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3 years ago

What is a living will?

1 answer:

3 0

A written statement detailing a person's desires regarding their medical treatment in circumstances in which they are no longer able to express informed consent, especially an advance directive.

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What is the difference between financial and managerial accounting ?

horrorfan [7]

Answer:

Financial accounting refer to the financial statement while, managerial is more focus into internal reports

In details, the most difference are as follows:

Aggregation.

Financing reports on the complete firm. While Managerial; at product, division or customer level.

Proven information.

Financing require certain criteria to ensure precision. It need to prove correct to third parties. While Managerial uses budget, forecast and estimated values.

Reporting focus.

Financial accounting is oriented toward outside

Managerial accounting analysis stays within a company.

Legislation:

Financial accounting faces the GAAP, IFRS and heavy legislation.

Managerial accounting doesn't

Time period.

Financial accounting has a historical orientation their reports are resumes of past transactions and operations.

Managerial accounting has a future orientation.

Timing.

Financial Statement are done at end of an accounting period.

Managerial accounting issues on demand of the board or supervisor.

8 0

4 years ago

A stadium estimates its administrative costs for three sponsorships to be $12,000, $27,000, and $63,000. Revenue from the sponso

Gemiola [76]

The correct answer is $148,000

6 0

4 years ago

Read 2 more answers

Kareem bought a rental house in March 2014 for $300,000, of which $50,000 is allocated to the land and $250,000 to the building.

Bingel [31]

Answer: See explanation

Explanation:

a. What is Kareem's realized gain or loss?

Amount realized from sale = $330,000

Less: adjusted basis for house and land = $269000

Less: tennis court adjusted basis = $6200

Realized gain = $54700

b. What is the adjusted basis of the rental house and land at the time of the sale?

Original land basis = $50000

Add: Original house basis = $25000

Less: Depreciation = $30900

Adjusted basis = $269100

c. What is the adjusted basis of the tennis court at the time of the sale?

Tennis court original basis = $7500

Less: Depreciation = $1300

Adjusted basis of the tennis court = $6200

d. If the buyer takes the property subject to the $80,000 mortgage, rather than assuming it, what is Kareem's realized gain or loss?

Amount realized = $330000 + $80000 = $410,000

Less: Adjusted basis for house and land = $269100

Less: Adjusted basis of tennis court = $6200

Realized gain = $134700

3 0

4 years ago

Calculate the annual interest and the semiannual interest payment for the following corporate bond issues with a face value of $

Svetllana [295]

The answer to the question is shown below.

<h3>What is the Interest rate?</h3>

In finance and economics, interest is the payment of an amount above the repayment of the principal sum (that is, the amount borrowed) by a borrower or deposit-taking financial institution to a lender or depositor at a specific rate by borrower or deposit-taking financial institution.
It differs from a fee that the borrower may pay to the lender or a third party.
It is also distinct from a dividend, which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a fixed rate, but rather on a pro-rata basis as a share of the reward gained by risk-taking entrepreneurs when revenue exceeds total costs.

Calculation:

Given -

Annual Interest Rate:

5.75%
6.40%
6.00%
7.55%

So, Annual Interest Rate:

5.75% = 1000 × 5.75%= 57.50
6.40% = 1000 × 6.40%= 64.00
6.00% = 1000 × 6.00%= 60.00
7.55% = 1000 × 7.55%= 75.50

So, Semiannual Interest Amount:

5.75% = 1000 × 5.75%/2 = 28.75
6.40% = 1000 × 6.40%/2 = 32.00
6.00% = 1000 × 6.00%/2 = 30.00
7.55% = 1000 × 7.55%/2 = 37.75

Therefore, the answer to the question is shown below.

Know more about Interest rates here:

brainly.com/question/25793394

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The complete question is given below:

Calculate the annual interest and the semiannual interest payment for the following corporate bond issues with a face value of $1,000. (Round your answers to 2 decimal places.) Find: Annual Interest Amount, and Semiannual Interest Payment

Annual Interest Rate:

5.75%

6.40%

6.00%

7.55%

7 0

2 years ago

A resource is ______ if the number of firms that possess it is less than the number of firms required to reach a state of perfec

Savatey [412]

Answer:

Rare

Explanation:

hope this helps :)

5 0

3 years ago