How many years would it take for an investment of $280,000 to accumulate to at least $425,000 at 15% per year interest?

Management accounting primarily is concerned with providing:A) information to managers inside the organization as well as inform

Inga [223]

Answer:

The correct answer is C: information to managers inside the organization

Explanation:

Management accounting is a part of accounting that regards the identification, measurement, analysis, and interpretation of accounting information to help managers in the decision-making process to efficiently manage a company’s operations. On the contrary of financial accounting, which is primarily concentrated on the correct organization and reporting of the company’s financial transactions to outsiders (e.g., investors, lenders), managerial accounting is focused on internal decision-making.

5 0

3 years ago

Tanuja Singh is a CPA and operates her own accounting firm (Singh CPA, LLC). As a single-member LLC, she reports her accounting

AnnyKZ [126]

Answer:

Tanuja is not entitled to a QBI deduction in 2019.

Explanation:

Tanuja has QBI from her accounting firm of $540,000

W-2 wages = $156,000

Unadjusted basis of property used in the LLC = $425,000

Taxable income before the QBI deduction = $475,000

Modified taxable income = $448,000.

Her accounting firm is a "specified services" business and she and her spouse's taxable income before the QBI deduction is $475,000, which exceeds the threshold for 2019.

6 0

3 years ago

Italian Stallion has the following transactions during the year related to stockholders’ equity. February 1 Issues 5,000 shares

bixtya [17]

Answer:

The Journal entries are as follows:

(a) On Feb 1,

Cash A/c (5,000 × $15) Dr. $75,000

To common stock $75,000

(To record the issue of shares)

(b) On May 15,

Cash A/c (500 × $12) Dr. $6,000

To Preferred stock (500 × $10) $5,000

To Paid in capital in excess of par $1,000

(To record the issue of preferred shares)

(c) On Oct 1,

Dividend Expense A/c (5,500 × $0.75) Dr. $4,125

To Dividend Payable $4,125

(To record the declaration of dividend)

(d) On Oct 15,

No Journal entry would be passed.

(e) On Oct 31,

Dividend Payable A/c Dr. $4,125

To cash $4,125

(To record the payment of dividend)

5 0

2 years ago

How is insurance a trade-off between risk and cost?

Solnce55 [7]

<u>Explanation:</u>

Risk is involved in all types of investment the higher risk yields higher returns while lower risk yields lower returns. The trade off which the investor faces in making investment decisions is the risk return trade off.

In insurance the cost of risk includes the expected losses which are uncertain. The trade off which is provided by insurance can be direct and indirect losses, internal risk reduction and residual uncertainty. Insurance reduces the expected losses and eliminate the risk of loss by providing cover the cost of which depends on the nature of the risk.

8 0

3 years ago

Suppose you are a monopolist who faces a domestic demand curve given by Q = 1,000 –3P. Your domestic cost of production involves

Anuta_ua [19.1K]

Answer:399.17 ; 407.42

Explanation:

Given ;

Domestic cost per unit = 300

Foreign cost per unit = 150

Real exchange rate = 1.1

As a monopolist, aim is to maximize income:

Q = 1000 - 3P

THEREFORE,

Price (P) × quantity(Q) - domestic - foreign × exchange rate

P × Q - 300Q - 150Q × 1.1

P × Q - 300(1000-3P) - 150(1000-3P)×1.1

P× (1000-3P) - (300+(150×1.1))(1000-3P)

P× (1000-3P) - (465)(1000-3P)

(P-465) × (1000-3P)

1000P - 3P^2 - 465000 + 1395P

-3P^2 + 2395P-465000

P = 399.17

If real exchange rate increases by 10%,

10% of 1.1 = 0.1 × 1.1 = 0.11

0.11 + 1.1 = 1.21

simply change 1.1 to 1.21 in above equation

P× (1000-3P) - (300+(150×1.21))(1000-3P)

P× (1000-3P) - (481.5)(1000-3P)

(P-481.5) × (1000-3P)

1000P - 3P^2 - 481500 + 1444.5P

-3P^2 + 2444.5P-481500

P = 407.42

6 0

3 years ago