In that design, the region that does not overlap with either "A space" or "B space" would retain the maximum amount, or 32%. Therefore, 32%, or 0.32, is the highest number for the likelihood that none of these two occurrences will occur.
Is a stock an asset?Stocks are not actual assets; they are financial assets. Paper assets that are easily convertible to cash are referred to as financial assets. Real assets have inherent worth because they are tangible.
Over the long term, stocks have the most potential for growth (capital appreciation) for investors. Investors who have chosen to hold onto equities for an extended length of time—say let's 15 years—have often been rewarded with robust, profitable returns.
Equities and stocks are the same thing.
Learn more about Stocks refer
https://brainly.com/question/25818989
#SPJ4
Ji-eun loves her car. Recently, she noticed her tires were getting worn. She took it into the dealership, where she was told that all her tires were worn and should be replaced. Ji-eun knows this will be a significant investment. She decided on getting the most expensive tires because they are high quality and she wants the best. She hopes she is making the right decision. At least she will not have to purchase tires for several more years, unless she gets a flat. Ji-eun’s involvement with her tire purchase is an example of ______.
Ji-eun’s involvement with her tire purchase is an example of high involvement.
High involvement in the purchase process is defined as:
It corresponds to making a decision about any purchase which involves a series of important deliberations about the characteristics as well as long-term consequences.
Therefore, the high involvement in the purchase process generally occurs with consumer durables or where consumers look for the best options that will satisfy their long-term needs.
To know more about purchase process here:
https://brainly.com/question/27975123
#SPJ1
in the 1990s, many people had rising incomes. at the same time, there was a rise in cost of wood. holding other factors constant, the demand for houses and the supply for houses . a. increase, increase b. increase, decrease c. decrease, increase d. decrease, decrease
In the 1990s, many people had rising incomes. At the same time, there was a rise in cost of wood. Holding other factors constant, the demand for houses Increase and the supply for houses decrease.
What is income?The amount of money, property, and other transfers of value received over a predetermined period of time in exchange for services or goods are generally referred to as "income." Income is defined according to the context in which the concept is used; there is no single, universal definition.
Income is the money that a person or organisation receives in return for providing labour, producing a good or service, or investing capital. While businesses make money by selling goods or services above their cost of production, individuals typically earn money through wages or salaries.
To learn more about income visit:
https://brainly.com/question/14732695
#SPJ4
review each of the following statements to determine which is correct regarding the importance of assessing a company's risk of paying debt. (check all that apply.)
The correct statement regarding the importance of assessing a company's risk of paying debt includes:
If a company has a lot of debt, they may not be able to afford to take on new debt.A company's required debt payments may be greater than its ability to generate money to make those payments.A company that finances their assets by borrowing will need to make enough money to pay off the debt.What is a company's debt?As a comprehensive word, it refers to overall indebtedness of a company for its borrowed money whether a current, short-term, long-term as well as accrued and unpaid interest, fees, premiums, prepayment or termination penalties etc.
For this context, the correct statement regarding the importance of assessing a company's risk of paying debt includes when a company has a lot of debt, they may not be able to afford to take on new debt, company's required debt payments may be greater than its ability to generate money to make those payments, company that finances their assets by borrowing will need to make enough money to pay off the debt.
Therefore, the Option A,B,C is correct.
Missing options "If a company has a lot of debt, they may not be able to afford to take on new debt. A company's required debt payments may be greater than its ability to generate money to make those payments. A company that finances their assets by borrowing will need to make enough money to pay off the debt. Assessing a company's risk of paying off debt is not required when the company is highly leveraged.."
Read more about company debt
brainly.com/question/21107102
#SPJ1
is a schedule or curve showing the various amounts of a product that producers are willing and able to make available for sale at each possible price during a specific period.
Supply is a schedule or curve showing the various amounts of a product that producers are willing and able to make available for sale at each possible price during a specific period.
Supply is the amount of product a company can offer to its customers at a specific price. Demand is the customer's desire to purchase a product at that price. Demand and supply work together to create a balanced and competitive market.
Supply is the number of products or services that a business must provide to its customers at any given time. For brick-and-mortar stores, this means inventory that a business stores on its premises and warehouses that it can sell to customers.
Delivery of Goods means the agreed transfer of ownership of the Goods. Sale of movable property on a commission basis by an auctioneer or agent acting in his own name but acting on behalf of another person. Delivery of goods under an installment contract
Learn more about Supply here:-https://brainly.com/question/4803223
#SPJ4
a good with many close substitutes is likely to have relatively demand, since consumers can easily choose to purchase one of the close substitutes if the price of the good rises. a good’s price elasticity of demand depends in part on how necessary it is relative to other goods. if the following goods are priced approximately the same, which one has the least elastic demand?
A good with several close substitutes is likely to have somewhat elastic demand because consumers can simply decide to buy one of the close replacements if the price of the good increases.
The price elasticity of demand for a commodity is somewhat influenced by how essential it is in comparison to other goods. The most flexible market is for diamond necklaces.
Price elasticity of demand: what is it?Price elasticity of demand is the term for the correlation between the percentage change in the quantity of a good desired and the percentage change in price. It helps economists comprehend how supply and demand shift in response to changes in a product's price.
An elastic demand is what?A price change causes an elastic demand to suffer a large change in amount desired. Demand is said to be inelastic when it does not significantly alter in response to a price change.
Learn more about price elasticity of demand: https://brainly.com/question/20630691
#SPJ4
barton industries had the following asset accounts at year end: cash $10,000 accounts receivable 2,500 supplies 750 equipment 12,000 building 70,000 land 112,000 what are barton’s total current assets?
Barton’s total current assets is $13,250.
What is assets?Any resource that a company or other economic entity owns or controls is referred to as an asset in financial accounting. Anything that has the potential to generate gains in the economy qualifies. Assets are ownership values that can be exchanged for cash.By adding your obligations and your equity, you can calculate your total assets. The easiest way to get total assets using this technique is to deduct the value of liabilities from the value of equity or assets because liabilities have a negative value. Your overall assets are represented by the resultant number.Calculation of total current asset:total current asset =Cash + accounts receivable + supplies
= $10,000 + 2,500 + 750
= $13,250
Hence, Barton’s total current assets is $13,250.
Learn more about asset here:
https://brainly.com/question/14826727
#SPJ4
An approach to visualizing and managing capacity that recognizes that nearly all products and services are created through a series of linked process, and in every case, there is at least one process step that limits throughput for the entire chain is the formal definition of?.
An approach to visualizing and managing capacity that recognizes that nearly all products and services are created through a series of linked process, and in every case, there is at least one process step that limits throughput for the entire chain is the formal definition of Theory of Constraints (TOC).
A process improvement methodology called the Theory of Constraints places emphasis on the significance of locating the "system constraint" or bottleneck. Utilizing this limitation allows businesses to meet their financial targets while providing on-time, full deliveries (OTIF) to consumers, preventing stockouts in the supply chain, cutting down on lead times, etc.
Better operational control, less inventory, less disputes among team members, and far less firefighting are further common advantages of applying the Theory of Constraints. Without new capital expenditure or employee hire, increased capacity frequently becomes exposed.
The Theory of Constraints reorients management toward maximizing the flow of throughput produced by the entire system rather than on optimizing individual assets, functions, and resources.
Learn more about Theory of Constraints, here
https://brainly.com/question/19756738
#SPJ4
Brian is calculating his tax deductions. he finds that he can deduct $1,225 as a result of money given to charity, $4,391 from interest paid on his mortgage, and $2,821 from what he paid in state and local taxes. what is brian’s total deduction? a. $8,437 b. $8,383 c. $6,414 d. $5,700 please select the best answer from the choices provided a b c d
Brian's total deduction annual income is $8,437.
To find your annual income, first, multiply your hourly rate by the number of hours worked per week, then multiply the total by 52. Now that you know your total annual income, divide it by 12 to get your monthly income. This will deduct the entire rent for the rental property. However, you can deduct the mortgage interest and property taxes you paid on the property as part of your rent.
Money given to charity = $1225
state and local tax paid = $2821
interest paid to his mortgage = $4291
therefore total tax deduction is = $1225 + $2821 + 4291
= $8437.
In addition, an annual depreciation deduction for the building can be made over the useful life of the building. Landlords can no longer deduct mortgage interest from rental income to reduce the taxes they pay. He is entitled to a tax deduction based on 20% of the interest portion of the mortgage payment. This rule change could mean paying more taxes than before. Medical dental taxes interest charitable donations accidental and theft losses labor costs, and certain other expenses.
Learn more about Annual income here:-https://brainly.com/question/6070671
#SPJ4
What skills are needed to become a product designer?
Answer:
To become a product designer you need a very atistic skill which have the smartness and the smell of a real artist
Explanation:
You need good drawings skills and you need good imagination so one day you could be the best product designer in the world
Match each sales or pricing practice to the description.
Based on the descriptions given, the pricing practices are:
Deceptive practices - Unethical actions taken to trick or mislead customers. Price fixing - Maintaining of prices at a certain level Predatory pricing - Selling a product at a price that is lower than cost as a way to get rid of competition Price gouging - Setting prices at a much higher level than what is considered fair Price discrimination - Selling a product or service to different buyers at different prices Cold calling - A sales strategy in which a salesperson contacts a person without their consent What are some pricing strategies?There is price fixing where oligopolies maintain prices at a certain level by agreeing with themselves as the competing sellers.
There is price discrimination where products are sold to different buyers at different prices to make more profit.
Find out more on price gouging at https://brainly.com/question/14610917
#SPJ1
a. Suppose that businesses buy a total of $140 billion of the four resources (labor, land, capital, and entrepreneurial ability) from
households. If households receive $76 billion in wages, $18 billion in rent, and $28 billion in interest, how much are households paic
for providing entrepreneurial ability
The total households paid If households receive $18 billion in rent, $76 billion in wages, and also $28 billion in interest is $18 Billion. It can be calculated by add up all households receive than then subtract by purchase price.
Entrepreneurship can be described as an activity that is inherent and side by side with everyday life. Although there are risks in entrepreneurship, don't just focus on them. Understand the business being run so that you can benefit from running it.
There are several essences in entrepreneurship, including the following:
• Economic activity
• Creative activity
• Business-oriented tendencies
• Organizing activities
• Risk-taking activities
• Dynamic process
• Innovative activities
• High performance function
• Purposeful activity
• Professional activities
• Not personality traits, but behavior
• Knowledge-based practice
• Managerial skills and leadership functions
• Based on principles, not on intuition
The calculation is:
Total households paid = $76B+$18B+$28B - $ 140B
Total households paid = $122B - $ 140B = $18B
You can learn more about Entrepreneurship here brainly.com/question/18203575
#SPJ4
Nick has $50 to spend during fall break. He decides to spend $10 each day. Which equation represents the amount of money nick has left, y, and the number of days x?.
The equation that represents the the amount of money Nick has left, y, and the number of days x is x + $10y = $50
How to find the equationThe question wants us to find the equation that would represent the number of days that Nick has and the money that he has left.
In order to do this we would have to define these terms as:
Let Y be the number of days we have been on vacation
Let X be the amount of money left on any given day.
Then we would have to put this in the standard equation form. This would be written in this form:
ax + by = c
where b = 10 and c is given as 50
This would then give us the equation that is written in the form os
x + $10y = $50
Therefore the equation that represents the the amount of money nick has left, y, and the number of days x is x + $10y = $50
Read more on equation here: https://brainly.com/question/13763238
#SPJ1
given the following historical demand, what is the 4-period (n=4) moving average forecast for week 6? week 1 = 4000 week 2 = 6000 week 3 = 8000 week 4 = 10000 week 5 = 12000 week 6 = predict using the 4-period (n=4) moving average forecast
In everyday language, a average is a single variety taken as consultant of a listing of numbers, commonly the sum of the numbers divided by how many numbers are in the listing. for example, the common of the numbers 2, three, 4, 7, and nine is 5.
F Ds+D4+D3+D2/4
=10000+8000+6000+4000/4
=28000/four
F6=7000
The shifting average forecast for week 6 is F6-7000
The transferring common is a statistical approach used for average forecasting lengthy-term traits. The technique represents taking an average of a hard and fast of numbers in a given range whilst transferring the variety.
Learn more about average here
https://brainly.com/question/20118982
#SPJ4
You are thinking about buying a bond that offers an annual coupon rate of 6%, with exactly 8 years remaining to maturity. The face value of the bond is $1,000. Your required return is 5% per year. How much should you be willing to pay for this bond?.
The annual income an investor might anticipate while owning a specific bond is known as the coupon rate. The amount that I would be willing to pay for this bond will be 1064.6321.
It is determined at the time the bond is issued and is calculated by dividing the sum of the annual coupon payments by the par value. At the time of purchase, a bond's yield to maturity and coupon rate are equal.
Yield to Maturity is calculated as [Annual Interest + (FV-Price)/Maturity]. (FV + Price)/2
Annual Interest is equal to the bond's yearly interest payment.
FV is the bond's face value.
Price = The Bond's Current Market Price.
Maturity equals Time to Maturity, or the number of years before the bond's maturity.
To know more about coupon rate refer:
https://brainly.com/question/16913107
#SPJ4
A business ________ is a logically related set of activities that defines how specific business tasks are performed.
A business process is a logically related sequence of actions that specify how particular business tasks are carried out. It is a distinctive method of coordinating work, information, and knowledge inside an organization.
A business process is a group of interconnected actions that culminate in the supply of a service or good to a customer. Another definition of a business process is a series of tasks and activities that, when finished, will achieve an organizational objective. Business procedures are those that directly benefit clients and the business. They are the processes that immediately generate cash. Examples include the process from order to payment, the creation of items, and the delivery of goods to clients. There is a cycle that must be followed in order to incorporate continuous improvement into a company. The business process lifecycle is what it's known as. It is a cycle in an unending manner, as the name suggests. Modeling, monitoring, implementation, execution, and optimization are the steps.Know more about the business process:
https://brainly.com/question/15698916
#SPJ4
You want to buy a house and will need to borrow $180,000. the interest rate on your loan is 4.99 percent compounded monthly and the loan is for 25 years. what are your monthly mortgage payments?
Principal and interest payments make up your monthly mortgage payments. You must purchase private mortgage insurance if your down payment is less than 20%, which raises your monthly payment.
Mortgage is $1051.21 per monthMortgage payments are computed monthly using an EMI (equated monthly installment)CALCULATION
EMI = P R (R + 1) / [R + 1) -1]
180,000 as the principal amount
4.99% interest rate is R.N is equal to 25, years.EMI= 180,000×0.0499 ( 1 + 0.0499 ) ^ 25 / [ ( 1 + 0.0499) ^ 25 - 1 )
Therfore,
EMI on a mortgage is $1051.21 per month.
To learn more about Mortgage Payments, Click the links.
https://brainly.com/question/24174269
https://brainly.com/question/17329729
#SPJ4
private bargaining, subsidies to producers, subsidies to consumers, and government provisions are all ways for correcting the of resources associated with externalities.
Answer:
Government provision
Explanation:
The degree to which managers are concerned with increasing employee job satisfaction is a(n) ________ managerial decision based on the culture of the organization.
Managers make a key managerial decision depending on the organizational culture on how much they care about improving employee job satisfaction.
How is job happiness impacted by organizational culture?
Strong organizational culture has nearly always been viewed as a motivating factor for employees to perform better. Employee dedication and self-assurance are increased, job stress is decreased, and employees' ethical behavior is improved. H2: Organizational commitment affects job satisfaction favorably as well.
What does organizational culture entail?
The appropriate behavior inside a company is determined by its culture. This culture is made up of common values and beliefs that have been formed by leaders, disseminated, and reinforced through a variety of channels, ultimately influencing employee perceptions, actions, and comprehension.
To learn more about organizational culture from the given link.
https://brainly.com/question/26965722
#SPJ1
what is the total dollar amount of personal and dependency exemptions a married couple with two children (ages 11 and 14, both of which are qualified children) and $80,000 of adjusted gross income would deduct in 2021?
For 2021, the pinnacle credit share of qualifying charges expanded from 35% to 50%. In addition, eligible taxpayers can declare qualifying infant and established care fees of up to: $8,000 for one qualifying toddler or dependent, up from $3,000 in prior years.
Why is my refund diminished in 2021?If you didn't account for every job throughout your W-4s, you may also not have withheld enough, so your tax refund could be much less than predicted in 2021. Not factoring eligibility changes for tax credit and deductions: There may additionally be other influences on your refund due to the credit you can take.
Learn more about taxes reduces by ependent 2021 here:
https://brainly.com/question/25504231#SPJ4A local boat manufacturing company has been family owned for more than 70 years, and it is the largest employer in the county. The boat company demonstrates corporate social responsibility by:________
The boat company shows corporate social responsibility by their initiative to start a free trade school that would train people to be welders, electricians, plumbers, or boat builders.
Corporate social responsibility (CSR) is a self-policing business model that aids an organization in being socially responsible to itself, its stakeholders, and the general public. Companies can be aware of the kind of effect they are having on all facets of society, including the economic, social, and environmental, by engaging in corporate social responsibility, also known as corporate citizenship. When a firm practices corporate social responsibility (CSR), it means that it operates in a way that benefits the environment and society rather than harming it.
Learn more about corporate social responsibility here:
https://brainly.com/question/13528806
#SPJ4
Bookkeeping differs from accounting in that bookkeeping primarily involves which part of the accounting process?
a. communication
b. analysis
c. identification
d. recordin
Bookkeeping differs from accounting in that bookkeeping primarily involves recording part of the accounting process. Accounting entails summarizing, analyzing, and reporting these transactions to oversight organizations, regulators, and tax collection institutions. Accounting is a process that seeks to make sense of a company's day-to-day financial activities.
This procedure deals with the constant flow of paperwork that normally accompanies every financial transaction, such as invoices received from suppliers for goods purchased by the company. The accounting cycle is the process of finding, assessing, and recording a company's accounting events. It is a conventional eight-step process that begins with the occurrence of a transaction.
To learn more about accounting, click here.
https://brainly.com/question/13310721
#SPJ4
Used by many smaller companies to help streamline procurement or distribution processes, ________ is an internet site whose purpose is to be a major starting point for users when they connect to the web.
Used by many smaller companies to help streamline procurement or distribution processes, a web portal is an internet site whose purpose is to be a major starting point for users when they connect to the web.
In the field of computers, we can describe a web portal as a website that offers data or information collected from various sources so that they can be present on the same website.
A web portal is specially designed and is properly managed as there are sections for each source from where the data is taken.
A web portal helps smaller companies in getting access to data that they need on the same page. The ideas for streamlining procurements and reliable distribution processes that small companies need to learn and reach can be found in the web portal.
To learn more about web portal, click here:
https://brainly.com/question/26985425
#SPJ4
Observations that people may actually process and manipulate information rather than simply store it for brief periods of time challenged the conceptualization of.
The observation that people can actually process and manipulate information rather than just storing it for short periods of time challenges the conceptualization of short-term memory.
Short-term memory, also known as primary memory or active memory, is the capacity to store small amounts of information in the mind and make it available for a short period of time.
Most of the information stored in short-term memory will be retained for about 20 to 30 seconds, but it can also be for only a few seconds if repetition or active maintenance of the information is prevented. Some information can persist in short-term memory for up to a minute, but most information spontaneously decays or disappears fairly quickly, unless one uses training strategies such as saying the information out loud or mentally repeating it.
You can learn more about Short-term memory here brainly.com/question/7095837
#SPJ4
you are thinking of going out to dinner at a restaurant with your friends. the meal is expected to cost you $50, you typically leave a 20% tip, and a round-trip uber ride will cost you $20. you value the restaurant meal at $20, and the time spent with your friends at $30. if you did not go out to the restaurant, you would eat at home using groceries that cost you $10. you should to dinner with your friends because the benefit of doing so is than the cost.
The fill in the blanks is not go and less
Saving money is vital since it gives you protection in case of an unexpected financial situation. Saving money may provide you a better sense of financial independence, enable you to make significant purchases without going into debt, lessen your financial stress, leave a financial legacy, and minimize your financial stress. The reason why saving money is so important is because it gives you more freedom and security in your life. If you have money saved up for emergencies, you will always have something to fall back on. Additionally, you might be able to take chances or try new things if you have money put up for discretionary spending.
To know more about money saving refer to https://brainly.com/question/23050834
#SPJ4
Suppose you are buying your first condo for $180,000, and you will make a $15,000 down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6. 5% nominal interest rate, with the first payment due in one month. What will your monthly payments be?.
Answer:
490 dollars for moth
Explanation:
first we add 180000 plus 6.5% interest then we subtract the 1. payment and the result is 176700, then we multiply 30 years by 12 months which is equal to 360 months and then we divide that by 17670 and the result is 490 dollars per month
The ______ ______ ______ measures how much profit out of each sales dollar remains after all expenses are subtracted.
The Net Profits Margin measures how much profit out of each sales dollar remains after all expenses are subtracted.
Your net profit margin illustrates what proportion of your revenue is left over after all costs have been subtracted. This figure demonstrates how effectively your company converts revenue into profit.
Net Profit Margin: The ratio of net income to revenues received is known as the net profit margin.
Investors can determine whether a company's management is making enough money from sales and whether operational expenditures and overhead expenses are in check using the net profit margin.
To learn more about Net Profit Margin, visit the following link:
https://brainly.com/question/28390615
#SPJ1
a private corporation that needs more money to expand or to take advantage of opportunities may have to obtain financing by "going public" through a(n) blank , that is, becoming a public corporation by selling stock so that it can be traded in public markets.
a private corporation that needs more money to expand or to take advantage of opportunities may have to obtain financing by "going public" through a(n) initial public offering, that is, becoming a public corporation by selling stock so that it can be trade in public markets.
How is a private business become public?A firm that wants to go public must first price and list its shares, distribute IPO shares to the initial investors, and allow trading of those shares on a stock exchange before filing a registration statement with the SEC that the SEC deems "effective.
What takes place after an IPO for a company?Through underwriting due diligence, IPO shares of a firm are valued. When a firm goes public, the privately held shares become publicly owned, and the existing private shareholders' shares are now worth the public trading price.
How does an IPO operate and what is it?A private firm goes public through an initial public offering (IPO), in which its shares are sold on a stock exchange. Investment banks help private companies sell their shares to the public, which involves extensive due diligence, marketing, and regulatory requirements.
To Know more about initial public offering
https://brainly.com/question/14595967
#SPJ4
How much will you accumulate in an account where you deposit $1,100 a year at the beginning of the next 3 years if you can earn 5% annually?.
It will accumulate in an account where the deposit is $1,100 a year at the beginning of the next 3 years if you can earn 5% annually is $3,346.90.
An account with an APR of 8% compounded quarterly has an annual interest rate EAR of 8.243%. A regular annuity is an annuity with cash flows or payments at the end of the period. Interest added to the original investment earns itself interest for subsequent periods.
calculation.
principal amount = $ 1,100
rate of interest = 5% annually
time = 3 years
SI = (P × R× T)/100
putting all the value
Amount will be = $ 3,346.90.
A $500,000 annuity pays $1916 per month in interest. A $500,000 annuity would pay $23,491 annually if you allowed the annuity interest to be accumulated and withdrawn annually. Here you can compare today's highest fixed annuity rates. you calculate future value. You can use this formula to calculate the future value with compound interest.
Learn more about An account here:-https://brainly.com/question/2712644
#SPJ4
If you can earn $3,346.90 at 5% per year, you will accumulate $1,100 per year in your deposit account at the beginning of the next three years.
An account compounded quarterly with an APR of 8% has an annual EAR of 8.243%. A term annuity is an annuity with cash flows or payments at the end of the term. Interest added to the original investment earns itself interest for subsequent periods.
A $500,000 annuity pays $1916 per month in interest. A $500,000 annuity would pay $23,491 annually if you allowed the annuity interest to be accumulated and withdrawn each year. Here you can compare today's highest fixed annuity rates. They calculate future values. You can use this formula to calculate the future value with compound interest.$3,641.14
annual return
learn more about annual returns here:-https://brainly.com/question/17149546
#SPJ4
a customer's overall assessment of his or her interaction throughout the entire process of finding, buying, and using a product is known as .
A customer's overall assessment of his or her interaction throughout the entire process of finding, buying, and using a product is known as customer experience (CX).
Who's a client?In deals, commerce, and economics, a client( occasionally known as a customer, buyer, or purchaser) is the philanthropist of a good, service, product or an idea- attained from a dealer, seller, or supplier via a fiscal sale or exchange for plutocrat or some other precious consideration.What's client service?Client service is the provision of service to guests before, during, and after a purchase. This makes it an important part of the value chain of guests. Each assiduity requires different situations of client service, but in the end, the idea of a well- performed service is that of adding earnings.Learn more about customer here:
https://brainly.com/question/13472502
#SPJ4
On september 17, 2024, ziltech, incorporated, entered into an agreement to sell one of its divisions that qualifies as a component of the entity according to generally accepted accounting principles. By december 31, 2024, the company’s fiscal year-end, the division had not yet been sold, but was considered held for sale. The net fair value (fair value minus costs to sell) of the division’s assets at the end of the year was $11 million. The pretax income from operations of the division during 2024 was $4 million. Pretax income from continuing operations for the year totaled $14 million. The income tax rate is 25%. Ziltech reported net income for the year of $7. 2 million. Required: determine the book value of the division's assets on december 31, 2024
The book value of the division's assets on december 31, 2024 will be $17 million.
How to calculate the book value:
Income: $7.2 million; 20% tax rate As a result, pretax income ($7.2/80%) will be $9. However, pretax income from the division plus pretax income from continuing operations equals total pretax income. Pretax earnings: $4 million plus $14 million in total. Pretax income totaled 18 million dollars.
Hence, net fair value of the division's assets at year's end plus recognised loss on sale equals book value of the division's assets, which equals $11 million plus $6 million. The division's assets have a book value of $17 million.
Learn more about book value here:
https://brainly.com/question/15289559
#SPJ4