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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 looking at cash flow an important step in a good financial plan?

antiseptic1488 [7]

<span>Cash flow refers to the constant movement of money, both where and how much you're spending as well as how much you're earning in return. Looking at cash flow is an important step in a good financial plan because it can help you determine places where you need to scale back on spending. For example, if you buy a $2 cookie every day, it won't feel like you're spending a lot of money. But after a month, you will have spent $60 on cookies that could have gone to something else, like car repairments. By being aware of this spending, you can save more money and have better control of spending habits.</span>

7 0

4 years ago

Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: Acquire

Keith_Richards [23]

Answer:

The accounting equation holds as follows:

Assets = Liabilities + Shareholders' Equity = $102,000

Explanation:

Note: This question not complete as the requirement is omitted. The requirement is therefore provided to complete the question before answering the question as follows:

Required:

Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA).

The explanation of the answer is now provided as follows:

Note: See the attached excel file for the the horizontal statements in which the transactions are recorded.

From the attached excel file, we have:

Assets = Cash + Land = $49,000 + $53,000 = $102,000

Liabilities = Notes Payable = $30,000

Shareholders' Equity = Common Stock + Retained Earnings = $50,000 + $22,000 = $72,000

Liabilities + Shareholders' Equity = $30,000 + $72,000 = $102,000

Therefore, the accounting equation holds as follows:

Assets = Liabilities + Shareholders' Equity = $102,000

Also note that no figure is recorded for "Determined that the market value of the land is $75,000" because it does affect the horizontal statement since an asset must be recorded at the historical cost.

Download xlsx

8 0

3 years ago

Friendly’s Quick Loans, Inc., offers you “seven for nine or I knock on your door.” This means you get $7.00 today and repay $9.0

mina [271]

Answer: Friendly's would say that you were paying an APR of 1485.71%.

We arrive at the answer as follows

First we calculate the dollar interest on the $7 loan and the rate of interest.

$Dollar interest = 9 -7 = 2$

$\mathbf{Rate of interest on the loan = \frac{2}{7}*100 = 28.5714 percent}$

This 28.5714% interest is for a loan that lasts for one week.

Since a year has 52 weeks, we can find the APR as $\mathbf{28.5714 * 52 = 1485.71 percent}$ .

6 0

3 years ago

If scientists discover that eating bacon reduces cholesterol levels:

bulgar [2K]

Answer:

a. The demand for bacon will increase.

Explanation:

Scientists and other experts are known to influence customer perceptions of consumer products. Many customers make buying decisions based on expert opinions and reviews, which can greatly impact sales.

If scientists say that eating bacon reduced cholesterol, consumers' perceptions of bacon will change. Since this is positive or desired news, customers will increase bacon consumption. Bacon will attract many new customers, which will lead to an increase in its demand.

7 0

4 years ago

how can you use excel to assist in project risk management? what other software can help project teams make better risk manageme

dlinn [17]

PERT analysis can be carried out using Project 2002, and it can also be used with other simulation tools like Risk+.Excel can also be used with simulation software.

The intuitive interface of nTask features inviting neutral colors and is user-friendly.You may prioritize issues, evaluate potential hazards, and assign them to various team members for monitoring with this security risk management program.

There are sufficient options for businesses and budgets of all sizes, but not every tool will benefit every team equally.

If you're working with a major enterprise organization, your risk management software budget and goals will obviously be very different from those of a small agency or solopreneur.

Learn more about excel:

brainly.com/question/29329728

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3 0

1 year ago