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3 years ago

Abigail has an inheritance tax lien placed on all of her property. What kind of a lien is it?

Business

1 answer:

Iteru [2.4K]3 years ago

4 0

Answer:

A general lien is one placed against any and all real and personal property owned by a particular debtor. An example is an inheritance tax lien placed against all property owned by the heir. A specific lien attaches to a single item of real or personal property, and does not affect other property owned by the debtor.

Explanation:

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Novak Corp. redeemed $134,000 face value, 10% bonds on April 30, 2022, at 103. The carrying value of the bonds at the redemption

Fittoniya [83]

Answer:

bonds payable 134,000 debit

loss on redemption 17,018 debit

cash 138,020 credit

discount on bonds payabke 12,998 credit

Explanation:

redemption disbursement:

face value x redemption quote

134,000 x 103/100 = 138,020

carrying value: 121,002

loss at redemption 17,018

We are using 138,020 cash(asset) to pay a liability for 121,002

discount/premium on the bonds:

face value 134,000

carrying value 121,002

discount: 12,998

In the journal entry we must write-off the bond payable and the discount. Then, declare the loss at redemption and the cash used.

3 0

3 years ago

Describe three reasons as to why GM builds cars in China. Should GM do what the USA President wants and move production of cars

Marianna [84]

Answer:

Three reason why GM build cars in China:

China has lower labor costs. This is the main reason, a Chinese worker earns a lot less than an American worker, and this results in a substantial cost reduction for GM.

China has important economies of scale. The United States also has important economies of scale, but China may have the edge in some economic sectors.

Finally, the third reason is that China has very good infrastructure like trains, roads, and ports, and this facilitates the logistics for GM.

If the president wants GM to move production back in the US, GM could demand better infrastructure (labor costs cannot be lowered, and the economies of scale are already there), and perhaps other complementary incentives like corporate tax reductions, or even subsidies.

5 0

3 years ago

How a researcher knows what is topical within his or her subject and why it is important to know that

Novosadov [1.4K]

The research topic that the researcher finds is interesting and hence, he becomes anxious to complete the research work to add value to existing gap.

The research's "what," or the subject to be examined, is provided by the topic. The researcher can locate the research in the literature by defining and identifying the "what" of the study. The drive to pursue an interest is personally generated by curiosity. You can concentrate interest by concentrating on accuracy and clarity.

You must select one study topic that can be thoroughly studied. Clearly define your bounds. Take into account this illustration of topic concentration. Try this question instead of "I am interested in why children are not succeeding": "What effect does comprehending specialised academic language have on accomplishment in the natural sciences for third-grade Hispanic second-language learners?"

To learn more about topic in a research here,

brainly.com/question/10541763

#SPJ1

3 0

2 years ago

Gundy Company expects to produce 1,243,200 units of Product XX in 2020. Monthly production is expected to range from 79,000 to 1

a_sh-v [17]

Answer:

Gundy Company

Flexible Budget Report for the month of March, 2020:

Flexible Budget Actual Budget Variance

Direct materials $400,000 $425,000 $25,000 U

Direct labor $700,000 $695,000 $5,000 F

Overhead $1,000,000 $1,005,000 $5,000 U

Fixed Cost $632,000 $632,000 $0 None

Explanation:

a) Data and Calculations:

Expected production units for 2020 = 1,243,200

Monthly production range = 79,000 to 121,000

Budgeted variable manufacturing costs per unit are:

Direct materials $4

Direct labor $7

Overhead $10

Total variable cost $21

Budgeted fixed manufacturing costs per unit:

Depreciation $5

Supervision $3 $8

Total costs $29

Total fixed cost = 79,000 * $8 = $632,000

Actual costs incurred in March 2020:

Production units = 100,000

Direct materials = $425,000 ($4.25 per unit)

Direct labor = $695,000 ($6.95 per unit)

Variable overhead = $1,005,000 ($10.05 per unit)

Actual fixed costs = $632,000

Flexible Budget:

Direct materials $400,000 ($4 * 100,000)

Direct labor $700,000 ($7 * 100,000)

Overhead $1,000,000 ($10 * 100,000)

Fixed Cost $632,000

4 0

3 years ago

A stock market crash will cause Group of answer choices aggregate demand to decrease, which the Fed could offset by purchasing b

Zolol [24]

Answer:

A stock market crash will cause aggregate demand to decrease, which the Fed could offset by purchasing bonds.

Explanation:

A stock market crash happens when the prices of stocks fall generally and suddenly that investors are taken unawares. It triggers some reactions which further threatens the market overall and depresses aggregate demand. It also weakens investors' confidence, reduces productivity, consumption, and the ability of firms to fund their activities, and leads the economy to recession.

Stock market crashes are triggered by unexpected economic event, catastrophe, or crisis. For example, the collapse of Lehman brothers as a result of bankruptcy. They are further exacerbated by panic reactions, underlying economic underperformance, and investors' fear.

The Fed as the US central bank in charge of the monetary policy can try to stem the downward spiral caused by a stock market crash by purchasing bonds. This makes more money available in the economy for consumption.

Before the crash, the Fed can decide to bail out the institution, e.g. an airline or a financial institution, that could trigger a crash. But, most stock market crashes are not foreseen.

6 0

4 years ago