Answer:
Air jordan shoe rack and pinion to be there at noon
On August 24, Edward Charles offered to sell his 1967 Chevy Corvette Convertible for $150,000 to Mark Anderson. Anderson offered to pay $125,000. On August 24, Charles rejected Anderson’s offer of $125,000. On August 28, Anderson offered $150,000 for the car. Charles refused to sell and Anderson sued for specific performance of the contract. Will the court require Charles to sell the car? Use legal theories and the facts to support your answer.
Answer:
No, Charles will not be required to sell. The original deal involved $150,000, but the Anderson made a counteroffer which eliminates the original deal. Since Charles rejected the counteroffer, there is no legal obligation between both parties. If the car is going to be sold, new terms must be agreed by both parties.
what are the steps in the recording process
A. Macarty Company's records indicate the following information for the year: Merchandise inventory, 1/1 $ 550,000 Purchases 2,250,000 Net sales 3,100,000 On December 31, a physical inventory determined that ending inventory of $600,000 was in the warehouse. A. Macarty's gross profit on sales has remained constant at 30%. A. Macarty suspects some of the inventory may have been taken by some new employees. At December 31, what is the estimated cost of missing inventory
Answer:
add all them and there u go
Explanation: so add 550,000 -2,50,000 + 3,100,000+600,000 -30% hope that helps
Who is responsible for filing your federal tax return?
A. The IRS.
B. Your employer.
C. The state tax agency.
D. You.
On January 1, 2021, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: Payment Cash Payment Effective Interest Increase in Balance Outstanding Balance 6,286,574 1 370,000 377,194 7,194 6,293,768 2 370,000 377,626 7,626 6,301,394 3 370,000 378,084 8,084 6,309,478 4 370,000 378,569 8,569 6,318,047 5 370,000 379,083 9,083 6,327,130 6 370,000 379,628 9,628 6,336,758 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 38 370,000 432,132 62,132 7,264,327 39 370,000 435,860 65,860 7,330,187 40 370,000 439,813 69,813 7,400,000 Required: 1. What is the face amount of the bonds
Answer:
The face amount of the bonds is $7,400,000
Explanation:
The face value or amount of the bonds is the amount that is repaid to the bondholder at the end of the maturity period. The face amount is usually stated on the bond certificate when issued, and the issuer of the bonds is expected to pay this amount at maturity. The amortization schedule of the bonds shows how the interest expense and payments are made and the amortization of either premiums or discounts on the bonds. It helps the issuer to account for the instrument over the maturity period.
The difference between pretax accounting income and taxable income is due to subscription revenue for one-year magazine subscriptions being reported for tax purposes in the year received, but reported in the income statement in later years when the performance obligation is satisfied. The income tax rate is 25% each year. Times-Roman anticipates profitable operations in the future.
Question Completion:
Times-Roman Publishing Company reports the following amounts in its first three years of operation: ($ in 000s) Pretax accounting income Taxable income 2018 2019 2020 S340 $320 $310 380 330 350
Required:
1. What is the balance sheet account for which a temporary difference is created by this situation?
2. For each year, indicate the cumulative amount of the temporary difference at year-end. (Enter your answers in thousands.)
3. Determine the balance in the related deferred tax account at the end of each year. Is it a deferred tax asset or a deferred tax liability? (Enter your answers in thousands.)
Answer:
Times-Roman Publishing Company
1. The balance sheet account for which a temporary difference is created by this situation is the Deferred Subscription Revenue.
2. Cumulative amount of the temporary difference at year-end:
December 31, ($ in 000s) 2018 2019 2020
Cumulative Temporary Difference $40 $50 $90
3. The balance in the related deferred tax account for each year:
December 31, ($ in 000s) 2018 2019 2020
Deferred Tax Asset (Liability) $10 $2.5 $10
They are all deferred tax assets.
Explanation:
a) Data and Calculations:
December 31, ($ in 000s) 2018 2019 2020
Pretax accounting income $340 $320 $310
Taxable income 380 330 350
Temporary Difference $40 $10 $40
Cumulative Temporary Difference $40 $50 $90
Deferred Tax Asset (Liability) $10 $2.5 $10
a) A deferred tax asset arises from the overpayment or advance payment of taxes as a result of the temporary differences between the accounting income and the taxable income. On the other hand, a deferred tax liability arises from the underpayment of taxes as a result of the temporary differences between accounting income and taxable income.
When a product is a ______, the more ______ its demand.
Answer:
oil
Explanation:
what's the context, what are the possible options for input?
The way you have the question now is super vague and unanswerable
You are in the market for a used car and decide to visit a used-car dealership. You know that the Blue Book value of the car you are looking at is between $20,000 and $24,000. If you believe the dealer knows as much about the car as you do, how much are you willing to pay
Answer:
$22,000
Explanation:
In this case, both you and the dealer have the same information about the car, meaning that information is symmetrically distributed. Since the value of the car is between $20,000 and $24,000, you should be willing to pay ($20,000 + $24,000) / 2 = $22,000
If the car dealer had more information than you, then you should be willing to pay the lower price $20,000.
DO
include a signature.
Don't
include lots of exclamation marks to get your point across.
DO
include the thread of previous messages.
Do
make e-mail messages brief.
Don't
mark messages as urgent so your e-mails will be read first.
Do
use a relevant subject line.
Do
use all capital letters when the message is urgent.
Answer:ok
Explanation:
Your firm has been working on an advanced technology. This technology will be available in the near term. The firm anticipates the first annual cash flow from the technology to be $158,335, received three years from today. Subsequent annual cash flows will grow at 2.24% in perpetuity. What is the present value of the technology if the discount rate is 10.02%
Answer:
$908,551
Explanation:
Present value of the technology = First annual cash flow/(Discount rate-Growth rate))/Growth
Present value of the technology = ($158,335/(10.02%-2.24%))/2.24= $2,500,000
Present value of the technology = ($158,335/7.78%)/2.24
Present value of the technology = $2035154.241645244 / 2.24
Present value of the technology = $908551.000734483
Present value of the technology = $908,551