Depreciation methods.

One approach to understanding corruption perceptions is to compare information across a variety of countries. Your company has h

Ne4ueva [31]

Explanation:

A major problem in investing in the countries of South America are the problems arising from corruption, political instability and bureaucratization.

There are also many positive points that make large companies operate in such countries, such as Brazil, for example, which is a large country with enormous potential for consumption and also local and government incentives for setting international companies in the country.

However, it is essential that companies operate in these countries having knowledge of the real local situation in terms of the main problems occurring in the country, such as corruption, which can lead to significant problems for the company's business.

It is important, therefore, that there is an accurate internal control over the businesses and the corruption-related indexes and an active and regular monitoring of data essential to the business.

It is also important to have policies and an internal culture aimed at maintaining ethical values, so that the company is supported by positive and ethical values that will lead to a good positioning in the market.

4 0

4 years ago

Grady is a member of a large family and received the following payments this year. For each payment, determine whether the payme

diamong [38]

Answer:

a. This is a realized income. Amount to be included in his gross income is $0.

b. This is a realized income. Amount to be included in his gross income is $0.

c. This is a realized income. Amount of gift of bond to include in Glady's gross income is $0. Amount of interest from the bonds to be included in his gross income is $0.

d. This is NOT a realized income. Amount to be included in his gross income is $0.

Explanation:

a. A gift of $30,600 from Grady’s grandfather. Amount to be included?

The $30,600 is categorized as a realized income. However, no part of the total amount of any gift will be included in the gross income.

Therefore, amount to be included Glagy's gross income is $0.

b. 680 shares of GM stock worth $282 per share inherited from Grady’s uncle. The uncle purchased the shares for $82 each, and the shares are worth $287 at year-end. Amount to be included?

This amount of inheritance is categorized a realized income. However, they are not to be included as part of the gross income.

Although the there is an increase in the share value from $82 to $287, but the increased value will still not be included in the gross income because it has not been realized.

Therefore, amount to be included Glagy's gross income is $0.

c. A gift of $53,000 of Ford Motor Bonds. Grady received the bonds on October 31, and he received $1,590 of semiannual interest from the bonds on December 31. Amount to be included for gift motor bonds? Amount to be included for interest from the bonds?

This gift of bond is categorized as a realized income. However, they are not to be included as part of the gross income.

The amount of interest that accrued till October 31 will not be included in the gross income because it is considered as part of the gift as it was an interest that accrued when the bond gift was given.

The $530 [i.e ($1,590 / 6 months) * 2 months] that accrued from November 1 to December 31 (i.e. 2 months) will be taxed because it accrued after the day the gift was given. But this is an accrued interest that has not been received. It will therefore not be included in the gross income but it will be taxed when it is received.

The amount of gift of bond = $53,000 + [($1,590 / 6 months) * 4 months] = $53,000 + $1,060 = $54,060.

Amount of accrued interest from the bonds = ($1,590 / 6 months) * 2 months = $530.

However, amount of gift of bond and interest from the bonds to be included in Glady's gross income is $0.

d. A loan of $7,200 for school expenses from Grady’s aunt. Amount to be included?

A genuine loan does not fall under the category of a realiszed income. However, there are situations whereby a loan can be a a disguised gift. Under this situation, the loan would be considered as a gift and then becomes a realized income. However, the value of the gift will not be included in the gross income.

For this qustion, the loan is considered a genuine loan and it not a realized income. Therefore, the amount to be included Glagy's gross income is $0.

8 0

3 years ago

repare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the

Umnica [9.8K]

Question Completion:

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) $ 1,509,000 567,040 941,968 1,036,000 $ (94,040) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Division Central $389,000 $600,000 $520,000 East West Sales Variable expenses as a percentage of sales Traceable fixed expenses 27% 36% $283,000 $336,000 $203,000

Prepare a contribution format income statement segmented by divisions Division Total Company East Central West

The Marketing Department has proposed increasing the West Division's monthly advertising by $25,000 based on the belief that it would increase that division's sales by 19%.

Answer:

Wingate Company

a. Contribution format income statement segmented by divisions

Division Total Company East Central West

Sales $ 1,509,000 $389,000 $600,000 $520,000

Variable expenses 567,040 217,840 162,000 187,200

Contribution margin 941,960 $171,160 $438,000 $332,800

Traceable fixed expenses 822,000 $283,000 $336,000 $203,000

Non-traceable fixed expense 214,000

Net operating income (loss) $ (94,040) ($111,840) $102,000 $129,800

b. If the marketing department's proposal is implemented, the net operating loss will decrease by $38,232, i.e from $94,040 to $55,808.

Explanation:

a) Data and Calculations:

Wingate's most recent monthly contribution format income statement:

Sales $ 1,509,000

Variable expenses 567,040

Contribution margin 941,968

Fixed expenses 1,036,000

Net operating income (loss) $ (94,040)

Additional information:

Division Central East West

Sales $389,000 $600,000 $520,000

Variable expenses as a

percentage of sales 56% 27% 36%

Traceable fixed expenses $283,000 $336,000 $203,000

Increase in Division West's fixed expenses by $25,000

Expected increase in Division West's sales = 19%

Contribution format income statement segmented by divisions

Division Total Company East Central West

Sales $ 1,509,000 $389,000 $600,000 $520,000

Variable expenses 567,040 217,840 162,000 187,200

Contribution margin 941,968 $171,160 $438,000 $332,800

Traceable fixed expenses 822,000 $283,000 $336,000 $203,000

Non-traceable fixed expense 214,000

Net operating income (loss) $ (94,040) ($111,840) $102,000 $129,800

Based on new proposal:

Contribution format income statement segmented by divisions

Division Total Company East Central West

Sales $ 1,607,800 $389,000 $600,000 $618,800

Variable expenses 602,608 217,840 162,000 222,768

Contribution margin 1,005,192 $171,160 $438,000 $396,032

Traceable fixed expenses 847,000 $283,000 $336,000 $228,000

Non-traceable fixed expense 214,000

Net operating income (loss) $ (55,808) ($111,840) $102,000 $168,032

5 0

3 years ago

Which statement about deposits are true? Check all that apply

LuckyWell [14K]

The statements that are true about deposits is:

A. Deposits increase the checking account balance

C. Deposited money can be transferred electronically from one bank to another

E. You can deposit a greater amount than the balance in the account

D. You cannot make a deposit at a ATM. This is false because with an ATM you can make a deposit into an account. If you were using a credit card, there is no account to put money into, it just charges to a card you have to then pay off.

B. A deposit is money that is subtracted from a bank account. When you deposit money, you are adding money into a bank account. When you withdraw money you are subtracting money into a bank account. Because this question refers to subtracting from a bank account, this is false.

5 0

3 years ago

Read 2 more answers

Rangle contracts with Siena to buy a certain horse for her. Rangle makes a deal with Timberline Stables, the owner of the horse,

Ann [662]

Answer: indemnification

Explanation: The indemnification clause is essentially the other party's obligation to compensate your damages if they do something that hurts you or allows you to be sued by a third party.

Indemnifying and keeping innocent means the same thing — making it whole after a defeat. Usually, but not always, the obligation to indemnify is reconcilable with the contractual obligation to "keep harmless" or "save harmless.

Hence from the above we can conclude that Rangle has right of indemnification.

6 0

3 years ago