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MrMuchimi
3 years ago
7

Mike, an attorney, earns $200,000 from his law practice and receives $45,000 in dividends and interest during the year. In addit

ion, he incurs a loss of $50,000 from an investment in a passive activity acquired three years ago. After considering the passive investment, Mike's net income for the current year is $ ?
Business
1 answer:
quester [9]3 years ago
4 0

Answer:

Mike's net income for the current year is $245,000.

Explanation:

Net income for current year

= Professional income + Dividend and Interest Income

= $200,000 - $45,000

= $245,000

Therefore, Mike's net income for the current year is $245,000.

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The manager at Seasons Hotel wanted to change the incentive system to offer bonuses tied to the hotel's financial performance, b
Vlad1618 [11]

Answer:

Violated employees personal compact.

Explanation:

The manager at Seasons Hotel wanted to change the incentive system to offer bonuses tied to the hotel's financial performance, but the employees refused to comply. This example shows that the manager has violated employees personal compact which is defined as the formal, social and psychological aspects of the relationships between the workers and the organization. It is termed as the mutual commitments and obligations which are stated and implied between the employer and the employee. Here, the manager has broken and violated that implicitly set rules when he has tried to tie the incentive system with the financial performance of the Hotel which workers can think that will be difficult to get if the Hotel doesn't not perform well.

6 0
4 years ago
The 7​-year ​$1 comma 000 par bonds of Vail Inc. pay 9 percent interest. The​ market's required yield to maturity on a​ comparab
Makovka662 [10]

Answer:

a) Yield to maturity = 8.14%

b) The value of the bonds = $917.99

c) Since market value of bond is higher than book value of bond. So investor should not purchase the bond.

7 0
3 years ago
What three factors that had a negative impact on the financial performances of unibic in its early years?
Ugo [173]

Answer:

Price of unibic, preference for other glucose biscuits, and inadequate marketing and branding campaigns had a negative impact on the financial performances of unibic in its early years

Explanation:

The three factors that negatively impacted the financial performances of unibic in its early years were as follows

a) The price of Unibic cookies was higher as compare to its other competitors.

b) During those days, glucose biscuits were preferred as compared to bakery cookies of Unibic

c) Packaging, branding and marketing  not as per the public requirement

4 0
3 years ago
Jamie would like to identify the similarities and differences among seven different types of flowers. Jamie should use a Venn di
AlexFokin [52]
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4 0
3 years ago
Read 2 more answers
at wilma service company, the balance of cash account on january 1st, 2020 was $5,000. the following transactions are for year 2
Xelga [282]

the correct answer is $60,000

How Do I Open a Cash Account?

To balance an account, just add up its debit and credit sides, then subtract the smaller (with a lower total value) side from the bigger side. The balance of the account is the difference between the two sides.

Any securities transactions must be paid in full from monies in the account at the time of settlement if the account is a cash one with a brokerage company. Thus, with this form of account, short selling and buying on margin are prohibited. Cash accounts and margin purchases of securities are governed by Regulation T of the Federal Reserve. Investors have two business days to pay for security under this legislation. T+2 is the name of it.

A ledger in which all cash transactions are documented is referred to as a cash account or cash book in accounting. The cash account contains both the cash receipts and payments journals.

To know more about balance of cash account

brainly.com/question/14541900

#SPJ4

3 0
2 years ago
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