Answer:
Explanation:
In this scenario, we compare the values between book value and the fair value of equipment, the difference would be the loss on impairment of the asset
In mathematically,
= Book value - fair value
where,
Book value = Equipment cost - accumulated depreciation
= $672,000 - $174,000
= $498,000
And, the fair value is $384,000
Now put these values to the above formula
So, the value would equal to
= $498,000 - $384,00
= $114,000
Now the journal entry would be
Loss on impairment A/c Dr $114,000
To Accumulated depreciation A/c $114,000
(Being the impairment loss is recorded)
Answer:
e.a and d
Explanation:
Average fixed cost = Total fixed cost / quantity
Total cost is cost that does not vary with production e.g. rent
Average fixed cost is fixed cost per unit produced.
Average fixed cost = average total cost - average variable cost
I hope my answer helps you
(B) To verify the factual accuracy investment bankers review an equity research report prior to publication.
<h3>
What are investment bankers?</h3>
- A financial institution's investment banker is largely responsible for obtaining cash for firms, governments, or other entities.
- The investment banking industry is attractive because it pays handsomely.
- Investment bankers must have great verbal and writing communication skills, as well as the ability to work long and demanding hours.
- Prior to publication, investment bankers analyze an equities research report to ensure its accuracy.
- Large, complex financial transactions are facilitated by investment bankers.
- These transactions may include arranging for a client's acquisition, merger, or sale.
- Another duty of investment bankers is to issue securities in order to raise capital.
As the description itself says, prior to publication, investment bankers analyze an equities research report to ensure its accuracy.
Therefore, (B) to verify the factual accuracy investment bankers review an equity research report prior to publication.
Know more about investment bankers here:
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Complete question:
Under what circumstances may investment banking personnel review an equity research report prior to publication?
A) To prevent a recommendation that may alienate a client company
B) To verify its factual accuracy
C) Under no circumstances
D) To ensure a favorable recommendation
Answer:
a. 4.89%
b. 5.23%
Explanation:
We use the rate formula which is shown in the attached spreadsheet
Given that,
Present value = $2,000 × 108.96% = $2,179.20
Future value or Face value = $2,000
PMT = $2,000 × 5.7% ÷ 2 = $57
NPER = 16 years × 2 = 32 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this,
a. The yield to maturity of the bond is 4.89%
b. The current yield would be
= 57 × 2 ÷ $2,179.20
= 5.23%
Answer:
e. None of these.
Explanation:
Step 1. Given information.
Taxable Dividend Yield = 9.7%
Tax rate on Dividend yield=15%
Interest rate=10%
Let Tax rate on Interest=X
Step 2. Formulas needed to solve the exercise.
Interest rate * (1 - x) = taxable dividend yield ( 1 - tax rate on dividend yield)
Step 3. Calculation.
0.10*(1-x)=0.097*(1-0.15)
0.10-0.10x=0.08245
0.10x=0.01755
x=0.01755/0.10
=0.1755
=17.55%
Step 4. Solution.
e. None of these.
