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Answer:
D. Earnings before interest and taxes(EBIT)
Explanation:
Earnings before interest and taxes abbreviated EBIT in the income statement is arrived at by deducting operating expenses from revenue/sales to get operating income. The operating income is earnings before interest and taxes which comes before gross income(subtract other expenses). Operating expenses are the main expenses concerned with operations of the business such as the Sales
Answer:
The correct answer is whistle-blower.
Explanation:
A whistle-blower is any person who raises a concern about an alleged crime or crime that is present in an organization, a company, or any group of people. In most cases, a complainant is a person who is somehow a part of the body that is being accused or disclosed. The alleged conduct that was brought to light can be classified in several ways, as a rule a violation of a specific law, rule, regulation, or a direct threat to the greater public interest (such as health / safety violations, fraud , or corruption) is the main reason that an individual take part in reporting irregularities.
Answer:
Cash interest paid to the bondholders in 2016 is $9,000
Explanation:
The cash interest paid on the bond can be ascertained using the below coupon amount formula:
cash interest=face value*coupon rate
face value of the bond is $100,000
coupon rate is 9%
cash interest=$100,000*9%=$9,000
The cash account would be credited while interest expense is debited with $9000 plus amortization of premium on bonds
Answer:
promotes market efficiency by making assets less likely to become overvalued.
Explanation:
Market efficiency can be defined as a measure of the degree to which prices in a market reflect all available and significant information at a specific period of time. A market is said to be efficient when all information has been incorporated into the prices of goods and services, and as such it is impossible to "beat" the market because there are no overvalued or undervalued stock.
In terms of market efficiency, short selling most likely promotes market efficiency by making assets less likely to become overvalued, because stocks are usually not allowed to be overpriced before selling them.
Due to the taxes being withheld at a higher rate, you are not able to repay the taxes. Since these taxes were already withheld at an incorrect issue on the company it is not your issue to repay. Arch needs to make the necessary adjustment to the companies annual income tax return when he submits it.