A(n) _____________ activity includes those transactions and events that determine net income, including the purchase of merchandise, the sale of goods and services to customers, and expenditures to operate the business. Multiple choice question. operating financing noncash investing

Answers

Answer 1

An operating activity includes those transactions and events that determine net income, including the purchase of merchandise, the sale of goods and services to customers, and expenditures to operate the business.

A business operates through certain actions that manage and keep the business alive. Such operating activities may include more than a couple of processes that help the business stay afloat.

The operating activities of a business include all the things that a company does to provide an ongoing flow of products and services to the market. Such activities may include setting a strategy, keeping accounts of the transactions like purchasing of merchandise, the sale of goods and services to customers, and the expenditures incurred to operate the business. Operating activities are important as they control the cash flow of the business and maybe the sole source of ensuring the business stays alive. It is directly linked to the deep-end workings of the company, like the production, sale, distribution, etc. of the company.

Thus, operating activities such as the determination of the incomes, purchase of merchandise, sale of goods and services, etc. all play a huge part in the successful running of the company. It's actions such as these that determine the success or failure of the company.

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A(n) _____________ Activity Includes Those Transactions And Events That Determine Net Income, Including

Related Questions

You are considering purchasing a house in Collin County that costs $350,000. You are debating whether to finance the house for 15 or 30 years. The 15-year mortgage allows you to pay off the house quicker at an interest rate of 2%. However, the 30-year mortgage offers a lower mortgage payment at an interest rate of 2.75%. Which of the following answers is closest to the difference between the 15 and 30-year monthly mortgage payment?

a. 800
b. 600
c. 400
d. 1200
e. 1000

Answers

Answer:

d

Explanation:

i believe this should be correct

What resource suggests that Tolaram, an Indonesian-based multinational, may have a competitive advantage in formulating and implementing strategy in lesser-developed regions of the world such as Africa

Answers

Answer:

All of the above

Explanation:

When there is a competitive advantage for formulation and implementing the strategy for that region i.e. lesser developed so the resources that are recommended is that it should be leveraged, culinary taste, strong relationship, market assignments

So all these should be suggested

Therefore the option all of the above should be selected

Over the past year, productivity grew 2%, capital grew 1%, and labor grew 1%. If the elasticities of output with respect to capital and labor are 0.2 and 0.8, respectively, how much did output grow

Answers

Answer:

The output growth rate is 3%.

Explanation:

Use the growth accounting equation as follow

ΔA% = ΔY% - αΔK% - βΔL%

Where

∆A = change in productivity = 2%

∆K = growth in capital =

∆L = growth in labor =

α = elasticity of capital = 0.2

β = elasticity of labor = 0.8

∆Y = change in output = ?

Placing values in the formula

2% = ΔY% - ( 0.2 x 1% ) – ( 0.8 x 1% )

2% = ΔY% - 1%

ΔY% = 2% + 1%

ΔY% = 3%

Hence, the output growth rate is 3%.

Lagle Corporation has provided the following information:
Cost per Unit Cost per Period
Direct materials $ 4.60
Direct labor $ 3.40
Variable manufacturing overhead $ 1.30
Fixed manufacturing overhead $ 13,200
Sales commissions $ 1.40
Variable administrative expense $ 0.40
Fixed selling and administrative expense $ 5,200
For financial reporting purposes, the total amount of period costs incurred to sell 5,500 units is closest to:____________
a) $9,900
b) $5,200
c) $13,200
d) $15,100

Answers

Answer:

Lagle Corporation

For financial reporting purposes, the total amount of period costs incurred to sell 5,500 units is closest to:____________

d) $15,100

Explanation:

a) Data and Calculations:

                                                   Cost per Unit       Cost per Period

Manufacturing costs:

Direct materials                               $ 4.60

Direct labor                                      $ 3.40

Variable manufacturing overhead  $ 1.30

Fixed manufacturing overhead                                  $ 13,200

Selling and Administrative Expenses:

Sales commissions                         $ 1.40                    $7,700

Variable administrative expense  $ 0.40                      2,200

Fixed selling and administrative expense                 $ 5,200

Total period costs (financial reporting) =                    $15,100

Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2015, its Cash account shows a $29,700 debit balance. The company’s May 31 bank statement shows $28,000 on deposit in the bank. a. The May 31 bank statement included a $210 debit memorandum for bank services; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,700. c. May 31 cash receipts of $7,300 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement. d. In reviewing the bank statement, a $510 check written by Smith Company was mistakenly drawn against Wright’s account. e. A debit memorandum for $380 refers to a $380 NSF check from a customer; the company has not yet recorded this NSF check. Prepare a bank reconciliation for the company using the above information.

Answers

Answer:

Wright Company

Bank Reconciliation Statement

                                                                                    $                          $

Balance per bank                                                                                 28,000

Add:

Debit memorandum for bank services                                                    210

Cash receipts placed in the bank’s night depository                          7,300

Check written by Smith Company mistakenly drawn                             510

A debit memorandum that refers to NSF check                                     380

Subtract;

Outstanding checks                                                                             (6,700)  

Balance per cash book                                                                         29,700  

Explanation:

Debit memorandum for bank services is a charge that has been recognized as a deduction from the bank balance but is yet to be recognized in the cash book hence it is added back.

Outstanding checks are checks that have been deducted from the cashbook but are yet to be deducted from the bank balance hence the deduction.

Cash receipts of $7,300 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement, hence the addition to he bank balance.

Check written by Smith Company was mistakenly drawn against Wright’s account. This will be added back to the bank balance as the deduction would not have been captured in the cash book.

A debit memorandum for $380 refers to a $380 NSF check from a customer; the company has not yet recorded this NSF check. This will be added back to the bank balance.

Jose wants to cash in his winning lottery ticket. He can either receive seven, $2,000 annual payments starting today, or he can receive one lump-sum payment today based on a 3% annual interest rate. What would be the lump-sum payment

Answers

Answer:

Hence the Lumpo-sum Payment is $12834.38(Approx).

Explanation:  

Present value of annuity due= (1+interest rate)*Annuity[1-(1+interest rate)^-time                                                                    

                                                                                           period]/rate

                                               = (1+0.03) x 2000 [1-(1+0.03)^ -7] / 0.03  

                                               [tex]=1.03\times 2000[1-(1.03)^{-7} ]/0.03\\=2060 \times 6.23\\=$12834.38(Approx).[/tex]

What is the expected after-tax cash flow from selling a piece of equipment if GlivCo purchases the equipment today for $730,000, the tax rate is 35 percent, the equipment is sold in 2 years for $81,000, and MACRS depreciation is used where the depreciation rates in years 1, 2, 3, and 4 are 51%, 27%, 15%, and 7%, respectively

Answers

Answer: $108,860

Explanation:

Book value at time of sale:

= Cost price - Accumulated depreciation

= 730,000 - ( 730,000 * ( 51% + 27%))

= 730,000 - 569,400

= $160,600

Asset was sold at $81,000 which is a loss of:

= 81,000 - 160,600

= -$79,600

Tax on this loss:

= -79,600 * 35%

= -$27,860

After-tax cash flow:

= Sales price + tax

= 81,000 + 27,860

= $108,860

Agrarian Tractors, a farm equipment company issues quarterly bonuses to its sales agents. This quarter Clay sold more tractors
than anyone else in the company and exceeded his sales goals for the fifth consecutive quarter. As the bonuses were issued
Clay received the same bonus as all the other Agrarian Tractors sales agents. Per equity theory Clay will probably


answer options:
focus on just his quarterly goals

ignore his feelings of resentment and frustration

be cooperative with the other sales agents

determine new tactics to drive even more sales

Answers

Answer:

focus on just his quarterly goals

Explanation:

A farm equipment company, Agrarian Tractors, issues quarterly bonuses to its sales agents. This quarter Clay sold more tractors than anyone else in the company and exceeded his sales goals for the fifth consecutive quarter.

However, as the bonuses were issued, Clay received the same bonus as all the other Agrarian Tractors sales agents.

Based on the equity theory, Clay will probably focus on just his quarterly goals.

This is because he sees that his outstanding output wasn't rewarded so he would focus on just meeting his quarterly goals, rather than exceeding it.

The Federal Deposit Insurance Corporation was established in 1933, during the Great Depression, to:_________
a) apprehend counterfeiters.
b) help stop bank failures throughout the United States.
c) fund small-scale businesses.
d) provide depositors with a short-term source of funds for low-interest consumer loans.
e) provide a safe place for savings of particular groups of people.

Answers

Answer:

b) help stop bank failures throughout the United States.

Explanation:

A bank run can be defined as a situation where bank clients or depositors make withdrawals of their money simultaneously from banks as a result of them being scared or afraid the depository institution will run out of cash (bankruptcy) and become insolvent.

The Federal Deposit Insurance Corporation which is also generally referred to as the FDIC was a New Deal program introduced by President Franklin D. Roosevelt in 1933 and it was designed to prevent bank failures or bank runs and restore the public's faith in the banking system.

Hence, the Federal Deposit Insurance Corporation (FDIC) was established on the 16th of June, 1933 so as to counter or mitigate the problem with bank runs.

Generally, the income generated from the premium payments of insured banks is used to fund or finance the Federal Deposit Insurance Corporation (FDIC).

Additionally, to avoid bank runs or other financial institutions from being insolvent, the Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to these institutions when they're running out of money and as well as regulate their activities.

In conclusion, the Federal Deposit Insurance Corporation (FDIC) was established in 1933, during the Great Depression, to help stop bank failures throughout the United States.

What do you call it when you don't invest in your new and smaller businesses?

Answers

Answer:

investment foe buisness

When you don't invest in your new and smaller businesses, it is called debt investment.

Debt investment basically means opting to use an amount borrowed to finance one's business (either big or small business). This investment refers to a scenario when an investor (i.e. banks) lend money to the entrepreneur with the expectation that the entrepreneur will pay-back the investment with interest.

This type of business running system is somewhat burdensome because of repayment of the loan with interest.

The advantage of this method of financing is that the capital is fully provided to the business owner.

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The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called

Answers

Answer:

Depletion

Explanation:

The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called Depletion

When the interest rate in an economy decreases, it is likely the result of either a/an ________ or a/an ________.

Answers

Answer:

expansionary practice; open market purchase of securities by the Fed.

Explanation:

Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.

Basically, an expansionary fiscal policy will cause the total increase in aggregate demand to be greater than the initial increase in aggregate demand due to the multiplier process.

Hence, when the interest rate in an economy decreases, it is likely the result of either an expansionary practice or an open market purchase of securities by the Federal Reserve System (Fed).

According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers

Compared with the sole proprietorship and partnership forms of business organization, the corporate form generally faces with _______ agency problems, ________ difficulty in raising capital and transferring ownership, ________ taxation.

Answers

Answer: more; less; more

Explanation:

Compared with the sole proprietorship and partnership forms of business organization, the corporate form generally faces with (more) agency problems, (less) difficulty in raising capital and transferring ownership, (more) taxation.

Corporation are typically taxed more than the sole proprietorship or partnership. Also, in sole proprietorship, the business owner and the management is thesame person and therefore isn't faced with agency problem like the corporate bodies. One main advantage of the corporate entity is that they raise more capital when compared to the sole proprietorship or partnership.

You estimate that your cattle farm will generate $0.10 million of profits on sales of $2 million under normal economic conditions and that the degree of operating leverage is 5.a. What will profits be if sales turn out to be $1.6 million

Answers

Answer:

Profit would decrease to $0.0 million

Explanation:

The degree of operating leverage is the change in profit as a result of the change in sales revenue

DOL=% change in profit/% change in sales

DOL=5

% change in profit=unknown

% change in sales=($1.6m-$2.0m)/$2.0m

% change in sales=-20%

5=% change in profit/-20%

% change in profit=5*-20%

% change in profit=-100%

the new amount of profit=current amount of profit*(1-% change in profit)

current amount of profit=$0.10 million

the new amount of profit=$0.10 million*(1-100%)

the new amount of profit=$0.0 million

Requirement 1. Identify each account as an asset​ (A), liability​ (L), or equity​ (E). Asset (A), Liability (L), or Equity (E)? a. Interest Revenue b. Accounts Payable c. Calhoun, Capital d. Office Supplies e. Advertising Expense f. Unearned Revenue g. Prepaid Rent h. Utilities Expense i. Calhoun, Withdrawals j. Service Revenue Requirement 2. Identify whether the account is increased with a debit​ (DR) or credit​ (CR). Increases with a debit (DR) or credit (CR)? a. Interest Revenue b. Accounts Payable c. Calhoun, Capital d. Office Supplies e. Advertising Expense f. Unearned Revenue g. Prepaid Rent h. Utilities Expense i. Calhoun, Withdrawals j. Service Revenue Requirement 3. Identify whether the normal balance is a debit​ (DR) or credit​ (CR). Normal balance is a debit (DR) or credit (CR)? a. Interest Revenue b. Accounts Payable c. Calhoun, Capital d. Office Supplies e. Advertising Expense f. Unearned Revenue g. Prepaid Rent h. Utilities Expense i. Calhoun, Withdrawals j. Service Revenue

Answers

Answer:

a. Interest Revenue

Identification: Asset

Increases with: Debit

Normal Balance: Debit

b. Accounts Payable

Identification: Liability

Increases with: Credit

Normal Balance: Credit

c. Calhoun, Capital

Identification: Equity

Increases with: Credit

Normal Balance: Credit

d. Office Supplies

Identification: Asset

Increases with: Debit

Normal Balance: Debit

e. Advertising Expense

Identification: Liability

Increases with: Credit

Normal Balance: Credit

f. Unearned Revenue

Identification: Liability

Increases with: Credit

Normal Balance: Credit

g. Prepaid Rent

Identification: Asset

Increases with: Debit

Normal Balance: Debit

h. Utilities Expense

Identification: Liability

Increases with: Credit

Normal Balance: Credit

i. Calhoun, Withdrawals

Identification: Equity

Increases with: Debit

Normal Balance: Debit

j. Service Revenue

Identification: Asset

Increases with: Debit

Normal Balance: Debit

Requirement 1. Identify each account as an asset​ (A), liability​ (L), or equity​ (E). Asset (A), Liability (L), or Equity (E)..Interest Revenue as follows.

Requirement 1:

a. Interest Revenue - Equity (E)

b. Accounts Payable - Liability (L)

c. Calhoun, Capital - Equity (E)

d. Office Supplies - Asset (A)

e. Advertising Expense - Equity (E)

f. Unearned Revenue - Liability (L)

g. Prepaid Rent - Asset (A)

h. Utilities Expense - Equity (E)

i. Calhoun, Withdrawals - Equity (E)

j. Service Revenue - Equity (E)

Requirement 2:

a. Interest Revenue - Credit (CR)

b. Accounts Payable - Credit (CR)

c. Calhoun, Capital - Credit (CR)

d. Office Supplies - Debit (DR)

e. Advertising Expense - Debit (DR)

f. Unearned Revenue - Credit (CR)

g. Prepaid Rent - Debit (DR)

h. Utilities Expense - Debit (DR)

i. Calhoun, Withdrawals - Debit (DR)

j. Service Revenue - Credit (CR)

Requirement 3:

a. Interest Revenue - Credit (CR)

b. Accounts Payable - Credit (CR)

c. Calhoun, Capital - Credit (CR)

d. Office Supplies - Debit (DR)

e. Advertising Expense - Debit (DR)

f. Unearned Revenue - Credit (CR)

g. Prepaid Rent - Debit (DR)

h. Utilities Expense - Debit (DR)

i. Calhoun, Withdrawals - Debit (DR)

j. Service Revenue - Credit (CR)

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Your product Belch has an actual market share of 14.2%, and a potential market share of 17.6%. The most likely scenario to explain this situation is:

Answers

Answer: Your budget for sales and promo are excessive, and you reached diminishing returns on your spend.

Explanation:

You can check the options online.

The market share refers to the percentage of total sales that is generated by a company in an industry.

If the potential market share is higher than the actual market share, the reason for this will be due to the fact that the budget for sales and promo are excessive, and you reached diminishing returns on your spend.

A company rents a building with a total of 50,000 square feet, which are evenly divided between two floors. The company allocates the rent for space on the first floor at twice the rate of space on the second floor. The total monthly rent for the building is $30,000. How much of the monthly rental expense should be allocated to a department that occupies 10,000 square feet on the first floor

Answers

Answer:

$8,000

Explanation:

The computation of the monthly rental expense allocated is shown below:

Rent allocated to 1st floor:

= $30,000 × 2 ÷ 3

= $20,000

There is 50,000 square feet i.e. equally divided between first floor and second floor. so 25,000 square feet for each floor.

Now  

Rent allocated to 10,000 square feet:

= ($20,000 ÷ 25,000) × 10,000

= $8,000

Jones, Incorporated acquires 15% of Anderson Corporation on January 1, 2020, for $105,000 when the book value of Anderson was $600,000. During 2020 Anderson reported net income of $150,000 and paid dividends of $50,000. On January 1, 2021, Jones purchased an additional 25% of Anderson for $200,000. Any excess cost over book value is attributable to goodwill with an indefinite life. The fair-value method was used during 2020 but Jones has deemed it necessary to change to the equity method after the second purchase. During 2021 Anderson reported net income of $200,000, and reported dividends of $75,000.The balance in the investment account at December 31, 2021, is

Answers

Answer: $355000

Explanation:

Based on the information given in the question, the balance in the investment account at December 31, 2021, will be:

15% of Anderson Corporation acquired = $105,000

Add: Additional 25% of Anderson Corp. purchased = $200,000

Add: Share of income 2021 = $200,000 × 40% = $80,000

Less: Dividend paid = $75,000 × 40% = ($30,000)

Balance in the investment = $355,000

The over-the-counter securities market Multiple Choice is similar to organized stock exchanges. does not include illiquid bank stocks. does not trade corporate bonds. does not have a central location. accounts for the least total dollar value of all of the secondary markets.

Answers

Answer: is similar to organized stock exchanges.

Explanation:

Over-the-counter simply means the trading of securities fir the companies that are not listed on a formal exchange. Such securities are traded through a dealer network rather than on the centralized exchange.

Some securities that trade over the counter include corporate stocks,US government securities, and municipal securities. The over-the-counter securities market is similar to organized stock exchanges.

A product sells for $30 per unit and has variable costs of $16.75 per unit. The fixed costs are $861,250. If the variable costs per unit were to decrease to $15.25 per unit, fixed costs increase to $958,750, and the selling price does not change, break-even point in units would:

Answers

Answer:

Remain unchanged

Explanation:

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

Initial Breakeven quantity = $861,250 / ($30 - $16.75) = 65,000

New = $958,750 / ( $30 - $15.25 ) = 65,000

The new and initial breakeven quantity are the same : 65,000

In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $110,000. Overhead totaled $365,000 for the month. Information on inventories was as follows: September 1 September 30Materials $110,000 $120,000Work in process $60,000 $90,000Finished goods $75,000 $75,000Required:1. What was the cost of direct materials used in September ?$2. What was the total manufacturing cost in September ?$3. What was the cost of goods manufactured for September ?$

Answers

Answer:

1. Cost of Direct materials in September

= Opening stock of materials + Purchases - Closing stock

= 110,000 + 200,000 - 120,000

= $190,000

2. Total manufacturing cost in September:

= Direct material + Direct labor + Manufacturing overhead

= 190,000 + 110,000 + 365,000

= $665,000

3. Cost of good manufactured:

= Total manufacturing cost + Beginning work in process - Ending work in process

= 665,000 + 60,000 - 90,000

= $635,000

Your client has called for help with their bank feeds in QuickBooks Online. You begin by asking them to open the Banking tab in the Left Navigation bar and your client tells you that she doesn't see this option listed.

Answers

Choices:

A) Your client doesn't have bank feeds enabled  

B) Your client has Business view selected in their settings  

C) Your client has turned off the Banking option in their settings  

D) Your client has the Simple Start subscription for QuickBooks Online

Choice B

Explanation:

There are two views when it comes to Quickbooks Online: Business view and Accountant view. Accounting view is for more seasoned users who have some form of accounting training so it has more features.

Business view on the other hand is simplified for those who don't know much about accounting. It is easy to follow and some features are reordered for simplicity.

The Banking tab is one of those features and it is not openly shown in the business view so the most probably the reason your client can't see it is that she is using the Business view.

Speedy Delivery Company purchases a delivery van for $43,200. Speedy estimates that at the end of its four-year service life, the van will be worth $6,800. During the four-year period, the company expects to drive the van 227,500 miles. Actual miles driven each year were 58,000 miles in year 1 and 62,000 miles in year 2. Required: Calculate annual depreciation for the first two years of the van using each of the following methods:1. Straight-line. 2. Double-declining-balance.3. Activity-based.

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Purchase price= $43,200

Salvage value= $6,800

Useful life= 4 years

First, we need to calculate the annual depreciation using the straight-line method:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (43,200 - 6,800) / 4

Annual depreciation= $9,100

It remains constant during the whole useful life.

Now, using the double-declining method:

Annual depreciation= 2*[(book value)/estimated life (years)]

Year 1:

Annual depreciation= 2*[(43,200 - 6,800) / 4]

Annual depreciation= $18,200

Year 2:

Annual depreciation= 2*[(36,400 - 18,200) / 4]

Annual depreciation= $9,200

Finally, the units-of-activity method:

Annual depreciation= [(original cost - salvage value)/useful life of production in miles]*miles driven

During the four-year period, the company expects to drive the van 227,500 miles. Actual miles driven each year were 58,000 miles in year 1 and 62,000 miles in year 2

Year 1:

Annual depreciation= [(43,200 - 6,800) / 227,500]*58,000

Annual depreciation= $9,280

Year 2:

Annual depreciation= 0.16*62,000

Annual depreciation= $9,920

The typical sell-side process: Is usually longer than the buy-side process Requires that the seller secure financing in order to complete the deal Involves identifying potential issues to address such as inside ownership and unusual equity structures, liabilities, etc. None of the above

Answers

Answer:

Involves identifying potential issues to address such as inside ownership and unusual equity structures, liabilities, etc.

Explanation:

The typical sell-side process involves identifying potential issues to address such as inside ownership and unusual equity structures, liabilities, etc.

King Corp. owns 80% of Lee Corp's common stock. During October, Lee sold merchandise to King for $100,000. At December 31, one-half of the merchandise remained in King's inventory. For the year, gross profit percentages were 30% for King and 40% for Lee. The amount of unrealized intercompany profit ending inventory at December 31 that should be eliminated in consolidation is:

Answers

Answer: $20,000

Explanation:

The amount of intercompany profit that should be eliminated in consolidation is the profit that Lee would have gotten if King had been able to sell all of the merchandise.

The amount of inventory left at the end of the year is:

= 1/2 * 100,000

= $50,000

Lee's gross profit from that would have been:

= 40% * 50,000

= $20,000

The profit that should be eliminated is $20,000

In the current year, Wilson Enterprises, a calendar year taxpayer, suffers a casualty loss of $142,500. The casualty was attributable to a Federally declared disaster. How much of the casualty loss will be deductible by Wilson under the following circumstances:
Wilson is an individual proprietor and has AGI of $362,500. The casualty loss was a personal loss, and the insurance recovered was $79,750 before any limitations.
1. Wilson can claim a casualty loss as an itemized deduction of ?
2. Wilson is a corporation, and the insurance recovered was $79,750 before any limitations.

Answers

Answer:

1. As this is a personal loss, the claim for casualty loss is:

= Loss Amount - $100 - 10% of Adjusted Gross Income (AGI)

= (142,500 loss - 79,750 insurance payout) - 100 - (10% * 362,500)

= $26,400

2. As a corporation:

Corporations do not get the $100 and AGI adjustment. Deductible casualty loss is:

= 142,500 loss - 79,750 insurance payout

= $62,750

In the market for wireless earbuds​ (a normal​ good), indicate whether the following events would cause an​ "increase or a decrease in demand​" or an​ "increase or a decrease in the quantity demanded.​" a. There is an increase in the price of carrying cases for wireless earbuds. A. increase in demand. B. decrease in demand. C. increase in quantity demanded. D. decrease in quantity demanded.

Answers

Answer: D. decrease in quantity demanded.

Explanation:

A change in demand is caused by the factors that affect demand except the price. The movement along the demand curve is as a result of the price change.

An increase in demand will lead to the rightward shift of the demand curve and a decrease in send will lead to the leftward shift of the demand curve.

On the other hand, an increase or decrease in the quantity demanded will lead to the movement along a given demand curve.

Based on the question, when there is an increase in the price of carrying cases for wireless earbuds, this will lead to a reduction in the quantity demanded of wireless earbuds as less people will buy the earbuds.

Gordon Corporation's stock is expected to pay a dividend of $4 per share at the end of this year. The dividend is expected to grow at a constant rate of 7%. The stock is currently selling for $100 per share. What would be the investor's expected rate of return on the stock

Answers

Answer: 11%

Explanation:

Using the Gordon Growth Model, the price of a stock is:

= Next dividend / (Expected return - Growth rate)

The growth rate will therefore be:

100 = 4 / (r - 7%)

(r - 7%) * 100 = 4

r - 7% = 4 /100

r = 4% + 7%

= 11%

On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $42,500 and $1,700, respectively. During 2022, Coolwear wrote off $875 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $4,200 at December 31, 2022. Bad debt expense for 2022 would be:

Answers

Answer:

the bad debt expense for 2022 is $5,025

Explanation:

The calculation of the bad debt expense for 2022 is given below:

= Allowance for uncollectible accounts - ending balance for uncollectible accounts - account receivable written off

= $4,200 - $1,700 - $875

= $5,025

Hence, the bad debt expense for 2022 is $5,025

The same should be considered and relevant

Bread Company hires Craig to sell the company’s products in a certain area. Bread agrees to pay Craig a salary, plus commission, for a trial period. They also agree that he can sell using any methods and during any hours that seem appropriate. The key factor in whether Craig is Bread’s employee is

Answers

Answer: the degree of the employer’s control over the details of the work

Explanation:

Some of the factors that are used in determining if an employee works for a company include the work performed using special skills, the relationship that exist between the employee and such employee, the work that's performed, the degree of the employer’s control over the details of the work etc.

In this case, key factor in whether Craig is Bread’s employee will be the degree of the employer’s control over the details of the work. This can be used in knowing if he's and employees or not. In a situation whereby Bread has maximum control over him, then he's his employee and give versa

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