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2 years ago

How much money does Lupe now have in her checking account?

Business

2 answers:

Likurg_2 [28]2 years ago

5 0

75 I think not 100% but that makes Sense

Veseljchak [2.6K]2 years ago

3 0

$75 dollars.

She has a balance of $25 and adds her $50 paycheck to it, for a new balance of $75.

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Emily, age 58, has been a participant in the Icon, Inc. ESOP for fifteen years. She plans to retire at 65. At the end of this ye

Andrej [43]

Answer:

How much must Icon allow Emily to diversify this year?

The answer is $250,000

Explanation:

After attaining the age of 55 years and participating already for ten years in the ESOP.
Emily will be allowed to diversify the value equal to 25% of investments.
50% of the investment is allowed to be diversified if it is final year of participation but in the present case it is not the final year before the retirement of the Emily so she will not be allowed 50% diversification and only up to 25% is allowed on which the percentage of investment already diversified in previous years will also be reduced.
Since here in the past no amount has been diversified by Emily so she will be allowed 25 % of investment to diversify in the current year which comes to $250,000 ($1,000,000* 25%). Thus the answer is $250,000.

7 0

1 year ago

You are auditing Rodgers and Company. You are aware of a potential loss due to noncompliance with environmental regulations. Man

aniked [119]

Answer:

D. disclose a liability and provide a range of outcomes.

Explanation:

As there are 40% chances to the outcome that liability will occur, it is not nominal to be ignored. And therefore, it shall be shown in the balance sheet, as a note, with different possibilities and their expected results.

As the amount attached is huge and that the company shall not ignore such a coming liability, as if it do not happen, it can be reversed, and if it does the company shall be ready to have the liability in case of any default.

4 0

2 years ago

The winds of the recent hurricanes in Florida are bringing significant financial gain to California orange growers. Due to the e

Vedmedyk [2.9K]

Answer:

The correct answer is option d.

Explanation:

Unfavorable weather in Florida has adversely affected the production of Florida oranges. The decline in production has led to reduced supply of Florida oranges. This decrease in supply will lead to an increase in the price.

As Florida oranges and California oranges are substitutes, with the increase in the price of Florida oranges will lead to an increase in the demand for California oranges as people will prefer the cheaper substitute.

6 0

1 year ago

When the price of a candy bar is $1.00, the quantity demanded is 500 per day. When the price falls to $0.80, the quantity demand

spayn [35]

Using the midpoint method, we know that the demand for candy bars is <u>a. inelastic</u>.

<u>Explanation</u>:

The demand is said to be inelastic when the demand for the goods and services does not change with the change in price.

When the price of the product increases and there is no reduction in the demand of the product is known as inelastic demand. The demand tends to be inelastic for the daily use and necessary goods and services.

Elasticity can be computed with the help of the midpoint method as it gives the result regardless of the direction of change.

6 0

1 year ago

Barnett Industries, Inc., issued $600,000 of 8% bonds on January 1, 2019. The bonds pay interest semiannually on July 1 and Janu

Vera_Pavlovna [14]

Answer:

1. The selling price of the bonds is $590.976.46

2 .The journal entry for the issuance of the bonds and bond issue costs would be as follows:

Debit Credit

Cash $538,976.26

Discount on bonds payable $39,023.74

Unamortized bonds issue costs $22,000

Bonds Payable $600,000

3. Assuming that Barnett uses IFRS, the journal entry for the issuance of the bonds would be as follows:

Debit Credit

Cash $600,000

Bonds Payable $600,000

Explanation:

In order to calculate the selling price of the bonds we would have to calculate first the present value of particular and present value of interest, hence:

present value of particular=($600,000×0.414643)=$248,785.80

present value of interest=$600,000×4%13.007936=$312,190.46

Therefore, selling price of the bonds=present value of particular+present value of interest

1. Selling price of the bonds=$248,785.80+$312,190.46=$590.976.46

2. The journal entry for the issuance of the bonds and bond issue costs would be as follows:

Debit Credit

Cash $538,976.26

Discount on bonds payable $39,023.74

Unamortized bonds issue costs $22,000

Bonds Payable $600,000

3. Assuming that Barnett uses IFRS, the journal entry for the issuance of the bonds would be as follows:

Debit Credit

Cash $600,000

Bonds Payable $600,000

4 0

2 years ago