The Preparing Adjusted Trial Balance with the help of Worksheet: is given below:
The Adjusted Trial BalanceSolutions Company
Worksheet
December 31
Accounts Unadjusted Trial Balance Adjusting Entries Adjusted Trial Balance
Debit Credit Debit Credit Debit Credit
Cash $20,000 $20,000
Accounts Receivable 0 $2,450 2,450
Supplies 7,600 $4,150 3,450
Machinery 50,000 50,000
Accumulated Depreciation $20,000 3,800 $23,800
Accounts Payable 0 0
Interest Payable 0 800 800
Salaries Payable 0 400 400
Unearned Rental Fees 7,200 4,000 3,200
Note Payable 30,000 30,000
Common Stock 10,000 10,000
Dividends 9,500 9,500
Retained Earnings 14,200 14,200
Rental Fees 32,450 6,450 38,900
Salaries Expense 24,500 400 24,900
Interest Expense 2,250 800 3,050
Supplies Expense 0 4,150 4,150
Depreciation Expense 0 3,800 3,800
Totals $113,850 $113,850 $15,600 $15,600 $121,300 $121,300
Preparing Income Statement:-
Solutions Company
Income Statement
For the Year Ended December 31
Accounts Amount Amount
Revenue:-
Rental Fees $38,900
Total Revenue $38,900
Expenses:-
Salaries Expense $24,900
Interest Expense 3,050
Supplies Expense 4,150
Depreciation Expense 3,800
Total Expenses ($35,900)
Net Income $3,000
Preparing Statement of Retained Earnings:-
Solutions Company
Statement of Retained Earnings
For the Year Ended December 31
Accounts Amount
Retained Earnings 14,200
Net Income 3,000
$17,200
Dividends (9,500)
Retained Earnings, Ending $7,700
Preparing Balance Sheet:-
Solutions Company
Balance Sheet
December 31
Accounts Amount Amount
Assets:-
Cash $20,000
Accounts Receivable 2,450
Supplies 3,450
Machinery 50,000
Accumulated Depreciation (23,800)
Total Assets $52,100
Liabilities:-
Accounts Payable $0
Interest Payable 800
Salaries Payable 400
Unearned Rental Fees 3,200
Note Payable 30,000
Total Liabilities $34,400
Stockholders Equity:-
Common Stock $10,000
Retained Earnings, Ending 7,700
Total Stockholders Equity $17,700
Total Liabilities and Stockholders Equity $52,100
Preparing Closing Entries:-
Solutions Company
General Journal
December 31
Date Accounts Title and Explanation Debit Credit
December 31 Rental Fees $38,900
Income Summary $38,900
(To close Revenue Account)
December 31 Income Summary $35,900
Salaries Expense $24,900
Interest Expense $3,050
Supplies Expense $4,150
Depreciation Expense $3,800
(To close Expenses Accounts)
December 31 Income Summary $3,000
Retained Earnings $3,000
(To close Income Summary)
December 31 Retained Earnings $9,500
Dividends $9,500
(To close Dividends Account)
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Grand Travel just paid an annual dividend of $2.3 a share and is expected to increase that amount by 5 percent per year. If you are planning to buy 1,000 shares of this stock next year, how much should you expect to pay per share if the market rate of return for this type of security is 10 percent at the time of your purchase?
The price I would expect to purchase 1000 shares next year will be $48,300.
What price will I be willing to pay for the shares?The price of the share can be determined using the Gordon constant growth dividend model. According to this model, the price of a share is a function of the dividend, growth rate and the discount rate.
Price of the share = [dividend just paid x (1 + growth rate] / (discount rate - growth rate)[2.3 x (1 + 0.05)] / (0.1 - 0.05) 2.415 / 0.05 = $48.30 Price of 1000 shares = $48,30 x 1000 = $48,300
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What is the principle portion of the 200th payment of a fully amortizing $250,000, 30-yeqr fixed loan with an interest rate of 4.825 percent?
What is the total monthly interest and principle payments through month 100?
The exact amortisation plan would determine the principal component of the 200th payment of a fully amortising $250,000, 30-year fixed loan with an interest rate of 4.825 percent.
What does a 5-year term with a 25-year amortisation mean?A loan can have a five-year term, but the payments might follow a 25-year amortisation schedule. This has the advantage of lowering the monthly payment for the borrower to reduce cash expenditure, but it also results in a "balloon payment" at the end of the period.
How is the principle payment on an amortised loan determined each period?Take the total loan amount and multiply it by the interest rate starting in month one loan. Then, divide the result by 12 to obtain the monthly interest for a loan with monthly installments. The amount that is applied to the principal is determined by deducting the interest from the total monthly payment.
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why are some counties rich and others poor?
The reasons why some counties are rich and others are poor are complex and multifaceted. However, some factors that may contribute to a county's level of wealth include natural resources, access to education and infrastructure, political stability, economic policies, and historical legacies. Additionally, global economic trends and international trade can also have a significant impact on a county's economic situation.
2: Which one of the following is a withdrawal from the
circular flow of income?
A)The building of two new public hospitals in Manchester
and St Ann.
B)Tax holiday exemptions given to foreign investors
C)The purchase by local firms of foreign produced raw
materials
D)The consumption of locally produced fruit juices
Option (b), A break from the circular flow of income occurs when overseas investors receive tax vacation exemptions.
What does the circular flow of revenue in a two sector economy mean?There are only two types of economic sectors: commercial and residential. Only households can give factor services to businesses, and only households can do so. All of the funds that the house receives from the business in exchange for providing factor services are used for consumption.
Are withdrawals of money from a regular source of income?Decreases in the cyclical flow of revenue and a compounded contraction of production are instances of withdrawals. Examples include increases in savings, taxes, or imports (output).
Does investment disrupt the cyclic flow in any way?The flow of revenue is increased as more money enters the economy. Exports, investments, and government spending are examples of how this presents itself. When income is taken out of the economy's continuous flow, the economy loses money. This may be due to imports, taxes, and savings.
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can i consider u as a market for yellow paper even if you are not willing to spend your 1 peso at this moment becuase you still have a yellow paper to use.if yoir answer is yes or no justify your answer
The willingness and capacity to buy yellow paper determine whether a person can be regarded as a market for it.
Under what condition one might not need yellow paper?One might not need yellow paper if they do not have a use for it. For example, if someone primarily works on a computer and does not need to take physical notes or make physical copies of documents, they may not have a need for yellow paper. Similarly, if someone works in an industry or job that does not require the use of paper documents, they may not need yellow paper.
Additionally, if someone is actively trying to reduce their environmental impact or carbon footprint, they may choose to minimize their use of paper products, including yellow paper. Ultimately, the need for yellow paper or any other product will depend on individual circumstances and preferences.
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The directs behavior toward instant gratification and away from contemplating consequences.
O projective personality tests
O psychoanalysis
O ego
O reciprocal determinism
O traits
O pleasure principle
O self-efficacy
superego
O ego defense mechanisms
O id
Answer:
Explanation:
The pleasure principle refers to the tendency of the id, the primitive part of the psyche, to seek immediate gratification of its basic needs and desires, regardless of the potential consequences. Therefore, the correct answer is "pleasure principle."
The other terms listed in the options are:
Projective personality tests: These are a type of psychological test that assesses an individual's personality traits and behaviors by analyzing their responses to ambiguous stimuli.
Psychoanalysis: This is a therapeutic approach that focuses on exploring an individual's unconscious thoughts and emotions to gain insight into their mental health and behavior.
Ego: This is the part of the psyche that mediates between the id's impulses and the demands of reality.
Reciprocal determinism: This is a concept in social psychology that describes the interaction between an individual's behavior, their personal factors, and their environment.
Traits: These are enduring characteristics that describe an individual's behavior and personality.
Self-efficacy: This refers to an individual's belief in their ability to succeed in a particular task or situation.
Superego: This is the part of the psyche that represents the internalized moral standards and values of society.
Ego defense mechanisms: These are unconscious psychological processes that individuals use to cope with anxiety and protect their ego from emotional distress.
President Trump back story
Donald John Trump was born on June 14, 1946, in Queens, New York City. He is an American businessman, television personality, author, and politician who served as the 45th President of the United States from 2017 to 2021. Throughout his life and career, Trump has been known for his larger-than-life personality and his penchant for controversy.
Trump attended Fordham University for two years before transferring to the Wharton School of the University of Pennsylvania, where he earned a degree in economics. He took over his family's real estate business and quickly established himself as a shrewd businessman, expanding the company into a global empire with properties and investments around the world. Trump's business ventures have included everything from luxury hotels and golf courses to beauty pageants and reality television shows.
Trump became a prominent figure in American media in the late 1970s and 1980s as the owner and developer of many high-profile properties in New York City. His name became synonymous with success and wealth, and he became a fixture in the tabloids and gossip columns. In 2004, Trump began hosting and producing the reality television show, "The Apprentice," which became a cultural phenomenon and ran for 11 seasons over the course of 11 years.
In June 2015, Trump announced his candidacy for president of the United States, becoming the first major-party presidential candidate without prior political or military experience since Dwight D. Eisenhower. He campaigned on a platform of "Make America Great Again," promising to put America first and to restore the country's standing in the world. His campaign was marked by controversy, including inflammatory remarks about immigrants and minorities, but he ultimately won the election in November 2016.
After a controversial campaign and election, Trump was sworn in as president on January 20, 2017. Throughout his presidency, he faced numerous controversies and challenges, including a contentious relationship with the media and frequent clashes with members of Congress and other politicians. He was impeached twice by the House of Representatives, first in December 2019 and again in January 2021, becoming the only president in U.S. history to be impeached twice. His presidency ended on January 20, 2021, when Joe Biden was inaugurated as the 46th President of the United States.
Consider the following statements about the functions of the federal reserve and select all that are true (select all that apply)
A. control and regulate the American financial industry ,B. credit cash to banks in emergency ,D. deal with the country's money supply and E . lend money to businesses that want to raise money.
What is a bank of the Federal Reserve?The United States of America's central bank or central banking system was established in 1913 to implement a Federal reserve act in response to previous financial panics that occurred prior to 1913.
Maintaining the United States' banking system is one of the Federal Reserve bank's primary responsibilities.
The selected options in the responses fall under the purview of the question and are a component of the Federal Reserve bank's operations. It manages the country's currency supply, lends money to businesses or the US government as project capital, regulates the banking systems of America, and lends money to banks in trouble to help them meet their obligations on time.
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Complete Question:
What are the responsibilities of the Federal Reserve? Check all that apply.
A. regulate and supervise the American banking industry
B. loan money to banks in a crisis
C. provide banking and loan services to individual Americans
D. manage the nation’s currency supply
E. loan money to corporations that want to raise capital .
Training for Employee Sensitivity: a Priority at Wilson Street Grill: Read the following scenario, then complete the related exercise.
The Wilson Street Grill in Madison, Wisconsin, is one of many restaurants that have successfully hired employees with mental disabilities. The federal Americans with Disabilities Act (ADA) prohibits employers from discriminating against disabled job applicants and employees in businesses with 15 or more employees. Many hotels and restaurants have found that employees with disabilities are often excellent employees who work hard and care about their work. The rate of turnover for workers with mental disabilities is often lower than the turnover among high school and college students employed at these same restaurants.
The Wilson Street Grill is no exception; more than one-third of its employees have a disability. All new employees receive orientation and training, which includes information on working effectively with those who have disabilities. It is important that employees understand the issues of discrimination and how the ADA law impacts the employees at the Wilson Street Grill. New employees are supervised and mentored on a regular basis so that they can work effectively with the current staff.
As manager of the Wilson Street Grill, you recently hired Jonathan, who completed his orientation a month ago. He regularly works with Sue, a mentally disabled employee with Down syndrome who has been an excellent employee for two years. Jonathan appears to be patient with the other employees who have disabilities, but seems easily frustrated with Sue. Jonathan has refrained from speaking rudely to her in public, but his general behavior communicates a very negative attitude. You recently observed a negative communication exchange between Jonathan and Sue. Jonathan often responds to Sue’s questions by ignoring her or giving her terse answers. He has rudely interrupted her conversations with fellow employees on numerous occasions. Often when she starts a routine task, he takes over and does it for her. He refuses her efforts to help him learn certain tasks. Sue has not complained to you, but she has talked to other employees about the problems with Jonathan. As the manager of Wilson Street Grill, you need to warn Jonathan about his unacceptable behavior and provide constructive criticism.
Exercise:
Write a memo to Jonathan that will be placed in his personnel file. The memo should adequately warn Jonathan about the consequences of his behavior and should contain relevant facts to explain the law. Visit your campus library to complete additional research on the Americans with Disabilities Act so that you understand how this law impacts management.
I really need help please help me out here!!!!!!!
Those with disabilities could no longer be refused access to jobs, education, or transportation. Examples of privately owned establishments that fall under the legislation include restaurants and movie theaters. The law significantly impacted the lives of millions of Americans.
What purpose does a persona file serve for an employee?Managers benefit from it since it provides them with crucial worker data. must keep up-to-date records of all employee absences, lockouts, transfers, and other incidents. It helps the managers create various training and development programs based on the present environment, which is beneficial to them.
In order to resolve various employment-related concerns, the employer must collect, maintain, and use all information pertaining to specific employees in personnel records.
Why is it vital to have the American with Disabilities Act? What results does it have?The Act aims to guarantee that everyone has the same opportunities and rights, including those who have impairments. People with disabilities are entitled to the same civil rights protections under the ADA as those who are subjected to discrimination on the basis of their race, color, sex, national origin, age, or religion.
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Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and
the gross method.
August 1 Purchased merchandise from Aron Company for $8,000 under credit terms of 1/10, n/30, FOB destination, invoice dated
August 1.
August 5 Sold merchandise to Baird Corporation for $5,600 under credit terms of 2/10, n/60, FOB destination, invoice dated August
5. The merchandise had cost $4,000.
August 8 Purchased merchandise from Waters Corporation for $7,000 under credit terms of 1/10, n/45, FOB shipping point, invoice
dated August 8.
August 9 Paid $190 cash for shipping charges related to the August 5 sale to Baird Corporation.
August 10 Baird returned merchandise from the August 5 sale that had cost Lowe's $500 and was sold for $1,000. The merchandise was
restored to inventory.
August 12 After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe's received a price
reduction from Waters of $700 off the $7,000 of goods purchased. Lowe's debited accounts payable for $700.
August 14
At Aron's request, Lowe's paid $160 cash for freight charges on the August 1 purchase, reducing the amount owed (accounts
payable) to Aron.
August 15 Received balance due from Baird Corporation for the August 5 sale less the return on August 10.
August 18 Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12.
August 19
Sold merchandise to Tux Company for $4,800 under credit terms of n/10, FOB shipping point, invoice dated August 19. The
merchandise had cost $2,400.
August 22
Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe's gave a
price reduction (allowance) of $800 to Tux and credited Tux's accounts receivable for that amount.
August 29 Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22.
August 30 Paid Aron Company the amount due from the August 1 purchase.
Based on the given merchandising transactions, a journal entry has been prepared below:
Journal EntriesNo Date General Journal Debit Credit
1 Aug 01 Merchandise inventory $6,000
Accounts payable-Aron $6,000
2 Aug 05 Accounts receivable-Baird $4,200
Sales $4,200
3 Aug 05 Cost of goods sold $3,000
Merchandise inventory $3,000
4 Aug 08 Merchandise inventory $5,000
Accounts payable-Waters $5,000
5 Aug 09 Delivery expense $200
Cash $200
6 Aug 10 Sales return and allowances $1,000
Accounts receivable-Baird $1,000
7 Aug 10 Merchandise inventory $500
Cost of goods sold $500
8 Aug 12 Accounts payable-Waters $500
Merchandise inventory $500
9 Aug 14 Accounts payable-Aron $190
Cash $190
10 Aug 15 Cash ($3,200 - $3,136) $3,136
Sales discounts ($3,200 x 2%) $64
Accounts receivable-Baird ($4,200 - $1,000) $3,200
11 Aug 18 Accounts payable-Waters ($5,000 - $500) $4,500
Merchandise inventory ($4,500 x 1%) $45
Cash ($4,500 - $4,455) $4,455
12 Aug 19 Accounts receivable-Tux $3,600
Sales $3,600
13 Aug 19 Cost of goods sold $1,800
Merchandise inventory $1,800
14 Aug 22 Sales return and allowances $600
Accounts receivable-Tux $600
15 Aug 29 Cash ($3,600 - $600) $3,000
Accounts receivable-Tux $3,000
16 Aug 30 Accounts payable-Aron ($6,000 - $190) $5,810
Cash $5,810
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educational management is an art or science?
In my opinion it is science.
Answer:
science
Explanation:
dealing with psychology and pedagogy. Knowing the parameters of neurological development of learners, avails tools for curriculum development and classroom management.
M
QUESTION 1
What is the essence of Six Sigma? *
A: To reduce deviation from a norm
OB: To reduce waste
OC: To improve the speed with which projects are done
The essence of Six Sigma is to reduce deviation from a norm by minimizing variability in processes and outputs. Six Sigma is a data-driven methodology that focuses on improving quality and reducing defects in products or services.
What does it aims to achieve ?It aims to achieve this by identifying and eliminating the root causes of problems, as well as reducing waste and streamlining processes. The Six Sigma methodology consists of a set of tools and techniques that are used to analyze data and identify areas for improvement. It involves defining a problem, measuring the current process performance, analyzing the data to determine the root causes of any issues, improving the process by addressing those causes, and finally, controlling the process to ensure the improvements are sustained over time.
While reducing waste and improving project speed may be important goals within Six Sigma, they are not the essence of the methodology. The primary focus of Six Sigma is to achieve consistent and predictable results by reducing variability and improving quality, which can result in increased customer satisfaction, reduced costs, and improved efficiency.
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explain how does a transformation process take place in a bank
The transformation process in a bank involves converting inputs into outputs. The inputs could be customer deposits, loan applications, and requests for other banking services. The transformation process would then involve various activities such as processing transactions, analyzing loan applications, and generating reports for internal and external stakeholders.
If you are to invest into the stock market right now, what are your major considerations?
Answer:
Market conditions
Company performance
Diversification
Time horizon
Investment goals
Explanation:
Market conditions: The overall market conditions can affect your investment decisions. You may want to evaluate the current economic climate, interest rates, inflation, and other factors that may impact the stock market.
Company performance: You may want to research and analyze the performance of individual companies you are interested in investing in, such as their financial statements, revenue growth, earnings, management team, and market position.
Diversification: Investing in a variety of stocks across different industries and sectors can help spread your risk and minimize the impact of any losses from individual stocks.
Time horizon: Consider your investment time horizon, which is the amount of time you plan to hold your stocks before selling them. Short-term investments are generally riskier than long-term investments, which may provide higher returns over time.
Investment goals: Your investment goals and risk tolerance should also be considered when making investment decisions. Determine if you are investing for capital appreciation, regular income, or a combination of both.
It is important to note that investing in the stock market involves risks, and you should carefully consider your own financial situation and consult with a financial advisor before making any investment decisions.
Some people describe a cover as being the exact same thing as an elevator conversation explain what is meant by an elevator conversation and how it is the same as cover letter
Answer: The elevator conversation is something that grabs attention. This is similar to the cover letter.
Explanation:
Assignment specifies that cover letter needs to be prepared in such a way that it has be to captivate the hirer. Hence the contents used in the cover letter must be attractive and should fascinate the employer.
The similar task is performed by elevator conversation where the speaker here grabs the attention of the listener. It involves introducing of oneself and connecting with someone. Elevator pitch is the term used henceforth to raise the elevator in the conversation.
The other similarities in between the cover letter and elevator conversation is the degree of formality, where the speaker or the writer be polite, kind, reliable and must sand out reputation.
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Use the following transaction data for two claims to answer the questions below.
Case
Reserve
Policy (as of
Effective Date of Report Transaction | Incremental | transaction
Claim Date Loss Date Date Payment date
1 | 04/01/16 08/01/16 09/15/16 | 09/15/16 | $0| _ $40,000
01/01/17 $4,000 $36,000
06/01/17 $28,000 $12,000
12/15/17 $15000| $0]
2 | 10/01/16 02/01/17 02/01/17 | 02/01/17 $20,000 $55,000
10/01/17 $36,000 $14,000
02/15/18 $12,000] $0|
1. What are the total Policy Year 2016 Reported Claims as of 12/31/2016?
2. What are the total Accident Year 2017 Reported Claims as of 12/31/2017?
3. What are the total Calendar Year 2017 Paid Claims as of 12/31/2017?
4. What are the total Reported Year 2016 Paid Claims as of 12/31/2017?
1.Claim 1 accounts for $40,000 of the total Policy Year 2016 Reported Claims as of December 31, 2016. 2. As of December 31, 2017, the total accident year 2017 reported claims were $120,000 ($49,000 for claim 1 and $71,000 for claim 2).
What is a reserve policy?A reserve policy is a set of rules and procedures that an organisation employs to figure out how much money it needs to set aside in case it faces future costs or losses. Typically, these reserves are established to pay for a variety of liabilities that the company may experience in the future, such as court judgements, warranty claims, bad debts, or insurance claims. The reserve policy is crucial because it makes sure the company has enough cash on hand to pay its bills in the future and stay out of debt. The reserve policy is frequently based on a variety of variables, such as past loss experience, the state of the economy, legal requirements, and industry best practises. 3. The total paid claims for the calendar year 2017 as of December 31, 2017, were $76,000 ($40,000 for claim 1 and $36,000 for claim 2). 4.Claim 1's total reported year 2016 paid claims totaled $4,000 as of December 31, 2017.
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Should government play an active role in business
enterprises? Discuss with examples
The role of government in business is to provide a framework of laws and regulations that ensure fair and ethical practices, protect consumers and workers, and promote economic growth. The government also provides support for businesses through tax incentives, loans, grants, and other forms of assistance. Additionally, the government can influence the economy through fiscal and monetary policy.
In my view, the role of government is to protect private property in all of its manifestations. Businessmen must be free to pursue their happiness (by drilling oil wells and constructing pipelines, for example). Government must furnish law courts where property disputes can be adjudicated and rights defended. Government has no business regulating or restricting business activity, or promoting economic growth through enacting protective tariff laws and subsidizing private firms in the name of promoting the “general welfare.”
The only way govrenment can promote the general welfare is by providing for the defense of the country and protecting everyone’s natural, individual rights.
Which of the following would make a presentation slide more effective for a formal presentation?
The option that would make a presentation slide more effective for a formal presentation is C. Proofread carefully for errors that damage credibility
How to make a presentation slide more effective ?It is important to ensure that any presentation slides used in a formal setting are free of errors and mistakes that can undermine the credibility of the presenter. This includes checking for spelling and grammatical errors, as well as ensuring that all information presented is accurate and up-to-date.
A slide that contains errors or inaccuracies can detract from the overall impact and effectiveness of the presentation, and may lead to a loss of credibility with the audience.
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Options for this question are:
Use a brightly colored background to highlight the graphic Limit side content to key ideas presented in as few words as possible (or better yet, visually). Proofread carefully for errors that damage credibilityIs project management a skill all general managers must have
Answer:
probably yes because all establishments will require its employees to work together on something and the manager will almost always be the one to oversee this work happen
Explanation:
Assume that TDW Corporation (calendar year-end) has 2022 taxable income of $662,000 for purposes of computing the §179 expense. The company acquired the following assets during 2022: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Asset Placed in Service Basis Machinery September 12 $ 2,271,500 Computer equipment February 10 264,950 Furniture April 2 882,550 Total $ 3,419,000 a. What is the maximum amount of §179 expense TDW may deduct for 2022?
The total cost of the assets purchased in 2022 is $3,419,000; the reduction in the 179 expense limit is $2,369,000; and the highest 179 expense that TDW may write off in 2022 is $680,000.
What is a carryover of a disallowed deduction under Section 179?The amount of section 179 property, if any, that you chose to expense in prior years but was not permitted as a deduction due to the business income limitation constitutes the carryover of disallowed deduction from 2021. Enter the amount from line 13 of your 2021 Form 4562 if you filed one.
Determine the total cost of the assets acquired during 2022:
$2,271,500 (Machinery) + $264,950 (Computer equipment) + $882,550 (Furniture) = $3,419,000
Check if the total cost of the assets acquired during 2022 exceeds the §179 expense limit of $1,050,000 for 2022.
$3,419,000 > $1,050,000
Since the total cost of the assets exceeds the §179 expense limit, we need to calculate the §179 expense limit reduction.
Calculate the §179 expense limit reduction:
$3,419,000 - $1,050,000 = $2,369,000
$2,369,000 ÷ $1,000 = 2,369 (rounded to the nearest whole number)
$1,050,000 - ($2,369 x $1,000) = $681,000
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.) You are given the following hypothetical information about the Commodity and Money markets of a closed economy without government intervention.
The commodity market
Consumption function: C = 100 + 0.3Y
Investment function: I = 2,000 – 2.1r
The Money Market
Lt = 0.2Y (transaction demand for money function)
Ls = 10 – 2r (speculative demand for money function)
MS = 1,500 (money supply function)
a.) Derive the IS curve. ( 1 marks)
b.) Derive the LM curve ( 1marks)
c.) Derive the equilibrium level of income and rate of interest. ( 4 marks)
d.) If the money supply is increased by 75, what would be the effect on the equilibrium level of income and rate of interest?
The IS curve is a graphical representation of the equilibrium condition in the goods market of an economy showing the combinations of output and interest rate at which planned investment equals planned saving.
What is a commodity and money market?A commodity market is a market where goods and services are bought and sold, while the money market is a market where financial instruments with short maturities and high liquidity are traded.
a) Using the consumption and investment functions given, IS curve is derived by equating total output (Y) to total planned expenditures (C + I):
[tex]C = 100 + 0.3Y[/tex]
[tex]I = 2,000 - 2.1r[/tex]
Planned expenditures are:
[tex]C + I = (100 + 0.3Y) + (2,000 - 2.1r)[/tex]
Setting this equal to output Y, we get:
[tex]Y = C + I[/tex]
[tex]Y = (100 + 0.3Y) + (2,000 - 2.1r)[/tex]
[tex]0.7Y = 2,100 - 2.1r[/tex]
[tex]Y = (2,100 - 2.1r)/0.7[/tex] = the IS curve.
b) The LM curve is derived by equating the transaction demand and speculative demand for money. Using the given functions:
[tex]Lt = 0.2Y[/tex]
[tex]Ls = 10 - 2r[/tex]
[tex]MS = 1,500[/tex]
We further equate the demand and supply of money:
[tex]Lt + Ls = MS[/tex]
[tex]0.2Y + 10 - 2r = 1,500[/tex]
[tex]0.2Y = 2r - 1,490[/tex]
[tex]Y = 10r - 7,450[/tex] = the LM curve.
c) To find the equilibrium level of income and rate of interest, we need to solve for the values of Y and r that satisfy both the IS and LM curves. Setting the equations for Y from the IS and LM curves equal to each other:
[tex](2,100 - 2.1r)/0.7 = 10r - 7,450[/tex]
Further simplifying and solving for r, we get:
[tex]r = 5.92[/tex]
Substituting r into the equation for Y from the IS curve, we get:
[tex]Y = 1,371.43[/tex]
Therefore, the equilibrium level of income is $1,371.43 and the equilibrium rate of interest is 5.92%.
d) If the money supply is increased by 75, the LM curve would shift to the right. We arrive at this conclusion because a higher money supply would increase the supply of money and lead to a decrease in the interest rate. The new equilibrium level of income and rate of interest would depend on the new intersection of the IS and LM curves.
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QUESTION 3
When you find the critical path, you should.... *
A: Put your most experienced project members there
B: Put your least experienced project members there
C: Put random project members there
←
When finding the critical path of a project, it is important to identify the tasks that are essential for completing the project on time.
Whom should the work be assigned ?Once these tasks are identified, the project manager should assign the most skilled and experienced team members to these tasks to ensure their successful completion. The critical path is the most important part of the project, and any delays or issues in this area can have serious consequences for the project as a whole.
By assigning the most experienced team members to the critical path tasks, the project manager can minimize the risk of delays or issues and ensure that the project stays on track.
It is not advisable to assign the least experienced team members or random members to the critical path, as this could increase the risk of errors and issues.
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What is investing? ?
Answer:
Investing in stocks means buying shares of ownership in a public company.
Great talkers are never great doers essay
Great talkers are never great doers means people who make loud and loud promises rarely keep their promises.
Meaning -There are many such talkative people who use lofty terms to show off their worth and blow their trumpets just to hide their inner weaknesses and vices. They are like empty ships that often ring. However, their vanity and selfishness often put them in a very low position when in times of crisis they display white feathers that are at odds with their lofty rhetoric.
On the hand, someone who speaks little, believes in deeds, and knows his or her limits proves to be sincere enough to keep his promises.
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Rene wants to get into business by owning a restaurant, and she’d prefer to acquire a franchise from a well-known burger chain to make it happen. Which aspect of her plan could prove to be most problematic? A. finding a location where young people congregate B. dealing with dissatisfied customers from other franchise outlets C. paying the assorted licensing and marketing fees D. determining the kinds of menu items to offer
The aspect of Rene's plan relating to acquiring a franchise that could prove to be most problematic is likely: C. paying the assorted licensing and marketing fees.
What is a Franchise?A franchise is a business model in which a company grants a third-party operator the right to use its name, products, and processes in exchange for an initial fee and ongoing royalties.
Acquiring a franchise from a well-known burger chain involves significant financial investment in terms of franchise fees, ongoing royalties, and marketing expenses. These expenses can be considerable and may make it difficult for Rene to turn a profit, particularly in the early stages of the business.
Additionally, franchisors often have strict rules and regulations regarding menu items, branding, and customer experience, which may limit Rene's creativity and flexibility in running the restaurant. While the other options mentioned could also pose challenges, they are likely to be more manageable than the financial and contractual obligations of franchise ownership.
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The future gain or loss of income from a capital investment is referred to by what term
The future gain or loss of income from a capital investment is referred to as the "return on investment" (ROI). It is a measure of the profitability of an investment and is typically expressed as a percentage of the initial investment. ROI takes into account both the amount of money gained or lost and the time frame over which the investment was held. A positive ROI indicates that the investment generated more money than was initially invested, while a negative ROI indicates that the investment lost money. ROI is an important metric used in finance and investment analysis to evaluate the success of an investment and to compare different investment opportunities.
A small manufacturing firm produces one product. The budgeted sales for the month of January 2021
are for 10,000 units as a selling price of Sh. 2,000 per unit. Other details are as follows;
1. Two components of input are used in the production of one unit of output.
Component (Input) Number Unit cost of each component
X 5 20
W 3 10
2. Stocks at the beginning of the month are budgeted as follows;
4000 units of finished goods at a unit cost of sh. 1,050 per unit.
Component X: 16,000 units at a cost of Sh. 20.
Component W: 9,600 units at a cost of Sh. 10.
3. Production of each unit requires the following labour hours.
Department Hours per Unit Labour rate per hour
Production 4 100
Finishing 4 140
4. Factory overhead is absorbed into units cost on the basis of direct labour hours. The budgeted
factory overhead for the month is Sh. 1,920,000.
5.The administration, selling and distribution overhead for the month is budgeted at Sh.5,500,000.
6.The company plans a reduction of 50% in quantity of finished stock at the end of the month and
an increase of 30% in the quantity of each input component.
Required:
a)For the month of January 2021
i. Production quantity budget (3 marks)
ii. Materials quantity and purchase budget (4 marks)
iii. Direct Labor budget (3 marks)
b)The budgeted profit and loss account (5 marks)
Answer:a) Budgeted Production Quantity:Budgeted Sales = 10,000 unitsAdd: Desired Closing Stock = (10,000/2) = 5,000 unitsTotal Units Required = 15,000 unitsLess: Opening Stock = 4,000 unitsUnits to be produced = 11,000 unitsi. Production Quantity Budget = 11,000 unitsii. Materials Quantity and Purchase Budget:Component X:Units Required = (11,000 x 5) = 55,000 unitsAdd: Desired Closing Stock = (16,000 x 1.3) = 20,800 unitsTotal Units Required = 75,800 unitsLess: Opening Stock = 16,000 unitsUnits to be purchased = 59,800 unitsTotal Cost = (59,800 x 20) = Sh. 1,196,000Component W:Units Required = (11,000 x 3) = 33,000 unitsAdd: Desired Closing Stock = (9,600 x 1.3) = 12,480 unitsTotal Units Required = 45,480 unitsLess: Opening Stock = 9,600 unitsUnits to be purchased = 35,880 unitsTotal Cost = (35,880 x 10) = Sh. 358,800iii. Direct Labor Budget:Department Production Finishing Total
Hours 44,000 44,000 88,000
Rate 100 140
Total Cost = (44,000 x 100) + (44,000 x 140) = Sh. 15,840,000b) Budgeted Profit and Loss Account:Sales Revenue = (10,000 x 2,000) = Sh. 20,000,000Less: Cost of Goods Sold:Direct Materials = (1,196,000 + 358,800) = Sh. 1,554,800Direct Labor = Sh. 15,840,000Factory Overhead = Sh. 1,920,000Total Cost of Goods Sold = Sh. 19,314,800Gross Profit = (Sales Revenue - Cost of Goods Sold) = Sh. 685,200Less: Selling and Distribution Overhead = Sh. 5,500,000Net Loss = (Selling and Distribution Overhead - Gross Profit) = Sh. 4,814,800
Explanation:
Austin Airlines paid an annual dividend of $1.18 a share last month. The company is planning on paying $2, $3, and $3.5 a share over the next 3 years, respectively. After that, dividends will be growing at 3% per year indefinitely. What is the market price of this stock if the market rate of return is 10 percent?
The market price of the stock is $45.62.
What is the market price of the stock?The market price of the stock is a function of the dividends paid, the growth rate and the market rate of return.
The dividend has two stages of growth. The fast growth rate and the constant growth rate.
The dividend in the constant growth rate = (3.5 x 1.03) / (0.1 - 0.03) = $51.50
The second step is to determine the present value of the dividends:
2 / 1.1 + 3 /1.1² + 3.5 / 1.1³ + 51.50/1.1³ = $45.62
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What is financing?.
SAPPY HAD A LITTLE LAM, No he didn’t. True or false?