The chosen industry for research is the banking industry, and the three companies selected are Citigroup, JPMorgan Chase, and Bank of America. During the 2008 financial crisis, these banks faced significant challenges and implemented different approaches to weather the storm.
Citigroup faced significant losses due to its exposure to subprime mortgages. The company received a $45 billion bailout from the U.S. government and underwent restructuring measures to strengthen its capital base and risk management practices. Citigroup made changes to its business model and divested non-core assets to focus on core banking activities.
JPMorgan Chase managed the crisis relatively well compared to its peers. It acquired troubled institutions like Bear Stearns and Washington Mutual, which helped solidify its market position. JPMorgan Chase also benefited from its diverse business model and robust risk management practices. The company made internal changes to enhance risk controls and tightened lending standards.
Bank of America faced significant challenges due to its acquisition of Countrywide Financial, which had substantial exposure to subprime mortgages. Bank of America received a $45 billion bailout and faced legal and regulatory scrutiny. The company undertook cost-cutting measures, sold non-core assets, and improved risk management practices.
To be prepared for another potential financial crisis, these companies have implemented several changes. They have strengthened their capital positions, improved risk management practices, and enhanced regulatory compliance. They have also diversified their revenue streams and focused on building more resilient and sustainable business models.
Overall, while each of the three banks faced challenges during the 2008 financial crisis, their responses and outcomes varied. Citigroup and Bank of America required significant government support and implemented strategic changes to recover, while JPMorgan Chase fared relatively better due to its proactive approach and strong risk management practices. These companies have since made changes to be better prepared for future crises by prioritizing capital strength, risk management, and operational resilience.
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which of the following have managers around the world agreed on as one of their most important tasks? group of answer choices communication conveying vision and goals understanding the environment long-term planning organizational effectiveness
Managers around the world have agreed on communication as one of their most important tasks.
Effective communication is crucial for managers to convey their vision and goals, understand the environment they are working in, plan for the long term, and ensure organizational effectiveness. Without clear communication, employees may misunderstand their tasks or goals, leading to inefficiencies and missed opportunities. Additionally, effective communication helps to build trust and engagement among team members, which is essential for achieving organizational success. Therefore, managers must prioritize communication as a critical task in their day-to-day operations.
Effective communication helps managers in conveying vision and goals, understanding the environment, long-term planning, and ensure organizational effectiveness.
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what is the index that tracks the top 500 u.s. stocks?
Answer: The S&P 500 Index
Explanation:
A 50-year old customer is in a very low tax bracket. She lives in a state that has one of the highest income tax rates. The customer is seeking income and preservation of capital. She has a 10 year investment time horizon. The best r
ecommendation would be a 10 year maturity:__________
a. Treasury Bond
b. investment grade corporate bond
c. investment grade municipal bond
d. Treasury STRIPS
Answer:
b. investment grade corporate bond
Explanation:
Credit rating is used to show the reliability of a security. The Investment Grade is a credit rating the is low risk bond. There is low possiblity of default on this type of investment.
Medium rating of A and BBB represent the investment grade corporate bond.
This is an attractive investment for the more conservative investor.
This is an ideal investment choice for the 50-year old customer with very low tax bracket, in a state with high income tax rates. So she is seeking income and preservation of capital.
The best recommendation for the 5o-year-old customer would be 10- year maturity that is known as an investment-grade corporate bond.
Bonds rated "investment-grade" are considered to just have positive significant credit ratings and a low risk of default. Top companies may benefit from their status as investment-grade credits, resulting in lower interest rates.
A corporate or municipal bond with an investment-grade rating has a relatively low risk of default. Companies with a "AAA" rating are considered the least likely to default, according to Standard and Poors.
Businesses that Moody deems to be the least probable to happen start receiving an "Aaa" rank.
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It is common practice among currency traders worldwide to both price and trade currencies against the U.S. dollar. Consider a currency dealer who makes a market in 5 currencies against the dollar. If he were to supply quotes for each currency in terms of all of the others, how many quotes would he have to provide?
A) 36.
B) 30.
C) 60.
D) 120.
E) none of the options.
you just took out a $12,000 loan for your small business. the loan has a four-year term and repayment is in the form of four equal end-of-year payments. the interest rate on the loan is 11.5%. consider the final loan payment. how much interest do you pay in the final payment?
The amount of interest in the final payment can be calculated by multiplying the outstanding balance of the loan at the end of the third year by the interest rate.
First, let's calculate the equal end-of-year payments:
$12,000 / 4 = $3,000
Next, let's calculate the interest in the first three payments:
$12,000 * 11.5% = $1,380
$12,000 - $3,000 = $9,000
$9,000 * 11.5% = $1,035
$9,000 - $3,000 = $6,000
$6,000 * 11.5% = $690
Finally, let's calculate the interest in the final payment:
$6,000 * 11.5% = $690.
So the interest in the final payment is $690.
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if the government determines whether you get an apartment, you are most likely living in a [1] economy. In a [2] society, the government controls the resources. In a [3] society, the community in theory is supposed to control the resources, but in reality, the [4] does.
[1]- a. command
b. market
c. traditional
[2]- a. capitalist
b. communist
c. socialist
[3]- a. capitalist
b. communist
c. socialist
[4]- a. government
b. individual
c. market
Answer:
1. a. Command
2. c. Socialist
3. b. Communist
4. a. Government
Explanation:
"If the government determines whether you get an apartment, you are most likely living in a Command economy. In a Socialist economy, the government controls the resources. In a Communist society, the community, in theory, is supposed to control the resources, but in reality, the Government does."
1. A command economy is a type of economy where the government determines what is produced when it is produced, the quantity, as well as the price at which commodities are produced. The government also determines other activities in the economy such as the assignment of living spaces as well as the investments in the economy.
2. A socialist economy is an economy where goods are produced for consumption and are distributed to ensure equity by a centrally placed authority, which is the government.
3. A communist society according to Karl Marx is a classless society where all the resources belong to the entire community and properties are not owned by private individuals. In reality, though, the government actually controls the resources in this type of society. China is a country that practices communism.
A government spends money in order to:
O A. make sure government programs can function properly.
B. influence which products will be available to U.S. consumers.
C. prevent foreign businesses from competing with U.S. companies.
O D. decide what each employee at a U.S. company will be paid. SUBMIT
Answer:
A. make sure government programs can function properly.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
The main reason for government spending such as building public schools, power supply, water, development of infrastructures, etc., is to ensure and facilitate the proper functioning of all government programs.
Hence, the government of a particular country is saddled with the responsibility of spending on basic projects or programs so as to create a sustainable, growing and efficient economy for its citizens.
Conduct research regarding the law or legal issues affecting operational policies as related to supply chain and logistics.
Prepare a formal business report for your current supervisor (or a past supervisor). This report will compare and contrast how a specific law or legal issue affects operational policies through supply chain and logistics considerations. Your report should be completed as if being prepared for your current employer, or a previous employer.
If law or legal issues affecting operational policies as related to supply chain and logistics is not a topic of consideration for your current or past organization, complete this assignment as if you did work for an organization for which law or legal issues were relevant.
Your answer should be at least 500 words in length (double-spaced).
In today's world, supply chain and logistics have become an essential aspect of the business. They are crucial for the success of any business, and it is essential to ensure that they are operating smoothly.
Therefore, it is necessary to conduct research regarding the law or legal issues affecting operational policies as related to supply chain and logistics.The Uniform Commercial Code (UCC) is one such legal issue that affects operational policies through supply chain and logistics considerations. It is a comprehensive set of laws that govern commercial transactions in the United States.
In conclusion, the UCC and the FMCSA regulations are just a few examples of legal issues that can affect operational policies through supply chain and logistics considerations. It is essential to ensure that organizations comply with these laws and regulations to ensure that they operate smoothly. The law or legal issue affecting operational policies through supply chain and logistics considerations is a vital aspect of any organization, and it is essential to stay informed and up-to-date on the latest developments.
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A low-cost provider strategy becomes increasingly appealing and competitively powerful when.
A low-cost provider strategy is said to be more increasingly appealing and competitively powerful only when it is difficult to achieve product differentiation in ways that have value to buyers.
What is Low-Cost Provider Strategy?A low-cost provider is known to be a method used when one aim or try to seeks to sell its products at the lowest price possible.
It is often done while still making a profit so that it can appeal to customers and make them to come to the market. It is known to often appeal to a broad market.
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A fixed asset with a cost of $30,000 and accumulated depreciation of $28,500 is sold for $3,500. What is the amount of the gain or loss on disposal of the fixed asset?.
The amount of the gain or loss on disposal of the fixed asset is $2,000.
Gain or loss on disposalFirst step
Book Value = Original Cost of Equipment - Accumulated Depreciation
Book Value = $30,000 -$28,500
Book value= $1,500
Second step
Gain=Sale Price -Book Value
Gain=$3,500-$1,500
Gain=$2,000
Inconclusion the amount of the gain or loss on disposal of the fixed asset is $2,000.
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If a new shirt costs $34.99 and the sales tax is $2.10, the sales tax rate is?
Answer:
6%
Explanation:
sales tax 2.10 divided by shirt cost will give you the sales tax rate
2.10/34.99 = .0600 or 6%
Answer:
The answer is C) 6 percent
Explanation:
Select the correct answer. Which utility applies to a company that educates customers about its products' features? OA form utility O B. knowledge utility O C. possession utility D. place utility O E. price utility Reset Next
Answer:place utility
Explanation:
Utility applies to a company that educates customers about its products' features is possession utility. Thus the correct option is C.
What is a product?A product is referred to as a finished good distributed in the market to serve the customers. This product is tangible in nature which consumers can see, touch and utilize.
Possession utility measures the degree of usefulness or perceived value a consumer gets from owning a certain product. Companies must make their products easier to own because this increases the product's perceived value.
Therefore, option C possession utility is the appropriate answer.
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John from sales has just sent you an e-mail. He needs a decision made on the Johnson account as soon as possible. You can make the decision, but you feel like you’d like to ask your boss for her advice. Unfortunately, she is in a business meeting, and the decision needs to be made very soon. You decide to take the initiative and ______.
a.
Interrupt your boss to make the decision
b.
Ask a coworker to make the decision
c.
Wait to make the decision
d.
Make the decision
Answer:
D. Make the decision
Explanation:
The decision needs to be made as soon as possible. Answers B and C both require extra time, which is not an option here. That leaves A and D as possibilities. Answer A makes the least sense of the 4 options (as it would be extremely unprofessional to interrupt a meeting), leaving D as the only reasonable choice.
Marta is twenty eight years old, and she has no dependents. She has saved an emergency fund and an extra $1,500.
She would like to save or invest this money in hopes that it will grow fast. Marta does not mind taking risks with her
money. Which type of account or investment is best for her?
fifteen-year savings bond
IDA
mutual fund
basic savings account earning 1.3 percent Interest, compounded monthly
Answer:
Mutual Fund
Explanation:
Mutual fund is a type of investment where professionals managed a pooled sum money contributed by different investors. These funds are invested into buying stocks , bonds other securities towards profit making.
It has its advantages in professional management , shared risks, dividends reinvestment and convenience. However , the disadvantages include poor trade execution ,potential for management bias and high fees.
Answer:
The correct answer would be a basic savings account earning 1.3% interest, compounded monthly.
Explanation:
Taking into account that Marta does not like taking risks with her money and does not have an emergency fund she should not invest in stocks. She also wishes to use her money within 18 months, so a fifteen-year savings bond would not be a great choice.
A mutual fund is a collection of money from a group of investors to buy different investments. This choice will also not work well for Marta.
An IDA is an individual development account for low-income families to save towards a targeted amount usually used for building assets in the form of home ownership, post-secondary education and small business ownership. Not a great account for a single person with no dependants.
$1,500 at 1.3% interest, compounded monthly after 18 months equals about $1,520. Even though Marta won't be earning a huge amount of money, she will still earn some. Since she doesn't have an emergency fund and doesn't like risks, a basic savings account earning 1.3% interest, compounded monthly will be the right choice for her.
I have an interview on Thursday how do i answer the question “ Tell me about yourself” and “ Why do you want to work here”
YOOO I NEED HELPPP I'LL GIVE YOU 30 POINTS
As you learned in Unit 3, when it comes to finding and obtaining a career, there are a variety of skills that employers look for. But, what skills are really the most important? And what specific steps do you need to take in order to give yourself the best chance of being hired for the position you want?
Depending on who you talk to (or what you read), you will likely get different answers to these questions. Of course, that can be confusing which is why, for this activity, you will be examining different perspectives on essential workplace skills and the steps you need to take to obtain the job you want. By comparing and contrasting differing perspectives, you will also become better able to identify whether conflicting perspectives are based on fact or interpretation.
Part I
For this part of the activity, you will be looking at two different author’s perspectives on workplace skills and creating a written response that analyzes, compares, and contrasts these viewpoints.
Browse through the text choices and select two to use for this activity.
Most Important Business Skills for Workplace Success
The Top Skills for the Modern Workplace
10 Workplace Skills That Will Help Our Learners Succeed Beyond School
Communication Skills for Workplace Success
Specifically, in your response you should:
Compare and contrast the two authors’ differing opinions regarding the steps needed to obtain your desired job and/or the most important workplace skills for success.
Identify where the two articles/texts provide conflicting views or information and analyze whether you believe the conflicting information is based on fact or interpretation.
Cite any inferences that you draw from either/both texts on workplace skills necessary for success.
Be sure to cite any textual evidence that supports your claims, inferences, or thoughts on these two texts.
Part 2
For the second part of this activity, write a brief response to the following situation:
You sit down to complete the above activity for Unit 3 when you realize your internet is down. You cannot access any of the required texts that you need to complete the activity and unfortunately, it is due tomorrow morning! You find yourself faced with a difficult decision—what do you do?
You could simply throw up your hands and do nothing, which will likely result in you receiving a zero for this assignment. But that doesn’t seem like the best choice. Instead, please come up with a healthier alternative choice that you could make.
Briefly describe your alternative choice and why it is a healthier and wiser option than simply doing nothing. Also, discuss other possible workplace situations where you may be required to choose between healthy and unhealthy alternatives when met with difficult decisions.
Answer:
im in 7th grade trying to help so heres my answer
Explanation:
Another possible work place is somewhere where there would be a healthier place other places may pay more but its not worth it after some time you'll have alot of money and health. A place you should work at is a place where youll be safe and health such as a well secured workplace for example a gardener for such people or maybe a selling homes person or artist seller or a dream job but always think of health and saftey and wear a mask and gloves to avoid germs.
in making inventory decisions, the purpose of the basic eoq model is to
In making inventory decisions, the purpose of the basic EOQ (Economic Order Quantity) model is to determine the optimal order quantity that minimizes the total cost of inventory. The EOQ model helps in finding the balance between the carrying cost (cost of holding inventory) and the ordering cost (cost of placing an order) to achieve the most cost-effective inventory management.
The EOQ model assumes that demand is constant and known, there are no order quantity discounts, and the lead time for replenishment is constant. By considering these factors, the model calculates the order quantity that minimizes the total cost associated with inventory, including holding costs and ordering costs. The key objective of the EOQ model is to strike a balance between the costs of carrying inventory (such as storage costs, obsolescence costs, and opportunity costs) and the costs associated with ordering (such as order processing costs, transportation costs, and setup costs). By determining the optimal order quantity, the EOQ model helps in reducing excess inventory levels, avoiding stockouts, and optimizing inventory management to minimize costs.
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if the monthly interest rate is 1,00% what montyly annuity payment can the firm offer to the retiring professor
a. The monthly interest rate on the annuity is approximately 0.35%, and the effective annual rate is approximately 4.24%.
b. The effective annual interest rate is also approximately 4.24%.
c. If the monthly interest rate is 1.00%, the firm can offer a monthly annuity payment of approximately $608.75.
a. To calculate the monthly interest rate, we divide the monthly payment of $575 by the initial payment of $79,000 and convert it to a percentage. This gives us a monthly interest rate of approximately 0.35%. The effective annual rate is calculated by compounding the monthly interest rate for 12 months, resulting in an effective annual rate of approximately 4.24%.
b. Since the monthly interest rate is also the same as the effective monthly interest rate, the effective annual interest rate remains approximately 4.24%.
c. To calculate the monthly annuity payment, we use the formula for the present value of an annuity. We divide the initial payment of $79,000 by the monthly interest rate of 1.00% and calculate the annuity payment. This results in a monthly annuity payment of approximately $608.75.
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The complete question is:
Professor's Annuity Corp. offers a lifetime annuity to retiring professors. For a payment of $79,000 at age 65, the firm will pay the retiring professor $575 a month until death.
a. If the professor's remaining life expectancy is 20 years, what is the monthly interest rate on this annuity? What is the effective annual rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
b. What is the effective annual interest rate? (Use the monthly rate computed in part (a) rounded to 2 decimal places when expressed as a percent. Enter your answer as a percent rounded to 2 decimal places.)
c. If the monthly interest rate is 1.00%, what monthly annuity payment can the firm offer to the retiring professor? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Safety and self-actualization are examples of
a. credibility appeals
b. emotional appeals
C.
selective appeals
d.
logical appeals
Answer:
b
Explanation:
An emotional appeal is a method of persuasion that is designed to create an emotional response. Emotion -phatos in Greek, is one of the three modes of persuasion identified by the well-known philosopher Aristotle. Emotional appeals are meant to manipulate emotions in an audience.
Emotional appeals are used by means of communication. For instance, when a news TV show relates a new on the rise of crime in a given state it causes insecurity in the audience or when an ad on social media prompts information on new technology it creates the need for updating our knowledge so the audience understands what that is about
Answer:
b. emotional appeals
Explanation:
took the test :)
when a salesperson responds quickly to a service failure and delights the customer with the outcome, it is called
When a salesperson responds quickly to a service failure and delights the customer with the outcome, it is called "service recovery."
Service recovery is the process of taking action to correct a service failure and make things right with the customer. This can include apologizing for the mistake, finding a solution to the problem, and offering compensation or incentives to the customer.
Service recovery is important because it can help to restore the customer's trust in the company and improve their overall satisfaction with the service. It also provides an opportunity for the company to learn from the mistake and improve their processes to prevent similar issues from happening in the future.
Overall, effective service recovery can have a positive impact on the customer experience and the company's reputation. By responding quickly and taking the necessary steps to resolve the issue, salespeople can turn a negative situation into a positive one and create loyal customers who are more likely to recommend the company to others.
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A customer purchased 1 January 220 Standard & Poor's 100 index call for a premium of 5 when the Standard & Poor's 100 is trading at 219. The required deposit for this position is:
The customer purchased 1 January 220 Standard & Poor's 100 index call with a premium of 5 when the Standard & Poor's 100 is trading at 219.
The required deposit for this position is calculated by multiplying the premium by the contract multiplier. In the case of the Standard & Poor's 100 index options, the contract multiplier is usually 100. So, we have:
1 (number of contracts) x 5 (premium per contract) x 100 (contract multiplier) = 500
The required deposit for the customer's position is $500.
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Describe three ways in which being a student is like being a wage earner
Answer:
Being a full-time student has quite a few similarities to being an employee, especially in the following characteristics:
1- The existence of a schedule to meet. While employees must meet a schedule in their respective jobs, students must attend their previously scheduled classes, in addition to meeting a minimum study schedule per day.
2- It is the main activity of each person. While employees spend between 8 and 10 hours of their day at work, students also spend part of their day busy with study activities, between trips, classes, studies, practical work, etc. In both cases, recreational activities are secondary to your primary obligations.
3- The economic appreciation of their activities. Employees get a salary for their work activity, while students do not get a salary but they do get knowledge, which will be economically valuable once they graduate.
What is the advantage of renting the apartment over buying a home? Check all that apply. Repairs and maintenance costs are not Sasha's responsibility. Utilities, such as electricity and water, are included in Sasha's rent payment. Sasha's up-front costs will be lower, allowing her to keep her savings. Sasha's monthly costs will be lower. Sasha will make money if the value of the apartment increases.
Answer:
Repairs and maintenance costs are not Sasha's responsibility.
Sasha's up-front costs will be lower, allowing her to keep her savings.
Sasha's monthly costs will be lower
Explanation:
The advantage of renting the apartment over buying a home are that:
• Repairs and maintenance costs are not Sasha's responsibility - The repair and maintenance cost goes to the home owner and not Sasha since she just rented the house. The owner who bought the house bears the cost.
• Sasha's up-front costs will be lower, allowing her to keep her savings. - Her upfront cost will be lower and she can use the money which might have been used for house repair or maintenance to do other things.
Sasha's monthly costs will be lower - There'll be also be a reduction in the amount she spends every month.
The other options such as "Sasha will make money if the value of the apartment increases". and "Utilities, such as electricity and water, are included in Sasha's rent payment" aren't advantages of renting the apartment.
Answer:
Answers 1, 3, and 4.
Explanation:
Option 1: Repairs and maintenance costs are not Sasha’s responsibility.
Option 3: Sasha's up-front costs will be lower, allowing her to keep her savings.
Option 4: Sasha's monthly costs will be lower.
a commuter railway has 800 passengers per day and charges each one two dollars per day. for each 1 cents that the fare is increased, 5 fewer people will go by train. what is the greatest profit that can be earned?
The biggest profit that can be made is $ 4,050 with 450 passengers.
To know how many passengers the train needs to obtain the greatest profit, it is necessary to carry out the following operation.
Subtract 5 passengers from the total passengers, and then multiply the result by $ 2.1 as shown below:800 - 5 = 495795 x $ 2.1 = $ 1,680This operation must be carried out repeatedly, decreasing by 5 passengers and increasing the value of the railway ticket by $ 0.1.
The highest value of gain that can be found with this procedure is as follows:
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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carlos has a physical store and doesn't have the ability to sell his products online. but he still advertises online and wants to measure how effective his online ads are in driving new customers in-store and generating new sales. what is the best way for carlos to achieve this within ads?
Importing offline conversions is the right solution. If Carols advertises online and wants to know how efficient his online advertisements are at bringing in new clients, he must import offline conversion ads.
What is called importing?Imports are goods or services acquired in one country but made in another. Imports and exports comprise international trade. When the value of a country's imports exceeds the value of its exports, it has a negative trade balance, also known as a trade deficit.
An import is a product or service manufactured elsewhere that is purchased in your native nation.Imported goods and services are appealing when indigenous industries are unable to provide comparable goods and services inexpensively or effectively.Tariff schedules and free trade agreements frequently influence which items and resources are less expensive to import.Economists and policy specialists disagree on the benefits and drawbacks of imports.To learn more about international trade, click
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uestion 12 O out of 2 points What does the slope of a logistic curve indicate?
The slope of a logistic curve is an important indicator of the growth rate of a population. Specifically, the slope of the curve at any given point indicates the rate of change of the population at that point in time.
In the early stages of growth, the slope of the logistic curve is steep, indicating a rapid increase in population size. However, as the population reaches its carrying capacity, the slope becomes less steep, indicating a slower growth rate as the population approaches its maximum limit.
The slope of the logistic curve is also used to determine the point at which the population reaches its carrying capacity. This is where the slope of the curve approaches zero, indicating that the population has reached its maximum sustainable size.
Understanding the slope of a logistic curve is important for predicting the future growth of a population, as well as for managing populations that may be experiencing overgrowth or decline. By monitoring the slope of the curve, scientists and policymakers can make informed decisions about how best to manage populations and ensure their long-term sustainability.
In summary, the slope of a logistic curve is an important indicator of the growth rate of a population and is used to predict future growth and manage populations sustainably.
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Explain the difference between the common misconception people have about tax brackets and how they actually work
Answer:
Tax brackets misconception is that it defines how much tax will be paid by an individual but this is not true. It only determines the rate of tax which will be applied to the individual for his income.
Explanation:
The tax bracket is determined for an individual based on his salary. After the computation of taxable income tax brackets are selected and rate is applied which ever tax bracket falls correctly. The tax rate applied to the taxable incomes gives the tax amount which is to be paid by an individual.
Prepare entries to record the following: a. Issued 1,000 shares of $10 par common stock at $59 for cash. If an amount box does not require an entry, leave blank or enter "0". b. Issued 1,400 shares of $10 par common stock in exchange for equipment with a fair market price of $60,000. If an amount box does not require an entry, leave it blank or enter "0" c. Purchased 100 shares of treasury stock at $32 d. Sold the 100 shares of treasury stock purchased in (c) at $42. If an amount box does not require an entry, leave it blank or enter "0"
The journal entries for each transaction are:
a) Cash $59,000
Outstanding shares $10,000
Gain on sales of outstanding shares $49,000
b) Equipment $60,000
Outstanding shares $14,000
Gain on exchange of oustanding shares $46,000
c) Treasury stock $3,200
Cash $3,200
d) Cash $4,200
Treasury stock $3,200
Gain on sale of treasury stock $1,000
Let's discuss the journal entries for every transaction:
a. Issue of 1,000 shares of $10 par common stock at $59 for cash.
Cash $59,000
Outstanding shares (1,000 X $10 par) $10,000
Gain on sales of outstanding shares $49,000
b. Issue of 1,400 shares of $10 par common stock for equipment with a fair market price of $60,000
Equipment $60,000
Outstanding shares (1,400 x $10 par) $14,000
Gain on exchange of oustanding shares $46,000
c. Purchased 100 treasury stock at $32, We assume this transaction is done in cash
Treasury stock $3,200
Cash $3,200
d. Sold the 100 treasury stock purchased in (c) at $42
Cash $4,200
Treasury stock (100 x $32) $3,200
Gain on sale of treasury stock $1,000
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What must happen before significant decisions are made?
O Analyses are performed.
Customers are asked for feedback.
O Managers are consulted.
O Employees share ideas with supervisors.
Answer:
O Analyses are performed.
Explanation:
I think