Answer:
Which party to the exchange must pay boot to make the exchange work?
Rufus must pay boot since the FMV of its property is less than the FMV of Hardy's property.How much boot must be paid?
$90,000 - $77,500 = $12,500Assuming the boot payment is made, how much gain or loss will Rufus realize and recognize on the exchange, and what tax basis will Rufus take in the property acquired?
Rufus doesn't have any gain, and the tax basis for the new asset will be $50,000 + $12,500 = $62,500Assuming the boot payment is made, how much gain or loss will Hardy realize and recognize on the exchange and what tax basis will Hardy take in the property acquired?
Since Hardy's property basis is $60,000 and it would be receiving $50,000 (Rufus's property) + $12,500 = $62,500, then it must recognize a $2,500 gain. The basis of Hardy's new property will be $62,500.What is the most common reason for writing a business message?
ethical dilemma ethical lapse
Answer:
An ethical lapse is a mistake or error in judgement that produces a harmful outcome (Roslyn Frenz, n.d., para. ... Otherwise there are grave consequences for such ethical lapses and could result in widespread harm to the company and to the society at large.
In both situations presented, I believe them to be ethical dilemmas. An ethical dilemma is considered to be a problem between two possibilities that are not acceptable or preferable. Making a choice between the two would result in hurting the other. Employing the child is wrong because of labor laws, but the child is able to provide for themselves because of it. Taking away the employment would make the child homeless and hungry. The second scenario is also a dilemma because you run the risks of loosing profits if you do things the correct way. Neither choice would result in a preferable outcome. Doing the right thing sometimes comes with a price.
Explanation:
Examples of ethical lapses include business-related misconduct such as fraud, bribery, insider trading, and environmental disasters involving negligence or recklessness. They also include personal ethical misconduct, such as inflated résumés and sexual indiscretions.
If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
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7. White has previously said that we need a new way to think about being old in America. She is calling on artists, change agents, and social entrepreneurs to help imagine a change that will better the life of older, retired people. Discuss how you think that we, as a nation, could improve the personal finance crisis?
Personal crisis could be resolved by a nation if more jobs opportunity are created.
What is personal financial crisis?A personal financial crisis comes when an individual does not have enough money to cater for his or her needs.
This could have happened dues to loss Job, theft, bankruptcy or a sudden medical illness.
Therefore, Personal crisis could be resolved by a nation if more jobs opportunity are created, empowerment programs and funding are made available for those who do not have.
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Which of the is not one of the risks of starting a new business
Answer: There are five kinds of risk that entrepreneurs take as they begin starting their business. Those risks are: founder risk, product risk, market risk, competition risk, and sales execution risk.
Explanation:
Philosopher T.M. Scanlon makes four points about why we should be concerned with economic inequality. What did you think of his arguments? Are there any you find convincing? Explain your position.
Answer : yes , i find the following scriptures by philosopher convincing:
T.M. Scanlon, a philosopher, has made several points about why we should be concerned with economic inequality.
Fairness and Desert: Scanlon argues that economic inequality is a concern because it can violate principles of fairness and desert. He suggests that individuals should be rewarded based on their contributions and efforts rather than arbitrary factors like birth circumstances. This perspective implies that extreme economic disparities can undermine fairness in society.
Democratic Equality: Scanlon contends that economic inequality can undermine democratic equality by allowing the wealthy to exert undue influence over political decisions, potentially distorting democratic processes. This argument highlights the potential threat to the principle of political equality when wealth disparities are significant.
Social and Economic Power: Scanlon argues that economic inequality can lead to the concentration of social and economic power in the hands of a few, creating disparities in opportunities and social mobility. This perspective suggests that unequal distribution of resources can limit equal access to education, healthcare, and other important social goods.
Social Cohesion and Shared Identity: Scanlon posits that extreme economic inequality can erode social cohesion and undermine the sense of shared identity within a society. When there is a significant gap between the rich and the poor, it can lead to social divisions, conflicts, and a sense of alienation among different groups.
The persuasiveness of these arguments may vary depending on an individual's beliefs, values, and political ideology. Some may find Scanlon's points compelling, as they highlight the potential negative consequences of economic inequality on fairness, democracy, social mobility, and societal cohesion. Others may have different perspectives, emphasizing the importance of individual freedom, market dynamics, and the potential benefits of incentives provided by economic inequality.
It's crucial to engage in thoughtful discussions and consider multiple viewpoints to foster a comprehensive understanding of the complex issue of economic inequality.
Most people do not select a place of residence based on: A. lifestyle B. needs C. values. D.attitudes E. credit score
It is generally uncommon for people to decide a place of residence based on E. credit score
When people look for places to stay, they think about their:
Lifestyle and what house it suits that Their needs from a place Their values and whether the place would support them Attitudes towards what kind of place they should livePeople only think about the credit score when it comes to paying the rent of the place or being able to buy it. It is generally not a factor when selecting a place of residence initially.
In conclusion, most people do not select residence based on credit score.
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Reading this textbook will require time and effort but doing so will help you improve your grade in this course. This statement is related to the
Reading this textbook will require time and effort but doing so will help you improve your grade in this course. This statement is related to the "cost benefit principle"
What is the cost-benefit principle?A cost-benefit analysis can be applied in any field. The cost-benefit concept is a method for deciding how to spend money or use resources.
It is a matter of evaluating the expenses (how much something will cost) against the advantages (what good things will happen if we do it). Sometimes the expenses outweigh the advantages, while other times the benefits outweigh the costs. If the advantages outweigh the costs, it's a smart idea to go forward with it. If the expenses outweigh the advantages, it's usually not a smart idea.
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Which of Congress's powers is implied through the necessary and proper
clause?
OA. The power to restrict child labor
O B. The power to negotiate treaties
O C. The power to print money
OD. The power to declare war
Answer:
b the power to negotiate treaties
Which of the following statements are true about unleavened breads? a. breads cannot be left unaccompanied while baking. b. breads can be steamed, fried or baked. c. breads are originally leavened with steam and baking powder. d. breads include tortillas, scones, and English muffins.
Answer:
breads can be steamed, fried or baked.
Explanation:
Answer:
d or b
Explanation:
Out of the given statements, (b) and (d) are true about unleavened breads.
(b) Unleavened breads can be steamed, fried or baked. Unlike leavened bread, which rises due to the action of yeast or other leavening agents, unleavened bread does not rise and can be prepared using a variety of methods.
(d) Examples of unleavened breads include tortillas, scones, and English muffins. These are all types of bread that are traditionally made without yeast or other leavening agents.
Statements (a) and (c) are not true about unleavened breads.
(a) Breads can be left unaccompanied while baking, including unleavened bread. However, depending on the method of preparation, they may require attention during the cooking process.
(c) Unleavened breads are not originally leavened with steam and baking powder. These breads are traditionally made without any leavening agents, including yeast, baking powder, or steam.
If a stadium increases its profit margin from $250,000 to $575,000, what is the percentage increase in profit margin?
Answer:
250,000x575,000 a percentage is 1 thusand
The percentage increase in profit margin would be : 57%
First, we'll get increase in the profit
= $575,000 - $250,000
= $325,000
Then, the percentage increase in profit margin
= $325,000 / $575,000 * 100
= 0.57 * 100
= 57%
Hence, the percentage increase in profit margin would be 57%.
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Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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Use the above Cash account to determine (a) cash flows used by investing activities and (b) cash flows provided by financing activities.
Add your dividends paid to the repurchase of debt and equity to determine your cash flow from financing activities. Next, deduct the sum from cash inflows from issuing equity or debt to arrive at your cash flow from financing activities. Likewise, a cash flow statement contains these.
How do you calculate cash provided by investing activities?The cash flow statement of a business shows the cash flow from investments. Any inflows or outflows of money from long-term investments made by a company are included in cash flow from investing activities. The amount of cash and cash equivalents entering and leaving a company is shown on the cash flow statement.
A company's cash flow statement includes a section called cash flow from financing activities (CFF), which details the net cash flows used to finance the business. Transactions involving equity, debt, and dividends are all examples of financing activities.
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identify the types of south African businesses/market share
A company may be incorporated in South Africa under one of five legal categories: a private company, a personal liability company, a public company, a non-profit organisation, or a state-owned corporation.
What percentage of the market?South Africa is a newly industrialised nation with an upper-middle-income economy, according to the World Bank. It is ranked 34th in the world and has the second-largest economy in Africa. South Africa has the 7th per economic status in Africa in the context of purchasing power parity. Nevertheless poverty and inequality continue to be widespread, with almost 25% of the population unemployed and surviving on less than US$1.25 per day. Yet, South Africa continues to have a significant regional impact and is regarded as a middle power in international affairs.
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The Gardner Company, a client of your firm, has come to you with the following problem. It has three clerical employees who must perform the following functions:
a. Maintain the general ledger
b. Maintain the accounts payable ledger
c. Maintain the accounts receivable ledger
d. Prepare checks for signature
e. Maintain the cash disbursements journal
f. Issue credits on returns and allowances
g. Reconcile the bank account
h. Handle and deposit cash receipts
Assuming equal abilities among the three employees, the company asks you to
assign the eight functions to them to maximize internal control. Assume that these employees will perform no accounting functions other than the ones listed.
Answer:
16
Explanation:
lol
Design a study that has a false correlation caused by a lurking variable.
An example of a study that has a false correlation caused by a lurking variable is " research scientist examines the influence of diet and exercise on a an individual's blood pressure."
What is a lurking variable in a study?Lurking variable is known to be a kind of a variable that is said not be the explanatory variable nor can it be called the response variable but it is one that is seen to have a relationship (e.g. correlation) with the response and that of the explanatory variable.
Note that A lurking variable is one that can be falsely identify as a strong relationship that exist between variables or it is one that often hide the true relationship.
Hence, An example of a study that has a false correlation caused by a lurking variable is " research scientist examines the influence of diet and exercise on a an individual's blood pressure."
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do Businesses operate separately from society as a whole.
Businesses do not operate separately from society as a whole. In fact, businesses are an integral part of society and their operations can have significant impacts on various aspects of society, including the economy, the environment, and social issues.
Firstly, businesses are a key contributor to the economy of a society. They generate income, create jobs, and drive innovation, which in turn fuels economic growth and development. The success of businesses is closely tied to the health and well-being of the economy, and vice versa.
Secondly, businesses can have significant impacts on the environment. Their operations can result in pollution, depletion of natural resources, and other negative environmental effects. As such, businesses have a responsibility to operate in a sustainable manner, reducing their environmental impact and promoting sustainable practices.
Thirdly, businesses can also have an impact on social issues such as inequality, discrimination, and human rights. For example, businesses may choose to operate in a way that promotes diversity and inclusivity, or they may take steps to ensure that their operations do not contribute to human rights abuses or other negative social impacts.
In conclusion, businesses are an important part of society and their operations are closely interconnected with various aspects of society. As such, businesses have a responsibility to operate in a way that takes into account their impact on society as a whole, including the economy, the environment, and social issues. This is why many businesses are increasingly adopting corporate social responsibility (CSR) policies and practices, which aim to ensure that their operations are sustainable, socially responsible, and contribute positively to society.
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You and 11 coworkers just won $16 million ($ 1,333,333,33 each) from the state lottery. what is the present value of your prize before taxes if you request the 'up-front cash' option?
The present value of your prize before taxes if you request the 'up-front cash' option is $.
Based on the amount that you won and the return earned by the state lottery, the present value of the "up-front cash" is $715,450.96
What is the present value?Over 17 years, the amount per year is:
= 1,333,333.33 / 7
= $78,431.37
This amount is the same every year so the present value will be that of an annuity.
The present value is:
= Annuity amount x present value interest factor of annuity, 17 years, 8%
= 78,431.37 x 9.122
= $715,451.96
Missing part of question:
Assuming you cach receive your share over 17 years and that the state lottery earns a 8 percent retum on its funds,
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Nick has set up his steel factory near a community lake. The waste from his factory is directly thrown in the lake and is causing the death of the fishes in the lake. This is an example of a negative .
Which of the following shows how the year end adjustment to recognize supplies expense will affect A company’s financial statements
The year-end adjustment to recognize supplies expense will have an impact on A Company's financial statements.
Firstly, the income statement will reflect a decrease in net income, as the supplies expense is recognized, reducing the company's profitability for the year. This adjustment will also affect the balance sheet, specifically the asset side, as the supplies inventory will decrease due to the expense recognition. This reduction in supplies will lower the company's total assets. Additionally, the adjustment will affect the statement of cash flows, primarily in the operating activities section. The recognition of supplies expense will decrease the company's cash flow from operations, as it reflects an outflow of funds used to purchase supplies.For such more questions on year-end adjustment
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The company expected to sell 45,000 units next year with the following results:
Sales P900,000
Variable costs 540,000
Contribution margin 360,000
Fixed costs 150,000
Income before taxes 210,000
Income taxes 84,000
Net income P126,000
a. If the company wants an after-tax return on sales of 15% on its expected volume of
45,000 units, what price must it charge?
The company must charge P18.13 per unit to achieve a 15% after-tax return on sales.
What is After-tax Profit per unit?After-tax profit per unit is the amount of profit that a company earns on each unit sold after deducting income taxes from its net income. It can be calculated by dividing the after-tax net income by the total number of units sold. After-tax net income is the amount of net income remaining after deducting income taxes from the gross income.
To determine the price that the company must charge to achieve a 15% after-tax return on sales, we need to use the following formula:
Price = (Variable Cost per unit + Fixed Cost per unit + After-tax Profit per unit) / Unit Sales
We can first calculate the variable cost per unit by dividing the total variable costs by the expected unit sales:
Variable Cost per unit = Total Variable Costs / Unit Sales
Variable Cost per unit = P540,000 / 45,000 units
Variable Cost per unit = P12
Next, we can calculate the fixed cost per unit by dividing the total fixed costs by the expected unit sales:
Fixed Cost per unit = Total Fixed Costs / Unit Sales
Fixed Cost per unit = P150,000 / 45,000 units
Fixed Cost per unit = P3.33
We can then calculate the after-tax profit per unit by dividing the after-tax net income by the expected unit sales:
After-tax Profit per unit = After-tax Net Income / Unit Sales
After-tax Profit per unit = P126,000 / 45,000 units
After-tax Profit per unit = P2.80
Now we can substitute these values into the price formula:
Price = (Variable Cost per unit + Fixed Cost per unit + After-tax Profit per unit) / Unit Sales
Price = (P12 + P3.33 + P2.80) / 1
Price = P18.13
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will give brainliest! 30 pts
River bought a new washing machine that came with a warranty. How will this warranty be MOST helpful for River?
A.
It will take a percentage off the next purchase.
B.
It will be used to get a tax deduction on yearly taxes.
C.
It will allow free repairs to the machine if needed.
D.
It will guarantee a large tax refund next year.
Answer:
The answer is C and I am sure about that, so choose C
How much is being paid is the only thing you need to consider when considering a job offer True or fals
Answer:
being paid 1000
Explanation:
1000
Modern Company has four divisions. The budgeted revenues and expenses for each division for 2021 follows:
Division
A
B
C
D
Sales
$504,000
$948,000
$960,000
$1,240,000
Cost of goods sold
440,000
930,000
765,000
925,000
Selling & admin costs
96,000
202,500
144,000
210,000
Operating income (loss)
$(32,000)
$(184,500)
$51,000
$105,000
Further analysis of costs reveals the following percentages of variable costs in each division:
A
B
C
D
Cost of goods sold
90%
80%
90%
85%
Selling & admin costs
50%
50%
60%
60%
Closing down any division would result in a savings of 40% of the fixed costs of that division.
Required:
1. Calculate the increase or decrease in operating income if Modern Company closes division B using the below table:
Item
2. What factors should the top management of Modern Company consider before making a decision.
Answer:
b..................................................... ...............
Explanation:
.........................
In terms of measuring and validating supply savings: Group of answer choices static markets, technologies, and volumes facilitate the process. there is a universal definition of supply savings. information systems easily capture savings. in many cases there is an inability to convert savings into profit.
It should be noted that in terms of measuring and validating supply savings, in many cases there is an inability to convert savings into profit.
It should be noted that an accurate measurement of cost savings is easier said than done in the supply chain. Despite this, learning how to address the measurement is vital for the competitiveness of a company.
Therefore, in terms of measuring and validating supply savings, in many cases there is an inability to convert savings into profit. Addressing the measurement and reporting the challenges is vital for the profitability of a business.
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What amount must be set aside now to generate payments of $30,000 at the beginning of each year for the next 11 years if money is worth 5.95%, compounded annually? (Round your answer to the nearest cent.)
The amount that must be set aside in the present, to generate payments of $30, 000 for the next 11 years is $251,326.61
How to find the amount to set aside?The $30, 000 generated each year is an annuity which means that the amount to be set aside today is the present value of the annuity.
Because the payments come at the beginning of the year, this is an annuity due which means that we are looking for the present value of an annuity due.
This present value can be found as:
= Annuity amount x Present value of annuity due factor, 11 years, 5.95%
= 30, 000 x 8.38
= $251,326.61
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Landon Jewelers uses the perpetual inventory system. On April 2, Landon sold merchandise with a cost of $3,500 for $7,000 to a customer on account with terms of 3/15, n/30. The journal entry to record the cost of goods sold would be:
A.
Merchandise Inventory
3,500
Cost of Goods Sold
3,500
B.
Sales Revenue
3,500
Cost of Goods Sold
3,500
C.
Cost of Goods Sold
3,500
Merchandise Inventory
3,500
D.
Cost of Goods Sold
3,500
Accounts Receivable
3,500
Answer: C.
Cost of Goods Sold
3,500
Merchandise Inventory
3,500
Explanation:
A perpetual inventory system is a system thats uses records transactions that take place in real-time. Both the returns and the purchases are recorded immediately as they happen in the inventory account.
Under the perpetual inventory method, it should be noted that sales will be credited to the inventory while the purchases that are incurred will be debited to the inventory and it should be noted that the debit will be recorded in the account of the cost of goods sold.
Therefore based on the question, the journal entry to record the cost of goods sold would be:
Debit: Cost of goods sold $3500
Credit: Merchandise inventory $3500
Therefore, the correct option is C.
A reality of living in a risk society is that:____________
a. social justice is, in fact, dispensed equally across all citizen groups, irrespective of ethnicity, income level, or other factors.
b. incomes are regulated by government policy to ensure equality across professions and worker class.
c. laws cannot be enacted to regulate corporations' adherence to accounting rules.
d. currency exchange rates are set by the Caux Principles.
e. the creation and distribution of wealth generate by-products that can cause injury, loss, or danger to people and the environment.
Answer:
e
Explanation:
Suppose you have the opportunity to invest in a project that provides you with $4,000 every year forever. If you require an 8% return on investments with similar risk, what is the most you would be willing to pay for this project?
To determine the maximum amount you would be willing to pay for the project, we can use the concept of the present value of perpetuity. The present value is the current worth of future cash flows discounted at a specified rate of return. In this case, the perpetuity provides a constant cash flow of $4,000 every year indefinitely.
The formula for the present value of perpetuity is:
Present Value = Cash Flow / Discount Rate
Given that the cash flow is $4,000 and the required return or discount rate is 8% (0.08 as a decimal), we can calculate the present value as follows:
Present Value = $4,000 / 0.08 = $50,000
Therefore, the most you would be willing to pay for this project is $50,000. This amount ensures that the annual cash flow of $4,000 is equivalent to an 8% return on your investment, considering the risk and time value of money.
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If you have many competing financial goals, what should you do to help yourself focus on the most important ones?
A.
Get more unearned income.
B.
Prioritize and make a budget.
C.
Open a checking account.
D.
Diversify your investments.
Answer:
B.
Prioritize and make a budget.