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3 years ago

A trustee represents the: a. borrowing firm. b. federal government. c. bondholders. d. investment management company .

Business

1 answer:

Naddika [18.5K]3 years ago

5 0

Answer:

D) investment management company .

Explanation:

A trustee is the person responsible for managing the assets of a trust on behalf of the trust's beneficiaries. A trustee can be part of an investment management company, since its primary role is to manage assets and if properly done should increase total asset value. The roles of a trustee may vary depending on the assets that from the trust and who the beneficiaries are and how they will receive the proceeds from the trust.

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Laura's father, Albert, gave Laura a gift of 500 shares of Liba Corporation common stock in 2017. Albert's basis for the Liba st

Vikentia [17]

Answer:

B) $3,000

Explanation:

Since Laura acquired this property (stocks) by gift, her basis for loss will be $3,000 which is equal to the fair market value at the time she received the gift. If she had made a gain with this transaction, her basis for gain would have been the $4,000 of her father's basis.

7 0

3 years ago

Tommy’s Tile Service is planning on purchasing new tile cleaning equipment that will improve their ability to remove tough stain

sergejj [24]

Answer:

1. $132,800

2. $531,200

3. $1,071,200

Explanation:

The break-even point is the level of sales at which the business incur no profit no loss.Fixed and variable costs are covered at this level of sales. Use following formula of break-even to calculate the fixed cost.

Break-even point = Fixed cost / Contribution margin ratio

$487,200 = Fixed cost / 25%

Fixed Cost = $487,200 x 25% = $121,800

Revised Fixed cost = $121,800 + $11,000 = $132,800

New Break-even point = $132,800 / 25% = $531,200

Desired profit = $135,000

Desired revenue = ( Desired profit + Fixed cost ) /Contribution margin ratio = ( $135,000 + 132,800 ) / 25% = 267,800 / 25% = $1,071,200

5 0

3 years ago

Jennifer Company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activ

olya-2409 [2.1K]

Answer:

B) = $38.44

Explanation:

Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers. Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.

Activity rate is calculated as:

Activity cost for the period / Total cost drivers for the period

Activity rate for supporting customers:

The appropriate cost driver to allocate supporting customer activity is the number of customers as given. This is so because it is most likely that the number of customers served will be a major factor that influences the supporting customers activity costs.

Activity rate for supporting customers

= Supporting customers overhead/total number of customers

= $34,600/(600+300)

= $38.44

5 0

3 years ago

Jack's manufacture company have experienced inflation for the past three years as follows: the first year's periodic inflation r

ankoles [38]

Answer:

8.09%

Explanation:

Year Inflation rate 1 + Inflation rate

1 0.03 1.03

2 0.04 1.04

3 x 1+x

Average rate 0.05 0.05

1 + Average rate = [(1+r1)*(1+r2)*(1+r3)]^(1/3)

1.05 = [1.03*1.04*(1*x)]^(1/3)

[1.0712*(1+x)] = (1.05)^3

[1.0712*(1+x)] = 1.157625

1 + x = 1.157625 / 1.0712

1 + x = 1.080681

x = 1.080681 - 1

x = 0.080681

x = 8.09%

Thus, the periodic Inflation rate in year 3 is 8.09%

5 0

3 years ago

You put aside $300 a month in an account that returns 9% a year, compounded monthly. How long do you need to contribute to save

Anettt [7]

Answer:

36 years 4 months and 2 days

Explanation:

Data provided in the question:

Monthly payment = $300

Rate of return, i = 9% = 0.09

Future value = $1,000,000

Now,

we know

Future value = Monthly payments × $\left[ \frac{(1+i)^{n}-1}{i} \right]$

1000000 = $300 × $\left[ \frac{(1+0.0075)^{ }-1}{ 0.0075 }$

$\frac{ 1000000}{ 300} &= \frac{ 1.0075^{n} - 1}{ 0.0075}$

$3333.33333 &= \frac{ 1.0075^{n} - 1}{ 0.0075}$

$1.0075^{n} - 1 &= 3333.33333 \times0.0075$

1.0075ⁿ - 1 = 25

1.0075ⁿ = 26

ln( 1.0075ⁿ) = ln(26)

n × ln( 1.0075 ) = ln(26)

n = [tex]\frac{ \ln (26) }{ \ln( 1.0075 ) }[tex]

n = 436.04 months

n = 36 years 4 months and 2 days

5 0

3 years ago

Read 2 more answers