The Laffer curve shows that at some specific tax rate, tax revenue is maximized.
The Laffer Curve theory was developed by Arthur Laffer in 1974. The curve shows the relationship between tax rates and tax revenue. According to this theory, higher income tax rate diminishes the desire of labour to work and invest. This is because higher income increases the amount of tax to be paid. This means that at some point, increase in the tax rate would decrease government revenue rather than increase it.
The theory submits that there is an optimal tax rate at which tax income is maximised. Once this point is exceeded, increase in tax rate would reduce the revenue earned by the government.
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Subprime lending is thought to be a contributing factor to the recent housing bubble. Which is an example of subprime lending
Considering the recent housing bubble analysis, the example of subprime lending is Bradley is a first-time homebuyer who does not have enough money for the usual 20% required for a down payment. Nonetheless, a bank offers Bradley a loan because his income is sufficient and home prices have increased.
This is because subprime lending is a type of lending whereby the lender lends money to borrowers with low credit ratings.
Also, it should be noted that Above-average interest rates characterize subprime lending.
Given that Bradley can not afford the usual 20% required for a down payment, this shows he is a borrower with low credit ratings.
Hence, in this case, it is concluded that the correct answer is option A.
The available options are the following:
A. Bradley is a first-time homebuyer who does not enough money for the usual 20% required for a down payment. Nonetheless, a bank offers Bradley a loan because his income is sufficient and home prices have historically increased.
B. Jurgen wants to purchase a home and is hoping to minimize his monthly mortgage payments. The bank offers Jurgen an adjustable rate loan which has a lower initial rate but will potentially increase in the future.
C. Chris is a real estate tycoon. He owns many homes and apartment complexes. Because he owns so many properties, he is particularly vulnerable to fluctuations in the real estate market. His bank is willing to loan him more money despite this risk.
D. Vincenzo does not have sufficient income to afford the payments on the mortgage for which he is applying. However, Vincenzo\'s older and wealthier girl friend has agreed to co-sign the loan. The bank agrees to loan Vincenzo more than he can afford to repay because of existence of his co-signer.
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Imagine that in 2019 the economy is in long-run equilibrium. Then stock prices rise more than expected and stay high for some time. Refer to Scenario 33-2. In the short run what happens to the price level and real GDP
In the short-run, the effect on the price level and the real GDP is a. Both the price level and real GDP rise.
Since the economy is in long-run equilibrium in 2019, and the stock prices unexpectedly rise and stay high for a long time, it means that the price level does not:
Rise while the real GDP falls Fall while the real GDP rises Fall with the real GDP.
Question Options:
a. both the price level and real GDP rise.
b. the price level rises and real GDP falls.
c. the price level falls and real GDP rises.
d. both the price level and real GDP fall.
Thus, in the short-term of this economy both the price level and real GDP rise.
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What is clay item?Give your own no rude answer.
Answer:
things made up of wet clay minerals that are mixed in soil
Answer:
Clay is a type of fine-grained natural soil material containing clay minerals. Clays develop plasticity when wet, due to a molecular film of water surrounding the clay particles, but become hard, brittle and non–plastic upon drying or firing. ... Clay is the oldest known ceramic material.
On December 31, 2015, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2016. On February 28, 2016, Dow sold 60,000 common shares. In keeping with its long-term share repurchase plan, 2,000 shares were retired on July 1. Dowâs net income for the year ended December 31, 2016, was $2,100,000.
The income tax rate is 40%.
As part of an incentive compensation plan, Dow granted incentive stock options to division managers at December 31 of the current and each of the previous two years. Each option permits its holder to buy one share of common stock at an exercise price equal to market value at the date of grant and can be exercised one year from that date. Information concerning the number of options granted and common share prices follows:
Date Granted (adjusted for the stock dividend) Options Granted Share Price
31-Dec-14 8,000 $24
31-Dec-15 3,000 $33
31-Dec-16 6,500 $32
Required:
Compute Dowâs earnings per share for the year ended December 31, 2016.
Dowâs earnings per share for the year ended December 31, 2016 is $3 per share.
First step is to compute common shares on January 1 to December 31
Common shares on January 1 to December 31 = 600,000 ×(1 + 0.04) × (12/12)
Common shares on January 1 to December 31 = 600,000 × 1.04 ×1
Common shares on January 1 to December 31 =624,000
Second step is to compute common shares on February 28 to December 31
Common shares on February 28 to December 31 = 60,000 × (1 + 0.04) × (10/12)
Common shares on February 28 to December 31= 60,000 ×1.04 × (10/12)
Common shares on February 28 to December 31= 52,000
Third step is to compute number of repurchased shares on July 1 to December 31
Number of repurchased shares on July 1 to December 31 = 2,000 × (6/12)
Number of repurchased shares on July 1 to December 31 = 1,000
Fourth step is to compute number of weighted shares
Number of weighted shares=624,000 + 52,000- 1,000
Number of weighted shares= 675,000
Fifth step is to compute the earning per share
Earnings per share = (Net income - Preferred dividend) / Number of weighted shares
Earnings per share= ($2,100,000 - $75,000) / 675,000
Earnings per share= $2,025,000 / 675,000
Earnings per share=$3 per share
Inconclusion Dowâs earnings per share for the year ended December 31, 2016 is $3 per share.
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Which of the following statements/questions best illustrates communicating with candor?
a. “You drive me crazy by leaving stacks of paper all over the place.”
✔ b. “I’m finding it hard to get our work done with all of these stacks of paper on the table.”
c. “Why don’t you clean up this mess you made?”
d. “Are you this messy at home?”
e. All of these illustrate communicating with candor.
Statement/questions that serves as illustration as regards communication with candor is : B: I’m finding it hard to get our work done with all of these stacks of paper on the table.”
Whenever a candor is been exerted when one is engaging in a communication, then doing this will encourage other people to exert candor too.A candid information helps in getting and giving the needed information as regards the team performance as well as professional growth.Therefore, option B is correct.
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Which of the following tactics is NOT a good way to improve your writing?
a. To have more impact on readers, write a longer memo.
b. Write without jargon and use simple words.
c. Ask someone else to read your writing before sending it out.
d. Get to the point of the memo quickly.
Answer:
To have more impact on readers, write longer memos.
Explanation:
This won't necessarily improve your writing as you may not deliver your message clearly across to your reader if you use long or wordy memos, rather a simple straight to the point memo will be more effective.
Answer:
a. To have more impact on readers, write a longer memo.
Explanation:
Multiple-choice help me, pls.
16) If the supply of iPads increases, then
i. the supply curve for iPads has shifted rightward.
ii. the price of iPads has decreased.
iii. there will be a movement upward along the iPad supply curve.
A) i only
B) i, ii and iii
C) i and ii
D) ii and iii
E) i and iii
30) Which of the following statements is correct?
A) Consumer surplus equals the price paid for a good.
B) The consumer surplus from a good is always larger than the total benefit from the good.
C) An increase in price decreases consumer surplus.
D) An increase in price has no effect on consumer surplus.
E) The consumer surplus from a good or service must always equal producer surplus.
Answer:
33) A firm's marginal revenue is
A) the change in total revenue that results from a one-unit increase in the quantity sold.
B) total revenue minus total cost.
C) the change in total revenue minus the change in total cost.
D) the change in total revenue that results from an increase in the demand for the good or service.
E) less than the market price for a perfectly competitive firm.
Answer:
34) Suppose a perfectly competitive firm's minimum average variable cost is $3 when it produces 50. If the price is $2 and the firm's marginal cost is $2, the firm should
A) continue to produce, but produce more than 50.
B) continue to produce 50.
C) continue to produce, but produce less than 50.
D) shut down.
E) continue to operate, but to determine the amount of production needs more information than is given.
Answer:
42) Discretionary fiscal policy is a fiscal policy action, such as
A) an interest rate cut, initiated by an act of Congress.
B) an increase in payments to the unemployed, initiated by the state of the economy.
C) a tax cut, initiated by an act of Congress.
D) a decrease in tax receipts, initiated by the state of the economy.
E) an increase in the quantity of money.
Answer:
43) The magnitude of the government expenditure multiplier is ________ the magnitude of the tax multiplier.
A) greater than
B) equal to
C) less than
D) not comparable to
E) greater than for expansionary policy and less than for contractionary policy
Answer:
44) An increase in government expenditure can ________ potential GDP and an increase in taxes can ________ potential GDP.
A) increase; increase
B) increase; never change
C) decrease; decrease
D) never change; never change
E) increase; decrease
Answer:
45) When the Fed increases the federal funds rate,
A) there is no effect on investment because investment depends on the real interest rate.
B) the real interest rate falls, and investment increases.
C) the real interest rate rises, and investment decreases.
D) the real interest rate is unaffected, but investment still decreases.
E) the real interest rate rises, and investment does not change.
Answer:
46) The Fed raises the federal funds rate. Which of the following changes occurs most rapidly?
A) Exchange rate rises.
B) Consumption expenditure decreases.
C) Aggregate demand decreases.
D) Real GDP growth decreases.
E) Inflation rate decreases.
Answer:
47) If the Fed increases the quantity of money and lowers the federal funds rate, real GDP ________ and the price level ________.
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
E) increases; does not change
Answer:
48) Raising the federal funds rate shifts the aggregate demand curve ________ so that real GDP ________ and the price level ________.
A) rightward; increases; rises
B) leftward; decreases; rises
C) rightward; increases; falls
D) leftward; decreases; falls
E) leftward; increases; rises
Answer:
Mega Corporation repurchased 1,000 shares of its $1 par value common stock for $8,000. The effect of this transaction on the accounting equation includes a(n) ______. (Check all that apply.) Multiple select question. decrease in assets increase in assets increase in liabilities decrease in stockholders' equity increase in stockholders' equity decrease in liabilities
Answer:
Decrease in assets
Decrease in stockholder’s equity
Suppose Malaysia's production possibilities include a maximum of 120 units of rice or 300 units of lumber, and Canada's production possibilities include a maximum of 200 units of rice or 200 units of lumber. Then suppose each country initially allocates 50% of its labor to producing each product. a) Total production by the two countries equals tons of rice and ft3 of lumber. b) Now suppose that Malaysia increases the labor it allocates to lumber by 10%. Its lumber production rises by and its rice production falls by . c) Of Canada allocates its labor to increase its rice production by exactly the amount that Malaysia's rice production fell, by how much must its lumber production fall
A) the total production of Malaysia would be 60 tons of rice and 150 ft3 of lumber, and the total production of Canada would be 100 tons of rice and 100 ft3 of lumber; B) the production of rice would fall by 6 tons and the production of lumber would rise by 15 ft3; and C) Canada's lumber production would fall by 10 ft3.
Supposing Malaysia's production possibilities include a maximum of 120 units of rice or 300 units of lumber, and Canada's production possibilities include a maximum of 200 units of rice or 200 units of lumber, and supposing each country initially allocates 50% of its labor to producing each product, to determine A) the total production by the two countries equals tons of rice and ft3 of lumber, B) now supposing that Malaysia increases the labor it allocates to lumber by 10%, the number by which its lumber production rises by and its rice production falls by, and C) if Canada allocates its labor to increase its rice production by exactly the amount that Malaysia's rice production fell, by how much must its lumber production fall, the following calculations should be performed:
A)
120 x 0.5 = 60 300 x 0.5 = 150 200 x 0.5 = 100
B)
50 x 1.1 = 55 120 x 0.45 = 54 300 x 0.55 = 165
C)
200 x 0.55 = 110 200 x 0.45 = 90
Therefore, A) the total production of Malaysia would be 60 tons of rice and 150 ft3 of lumber, and the total production of Canada would be 100 tons of rice and 100 ft3 of lumber; B) the production of rice would fall by 6 tons and the production of lumber would rise by 15 ft3; and C) Canada's lumber production would fall by 10 ft3.
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Select the correct answer.
Zhu Dong manages a financial consulting firm of a few employees. He realizes that one of his best employees is facing problems at work. Dong plans to talk to the employee individually, hear out any grievances, and counsel the employee. Which type of communication does Dong plan to engage in?
A.
interpersonal communication
B.
departmental communication
C.
interdepartmental communication
D.
company-wide communication
Answer:
interpersonal communication
On 1 January 2011 a company issued five-year fixed-interest bonds with a face value of $5 million, paying half-yearly coupons at 8.25 per cent per annum. Coupons are payable on 30 June and 31 December each year until maturity. On 15 September 2013 the holder of the bonds sells at a current yield of 8.63 per cent per annum. Calculate the price at which the investor sold the bond.
The price at which the investor sold the bond equals the Present Value of the Interest and the Face Value to be $4,975,447.20.
Data and Calculations:
Face value of bonds = $5,000,000
Interest rate = 8.25% per year
Half-yearly interst payment = $206,250 ($5,000,000 x 8.25% x 1/2)
Interest payment = half-yearly
Interest payment dates = June 30 and December 31
Interest paid on the bonds = $1,031,250 ($5,000,000 x 8.25% x 2.5)
Interest to be paid on the bonds = $1,031,250 ($5,000,000 x 8.25% x 2.5)
Current yield of the bonds = 8.63% per annum
PV of interests to be paid at 8.63% p.a for 2.5 years = $910,119.53
PV of bonds face value at 8.63% p.a for 2.5 years = $4,065,327.67
Price of the bonds = $4,975,447.20 ($4,065,327.67 + $910,119.53)
Thus, the investor sold the bond at $4,975,447.20.
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Simko Company issued $680,000, 5-year, 5 percent bonds on January 1, 2021. The bonds were issued for $620,000. Interest is payable annually on December 31. Using straight-line amortization, prepare journal entries to record (a) the bond issuance on January 1, 2021, and (b) the payment of interest on December 31, 2021.
The Simko Company's Journal Entries to record the following transactions are as follows:
a) Bond Issuance on January 1, 2021:
Debit Cash $620,000
Debit Bonds Discount $60,000
Credit Bonds Payable $680,000
To record the issuance of bonds at a discount.b) Payment of Interest on December 31, 2021:
Debit Interest Expense $46,000
Credit Discount Amortization $12,000
Credit Cash $34,000
To record the payment of interest and amortization of discount.Data and Calculations:
Bonds Face value = $680,000
Bonds Proceeds = $620,000
Bonds Discounts = $60,000 ($680,000 - $620,000)
Maturity period = 5 years
Coupon interest rate = 5%
Interest payment = annually on December 31
Amortization method = straight-line
Annual amortization = $12,000 ($60,000/5)
December 31, 2021:
Cash payment = $34,000 ($680,000 x 5%)
Discount amortization = $12,000
Interest Expense = $46,000 ($34,000 + $12,000)
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what are the effects of business on environment? List them.
Answer:
The four main environmental issues that are most likely to influence the activities of a business are climate change, pollution, sustainability and waste reduction.
Explanation:
In a(n) ________, an individual or firm contracts with a parent company to set up a business or retail outlet.
There are different kinds of businesses. In a franchise system. an individual or firm contracts with a parent company to set up a business or retail outlet.
Franchising is simply known to be a type of contractual system. It is often used to commercialize products, services or technology.
There are five major types of franchises. They are: job franchise, product franchise, business format franchise, investment franchise and conversion franchise.
A franchise (or franchising) is simply known as a process of sharing products or services involving a franchisor, who establishes the trademark of the brand of a business system, and a franchisee, who is responsible for paying a royalty under the franchisor's name and system.
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A(n) _____ is an arrangement where workers who don't join a union must make payments equal to union dues and fees to get union representation services.
Workers who don't join a union must make payments equal to union dues and fees to get union representation services in an agency shop
A(n) agency shop is an arrangement where workers who don't join a union must make payments equal to union dues and fees to get union representation services.Agency is a business relationship in which a principal gives a legal right to an agent to act on his behalf. The agent acts on behalf of the principal when dealing with a third party.
Therefore, workers who don't join union in an agency shop must pay equal union dues and fees.
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XYZ Company had 200,000 shares of common stock outstanding on December 31, 2020. On July 1, 2021, XYZ issued an additional 44,000 shares for cash. On January 1, 2021, XYZ issued 16,000 shares of convertible preferred stock. The preferred stock had a par value of $100 per share and paid a 6% dividend. Each share of preferred stock is convertible into 8 shares of common. During 2021, XYZ paid the regular annual dividend on the preferred and common stock. Net income for the year was $270,000. Required: Calculate XYZ's basic and diluted earnings per share for 2021. (Round your answers to 2 decimal places.)
The XYZ Company's basic earnings per share are $0.71, while the diluted earnings per share are $0.72.
Data and Calculations:
Outstanding Common stock shares on Dec. 31, 2020 = 200,000 shares
July 1, 2021, Issuance of 44,000 shares
Total outstanding common stock
January 1, 2021, Issuance of 16,000 convertible preferred stock
Par value of preferred stock = $100 per share
The Dividend rate of preferred stock = 6%
Convertibility of preferred stock = 8 common shares
Net income = $270,000
Preferred dividend = $96,000 ($1,600,000 x 6%)
Earnings for common stockholders = $174,000 ($270,000 - $96,000)
Basic earnings per share = (Net income - Preferred Dividend)/244,000
= ($174,000)/244,000
= $0.71
Convertible Preferred into Common stock = 128,000 (16,000 x 8) shares
Total shares = 372,000 (244,000 + 128,000)
Diluted earnings per share = $270,000/372,000
= $0.73
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The following diagram shows the five styles of handling conflict. Select the correct label for each. Then read the scenario and determine which conflict-handling style to use in the given situation.
WORD BANK
- compromising
- collaborating
- dominating
- accommodating
- avoiding
Answer:
A. dominating
B. collaborating
C. compromising
D. avoiding
E. accommodating
Handling conflict in simple words we can say that it usually means handle a situation or the problem.
What is Handling style?Handling style are known to be the principles which gradually underline the methods which the managers use to handle situations.
The conflict handling style which would be used as per the diagram would be as The following diagram in the question shows the five styles of handling conflict it would be used as.
A. dominating
B. collaborating
C. compromising
D. avoiding
E. accommodating
Therefore in Handling style every manager has his own style of handling employees.
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#SPJ2
What is the importance of physical distribution?
All of the following is true about CRM, or Customer Relationship Management except:______.
a. It is an enterprise software
b. Accounting department uses it to facilitate billing
c. It is replacing the human resource department
d. It is the processes a company uses to track and organize all aspects of customer encounters
Answer:
B
Explanation:
The purpose of CRM is not to replace the human resource department.
Considering the available options, the statement that is not true about CRM or Customer Relationship Management is "Accounting department uses it to facilitate billing."
CRM is an enterprise software with a rough global market value of over $40 billion.
Because it is an automated system, many firms are now using it to replace the human resource department.
Also, CRM is known for being a process that a company uses to monitor and oversee all aspects of customer relations.
Hence, in this case, it is concluded that the correct answer is option B. "Accounting department uses it to facilitate billing."
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On January 1, 2022, Austin Company received a 12-month, $100,000 note with a stated rate of 7%. On April 30, 2022, Austin discounted the note at the Houston Bank. The bank's discount rate is 8%. What are the cash proceeds from discounting the note receivable?
Answer:
$101,293
Explanation:
$100,000 face amount + $7,000 interest to maturity ($100,000 x 7%) = maturity value less the discount for the time remaining to maturity of $5,707 ($107,000 x 8% x 8/12) = $101,293
If a disease infects and destroys a large amount of the nation's supply of tomatoes, what is likely to happen to the price of tomatoes? (Select the best answer.)
Question 5 options:
The price will go up.
The price will remain the same.
The price will go down.
Question 6 (1 point)
In cases of natural monopolies- such as utility companies- prices are kept under control MAINLY through
Question 6 options:
competition
supply and demand
free market forces
government regulation
Question 7 (1 point)
· firms produce and sell identical products
· firms have a relatively small market share
· consumers are aware of the products and their prices
· there are few barriers to entry into the market
All of these are describing what market type of market structure?
Question 7 options:
monopoly
oligopoly
monopolistic competition
perfect competition
Question 8 (1 point)
In the five C's, how is cost different from price? (Select the best answer.)
Question 8 options:
It includes all of the costs related to the product.
It makes it easier to promote the product.
It reduces the company's operating expenses.
It includes the company's operating costs.
Question 9 (1 point)
You notice that juice is now selling for much higher prices than in the past. Which two things would you expect to happen next? (Select two answers.)
Question 9 options:
Supply will go up
Demand will go down
Supply will go down
Demand will go up
Question 10 (1 point)
Needs, product, source, price, and time could all be known as ______.
Question 10 options:
Customer objections to a sale
Economic services
Sales promotion
Channel management function
Answer:
q5) price will go up
q6) government regulatories
q7) perfectly competitive
q8) includes all cost related to the product
q9)supply will go up and demand will go down
q10) customer objections to sale
List five kinds of harm that could occur to your own personal computer. Estimate the likelihood of each, expressed in number of times per year (number of times could be a fraction, for example, 1/2 means could be expected to happen once every two years). Estimate the monetary loss that would occur from that harm. Compute the expected annual loss from these kinds of harm.
The most frequent damages in computers are: Blue screen, Ram problems, continuous shutdown, slow performance, and virus infection.
Blue screen. It is estimated that it can happen 1/2 per year. It is one of the most common computer problems. Generally, it indicates a serious problem, which may be hardware or driver related, so the repair value is high, about $ 50.
RAM problems. It is estimated that it can happen 2/4 per year. It is a problem that is caused by misconfiguration, or a RAM slot is not fitting correctly, which causes it to not work. Its repair is worth about $ 25.
The computer shuts down by itself or restarts itself. It is estimated that it can happen 12/20 times per year. This damage is caused by lack of maintenance in the hardware or problems with the software. For example, if there is dust accumulated on the fans, this obstructs the air and does not allow the computer to cool properly, causing it to shut down. Your repair is worth about $ 50.
Slow performance. It is estimated that it can happen 45/50 times per year. This damage is caused by different factors. However, the most common is the lack of maintenance. Your repair costs about $ 15.
Computer infected with viruses. It is estimated that it can happen 6/10 in a year. Viruses are a type of software that can harm your computer and related systems. Your repair costs about $ 20.
According to the above, the total estimated cost per year for the computer fix is $ 160.
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On January 1, Year 1, Kennard Co. issued $2,000,000, 5%, 10-year bonds, with interest payable on June 30 and December 31 to yield 6%. The bonds were issued for $1,851,234. a. Prepare an amortization schedule for Year 1 and Year 2 using the effective interest rate method. Round answers to the nearest dollar. Enter all amounts as positive numbers.
The Amortization Schedule for Kennard Co. using the effective interest rate method is as follows:
Date Cash Interest Amortization Balance
Payment Expense
Jan. 1, Yr 1 $1,851,234
June 30 Yr 1 $50,000 $55,537 $5,537 $1,856,771
Dec. 31 Yr 1 $50,000 $55,703 $5,703 $1,862,474
June 30 Yr 2 $50,000 $55,874 $5,874 $1,868,348
Dec. 31, Yr 2 $50,000 $56,050 $6,050 $1,874,398
Data and Calculations:
Face value of bonds = $2,000,000
Bonds Proceeds = 1,851,234
Bonds Discounts = $148,766
Maturity period = 10 years
Coupon interest rate = 5%
Market interest rate = 6%
Payment of interest = June 30 and December 31 annually
June 30, Year 1:
Interest Expense = $55,537 ($1,851,234 x 6% x 1/2)
Cash payment = $50,000 ($2,000,000 x 5% x 1/2)
Amortization of discount = $5,537 ($55,537 - $50,000)
Bonds Payable value = $1,856,771 ($1,851,234 + $5,537)
December 31, Year 1:
Interest Expense = $55,703 ($1,856,771 x 6% x 1/2)
Cash payment = $50,000 ($2,000,000 x 5% x 1/2)
Amortization of discount = $5,703 ($55,703 - $50,000)
Bonds Payable value = $1,862,474 ($1,856,771 + $5,703)
June 30, Year 2:
Interest Expense = $55,874 ($1,862,474 x 6% x 1/2)
Cash payment = $50,000 ($2,000,000 x 5% x 1/2)
Amortization of discount = $5,874 ($55,874 - $50,000)
Bonds Payable value = $1,868,348 ($1,862,474 + $5,874)
December 31, Year 2:
Interest Expense = $56,050($1,868,348 x 6% x 1/2)
Cash payment = $50,000 ($2,000,000 x 5% x 1/2)
Amortization of discount = $6,050 ($56,050 - $50,000)
Bonds Payable value = $1,874,398 ($1,868,348 + $6,050)
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SEVEN (7) rewards and THREE (3) Challenges of the CEO of this company
What? What does this mean?
Lilly would like to start investing. What tools and services can she benefit from?
Answer:
stocks, mutual funds, retirement investments
Explanation:
Brenda and Felicity each deposit $200 in the same type of interest-earning
retirement account each month. Brenda began at age 30, and Felicity began
at age 40. Assuming they each retire at 67, which statement is true?
A. Felicity will have more money in her retirement account.
B. They will both have the same amount of money in their retirement
accounts.
C. Brenda will have more money in her retirement account.
D. Neither of them will be able to use the money in their retirement
accounts until several years after they retire.
Answer:
c
Explanation:
Assuming they each retire at 67, the statement is true Brenda will have more money in her retirement account. Thus the correct option is C.
What is a retirement account ?A retirement account is referred to as a type of saving account in which teh pension and other benefits received by an individual during their course of career will be collected which helps them during their age of retirement when they do not have any active source of income.
In the example, it is stated that Brenda and Felicity each contribute $200 each month to the same kind of interest-bearing retirement account. Felicity started at age 40, while Brenda started when she was 30.
Assuming that each retires at 67, Brenda will have more money in her retirement account as she started putting the amount earlier than the Felicity, so have more savings than Felicity.
Therefore, option C is appropriate.
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Please help! Need an expert in this and will give 50 points and brainliest if it’s answered. Getting reported if it’s answered for points
Pat Jones is a college student who is planning some networking opportunities for the current semester. Pat wanted to look professional for these events and felt a new suit would be a real benefit; however, the cost for the first event ended up being $75 which was a strain on the budget. Pat did not want to attend the
remaining three events in the same outfit, so a new strategy was developed. Instead of paying for new suits in cash, Pat decided to charge the suits on a credit card, wear them to the events, and then return them the next
day for full credit.
2. Do you feel Pat's new strategy is ethical? Why or why not? Could there be any consequences with this strategy?
3. How will this new strategy impact the company/companies where the suits are purchased?
4. What journal entry/entries would the company have to record related to the return of the suit?
Answer:
2. I feel like Pat's new strategy isn't ethical. Pat doesn't pay for the suits; he just buys them and then returns them. Pat benefits, but the store he gets the suits from doesn't. In fact, they are harmed from this transaction because they are unable to have the suit for others to buy while Pat has it. There could be consequences with this strategy. For example, the suit might be damaged, and Pat won't be able to return it. Another problem is that others might find out about Pat's strategy, and they might view them as unprofessional. This is a problem for Pat since the reason Pat wore those suits was to look professional.
3. The stores are harmed from this transaction. They are unable to sell the suits to other buyers. The stores lose potential customers, so the stores lose potential money.
4. The companies should record that Pat had bought the suit only to return it the next day, so that they can act accordingly when Pat or someone else comes back to "buy" a suit.
Explanation:
12. What is the tendency of suppliers to offer more of a good at a higher price?
Is Cab Service in the UK is Excellent Choice for Transport?
Cab services are the best option for transportation in the UK.
Cabs are a type of personalized transport that works in the United Kingdom, this service offers several advantages compared to taxis such as:
It is cheaper than taxis.It is more comfortable and less disturbing.They have several options for the number of people traveling.They can be booked easily and quicklyOffers a much faster transportation service than buses or black taxisIt is available 24 hours a day, 7 days a week.Based on the above, it can be inferred that Cabs are the best transport service in the UK.
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The first step in pursuing your financial goals is_______. PLEASE HELP
Answer:
The first step towards realizing your financial goals is creating a realistic budget. A budget is simply a spending plan that is based on your expenses and income. A written plan helps you stay on track, day to day and month to month, for meeting your financial goals. For most students, debt is a part of life.
Explanation:
Hope this helps!
The first step towards realizing our financial goals is creating a realistic budget and evaluating our current financial situation.
What is a budget?Simply put, a budget is a spending plan based on our income and outgoings. A written plan keeps you on track to meet your financial goals on a daily and monthly basis. It is a financial plan that details expected expenses and income for a specific time period.
To assist us in achieving our financial objectives, develop a financial plan. Taking inventory of what we have and considering what we need is a good place to start. Keep track of our income and expenses. We may move forward with confidence when we know how much money we can dedicate to certain objectives each month.
Therefore, a realistic budget is the first stage of the financial planning process and it can change our financial situation.
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