QUESTION 5 If an investor buys a three-year LEAPS contract on issuance, which expires unexercised, what is the investor's tax consequence at expiration? Short-term capital gain Short-term capital loss Long-term capital gain Long-term capital loss QUESTION 6 Which of the following governmental bodies receives no revenue from advalorem taxes? O County governments O School districts O State governments O Local municipalities

QUESTION 5 If an investor buys a three-year LEAPS contract on issuance, which expires unexercised, what is the investor's tax consequence at expiration? Short-term capital gain Short-term capital loss Long-term capital gain Long-term capital loss QUESTION 6 Which of the following governmental bodies receives no revenue from advalorem taxes? O County governments O School districts O State governments O Local municipalities

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Using the following information, what is the cost to lease a car? (Assume there are no charges for damage at the end of the lease) Security deposit Monthly lease payment Opportunity cost of security deposit End-of-lease charges $140 $140 per month for a five-year lease $140x loan period (in years) * 3% interest $340
33 34
Bumgardner Incorporated has provided the following data concerning one of the products in its standard cost system. Inputs Direct materials Standard Quantity or Hours per Unit of Output 8.0 liters Standard Price or Rate $ 5.00 per liter The company has reported the following actual results for the product for April: Actual output Raw materials purchased 7,400 units 65,400 liters $ 5.70 per liter 59,210 liters Actual price of raw materials Raw materials used in production The raw materials price variance for the month is closest to: (Round your intermediate calculations to 2 decimal places.)
The following information is provided for the first month of operations for Legal Services Inc.: A. The business was started by selling $103,000 worth of common stock. B. Six months' rent was paid in advance, $4,100. C. Provided services in the amount of $1,500. The customer will pay at a later date. D. An office worker was hired. The worker will be paid $277 per week. E. Received $520 in payment from the customer in "C". F. Purchased $300 worth of supplies on credit. G. Received the electricity bill. We will pay the $120 in thirty days. H. Paid the worker hired in "D" for one week's work. I. Received $130 from a customer for services we will provide next week. J. Dividends in the amount of $1,800 were distributed. Prepare the necessary journal entries to record these transactions. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. A. B. 111
Q7
Lenci Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 5,100 units, but its actual level of activity was 5,050 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses Actual results for May: Revenue Direct labor Direct materials Fixed element per month $0 $0 0 41,500 22,700 $ 64,200 $ 197,810 $ 28,565 $ 80,265 $ 47,905 $ 22,680 Manufacturing overhead Selling and administrative expenses The spending variance for manufacturing overhead in May would be closest to: Variable element per unit $ 39.60 $ 5.50 15.70 1.30 0.20 $ 22.70
j 1 2 3 4 5 Pr 0.15 0.10 0.55 0.15 0.05 Return, r 20.00% 5.00% 0.00% - 5.00% - 10.00%
5
C 3 6 % PVS1 PVA FV$1 FVA 9.00% 0.77218 2.53129 1.29503 3.27810 4.50% 0.76790 5.15787 1.30226 6.71689 12 2.25% 0.76567 10.41478 1.30605 13.60222 36 0.75% 0.76415 3144681 1.30665 41.15272 You are going to receive a scholarship for $18.000 at the end of 3 years for graduate school How much must the scholarship fund invest today so it has the money to pay you in 3 years if it can earn 9% compounded quarterly (round to nearest dollar)?
26 27 28 A Moving to the next question prevents changes to this Question 2 What is the definition of liability on the Balance Sheet? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Arial BIUS Paragraph In 99 Ω
C B A Question 2 Listen What is tane for the given triangle? 13 53 12 25 55 13 12 13 e
Kingcade Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours 18.3 Wait time Process time Move time Queue time 1. 1 Inspection time 0.1 2.0 9.1 The manufacturing cycle efficiency (MCE) was closest to: (Round your intermediate calculations to 1 decimal place.)

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