Sequoia furniture company's sales over the past three months, half of which are for cash, were as follows: MARCH $400,000 APRIL $650,000 MAY $520,000.
Assume that Sequoia's collection period is 45 days. What would be its cash receipts in May? What would be its accounts receivable balance at the end of May?
Answers
Sequoia Furniture Company's cash receipts for the month of May would be "$347,500" and its accounts receivable balance at the end of May would be **$345,000**.
To calculate the cash receipts for May, we need to determine the amount of cash that will be collected from March sales (which were made on credit) in May. Since the collection period is 45 days, the amount of March sales that are still outstanding at the end of April is:
$400,000 * 0.5 = $200,000
Therefore, the amount of March sales that will be collected in May is:
$200,000 * 1 = $200,000
In addition to the March sales collection, Sequoia will also receive cash for its May sales. Since half of Sequoia's sales are for cash, the amount of cash receipts in May would be:
$520,000 * 0.5 = $260,000
So the total cash receipts for May would be:
$200,000 + $260,000 = $460,000
However, Sequoia also had cash sales in March and April, which means they have already received those payments. Therefore, we need to subtract those amounts from the total to get the net cash receipts for May:
($400,000 * 0.5) + ($650,000 * 0.5) - ($260,000) = $347,500
To calculate the accounts receivable balance at the end of May, we need to determine the total amount of sales made on credit in May that have not yet been collected. This can be calculated as:
May sales on credit = $520,000 * 0.5 = $260,000
Since the collection period is 45 days, we need to determine the amount of outstanding May sales at the end of May:
Outstanding May sales = May sales on credit * (45/30) = $260,000 * 1.5 = $390,000
Therefore, the accounts receivable balance at the end of May would be:
Accounts receivable balance = Outstanding March sales + Outstanding April sales + Outstanding May sales = $200,000 + $325,000 + $390,000 = $915,000
So the accounts receivable balance at the end of May would be $345,000.
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Related Questions
Determining Bond Selling Price
Calculate the bond selling price for the three separate scenarios that follow.
a. 33M Corp. Authorized and issued $200,000, 6%, 20-year bonds payable on January 1, 2020. Calculate the selling price of the bonds if the bonds pay cash interest semiannually on July 1 and January 1, and the market rate of interest on similar bonds is 896.
b. 33M Corp. Authorized and issued $500,000, 796, 10-year bonds payable on January 1, 2020. Calculate the selling price of the bonds if the bonds pay cash interest semiannually on July 1 and January 1, and the market rate of interest on similar bonds is 6%.
c. 33M Corp. Issued $150,000, 5%, 10-year bonds payable on March 31, 2020. The bonds were authorized on January 1, 2020. Calculate the selling price of the bonds (including interest) if the bonds pay cash interest annually on January 1, beginning January 1, 2021, and the market rate of interest on similar bonds is 69.
a. $ 960,204 x
b. $ Check
Answers
The selling price of the bonds in a is $226,204.25, the selling price of the bonds in b is $457,536.57 and the selling price of the bonds in c is $115,946.58.
Selling price = (interest payment x present value annuity factor) + (principal amount x present value factor)
a. The bond selling price
PV = C * ((1 - (1 + r/n)\(^{(-nt)}\)) / (r/n)) + FV / (1 + r/n)\(^{(nt)}\)
PV = present value or selling price of the bonds
C = semiannual coupon payment
r = market rate of interest
n = number of compounding periods per year
t = number of years until maturity
FV= face value or maturity value of the bonds
since the bonds pay semiannual interest
C = $6,000 / 2 = $3,000
r = 8.96% / 2 = 4.48%
n = 2
t = 20
FV = $200,000
PV
=$3,000*((1 - (1 + 0.0448/2)\(^{(-220)}\))/(0.0448/2))+$200,000/(1 + 0.0448/2)\(^{(220)}\)
PV = $148,541.29 + $77,662.96
PV = $226,204.25
the selling price of the bonds in a is $226,204.25
b. C = $35,000 / 2 = $17,500
r = 6% / 2 = 3%
n = 2
t = 10
FV = $500,000
PV = $17,500*((1 - (1 + 0.03/2)\(^{(-210)}\)) / (0.03/2)) + $500,000 / (1 + 0.03/2)\(^{(210)}\)
PV = $187,580.60 + $269,955.97
PV = $457,536.57
the selling price of the bonds in b is $457,536.57
c. the bonds pay annual interest
C = $7,500
r = 6.9%
t = 10
FV = $150,000
PV = $7,500 * (1 - (1 + 0.069)\(^{(-10)}\)) / 0.069 + $150,000 / (1 + 0.069)¹⁰
PV = $53,515.02 + $62,431.56
PV = $115,946.58
the selling price of the bonds in c is $115,946.58.
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In order for a company to market the same product or service to different markets, what step is critical for the company to take?.
Answers
There are a lot of firms today. For them to do the above, the company should try and generate a lot of positioning strategies to target the different kinds of audiences.
How is a positioning strategy statement used?The positioning strategy/statement is one that is often used to inform a company's of its marketing mix. A lot of Marketers often uses a positioning strategy so as to direct the marketing mix for a specific product, service, or brand.
When a marketer is said to target her product message at a particular target market, she does a lot of things with the general value proposition.
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the balance sheet of innovative products reports total assets of $470,000 and $670,000 at the beginning and end of the year, respectively. the cash return on assets for the year is 20%. calculate innovative products' net cash flows from operating activities (operating cash flows) for the year.
Answers
The innovative products' net cash flows from operating activities (operating cash flows) for the year of the operating cash flow is $171,000
The calculation is as follows:
Beginning Total Assets $470,000
Ending total assets $670,000
Average Total Assets in use $570,000 ($470,000 + $670,000) ÷ 2
Cash return on Asset 30%
Cash Flow from operating activities
= Average Assets × 30%
= $570,000 × 30%
= $171,000
the quantity of coins or coins equivalent that the organization gets or gives out via the manner of a fee(s) to creditors is referred to as cash flow. cash float analysis is often used to analyze the liquidity position of the agency.
coins waft is defined as the quantity of money coming into and leaving your commercial enterprise over a given time period. coins waft is crucial because it enables you to satisfy your existing economic duties as well as plan for your destiny.
A ratio less than 1 suggests quick-time period coins float issues; a ratio extra than 1 suggests exact monetary fitness because it shows coins flow extra than enough to fulfill brief-term monetary responsibilities.
the important thing distinction between cash glide and earnings is even as profit indicates the amount of cash left over in any case charges had been paid, coins waft shows the internet waft of cash into and out of an enterprise.
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Aptitudes might take years of training.
True
False
Answers
Answer:
true
Explanation:
Answer:
The correct answer is False
Explanation:
Got it right on the quiz.
Competition in the 21st century is no longer between companies; it is between:
a. supply chains
b. technologies
c. countries
d. individuals
Answers
Correct answer is option A. Competition in the 21st century is no longer between companies; it is between supply chains.
The leadership of the flow of products and services is known as supply chain management, and it encompasses all procedures that transform finished products from raw materials. It entails actively streamlining a company's supply-side activities in order to enhance customer value and gain a competitive advantage on the market. Supply chain administration (SCM) is the greater control of the flow of goods and services, and it encompasses all processes that convert raw materials into finished goods. Companies can reduce costs as well as deliver products to customers faster and more efficiently by managing the supply chain. Good management of supply chains keeps businesses out of the news and away from costly recalls and lawsuits.
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true or false: as a general rule, open source license terms broaden your rights as a software consumer, compared to the rights granted by copyright law.
Answers
False. In general, compared to the rights provided by copyright law, open source licence terms do not increase your rights as a software customer.
Anybody may use, modify, and distribute software's source code without restriction under an open source licence. The principle that software should be accessible to everyone and that users should have the right to access and modify the code is the foundation of the open source movement. Open source licences are intended to safeguard the continued availability and universal usability of the software while simultaneously safeguarding the rights of the original creators. The GPL, MIT License, and Apache License are the three most popular open source licences. The use and distribution of the programme are governed by the terms and restrictions of each open source licence.
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In what areas do federal agencies regulate to ensure safety and the general
wellness of US citizens?
a. Businesses
b. Environment
c. Products
d. All of the above
Answers
Answer:
d. All of the above
Explanation:
Government regulations are the rules that players in an industry must abide by. In a free-market economy like the US, the government's main role is to regulate economic activities. The government enforces regulation through its various agencies.
The areas of regulations include but are not limited to
Protecting consumers from undue exploitation by businesses, Encourage fair business competition Promote a healthy, safe work environment for employees Promote and sustain a clean environmentPrivate data protection and securityhawa just got hired for a new job and will make $ 36 , 000 $36,000 in her first year. hawa was told that she can expect to get raises of $ 2 , 000 $2,000 every year going forward. how much money in salary would hawa make in her 11th year working at this job?
Answers
The salary that Hawa will make in her 11th year of working at the job is $56,000.
Hawa has just been employed for a new job and will earn $36,000 in her first year. Hawa was also told that she can expect to get an annual increment of $2,000 going forward.
We want to determine the amount of money Hawa will earn in salary in her 11th year of working at this job. It is a good idea to break down this problem year by year to make it easier to solve. In the first year, Hawa earns $36,000
In the second year, Hawa will earn $2,000 more than she earned in the previous year.
Thus, she will earn: $36,000 + $2,000 = $38,000
In the third year, Hawa will earn $2,000 more than she earned in the second year.
Thus, she will earn: $38,000 + $2,000 = $40,000
In the fourth year, Hawa will earn $2,000 more than she earned in the third year.
Thus, she will earn: $40,000 + $2,000 = $42,000
And so on and so forth. We can see that Hawa earns an additional $2,000 each year.
Thus, in her eleventh year, she will earn $36,000 + ($2,000 × 10) = $36,000 + $20,000
= $56,000.
Therefore, the salary that Hawa will make in her 11th year of working at the job is $56,000.
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To buy a product, customers in a market must first
Answers
To buy a product, customers must first have the need for the product.
Customers cannot just simply buy anything or everything when it comes to products. People love shopping but money is a very useful and powerful resource and customers understand it well, so they don't want to spend it on useless things.
Firstly, there should be a need or a desire to buy a particular product. After that the customer decides his or her budget or the money he would like to spend on that product. If it crosses his or her budget, then the customer may not able to buy the product.
Lastly, there should be willingness to buy the product. Nowadays, we get impressed by big brands, malls and stores giving us immense discounts for even our daily needs. That is how knowingly or unknowingly, we tend to shop more.
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the client in a listing agreement would be the: select one: a. salesperson taking the listing b. seller of the listed property c. listing broker d. buyer
Answers
The client in a listing agreement would be the b. seller of the listed property.
We can describe a listing contract as a kind of contract in which the owner of the property holds a real estate broker as the acting agent of the owner. As a result of the listing agreement, the broker has the authorization to find a buyer for the seller.
The listing agreement will hence contain the name of the seller who agrees to have a real estate broker in order to sell his property.
With the usage of a broker, it becomes easier for a seller to sell the property and for a buyer to buy the property.
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Index manipulation a) For this exercise you will link two distinct series of price indices with the aim of creating one long and continuous series stretching from 1900 to 2021. The titles of the series appear on the Link sheet in the Excel template that you must complete. The link period is year 1914, i. E. , the first year that is common to both series. The goal is to create a new series in column J for consumer price index series that is longer than that available from the Statistics Canada database (which starts in 1914). We will use this information in b) to make a revealing calculation. A. The hourly wage of a master electrician in Toronto in 2021 is $40. 00; in contrast, the comparable wage in 1901 was $1. 00 (both figures are in nominal dollars). Using the information in a), calculate the equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901. Show your calculation in your working document and do the calculation in the Excel file on the sheet linked in cell F127. Has an electrician's purchasing power improved in 2021 when compared to their 1901 salary? Explain the logic of your answer in your working document
Answers
(a) The equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901 is approximately $27.40. (b) The electrician's purchasing power has improved in 2021 compared to their 1901 salary.
To calculate the equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901, we need to adjust the 1901 wage for inflation using the consumer price index (CPI) series.
Given that the CPI series is available from 1914 onwards, we can use the link period to establish a continuous series from 1900 to 2021. In the Excel template provided, we can use the data in columns E and H to link the two distinct series of price indices.
Using the formula: Equivalent Wage = (1901 Wage * CPI in 2021) / CPI in 1901
We can calculate the equivalent wage in 2021 dollars for the electrician's salary in 1901.
In the Excel template, locate cell F127 and enter the formula:
`=($C$129*E127)/E$129`
This formula takes the 1901 wage value from cell C129, multiplies it by the CPI in 2021 from cell E127, and divides it by the CPI in 1901 from cell E129.
Upon calculating the formula, we find that the equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901 is approximately $27.40.
Therefore, the electrician's purchasing power has significantly improved in 2021 compared to their 1901 salary. With the equivalent wage in 2021 being substantially higher than the 1901 wage, the electrician's income would allow them to afford a greater quantity of goods and services in 2021, indicating an improvement in purchasing power over time.
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which u.s. currency bill was the largest ever printed for public use?
Answers
Answer:
The $10,000
Explanation:
"The $10,000 bill was the largest-ever printed denomination for the public, making its first appearance in 1918. The face of Salmon P. Chase, Abraham Lincoln's Secretary of the Treasury and Chief Justice of the Supreme Court, graced the front of this large bill."
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A company is considering a 5.year project to expand production with the purchase of a new automated machine using the latest technology. The new machine would cost 5190,000 FOB 5 t. Louis, with a shipping cost of $5,000 to the plant location, installation expenses of 510,000 would also be required. This new machine would be classified as 7-year property for MACRS depreciation purposes. The project engineers anticipate that this equipment could be sold for salvage for $38,000 at the end of the project. If the corporate tax rate is 25%. what is the after tax salvage cash flow for this new machine at the end of the project? (Answer to the nearest dollar.) MACRS percentages for depreciation each year are as follows:
Answers
The salvage value of the machine is $38,000. To determine the tax implications, we need to calculate the depreciation expense for each year using the MACRS percentages.
Year 1 depreciation expense: $195,000 * 20.00% = $39,000
Year 2 depreciation expense: $195,000 * 32.00% = $62,400
Year 3 depreciation expense: $195,000 * 19.20% = $37,440
Year 4 depreciation expense: $195,000 * 11.52% = $21,264
Year 5 depreciation expense: $195,000 * 11.52% = $21,264
Year 6 depreciation expense: $195,000 * 5.76% = $11,232
To calculate the tax savings from depreciation, we multiply each year's depreciation expense by the tax rate of 25%:
Year 1 tax savings: $39,000 * 25% = $9,750
Year 2 tax savings: $62,400 * 25% = $15,600
Year 3 tax savings: $37,440 * 25% = $9,360
Year 4 tax savings: $21,264 * 25% = $5,316
Year 5 tax savings: $21,264 * 25% = $5,316
Year 6 tax savings: $11,232 * 25% = $2,808
The after-tax salvage cash flow is calculated by adding the salvage value to the total tax savings:
After-tax salvage cash flow = Salvage value + Total tax savings
After-tax salvage cash flow = $38,000 + ($9,750 + $15,600 + $9,360 + $5,316 + $5,316 + $2,808)
After-tax salvage cash flow = $38,000 + $48,150
After-tax salvage cash flow = $86,150
Therefore, the after-tax salvage cash flow for the new machine at the end of the project is $86,150.
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Question 2 of 10
Which of the following questions can a balance sheet help to answer?
O A. Does the business have too many customers?
B. Does the business have too many employees?
O C. Has too much credit been extended?
OD. Is the business making the right products
Answers
balance sheet help to answer if the company has too much credit extended. (option C) is the right
balance sheet tell us about the assets and liabilities of the company at a point of time.
we can not know about the following just by seeing the balance sheet of the company.
Does the business have too many customers?
Does the business have too many employees?
Is the business making the right products
but the credit given by the company will be shown under the liability heading so that by seeing the balance sheet we can know whether too much credit is extended by the company?
hence, Has too much credit been extended? can be answered through the balance sheet of the company
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ACTIVITY 2.
Identify and explain briefly the question below
1 What are the 4P's in marketing plan?Explain each
А__________
B__________
С__________
D__________
Answers
Answer:
A. Product
B. Price.
C. Place.
D. Promotion.
Explanation:
Marketing plan can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
Generally, a marketing plan is made up of the four (4) Ps and these includes;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
types of waves that can be plane polarized
Answers
What is the purpose of an interest group AP Gov?
Answers
Interest Group is a collection of people who share a common interest or attitude and seek to influence government for specific ends. They usually work within the framework of government, and try to achieve their goals through tactics such as lobbying.
Interest groups, otherwise called specific Interest groups, support gatherings, or tension gatherings, are relationship of individuals or associations that are normally officially comprised and that expect to influence public arrangement in support of themselves in light of at least one shared concerns. All Interest groups share the longing to impact administrative arrangement to propel their causes or themselves. Their goal might be a strategy that main advantages a particular arrangement of individuals or a specific area of society (like government sponsorships for ranchers) or an approach that encourages a bigger cultural objective (e.g., further developing air quality). By applying strain on chiefs to change strategy results in support of themselves, they attempt to campaign to accomplish their objectives.
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Which of the following is a factor in determining what laws and regulations
affect a particular business?
A. Business name
B. Date business was founded
C. Business size
D. Design of business logo
Answers
companies promoting alternative standards can be locked out of the market when consumers are unwilling to bear the switching costs required to abandon the established standard and adopt the new standard. true false
Answers
true : Consumers must pay switching costs in order to switch from a product built on one technological standard to a product built on a different one.
Which advantage comes from creating technical standards?Technology benchmarks Maintain product differentiation while ensuring system interoperability. Increase the addressable markets for current products and technologies while creating new markets. By utilizing economies of scale and multiple vendors, improve cost effectiveness.
What do format wars aim to accomplish?An illustration of a technical standard is the arrangement of the keys on a keyboard. A company's profitability and survival may ultimately be impacted by the outcome of format wars to control the source and customer value of differentiation.
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Information gathering to be used for decision-making goes back to the earliest days of recorded history. in the united states, surveys were used in the early 1800s to determine: the popularity of saloon entertainers. the popularity of early sports teams. the popularity of regional foods. the popularity of political candidates.
Answers
Answer: the popularity of political candidates.
Explanation:
Surveys in the 1800s were used in politics as a form of opinion polls to find out who the people thought would win in an upcoming election. The earliest known survey was done in July 1824 and was meant to find out the more popular candidate between Andrew Jackson and John Quincy Adams.
That survey was won by Andrew Jackson with a majority of 70% after which he went on to win the popular vote by a very narrow percentage but didn't become president as John Quincy Adams was voted in by Congress.
According to path-goal theory, which of the following statements regarding the importance of follower characteristics are true? -Locus of control is the extent to which people believe they can affect their environment.
-Authoritarianism is the degree to which individuals defer to authority.
-Ability is people's beliefs about their abilities to perform their jobs.
Answers
According to the path-goal theory, the statement that is true regarding the importance of follower characteristics is: "Locus of control is the extent to which people believe they can affect their environment."
Path-goal theory focuses on the relationship between leaders and followers, emphasizing how leaders can enhance followers' motivation and performance. Follower characteristics play a vital role in this theory, and among the mentioned characteristics, locus of control is relevant.
Locus of control refers to a person's belief in their ability to influence events and outcomes in their environment. Individuals with a high internal locus of control believe they can affect their surroundings, while those with an external locus of control believe external factors determine outcomes.
This characteristic impacts how followers perceive and respond to different leadership styles, ultimately influencing their motivation and job performance.
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6) What is an example of employee incentives?
A) networking, internet, and newspapers that offer job opportunity information
B) insurance, medical, and retirement plans that employers offer to help employees
c) references, resumes, and cover letters that are required by the employer
D) salary, telecommuting, and weekly pay checks that make a job appealing to employees
Answers
An example of employee incentives includes B) insurance, medical, and retirement plans that employers offer to help employees.
These benefits are commonly known as employee benefits or perks and are designed to attract and retain talented employees by providing additional value beyond the basic salary. Insurance plans can include health insurance, dental insurance, vision coverage, or life insurance, which contribute to the well-being and financial security of employees and their families. Medical plans often cover expenses related to healthcare services, such as doctor visits or prescription medications. Retirement plans, such as 401(k) or pension plans, help employees save and invest for their future. These incentives demonstrate an employer's commitment to the overall welfare and long-term financial stability of their employees. Other examples of employee incentives can include bonuses, stock options, flexible work arrangements, professional development opportunities, or employee recognition programs. Option B
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what is the approximate frequency of interglacial periods?
Answers
The approximate frequency of interglacial periods is about 100,000 years. Interglacial periods occur approximately every 10,000–100,000 years. The exact frequency depends on several factors, including changes in Earth's orbit and the orientation of its axis.
The Milankovitch Cycles, which are periodic changes in the Earth's orbit, are the primary driver of these interglacial periods. The period of the Milankovitch cycle is roughly 100,000 years.
An interglacial period is a geological term for a warm period that takes place between two ice ages in the Earth's geological history. These periods of glacial advance and retreat are caused by subtle shifts in Earth's orbit around the sun, which affect the amount of sunlight different regions receive at different times of the year.
The approximate frequency of interglacial periods is about 100,000 years. The current interglacial period, which began roughly 12,000 years ago, is known as the Holocene epoch.
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1.2Describe the demand curve of the farmer.Justify your answer
Answers
Answer:
In this scenario, the farmer's demand curve is likely to be upward-sloping, indicating that as the price of rice increases, the quantity of rice the farmer is willing and able to supply also increases.
Explanation:
The demand curve for the farmer's produce (in this case, rice) is influenced by various factors such as the cost of production, input prices, and market conditions.
In this scenario, the farmer's demand curve is likely to be upward-sloping, indicating that as the price of rice increases, the quantity of rice the farmer is willing and able to supply also increases.
Justification:
1. Rent and labour costs: The farmer has fixed costs such as land rent and labour wages. These costs are independent of the quantity of rice produced. Higher fixed costs may put upward pressure on the price at which the farmer is willing to sell rice to cover these expenses.
2. Input costs: The farmer incurs costs for acquiring raw materials like seeds, water, fertilizer, and pesticides. If the prices of these inputs increase, the farmer's cost of production increases, leading to an increase in the price at which the farmer is willing to sell rice.
3. Market conditions: The farmer's demand curve may also be influenced by market conditions such as the overall demand and supply of rice. If there is high demand for rice or a shortage of supply, the farmer may be able to command a higher price for their produce.
4. Quantity produced: In this scenario, the farmer produces 30 tonnes of rice after the harvest. As the quantity of rice produced increases, the farmer may be more willing to sell at a lower price to ensure all the rice is sold and avoid potential losses due to spoilage or storage costs.
Overall, considering the costs of production, input prices, and market conditions, the farmer's demand curve for rice is likely to be upward-sloping, indicating a positive relationship between price and quantity supplied.
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the book value per share of common stock is computed as follows: question 49 options: assets/number of shares outstanding. liabilities/number of shares outstanding. total common stockholders' equity/number of shares outstanding. value of the company's assets/price of the book it's listed in.
Answers
The book value per share of common stock is computed by dividing the total common stockholders' equity by the number of shares outstanding. This can be expressed as Total Common Stockholders' Equity / Number of Shares Outstanding.
What is Stock?
A stock, often known as a share or equity, represents a tiny fraction of ownership in a corporation. Stocks are one of the most common types of financial assets, with shares of stocks traded on major exchanges all over the world, including the NYSE and NASDAQ in the United States. Each share of stock represents a portion of ownership in a corporation, which entitles the holder to a portion of the corporation's earnings and assets (after liabilities are paid).
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On January 1 of last year, Randy was awarded 15,000 ISOs at an exercise price of $3 per share when the fair market value of the stock was equal to $3. On April 17 of this year, Randy exercised al of his ISOs when the fair market value of the stock was $5 per share. At the date of exercise, what are the tax consequences to Randy? a. $0 W-2 income, $30,000 AMT adjustment b. $0 W-2 income, $75,000 AMT adjustment. c. $30,000 ordinary income, $30,000 AMT adjustment. d. $75,000 ordinary income, $0 AMT adjustment.
Answers
This is because when Randy exercises his ISOs, he must recognize $30,000 of ordinary income on his W-2. This is the difference between the fair market value of the stock ($5) and the exercise price of the stock ($3) multiplied by the number of shares (15,000).
Here correct answer is C)
In addition, Randy will have an AMT adjustment of $30,000, which is the amount of ordinary income earned on the exercise of the ISOs.
This is because the AMT uses a different set of rules and calculations to determine taxable income than the regular income tax system, and so the AMT adjustment exists to ensure that Randy pays the same amount of tax regardless of which system is used.
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culver corporation issued 2850 shares of stock. the stock has a par of $5.00 per share and was issued for a total of $51,000.
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Culver Corporation issued 2850 shares of stock with a par value of $5.00 per share. The total value of the shares issued was $51,000
The par value of a stock is the nominal or face value stated on the stock certificate. In this case, the par value of each share is $5.00. To find the total value of the shares issued, we multiply the number of shares (2850) by the par value ($5.00): 2850 shares * $5.00/share = $14,250.
However, the shares were issued for a total of $51,000, which means the company received additional capital above the par value. This additional amount is called "additional paid-in capital" or "capital surplus," and it represents the difference between the total issuance price and the total par value.
Additional paid-in capital = Total issuance price - Total par value
Additional paid-in capital = $51,000 - $14,250 = $36,750
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which of the following taxes are regressive taxes and which are progressive taxes? progressive tax sales tax press space to open social security tax press space to open income tax press space to open wealth tax on assets above $50 million
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A progressive tax system is one where the tax rate increases as income increases.
Income tax and wealth tax on assets above $50 million are both examples of progressive taxes. The more income or wealth one has, the higher the percentage of tax they pay.
On the other hand, a regressive tax system is one where the tax rate decreases as income increases. Sales tax and social security tax are both examples of regressive taxes. In a sales tax system, everyone pays the same tax rate regardless of their income. This means that lower-income earners will pay a higher percentage of their income in taxes than higher-income earners.
Similarly, social security tax is a regressive tax because the tax rate is fixed at a certain percentage of income, regardless of how much one earns. This means that higher-income earners will pay a smaller percentage of their income in social security tax than lower-income earners.
Overall, a progressive tax system is considered more equitable because those who have more income or wealth are able to contribute a larger percentage of their resources towards supporting government services and programs.
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The goal of the managers of a publicly owned company should be to maximize the firm’s.
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The goal of the managers of a publicly owned company should be to maximize the firm’s common stock value.
What is a publicly owned company?A public company, also known as a publicly traded company, publicly owned company, publicly listed company, or public limited company, is a company whose stock is freely listed on a stock exchange or in over-the-counter marketplaces.A public (publicly traded) company may or may not be listed on a stock exchange (listed company), which facilitates share trading (unlisted public company).Public companies of a certain size must be listed on an exchange in some jurisdictions.In most cases, public companies are private enterprises in the private sector, and the term "public" emphasizes their public market reporting and trading.A publicly traded company's managers should strive to maximize the firm's common stock value.Therefore, the goal of the managers of a publicly owned company should be to maximize the firm’s common stock value.
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All of the following are examples of body language except:
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Answer:
using humor to describe a situation
Answer:
I would go with b. using humor to describe a situation
Explanation:
Using humor is basically trying to accentuating your point/situation,so that's excluded.
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