Lowell Inc. just purchased a new tractor. Assume that the firm planned to depreciate the tractor equally over 7 years on a straight-line basis, but Congress then passed a provision that requires the company to depreciate the equipment equally on a straight-line basis over 5 years. Other things held constant, which of the following will occur as a result of this Congressional action? Assume that the company uses the same depreciation method for tax and stockholder reporting purposes.
a. Lowell's tax liability for the year will be higher.
b. Lowell's tax liability for the year will be lower.
c. Lowell's cash position will decrease.
Answers
What will occur as a result of Congressional action is b. Lowell's tax liability for the year will be lower.
When Congress passed a provision requiring the company to depreciate the equipment equally over 5 years instead of 7 years, it means the company can claim higher depreciation expense each year for tax purposes.
By depreciating the tractor over a shorter period, Lowell will be able to deduct a larger portion of the tractor's cost from its taxable income each year. As a result, the company's taxable income will decrease, leading to a lower tax liability for the year.
The cash position of the company, as mentioned in option c, would not necessarily decrease as a direct result of the change in depreciation period. The cash position would depend on various other factors such as operating activities, investments, and financing decisions.
Therefore the correct option is b. Lowell's tax liability for the year will be lower.
Learn more about Congressional action:https://brainly.com/question/30871820
#SPJ11
Related Questions
Coach Sieb Has a treadmill desk. Walking on the treadmill will break down her triglyceride Levels 90% faster what is the percent that it breaks down while sitting
Answers
Answer:
0%
Explanation:
Base on the scenario been described in the question, where we saw coach Seib has 90% faster breaking her triglyceride Levels while working, when sitting, she has a 0% of breaking her triglyceride Levels because no movement, there will be no breakdown in the triglyceride Levels
Derek will deposit $1,975.00 per year into an account starting today and ending in year 25.00. The account that earns 5.00%. How much will be in the account 25.0 years from today? Submit Answer format: Currency: Round to: 2 decimal places.
Answers
The account balance after 25 years will be approximately $99,631.61.
To calculate the future value of the account after 25 years, we can use the formula for the future value of an ordinary annuity.
Future Value = Payment x [(1 + Interest Rate)^Number of Periods - 1] / Interest Rate
Given:
Payment = $1,975.00 per year
Interest Rate = 5.00% (or 0.05)
Number of Periods = 25 years
Plugging in these values into the formula, we get:
Future Value = $1,975.00 x [(1 + 0.05)^25 - 1] / 0.05 ≈ $99,631.61
Therefore, after 25 years, the account will have approximately $99,631.61.
You can learn more about future value at
https://brainly.com/question/30390035
#SPJ11
What are B2C and B2B sales?
Answers
B2C and B2B sales refers to business-to-consumer and business-to-business sales respectively.
What is business-to-consumer sales?Business-to-consumer (B2C) companies having consumers as their end-users increasingly came to be known by this phrase when it gained popularity in the 1990s.
This contrasts with business-to-business (B2B) firms, or those whose main customers are other businesses. B2C businesses conduct their business online and offer goods to clients. Several B2C corporations include Amazon.
B2C, or business-to-consumer, is a retail model where things are delivered directly to the customer who has made a personal purchase of the goods or service.
Business-to-business sales are referred to as B2B sales. It describes enterprises or salespeople who engage in direct business-to-business (B2B) sales of goods and services.
To learn more about Business-to-business sales
https://brainly.com/question/15506646
#SPJ6
Which of these statements accurately describe codes of conduct? Multiple Choice Standard-setting organizations have failed to influence industries and individual firms. The adoption rate of industry-specific codes of conduct is currently decreasing The costs of building common industry standards have become prohibitive Most early codes of conduct were developed by individual companies
Answers
The most early codes of conduct were developed by individual companies, while other statements about standard-setting organizations, adoption rates, and costs are inaccurate.
The statement "Most early codes of conduct were developed by individual companies" accurately describes codes of conduct. It highlights that in the early stages, individual companies took the initiative to develop their own codes of conduct. However, the other statements do not accurately describe codes of conduct.
Standard-setting organizations have had an influence on industries and firms, although their impact may vary. The adoption rate of industry-specific codes of conduct can vary but there is no evidence to suggest a universal decrease. While building common industry standards can be costly, it does not necessarily mean the costs are prohibitive.
To know more about codes of conduct refer here:
https://brainly.com/question/30093328
#SPJ11
Use this formula to help solve the problem.
• gross income = total of all incomes added together
Given the following information, what does the gross income for the month equal?
Cash = $700, Checks = $200, Credit Card Charges = $400
a. $700
b. $1100
c. $1300
d. $400
Answers
Answer:
C.$1300.................:)
Answer:
1,300
Explanation:
just added the numbers
What does it mean when the irs accepts your return.
Answers
Answer:
It means that they have gone over your return and it has passed their initial inspection.
Explanation: Hope this helps:)
sage decides to cash in all his savings to open a recording studio. he has three accounts to cash in. the first earned 9 percent for two years. the second earned 6 percent for three years. and the last earned 3 percent for six years. supposing he started with $5,000 in each account, from which account will he get the most cash?
Answers
Sage will get the most cash from the first account, which earned 9 percent for two years. The total amount in this account after the given amount of time is $6,190.50, which is higher than the other two accounts.
To solve this problem, we need to calculate the total amount of money in each account after the given amount of time, including principal and interest. Then, we can compare the amounts to determine which account will yield the most cash.
For the first account, earning 9 percent for two years, the formula to calculate the total amount A is:
A = P(1 + r/n)^(nt)
where P is the principal ($5,000), r is the annual interest rate (9 percent or 0.09), n is the number of times interest is compounded per year (assuming yearly compounding in this case), and t is the number of years (2 years).
Using this formula, we get:
A = 5000(1 + 0.09/1)^(1*2) = $6,190.50
For the second account, earning 6 percent for three years, we have:
A = 5000(1 + 0.06/1)^(1*3) = $5,839.02
Finally, for the third account, earning 3 percent for six years, we have:
A = 5000(1 + 0.03/1)^(1*6) = $5,957.36
To know more about principal and interest-
https://brainly.com/question/14599912
#SPJ1
a telephone cost $250. the sales tax is 7.5 . what was the cost of the telephone including sales tax
Answers
Answer:
268.75
Explanation: The sales tax should be 18.75
Which resource can you use to view businesses or suppliers divided into different categories?
You may use online or offline _________
to view businesses or suppliers classified into different categories.
Answers
Answer:
yellow pages
Explanation:
It's "Yellow Pages" :)
I got it right on plato <3
write about The relationship between behavior and culture in
organizations with 2 examples.
Answers
Culture refers to a shared set of beliefs, norms, and values that shape the behavior of individuals within a group or organization. In the context of organizations, behavior and culture are closely intertwined. The relationship between behavior and culture in organizations is such that culture influences the behavior of employees, while behavior reflects the prevailing culture of the organization.
Examples of the relationship between behavior and culture in organizations can be observed in various aspects, including dress code and communication style.
For instance, organizations may have specific dress codes that employees are expected to adhere to, such as formal attire or uniforms.
This dress code represents a cultural norm that influences the behavior of employees.
Those who comply with the dress code demonstrate their alignment with the organizational culture, while those who deviate from it may be viewed as not fitting into the established culture.
Similarly, the communication style within an organization is often influenced by its culture.
Some organizations may have a formal communication style, requiring employees to use formal language and follow specific protocols.
In contrast, other organizations may adopt an informal communication style, allowing employees to use more relaxed and casual language.
The communication style reflects the cultural norms of the organization, and employees' behavior in communication aligns with or deviates from these norms, signifying their connection to the organizational culture.
In summary, culture shapes the behavior of employees within organizations, and the behavior exhibited by employees reflects the prevailing culture of the organization.
Examples of this relationship can be observed in various aspects of organizational life, such as dress codes and communication styles.
Read more about relationship between behavior and culture in organizations
https://brainly.com/question/31402866
#SPJ11
Companies that are employee-owned are commonly thought to be more profitable than are publicly-owned companies or companies with a single owner. If employees have a financial stake in the company, it is in their interest to work harder. If profit goes primarily to stockholders or a small group of owners, employees have less incentive to work hard. Yet, in a comparison of airline companies, Wingspan Airlines, which is entirely employee-owned, has recorded losses for the previous three quarters, whereas Longflite Airlines, which is owned by billionaire Martin Pearson, has recorded record profits for the previous three quarters.Which of the following, if true, best supports the conclusion that employee-owned companies are more profitable than are non-employee-owned companies?A. Wingspan Airlines has recently initiated routes to New Zealand, Australia, and Tahiti.B. Longflite Airlines has been owned by Martin Pearson for only six months.C. A cosmetics company that is entirely employee-owned has, in the last year, increased its market share by 18 percent.D. Profits recorded by Longflite Airlines include profits earned by a subsidiary that manufactures airplane parts, and because of a nationwide drop in airplane travel, all airline companies have chosen to repair their older planes rather than spend dwindling revenues on new planes.E. The employees of Wingspan Airlines voluntarily took pay cuts to give the company a chance to recover, and the employees of Longflite recently went on strike to protest poor working conditions.
Answers
Answer:
D. Profits recorded by Longflite Airlines include profits earned by a subsidiary that manufactures airplane parts, and because of a nationwide drop in airplane travel, all airline companies have chosen to repair their older planes rather than spend dwindling revenues on new planes.
Explanation:
In the given instance it is stated that Wingspan Airlines, which is entirely employee-owned, has recorded losses for the previous three quarters, whereas Longflite Airlines, which is owned by billionaire Martin Pearson, has recorded record profits for the previous three quarters.
This is in conflict with the fact that employee-owned are commonly thought to be more profitable than are publicly-owned companies or companies with a single owner.
The option that justifies this in the given instance is if every company is suffering and making losses but Longflite Airlines (which is owned by billionaire Martin Pearson) is making profit from a subsidiary that manufactures plane parts.
This will give Long life Airlines a clear advantage over other companies including the employee owned Wingspan Airlines.
The market risk, beta, of a security is equal to Group of answer choices the variance of the security's returns divided by the covariance between the security and market returns. the covariance between the security's return and the market return divided by the variance of the market's returns. None of the listed answers. the variance of the security's returns divided by the variance of the market's returns. the covariance between the security and market returns divided by the standard deviation of the market's returns.
Answers
Answer:
the covariance between the security's return and the market return divided by the variance of the market's returns
Explanation:
The market risk, beta of the security would be equivalent to the
Beta = Cov(rm, rs) ÷ Var(rm)
Rm denotes market return
rs denotes security return
Cov denotes covariance
Var denotes variance
Hence, the second option is correct
And, the rest of the options are wrong
hurricane irene pummeled the pumpkin crop in the northeast. wholesalers reached out to growers in the midwest and canada as the prices of
Answers
Hurricane Irene pummeled the pumpkin crop for the Northeast. Wholesalers reached out to growers in the Midwest and Canada as prices more than doubled. Hurricane Irene created reactive change.
The study found that Ian had an impact on around five million acres of agricultural land, 60% of which was used for grazing. Vegetable, fruit, and citrus crops were flooded and destroyed. According to studies, Florida also produces around 50% of the nation's tomato crops throughout the winter, in addition to the citrus business.
It wasn't just luck that kept Hurricane Ian from wreaking havoc on Monty's; the hurricane caused upwards of $40 billion in property damage across Florida, making it one of the most expensive storms to ever strike the state.
Hurricane Irene pummeled the pumpkin crop for the Northeast. Wholesalers reached out to growers in the Midwest and Canada as prices more than doubled. Hurricane Irene created ____ change.
Read more about hurricane irene at
https://brainly.com/question/13403302
#SPJ4
Which step directly follows "loss of jobs” in the stagflation cycle?
Answers
Answer:
fewer items produced
Explanation:
Answer:
D
Explanation:
in a quiz for Marks and given for correct answer and negative marks are given for incorrect answer if Jacks score 20 five successive rounds 25,-5,-10,15 and 10, what was total at the end
Answers
Answer:
35
Explanation:
I believe he has 35 marks at the end but I could be wrong.
can woolworths raise extra capital for expansion
Answers
Woolworths can raise extra capital for the expansion a shop in each kingdom in Australia. With the organisation and its stores strolling correctly. Woolworths commenced to experiment with expanding their grocery range more shops began stocking clean culmination and vegetables and a bigger variety of meals.
Woolworths has created an aggressive facet thru its tremendous logistics systems and particularly organized providers' contracts, which ensure that goods are introduced at the proper time. further, the employer uses era to manipulate its delivery chain and stock.
Woolworths has created an aggressive part thru its outstanding logistics systems and relatively organized providers' contracts, which ensure that items are brought at the right time. in addition, the employer makes use of technology to control its supply chain and stock.
Learn more about Woolworths here:-https://brainly.com/question/24382022
#SPJ9
To examine
the weekly payroll of all employees, one would look at the:
Answers
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
Learn more about the payroll register here:
https://brainly.com/question/24265652
#SPJ1
Major Co. reported 2019 income of $300,000 from continuing operations before income taxes and a before-tax loss on discontinued operations of $80,000. All income is subject to a 30% tax rate. In the 2019 income statement, Major Co. would show the following line-item amounts for income tax expense and net income: a. $66,000 and $210,000. b. $90,000 and $154,000. c. $90,000 and $276,000. Od. $66,000 and $220,000.
Answers
The correct line-item amounts for income tax expense and net income are option d: $66,000 and $220,000.
To calculate the income tax expense and net income for Major Co., we need to consider the income from continuing operations before income taxes and the before-tax loss on discontinued operations.
Income from continuing operations before income taxes: $300,000
Before-tax loss on discontinued operations: -$80,000
First, we calculate the income tax expense for the income from continuing operations:
Income from continuing operations before income taxes * Tax rate = Income tax expense
$300,000 * 30% = $90,000
Next, we calculate the net income by subtracting the income tax expense and the before-tax loss on discontinued operations from the income from continuing operations:
Net income = Income from continuing operations - Income tax expense - Before-tax loss on discontinued operations
Net income = $300,000 - $90,000 - (-$80,000)
Net income = $300,000 - $90,000 + $80,000
Net income = $290,000
Therefore, the correct line-item amounts for income tax expense and net income in the 2019 income statement for Major Co. are:
a. $66,000 and $210,000. (Incorrect)
b. $90,000 and $154,000. (Incorrect)
c. $90,000 and $276,000. (Incorrect)
d. $66,000 and $220,000. (Correct)
Learn more about income tax
brainly.com/question/21595302
#SPJ11
One problem in relying on price elasticity and demand curves when setting prices is the way a product or service is marketed can have a profound impact on price elasticity. the underlying ideas of the demand curve and elasticity are less relevant in the modern economy. only economists can properly analyze demand curves and set prices using this tool. competitors can construct the same demand curves, so there is no advantage in using them. marketing split from economics over the ideas of demand and elasticity.
Answers
Answer: the way a product or service is marketed can have a profound impact on price elasticity.
Explanation:
What determines the prices of the market is the demand, this affects the price elasticity. Price elasticity and demand curves are the result of various factors, and in most scenario they determine the pricing factor in the market.
One problem in relying on price elasticity and demand curves when setting prices is the way a product or service is marketed can have a profound impact on price elasticity.
Oldhat Financial starts its first day of operations with $10 million in capital. A total of $130 million in checkable deposits are received. The bank makes a $25 million commercial loan and another $40 million in mortgages, with the following terms: 200 standard 30-year, fixed-rate mortgages with a nominal annual rate of 5.25%. each for $200,000. Assume that required reserves are 8%. Complete the bank's balance sheet provided below. (Round your responses to the nearest whole number.) The leverage ratio is and the bank is. (Round your response to two decimal places.) The risk-weighted assets after Oldhat's first day are $ million. (Round your response to the nearest whole number.)
Answers
Oldhat Financial's balance sheet shows assets of $75.4 million, liabilities and equity of $140 million, and a leverage ratio of 7.54. The risk-weighted assets after the first day are $65 million.
Based on the information you've provided, I can help you complete Oldhat Financial's balance sheet and calculate the leverage ratio and risk-weighted assets.
Balance Sheet:
Assets:
- Reserves: $10.4 million (8% * $130 million)
- Commercial Loan: $25 million
- Mortgages: $40 million
Liabilities:
- Checkable Deposits: $130 million
Equity:
- Capital: $10 million
Total Assets = Reserves + Commercial Loan + Mortgages = $10.4 million + $25 million + $40 million = $75.4 million
Total Liabilities and Equity = Checkable Deposits + Capital = $130 million + $10 million = $140 million
Leverage Ratio = Total Assets / Equity = $75.4 million / $10 million = 7.54 (rounded to two decimal places)
Risk-Weighted Assets:
- Assuming 100% risk-weight for both commercial loans and mortgages:
Risk-Weighted Assets = $25 million + $40 million = $65 million (rounded to the nearest whole number)
Your answer: Oldhat Financial's balance sheet shows assets of $75.4 million, liabilities and equity of $140 million, and a leverage ratio of 7.54. The risk-weighted assets after the first day are $65 million.
Learn more about leverage here:
https://brainly.com/question/30985112
#SPJ11
What common tasks are performed by Manufacturing workers? Check all that apply.
preparing meals for factory workers
selling manufactured products
creating advertisements for products
designing products and processes
operating machinery
interpreting instructions
lifting and moving materials
Answers
Answer:
4 5 6 7
Explanation:
got it right on edge
Answer:
4. designing products and processes
5. operating machinery
6. interpreting instructions
7. lifting and moving materials
Explanation:
edge 2021 :)
stay safe and good luck <3
I want to sing, act in tv shows, or ghost hunt. What should I do?
(real life situation) please tell me!
Answers
1. Develop your skills: Take classes or workshops to develop your singing or acting skills, or research and learn more about ghost hunting techniques and equipment.
2. Build your portfolio: Record and share your singing, or create an acting reel to showcase your talent. For ghost hunting, consider documenting your investigations and findings to build a portfolio.
3. Network: Attend events, join organizations, and connect with others in the industry to build relationships and opportunities.
4. Seek out auditions or opportunities: Look for auditions or casting calls for singing or acting roles, or consider joining a paranormal investigation team to get more experience with ghost hunting.
5. Stay persistent: Pursuing a career in the entertainment industry or ghost hunting can be challenging and competitive, so it's important to stay persistent and keep working towards your goals.
Remember to also be realistic about your goals and set achievable milestones for yourself. It may take time and effort to achieve success in these fields, but with dedication and hard work, you can pursue your passions and achieve your dreams.
A U.S. Treasury bond pays a 4.5% coupon rate, has a $1,000 par value, and matures 30 years from now in 2050. The bond’s bid quote is 116:10 and the ask quote is 116:12. Coupon payments are semiannual. If you purchase this bond now and hold it until 2050, what would be your annual yield to maturity?
Answers
Answer:
yield of maturity =3.60 %
Explanation:
given data
face value FV = $1000
coupon rate r = 4.5%
no of compounding peryear = 2
time period t = 30 year
solution
first we get here interest per period that is PMT
PMT = FV × r ÷ 2
PMT = 1000 × 4.5% ÷ 2 = 23
now we get here bond value that is
bond value = 1000 × (116 + \(\frac{12}{32}\) )%
bond value = 1163.75
and
number of compound period till the maturity will be NPER
NPER = no of compounding peryear × time period
NPER = 30 × 2 = 60
so now we get here yield of maturity by excel formula that is
yield of maturity = RATE(NPER,PMT,-PV,FV) × 2
yield of maturity = RATE(60,22.5,-1163.75,1000) × 2
yield of maturity =3.60 %
Buying a franchise might be a good decision for someone who _____. a. wants to create a new product or service b. doesn’t want to work long hours c. doesn’t have experience developing management systems d. likes to work alone without many rules and regulations Please select the best answer from the choices provided A B C D
Answers
Answer:
its C
Explanation:
i got it right on edge
Buying a franchise might be a good decision for someone who doesn’t have experience developing management systems. The appropriate response is option C.
What is a franchise ?A franchise is a technique of selling goods or services that involves a franchisor who creates the brand's trade name and business model and a franchisee who pays a royalty and frequently an upfront fee to have the right to use the franchisor's name and system.
You can run a business if you buy a franchise as an investor or franchisee. You receive a format or system created by the business (franchisor), the right to use its name for a predetermined period of time, and help in exchange for paying a franchise fee.
Due to the pool of support provided by the franchisor and network of other franchisees, a small firm with a franchise is better able to compete with large corporations than a small business operating independently. In your territory, you often have exclusive rights.
To learn more about franchise
https://brainly.com/question/14034124
#SPJ6
as the price increases along a linear demand curve, the price elasticity of demand becomes True or False?
Answers
The statement , "As the price increases along a linear demand curve, the price elasticity of demand becomes more elastic" is True , because price elasticity of demand becomes more elastic or more responsive .
The Price Elasticity Of Demand is defined as a measure of the responsiveness of the quantity demanded of a good or service to a change in its price .
As the price decreases along a linear demand curve, the price elasticity of demand becomes more elastic or more responsive.
This means that consumers are more sensitive to price changes and the quantity demanded increases more proportionately to the decrease in price.
Learn more about Price Elasticity here
https://brainly.com/question/29615048
#SPJ4
The given question is incomplete , the complete question is
As the price increases along a linear demand curve, the price elasticity of demand becomes more elastic . True or False ?
When preparing a business message, you should make your writing audience oriented. Audience oriented means a. attempting to get your audience to believe and accept your message. b. writing to solve a problem or convey information. c. presenting ideas clearly but concisely. d. concentrating on looking at the message from the receiver's perspective.
Answers
Answer:
D. Concentrating on looking at the message from the receiver's perspective.
Explanation:
When writing a business message, it is important to ensure that the perspective of the receiver is considered. There are two sides to a message; the speaker and the receiver. By making a business writtings audience oriented, it means that thoughts of the receiver or audience is considered alongside the message.
Although other skills such as; present ideal clearly but concise, attempt to get your audience to believe and accept your message, write to solve a problem or convey information are essential qualities of business writtings, yet do not point to audience oriented message.
_____ may provide prepaid shipping labels for you to send in your used cartridges. Select all that apply.
Answers
The businesses that may provide shipping labels for you are:
recycling companies that pay for used cartridgesprinter manufacturersThe used cartridges can be recycled by taking them to the companies that may buy them.
What are recycling companies?These are those companies that collects waste and help to transport and dispose them off in an environmentally friendly way.
Read more on recycling companies here
https://brainly.com/question/9387566
which constraint does not allow someone to create an order for a nonexistent customer?
Answers
Answer:relational integrity constraint
Explanation:
What are some common spreadsheets applications?
Answers
USES ( APPLICATIONS) of spreadsheet are;
1) to create budgets : Excel can be used in creation of budget s which is the estimation of revenue as well as expenses which covers specified future period of time.
2)produce graphs and charts: it's application is helpful in creating graphs in mathematics as well as statistics
3 for storing and sorting data: Data sorting can be done using spreadsheet. It involves arrangements of data into an order in order to make analysis of the data easier.
SPREADSHEET APPLICATION
1)Microsoft Excel : This is used in data
crunching , it can handle large data sets.
2)LibreOffice : it's applicable in Calc for a free as well as native spreadsheet app.
4) Smartsheet: is useful when handling
task involving non-spreadsheet and can be used for project management.
5)Quip : it's useful for integration of
spreadsheets into shared documents.
why is international improvement important
Answers
Answer:
Because they have farts
Explanation:
its mindness