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2 years ago

The first coupon was distributed for what product?.

Business

1 answer:

Effectus [21]2 years ago

8 0

Answer:

Believed to be the first coupon ever, this ticket for a free glass of Coca-Cola was first distributed in 1888 to help promote the drink. By 1913, the company had redeemed 8.5 million tickets.

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On January 1, 2013, Ameen Company purchased a building for $36 million. Ameen uses straight-line depreciation for financial stat

mariarad [96]

Answer:

Dr. Income tax Expense $22 million

Cr. Income Tax Payable $16 million

Cr. Deffered tax Liability $6 million

$18 million

Explanation:

Deffer tax liability arises when the book value of the asset is more than the tax basis of the asset. It means there is more depreciation according to tax implication than the depreciation on book value of assets.

Pretax Income = $45 million

Taxable Depreciation = Depreciation as per tax - Accounting depreciation = ($20-$13 )- ($30 - $28 ) = $5 million

Taxable Income = $45 million - $5 million = $40 million

Income tax = 40% x $40 million = $16 million

Deffer tax 2018 = ( $28 million - 13 million ) x 40% = $6 million

Total tax = $16 million + 6 million = $22 million

Pretax Income $45 million

Taxable Depreciation ($5 million)

Taxable Income $40 million

Income tax (16+6) ($22 million)

Net Income  $18 million

7 0

4 years ago

The contract Jack is signing has a clause that protects his assets from a deficiency judgment in case of foreclosure. What is th

charle [14.2K]

Answer:

exculpatory clause

Explanation:

Exculpatory clause in contracts is a clause that protects the person issuing it from liabilities of damages to an asset that may not be in their possession or out of their control. It prevents one party from the holding the other liable for damages to an asset during the execution of a contract. This is what Jack has done to protect himself from the liabilities that may result from any damages during the contract.

4 0

3 years ago

Question 2 of 20

Vinil7 [7]

Answer:

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4 0

4 years ago

Read 2 more answers

A client who believes that current economic events will make market conditions more stable over the upcoming 30 days could profi

Leviafan [203]

Answer: b. selling VIX calls

Explanation:

The client could make some money selling VIX calls. Call options give the holder the right to buy an underlying asset at a set price in future and they will do so if the market price of the underlying asset increases past the call price of the asset (exercise price).

If the client expects that market conditions will be stable then an increase in stock price is not expected. They can sell calls and make money from the premium they will charge for the calls knowing that they would not have to sell any stock to the holder as the value will not appreciate.

5 0

3 years ago

Snowdrops Co. is growing at a very fast rate. As a result, the company expects to increase its dividend to $0.50, $1.00, $1.50,

erik [133]

Answer:

B. $19.09

Explanation:

D1 = $0.50

D2 = $1.00

D3 = $1.50

D4 = $2.00

D5 = D4(1+g)

and g is given as 6%

D5 = 2.00(1.06) = 2.12

Next, find the PV of each dividend at a discount rate of 14%

PV(D1) = 0.50/(1.14) = 0.4386

PV(D2) = 1.00/(1.14²) = 0.7695

PV(D3) = 1.50/(1.14³) = 1.0125

PV(D4) = 2.00/(1.14^4) = 1.1842

Find the present value of the terminal value (D5 onwards);

PV(D5 onwards) = $\frac{\frac{2.12}{0.14-0.06} }{1.14^{4} } \\ \\ =\frac{26.5}{1.68896} \\ \\ =15.6901$

Sum up the PVs to find the current value of the stock;

= 0.4386 + 0.7695 + 1.0125 + 1.1842 + 15.6901

= 19.0949

Therefore, the current value = $19.09

8 0

3 years ago