Record the following transactions related to purchases for Horston’s Art Supplies using the general journal form provided below.

Answer: The answers are:

A) $200,000.

B) $258,881.

C) $177,399.

Explanation: The values for the financial calculator are:

Future value = $ 200.000.

Payment = $ 200,000 x 0.10 = $ 20,000.

n = 5 x 2 = 10. (Semesters in 5 years).

YTM = (a) 10 percent, (b) 6 percent, and (c) 12 percent.

A) Present value = $200,000.

B) Present value = $258,881.

C) Present value = $177,399.

Answer:

A. For the dividend, John incurred a cost of $0.00 since he was not listed as the shareholder of record by August 15th. As a result, the dividend allocation was made to the stock's former owner.

Explanation:

The settlement date refers to when the buyer officially takes ownership of the shares, typically occurring two days after the trade date.

Hope this will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.

Answer:

Explanation:

The supply equation for pork is expressed as Q = 178 + 40p - 60p_h

For a hog price of 1.50:

Q = 178 + 40p - 60(1.50)

= 178 +40p -90 = 88+40p

If the price of hog rises to 1.90:

Q = 178 + 40p - 60(1.90)

= 178 +40p - 114 = 64+40p

Answer:

Eiffel Corporation

Tax implications for Tower:

Withholding tax = €2,500 x $1.50 = $3,750.00

Domestic Corporation tax = 156,712.50

Overall tax effect = $160,462.50

Explanation:

a) Inputs and Calculations:

Dividend = €500,000

Withholding tax = €2,500

After withholding tax = €497,500

Exchange rate = €1 = $1.50

Consequently, net dividend after withholding tax = €497,500 x $1.50

= $746,250

Corporate tax rate = 21% of $746,250

= $156,712.50

Tower incurs a withholding tax of $3,750 when converted to dollars and faces a corporation tax on earnings amounting to $156,712.50, calculated under the TCJA tax rate of 21%, a reduction from the previous 35%.