Using the information below compute the M1 money supply. Category Amount Currency and coin held by the public ​$ Checking account balances ​$ ​Traveler's checks ​$10 Savings account balances ​$ Small denomination time deposits ​$5,000 Money market deposit accounts in banks ​$1,000 Noninstitutional money market fund shares ​$2,000 The M1 money supply is equal​ to: ​$ nothing

Answers

Answer 1

Answer: $2610

Explanation:

Money supply simply means the total amount of money that is in a particular economy at a point in time. Based on the information given, the M1 money supply will be:l the addition of the currency and coin held by the public, the checking account balance and the traveler's checks. This will be:

= $800 + $1800 + $10

= $2610

Therefore, the M1 money supply is $2610.


Related Questions

Arendelle Enterprises has inventory of $667,000 in its stores as of December 31. It also has two shipments in-transit that left the suppliers' warehouses by December 28. Both shipments are expected to arrive on January 5. The first shipment of $128,000 was sold f.o.b. destination and the second shipment of $80,000 was sold f.o.b. shipping point. What amount of inventory should Arendelle report on its balance sheet as of December 31

Answers

Answer:

$747,000

Explanation:

Calculation to determine What amount of inventory should Arendelle report on its balance sheet as of December 31

December 31 Inventory $667,000

Add Second shipment f.o.b. shipping point of $80,000

December 31 Inventory $747,000

($667,000+$80,000)

Therefore What amount of inventory should Arendelle report on its balance sheet as of December 31 is $747,000

Cincinnati t-shirts prints custom t-shirts. The cost to produce one shirt is: direct materials, $10; direct labor, $1.20; and manufacturing overhead $4.50. Cincinnati Children’s Hospital asked Cincinnati t-shirt to sell them custom t-shirts for $12 each for a local charity event. Direct material and direct labor are required for each t-shirt. Of the manufacturing overhead, $1.50 is variable and would be incurred on each additional unit. The remaining $3 in overhead is allocated fixed overhead that would not be increased or decreased by this order. What would be the effect on net income if they accept this special order and sell 200 shirts to Cincinnati Children’s Hospital for $12 each?

Answers

Answer:

Effect on income= $140 decrease

Explanation:

Giving the following formula:

Production costs:

Direct material= 10

Direct labor= 1.2

Variable overhead= $1.5

Selling price= $12

Number of units= 200

Because it is a special offer and there is unused capacity, we will not take into account the fixed costs.

Effect on income= Units sold*unitary contribution margin

Effect on income= 200*(12 - 10 - 1.2 - 1.5)

Effect on income= $140 decrease

Impact of Treasury Financing on Bond Prices The Treasury periodically issues new bonds to finance the deficit. Review recent issues of the Wall Street Journal or check related online news to find a recent article on such financing. Does the article suggest that financial markets are expecting upward pressure on interest rates as a result of the Treasury financing

Answers

Answer:

When the treasury bonds are restricted to purchase it creates pressure on other securities and interest rates tend to move upwards.

Explanation:

When interest rates more upwards then cost of borrowing is increased. This increase in cost of borrowing creates pressure on the profits of private sector.  The public sector benefits from this increase in interest rates. When government is in trouble and financing is limited then these measures are used to run the economy.

Assuming you are 22 and out of college, how many years do you anticipate working before you retire

Answers

Probably 28-38 years

g The comparative balance sheets for Pharoah Company show these changes in noncash current accounts: Accounts Receivable increased $29,800, Prepaid Expenses decreased $10,800, and Inventory decreased $18,900. Accounts payable increased $13,400. Calculate net cash provided by operating activities using the indirect method assuming that profit is $252,000 for the year ended June 30, 2021. Depreciation expense for the year was $26,900 and the company incurred a gain on sale of equipment of $21,000.

Answers

I really need these points thx a lot

Suppose Dr. Chu decided to open a donuts shop call Dr. Donuts. Dr. Chu is able to source flours at $2 per pound (making 40 donuts), sugars at $5 per pound (making 100 donuts), and butter at $1 per pound (making 100 donuts) While the donuts are not very tasty, Dr. Chu believes he can sell a lot of them by pricing them at $0.36 per donuts. Assuming his rent is $1800 per month, corporate tax of $100 per month, and draws a salary of $200 a day (use 30 days in a month), how many donuts must Dr. Chu sell in a month to break-even.

Answers

Answer:

31,600 donuts

Explanation:

Break even point is the level of activity where a company makes neither a profit nor a loss.

Break even point (units) = Fixed Costs ÷ Contribution per unit

where,

Contribution per unit = Sales per unit - Variable Costs per unit

Step 1 : Sales per donut

Sales per donut  = $0.36

Step 2 : Variable Cost per Donut

Variable Cost per Donut :

Flours ($2 ÷ 40)        $0.05

Sugars ($5 ÷ 100)     $0.05

Butter ($1 ÷ 100)        $0.01

Total                           $0.11

Step 3 : Fixed cost per month

Rent                               $1,800

corporate tax                   $100

Salary ($200 x 30)       $6,000

Total                              $7,900

therefore,

Break even point = $7,900 ÷ ($0.36 - $0.11)

                             = 31,600 donuts

Conclusion :

Dr. Chu sell 31,600 donuts in a month to break-even.

​Bankruptcy, Chapter 7. Gigantic Furniture is having its annual​ "Going Out of Business​ Sale." If Gigantic Furniture is filing under Chapter​ 7, will it be back next year for another going out of business​ sale? ​(Select the best​ response.) A. ​No, Chapter 7 bankruptcy is for the selling off of all the assets of the firm and ceasing all business operations. B. ​No, Chapter 7 bankruptcy is for restructuring the​ firm's debt and it does not allow to have more than one​ "Going Out of Business​ Sale." C. ​Yes, Chapter 7 bankruptcy is for restructuring the​ firm's debt and buying new inventory. D. ​Yes, Chapter 7 bankruptcy is for the selling off of all the assets of the firm and ceasing all business operations.

Answers

Answer:

A. ​No, Chapter 7 bankruptcy is for the selling off of all the assets of the firm and ceasing all business operations.

Explanation:

In the chapter of Bankruptcy, chapter 7, the firm Gigantic Furniture is going to have its annual " Going Out of Business Sale". Now if the Gigantic Furniture is filing under the Chapter 7, it will not be back for the next year for an another going out of the business sale because Gigantic Furniture is selling off all of its assets and ceasing all its business operations.

A company decides to let go of some employees due to a financial crisis. Irena loses her job, while her colleagues with similar performance ratings and productivity retain their jobs. Irena's judgment of her loss when compared to her colleagues' is a perception of

Answers

Answer:

The correct answer is "Procedural unfairness".

Explanation:

A basis for a respondent to challenge constitutional amendments for setting aside legal procedures throughout family legal proceedings will be found procedurally unfair.Throughout the event that a participant challenges a court decision, as well as a basis for the appeal, involves procedural injustice throughout a community court appearance, the privy council should first address the procedural fairness issue.

Your losses from a stolen ATM card are unlimited if you fail to report unauthorized use within 30 days after your statement is mailed to you.

a. True
b. False

Answers

I think false because no matter what bank need issue new card

Swifty Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $136,200 Allowance for Doubtful Accounts $3,670 Sales Revenue (all on credit) 813,600 Sales Returns and Allowances 54,790 Prepare the journal entry to record bad debt expense assuming Swifty Company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,360 debit balance.

Answers

Answer:

(a) Debit Bad Debt Expense for $1,778; and Credit Allowance for Doubtful Accounts for $1,778.

(b) Debit Bad Debt Expense for $6,808; and Credit Allowance for Doubtful Accounts for $6,808.

Explanation:

(a) Company estimates bad debts at 4% of accounts receivable

Estimated bad debt = Accounts Receivable * 4% of accounts receivable = $136,200 * 4% = $5,448

Bad Debt Expense = Estimated bad debt - Allowance for Doubtful Accounts = $5,448 - $3,670 = 1,778

The journal entries will now look as follows:

Particulars                                                Debit ($)           Credit ($)  

Bad Debt Expense                                     1,778

Allowance for Doubtful Accounts                                       1,778

(To record bad debt expense.)                                                            

(b) Company estimates bad debts at 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,360 debit balance.

Bad debt expense = (Accounts Receivable * 4% of accounts receivable) + Allowance for Doubtful Accounts debit balance = ($136,200 * 4%) + $1,360 = $6,808

The journal entries will now look as follows:

Particulars                                                Debit ($)           Credit ($)    

Bad Debt Expense                                     6,808

Allowance for Doubtful Accounts                                       6,808

(To record bad debt expense.)                                                              

The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day. FSF supplies hot dogs to local restaurants at a steady rate of 250 per day. The cost to prepare the equipment for producing hot dogs is $66. Annual holding costs are 45 cents per hot dog. The factory operates 300 days a year. Find

Answers

Answer: See explanation

Explanation:

The remainder of the question:

a). The optimal run size

b) The number of runs per year

c) The length (in days) of a run.

From the question,

p = 5000

u = 250 hotdogs per day

D = 250 × 300 = 75000 hotdogs/year

S = $66

H = 45 cents = $0.45

a. The optimal run size

= (✓2DS/✓H)(✓p/✓-✓u)

= (✓2×75000×66/✓0.45)(✓5000/✓4750)

= 4812

b) The number of runs per year

This will be:

= D/Q

= 75000/4812

= 15.59

= 16 runs per year

c) The length (in days) of a run.

This'll be:

= 4812/5000

= 0.96

= 1 day

Each of the following is true except for: Multiple Choice a direct involuntary conversion occurs when property taken under eminent domain is replaced with other property. qualified replacement property rules are more restrictive than the like-kind property rules. an indirect involuntary conversion occurs when property is destroyed and insurance proceeds are used to purchase qualified replacement property. losses realized in involuntary conversions are deferred.

Answers

Answer: losses realized in involuntary conversions are deferred.

Explanation:

Based on the information given, we should note that every other options are true except the last option "losses realized in involuntary conversions are deferred".

Losses realized in the involuntary conversion are not deferred but they're are realized. Itbus the losses that are realized in the like-kind exchange that are being deferred.

Problem 12-04A The income statement of Kingbird, Inc. is presented here. Kingbird, Inc. Income Statement For the Year Ended November 30, 2020 Sales revenue $7,465,900 Cost of goods sold Beginning inventory $1,868,500 Purchases 4,450,600 Goods available for sale 6,319,100 Ending inventory 1,331,800 Total cost of goods sold 4,987,300 Gross profit 2,478,600 Operating expenses 1,120,500 Net income $1,358,100 Additional information: 1. Accounts receivable increased $205,900 during the year, and inventory decreased $536,700. 2. Prepaid expenses increased $179,800 during the year. 3. Accounts payable to suppliers of merchandise decreased $345,700 during the year. 4. Accrued expenses payable decreased $105,800 during the year. 5. Operating expenses include depreciation expense of $95,300. Prepare the operating activities section of the statement of cash flows using the direct method

Answers

Answer:

Cash Flow From Operating Activities

Cash Receipt from Customers                       $7,260,000

Cash Paid to Suppliers and Employees       ($6,294,700)

Cash Provided by Operating Activities            $965,300

Explanation:

Step 1 : Cash Paid to Suppliers and Employees Calculation

Cost of goods sold                                         $4,987,300

Add Operating expenses                                $1,120,500

Total                                                                 $6,107,800

Adjustments :

Depreciation expense                                        $95,300

Decrease in Inventory                                     ($536,700)

Increase in Prepaid Expenses                          $179,800

Decrease in Accounts Payable                        $345,700

Decrease in Accrued Expense Payable          $105,800

Cash Paid to Suppliers and Employees       $6,294,700

Step 2 : Cash Receipt from Customers Calculation

Sales revenue                                                $7,465,900

Less Increase in Accounts receivable          ($205,900)

Cash Receipt from Customers                      $7,260,000

Earnings Per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Monarch Resources Inc. for December 31 of the current year: Common stock, $125 par value (no change during the year) $12,500,000 Preferred $6 stock, $90 par (no change during the year) 2,250,000 The net income was $1,300,000, and the declared dividends on the common stock were $460,000 for the current year. The market price of the common stock is $92 per share. For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. Round to one decimal place except earnings per share and dividends per share, which should be rounded to the nearest cent. a. Earnings per share $fill in the blank 1 b. Price-earnings ratio fill in the blank 2 c. Dividends per share $fill in the blank 3 d. Dividend yield fill in the blank 4 %

Answers

Answer:

Monarch Resources Inc.

a. Earnings per share:

= $ 11.50

b. Price-earnings ratio:

= 8x

c. Dividends per share:

= $4.60 per share

d. Dividend yield:

= 5%

Explanation:

a) Data and Calculations:

Common stock, $125 par value = $12,500,000

Number of common stock shares = 100,000 ($12,500,000/$125)

$6 Preferred stock, $90 par value = $2,250,000

Number of preferred stock shares = 25,000 ($2,250,000/$90)

Net income = $1,300,000

Dividends on the Preferred stock = $150,000 ($2,250,000/$90 * $6)

Net income after preferred dividend = $1,150,000 ($1,300,000-$150,000)

Dividends on the Common stock = $460,000

Common stock market price = $92 per share

a. Earnings per share

= Net income after preferred dividend/number of shares

= $1,150,000/100,000

= $ 11.50

b. Price-earnings ratio:

= Market price/EPS

= $92/$11.50

= 8x

c. Dividends per share:

= Common stock dividends/number of common stock shares

= $460,000/100,000

= $4.60 per share

d. Dividend yield:

= Market price/Dividend per share

= $4.60/$92 * 100

= 5%

Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses 0.75 cup of pure semolina flour. They buy 4,000 cups of flour at $0.55 per cup. They use 3,588 cups of flour to make 4,800 biscuits. The standard cost per cup of flour is $0.54. A. What are the direct materials price variance, the direct materials quantity variances, and the total direct materials cost variance

Answers

Answer:

Results are below.

Explanation:

To calculate the direct material rate and quantity variance, we need to use the following formulas:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (0.55 - 0.54)*4,000

Direct material price variance= $40 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (0.75*4,800 - 3,588)*0.55

Direct material quantity variance= $6.6 favorable

Finally, the total variance:

Total direct material variance= 40 + 6.6= $46.6 favorable

According to Adam Smith, specialization results in higher levels of output for all of the following reasons except: Select the correct answer below: Specialization in a particular small job allows workers to focus on the parts of the production process where they have an advantage. Specialization allows businesses to take advantage of economies of scale. Specialization allows workers to experiment with different tasks to see which responsibilities make them happiest at work. Workers who specialize in certain tasks often learn to produce more quickly and with higher quality.

Answers

Answer:

Specialization allows workers to experiment with different tasks to see which responsibilities make them happiest at work

Explanation:

Specialization is when labour concentrates on only a particular job function. For example, let say you work in an office and the only task you are assigned to do is to type because you are good at it. This is an example of specialisation.

Advantages

It increases economies of scaleit increases the efficiency of labour. less time is wasted in changing job functions It increases the skill of labour . by performing the same task repeatedly labor skills improves

Disadvantages

it increases drudgery and boredom

Pension data for the Ben Franklin Company include the following for the current calendar year: Discount rate, 10% Expected return on plan assets, 12% Actual return on plan assets, 11% Service cost, $270,000 January 1: PBO $ 1,470,000 ABO 1,070,000 Plan assets 1,570,000 Amortization of prior service cost 27,000 Amortization of net gain 4,700 December 31: Cash contributions to pension fund $ 227,000 Benefit payments to retirees 247,000 Required: 1. Determine pension expense for the year. 2. Prepare the journal entries to record pension expense and funding for the year.

Answers

Answer:

A. $250,900

B. Dr Pension expense $250,900

Dr Net gain–pensions $4,700

Cr Pension asset $228,600

Cr Prior service cost $27,000

Dr Pension asset $ 227,000

Cr Cash $ 227,000

Explanation:

A. Calculation to determine the pension expense for the year

Service cost $270,000

Add Interest cost (10% x $1,470,000) $147,000

Less Expected return ($188,400 )

(12%*1,570,000)

Add Amortization of prior service cost $27,000

)

Less Amortization of net gain($4,700)

Pension expense $250,900

Therefore pension expense for the year will be $250,900

B. Preparation of the journal entries to record pension expense and funding for the year)

Dr Pension expense $250,900

Dr Net gain–pensions $4,700

Cr Pension asset ($270,000 + 147,000 – $188,400) $228,600

Cr Prior service cost $27,000

Dr Pension asset $ 227,000

Cr Cash $ 227,000

Emilia bought some Japanese sushi at the grocery store for $14. When she got it home and served it to her family, it tasted rancid. She brought the sushi back the next day and was given a full refund with no questions asked. Evidence indicates that successful handling of product and service failures as in Emilia's situation leads to _______.

Answers

Answer:

higher levels of customer loyalty.

Explanation:

CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Therefore, this employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.

CRM means collecting information about the customer for the purpose of improving their future experience.

In this scenario, Emilia bought some Japanese sushi at the grocery store for $14. When she got it home and served it to her family, it tasted rancid. She brought the sushi back the next day and was given a full refund with no questions asked.

This evidence indicates that successful handling of product and service failures as in Emilia's situation leads to higher levels of customer loyalty and as such they would stick to patronizing the business firm or service provider.

This ultimately implies that, in order to gain loyalty from your customers, it is very important and necessary that you treat them right, listen to their complaints, and resolve any business related issue because customers are always right.

On April 17, 2021, the Loadstone Mining Company purchased the rights to a coal mine. The purchase price plus additional costs necessary to prepare the mine for extraction of the coal totaled $6,000,000. The company expects to extract 1,000,000 tons of coal during a four-year period. During 2021, 250,000 tons were extracted and sold immediately. Required: 1. Calculate depletion for 2021. 2. Is depletion considered part of the product cost and included in the cost of inventory?

Answers

Answer:

The Loadstone Mining Company

1. The depletion for 2021 is:

= $1,500,000.

2. Depletion is considered part of the product cost and included in the cost of inventory.

Explanation:

a) Cost of rights to a coal mine = $6,000,000

Expected tons of coal to be extracted = 1,000,000 tons

Duration of the coal mine = 4 years

Depletion rate per ton = $6 ($6,000,000/1,000,000)

2021 depletion = $6 * 250,000 = $1,500,000

b) Depletion is like depreciation.  While depreciation spreads the cost of a tangible asset over its estimated useful life, depletion measures the cost of extracting natural resources based on the number of units extracted vis-a-vis the total quantity available.  Amortization is another related term but relates to intangible assets.  It is the deduction of the value of an intangible asset over its useful life.

Unintentionally, David built in his backyard a garage that encroached two feet across the property line onto property owned by his neighbor, Harold. When the mistake was recognized immediately thereafter, David and Harold agreed in writing that David did not need to move the garage. The statutory period for the running of adverse possession in the state where the property is located is 15 years. Five years after the garage was completed, David sold his property to Nancy. Twenty years after Nancy purchased the property from David, Nancy claimed she had acquired the two feet of property through application of the doctrine of adverse possession. In a legal dispute between Nancy and Harold over ownership to the two feet Nancy now claims, which statement is most accurate:

Answers

Answer:

Nancy will prevail as she has used the property, openly as hers for over 15 years.

Explanation:

Since in the question it is given that nancy would prevail as she is able to used the property and for her it is open for above 15 years

Also the conditions related to the  adverse possession would be fulfilled

So as per given situation, the above represent the answer

the same would be relevant

Going by the principle of adverse possession, the fact that Nancy has used the land beyond the statutory period of 15 years means that "Nancy will prevail as she has used the property, openly as hers for over 15 years."

The principle of adverse possession affirms that the possession of somebody else's land for an extended period of time might give the occupant the legal right of claiming ownership of the land.

Nancy has up he land for 20 years since she purchased it from David, which is beyond the statutory period.

Hence, Nancy would prevail since going by the principle of adverse possession.

Learn more : https://brainly.com/question/22711915

A purely domestic firm that sources and sells only domestically, Multiple Choice should never hedge since this could actually increase its currency exposure. faces no exchange rate risk and should never hedge since this could actually increase its currency exposure. faces no exchange rate risk. faces exchange rate risk to the extent that it has international competitors in the domestic market.

Answers

Answer:

faces exchange rate risk to the extent that it has international competitors in the domestic market.

Explanation:

Exchange rate risk is defined as the risk that exists when a company engaged in transactions that are denominated in a foreign currency rather than the domestic currency.

So if a purely domestic firm that sources and sells only domestically has international competitors in its local market, and the exchange rate is favouring the competitors there will be a risk for them.

For example if international competitors can source raw materials cheaper because of the exchange rate of a foreign country, it will be a disadvantage to local firms that cannot reduce their prices.

Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel-drive tractors consisted of five firms. The market was highly concentrated, with a Herfindahl-Hirschman index of 3,195. Case’s share of that market was 16 percent, while Fiat comprised just 8 percent of the market. If approved, by how much would the postmerger Herfindahl-Hirschman index increase?

Answers

Answer:

the increase resulting from this merger = 256

Explanation:

before the merger, both Fiat and Case's contribution to Herfindahl-Hirschman index = 16² + 8² = 320

after the merger,  Fiat and Case's contribution to Herfindahl-Hirschman index = 24² = 576

the increase resulting from this merger = 576 - 320 = 256

Suppose you know a company's stock currently sells for $90 per share and the required return on the stock is 15 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share

Answers

Answer:

$ 3.87

Explanation:

It is given that :

Cost of the company's stock per share = $ 90

The required return on the stock is = 15 %

Therefore, the dividend yield = [tex]$\frac{9}{2}=4.5$[/tex]

We known that

[tex]$\frac{\text{dividend in one year}}{\text{current price}}=0.045$[/tex]

[tex]$D_1=0.045 \times 90$[/tex]

     = 4.05

The current dividend is,

[tex]$D_0= \frac{4.05}{1.045}$[/tex]

    = $ 3.87

brendamunsamy00

Where u at​

Answers

Answer:

Bombay

the company has a charged net income for a year and an earthquake

Isaiah is a Financial Quantitative Analyst for a major stock investment company. What does Isaiah do on a daily basis as a part of his job?

He researches, analyzes, and summarizes information about fraud.

He assesses financial situations using mathematical models.

He analyzes tax information using mathematical formulas.

He manages the paperwork for buying and selling securities.

Answers

Answer:

He researches, analyzes, and summarizes information about fraud.

Answer:

A

Explanation:

He researches, analyzes, and summarizes information about fraud.

During 2018, Jacobsen wrote off $18,000 in receivables and recovered $6,000 that had been written off in prior years. Jacobsen's December 31, 2017, allowance for doutbful accounts was $40,000. What is the appropriate year-end adjusting entry Jacobson must use to record bad debts expense and update the allowance for doubtful accounts on December 31, 2018

Answers

Answer: Debit: Bad debt expense $21400

Credit: Allowance for doubtful debt $21400

Explanation:

Based on the information given, the bad debt expense will be:

= 49400- (40000-18000+6000)]

= 49400 - 28000

= 21,400

The bad debt expenses of $21400 will be debited

The Allowance for doubtful Accounts of $21400 will be credited.

(To record bad debts expense)

1.What is Barbara's net monthly income?
2.How much are Barbara’s regular monthly expenses?
3.How much does Barbara have left over after she pays her regular monthly expenses?
4.What are Barbara’s short term goals?
5.What is her long term (longer than 1 year) goal?
6.If the party Barbara is giving will cost $135, how much money will she have left over this month?
7.How much would Barbara have left over this month is she paid her regular expenses, saved for Christmas, and had a party for Sara?
8.How much do you think Barbara would need to put into savings every month to reach her long term goal?

Answers

Answer:

1. 389.60

2. 160 a month

3. 229.60

4. Party clothes, Saving for Christmas, and MP3 Repair

5. College

6. 94.60

Type the correct answer in the box. Spell all words correctly.
Being debt-free within the next 15 years is an example of which goal?
Being debt-free within 15 years is an example of a
goal.
Reset
Next

Answers

Answer:

Being debt-free within 15 years is an example of a long-term goal.

Explanation:

One main characteristic of a long-term goal is that it involves a planning horizon that is more than 5 years during which some thoughts are paid to the goal, and the means of achieving it are marshalled out,  and rigorously pursued.  Long-terms goals are best broken into manageable, short-term,  and medium-term goals to enable the decision-maker to accomplish her goal.  The future is always uncertain, to achieve a long-term goal you must remain motivated.

Jonathan was granted enough nonqualified stock options (NQSOs) to purchase 10,000 shares of Capital, Inc. stock at $10 per share two years ago. He exercised the options this year when Capital, Inc. stock was $25 per share. Three years later, Jonathan sells the 10,000 shares for $100 per share. Which of the following statements regarding the tax ramifications of Jonathan's transactions are CORRECT?
Capital gains tax is due the year the options are granted to Jonathan.
Jonathan's cost to exercise all of the NQSOs is $50,000.
Jonathan will have a $750,000 capital gain when he sells the stock at $100 per share.
Jonathan will have an additional $150,000 included in his W-2 compensation income, which is a type of ordinary income, subject to payroll taxes this year.
A) I, II, and III
B) III and IV
C) I and II
D) I, II, III, and IV

Answers

Answer: B. III and IV

Explanation:

Based on the information given, we should note that the capital gain will be:

= $1,000,000 - $250,000

= $750,000

Also, the bargain amount will be calculated as:

= 10000 × ($25 - $10)

= 10000 × $15

= $150,000

We should also note that the statement in option 1 that "Capital gains tax is due the year the options are granted to Jonathan" is wrong. Capital gain will only arise when the shares have been sold, therefore option I is incorrect.

Based on the information above, the answer is option III and IV.

On January 1, 2011, The Miller Corporation purchased 300,000 shares of The Mayfair Corporation for $5.7 million. The investment represented 40% of The Mayfair Corporation's outstanding common shares. During 2011, Mayfair reported net earnings of $2.25 million and paid a cash dividend of $0.15 per share. During 2012, Mayfair reported a net loss of $180,000 and again paid a dividend of $0.15 per share. Calculate the book value of Miller's investment in Mayfair as of December 31, 2011, and December 31, 2012

Answers

Answer:

2011 Value of investment in Mayfair

= Beginning investment value + Portion of Mayfair net income - Portion of Mayfair dividends

= 5,700,000 + (40% * 2,250,000) - (300,000 shares * 0.15)

= $‭6,555,000‬

2012 Value of investment

= Beginning investment value + Portion of Mayfair net income - Portion of Mayfair dividends

= 6,555,000 + (40% * -180,000) - (300,000 * 0.15)

= $‭6,438,000‬

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