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3 years ago

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Music Masters Inc. enters into a contract to pay Nagi for a dozen original songs. Nagi transfers the right to payment under the

contract to Omni Artists. After the transfer, Nagi’s contract right to the payment is
A. unaffected.B. extinguished.C. conditional.D. secondary.

1 answer:

IgorC [24]3 years ago

4 0

THE CORRECT IS ANSWER IS WITHOUT A DOUBT b - Extinguished

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As of January 1, Year 2, Room Designs Inc. had a balance of $9,900 in Cash, $3,500 in Common Stock, and $6,400 in Retained Earni

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Answer:

What did the company purchase that resulted in the cash outflow from investing activities?

It purchases Land for 16,500

Explanation:

The investing activities outflow will be for the purchase of long tem assets in cash.

The complete cash outflow for investing activities is explain it through the land account:

cash outflow: 16,500

land: 16,500

There are no other long-term assets which can explain the variance plus, the land account covers the amount entirely.

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3 years ago

BDE Inc. is an unlevered firm which expects to generate a net cash flow of $25 million per year in perpetuity. The firm’s requir

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Answer:

$250 million

Explanation:

If taxes do not exist and the firm has no outstanding debt, then the value of unlevered firm = total enterprise value of BDE

we can use the perpetuity formula to determine the total enterprise value:

total enterprise value = FCF / cost of equity

total enterprise value = $25 million / 10% = $250 million

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3 years ago

If education creates external benefits, a. actual market outcomes provide less than the efficient quantity of education. b. actu

777dan777 [17]

Answer:

The correct answer is c. actual market outcomes provide a higher price than the efficient price of education.

Explanation:

In any country, there is a close positive correlation between a greater number of years of study and income, just as a higher degree of education is related to a lower incidence of poverty. In general, knowledge provides a great deal of benefits to its holders, so why might a government policy for investment in human capital be necessary? The answer could be that knowledge generates a series of “external benefits”, which are not always considered by people when making their decisions.

Economic activities generate costs and benefits, which can be private or external. In this way, whoever studies obtains a benefit for himself, for example a better salary, as explained above. That is the private benefit. But a series of external benefits are also generated, for example, the possibility of being better citizens, of improving the communication and performance of people in society, of generating new solutions to different human problems, among many others. Likewise, research and development activities lead to obtaining new knowledge. All these benefits are obtained thanks to preschool, primary, secondary, technical, university education, job training, among others.

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3 years ago

Decreased interest rates will shift the aggregate demand curve to the _____ and _____ output demanded.

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The aggregate demand curve often shifts to the components of aggregate demand. The Decreased interest rates will shift the aggregate demand curve to the right and increased output demanded.

The component that is often shifted are consumption spending, investment spending.

In expansionary monetary policy the central bank often makes the supply of money and loanable funds to increase, this in turn will lowers the interest rate, promoting additional borrowing for investment and consumption, and there shifting aggregate demand right.

The rate of government spending, and often rise.

An aggregate demand curve is known to show the total spending on domestic goods and services at each price level.

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3 years ago

Read 2 more answers

Under its executive stock option plan, N Corporation granted options on January 1, 2021, that permit executives to purchase 12.0

AveGali [126]

Answer:

N. Corporation

The effect on earnings in the year after the options are granted to executives is a reduction in the net income by $16 million because of the Compensation Expense that will be recorded.

The journal entry on December 31, 2021 (a year after) is:

Debit Compensation Expense $16,000,000

Credit Stock Options $16,000,000

To record compensation expense.

Explanation:

a) Data and Calculations:

Options grant date = January 1, 2021

Options granted = 12.0 million shares

Options vesting date = December 31, 2023

There are 3 years before the vesting date

Fair value of the options = $4

Therefore, Total Compensation Expense = Options granted*Fair value per option

= 12,000,000 * $4

= $48,000,000

Annual compensation expense from 2021 to 2023 = $48,000,000/3

= $16,000,000

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4 years ago