Several years ago, Junior acquired a home that he vacationed in part of the time and rented out part of the time. During the current year Junior:

Personally stayed in the home for 19 days.

Rented it to his favorite brother at a discount for 11 days.

Rented it to his least favorite brother for twelve days at the full market rate.

Rented it to his friend at a discounted rate for fourteen days.

Rented the home to third parties for 72 days at the market rate.

Did repair and maintenance work on the home for two days.

Marketed the property and made it available for rent for 156 days during the year (in addition to the days mentioned above).

How many days of personal use and how many days of rental use did Junior experience on the property during the year?

Days of personal use ?
Days of rental use ?
5. In year 1, Peter and Shaline Johnsen moved into a home in a new subdivision. Theirs was one of the first homes in the subdivision. In year 1, they paid $2,700 in real property taxes to the state government, $1,490 to the developer of the subdivision for an assessment to pay for the sidewalks, and $1,430 for real property taxes on land they hold as an investment. What amount of property taxes are the Johnsens allowed to deduct assuming their itemized deductions exceed the standard deduction amount before considering any property tax deductions?

Deductible tax amount?

Answers

Answer 1

Answer:

1. a. Days of Personal Use:

= Days stayed personally + Days rented at a discount + Days rented to family

= 19 + 14 + 11 + 12

= 56 days

b. Days of rental use:

= Days rented to third parties at full rate + Days taken for repairs and maintenance

= 72 + 2

= 74 days

2. Deductible tax amount:

= Real property taxes to state government + Property taxes on land held as investment

= 2,700 + 1,430

= $4,130

The Johnsens may not deduct the amount paid for the assessment for the sidewalks as they are considered local benefits much like streets and these are not tax deductible.


Related Questions

Review the two buyer profiles provided, and using the property profiles provided in the assessment, match each buyer with potential properties from the suburbs. You may use any real estate website to find these properties. Document your findings in the Buyer Profile form.
Prepare an email to each of the buyers inviting them to inspect the properties that you have matched them with, detailing the property features and explaining how the property can meet their needs.
Briefly prepare an email response to the following scenario: Buyer 1 responds to your selection by explaining that the price of the property is out of their comfortable borrowing power.
Develop a communication strategy for your agency, including record keeping processes, to address buyer expectations.

This strategy must address the following criteria:
How often you would communicate with clients and why
What methods you would use to communicate with clients and their advantages
How to present information to clients and why
What record keeping system would you use to record buyer interactions
Questions you would ask during the initial meeting

Answers

A communication strategy for your agency, including record-keeping processes, to address buyer expectations.

Communication Strategy:

Communication Frequency: The agency should communicate with clients regularly to keep them informed about new properties, provide updates on the properties they are interested in, and answer their queries promptly. Regular communication helps build trust and rapport with clients.Communication Methods: The agency should use various communication methods, including phone, email, text messages, and social media, to communicate with clients. Each method has its advantages, and the agency should use them based on the client's preferences and the urgency of the communication.Information Presentation: The agency should present information to clients in a clear, concise, and organized manner. The agency should use visuals, such as photos and videos, to showcase properties' features and provide detailed property information. Clear communication helps clients make informed decisions.Record Keeping: The agency should maintain a detailed record of all client interactions, including their property preferences, budget, and communication history. The agency should use CRM (customer relationship management) software to keep track of all client interactions.Initial Meeting Questions: The agency should ask clients questions about their property preferences, budget, location, and other relevant information during the initial meeting. The agency should use this information to provide tailored property recommendations to clients.

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Innovate ways where you can prove the law of action-reaction.

Answers

The ways where you as a person can prove the law of action-reaction are:

When a player pushes the ball forward with force while holding it, the ball pushes back on the player's hand.Student tugs on desk, which tugs back on student (This is how you can "pull" yourself forward.)

How can the law of action and reaction be proven?

When a person pushes against a wall (action force), the wall pushes back with an equal and opposing force (reaction force). The Space Shuttle lifts (there is no slingshot involved!) because the hot gases push out hot gases (action force) and exert a force on the Space Shuttle engines (reaction force).

Therefore, it can also be shown through Swimming. With  the use of the hands, a forward-swimming individual forces the water to move backward. A response force is created as a result of the action force that the individual is exerting.

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Dion has created a SWOT analysis for his business plan. In which section of his business plan will he place his analy
О А.
OB.
0 с.
OD. marketing and sales
executive summary
company description
market research
Reset
Next

Answers

In a case whereby Dion has created a SWOT analysis for his business plan the section of his business plan that he will  place his analysis is company description.

What is  SWOT analysis?

The SWOT analysis is an important tool for evaluating the internal and external factors that affect a business. By identifying its strengths and weaknesses, a company can determine how to capitalize on its advantages and improve its weaknesses. By identifying opportunities and threats, a company can develop strategies to take advantage of market trends and mitigate risks.

Therefore, Dion's SWOT analysis will help readers of the business plan to understand the strengths, weaknesses, opportunities, and threats of his business, and how he plans to leverage these factors to achieve his goals.

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You will start by researching all of the various programs, conferences, community service opportunities, and competitive events on a local, state, and national level (with a focus on the local level). This means that you will need to thoroughly research and explore the various opportunities in your community. All of the opportunities that you explore and find should align with the competencies, skills, and knowledge that you gained not only in this unit but in this course overall.

Once you have gathered all of this information, you will organize it into a personal leadership plan in either a word processing document or a slideshow presentation. The specific format and organization of this plan is up to you; however, each section (local, state, and national) should be clearly distinguishable from each other. Every opportunity that you include in the plan should be real events, programs, and opportunities that you could actually participate in one day if you should so choose.

For each program, conference, and event that you include in your plan/presentation, please make sure to detail the following:

What it is—a brief description
Where it is—location
How it might benefit you and/or your career
What requirements or pre-qualifications must you have to participate
Why this event, conference, or program interests you and what the likelihood is of you participating in this event one day

Answers

To create a personal leadership plan, you will need to begin by conducting research on various programs, conferences, community service opportunities, and competitive events on a local, state, and national level, with a focus on the local level.

This will require thorough exploration and investigation of the opportunities available in your community. It is important that you choose opportunities that align with the skills, competencies, and knowledge that you have gained throughout the course. Once you have gathered all of this information, you should organize it into a personal leadership plan in either a word processing document or a slideshow presentation.

The specific format and organization of this plan is up to you, but each section (local, state, and national) should be clearly distinguishable from one another.  For each program, conference, and event that you include in your plan, it is important to provide a brief description of what it is, where it is located, how it might benefit you and/or your career, and what requirements or pre-qualifications you need to participate.

You should also explain why this event, conference, or program interests you and what the likelihood is of you participating in this event one day. It is essential that you include only real events, programs, and opportunities that you could potentially participate in one day. By doing so, you will create a personal leadership plan that is both practical and beneficial to your personal and professional development.

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Gemma's seller client, Hugo, is selling his house in Benton. As Hugo's seller agent,
Gemma has several tasks to perform for him. One of these tasks is to what

Answers

Gemma's task as Hugo's seller agent is to conduct a comparative market analysis (CMA) to determine the appropriate listing price for the house in Benton.

The purpose of a CMA is to determine the appropriate listing price for the property by comparing it to similar properties in the local market.

Gemma will gather information on recently sold properties in Benton that are similar in size, condition, location, and features to Hugo's house. This information includes the selling prices of these properties, as well as the time they spent on the market before being sold.

By analyzing the data from the comparable properties, Gemma will be able to assess the current market value of Hugo's house. This will help her and Hugo determine a competitive and realistic listing price that attracts potential buyers while maximizing the property's value.

Gemma's CMA will involve carefully selecting and evaluating the most relevant comparable properties and making adjustments to account for any differences between them and Hugo's house. These adjustments may consider factors such as square footage, upgrades, amenities, and location.

By performing a thorough and accurate CMA, Gemma will provide Hugo with valuable insights into the local real estate market and enable him to make informed decisions regarding the listing price and marketing strategy for his house in Benton.

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What dose it mean to be fully human were interacting with others any virtual space like classroom why or why not

Answers

While interacting with others in a virtual space, to be fully human means for instance such as in a classroom, means having the qualities and characteristics inclusive to humanity, even though the medium of communication being virtual.

It involves identifying and embracing our shared humanity and engaging in meaningful connections with other people like friends family colleagues, even though miles apart and can only see by virtual screens.

Emotional connections, sharing knowledge, expression ,communication collaboration cooperation are the various forms. Therefore, virtual experiences though lack sensory and physical aspects of face-to-face interactions, they still provide a platform for human connection, learning, and growth.

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Which of the following careers does NOT work with patients or the public?
A.
Social worker
B.
Laboratory technician
C.
Hair stylist
D.
Substance abuse counselor

Answers

Answer:

B. Laboratory technician

Explanation:

Laboratory technicians don't work with patients or the public.

Answer:

B.Laboratory technician

Explanation:

"A lab technician analyzes samples such as body fluids and chemicals. They assist scientists and medical personnel with tasks such as keeping records and conducting tests." They do not have patients, or work with the public, they work for them, to make scientific analises. Hope this help!!

A company acquired an asset for $1,200,000 on January 1 of the current year. The asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). For tax purposes, the asset’s cost is depreciated by MACRS. The enacted tax rate is 19%. Amounts for pretax accounting income, depreciation, and taxable income in the four years are as follows:

Year
1 2 3 4
Pretax accounting income $3,700,000 $4,100,000 $4,400,000 $4,900,000
Depreciation on the income statement 300,000 300,000 300,000 300,000
Depreciation on the tax return (399,960) (533,400) (177,720) (88,920)
Taxable income $3,600,040 $3,866,600 $4,522,280 $5,111,080
Required:
For December 31 of each year, determine (a) the cumulative temporary book-tax difference for the depreciable asset and (b) the balance to be reported in the deferred tax liability account.

Note: Each cell requires a formula, even if the result is $0.

Answers

The cumulative temporary book-tax difference for the depreciable asset is $772,440 and the balance to be reported in the deferred tax liability account $41,801.52

Calculation of (a) the cumulative temporary book-tax difference for the depreciable asset:
Year 1:
Temporary difference = $300,000 – ($399,960 / 5) = $220,008
Cumulative temporary difference = $220,008

Year 2:
Cumulative temporary difference = $220,008 + $6,360 = $226,368

Year 3:
Cumulative temporary difference = $226,368 + $264,456 = $490,824
Year 4:
Temporary difference = $300,000 – ($88,920 / 5) = $281,616
Cumulative temporary difference = $490,824 + $281,616 = $772,440

Then, (b) the balance to be reported in the deferred tax liability account:

Year 1:
Deferred tax liability = $220,008 x 19% = $41,801.52

Year 2:
Deferred tax liability = $6,360 x 19% = $1,208.40

Year 3:
Deferred tax asset = ($264,456) x 19% = ($50,246.64)

Year 4:
Deferred tax asset = ($281,616) x 19% = ($53,507.04)

Therefore, the balance to be reported in the deferred tax liability account is:

Year 1: $41,801.52

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Match each CRM technique with its description
-RFM
-loyalty programs
-clickstream analysis

offers discounts or free items to customers
who keep coming back
calculates a customer's most recent visit,
the frequency of visits, and annual spending
discovers through data mining what customers
have in common to predict behavior
tracks every image, link, or object that
a customer clicks
clustering

Match each CRM technique with its description-RFM-loyalty programs-clickstream analysisoffers discounts

Answers

A loyalty program is a type of marketing strategy that aims to keep customers coming back to a business or using its services.

What precisely is RFM examination (recency, recurrence, and money related)?

RFM analysis is a marketing strategy that uses a quantitative ranking and grouping of customers based on the recency, frequency, and monetary total of their most recent transactions to identify the best customers and carry out targeted marketing campaigns.

What levels of clickstream investigation are there?

Clickstream investigation, which is a kind of Web examination (see a different section), is the following and examination of site visits. Clickstream investigation ordinarily screens and measures site movement by using the Internet server log records, regardless of the way that there are different techniques for gathering this information.

Two levels of clickstream analysis are possible: traffic analysis and an examination of online businesses.

tracks each image, link, or object clicked by a customer- clickstream analysisgives away free or discounted items to repeat customers.- loyalty programsdetermines a customer's most recent visit, the number of visits, and the amount spent annually- RFMuses data mining to discover what customers- clustering

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what is the compound interest on a three year 100 00 loan at a 10 percent annual interest rate

Answers

The compound interest on a three-year, $ 100.00 mortgage at a 10 percent annual hobby rate is $ 33.1  is the compound interest on a 3 yr one hundred 00 mortgages at a ten percent annual hobby fee.

On a sure sum, the compound interest in 3 years and at 10 consistent with cent per annum quantities to Rs. 2,317.consequently, a ten% hobby charge compounding semi-yearly is equivalent to a 10.25% hobby rate compounding annually. The hobby charges of financial savings accounts and certificates of Deposits (CD) tend to compound yearly. loan loans, domestic equity loans, and credit score card accounts typically compound month-to-month.

Compound interest is calculated by multiplying the initial most important amount with the aid of one plus the yearly hobby fee raised to the variety of compound periods minus one.

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Which of the following characteristics tends to be higher in production of goods.
Multiple select question.
O Opportunity to correct problems
O Labor content
O Inventory
O Uniformity of inputs
O Customer contact

Answers

Opportunity to correct problems,Uniformity of inputs, Inventory are the  characteristics tends to be higher in production of goods.

Input variability exists in service operations notwithstanding input uniformity. Each circumstance is different and calls for evaluation and adaptability. On the other hand, industrial processes frequently have a better capacity to regulate input variability, which results in more work needs. A business's inventory is made up of all the things it has on hand that it plans to sell for a profit in the market. The only thing that will be considered as inventory is the newspaper if the seller delivers newspapers to clients using a vehicle. A company's ready-to-sell goods and products, as well as the raw materials needed to make them, are referred to as inventory. There are three main inventory classifications: raw materials, work-in-progress, and finished items.

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a(n) ____ is a network of organizations and activities needed to obtain materials and other resources, produce final products, and get those products to their final users.

Answers

The supply chain is a web of businesses and activities required to gather supplies and other resources, create finished goods, and deliver those goods to consumers.

Define the supply chain.

The connection of all the people, businesses, resources, tasks, activities, and technological advancements involved in the production and distribution of a good is known as a supply chain. A supply chain includes every step of the process, from the transfer of raw materials from of the source to the producer to the final distribution to the customer.

How do the seven supply chain functions work?

Although the field of supply chain management is very vast, there are seven key functional areas that it revolves around: purchasing, manufacturing, inventory control, sales forecasting, storage, transportation, and customer service.

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What is a KEY reason that an entrepreneur might choose to establish a
corporation rather than a partnership or a sole proprietorship? *

Answers

Answer:

permamence, raise more capital,more potential growth, can raise money by borrowing it, and is transferable.

Explanation:

HOPE IT HELPS ( dont judge people if thier answer is not correct ) (◍•ᴗ•◍)❤

_______________ tasks are non-repetitive in nature and involve considerable
application of knowledge, judgment, and expertise. As such, the teams draw their members from different disciplines and functional units, so that specialized expertise can be applied to the task(s) at hand.
1) Project teams
2) Management teams
3) Parallel teams
4) None of these make sense to me.
5) Work teams

Answers

Answer:

1) Project teams

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.

The fundamentals of Project Management are considered universal across most businesses and professions.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

Project teams comprises individuals or group of people that come together as a unit to take on a one-time and non-repetitive tasks that are generally considered to be often complex and as such would require input from members with different types of training, skills, knowledge competence and expertise.

This ultimately implies that, project teams tasks are non-repetitive in nature and involve considerable application of knowledge, skills, competence, judgment, and expertise.

which of the following statements are true
a. the balance sheet should be prepared before the income statement .
b. the income statement should be prepared before the balance sheet
c.the balance sheet and the income statenent should be prepared simultaneously.
d. the order in which the balance sheet and the income statement are prepared is irrelevent ​

Answers

b) The income statement should be prepared before the balance sheet.

My reason for saying this is that when calculating the working capital on the balance sheet, we are going to have to add the net income/profit from the income statement. Hence I think the income statement must be prepared before the balance sheet.

all else equal, greater inventories result in which of the following? greater accounts receivable greater current assets greater fixed assets greater profits

Answers

All else equal, greater inventories result in greater current assets.

Thus, option D is correct.

What is typically the highest inventory expense among the following?

Capital costs frequently represent the largest upfront investment in inventory expenditures. They are a one-time expense related to storing and delivering goods to the specified storage site.

Do higher fill rates indicate better customer service?

High order fill rates show that a company can efficiently and rapidly complete consumer orders. Because they show how well businesses can meet client requests, order fill rates are frequently tracked.

Which type of inventory is used during the last stages of manufacturing a product?

The finished goods inventory contains all items that complete the whole production process and are regarded as final products. Everything else being equal, higher inventories lead to the following improved present assets.

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Complete question:

All else equal, greater inventories result in which of the following?

a. Greater fixed assets

b. Greater profits

c. Greater accounts receivable

d. Greater current assets

Dividends Per Share
Sandpiper Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:
20Y1 $75,000
20Y2 24,000
20Y3 90,000
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.

Answers

The dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.

To determine the dividends per share for preferred and common stock for each year, we need to divide the total dividend amount by the number of shares for each type of stock.

Preferred Stock:

The preferred stock has a 1% dividend rate and a par value of $100 per share. There are 30,000 shares of cumulative preferred stock.

Year 20Y1:

Dividend per share for preferred stock = Dividend amount / Number of preferred shares

Dividend per share for preferred stock = $75,000 / 30,000

Dividend per share for preferred stock = $2.50

Year 20Y2:

Dividend per share for preferred stock = $24,000 / 30,000

Dividend per share for preferred stock = $0.80

Year 20Y3:

Dividend per share for preferred stock = $90,000 / 30,000

Dividend per share for preferred stock = $3.00

Common Stock:

The common stock has a par value of $25 per share. There are 50,000 shares of common stock.

Year 20Y1:

Dividend per share for common stock = Dividend amount / Number of common shares

Dividend per share for common stock = $75,000 / 50,000

Dividend per share for common stock = $1.50

Year 20Y2:

Dividend per share for common stock = $24,000 / 50,000

Dividend per share for common stock = $0.48

Year 20Y3:

Dividend per share for common stock = $90,000 / 50,000

Dividend per share for common stock = $1.80

In summary, the dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.

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a. Suppose the marginal propensity to consume (MPC) for a nation is 0.67. What is the tax multiplier for this nation

Answers

Assuming the marginal propensity to consume (MPC) for a nation is 0.67. The tax multiplier for this nation is: 2.03.

Tax multiplier

Using this formula

Tax multiplier=-MPC/1-MPC

Where:

Marginal propensity to consume (MPC)=0.67

Let plug in the formula

Tax multiplier=0.67/1-0.67

Tax multiplier=0.67/0.33

Tax muitiplier=2.03

Inconclusion the tax multiplier for this nation is: 2.03.

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How many stages does the process of final accounting have?

Answers

The process of final accounting typically involves four stages.

How many stages does process of final accounting have?

These stages are:

1. Recording: In this stage, financial transactions are recorded in the appropriate accounts using the double-entry bookkeeping system.

2. Adjusting: Adjusting entries are made to account for accruals, deferrals, and other adjustments necessary to ensure that the financial statements reflect the correct financial position and results of operations.

3. Summarizing: In this stage, the adjusted trial balance is prepared, and the financial statements are generated, including the income statement, balance sheet, and statement of cash flows.

4. Closing: The final stage involves closing the temporary accounts, such as revenue and expense accounts, into the retained earnings account to start the new accounting period with zero balances in those accounts.

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What is one negative element about automated call answering service
systems?
A. They require a lot of time to operate them.
B. They are not cost efficient for companies.
C. They are impersonal, which can result in dissatisfied customers.
D. The caller can never accomplish his purpose when having to work
with one.
SUBMIT

Answers

Answer:

C. They are impersonal, which can result in dissatisfied customers.

Automated call service systems can help you, but if you have a more in depth question, it can't. The automated voice is impersonal, they don't show any emotional qualities, so they can't say, "sorry that happened to you," or, "sorry for the wait," (etc).

One negative element about automated call answering service systems is that they are impersonal, which can result in dissatisfied customers.

Thus, the correct option is C.

What are automated calls?

A pre-recorded voice message is effectively delivered to the customer through an automated phone call. You can record a message, schedule a call, and send it whenever you like to as many recipients as you like.

An electrical device or piece of software that automatically calls phone numbers is known as an automatic dialer (also spelled auto dialer, auto-dialer, and auto dialer). The auto dialer either plays a recorded message or connects the call to a live person after the phone has been answered.

Automated voice calls are phone calls that merely repeat an already prerecorded message to any number of clients at once. Their fondness for them is primarily due to the built-in cloud capabilities.

Computer systems, network devices, or other machinery can operate automatically with the help of a collection of software and hardware components known as automated system operations (ASO).

ASOs make it possible for computer systems to function without a human operator present at the location where the system is deployed.

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What's the first step in creating a resume?


Create an opening statement of the type of work you are seeking


Gather your references


Write out your work history


List your diplomas, degrees, and certifications

Answers

Create an opening statement of the type of work you are seeking

An Adidas sweatshirt is originally priced at $100. It is currently on sale for 20% off What is the sole price?​

Answers

Answer:

$80

Explanation:

20% off $100: 80= 100/5=20...100-20=80

20% of 100 is 20. 100-20=80

Which of the following is the best example of an ethical statement?

Answers

an ethical statement is important to a person, such as honesty or integrity.


Question 12
Which of the following transactions may NOT be reflected on your account balance if you go online to check your balances?
O ATM cash withdrawal from yesterday
O Check that you mailed to your cousin for his birthday today
Automatic payment for your car loan paid two days ago
O Debit card transaction from purchasing snacks at a local convenience store today

Answers

Check that you mailed to your cousin for his birthday today  may NOT be reflected on your account balance if you go online to check your balances.

What is account ?In accounting, an account refers to a  general ledger record used to sort and store balances. For example,  a company has a cash account  that records all balances that increase or decrease the company's cash. In macroeconomics, a financial account is the component of a country's balance of payments that covers claims  or liabilities to non-residents, particularly in relation to financial assets. Components of the financial balance include direct investments, portfolio investments and reserve assets, and are grouped by sector. Accounting & Finance examines money, business and management. Accounting refers to the analysis of information about various aspects of a business, whereas finance is concerned only with an organization's funds.

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What is the first step in the standard purchasing process practiced by most companies

Answers

Answer:

requisition

Explanation:

its correct :D

The first step in the standard purchasing process practised by most companies is requisition.

What do you understand by requisition?

Requisition is a request for goods or services made by an employee to the person or department in a company that is responsible for purchasing. If the request is approved, that entity will submit a purchase order to a supplier for the goods or services. In this context, a requisition is also known as a purchase requisition.

Requisitions are usually submitted in a standardized format on paper form or through e-procurement software that automates some of the tasks involved and reduces duplication of effort. A requisition form, whether physical or digital, typically includes the details about the item requested, the date of the request, the individual and department making the request and the location where the goods should be delivered.

Copies of the requisition, the purchase order, the invoice and the packing slip are usually stored together.

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PLEASE ANSWER FAST
DUE TODAY
You are writing an information guide for young students titled Banking in the United States Made Easy!


Explain each of the following terms in your own words.


Currency -


Interest -


Money supply -


Profit -


Stock -


Answer each of the following questions in complete sentences.


Banks are businesses. Like other businesses, they seek profit. How do they earn profit?


Why might an individual want to use a bank? Give an example of why a person would use a bank.


Why might a business want to use a bank? Give an example of why a business owner would use a bank.


What is the Federal Reserve?


The money supply is the total amount of money available in the economy. How do changes in the money supply affect people and businesses?


How does banking affect the money supply?


What would happen if banking didn’t exist?


This chart shows a sequence of causes and effects in how banking can affect society. Complete the chart by selecting the correct word.


1. The Fed reduces interest rates.

2. Banks will make (more or fewer?) loans.

3. The money supply (increases or decreases?).

4. People and businesses are (more or less) likely to spend and borrow money.

5. The number of jobs will (decrease or increase?).

6. People will buy (more or fewer?) cars, homes, and fun stuff.

7. Growth of the economy speeds up.

8. Inflation will (decrease or increase?).

Answers

Answer:

Currency - Currency refers to the paper money and coins that are used to buy goods and services in the United States.

Interest - Interest is the fee that is charged by a bank when a person or a business borrows money. It is the cost of borrowing money.

Money supply - Money supply refers to the total amount of money available in the economy, including cash, coins, and bank deposits.

Profit - Profit is the money that a business makes after all its expenses have been paid. It is the amount that is left over.

Stock - A stock is a share in the ownership of a company. When someone buys a stock, they own a small part of the company.

How do banks earn a profit?

Banks earn a profit by charging interest on loans and by investing the money that people deposit in their accounts.

Why might an individual want to use a bank?

An individual might want to use a bank to keep their money safe, to earn interest on their savings, or to take out a loan to buy a car or a home.

Why might a business want to use a bank?

A business might want to use a bank to keep its money safe, to borrow money to invest in the business, or to process payments from customers.

What is the Federal Reserve?

The Federal Reserve is the central bank of the United States. It is responsible for regulating the country's financial system, including setting monetary policy and supervising banks.

How do changes in the money supply affect people and businesses?

Changes in the money supply can affect people and businesses by causing inflation, which is a general increase in prices, and by affecting interest rates.

How does banking affect the money supply?

Banking affects the money supply by creating and destroying money through the process of lending and borrowing.

What would happen if banking didn’t exist?

If banking didn't exist, people would have to keep their money in their homes or in other places, and businesses would have to find other ways to borrow money and process payments.

1. The Fed reduces interest rates.

2. Banks will make more loans.

3. The money supply increases.

4. People and businesses are more likely to spend and borrow money.

5. The number of jobs will increase.

6. People will buy more cars, homes, and fun stuff.

7. Growth of the economy speeds up.

8. Inflation will increase.

Explanation:

Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder Estimated inventory (units), June 1 284 79 Desired inventory (units), June 30 327 69 Expected sales volume (units): Midwest Region 4,300 4,800 South Region 5,050 4,400 Unit sales price $95 $225

Answers

Answer:

Sonic Inc.

a. Sales Budget for the month of June:

                                                         Rumble     Thunder          Total

Midwest Region                               4,300           4,800             9,100

South Region                                   5,050           4,400            9,450

Total units sold                                9,350           9,200           18,550

Sales price                                          $95            $225

Expected Sales Revenue         $888,250 $2,070,000  $2,958,250

b. Production Budget for the month of June:

                                                              Rumble     Thunder    Total

Desired inventory (units), June 30        327               69          396

Total units sold                                   9,350          9,200     18,550

Total units available for sale             10,287          9,269     19,556

Estimated inventory (units), June 1      284                79          363

Units to be produced                       10,003           9,190      19,193

Explanation:

a) Data and Calculations:

                                                        Rumble     Thunder

Estimated inventory (units), June 1     284             79

Desired inventory (units), June 30     327             69

Expected sales volume (units):

Midwest Region                               4,300        4,800

South Region                                   5,050        4,400

Unit sales price                                   $95        $225

Mackenzie Company has a price of $38 and will issue a dividend of $ 2.00 next year. It has a beta of 1.3, the risk-free rate is 5.2%, and the market risk premium is estimated to be 4.9%. a. Estimate the equity cost of capital for Mackenzie. b. Under the CGDM, at what rate do you need to expect Mackenzie's dividends to grow to get the same equity cost of capital as in part (a)?

Answers

Answer and Explanation:

a. The computation of the equity cost of capital is shown below:

As we know that

Expected rate of return = Risk free rate + Risk Premium × Beta

= 5.20% + 4.90% × 1.30

= 11.57%

b. Now the rate at which the dividend should be grow is

Value of the stock = Expected dividend ÷ (cost of equity - growth rate)

$38 = $2 ÷ (11.57% -  growth rate)

so, the growth rate is 6.31%

You are the controller of Software Company, a distributor of computer software, which is planning to acquire a portion of the net assets of a product line of Midge Company, a competitor enterprise. The projected acquisition cost is expected to exceed substantially the current fair value of the identifiable net assets to be acquired, which the competitor has agreed to sell because of its substantial net losses of recent years. The board of directors of Software asks if the excess acquisition cost may appropriately be recognized as goodwill.
Instructions
Prepare a memorandum to the board of directors an answer to the question, after consulting the guidelines issued by either FASB or IAS

Answers

According to IAS 1, a business is permitted to present either two separate statements of profit and loss and other comprehensive income or a single integrated statement.

What is comprehensive income?

Comprehensive income refers to the total income earned by a company, including both realized and unrealized gains and losses. It encompasses all transactions that affect a company's financial position but are not included in its regular income statement. Examples of these transactions include changes in the value of available-for-sale securities, foreign currency translation adjustments, and gains or losses from hedging activities. Comprehensive income is often reported in a separate section of a company's financial statements and may be broken down into its individual components. This information can provide valuable insights into a company's financial performance, as it takes into account a broader range of financial activities than traditional income statements.

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An investor has $40,000 available. He plans to invest in three types of funds. Fund A has a projected 8% annual return rate, Fund B has a projected 10% annual return rate, and Fund C has a 9% annual return rate. He has decided to invest no more than 30 percent of the total amount in Fund B and no more than 40 percent of the total amount in Fund C. He runs a linear optimization analysis with the goal of maximizing the annual return. He finds that the maximum return is $3,600 according to the available money and all constraints.

According to optimization reports, the investor should allocate $16,000 to buy Fund C. The status of the investment in Fund C shows “Binding”, and the shadow price for the investment in Fund C is 0.01. Which statement is correct?

Answers

Since the shadow price is 0.01 according to the given information, the slack value of the investment in Fund C should be 0.01, means that the slack value for a binding constraint is equal to the shadow price. Thus, option B is correct.

What is the slack value?

A “slack value” is a positive definite variable used to express functions with discontinuous derivatives in the format needed by typical optimization tools. The maximum value function, for example, may be expressed by substituting one variable with two.

The phrase “slack” refers to constraints that are less than or equal to zero, whereas the term “surplus” refers to constraints that are larger than or equal to zero.

According to the information provided, the shadow price is 0.01; thus, the slack value of the investment in Fund C should be 0.01, implying that the slack value for a binding constraint is equal to the shadow price.

Therefore, option B is correct.

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The options in the given case are:

Since the shadow price is 0.01, the investor can buy fund C for $0.01 per share.Since the shadow price is 0.01, the slack value of the investment in fund C should be 0.01.According to the reported shadow price, if the investor increases $1 investment in Fund C, he can only get increase the annual return by $0.01D) Since the status is “Binding”, the shadow price of Fund C is too expensive
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