Governments usually take steps to regulate market conditions when:
O A. too many businesses engage in competition.
O B. research and development costs increase.
O c. monopolies act in ways that hurt consumers.
O D. more similar businesses are allowed to open.

Answers

Answer 1

Answer:

C monopolies act in ways that hurt consumers

Trust

Answer 2

Answer:

c

Explanation:


Related Questions

Why should the people on the RA team be different from the people responsible for correcting deficiencies?a. to avoid potential losses.
b. to increase profitability.
c. to avoid conflicts of interest.
d. to increase survivability.

Answers

Answer:

The correct answer is the option C: To avoid conflicts of interest.

Explanation:

To begin with, the term of risk assesstment refers to the process of identifying and analyzing possible future threats that may cause harm to the individuals or the assets of the company and from there on to evalute possible solutions to those situation that the company does not want to. Moreover, the risk manager is the one who should take care of those aspects and therefore that an RA team is the one that is being under his commands and should focus on the fact of identifying and analyzing the problems as well as evaluating instead of correcting some of those deficiencies and therefore that they need to have a different mind in the theme because they need to avoid conflicts of interest with the other team that is responsible from correcting.

Radon Corporation manufactured 37,500 units during March. The following fixed overhead data pertain to March: Actual Static Budget Production 37,500 units 34,000 units Machine-hours 10,375 hours 10,200 hours Fixed overhead costs for March $213,200 $204,000 What is the fixed overhead production-volume variance?

Answers

Answer:

$21,000 Unfavorable

Explanation:

First, we need to calculate fixed overhead absorption rate.

Fixed overhead absorption rate = Fixed overhead costs for March(Static budget) ÷ Production(Static budget)

= $204,000 ÷ $34,000

= $6 per unit

Fixed overhead production volume variance

= Amount actually applied - Amount budgeted

= ($6 × 37,500) - $204,000

= $225,000 - $204,000

= $21,000 Unfavorable

Analyze how Nintendo recreated the home video game business following the Atari-era boom and bust. How was Nintendo able to capture value in the home video game business?

Answers

Answer: Cost leadership and differenciation in quality

Explanation:

Cost leadership; Nitendo was able to reduce production cost by subcontracting most of it's production, while the rest of it's production were done within(in-house), with this effect in cost of production reduced, Nitendo was able to reduce selling price and beat the competition in the market.

Differentiation in quality; Nintendo came with quality, their graphics and sounds were top-notch, despite that, they still invested more in main them better with better technology innovation.

Banana Company hired some students to help count inventory during their semester break. Unfortunately, the students added incorrectly and the 2020 ending inventory was overstated by $6,000. What would be the effect of this error in ending inventory?

Answers

Answer: a. 2020 net income will be overstated

Explanation:

Ending Inventory is used in the calculation of Cost of Goods sold. It is subtracted from the Cost of Goods sold so if it is Overstated then that means that Cost of Goods sold is understated.

Cost of Goods sold is subtracted from Revenue to find income so if Cost of Goods sold is Understated then Net Income will be Overstated in turn.

On October 1, 20XX, Bartley Corporation issued 5%, 10-year bonds with a face value of $500,000 at $520,000. The entry to record the issuance of the bonds would include a:___________
a) credit of $20,000 to Premium on Bonds Payable
b) credit of $520,000 to Bonds Payable
c) debit of $20,000 to Discount on Bonds Payable
d) credit of $480,000 to Bonds Payable

Answers

Answer:

b) credit of $520,000 to Bonds Payable

Explanation:

Date        Accounts titles and explanation       Debit        Credit

Oct. 1       Cash                                                  $520,000  

                       Premium on bonds payable                       $20,000

                       Bonds payable                                            $500,000

               (To record the issuance of bond at premium)

Sheridan Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $371,700. The estimated fair values of the assets are land $70,800, building $259,600, and equipment $94,400. At what amounts should each of the three assets be recorded?

Answers

Answer:

Land = $61,950

Building = $227,150

Equipment = $82,600

Explanation:

Total Asset Fair Value = $70,800+$259,600+$94,400

Total Asset Fair Value = $424,800

Recorder Amount

Land = [$70,800/$424,800]$371,700

Land = $61,950

Building = [$259,600/$424,800]$371,700

Building = $227,150

Equipment = [$94,400/$424,800]$371,700

Equipment = $82,600

Sprinkle Co. sells its product for $20 per unit. During 2013, it produced 60,000 units and sold 50,000 units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labor $3, and variable overhead $1. Fixed costs are: $240,000 manufacturing overhead, and $30,000 selling and administrative expenses. Under absorption costing, what amount of fixed overhead is deferred to a future period?

Answers

Sprinkle Co. sells its product for $20 per unit. During 2013, it produced 60,000 units and sold 50,000 units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labor $3, and variable overhead $1. Fixed costs are: $240,000 manufacturing overhead, and $30,000 selling and administrative expenses. Under absorption costing, what amount of fixed overhead is deferred to a future period?

The following information is available for Randall Inc.
Accounts receivable $2,400
Cash $6,250
Accounts payable 3,700
Supplies 3,760
Interest payable 580
Unearned service revenue 850
Salaries and wages expense 4,500
Salaries and wages payable 745
Notes payable 31,500
Depreciation expense 670
Common stock 50,700
Equipment (net) 108,200
Inventory 2,840
Using the information above, prepare a balance sheet as of December 31, 2022. (Hint: Solve for the missing retained earnings amount after first determining total assets and total liabilities.) (List assets in order of liquidity.)

Answers

Answer:

Retained earning $35,375

Explanation:

Randall Inc.

Balance sheet as of December 31, 2022.

Current assets

Cash $6,250

Accounts receivables $2,400

Inventory $2,840

Supplies $3,760

Fixed asset

Equipment(net) $108,200

Total assets $123,450

Liabilities and Stockholders' equity

Liabilities

Notes payable $31,500

Accounts payable $3,700

Unearned service revenue $850

Salaries and wages payable $745

Interest payable $580

Total liabilities $37,375

Stockholders' equity

Common stock $50,700

*Retained earnings $35,375

Total stockholder's equity $86,075

Total liabilities and stockholder's equity $123,450

*Note: The value for retained earning is gotten by;

Retained earning = Total assets - [Common stock + Total liabilities]

Retained earnings = $123,450 - [$50,700 + $37,375]

Retained earnings = $35,375

Retained earning $35,375

Randall Inc.

Then Balance sheet as of December 31, 2022.

the Current assets are:

Cash $6,250

Accounts receivables $2,400

Inventory $2,840

Supplies $3,760

Fixed asset

Equipment(net) $108,200

Total assets $123,450

also, Liabilities and Stockholders' equity

Liabilities

Notes payable $31,500

Accounts payable $3,700

Unearned service revenue $850

Salaries and wages payable $745

Interest payable $580

Then the Total liabilities is $37,375

Stockholders' equity

Common stock $50,700

*Retained earnings $35,375

Then the Total stockholder's equity is $86,075

After that the Total liabilities and stockholder's equity is $123,450

*Note that: The value for retained earning is gotten by;

Then Retained earning is = Total assets - [Common stock + Total liabilities]

After that Retained earnings = $123,450 - [$50,700 + $37,375]

Thus, Retained earnings = $35,375

Find out more information about fixed asset here:

https://brainly.com/question/15568817

Post Company lends Blue Company $40,000 on April 1, accepting a 4 month, 4.5% interest note. Post Company prepares financial statements on April 30. What adjusting entry should they make?

Debit note receivable $40,000; Credit Cash $40,000

Debit interest receivable $150; Credit interest revenue $150

Debit cash $150; Credit interest revenue $150

Debit interest receivable $600; Credit interest revenue $600

Answers

Answer:Debit interest receivable $150; Credit interest revenue $150--- B

Explanation:

Interest Receivable =  Principal x Rate x Time ( from  April 2st to 31st--Imonth)

$40,000 x 4.5% x 1/12

= $ 150

Journal entry to record amount on interest note on  April 31st

Date           Account  titles                     Debit                    Credit

April 31st     interest receivable             $150

interest revenue                                                                   $150

Each year, Sunshine Motos surveys 7,500 former and prospective customers regarding satisfaction and brand awareness. For the current year, the company is considering outsourcing the survey to Global Associates, who have offered to conduct the survey and summarize results for $30,300.Craig Sunshine, the president of Sunshine Motors, believes that Global will do a higher-quality job than his company has been doing, but is unwilling to spend more than $10,000 above the current costs. The head of bookkeeping for Sunshine has prepared the following summary of costs related to the survey in the prior year.


Mailing $16,600
Printing (done by Lester Print Shop) $4,500
Salary of Pat Fisher, part-time employee who stuffed envelopes and summarized data when surveys were returned (100 hours X $15) $1,500
Share of depreciation of computer and software used to track survey responses and summarized results. $1,100
Share of electricity/phone/etc. based on square feet of space occupied by Pat Fisher vs. entire company. $500

Required:
What is the incremental cost of going outside versus conducting the survey as in the past?

Answers

Answer:

incremental cost analysis

                            survey is done      outsource survey     differential

                            by the company    to Global                   amount

Mailing costs       $16,600                 $0                              ($16,600)

Printing costs      $4,500                  $0                              ($4,500)

Labor costs         $1,500                   $0                              ($1,500)

Outsourcing         $0                         $30,300                    $30,300

costs                                                                                                    

totals                    $22,600                $30,300                   $7,700

The incremental cost of outsourcing the surveys is $7,700. Some of the current costs are unavoidable, e.g. depreciation expense and utilities, so they should not be considered in this analysis. But other costs, e.g. direct labor, are avoidable.

I know that Pat using the computer will increase the company's electric bill by a few dollars, but it would never be $500 (maybe $5). Maybe he even calls a few customers to check some answers, but again this might add $10 to the phone bill. Also, Pat using the computer's mouse or any other equipment might result in it breaking down, but that is not worth $1,500. Since the cost analysis is not specific, it is safer not to include depreciation or utilities.

What is the price of a stock today if it pays a Dividend TODAY of $2. Its growth rate is 5%, and its market return is 12%?

Answers

Answer:

$30.00  

Explanation:

The price of the stock can be derived from the stock theoretical price formula given and explained below:

stock price=expected dividend/(market return-growth rate)

expected dividend=dividend paid today*(1+growth rate)

expected dividend=$2*(1+5%)

expected dividend=$2.10

market rate of return=12%

growth rate=5%

stock price=$2.10/(12%-5%)

stock price=$2.10/7%

stock price=$30.00  

who remabers portal?

Answers

Answer:

me

Explanation:

you mean remembers* ? and what’s that

A company will sell N units of a product after spending $x thousand in advertising, as given by N = 60x - x^2 5 \leq x \leq 30approximately what increase in sales will result by increasing the advertising budget from $10,000 to $11,000 and from $20,000 to $21,000?

Answers

Answer:

Explanation:

Given that:

[tex]N(x) = 60 x - x^2[/tex]   where; 5 ≤ x ≤ 30

SO by increasing the advertising budget from 10,000 to 11000; the budget is increased from 10 to 11 since x is in thousands.

Increase in sales = N(x₂) - N(x₁)

Increase in sales = N(11) -N(10)

Increase in sales = (60(11)-11²) - (60(10) -10²)

Increase in sales = (660 - 121) - (600 - 100)

Increase in sales = 539 - 500

Increase in sales = 39 units

By increasing the advertising budget from 20,000 to 21000; the budget is increased from 20 to 21 since x is in thousands.

Increase in sales = N(x₂) - N(x₁)

Increase in sales = N(21) -N(20)

Increase in sales = (60(21)-21²) - (60(20) -20²)

Increase in sales = (1260 - 441) - (1200 - 400)

Increase in sales = 819 - 800

Increase in sales = 19 units

calling sweden what is not a factor contributing to the rise of export activity in the word economy g

Answers

Answer: a. United Nations

Explanation:

The United Nations was established primarily to keep the peace in the world through the use of dialogue amongst nations to lay aside their grievances as well as cooperate in moving the planet forward. It also does a lot of humanitarian work to care for the most vulnerable groups in the world.

This means that even though there are organizations created by the UN to improve trade such as the United Nations Conference on Trade and Development (UNCTAD), the mandate of the UN in general is such that it cannot be said to have contributed to the rise of export activity in the world economy.

Marigold Corp. purchased equipment on November 1, 2020 and gave a 3-month, 9% note with a face value of $86000. The December 31, 2020 adjusting entry is:____.a) debit Interest Expense and credit Interest Payable, $5,400.
b) debit Interest Expense and credit Interest Payable, $900.
c) debit Interest Expense and credit Interest Payable, $1,350.
d) debit Interest Expense and credit Cash, $900.

Answers

The options provided in the question are incorrect.

Answer:

31 Dec 2021

Interest expense    1290 Dr

    Interest Payable      1290 Cr

Explanation:

Under the accrual basis or principle of accounting, we match the revenue with the expenses and record the transactions in the period to which they relate to rather than when the cash is paid or received. This means that the interest payment that is accrued for time period relating to this year should be recorded as an expense in the current period and as a liability as it will be paid in the next period. Thus, the interest on the note relating to 2 months from November 2020 to December 2020 will be recorded as follows,

Interest expense = 86000 * 0.09 * 2/12 = 1290

31 Dec 2021

Interest expense    1290 Dr

    Interest Payable      1290 Cr

On June 8, Williams Company issued an $87,600, 9%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note?

Answers

I think is 739 not sure tho

Squid Roe, Inc.'s $48,000 sushi bar was originally expected to be used for eight years with no residual value. Depreciation on the bar was $6,000 per year for the past two years. In the third year, management changed the estimated life of the bar to be a total of only six years instead of eight. What should Squid Roe do?

Answers

Answer:

Squid Roe should change annual depreciation expense to $9,000 per from year 3 through year 6.

Explanation:

The depreciation expense will have to change from year 3 through year 6 as a result of change from eight years to six years as follows:

Asset cost = $48,000

Depreciation expense for first two years = $6,000 * 2 = $12,000

Net book value after 2 years = Asset cost - Depreciation expense for first two years = $48,000 - $12,000 = $36,000

Remaining years after 2 years = 6 - 2 = 4

New annual depreciation expense = Net book value after 2 years / Remaining years after 2 years = $36,000 / 4 = $9,000

Therefore, Squid Roe should change annual depreciation expense to $9,000 per from year 3 through year 6.

Wyzard Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for February.

Fixed Element per Month Variable Element per Container Refurbished Actual Total for February
Revenue $3,800 $123,400
Employee salaries and wages $40,000 $1,100 $73,800
Refurbishing materials $700 $21,800
Other expenses $29,700 $28,800


When the company prepared its planning budget at the beginning of July, it assumed that 37 containers would have been refurbished. However, 32 containers were actually refurbished during the month. The revenue variance in the Revenue and Spending Variances column of a performance report comparing actual results to the flexible budget for July would have been closest to: ________

Answers

Answer:

Wyzard Corporation

The revenue variance in the Revenue and Spending Variances column of a performance report comparing actual results to the flexible budget for July would have been closest to: ________

$1,800 F

Explanation:

a) Data and Calculations:

                                            Fixed Element  Variable Element   Actual Total

                                                per Month      per Container       for February

                                                                        Refurbished

Revenue                                                              $3,800                 $123,400

Employee salaries and wages  $40,000            $1,100                  $73,800

Refurbishing materials                                          $700                   $21,800

Other expenses                        $29,700                                         $28,800

Revenue variance

Budgeted revenue (flexible) = $121,600 ($3,800 * 32)

Actual revenue                          123,400

Variance                                       $1,800

The cost of common equity is based on the rate of return that investors require on the company's common stock. New common equity is raised in two ways: (1) by retaining some of the current year's earnings and (2) by issuing new common stock. Equity raised by issuing stock has a(n) ____________ cost, re, than equity raised from retained earnings, rs, due to flotation costs required to sell new common stock. Some argue that retained earnings should be "free" because they represent money that is left over after dividends are paid. While it is true that no direct costs are associated with retained earnings, this capital still has a cost, a(n) ______________ cost. The firm's after-tax earnings belong to its stockholders, and these earnings serve to compensate them for the use of their capital. The earnings can either be paid out in the form of dividends to stockholders who could have invested this money in alternative investments or retained for reinvestment in the firm. Therefore, the firm needs to earn at least as much on any earnings retained as the stockholders could earn on alternative investments of comparable risk. If the firm cannot invest retained earnings to earn at least rs, it should pay those funds to its stockholders and let them invest directly in stocks or other assets that will provide that return. There are three procedures that can be used to estimate the cost of retained earnings: the Capital Asset Pricing Model (CAPM), the Bond-Yield-Plus-Risk-Premium approach, and the Discounted Cash Flow (DCF) approach.

Answers

Answer:

Equity raised by issuing stock has a(n) HIGHER cost,

When a corporation issues new equity, they will always incur in underwriting costs and other legal expenses, e.g. the underwriter always charges a fee which can be fixed or a percentage, and the actual process of registering new stocks and issuing them costs money.

While it is true that no direct costs are associated with retained earnings, this capital still has a cost, a(n) OPPORTUNITY cost.

Opportunity costs are extra costs or benefits lost resulting from choosing one activity or investment from another alternative. In this case, the owners could invest the company's earnings somewhere else and they could earn money by doing so, e.g. buy corporate bonds or other stocks.

Over a five-year period, (nominal) GDP in a nation increased from $10 trillion to $15 trillion, while the GDP price deflator increased from 100 to 125. Approximately how much is GDP in year five, stated in terms of year-one dollars?

Answers

Answer:

The GDP in year five, stated in terms of year-one dollars, is approximately $12 trillion.

Explanation:

This can be calculate using the following formula:

Real GDP in year five = Nominal GDP in year five / (GDP price deflator in year five / GDP price deflator in year-one) ................... (1)

Where;

Real GDP in year five = Amount of GDP in year five, stated in terms of year-one dollars = ?

Nominal GDP in year five = $15 trillion

GDP price deflator in year five = 125

GDP price deflator in year-one = 100

Substituting the into equation (1), we have:

Real GDP in year five = $15 / (125 / 100) = $15 / 1.25 = $12 trillion

Therefore, the GDP in year five, stated in terms of year-one dollars, is approximately $12 trillion.

Milner Company is working on two job orders. The job cost sheets show the following. Assign costs to work in process.

Job 201 Job 202
Direct materials $7,200 $9,000
Direct labor 4,000 8,000
Manufacturing overhead 5,200 9,800

Required:
Prepare the three summary entries to record the assignment of costs to Work in Process from the data on the job cost sheets.

Answers

Answer:

Full Question "(a) (To assign materials to jobs.) (b) (To assign labor to jobs.) (c) (To assign overhead to jobs.)"

No Date  Account Title and Explanation      Debit       Credit

a               Work in process inventory             $16,200

                 ($7,200+$9,000)

                      Raw material inventory                             $16,200

                 (To assign materials to jobs)

b.               Work in process inventory              $12,000

                  ($4,000+$8,000)

                        Factory labour                                           $12,000

                  (To assign labour to job)

c.                 Work in process inventory              $15,000

                   ($5,200+$9,800)

                          Manufacturing overhead                         $15,000

                    (To assign overhead to jobs)

The following transactions were completed by the company. The company completed consulting work for a client and immediately collected $7,000 cash earned. The company completed commission work for a client and sent a bill for $5,500 to be received within 30 days. The company paid an assistant $2,150 cash as wages for the period. The company collected $2,750 cash as a partial payment for the amount owed by the client in transaction b. The company paid $1,000 cash for this period's cleaning services. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.)

Answers

Answer:

The Company

The Impact of Each Transaction on the Accounting Equation:

1. Assets (Cash + $7,000) = Liabilities + Equity (Retained Earnings + $7,000)

2. Assets (Accounts Receivable + $5,500) = Liabilities + Equity (Retained Earnings + $5,500)

3. Assets (Cash -$2,150) = Liabilities + Equity (Retained Earnings -$2,150)

4. Assets (Cash +$2,750 Accounts Receivable -$2,750) = Liabilities + Equity

5. Assets (Cash -$1,000) = Liabilities + Equity (Retained Earnings -$1,000)

Explanation:

The Company applies the accounting equation, which states that Assets = Liabilities + Equity.  With each transaction, the accounting equation is demonstrated as shown above.  This means that each transaction that is properly recorded affects the accounting equation in two ways.  Note that the accounting equation is the basis for the double-entry system of financial accounting.

Madison Company issued an interest-bearing note payable with a face amount of $30,600 and a stated interest rate of 8% to the Metropolitan Bank on August 1, Year 1. The note carried a one-year term.

a. The amount of cash flow from operating activities on the 2016 statement of cash flows would be:________
b. Based on this information alone, the amount of total liabilities appearing on Madison's Year 1 balance sheet would be:________

Answers

Answer:

a. $0

b.  $31,620

Explanation:

a. Notes Payable do not fall under Operating activities in the cashflow statement but rather under Financing Activities which is where cash transactions that provide the business with capital and liability funds are accounted for.

The Operating activity balance from this is therefore $0.

b. The liabilities will include the Note and the interest accumulated at year end.

Interest accumulated = 30,600 * 8% * 5/12 months = $1,020

Liabilities = 30,600 + 1,020 = $31,620

Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company’s operations in July appear below:

Vulcan Flyovers Operating Data For the Month Ended July 31

Actual Results Flexible Budget Planning Budget
Flights (q) 57 57 55
Revenue ($340.00q) $16,400 $19,380 $18,700
Expenses:
Wages and salaries ($3,600 + $87.00q) 8,525 8,559 8,385
Fuel ($34.00q) 2,100 1,938 1,870
Airport fees ($870 + $34.00q) 2,693 2,808 2,740
Aircraft depreciation ($9.00q) 513 513 495
Office expenses ($230 + $1.00q) 455 287 285
Total expense 14,286 14,105 13,775
Net operating income $2,114 $5,275 $4,925

The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount.

Required:
Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances.

Answers

Answer:

1. Revenue and Spending Variance

Revenue  = (19,380 - 16,400) = 2980 U

Expenses

Wages & Salaries = 8,559 - 8,525 = 34 U

Fuel  =  1,870 - 1,938 = 68 F

Airport Fees =  2,808 - 2,693 = 115 U

Aircraft Depreciation = 0 None

Office Expenses =  287 - 455 = 168 F

Total Expenses = 87 F

Net Operating Income = 5,275 - 2,114 = 3161 U

2. Activity Variances  

Activity Variances are used to compare revenue and cost item between the planning budget and flexible budget of the company.

Revenue = 18,700 - 19,380 = 680 U

Expenses

Wages and salaries = 8,385 - 8,559 = 174 U

Fuel = 1,870 - 1,938 = 68 U

Airport fees = 2,740 - 2,808 = 68 U

Aircraft depreciation = 495 - 513 = 18 U

Office expenses = 285 - 287 = 2 U

Total expense = 330 U

Net operating income = 4,925 - 5,275  = 350 U

Jam J Inc.'s contribution margin ratio is 58% and its fixed monthly expenses are $36,000. Assuming that the fixed monthly expenses do not change, what is the company's net operating income in a month when sales are $103,000?

Answers

Answer:

the net operating income is $23,740

Explanation:

The computation of the company net operating income is shown below:

As we know that

Sales                       $103,000

Less: Variable cost -$43,260  ($103,000 × 0.58)

Contribution margin  $59,740  ($103,000 × 0.58)

Less: Fixed cost -$36,000

Net operating income $23,740

hence, the net operating income is $23,740

Need help with entreprenuer questions ASAP

Answers

Where’s the question?

If a company buys televisions from a manufacturer and then sells them to department stores, it is most probably a _____. A. retailerB. producerC. consumerD.wholesalerE. marketer

Answers

Answer:

a retailer

Explanation:

sorry if this is wrong.

Bishop has a capital balance of $120,000 in a local partnership, and Cotton has a $90,000 balance. These two partners share profits and losses by a ratio of 60 percent to Bishop and 40 percent to Cotton. Lovett invests $60,000 in cash in the partnership for a 20 percent ownership. The goodwill method will be used. What is Cotton's capital balance after this new investment?
a) $99,600
b) $102,000
c) $112,000
d) $126,000

Answers

Answer:

b) $102,000

Explanation:

Calculation of goodwill

Lovett investment $60,000

Actual value of partnership = $60,000/20% = 300,000

Partnership capital = $120,000 + $90,000 + $60,000 = $270,000

Goodwill = $300,000 - $270,000 = $30,000

Distribution of Goodwill

Bishop = $30,000 * 60% = $18,000

Cotton = $30,000 * 40% = $12,000

Cotton's Capital = $90,000 + $12,000 = $102,000. Thus, Cotton's capital balance after this new investment is $102,000

Griggs Pharmaceuticals entered into a licensing agreement with Lake Superior Lab for a new drug under development. Griggs will receive $8,100,000 if the new drug receives FDA approval. Based on prior approval, Griggs determines that it is 85% likely that the drug will gain approval. The transaction price of this arrangement should be:______.a. $8,100,000.b. $6,885,000.c. $1,215,000.d. $0 until approval is received.

Answers

Answer:

$8,100,000

Explanation:

Based on the information given we were told that the Pharmaceuticals company had a licensing agreement with another company which is Superior Lab for the purpose of a new drug which is under development in which Griggs company will receive the amount of $8,100,000 assuming the new drug receives FDA approval which means that the transaction price of arrangement should be the amount of $8,100,000 that will be receiving by Griggs company assuming the new drug receives FDA approval.

Why can some taxes that appear to be regressive in terms of current income be thought of as progressive from a lifetime tax incidence perspective?

Answers

Answer:

The description is outlined in the clarification segment below, as per the case provided.

Explanation:

The prevalence of either a lifetime tax on some kind of fixed income has been known to be a long-term perspective including its broader economic impact of taxation since they complement instead of just replace. The existing income taxes would raise the quarterly funds to meet, but perhaps the cumulative occurrence of tax would enhance the power to charge for existence.  

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