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Brut [27]
2 years ago
7

What is a hold?

Business
2 answers:
Jlenok [28]2 years ago
4 0

Answer:

The hold is that the $100 won't go in.

Explanation:

olganol [36]2 years ago
4 0
A hold is a temporary delay in making funds available in your account .
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Grand River Corporation reported taxable income of $600,000 in year 1 and paid federal income taxes of $155,000. Not included in
Paul [167]

Answer:

$444,000

Explanation:

current earnings and profits = (taxable income - income taxes) - meals expense + tax exempt income = ($600,000 - $155,000) - $3,000 + $2,000 = $444,000

Disallowed expenses are expenses made by an individual or company that the IRS doesn't allow to be deducted, e.g. meals. Tax exempt income is income that is not taxed by the IRS, e.g. DRD includes at least 70% of dividends received.

Deferred gains or unearned revenues are considered a liability and are not included in the income statement.

7 0
3 years ago
Cost of Debt KatyDid Clothes has a $150 million (face value) 30-year bond issue selling for 104 percent of par that carries a co
Ivahew [28]

Answer:

the annual pre-tax cost of debt is 10.56%

Explanation:

the beore-tax component cost of debt will be the actual market rate of the bonds, as they offer an interest rate of 11% but are selling at 104 points not at par thus, there is a difference between the rates.

We solve for the rate which makes the coupon and maturity 104

with excel or a financial calculator

PV of the coupon payment

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 5.500 (100 x 11%/2)

time 60 (30 years x 2 payment per year)

rate <em>0.052787474</em>

5.5 \times \frac{1-(1+0.0527874736258532)^{-60} }{0.0527874736258532} = PV\\

PV $99.4338

PV of the maturity

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   100.00

time   60.00

rate  <em>0.052787474</em>

\frac{100}{(1 + 0.0527874736258532)^{60} } = PV  

PV   4.57

<em><u>Adding both we should get 104 which is the amount the bonds is selling:</u></em>

PV coupon $99.4338 + PV maturity  $4.5662 = $104.0000

The rate is generated using goal seek or wiht a financial calculator.

This rate is a semiannual rate, so we multiply by 2 to get the annual cost of debt:

0.052787474 x 2 = 0.105574947

The cost of debt for the firm is 10.56%

5 0
2 years ago
The best mechanisms known today for efficiently providing goods and services are:
ad-work [718]
The cant Understand It sorry
So I just Gonna Go to google search
Wait me for a minute aaaaaa
4 0
2 years ago
Mary's 25th birthday is today, and she hopes to retire on her 65th birthday. She has determined that she will need to have $4,00
inessss [21]

Answer:

Annuity will be $33112.644  

Explanation:

We have given future value ( FV ) = $4000000

Rate of interest r = 5% = 0.05

Number of periods n = 40

We know that future value is given by Futurte\ value(FV)=\frac{A}{r}[(1+r)^n-1]

Here A is annuity

So 4000000=\frac{A}{0.05}[(1+0.05)^{40}-1]

200000=A[(1+0.05)^{40}-1]

200000=A\times 6.0399

A=$33112.644

So annuity will be $33112.644

4 0
2 years ago
Zen began a new consulting firm on January 5. The accounting equation showed the following balances after each of the company’s
diamong [38]

Answer:

Explanation:

As we know that

Accounting equation comprise of

Total assets = Total liabilities + Shareholder equity

So, the description of each transaction is as follows:

a. Cash A/c Dr $40,000

         To Common stock $40,000

(Being the invested cash in exchange for common stock is recorded)

Since both the above accounts i.e cash account and the common stock are increased by $40,000

b. Office supplies A/c Dr $3,000

             To Cash A/c $2,000

             To Accounts Payable A/c $1,000

(Being the office supplies are purchased for cash and on credit basis)

This transaction reduced the cash balance by $2,000   ($40,000 - $38,000) and the total office supplies is purchased for $3,000 out of which $2,000 is paid for cash and remaining $1,000 is on credit basis.

c. Office furniture A/c Dr $8000

           To Cash A/c $8000

(Being the office furniture is purchase for cash is recorded)

In this transaction, the cash balance is $30,000 and the cash balance in previous balance is $38,000 so it get reduced by $8,000. Although the office furniture balance is also increased by $8,000

d. Accounts receivables A/c Dr $6,000

                To Service revenue A/c $6,000

(Being the service rendered is recorded)

In this transaction, both the above accounts are increased by  $6,000 each

e. Cash A/c Dr $1,000

      To Service revenue A/c $1,000

(Being the service is provided for cash is recorded)

In this transaction, the cash balance is $31,000 and the cash balance in previous balance is $30,000 so it get increased by $1,000 Although the service revenue balance is also increased by $1,000

4 0
2 years ago
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