Airplane's lender requires an interim statement of cash flows (prepared using the direct method) at June 30, Year 2. Use the following information from Airplane's trial balance to determine the required amounts:
Airplane Company Trial Balance December 31, June 30,
Year 1 Year 2
Inventory $35,000 $38,000
Accounts payable 45,000 53,000
Fixed assets 125,000 170,000
Income tax payable 7,000 8,000
Long-term debt 125,000 0
Deferred tax liability 15,000 22,000
Sales 195,000 100,000
COGS 125,000 55,000
Determine what amount should be reported for:
Cash payments for goods sold (assume all inventory purchases are on account)
Cash payments for income taxes (assume income tax expense at June 30, Year 2 is $40,000)
Select the correct answer from the list provided next to each statement.
1-Cash payments for goods sold:
a) $55,000 - $3,000 + $8,000
b) $55,000 + $3,000 - $8,000
c) $125,000 - $55,000 - $3,000 + $8,000
d) $125,000 + $5,000 + $3,000 - $8,000
2-Cash payments for income taxes
a) $40,000 - $1,000 - $7,000
b) $40,000 + $1,000 - $7,000
c) $40,000 - $8,000 - $22,000
d) $40,000 + $8,000 - $22,000
Answers
The correct option is: 1-Cash payments for goods sold: c) $125,000 - $55,000 - $3,000 + $8,000. 2-Cash payments for income taxes: d) $40,000 + $8,000 - $22,000.
Given trial balance: Airplane Company Trial Balance December 31, June 30, Year 1 Year 2 Inventory $35,000 $38,000 Accounts payable 45,000 53,000 Fixed assets 125,000 170,000 Income tax payable 7,000 8,000 Long-term debt 125,000 0 Deferred tax liability 15,000 22,000 Sales 195,000 100,000 COGS 125,000 55,000Calculation of Cash payments for goods sold:
To calculate cash payments for goods sold, we need to find the cost of goods sold and add an increase in inventory, and then subtract accounts payable. Cost of Goods Sold (COGS) for June 30, Year 2 = $55,000
Increase in Inventory = $38,000 - $35,000 = $3,000
Accounts Payable = $53,000 - $45,000 = $8,000
Cash Payments for Goods Sold = COGS + Increase in Inventory - Accounts Payable= $55,000 + $3,000 - $8,000= $50,000
Therefore, the option c) $125,000 - $55,000 - $3,000 + $8,000 is the correct amount that should be reported for cash payments for goods sold.
To calculate cash payments for income taxes, we need to use the income tax expense amount, add back the change in income tax payable and subtract the change in deferred tax liability.
Cash Payments for Income Taxes = Income Tax Expense - Increase in Income Tax Payable + Increase in Deferred Tax Liability= $40,000 + $8,000 - $22,000= $26,000
Therefore, the option d) $40,000 + $8,000 - $22,000 is the correct amount that should be reported for cash payments for income taxes.
To learn more about income tax, visit:
https://brainly.com/question/20127586
#SPJ11
Related Questions
what life? and how are you
Answers
Answer:
life is evrthing on earth that is living or requires certain things to live and If you want a lie im awsome.
A cashier is what type of resource ?
A. Natural resource (N)
B. Human resource (H)
C. Capital good (C).
Answers
Answer: B
Explanation: theyre human and a resourc
Of the business structures you’ve learned about, which one interests you the most? Discuss what structure you might choose to start your own business one day and explain why.
Answers
Answer:
If I were to start my own business one day, I would choose the Limited Liability Company (LLC) structure. This structure offers the most flexibility and protection for business owners. It allows for the business to be taxed as a pass-through entity, meaning that the profits and losses of the business are passed through to the owners and reported on their individual tax returns. This structure also provides limited liability protection for the owners, meaning that their personal assets are not at risk if the business is sued or incurs debt. Additionally, LLCs are relatively easy to set up and maintain, making them an attractive option for small business owners.
Explanation:
Stephenson Limited produces a variety of products for the computing industry. The company’s CEO plans to produce a new product, WiFi router and asked the controller to prepare some information and be ready to meet with him to discuss about it. In preparing for the meeting, the controller accumulated the following data: Selling price of a router $1,250 Direct materials per router $270 Direct labour per router $130 Variable overhead per router $80 Total fixed costs $120,000
Required: a) Calculate the contribution margin per unit, break-even point in units and in sales dollar.
b) Calculate the number of units that must be sold and the amount of sales revenue to earn $300,000 of profit.
c) Calculate the break-even point in units and in sales dollar if the company were to reduce variable costs by $220 per unit by investing in technology resulting in an overall increase of $20,000 in total fixed costs? d) The CEO believes the company can increase sales by 50 units if advertising expense is increased by $31,000 based on the original data. Justify whether the company should increase advertising expenditure.
Answers
a) Contribution Margin per Unit: $770, Break-Even Point in Units: ≈ 155.84, Break-Even Point in Sales Dollars: ≈ $194,800.
b) Number of Units for $300,000 Profit: ≈ 584.42, Sales Revenue for $300,000 Profit: ≈ $730,525.
c) New Contribution Margin per Unit: $1,410, New Break-Even Point in Units: ≈ 94.33, New Break-Even Point in Sales Dollars: ≈ $117,912.50.
d) Additional Sales Revenue: $62,500, Contribution from Additional Sales: $38,500, Additional Advertising Expense: $31,000. Conclusion: Increase in advertising expenditure is justified as it would result in a positive contribution to profit.
a) To calculate the contribution margin per unit, break-even point in units, and break-even point in sales dollars, we need the following information:
Selling price per router: $1,250
Direct materials per router: $270
Direct labor per router: $130
Variable overhead per router: $80
Total fixed costs: $120,000
Contribution Margin per Unit:
Contribution Margin per Unit = Selling Price per Unit - Variable Costs per Unit
Contribution Margin per Unit = $1,250 - ($270 + $130 + $80)
Contribution Margin per Unit = $1,250 - $480
Contribution Margin per Unit = $770
Break-Even Point in Units:
Break-Even Point in Units = Total Fixed Costs / Contribution Margin per Unit
Break-Even Point in Units = $120,000 / $770
Break-Even Point in Units ≈ 155.84
Break-Even Point in Sales Dollars:
Break-Even Point in Sales Dollars = Break-Even Point in Units × Selling Price per Unit
Break-Even Point in Sales Dollars = 155.84 × $1,250
Break-Even Point in Sales Dollars ≈ $194,800
b) To calculate the number of units and sales revenue needed to earn $300,000 of profit, we need to consider the contribution margin per unit and total fixed costs:
Number of Units for $300,000 Profit:
Number of Units = (Total Fixed Costs + Desired Profit) / Contribution Margin per Unit
Number of Units = ($120,000 + $300,000) / $770
Number of Units ≈ 584.42
Sales Revenue for $300,000 Profit:
Sales Revenue = Number of Units × Selling Price per Unit
Sales Revenue = 584.42 × $1,250
Sales Revenue ≈ $730,525
c) If the company reduces variable costs by $220 per unit and incurs an additional $20,000 in total fixed costs, the new calculations would be:
New Contribution Margin per Unit = $1,250 - ($270 - $220 + $130 + $80) = $1,410
New Break-Even Point in Units = ($120,000 + $20,000) / $1,410 ≈ 94.33
New Break-Even Point in Sales Dollars = 94.33 × $1,250 ≈ $117,912.50
d) To determine whether the company should increase advertising expenditure, we need to consider the additional sales generated by the increased advertising and compare it to the additional expense:
Contribution Margin per Unit: $770
Additional Units Sold: 50
Additional Sales Revenue: 50 × $1,250 = $62,500
Contribution from Additional Sales = Additional Units Sold × Contribution Margin per Unit = 50 × $770 = $38,500
Additional Advertising Expense: $31,000
Since the contribution from the additional sales ($38,500) exceeds the additional advertising expense ($31,000), it would be justified for the company to increase advertising expenditure as it would result in a positive contribution to profit.
Please note that these calculations are based on the provided data and assumptions, and actual results may vary.
learn more about "Revenue ":- https://brainly.com/question/25102079
#SPJ11
80-85% of the world's natural vanilla is supplied by Madagascar, an island nation off the coast of Africa. Linda read a recent article online in one of the main ingredients for the ice cream that she and Cathal will produce in 'Sligo Scoops'. (i) What effect will a shortage of vanilla have on each of the following:
The price of vanilla:
Answers
Answer:
Climate change, crime and speculation mean the price of the fragrant spice has skyrocketed from $20 a kilo five years ago to $515 now.
Which statement is true?
online credit is more expensive than bank credit
online credit is less expensive than bank credit
online credit and bank credit are equally expensive
online credit is harder to obtain than bank credit
Answers
Answer:
online credit is less expensive than bank credit
Explanation:
Online lenders are likely to charge lower rates than banks due to the differences in operating expenses. Online lenders do not incur the cost of operating from a physical building, such as rent and maintenance. They do not have high employee cost as compared to banks. Due to these reasons, online lenders charge lower fees and lower interest rates.
Sometimes online loans appear expensive, but it's because they are unsecured loans. A close comparison between different types of loans will show online lenders offer cheaper loans.
"Monetary policy can be described either in terms of the money supply or in terms of the interest rate." This statement amounts to the assertion that a. the activities of the Federal Reserve’s bond traders are irrelevant if the Federal Reserve decides to target an interest rate. b. our analysis of monetary policy is not fundamentally altered if the Federal Reserve decides to target an interest rate. c. changes in monetary policy aimed at expanding aggregate demand can be described either as increasing the money supply or as increasing the interest rate. d. rightward shifts of the money-supply curve cannot occur if the Federal Reserve decides to target an interest rate.
Answers
Answer:
b
Explanation:
The monetary policy is not fundamently altered
The preferred method for situations involving strategic decision making, projects with a high degree of uncertainty, and projects with an unstable scope is the
Answers
The preferred method for situations involving strategic decision making, projects with a high degree of uncertainty, and projects with an unstable scope is the agile methodology. This methodology is based on flexibility, continuous improvement, and close collaboration between the project team and stakeholders.
Agile methodology emphasizes delivering value to customers through working software or product increments, rather than focusing on detailed plans and documentation. The project team works in short iterations or sprints, adapting to changing requirements and feedback from stakeholders. This approach allows for rapid response to changing market conditions or customer needs, making it ideal for strategic decision making. Agile methodology also allows for experimentation and learning, making it suitable for projects with a high degree of uncertainty.
The iterative approach allows the project team to test assumptions and validate ideas through feedback from customers, reducing the risk of failure. Finally, agile methodology accommodates projects with an unstable scope by allowing for changes in requirements throughout the project lifecycle. The project team can adapt to changing needs and priorities without disrupting the project's overall goals.
For more such questions on methodology
https://brainly.com/question/28607827
#SPJ11
Click this link to view O*NET’s Work Activities section for Licensing Examiners and Inspectors. Note that common activities are listed toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some common work activities performed by Licensing Examiners and Inspectors? Check all that apply. working directly with the public evaluating information staffing organizational units drafting technical devices interacting with computers getting information
Answers
Answer:
Licensing Examiners and Inspectors examine, evaluate, and investigate eligibility for, conformity with, or liability under licenses or permits.. Here is what a typical day’s work for a Licensing Examiner and Inspector looks like: Issue licenses to individuals meeting standards. Collect fees for licenses.
Explanation:
Answer: A B E F
Explanation:
A popular soft drink is sold in 2-liter (2000-milliliter) bottles. Because of variation in the filling process, bottles have a mean of and a standard deviation of 16 milliliters, normally distributed. Complete parts a and b below.
Answers
Answer:
The answer is below.
Explanation:
The z score is a used in statistics to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:
\(z=\frac{x-\mu}{\sigma}\\\\where\ x=raw\ score, \mu=mean,\sigma=standard\ deviation\\\\For\ a\ sample\ size(n):\\\\z=\frac{x-\mu}{\sigma/\sqrt{n} }\)
a) Given that n = 100, μ = 2000, σ = 18
For x < 1995 millimeters:
\(z=\frac{x-\mu}{\sigma/\sqrt{n} }=\frac{1995-2000}{18/\sqrt{100} } =-2.78\)
From the normal distribution table, P(x < 1995) = P(z < -2.78) = 0.0027
b) P(z > z*) = 10% = 0.1
P(z < z*) = 1 - 0.1 = 0.9
z* = 1.28
\(z*=\frac{x-\mu}{\sigma/\sqrt{n} }\\\\1.28=\frac{x-2000}{18/\sqrt{100} }\\\\x-2000 =-2.304\\\\x=2002.3\ ml\\\\\)
From the normal distribution table, P(z < z
How could U.S. currency lose value?
A.) is torn or dirty . B.)
It lacks the new security features.
C.)Too many legal bills are printed and in circulation. D.)Too many people are counterfeiting print money and using it.
Answers
Answer:
C.) Too many legal bills are printed and in circulation
Explanation:
If more money was printed there would be an artificial overabundance of money, but the supply of goods would not increase. This would lead to inflation which would lower the currency value.
Answer: Too many legal bills are printed and in circulation.
Explanation:
Which depict a negative externality? (Select all that apply)
A. There was an expansion of an airport, which caused greater levels of noise pollution
B.There was an expansion of an airport, which increased revenue for local restaurants.
C. There was an expansion of an airport, which decreased property values of nearby homes.
D. There was an expansion of an airport, which reduced unemployment in the surrounding area.
Answers
Answer:
The corrects answers for this would be A and C.
Explanation:
As you can see, for both a and c, those are the only two answers that have a negative outcome, hence the negative externality.
On March 31, the end of the first month of operations, Barnard Inc. manufactured 15,000 units and sold 12,000 units. The following income statement was prepared, based on the variable costing concept: Barnard Inc. Variable Costing Income Statement For the Year Ended March 31, 20Y1 Sales $2,160,000 Variable cost of goods sold: Variable cost of goods manufactured $1,620,000 Inventory, March 31 (324,000) Total variable cost of goods sold (1,296,000) Manufacturing margin $864,000 Total variable selling and administrative expenses (96,000) Contribution margin $768,000 Fixed costs: Fixed manufacturing costs $210,000 Fixed selling and administrative expenses 45,000 Total fixed costs (255,000) Operating income $513,000 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept.
Answers
Answer and Explanation:
The computation of the unit cost of goods manufactured is shown below:
Particulars variable costing absorption costing
variable cost of $108 $108
goods manufactured ($1,620,000 ÷ 15,000)
Fixed manufacturing
cost $14
($210,000 ÷ 15,000)
unit cost of goods
manufactured $108 $122
is sueing someone for 50,000 dollars for no reason an example of integrity because recently a neighbor in my neighborhood was being rude and then continued to say that people who are not like him do not have integrity... (before get further in just know this guy smokes weed and get drunk like every day and also know one of my other neighbors works for selling houses in my neighborhood) he then sues one of my neighbors who sells houses for no reason and for 50,000 dollars. So...is this integrity lol also let me know if I should tell more crazy stories in my life on brainly lol.
Answers
Answer:
ohExplanation:
.............................
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
Alex bought a new television at Christmas. Now that same television costs $200 less than her purchase price. What does this example BEST demonstrate?
A. income risk
B. interest rate risk
C. inflation risk
Answers
Answer: С. inflation risk
Explanation:
You're welcome :)
Alex received a new television for Christmas. This is best described as inflation risk because the same television now costs $200 less than her purchase price. Option C is correct.
What is inflation risk?Inflationary risk is defined as the risk that inflation will cut down the returns on an investment by trimming purchasing power. This is basically means that the value of money at present will reduce the amount of money in the upcoming time period.
The given scenario best explains that the value of television that was purchased in Christmas, will reduce after some time, denoted the example of inflation risk.
Therefore, option C is correct.
Learn more about the inflation, refer to:
https://brainly.com/question/15692461
#SPJ2
A basic concept in economics is that all resources are
O scarce.
• allocated.
valuable.
O renewable.
Answers
A basic concept in economics is that all resources are scarce. Thus, option a. is the correct answer.
Explain about the basic concept about the economics.
Every person's life includes doing economics on a regular basis in addition to studying it. It serves as a means of balancing the inputs and outputs of money. Whatever it is, one should prepare before the month or count at the end of the month or year, whether it is a small family, a large family, a small commercial enterprise, or a giant organisation. Economics seeks to strike a balance between the unending demands and the finite resources.
After saying this, we'll start talking about the topic of "economics." The pupils who are just beginning their studies in commerce in class XI will find this subject extremely interesting. In essence
To learn more about concept of economics.
https://brainly.com/question/23422992
#SPJ1
Answer:
Option A scarce
Explanation:
which manager designs the product in a business
Answers
Answer:
Product Design Management (PDM)Explanation:
Product Design Management (PDM) is one of the most important elements in the successful business of designing innovative products for production.which items are part of a thorough market summary? (check all that apply.)
Answers
International Growth Opportunities, Potential sales through international expansion and an analysis of important marketplace trends are the Items that are the part of a tho-rough market summary. Market summary provides a concise overview of the entire marketing actions of your brand.
What do you mean by market summary?A market summary is a brief syno-psis of a commercial or indust-rial market. Its aim is to provide a current snap-shot of a market in order to better under-stand it's key feat-ures. These summary reports pro-file the import-ant criteria of a mark-et so as to inform further market-ing activity.
A market summary is the ess-ence of a market-ing plan. The market summary out-lines, points out or high-lights important points.
To know more about market summary click below:
brainly.com/question/30296969
#SPJ4
Quogue Sporting Goods purchased a new screen-printing machine for $50,000. It cost $1,000 to deliver the machine and $5,000 to install it. What amount should Quogue record as the cost of the machine?
$50,000
$51,000
$55,000
$56,000
Answers
Quogue Sporting Goods should record the cost of the machine as $56,000. Option D
This is because the cost of the machine includes not only the purchase price of $50,000, but also the cost of delivery ($1,000) and installation ($5,000).
When recording the cost of an asset, it is important to include all costs necessary to get the asset ready for its intended use. This includes not only the purchase price, but also any additional costs incurred to get the asset to its intended location and to set it up properly.
In this case, the screen-printing machine was not just purchased for $50,000, but also required delivery and installation. Therefore, the total cost of the machine is $56,000.
It is important for businesses to accurately record the cost of their assets, as this information is used to calculate depreciation expense and ultimately impacts the financial statements. By including all necessary costs in the cost of the asset, businesses can ensure that their financial statements reflect the true cost of their assets. Option D is correct.
For more such questions on cost visit:
https://brainly.com/question/28147009
#SPJ11
Why is there a relationship between rate of return and risk?
Answers
Simply put, risk and required return are directly related by the simple fact that as risk increases, so does required return. As risk decreases, the required return decreases.
Actual return: Actual ROI reflects past financial performance and calculates the company's actual his ROI.
Required yield: The required rate of return reflects the level of risk involved in investing in a particular company.
Business valuation theory states that the required return is equal to the perceived risk of the investment. In other words, the rate of return required to attract investors over another investment opportunity in the current market. Effectively, as risk increases, so does the required return, which in turn reduces the value of the company in question (and vice versa).
Know more about return here:
https://brainly.com/question/13575981
#SPJ4
The different fabrics preferred by customers
Answers
The types of job-specific knowledge you need to perform well in a specialized field, known as _______ skills, appear to be most important for first-line managers.
Answers
Answer: technical
Explanation:
The types of job-specific knowledge you need to perform well in a specialized field, known as technical skills, appear to be most important for first-line managers.
What is skills?The term skills refer to the person ability and talent that comes to the master own her work. There are the different types of the skills such as communication skills, computer skills and graphic skills. A person is the expert to the particular field are they easily faced the problems and the efficiently performing the work.
According to the skills are the necessary to the person because it's the help to the developed of the knowledge and the experiences. There are the skills are the different types such as technical, computer, reading, listening and the other communication skills. A person was the acquired the skills on school, college, and the past job.
As a result, the job-specific knowledge to perform are the well specialized field.
Learn more about on skills, here:
https://brainly.com/question/9648460
#SPJ2
what is the formula for velocity
Answers
You can find velocity by dividing the distance by the time. v = d/t
When Pat was talking with his customer about the new accounting system, his customer mentioned that she thought the new system was not going to fit into their budget. Pat explained that once her people were trained on it, it would require less time to process orders, and therefore save her money in payroll. Which part of the sales presentation is demonstrated in this example
Answers
Answer:
overcoming reservations
Explanation:
From the question we are informed about Pat who was talking with his customer about the new accounting system, his customer mentioned that she thought the new system was not going to fit into their budget. Pat explained that once her people were trained on it, it would require less time to process orders, and therefore save her money in payroll. The part of the sales presentation demonstrated in this case is an example of overcoming reservations.
Sales presentation can be regarded as sales pitch and it's a selling technique which can be explained as line of talk which is an attempts of persuading someone or something, using a planned sales presentation strategy of particular product/service which is been designed to initiate as well as close a sale of that particular product or service, example of this is overcoming reservations which is a method of persuading customers.
What role do career pathways play?
A. Career pathways lay out the academic courses, skills, and knowledge required for a position.
B. Career pathways help students determine whether a position will have information technology as a primary or secondary focus.
C. Career pathways lay out the advantages and disadvantages of potential careers.
D. Career pathways organize jobs into 16 major groups to help students plan their careers.
Answers
Answer:
I think it's A. but don't depend on me i'm probley wrong
Explanation:
What part do career paths play is The educational requirements, necessary skills, and expertise for a position are outlined in career pathways. As a result, choice (A) is right.
What is meant by Career pathways ?A career path is a list of steps you should take to advance into new or more senior responsibilities at work during your professional life. Employees are guided toward their ultimate professional ambitions as well as their long-term goals through a series of positions and experiences.
By highlighting their existing professional situation and providing advice on how to improve it, career pathing can increase their levels of engagement and job satisfaction.
An essay about your career objectives is a piece of writing in which you describe the career route you hope to take and the goals you have for yourself. You will discuss your career aims, pertinent accomplishments that help you be more successful in achieving your goals, and how your aspirations can help you advance even farther in the essay.
Learn more about Career pathways , from :
brainly.com/question/2773489
#SPJ5
What is something that will not help you get a higher credit limit?
A: Paying off the balance of the credit card each month
B: Asking the banking company for a higher limit on your credit card
C: Maxing out the credit card and only making the minimum payment each month
D: Making more money at your job (More personal income)
Answers
Maxing out the credit card and only making the minimum payment each month is something that will not help you get a higher credit limit. A credit limit is the most money you are permitted to spend on a credit card or line of credit by a lender.
If a credit card company grants you a credit limit of $2,500, that is the most you may ever have charged to the card payment . If you charge $1,900 to your card, you will have $600 left over that you can use without paying a fee or being restricted from using the card limit further.
To learn more about credit card, click here.
https://brainly.com/question/27350251
#SPJ1
Which type of borrowing option would most likely result in the borrower
paying the highest amount of interest?
A. A card with a high compound interest rate
OB. A card with a low simple interest rate
ООО O
C. A card with a low compound interest rate
D. A card with a high simple interest rate
Answers
Answer:
A. A card with a high compound interest rate
Explanation:
it is most likely to result in the borrower
PLS HELP ME WITH THIS
Classify the following as an intrinsic or extrinsic reward
1. Completing your job because your find it fulfilling:
2. Receiving a cash bonus for your hard work:
3. Getting a pay raise of $2 an hour:
4. Receiving a meaningful job task from your supervisor:
5. Receiving paid time off from your boss :
Classify the following as either direct or indirect pay:
1. Access to the company’s health insurance plan:
2. Paid time off from your boss:
3. A commission of 5% of each unit sold:
4. A company bonus for achieving a performance objective:
5. Retirement benefits from company:
Classify the following as either base pay or performance pay:
1. Sales Commissions:
2. A bonus for reaching the company’s performance goal:
3. A wage of $15 an hour:
4. A salary of $100,000 per year:
5. A company’s profit-sharing plan:
Answers
Answer:
a $ 100 , 000 per profit plan salary
Jerry purchased a U.S. Series EE savings bond for $744. The bond has a maturity value in 10 years of $1,000 and yields 3% interest. This is the first Series EE bond that Jerry has ever owned.
a. Jerry can defer the interest income until the bond matures in 10 years.
b. Jerry must report ($1,000 - $744)/10 = $25.60 interest income each year he owns the bond.
c. The interest on the bonds is exempt from Federal income tax.
d. Jerry can report all of the $256 as a capital gain in the year it matures.
e. None of these.
Answers
The correct answer is: e. None of these, because None of the given options accurately describes Jerry's situation regarding the U.S. Series EE savings bond.
Which statement accurately represents Jerry's situation with the Series EE savings bond?Jerry's situation with the U.S. Series EE savings bond: In this scenario, Jerry cannot defer the interest income until the bond matures (option a). He must report the actual interest income each year, which is calculated based on the bond's face value, interest rate, and number of years (option b is incorrect).
The interest on the bond is subject to Federal income tax (option c is incorrect), and Jerry cannot report the difference between the purchase price and maturity value as a capital gain (option d is incorrect).
Therefore, the correct answer is e. None of these options accurately describe Jerry's situation with the Series EE savings bond.
Learn more about U.S. Series EE
brainly.com/question/14368734
#SPJ11
im on od plz hurry
Background info-----You're a member of a small group that has been working on an important company project for the last year, and you have been assigned to give the final presentation. You really do not like giving presentations because of your stage fright, but you agree to make the visual aids and write a script for another group member who does not mind giving the actual talk.
Directions-----Write a five-minute presentation speech using the techniques and strategies you have learned, and make some visual aids to accompany the talk. You can make a PowerPoint or some charts or drawings, but whatever you do, make sure it follows the guidelines you have learned. Make sure that you can digitize your work so that you can send it to your other group members and to your teacher.
Answers
Answer:
this is my 5 minute presentation
Explanation:
i have learned how to communicate and how to better my self when working as a team when i am team leader it seams easier for me to controll my team because i do not boss them around harshly if they start to get verry wore out i also give them a talk to boost their motivation to get the job done quicker i feel like when i am out in the real world it will be a lot easier to lead a team the right way and get everything done with all the knolage i have recived i know if im messing around then the rest of my team is going to be messing around in order for my team to act right i have to act right so my team will follow all orders and commands when givin and they will not have any problem with these orders