Zimmerman Company's annual accounting year ends on December 31. It is December 31, 2014, and all of the 2014 entries

Your bank account pays a 5% nominal rate of interest. The interest is compounded quarterly. Which of the following statements is

Marta_Voda [28]

Answer:

D . The periodic rate of interest is 1.25% and the effective rate of interest is greater than 5%

Explanation:

Nominal rate = 5% compunded quaterly

rate of interest per quarter = 5% / 4

= 1.25%

effective rate of interest = ( 1 + 5% / 4 )4 - 1

= ( 1 + 0.0125)4 - 1

= 1.05094 - 1

= 5.094%

3 0

3 years ago

Amy is analyzing a job offer. Amy’s Salary Analysis Annual Salary Benefits Average Monthly Rent Average Monthly Utility Costs $4

Alenkinab [10]

Answer:

D) $56,000

Explanation:

Amy's annual salary + benefits = annual salary + bonuses + 401K employer matched up contributions = $48,500 + $5,000 + $2,500 = $56,000

The 401K matched up contributions are considered a benefit because the employer has no legal obligation to pay them.

and its right on e2020 (edge-nuity)

7 0

2 years ago

Read 2 more answers

Be-The-One is a motivational consulting business. At the end of its accounting period, December 31, 2017, Be-The-One has assets

Nastasia [14]

Answer:

a. Stockholders' equity as of December 31, 2017: $298,000

b. Stockholders' equity as of December 31, 2018: $197,000

Explanation:

Basing on accounting equation:

Total asset = Liabilities + Owner's (or Stockholders') Equity

Stockholders' Equity = Total asset - Liabilities

a. On December 31, 2017, Be-The-One has assets of $395,000 and liabilities of $97,000.

Stockholders' equity as of December 31, 2017 = $395,000 - $97,000 = $298,000

b. On December 31, 2018

Total asset = $395,000 - $65,000 = $330,000

Liabilities = $97,000 + $36,000 = $133,000

Stockholders' equity as of December 31, 2018 = $330,000 - $133,000 = $197,000

6 0

3 years ago

Why do southeast asian farmers continue to practice slash-and-burn agriculture and shifting cultivation?

vovangra [49]

For all the technology coming out of China today, its rural community is still very primitive. Farmers in the Western World have found ways to scientifically improve their growing techniques. Crop rotations allow for nutrient rich plants to regenerate the soil every other year. Also letting a field go fallow one years allows for recovery of soil. There are many other ways the West is improving their crops and educating new farmers in agriculture science. However, southeast Asian farmers to do not have access to this technology or sometimes computers/internet. They are using the same techniques that they have for over a thousand years. Until education is available for them or they are taught different they will continue to use the same techniques taught by their father. Even to the detriment of their land.

4 0

2 years ago

Antoine transfers property with a tax basis of $535 and a fair market value of $652 to a corporation in exchange for stock with

Dimas [21]

Answer: $438

Explanation:

Antoine's tax basis in the stock received in the exchange will be gotten as the adjusted basis of asset exchanged which will then be decreased by the liability assumed on the property that's transfered. This will be:

= $535 - $97

= $438

Therefore, Antoine's tax basis in the stock received in the exchange is $438.

8 0

2 years ago