Questions
Calculate the future value of $9,000 in a. four years at an interest rate of 10%...

Calculate the future value of $9,000 in a. four years at an interest rate of 10% per year. b. eight years at an interest rate of 10% per year. c. four years at an interest rate 20% of per year. d. Why is the amount of interest earned in part ​(a​) less than half the amount of interest earned in part ​(b​)?

In: Finance

What do you pay taxes on? Suppose you earned $20,000 and paid 10% tax on the...

What do you pay taxes on? Suppose you earned $20,000 and paid 10% tax on the first $10,000 and 20% on all the money you earned above $10,000. What would by your total tax (as a dollar amount)? What would be your average tax (as a %)? What would be your marginal tax (tax on last dollar)?

In: Finance

For citizens domiciled in community property states, which of the following statements is correct? A. Any...

For citizens domiciled in community property states, which of the following statements is correct?

A. Any income earned during marriage is deemed to be one-half earned by each spouse.

B. Commingled property does not lose identity.

C. Community property is owned 100% by each spouse.

D. Property owned separately cannot be kept separate.

In: Accounting

If ending accounts receivable exceeds the beginning accounts receivable: A. cash collections during-the period exceed the...

If ending accounts receivable exceeds the beginning accounts receivable:


A. cash collections during-the period exceed the amount of revenue earned.
B. net Income for the period is less than the amount of cash basis income.
C. no cash was collected during the period.
D. cash collections during the year are less than the amount of revenue earned.

In: Accounting

Calculate the future value of $ 9,000 in a. 5 years at an interest rate of...

Calculate the future value of $ 9,000 in

a. 5 years at an interest rate of 5 % per year.

b. 10 years at an interest rate of 5 % per year.

c. 5 years at an interest rate of 10 % per year.

d. Why is the amount of interest earned in part ​(a​) less than half the amount of interest earned in part ​(b​)?

In: Finance

Calculate the future value of$3,000 in a.Four years at an interest rate of 5 % per...

Calculate the future value of$3,000 in

a.Four years at an interest rate of 5 % per year.

b.Eight years at an interest rate of 5% per year.

c. Four years at an interest rate of 10% per year.

d. Why is the amount of interest earned in part ​(a​) less than half the amount of interest earned in part

​(b​)?

In: Finance

Required information Problem 9-5A Computing and analyzing times interest earned LO A1 [The following information applies...

Required information Problem 9-5A Computing and analyzing times interest earned LO A1 [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income taxes). Miller Company Sales $ 1,000,000 Variable expenses (80%) 800,000 Income before interest 200,000 Interest expense (fixed) 60,000 Net income $ 140,000 Weaver Company Sales $ 1,000,000 Variable expenses (60%) 600,000 Income before interest 400,000 Interest expense (fixed) 260,000 Net income $ 140,000 Problem 9-5A Part 5 5. What happens to each company’s net income if sales decrease by 40%? (Round your answers to nearest whole percent.) Please put it into a percentage and explain how to find the answer.

In: Accounting

The trial balance of Large Company, Inc., at the end of its annual accounting period is...

The trial balance of Large Company, Inc., at the end of its annual accounting period is as follows:

LARGE COMPANY, INC.

Trial Balance

December 31, 2019

Cash.......................................................................

$ 4,000

Accounts Receivable………………………………..

400

Prepaid Insurance.................................................

1,200

Supplies ...............................................................

2,100

Equipment ............................................................

20,000

Accumulated Depreciation—Equipment..............

$ 2,000

Owner Capital ……………………………………….

19,000

Owner Withdrawals .............................................

2,000

Revenue.................................................................

33,000

Salaries Expense...................................................

18,300

Rent Expense .......................................................

   6,000

______

Totals.....................................................................

$54,000

$54,000

Additional information:

  1. Expired insurance, $400.
  2. Unused supplies, per inventory, $800.
  3. Estimated depreciation, $1,000.
  4. Earned but unpaid salaries, $700.
  5. Services completed for a client by year-end but the client has not been billed for those services, $500

Required: Prepare adjusting entries.

NO PDF or image please

In: Accounting

A regional planner employed by a public university is studying the demographics of nine counties in...

A regional planner employed by a public university is studying the demographics of nine counties in the eastern region of an Atlantic seaboard state. She has gathered the following data:

County Median Income Median Age Coastal
A $ 47,963 56.4 1
B 49,585 58.9 1
C 46,440 57.5 1
D 46,391 41.2 1
E 34,806 39.4 0
F 39,416 41.2 1
G 35,549 41.3 0
H 30,796 33.5 0
I 32,233 21.7 1

  Click here for the Excel Data File

  1. Is there a linear relationship between the median income and median age? (Round your answer to 3 decimal places.)
  1. Which variable is the "dependent" variable?
  • Median Age

  • Median Income

  1. c-1. Use regression analysis to determine the relationship between median income and median age. (Round your answers to 2 decimal places.)

  1. c-2. Interpret the value of the slope in a simple regression equation. (Round your answers to 2 decimal places.)

  1. Include the aspect that the county is "coastal" or not in a multiple linear regression analysis using a "dummy" variable. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.)
  1. Test each of the individual coefficients to see if they are significant. (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Round your answers to 2 decimal places.)

In: Statistics and Probability

Q. 1) Generally, in 2016, which of the folloing events will trigger the Employer Shared Responsability...

Q. 1) Generally, in 2016, which of the folloing events will trigger the Employer Shared Responsability Penalty?

a) A part-time employee who works for employer with 50 or more employees, receives qualified health insurance from the Marketplace, and receives the premium tax credit.

b) A full-time employee who works for employer with 50 or more employees, receives qualified health insurance from the Marketplace, and receives the premium tax credit

c) A part-time employee who works for an employer with fewer than 50 employees, receives qualified health insurance from the Marketplace, and receives the premium tax credit.

d) A full-time employee who works for employer with fewer than 50 employees, receives qualified health insurance from the Marketplace, and receives the premium tax credit.

In: Accounting