Answer:
each state has its owns laws and regulations so it is true that state to state requirements vary
This is a true statement because the states govern licenses that are offered to financial planners based on their background, their education, their experience and their credentials. Therefore, a financial planner in one state may not have the same credentials or backround as a financial in another state even though they are both considered financial planners.
Item1 1 points eBookPrintReferencesCheck my workCheck My Work button is now enabled1Item 1 Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by Lanni's owners. Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over three years. Lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software. Lanni sells the software product to Microsoft, which will market it to the public under the Microsoft name. Lanni accepts payment in the form of 2,000 shares of Microsoft stock. Lanni sells the shares of stock for $70 per share and uses part of the proceeds to pay off the bank loan. a-1. Prepare its balance sheet just after it gets the bank loan. a-2. What is the ratio of real assets to total assets? (Round your answer to 1 decimal place.) b-1. Prepare the balance sheet after Lanni spends the $70,000 to develop its software product, with the software valued at cost. b-2. What is the ratio of real assets to total assets? (Round your answer to 1 decimal place.) c-1. Prepare the balance sheet after Lanni accepts the payment of shares from Microsoft. c-2. What is the ratio of real assets to total assets? (Round your answer to 2 decimal places.)
Answer:
Lanni Products
a1. Balance Sheet after getting the bank loan:
Assets:
Computer equipment $30,000
Cash 70,000
Total assets $100,000
Notes Payable (Bank Loan) 50,000
Owners' equity 50,000
Liabilities + Equity $100,000
a2. Ratio of real assets to total assets:
= $30,000/$100,000
= 0.3
b1. Balance Sheet after spending the $70,000 to develop its software product:
Assets:
Computer equipment $30,000
Software 70,000
Cash 0
Total assets $100,000
Notes Payable (Bank Loan) 50,000
Owners' equity 50,000
Liabilities + Equity $100,000
b2. The ratio of real assets to total assets
= $30,000/$100,000
= 0.3
c1. Balance Sheet after accepting payment of shares from Microsoft:
Assets:
Computer equipment $30,000
Investment in shares 140,000
Cash 0
Total assets $170,000
Notes Payable (Bank Loan) 50,000
Owners' equity 120,000
Liabilities + Equity $170,000
c2. The ratio of real assets to total assets:
= $30,000/$170,000
= 0.2
Explanation:
a) Data and Calculations:
Assets:
Computer equipment $30,000
Cash 20,000
Owners' equity $50,000
Cash Account:
Beginning balance $20,000
Bank loan 50,000
Cash balance after $70,000
Software development ($70,000)
Balance after software $0
Microsoft shares 140,000 (2,000 * $70)
Loan payment (50,000)
Ending Balance $90,000
Note Payable (Bank Loan) = $50,000
a) Lanni' real assets are the tangible assets (for example, computer equipment) that have an inherent value due to their physical attributes, and examples include metals, commodities, land, and factory, building, and infrastructural assets. Lanni's Software is not treated as a real asset. Similarly, the Investment in Microsoft is not a real asset.
What is this app and how do you work it?
Answer:
Run it through the script
Explanation:
Answer:
Hello new user! Here on Brainly, you can ask questions that you may be struggling with on here, and students all around the world can answer your question, or you may find that your question has already been asked before and is on here. And you can answer questions and help others too! when you answer a question, you can earn points which you can use to ask questions. you can also earn badges such as the answer master badge. you can get this badge after answering 25 questions in any subject! or the history nerd badge, which I just got. You can get this badge when you answer 10 history questions. there are a total of 222 achievements you can earn! you can also move up different ranks which are: the beginner, helping hand, ambitious, virtuoso, expert, ace, and the last one, genius. you can learn more about the ranks by clicking the orange box directly under your username! You can also 'thank' people by clicking on the heart icon when an answer shows up, and rate it by clicking the stars at the bottom of the answer. You can also pick a 'brainliest' which is a little crown icon that only shows up when there are two answers. I don't think I am missing anything, but I may be! I hope this helps and you have a great time on brainly! Have a great day!
In the current year, Pendleton Company had income tax expense of $40,000 and net income of $200,000. If the times-interest-earned ratio for Pendleton was 13 during the current year, what was its interest expense
Answer: $20,000
Explanation:
The times-interest-earned ratio is used to know the ability of a firm to pay interest on a particular debt. It is calculated as the addition of the net income, the taxes and the interest expense, which is then divided by the interest.
Based on the information given, the interest expenses will be represented by y and solved further as:
= (200,000 + 40000 + y) / y = 13
= (240000 + y) / y = 13
Cross multiply
240000 + y = 13 × y
240000 + y = 13y
13y - y = 240000
12y = 240000
y = 240000/12
y = 200000
Therefore, the interest expense is $20,000
Here is the algebra. (1) [(240,000 + x) / x} = 13. (2) 240,000+ x = 13x. (3) 240,000 = 12x. (4) x = 20,000
Vander Co. provides medical care and insurance benefits to its retirees. In the current year, Vander agrees to pay $9,500 for medical insurance and contribute an additional 5% of the employees’ $200,000 gross salaries to a retirement program.
(1) Record the entry for these accrued (but unpaid) benefits on December 31.
(2) Assuming $5,000 of the retirement benefits are not to be paid for five years, how should this amount be reported on the current balance sheet?
,Answer:
December 31, 202x, accrued medical insurance
Dr Medical care and insurance expense 9,500
Cr Medical care and insurance payable 9,500
December 31, 202x, accrued contribution to retirement program
Dr Retirement program expense 10,000
Cr Retirement program payable 10,000
Retirement program expense = $200,000 x 5% = $10,000
Journal entries;
Particular Debit Credit
Medical Insurance Exp Dr. $9,500
Ret. Program Exp Dr. $10,000
To Accrued Emp. Benefits $19,500
Retirement Program exp = Gross Salary X Percent of contribution = Retirement Program exp = $2,00,000 X 5%
Retirement Program exp = $10,000
"Non-Current Liabilities" requirements The obligation is non-current in nature because it is not due relatively soon, hence it is shown under Non-Current Liabilities.
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Which of the following is an example of disparate impact?
Answer:
For example, testing all applicants and using results from that test that will unintentionally eliminate certain minority applicants disproportionately is disparate impact. For example, testing a particular skill of only certain minority applicants is disparate treatment.
Explanation:
The instance of the disparate impact is "A woman is rejected for the board of directors of a public company.....grow a beard." Thus, option second is correct.
What is disparate impact?Disparate impact can be defined as unintentional discrimination taken against the person or the lower caste community. It includes the process in which every person is the same and follows the same process. This is done in order to protect the people of the lower caste who are negatively affected.
The example of Disparate impact is "A woman is denied for a position on a public firm's board of directors because the corporation wants all board members to be able to grow a beard."
Disparate effect refers to employment practices that might disproportionately harm one group of persons with a protected feature over another, even if the regulation is legally neutral.
Therefore, it can be concluded that option second is correct.
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Your question is incomplete, but most probably the full question was….
List of options:-
A group of persons is fired because they used corporate assets to advocate for their religious views.A woman is rejected for the board of directors of a public company because the company requires that all board members be able to grow a beard.A man is denied a promotion because he is Hispanic.Nancy owns a small dress store. During 2015, Nancy gives business gifts having the indicated cost to the following individuals:
Mrs Johns (a customer) : $37 plus $3 shipping
Mr. Johns (nonclient husband of Mrs. Johns) : $10
Ms. Brown (a customer): $22
What is the amount of Nancy's deduction for business gifts?
a. $ 0
b. $ 50
c. $ 53
d. $ 62
e. None of the above
Answer:
b. $50
Explanation:
Calculation for the amount of Nancy's deduction for business gifts
Deduction for business gifts=($37+$10-$22)+$3+$22
Deduction for business gifts=$25+$3+$22
Deduction for business gifts=$50
Therefore the amount of Nancy's deduction for business gifts will be $50
Which answer choice below does NOT influence decision making for the rational consumer?
a) Finite resources
b) Utility maximization
c) Profit maximization
d) Opportunity cost
Answer:
C
Explanation:
The option that doesn't affect the decision-making of a rational consumer would be:
C). Profit Maximization
"Finite Resources" is the factor that will directly impact the decision-making of a rational consumer to make a purchase. The reason behind this is that the sole purpose of a rational consumer is to serve his self-interest and maximize the product's utility.Therefore, he/she aims to receive the maximum utility at the probable opportunity cost to get the best possible alternative.Thus, option C is the correct answer as profit maximization is not the consumer's aim but the sellers'.
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What is a best practice to effectively extract customer ideas through crowdsourcing?
Answer:
Encourage a sense of community
Explanation:
Crowd sourcing means sourcing for information, ideas, thoughts from selected people all over the world; usually through the internet. It enables companies get best business ideas from these set of people, by getting a share of their skills hence saves money and time.
The best practise to effectively extract customers ideas through crowd sourcing is to encourage a sense of community because
mr sumesh started selling cars at the age of 23 and he then started selling planes at the age of 43 years. what is the fraction of his agr did he sell the car?
Answer:
[tex]Fraction = \frac{20}{43}[/tex]
Explanation:
Given
[tex]Cars = 23[/tex]
[tex]Planes = 43[/tex]
Required
Fraction of his age where he sold cars.
So, first we need to calculate the duration which he sold cars.
[tex]Duration = 43 - 23[/tex]
[tex]Duration = 20[/tex]
This means that he sold cars for 20 years.
To solve further, we'll assume that his current age is 43.
So, the fraction of his age is:
[tex]Fraction = \frac{Duration}{Current\ Age}[/tex]
Substitute values for Duration and Current Age
[tex]Fraction = \frac{20}{43}[/tex]
which of the following resume statements is most effective?
have experience entering data into Microsoft word and excel
proficient in excel, word, visio, publisher, and powerpoint
certified in microsoft office
used expertise in data entry software, analyzed progress of energy conservation in green energy plants
Answer:
option D i am not sure my answers is correct or not
Answer:
used expertise in data entry software, analyzed progress of energy conservation in green energy plants
Explanation:
Last year a company had sales of $410,000, a turnover of 2.8, and a return on investment of 33.6%. The company's net operating income for the year was:
Answer:
$49,200
Explanation:
The turnover hinted in the question means asset turnover, which can be used to determine the worth of assets invested in the year as follows:
asset turnover=net sales/total assets
assets turnover=2.8
net sales=$410,000
total assets employed in the year is the unknown
2.8=$410,000/total assets
2.8*total assets=$410,000
total assets=$410,000/2.8= $146,429
return on investment=net operating income/total assets
return on investment=33.6%
net operating income is unknown
total assets=$146,429
33.6%=net operating income/$146,429
net operating income=33.6%*$146,429 =$49,200
A factor market is A) where goods are exchanged. B) where resources are exchanged. C) where goods are made. D) organized by government.
Answer: B) where resources are exchanged
Explanation:
The factors market is a very important market as this is where producers buy and sell resources needed for the production of goods and services. These resources include land, capital, labor and raw materials.
The market where crude oil is sold for instance is a factor market. Crude oil is a raw material that is converted into gasoline amongst other fuel related products.
Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating income of $1,924,320, and average operating assets of $6,000,000. The company's minimum required rate of return is 10%. The division's return on investment (ROI) is closest to:
Answer:
7.6%
Explanation:
Calculation for what The division's return on investment (ROI) is closest to:
Using this formula
Margin = Net operating income ÷ Sales
Let plug in the formula
Margin=$1,924,320/$25,320,000
Margin=0.076*100
Margin=7.6%
Therefore The division's return on investment (ROI) is closest to:7.6%
Target costing: Determines cost based on an expected market demand for the product. Determines cost based on standard cost. Determines cost based on a budget. Determines cost based upon market price and desired profit.
Answer:
Determines cost based upon market price and desired profit.
Explanation:
Target costing can be regarded as an approach that allows to know
cost of a product through its life-cycle. It enables to know the cost needed to ensure functionality as well as quality of the product with a desired profit at the end of production. It should be noted that Target costing Determines cost based upon market price and desired profit.
A profit-seeking firm is in a competitive market and experiences the following production figures: marginal cost equals marginal revenue at $4.50, marginal cost equals average total cost at $6, and marginal cost equals average variable cost at $4. Based on these figures, what should it do
Answer:
the firm should continue to operate in the short run since its marginal revenue is equal to its marginal costs. But in the long run, since the company's average total cost is higher ($6), then they should probably exit the market if they are unable to increase their marginal revenue.
Which theme can be found in both "If" and The Jungle Book by Rudyard Kipling?
Learning to share is part of growing up.
Learning to read and write is part of growing up.
Learning to hunt for food is part of growing up.
Learning to stand alone is part of growing u
Answer:
The correct answer is D. learning to stand alone is part of growing up.
Explanation:
Learning to stand alone is part of a growing theme that can be found in both "If" and The Jungle Book by Rudyard Kipling.
What are the themes?A theme is a central topic, subject, or message within a narrative in current literary studies. Themes are classified into two types: thematic concepts and thematic statements. Thematic concepts are what readers “believe the work is about,” while thematic statements are “what the piece says about the subject.”
The poem "If" is about maturing. Rudyard Kipling enumerates a number of qualities that make a strong man. In the fictional story The Jungle Book, a boy grows up in the jungle. The hardship of growing up and leaving childhood is demonstrated in both writings.
Therefore, The theme can be found in both, Learning to stand alone is part of growing.
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Luana loves shopping for clothes, but considering the state of the economy, she has decided to start saving. At the end of each year, she will deposit $1,760 in her local bank, which pays her 8% annual interest. Luana decides that she will continue to do this for the next four years. Luana’s savings are an example of an annuity. How much will she save by the end of four years? $7,930.76 $6,741.15 $5,829.34 $8,565.22
Answer:
FV= $7,930.76
Explanation:
Giving the following information:
Annual deposit= $1,760
Annual interest rate= 8%
Number of periods= 4 years
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {1,760*[(1.08^4) - 1]} / 0.08
FV= $7,930.76
Explain the reasons why risk management might increase the value of a corporation?
Explanation:
Risk management is to increase a firm ’s profitability;
(1) Raise all use of borrowing by them.
(2) Preserve their optimum budget for resources in accordance.
(3) Reduce potential distress-related expenses.
(4) Make use of their comparable liquidity advantages compared to the individual's liquidity capacity.
Greg had selected 8 intervals total to service. He logged in on time for each interval, but ended up logging out 5
minutes early on 3 of those intervals. What is his resulting CA percentage for the week (rounded to the nearest
whole number)?
Answer:
The resulting CA percentage for the week to the nearest number is 94%
Explanation:
CA refers to Commitment Adherence.
Commitment Adherence (CA) is a way to calculate the reliability of an employee in relation to how much time they put into their work.
Put differently, it is a mathematical comparison between how much time you stated that you were going to work versus the actual amount worked. This concept is prevalent with people who use clock-in and clock-out system to measure productivity.
Step 1
The formula for calculating Commitment Adherence (CA) is:
(Serviced Minutes - Excused Non-Serviced Minutes) / (Posted Minutes + Released Minutes)
When you log out at about 5 minutes early it translates to 83% because each interval is 30 minutes. So 23/30 = 83%
Step 2
There are 8 intervals. 5 of them are 100% each. Thus total intervals for the week equal
(5*100%)+(3*83%) =
7.49 *30 = 224.7
Total number of intervals selected =
8*30 = 240
Therefore commitment adherence = 224.7/240
= 0.94%
Cheers!
• Aiden and Sophia are married and they have always filed Married Filing Jointly.
• Aiden died May 5, 2020 at the age of 58. Sophia, age 56, has not remarried.
• Aiden earned $5,000 in wages and Sophia earned $51,000 in wages.
• Sophia paid all the cost of keeping up a home and provided all the support for their
two children, Mia and Oliver, who lived with them all year.
• Mia is 11 years old and Oliver is 15 years old.
• Sophia does not have enough deductions to itemize, but she did make a $500 cash
charitable contribution to a qualified charitable organization in tax year 2020.
• Aiden, Sophia, Mia, and Oliver are all U.S. citizens with valid Social Security
numbers.
5. What is most advantageous filing status allowable that Sophia can claim on the tax
return for tax year 2020?
a. Single
b. Head of Household
c. Qualifying Widow(er)
d. Married Filing Jointly
6. What amount can Sophia deduct as a charitable contribution adjustment?
a. $0
b. $250
c. $300
d. $500
Answer:
5. C
6. C
Explanation:
5. In this year 2020, The most advantageous filing status allowable that Sophia can claim on the tax return is option c :
Which is the Qualifying Widow(er)
This filing status known as the Qualifying widow/widower is applicable to surviving spouses like Sophia who have dependents. The surviving spouse would be able to file taxes jointly with the spouse who is now late.
6. Sophia can deduct a charitable contribution adjustment of option c:
Which is $300
In year 2020, those who are non-itemizers are able to claim up to $300 in an above-the-line income tax deductions for the monetary donations that they made in that year.
Hesterman Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:
Budgeted selling price per unit $118
Budgeted unit sales (all on credit):
April 7,800
May 9,400
June 14,000
July 12,100
Raw materials requirement per unit of output 3 pounds
Raw materials cost $3.00 per pound
Direct labor requirement per unit of output 2.8 direct labor-hours
Direct labor wage rate $25.00 per direct labor-hour
Credit sales are collected:
40% in the month of the sale
60% in the following month
The ending finished goods inventory should equal 40% of the following month's sales. The ending raw materials inventory should equal 20% of the following month’s raw materials production needs. The budgeted required production for May is closest to:______.
a. 9,400 units.
b. 18,760 units.
c. 11,240 units.
d. 15,000 units.
Answer:
Production= 11,240 units
Explanation:
Giving the following information:
Budgeted unit sales (all on credit):
May 9,400
June 14,000
The ending finished goods inventory should equal 40% of the following month's sales.
To calculate the production required for May, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 9,400 + (14,000*0.4) - (9,400*0.4)
Production= 11,240 units
Compute the takt time for a service system that intended to perform a standardized service. The system will have a total work time of 352 minutes per day, excluding three 16-minute breaks, and an hour for lunch. The service system must process 82 jobs a day
Answer:
2.98 minutes per cycle
Explanation:
Total work time = 352 minutes per day
Break time = 16 min*3 = 48 min
Lunch time = 60 min
Total time left = 352 - 48 - 60 = 244 min
Demand = 82 jobs a day
Takt time = Total production time available/Demand
Takt time = 244/82
Takt time = 2.9756
Takt time = 2.98 minutes per cycle
why the foreign employment is considered a challenge?discuss and write.
Answer:
Foreign employment is concider as challenge because of the employment are forced to work for long hours without any holiday, some of employees are physically as well as mentally tortured and exploited by there co-employee, some of the people don't know the language of foreign countries. It is very important for mutual communication in foreign countries.
Hope that it will help you.
Although AA (Alcoholics Anonymous) programs are considered effective, the dropout rate for GA (Gamblers Anonymous) programs is ________. a. 50% to 70%. b. 10% to 30%. c. 30% to 50%. d. 70% to 90%.
Answer: d. 70% to 90%
Explanation:
Gamblers Anonymous was founded in 1957 to help people with a compulsive gambling problem get better. Sadly it has not been very effective with one of their main criticisms being that 70 - 90% of participants drop out and most time go back to gambling.
There have been additional treatments suggested such as therapy but it would seem that gambling brings abut an addiction that is quite tough to let go of.
If nominal gross domestic product in a country is $1,600 and the money supply is $400, what is the velocity of money
Answer:
[tex]Velocity = 4[/tex]
Explanation:
Given
[tex]NGDP = \$1600[/tex] --- nominal gross domestic product
[tex]Money\ Supply = \$400[/tex]
Required
Determine the velocity of money
This is calculated using:
[tex]Velocity = \frac{PT}{M}[/tex]
Where:
[tex]P = Price\ Level[/tex]
[tex]T = Real\ Transaction\ Value[/tex]
[tex]M = Amount\ of\ Money[/tex]
In terms of NGDP, the velocity is calculated as:
[tex]Velocity = \frac{NGDP}{M}[/tex]
So:
[tex]NGDP = \$1600[/tex]
[tex]M = \$400[/tex]
The expression becomes
[tex]Velocity = \frac{\$1600}{\$400}[/tex]
[tex]Velocity = 4[/tex]
The coupon rate of a floating-rate note that makes payments in June and December is expressed as six-month Libor 25 bps. Assuming that the six-month Libor is 3.00% at the end of June 20XX and 3.50% at the end of December 20XX, the interest rate that applies to the payment due in December 20XX is:
Answer: 3.25%
Explanation:
The interest rate that applies to the payment due in December 20XX will be the addition of the the six-month Libor which is 3.00% at the end of June 20XX and the coupon rate of a floating-rate note which is expressed as six-month Libor 25 bps.
Therefore, the answer will be:
= 3.00% + 0.25%
= 3.25%
Accountability within an organization allows managers to operate independently from the rest of the organization. flows downward to the lowest level of worker. applies primarily to top management. requires that each level of management answer to a higher authority.
Answer:
requires that each level of management answer to a higher authority.
Explanation:
If there is an accountability in an organization so it is needed for each and every level to give the answer to the higher authority whatever they asked the management level need to answer that
If it is not answered so it would become doubt in the mind of the higher authority and they think that there is some mess up
So the last option is correct
Process capability evaluation allows us to: Select one: a. check customer requirements against what a process is able to achieve b. set control limits to a process c. determine the central tendency and the spread of a process d. eliminate subprocesses that do not contribute to customer satisfaction
Answer:
Process capability evaluation allows us to:
a. check customer requirements against what a process is able to achieve.
Explanation:
Process capability evaluation involves the set of tools used to analyze the performance of a given process against desired specifications. This means that it measures how well a process performs against targets. There are different measures of process capability. For example, Sigma Six is used as a process capability evaluation. Process capability index is also used to evaluate a process' capability, where the upper and lower limits are measured.
Why does the market portfolio include all risky assets?
Product differentiation in monopolistic competition Consider two gas stations. One is located at a major intersection used by people commuting from populous neighborhoods to jobs located in the downtown area. The other is located on the outskirts of the city. Both gas stations sell high-grade or premium-grade gas for a higher price than low-grade or regular-grade gas. However, the gas station along the more congested route charges higher gas prices for all grades than the station on the outskirts of town. These gas stations offer product differentiation based on which of the following?
A. Quality.
B. Style.
C. Location.
Negative long-run profit can occur as a result of advertising in a monopolistically competitive market.
True
False
Answer:
A. Quality. and C. Location.
True
Explanation:
High charging means more vehicles will come from that location because your pump is in a congested area, so demand will be higher due to location. Also, there is a difference of merit, one high grade to another and the lowest grade. so correct answer is Quality and Location.True, As manufacturing companies in this market are competing, advertising can help increase product prices in the long run. This is not like price constant competition.