Why do some Economists believe tax reform is needed in the United States?

Answer:

Help Todd find ways to build skills and advance in the company.

Explanation:

She could give him specific projects or tasks that utilizes the mathematical and business skills (for example preparing a budget, or any other project that would require calculations and business skills), in order for Todd to become more exposed to the senior management teams, in order for him to demonstrate his skills to the senior team by the work he is presenting.

Answer:

Mmm

Explanation:

According to the given condition the manager was incorrect. In order to maximize profits a the marginal cost(MC) should be equal to a firm's marginal revenue(MR).

Profit maximisation refers to a procedure that businesses go through to make sure the best output and price levels are achieved in order to maximise their returns.

The inability of the enterprises to assess expenses at all production stages makes it difficult for them to measure overall cost and total income.

By studying how minor adjustments to production affect profits and expenses, they adopt a more pragmatic approach.

Hence,  according to the given condition the manager was incorrect. In order to maximize profits a the marginal cost(MC) should be equal to a firm's marginal revenue(MR).

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Answer: D. Cost leadership

Explanation:

Magic's strategy in this case is cost leadership. Cost leadership is when a company produces ita product by using the lowest production cost and therefore has a competitive edge towards its rivals.

In a cost leadership strategy, the cost is reduced and the company therefore makes the least expensive goods in the industry and thus gain marhet share.

Every state has a guarantee fund that is created by legislation. To safeguard policyholders in the event that an insurer goes bankrupt or is unable to pay its debts, a state's insurance commissioner maintains guarantee funds.

It is possible for a borrower to approach a bank for a loan since a guarantee fund offers a loan or credit guarantee. When a borrower lacks adequate security, such as real estate or other assets, guarantees can be quite helpful. The lack of (enough) collateral is practically universal among small borrowers. Guarantee insurance entails that an insurance firm, rather than a bank, provides a guarantee to your business.

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Answer:

setting the price of the product well below the price charged by the rival

Explanation:

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants  

When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero

If firms are earning negative economic profit, in the long run, firms leave the industry.  This drives economic profit to zero

in the long run, only normal profit is earned

If a monopolistically competitive sets price below competitors, losses would be made. So, there is no incentive to do this

Answer:

$22.68

Explanation:

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This is to inform you that I will be leaving work early today. The grammar in this sentence is correct.

The grammar of a natural language is its set of structural constraints on speakers' or writers' composition of clauses, phrases, and words. The term can also refer to the study of such constraints, a field that includes domains such as phonology, morphology, and syntax, often complemented by phonetics, semantics, and pragmatics. There are currently two different approaches to the study of grammar: traditional grammar and theoretical grammar.

Fluent speakers of a language variety or lect have effectively internalized these constraints, the vast majority of which at least in the case of one's native languages are acquired not by conscious study or instruction but by hearing other speakers. Much of this internalization occurs during early childhood; learning a language later in life usually involves more explicit instruction.

The term grammar can also describe the linguistic behaviour of groups of speakers and writers rather than individuals.

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Your question is incomplete, but most probably the full question is:

Check  the grammar of the sentence given below is correct or incorrect:

This is to inform you that I will be leaving work early today.

Answer:

A.Economic Ordering Quantity =600 units

B.Number of orders= 105 orders

C.Average inventory units=300 units

D.Total cost = $840

Explanation:

A. Computation for the economic ordering quantity

Using this formula

EOQ =Sqare root of (2×Annual demand×Ordering cost) /Holding or carrying costs

Where,

Annual demand = 63 000 units

Ordering cost =$4

H = Holding or carrying costs = $1.40

Let plug in the formula

Economic Ordering Quantity =Sqare root of 2×63,000×4/1.4

Economic Ordering Quantity= Square root of 504,000/1.40

EOQ=Square root of 360,000

Economic Ordering Quantity=600 units

b. Computation of how many orders will be placed during the year.

Using this formula

Number of orders = Sales units / EOQ

Let plug in the formula

Number of orders= 63,000 / 600

Number of orders= 105 orders

c. Computation of what the average inventory be

Using this formula

Average inventory units = EOQ / 2

Let plug in the formula

Average inventory units= 600 / 2

Average inventory units=300 units

d. Computation for the total cost of ordering and carrying inventory

First step is to find the Ordering cost

Using this formula

Ordering costs = Number of orders × Cost per order

Let plug in the formula

Ordering costs= 105 × $4 = $420

Second step is to find the Carrying cost

Using this formula

Carrying costs = Average inventory × Carrying cost per unit

Let plug in the formula

Carrying costs = 300× $1.40

Carrying costs =420

Now Let find the Total cost

Using this formula

Total cost = Ordering costs + Carrying costs

Let plug in the formula

Total cost= $420 + 420

Total cost = $840

Therefore in a situation where a firm decide to place an orders based on the EOQ, this means the ordering costs will equal the carrying costs.

Explanation:

With Salesforce, Spotify has continued to offer amazing customer service since its days as a small startup. The company started by using Desk.com for fast customer support and later migrated to an integrated Sales Cloud and Service Cloud system for a customised solution with 360-degree customer views and collaboration.

Answer:

A claim against a customer is known as an account receivable.

A housekeeper is an individual responsible for the supervision of a house's cleaning staff.

Housekeepers are in charge of upholding a level of cleanliness throughout one hotel or another lodging facility. Both the common areas and specific hotel rooms are cleaned. Housekeepers in the hospitality sector stock linens, make beds, perform laundry, and clean restrooms.

It takes a lot of physical effort and is highly exhausting to clean houses. It falls within the category of "moderately heavy" to "heavy" work since it uses about 4 kilocalories per minute (4kcal/min) of energy.

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Answer:

Depression, anxiety, low self-esteem, ADHD, and bad study habits are all possible causes of procrastination. Procrastination is linked to poor performance and hazards to one's mental health. Procrastinators frequently experience significant levels of anxiety and have trouble controlling their impulses.

Explanation:

Answer:

New Zealand

I hope this helps :)

The majority of morticians in the United States work in funeral homes. Therefore, option D is the correct answer.

What are funeral homes?

Funeral homes are businesses that provide funeral and burial services to families who have lost a loved one. Morticians, also known as funeral directors or undertakers, work at funeral homes and are responsible for managing and coordinating funeral services, embalming bodies, and providing support and guidance to grieving families.

While some morticians may be self-employed or work for religious institutions or nursing homes, the majority of them work in funeral homes.

It is also important to note that funeral homes may vary in size and scope, so understanding the industry as a whole can help one identify the type of funeral home they would like to work for and the potential for career advancement.

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If consumers start saving more rather than spending, the most likely outcome would be a decrease in the real interest rate (option D).

If the Federal Reserve institutes Contractionary Policy, the most likely outcome would be an increase in interest rates (option A).

This happens because an increase in savings means that there is more supply of loanable funds in the market, which can lead to a decrease in the cost of borrowing and, consequently, a decrease in the real interest rate.

If the Federal Reserve institutes Contractionary Policy, the most likely outcome would be an increase in interest rates (option A). Contractionary policy is designed to reduce the money supply and slow down economic growth to combat inflation.

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Answer:

Explanation:

Using the high-low method, we need to first find the variable cost per unit and then use it to calculate the fixed cost.

Total change in overhead cost = $2,500,000 - $800,000 = $1,700,000

Output change = 400,000 - 100,000 = 300,000

Therefore, the variable cost per unit is:

Variable cost per unit = Total change in overhead cost / Output change

Variable cost per unit = $1,700,000 / 300,000

Variable cost per unit = $5.67 per unit

To find the fixed cost, we can use the following equation:

Fixed cost = Total overhead cost - (Variable cost per unit x Output level)

For the high output level of 400,000 units:

Fixed cost = $2,500,000 - ($5.67 x 400,000)

Fixed cost = $2,500,000 - $2,268,000

Fixed cost = $232,000

For the low output level of 100,000 units:

Fixed cost = $800,000 - ($5.67 x 100,000)

Fixed cost = $800,000 - $567,000

Fixed cost = $233,000

Since the fixed cost increases by $200,000 when output exceeds 300,000 units, we can conclude that the fixed cost for the 400,000 unit level is $233,000 + $200,000 = $433,000.

Therefore, the variable overhead cost per unit using the high-low method is $5.67 per unit. The correct answer is option B.

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Answer:

A. It is removed entirely.

Explanation:

After the equipment has been sold,  entries are made to remove it from the balance sheet. The equipment is not an asset of the business anymore hence should not appear in the balance sheet. one equipment is sold, the accountant needs to update its accumulated depreciation and determine its book value.  

Journal entries are posted to completely remove the accumulated depreciation from the books and the balance sheet.

Answer:

1-a. Total Contribution margin is $210,000 and Net operating income is $28,000.

1-b. Degree of Operating Leverage = 7.50

2-a. The expected percentage increase in net operating income for next year is 150%.

2-b. Expected amount of Net Operating Income is $70,000.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Magic Realm, Inc., has developed a new fantasy board game. The company sold 15,000 games last year at a selling price of $20 per game. Fixed costs associated with the game total $182,000 per year, and variable costs are $6 per game. Production of the game is entrusted to a printing contractor. Variable costs consist mostly of payments to this contractor.

Required:

1-a. Prepare a contribution format income statement for the game last year.

1-b. Compute the degree of operating leverage.

2. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption:

a. What is the expected percentage increase in net operating income for next year?

b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)

Explanation of the answer is now provided as follows:

1-a. Prepare a contribution format income statement for the game last year.

The contribution format income statement for the game last year can be prepared as follows:

Magic Realm, Inc.

Contribution Income Statement

For Last Year

Details                               Total ($)       Per Unit ($)  

Sales                                 300,000              20

Variable cost                    (90,000)              (6)

Contribution margin         210,000               14

Fixed expense                 (182,000)

Net operating income     28,000  

1-b. Compute the degree of operating leverage.

Degree of Operating Leverage = Contribution Margin / Operating Income = $210,000 / $28,000 = 7.50

2-a. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption: What is the expected percentage increase in net operating income for next year?

Since:

Degree of Operating Leverage = Percentage change in Operating Income / Percentage change in Sales

Substituting the relevant values, we have:

7.50 =  Percentage change in Operating Income / 20%

Percentage change in Operating Income = 7.5 * 20% = 150%

Therefore, the expected percentage increase in net operating income for next year is 150%.

2-b. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption: What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)

This can be calculated as follows:

Change in Net Operating Income = 150% * $28,000 = $42,000

Expected amount of Net Operating Income = Current Net Operating Income + Change in Net Operating Income = $28,000 + $42,000 = $70,000

The total overhead applied to Product A7 under activity-based costing is closest to $482,086.

Activity Cost Pools  Measures  Overhead  Product E1  Product A7   Total

Labor-related          DLHs        $ 109,600           4,800        1,200    6,000

Machine setups      setups           51,690              700           300     1,000

Order size               MHs            808,470           2,800       3,500    6,300

Total                                        $ 969,760

                                          Total Costs         Product E1            Product A7

Labor-related       DLHs     $ 109,600        $87,680 (80%)     $21,920 (20%)

Machine setups   setups        51,690           36,183 (70%)        15,507 (30%)

Order size            MHs         808,470         363,811 (45%)     444,659 (55%)

Total                                  $ 969,760

Total overhead allocated to products    $487,674            $482,086

Thus, the calculation of the total overhead applied to Product A7 under the activity-based costing method is determined by the volume of activities that Product A7 consumed under each activity cost pool, as indicated by the percentages.

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Answer:

1) d. $175,000

2) b. $156,250

Explanation:

1. The computation of net income for 20X9 under the treasury stock method is shown below:-

Net income for 20X9 under the treasury stock method = Janet Operating income + Slider operating income

= $100,000 + $75,000

= $175,000

2. The computation of income assigned to the controlling interest for 20X9 is shown below:-

income assigned to the controlling interest for 20X9 = Janet Operating income + (Slider operating income × Remaining percentage)

= $100,000 + ($75,000 × 75%)

= $100,000 + $56,250

= $156,250

Therefore we have applied the above formulas.

Answer:

C) price elastic.

Explanation:

The right response is A. one-third of the value of the property will be included in your client's gross estate.

The transfer of a deceased person's property is subject to an estate tax. It is assessed on the entire estate's value and is a tax on the right to transfer property at the moment of death. Estate tax is frequently referred to as "death tax" or "inheritance tax." The government levies estate tax in order to raise money, and it is often only applied to large estates that surpass a specific threshold.

When a person holds real estate as a tenant in common, they only have a partial ownership interest in the property. As a result, only their portion of the property will be counted as their gross estate for estate tax purposes when they die away. In this instance, the client holds a one-third interest in the office building, therefore if they pass away while still owning it as tenants in common, a third of the property's worth will be a part of their gross estate.

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To write a essay in which you explain and describe your monthly and annual family budget considering that you are married to a spouse and have two children, it is essential to analyze what the priorities are between that family's income and expenses.

It corresponds to a technique where the objective is to assist in the allocation of financial resources effectively for each individual's need, through the listing of expenses to identify and understand the expenses in each category, providing subsidies for better decision-making in relation to the finance.

Therefore, a family with two children would probably have essential expenses such as food, house maintenance, children's education and fuel for the vehicle, for example, with the personal budget being a method of better visualization and control of expenses, for organizing long-term goals. for example, how to save for your kids' college.

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Answer: quality, convenience, price, and customer service.

Explanation:

The four traits of customer value are quality, convenience, price, and customer service.

Quality refers to the overall level of excellence or superiority of a product or service. A product or service that is of high quality is more likely to be valued by customers, as it provides a more positive and satisfying experience.

Convenience refers to the ease and accessibility of a product or service. A product or service that is convenient to use and obtain is more likely to be valued by customers, as it saves time and effort.

Price refers to the cost of a product or service. A product or service that is priced competitively and provides good value for money is more likely to be valued by customers, as it represents a fair exchange of money for the benefits received.

Customer service refers to the level of support and assistance provided to customers.

A product or service that is backed by good customer service is more likely to be valued by customers, as it provides peace of mind and helps to resolve any issues that may arise.

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Compounding is the interaction where the worth of a speculation increments on the grounds that the income on a venture, both capital gains and premium, acquire interest over the long haul.

The formula of compound interest rate is,

A=P(1+r/n)nt

Putting all values of P,r,n,t we get,

A=500(1+.10/1)5=500 ×1.61 = 805.255= 805.26

So, the future value is $805.26

Your wealth grows at a faster rate thanks to compound interest. Because you will earn returns on the money you invest and on returns at the end of each compounding period, it grows a sum of money faster than simple interest.

When reinvested interest is used, compounding is a method for determining the total interest on the principal. It leads to an exponential increase in assets or capital for investors. Similarly, debtors face a significant burden when compound interest is applied to liabilities like debt.

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Answer:

Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business. ...

Write your business plan. ...

Fund your business. ...

Pick your business location. ...

Choose a business structure. ...

Choose your business name. ...

Register your business. ...

Get federal and state tax IDs.

More items...

ok.......

a. Malcolm's gross profit margin is 25%.

b. Malcolm's rate of stock turnover is 5 times.

To calculate Malcolm's gross profit margin and rate of stock turnover:

(i) Gross Profit Margin:

Gross Profit = Sales - Cost of Sales

Gross Profit = £30,000 - £22,500 = £7,500

Gross Profit Margin = (Gross Profit / Sales) * 100

Gross Profit Margin = (£7,500 / £30,000) * 100 = 25%

Malcolm's gross profit margin is 25%.

(ii) Rate of Stock Turnover:

Stock Turnover = Cost of Sales / Average Stock

Average Stock = (Opening Stock + Closing Stock) / 2

Average Stock = (£3,100 + £5,900) / 2 = £4,500

Stock Turnover = £22,500 / £4,500 = 5 times

Malcolm's rate of stock turnover is 5 times.

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Answer:

The new productivity is "29.17 boxes per hour". A further solution is provided below.

Explanation:

The given number of boxes,

= 700 boxes

After the change in the work rule,

The productivity will be:

= \(\frac{700 \ boxes}{3\times 8 \ hours}\)

= \(\frac{700 \ boxes}{24 \ hours}\)

= \(29.17 \ boxes \ per \ hr\)