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3 years ago

If a security becomes worthless in the current taxable year, it is treated as sold or exchanged on the:

Business

1 answer:

xz_007 [3.2K]3 years ago

3 0

Answer:

If a security becomes worthless in the current taxable year, it is treated as sold or exchanged on: The last day of the current taxable year.

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Why is it important to honor veterans

Umnica [9.8K]

According to reference.com "It is important to continue honoring veterans because it is a way of acknowledging the sacrifices they have made while serving their country. Without the service of veterans, Americans may not have the freedoms they do today."

8 0

3 years ago

Read 2 more answers

One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 25% o

mylen [45]

Answer: Option C = 20, 275 pounds

Explanation:

First, the first part of the question is missing and it as follows:

The following are budged data

January February March

Sales in Units 16,600 23,200 19,600

Production in Units 19,600 20,600 19,300

Solution:

The qestion is to deermine Purchases of raw materials for the month of February

The formula is as follows:

Production Units in February x the raw materials required per Unit in Pounds + The Closing inventory - The Opening Inventory of materials

Using the formula we know the following

Productoin Units in February = 20,600

Raw Material required per Unit = 1 pound

Closing Inventory = 25% of March (19,300) = 4,825

Opening Inventory = 25% or February (20,600) = 5,150

Based on the computed figures therefore,

Production Units in February

= 20,600 x 1 pound = 20,600 + 4,825 - 5,150 = 20,275 which is Option C

6 0

3 years ago

On November 28, 2021, Shocker receives a $2,250 payment from a customer for services to be rendered evenly over the next three m

Daniel [21]

Answer:

Dec 31, 2021

DR Deferred Revenue ...................................................$750

CR Service Revenue ...............................................................$750

Working

Service provided at end of November so only one month left in the year. Revenue earned is;

= 2,250/ 3 months

= $750

Dec 31, 2021

DR Advertising Expense ..................................................$750

CR Prepaid Adevertising............................................................$750

Working

Advertising is for 3 months and only one month has elapsed;

= 2,250/ 3 months

= $750

Dec 31, 2021

DR Salaries Expense ............................................................$6,500

CR Salaries Payable...........................................................................$6,500

Dec 31, 2021

DR Interest Expense .............................................................. $1,650

CR Interest Payable...............................................................................$1,650

Working

9% is payable on the note for the year.

This figure will be apportioned monthly and since 4 months were left when it was signed, the interest will be for 4 months

= 55,000 * 9% * 4/12 months

= $1,650

7 0

3 years ago

Complete the following sentence.

tiny-mole [99]

Answer:

Auditor

Explanation:

If an interviewer has suspicions of fraud, the interviewer may call on a fraud AUDITOR to assess the situation.

This is because a FRAUD AUDITOR is a type of auditor who based on his experience and background, works as a professional in the gathering of verifiable evidence in terms of fraud and eventually serves as an expert witness during the legal proceeding of such cases.

8 0

3 years ago

You’ve observed the following returns on Crash-n-Burn Computer’s stock over the past five years: 16 percent, –5 percent, 19 perc

Kaylis [27]

Answer:

(A) 8.22%

(B) 7.5%

Explanation:

The first step is to calculate the average nominal return

Average nominal return= R1 + R2 + R3 + R4 + R5/5

= 16 +(-5) + 19 + 13 + 10/5

= 16-5+19+13+10/5

= 53/5

= 10.6%

(A) The average real return can be calculated as follows

= (1 + average nominal return)/(1+ inflation) -1

= (1+ 10.6/100)/(1+2.2/100) -1

= (1+0.106)/(1+0.022)-1

= 1.106/1.022-1

= 1.08219-1

= 0.08219 × 100

= 8.22%

(B) The average nominal risk premium can be calculated as follows

Average risk free rate= Nominal average t-Bill rate-inflation

= 5.3% - 2.2%

= 3.10%

Average nominal risk premium= average nominal return -average risk free rate

= 10.6% - 3.10%

= 7.5%

5 0

3 years ago