Who invented the smart phone

An agent sells his client 10 U.S. government bonds due to mature in 30 years. According to NASAA's Statement of Policy on Unethi

Artemon [7]

Answer:

The bonds are guaranteed as to principal and interest payments by the US government.

Explanation:

According to NASAA's Statement of Policy on Unethical or Dishonest Business Practices of Broker-Dealers and Agents, a broker can say US government bonds are guaranteed on principal and interest payments.

However if inflation sets in and interest rates rises there is no guarantee from the government that interest paid on the bonds will match the higher interest rate.

So legally this statement is correct, even though the investor can lose money as a result of higher interest rate in the future.

4 0

3 years ago

An accountant has debited an asset account for $1,300 and credited a liability account for $500. Which of the following would be

Genrish500 [490]

Answer:

D. Debit a Stockholders' account for $800

Explanation:

In this question we use the accounting equation i.e shown below:

Total assets = Total liabilities + Total stockholder equity

where,

Debited Total assets = $1,300

Credited Total liabilities = $500

So, the total stockholder equity is

= $1,300 - $500

= $800

So, the incorrect way is to debit a stockholder equity for $800

6 0

4 years ago

You own some equipment that you purchased four years ago at a cost of $287,000. The equipment is five-year property for MACRS. T

Xelga [282]

Answer:

I checked the web and found a similar question with exact same choices but different tax rate(35%) which doesn't apply for this question. Therefore, there is no correct answer in the choices given. The correct solution is as follows;

Explanation:

Depreciation schedule using the MACRS rates;

Year Depreciation Accumulated depreciation

Yr1 0.2*287000 = 57,400 57,400

Yr2 0.32*287,000 = 91,840 57,400 + 91,840 = 149,240

Yr3 0.192* 287,000 = 55,104 55,104 + 149,240 = 204,344

Yr4 0.1152 * 287,000 = 33,062.40 33,062.40 + 204,344 = 237,406.40

Therefore, book value today is $287,000 - $237,406.40 = $49,593.60

Aftertax salvage value = Salvage - (Salvage-Book value)*tax

= 105,000 - (105,000 - 49,593.60)*0.24

=105,000 - 13,297.536

= $91,702.46

Therefore, none of the choices is correct.

3 0

3 years ago

Sobota Corporation has provided the following partial listing of costs incurred during August: Marketing salaries $ 50,600 Prope

SIZIF [17.4K]

Answer:

A.Product cost $365,600

B.Period cost $350,300

Explanation:

Direct materials $174,800

Direct labor $90,200

Manufacturing overhead:

Property taxes, factory $17,700

Indirect labor $41,200

Depreciation of production equipment $41,700

Total product cost $365,600

b.

Marketing salaries $50,600

Administrative travel $99,500

Sales commissions $57,300

Advertising $142,900

Total period cost $350,300

5 0

3 years ago

As an advertising manager of a company, you have been asked to write out a proposal stating why the company should advertise and

e-lub [12.9K]

Answer:

Advertising

Explanation:

Considering the present market conditions in which this organization operates I propose to the Company Board that the organization starts advertising on various platforms considering the following reasons:

1. Increase Profit:

When we advertise, we create more sales which in turn leads to an increase in profits.

2. Market share:

The market share for this the company expands as a result of increased customers; due to advertising.

3. Builds Goodwill:

As the company becomes a very popular company because of growing advertising it will increase the trust if customers coming.

3 0

3 years ago