Many tax professionals and advisors recommend adjusting your W-4 allowances so that...
2 answers:
You might be interested in
Answer:
Answer for task 1: Increase
Answer for task 2: debt
Answer for task 3: -13.33
Answer for task 4: -14.00
Answer for task 5: reserve requirement
Explanation:
<u>Task 1:</u>
In the given question, the owner has borrowed $100 supplement to their existing reserves. Since the owner has borrowed, the value of debt would <u>increase</u>.
<u>Task 2:</u>
<u>Leverage ratio before borrowing:</u>
Leverage ratio =
Leverage ratio =
Leverage ratio = -13.33
The leverage ratio before borrowing is - 13.33
<u>Task 3:</u>
<u>Leverage ratio after borrowing:</u>
Leverage ratio =
Leverage ratio =
Leverage ratio = -14.00
The leverage ratio after borrowing is - 14.00
<u>Task 4:</u>
This would also bring the leverage ratio from its initial value of -13.33 to a new value of -14.00.
<u>Task 5:</u>
<u>Which of the following do bankers take into account when determining how to allocate their assets? Check all that apply.</u>
The option is<u> "b"</u>
When determining how to allocate their assets bankers take into account the reserve requirement.
Solution and Explanation:
Step 1: Start Access. Open the downloaded Access file named exploring_a03_Grader_a1.accdb.
Step 2: Assume that there is a table Loans with the following attributes as shown in the screenshot.
Step 3: Create a query using Query Design. From the Clients table, display the client’s FirstName and LastName. From the Accounts table, select the Savings Balance and OpenDate. Sort the query by savings balance in descending order.
Add a calculated field named AccountTime that calculates the number of days each client’s accounts have been open. Assume today’s date is 12/31/2017. Recall dates must be enclosed in # to denote to Access it is a date. Format the results in General Number format. Save the query as Account Longevity, and close the query.
Step 4: Create a query using Query Design. From the Clients table, display the client first name and last name. From the Accounts table, select the savings balance.
Add appropriate grouping, so the client’s total retirement account savings balances are displayed. Add a sort so the highest total savings balances are displayed first.
Step 5: Switch to Datasheet view. Add a totals row displaying the count of the last name and the average of total savings balances. Save the query as Total Balances By Client and close the query.
Step 6: Create a copy of the Total Balances By Client query. Name the query Total Balances By State. Open the query in Design view and remove the client name from the query. Add grouping by the client’s state.
Sort by the client’s state in Ascending order and remove the sort on the savings balance. Add criteria so clients with retirement account savings balances of $10,000 or more are factored in to the query. Save and close the query.
Step 7: Create a new query using Query Design. From the Clients table, select the client first name, last name, and state. From the Accounts table, select the Savings Balance. Add criteria so only customers with balances under $15,000 are displayed.
Step 8: Enter the sample data (one record) as shown in the screenshot.
As present value is given as 25000, loan amount is taken as 25000.
As savings balance is given as 5000, savings balance is taken as 5000.
Step 9: SS
Step 10: Then an expression builder is opened as shown in the screenshot:
Step 11: Then enter the expression pmt(0.5/12, 2*12, - (Loan Amount] – [Savings balance]), 0, 0) as shown in the screenshot.
Answer:
Option A ($149,000) is the correct alternative.
Explanation:
Given:
Factory insurance,
= $32,000
Indirect labor,
= $45,000
Production equipment rental costs,
= $72,000
Now,
The total manufacturing costs will be:
=
By putting the given values, we get
=
= ($)