Answer:
d.Japanese consumers have schemas and prototypes against which they can positively evaluate and comprehend Cold Stone Creamery.
Explanation:
Japanese consumers have schemas and prototypes against which they can positively evaluate and comprehend Cold Stone Creamery.The prototype is regarded as mental frameworks which is been utilized in assignment of things into categories based on quality.
For the backpack buyer, note the importance of each of the five main characteristics under PREFERENCES and consider each in terms of the five steps. Why are CAPACITY and WATERPROOF the most influential preferences in buyer behavior for the Outdoor Enthusiast?
Answer:
Outdoor enthusiasts love to spend time in nature. One of the ways they do so is by traveling, hiking, cycling, etc. Many times they need to carry equipment that's heavy and are exposed to all manner of weather elements such as fog, rain, heat, etc.
So if the bag cannot contain many items, it's usually a put-off for them. Also, any outdoor person would want their personal items to remain dry regardless of the weather.
This is the reason why for them, both Capacity and Waterproof scores as high as 83% amongst the other factors that influence their demand for a backpack.
Cheers
Outdoor Enthusiasts can consider a large backpack—one that can handle the elements—since they are likely hiking or camping for more than a day.
What are the outdoor enthusiasts ?The outdoor enthusiast is those who like to travel outside their country and loves recreation. They take part in various activities like sports, music, outdoor adventure sports like Bungy rope, scuba diving and thus take on with themselves a backpack that consists of all stuff that is required for the adventurous destination. Their backpacks include all-weather camping gear and emergency equipment.
Find out more information about the backpack buyer.
brainly.com/question/13763238.
[Related to Solved Problem 3.1B] In 2015, the Washington Nationals baseball team signed pitcher Max Scherzer to a contract to play for them for seven years. He would be paid $15 million dollars per year for 14 years—an additional 7 years beyond the end of the time he would be committed to play for the Nationals. The contract was widely reported as being worth $210 million (or $15 million per year×14 years). One baseball writer argued, though, that "this deal serves as a nice reminder that the payment terms of a deal can have an impact on the actual value of the contract." Source: Dave Cameron, "Max Scherzer and When $210 Million Isn't $210 Million," fangraphs, January 19, 2015. Which of the following statements best represents the actual value of the contract? A. The actual value of the contract is more than $30 million for each year he plays. B. Scherzer's contract is worth $210 million on the day he signs it. C. The actual value of the contract is less than $30 million for each year he plays. D. The actual value of the contract is $30 million for each year he plays. Assume for simplicity that Scherzer receives his $15 million per year salaries for 2018, 2019, and 2020 at the end of each calendar year. The interest rate for this period of time is 7%. The present value of the salaries he will receive for these three years on January 1, 2018 is approximately A. $41.9 million. B. $45 million. C. $36.7 million. D. $39.4 million.
Choro Mining is expected to generate the above free cash flows over the next four years, after which they are expected to grow at a rate of 3% per year. If the weighted average cost of capital is 7% and Conundrum has cash of $80 million, debt of $60 million, and 30 million shares outstanding, what is Choro's expected current share price
Answer: $19.85
Explanation:
Expected current share price = (Present value of free cash flows + Cash holdings - Debt) / Shares outstanding
Present value of free cash flows.
Present value = Year 1 present value + Year 2 present value + Year 3 present value + Year 4 present value + Present value of Terminal value
Terminal value = (Free cash flow * (1 + growth rate)) / (Cost of capital - growth rate)
= (26 * 1.03) / (7% - 3%)
= $669.50
Present value = (12 / 1.07) + (18/ 1.07²) + (22 / 1.07³) + (26 / 1.07⁴) + (669.50 / 1.07⁴)
= $575.49 million
Expected current price = (575.49 + 80 - 60) / 30
= $19.85
which of the following is an example of business related financial information:
pay stub
school-loan document
accounts recievable record
sales reciept from purchasing a new mattress
Answer:
accounts recievable record
Explanation:
Accounts receivable record shows the amount of money customers owe a business. It arises when a company sells goods or services to customers on credit. Accounts receivable is a financial record, as it records commercial transactions between a firm and its customers.
Accounts receivables are treated as assets in the financial records of a business.
Investment X offers to pay you $5,200 per year for eight years, whereas Investment Y offers to pay you $7,300 per year for five years. Calculate the present value for Investment X and Y if the discount rate is 5 percent. (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))
Present value Investment X $ Investment Y $ Calculate the present value for Investment X and Y if the discount rate is 15 percent. (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))
Answer:
Results are below.
Explanation:
Giving the following information:
Investment X:
Annual payment= $5,200 per year for eight years
Investment Y;
Annual payment= $7,300 per year for five years
Discount rate= 15%
To calculate the present value, first, we determine the future value. Then the present value.
FV= {A*[(1+i)^n-1]}/i
A= annual payment
PV= FV/(1+i)^n
Investment X:
FV= {5,200*[(1.15^8) - 1]} / 0.15
FV= $71,379.46
PV= 71,379.46/1.15^8
PV= $23,334.07
Investment Y:
FV= {7,300*[(1.15^5) - 1]} / 0.15
FV= $49,219.38
PV= 49,219.38/1.15^5
PV= $24,470.73
Based on the way SBC's brand manager describes its overall pricing strategy across various types of bikes with varying attributes for different types of riders and varying degrees to which those attributes are incorporated, SBC employs
Answer:
Customer orientation to pricing
Explanation:
Based on the description provided, SBC employs product line pricing. This strategy involves setting different prices for various types of bikes within their product line based on the attributes they offer and the target market they cater to, allowing for differentiation and catering to different customer segments. Therefore, option A is correct.
Product line pricing is a strategy that involves setting different prices for different products within a company's product line based on variations in attributes, features, or target customer segments.
It recognizes that not all products in the line are equal and that customers may have different needs, preferences, and willingness to pay.
By offering different price points for different products, companies can cater to diverse customer segments, maximize revenue, and create perceived value for each product variant, allowing customers to choose the option that best aligns with their desired features and budget.
Learn more about product line pricing here:
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Your question is incomplete; more probably, your complete question is this:
Based on the way SBC's brand manager describes its overall pricing strategy across various types of bikes with varying attributes for different types of riders and varying degrees to which those attributes are incorporated, SBC employs.
Multiple Choice
A. product line pricing.
B. competitor-based pricing.
C. odd/even pricing.
D. penetration pricing.
E. high/low pricing.
Following is the income statement information from Apollo Medical Devices.
($ in thousands) 2020
Net sales $4,163,770
Cost of sales before special charges 1,382,235
Special inventory obsolescence charge 27,876
Total cost of sales 1,410,111
Gross profit 2,753,659
Selling, general and admin expense 1,570,667
Research and development expense 531,086
Merger and acquisition costs 46,914
In-process research and development charges 12,244
Litigation settlement 16,500
Operating profit 576,248
Interest expense (57,372)
Interest income 2,076
Gain on disposal of fixed assets 4,929
Impairment of marketable securities (5,222)
Other income (expense), net (2,857)
Earnings before income taxes 517,802
Income tax expense 191,587
Net earnings $326,215
Required: Identify the components that we would consider operating.
Answer:
$ in thousands) 2020
Net sales $4,163,770
Cost of sales before special charges 1,382,235
Special inventory obsolescence charge 27,876
Total cost of sales 1,410,111
Gross profit 2,753,659
Selling, general and admin expense 1,570,667
Research and development expense 531,086
Explanation:
Answer and I give u brainliest and extra pts
Answer:
b
Explanation:
Richards Company manufactures a single product. All raw materials used are traceable to specific units of product. Current information for the company follows: Beginning raw materials inventory $ 10,000 Ending raw materials inventory 12,000 Raw material purchases 90,000 Beginning work in process inventory 40,000 Ending work in process inventory 25,000 Direct labor 130,000 Total factory overhead 60,000 Beginning finished goods inventory 55,000 Ending finished goods inventory 45,000 The company's cost of direct materials used, cost of goods manufactured and cost of goods sold is:
Answer:
1.Cost of Raw Materials $88,000
2.Cost of Goods Manufactured $293,000
3. Cost of Goods Sold $321,000
Explanation:
1. Calculation for the Cost of Raw Materials Used using this formula
Cost of Raw Materials = Beginning Inventory + Purchases - Ending Inventory
Let plug in the formula
Cost of Raw Materials= $10,000 + $90,000 - $12,000
Cost of Raw Materials= $88,000
B) Calculation of Cost of Goods Manufactured
Using this formula
Cost of Goods Manufactured = Beginning Work in process Inventory + Direct Material + Direct Labor+ Factory Overhead - Ending Work in process
Let plug in the formula
Cost of Goods Manufactured = $ 40,000 + $88,000 + $130,000 + $60,000 - $25,000
Cost of Goods Manufactured = $293,000
3. Calculation for Cost of Goods Sold
Using this formula
Cost of Goods Sold=Beginning Inventory + Production During Period - Ending Inventory
Let plug in the formula
Cost of Goods Sold= $40,000 + $293,000 - $12,000
Cost of Goods Sold= $321,000
Therefore The company's cost of direct materials used, cost of goods manufactured and cost of goods sold will be :
1.Cost of Raw Materials $88,000
2.Cost of Goods Manufactured $293,000
3. Cost of Goods Sold $321,000
Help ASAP!!
1. Are you interested in being an entrepreneur?
2. Which habits do you do already?
3. Which habits would you like to adopt? Explain.
Answer: See explanation
Explanation:
An entrepreneur is someone who creates a business in order for the person to make profit. We should note that the person also bears the risk that are involved in the business.
1. Are you interested in being an entrepreneur?
I am interested in being an entrepreneur. Being an entrepreneur will aid the economic growth and development of the country and also enhance the standard of living of the people which works with me.
2. Which habits do you do already?
Some of the habits I already do from the picture include:
• Giving a head start to tomorrow today.
• Tracking my origress
• Continuing learning
• Tracking my progress.
• Refreshing my self with quality family time.
3. Which habits would you like to adopt?
Some of the habits that I'll like to adopt include:
• Keeping the morning for the toughest jobs.
• Workout and meditate
Andriana Rodriguez is applying for a loan. As she is filling out the paperwork, she comes across a question about her age, which Andriana does not fill in.
Which consumer protection law best supports Andriana's decision to leave this field blank?
- the Equal Credit Opportunity Act (ECOA)
- the Home Mortgage Disclosure Act (HMDA)
- the Truth in Lending Act (TILA)
- the Truth in Savings Act (TISA)
Answer:
ECOA
Explanation:
ECOA Prohibits discrimination based on age (provided they have the capacity to contract)
If a company is considering the purchase of a parcel of land that was originally acquired by the seller for $98,000 is currently offered for sale at $176,000, is considered by the purchaser as easily being worth $166,000, and is finally purchased for $163,000, the land should be recorded in the purchaser's books at:
Answer:
$163,000
Explanation:
Based on the information given in a situation where the company is considering the purchase of a land which means that if the parcel of land was finally purchased for the amount of $163,000 the amount in which the land should be recorded in the purchaser's books will be the amount of $163,000 which was the amount that was finally used to Purchased the land.
Therefore the land should be recorded in the purchaser's books at:$163,000
Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.
a. Cash used for purchase of office supplies, $2,200.
b. Cash provided from consulting to customers, $48,600.
c. Cash used for purchase of mining equipment, $79,000.
d. Cash provided from long-term borrowing, $66,000.
e. Cash used for payment of employee salaries, $24,600.
f. Cash used for payment of office rent, $12,600.
g. Cash provided from sale of equipment purchased in c. above, $23,100.
h. Cash used to repay a portion of the long-term borrowing in d. above, $43,000.
i. Cash used to pay office utilities, $4,900.
j. Purchase of company vehicle, paying $10,600 cash.
Required:
Calculate cash flows from financing activities. (List cash outflows as negative amounts.)
Answer:
$12,400
Explanation:
Cash flows from financing activities Amount
Cash provided from long-term borrowing $66,000.
Cash used to repay a portion of the -$43,000
long-term borrowing in d. above
Purchase of company vehicle, paying -$10,600
Net cash used in financing activities $12,400
When you listen with an intent to understand, you ________
a.
listen for your chance to get your point across
b.
are gaining factual information that you can later report to a manager
c.
seek to understand the other person, you don't interrupt, and you don’t make assumptions.
d.
are looking for a way to reframe the conversation
Answer:
C, it makes the most sense out of the other ones
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you will be the only individual voting for you. a. If the company has 520,000 shares outstanding and the stock currently sells for $36, how much will it cost you to buy a seat if the company uses straight voting
Answer: $9360036
Explanation:
If the straight voting method is used by the company, the number of shares that's required for the person would be:
= 520,000/2 + 1
= 260,001
Then, the total cost that'll be required to purchase a seat will then be:
= 260001 × $36
= $9360036
If you owned a business what would be the way to protect your personal assets from liablity?
Answer:
When you form an LLC, you establish a new business entity that's legally separate from its owners. This separation provides what is called limited liability protection. As a general rule, if the LLC can't pay its debts, the LLC's creditors can go after the LLC's bank account and other assets.Sep 4, 2020
Act Now!, an organization devoted to voting rights, applied for a permit to protest the closing of polling places in poor neighborhoods. Genevieve, the head of the organization, wanted the protest to be on the lawn of the county courthouse. The county denied the permit on grounds that it would prevent people from accessing the courthouse. If Act Now! challenges this action in court, it will be reviewed by the judge using:___________
a) strict scrutiny.
b) rational basis scrutiny.
c) intermediate scrutiny.
d) no particular form of scrutiny (none is required in this situation)
Answer:
c) intermediate scrutiny.
Explanation:
In this particular scenario this will be reviewed by the judge using intermediate scrutiny. In this review the court will decide whether or not the case helps the government and/or the people in any way. The court case interests must further the interests of the government or people in the same way for it to pass the review. If the court case passes the review it will be reassessed and may be voted upon differently depending on the other details at hand.
Banks use a large percentage of their checkable deposits for the purpose of __________.
A.
paying interest
B.
giving loans
C.
employee salaries
D.
maintaining reserves
Answer:
the answer is D.
Maintaining reserves
You would like to purchase a home and are interested to find out how much you can borrow. When your lender calculates your debt to income ratio, he determines that your maximum monthly payment can be no more than $3,200. You would like to have a 30 year fully- amortizing loan and the interest rate offered on such a loan is currently 5%. Given these constraints, what is the largest loan you can obtain?
Answer:
When Your Lender Calculates Your Debt To Income Ratio, He Determines That Your Maximum Monthly Payment Can Be No More Than $3,200.
does anyone know the accounting cycle???
Which activity is an example of differentiated marketing? A. An automobile company promotes small family cars and sports utility vehicles to a specific demographic. B. A retailer promotes commodities such as coffee, sugar, and bread to everyone who shops at the store. C. A local business distributes promotional cards to the community. D. A travel business sends advertisements to its current and past customers. E. An insurance company offers its products to everyone in Kansas.
Answer: A. An automobile company promotes small family cars and sports utility vehicles to a specific demographic.
Explanation:
Differentiated marketing is a form of marketing that occurs when the advertisement that is done by a particular company appeals to some particular target audiences or segments. Thus is usually done by the company to get ire customers and also enhance the brand awareness.
In this case, the activity that is an example of differentiated marketing will be option A. "An automobile company promotes small family cars and sports utility vehicles to a specific demographic".
On January 1, 2019, the balance in Kubera Co.'s Allowance for Bad Debts account was $1,150. During the year, a total of $3,655 of delinquent accounts receivable was written off as bad debts. The unadjusted balance in the Allowance for Bad Debts account at December 31, 2019, was $1,450. Required: a. What was the total amount of bad debts expense recognized during the year
Answer:
$3,955
Explanation:
Bad debts are debts owned to a business whose likelihood of collection is not guaranteed.
Debit
Particulars Amount
Debtors. $3,655
Balance c/f. $1,450
Total $5,105
Credit
Particulars. amounts
Balance b/f $1,150
Bad debts. $3,955
Total. $5,105
Therefore, the amount of bad debts recognized during the year is $3,955
Apr. 2 Purchased $4,600 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point.
3 Paid $300 cash for shipping charges on the April 2 purchase.
4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $600.
17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise.
18 Purchased $8,500 of merchandise from First Corp. with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination.
21 After negotiations, received from Frost a $500 allowance toward the $8,500 owed on the April 18 purchase.
28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount.
Required:
Prepare journal entries to record the above transactions for a retail store. Assume a perpetual inventory system.
Answer:
Apr-02
Dr Purchase $ 4,600
Cr Accounts payable-Lyon $ 4,600
Apr-03
Dr Transportation - in $ 300
Cr Cash $ 300
Apr-04
Dr Accounts payable-Lyon $ 600
Cr Purchase returns & Allowances $ 600
Apr-17
Dr Accounts payable-Lyon $ 4,000
Cr Purchase discount$ 80
Cr Cash $ 3,920
Apr-18
Dr Purchase $ 8,500
Cr Accounts payable-Frist corp. $ 8,500
Apr-21
Dr Accounts payable-Frist corp. $ 500
Cr Purchase returns & Allowances $ 500
Apr-28
Dr Accounts payable-Frist $8,000
Cr Purchase discount$ 160
Cr Cash $7,840
Explanation:
Preparation of the journal entries to record the above transactions for a retail store. Assume a perpetual inventory system.
Apr-02
Dr Purchase $ 4,600
Cr Accounts payable-Lyon $ 4,600
(Being To record purchase merchandise from Lyon company )
Apr-03
Dr Transportation - in $ 300
Cr Cash $ 300
(Being To record shipping charges paid on above purchase )
Apr-04
Dr Accounts payable-Lyon $ 600
Cr Purchase returns & Allowances $ 600
(Being To record purchase return to Lyon company )
Apr-17
Dr Accounts payable-Lyon $ 4,000
($4,600 -$600)
Cr Purchase discount$ 80
{($4600 - $600)* 2% }
Cr Cash $ 3,920
($ 4,000 -$ 80 )
(Being To record cash paid to Lyon company for above purchase )
Apr-18
Dr Purchase $ 8,500
Cr Accounts payable-Frist corp. $ 8,500
(Being To record purchase merchandise from Frist corp. )
Apr-21
Dr Accounts payable-Frist corp. $ 500
Cr Purchase returns & Allowances $ 500
(Being To record received allowance on above purchase)
Apr-28
Dr Accounts payable-Frist $8,000
($8,500 -$500)
Cr Purchase discount$ 160
{($8,500 -$500)*2%}
Cr Cash $7,840
($ 8,000 -$ 160 )
(Being To record cash paid to Frist corp. for above purchase )
Direct labor or machine hours may not be the appropriate cost driver for overhead in all areas of manufacturing due to the complexities of many manufacturing processes. Many companies use activity-based costing (ABC) which uses multiple drivers (items that consume resources) rather than just one driver to apply overhead to their activities. With ABC, a company can use a cost driver that has a direct cause/effect relationship in its applied overhead costs.
Waterways looked into ABC as a method of costing because of the variety of items it produces and the many different activities in which it is involved.
Using the following information, determine the overhead rates and the actual cost assigned for each of the activity cost pools in a possible ABC system for Waterways. (Round answers to 2 decimal places, e.g. 12.25.)
WATERWAYS CORPORATION
Activity Cost
Pools Cost Drivers Estimated
Overhead Expected
Use of Cost
Drivers per
Activity Actual Use of
Drivers
Irrigation installation Labor cost $1,998,432 12,960 12,941
Machining (all machine use) Machine hours 1,670,400 33,408,000 33,409,000
Customer orders Number of orders 30,636 2,553 2,520
Design Cost per design 820 8 7
Selling Number of sales calls 350,400 21,900 22,100
WATERWAYS CORPORATION
Activity Cost
Pools Activity-
Based
Overhead
Rates Actual
Cost
Assigned
Irrigation installation $
$
Machining (all machine use)
Customer orders
Design
Selling
How would you classify each of the following activities by level—unit level, batch level, product level, or facility level?
Testing of products (if all items are tested)
BatchProductFacilityUnit
Testing of products (if all items are not tested)
BatchFacilityUnitProduct
Designing new products
FacilityUnitBatchProduct
Packaging
BatchProductFacilityUnit
Molding
FacilityUnitProductBatch
Assembling
UnitFacilityBatchProduct
Depreciation
ProductBatchFacilityUnit
Machine maintenance
UnitBatchProductFacility
Advertising
ProductUnitFacilityBatch
Equipment setups
ProductBatchFacilityUnit
Electricity required to run equipment
BatchProductFacilityUnit
Requisitioning materials
UnitProductFacilityBatch
Answer:
WATERWAYS CORPORATION
a.
Activity Cost Overhead Actual Cost
Pools Activity- Rates Assigned
Based
Irrigation installation $ 154.20 $1,995,502.20
Machining (all machine use) $0.05 1,670,450.00
Customer orders $12 30,240.00
Design $102.50 717.50
Selling $16 353,600.00
b. Classification of activities by level:
Activities Levels
Testing of products (if all items are tested) Unit
Testing of products (if all items are not tested) Batch
Designing new products Product
Packaging Unit
Molding Product
Assembling Batch
Depreciation Facility
Machine maintenance Unit
Advertising Product
Equipment setups Batch
Electricity required to run equipment Facility
Requisitioning materials Unit
Explanation:
a) Data and Calculations:
WATERWAYS CORPORATION
Activity Cost Estimated Expected Actual Use
Pools Cost Drivers Overhead Use of Cost of Drivers
Drivers per
Activity
Irrigation installation Labor cost $1,998,432 12,960 12,941
Machining Machine hours 1,670,400 33,408,000 33,409,000
Customer orders No. of orders 30,636 2,553 2,520
Design Cost per design 820 8 7
Selling No. of sales calls 350,400 21,900 22,100
Overhead Rates:
Irrigation $1,998,432/12,960 = $154.20 per DLH
Machining 1,670,400/33,408,000 = $0.05 per machine hour
Customer orders 30,636/2,553 = $12 per order
Design 820/8 = $102.50 per design
Selling 350,400/21,900 = $16 per sales call
Activity Cost Overhead Actual Cost
Pools Activity- Rates Assigned
Based
Irrigation installation $ 154.20 $1,995,502.20 ($154.20*12,941)
Machining (all machine use) $0.05 1,670,450($0.05*33,409,000)
Customer orders $12 30,240 ($12*2,520)
Design $102.50 717.50($102.50*7)
Selling $16 353,600($16*22,100)
b) Levels of Activity:
Unit-level activities: At this level, the costs are concerned with direct materials, direct labor, and machine maintenance.
Product-level activities are specific to a product.
Batch‐level activities require a group (batch) of units to be produced or some processes performed together.
Facility-level activities are support activities required for the development and production of goods and services. They are organization-wide.
A local university has a goal of raising $500,000 for an escrow account. Their fund-raising committee has committed to raising $5,000 a month until they reach their goal. These funds are deposited into an interest-bearing account that earns interest at the rate of 8 percent per year compounded monthly. The first deposit is made at the end of the current month. How many months (aka how many deposits) can the committee expect to continue their fund-raising campaign
Answer: 77 months
Explanation:
Use the NPER function on Excel to find the answer.
Rate is compounded monthly so:
= 8% / 12
= 0.66667%
Payment = 5,000 per month
Present value = $0
Future value = 500,000
Value should be = 76.87 months
= 77 months
6 . How shifts in demand and supply affect equilibrium Consider the market for pens. Suppose that the number of students with an allergy to pencil erasers increases, causing more students to switch from pencils to pens in school. Moreover, the price of ink, an important input in pen production, has increased considerably.
Answer:
Suppose that the number of students with an allergy to pencil erasers increases, causing more students to switch from pencils to pens in school.
This will shift the demand curve to the right, increasing the total demand at all price levels.Moreover, the price of ink, an important input in pen production, has increased considerably.
This will shift the supply curve to the left, increasing the price of pens at every demand level.What is sure is that the price of pens will increase. It is likely that the quantity demanded increases, but the extent by which the quantity demanded will increase is unknown.
In 2019, Mr. Smith purchased a principal residence for $1,500,000. He made a down payment of $300,000 and financed the remainder by borrowing $1,200,000 through a loan secured by the residence. In 2019, Mr. Smith paid interest that accrued on the indebtedness during that year. He had no other debt secured by the residence. May he deduct the entire amount of interest which was paid on the home loan
Answer:
Following are the solution to the given question:
Explanation:
Article 163(a) enables with all interest charged as well as accumulated throughout the obtainable year as rationale. On something like a duty. Not from having to stand, area 163(h)(1) for individuals continues to refuse an inference.
Definitely competent house involvement is not really a person under Segment 163(h)(2)(D). In Section 163(h)(3)(a) characterizes skilled optimism even though paid or charged interest. Recovering for a guaranteeing responsibility or house price responsibility guaranteed by taxable year Each consumer's competent going to dwell.
Even though optimism for both the supply chain responsibility under sentence 163(h)(3), a public servant may deduct (B) Accrued interest on 1,000,000 of the 1200,000 bond that used highlight the entire living in 2009 Agreement. In getting a competent living situation, the 1200,000 responsibility has been obtained Taxpayer as well as living agreements have been secured. In the this way: 1,000,000 is obligatory Obtained under 163(h)(3) as a supply chain obligation (B).
dentify which of the following statements is true. Group of answer choices The gift tax exclusion is available only for a gift of a present interest. A purpose of the annual exclusion is to eliminate the necessity of accounting for and reporting small gifts such as those made for weddings and Christmas. A present interest is an unrestricted right to the immediate use, possession, or enjoyment of property or the income from property. All of the above are true.
Answer:
Option D (All of the above are true) would be the right approach.
Explanation:
Future rewards of involvement aren't really able to qualify for allowance from taxation on presents as well as exclusions. Thus, only gifts of even more present involvement were also eligible to claim exemption on presents. This same sets up exemption has been tasked with the responsibility of eliminating the financial statements of thoughtful gifts besides formal events, and so much more.Present interest seems to be a responsibility which really characterizes this same authority for using, possess as well as appreciate the possessions or its earnings instantaneously. So all the points are valid.
Jackson, Inc. produces two different products (Product 5 and Product Z) using two different activities:Machining, which uses machine hours as an activity driver, and Inspection, which uses a number of batches as an activity driver. The cost of Machining is $255,000, while the cost of Inspection is $35,000. Product 5 uses 33% of total machine hours and 65% of total batches.What is the total Inspection cost assigned to Product Z?(a) $12,250(b) $17,500(c) $84,150(d) $170,850
Answer:
Inspection costs allocated= $12,250
Explanation:
Giving the following information:
The cost of Machining is $255,000, while the cost of Inspection is $35,000. Product 5 uses 33% of total machine hours and 65% of total batches.
First, we need to determine the allocation rate of Inspection for Product Z:
Allocation rate Product Z= 1 - Product 5 use of batches
Allocation rate Product Z= 1 - 0.65
Allocation rate Product Z= 0.35
Now, we can allocate Inspection costs:
Inspection costs allocated= 35,000*0.35
Inspection costs allocated= $12,250
Explain how each of the following is presented in a multiple-step income statement. Sale of marketable securities at a loss. Adjusting entry to create (or increase) the allowance for doubtful accounts. Entry to write off an uncollectable account against the allowance. Adjusting entry to increase the balance in the marketable securities account to a higher market value.
Answer:
Presentation of a Multiple-step Income Statement
1. Sale of marketable securities at a loss.
In the non-operating section of the income statement
2. Adjusting entry to create (or increase) the allowance for doubtful accounts.
In the operating section of the income statement
3. Entry to write off an uncollectible account against the allowance.
In the operating section of the income statement
4. Adjusting entry to increase the balance in the marketable securities account to a higher market value.
In other comprehensive income section of the income statement
Explanation:
The sale of marketable securities at a loss gives rise to a realized loss. This is recorded in the non-operating section of the income statement after the operating section. Items 2 and 3 are recorded in the operating section of the income statement, as they relate to the entity's normal operations. Item 4 refers to an unrealized gain. This is recorded in the other comprehensive income section just as unrealized losses. The other comprehensive income section shows the comprehensive income and expenses, which refer to changes in equity that originate from non-operating sources.