Answer: YES, marry is in conflict.
Explanation: As being a certified public accountant it is responsibility of mary to correctly prepare the tax return for the client. However, she took a deduction that is contrary to the code hence she failed to do her work properly. Now, gordon would have to bear the additional tax in case of correction of the error in deduction made by his CPA.
Answer:
Zero
Explanation:
There are three types of activities in the cash flow statement which are described below:
1. Operating activities: It includes those transactions which records cash payments and cash receipts. Like - collection, wages, etc.
2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash
.
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.
The sale of machine is an investing activity. Hence no amount would be reported i.e zero amount would be recorded
What happens when the supply of a nonperishable good is greater than the consumer wants to buy?
Excess supply>remains unsold, eventually price drops
Incomplete question. The options read:
a. 5.16
b. 5.35
c. 5.56
d. 5.77
e. 5.99
Answer:
<u>b. 5.35</u>
Explanation:
Remember, we use the Macaulay duration to determine the weighted average time before any bondholder would start to receive their expected bond's cash flows.
Hence, using the formula attached below, we could find the Macaulay duration for this scenario. In the above formula, where:
C= the periodic coupon payment
y= the periodic yield
M= the bond’s maturity value
n= duration of bond in periods.
However, another way to get a solution is to employ an advanced calculator.
Answer:
A- French Government increased the corporate tax rate.
Explanation:
Gross profit margin refers to the ratio of gross profit to net sales of a firm.
Gross profit is calculated as net sales minus cost of goods sold.
Net profit margin refers to the ratio of net profit to net sales of a firm.
Net profit is calculated as the profit before tax expense minus corporate tax expense.
Corporate tax expense is the corporate tax rate multiply by the profit before tax expense.
Profit before tax expense is calculated as the gross profit minus operating expenses, sales and distribution expenses and other relevant expenses.
From the explanation above, it can be seen that corporate tax rate is the only option from the question that can affect the net profit margin. For example, an increase in the corporate tax rate will increase the corporate tax expenses and therefore make net profit to fall. This will eventually make net profit margin to decline.
Therefore, the correct option is A- French Government increased the corporate tax rate.
