Business

On a statement of cash flows, depreciation is treated as an adjustment to income because depreciation:A) is a direct source of funds.B) reduces reported income but does not involve an out flow of funds.C) reduces reported income and involves an inflow of funds.D) is an inflow of funds to a reserve account for replacement of assets.
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busy corp. prepared the following reconciliation between pretax accounting income and taxable income for the year ended december 31, year 2: pretax accounting income $250,000 taxable income (150,000) difference $100,000 analysis of difference: interest on municipal bonds $25,000 excess of tax over book depreciation 75,000 total $100,000 busy's current income tax rate for year 2 is 30%. the depreciation difference will reverse in equal amounts over the next three years at an enacted tax rate of 40%. in busy's year 2 income statement, what amount should be reported as the current income tax expense portion of its provision for income taxes?
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8. How does the break-even point equation change for a company withmultiple products or services compared to a single-product company?
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Shyam sent a consignment of goods worth 7000 to his agent sampath. He incurred an expenditure of 750 on transport. Sampath incurred 120 to get the goods cleared. He sent a bank draft to Shyam of 4500 as an advance. By the end of April, he sold the entire consignment for 12000. After deducting his commission of 5% on sales, he had sent the balance of amount payable by draft to shyam
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you are conducting a study to determine the effects of chemotherapy on the survival of participants with pancreatic carcinoma. participants are enrolled at diagnosis and treated immediately after staging. the study is conducted over 4 vears. you observe 10 participants for an average of 6 months each before the occurrence of death. loss to follow uo. or study termination; 6 of these participants die. you observe 30 participants for an average of 4 months each, 16 die. you observe 2 participants for an average of 3 years each, and 1 dies. . What is the total observation period?
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high roller incorporated is trying to decide whether to buy a private jet or to lease one. the finder's fee is incurred only if the private jet is bought. the finder's fee is what type of cost for this decision?
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which pair of issues from the bulleted list above (the first four mainly for the business community, the second four mainly for the protestors) could the mayor suggest that the two sides negotiate as an area of common interest? (from the mayor's point of view, in this immediate crisis, this would be a stasis.) select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a reduction of customer traffic to area businesses and first amendment (speech) rights of protesters b inconvenience to business owners and employees getting to work and police harassment c unsanitary condition of public property and lack of public bathroom facilities d unseemliness of large population of homeless tent dwellers and police harassment
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employer promises to pay retiree a $10,000 per year pension for the remainder of retiree's life in return for retiree's promise to pay employer $1 per year. retiree foreseeably relies on the promise by taking out a mortgage on a small vacation home. later employer, who never intended to pay the pension, unfairly reneges on his promise. employer's promise:
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john has f0 dollars in his bank account at the beginning of year 1. each year, he will earn some interest and withdraw some money. he asks you, his financial manager, to help him come up with a sustainable plan, meaning one that allows him to survive until the n-th year. that is, there should be some nonzero amount of money in his account at the beginning of year
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form 8995 qualified business income deduction simplified calculation
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suppose the market for t-shirts has three potential sellers: martin, whose willingness to sell is $6, adam, whose willingness to sell is $10, and clara, whose willingness to sell is $12. if t-shirts sell for $11 each, then producer surplus in this market is:
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which of the following should be considered when building a portfolio? check all that apply. a. market timing. b. credit card debt. c. ability and willingness to take risk. d. the length of time available for your assets to earn returns. e. a need for liquid assets (cash).
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volunteers from state or private agencies who enforce fair housing by claiming to be home seekers, thereby finding out if brokers deal fairly with all clients/customers are referred to as who...?
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Pureform, Inc. , uses the FIFO method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow: Units Materials Labor Overhead Work in process inventory, beginning 77,000 $ 68,900 $ 31,500 $ 43,500 Units started in process 729,000 Units transferred out 750,000 Work in process inventory, ending 56,000 Cost added during the month $ 1,194,765 $ 288,660 $ 505,155 The beginning work in process inventory was 70% complete with respect to materials and 55% complete with respect to labor and overhead. The ending work in process inventory was 50% complete with respect to materials and 25% complete with respect to labor and overhead. Required: 1. Compute the first department's equivalent units of production for materials, labor, and overhead for the month. 2. Compute the first department's cost per equivalent unit for materials, labor, overhead, and in total for the month
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What are the four new rights the California Privacy Rights Act empowers California consumers with?
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The current global economy (total global GDP calculated at official, nominal exchange rates) is about $89 trillion.true or false
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households are increasingly likely to both directly purchase securities (perhaps via a broker) and also place some money with a bank or thrift to meet different needs. match the given investor's desire with the appropriate intermediary or direct security. i. money likely to be needed within six months ii. money to be set aside for college in 10 years iii. money to provide supplemental retirement income iv. money to be used to provide for children in the event of death depository institutions insurer pension fund stocks or bonds
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true/false. capital intensity multiple choice measures the amount of capital machinery in the business for every dollar of revenue generated. is higher for firms that recognize revenue on an accrual basis. measures operating expenses as a percentage of revenue. is higher for firms that keep a lot of extra capital available, in case of emergencies. measures the amount of revenue generated for every dollar of invested capital.
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Suppose, unfortunately, your mathematics and economics professors have decided to give tests two days from now and you can spend a total of only twelve hours studying for both exams. After some thought, you conclude that dividing your study time equally between each subject will give you an expected grade of C in each course. For each additional three hours of study time for one of the subjects, your grade will increase one letter for that subject, and your grade will fall one letter for the other subject.a. Construct a table for the production possibilities and a corresponding number of hours of study in this case.b. Plot these production possibilities data in a graph.c. Does this production possibilities curve reflect the law of increasing opportunity costs? Explain.
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1. who must take corrective action if an investigation confirms a harassment complaint has merit? the fire chief the company officer the eeo officer the authority having jurisdiction
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two groups are attempting to influence policy. one group represents the interests of a major shipping company. the other group represents the workers responsible for shipping the product. a critic of the influence of interest groups would make which of the following claims?
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Which one of these is a cash outflow from a corporation?a) sale of common stockb) issuance of debtc) profit retained by the firmd) sale of an assete) dividend payment
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sunk costs are costs that are incurred select one: a. regardless of which decision is made. b. only for some decisions. c. if a particular decision is made. d. if a particular decision is not made.
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Calculate gross profit margin (gross profitirevenues) and operating profit margin (operating profit/revenues) for Callaway Golf Company Muitiple Cholce A. 44.2% end 57% B. 50.2% and 5 C. Cannot be calculeted with the information provided D. 44.2% end 8%
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