Physicians Clinic renounces the agreement after three boxes have been delivered and accepted. As long as there are three boxes that have been accepted, Quality Medical can enforce the contract.
Which of the following lists the necessary components of an enforceable contract?An agreement that specifies the legal rights and obligations of two or more parties is known as a contract. A valid contract must include all five requirements: offer, acceptance, awareness, consideration, and capability.
Which of the following does not apply to a legally binding contract?Earnest money is the solution. Offer and acceptance, consideration, legally capable parties, mutual consent, and a legal purpose are necessary components of a valid contract. A contract does not need earnest money to be enforceable.
What happens if a contract's conditions are not followed?A breach of contract occurs when the conditions of a contract are not followed, and the damaged party may then bring legal action.
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a 40-year-old man in the u.s. has a 0.247% risk of dying during the next year. an insurance company charges $280 per year for a life-insurance policy that pays a $100,000 death benefit. what is the expected value for the person buying the insurance? round your answer to the nearest cent. be careful with negative signs.
The expected value is the sum of the gain or loss if an event occurs and the probability of that event. People who are afraid of risk will pay to avoid it. The foundation of insurance is this.
How is expected value calculated?Simply multiply each value of the discrete random variable X by its probability and add the products to get the expected value, E(X), or mean. The formula is as follows: E (X) = = x P (x)
(0.00242)(99725)+(0.99758)(-275) = -$33 is the expected value.
What is expected value to the customer?A customer's expectation of the quality of a company's products or services is measured by customer expectations.
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you have saved $3,000 for a down payment on a new car. the largest monthly payment you can afford is $450. the loan will have a 12% apr based on end-of-month payments. what is the most expensive car you can afford if you finance it for 48 months? for 60 months? do not round intermediate calculations. round your answers to the nearest cent.
The most expensive car could afford, if the finance it for 48 months and 60 moths is of $20,088.28 and $23,229.77. Part of the principal balance and interest are paid with each payment that the borrower makes.
Loan = Payment × [tex]\frac{(1-(1+0.01)^-^4^8}{y}[/tex]
Down payment = 3000
Monthly Payment = 450
Adjust r for monthly compounding (r) = [tex]\frac{0.12}{12}[/tex]
The most expensive car could afford, if the finance it for 48 months
Loan = 450 × [tex]\frac{(1-(1+0.01)^-^4^8}{y}[/tex]
Loan = 17,088.28
Car price = Down payment + Loan
Car price = 3000 + 17,088.28
Car price = 20,088.28
The most expensive car could afford, if the finance it for 60 months
Loan = 450 × [tex]\frac{(1-(1+0.01)^-^6^0}{y}[/tex]
Loan = 20,229.77
Car price = Down payment + Loan
Car price = 3000 + 20,229.77
Car price = 23,229.77
One of the financial tools that investors employ is a loan. At an agreed-upon interest rate, the borrowed money is repaid in installments. Part of the principal balance and interest are paid with each payment that the borrower makes.Learn more about Interest, here
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lou sends a letter to his niece mary saying that he will give her $5,000 if she does not smoke before she is 25. mary complies, but lou refuses to pay her the money. lou says there was no consideration for his promise. if mary were to sue for breach of contract, how would the court rule? question 22 options: 1) there was no contract, because lou just promised to make a gift. 2) there was a contract, because the promise not to smoke was consideration. 3) there was no contract, because not smoking is not a detriment. 4) there was no contract because there was not a sufficient writing.
The court rule would be that there was a contract, because the promise not to smoke was consideration.
Any violation of the specified terms and conditions of a legally binding contract is regarded as a breach of that contract. Any number of infractions, from late payments to more serious transgressions like the failure to deliver a promised asset, can constitute a breach.
A contract is legally binding and will stand up in court. The victim would typically receive what they were promised if it could be demonstrated that a contract was broken. Punitive damages are infrequently granted for failure to fulfill contractual obligations, and contract breaches are not regarded as crimes or even torts.
When one party disobeys the terms of a contract between two or more parties, that party commits a breach of contract. This includes instances where a contractual obligation is breached entirely, such as when a tenant vacates their apartment without paying six months' worth of back rent, or when it is not fulfilled at all.
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which of the following are true of mortgages?a.a mortgage is a long-term loan secured by real estate.b.over 90 percent of mortgage loans finance residential home purchases.c.a borrower pays off the principal of mortgage on maturity.d.all of the above are true of mortgages.
A mortgage is a long-term loan secured by real estate, Over 90 percent of mortgage loans finance residential home purchases, and a borrower pays off the principal of the mortgage on maturity. So, the correct option is (d).
What's a mortgage?A mortgage is an agreement between you and a lender that gives the lender the right to take your property if you fail to repay the plutocrat you've espoused plus interest. Mortgage loans are used to buy a home or to adopt plutocrats against the value of a home you formerly enjoyed.
The effects to look for in a mortgage
The size of the loan The interest rate and any associated points The ending costs of the loan, including the lender's, freights The Annual Chance Rate( APR) The type of interest rate and whether it can changeThe loan term, or how long you have to repay the loanTo know more about mortgages, visit:
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what is the future value of $3,100 in 18 years at an apr of 8.4 percent compounded semiannually? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The future value of $3100 in 18 years at an interest rate of 8.4% compounded semiannually is $13633.24.
Here, if I take 1.04236, it equals 4.40.
If 1.04236 = 4.39782 is taken, then A = $3100 multiplied by 4.39782 equals $1633.24.
The sum that the lender demands from the borrower in addition to the principal amount is known as the interest rate.
An interest rate informs you of how much borrowing will cost you and how much saving will pay off. Compounding is the process of repeatedly adding earnings to the principal invested in order to cause a sum of money to grow exponentially over time. When interest is calculated, it Compound is done so on the initial principal as well as all of the accumulated interest from prior periods.
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what is the minimum amount of income stephanie should recognize for tax purposes this year if she recognizes $2,250 of income for financial accounting purposes?
If Stephanie recognizes $2,250 in income for financial accounting purposes, she should recognize a minimum of $2,250 in income for tax purposes this year.
Describe tax.Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Social Security and Medicare as well as public infrastructure and services like roads and schools.
Taxes are borne by whoever bears the cost of the tax in economics, whether this is the entity being taxed, such as a business, or the final users of the items produced by the business. Taxes should be taken into consideration from an accounting standpoint, including payroll taxes, federal and state income taxes, and sales taxes.
Calculation:
For her company, Stephanie has chosen to employ the accrual method of accounting. If Stephanie recognizes $2,250 in revenue for financial accounting purposes, what is the least amount of income she needs to recognize for tax purposes this year?
$9000 was the total income over three years.
$9,000 divided by 12 months Equals
=$3,000
$3,000*9/12 is the amount of income that should be recognized.
=$2,250
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which department of the us federal government provides the most all-inclusive source of information regarding export opportunities? multiple choice question. department of commerce department of homeland security the food and drug administration federal trade regulations office
The department of the US federal government provides the most all-inclusive source of information regarding export opportunities Department of Commerce.
Which U.S. federal government department offers the most comprehensive source of information about export opportunities?The U.S. Commercial Service (CS), a division of the U.S. Department of Commerce's International Commerce Administration, gives businesses a broad range of experience in international trade, whether they are just starting out exporting or looking to grow into new markets.
What federal organization assists American companies in exporting goods created in the country?The United States Department of Commerce's International Trade Administration's trade promotion division is called the United States Commercial Service (USCS).
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as a business owner who sells products to customers and a consumer who purchases products from other sellers, dinesh has a deep understanding about the perceived value received when purchasing a good or service. he decides to teach his son, who will eventually take over the business, about this concept. what does dinesh tell his son that he will be teaching him about?
As a business owner who sells products to customers and a consumer who purchases products from other sellers, dinesh tell that he will be teaching his son about perceived value. received when purchasing a good or service.
The perceived value comes down to the price the public is willing to pay for a good or service. Even a snap decision pf perceived value made in a store aisle involves an analysis of a product's ability to fulfill a need and provide satisfaction compared to other products under different brand names.
The perceived value is a customer's own perception of a product or service's merit or desirability to them, especially in comparison to a competitor's product. The perceived value is measured by the price the public is willing to pay for a good or service.
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a company is considering buying a component part that they currently make. items related to the equipment being used to make the component that are relevant to this decision include blank . multiple select question. annual depreciation charges original cost salvage value alternative uses for the equipment
Annual depreciation cost original cost of alternative uses for equipment salvage value Alternative uses for the equipment salvage value.
Depreciation cost is the process of reducing the total cost gradually from the initial value of the company's assets This depreciation is not carried out in one accounting period. Instead, it is done from time to time according to the useful life of your assets. When you depreciate an asset, you can plan how much money is written off each year, giving you more control over your finances.
The number of years in which you depreciate something is determined by its useful life (for example, a laptop is useful for about five years). For tax depreciation, different assets are sorted into different classes, and each class has its own useful life. If your business uses a different depreciation method for your financial statements, you can decide on the useful life of the asset based on how long you will use the asset in your business.
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caitlin's u.s. firm sold paint additives to japan and in return her company was paid by japan but is also required to purchase plastic products produced in japan with some of the proceeds from the sale of the paint additive. this example demonstrates blank . multiple choice question. bartering franchising counterpurchase licensing
The example given on Caitlin's U.S. firm selling paint additive to Japan and then purchasing some plastic products in Japan is a counterpurchase.
What is a counterpurchase ?In counter-purchasing agreements, the two parties involved in the contract will buy goods from each other. The transactions where they buy goods from each other will not be the same, and this is often done to provide incentive for one party.
In this case, Caitlin's U.S. firm sells paint additives to Japan and then has to buy some plastic items from Japan as well. This shows that this is a counterpurchase.
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the primary reason for an audit by an independent, external audit firm is to group of answer choices satisfy governmental regulatory requirements. guarantee that there are no misstatements in the financial statements and ensure that any fraud will be discovered. relieve management of responsibility for the financial statements. provide increased assurance to users as to the fairness of the financial statements.
The assurance that statements are created in line with accounting principles and concepts increases the assurance that users have regarding the fairness of the statements of financial status provided by the audit company.
How do you offer an acceptable level of assurance?A sufficient amount of adequate audit evidence must be obtained by the auditor in order to minimize audit risk to an acceptable low level in order to attain reasonable certainty. As a result of the possibility that a major misrepresentation will go unnoticed, there is some uncertainty associated with the use of sampling.By assuring users that statements are created in line with accounting principles and concepts, the audit firm can boost users' confidence in the accuracy of the statements of financial condition.The assurance that statements are created in line with accounting principles and concepts increases the assurance that users have regarding the fairness of the statements of financial status provided by the audit company.To learn more about Assurance refer to:
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what are the critical needs of a company utilizing a strategic project portfolio system? multiple select question. involving a team of people rather than just an individual to make decisions. establishing a common financial goal for all categories of projects (compliance, operation,and strategic.) utilizing only financial selection criteria. getting input from senior management.
The involving a team of people rather than just an individual to make decisions are the critical needs of a company utilizing a strategic project portfolio system.
A project portfolio strategic is a group of initiatives that are coordinated and optimized for an organization's tactical and financial objectives. Either the organizational or the functional level can manage a portfolio system. Combe and Githenz (1999) distinguish three broad categories of project portfolios: strategic or enterprise initiatives that add value. Operational: Initiatives that improve organizational efficiency and complete some essential functional tasks. Projects that must be completed in order to the preserve regulatory compliance.
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At the end of the year 2 accounting period, deyoung company determined that the market value of its inventory was $79,800. The historical cost of this inventory was $81,400. Defazio uses the perpetual inventory method. Assuming the amount is material, how will the entry necessary to reduce the inventory to the lower of cost or market affect the elements of the company’s financial statements?.
The entries required to reduce inventory to a decreased value or marketplace make a company's economic statements by reducing a company's overall assets, gross margin, and internet profit.
Marginal cost refers to the value to provide one additional unit of manufacturing. It is a crucial idea in price accounting as marginal value helps decide the maximum green stage of manufacturing for a production process. It is calculated by determining what costs are incurred if one extra unit is best and what prices are incurred if best one extra unit is manufactured. The relation between marginal cost and inventory is marginal price represents the incremental expenses incurred while generating extra devices of an excellent or service. It is calculated by taking the whole alternate in the price of manufacturing greater items and dividing that through the alternate in the variety of products produced.
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what is the purpose or purposes of form 8-k filings by sec registrants? what specific items of information must be included in an 8-k that announces a change in audit firms?
Form 8-K is a "current report" that companies must file with the SEC to announce significant events that shareholders should be aware of.
Other Events (The registrant may use this item to report events not expressly required by Form 8-K that the registrant believes are important to security holders.) An 8-K is a report of organizational changes that will occur. . Both the Securities and Exchange Commission and the organization's stockholders appreciate the information provided in the Form 8-K. The report shows events including bankruptcies, acquisitions and resignations of directors
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a company issues a $200,000, 5%, six-year note on january 1, 2024. if the monthly payment is $3,220.99, by how much will the carrying value decrease when the first month's payment is made on january 31, 2024?
Interest is the price of borrowing money, and it is often expressed as a percentage, such as an annual percentage rate (APR). For utilising their money, borrowers may charge interest to lenders.The answer is $2,387.66.
To calculate the carrying value, we must first calculate the interest, which is displayed below:
Interest is calculated as follows: $200,000 x 5% x (1 month + 12 months) =
$833.33 Issues amount x Months rate x (Total Number of Months in a Year)
And the recurring charge is $3,220.99
The carrying value would now drop by the following formula: Monthly payment – interest
($3,220.99 - $833.33 = $2,387.66).
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go to the st. louis federal reserve fred database, and find data on assets less liabilities, i.e. bank capital (ralacbm027sbog), and total assets of commercial banks(tlaacbm027sbog). starting in january 1973 until december 2021, using the fred graphing tool, calculate the bank leverage ratio and create a line graph of the leverage ratio over this sample (include the graph you created with your submission). given the path of bank leverage over time, what can you conclude about moral hazard in the banking system over the time period considered?
The moral hazard in the banking system over the period of time are the bank leverage will increase and liabilities will also increase.
What is the history of banking?The first prototype banks in the history of banking were the merchants of the world, who lent grain to farmers and traders who transported products between towns. In Assyria, India, and Sumeria, this occurred circa 2000 BCE. Later, during the time of the Roman Empire and in ancient Greece, lenders headquartered in temples provided loans while also taking deposits and handling currency exchange. Evidence of money lending can also be seen in the archaeology of ancient China and India. The wealthy cities of Florence, Venice, and Genoa are among those where many academics locate the historical origins of the contemporary banking system. The Bardi and Peruzzi Families controlled the banking industry in Florence in the fourteenth century, opening branches across much of Europe.
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when the values of a set of currencies are set against each other at some mutually agreed on exchange rate, a exchange rate exists.
When the values of a set of currencies are set against each other at some mutually agreed on exchange rate, an exchange rate exists fixed.
What is the exchange rate?Exchange rates are determined by the demand and supply of a particular currency. When demand for a currency is high, the currency's value increases, and when demand is low, the currency's value decreases. Exchange rates can be affected by a variety of factors, such as economic conditions, political stability, and even the weather. For example, a country's currency may strengthen if its economy is doing well but may weaken if the country is experiencing political turmoil.
A fixed exchange rate defines a condition in which the exchange rate of a currency is linked with another currency. The government of a nation maintains a fixed rate of exchange by intervention in foreign exchange.
It can be concluded that, when the values of a set of currencies are set against each other at some mutually agreed exchange rate, an exchange rate exists fixed.
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which of the following will most likely reduce the natural rate of unemployment? group of answer choices an increase in the minimum wage an increase in unemployment benefits an increase in the proportion of prime-age workers (35-54) as a share of the labor force an increase in the labor force participation rate of teenagers
Option 2. An increase in the minimum wage an increase in unemployment benefits would most likely reduce the natural rate of unemployment.
What is meant as the natural rate of unemployment?The lowest rate of unemployment that exists while inflation is steady or when it is not increasing is known as the natural rate of unemployment. Many economists still differ, however, over the precise degree of unemployment that should be regarded as the natural rate of unemployment.
When someone actively seeks job but is unable to do so, this is referred to as being unemployed. One important indicator of the state of the economy is unemployment.
The unemployment rate is the most often used indicator of unemployment. It is computed by dividing the total labor force by the number of jobless people.
Numerous governments provide unemployment insurance to certain unemployed people who meet the criteria. There fore the best solution to the question that we have is B.
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a time-series trend equation is 250 15x. what is your forecast for period 10? group of answer choices 350 265 378 420 400
Given that the trend line equation is 25.3 times 2.1x, and that X times 6 (since period 6) is given, Option 3's answer is 37.9 times 25.3.
A trend line indicates a relationship that is linear. y = mx + b is the equation for a linear relationship, where m is the slope of the line, y is the dependent variable, and x is the independent variable.
What is the meaning of a trend line equation?
The slope of a line is the change in y that results from an increase of one unit in x. As an illustration, the trend line would predict that someone who was one year older (x increases by one) would be approximately 5.76 cm taller (y increases by 5.76).
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abc industries contracts with municipal governments to build bridges, viaducts, and similar engineering projects. if a bridge completed in the prior year by abc industries were to collapse, the company would be exposed to which kind of legal liability exposure?
Bridges, viaducts, and other similar engineering projects are built by ABC Industries through contracts with municipal governments. An illustration of premises and operations would be when workers from ABC Industries damage a taxicab while pouring the foundation for a new overpass.
The general aggregate limit applies to all covered personal and advertising injuries under the standard commercial general liability (CGL) policy, with the exception of injuries or damage caused by the products-completed operations hazard.
Except for the following, Advertising Injury Coverage includes Slander, libel, copyright infringement, or the misappropriation of advertising concepts are all examples of wrongful entry in the advertising industry. Personal Injury includes wrongful entry.
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a successful sushi chain in hong kong spent $500,000 to conduct a study on whether to open a location in the united states. the study showed that the best place for the company to open their first location would be in chicago. when conducting its capital budgeting analysis, how should the company account for the cost of the study when estimating the amount of the initial investment that the new store will require? the company should include it in the amount of the initial investment. the company should ignore it.
The company should disregard the study's expense.
Capital budgeting analysis is a business finance technique used to analyze the viability of a project or endeavor. The methods of capital budgeting analysis incorporate the use of expected future incomes and expenses to determine the viability of a project.
The cost of the study should not be included because it has no bearing on future project inflows. The capital budgeting formula takes into account estimated future inflows and outflows but not past costs. The cost of the study is an overhead expense rather than a direct project expense.
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this year mary received a $200 refund of state income taxes that she deducted on her tax return last year. mary included a total of $4,000 of state income taxes when she itemized deductions last year. what amount of the refund, if any, should mary include in her gross income this year? a) $200 is included because mary itemized her deductions last year. b) $200 is included if itemized deductions exceeded the standard deduction by $200. c) $200 is included because itemized deductions exceeded the standard deduction. d) $200 is included even if mary claimed the standard deduction. e) none of the choices are correct - refunds of state income taxes are not included in gross income.
Option b; $200 is included if itemized deductions exceeded the standard deduction by $200.
A deduction is a cost that can be taken out of a taxpayer's gross income to lower the amount of income that is taxable.
For instance, if you earn $50,000 a year and donate $1,000 to charity, you are qualified to claim a deduction for that amount, bringing your taxable income down to $49,000. An allowed deduction is a term frequently used by the Internal Revenue Service (IRS) to describe a deduction.
American taxpayers can choose between itemising their deductions and taking the standard deduction. It is simpler and involves less paperwork and record-keeping to claim the standard deduction.
Most taxpayers now use Form 1040, which has been updated by the Internal Revenue Service (IRS), which has abolished the outdated 1040A.
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a company has net income of $930,000; its weighted-average common shares outstanding are 186,000. its dividend per share is $0.75 and its market price per share is $94. its price-earnings ratio equals:
The price to earning ratio will be 18.8 with $94 market price per share and $5 earnings per share.
Write a short note on price to earning ratio.The ratio for valuing a firm that compares its current share price to its earnings per share is called the price-to-earnings ratio (EPS). The price multiple or earnings multiple are other names for the price-to-earnings ratio.
Investors and analysts use P/E ratios to assess the comparative value of a company's shares in an apples-to-apples comparison. It can also be used to compare a company to its past performance or to compare broad markets over time or to one another. P/E estimates can either be forecast or trailing (backward-looking).
To solve the question :
Net income (A) = $930,000
Weighted-average common shares outstanding (B) = 186,000
Earnings per share (C) = Net income (A)/ Weighted-average common shares outstanding (B)
= (C = A/B)
= $930,000 / 186,000
Earnings per share = $5
Market price per share (D) = $94
Price earnings ratio = Market price per share (D) / Earnings per share (C)
= (E = D/C)
= $94 / $5
= 18.8
Hence, price earnings ratio is 18.8.
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when a company creates time and place utility by focusing on making products available when they are wanted, with adequate service and at minimum cost, it is engaged in
Time and place utility are created when a company focuses on making products available when they are demanded, with adequate service and at minimum cost, engaging in marketing.
Give a brief account on economic utility.The whole level of enjoyment a person receives from using a specific good or service is known as economic utility.
The four different categories of economic utility are form, time, place, and possession.
The value a consumer obtains from goods or services in a way they genuinely need is known as form utility.Time utility is the provision of goods or services to customers at the time of their demand or necessity.Place utility refers to placing goods or services in places where customers may conveniently obtain them.Possession utility is the use or perceived benefit a customer receives from possessing and promptly using a good or service.To know more about, economic utility, visit :
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as people age, their human capital can decline due to changes in the marketplace that demand different skills and abilities. one way to boost human capital is to
Both returning to school to pick up a new skill and enrolling in a continuing education program are appropriate.
What is human capital?The knowledge, skills, and health that people invest in and amass over the course of their lives give them the opportunity to realize their potential as contributing members of society.These resources are the collective potential of the populace, which is wealth that can be used entirely or in part to further the objectives of the state or the country. Three categories of human capital are further divided: knowledge capital, social capital, and emotional capital.Human capital development is essential for eradicating extreme poverty and fostering more inclusive societies. This is accomplished by investing in people through good nutrition, health care, quality education, employment, and skills.To learn more about human capital refer to:
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longboat, inc., sold a luxury passenger boat from its inventory on december 31 for $2,000,000. it is estimated that longboat will incur $100,000 in warranty expenses during its 5-year warranty period. longboat's tax rate is 30%. to account for the tax implications of the warranty obligation prior to incurring warranty expenses, longboat should:
To account for the tax implications of the warranty obligation prior to incurring warranty expenses, longboat should record a deferred tax asset of $30,000.
The warranty expenses should be documented when the inventory item it covers is sold. When warranty expenses are collected on financial statements but not deducted from income until warranty claims are settled, a deferred tax asset is produced. With a deferred tax asset of $30,000, the entire liability, $100,000, is recorded as an expense. Noting that taxable income exceeds pretax income resulting in a deferred tax asset, it should be noted that this situation will likely reverse (warranty will be paid) in subsequent years.
All tax refunds, credits, losses, or rebates attributable to a taxable period commencing on or before the closing date, as well as prepayments of taxes made on or before the closing date, are referred to as tax assets.
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what is the profitability index for project a with a cost of capital of 8%? year project a project b 0 ($42,000.00) ($45,000.00) 1 $14,000.00 $28,000.00 2 $14,000.00 $12,000.00 3 $14,000.00 $10,000.00 4 $14,000.00 $10,000.00 5 $14,000.00 $10,000.00
It should be taken into account that only the profitability index of project A is being asked-
Value of cash inflows at the present
=( (14000/1.08)+(14000/ (1.08)^2+(14000/(1.08)^3+(14000/(1.08)^4+(14000/(1.08)^5)
= (12962.96+ 12002.74+11113.65+10290.41+9528.16)
= 55898
Net value of cash outflow at the beginning =42000
Profitability index=[present value of future inflows / initial outflows]
=[55898/42000]
=1.33
What do you mean by Profitability index ?
Profitability index of project a could be calculated using the net cash inflows at the present and comparing it with net cash outflows at the present.
The PI is calculated by dividing the present value of future expected cash flows by the initial investment amount in the project.A PI greater than 1.0 is deemed as a good investment, with higher values corresponding to more attractive projects.Hence, The profitability index of Project A is 1.33
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as a result of the bretton woods system, if a country developed a permanent deficit in balance of trade that could not be corrected by domestic policy, who could step in to agree to currency devaluation? multiple choice question.
As a result of the Bretton Woods system, the International Monetary Fund will consent to a currency devaluation if a nation experiences a persistent trade balance imbalance that cannot be resolved by domestic policy.
The Bretton Woods System is a collection of coordinated laws and regulations that offered the foundation required to establish fixed foreign exchange rates. In essence, the agreement mandated that the newly established IMF set the fixed rate of exchange for all international currencies.
A significant contributing factor to Bretton Woods' failure was the country's inflationary monetary policy, which was inappropriate for the system's primary currency country. The Bretton Woods system was founded on regulations, the most significant of which was to adhere to fiscal and monetary practices that were in line with the official peg.
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(02.02 mc) some americans prefer a single income tax rate because it (5 points) group of answer choices is easier to calculate would increase the government's revenue means everyone would pay the same income percentage in taxes it would reduce the percent of income poorer families pay in income taxes
Tax systems come in three basic varieties. Higher levels of income are subject to higher tax rates under a progressive tax system. On the other hand, in regressive tax systems, higher levels of income are subject to lower tax rates. Lastly, in a system with a flat tax, you pay the same tax rate on all income levels.
Which three kinds of tax systems exist?A progressive tax is one that taxes more of a person's income from people with higher incomes than from people with lower incomes. A proportional tax is one that imposes the same tax on all income groups. regressive tax: A tax that takes a larger share of income from groups with lower incomes than from groups with higher incomes.
What is a system of tax rates?
The percentage at which a person or business is taxed is known as a tax rate.The federal government as well as many of the states in the United States employ a progressive tax rate system, in which a person's or entity's taxable income is multiplied by the percentage of tax that is levied.
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if an individual is assigned a task during a project, they are now considered a member of the . a.) project sponsor group b.) stakeholder group c.) project team d.) business
They are now considered a member of the project team. The project team is the group of people who are in charge of carrying out the activities and generating.
The deliverables described in the project team. plan and schedule, as directed by the project manager, at whatever level of effort or involvement is specified. Contributing to overall project objectives, serving on generating, delivering expertise when required, and collaborating with the overall team to satisfy business needs are all tasks of project team members. Depending on the circumstances, a small business may have only one team that works on the various projects.
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