Answers
VisionSpring can be classified as a hybrid model of social entrepreneurship since it is devoted to the problem of poor eyesight in the developing world which is a social issue.
It should be noted that social entrepreneurship mixes economic logic with social logic.
Hybrid organizations are the enterprises that design the business models in order to alleviate a particular environmental or social issue. Since VisionSpring is devoted to the problem of poor eyesight in the developing world, it's a hybrid organization.
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Timmy Tappan is single and had $204,000 in taxable income. Using the rates from Table
2.3 in the chapter, calculate his income taxes.
a. What is the average tax rate? (Do not round intermediate calculations and enter
your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
b. What is the marginal tax rate? (Do not round intermediate calculations and enter
your answer as a percent rounded to the nearest whole number, e.g., 32.)
Answers
Jimmy's Average Tax Liability is $26.96%. See the computation below.
What is the justification for the above result?Average Tax Liability = Total Tax Liability/Taxable Income.
= $41,495.50/$189,000
=21.96%
See the attached image.
What is the marginal tax rate?Marginal tax rate refers to the additional tax paid on the additional income.
Hence, Timmy's Marginal Tax rate on additional Income is 32%
See the attached image for more information.
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The transport layer adds IP addresses to data. True False
Answers
Answer:
I am sure that it's true
Answer:
false
Explanation:
i just did this lesson and guessed true it was wrong
so your corrects answer is FALSE!!!
Double declining balance
Answers
The double-declining balance method is an effective way to depreciate assets in the early years of their useful life and reduce the balance of the asset more quickly than the straight-line method. This helps companies to account for the asset's cost more accurately over time and to recognize its diminishing value as it ages.
Double-declining balance method is a method of depreciation that is an accelerated method.
The depreciation rate is twice as much as the straight-line method's depreciation rate.
This method begins with an asset's value at the beginning of its use and then decreases at a constant rate throughout its useful life until it reaches the asset's salvage value.
This depreciation method is most commonly used for assets that depreciate quickly at the beginning of their useful life and then slowly depreciate over time until they are scrapped or sold.
Assets such as computers, vehicles, and machinery are common examples of assets that use this method of depreciation.
Double-declining balance method can be calculated using the following formula:Annual depreciation = (2 / useful life in years) * book value at the beginning of the yearOrDepreciation rate = 2 / useful life in years.
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Which of the following is something that companies are likely to engage in
with famous, well-publicized sports teams?
A. Direct marketing
B. Customer frequency programs
c. Merchandising
D. Sponsorship
SUBMIT
Answers
Faith Bonds sells furniture and earns nine percent commission on her total sales. Last month she had $33,500 in sales. How much did she earn? *
Answers
Answer:
3015
Explanation:
33500*.09=3015
Answer: 2,865
Explanation: To get this answer you would have to divided 33,500 and 9%
Computer Wholesalers restores and resells notebook computers. It originally acquires the notebook computers from corporations upgrading their computer systems, and it backs each notebook it sells with a 90-day warranty against defects. Based on previous experience, Computer Wholesalers expects warranty costs to be approximately 4% of sales. Sales for the month of December are $400,000. Actual warranty expenditures in January of the following year were $13,000. Required: 1. Does this situation represent a contingent liability? Why or why not?2. Record warranty expenditures and warranty liability for the month of December based on 6% of sales.3. Record the payment of the actual warranty expenditures of $13,000 in January of the following year. 4. What is the balance in the Warranty Liability account after the entries in Requirements 2 and 3?
Answers
Answer:
1. Yes, because it is probable and can be reasonably estimated.
2. Debit Warranty Expense for $24,000; and Credit Warranty Liability for $24,000.
3. Debit Warranty Liability for $13,000; and Credit Cash for $13,000.
4. Balance in the Warranty Liability account = $11,000
Explanation:
1. Does this situation represent a contingent liability? Why or why not?
Yes, this situation represent a contingent liability.
This is because a contingent liability can be described as a liability that is probable with an amount that can be reasonably estimated.
2. Record warranty expenditures and warranty liability for the month of December based on 6% of sales.
Warranty expense = Sales for the month of December * Expected warranty costs as a percentage of sales = $400,000 * 6% = $24,000
Therefore, the journal entries will look as follows:
Date General Journal Debit ($) Credit ($)
Dec. Year 1 Warranty Expense 24,000
Warranty Liability 24,000
(To record warranty expenditures and liability.)
3. Record the payment of the actual warranty expenditures of $13,000 in January of the following year.
The journal entries will look as follows:
Date General Journal Debit ($) Credit ($)
Jan. Year 2 Warranty Liability 13,000
Cash 13,000
(To record actual warranty expenditures.)
4. What is the balance in the Warranty Liability account after the entries in Requirements 2 and 3?
Balance in the Warranty Liability account = Warranty Liability - Cash paid = $24,000 - $13,000 = $11,000
The United States financial system is attractive to international investors because _____.
(Select all that apply.)
1. the Federal Reserve oversees the system
2. the FDIC insurance bank deposits
3. risk is not high
4. it is a stable system
Answers
Answer:
1. the Federal Reserve oversees the system
2. the FDIC insurance bank deposits
4. it is a stable system
Explanation:
The United States financial system is attractive to international investors because the Federal Reserve oversees the system, the FDIC insurance bank deposits and it is a stable system.
Sena is going to apply for a loan at a bank. What should sena know about banks and credit before she applies? OA Banks don't offer consumer credit. OB. They may require some form of security for loans OC Banks only offer open end credit, OD. She must be a member of the bank to apply
Answers
Sena should know about banks and credit before she apply that :They may require some form of security for loans.
What are bank loans?The loans granted by banks are made up of deposits from their customers hence must request for collateral as a back up for these deposits.
When people seek loan from banks, usually banks will require some form of security for the loans. These securities serve as collateral incase the borrower is unable to pay back the loan.
Banks request for collateral to do following :
Collateral minimizes the risk for lenders.If a borrower defaults on the loan, the lender can seize the collateral and sell it to recoup its losses.Therefore, Sena should know that bank may require some form of security for loans before she apply for loan.
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1.) Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply.
The costs of overfishing and other overly intensive uses of resources
Expenditures on federal highways
The variety of goods available to consumers
The value produced by doing your own laundry
Answers
GDP is calculated for the United States using either income or spending data. Both (A) and (C) are accurate due to the costs associated with overfishing and other excessively intense resource usage, as well as the range of commodities offered to customers.
What is meant by GDP?Privacy law is generally the corpus of law that deals with the regulation, storage, and use of data, "without double counting the intermediate commodities and services used up to make them."
The gross domestic product (GDP) is a monetary indicator of the market worth of all the finished products and services that a country or countries produce and sell in a specific time period.
The GDP is typically used by a country's government to determine the health of its economy. Due to its arbitrary and difficult nature, this measurement is frequently altered before being accepted as a trustworthy indicator.
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1. Describe an example from your past where you have been effective in inspiring other
leaders around a common purpose and shared values.
2. How effective are you today at empowering other people to step up and lead? How do
you go about doing this? What are you doing to improve your effectiveness?
3. Recall a situation in which you faced a conflict between empowering other people and
reaching your performance goals.
a. How did you resolve the conflict?
b. Did you give preference to reaching your goals or to your relationship?
c. Would you act differently in the future when facing a conflict between
relationships and performance?
Answers
Answer:
One effective way to inspire other leaders around a common purpose and shared values is to lead by example. I demonstrate a commitment to the values and purpose that are important to the team. Furthermore, I consistently take actions that align with those values and purpose. These steps can inspire others to do the same. Additionally, I create opportunities for open and honest communication, collaboration, and shared decision-making. These measures can help build trust and empower other leaders to promote the team's success.Empowering others to step up and lead can involve creating opportunities for skill-building and growth, providing guidance and support, and giving people the autonomy to make decisions and own their work. To improve effectiveness, I seek feedback from others. I also informed about best practices and emerging trends in leadership. Lastly, I continuously work on developing communication, coaching, and mentoring skills.Get instant answers, essays, and research papers through proffrank01 at g m ail.con. This helps you score maximum points without straining too much.
3. When facing a conflict between empowering other people and reaching performance goals, I considered the long-term impact of each decision. I prioritized relationships and empowered others to better outcomes in the long run. This required a short-term sacrifice to reach immediate performance goals. I communicated openly and honestly with the team about the situation and worked collaboratively to find a solution that aligns with both performance goals and relationship-building. In the future, I could reflect on the situation and consider how to approach similar conflicts in a more proactive manner.
Explanation:
What internal dimensions of the company were part of the problems that
occurred?
Answers
Foxy Investigative Services is an investigative services firm that is owned and operated by Shirley Vickers. On November 30, 20Y8, the end of the fiscal year, the accountant for Foxy Investigative Services prepared an end-of-period spreadsheet, a part of which follows:
Foxy Investigative Services
End-of-Period Spreadsheet
For the Year Ended November 30, 20Y8
~ Adjusted Trial Balance
Account Title ~ Dr. Cr.
~
Cash ~ 22,000
Accounts Receivable ~ 68,400
Supplies ~ 4,400
Prepaid Insurance ~ 2,500
Building ~ 433,500
Accumulated Depreciation-Building ~ 42,800
Accounts Payable ~ 11,400
Salaries Payable ~ 4,000
Unearned Rent ~ 2,000
Common Stock ~ 80,000
Retained Earnings ~ 293,400
Dividends ~ 11,700
Service Fees ~ 707,300
Rent Revenue ~ 11,700
Salaries Expense ~ 525,900
Rent Expense ~ 46,800
Supplies Expense ~ 11,000
Depreciation Expense-Building 7,600
Utilities Expense ~ 7,600
Repairs Expense ~ 3,000
Insurance Expense ~ 2,000
Miscellaneous Expense ~6,200
~ 1,152,600 1,152,600
Required:
1.
A. Prepare an income statement for the year ended November 30, 20Y8. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons (:) on the income statement. Refer to the Chart of Accounts for exact wording of account titles.
B. Prepare a statement of stockholders’ equity for the year ended November 30, 20Y8. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the Chart of Accounts for exact wording of account titles. Refer to the lists of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names.
C. Prepare a balance sheet as of November 30, 20Y8. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. You will not need to enter colons (:) or the word "Less" on the balance sheet; they will automatically insert where necessary. Refer to the Chart of Accounts for exact wording of account titles. Refer to the lists of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
2. Based upon the end-of-period spreadsheet, journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles.
3. If Retained Earnings had instead decreased $33,000 after the closing entries were posted, and the dividends remained the same, what would have been the amount of net income or net loss? If required, use a minus sign to indicate a net loss.
CHART OF ACCOUNTS
Foxy Investigative Services
General Ledger
ASSETS
11 Cash
12 Accounts Receivable
13 Supplies
14 Prepaid Insurance
17 Building
18 Accumulated Depreciation-Building
LIABILITIES
21 Accounts Payable
22 Salaries Payable
23 Unearned Rent
EQUITY
31 Common Stock
32 Retained Earnings
33 Dividends
REVENUE
41 Service Fees
42 Rent Revenue
EXPENSES
51 Salaries Expense
52 Rent Expense
53 Supplies Expense
54 Depreciation Expense-Building
55 Utilities Expense
56 Repairs Expense
57 Insurance Expense
59 Miscellaneous Expense
Labels
Current assets
Current liabilities
Expenses
For the Year Ended November 30, 20Y8
November 30, 20Y8
Property, plant, and equipment
Revenues
Amount Descriptions
Balances, December 1, 20Y7
Balances, November 30, 20Y8
Dividends
Net income
Net loss
Total assets
Total current assets
Total expenses
Total liabilities
Total liabilities and stockholders’ equity
Total property, plant, and equipment
Total revenues
Total stockholders’ equity
Answers
Answer:
Foxy Investigative Services
1. Foxy Investigative Services
A. Income Statement
For the Year Ended November 30, 20Y8
REVENUE
41 Service Fees $707,300
42 Rent Revenue 11,700
Total revenues $719,000
EXPENSES
51 Salaries Expense $525,900
52 Rent Expense 46,800
53 Supplies Expense 11,000
54 Depreciation Expense-Building 7,600
55 Utilities Expense 7,600
56 Repairs Expense 3,000
57 Insurance Expense 2,000
59 Miscellaneous Expense 6,200
Total expenses $610,100
Net income $ 108,900
32 Retained Earnings 293,400
33 Dividends 11,700
Balance, November 30, 20Y8 $390,600
Foxy Investigative Services
B. Statement of Shareholders' Equity
November 30, 20Y8
31 Common Stock $80,000
Net income 108,900
32 Retained Earnings 293,400
33 Dividends -11,700
Balance, November 30, 20Y8 $390,600
Total stockholders' equity $470,600
Foxy Investigative Services
C. Balance Sheet
November 30, 20Y8
ASSETS
Current assets
11 Cash $22,000
12 Accounts Receivable 68,400
13 Supplies 4,400
14 Prepaid Insurance 2,500
Total current assets $97,300
Property, plant, and equipment
17 Building 433,500
18 Accumulated Depreciation -42,800
Total property, plant, and equipment $390,700
Total assets $488,000
LIABILITIES
Current liabilities
21 Accounts Payable 11,400
22 Salaries Payable 4,000
23 Unearned Rent 2,000
Total liabilities $17,400
EQUITY
31 Common Stock 80,000
32 Retained Earnings 390,600
Total stockholders' equity $470,600
Total liabilities and stockholders' equity $488,000
2. Closing Journal Entries:
Account Title Dr. Cr.
Income Summary 11,700
Dividends 11,700
To close dividends to the income summary (Retained Earnings)
Account Title Dr. Cr.
Service Fees 707,300
Rent Revenue 11,700
Income Summary 719,000
To close revenues to the income summary.
Account Title Dr. Cr.
Income Summary $610,100
Salaries Expense $525,900
Rent Expense 46,800
Supplies Expense 11,000
Depreciation Expense-Building 7,600
Utilities Expense 7,600
Repairs Expense 3,000
Insurance Expense 2,000
Miscellaneous Expense 6,200
To close the expenses to the income summary.
3. Net Income would have remained $ 108,900. Retained Earnings, beginning balance would have been reduced by $33,000.
Explanation:
a) Data and Calculations:
Foxy Investigative Services
End-of-Period Spreadsheet
For the Year Ended November 30, 20Y8
Adjusted Trial Balance
Account Title Dr. Cr.
Cash 22,000
Accounts Receivable 68,400
Supplies 4,400
Prepaid Insurance 2,500
Building 433,500
Accumulated Depreciation-Building 42,800
Accounts Payable 11,400
Salaries Payable 4,000
Unearned Rent 2,000
Common Stock 80,000
Retained Earnings 293,400
Dividends 11,700
Service Fees 707,300
Rent Revenue 11,700
Salaries Expense 525,900
Rent Expense 46,800
Supplies Expense 11,000
Depreciation Expense-Building 7,600
Utilities Expense 7,600
Repairs Expense 3,000
Insurance Expense 2,000
Miscellaneous Expense 6,200
Totals 1,152,600 1,152,600
A firm operates in perfectly competitive market. The market price of its product is 6 birr and the cost function is given by 1/3Q3-5Q2+20Q+50, where TC is total cost and Q is the level of output. A. What level of output firm should the firm produce to maximize its profit? B. Determine the level of profit at equilibrium C. What a minimum price is required by the firm to stay in the market?
Answers
To maximize profit in a perfectly competitive market, the firm should produce at the output level where marginal cost (MC) equals the market price (P).
The total cost (TC) function is given as:
TC = 1/3Q^3 - 5Q^2 + 20Q + 50
To find the marginal cost, we need to take the derivative of the total cost function with respect to Q:
MC = dTC/dQ = Q^2 - 10Q + 20
A. To maximize profit, set MC equal to the market price (P) and solve for Q:
Q^2 - 10Q + 20 = 6
Q^2 - 10Q + 14 = 0
Solving this quadratic equation will give us the level of output (Q) that maximizes profit. Using the quadratic formula, we find:
Q ≈ 2.34 or Q ≈ 7.66
Since Q represents the level of output, it cannot be a fraction or negative value in this context. Therefore, the firm should produce approximately 7 units of output to maximize profit.
B. To determine the level of profit at equilibrium, we need to calculate total revenue (TR) and subtract total cost (TC) at the output level where MC = P.
TR = P * Q
TR = 6 * 7 = 42
Profit (π) = TR - TC
Profit (π) = 42 - TC
To calculate the specific level of profit, we need the total cost equation. Substituting the value of Q into the TC equation, we can find the total cost at equilibrium.
C. To determine the minimum price required by the firm to stay in the market, we need to consider the level of average variable cost (AVC). If the price falls below AVC, the firm would be better off shutting down in the short run.
AVC = TVC / Q
AVC = (TC - TFC) / Q
However, the total fixed cost (TFC) is not provided in the given information. Without the TFC value, we cannot determine the minimum price required to stay in the market.
Therefore, we can answer parts A and B, but we cannot determine the minimum price required to stay in the market without the total fixed cost (TFC) information.
What is the name given to the study of how wealth is created and distributed?
O Marketing
O Economics
O Finance
O Capitalism
Answers
Answer:
What is the name given to the study of how wealth is created and distributed?
O Marketing
O Economics
O Finance
O Capitalism
The company has a bank loan and has incurred (but not recorded) interest expense of $3,500 for the year ended December 31, 2018. The company must pay the interest on January 2, 2019.
Answers
Answer:
The journal entry to record accrued interests:
December 31, 2018, accrued interests on bank loan
Dr Interest expense 3,500
Cr Interest payable 3,500
The journal entry to record the interest payment:
January 2, 2019, accrued interests paid
Dr Interest payable 3,500
Cr Cash 3,500
One way that marketing mix characteristics differ for organizational buying compared to consumer buying is that for organization buying
advertising is often technical in nature.
promotions of all kinds are avoided.
price is firmly quoted and attempts at negotiation are considered bad form.
distribution is of negligible importance.
product quality is assumed among sellers and is rarely a buying criteria.
Answers
One way that marketing mix characteristics differ for organizational buying compared to consumer buying is that for organization buying, advertising is often technical in nature is advertising is often technical in nature. Option (A) is correct.
What is a Marketing mix?The marketing mix classifies the set of actions, or tactics, which is used by a company to promote its brand or product in the market. The 7Ps of the marketing mix are product, pricing, place, promotion, physical evidence, people, and processes.
Consumers purchase many commodities to use to satisfy their needs. Organizational buyers buy limited goods to use to conduct business. Unlike the consumer buying process, organizational buying involves decision-making by a group of people and enforcing rules for making decisions.
Therefore, Option (A) is correct.
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Boxwood Company sells blankets for $30 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost May 03 Purchase 6 $14 10 Sale 4 17 Purchase 12 $16 20 Sale 4 23 Sale 3 30 Purchase 12 $18 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method.
Answers
Answer:
The ending inventory for the month of May using the LIFO inventory cost method is $324.
Explanation:
LIFO
LIFO method assumes that the last goods purchased are the first ones to be issued to the final customer.
This means valuation of inventory will use the value of the earliest goods purchased.
Ending Inventory : 2 units × $14 = $28
5 units × $16 = $80
12 units × $18 = $216
Total = $324
Conclusion :
The ending inventory for the month of May using the LIFO inventory cost method is $324.
NEED HELP ASAP
In the circular flow diagram with government, what does the government provide directly to firms?
A. expenditures
B. factors of production
C. taxes
D. goods and services
Answers
In the circular flow diagram, the government provides goods and services directly to firms. The correct option is D.
In the circular flow diagram, the government provides goods and services directly to firms. This is represented by the flow of resources from the government sector to the business sector.
The government plays a significant role in the economy by providing public goods and services that are necessary for the functioning of the society as a whole.
Public goods include infrastructure projects like roads, bridges, and public utilities, as well as services such as defense, law enforcement, and education.
These goods and services are not typically provided by private firms, so the government steps in to ensure their provision.
By supplying goods and services directly to firms, the government facilitates the production process and supports the overall functioning of the economy.
This enables businesses to operate efficiently and effectively, contributing to economic growth and development.
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The following data was collected from the manufacturing of an auto component. It represents the diameter (in mm) of that component. What is the LCL for a control chart using this data (z=3)?Sample Obs 1 Obs 2 Obs 3 Obs 41 10 12 12 142 12 11 13 163 11 13 14 144 11 10 7 85 13 12 14 13
Answers
Answer:
9.37
Explanation:
The computation of LCL for a control chart is shown below:-
Sample Obs 1 Obs 2 Obs 3 Obs 4 Mean observation Range
1 10 12 12 14 12 4
2 12 11 13 16 13 5
3 11 13 14 14 13 3
4 11 10 7 8 9 4
5 13 12 14 13 13 2
For computing the mean observation and range we will use the below formulas
Mean observation = ( Obs 1 + Obs 2 + Obs 3 + Obs 4) ÷ 4
Range = Highest value - Lowest value
\(LCL = \bar{\bar{X}} - A2 \bar{R}\)
\(\bar X\) = ( 12 + 13 + 13 + 9 + 13 ) ÷ 5
= 12
\(\bar R\) = ( 4 + 5 + 3 + 4 + 2 ) ÷ 5
= 3.6
Since we found the value of A2 with the help of constants table for control charts for a 4 subgroup size.
A2 = 0.729
\(LCL = \bar{\bar{X}} - A2 \bar{R}\)
12 - 0.729 × 3.6
= 9.37
a US company owns 80% of interest in a company located on Mars. Martian currency is called The Martian credit during the year the parent company sold inventory that had a cost of 24500 to the subsidiary on account for 28,500 when the exchange was 0.519 to the subsidiary still held one half of the inventory and had not paid the parent company for purchase at the end of the physical year. The unsettled account is denominated in dollars the exchange rate at the fiscal year and was 0.4994 compute the amounts that would be reported for inventory and accounts payable in the subsidiary translated balance sheet the entities functional currency is the Martian credit
Answers
The amounts reported for inventory and accounts payable on the subsidiary translated balance sheet are 18,619 Martian credits and 14,217 Martian credits, respectively.
A US-based company that has an 80% stake in a Martian company has to report the assets, liabilities, and equity of its subsidiary on its consolidated financial statements in US dollars. The Martian currency is known as the Martian credit. During the year, the parent company sold inventory with a cost of 24500 to the subsidiary on account for 28,500 when the exchange rate was 0.519 to the subsidiary.
One-half of the inventory still belongs to the subsidiary, and at the end of the physical year, the subsidiary had not paid for the purchase.The account that remained unpaid is denominated in dollars, and the exchange rate was 0.4994 at the end of the fiscal year.
The functional currency of the company is Martian credit, and the dollar amount of the balance sheet needs to be translated into the Martian currency. In order to calculate the inventory and accounts payable, we will use the current rate method. The first step in the calculation is to find the closing rate of the Martian credit to the US dollar.Exchange rate at the fiscal year-end: $1 = 0.4994
Martian creditThe amount reported for inventory on the subsidiary translated balance sheet can be calculated as follows:
Beginning inventory: 12,250 (since the subsidiary still holds one half of the inventory)
Cost of inventory sold to the subsidiary: 24,500
Closing rate of the Martian credit to the US dollar: 0.4994
Martian credit reported inventory = (12,250 + 24,500) × 0.4994 = 18,619
Martian credits The amount reported for accounts payable on the subsidiary translated balance sheet can be calculated as follows:
Beginning accounts payable: 0Amount owed to parent company: 28,500
Closing rate of the Martian credit to the US dollar: 0.4994
Martian credit reported accounts payable = (0 + 28,500) × 0.4994 = 14,217 Martian credits
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From the following information prepare Manufacturing, Trading and Profit and Loss account for the year ended 31/12/2012. Show clearly the Prime Cost, Factory Cost of completed Production and Cost of Sales.
GH¢
Stock of raw materials- 1,1/12 25,000
Work in progress 1/1/12 16,000
Stock of finished goods 39,000
Purchases of raw materials 48,000
Carriage inwards 3,700
Carriage outwards 5,000
Direct wages (manufacturing) 25,000
Admin. Salaries 12,500
Hire of special machine for production 5,200
Warehouse expenses 2,300
Supervisor’s wages 6,800
Royalties payable 7,500
Factory electricity 1,600
Heat and light 9,200
Returns outwards 7,600
Bad debts 750
Discount allowed 240
Depreciation on Plant 1,750
Plant – Cost 6,600
Transportation 2,000
Delivery van expenses 850
Rent and rates (factory3/4 office ¼) 1,900
Salesman’s commission 3,000
Profit on the sale of scrap 400
10% Loan 15,000
Bank charges 750
Insurance on plant 1,980
Advertising 5,400
Repairs to plant 10,600
Sales
Stock of raw materials at 31/12/12 13,500
Work in progress at factory cost 15,800
Finished goods 24,700
Answers
Which is these is true about trusts?
OA. They have less tax liability.
OB. They have multiple beneficiaries.
C. They require power of attorney.
OD. They have more tax liability.
Answers
Answer: The answer is They have more tax liability.
Explanation:Trust is a fiduciary relationship.In this, a first party gives the right to assets or the right to hold the title to a second party for the benefit of a third party.The first party is called the Grantor.The second party is called as the Trustee.The third party is called as the Beneficiary.As the trust is a seperate legal and taxable entity, the tax payment of the trusts depend upon whether it is a simple trust,complex trust or a grantor trust.The tax brackets of trusts are more compressed.So, the trusts pay more taxes than individual taxpayers.
8. A random student taking an analytics midterm has a 10% probability (or 0.10) of passing the exam. You, having actually attended the analytics classes, have a probability of 90% (or 0.90) of passing your analytics midterm. Of all students who pass the analytics midterm, 25% (or 0.25) receive an A. Assuming you pass your midterm, what is the probability you will receive an A?
Answers
The probability of successfully completing the makeup exam decreases to 0.20.
What is the formula for probability?In most cases, the probability is the ratio of the total number of outcomes in that sample space to the number of favorable outcomes. Probability of an event is expressed as P(E) = (Number of favorable outcomes) (Sample space). Simply put, probability is the likelihood of something occurring. We can discuss the probabilities—how likely certain outcomes are—when we are uncertain about an event's outcome. Statistics is the scientific study of probabilistic events. A number that indicates how likely an event is to occur is known as the probability of the event in science. It is expressed as a number between 0 and 1 or as a percentage using percentage notation between 0% and 100%. The higher the probability, the more likely the event is to occur. It is impossible for an event to occur; the probability of an event occurring is 1.
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Jake discovers that no flood insurance rate map (FIRM) is available in Lower Riverton, where he has just purchased a home. However, he can obtain a flood hazard boundary map (FHBM) that
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If Jake issued flood insurance on real estate situated in flood areas, an ideal insurable risk may have been violated as the loss should not be catastrophic.
What is flood insurance?Flood insurance provides coverage for losses caused directly by flooding. Any buildup of water on typically dry terrain that impacts at least two acres of land or two or more properties is known as a flood.
For instance, the harm caused by a sewage backlog that resulted directly from flooding would be paid.
Thus, If Jake issued flood insurance on real estate situated in flood areas.
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I need help on creating my resume. I’m a high schooler currently in the 11th grade. I haven’t won any awards here at my high school, but I have won awards in the past like in middle school and elementary school. Can I include some of them on to my resume? Please help!!
Awards that I have won are mvp (middle school) leadership (elementary)
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To create an effective resume, you must explain your educational and professional experiences. If you are still a student looking for your first professional opportunity, a good way to attract the attention of recruiters is to include your awards won in the educational environment on your resume.
How to create a good resume?Some tips can be important for you to create an attractive resume. It's always good to align your experiences with the area you want to compete in, that is, include courses, extra curricular experiences and awards that have to do with the field of work that interests you. Other important tips are:
Keep your CV objective and conciseReview your personal dataHighlight your personal achievementsBe honest about the information providedInclude your volunteer workTherefore, for a student to create an effective curriculum, the inclusion of awards and achievements from student life will attract the attention of the recruiter by showing interest, dedication and perspectives of the candidate, being a great opportunity to win a job.
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Where should a user store frequently used icons on a computer?
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Answer: they should be loaded on the tool bar
Explanation:
for quick and easy access
Step 2: Writing Report
Explain the value of using data analysis.
Explain the risks of not using data visualization.
The report should explain the data that you have analyzed throughout the course.
Step 3: Lessons Learned
Identify some key points that you found about data analytics in this course and add a slide for lessons learned at the end of your presentation on what you learned this session.
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The value that can be gotten from Data analytics is that it can aid companies to have broad knowledge of market segments, and can help to increase their market share as well as revenue growth.
The risks of not using data visualization is that the company may not be be able to to maintain the audience's interest with information.
What is the importance of Data analytics?For example, data analytics can help businesses find underdeveloped market areas, anticipate client wants, and improve their product offers. Businesses that use data analytics to acquire a competitive edge can grow their market share, accelerate revenue growth, and strengthen their brand.
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Hello, I need help with a problem please, and thank you.
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a. Using equation method,Break-Even Point is 13,249 units
b. Using contribution margin per unit approach,Break-Even Point is 13,249 units.
What is method ?A method is a set of instructions that are used to achieve a specific task. It is a sequence of steps that are followed to solve a problem or complete a task. Methods may be used in any field, including mathematics, science, engineering, medicine, finance, business, and computer science. Methods are often used to streamline processes and reduce complexity.
c. Preparing contribution margin income statement -Even Sales Volume (in units): 13,249,Sales Revenue: 13,249 x $140 = $1,854,560,Variable Costs: 13,249 x $73 = $967,477,Contribution Margin: $1,854,560 - $967,477 = $887,083,Fixed Costs: $468,000 + $271,200 = $739,200
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Arya wants to intern in the finance department for a major retailer. Since Arya will be learning about finance which refers to all
activities concerned with obtaining money and using it effectively.
True
False
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True, Finance refers to all activities concerned with obtaining money and using it effectively.
Finance has to do with effective management of money or financial resources of a business,company or organization.
Improper management of a company finance can lead to the company not achieving their aims and objectives or even liquidate.
For effective management of a company finance the accountant or the finance manager will need to have full understanding and knowledge about :
•What it takes to manage finance
•How to manage finance successfully
•How to effectively make use of the money obtained .
Inconclusion True, Finance refers to all activities concerned with obtaining money and using it effectively.
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you exercise for 30 minutes twice each day what's approximate percentage of your day is been on exercise?
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Answer:
30+30 =1 hour 1 hour out of 24 or 4.1%
Explanation: