After a loan is sold in the secondary market, the originating lender may be required to repurchase the loan due to

An employee stealing company data could be an example of which kind of threat actor?.

vesna_86 [32]

It would be an example of an internal threat i believe

4 0

2 years ago

Which of the following modes of transportation would probably be the most energy efficient for traveling from New York to Los An

Anna11 [10]

D because many people are travelling together and the train can occasionally coast due to level travel and the greater the mass the more often the momentum

5 0

3 years ago

Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month.During June

Ksivusya [100]

Answer:

Each transaction leaves a different impact on each component of the accounting equation.

Explanation:

$60,000 is the owner's investment which is going to increase the equity

$15,000 worth of equipment will result in an increase in the owner's assets

Paying $1,500 will reduce the company's liabilities and also reduce current asset i.e. cash

Purchasing additional equipment for $10,000 will result in an increase in assets as the equipment will be coming to the business. On the other hand, it will also increase the company's liabilities as it is bought on credit.

The bill of $2,500 will increase assets

$8,000 bill will increase assets

Paying $6,000 for equipment will reduce cash and increase fixed assets.

Paying $3,000 cash as wages will reduce the amount of cash and eventually assets

Receiving $5,000 from the client will add more value to the assets

Paying $10,000 will reduce assets and liabilities.

Withdrawing $1,000 for personal use will adversely affect the equity

5 0

4 years ago

On January 1, 2012, Knapp Corporation acquired machinery at a cost of $750,000. Knapp adopted the double-declining balance metho

Kobotan [32]

Answer:

B .) $54,857

Explanation:

Depreciation rate using double reducing balance method is calculated as 10% divided by the number of years of useful life; this is then multiplied by 2. The depreciation is then calculated as the depreciation rate X Net Book Value of the asset

The depreciation rate for the first year = 100%/10 * 2 = 20%

2012

The depreciation expense = 20% X $750,000 = $150,000

The net book value at the end of the year = $750,000 - $ 150,000 = $600,000

2013

The depreciation expense = 20% X $600,000 = $120,000

The net book value at the end of the year = $600,000 - $ 120,000 = $480,000

2014

The depreciation expense = 20% X $480,000 = $96,000

The net book value at the end of the year = $480,000 - $ 96,000 = $384,000

2015

At the beginning of 2015, the method was changed to straight line method. In line with the International Standards of Accounting on change in accounting estimates (ISA 8), this change would be applied progressively i.e the remaining net book value would be divided over the remaining no of useful life to arrive at the year depreciation

As at the beginning of 2015, 3 years have passed. The remaining no of useful life is 7 years and the NBV is $384,000 as seen in the computation of NBV at the end of 2014

Depreciation = $384,000/7 = $54,857

4 0

3 years ago

How would a single person with a taxable income of $15,000.00 per year and a single person with a taxable income of $300,000.00

vova2212 [387]

Answer:

Would a person earning $15,000 per year and a person earning $300,000 per year be in the same federal tax bracket? ... No, because federal income tax is progressive. If single in 2014, the $15,000 would be in the 15% marginal bracket, the $300,000 would be in the 33% marginal bracket. When would you have to pay a gift tax?

Explanation:

8 0

3 years ago