Swifty Inc. and Blossom Co. have an exchange with no commercial substance. The asset given up by Swifty Inc. has a book value of $57000 and a fair value of $92000. The asset given up by Blossom Co. has a book value of $122000 and a fair value of $107000. Boot of $27000 is received by Blossom Co. What amount should Swifty Inc. record for the asset received

Answers

Answer 1

Answer:

$84,000

Explanation:

Calculation for What amount should Swifty Inc. record for the asset received

Using this formula

Assets received=Book value+ Boot received

Let plug in the formula

Assets received= $57,000+ $27,000

Assets received=$84,000

Therefore the amount that Swifty Inc. should record for the asset received is $84,000


Related Questions

A project is expected to generate annual revenues of $126,500, with variable costs of $78,100, and fixed costs of $18,600. The annual depreciation is $4,400 and the tax rate is 34 percent. What is the annual operating cash flow

Answers

Answer:

$21,164  

Explanation:

The operating cash flow comprises  net income and depreciation, since depreciation is not an actual cash outflow, it is added to the net income in order to ascertain operating cash flow.

net income=(revenue-variable costs-fixed costs-depreciation)*(1-tax rate)

net income=($126,500-$78,100-$18,600-$4,400)*(1-34%)

net income=$16,764  

operating cash flow=net income+depreciation

depreciation=$4,400

the annual operating cash flow=$16,764+$4,400

the annual operating cash flow=$21,164  

Moyas Corporation sells a single product for $20 per unit. Last year, the company's sales revenue was $300,000 and its net operating income was $24,000. If fixed expenses totaled $96,000 for the year, the break-even point in unit sales was: Multiple Choice

Answers

Answer:

the break even point in unit sales is 12,000 units

Explanation:

The computation of the break even point in sales is shown below;

But before that following calculations need to be done

Sales revenue $300000  

Less: Fixed expenses $96,000

Less: Net operating income $24,000

Variable expenses $180,000

Units sold = $300,000 ÷ $20 = 15,000 units

Variable cost per unit

= $180,000 ÷ 15,000 units

= $12

Now the break even point in unit sales is

= Fixed cost ÷ contribution margin per unit

= $96,000 ÷ ($20 - $12)

= $96,000 ÷ 8

= 12,000 units

hence, the break even point in unit sales is 12,000 units

Problems and Applications
1. The participation of women in the U.S. labor force has risen dramatically since 1970.
A. True
B. False2. This rise likely decreased GDP in the United States.
A. True
B. False
3. Now imagine a measure of well-being that includes time spent working in the home and taking leisure.
A. True
B. False4. The change in this measure of well-being would be less than the change in GDP.
A. True
B. False

Answers

Answer: See explanation

Explanation:

1. The participation of women in the U.S. labor force has risen dramatically since 1970.

A. True

2. This rise likely decreased GDP in the United States.

B. False

The above is false. This is because a rise in the participation of women in the labor force would lead to the increase in production in the country and this will bring about a rise in the gross domestic product as well.

3. Now imagine a measure of well-being that includes time spent working in the home and taking leisure.

There'll be a reduction in the measure of well being. This is because more women would have joined the labor force which would have reduced the time spent working in the home and taking leisure.

4. The change in this measure of well-being would be less than the change in GDP.

The measure of well being would fall as more women would work and leisure would reduce. Ultimately, the GDP would rise since there would be an increase in production activities.

Your neighbor borrowed your new lawn mower and used it to trim his rock garden thus destroying it. Your lawn mower which cost you $100 at Home Depot. Your neighbor refuses to pay for it. You have to sue him in a Texas court to be compensated for your loss. What court will you go to

Answers

Answer: District court

Explanation:

In this scenario, since the neighbor have to be sued in a Texas court so as to be compensated for the loss that was incurred, the district court can handle this.

It should be noted that most district courts are usually courts that handle small cases such as this like domestic related cases or probably cases involving little crimes.

In this case, the district court can handle the lawsuit because the neighbor must be sued in a Texas court to be reimbursed for the loss. It should be noted that most district courts handle tiny cases like these, such as domestic violence situations or likely instances involving minor offenses.

So, the District Court is the correct court I can sue my neighbor in.

About District Court in Texas:

Texas district courts are the state's general jurisdiction trial courts. The Legislature determines the geographical region served by each court, but each county must have at least one district court.

Several counties may be served by a single district court in sparsely populated portions of the state, whereas an urban country may be served by multiple district courts.

In felony criminal cases, divorce cases, cases involving title to land, election contest cases, and civil issues involving a sum of money or damages of $200 or more, district courts have initial jurisdiction.

For more information about District Court refer to the link:

https://brainly.com/question/13375489

The new CEO of a large coffee corporation makes fighting sexual harassment a cornerstone of the company's culture after a series of embarrassing incidents involving several of the company's managers are leaked to the media. The corporation drafts a new code of ethics with an expanded set of policies related to sexual harassment, creates a series of mandatory workshops for its workforce, and fires the managers involved in the incidents.Consider what you have learned about the factors that impact corporate culture. What is the ethical strength of the corporation in the example?A. Strong, because the corporation must show that it has an ongoing process to discourage wrongdoing in order to avoid legal action.B. Strong, because the CEO is setting expectations for ethical behavior and holding violators accountable.C. Weak, because this focus on matters of social justice has no place in capitalism.D. Weak, because the CEO should have cracked down on the employees who were leaking information to the media as well.

Answers

Answer:

B. Strong, because the CEO is setting expectations for ethical behavior and holding violators accountable

Explanation:

Ethics are a set of moral principles that defines acceptable and good behaviour of individuals in a society.

For ethical standards to be strong there is need to set expectations of ethical standards from society members and hold violators accountable.

This will discourage others that want to express unethical behaviour.

In the given scenario the CEO is setting a strong strong ethical system by drafting a new code of ethics with an expanded set of policies related to sexual harassment, creating a series of mandatory workshops for its workforce, and firing the managers involved in the incidents.

A Program Manager and a Vice President discussing the costs associated with the completion of a recent project, so that future cost estimates can be made, is an example of which of the following?

a. Financial accounting
b. Production accounting
c. Managerial accounting
d. Departmental accounting

Answers

Answer:

c. Managerial accounting

Explanation:

MANAGERIAL ACCOUNTING can be seen as the in which a project manager who is in charge of a project discuss the amount they have spent with regards to the project they just completed in order to estimate the project cost of another project they may have in the future

Consider the following statement: "Women have a duty to take direct action in providing freedom for slaves." Which of the following principles or movements would the speaker most likely support?

a. The Seneca Falls Convention
b. Separate Spheres Ideology
c. Republican Motherhood
d. The Underground Railroad

Answers

Answer: d. The Underground Railroad

Explanation:

Harriet Tubman was a woman best known for her contribution to freeing slaves when she used a system of contacts known as the ''Underground railroad'' to help hundreds of enslaved people escape.

She took direct action in providing freedom for those enslaved people and so the speaker would most likely support this movement over the other three that are in relation to women and their role in society.

Answer:

This is wrong. The answer is The Seneca Falls Convention

Explanation:

Pronghorn invested $270000 she received from her grandmother today in a fund that is expected to earn 6% per annum. To what amount should the investment grow in five years if interest is compounded semi-annually?

Answers

Answer:

FV= $362,857.42

Explanation:

Giving the following information:

Initial investment (PV)= $270,000

Number of periods (n)= 5*2 = 10 semesters

Interest rate (i)= 0.06/2 = 0.03

To calculate the future value (FV), we need to use the following formula:

FV= PV*(1+i)^n

FV= 270,000*(1.03^10)

FV= $362,857.42

Kwame is a single taxpayer. He has $12,000 in deductible mortgage Interest, 55,700 in deductibio property tax, and his AGI Is $62,135. He incurred the following medical expenses:
$5,550 out-of-pocket hospital stay
$353 for prescriptions
$500 doctor visits
$200 prescription eye glasses
What amount can be deducted for deductible medical and dental expenses?
a. $0
b. $1,743
c. $1,943
d. $6,603

Answers

Answer: $1943

Explanation:

It should be noted that medical expenses would only be deducted once it's more than 7.5% of AGI. First, we have to calculate the total medical expenses which would be:

out of pocket hospital stay = $5550

Add: prescriptions = $353

Add: doctor visits = $500

Add: prescriptions eyeglasses = $200

Total = $6603

Since AGI is given as $62135, we then calculate 7.5% of the AGI which would be:

= 7.5% × 62135

= $4660.125

Therefore, the amount can be deducted for deductible medical and dental expenses would be:

= $6603 - $4660.125

= $1942.875

= $1943

Financing, market research, risk-taking, and other services are considered to be ________ functions.

Answers

Answer:

Facilitating functions

Explanation:

Facilitating functions are those in a business activity that helps make the exchange and physical processes run smoothly.

They do not involve direct exchange of title of products or physical handing of goods.

For example the activities of marketers of a product results in easy sale of the product by the manufacturer.

Also activities like financing, market research, and risk taking are all facilitating activities that make a business run smoother

Anti-poverty programs Group of answer choices encourage saving among recipient groups. impose a very low marginal tax rate on income. are only made available to those with no other source of income. may discourage the poor from escaping poverty on their own.

Answers

Answer: may discourage the poor from escaping poverty on their own.

Explanation:

Most people do not want to remain in poverty and this on its own will act as an incentive as it will push a poor person to find ways of escaping poverty.

Anti-poverty programs remove that incentive because the poor will be getting an income because they are poor.

There is a chance therefore, that this will not only rob them of the incentive to get out of poverty, but it will also give them an incentive to stay poor because if they cease to be poor, the program will no longer benefit them.

help a girl out plz i will mark brainlest



would u use a 1/3 cup or 1/4 cup to measure a 1/18 of a cup explain plz

Answers

1/3 because you have to see which number 18 is divisible by and it’s not 4 so it would be 1/3
I would use the 1/3 one because 18\6=3

Exercise 12.7 Cash dividends, stock dividends, and share splits L.O. 4

Answers

Answer:

Exercise 12.7 Cash dividends, stock dividends, and share splits L.O. 4

The value of a firm is maximized when the: Group of answer choices Levered cost of capital is maximized. Tax rate is zero. Cost of equity is maximized. Debt-equity ratio is minimized. Weighted average cost of capital is minimized.

Answers

Answer:

e. The value of a firm is maximized when the

Explanation:

The value of a firm is maximized when the weighted average cost of capital is minimized.

When the cost of capital or investment is lower, the profit or after tax value generated by the firm would be higher (lower finance cost, higher profit). This implies, the value of firm would be higher.  Also, value of firm today is present value of all future after tax profit discounted by cost of capital. Lower the discount rate (WACC), higher would be the value of firm hence.

Jude is in charge of the advertising program for the boston red sox baseball team during their spring training in fort myers floida. he has defined the advertising program asa project with the following characteristics. the goal is to fill all stadium seats during the spring training season.
Activity Immediate Predecessor(s) Activity Time in weeks
A None 1
B None 1
C A 4
D B 5
E C,D 5
F E 3
G F 2
If activity is delayed by 2 weeks, then the revised earliest project completion time is_______.
a. 16 weeks.
b. 17 weeks.
c. 18 weeks.
d. 19 weeks.

Answers

Answer:

b. 17 weeks.

Explanation:

From the table given:

Activity         Immediate Predecessor(s)      Activity Time in weeks

A                     None                                                  1    

B                     None                                                  1  

C                       A                                                      4

D                       B                                                      5

E                       C,D                                                   5  

F                        E                                                      3

G                        F                                                      2

Suppose activity was delayed for two weeks, the critical path afte the delay would be combination of (A-C-E-F-G)

= 1 + 6 + 5 + 3 + 2

= 17 weeks

A monopoly, unlike a perfectly competitive firm, has some market power. Thus, it can raise its price, within limits, without quantity demanded falling to zero. The main way monopolies retain their market power is through barriers to entry, which prevent other companies from entering monopolized markets and competing for customers. Consider the market for electronics. Patents are granted to inventors of products or processes for a certain number of years to encourage innovation. Without patents, research and development needed to improve electronics are unlikely to occur, as nothing would then prevent other firms from stealing ideas and copying products.Which of the following best explains the barriers to entry that exist in this scenario?a. Control over an important inputb. Legal barriersc. Increasing returns to scale

Answers

a monopolly unlike a perfectly competitive firm has some market power.

what is Thanka please giv me answer fast​

Answers

Answer:

thanka is purely a Buddhist art and is a painting done on a flat handmade cotton and silk canvas depicting dinivities or pattern which can easily rolled up and transport.

What should be selected in the Payor Type field in the Deposit dialog box when entering capitation payments

Answers

Answer:

Capitation

Explanation:

Capitation should be selected. Capitation payments can be explained to be defined, periodic as well as per-patient payments that are usually on a monthly basis for every person who has entered into a capitated insurance plan. Such that, a provider can get paid per-month or per-patient, irrespective of the number of times that the patient came in for treatment or required service.

Accounting has its roots in the 15th century, when which of the following groups of people used the double entry accounting system? a) Italian merchants b) Greek fishermen c) Chinese traders d) Turkish craftsmen

Answers

Answer:

a) Italian merchants

Explanation:

The double entry book keeping was firstly establihsed and implemented by the northern italy in order to record day to day business transactions and it was spread over the Europe via different routes of trading and also it forms the standardised business accounting.

Therefore as per the given statement, the first option is correct

Where should a user store frequently used icons on a computer?

Answers

Shelf or Taskbar. Located at the bottom of your computer

Answer: they should be loaded on the tool bar  

Explanation:

for quick and easy access  

To enter the Chinese market, General Motors entered a __________________________ with the local company SAIC. Each company owns about 50% of the new company.

a. global alliance
b. joint venture agreement
c. trading partnership
d. franchising agreement
e. unlimited partnership

Answers

Answer: joint venture agreement

Explanation:

To enter the Chinese market, General Motors entered a joint venture agreement with the local company SAIC.

A joint venture is when two or more companies come together utilizing their skills and pooling their resources together so that they can achieve a particular aim

Here, both company pooled their resources together and they both own about 50% of the new company.

Brooks Corporation issued $800,000 of 15-year bonds on January 1. The bonds pay interest on January 1 and July 1 with a stated annual rate of 8 percent. If the market rate of annual interest at the time the bonds are sold is 6 percent, what will be the issue price of the bonds?

If PV tables are used, select the closest answer from the options provided.)

a. $1,738,786
b. $ 809,145
c. $956,804
d. $921,878

Answers

Answer:

c. $956,804

Explanation:

The computation of the issue price of the bond is as follows

Given that

Future value = $800,000

RATE = 6% ÷ 2 = 3%

PMT = $800,000 × 8% ÷ 2 = $32,000

NPER = 15 × 2 = 30

The formula is shown below

=-PV(RATE;NPER;PMT;FV;TYPE)

After applying the above formula, the present value is $956,804

hence, the issued price of the bond is $956,804

Therefore the correct option is c.

With regard to operational hedging versus financial hedging:_________.

Answers

Answer:

a) operational hedging provides a more stable long-term approach than does financial hedging

Explanation:

These are the options for the question;

a) operational hedging provides a more stable long-term approach than does financial hedging.

b) financial hedging, when instituted on a rollover basis, is a superior long-term approach to operational hedging.

c) since they both have the same goal, stabilizing the firm's cash flows in domestic currency, they are fungible in use.

d) none of the above

Hedging in finance can be regarded as the process of utilizing of financial instruments as well of market strategy so that any risk as a result of adverse price movement can be offset. In domain of finance literature, operational hedging can be regarded as course of action that brings about the exposure of the risk of a particular firm through operational activities or non-financial instruments. Financial hedging involves management of price risk through the activities of financial derivative so that the price movement can be offset. It should be noted that With regard to operational hedging versus financial hedging operational hedging provides a more stable long-term approach than does financial hedging.

Question 3
Signs of a serious gambling problem include all EXCEPT:
OA. Having a budget for gam bling.
OB. Using a credit card to gamble.
OC. Bragging about gambling wins.
OD. All are signs of a serious gambling problem.

Answers

Answer:

OD All are signs of a serious gambling problem.

A case study in the chapter analyzed purchasing-power parity for several countries using the price of Big Macs. Here are data for a few more countries: For each country, select the predicted exchange rate of the local currency per U.S. dollar.

Country Price of big Mac Predicted exchange rate Actual exchange rate
Chile 2640 peso ________________ 679 peso/$
Hungry 850 forints ________________ 280 fornits/$
Czech Republic 85 korunas ________________ 22.3 korunas/$
Brazil 16.8 real ________________ 3.72 real/$
Canada 6.77 C$ ________________ 1.33 C$

According to purchasing power parity, the predicted exchange rate between the Hungarian forint and the Canadian dollar is __________. However, the actual exchange rate is _________forints per Canadian dollar.

Answers

Answer:

Question leaves out the price of a Big Mac which is $4.37.

Predicted exchange rate = Country price of Big Mac/ US price of Big Mac

Predicted exchange rate:

Chile = 2,640/4.37 = 604.12 Pesos / US dollar

Hungary = 850/4.37 = 194.51 Forints / USD

Czech Republic = 85 / 4.37 = 19.45 Korunas / USD

Brazil = 16.8/4.37 = 3.84 Real/ USD

Canada = 6.77/4.37 = 1.55 C$/ US$

According to purchasing power parity, the predicted exchange rate between the Hungarian forint and the Canadian dollar is 125.55 Forint per C$. However, the actual exchange rate is 210.53 forints per Canadian dollar.

Predicted exchange rate = 850/6.77 = 125.55 Forint per C$

Actual Exchange rate = 280/1.33 = 210.53 Forint per C$

Answer:

Question leaves out the price of a Big Mac which is $4.37.

Predicted exchange rate = Country price of Big Mac/ US price of Big Mac

Predicted exchange rate:

Chile = 2,640/4.37 = 604.12 Pesos / US dollar

Hungary = 850/4.37 = 194.51 Forints / USD

Czech Republic = 85 / 4.37 = 19.45 Korunas / USD

Brazil = 16.8/4.37 = 3.84 Real/ USD

Canada = 6.77/4.37 = 1.55 C$/ US$

According to purchasing power parity, the predicted exchange rate between the Hungarian forint and the Canadian dollar is 125.55 Forint per C$. However, the actual exchange rate is 210.53 forints per Canadian dollar.

Predicted exchange rate = 850/6.77 = 125.55 Forint per C$

Actual Exchange rate = 280/1.33 = 210.53 Forint per C$

Explanation:

A first step toward understanding organizational markets is recognizing the differences between industrial, reseller, and government markets.

a. True
b. False

Answers

Answer: True

Explanation:

To understand organizational markets, one must first realize that there are three main types of them: Industrial, reseller and government.

Industrial markets enable businesses to transact with each other. They trade raw materials and other goods to each other and process them to finished goods.

The reseller market does not involve any processing but rather firms buying from one and selling to another as middlemen.

The last market is the Government market. Any arm of government that purchases goods and services fall here including at local, state or federal level.

Assume a pension fund purchased stock at $53. Call options at a $50 exercise price presently have a $4 premium per share. The pension fund sells a call option on the stock it owns. If the call option is exercised when the price of the stock is $56, what is the gain or loss per share to the pension fund (including its gain from holding the stock as well?


a. $4 gain
b. $6 loss
c. $2 loss
d. $1 gain
e. $0

Answers

Answer:

d.$1 gain

Explanation:

Calculation for what is the gain or loss per share to the pension fund

Gain per share = Stock Purchased- Exercise price + Premium per share

Let plug in the formula

Gain per share = $53-$50 + $4

Gain per share=$53-$54

Gain per share= $1

Therefore the gain or loss per share to the pension fund will be $1 gain

July 30.Received the balance due from Art Co. for the invoice dated July 19, net of discount.

Here is Juy 19th's record: Sold merchandise to Art Co. for $1,200 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19.

Answers

Answer:

Date        General Journal           Debit      Credit

July 30  Cash                              $1,176

                (1200*98%)

                Sales discount              $24

                       Account receivable-Art Co   $1200

Some of the duties of _____ are obtaining goods and services that meet or exceed operations requirements in a timely and cost-effective manner, and managing suppliers.

Answers

Answer:

Some of the duties of _Supply Chain Management____ are obtaining goods and services that meet or exceed operations requirements in a timely and cost-effective manner, and managing suppliers.

Explanation:

A company's Supply Chain Management function plays a pivotal role in an organization, from the beginning of the value chain to the end.  It engages in forecasting supply and demand requirements, purchasing, inventory and information management, quality assurance, scheduling, production and delivery, and customer services.  Supply Chain Managements ensures that supply is matched to demand as effectively and efficiently as possible.

Which of the following is not public sector undertakings?
1. Rastriya Bima Sasthan
2.Hotel Himalayan
3.Nepal Telecom
4.DDC​

Answers

Answer:

DDC is not a public sector

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