If the average variable cost decreases and then increases, it implies that production is decreasing.
Variable costs are expenses that change in direct proportion to the level of production or business activity. They vary with the volume of work or sales. In the case of Ads and More, brochures for customers' office rent insurance premiums would be more likely to be a variable cost because the expenses for brochures can vary depending on the number of customers and the level of advertising campaigns.
On the other hand, fixed costs are expenses that do not change with the level of production or business activity. They remain constant regardless of the volume of work. Examples of fixed costs for Ads and More could include office rent and insurance premiums, which are not likely to change based on short-term or immediate fluctuations in the level of production.
Regarding the second statement, if the average variable cost decreases and then increases, it implies that production is decreasing. This is because a decrease in average variable cost indicates that the firm is achieving economies of scale or experiencing higher productivity, resulting in lower costs per unit of production. However, if the average variable cost increases after the initial decrease, it suggests that production is decreasing, as the costs per unit are rising again.
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Question 10 (5 points)
Two prescreening tools for job candidates are the resume and the
employment essay.
advertisement.
application.
letter of recommendation.
The correct answer is C. Application
Explanation:
When employers pre-screen job candidates they verify basic information about candidates such as background, education, skills, experience, etc. to determine if a candidate is suitable for a job and he/she should be interviewed or continue in the process of selection for the job.
In this context, the two main tools used by employers are the resume and the job application. These two documents provide information about the candidate's education, experience, skill, and similar but in the case of the application the information es concise and very specific, while resumes are more detailed and the candidate can include as much information as she/he wants. Thus, the two prescreening tools for job candidates are the resume and the application.
Answer: Application
Explanation: I just took the test
Hope this helps.
A home improvement retailer reports fencing to be sold to customers as ______, while an industrial company reports fencing around its facility as ______.
A home improvement retailer reports fencing to be sold to customers as a product or inventory, while an industrial company reports fencing around its facility as a fixed asset or part of its property, plant, and equipment.
For a home improvement retailer, fencing is considered a product that is part of their inventory. They purchase fencing from suppliers or manufacturers and sell it to customers for installation in their homes or properties. In their financial statements, the retailer would classify the fencing as inventory, which represents the goods they have on hand for sale.
On the other hand, for an industrial company, the fencing around its facility serves a different purpose. It acts as a boundary or security measure to protect the company's premises. In the financial statements of the industrial company, the fencing would be classified as a fixed asset or a part of its property, plant, and equipment. This indicates that the fencing is a long-term asset owned by the company and is used in its daily operations.
The classification of fencing differs based on the context and purpose it serves. It is considered a product or inventory when sold by a retailer, and it is categorized as a fixed asset or part of property when used by an industrial company.
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What is the purpose of active listening?
Explanation:
Active listening serves the purpose of earning the trust of others and helping you to understand their situations. Active listening comprises both a desire to comprehend as well as to offer support and empathy to the speaker.
Gaining others' trust and gaining insight into their circumstances are two benefits of active listening. Both a want to understand and a desire to support and empathize with the speaker are components of active listening.
What are components?A component is an identifiable portion of a larger program or construction in the programming and engineering fields. A component often performs one specific function or a set of related functions. A component is something that is a piece of a bigger whole. An example of a component is a CD player in a stereo system. An illustration of a component is an ingredient in a recipe. Noun.
Abiotic factors are non-living parts of an ecosystem that have an impact on their surroundings. Terrestrial ecosystems can be characterized by factors like temperature, light, and water. Ocean currents and salinity are examples of abiotic components in a marine ecosystem.
Active listening is a technique for listening to and responding to another person that enhances comprehension between the two parties. To diffuse the situation and look for solutions to issues, it is crucial to take this initial move. Students will learn what active listening is in this session and why it is crucial for handling disagreements.
Therefore, the speaker is a component of active listening.
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General Facts. Especially Special Sandboxes Company (ESS), is an S-Corp. owned that is owned by Abner, Beth, and Cassandra. The shareholder’s stock holdings an basis in that stock are as follows:
Shareholder Total Shares Basis
Abner 10,000 $30,000
Beth 10,000 $25,000
Cassandra 10,000 $20,000
Problem 1. Loss Limitation Rules. Using the "General Facts" as given above, please analyze the tax consequences (both the income tax consequences and any impact on shareholder basis) for each of the following scenarios.
(a) What if Abner, Beth and Cassandra all work six months of the year for ESS but receive no income from the company because it runs at a total operating loss of $75,000 for the year? All shareholders had active income of at least $50,000 from other sources.
(b) Continuing from the facts of (a) above and disregarding (b), what if in the following year the company earned $18,000 of operating income and distributed $15,000 to its shareholders?
(c) Would your answer to (a) and (b) above for Cassandra change if she gave a $20,000 loan to ESS to cover operating expenses in the first year and then in the second year the company repaid this loan?
(d) Disregarding (a) and (b) above, what if Cassandra works full time for ESS all year earning a salary of $50,000 (Abner and Beth do not work for the company at all) and the company has a loss from operations of $75,000. Abner and Beth both have over $50,000 of income from full time employment elsewhere and Abner has passive income of $15,000 from other sources (Beth earns no passive income)?
(e) Returning to the original General Facts and disregarding a-e. What would be the tax consequence if ESS used to be a C-Corp and had carryover E&P of $15,000 plus the corporation had operating income of $30,000 during the year, a capital loss of $6,000, and made distributions of $60,000 during the year. Also, assume the company’s starting AAA account was $3,000.
(a) In this scenario, since all shareholders have active income of at least $50,000 from other sources, they can deduct their share of the operating loss from ESS against their other income.
The tax consequence would be a reduction in their taxable income from other sources. However, since they receive no income from ESS, their basis in the stock remains unchanged.
(b) If the company earned $18,000 of operating income and distributed $15,000 to its shareholders, the shareholders would include the distributed amount in their taxable income. The operating income would also increase the accumulated adjustments account (AAA) of the S-Corp. The shareholders' basis in the stock would increase by their share of the income.
(c) Cassandra giving a $20,000 loan to ESS in the first year and its repayment in the second year would not have a direct impact on the tax consequences for Cassandra in scenarios (a) and (b). However, if the loan is repaid in the second year, Cassandra's loan basis would decrease by $20,000, but her stock basis would remain unchanged.
(d) In this scenario, since Cassandra is the only shareholder working full-time for ESS and earning a salary, she can deduct her salary expense from the company's operating loss of $75,000. Abner and Beth, who do not work for the company, cannot offset their other income with the company's operating loss. Abner's passive income of $15,000 can be used to offset a portion of the operating loss. The tax consequences would be a reduction in Cassandra's taxable income from her salary and a reduction in Abner's passive income.
(e) If ESS used to be a C-Corp and had carryover earnings and profits (E&P) of $15,000, the distribution of $60,000 would be treated as a dividend to the shareholders. The operating income of $30,000 would increase the E&P of the corporation. The shareholders would include the dividend in their taxable income. The starting accumulated adjustments account (AAA) of $3,000 would be increased by the operating income and reduced by the dividend distribution. The tax consequence would be the inclusion of the dividend in the shareholders' taxable income.
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Distinguish between the sources of information about foreign employment and the ways of getting it.
Working for a company in another country is referred to as foreign employment, and you usually only work in one country. This wouldn't be your native country .
While the terms "foreign employment" and "international workforce" (people of a different nationality) are sometimes used interchangeably, the term really refers to a multinational corporation expanding outside of its home country and recruiting there.
Employers prefer foreign employment because they cannot find qualified local employees, necessitating the hiring of foreigners to do the job.
The following are some methods for obtaining information about foreign employment:
Newspapers, notice boards, electronic media (radio, FM, television, etc.), websites, and public programs
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morgan’s water world (mww), an llc, opened several years ago. mww has reported the following net §1231 gains and losses since it began business. net §1231 gains shown are before the look-back rule.
The reason you need to consider gains/losses from the past 6 years for determining the amount of net §1231 gain treated as ordinary income in Year 7 is due to the application of the §1231 look-back rule.
The §1231 look-back rule states that if there is a net §1231 gain in the current year (Year 7 in this case) and there were any net §1231 losses in any of the preceding 5 years (Year 1 to Year 6), the net gain in the current year up to the amount of those prior net losses is treated as ordinary income.
In this scenario, Year 7 has a net §1231 gain of $113,000. However, in the preceding 5 years (Year 1 to Year 6), there were net §1231 losses of $(11,000), $(21,000), $(4,000), $(43,000), totaling $(79,000) in losses.
To determine the amount of net §1231 gain treated as ordinary income in Year 7, you need to offset the net gain with the prior net losses. In this case, the net gain of $113,000 in Year 7 is reduced by the total prior net losses of $(79,000), resulting in a remaining net gain of $34,000.
Therefore, in Year 7, $34,000 of the $113,000 net §1231 gain would be treated as ordinary income, while the remaining $79,000 would retain its character as net §1231 gain.
It's important to note that the look-back rule is applied to prevent taxpayers from converting ordinary income into capital gains by timing the recognition of gains and losses. By considering the prior net losses, the rule ensures that any gains following a period of losses are subject to ordinary income tax rates rather than lower capital gains tax rates.
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Morgan’s Water World (MWW), an LLC, opened several years ago and reports the following net §1231 gains and losses since it began business.
Net §1231
Year Gains/(Losses)
Year 1 $(11,000)
Year 2 5,000
Year 3 (21,000)
Year 4 (4,000)
Year 5 17,000
Year 6 (43,000)
Year 7(current year) 113,000
What amount, if any, of the year 7 $113,000 net §1231 gain is treated as ordinary income?
Answer to this question is 57000 which is a sum of Gain/Loss from Year 1 to Year 6.
I thought I should only add Gain/Loss from Year 2 to Year 6 because of 1231 5 year look back rule.
Can somebody explain why we take Gain/Loss for the past 6 years?
A list of all account names used to record transactions of a company is referred to as a T-account
Answer:
chart of accounts. a list of all account names used to record transactions of a company.
external transactions. transactions the firm conducts with a separate economic entity.
general ledger. all accounts used to record the company's transactions.
journal
posting
T-account
trial balance
accounts
____ allows us customes to distribute money generated by foreign companies accused of dumping to u firms harmed by the dumping
United States allows us customes to distribute money generated with the aid of overseas groups accused of dumping to u companies harmed by the dumping
Money is a commodity widely wide-spread by means of widespread consent as a medium of financial change. it's far the medium wherein charges and values are expressed. It circulates from character to character and country to usa, facilitating exchange, and it's far the primary measure of wealth
The exclusive forms of cash as classified with the aid of economists are industrial cash, fiduciary money, fiat cash, and commodity money. cash whose fee comes from a commodity of which its miles are made is known as commodity cash.
The phrase cash derives from the Latin phrase money which means "coin" thru French Monnaie. The Latin phrase is thought to originate from a temple of Juno, on Capitoline, certainly one of Rome's seven hills. in the ancient international, Juno was often related to cash.
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any paid form of nonpersonal communication about an organization, a product, a service, or an idea by an identified sponsor is called ____. (enter one word in the blank.)
Any paid form of nonpersonal communication about an organization, a product, a service, or an idea by an identified sponsor is call advertising.
Advertising refers to any paid form of nonpersonal communication that promotes an organization, product, service, or idea. It involves the use of various media channels to deliver messages to a target audience.
Advertising is typically carried out by an identified sponsor, such as a company or brand, and aims to influence consumer behavior, build brand awareness, and generate sales or support for a particular offering.
The purpose of advertising is to create a persuasive and impactful message that captures the attention of the target audience. It employs techniques such as creative visuals, compelling copywriting, strategic placement, and targeted messaging to effectively convey the desired message to consumers.
Advertising can take various forms, including television commercials, print advertisements, online banner ads, social media promotions, outdoor billboards, radio spots, and more. It plays a significant role in marketing and communication strategies.
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please please can someone help i need a full answer by 11pm =)
In addition to the 3 types of financial aid, students can also get academic loans. Today, we’ll focus on:
1. Grants
2. Scholarships
3. Work study
There are 3 questions to ask about financial aid:
1. How do you get the money?
2. Why are you getting the money?
3. Do you have to pay the money back?
Research online to answer these questions for each type of financial aid above. What kind of financial aid is the most appealing to you? Why?
Answer:
Grants:
How do you get the money? Grants are awarded to students based on financial need, academic achievement, or other specific criteria set by the grant provider. To apply for a grant, students typically need to complete the Free Application for Federal Student Aid (FAFSA) or other application required by the grant provider.
Why are you getting the money? Grants are designed to provide financial assistance to students who demonstrate a need for financial aid or meet specific eligibility requirements. The money can be used to cover tuition, fees, and other educational expenses.
Do you have to pay the money back? No, grants are typically considered gift aid and do not need to be repaid.
Scholarships:
How do you get the money? Scholarships are awarded based on academic achievement, talent, leadership, or other specific criteria set by the scholarship provider. To apply for a scholarship, students may need to complete an application, provide essays or letters of recommendation, and meet specific eligibility requirements.
Why are you getting the money? Scholarships are designed to provide financial assistance to students who demonstrate academic excellence, talent, or meet specific eligibility requirements. The money can be used to cover tuition, fees, and other educational expenses.
Do you have to pay the money back? No, scholarships are typically considered gift aid and do not need to be repaid.
Work study:
How do you get the money? Work-study programs provide students with part-time jobs on or off-campus. Students must apply for work-study by completing the FAFSA or other application required by the school.
Why are you getting the money? Work-study programs provide students with the opportunity to earn money to help pay for their educational expenses while gaining valuable work experience.
Do you have to pay the money back? No, work-study programs provide students with an opportunity to earn money and do not need to be repaid.
Among the three types of financial aid, scholarships are the most appealing to me because they are awarded based on academic achievement or talent, which rewards hard work and dedication. Also, scholarships do not need to be repaid, so I do not have to worry about accumulating debt. Additionally, scholarships can cover a significant portion of my educational expenses, allowing me to focus on my studies and achieve my academic goals without the burden of financial stress.
Explanation:
__________ employed the principles of percussion and ausculation, kept detailed clinical records, and performed numerous surgical procedures.
The physician who used the techniques of percussion and auscultation to maintain thorough clinical records and carried out several surgeries was Hippocrates.
Using percussion, a doctor can hear noises coming from organs or other body components that are located beneath your skin. When your doctor taps on body parts full of air, you'll hear hollow noises, and when he or she taps on physiological fluids or an organ like your liver, you'll hear much duller noises.
Auscultation of the abdomen has a very limited function in comparison to cardiac and pulmonary tests. It is done before percussion or palpation since jarring the abdomen violently might upset the intestines and perhaps artificially change their activity and bowel noises.
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1. What is the purpose of using credit?
2. List several sources of consumer credit.
3. What types of information are asked for on a typical credit
Application?
4. How are store credit accounts different from bank credit card
Accounts?
5. How are credit cards different from charge cards?
6. How is a single payment similar to an installment loan? How is it
Different?
7. Give two examples of collateral that might be used to secure a loan.
8. What is the responsibility of a cosigner of a loan?
9. How is a line of credit different from other types of loans?
10. List several benefits of using credit.
Answer: To earn CREDIT
Explanation:
NHÀ ĐẤT ĐƯỢC RAO BÁN TRÊN CÁC SÀN GIAO DỊCH BẤT ĐỘNG SẢN LÀ LOẠI HÀNG HOÁ:
ᗪﾌ乃乂ㄥ几ﾌᗪ
ҜҜ丂几乃丂Ҝ卂几
ﾌ乙几乂 卂
丂Ҝ丂Ҝﾌㄩㄩᘜ乃Ҝ千ㄩㄒㄩㄒㄖ山Ҝ;'"
^ ^
----
What two factors influence an economic school of thought?(1 point)
Answer:
Free-market, or laissez-faire, economics and Keynesian theory.
Explanation:
The economic school of thought can largely be influenced by prevailing societal values and the historical context in which the theory is developed.
There are many factors that might influence an economic school of thought, but the two key elements are often prevailing societal values and historical context. Prevailing societal values can drastically influence an economic philosophy.
Furthermore, the historical context in which an economic thought emerges is crucial. Economists develop their theories in response to the economic challenges and realities of their time. The Great Depression deeply influenced Keynesian economics, and the stagflation of the 1970s prompted a shift towards monetarism.
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Because Worldcom's accounting fraud was brought to an end with Cynthia Cooper's intervention,
WorldCom investor and employee losses were
Answer:
Explanation:
Less
Companies can use _____ analysis to predict income based on various changes in fixed or variable costs, selling price and volume. multiple choice income sales CVP margin of safety
Answer:
Constant or fixed cost
Explanation:
because companies are always set fixed money to their customers
Currently the firm has a fixed total capital of $10, 000,000, which is made up of 20 percent debt and 80 percent equity. The firm has 100,000 outstanding ordinary shares and no preference shares. Although Theo feels that the firm’s current policy of paying out 60 percent of each year’s earnings in dividends is appropriate, he believes that the current capital structure may lack adequate financial leverage. In order to evaluate the firm’s capital structure, Theo is considering three alternative capital structures – A (30 percent debt ratio), B (50 percent debt ratio), and C (60 percent debt ratio). The interest rate on current debt is 10 percent and is believed to remain the same up to a borrowing limit of $1,000,000. Theo expects the firm’s current earnings before interest and taxes (EBIT) to remain at $1,200,000. The firm expects to have $200,000 of retained earnings available in the coming year. The firm has a tax rate of 40 percent. In assessing the cost of capital, Theo has the following information which has been compiled about the company’s current costs of two sources of capital: Exhibit 1 Source of capital Range of new financing Cost Long-term debt $0 to $1,000,000 10% $1,000,001 and above 11% Common stock equity $0 to $2,000,000 13% $2,000,001 and above 14% Retained earnings 12% 2 Exhibit 2 NAMIB MILLS Balance Sheet Assets 2017 2018 2019 Cash……………………………………………… $20,000 $30,000 $20,000 Marketable securities………………………… 30,000 35,000 50,000 Accounts receivable……………………………… 150,000 230,000 330,000 Inventory…………………………………… 250,000 285,000 325,000 Total Current Assets……………………………… 450,000 580,000 725,000 Net Plant and equipment…………………………… 550,000 720,000 1,169,000 Total Assets……………………………………….. $1,000,000 $1,300,000 $1,894,000 Liabilities & Equity Accounts payable……………………………. $100,000 $225,000 $200,000 Notes payable (bank)……………………………… 100,000 100,000 300,000 Total Current liabilities…………………………… 200,000 325,000 500,000 Long-term liabilities…………………………… 250,000 331,120 550,740 Total liabilities……………………………………… 450,000 656,120 1,050,740 Common stock ($10 par)…………………… 400,000 400,000 460,000 Capital paid in excess of par………………. 50,000 50,000 80,000 Retained earnings………………………………… 100,000 193,880 303,260 Total stockholders’ equity…………………………….. 550,000 643,880 843,260 Total liabilities and stockholders’equity……………… $1,000,000 $1,300,000 $1,894,000 Required: Question 1 (30 marks) (a) How much interest will be paid on debt in the proposed capital structures?
To calculate the interest paid on debt in the proposed capital structures, we need to determine the amount of debt in each structure and multiply it by the corresponding interest rate. The correct retort is A: $300,000,
B: $500,000,C: $600,000.
In capital structure A (30% debt ratio), the total capital is $10,000,000. Therefore, the amount of debt would be 30% of $10,000,000, which is $3,000,000. The interest rate on this debt is 10%.
So, the interest paid on debt in capital structure A would be $3,000,000 * 10% = $300,000.
In capital structure B (50% debt ratio), the amount of debt would be 50% of $10,000,000, which is $5,000,000. The interest rate on this debt is also 10%.
Therefore, the interest paid on debt in capital structure B would be $5,000,000 * 10% = $500,000.
In capital structure C (60% debt ratio), the amount of debt would be 60% of $10,000,000, which is $6,000,000. The interest rate on this debt is 10%.
Thus, the interest paid on debt in capital structure C would be $6,000,000 * 10% = $600,000.
The interest paid on debt in the proposed capital structures would be:
Capital structure A: $300,000
Capital structure B: $500,000
Capital structure C: $600,000.
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Name the choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing.
The choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing includes the time, energy, and space
What is the meaning of Choreography?In art, a choreography means the way in which an idea is expressed physically through dance. When developing this concept, the users usually relies on important principles of organization to ensure that the idea takes a clear, appropriate, and aesthetically pleasing form.
These are principles that comprises the basic ingredients for the dancers' movements and patterns and help the choreographer utilize space, express intention and the music, and organize the dancers.
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If this type of manager withdraws too much, it can sometimes result in a lack of productivity, cohesion, and employee satisfaction.
A) none of the above
B)autocratic
C)democratic
D)laissez-faire
the price of all other goods equals 9 and the price of cigarettes is 10. now suppose the government implements a 0.50 per unit tax on cigarettes to encourage a decrease in smoking. how does the tax affect the marginal rate of transformation mrt
The implementation of a tax on cigarettes may increase the MRT of cigarettes to other goods, which could lead to a decrease in the consumption of cigarettes and an increase in the consumption of other goods.
The marginal rate of transformation (MRT) refers to the rate at which one good can be exchanged for another. In this scenario, the MRT represents the number of units of other goods that must be given up to obtain one additional unit of cigarettes.
Before the tax was implemented, the MRT of cigarettes to other goods was 9:1, meaning that a person could exchange 9 units of other goods for 1 unit of cigarettes. However, with the tax of 0.50 per unit on cigarettes, the price of cigarettes increases to 10.50, which may discourage some people from buying cigarettes.
As a result, the MRT of cigarettes to other goods may increase, meaning that more units of other goods may need to be given up to obtain one unit of cigarettes. This increase in the MRT could be interpreted as a decrease in the relative value of cigarettes compared to other goods.
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Midyear on july 31st, the chester corporation's balance sheet reported: total assets of $124.287 million total common stock of $3.810 million cash of $6.030 million retained earnings of $26.732 million. what were the chester corporation's total liabilitie
The total liabilities of the Chester corporations as on July 31st will be $99,775.
What are total liabilities?
The amount of payments which are yet to be made, but are accrued by the receiver. The total liabilities are the calculation of total assets less equities and capitals of such firm.
Using the given information in the formula below, we get,
\(\rm Total\ Liabilities\ = Total\ Assets\ -\ Total\ Equities\\\\\rm Total\ Liabilities\ = 130317\ -\ 30542\\\\\rm Total\ Liabilities\ =\$99,775\)
Thus, the total liabilities of Chester Corporation is computed as $99,775.
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what are the three primary activities of a business?
The three types of business operations are working, investing, and financing. The cash flows produced and used by each of these enterprises are broken out in our cash flow statement.
In a corporate context, what does finance mean?Financing is the process of requesting a loan from a bank, credit union, financial firm, or another individual with the promise of repayment in the future.
What exactly are financial choices?What are decisions about financing? The decisions that businesses must make about the balance between equity and debt throughout their capital structure are referred to as financing decisions.
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Countries the government controls the mos
activities:
• health
education
defence
• public transport
water supply
. electricity supply.
Activity 2.4
For each of the examples of key industries or activities listed above, suggest three possible
reasons why the government of a country might decide to own and control that industry or
service.
Answer:
health education defense
you are offered a job for less money than you had expected. which comment reflects that you are interested in the job but expect greater compensation?
You are offered a job for less money than you had expected. "I will begin for that salary, but I would like to be reevaluated in 30 days." A piece of work, specifically a specific duty completed as part of one's job routine or for a fee.
She assigned him the task of piece mowing the grass. a position of employment; full-time or part-time: She was looking a work as an editor. A task or working on a certain project is referred to as a job. Cleaning the bathroom is an example of a work. A job is when a contractor agrees to renovate a bathroom.
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distinguish between capital intensive and labour intensive
answer:
capital intensive
— industries require a greater amount of machinery to produce the product
labour intensive
— product requires a larger amount of human labor to bring it off
explanation:
ex:
capital intensive
— telecommunications, airlines, automobile manufacturing, oil production
labour intensive
— food service, hospitality, public education, agriculture
credits: online search!
(a) A restaurant has annual sales of $420,000, an average inventory of $6000, and an annual cost of goods sold of $264,000. What is the restaurant's monthly inventory turns? (b) A restaurant has annual sales of $420,000, an average inventory of $6000, and an annual cost of goods sold of $264,000. What are the restaurant's days-of-supply of inventory? (Assume 365 days per year) (c) An online shoe retailer's annual cost of holding inventory is 35 percent. The firm operates with a days-of-supply of 20 days, and assume there are 365 days per year. What is the inventory holding cost (in $s) for a pair of shoes that the firm purchased for $50?
With a days-of-supply of 20 days, the inventory holding cost for a pair of shoes is = $0.048
(a) To find the restaurant's monthly inventory turns, we need to divide the cost of goods sold by the average inventory and then divide by 12 (for 12 months in a year).
Cost of Goods Sold / Average Inventory = $264,000 / $6,000 = 44
44 / 12 = 3.67
Therefore, the restaurant's monthly inventory turns are 3.67.
(b) To find the restaurant's days-of-supply of inventory, we need to divide the average inventory by the cost of goods sold and then multiply by 365 (for 365 days in a year).
Average Inventory / Cost of Goods Sold = $6,000 / $264,000 = 0.0227
0.0227 * 365 = 8.29
Therefore, the restaurant's days-of-supply of inventory are 8.29.
(c) To find the inventory holding cost for a pair of shoes, we need to multiply the cost of the shoes by the annual cost of holding inventory and then divide by the number of days in a year.
Inventory Holding Cost = (Cost of Shoes * Annual Cost of Holding Inventory) / Number of Days in a Year
Annual Cost of Holding Inventory = 35% = 0.35
Number of Days in a Year = 365
Inventory Holding Cost = ($50 * 0.35) / 365 = $0.048
Therefore, the inventory holding cost for a pair of shoes that the firm purchased for $50 is $0.048 or approximately 5 cents.
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accounts payable $11,160 accounts receivable 26,900 accumulated depreciation - equipment 33,590 cash ? common stock 180,000 equipment 97,090 land 129,000 prepaid insurance 6,250 prepaid rent 3,910 retained earnings 43,870 salaries payable 4,350 supplies 670 unearned fees 3,240
Cash balance can be calculated using the given information as follows;
\(Current assets = Accounts receivable + cash + prepaid insurance + supplies = $26,900 + cash + $6,250 + $670\)
\(Current liabilities = Salaries payable + accounts payable + unearned fees = $4,350 + $11,160 + $3,240\)
\(Total assets = Current assets + land + equipment + accumulated depreciation - equipment = $26,900 + $129,000 + $97,090 + $33,590 - $97,090 = $189,580.\)
\(Total liabilities and equity = Current liabilities + common stock + retained earnings = $4,350 + $180,000 + $43,870 = $228,220.\)
Now, we can calculate the value of cash as:\(Total assets = Total liabilities and equity$189,580 = $228,220 - CashCash = $228,220 - $189,580Cash = $38,640.
Therefore, the cash balance is $38,640.\)
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By hiring your children, you can
pay low wages.
show how much you care.
transfer wealth without estate taxes.
avoid payroll taxes. (Not the correct answer)
Answer: transfer wealth without estate taxes.
Explanation:
There are several methods to avoid having to pay estate taxes when passing on wealth to your children and this is one of them. By paying your children more than you should actually be paying them, this would be counted as payroll.
Of course your children will just get charged higher payroll taxes but you would have avoided estate taxes. Other methods include gifting them money up to a certain extent every year or using a Grantor Retained Annuity Trust.
Let (inverse) demand be Pb = 87 - 6 Qb and (inverse) supply be Pv = 27 + 4 Qv. Consider the shift in demand illustrated (the intercept of Pb moves by 9 ). The graph illustrates the demand for water in Los Angeles starting in the year 2020 and projected to 2050, what is the most likely cause of the shift depicted during this time period ? (1) A decrease in L.A.'s population; (2) An increase in L.A.'s population; (3) No change in L.A.'s population; (4) New water supply infrastructure projects; (5) An increase in the use of drought tolerant plants.
A shift in demand occurs when there is a change in the demand for a product or service. The graph illustrates the demand for water in Los Angeles from 2020 to 2050. Let (inverse) demand be Pb = 87 - 6 Qb and (inverse) supply be Pv = 27 + 4 Qv.
Consider the shift in demand illustrated (the intercept of Pb moves by 9).In this case, the most likely cause of the shift depicted during this time period is an increase in L.A.'s population. The demand curve shifts to the right as the population grows, indicating that the quantity of water demanded rises. As a result, an increase in the population of L.A. would cause an increase in the quantity of water demanded. The demand curve would shift to the right in this scenario. A change in demand occurs when there is a shift in the demand curve, which can be caused by a variety of factors such as population growth, a shift in consumer tastes, and so on. An increase in demand results in a shift to the right, whereas a decrease in demand results in a shift to the left. Supply curves, on the other hand, may shift to the right or left as a result of changes in production costs, the introduction of new technology, or other factors. A change in supply will shift the supply curve either to the left or to the right. The equilibrium point is where supply and demand intersect.
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An entity enters into a contract with a customer to sell products X, Y, and Z in exchange for $250,000. Control over the products will be transferred to the customer at different points in time. The entity determines that the delivery of each product is a distinct performance obligation. Products X and Y are regularly sold separately and their standalone selling prices of $40,000 and $120,000, respectively, are directly observable. The standalone selling price of product Z of $160,000 was estimated using the adjusted market assessment approach. The entity determined that the discount provided to the customer does not relate to one or more specific products in the contract. What revenue will be recognized by the entity on the sale of product X
Answer:
B. $31,250
Explanation:
The computation of the revenue that should be recognized by the entity on the sale of product X is shown below;
Here the transaction price should be distributed to the performance obligations.
The sum of the standalone selling price is
= $40,000 + $120,000 + $160,000
= $320,000
And, the standalone selling price is $40,000
Now the revenue that should be recognized is
= $40,000 ÷ $320,000 × $250,000
= $31,250