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Stella [2.4K]
3 years ago
15

List one tip someone should follow before investing their money and explain.

Business
1 answer:
jok3333 [9.3K]3 years ago
3 0
You should invest your money to save for future projects or maybe you need it for a life emergency.
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Bernie is a participant in his employer's non-contributory ESOP. Two years ago, his employer contributed stock with a fair marke
vampirchik [111]

Answer:

taxable amount = $10,000

Explanation:

given data

2 year ago fair market value = $30,000

fair market value = $40,000

sold the stock =  $50,000

solution

we get here taxable amount  when ESOP sold

so taxable amount = Selling price - fair market value on distribution  date ...........1

put here value

taxable amount = $50000 - $40000

taxable amount = $10,000 long term capital gain

3 0
3 years ago
Assume that Jordan ​Enterprises's radio broadcast license is renewable at the end of each 10​-year term and management has provi
yan [13]

Answer:

Jordan Enterprises

1) The impairment loss = $110,000.

2) Journal Entry to record the impairment loss:

Debit Broadcast License Impairment Loss $110,000

Credit Accumulated Impairment Loss $110,000

Explanation:

a) Data and Calculations:

Broadcast license original cost (book value) = $786,000

Market value of similar broadcast license =       676,000

Impairment loss =                                                $110,000

b) US GAAP defines impairment loss as the decrease in an asset's net carrying value.  This means that impairment loss arises when the book or net carrying value is greater than the future estimated cash flows or the market value of the asset.

8 0
3 years ago
__________This import tax was meant to replace the earlier "Tariff of Abominations", but it was widely disliked by southern merc
mrs_skeptik [129]

Answer:

Tariff of 1832

Explanation:

The Tariff of 1832 was enacted to replace the 1828 import tariffs commonly known as Tariffs of Abomination. Most southern states did not like it, but its greatest opposition came from South Carolina since its economy depended greatly in foreign trade. Back then America's largest export was cotton produced by southern states.

Due to South Carolina's extreme opposition, it was replaced by the Compromise Tariff of 1833. This last tariff would gradually decrease the tax rates until they fell back to 1816 levels, which was approximately 20%.

The Nullification Crisis refers to a legal process carried out in South Carolina that determined that federal taxes, specifically import tariffs were unconstitutional and shouldn't apply to them. The problem is that the Supreme Court decides what is unconstitutional or not, not a state court.

7 0
3 years ago
The cost of goods for Mandy Manufacturing Company flow through an assembly and a finishing department before being transferred t
laila [671]

Answer:

Option (D) is correct.

Explanation:

Given that,

Beginning work in process = $4,000

Ending work in process in finishing department = $6,000

Cost transferred = $47,000

Direct material = $15,000

Direct labor  = $46,000

Overhead  = $22,000

Cost incurred in finishing department:

= Beginning work in process + Cost transferred + Direct material + Direct labor + Overhead

= $4,000 + $47,000 + $15,000 + $46,000 + $22,000

= $134,000

Cost of goods transferred to the Finished Goods Inventory account:

= Cost incurred in finishing - Ending work in process

= $134,000 - $6,000

= $128,000

5 0
3 years ago
Which type of market research data is Roland about to analyze? Roland works as a researcher for his manufacturing firm. He has c
lozanna [386]

Answer:

Roland works as a researcher for his manufacturing firm. He has conducted primary research to collect relevant market research data that will help his firm. He decided to use mathematical and statistical tools to analyze the data because the data is in nature.

Roland is about to analyze primary market research data.

Explanation:

Primary data are always in a state of nature.  Primary data are collected by Roland before analysis are from first-hand or primary sources.  For Roland to acquire the data, he must use primary research methods like surveys, interviews, or experiments. Because primary data are acquired with the research project in mind and directly from primary sources, they are contrasted with secondary data.  Secondary data were acquired by some other researchers and used in their analyses before being collected by another researcher as a basis for research continuation.

8 0
2 years ago
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