The allocation of total cost among the three assets is Land = $175,324.50, Land Improvements = $38,961, and Building = $175,324.50.
The journal entry will include Dr Land $175,324.50, Dr Land Improvements $38,961, Dr Building $175,324.50, and Cr. Cash $389,610.
To allocate the total cost among the three assets, follow these steps:1. Determine the total appraised value of all assets:
Land ($207,000) + Land Improvements ($46,000) + Building ($207,000) = $460,000
2. Calculate the allocation percentages for each asset:
Land (207,000/460,000) = 45%,
Land Improvements (46,000/460,000) = 10%, and
Building (207,000/460,000) = 45%.
3. Allocate the purchase price of $389,610 based on the allocation percentages:
Land (389,610 x 0.45) = $175,324.50,
Land Improvements (389,610 x 0.10) = $38,961, and
Building (389,610 x 0.45) = $175,324.50.
To record the journal entry for the purchase:The three assets with their respective allocated costs are debited and cash is credited. Hence, the journal entry is:
1. Debit Land for $175,324.50
2. Debit Land Improvements for $38,961
3. Debit Building for $175,324.50
4. Credit Cash for $389,610 (the total purchase price)
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what was the percentage increase in the median nominal price of a new house between 1980 and 2019? round your answer to the nearest percent.
The percentage increase in the median nominal price of a new house between 1980 and 2019 was approximately 293% which is the answer in nearest percent.
The median nominal price of a new house in the United States increased from $64,600 in 1980 to $220,300 in 2019.
To find the percentage increase, we can use the following formula:
Percentage increase = (final value - initial value) / initial value × 100
Using this formula, we can calculate the percentage increase in the median nominal price of a new house between 1980 and 2019 as follows:
Percentage increase = ($220,300 - $64,600) / $64,600 × 100
Percentage increase = $155,700 / $64,600 × 100
Percentage increase = 2.41079 × 100
Percentage increase ≈ 241%
Rounding this to the nearest percent gives us an answer of approximately 239%.
The percentage increase in the median nominal price of a new house between 1980 and 2019 was approximately 293%.
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which of the following would be the least effective reference? a. your boss at your part-time job b. your grandfather who is a small business owner c. your neighbor for whom you do odd jobs d. your guidance counselor please select the best answer from the choices provided a b c d mark this and return
The least effective reference among the choices provided would be your grandfather who is a small business owner. The correct option is B.
When choosing a reference for a job application, it is important to consider the relevance and credibility of the reference. References from family members are generally considered less reliable and unbiased compared to other sources. An effective reference is someone who can attest to your skills, qualifications, and character in a professional setting.
The best references are those who know you well, have worked with you, and can provide specific examples of your work ethic, strengths, and achievements. Employers often prefer references from previous supervisors, colleagues, or clients who can give a firsthand account of your work performance and abilities.
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if you decide not to pay an effective interest rate on a credit card above 15%, what is the maximum apr that you will be ready to pay a card for which the interest is compounded daily? group of answer choices 13.98% 12.86% 14.25% 13.25%
The highest APR you'll be prepared to pay on a card with daily cumulative interest is 13.98 if you choose not to pay an effective interest rate on a credit card that is higher than 15%. Here option A is the correct answer.
The effective interest rate is the rate that takes into account the compounding of interest. The formula for converting an APR to an effective interest rate is Effective Interest Rate = (1 + (APR / n)) ^ n - 1, where n is the number of compounding periods per year.
Plugging in an APR of 13.98% into the formula, we get:
Effective Interest Rate = (1 + (0.1398 / 365)) ^ 365 - 1
Solving this equation gives us an effective interest rate of approximately 14.93%, which is just under 15%.
In this case, since the interest is compounded daily, n would be 365. Plugging in the given APRs into the formula, we find that an APR of 13.98% results in an effective interest rate of just under 15%.
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Complete question:
If you decide not to pay an effective interest rate on a credit card above 15%, what is the maximum apr that you will be ready to pay a card for which the interest is compounded daily? group of answer choices
A - 13.98%
B - 12.86%
C - 14.25%
D - 13.25%
which of the following labels would only show up in the indirect method of the cash flow statement? group of answer choices ending balance of cash cash used by operations beginning balance of cash net income
In the cash flow statement, the indirect method begins with the net income figure from the income statement. So, correct option is D.
Adjustments are made to the net income figure to convert it from an accrual basis to a cash basis. Therefore, items that are directly related to the net income, such as depreciation and amortization, changes in current assets and liabilities, and non-cash expenses and revenues are shown in the indirect method.
Among the options provided, only "cash used by operations" and "net income" would appear in the indirect method of the cash flow statement. The ending balance and beginning balance of cash are shown in the reconciliation of the opening and closing cash balances in the statement of cash flows.
In summary, the indirect method shows the operating activities of a company and the adjustments made to convert net income from accrual to cash basis, while the direct method shows the actual inflows and outflows of cash during the period.
Therefore, correct option is D.
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the modern consensus about macroeconomic policy is that: a both expansionary monetary and fiscal policies can reduce unemployment in the long run. b discretionary monetary and fiscal policies are effective in the short run and in the long run. c discretionary monetary and fiscal policies are effective in the long run, but not in the short run. d only monetary policy works against recessions but fiscal policy is effective only in the long run. e both expansionary monetary and fiscal policies are effective in the short run but not in the long run.
The modern consensus about macroeconomic policy is that B) discretionary monetary and fiscal policies are effective in the short run and in the long run.
This means that both expansionary monetary and fiscal policies can reduce unemployment in the long run, while also being effective in the short term. Discretionary monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates in an effort to stabilize the economy.
In the short run, expansionary monetary policy can increase aggregate demand, leading to a boost in economic activity and a reduction in unemployment. In the long run, monetary policy can also impact the rate of inflation, which is a crucial factor in determining the overall health of the economy.
Fiscal policy, on the other hand, refers to the actions taken by a government to influence the economy through spending and taxation policies. Expansionary fiscal policy can increase government spending, leading to an increase in aggregate demand and a reduction in unemployment in the short run. In the long run, fiscal policy can also have an impact on economic growth, productivity, and competitiveness.
While both monetary and fiscal policies are effective in the short and long term, they are not without limitations. In particular, the effectiveness of these policies may be constrained by factors such as the availability of resources, the level of debt, and the state of the global economy. Additionally, the effectiveness of these policies may vary depending on the specific circumstances of the economy in question.
Overall, the modern consensus about macroeconomic policy is that a combination of both discretionary monetary and fiscal policies can be effective in reducing unemployment in both the short and long term. However, the precise mix of policies that is appropriate will depend on a range of factors specific to each economy.
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a vehicle manufacturer makes base models using a large-scale production process. it also partners with small companies that help customize its vehicles, thus offering a wide range of packages involving a variety of chassis colors, upholstery designs, music systems, gps devices, and passenger safety options. the company's approach to its service offering is an example of .
The company's approach to its service offering is an example of Mass Customization.
Mass customization is a business strategy that aims to offer customized goods and services to consumers by responding to their needs on a mass scale. It is a business strategy that seeks to satisfy clients by giving them what they want when they want it, all while maintaining the benefits of mass production.
A vehicle manufacturer is a company that produces or assembles automobiles, trucks, buses, motorcycles, or any other form of motorized transportation. In addition to building cars, a vehicle manufacturer may also be involved in the development and testing of new car models and technologies, as well as the marketing and distribution of their goods.
To sum up, the company's approach to its service offering is an example of Mass Customization.
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a couple, both engineering alums from a reputable engineering school has decided to set up an endowment to help pay for 4 engineering scholarships at the rate of $x per year starting year 21 perpetually. if $200,000 is invested in the trust today and if it earns a very good rate of return of 12% per year, what will the amount of each scholarship starting year 21?
The amount of each engineering scholarship starting year 21 will be $521,608.81
To determine the amount of each scholarship starting year 21, we need to first calculate the total amount of money that will be available each year for the scholarships. Here we have to use compound interest concept
Since $200,000 is invested today and will earn a rate of return of 12% per year, the value of the investment after 20 years (at the start of year 21) will be
$200,000 × (1 + 0.12)^20 = $2,086,435.22
This means that there will be $2,086,435.22 available for the scholarships starting in year 21.
Since the endowment is meant to fund 4 engineering scholarships at the rate of $x per year, the amount of each scholarship can be calculated as follows
Amount of each scholarship = Total available funds / Number of scholarships
Amount of each scholarship = $2,086,435.22 / 4
Amount of each scholarship = $521,608.81
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the budgeted income statement presented below is for burkett corporation for the coming fiscal year. if burkett corporation achieves the budgeted level of sales, what will be its margin of safety in dollars? (do not round intermediate calculations.): sales (57,000 units) $969,000 costs: direct materials$247,600 direct labor 240,000 fixed factory overhead 100,000 variable factory overhead 150,700 fixed marketing costs 110,700 variable marketing costs 40,000 889,000 pretax income $80,000 monthunits sold cost of salesjanuary460 $33,400february860 $40,000march1,900 $52,000april2,700 $64,000using the high-low method, the estimated variable cost of sales per unit sold is: monthunits sold cost of salesjanuary580 $27,800february720 $33,000march1,200 $45,000april2,580 $57,000using the high-low method, the estimated total fixed cost is:
If Burkett corporation achieves the budgeted level of sales, then its margin of safety is 23.1%.
In the budgeted income statement presented for Burkett Corporation, fixed costs are listed separately from variable costs. Fixed factory overhead and fixed marketing costs are $100,000 and $110,700, respectively.
To determine the estimated total fixed cost, we can use the high-low method. This method involves selecting the highest and lowest levels of activity and calculating the difference in cost between the two levels.
From the given data, the high and low levels of activity are April (2,700 units) and January (460 units), respectively. The difference in cost between these two months is $30,600 ($64,000 - $33,400).
To calculate the estimated total fixed cost, we need to subtract the variable cost component from the total cost at either the high or low level of activity.
This gives us a variable cost per unit sold of $23.33 (($33,000 - $27,800) / (720 - 580)). Multiplying this variable cost per unit sold by the low level of activity (460 units) gives us a total variable cost of $10,716.80 ($23.33 * 460).
Subtracting the total variable cost from the total cost at the low level of activity ($33,400 - $10,716.80) gives us an estimated total fixed cost of $22,683.20.
Using the data provided in the budgeted income statement, we can calculate the break-even point as follows:
Break-even point = (Fixed costs / Contribution margin ratio)
The contribution margin is the difference between sales and variable costs. The contribution margin ratio is the contribution margin as a percentage of sales.
From the given data, the total variable cost of sales is $745,300 ($247,600 + $240,000 + $150,700 + $40,000 + $67,000), and the contribution margin is $223,700 ($969,000 - $745,300).
Therefore, the contribution margin ratio is 23.1% ($223,700 / $969,000).
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suppose an economy has a money supply of $1,000 billion and a reserve requirement is 20%. what will be the amount of money supply in the economy if the central bank decides to buy $5 billion worth of government bonds in an open market operation, and banks hold no excess reserves? $1,025 billion $1,050 billion $1,100 billion $1,020 billion the money supply will remain unchanged.
The amount of money supply in the economy will be $1,025 billion if the central bank decides to buy $5 billion worth of government bonds in an open market operation, and banks hold no excess reserves.
Here's the step-by-step explanation:
1. The initial money supply is $1,000 billion, and the reserve requirement is 20%.
2. When the central bank buys $5 billion worth of government bonds, it injects $5 billion into the banking system. This increases the total reserves held by banks by $5 billion.
3. Since banks hold no excess reserves, they can use the entire $5 billion to create new loans. This process is called the money multiplier effect.
4. To calculate the money multiplier, use the formula: Money Multiplier = 1 / Reserve Requirement. In this case, the money multiplier is 1 / 0.20 = 5.
5. To find the total increase in the money supply, multiply the increase in reserves by the money multiplier. In this case, $5 billion * 5 = $25 billion.
6. To find the new money supply, add the initial money supply to the total increase in the money supply. In this case, $1,000 billion + $25 billion = $1,025 billion.So, the amount of money supply in the economy will be $1,025 billion after the central bank's open market operation.
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1. When Canada printed new dollar bills there was a problem, they melted in high heat due to
plastic contents! This means the Canadian dollars were not
a. Liquefiable
b. Transferable
c. Durable
d. A standard of value
He noted that the melting point of the polypropylene used to create Canadian banknotes ranges from 265 to 340 degrees Fahrenheit. That is a lot hotter than what one would typically experience on a regular basis.
How much does Canadian money melt?The likelihood of the notes melting was shared by a chemical engineering professor at USC. He noted that the melting point of the polypropylene used to create Canadian banknotes ranges from 265 to 340 degrees Fahrenheit.
What gives Canadian money its plastic texture?These notes combine transparency and holography, making them really distinctive currency. Polymer notes will have a lower environmental impact than cotton-paper notes since they last longer. They will also be recycled.
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concord corporation, inc. can produce 100 units of a component part with the following costs: direct materials $16000 direct labor 6000 variable overhead 23000 fixed overhead 16000 if concord corporation, inc. can purchase the component part externally for $52000 and only $4000 of the fixed costs can be avoided, what is the correct make-or-buy decision? select answer from the options below buy and save $7000 make and save $3000 make and save $5000 buy and save $5000
Concord Corporation, Inc. should purchase the component part and save $5,000 because the pertinent cost of manufacturing the component part internally ($57,000) is higher than the cost of buying it externally ($52,000). Here option A is the correct answer.
To determine the correct make-or-buy decision for Concord Corporation, Inc., we need to compare the cost of making the component part in-house with the cost of purchasing it externally.
The cost of making the component part in-house is the sum of direct materials ($16,000), direct labor ($6,000), variable overhead ($23,000), and fixed overhead ($16,000) which is $61,000. However, since only $4,000 of the fixed costs can be avoided if the component part is purchased externally, the relevant cost of making the component part in-house is $61,000 - $4,000 = $57,000.
The cost of purchasing the component part externally is $52,000. Since the relevant cost of making the component part in-house ($57,000) is greater than the cost of purchasing it externally ($52,000), Concord Corporation, Inc. should buy the component part and save $5,000. So the correct answer is “buy and save $5000”.
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Complete question:
Concord Corporation, Inc. can produce 100 units of a component part with the following costs: Direct Materials $16000 Direct Labor 6000 Variable Overhead 23000 Fixed Overhead 16000 If Concord Corporation, Inc. can purchase the component part externally for $52000 and only $4000 of the fixed costs can be avoided, what is the correct make-or-buy decision?
A - Make and save $5000
B - Buy and save $5000
C - Buy and save $7000
D - Make and save $3000
providing services to customers on account would affect the balances reported in which financial statement(s)? multiple choice income statement statement of stockholders' equity balance sheet all of the financial statements in the other answer choices would be affected.
Providing services to customers on account would affect the balances reported in the Income Statement and the Statement of Stockholders' Equity.
The correct option is A .
In general , Income Statement tells about company's revenues and expenses for a specific period, also the revenue generated in order to provide services will increase the total revenue reported on the statement.
So, The Statement of Stockholders Equity reports will make changes in the company's equity accounts, that are affected by the net income generated from the services provided on account.
The Balance Sheet would also be affected indirectly, as the net income generated from the services would increase the total earnings reported in the stockholders equity section of the Balance Sheet.
Hence, A is the correct option
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for a production budget, the is the beginning inventory for the year. multiple choice 1 beginning inventory for the first quarter beginning inventory for the last quarter ending inventory for the last quarter sum of beginning inventories for the four quarters knowledge check 02 which of the following is a major factor that should be taken into consideration while planning the desired level of inventories? multiple choice 2 costs of carrying inventory. general administrative policy of the company. selling price of the finished product. statutory requirements. knowledge check 03 vineyard corporation, a manufacturer of fine wines, began the year with 20,000 bottles in inventory. the company estimated the budgeted sales for the four quarters of the current year to be 200,000 bottles, 150,000 bottles, 250,000 bottles, and 400,000 bottles, respectively. the management feels that an ending inventory of 10% of the subsequent quarter's sales is appropriate. what are the production needs for the first quarter? multiple choice 3 160,000 bottles 175,000 bottles 195,000 bottles 215,000 bottles knowledge check 04 vineyard corporation, a manufacturer of fine wines, began the year with 20,000 bottles in inventory. the company estimated the budgeted sales for the four quarters of the current year to be 200,000 bottles, 150,000 bottles, 250,000 bottles, and 400,000 bottles, respectively. the management feels that an ending inventory of 10% of the subsequent quarter's sales is appropriate. what is the desired ending inventory for the second quarter? multiple choice 4 15,000 bottles 20,000 bottles 25,000 bottles 40,000 bottles
Beginning inventory for the year affects production budget. Costs of carrying inventory should be considered. Q1 production needs: 175,000 bottles. Q2 desired ending inventory: 15,000 bottles.
The starting stock for the year is the stock sum that an organization begins with toward the start of the year. While arranging the ideal degree of inventories, a central point that ought to be thought about is the expense of conveying stock.
Grape plantation Enterprise started the year with 20,000 jugs in stock and assessed planned deals for each quarter of the year. The administration feels that a closure stock of 10% of the ensuing quarter's deals is suitable. To ascertain the creation needs for the principal quarter, we can add the planned deals for the quarter and 10% of the resulting quarter's deals and deduct the starting stock for the year.
This gives us a creation need of 175,000 jugs for the principal quarter. To decide the ideal completion stock for the subsequent quarter, we can duplicate the planned deals for the second quarter by 10% and get 15,000 jugs. Subsequently, the ideal consummation stock for the subsequent quarter is 15,000 containers.
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historically, business's involvement in the political arena was primarily: a.passive, considering solutions to be out of their reach. b.reactive, dealing with issues only after they became threats. c.diverse, engaging in a wide range of lobbying and public spending. d.none of these
Historically, business involvement in the political arena was primarily reactive, dealing with issues only after they became threats. So the correct answer is B.
In the past, many businesses took a passive or reactive approach to political engagement, focusing on their core business activities and only getting involved in political issues when they directly affected their operations or bottom line.
This often meant that businesses would only engage with political issues after they had already become threats, rather than proactively working to shape the political environment in their favor.
Over time, however, many businesses have come to recognize the importance of being more proactive and engaged in the political arena. This has led to a more diverse range of political activities by businesses, including lobbying, campaign contributions, and other forms of public spending to influence policy and public opinion.
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the marginal propensity to save is defined as part 2 a. disposable income divided by saving. b. saving divided by disposable income. c. the change in disposable income divided by the change in saving. d. the change in saving divided by the change in disposable income.
The marginal propensity to save is defined as the change in saving divided by the change in disposable income. Thus, option (d) is the correct answer.
The concept of the marginal propensity to save (MPS) is used in economics to determine the amount of an increase in income that is saved rather than spent. It is the proportion of each additional unit of income that is saved rather than spent. MPS is calculated by dividing the change in saving by the change in disposable income.
For example, if a $100 increase in income results in a $40 increase in saving, the MPS is 0.4 or 40%.Thus, we can see that the correct option is (d) the change in saving divided by the change in disposable income.
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when a tax is imposed on a good, the resulting decrease in consumer surplus is always larger than the resulting decrease in producer surplus. group of answer choices true false
When a tax is imposed on a good, the resulting decrease in consumer surplus is always larger than the resulting decrease in producer surplus. This statement is False.
About consumer surplusA tax is an amount of money paid to the government for the things people buy or do. Consumer surplus is the difference between the total amount consumers are willing to pay for a good and the actual amount they pay.
Producer surplus is the difference between the actual amount producers receive for a good and the minimum amount they are willing to accept.
When a tax is imposed on a good, the resulting decrease in consumer surplus is not always larger than the resulting decrease in producer surplus. A tax can be placed in such a way that the decrease in consumer surplus is smaller than the decrease in producer surplus.
The difference between the decrease in consumer surplus and the decrease in producer surplus is the tax revenue for the government. Therefore, the statement is False.
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daniel wishes to create a financial blueprint for a future period that reflects such items as expected sales revenues, operating expenses, and cash receipts and disbursements. daniel wants to create a(n) . group of answer choices income statement
The correct answer is c. A budget is a financial blueprint for the future period that reflects expected sales revenues, operating expenses and cash receipts and disbursements.
Typically, it is broken down into categories like wages, rent, materials, insurance, and other running costs.
Estimated income from sales, investments, and other sources should also be included in the budget. An examination of the anticipated cash flow, including the anticipated sum of money that will be made or spent throughout the time, should also be included in the budget.
This research is used to evaluate the company's overall financial health and make sure it has enough cash on hand to cover its debts and finance operations.
Complete Question:
Daniel wishes to create a financial blueprint for a future period that reflects such items as expected sales revenues, operating expenses, and cash receipts and disbursements. Daniel wants to create a(n)________.
a.sales forecast
b.statement of cash flows
c.budget
d. income statement
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a firm that manages to avoid competition entirely by offering a product or service that creates an uncontested market space is engaging in . multiple choice question.
A firm that manages to avoid competition entirely by offering a product or service that creates an uncontested market space is engaging in Value innovation. So, correct option is A.
Value innovation is a business strategy that focuses on creating a new market space rather than competing in existing ones. It involves developing innovative products or services that offer unique value to customers and create new demand in the marketplace.
By doing so, a firm can avoid direct competition with other players in the industry and instead create an uncontested market space where it can capture new customers and generate higher profits.
In contrast, cost leadership is a strategy that focuses on producing goods or services at a lower cost than competitors in order to achieve a competitive advantage.
A red ocean strategy refers to competing in existing markets where there is high competition, while economies of scale refer to the cost advantages that result from producing goods or services in large quantities.
Therefore, correct option is A.
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Complete question is:
A firm that manages to avoid competition entirely by offering a product or service that creates an uncontested market space is engaging in
a. Value innovation
b. Cost leadership
c. A red ocean strategy
d. Economies of scale
involves planning, coordinating, and controlling the acquisition, storage, handling, movement, distribution, and possible sale of raw materials, component parts and subassemblies, supplies and tools, replacement parts, and other assets that are needed to
Supply chain management involves planning, coordinating, and controlling the acquisition, storage, handling, movement, distribution, and possible sale of raw materials, component parts and subassemblies, supplies and tools, replacement parts, and other assets that are needed to produce a finished product.
Supply chain management (SCM) is an approach used by businesses to improve their efficiency and effectiveness. SCM is used to better manage and control the flow of products, information, and funds, from the beginning of the production process to the delivery of the finished product to the end-user. SCM is a process that includes the acquisition, storage, handling, movement, distribution, and possible sale of raw materials, component parts and subassemblies, supplies and tools, replacement parts, and other assets that are required to produce a finished product.
The supply chain management process involves planning, coordinating, and controlling all activities that are necessary to manage the flow of products, information, and funds from the beginning of the production process to the delivery of the finished product to the end-user. SCM is critical to business success because it helps to improve efficiency and effectiveness, reduce costs, and increase customer satisfaction. SCM also helps businesses to respond quickly to changes in market conditions, and to take advantage of opportunities that arise.
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[2] cynthia has had the following sec. 1231 gains and losses: year 1 $(24,000) year 2 0 year 3 20,000 year 4 (16,000) year 5 4,000 if cynthia has a net sec. 1231 gain of $30,000 in year 6, how should she report the gain? a. $16,000 ordinary income; $14,000 long-term capital gain. b. $14,000 ordinary income; $16,000 long-term capital gain. c. $30,000 ordinary income. d. $30,000 long-term capital gain.
If Cynthia has a net Sec. 1231 gain of $30,000 in Year 6, $16,000 ordinary income; $14,000 long-term capital gain she should report. The correct answer is option a.
Based on the provided information, Cynthia has had the following Sec. 1231 gains and losses:
Year 1: $(24,000)
Year 2: $0
Year 3: $20,000
Year 4: $(16,000)
Year 5: $4,000
To determine how Cynthia should report the $30,000 gain, we need to net the Sec. 1231 gains and losses.
The net Sec. 1231 gain for Cynthia would be calculated as follows:
($24,000) + $0 + $20,000 + ($16,000) + $4,000 + $30,000 = $14,000
Since the net gain is $14,000, Cynthia will report $16,000 as ordinary income and $14,000 as long-term capital gain. This is because Section 1231 gains are reported as long-term capital gains to the extent that they exceed Section 1231 losses.
If there are Section 1231 losses in excess of gains, they are treated as ordinary losses.
The correct answer is option a.
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the following account balances come from the records of ourso company: beginning balance ending balance accounts receivable $ 2,800 $ 3,600 allowance for doubtful accounts 280 350 during the accounting period, ourso recorded $14,000 of sales revenue on account. the company also wrote off a $150 account receivable. required: determine the amount of cash collected from receivables. determine the amount of uncollectible accounts expense recognized during the period.
Ourso Company recognized $220 in uncollectible accounts expense during the accounting period.
To determine the amount of cash collected from receivables, we need to calculate the change in accounts receivable during the accounting period. We can do this by subtracting the beginning balance of accounts receivable from the ending balance of accounts receivable:
Change in accounts receivable = Ending balance of accounts receivable - Beginning balance of accounts receivable
Change in accounts receivable = $3,600 - $2,800
Change in accounts receivable = $800
This means that Ourso Company collected $800 in cash from receivables during the accounting period.
To calculate this expense, we need to use the allowance for doubtful accounts balance at the beginning and end of the period, as well as the amount of accounts receivable written off during the period:
Uncollectible accounts expense = Ending balance of allowance for doubtful accounts - Beginning balance of allowance for doubtful accounts + Accounts receivable written off during the period
Uncollectible accounts expense = $350 - $280 + $150
Uncollectible accounts expense = $220
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which of the following statements is false? group of answer choices if there is a fixed supply of a resource available, you should rank projects by the profitability index, selecting the project with the lowest profitability index first and working your way down the list until the resource is consumed. practitioners often use the profitability index to identify the optimal combination of projects when there is a fixed supply of resources. if there is a fixed supply of resources available, so that you cannot undertake all possible opportunities, then simply picking the highest npv opportunity might not lead to the best decision. the profitability index is calculated as the npv divided by the resources consumed by the project.
The false statement is " if there is a fixed supply of resources available, so that you cannot undertake all possible opportunities, then simply picking the highest npv opportunity might not lead to the best decision.".
In the field of finance, it is essential to make informed decisions about which projects to invest in, especially when there is a limited supply of resources available.
Resource constraints can occur due to financial limitations, limited availability of materials or labor, or other factors. Therefore, it is crucial to prioritize projects that are most likely to generate the most significant returns on investment.
The false statement among the options given is if there is a fixed supply of a resource available, you should rank projects by the profitability index, selecting the project with the lowest profitability index first and working your way down the list until the resource is consumed.
This statement is not correct because the correct approach is to prioritize projects based on their profitability index, selecting the project with the highest profitability index first and working down the list until the resource is consumed.
Hence the option (c) is the right choice.
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in the circular-flow diagram, the places where resources, especially capital and labor, are bought and sold are the:
The circular flow diagram, is a model in which the main exchanges are represented by the inflow of plutocrat, goods and services between profitable realities. These are factor markets.
In the circular flow diagram, places where coffers, particularly capital and labor, are bought and vended are factor requests.
The pie map is one of the abecedarian generalities of economics. This map explains the general inflow of plutocrat on a diurnal base through the connections that live between major profitable actors similar as pots, homes and the public sector.
Divides the frugality into two main players homes and businesses. It separates the requests in which these actors operate into requests for goods and services and requests for factors of product.
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the real exchange rate is: group of answer choices how much of a foreign currency you can buy with the domestic currency. the price of foreign goods in terms of domestic goods. foreign cpi divided by the domestic cpi. the domestic currency divided by the price level.
The value of one currency for the purpose of converting it into another is known as the Exchange rate. It's choice C.
The cost of imported items in relation to domestic goods is known as the real exchange rate.
An exchange rate is simply a price: the price of one country's currency in another country's currency. It is crucial to determine the dynamics of trade and capital flows.
Exchange rate changes affect businesses by changing the cost of inventories that are bought from a different country, and by changing the demand for their products from overseas guests.
Question:
What is the actual exchange rate?
A) How much local currency can be exchanged for foreign currency?
B) A division of domestic CPI by foreign CPI.
b) The cost of imported items in comparison to domestic ones.
d) The cost of imported items in US dollars.
E) Divide the national currency by the price level.
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on january 1, 2024, rastall company signed a long-term finance lease for an office building. the terms of the lease required rastall to pay $30,000 annually, beginning december 31, 2024, and continuing each year for 30 years. on january 1, 2024, the present value of the lease payments is $337,734 discounted at the 8% interest rate implicit in the lease. what is the amount of the lease payable that would be reported in rastall's balance sheet on december 31, 2024?
The required amount of the lease payments representing the report in Rastall's balance sheet dated December 31, 2024, is given by $331,335.
Lease payments are $30,000 per year
Time duration = 30 years
Amount of the lease payable that would be reported in Rastall's balance sheet on December 31, 2024.
Calculate the present value of the lease payments as of that date.
The Lease payments are $30,000 per year for 30 years, beginning on December 31, 2024.
The present value of payments on January 1, 2024 is $337,734. Discounted interest rate = 8% .
Calculate the present value of the lease payments as of December 31, 2024.
Discount the $30,000 payment by the interest rate for one year.
Using the formula to calculate present value of an annuity,
PV = PMT x [(1 - (1 / (1 + r)n)) / r]
Where
PMT = Payment per period
r = Interest rate per period
n = Number of periods
Calculate the present value of the lease payments as of December 31, 2024, as follows,
PV = $30,000 x [(1 - (1 / (1 + 0.08)^26)) / 0.08]
⇒PV = $30,000 x [(1 - 0.2364) / 0.08]
⇒PV = $30,000 x 11.0445
⇒ PV = $331,335
Therefore, the amount of the lease payments that would be reported in Rastall's balance sheet on December 31, 2024, is $331,335.
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discuss a time that you made a decision based on data. how did the data influence a good or bad decision making process? make sure to choose an example and to describe it in such a way that clearly illustrates your analytical and problem-solving abilities.
We deliver an reason for records-pushed preference-making, what you can use it for and the way it can definitely impact your business. Plus, we percentage a five step way that you could use to create smarter company selections. the world is being overrun with information.
Information is a concept that refers to the knowledge or data that is communicated or received through various mediums. It can be described as the meaningful and structured representation of facts, ideas, or concepts that can be used to support decision-making, problem-solving, or communication. Information can be transmitted through various forms, including spoken or written language, visual images, symbols, or signals.
The value of information lies in its ability to provide insights, facilitate understanding, and aid in decision-making. It can be used to solve problems, make predictions, identify patterns, and generate new ideas. In today's digital age, information is a valuable resource that is constantly being created, stored, and shared across various platforms and channels.
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mongelli family inn is a bed and breakfast establishment in a converted 100-year-old mansion. the inn's guests appreciate its gourmet breakfasts and individually decorated rooms. the inn's overhead budget for the most recent month appears below: activity level 90 guests variable overhead costs: supplies $ 234 laundry 315 fixed overhead costs: utilities 220 salaries and wages 4,290 depreciation 2,680 total overhead cost $7,739 the inn's variable overhead costs are driven by the number of guests. what would be the total budgeted overhead cost for a month if the activity level is 99 guests? multiple choice $7,793.90 $61,541.00 $8,512.90 $7,739.00
Total budgeted overhead cost = $7,623 + $7,505 = $15,128
To calculate the total budgeted overhead cost for a month if the activity level is 99 guests, we need to use the high-low method to separate the variable and fixed costs. Variable cost per guest = (Total cost at high activity level - Total cost at low activity level) / (High activity level - Low activity level). Variable cost per guest = (($7,739 - $6,969) / (90 - 80)) = $77
Using the variable cost per guest, we can calculate the variable overhead cost for 99 guests: Variable overhead cost = Variable cost per guest x Number of guests Variable overhead cost = $77 x 99 = $7,623 To calculate the total budgeted overhead cost, we add the variable overhead cost to the fixed overhead cost: Total budgeted overhead cost = Variable overhead cost + Fixed overhead cost. Total budgeted overhead cost = $7,623 + $7,505 = $15,128 Therefore, the correct answer is $15,128. Option C, $8,512.90, is not correct as it is only the variable overhead cost for 99 guests and does not include the fixed overhead cost. Option A, $7,793.90, and option D, $7,739.00, are also not correct as they only represent the total overhead cost at the given activity level of 90 guests.
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steve is considering investing $3,600 a year for 40 years. how much will this investment be worth at the end of the 40 years if he earns an average annual rate of return of 11.6 percent? assume steve invests his first payment of the end of this year. multiple choice $1,887,411.26 $1,919,200.08 $2,103,018.90 $2,311,416.67 $2,471,685.70
Steve is considering investing $3,600 a year for 40 years. The investment will be worth $2,471,685.70 at the end of 40 years if he earns an average annual rate of return of 11.6 percent. The correct option is D $2,311,416.67.
The future value formula is used in this scenario. This formula is used to determine the future value of an investment given the present value of the investment, the interest rate, and the number of years it will be held. FV = PV × (1 + r)nFV = Future valuePV = Present value (in this case, it's the yearly deposit amount of $3,600)n = Number of yearsr = Annual interest rateLet's use the formula to determine the future value of Steve's investment:FV = $3,600 × ((1 + 0.116)^40 - 1) ÷ 0.116FV = $2,311,416.67Therefore, Steve's investment will be worth $2,311,416.67 at the end of 40 years if he earns an average annual rate of return of 11.6 percent.
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7. globalization of futures markets sean, a united states portfolio manager, is monitoring the investments that he made in high-risk stocks in u.s. and south korean firms. he recognizes that these are high-risk investments and wants to hedge against adverse effects that may result from various types of risk. he expects that over the next year, u.s. and south korean interest rates will increase, the u.s. stock market will perform well, the south korean stock market will perform poorly, and the south korean won will appreciate against the dollar. what type of position should sean consider taking in u.s. and south korean bond futures to hedge his investment portfolio? sean should buy u.s. bond futures and sell south korean bond futures. sean should sell both u.s. and south korean bond futures. sean should buy both u.s. and south korean bond futures. sean should sell u.s. bond futures and buy south korean bond futures. what type of position should sean consider taking in u.s. and south korean stock index futures to hedge his investment portfolio? sean should sell u.s. stock index futures and buy south korean stock index futures. sean should buy u.s. stock index futures and sell on south korean stock index futures. sean should buy both u.s. and south korean stock index futures. sean should sell both u.s. and south korean stock index futures. what type of position should sean consider taking in south korean currency futures to hedge his investment portfolio? sean should sell south korean won futures. sean should buy south korean won futures. sean should not take a position on south korean won futures.
Sean should sell South Korean bond futures and sell U.S. stock index futures, and sell South Korean won futures.
Sean, a US portfolio chief, ought to consider getting US bond prospects and offering South Korean bond fates to fence his venture portfolio. This is on the grounds that he expects loan costs to increment in the two nations, however he accepts that South Korea's security market will perform ineffectively.
By taking this position, Sean can safeguard himself against the unfriendly impacts that might result from changes in financing costs and security market execution. As far as stock list prospects, Sean ought to sell US stock record fates and purchase South Korean stock file prospects.
This is on the grounds that he expects the US financial exchange to perform well, however the South Korean financial exchange to ineffectively perform. By taking this position, Sean can safeguard himself against misfortunes in the South Korean financial exchange while still possibly profiting from gains in the US securities exchange.
At last, Sean ought to offer South Korean won fates to fence against the expected enthusiasm for the won against the dollar. This will safeguard him against any misfortunes that might result from the cash swapping scale evolving horribly. In general, Sean's supporting system includes taking situations in the two US and South Korean fates markets to safeguard himself against the different kinds of hazard he faces in his venture portfolio.
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complete the mrp record. the lot size is a multiple of 60 with a holing cost of $300 per unit per period. what is the period with the largest holding cost for the both average and end item values? (average/end) a. period 4/period 2 b. period 1/period 2 c. period 2/period 2 d. period 4/period 7
When completing the MRP record, we need to calculate the holding cost for each period to determine the period with the largest holding cost. The correct option is b. Period 1/Period 2.
Step 1: Determine the average inventory level for each period. For a lot size of 60, the average inventory level will be half of the lot size or 30 units.
Step 2: Calculate the holding cost per unit per period. The holding cost is $300 per unit per period.
Step 3: Calculate the holding cost for each period. The holding cost for each period will be the average inventory level multiplied by the holding cost per unit per period. For example, in period 1, the holding cost will be 30 x $300 = $9,000.
Step 4: Identify the period with the largest holding cost for both the average and end item values.To complete the MRP record, we need to determine the holding cost for each period. For a lot size of 60 with a holding cost of $300 per unit per period, the period with the largest holding cost for both the average and end item values is Period 1/Period 2.
The correct option is b. Period 1/Period 2
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