The purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.
<h3>What is the purchase amount to be recorded?</h3>
The purchase amount that should be recorded on the date of purchase is the amount of the transaction. This does not take into account the return and discount which happened later.
This implies that Icon Co. will reduce the purchase amount on April 4 when half of the goods were returned with a contra entry. And discount will be based on the balance of $2,000 instead of $4,000.
<h3>Data and Calculations:</h3>
Purchase on April 2 = $4,000
Purchases Return on April 4 = $2,000
Thus, the purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.
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Answer:
B. 30%
Explanation:
Initial value (Vi) = $120
Final value (Vf) = $150
Dividends paid (D) = $6
The holding period return is defined as the change in value during the year added to the dividends paid and then divided by the initial value:
The stock's annualized holding period return is 30%.
This results in free voluntary organizations riding being harder.
Lobbyists spend lots of their time keeping in grips with the government. officials who cope with their issues voluntary organizations so that they can know when their interests are at stake. Much of their work lies in responding to proposals or actions, and early warning of a proposed action often is crucial to a good response.
Why do some groups have a better time overcoming collective action problems? a number of them are smaller, with less people they need similar opinions. Many potential members would otherwise be free riders than contribute to a social group. Lobbyists overload lawmakers with biased information. Lobbying creates opportunities for corruption.
These are often offered by group leaders. Sometimes, political, economic, or social disturbances help overcome collective action problems by mobilizing groups.
They offer relative organizational stability in a very collective of individuals, groups or the other style of organization. They specialize in achieving specific ideas, objectives or goals. Joint work makes it possible to attain those ideas, objectives or goals that are raised.
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Answer:
The statement which is true is as follow:
A. If Jenny's marginal tax rate in the year of contribution is higher than her marginal tax rate in the year of distribution, she will earn a higher after-tax rate of return on the traditional 401(k) plan than on the Roth 401(k) plan.
Explanation:
- Traditional and Roth 401(k) are the retirement saving plans and have a difference that is important to understand by you.
- In Traditional 401(k), contributions are made before tax that means your withdrawals are taxed Roth 401(k) contributions are made after tax that mean withdrawals are not taxed.
- The option A is correct as Jenny's marginal tax rate in the year of contribution is higher than her marginal tax rate in the year of distribution but she will earn a higher after-tax rate of return on the traditional 401(k) plan than on the Roth 401(k) plan as it has been discussed in the above point that in traditional 401(k), our withdrawals are taxed but not in Roth 401(k).
Answer:
The basic rule of 72 says the initial investment will double in 3.27 years.
