Stellar Corporation has a cumulative temporary difference related to depreciation of $542,000 at December 31, 2017. This difference will reverse as follows: 2018, $37,000; 2019, $225,000; and 2020, $280,000. Enacted tax rates are 35% for 2018 and 2019, and 40% for 2020. Compute the amount Stellar should report as a deferred tax liability at December 31, 2017. Deferred tax liability at December 31, 2017

Answers

Answer 1

Answer:

$203,700

Explanation:

                                           2018          2019           2020

Temporary difference $37,000    $225,000    $280,000

Tax rate                               35%           35%             40%

Deferred tax liability $12,950        $78,750     $112,000

Deferred tax liability​ to be reported at December 31, 2017 = $12,950 + $78,750 + $112,000 = $203,700


Related Questions

Computing absorption cost per unit and variable cost per unit Adamson, Inc. has the following cost data for Product X:

Direct materials $41 per unit
Direct labor 57 per unit
Variable manufacturing overhead 7 per unit
Fixed manufacturing overhead 20,000 per year

Required:
Calculate the unit product cost using absorption costing and variable costing when production is 2,000 units, 2,500 units, and 5,000 units.

Answers

Answer:

unit cost for 2,000 units=$115

unit cost for 2,500 units =$113

unit cost for 5,000 units= $109

Explanation:

Absorption costing is method of costing where overheads are charged to units produced using volume-based bases. e.g machine hours, labour hours e.t.c. Units are valued using full cost per unit

Full cost per unit= Direct material cost + direct labor cost  + Variable production overhead + Fixed production overhead

Fixed production overhead = Budgeted overhead/Budgeted production units

unit cost for 2,000 units

unit cost = 41 + 57 + 7 + (20,000/2000) = $115

unit cost for 2,500 units

unit cost = 41 + 57 + 7 + (20,000/2,500)= $113

unit cost for 5,000 units

unit cost = 41 + 57 + 7 + (20,000/5,000) = $109

unit cost for 2,000 units=$115

unit cost for 2,500 units =$113

unit cost for 5,000 units= $109

Bland Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2003, and charged the $4,200 premium to Insurance expense. At its December 31, 2003, year-end, Bland Foods would record which of the following adjusting entries?A) Insurance expense 875 Prepaid insurance 875
B) Prepaid insurance 875 Insurance expense 875
C) Insurance expense 875
Prepaid insurance 3,325
Insurance payable 4,200
D) Prepaid insurance 3,325
Insurance expense 3,325

Answers

Answer:

D) Prepaid insurance 3,325

Insurance expense 3,325

Explanation:

insurance cost per month = $4,200 / 24 months = $175 per month

August, September, October, November and December = 5 months = $875

$4,200 - $875 = $3,325

The correct journal entries should have been:

August 1, 2003, purchased 2 year insurance policy

Dr Prepaid insurance 4,200

    Cr Cash 4,200

December 31, 2003, accrued insurance expense

Dr Insurance expense 875

    Cr Prepaid insurance 875

But, since the purchase was incorrectly journalized as:

Dr Insurance expense 4,200

    Cr Cash 4,200

the adjusting entry must be:

Dr Prepaid insurance 3,325

    Cr insurance expense 3,325

Florida Curtain Works is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 60% of sales. Fabric purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at 20% of sales and are paid during the month of sale. Other operating costs amounting to 25% of sales are to be paid in the month following the month of sales. Sales revenue is forecasted as follows:
Month Sales
February $440,000
March $450,000
April $480,000
May $500,000
June $510,000
What is the amount of fabric purchases during the month of March?
a. $480,000.
b. $336,000.
c. $288,000.
d. $300,000.

Answers

Answer:

Florida Curtain Works

1. Fabric purchases during the month of March:

c. $288,000.

Explanation:

a) Data and Calculations:

                Month Sales     Cost of Sales  Purchases     Wages  Others

February    $440,000       $264,000       $270,000    $88,000

March        $450,000          270,000         288,000      90,000   $110,000

April           $480,000          288,000         300,000      96,000     112,500

May           $500,000          300,000         306,000     100,000    120,000

June          $510,000         306,000                             102,000    125,000

b) Florida Curtain Works can prepare its budget for the next year by estimating the cost of goods to be sold, the purchases and payments for Fabric during the month based on trade terms, and the wages and other expenses to incur.  The budget helps its management to plan, prepare, exert efforts toward achieving the set targets, and analyze actual performance against budget.

A 70-year old client wants to invest in U.S. Treasury securities. When performing the suitability determination, the client informs the registered representative that he is looking for after-tax income, liquidity, and to avoid market risk. The registered representative should be LEAST concerned with the:

Answers

Answer: client's age

Explanation:

From the question, we are informed that a 70-year old client wants to invest in U.S. Treasury securities and that when performing the suitability determination, the client informs the registered representative that he is looking for after-tax income, liquidity, and to avoid market risk.

The client's age should be the least the registered representative should be concerned about. Rather, the representative should be concerned with the coupon of the recommended treasury securities and the tax bracket of the client for tax purposes.

Discuss SOX in 500 words or more. How do logging and separation of duties help comply with SOX? How might database auditing and monitoring be utilized in SOX compliance? How can a dba use automation to comply with SOX frameworks?

Answers

Answer:

The Sarbanes-Oxley Act of 2002 was designed to protect investors and shareholders from accounting frauds, misguided financial statements and intentional errors by improving accuracy and reliability of company's accounts. This act was created in response to financial scandals and frauds that took place before 2002. Public corporations are required to comply with the Laws and regulations in the Sarbanes-Oxley Act.

Explanation:

The Enron scandal was the base for the Sarbanes Oxley Act. It was created to avoid further potential frauds in the businesses. Auditors at Enron were responsible for ensuring accuracy of financial statements. Anderson deceived many investors who relied on companies financial statements. Anderson certified financial statements of the company without questioning them about the relevancy and accuracy. Anderson was found guilty of obstructing justice by destroying Enron's related auditing documents. Attorneys helped to mold some of company's special purpose partnership. These deals lead to demise of the company. Merrill Lynch replaced research analyst after his coverage of the Enron company which dissatisfied the company executives. Merrill Lynch was subject to threats by Enron that it would loose $750 million from stock offerings.

Brian purchased two automobiles for personal use. Automobile 1 had an adjusted basis of $20,000, and automobile 2 had an adjusted basis of $10,000. In the current year, Brian sold automobile 1 for $15,000 and automobile 2 for $15,000. What gain or loss should Brian recognize on the sales of the automobiles g

Answers

Answer:

Automobile 1, Loss of $5,000

Automobile 2, Gain of $5,000

Explanation:

Calculation of gain or losses on sale of Automobile 1

Sale value of Automobile 1                  $15,000

Less: Adjusted Basis of Automobile 1 $20,000

Loss on sale of Automobile 1              $5,000

Calculation of gain or losses on sale of Automobile 2

Sale value of Automobile 2                     $15,000

Less: Adjusted Basis of Automobile 2    $10,000

Gain on sale of Automobile 2                 $5,000

Alexander has been accepted as a freshman at a college two hundred miles from his home for the fall semester. Alexander's wealthy uncle, Michael, decides to give Alexander a car for Christmas. In November, Michael makes a contract with Jackson Auto Sales to purchase a new car for $18,000 to be delivered to Alexander just before the Christmas holidays, in mid-December. The title to the car is to be in Alexander's name. Michael pays the full purchase price, calls Alexander and tells him about the gift, and takes off for a six-month vacation in Europe. Is Alexander an intended third party beneficiary of the contract between Michael and Jackson Auto Sales

Answers

Answer:

Yes.  

Alexander is an intended third party beneficiary of the contract between Michael and Jackson Auto Sales.

Explanation:

In the law of contracts, Alexander becomes a third-party beneficiary of the contract between Michael and Jackson Auto Sales, and he has the right to sue in the contract notwithstanding that he was not an active party to the contract.  Some of the factors that may be present to show that a Alexander is an intended beneficiary are: (1) the contract's performance is rendered directly to Alexander; (2) Alexander has rights to control the details of the performance; or (3) there is an express designation in the contract, e.g. the title to the car is in Alexander's name.

You are considering an investment in software company. The beta of software companies is 1.5. The annual risk-free rate is 2% and the annual market premium is 8%. The expected annual profit from the software subscription is $100,000 and it is expected to grow at the rate of 6% per year. What is the maximum price you are willing to pay for the company? A. $1,370,925.78 B. $1,250,000.00 C. $1,123,221.12 D. $908,153.55

Answers

Answer:

Maximum price = $ 1,325,000  

Explanation:

The maximum price to be paid for the company is the present value of the annual profit discounted at the rate of return on equity.

The return on equity can be calculated using the capital asset pricing model (CAPM)

Under CAPM,

E(r)= Rf + β(Rm-Rf)

E(r)- expected return, Rf-risk-free rate , β= Beta, Rm= Return on market.

Using this model, we can work out the value of beta as follows:

Ke= ?., Rf- 2%, Rm-Rf - 8%

Ke- 2% + 1.5× (8%)= 14 %

Price for the company can now be determined using the present value of the perpetuity formula with growth as follows:

The model is represented below:  

P = A ×(1+g)/ ke- g  

DATA

A- 100,000

g- 6%

ke- 14%

Price =  100,000× (1.06)/(0.14-0.06)= $ 1,325,000  

Maximum price = $ 1,325,000  

An investor purchases a 15-year, $1,000 par value bond that pays semiannual interest of $50. If the semiannual market rate of interest is 6%, what is the current market value of the bond

Answers

Answer:

The answer is $862.35

Explanation:

Explanation:

This is a semiannual paying coupon, meaning interest are paid twice in year.

N(Number of periods) = 30periods ( 15 years x 2)

I/Y(Yield to maturity) = 6 percent

PV(present value or market price) = ?

PMT( coupon payment) = $50

FV( Future value or par value) = $1,000.

We are using a Financial calculator for this.

N= 30; I/Y = 6; PMT = 50; FV= $1,000; CPT PV= -862.35

Therefore, the market price of the bond is $862.35.

To reach the maximum money​ multiplier, it is assumed that A. there is insufficient loan demand. B. commercial banks keep excess reserves. C. loans are diverted into circulating currency. D. all loans get redeposited in a checkable and debitable account.

Answers

Answer:

D. all loans get redeposited in a checkable and debitable account.

Explanation:

The money multiplier refers to the amount i.e to be generated by the bank so that it could able to generate maximum reserves.

It is to be calculated below:

Money multiplier = 1 ÷ reserve ratio

Also it shows a direct relationship between the supply of money and the reserves

Therefore the appropriate option is d.

A benefactor promises to donate $30,000 to his church toward the purchase of a new piano if the church is able to raise matching funds of $30,000 from other contributors. At what point should the church record revenue

Answers

Answer:

When the matching funds are raised.

Explanation:

Since in the question it is mentioned that a benefactor vow to denote $30,000 for his church in order to buy the piano but the church should capable to increase the matching fund for $30,000 from other contributors

So at the time of recording the revenue by the church when there is a raise in the matching fund otherwise, it would not be recorded

Therefore the last option is correct

If a company's required rate of return is 10% and, in using the net present value method, a project's net present value is zero, this indicates that the

Answers

Answer:

The project earns a 10% rate of return

Explanation:

This indicates that the “ project earns a 10% rate of return”. Since it is given in the question that the required rate of return is 10% and the company analysis that the net present value of the project is zero. That means the project is profitable and earns a sufficient profit or project giving a sufficient return. Therefore, it can be determined that the project is providing the earning or rate of return 10 per cent.  

The company is termed as the established legal entity that has been built on the basis of the company act of the year 2013. The act demonstrates or depicts the economic activities of the company and also determines the various measures to calculate the earning and the contribution to the growth of the economy.  

The indication in the context is The project earns a 10% rate of return

This signifies that the "promotes affordable a 10% rate of return." Because the needed rate of return is 10percent and also the company analysis suggests that the project's net present value is zero, the answer is yes.

This implies that the project is profitable and produces a sufficient profit or payback. In a conclusion, it can be determined that the challenging design has a 10% earning or rate of return.

To know more about the indication of the net present value, refer to the link below:

https://brainly.com/question/17162144

Brandt Enterprises is considering a new project that has a cost of $1,000,000, and the CFO set up the following simple decision tree to show its three most likely scenarios. The firm could arrange with its work force and suppliers to cease operations at the end of Year 1 should it choose to do so, but to obtain this abandonment option, it would have to make a payment to those parties. How much is the option to abandon worth to the firm?

Answers

Answer:

$61.03

Explanation:

The decision tree is a flow like chart which enables to identify the best decision based on the possible probabilities of multiple events. The technique of decision tree is used when there are various options. Every decision is placed on the node of the leaf. These nodes are assigned a probability which makes it easy for the managers to take decision.

In the given scenario the CFO of Brandt Enterprises has created a decision tree as with probabilities 20% of $800, 60% of $520 and 20% of $200 in the year . The NPV estimate is $46.57 for all the probabilities. The firm will have to incur $61.03 to abandon at year 1 .

Food Shoppe Galore had the following information: Total market value of a company’s stock: $650 million Total market value of the company’s debt: $150 million What is the weighted average of the company’s debt?

Answers

Answer:

18.75%

Explanation:

Food Shoppe galore has a total market value stock of $650 million

The total market value of the company's debt is $150 million

The first step is to calculate the total market value of the company's capital

= $150,000,000 + $650,000,000

= $800,000,000

Therefore, the weighted average of the company's debt can be calculated as follows

= $150,000,000/$800,000,000

= 0.1875×100

= 18.75%

Hence the weighted average of the company's debt is 18.75%

What are the benefits and risks associated with social networks? Support your answers with relevant examples

Answers

Answer:

Explanation:

There are many benefits as well as risks to social networks. The greatest benefit is that they allow us to connect with individuals from anywhere in the world, at any distance, and in a seconds notice. This is incredibly powerful and opens the door for many opportunities in all types of markets. Social networks also come with risks, since everyone is on it people tend to share all of their information which can cause problems for that individual if it falls into the wrong hands. For example, an individual connects with a family member who lives in Brasil and has casual conversations with that family member every other day. A hacker may be able to access that information and extract all the valuable information needed to steal that individual's identity.

A corporation is attempting to sell additional shares to its existing shareholders through a rights distribution. A shareholder who wishes to subscribe must send the purchase amount with the rights certificate to the:

Answers

Answer:

Right agent.

Explanation:

A rights agent is said to be a correlative junction, serve and also seen to be an obedient mediator and right assistance between his client and any form of third party organisation or also other clients. A right agent is sometimes seen to be reliable to a principal when he/she acts without actual authority, but with apparent authority. He is also held responsible for indemnify and also principal loss or damage resulting from his/her act. He is also keen and careful in his advise and dealing on behalf of his client is he owes certain contractual duties to his/her agent as he protect him also from wrong claims, expenses that are not worthwhile, liabilities etc.

Child Play Inc. manufactures electronic toys within a relevant range of 20,000 to 150,000 toys per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Complete the cost schedule. When computing the cost per unit, round to two decimal places.

Toys produced 40,000 80,000 120,000

Total costs:
Total variable costs $720,000 d. $ j. $
Total fixed costs 600,000 e. k.
Total costs $1,320,000 f. $ l. $

Cost per Unit
Variable cost per unit a. $ g. $ m. $
Fixed cost per unit b. h. n.
Total cost per unit c. $ i. $ o. $

Answers

Answer:

Toys produced                40,000         80,000           120,000

Total costs:

Total variable costs      $720,000     $1,440,000     $2,160,000

Total fixed costs           $600,000      $600,000        $600,000

Total costs                   $1,320,000   $2,040,000     $2,760,000

Cost per Unit

Variable cost                   $18                   $18                     $18

Fixed cost                        $15                  $7.50                   $5

Total cost                        $33                 $25.50               $23

Fixed costs do not change with total output, they are the same regardless so the number of units produced. Variable costs change proportionally to any change in total output. If total output increases, variable costs will increase.

write at list 4 point about book and account​

Answers

Explanation:

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process.

Rank the following investments from lowest to highest, for overall historical returns experienced by investors over long periods of time:

a. Treasury Bills
b. AAA Rated Corporate Bonds
c. Common Stocks

Answers

Answer:

Treasury BillsAAA Rated Corporate BondsCommon Stocks

Explanation:

Treasury Bills are considered risk-less investments. As a result the interest rate will not be adjusted for risk and will be relatively low compared to other securities. It will give the lowest return overtime here.

AAA Rated Corporate Bonds are the highest rated Corporate bonds there are. Even still, they will pay an interest rate that has a little risk premium in it which will make its returns overtime higher than a T-bill.

Common Stocks will provide the highest rate of return overtime on average simply because as well as the dividend payments that are paid to holders, the stock also has a chance of rising in value overtime which will give the holder a Capital gain as well. Something that the other 2 investments cannot give.

Previous Question Question 5 of 20 Next Question Which of the following items represents the net income/(loss) for the year? The difference between the revenues/gains and expenses/losses. The difference between the cash receipts and payments. The difference between the funds raised by stock issuance and the dividends paid. The difference between the net increase in assets and in liabilities.

Answers

Answer:

Option A. The difference between the revenues/gains and expenses/losses

Explanation:

The net income of an organization is the net value received by taking the difference of all the income earned and the losses borned by the organization.

Mathematically,

Net Income = Revenue  -  Expenses

It can be also calculated as under:

Net Income = Gains  -  Losses

An investment adviser has a soft dollar arrangement with DEF Brokerage Company. An investment adviser representative brings a big new account to the RIA and the account owner tells the IAR to direct 50% of his trades to XYZ Brokerage Company. If execution is not an issue, then the IAR should:

Answers

Answer:

The remaining part of the question:

Which statement is TRUE?

A. Because the payment received by the IAR is small, there is no requirement to notify the client of the payment arrangement with the executing broker

B. Because the client has an investment objective of aggressive growth, requiring an active trading strategy, there is no requirement to notify the client of the payment arrangement with the executing broker

C. The IAR must notify the client of the payment arrangement with the executing broker

D. The IAR must notify RIA of the payment arrangement with the executing broker

Correct Answer:

C. The IAR must notify the client of the payment arrangement with the executing broker .

Explanation:

Torrid Romance Publishers has total receivables of $3,000, which represents 20 days’ sales. Total assets are $75,000. The firm’s operating profit margin is 5%. Find the firm's ROA and asset turnover ratio.

Answers

Answer:

Assets turnover ratio= 0.73

ROA= 3.65%

Explanation:

Torrid romance publishers have a total receivables of $3,000, it represents a 20 days sales

The total assets is $75,000

The operating profit margin is 5%

= 5/100

= 0.05

The first step is to calculate the total sales

= $3,000×365/20

= $3,000×18.25

= $54,750

The asset turnover ratio can be calculated as follows

= Total sales/Total assets

= $54,750/$75,000

= 0.73

The ROA can be calculated as follows

= Assets turnover ratio×operating profit margin

= 0.73×0.05

= 0.0365×100

= 3.65%

Hence the assets turnover ratio and ROA is 0.73 and 3.65% respectively.

Excellent Manufacturers Inc. has a current production level of​ 20,000 units per month. Unit costs at this level​ are: Direct materials ​$0.26 Direct labor 0.40 Variable overhead 0.16 Fixed overhead 0.21 Marketing − fixed 0.25 ​Marketing/distribution − variable 0.42 Current monthly sales are​ 18,000 units. Jax Company has contacted Excellent about purchasing​ 1,550 units at​ $2.00 each. Current sales would NOT be affected by the one−time−only special​ order, and variable​ marketing/distribution costs would NOT be incurred on the special order. What is Ratzlaff​ Company's change in operating profits if the special order is​ accepted?

Answers

Answer:

The increase in operating profit is $1,829.00.

Explanation:

The rise or fall in the operating income:

= Purchase unit × ( offer price- direct material- direct labor- variable overhead)

The rise or fall in the operating income: = 1550× (2 - 0.26 - 0.4 - 0.16)

The rise or fall in the operating income: = $1829

Therefore the profit will increase by $1829

Here all the fixed cost is not considered because it is a sunk cost and variable and administrative expenses are also not considered because these costs are not going to be incurred for offer.

n the process of performance appraisal, _____ occurs when assessors rate all workers as average. a. halo error b. central tendency error c. similar-to-me error d. leniency error

Answers

Answer:

b. central tendency error

Explanation:

Central tendency error is the error in which the rater propensity could place the most items on the middle side of the rating scale. In this the employer puts the employees based on the performance i.e it varies from 4 to 7, 8 to 10, 1 to 3, etc

Therefore in the given situation, when the rate of assessors determined the rate for all workers as an average so the central tendency occurs

Hence, the correct option is b.

Bluegill Company sells 7,500 units at $320 per unit. Fixed costs are $120,000 and income from operations is $1,560,000. Determine the following: Round the contribution margin ratio to two decimal places.
a. Variable cost per unit $
b. Unit contribution margin $ per unit
c. Contribution margin ratio %

Answers

Answer:

a) $96 per unit

b) $224 per unit

c) 70%

Explanation:

We will have to compute variable cost and contribution margin

Sales $2,400,000

7,500 × 320

Less; Variable cost $720,000

Contribution margin $1,680,000

Less : Fixed cost $120,000

Operating income. $1,560,000

a) Variable cost per unit

= Total variable cost ÷ Total number of units

= $720,000 ÷ 7,500 units

= $96 per unit

b) Unit contribution margin

= Selling price per unit - Variable cost per unit

= $320 - $96

= $224

c) Contribution margin ratio

= (Selling price per unit - Variable cost per unit) ÷ Selling price per unit × 100

= ($320 - $96) ÷ $320 × 100

= $224 ÷ 320 × 100

= 70%

Gilley Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,000,000 of 10% convertible bonds outstanding during 2015. The preferred stock is convertible into 40,000 shares of common stock. During 2015, Gilley paid dividends of $.90 per share on the common stock and $3.00 per share on the preferred stock. Each $1,000 bond is convertible into 45 shares of common stock. The net income for 2015 was $600,000 and the income tax rate was 30%.

Diluted earnings per share for 2015 is:_____________ (rounded to the nearest penny)

Answers

Answer:

Gilley Co.

Diluted earnings per share for 2015 is:_____________ $1.68

Explanation:

a) Data and Calculations:

Number of common stock shares = 200,000

Number of convertible preferred = 40,000

Number of convertible bonds = 45,000 ($1,000,000/$1,000 x 45)

Total shares = 285,000

Earnings = $600,000

Income tax  (180,000)

Net Income $420,000

Plus preferred dividend = $60,000

Adjusted net income = $480,000

EPS = $480,000/285,000

= $1.68

b) After deducting income tax expense to arrive at the income after tax, then add the dividends of preferred stockholders before arriving at the adjusted net income for computing the earnings per share.

Dog Up! Franks is looking at a new sausage system with an initial cost of $445,000 that will last for five years. The fixed asset will qualify for 100 percent bonus depreciation in the first year, at the end of which the sausage system can be scrapped for $53,000. The sausage system will save the firm $139,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $25,000. If the tax rate is 23 percent and the discount rate is 11 percent, what is the NPV of this project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

The NPV of this project is $494,385.54.

Explanation:

Note: See the attached excel file for the calculation of the NPV.

Net present value (NPV) of project refers to the the difference between the project's present value of its cash cash inflows and the present value of of its cash outflows over a specific period of time.

Since inflow is positive and outflow is negative, NPV can also be calculated by just sum of both the inflows and outflows.

The NPV of this project $494,385.54.

Electronic Arts is a video game company that competes with Activision Blizzard. A condensed balance sheet for Electronic Arts and a partially completed vertical analysis are presented below.Cash and Short-term Investments $1,680 33% Accounts Payable $136 2%Accounts Receivable, Net 312 6 Accrued Liabilities 658 Inventories 42 1 Notes Payable (long-term) 2,009 40Other Current Assets 291 Total Liabilities 2,803 Intangibles 1,974 Common Stock 2,246 44Property and Equipment, Net 548 Retained Earnings 21 1Other Assets 223 4 Total Stockholders' Equity 2,267 45Total Assets $5,070 100% Total Liabilities & Stockholders' Equity $5,070 100%Required: a. Complete the vertical analysis by computing each line item as a percentage of total assets.b. What percentages of Electronic Arts' assets relate to intangibles versus property and equipment?

Answers

Answer:

a. Computation of percentages for Vertical Analysis

Other current Assets  -- (Other current assets/Total Assets) * 100 -- ($291/$5070)*100 -- 6%

Intangible -- (Intangibles/Total assets) * 100 --($1,974/$5,070)*100--39%

Property and Equipment,Net -- (Property and equipment,Net/Total assets)*100-- ($548/$5070)100 -- 11%

Accrued Liabilities -- (Accrued liabilities / Total liability and stockholders Equity)*100 -- ($658/$5070)*100-- 13%

Total Liabilities -- (Total liability/Total liabilities and stock holders Equity) * 100 -- ($2803/$5070) * 100 -- 55%

b. Percentage of intangible and Property and Equipment

Intangibles -- (Intangibles / Total assets) * 100 -- ($1,976/$5070 * 100) -- 39%

Property and Equipment -- (Property and Equipment, Net/Total Assets) * 100 -- ($548/$5070 * 100) -- 11%

Abby had a checkbook balance of $1,002.45. She paid $76.98 to the electric company and $254.34 to the water company. What is Abby’s current checkbook balance?

Answers

Answer:

$671.13

Explanation:

Abby had a checkbook balance of $1,002.45

$76.98 was paid to the electric company

$254.34 was paid to the water company

Therefore the current checkbook balance can be calculated as follows

=$1,002.45-($76.98+$254.34)

= $1,002.45-$331.32

= $671.13

Hence Abby's current checkbook balance is $671.13

The IMF policies that accompany most IMF loans are typically: Multiple Choice expansionary in the short run. procyclical in the long run. contractionary in the long run. contractionary in the short run.

Answers

Answer:

contractionary in the long run

Explanation:

contractionary fiscal policy reduces spending and raises taxes. it contract the economy by reducing the amount of money that is available for businesses and for people to spend. it could reduce government expenditure or increase taxes or in other times do both. useful during inflation

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