Answer:
(A) Accounts Payable - Liabilities
(D) Equipment - Assets
(E) Supplies - Assets
(F) Retained earning - Owner's Equity
(H) Cash - Assets
Explanation:
The major categories in a balance sheets are: Assets, Liabilities and Owner's Equity,
Assets are many things (as equipment, machinery, Receivables, etc) that belongs to the company, please see details in the answer.
Liabilities represent the obligations of the company with all kind of creditors.
And finally Owner's Equity it's the Capital that support part of the Assets along with the Liabilites.
a. tariff-----------------the government puts a high tax on sugar made in other countries.
A tariff is a tax forced on imported products and ventures. Tariffs are utilized to limit imports by expanding the cost of products and ventures bought from abroad and making them less alluring to buyers.
Tariffs can have unintended symptoms, be that as it may. They can make household ventures less proficient by decreasing rivalry. They can hurt local purchasers, since an absence of rivalry tends to push up costs.
b. quota-----------------the government limits the import of sugar from other countries
A quota is a legislature forced exchange limitation that restricts the number or fiscal estimation of merchandise that a nation can import or fare amid a specific period. Nations utilize quota in universal exchange to help control the volume of exchange amongst them and different nations. Nations here and there force them on particular merchandise to decrease imports and increment residential creation. In principle, amounts support local generation by limiting remote rivalry.
c. subsidy------------the government pays sugar farmers to keep sugar prices low.
A subsidy is an advantage given to an individual, business or foundation, for the most part by the administration. It is as a rule as a money installment or an expense decrease. The subsidy is regularly given to evacuate some kind of weight, and usually thought to be in the general enthusiasm of the general population, given to advance a social decent or a financial arrangement.
Answer:
C) $1,455.08
Explanation:
Formula = M = [P (1 + r)^n * r] / [(1 + r)^n - 1]
Putting the figures in the formula =
$70 = P [(1 + 0.142/12)^24 * 0.142/12 ] / [(1 + 0.142/12)^24 - 1]
=> $70 = P (1.326209535) * 0.142/12 / 0.326209535
=> $70 = P * 0.0156934795 / 0.326209535
=> P = $1455.08
So, the maximum initial purchase that Carla can buy on credit = $1455.08
Answer:
a tax-rate for 25% will make the investor be indifferent between there two bonds
Explanation:
The Municipal bonds are tax free. Therefore, do not pay the income tax for their interest.
We need to set and equation for the net yield of the bonds after tax, which equal the municipal bond:
debt after tax:
cost of debt ( 1 - t) = after-tax
we want to equalize 8% pre-tax with 6% after-tax
0.08 ( 1 - t ) = 0.06
t = 1 - 0.06/0.08 = 1 - 0.75 = 0.25 = 25%
a tax-rate for 25% will make the investor be indifferent between there two bonds
The code sets up guidelines for inspector autonomy, respectability and objectivity, obligations to customers and partners and acts discreditable to the bookkeeping calling. The AICPA is liable for drafting, updating and reissuing the code yearly, on June 1
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Explanation: </u>
The AICPA Code of Conduct depends on six standards namely,
- obligations
- serve the general population intrigue
- uprightness
- objectivity and freedom
- due care and
- degree and nature of administrations.
These standards are required practices for all guaranteed open bookkeepers who are individuals from the AICPA. The standards are the necessary conduct for bookkeepers and lay the basis for explicit principles of bookkeeping.
"The Principles of the Code… express the calling's acknowledgment of its duties to the general population, to customers, and to partners. They manage individuals in the presentation of their expert obligations and express the fundamental precepts of moral and expert direct. The Principles require an unswerving responsibility to fair conduct, even at the penance of individual bit of leeway." (Duska, Duska and Ragatz, 2011, pg. 80)
The nature and motivation behind the Code of Conduct is to give direction to bookkeeping experts in the lead of their expert issues. These standards were intended to give the calculated structure to explicit bookkeeping decides that all AICPA individuals must follow in their course of business. Bookkeepers have a moral duty to three principle gatherings; people in general, their customers, and partners.
The execution of the code begins with conduct. Bookkeepers must be eager to change their conduct to address the issues of these standards for the code to work appropriately. Responsibility – Accountants have an obligation to utilize proficient and moral judgement in all their activities. Serve people in general intrigue – Accountants must act such that serves the general population intrigue.
