If a company is liable for a credit reduction (due to Title XII advance), this extra tax must be paid along with each of the required deposits made during the year.
a. True
b. False
Answers
The given statement- "If a company is liable for a credit reduction (due to Title XII advance), this extra tax must be paid along with each of the required deposits made during the year" is false.
If a company is liable for a credit reduction due to Title XII advance, they do not have to pay the extra tax along with each of the required deposits made during the year.
Instead, the credit reduction is assessed at the end of the year and the company must pay it separately.
The credit reduction occurs when a state has borrowed funds from the federal government to pay unemployment benefits and has not repaid the debt in a timely manner.
As a result, the federal government reduces the amount of credit a state receives on their Federal Unemployment Tax Act (FUTA) tax return. This reduction can be up to 2.7% of the employer's taxable wages, which is a significant amount.
However, it is important to note that companies must still make their required deposits throughout the year. If they do not, they may be subject to penalties and interest charges.
Additionally, if a company is unable to pay the credit reduction in full when it is due, they may be able to work out a payment plan with the IRS.
It is important for companies to stay up-to-date on their FUTA tax obligations and to understand the implications of any credit reductions that may apply to them.
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Related Questions
he avenues a business uses to reach customers, like a website, store, or advertising, defines which section of the Lean Canvas Business Model? A. channels B. product C. key metrics D. revenue
Answers
Answer:
A. channels
Explanation:
A Lean Canvas Business Model can be defined as a simple but fluid diagram contained in a single page document used for describing an entire business plan or business model at a glance.
The Lean Canvas Business Model was adopted and created by Ash Maurya from the Business Model Canvas of Alexander Osterwalder.
Basically, it is a business framework that is based on strategic informations such as business problems and solutions, competitive advantage and key metrics (indicators), cost, pricing, channels etc.
Hence, the avenues a business uses to reach customers, like a website, store, or advertising, defines the channels section of the Lean Canvas Business Model. Channels comprises of inbound and outbound channels. The inbound channel is a medium used for bringing in customers to your business such as blogs, websites, social media applications, white papers etc. Also, the outbound channel such as Ads, trade fair, calls, convention etc., leads the business to the entrepreneur's customers and potential buyers.
april has joined a team with members from the sales customers service and shipping and receiving departments which term best describes the team april joined
Answers
Answer:
A cross-functional team
Explanation:
A cross-functional team is composed of members with different skills, experiences, and backgrounds. In organizations, cross-functional teams will have members from various departments. The teams are formed to undertake projects that require input from different experts.
April has joined a cross-functional team. The team has members from many departments. Cross-functional are temporally and get dissolved when the project is complete.
• In Chapter 10, read the "Reading EnergyGuide Labels" section and complete
the following questions:
1. What types of products have an energy-efficiency rating (EER)?
2. Why might a consumer want to know the estimated yearly energy costs
for operating an appliance?
Answers
The types of products have an energy-efficiency rating (EER) are:
What is an energy-efficiency rating (EER)?
The EER is the cooling capacity (in British thermal units (Btu) per hour) divided by the power input (in watts).
Why might a consumer want to know the estimated yearly energy costs for operating an appliance?
Without energy monitoring, the customer will be unable to identify inefficiencies in their company or home and efficiently correct the issue.
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Answer:
1Air conditioners, heat pumps, furnaces, and boilers
2 Having the estimated cost allows a consumer to make intelligent cost comparisons over time with different models of a product.
Explanation:
trust me
What would happen if a state or municipality suddenly lost its tax base? Explain if this would have any impact on it's cost of borrowing funds. Why?
Answers
Answer:
Following are the responses to the given question:
Explanation:
The tax base seems to be the amount that is added to both the income tax, that is which tax rate is the percentage of national economy collected as just a tax. Consequently, it is important to find an income tax that understands the tax base.
Whether this amount of tax would pay is not declared or decided if the state or city suddenly loses its local economy.
Impact mostly on the cost of credit
Its cost of debt before tax rebate funds = interest amount on the debt – any reduction in income tax which rose because of deductible profits. The costs of lending are real games calculated in anticipation of tax, however, the difference is DEDUCTIBLE in INTEREST EXPENSES.
This tax rate also increases the cost of lending and gives more income protection.
It's because when taxes become available, the company can save money on tax returns as it ultimately removes some profits.
Conclusion:
However it is lost about the tax base, however, the judgment could not be made afterward the amount to borrow as debt could be evaluated of that "TAX REVENUE OFFSET."
ok so plz do not take these points.
if ur reading this plz listen to ghost by badflower and then answer and tell me what u think and if u have also recently felt like that.
Answers
Answer:
its a good song i think its touching and yes i have recently felt like that.
Explanation:
Complete the paragraph describing how to initiate an informational interview by filling in the missing words or phrases correctly.
After you research the career field that you’re interested in, you should identify someone to interview. You can contact friends, family members, social media connections, or
to help you get in touch with someone to interview. You could contact this person through email or by phone to request the interview. You should be prepared to tell the person about the interview’s objective, why you chose that person, and
.
Answers
It's critical to thank them for their time and willingness to share their knowledge.
When requesting an interview, it's also a good idea to suggest some specific dates and times that work for you and to inquire about their preferred method of communication. Remember to be accommodating and considerate of their schedule and availability.
What is an informational interview ?An informational interview is a conversation between a person interested in a specific career field and a professional who works in that field.
The goal of an informational interview is to gain insight into the industry, learn about the day-to-day responsibilities of the job, and network with professionals with relevant experience. It's a chance to ask questions, get advice, and gather information that can help you make career decisions.
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Answer:
Part 1: B
Part 2: C
Explanation:
After you research the career field that you’re interested in, you should identify someone to interview. You can contact friends, family members, social media connections, or
[B: human resources employees]
to help you get in touch with someone to interview. You could contact this person through email or by phone to request the interview. You should be prepared to tell the person about the interview’s objective, why you chose that person, and
[C: job requirements]
.
which of these is an example of a single product with multiple market segments?a. Reebok makes tennis shoes, running shoes, walking shoes, and Weeboks.b. Reach Toothbrush is available in a soft, medium, and hard bristle for adults and kids.c. Twinings and Bigelow both market their own brands of Earl Grey tea.d. Botox is a drug marketed to some groups as a way to reduce signs of aging on the face, and to others as a treatment for migraines.e. Quaker Oats oatmeal sells both its hot cereals and cold cereals to people of all ages.
Answers
Tennis shoes, running shoes, walking shoes, and Weeboks are all produced by Reebok. For both adults and children, Reach toothbrushes are available with soft, medium, and hard bristles.
Describe a produce example?
Fruits, vegetables, grains, oats, and other items grown on farms are all collectively referred to as "produce." Produce also includes meats, grains, and other items like oats. To be more precise, the word "produce" frequently denotes goods that are in their original state and are generally fresh. Producing something, especially something to sell means making it or growing it. Exportable commodities are made in the factory. For grain production, they utilise all of the land.
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Which of the following would not normally be discussed when describing a firm's operating cycle?
a. manufacturing process
b. selling effort
c. acquiring financing
d. collection period
Answers
The operating cycle refers to the set of activities that are involved in the conversion of inventory into cash, which includes the manufacturing process, selling activities, and collection period. The correct answer is option c. acquiring financing
While acquiring financing is an essential component of a firm's overall financial management, it is not directly associated with the operating cycle.
The primary objective of the operating cycle is to ensure that the company has sufficient cash to fund its day-to-day operations.
By optimizing the operating cycle, a company can improve its cash flow and maximize its profits.
However, financing activities, such as obtaining loans or issuing stocks, are not considered part of the operating cycle, as they are typically undertaken to secure long-term funding for the company's growth and expansion plans, rather than to fund the daily operations of the company.
Therefore, the correct answer is option c. acquiring financing
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choose the correct statement of the rule; then complete the table for missing values. a merchant adds $3.00 to his cost to determine his selling price. the rule is:
Answers
The statement that correctly represents the rule is, Selling price = cost + 3. Therefore, the correct option is B. The selling price for the costs $1, $2, $3, $4, and $5 are $4, $5, $6, $7, and $8, respectively.
The rule for the merchant is to add $3.00 to his cost to determine his selling price. Therefore,
Selling price = Cost + $3.00
Let's calculate the selling price for cost $1.00:
$Selling price = Cost + $3.00= $1.00 + $3.00= $4.00
Similarly, let's calculate the selling price for cost $2.00, $3.00, $4.00, and $5.00 as follows:
For cost $2.00:
Selling price = Cost + $3.00= $2.00 + $3.00= $5.00
For cost $3.00:
Selling price = Cost + $3.00= $3.00 + $3.00= $6.00
For cost $4.00:
Selling price = Cost + $3.00= $4.00 + $3.00= $7.00
For cost $5.00:
Selling price = Cost + $3.00= $5.00 + $3.00= $8.00
Therefore, the selling prices for cost $1, $2, $3, $4, and $5 are $4.00, $5.00, $6.00, $7.00, and $8.00, respectively.
Note: The question is incomplete. The complete question probably is: Choose the correct statement of the rule; then compute selling price for cost = 1, 2, 3, 4, and 5. A merchant adds $3.00 to his cost to determine his selling price. the rule is: A) Selling price = cost B) Selling price = cost + 3 C) Selling price = cost – 3.
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According to the reading, what might support a premium pricing strategy? a) Forming your business as a corporation b) Fresh ingredients c) 24 hour operation d) None of the above
Answers
Answer: Fresh ingredients
Explanation:
The formula for the acid-test ratio is computed as (cash short-term investments current receivables)/__________.
Answers
When one wants to find out the acid test ratio, the formula is:
(Cash + Short term investments + Current receivables) / Current liabilities What is the acid-test ratio?It shows how well a company can pay off its current liabilities using only its most liquid short term assets.
It is calculated by deducting stock from the current assets and then dividing that figure by the current liabilities. Or, it can be calculated as:
= (Cash + Short term investments + Current receivables) / Current liabilities
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The answer for the problem is CASH
This type of cover letter style does a side by side comparison of an employer’s requirements and an applicant’s experience:
a.
Paragraph letter
b.
T-letter
c.
Bullet letter
d.
S-letter
Answers
Answer:
B
Explanation:
Got it on edge 2020
Which of the following is a list of liabilities?
A.accounts payable, bank loan, taxes payable, tax expense
B.accounts payable, bank loan, wages, taxes payable
C.accounts receivable, bank loan, taxes payable, accounts payable
D.accounts payable, bank loan, taxes payable, workers compensation payable
Answers
Mike has $22 in his bank account and deposits $11.50 each week. at the same time, tim has $218 in his account but is withdrawing $13 each week. when will the accounts have the same balance? how much money will each of them have after 12 weeks? a. the accounts will have the same balance at 8 weeks; mike will have $160 and tim will have $62 after 12 weeks. b. the accounts will have the same balance at 10 weeks; mike will have $160 and tim will have $62 after 12 weeks. c. the accounts will have the same balance at 8 weeks; mike will have $62 and tim will have $160 after 12 weeks. d. the accounts will have the same balance at 10 weeks; mike will have $100 and tim will have $50 after 12 weeks.
Answers
The correct answer is B. The accounts will have the same balance at 10 weeks; Mike will have $160 and Tim will have $62 after 12 weeks. In order to determine this, we need to look at the amount of money each person is depositing and withdrawing each week.
Mike is depositing $11.50 while Tim is withdrawing $13. This difference of $1.50 per week means that Tim's balance is decreasing faster than Mike's balance is increasing. After 8 weeks, Mike will have $102 in his account, and Tim will have $147. After 10 weeks, Mike will have $160, and Tim will have $62. This is when the accounts will have the same balance. After 12 weeks, Mike will still have $160, and Tim will have $62.
The difference between Mike and Tim's accounts is a result of the different amounts of money each person is depositing and withdrawing each week. Mike is depositing more money to his account than Tim is withdrawing from his account, which causes Mike's balance to increase while Tim's balance to decrease. This difference of $1.50 per week is what causes the balance to converge after 10 weeks. After 12 weeks, both Mike and Tim will have the same balance, which is $62.
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Which of the following is not a key element of the Sarbanes Oxley Act to improve corporate governance?a) The establishment of the Public Company Accounting Oversight Boardb) Requiring a company’s annual report to contain an internal control report that includes management’s opinion on the effectiveness of internal controlc) Severe criminal penalties for retaliation against "whistleblowers"d) Requiring that the company’s performance reports are prepared in accordance with generally accepted accounting principles
Answers
Answer:
d) Requiring that the company's performance reports are prepared in accordance with generally accepted accounting principles
Explanation:
The Sarbanes Oxley Act of 2002 was formed to set new guidelines for public companies located in the United States. There are eleven sections contained in the act and three key ones mentioned in the options above include;
1. The establishment of the Public Company Accounting Oversight Board: This board was to be in charge of the registration of auditors, providing auditing services, and overseeing audit forms.
2. Requiring a company's annual report to contain an internal control report that includes management's opinion on the effectiveness of internal control: Financial reports produced by the companies were to have the certification of the managers and accounting officers of the reporting organizations.
3. Severe criminal penalties for retaliation against "whistleblowers": Severe penalties were to be applied on any who engaged in financial crimes, or even discriminated against whistleblowers.
Which of the following are factors that will effect the price of a product?
(Check all that apply)
1. The amount of advertising and communications needed to inform customers
2. The number of businesses in the channel of distribution
3. The level of customer service offered by the business
4. The quantity of a product purchased by a customer
5. Whether the product is fragile or requires special handling
Answers
The factors that will affect the price of a product are:
1. The amount of advertising and communications needed to inform customers.
2. The quantity of a product purchased by a customer
3. Whether the product is fragile or requires special handling
What is Pricing?Pricing is the process by which a company determines the price at which it will sell its products and services and can be part of the company's marketing plan.
The process of estimating the quantitative value of a product based on internal and external criteria is known as product pricing. Product price has a direct influence on your company's entire profitability, from cash flow to profit margins to client demand.
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Who owns the TD bank? Is it the government?
Answers
A 25-year, $1,000 par value bond has an 15% annual payment coupon. The bond currently sells for $905. If the yield to maturity remains at its current rate, what will the price be 5 years from now?
A977.20
B907.41
C930.11
D984.19
E906.86
Answers
The future price of the bond after 5 years will be approximately $901.49. None of the given options matches this value exactly, but the closest option is B. 907.41.
To determine the future price of the bond, we need to calculate the yield to maturity (YTM) and use it to discount the future cash flows. Given that the bond has a 15% annual payment coupon and a par value of $1,000, it means it pays $150 annually ($1,000 x 0.15).
To calculate the yield to maturity (YTM), we can use the current price of $905. The YTM is the discount rate that equates the present value of the bond's cash flows to its current price.
Using a financial calculator or Excel, we can find that the YTM for this bond is approximately 17.12%.
Now, let's calculate the future price of the bond after 5 years using the YTM:
Future price = (Future coupon payments + Future par value) / (1 + YTM)ⁿ
where:
Future coupon payments = Coupon payment x (1 + YTM)ⁿFuture par value = Par value / (1 + YTM)ⁿn = number of yearsPlugging in the values:
Future coupon payments = $150 x (1 + 0.1712)^5 = $317.86
Future par value = $1,000 / (1 + 0.1712)^5 = $584.22
Future price = ($317.86 + $584.22) / (1 + 0.1712)⁵ = $901.49
Therefore, option B. 907.41 is correct.
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true or false in the late 1800s, farm families in the trans-mississippi west became less dependent on loans as they were able to purchase land, machinery, and industrial products despite the prices for agricultural goods in the world market.
Answers
The given statement "In the late 1800s, farm families in the trans-Mississippi became less dependent on loans as to purchase land and industrial products for agricultural goods market" is False because geographic area experienced the most dramatic growth in capitalism.
The capitalism is an economic and political system in which a country's trade and industry are controlled by the private owners for profit.
That's why, it is wrong statement that in the late 1800s, farm families in the trans-Mississippi west became less dependent on loans as they were able to purchase land, machinery, and manufacturing products whose costs for agricultural goods.
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Which of the following statements would be considered pros of globalization?
Increased competition between countries
Increased immigration of unskilled workers
Increased public funding for education and immigration of those citizens with education
Increased consumption of wide variety of goods leading to increased production
Answers
Answer:
increased consumption of wide variety of goods leading to increased production.
Explanation:
im sorry if i get it wrong
Key issues for monitoring homebuilder loans include:
-allocating loan disbursement requests to the correct home.
-longer, more complicated inspections than for income-properties.
-fewer instances of dealing with appraisals engaged by other banks.
-no issues with contracts on pre-sold homes falling through.
Answers
By addressing these key issues, lenders and financial institutions can effectively monitor and manage homebuilder loans, ensuring compliance, mitigating risks, and supporting successful construction projects.
Key issues for monitoring homebuilder loans include:
1. Allocating loan disbursement requests to the correct home: Homebuilder loans often involve multiple construction projects simultaneously.
It is crucial to accurately allocate loan disbursement requests to the correct homes to ensure that funds are appropriately distributed and used for the intended purposes.
2. Longer, more complicated inspections than for income-properties: Homebuilder loans require inspections at various stages of construction to ensure compliance with building codes, quality standards, and project progress.
These inspections can be more complex and time-consuming compared to inspections for income properties, as they involve monitoring the construction process from the ground up.
3. Dealing with appraisals engaged by other banks: Homebuilder loans may require coordination with other banks or financial institutions that engage their own appraisers to assess the value of the construction projects.
Monitoring these appraisals and ensuring consistency and accuracy can be a key issue in managing homebuilder loans.
4. Contracts on pre-sold homes falling through: Homebuilder loans often involve pre-sold homes where buyers have entered into contracts with the builder before construction is completed.
Monitoring the progress of these pre-sold homes and ensuring that there are no issues with contracts falling through is essential to manage the risk associated with financing these projects.
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Identify and explain 2 reasons why a business such as AEC could not be successful without other firms providing natural resources
Answers
Answer:
AEC needs rubber to make its seals too. Oil is needed to produce rubber and, like coal and iron ore, oil is a natural resource. Without oil, AEC would have no rubber for seals. Natural resources are declining over time + coal reserves, especially, are running out.
Answer:
Identify and explain 2 reasons why a business such as AEC could not be successful without other firms providing natural resources
Explanation:
AEC needs rubber to make its seals too. Oil is needed to produce rubber and, like coal and iron ore, oil is a natural resource. Without oil, AEC would have no rubber for seals. Natural resources are declining over time + coal reserves, especially, are running out.
The top five cities where venture capitalists are investing their money represent 10% of the global total.
True
False
Answers
it is false statement that the top five cities where venture capitalists are investing their money represent 10% of the global total.
What is a Venture capital?
This refers to the managerial expertise provided by investors to startup firms with long-term growth potential.
However, it is false that the top five cities where venture capitalists are investing their money represent 10% of the global total.
Therefore, the statement is a false statement.
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Cash received prior to delivering a product or performing a service is called a(n) a.unearned asset. b.unearned revenue. c.unearned expense. d.unearned contra-asset.
Answers
The correct answer is b. unearned revenue.
Unearned revenue, also known as deferred revenue or advance payments, refers to the cash a company receives from its customers for goods or services that it has not yet delivered or performed. Unearned revenue is considered a liability on the company's balance sheet until the work is completed or the product is delivered, at which point it becomes revenue that can be recognized on the income statement.
Unearned revenue is commonly found in industries such as software and subscription-based services, where customers pay upfront for future access to products or services. It's essential for companies to properly account for unearned revenue to avoid overstating their revenue and profits in a given period.
When a company receives unearned revenue, it records it as a liability on its balance sheet and recognizes it as revenue on the income statement when the associated goods or services are provided. The amount of unearned revenue decreases over time as the company fulfills its obligations to its customers.
In summary, unearned revenue represents cash received by a company before it delivers a product or service to its customers, making it a liability on the company's balance sheet until the related revenue is recognized on the income statement.
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Jaylen wants to open an account where he can access money whenever he
needs it. Which type of account should Jaylen open?
A. Money market account
B. Savings account
C. Checking account
D. Certificate of deposit
Answers
Name some areas where there’s an expected be an increased demand for workers
Answers
Answer:
Health care,Social assistance,Child care
Sarah has decided that she never wants to go into debt. Therefore, she only uses her
debit card and cash for purchases. The store where she is planning to purchase a dining
room set charges a 15% annual interest rate for all store credit card purchases. If Sarah
saves up the cash and uses her debit card to purchase her new $1,200 dining room set,
how much will she have to pay in interest?
Answers
The amount that Sarah will have to pay as interest will be $180
Based on the information given, the following can be depicted:
Cost of dining room set = Principal = $1200
Interest rate = 15%
Time = 1 year
The simple interest will be calculated using the formula:
= PRT/100
= (1200 × 15 × 1) / 100
= 18000/100
= 180
Therefore, based on the calculations above, the interest that'll be paid by Sarah is $180.
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Some argue that one of the reasons for the banking crisis was that banks were pressured by congress and other groups to make ___ loans.
Answers
Some argue that one of the reasons for the banking crisis was that banks were pressured by Congress and other groups to make risky loans.
The financial crisis of 2008-2009 was marked by a widespread collapse of financial institutions, including banks, as well as a severe economic recession. One factor that contributed to the crisis was the practice of lending money to borrowers who had a high risk of defaulting on their loans.
In addition, many banks were able to securitize their loans and sell them to other investors, which allowed them to transfer the risk of default to others. However, when the housing bubble burst, many of these securities became worthless, leading to significant losses for investors and a broader crisis of confidence in the financial system. The banking crisis highlights the importance of effective regulation and risk management, as well as the dangers of political pressure on banks to engage in risky lending practices.
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Heyy
Can someone help me please
Answers
Riku Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Super Supreme Sales price $ 68 $ 94 Variable cost per unit (38 ) (44 ) Contribution margin per unit $ 30 $ 50 Riku expects to incur annual fixed costs of $540,000. The relative sales mix of the products is 70 percent for Super and 30 percent for Supreme. Required Determine the total number of products (units of Super and Supreme combined) Riku must sell to break even. How many units each of Super and Supreme must Riku sell to break even?
Answers
Answer:
Super= 10,500
Supreme= 4,500
Explanation:
Giving the following information:
Spuer:
Contribution margin= $30
Sales proportion= 0.70
Supreme:
Contribution margin= $50
Sales proportion= 0.30
Fixed costs= $540,000
First, we need to calculate the break-even point in units for the whole company:
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Break-even point (units)= 540,000 / (0.7*30 + 0.3*50)
Break-even point (units)= 15,000 units
Now, for each product:
Super= 15,000*0.7= 10,500
Supreme= 15,000*0.3= 4,500