Answer:
Jacobsen Corporation
Income from continuing operations of $621,000 will be reported.
Explanation:
The income from continuing operations is the same thing as the operating income. It is the pre-tax income that is reported on Jacobsen Corporation's income statement for the year ended December 31, 2016. The tax rate of 30% is applied on this figure to obtain the income tax expense for the year. But, for Jacobsen that has other unusual items, these are taken into consideration before the income tax is imputed to obtain the after-tax income.
Well this may not be me answering it but this guy is a lot of help tho
Answer:
$13.5 million
Explanation:
Fractional Banking System- This is banking system where banks are required by the central banking authority to keep a certain percentage of their total deposit as the minimum reserve which they cannot lend out.
The idea behind this requirement is to help manage liquidity risk- a situation where a bank does not have enough cash to meet its deposit customers demand.
Required-reserve ratio: The minimum percentage that banks are required to keep as reserve is known as the required-reserve ratio. In this question, it is given as 10%. Multiply this ratio by the total deposit and you will get the required reserve in dollar amount.
Therefore the required reserve for this bank = 10% ×$15 million= $1.5 million
Excess reserve; Excess reserve is the balance of the total deposit over and above the required reserve. The bank can lend and create loan asset from this balance.
It is calculated as = Total deposit - Required reserve
So we apply this to our question
Excess reserve = $15 million - (10% × $15 million)
= $15 million - $1.5 million
= $13.5 million
Answer:
See explanation below for answer.
Explanation:
When using the short run model, the capital stock is fixed and cannot adjust to changes in the demand for capital. We will be using the short run model to analyze the effect of immigration and inflation on the economy.
In an economy, the primary determinant of how immigration can affect wages and employment is the degree to which the workers who have newly arrived will replace or complement the existing workers.
The level of wages may drop in the short run for the kind of workers who can be easily replaced by immigrants, whereas the level of wages may rise for the workers whose expertise can be complemented by the new workers.
For instance, in a situation where foreign-born construction workers enter the labor market, thereby causing a decrease in construction workers’ wages. The firms will respond by employing more construction workers, and since additional first-line supervisors may be needed to supervise the activities of the expanded workforce, the demand and consequently, the wages of these complementary workers could increase.
Further, where the availability of low-skilled immigrants at lower wages allows businesses to expand, total employment will rise.
Answer:
$24.44
Explanation:
The computation of the price sell for in four years is shown below:
But before that first determine the following calculations
Growth Rate is
= ROE × Plowback ratio
= 24% × 0.15
= 3.6%
Now
Dividend per share is
= EPS × (1 - Plowback Ratio)
= $2 × (1 - 0.15)
= $1.57
And, finally
Price of share is = Expected Dividend Next Year ÷ (Required Return - Growth Rate)
It can be rearrange like
Price in 4 years = Dividend Year 5 ÷ (Required Return – Growth Rate)
= 1.57 × (1.036)^4 ÷ (11% - 3.6%)
= $24.44
