What do you mean by office personal

Just before colliding with another vehicle, you should __________.

S_A_V [24]

Just before colliding with another vehicle, you should take your foot off the brake pedal.
 There are several things you can do in order to minimize the consequences of collisions. One of them is to take your foot off the brake pedal. Other are:
- If possible, swerve to the right side of the road when you take evasive action.
- Another general rule is to hit an object with a glancing blow (at an angle) rather than head-on.

4 0

3 years ago

One result of earnings management is:a.It brings into question the quality of earningsb.It uses a non-GAAP financial measure to

HACTEHA [7]

Answer:

The correct answer is A. It brings into question the quality of earnings.

Explanation:

It will be taken as management to the action of administering in the most efficient way to that profit that we obtained. When talking about efficiency, it points to the idea that money made up of profit must be spent intelligently.

To understand that not all money from a profit must be spent on personal matters. This does not mean that a certain part is not destined for it, because otherwise there will be no motivation to generate profit on a personal level. That is why it is important to know how to distribute the profit obtained in the most intelligent way possible. For this you only have to allocate 60% (the percentage is estimated the same can vary), to spend the money of a profit on personal expenses. Then one wonders what will happen with the remaining 40% (estimated percentage)? This is where intelligence comes in to manage the profit, this percentage must be used for reinvestment and also to form a contingency fund. This seeks to generate a multiplier effect of the capital earned and also form a "cushion" (savings) for when things are not right.

This type of profit management can be applied either at the company level: where part of the profit is reinvested to grow the business. And in turn it forms a contingency fund for any mishap that can be generated over time.

4 0

3 years ago

Ben and carla covington plan to buy a condominium. they will obtain a $220,000, 30-year mortgage at 5 percent. their annual prop

shtirl [24]

Answer: The total using monthly housing payment is 1371.01.

The monthly payment on a house usually comprises of four parts - principal, interest, taxes and insurance. Even though taxes and insurance are due only once a year, most home loan lenders require that these amounts be deposited in an escrow account . They then transfer the amounts to the respective agency when the amounts fall due. So, the value of monthly payment is:

$Monthly Housing Payment = Principal + Interest + Taxes + insurance$

We need to calculate the EMI on the housing loan. This will cover the monthly payment on principal and interest

$EMI = \frac{PV}{\frac{1-(1+r)^{-n}}{r}}$

$EMI = \frac{220000}{\frac{1-(1+\frac{0.05}{12})^{-30*12}}{\frac{0.05}{12}}}$

$EMI = \frac{220000}{\frac{1 - 0.22382659564135}{0.0042}}$

$EMI = \frac{220000}{186.28}$

$EMI = 1181.01$

Next we calculate the monthly property taxes and insurance

Monthly property taxes $\frac{1800}{12} = 150$

Property insurance $\frac{480}{12} = 40$

Hence the total housing payment is : $1181.01 + 150 +40 = 1371.01$

3 0

3 years ago

upola Fan Corporation issued 10%, $400,000, 10-year bonds for $385,000 on June 30, 2021. Debt issue costs were $1,500. Interest

maks197457 [2]

Answer:

See the journal entries below.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Cupola Fan Corporation issued 10%, $400,000, 10-year bonds for $385,000 on June 30, 2021. Debt issue costs were $1,500. Interest is paid semiannually on December 31 and June 30. One year from the issue date (July 1, 2022), the corporation exercised its call privilege and retired the bonds for $395,000. The corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs.

Required: Prepare the journal entries to record the (a) issuance of the bonds, (b)the payment of interest and (c) amortization of debt issue costs on December 31, 2021 & June 30, 2022, and the (d) call of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

The explanation of the answer in now given as follows:

(a) issuance of the bonds

The journal entries will look as follows:

Date Accounts Title $ Explan. Debit ($) Credit ($)

30 Jun. ’21 Cash (w.1) 383,500

Bonds Payable 383,500

(To record the issuance of Bonds.)

(b)the payment of interest

The journal entries will look as follows:

Date Accounts Title $ Explan. Debit ($) Credit ($)

31 Dec. ’21 Interest Expense 20,825

Bonds Payable (w.5) 825

Cash (w.2) 20,000

(To record the Interest Expense.)

30 Jun. ’22 Interest Expense 20,825

Bonds Payable (w.5) 825

Cash (w.2) 20,000

(To record the Interest Expense.)

(d) call of the bonds

The journal entries will look as follows:

Date Accounts Title $ Explan. Debit ($) Credit ($)

01 Jul. ’22 Bonds Payable (w.1) 385,150

Loss on Bonds retired (w.7) 9,850

Cash $395,000

(To record the bonds retired early.)

Workings:

w.1: Cash received = Bonds Payable = Amount the bond is issued - Debt issue costs = $385,000 - $1,500 = $383,500

w.2: Interest Expense= Bond face value * Bond rate * (Number of months in semiannual / Number of months in a year) = $400,000 * 10% * (6/12) = $20,000

w.3: Total cost on Bonds Payable issued = (Bond face value - Amount the bond is issued) + Debt issue costs = ($400,000 - $385,000) + $1,500 = $15,000 + $1,500 = $16,500

W.4: Annual cost amortization = Total cost on Bonds Payable issued * Bond rate =$16,500 * 10% = $1,650

w.5: Semiannual cost amortization = Annual cost amortization * (Number of months in semiannual / Number of months in a year) = $1,650 * (6/12) = $825

w.6: Total amount Payable on Bonds = Cash received from w.1 + Semiannual cost amortization on 31 December 2021 + + Semiannual cost amortization on 30 June 2022 = $383,500 + $825 + $825 = $385,150

w.7: Loss on retirement of Bonds = Amount the bond is retired - Total Amount Payable on Bonds = $395,000 - $385,150 = $9,850

5 0

3 years ago

Tax evasion versus tax avoidance

lora16 [44]

Answer:

1. The act of reducing taxes by deliberately understating income or overstating deductions is called ______

Tax evasion

2. Leaving the tip earnings out of her income on her tax returns is

Tax evasion

Explanation:

Tax evasion is deliberate reduction of gross income either by excluding, understating, omitting income, or overstating deductions. It is not legal. Tax avoidance is managing taxable income by effective tax planning (e.g. through investments, insurance, etc.) so that less tax is paid. It is legal and allowed.

8 0

3 years ago

What do you mean by office personal​

What do you mean by office personal