Answer:
D) None of the above is true.
Explanation:
Mark cannot deduct the gift give to his brother. Gift deduction are only allowed to charitable contribution on qualified organization.
In fact, a gift to high could provoke Mark to be subject to gift taxes.
As this is a gift Rick will not report this as income.
Answer:
1. Date General Journal Debit Credit
Jan 1 Cash $40,800,000
Convertible bond payable $40,000,000
Premium on bond payable $800,000
Jun 30 2021 Interest expenses $1,160,000
Premium on bond payable $40,000
(800,000/10 * 1/2)
Cash $1,200,000
(40,000,000 * 6% * 1/2)
2. Date General Journal Debit Credit
June 30 Interest Expenses $1,160,000
2023 Premium on bond payable $40,000
Cash $1,200,000
($40,000,000 *6%*1/2)
June 30 Convertible bonds payable $40,000,000
2023 Premium on bond payable $600,000
($800,000 - ($40,000*5)
Common stock $40,600,000
It should be noted that short run is any period of time in which at least two inputs are fixed.
<h3>What is short run ?</h3>
The short run can be regarded as a concept which explains that at a given period in the future, there will always at least a fixed input and others factors are variable.
Concept of short run explain that an economy behaves differently base on the length of time it has to react to certain stimuli.
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Answer: The exchange rate pass through is 41.7 = 6.666666667%÷16%
Explanation:
Currently, from last year to the current year, there has been a 16% increase change in the exchange rate and a 6.667% change in the price. The exchange rate pass through is 41.7 = 6.666666667%÷16%
For every increase in 1% of the exchange rate, there has been a 41.7% increase in the current price of the DVD player.
The most important consideration when you are creating your report are:
- Use Design To Make the Report's Purpose Clear
- Make the Report Look Like It Will Be Easy To Read
- Consider Using Visuals To Enhance Appeal and Reinforce the Content
- Make It Easy To Navigate the Report and Pick Up the Main Points
- Format Charts and Graphs To Be Attractive and Easy To Understand
- Use Color in a Consistent and Meaningful Way
<h3>What is report?</h3>
A report is a formal document that elaborates on a subject and uses data, charts, and graphs to support its claims and conclusions, according to the definition of report writing that is most frequently used.
Any report, whether it's about a professional occasion or one that details the workings of numerous corporate divisions, is written with a specific audience in mind.
<h3>What is importance of report writing?</h3>
For Decision-Making, Organizations need a large amount of data and information on particular subjects, cases, and circumstances. Business reports and research papers are common information sources used by managers and decision-makers to inform decisions and find answers.
Report writing is important since it is a collection of evaluated information, which is another factor.
The management cannot monitor all of the operations taking place in each department.
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