Answer:
Option A is the correct answer
Weight of equity =0.32
Explanation:
Weighted average cost of capital is the average cost of all of the long-term types of finance used by a company weighted according to the that amount of finance used in relation to the total pool of fund.
The weight is the market value of nominal value of the source of fund as a proportion of the total capital funds.
Total capital funds = Debt funds + Preferred Funds + Equity funds
= ($2.3 + $1.5 + $1.8 ) million = $5.6 million
Weight of equity = Equity capital/Total capital funds
= 1.8/5.6 =0.32
Weight of equity =0.32
Harver company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 58000 units of RX5 follows. Direct materials and direct labor are 100% variable. Overhead is 70% fixed. An outside supplier has offered to supply the 58000 units of RX5 for 18.50 per unit. determine the total incremental cost making 58000 units of Rx5. Determine the total incremental cost of buying 58000 units of RX5. Should the company make or buy RX%
Answer:
Decision = Make
Explanation:
The incremental cost to buy and the incremental cost to make can be calculated as follows
DATA
Direct material = $4 (100% variable)
Direct labor = $8 (100% variable)
Overhead = $9 ( 70% fixed)
Total cost per unit = $21
Offered price = $18.5 per unit
Total units = 58,000
Solution
Incremental cost of making
Direct material ( 58,000 x $4) = $232,000
Direct labor (58,000 x $8) = $464,000
Overhead ( 58,000 x $9 x 30%) = $156,600
Total cost = $825,600
Incremental cost of buying
Total cost = No. of units x offered price
Total cost = 58,000 x $18.5
Total cost = $1,073,000
Decision: The company should make the product as the total cost to buy is $247,400 higher than the cost to make.
An American-style call option with six months to maturity has a strike price of $35. The underlying stock now sells for $43. The call premium is $12. What is the intrinsic value of the call
Answer:
$8
Explanation:
An American style call option has a strike price of $35
The underlying stock now sells for $43 in the market
The call premium is $12
Therefore, the intrisic value of the call can be calculated as follows
Intrisic value= Market price - strike price
= $43-$35
= $8
Hence the intrinsic value of the call is $8
ABC paid $2,000 interest on short-term notes payable, $10,000 interest on long-term bonds, and $6,000 in dividends on its common stock. ABC would report cash outflows from activities, as follows:
A) Operating, $12,000; Financing $6,000.
B) Operating, $0; Financing $18,000.
C) Operating, $18,000; Financing $0.
D) Operating, $2,000; Financing $16,000.
Answer: A) Operating, $12,000; Financing $6,000.
Explanation:
Operating Activities deal with the cashflow related to the operations of the business and it's short term obligations. Interest payments on loans are short term and are considered part of normal business operations so the outflow from Operating activities is;
= $2,000 interest on short-term notes payable + $10,000 interest on long-term bonds
= $12,000
Financing Activities relate to cash-flow surrounding the capital of the firm. This includes Equity and long term debt. Dividends have the impact of reducing equity and so will fall under Financing activities.
Dividends = Financing = $6,000
For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income $ 350,000 Permanent difference (14,700 ) 335,300 Temporary difference-depreciation (19,900 ) Taxable income $ 315,400 Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringali report as its income tax expense for its first year of operations
Answer:
Tringali should report $78,850 as its income tax expense for its first year of operation.
Explanation:
The company should use the taxable income of $305,600 to calculate it's income tax expense as it is only on it basis that the tax payable by a firm is determine
Income tax expenses = Taxable income * Tax rate
Income tax expenses = $315,400 x 25%
Income tax expenses = $78,850
According to CEO John Hillerich, treating others with respect is part of the organization's
a)history
b)structure
c)culture
d)leadership
e)decision making
'Culture' is denoted as 'the beliefs, values, behavior, and habits' that characterize an organization or a society.'
As per the statement of the organization's CEO, the display of respect and dignity towards fellow employees would be a part of its:
c). Culture
The culture of an organization primarily includes:
The common behavioral norms and patterns.A set of standard beliefs and values to be followed by all.The standard practices and attitudes are to be displayed throughout the work.Thus, respecting one another would be a component of the organization's culture of not discriminating against any employee within the business premises.
Learn more about 'organization' here:
brainly.com/question/13278945
Long-Term Solvency Ratios Summary data from year-end financial statements of Palm Springs Company for 2017 follow.
Summary Income Statement Data
Sales $11,692,900
Cost of goods sold 5,135,000
Selling expenses 938,000
Administrative expenses 780,000
Interest expense 2,210,000
Income tax expense 905,000 9,968,000
Net income $1,724,900
Summary Balance Sheet Data
Cash $117,000
Total liabilities $900,000
Noncash assets 1,183,000
Stockholders' equity 400,000
Total assets $1,300,000
Total liabilities and equity $1,300,000
Round answers to two decimal places.
a. Compute the ratio of times-interest-earned.
b. Compute the debt-to-equity ratio.
Answer:
a. Compute the ratio of times-interest-earned.
times-interest-earned = EBIT / interest expense
EBIT = $4,839,900interest expense = $2,210,000times-interest-earned = $4,839,900 / $2,210,000 = 2.19
b. Compute the debt-to-equity ratio.
debt-to-equity ratio = total liabilities / total stockholders' equity
total liabilities = $900,000total stockholders' equity = $400,000debt-to-equity ratio = $900,000 / $400,000 = 2.25
in microsoft excel, if you click on the right corner of cell A9 and drag it down two rows, What will happen?
Answer:
It will copy or apply any formula on the cell to the cells below
Explanation:
I'm assuming this question is missing details but dragging the corner box of a cell applies the value, pattern, or formula to the cells below it or the direction you drag it
When the right corner of cell A9 is dragged down until two rows the formula, text, or sequence applied on cell A9 will be copied until the cell is dragged.
Microsoft Excel is the spreadsheet that is developed to record the data in the sequence or the numerical data. It is basically used to organize the data and perform financial analysis.
A single cell supposes A9:
It can include a formulaA numberAn alphabet or any other numerical data.If the data can have a sequence then if the right corner of the cell is dragged down then the number of the cell will be either copied to the cells or the formula applied in the cell will be copied, or the number or the alphabets can be shown in the sequence.
To know more about Microsoft Excel, refer to the link:
https://brainly.com/question/10444759
Ownership costs incurred after the initial purchase and associated with the ongoing use of the product or material purchased include which of the following?
a) Energy Usage
b) Purchase Price
c) Product Liability Costs
d) Customer Dissatisfaction Costs
e) Warranty Costs
Answer:
a) Energy Usage
Explanation:
Total cost of ownership (TCO) can be defined as the summation of the purchase price (P) and operating costs (O) of an asset over the asset's lifespan.
Mathematically, it is given by the expression;
Ownership costs incurred after the initial purchase and associated with the ongoing use of the product or material purchased include an energy usage.
Energy refers to the amount or quantity of power which is being consumed by an individual, group of people or organization over a specific period of time. As the consumers continue to use energy, they're being charged or made to pay a utility fee regularly for their amount of consumption, which is usually calculated hourly (kilowatts per hour or kwh).
1. Noor Patel has had a busy year! She decided to take a cross-country adventure. Along the way, she won a new car on "The Price Is Right" (valued at $15,500) and won $500 on a scratch-off lottery ticket (the first time she ever played). She also signed up for a credit card to start the trip and was given a sign-up bonus of $100. How much will she have to include in her federal taxable income?
2A. What is the amount of taxes for a head of house hold with a taxable income of $57,500 with a rate of 25%?
B. What is the amount of taxes for a single person with a taxable income of $35,000 with a rate of 15%?
C. What is the amount of taxes for a married couple filling jointly with a taxable income of $70,700 with a rate of 15%?
Answer:
1. 16,100
Explanation:
To get how much she would include in her federal taxable income. We would have to add up these values:
The car won on the price is right + scratch off lottery + sign up bonus.
15,500 + 500 + 100
=$16,100
2a.
head of household
0 to 9275 at 10% = 927.5
(37650 - 9275)*15% = 4256.1
(57500 - 37650)*25% = 4962.5
total = 927.5 + 4256.1 + 4962.5
= 10146.1
2b
single person
0 to 9275 at 10% = 927.5
(35000-9275)*10% = 3858.75
total = 927.5 + 3858.75
= 4786.25
2c
for married couple
0 to 18550 at 10% = 1855
(70700-1855)*15% = 7822.5
total = 1855 + 7822.5
=9677.5
Consider the case of Purple Panda Pharmaceuticals: Next year, Purple Panda is expected to earn an EBIT of $2,000,000, and to pay a federal-plus-state tax rate of 30%. It also expects to make $500,000 in new capital expenditures to support this level of business activity, as well as $35,000 in additional net operating working capital (NOWC). Given these expectations, it is reasonable to conclude that next year Purple Panda will generate an annual free cash flow (FCF) of (rounded to the nearest whole dollar).
Answer:
Purple Panda Pharmaceuticals
Annual Free Cash Flow (FCF):
FCF = Sales Revenue - (Operating costs + Taxes) - Required investments in operating capital or net operating profit after taxes - net investment in operating capital =
Net Income = $1,400,000
additional NOWC = 35,000
Capital expenditures = 500,000
FCF = $865,000
Explanation:
a) Data and Calculations:
EBIT = $2,000,000
Tax = 30% or $600,000
Net Income = $1,400,000
additional NOWC = 35,000
Capital expenditures = 500,000
FCF = $865,000
Purple Panda Pharmaceuticals' Free Cash Flow shows what is available for distribution to security holders after the payment of taxes. Purple Panda will use the information from its Free Cash Flow to judge if a project will pay off and generate enough cash flow so that shareholders' value will be enhanced.
"At that time, the market price of ABC is $44. If the market rises to $58 and the call is exercised (the put expires out the money), the gain or loss is:"
Answer:
600 loss
Explanation:
The computation of the gain or loss is shown below:
Since on Jan, there is a put option of 45 at $3 and the market rises to $58
So it losses by 13 points i.e
= 45 - 58
= 13
Now the total premium points collected is of 7 i.e
= 4 + 3
= 7
So, the remaining points left is
= 13 - 7
= 6
So for 6 points, the net loss is $600
Rose Hill Trading Company is expected to have EPS in the upcoming year of $8. The expected ROE is 18%. An appropriate required return on the stock is 14%. If the firm has a retention ratio of 70%, its dividend in the upcoming year should be _________. A. $1.12 B. $1.44 C. $2.40 D. $5.60
Answer: C. $2.40
Explanation:
Earnings Per Share (EPS) refers to how much of the net income is due to the shareholders and is calculated by dividing the net income by the number of shareholders.
The retention ratio refers to how much of the net income will be held back by the company and not declared as dividends.
The dividends will therefore be the percentage of the EPS that is not held back.
= 8 * ( 1 - 0.7)
= $2.40
Based on your case knowledge, to what extent do you agree or disagree with the following statement - "Kay Whitmore - Kodak CEO, had an understanding of Kodak's potential in the PC market. This was illustrated by her strong engagement with Bill Gates and Microsoft."
1. Strongly Agree
2. Mildly Agree
3. Neither Agree nor Disagree
4. MIldly Disagree
5. Strongly Disagree
6. Not Applicable
Answer:
3. Neither Agree nor Disagree
Explanation:
The reason was that the Kay Whitmore's engagement with Bill Gates and Microsoft has not much impacts on the potential of Kodak's products to exploit additional opportunities in Microsoft hence statement in consideration is not a one side argument as it is doubtful position.
So I am neither agreeing nor disagreeing with the statement hence the option 3 is correct here.
2. What is your class or form?
A. 1st Year (Form 1)
B. 2nd Year (Form 2)
C. 3rd Year (Form 3)
Answer:
2 nd year ( FORM 2)
Explanation:
PLEASE MARK ME AS BRAINLIEST AND DO FOLLOW ME.
❤✌ITZ AAROHI ❤✌
LOVE YOU
Builder and Owner agree that Builder will erect a fence for Owner for $1,500. Builder claims that the fence is taking longer than Builder expected, so Owner must pay Builder $500 more or Builder will not complete the fence. Owner, needing the fence completed, agrees to the additional $500. Builder completes the fence. Owner owes Builder: ________.
A. $1,500.
B. $2,000.
C. $1,000.
D. $1,750.
Answer:
Owner owes Builder : B. $2,000.
Explanation:
A Liability is the present obligation of the entity, that arises as a result of past events, the settlement of which is expected to result in a cash outflow from the entity.
Initially, the Owners owes the Builder $,1500
For the fence to be completed on time, an addition of $500 was owed, upon the owner accepting this arrangement.
Thus, the total obligation owing to the Builder is $2,000.
Answer:
2000
Explanation:
Because 1500+500=2000
A company purchased $3,500 of merchandise on July 5 with terms 3/10, n/30. On July 7, it returned $700 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July 12 is:
Answer and Explanation:
The Journal entry is shown below:-
Accounts payable Dr, $2,800 ($3,500 - $700)
To Merchandise inventory $84 ($2,800 × 0.03)
To Cash $2,716 ($2,800 × (1 - 0.03)
(being the payment is recorded)
Here we debited the accounts payable as it decreased the liabilities and we credited the merchandise inventory and cash as it also decline the assets
Company expects to sell units of finished product in and units in . The company has units on hand on 1 and desires to have an ending inventory equal to % of the next month's sales. sales are expected to be units. Prepare 's production budget for and .
Complete Question:
Yasmin Company expects to sell 1,900 units of finished product in January and 2,250 units in February. The company has 270 units on hand on 1st January and desires to have an ending inventory equal to 20% of the next month's sales. March sales are expected to be 2,350 units. Prepare Yasmin's production budget for January and February.
Answer:
680 Units for January and 250 units for February.
Explanation:
Production Budget can be calculated using the following formula:
Production Budget = Expected Sales + Desired Ending Inventory Units - Opening Inventory
The formula is reflected in a tabular form below:
Production Budget For Yasmin Incorporation
January February
Expected Future Sales (Unit) 900 250
Add: Desired Ending Inventory Units 50 70
Less: Openning Inventory Units 270 70
Production Units 680 250
The following questions will test you on what you have just learned about sentence-level writing including dangling modifiers, independent and dependent clauses, and parallelism.
Identify the dangling modifier in the sentence, and choose the best revision.
When beginning the meeting, the fire alarm went off.
1. The fire alarm went off when beginning the meeting.
2. When we were beginning the meeting, the fire alarm went off
Katie reviewed the meeting minutes taking the train into Boston.
1. Katie reviewed the meeting minutes taking the train into Boston.
2. Taking the train into Boston, Katie reviewed the meeting minutes.
Identify the dependent clauses in the list below. Check all that apply
1. Unless he responds to my request in the next 24 hours
2. Therefore, she is able to reprogram the system
3. When he opened the e-mail message
Identify the independent clauses in the list below. Check all that apply.
1. During the opening speaker's presentation.
2. Meanwhile, the executive assistant printed the agenda.
3. Even though fourth quarter numbers improved.
Identify the sentence with correct parallel structure.
1. The systems analyst found that we needed to upgrade our equipment, revise our backup process, and implement better security measures.
2. The systems analyst found that we needed upgraded equipment, revised backup processes, and to implement better security measures.
Choose the best option to complete the sentence.
If you _________, you will do well in this corporation.
1. write well, speak well, and use good interpersonal skills
2. write well, speak well, and are using good interpersonal skills
Answer:
Sentence-level Writinga. Dangling Modifier:
1.
Dangling Modifier: When beginning the meeting
Best Revision: 2. When we were beginning the meeting, the fire alarm went off
2.
Dangling Modifier : taking the train into Boston
Best Revision: Taking the train into Boston, Katie reviewed the meeting minutes.
b. Identifying the dependent clauses:
1. Unless he responds to my request in the next 24 hours
3. When he opened the e-mail message
c. Identifying the independent clauses:
2. Meanwhile, the executive assistant printed the agenda.
d. Identifying the sentence with the correct parallel structure:
1. The systems analyst found that we needed to upgrade our equipment, revise our backup process, and implement better security measures.
e. Best option to complete the sentence:
If you _________, you will do well in this corporation.
1. write well, speak well, and use good interpersonal skills
Explanation:
a. A phrase or clause that is not directly related to the word or words it modifies is called a dangling modifier. Usually, the word a dangling modifier modifies may be absent from the sentence. An example is "when beginning the meeting." The word it modifies may be "we" as in "When we were beginning the meeting, the fire alarm went off."
b. A clause which cannot make a complete sense or sentence is called a dependent clause. It requires another clause to make a complete sense. The clause that makes a complete a complete sentence and can stand alone without another clause is an independent clause.
c. A sentence that has grammatical structure which is balanced is said to have parallelism. This can also be called parallel structure or construction. This means that the items listed follow similar pattern that rhyme with one another. Let us revise the sentence with the wrong parallel structure in this case so as to make it become a parallelism: "The systems analyst found that we needed upgraded equipment, revised backup processes, and better implemented security measures." By this revision, the wrong parallel sentence now has a well-structured parallelism.
A dangling modifier is a phrase or sentence that has no direct connection to the word or words it modifies. The correct options for the dangling modifier are When beginning the meeting and taking the train into Boston, and the correct options for the independent clause are Unless he responds to my request in the next 24 hours, and When he opened the e-mail message.
1.
Dangling Modifier: When beginning the meeting
Best Revision: 2. When we were beginning the meeting, the fire alarm went off
2.
Dangling Modifier: taking the train into Boston
Best Revision: Taking the train into Boston, Katie reviewed the meeting minutes.
b. Identifying the dependent clauses:
1. Unless he responds to my request in the next 24 hours
3. When he opened the e-mail message.
The term that a dangling modifier usually modifies may not even be present in the phrase. An illustration might be "when the meeting starts." The word it modifies can be "we," as in "The fire alarm went off as we were starting the meeting."
A dependent clause is a clause that cannot be used to finish a sentence or make sense on its own. For it to make sense, another sentence is necessary. An independent clause is one that can stand alone without the help of another clause and completes a complete sentence.
Learn more about dependent clauses here:
https://brainly.com/question/1838303
#SPJ6
Three months ago, you purchased a stock for $54.14. The stock is currently priced at $57.36. What is the EAR on your investment?
Answer:
The EAR on the investment is 23.79%
Explanation:
Here, we are concerned with calculating the EAR on the stock investment.
Firstly, we start with calculating the return on shares
Mathematically, that is; P1 - P0
From the question P1 = $57.36 while P0 = $54.14
So Return on shares = $57.36-$54.14 = $3.22
We proceed with calculating the Return on shares in percentage
Mathematically;
Return on shares in % = Return on shares/P0 * 100
= 3.22/54.14 * 100 = 5.95%
Lastly we calculate the effective annual interest;
The effective annual interest = 5.95%/3 * 12 = 23.79%
The EAR on the investment is 23.79%
Calculation of EAR:Since Three months ago, you purchased a stock for $54.14. The stock is currently priced at $57.36.
So, the difference of the price is
= $57.36-$54.14
= $3.22
Now return on shares should be
= 3.22/54.14 * 100
= 5.95%
Now EAR is
= 5.95%/3 * 12
= 23.79%
Learn more about rate here: https://brainly.com/question/19312178
Webcom. Inc. had the following current assets and current liabilities at the end of two recent years:
Current Year (in millions) Previous Year (in millions)
Cash and cash equivalents $8,297 $4,067
Short-term investments, at cost 422 458
Accounts and notes receivable, net 7,041 6,912
Inventories 3,581 3,827
Prepaid expenses and other current assets 1,479 2,377
Short-term obligations 4,815 6,205
Accounts payable 12,774 11,949
Requried:
a. What is the Current Ratio for the current year?
b. What is the Current Ratio for the preceding year?
c. What is the Quick Ratio for the current year?
d. What is the Quick Ratio for the preceding year?
e. What is the Working Capital for the current year?
f. What is the Working Capital for the preceding year?
Answer:
a. Current Ratio for the current year = 1.18
b. Current Ratio for the preceding year = 0.97
c. Quick Ratio for the current year = 0.98
d. Quick Ratio for the preceding year = 0.76
e. Working Capital for the current year = $3,231
f. Working Capital for the preceding year = –$513
Explanation:
Based on the information provided in the question, we first state the following formula to be used before answering the question:
Current asset = Cash and cash equivalents + Short-term investments, at cost + Accounts and notes receivable, net + Inventories + Prepaid expenses and other current assets ................... (1)
Current liabilities = Short-term obligations + Accounts payable ................. (2)
Current ratio = Current assets / Current liabilities ............................ (3)
Quick Ratio = (Current assets - Inventory) / Current liabilities ............... (4)
Working capital = Current assets - Current Liabilities ........................... (5)
We now calculate the answers as follows:
a. What is the Current Ratio for the current year?
Using equation (1), we have:
Current asset for the current year (in millions) = $8,297 + $422 + $7,041 + $3,581 + $1,479 = $20,820
Using equation (2), we have:
Current liabilities for the current year (in millions) = $4,815 + $12,774 = $17,589
Using equation (3), we have:
Current ratio for the current year = $20,820 / $17,589 = 1.18
b. What is the Current Ratio for the preceding year?
Using equation (1), we have:
Current asset for the preceding year (in millions) = $4,067 + $458 + $6,912 + $3,827 + $2,377 = $17,641
Using equation (2), we have:
Current liabilities for the preceding year (in millions) = $6,205 + $11,949 = $18,154
Using equation (3), we have:
Current ratio for the preceding year = $17,641 / 18,154 = 0.97
c. What is the Quick Ratio for the current year?
Using equation (4) and calculations from part a, we have:
Quick Ratio for the current year = ($20,820 - 3,581) / $17,589 = 0.98
d. What is the Quick Ratio for the preceding year?
Using equation (4) and calculations from part b, we have:
Quick Ratio for the preceding year = ($17,641 - 3,827) / $18,154 = 0.76
e. What is the Working Capital for the current year?
Using equation (5) and calculations from part a, we have:
Working Capital for the current year = $20,820 - $17,589 =$3,231
f. What is the Working Capital for the preceding year?
Using equation (5) and calculations from part b, we have:
Working Capital for the preceding year = $17,641 - $18,154 = –$513
A random selection from a deck of cards selects
one card. What is the probability of selecting a spade?
0.050
Correct Answer
0.250
0.077
You Answered
0.025
Answer: 0.250
Explanation:
There are 52 cards in a deck of cards. Out of this there are 13 Spades. The probability of picking a spade at random is therefore;
= 13/52
= 0.250
hi , what is third-party companies??? thank
Answer:
A 'third party', is any entity that a company does business with. This may include suppliers, vendors, contract manufacturers, business partners and affiliates, brokers, distributors, resellers, and agents.
Storm in Bowl is a noodle manufacturer in Texas. It advertises the ingredients used for its product to convince customers that it is safe for consumption. The company has also slashed its prices to ensure affordability for low-income consumers. According to the VALS™ framework, Storm in Bowl is most likely targeting
Answer: Survivors
Explanation:
From the question, we are informed that Storm in Bowl is a noodle manufacturer in Texas and that it advertises the ingredients used for its product to convince customers that it is safe for consumption.
We are further told that the company has also slashed its prices to ensure affordability for low-income consumers. According to the VALS™ framework, Storm in Bowl is most likely targeting survivors.
The survivors are those with low income and have very few resources and are also loyal to a particular brand.
Instead of a dividend of $1.60 per share, the company has announced a share repurchase of $16,000 worth of stock. How many shares will be outstanding after the repurchase?
Answer:
9,690 stocks
Explanation:
some information is missing:
Market Value Balance Sheet
Cash $45,300 Equity $515,300
Fixed assets $470,000
Total $515,300 Total $515,300
total number of shares outstanding = 10,000
stock's market price = $515,300 / 10,000 = $51.53
stocks repurchased = $16,000 / $51.53 = 310.50, but we must round down to 310 stocks
stocks outstanding after repurchase = 10,000 - 310 = 9,690
Barnabas had a very rare necklace that he gave to Willie to hold for him for a few weeks. Barnabas wanted to give the necklace to Victoria for her birthday. Please answer true/false for the following statements.
Barnabas and Willie had a bailment for the sole benefit of Barnabas.
A. False
B. True
If Barnabas gives Victoria the necklace, the necklace is a gift causa mortis.
A. False
B. True
Barnabas would be the donee when he gives Victoria the gift.
A. False
B. True
Willie is the bailee when he receives the necklace from Barnabas.
A. False
B. True
For the gift to be valid, Barnabas only needed to delivery it to Victoria.
Identify if the remedy (relief) is equitable or legal.
direct damages
a. equitable
b. legal
rescission
a. equitable
b. legal
specific performance
equitable /legal
nominal damages
equitable /legal
compensatory damages
a. equitable
b. legal
injunction
a. equitable
b. legal
punitive damages
a. equitable
b. legal
consequential damages
a. equitable
b. legal
Dr. Neil met Mr. Hammond's grandson while they were visiting the Park. His grandson loved dinosaurs and Dr. Neil had written many books on the matter. Dr. Neill happened to have a copy of his latest book on him and thought the grandson would love it. Thus, he signed the book and gave it to him. Identify the party.
The donor in the situation would be:________.
the grandson Dr. Neil
The donee in the situation would be:_______.
the grandson Dr. Neil
Answer:
Answering true/false for the following statements:
Barnabas and Willie had a bailment for the sole benefit of Barnabas.
A. False
B. True
If Barnabas gives Victoria the necklace, the necklace is a gift causa mortis.
A. False
B. True
Barnabas would be the donee when he gives Victoria the gift.
A. False
B. True
Willie is the bailee when he receives the necklace from Barnabas.
A. False
B. True
For the gift to be valid, Barnabas only needed to delivery it to Victoria.
Identify if the remedy (relief) is equitable or legal.
direct damages
a. equitable
b. legal
rescission
a. equitable
b. legal
specific performance
equitable /legal
nominal damages
equitable /legal
compensatory damages
a. equitable
b. legal
injunction
a. equitable
b. legal
punitive damages
a. equitable
b. legal
consequential damages
a. equitable
b. legal
Dr. Neil met Mr. Hammond's grandson while they were visiting the Park. His grandson loved dinosaurs and Dr. Neil had written many books on the matter. Dr. Neill happened to have a copy of his latest book on him and thought the grandson would love it. Thus, he signed the book and gave it to him. Identify the party.
The donor in the situation would be:________.
the grandson Dr. Neil
The donee in the situation would be:_______.
the grandson Dr. Neil
Explanation:
Bailment is the transfer of the rare necklace from Barnabas to Willie so that Willie could hold it for him for a few weeks. Willie is the bailee when he receives the necklace from Barnabas.
Gift causa mortis is a deathbed gift, which is not applicable in this case. The gift here is given inter vivos, that is during the life of Barnabas.
A donee is Victoria who receives the necklace for her birthday. Barnabas is the donor when he gives Victoria the gift.
On January 1, Year 1, St. Clair Corporation issues 7%, 11-year bonds with a face amount of $90,000 for $83,497. The market interest rate is 8%. Interest is paid semiannually on June 30 and December 31. Complete the necessary journal entry for the issuance of the bonds by selecting the account names from the drop-down menus and entering the associated dollar amounts.
Answer:
Cash $83,497 (debit)
Investment in Bonds $83,497 (credit)
Explanation:
On Issuance of Bond, the Bond Issuer must recognize the Assets of Cash at the amount of consideration paid by the Bond Holder (Investor).
Also, the Financial Liability : Investment in Bonds must also be recognized by the Issuer at the same amount that the cash has been recognized at.
During the month of March, Blossom Company’s employees earned wages of $60,000. Withholdings related to these wages were $4,590 for Social Security (FICA), $7,031 for federal income tax, $2,906 for state income tax, and $375 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $656 for state unemployment tax.
1. Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March will be paid during April.
2. Prepare the entry to record the company’s payroll tax expense.
Answer:
1.
March 31,
DR Salaries and Wages Expense ....................$60,000
CR FICA taxes payable ........................................................$4,590
CR Federal income tax payable .........................................$7,031
CR State income tax payable ..............................................$2,906
CR Union dues payable .......................................................$375
CR Salaries and Wages payable ..........................................$45,098
Working
Salaries and Wages payable = 60,000 - 4,590 - 7,031 - 2,906 - 375
= $45,098
2.
DR Payroll taxes payable ...................................$5,246
FICA taxes payable .................................................................$4,590
State unemployment taxes payable ....................................$656
Working
Payroll taxes payable = 4,590 + 656
= $5,246
Paid for wages Rs. 2000 and for commission Rs. 3000. Journal entry for this?
Answer:
Wages A/c Dr.
To cash A/c
(being wages paid)
Commission A/c Dr
To cash A/c
(being comission paid)
As the correlation between assets falls... Group of answer choices portfolio variance is not affected by correlation portfolio variance falls portfolio variance rises
Answer:
The correct answer is C) Portfolio Variance rises.
Explanation:
The association between two assets reflects the degree to which both assets are related. As the correlation between two assets decreases, the variation in portfolios increases.
Investment portfolios can be protected with the creative use of Correlation Diversification .
The less correlated assets are, the less risky an investment portfolio is.
Cheers!
rdier attached to a life insurance policy that provides coverage on the insureds family members is called the
Answer: Other insured rider
Explanation:
The rider that is attached to a life insurance policy that provides coverage on the insureds family members is referred to as the other insured rider.
When more than one member of a particular family is to be provided insurance for, this type of rider is typically used.