Ulnad Co has annual sales revenue of $6 million and all sales are on 30 days' credit, although customers on average take ten days more than this to pay. Contribution represents 60% of sales and the company currently has no bad debts. Accounts receivable are financed by an overdraft at an annual interest rate of 7%. Ulnad Co plans to offer an early settlement discount of 1.5% for payment within 15 days and to extend the maximum credit offered to 60 days. The company expects that these changes will increase annual credit sales by 5%, while also leading to additional incremental costs equal to 0.5% of turnover. The discount is expected to be taken by 30% of customers, with the remaining customers taking an average of 60 days to pay. Required: (a) Evaluate whether the proposed changes in credit policy will increase the profitability of Ulnad Co.
Answers
The proposed changes in credit policy are expected to increase the profitability of Ulnad Co.
By offering an early settlement discount of 1.5% for payment within 15 days, the company aims to encourage customers to pay earlier. This will reduce the average collection period and minimize the time it takes for customers to pay. As a result, the company will have a shorter cash conversion cycle and can use the funds to reduce its financing costs.
Additionally, by extending the maximum credit offered to 60 days, Ulnad Co is accommodating customers who require a longer payment period. This flexibility can attract more customers and increase sales.
The increase in annual credit sales by 5% will contribute to higher revenue. Although there will be additional incremental costs equal to 0.5% of turnover, the increased sales volume is expected to outweigh these costs, resulting in improved profitability.
Overall, the combination of reduced financing costs, increased sales, and manageable incremental costs suggests that the proposed changes in credit policy will enhance the profitability of Ulnad Co.
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Related Questions
Zappos' product selection includes performance athletic shoes, outdoor coats, contemporary shirts, couture accessories, and more. This selection best illustrates the firm's: a.product positioning. b.product line depth. c.market niche. d.product mix breadth.
Answers
Answer:
This is an example of product mix because it represents all of the company's product lines put together :)
What was the management decisions problem in the "Real Research
Major League Baseball Majors in Research" case? Was it appropriate?
Why or why not?
Answers
The main management decision problem in the "Real Research Major League Baseball Majors in Research" case was how to allocate the limited resources available for research projects in Major League Baseball (MLB). The problem was determining which research proposals to prioritize and fund based on their potential impact on the game and the overall goals of the MLB.
This decision problem was appropriate because the MLB wanted to leverage research to improve the game and make informed decisions. By allocating resources strategically, the league could invest in research projects that had the potential to yield valuable insights and drive positive changes in various aspects of the sport. The MLB recognized the importance of data-driven decision-making and sought to support research initiatives that could contribute to the advancement of the game.
In more detail, the MLB's decision problem was appropriate because it allowed them to focus on the most promising research projects. With limited resources, it was crucial to prioritize initiatives that were aligned with the MLB's objectives and had the potential to generate significant impact. By carefully evaluating research proposals, the league could identify projects that addressed pressing issues, such as player performance, injury prevention, rule changes, fan engagement, or competitive balance.
Furthermore, the decision problem was appropriate because it encouraged innovation and collaboration within the baseball research community. By funding select projects, the MLB could attract talented researchers and analysts, fostering an environment of knowledge sharing and continuous improvement. This approach helped create a network of experts dedicated to advancing the game through data-driven insights.
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A new smali business wants to know if its current radio advertising is effective. The owners decide to look at the mean number of customers who make a purchase in the sore on days immediately following days when the radio ads are played as compared to the mean for those days following days when no radio advertisements are played. They found that for 13 days following no advertisements, the mean was 23.9 purchasing customers with a standard deviation of 1.9 customers. On 6 days following advertising the mean was 24.7 purchasing customers with a standard deviation of 1.6 customers. Test the claim, at the 0.01 level, that the mean number of customers Who make a purchase in the store is lower for days following no advertising compared to days following advertising. Assume that both populations are approximately normal and that the population variances are equal. Let days following no advertisements be Population 1 and let days following advertising be Pogustion 2 Step 2 of 3 : Compute the value of the test statistic. Round your answer to three decimal places.
Answers
The test statistic value is -1.111, indicating a difference in mean customer purchases between days with no advertising and days with advertising.
To test the claim, we compare the mean number of purchasing customers on days following no advertising (Population 1) to the mean on days following advertising (Population 2). We are given the sample means, standard deviations, and sample sizes for both populations.
Step 1: Hypotheses
The null hypothesis (H0) states that there is no difference in the mean number of customers making a purchase between the two populations. The alternative hypothesis (Ha) states that the mean number of customers making a purchase is lower for days following no advertising compared to days following advertising.
Step 2: Test Statistic
To compute the test statistic, we use the formula:
t = (mean1 - mean2) / sqrt((s1^2/n1) + (s2^2/n2))
where mean1 and mean2 are the sample means, s1 and s2 are the sample standard deviations, and n1 and n2 are the sample sizes.
Substituting the given values into the formula, we get:
t = (23.9 - 24.7) / sqrt((1.9^2/13) + (1.6^2/6))
≈ -1.111
Step 3: Conclusion
To determine if the test statistic is statistically significant, we compare it to the critical value from the t-distribution table at the 0.01 level of significance. If the test statistic is less than the critical value, we reject the null hypothesis in favor of the alternative hypothesis.
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Fulbright County constructed a library in one of the county's high-growth areas. The construction was funded by a number of sources. Below is selected information related to the Library Capital Project Fund. All activity related to the library construction occurred within the current fiscal year. The county operates on a calendar-year basis. Required: Prepare a journal entry for capital projects fund and governmental activities at the government-wide level.
Answers
In the current fiscal year, Fulbright County constructed a library in a high-growth area, funded by various sources. The task requires preparing a journal entry for the Library Capital Project Fund and governmental activities at the government-wide level.
To provide a comprehensive answer, specific details regarding the funding sources and amounts involved in the library construction are required. However, in general, the journal entry for the Library Capital Project Fund would involve recording the sources of funding as credits to the fund's cash or revenue accounts, depending on the nature of the funds received. Simultaneously, the corresponding debits would be made to the appropriate accounts, such as construction expenditures or asset accounts, to reflect the capital project's costs or the acquisition of the library building.
At the governmental activities level in the government-wide financial statements, the journal entry would entail capitalizing the library building as a long-term asset, recognizing any related depreciation expenses, and reflecting the funding sources as revenues or grants received. These entries aim to accurately represent the financial impact of the library construction on the county's overall financial position and results of operations.
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_____ refer(s) to a decision bias influenced by the way in which a problem or decision alternative is phrased or presented
Answers
Framing effect refer(s) to a decision bias influenced by the way in which a problem or decision alternative is phrased or presented.
The framing effect is a cognitive bias where people's choices are influenced by the way options are presented to them. It occurs when people react differently to a choice depending on how it is framed or presented. For example, the same decision can be presented as a gain or a loss, and people tend to be more risk-averse when it is framed as a loss, and more risk-seeking when it is framed as a gain.
The framing effect can be influenced by various factors such as the context, the language used, and the presentation format. Understanding the framing effect can help individuals make more rational decisions by being aware of the way choices are presented to them.
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Elizabeth works for a local restaurant. At the end of her shift, she is required
to write in the time that she arrived and the time she is leaving so that she
can be paid appropriately. Today Elizabeth was 15 minutes late for work.
What would be the most ethical thing for Elizabeth to do?
Answers
The most ethical thing for Elizabeth to do is write down the actual time she arrived and the actual time she finished.
What is a Ethical values?A Ethical values are personal or business values that guide the way through which it is done while in compliance with laws and regulations.
Hence, in this case, the most ethical thing for Elizabeth to do is write down the actual time she arrived and the actual time she finished.
Therefore, the Option A is correct.
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Create a scenario for each word definition. (Total of 9 scenarios)
1-)Criticism - is the practice of judging the merits and faults of something. Criticism as an
evaluative or corrective exercise can occur in any area of human life. In specific areas of
human endeavor, the form of criticism can be highly specialized and technical; it often requires professional knowledge to understand the criticism.
2-) Disciplines - information literacy practices change based on the discipline (or what one is
studying or researching) to determine if information is relevant to the need
3-) Methods/techniques used to obtain or retrieve information.
The Web is potentially a terrific place to get information on almost any topic. Doing
research without leaving your desk sounds like a great idea, but all too often you end up
wasting precious time chasing down useless URLs.
4-)Accuracy - the document must be correct so you can put a point across
5-) Purpose - What is the author’s intention? Is the information fact, opinion, or propaganda? Is the author's point of view objective and impartial? Is the language free of emotion-rousing words or bias? Is the publication organized logically? Are the main points clearly presented? Do you find the text easy to read? Is the author repetitive?
6-) Proposals - a plan or suggestion, especially a formal or written one, put forward for
consideration or discussion by others.
7-) Copying - make a similar or identical version of; reproduce.
8-) Documentation - Every organization needs to save information for its own purposes,
such as institutional memory, transaction lookup and analysis, and so on.
9-) Recordkeeping – documents are duplicated or replaced
Answers
The scenarios are:
Scenario for Criticism: An art teacher critiques her students' paintings, pointing out the strengths and weaknesses of each one and offering suggestions for improvement.Scenario for Disciplines: A biology student searches for information about the impact of climate change on coral reefs. They must determine if the information they find is relevant to their field of study and if it can be trusted.Scenario for Methods/Techniques: A journalist uses multiple sources to fact-check information they find on the web. They use search engines, databases, and expert opinions to verify the accuracy of the information they collect.Scenario for Accuracy: A legal secretary is tasked with preparing a document that will be used in court. They must ensure that every detail in the document is correct and free of errors to avoid any legal consequences.What are the scenarios?The others are:
5. Scenario for Purpose: A reader evaluates the credibility of an article on climate change. They consider the author's point of view, the language used, the organization of the text, and the overall tone of the article.
6. Scenario for Proposals: A business owner presents a proposal to their partners to expand the company's operations into a new market. The proposal includes a detailed plan, financial projections, and a discussion of the potential risks and benefits.
7. Scenario for Copying: An office assistant makes a copy of an important document for each member of the management team. They take care to ensure that each copy is an exact replica of the original.
8. Scenario for Documentation: A human resources manager maintains a file for each employee, including their job application, performance evaluations, and disciplinary records. They use this information to make informed decisions about promotions, raises, and terminations.
9. Scenario for Recordkeeping: A doctor keeps a detailed record of a patient's medical history, including diagnoses, treatments, and medications. This information is used to track the patient's progress and ensure that they receive the best possible care.
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What levels of risk does investing in the stock generally carry
medium
medium, high,
low, high
or low?
Answers
Low, high levels of risk does investing in the stock generally carry. Over the long term, stocks have the highest potential for growth for investors. Investors who have chosen to hold onto stocks for an extended length of time—say let's 15 years.
Typically been rewarded with robust, profitable returns. Utilize your associated banking account to open a risk and trading account. Access that trading account. Choose the shares you want to purchase or sell. Make sure you have the necessary investing funds in your account to purchase the shares stocks. taking dividends in— Many stocks distribute dividends, which are based on the company's earnings per share.
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THE PURSUIT OF HAPPYNESS
Chris faced many challenges during the movie, yet he still achieved many of his goals. Describe a minimum of three decisions he made or behaviors/personality traits that he demonstrated that helped him reach his goals. Use specific examples from the movie to support the decisions you think were.
Answers
Read Appendix 7-A and answer the following questions.
Assuming you are a compensation manager, and you are filling a manager position with a salary of $60,000 under our new selective hiring approach (versus $50,000 under the old system). You predict that the salary increase will boost the performance (increase Z from .80 to 1.75). Also, the validity coefficient performance predictor (r) is 0.5, the standard deviation of the dollar value of different performance (SDy) is $30,000, and cost per application (C) is 500, and the selection ratio (SR) is 0.25.
Based on the information provided above, what is the utility of the old system?
What is the utility of the new system?
Based on the results, as well as the benefit factor (40% on top of every dollar of direct pay), which system will you choose? Why?
Answers
The utility of the old system is calculated as follows:u= z(r * SDy /C)Where z = standard normal distribution value of the reliability coefficient and ranges from -3 to +3 (or -∞ to +∞) for r = 0 to 1. It is an estimate of the percentage of an ideal gain (100%) in the criterion that can be expected from using the selection method.
r = the correlation coefficient between test scores and job performance. In this case, r = 0.5.SDy = the standard deviation of job performance in dollars. It is $30,000 in this scenario.C = the total cost per applicant or hire. It is $500.Selection ratio (SR) is the number of employees selected divided by the number of applicants or candidates. It is 0.25, according to the information provided above.We can calculate the utility of the old system using the formula:u= z(r * SDy /C) = z(0.5 * $30,000/$500) = 6.0 * 0.10 = 0.60 or 60%
The utility of the old system is 60%.Utility of the new system
The utility of the new system can be calculated using the formula:u = z(r * SDy /C)u= z[(1.75 - 0.80) * (0.5 * $30,000) / $500]u= z(0.975 * $30,000/$500)u= z(58.50)The utility of the new system can be calculated as:u = 9.21 * 0.10u = 0.92 or 92%
The utility of the new system is 92%.Based on the results, as well as the benefit factor (40% on top of every dollar of direct pay), the new system will be chosen because it has a higher utility (92%) than the old system (60%).Moreover, the benefit factor is applied to the total dollar amount of direct pay, which is $60,000 under the new system. It is calculated as follows:Benefit factor = 40%Benefit factor on top of every dollar of direct pay = 0.40 * $60,000 = $24,000The total pay for the new system would be $60,000 + $24,000 = $84,000. Since the new system has a higher utility, it would be the preferred choice, even with the higher cost.
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What is the purpose of a food safety management system?
Answers
Answer:
To control food safety hazards within a food business in order to make sure that food is safe to eat.
Explanation:
QUESTION 2 of 10: A
agency attempts to recover monies past due on customer accounts.
a) Central Intelligence
b) Customer Service
c) Collection
d) Consumer Protection
Answers
Explain why unions have declined in power in the last few decades.
Answers
Answer: See explanation
Explanation:
There are a number of reasons for the reduction in the power of unions in the last few decades.
One reason attributed to this is due to the shift in the composition of the economy of the United States. Nowadays, there are more people whom work in the service industries, and these sector usually have lower unionization rate.
Also, there is a reduction in the number of unions in the ndustrial sector. Some states have a right to work laws in place which has also led to reduction in the power of the unions.
Lastly, thecemployer reactions are also a contributory factor as they're more aggressive so as to keep unions from their companies.
Who wants to see what i look like?
Answers
Which organizational structure will emphasize financial controls for headquarters' evaluation of operating units while the operating units will emphasize strategic controls within their units' performance?
a. Functional structure
b. Cooperative M-Form
c. SBU Form
d. Competitive M-Form
Answers
The answer: The organizational structure that emphasizes financial controls for headquarters' evaluation of operating units while the operating units emphasize strategic controls within their units' performance is the SBU (Strategic Business Unit) Form (c).
The organizational structure that will emphasize financial controls for headquarters' evaluation of operating units while the operating units will emphasize strategic controls within their units' performance is the Strategic Business Unit Form.
An SBU, or strategic business unit, is a fully operational part of a company with its own mission and goals.
A strategic business unit is typically run independently, but it is also an essential component of the corporation. It informs the administrative center of its functioning condition.
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help me please
A _____ is when the government may provide money to banks that are having troubke in order to help them recover.
A. rescue
B. bail-out
C. takeover
D. investment
Answers
Answer:
The correct answer is B. Bail-out.
Explanation:
which task is carried out by book keeping
Answers
Answer:
Explanation:
Invoices and unpaid bills are one of the most important responsibilities of the bookkeeper. A bookkeeper who fails to keep an account of the money flowing into and out of the business, for instance, makes it all too easy to spend money that isn't there.
Tangy Incorporated produces a specialty top-quality juice machine. The product, the JM50, requires four processes to be completed. Specifically, these processes are exterior construction, pulp filter insertion, painting, and packaging. Each process is performed at separate workstations with different completion rates:
Exterior construction can manufacture 100,320 juicer exteriors per day.Pulp filter insertion can install 25,080 filters every 6 hours.
Painting can decorate 3,080 juicers every half hour.
Packaging can package 5,080 juicers per hour.
The plant operates 24/7, 24 hours a day every day of the week.
Which function(s) is/are the bottleneck(s)? (Assume an average 30-day month.)
Multiple Choice
Exterior construction and pulp filter insertion.
Exterior construction.
Packaging.
Pulp filter insertion.
Painting.
Answers
The functions that are bottleneck in the process are Exterior construction and pulp filter insertion.
The bottleneck is defined as the slowest process step that limits the throughput time of the entire process. In this case, the processes with the lowest completion rate are Exterior construction and pulp filter insertion.
Thus, these processes are the bottlenecks. Exterior construction can manufacture 100,320 juicer exteriors per day, but it does not provide enough outputs for all other processes to work at the same speed.
Pulp filter insertion can install 25,080 filters every 6 hours, which is the slowest among all processes, so it is the second bottleneck function. Therefore, the correct option is Exterior construction and pulp filter insertion.
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Ice road trucking services establishes a petty cash fund on april 3 for $500. By the end of april, the fund has a cash balance of $413. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items:
Answers
Ice Road Trucking Services established a petty cash fund on April 3 for $500.
By the end of April, the fund has a cash balance of $413. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items:
- Office supplies: $30
- Postage: $10
- Delivery fees: $20
- Gasoline: $27
To calculate the total expenditures for the month, we need to add up all of the individual expenditures:
$30 (office supplies) + $10 (postage) + $20 (delivery fees) + $27 (gasoline) = $87
This means that the total expenditures for the month were $87.
To calculate the remaining balance in the petty cash fund, we need to subtract the total expenditures from the original balance:
$500 (original balance) - $87 (total expenditures) = $413 (remaining balance)
Therefore, the remaining balance in the petty cash fund at the end of April is $413. This matches the cash balance that was given in the question, so we can be confident that our calculations are correct.
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As depicted in _________________________________, it is necessary to give up some of the production of one good to produce more of the other good.
Answers
As depicted in the concept of opportunity cost, it is necessary to give up some of the production of one good to produce more of the other good.
Opportunity cost refers to the value or benefit that is forgone when choosing one alternative over another. When resources are limited, producing more of one good means allocating fewer resources to produce another good. This trade-off arises due to the scarcity of resources and the need to make choices in resource allocation.
In economics, the concept of opportunity cost is fundamental in understanding the concept of trade-offs and the production possibilities frontier (PPF). The PPF represents the maximum output combinations of two goods that can be produced with given resources and technology. It illustrates the idea that to produce more of one good, society must sacrifice the production of another good.
Therefore, the concept of opportunity cost highlights the inherent trade-offs in production decisions, where the production of one good comes at the expense of producing another good. This principle applies across various economic contexts, from individual decision-making to the allocation of resources in entire economies.
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Products related in such a way that an increase in the price of one reduces the demand for the other.
Answers
Complements are products that increase the use of other products, products related in such a way that an increase in the price of one reduces the demand for both.
A complementary appropriate is a service or product that offers fee to some other product or service. In different words, they may be things that the patron utilises in conjunction with each other. Cereal and milk, for example, or a DVD and a DVD
A Complementary exact is a product or service that provides price to another. In different phrases, they may be two items that the purchaser uses together.
A complementary product is an object that is offered collectively with the primary product. Those merchandises are used in conjunction, so complementary goods frequently bring little cost or can not be used one after the other, including petrol, SIM card, and baking powder.
Complements are items that might be consumed together. Substitutes are goods wherein you may devour one in region of the alternative. The prices of complementary or alternative items also shift the call for curve.
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What are 3 ways of reducing the taxes you pay?
Answers
Contributing to a retirement account through an employer-sponsored plan or an individual retirement account is a useful way to lower taxable income (IRA).
How to Reduce Taxable Income: Can the Average American Pay No Taxes?The vast majority of individuals never get used to having so much federal income tax deducted from each paycheck. The IRS withholds an increasing percentage of your income.I frequently get asked if it is possible to lower your taxable income such that you owe no taxes in my capacity as Personal Capital's senior tax specialist.Even if you have a somewhat large salary, careful tax preparation could dramatically lower your tax burden to nearly nothing. As shown here.Your financial and investment goals can be met with the assistance of Personal Capital's team of committed advisors. To make a consultation session with an advisor, register for our free financial tools.To Learn more About lower taxable income refer to:
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Which general statement about economic behaviour is shown on this table?
A. Quantity demanded decreases as a good price increases.
B. Price has a positive effect on quantity demanded.
C. Price and quantity demanded are equal only at the lowest price.
D. The quantity demanded is proportional to the price.
Answers
The general statement about economic behavior that is shown on this table is Quantity demanded decreases as a good price increases. Thus, option A is the correct answer.
What is economic behavior?Behavioral economics investigates the effects of psychological, cognitive, emotional, cultural, and social factors on individual or institutional decisions, including how those decisions differ from those implied by classical economic theory.
As per the law of demand, the quantity demanded decreases as the price of the good increases. This is due to the fact that at a higher price, consumers will demand a lower quantity of a good.
Therefore the statement in option A is the general statement about economic behavior which is shown in the table.
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What does qualitative research and quantitative research means?
Answers
Answer:
Quantitative research is expressed in numbers and graphs. It is used to test or confirm theories and assumptions. This type of research can be used to establish generalizable facts about a topic.
Common quantitative methods include experiments, observations recorded as numbers, and surveys with closed-ended questions.
Qualitative research
Qualitative research is expressed in words. It is used to understand concepts, thoughts or experiences. This type of research enables you to gather in-depth insights on topics that are not well understood.
Common qualitative methods include interviews with open-ended questions, observations described in words, and literature reviews that explore concepts and theories.
Answer:
Qualitative research involves collecting and analyzing non-numerical data (e.g., text, video, or audio) to understand concepts, opinions, or experiences. It can be used to gather in-depth insights into a problem or generate new ideas for research.
Quantitative research is a research strategy that focuses on quantifying the collection and analysis of data.
Jocelyn gets a text alert from the bank that her account has dropped below $100 after a series of $20 ATM withdrawals. She has not used her ATM in over a week and wonders what she should do. What would you recommend?
Answers
Answer:
Look at her account to confirm the ATM withdrawals were her. If she did not make the withdrawals, she should immediately contact her bank by the most trusted way possible. Calling or going to the local branch during business hours may be best.
Explanation:
If the transactions were not made by Jocelyn and she does not have any other owners on the account it is possible that she is the victim or hackers or bank fraud. Contacting her bank notifies them that the transactions are not authorized and she will not be held accountable after the bank conducts an investigation into the transactions. The bank will then redeposit the lost funds back into her account.
Because susans standard deduction is greater than the amount she made, it turns out that Susan never owed taxes. How large of a refund should she expect from the Federal
government if she follows through on filing her 1040 form
Answers
Note that if Susan's standard deduction is greater than the amount she made, it means her taxable income is zero. If she had any taxes withheld from her paychecks throughout the year, she would be eligible for a full refund of those taxes.
What is the rationale for the above response?Assuming Susan is a single taxpayer under the age of 65 and not claimed as a dependent on anyone else's tax return, her standard deduction for tax year 2022 (filing in 2023) would be $12,950.
If Susan's total income for the year is less than or equal to $12,950, she would owe no federal income tax and would be eligible for a full refund of any federal income tax withheld from her paychecks or estimated tax payments she made throughout the year.
The exact amount of her refund would depend on how much federal income tax was withheld from her paychecks or paid in estimated tax payments throughout the year. Susan can determine the amount of her refund by completing her tax return using Form 1040 and any other applicable forms and schedules.
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explain socialism, capitalism and mixed economy with their features advantages and disadvantages
Answers
Suppose that demand is unitary elastic at all points. When price is increased from a point on this demand curve, then total revenue will_____________.
Answers
Answer: not change
Explanation:
When a good's demand is said to be unitary elastic, it means that an increase in price causes a proportional decrease in quantity demanded which means that neither effect would have dominance over the other.
When this happens, total revenue will not change because the increase (decrease) in price will be cancelled out by the decrease (increase) in quantity demanded.
money is maintains it's value when it is difficult to acquire true or false?
Answers
Explanation
____ are specialized accountants who look for evidence of improper accounting methods.
A. Public accountants
B. Government accountants
C. Fraudulent accountants
D. Forensic accountants
Answers
Answer:
i think that the answer is C
Explanation:
Answer:
Forensic accountants
Explanation:
just trust me on this man