Answer: a. it is for a public purpose.
Explanation:
According to the Modern Traditional theory on compensation which deals with the seizure of foreign-owned property by the government of the nation in which the property is located, the sovereign authorities may nationalize foreign-owned property if it is deemed to be for public use.
If the government has shown that nationalization is for the good of the nation, the theory espouses that it is allowed. They would however have to provide adequate compensation to those whom the property was seized from.
Given an expected market return of 12.0%, a beta of 0.75 for Benson Industries, and a risk-free rate of 4.0%, what is the expected return for Benson Industries?
Answer:
Re = 10%
Explanation:
using the CAPM formula, the cost of equity is:
Re = risk free + (beta x market premium)
risk free = 4%market premium = market return - risk free = 12% - 4% = 8%beta = 0.75Re = 4% + ((0.75 x 8%) = 10%
Since the beta is lower than 1, this stock is less volatile than the market, that is why the required rate of return is lower than the market return.
The Mixing Department’s output during the period consists of 20,000 units completed and transferred out, and 5,000 units in ending work in process 60% complete as to materials and conversion costs. Beginning inventory is 1,000 units, 40% complete as to materials and conversion costs. Assuming the weighted-average method, the equivalent units of production are
Answer:
Materials = 23,000 units
Conversion Costs = 23,000 units
Explanation:
Note that the weighted-average method is being used to calculate the equivalent units.
Using this method, we are interested only in calculating equivalent units in units that were completed and transferred and units of ending work in process.
Calculation of equivalent units of production for Materials and Conversion Costs.
Materials
Completed and transferred (20,000 units × 100%) 20,000
Ending Work In Process (5,000 units × 60%) 3,000
Equivalent units 23,000
Conversion Cost
Completed and transferred (20,000 units × 100%) 20,000
Ending Work In Process (5,000 units × 60%) 3,000
Equivalent units 23,000
The process by which management allocates available investment funds among competing investment proposals is called
Answer: capital rationing
Explanation:
Capital rationing is the process by which management allocates available investment funds among competing investment proposals.
Capital rationing is a strategy that is used by a company so that such company can limit the number of projects that it can do at a particular time.
A building acquired at the beginning of the year at a cost of $1,450,000 has an estimated residual value of $300,000 and an estimated useful life of 10 years. Determine the following. (a) The depreciable cost $fill in the blank 1 (b) The straight-line rate fill in the blank 2 % (c) The annual straight-line depreciation
Answer:
(a) The depreciable cost
depreciable cost = purchase cost - salvage value = $1,450,000 - $300,000 = $1,150,000
(b) The straight-line rate
straight line depreciation rate = 100% / useful life = 100% / 10 years = 10% per year
(c) The annual straight-line depreciation
annual straight line depreciation expense = depreciable value x deprecation rate = $1,150,000 x 10% = $115,000
Pharsalus Inc. just paid a dividend (i.e., D0) of $ 2.69 per share. This dividend is expected to grow at a rate of 3.8 percent per year forever. The appropriate discount rate for Pharsalus's stock is 14.3 percent. What is the price of the stock
Answer:
P0 = $26.5925 rounded off to $26.59
Explanation:
Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D0 * (1+g) / (r - g)
Where,
D0 is the dividend paid recently
D0 * (1+g) is dividend expected for the next period /year
g is the growth rate
r is the required rate of return or cost of equity
P0 = 2.69 * (1+0.038) / (0.143 - 0.038)
P0 = $26.5925 rounded off to $26.59
Explain what is meant by the phrase “ethical behavior”.
Answer:
Something is ethical if it does not cause harm and society considers it to be good.
Explanation:
A company bought new heating system for $64,000 and was given a trade-in of $3,400 on an old heating system, so the company paid $60,600 cash with the trade-in. The old system had an original cost of $57,800 and accumulated depreciation of $52,200. If the transaction has commercial substance, the company should record the new heating system at:
Answer:
$64,000
Explanation:
The Cost price of the item Acquired is measured at fair value. When the Fair Value of Both the Asset Acquired and Asset given up can be determined reliably, the fair value of the asset given up will be used. Unless, the fair value of the asset acquired is more evident, that value may be used.
Measurement of New Heating System :
Cash $60,600
Add Trade In Value $3,400
Total $64,000
On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows:
January 1, 2018 $334,000
September 1, 2018 $498,000
December 31, 2018 $498,000
March 31, 2019 $498,000
September 30, 2019 $334,000
Dreamworld had $6,600,000 in 12% bonds outstanding through both years. Dreamworld's average accumulated expenditures for 2018 was:________
a. 500,000
b. 668,000
c. 583,500
d. 334,000
Answer:
$500,000
Explanation:
weighted accumulated expenditures:
January 1, 2018 = $334,000 x 12/12 = $334,000
September 1, 2018 = $498,000 x 4/12 = $166,000
December 31, 2018 = $498,000 x 0/12 = $0
total weighted accumulated expenditures = $500,000
Weighted accumulated expenditures are used to calculate capitalized interests, which would equal = $500,000 x 12% = $60,000.
With $5,100,000 Paul's will creates a trust with the following provisions: life estate to Jacob (Paul's son) and remainder to Anastasia (Paul's granddaughter and Jacob's daughter). Jacob dies when the value of the trust is $7,650,000.
Required:
When does the generation-skipping transfer result?
Answer:
The generation-skipping transfer results in the lifetime of Anastasia (Paul's granddaughter and Jacob's daughter).
Explanation:
a) Data:
Value of the Generation-skipping Trust created by Paul = $5,100,000
Value of the Generation-skipping Trust when Jacob dies = $7,650,000
b) Paul's generation-skipping trust (GST) is a type of legally binding trust agreement in which the contributed assets worth $5,100,000 in this instance are passed down to Paul's grandchildren and Jacob's children (Anastasia) when they are worth $7,650,000. This "skipping" skips the next generation, that is, Paul's children (Jacob).
A store uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and a standard deviation of 300. Store A purchases the product for $10 each unit and sells each for $25. Inventory is salvaged for $5. What is the optimal quantity the store should order of its product
Answer:
702.20
Explanation:
Optimal order quantity Q = D+ z σ
Where D is the average demand = 500 units
And σ is the standard deviation of demand = 300
Cu = Cost of stock-out (underestimation) = Selling price – unit cost = $25 -$10 = $15
Co = Cost of excess inventory (overestimation) = Unit cost – Salvage Value = $10 – $5 = $5
Therefore Service level = Cu / (Cu + Co)
= $15/ ($15 + $5)
= 0.75 or 75%
For service level 75% the Z value = 0.674
Therefore, Q = 500+0.674*300 = 702.20
The DuPont formula is: Select one: A. Return on Assets x Asset Turnover (Asset Utilization) B. Profit Margin (Return on Sales) x Asset Turnover (Asset Utilization) C. Return on Equity x Debt-to-Equity Ratio D. Return on Investment x Debt-to-Equity Ratio E. None of the above
Answer:
B. Profit Margin (Return on Sales) x Asset Turnover (Asset Utilization)
Explanation:
The DuPont formula is Profit Margin (Return on Sales) x Asset Turnover (Asset Utilization). Under Du Pont Analysis, ROI (Return on assets ) = Profit Margin * Assets turnover
Suppose that this year's money supply is $600 billion, nominal GDP is $15 trillion, and reel GDP is $3 trillion.
The price level is_______ and the velocity of money is__________
Suppose that velocity is constant and the economy's output of goods and services rises by 3 percent each year. Use this information to answer the questions follow.
If the Fed keeps the money supply constant, the price level Will ________ , and nominal GDP Will___________
If the Fed wants to keep the price level stable instead, it should increase the money supply by 3% next year.
a. True
b. False
If the Fed wants an inflation rate of 11 percent instead, it should_________ the money supply by________
Answer:
1. Price level:
Nominal GDP = Price * Real GDP
15 trillion = Price * 3 trillion
Price = 15/3
Price = $5
Velocity:
Money supply * Velocity = Price level * Real GDP
0.6 trillion * Velocity = 5 * 3 trillion
Velocity = 15 trillion / 0.6
=25
_________________________________________________________
2. Suppose that velocity is constant and the economy's output of goods and services rises by 3 percent each year:
If the Fed keeps the money supply constant, the price level will DECREASE BY 3% , and nominal GDP will REMAIN THE SAME.
Money supply constant:
% change in money supply + %change in velocity = %change in price + %change in real GDP
%change in price = % change in money supply + %change in velocity - %change in real GDP
= 0 + 0 - 3%
= -3%
3. If the Fed wants to keep the price level stable instead, it should increase the money supply by 3% next year. TRUE.
_________________________________________________________
Suppose that velocity is constant and the economy's output of goods and services rises by 3 percent each year:
4. If the Fed wants an inflation rate of 11 percent instead, it should INCREASE the money supply by 14%.
Price level change = 11%
%change in price = % change in money supply + %change in velocity - %change in real GDP
11% = % change in money supply + 0% - 3%
% change in money supply = 11% + 3%
= 14%
The price level will be $5 and the velocity of money will be 25.
Based on the information given, the price level will be:
= Nominal GDP / Real GDP
= $15 trillion / $3 trillion
= $5
The velocity of money will be:
= (5 × 3 trillion) / 0.6 trillion
= 15 trillion / 0.6 trillion.
= 25
It should be noted that when the Fed keeps the money supply constant, then the price level will reduce by 3% and the nominal GDP will remain the same.
Therefore, if the Fed wants to keep the price level stable, it should increase the money supply by 3% next year.
If the Fed wants an inflation rate of 11 percent instead, it should increase the money supply by 14%. This was calculated as:
Change in money supply = 11% + 3% = 14%
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Multiple Choice Question 74 Crane Company prepared a fixed budget of 40000 direct labor hours, with estimated overhead costs of $200000 for variable overhead and $90000 for fixed overhead. Crane then prepared a flexible budget at 37000 labor hours. How much is total overhead costs at this level of activity
Answer:
$275,000
Explanation:
Please refer to the below for the computation of the total overhead cost
= Variable overhead cost + Fixed overhead cost
Where,
Variable overhead costs
= (Total estimated overhead cost ÷ Fixed direct labor hours) × Flexible budget labor hours
= ($200,000 ÷ 40,000) × 37,000
= $185,000
Recall that the fixed overhead cost is $90,000
Therefore,
Total overhead cost = $185,000 + $90,000
Total overhead cost = $275,000
The theory of constraints is a manufacturing strategy that focuses on reducing the influence of bottlenecks on a process. True False
Answer: True
Explanation:
The theory of constraints (TOC) is a manufacturing strategy that focuses on reducing the influence of bottlenecks on processes involved in production of goods and seevices.
According to the theory if constraint, constraints affects the performance of firms and thus brings about a reduction in capacity and also the production of the product.
Therefore, the answer is true.
34. Universal Containers has made a decision to switch monthly sales performance reviews to quarterly sales reviews. Which feature of Collaborative Forecasts allows a System Administrator to ensure that Salesforce Collaborative Forecasting matches the company's new quarterly sales performance review?
Answer: Configure Forecast Types
Explanation:
The options include:
a)Enable Forecast Rollups
b)Configure Default Forecast Display
c)Enable Forecast Adjustments
d) Configure Forecast Types
A forecast type is a forecast which is configured in such a way that a particular type of data would be used such as overlay splits, product families, standard opportunity fields, opportunity splits, etc.
The revenue, measurement or quantity is being specified for every forecast. Therefore, a feature of Collaborative Forecasts allows a System Administrator to ensure that Salesforce Collaborative Forecasting matches the company's new quarterly sales performance review is called Configure Forecast Type.
how much will a firm receive in net funding from a firm commitment underwriting of 250000 shares priced to the public at 40 if a 10% underwriting spread has been added to the price paid by the underwriter. additionally the firm pays 600000 in legal fees
Answer: $8,490,909
Explanation:
10% was added to the $40. Price firm will receive is therefore;
= 40/ 1.10
= $36.36
The firm will receive;
= (Price * number of shares) - legal fees
= (36.36 * 250,000) - 600,000
= $8,490,909.09
= $8,490,909
Hickenlooper Company retired a $900,000, 7% bond issue at 98. If the unamortized discount is $7,200, the entry will include a:
a. Debit to loss on bond retirement for $7,200
b. Credit to gain on bond retirement for $7,200
c. Debit to loss on bond retirement for $10,800
d. Credit to gain on bond retirement for $10,800
Answer:
d.Credit to gain on bond retirement for $10,800
Explanation:
Based on the information given we were told that the Company retired the amount of $900,000 which includes 7% bond issue at 98 which means that If the unamortized discount is $7,200, the journal entry will include a:Credit to gain on bond retirement for $10,800 calculated as
Dr bond payable $900,000
Cr Gain on retirement $10,800
[($900,000-$882,000)-($7,200)]
Cr Discount on Bond $7,200
Cr Cash $882,000
(98%*9/$900,000)
The company retirement refers to the phase of the firm when the firm permanently chooses to leave the operation and functioning of the market.
The correct answer is d. Credit to gain on bond retirement for $10,800
The Company retired the amount of $900,000 which includes a 7% bond issue at 98 which means that If the unamortized discount is $7,200, the journal entry will be:
Credit to gain on bond retirement for $10,800bond payable $900,000 (Dr)
Gain on retirement $10,800 (Cr)
Discount on Bond $7,200 (Cr)
Cash $882,000 (Cr)
(Being entry of retirement of the bonds of the company)
Gain on retirement= ($900,000-$882,000)-($7,200)
Cash= [tex]\begin{aligned}(98\%\times\frac{9}{900000})\end{aligned}[/tex]
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In normal times, the general equilibrium multiplier is__________ than the partial equilibrium multiplier because the increase in equilibrium inflation causes the real interest rate to __________, which affects private consumption and investment.
a. higher, decrease
b. smaller, decrease
c. higher, increase
d. smaller, increase
Answer:
B. smaller, decrease
Explanation:
First calculate the equilibrium constant:
Kc = [CO] [H2O] / [CO2] [H2] = (0.050) (0.040) / (0.086) (0.045) = 0.517.
By adding more CO2, the equilibrium will shift to the right, so both CO2 and H2 will lose x, and both CO and H2O will gain x. The new equilibrium expression is:
0.517 = (0.050+x) (0.040+x) / (0.25-x) (0.045-x)
Now rearrange to quadratic form (this takes some work):
0.483x² + 0.242x - 0.00381 = 0
Solving, using the quadratic formula, x = 0.0153 is the only positive root. Now we can calculate the new equilibrium concentrations:
[CO2] = 0.25 - 0.0153 = 0.235 M
[H2] = 0.045 - 0.0153 = 0.0297 M
[CO] = 0.050 + 0.0153 = 0.0653 M
[H2O] = 0.040 + 0.0153 = 0.0553 M.
If these new concentrations are replaced into the equilibrium expression, the original Kc is obtained, so the answers check.
g To decrease the money supply, the Fed could Group of answer choices All of the above are correct. increase the discount rate. sell government bonds. increase the reserve requirement.
Answer:
All of the above are correct
Explanation:
When central banks or the Federal Reserve wants to control money supply in the economy it uses various tools that either mop up or increase money supply to the economy.
An increase in discount rate results in high interest rate of borrowing by commercial banks from the Federal Reserve. Cost of borrowing nos increased so money supply reduces.
Selling of government bonds is used to reduce cash in circulation. As investors buy the bonds money is moved from the economy to the Federal Reserve.
Reserve requirement is the amount of cash that commercial banks are required to keep with the Reserve. An increase in this means commercial banks have less to give to its customers
Choose an organization and identify an area in which it needs to communicate a change. What type of change agent and change model needs to be implemented
The correct answer to this open question is the following.
Choose an organization and identify an area in which it needs to communicate a change. The area that needs change is Human Resources of the main plastic fabric located in my community.
The type of change agent is one-on.one meeting managed by the Human Resources manager.
The change model that needs to be implemented would be the "John Kotter 8 step change model."
This interesting model invites managers to create a sense of urgency, get all the employees to believe in the change, to implement it successfully.
The model had to be established from the top of the organizational hierarchy so it can be valid and implemented from the top to the bottom of the organization. Top management is the first to set the example of the changes that should be implemented so employees can see that the "bosses" are the first ones to assume the role of change.
Luke is an ordained minister. Luke's salary from his employing church last year was $31,000. The church did not designate any of his salary as housing allowance. Luke spent $10,000 to rent his home last year. How much of Luke's salary must be included when figuring net income for self-employment tax
Answer
$31,000
Explanation:
(c) $31,000
Explanation:
As per IRS for Earnings of Clergy, A licensed, commissioned, or ordained minister who performs ministerial services as an employee may be able to exclude from gross income the fair rental value of a home provided as part of compensation (a parsonage) or a housing allowance provided as compensation if it is used to rent or otherwise provide a home. In order to be able to exclude the housing allowance from income, the minister's employing organization must officially designate the housing allowance as such before paying it to the minister.The fair rental value of a parsonage or the housing allowance is excludable only for income tax purposes, and not for Self-employment tax purpose.
In the given case, the church did not designate any of Luke's salaries as a housing allowance. Hence it is not deductible from Gross Income for Income Tax Purposes and irrespective of designation or not, it is not deductible for self-employment tax.
Thus, Full salary of Luke i.e $31,000 must be included when figuring net income for self-employment tax.
$31,000 of Luke's salary must be included when figuring net income for self-employment tax.
What do you mean by Allowance?Allowance is the quantity of something that is authorized, particularly within a set of rules or for a specific purpose.
A licensed, commissioned, or ordained minister may be able to exclude from gross income the fair rental value of a home provided as part of compensation (a parsonage) or a housing allowance provided as compensation if it is used to rent or otherwise provide a home, according to IRS for Earnings of Clergy. Before distributing the housing allowance to the minister, the minister's employing organization must formally designate the housing allowance as an exclusion from income. Only for income taxes, not for self-employment taxes, is the fair rental value of a parsonage or the housing allowance excludable.
The church did not designate any of Luke's wages in the specific instance as a housing allowance. For income tax purposes, it cannot be deducted from gross income, and regardless of designation, it cannot be deducted from self-employment tax.
Therefore, when calculating net income for self-employment tax, Luke's full salary of $31,000 must be taken into account.
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The balance in Accounts Receivable at the beginning of the year amounted to $2,720. During the year, $9,120 of credit sales were made to customers. If the ending balance in Accounts Receivable amounted to $1,760, and uncollectible accounts expense amounted to $740, what is the amount of cash inflow from customers that would appear in the operating activities section of the cash flow statement
Answer:
$9340
Explanation:
The amount of cash received from customers to be shown under operating activities is computed using the below formula:
Cash from customers=credit sales+decrease in accounts receivable-uncollectible accounts expense
credit sales=$9,120
decrease in accounts receivable=$2,720-$1,760=$960
uncollectible accounts expense=$740
cash received from customers=$9,120+$960-$740
cash received from customers=$9340
Moss exchanges a warehouse for a building he will use as an office building. The adjusted basis of the warehouse is $ 600,000 and the fair market value of the office building is $360,000. In addition, Moss receives cash of $ 150,000. What is the recognized gain or loss and the basis of the office building
Answer:
Moss
The recognized loss and the basis of the office building are:
Recognized loss = $90,000
Basis of office building = $360,000
Explanation:
a) Data and Calculations:
Adjusted basis of warehouse = $600,000
Fair market value of the office building = $360,000
Cash received in exchange = $150,000
Total value of assets received in exchange of the warehouse = $510,000 ($360,000 + $150,000)
Recognized loss = $90,000 ($600,000 - $510,000).
b) From the above transactions, Moss will recognize a loss of $90,000. This is the difference between the adjusted basis of the warehouse and the fair market value of the office building and the cash that Moss received in exchange for the warehouse.
A financial analyst discovers that Stark Industries has been inappropriately capitalising R&D costs in each year and amortizing them completely over a three-year period on a straight-line basis, beginning in the year after the cost was incurred. A total of $24m, $30m and $36m was inappropriately capitalised for fiscal years 2017, 2018 and 2019, respectively. At the financial year end of 30 June 2019, it had total assets of $280m. Net income was $20m for fiscal 2019. Ignore tax effects for this question.
Required:
a. Compute the amount of total asset and expense misstatement (over or understatement) in each period and provide your answer in the boxes provided below. Show all workings in the spaces provided.
b. Which other account(s), if any, will be mis-stated as a result of the above accounting treatment at the end of fiscal 2019?
c. Prepare the journal entries for correcting the misstatements that arise from the inappropriate capitalisation of R&D at the end of fiscal 2019. Note: Extra space for the journal entries has been provided below
Answer:
a. Amount of total asset overstatement and expense understatement:
Total Asset and Expense Misstatements:
Assets Expenses
Overstatement Understatement
2017 $24m ($24m -$0) $24m
2018 $46m (24 -8 + 30)m $22m ($30m- $8m)
2019 $64m (46 -18 + 36)m $18m ($36m - $18m)
b. The Retained Earnings account will be misstated as a result of the above accounting treatment at the end of fiscal 2019.
c. Journal Entries:
June 30, 2019:
Debit R&D expense $82m
Credit Total assets $64m
Credit Amortization Expense $18m
To correct the R&D amortization and inappropriate capitalization.
Explanation:
a) Data and Calculations:
Amortization R&D Amount
Expense Costs Capitalized
2017 $0 $24m $24m ($24m - $0)
2018 $8m $30m $46m ($24m - $8m + $30m)
2019 $18m $36m $64m ($46m - $18m + $36m)
Calculation of amortization expenses:
2017 R&D costs = $24m/3 = $8m
2018 R&D costs = $30m/3 = $10m
2019 R&D costs = $36m/3 =$12m
30 June 2019:
Total assets = $280m
Net income = $20m
Sharon made a $160,000 interest-free loan to her son, Todd, who used the money to pay for his masters at Baruch. Todd’s only sources of income were $25,000 from a florist business he runs part time and $490 of interest on his checking account. The relevant Federal interest rate was 5%. Based on the above information:_____
a. Todd's business net profit will be reducod by $3,000 (0S x $60,000) of interest expense.
b. Sharon must recognize $3,000 (0.05 x $60,000) of imputed interest income on the below- market loan.
c. Todd's gross income must be increased by the $3,000 (05 × $60.000) imputed interest income on the below market loan.
d. Sharon does not recognize any imputed interest income and Todd does not recognize any imputed interest expense.
e. None of the above is correet.
Answer:
b. Sharon must recognize $3,000 (0.05 x $60,000) of imputed interest income on the below- market loan.
Explanation:
When a family member makes an interest free loan, the IRS will calculate imputed interest, and that is generally considered a gift. When someone makes a gift, they are responsible for paying any applicable taxes.
In this case, Sharon will have to pay gift taxed for the imputed interest resulting form the loan.
Latiker, Inc., manufactures and sells two products: Product Y9 and Product W0. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below:
Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours
Product Y9 100 8 800
Product W0 100 10 1,000
Total direct labor-hours 1,800
The direct labor rate is $15.40 per DLH. The direct materials cost per unit for each product is given below:
Direct Materials Cost per Unit
Product Y9 $253.00
Product W0 $278.80
The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Activity Cost Pools Activity Measures Overhead Cost Product Y9 Product W0 Total
Labor-related DLHs $61,488 800 1,000 1,800
Machine setups setups 50,687 400 300 700
Order size MHs 155,754 5,000 5,200 10,200
$267,929
The activity rate for the Machine Setups activity cost pool under activity-based costing is closest to:
a. $31.15 per setup
b. $26.27 per setup
c. $29.95 per setup
d. $72.41 per setup
Answer: $72.41 per setups
Explanation:
The activity rate for the machine setups activity cost pool under activity-based costing would be calculated as the estimated overhead cost divided by the total expected activity. This will be:
= 50687/700
= $72.41 per setups
Therefore, the answer is $72.41 per setups.
The Fed has conducted expansionary monetary policy to combat a recession but is running up against the zero lower bound, and the economy is still not recovering. What other steps could the government take to try to stabilize the economy
Answer: Employ various monetary policy tools in order to reduce unemployment rates and inflate prices.
Explanation:
The Fed would need to employ various monetary policy tools in order to reduce unemployment rates and inflate prices. The tools needed for this are open market asset purchases, reserve regulation, discount lending and forward guidance on how to manage market expectations.
A reference number used by advertisers that is obtained by multiplying reach (expressed as a percentage of the total market) by frequency is referred to as
Answer:
gross rating points (GRPs).
Explanation:
A Gross rating point is the point that represents the impact of the advertising. It can be determined in a percentage form by multiplying the target market with the frequency.
Let us take an example
Let suppose 30% represents the target market
And, there is a frequency of 4
So here the gross rating point is
= 30% × 4
= 120
Therefore the given situation represents the gross rating point.
Near the end of 2020, Byron realizes that he has a net short-term capital loss of $13,000 for the year. Byron has taxable income (not including the loss) of $123,000 and is single. He owns numerous stocks that could be sold for a long-term capital gain. What should he do before the end of 2020
Answer:
Byron should sell stock at gain of ($13,000 - $3,000) $10,000
Explanation:
Given:
Net short-term capital loss = $13,000
Taxable income = $123,000
Computation:
Byron is single and Byron can be deduct $3,000 as capital loss.
Byron should sell stock at gain of ($13,000 - $3,000) $10,000
According to Carol Stack in All Our Kin (cited in Guest) the Black families of "The Flats" in Chicago create extensive kinship networks based on reciprocity to survive scarce resources and other threats to survival.
a. True
b. False
Answer:
a. True
Explanation:
Black families all over the world embark and rely on and recognize extensive kinship. This practice helps them to survive when there are scarce resources. It also helps to overcome the other survival threats. In "The Flats" in Chicago as captured by Carol Stack in her dissertation, just as in all African societies, kinship is very pivotal to life and survival. People rely on their kins to climb the social ladder and to get out of poverty. The concept of "Boyerism" survives today based on kinship. This new cultural trend has ensured that boys from poor backgrounds transform their misfortune to fortune within six years.
