Which type of tax analytics provide insight creating a trend analysis for sales and use tax paid in different locations would help identify seasonal patterns or abnormal transaction volume that warrant further investigation?
Answers
Based on the information given, it can be inferred that the type of tax that is illustrated is known as the diagnostic analytics.
Diagnostic analytics simply means a form of advanced analytics that is vital for the examination of data in order to be able to answer the question "why did it happen?"
It should be noted that diagnostic analytics takes a deeper look at the datas in order to understand the causes of events and to help answer some workforce questions.
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Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 23,500 units of product to finished goods inventory. Its 5,400 units of beginning work in process consisted of $17,300 of direct materials and $329,940 of conversion costs. It has 3,600 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $497,600 of direct material costs and $2,519,100 of conversion costs were charged to production.
Prepare the journal entry dated May 31 to transfer the cost of completed units to finished goods inventory. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)
Answers
Answer:
May 31, 202x, 23,500 units completed and transferred out
Dr Finished goods inventory 2,984,500
Cr Work in process 2,984,500
Explanation:
beginning WIP 5,400 units
materials $17,300
conversion $329,940
ending WIP 3,600 units
materials 100% complete
conversion 80% complete (2,880 EU)
units completed and transferred out 23,500
units started and completed 18,100
costs added during the period
materials $497,600
conversion $2,519,100
total costs
materials $514,900
conversion $2,849,040
total EU
materials 18,100 + 5,400 + 3,600 = 27,100
conversion 18,100 + 5,400 + 2,880 = 26,380
cost per EU
materials $514,900 / 27,100 = $19
conversion $2,849,040 / 26,380 = $108
total = $127
costs assigned to finished units = $127 x 23,500 = $2,984,500
to include a charge for labor on an invoice, labor as a service item must be recorded in the:
Answers
To include a charge for labor on an invoice, labor as a service item must be recorded in the company's accounting system or software as a billable time or service item.
This will allow the company to track the time spent by employees or contractors on a specific project or job and bill the customer accordingly. To record labor as a billable time or service item, the company should create a new item in their accounting system or software, typically under the "Service" category. This item should include a description of the service, the hourly rate or flat fee charged for the service, and any relevant taxes or fees.
When employees or contractors perform labor on a project or job, they should track their time using a time-tracking system or software. This will allow the company to accurately bill the customer for the time spent on the project or job.
Once the project or job is completed, the company can generate an invoice that includes the labor charges, along with any other products or services provided. The invoice should clearly list the labor item, the number of hours or flat fee charged, and any applicable taxes or fees.
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Matt wants to start a bait shop from an heritance he received. What two strategies could Matt use to start his business?
A. common stock or retained earnings
B. long term goals or liquid assets
C. common stock or short term liabilities
D. short term liabilities or fixed assets
Answers
The two strategies that Matt could use to start his business would be D. short term liabilities or fixed assets .
What strategies would help Mark best ?Matt could use a combination of short-term liabilities and fixed assets to start his bait shop. Short-term liabilities, such as loans or credit lines, can provide the initial funding needed to purchase inventory, equipment, and supplies.
Fixed assets, such as a building or a storefront, can provide a permanent location for the bait shop and help establish a presence in the local community.
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When can a mixed economy develop?
Answers
A mixed economy can develop when a country experiences a combination of market-based mechanisms and government intervention in its economic activities.
It occurs when the government regulates certain aspects of the economy, such as taxation, trade, and labor laws, while leaving other aspects, such as consumer choice and private investment, to be determined by the market.
This type of economy balances the benefits of capitalism, such as competition and innovation, with the stability and social welfare provided by government intervention. It aims to create a more stable and equitable economy by ensuring that resources are distributed fairly, while still allowing for growth and prosperity.
In short, a mixed economy can develop when a country seeks to balance the benefits of a market-based system with the stability and social welfare provided by government intervention.
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How does free trade benefit businesses? For example, how does it encourage
investment?
Answers
Answer:
Liberating exchange decreases imported-input costs, consequently diminishing businesses creation costs and advancing financial development. Deregulation improves proficiency and advancement. The outcomes are higher wages, interest in such things as foundation, and a more unique economy that keeps on making new openings and openings.
Miguel was asked to improve his company's report format. Many employees and clients found the reports hard
so read. To increase readability, he used.
shorter lines
lots of white space
more special effects
columns
contrast
longer lines
boxes
Answers
In order to increase the readability, Miguel can use:
Shorter lines. Columns. Boxes. Improving readabilityMiguel can use shorter lines so that the chances of people getting lost when reading a sentence is reduced. He can also present the information in different columns for more organization.
Another way to organize the information can be in boxes. These can explain concepts away from the text so that the report is less cluttered.
In conclusion, there are several ways to increase readability.
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What is the answer for the following:
1. Your view as to the contractual basis for the Contractor's entitlement to additional time and/or payment, if any; (30 marks)
2. What extension of time, if any, you are awarding to the Contractor (30 marks)
3. What additional payment, if any, is due to the Contractor (30 marks)
4. Your view as to how the problem could have been minimised or avoided; (10 marks)
Answers
As per the contract agreement, both parties have agreed upon the timeline of completion of the project. This timeline of completion is a fundamental part of the agreement and is binding upon the contractor. In case of any delay due to factors such as weather, civil disturbances, or any other event that is beyond the control of the contractor, additional time may be granted.
The extension of time to the contractor will depend on the amount of time lost by the contractor due to reasons beyond their control. If the contractor can prove that the delay was beyond their control, then they are entitled to an extension of time that would compensate them for the time lost. This extension should not be so much that it would disrupt the overall completion of the project.
The additional payment to the contractor should be based on the expenses incurred by the contractor due to the delay. The contractor is not entitled to additional payment if they were responsible for the delay. If the delay was due to factors beyond the control of the contractor, then they should be compensated for the extra expenses incurred during this period.
The best way to minimize the problem is by addressing the issue in the contract. The contract should be comprehensive and include all the possible scenarios that may occur during the project. The contract should also include a clause that would provide the contractor with an extension of time and additional payment if the delay was due to reasons beyond their control. This would minimize any disputes and ensure that the project is completed on time.
In conclusion, the contractor is entitled to additional time and payment if the delay was due to factors beyond their control. The extension of time and additional payment should be based on the amount of time lost and expenses incurred by the contractor. The best way to minimize any problem is by addressing the issue in the contract, which would ensure that all parties are aware of their responsibilities.
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The dwarves operate in a monopoly industry. What are the 3 characteristics of this market structure? In addition, indicate if the structure is a price taker or price searcher.
Answers
When a single firm or a group of firms combines to gain control over the supply of any product, the seller here doesn't face any competition as he is the sole seller of that particular product ,this type of market structure is known as Monopoly market structure.
There are three characteristics of this market structure-
There is a single producer.There are no close substitutes or competition.Restrictions on the entry of any new firm with same product.This structure is considered as price searcher as it searches the market demand curve for maximizing profit price.
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3.5. In a public limited company, the losses are
borne by the
(A) staff
(B) directors
(C) community
(D) shareholders
Answers
Answer: D
Explanation: Had this test before
Answer:
d
Explanation:
]
all of the following are stages in the product life cycle except ________.
Answers
All are the stages in the product life cyle except Production because, It is the stage before the introduction stage, where the product is being manufactured or developed.
Product life cycle is a marketing theory which describes the period of time for which a product is being developed, marketed and sold. It comprises of various stages through which a product passes from its inception until its decline and eventual phase-out. It is important for the companies to understand and analyze each stage of the product life cycle to make crucial decisions about the marketing strategies and resource allocation.
The four stages of product life cycle are as follows:Introduction Stage Growth Stage Maturity Stage Decline Stage
Introduction Stage: This is the first stage of the product life cycle, where a new product is launched into the market. At this stage, the product has low sales volume and high marketing and advertising expenses.
Growth Stage: This is the second stage of the product life cycle where the product experiences rapid growth in terms of sales volume and revenue. The customers are now aware of the product and the brand, which results in an increase in demand.
Maturity Stage: This is the third stage of the product life cycle where the sales volume and revenue of the product begins to level off and competition starts to increase. The company starts to invest in differentiation and product improvements to stay ahead of the competition.
Decline Stage: This is the last stage of the product life cycle where the sales volume and revenue of the product begin to decline due to various factors such as obsolescence, technological advancements, change in consumer preferences and increased competition.Production is not a stage in the product life cycle.
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Identify the appropriate inventory model to obtain the optimal lot size for the given problem description: Rick Jones is chairman of this year’s Walk for Diabetes event. Each year, the organizers of the event typically have commemorative T-shirts available for purchase by the entrants in the walk. Rick needs to order the shirts well in advance of the actual event. Based on past walks, the organizers have determined that the demand for Tshirts is normally distributed with a mean of 100 and a standard deviation of 10. Rick plans to sell the T-shirts for $20 each. He pays his supplier $8 for each shirt and can sell any unsold shirts for rags at $2 each. Determine how many T-shirts Rick should order to maximize his expected profits
Answers
In this question, the T-shirts rick should order to maximize his expected profits is 104 in quantity. The appropriate inventory model would be single period.
What do you mean by the inventory model?Inventory models deal with the quantity of the order as well as the moment at which it should be placed. The issue at hand is how to make these choices as economically as possible while accounting for the price of acquiring the items, the price of keeping a unit on hand, and the price of shortages.
The accuracy that inventory management models provide is important. You may learn which products are selling and which are not, which ones you must have on hand, and the precise quantity needed.
Here,
Cu = 20 - 8 = 12,
Co = 8 - 2 = 6
Critical ratio = Cu/ (Cu + Co) = 12/ (12 + 6) = 0.6667
Z value corresponding to 0.667 = 0.4307
Order quantity = 100 + 10 × 0.4307 = 104
Therefore, in this question, the T-shirts rick should order to maximize his expected profits is 104 in quantity. The appropriate inventory model would be single period.
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In considering how to allocate its scarce resources among its various members, a household considers.
Answers
In considering how to allocate its scarce resources among its various members, a household considers option d) All of the above are correct.
What is Utility Maximization?Utility maximization is known to be a method that is often used in the cat of modeling rational decision making in regards to economics.
Note that Scarcity is a term that connote the fact that there are little resources than are said to be required to fill human wants and needs.
Note also that these resources can be said to be land, labor or capital resources and as such, In considering how to allocate its scarce resources among its various members, a household considers option d) All of the above are correct which are:
a) Each member's abilities
b) Each member's efforts
c) Each member's desires
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In considering how to allocate its scarce resources among its various members, a household considers:
a) Each member's abilities,
b) Each member's efforts,
c) Each member's desires,
d) All of the above are correct.
Is this counted in the GDP of a country ?The services of a mechanic in fixing the radiator on his own car.
Answers
Answer:
Yes this could be counted as GDP
Explanation:
_______ will help you maintain good credit.
Answers
Paying your Bills on Time will help you to maintain good credit.
Why do one need to Pay Bills on Time?The act if paying one's credit card bills and other forms of loans on time is very vital.
Mostly because late or missed payments could lead to a dip in one's credit score. If one is not totally concerned about missing a due date, it is better to have a form of automatic bill payment that can help one to stay on top of one's account payments.
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Answer: lowering your balances
Explain why discounting methods of investment appraisal are generally superiorto non-discounting methods
Answers
Discounting methods of investment appraisal are generally superior to non-discounting methods due to several reasons.
These reasons are highlighted below:
Time Value of Money: Discounting methods recognize the time value of money by assigning a greater value to present cash flows than future cash flows. This is due to the fact that money available in the present can be invested to generate future returns. Therefore, the value of cash flows received in the future is less than the value of cash flows received in the present. This means that discounting methods adjust the value of future cash flows to account for the time value of money.Risk: Discounting methods consider the risks associated with future cash flows by assigning a risk-adjusted discount rate to these cash flows. This means that cash flows that are perceived to be more risky are discounted at a higher rate than cash flows that are perceived to be less risky. Non-discounting methods do not take into account the risks associated with future cash flows.Opportunity Cost: Discounting methods recognize the opportunity cost of investing in a project. This is the cost of investing in one project instead of investing in another project that could generate higher returns.Discounting methods account for the opportunity cost of investing in a project by discounting future cash flows at a rate that reflects the returns that could be earned from alternative investments.
Non-discounting methods do not account for the opportunity cost of investing in a project. Therefore, discounting methods are generally superior to non-discounting methods of investment appraisal.
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A backward bending supply curve can occur:
Group of answer choices
if the amount of hours worked increases if wages rise.
if workers decide to increase the amount of hours worked if wages rise. This is due to the fact that some workers don't have a target level of income.
if workers decide to decrease the amount of hours worked if wages rise. This is due to the fact that some workers have a target level of income.
if workers decide to decrease the amount of leisure hours consumed. This is due to the fact that some workers have a target level of income.
Answers
A backward bending supply curve occurs when workers choose to work fewer hours as wages increase, despite the opportunity for higher earnings.
This phenomenon is explained by the fact that some workers have a target level of income, meaning they will only work a certain amount of hours regardless of the wage rate. As wages increase, these workers may choose to reduce their hours of work in order to maintain their desired level of income. Conversely, other workers may choose to increase their hours of work as wages rise, leading to a standard upward-sloping supply curve. The existence of a backward bending supply curve has important implications for labor markets and wage determination.
In this scenario, as wages increase, workers may choose to work fewer hours because they can achieve their desired income level in less time. As a result, the labor supply curve bends backward, reflecting a decrease in hours worked as wages rise. This concept is essential in understanding labor market dynamics and how individual preferences impact the relationship between wages and hours worked.
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If the police want to enter a home to find evidence, what must they request?
A. An affidavit of probable cause
O B. A search warrant
O
C. A witness' testimony
о D. A motion for arraignment
SUBM
Answers
Answer:
B. A search warrant
Explanation:
hope it helps
Leslie was feeling overwhelmed by her four kids, ages four, six, eight, and ten, and told them to play outside for a while. the kids decided to go next door and dig up all of mrs. timmons plants next door. leslie can be held liable for _____.
Answers
Leslie can be held liable for failure to supervise her children.
A supervisor, or lead, is the interest name of a lower-level control role that is primarily based on authority over people or a place of job. A manager also can be one of the maximum senior in the body of people on the place of business, inclusive of a professor who oversees a PhD dissertation.
Supervision desires to provide duty for every the manager and supervisee exploring exercise and overall performance. It additionally enhances and gives additional evidence for annual overall performance manipulate and assessment.
it's far teaching, guiding and staring at the subordinates at artwork to ensure that they're running as in step with the plans. The goal of supervision is to make sure that subordinates paintings efficiently and successfully to perform the organisational goals.
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What are the three ways the argument section of a cover letter can be formatted
Answers
who benefits form medicare taxes?
Answers
Answer: The Medicare tax rate is 1.45% of an employee's gross income. The Medicare tax, which is a charge on both employers and employees, is paid by both.
Someone in the 15 percent tax bracket can earn 10 percent annually on his investments in a tax-exempt IRA account. What will be the value of a $16,000 investment in 5 years? 10 years? 20 years? You may use Appendix C to answer the questions. Do not round intermediate calculations. Round your answers to the nearest dollar.
Answers
Answer:
A. $60,653
B. $98,313
C. $136,217
Explanation:
The formula that is used for calculating the annuity value is as under:
Annuity Value in "n" years = Present Value * (1 - (1 + r)^-n) / r
For 5 years:
Annuity Value in "5" years = $16,000 * (1 - (1 + 10%)^-5) / 10%
= $60,653
For 10 years:
Annuity Value in "10" years = $16,000 * (1 - (1 + 10%)^-10) / 10%
= $98,313
For 20 years:
Annuity Value in "20" years = $16,000 * (1 - (1 + 10%)^-5) / 10%
= $136,217
Adrian is an investor. He reviews the income statement of a company and concludes that he will benefit from investing in it. What is the information that is provided in the income statement that most likely helped him make this decision?
A.
income statement showed the debts the company owes
B.
income statement showed the net profit of the company for a specific period
C.
income statement showed the assets of the company
D.
income statement showed the equity capital of the company
Answers
Answer:
B. income statement showed the net profit of the company for a specific period
Explanation:
The management prepares an income statement at the end of a financial year to show whether a business made a profit or loss. It lists all the revenue in the top section, the expenses in the middle, and profit or loss at the bottom.
The income statement communicates how much profits a business made during a specific financial period. Adrian was impressed by the profits that the company made that period.
Marginal factor cost (MFC) is
A. the additional cost generated by producing an additional unit of output.
B. the additional revenue generated by employing an additional factor unit.
C. the additional cost generated by employing an additional factor unit.
D. total cost from the production of a product divided by the total number of factor units used.
Answers
Answer:
c
Explanation:
Marginal factor cost (MFC) is the change in total cost as a result of employing one more unit of a factor of production.
Marginal factor cost is determined by dividing the change in total cost by the change in factor of production.
Imagine that total cost is 100 when there are 2 units of labour employed. total cost increases to 200 when 3 units of labour are employed.
the marginal factor cost = \(\frac{200 - 100}{3 - 2}\) = 100
Marginal cost is the additional cost generated by producing an additional unit of output.
Marginal factor revenue is the additional revenue generated by employing an additional factor unit.
Average factor cost is total cost from the production of a product divided by the total number of factor units used.
in this country, enter your response here million people are unemployed, and the unemployment rate is enter your response here%. (round your responses to one decimal place.) part 2 the labor force participation rate is enter your response here%. (round your answer to the nearest percent.) . . . question content area right part 1
Answers
To calculate the number of unemployed people, you need to know the total population of the country and the labor force participation rate. Let's say the total population is 100 million and the labor force participation rate is 60%.
Step 1: Calculate the labor force:
Labor force = Total population * Labor force participation rate
Labor force = 100 million * 60% = 60 million
Step 2: Calculate the number of unemployed people:
Unemployed = Labor force * Unemployment rate
Unemployed = 60 million * Unemployment rate
Given that is the unemployment rate, we can substitute this value into the equation:
Unemployed = 60 million * [enter your response here]% Let's assume the unemployment rate is 5%. Substituting this value into the equation: Unemployed = 60 million * 5% = 3 million Therefore, in this country, 3 million people are unemployed. Moving on to part 2, the labor force participation rate is . In the example above, the labor force participation rate was 60%.
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In the context of management skills, _____ refer to the ability of managers to grasp a big-picture view of the overall organization and the relationship between its various parts.
Answers
In the context of management skills, Conceptual skills serves as one that gives the manager the capability to grasp a big-picture view of the overall organization.
Conceptual skills can be regarded as one that gives the leader, manager the abilities so that they can have better understand complex scenarios as well as develop creative solutions.
This gives the capability to know the relationship between its various parts.
Therefore, In the context of management skills, Conceptual skills helps the manager to have big picture as regards the organization.
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uppose peru decides to increase its production of emeralds by 2. what is the opportunity cost of this decision? a. 40 rubies b. 60 rubies c. 30 rubies d. 120 rubies
Answers
The opportunity cost of increasing emerald production by 2 units is the value of the best alternative foregone. Without additional information, we cannot determine the opportunity cost accurately.
However, if we assume that the production of emeralds and rubies requires similar resources and that Peru was previously producing emeralds and rubies in equal proportions, then the opportunity cost of increasing emerald production by 2 units would be 60 rubies (since the production of each emerald costs 30 rubies). Therefore, the answer is (b) 60 rubies.
It's important to note that opportunity cost varies depending on the specific circumstances, and without additional information, it's impossible to determine the opportunity cost accurately.
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In what circumstance would a property insurance claim be rejected?
Answers
• The cause of property damage falls under an exclusion condition in your policy.
•You haven’t been paying your insurance premiums.
• The damage isn’t sufficiently documented
•The insurance adjuster finds anything suspicious or false in the claim.
•You didn’t take precautions to prevent further damage after the initial loss.
does bank accounts last forever?
Answers
Answer:no they don’t
Explanation:
they will become dormant after 24 months
Which loan or loans listed below are awarded based on the financial need of the student?
Answers
Answer:
B) 1 and 2. I just took the quiz
Explanation:
Answer:
f me
Explanation:
With the help of the diagrams, explain the possible channels of distribution from a manufacturer to a customer
Answers
Distribution channels refer to the various channels through which products can reach consumers. Distribution channels can be direct or indirect, but they all serve the same function of transporting products from the manufacturer to the end-user. Here are some possible channels of distribution from a manufacturer to a customer:
1. Direct Distribution Channel: This channel is when a manufacturer sells directly to customers without using intermediaries. It is the simplest distribution channel and involves the shortest chain of distribution.
2. Indirect Distribution Channel: In an indirect distribution channel, intermediaries are involved in getting the manufacturer’s products to customers.
3. Dual Distribution Channel: In this channel, a manufacturer will sell their products through direct and indirect channels simultaneously. This channel offers a manufacturer the best of both worlds, reaching more customers through intermediaries and getting more control through direct sales.
4. Reverse Distribution Channel Reverse distribution is the process of moving goods from the end-user back to the manufacturer or distributor.
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