Answer: length of service in their current rank
Explanation:
took it on edge2022
The terms Entrepreneur and Manager is used interchangeable and describes a person that which is a correct answer
a) Manages a small business
b) That starts up a small business
c) That starts up and manages a small business
d) All above statements are incorrect
The correct answer is d) All above statements are incorrect.
While an entrepreneur and a manager share some similarities in their roles within a business, they are not interchangeable terms. Each term represents a distinct role and set of responsibilities.
An entrepreneur is an individual who identifies opportunities, takes risks, and initiates the process of starting a new business venture. They are typically involved in the creation and development of the business idea, gathering resources, and making strategic decisions to bring the business concept to fruition.
On the other hand, a manager is responsible for overseeing and directing the day-to-day operations of a business. They focus on organizing resources, implementing plans, coordinating activities, and managing employees to achieve the organization's goals. Managers are typically appointed or hired to handle specific functions within an existing business.
Therefore, while an entrepreneur may start a small business, and a manager may be responsible for managing a small business, the terms "entrepreneur" and "manager" represent different roles and responsibilities within the business context.
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A responsibility center is best described as?
a. any part of an organization that has responsibility for optimizing customer service and satisfaction
b. any financial sub-unit within an organization that has the responsibility to account for the performance of other organizational sub units.
c. any part of an organization whose manager has control over and is accountable for cost profit or investments
d. any part of an organization that has responsibility for managing product and service quality
Answer: C. Any part an organization whose manager has control over and is accountable for cost profit or investments.
Explanation: A responsibility center is an operational unit or entity within an organization, that is responsible for all the activities and tasks structured for that unit. These centers have their own goal, staffs, objectives, policies and procedures, and financial reports. And are used to balance responsibilities related to expenses incurred, revenue generated, and funds invested to an individual.
In a multinational or large corporation, the organization tasks are divided into a subtask, and each task is given to various small division or groups. In this context, all groups in that organization are responsibility centers.
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mr. and mrs. mahmood arrived on September 8 and departed on September 15.Their nightly room rate was $235.000 per night.They had the breakfast buffet daily at $22.00 per person.They ate dinner at a hotel restaurant three times at a cost of $150.00, $110.00 and 225.00.Mr Mahmoud Played a round of gulf $125.00 and Mrs Mahmoud requested that her suit be dry cleaned for a business meeting once charge $39.00. daily taxes of 7% city, 12% state and hotel take of 5% is added onto thr room rate. what is the total for the stay?( Assume all gratuites are included in the costs presented.)
The total costs for the stay of Mr. and Mrs. Mahmood at the hotel, including gratuities, are $2,997.
How are the total costs determined?Using mathematical operations, the total costs are computed as below.
Mathematical operations involved here are additions and multiplications.
Data and Calculations:Nightly room rate = $235 x 7 nights
Daily breakfast buffet = $308 ($22 x 7 days x 2)
Hotel Dinner cost = $485 ($150 + $110 + $225)
Round of gulf = $125
Dry-cleaning = $39
Daily Taxes:City 7%
State 12%
Hotel take = 5%
Total taxes = 24%
Total Costs:Room cost = $1,645 ($235 x 7)
Daily taxes $395 ($1,624 x 2%)
Daily breakfast buffet = $308
Hotel Dinner cost = $485
Round of gulf = $125
Dry-cleaning = $39
Total costs = $2,997
Thus, the total costs involved by the Mahmoods are $2,997.
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California residents are allowed a credit for net income taxes paid to another State on income also subject to the California income tax. However, the credit is not allowed for which of the following reasons?
The reason this credit is not allowed is because: A. If the other state allows California residents a credit for net income taxes paid to California
The types of tax.
In Economics, there are different types of tax and these include the following:
Gift taxExcise taxAlcohol taxIncome taxEstate taxEmployment taxNet income taxWhat is net income tax?Net income tax can be defined as a type of tax which grants either deductions or exemptions from an employee's gross income. Additionally, a net income tax is a system of taxation which is designed and developed to assess taxes on the basis of gross income, gross dividends or gross receipts.
In conclusion, it is a fact that any form of deductions or exemptions that doesn't qualify for a credit is not considered as a net income tax in California and every other part of the world.
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Complete Question:
California residents are allowed a credit for net income taxes paid to another State on income also subject to the California income tax. However, the credit is not allowed for which of the following reasons?
A. If the other state allows California residents a credit for net income taxes paid to California
B. If the income taxed by the other state has a source within the other state under California law
C. If such states do not allow their residents a credit for net income taxes paid to California
D. The amount of the credit is greater than the same proportion of the total California tax as the income taxed by both states bears to the total income taxed by California
Workers over forty tend to be motivated by intrinsic motivators.
True
False
Answer: true
Explanation:
i sorta just guessed
he primary financial goal of a corporation is shareholder wealth maximization , which involves maximizing the long-run value of the firm's stock and requires taking a long-run view of a firm's operations. To achieve their financial goals, firms must develop products that consumers want, produce the products efficiently, sell them at -Select- prices, and observe laws relating to corporate behavior. Apart from their financial goals, companies also focus on a wide number of non-financial goals including maximizing the welfare of their employees, efficiently and fairly serving their customers, and respecting their local community and environment. Select the statement that best completes the following statement: Most managers recognize that being socially responsible is -Select- important but inconsistent with achieving their financial goals. important and generally (but not always consistent) with achieving their financial goals. irrelevant. As a result of financial scandals during the past decade, there has been a strong push to improve business ethics. Managers have an obligation to behave ethically, and they must follow the laws and other society-imposed constraints. Most managers recognize that being ethical is -Select- with the corporation's primary goal. A stock's intrinsic value is an estimate of a stock's "true" value based on accurate risk and return data. It can be estimated but not measured precisely. When a stock's actual market price is equal to its intrinsic value, the stock is in -Select- . The -Select- investor's views determine a firm's actual stock price.
To maximise shareholder wealth, a firm's stock must have the highest possible long-term value, which necessitates looking at operations from a long-term perspective.
The main financial objective of a corporation is to maximise shareholder wealth, which entails increasing the stock's long-term worth and necessitates looking at a company's operations in the long term. In order to maximise shareholder wealth, a company's main objective is to increase the price of its shares. Maximizing shareholder wealth might be beneficial since it offers managers of a company a specific goal for increasing value.
Companies must create things that consumers want, produce those items effectively, sell those products at competitive rates, and comply with regulations governing corporate activity in order to achieve their financial goals. In addition to their financial objectives, businesses also put a lot of effort into a variety of non-financial objectives, such as optimising employee welfare, providing fair and effective customer service, and preserving the environment.
Complete Question:
The primary financial goal of a corporation is shareholder wealth maximization , which involves maximizing the long-run value of the firm's stock and requires taking a long-run view of a firm's operations. To achieve their financial goals, firms must develop products that consumers want, produce the products efficiently, sell them at -Select- prices, and observe laws relating to corporate behavior. Apart from their financial goals, companies also focus on a wide number of non-financial goals including maximizing the welfare of their employees, efficiently and fairly serving their customers, and respecting their local community and environment. What does it represent?
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Dollar General's primary concern about robberies is:
A. Limiting cash losses
B. Catching the robber and recovering the money
C. Working with the Police to stop thieves
D. Ensuring our employees' safety
Option D is correct .Dollar General's primary concern about robberies is Ensuring our employees' safety.
What is Dollar General's primary concern about robberies ?The well and safety of Dollar General's employees come first. The organization therefore takes a number of steps to guarantee that its workers are safeguarded while they are at work. This can entail instructing staff members on how to handle and react in potentially hazardous circumstances, such robberies. In addition, Dollar General might have procedures in place to control the quantity of cash on hand and guarantee that it is kept safely. To promptly respond to and address any theft or robbery events, the business could also collaborate closely with the local police.
Ultimately, protecting the safety of its employees is Dollar General's top priority when it comes to robberies. The organization helps to provide a safe working environment for its employees and tries to lessen the impact of any occurrences by taking actions to minimize the risk of theft and robbery.
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The Linear Model of Communication is the model that is most accepted today because truly represents the process of human communication. true or false
Explanation:
Although this model is rather limited and has been superseded by two-way, transactional and mutual models for most purposes, it still has its uses in business
The linear model of communication refers to refers to the way in which a message, the content of information being sent, is transmitted from a sender to a receiver. It is the type of communication that only occurs one way and doesn't provide a means to respond to the message.
2.suppose 40% of the people entering X electronics store this month make a purchase. If 10 people enter the store, find the expected number making a purchase. Suppose that for the next month X electronics store forecasts 1000 customers will enter the store. (i)What is the expected number of customers who will make purchase? (ii) Find also the Standard Deviation.
i) The expected number of customers who will make a purchase in the current month is 4.
ii) The standard deviation for the number of customers making a purchase in the current month is approximately 1.55.
To find the expected number of customers making a purchase, we can multiply the total number of customers entering the store by the probability of making a purchase.
(i) For the current month:
Number of people entering the store = 10
Probability of making a purchase = 40% = 0.4
Expected number of customers making a purchase = Number of people entering the store * Probability of making a purchase
Expected number of customers making a purchase = 10 * 0.4
Expected number of customers making a purchase = 4
Therefore, the expected number of customers who will make a purchase in the current month is 4.
(ii) To find the standard deviation, we need to consider the binomial distribution since the number of customers making a purchase follows a binomial distribution with parameters n (number of trials) and p (probability of success).
For the current month:
n = Number of people entering the store = 10
p = Probability of making a purchase = 0.4
q = Probability of not making a purchase = 1 - p = 1 - 0.4 = 0.6
Standard deviation (σ) of a binomial distribution is given by the formula:
σ = √(n * p * q)
Substituting the values:
σ = √(10 * 0.4 * 0.6)
σ = √(2.4)
σ ≈ 1.55
Therefore, the standard deviation for the number of customers making a purchase in the current month is approximately 1.55.
For the next month, if the store forecasts 1000 customers to enter the store, we can use the same calculations with updated values of n and p to find the expected number of customers making a purchase and the standard deviation.
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________ are companies that pool investments from individuals and organizations to purchase a portfolio of stocks, bonds, and other securities.
A. Stock Companies
B. Stock Exchangers
C. Brokers
D. Mutual Funds
a $1,000 bond with a coupon rate of 4% has quarterly coupons and is redeemable after an unspecified number of years at $951. the bond is bought to yield 11% convertible semiannually. if the present value of the redemption amount is $353.20, find the purchase price using the makeham formula. then check your answer using another price formula. (round your answer to the nearest cent.)
The purchase price using the Makeham formula is $ 376. 3677 , when the present value of redemption amount is $ 353.20
How are bond coupons calculated?A bond's coupon rate can be calculated by dividing the security's total annual coupon payments by the bond's par value. For example, a bond with a face value of $1,000 that pays a coupon of $25 semi-annually has a coupon rate of 5%.
Evaluating the purchase price :Purchase Price = (g / j) x (C-K)+ k
F = $1,000
r = 4% / 4 = 1%
C = $951
j = (11%/2+1)^(1/2)-1 = 0.027132
K = $353.20
g = ((Fr)/ C)
= (1000 × 1%)/951
= 0.0105152.
Makeham formula :The Makeham formula is a mathematical formula that expresses the present value of cash flows in terms of repayments rather than the payments themselves. This formula is largely ignored in the financial literature, but as this paper shows, it has many useful applications in fixed income analysis.
Makeham's formula:Purchase Price = (g / j )( C - K ) + K
Purchase Price =(0.010515/0.027132) × (951-353.20)+353.20
Purchase Price = $ 376. 3677.
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QUESTION 23 Under the alternative method for accounting for unearned revenues, which ofthe following pairs ofiournal entry formatsis comect? Initial Entry Adjusting Entry Cash nearned Consulting Revenue Unearned Consulting Revenue Consulting Revenue Cash Consulting Revenue Consulting Revenue Unearned Revenue Unearned Revenue Unearned Revenue Cash Consulting Revenue Unearned Revenue Cash Consulting Revenue Cash Consulting Reve Unearned Revenue Unearned Revenue
• Option A
• Option B
• Option C
• Option D
• Option E
Under the• (A) alternative way of accounting for unearned revenues, the initial entry for unearned revenue should be made in the proper journal entry format, which is: Credit: Unearned Income method
An alternate technique of accounting for income that has been received in advance but hasn't yet been earned is used to account for unearned income. Two journal entries are needed for this method one for the initial receipt of cash and another for the conversion of unearned income to earned revenue. When money is received, it is recorded as a liability in the first entry; however, when the service or product is provided, it is recorded as revenue in the adjusting entry. By only include generated income on the balance sheet, this strategy gives a more realistic representation of a company's financial situation.method
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how do you find marginal revenue
by dividing the change in total revenue by the change in total output quantity
Orion Iron Corp. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at the end of the year, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31. Transactions Units Unit Cost a. Inventory, Beginning 350 $ 14 For the year: b. Purchase, April 11 950 12 c. Purchase, June 1 700 15 d. Sale, May 1 (sold for $42 per unit) 350 e. Sale, July 3 (sold for $42 per unit) 610 f. Operating expenses (excluding income tax expense), $18,000 Required: 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory. 3. Compute the cost of ending inventory and cost of goods sold under (a) FIFO, (b) LIFO, and (c) weighted average cost. 4. Prepare an income statement that shows under the FIFO method, LIFO method and weighted average method. 6. Which inventory costing method minimizes income taxes
Answer:
Part 1.
Number = 2,000 units and Cost = $26,800
Part 2.
1,040 units
Part 3.
a. FIFO
Ending Inventory = $14,580
Cost of Goods Sold = $12,220
b. LIFO
Ending Inventory = $13,180
Cost of Goods Sold = $13,620
c. Weighted Average Cost
Ending Inventory = $13,936
Cost of Goods Sold = $12,864
Part 4.
Orion Iron Corp.
Income Statement
FIFO LIFO Weighted Average
Sales (960 x $42) $40,320 $40,320 $40,320
Less Cost of Sales ($12,220) ($13,620) ($12,864)
Gross Profit $28,100 $26,700 $27,456
Less Expenses
Operating Expenses ($18,000) ($18,000) ($18,000)
Net Income $10,100 $8,700 $9,456
Part 6.
Weighted Average method minimizes Income taxes as it provides lowest profits than the rest of the methods.
Explanation:
Periodic Inventory method ensures that Cost of Sales and Inventory Value are determined at the end of the period.
Cost of Goods Available for Sale = Beginning Inventory + Purchases
therefore,
Number = 350 + 950 + 700 = 2,000 units
Cost = 350 x $14 + 950 x $12 + 700 x $15 = $26,800
Units in Ending Inventory = Units available for sale - Units sold
therefore,
Units in Ending Inventory = 2,000 - ( 350 + 610 ) = 1,040
FIFO
This method assumes that the units to arrive first, will be sold first.
Ending Inventory = 340 x $12 + 700 x $15 = $14,580
Cost of Goods Sold = 350 x $14 + 610 x $12 = $12,220
LIFO
This method assumes that the units to arrive last, will be sold first.
Ending Inventory = 690 x $12 + 350 x $14 = $13,180
Cost of Goods Sold = 700 x $15 + 260 x $12 = $13,620
Weighted Average Cost
This method calculates a new unit cost based on units available for sale after each and every purchase. This unit cost is then used to determine the cost of sales and inventory value.
Unit Cost = Total Cost ÷ Units available for sale
= $26,800 ÷ 2,000 units
= $13.40
Ending Inventory = Units in Inventory x Unit Cost
= 1,040 x $13.40
= $13,936
Cost of Goods Sold = Units Sold x Unit Cost
= 960 x $13.40
= $12,864
What is the shortcut for the Find/Replace command screen?
O F5
O Ctrl + ?
O Ctrl + F
O F4
Answer it i Crtl+F
Explanation:
Answer:
is
3. Ctrl + F
Identify the two customer segmentation bases provided in the situation below.
The Grand Palace hotel has been in operation for over 10 years now. The hotel provides premium services to all its high-profile guests. The clients are extremely happy with the hotel services and quite a few of its guests have become regular visitors. This loyalty toward the hotel is an example of (A. Demographic Segmentation B. Geographic Segmentation C. Behavioral Segmentation) Ritzo is a famous branded watch manufacturing company. It produces separate sets of watches for men and women, keeping in mind their preferences. This kind of segmentation is an example of (A . Geographic Segmentation B. Psychographic Segmentation C. Demographic Segmentation)
The customer segmentation in the first scenario is demographic segmentations
The customer segmentation in the second scenario is psychographic segmentation.
What is customer segmentation?Customer segmentation is the grouping of customers based on how and why they patronize or buy goods or services. Customers with similar taste, interest and characteristics are group together.
To conduct customer segmentation analysis, the following steps have to be taken.
Identify your customers. Divide customers into groups. Create customer personas. Articulate customer needs. Connect products and services to customers' needs. Evaluate and prioritize top segments. Develop specific marketing strategies. Evaluate the effectiveness of your strategiesIf the following steps are taken, it will be easier to know how each customer is to be grouped.
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Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
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1a Who were shanon & weaver!
Shannon and Weaver were:
Communication theoristsShannon and WeaverShannon and Weaver developed a model that analyzed he communication process.
Their model was first published in 1948 and it has been modified, adapted and developed in many ways since then.
Claude Shannon was a mathematician and Warren Weaver was a scientist and they were initially interested in machine translation and how early computer, radios and television transmit information
However, the theory also applied to human communication and remained highly influential in modern science, hence becoming theorists of communication.
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2. What are the ways of forecasting cost of sales?
a. cost of materials
b. cost of labor
c. cost of overhead
d. all of the choices
Answer:
d. all of the choices
Explanation:
Cost of Goods sold = Cost of material purchased + Conversion cost
And
Conversion cost hereby includes Direct labor cost and other production overheads directly attributable to the Goods sold.
So, The correct option is - d. all of the choices
Sharpie Markers sells their markers directly to consumers for $2/marker.
Revenue: $500,000
Plastic: $200,000
Ink: $1,000
Advertising: $5,000
Overhead: $1,000
Depreciation: $25
Assume Sharpie wants to launch a “Holly Jolly” promotion, where they would discount their pens by 10%. How many more pens would they have to sell to justify this promotion from a contribution perspective?
A) 25.13% more pens
B) 20.08% more pens
C) None of the above, but I could find this answer with the info given
D) None of the above because I can't find the answer with the info given
The increase in pens that would be sold to justify this promotion from a contribution perspective is B. 20.08% more pens.
How to calculate the value?The revised contribution will be:
= 0.2 - 1.196 = 0.996
The amount sold to maintain contribution will be:
= 299000/0.996 = 300201
The increase in volume will be:
= 50201/250000 × 100
= 20.08%
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In order to compare and evaluate choices, there must be a set of ______.
A. Resources
B. Decisions
C. Consequences
D. None of the above
Answer:
answer is a
Explanation:
A. Resources
the effects of the fifo accounting method on inventory valuation is during a period of sharply rising prices is
The effect of the FIFO accounting method on inventory valuation during a period of sharply rising prices.
The FIFO (first-in, first-out) inventory accounting method is one of the most common inventory valuation approaches in use.
In this method, the cost of goods sold is calculated by assuming that the oldest inventory items are sold first, and the newest inventory items are sold last. It is widely used because it is straightforward and easy to understand. However, during periods of sharply rising prices, this method can have a significant impact on inventory valuation.
Inventory valuation is the process of determining the cost of inventory that a business owns. This cost is used to determine the value of the inventory on the balance sheet, as well as the cost of goods sold on the income statement. During periods of rising prices, the cost of inventory items can increase dramatically.
As a result, the value of inventory on the balance sheet can be much higher than it would be if the prices had remained stable. This can be problematic for businesses that use the FIFO method because it assumes that the oldest inventory items are sold first.
As a result, the cost of goods sold can be significantly lower than it would be if the newest inventory items were sold first.
This can result in higher profits and lower taxes, but it can also result in misleading financial statements.To conclude, the FIFO accounting method has a significant impact on inventory valuation during periods of sharply rising prices. The cost of goods sold can be significantly lower, resulting in higher profits and lower taxes.
However, this can result in misleading financial statements, and it is important for businesses to carefully consider the impact of rising prices on their inventory valuation.
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Go Fly A Kite is considering making and selling custom kites in two sizes. The small kites would be priced at $12.70 and the large kites would be $25.70. The variable cost per unit is $6.15 and $13.30, respectively. Jill, the owner, feels that she can sell 3,700 of the small kites and 2,030 of the large kites each year. The fixed costs would be $2,120 a year and the depreciation expense is $2,000. The tax rate is 35 percent. What is the annual operating cash flow
Answer:
the annual operating cash flow is $31,437.
Explanation:
The Annual Operating Cash flow is calculated as follows :
Revenues :
Small kites (3,700 × $12.70) $46,990
Large kite (2,030 × $25.70) $52,171
Total Revenue $99,161
Less Variable Expenses :
Small kites (3,700 × $6.15) ($22,755)
Large kite (2,030 × $13.30) ($26,999) ($49,754)
Less Fixed Expenses ($2,120)
Less depreciation expense ($2,000)
Operating Income before tax $45,287
Less Income tax expense ($45,287 × 35%) ($15,850)
Operating Income After tax $29,437
Add Back Depreciation Expense $2,000
Operating Cash flow $31,437
Ramon has decided to make a cash gift to the American Heart Association of $113,000. However, he is considering delaying his gift until next year when his AGI will increase to $300,000 and he will be in the 32% income tax bracket, an increase from his current-year income tax bracket of 24%.
Assume a 6% discount rate. The present value factors, at a 6% discount rate, are as follows:
Year PV factor at 6%
1 0.9434
3 0.8396
5 0.7473
Ramon asks you to determine the tax savings from the tax deduction in present value terms if he were to make the gift this year, rather than delaying the gift until next year. For purposes of this analysis, ignore the potential impact of the overall limitation on certain itemized deductions.
Total present value of tax savings from the tax deduction if made this year:$________
Total present value of tax savings from the tax deduction if made next year: $_______
Answer: See explanation
Explanation:
Since the AGI is given as $180,000, his charitable contribution will be:
= $180,000 × 60%
= $180,000 × 0.6
= $108,000
a. The Total present value of tax savings from the tax deduction if made this year will be:
Present value of tax savings = $108000 × 24% = $108000 × 0.24 = $25920
Add: Present value of tax savings for deferred part = ($113000 - $108000) × 0.9434 × 32% = $1509
Therefore, Total present value of tax savings from the tax deduction if made this year will be:
= $25920 + $1509.44
= $27429.44
b. Total present value of tax savings from the tax deduction if made next year will be:
= $113000 × 0.9434 × 32%
= $113000 × 0.9434 × 0.32
= $34113.34
The Montgomerys borrowed $107,000 at 7.50% for 30 years to purchase a house. Find the total interest the Montomerys will pay if they pay the loan on schedule. Click the icon to view the monthly payment of principal and interest table. OA. $162,254.80 OB. $149, 158.00 OC. $177,662.80 OD. $168,803.20
The total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
To find the total interest the Montgomerys will pay over the course of the loan, we can calculate the monthly payment and then subtract the principal borrowed.
First, we need to calculate the monthly payment using the loan amount, interest rate, and loan term. We can use the formula for calculating the monthly payment on an amortizing loan:
Monthly payment =\(P * r * (1 + r)^n / ((1 + r)^n - 1)\)
Where:
P = Principal amount borrowed = $107,000
r = Monthly interest rate = Annual interest rate / 12 = 7.50% / 12 = 0.625%
n = Total number of payments = 30 years * 12 months/year = 360 months
Plugging in the values, we have:
Monthly payment = $107,000 * 0.00625 * (1 + 0.00625)^360 / ((1 + 0.00625)^360 - 1)
≈ $750.20
The monthly payment of principal and interest is approximately $750.20.
To find the total interest paid, we can multiply the monthly payment by the total number of payments and subtract the principal borrowed:
Total interest paid = (Monthly payment * Total number of payments) - Principal borrowed
= ($750.20 * 360) - $107,000
≈ $270,072 - $107,000
≈ $163,072
Therefore, the total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
None of the provided answer options match the calculated value. However, based on the calculation, the closest option is OA. $162,254.80.
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Omar Innovatives made considerations of purchasing capital equipment whose associated cash flows were as follows;
Based on the associated cash flows for the capital equipment to Omar Innovatives, the Payback period in years will be 0.5 years
How to find the Payback period?The payback period of an investment relates to the number of years it takes till the project is able to develop enough cash flows to pay back the initial investment amount.
The initial investment amount to Omar Innovatives Ltd was K100, 000 and in the first year, the project made back K200, 000.
This means that the project paid off its cash investment in the first year. To find the payback period in terms of years, the formula is:
= Cash investment / Cash flow in year of payback
= 100, 000 / 200, 000
= 0.5 years
The full question is:
Omar Innovatives Ltd made considerations of purchasing capital equipment whose associated cash flows were as follows;
Initial Investment K100, 000
Year One K200, 000
Year Two K300, 000
Year Three K400, 000
Year Four K500, 000
Year Five K100, 000
Average PBIT K93,500
Total Accumulated Depreciation K32,500
Taxation K15,200
What is the Payback period in years?
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Property assessed for tax purpose at 50% of market value. The tax rate being $4.90 per $100. Today rate has increased by $637. How much had the market value increased
Answer:
If the property was assessed for tax purposes at 50% of its market value and the tax rate was $4.90 per $100, the tax on the property would be calculated as follows:
Tax = (market value * 50%) * (tax rate / 100) = market value * (tax rate / 200)
If the tax rate increased by $637, the new tax on the property would be:
New tax = market value * ((tax rate + $637) / 200)
Since the tax on the property is constant, we can set the original and new tax equations equal to each other and solve for the market value:
market value * (tax rate / 200) = market value * ((tax rate + $637) / 200)
Dividing both sides by the market value and rearranging the terms, we find that:
(tax rate / 200) = ((tax rate + $637) / 200)
Solving for the tax rate, we find that:
tax rate = $637
Since the property was assessed for tax purposes at 50% of its market value, the market value of the property is equal to twice the tax rate. Therefore, the market value of the property increased by 2 * $637 = $1274.
Explanation:
A reporting relationship in which an employee receives orders from, and reports to only one supervisor is known as:
Answer:
According to the concept of unity of command, each level of the organizational hierarchy has only one supervisor who is responsible for each employee. This holds true even if a collection of individuals leads the organization's top. Consider being the CEO of a Silicon Valley-based technology company as an illustration. While the board of directors of your company oversees policy-making and strategic planning, you solely report to the chairman of the board in accordance with the unity of command principle. however, have a supervisor for your unit who reports to her department manager. The vice president of operations, who reports to the CEO, is the department manager's superior. The board of directors' chairman is the CEO's subordinate.
Answer:
unity of command
Explanation:
Being accountable and answerable to more than one supervisor is never liked by the employees. Unity of Command is the one business management theory that resolves this issue.
According to the Principle of Unity of Command, there shouldn’t be a group of supervisors for a single subordinate or a single team working for a company.
For example, the HR team of a company will have just one supervising head instead of two or three to have an orderly set up in the work atmosphere. With the help of the Unity of Command principle, there is a proper hierarchy that is set in the company.
Deregulation in the banking industry in 2007 was mainly intended to lead to _____. (Select all that apply.)
an efficient marketplace
competitive pricing
riskier investments
volatile interest rates
Answer:
riskier investment
Explanation:
Mark brainliest
what is a bond? in your own words. economics.
Answer:
A bond is simply a loan taken out by a company. Instead of going to a bank, the company gets the money from investors who buy its bonds. In exchange for the capital, the company pays an interest coupon, which is the annual interest rate paid on a bond expressed as a percentage of the face value.
Explanation:
Answer:
A bond is a fixed income Instrument that represents a loan made by investors to a borrower ( typically corporate or governmental).