Answer:
i. $40,000
ii. $410,000
iii. 180 days after July 12, 2015
Explanation:
i. The taxpayer's recognized gain is $40,000 ($450,000 -$410,000). The cost of the new office - the amount received from the insurance company.
ii. The taxpayer's basis for the new office is the cost of purchasing the new office building which is $410,000.
iii. Taxpayers can qualify for deferral treatment if they reinvest proceeds into a QOF (Qualified Opportunity Funds) within 180 days of receiving the gain. Because the new office was purchased on July 12, this is the applicable date.
Answer:
Required Reserves
Explanation:
Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.
Reserves is the total amount of a bank's deposit that is not given out as loans
Reserves = Deposits - outstanding loans
$100,000 - $70,000 = $30,000
there are 2 types of reserves
1. Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Required reserves = reserve requirement x deposits
0.2 x $100,000 = $20,000
2. Excess reserves is the difference between reserves and required reserves
$30,000 - $20,000 = $10,000
Answer:
A.) Consumer Education
Explanation:
CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction.
Simply stated, it's a strategic process which typically involves collecting customer information for the purpose of improving a customer's future experience.
Therefore, this employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.
In this context, consumer education is a strategic process which typically involves gaining the necessary resources and skills required to manage consumer resources in order to continue to provide satisfactory services to them.
Answer:
($ in million)
Dr Cash 81.6
Dr Discount on bonds payable 2.8
Cr Bonds payable80.0
Cr Equity-stock warrants outstanding 4.4
Explanation:
Preparation of the journal entry to record the issuance of the bonds.
($ in million)
Dr Cash 81.6
(80,000,000 X 102/100 = $81.6 million)
Dr Discount on bonds payable 2.8
(80+4.4-81.6 = $ 2.8 million balancing figure)
Cr Bonds payable 80.0
Cr Equity-stock warrants outstanding 4.4
($5 × 11 warrants × 80,000 bonds= $4.4 million)
(Being To record issuance of bonds)
Answer and Explanation:
Describe the ethical dilemma or dilemmas Rachel faced:
Rachael was faced with the ethical dilemma of accepting her boss's deceptive strategy to increase customer conversion or reject it because it is wrong even though she doesn't have an ethical or right way of increasing customer base
Do you think Rachel's boss' "Cindy Anderson" strategy is ethically acceptable? Why or why not?
What Rachel's boss asked for is wrong and unethical because betraying the trust of existing customers and trying to deceive them by using another identity is dishonest
What is Rachel's obligation to her customers and what are Rachel 's obligations to the company?
Rachel's obligation to the company was to increase customer conversion by using all possible email communications to market company products. Her obligation to customers was to not be deceitful
What do you think is the most important factor in how Rachel responded to the situation: That she thought the proposed "Cindy Anderson" strategy was deceitful or that she thought the strategy would cost the company customers?
The most important factor in her response was that she thought the Cindy Anderson strategy was deceitful and ethically unacceptable.
