Phil used his rental property for personal use for 7 days and rented it for 63 days. In most cases, what percentage of his expenses are not rental expenses and cannot be deducted on Schedule E?

a. 10%
b. 20%
c. 50%
d. 90%

Answer:

A. True

Explanation:

The proper arrangement of the events for a referee for taking in the case when a coach deny for starting play with the both teams on the ice and after the game has started the captain would be warned with 15 seconds for comply and it should be warn again with 15 seconds now the game is suspended and it analyze the penalty of the match to the head coach and report the same to the proper authorties

So the above represent true

Answer:

$386.14

Explanation:

The computation of the price of the stock today is as follows;

But before that following calculations need to be done

Year 6 dividend = $20 × (1 + 1%)

=  $20 × (1 + 0.01)

= 20.2

Now  

Value at year 5 = Dividend at year 6 ÷  (required rate - growth rate )

= $20.2 ÷ (0.06 - 0.01 )

= $20.2 ÷ 0.05

= 404

Now  

Price of stock = Annuity × [1 - 1 ÷ (1 + r)^n] ÷ r + FV ÷ (1 + r)^n

= $20 × [1 - 1 ÷ (1 + 0.06)^5] ÷ 0.06 + 404 ÷ (1 + 0.06)^5

= $20 × [1 - 0.747258] ÷ 0.06 + 301.892302

= $20 × 4.212367 + 301.892302

= $386.14

Answer: a. $154,000 increase

Explanation:

An overstated closing inventory overstates Income as it understates Cost of Goods sold.

An overstated Depreciation understates Income as it overstates expenses.

2014 Income Overstatement (understatement) = 162,000 - 135,000

= $27,000

Net income overstated by $27,000 in 2014

An understated closing inventory understates Income as it overstates Cost of Goods sold.

An understated Depreciation overstates Income as it understates expenses.

2015 income overstatement (understatement) = 45,000 - 64,000

= -$19,000

Income understated in 2015 by $19,000

2015 Beginning inventory was $162,000 overstated which means income was understated by $162,000 in 2015.

Income should therefore be increased (decreased): Understatements - Overstatements

= 162,000 + 19,000 - 27,000

= $154,000

Answer:

a.higher than the market rate of interest

Explanation:

If bonds are issued at a premium, the stated interest rate is higher than the market rate of interest.

- If the company issues the binds at a premium, it means that the company is getting more money than the face value of the bond.

- This happens because the demand for the bind is high in the market.

- The demand is high because the company offers higher interest rate as compared to market interest rate.

- If the bonds are issued at a discount, then the stated interest rate is lower than the market interest rate.

Answer: Average handle time

First contact resolution

Explanation:

Since the center manager needs to measure the productivity of the agent and the customer satisfaction, the report that should be recommended by a consultant would be the average handle time and the first contact resolution.

The average handle time shows the time taken for a transaction to be completed. This can be used to determine the productivity of agents. Also, first contact resolution can be used to determine customer satisfaction as it shows the number if queries that were successfully resolved.

Answer:

the answer is true

Explanation:

when someone bribes you they want to give you something for something they want sone

Answer:

FALSE

Explanation:

Bribery is the giving or taking of money or something of value to influence a public official in the performance of his or her duties.

not a private person, thus the answer is false

Answer:

1. Product Fit

2. Customer Acquisition cost

3. Customer Service and Support.

Explanation:

The three most important concepts to keep in mind while completing a marketing research project are

1. Product Fit: this is the analysis of how well the product to be produced will satisfy the market.

2. Customer Acquisition cost: this is the analysis to determine the expected cost of enticing a new consumer or customer to the products or services to be produced.

3. Customer Service and Suppor: this is the analysis to ensure that the firm can finance the ensuing growth from its marketing enterprises.

Answer:

The answer is "Budget"

Explanation:

* An essential task of budgeting is to estimate the degree of resources or funds that will be required in the future to help crafted by set up offices, projects, and exercises. Another significant difficulty of budgeting is to recognize and evaluate elective ways that funds could be used all the more successfully to achieve a given set of strategy objectives or goals. The individuals who are liable for budgeting and appropriating funds will never make some easy time with both of these tasks.

* For strategy and program territories in which the processes fundamental spending requests are justifiable and moderately steady, gradual methods frequently get the job done to create sensibly exact evaluations of budget necessities.

* Since the spending process is protracted and spending requests are portrayed by vulnerability, offices think that its difficult to precisely estimate their budget needs when financial plans are drafted.

Answer:

Creating a Good Résumé

Dos

1. using underlined text to  denote section headings

3. listing work experience  chronologically

6. listing technical competencies

Don’ts

2. including marital status

4. using different bullet styles

5. making the résumé lengthy

Explanation:

A good resume is a document that gives a brief summary of a job applicant's personal and professional experiences, skills, and education history.  It is used in addition to a cover letter to show off your best self to potential employers. Important sections of a good resume include contact information, summary or objective, work experience, and education history.

Answer:

24.3 days

Explanation:

Calculation for How long, on average, does it take the firm to collect on its sales

Using this formula

Average collection period = (Accounts receivable / Credit sales) * 365 days

Let plug in the formula

Average collection period =$30 million/$450 million *365 days

Average collection period =24.3 days

Therefore How long, on average, does it take the firm to collect on its sales is 24.3 days

Answer:

dual distribution

Explanation:

A dual distribution strategy involves a manufacturer using two paths to get its products to the intended end-users.  It means the manufacturer uses two distribution channels simultaneously to get its products to customers.

When a company is using a dual distribution strategy, one of the ways is the sell directly to customers, and the other path is using a marketing intermediary.

Answer:

The expected real interest rate on the loan is 5%.Suppose that when Sally pays back the loan after one year, the actual inflation rate turns out to be 2%. The actual real interest rate on the loan is 8%.

a. If the inflation rate turned out to be higher than expected, then: the real interest rate would be lower than expected.

b. But if inflation turned out to be lower than expected, then: the real interest rate would be higher than expected.

Explanation:

Expected real interest rate = nominal interest rate - expected inflation = 10% - 5% = 5%

Actual interest rate = nominal interest rate - actual inflation rate = 10% - 2% = 8%

Answer:

Investment X PV=$43,357.71

Investment Y PV=$37,666.45  

Explanation:

The present value of future cash flows is the today's worth of those cash flows by virtue of discounting the cash flows to present time

The present value of a future cash flow=future cash flow/(1+discount rate)^n

n refers to the period in which the cash flow is expected , for instance,for year 1 cash flow n is 1, 2 for year 2 and so on.

Investment X:

PV=$6,100/(1+5%)^1+$6,100/(1+5%)^2+$6,100/(1+5%)^3+$6,100/(1+5%)^4+$6,100/(1+5%)^5+$6,100/(1+5%)^6+$6,100/(1+5%)^7+$6,100/(1+5%)^8+$6,100/(1+5%)^9=$43,357.71  

Investment Y:

PV=$8,700/(1+5%)^1+$8,700/(1+5%)^2+$8,700/(1+5%)^3+$8,700/(1+5%)^4+$8,700/(1+5%)^5=$37,666.45  

Answer:

g. 20.26%

Explanation:

The computation of the MIRR is as follows;

Here we applied the MIRR formula in an excel

Year    Cash flow

0        -1,200,000

1          400,000

2         500,000

3         500,000

4         500,000

5         500,000

After applying the MIRR formula, the MIRR is 20.26%

Therefore the correct option is g.

Answer:

DrSalaries Expense $960

Cr Salaries Payable $960

Explanation:

Based on the information given we were told that the Company pays each of its two office employees each Friday at the rate of $240 per day which means that if the employees worked on both Monday and Tuesday, the month-end adjusting Journal entry to record the salaries earned but unpaid is:

Dr Salaries Expense $960

Cr Salaries Payable $960

Using this formula to Calculate the amount

Amount = Rate per day * Number of days * Number of employees

Let plug in the formula

Amount= $240 * 2 * 2 employees

Amount= $960

Answer:

O True

Explanation:

In the case when the selling environment is collaborative so it would make the sales pitch more challenging for the sales people

Here collaborative selling means the collaboration that does not between the sales team members but it would be done between the sales people and the customers

So the given statement is true

Hence, it is not false

Answer:

$4,000

Explanation:

Calculation of Dividend distributed to Preferred Shareholder

= $8,000 * 5% * $10 Preferred shares

= $4,000

Thus, $4,000 is the amount of dividend which was distributed to preferred shareholders

Answer:

Note: The full question is attached as picture below

Cloud architects typically carry out 3 major tasks as listed below:

Task 1: Prepare the budget for the endeavor into the cloud.

Task 2: Configure and build the cloud environment for the company to ensure everything is setup as the design intended.

Task 3: Work with delivery teams that are implementing the solution to ensure the technology features are appropriate.

Other options are wrong because

- Ensuring alignment between technology deliverable of a solution and the business goals - This is the goal of a project manager or a solution architect.

- Engage with decision-makers to identify the business goal and the capabilities that need improvement - This activity is typically done by the product manager.

Answer:

A.that many investors are selling their stocks in anticipation of lower profits

Explanation:

In stock market terminologies, a bear market is a selling market. If the traders' sentiments are to sell a stock, tell the market for the stock is referred to as a bear market.

Generally, when a company is performing well financially, its stock price will appreciate.  Investors will buy its stocks in anticipation of increased dividends and selling the stocks at a higher price. Should investors anticipate a loss, they will start selling the stocks. Karen is concerned with the current bear market as it signals the stocks are likely to yield reduced earnings.

The options are:

A.) Wilma should ignore the findings and let the practice continue.

B.) Wilma should report the findings to Incident Management for follow-up on the missing cards.

C.) Wilma should train the associates in the office on the proper distribution policy for Emerald Cards.

D.) Both B. and C.

Answer:

D.) Both B. and C.

Explanation:

Incidence management is defined as the process by which an organisation identifies, analysis and rectifies events that leads to disruption not their business processes.

These adverse effects that prevent a business from working efficiently or being productive are called incidence events.

Most organisations have a department that specialise in analysing and preventing occurrence of these events.

In the given scenario Wilma observed two of the three open boxes do not reconcile when she tries to count cards and entries on the log sheets. This is an incidence event.

First she has to report the event to the incidence management team so they can follow up on the missing cards and also set up a process to prevent future occurrence.

Since this event could also be as a result of inadequate training on process, Wilma should also train the associates in the office on the proper distribution policy for Emerald Cards.

This will reduce such events in the department going forward

Answer:

1. realizable value = accounts receivable - allowance for doubtful accounts = $45,700 - $3,000 = $42,700

2. the journal entry used to write off the account is:

Dr Allowance for doubtful accounts 420

    Cr Accounts receivable 420

Since both accounts receivable and the allowance account are decreased in the same amount, the net realizable value doesn't change (still is $42,700).

Answer:

a. sharing information across the organization

Explanation:

A franchise is an organisation that is authorised to use the brand of another to conduct business. The parent company provides support such as information about the brand and their business activity, and training to the franchise.

In the given scenario Mary Grey was surprised to find customers asking for specials she hadn't been informed of in advance.

This is a failure in the function of sharing information across the organisation.

Ideally information.on products and various campaigns should be first communicated to the franchises before they get to the customer

Answer:

Since the requirements are missing, I believe that you need the adjusting entries:

1. Depreciation on the equipment for the month of January is calculated using the straight-line method.

Dr Depreciation expense 375 ($18,000/4 x 1/12)

    Cr Accumulated depreciation, equipment 375

2. At the end of January, $3,500 of accounts receivable are past due, and the company estimates that 50% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 2% will not be collected. The note receivable of $18,000 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts.

Dr Bad debt expense 6,250

    Cr Allowance for doubtful accounts 6,250

3. Accrued interest revenue on notes receivable for January.

Dr Interest receivable 75 ($18,000 x 5% x 1/12)

    Cr Interest revenue 75

4. Unpaid salaries at the end of January are $33,100.

Dr Salaries expense 33,100

    Cr Salaries payable 33,100

5. Accrued income taxes at the end of January are $9,500

Dr Income tax expense 9,500

    Cr Income tax payable 9,500

Answer:

c. Debit Supplies: $100 & Credit Accounts Payable: $100

Explanation:

When we purchase supplies on credit this has the following effect :

Assets : Will Increase thus Debit Supplies with $100

Liabilities : Will Increase thus Credit Accounts Payable with $100

Conclusion :

The correct entry is c. Debit Supplies: $100 & Credit Accounts Payable: $100

Answer:

1) Zahra and Joseph sign a contract worth $1,000. When Zahra breaks the contract, Joseph loses the $1,000. Which type of monetary award does Joseph receive if he is later awarded $1,000?

Compensatory damages are awarded in order to compensate the non-breaching party for a loss resulting from the breach of the contract.

2) A manufacturer of a disposable butane lighter is sued for the wrongful death of two adults and a child under strict products liability law when the family's house burned down as a result of the six-year-old child setting bed clothes on fire using the manufacturer's butane lighter. The allegation against the manufacturer is based on the theory that the lighter was defective because it did not have a childproof device to prevent children from igniting the lighter. This butane lighter had the words: "Keep Out of Reach of Children" written on the outside of the lighter body. How strong of a case does the family's estate have in its strict product liability lawsuit against the manufacturer based on the lighter being a defective product?

In order for a manufacturer to be liable for selling an unreasonably dangerous product, the product must be unreasonably dangerous to use by a normal average consumer. In other words, in normal use, is the product dangerous to use or not? A lighter is a common product, it is not something extremely technical that requires special training for its use. It is also of common knowledge that lighters produce fire, and fire is dangerous.

Many normal products can be extremely dangerous if used in uncommon ways, e.g. if you drink Clorox you might get poisoned, but no one should be drinking Clorox. It is common sense. The manufacturer's liability exists when the product is dangerous to use under normal circumstances, but  a small child should not be allowed to play with lighters, nor matches, nor guns, nor electric circuits, nor anything else that represents a threat to their lives.

Products are meant to be used by normal users, and small children are not supposed to smoke or use a lighter. E.g. a small child can actually drive a car, and will probably get into an accident, but they are not supposed to drive a car. So the manufacturer is not responsible for selling an unreasonable dangerous product, the parent that allowed his/her kid to drive the car is responsible.

Answer:

The example that is inconsistent with the provisions of the UCC for contract remedies for a seller's breach of contract is:

c) An appliance manufacturer's sales contract gives buyers a maximum of six months to raise any concerns relating to breach of contract.

Explanation:

Consumers have up to six years to raise concerns relating to breach of contract, even though the goods under the contract may not last up to this period.  Therefore, the provision by the appliance manufacturer that buyers have a maximum of six months to raise concerns is inconsistent with the Uniform Commercial Code (UCC).  The code sets the same comprehensive laws for all commercial activities in the US.

Answer:

Part 1

Computation of the unit product costs for the two products

                                                         Mercon              Wurcon

Direct materials cost per unit         $ 10.00               $ 8.00

Direct labor cost per unit                 $ 3.00                $ 3.75

Overheads                                         $5.60                 $7.00

Unit product cost                             $18.60               $18.75

Calculation of overhead rate

M = 0.20 × 10,000   = 2,000

W = 0.25 × 40,000 = 10,000

Total hours                       = 12,000

Rate = $336,000 ÷  12,000

        = $28.00

Part 2

Overhead rate for direct labor-hours

Rate = $168,000 ÷ 12,000

        = $14.00

Overhead rate for engineering design time

Rate = $168,000 ÷ 8,000

        = $21.00

Computation of the unit product costs for the two products

                                                         Mercon              Wurcon

Direct materials cost per unit         $ 10.00               $ 8.00

Direct labor cost per unit                 $ 3.00                $ 3.75

Overheads - labor hrs                       $2.80                 $3.50

Overheads - eng time                       $8.40                  $2.10

Unit product cost                             $24.20               $17.35

Answer:

False

Explanation:

An excise tax is tax levied on some specific goods. It is an indirect tax because it is not levied on customers.

Excise tax would increase the cost of supplying alcohol. This would reduce the supply of tax. A decrease in the supply of tax would increase the price of alcohol

Answer:

the amount that need to put in the bank today is $1,814.059

Explanation:

The computation of the amount that need to put in the bank today i.e. present value is shown below

As we know that

Future value = Present value × (1 + rate of interest)^number of years

$2,000 = Present value × (1 + 0.05)^2

$2,000 = Present value × 1.05^2

So, the present value is $1,814.059

hence, the amount that need to put in the bank today is $1,814.059

Answer:

The annual worth is:________

$667,380

Explanation:

Present value of investment  = $840,000

Number of years = 6

Market interest rate = 10%

Inflation rate = 3%

Real interest rate = 7%

PV Annuity factor = 4.767

Total FV of annuity = $840,000 * 4.767 = $4,004,280

Annual worth = $4,004,280/6 - $667,380

The annual worth of the investment of $840,000 will be $667,380 based on the market-adjusted interest rate of 7% (10 - 3).