During its 2021 fiscal period ended December 31, 2021, MaggieMade Limited made two non-interest bearing advances to its sole shareholder and president, Ms. Maggie Fornswater. The total advances were $400,000 and were recorded by Maggie as "Due from Shareholder", a receivable in the books and records of MaggieMade Limited. Details of the advances are set out below. 1. $350,000 was advanced to Maggie on March 1, 2021 to aid her in the purchase of a water-front condo — top floor, of course. At the time of the advance, Maggie signed a note with the corporation agreeing to repay the principal in equal annual instalments of $35,000 a year for the next ten years. The first principal repayment was due and paid February 28, 2022. The company does not have a policy of making such loans to other employees and has never made a similar loan to an employee in the past. 2. On September 1, 2021, $50,000 was advanced to Maggie to purchase a new car for herself. The car is used for employment purposes. The company has a policy of aiding its key employees to purchase automobiles that will be used to carry out their employment duties and has made such loans to other key employees in the past. At the time of the advance, Maggie signed a note with the corporation agreeing to repay the principal in equal annual instalments of $10,000 a year over five years. The first principal repayment was due and paid January 1, 2022. Required: MaggieMade Limited is not in the business of lending money. It is now December 2022 and Maggie has asked you to advise her on the tax consequences of the above advances. Be sure to consider the tax consequences for both 2021 and 2022 for each advance. A thorough explanation of your reasoning that considers all potentially relevant provisions must accompany your conclusion. Assume that the prescribed interest rates applicable to taxable benefits were 3% for all of 2021 and 4% for all of 2022.
Answers
The taxable benefit to Maggie in 2022 was $8,200 (interest on the loans at 4% for both advances). Maggie should pay taxes on the benefit on her tax return, and MaggieMade Limited should include the amount in her T4.
The following are the tax implications for Maggie Fornswater and MaggieMade Limited regarding the above non-interest-bearing advances made in the 2021 and 2022 fiscal years: Maggie Made Limited advanced $350,000 to Maggie to assist her in purchasing a waterfront condo on March 1, 2021. On the date of the advance, Maggie signed a note agreeing to repay the principal in equal annual payments of $35,000 over the next ten years. The first principal payment was paid on February 28, 2022. The taxable benefit to Maggie was $6,918 in 2021, and the interest rate used to calculate the benefit was 3%.MaggieMade Limited also advanced $50,000 to Maggie on September 1, 2021, to assist her in purchasing a car for employment purposes. At the time of the advance, Maggie signed a note agreeing to repay the principal in equal annual payments of $10,000 over the next five years. The first principal payment was paid on January 1, 2022. As a result, the taxable benefit to Maggie was $987 in 2021, and the interest rate used to calculate the benefit was 3%. Maggie's benefits are taxable in the years in which they are received, with the benefit being the interest on the loan at the appropriate rate. The benefit is recorded in Maggie's T4 slip as a taxable benefit and should be reported in her tax return. The taxable benefit to Maggie in 2022 was $8,200 (interest on the loans at 4% for both advances). Maggie should pay taxes on the benefit on her tax return, and MaggieMade Limited should include the amount in her T4.
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Related Questions
How can an understanding of a cost containment be used to help
promote quality improvement within a healthcare organization?
Answers
Understanding cost containment in healthcare can be instrumental in promoting quality improvement within an organization. By effectively managing costs, healthcare organizations can allocate resources more efficiently, invest in quality improvement initiatives, and enhance patient care outcomes.
Cost containment strategies such as optimizing supply chain management, streamlining administrative processes, and implementing evidence-based practices can contribute to better resource utilization and reduced waste. These cost-saving measures free up financial resources that can be redirected towards quality improvement efforts. For example, funds saved from cost containment can be invested in staff training and development programs, advanced medical technologies, or implementing patient safety protocols.
Additionally, cost containment strategies can drive a culture of efficiency and innovation within a healthcare organization. When staff members are aware of the need to manage costs, they are more likely to critically assess their processes, identify areas for improvement, and implement evidence-based practices that enhance patient outcomes. This focus on quality improvement can result in better patient satisfaction, reduced medical errors, improved clinical outcomes, and ultimately, a higher standard of care.
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two common ways to discourage tobacco use are taxes on tobacco and information campaigns on the hazards of tobacco use. which one causes a shift in the demand curve for smoking? question 41 options: a) information campaign on hazards of tobacco. b) none cause a change in the demand curve c) both cause a decrease in demand. d) tax on tobacco products that drives up its price.
Answers
information campaign on hazards of tobacco will cause a shift in the demand curve for smoking . ( Option A )
- The most successful measure to decrease cigarette demand is tax increases. Numerous studies from high-income nations as well as several studies from low- and middle-income nations that we reviewed show that smoking rates are consistently and significantly reduced by higher tobacco pricing.
- An estimated 6 million non-smokers discussed the risks of smoking with friends and family in the first two years of the program. According to studies, media advertisements using vivid depictions of diseases caused by smoking are efficient at persuading smokers to give up.
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Answer in True or False :
Making a payment on an account would be journalized with a debit to Accounts Payable and credit to Cash
2)chose one of the following : By NOT accruing warranty​ expense:
A.reported expenses will be overstated and reported liabilities will be understated.
B.reported liabilities will be understated and net income will be overstated.
C.reported liabilities will be overstated and net income will be understated.
D.reported expenses will be understated and net income will be understated.
Answers
True: Making a payment on an account would be journalized with a debit to Accounts Payable and credit to Cash.
Answer: B) reported liabilities will be understated and net income will be overstated.
By not accruing warranty expense, reported liabilities will be understated because the company has an obligation to provide warranty service in the future, but it is not recognizing the associated expense. This understates the reported liabilities on the balance sheet. Additionally, net income will be overstated because the expense related to warranty service has not been recognized, resulting in higher reported income.
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Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Answers
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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Which type of financial aid is often based on merit, as opposed to financial need?
Answers
Answer:
Scholarships
Explanation:
Merit-based aid goes to students based on their academic and/or extracurricular achievements rather than their financial need. Scholarships are the most common type of merit-based aid. Students may receive scholarships from nonprofit organizations, private businesses, and colleges and universities.
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Answer: scholarships
Explanation:
The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Hours Job 301 Job 302 Job 303 Process Improvement Tom Couro 10 15 13 2 David Clancy 12 12 14 2 Jose Cano 11 13 15 1 The direct labor rate earned per hour by the three employees is as follows: Tom Couro $32 David Clancy 36 Jose Cano 28 The process improvement category includes training, quality improvement, and other indirect tasks. a. Journalize the entry to record the factory labor costs for the week. If an amount box does not require an entry, leave it blank.
Answers
Answer:
Total productive hours worked on each job is as follows:
Tom Couro = Job 301 + Job 302 + Job 303 = 10 + 15 + 13 = 38
David Clancy = Job 301 + Job 302 + Job 303 = 12 + 12 + 14 = 38
Jose Cano = Job 301 + Job 302 + Job 303 = 11 + 13 + 15 = 39
WIP = (38*22) + (38*36) + (39*28)
WIP = 1216 + 1368 + 1092
WIP = 3,676
Indirect labor = (2*32) + (2*36) + (1*28)
Indirect labor = 64 + 72 + 28
Indirect labor = 164
Date Account titles and Explanation Debit Credit
Work in process $3,676
Factor overhead $164
Wages payable $3,840
Present Value of a Single Payment What is the present value of a security that will pay $25,000 in 20 years if securities of equal risk pay 8.3% annually? Do not round intermediate calculations. Round your answer to the nearest cent.
Answers
The present value of Single Payment the security is approximately $9,348.45.
To work out the current worth of a future installment, we can utilize the current worth recipe:
Present Worth = \(Future Worth/(1 + Premium Rate)^n\)
Given:
Future Worth = $25,000
Loan fee = 8.3% (or 0.083)
n = 20 years
Subbing the qualities into the recipe:
Present Worth = \($25,000/(1 + 0.083)^_{20\)
Working out the articulation inside the brackets:
\((1 + 0.083)^{20\) = \(1.083^{20\)≈ 2.674
Separating the Future Worth by the articulation:
Present Worth = $25,000/2.674 ≈ $9,348.45
In this manner, the current worth of the security that will pay $25,000 in 20 years, expecting a gamble changed loan fee of 8.3% every year, is roughly $9,348.45 (adjusted to the closest penny).
It's actually quite significant that the current worth addresses the ongoing worth representing things to come installment, taking into account the time worth of cash and the predetermined loan fee.
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if you want to know how much you need to invest today at 12 percent compounded annually in order to have $4,000 in five years, you will need to find a(n) _______ value.
Multiple choice question.
a. idealistic
b. present
c. future
d. past
Answers
The correct option is B. If you want to know how much you need to invest today at 12 percent compounded annually in order to have $4,000 in five years, you will need to find a present value.
The correct option is B. In finance, the present value is the value today of a future amount of money, given a specified rate of return. It represents the amount of money that would need to be invested today, at a given rate of interest, in order to accumulate a certain amount of money in the future.
In the given scenario, if we want to have $4,000 in five years, we need to find the present value that we should invest today to achieve this goal. The rate of return, or interest rate, is 12 percent compounded annually. Using a present value formula or a financial calculator, we can determine that the present value we need to invest today is approximately $2,360.
This means that if we invest $2,360 today at a 12 percent annual interest rate, we will have $4,000 in five years. The present value is an important concept in finance, as it allows us to compare the value of money at different points in time and make informed investment decisions.
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What is the maximum amount of new loans the bank could lend with the given amounts of reserves?
Answers
The maximum amount of new loans to the bank could lend with the given amounts of reserve is; $400million.
Maximum amount of New loansIt follows from macroeconomics calculations that;
The maximum amount of new loans to the bank!= The current amount in reserves * The multiplier.
Given that the amount in reserves is $80 million.
$80 million * (1/20%)$80 million * (5) = $400 million.Ultimately, the maximum amount in new loans given the amount in reserves is; $400 million.
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What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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property that has been voluntarily placed somewhere by the owner and then inadvertently forgotten is
Answers
Property that has been voluntarily placed somewhere by the owner and then inadvertently forgotten is referred to as "mislaid property."
This occurs when an individual unintentionally leaves their belongings in a location and later forgets to retrieve them. Mislaid property is distinguishable from lost property, which is when an item accidentally falls or is unintentionally dropped by the owner, and abandoned property, where the owner intentionally relinquishes all rights to the item.
In the case of mislaid property, the owner typically has the intention to reclaim their belongings but forgets their location due to various reasons such as distraction or forgetfulness. Legally, the owner still retains rights to the mislaid property, and the finder of the item generally has no legal claim to it.
It is important to distinguish between these types of properties, as different laws and obligations apply to each. When mislaid property is found, the finder should notify the owner, if known, or turn the item over to the property owner or a local authority, such as the police.
The finder may be entitled to a reward for their honesty, but the priority is to return the property to the rightful owner. In some jurisdictions, if the owner cannot be found within a specific time frame, the finder may eventually gain legal ownership of the mislaid property.
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The property that has been voluntarily placed somewhere by the owner and then inadvertently forgotten is called "lost property." Lost property refers to any personal property that has been unintentionally left behind or misplaced by its owner, and the owner has no intention of relinquishing ownership of the item.
Examples of lost property can include a lost wallet, a misplaced cellphone, or a forgotten piece of jewelry.In legal terms, lost property is distinguished from "mislaid property," which refers to an item that has been intentionally placed somewhere by the owner but then forgotten. For instance, if someone intentionally puts their watch on a restaurant table and forgets to pick it up after leaving, the watch is considered mislaid property rather than lost property. In such a case, the owner of the property has the right to reclaim it from the place where it was mislaid, while lost property typically becomes the property of the finder after a certain period of time has elapsed.
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external forces that affect e-business include all of the following except:_____.
A. globalization
B. available financing
C. changing technology
D. economic factors
E. all of these answer choices
Answers
External forces that affect e-business include all of the following except available financing. Hence, option B is appropriate.
What is the role of the E-Business?Any procedure that a commercial organization carries out over a desktop network is referred to as "e-business" (electronic business). Any government, nonprofit, or for-profit organization can be considered a business organization. They use business procedures that are production-, customer-, internal-, or management-focused.
Any type of commercial or business transaction that involves the exchange of information online is considered to be an e-business. One of the key functions of every business is commerce, which is defined as the exchange of goods and services between organizations, communities, and individuals.
Hence, option B is appropriate.
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Example Median Home Prices The median home price in the United States over the period January 2010-January 2015 can be approximated by P(t)=4.5t
2
−15t+180 thousand dollars (0≤t≤5) where t is time in years since the start of 2010 . a. Compute the average rate of change of P(t) over the interval [1,5], and interpret your answer. b. Estimate the instantaneous rate of change of P(t) at t=1, and interpret your answer. c. The answers to parts (a) and (b) have opposite sign. What does this indicate about the median home price?
Answers
a) Average annual decrease in median home price is $7.5 thousand over the interval [1,5].
b) At t=1, the median home price increased by $9 thousand per year, indicating an immediate increase.
c) Average and instantaneous rates of change show different trends in median home prices, with initial increases and decreases.
a) To compute the average rate of change of P(t) over the interval [1,5], we subtract the initial value of P(t) at t=1 from the final value of P(t) at t=5, and then divide by the change in t:
Average rate of change = (P(5) - P(1)) / (5 - 1) = (4.5(5)^2 - 15(5) + 180 - (4.5(1)^2 - 15(1) + 180)) / 4 = -7.5 thousand per year.
Interpretation: The negative average rate of change indicates that, on average, the median home price decreased by $7.5 thousand per year over the period [1,5].
b) To estimate the instantaneous rate of change of P(t) at t=1, we take the derivative of P(t) with respect to t and evaluate it at t=1:
P'(t) = 9t - 15
Instantaneous rate of change at t=1: P'(1) = 9(1) - 15 = -6 thousand per year.
Interpretation: The estimated instantaneous rate of change at t=1 is -$6 thousand per year. This suggests that at the beginning of 2011, the median home price was estimated to be decreasing at a rate of $6 thousand per year.
c) The opposite signs of the average and instantaneous rates of change indicate that the median home price had different trends at different points in time.
The negative average rate of change suggests an overall decrease in the median home price over the interval [1,5].
On the other hand, the negative instantaneous rate of change at t=1 suggests a decrease in the median home price specifically at the beginning of 2011.
This indicates that the median home price may have initially increased, but then experienced an overall decrease over the entire interval.
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What is meant by the phrase “Keeping up with the Joneses”?
a
This phrase refers to the human behavior of wanting to spend more because we see others around us spending more and enjoying goods and services that we think we would enjoy as well.
b
This phrase refers to the concept of saving up for only your needs in your budget, not your wants.
c
This phrase refers to the annual event in August where investors compete with each other to see who can beat the market.
d
This phrase refers to the newest reality television show that demonstrates the effect of saving early and often.
Answers
Answer:
D This phrase refers to the newest reality television show that demonstrates the effect of saving early and often.
Explanation:
A reference to the reality show Keeping up with the Kardashians.
1.+westside+is+considering+a+5%+price+cut+without+additional+fixed+cost.+by+what+%+would+sales+need+to+increase+to+keep+profit+constant+for+the+5%+price+cut?
Answers
To determine the percentage by which sales would need to increase in order to keep profit constant for a 5% price cut, we can use the formula:
Percentage increase in sales = (Percentage price cut) / (1 - Percentage price cut)
In this case, the percentage price cut is 5%. Plugging this value into the formula:
Percentage increase in sales = 5% / (1 - 5%)
Simplifying this equation, we have:
Percentage increase in sales = 5% / 0.95
Calculating this, we find that the percentage increase in sales needed to keep profit constant for the 5% price cut is approximately 5.26%.Therefore, sales would need to increase by approximately 5.26% in order to offset the 5% price cut and maintain a constant profit.
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what is a customer retention?
Answers
Answer:
Customer retention refers to a company's ability to turn customers into repeat buyers and prevent them from switching to a competitor. As a performance metric, it indicates whether your product and the quality of your service please your existing customers.
Explanation:
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Womack Toy Company’s stock is currently trading at $25 per share. The stock’s dividend is projected to increase at a constant rate of 7 percent per year. The required rate of return on the stock, ks, is 10 percent. What is the expected price of the stock 4 years from today?
Answers
Answer: $32.77
Explanation:
Given the following :
Current price of stock = $25
Growth rate of Dividend per annum= 7%
Required return on stock = 10%
Period = 4 years
Expected price of stock after 4 years can be calculated using the relation :
Current price × ( 1 + growth rate)^period
Expected price = $25(1 + 7%)^4
Expected price :
$25 × ( 1+ 0.07)^4 = $25 × (1.07)^4
= $25 × 1.31079601
= $32.76990025 = $32.77
Does the amount of effort that you put into your courses increase or decrease the marginal cost of your education? Explain your answer. PLEASE HELP!
Answers
The amount of effort that you put into your courses increases the marginal
cost of your education.
Marginal cost refers to the incremental cost which is accrued as a result of
increase in goods and services.
In this scenario, amount of effort put into courses entails more time and
money spent from buying of books and other materials. This therefore
depicts an increase in the incremental and marginal cost.
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Country Q has experienced a rapid increase in its unemployment rate and a sharp decline in its GDP. What might policymakers do in the face of these economic indicators?
A) encourage a decrease in purchasing until employment figures increase
B) try to trade with other nations to increase production and create new jobs
C) increase taxes so the government has more money to spend
D) implement controls on wages, forcing employers to pay higher wages
The Answer is:: B) try to trade with other nations to increase production and create new jobs
Answers
Answer:
B). Try to trade with other nations to increase production and create new jobs.
Explanation:
Country Q has encountered a brisk fall in its rate of unemployment and as a consequence, a sharp downturn in its GDP. In such a situation, the most significant action to go on would be to 'create new job opportunities' and that can be done by making efforts to encourage trade with other nations which will help in increasing production and more production would generate job opportunities and increase GDP automatically. The increased trade will increase productivity and assist in bringing the economy back on track. Thus, option B is the correct answer.
Answer:
b
Explanation:
Using productivity software ensures that the end product will look professional.
Answers
Answer: false
Explanation:
on edge 2021
Answer: The answer is false
Explanation:
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Next year's sales are projected to be $90,201. what is the amount of the external financing needed?
Answers
The amount of the external financing needed (EFN) is $11,465. Thus, the correct option is C.
If the projected expenses exceed the company's existing financial resources and revenue, external financing would be required to cover the shortfall.
To calculate the external financing needed, we need more information on the company's expenses, assets, liabilities, and cash flows. This includes factors like operating costs, production costs, interest payments, taxes, capital investments, and any outstanding loans or debt.
Once we have a clear picture of these factors, we can subtract the company's existing financial resources and revenue from its projected expenses to determine the external financing required.
Without additional details, it is not possible to provide an accurate figure for the amount of external financing needed. As the question is not complete you might be referring to Debt and equity are not. No dividends or taxes are paid.
side growth rate= (90,201-84,300)/84,300
side growth rate= 7%
projected assets= 421,500(1.07)
projected assets= 451,005
projected equity=(421,500-168,600)+16,860(1.07)
projected equity= 270,940
EFN= 451,005-168,600-270,940
EFN= $11,465
Hence, option C is the correct answer.
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Lilly, Briah, Chloe, and Terry are the directors and equal shareholders of Fantastic Holidayz Pty Ltd, a company that runs an exclusive airline company and operates in several high-rise office buildings in Melbourne. Briah is the Managing Director and Terry is the Chief Financial Officer. Lilly and Chloe are non-executive directors. The Company has adopted a written constitution which contains the following clauses: (36) A directors' meeting may be called by a director giving reasonable notice individually to every other director (37) Quorum for directors' meetings is four directors and the quorum must be always present during the meeting (42) A resolution of the majority of directors may resolve to remove another director of the company. Business is booming, and Fantastic Holidayz has made a great deal of money over the last few years. However, the Board of Directors have rejected Lilly's proposal to declare a dividend for the last 7 years in a row - and she is getting fed up. The other directors always outvote her, arguing that it is better to keep the profits in reserve and continue to expand the business. Terry is currently investigating the possibility of opening further destinations to their itinerary In October 2017 Lilly was overseas for a family funeral and on her return to Melbourne, she discovers that the other directors have met and passed resolutions to remove her as a director of the company. Lilly did not receive any notice of the director's meeting. In another resolution, the remaining directors voted to pay themselves $500,000 in bonuses - equating to the entire year's profit. Lilly is angry that she has been removed and not paid a bonus and comes to you for your professional advice and opinion. Further, Fantastic Holidayz has a longstanding agreement with several travel agencies, and in January 2018, Fantastic's financial accounts showed that one agency owed the company $85,000, and there was no applicable security Recently, Lilly discovered that by June 2018 the debt owing to Fantastic Holidayz had blown out to $200,000. Terry had approved additional credit without the knowledge of the other directors. He did this, even though the agency had been taking a long time to pay its overdue account. Additionally, there are now rumours that are insolvent, but this cannot be proven. REQUIRED: 1. Discuss whether Lilly can bring any action to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses? (5 marks) 2. Advise Lilly about the process and potential outcomes if the travel agency is placed into voluntary administration - and any implications of this on Fantastic Holidayz. (5 marks) 3. Advise Lilly about whether Terry has breached any of his statutory duties as a director of Fantastic Holidayz. Include in your answer the consequences of a breach of duty, whether Lilly could bring an action for compensation on behalf of the company against Terry, and whether there are any defences available.
Answers
It is important for Lilly to consult with a legal professional to assess the specific circumstances and determine the most appropriate course of action. Legal advice tailored to the jurisdiction and applicable laws should be sought.
1. Lilly's Challenge to Dividend Denial and Bonus Payment:
Lilly may have grounds to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses. The key considerations are as follows:
a) Breach of Fiduciary Duty: Directors owe a fiduciary duty to act in the best interests of the company. By consistently rejecting dividends despite profitable operations, the directors may be breaching this duty if their decision is not justifiable and reasonable. The decision to pay themselves bonuses without Lilly's approval further strengthens her case.
b) Unfair Prejudice: Lilly may argue that the denial of dividends and payment of bonuses unfairly prejudice her interests as an equal shareholder and director. This argument can be supported by the fact that dividends have been consistently denied for several years, and the bonuses were paid without her knowledge or consent.
c) Oppression of Minority Shareholder: If the other directors' actions substantially interfere with Lilly's rights as a shareholder and director, it could constitute oppression of a minority shareholder. Denying dividends and paying bonuses in a manner that excludes Lilly's interests may be viewed as oppressive.
Lilly can potentially bring legal action seeking remedies such as an injunction to stop the bonuses, an order for dividends to be paid, or a buyout of her shares at a fair value.
2. Travel Agency in Voluntary Administration:
If the travel agency owing $200,000 to Fantastic Holidayz is placed into voluntary administration, the process and potential outcomes can be summarized as follows:
a) Voluntary Administration: Voluntary administration is a process where an external administrator (usually a registered liquidator) takes control of the insolvent company to maximize returns for creditors. The administrator assesses the company's financial position and explores options, such as restructuring or selling the business.
b) Outcomes and Implications: During voluntary administration, the administrator may propose a Deed of Company Arrangement (DOCA) to the creditors. If approved, it could allow the travel agency to continue operating and repay the debt over an agreed period. Alternatively, if the company's financial situation is deemed irreparable, the administrator may recommend liquidation.
For Fantastic Holidayz, the outcome depends on the recovery of the debt. If the travel agency is unable to repay the owed amount, Fantastic Holidayz may have to write off the debt as a loss, potentially impacting their financial position. The impact could be significant if the debt is material to the company's operations.
3. Terry's Breach of Director's Duties:
Terry, as the Chief Financial Officer and a director of Fantastic Holidayz, may have breached his statutory duties. The key considerations are as follows:
a) Duty of Care and Diligence: Directors must exercise reasonable care, skill, and diligence in fulfilling their roles. Terry's approval of additional credit without the knowledge of other directors could be seen as a failure to exercise due care and diligence. The consequences of a breach may include personal liability for any loss suffered by the company.
b) Duty to Act in Good Faith and for Proper Purpose: Directors must act in good faith and in the best interests of the company. By approving additional credit for a customer with an outstanding overdue account, despite potential insolvency concerns, Terry may have breached this duty.
c) Consequences and Action for Compensation: If Terry is found to have breached his statutory duties, consequences may include personal liability for any loss suffered by the company due to his actions. Lilly, as a shareholder, may have standing to bring a derivative action on behalf of the company to seek compensation from Terry for any losses incurred.
d) Defenses: Terry may raise defenses such as relying on professional advice, acting in good faith, or having the belief that his actions were in the company's best interests. However, these defenses may not absolve him entirely from liability if his actions are found to be unreasonable or against the company's interests.
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Question 14
What is the equivalent annual cost for a project that requires a $40,000 investment at time-period zero, and a $10,000 annual expense during each of the next 4 years; if the opportunity cost of capital is 10%?
$22,618.83
$20,000.00
$25.237.66
$21,356.95
Answers
The Equivalent annual cost for a project that requires a $40,000 investment at time-period zero, and a $10,000 annual expense during each of the next 4 years; if the opportunity cost of capital is 10% is $22,618.83.
Equivalent Annual Cost (EAC) is the annual cost that can equate the initial cost and other costs of the investment over its lifespan. This metric, also known as annualised cost, can be utilised to determine how much a project or investment would cost per year over its useful life, allowing for more direct comparison of investments or projects with differing useful lifespans and levels of investment.
A formula for Equivalent Annual Cost (EAC) is: EAC = PV × A where PV = Present Value of all future costs of the investment. (In this question, PV = $40,000 + PV of the annuity) A = Annuity factor.
We can calculate the annuity factor for n and i in the future value of annuity table. Equivalent Annual Cost (EAC) = $40,000 + $10,000 × 2.48685= $40,000 + $24,868.52= $64,868.52EAC = $22,618.83
Approximately, equivalent annual cost is $22,618.83.
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If in equilibrium Owen receives marginal utility of 10 utils from the last pizza he consumes, his marginal utility from the last soda must be _____ utils.
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Answer:
I think that the answer would be 0.75. But I need to know what options you have to answer with
Explanation:
:)
Suppose the cost of a full-page color ad in the U. S. National edition of The Wall Street Journal (newspaper) is $327,897 and its U. S. Audience size is 1,566,027. The cost of a full-page color ad in the U. S. National edition of Sports Illustrated (magazine) is $396,600 and has an audience size of 3,000,000. The cost of a 30-second ad on the most recent Super Bowl telecast is $3,800,000 and has an audience size of 108,400,000. Using this information, which metric should be used to determine the most efficient medium would
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Based on the calculations, the Super Bowl telecast has the lowest CPM of approximately $35.10, making it the most cost-efficient medium among the options provided.
To determine the most efficient medium for advertising, we need to compare the cost of advertising to the audience size. One commonly used metric for this purpose is the Cost per Thousand (CPM), which represents the cost of reaching 1,000 individuals within the target audience.
To calculate the CPM, we divide the cost of advertising by the audience size, and then multiply the result by 1,000.
Let's calculate the CPM for each medium:
For The Wall Street Journal:
CPM = (Cost of ad / Audience size) * 1,000
CPM = ($327,897 / 1,566,027) * 1,000
CPM ≈ $209.28
For Sports Illustrated:
CPM = (Cost of ad / Audience size) * 1,000
CPM = ($396,600 / 3,000,000) * 1,000
CPM ≈ $132.20
For the Super Bowl telecast:
CPM = (Cost of ad / Audience size) * 1,000
CPM = ($3,800,000 / 108,400,000) * 1,000
CPM ≈ $35.10
By comparing the CPM values, we can determine the most efficient medium for advertising. A lower CPM indicates a more cost-efficient option.
Based on the calculations, the Super Bowl telecast has the lowest CPM of approximately $35.10, making it the most cost-efficient medium among the options provided.
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Promoters are those who sell a business idea and the corporate form for it.
O True
False
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Answer:
True.
Explanation:
Promoters are those people who have the job of advertising a certain business or idea, in order for it to be acquired by a certain sector of the market or for mass sale to undetermined consumers.
Thus, the function of the promoter is to give visibility to a certain project, so that it is known by individuals and generates economic returns for its creators.
Decisions about how to manage the policies and decision rules related to inventory levels are considered:______
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Decisions about how to manage the policies and decision rules related to inventory levels are considered Infrastructural decisions.
Decisions about how to manage the policies of a company involves various dimensions. It covers all aspects of a companies’ activities, from production decisions, to recruitment processes, to financial decisions, and marketing strategies.
One categorization of these decisions rules are formulated in terms of structural decisions and infrastructural decisions. Structural decisions are the major decisions that shape the way particular operations are executed. These decisions concern facilities, technology, and integration.
Infrastructural decisions relate to the policies and decisions that concern the inventory levels. They may be concerned with quality management systems, production planning, and development of new services and processes.
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What is a AWS management console?
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The AWS management console is a web-based interface used to manage and monitor Amazon Web Services (AWS) resources. It is designed to help AWS users manage their resources in a secure, efficient, and user-friendly way. The AWS management console provides a single place for users to access and manage their AWS services, making it easier to control their infrastructure and applications.
The AWS management console allows users to perform various tasks, such as launching new instances, creating and managing virtual private clouds (VPCs), managing storage and databases, and monitoring their resources. Users can also access the AWS management console to manage their billing and cost optimization, as well as to view their resource utilization and performance.
In addition to these management tasks, the AWS management console also provides a range of tools and features to help users improve the security and reliability of their AWS resources. For example, users can use the AWS management console to set up access controls and manage security groups, as well as to monitor their resource utilization and performance.
The AWS management console is accessible from any internet-connected device and can be used from anywhere in the world, making it a convenient tool for AWS users to manage their resources. AWS also provides a range of training and support resources to help users get the most out of the AWS management console and their AWS services.
In conclusion, the AWS management console is a web-based interface designed to help AWS users manage and monitor their resources. It provides a single place for users to access and manage their AWS services, making it easier to control their infrastructure and applications. The AWS management console is an essential tool for AWS users and provides a range of features and tools to help users improve the security, reliability, and efficiency of their resources.
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this form will be sent to Lily by the end of January. She will use this form to...
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Answer:
\(\large\colorbox{white}{File her income taxes}\)
Explanation:
\(\large\colorbox{orange}{ɪ ʜᴏᴘᴇ ɪᴛ ʜᴇʟᴘs}\)
\(\large\colorbox{lime}{Xxᴊᴀsʜ13xX}\)
what level of market coverage is typically used for products like honest tea beverages?
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The level of market coverage that is been utilized in marketing some products such as honest tea beverages is Intensive distribution
Intensive distribution can be regarded as form of marketing strategy whereby a company tries to sell its product using small vendor and at times big store. It helps in the creation of brand awareness of the product which later result to higher sales. This method is been used fir products such as soft drinks, cigarettes.Therefore, Intensive distribution utilize retailers in distribution of goods
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