Answer:
the answer is A. An investment bank is a non-depository institution; a commercial bank takes customer's deposits.
Explanation:
An investment bank is catering specially to the business and institutional requirements while a commercial bank tends to support the requirements of general public and private businesses.
Answer:
$20
Explanation:
Given that,
Cash collected from the customers = $100
Cash paid to suppliers = $60
Cash paid to employees and other creditors = $20
Depreciation expense = $10
Therefore,
Clarke’s Cash Flow from Operations during the quarter ended 3/31/2015:
= Cash collected from the customers - Cash paid to suppliers - Cash paid to employees and other creditors
= $100 - $60 - $20
= $20
Answer:
d. explicit forecast period and a terminal value
Explanation:
The concept involves giving the current values to the expected future cash flows of a project. Discounted cash flows seek to assign a present value to the projected future income of a company. The discount cash flow techniques use an appropriate discount rate in evaluating forecasted revenues.
Discounted cash flow valuation methods are used in capital budgeting. They are decision-making tools that help managers and shareholders determine whether to invest in a project or not. Discounted future revenues communicate the profitability potential of a project.
Answer:
Tax law uncertainty.
Explanation:
The “Tax law uncertainty” is the correct answer because it can be seen in the question that Congress has disallowed the deductions for advertisement in the future tax years. Since the decisions that the government takes are confidential and only a few people are aware of the decisions before its formal announcement. So the same case is here, Jolsen had a contract of $375000 annually and it will estimate that after obtaining the tax deduction, the advertisement cost will be lower. But the changes in the tax laws result in underestimated after-tax cost by Jolsen.
Answer:
$3,000
Explanation:
Mark's basis at the beginning of the year = $3,000
Mark's share of Wick's income = $2,000 x 50% = $1,000
the distribution of the truck = $5,000
Mark's taxable income = basis - share of profits - truck's basis = $3,000 - $1,000 - $5,000 = -$3,000, so Mark has to report a $3,000 income from this distribution.
