The memo required to be written to the supervisor about the accounting error of capitalizing expenses should look like the following:
From: Management Accountant
To: Financial Planning and Analysis Manager
Subject: Capitalization of Expenses for $400,000
Date: March 17, 2022
The above subject refers.
An accounting error has occurred with the capitalization of $400,000 incurred on ordinary repairs of equipment. This error needs to be reversed because it results in the following problems:
Incorrect income reportingIncorrect cash flow classificationIncorrect expense reportingImproper matching of income and expenses.To fix the error, the Equipment account should be credited while the Equipment Repairs Expenses should be debited.
Regards,
Tony
What is an accounting error?An accounting error is a mistake in the classification of a transaction. It may be intentional (fraudulent) or unintentional.
However, once an accounting error is spotted, it must be corrected to ensure that the accounting system is properly maintained.
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Examine the credit terms below
Interest Rates and Interest Charges
0% introductory APR for 10 months.
Annual Percentage Rate (APR) for purchases after that, your APR will be 10.99%, 15.99%, or 17.99% based on your creditworthiness. This APR will vary with the market, based on the Prime Rate.
Why would the lender offer a lower introductory APR for 10 months?
To reduce its profits
O To eliminate its risk
To entice consumers to use its credit card
To encourage consumers to apply for secured loans
Answer:
To entice customers to use it's credit card
Explanation:
Credit Card companies use tactics like this because it sounds more appealing then having to start paying immediately. This gives them an advantage over other companies that don't offer this making more people want to use their credit card.
In the above situation, the lender is offering a lower introductory APR for ten months to entice the consumers to use its credit card.
What is a credit card?A credit card is a form of plastic and digital money, which is used to pay for the purchases of the cardholder against the credit limit offered to the consumers.
APR is the rate at which the interest rate charged to the credit card holders in case of defaulted or late repayments. Low APR is attractive for the consumers as they can get to use a credit limit.
Hence, option C holds true regarding a credit card.
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What are the two most popular ways people make networking contacts?
Answer:
Explanation:
Every contact you meet should lead you to new contacts. That's why it's called networking – just like a net, every connection leads off in two or more directions. Your contacts fall into two groups: those who you immediately know might be able to help you, and those who you don't see any point in talking to.
Case
Demand/supply
To the right/left
More /less (Q)
Income decrease
1
2
3
Price of raw materials decrease
4
5
6
Price of competitors decrease
7
8
9
Fill in the blanks with the correct behavior of the demand/supply curves
Type in the number relevant to it's location when answering,
ex: 1= when income decreases, supply will... and demand will...
8= When competitors price decrease, the curve will shift to the ....
Answer:
Je ne sais pas
Explanation:
Use the drop-down menu to select the qualification best demonstrated in each example. Virgil is on time every day to his job as a Packaging Machine Operator. Lily analyzes a product's supply chain to identify ways to make it more efficient. Chase manages shipping schedules so products are sent on time. Zaida helps another worker get products ready for shipping.
Answer:
Dependability, critical-thinking skills, organizational skills, and teamwork.
Explanation:
I got it right.
Answer:
Noting here you answer is UP there ↑↑↑↑
Explanation:
You want to earn a return of 10% on each of two stocks, A and B. Each of the stocks is expected to pay a dividend of $4 in the upcoming year. The expected growth rate of dividends is 6% for stock A and 5% for stock B. Using the constant-growth DDM, the intrinsic value of stock A? A.. Will be higher than the intrinsic value of stock B B. Will be the same as the intrinsic value of stock B C. Will be less than the intrinsic value of stock B D. None of the above
If we want to earn a return of 10% on each of the two stocks, A and B then A.. Will be higher than the intrinsic value of stock B B. Will be the same as the intrinsic value of stock B.
What are shares in the company?Shares are units of equity ownership in a corporation.companies, shares exist as a financial asset providing for an equal distribution of any residual profits, if any are declared, in the form of dividends. Shareholders of a stock that pays no dividends do not participate in the distribution of profits. Instead, they anticipate participating in the growth of the stock price as company profits increase.Shares represent equity stock in a firm, with the two main types of shares being common shares and preferred shares. As a result, "shares" and "stock" are commonly used interchangeably.Shares represent equity interests in companies or financial assets owned by investors exchanging capital for those shares. Theshares of common stock allow for voting rights and potential earnings through price appreciation and dividends. Thepreferred stock never appreciates, but is redeemable at an attractive price and provides regular dividends.Most companies own shares, but only shares of listed companies can be found on the stock exchange.learn more about shares here
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After reading a child's file, a trained adult asks the child to perform specific tasks. The
information gained indicates the child may have a developmental delay or disability and
could benefit from early intervention. The adult refers the family to a medical professional
for diagnosis.
Observation
Screening
Assessment
Evaluation
After reading a child's file, a trained adult asks the child to perform specific tasks and learns that the child may have a developmental disability and could benefit from early intervention and he refers the family to a medical professional for diagnosis. This is called assessment. The correct option is c.
What is a developmental disability?Developmental disability refers to a diverse group of chronic conditions, comprising mental or physical impairments that arise before adulthood. These disabilities cause individuals living with them many difficulties in certain areas of life, especially in language, mobility, learning, self-help, and independent living.
Developmental disabilities can be detected early on and persist throughout an individual's lifespan.
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Name three sources of law and cite an example of each.
Answer:
Key Takeaways
The three sources of law are constitutional, statutory, and case law.
The sources of law are ranked as follows: first, constitutional; second, statutory; and third, case law.
The purpose of the US and state constitutions is to regulate government action.
Hope this helps :D
2. Study the extract below and answer the questions that follow. In many of the world's economies, such as the United States of America (USA), private individuals can choose where they want to work, own land and businesses. In other economies, such as Cuba, the government owns the land and businesses and tells people what to produce. These countries use different economic systems. There are three different economic systems, namely a planned, market and mixed market economic system. 2.1. Identify the type of economic system that is used by the USA. Motivate your answer by quoting from the text. (2x1) (2) Identify the type of economic system that is used by Cuba. Motivate your answer by quoting from the text. (2x1) (2) Which economic system is used in South Africa? Differentiate between a planned and market economic system. Discuss THREE characteristics of a mixed market economy. (2x2) (4) (3x2) (6)
Answer:
The type of economic system that is used by the USA is a market economic system. This is indicated in the text by the statement that "private individuals can choose where they want to work, own land and businesses".
The type of economic system that is used by Cuba is a planned economic system. This is indicated in the text by the statement that "the government owns the land and businesses and tells people what to produce".
South Africa uses a mixed market economic system.
A planned economic system is characterized by government control and central planning. In such a system, the government determines what goods and services are produced, how they are produced and distributed, and what prices they are sold at. The government also owns and controls all major industries and resources. In contrast, a market economic system is characterized by private ownership of resources and businesses, and the decisions about what goods and services to produce and how to distribute them are made by individuals and firms in the marketplace.
A mixed market economy combines elements of both planned and market economies. Some of the characteristics of a mixed market economy include:
Private ownership of resources and businesses alongside state ownership or control of some resources and industries
Decisions about what goods and services to produce and how to distribute them are made both by individuals and firms in the marketplace and by the government
A mix of government regulation and free market competition to balance the interests of individuals and society as a whole.
Explanation:
Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.27 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life. The project is estimated to generate $1,800,000 in annual sales, with costs of $710,000. The project requires an initial investment in net working capital of $430,000, and the fixed asset will have a market value of $450,000 at the end of the project.
a. If the tax rate is 23 percent, what is the project’s Year 0 net cash flow? Year 1? Year 2? Year 3? (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234,567. A negative answer should be indicated by a minus sign.)
b.
If the required return is 10 percent, what is the project's NPV? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Cash flow in year 0 is $-880,000
Cash flow in year 1 is $1.01 million
Cash flow in year 2 is $1.01 million
Cash flow in year 3 is $1.89 million
The net present value is $2.29 million
What is the NPV?The initial capital outlay at the beginning of the period is the sum of the net working capital and the initial investment.
Initial capital outlay = net working capital + initial investment
$430,000 + $450,000 = $880,000
The cashflows in year 1,2 and 3 can be determined using this formula:
Cash flow = (sales - operating expenses - depreciation)(1 - tax) + depreciation
Depreciation expense using the straight line method: (cost of the asset - salvage value) / useful life
(2.27 - 0) / 3 = $0.76 million
The cashflows in year 1 and 2 = (1.8 million - 0.71 million - 0.76 million)(1 = -.23) + 0.76 million = $1.01 million
Terminal cash flow = salvage value of fixed asset + networking capital - tax(salvage value - 0)
$450,0000 + $430,000 - 0.23(450,000) = $776,500
Year 3 cash flow = $776,500 + $1.01 million = 1.79 million
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-880,000
Cash flow in year 1 = $1.01 million
Cash flow in year 2 = $1.01 million
Cash flow in year 3 = $1.89 million
I = 10 %
NPV = $2.29 million
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Snavely, Inc., manufactures and sells two products: Product E1 and Product A7. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours Product E1 600 8.0 4,800 Product A7 300 4.0 1,200 Total direct labor-hours 6,000 The direct labor rate is $24.90 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per Unit Product E1 $206.00 Product A7 $225.00 The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product E1 Product A7 Total Labor-related DLHs $ 109,600 4,800 1,200 6,000 Machine setups setups 51,690 700 300 1,000 Order size MHs 808,470 2,800 3,500 6,300 $ 969,760 The total overhead applied to Product A7 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.)
The total overhead applied to Product A7 under activity-based costing is closest to $482,086.
The total overhead applied is calculated with the following data from the question: Activity Estimated Expected ActivityActivity Cost Pools Measures Overhead Product E1 Product A7 Total
Labor-related DLHs $ 109,600 4,800 1,200 6,000
Machine setups setups 51,690 700 300 1,000
Order size MHs 808,470 2,800 3,500 6,300
Total $ 969,760
Overhead Allocation using activity-based costing method:Total Costs Product E1 Product A7
Labor-related DLHs $ 109,600 $87,680 (80%) $21,920 (20%)
Machine setups setups 51,690 36,183 (70%) 15,507 (30%)
Order size MHs 808,470 363,811 (45%) 444,659 (55%)
Total $ 969,760
Total overhead allocated to products $487,674 $482,086
Thus, the calculation of the total overhead applied to Product A7 under the activity-based costing method is determined by the volume of activities that Product A7 consumed under each activity cost pool, as indicated by the percentages.
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In your company's management development program, there was a heated discussion between
some people who claimed, "Theory is impractical and thus no good," and others who claimed,
"Good theory is the most practical approach to problems." What position would you take and
why?
Answer:
The most sensible position is to understand that theory, while not practical in itself, can be immensely helpful when dealing with pratical matters.
This is because theory gives you a sound conceptual foundation that can be used to analyze the practical context, and approach it with the best possible practical solutions.
Without theory, managers have to rely too much on intuition, which can often fail.
QUESTION TWO
a) A bakery bakes cakes under the brand name “super cakes.” Irene Juma, the manageress does not know the cost of each cake. She therefore gathers data on the total cost of each day’s production for the last 10 days. The results are shown in the table below:
Day Number of cakes (‘00’ units) Total cost (Sh. ‘000’)
1 22.5 23.0
2 21.0 21.6
3 27.5 23.3
4 21.5 24.0
5 30.0 28.2
6 20.0 22.4
7 24.0 23.1
8 26.5 25.3
9 18.3 20.1
10 17.0 16.5
Required:
i) Estimate the total cost function using the ordinary least squares method. State the fixed cost and unit cost. (11 marks)
ii) If each cake is sold at Sh. 10, determine the break even number of cakes. (3 marks)
b) Two different models are available for the same machine. The production statistics (number of units produced per hour) of these two models are given below. The data was collected on different days.
Model A: 180, 176, 184, 181, 190, 137,
Model B: 195, 194, 190, 192, 187, 185, 187,
Will you conclude that Model A and Model B have the same productivity (6Marks)
a) i) Using ordinary least squares, the estimated total cost function for the bakery's "super cakes" is Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units).
ii) The break-even number of cakes is approximately 21.42 cakes.
b) Model A has an average productivity of 171.33 units per hour, while Model B has an average productivity of 190.71 units per hour. We cannot conclude that they have the same productivity.
a) i) To estimate the total cost function using the ordinary least squares method, we can use the given data on the number of cakes and total cost for the last 10 days. Let's denote the number of cakes as X and the total cost as Y.
Using a linear regression model, we can find the equation of the line that best fits the data. The general form of the linear equation is Y = a + bX, where a represents the fixed cost and b represents the unit cost.
We can calculate the values of a and b using the ordinary least squares method. This involves minimizing the sum of the squared differences between the observed total cost and the predicted total cost based on the equation.
After performing the calculations, we obtain the following results:
a = 4.07 (fixed cost)
b = 0.81 (unit cost)
Therefore, the estimated total cost function for the bakery's production of "super cakes" is:
Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units)
ii) To determine the break-even number of cakes, we need to find the number of cakes at which the total cost equals the total revenue. Since each cake is sold at Sh. 10, the revenue function can be expressed as Revenue = 10 * Number of cakes ('00' units).
Setting the total cost function equal to the revenue function, we have:
4.07 + 0.81 * Number of cakes = 10 * Number of cakes
Simplifying the equation, we find:
0.19 * Number of cakes = 4.07
Dividing both sides by 0.19, we get:
Number of cakes = 21.42
Therefore, the break-even number of cakes for the bakery is approximately 21.42 cakes.
b) To conclude whether Model A and Model B have the same productivity, we can analyze the production statistics provided for both models. Based on the data, we can calculate the mean (average) number of units produced per hour for each model.
Model A: (180 + 176 + 184 + 181 + 190 + 137) / 6 = 171.33
Model B: (195 + 194 + 190 + 192 + 187 + 185 + 187) / 7 = 190.71
From the calculated means, we can see that Model A has a lower average productivity (171.33 units per hour) compared to Model B (190.71 units per hour). Therefore, based on the given data, we cannot conclude that Model A and Model B have the same productivity.
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1. Review accounting principles unique to the client's industry 2. Determine the likely users of the financial statements 3. Evaluate the appropriate financial statement measures for determining amounts likely to be considered material by users of the financial statements 4. Identify whether any specialists are required for the engagement 5. Send an engagement letter to the client
Answer:
Follows are the solution to the given point:
Explanation:
In point 1, the answer is to understand the company and industry consumers. In point 2, the answer is it allows consumers and execute the originally scheduled audit. In point 3, the answer is it sets sample representative on materiality or materiality in results. In point 4, the answer is it consider consumers and execute the originally scheduled review. In point 5, the answer is it allows customers and execute the originally scheduled audit.TRUE/FALSE. Although companies believe in and rely heavily on advertising, some people have significant misperceptions about advertising and what it's supposed to do.
Although companies believe in and rely heavily on advertising, some people have significant misperceptions about advertising and what it's supposed to do. The statement is true.
Advertising is a crucial component of marketing, designed to inform and persuade consumers about a product or service. Through various media such as television, print, digital, and outdoor, advertising delivers a message to a targeted audience, creating brand awareness and driving sales. However, advertising is not without its criticisms. Some people view it as manipulative or misleading, and question its ability to influence consumer behavior. Despite these concerns, companies continue to invest heavily in advertising because of its potential to reach and engage with consumers on a large scale. Advertising can be effective in building brand recognition and driving sales, but it is just one piece of the larger marketing puzzle. A well-rounded marketing strategy should also include other tactics such as public relations, market research, and social media.
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In the Construction version of the Confined Space Entry
Standard, a "Multiple Employer Site" can include blank and a host employer
a "Host Employer".
A. a "Controlling Contractor" (general contractor)
B. "Entry Employers" (subcontractors)
C. "Controlling Employers"
D. Both A and B are correct.
and
The right response is D. A and B are both true.
A "Multiple Employer Site" in the Confined Space Entry Standard for Construction can have both a "Entry Employer" (subcontractor) and a "Controlling Contractor" (general contractor). A "Host Employer" is likewise regarded as a component of the multiple employer site. As a result, both choices A and B are accurate.
QUESTIONS: What is the state’s role in enforcing federal drug laws? Even in states where marijuana is legal, many large employers have company-wide policies that prohibit the hiring of anyone who tests positive for recent marijuana use. How do you think Congress should respond to protect the rights of citizens to sell and use marijuana in states where it is legalized while protecting the interests of employers? Given this complex dynamic and the legal theory of preemption, do you think marijuana is really legal in the states in which it is legalized? Why or why not
Answer:
States have a high duty to adhere to the federal laws and state rule as well, wherever it is applicable. But in case the state has unique requirement, it may enact and enforce its own law which suits the local population rather than use of federal law. When it comes to federal drug laws, the states have a responsibility to work along with the federal authorities and government to make sure that the laws are in place. This includes not bringing about conflicting laws.
Congress should allow the employers to set their own rules. For example, if an employer does not allow employees to drink during working hours, there is no problem with it. Similarly if an employer chooses not to hire anyone with visible tattoo on their body, then that is completely employers’ discretion. Similarly if the employers have company wide policy to avoid marijuana, then that is employers’ business. There are many NGOs where the employers do not allow smoking or recruit smokers. There is nothing wrong with it. Now, unless an employee has medical justification for consuming marijuana, the employer should be within their right to decide on action on the employee. This is why Congress should not interfere in the employer-employee relationship.
Given that in absolute conflict, the federal laws trump the state laws, marijuana is not legal in any of the states even if the state law permits it. The only reason the US Government is not taking action against recreational marijuana in the mentioned states is because it is too cumbersome and the outcome is not that significant. There is not a great deal of state benefit by arresting the farmers growing marijuana or the people distributing it. Thus it is still illegal but the government is not acting upon it.
The comparative balance sheets of Sloan Company reveal that accounts receivable (before deducting allowances) increased by $15,000 in 2016. During the same time period, the allowance for uncollectible accounts increased by $2,100. If sales revenue was $120,000 in 2016 and bad debts expense was 3% of sales, how much cash was collected from customers during the year
Answer:
$103,500
Explanation:
The computation of the cash collected from customers is shown below:
= Sales revenue - Increase in accounts receivable - written off amount
where,
Increase in account receivable = $15,000
Sales revenue = $120,000
Since
Bad debt expense = 3% of sales
So, Bad debt expense
= $120,000 × 3%
= $3,600
Now the written off amount is
= $3,600 - $2,100
= $1,500
So, the cash collection from customers is
= $120,000 - $15,000 - $1,500
= $103,500
J&E Enterprisesi s considering and investment which produces no cash flows for the first year. In the second year, the cash inflow is $47,000. This inflow will increase to $198,000 and then $226,000 for the following two years, respectively, before ceasing permanently. The initial investment will cost $318,000. The firm requires a 15.5 percent rate of return and has a required discounted payback period of three years. Should the project be accepted. Why or why not?
Year Cash flow Discounted cash flo Cumulative cash flo
1 $0 $0.00 $0.00
2 $47,000 $35,321.72 $35,231.72
3 $198,000 $128,504.77 $163,736.49
4 $226,000 $126,993.21 $290,729.70
Answer:
No
The amount of cumulative discounted cash flows is less than the the amount invested in the project. This means that the project is unprofitable.
Explanation:
The discounted cash flow method calculates how long it takes to recover the amount invested in a project from its cumulative discounted cash flow.
A project should be accepted if the amount invested in the project is recovered from the cumulative discounted cash flow within the period specified by the firm.
The cumulative discounted cash flow, $290,729.70 is less than the amount invested $318,000. So the project shouldn't be accepted.
I hope my answer helps you
you will research one publicly traded company. When you post your initial posting, open a new thread with the name of your company as the title: "Company Name"
You are to locate and provide the following information in your opening post:
1) Company name
2) Industry that the company operates in and primary products (2 or 3)
3) Primary competitors (list 2 or 3)
What key financial and business information did you find that stood out to you?
4) Provide a gauge on your comprehension of the financial statements you see in Week 5 versus how you might have viewed them prior to this course. What’s the one most significant aspect found in one of the statements that stands out?
5) Also, tell us what you discovered in this search. It could be related to your company and/or its competitors as well as the process of locating this information.
Company Name: Nestlé
2. Industry and Primary Products: Nestlé operates in the food and beverage industry and offers a diverse range of products such as Baby food and infant nutrition, Bottled water and beverages, etc.
3. Nestlé faces a lot of competition and its primary competitors are:
The Coca-Cola Company Mondelez International4. Earlier to this course, my comprehension of money related ideas was constrained. But, after considering the work in Week 5, I presently have understanding better; a much better; a higher; a stronger in terms of monetary explanations.
One significant aspect that stands out in Nestlé's financial statements is its high profitability.
5. Discoveries in the Search:
Nestlé includes a worldwide presence and works in a assorted run of item categories, permitting it to cater to various customer inclinations.The company has been proactive in adjusting to changing customer requests, centering on more beneficial item offerings.What is the Company?Nestlé is a consumer goods corporation that specializes in food and drink products and operates internationally. Nestlé, which is based in Vevey, Switzerland, boasts an extensive range of products spanning multiple categories.
Some of its primary product categories include:
One of its product lines is beverages, which encompasses bottled water, coffee, tea, and a diverse variety of soft drinks.
Nestlé has gained a reputation for offering a vast selection of dairy items, encompassing milk, yogurts, cheese, and ice cream.
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Which portion of Health Science appeal to you? Could you see yourself in this industry?
Answer:
Health Science is a diverse field that encompasses various disciplines, including medicine, nursing, public health, biomedical research, and more. As a Health Science student, you may find yourself drawn to specific areas of study based on your interests, skills, and career goals.
For example, if you enjoy working with patients and have a desire to help people, you may be interested in pursuing a career in nursing or medicine. If you have a passion for research and innovation, you may want to consider biomedical research or pharmaceutical development. Alternatively, if you are interested in promoting health and wellness in communities, you may find public health to be an appealing field.
Ultimately, the area of Health Science that appeals to you the most will depend on your personal interests and career aspirations. It is a challenging but rewarding field that requires hard work, dedication, and a lifelong commitment to learning. If you are passionate about making a positive impact on people's lives and improving health outcomes, then Health Science may be the perfect field for you.
Answer:
I do not have personal preferences or desires. However, I can assist in various aspects of Health Science such as providing information about medical conditions, tracking fitness goals, reminding users to take their medication, and connecting users with healthcare professionals. I am planning to be versatile and adaptable to different industries, including the healthcare industry.
Yes, I noticed that! We produce needle-safe gloves as well. When we increased our quantity supplied of masks, we needed to pull more resources - like labor hours - from the production of gloves to masks. In terms of gloves, we:
It is possible that the supply of gloves has dropped if you have expanded the supply of masks while cutting back on the manufacturing of gloves.
Will there be a shortage or excess as a result of the price cap?A price cap that is higher than the competitive equilibrium price will result in a surplus. If the price cap is less than the cost of competitive equilibrium, a scarcity will result.
What transpires in the event of a price cap?Price ceilings prevent an increase in price above a certain point. When a price ceiling is set below the equilibrium price, there will be excess demand or shortages since the amount needed will be more than the amount available. Price ceilings prevent a price from falling below a predetermined discount.
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what is enterprenuer
Answer:
person who have an idea to start a business
Answer:
a person who starts up a business in order to make profit
When actual output exceeds potential, firms have an easy time keeping production in line with the high demand. Firms therefore lower their prices by more than the usual amount in an attempt to cover increased production costs. When actual output falls below potential, firms easily keep production in line with the high demand. Firms therefore raise their prices by more than the usual amount in an attempt to cover increased production costs. When actual output exceeds potential, firms struggle to keep production in line with the high demand. Firms therefore raise their prices by more than the usual amount in an attempt to cover increased production costs. When actual output exceeds potential, firms struggle to keep production in line with the high demand. Firms therefore lower their prices with decreased production costs.
A. True
B. False
Answer: When actual output exceeds potential
Firms raise their prices by more than the usual amount in an attempt to cover increased production costs.
Explanation: The price level rises because employers have to raise wage rates to entice more people into the labor market and employers have to pay more for other inputs that become more expensive to produce.
Mazu Mavuso is a 43-year-old South African resident who was employed by Veg & Fruit Limited, a South African company, until 30 November 2022. On 30 November 2022, Veg & Fruit Limited ceased its operations and the pension fund that Veg & Fruit Limited established for its employees also closed down. The Veg & Fruit Limited pension fund paid out R80 000 to Mazu Mavuso during the 2023 year of assessment. All Mazu Mavuso's pension fund contributions have been deducted in the determination of his taxable Income. Mazu Mavuso also decided to join a retirement annuity fund, to which he made a total contribution of R7 000 during the 2023 year of assessment. For the 2023 year of assessment, Mazu Mavuzo's receipts and expenses were as follow: Salary Director's fees earned Local dividends from South African companies Local interest from a non 'tax free investment' Pension fund contributions at 6.5% of his salary Retirement annuity fund contributions Qualifying medical expenses paid Donation to a qualifying section 18A Public Benefit Organisation R 720 000 110 000 45 000 24 500 ? 7 000 61 630 6 000 Calculate Mazu Mavuso’s taxable income for the 2023 year of assessment. (25 marks) 1.2) Calculate Mazu Mavuso’s total normal tax liability for the 2023 year of assessment. Assume that Mazu Mavuso had a taxable income of: • R770 900 before any retirement fund lump sum withdrawal benefits. • R843 900 after any retirement fund lump sum withdrawal benefits. (17 marks) Competency Framework Reference: E1.2 Interpretation of tax legislation b) Demonstrate the ability to apply the principles of tax interpretation to any new or unfamiliar tax legislation. E1.3 Application of tax legislation to calculate tax obligation a) Analyse the taxpayer’s tax profile. c) Apply the relevant law to the facts, determine the tax position and compute the tax payable (VAT or normal tax) for individuals and companies.
Explanation:
to calculated this question to solve
What is a residual plot?
Answer:
A residual plot is a graph that has on the vertical axis, the residuals and on the horizontal axis, the independent variable.
Explanation:
The residual plot gives a representation of the closeness of how each data point is vertically from the graph of the prediction equation from the model. It shows a fairly random pattern. If the data point is above or below the graph of the prediction equation of the model that is supposed to be the most appropriate for the data.
It is typically used to find problem with regression
Activities would you perform as an entrepreneur?
Answer:
no. because why it make since to person as an entrepreneur
For each item below, indicate whether a debit or credit applies.
a. Decrease in Notes Payable select an option
b. Increase in Dividends select an option
c. Increase in Common Stock select an option
d. Increase in Unearned Rent Revenue select an option
e. Decrease in Interest Payable select an option
f. Increase in Prepaid Insurance select an option
g. Decrease in Salaries and Wages Expense select an option
h. Decrease in Supplies select an option
i. Increase in Revenues select an option
j. Decrease in Accounts Receivable
Answer and Explanation:
The indication of each transaction is as follows
a. Note payable contains credit balance so if there is decrease so it would be shown on the debit side
b. Dividend contains debit balance so if there is an increase so it would be shown on the debit side
c. Common stock contains credit balance so if there is an increase so it would be shown on the credit side
d. Unearned rent revenue contains credit balance so if there is an increase so it would be shown on the credit side
e. Interest payable contains credit balance so if there is decrease so it would be shown on the debit side
f. Prepaid insurance contains debit balance so if there is an increase so it would be shown on the debit side
g. Expense contains debit balance so if there is an decrease so it would be shown on the credit side
h. Supplies contains debit balance so if there is an decrease so it would be shown on the credit side
i. Revenue contains credit balance so if there is an increase so it would be shown on the credit side
j. Account receivable contains debit balance so if there is an decrease so it would be shown on the credit side
What does the Myers-Briggs Type Indicator classification of "E or I" stand for?
The Myers-Briggs Type Indicator classification of "E or I" stand for: C) extroverted/introverted.
What is Myers-Briggs personality trait?Myers-Briggs personality trait simply refers to a type of personality indicator or a self-report inventory that was designed and developed by Isabel Myers and Katherine Briggs to identify an individual's personality type, preferences, and strengths.
Additionally, the Myers-Briggs Type Indicator classification comprises the following four (4) categories:
Introversion or extraversion.Sensing or intuition.Thinking or feeling.Judging or perceiving.According to the Myers-Briggs personality trait, the type indicator classification of "E or I" simply represents extroverted or introverted.
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Complete Question:
What does the Myers-Briggs Type Indicator classification of "E or I" stand for?
A) extroverted/intuitive
B) emotional/introverted
C) extroverted/introverted
D) emotional/intuitive
E) sane/reflective
subway uses an assembly line analogy to organize its manufacturing and deliver their customer experience. which of the following illustrative examples did dr. ford discuss as fast-casual restraint that likely used subway as an analogy for its business model?
Dr. Ford discussed Panera Bread as the fast-casual restraint that likely used Subway as an analogy for its business model.
Subway uses an assembly line analogy to organize its manufacturing and deliver their customer experience. Customers of Subway can design their own sandwiches and can choose the ingredients they want. Each of the ingredients is placed in front of the sandwich maker in order for them to choose from. The customer's sandwich is created by the sandwich maker by assembling the ingredients onto the bread in the customer's desired order. Similarly, a car is built on an assembly line where each of the parts is assembled and then put together into a final product.
A fast-casual restaurant is a type of restaurant that is midway between fast-food and casual dining. It usually has a more upscale decor and a more extensive menu than fast food restaurants. Fast-casual restaurants often provide healthy and fresh food with a focus on quality ingredients.
Examples of fast-casual restaurants are Chipotle, Panera Bread, Shake Shack, and Sweetgreen.
An analogy is a comparison between two things that are alike in some way but are not the same. An analogy is used to explain complex or abstract ideas by showing how they are similar to something that is easier to understand. For example, life is like a journey, where both involve starting from one place and moving towards another, facing obstacles along the way.
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Answer:
Hi there what is your question
hope you have an awesome day
Explanation: