Answer:
2 K
3 B
4 H
5 C
6 G
7 A
8 I
9 D
10 E
11 L
12 K
A company had a pretax accounting income of $20 million this year. This included the collection of $100 million of life insurance proceeds when several key executives died in a plane crash. This collection is not recognized as a gain for tax purposes (permanent difference). Temporary differences for the current year netted out to zero. The company has a 20% tax rate and plans to record a DTA (operating loss carryforward) for tax purposes. In the current year, the Company will report a net income of:
Answer:
-$80 million
Explanation:
Since the $100 million collected from the life insurance policies are not taxable income (they are a permanent difference), the net income = $20 million - $100 million = -$80 million.
Permanent differences occur because companies are allowed by US GAAP to record some expenses or gains for reporting purposes only, but the IRS does not allow them for taxable purposes. Neither life insurance premiums for key employees nor life insurance proceeds upon death of key employees are allowed for taxable purposes. US GAAP allows a company to expense the premiums, but the IRS doesn't. The same happens to gains resulting from life insurance proceeds.
what is a benefit of having a good credit score
Some benefits of a good credit score are you will qualify for favorable interest rates, and you will have the ability to pay lesser financing charges on loan balances and credit card balances.
What is a good credit score?Generally, According to McClary, "A high credit score indicates that you will most probably qualify for the lowest interest rates; fees for new loans and lines of credit."
If your credit score is high, you will have a better chance of receiving these benefits. You might save up to one percent on interest if you apply for a mortgage, which is another advantage.
It is more likely that you will be eligible for favorable interest rates, and you will be able to pay reduced financing costs on loan balances and credit card balances if you are approved for these rates.
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Mr. Crimpson is an economist . During the course of each day, he studies how to meet
Answer:
see below
Explanation:
Economics is a social study on how individuals, firms, and governments make choices amid scarcity. It is concerned with how society allocates its scarce resources in the production, distribution, and consumption of goods and services. Mr. Crimpson studies how to use limited resources efficiently to meet the different but many needs in society.
Economics is divided into macroeconomic and Macroeconomics. Under macroeconomics, Mr. Crimpson studies the performance, behavior, and decision-making of the entire economy. He focuses on the aggregate changes in inflation, unemployment rate, growth rate, GDP, and prices. In microeconomics, Mr.simpson concentrates on how individuals and households' choices affect demand and supply in the market.
If average household income increases by 50%, from $40,000 to $60,000 per year, the quantity of rooms demanded at the Triple Sevens from rooms per night to rooms per night. Therefore, the income elasticity of demand is , meaning that hotel rooms at the Triple Sevens are . If the price of a room at the Exhilaration were to decrease by 20%, from $200 to $160, while all other demand factors remain at their initial values, the quantity of rooms demanded at the Triple Sevens from rooms per night to rooms per night. Because the cross-price elasticity of demand is , hotel rooms at the Triple Sevens and hotel rooms at the Exhilaration are . Triple Sevens is debating decreasing the price of its rooms to $175 per night. Under the initial demand conditions, you can see that this would cause its total revenue to . Decreasing the price will always have this effect on revenue when Triple Sevens is operating on the portion of its demand curve.
Answer:
The numbers are missing, so I looked for similar questions:
If average household income increases by 50%, from $40,000 to $60,000 per year, the quantity of rooms demanded at the Triple Sevens from 250 rooms per night to 400 rooms per night. Therefore, the income elasticity of demand is , meaning that hotel rooms at the Triple Sevens are .
income elasticity of demand = % change in quantity demanded / % change in income
income elasticity of demand = 60% / 50% = 1.2, since it is positive, then they are normal goods. Since EAD is higher than 1, then it is considered a luxury good.
If IED is negative, that means that a good is an inferior good, since the more you earn, the less you consume.
If the price of a room at the Exhilaration were to decrease by 20%, from $200 to $160, while all other demand factors remain at their initial values, the quantity of rooms demanded at the Triple Sevens from 300 rooms per night to 200 rooms per night. Because the cross-price elasticity of demand is , hotel rooms at the Triple Sevens and hotel rooms at the Exhilaration are .
Cross price elasticity of demand = % change in quantity demanded of Triple Sevens hotel rooms / % change in price of Exhilaration hotel rooms
Cross price elasticity of demand = -33.33 / -20% = 1.665
Triple Sevens hotel and Exhilaration hotel are substitutes since their cross price elasticity is positive.
Triple Sevens is debating decreasing the price of its rooms to $175 per night (from $200). Under the initial demand conditions, you can see that this would cause its total revenue to . Decreasing the price will always have this effect on revenue when Triple Sevens is operating on the portion of its demand curve.
original revenue before change in price = $200 x 250 rooms = $50,000
revenue after decreasing price = $175 x (250 x 1.2 x 1.125) = $175 x 337.5 rooms = $59,062.50
total revenue will increase by $9,062.50, this happens because Triple Sevens hotel is operating on the elastic portion of the demand curve.
Which collection instrument do businesses generally use to conduct surveys? Businesses usually use a collection instrument such as a BLANK to collect market research data through surveys.
Answer:
questionnaire
Explanation:
A questionnaire is basically a survey, only that it is a much fancier term. Surveys and questionnaires are basically synonyms, and are both used to gather primary information, i.e. first hand information directly form the source. They are the most commonly used research tools.
Which explains why a supply line is upward sloping? Question 1 options: The law of Demand states that there is an indirect relationship between price and quantity The law of suppy compares marginal costs and marginal benefits in a constant rate The law of demand shoes a positive relationship between two goods, creating the slope The Law of Supply states there is a direct relationship between price and quantity
Answer:
The Law of Supply states there is a direct relationship between price and quantity
Explanation:
The law of demand states that there is an inverse relationship between the price of a good or service and the quantity demanded of that good or service, i.e. the higher the price, the lower the quantity demanded. This is why the demand curve has a negative slope.
While the law of supply states that there is a direct relationship between the price of a good or service and the quantity supplied. I.e. the higher the price, the larger the quantity supplied. This is why the supply curve has a positive slope.
Explain the connection between the terms "division of labor" and "specialization".
Answer:
Division of labor leads to specialization
Explanation:
Division of labor refers to the process of subdividing work into small tasks. In the division of labor, the production process is divided into different stages. Each stage requires a specific task to be performed. Workers are assigned specific tasks depending on skills and abilities.
The division of labor leads to an increase in productivity. Each worker performs a regular task, using familiar tools. In time, the worker becomes an expert in what they do, thereby increasing productivity. Division of labor leads to specialization. When work is subdivided into tasks and assigned to a specific worker, the assigned employee specializes in that task. Specialization is the practice of focusing on a single or very few activities that one is good at doing.
Which of the following are characteristics of entrepreneurial ability?
A. gathering resources
B. identifying potential profit
C. inventing new products
D. taking on risk
Answer:
the answer is c
Explanation:
1. What is the revised net operating income if unit sales increase by 12%? 2. What is the revised net operating income if the selling price decreases by $1.30 per unit and the number of units sold increases by 19%? 3. What is the revised net operating income if the selling price increases by $1.30 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 7%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 13%?
Answer:
the information about the company's income statement is missing, so I looked for a similar question (see attached image):
current contribution margin per unit = $3
current sales volume = 44,000 units
fixed expenses = $46,000
1. What is the revised net operating income if unit sales increase by 12%?
[(44,000 x 1.12) x $3] - $46,000 = $101,8402. What is the revised net operating income if the selling price decreases by $1.30 per unit and the number of units sold increases by 19%?
[(44,000 x 1.19) x $1.70] - $46,000 = $43,012
3. What is the revised net operating income if the selling price increases by $1.30 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 7%?
[(44,000 x 0.93) x $4.30] - $52,000 = $123,9564. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 13%?
[(44,000 x 0.87) x $4.60] - $46,000 = $130,088A customer purchases stock for $40 per share and holds it for 1 year, selling it for $50 per share exactly 12 months after the date of purchase. Four quarterly qualifying dividends of $.50 were paid during the year. If the customer's tax bracket is 30%, what is the after-tax rate of return?
Answer:
24.75%
Explanation:
the customer will be taxed in two different rates:
long term capital gains = $50 - $40 = $10 per stock x (1 - 15%) = $8.50
interests are taxed as normal income = (4 x $0.50) x (1 - 30%) = $1.40
total after tax gains = $9.90
after tax rate of return = $9.90 / $40 = 0.2475 = 24.75%
Gilford is writing a paper about tigers. He notices that he has used the word “paws” many times. He would like to find a word he can use instead of “paws.” Where is he most likely to find a new word for “paws”? a. Encyclopedia c. Thesaurus b. Dictionary d. None of these Please select the best answer from the choices provided A B C D
Answer:
C
Explanation:
Thesaurus
Gilford is most likely to find a new word for “paws” in Thesaurus. Hence, option C is appropriate.
What is the meaning of a Thesaurus?A thesaurus, also known as a synonym dictionary as well as a dictionary of synonyms, is a reference book that covers synonyms and antonyms in addition to other words, frequently in the form of a hierarchy of broader and more specific terms.
You may look up both antonyms and synonyms using the thesaurus.
Thesauruses offer simple access to what seems like an infinite number of synonyms. Because they assist you to avoid using unnecessary words and provide you the opportunity to express yourself more accurately, synonyms help you write better.
A thesaurus is a tool that is used in Microsoft Word or MS Word to look up synonyms and similar words for a certain phrase. Thesaurus in Microsoft Word aids writers in selecting precise and appropriate words to convey their ideas.
Hence, option C is correct.
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Identify the examples of hobbies. Check all that apply.
Neal likes to paint pictures in his free time.
Sidney wants to take a literature class.
Janie works far from her home, and spends most of her day commuting.
Verna dislikes giving speeches, and attends a workshop to improve her public-speaking skills.
Willard plays on a community baseball team.
Adrienne likes to watch movies.
Answer:
Neal likes to paint pictures in his free time.
Adrienne likes to watch movies.
Explanation:
Hobbies are fun and enjoyable activities that people engage in outside their workplaces to help them relax. These activities are done voluntarily and in one's free time. Hobbies are for providing relaxation and pleasure as opposed to income-generating.
Neal likes to paint pictures in his free time, and Adrienne likes to watch movies are hobby activities. They are engaged in free time for fun.
Answer:
Actually its 1, 5, 6
Actually its A, F, G
Explanation:
edge2020
Which type of unethical activity is sometimes caused by channel management? A. Price fixing B. Unfair discrimination C. Network marketing D. Cold calling
Answer:
B
Explanation:
got it right on edge
1. On October 1, the Business Students’ Society (BSS) placed an order for 100 golf shirts at a unitcost of $20, under terms 2/10, n/30.2. The order was received on October 10, but 20 golf shirts had been damaged in shipment.3. On October 11, the damaged golf shirts were returned.4. On October 12, BSS complained that the remaining golf shirts were slightly defective so the supplier granted a GL $100 allowance.5. BSS paid for the golf shirts on October 13.6. During the first week of October, BSS received student and faculty orders for 80 golf shirts, at a unit price of $37.50, on terms 2/10, n/30.7. The golf shirts were delivered to these customers on October 18. Unfortunately, customers wereunhappy with the golf shirts, so BSS permitted them to be returned or gave an allowance of $12.50 per shirt.8. On October 21, one-half of the golf shirts were returned.9. On October 22, the remaining 40 customers were granted the allowance on account.10.The customers paid their remaining balances d
Answer:
1.
Oct 1 No entry
Oct. 10 Dr Purchased 2,000
Cr Accounts Payable 2,000
Oct. 11 Dr Accounts Payable 400
Cr Purchase returns 400
Oct. 12 Dr Accounts Payable 100
Cr Purchase allowance 100
Oct. 13 Dr Accounts Payable 1,400 Cr Cash 1,470
Cr Purchase discount 30
Oct. 18 Dr Accounts Receivable 3,000
Cr Sales Revenue 3,000
Oct. 21 Dr Sales Returns and Allowances
1,500
Cr Accounts Receivable 1,500
Oct. 22 Dr Sales allowance 500
Cr Account receivable 500
Oct .25 Dr Cash 1,000
Cr Account receivable 1,000
2. Net income 120
3. Percentage of net sales=3.77%
4. In a situation where the check that was dated October 13 had not yet cleared the bank BSS should report this on its October 31 bank reconciliation by reducing it from balance as per bank statement.
5. No journal entry
Explanation:
1. Preparation of Journal entries
Oct 1 No entry
Oct. 10 Dr Purchased 2,000
Cr Accounts Payable 2,000 (100 shirts x $20 each)
Oct. 11 Dr Accounts Payable 400
Cr Purchase returns 400
(20 shirts x $20 each)
Oct. 12 Dr Accounts Payable 100
Cr Purchase allowance 100
Oct. 13 Dr Accounts Payable 1,500
($2,000 - $400 - $100 = $1,500)
Cr Cash 1,470
Cr Purchase discount 30
( $1,500 x 2% = $30)
Oct. 18 Dr Accounts Receivable 3,000
Cr Sales Revenue 3,000
( 80 shirts x $37.50 each)
Oct. 21 Dr Sales Returns and Allowances
(80 x $37.50 x ½) 1,500
Cr Accounts Receivable 1,500
Oct. 22 Dr Sales allowance 500
(40*12.5)
Cr Account receivable 500
Oct .25 Dr Cash 1,000
Cr Account receivable 1,000
[3,000-(1,500+500)]
2. Preparation of Income summary
INCOME SUMMARY
Sales 3,000
Less sales return and allowance 2,000
Net sales 1,000
(3,000-2,000)
Less cost of good sold 735
(1,470-735)
(½ x $1,470 original COGS=735)
Gross profit 265
(1,000-735)
Less operating expenses 100
Operating income 165
Less income tax expenses 45
Net income 120
3. Calculation to Determine the percentage of net sales
Using this formula
Percentage of net sales =Net sales/Gross profit
Let plug in the formula
Percentage of net sales =1,000/265
Percentage of net sales=3.77%
4. In a situation where the check that was dated October 13 had not yet cleared the bank BSS should report this on its October 31 bank reconciliation by reducing it from balance as per bank statement.
5. No journal entry
what is the sum of 275 and 325 divided by 25
Answer:
[tex]24[/tex]
Explanation:
[tex]275 + 325 \\ = 600 \div 25 \\ = 24[/tex]
Please mark me as the brainliestAnswer:
24
Explanation:
Because 275+325
=600÷25=24
Sana makatulong
Write a 1 paragraph speech promoting Candidates Donald Trump and Joe Biden
Answer:
JOE BIDEN
Explanation:
BECAUSE HES NOT RACSIT AND HE CARE ABOUT OTHERS UNLIKE DUMBASHH TRUMP WITH HIS ORNGE ASH
Answer:
trump
Explanation:
beacause biden is a baby sniffer
Your store sales average $162,000 per month. Your triple net lease has the following monthly terms: rent is 3% of sales, insurance is $210, maintenance is $100, utilities total $425, and taxes are $90. You expect next year's sales to increase 7%, but your lease terms will remain the same. Calculate next year's ANNUAL lease payment. Round your answer to the nearest dollar.
Answer:
=$72, 302
Explanation:
The tenant agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") plus the normal monthly rent in a triple net lease agreement.
Rent is 3% of sales. Sales will grow by 7%.
Current sales are equivalent to 100%; increased sales will be 100% + 7% = 107%
This year's monthly sales are 162,000: next year's monthly sales will be 107% of $162,000
=107/100 x $162,000
=1.07 x $162,000
=$173,340
Monthly sales will be $173,340. Monthly rent is 3% of sales
=3/100 x $173,340
=$5,200.2
The monthly lease will be monthly rent, plus insurance plus maintenance plus, utilities total plus taxes
= $5,200.2 + $210 + $100 + $425 + $90.
=$6,025.2
monthly lease = $6,025.2
Annual lease =$6,025.2 x 12
=$72,302.40
=$72, 302
Answer: 72,302
Explanation:
The Hay profile method is a job evaluation program that measures problem-solving and accountability for results. With which of the following positions would you use this program?
A) sales associate
B) food service supervisor
C) chief operating officer
D) welder
Answer:
1. D. Classification.
2. C. Chief operating officer
3. C. External; internal
4. C. Procedural equity.
5. C. Monitor and maintain external equity.
6. A. The employee’s recent performance appraisals.
7. A. The employee’s decisions are directly tied to the company’s performance.
8. A. Factor Comparison
9. C. The board of directors
10. B. Wage Curve