when a trial balance balances, it is an indication that debits equal credits
What is a trial balance?A trial balance is a list of credit entries and debit entries that businesses use to internally audit their double-entry accounting systems. The goal is to confirm that the sum of all debits equals the sum of all credits and identify whether any entries have been recorded in the wrong accountIf the total debits equal the total credits, the trial balance is considered to be balanced, and there should be no mathematical errors in the ledgers. However, this does not mean that there are no errors in a company's accounting systemWhen a trial balance is made and it balances, it means that the total footing for debit and credits are equal. However, it does not mean that all journal entries are posted, the account balance balances are correct, or all transactions have been journalizedTo learn more about trial balance refers to:
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Explain in your own words how investing is different from savings. Give examples.
The key difference between the saving and investment is that returns from savings is Relatively low, whereas investment return is Potentially higher or lower.
What is Investment?An investment is the use of capital today in order to grow its worth over time. An investment entails putting capital to work in the form of time, money, effort, and so on, with the expectation of a bigger payback in the future than what was first put in.
Saving may also refer to depositing money into things like a bank time account (CD). Investing is using some of your money to help it grow by purchasing assets that may improve in value, such as stocks, real estate, or mutual fund shares.
Risk factor is high in case of the investment, whereas in savings the money is secure. The rate of interest varies in case of the investment, which is fixed in the case of the savings.
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This type of business organization is relatively easy to start, and it is subject to much lighter regulatory and paperwork burden than other business forms. The biggest disadvantage of the sole proprietorship is_________.
Business organization seems to be relatively simple to establish, and it faces far less regulatory and other working frameworks. The most significant disadvantage of a sole proprietorship is unlimited liability.
Which type of company is the most straightforward to establish?A sole proprietorship has no legal status. It has no independent existence outside of the owner of the company. A sole proprietorship is the most common type of business. It is simple and inexpensive to get started because the sole proprietor only needs to start and do business.
Is a sole proprietorship the most basic type of business?A sole ownership is the most basic and straightforward form of business ownership. It is owned by a single individual. There is not a distinction to be made between the person and the business. The owner shares in the business's profits and losses.
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why is it better for firms to keep their vision statements customer-oriented rather than product-oriented? group of answer choices customer-oriented visions tend to have a more short-range view of changing environments. customer-oriented visions tend to have a more myopic view of changing environments. customer-oriented visions tend to be more flexible when adapting to changing environments. customer-oriented visions tend to be more stable when dealing with changing environments.
Firms should keep their vision statements customer-oriented rather than product-oriented because Customer-oriented visions tend to be more flexible when adapting to changing environments. The correct option is c.
Why is it better for firms to keep their vision statements customer-oriented rather than product oriented?Customer-oriented vision statements allow companies to adapt to changing environments whilst product-oriented vision statements limit that ability. A product-oriented vision defines a business in terms of a good or service provided. It tends to force managers to take a more myopic view of the competitive landscape.
Customer-oriented visions tend to have a more short-range view of changing environments.
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true or false, one of the key elements of wal-mart's supply chain strategy was the ability to discount brand name products given their efficient logistics and supply chain?
The assertion is accurate. Wal-Mart provides significant savings to their customers. Even famously named products are eligible for discounts.
What supply chain tactics does Walmart employ?Walmart has further streamlined and optimized its supply chain by implementing a vendor management inventory (VMI) strategy. Participants in VMI are responsible for managing their own inventory, which is kept in Walmart's storage facilities.
Are Walmart's supply chain capabilities still a source of competitive advantage, or has the competition caught up to them?Wal-Store Mart's monitoring of and use of information technology for the effective movement of information throughout its shops, as well as the strategic relationships the company has managed to create over the years, are two major reasons why the supply chain continues to have a competitive advantage.
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Virtualized business process: move and transform bits rather than atoms
Any company that does all or the majority of its operations online is considered a virtual business. It might or might not have a physical presence, such as a warehouse or office, but there isn't an actual site that clients can go to.
What are the main advantages of running a virtual business?Virtual offices enable more productivity, cost effective transportation, and flexibility. The administrative and technological costs associated with virtual offices are also much cheaper, providing a more affordable option for modern working.
What is the strategy of a virtual company?A network of separate companies that come together, frequently only temporarily, to offer a service or good is referred to as a virtual organization. Virtual organizations are frequently linked to concepts like virtual leadership, teams, and office.
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what do you suppose are some of the advantages to hiring civilians to serve as military police officers? select all that apply.
The requirement for active-duty military soldiers in these professions is diminished by the utilization of civilian professionals. Numerous people have prior experience working as police officers for a civilian force.
What is a soldier?
In contrast to more specialized military vocations that call for diverse areas of expertise and skill sets, the term "soldier" in most militaries has a general connotation that refers to all personnel of any army. "Soldiers" may also be referred to by other terms such as trooper, tanker (a member of a tank crew), commando, dragoon, infantryman, guardsman, artilleryman, paratrooper, grenadier, ranger, sniper, engineer, sapper, craftsman, signaller, medic, or gunner, depending on the individual's military occupation specialty arm, service, or branch of military employment, type of unit, or operational.
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which of the following is true of the sherman antitrust act of 1890? responses it had little immediate impact on the regulation of large corporations. it had little immediate impact on the regulation of large corporations. it quickly limited the number of mergers taking place. it quickly limited the number of mergers taking place. it led to federal control of the railroads. it led to federal control of the railroads. it forced businesses to adopt pooling agreements. it forced businesses to adopt pooling agreements. it ended effective cooperation between business and the federal government.
Option (a), The Sherman Anti-Trust Act of 1890 had little direct influence on the regulation of huge enterprises.
What goals does the Sherman Antitrust Act of 1890 pursue?The government has the authority to sue trusts and dissolve them thanks to the Sherman Anti-Trust Act. Any arrangement that "hindered trade or commerce between the different states, or with foreign powers," whether it be in the form of a trust or otherwise, was seen as illegal.
What were the main goals of the Sherman Antitrust Act of 1890?By banning anti-competitive agreements, monopolistic action, collusion between competing enterprises, and other abuses, the US Congress established the Sherman Antitrust Act of 1890 in an effort to level the playing field for market participants and promote healthy competition.
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how often are you entitled to a free credit report?
By visiting AnnualCreditReport, you have the right to annually request one free copy of your credit report from each of the three major consumer reporting agencies (Equifax, Experian, and TransUnion).
Can you get a free annual credit report check?Every 12 months, you are legally entitled to a free credit report from each of the major national credit reporting agencies. You have the option of receiving these reports all at once or in phases.
A credit report from five years ago is available?There are no "old versions" of your credit report preserved anywhere due to the way data is updated; therefore, requesting a copy of your credit report from August 1993 cannot be done over the phone.
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Answer:
evry year u are entitled to get a free report thing
Explanation: took the test got it right
notes payable may be issued to creditors to satisfy previously created accounts payable. group of answer choices true false
It is true that the notes payable may be issued to the creditors to satisfy previously created accounts payable.
What is accounts payable?Accounts payable (AP), also referred to as "payables," is the word for short-term debts that a business owes to its creditors or suppliers but have not yet been settled. The balance statement of an organisation shows payables as a current obligation. Another, less common definition of "AP" is the business division or unit in charge of managing the company's payments owed to suppliers and other creditors. At some point in the future, a corporation's entire account payable balance will be included in its list of current liabilities. Accounts payable are obligations with a deadline for payment to prevent default. Simply an interim IOU from one business to another, the money transfer has no other purpose.
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gets a direct loan of money to go on vacation with his family. there is no down payment, and he will repay the loan over the next twelve months. what type of credit did eli use?
Eli used a personal loan with no down payments .
What is personal loan ?When someone borrows money for a personal need, such as investing in a business, it is referred to as a personal loan (also known as a consumer loan). A personal loan is a sum of money that you can borrow and spend for a number of things. For instance, you may utilise a personal loan to pay off debt, finance home improvements, or finance your ideal wedding. Banks, credit unions, and online lenders all provide personal loans. Installment credit includes personal loans. A personal loan provides borrowers with a single cash payment, unlike a credit card. Then, over the course of the loan's duration, borrowers make regular, monthly instalment payments of that sum plus interest.
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a. a booming economy increases the demand for housing. show the shift in the demand curve on your graph. what does this do to the price and quantity in the market?
The price increases and the quantity increases.
What is meant by demand curve?In economics, a demand curve is a graph that shows the relationship between a commodity's price and the amount that is desired at that price. Demand curves can be used to both the price-quantity connection for a single consumer as well as for all consumers in a given market.
The downward sloping demand curve, which shows an inverse relationship between price and quantity desired of a good, runs from left to right.
The demand timetable shown graphically. It demonstrates how price and quantity demanded are related. The Law of Demand When all else is equal, individuals will demand fewer units of an item or service when its price is higher. Both the price and the amount are rising.
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molson coors is the primary beneficiary for three investments that the firm identified as vies. what criteria did molson coors apply to determine that the firm is the primary beneficiary for these three investments?
To determine if Molson Coors is the primary beneficiary for an investment, the company likely applied the criteria outlined in Financial Accounting Standards Board's (FASB) Accounting Standards Codification (ASC) Topic 810, "Consolidation".
The Financial Accounting Standards Board's (FASB) Accounting Standards Codification (ASC) Topic 810, "Consolidation," provides guidance on how to determine if a company should consolidate an investee into its financial statements. In order to assess its control over an investee, Molson Coors would have to evaluate several factors such as:
Ownership interest: Molson Coors would assess its ownership interest in the investee to determine if it has the ability to make decisions that would impact the investee's economic performance.Representation on the board of directors: If Molson Coors has representation on the investee's board of directors, it would have the ability to make decisions about the investee's operations and direction.Participating rights: Molson Coors would assess if it has the right to participate in the investee's significant decisions such as approval of budgets or business plans.Intercompany agreements: Molson Coors would evaluate if there are any agreements with the investee that grant it control over the investee's operations or activities.Other factors: Molson Coors would also consider other relevant factors such as the size of its investment, the degree of influence it has over the investee, and whether it has the ability to absorb losses or receive benefits that could be significant to the investee.Once Molson Coors has evaluated all of these factors, it would then make a judgment as to whether it is the primary beneficiary of the investment and should consolidate the investee into its financial statements.
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which of the following are common protective covenants? multiple select question. the firm must issue additional long-term debt within a specified period the firm must maintain working capital at or above a specified level the firm must pledge assets to other lenders the firm must limit dividends to equity holders the firm cannot merge with any other firm
The firm must maintain working capital at or above a specified level, the firm must limit dividends to equity holders, the firm cannot merge with any other firm.
What is a dividend?A dividend is a payment made by a corporation to its shareholders, typically in the form of cash or additional shares of stock, as a distribution of the company's profits or earnings. Dividends are a way for companies to share their financial success with their owners and can provide a source of income for investors.
Equity holders are individuals or entities who own shares of stock in a company. They have an ownership stake in the company and are entitled to a portion of the company's profits and assets in the event of liquidation. Equity holders also have voting rights in some corporate matters, such as electing the company's board of directors or approving major business decisions. They are also known as stockholders or shareholders.
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suppose a gardener produces both tomatoes and squash in his garden. if the opportunity cost of one bushel of squash is 2/5 bushel of tomatoes, then the opportunity cost of 1 bushel of tomatoes is question 5 options: a) 2/5 bushel of squash. b) 5/2 bushels of squash. c) 2 bushels of squash. d) 5 bushels of squash.
Option b is the correct option.
In his garden, a gardener grows squash and tomatoes. If one bushel of squash has an opportunity cost of 2.5 bushels of tomatoes, then one bushel of tomatoes has an opportunity cost of the opportunity cost of 1 bushel of tomatoes will be 5/2 bushels of squash.
Opportunity cost is the value of the next best alternative that must be given up in order to pursue a certain action or choice. Opportunity cost is a fundamental concept in economics because resources are scarce and have alternative uses, and therefore choices must be made.
If the opportunity cost of one bushel of squash is 2/5 bushel of tomatoes, then the opportunity cost of 1 bushel of tomatoes is the inverse of this ratio, which is:
1 / (2/5) = 5/2
Therefore, the opportunity cost of 1 bushel of tomatoes is 5/2 bushels of squash.
So the answer is option b) 5/2 bushels of squash.
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what is the present value of a $10,000 payment that will be paid 2 years later (assume the market rate is 8%, compound samiannually)?
The present value of the $10,000 payment to be received 2 years later at an 8% semi-annual interest rate is $8,541.70.
How to find?
Firstly, consider the point that the present value of a future payment is equal to the future payment divided by (1 + interest rate)^number of periods.
So now in order to find the value, the market rate is 8% compounded semi-annually, so the semi-annual interest rate is 4%. The present value of a $10,000 payment to be received 2 years later can be calculated as follows:
PV = $10,000 / (1 + 0.04)^(2 x 2) = $10,000 / (1.04)^4 = $10,000 / 1.173281 = $8,541.70
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when you want to express the ratio of all outputs to all inputs, you should use a productivity measure. multiple choice question. complete partial factor total factor multifactor
When you want to express the ratio of all outputs to all inputs, you should use a total productivity measure.
Productivity refers to several measurements of manufacturing efficiency. A productivity measure is defined as the ratio of output to inputs used in a manufacturing process, or mathematically:
P = O/I
Where:
O = total output
I = total input
Productivity is a critical component in business and national production performance. Increasing national productivity can boost living standards by increasing people's ability to purchase products and services, enjoy leisure activities, improve housing and also education, and contribute to social and environmental programs.
Productivity increase also assists companies in becoming more profitable.
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if a country's mps is .10 and the government increases spending by $10 billion, what is the maximum change in national income? * 5 points $20 billion $80 billion $100 billion $110 billion
The maximum change in national income would be $100 billion. The correct answer D.
This is because the MPS is 0.10, which means that for every $10 billion increase in government spending, there will be a $100 billion increase in national income.
When the government increases spending, it increases the demand for goods and services. This increases the demand for labor, which leads to an increase in the wages of workers. As more people are employed, their disposable income also increases, which leads to an increase in consumption, resulting in an increase in aggregate demand and total output.
As output increases, so does the national income. The multiplier effect of government spending is the key to unders.
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a real estate brokerage company has developed standardized policies regarding the inventory of properties to be shown to prospective buyers, the company's standards for qualifying buyers, and documentation of all conversation and showings. these policies can help the firm defend itself in the event of an accusation of a discrimination, but only if the policies:
These policies can help the firm defend itself in the event of an accusation of a discrimination, but only if the policies require every licensee in the firm to follow them consistently.
What is a Real estate brokerage?
Real estate brokers are required to employ real estate agents. They are unable to do their jobs alone. A real estate license must also be obtained and passed the state criteria. An agent may only be affiliated with one brokerage in certain states.
Brokers have the option of working for themselves, setting up a brokerage company, and hiring real estate agents. They might also work with different brokerage houses. The state standards, however, may be more stringent due to the nature of their business and employment. They must first pass the brokerage exam.
Contrary to common assumption, "realtor" is not a generic noun. It can only be used by National Association of Realtors (NAR) members.
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which committee established a framework for internal control? group of answer choices treadway committee cohen committee house subcommittee on oversight and investigations the audit committee
Tread way committee, established a framework for internal control. Thus, option (a) is correct.
What is committee?The term committee refers to the efficient operation of an organization. there was the work in such as investigate, report on some matter, delegated to consider, and the advisory committee.
According to the internal control in the framework is Tread way committee. Tread way committee was the established in 1985. The main work to evaluate internal controls in the businesses, fraud deterrence, and the risk management.
As a result, the significance of the committee are the aforementioned.
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At what level do employees develop, control, and maintain core business activities required to run the day-to-day operation?
Operations at the operations level, employees develop, manage and maintain the core business activities necessary for ongoing operations.
What is the Operational Level?
The operational level deals with the use of military force on the battlefield or area of operations to gain an advantage over the enemy and thereby be strategic. Goals through campaign design, organization, execution, and larger operations.
What is the operational degree of management?
Operations management is short-term management. It concerns the management and organization of the company's day-to-day activities. Operations management is also known as middle management. This form of management complements strategic management and top management based on a long-term vision.
What is operational level selection making?
Operational decisions are short-term decisions, typically made on a weekly, daily, or hourly basis, focusing primarily on operational details, daily resource allocation, inventory management details, and supply planning. , ensuring operational efficiency and optimal product flow in line with biomass.
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webster corporation is preparing a master budget for the first quarter. the company budgets production of 2,860 units in january, 2,690 units in february and 3,190 units in march. each unit requires 0.7 hours of direct labor. the direct labor rate is $13 per hour. compute the budgeted direct labor cost for the first quarter budget. multiple choice $73,437. $79,534. $113,620. $104,910. $61,180.
Budgeted direct labor cost is the estimated cost of the direct labor required to produce a specific number of units, as determined in a budget.
The budgeted direct labor cost for the first quarter can be calculated as follows:
Budgeted direct labor hours = (2,860 units * 0.7 hours/unit) + (2,690 units * 0.7 hours/unit) + (3,190 units * 0.7 hours/unit)
= 2,010 hours + 1,883 hours + 2,233 hours
= 6,126 hours
Budgeted direct labor cost = 6,126 hours * $13/hour
= $79,534
So, the budgeted direct labor cost for the first quarter is $79,534.
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what is the value today of a $12,000 cash flow expected to be received eight years from now based on an annual interest rate of 6%?
The value of a $12,000 cash flow that will be received eight years from today based on an annual interest rate of 6% is equal to 12000 divided by (1+0.06) 8 = 7528.
Definition of "interest rate"?The interest rate is the additional sum that a lender charges a borrower for the use of assets over and above the principal. An interest rate also applies to the money earned from a deposit account at a bank or credit union. In most mortgages, simple interest is used. Nevertheless, some loans use compound interest, which is charged to both the principle and the interest that has accrued in previous periods. For a borrower who the lender considers to be low risk, the interest rate will be reduced.
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why is it particularly important for a cooperative owner to review the annual financial statement of the coop
It's important for a cooperative owner to review the annual financial statement of the co-op to understand the financial health and performance of the business, and to make informed decisions about their investment.
It is essential for a cooperative owner to review the annual financial statement. This statement provides an overview of the cooperative’s financial performance over the past year, including its income, expenses, and net profit or loss.
By doing so, the owner can make informed decisions about their investment and ensure that the cooperative is in a good financial standing. The annual financial statement provides valuable insight into the financial standing of the cooperative, and it is important for the owner to review it in order to make informed decisions.
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at the end of the year, walter received a form that showed his payments from independent contracting. that form is called a:
Walter received a form at the end of the year that detailed his payments from independent contracting. Its designation is a 1099.
What other name might a 1099 go by?If payment for services you provided is included on Form 1099-NEC, Nonemployee Compensation, the payer is considering you as a self-employed worker, also referred to as an independent contractor.
The IRS 1099 Form can be used to record specific types of income. This crucial tax document details all earnings you have in excess of the wage you received from your employer. If you are self-employed or run a side business, you must file Form 1099.
How do independent agreements operate?A person who works for a business is referred to as an independent contractor. He must do the assignment or project himself rather than assigning it to an employee. The independent contractor receives the assignment from the company; as a result, it is not the company that chooses if the project or job is to be finished.
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refer to scenario 1-1. using marginal analysis terminology, what is another economic term for the incremental revenue received from the sale of the last 400 t-shirts?
Refer to scenario 1-1. using marginal analysis terminology, marginal cost is another economic term for the incremental revenue received from the sale of the last 400 t-shirts .
By marginal cost, what do you mean?
When we talk about the marginal cost, we're talking about the rise in production costs brought on by the creation of more product units. The marginal cost of manufacturing is another name for it.
Businesses may evaluate how cost and, ultimately, earnings are influenced by volume output by calculating the marginal cost.
What are total cost and marginal cost?
Average total cost (ATC) is defined as total cost divided by the total amount of output produced. The extra expense required when generating one extra unit of output is known as marginal cost (MC).
Total production costs, which comprise fixed and variable costs, are a consequence of marginal costs.
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their next campaign was a lead generation campaign. they know that every five leads converts into a $20 sale. the campaign cost $800, and they generated 1,000 leads. what was the cost per result?
The cost per result for this lead generation campaign was $0.80.
What is generation campaign?A generation campaign is a type of marketing strategy designed to reach a target audience within a specific age range. It typically involves creating content, materials, and activities that are specifically tailored to the interests and needs of the target audience. Generation campaigns often use data-based insights to customize their messaging and deliver the most relevant content possible to the target audience. This strategy is often used to reach Millennials, Generation X, or Generation Z.
The cost per result is calculated by dividing the total campaign cost by the total number of leads generated. In this case, the cost per result is $0.80 ($800 ÷ 1,000 = $0.80).
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market includes a. sellers only. b. buyers only. c. both buyers and sellers. d. the place where transactions occur but not the people involved
Answer:
a market is a place where both buyers and
seller exchange goods and services
how to answer do you need sponsorship now or in the future for employment if i can get green card using other way
The choice should be Yes if it is the need for the employer to start (or sponsor) an immigration or work permit case in order to hire you, either now or in the future. Alternatively, click No.
How can anyone decide anyone for their sponsorship?It indicates if anyone need the employer to sponsor the H1b now or in the future in order for anyone to be qualified to work for them. They can tell if anyone qualify to work for them without a sponsor by asking you this question. Green card sponsorship is another name for a work sponsorship. Anyone must apply for employment sponsorship if they want to permanently recruit a foreign worker who has been employed by you on a temporary visa.
So, The choice should be Yes if it is the need for the employer to start (or sponsor) an immigration or work permit case in order to hire you, either now or in the future. Alternatively, click No.
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ackle the test: multiple-choice questions 1. bank reserves include which of the following? i. currency in bank vaults ii. bank deposits held in accounts at the federal reserve iii. customer deposits in bank checking accounts a. i only b. ii only c. iii only d. i and ii only e. i, ii, and iii
Bank reserves include which of the following: i. currency in bank vaults and ii. bank deposits held in accounts at the federal reserve only.
Bank reserves refer to the amount of money that a commercial bank holds in reserve, either in its own vault or at a central bank, such as the Federal Reserve. The main purpose of maintaining bank reserves is to ensure that the bank is able to meet its obligations to its customers, such as allowing them to withdraw cash from their checking accounts. There are two components of bank reserves: currency in bank vaults (i) and bank deposits held in accounts at the Federal Reserve (ii). Customer deposits in bank checking accounts (iii) are not considered part of the bank's reserves because these funds can be withdrawn by the customers at any time. Hence, bank reserves include currency in bank vaults and bank deposits held at the Federal Reserve (i and ii only).
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ohn budd is the sole stockholder of ral corp., an accrual basis taxpayer engaged in wholesaling operations. ral's retained earnings at january 1, year 9, amounted to $1,000,000. for the year ended december 31, year 9, ral's book income, before federal income tax, was $300,000. included in the computation of this $300,000 were the following: dividends received on 500 shares of stock of a taxable domestic corporation that had 1,000,000 shares of stock outstanding (ral had no portfolio indebtedness) $1,000 what portion of the dividend revenue should be included in ral's year 9 taxable income?
The portion of dividend revenue should be included in Ral's year 9 taxable income is $700000.
What is a dividend?A dividend is the distribution of a company's profits to its shareholders. Any money that is left over is seized and put back into the business (called retained earnings). Due to the fact that a corporation is often not permitted to pay dividends out of its capital, both the profit from the current year and the retained earnings from earlier years are available for distribution. Dividends received by shareholders are considered income and may be subject to income tax. Depending on the jurisdiction, different taxes may be applied on this revenue. It is not tax deductible for the corporation to pay dividends. A fixed amount is distributed per share and is distributed as a dividend to shareholders in proportion to their ownership.
Taxable income= $1,000,000-$300,000= $700000
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