Joe, being a single person, has a marginal tax rate of 37 percent. His long-term capital gains and qualified dividends would be taxed at 20 percent. Hence, the correct option is (b) 20 percent.
Long-term capital gains and qualified dividends are generally taxed at a lower rate compared to ordinary income. This is because the government provides incentives to encourage people to invest in the stock market and hold onto their investments for a longer period of time. In the United States, the tax rate on long-term capital gains and qualified dividends depends on the individual's income tax bracket. For individuals who have a marginal tax rate of 10 percent or 12 percent, their long-term capital gains and qualified dividends would be taxed at 0 percent. For individuals who have a marginal tax rate of 22 percent, 24 percent, 32 percent, or 35 percent, their long-term capital gains and qualified dividends would be taxed at a rate of 15 percent. However, for individuals who have a marginal tax rate of 37 percent, their long-term capital gains and qualified dividends would be taxed at a rate of 20 percent. Hence, Joe's long-term capital gains and qualified dividends would be taxed at a rate of 20 percent.
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journal
March 01 March 03 March 09 March 15 March 27 Debit balance of Binod account Rs.25,000. Sold goods to Binod Rs.20,000. Sold goods for cash Rs. 10,000. Cheque received f
Journal entries of the given transactions are as follows.
Debit balance of Binod account Rs.25,000.Binod A/C.......Dr 25000
To cash A/C 25000
Sold goods to Binod Rs.20,000.Binod A/C.......Dr 20000
To Sales A/C 20000
Sold goods for cash Rs. 10,000.cash A/C.......Dr 10000
To Sales A/C 10000
A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
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You click on a job and see that you have a “Connection” at that company. Brainstorm 1-2 steps you might want to take with this connection if you are interested in applying. Explain your reasoning.
Answer:
make a resume and get an application to apply
Explanation:
If any person are the applying, the job as the scene to the connection of the company as the add-on the reference as the on the resume.
What is job?
The term "job" refers to employment with a certain company. A job is also known as the amount of money that a corporation pays its employees. The employment has provided the opportunity to pursue a career. A job provides financial assistance as well as experience. There are four types of people: producers, builders, thinkers, and improvers.
A person is the need of the job. To search the job are the seen the connection of the company are with the help of the resume to take to apply as the lastly add-on the reference. The reference was the important in the resume to apply for the job are the easily to grab the opportunities.
As a result, a person is to apply for the job.
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Sky Communications is considering the purchase of a new satellite. The firm believes the satellite will help generate future earnings. In addition, the firm recognizes the tax benefits of a lower net income provided by the annual ________ of the asset.
Sky Communications is considering the purchase of a new satellite, which they believe will help generate future earnings. Additionally, the firm recognizes the tax benefits of a lower net income provided by the annual depreciation of the asset.
Depreciation is a way of allocating the cost of a tangible asset over its useful life. In this case, the satellite is the tangible asset, and its cost will be spread over the period it will be used by the company. The annual depreciation expense reduces the company's net income, which in turn provides tax benefits, as lower net income results in lower taxes owed. By taking advantage of these tax benefits, Sky Communications can increase their after-tax cash flows and ultimately improve their bottom line.
In summary, by purchasing the satellite, Sky Communications can increase future earnings and benefit from the tax advantages due to the asset's annual depreciation.
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on july 1, bahama excursions issues a $100,000, eight-month, 6% note. interest is payable at maturity. what is the amount of interest expense that the company would record in a year-end adjusting entry on december 31?
3000 is the amount of interest expense that the company would record in a year-end adjusting entry on december 31.
What is the amount of interest expense?On july 1, bahama excursions issues a $100,000, eight-month, 6% note. interest is payable at maturity
Maturity date equals March 1 plus July 1 plus 8 months.
Total interest earned at maturity is equal to =100,000 (0.06)(8/12) = 4000
As of December 31, there were 6 months.
As a result, the following equation gives the amount of interest expense that the corporation would report in a year-end adjustment on December 31:
4000/8 *6 = 3000
3000 is the amount of interest expense that the company would record in a year-end adjusting entry on december 31..
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Best Coffee Enterprises is dealing in a variety of coffee like Expresso, Cappuccino, and Caffe latte etc. It has several outlets in the city. It has a good financial standing and enjoys a good reputation in the market. It purchases high-quality coffee beans from Global Traders and pays them at a future date. Briefly explain the source of finance given by Global Traders to Best Coffee Enterprises.
Different sources of finance exist operated by various companies. Global Traders exist offering Trade Credit as a source of finance to the Best Coffee enterprises. Trade credit exists as a business-to-business (B2B) arrangement in which a customer can buy goods without spending cash up front, and delivering the supplier at the latest scheduled date.
What are the features of trade credit?It exists referred to as the payment holds authorized by the creditor for a specified period for their raw material.It exists usually comprehended as an instant source of finance.It usually occurs in B2B businesses where the payees exist and desired to pay within their established deadline.Trade credit exists as a business-to-business (B2B) arrangement in which a consumer can buy goods without spending cash up front, and paying the supplier at a later scheduled date. Usually, companies that work with trade credits will give customers 30, 60, or 90 days to pay, with the transaction recorded through an invoice.
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FIFO, LIFO, and weighted average inventory costing methods are based on:assumptions that accountants make about the flow of inventory costs. the accounting equation (assets = liabilities + stockholders' equity). surveys taken that ask real companies how they value their inventories. the actual physical flow of goods purchased and sold by a business.
On the other hand, LIFO methods are predicated on cost flow assumptions. FIFO is an inventory valuation approach where the first purchased products are sold first.
The Last-In, First-Out (LIFO) approach is predicated on the idea that the most recent or most recent unit to enter inventory gets sold first. The oldest unit of inventory is supposed to be sold first according to the First-In, First-Out (FIFO) technique.
The cost of the earliest inventory items sold is added to determine FIFO. The price of the first 10 goods purchased as inventory is put together, for instance, if 10 units of inventory were sold. The cost of items sold is the same as this. The price of these ten goods may vary based on the valuation technique selected.
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Which of the following statements is true? A) Commercial paper is primarily issued for long-term needs. B) Commercial paper is primarily issued by banks. C) Commercial paper is primarily issued for long-term needs and Commercial paper is primarily issued by banks. D) Neither Commercial paper is primarily issued for long-term needs nor is Commercial paper primarily issued by banks.
Commercial paper is primarily issued for short-term needs and is not primarily issued by banks. The correct statement is D).
Commercial paper is a short-term debt instrument issued by corporations, financial institutions, and other large entities to meet their short-term financing needs. It typically has a maturity period ranging from a few days to several months. Commercial paper is considered a low-cost alternative to traditional bank loans for meeting short-term funding requirements.
Commercial paper is primarily issued by corporations and financial institutions, including large commercial and industrial companies, as well as finance companies. Banks may also issue commercial paper, but they are not the primary issuers. Commercial paper allows these entities to raise funds quickly and efficiently from investors, such as money market funds and institutional investors, to cover their working capital needs, bridge temporary cash flow gaps, or finance specific projects.
In summary, commercial paper is predominantly issued for short-term needs and is commonly issued by corporations and financial institutions rather than primarily by banks.
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Use the exponential regression tool on your calculator to find a function of the form P(t) - a(b)² that best fits the data, where t is in years after 1900. ROUND a AND b TO SIX DECIMAL PLACES From the calculator, a= and b =
To find a function of the form P(t) = a(b)² that best fits the given data, use the exponential regression tool on your calculator.
To use the exponential regression tool on a calculator to find a function of the form P(t) = a(b)² that best fits the data, you will need to follow these steps:
1. Enter the data into your calculator. Make sure that the values for t (years after 1900) are entered into one list, and the values for P(t) are entered into another list.
2. Press the "STAT" button on your calculator, and then select "EDIT" to edit your data lists.
3. Press the "STAT" button again, and then select "CALC" to access the calculator's statistical functions.
4. Scroll down to "ExpReg" or "Exponential Regression" and select it.
5. When prompted for the input variables, enter the list containing the values for t as the "X" variable, and the list containing the values for P(t) as the "Y" variable.
6. Press "ENTER" to perform the regression analysis.
7. The output will include the values for a and b, which you should round to six decimal places.
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5. If you wanted to show how many employees at your office ride a bicycle to work in comparison to the number of employees who drive a car, take public transportation, or walk, what visual would be best? (1 point)
Answer:
a bar graph
Explanation:
A bar graph may be defined as a visual representation of the categorical data or information which is represented by rectangular shape bars with their lengths or height proportional to the values they represent. A bar graph is also known as bar charts.
The rectangular bars can be plotted either vertically or horizontally.
In the context, a bar graph or a bar chart would be the best option to represent the number of employees who ride a bicycle and come to office and compare them to the number of employees who takes a public vehicle, drives a car or even come to office by walking.
Is it surprising to you that a relatively small company like sunny delight could end up with so many different analytics tools? how might the fact that sunny delight has changed ownership multiple times have impacted the number and variety of bi tools being used? 2. what are some of the trade-offs of a move to an enterprise-level analytics solution for individual end users who might have grown accustomed to working with their own customized solutions for generating data? 3. according to a recent report by gartner, most business users will have access to some sort of selfservice bi tool within the next few years; however, gartner estimates that less than 10 percent of companies will have sufficient data governance practices in place to prevent data inconsistencies across the organization. why do you think so many companies continue to invest in new analytics tools without implementing governance programs that ensure data consistency?
Yes, it is surprising that a relatively small company like Sunny Delight uses too many analytics tool. To understand profits and margins, one tool is sufficient for their reports.
Yet, Sunny Delight is a corporation that makes use of several cloud-based, self-service business intelligence solutions.
When switching from an individually personalised solution to an enterprise level solution, some trade-offs are necessary.
In the enterprise-level solution, users must be granted a certain amount of control over their data.
Training should be provided to employees using tailored analytics so they can apply methods for enterprise level solutions.
The corporate level solution needs to be user-specific and pleasant, as well as environmentally responsible.
It is important to give orientation and training so that the user becomes comfortable with the new technology.
Although investing in analytical tools helps the firms manage the enormous quantity of data that creates each day, too many businesses continue to do so without putting governance procedures in place that guarantee data consistency. These BI tools assist in creating a database of useful data from begin.
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The sales force will be more likely to be successful when the company's corporate culture and marketing strategy are:
Increase Sales Revenues, Lead Conversion, Deployment Rate & More. Learn More. Unify marketing, sales, service, commerce, and IT on the world's #1 CRM. i hope this helps you! <3 P.S wish you luck!
What isa premises account
Answer:
A current asset is any asset that will provide an economic value for or within one year. Premises, or the property where business is done, is a part of the property, plants, and equipment, or PP&E, account. All PP&E has a useful life longer than one year, premises included, so it is considered a non-current asset.
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Which type of insurance offers flexible premiums, a flexible death benefit and the choice of how the cash value will be invested?
The type of insurance that offers flexible premiums, a flexible death benefit, and the choice of how the cash value will be invested is known as variable universal life insurance (VUL).
With VUL, policyholders have the ability to adjust their premium payments based on their financial situation. They can also choose the amount of death benefit they want, which can be adjusted as their needs change over time.
Additionally, VUL policies allow policyholders to invest the cash value portion of their policy in a variety of investment options, such as stocks, bonds, or mutual funds. This gives them the opportunity to potentially grow their cash value at a higher rate than traditional universal life insurance policies.
However, it is important to note that investing in the market carries risks, and the cash value can fluctuate depending on the performance of the chosen investments. Policyholders should carefully consider their risk tolerance and investment goals before choosing a VUL policy.
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Calvin deposits $400 in a savings account that accrues 5% interest compounded monthly. after c years, calvin has $658.80. makayla deposits $300 in a different savings account that accrues 6% interest compounded quarterly. after m years, makayla has $613.04. what is the approximate difference in the number of years that calvin and makayla have their money invested? makayla invests her money 1 year longer. makayla invests her money 2 years longer. calvin invests his money 1 year longer. calvin invests his money 2 years longer.
According to equation, the approximate difference between Calvin and Makayla's number of years of money invested is 2 years.
What is compound interest?
Compound interest is refers to an amount implemented on the principal amount along wit the accumulated interest with a fixed rate of interest for a time period.
Solution:-
Given Information:
Calvin deposits= $400Interest rate=5%final amount Calvin =$658.80
Here, Compound interest= A=P (1+r/t)t
Monthly compound interest,
658.8=400(1+5/12*100)12c
658.8/400=(1205/1200)12c
c=10 years
Now Makayla deposits $300 in a different savings account that accrues 6% interest compounded quarterly. The final amount she gets is $613.4 in m years. Thus,
613.4=300(1+6/12*100)12m
613.4/300=(1206/1200)12m
c=12 years.
Thus, the approximate difference in the number of years that Calvin and Makayla have their money invested is 2 years.
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Answer:
B. Makayla invests her money 2 years longer.
Explanation:
INVESTMENT MANAGEMENT
. Explain the THREE (3) sub-hypotheses of the Efficient
Hypotheses and discuss the
implications of each of them
The Efficient Market Hypothesis(EMH) is a theory that suggests that financial markets are efficient and incorporate all available information into the prices of securities. It is assumed that each and every information which affects the prices of securities is known in the market.
There are three sub-hypotheses that support the Efficient Hypothesis - Weak Form Efficiency, Semi-Strong Form Efficiency and Strong Form Efficiency.
Weak Form Efficiency: The weak form of the EMH asserts that all past price and volume information is already reflected in the current stock prices. This means that it is not possible for investors to gain an advantage by solely relying on historical market data or technical indicators to predict future price movements.
Semi-Strong Form Efficiency: The semi-strong form of the EMH goes a step further and states that all publicly available information, including both past prices and publicly disclosed information such as news, financial statements, and analyst reports, is already reflected in the current stock prices. It is difficult for investors to gain an advantage by analyzing publicly available information alone.
Strong Form Efficiency: The strong form of the EMH suggests that all information, whether it is public or private, is already incorporated into stock prices. No individual or group of investors has access to information that can be consistently used to outperform the market.
Implications: The following are the implications of the sub hypothesis :
Active versus Passive Investing: It is difficult for investors to outperform the market every time. It opens up the option of passive investment the investors.
Market Efficiency and Information: This has implications for the speed and accuracy with which information is priced into the market, influencing investor decision-making.
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c) It seems clear that the future is likely to involve more technology, not less, so that engineers will face demands for Innovation and Invention design of technical systems of unprecedented complexity. Distinguish between Innovation and Invention as applied to technological Design.
Innovation involves improving existing technology through new ideas and methods, while invention is the creation of entirely new technology or systems. Both are crucial for engineers in the face of increasing technological complexity.
In the context of technological design, innovation and invention play distinct roles. Innovation involves improving upon existing technology by introducing new features, enhancing functionality, or finding more efficient ways of achieving a goal. It focuses on incremental advancements and refinements to existing systems. Engineers involved in innovation work with the foundation already in place and seek to optimize it further. For example, a smartphone company may innovate by introducing a faster processor or a more advanced camera system.
On the other hand, invention involves the creation of entirely new technology or systems. It represents a breakthrough moment when something groundbreaking and unprecedented is brought into existence. Invention often requires a high level of creativity and a deep understanding of scientific principles. Engineers involved in invention push the boundaries of what is currently known and strive to develop revolutionary concepts. For instance, the invention of the internet or the development of electric vehicles are examples of major technological breakthroughs.
In summary, innovation focuses on improving and refining existing technology, while invention involves the creation of entirely new technology or systems. Both processes are crucial for engineers in the face of increasing technological complexity, as they provide avenues for progress, advancement, and meeting the demands of the future.
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true or false Resource owners must feel that their incomes are large enough so that they will continue to supply resources
Answer:
True.
Explanation:
state 3 typical land uses in rural-urban fringe
Answer:
The urban-rural fringe contains a mixture of land use. this includes residential areas, recreational facilities such as golf courses and farming. These areas tend to contain areas of better quality housing. Gardens and houses are larger due to lower land values and more open space.
Answer:
The urban-rural fringe contains a mixture of land use. this includes residential areas, recreational facilities such as golf courses and farming. These areas tend to contain areas of better quality housing. Gardens and houses are larger due to lower land values and more open space.
Explanation:
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How do I create a Complio account?
Creating a Complio account is a simple process that can be completed in just a few steps, the steps are as follows:
Go to the Complio websiteClick on the "Create Account" button Enter your personal informationVerify your email addressLog in to your account Complete your profileComplio is a web-based platform that provides students and institutions with a secure and efficient way to manage their compliance requirements. By creating a Complio account, students can easily track their compliance status, submit required documents, and receive notifications when their compliance requirements are due.
Here is a step-by-step guide on how to create a Complio account:
Go to the Complio website: The first step to creating a Complio account is to visit the company's website.
Click on the "Create Account" button: On the homepage, look for the "Create Account" button and click on it.
Enter your personal information: Once you have clicked on the "Create Account" button, you will be prompted to enter your personal information, such as your name, email address, and password.
Verify your email address: After entering your personal information, you will need to verify your email address by clicking on a confirmation link that will be sent to your inbox.
Log in to your account: Once you have verified your email address, you can log in to your Complio account.
Complete your profile: After logging in, you will be prompted to complete your profile by adding any additional information that is required by your institution.
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Geographers call regular alterations of flow rates of energy or matter of a flow system _____________. Answers: A. time cycles B. inflows C. outputs D. equilibrium states
Geographers call regular alterations of flow rates of energy or matter of a flow system time cycles. So, option a is correct answer.
The regular alterations of flow rates of energy or matter of a flow system are called time cycles. Time cycles are periodic changes in the flow rate of material and energy in a flow system. The cycles vary depending on the flow system and can be yearly, monthly, daily, or even hourly, with the cycle length being dependent on the size of the system and the type of flow being measured.
An example of a time cycle is a seasonal cycle. The seasonal cycle affects the Earth's biomes, which are the world's ecological communities. This cycle includes the changes in weather patterns, animal migrations, and plant growth cycles. The regular time cycles associated with biomes also impact human societies in terms of food production and management. So, option a is correct answer.
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Income that is received as wages and is not adjusted for inflation is called ______ income. Multiple choice question.
Income that is received as wages and is not adjusted for inflation is called disposable income.
What is disposable income?Disposable income is the available money for an individual to spend.
Charges such as tax will have been removed and the remaining is what an household spends.
Therefore, Income that is received as wages and is not adjusted for inflation is called disposable income.
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For years, Andrew worked for a national airline as a pilot. When the stress got to him, he decided to simplify his life. He packed his bags and moved to Key West. Andrew decided to start his own transportation and touring service for travelers. To accomplish his goal, he needed to purchase a small commuter plane. He only had one problem-money.
Andrew telephoned his very wealthy uncle in Seattle to see if he would like a piece of the action. Andrew proposed that he would run the day-to-day activities of the company, while his uncle would just provide a percentage of the capital. His uncle agreed, and Andrew contacted an attorney to develop a written agreement.
The form of business ownership or ownership strategy depicted in this case is a partnership.
What is the explanation for the above response?Specifically, it appears to be a limited partnership where Andrew is the general partner who will manage the day-to-day activities of the company, and his uncle is the limited partner who will only provide a percentage of the capital.
The agreement developed by the attorney will likely outline the roles and responsibilities of each partner, the percentage of ownership and profit distribution, and any limitations on the limited partner's involvement in the company's management.
This ownership structure allows Andrew to benefit from his uncle's financial support while still retaining control over the business's operations.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Determine the form of business ownership or ownership strategy that this case depicts. You need to write a detailed reason for your choice.
For years, Andrew worked for a national airline as a pilot. When the stress got to him, he decided to simplify his life. He packed his bags and moved to Key West. Andrew decided to start his own transportation and touring service for travelers. To accomplish his goal, he needed to purchase a small commuter plane. He only had one problem-money.
Andrew telephoned his very wealthy uncle in Seattle to see if he would like a piece of the action. Andrew proposed that he would run the day-to-day activities of the company, while his uncle would just provide a percentage of the capital. His uncle agreed, and Andrew contacted an attorney to develop a written agreement.
4. Tim moves to a different state and buys a house in his new city. His new house is bigger than the apartment he lived in before, so he also buys new furniture. His property taxes are higher for his new house, but sales tax he pays on his new furniture is lower. Which of these taxes is progressive, and which are regressive? What is the difference between a progressive and a regressive tax? (8 points)
Answer:
Property tax is progressive
Sales Tax is regressive
A progressive tax is one that takes a higher proportion of revenue from high-income people than it does from low-income people. A regressive tax is one that takes a higher percentage of low-income people's income than it does from high-income people.
Explanation:
Is it necessary to allocate resources?
Answer:
It depends on the context.
Explanation:
In the example of a government allocating resources to the country then yes. They would set budgets/allocate certain amount of resources to ensure there is enough resources for each department.
This is similar to how we manage finances on a daily or monthly basis (?) e.g. our parents give us pocket money every day so we have a limited funding and do not overspend
We then decide what we want to spend our money (allocating resources) on so we can get what we want to buy or what we want to save
Anyone know how to work powerpoint?
Pure Company purchased 70% of the ordinary shares of Gold Company on January 1, Year 6, for $488,300 when the latter company’s accumulated depreciation, ordinary shares, and retained earnings were $78,400, $500,000 and $44,600, respectively. Noncontrolling interest was valued at $203,900 by an independent business valuator at the date of acquisition. On this date, an appraisal of the assets of Gold disclosed the following differences: Carrying amount Fair value Land $ 183,000 $ 253,000 Plant and equipment 732,000 807,000 Inventory 168,000 155,000 The plant and equipment had an estimated life of 20 years on this date. The statements of financial position of Pure and Gold, prepared on December 31, Year 11, follow: Pure Gold Land $ 128,000 $ 183,000 Plant and equipment 655,000 980,000 Less accumulated depreciation (166,000 ) (188,000 ) Patent (net of amortization) 48,500 — Investment in Gold Co. shares (cost method) 488,300 — Investment in Gold Co. bonds 227,000 — Inventory 242,000 196,500 Accounts receivable 249,150 202,000 Cash 58,670 63,000 $ 1,930,620 $ 1,436,500 Ordinary shares $ 750,000 $ 500,000 Retained earnings 1,121,340 437,500 Bonds payable (due Year 20) — 382,000 Accounts payable 59,280 117,000 $ 1,930,620 $ 1,436,500 Additional Information Goodwill impairment tests have resulted in impairment losses totalling $9,360 of the goodwill at the date of acquisition. On January 1, Year 1, Gold issued $400,000 of 8½% bonds at 90, maturing in 20 years (on December 31, Year 20). On January 1, Year 11, Pure acquired $200,000 of Gold’s bonds on the open market at a cost of $230,000. On July 1, Year 8, Gold sold a patent to Pure for $80,000. The patent had a carrying amount on Gold’s books of $59,000 on this date and an estimated remaining life of seven years. Pure uses tax allocation (40% rate) and allocates bond gains between affiliates when it consolidates Gold. Pure uses the cost method to account for its investment in Gold Company and the straight-line method to account for the amortization of bond premiums and discounts. Required: Prepare a consolidated statement of financial position as at December 31, Year 11. (Amounts to be deducted should be indicated with a minus sign. Do not round your intermediate calculations. Round your final answers to nearest whole dollar.)
The consolidated statement of financial position as of December 31, Year 11, includes adjustments for fair value differences, goodwill, and noncontrolling interest.
To prepare a consolidated statement of financial position as of December 31, Year 11, for Pure and Gold Companies, follow these steps:
Step 1: Calculate the noncontrolling interest (NCI).
The noncontrolling interest is calculated as the percentage of ordinary shares not owned by Pure Company. In this case, Pure owns 70% of Gold Company, so the NCI is 30%.
NCI = Fair Value of Gold - Pure's Investment in Gold = $1,436,500 - $488,300 = $948,200
NCI = 30% * $948,200 = $284,460
Step 2: Calculate the consolidated carrying amounts.
To calculate the consolidated carrying amounts, add up the respective line items from the statements of financial position of Pure and Gold, adjusting for the investment and bond transactions.
Step 3: Adjust for the differences in fair value of assets.
Take into account the differences in fair value of assets identified at the date of acquisition. Increase the carrying amounts of Land, Plant and Equipment, and decrease the carrying amount of Inventory accordingly.
Land: Increase by $70,000 ($253,000 - $183,000)
Plant and Equipment: Increase by $75,000 ($807,000 - $732,000)
Inventory: Decrease by $12,500 ($155,000 - $168,000)
Step 4: Recognize goodwill.
Calculate the goodwill by subtracting the fair value of Gold's net identifiable assets from the consideration paid by Pure.
Goodwill = Consideration Paid - Fair Value of Net Identifiable Assets
Consideration Paid = Pure's Investment + NCI = $488,300 + $203,900 = $692,200
Fair Value of Net Identifiable Assets = Fair Value of Land + Fair Value of Plant and Equipment + Fair Value of Inventory = $253,000 + $807,000 + $155,000 = $1,215,000
Goodwill = $692,200 - $1,215,000 = -$522,800
Step 5: Prepare the consolidated statement of financial position.
Consolidate the line items from the statements of financial position of Pure and Gold, including the adjustments for fair value differences, goodwill, and the noncontrolling interest.
The consolidated statement of financial position as of December 31, Year 11:
Land: $128,000 (Pure) + $70,000 (Increase) = $198,000
Plant and Equipment: $655,000 (Pure) + $75,000 (Increase) = $730,000
Accumulated Depreciation: $166,000 (Pure) + $188,000 (Decrease) = $354,000
Patent (Net of Amortization): $48,500 (Pure)
Investment in Gold Co. Shares: $488,300 (Pure)
Investment in Gold Co. Bonds: $230,000 (Pure)
Inventory: $242,000 (Pure) - $12,500 (Decrease) = $229,500
Accounts Receivable: $249,150 (Pure) + $202,000 (Gold) = $451,150
Cash: $58,670 (Pure) + $63,000 (Gold) = $121,670
Ordinary Shares: $750,000 (Pure) + $500,000 (Gold) = $1,250,000
Retained Earnings: $1,121,340 (Pure) + $437,500 (Gold) = $1,558,840
Bonds Payable: $382,000 (Gold)
Accounts Payable: $59,280 (Pure) + $117,000 (Gold) = $176,280
Noncontrolling Interest: $284,460
Note: The values for Patent, Investment in Gold Co. Shares, and Investment in Gold Co. Bonds remain the same as the given information in the statement of financial position for Pure.
The consolidated statement of financial position provides a snapshot of the combined financial position of Pure and Gold Companies as of December 31, Year 11.
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if an acquisition does not create value, then the . multiple choice question. earnings per share may increase but the stock price of the acquiring firm may remain the same or decline price per share of the acquiring firm should increase while the price-earnings ratio remains constant price per share of the acquiring firm should increase because of the growth of the firm price-earnings ratio should remain constant regardless of any changes in the earnings per share
If an acquisition does not create value, then the earnings per share can change but the stock price of the acquiring company should remain constant. Therefore, the most likely answer is the first option.
An acquisition is a corporate action in which a company buys another company's shares or assets. The acquired company ceases to exist after the purchase, and its operations are incorporated into the acquiring company.
For an acquisition to be successful, the acquiring company must create value by incorporating the purchased company's operations into its own operations. The acquisition can fail if the purchasing company pays too much or if the purchased company's operations do not align with the purchasing company's goals. If the acquisition does not generate value, the price per share of the acquiring company may stay the same or decline, while the stock price of the acquired company may stay the same or rise.
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___ 10. Audit procedures include direct evidence such as documentation and client interviews, but not any theoretical or computational analysis. ___ 11. Comparison of the client's balance sheet or income statement with industry averages isn't a basis for identifying audit risks. ___ 12. Evidence of fair values may be obtained in a confidential questionnaire to employees. ___ 13. If a company leases its premises from the CEO's wife's uncle, this does not need to be disclosed. ___ 14. Working papers derived from client information belong to the Board of Directors.
11. Comparison of the client's balance sheet or income statement with industry averages isn't a basis for identifying audit risks.
This statement is false. Comparison of the client's financial statements with industry averages can be a basis for identifying audit risks. This information can assist in assessing the client's risk of misstatement and determining areas that require further audit scrutiny.
10. Audit procedures include direct evidence such as documentation and client interviews, but not any theoretical or computational analysis.
This statement is false. Audit procedures can include both direct evidence, such as documentation and client interviews, as well as theoretical or computational analysis.
12. Evidence of fair values may be obtained in a confidential questionnaire to employees.
This statement is true. Evidence of fair values can be obtained through various methods, and one approach is the use of confidential questionnaires to employees.
13. If a company leases its premises from the CEO's wife's uncle, this does not need to be disclosed.
This statement is false. Transactions with related parties, such as leasing premises from the CEO's wife's uncle, typically need to be disclosed in the company's financial statements.
14. Working papers derived from client information belong to the Board of Directors.
This statement is false. Working papers are the property of the auditing firm, not the Board of Directors. Working papers include the documentation and records maintained by auditors during the course of an audit.
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QUESTION 7 of 10: Which is NOT a use for market research?
a) Identifying what services customers want
Ob) Deciding what merchandise to sell
O c) Determining tax deductions
O d) Forecasting sales
Submit
Answer:
The answer would be b, determining tax deductions
Explanation:
All three of the other points are ways you can find out customers needs and wants, however tax deduction is used to figure out how much tax is owed.
Christie wants to purchase life insurance. She can purchase a $750,000 term life insurance policy with a 20-year term for monthly premiums of $33.82. She could also purchase a $750,000 term life insurance policy with a 30-year term for monthly premiums of $51.54. What is the difference in total cost of the two insurance policies?
To find the difference in total cost of the two insurance policies, we need to calculate the total premiums paid over the term of each policy. For the 20-year term policy, Christie will pay $33.82 per month for 20 years, which is a total of $8,116.80 in premiums.
For the 30-year term policy, Christie will pay $51.54 per month for 30 years, which is a total of $18,554.40 in premiums. The difference in total cost between the two policies is the total premiums paid for the 30-year policy minus the total premiums paid for the 20-year policy. Therefore, the difference in total cost between the two insurance policies is $10,437.60.
Calculate the total cost of the 20-year term policy, Monthly premium: $33.82. Number of months: 20 years * 12 months/year = 240 month .Total cost: $33.82 * 240 = $8,115.20. Calculate the total cost of the 30-year term policy. Monthly premium: $51.54. Number of months: 30 years * 12 months/year = 360 months. Total cost: $51.54 * 360 = $18,553.60. The difference in total cost between the 20-year term life insurance policy and the 30-year term life insurance policy is $10,438.40.
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