Answer:
The correct answer is letter "D": buying and selling of securities (primarily Treasury bonds).
Explanation:
The Federal Open Market Committee or FOMC is a department of the Federal Reserve Board in charge of establishing monetary policy. There are different meetings within a year they held to determine to continue with the current policy or to change it. A change in monetary policy represents the purchase or sale of government securities (treasury bonds) on the open market to stimuli the economy.
Answer:
B) The State Disability Insurance (SDI) program benefits received for a period of disability are not taxable as income, but benefits received for time off under the Paid Family Leave program are federally taxable as income.
Explanation:
Disability insurance benefits are not reported for tax purposes with one exception. If a person are receiving unemployment insurance benefits,
become unable to work due to a disability, and begin receiving disability insurance benefits, your disability insurance benefits are considered a substitution for your unemployment insurance benefits, and will then be reported for tax purposes.
If disability insurance benefits are reported, a notice will accompany the first benefit payment sent to you advising that the benefits are being reported to the Internal Revenue Service. The employment development department will provide you with a 1099G tax form in January showing the reported amounts paid and forward a copy to the Internal Revenue Service.
Paid family leave benefits are reported for federal purposes but not state tax purposes.
Paid family leave benefits are not taxable or reported to the California State Franchise Tax Board.
Answer:
customer theft; spoilage.
Explanation:
A perpetual inventory system is a type of inventory management that continuously records in real-time the amount of inventory sold or purchased through the use of enterprise software or technological software applications such as a point of sale (POS).
Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made or happening. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, customer theft, etc.
Answer:
public sale
Explanation:
In business, a public sale happens when a company decides to issue shares and sell them on a stock exchange.
In this case, since Nancy's business is planning to expand its activities it has two options:
- issue new stock, if she is going to do it for the first time it would be an IPO.
- get a loan from a bank, but maybe she wouldn't be able to get a large enough loan.
To safest way to raise capital would be to issue stock.
Answer:
The correct answer:
$14,000 (b.)
Explanation:
Depreciation is an accounting method of allocation of cost to a tangible asset, where the recorded cost of a fixed asset is reduced in a systemic manner, until the value of the asset becomes zero is negligible.
In the straight-line basis of calculating depreciation, the difference between the cost of an asset and its expected salvage value is divided by the number of years it is expected to be used.
Mathematically, it is calculated as:
Depreciation of an asset = (purchase price - salvage value) ÷ estimated useful life.
Purchase price = $160,000
salvage value = $20,000
useful life = 10 years
∴ Depreciation = (160,000 - 20,000) ÷ 10
= 140,000 ÷ 10 = $14,000.
This means that at the end of every year, the value of the equipment reduces by a price worth $14,000.
