The income statement and balance sheet of a company are significantly impacted by an organization's assumption regarding its inventory cost flow.
The income statement's approximate Cost of Goods Sold and the balance sheet's value of ending inventory are both affected by the inventory cost flow assumptions.Each method of valuation has advantages, but the weighted average yields statements with the most consistent valuation.
What has an effect on the balance sheet and income statement?
Stockholders' equity on the balance sheet rises as a result of revenue and gain reports on the income statement.Additionally, stockholders' equity decreases on the income statement as a result of increases in expenses and losses.
Learn more about balance sheet here:
https://brainly.com/question/29349246
#SPJ4
MBP Company has 10,000 shares of $10 par preferred stock, which were issued at par. It also has 250,000 shares of common stock outstanding, and its total stockholders' equity equals $4,000,000. The book value per common share is Multiple Choice $16.67 $16.00 $40.00 O $15.60 $10.00
Book Value per Share + Stockholders' Equity Applied to Common/Common Shares $10 divided by 10,000 shares equals $4,000,000 in outstanding book value per share. /250,000 = $15.60/share
The definition of "Book Value"When calculating the asset's depreciation, businesses deduct the carrying expense from the asset's book value. Book value can also be referred to as net asset value (NAV) because liabilities and intangible assets (such as goodwill and patents) are deducted from the total assets of a firm to get its NAV. The initial investment's book value may be gross or net of costs including trading commissions, sales taxes, service fees, and other fees.
To know more about Book Value visit: brainly.com/question/20436978
#SPJ4
Which of the following would most likely be enforceable?
a. A debt agreed to seven years ago in a state where the statute of limitations is six years.
b. An agreement supported by past consideration.
c. A substitute agreement to settle an undisputed debt.
d. A promise following the rendering of emergency services that is not supported by new consideration.
Which of the following would most likely be enforceable?
C. A substitute agreement to settle an undisputed debt.
Undisputed debt - what is it?
An undisputed debt claim is one where there is no dispute regarding the unpaid invoice and no need for enforcement action. The points you need to think about in relation to legal fees and other expenses for these claims are outlined below. Our legal fees include every task necessary to handle your case from beginning to end.
A debt that is disputed refers to one that is owed by a customer who the seller is aware of or should have known was disputing or was likely to contest its obligation to pay the debt in full or by the expected payment date.
Know more about enforceable visit:
https://brainly.com/question/1306203
#SPJ4
lawrence corporation is considering the purchase of a new piece of equipment. when discounted at the cost of capital of 8%, the project has a net present value of $24,610. when discounted at rate of 11%, the project has a net present value of $(28,980). the internal rate of return of the project is:
The internal rate of return of the project is 9.71%.
The internal rate of return (IRR) is the rate of return at which the present value of the cash inflows equals the present value of the cash outflows.
We can use the IRR formula to calculate the internal rate of return of the project.
The formula is written as:
NPV = 0 = C0 + C1/(1+r)^1 + C2/(1+r)^2 + ... + Cn/(1+r)^n
Where:
NPV = Net Present Value
C0 = Initial Investment
C1, C2, ..., Cn = Cash Flows in Year 1, 2, ..., n
r = Internal Rate of Return
n = Number of Years
IRR = [(-28,980 + 24,610) / (-28,980)]1/3 – 1
IRR = 9.71%.
Therefore, the internal rate of return of the project is 9.71%.
For more questions like Internal rate of return click the link below:
https://brainly.com/question/15703274
#SPJ4
help plsWhen referring to factors of production, which of the following is an example of land?
A. machine
C. output
B. skyscraper
D. manager
When referring to factors of production, skyscraper is an example of land. Thus, the correct option is B.
A skyscraper is an example of land as a factor of production because it is a natural resource used in the production of goods and services. Land includes all natural resources used in the production process, such as buildings, forests, minerals, and land itself.
Typically, a skyscraper has more than 40 or 50 floors, and its design and construction require specialized engineering and architectural skills to ensure its stability, safety, and functionality.
Learn more about skyscraper, here
https://brainly.com/question/15217370
#SPJ1
which parts of the offshore drilling and delivery process could be optimized to minimize accidents that harm humans and the environment?
Semisubmersibles parts of the offshore drilling and delivery process could be optimized to minimize accidents that harm humans and the environment.
What is the process of offshore drilling like?
The drill works through holes in the hull. The drillship steers toward the drilling site, uses an anchor and propeller combination to correct for drift, and the rig drills for oil. They can operate in deep water conditions. Swim semi-submerged on the ocean surface on a huge underwater pontoon.
What is offshore drilling?Offshore drilling is the drilling of holes in the seafloor of the continental shelf and also applies to drilling in lakes and inland seas. The first successful offshore well was freshwater in Grand Lake St. Marys, Ohio, circa 1891.
Learn more about offshore drilling :
brainly.com/question/9427341
#SPJ4
sheldon has an undergraduate degree and has decided to go back to school to pursue a graduate degree. he has incurred $6,500 in qualified expenses this year. what is the maximum lifetime learning credit sheldon can take this year? select one. question 1 options: a. $1,200 b. $1,300 c. $1,800 d. $2,000
The Lifetime Learning Tax Credit may be able to reimburse you for up to 20% of your qualifying educational expenses.
So as Given:
Cost incurred by Sheldon in qualified expenses this year = $6,500
And the maximum learning credit Sheldon can take this year = 20% of expenses incurred.
That is, 20% of 6500 = $1300
Hence, Option b is the correct answer and the maximum lifetime learning credit sheldon can take this year is $1300
The Lifetime Learning Tax Credit is an annual tax credit for postsecondary education costs such as tuition, fees, books, supplies, and equipment necessary for a degree programme or courses that assist gain or develop employment skills.
To learn more about Tax Credit visit:
https://brainly.com/question/29439692
#SPJ4
in a bank's business operations, at what point does the money supply increase? (banks create money; at which point in the bank's activities is the money supply increased?)
The total amount of reserves in a bank rises with each dollar deposited. Some of it will be kept on hand by the bank as necessary reserves, but the extra reserves will be lent out.
The amount supply increases as soon as that loan is made. In this way, banks "produce" money, thereby expanding the money supply. Due to the actions of the Federal Reserve and commercial banks, the money supply in the US varies. Interest rates and the amount of money are mutually exclusive. A greater money supply results in lower market interest rates, which lowers the cost of consumer borrowing.
To learn more about Reserve, click here.
https://brainly.com/question/13384376
#SPJ4
in 2018, a wind farm developer was ordered to dismantle its newly constructed wind turbines after adjacent residents filed a lawsuit complaining that they never consented to the loud noise and visual obstructions of the turbines. how could the wind farm developer have utilized insights from the coase theorem to avoid its legal troubles and ultimately wasting millions of dollars on wind turbines it never got to operate? select all situations that would apply. the developer could have asked the government to set a quota on electricity generation for the wind farm so there would be down time from the noise. the developer could have paid people living near the wind farm a stipend for putting up with the noise and the restricted views. the developer could have petitioned the local and state government to fund the wind farm. the developer could have invested in improved infrastructure for power generation to lower residents’ electricity costs as well as to promote the use of wind farms.
The developer could have paid people living near the farm a stipend for putting up with the noise and restricted views. Option (b) is correct.
Developers of wind energy look for possibilities and suitable locations to erect large-scale wind energy facilities. They oversee the product's design, production, and marketing as well.
The developer may have made investments in better power generation infrastructure to reduce homeowners' electricity expenses and to encourage the usage of wind farms.
A renowned power engineer named Maneklal Sankalchand Thacker launched a project with the Indian Council of Scientific and Industrial Research (CSIR) in December 1952.
Therefore, Option (b) is correct.
Learn more about developer, here;
https://brainly.com/question/31944410
#SPJ12
identify each statement as either true or false. you are currently in a labeling module. turn off browse mode or quick nav, tab to items, space or enter to pick up, tab to move, space or enter to drop. in the united states, banks keep the entire value of all customer deposits in the bank vault to meet customer withdrawals. banks typically loan out a portion of customer deposits. bank runs occur when many customers attempt to withdraw deposits from a bank at the same time and the bank is unable to pay all customer withdrawals. the federal deposit insurance corporation (fdic) protects bank depositors from bank failure. the fractional reserve banking system requires all banks to keep the total value of customer deposits in their vaults to prevent bank runs. answer bank
In the united states, banks keep the entire value of all customer deposits in the bank vault to meet customer withdrawals. False
Banks typically loan out a portion of customer deposits. True
Bank runs occur when many customers attempt to withdraw deposits from a bank at the same time and the bank is unable to pay all customer withdrawals. TrueThe Federal Deposit Insurance Corporation (FDIC) protects bank depositors from bank failure. TrueThe fractional reserve banking system requires all banks to keep the total value of customer deposits in their vaults to prevent bank runs. FalseLearn more about Bank here:-https://brainly.com/question/25642105
#SPJ4
identify the features of a drop-off survey. (check all that apply.) multiple select question. completed surveys are picked up by a representative of the researcher or returned by mail. completed surveys are almost immediately analyzed by a representative of the researcher. complex or confusing survey questions can be clarified by a representative of the researcher. survey forms are hand-delivered to respondents by a representative of the researcher.
In drop off survey, d) survey forms are hand-delivered to respondents by a representative of the researcher.
In this survey, a representative of the researcher hand-delivers a self-administered questionnaire to selected respondents. Drop-off surveys have a higher response rate than mail-out surveys, but they take more time to complete.
Although online and mobile polls are frequently the least expensive survey research methods, they might not reach respondents who can only participate in other ways. If significant respondents are excluded from the study, the results of online and mobile surveys may suffer and differ significantly.
Using more conventional techniques, like paper surveys or in-person interviews, may make it simpler to reach difficult-to-reach respondents. The completed forms are either mailed or picked up again at a later time and returned to the researcher.
To know more about survey:
https://brainly.com/question/16049820
#SPJ4
Assume Durango Co. has sales of $100,000 for the month of November. The company expects sales to grow 10% each month. Durango Co. collects 60% of sales in the month of sale and 40% in the month after sale. What should Durango Co. project for cash collections in December?
For cash collections in December, Durango Co. should predict $106,000.
What happens in a sale?Sales are the processes involved in completing a transaction or the quantity of items dispersed over a set time period. A sale is also considered to have occurred if a service was provided in exchange for money. Any acquisition, appropriation, requisition, or direct connection with the customer at the point of sale constitutes the completion of a transaction by the seller or supplier of the products or services.
The title (property or ownership) of the item is transferred and the price is settled once a price has been agreed upon for which the transfer of ownership will take place. The transaction will frequently be carried out by the seller rather than the buyer, and there are instances where this occurs before the buyer needs to make a choice.
December's sales = November's sales of $100,000 X 1.1
=$110,000
December's cash receipts:
November's sales $100,000 X 0.4 = $40,000
December's sales = $110,000 X 0.6 = $66,000
Total Collections = $40,000 + $66,000= $106,000
Learn more about sales: https://brainly.com/question/29664092
#SPJ4
refer to scenario 29-2. suppose the bank of tazi purchased 50 million tazes of tazian treasury bonds from the banks. suppose also that both the reserve requirement and the percentage of deposits held as excess reserves stay the same. by how much does the money supply change?
The banks sold tazian treasury bonds worth 50 million tazes to tazi. Assume additionally that the reserve ratio and the proportion of deposits maintained as surplus reserves both remain at 1 billion tazes.
What two sorts of Treasury are there?Treasury notes are mid-term investments with maturities ranging from two to ten years. Every six months, interest is paid. Treasury bonds are long-term investments with a 30-year maturity and a six-month interest payment schedule.
What does "treasury" mean exactly?The word "treasury" was first utilized in Classical antiquity to refer to votive structures built to hold gifts for the gods, like the Siphnian Treasury throughout Delphi or the numerous structures very similar to it built in Olympia, Europe by trying to compete city-states to convince others during ancient Olympic Games.
to know more about treasury visit:
https://brainly.com/question/29308290
#SPJ4
cadie construction co. signed a note promising to pay a cement supplier $1,000 60-days from now. as a result of this transaction, cadie would record a(n)
Caddie Construction Co. signed a promissory note agreeing to pay a cement supplier $1,000 in 60 days. Caddie would record a(n) short-term payable on her balance sheet as a consequence of this transaction.
What exactly is a transaction?A transaction is a financial agreement between buyers and sellers. Through the financial agreement, other things take place, as we can see there are many agreements in place based on the exchange of products and purchases.
According to the aforementioned remark, the caddies want a signed and short-term balance sheet so that they may perform a better job and complete more work assigned by the construction business, as well as supply them with the cement supplier. The work form can take placed in it with the right consent.
As a result, Caddie Construction Co. signed a short-term payable note. Transaction
To learn more about transactions, click
https://brainly.com/question/24730931
#SPJ1
when an economy is temporarily operating at an output that is beyond its full-employment rate, group of answer choices excess supply in resource markets will eventually lead to lower resource prices, which will decrease costs and direct the economy toward full employment. excess demand in resource markets will lead to higher resource prices, which will increase costs and direct the economy toward full employment. lower wages and prices will quickly restore full employment. only restrictive fiscal policy will direct the economy back to full employment.
When an economy is temporarily operating at an output that is beyond its full-employment rate, then resource markets will experience excessive demand because increased resource prices will increase costs.
There is no cyclical or demand-deficient unemployment while the economy is at full employment. Because other types of unemployment, such as structural and frictional, may persist, full employment does not mean that all unemployment will be gone.
The maximum amount of both skilled and unskilled labor that can be employed at any given time in an economy is full employment.
The basic definition of full employment is when everyone who wants to work can find employment at the market rate. This would imply that there is no unemployment since people who are unwilling to work shouldn't be listed as unemployed.
To learn more about Full-employment visit: https://brainly.com/question/14318946
#SPJ4
mo theory replaces resonance structures associated with electrons assigned to individual bonds with extended areas of electron density associated with electrons in bonding mos over the entire molecule.
MO theory replaces resonance structures associated with localized electrons assigned to individual bonds with extended areas of electron density associated with delocalized electrons in bonding MO's over entire molecule.
What are delocalized electrons?Delocalized electrons are those in a molecule, ion, or solid metal that are not connected to a specific atom or covalent connection. In the structure of solid metals, delocalized electrons also exist. Positive ions in a "sea" of delocalized electrons are aligned to form metallic structure. As a result, qualities like conductivity are created, as the electrons are free to travel about the structure. Because diamond does not transmit electricity, electron mobility is constrained. In covalent bonds with three additional carbon atoms in plane, each of the four outer energy level electrons on a carbon atom in graphite is only used once. The delocalized electron system that is a component of chemical bonding receives one electron from each carbon atom.
To learn more about electricity, visit:
https://brainly.com/question/1838626
#SPJ4
businesses often choose to personal property, especially equipment, where the business gets to use the property for a fixed time-period in exchange for monthly payments.
Businesses often choose to lease personal property, especially equipment, where the business gets to use the property for a fixed time-period in exchange for monthly payments.
Which of the ensuing properties falls under the commercial category?Office buildings, hospitals, hotels, shopping malls, retail stores, multifamily housing structures, farmland, warehouses, and garages are all examples of commercial property. For the purposes of borrowing money and taxes, residential property with more than a specified number of units qualifies as commercial property in several jurisdictions.
The word "intellectual property," sometimes known as "IP," refers to a wide range of intellectual works, including inventions, computer programs, books, works of art, films, music, and website designs. Trademarks, copyrights, patents, and trade secrets are the four main legal mechanisms for IP protection.
To know more about intellectual property, refer:
https://brainly.com/question/18650136
#SPJ4
rathburn, inc. is a service firm that uses process costing. the firm the firm worked on a total of 1,000 cases this month. 800 of which were completedRathburn, Inc is a seevice firm that uses process costing. The firm worked on a total of 1,000 cases this momth, 800 of which were completed during the period. The remaining cases were 40% complete. The firm incurred $180,000 in direct lavor and manufacturing over head. costs during the period and had $4,800 in direct labor and manufacturing costs in beginning inventory. Using the weighted average method? what was the total cost of cases still in process at the end of the period?
A. $16,800
B. $175,200
C. $17,520
D. $168,000
Using the weighted average method The total cost of cases still in process at the end of the period $16,800 Option A is correct
Under Weighted average method
Total cost incurred = $180,000 + $4800 = $184,800
Ending inventory = 1000- 800= 200
Equivalent unit of production = 800+200×40%
=880
Cost per equivalent unit of production = $184,800/880
$ 210 per case
So total cost of unit in process = (200× 40%)×210
$16,800
Each value in the data set is multiplied by a predefined weight before the final computation is completed when computing a weighted average. Divide the total cost of the products purchased by the quantity of units on hand to determine the weighted average cost. You'll need the entire quantity of initial inventory and recent acquisitions to calculate the cost of the things that are currently for sale.
Learn more about weighted average visit https://brainly.com/question/28042295
#SPJ4
joan's creations reports net income of $630,000. depreciation expense is $48,000, accounts receivable increases $12,000, and accounts payable decreases $28,000. calculate net cash flows from operating activities using the indirect method. (amounts to be deducted should be indicated with a minus sign.)
The net cash flows from operating activities to Joan's creations, given the depreciation and accounts receivables would be $ 638, 000
How to find the net cash flows ?The net cash flows from operations involves all the cash transactions related to the day to day operations of the business including accounts receivable and payables.
The net cash flows from operating activities using the indirect method is:
= Net income + Depreciation expense - Accounts receivable increase - Accounts payable decrease
= 630, 000 + 48, 000 - 12, 000 - 28, 000
= $ 638, 000
Find out more on operating activities at https://brainly.com/question/25530656
#SPJ1
Cultivation Theory is a critical theory because it
a. focuses on television viewing and the influence of television
b. is concerned with the way that communication perpetuates the dominance of one group over another
c. uses a causal argument
Cultivation Theory is critical theory because it is concerned with way that communication perpetuates dominance of one group over another.
What is Cultivation Theory?The long-term effects of media, particularly television, are examined using the sociological and communications paradigm known as "cultivation theory." It implies that individuals who are routinely exposed to media for extended periods of time are more likely to view social realities as they are depicted in the media they consume, which in turn affects their attitudes and behaviors. Cultivation theory was developed as a means of examining how television viewing affected viewers, particularly how exposure to violent content on television affected people. The main tenet of the idea is that people are more inclined to believe social reality matches the reality depicted on television if they spend more time "living" in the television world. Since the cultivation theory makes the existence of an objective world and research that is devoid of biases,
To learn more about Cultivation Theory, visit:
https://brainly.com/question/29663687
#SPJ4
In a linear programming model, the __________ assumption plus the nonnegativity constraints mean that decision variables can take on any value greater than or equal to zero. a. proportionality b. additivity c. divisibility d. negativity
In a linear programming model, the divisibility assumption plus the non negativity constraints mean that decision variables can take on any value greater than or equal to zero.
With linear programmes, we presume that each variable's contribution to the objective function and constraints is inversely correlated with its value. In other words, doubling the value of a variable doubles both its contribution to the objective function and to each constraint in which it occurs. The decision variables are restricted or limited by the constraints. They often restrict the decision factors' potential value.
Divisibility The linear programming assumption: In a linear programming model, decision variables may take on any values that abide by the functional and nonnegativity restrictions, including fractional values.
Hence the correct option is C
To know more about Linear Programming Model here
https://brainly.com/question/15555112
#SPJ4
arup works on the principle that the economy aims to recast the way we produce and consume the world around us, keeping materials at their highest value for longer, finding ways to conserve energy and re-use resources.
Arup works on the principle that the circular economy aims to recast the way we produce and consume the world around us.
A circular economy, also known as circularity or CE, is a production and consumption model that prioritizes sharing, renting, reusing, repairing, and recycling already existent goods and resources for as long as possible.
By putting a focus on the design-based implementation of the model's three guiding principles, CE seeks to address issues including climate change, biodiversity loss, waste, and pollution. Eliminating waste and pollution, reusing goods and materials, and regenerating nature are the three tenets necessary for the transition to a circular economy.
Contrary to the conventional linear economy, CE is defined. Over the past ten years, academia, business, and government have all conducted substantial research on the circular economy (CE) concept and idea.
To know more about circular economy:
https://brainly.com/question/15171941
#SPJ4
Correct question:
Arup works on the principle that the __economy aims to recast the way we produce and consume the world around us, keeping materials at their highest value for longer, finding ways to conserve energy and re-use resources.
sonja starts a small company and wants to use business ethics in all of her company dealings. business ethics is:\
Business ethics is the application of ethics whether moral, principle that examines principles or morals that can arise in a corporate firm or generally all around in a business environment. It applies to all the aspects of a business group or a firm whether big or small and is very relevant to the morals and values of the company.
It can arise in different topics starting from scams, bribery, money laundering, fraud by an employee of the firm, discrimination of race, religion, caste, creed, or just anything in corporate governance that tarnishes the value or the image of the company partly or as a whole.
Learn more about business ethics here brainly.com/question/29038462
#SPJ4
which organization promotes technology issues as an agency of the united nations? group of answer choices
The United Nations specialized agency for information and communication technologies is called the International Telecommunication Union (ITU).
An unpopular and complicated multinational organization known as the International Telecommunication Union (ITU) was initially established to control the telegram business. It is now in charge of crucial standard-setting and 5G regulation activities, as well as the internet's future.
The developing world is particularly susceptible to the effects of these actions. Strategic rivals of the United States actively participate in the ITU (at both the high-level leadership and low-level study group levels). The group is particularly significant for recognizing and advancing U.S. interests due to its mandate, make-up, and impending leadership change in 2023.
To know more about the United Nations click here,
https://brainly.com/question/9763405
#SPJ4
For a given labor demand curve, which of the following is not held constant?
A. the production function
B. the price of the input
C. the productivity of labor
D. the price of labor
Labor is one of the main factors of production in Economics and is a vital component to any production function. Labor can be thought of as the necessary input required from humans in order to produce goods and services (e.g. assembly line workers).
For a given labor demand curve, the production function is not held constant.
The labor demand curve illustrates the number of people that companies are willing to recruit when the salary is set at a particular level. A movement to the right on the labor demand curve is an indicator of rising labor demand. The curve swings to the left if demand declines.
Plot the marginal revenue product of labor you computed above on a labor demand schedule or graph that has the number of employees on the X axis and net revenue, after deducting wages, on the Y axis to arrive at your labor demand curve. This is the firm's labor demand curve based on the marginal revenue product of labor.
Hence the correct option is A
To know more about Labor Demand Curve here
https://brainly.com/question/14096702
#SPJ4
The development team at an e-commerce company is preparing for the upcoming Thanksgiving sale. The product manager wants the development team to implement appropriate caching strategy on Amazon ElastiCache to withstand traffic spikes on the website during the sale. A key requirement is to facilitate consistent updates to the product prices and product description, so that the cache never goes out of sync with the backend.
As a Developer Associate, which of the following solutions would you recommend for the given use-case?
Have used a caching strategy as a Development Associate to write to a backend first, then expire the cache.
How would you define a strategy?A plan explains the steps that will be taken to achieve the objectives (goals) (resources). A pattern of behavior that develops as the organization competes and adapts towards its environment might be considered a strategy. It entails tasks like strategic planning thought.
How does a strategic analysis work?Choose your strategic stance. Set goals in order of importance. Put together a strategy plan. Manage and carry out your plan. Examine and update the plan. A strategy defines the long-term focus and direction of an organization. Through the effective allocation of resources, it aids a business in gaining an edge over rivals.
To know more about strategy visit:
https://brainly.com/question/15285486
#SPJ4
companies want to capture and retain customers that will be not only loyal but also profitable, which often means targeting as many customers as possible with whom to do business. true false
Companies want to capture and retain customers that will be not only loyal but also profitable, which often means targeting as many customers as possible with whom to do business this statement is true.
Who exactly are these clients?A customer is a person or business that makes a purchase from one business of another. Customers are crucial since they generate revenue. Without them, businesses would not continue to operate.
Why are consumers so important?They not only spend more money, but they also bring in more clients. Your sales agents are your customers. Actually, 56% of respondents claimed they would recommend a company that offered top-notch service to friends and family. You can keep customers who are willing to recommend your business by offering excellent customer service.
To know more about Customers visit:
https://brainly.com/question/13735743
#SPJ4
Beech Corporation, an accrual basis calendar year taxpayer, was organized and began business on August 1st of the current calendar tax year. During the current year, the corporation incurred the following expenses:State fees for incorporation $ 685Legal and accounting fees incident to organization 2,398Expenses for the sale of stock 2,740Organizational meeting expenses 1,028Assuming that Beech Corporation does not elect to expense but chooses to amortize organizational expenditures over 15 years, calculate the corporation's deduction for its current calendar tax year.Round per month calculation to two decimal places. Round your final answer to the nearest dollar.
The corporation's deduction for its current calendar tax year if beech corpporation began business on August 1st of the current calendar tax year. During the current year, the corporation incurred the following expenses State fees for incorporation $ 685Legal and accounting fees incident to organization 2,398Expenses for the sale of stock 2,740 Organizational meeting expenses 1,028 is $114.20
Corporate tax credit for the current calendar tax year can be calculate as:
Current year deduction:
State corporate tax - $685
Organization legal and accounting costs - $2,398
Organization session fee - $1,028
Total - $4,111
Because the company chose to amortize organizational costs over 15 years,
Monthly deduction = 4,111/180 = $22.84
Since the corporation began operations on August 1 of the current tax year, the deductions for the year are as follows:
5 months x $22.84 = $114.20
The stock market, fair market, or stock market, is a collection of consumers and traders of stocks that represent ownership of companies. These may include securities that are publicly traded.
Stock markets produce volatile returns, but they can outperform inflation in the long run.
The primary motivation for the Wall Avenue Crash of 1929 turned into a lengthy speculation that preceded it. At one point, tens of millions of people invested their savings or borrowed cash to buy stocks, pushing costs to exorbitant percentages.
Learn more about stock here.
-brainly.com/question/25765493
#SPJ4
what is the price of a u.s. treasury bill with 76 days to maturity quoted at a discount yield of 1.90 percent? assume a $1 million face value.
A US Treasury bill costs $1000,024
what is the price of a u.s. treasury bill?The cost is expressed in terms of money. By dividing the difference between the bond's face value and its purchase price by the bond's price, one can get the bond equivalent yield.
We can infer from the situation : Face value is $1,000,000.
Time = 76 days, or a discount yield of 1.90 or 0.019.
We should use the following formula to determine the bond price in order to compute the BEY:
Discount yield is calculated as [(FV - P)/P] x (360/d) 0.019=[(1,000,000 -P)/P] x 360/76.
0.019P = (1,000,000 -P ) 4.7368\s0.019P + 4.736P = 4,736,100
4.736P = 4,736,117.5\sP =$1000,024
It costs $1000,024 to buy.
to know more about u.s. treasury bil visit:-
https://brainly.com/question/28903817
#SPJ4
revenue $ 0 $ 30.90 wages and salaries $ 3,400 $ 6.90 food and supplies 800 11.70 facility expenses 8,400 3.90 administrative expenses 8,200 0.30 total expenses $ 20,800 $ 22.80 actual results for february: revenue $ 108,180 wages and salaries $ 23,540 food and supplies $ 36,794 facility expenses $ 19,290 administrative expenses $ 9,148The overall revenue and spending variance (e, the variance for net operating Income in the revenue and spending variance column on the flexible budget performance report for March would be closest to: Multiplo Choice $734U $1219 0 O $1219 F $734 F Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 3,500 tenant-days, but its actual level of activity was 3,550 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: Pixed Variable element element per per month tenant-day Revenue 0 $ 34.40 Wages and salaries $ 2,400 $ 7.40 Food and supplies 1,400 13.90 Facility expenses 7,900 2.90 Administrative expenses 6,400 0.50 Total expenses $ 18,100 $ 24.70 Actual results for March Revenue $ 119,125 Wages and salaries $ 28,540 Food and supplies $ 51,125 Facility expenses $ 17,250 Administrative expenses $ 7,094 The overall revenue and spending variance (ie, the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for March would be closest to: Multiple Choice $7340 $1.219 U $1.219 F
The answer is $1.219 U. Option C.
Solution:-
It is Unfavorable because the Overall net income in Actual is less than the flexible budget.
Budget variance is an accounting term for when actual costs are higher or lower than standard or forecast costs. An unfavorable or negative budget variance indicates a budget shortfall. This may be due to a lack of revenue or higher-than-expected costs.
Variance is good if the actual result makes the net profit higher than the budgeted net profit higher than budgeted and lower than the budgeted. If the actual net income is lower than planned less income than planned and/or higher costs than planned deviation is undesirable. In accounting variance simply refers to the difference between plan and actual.
Learn more about Budget variance here:- https://brainly.com/question/29560516
#SPJ4
David Ricardo is the first great classical economist to detect, sharply, the line of demarcation between intranational and international trade, not on the basis of equal or absolute, but comparative differences between nations. O True O False
This is a true statement. David Ricardo, a well-known classical economist, was the first to distinguish between intranational and international trade in a distinct manner by emphasizing comparative rather than absolute, rather than equal, disparities between states.
What was deserving of the name David Ricardo?David Ricardo lived from 1772 until 1823. The eminent British economist David Ricardo was a significant contributor to the development of economic theory. In the creation and elaboration of the "Classical" theory of political economy, he was incredibly exact. In the 19th century, Ricardo's legacy had a big impact on economic theory.
Ricardo presented a convincing argument in favor of free trade at a time when it was a divisive political topic. According to reports, in a system of entirely free trade, each country would naturally concentrate its resources on initiatives that benefited it the most.
According to Ricardo's well-known comparative advantage thesis, countries can obtain a trade advantage by concentrating on producing items that have the lowest opportunity costs in compared to those of other countries.
Learn more about David Ricardo: brainly.com/question/14558830
#SPJ4