Answer:
David's basis on the $5,000 bond purchased is:
C. $5,000.
Explanation:
a) Data and Analysis:
Cost of Investment in bond = $5,000
Premium paid = $500
b) David's basis on the bond is the quoted price of the bond, which is a security investment. It is on this basis price that future interest will be calculated. The additional $500 as premium he paid is just an additional cost which he incurred in exchange for his interest in the bond. It does not form part of the basis.
Answer:
$96,080
Explanation:
Calculation of Caldwell Company amount of overhead applied to Product A using activity-based costing.
First step is to use ABC, Overhead assigned to Product A :
Using this formula
[(Number of machine setups for Product A / 1,000) * Machine setup Overhead costs] + [(Number of machine hours for Product A / 30,000) * Machining Overhead costs] + [(Number of inspections for Product A / 1,500) * Inspecting Overhead costs]
Hence:
Let plug in the formula
= [(240 / 1,000) * $105,000] + [(22,200 / 30,000) * $50,000] + [(660 / 1,500) * $77,000]
= $25,200 + $37,000 + $33,880
= $96,080
Therefore Caldwell Company amount of overhead applied to Product A using activity-based costing will be:$96,080
Answer: True
Explanation: The chances of a taxpayer being audited by the IRS has decreased substantially over the last decade. This is in part due to a decrease in the IRS 's budget, an increase in their workload with a subsequent decrease in its enforcement workforce. In fiscal 2019 the IRS audited about 0.45% of individuals returns, and this figure decreased from 2018, which sat at 0.59%. Nowadays IRS focuses more on auditing the taxes of the wealthy, and organisations nationwide.
Answer:
10.23%(approx)
Explanation:
WACC for this project:
= (Debt ÷ Initial investment) × cost × (1 - tax rate) + (Preferred stock ÷ Initial investment) × cost + (Equity ÷ Initial investment) × cost
= (750,000 ÷ 1,708,000) × 8.7 × (1 - 0.25) + (78,000 ÷ 1,708,000) × 9.9 + (880,000 ÷ 1,708,000) × 13.2
= (0.44 × 8.7 × 0.75) + (0.05 × 9.9) + (0.52 × 13.2)
= 2.871 + 0.495 + 6.864
= 10.23%(approx)
A subscription model does not charge a variable fee based on the volume of transactions or operations performed by the application. Hence, the given statement is false.
<h3>What is the subscription model?</h3>
When a customer takes a subscription model, in that case, they are charged on a recurring basis for that particular product or service. They will have to change their subscription model after that.
Most subscription models provide all customers with some kind of option that they can renew or cancel. The subscription model does not charge a variable fee.
Therefore, it is based on the transaction, but it charges based on the plan for how long one is going to use the services.
Learn more about subscription model from here:
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