Julio is in the 32% tax bracket. He acquired 9,000 shares of stock in Gray Corporation seven years ago at a cost of $20 per share. In the current year, Julio received a payment of $135,000 from Gray Corporation in exchange for 4,500 of his shares in Gray. Gray has E & P of $1,000,000. What income tax liabil-ity would Julio incur on the $150,000 payment in each of the following situations? Assume that Julio has no capital losses.

a. The stock redemption qualifies for sale or exchange treatment.
b. The stock redemption does not qualify for sale or exchange treatment.
c. How would your answer to parts (a) and (b) of Problem 49 differ if Julio were a corporate shareholder rather than an individual shareholder and the stock ownership in Gray Corporation represented a 25% interest?

Answer:

c. Interest Payable, $1,200.

Explanation:

Based on the information given in a situation where the company keeps its records on a calendar year, an adjustment is needed on December 31 to increase: INTEREST PAYABLE, by $1,200

Increase in Interest payable=6%*30,000*8/12

Increase in Interest payable=$1,200

(May 1 to December 31=8 months)

Answer:

Direct material flexible budget= $159,250

Explanation:

Giving the following information:

The standard cost per ounce of material is $16.25.

Actual quantity= 9,800 ounces

The flexible budget employs the standard cost for the actual quantity:

Direct material flexible budget= 16.25*9,800

Direct material flexible budget= $159,250

Answer:

$1,839.45

Explanation:

PV =  P * [1-(1+r)^-n / r]

n = 30*12=360 months, r = 6.37%/12 = 0.5308% (monthly)

295,000 = P*[1 - (1+0.005308)^-360 / 0.005308}

295,000 = P * $160.3739

P = $295,000 / $160.3739

P = $1,839.45

So, the monthly mortgage payments is $1,839.45.

Answer:

56.83 days

Explanation:

Calculation to determine Excel technology's cash conversion cycle

First step is to determine the Days inventory outstanding

Days inventory outstanding = 365 / Inventory turnover

Days inventory outstanding= 365 /6.0

Days inventory outstanding= 60.83 days

Now let determine the Cash conversion cycle

Cash conversion cycle = Days inventory outstanding + Days sales outstanding - Days payable outstanding

Cash conversion cycle=60.83 + 41 - 45

Cash conversion cycle=56.83 days

Therefore Excel technology's cash conversion cycle is 56.83 days

Answer:

By installing fingerprint security or password system.

Explanation:

Fingerprint security or password system will be installed in the radio, cellular and satellite transmissions which can only work after it receive the correct fingerprint or password. If this security system is used in these machines then no other person is able to use it so in my opinion these security systems should be incorporated in order to make these machines safe and secure.

Answer:

Nhóm mình nhận làm báo cáo thực tập tốt nghiệp kế toán, tất cả các đề tài. ... Bài số 4:Doanh nghiệp B trong tháng 12/N có tình hình sau: (ĐVT: 1000đ) A) Số dư ... 1) Giấy báo Có số 375 ngày 7/12 về tiền bán 90 cổ phiếu công ty X, giá bán mỗi ... kiểm soát một số TSCĐ như sau Tên TSCĐ Nơi sử dụng Nguyên giá Số đã

Answer:

EAR = (1+APR/m)^m - 1 where m=compounding periods  

1.  0.116 = (1+APR/2)^2 - 1

(1+0.116) = (1+APR/2)^2

(1.116)^(1/2) = 1+APR/2

APR = [(1.107)^(1/2) - 1]*2

APR = [1.05214067501 - 1]*2

APR = 0.05214067501 * 2

APR = 0.10428135002

APR = 10.43%

2. 0.116 = (1+APR/12)^12-1

APR = [(1+0.116)^(1/12)-1]*12

APR = [1.116^(1/12) - 1] * 12

APR = [1.00918785692 - 1] * 12

APR = 0.00918785692 * 12

APR = 0.11025428304

APR = 11.05%

3. 0.093  = (1+APR/52)^52 - 1

APR = [(1+0.093)^(1/52) - 1] * 52

APR = [1.093^(1/52) - 1] * 52

APR = [1.0017115825  - 1] * 52

APR = 0.0017115825 * 52

APR = 0.08900229

APR = 8.90%

Answer:

Please find the attached file for the complete solution:

Explanation:

Answer:

Beginning cash Balance 123,000 ; 150,200 ; 239,750

Cash receipts :

Cash collection from credit sales 344,100 ; 382,450 ; 368,750

Cash available 467,100 ; 532,650 ; 608,500

Cash disbursement :

Purchases 185,000 ; 193,000 ; 181,000

Wages, taxes and expenses 81,100 ; 76,600 ; 105,300

Interest 10,800 ; 10,800 ; 10,800

Equipment purchases 40,000 ; 12,500 ; 161,000

Total Cash disbursement 316,900 ; 292,900 ; 458,100

Ending Balance 150,200 ; 239,750 ; 150,400

Explanation:

Cash budgets are prepared to identify the movement of cash in business. The cash collections are the receipts and cash disbursement are the expense paid in cash.

Answer:

Option b. Internal strengths change with its external environment in a dynamic fashion.

Explanation:

The main forces driving industry evolution all over the world are Technology and demand.

Technological change is a form of social and institutional compiled or embedded process. It is limited by their social and economic views. The choices and technologies used are affected by the drive for profit, capital accumulates and investment etc. has compressed greatly as the pace of technological change has also increased or accelerated.

The accelerated pace of technological change, in combination with deregulation, globalization, and demographic shifts, dynamic markets today are the rule. As response, a firm may create, deploy, modify, reconfigure, or upgrade resources so as to give value to customers and/or lower costs.

Types of technological change

1. Incremental innovations:

2. Radical innovations

3. Changes of technology system

4. Changes in the techno-economic paradigm

ĐÁP ÁN:

Phương pháp thẻ song song:

Phương pháp thẻ song song mặc dầu đơn giản, dễ làm nhưng việc ghi chép còn nhiều trùng lắp. Vì thế, chỉ thích hợp với doanh nghiệp có qui mô nhỏ, số lượng nghiệp vụ ít, trình độ nhân viên kế toán chưa cao.

Phương pháp sổ đối chiếu luân chuyển:

Theo phương pháp sổ đối chiếu luân chuyển, công việc cụ thể tại kho giống như phương pháp thẻ song song ở trên. Tại phòng kế toán, kế toán sử dụng sổ đối chiếu luân chuyển để hạch toán số lượng và số tiền của từng thứ (danh điểm) vật liệu, công cụ, dụng cụ nhỏ theo từng kho. Phương pháp này mặc dầu đã có cải tiến nhưng việc ghi chép vẫn còn trùng lắp.

Phương pháp sổ số dư:

Theo phương pháp sổ số dư, công việc cụ thể tại kho giống như các phương pháp trên. Định kỳ, sau khi ghi thẻ kho, thủ kho phải tập hợp toàn bộ chứng từ nhập kho, xuất kho phát sinh theo từng vật liệu, dụng cụ, sản phẩm quy định. Sau đó, lập phiếu giao nhận chứng từ và nộp cho kế toán kèm theo các chứng từ nhập, xuất kho vật liệu, dụng cụ, sản phẩm. Ngoài ra, thủ kho còn phải ghi số lượng vật liệu, dụng cụ, sản phẩm tồn kho cuối tháng theo từng danh điểm vào sổ số dư.

Answer:

the restaurant industry has been slow to adopt data analytic. Rising food and labor costs are also forcing restaurants to become more efficient.Technology must and is playing a key role to optimize the bottom line and provide a great guest experience

Explanation:

25% of those restaurants surveyed indicated they plan to spend more money and time on technology in 2016. While 4 out of 5 of these same participants also admitted that technology makes them better by: increasing sales, improved productivity, and provides a competitive advantage.

Based on the survey responses mentioned above, there seems to be a high level awareness that technology and best practices will bring real value to a restaurant’s operations; but then perhaps a gap that leads to inaction when it comes to purchasing and implementing technology. When it comes to technology solutions designed to improve your pre-employment, onboarding, tax credit screening, I-9, and unemployment management process, Equifax can serve as a resource by providing best practices, resources, and solutions to help solve for your challenges.

Answer: 154 units

Explanation:

Standard deviation of demand during lead time = √[(Mean lead time * Standard deviation of demand ²) + (Mean demand * standard deviation of lead time²)]

= √ [ ( 5 * 16²) + (150² * 1²)]

= √[ 1,280 + 22,500]

= 154.20765

= 154 units

Answer:

$1,306,986

Explanation:

Calculation to determine What is the levered value of the equity

First step is to calculate the VL

VL = {[$338,000 × (1 - .34)] / .142} + (.34 × $400,000)

VL= $1,706,986

Now let calculate the levered value of the equity (VE)

VE = $1,706,986 - $400,000

VE = $1,306,986

Therefore the levered value of the equity is $1,306,986

Answer: $18984.9

Explanation:

Your question isn't complete as you didn't give the interest rate. Let's assume that the interest rate is 12%.

Therefore, the present value will be:

= 3000 + 3000[1 - (1 + 0.12)^-10+1] / 0.12

= 3000 + (3000 × 5.3283)

= 3000 + 15984.9

= 18984.9

Therefore, the present value is $18984.9

Answer:

Airline CF and Airline O

The true comment is:

a. None of the listed answers

Explanation:

Under finance lease, Airline CF will recognize an asset, a balance sheet account, which it depreciates periodically, while under operating lease, Airline O will only recognize expenses for the rental payments, an income statement item.  Airline CF pays annual lease payments (repayment of lease liability and interest expense).  Airline O pays rental expenses only.

Answer: C. Five year certificate of deposit.

Explanation:

A certificate of deposit refers to a savings account whereby a fixed amount of money is being held for a fixed period of time, and interest is earned on it.

Since Joan Martin expects interest rates to decline over the next few months, in order to achieve her long-term financial goals, then she will trade off liquidity for a higher return by using a five year certificate of deposit. Here, the liquidity is low when it's compared to that of the regular savings account.

The solution to the surd equation here is x = 449/49

[tex]\sqrt{x+8} +\sqrt{x-1} = 7[/tex]

We have to isolate the surds

[tex]\sqrt{x+8} =\sqrt{x-1} +7[/tex]

Square the both sides of the equation

x+8 = x-1+49-14√x-1

Separate the equations on the left and the right hand side

14√x-1 = -x-8+x-1+49

Rearrange the equation

14√x-1 = 40

square the both sides of the equation such that

196x  -1796 = 0

Divide through by 196

x = 1796/196

x = 449/49

Read more on surds here:

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Answer:

$187

Explanation:\

Average cycle inventory = Average of maximum inventory and minimum inventory = (22 + 0) / 2 = 11 pallets

Annual holding cost for Perfect Printing Paper = Average cycle inventory * Holding cost per pallet per year

Annual holding cost for Perfect Printing Paper = 11 pallets * $17.00

Annual holding cost for Perfect Printing Paper = $187

Answer:

Mix advertising, public relations, sales promotion and personal selling

Answer: Logistic regression

Explanation:

The type of model that the student group can utilize to analyze which features are important for explaining whether someone opens a promotional email is the logistic regression.

Logistic regression is the regression analysis that's used to conduct in a case whereby the dependent variable is binary.

With regards to the question, the logistic regression can provide the best model which will be used to forecast the most important features for the opening of the promotional e-mail.

Answer:

Completing the following statements based on the calculations and an understanding of semiannual coupon bonds:

1. Assuming the interest rates remain constant, the T-notes price is expected to _____________. (Increase or Decrease).

The reason for the increase in the T-notes price is the addition of the amortization for the 6-month period of $17,563.

2. The T-note described is selling at a ________________. (Premium or Discount)

The T-note sells at a discount because the face value is greater than the price.  This implies that at the end of the maturity period of 5 years, the amount that will be received or paid is $1,000,000 and not the price that was initially received or paid.

3. When valuing a semiannual coupon bond, the time period N in the present value formula used to calculate the price of the bond is treated in terms of ____________ periods. (Annual, 6 month, 4 month, 12 month)

Semiannual = 6 months (12/2).

Explanation:

a) Data anc Calculations:

Face value of semiannual coupon U.S. Treasury note = $1,000,000

T-note price = $773,871.23

Discount on the note = $226,128.77 ($1,000,000 - $773,871.23)

Maturity period = 5 years

Coupon rate = 5%

Yield rate = 11%

Semiannual coupon payment = $25,000 ($1,000,000 * 2.5%)

Semiannual interest expense = $42,563 ($773,871.23 * 5.5%)

Amortization of discount =          $17,563 ($42,563 - $25,000)

Answer:

benefit/Compensation plan

Explanation:

this is an example of the starbuck employee compensation plan. The employee compensation plan is a program that includes the bonuses, the incentives and the salary that employees  that work in an organization are likely to earn. In this case the health care plan for all employees that work for more than 20 hours is an employee benefit plan that can be used as a motivating factor to all the workers in the organization.

Answer:

$2,575,278.87

Explanation:

Present Value = $458,000 + $458,000 /(1+.08)^1 + $458,000 /(1+.08)^2 + $458,000 /(1+.08)^3 + $458,000 /(1+.08)^4 + $458,000 /(1+.08)^5 + $458,000 /(1+.08)^6

Present Value = $458,000 + $424,074.07 + $392,661.18 + $363,575.16 + $336,643.67 + $311,707.10 + $288617.69

Present Value = $2,575,278.87

So, the present value of the cash flow stream that the company is offering to me is $2,575,278.87.

Answer and Explanation:

The journal entry is shown below:

Cash $1,050  

Cash short and over $9  

      Sales revenue  $1,059

(Being the cash collection is recorded)

Here we debited the cash as it increased the assets and credited the sales revenue as it also increased the revenue and the difference is debited to cash short and over

Explanation:

Delegation of authority is a process that enables a person to assign a task to others. As a manager or leader, you're expected to perform several tasks and meet multiple deadlines. To ensure that you achieve your objectives on time, you delegate responsibility to your team members

Answer:

In order to meet the targets, the manager should delegate authority. Delegation of Authority means division of authority and powers downwards to the subordinate. Delegation is about entrusting someone else to do parts of your job. Delegation of authority can be defined as subdivision and sub-allocation of powers to the subordinates in order.

Explanation:

Answer:

A)Real GDP omits measures of political freedom.

Explanation:

The Real Gross Domestic Product is a measure of all the goods produced in an economy within a year but with changes in price levels triggered by inflation factored in. Political freedom does not affect economic freedom. People may be restricted politically but still, go about their normal economic activities.

Because the Real GDP basically focuses on transactions done in the markets, it might not accurately measure the growth rate because some people conduct illegal businesses underground that are not captured by the government, while some produce their goods at home. Also, leisure time is not factored and it is important because an increase in leisure time will affect time spent in activities that improve the economy.

Answer:

This is called:

Trade Restriction

Explanation:

Outsourcing to foreign markets can cripple domestic industries, increase local unemployment, and impose trade imbalance.  To check excessive outsourcing, the federal government imposes tariffs.  Such a trade restriction is considered necessary within the domestic economy.  But it may be regarded as a restriction of free trade within the international community.

The policy adopted by the federal government that imposed tariffs to discourage outsourcing is known as Protectionism policy.

A Protectionism policy are adopted or enforced to protect the domestic workers or industries against external bodies.

Hence, the policy adopted by the federal government that imposed tariffs to discourage outsourcing is known as Protectionism policy.

Read more about Protectionism

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Answer:

the purchase of a foreign asset and a forward contract in the market for foreign exchange.

Explanation:

An arbitrage is a type of trade that is caused as a result of market inefficiency.

For example, if a stock is trading at $50 on the London Stock Exchange (LSE) while it is trading for $52 on the New York Stock Exchange (NYSE) at the same time. Philip buys the stock on the LSE and sells the same shares immediately on the NYSE and earns a profit of $2 per share, this is referred to as an arbitrage.

This ultimately implies that, arbitrage allows an individual to profit from the price difference between similar goods, commodity, securities or currency in different markets.

A covered interest arbitrage can be defined as trading strategy in which an investor minimizes his or her currency risk by using a forward contract to hedge against the interest rate difference between two countries i.e the exchange rate risk. Thus, it's considered to be the most common interest rate arbitrage around the world.

Hence, a covered interest arbitrage involves both the purchase of a foreign asset and a forward contract in the market for foreign exchange.