None of the Above. A mutual fund owner typically has access to a variety of withdrawal options, including direct deposit, check, and wire transfer.
However, the minimum NAV (net asset value) of the mutual fund must be considered when choosing a withdrawal option. If the minimum NAV of the mutual fund is $5,000, then none of the above options would be available.
Net asset value, or "NAV," of an investment company is the company's total assets minus its total liabilities. For example, if an investment company has securities and other assets worth $100 million and has liabilities of $10 million, the investment company's NAV will be $90 million.
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Which of these employees are involved with a primary activity at their company?
Michael assembles automobiles at the plant, John is responsible for all marketing activities, and Carol is a customer service representative
Operating, Investing, and Financing are the three areas into which business activities can be separated.
What do you mean by financing?Finance is the process of obtaining funds or capital for any kind of expenditure. Allocating various financial resources, such as credit, loans, and invested capital, to the parts of the economy that stand to gain the most from them is the process of financial resource allocation.
Which kind of financing are available?There are two main categories of external financing: debt financing and equity financing. Equity financing is the provision of funds in exchange for a portion of ownership and potential future earnings.
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When reruns of a popular network program are sold to individual stations for rebroadcast, it is known as ______ syndication.
A. classic
B. first-run
C. audience-supported
D. off-network
E. barter
When reruns of a popular network program are sold to individual stations for rebroadcast, it is known as barter syndication. The correct option is (E).
What do you mean by the Barter Syndication?A sort of agreement between broadcasters, including television networks, network affiliates, independent stations, and television syndicators, is referred to as barter syndication.
Television show advertising time is the item being exchanged. The control of the advertising time, including how much will be available and who will sell it, is at the core of the barter system.
Barter syndication is a potent instrument in the syndication industry, which is expanding quickly and has extensive implications for the broadcasting, advertising, and syndication sectors.
Therefore, when reruns of a popular network program are sold to individual stations for rebroadcast, it is known as barter syndication.
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On July 1, Marin Inc. purchases 440 shares of its $5 par value common stock for the treasury at a cash price of $12 per share. Journalize the treasury stock transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
The journal entry to record the treasury stock transaction includes:
Debit to treasury stock for $5,280Credit to Cash for $5,280What is a treasury stock?A treasury stock refers to an outstanding stock that has been bought back from stockholders by the issuing company. The result of a treasury stock is that that the total number of outstanding shares on the open market decreases. Its remains issued but is not included in the distribution of dividends or the calculation of earnings per share (EPS).
The computation of the treasury stock is shown below:
= Number of shares purchased * Cash price per share
= 440 shares * $12
= $5,280
The journal entry recording the treasury stock transaction is shown below:
Date Account titles Debit Credit
On July 1 Treasury stock A/c Dr $5,280
To Cash A/c $5,280
(Being purchase of treasury stock for cash is recorded)
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True or false: the primary purpose of a company's statement of cash flows is to provide information about the company's
True, The primary purpose of the statement of cash flows is to provide information about a company's cash receipts and cash payments during an accounting period.
What is information ?Information refers to an abstract concept that relates to anything that has the power to transmit information. At the most basic level, information relates to the interpretation of what is felt.Information is a stimulus that has meaning to the recipient in a specific context. When information is entered into a computer and stored there, it is commonly called data.Output data can be recognized as information again after undergoing processing such as formatting and printing. This is a data set organized for direct use by humans, as the information helps people in their decision-making processes.For example: Timetables, earnings lists, reports, tables with headers, printed documents, pay-slips, receipts, reports and more. Information is defined as knowledge obtained through research, communication, research, or education. Information is basically the result of analyzing and interpreting data.Data is the individual numbers, numbers, or graphs, but information is the perception of these units of knowledge.To learn more about information from the given link :
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Question:
True or false: The primary purpose of the statement of cash flows is to provide information about a company's cash receipts and cash payments during an accounting period.
You decide to invest in a portfolio consisting of 19 percent Stock X, 49 percent Stock Y, and the remainder in Stock Z. Based on the following information, what is the standard deviation of your portfolio? State of Economy Probability of State of Economy . Return if State Occurs
Stock X Stock Y Stock Z
Normal 80 10.30% 3.70% 12.70%
Boom 20 17.60% 25.60% 17.10%
O 5.41% O 2.20% O 7.89% O 6.76% O 2.93%
The standard deviation of your portfolio is 5.70%.
Stock return for Normal state of economy
= 0.15 × 10.9 + 0.51 × 4.3 + 0.34 × 13.3
= 8.35%
Stock return for Boom state of economy
= 0.15 × 18.2 + 0.51 × 26.2 + 0.34 × 17.7
= 22.11%
Weighted average return
= 0.78 × 8.35 + 0.22 × 22.11
= 11.38%
Standard deviation
= 0.78 × (8.35 - 11.38)^2 + 0.22 × (22.11 - 11.38)^2)^0.5
= 5.70%
A portfolio is a set of financial investments like shares, bonds, commodities, cash, and cash equivalents, such as closed-cease finances and trade traded funds (ETFs). human beings usually consider that stocks, bonds, and cash include the core of a portfolio.
A portfolio is a group of economic investments like shares, bonds, commodities, cash, and coins equivalents, such as closed-cease funds and alternate traded price range (ETFs).
People typically trust that stocks, bonds, and cash include the center of a portfolio.
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The Will Company reported the following data for last year: $ 25,000 20,000 15,000 Decrease in the cash account Net cash provided by operating activities Net cash provided by investing activities Based solely on this information, the net cash provided (used) by financing activities on the statement of cash flows would be: a. $2,000 $b. (8,000)c. $(60,000) d. $(30,000)
Net cash provided by investing activities Based solely on this information, the net cash provided (used) by financing activities on the statement of cash flows would be $(60,000).
Hence, option C is correct
A net price is a projection of how much you and your family will actually have to pay each year to cover your education costs at a given college or career school. It is the cost of attendance at the university less any grants and scholarships you might qualify for.Start with the list price and add all applicable taxes and other governmental mandated fees to determine the net price. Then deduct any rebates, discounts, or prices that were negotiated.20,000 in cash flow from operational activitiesCapital raised by investment - 15,000Changes in the cash account (25000)Money from investment account created = (20000+15000+25000) (60000)This indicates that an overall outflow of $25,000 in the cash account results from a financing activity outflow of $60,000.To know more about net cost here
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Bridgeport Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 45,000 shares for cash at $51 per share. July 1 Issued 65,000 shares for cash at $57 per share. Your answer is partially correct. Journalize the transactions.
a. The journal entries are shown below:
Cash Dr $2,040,000 (40,000 shares × $51)
To Preferred stock $2,000,000 (40,000 shares × $50)
To Paid in capital in excess of par - Preferred stock $40,000
(Being the issuance of preferred stock is recorded)
Since the cash is increased so it would be debited along with it the stockholder equity is also increased so preferred stock is credited and the remaining balance is transferred to the paid in capital
Cash Dr $3,360,000 (60,000 shares × $56)
To Preferred stock $3,000,000 (60,000 shares × $50)
To Paid in capital in excess of par - Preferred stock $360,000
(Being the issuance of preferred stock is recorded)
Since the cash is increased so it would be debited along with it the stockholder equity is also increased so preferred stock is credited and the remaining balance is transferred to the paid in capital
b. The posting is as follows
Preferred Stock
Date Debit Date Credit
1-Feb $2,000,000
1-Jul $3,000,000
Paid in capital in excess of par - Preferred stock
Date Debit Date Credit
1-Feb $40,000
1-Jul $360,000
c. As we know that the stockholder equity comprises of common stock, preferred stock, retained earning, treasury stock, etc
So, the presentation of the accounts is
Preferred stock, $50 par value, 100000 outstanding and issued - $5,000,000
Paid in capital in excess of par - Preferred stock - $400,000
These amount are a sum of preferred stock and paid in capital in excess of par.
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potential profits of two producers of bottled water. each has two strategies available to it: a high price and a low price. the nash equilibrium is: table: payoff matrix for ozarka and deer park deer park high price low price ozarka high price ozarka's profit
Potential profits of two producers of the bottled water payoff matrix for Ozarka and deer park high price low price Ozarka high price Ozarka's profit.
Profitability indicates a company's ability to make more money in future business or commerce. I call it monetizing the entire ability to generate revenue.
Determining profit potential includes all costs associated with producing a product. Factors considered in calculating product-related risks include manufacturing and service costs, administrative costs, insurance and local license fees, and advertising costs.
Profit is a company's income minus expenses. Profitability is important for a company because profitability affects a company's ability to secure bank funding, attract investors to finance its operations, and grow its business. A company cannot continue to operate without making a profit.
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Calculator Stryker Industries received an offer from an exporter for 15,000 units of product at $17.50 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data are available: Domestic unit sales price $20 Unit manufacturing costs: Variable 11 Fixed 1 The differential revenue from the acceptance of the offer is a $262.500 b. $52,500 c. $300,000 d. $250.000
Differential revenue is $262,500.
Special order quantity = 15,000 units
The special order price per unit is $17.50.
Differential revenue from acceptance of the offer = Special order size x Special order selling price per unit
Differential revenue from acceptance of the offer = 15,000 x 17.50
Differential revenue from acceptance of the offer = $262,500
Hence, answer a) is correct.
The difference in sales generated by two different courses of action is referred to as differential revenue. The concept is commonly used when deciding between two (or more) business investments.
For example, a manager is debating whether to invest in a new product line that will result in $1,000,000 in new sales or to increase marketing for an existing product line that will result in $700,000 in new sales. The revenue difference between the two options is $300,000.
The fallacy of using the differential revenue concept is that it ignores the differential profit or cash flows generated by the various decisions. Profits and cash flows are far more important than revenue because they contribute to a company's financial health.
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Which of the following choices would be a factor that contributes to a nation's rapid long-run economic growth?
Faster technological progress would be a factor that contributes to a nation's rapid long-run economic growth.
Monetary increase can be described because the boom or improvement inside the inflation-adjusted marketplace value of the products and services produced by an financial system in a economic year. Statisticians conventionally degree such growth because the percentage fee of growth inside the real gross home product, or actual GDP.
Economic growth – measured as an increase of humans' real profits – method that the ratio between people's income and the expenses of what they should purchase is increasing: goods and offerings end up extra cheap, and people emerge as much less negative.
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Given a recessionary gap, the Federal Reserve will use monetary policy to _____ interest rates and _____ aggregate demand.
'Given a recessionary gap, the Federal Reserve will use monetary policy to decrease interest rates and increase aggregate demand.
In macroeconomics, aggregate demand or domestic final demand is the aggregate demand for final goods and services in the economy at any given time. This is often called effective demand, but the term is sometimes differentiated. This is the demand for the Gross Domestic Product of the country.
Aggregate demand is a measure of aggregate demand for all goods and services produced in the economy. Aggregate demand is expressed as the total amount exchanged for those goods and services at a particular price level and point in time.
Aggregate demand, however, takes the sum of the markets for the individual products and services that the economy produces and expresses it as a total dollar value. For example, a country may have a total demand for goods and services of $1 billion annually.
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What of the following forms the basis for a financial advantage when making a business decision?
Whether opportunity costs are present
Whether irrelevant costs and benefits arise
Whether the differential benefits exceed the differential costs
Whether alternatives exist
The basis for a financial advantage when making a business decision is, whether the differential benefits exceed the differential costs.
The element or factor in a firm's product or strategy which makes it superior to that of a competitor.
Financial advantage means any offer, promise or payments of any money, gift, service, status, right, interest or any other thing to which economic value attach, including hospitality and entertainment.
Financial means relating to or involving money. The company is in financial difficulties. That's why while making a business decision, company offer to choose the differential benefits exceed the differential costs.
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Dividends is a(n) ________ account that has a normal________ balance.a. liability; creditb. equity; debitc. liability; debit
Dividends is an equity account that has a normal debit balance.
Equity, also known as shareholders' equity or owners' equity for privately held businesses, is the sum of money that would remain with a company's shareholders after all of its assets have been sold and all of its debt has been settled in the event of a liquidation. in the event of purchase.
The book value of a corporation can also be represented by shareholder equity. Equity may occasionally be provided as payment-in-kind. Additionally, it shows how many shares of a corporation each person owns.
One of the most popular types of information used by analysts to evaluate a company's financial health is equity, which can be found on a balance sheet of a company.
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Janelle earned a salary of $40,000 in 1996 and $65,000 in 2006. The consumer prive index was 160 in 1996 and 266 in 2006. Janelle's 1996 salary in 2006 dollars is
A. $24,060.15
B. $42,400
C. $43,655.17
D. $66,500
The correct answer is (D) : $66,500.
Janelle earned a salary of $40,000 in 1996 and CPI in 1996 is 160
In order to calculate Janelle's 1996 salary in 2006 dollars we have to equate real 1996 salary in Year 1996 and Year 2006.
Janelle earned a salary of $40,000 in 1996 is 160
Formula : Real Salary = Amount of Salary / CPI
=> Real Salary in 1996 = 40,000 / 160
Let Her salary is 2006 dollars be X
=> Her 1996 real salary in 2006 = X/266
Now equation these real salary we get
40,000 / 160 = X/266
=> X = $66500
So, Her 1996 salary is 2006 dollars $66500
Hence, the correct answer is (D) $66,500
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which of the following is the most difficult ethical challenge to managers in today's business climate?A) increasing the amount that employees pay for health careB)not being able to hire new employeesC)not receiving training in the transition to management D)having to fire employees who are not productive
Option C is correct. The most difficult ethical challenge to managers in today's business climate is not receiving training in the transition to management.
There are two unchanging truths: managing people is never simple and life is about change. Managers now face additional difficulties, which exacerbates the situation. Due to the pandemic, the corporate environment is changing quickly and new challenges are emerging. In this post, we'll examine the top management difficulties and potential solutions.
The Top 15 Challenges Managers are now Facing Uncertainty about the Future:
the health of the workforce
Monitoring Team Performance
Forming Corporate Culture
Finding and Onboarding the Best Workers
promoting inclusion and diversity in the workplace
Managing Interteam Communication
Guidelines & Compliance
Information & Digitalization
Watch Your Skills Gap
High Employee Turnover
forming inventive teams
Dismantling Silos to Reduce Knowledge Loss and Brain Drain
The Holy Grail is found through engagement.
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Which of the following is an example of derivative securities Mcq?
Derivative securities include, for instance, mortgage-backed securities. A credit facility whose value is based on the value of some other asset is referred to as a derivative security.
How do mortgage-backed securities operate and what are they?Mortgage-backed securities (MBSs), a subset of asset-backed securities, are created by combining just mortgages. A mortgage-backed securities is effectively a loan to homebuyers from the investor who purchases it. A broker can be used to purchase and sell MBS.
How dangerous are securities backed by mortgages?MBSs often provide yields that are greater than those of U.S. Treasurys, they also have hazards. Reinvestment risks, prepayment risks, and also the risk of negative convexity are a few of these. Because they are secured and backed by low-risk debt, MBS have the benefit for inherent security.
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Businesses that use H-form or M-form organizational design may have several ____ who are responsible for helping line managers with their control functions, for coordinating the organization's overall control system, and for gathering and assimilating relevant information.
a. ombudsmen
b. facilitators
c. change agents
d. controllers
e. control champions
Businesses that use H-form or M-form organizational design may have several change agents who are responsible for helping line managers with their control functions, coordinating the organization's overall control system, and gathering and assimilating relevant information.
What type of organization is ideal?
The majority of businesses, especially smaller ones that don't necessarily have a large number of departments or call for a lot of links in the chain of command or communication, should really start with a traditional line organizational structure.
The H-form organization, also known as a conglomerate (H stands for hybrid), loosely relies on product departmentalization, with the various products making up different businesses. A corporate strategy of related diversification is implemented using the M-form design.
Therefore, Similar to the H-form design, the M-form organization, also known as the divisional design, has most or all of its bin the same or closely related industries.
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a form of communication between business and customers which relays a good message promoting services and/or good is also known as:
The form of promotional communication between business and customers to relay good messages about their products and services is known as advertising.
What is advertising?A product or service's customers can be reached through advertising. Advertisements are paid-for messages that are sent with the intention of informing or influencing the recipients.
The advertising industry is made up of businesses that advertise, agencies that produce the ads, media that runs the ads, and a large number of individuals who take the ads all the way to the consumer or recipient, including copy editors, visualizers, brand managers, researchers, creative minds, and designers.
An advertising agency is hired by a business to promote itself and/or its goods. The business provides the agency with a briefing on the brand, its visuals, the principles and values that underpin it, the target markets.
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What does limited liability mean? The personal assets of the owners cannot be claimed if the business is bankrupt. The owners of the business are personally responsible for paying expenses incurred by the business. Anybody with a liability against a firm can claim only what their liability refers to. Only employees can have a claim on the assets of the business.
According to the research, the correct answer is Option A. A limited liability means that the personal assets of the owners cannot be claimed if the business is bankrupt.
What is a limited liability?It is a commercial company that protects the personal assets of the partner/partners, since they are not personally responsible for any corporate debts that may arise.
In this sense, it is integrated with the contributions of the partners and is characterized by the non-personal responsibility of the partners for the corporate debts, only the partner/partners will be responsible for them in relation to the amount of capital they contributed to the company.
Therefore, we can conclude that according to the research, in a limited liability, the contributions of the partners are, in principle, non-transferable where the capital, which will be divided into social shares, whose partners will not be personally responsible for the corporate debts if the company dissolved by interdiction or bankruptcy.
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visor, inc. had net income during the period of $10,000. preferred dividends were $2,000 and the weighted-average common shares outstanding were 500. basic earnings per share equal $ .
After calculating the basic earning, the basic earnings per share (EPS) for Visor, Inc. is $16.
To calculate the basic earnings per share (EPS), we divide the net income available to common shareholders by the weighted-average number of common shares outstanding.
Net Income: $10,000
Preferred Dividends: $2,000
Weighted-average Common Shares Outstanding: 500
Net Income available to common shareholders:
Net Income - Preferred Dividends
= $10,000 - $2,000
= $8,000
Basic Earnings per Share (EPS):
Net Income available to common shareholders / Weighted-average Common Shares Outstanding
= $8,000 / 500
= $16
Therefore, the basic earnings per share (EPS) for Visor, Inc. is $16.
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For a given level of money and real GDP, an increase in velocity would lead to an increase in the price level. Select one: True False.
An increase in velocity would result in an increase in the price level for a given level of money and real GDP. True
According to the quantity theory of money, the amount of money in an economy and the level of prices of goods and services sold have a direct relationship.
We have the phisher equation, which is M * V = P* T.
V denotes the velocity of circulation.
As a result, an increase in V leads to an increase in P, which is the price level.
Money velocity is a measurement of how quickly money is exchanged in an economy. It is the amount of money transferred from one entity to another. Money velocity is also the amount of money that is spent in a given time period. Simply put, it is the rate at which an economy's consumers and businesses spend money collectively.
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martin was trying to sell pumps for circulating water in goldfish ponds when he realized that the reason he was not able to sell many pumps was because of the weight of the model he was trying to sell. he approached the firm with the idea to replace every possible metal part of the pump with a hard plastic substitute. after working on his feedback, the pumps became lighter in weight and were able to meet customers' requirements better. as the , martin saw the project from its conception to the development of a lighter pump.
A great place to start learning about the hobby of saltwater aquariums in a pond is goldfish ponds and hardiness to tolerate a range of conditions, goldfish—not to be confused with Koi fish—are a popular pond fish.
What are goldfish ponds?In general, goldfish perform much better in lagoons compared to tanks because they have more room to develop and more diverse natural weather, both of which are very beneficial to them. Although designing and maintaining a carp pond may at first appear to be a difficult endeavor, our tutorials are intended to simplify the process and give you a better understanding of how it's done. We go over everything in the sections below, including how to choose the size and location of our goldfish pond, what supplies you'll need, what plants, fittings, and plumbing to add, how and where to properly acclimatize goldfish to new ponds, and how to maintain them healthy throughout the year!
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Which of the following correctly identifies a fiscal policy and a monetary policy that would be used to combat inflation?
Fiscal policy aims to reduce consumer spending and industry investment in inflationary times by increasing taxes or cutting government spending.
Which philosophy has a significant tendency to support the right to school prayer?Contrary to what is known as social liberalism, the word "social conservatism" refers to conservative viewpoints on social and cultural problems such abortion, same-sex marriage, and school prayer (cultural liberalism).
Which fiscal or monetary strategy is better at stabilizing a recession-hit economy?He explains that the conventional wisdom has been to rely on monetary policy by decreasing interest rates during a recession. When that strategy fails, the focus usually shifts to fiscal policy, such issuing stimulus cheques. He observes that once rates fall too low, further reductions are impossible.
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125 g in 2020, the gross federal debt to gdp ratio in the united states was about percent.
125 g in 2020, the gross federal debt to GDP ratio in the United States was about 134.24 percent.
What is gross federal debt?
The whole of the federal government's debts, including what it owes to itself, is known as the gross federal debt. The total of debt held by the public and intragovernmental debt is known as gross federal debt. In February 2020, before the COVID-19 public health and economic crisis necessitated significant short-term borrowing, the gross debt stood at $23.5 trillion. As of today, it has increased to $30.0 trillion. By the conclusion of Fiscal Year (FY) 2031, the Congressional Budget Office (CBO) forecasts that the gross debt will have increased to around $41.0 trillion.
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if information supplementary to the basic financial statements has been subjected to auditing procedures, the auditor may express an opinion that the accompanying information is fairly stated in
The auditor must apply certain limited procedures in relation to the additional information supplementary required and include another paragraph in the auditor's report on the financial statements.
The auditor must apply some limited procedures to the data and add another item to the financial report of an audit. The additional information required should be subject to certain limited procedures, but the information need not be revised. The auditor must apply certain limited procedures to the additional information and include a section on other matters in the auditor's report.
Compare additional information needed to ensure consistency with the audited financial statements. It includes a related paragraph that confirms that the auditor has followed the required procedures.
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Which of the following is NOT an example of a coordination game with multiple equilibria?Two Two sellers are in a market where their best option is the same regardless of what the other firm does.Potential protesters decide whether to participate in protests to try to overthrow a government.A company decides in which hours to operate for the convenience of its customers and suppliers.Question 6A basic logic that applies to all strategic interactions is:making a good choice requires that you anticipate what others will do.action should not be taken until there is a clear best choice.risk must be eliminated.games should be avoided, so that decisions can be based on facts.Question 7Use the table, with data for Vlad and Assad, to answer the question.Table: Profits for Vlads and Assads Cookie CompaniesAssad charges S1 per Assad charges $3 percookie.cookie.Vlad chargesUse the check mark method to determine which cell has a Nash equilibrium. When there is a Nash equilibrium, Vlad earns profits of _____, and Assad earns profits of _____.$3,000; $3,000$3,500; $500$500; $3,500$2,000; $2,000Question 8The models in our class say that when there are positive accounting profits, entry will occur.TrueFalse
The option that is not an example of a coordination game with multiple equilibria is option A: Two Two sellers are in a market where their best option is the same regardless of what the other firm does.
A basic logic that applies to all strategic interactions is option A: making a good choice requires that you anticipate what others will do.
The models in our class say that when there are positive accounting profits, entry will occur is false.
How many equilibria do coordination games have?The Nash equilibrium is shown in cooperative game. There are two Nash equilibria in the coordination game. Because there are two Nash equilibria in which both players utilize the same strategy and neither player has a dominant approach, economists refer to this as a coordination game.
The phrase "strategic interaction" is used generically to describe a process that aims to involve multiple stakeholders in accomplishing a common objective and significantly relies on effective communication to move that goal forward.
Therefore, Positive economic profits happen when the company made more money in one sector than it could have elsewhere. If a business makes no money at all, its proprietors could not have spent their time or resources more effectively elsewhere.
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Ordinary taxable income for purposes of the qualified business income deduction refers to:
For the purposes of the qualified business income deduction, ordinary taxable income is the same as the Qualified Business Income Deduction.
Who qualifies for the business income deduction?A tax break known as the qualified business income deduction (QBI) enables qualified small-business owners and self-employed individuals to deduct up to 20% of their qualifying business income from their taxable income.
The total taxable income for a single taxpayer or a joint taxpayer for 2022 must be less than $170,050 or $340,100, respectively, to qualify.The thresholds increase to $182,100 for individuals and $364,200 for joint filers in 2023.
If you make more than that, specific IRS criteria determine whether your business income qualifies for a full or partial deduction. Typically, the qualifying business income deduction works as follows.
Who is eligible for the deduction for qualifying business income?
People who have "pass-through income," or business revenue that is reported on your personal tax return, are eligible for the qualifying business income deduction. The following entities qualify for the business income deduction:
(a) Sole proprietorships.
(b) Partnerships.
(c) Individual corporations.
(d) Limited liability firms (LLCs).
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Which of the following is not a requirement of the Drug-Free Workplace Act imposed on all companies that do more than $25,000 worth of business with the federal government?
Test new employees for possible drug use is not a requirement of the Drug-Free Workplace Act imposed on all companies that do more than $25,000 worth of business with the federal government.
Give a brief account on Drug-Free Workplace Act .The Drug-Free Workplace Act of 1988 is a law of the United States that stipulates that all recipients of federal grants and some federal contractors must agree to maintain drug-free workplaces as a condition of receiving a grant or contract from a federal agency. Although all covered contractors and grantees are required to maintain a drug-free workplace, whether the contractor or grantee is an individual or an organization affects the exact components, things must exist in order to adhere to the Act. Organizations are subject to more stringent rules than individuals because they must implement substantial, systematic measures to create a drug-free workplace.
Prior to the Drug Free Workplace Act, there was no federal law that employers could rely on to compel drug tests or impose sanctions on employees who used drugs, which forced employers to create their own rules prohibiting drug use.
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in the long run, firms in a monopolistically competitive market face the same situation as firms in a perfectly competitive market in that _________.
In monopolistic competition, whether a company enters or exits, it will ultimately result in zero economic profits for the company.
There will be some excess capacity in an industry with monopolistic competition; This could be thought of as the price of having so many different products because of this market structure.
Is there a comparability between an imposing business model and a monopolistically cutthroat firm over the long haul?A monopoly and monopolistic competition are both price makers, which is what makes them similar to one another. This indicates that monopolies and competitive monopolistic businesses can raise prices without losing all of their sales.
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Assessing Financial Statement Effects of Passive and Equity Method Investments
On January 1, 2018 Ball Corporation purchased shares of Leftwich Company common stock.
(a) Assume that the stock acquired by Ball represents 15% of Leftwich's voting stock and that Ball has no influence over Leftwich's business decisions. Use the financial statement effects template (with amounts and accounts) to record the following transactions:
(1) Ball purchased 5,000 common shares of Leftwich at $15 cash per share.
(2) Leftwich reported annual net income of $40,000.
(3) Ball received a cash dividend of $1.10 per common share from Leftwich.
(4) Year-end market price of Leftwich common stock is $19 per share.
Use negative signs with answers when appropriate.
The financial statement effects template is given as :
It is a double-entry concept that helps us understand each transaction and its impact on the company's financial statements.
Balance sheet
Transaction cash asset + non-cash = liability + contributed capital + earned capital
1 -75000+ 75000 = 0 +0+0
2 0+ 40000 = 0+0+ 40000
3 5500 +0 = 0+0+ 5500
4 0 +20000 = 0+ 0 + 20000
Income statement
Transaction Revenue - Expense = Net Income
1 0 -0 = 0
2 40000 - 0 = 40000
3 5500 - 0 = 5500
4 20000 +0 = 20000
From the above financial statement effect template, we can understand the company's business decisions clearly.
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