Answer:
$64,000
Explanation:
In order to be deductible, a business expense must be both ordinary and necessary. Being ordinary means that it is a plausible expense for this business, since the expense in question is related to accounting services, it is ordinary. Being necessary means that the expense is the minimum required and is appropriate and helpful to the business. In this case, all of the expense was not required, therefore, only $64,000 (the reasonable market value for the services provided) are deductible.
Answer: The correct answer is "an intermarket spread".
Explanation: This is an example of <u>an intermarket spread</u> swap.
- An intermarket spread swap, is the exchange of 2 bonds within different parts of the same market in order to obtain a higher yield.
Answer:
a. $33,000.
b. $36,000.
Explanation:
Net income is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is also called net earnings.
Now, Cash accounting recognizes revenue and expenses only when money changes hands, but accrual accounting recognizes revenue when it's earned, and expenses when they're billed (but not paid).
a. 2014 Cash-basis net income:
Primo Industries collected $105,000 from customers in 2019
Primo Industries also paid $72,000 for expenses in 2019
=105,000-72,000
=$33,000
b. 2014 accrual-basis net income.
=(105,000-25000+40000)-(72000-30000+42000)
=120000-84000
=$36,000
Financial managers should strive to maximize the current value per share of the existing stock to represent the interests of the current shareholders.
<h3>What is the functions of the Financial managers?</h3>
Financial managers can be described as the type of managers that are responsible for the financial health of an organization.
They help in the creation of the financial reports as well as directing investment activities, and develop plans , hence Financial managers should strive to maximize the current value per share of the existing stock to represent the interests of the current shareholders.
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An appropriate stock price will be $82.45 ($4.25 * 19.4).
The most common manner to price stock is to compute the organization's rate-to-income (P/E) ratio. The P/E ratio equals the enterprise's stock rate divided via its maximum lately suggested income in line with proportion (EPS). A low P/E ratio means that an investor buying the inventory is receiving an appealing amount of value.
The time period inventory fee refers to the current rate that a proportion of inventory is bought and sold for available on the market. Every publicly-traded company, when its shares are issued, is given a fee – a challenge in their value that ideally reflects the price of the corporation itself.
An inventory is a general term used to explain the ownership certificates of any organization. A proportion, on the other hand, refers to the inventory certificate of a selected organization. Protecting a specific employer's percentage makes you a shareholder.
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