TRUE/FALSE. Luther and Lexi are married and file a joint return. Luther and Lexi were enrolled in their Marketplace second lowest cost silver (SLCSP) high deductible health plan (HDHP) with family coverage for all of 2022.Their annual enrollment premium was $7,000. They did not receive the benefit of an Advance Premium Tax Credit (APTC). Lexi and Luther's modified adjusted gross income (MAGI) for 2022 is $70,000. This is more than 400% of the Federal Poverty Line (FPL) for the contiguous 48 states, where they live. In 2022, Lexi contributed $2,300 to her Health Savings Account (HSA). Of that amount, $1,300 was made pretax through her employer’s cafeteria plan. She received Form W-2 from her employer reporting this amount in Box 12a, with code W. She made the remaining $1,000 contribution by electronic deposit into the HSA from her checking account. Luther did not contribute to his HSA in 2022. Luther's Form 1099-SA shows a distribution from his HSA of $500. They have receipts showing they paid $200 for new eyeglasses for Luther, $250 for over the counter allergy medicine for Luther, and $100 for Lexi's doctor visit copays. Luther and Lexi donated $450 by check to their local food bank. The food bank is a qualified organization and provided Luther and Lexi with a written acknowledgment of their donation. They contributed $50 in cash to a local family in need. They also donated clothing in good condition with fair market value of $200 to Goodwill. They have a receipt for the donation. Luther and Lexi are U.S. citizens with valid Social Security numbers. They do not have enough expenses to itemize their deductions. 7. Of Luther's Form 1099-SA amount, $50 is taxable because Luther can’t use money from his HSA to pay for Lexi’s medical expenses.
Answers
Incorrect, Luther's HSA distribution of $500 is taxable as it was not utilised to cover qualifying medical costs. The inability of Luther to cover Lexi's medical costs with funds from his HSA, however, is unimportant.
HSA contribution is what?A particular form of savings account that lets you set aside cash before taxes for allowable medical expenses. by utilising tax-free funds from a health savings account to cover some costs, such as deductibles, copayments, and coinsurance.
How can I get my extra HSA donations back?Fill out the HSA Distribution Request form and select Excess Contribution Removal as the request's justification to remove excess contributions. if your company makes a mistake with your contributions and you have too many contributions.
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Related Questions
a) From the following list, decide which items are human needs and which wants:
luxury house
Shelter
Coca-Cola
car
clean water
designer jeans
clothing.
Answers
Answer:
needs: shelter, clean water, clothing
wants: luxury house, coca cola, designer jeans
Explanation:
while the rest are pretty straightforward a car is only a want because you don't necessarily need it, there are public transport
Needs:
Shelter
Clean Water
Clothing
Wants:
Luxury House
Coca-Cola
Car
Designer Jean
When you finish your budget, you should have:
A: money left over
B: more bills to pay
c: a zero balance
D: All of the choices
Answers
Answer:
Zero balance
Explanation:
Because you finished all your money.
Read this excerpt describing the mission of the World Bank.
The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the common sense. Instead, it plays a different but supportive role in its mission of global poverty reduction and the improvement of living standards.
It provides low-interest loans, interest-free credit, and grants to developing countries for education, health, infrastructure, communications, and many other purposes.
According to this excerpt, what is one major way in which the World Bank differs from a regular bank?
The World Bank is a source of financial assistance.
The World Bank aims to improve living standards.
The World Bank provides low-interest loans and credit.
The World Bank serves people of different income levels.
Answers
Answer:
The World Bank is a source of financial assistance.
Explanation:
The World Bank serves people of different income levels but regular banks do that.
The World Bank aims to improve living standards, no because it is more for hep developing countries.
The World Bank provides low-interest loans and credit but there is a better answer.
The World Bank is a source of financial assistance because it help developing countries and has easier loans and credit
The World Bank aims to improve living standards.
What is the role of the World Bank in globalization?The WBG supports developing countries through the development of trade policy to deepen their integration into regional and global economies and increase trade performance while facilitating trade through streamlined border management and more efficient logistics
What are the important global roles that World Bank plays?The World Bank concentrates on long-term investment projects, institution-building, and on social, environmental, and poverty issues. The IMF focuses on the functioning of the international monetary system, and on promoting sound macroeconomic policies as a precondition for sustained economic growth.
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Which of the following entry-level jobs requires a four-year college degree?
O A. Marketing researcher
B. Purchasing agent
C. Retail sales agent
D. Graphic designer
Answers
Answer:
Marketing researcher
Explanation:
A Marketing Researcher which is also known as marketing research analyst can be seen as a person or an individual which is responsible for helping to analyze information from marketing reports as well as helping to make recommendations based on his or her analysis because the MARKETING RESEARCHER recommendations enables and help the marketing team to know how they will strategize their projects and to maintain a steady base of great customers for the business.
Therefore MARKETING RESEARCHR is an entry-level jobs which requires a four-year college degree because a Market research analysts need a bachelor's degree in market research .
Answer:
A. Marketing researcher.
Explanation:
If you just look at the last part of the answer choices, the answer becomes kind of clear:
Marketing researcherPurchasing agentRetail sales agentGraphic designerWhich one do you think would get paid more? The researcher, the agent, or the designer?
Identify at least one benefit and one disadvantage of both "simple" and "compounding"
interest. What are some of the reasons why someone might choose simple interest over
compounding interest? Why would one choose compounding interest over simple
interest? Given the information you have from the article, and other sources, which
would "you" choose, and why.
Answers
An advantage of simple interest is that it is simpler to understand and cheaper. Regarding the disadvantages, they are associated with the difficulty of being found and in case of delay there are higher associated fees.
Compounding interest, on the other hand, has the benefits of investment advantages, as funds grow more than simple interest over a period of time. The disadvantages are related to cost, which depending on economic factors can increase or decrease.
How to make good investments?Is necessary for the investor to be aware of the risks inherent in any investment, so the ideal is that the investment portfolio is varied, to mitigate the risks. Some other important tips are carrying out financial planning, knowing your investor profile and the discipline necessary to manage your investiments in an advantageous and profitable way.
Therefore, if a choice had to be made to invest, perhaps compound interest would be a better option, as it has a higher yield over time.
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1) Robolane Incorporated manufactures and distributes small robotic toys. Because most of its orders are via telephone or fax, numerous orders have to be reworked. The average cost of the reworked orders is $12.45: $5 for labor, $5.15 for more materials, and $2.30 for overhead. This ratio of costs holds for the average original order. On a recent day, the shop reworked 80 orders out of 800. The original cost of the 80 orders totaled $2,000. The average cost of all orders is $26.245, including rework, with an average selling price of $35. Required: Prepare the necessary journal entry to record the rework for the day if the shop charges such activities to Robo Department Overhead Control. Prepare journal entries to record all relevant rework charges as well as to transfer the reworked items finished goods to Finished Goods Inventory.
Answers
Answer:
Following are the Journal entries to the given question:
Explanation:
Accounts Dr Cr
Robo Department Overhead Control 996
Materials Control \((80 \times 5.15) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 412\)
Wages Payable \((80\times 5)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 400\)
Shop overhead control\((80\times 2.30) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 184\)
Finished Goods \(2000\)
Work in process control \(2000\)
What words come to mind, both positive and negative, when you think about budgeting?
Answers
Answer:
Positive:
-Managing money
-Saves money for other things
Negative:
-May be hard to budget if you need a lot
Hope this helps! These are just what come to mind in my opinion.
The data on price and quantity purchased relating to a commodity for 10 months are given
below:Calculate coefficient of correlation between price and quantity.
Answers
Price and number of goods purchased are inversely correlated. Consequently, price rises as quantity rises.
What is data on price ?Pricing Data is accurate information on the costs of goods that are strikingly comparable to those being purchased. Prices are used interchangeably in this definition to refer to actual selling prices as well as suggested or prospective selling prices. Data pertinent to both primary and subcontract prices are referred to in the definition. Data may consist of specific costs, weights, addresses, names, ages, temperatures, dates, or distances, for instance. Data is a basic type of knowledge and has no meaning or use by itself. In other words, facts must be interpreted in order to have any significance. A pricing list again for new term has been sent by the Contractor to authorized buyers.
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#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
Answers
Bob produces Blu-ray movies for sale, which requires a building and a machine that copies the original movie onto a Blu-ray. Bob rents a building for $30,000 per month and rents a machine for $20,000 a month. Those are his fixed costs. His variable cost per month is given in the accompanying table.b)There is free entry into the industry, and anyone who enters will face the same costs as Bob. Suppose that currently the price of a Blu-ray is $25. What will Bob's profit be? Is this a long-run equilibrium? If not, what will the price of Blu-ray movies be in the long run?
Answers
Answer:
calculate Bob's profit:
Quantity (Q) Variable Cost (VC) Total Cost (TC) Total Revenue (TR) Profit (π)
0 - $50,000 $0 -$50,000
1,000 $10,000 $60,000 $25,000 -$35,000
2,000 $15,000 $65,000 $50,000 -$15,000
3,000 $20,000 $70,000 $75,000 $5,000
4,000 $25,000 $75,000 $100,000 $25,000
5,000 $30,000 $80,000 $125,000 $45,000
Bob's profit at the current price of $25 is $45,000 when he produces and sells 5,000 Blu-ray movies per month. This is not a long-run equilibrium because there is still profit to be made in the industry, so new firms will enter and increase the supply of Blu-ray movies, causing the price to decrease. In the long run, the price of Blu-ray movies will decrease to the point where the profit of each firm is zero (i.e., at the point where the price equals the minimum average total cost of production).
Explanation:
ABOVE
Dmitri bought a $1,000 bond at par value with a coupon rate of 5 percent. He determines the yield by dividing the amount of interest he earns by the price.
a. How much interest would he earn in the first year and what would be the yield?
b. How much interest would he earn in the first year and what would be the yield if he had paid $950 for the bond? What would be the interest and yield if he paid $1,050?
This is not a multiple choice question, please answer both parts if you can.
Answers
a. Dmitri would earn $50 in interest in the first year (5% of $1,000). The yield would be 5%, calculated as $50 interest divided by $1,000 price.
b. If Dmitri paid $950 for the bond, he would still earn $50 in interest in the first year (5% of $1,000), but his yield would increase to 5.26%, calculated as $50 interest divided by $950 price. If he paid $1,050 for the bond, he would also earn $50 in interest in the first year (5% of $1,000), but his yield would decrease to 4.76%, calculated as $50 interest divided by $1,050 price.
According to a 2018 article in Esquire magazine, approximately 70% of males over age will develop cancerous cells in their prostate. Prostate cancer is second only to skin cancer as the most common form of cancer for males in the United States. One of the most common tests for the detection of prostate cancer is the prostate-specific antigen (PSA) test. However, this test is known to have a high false-positive rate (tests that come back positive for cancer when no cancer is present). Suppose there is a 0.02 probability that a male patient has prostate cancer before testing. The probability of a false-positive test is 0.75, and the probability of a false-negative (no indication of cancer when cancer is actually present) is 0.20.
Let C = event male patient has prostate cancer
+ = positive PSA test for prostate cancer
- = negative PSA test for prostate cancer
a. What is the probability that the male patient has prostate cancer if the PSA test comes back positive (to 4 decimals)?
0.0214 [I did this part correctly but I had trouble finding the other parts, they kept marking them incorrectly]
b. What is the probability that the male patient has prostate cancer if the PSA test comes back negative (to 4 decimals)?
c. For older men, the prior probability of having cancer increases. Suppose that the prior probability of the male patient is 0.3 rather than 0.02. What is the probability that the male patient has prostate cancer if the PSA test comes back positive (to 4 decimals)?
d. What is the probability that the male patient has prostate cancer if the PSA test comes back negative (to 4 decimals)?
Answers
Answer:
a) Probability of prostrate cancer given a positive test is P(C|+) = 0.0213
b) Probability of cancer given a negative test is P(C|-) = 0.0161
c) Probability of prostrate cancer given a positive test is P(C|+) = 0.3137
d) Probability of cancer given a negative test is P(C|-) = 0.2553
Explanation:
Probability male patient has prostate cancer, P(C) = 0.02
Probability male patient does not have prostrate cancer P(C') = 1 - 0.02 = 0.98
Probability of a positive test given there is no cancer, i.e. P(false positive) = P(+|C') = 0.75
P(negative test given there is cancer) = P(false negative) = P(-|C) = 0.2
P(negative test given there is no cancer) is the complement of P(+|C') = P(-|C') = 1 - 0.75 = 0.25
Probability of positive test given there is prostrate cancer, P(+|C) is the complement of P(-|C), = 1 - 0.2 = 0.8.
a) Probability of prostrate cancer given a positive test is P(C|+)
According to Baye's theorem, P(C|+) = P(+|C)P(C)/P(+)
For P(+), we use the Law Of Total Probability: P(+) = P(+|C)P(C) + P(+|C')P(C')
P(+) = (0.8 * 0.02) + (0.75 * 0.98) = 0.751
Therefore, P(C|+) = P(+|C)P(C)/P(+)
P(C|+) = (0.8 * 0.02)/0.751 = 0.0213
b) Probability of cancer given a negative test is P(C|-)
According to Baye's theorem, P(C|-) = P(-|C)P(C)/P(-)
P(-) = P(-|C)P(C) + P(-|C')P(C')
P(-) = (0.2 * 0.02) + (0.25 * 0.98) = 0.249
Therefore, P(C|-) = (0.2 * 0.02)/0.249
P(C|-) = 0.0161
Part 2: Given the following;
Probability male patient has prostate cancer, P(C) = 0.3
Probability male patient does not have prostrate cancer P(C') = 1 - 0.3 = 0.70
Probability of a positive test given there is no cancer, i.e. P(false positive) = P(+|C') = = 0.75
P(negative test given there is cancer) = P(false negative) = P(-|C) = 0.2
P(negative test given there is no cancer) is the complement of P(+|C') = P(-|C') = 1 - 0.75 = 0.25
Probability of positive test given there is prostrate cancer, P(+|C) is the complement of P(-|C), = 1 - 0.2 = 0.8.
c) Probability of prostrate cancer given a positive test is P(C|+)
According to Baye's theorem, P(C|+) = P(+|C)P(C)/P(+)
For P(+), we use the Law Of Total Probability: P(+) = P(+|C)P(C) + P(+|C')P(C')
P(+) = (0.8 * 0.3) + (0.75 * 0.7) = 0.751
Therefore, P(C|+) = P(+|C)P(C)/P(+)
P(C|+) = (0.8 * 0.3)/0.765 = 0.3137
d) Probability of cancer given a negative test is P(C|-)
According to Baye's theorem, P(C|-) = P(-|C)P(C)/P(-)
P(-) = P(-|C)P(C) + P(-|C')P(C')
P(-) = (0.2 * 0.3) + (0.25 * 0.7) = 0.235
Therefore, P(C|-) = (0.2 * 0.3)/0.235
P(C|-) = 0.2553
Prostate cancer is a type of cancer that can be detected by the PSA test. The probability of prostate cancer given a positive test is 0.0213 and 0.3137.
What is PSA?Prostate-specific antigen (PSA) test is a diagnostic test that screens for prostate cancer and is a blood test.
Given,
Probability of prostate cancer P(C) = 0.02
Probability of absence of prostate cancer P(C') = 0.98
Probability of false positive P(+|C') = 0.75
Probability of false negative P(-|C) = 0.2
Probability of absence of cancer in negative test = 0.25
Probability of presence of cancer in positive test = 0.8
The probability of the male patient suffering from prostate cancer in case of a PSA reading of 0.0214 is,
By Baye's theorem:
\(\begin{aligned} \rm P(C|+) &= \rm \dfrac{ P(+|C)P(C)}{P(+)}\\\\\rm P(+) &= (0.8 \times 0.02) + (0.75 \times 0.98)\\\\&= \dfrac{(0.8 \times 0.02)}{0.751} \\\\&= 0.0213\end{aligned}\)
The probability of cancer given a negative test P(C|-) is calculated as:
\(\begin{aligned} \rm P(-) &= \rm P(-|C)P(C) + P(-|C')P(C')\\\\\rm P(C|-) &= \dfrac{(0.2 \times 0.02)}{0.249}\\\\&= 0.0161\end{aligned}\)
For the next part, the probability of prostate cancer given a positive test P(C|+) is calculated as:
\(\begin{aligned} \rm P(C|+) &= \rm \dfrac{P(+|C)P(C)}{P(+)}\\\\\rm P(C|+) &= \dfrac{(0.8 \times 0.3)}{0.765} \\\\&= 0.3137\end{aligned}\)
The probability of cancer given a negative test P(C|-) is calculated as:
\(\begin{aligned} \rm P(-) &= \rm P(-|C)P(C) + P(-|C')P(C')\\\\\rm P(C|-) &= \dfrac{(0.2 \times 0.3)}{0.235}\\\\& = 0.2553\end{aligned}\)
Therefore, the probability of prostate cancer with a positive test is 0.0213.
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Which option identifies the marketing strategy demonstrated in the following scenario?
Department stores often have their own credit cards and mailings sent to card holders that offer incentives such as
percent discounts and early hour shopping days.
O product packaging
customer loyalty
O advertising
word-of-mouth
Answers
Answer: customer loyalty
Explanation:
the difference between the authority and responsibility in an organizational hierarchy is called:
Answers
Delegation refers to the difference between authority and responsibility in an organizational hierarchy. It involves transferring certain tasks, duties, or decision-making powers from a higher-level position to a lower-level position within the hierarchy.
Authority refers to the power or right vested in a position or individual to make decisions, give orders, or take action within a specific scope. It represents the legitimate control and decision-making capacity associated with a particular position or role. On the other hand, responsibility refers to the obligation or duty to perform specific tasks, fulfill assigned roles, or achieve desired outcomes. It is the accountability for the successful completion of assigned duties. Delegation occurs when individuals or positions with higher authority transfer certain responsibilities or decision-making powers to individuals or positions with lower authority. It is a process that allows for the distribution of tasks, authority, and accountability within an organization. By delegating tasks, higher-level positions can focus on strategic decision-making, while lower-level positions gain autonomy and the opportunity to contribute to organizational goals.
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1. Legal environment of business is what makes the working of the enterprise harmonious. It accumulates every aspect which is remotely concerned with the business firm. The term "Legal Environment of business" relates to the code of conduct of any company.
true
false
Answers
Answer:
True
Explanation:
It is TRUE that The term "Legal Environment of business" relates to the code of conduct of any company.
The above statement is correct because the Legal Environment of business distinguishes the legal boundaries and the extent of legal plans of a company's executive decisions. It also defines the lawful time and operation of the firm.
Also, it helps in regulating the business activities of a firm, including the roles of the owners, equity shareholders, creditors, debtors, debenture holders, or any third party involved.
What health issue did Feiler face that led him to consider his family?
Answers
Is a 1979 one dollar coin rare?
Answers
The NGC Price Guide estimates that a circulating Susan B. Anthony Coin from 1979 is worth between $1.05 and $1.35 as of February 2023. On the open market, however, flawless, uncirculated 1979 D Silver Dollars can get up to $1950.
From 1979 to 1981 and again in 1999, the US Mint produced one-dollar coins honoring Susan B. Anthony. Although they are not frequently seen in circulation, they are rather ubiquitous and reasonably priced. There are select coins, nevertheless, that are worth more than your typical $1 Susan B. Anthony coin. If you have the correct knowledge, you can find out if you possess one of these priceless coins.
The United States Mint first made the Susan B. Anthony dollar available in 1979. They had high hopes for how well this new, smaller dollar would perform as legal tender in the US. To cut annual production costs by millions of dollars, the Treasury Department sought to eliminate paper dollar notes.
Although Susan B. Anthony's dollars are not typically collected by coin collectors, their appeal is beginning to grow. With a little assistance from your preferred coin dealer, you may easily finish a collection because the mint only made the coin for four years.
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ABC Corporation, has an issue of preferred stock outstanding that pays a $2.50 dividend every year in perpetuity. This stock issue currently sells for $75 per share. What is the required return for this preferred stock?
Answers
Answer:
the required return on the preferred stock is 3.33%
Explanation:
The computation of the required return on the preferred stock is shown below:
= Dividend ÷ Selling price per share
= $2.50 ÷ $75
= 3.33%
Hence, the required return on the preferred stock is 3.33%
We simply applied the above formula
do this document and I will give you 100 points send it back to me completed all the directions are on here.
Answers
Answer:
I like chicken
Explanation:
Why is it important for a human resource manager to carefully maintain
employee records?
Answers
Answer:
Certain records require employee privacy to be protected. Not maintaining and following best practices for employee record keeping leaves you vulnerable to defending yourself against lawsuits, labor investigations or audits.
Explanation:
Ruth is conducting a marketing/sales event. She indicates that attendees are welcome to take a promotional item if they wish, even if they do not enroll. The value of all giveaways does not exceed $15 per person. Did Ruth violate any marketing/sales event guidelines
Answers
Ruth does not violate any marketing or sales event guidelines.
Marketing or sales event guidelines refer to the rules and regulations implemented to ensure an ethical and professional level of conducting business. Such guidelines may also provide certain rules that one must adhere to, to ensure nothing is done illegally.
Guidelines are given or made as Code of Ethics wherein each company or have their own set of rules to be followed by the employees. In the given scenario, Ruth is conducting a marketing or sales event that involves giveaways. In her case, the giveaway is a promotional item below $15 per person. Per the guidelines, Ruth is allowed to let the attendees take the promotional item as long as the nominal retail value does not exceed $15 per person.Providing a promotional item during a marketing/sales event is legal and allowed as long as the item or service provided does not exceed the $15 per person. Thus, Ruth does not violate any event guidelines.
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Name a form of ownership that is represented by South African broadcasting corporation (SABC) and outline four characteristics of this form of ownership
Answers
Answer:
State ownership
Explanation:
State ownership, or government ownership, or public ownership, is a form of ownership were the government owns or partly owns as well has control over a business with the revenue from the business or establishment being added as benefits accruable to the welfare of the public
The characteristics of a state ownership are;
1) State ownership means that the government is the owner, or part owner of the establishment, where part ownership belongs to the public
2) The main purpose of a state owned business is not to make profit, but rather to provide public welfare, that benefits the residents of the country
3) The profits from the business are entered into the treasury of the state and are used to carry out public welfare projects
4) The employees of the government are the managers of the establishment which is subject to bureaucracy, and the business is operated with a state selected board of directors
5) The government determines the manner of stability present in the business, as well as the winding up of state owned businesses that have no function
6) The state owned business is operated by the laws and policy if the business and it is therefore recognized as an autonomous body
When an increase in demand for stand-up paddleboards rises, then the demand for skilled paddleboard shapers _____, and their marginal revenue product _____.
Answers
When there is a rise in the demand for stand-up paddleboards, there is also a rise in the need for competent paddleboard shapers and a rise in their marginal revenue product.
Demand for paddle board makers or shapers will rise as the demand for paddle boards develops because more paddle board makers are needed to produce more paddle boards. Prices When there is a rise in the demand for stand-up paddleboards, there is also a rise for paddle boards increase as demand for them increases.
A higher paddle board pricing will result in a higher marginal revenue product since the marginal revenue product is calculated by multiplying the paddle board's price by the maker's marginal product.
Marginal Product = Marginal Product * Paddle Board Price.
Due to increased demand, paddle board prices will increase, which will result in an increase in marginal revenue.
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As Moving to another question will save this response. uestion 7 The assumption that each business is accounted for separately from other businesses including its owner or owners is telerred to as A)
Answers
The assumption that each business is accounted for separately from other businesses, including its owner or owners, is referred to as:
A) Business Entity Assumption.
The Business Entity Assumption is a fundamental accounting principle that states that the financial affairs of a business should be kept separate from the personal affairs of its owner(s) or from any other business entities. According to this assumption, a business is treated as a distinct and separate entity, having its own assets, liabilities, income, and expenses.
This means that the financial transactions and records of the business should be maintained independently, and the business's financial statements should reflect only its own financial position and performance. The personal assets or liabilities of the owner(s) are not directly mixed with those of the business.
By following the Business Entity Assumption, it becomes easier to track and analyze the financial performance of a specific business entity. It allows for accurate reporting and evaluation of the business's financial health, making it possible to assess its profitability, liquidity, and overall financial position.
This assumption is particularly important in determining the ownership, control, and responsibility for the assets and liabilities of a business. It ensures transparency and clarity in financial reporting, enabling stakeholders, such as investors, creditors, and regulatory bodies, to make informed decisions based on reliable financial information.
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QS 20-27 Process cost summary C3 Anheuser-Busch InBev is attempting to reduce its water usage. How could a company manager use a process cost summary to determine if the program to reduce water usage is successful?
Answers
A company manager could use a process cost summary to determine if the program to reduce water usage is successful by analyzing the total cost per unit of production before and after the implementation of the program.
Process cost summary is a managerial accounting tool used to calculate the total cost of production by summarizing the costs of all activities involved in the production process. The summary includes direct materials, direct labor, and manufacturing overhead costs. The total cost per unit is calculated by dividing the total cost of production by the number of units produced.
By comparing the total cost per unit before and after the implementation of the program to reduce water usage, a company manager can determine if the program was successful in reducing costs related to water usage. If the total cost per unit decreases after the implementation of the program, it indicates that the program was successful in reducing water usage and related costs. On the other hand, if the total cost per unit remains the same or increases after the implementation of the program, it indicates that the program was not successful in reducing water usage and related costs.
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Kaman Company purchased a building and land with a fair market value of $450,000 (building, $350,000 and land, $100,000) on January 1, 2024. Kaman signed a 20-year, 7% mortgage payable. Kaman will make monthly payments of $3,488.85. Round to two decimal places. Explanations are not required for journal entries.
Answers
Answer:
Journals :
Land $350,000 (debit)
Building $100,000 (debit)
Mortgage Payable $450,000 (credit)
Explanation:
The Land and Building is Initially measured at cost of acquisition not the fair market value. The cost of Acquisition in this case is the Present Value of the Mortgage Payable used to obtain the Property.
Step 1
Use the Time Value of Money Techniques to find the Present Value of the Mortgage.
Calculation of Present Value of the Mortgage
N = 20 × 12 = 240
P/YR = 12
PMT = - $3,488.85
I = 7 %
FV = $ 0
PV = ?
Using a Financial Calculator to Input the Values as above, the Present Value of the Mortgage will be $450,000.
Step 2
When Recording, apportion the Land and Building costs using their fair market value.
Land $350,000 (debit)
Building $100,000 (debit)
Mortgage Payable $450,000 (credit)
Which function is used to inform, persuade, and remind potential
customers of a product or service?
Answers
Answer:
Promotional strategy
Explanation:
Promotion aims to stimulate demand for a company's goods or services. Promotional strategy is designed to inform, persuade, or remind target audiences about those products.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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If a company owns plants at various stages of the production process, this is called a: A. monopoly. B. conglomerate. C. vertical combination.
Answers
If a company owns plants at various stages of the production process, this is called a vertical combination. So, the correct answer is option C.
A vertical combination refers to a situation in which a company controls multiple stages of the production process, from raw materials to finished products. This allows the company to have more control over the quality of the product, as well as the costs involved in the production process.
For example, a company that produces cars may own plants for manufacturing car parts, assembling the cars, and even owning dealerships to sell the finished product. By controlling multiple stages of the production process, the company can streamline the process and potentially lower costs.
In contrast, a monopoly refers to a situation in which a single company dominates the market, while a conglomerate is a company that owns multiple unrelated businesses. A vertical combination is focused on controlling multiple stages of a specific production process.
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The way you spend your time and energy is your _____.
PLS DONT GUSS:(
career
lifestyle
occupation
leisure time
Answers
Answer:
Lifestyle
Explanation:
Because your lifestyle contains all of those things, it's the way you live your life and what you're both made to do and choose to do!
Answer:
Lifestyle
Explanation:
Your lifestyle is how you spend your time, energy, and resources