Steinberg Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black and white. Another model, the deluxe model, is a color printer-scanner-copier. For the coming year, Steinberg expects to sell 100,000 regular models and 20,000 deluxe models. A segmented income statement for the two products is as follows:
Regular Model Deluxe Model Total
Sales $12,000,000 $10,720,000 $22,720,000
Less: Variable costs 7,200,000 6,432,000 13,632,000
Contribution margin $4,800,000 $4,288,000 $9,088,000
Less: Direct fixed costs 1,200,000 960,000 2,160,000
Segment margin $3,600,000 $3,328,000 $6,928,000
Less: Common fixed costs 1,702,400
Operating income $5,225,600
Required:
1. Compute the number of regular models and deluxe models that must be sold to break even. Round your answers to the nearest whole unit.
Regular models units
Deluxe models units
2. Using information only from the total column of the income statement, compute the sales revenue that must be generated for the company to break even. Round the contribution margin ratio to four decimal places. Use the rounded value in the subsequent computation. (Express as a decimal-based amount rather than a whole percentage.) Round the amount of revenue to the nearest dollar.
Contribution margin ratio
Revenue$
Answers
Answer:
1. Regular model 25,000 units
Deluxe model 4,477.61 units
2. $9,656,000
Explanation:
1. Computation of the number of regular models and deluxe models that must be sold to break even.
First step is to calculate the contribution margin
per unit for Regular model and Deluxe model using this formula
Contribution margin per unit = Contribution margin / Units sold
Let plug in the formula
Regular model Contribution margin per unit= $4,800,000 / 100,000
Regular model Contribution margin per unit=$48.00 per unit
Deluxe model Contribution margin per unit= $4,288,000 / 20,000
Deluxe model Contribution margin per unit= $214.40 per unit
Now let calculate the Break even point in units for Regular model and Deluxe model using this formula
Break even point in units = Direct fixed cost / Contribution margin per unit
Let plug in the formula
Regular model Break even point in units= $1,200,000 / $48
Regular model Break even point in units=25,000 units
Deluxe model Break even point in units= $960,000 / $214.40
Deluxe model Break even point in units =4,477.61 units
Therefore Break even point in units will be: Regular model 25,000 units
Deluxe model 4,477.61 units
2. Computation of the sales revenue that must be generated for the company to break even
First step is to calculate Contribution margin ratio using this formula
Contribution margin ratio = Contribution margin / Sales * 100
Let plug in the formula
Contribution margin ratio =$9,088,000 / $22,720,000 * 100
Contribution margin ratio =40%
Second step is to calculate the Total fixed expenses for the company using this formula
Total fixed expenses for the company = Total direct fixed costs + Common fixed costs
Let plug in the formula
Total fixed expenses for the company =$2,160,000 + 1,702,400
Total fixed expenses for the company =$3,862,400
Now let calculate the Break even point in dollar sales using this formula
Break even point in dollar sales = Total fixed cost / Contribution margin ratio
Let plug in the formula
Break even point in dollar sales=3,862,400 / 40%
Break even point in dollar sales=$9,656,000
Therefore Break even point in dollar sales will be $9,656,000
Related Questions
Floating rate bonds are most likely to be popular with investors when it is anticipated that:_________.
a) interest rates will stay the same.
b) interest rates will go up.
c) interest rates will go down.
d) short-term interest rates will be higher than long-term interest rates
Answers
Answer:
i think d is the correct answer
how can we use research &
technology
to make american workers more
productive in the global marketplace, and American firms more competitive.
Answers
Computer-integrated manufacturing is being used to make American workers more productive in the global marketplace, and American firms more competitive.
The average level of output per worker per hour is known as productivity. The US productivity growth rate increased by 4.2% on average between 1979 and 2011. More particularly, productivity rose 2% in 2011. Although a 2% rise was less than our average productivity growth from 1979 to 2011, 11 other countries that the US bureau of labor statistics monitors annually experienced greater productivity growth than the US. If US businesses want to boost productivity and their ability to compete in the global market, they must take into account a number of elements.
Since a few years ago, automation—the full or nearly full employment of machines to perform tasks—has changed how work is done in industries. Computer-integrated manufacturing is being used by an increasing number of industries to aid in product design and production. Electronic equipment and Computer-integrated manufacturing are combined in a flexible manufacturing system (FMS) to create smaller batches of goods more effectively than on a conventional assembly line.
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Which advertising career interest you the most?
Answers
Answer:
The advertising career that interest me the most is marketing
Explanation:
Joe is a regular customer. He's been in 4 times over the past two weeks. Each
time, he's received a wire transfer of $2000. He immediately sends a wire for
$500 and comes back into the store the next day to send 3 more money
transfers of $500 each to 3 different people.
The situation raises the following Red Flags (Select all that apply)
Joe has multiple friends.
Joe's transaction activity is frequent and for larger dollar amounts.
Joe is breaking up the transaction into smaller amounts.
Joe sometimes purchases other items in the store such as toothpaste and medicine.
Joe is breaking up received money into smaller amounts of money and sending to
several people.
Answers
Answer:
Joe's situation raises the following Red Flags:
Joe is breaking up the transaction into smaller amounts.
Explanation:
Joe is following money laundry footsteps. I suspect that he may be involved in some fraudulent practices, no wonder he is making some frantic efforts to launder the wire transfer of $2,000. He had completed sending some of the proceeds to some other persons. Perhaps, he will remit more cash in similar ways.
Answer:
Joe is breaking up the transaction into smaller accounts
Joe's transaction activity is frequent and for larger dollar amounts.
Joe is breaking up received money into smaller amounts of money and sending to several people
Explanation:
Today’s entrepreneurs are taking advantage of the opportunity to meet changing needs in the marketplace. Examples include cleanup of radioactive and industrial waste, disposal of outdated computers and office equipment, and women-friendly tool kits for home improvement. How does this opportunity demonstrate awareness of the marketplace? Do you anticipate that the market will be increasing or decreasing?
Answers
The opportunity for entrepreneurs to meet changing needs in the marketplace, such as cleanup of radioactive and industrial waste, disposal of outdated computers and office equipment, and women-friendly tool kits for home improvement, demonstrates their awareness of the evolving demands and preferences of consumers.
By identifying these specific needs and developing solutions to address them, entrepreneurs show their understanding of the marketplace and the potential for profitable ventures.
They recognize that there is a demand for environmentally-friendly waste management services, responsible disposal of electronic devices, and products tailored to the needs of women engaging in home improvement projects. This awareness enables them to capitalize on these opportunities and cater to niche markets.
Regarding the future trajectory of the market, it is important to note that predictions can be influenced by various factors and are subject to change. However, based on the information provided, it seems likely that the market for these types of services and products may increase or remain stable in the near future.
Concerns about environmental sustainability, regulations on waste management, and the increasing focus on inclusivity and gender equality suggest a continued need for solutions in these areas. As long as these needs persist and evolve, entrepreneurs who are able to offer innovative and effective solutions are likely to find opportunities for growth and success in the market.
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Barker Company produces and sells a single product with budgeted or standard costs as follows:
Inputs Standards
Direct materials 10 lbs at $10.00 per pound
Direct labor 8 hours at $12.50 per hour
Factory overhead: Variable
Fixed 8 hours at $20.00 per hour
8 hours at $40.00 per hour
Overhead rates are based on 8,000 standard direct labor hours per month, i.e., this is the master budget denominator activity level.
Desired ending inventories of materials are based on 10% of the next months materials needed. Desired ending finished goods are based on 5% of next periods budgeted unit sales.
Unit Sales are budgeted as follows:
January February March April
1,000 1,200 1,600 1,400
The budgeted sales price is $1000 per unit. Sales are budgeted as 80% credit sales and 20% cash sales. Past experience indicates that 60% of credit sales are collected during the month of sale, 38% are collected in the following month, and 2% are uncollectible. A 1% cash discount is allowed to all customers (cash or credit) who pay within the month the sale takes place. Selling and administrative expenses are:
Variable = 20% of sales dollars, Fixed = $250,000 per month. The budget assumption concerning cash payment proportions is that all current purchases of direct material, direct labor, factory overhead and selling and administrative items will be paid for during the current period. The beginning cash balance for February is $10,000. Depreciation and other non-cash fixed costs are: manufacturing = $100,000, selling and administrative = $75,000.
REQUIRED: A Partial Master Budget for February as follows.
1. Sales budget for February, including net sales dollars.
2. Calculate collections for February.
3. Production Budget, i.e., units to be produced for February.
4. Direct Material quantity needed for production for February.
5. Direct Material quantity to be purchased for February.
6. Budgeted cost of direct material purchases for February.
7. Budgeted cost of direct material used for February.
8. Direct labor needed for production for February.
9. Budgeted cost of direct labor used for February.
10. Budgeted factory overhead costs for February.
11. Budgeted cost of goods sold for February.
12. Prepare a simple Budgeted Income Statement for February.
13. Prepare a cash budget for February.
Answers
Sales Budget for February:
Expected unit sales in February: (1,200 units × 80%) = 960 units
Sales revenue: 960 units × $1,000 per unit = $960,000
What are the calculations for other questions?Below are the calculations for all kinds of budget in February:
2. Collections Budget for February:
Credit sales in February: 960 units × $1,000 per unit × 80% = $768,000
Collections from February credit sales (60% collected in February): $768,000 × 60% = $460,800
Collections from January credit sales (38% collected in February): ($960,000 - $768,000) × 38% = $68,640
Cash sales in February: 960 units × $1,000 per unit × 20% = $192,000
Total collections in February: $460,800 + $68,640 + $192,000 = $721,440
3. Production Budget for February:
Expected unit sales in February: 960 units
Add: Desired ending finished goods inventory (5% of next period sales) = 5% × 1,600 = 80 units
Total units required: 960 units + 80 units = 1,040 units
Less: Beginning finished goods inventory (assume zero) = 0
Units to be produced: 1,040 units
4. Direct Material Quantity Needed for Production for February:
Direct materials required per unit: 10 lbs
Total direct materials required: 1,040 units × 10 lbs per unit = 10,400 lbs
5. Direct Material Quantity to be Purchased for February:
Direct materials needed for production: 10,400 lbs
Add: Desired ending materials inventory (10% of next period's materials needed) = 10% × (10,400 lbs) = 1,040 lbs
Total materials required: 10,400 lbs + 1,040 lbs = 11,440 lbs
Less: Beginning materials inventory (assume zero) = 0
Direct materials to be purchased: 11,440 lbs
6. Budgeted Cost of Direct Material Purchases for February:
Direct material purchase price: $10.00 per lb
Direct materials to be purchased: 11,440 lbs
Budgeted cost of direct materials purchases: $10.00 per lb × 11,440 lbs = $114,400
7. Budgeted Cost of Direct Material Used for February:
Direct materials used in production: 10,400 lbs
Direct material purchase price: $10.00 per lb
Budgeted cost of direct materials used: $10.00 per lb × 10,400 lbs = $104,000
8. Direct Labor Needed for Production for February:
Direct labor required per unit: 8 hours
Total direct labor required: 1,040 units × 8 hours per unit = 8,320 hours
9. Budgeted Cost of Direct Labor Used for February:
Direct labor hours required: 8,320 hours
Direct labor rate: $12.50 per hour
Budgeted cost of direct labor used: 8,320 hours × $12.50 per hour = $104,000
10. Budgeted Factory Overhead Costs for February:
Variable factory overhead rate: $20.00 per direct labor hour
Fixed factory overhead: $40.00 per direct labor hour × 8,000 standard direct labor hours per month ÷ 12 months = $26,667
Total factory overhead: ($20.00 per hour × 8,320 direct labor hours) + $26,667 = $186,667
11. Budgeted Cost of Goods Sold for February:
Direct materials: $104,000
Direct labor: $104,000
12. Prepare a simple Budgeted Income Statement for February.
Barker Company
Budgeted Income Statement
For the Month Ended February 28
Sales (1,200 units x $1,000) $1,200,000
Cost of goods sold:
Direct materials used $100,000
Direct labor 120,000
Factory overhead 40,000
Total manufacturing costs 260,000
Add: Beginning finished goods inventory 0
Less: Ending finished goods inventory (5% x 1,200 units x $1,000) (60,000)
Cost of goods sold 200,000
Gross profit 1,000,000
Selling and administrative expenses:
Variable (20% x $1,200,000) 240,000
Fixed 250,000
Total selling and administrative expenses 490,000
Net operating income $510,000
13. Prepare a cash budget for February.
Barker Company
Cash Budget
For the Month Ended February 28
Beginning cash balance $10,000
Cash receipts:
Cash sales (20% x 1,200 units x $1,000) $240,000
Collections on credit sales:
January sales (60% x 1,000 units x $1,000) 600,000
February sales (38% x 1,200 units x $1,000) 456,000
Total collections 1,296,000
Total cash available 1,306,000
Cash disbursements:
Direct materials purchases $100,000
Direct labor 120,000
Factory overhead 40,000
Selling and administrative expenses:
Variable (20% x $1,200,000) 240,000
Fixed 250,000
Total cash disbursements 750,000
Excess (deficiency) of cash receipts over disbursements $556,000
Financing:
Short-term loan (if necessary) 0
Ending cash balance $556,000
It should be noted that the cash budget assumes that all cash payments for direct materials, direct labor, factory overhead, and selling and administrative expenses are paid in the same month. The cash budget also assumes that all current purchases of direct materials, direct labor, factory overhead, and selling and administrative items will be paid for during the current period.
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Three levels of help human services organizations to achieve goals they develop for their clients.
Answers
Answer:
The three levels of help human services organisations provide are Macro, Mezzo and Micro.
Explanation:
Macro Level
This is focused on a higher scale and includes work like program development, community-based initiatives, policy changes etc. The type of organisations working at this level includes government agencies, non-profit companies and/or advocacy groups.
Mezzo Level
This is concentrated on a intermediate scale involving smaller groups. Examples of such practices includes helping those who are victims of criminal activity.
Micro Level
This type of work is focused on individual levels like helping people to provide them with their basic needs like food, clothes and/or home. This also includes work like counselling and family therapy.
Answer:
I think the answer may be:
Three levels of intervention help human services organizations to achieve goals they develop for their clients
Explanation:
I'm not even 100% positive about this, but I saw this answer on another site!
Tyrone and Akira, who are married, incurred and paid the following amounts of interest during 2019:
Home acquisition debt interest $ 15,000
Credit card interest 5,000
Home equity loan interest (used for home improvement) 6,500
Investment interest expense 10,000
Required: With 2019 net investment income of $2,000, calculate the amount of their allowable deduction for investment interest expense and their total deduction for allowable interest. Home acquisition principal, and the home equity loan principal combined are less than $750,000.
Answers
Answer:
The Investment Interest (limited to Investment income) = $2,000
Allowance deduction for Interest
Investment interest $2,000
Home acquisition debt interest $15,000
Home equity loan interest $6,500
$23,500 - Before phase out limits
Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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Which of the following tasks would be very difficult using only a keyboard and text?
Renaming a file
Drawing a picture
Writing a document
Playing games
Sending an e-mail
Answers
Answer:Which of the following tasks would be very difficult using only a keyboard and text?
Renaming a file
Drawing a picture
Writing a document
Playing games
Sending an e-mail
Explanation:
Drawing a picture, tasks would be very difficult using only a keyboard and text. Therefore, option (b) is correct.
What is keyboard?
The term keyboard refers to the optical of the computer. A person used the keyboard as the mainly work to the typing. The keyboard as the multitasking work as the included the letters, numbers, symbols, and the F1 to F12, signs. and the other things as the included to the easy the work.
Drawings are mainly done by hand. However, as technology advanced, the computer became the feature that was used to draw the drawing. The computer, as the icon, paints the drawing with many options like as forms, brushes, different shades of color, and other tools. However, utilizing the keyboard is a more challenging.
Therefore, option (b) is correct.
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Help please thank you
Whispering Winds Corporation reported net cash provided by operating activities of $364,900, net cash used by investing activities of $154,300, and net cash provided by financing activities of $75,400. In addition, cash spent for capital assets during the period was $202,500. No dividends were paid.
Calculate free cash flow.
Answers
If in addition, cash spent for capital assets during the period was $202,500. The free cash flow is: $162,400.
What is the free cash flow?Free cash flow is a measure of a company's cash flow available for distribution to investors or for other purposes such as debt repayment, capital expenditures, and acquisitions. It is calculated as operating cash flow minus capital expenditures.
Net cash provided by operating activities = $364,900
Cash spent for capital assets = $202,500
Free cash flow = Net cash provided by operating activities - Cash spent for capital assets
Free cash flow = $364,900 - $202,500
Free cash flow = $162,400
Therefore, the free cash flow is $162,400.
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Early in 2021, the Excalibur Company began developing a new software package to be marketed. The project was completed in December 2021 at a cost of $36 million. Of this amount, $24 million was spent before technological feasibility was established. Excalibur expects a useful life of five years for the new product with total revenues of $60 million. During 2022, revenue of $18 million was recognized. Required: 1. Prepare a journal entry to record the 2021 development costs. 2. Calculate the required amortization for 2022. 3. Determine the amount to report for the computer software costs in the December 31, 2022, balance sheet.
Answers
Answer:
Dr research and development expense $24,000,000
Dr computer software costs $12,000,000
Cr Cash $36,000,000
Amortization is $3,600,000
Balance sheet balance in 2022 is $8,400,000
Explanation:
The cash of $36 million spent would be credited to cash account as an outflow of cash while $24 million would be debited to research and development expense account with the balance of $12 debited to computer software costs as asset
amortization for 2022=cost of software*revenue in 2022/total estimated revenue=$12,000,000*$18,000,000/$60,000,000=$3,600,00
Amount of computer software at 31 December 2022=$12,000,000-$3,600,000=$ 8,400,000
Given the information below, calculate the net cash provided from operating activities for Baskin Peter Pty. Ltd.
Receipts from customers $279,247
Payments for property, plant & equipment $42,310
Interest paid $4,231
Proceeds from issue shares $25,836
Payments to supplier and employees $220,013
Repayment of borrowings $53,331
GST paid $16,924
Payments for motor vehicle $37,985
Interest received $6,770
Select one:
$61,773
$44,849
$55,345
$49,080
Answers
The cash inflows from operating activities are:
Receipts from customers: $279,247
Interest received: $6,770
Total cash inflows from operating activities: $286,017
The cash outflows from operating activities are:
Payments to suppliers and employees: $220,013
GST paid: $16,924
Total cash outflows from operating activities: $236,937
Therefore, the net cash provided from operating activities is:
Net cash provided from operating activities = Cash inflows from operating activities - Cash outflows from operating activities
Net cash provided from operating activities = $286,017 - $236,937
Net cash provided from operating activities = $49,080
Therefore, the net cash provided from operating activities for Baskin Peter Pty. Ltd. is $49,080.
So the answer is D) $49,080.
A manufacturer of programmable calculators is attempting to determine a reasonable free- service period for a model it will introduce shortly. The manager of product testing has indicated that the calculators have an expected life of 30 months. Assume product life can be described by an exponential distribution.
a. If service contracts are offered for the expected life of the calculator, what percentage of those sold would be expected to fail during the service period?
b. What service period would result in a failure rate of approximately 10 percent?
Answers
Answer:
a. P(failure before T) = 1 - e^(-(T/MTBF)).................(1)
Where e = value obtained from table, T = Length of service before failure, MTBF = 30, Mean time before failure = 30 months
P = 1 - e^(-(T/MTBF))
P = 1 - e^(-(30/30))
P = 1 - 0.3679
P = 0.6321
So, 63.21% of sold product would all during the service period if service contracts are offered for expected life of the calculator
b. Here, the value of P is given. P = 10% = 0.10
1 - e^(-(T/MTBF)) = 0.10
e^(-(T/30) = 0.90
T/30 = 0.10
T = 0.10*30
T = 3 months
So, the service period would be 3 month that result in failure rate of 10%
a taxpayer may exclude which of the following from their gross income?
A. an allocation of income from a business structured as a partnership, based on the taxpayers percentage of ownership.
B. dividend income from a mutual fund investment.
C. gain from the sale of rental property.
D. life insurance if paid by reason of death of the insured
Answers
Answer:
D. life insurance if paid by reason of death of the insured
Explanation:
You want to know which of business income, dividend income, rental property sale proceeds, or life insurance can be excluded from gross income.
Life insuranceThe death benefit paid by a life insurance policy is not taxable and may be excluded from gross income. Any interest it may have earned is taxable and should be reported.
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What can a speaker do to ensure that they are respectful of their audience, especially when speaking to a skeptical audience or an audience that has different values than their own?
Answers
ANSWER
Always state the facts pertaining to your speech.
Always avoid stereotypes during a speech.
Never bash or be bias.
Remain objective.
Have respect for the people and their values as well as beliefs .
Explanation:
How to get a series 7 license
Answers
Take and Pass SIE exam
Secure a Sponsorship
Study for series 7 exam
Pass it :)
2 years is $24,234. Determine the present value amount, using the following partial table of present value of $1 at compound interest
Answers
The present value amount, given the principal and the partial table of the present value, will be $20,017.28
How to find the present value amount?The present value amount will be the current value of an amount that is denoted in future terms. To find this amount, you need to discount the future amount by a certain discount interest rate, and the number of periods into the future.
The interest rate here is 10% and the amount in 2 years is $24, 234.
Given the partial table of present value of $1 at compound interest, we known that the discount factor for 2 years at 10% is 0.826.
The present value of $24, 234 from two years in the future, in the present is:
= Future value amount x Present value factor for 2 years, 10 %
= 24, 234 x 0.826
= $20, 017.28
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Identify at least five different careers in the Education and Training or Government and Public Administration clusters you could pursue in your home state, and choose the three that appeal to you the most. Out of the three, write a one-page essay describing which one would be your career choice and the educational pathway that you would have to follow in order to obtain that career. Finally, identify at least three colleges, universities, or training programs that are suited to that career choice. You can use the following resources to help you:
Answers
Answer:
Hydrologist
Architect
Naval architect
Architectural or civil drafter
Materials lab and supply technician
Explanation:
(Learning Outcome 2) Watson Plumbing performed plumbing services for ABC Daycare on account for $565. How will this transaction affect ABC Daycare's accounting equation?
Answers
Answer:
ABC Daycare
Effect of Performing Plumbing Services on account on the Accounting Equation:
Assets (Accounts receivable) will increase by $565 and Equity (Retained Earnings) will equally increase by $565
Explanation:
a) Data and Analysis:
Accounts receivable $565 Service Revenue $565
The accounting equation that equals assets to liabilities and equity is always true at all times and with every correctly posted transaction. It implies that assets are financed through the contributions made by either the owners (equity) or the creditors (debts), or a combination of the two. This equation forms the basis for the double-entry system of financial accounting.
a pregnant employee who violated several attendance rules due to her physical conditions. She is about to get fire by hr manager of the company.discuss what business ethics issues present on this situation. what can be done?
Answers
Answer:
answer is no
Explanation:
You cannot be fired for being pregnant under most circumstances.employers from terminating employees due to pregnancy and pregnancy-related conditions
Cathy wants to purchase an annuity where she can withdraw $15,000 at the beginning of each year for the next 25 years. She expects to earn 8% compounded annually on her investment. How much should she pay for the annuity?
Answers
Answer:
hmm idk i dk
Explanation:
Suzy works for a company that markets timeshare condos on beach resorts in Mexico. Her job is to phone consumers and invite them to a free weekend at one of her employer's beach resorts. The only catch is that visitors are obliged to take a tour and listen to a presentation about investing in a timeshare. Which orientation is Suzy's company exhibiting?
Answers
Answer:
Sales orientation
Explanation:
Sales Orientation is a business approach of making profits by focusing on persuasion of people to buy the products instead of understanding the customer needs
Which is a commodity someone might invest in?
a) a mutual fund
b) natural resources
c) government bonds
d) a certificate of deposit
Answers
Answer:
b) natural resources
Explanation:
Natural resources refer to valuable materials found beneath, above, and on the earth's surface. They are naturally occurring, meaning no human effort is required in producing them. Natural resources make a good source of wealth. Examples of natural resources are land, mineral, oils and gas, forests, water, sunlight, wind, and many others.
Anyone with access to natural resources can invest to make them marketable products. Extraction of oil and refining is an example of investing in natural resources. Processing of trees to wood, use of solar to generate power are other examples.
Answer B) natural resources.
Explanation:
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Which measure of prices includes all of the final goods and services in a nation's
output?
Answers
The GDP deflator measure of prices includes all of the final goods and services in a nation's output.
The implicit price deflator and GDP price deflator are other names for the GDP deflator. It will make it easier to gauge how much the pricing of various commodities and services produced inside an economy have changed. This is also used by economists to compare the real level of economic activity in one economy from one year to the next.
The quantity of goods created in an economy with the use of labor, equipment, and raw materials that are available for sale in the market to customers and contribute to the creation of profit is known as output.
The main quantitative indicator of economic activity is the gross domestic product. It is a measurement of the total market value of all finished goods and services produced within a nation's borders in a given year.
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in 2022, santiago and amy are married and file a joint tax return. they have three dependent children, ages 12, 14, and 19. all parties are u.s. citizens. the couple's agi is $140,000. determine any available child tax credit and dependent tax credit. santiago and amy's child tax credit for 2022 is $fill in the blank 1 4,000 and dependent tax credit is $
Answers
Santiago and Amy's AGI is below the $400,000 phaseout barrier, so the whole $4,500 credit ($4,000 adding $500) is valid.
For married couples filing jointly, what is the child tax credit cutoff?If your modified AGI in 2021 reaches $150,000 if you are married and filing a joint return, or $112,500 if you are filing as a qualifying widow or widower, or $75,000 if you are single or married and filing a separate return, the Kid Tax Credit starts to be cut to $2,000 per child.For both of their children, who are 12 and 14, Santiago and Amy are eligible for a child tax credit of $2,000 ($2,000 x 2 kids), or $4,000 total. The parent's 18-year-old child is also entitled for a $500 dependent tax credit (this child is not under age 17 and, therefore, not eligible for the child tax credit).Santiago and Amy's AGI is below the $400,000 phaseout barrier, so the whole $4,500 credit ($4,000 + $500) is valid.To learn more about Kid Tax Credit refer to:
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Building a Convention Center Congratidatans You have just been appointed to your city council You discover that a hot topic soon to be brought before the council is the construction of a convention cen for Your initial research shows that several midsized cities are considering the construction of a convention conter as a way of increasing economic activity including job creation. The challenge that these cities face is how to finance the convention center-projected costs are $100 million. Voters inay resisl a ballot to increase local taxes (either property or sales), however, there is the transient occupancy tax TOT-that consists of taxes paid by people at local hotels. However, that tax is already earmarked for various local charities - and as we know all good politicians want to get reclected. Therefore, voting against several worthy causes would not be popular.
DISCUSSION QUESTIONS
1. How can the center be financed and buill? The city could float a bond on the market, or could raise the TOT tax, but that might dissuade some groups from coming to your city because other cities have lower TOTS.
2. What would you do in this situation?
3. What information would you need in order to make the best decision if faced with deciding to support or op pose the convention center?
Answers
1) In order to finance and build a convention center, there are a few different options that could be considered. One option would be to float a bond on the market, another option would be to raise the TOT tax.
2) In this situation, as a member of the city council, I would want to gather as much information as possible about the potential benefits and drawbacks of building a convention center.
3) In order to make the best decision about whether to support or oppose the convention center, I would need to have a clear understanding of the potential costs and benefits, as well as the level of community support for the project.
1) In order to finance and build a convention center, there are a few different options that could be considered. One option would be to float a bond on the market, which would allow the city to borrow the money needed to build the center and pay it back over time with interest. Another option would be to raise the TOT tax, although this may not be popular with voters or with the local hotels that would be impacted. Ultimately, the best solution would depend on a variety of factors, including the local economic climate, the level of support for the project among voters and community leaders, and the potential impact on local businesses and job creation.
2) In this situation, as a member of the city council, I would want to gather as much information as possible about the potential benefits and drawbacks of building a convention center. This might include consulting with experts in the fields of economic development, tourism, and urban planning, as well as gathering input from local residents and businesses. I would also want to explore alternative financing options and consider the potential impact on the local economy and quality of life.
3) In order to make the best decision about whether to support or oppose the convention center, I would need to have a clear understanding of the potential costs and benefits, as well as the level of community support for the project. This might involve conducting surveys or focus groups to gather feedback from residents, as well as reviewing economic impact studies and other relevant data. Ultimately, my decision would be guided by a commitment to promoting economic growth and job creation, while also ensuring that the needs and concerns of local residents and businesses are taken into account.
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Ronald is interviewing at a large orthopedic clinic for a job that includes the duties of submitting claims for reimbursement, reviewing denials, settling billing matters, applying general accounting principles, and dealing with any other issues or follow-up on claims. Identify the area in which Ronald will be working.
(A) Deterministic algorithm
(B) Revenue cycle
(C) R-ADT
(D) Chargemaster
Answers
The area in which Ronald would be working in the Orthopedic clinic for the specified job is:
(D) ChargemasterWho is a Chargemaster?This refers to the person whose job in a hospital is to provide billing information to patients, and is also in charge of claims and also general accounting principles.
With this in mind, we can see that the area which Ronald would be working in the Orthopedic clinic if he gets the job would be Chargemaster as he in charge of overall accounting and billing duties.
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g Georgia Company reported total assets of $6,400,000 and net income of $510,000 for the current year. Risers determined that inventory was understated by $138,000 at the beginning of the year and $60,000 at the end of the year. What is the corrected amount for total assets and net income for the year
Answers
Answer:the corrected amount for total assets and net income for the year is $6,460,000 and $432, 000 respectively.
Explanation:
Georgia Company reported
total assets= $6,400,000
net income of $510,000 for the Current year
Inventory at the beginning of the year= $138,000
Inventory at the end of the year= $60,000
The corrected amount for the total assets is as follows
= Reported total assets + Inventory at the end of the year
= $6,400,000+$60,000
= $6,460,000
The corrected amount for the net income is as follows
=Net income of current year - Inventory at the beginning of the year + Inventory at the end of the year
= $510,000 -$138,000 +$60,000
=$432, 000
Hence the corrected amount for total assets and net income for the year is $6,460,000 and $432, 000 respectively.
You discover that your supervisor/team leader stole a password and she has been secretly logging into the computer of another team leader to get information about their team’s funding sources. She is aware that you caught her and tells you that this information has helped your team stay competitive and get ahead. She prefers that you keep her secret. How would you handle this situation?
Answers
Answer:
I would probably tell him/her that I wouldn't really keep it a secret if she keeps doing the same things over and OVER again the first time I would keep it a secret though if she does it again I'll have to tell someone right away.
Explanation: