Answers
At the point at which it is currently producing, Britain must give up the production of 75 hats to produce 25 additional sweaters. the opportunity cost of producing 4 sweaters is 12 hats.
A sweater or pullover, also known as a jersey or jumper, is an article of clothing that covers the top portion of the body and is often constructed of knit or crocheted material. The outfit is frequently referred to as a slipover, tank top, or sweater vest when it has no sleeves.
Both adults and kids wear sweaters, frequently over a shirt, blouse, T-shirt, or other top, but also occasionally near to the skin. Although wool was once the material used to make sweaters, they can today be created from cotton, synthetic fibres, or any mix of these.
Hence the correct option is E
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Related Questions
Fill in the blank. The of an event A is the event that A does not occur.
Answers
The complement of an event A is the event that A does not occur in any account is known as an impossible event.
What are the events?The event, incident, episode, and scenario all refer to an occurrence or occurrence. A happening that occurs without intention, choice, or plan is referred to as an occurrence. a fortuitous meeting that happened to occur.
As, in the event, there are certain possibilities is there that it will occur or not. One less than the likelihood that an event will take place gives us the likelihood that it won't.
Therefore, As a result, The impossible event is known as the event that A does not occur.
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The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2019 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents $ 10 Accounts payable $ 150 Accounts receivable 545 Accruals 210 Inventories 920 Notes payable 220 Total current assets $ 1,475 Total current liabilities $ 580 Net plant and equipment 2,265 Long-term bonds 1,500 Total liabilities $ 2,080 Common stock (100 million shares) 260 Retained earnings $ 1,400 Common equity $ 1,660 Total assets $ 3,740 Total liabilities and equity $ 3,740 Davidson Corporation: Income Statement for Year Ending December 31, 2019 (Millions of Dollars) Sales $ 9,500 Operating costs excluding depreciation and amortization 6,660 EBITDA $ 2,840 Depreciation and amortization 270 EBIT $ 2,570 Interest 150 EBT $ 2,420 Taxes (25%) 605 Net income $ 1,815 Common dividends paid $ 637 Earnings per share $ 18.15 Construct the statement of stockholders' equity for December 31, 2019. No common stock was issued during 2019. Write out all your answers completely. For example, 25 million should be entered as 25,000,000. Round your answers to the nearest share or dollar. Common Stock Retained Total Stockholders' Shares Amount Earnings Equity Balances, 12/31/18 $ $ $ 2019 Net income Cash dividends Addition to RE Balances, 12/31/19 $ $ $ Enter your answers for parts b-d in millions. For example, an answer of $25,000,000 should be entered as 25. How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary. $ million At the present time, how large a check could be written without it bouncing? Round your answer to the nearest hundredth of million, if necessary. $ million How much money must be paid to current creditors within the next year? Round your answer to the nearest hundredth of million, if necessary. $ mil
Answers
1. The construction of the statement of stockholders' equity for December 31, 2019, is as follows:
Davidson Corporation
Statement of stockholders' equityFor December 31, 2019
Common stock (100 million shares) $260
Retained earnings $ 1,400
Net income $ 1,815
Cash dividends paid ($ 637)
Retained earnings (ending bal.) $2,838
2. Over the years, Davidson Corporation has reinvested $2,838 million in the corporation, which is the ending balance of retained earnings on December 31, 2019.
3. At the present time, the amount of check that could be written without it bouncing is $10 million, made up of Cash and Cash equivalents.
4. The amount of money to be paid to current creditors within the next year is $580 million. Current creditors exclude long-term liabilities.
What are cash and cash equivalents?Cash and cash equivalents represent the value of a company's assets in the form of:
CashCan be converted into cash immediately.Examples of cash equivalents include bank account balances and marketable securities (commercial paper and short-term government bonds).
Data and Calculations:Davidson Corporation
Balance SheetAs of December 31, 2019 (Millions of Dollars)
Assets Liabilities and Equity
Cash and equivalents $ 10
Accounts receivable 545
Inventories 920
Total current assets $ 1,475
Net plant and equipment 2,265
Total assets $ 3,740
Accounts payable $ 150
Accruals 210
Notes payable 220
Total current liabilities $ 580
Long-term bonds 1,500
Total liabilities $ 2,080
Common stock (100 million shares) 260
Retained earnings $ 1,400
Common equity $ 1,660
Total liabilities and equity $ 3,740
Davidson Corporation
Income StatementFor Year Ending December 31, 2019 (Millions of Dollars)
Sales $ 9,500
Operating costs excluding
depreciation and amortization 6,660
EBITDA $ 2,840
Depreciation and amortization 270
EBIT $ 2,570
Interest 150
EBT $ 2,420
Taxes (25%) 605
Net income $ 1,815
Common dividends paid $ 637
Balance to retained income $1,178 ($1,815 - $637)
Earnings per share $ 18.15
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answer plese plese plese plese
Answers
Answer:
pls yrr sachi pic pa please
Depreciation On March 20, 2019, Norton Systems acquired two new assets. Asset A was research equipment costing $23,000 and having a 3 year recovery period. Asset B was duplicating equipment having an installed cost of $49,000 and a 5 year recovery period. Using the MACRS depreciation percentages, prepare a depreciation schedule for each of these assets.
Answers
Using the MACRS depreciation percentages, a depreciation schedule for each of the assets is as follows:
Asset A Research Equipment:Year Cost Depreciation Accumulated Net Book
Expense Depreciation Value
2019 $23,000 $7,666 $7,666 $15,334
2020 23,000 10,224 17,890 5,110
2021 23,000 3,406 21,296 1,704
2022 23,000 1,704 23,000 $0
Asset B Duplicating Equipment:Year Cost Depreciation Accumulated Net Book
Expense Depreciation Value
2019 $49,000 $9,800 $9,800 $39,200
2020 49,000 15,680 25,480 23,520
2021 49,000 9,408 34,888 14,112
2022 49,000 5,645 40,533 8,467
2023 49,000 5,645 46,178 2,822
2024 49,000 2,822 49,000 $0
What is MACRS depreciation?MACRS means the Modified Accelerated Cost Recovery System. It is a depreciation that allows the capitalized cost of an asset to be recovered over a specified period through annual deductions.
The MACRS system puts depreciable long-term assets into classes based on their set depreciation periods with predetermined rates.
The Modified Accelerated Cost Recovery System (MACRS) is a tax-based depreciation system that gives room for faster depreciation of an asset in its first year.
Data and Calculations:Date of Purchase = March 20, 2019
Asset A Research Equipment Depreciation Expense :
2019 = $7,666 ($23,000 x 33.33%)
2020 = $10,224 ($23,000 x 44.45%)
2021 = $3,406 ($23,000 x 14.81%)
2022 = $1,704 ($23,000 x 7.41%)
Asset B Duplicating Equipment Depreciation Expense :
2019 = $9.800 ($49,000 x 20%)
2020 = $15,680 ($49,000 x 32%)
2021 = $9,408 ($49,000 x 19.20%)
2022 = $5,645 ($49,000 x 11.52%)
2023 = $5,645 ($49,000 x 11.52%)
2024 = $2,822 ($49,000 x 5.76%)
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Question Completion:Applicable MACRS % Rate: rt
Year t 3-year 5-year
property property
1 33.33 20.00
2 44.45 32.00
3 14.81 19.20
4 7.41 11.52
5 --- 11.52
6 --- 5.76
Sum 100.00 100.00
Comprehensive Problem 2 Part 4 and 6: Note: You must complete parts 1, 2 and 3 before attempting to complete part 4 and part 6. Part 5 is an optional work sheet. 4. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete Part 6. a. Merchandise inventory on May 31 $585,200 b. Insurance expired during the year 12,000 c. Store supplies on hand on May 31 4,000 d. Depreciation for the current year 14,000 e. Accrued salaries on May 31: Sales salaries $7,000 Office salaries 6,600 13,600 f. The adjustment for customer refunds and allowances is $60,000. 6. Journalize the adjusting entries. If an amount box does not require an entry, leave it blank. Post the adjusting entries to the attached spreadsheet you used in parts 1 and 2.
Answers
Relevant Question:
At the end of May, the following adjustment data were assembled.
a. Merchandise inventory on May 31 $585,200
b. Insurance expired during the year 12,000
c. Store supplies on hand on May 31 4,000
d. Depreciation for the current year 14,000
e. Accrued salaries on May 31: Sales salaries $7,000 Office salaries 6,600 13,600
f. The adjustment for customer refunds and allowances is $60,000.
Stores Supplies at the beginning of May is $11,400.
Journalize the adjusting entries. If an amount box does not require an entry, leave it blank.
Answer:
Journal Entries:
a. No Journal Entry
b. Debit Insurance Expense $12,000
Credit Prepaid Insurance $12,000
To record the insurance expense for the year.
c. Debit Supplies Expense $7,400
Credit Store Supplies $7,400
To record the supplies expense ($11,400 - $4,000) for the year.
d. Debit Depreciation Expense $14,000
Credit Accumulated Depreciation $14,000
To record the depreciation expense for the year.
e. Debit Sales Salaries Expense $7,000
Debit Office Salaries Expense $6,600
Credit Salaries Payable $13,600
To record the accrued salaries for the year.
f. Debit Customer Refunds and Allowances Expenses $60,000
Credit Customer Refunds and Allowances $60,000
To record the expense for customer refunds and allowances.
Explanation:
The journal entries record the business transactions as they occur daily. Accounts are identified based on the accounting equation and the double-entry system of accounting. For every transaction, two or more accounts are recorded, with some debited and others credited accordingly.
A hypothetical firm called BRICK 'n TILE is specialising in producing bricks at a unit price of R3 and selling at a price of RB. The cost of labour increases from R150 to R200 per labourer. Conduct research on any BRICK 'n TILE firm of your choice on the following: STEP 1 Explain the four basic costs curves that BRICK 'n TILE will experience. STEP 2 Recopy the table below to your answer book and determine the missing values: Table for BRICK 'n TILE costs and revenue. Quantity Labour Fixed Variable Total of tiles units Cost Cost 0 0 50 10 1 20 3 30 5 40 50 60 70 80 90 7 9 10 11 12 50 50 50 50 50 50 50 50 50 (3) Total Profit& Marginal Cost Revenue Loss Revenue (3) (10) (3) (3) (3) (5 x 3)(15)
Answers
For the speculative firm Block 'n TILE, the four essential expense bends they will encounter are Marginal Cost (MC) Curve, Average Total Cost (ATC) Curve, Average Variable Cost (AVC) Curve, and Average Fixed Cost (AFC) Curve.
Marginal Cost (MC) Curve:
The Marginal Cost (MC) Curve: addresses the extra expense brought about by creating another unit of result.
Average Total Cost (ATC) Curve:
The Average Total Cost (ATC) Curve shows the typical expense per unit of result.
Average Variable Cost (AVC) Curve:
The Average Variable Cost (AVC) Curve addresses the variable expense per unit of result.
Average Fixed Cost (AFC) Curve:
The Average Fixed Cost (AFC) Curve addresses the proper expense per unit of result.
These expense bends assist firms with enjoying Block 'n TILE figure out the connection between the degree of creation and the related expenses. They are essential for pursuing creation choices, setting costs, and deciding the company's benefit.
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The four cost curves are displayed in the accompanying graph-
HN Company had a beginning cash balance of $50,000; cash payments of $15,000 and a loan balance with the bank of $7,000. If HN has an agreement with the bank that they will maintain a minimum cash balance of $30,000, their ending cash balance is $
Answers
Based on the information given their ending cash balance is $12,000.
Ending cash balanceUsing this formula
Ending cash balance=Beginning Cash Balance- Cash Payments+ Loan balance-Minimum cash balance
Let plug in the formula
Ending cash balance=+$50,000-$15,000+$7,000-$30,000
Ending cash balance=$12,000
Inconclusion their ending cash balance is $12,000.
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Answer:
30000
Explanation:
what is the rate of return when 30 shares of stock A, purchased for $20/share, are sold for $720? The commission on the sale is $6
Answers
The rate of return on the investment is 19% for the 30 shares of stock and if the cost of each share is $20.
The Number of shares = 30
Cost of stock A = $20 per share
Total cost of 30 shares = 30 shares x $20/share = $600
The total cost of shares if the 30 shares were sold for $720, after paying a 6$ commission is:
$720 - $6 = $714
The profit from these sales are:
$714 - $600
profit = $114
The rate of return can be estimated as:
Rate of return = (Profit from sales / Total cost of cost) x 100%
Rate of return = ($114 / $600) x 100%
Rate of return = 0.19 x 100%
Rate of return = 19%
Therefore, we can conclude that the rate of return on the investment is 19%.
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Volatile price changes, technological changes, and government intervention are what type of risks?
Answers
Volatile price changes, technological changes, and government intervention are external risks that can impact a company's operations and performance.
What are Volatile price changesVolatile price changes refer to fluctuations in input or product prices, which can affect profitability and cost structure. Technological changes can introduce advancements or disrupt an industry, requiring companies to adapt to avoid becoming obsolete.
Government intervention, through regulatory changes or policies, can create uncertainties and challenges for companies, affecting operations, costs, and market access.
To mitigate these risks, companies should implement risk management strategies such as diversification, contingency planning, staying informed about market trends, investing in R&D, and engaging with government stakeholders.
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Blank and blank is another word for networking
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Carlota and Dave formed an S corporation; Carlota owns 75% of the out-standing shares, and Dave owns the rest. When the entity’s AAA balance is $1,000,000, it distributes an asset to each shareholder; the basis of each asset to the corporation is $152,500. Carlota’s asset is worth $213,500, and Dave’s is worth $183,000.
a. How much gain, if any, does the corporation recognize as a result of the distribution? $______
b. By how much, if any, does the distribution increase Dave’s gross income? $_____
c. By how much, if any, does the distribution increase Carlota’s gross income? $_____
Answers
The corporation recognized gain is $26000.Mark recognized is $34600 and basis in land is fair market value is $70,400
How much profit, if any, does the company realize from the distribution?we get here recognized is express as
recognized is = fair market value - tax basis
recognized is =$70400 - $44400
recognized gain is = $26000and
Gain raised his stock's basis from $35,800 to $61,800 (26,000 + 35,800).
so we recognized gain allocated is = $70400 - $61800 = $8600
here mark recognized is = gain allocated + recognized gain
mark recognized is = $8600 + $26000
mark recognized is = $34600
basis in land is fair market value = $70,400
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When making a choice using the blank a household will choose the combination of labor, leisure, and income that provides the most utility
Answers
Answer: hiii lol
Explanation:
how do you understand the word business finance?
Answers
Answer:
Business Finance means the funds and credit employed in the business. Finance is the foundation of a business. Finance requirements are to purchase assets, goods, raw materials and for the other flow of economic activities
Answer:
in my opinion and own words
Explanation:
Business Finance simply means the activity of managing money in financial status especially in companies or government organizations to run a business or activity or also a project so it simply means using Finances to run a business
.(Thank you and sorry)0
*
This model of retailer grants a license to another party to market and sell its
products or services and each location is owned by a different person or
group.
Independent
Corporation
Franchise
Private Company
Answers
1. In terms of business goals, what is the difference between a profit and non-profit business structure? (1 points)
2. Describe the following trends in business. Give an example of what you can do to maintain a productive business environment that supports each trend.
a. Social responsibility (1 point)
b. Green business (1 point)
c. Globalization (1 point)
d. Technology (1 point)
Answers
Answer:
I think technology d and social responsibility
1. Entrepreneurship denotes a process through which an entrepreneur seeks more of creativity, than innovation for creating wealth. of creativity, than innovation for creating wealth.
Answers
The given statement that "Entrepreneurship denotes a process through which an entrepreneur seeks more of creativity, than innovation for creating wealth. of creativity, than innovation for creating wealth is true.
What does the term "entrepreneur" mean in terms of business?An entrepreneur is someone who has an idea and tries to develop a good product or service that others will purchase, together with a business to help them in their endeavor. An entrepreneur is seen as a visionary or an innovator since they take on the majority of the risk and responsibility for their new company.
The aptitude and preparedness to create, plan, and manage a business enterprise—along with all of its uncertainties—in order to turn a profit is what is meant by entrepreneurship. The creation of new firms is the most visible illustration of entrepreneurship.
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complete question
TRUE /FALSE
which of the following will a company that is pursuing a low-cost leadership strategy most likely use for creating its product?
Answers
A company pursuing a low-cost leadership strategy will most likely use the following methods for creating its product mass production and standardization, vertical integration, and automation and technology. Here option D is the correct answer.
Mass production and standardization: This involves producing large quantities of standardized products using economies of scale to reduce costs.
Vertical integration: This involves the company owning and controlling the entire supply chain from raw materials to distribution, which helps to reduce costs by eliminating intermediaries and controlling quality.
Automation and technology: This involves investing in technology and automation to improve efficiency and reduce costs in production and distribution processes. Outsourcing and offshoring: This involves outsourcing non-core activities such as manufacturing to low-cost countries to take advantage of lower labor costs.
Complete question:
Which of the following will a company that is pursuing a low-cost leadership strategy most likely use for creating its product?
A - Mass production and standardization
B - Vertical integration
C - Automation and technology
D - All of these
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Troy Engines Ltd. manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An outside supplier has offered to produce and sell one type of carburetor to Troy Engines Ltd. for a cost of $55 per unit. To evaluate this offer, Troy Engines Ltd. has gathered the following information relating to its own cost of producing the carburetor internally:
Direct materials cost $34 per unit.
Troy Engines pays its direct labour employees $20 per hour; each carburetor requires 30 minutes of labour time.
Variable manufacturing overhead is allocated at 30% of direct labour cost.
Total fixed manufacturing cost amounts to $15 per unit, of which 60% is allocated common cost and the remaining 40% covers depreciation of special equipment and supervisory salaries. The special equipment has no resale value. Supervisory personnel will be transferred to a different department if the company decides to purchase the carburetor from the outside supplier.
Yearly production of this type of carburetor is 17,000 units.
Required:
1-a. Assume that the company has no alternative use for the facilities that are now being used to produce the carburetors. Compute the total differential cost per unit for producing and buying the product.
Answers
Answer:
The company has no alternative use for the facilities that are now being used to produce the carburetors is explained below in details.
Explanation:
A
Compute the total cost of making and buying the parts is explained in the image A.
B.
Reject
C.
Compute the total cost of making and buying the parts is explained in the image C.
D.
Accept
The following trial balance relate to Lubuto company at 31 March 2022
K’000 K’000
Plant and Equipment at cost (iii) 155,500
Accumulated amortisation/ depreciation at 1 April 2021
Right of use asset 25,000
Plant and Equipment 43,500
Right of use – leased property at cost 100,000
Bank interest 900
Administration expenses 36,800
Distribution costs 33,500
Cost of sales 290,600
Loan note interest and dividends paid (notes(iv) and(v) 13,380
Revenue 490,000
Inventories at 31st March 2022 61,000
Trade received 63,000
Trade payables 32,200
Bank 5,500
Equity shares of 25ngwee each (notes ii) 56,000
Share premium 25,000
Retained earnings at 1 April 2021 26,080
5% convertible loan note (note iv) 50,000
Current tax note (vi) 3,200
Deferred tax (note (vi) 4,600
757,880 757,880
The following notes are relevant:
(i) Revenue includes and amount of K20 million for cash sales made through Lubuto
co’s retail outlets during the year on behalf of francis. lubuto Co, acting as agent, is
entitled to a commission of 10% of the selling price of these goods. By 31st March
2022, Lubuto Co had remitted to Francis K15million ( of the K20 million sales) and
recorded this amount in cost of sales
(ii) On 1st August 2021, Lubuto Co made a fully subscribed rights issue of equity share
capital based on two new shares at 60 ngwee each for every five shares held. The
issue has been fully recorded in the trial balance figures.
(iii) Plant and equipment is depreciated at 12.5% per annum on the reducing balance
basis. Leased property was purchased 20yrs ago and depreciation is charged on
straight line. All amortisation and depreciation of non-current assets is charged to cost
of sales.
(iv) On 1 April 2021, Lubuto co issued a 5% K50 million convertible loan note at par.
Interest is payable annually in arears on 31 March each year. The loan note is
redeemable at par or convertible into equity shares at the option of the loan note
holders on 31 March 2024. The interest on an equivalent loan note without the
conversion rights would be 8% per annum. The present values of K1 received at the
end of each year, based on discount rates of 5% and 8% are:
5% 8%
End of year 1 0.95 0.93
2 0.91 0.86
3 0.86 0.79
(v) An equity dividend of 4ngwee per share was paid on 30 May 2021 and, after the
rights issue, a further dividend of 2 ngwee per share was paid on30th November 2021.
(vi) The balance on current tax represent represents the under/over provision of the tax
liability for the year ended 31st March 2021. A provision of K28 million is required
for current tax for the year ended 31st March 2022 and at this date the deferred tax
liability was assessed at K8.3 million.
Required
(a) Prepare the statement of profit or loss for Lubuto for the year ended 31st March 2022.
(12marks)
(b) Prepare the statement of financial position for; Lubuto for the year ended 31 March 2022,
Answers
Statement of profit or loss for Lubuto for the year ended 31st March 2022:
Revenue K490,000
Less: Commission to Francis (1.5M) [Note (i)]
Net revenue 488,500
Cost of sales 306,100
Opening inventory 75,000
Add: Purchases 290,600
Less: Closing inventory (61,000)
Gross profit 182,400
:
Administration expenses (36,800)
Distribution costs (33,500)
Depreciation - Plant and Equipment (21,719) [Note (iii)]
Depreciation - Right of use asset (5,000)
Amortisation - Right of use - leased property (14,500)
Bank interest (900)
Loan note interest and dividends paid (13,380) [Note (iv)]
Profit before tax 57,601
How to explain the statement of financial positionStatement of financial position for Lubuto for the year ended 31st March 2022:
Explanation:
Non-current assets:
Plant and equipment at cost 155,500
Less: Accumulated depreciation (43,500)
Net plant and equipment 112,000
Right of use asset 20,000 [Note (iii)]
Right of use - leased property at cost 100,000
Less: Accumulated amortisation (14,500)
Net right of use - leased property 85,500
5% convertible loan note 50,000 [Note (iv)]
Total non-current assets 267,000
Current assets:
Inventories 61,000
Trade receivables 63,000
Bank 5,500
Total current assets 129,500
Total assets 396,500
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6. Suppose that the consensus forecast of security analysts of your favorite company is that earnings next year will be $5.00 per share. The company plows back 50% of its earnings and if the Chief Financial Officer (CFO) estimates that the company's return on equity (ROE) is 16%. Assuming the plowback ratio and the ROE are expected to remain constant forever: Suppose that you are confident that 10% is the required rate of return on the stock. What does the market price of $50.00 per share imply about the market's estimate of the company's expected return on equity? (please give a number) 1 point
Answers
10.0000%, market price of $50.00 per share imply about the market's estimate of the company's expected return on equity.
The given amount is;
The market price of $50.00 per share.The company's expected return on equity is 10%.ROE x blowback ratio16.0000% x 50.0000%8.0000%Because the needed rate of return to the stock is 10%, the market's assessment of the company's expected return on equity is greater than that derived using the plowback ratio and the ROE.
As a result, the significance of the market price of $50.00 per share imply about the market's estimate of the company's expected return on equity are the aforementioned.
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Hernando lives in a county where everyone pays the same amount of taxes no matter their income. Which type of tax system is Her
MOST likely using?
Answers
Answer: Proportional Tax System
Explanation:
Hernando's country is using proportional tax system or Flat tax system.
What is proportional tax system?Everyone pays the same tax rate under proportional taxes, regardless of income. Since everyone pays the same rate, regardless of their income, sales taxes are considered proportional regressive taxes.
No matter their wealth or income, everyone pays the same amount of tax under a proportionate or flat tax system. This approach aims to achieve parity between the average tax rate paid and the marginal tax rate.
Because there is no tax penalty for earning more money, proponents of proportional taxation contend that they promote the economy by motivating people to work harder. Additionally, they think that firms would be more willing to invest and spend money under a flat tax structure, boosting the economy.
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Determine the total expenses based on the following data
assets 72,000
owner's equity 70,000
revenues 20,000
liabilities 16,000
Answers
From the given data, it appears that the expenses result in a negative value of $-14,000. This indicates a deficit, which suggests that the company's liabilities and owner's equity exceed its assets.
To determine the total expenses based on the given data, we need to use the accounting equation: Assets = Liabilities + Owner's Equity. In this case, we are given the values of assets, owner's equity, and liabilities.
Assets = $72,000
Owner's Equity = $70,000
Liabilities = $16,000
Using the accounting equation, we can calculate the total expenses by rearranging the equation:
Expenses = Assets - Liabilities - Owner's Equity
Expenses = $72,000 - $16,000 - $70,000
Expenses = $-14,000
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4. During a slow business period, an associate sees a new hire having trouble answering a customer's questions. The customer is ready to leave. What should the
associate do?
O A. Step in and say, "Here, let me help," then ring the sale
OB. Approach them and ask, "Can I help answer any questions?
OC. Alert the manager that the new hire needs help
D. Watch without interrupting and advise the new hire after the customer leaves
Answers
In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?"
In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?" By approaching the new hire and offering assistance, the associate demonstrates teamwork and a willingness to support colleagues. This approach allows the new hire to handle the customer interaction directly, gain experience, and build confidence. However, the associate's presence and offer to help signal that they are available to step in if needed. Interrupting the interaction completely, as in option A, may undermine the new hire's ability to learn and handle customer inquiries independently. It is essential to strike a balance between providing support and allowing the new hire to develop their skills. Option C, alerting the manager, should be reserved for situations where the new hire is struggling consistently or if the customer's concerns are not being addressed. It is generally more effective to offer immediate assistance before involving higher-level management. Option D, watching without interrupting and advising the new hire afterward, misses the opportunity to salvage the customer's experience in real-time. Addressing the customer's concerns promptly and preventing them from leaving is crucial for maintaining customer satisfaction and loyalty. In summary, approaching the new hire and offering assistance while the customer is still present (option B) strikes a balance between supporting the new hire and ensuring a positive customer experience.
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WHAT CAN SUCCESS IN SELLING DO FOR YOU? When it comes to higher income; learning techniques in professional selling can do many personal things for you. There are 3 false statements below.
1. Dealing with customers is more exciting that the routine work involved in most other jobs.
2. Selling brings out the best in your personality. 3. Salespeople are made, not born; if you don't plan and work hard, you'll never be exceptional at
selling 4. Very few executives start out as salespeople.
5. Those good at selling can often quickly improve their income.
6. Learning to sell now will help you succeed in any job in the future. 7. In your first sales job, what you leam can be more important that what you earn.
8. Selling is less demanding than other jobs.
9. You have less freedom in most selling positions.
10. Smile uses fewer muscle than a frown.
After choosing state why it is false.
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Answer:
I'm not quite sure of this question cuz I'm not you know
If the amount of gasoline purchased per car at a large service station has a population of $15 and a population standard deviation of$4 then 99.73% of all cars will purchase between $3 and $27
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The range between $3 and $27 is three standard deviations away from the mean.
Since we know that 99.73% of the data falls within three standard deviations of the mean, we can estimate that 99.73% of all cars will purchase gasoline between $3 and $27.
According to the given information, the population mean is $15, and the population standard deviation is $4.
This means that 99.73% of all cars will purchase gasoline within three standard deviations of the mean, using the empirical rule.
Therefore, we can use the empirical rule to estimate the percentage of cars that will purchase gasoline between $3 and $27.
The empirical rule is also known as the 68-95-99.7 rule, which states that:Approximately 68% of the data falls within one standard deviation of the meanApproximately 95% of the data falls within two standard deviations of the meanApproximately 99.7% of the data falls within three standard deviations of the mean.
To find the number of standard deviations that correspond to $3 and $27, we need to calculate the z-scores.
The z-score formula is given as:z = (x - μ) / σwhere z is the standard score, x is the value of the variable, μ is the population mean, and σ is the population standard deviation.
To find the z-score for $3, we plug in the values:z = (3 - 15) / 4z = -3To find the z-score for $27, we plug in the values:z = (27 - 15) / 4z = 3.
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abc inc. launched a new product. for its integrated marketing campaign, the company decided to outsource. they reviewed a few campaign proposals and selected a firm. they paid for the campaign. in this scenario, abc inc. is...
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The marketing firm is the service provider, while ABC Inc. is the recipient of the service. Therefore, ABC Inc. is the customer or client in this situation.
In this scenario, ABC Inc. is the client or customer of the marketing firm they hired to create and execute their integrated marketing campaign. ABC Inc. paid for the campaign, which means they entered into a contractual agreement with the marketing firm to provide services in exchange for payment.
Customers are the people or businesses who make purchases from businesses. They are the foundation of every company because they generate the income necessary for it to function and develop. Customers can be people who buy products or services for their own use or they can be companies that buy products or services to run their business. In order to offer customers products and services that meet or exceed their expectations, a company must comprehend their needs and preferences. A company's success depends on developing strong relationships with its customers because happy customers are more likely to make repeat purchases and refer the company to others.
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What percentage did closed and originations increase in 2019?; How many mortgages started in 2019?; What percentage of home loans are government backed?; How big is the mortgage origination market?
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In total, the number of closed-end originations in 2019 increased by 26 percent. Lenders reported approximately 8.1 million originations of mortgages in 2019. 50% of home loans are government backed and Estimated Year Value of mortgage market for year 2022 is US$ 8.7 Billion.
A mortgage, commonly known as a mortgage in civil law countries, is a loan that a property buyer or existing owner can use to borrow money while placing a lien on the property. product they are buying.
Mortgage initiation, a procedure, is how a loan is "secured" against a borrower's home. This implies that, in the event that the borrower defaults on the loan or violates the terms of the loan, a legal process is established that allows the lender to seize and sell the collateral to repay the loan.
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changes affecting product management
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Due to numerous changes in the business environment, product management is a dynamic profession that is always changing.
Product management has been profoundly affected by technological advancements including artificial intelligence (AI), machine learning, the Internet of Things (IoT), and data analytics.
Agile and lean processes are replacing conventional product development techniques in the business. Customers' demands are always changing. Customers today want seamless, individualized, and user-centric experiences across several channels.
Businesses now place a high focus on being customer-centric. Product managers are supposed to represent the interests of users inside the organization, speak out for user demands, and match product strategy to user value.
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what is price elascity of demand?
i,A mearure of the extent to which price changes when the quantity demandes changes
ii,A measure of the extent to which the quantity demanded changes when price changes
iii,A measure of the extent to which total revenue changes when price changes
iv,A measure of the extent to which price changes when total revenue changes
*-CHOOSE THE CORRECT ANSWER-*
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The price elasticity of demand is ii. A measure of the extent to which the quantity demanded changes when the price changes.
Price elasticity of demand (PED) is a concept used in economics to understand how sensitive the demand for a good or service is to changes in its price. It measures the percentage change in quantity demanded in response to a 1% change in price. If the demand is highly responsive to price changes, the demand is said to be elastic. If the demand is less responsive to price changes, it is considered inelastic.
A high price elasticity of demand indicates that consumers are very sensitive to price changes, resulting in a relatively large change in the quantity demanded. This often occurs with goods or services that have readily available substitutes, where consumers can easily switch to alternatives if prices rise.
Conversely, a low price elasticity of demand indicates that consumers are not very responsive to price changes, resulting in a relatively small change in the quantity demanded. This often occurs with goods or services that are necessities or have limited substitutes, where consumers are willing to pay higher prices despite changes in price.
Understanding the price elasticity of demand is crucial for businesses and policymakers in determining pricing strategies, forecasting demand, and assessing the impact of price changes on total revenue. By knowing the price elasticity of demand, producers can adjust prices strategically to maximize revenue or market share based on consumer responsiveness to price changes. Therefore, the correct option is ii.
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The equipment replacement problem is a type of problem that can be modeled as a(n): a. Assignment problem. b. Minimal spanning tree problem. c. Transportation problem. d. Shortest path problem.
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Answer:
d. Shortest path problem.
Explanation:
A shortest path problem can be defined as the process of finding the quickest solution or method to solve a specific problem.
Generally, the shortest path problem is modeled as a transshipment problem.
For example, the equipment replacement problem is a type of problem that can be modeled as a shortest path problem.