Answer:
B. $4,000 long-term capital loss
Explanation:
Please see attachment .
Answer:
According to the Mike´s company benefits, the vesting schedule used is graded.
Explanation:
A vesting schedule is a benefit program provided by a company to encourage its employees´ loyalty through providing them unconditioned property rights over their retirement funds and/or shares after a certain labored period.
This program is detailed through percentages that are stablished according to the set types of vesting periods terms as follows:
1. Graded vesting schedule which increasingly vests over the determined worked time.
2. Cliff vesting schedule which after a employees´specific time working enables him/her to full property of his/her assets.
But if the employees´ pre-stablished working period is not fullfilled the company is not required to meet the vesting schedule originally set and could buy back shares.
Companies and employees validate this agreement writing a vesting certificate or letter which will ensure that the transfer will be made from part to part accordingly.
Answer:
Ending cash balance for November = $52,869
Explanation:
Crane Company
Cash Budget
October
November
beginning cash balance
$16,000
$40,539
expected cash receipts
$63,000
$95,000
Total available cash
$79,000
$135,539
expected cash payments
$45,000
$76,000
excess of available cash over payments
$34,000
$59,539
financing:
Borrowings
$6,539
$0
Repayments
$0
($6,539)
Interest
$0
($131.00)
Ending cash balance
$40,539
$52,869
The ending cash balance shortfall in October $40,539 - $34,000 = $6,539
Hence, the amount to be borrowed = $6,539
In November, the company has enough funds to meet its ending cash balance as well as pay-off the borrowed amount with interest.
Interest for 2 month = 6,539 x 12% x 2/12 = $130.78 or $131 (rounded off)
Note: cash is borrowed in the first day of the month, assuming the company borrows cash on October 1, and repays on November 30, interest is payable for two months.
Answer: Competent, reliable, and ethical personnel.
Explanation:
Vaughan Services needs to follow competent, reliable and ethical personnel procedure to addressed this type of situation.
Competent characteristic tell us about the employee skills, knowledge and capability or ability of doing some work successfully.
Reliable characteristic tell us about the employee performance, quality and trustworthy or not.
Ethical personnel tells us about the employee's behavior towards the other people, responsibilities towards work and how much he is committed towards work.