1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RoseWind [281]
3 years ago
12

" Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has ca

sh on hand of $20,000 contributed by Lanni's owners. For each of the following transactions, identify the real and/or financial assets that trade hands. Are any financial assets created or destroyed in the transaction?
a. Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over three years.
b. Lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software.
c. Lanni sells the software product to Microsoft, which will market it to the public under the Microsoft name. Lanni accepts payment in the form of 1,500 shares of Microsoft stock.
d. Lanni sells the shares of stock for $80 per share and uses part of the proceeds to pay off the bank loan."
Business
1 answer:
Gre4nikov [31]3 years ago
5 0

Answer:

A) Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over three years.  FINANCIAL ASSET CREATED: when the loan was received, a financial asset was created. Money is exchanged for a promissory note.

B) Lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software.  REAL ASSET CREATED: when the software was developed, a real asset was created. Money was invested in developing the software.

C) Lanni sells the software product to Microsoft, which will market it to the public under the Microsoft name. Lanni accepts payment in the form of 1,500 shares of Microsoft stock.  FINANCIAL ASSET CREATED: when the software was traded, a financial asset was created. A real asset was traded in exchange for financial assets.

D) Lanni sells the shares of stock for $80 per share and uses part of the proceeds to pay off the bank loan." FINANCIAL ASSET DESTROYED: when the loan is paid back, the financial asset (loan) ceases to exist. When the money is paid back to the bank, the loan and the promissory note cease to exist.

You might be interested in
During a strike by the United Steelworkers of America in 2010, Honeywell claimed that the union left nails in the plant parking
Snowcat [4.5K]

Answer:

injunction

Explanation:

  • A prohibition is a legal and equitable remed in the form of a special court order that compels the party to commit or reject certain action. "When a court appoints an extraordinary injunction, it sets forth the conduct of one party and does so with the support of its full powers."
  • A party who fails to comply with the ban will face criminal or civil penalties, including criminal sanctions and imprisonment. He can also be charged in a contempt of court case.
  • These are the situations where you can ask the criminal party to stop doing things that hurt and hurt you. However, there are cases where asking does not solve the problem. In such a case, you may want to go to court and ask the judge to intervene in the situation and to treat the offending party as problematic. To do this, you file an injunction.
6 0
3 years ago
The desired reserve ratio is 10 percent of deposits, and the currency drain ratio is 1 percent of deposits.
Flauer [41]

Answer:

Quantity of money changes by $50,000,000

Explanation:

Desired reserve ratio = 10% = 0.1

Currency drain ratio = 1% = 0.01

Money multiplier = (1+0.1) / (0.1+0.01) = 1.1/ 0.11 = 10

Value of securities purchased = $5 million

Change in quantity of money :

$5 million * 10 = $50 million

Currency created : currency drain ratio * change in quantity of money

0.01 * $50,000,000 = $500,000

Amount of bank deposit = quantity change - currency created

= $50,000,000 - $500,000 = $4,500,000

4 0
3 years ago
Exercise 14-27 (Algorithmic) (LO. 3) On May 9, 2020, Glenna purchases 500 shares of Ignaz Company stock for $14,400. On June 30,
mars1129 [50]

Answer: uh huh, this my sh

All the girls stomp your feet like this

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

I heard that you were talking sh

And you didn't think that I would hear it

People hear you talking like that

Getting everybody fired up

So I'm ready to attack, gonna lead the pack

Gonna get a touchdown, gonna take you out

That's right, put your pom-poms downs

Getting everybody fired up

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

So that's right dude, meet me at the bleachers

No principals, no student-teachers

Both of us want to be the winner, but there can only be one

So I'm gonna fight, gonna give it my all

Gonna make you fall, gonna sock it to you

That's right I'm the last one standing, another one bites the dust

Few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Let me hear you say, this sh is bananas

B-A-N-A-N-A-S

This sh is bananas

B-A-N-A-N-A-S

Again, the sh is bananas

B-A-N-A-N-A-S

This sh is bananas

B-A-N-A-N-A-S

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

5 0
3 years ago
CalcuCo hired Effner & Associates to design a new computer-aided manufacturing facility. The new facility was designed to pr
andriy [413]

Answer:

$953 per unit

Explanation:

For computing the average cost per unit first we have to determine the operating capacity at 85% after that the total cost which is shown below:

Operating capacity at 85% is

= 300 computers × 85%

= 255 computers

Now the total cost is

= Variable cost + Fixed cost

where,

Variable cost is

= $660 × 255 computers

= $168,300

And, the fixed cost is $74,700

So, the total cost is

= $168,300 + $74,700

= $243,000

Now the average cost per unit is

= $243,000 ÷ 255 computers

= $953 per unit

6 0
3 years ago
g Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized
sweet [91]

Answer:

Please see details below:

Explanation:

Sales  $16.540  

Salaries Expenses  -$7.740

Miscellaneous Expenses -$5.820  

Net Income       $2.980  

Dividends  2.830  

Retained Earnings $150.

Balance Sheets

Assets  

Cash  $8.990  

Accounts Receivable  $16.540  

Equipment  $22.590  

Land  $45.980  

TOTAL ASSETS   $94.100  

Liabilities  

Accounts Payable    $9.170

TOTAL LIABILITIES   9.170  

Equity  

Common Stock   $84.780  

Retained Earnings  $ 150  

TOTAL EQUITY   84.930  

 

6 0
3 years ago
Other questions:
  • Tracy, age 22, is riding the city bus home after her evening college class. A mother with a young child gets on the bus and beca
    15·1 answer
  • Which element of the Word window allows a user to see the size percentage, number of pages, and number of words in the document?
    13·2 answers
  • A married couple purchased their residence 5 years ago for $500,000. For 3 of the last 5 years, they rented out the property for
    8·1 answer
  • Cullumber Industries incurs unit costs of $8 ($5 variable and $3 fixed) in making an assembly part for its finished product. A s
    9·1 answer
  • Ichor Co. reported equipment with an original cost of $379,000 and $344,000 and accumulated depreciation of $153,000 and $128,00
    11·1 answer
  • Ricardo reprimanded five of his employees for coming to work drunk after a lunch outing. The next week, Ricardo fired another em
    14·1 answer
  • In the Keynesian-cross model, fiscal policy has a multiplied effect on income because fiscal policy: changes income, which chang
    14·2 answers
  • Lang Warehouses borrowed $178,960 from a bank and signed a note requiring 8 annual payments of $28,819 beginning one year from t
    15·1 answer
  • ​Inflation, nominal interest​ rates, and real rates. From 1991 to​ 2000, the U.S. economy had an annual inflation rate of around
    9·1 answer
  • Cozelle, Inc., purchased inventory costing $125,000 and sold 80% of the goods for $200,000. All purchases and sales were on acco
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!