Business, 08.04.2020 18:57 lanakay2006
Two years ago, gina loaned tom $50,000. tom signed a note the terms of which called for monthly payments of $2,000 plus 6% interest on the outstanding balance. last year, when the balance owing on the loan was $18,000, tom defaulted on the note. as of the end of last year, there appeared to be no reasonable prospect of gina recovering the $18,000. as a consequence, gina claimed the $18,000 as a nonbusiness bad debt. last year, gina had agi of a negative $6,000 which included $5,000 net long-term capital gains and $4,000 of qualified dividends. gina did not itemize her deductions. during the current year, tom paid gina $13,000 in final settlement of the loan. how should gina account for the payment in the current yea
Answers: 2
Business, 21.06.2019 21:30
In its 2016 annual report, caterpillar inc. reported the following (in millions): 2016 2015 sales $38,537 $47,011 cost of goods sold 28,309 33,546 as a percentage of sales, did caterpillar's gross profit increase or decrease during 2016? select one: a. gross profit increased from 26.8% to 28.6% b. gross profit decreased from 28.6% to 26.5% c. gross profit increased from 71.4% to 73.2% d. gross profit decreased from 73.2% to 71.4% e. there is not enough information to answer the question.
Answers: 2
Business, 22.06.2019 20:20
Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.
Answers: 2
Business, 22.06.2019 21:40
The farmer's market just paid an annual dividend of $5 on its stock. the growth rate in dividends is expected to be a constant 5 percent per year indefinitely. investors require a 13 percent return on the stock for the first 3 years, a 9 percent return for the next 3 years, a 7 percent return thereafter. what is the current price per share? select one: a. $212.40 b. $220.54 c. $223.09 d. $226.84 e. $227.50 previous pagenext page
Answers: 2
Business, 22.06.2019 23:00
Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is:
Answers: 1
Two years ago, gina loaned tom $50,000. tom signed a note the terms of which called for monthly paym...
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