Answer:
1 million.
Explanation:
Employers are generally allowed to deduct reasonable compensation paid to employees, but the level of deductible compensation is limited to a maximum of $ 1,000,000 for the CEO, CFO, and the next three highest paid officers of publicly traded corporations unless certain exceptions are met.
Which of the following reasons for writing a formal business document would
lead you to write a proposal?
A. To convince your manager to use a new meeting organization tool
O B. To summarize what happened during a meeting
о C. To tell your manager a project is on budget and on schedule
O D. To describe what tasks you completed during the week
The reason that would lead someone to write a proposal would be option A - to convince your manager to use a new meeting organization tool. Option A
A proposal is a formal business document that is used to suggest a solution to a problem or to propose a new idea. It is used to convince someone to take action or make a decision that will benefit the company. In this case, the proposal is being used to convince the manager to adopt a new meeting organization tool.
The proposal would outline the benefits of the new tool, the cost of implementation, and how it would improve efficiency within the company. It would also include any research that has been conducted to support the proposal, as well as potential challenges and solutions. A proposal is a persuasive document that needs to be well-written and thought out.
Options B, C, and D do not require a proposal. Summarizing what happened during a meeting can be done through meeting minutes or a brief report. Telling your manager that a project is on budget and on schedule can be done through a progress report.
Describing what tasks you completed during the week can be done through a weekly status report. These types of reports are not intended to persuade or convince, but rather to inform. In conclusion, if you need to persuade someone to take action or make a decision, then a proposal would be the appropriate formal business document to use. Option A.
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As a financial manager explain how you would use2 specific financial ratios
Answer:
Ratio analysis is a useful management tool that will improve your understanding of financial results and trends over time, and provide key indicators of organizational performance. Managers will use ratio analysis to pinpoint strengths and weaknesses from which strategies and initiatives can be formed.
Explanation:
a. Suppose we have a three year fixed-payment loan with $300 payments made at the end of each year. Given a market interest rate of 6 percent, how much was initially borrowed?
The amount that has been initially borrowed is $802, having an annuity payment of $300 at the end of each year and a market interest rate of 6%.
What is annuity?An annuity is a series of payments made at regular intervals in the financial world. Regular savings account deposits, monthly home mortgage payments, monthly insurance payments, and pension payments are all examples of annuities. The frequency of payment dates distinguishes annuities.
The formula for calculating the present value of an annuity which is actually the sum borrowed is :
V= A/i {1-(1+i)^-n} , where,
A= fixed payment of annuity,
i= market rate of interest, and
n = number of years
V= 300/0.06{1-(1+0.06)^-3}
= 300/0.06{1-0.8396}
= 300/0.06 × 0.1604
= $802
Therefore, $802 was initially borrowed.
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Thermal Rising, Incorporated, makes paragliders for sale through specialty sporting goods stores. The company has a standard paraglider model, but also makes custom-designed paragliders. Management has designed an activity-based costing system with the following activity cost pools and activity rates:
Activity Cost Pool Activity Rate
Supporting direct labor $ 22 per direct labor-hour
Order processing $ 194 per order
Custom design processing $ 268 per custom design
Customer service $ 416 per customer
Management would like an analysis of the profitability of a particular customer, Big Sky Outfitters, which has ordered the following products over the last 12 months:
Standard Model Custom Design
Number of gliders 11 3
Number of orders 1 3
Number of custom designs 0 3
Direct labor-hours per glider 29.50 31.00
Selling price per glider $ 1,825 $ 2,490
Direct materials cost per glider $ 464 $ 584
The company’s direct labor rate is $16 per hour.
Required:
Using the company’s activity-based costing system, compute the customer margin of Big Sky Outfitters. (Round your intermediate calculations and final answer to the nearest whole dollar amount. Loss amounts should be entered with a minus sign.)
The total costs for Big Sky Outfitters is $6,566, The customer margin of Big Sky Outfitters is $14,123.
How to calculate the company’s activity-based costing system and the customer margin of Big Sky Outfitters.Calculating the costs for each activity:
1. Supporting direct labor:
Standard Model: 11 gliders x 29.50 direct labor-hours per glider x $16 per hour = $5,152
Custom Design: 3 gliders x 31.00 direct labor-hours per glider x $16 per hour = $1,488
2. Order processing:
Standard Model: 1 order x $194 per order = $194
Custom Design: 3 orders x $194 per order = $582
3. Custom design processing:
Custom Design: 3 custom designs x $268 per custom design = $804
4. Customer service:
Customer Service: 1 customer x $416 per customer = $416
Calculating the total costs for Big Sky Outfitters:
Total costs = Supporting direct labor + Order processing + Custom design processing + Customer service
Total costs = $5,152 + $194 + $804 + $416 = $6,566
Now, let's calculate the total revenues for Big Sky Outfitters:
Total revenues = (Number of gliders x Selling price per glider) - (Number of gliders x Direct materials cost per glider)
Total revenues = (11 x $1,825) - (11 x $464) + (3 x $2,490) - (3 x $584)
Total revenues = $20,075 - $5,104 + $7,470 - $1,752 = $20,689
Finally, let's compute the customer margin:
Customer margin = Total revenues - Total costs
Customer margin = $20,689 - $6,566 = $14,123
Therefore, the customer margin of Big Sky Outfitters is $14,123.
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Do you think it is right for government to raise taxes to cut the deficit? Discuss why you choose the answer that you have chosen and also discuss other measures government can use to eliminate the deficit.
Answer:
It is right
A deficit occurs when government spending exceeds its revenue. The goal when there is a deficit is to increase revenue. One wat of doing this is to increase taxes. Increasing taxes would increase the income that accrues to the government.
Another measure of eliminating deficit is to reduce the spending by the government. Reducing government spending would reduce the amount of deficit
Explanation:
A tax is a compulsory sum levied by the government on certain goods and services
what is the meaning of gpp in poultry industry
Answer:
five year ghana poultry program
Explanation:
How does a 12 year old get a lot of money
Answer:
babysitting, walking dogs, mowing lawns, shoveling snow,
Explanation:
Answer:
Explanation:
1)) babysitting
2)) small bussiness
3)) pet sitting
4)) yard work
5)) house sitting
6)) household work
7)) odd jobs
GL!
As you learned in the video, there is no specific age requirement to pay taxes.
Why, then, do you think there is a lack of awareness and general knowledge
about taxes among teens?
There could be several reasons why there is a lack of awareness and general knowledge about taxes among teens. One reason could be that taxes are not typically taught in schools, especially at the high school level. Another reason could be that teens may not have had any experience with earning income or paying taxes yet, so they may not see the relevance of learning about taxes. Additionally, taxes can be a complex and confusing topic, which can make it difficult for anyone, including teens, to understand. Finally, some teens may simply not be interested in learning about taxes until they are required to file their own tax returns.
One reason why there might be a lack of awareness and general knowledge about taxes among teens is that tax education is not typically taught in schools. Many schools do not offer personal finance or economics courses, and even when they do, the focus is often on basic concepts like budgeting and saving rather than complex topics like tax laws and regulations.
Another reason could be that teens may not have started earning enough income to be required to file taxes. As a result, they may not see taxes as relevant to their lives, and may not take the initiative to learn about the subject.
Additionally, the tax code can be complex and difficult to understand, even for adults. This complexity can make it challenging for teenagers to learn about taxes on their own, especially if they do not have access to resources like tax professionals or online educational materials.
You have discovered that one of you closest friends at work has stolen a large sum of money from the company. Would you do nothing? Go directly to an executive to report the incident before talking about it with the offender? Confront the individual before taking action? Make contact with the individual with the goal of persuading that person to return the money?
Answer:I would recommend confronting the individual before taking any action. It is important to first discuss the issue with the offender to understand the situation and whether it was intentional and deliberate. If the offender is uncooperative or unwilling to return the money, then the next step would be to go directly to an executive to report the incident.
Explanation:
1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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The Sarbanes-Oxley Act of 2002 holds all of the following groups strictly accountable in a legal sense for any instances of misconduct EXCEPT Group of answer choices investors. Higher level managers. company officers. Accountants and lawyers.
Answer:
investors
Explanation:
Investors who purchased the corporation's common stock and are not part of the board of directors are usually affected negatively by any misdoings carried out by upper management, the board or other high company officers, including the auditing firm and lawyers. If they lose money as a result of unlawful actions, they will generally sue those responsible for it.
How have cloud-based applications changed the way people edit documents?
We can actually deduce here that cloud-based applications has changed the way people edit documents by allowing multiple users to access, review and edit a document in real time but from different locations.
What is cloud-based application?A cloud application is actually known to be a software application that is known to be deployed in a cloud environment and not actually hosted on a local server but accessible via the internet.
Cloud computing is the technology that is changing how people store and share files. Documents can be stored in the cloud system for years and accessed from anywhere and at anytime.
We see here that with cloud collaboration multiple users can work on a document at real time.
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a comparison of the proportion of employees in a protected group with the proportion that each group represents in the relevant labor market is called a(n) _____. multiple choice question.
A comparison of the proportion of employees in a protected group with the proportion that each group represents in the relevant labour market is called Workforce Utilization Review.
What is the labour market?A labour market is a place where workers and employees interact with one another. Employers compete to hire the best, and employees compete to find the most satisfying job.
A labour market in an economy operates on the basis of labour demand and supply. It is an important part of any economy and is intricately linked to capital, goods, and services markets.
Therefore, Workforce Utilization Review is a comparison of the proportion of employees of each group in the relevant labour market.
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Why is accounting called the language of business?
because it serves as the mode of communication that is used to pass on information in the business world.
You're welcome :)
Answer:
Accounting is essentially the language that communicates the firm's financial information to its shareholders.
➲ Hope this helps!
"Mr. Bergh sent the firm's then top 60 managers six questions about the pros and cons of the business - and started interviewing each of them." Why would Mr. Bergh ask his managers questions about the pros and cons of the business? What type of information was he attempting to retrieve in his interview process? Do you feel that this is an effective way of communication from a leadership perspective?
Mr. Bergh asked his managers about the pros and cons of the business to gather valuable insights, encourage collaboration, and enhance organizational performance, making it an effective communication approach from a leadership perspective.
Mr. Bergh likely asked his managers questions about the pros and cons of the business to gain valuable insights and feedback from those who have a deep understanding of the organization's operations. By seeking input from the top 60 managers, he could gather a comprehensive perspective on the strengths and weaknesses of the business.
In his interview process, Mr. Bergh was likely attempting to retrieve information about various aspects of the business, such as identifying areas of improvement, understanding challenges faced by the managers, exploring potential opportunities, and gathering ideas for strategic decision-making.
By asking specific questions, he could assess the managers' knowledge, critical thinking, and problem-solving abilities. The goal would be to obtain actionable insights that could inform the company's future direction and enhance its performance.
From a leadership perspective, this approach can be highly effective. Engaging with managers and soliciting their opinions demonstrates a collaborative and inclusive leadership style.
It empowers managers by involving them in decision-making processes and signaling that their expertise and perspectives are valued. It also fosters a culture of open communication, encourages creativity, and enables the organization to tap into the collective intelligence of its top management.
However, the effectiveness of this approach depends on the receptiveness of the managers, the level of trust and psychological safety within the organization, and how the collected feedback is utilized.
It is essential for leaders to create an environment where managers feel comfortable expressing their views and ensure that the information gathered is acted upon or considered in decision-making processes. Regular and transparent communication should follow to close the feedback loop and demonstrate a commitment to continuous improvement.
In summary, asking managers about the pros and cons of the business and conducting interviews can be an effective way for a leader to gather valuable insights, foster collaboration, and enhance organizational performance when accompanied by a supportive leadership style and a commitment to act upon the feedback received.
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Robyn was a lawyer for the Department of State who has been disbarred for ethical lapses including dishonesty and interfering with investigations.
After losing his license to practice law, he was fired from the State Department. What MOST likely must Robyn do now?
A. Appeal his case to the American Bar Association.
B. Find a new career outside the legal profession.
C. Wait a year and reapply for his license.
D. Take his case to an appeals court.
The most likely thing for Robyn to do is B. Find a new career outside the legal profession.
Why does Robyn need to leave the legal profession ?Since he has lost his license to practice law, he would not be able to continue working as a lawyer or in any other legal capacity. In addition, his firing from the State Department would likely make it difficult for him to find employment in a related government agency.
Therefore, the most realistic option for Robyn would be to seek employment in a different field or industry. Appealing his case to the American Bar Association or taking his case to an appeals court would likely not be fruitful options, as his disbarment and firing from the State Department suggest that his ethical lapses were significant and serious.
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A product enters the maturity phase of the life cycle, during which sales are strong but growth is slowing. What product management activity is most appropriate?
A. Trying to improve the product's performance.
B. Spinning off the product line.
C. Discontinuing sales of the product.
D. Focusing on the other products in the mix.
Answer: Trying to improve the product’s performance
Explanation:
Answer:
Trying to improve the product's performance.
Explanation:
100%
Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob O’Donnell, a local merchant, to contribute the capital to form a partnership. On January 1, 2016, O’Donnell invests a building worth $130,000 and equipment valued at $140,000 as well as $60,000 in cash. Although Reese makes no tangible contribution to the partnership, he will operate the business and be an equal partner in the beginning capital balances.
To entice O'Donnell to join this partnership, Reese draws up the following profit and loss agreement:
- O'Donnell will be credited annually with interest equal to 10 percent of the beginning capital balance for the year
- O'Donnell will also have added to his capital account 15 percent of partnership income each year (without regard for the preceding interest figure) or $7,000, whichever is larger. All remaining income is credited to Reese.
- Neither partner is allowed to withdraw funds from the partnership during 2013. Thereafter, each can draw $5,000 annually or 20 percent of the beginning capital balance for the year, whichever is larger.
The partnership reported a net loss of $8,000 during the first year of its operation. On January 1, 2014, Terri Dunn becomes a third partner in this business by contributing $10,000 cash to the partnership. Dunn receives a 20 percent share of the business's capital. The profit and loss agreement is altered as follows:
- O'Donnell is still entitled to (1) interest on his beginning capital balance as well as (2) the share of partnership income just specified.
- Any remaining profit or loss will be split on a 5:5 basis between Reese and Dunn, respectively.
Partnership income for 2014 is reported as $64,000. Each partner withdraws the full amount that is allowed. On January 1, 2015, Dunn becomes ill and sells her interest in the partnership (with the consent of the other two partners) to Judy Postner. Postner pays $75,000 directly to Dunn. Net income for 2015 is $64,000 with the partners again taking their full drawing allowance On January 1, 2016, Postner withdraws from the business for personal reasons. The articles of partnership state that any partner may leave the partnership at any time and is entitled to receive cash in an amount equal to the recorded capital balance at that time plus 10 percent
a. Prepare journal entries to record the preceding transactions on the assumption that the bonus (or no revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
b. Prepare journal entries to record the previous transactions on the assumption that the goodwill (or revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
Robin Hood was an excellent archer and was the owner of Straight Shot Archery, Incorporated. The Merryman Annual Archery Tournament was taking place in three months. Little John wanted to compete in the tournament, however, he wanted to improve his skills with the bow and arrow and decided he was going to take a few lessons at Straight Shot Archery. Robin agreed to provide Little John 15 lessons for $2,500 beginning on June 1. On May 25, Little John realized that he would not have enough money, so he transferred his right under the agreement to Sheriff Nottingham, who had never used a bow or arrow before. Sheriff Nottingham notifies Robin that the contract had been assigned to him and demands that Robin Hood provide him with the lessons for $2,500.
Is Robin Hood required to perform on the contract? Assume that Robin Hood agreed to the assignment of providing lessons to Sheriff Nottingham and then fails to perform on the contract. Sheriff Nottingham sued Robin Hood for damages. Is Robin Hood liable on the contract?
In this scenario, Robin Hood agreed to provide 15 archery lessons to Little John for $2,500 beginning on June 1. However, before the lessons began, Little John assigned his right under the agreement to Sheriff Nottingham.
What is the story of Robin Hood's archery?According to legend, Robin of Locksley is taking part in an archery competition where the winner will receive a golden arrow. The final shot from his rival finds the target. Taking a step forward for his final shot, Robin also strikes the bulls-eye, splitting the other player's arrow that was already on the target.
Generally speaking, the assignment of a contract involves the transfer of one party's rights and obligations under the contract to another party. If the contract allows for assignment, and the assignment is valid, the assignee (in this case, Sheriff Nottingham) steps into the shoes of the original party (Little John) and assumes all of their rights and obligations under the contract.
Therefore, if the contract between Robin Hood and Little John allowed for assignment, and Little John's assignment to Sheriff Nottingham was valid, then Sheriff Nottingham would have the right to receive the 15 archery lessons in exchange for the $2,500 payment.
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On January 1, 2019, Moira, Inc. borrowed $100,000 on a 10-year 9% installment note payable to buy the Rosebud Motel. The terms of the note require 10 equal annual payments each December 31 for 10 years. The required journal entry to record the first payment on the note on December 31, 2019 would include a debit to Notes Payable in the amount of
Answer:
$15,582
Explanation:
On this question, use the Time Value of Money Techniques to find the the Annual Instalment (PMT).The amount of annual installment can be calculated using a Financial Calculator as :
PV = $100,000
N = 10
I = 9 %
FV = 0
P/YR = 1
PMT = ?
Entering the data as shown in a financial calculator gives an annual instalment (PMT) of $15,582.
The payment journal would be :
Note Payable $15,582 (debit)
Cash $15,582 (credit)
Thus, this would be a debit to Notes Payable in the amount of $15,582.
What is a financial planner? Responses
O a person that advises you on legal matters
O a qualified investment professional who helps individuals and corporations meet their long-term financial objectives
O a person whose job it is to keep, inspect, and analyze financial accounts
O a person who often works at a financial institution and is primarily concerned with raising capital for corporations, governments, or other entities
1. What is a financial planner?
a qualified investment professional who helps individuals and corporations meet their long-term financial objectives
2. How do financial planners get paid?
on the basis of fees or commissions
3. Which of these do financial planners advise on?
investing
4. What is the role of a financial planner?
a qualified investment professional who helps individuals and corporations meet their long-term financial objectives
5. What is the CFP?
a formal certification of expertise in the areas of financial planning, taxes, insurance, estate planning, and retirement
Personal Finance- Financial Planning Quick Check4/22/2023
Which of the following statements is true of the corporate strategy of an organization
Answer:
I need the choices to choose from.
Explanation:
1.Here are data on two companies. The T-bill rate is 4% and the market risk premium is 6%.
Company $1 Discount Store Everything $5
Forecast return 12% 11%
Standard deviation of returns 8% 10%
Beta 1.5 1.0
What would be the fair return for each company, according to the capital asset pricing model (CAPM)?
Company Expected Return
$1 Discount Store %
Everything $5 %
2.Here are data on two companies. The T-bill rate is 4% and the market risk premium is 6%.
Company $1 Discount Store Everything $5
Forecast return 12% 11%
Standard deviation of returns 8% 10%
Beta 1.5 1.0
Characterize each company in the above table as underpriced, overpriced, or properly priced.
3. Kaskin, Inc., stock has a beta of 1.2 and Quinn, Inc., stock has a beta of .6. Which of the following statements is most accurate?
a. The expected rate of return will be higher for the stock of Kaskin, Inc., than that of Quinn, Inc.
b. The stock of Kaskin, Inc., has more total risk than Quinn, Inc.
c. The stock of Quinn, Inc., has more systematic risk than that of Kaskin, Inc.
4.A share of stock is now selling for $100. It will pay a dividend of $9 per share at the end of the year. Its beta is 1. What do investors expect the stock to sell for at the end of the year? Assume the risk-free rate is 8% and the expected rate of return on the market is 18%.
5.Consider the single factor APT. Portfolio A has a beta of 1.3 and an expected return of 21%. Portfolio B has a beta of .7 and an expected return of 17%. The risk-free rate of return is 8%. If you wanted to take advantage of an arbitrage opportunity, you should take a short position in portfolio __________ and a long position in portfolio _________.
a. A; A
b. A; B
c. B; A
d. B; B
Answer:
Explanation:
1.
According to the CAPM model
Fair return = Risk-free rate of return + (Beta × Market Premium)
For $1 discount store:
Expected return = 4% +(1.5 × 6%)
Expected return = 0.04 + (1.5 × 0.06)
Expected return = 0.04 + 0.09
Expected return = 0.13
Expected return = 13%
For everything $5
Expected Return = 4% + (1 × 6%)
Expected return = 0.04 + (1 × 0.06)
Expected return = 0.04 + 0.06
Expected return = 0.10
Expected return = 10%
2.
From the above calculation;
For $1 discount store:
Since the expected return is greater than the forecasted return at 12%.
Thus, it is overpriced.
For everything $5
Here, it is obvious from the above calculation that the expected return is lesser than the forecasted return at 11%.
Therefore, it is underpriced.
3) Beta can be defined as the security change that takes place due to market functuations. Thus, Beta manages the systematic risk associated with firms. From the information given, Kaskin Inc. has a more systematic risk(beta) than Quinn Inc. Thus, option A is the most accurate.
4)
To first find the growth rate by using CAPM model.
Required return = Risk free return + \(\beta\) (market return - risk free return)
Required return = 0.08 + 1(0.18 - 0.08)
Required return = 18%
Using the formula:
Required return = (next year dividend/current price) + growth rate
18% = (9/100) + g
0.18 = 0.09 g
g = 0.09
Growth rate g = 9%
To determine the price at year 1; we have:
= \(year \ 1 \ dividend \times \dfrac{1+g}{ke-g}\)
\(= 9 \times \dfrac{1+0.09}{0.18 - 0.09}\)
= $109.00
Therefore, the investor can earn a profit of $9 after selling the stock for $109 at the end of the year 1.
5.
According to beta
For portfolio A.
Risk premium per unit = (21 - 8)%/1.3
Risk premium per unit = (0.21 - 0.08)/1.3
Risk premium per unit = 0.1
Risk premium per unit = 10%
For portfolio B.
Risk premium per unit = (17 - 8)%/0.7
Risk premium per unit = (0.17 - 0.08)/0.7
Risk premium per unit = 0.1286
Risk premium per unit = 12.86%
From above, it is clear that the risk associated with portfolio B is lesser compared to portfolio A.
Thus; the correct option is b. A; B
if i move will my IP address change??
Answer:
yes it will change.
Explanation:
An economist will consider the sunk cost of a product line before recommending an improvement to the product. True or false
Answer:
false
Explanation:
Gerald just received a 2% raise from his employer. However, the rate of inflation last year
was 3%. Explain why this is a problem for Gerald.
Answer:
In conclusion, he will make less money.
Explanation:
It is a problem because the rate of inflation is higher than his raise.
Th increase in Gerald's income is a problem because the percentage increase in his income is lower than the increase in inflation. This means that the purchasing power in Gerald's income is lower.
Inflation is when the general price levels in an economy rises. Inflation reduces the purchasing power of money. The inflation rate in the US in 2020 was 1.2%.
Let us assume that Gerald's income is $1000.
After the raise, his income becomes: (1.02 x 1000) = $1020
As a result of the inflation, the increase in income needed to keep purchasing power constant is: (1.03 x $1000) = $1030.
The increase in Gerald's income is less than the inflation rate. This means that the purchasing power of Gerald would be lower.
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Question 3 4 Marks Mi Tierra Driving School charges $680 per student to prepare and administer written and driving tests. Variable costs of $408 per student include trainers’ wages, study materials, and gasoline. Annual fixed costs of $63,920 include the training facility and fleet of cars. Requirements 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units by first referring to the original data provided: a. Breakeven point with no change in information. b. Decrease sales price to $544 per student. c. Decrease variable costs to $340 per student. d. Decrease fixed costs to $53,040.
Answer:
Results are below.
Explanation:
Giving the following information:
Selling price= $680
Unitary variable cost= $408
Fixed cost= $63,920
To calculate the contribution margin and break-even point in units, we need to use the following formula:
Unitary contribution margin= selling price - unitary variable cost
Break-even point in units= fixed costs/ contribution margin per unit
a:
Unitary contribution margin= 680 - 408= $272
Break-even point in units= 63,920 / 272
Break-even point in units= 235
b:
Unitary contribution margin= 544 - 408= $136
Break-even point in units= 63,920 / 136
Break-even point in units= 470
c:
Unitary contribution margin= 680 - 340= $340
Break-even point in units= 63,920 / 340
Break-even point in units= 188
d:
Unitary contribution margin= 680 - 408= $272
Break-even point in units= 53,040 / 272
Break-even point in units= 195
Natalia needs to create a subreport to provide information about suppliers for a particular category of item in a table. What should she do?
Choose from a list.
Define a list.
Show suppliers for each record using foreign/primary key relationship.
Create a data report that shows the entire list of suppliers.
Answer:
C
Explanation:
Just took it
Answer:
Show suppliers for each record using foreign/primary key relationship.
Explanation:
Type the correct answer in the box. Spell all words correctly. In which book of accounts do businesses record their daily financial transactions? Businesses record their daily financial transactions in a _____, also known as the businessperson's diary.
Answer:
Journal.
Explanation:
Businesses record their daily financial transactions in a journal, also known as the businessperson's diary.
A journal entry involves the process of keeping the records of business transactions made by an organization.
The journal entry is used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.
In Accounting, most businesses use a double-entry account system and as such, the total amount debited must equal the total amount credited in a journal entry.
As it relates to a formal business plan, the ________ defines how the company will generate revenue and produce a profit.
Answer:
capital , the reward of capital is profit