A firm that must invest in new information systems capabilities in order to comply with federal legislation can be said to be investing to achieve which business objective?

Answer:

Explanation:

Labor productivity = Total output/ Total Input  

Labor rate = $10. Labor hours = 1,000

So total labour input = 1,000*10= 10,000.

Materials and energy cost input = 2000+500

⇒ total input = 10,000+ 2000+500= 12500

Total output (units produced) = 10,000

Labor productivity= 10,000/12500= 0.80

Answer:

Option (d) is correct.

Explanation:

The opportunity cost refers to the benefit that would be obtained from the next best alternative.

Here, given that

Tuition cost for attending college = $14,000 per year

Room cost = $5,000

Money income could be earned = $26,000

Therefore, the Opportunity cost is as follows:

= $14,000 + $5,000 + $26,000

= $45,000

Answer:

B. There will be a decrease in supply.

Explanation:

The switch would cause the amount of cow rearers to fall. The amount of cow available would fall and there would be a decrease in the supply of beef.

I hope my answer helps you

If people raising cows switch to selling t-shirts, the supply of beef will decrease. Fewer producers in the market mean less quantity of beef produced and supplied. Other variables, such as importation of beef, are ignored.

If many people who earn a living raising cows decide to switch occupations and start selling t-shirts, this will lead to a decrease in supply of beef. This is because when these producers exit the beef production market, less beef is produced and supplied. Less producers in the market equates to less quantity of the product (in this case, beef) being supplied. This concept is fundamental in the realm of supply and demand in economics. It's important to note, however, that other variables, such as importation of beef, is ignored in this scenario.

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Answer:

Labor leads to more love when participants successfully completed the task.

Explanation:

The answer is already provided in the question.

Answer:

Explanation:

The journal entry is shown below:

Supplies expense A/c Dr $1,700

                  To Supplies A/c $1,700

(Being supplies account is adjusted)  

The supplies expense is computed below  

= Purchase value of supplies - supplies on hand  at year end

= $2,100 - $400

= $1,700        

For recording, this given transaction we debited the supplies expense account as the remaining balance is transferred to supplies expense and credited the supplies account

Answer:

debt ratio = 31.67 %

Explanation:

given data

Total Assets = ​$420,000

Total Liabilities ​= 133,000

Total Equity = ​287,000

to find out

debt ratio

solution

we get here debt ratio that is express as

debt ratio  = [tex]\frac{total\ liability}{total\ assets}[/tex] ×  100   ............................1

put here value and we will get

debt ratio = [tex]\frac{133000}{420000}[/tex] ×  100

debt ratio = 0.31666 ×  100  

debt ratio = 31.67 %

The debt ratio of Durable Plastics Company as of December 31 is 31.67%.

The debt ratio is a financial ratio that measures the proportion of a company's total debt to its total assets. It indicates the percentage of a company's assets that are financed by debt. To calculate the debt ratio, divide the total liabilities by the total assets and multiply by 100. In this case, the debt ratio for Durable Plastics Company as of December 31 would be:

Debt Ratio = (Total Liabilities / Total Assets) × 100

Debt Ratio = (133,000 / 420,000) × 100

Debt Ratio = 31.67%

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Answer:

c. Motivating managers and other employees toward the organization's goals.

Explanation:

Answer:

1. 2.5; 1.2

2. Project A

Explanation:

Given that,

Project 1 requires:

Initial investment = $520,000

Present value of cash flows = $1,300,000

Project 2 requires:

Initial investment = $5,000,000

Present value of cash flows = $6,000,000

1.

Profitability index = Present Value of Cash inflows ÷ Investment

Project A = $1,300,000 ÷ $520,000

                = 2.5

Project B = $6,000,000 ÷ $5,000,000

               = 1.2

2. Project A will be preferred because it has a higher profitability index than project B.

Final answer:

To determine the preferable project for Yokam Company, the profitability index is calculated for both projects. Project 1 has a profitability index of 2.5, and Project 2 has a profitability index of 1.2. Thus, Project 1 is preferable due to its higher profitability index.

Explanation:

The question asks to compute the profitability index for two projects and determine which project Yokam Company should prefer based on this index. The profitability index (PI) is calculated as the present value of cash flows divided by the initial investment.

Based on the profitability index, Yokam Company should prefer Project 1 as it has a higher PI, indicating a greater return per dollar invested.

Answer:

The new helmets will decrease the probability of a concussion resulting from each individual collision as there will be a decrease in the risk of head trauma. The new helmets could also give football players an incentive to play more recklessly which in turn increases the amount of violent collisions. Therefore, the numbers of concussions suffered by NFL players are equal.

Answer:

The new helmets will decrease the probability of a concussion resulting from each individual collision as there will be a decrease in the risk of head trauma.

Explanation:

Answer:

The effective rate on the loan is 13/18% or 0.722%

Explanation:

36 monthly payments of $700 will give = 700*36=$25200

Amount= $25200

Principal= $20000

Interest= amount - principal

Interest= 25200 -20000

=$5200

Rate= (100* interest)/principal*time

= (100*5200)/(20,000*36)

=13/18 %

= 0.722%

The effective annual rate on the loan is 0.722%

My choice would be "Coordinating work with customer and other units of the organization".

Explanation:

The given options talk about team work and it purely depends on the responsibility assigned by Team lead to the team under him/her.

Work teams in organizations often assume activities traditionally for managers including selecting new team members, scheduling work, and coordinating with customers and other units. This allows organizations to be more responsive to changes and needs while fostering a better understanding amongst team members and their tasks.

In modern organizations, work teams often take on many of the activities traditionally managed by managers. Among these responsibilities are selecting new team members, scheduling work, and coordinating work with customers and other units within the organization. This shift allows organizations to be more agile and responsive to changes and needs.

Selecting new team members involves assessing candidates for skills and fit within the team's culture. This can often result in a better match than a manager might achieve because the team members understand their needs and dynamics more intimately.

Scheduling work involves planning and ensuring the jobs and tasks within the team are completed in a timely and effective manner. The team can adjust schedules based on their understanding of the tasks, their complexity, and interdependencies.

Coordinating work with customers and other units requires communication and collaboration skills. Teams may be better placed to understand and respond to the needs of customers and other units, as they are closely involved in the actual work.

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Answer:

The correct answer is letter "D": Research and theory are interdependent.

Explanation:

A theory is the conclusion of an idea regarding a certain topic. To support that idea, facts are needed. Those facts are found thanks to research. However, research itself would not have a purpose if the main intention of the study would not be to propose a theory. Thus, both theory and research are interdependent.

To maximize his spending in Brazil, Ryan should have exchanged his money when the USD to BRL exchange rate was at its highest. Without specifics about the exchange rates over various months, it's impossible to precisely determine when he should have done so. The principle remains, the most advantageous time would be during the peak USD/BRL exchange rate.

In this scenario, to maximize his Brazilian spending money, Ryan should have exchanged his money when the exchange rates were highest. This means Ryan should have selected the month where 1 USD was valued at the maximum possible amount of Brazilian Real (BRL or R$). However, the question doesn't provide any specific exchange rates aside from the one he got at the airport.

For instance, imagine that in June the exchange is BRL 3.5 per 1 USD. If he had exchanged his $16,000 then, he would have gotten BRL 56,000. On another time, the exchange rate might be lower (let's say BRL 3.1 equals 1.00 USD). Here, if he exchanged his dollars, he would get a lesser amount of BRL.

Therefore, without knowing the other rates, we cannot accurately or definitively say when Ryan should have exchanged his money, but the principle remains: he should do so when the USD/BRL exchange rate is at its peak.

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Ryan Lock was looking for the best time to exchange his dollars for Brazilian Real to have maximum spending money in Rio. The best time would have been when the exchange rate was the highest, providing more BRL per USD. Without concrete monthly exchange rates for 2016, we cannot determine the exact optimal exchange moment.

Ryan Lock needs to find the optimal time to exchange his dollars for Brazilian Real (BRL) to maximize his spending money during the Olympic Games in Rio de Janeiro. To determine when he should have exchanged his dollars for real, one must consider the average monthly exchange rates. The goal is to find the time period when the dollar's value was highest relative to the real, thus yielding more real per dollar.

From the given information, the market exchange rate for the Brazilian Real could potentially be 35 cents/real. However, Brazil's government might set it at 30 cents/real. To maximize Brazilian spending money, Ryan would be interested in a lower exchange rate value, the number of reals per dollar, because that would give him more reals for each dollar he exchanges.

Answer:

correct answer is d . $6,778

Explanation:

we get here total federal income tax that will be

as we know that

federal income tax withholding barbara  = $2784

federal income tax withholding mark =$2253

form SSA 1099          =  $1721

and form 1099 interest income = $20

we get total federal income tax that is sum of all four

total federal income tax = $2784 + $2253 + $1721 + $20  

total federal income tax =  $6,778

so correct answer is d . $6,778

Answer:

1.33

Explanation:

The size of the multiplier is the one which grounded on the marginal decisions of the household for spend, that is called as the MPC (stands for Marginal Propensity to consume), also referred to as the marginal propensity to save (MPS).

The formula to compute the size of the multiplier is as follows:

Size of multiplier = 1 / MPS

where

MPS is 0.75

So,

Size of multiplier = 1 / 0.75

= 1.33

Answer:

The correct option is C.

the plaintiff had no role in causing the harm.

Explanation:

red IPSA loquitur is a Latin word that means 'the things speaks for itself.'

It means a situation that occurred due to negligence

Therefore the right option is c.

The plantiff must demonstrate all but ;

the plaintiff had no role in causing the harm.

Final answer:

In establishing res ipsa loquitur, direct evidence of the defendant's lack of due care is not required. This legal doctrine implies negligence from the nature of the accident or injury, under circumstances indicating that the defendant had control, and it would not have occurred without negligence.

Explanation:

To establish res ipsa loquitur in most states, a plaintiff must demonstrate certain elements. These typically include that the harm would not ordinarily occur without negligence, the plaintiff did not contribute to the cause of the harm, and the defendant had exclusive control of the thing that caused the harm. The one element that is not required for res ipsa loquitur is direct evidence of the defendant's lack of due care because res ipsa loquitur is a doctrine used precisely when there is a lack of direct evidence, and the circumstances of the incident imply negligence.

Therefore, the correct answer is A: direct evidence of the defendant's lack of due care is not necessary to establish res ipsa loquitur.

Answer:

Explanation:

1. Mineral mine - $9.3 million

Development costs - $2500 000

1/[(1+0.07)^4]=0.76290

Restoration costs = $472995 = [(530k * 0.4)+(630k * 0.3)+($730k * 0.3)] *0.76290

Cost of mine= $9.3 million+$2500 000+$472995 = $12272995

2. Depletion:

($12272995/730000tons)*113000tons=$1899792

Depreciation of machinery=($143400-$12000)/730000 * 113000tons = $20340

Depreciation of structures=($36500/730000tons)*113000tons=$5650

3. Accrecion expense recognized:

$472995*0.07*8/12=$22073

The question involves recording transactions in general ledger accounts, preparing financial statements, and analyzing a company's financial health. Accounting profit is determined by subtracting explicit costs from total revenues. Shareholders invest in a company typically through the purchase of stock, and a bank's net worth can be calculated by subtracting its liabilities from its assets.

The student's question covers several fundamental accounting tasks, including recording transactions, preparing financial statements, and analyzing financial health through ratios. To record the events in the general ledger accounts, each transaction must be categorized and entered according to the principles of double-entry bookkeeping. Subsequently, financial statements such as the income statement, statement of changes in equity, balance sheet, and statement of cash flows can be prepared using the information from the ledger accounts.

For example, to calculate accounting profit, we subtract explicit costs from total revenues. Using the self-check question as a guide:

Accounting profit = total revenues minus explicit costs = $1,000,000 - ($600,000 + $150,000 + $200,000) = $50,000.

To address the question about shareholders and company financing:

To create a T-account balance sheet for a bank:

Assets                                  | Liabilities
-----------------------------------------|-------------------
Government Bonds: $70 | Deposits: $400
Loans:                        $500 |                            
Reserves:                    $50  |
-----------------------------------------|-------------------
Net Worth:                              $220

The bank's net worth is calculated as total assets ($70 + $500 + $50) minus liabilities ($400), which equals to $220.

Lastly, it is not possible to directly determine the cash in retained earnings from the information provided without additional context or a complete set of financial statements.

Answer:

No

Explanation:

Beck was the general manager of company. By signing the company's document, actually company is liable to pay that amount not individual. The claim that Haines make is incorrect as any liability is supposed to be beared by company. The claim that Beck made is correct. because he wrote general manager which means he is an employee of that company. So, liability falls on company rather than individual.

Beck's liability for the debt of Chilkoot Lumber Co. to Haines depends on whether he signed the promise with the intent to be personally bound or merely in his capacity as general manager. Typically, indicating the role next to the signature aims to avoid personal liability, but the context and wording of the agreement are crucial in determining the actual liability.

The question relates to whether Beck, who was the general manager of Chilkoot Lumber Co., is personally liable for the debt of the company to Haines after signing a paper promising to pay the company’s debt. Beck signed the paper with the addition of “general manager,” which he argues shows his intent not to be personally bound by the agreement. In general, when a representative of a company signs an agreement while clearly indicating their representative capacity, they typically are not personally liable for the debts of the company. The specific facts of the case, however, such as the exact wording of the promise and the context in which it was signed, will ultimately determine Beck's liability. If it can be shown that he intended to assume personal responsibility or that he acted beyond the scope of his authority, he might be held liable.

Answer:

D. $708,000

Explanation:

Step 1: Calculate the Value in excess of Cost over book value for the acquistion

a. Shalina Purchased 40% or Evans outstanding stock for $600,000

b. Evan's  net assets was $1,200,000 on that same January 1, 2017

To calculate the excess value

Evan's Net Assets                                                                         $1,200,000

The Book value of Shalina's acquisition ( 40% x $1,200,000)   $480,000

Subtract: The Cost of Acquisition by Shalina                             ($600,000)

Total = Excess of Cost over Book Value for Acquisition              $120,000

This excess is Assigned to Goodwill                                              $120,000

Calculate Goodwill Amortization

= Excess of Cost over book value- Goodwill = $0 (since all were assigned to Goodwill)

Step 2: Calculate the Investment of Shalina in Evan's Company as at 31st December, 2019

Investment Cost by Shalina                                                              $600,000

Portion of 2017 Income accrued to Shalina (40% of $140,000)      $56,000

Subract: Shalina Portion of Dividend declared (40% of $50,000) ($20,000)

Portion of 2018 Income accrued to Shalina (40% of $140,000)      $56,000

Subract: Shalina Portion of Dividend declared (40% of $50,000) ($20,000)

Portion of 2019 Income accrued to Shalina (40% of $140,000)      $56,000

Subract: Shalina Portion of Dividend declared (40% of $50,000) ($20,000)

Shalina's Investment in Evan as at 31st December, 2019            $708,000

Note: Since, Evans company declares the same profit of $140,000 and dividend of $50,000 yearly, it means Shalina's portion of investment should be calculated based on these same figures for the three years.

Answer:

Part A)  

Consumer price index is an amount of the average variation over time in the amounts paid by customers for a market basket of customer goods and services.

CPI= (Updated Cost/Base Period Cost) x 100

For multiple products, we have to ruminate the weights or proportion of expenditure of an item

CPI2= (P2Red xQ1Red) + (P2grn x Q1grn) / (P1Red xQ1Red) + (P1grn x Q1grn)

CPI2= (2 x 10) + (1x0)/ (1x10) + (2x0)

CPI2= 2

Based on the CPI in year 2, prices have doubled.

Part B)

Nominal expenditure is the total worth of outcome produced or expended in each year.

In year 1 and year 2, Abby buys

Year 1= $1 x 10= $10

Year 2= $1 x 10= $10

So, nominal expenditure remains constant at $10.

Part C)

Real expenditure is the quantity consumed or the basket in the current year calculated at the base year price.

Base year prices: Red $1& Green $2

Real expenditure in year 1  = (P1rQ1r) + (P1gQ1g)

                                               =$1x10 + X2x0

                                               = $10

Real expenditure in year 2  = (P1rQ2r) + (P1gQ2g)

                                       = (1x 0) + (2 x 10)

                                       = $20

So, real expenditure has increased from $10 to $20

Part D).

Implicit value deflator in year 1, it is the base year so it will be continuously 1 as the actual and nominal amounts are equal.

Implicit price deflator in year  = nominal expenditure/real expenditure

Implicit price deflator in year 1 = 10/10

                                                = 1

Implicit price deflator in year2  = 10/20

                                                = 0.5

Thus, the implicit value deflator proposes that prices have dropped by half. The cause for this is that the deflator evaluations how much Abby standards her appeals using prices dominant in year 1.

We can perceive from this perception that the green apples are appreciated more .And when Abby consumes more green apples in year 2, it appears that her consumption has augmented as the price deflator standards green apples more than the red apples.

Part E)

Abby considers that red apples and green apples as perfect alternatives, then the cost of living in this budget has not changed in both year it costs $10 to eat 10 apples.

Permitting to the CPl, however, the cost of living has gathered. This is because it only takes into justification the detail that the red apple price has gathered; the CPl overlooks the fall in the price of green apples as they were not in the consumption package in year 1.

In difference to the CPI, the implicit value deflator approximations the cost of living has shared.

CPI is calculated based on the Laspreyers Index method, where the amount in the numerator is the amount in the base year. Where as in the Passche price index, the numerator is the Recent price calculated for current capacity of consumption.

The Laspeyres index inclines to exaggerate rise (in a cost of living framework), while the Paasche index tends to understate it, because the indices do not account for the fact that consumers typically react to value variations by changing the amounts that they buy. For example, if prices go up for good X then, at ceteris paribus, amounts of that good should go downcast.

a) The consumer price index (CPI) for apples is 100 in Year 1 and 200 in Year 2.

b) Abby’s nominal spending on apples is $10 in both Year 1 and Year 2.

c) Abby’s real spending on apples is $10 in Year 1 and $5 in Year 2.

d) The implicit price deflator is 1 in Year 1 and 2 in Year 2.

Let's go through each part of the problem with detailed step-by-step calculations.

Part (a): Compute a Consumer Price Index (CPI) for Apples

Year 1 (Base Year):

- Red apples: $1 each

- Green apples: $2 each

- Abby buys 10 red apples.

Cost of the basket in Year 1:

[tex]\[ \text{Cost}_{\text{Year 1}} = 10 \times 1 = \$10 \][/tex]

Year 2:

- Red apples: $2 each

- Green apples: $1 each

To calculate the CPI, we use the same basket as in Year 1 (10 red apples):

[tex]\[ \text{Cost}_{\text{Year 2}} = 10 \times 2 = \$20 \][/tex]

CPI Calculation:

[tex]\[ \text{CPI in Year 1} = \frac{\text{Cost of basket in Year 1}}{\text{Cost of basket in Year 1}} \times 100 = \frac{10}{10} \times 100 = 100 \][/tex]

[tex]\[ \text{CPI in Year 2} = \frac{\text{Cost of basket in Year 2}}{\text{Cost of basket in Year 1}} \times 100 = \frac{20}{10} \times 100 = 200 \][/tex]

Part (b): Compute Abby’s Nominal Spending on Apples

Year 1:

[tex]\[ \text{Nominal Spending in Year 1} = 10 \times 1 = \$10 \][/tex]

Year 2:

[tex]\[ \text{Nominal Spending in Year 2} = 10 \times 1 = \$10 \][/tex]

Part (c): Compute Abby’s Real Spending on Apples (Using Year 1 as the Base Year)

Year 1:

[tex]\[ \text{Real Spending in Year 1} = \text{Nominal Spending in Year 1} = \$10 \][/tex]

Year 2:

[tex]\[ \text{Real Spending in Year 2} = \frac{\text{Nominal Spending in Year 2}}{\text{CPI in Year 2}} \times 100 \][/tex]

[tex]\[ \text{Real Spending in Year 2} = \frac{10}{200} \times 100 = \$5 \][/tex]

Part (d): Compute the Implicit Price Deflator

Year 1:

Deflator in Year 1 =Nominal Spending in Year 1 / Real Spending in Year 1 = 10/10 = 1

Year 2:

Deflator in Year 1 =Nominal Spending in Year 2 / Real Spending in Year 2 = 10/5 = 2

Summary

1. CPI Calculation:

  - CPI in Year 1: 100

  - CPI in Year 2: 200

2. Nominal Spending:

  - Nominal Spending in Year 1: $10

  - Nominal Spending in Year 2: $10

3. Real Spending:

  - Real Spending in Year 1: $10

  - Real Spending in Year 2: $5

4. Implicit Price Deflator:

  - Deflator in Year 1: 1

  - Deflator in Year 2: 2

From Year 1 to Year 2, the CPI for apples increases from 100 to 200, Abby’s nominal spending remains constant at $10, her real spending decreases from $10 to $5, and the implicit price deflator increases from 1 to 2.

Complete question : Abby consumes only apples. In year 1, red apples cost $1 each, green apples cost $2 each, and Abby buys 10 red apples. In year 2, red apples cost $2, green apples cost $1, and Abby buys 10 green apples. a) Compute a consumer price index for apples for each year. Assume that year 1 is the base year in which the consumer basket is fixed. How does your index change from year 1 to year 2? b) Compute Abby’s nominal spending on apples in each year. How does it change from year 1 to year 2? c) Using year 1 as the base year, compute Abby’s real spending on apples in each year. How does it change from year 1 to year 2? d) Defining the implicit price deflator as nominal spending divided by real spending, compute the deflator for each year. How does the deflator change from year 1 to year 2?

Answer:

Goodwill    35,000 debit

   Investment in Gates      25,000 credit

  Retained Earnings          10,000 credit

--to adjust for change of method--

Explanation:

600,000 x 15% = 90,000

purchased at     105,000

goodwill of 15,000

+ 150,000 x 15% of net income = 22,500

- 50,000 x 15% dividends          =   (7,500)

investment at the end of 2013:

90,000 + 22,500 - 7,500 = 105,000

Then we purchase 25%

105,000 represent 15%

thus 25% would be: 105,000 / 0.15 x 0.25 = 175,000

purchased at 200,000

goodwill of 25,000 to be recognized.

So, equity method will be:

105,000 + 175,000 = 280,000 for the proportional equity

and 15,000 + 25,000 = 35,000 goodwill

Total of 315,000

While fair value will not recognize goodwill. and also, the investment is not modified when dividends and the gain for the year are delcared.

It measure at cost unless the market value of the stock decrease so we got:

105,000 1st purchase + 200,000 2nd purchase = 305,000

To adjust we are going to decrease investment by 25,000 and increase goodwill by 35,000 the other will go into retained earnings to balance out.

To switch from the fair-value method to the equity method, an adjustment is needed for the initial investment in Gates Corporation.

To change from the fair-value method to the equity method, an adjustment needs to be made for the initial investment in Gates Corporation. The fair-value method recognizes changes in the value of the investment each reporting period, while the equity method only recognizes the investor's share of the net income or loss of the investee. Therefore, the adjustment would involve removing any fair-value adjustments made under the fair-value method and recording the initial investment at its original cost.

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Answer:

The correct answer is letter "A": Deciding how they wish to balance the available organizational resources among the different types of projects.

Explanation:

While managing a portfolio system, the governance team has many duties such as assessing the risk the portfolio represents, giving also an overview of all the project management activities and the measure of those projects compared to competitors. How to allocate the company resources for each organizational project of the firm, relies on managers directly.

The responsibilities of the governance team when managing a portfolio system involve tasks such as resource allocation, project prioritization, and progress evaluation.

The responsibility of the governance team when managing a portfolio system involves several tasks, including:

Therefore, the correct answer is C. Evaluating the progress of the projects in the portfolio.

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Answer:

1. Standards

2. Audit and Attest Standards

3. Generally Accepted Accounting Principles (GAAP)

4. Shareholders

Explanation:

1. Financial statements are required to be audited and should be in accordance with all applicable standards followed in the country.

2. AICPA issues, develops and enforces different standards (example code of professional conduct and consulting services standard). Auditing standards board of AICPA pronouncements are also known as Audit and Attest Standards.

3. The standards which are followed in the United States is GAAP Generally Accepted Accounting Principles. It’s a rule based accounting principle which is enforceable in the United States.

4. Audit report is required to be addressed to the Board of Directors and the company shareholders.

Answer:

1. Financial Reporting Framework

2. Statements on Auditing Standards (SASs)

3. Generally Accepted Accounting Principles (GAAP)

4. Shareholders

Explanation:

1. The purpose of an audit conducted in accordance with generally accepted auditing standards is to provide financial statement users with an opinion by the audtor on whether the financial statements are presented fairly in all material respects, in accordance with the applicable Financial Reporting Framework.

2. The serially numbered pronouncements issued by the Auditing Standards Board of the AICPA as generally accepted auditing standards are known as Statements on Auditing Standards (SASs).

3. Investors need to compare financial statements of different companies. The standards most frequently followed to prepare financial statements in the United States are Generally Accepted Accounting Principles (GAAP).

4. Public company audit reports must be addressed to the board of directors and the Shareholders.

Answer:

The answer is: The current share price is $47.96.

Explanation:

The current share price is equal to the present value of its expected dividend stream discounting at required return rate of 16%.

We have the dividend stream as followed:

Year 1: $22.00; Year 2:$10.00; Year 3: $8.20; Year 4: $2.80; Year 5: $2.80 * 1.05 = $2,94 and will be growing at 5% constantly afterward ( as dividend will be growing at 5% per year from Year 4 afterward).

So, the current share price is equal to:

22/1.16 + 10/1.16^2 + 8.2/1.16^3 + 2.8/1.16^4 + [Present value as at the end of year 4 of growing perpetuity which is dividend payment after year 4] / 1.16^4 = 33.20 + [ 2.94 / ( 16% - 5%) ] /1.16^4 = $47.96.

So, the current share price is $47.96.

Answer:

E. All the statements are correct

Explanation:

i. Corporations rarely pay tax on the interest income.

This statement is correct. Some companies do not even pay any income taxes.

ii. Higher tax bracket people tend to buy municipal bond because it is federal tax exempt.

Correct, people who have high incomes, and are subject to a high federal income tax rate often buy municipal bonds because these bonds are exempt from federal income tax.

iii. Short term capital gain and long-term capital gain are treated differently for individuals.

Correct. Short-term capital gains are those obtained from the sale of property that was owned for less than one year. This gains are often treated with the highest tax rate.

Long-term capital gains are those obtained from the sale of property that was owned for more than one year, and are treated with more favorable tax rates.

iv. The corporate tax rates in the U.S. is one of the lowest among the developed nations.

This statement is correct. The corporate tax rate in the U.S. is a nominal 21% (the effective rate can be as low as 0% for some companies). This is one of the lowest rates among developed nations, whose rates hover around 25 to 30% on average.

Answer:

Her surplus savings will be worth $503,418 after 25 years.

Explanation:

In this question we are told than Sharon if Sharon saves 4400 each year for 25 years how much money will she have at the end of 25 years if she earns 11% compounded interest. To solve this question we will need a financial calculator.

The present value of her investment is 0. She contributes 4400 each year so her payments are 4400, the number of years are 25, and the interest rate is 11% so we will input these values in a financial calculator and find the future value of her savings.

PV=0

PMT=-4400

I=11

N=25

Compute FV=503,418

Answer:

A. Your high school or college transcript

Explanation:

The banks will evaluate the loan application considering all factors that are pointers to the person's or entity's ability to repay the loan and in due time.

These factors include employment status and your ability to make payments now and in the future, credit history report, savings or other assets (in case there is a need to recover the loan through asset seizures).

The option not considered is high school or college transcript.

Option A.

Answer:

The correct answer is letter "B": Deposit lapping.

Explanation:

Deposit lapping is the fraudulent act in which an individual alters accounts receivables -typically in the form of checks, to cover transactions for cash that has been stolen. The individual takes the following account receivable to cover the theft over and over for as many times as he wishes.