vanhoe Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $29,500 and sales taxes $1,475.
Answers
Based on the information provided, the total sales for Vanhoe Company on April 10 were $29,500, and the total sales taxes collected were $1,475.
In this case, $29,500 - $1,475 = $28,025. Therefore, the sales amount before taxes was $28,025. It is important for businesses to separate sales and sales taxes on their cash register to keep accurate records of sales and taxes collected.
This helps in tracking sales trends, determining tax liabilities, and preparing financial statements. In summary, on April 10, Vanhoe Company had sales totaling $29,500, with sales taxes amounting to $1,475. The sales amount before taxes was $28,025.
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Related Questions
Assuming a 360-day year, the interest charged by the bank at the rate of 7%, on a 90 -day, discounted note payable of $115,200 is Round your answer to the nearest whole dollar. a. $115,200 b. $2,016 c. $8,064 d. $4,03
Answers
The interest charged by the bank at the rate of 7% on a 90-day, discounted note payable of $115,200 is $2,016. Option b is correct.
To calculate the interest charged on a discounted note payable, we use the formula: Interest = Principal x Rate x Time. In this case, the principal is $115,200, the rate is 7%, and the time is 90 days.
First, we need to convert the time period from days to a fraction of a year. Since there are 360 days in a year in this scenario, 90 days is equivalent to 90/360 or 1/4 of a year.
Using the formula, the interest charged would be:
Interest = $115,200 x 7% x 1/4 = $115,200 x 0.07 x 0.25 = $2,016.
Therefore, the correct answer is b. $2,016. This represents the interest charged by the bank on the 90-day, discounted note payable of $115,200 at an annual interest rate of 7% in a 360-day year.
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Most labor economists believe that the supply of labor is much less elastic than the demand. This means that workers, rather than firms, bear most of the burden of the payroll tax is called____
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Most labor economists believe that the supply of labor is much less elastic than the demand. Workers, rather than firms, bear most of the burden of the payroll tax is called Elasticity with payroll taxes
The distribution of a tax's burden across buyers and sellers in a market is referred to as its incidence. Depending on the relative elasticity of supply and demand, a tax on a commodity may have an impact on both the price that buyers pay and the price that sellers receive. The majority of labour economists think that the supply of labor is less elastic than the demand for labour in the case of a payroll tax, which is a tax on wages paid by employers.
Workers react to salary adjustments differently than employers do to changes in the cost of labour. Because of this, it is likely that workers will face the majority of the tax burden in the form of decreased after-tax wages when a payroll tax is implemented. So, according to the majority of labour economists, the supply of labour is significantly less elastic than the demand. Elasticity with payroll taxes refers to the fact that employees, not businesses, carry the majority of the payroll tax burden.
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Mr. White sends his acceptance for a business contract to Mr. Green. But Mr. White put insufficient postage on the envelope. One day later, Mr. Green revokes the offer through the mail. Mr. White, upon receipt of the undelivered acceptance, overnighted the acceptance letter to Mr. Green. The overnighted acceptance letter reaches Mr. Green before the revocation letter reached Mr. White. If a court finds that the UCC rule applies, a valid acceptance occurred and a contract was created between Mr. White and Mr. Green.True or False
Answers
Answer: True
Explanation:
In business, terms of agreement which is concluded earlier stands a better chance to stand over decisions taken at the later moment.
The means of communication here affected how the communication went. They both used mail postage but that which were initially agreed would stand over that which is being cancelled later.
Creators spend time in quadrant 1 but more importantly as much time as possible in quadrant _____.
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Creators spend time in quadrant 1 but more importantly as much time as possible in quadrant 2.
What is Quadrant?A quadrant is an area or section of a cartesian plane that results from the intersection of two axes.
Planning, relationship-building, preventative measures, and routine exercise are all activities that fall within the second quadrant. These are the preventative measures we can take to ensure that serious issues don't crop up in our lives. Self-renewal is one of the most significant Quadrant II tasks we may engage in.
Therefore, Creators spend time in quadrant 1 but more importantly as much time as possible in quadrant 2.
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A manager who involves members of the team in decisions is using which management style?
A.
Authoritarian
B.
Hands-off
C.
Participative
D.
Autocratic
Answers
Answer:
c.
Explanation:
Answer:
i think its c) to
Explanation:
according to obra, what is the minimum number of employees required to constitute a large group?
Answers
According to Obra, a minimum of 100 employees is required to constitute a large group.
Small groups include businesses with two to fifty full-time employees. For major organizations, more than 50 individuals work full-time.
Businesses with less than 200 employees frequently mandate that all parents enroll their kids. Part-time employees are not eligible for group health insurance. Even so, you can be qualified for employee health insurance if your company has less than 7 employees, but the bulk of them are employed part-time.
Small company health insurance is only available to businesses with between one and 50 employees. It qualifies as a small business for the purpose of receiving group health insurance. If you have more than 50 employees, you should apply for huge group insurance.
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Which of the following is an example of the ethical issue of gift-giving in the
health care industry?
Answers
Answer:
Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...
Transmission of Diseases. ...
Relationships. ...
End-of-Life Issues
etc.
Answer:
A doctor prescribes medication to patients after the pharmaceutical company present tickets to a basketball game to the doctor.
Explanation:
good luck with your homework <3
Your general manager has heard that ecommerce giant (let’s pretend Amazon.com) is about to enter the online hotel distribution game. As he knows little about distribution issues, he has asked you to assess the positives and negatives of adding this new channel to your existing extensive portfolio of electronic distribution channels once the service comes to your city.
(1) Make (and justify) a recommendation on whether you think it would be beneficial for a hotel to distribute itself through Amazon’s new service?
(2) Highlight and explain to an unknowledgeable reader three major advantages of adding Amazon as a distribution partner.
(3) Highlight and explain to an unknowledgeable reader three challenges with using Amazon as a distribution partner.
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(1) Recommendation: It would be beneficial for a hotel to distribute itself through Amazon's new service.
By partnering with Amazon, hotels can potentially reach a wider customer base and benefit from Amazon's strong brand recognition and customer trust. This could lead to increased bookings and revenue for the hotel. Additionally, using Amazon's distribution platform may offer hotels access to advanced technology and tools, simplifying the booking process for both the hotel and the customers.
(2) Three major advantages of adding Amazon as a distribution partner:
a) Increased Visibility: By leveraging Amazon's vast customer base and online presence, hotels can increase their visibility and attract more potential guests. This can result in higher occupancy rates and revenue.
b) Seamless Integration: Amazon's distribution platform is designed to provide a seamless booking experience for customers. Hotels can benefit from Amazon's user-friendly interface and efficient booking process, making it easier for customers to find and book their accommodations.
c) Customer Trust: Amazon is a trusted and well-known brand in the e-commerce industry. Partnering with Amazon can help hotels establish credibility and gain the trust of potential customers who may be hesitant to book with lesser-known online platforms.
(3) Three challenges with using Amazon as a distribution partner:
a) Increased Competition: By distributing through Amazon's service, hotels may face increased competition from other properties listed on the platform. This could lead to potential price wars or difficulty in differentiating their offerings.
b) Commission Fees: Amazon charges commission fees for each booking made through their platform. Hotels need to carefully consider these fees and assess their impact on overall profitability.
c) Limited Control: When partnering with Amazon, hotels may have limited control over their branding and customer experience. They need to ensure that their unique identity is maintained and that customer service standards align with their own brand values.
It's important to note that while the advantages and challenges mentioned above are common, each hotel's specific circumstances and goals should be taken into account when deciding whether to use Amazon as a distribution partner.
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can i doit without pay
Answers
Answer:
what?
Explanation:
The Americans with Disabilities Act (ADA) requires that a company
a. provide training to people with disabilities
b. find ways to help workers who are physically challenged
c. hire a certain number of people with special needs
d. adapt products manufactured for special-needs customers
TIMEEDD FIRST ANWER GETS BRAINLIEST!!!!
Answers
Answer:
b. find ways to help workers who are physically challenged.
Explanation:
One of the major trends in the lodging sector is that organizations are becoming more international.
O False
O True
Mark this and return
Save and Exit
Nex
Subm
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please help me i reallu need your help
Answers
Explanation:
Answer:
what's the question??
..................._.....................
Explain the statement social economic responsibility
Answers
Answer:
Social economic responsibility is the idea that businesses and organizations have an obligation to not only generate profits and create economic value, but also to act in a way that positively impacts society and the environment. This includes considering the social and environmental impacts of their actions, and taking steps to mitigate negative effects and promote positive ones.
Social economic responsibility is based on the understanding that businesses and organizations do not exist in isolation from the rest of society, but rather are an integral part of it. As such, they have a responsibility to contribute to the well-being of society as a whole, beyond just their own financial success.
Examples of social economic responsibility include adopting sustainable business practices, investing in local communities, supporting employee well-being and development, and engaging in philanthropic activities. By prioritizing social and environmental responsibility, businesses can not only contribute to the betterment of society, but also improve their own long-term sustainability and success.
Explanation:
What are two types of organizational structures designed to help an organization achieve its goals and objectives?
Answers
Answer:
the only one I can think I office procedure
when experiencing (fill in the blank) amnesia, you experience loss of memory for events that occurred prior to the trauma. when experiencing (fill in the blank) amnesia, you cannot remember new information.
Answers
Amnesia is a condition when a person cannot recall memories, essential milestones, people in their lives, and/or events that happened before the causing trauma.
There are several types of amnesia:
Anterograde amnesia: when a person cannot form new memories after a brain injury or traumatic event. Retrograde amnesia is when a person cannot remember memories before a traumatic event.Traumatic amnesia: when a person temporarily loses memories because of an injury to the head. This condition is usually temporary, but the duration may vary from one case to another.Alcohol-induced amnesia: when a person experiences gaps in memories caused by heavy drinking.Prosopamnesia: when a person has difficulty remembering faces.Therefore, based on the explanation above,
When experiencing retrograde amnesia, you experience loss of memory for events that occurred prior to the trauma. When experiencing anterograde amnesia, you cannot remember new information.
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The focus on traditional financial statements is -Select- data rather than cash flow. However, cash flow is important to investors, managers, and stock analysts. Therefore, corporate decision makers and security analysts need to modify accounting data provided to them. An important modification is the concept of free cash flow (FCF). Many analysts regard FCF as being the single and most important number that can be developed from the accounting statements, even more important than net income. The equation for free cash flow is:
Answers
Answer:
The focus on traditional financial statements is ACCOUNTING data rather than cash flow.
Free cash flows = (EBIT x (1 - tax rate)] + non-cash expenses (depreciation and amortization) - capital expenditures - increases in net working capital
Explanation:
Cash is KING. A company might b extremely profitable from an accounting point of view, but if it doesn't have enough cash to keep running, it will go bankrupt. E.g. many companies increase their sales revenue by handing out long credit terms to most or all of its customers including some that may not be able to pay them back. That increases accounts receivables and net income, but until the cash is collected, this is useless. The other option that a company has is to factor their accounts receivables but factoring companies are not dumb and they will pay a very low amount for them.
Companies and stocks are always valued based on cash flows, never on accounting records. Accounting records might be deceiving, but cash never lies. Either the company has or doesn't have cash. A company's cash flow tells investors how well managed a company is.
E.g. Remember that during the Great Recession both GM and Chrysler went bankrupt and the government had to bail them out. If you looked at their accounting records of the previous year, they were both profitable, so why did they burst in just a few months? They didn't have cash. Cars and SUVs are useless unless you sell them and collect the cash. Ford didn't go bankrupt because it had billions of dollars in cash, not because they were doing great. Ford was actually the company that performed worst form an accounting point of view. But out of the 3 car companies, it was the only one properly managed. Accounting records are great for the IRS but are meaningless to an investor.
What is marginal value.
Answers
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HOPE IT'S HELP
storing cash in a company safe is an application of which internal control principle? documentation procedures physical controls establishment of responsibility segregation of duties
Answers
Physical control is an application of internal control principle for storing cash in a company safe.
What is Internal Control Principle?
Internal control principles are the notions that require management to put processes in place to protect corporate assets. In other words, they are the concepts that management employs to determine how to safeguard firm assets. Internal controls are a constantly evolving topic, and this collection of principles is likely to grow in the future as well. This is only a selection of the most prevalent and influential. Having stated that, these principles serve as the foundation for management's creation and implementation of internal controls. In other words, they are the fundamental concepts of controls. They are not in and of themselves controllers. Management must apply these concepts to their unique business.
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100 points
Spreadsheets
Project: Perform Spreadsheet Calculations Active
In ProgressAttempt 2
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CyanMagentaGreeenClear Highlights
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Answer:
Good luck next year. Before i go i want to give a huge thank u to, brainly, quizlet, mathaway and more because without u all i wouldn't be able to pass. THANK U!!!
The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is thinking of expanding his sales by hiring high school students, on a commission basis, to sell sweatshirts bearing the name and mascot of the local high school.
These sweatshirts would have to be ordered from the manufacturer six weeks in advance, and they could not be returned because of the unique printing required. The sweatshirts would cost Hooper $16.00 each with a minimum order of 203 sweatshirts. Any additional sweatshirts would have to be ordered in increments of 203.
Since Hooper’s plan would not require any additional facilities, the only costs associated with the project would be the costs of the sweatshirts and the costs of the sales commissions. The selling price of the sweatshirts would be $32.00 each. Hooper would pay the students a commission of $7.00 for each shirt sold.
Required:
1. What level of unit sales and dollar sales is needed to attain a target profit of $7,308?
2. Assume that Hooper places an initial order for 203 sweatshirts. What is his break-even point in unit sales and dollar sales? (Round your intermediate calculations, round "Break-even point in unit sales" up to the nearest whole unit and round "Break-even point in dollar sales" to the nearest whole dollar.)
3. How many sweatshirts would Hooper need to sell to earn a target profit of $8,222? (Round final answer up to the nearest whole unit.)
Answers
1. The unit and dollar sales levels needed to attain a target profit of $7,308 are 812 and $25,984.
2. The break-even point with 203 sweatshirts is $4,669.
3. The unit sales level needed to attain a target profit of $8,222 is 914.
What is the break-even point?The break-even point represents the required sales units for no profit or loss to be achieved.
At the break-even point, the total revenue equals the total costs (fixed and variable).
Data and Calculations:Selling price per sweatshirt = $32
Variable cost per unit = $23 ($7 + $16)
Contribution margin per unit = $9 ($32 - $23)
Contribution margin ratio = 0.28125 ($9/$32)
Fixed costs = $0
Target profit = $7,308
1. Sales level to attain a target profit of $7,308 = 812 units ($7,308/$9)
And $25,984 ($7,308/0.28125)
2. Break-even point with 203 sweatshirts = $4,669 ($23 x 203)
3. Target profit = $8,222
Sales level to attain a target profit of $8,222 = 914 units ($8,222/$9)
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During a group session, the only Persian member and another member ended up in a heated debate about cultural differences. The leader, also Persian, was caught off guard and unsure of how to address the situation in the moment, struggling with an internal conflict. What was the leader’s fear?A) Connecting with the Persian member.
B) Overidentifying with the non-Persian member.
C) Connecting with the non-Persian member.
D) Overidentifying with the Persian member.
Answers
Answer: D. Overidentifying with the Persian member.
Explanation:
The leaders fear in this case is over identifying with the Persian member. Since the leader is Persian, he is afraid that he could overidentify with the Persian member and this could bring about biasness with the way he handles the issue.
Therefore, based on the given options, the correct answer is D.
According to Maslow, what must happen before people start trying to satisfy growth needs?
A) They must satisfy deficiency needs.
B) The must develop wisdom.
C) They must develop motivation.
D) They must satisfy higher-order needs.
Answers
c is my guess
Explanation:
Hizan is the owner of a company manufacturing shirts. His company is selling the shirts at a price of ₹200 per unit. The variable costs is ₹150 per unit. The fixed costs for the period is ₹5,00,000/-. Calculate the minimum number of units that must be sold for the company to attain break even. Show break even in terms of rupees.
Answers
Given:
Selling price = ₹200 per unit
Variable costs = ₹150 per unit.
Fixed costs for the period = ₹5,00,000
To find:
The minimum number of units that must be sold for the company to attain break even and break even in terms of rupees.
Solution:
We know that,
Total cost = Fixed cost + Variable cost
Let the number of manufacturing shirts be x, so the cost function for the shirts is
\(C(x)=500000+150x\)
Selling price is ₹200 per unit. So, revenue function is
\(R(x)=200x\)
At break even point the company has no profit no loss. It means, revenue is equal to cost.
\(R(x)=C(x)\)
\(200x=5,00,000+150x\)
\(200x-150x=5,00,000\)
\(50x=5,00,000\)
Divide both sides by 50.
\(x=10000\)
Therefore, minimum number of units that must be sold for the company to attain break even is 10,000.
To find the break even price, substitute x=10000 in either cost function or revenue function.
\(R(10000)=200(10,000)\)
\(R(10000)=20,00,000\)
Therefore, the break even in terms of rupees is ₹20,00,000.
QUESTION 12 Entity A invested $54,000 in 8.75% loan notes. Transaction cost is incurred as $1,255. The loan interest is paid in arrears. The loan notes are repayable at a premium after 3 years. The effective rate of interest is 12.25%. Entity A intends to collect the contractual cash flows which consist solely of repayments of interest and principal. REQUIRED: (1) Measure the interest revenue recognised in the Statement of Profit or Loss of year 3. (2) Measure the loan notes recognised in the Statement of Financial Position of year 2. ANSWERS (1) The interest revenue = $ (2) The loan notes = $
Answers
The interest revenue recognized in the Statement of Profit or Loss of year 3 is approximately $6,768.94. The loan notes recognized in the Statement of Financial Position of year 2 is $55,255.
To calculate the interest revenue recognized in the Statement of Profit or Loss in year 3 and the carrying amount of the loan notes in the Statement of Financial Position in year 2, we'll need to consider the information provided.
Measure the interest revenue recognized in the Statement of Profit or Loss of year 3:
The loan notes have an effective rate of interest of 12.25%, but the stated interest rate is 8.75%. This suggests that the loan notes were issued at a premium. We'll need to determine the premium amount.
Principal investment: $54,000
Transaction cost: $1,255
Total cost of the investment: $54,000 + $1,255 = $55,255
Premium amount = Total cost of investment - Principal investment
Premium amount = $55,255 - $54,000 = $1,255
To calculate the interest revenue recognized in year 3, we need to find the interest earned on the carrying amount of the loan notes. Since the interest is paid in arrears, we'll consider the carrying amount at the end of year 2.
Carrying amount of the loan notes at the end of year 2 = Principal investment + Premium amount
Carrying amount of the loan notes at the end of year 2 = $54,000 + $1,255 = $55,255
Interest revenue in year 3 = Carrying amount at the end of year 2 * Effective interest rate
Interest revenue in year 3 = $55,255 * 12.25% = $6,768.94
Therefore, the interest revenue recognized in the Statement of Profit or Loss in year 3 is approximately $6,768.94.
Measure the loan notes recognized in the Statement of Financial Position of year 2:
The carrying amount of the loan notes at the end of year 2 is the same as the principal investment plus the premium amount:
Carrying amount of the loan notes at the end of year 2 = Principal investment + Premium amount
Carrying amount of the loan notes at the end of year 2 = $54,000 + $1,255 = $55,255
Therefore, the loan notes recognized in the Statement of Financial Position in year 2 is $55,255.
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The two most basic inventory questions answered by the typical inventory model are:.
Answers
The two most basic inventory questions answered by the typical inventory model are order time and order quantity.
What is the Inventory model?Corresponds to a metric that organizations use to control stock, determining the level needed to effectively meet production, raw materials and order demands, in order to identify how much stock is necessary for the flow of organizational processes occur optimally.
Therefore, it is essential that inventory management is analyzed, organized, controlled and reviewed in accordance with organizational objectives and goals.
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Anna's job pays $10 per hour, and she works 40 hours per week. Her tax rate is 20 percent. Assuming she works 50 weeks per year, the amount she will pay in taxes is $4,000 $14,000 $20,000 $30,000
Answers
PLZ ANSWER ASAP!
Imagine you are on the other side of the playing field and you are the one interviewing someone for a job at your company. What are the top three things that you would look for or hope to hear the interviewee say? Why?
Answers
You work well with other
You are motivated
Because you can’t hire someone who is not motivated and doesn’t know how to communicate and work with others
True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less.
Answers
Answer:
TrueExplanation:
An industry is considered to be global to the extent that its industry position in one country is dependent upon the industry position in other countries.a) trueb) false
Answers
Answer:
False.
Explanation:
False, Because a global company is the one that operates in different countries. It does not have to depend on the position of industry in other countries. If a company is operating in different countries then it is a global company. Moreover, in the case of a global company, the company sells its product in that country without changing its quality. For example, a global company selling soda in different countries. In this case, the company will not compensate for its product according to the culture of that country rather it will impose its business model.
where does McKenna grace live? Brainliest for the correct answer
Answers
Answer:
McKenna grace lives in Texas of America.