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Neporo4naja [7]
3 years ago
7

Luis, marlon, and victoria are counting money. they each have the same amount in dollar bills, quarters, dimes, nickels, and pen

nies. they take turns matching amounts in different ways. luis sets aside two dollars in dollar bills. marlon makes the same amount with eight quarters. victoria makes the same amount with one dollar bill and 10 dimes. this exercise best illustrates which function and which characteristic of money
Business
2 answers:
Olegator [25]3 years ago
5 0

Correct Answer is A) Standard and divisibility

Hoochie [10]3 years ago
4 0
The characteristics is its divisibility: money can be divided into smaller parts and the sum of those parts has the same value as the original money. Here we see that different people have the same amount of money in different forms.

Other characteristics of money are its durability, transportability and the resistance to being faked. 
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An investor recently purchased a corporate bond that yields 9%. The investor is in the 36% combined federal and state tax bracke
kifflom [539]

Answer:

The bonds after tax yield is given as Pre tax yield X (1-tax rate)

After Tax Yield = 9% X (1-0.36) = 9%X0.64=5.76%

Answer: 5.76%

Explanation:

The after-tax yield of any financial instrument such as a bond or even stock dividends is the effective yield after the applicable taxes have been paid. Higher the tax rate, lesser is the after-tax yield for the investor.

To calculate your after-tax yield, you need to know both the rate of return on your investment and the tax rate that applies to those profits. First, convert your tax rate that applies to the earnings to a decimal by dividing by 100. Second, subtract the result from 1 to calculate the portion of your earnings that you get to keep after you pay taxes on them. Third, multiply the result by the rate of return on the investment to calculate your after-tax yield.

For example, say that you want to calculate the after-tax rate of return on your certificate of deposit. If your rate of return is 3 percent and the tax rate applied to that interest is 24 percent, start by dividing 24 percent by 100 to get 0.24. Second, subtract 0.24 from 1 to get 0.76 – the portion that you get to keep after accounting for taxes. Finally, multiply 0.76 by your overall rate of return of 3 percent to find your after-tax yield is 2.28 percent.

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3 years ago
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The difference between pretax accounting income and taxable income is due to subscription revenue for one-year magazine subscrip
Aleks04 [339]

Question Completion:

Times-Roman Publishing Company reports the following amounts in its first three years of operation: ($ in 000s) Pretax accounting income Taxable income 2018 2019 2020 S340 $320 $310 380 330 350

Required:

1. What is the balance sheet account for which a temporary difference is created by this situation?

2. For each year, indicate the cumulative amount of the temporary difference at year-end. (Enter your answers in thousands.)

3. Determine the balance in the related deferred tax account at the end of each year. Is it a deferred tax asset or a deferred tax liability? (Enter your answers in thousands.)

Answer:

Times-Roman Publishing Company

1. The balance sheet account for which a temporary difference is created by this situation is the Deferred Subscription Revenue.

2. Cumulative amount of the temporary difference at year-end:

December 31, ($ in 000s)               2018    2019    2020

Cumulative Temporary Difference $40      $50     $90

3. The balance in the related deferred tax account for each year:

December 31, ($ in 000s)               2018    2019    2020

Deferred Tax Asset (Liability)          $10      $2.5     $10

They are all deferred tax assets.

Explanation:

a) Data and Calculations:

December 31, ($ in 000s)               2018    2019    2020

Pretax accounting income             $340    $320    $310

Taxable income                                380      330      350

Temporary Difference                     $40       $10     $40

Cumulative Temporary Difference $40      $50     $90

Deferred Tax Asset (Liability)          $10      $2.5     $10

a) A deferred tax asset arises from the overpayment or advance payment of taxes as a result of the temporary differences between the accounting income and the taxable income.  On the other hand, a deferred tax liability arises from the underpayment of taxes as a result of the temporary differences between accounting income and taxable income.

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