The following balance sheet accounts (in millions of dol- lars) have been taken from the annual report for a U.S. bank. Arrange the accounts in balance sheet order and determine the value of total assets. Based on the balance sheet structure, would you classify this bank as a community bank, regional bank, or a money center bank?
Premises $1,078
Savings deposits 3,292
Cash 2,660
NOW accounts 12,816
Long-term debt 1,191
Other assets 1,633
Other time deposits 2,333
Net loans $29,981
Short-term borrowing 2,080
Other liabilities 778
Equity 3,272
Investment securities 6,092
Demand deposits 5,939
Certificates of deposit
(under $100,000) 9,853
Federal funds sold 110

Answers

Answer 1

The bank should be treated as a community bank.

The computation is as follows:

Total Assets = Premises+ Cash + Other assets + Net Loans + Investment securities + Federal funds sold

= $1,078 + $2,660 + $1,633 + $29,981 + $6,092 + $110

= $41,554  in Millions

Since the bank is a small regional bank that contains total assets of $41.5 billion so if this is the $41.5 million so it should be treated as the community bank.

Therefore we can conclude that the bank should be treated as a community bank.

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Related Questions

Saving is a leakage in the sense that:______.
a. saving is lost to the economy and ultimately leads to stagnation.
b. it often accompanies a trade deficit.
c. consumers spend less than their total income.
d. the financial system often makes negative profits.

Answers

Answer:

The correct option is c. consumers spend less than their total income.

Explanation:

Saving is simply a portion of the total income that is not spent by the consumers on goods and services.

Saving is a non-consumption use of income which is leaked out of the circular flow of income and expenditure. Saving therefore makes the consumption lower than the total income.

Based on the explanation above, the correct option is c. consumers spend less than their total income.

A U.S. investor has borrowed pounds, converted them to dollars, and invested the dollars in the United States to take advantage of interest rate differentials. To cover the currency risk, the investor should:

Answers

Answer: C. Buy pounds forward.

Explanation:

The investor borrowed in pounds which means that they would have to pay back in pounds. They would therefore need pounds at the end of the investment period but need to be sure of the rate they are converting back to so as to reduce currency risk.

The way to cater for this risk would be to buy pounds in the forward market at a guaranteed rate so that when they are to pay back the pounds, they buy it at the rate they agreed to in the forward market, regardless of what the rate is in the spot market when they want to pay back the pounds.

A contingent liability can be classified as all of the following except for a.Certain b.Probable c.Remote d.Reasonably possible

Answers

Answer: D

Explanation:

A contingent liability can be classified as probable, possible, and remote. Thus, option D is correct.

What is the contingent liability?

The contingent liabilities are liabilities that an entity may incur based on the outcome of an uncertain future event, such as the outcome of a pending lawsuit.

Contingent liabilities are also important for potential lenders to a company, who will consider these liabilities when determining lending terms.

A contingent liability is a potential future liability, such as pending lawsuits or honouring product warranties. If the liability is likely to occur and the amount can be reasonably estimated, it should be recorded in a company's accounting records.

Therefore, There are three types of contingent liabilities: probable, possible, and remote. So, option D is correct.

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The owner of a fleet of taxis contracted with a dealer in petroleum products for the purchase and sale of the taxi fleet owner's total requirements of gasoline and oil for one year. As part of that agreement, the petroleum dealer also agreed with the taxi fleet owner that for one year the petroleum dealer would place all his advertising with the taxi fleet owner's wife who owned her own small advertising agency. The wife at the time had just been offered another advertising contract with a soap company. When the wife was informed of the owner-dealer contract, she declined to accept the account from the soap company because she could not handle both the petroleum dealer and the soap company accounts during the same year. The wife was an intended beneficiary under the owner-dealer contract. The taxi fleet owner performed his contract with the petroleum dealer for six months, and during that time the petroleum dealer placed his advertising with the wife. At the end of the six months, the taxi fleet owner and the wife were divorced, and the taxi fleet owner then told the petroleum dealer that he had no further obligation to place his advertising with the wife. The petroleum dealer thereupon notified the wife that he would no longer place his advertising with her.

In an action against the petroleum dealer for breach of contract, the wife will probably: _____________

Answers

Answer:

succeed

Explanation:

In an action against breach of contract this woman is going to succeed. Breach of contract means going against the terms of a contract. A breach of this nature could be in the form of late payment or it could be failure to deliver. The reason that this wife would succeed is given the facts that we have available on this case. the taxi dealer as well as the owner of the fleet had no rights to do any modifications to the existing contract without first notifying the wife, who hen has to give her consent. Discharging the duties that are owed to the wife is a violation here and the will would succeed if acction is taken against this dealer.

Which of the four costs relevant to aggregate production planning is the most difficult to accurately measure?

Answers

Answer:

Backordering Costs.

Explanation:

This is the correct answer I hope this helps.

The following four costs are included in the overall production plan:

initial production expensescosts related to variations in manufacturing rateKeeping inventory expenses.Costs of back ordering.What is aggregate production?

An aggregate production function holds constant all other production factors, like as capital, natural resources, and technology, and connects the entire output of an economy to the total amount of labor engaged in that economy.

A stands for the technology component. It is a gauge of overall economic production. K represents the economy's entire non-human capital input. It is expressed in terms of money or monetary units. L represents the total workforce in the economy.

These are the four cost which are most difficult to measure aggregate production.

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The annual benefits of $4000 every year for three years may be obtained for an investment on a production equipment costing $20,000 with a salvage value of $5,000. If MARR is 6%, choose the right equation to determine the NPW.A) NPW = 20,000(F/P,6%,3) + 4,000(F/A, ^%, 3) + 5000B) NPW = -20000 + 4000(P/A,6%,3) + 5000(P/F,6%,3)C) NPW = 20,000(P/F,6%,3) + 4000(F/A,6%,3) + 5000D) -20000(P/F,6%,3) +4000(P/A,6%,3) + 5000(P/F,6%,3)

Answers

Answer:

The right equation to determine the NPW is:

= B) NPW = -20000 + 4000(P/A,6%,3) + 5000(P/F,6%,3)

Explanation:

a) Data:

Present value cost of production equipment = $20,000

Annual benefits = $4,000

Period of useful life = 3 years

MARR = 6%

Salvage value = $5,000

Present Value Annuity Factor for annual benefits for 3 years at 6% = 2.673

Present Value Factor for Salvage Value after 3 years at 6% = 0.840

Present Value Factor for the initial cost of investment = 1

Therefore, to obtain the NPW of the investment, the correct equation is:

B) NPW = -20000 + 4000(P/A,6%,3) + 5000(P/F,6%,3)

where NPW = Net Present Worth

P/A = Present Value Annuity Factor

P/F = Present Value Discount Factor

The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9:

a. Cash balance according to the company's records at August 31, $27,060.
b. Cash balance according to the bank statement at August 31, $28,460.
c. Checks outstanding, $5,490.
d. Deposit in transit, not recorded by bank, $4,410.
e. A check for $480 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as $840.
f. Bank debit memo for service charges, $40

Required:
Record the effects on the accounts and financial statements of the company based upon the information above.

Answers

Answer:

Cash account reconciliation

Balance: $27,060

- Bank charges: ($40)

+ Error in recording check: $360

Reconciled cash account: $27,380

Bank account reconciliation:

Balance: $28,460

+ Deposit in transit: $4,410

- Checks outstasnding: ($5,490)

Reconciled bank account: $27,380

According to the National Information Infrastructure Protection Act of 1996, the severity of the penalty for computer crimes depends on the value of the information obtained and whether the offense is judged to have been committed for each of the following except __________.
a. to harass
b. for purposes of commercial advantage
c. in furtherance of a criminal act
d. for private financial gain

Answers

Answer:

Option a: To harass

Explanation:

The National Information Infrastructure Protection Act of 1996 did modified which computer fraud and abuse act.

Computer Crime

This is simply regarded as any form of violations of criminal law regarding the knowledge of computer technology for their perpetration, investigation, or prosecution.  It is often called cybercrime. The Computer Fraud and Abuse Act (CFAA) is set up by the government as a federal law stating and showing the civil liability for gaining unauthorized access to a computer and causing damage to any computer. it  acts, states and formalizes laws to fight threats from computer related acts and offenses.

The forms of cybercrime against individuals includes  harassment, Phishing, Pharming, Fraud, and Identity Theft.

Dorsey Co. has expanded its operations by purchasing a parcel of land with a building on it from Bibb Co. for $89,000. The appraised value of the land is $26,000, and the appraised value of the building is $92,000.

Required:
a. Assuming that the building is to be used in Dorsey Co.’s business activities, what cost should be recorded for the land?
b. Indicate why, for income tax purposes, management of Dorsey Co. would want as little of the purchase price as possible allocated to land. (Select all that apply.) Land is a current asset. Land is not a depreciable asset. Land value will not reduce taxable income. Land is a depreciable asset. Land value reduces taxable income.
c. Indicate why Dorsey Co. allocated the cost of assets acquired based on appraised values at the purchase date rather than on the original cost of the land and building to Bibb Co. Appraised values are to be used because they represent the historical asset value. Appraised values are to be used because they represent the book value. Appraised values are to be used because they represent the asset's current value.
d. Assuming that the building is demolished at a cost of $11,000 so the land can be used for employee parking, what cost should Dorsey Co. record for the land?

Answers

Answer:

a. Cost of land = $19,610.17

b. Correct options are:

Land is not a depreciable asset.

Land value will not reduce taxable income.

c. Appraised values are to be used because they represent the asset's current value.

d. Cost of Land = $100,000

Explanation:

a. Assuming that the building is to be used in Dorsey Co.’s business activities, what cost should be recorded for the land?

Total appraised value = Appraised value of the land + Appraised value of the building = $26,000 + $92,000 = $118,000

Cost of land = Purchase price * (Appraised value of the land / Total appraised value) = $89,000 * ($26,000 / $118,000) = $19,610.17

b. Indicate why, for income tax purposes, management of Dorsey Co. would want as little of the purchase price as possible allocated to land. (Select all that apply.)

Correct options are:

Land is not a depreciable asset. Note that an asset that is NOT eligible for tax and accounting purposes to register depreciation in compliance with Internal Revenue Service (IRS) rules is considered NOT to be depreciable property. Since land s NOT eligible for tax and accounting purposes to register depreciation, it therefore not a depreciable asset.

Land value will not reduce taxable income. This due to the fact that land is not a depreciable asset as stated above.

c. Indicate why Dorsey Co. allocated the cost of assets acquired based on appraised values at the purchase date rather than on the original cost of the land and building to Bibb Co.

Appraised values are to be used because they represent the asset's current value.

The current value of an asset is the price at which it can be sold or settled as of the current date.

d. Assuming that the building is demolished at a cost of $11,000 so the land can be used for employee parking, what cost should Dorsey Co. record for the land?

Since it is assumed that the building is demolished, the addition of the purchase price and the cost of demolition will be recorded as the cost of land. This is because the demolition cost is the expense of preparing the land for its intended use. Therefore, we have:

Cost of Land = Purchase price + Cost of demolition = $89,000 + $11,000 = $100,000

Asset cost $35,000Prepaid Insurance $5,000Maintenance costs $3,000Accumulated Depreciation $10,000Book Value $________Based on the information above, the book value of the tractor is __________.a) $33,000b) $43,000c) $25,000d) $28,000

Answers

Okay, I’ll try to figure this one out for you


give me some time

Thxs

Answer:

25000

Explanation:

A foreign company has offered to buy 75 units for a reduced sales price of $320 per unit. The marketing manager says the sale will not affect the company's regular sales. The sales manager says that this sale will require variable selling and administrative costs. The production manager reports that it would require an additional $20,000 of fixed manufacturing costs to accommodate the specifications of the buyer. If Fruit Computer Company accepts the deal, how will this impact operating income

Answers

Answer:

an increase in the operating income by $16,322

Explanation:

The computation of the impact in the operating income is given below:

Variable cost of 75 units (1300000 × 75 ÷ 12700)   7,678

Sale price of 75 units (75 × 320)  24,000

Increase in operating income (24000 - 7678)   $16,322

hence, the impact in the operating income is that there is an increase in the operating income by $16,322

Which of the following are the characteristics PF change manager?

Answers

Answer:

Change management is one of the frequently overlooked elements of any technology implementation strategy. Even if the change is widely understood to improve the status quo, people instinctively stick to comfort zones.

Explanation:

The approach to the "human side" of the change is systematic.They have the senior management's long-term commitment.Each layer includes leaders.They support key players' ownership.They undertake clear, regular, and timely communication.They recognize that company culture is important.You are preparing for the unforeseen.They support those affected by the transformation.

Every major change creates problems with human relations. New roles and responsibilities may be requested of employees; new skills and abilities may have to be developed.

Change is inherently unsettling for employees at every level of an organization, employees usually look for strength, support, and direction from senior managers when change takes place.

Large-scale change programs require leaders to take responsibility for changes in their areas of influence. The main way to promote ownership is by involving people in the identification and resolution of the problems. Incentives and rewards will reinforce ownership.

INTC just paid an annual dividend of $3.40 a share and is expected to increase that amount by 2.2 percent per year. If you are planning to buy 1,000 shares of INTC in two years, how much should you expect to pay per share if the market rate of return for this type of security is 14.8 percent at the time of your purchase

Answers

Answer:

the price of the share is $28.18 per share

Explanation:

The computation of the price of the share is given below

Dividend at year 1

= 3.4% ×(1 + 2.2%)

= 3.4748

Dividend at year 2

= 3.4748 × (1 + 2.2%)

= $3.55

Now the price of the share is

= ($3.55) ÷ (14.8% - 2.2%)

= $28.18 per share

Hence, the price of the share is $28.18 per share

If you place a stop-loss order to sell 100 shares of stock at BDT 55 when the current price is BDT 62, how much will you receive for each share if the price drops to BDT 50?

Answers

Answer:

55 per share

Explanation:

A stop-loss is used to immediately sell a stock when it goes down to a certain point. In this example, 50 is beneath 55 so as BDT heads towards 50 it will reach 55. At 55, the selling begins and thus the investor gets 55 per share.

A company purchased $2,000 of merchandise on August 15 with terms 1/10, n/30. On August 17, it returned $200 worth of merchandise. On August 18, it paid the amount due. The amount of the cash paid on August 18 equals:________
a. $2,000.
b. $1,800
c. $1,782
d. $1,620.
e. $1,260.

Answers

A because that’s how much they have left

The amount of the cash paid is $1,782

Let understand the question aims to solve the amount of cash paid for purchase of a merchandise $2,000, there is also some return of the merchandise worth $200.

On Aug 15, Purchase merchandise $2,000, On Aug 17, Return merchandise $200, Discount = 1%

Amount of cash paid = ($2,000 - $200) - 1% discount  

Amount of cash paid = $1,800 - ($1,800)*1%

Amount of cash paid = $1,800 - $18

Amount of cash paid = $1,782

In conclusion, on August 18, the amount of the cash paid is $1,782.

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1. The first step in preparing a cost of production report is to _____. compute equivalent units of production determine the units to be assigned costs determine the cost per equivalent unit allocate costs to units transferred out and partially completed units 2. The last step in preparing a cost of production report is to _____. compute equivalent units of production determine the units to be assigned costs determine the cost per equivalent unit allocate costs to units transferred out and partially completed units

Answers

Answer:

1. The first step in preparing a cost of production report is to _____.

compute equivalent units of production

2. The last step in preparing a cost of production report is to _____.

allocate costs to units transferred out and partially completed units

Explanation:

After determining the equivalent units of production, the total costs of production are determined.  The next step is to determine the cost per equivalent unit by dividing the total costs by the equivalent units of production. Finally, the equivalent cost per unit is multiplied by the equivalent units for units transferred out and ending inventory (partially completed units).

true or false
What makes marketing harder is that it is hard to understand the needs and wants of the customers. ​

Answers

Answer:

true

Explanation:

The needs and wants of the customers is an aspect that can change so it does make marketing harder.

At the end of the day, the cash register's record shows $1,250, but the count of cash in the cash register is $1,245. The correct entry to record the cash sales is
A) Debit Cash $1,245; Credit Sales $1,245.
B) Debit Cash $1,245; debit Cash Over and Short $5; credit Sales $1,250.
C) Debit Cash $1,250; credit Sales $1,250.
D) Debit Cash $1,250; credit Sales $1,245, credit Cash Over and Short $5.
E) Debit Cash Over and Short $5, credit Sales $5.

Answers

Answer:

B) Debit Cash $1,245; debit Cash Over and Short $5; credit Sales $1,250.

Explanation:

If the cash register's record shows the amount of $1,250 while the count of cash in the cash register shows the amount of $1,245 which means that the Cash is Over and Short by $5.

Therefore the correct entry to record the cash sales is to Debit Cash For $1,245; Debit Cash Over and Short for $5 and Credit Sales for $1,250.

Debit Cash For $1,245

Debit Cash Over and Short $5

($1,250-$1,245)

Credit Sales $1,250

(To record cash sales)

The following costs were incurred in May:

Direct materials $42,200
Direct labor $32,800
Manufacturing overhead $25,400
Selling expenses $18,800
Administrative expenses $40,200

Conversion costs during the month totaled: __________

Answers

Answer:

the conversion cost is $58,200

Explanation:

The computation of the conversion cost is shown below:

The conversion cost is

= Direct Labor + Manufacturing Overhead

= $32,800 + $25,400

= $58,200

Hence, the conversion cost is $58,200

It is the combination of the direct labor and the manfacturing overhead

At December 31, 2017, before any year-end adjustments, Macarty Company's Prepaid Insurance account had a balance of $2,700. It was determined that $1,500 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be:____________a) $1,200.b) $2,700.c) $1,900.d) $1,500.

Answers

Answer:

$1,500

Explanation:

Macarty company prepaid insurance account had a balance of $2700

It was determined that $1500 of the prepaid insurance had expired

Therefore the adjusted balance for insurance for the year is $1500

DMC Company manufactures a standard and a custom version of a boat engine. Overhead costs include a significant amount of indirect labor and other costs related to moving materials and setting up machines for each batch of engines that are produced. The rest of the overhead is mostly facility-based. The actual activity for a year was as follows:

Total Standard engines Custom engines
Engines produced 3,000 2,500 500
Machine hours 6,000 4,800 1,200
Batches of products 200 100 100

DMC has used machine hours in the past to allocate all overhead costs. Which of the following statements is true given the data above, if DMC used machine hours as the allocation base for the current year?

a. DMC under allocated overhead costs to the standard engines.
b. DMC paid more for overhead costs than if it used activity-based costing.
c. DMC over allocated the overhead costs to the standard engines.

Answers

Answer:

Hence the correct option is option c. DMC over-allocated the overhead costs to the standard engines.

Explanation:

DMC over-allocated the overhead costs to the quality engines

All overheads have now been allocated within the ratio of machine-hours used i.e. 4:1

If however, ABC system were used, overheads associated with found out would are allocated within the ratio of batches i.e. 1:1

And hence, more overheads would are allocated to custom engines and fewer to plain engines.

The amount purchased overheads will remain equivalent. The systems are only used for the allocation of overheads.

The price elasticity of gasoline supply in the United States is 0.4. If the price of gasoline rises by​ 8%, what is the expected change in the quantity of gasoline supplied in the United​ States?
A. ​3.2%
B. ​+ 0.32%
C. ​+ 32.0%
D. ​+ 3.2%

Answers

Answer:

a

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

0.4 == quantity / 8  

3.2%

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

The HR Manager at Fresh Foods instructs his subordinates to make a list of all employees who have completed about one year in the firm. He wants his subordinates to collect the testscores obtained by these employees when they applied for the job and compare these scores to their job performance over the past year. In this scenario, the HR Manager most likely wants to conduct a(n) _____.
a. internal validity test
b. concurrent validity test
c. face validity test
d. predictive validity test

Answers

Answer:

d. predictive validity test

Explanation:

Predictive validity test that represent the degree where the scores of the test is correctly expected based on the criterion measures

Also the comparision is to be made for the test scores along with the performance rating done by the supervisor is known as the predictive validity test

Therefore the option d is correct

Holmes Company produces a product that can be either sold as is or processed further. Holmes has already spent $96,000 to produce 2,425 units that can be sold now for $81,500 to another manufacturer. Alternatively, Holmes can process the units further at an incremental cost of $255 per unit. If Holmes processes further, the units can be sold for $415 each. Should Holmes sell the product now or process it further

Answers

Answer: Holmes should process it further to make a profit of $306,496

Explanation:

If Holmes sells now, the selling price would be:

= Amount sold for / No. of units

= 81,500 / 2,425

= $33.61

If the company processes further and sells at $415, they will get a profit per unit of:

= 415 - 255

= $160 per unit

Incremental revenue is:

= (160 - 33.61) * 2,425 units

= $306,495.75

Holmes should process it further.

Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $87,000, and it estimates that 4% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $1,479 credit balance before the adjustment. (b) a $435 debit balance before the adjustment.

Answers

Answer:

a. Balance in the allowance doubtful account = $1,479 (Credit)

Allowance for doubtful accounts to be maintained = 4% of the accounts receivables = 4% * $87,000 = $3,480

Net amount of bad debt to be recorded = $3,480 - $1,479 = $2,001

Date  Account titles and explanation          Debit     Credit

         Bad debt expenses                              $2,001

                Allowance for doubtful accounts                $2,001

        (To record entry of bad debt expenses)

b. Balance in the allowance doubtful account = $435 (Debit)

Allowance for doubtful accounts to be maintained = 4% of the accounts receivables = 4% * $87,000 = $3,480

Net amount of bad debt to be recorded = $3,480 + $435 = $3,915

Date  Account titles and explanation          Debit     Credit

         Bad debt expenses                              $3,915

                Allowance for doubtful accounts                $3,915

        (To record entry of bad debt expenses)

XYZ Co. expects to sell 26,000 pools for $15 each. Direct materials cost is $3 per pool, direct labor cost is $5 per pool, and manufacturing overhead cost is $1.62 per pool. The following inventory levels apply to 2019: Beginning inventory Ending inventory Direct materials 20,000 units 22,000 units Work-in-process inventory 0 units 100 units Finished goods inventory 1,800 units 2,600 units How many pools need to be produced in 2019

Answers

Answer:

250120

Explanation:

Total pools is equal to 26,000

Directable cost is equal to $5 per pool

Manufacturing overhead equals 1.62 dollars per pool

Direct costes equals $3 per pool

We add up this costs

5+1.62+3 = 9.62 dollars in total

In 2019 the total amount of pools that needs to be produced can be gotten by multiply 26000 with 9.62

26000x9.62

= 250,120

Find the compound amount for the deposit. Round to the nearest cent. $15,000 at 8% compounded semiannually for 10 years

Answers

Answer:

$17,866.85

Explanation:

Use the following formula to calculate the compound amount

Compound Amount = Future value of deposit - Initial deposit

Where

Future value of deposit = Initial Deposit x ( 1 + Periodic interest rate )^numbers of compounding periods = $15,000 x ( 1 + ( 8% x 6/12 ) )^(10 x 12/6 ) = $32,866.85

Initial Deposit = $15,000

Placing values in the formula

Compound Amount = $32,866.85 - $15,000

Compound Amount = $17,866.85

A company issues $17200000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $16904864. What is interest expense for 2021, using straight-line amortization

Answers

Answer:

$1,691,122

Explanation:

First, calculate the discount on the bond

Discount on the bond = Face value of bond - Proceeds from the bond = $17,200,000 - $16,904,864 = $295,136

Now prepare the bond amortization table

The Bond amortization table is attached with this answer please find that

Now calculate the Interest expense for 2021

Interest Expense = Interest Expense on June 30, 2021 + Interest Expense on December 31, 2021

Interest Expense = $845,493.63  + $845,628.31  

Interest Expense = $1,691,121.94

Interest Expense = $1,691,122

Classify the following markets as perfectly competitive, monopolistic, or monopolistically competitive, and explain your answers.

a. wooden no. 2 pencils
b. copper
c. local telephone service
d. peanut butter
e. lipstick

Answers

If you want to answer asked Siri

A corporation acquired a copyright by issuing 1,000 shares of $5 par common stock. At the time of the exchange, the stock was selling for $40 per share. The copyright had a carrying value of $18,000 to the author. The purchasing corporation should assign to the copyright a value of

Answers

Answer:

the  purchasing corporation should assign to the copyright a value of $40,000

Explanation:

The computation of the copyright value is given below:

= Number of shares acquired for purchasing a copyright × selling stock per share

= 1,000 shares × $40

= $40,000

hence, the  purchasing corporation should assign to the copyright a value of $40,000

Other Questions
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