education and learning
How has the pandemic affected credit card debt?
Credit behavior in the wake of the pandemic has remained surprisingly steady, in spite of the economic challenges for so many. Overall, Americans were spe...
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science and technology
How long does it take to double your money at 7 percent interest?
With an estimated annual return of 7%, you’d divide 72 by 7 to see that your investment will double every 10.29 years. What can you invest in 2021 besides...
culture and society
Who can make a motion at a meeting?
Motions may be made by any voting member of the board other than the chair. Step 2: Motion is seconded by any voting member of the board. What is a motion...
culture and society
What are some techniques a company could use to overstate or understate its earnings?
Understating sales returns is another technique that can be used to overstate revenues. A sales returns are deducted from gross sales to arrive at net sal...
data and analysis
Why are deferred tax assets not discounted?
Measurement of deferred tax Deferred tax assets and liabilities represent future taxes that will be recovered or that will be payable. It may therefore be...
global affairs
What are the characteristics of a visionary leader?
Qualities of a visionary leader. Persistent. They know it will be challenging to execute their vision. Inspirational and magnetic. For the visionary leade...
health and wellbeing
Can an S Corp have a cafeteria plan?
More-than-2% shareholders of an “S-Corp” cannot participate in a cafeteria plan, as they are treated by Code 125 the same as partners and are considered s...
news
How soon can I trade after selling stock?
You must wait 60 days before buying back the same stock you sold to avoid a wash sale. If you buy back the previously sold stock before the 60 days, the l...
science and technology
What are the six major factors that distinguish multinational financial management from financial management as practiced by a purely domestic firm?
What Are the Six Key Differences Between Multinational and Domestic Financial Management? Different Economic and Legal Structure. Different Currency Denom...
education and learning
Who is considered dependent child?
Children qualify as dependants if they: are under 22 years old, and. don’t have a spouse or common-law partner. How old is a Dependant child in Canada? Th...
media and communication
What is the cost-volume-profit analysis used for?
Cost-volume-price (CVP) analysis is a way to find out how changes in variable and fixed costs affect a firm’s profit. Companies can use CVP to see how man...
news
How do you calculate net identifiable assets?
In a business combination, net identifiable assets represent the subsidiary’s total assets minus its total liabilities. The fair value of net identifiable...
civics and society
What is the per share cost of the treasury stock purchased?
Divide the treasury stock’s total cost by the number of shares to calculate the average price the company paid for its treasury stock. Continuing the exam...