Answer:
D. United Kingdom.
Explanation:
Direct Foreign Investment are long-term investments (usually not related with stock exchange market). The UK accounted for the 15.2% of total foreign direct investments in USA in 2017. This was the higher share per country that year followed by Japan 11.8%, Germany 10.1% and Ireland 8.1%
On June 30 the general ledger of Beverly Hills Clothiers, a clothing store, showed a balance of $63,895 in the Purchases account, a balance of $2,975 in the Freight In account, and a balance of $4,280 in the Purchases Returns and Allowances account. What was the delivered cost of the purchases made during June?
Answer:
$62,590
Explanation:
The computation of the delivered cost of the purchases made is shown below:
= Balance in purchase account + freight in charges - purchase return and allowance
= $63,895 + $2,975 - $4,280
= $62,590
We simply added the freight in charges and deduct the purchase return and allowances to the purchase balance so that the correct amount can come
Final answer:
The delivered cost of the purchases made by Beverly Hills Clothiers during June is $62,590, calculated by adding purchases of $63,895 to freight costs of $2,975 and subtracting returns and allowances of $4,280.
Explanation:
The student asked about calculating the delivered cost of purchases made during June by Beverly Hills Clothiers. To find this value, we utilize the information provided from the general ledger: the balance in the Purchases account, the Freight In account, and the Purchases Returns and Allowances account.
To calculate the delivered cost of the purchases, we must add the cost of purchases to the cost of freight and subtract any returns and allowances. The formula for this calculation is as follows:
Delivered Cost of Purchases = Purchases + Freight In - Purchases Returns and Allowances
Using the given balances:
Purchases: $63,895
Freight In: $2,975
Purchases Returns and Allowances: $4,280
Delivered Cost = $63,895 + $2,975 - $4,280 = $62,590
Therefore, the delivered cost of the purchases made by Beverly Hills Clothiers for June is $62,590.
Carmen is giving a persuasive presentation at her university tomorrow. During the speech design process, Carmen asks herself why her audience is showing up, how the topic could be viewed, and what other speakers will be talking about. These questions are all a part of her
a. audience analysis.
b. relational questions.
c. physical questions.
d. context analysis.
Answer:
Letter a is correct. Audience analysis.
Explanation:
Audience analysis is the preparation stage for a presentation, and is relevant for audience evaluation and definition so that communication is appropriately addressed to them.
Audience definition is important for the direction of the presentation, so you can create an engaging presentation that will create the intended understanding of the presenter and positively impact the audience. For this it is necessary to know some characteristics of the public, such as age group, level of knowledge of the subject, interest, culture and others, in order to trace the ideal profile and the direction to occur effectively.
The free cash flow to the firm is reported as $205 million. The interest expense to the firm is $22 million. If the tax rate is 35% and the net debt of the firm increased by $25, what is the market value of the firm if the FCFE grows at 2% and the cost of equity is 11%?a. $2,168 billionb. $2,397 billionc. $2,565 billiond. $2,998 billion
Answer:
The correct answer is $2,444.6 billion
Explanation:
FCFE= FCF+ Increase in debt- Interest (1-t)
= $205+$25-$22( 1-0.35)
=$215.7
Market Value = [(215.7)1.02)]/ [11%-2%]
=$2,444.6
Assuming a single period growth rate of 2%,
the forecasted FCFE =$215.7(1+0.02)
=$220.01 billion
Although this is not available in the options provided ,$220.01 billion is the correct answer.
Final answer:
The market value of the firm is calculated using the FCFE model, considering the given FCFF, net debt issued, interest expenses after taxes, cost of equity, and growth rate. The resulting market value of the firm is $2,397 million.
Explanation:
To calculate the market value of the firm using the Free Cash Flow to Equity (FCFE) model, we first need to find the FCFE. The FCFE can be calculated by taking the Free Cash Flow to the Firm (FCFF), adding any net debt issued, and then subtracting interest expenses after taxes. We are given that the FCFF is $205 million, net debt issued is $25 million, and the interest expense is $22 million. Taking the tax rate of 35% into account, the after-tax interest expense is $22 million ( 1 - 0.35) = $14.3 million.
The FCFE is therefore $205 million + $25 million - $14.3 million = $215.7 million. Now, to find the market value of equity, we would use the Gordon Growth Model, also known as the perpetuity formula: Market Value of Equity = FCFE ( Cost of Equity - Growth Rate). Plugging in our numbers: Market Value of Equity = $215.7 million ( 0.11 - 0.02) = $2,397 million.
Therefore, the market value of the firm is $2,397 million, which corresponds to option b.
Pelican Partnership makes an operating distribution to Prabakhar consisting of $30,000 in cash and capital assets worth $10,000 (partnership basis $8,000). Immediately prior to the distribution Prabhakar’s outside basis in the partnership was $35,000. What amount of gain will Prabhakar recognize on the distribution, and what is Prabhakar’s resulting outside basis in the partnership?
Answer:
$0 and $0
Explanation:
Since the cash distribution is $30,000 and the Prabhakar outside basis in the partnership is $35,000 which reduced his basis by $5,000 ($35,000 - $30,000)
The Prabhakar outside basis in the partnership i.e $35,000 is more than the cash distribution i.e $30,000 which results in no gain and no outside basis in the partnership.
Liam Company signed a lease for an offi ce building for a period of 12 years. Under the lease agreement, a security deposit of $9,600 is made. The deposit will be returned at the expiration of the lease with interest compounded at 4% per year. What amount will Liam receive at the time the lease expires?Amount at the time the lease expires ___ $.
Answer:
Present value (P) = $9,600
Number of years (n) = 12 years
Interest rate (r) = 4% = 0.04
Future value (FV) = ?
FV = P(1 + r)n
FV = $9,600(1 + 0.04)12
FV = $9,600(1.04)12
FV = $9,600 x 1.6010
FV = $15,370
Explanation:
In this case, there is need to compound the security deposit of $9,600 for 12 years at 4% interest rate per annum. The formula for future value of a lump sum(Single investment) is applied.
Liam will receive $14,208 at the time the lease expires.
Explanation:To calculate the amount Liam will receive at the time the lease expires, we need to calculate the interest earned on the security deposit. The interest is compounded at a rate of 4% per year. Using the formula for compound interest, we can calculate the amount:
Amount = Principal + Principal × Interest Rate × Time
Amount = $9,600 + $9,600 × 0.04 × 12
Amount = $9,600 + $4,608 = $14,208
Therefore, Liam will receive $14,208 at the time the lease expires.
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Which of the following is NOT an assumption that economists make when developing a production possibilities frontier (PPF)?
a. We live in a world with only two goods.
b. There are no increases in technology
c. There is no change in available resources.
d. Society will always be producing somewhere on the PPF.
e. There are no decreases in technology.
Answer:
Option D
Explanation:
Because it is not one of the key assumption underlying ppf
In which of the following situations would each of the members be responsible for producing an equal share of the total amount of output sold by the cartel engaged in joint profit maximization?
A) When the amount of revenue generated by each member of the cartel is the same.
B) When there are no economies of scale in production.
C) When each member of the cartel is using the same scale of production.
D) When marginal costs of production are the same for each of the members of the cartel.
Answer:
In which of the following situations would each of the members be responsible for producing an equal share of the total amount of output sold by the cartel engaged in joint profit maximization?
When marginal costs of production are the same for each of the members of the cartel.
Explanation:
D
Stewart Parnell, the former CEO of the now-bankrupt Peanut Corporation of America, was charged with falsifying food safety reports required by the FDA. The reports certified that his peanut base product was salmonella free. In some cases, the tests were not yet complete when the certification was done and in other cases the tests indicated the presence of salmonella. Part of the case came from federal agents’ examination of e-mails Mr. Parnell sent to his managers and employees. Which of the following is correct about the agents’ access to those e-mails?
a. Because employees e-mails are not private, the agents did not need a warrant.
b. both b and c
c. The agents would have been required to obtain a warrant.
d. Mr. Parnell could successfully object to the use of the e-mails because of his Fifth Amendment rights.
Answer: c. The agents would have been required to obtain a warrant
Explanation: The decision determined that a person’s cell phone contains more information than a person’s house does. A person therefore has a "reasonable expectation of privacy" for the contents in their phone and police should not be able to search an arrestees cell phone without voluntary consent or a valid search warrant. Police are required to have a warrant to search a person’s cell phone even after a valid arrest... So it is very feasible that the agents to search the employees phone would have been asked to get a warranty which they possibly did to have been able to assess such information.
Federal agents would have needed a warrant to access Stewart Parnell's e-mails (option c), because the Fourth Amendment protects individuals' privacy and typically requires a warrant based on probable cause.
The correct answer to the question about Stewart Parnell, the former CEO of the Peanut Corporation of America, and federal agents' access to his e-mails is option c. The agents would have been required to obtain a warrant before accessing the e-mails.
This is because, under the Fourth Amendment, individuals have a right to privacy, and accessing private communications typically requires law enforcement to obtain a warrant based on probable cause.
Option a is incorrect because, although there may be circumstances where employee e-mails are not considered private, generally, a warrant is still needed to access electronic communications. Option d is also incorrect because Mr. Parnell's Fifth Amendment rights, which protect against self-incrimination, do not directly protect the content of his e-mails from being used as evidence, especially if there was a warrant to collect them.
A new tax on gasoline causes a reduction in the purchase of new vehicles with poor fuel economy. This is an example of what type of incentive?a. Negative directb. Positive directc. Negative indirectd. Positive indirecte. The tax does not provide an incentive.
Answer:
Option (C) is correct.
Explanation:
Negative Indirect.
This is due to the indirect affect of tax on the purchase of new vehicle because a new tax on gasoline reduces the consumers incentive to the buy the new vehicles. Therefore, it is a negative indirect incentive.
Also, there is a fall in the number of cars or vehicles purchased because of the tax imposed on the gasoline.
Final answer:
A new tax on gasoline causing the purchase of fuel-inefficient vehicles to decline exemplifies a negative direct incentive, option A
Explanation:
A new tax on gasoline that leads to a decrease in the purchase of new vehicles with poor fuel economy is an example of a negative direct incentive. When the government imposes a tax on gasoline, it effectively raises the price of using vehicles that consume a lot of fuel. As a result, consumers have a financial motivation to avoid these costs by selecting more fuel-efficient vehicles or alternative means of transportation.
This is a direct change in behavior resulting from the economic incentive created by the tax. This approach mirrors what is known as a Pigovian tax, proposed by economist Arthur Pigou, aimed at addressing negative externalities such as air pollution.
Oriole Company built a warehouse for $524,700. It could have purchased the building for $614,800. The controller made the following entry. Buildings 614,800 Cash, Materials, Other Accounts 524,700 Profit on Construction 90,100 Prepare the entry that should have been made to record the acquisition.
Answer:
Building A/c Dr $524,700
To Cash A/c $524,700
(Being the acquisition of building is recorded)
Explanation:
The journal entry is shown below:
Building A/c Dr $524,700
To Cash A/c $524,700
(Being the acquisition of building is recorded)
Since the acquisition is made which increase the fixed asset so we debited the fixed assets account and credited the cash account because cash is gone for acquiring it
All other information which is mentioned is not important. Therefore, ignore d it
A put option on a stock with a current price of $42 has an exercise price of $44. The price of the corresponding call option is $3.60. According to put-call parity, if the effective annual risk-free rate of interest is 6% and there are four months until expiration, what should be the price of the put? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
The price of the put should be $4.73.
Explanation:
Please find the below for detailed explanations and calculations:
We have the put-call parity as:
C + PV(S) = P + MP in which:
C= Price of a call option = $3.6;
PV(S) = Present value of exercise price = 44*e^-6%*(4/12) = $43.13;
MP = current market price = $42.
Thus, P = Value of the put = C +PV(S) - MP = 3.6 + 43.13 - 42 = $4.73
So, the answer is : "The price of the put should be $4.73."
Imagine that you are the marketing manager for a U.S. manufacturer of disposable diapers. Your firm is considering entering the Brazilian market. Your CEO believes the advertising message that has been effective in the United States will suffice in Brazil. Outline some possible objections to this. Your CEO also believes that the pricing decisions in Brazil can be delegated to local managers. Why might she be wrong? Hill, Charles W. L.,Hill, Charles W. L.. Global Business Today (Kindle Locations 16475-16478). McGraw-Hill Higher Education. Kindle Edition.
Answer:
It is wrong to use the same advertising message and it is right to delegate the pricing decisions to local managers who have wide experience.
Explanation:
First of all, it is strongly wrong to think that the advertising message that has been effective in the U.S. will suffice in Brazil and mostly due to the fact that every country has its very own culture and population that tend to see products in a very particular way depending on their beliefs and values. Once said that, the message in the adversiting campaign will have to be unique and made specilly for target customers in Brazil because they will find the product good or bad depending on the culture they rely on.
Secondly, it is also important to delegate the decisions about pricing strategy to managers who have local experience in the subject due to the fact that as said before target customers vary from country to country and even there from regions to regions too. Therefore that it is important to establish a price that feels comfortable to the people inside that economy and that will the make the value of the product high enough so the people will buy it, and for that it is necessary to have an experienced local manager who will understand his own people.
Adapting advertising messages and pricing strategies for the Brazilian market is crucial due to cultural differences, consumer behaviors, and local market conditions, which can greatly influence the success of a U.S. disposable diaper brand's entrance into the country.
The assumption that the advertising message effective in the United States will suffice in Brazil overlooks critical cultural differences and consumer behavior. Examples of advertising failures when not considering local culture have been numerous, indicating the importance of understanding and adapting marketing strategies for local audiences. Additionally, consumer preferences, legal regulations, and advertising standards can vary greatly across countries, posing potential issues both ethically and in terms of brand reception.
Pricing decisions are heavily dependent on local factors such as purchasing power, competition, taxation, and cost structure. Delegating these decisions to local managers without due consideration of the global brand strategy and economic variances can lead to inconsistencies, misaligned brand positioning, or missed profit opportunities.
Therefore, adaptations of both advertising messages and pricing strategies are crucial to address the various local market conditions and consumer expectations, align with ethical standards, and consequently ensure the success of the brand in the Brazilian market.
If a local bank decides to convert some of its U.S. Treasury securities into cash, which it will hold in its vault, reserves will ________, liabilities will ________, and owner’s equity will ________. Choose one:
A. decrease; stay the same; decrease
B. increase; stay the same; stay the same
C. stay the same; increase; decrease
D. decrease; decrease; decrease
E. increase; stay the same; decrease
Answer:
B. increase; stay the same; stay the same
Explanation:
Bank reserves are compulsory deposits by the banks that they are required to not loan out( they are kept in the vault). Therefore, when a local bank decides to convert some of its U.S. Treasury securities into cash, this is an increase in assets. Since the cash is held in its vault, reserves will increase, liabilities will not be affected and owner’s equity will also not be affected. Therefore, the correct answer is B.
Brief Exercise 8-5 Blossom Company uses the percentage-of-receivables basis to record bad debt expense and concludes that 4% of accounts receivable will become uncollectible. Accounts receivable are $419,300 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,941.Prepare the adjusting journal entry to record bad debt expense for the year.
Answer:
The adjusting journal entry to record bad debt expense for the year:
Debit Bad debts expense $13,831
Credit Allowance for doubtful accounts $13,831
Explanation:
Blossom Company uses the percentage-of-receivables basis to record bad debt expense.
At the end of the year, Accounts receivable are $419,300 and 4% of accounts receivable will become uncollectible.
Estimated uncollectible = $419,300 x 4% = $16,772
Before adjusting, the allowance for doubtful accounts has a credit balance of $2,941.
Bad debts expense = $16,772 - $2,941 = $13,831
The adjusting journal entry:
Debit Bad debts expense $13,831
Credit Allowance for doubtful accounts $13,831
The Blossom Company estimates that 4% of their accounts receivable, totalling $419,300, will be uncollectible. This equates to a Bad Debt Expense of $16,772. The appropriate adjusting journal entry is to debit Bad Debt Expense and credit Allowance for Doubtful Accounts by the same amount.
Explanation:The Blossom Company anticipates that 4% of their accounts receivable, which currently amount to $419,300, will be uncollectible. This 4% represents the bad debt expense that the Blossom Company will need to account for. Calculating 4% of $419,300 gives us $16,772. This is the amount that the Blossom Company expects will not be paid by their debtors. To accurately reflect this anticipated loss in accounts receivable, they will need to make an adjustment to their accounts with an adjusting journal entry.
The adjusting journal entry to record the bad debt expense would be as follows:
Bad Debt Expense 16,772
Allowance for Doubtful Accounts 16,772
Here, the Bad Debt Expense is debited with the amount of $16,772, which represents the anticipated loss due to uncollectible accounts. On the other hand, the Allowance for Doubtful Accounts, which is a contra-asset account tied to Accounts Receivable, is credited with the same amount to show that a portion of the accounts receivable is expected to be uncollectible.
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You’re thinking of buying one of two firms. One has a profit margin of $4 per unit; the other has a profit margin of $10 per unit. Which should you buy? Why?
If both firms are producing where MR = MC and you could buy either for the same amount, then you should buy the firm:
A. that has a profit margin of $4 per unit because it must be producing more and is therefore earning the higher total profits.
B. that has a profit margin of $10 per unit because it must be producing more and is therefore earning the higher total profits.
C. there is not enough information to determine which firm to buy.
D. The one with the highest total profit should be bought.
E. that has a profit margin of $10 per unit.
A higher profit margin means that you could increase output and further increase total profits.
There is not enough information to determine which firm to buy.
Answer: Option C
Explanation:
In the question above, only the profit margin of both the firms are given, but only on these basis, it cannot be decided which firm to be bought. A lot of other things are to be kept in mind while taking into consideration the decision of buying a fir.
Even if both the firms are working in the equilibrium condition which is the condition of MR = MC, then also it can not be decided, which one firm to buy.
The Herfindahl-Hirschman Index is a measure of market power that focuses on:
(A) the ratio of the price of a firm's product to the price elasticity of demand for the product.
(B) the share of the market controlled by the X largest firms in the market.
(C) the sum of the squares of the market share of each firm in an industry.
(D) the difference between a firm's product price and its marginal costs of production.
Answer:
C
Explanation:
Measures concentration by adding market shares squared
Which is an attribute of an effective organiation structure?
An effective organization structure attribute is the balance between hierarchical levels and span of control, with flat structures offering more autonomy and taller structures providing closer supervision.
An attribute of an effective organization structure that contributes to a company's effectiveness and innovativeness is the appropriate balance between hierarchical levels and span of control. Flat structures have a wider span of control, allowing managers to supervise more employees directly, which can lead to increased employee autonomy and satisfaction. On the other hand, tall structures have more levels and a narrower span of control, potentially providing more opportunities for close supervision and a greater sense of job security for the employees. Both structures have their benefits and challenges, and the effectiveness of each depends on the company's specific context and goals.
Jamie is saving for a trip to Europe. She has an existing savings account that earns 2 percent annual interest and has a current balance of $4,500. Jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,500 she needs for travel expenses. She will repay the loan in exactly one year. The annual interest rate is 5 percent.
a. If Jamie were to withdraw the $1,500 from her savings account to finance the trip, how much interest would she forgo? $_________b. If Jamie borrows the $1,500 how much will she pay in interest? $__________
Answer:
forgo interest = $30
interest = $75
Explanation:
given data
annual interest = 2%
current balance = $4,500
borrow = $1,500
annual interest rate = 5 percent
to find out
how much interest would she forgo and how much will she pay in interest
solution
first we get here Forgo interest that is here
forgo interest = withdrawal amount × interest rate ..........................1
put here value we get
forgo interest = $1500 × 2%
forgo interest = $30
and
now w get here pay in interest that is
interest = amount borrow × interest rate ..........................2
put here value we get
interest = $1500 × 5%
interest = $75
Jamie would forgo $30 in interest earnings if she were to use her savings for her trip. Instead, if she borrows $1,500 at a 5% interest rate, she would end up paying $75 in interest on the loan.
Explanation:a. If Jamie were to withdraw the $1,500 from her savings account to finance the trip, her savings account balance would decrease by that amount and the interest earned would also decrease. To calculate how much interest she would forgo, you use the formula of the principal amount times the interest rate. So, $1,500 * 0.02 (2% as a decimal) = $30. Therefore, Jamie would forgo $30 in interest earnings.
b. If Jamie borrows the $1,500, she will have to pay interest on this amount. The annual interest rate on the loan is 5%. So, $1,500 * 0.05 (5% as a decimal) = $75. Thus, Jamie will pay $75 in interest on the loan.
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An accrual-basis C corporation that prepared its financial statements based on GAAP recorded $800,000 of bad debt expense. The total amount of bad debts that actually became worthless was $930,000. In respect to bad debt expense, what type of disclosure should the corporation show on Schedule M-3
Complete Question:
A.A permanent bad debt expense difference of $130,000.
B.A temporary difference in which book deductions exceed tax deductions by $130,000.
C.A temporary difference in which tax deductions exceed book deductions by $130,000.
D.No difference between bad debt expense per income statement and deduction per tax return.
Answer:
C.A temporary difference in which tax deductions exceed book deductions by $130,000.
Explanation:
As the book bad debt was $800,000 and the actual bad debt was $930,000. One can clearly see a difference of $130,000 and this is the amount which the book bad debt is increasing by. In this case of tax, bad debts becomes worthless in the year they are announced collectible.
The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Accumulated Depreciation, $25,000; Accounts Payable, $10,000; Retained earnings, $59,000; Dividends, $2,000; Fees Earned, $56,000; Depreciation Expense, $25,000; and Salaries Expense, $23,000. All accounts have normal balances. Prepare closing entry #1.
Answer:
Dr. Fees Earned $56,000
Cr. Income Summary $56,000
Explanation:
Prepare closing entry # 1
Close means to make the balance zero. From the Adjusted Trial Balance that Fees Earned Account has a credit balance of $56,000 and to make it zero we will credit it with Income Summary Account, as follows;
(+) Fees Earned $56,000
(-) Income Summary $56,000
To Close Fees Earned Account
Final answer:
The first closing entry for the company includes debiting Fees Earned for $56,000 and crediting Income Summary for $56,000, which zeroes out the Fees Earned and increases the Income Summary by the same amount.
Explanation:
Preparing closing entries in accounting is a step at the end of the accounting period to zero out temporary accounts and transfer their balances to permanent accounts. The first closing entry always involves closing revenue and expense accounts. In the given adjusted trial balance, the revenue account is Fees Earned and the expense accounts are Depreciation Expense and Salaries Expense.
The first closing entry will close the Fees Earned account and transfer its balance to an income summary account. The entry would typically be a debit to Fees Earned for $56,000 and a credit to Income Summary for $56,000, effectively reducing the Fees Earned to zero and increasing the Income Summary balance by the same amount. Then, the expense accounts (Depreciation Expense and Salaries Expense) are closed and their balances are transferred to the Income Summary account.
Here is how the first closing entry would look:
Debit Fees Earned for $56,000Credit Income Summary for $56,000Since the question specifies to prepare only closing entry #1, we focus on closing the revenue (Fees Earned) account in this step.
company looks at its expenses and finds that its payments to freelancers increased significantly over the past few months, exceeding the budget by 25 percent. This is an example of ________.
(A) using a budget for planning
(B) using data to confirm a budget
(C) justifying expenses with a budget
(D) using a budget for monitoring and controlling
Answer:
D
Explanation:
Using a budget for monitoring and controlling
Company looks at its expenses and finds that its payments to freelancers increased significantly over the past few months, exceeding the budget by 25 percent. This is an example of using a budget for monitoring and controlling. The correct option is (D).
What do you mean by the Budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future spending and saving in addition to anticipated income and expenses.
For each fiscal year, a budget can be created and filled with data on projected sales and cost values. This allows you to predict how the upcoming accounting period will probably end.
The business's actual performance can be compared to this suggested plan.
Therefore, Company looks at its expenses and finds that its payments to freelancers increased significantly over the past few months, exceeding the budget by 25 percent. This is an example of using a budget for monitoring and controlling.
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Who would certify the interoperability performance of a command and control system used by both the Army and the Navy?
A. Joint Interoperability Test Command (JITC)
B. Joint Requirements Oversight Council (JROC)
C. Joint Staff
Answer:
A. Joint Interoperability Test Command (JITC)
Explanation:
The Joint Interoperability Test Command (JITC) is a wing of the United States Department of Defense that tests and certifies information technology products for military use. JITC provides risk based Test, Evaluation & Certification services, tools, and environments to ensure Joint War-fighting IT capabilities are interoperable and support mission needs.
which of the following are not required to register as investment advisers under the investment advisers act of 1940?
(A) A person who provides advice to people who are investing in antique furniture.
(B) A person who provides advice to people who are investing in coin collections.
(C) A person who provides advice to insurance companies on their portfolios.
(D) A person who provides advice to people who are investing in companies registered under the Investment Company Act of 1940.
Answer:
The correct answers are letters "A" and "B": A person who provides advice to people who are investing in antique furniture; A person who provides advice to people who are investing in coin collections.
Explanation:
The Investment Advisers Act of 1940 is a set of laws that establishes the boundaries for the activities of investment advisers. This act was originally written by the Securities and Exchange Commission (SEC) and provides the legal limitations for people who advise individuals or companies regarding securities.
In that case, people who advise purchases or antique furniture or coin collections do not fall under this category.
Under the Investment Advisers Act of 1940, persons who provide advice on non-securities, such as antique furniture (A) and coin collections (B), are typically not required to register as investment advisers.
The individuals who are not required to register as investment advisers under the Investment Advisers Act of 1940 include those who provide advice on non-securities investments. Based on the given options:
(A) A person who provides advice to people who are investing in antique furniture.
(B) A person who provides advice to people who are investing in coin collections.
(C) A person who provides advice to insurance companies on their portfolios. This could be considered as requiring registration since insurance companies often invest in securities.
(D) A person who provides advice to people who are investing in companies registered under the Investment Company Act of 1940. This person would likely need to be registered as they are advising on securities.
Therefore, options (A) and (B) are typically not required to be registered as investment advisers since antique furniture and coin collections are generally not considered securities.
The Product Owner of a team was asked for a forecast for the completion of a product release. There were 140 story points worth of work remaining in the project. The team's average velocity in the past 3 Sprints has been 65, though the best Sprint among the last three had a velocity of 85 story points. What should the Product Owner say?
Answer:
The product owner should say:
The team will need about 3 Sprints more to complete the product release.
Explanation:
As given the team's average velocity in the past 3 Sprints has been 65 points and best sprint among three was 85 points. There were 140 story points worth of work in the project.
So, if the team keep such a performance then,
three sprints can get = 3 x 65 points
Three sprints can get = 195 points
So, the team will need about 3 sprints more to complete the product release.
Julie has just retired. Her company’s retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $150,000 immediately as her full retirement benefit. Under the second option, she would receive $14,000 each year for 20 years plus a lump-sum payment of $60,000 at the end of the 20-year period.Required:1. Calculate the present value for the following assuming that the money can be invested at 11%.2. If she can invest money at 11%, which option would you recommend that she accept?
Final answer:
To advise Julie on the best retirement benefit option, we calculate the present value of both options assuming an 11% return. The first option's present value is simply the lump sum of $150,000. For the second option, we calculate the present value of the annuity using the annuity formula and add it to the discounted present value of the future lump sum.
Explanation:
To determine which retirement benefit option is more favorable for Julie, we need to calculate the present value of both options, assuming an investment return of 11%. The present value of an annuity formula is used to calculate the value of a series of future payments in today's dollars, which is given by the formula: PV = P * [1 - (1 + r)^{-n}] / r, where PV is the present value, P is the payment per period, r is the interest rate per period, and n is the number of periods.
Option 1: Lump Sum Payment
The first option offers a lump sum of $150,000 immediately, so the present value of this option is simply $150,000, as no calculations are necessary for a single lump sum already in today's dollars.
Option 2: Annuity Plus Lump Sum
The second option is an annuity of $14,000 per year for 20 years and a separate lump sum of $60,000 at the end of 20 years. To find the present value of the annual payments, we use the present value of annuity formula:
Present Value of Annuity = $14,000 * [1 - (1 + 0.11)^{-20}] / 0.11
We also calculate the present value of the $60,000 lump sum to be received at the end of 20 years by discounting it back to its present value using the formula:
Present Value of Lump Sum = $60,000 / (1 + 0.11)^{20}
By adding these two present values together, we obtain the total present value for the second option.
Once the present values of both options are calculated, Julie can compare the two and choose the option with the higher present value, meaning the most beneficial option when taking into account the time value of money.
If Julie can invest money at 11%, she should choose the option that offers her the highest present value as that would represent the greater amount of money in today's dollars.
The section of the Americans with Disabilities Act that pertains primarily to brokers selling real estate to the public is:
Answer:The Fair Housing Act
Explanation:
The Fair Housing Act governs the actions of real estate agents, whether agents agree or not. Some agents openly try to defy the Fair Housing Act, either because they don't understand it or they don't agree with it, neither of which is an excuse. To understand a real estate agent's scope of duties and what an agent can and cannot do for you, look first to federal and state regulations.
Real Estate Regulators
Here are a few of the entities that govern or affect a real estate agent's actions:
Federal Fair Housing Act
State Real Estate Laws
National Association of REALTORS Code of Ethics
Employing Broker's Guidelines
Lawsuits
The Fair Housing Act is easy for agents to overlook, yet it is essential to an agent's practice. The Fair Housing Act was created and made law to prevent discrimination. The Civil Rights Act of 1968 contained the Fair Housing Act legislation, which was later modified by the Fair Housing Amendments Act of 1988. There are seven classes protected by the Federal Fair Housing Act. They are:
Race
Color
Religion
National Origin
Sex
Handicap
Familial Status
TarHeel Corporation reported pretax book income of $1,026,000. During the current year, the net reserve for warranties increased by $101,300. In addition, tax depreciation exceeded book depreciation by $206,500. Finally, TarHeel subtracted a dividends received deduction of $55,200 in computing its current-year taxable income. TarHeel's accounting effective tax rate is:
a. 21%.
b. 19.87%.
c. 18.74%.
d. 1761%.
Answer:
Effective accounting tax rate = 17.61%
Explanation:
given data
Pre Tax book income = $1,026,000
Reserve for warranties = $101,300
Tax depreciation = $206,500
Deduction inform of dividends received = $55,200
to find out
accounting effective tax rate
solution
we assume here tax rate is 21 %
So Taxable income will be here as
Taxable income = [ $1,026,000 + $101,300 ] - [ $206,500 + $55,200 ]
Taxable income = $1,127,300 - $261,700
Taxable income = $865,600
Tax @21% = $865,600 × 21%
Tax = $181,776
Effective accounting tax rate will be
Effective accounting tax rate = [tex]\frac{181776}{1026000}[/tex]
Effective accounting tax rate = 17.61%
If there are 10 directors to be elected and a shareholder owns 100 shares, calculate the maximum number of votes that he or she can cast for a favorite candidate under each of the voting methods. MaximumNumber of Votes a. Majority voting b. Cumulative voting
Answer:
a. 100 votes
b. 1,000 votes
Explanation:
a.
Under Majority voting, the maximum number of votes which can be cast by shareholder will be 100 votes for a favorite candidate as owned 100 shares.
b.
Under Cumulative voting, the maximum number of votes can be cast by shareholder for the favorite candidate is as:
10 Candidates and owns 100 shares, so
= 10 × 100
= 1,000
The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Division Locomotive Division Corporate Total Cost of goods sold $ 47,200 $30,720 Direct operating expenses 27,200 20,040 Sales 108,000 78,000 Interest expense $ 2,040 General overhead 18,160 Income tax 4,700
The income from operations for the Rails Division is
a.$33,600
b.$8,700
c.$21,150
d.$60,800
Answer:
a.$33,600
Explanation:
The computation of the income from operations is shown below:
= Sales - costs of goods sold - direct operating expense
= $108,000 - $47,200 - $27,200
= $33,600
We simply deduct the direct operating expense and the costs of goods sold from the sales revenue so that the correct amount can come
All other information which is given is not relevant. Hence, ignored it
ason owns a small landscaping business called GreenScapes. When buying a new pickup truck for his landscaping business, Jason negotiated with Palmetto Dodge, a dealer, with the agreement that GreenScapes would be the service company Palmetto Dodge used for all of its landscaping needs. This is an example ofA) a new task purchaseB) a straight rebuyC) a modified rebuyD) reciprocityE) a straight purchase.
Answer: reciprocity
Explanation: In simple words, reciprocity refers to the agreement in which two parties exchange goods or services in such a way that both of them will gain benefit from such agreement.
In business it can achieved in many ways, for example by combining the efforts and resources or by providing each other some service in exchange for service from the other side.
In the given case, Jason made a deal with dodge to provide service to him in exchange for service by him. Hence we can conclude that the given case depicts reciprocity.