The taxpayers who report on form 1099-Dlv generally compute the amount of tax on the income using the qualified Dividends and capital gain. The Option B is correct.
What is the form 1099-Dlv?In U.S., the Form 1099-DIV are used by banks and other financial institutions to report dividends and other distributions to taxpayers and to the IRS. Its shows the dividends received, taxes withheld, non-dividend distributions, capital gains distributions, investment expenses and certain other types of gains.
By using Form 1099-DIV, the dividends and distributions is sent to investors who receive distributions from any type of investment during a calendar year.
Read more about Tax form
brainly.com/question/25783927
#SPJ1
Which of the following is a sign that you have a budget deficit?
When liabilities outweigh assets, imports outweigh exports, or expenses over revenues, a deficit results. The national debt is increased by federal budget deficits. Government spending and tax policies are used by fiscal policy to affect macroeconomic factors such as inflation, employment, and total demand.
What are liabilities?The term "liability" can refer to both being held accountable for something as well as owing someone money or services. A homeowner's tax liability, for instance, may be determined by how much in property taxes he must pay to the city or in income taxes to the federal government. Financial accounting defines liabilities as the obligations a company has to its customers. Money owing to suppliers, or accounts payable, is a typical liability for small firms. On a company's balance sheet, a typical financial statement produced by financial accounting software, you can see liabilities.
To learn more about liabilities click,
https://brainly.com/question/14921529
#SPJ1
efforts to protect the consumer cover a wide range of areas but the text focuses on three: product, politics and promotions. True or False ?
Efforts to protect the consumer cover a wide range of areas but the text focuses on three: product, politics and promotions. given statement are True.
What is 'Product' ?
The object being sold is referred to as a product. A service or an object both qualify as products. It might take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that may be charged.
What do you mean of politics?
Politics is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of resources or status.
What do we mean by promotion?
The term "promotion" covers a wide range of activities designed to increase public awareness or promote a product. Promotion in the context of a career is raising a worker's position or rank within a hierarchical structure.
Learn more about product, politics and promotions visit this link
https://brainly.com/question/27327667
#SPJ4
In what circumstances would a property insurance claim be rejected?
The circumstances that could make a property insurance claim to be rejected are policy exclusions, failure to disclose information, non-payment of premiums, lack of coverage, policy conditions not met, misrepresentation or fraud, and wear and tear or maintenance issues.
What are these circumstances?Property insurance claims can be rejected for various reasons. While the specific circumstances may vary depending on the policy and insurance provider, here are some common situations in which a property insurance claim may be denied:
1. Policy exclusions: Insurance policies typically have specific exclusions listed in the terms and conditions. If the cause of damage or loss falls within these exclusions, the claim may be rejected. Common exclusions include acts of war, intentional acts, neglect or lack of maintenance, and certain natural disasters not covered by the policy.
2. Failure to disclose information: When applying for property insurance, it's crucial to provide accurate and complete information. If the insured fails to disclose relevant details about the property or provides false information, the claim could be denied. For example, if a homeowner fails to disclose a previous claim or provides inaccurate details about the property's security features, the claim may be rejected.
3. Non-payment of premiums: Insurance policies require regular premium payments to remain in force. If the insured fails to pay premiums within the grace period, the coverage may lapse, and any subsequent claims may be denied.
4. Lack of coverage: Insurance policies have specific coverage limits and deductibles. If the claimed loss exceeds the policy's coverage limit or falls below the deductible amount, the claim may be rejected or only partially paid.
5. Policy conditions not met: Insurance policies often have conditions that must be met to validate a claim. For example, the insured may be required to notify the insurance company promptly after the loss occurs, provide documentation and evidence of the damage, and cooperate fully during the claim investigation process. Failure to meet these conditions could result in claim denial.
6. Misrepresentation or fraud: If the insurance company determines that the insured intentionally misrepresented information or engaged in fraudulent activities to obtain coverage or make a claim, the claim will likely be rejected. This includes submitting falsified documents, inflating the value of the claimed items, or staging the loss.
7. Wear and tear or maintenance issues: Property insurance typically covers sudden and accidental damage rather than damage resulting from wear and tear, lack of maintenance, or pre-existing conditions. If the insurer determines that the damage is a result of normal wear and tear or inadequate maintenance, the claim may be denied.
It's important to carefully review the terms and conditions of your insurance policy and promptly report any losses to your insurance company to maximize the chances of a successful claim.
learn more about property insurance claim: https://brainly.com/question/30179892
#SPJ1
PLEASE HURRY
1. What are the 3 parts of the Federal Reserve?
2. How many Board of Governors are there?
3. How many District/Reserve Banks are there?
4. Which Reserve Bank President always gets a vote with the FOMC (hint: which city)?
5. How many votes are there in the FOMC, the group that takes action on the nation's money supply?
6. What is the long term goal of the Federal Reserve (hint: discussed at the research department)
7. How do banks get money so that it can be lended out to businesses and consumers?
Like 4 avengers Endgame!!
Answer:
kkk(k(kkkkkkkkkkkkkkk
Answer:
yessssssssssss
PLEASE HELP!! Retirement plans-
Under what circumstances is it better to be taxed later(when you retire and draw money from your account) instead of now?
Answer:
Though retirement may seem far off, saving for it as early as possible will ensure you have enough money to get you through your retirement years. In addition, investing benefits from compounding returns, which will increase your money more over a longer period of time.
Outline their economic importance
The economic importance of publicly traded companies include:
Job creation Innovation Wealth creationPublicly traded companies are often large employers, and their growth and expansion can create jobs and stimulate economic activity. Publicly traded companies are often at the forefront of new technology and innovative business models, which can drive economic growth and productivity.
Publicly traded companies can create wealth for investors, employees and other stakeholders. When the companies perform well, their stock price increases and shareholders can reap the benefits in the form of dividends and capital appreciation.
Find out more on publicly traded companies at https://brainly.com/question/15409930
#SPJ1
The full question is:
Publicly traded companies are less than 1% of the companies in the United States. Outline their economic importance.
A PPC is curved because
A. Some productive resources are better at certain tasks than other
resources
B. There is a limited amount of productive resources
C. Some goods are harder to make than other goods
Option C is correct regarding PPC curve.
Why is the PPC a curved line and not a straight line?Since there is a cost associated with making a decision, such as when the amount of one good produced is higher and the quantity of the other is low, it is always represented as a curve rather than a straight line. It is called as opportunity cost.
What is a PPC curve?A model called the Production Possibilities Curve (PPC) illustrates the trade-offs involved in splitting resources between the production of two items. The PPC can be used as an example to explain the ideas of scarcity, opportunity cost, efficiency, and economic growth and contraction. Consider Carmen, a carpenter who divides her time between manufacturing tables and creating bookcases. Given her present resources, the PPC would display the maximum number of tables or bookcases she could erect. If she had rising or constant opportunity costs, the PPC's shape would show it.
To know more about PPC curve visit: brainly.com/question/28616860
#SPJ1
Refer to the Learning Activity titled “Introduction to Ratio and Rates: Comparing Values.” Describe the technique that was used to solve Example 3. What other approaches might you use to solve the same problem? Suppose a customer prefers to work with the criterion “How many items can be purchased for $1?” Explain why that might be a meaningful comparison for the customer to use, and explain how the comparison would then be able to compare two different items having different selling prices.
Example 3 in the "Introduction to Ratio and Rates" Learning Activity was solved by comparing unit rates, while alternative methods include equivalent fractions and proportions; comparing items based on their purchase quantity for a set amount can be a valuable comparison method for customers, despite differing prices.
In Example 3 of the Learning Activity, the technique used to solve the problem was to calculate the unit rate (price per item) for each of the two items being compared and then compare the unit rates. One approach that could be used to solve the same problem is to calculate the total cost of purchasing the same number of items for each of the two items being compared and then compare the total costs.
If a customer prefers to work with the criterion "How many items can be purchased for $1?", this would be a meaningful comparison as it allows the customer to understand the relative value of different items. To compare two different items with different selling prices, the customer could calculate the unit price (price per item) for each item and then determine how many items can be purchased for $1 for each item. The item that allows the customer to purchase more items for $1 would be the more valuable option.
To know more about selling prices, here
brainly.com/question/29511226
#SPJ1
Sophia has been hired as a consultant to identify the core tasks of different jobs in a large electronics manufacturing plant. She closely observes workers, records what they do, how the work is done, and how long it takes to perform the task. Sophia is involved in the process of
Sophie has been hired as a consultant to identify the core tasks of different jobs in a large electronics manufacturing plant. she closely observes workers, records what they do, how the work is done, & how long it takes to perform the task. Sophia is involved in the process of job analysis.
The process of gathering and evaluating data about the content and human requirements of jobs, as well as the context in which they are carried out, is known as job analysis. The placement of jobs is determined through this procedure. Units and Human Resources share decision-making authority in this area under NU Values. The unit's organizational leadership will establish specific internal approval procedures. Within a job family, job organization is defined by job analysis. For employees who are interested in increasing their compensation and career advancement opportunities, it enables units to identify career progression paths. The Zone Placement Matrix's various factors are assigned a relative value. Using the job analysis process, each new and existing position will be assigned to a job family and zone. The five criteria in the Zone Placement Matrix are used to assign positions into families and zones based on assigned responsibilities, qualifications, and competencies. Leaders of organizational units are encouraged to seek guidance from Human Resources at any stage of the job analysis process.
To know more about job analysis visit
brainly.com/question/29800010
#SPJ4
Taylor, Inc., stock has a beta of 1.2 and an expected return of 9.3%. The risk-free rate is 4.1% and the market risk premium is 6.8%. This stock is _____ because the CAPM return for the stock is _____%.a. overvalued; 11.87.
b. undervalued; 12.09.
c. undervalued; 12.26.
d. overvalued; 12.26.
e. undervalued; 11.87.
Answer:
The stock is overvalued because the CAPM return for the stock is 12.26%
Option d is the correct answer.
Explanation:
Using the CAPM, we can calculate the required rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate. If the expected return on a stock is less than the required rate of return, a stock is said to be overvalued and vice versa.
The formula for required rate of return under CAPM is,
r = rRF + Beta * rpM
Where,
rRF is the risk free rate
rpM is the market return
r = 0.041 + 1.2 * 0.068
r = 0.1226 or 12.26%
The stock is overvalued because the CAPM return for the stock is 12.26%
Once you have explained how Emma is currently applying the five Ps to the products R&CC sells, identify at least one new way that each of the five Ps could be improved. When making your recommendations, be as specific as possible so that she can execute some of your ideas immediately.
The five Ps of marketing and potential applications Products should meet criteria, prices should be reasonable, staff should be informed, and promotional strategies should successfully communicate
The five Ps of marketing are described in detail, along with potential applications. Emma needs to make sure that the products from R&CC meet the criteria for Pricing should be comparable with those made available by rival merchants while still allowing for a profit margin. Along with making sure that their products are available to customers and that they have a promotional strategy that effectively communicates, Emma needs to make sure that R&CC's staff is knowledgeable, friendly, and offers good customer service.
To learn more about marketing refer here:
https://brainly.com/question/30392294
#SPJ1
What categories of resources are managed by business?
Answer:
Physical resources, such as raw material, buildings, vehicles, transportation, storage facility, machines and factory.
Explanation:
If a $5,000 coupon bond has a coupon rate of 13 percent, then the coupon payment every year is (a) $650. (b) $1,300.
1. Which one of the following is not considered part
of the exterior finish of a house?
A. An entry door.
B. Ceiling of a porch or breezeway,
C. Cornice.
D. Exterior wall coverings
The part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.
What is the exterior finish of a house?The exterior finish of a house refers to an outer layer or structure that can be seen physically from the outside and add to the image of the entire house.
A cornice is a horizontal architectural design of a building that is positioned away from the main walls used in directing rainwater from the building walls.
Thus, the exterior finish of the house is:
An entry doorCorniceExterior wall coveringsFrom the given options;
The ceiling of a porch or breezeway is usually inside the house.Therefore, the part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.
Learn more about a house here:
https://brainly.com/question/1739912
Communication response time must be faster than in the past to succeed in the modern workplace. please select the best answer from the choices provided t f
Due to the nature of the work environment now, it is true that communication response time must be faster than in the past to succeed in the modern workplace.
What is communication response time?Communication response time refers to the time it takes for information passed between two or more persons to be received, processed and responded to by the individuals receiving the information.
The current work environment is fast-paced and requires faster communication response time.
Therefore, it is true that communication response time must be faster than in the past to succeed in the modern workplace.
Learn more about communication at: https://brainly.com/question/26152499
#SPJ4
Which of the following often occurs with money and prices when the government prints more money and places it into circulation?
How does finance and insurance affect in our global economy?
The ways that finance and insurance affect our global economy include:
Capital allocationRisk managementHow can finance and insurance affect the economy ?Finance plays a crucial role in allocating capital to its most productive uses. Through the provision of financial services such as banking, investment, and asset management, finance channels funds from savers to investors, supporting economic growth and development.
Insurance plays a vital role in managing risk and protecting individuals and businesses from potential losses. By spreading risk among a large pool of insured individuals or companies, insurance enables businesses to invest and take on new opportunities with greater confidence, contributing to economic growth and stability.
Find out more on finance at https://brainly.com/question/28556872
#SPJ1
On March 4 of the current year, Barefoot Bay, Inc. reacquired 5,000 shares of its common
stock at $89 per share. On August 7, Barefoot Bay sold 3,500 of the reacquired shares at $100
per share. The remaining 1,500 shares were sold at $88 per share on November 29.
Required (10 points)
(a) Journalize the transactions of March 4, August 7, and November 29.
(b) What is the balance in Paid-In Capital from Sale of Treasury Stock
on December 31 of the current year?
A. When the company reacquires its own stock from the market, Treasury Stock is debited, and Cash is credited.
B. The balance in Paid-In Capital from the Sale of Treasury Stock on December 31 of the current year will be $40,000.
(a) Journal entries for the given transactions: March 4, 2021: When the company reacquires its own stock from the market, Treasury Stock is debited, and Cash is credited. So, in this transaction, the Treasury Stock account is debited and the Cash account is credited by $445,000.
The journal entry to record this transaction is Treasury Stock $445,000 Cash $445,000 August 7, 2021: When the company sells the treasury stock, the Cash account is debited, Treasury Stock is credited, and the difference between the two is credited to Paid-In Capital from Treasury Stock account.
On August 7, Barefoot Bay sells 3,500 shares at $100 each. Thus, in this transaction, the Cash account is debited by $350,000 ($100 × 3,500), the Treasury Stock account is credited by $311,500 ($89 × 3,500), and Paid-In Capital from the Treasury Stock account is credited by $38,500 [($100 - $89) × 3,500].
The journal entry to record this transaction is: Cash $350,000Treasury Stock $311,500Paid-In Capital from Treasury Stock $38,500 November 29, 2021:When the remaining treasury stock is sold, Cash account is debited, Treasury Stock is credited, and the difference between the two is credited to Paid-In Capital from Treasury Stock account.
On November 29, Barefoot Bay sells the remaining 1,500 shares at $88 each. Thus, in this transaction, the Cash account is debited by $132,000 ($88 × 1,500), the Treasury Stock account is credited by $133,500 ($89 × 1,500), and Paid-In Capital from the Treasury Stock account is credited by $1,500 [($88 - $89) × 1,500]. T
he journal entry to record this transaction is: Cash $132,000Treasury Stock $133,500Paid-In Capital from Treasury Stock $1,500
(b) The balance in Paid-In Capital from the Sale of Treasury Stock on December 31 of the current year will be $40,000 ($38,500 + $1,500).
The Paid-In Capital from the Sale of the Treasury Stock account is credited with the difference between the sale price and the purchase price of the treasury stock sold. The difference is multiplied by the number of shares sold and then credited to Paid-In Capital from the Sale of the Treasury Stock account.
Finally, the balance of this account is transferred to the Retained Earnings account at the end of the year. Here, 3,500 shares were sold for $100 per share, and the remaining 1,500 shares were sold for $88 per share.
Therefore, the total amount credited to the Paid-In Capital from the Treasury Stock account will be $40,000 ($38,500 + $1,500). The balance in Paid-In Capital from the Sale of Treasury Stock on December 31 of the current year will be $40,000.
Know more about Treasury Stock here:
https://brainly.com/question/29098803
#SPJ8
Your parents invested $1000 into an account when you were born. The account has an interest rate of 6% and compounds monthly (12 times per year). Calculate how much the account would be worth on your 20th birthday if no other activity took place.
Answer:
$3,310.20
Explanation:
The applicable formula in this case is
A = P x ( 1 + r )^ n
Where A= amount after 20 years
P is principle amount= $1000
r is interest rate = 6 % or 0.06 per year: monthly interest = 0.06/12
n is number of periods = 12 months x 20 years
A = $1000 x ( 1 + 0.005) ^240
A = $1000x (1.005) ^ 240
A =$1000 x 3.31020447580
A =$3,310.2044
When a company cannot fully satisfy demand because of a constraint, which of the following describes an action that should NOT be taken?
A. Relaxing the constraint
B. Tightening the constraint
C. Investing to improve the capacity of the bottleneck
D. Reducing the number of defective units produced through the bottleneck
When a company cannot fully satisfy demand because of a constraint, the action that should not be taken is tightening the constraint. That is option B.
How does companies satisfy demands?A successful company is always capable of satisfying their customers demands through the following ways:
By keeping in touch with their customers,Listen to the complaints of their employees,Address the feedback issues from their customers, Evaluation of the identified issues and generation of a possible solution.in order to successfully satisfy the demands the f their customers, they are not to tighten the constraint which would otherwise worsen the situation for them.
Learn more about customer demands here:
https://brainly.com/question/20812603
The business judgment rule provides corporate officers and directors protection when Multiple Choice the liability is a result of a decision that involves a breach of duty. they are unaware of some of the material aspects of a decision. they have a financial self-interest in the disputed transaction. they set up a committee to establish a procedure for making decisions that are in the best interests of the corporation.
Answer:
they set up a committee to establish a procedure for making decisions that are in the best interests of the corporation.
Explanation:
The business judgment rule provides corporate officers and directors protection when they set up a committee to establish a procedure for making decisions that are in the best interests of the corporation.
Generally, the business judgment rule is a legal principle that primarily protect the board of directors from breach of fiduciary duty liability, in as much as the directors acted in good faith of the shareholders and ensuring a logical and well informed decision-making process.
The fiduciary duty liability of the corporate officers and directors of an organization to its shareholders are duty of loyalty, care, prudence, which implies, they'll always make the interest of the corporation and its shareholders a high level priority.
Hence, the business judgment rule is aimed at protecting and mitigating the risks faced by corporate officers and directors in the event of litigations because it is assumed that they're acting in the interest or favor of the corporation and its shareholders.
What do you mean by quality control ? Discuss the need for controlling quality of goods and services ?
Answer:
Explanation:
Quality control can be defined as a process by which a manufacturer or producer maintains the standard or quality of it's product.
This is to ensure that quality of the product is maintained over time and also gives room for improvement.
The need for controlling quality of goods and services:
1. It is to ensure the quality of the product does not depreciate over time.
2. To ensure little or not error is made during production process.
3. Quality control is done to ensure a great customer satisfaction.
4. It also helps to increase consumers confidence in a product.
5. Quality control gives room for improvement on the quality of a product.
Suppose you start saving for retirement when you are 45 years old. You invest $5,000 the first year and increase this amount by 3% each year to match inflation for a total of 20 years. The interest rate is 10% per year. How much money will you have saved when you are 65 years old
Answer:
FV= $404,734.15
Explanation:
Giving the following information:
Annual investment (A)= $5,000
Increase rate= 3%
Interest rate= 10%
Number of periods= 20 years
To simplify calculations, we will sum up the increased rate to the interest rate. The effect on the investment of both rates is the same.
Real interest rate= 0.03 + 0.1= 0.13
Now, to determine the nominal value of the account in 20 years, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,000*[(1.13^20) - 1]} / 0.13
FV= $404,734.15
Nevada plans to give companies additional funding for making products that reduce pollution. A car company, a2b, Only produces cars that run on gas. A career with this company has
existing demand right now and good projection for a demand in the future
existing demand right now but no projection for Demand in the future
no demand right now and no projection for demand in the future
no demand right now but good projection for demand in the future
Answer:
ANSWER IS B I GOT IT RIGHT
Explanation:
JUST DO IT!
Nevada plans to give companies additional funding for making products that reduce pollution. A car company, Only produces cars that run on gas. A career with this company has existing demand right now but no projection for Demand in the future. Option (b) is correct.
What do you mean by Company?A company is a legal body created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate legislation of its jurisdiction, a corporation may be set up in a variety of ways for tax and financial liability reasons.
Demand describes the consumer's desire and willingness to purchase a good or service at a specific time or over an extended period of time. Additionally, consumers must be able to afford the items they want or need based on their budgeted disposable income.
The link between supply and demand is crucial because it helps to establish the costs and availability of the majority of goods and services in a given market. The interplay between supply and demand eventually balances out in accordance with the tenets of a market economy.
Therefore, Option (b) is correct. Existing demand right now but no projection for Demand in the future.
Learn more about Company, here;
https://brainly.com/question/29354835
#SPJ2
This is weird what is ya favorite anime character
Answer:
naruto
Explanation:
He is my favourite anime character.........
Peavey Enterprises purchased a depreciable asset for $24,500 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $2,500, what will be the amount of accumulated depreciation on this asset on December 31, Year 3? a. $15,125.b. $4,583.c. $22,000.d. $18,333.e. $5,500.
Answer:
a. $15,125
Explanation:
The computation of the accumulated depreciation is shown below:
The formula i.e. be used for the yearly depreciation expense using the straight-line method is shown below:
= (Original cost - residual value) ÷ (useful life)
For the first year
= ($24,500 - $2,500) ÷ (4 years)
= ($22,000) ÷ (4 years)
= $5,500
The 9 months depreciation is $4,125
For the second year
= ($24,500 - $2,500) ÷ (4 years)
= ($22,000) ÷ (4 years)
= $5,500
For the third year
= ($24,500 - $2,500) ÷ (4 years)
= ($22,000) ÷ (4 years)
= $5,500
Now the accumulated depreciation is
= $4,125 + $5,500 + $5,500
= $15,125
The amount of accumulated depreciation on this asset on December 31, Year 3 is a. $15,125.
Depreciable Value = $24,500-$2500
Depreciable Value = $22,000
Per Year depreciation = $22000/4
Per Year depreciation= $5500
Depreciation for year 1 = $5500 x 9/12
Depreciation for year 1 = $4125
Depreciation for year 2 = $5500
Depreciation for year 3 = $5500
Accumulated depreciation on 31st December year 3 = $4125+$5500+$5500
Accumulated depreciation on 31st December year 3= $15,125
Inconclusion the amount of accumulated depreciation on this asset on December 31, Year 3 is a. $15,125.
Learn more about accumulated depreciation here:https://brainly.com/question/1287985
A stock has an average return of 13.6% and a standard deviation of 8.4%. In any one given year, you have a 95% chance that you will not lose more than _____% nor earn more than ____% if you invest in this security.
a. 5.2% to 22.0%.
b. 3.2% to 30.4%.
c. 3.2% to 30.4%.
d. 5.2% to 22.0%.
e. 13.6% to 38.8%.
Answer:
options B and C are identical, and they are both right.
b. 3.2% to 30.4%. c. 3.2% to 30.4%.you have a 95% chance that you will not lose more than 3.2% nor earn more than 30.4% if you invest in this security.
Explanation:
a 95% confidence level represents approximately 2 standard deviations, so the stock could lose up to 13.6% - (2 x 8.4%) = -3.2% in the worse case scenario. You should also be able to earn 13.6% + (2 x 8.4%) = 30.4% in the best case scenario.
On June 30, year 8, Adonis Co. had outstanding 4%, $4,000,000 face value bonds, originally issued at 98, maturing on June 30, year 13. Interest was payable semiannually every June 30 and December 31. Adonis did not elect the fair value option for reporting its financial liabilities. On June 30, year 8, after amortization was recorded for the period, the unamortized bond discount and bond issue costs were $40,000 and $30,000 respectively. On that date, Adonis acquired all its outstanding bonds on the open market at 97 and retired them. At June 30, year 8, what amount should Adonis recognize as gain before income taxes on redemption of bonds
Answer:
gain on redemption 110,000
Explanation:
bonds payable 4,000,000 debit
bond issuance cost 30,000 debit
discount on bonds 40,000 credit
cash 3,880,000 credit
gain on redemption 110,000 credit
book value of the bonds:
face value 4,000,000
discount (40,000)
issuance cost 30,000
total 3,990,000
acquisition value:
4,000,000 x 97% = 3,880,000
redemption gain/loss
book value less redemption price
3,990,000 - 3,880,000 = 110,000 gain on redemption
A craft store retailer uses a markup rate of 65%. A scrapbook kit costs the retailer $20. What is the selling price of the scrapbook kit?.
The value of the global arts and crafts business was estimated by Yahoo Finance to be close to $57 billion in 2021. By 2027, it's projected to be worth roughly $70 billion. Every year on March 4, the global scrapbooking industry is honoured on International Scrapbooking Industry Day. Despite the availability of digital scrapbooking, scrapbooking is still tremendously popular all over the world.
Find out the scrapbook kit's retail price.
To demonstrate what has been stated
A markup rate of 65% is used by one craft store retailer.
A $20 scrapbooking kit.
The decimal representation of 65 percent is used.
= 0.65
Price markup = 0.65 x 20
= $ 13
Scrapbook kit cost plus markup price equals the selling price.
= 13 + 20
= $33
Consequently, the scrapbook kit costs $33 to buy.
Learn more about scrapbook here :
https://brainly.com/question/12058789
#SPJ4