Answer:
$145,008
Explanation:
Outstanding checks at the end of November = $68,800 + $63,002 = $131,802
Outstanding checks at the end of December = $131,802 + $94,176 - $80,970 = $145,008
Therefore, the amount of outstanding checks at the end of December is $145,008.
Answer:
This is true, the efficient market hypothesis only holds if all the investors are rational, for example if an investor is not rational and wants to make a loss instead of profit, then the efficient market hypothesis wont hold as the investor will be acting in a way that wont benefit him. When the investor acts irrationally, then he wont react correctly to the information he has and buy or sell stocks which he isn't supposed to buy or sell and this will change the price of the stock from what the price of the stock should be.
Explanation:
Answer:
a. Taxable income/loss = (-$187500)
b. Current income tax benefit = $39780
Explanation:
Lets first understand the difference between reported income and taxable income. Reported income is the income earned by an entity during an accounting period which is calculated based on accounting rules and conventions whereas taxable income is calculated by tax authorities based on their own policies.
Now an important thing here to note is 'accounting concepts differ from tax policies (i.e permanent differences), so due to the differences in the policies two income figures are calculated separately by the entities following accounting conventions and tax authorities.
For example accounting follows the accruals concept which requires entities to record expenses and revenue in the period they are incurred whereas tax authorities might be following a cash basis of accounting so they wouldn't be allowing any expenses that are non-cash, such as accounting depreciation which is replaced by tax depreciation.
Now coming to the calculation, taxable income is calculated by adding back non-cash items, deducting items that are tax-exempt and adding back items that are dis-allowable under tax authorities.
The taxable income is calculated as follows;
Pretax book income = $752500
less: tax depreciation = (-$620000)
less: tax-exempt income = (-$320000)
Taxable income/loss = (-$187500)
Burhcham corporation has made a loss of (-$187500) which means Burcham has no tax liability this year.
Assuming a tax rate of 34% and that tax losses can be carried backward.
A tax relief could be claimed by Burhcam corporation as follows.
Burcham corporation's prior-year taxable income was $117000 so the tax relief is equal to $117000×34%=$39780
Current income tax benefit = $39780
The remaining $70500 ($187500 - 117000) net operating loss will be recorded as a deferred tax asset with the amount of tax (i.e $70500×34%) $23970.
Answer:
The present value of $500 in one year is $434.78 and the present value of $1,000 in 5 years is $497.18
Explanation:
Hi, we need to use the following formula
Present Value = Future Value/ (1+Discount Rate)^years
Therefore, in the case of $500 in one year.
Present Value = $500/(1+0.15)^1 = $434.78
And for $1,000 in 5 years
Present Value = $1,000/(1+0.15)^5 = $497.18
Notice that the discount rate (15%) has to be used in its decimal form, that is 0.15 (which you can get by dividing 15/100).
Best of luck.
Best of luck
monetize and count
express corporate responsibility
Using the perspective of a business owner of a mid-size manufacturer, select the approach/approaches you would recommend for this company (mid-size manufacturer). Support the selection by explaining the approach, describing which of the five (5) environmental positions you espouse, and how the approach and positions relate to key ethical theories we have studied?
1. The environment shouldn’t be protected.
2. The environment should be protected in the name of serving human welfare.
3. The environment should be protected in the name of serving future generations’ welfare.
4. The environment should be protected in the name of serving animal welfare.
5. The environment should be protected for its own sake.
Answer:
To answer the above question , the closest and which includes all human, animal and realted welfare is
"The environment should be protected in the name of serving future generations’ welfare".
Explanation : when it comes to buisness, ethics and moral with code of conduct the ultimate reason behind this is to make the better world to serve future generation with all such discipline and carry forward the same positive approach towards all human, animal and other welfare's.
By this above option/approach is different and consider a cumulative welfare for better world to serve future generation.
Coming to other option/approach is only specific to certain groups only and it does'nt through light on other's welfare.
To add more , "when you focus on one group of welfare success will be there but if you focus and prioritize together with better competency and required area success path is wide and opened"
So saving and serving the environment to future generation is high valued and required. By this we can able to match the ethical, moral and social responsibality.
Answer:
$378.75
Explanation:
Data provided:
Capacity = 440 passengers
Operating cost = $4,000 + $70(Number of passengers)
Expected number of passengers = 440 - 0.64T
Ticket price = T
Total operational cost = $4000 + $70( 440-0.64T )
Total operational cost = $34,800 - 44.8T
Thus,
Total revenue = Number of passengers × Ticket price
= (440 - 0.64T)T
= 440T - 0.64T²
also,
Total profit ,P(T) = Total revenue - Total operational cost
P(T) = ( 440T - 0.64T²) - (34,800 - 44.8T)
P(T) = - 0.64T² - 34,800 + 484.8T
Now,
Differentiating with respect to ticket price T
P'(T) = -0.64(2)T - 0 + 484.8(1)
or
P'(T) = - 1.28T + 484.8 ..............(1)
For point of maxima or minima
P'(T) = 0
or
- 1.28T + 484.8 = 0
or
1.28T = 484.8
or
T = $378.75
now,
again differentiating (1) to check for maxima or minima
P''(T)= -1.26(1) + 0
P''(T) = -1.26
Since,
P"(T) < 0
Hence,
T = $378.75 will maximise the profit
The airline's profit can be maximized with a ticket price of approximately $289.84 as calculated from the provided mathematical model. However, real-world variables may affect actual optimal pricing.
In this case, the airline's profit function (revenue minus costs) can be written as: P(T) = T*(440 - 0.64T) - (4000 + 70*(440 - 0.64T)). To maximize profit, you would take the derivative of P(T) with respect to T, resulting in the following polynomial: P'(T) = 440 - 1.28T - 70. Setting this derivative equal to zero and solving for T yields a ticket price of approximately $289.84.
Another way to check this solution would be to create a graph of the function P(T) and visually identify the maximum point. Mind you, this method requires precision and may not generate the accurate result as the calculus method.
It's important to keep in mind that this is a simplified model and doesn't account for other factors which can affect ticket pricing in the real world, such as competition, fuel prices, and demand for specific flights. That being said, this exercise highlights how mathematical models can be used in economics and business to optimize profit by adjusting pricing strategies.
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Answer:
3.0
Explanation: