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rusak2 [61]
3 years ago
5

Why should good investing be boring?

Business
1 answer:
xenn [34]3 years ago
4 0

Answer:

Good investing should be backed by history and science as opposed to over-ambitious, loophole-filled plots.

Explanation:

please give brainliest

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Incite co. has a 36 percent tax rate. its total interest payment for the year just ended was $35 million. what is the interest t
butalik [34]
<span>Tax shield is the saving in tax due to exemption of tax on interest expense = interest expense * tax rate = $35 million * 36% = $ 12.6 million</span>
4 0
3 years ago
Darlene Company had checks outstanding totaling $5,400 on its June bank reconciliation. In July, Darlene Company issued checks t
Pie

Answer:

b. $18,000

Explanation:

The computation of outstanding checks is shown below:-

Outstanding checks as of the end of July = Start with outstanding checks as of June + Amount of checks issued in July - Amount of checks that cleared in July

= $5,400 + $38,900 - $26,300

= $44,300 - $26,300

= $18,000

Note, The $300 check was issued by a customer, not Darlene.

So, for computing the outstanding checks as of the end of July we simply applied the above formula.

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3 years ago
Suppose management estimated the market valuation of some obsolete inventory at $99,000; this inventory was recorded at $120,000
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Answer:

a. An audit adjustment is needed since the best case scenario, where the net realizable value is highest would result in $92,000 - $5,000 = $87,000.

b. the value of inventory must decerase by $99,000 - $87,000 = $12,000, so COGS must increase by that amount:

Dr Cost of goods sold 12,000

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3 years ago
Fiona is a manager who believes in Theory Y of leadership. What does she assume about her employees according to this theory? A.
icang [17]

Answer:

A. she assumes that the employees are lazy and just throw in some random ideas when they have discussion meetings about their new product/service or an upgrade of the organisation's product/service. therefore since she assumes that they don't actually think to help give ideas, she decides that it is best to scold them when they aren't trying their best.

B. she assumes that her employees are responsible enough to find a way to keep themselves entertained while finishing their tasks.

C. she dosent trust her employees yet to let them take control without her being needed since she may assume that they aren't experienced enough or responsible enough to take huge responsibility yet.

D. she assumes that since they want to leave early all the time, they may not like their job very much and would want to get out of the company as soon as possible since there would be a chance that they would be stopped to help with extra work.

8 0
3 years ago
The following information about the payroll for the week ended December 30 was obtained from the records of Pharrell Co.:
hram777 [196]

Answer:

1) December 30, 202x, wages expense

Dr Wages expense 777,000

    Cr Federal income taxes withheld payable 135,975

    Cr OASDI taxes withheld payable 46,620

    Cr Medicare taxes withheld payable 11,655

    Cr Retirement savings (401k) payable 17,094

    Cr Group insurance payable 11,655

    Cr Wages payable 551,670

December 30, 202x, payroll tax expense

Dr OASDI taxes expense 46,620

Dr Medicare taxes expense 11,655

Dr FUTA taxes expense 240

Dr SUTA taxes expense 2,160

    Cr OASDI taxes payable 46,620

    Cr Medicare taxes payable 11,655

    Cr FUTA taxes payable 240

    Cr SUTA taxes payable 2,160

2) December 30, 202x, wages expense

Dr Wages expense 777,000

    Cr Federal income taxes withheld payable 135,975

    Cr OASDI taxes withheld payable 46,620

    Cr Medicare taxes withheld payable 11,655

    Cr Retirement savings (401k) payable 17,094

    Cr Group insurance payable 11,655

    Cr Wages payable 551,670

January 5, 202y, payroll tax expense

Dr OASDI taxes expense 46,620

Dr Medicare taxes expense 11,655

Dr FUTA taxes expense 4,662

Dr SUTA taxes expense 41,958

    Cr OASDI taxes payable 46,620

    Cr Medicare taxes payable 11,655

    Cr FUTA taxes payable 4,662

    Cr SUTA taxes payable 41,958

5 0
2 years ago
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