A tax with a graduated rate structure must have at least two brackets of tax base.True or False?

help me journalized vasconcellos and company offers and 8 month 10% note to Jay Brits company in lewd of an accounts receivable

Nady [450]

100,000,000 /10% = 10,000 which these means that 8 months is 10,000 know if you ask how much months 10,000 / 8 moths is 1,250

6 0

3 years ago

Lloyd Inc. has sales of $600,000, a net income of $60,000, and the following balance sheet: Cash $145,800 Accounts payable $192,

pogonyaev

Answer:

The new quick ratio is 4.6

Explanation:

Current ratio = Current assets / Current liabilities

2 = (Cash + receivables + inventories) / (Accounts payable + other current liabilities

2 = ($145,800 + $230,040 + inventories ) / $192,780

2 = $375,840 + inventories / $192,780

$385,560 = $375,840 + inventories

Inventories = $385,560 - $375,840

Inventories = $9,720

This means that inventories worth of $881,280 [ $891,000 -$9,720] were sold.

Also, if the funds so gained are used to reduce common equity, meaning buying back the equity at book value, hence common equity is $166,860 [ $1,048,140 - $881,280]

ROE before selling off the inventory = Net income / Stockholder's equity

= $60,000 / $1,048,140

= 0.057 or 5.7%

ROE after selling off the inventory = Net income / Stockholder's equity

= $60,000 / $166,860

= 0.40 or 40%

The firm's new quick ratio

= [ Current assets - inventories] / Current liabilities

= [$1,266,840 - $9,720] / $270,540

= $1,257,140 / $270,540

= 4.6

4 0

3 years ago

Because of their relatively small national economies, which of the following is most likely considered to be the most important

BARSIC [14]

Answer:

which of the following is most likely considered to be the most important factor for Belgiom, Korea and Canada to take full advantage of specialization?

b. international trade

Explanation:

In general, an economy can be defined as a set of activities that lead to the production and consumption of goods and services that utilize limited resources. An economic system serves to meet the needs of the individual operating in that economy, whether it is production or consumption needs. There are many factors that determine how big or small an economy is, the factors include; culture, laws, history, population, geographical location and other factors that cause necessity. A big economy can be defined as an economy where the amount of economic activities including the production and consumption of goods is at a high level as compared to other economies. On the contrary, a small economy is one whose production, consumption and trading activities is at a relatively low level. We will consider small economies.

Small national economies are countries whose production and consumption levels on a national scale are relatively small. Examples of such countries include; Belgium, Korea and Canada. Since the necessity for production or consumption is not that big, the best factor for specialization is international trade. Small economies can boost their growth by specializing on international trade to increase their market shares in other countries.

8 0

3 years ago

Roadside Markets has a 6.75 percent coupon bond outstanding that matures in 30 years. The bond pays interest annually. What is t

Murljashka [212]

Answer:

Bond Price = $945.2631228 rounded off to $945.26

Explanation:

To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and annual YTM will be,

Coupon Payment (C) = 1000 * 0.0675 = $67.5

Total periods (n) = 30

r or YTM = 0.072 or 7.2%

The formula to calculate the price of the bonds today is attached.

Bond Price = 67.5 * [( 1 - (1+0.072)^-30) / 0.072] + 1000 / (1+0.072)^30

Bond Price = $945.2631228 rounded off to $945.26

4 0

3 years ago

Which of the following statements is FALSE? For valuation purposes, the trailing P/E ratio is generally preferred, since it is b

Alecsey [184]

Answer:

The statement that is false here is A) trailing P/E ratio are used for valuation because it is based on actual not expected earnings.

Explanation:

For the valuation purposes , the most preferred P/E ratio is forward P/E ratio, not the trailing P/E ratio because here we are more concerned about future earnings not the current. These forwards earnings are the earnings which are expected over the coming year or 12 months of time.

8 0

4 years ago