Answer:
sorry sir you would have to do this on your own
Off-shoring Money allows
companies and individuals to
invest money into
accounts to stall taxation.
A. temporarily
B. indefinitely
C. permanently
You were hired as a consultant to Quigley Company, whose target capital structure is 35% debt, 10% preferred, and 55% common equity. The interest rate on new debt is 6.50%, the yield on the preferred is 6.00%, the cost of common from retained earnings is 11.25%, and the tax rate is 40%. The firm will not be issuing any new common stock. Quigley's WACC is closest to: 8.15% 8.48% 8.82% 9.17% 9.54%
Answer:
8.15 %
Explanation:
Weighted Average Cost of Capital (WACC) is the business Cost of permanent sources of finance pooled together. It shows the risk of the business and is used to evaluate projects.
WACC = Cost of Equity x Weight of Equity + Cost of Preferred Stock x Weight of Preferred Stock + Cost of Debt x Weight of Debt
Remember to use the After tax cost of debt :
After tax cost of debt = Interest x ( 1 - tax rate)
= 6.50% x (1 - 0.40)
= 3.90 %
therefore,
WACC = 11.25% x 55% + 6.00% x 10% + 3.90 % x 35%
= 8.15 %
Thus,
Quigley's WACC is closest to 8.15 %.
On Thursday, Justin flies from Baltimore (where the office for his sole proprietorship is located) to Cadiz (Spain). He conducts business on Friday and Tuesday; vacations on Saturday, Sunday, and Monday (a legal holiday in Spain); and returns to Baltimore on Thursday. Justin is scheduled to return home on Wednesday, but all flights were canceled due to bad weather. As a result, he spends Wednesday watching floor shows at a local casino. Days where travel is attempted/cancelled is counted as a travel day under tax law. Justin is self-employed.
Required:
a. For tax purposes, what portion of Justin's trip regarded as being for business?
b. Suppose Monday was not a legal holiday. Would this change your answer in part (a) ? Explain?
c. Under either part (a) or (b), how much of Justin's airfare qualifies as a deducible business expense?
Answer:
a) 100%
b) Yes
c) Total airfare
Explanation:
A) For tax purposes the portion of Justin's trip that is regarded as being for business is 100% and this is because we can consider weekends and Holidays as business days if they are preceded by a business day and also succeeded by a business day(s) also considering that Justin's flight was delayed from Wednesday to Thursday
B) Yes it will affect my answer because it would mean that Saturday, Sunday and Monday will become Non-business days
C) The total cost of the Airfare qualifies as deductible business expense in both A and B
Required information Exercise 10-11 Effects of Changes in Profits and Assets on Return on Investment (ROI) [LO10-1] Skip to question [The following information applies to the questions displayed below.]
Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as needed, are evaluated based largely on return on investment (ROI). The company's Springfield Club reported the following results for the past year:
Sales $ 780,000
Net operating income $ 17,940
Average operating assets $ 100,000
The following questions are to be considered independently.
Assume that the manager of the club is able to reduce expenses by $3,120 without any change in sales or average operating assets.
What would be the club’s return on investment (ROI)? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
Fitness Fanatics
Springfield Club
The return on investment (ROI) = = 21.06%
Explanation:
a) Data and Calculations:
Sales $ 780,000
Net operating income $ 17,940
Average operating assets $ 100,000
1. Assume that the manager of the club is able to reduce expenses by $3,120 without any change in sales or average operating assets, the return on investment would be:
= Net operating income/Average operating assets * 100
= ($ 17,940 + $3,120)/$ 100,000 * 100
= 21.06%
b) The return on investment metric measures an entity's financial performance, using the annual returns and average operating assets or initial investment cost.
A firm with unlimited funds must evaluate five projects. Projects 1 and 2 are independent and Projects 3, 4, and 5 are mutually exclusive. The projects are listed with their returns. A ranking of the projects on the basis of their returns from the best to the worst according to their acceptability to the firm would be ________.
Answer:
4, 1, 2,
Explanation:
Here are the projects and their returns
Project Return (%)
1 14
2 12
3 10
4 15
5 12
the firm should choose the project with the highest returns
Projects are mutually exclusive if the projects cannot occur at the same time. If one project is chosen, the others cannot be chosen.
Project 3,4,5 are mutually exclusive. If one of the projects are chosen, other projects cannot be chosen.
Project 4 has the highest return, so it would be chosen first.
the next project with the next highest return is project 1 and then project 2
The Bay Street Bakery (BSB) has a respected following. When it moved the business to a famous resort area, it took a big risk; however, the owners were confident that its unique European style cookies and pastries would win customer raves. And they were right! Fortunately, one of the members of the family business was convinced that BSB needed to stay in touch with its loyal customers. When customers visited the bakery, the business collected names and addresses in order to send messages about promotions and coupons to valued customers. Marketing professionals refer to this strategy as:
Answer: c. customer relationship management.
Explanation:
Customers are the most important part of the business because they are the ones that patronize it. This is why some businesses try their best to establish a relationship with customers such that the customers keep coming back as well as recommending their business to potential customers as well.
Strategies that are related to ensuring the above fall under Customer Relationship Management. One such strategy is described in the scenario above and that is the maintenance of customer contact details in order to send them messages related to promotions and coupons so that they may keep patronizing the company.
Many college students are more focused on getting a job after graduation than on planning for their careers. Even if you are not currently pursuing your dream job, successfully managing your career requires many career readiness competencies that employers are already looking for, including self-awareness, self-motivation, ownership/accepting responsibility, and openness to change. This activity is important because enhancing these skills will make you a more attractive job candidate in addition to increasing your ability to manage your career.
The goal of this exercise is to challenge your knowledge of tips for managing your career.
1. Angèle breaks her workday into two main chunks. She reserves the first half of the day—the morning, when she is most productive—for activities that are time-consuming, complex, and don't produce any immediate gratification. She then spends the afternoons catching up on emails and other personally satisfying, albeit mindless, work tasks.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
2. Darnell runs into the CEO of his company while attending a conference in another state. Darnell takes the rare one-on-one opportunity to tell the her about the success he and his team have had on a recent company project.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
3. Wesley loves his current job. However, he still views every new project as an opportunity to gain valuable skills that will make him more marketable to other companies.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
4. Esteban treats every interaction at work as a job interview. He wants his coworkers, subordinates, and supervisors to know that he is a dedicated, conscientious, and hard-working person.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
5. Teresa is the VP of Human Resources at her company. Next week she is attending a training to bring her up to speed on the latest in medical marijuana legislation and how it will impact organizational policies in her state.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
6. Luke thinks he is losing ground on the younger workers in his company because he continuously has to ask them for help with technology-related matters. Luke decides to enroll in some seminars on social media management so that he can update his skill set.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
7. In her LinkedIn profile, Reena lists the major projects she has led successfully with her current employer. For each project, she notes the impact that the project had on the organization's financial performance.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
8. Brandy is offered an interview for her dream job. She spends several days emailing back and forth with the interviewer's administrative assistant to get things set up. The assistant is impressed by his interactions with Brandy because she is prompt and respectful in her responses to him. He passes this information along to his boss.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
9. Monique is quitting her job and moving to another state because her partner was offered a tremendous job there. Monique is excited about the opportunity to recharge and refocus her own career.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
10. Khalil researches the norms for attire at each company he plans to interview with. This way he can be certain to dress according to specific organizational expectations.
(Click to select)
Make every day count
Stay informed and network
Promote yourself
Roll with change and disruption
Small things matter during interviews
Answer:
1. Angèle ⇒ Make everyday count
She tries to get as much done as possible in the day.
2. Darnell ⇒ Promote yourself
Darnell promotes the work that he and his team has done to a higher ranking person, his CEO.
3. Wesley ⇒ Roll with change and disruption
Wesley is fine with being in his current job or going to another one (change).
4. Esteban ⇒ Promote yourself
He wants everyone to think highly of him and so is promoting himself.
5. Teresa ⇒ Stay informed
Teresa is keeping abreast of information in marijuana legislation.
6. Luke ⇒ Stay informed
Luke is trying to stay informed with technological innovation.
7. Reena ⇒ Promote yourself.
Reena is promoting herself and her achievements on social media.
8. Brandy ⇒ Small things matter during interviews
Her respect for professional etiquette in responding to the interview assistant was a small thing that is likely to go a long way to helping her pass the interview.
9. Monique ⇒ Roll with change and disruption
Her life has been changed and disrupted by this move yet she is excited and looking forward to it. She is rolling with change.
10. Khalil ⇒ Small things matter during interviews
Khalil is trying to dress appropriately for the interview. He is taking an interest in the company's aesthetic values which shows he is paying attention to detail - the smaller things.
1. The petty cash fund of the Brooks Agency is established at $280. At the end of the current period, the fund contained $198 and had the following receipts: entertainment, $50; postage, $24; and printing, $8. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period.
Answer:
1a
Dr Petty cash $ 280
Cr Cash $ 280
1b
Dr Entertainment $ 50
Dr Postage $ 24
Dr Printing $ 8
Cr Cash $ 82
Explanation:
A. Preparation of the journal entries to record establishment of the fund
Dr Petty cash $ 280
Cr Cash $ 280
( To record petty cash fund created)
1b. Preparation of the journal entries to record
reimbursement of the fund at the end of the current period.
Dr Entertainment $ 50
Dr Postage $ 24
Dr Printing $ 8
Cr Cash $ 82
(50+24+8)
(To Record reimbursement of the fund)
Locke Inc has a machine that installs tires. The machine is now in need of repair. The machine originally cost $10,000 and the repair will cost $1,000, but the machine will then last two years. The labor cost of operating the machine is $0.50 per tire. Instead of repairing the old machine, Locke could buy a new machine at a cost of $5,000 that would also last 2 years; the labor cost would then be reduced to $0.25 per tire.
Required:
Should Williams repair or replace the machine if it is installing 10,000 tires in the next two years?
Answer: William should replace the machine with a new one because over that 2 year span he will be losing less money, if he were to repair he would lose more money.
Explanation:
After comparing the manufacturing costs in the United States and in offshore locations, Alpha Manufacturing has decided to move its operations offshore to increase its profits by reducing manufacturing costs. In the given scenario, Alpha Manufacturing has most likely conducted a ______, a form of utilitarianism commonly applied by firms and government.
Answer:
Cost-benefit analysis.
Explanation:
Cost-benefit analysis is used to examine and compare the cost associated with a project or task and the benefits derived from it.
In the given scenario, Alpha Manufacturing has most likely conducted a cost-benefit analysis, a form of utilitarianism commonly applied by firms and government. Also, it is essentially used by various organizations or business firms in the decision-making process, as all the cost incurred are determined.
Additionally, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Fixed costs can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Some examples of fixed costs in business are loan payments, employee salary, depreciation, rent, insurance, lease, utilities etc.
On January 1, 2021, the Allegheny Corporation purchased equipment for $295,000. The estimated service life of the equipment is 10 years and the estimated residual value is $20,000. The equipment is expected to produce 280,000 units during its life.
Required:
Calculate depreciation for 2021 and 2022 using each of the following methods.
a. Sum-of-the-years'-digits.
b. One hundred fifty percent declining balance.
Answer:
a.
2021 = $50,000
2022 = $45,000
b.
2021 = $275,000
2022 = $0
Explanation:
a. Sum-of-the-years'-digits.
Sum of digits for the 10 years will be :
Year 1 = 10
Year 2 = 9
Year 3 = 8
Year 4 = 7
Year 5 = 6
Year 6 = 5
Year 7 = 4
Year 8 = 3
Year 9 = 2
Year 10 = 1
Sum of Digits = 55
therefore,
2021 depreciation = 10/55 x ($295,000 - $20,000)
= $50,000
2022 depreciation = 9/55 x ($295,000 - $20,000)
= $45,000
b. One hundred fifty percent declining balance.
2021 depreciation = 150% x ($295,000 - $20,000)
= $412,500
Can not be charged above book value of $275,000
2022 depreciation = 150% x ($295,000 - $20,000- $412,500)
= $0
NuPress Valet has a proposed investment with an initial cost of $62 million and cash flows of $12.5 million for 5 years. Debt represents 44 percent of the capital structure. The cost of equity is 13.7 percent, the pretax cost of debt is 8.5 percent, and the tax rate is 34 percent. What is the company’s WACC?
Answer:
WACC= 10.14%
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.
WACC = (Wd×Kd) + (We×Ke)
After-tax cost of debt = Before tax cost of debt× (1-tax rate)
Kd-After-tax cost of debt
Ke-Cost of equity
Wd-Weight f debt
We-Weight of equity
After tax cost of debt = (1-T)× Before-tax yield on debt
= (1-0.34)× 8.5%
=5.61%
Cost of equity = 13.7%
WACC = (Wd×Kd) + (We×Ke)
We= 100-44=56%, Wd= 44%
WACC= (5.61%× 44%) + (13.7%× 56%)
= 10.14%
WACC= 10.14%
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Answer:
what this?
Explanation:
thanks for the points have great day im so sorry if this was suppose to be an educational question
Ramses Corporation produces a product that passes through two processes. During April, the first department transferred 19,000 units to the second department. The cost of the units transferred was $30,000. Material are added uniformly in the second process. The following information is provided about the second department's operations during October:
Units: beginning work-in-process, 4,000
Units: ending work-in-process, 5,500
A) Calculate the number of units started in the second department during April.
B) Calculate the number of units completed in the second department during April.
C) Calculate the number of units started and completed in the second department during April.
Answer: See explanation
Explanation:
A. The number of units started in the second department during April will be the number of units that is transferred in from the first department. This will be
= 19000 units
B. The number of units completed in the second department during April will be:
= Beginning units + Started Unit - Ending units
= 4000 + 19000 - 5500
= 17500 units
C. The number of units started and completed in the second department during April will be:
= Completed units - units in beginning WIP
= 17500 – 4000
= 13500 units.
The ABCD Partnership has the following balance sheet at January 1, 2017, prior to the admission of new partner, Eden. Cash and current assets $ 39,000 Liabilities $ 52,000 Land 234,000 Adams, capital 26,000 Building and equipment 130,000 Barnes, capital 52,000 Cordas, capital 117,000 Davis, capital 156,000 Total $ 403,000 Total $ 403,000 Eden acquired a 20% interest in the partnership by contributing a total of $71,500 directly to the other four partners. Goodwill is to be recorded. Profits and losses have previously been split according to the following percentages: Adams, 15%; Barnes, 35%; Cordas, 30%; and Davis, 20%. After Eden made his investment, what were the individual capital balances
Answer:
Adam = $26,000, Barnes = $52,000, Cordas = $117,000, Davis = $156,000 & Eden = $87,750
Explanation:
Net Assets before admission of Eden= $403,000-$52,000 (liabilities) = $351,000. So, this will be 80% i.e (100-20%) after admission of Eden. So, proportionate value = $351,000/80*100 = $438,750
Net assets after admission of Eden = $351,000 + $71,500 = $422,500. So, the difference = $438,750 - $422,500 = $16,250
Goodwill = Eden's proportionate share - Invested Money
Goodwill = [$438,750*20%] - $71,500
Goodwill = $87,750 - $71,500
Goodwill = $16,250
Journal Entry will be:
Cash a/c Dr $71,500
Goodwill a/c Dr $16250
To Eden's capital a/c $87,750
Individual capital account balances:
Adam = $26,000
Barnes = $52,000
Cordas = $117,000
Davis = $156,000
Eden = $87,750
Portions of the financial statements for Clear Transmissions Company are provided below.
CLEAR TRANSMISSIONS COMPANY
Income Statement
For the Year Ended December 31, 2021 ($ in thousands)
Sales $ 2,160
Cost of goods sold 864
Gross margin 1,296
Salaries expense $ 388
Depreciation expense 250
Amortization expense 38
Interest expense 96
Loss on sale of cash equivalents 20 792
Income before taxes 504
Income tax expense 252
Net Income 252
CLEAR TRANSMISSIONS COMPANY
Selected Accounts from Comparative Balance Sheets
December 31, 2021 and 2020 ($ in 000s)
Year
2021 2020 Change
Cash 135 128 7
Accounts receivable 259 274 (15 )
Inventory 464 478 (14 )
Accounts payable 198 190 8
Salaries payable 106 114 (8)
Interest payable 54 48 6
Income tax payable 45 38 7
Required:
Prepare the cash flows from operating activities section of the statement of cash flows for Clear Transmissions Company using the indirect method. (Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)
Answer:
Clear Transmissions Company
Clear Transmissions Company
Statement of Cash Flows for the year ended December 31, 2021
Operating activities: ($ in 000s)
Net Income $252
Depreciation expense 250
Amortization expense 38
Loss on sale of cash equivalents 20
Changes in working capital:
Accounts receivable 15
Inventory 14
Accounts payable 8
Salaries payable (8)
Interest payable 6
Income tax payable 7
Cash flow operations $602
Explanation:
a) Data and Calculations:
CLEAR TRANSMISSIONS COMPANY
Income Statement
For the Year Ended December 31, 2021 ($ in thousands)
Sales $ 2,160
Cost of goods sold 864
Gross margin 1,296
Salaries expense $ 388
Depreciation expense 250
Amortization expense 38
Interest expense 96
Loss on sale of cash equivalents 20 792
Income before taxes 504
Income tax expense 252
Net Income 252
CLEAR TRANSMISSIONS COMPANY
Selected Accounts from Comparative Balance Sheets
December 31, 2021 and 2020 ($ in 000s)
Year 2021 2020 Change
Cash 135 128 7
Accounts receivable 259 274 (15 )
Inventory 464 478 (14 )
Accounts payable 198 190 8
Salaries payable 106 114 (8)
Interest payable 54 48 6
Income tax payable 45 38 7
g Excess reserves refer to the Multiple Choice difference between a bank's vault cash and its reserves deposited at the Federal Reserve Bank. minimum amount of actual reserves a bank must keep on hand to back up its customers deposits. difference between actual reserves and loans. difference between actual reserves and required reserves.
Answer:
difference between actual reserves and required reserves.
Explanation:
Banks must follow government regulations regarding the amount of required reserves that they must hold. Any amount of reserves over the required reserves are considered excess reserves. For example, a bank has $100 in reserves and the required reserves are $80, then the excess reserves = $20.
Laura, a sales manager at Dexter Inc., claims that labor and management are rivals for most organizations. Brooke, the HR manager, says she is aware of exceptions. Which statement best supports Brooke's perspective? Question 34 options: After the 1980s, most unions and organizations have acted more like adversaries. Examples of cooperation between labor and management include employee involvement in decision making and self-managing teams. Finding win-win solutions is almost impossible because unions and management have conflicting goals. Organizations often define jobs narrowly, which is a sign of cooperation. Creating a union necessarily forces employers to pay more wages, which results in loss of profits.
Answer:
Dexter Inc.
The statement that best supports Brooke's perspective is:
Examples of cooperation between labor and management include employee involvement in decision making and self-managing teams.
Explanation:
When labor and management act as rivals or adversaries, it does not benefit their organizations. They should find common grounds for cooperation. Organizations should involve their employees in more decision-making. Despite their incongruent goals, unions and management should find win-win solutions. Paying employees a living wage does not impoverish the organization. On the contrary, everybody is greatly enriched.
Hirons Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $57,740 per month plus $3,006 per flight plus $17 per passenger. The company expected its activity in November to be 85 flights and 257 passengers, but the actual activity was 88 flights and 259 passengers. The actual cost for plane operating costs in November was $315,650. The spending variance for plane operating costs in November would be closest to:
Answer:
$10,721
Explanation:
Particulars Amount
Flexible budget ($57,440+($3,006*88)+($17*259)] $326,371
Actual results $315,650
Spending variance $10,721
Thus, the spending variance for plane operating costs in November would be $10,721.
On December 1, a six-month liability insurance policy was purchased for $1,134. Analyze the required adjustment as of December 31 using T accounts, and then formally enter this adjustment in the general journal. (Trial balance is abbreviated as TB.)
Answer and Explanation:
As the insurance policy would be for 6 months
So per month it is
= $1,134 ÷ 6 months
= $189
Now the T account is
Prepaid insurance
Opening balance $1,134 Insurance expense $189
balance $945
Income statement
Adjustment $189
Journal entry
Insurance expense $189
To Prepaid insurance $189
(Being insurance expense is recorded)
Waldo Company has been approached about providing a new service to its clients. The company will bill clients $160 per hour; the related hourly variable and fixed operating costs will be $70 and $24, respectively. If all employees are currently working at full capacity on other client matters, the per-hour opportunity cost of being unable to provide this new service is:
Answer:
$90 per hour
Explanation:
Opportunity cost means the benefit one have forgone, for choosing another alternative. Opportunity cost of being unable to provide new service = Billing price - Variable cost per hour. Here, fixed cost is not considered because it will be incurred irrespective of the capacity of working.
So, Opportunity cost = $160 - $70 = $90 per hour
ABC Motors ordinarily deals in used cars and does some amount of repair work. Robby entrusted his automobile to ABC Motors to have the oil changed and get new brakes. The car was parked in the lot along with other cars, some of which were for sale. The manager of ABC Motors accidentally sold the car to Connie because she saw it and took it upon herself to offer a good price. The manager was attempting to increase the shop's profit margin. Connie had no idea that the car did not belong to ABC Motors. When Robby went to pick up the car, he was very upset that it was gone. The manager told Robby that he was very sorry, but that he was not negligent and only made an honest mistake. According to the manager, Robby accepted the risk of this type of loss, and his only recourse was against Connie. Which of the following is true regarding the manager's statement that Robby's only recourse is against Connie?
a. The manager is correct.
b. The manager is correct only if Connie's deal was for less than 10% of the fair market value of the car.
c. The manager is incorrect only if Robby has a writing signed by a representative of the repair shop guaranteeing the safety of the car.
d. Because the sale to Connie was an accident, the manager is correct only if Connie can be found and served with process.
e. The manager is incorrect.
Answer: e. The manager is incorrect.
Explanation:
Based on the information given in the question, the statement that's true regarding the manager's statement that Robby's only recourse is against Connie is that the manager is incorrect.
It should be noted that Connie wasn't aware that the car didn't belong to ABC motors thereby Robby's only recourse is not against Connie. The manager should be able to protect the vehicles brought to the company. In this case, the company is liable and Robby can take up a case against them.
Therefore, the correct option is E
According to Value Line, Bestway has a beta of 1.15. If 3-month Treasury bills currently yield 7.9% and the market risk premium is estimated to be 8.3%, what is Bestway's cost of equity capital?
a. 16.2%
b. 9.55%
c. 8.36%
d. 17.45%
Answer:i think its b
Explanation:
Clark's Chemical Company received refundable deposits on returnable containers in the amount of $102,000 during 2021. Thirteen percent of the containers were not returned. The deposits are based on the container cost marked up 35%. What is cost of goods sold relative to this forfeiture
Answer:
$9,822
Explanation:
Calculation to determine the cost of goods sold relative to this forfeiture
Cost of goods sold=($102,000 x 13%) ÷(100+35%)
Cost of goods sold=($102,000 x 13%) ÷ 135% =
Cost of goods sold=$13,260÷135%
Cost of goods sold=$9,822
Therefore the cost of goods sold relative to this forfeiture is $9,822
Marcia, age 28, charges all her groceries on her credit card. Yes,no,Depends and why?
Answer:
The answer is 'depends'.
Explanation:
We don't know her exact reasoning for wanting to use a credit card each time but we don't have enough information to 100% say that she does or she doesn't. It depends on what she's buying, when, and why.
Suppose that Ava withdraws $300 from her savings account at Second Bank. The reserve requirement facing Second Bank is 10%. Assume the bank does not wish to hold any excess reserves of new deposits. Use this information to complete the balance sheet below to show how Second Bank's assets and liabilities change when Ava withdraws the $300 from the bank. Instructions:
Write your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
A Simple Bank Balance Sheet
Assets Liabilities
Change in Reserves: Change in Deposits:
Change in Loans:
Answer:
simple bank balance sheet
Explanation:
hope you get it
Jack and Jill are the only two residents in a neighborhood, and they would like to hire a security guard. The value of a security guard is $50 per month to Jack and $150 per month to Jill. The competitive wage for a security guard is $120 per month, and irrespective of who pays the guard, the guard will protect the entire neighborhood. Furthermore, suppose Jack earns $1,000 per month and Jill earns $11,000 per month.
Required:
a. What is the most a guard can charge per month and still be assured of being hired by at least one of them?
b. Suppose the competitive wage for a security guard is $120 per month. The local government proposes a plan whereby Jack and Jill each pays 50 percent of this monthly fee, and asks them to vote on this plan. Will the plan be voted in? Would economic surplus be higher if the neighborhood had a guard?
Answer:
Jack and Jill
a. The most a guard can charge per month and still be assured of being hired by at least one of them = $120
b. The vote will be 50 - 50. The local authority will decide since there is a 50 - 50 chance.
The economic surplus would be higher if the neighborhood had a guard by $80 ($200 - $120).
Explanation:
a) Data and Calculations:
Value of a security guard to Jack = $50 per month
Value of a security guard to Jill = $150 per month
Total value = $200 per month
Competitive wage for a security guard = $120 per month
Harvey Hotels has provided a defined benefit pension plan for its employees for several years. At the end of the most recent year, the following information was available with regard to the plan: service cost: $6.2 million, expected return on plan assets: $1.2 million, actual return on plan assets: $1 million, interest cost: $1.4 million, payments to retired employees: $2 million, and amortization of prior service cost (created when the pension plan was amended causing a drop in the projected benefit obligation): $1.1 million. What amount should Harvey Hotels report as pension expense in its income statement for the year? Group of answer choices $7.5 million $8.7 million $7.7 million $1.4 million
Answer:
$7.5 million
Explanation:
Calculation to determine What amount should Harvey Hotels report as pension expense in its income statement for the year
Service cost $6.2 million
Add Interest cost $1.4 million
Less Expected return on plan assets($1.2 million)
Add Amortization of prior service cost $1.1 million
Pension expense $7.5 million
Therefore the amount that Harvey Hotels should report as pension expense in its income statement for the year is $7.5 million
g If the Fed were to set policy according to the Taylor rule, then if real GDP falls by 2 percent below potential GDP, the Fed should Multiple Choice raise the real federal funds rate by 1 percentage point. reduce the real federal funds rate by 1 percentage point. raise the inflation rate by 1 percentage point. change the real federal funds rate until inflation hits the target rate of 4 percent.
Answer: reduce the real federal funds rate by 1 percentage point
Explanation:
According to the Taylor Rule, the Fed should use monetary policy to stimulate the economy when it dips below the potential GDP.
One way it can do this is to reduce interest rates. This will make the cost of borrowing less and convince both people and businesses to borrow money. They can then spend and invest this money which would contribute to both consumption and investment spending thereby ultimately increasing GDP.
They can reduce interest rates by reducing the federal funds rate.
At the time of his death on July 9, Aiden held rights in the following real estate: Fair Market Value (on July 9) Apartment building $2,100,000 Tree farm 1,500,000 Pastureland 750,000 Residence 900,000 The apartment building was purchased by Chloe, Aiden's mother, and is owned in a joint tenancy with her. The tree farm and pastureland were gifts from Chloe to Aiden and his two sisters. The tree farm is held in joint tenancy, and the pastureland is owned as tenants in common. Aiden purchased the residence and owns it with his wife as tenants by the entirety. Compute Aiden's gross estate based on the scenarios:
Answer:
The answer is [tex]\$1,200,000[/tex]"".
Explanation:
[tex]\to [\$500,000 (\frac{1}{3} \times \$1,500,000) + \$250,000 (\frac{1}[3} \times \$750,000 + \$450,000 (\frac{1}[2} \times \$900,000]\\\\\\to \$1,200,000[/tex]
Though this tree farm is jointly held, Aiden is assumed to have given 1/3 of the treatment because his mother gave her a gift to create the lease. The tenancy of the major chunk is subjected to the fifty percent spouse exclusion rule. None of the structures is included as Chloe does not escape Aiden.