<span>
<span>The
liability created by receiving cash before providing the service or
delivering the goods in question is called unearned revenue. In this case, the entity providing the
goods/services records this transaction as revenue that has been generated
but in real sense, the seller remains with the liability until after the actual delivery
of the goods/services. The purpose of this practice can be advantageous to
the seller in certain situations such as easing the burden of paying interest
on debts.</span></span>
<span>Cash equivalents, the investments securities that are for short-term investing, and they have high credit quality and are highly liquid. Cash equivalents, also known as "cash and equivalents," are one of the three main asset classes, along with stocks and bonds. Cash equivalents also serve as one of the most important health indicators of a company's financial system.</span>
Answer:
Beta= 1.5
Explanation:
<u>First, we need to calculate the proportional investment of each asset:</u>
Total investment= $100,000
BOA= 30,000/100,000= 0.3
Best Buy= 20,000/100,000= 0.2
Harley-Davidson= 50,000/100,000= 0.5
<u>To calculate the beta of the portfolio, we need to use the following formula:</u>
Beta= (proportion of investment A*beta A) + (proportion of investment B*beta B)...
Beta= (0.3*1.8) + (0.2*1.05) + (0.5*1.5)
Beta= 1.5
Answer:
The correct answer is a. production points outside the production possibility frontier are unattainable
Explanation:
Production possibility frontier graph is attached.
The production possibility frontier shows the possibilities of trade off between two products. The trade off in this frontier use all the resources available. So it is impossible to reach a point outside the frontier, there are not enough resources.
Answer:
This case has similarities to the instances of Cesarini v. the US, 296 F.Supp. 3 (N.D. Ohio 1969), is a noteworthy case decided by the U.S. Locale Court for the Northern District of Ohio, where the court decided that treasure trove property is remembered for net salary for the assessment year when it was found.
A. TAX RESEARCH ISSUES :
1. Regardless of whether charges on the monies were due in the year the piano was bought or in the year the monies were found?
2. Regardless of whether the monies found in the piano are includable as gross income of the parties?
3. Regardless of whether offended parties are qualified for capital gains treatment?
B. Keywords:
- Monies found
- Cesarini v. United States
- Treasure
- Piano
- 26 U.S. Code § 102
- Gross Income
- Gift
