The financial statements (LO1-3) Longhorn Corporation includes:
Net Income for Longhorn Corporation: $(34,200)
Total Stockholders' Equity: $15,000
Total liabilities and stockholders' equity: $107,700
Income statement for Longhorn Corporation:
Service revenue $24,000
Cost of goods sold (food expense) (3,400)
Delivery expense (2,400)
Salaries expense (52,400)
Total expenses (58,200)
Net Income $(34,200)
The income statement shows the company's revenues and expenses over a specific period, resulting in net income. In this case, Longhorn Corporation's total revenues are $24,000, and the total expenses are $58,200. Subtracting expenses from revenues results in a net loss of $34,200.
Statement of stockholders' equity for Longhorn Corporation:
Common Stock
Beginning balance $30,000
Issuance of common stock 3,000
Ending balance $33,000
Retained Earnings
Beginning balance $16,200
Net loss (34,200)
Ending balance $(18,000)
Total Stockholders' Equity $15,000
The statement of stockholders' equity summarizes the changes in a company's common stock and retained earnings over a specific period, resulting in total stockholders' equity. In this case, Longhorn Corporation's common stock increased by $3,000 due to the issuance of additional common stock, while retained earnings decreased by $34,200 due to the net loss. The total stockholders' equity is $15,000.
Balance sheet for Longhorn Corporation:
Assets
Cash $1,300
Equipment $52,400
Buildings $1,600
Supplies $4,500
Total assets $59,800
Liabilities
Accounts payable $30,000
Salaries payable $62,700
Total liabilities $92,700
Stockholders' Equity
Common Stock $33,000
Retained Earnings $(18,000)
Total stockholders' equity $15,000
Total liabilities and stockholders' equity $107,700
The balance sheet shows a company's assets, liabilities, and stockholders' equity at a specific point in time. In this case, Longhorn Corporation's total assets are $59,800, and the total liabilities are $92,700. The total stockholders' equity is $15,000. The sum of total liabilities and stockholders' equity is equal to the total assets, which is $107,700.
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jerry, a partner with 30 percent capital and profits interest, received his schedule k-1 from plush pillows, lp. at the beginning of the year, jerry's tax basis in his partnership interest was $54,000. his current-year schedule k-1 reported an ordinary loss of $19,000, long-term capital gain of $3,400, qualified dividends of $2,400, $900 of non-deductible expenses, a $14,000 cash contribution, and a reduction of $4,400 in his share of partnership debt. what is jerry's adjusted basis in his partnership interest at the end of the year?
At the end of the year, Jerry's adjusted basis in his partnership interest is $44,600. It is important to note that these calculations assume no other adjustments or transactions occurred during the year that would affect his basis.
Jerry's adjusted basis in his partnership interest at the end of the year can be calculated by considering the various components that affect his basis. Let's break down each element:
Beginning Tax Basis: Jerry's starting tax basis in his partnership interest was $54,000.
Ordinary Loss: The reported ordinary loss of $19,000 decreases Jerry's tax basis. Therefore, his basis is now $54,000 - $19,000 = $35,000.
Long-Term Capital Gain: The long-term capital gain of $3,400 does not affect the tax basis since it is a gain, not a loss.
Qualified Dividends: Similarly, the qualified dividends of $2,400 do not impact Jerry's tax basis.
Non-Deductible Expenses: The $900 non-deductible expenses also do not affect Jerry's basis.
Cash Contribution: Jerry's $14,000 cash contribution increases his tax basis. Therefore, the basis is now $35,000 + $14,000 = $49,000.
Reduction in Partnership Debt: The $4,400 reduction in Jerry's share of partnership debt further decreases his basis. Consequently, his basis is $49,000 - $4,400 = $44,600.
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T/F: Corporate social responsibility may increase a business his reputation or goodwill
TRUE :Corporate social obligation connects the obligation of citizenship with the technique and key standards of a business. A company's goodwill or reputation may improve as a result of its commitment to CSR.
How do a company's goodwill be affected by its ethical business practices?The value of the company's brand, workforce, and customer relationships, as well as the company's overall goodwill, are all positively impacted by managers' ethical behavior. Ethical business practices generate positive goodwill, which in turn leads to long-term business success. More and more businesses are learning that these activities can help them cut costs and boost profits. The alliance of organizations committed to sustainability known as Sustainable Brands recently reported significant savings for numerous leading businesses.
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A high water mark is a limiting factor of hedge fund manager compensation. this means that managers can't charge incentive fees ________.
A high water mark is a limiting factor of hedge fund manager compensation. this means that managers can't charge incentive fees When a fund falls and does not recover to its previous high value.
What Is a High-Water Mark?
The largest peak in value that an investment fund or account has experienced is known as a high-water mark. This phrase is frequently used in relation to performance-based compensation for fund managers. The high-water mark makes that the management is not compensated significantly for subpar performance. Before obtaining a performance bonus from the assets under management, the manager must raise the fund over the high-water level if it loses money over a period of time (AUM).The highest value an investment account or fund has ever attained is referred to as a high-water mark.
A high-water mark is frequently used as a boundary to establish how much a shareholder must pay in performance fees. The intention is to shield investors from having to pay a fee for subpar performance as well as from having to pay a fee repeatedly each time the fund is profitable. With a high-water mark, the investor only pays a charge equal to the money the fund made between the time it was created and when it reached its highest level.
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If a person has $1,000 in a savings account and earns $20 a year in interest on that account, the rate of return on the money is close to
Answer:
2%
Explanation:
write about veterinary service available in you locality
Answer:
write your locality not my locality there is your locality
it is antibullying month what are some ways you can prevent bullying to happen in any way?
In what order do managers typically perform the managerial function?
Answer and Explanation:
As we know that the managerial functions are as follows:
1. Planning
2. Organizing
3. Leading
4. controlling
In this way it should be perfomed by the managers so that the company goals and objectives should be accomplished within the prescribed time and if there is any discrepancy so it would be corrected before time
Which of the following reflects an acceptable yearly developmental goal as identified on an employee’s Individual Development Plan? (Select all that apply.)
improve my listening skills and interpersonal communication.
complete the training to become a master aircraft mechanic.
reconnect with high school friends in similar careers for networking.
enroll in post-graduate courses and complete studies for a master’s degree.
Answer:
improve my listening skills and interpersonal communication.
enroll in post-graduate courses and complete studies for a master’s degree.
Explanation:
amir is a team leader. his team needs to problem solve a complicated business transition. what course of action should he recommend?
The team should meet daily without a preset agenda.
What is agenda ?Agendas typically consist of:Informational items: providing the group with updates on a certain subject.A manager might give an update on the year-end planning procedure, for instance.Items that you expect the group to want to review during the meeting are called action items.An agenda is a list of the items that will be discussed during a meeting, starting with the call to order and ending with adjournment.It typically involves one or more particular business items that need to be handled.It could include particular timings for one or more activities, although it's not necessary.
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When using the substitution method to solve this system of equations, which of the following represents the first step?
Explanation:
The first step in using the substitution method to solve a system of equations is to solve one of the equations for one of the variables in terms of the other variable(s). This will allow you to substitute the expression you found into the other equation and solve for the remaining variable(s).
Assume that the forward price of corn for delivery in exactly three months from today is $2.40/bushel. The current spot price of corn is $2.20. The current three-month risk-free rate for borrowing and lending is 8.0% annualized and continuously compounded.
(a) Corn is a perishable commodity with traditionally low convenience yield, so assume that the convenience yield is zero. Find the storage cost of corn (including storage, spoilage, insurance, etc.) that is annualized and continuously compounded over the next three months assuming that this is a known value which is independent of the cost of corn. (5’)
(b) Assume your cost of storage is 12% annualized and continuously compounded, as opposed to the number you inferred in part (a). Construct an arbitrage table that illustrates how you would take advantage of the apparent mispricing of the forward.
(5’)
According to the given question:Current spot price of corn = $2.20
Forward price of corn for delivery in exactly three months = $2.40
Risk-free rate of borrowing and lending = 8% per annum
Continuous Compounding
Assuming that the convenience yield is zero
So, the cost of carry per annum (continuously compounded) can be calculated as:Cost of carry per annum (continuously compounded) = (R - q)
Where,R = Risk-free rate of borrowing and lending = 8% per annum
Continuous Compounding
q = Convenience Yield
In this case, q = 0Given that, the forward price of corn for delivery in exactly three months from today is $2.40/bushel and the current spot price of corn is $2.20.
Then,Storage Cost (including storage, spoilage, insurance, etc.) that is annualized and continuously compounded over the next three months = [ln(2.40/2.20)] / [3/12]= 6.87% per annum(Continuously Compounded)
(b)If the cost of storage is 12% per annum continuously compounded, then an arbitrage table would be constructed to show the arbitrage opportunity by investing in the spot market, borrowing money at risk-free rate, buying corn, storing it and then selling it in the forward market.
The table is shown below:
Solution:Corn Spot Price = $2.20
Forward Price of Corn for delivery in 3 months
= $2.40Annualized cost of storage
= 12% per annum continuous compounding
Risk-free interest rate = 8% per annum continuous compounding
Arbitrage TableExplanation:From the table above, it can be seen that borrowing $2.20 from the market and using the borrowed money to buy corn at spot rate would lead to an outflow of $2.20. By storing the corn, the investor would incur a storage cost of $0.27. The stored corn can be sold in the forward market at $2.40/bushel at the end of three months, thereby resulting in inflow of $2.40. The investor would repay the borrowed amount of $2.20 along with interest at a rate of 8% per annum continuous compounding, which would result in an outflow of $2.24. Hence, the net inflow from the transaction would be $0.16 per bushel.
Thus, the apparent mispricing of the forward can be taken advantage of by investing in the spot market, borrowing money at risk-free rate, buying corn, storing it and then selling it in the forward market. The investor would earn a profit of $0.16 per bushel.
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WILL MARK BRAINLIEST AND 5 STAR
Select the correct answer from the drop-down menu.
Which type of college credit program does the statement describe?
In a(n) ____ program, a student must pass an exam at the end of course with a 3 out of 5 in order to get college In a(n) credit. Some colleges require even higher scores or they will not accept the credit.
A. International Baccalaureate
B. Advanced Placement
C. Duel Credit
D. Articulated credit
Answer:
Advanced Placement
Explanation:
it just is
Answer:
the above answer is correct B
Explanation:
The most problematic sources are those that: A. Provide the least information about their author and original source of information B. Contain information that is biased C. Contain information only from secondary sources D. Provide one outlook on the information being presented
The most problematic sources are those that provide the least information about their author and original source of information. A material or device that emits radiation, whether ionising or non-ionizing, and that needs to be licensed by the Australian Radiation.
The protection and Nuclear Safety Authority is referred to as a problematic source. Investments, operations, and financing These three streams of business cash flow can significantly impact the development and viability of your organization. The sources of company finance include retained earnings, equity, term loans, debt, letters of credit, debentures, euro issuance, working capital loans, the venture capital investments, etc.
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Answer: I believe the answer is A.
Explanation: I really hope this helps and have a fabulous day!
a.
Someone who deals with their negative feelings successfully will probably
never have negative feelings again
b. have developed more negative feelings
never understand why they felt as they did
d. have developed more coping skills
C.
Answer:
D
Explanation:
edge 2020
Coping skills enable you to tolerate, reduce, and deal with stressful situations in your life. Stress management can help you feel better physically and psychologically, and it can affect your ability to perform at your best.
How to handle unpleasant feelings?To deal with unpleasant feelings, there are several coping mechanisms available. These are as follows:Don't overthink situations by going over them in your head again and again.Try to remain rational; accept that unpleasant emotions will occur from time to time; and consider ways to improve your mood.Relaxing activities such as reading, walking, or conversing with a friend can help you unwind.To be prepared, learn to recognize how sadness, loss, and rage make you feel and what circumstances cause them.Aerobic activity lowers stress hormone levels and improves your ability to deal with unpleasant emotions.Allow yourself to let go of the past; dwelling on the negative things prevents you from enjoying the present and makes you feel bad.To learn more about 'Regarding bad feelings' refer to
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Managers use the four levers of targeting elements of change to ______.
A. learn more about the competition
B. diagnose problems
C. create new products
D. release products to consumers
CASE STUDY
Case 2
Ann went to Peters restaurant for lunch. While Ann was there Peter asked if she would help him and work there for a few weeks. Ann agrees and takes the orders and serves customers. Ann continued working at Peters restaurant for 4 years.
One day, while Ann is working, she falls over and breaks her leg. Peter tells Ann that as her leg is broken, he will have to find someone else to do her work. Peter told Ann to go home, get better and then look for a new job.
Is the working relationship legally enforceable?
Explain Ann’s rights (if she has any) under Thailand Employment Law.
The enforceability of the working relationship and Ann's rights under Thailand's Employment Law would depend on the specific terms of the employment arrangement.
If Ann had a valid employment contract, it would provide clarity on her rights and obligations. Given that Ann worked at Peter's restaurant for 4 years, it suggests a long-term employment relationship, which may grant her certain protections under Thai employment laws.
These laws typically include provisions for minimum wage, working hours, paid leave, and social security benefits. If Peter terminated Ann's employment without just cause, she might be entitled to severance or compensation. To ensure accurate advice, consulting with a labor lawyer who specializes in Thai employment law is recommended.
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Olivia started her banking account with $100 and is increasing the account $20 per month. which function is correct?
If Olivia started her banking account with $100 and is increasing the account $20 per month then the function which shows the amount in bank account is f(x)=20x+100.
Given that bank account is started with $100 and is increasing the account $20 per month.
We are required to find the function which shows the amount in bank account of Olivia.
Function is like a relationship between two or more variables expressed in equal to form. The values that we enter in the function are known as part of domain and the values that we get from the function are known as part of codomain or range of function.
let the number of months be x.
Amount in bank account=
=Initial amount+ x*(amount deposited per month)
=100+20x
f(x)=20x+100.
Hence if Olivia started her banking account with $100 and is increasing the account $20 per month then the function which shows the amount in bank account is f(x)=20x+100.
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identify the missing parts of the smart goal. select all that apply. i plan to save $5,000 for college living expenses in 4 years. i will save every month $105.
The missing parts of the SMART goal are the specific time frame and the measurement of progress.
The SMART goal framework stands for Specific, Measurable, Achievable, Relevant, and Time-bound. In the given goal, the specific part is mentioned as saving $5,000 for college living expenses. The measurable part is mentioned as saving every month $105.
However, the missing parts are the time frame and the measurement of progress. To make the goal SMART, you need to specify the time frame within which you plan to achieve the goal. In this case, it is mentioned as 4 years. Additionally, it is important to include a measurement of progress to track your savings over time. For example, you could mention saving a certain amount of money by a certain date or achieving a certain percentage of the total savings goal by a specific milestone.
Overall, the missing parts of the SMART goal are the specific time frame (4 years) and the measurement of progress, such as the target amount to save by each year or a percentage of the total savings goal to achieve at different intervals.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
In your own words, what is a labor union? And how do they use collective bargaining, strikes,
boycotts, and picketing to gain power for their workers? (
How do style guides differ from one another? Select all that apply. Some have rules for documenting sources; some do not. They address the needs of different academic disciplines. They include different guidelines. There are no differences between style guides.
Answer:
Option B. They address the needs of different academic disciplines
Option C. They include different guidelines.
Explanation:
Option A is incorrect because all of the writing style guides have rules for documenting sources, for example, the Harvard style says the name of the article or book must in italic format.
Different Writing Style Guides are used for different disciplines. For example, AP Style is used for stuff associated with Journalism based writings, APA is used for social sciences, MLA Style is used for literature, etc. So every writing style guide deals with a separate academic disciplines. Hence the option B is correct here.
Option C is correct because all of these writing style have different guidelines.
Option D is incorrect because there is a difference between style guides otherwise we don't have bunch of writing styles.
Answer: b & c
Explanation:
got a 100%
What are interpersonal skills?
A.
the skills required to develop your personality
B.
the skills required to grow in your job role
C.
the overall way of portraying yourself when communicating with others
D.
the overall way you deal with conflicts
Answer:
The answer is 2
Explanation:
Answer is the letter D the overall way you deal ith conflicts
Answer:
C.
the overall way of portraying yourself when communicating with others
Explanation:
List five organizations where you could volunteer your services. Describe the type of work you might perform for each organization.
Answer:
animal shelter: feeding the animals giving them baths and walking them maybe
eldery homes: help them clean up a bit and just talk to them
Explanation:
sorry i cant think of more
Points of Light is the world's largest volunteer organization. We envision a society in which it is simple for anyone to affect change in their community and around the world. A volunteer program is a structure that is used to recruit and manage volunteers while also supporting community volunteer activities.
How do I ask for volunteer work?Explain that you are looking for a volunteer opportunity and that you are particularly enthusiastic about the organization in question. You can even include a sentence explaining why the organization is a good fit for your skills. The first paragraph should pique the reader's interest and make them want to learn more about you.
Volunteering can help you gain confidence by allowing you to try something new and develop a genuine sense of accomplishment. Make an impact. Volunteering can have a significant and positive impact on individuals, communities, and society as a whole. Meet new people. a desire for excellence doing an excellent job requiring a sense of significant accomplishment wanting to change careers/get a job.
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Accroding to lapena what is the importance of the oral tradition?
to what extent do you agree with his opinions why?
Answer:
Oral tradition is a form of human communication that transmits knowledge, ideas, culture, thoughts, beliefs and other issues of social or ideological nature through verbal communication. Therefore, this was the main means of knowledge transmission in pre-literate societies, where older generations transmitted their knowledge to younger people, and also an important aspect in literate societies in parallel with written literature.
Therefore, since it is the first means of transmitting knowledge, and is still applied today in smaller social groups such as the family, oral tradition is a fundamental part in the construction of knowledge and people's identity.
PSD1 was launched in 2007 by the ______ to establish common
rules for _____.
Question 7 options:
USA; payments
USA; payments
European Union; payments
European Union; raising capita
PSD1 was launched in 2007 by the European Union to establish common
rules for payments.
(Payment Services Directive 1) was launched in 2007 by the European Union to establish common rules for payments. The directive aimed to create a single market for payment services within the EU, promoting competition, efficiency, and consumer protection in the payment industry.
PSD1 introduced key provisions such as the regulation of payment service providers, the rights and obligations of payment service users, and the establishment of a legal framework for payment transactions. It aimed to harmonize payment regulations across EU member states, facilitating cross-border payments and promoting innovation in the payment sector.
The directive was later revised with the introduction of PSD2 (Payment Services Directive 2) in 2015 to further enhance the security, transparency, and innovation of payment services within the European Union.
Therefore, PSD1 was launched by the European Union specifically to establish common rules for payments within its member states.
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When performing a liquid-liquid extraction with a separatory funnel which physical property do you need to know about the two liquids?
When performing a liquid-liquid extraction with a separatory funnel, the physical properties of the two liquids that must be known are their densities, solubility, and intermiscibility.
Calculating the ratio of the two liquids in the separatory funnel requires knowledge of each liquid's density.
The solubility of the two liquids must also be taken into account because successful extraction depends on the solubility of one liquid in the other.
Finally, the ability to readily separate the two liquids makes the intermiscibility of the two liquids crucial.
When doing a liquid-liquid extraction with a separatory funnel, all of these physical characteristics must be taken into account.
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You are to interview an entrepreneur, then summarize the interview questions. This assignment is worth 4 grades.
Here is a selection of questions for entrepreneurs you might want to ask once you secure a meeting:Standard Questions for Entrepreneurs
How did the idea for your business come about?
What was your key driving force to become an entrepreneur?
How did you come up with the name for your company?
How did you raise funding for your venture?
How do you build a successful customer base?
How do you market your business, and which tactics have been most successful?
What kind of culture exists in your organization, and how did you establish it?
Explanation:
An informational interview is a wonderful way to network and a fantastic way to learn more about a career in which you are interested in possibly pursuing. And these types of interviews don't just provide solid information to those interested in corporate careers.
If what you are interested in most is starting your own business rather than working for someone else, an informational interviews is a way to find out what it takes to be a successful entrepreneur and learn more about what running your own business entails. These types of conversations can also help you make a well-informed decision about whether running your own business fits into your vision for your life and career.
What is moral muteness? Why do you think an advertising professional might experience this phenomenon?
Answer: See explanation
Explanation:
Moral muteness occurs when as individuals in the society, we choose not to speak up when we witness an unethical behavior by someone. Even though such issues don't go along with the moral beliefs of the person who witnessed it, he or she decides not to speak against it.
An advertising professional might experience this phenomenon because of the fear of the fear of the fact that speaking up might affect his or her chance of selling the product to the person with the unethical behavior and also due to fear of losing ones job.
There are three clues labeled "daily double" on the game show Jeopardy. If three equally matched contenders play, what is the probability that: a. A single contestant finds all three "daily doubles"? b. The returning champion gets all three of the "daily doubles"? c. Each of the players selects precisely one of the "daily doubles"?
Answer:
a) 0.0358
b) 0.0395
c) 0.1506
Explanation:
Number of clues "daily doubles" = 3
Determine the probabilities
a) P(single contestant finds all three )
assuming event A= a returning champion gets the "daily double" in first trial
P(A) = 1/30 , P(~A) = 29/30
assuming event B = any player picks up "daily double" after the first move
P(B |~A ) = 1/3
hence : P ( B and ~A ) = 29/30 * 1/3 = 29/90
considering second round
P(player chooses both daily doubles ) = 1/3 * 1/3 = 1/9
∴ P(single contestant finds all three ) = 29/90 * 1/9 = 0.0358
B) P ( returning champion gets all three )
= (1/30 + 29/90 )* 1/9
= 32 / 810 = 0.0395
c) P ( each player selects only one )
P = 32/405 + 29/405
= 61 / 405 = 0.1506
Scott Weisberg feels his job at Wendy’s includes all the following except
a) serving a senior leadership team member who makes strategy decisions.
b) serving as a manager of the human resources leadership team.
c) serving as a function leader who supports an agenda to assist franchisees and business partners in the company.
d) supervising the Board of Directors.
e) being a confidant to the CEO.
Scott Weisberg feels his job at Wendy’s includes all the following except Supervising the Board of Directors .
What is Scott Weisberg ?
Having worked in the medical industry for more than 27 years, Scott Weisberg, MD, is a Family Medicine Specialist in Birmingham, Alabama.
In 1996, he received his degree from ALBANY MEDICAL COLLEGE. His connection to Brookwood Baptist Medical Center is established. New clients and telehealth appointments are both accepted at his practice.
What function does the board of directors serve?
The board of directors' primary responsibilities include selecting the company's CEO or general manager and determining the company's overall strategy.
All other personnel must be hired by the CEO or general manager, who is also in charge of managing the company's daily operations.
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