If you know how to think critically and have excellent problem solving skills, you are said to have strong

Suppose touchtech, a hand-held computing firm, is selling bonds to raise money for a new lab—a practice known as finance. buying

lbvjy [14]

Just think here itll come to you eventually
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7 0

3 years ago

Quality Cars, an independent used-car dealership, utilizes long-term consumer credit in its business. Typically, consumers are a

slavikrds [6]

Answer: The correct answer is "installment accounts".

Explanation: The quality cars business model implies that customers can pay a reduced percentage of the cash price, and for the remaining balance a financing over 48 months, charging a monthly interest for that balance. Thus Quality Cars is employing<u> installment accounts</u> in its business.

7 0

3 years ago

Which of the following correctly orders the investments from LOWER risk to HIGHER risk?

Yuliya22 [10]

Here is the correct order of investments from Lower Risk to Higher Risk: <span> Treasury bond − Diversified mutual fund – Stock

Treasury bond is released by Government, so unless your country went bankrupt, it is safe to assume that you will get the investment back.

Diversified mutual fund puts your eggs in a lot of baskets So in case one of your investment fail, the others could still support your overall investments

Since the stock is a single entity and really fluctuative, it is considered as the most dangerous type of investment.

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3 0

4 years ago

on january 1 of year 1, congo express airways issued $3,400,000 of 7% bonds that pay interest semiannually on january 1 and july

alex41 [277]

If the company's December 31, year 1 balance sheet should reflect total liabilities associated with the bond issue (including interest) in the amount of: E. $3,120,000.

<h3>How to find the total liabilities?</h3>

Using this formula to determine the total liabilities

Total liabilities = Bond's issue price + (Amortized discount x 2)

Let plug in the formula

Total liabilities = $3,100,000 + ($10,000 x 2)

Total liabilities =$3,100,000 + $20,000

Total liabilities = $3,120,000

Therefore the correct option is E.

Learn more about Total liabilities here:brainly.com/question/28390357

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7 0

1 year 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