An economy of scope is best illustrated by being able to eliminate or reduce costs by

Which strategy will increase the asset allocation of your portfolio?

artcher [175]

Answer:

B. Investing in stocks, bonds, and a mutual fund

Explanation:

7 0

3 years ago

In recent years debit cards have become popular. Debit cards allow the holder of the card to pay a merchant for gods and service

enyata [817]

Answer:

Debit cards are assigned to checking accounts, and since they have become more popular, the amount of currency in the economy has decreased while the amount of checking account deposits has increased.

Explanation:

Actual currency (bills and coins) and checking accounts are part of the M1 category of the money supply, since both are considered completely liquid.

3 0

4 years ago

Problem 4-6 (Algo) Income statement presentation; Discontinued operations; EPS [LO4-1, 4-3, 4-4, 4-5] Rembrandt Paint Company ha

Masja [62]

Answer and Explanation:

The preparation of the multiple-step income statement is presented below:

Rembrandt Paint Company

Income Statement

For the Year Ended December 31, 2021

Sales revenue $24,000

Less: Cost of goods sold -$13,500

Gross profit $10,500

Less:

Operating expenses

Selling and administrative -$3,100

Restructuring costs -$1,400

Operating Income $6,000

Add: Interest revenue $220

Less: Interest expense -$420

Income from Continuing operations before income tax expense and extra ordinary item $5,800

Less: Income tax expense (25%) -$1,450

Income from Continuing operations before extraordinary item $4,350

Discontinued Operations

Income from operations of discontinued components ($3,200 - $2,200) $1,000

Less: Income tax expense (25%) $250

Income from Discontinued operations $750

Income before extraordinary items $5,100

Extraordinary item $0

Net Income $5,100

Earning per share

Income from Continuing operations before extraordinary item ($4,350 ÷ 600 shares) $7.25

Income from Discontinued operations ($750 ÷ 600 shares) $1.25

Extraordinary item 0

Net Income $8.50

We simply deduct all types of expenses and added all types of incomes

3 0

3 years ago

The following information pertains to Wald Corp.'s operations for the current year: Worldwide taxable income $300,000 U.S. sourc

denis-greek [22]

Answer:

The amount of foreign tax credit may Wald claim for the current year is $36,600

Explanation:

For computing the claim for the foreign tax credit, we have to do the proportionate of U.S. income tax before foreign tax credit based on Foreign non-business-related interest, Other foreign sources taxable income to the Worldwide taxable income.

In mathematically,

Foreign tax credit based on non business-related which equals to

= (Foreign non business-related interest ÷ Worldwide taxable income) × U.S. income tax before foreign tax credit

= ($30,000 ÷ $300,000) × $96,000

= $9,600

Foreign tax credit based on Other foreign source taxable income which equals to

= (Other foreign source taxable income ÷ Worldwide taxable income) × U.S. income tax before foreign tax credit

= ($90,000 ÷ $300,000) × $96,000

= $28,800

The lower of $28,800 and $27,000 so, $27,000 as it includes the foreign income taxes paid

So, The total amount of foreign tax credit equals to

= $9,600 + $27,000

= $36,600

8 0

3 years ago

Annie Rasmussen, capital, as of December 31, 2019, assuming that assets decreased by $168,000 and liabilities increased by $15,0

satela [25.4K]

Answer:

c. $357,000

d. $733,000

e. $120,000

Explanation:

As we know that

Total assets = Total liabilities + Shareholder equity

The computation is shown below:

c. Updated assets would be

= $720,000 - $168,000

= $552,000

And, the updated liabilities would be

= $180,000 + $15,000

= $195,000

So, the updated capital would be

= $552,000 - $195,000

= $357,000

d. Updated assets would be

= $720,000 - $175,000

= $895,000

And, the updated liabilities would be

= $180,000 - $18,000

= $162,000

So, the updated capital would be

= $895,000 - $162,000

= $733,000

e. The opening capital would be

= Total assets - total liabilities

= $720,000 - $180,000

= $540,000

And, the ending capital would be

= Total assets - total liabilities

= $880,000 - $220,000

= $660,000

So, the gain would be

= Ending capital balance - opening capital balance

= $660,000 - $540,000

= $120,000

8 0

3 years ago