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3 years ago

Which innovation made the building and use of skyscrapers feasible?

1 answer:

4 0

Cheap steel, Henry Bessemer invented a way to sell and make steel for a cheaper price.
This was helpful enough to make other things for a cheaper price because of how cheap steel was

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True or false: No gain or loss is reported when treasury stock is reissued because GAAP does not consider transactions between a

Likurg_2 [28]

Answer:

The statement is: True.

Explanation:

When a firm purchases its own shares they become part of the company's treasury stock. This usually happens when the organization intends to sell those shares in the future. According to the General Accepted Accounting Principles (<em>GAAP</em>), the transactions between a firm and its owners are not considered as profit-making. Thus, when a company reissues the treasury stock shares no revenues or losses are recorded.

6 0

3 years ago

Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price

Bad White [126]

Answer:

a. 10.60%

b. 3.53%

Explanation:

a. Calculate the yield on the repo if it has a 5-day maturity.

Profit = $34,000,000 − $33,950,000 = $50,000

Using 360 days a year, we have:

Yield on the repo = ($50,000/$33,950,000)*(360/5) = 0.1060, or 10.60%

b. Calculate the yield on the repo if it has a 15-day maturity.

Using 360 days a year also, we have:

Yield on the repo = ($50,000/$33,950,000)*(360/15) = 0.0353, or 3.53%

3 0

3 years ago

Using the Du Pont method evaluate the effects of the following relationships for the company.

hammer [34]

Answer:

Explanation:

A. Profit margin*Total asset turnover=Return on assets(investment)

0.07*TAT=25.2

TAT=360

B. Return on equity=Return on assets/(1-debt/assets)=25.2/(1-0.5)=50.40%

C. Return on equity=Return on assets/(1-debt/assets)=25.2/(1-0.35)=38.77%

3 0

3 years ago

Apparently all the computer records were lost during the transition. All I have are a few notes scratched on a piece of paper to

Firdavs [7]

Answer: 1) 2000/yr, 3000/yr, 4000/yr

2) y = ax + b

3) 7.5yrs, 6.7yrs

Explanation:

We need first to know what exactly is the rate of increase for each level of employee over time. Also a mathematical model that will allow to input the number of years the employee has been working and give back their current salary. Finally, the years of working Level 1 employee should expect to be promoted to Level 2 and after how many years of working Level 2 employee be promoted to a Level 3.

Solution:

Rate of increase( slope) = increase/number of years.

Level 1

(19000 - 15000)/2 =4000/2 = 2000/year

Level 2

(36000 - 30000)/2 = 6000/2 = 3000/year

Level 3

(58000 - 50000)/2 = 8000/2 =4000/year

Mathematical model: y = ax + b

Where y = current salary

X = number of years

a = slope

b = starting salary

Number of years of promotion:

Level 1

30000 = 2000x + 15000

X = 7.5yrs

Level 2

50000 = 3000X + 30000

X = 6.7yrs

7 0

4 years ago

Read 2 more answers

G "Your Company sells goods to customers for $1,200 cash. You also collect sales taxes of $96. The journal entry to record this

Novosadov [1.4K]

Answer: DR Cash of 1,296 ; CR Revenue $1200 ; CR Sales Tax Payable $96

Explanation:

When accounting for taxes paid on revenue, you must account for them separately.

You add the tax to the sales and DEBIT it to Cash then you take just the sales figure without the tax and CREDIT Revenue. The tax is sent to the Sales Tax Payable Account as a CREDIT.

5 0

3 years ago