Ashley Robertson works for MRK all year and earns a monthly salary of $ 11,900. There is no overtime pay. Ashley's income tax withholding rate is 20 % of gross pay. In addition to payroll taxes, Ashley elects to contribute 2% monthly to United Way. MRK also deducts $ 125 monthly for co-payment of the health insurance premium. As of September 30, Ashley had $ 107,100 of cumulative earnings.
Required:
1. Compute Ashley's net pay for October. (Round all amounts to the nearest cent.) Withholding deductions: Net (take-home) pay
2. Journalize the accrual of salaries expense and the payment related to the employment of Ashley Robertson.
Answers
Answer:
1. Compute Ashley's net pay for October.
Ashley's net pay = $11,900 - $2,380 - $238 - $125 - $737.80 - $172.55 = $8,246.65
2. Journalize the accrual of salaries expense and the payment related to the employment of Ashley Robertson.
Dr Wages expense 11,900
Dr FICA expense 910.35
Cr Federal income tax withholding payable 2,380
Cr United Way contribution payable 238
Cr Health insurance payable 125
Cr FICA Social Security withholding payable 737.80
Cr FICA Medicare withholding payable 172.55
Cr FICA Social Security tax payable 737.80
Cr FICA Medicare tax payable 172.55
Cr Wages payable 8,246.65
Dr Federal income tax withholding payable 2,380
Dr United Way contribution payable 238
Dr Health insurance payable 125
Dr FICA Social Security withholding payable 737.80
Dr FICA Medicare withholding payable 172.55
Dr FICA Social Security tax payable 737.80
Dr FICA Medicare tax payable 172.55
Dr Wages payable 8,246.65
Cr Cash 12,810.35
Explanation:
monthly salary $11,900
income tax withholding rate 20% = $11,900 x 20% = $2,380
union contribution 2% = $11,900 x 2% = $238
health insurance $125
cumulative earnings September 30, $107,100
FICA taxes:
social security 6.2% = $737.80
Medicare 1.45% = $172.55
no FUTA tax applies
Related Questions
Complete The Cash Flow Cycle
Answers
Answer:
i think you can do it
Explanation:
sorry
is it worth being in the national honors society? , if so why?
Answers
I got invited to join national honors society but I decided not to do it because you're kinda expected to do a lot. It sounds stressful to constantly have to keep your grades high and fulfill the other requirements they set for you. It sounds hard to manage on top of everything else you may have going on in your life.
However, to some it may be worth it because it sets a great image for you especially if you plan on going to college. By keeping your grades high all year long you'll get benefits to college and are more likely to get accepted in wherever you want to go. It's up to you to decide if it's worth it or not.
4. Gardening, Inc., borrowed $94,500 at 11.65 percent ordinary interest for 15 days:
What is the maturity value?
Answers
Answer:
$ 94952.434
Explanation:
94500 x 11.65% divide that by 365 days (1 year) ---A
Multiply that ans. (A) by 15 days ( according to question)
on 9 OT 25
Which type of checking account charges a small fee for every check that
clears the account?
A. Cost-per-check account
B. Average balance account
C. Minimum balance account
o
D. Free account
Answers
step-by step
Answer:
A. Cost-per-check account
Explanation:
Ap3x
instance, think about the jobs listed below. While those in positions like these get to work
in and around show business, the functions they perform are based right in the clusters we
considered today: Business Management, Finance, Marketing and Sales. See if you can
search online to find what is involved with these three specific jobs. Can you find an example
of someone who holds this position? What do the do? How might their job allow them to
feel like a part of Hollywood?
Senior Vice President of Theatre Operations
Media Production Accountant
Social Media Director, Film Marketing Agency description of each of the three careers that you researched, including what tasks the
job requires and why the job is so important
2. A breakdown of the education requirements for each career, including subjects that might
be beneficial in preparing for each career
3. The projected annual salary for someone in each career and the job outlook according to
the Bureau of Labor
4. A summary of why you think this job is a good choice for someone who is interested it
"show business*
Answers
Each of these careers can be a good choice for someone interested in "show business" as they offer opportunities to work closely within the entertainment industry and contribute to its success. They provide a chance to be involved in the operations, financial management, marketing, and promotion of films and theaters.
Senior Vice President of Theatre Operations:
This role involves overseeing the operations and management of theaters within a company. Responsibilities may include developing and implementing operational strategies, managing budgets and financial performance, coordinating with production teams, ensuring smooth theater operations, and enhancing the overall customer experience. An example of someone who holds this position is Mark Manuel, Senior Vice President of Theatre Operations at AMC Theatres.
Media Production Accountant:
A media production accountant is responsible for managing the financial aspects of film and television production. They handle budgeting, cost tracking, payroll, financial reporting, and ensuring compliance with industry regulations. Their role is crucial in managing the financial resources of a production, tracking expenses, and providing accurate financial information for decision-making. Relevant education in accounting or finance is essential for this career, and knowledge of the entertainment industry can be beneficial.
Social Media Director, Film Marketing Agency:
As a social media director in a film marketing agency, the role involves developing and implementing social media strategies to promote films. They oversee social media campaigns, manage content creation, engage with audiences, analyze performance metrics, and work closely with marketing teams. Their job is important in building an online presence, creating buzz, and engaging fans within the film industry. A background in marketing, communication, or digital media is typically desired for this role.
Each of these careers can be a good choice for someone interested in "show business" as they offer opportunities to work closely within the entertainment industry and contribute to its success. They provide a chance to be involved in the operations, financial management, marketing, and promotion of films and theaters. These roles allow individuals to work behind the scenes, making critical decisions and supporting the overall success of productions. Additionally, being part of the entertainment industry can be exciting and fulfilling for those passionate about the world of show business.
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What is the main difference between private and government consumer advocacy employers?
a. working directly with consumers
b. who is allowed to work for them
c. funding resources
d. allowance of lobbyism
Answers
Answer:
C. funding resources
Your welcome :)
Help ASAP
Applying the conept of "Thinking at Margin" which of the following statements are relevant for a TV manufacturer to make a decision:
the average revenue of a television is $114.55
the average cost of 10 televisions is $100 each, while the 11th one requires the hiring of an extra truck for deliveries at $50
the total cost of a television is $1104.55
the average cost of a television is $104.55
Answers
Applying the concept of "Thinking at Margin", the relevant statement for a TV manufacturer to make a decision is: the average cost of 10 televisions is $100 each. Option C. This is further explained below.
What is Thinking at Margin?Generally, It implies giving some thought to the next move you will take. "extra" is the meaning of the term "marginal." On a hot day, the first glass of lemonade you drink satisfies your thirst, but the subsequent glasses may not have the same effect.
When you ponder at the margin, you are contemplating what the next or subsequent action will entail for you personally.
In conclusion, Using the "Thinking at Margin" methodology, the important statements for a television maker to consider while making a choice are as follows: the typical cost of producing 10 TVs is $100 apiece. Alternative C
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6. The Center for Child Care reports on 539 children and the marital status of
their parents. There are 333 married, 182 divorced, and 24 widowed parents.
What is the probability a particular child chosen at random will have a parent
who is divorced? Which approach did you use?
Answers
Answer:
0.338
Explanation:
The probability of an event happening is between o and 1. A 1 guarantees the event will happen while 0 means it won't happen.
In this case, The total number of students is 539. One hundred eighty-two have divorced parents. The probability of getting a child with divorced parents is 182 in a population of 539.
It is represented as a decimal as below
=182/539
=0.33766
=0.338
A stock is expected to pay dividends of $1.20 per share in Year 1 and $1.35 per share in Year 2. After that, the dividend is expected to increase by 2.5% annually. What is the current value of the stock at a discount rate of 14.5%
Answers
Answer:
$10.8734
Explanation:
The computation of the current value of the stock is shown below:
D1 = $1.20
D2 = $1.35
D3 = 1.35 × 1.025 = 1.38375
g = 2.5% = 0.025
Now as we know that
P2 = D3 ÷ (r - g)
where,
Price in year 2 = P2 = $1.38375 ÷ (0.145 - 0.025)
= $11.53125
So Current Price is
= $1.20 ÷ 1.145 + $1.35 ÷ 1.145^2 + $11.53125 ÷ 1.145^2
= $10.8734
A small manufacturing firm produces one product. The budgeted sales for the month of January 2021
are for 10,000 units as a selling price of Sh. 2,000 per unit. Other details are as follows;
1. Two components of input are used in the production of one unit of output.
Component (Input) Number Unit cost of each component
X 5 20
W 3 10
2. Stocks at the beginning of the month are budgeted as follows;
4000 units of finished goods at a unit cost of sh. 1,050 per unit.
Component X: 16,000 units at a cost of Sh. 20.
Component W: 9,600 units at a cost of Sh. 10.
3. Production of each unit requires the following labour hours.
Department Hours per Unit Labour rate per hour
Production 4 100
Finishing 4 140
4. Factory overhead is absorbed into units cost on the basis of direct labour hours. The budgeted
factory overhead for the month is Sh. 1,920,000.
5.The administration, selling and distribution overhead for the month is budgeted at Sh.5,500,000.
6.The company plans a reduction of 50% in quantity of finished stock at the end of the month and
an increase of 30% in the quantity of each input component.
Required:
a)For the month of January 2021
i. Production quantity budget (3 marks)
ii. Materials quantity and purchase budget (4 marks)
iii. Direct Labor budget (3 marks)
b)The budgeted profit and loss account (5 marks)
Answers
Answer:a) Budgeted Production Quantity:Budgeted Sales = 10,000 unitsAdd: Desired Closing Stock = (10,000/2) = 5,000 unitsTotal Units Required = 15,000 unitsLess: Opening Stock = 4,000 unitsUnits to be produced = 11,000 unitsi. Production Quantity Budget = 11,000 unitsii. Materials Quantity and Purchase Budget:Component X:Units Required = (11,000 x 5) = 55,000 unitsAdd: Desired Closing Stock = (16,000 x 1.3) = 20,800 unitsTotal Units Required = 75,800 unitsLess: Opening Stock = 16,000 unitsUnits to be purchased = 59,800 unitsTotal Cost = (59,800 x 20) = Sh. 1,196,000Component W:Units Required = (11,000 x 3) = 33,000 unitsAdd: Desired Closing Stock = (9,600 x 1.3) = 12,480 unitsTotal Units Required = 45,480 unitsLess: Opening Stock = 9,600 unitsUnits to be purchased = 35,880 unitsTotal Cost = (35,880 x 10) = Sh. 358,800iii. Direct Labor Budget:Department Production Finishing Total
Hours 44,000 44,000 88,000
Rate 100 140
Total Cost = (44,000 x 100) + (44,000 x 140) = Sh. 15,840,000b) Budgeted Profit and Loss Account:Sales Revenue = (10,000 x 2,000) = Sh. 20,000,000Less: Cost of Goods Sold:Direct Materials = (1,196,000 + 358,800) = Sh. 1,554,800Direct Labor = Sh. 15,840,000Factory Overhead = Sh. 1,920,000Total Cost of Goods Sold = Sh. 19,314,800Gross Profit = (Sales Revenue - Cost of Goods Sold) = Sh. 685,200Less: Selling and Distribution Overhead = Sh. 5,500,000Net Loss = (Selling and Distribution Overhead - Gross Profit) = Sh. 4,814,800
Explanation:
The graphs illustrate an initial equilibrium for the economy. Suppose that the stock market broadly increases.
Use the graphs to show the new positions of aggregate demand (AD), short-run aggregate supply (SRAS), and long-run
aggregate supply (LRAS) in both the short run and the long run, as well as the short-run and long-run equilibriums resulting
from this change. Then, indicate what happens to the price level and real GDP (or aggregate output) in the short run and in the
long run.
Answers
Since the stock market increases broadly, this has the effect of expanding the aggregate demand thus, shifting it rightwards. This consequently leads to an increase in price level and real GDP. See the Short Run Effect Graph.
In the Long Run, given that demand shifted to the right, this created an imbalance between demand and expected price levels.
All things being, equal the laws of demand and supply as it affects price trigger an upward adjustment in price hence creating a new equilibrium point. See the Long Run Effect Graph.
What is aggregate demand?Aggregate demand, also known as domestic final demand in macroeconomics, is the entire demand for final products and services in an economy at any particular time.
It is frequently referred to as effective demand, albeit this phrase is differentiated at times. This is a country's demand for its gross domestic output.
Aggregate demand is estimated by combining consumer expenditure, government and business investment spending, and net imports and exports. AD = C + I + G + Nx is the equation that represents it.
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(Economics)
In an essay of at least two well-developed paragraphs, explain the global benefits of international trade and multinational corporations.
Answers
International trade refers to the exchange of goods and services across national borders. It plays a significant role in promoting economic growth and providing several global benefits.
One of the primary advantages of international trade is that it allows countries to specialize in producing goods and services in which they have a comparative advantage. This means that countries can focus on producing goods that they can produce more efficiently and at a lower cost compared to other countries. As a result, resources are allocated more efficiently, leading to increased productivity and higher standards of living.Furthermore, international trade enables countries to access a wider variety of goods and services that may not be available domestically. This increases consumer choices and provides opportunities for individuals to enjoy a higher quality of life. For example, consumers in a landlocked country can still enjoy fresh seafood by importing it from coastal countries. Similarly, individuals in colder climates can purchase tropical fruits from countries where they are grown.Multinational corporations (MNCs) also contribute to the global benefits of international trade. These are companies that operate in multiple countries, with business activities ranging from production to distribution. MNCs play a crucial role in facilitating international trade by establishing global supply chains, investing in foreign markets, and creating jobs. They bring capital, technology, and managerial expertise to host countries, which can lead to economic development and improved living standards.Moreover, MNCs often engage in research and development (R&D) activities, driving innovation and technological advancements. This can have far-reaching benefits for both the host country and the global economy. For instance, a multinational pharmaceutical company conducting R&D in a developing country may discover new drugs or medical treatments that can benefit people worldwide.In conclusion, international trade and multinational corporations provide numerous global benefits. They promote specialization, resource allocation efficiency, and access to a wider variety of goods and services. Additionally, MNCs contribute to economic development, job creation, innovation, and technological advancements. Overall, international trade and MNCs play a crucial role in fostering economic growth and improving the well-being of individuals and nations around the world.
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Slove 56 is 5 1/2% of what
Answers
For the mentioned problem, 56 is 5¹/₂ percent of 1018.08.
What is percent?In mathematics, percentage is said to be a number or ratio expressed as a fraction of 100. It is commonly represented by the percent sign '%', but abbreviations such as 'pct.', 'pct', and 'pc' may also be used. Percentages are dimensionless numbers as they have no units of measure.
Percent may be calculated by dividing the value by the total and multiplying the result by 100. The equation used to calculate the percentage is (value/total) * 100%.
For the given question:
5¹/₂% = 11/2%
11/2% of x = 56
(11/200) × x = 56
x = 56 × (200/11)
x = 1018.08
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Jill is a warehouse clerk at a big-box appliance store. Which step should Jill take first if she wants to
transition into a management position?
Select an answer:
She should pursue a degree in information technology.
She should look for opportunities to be promoted.
She should search for a company involved with supply chain management.
She should ask to be transferred to the sales floor.
Answers
Managerial positions are roles in which someone oversees the task capabilities of some other individual or a group of people. Managers also might oversee the operation of a particular characteristic inside a company's senior-stage
Managers possess the knowledge and understanding of manual supervisors of their roles. due to the fact this position is a stage up from the function of a manager, the extent of responsibility increases in a broader scope. The senior identity typically follows the manager's heritage, where they oversee their branch.
If the manager is a high-ranking identity, then an assistant manager may have authority. but, in a few businesses, an Assistant supervisor may be one that oversees operations, executes strategies, and helps personnel while not having direct authority over the personnel.
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what are the challenges associated with not being ‘tech savvy’ in 2023?
Answers
As the world keeps advancing technologically, being tech-savvy becomes increasingly important. However, not being tech-savvy in 2023 may pose a lot of challenges. Some of these challenges are :Job Market, Learning,Communication,Security.
Job Market: In 2023, there will be more tech-based jobs than there currently are. Being not tech-savvy would make it difficult for an individual to secure employment in such sectors. This means that those who are not tech-savvy would be limited to jobs that require no technical skills.Learning: Due to the increased importance of technology, those who are not tech-savvy would find it challenging to learn new things. This means that they would be unable to benefit from new technology, apps, and software that are released in the market. They may also face difficulties while navigating technology-based environments.Communication: In 2023, communication will be more technology-driven than ever before. Those who are not tech-savvy may find it challenging to communicate with others effectively. This may lead to miscommunication and misunderstandings which could impact personal and professional relationships.Security: Cybersecurity is a significant concern in today's world. Not being tech-savvy could make it difficult for an individual to secure their information, devices, and accounts. This could lead to loss of data, identity theft, and other forms of cybercrime.In conclusion, being tech-savvy in 2023 is essential to success, as the world will be driven by technology. Those who do not embrace technology may find themselves limited in terms of employment opportunities, communication, and personal security.
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Conduct a needs assessment to determine how a network could benefit your family. Use three to five sentences to describe the results of your assessment. If you have more than one computer in your home, conduct the needs assessment based on the number of computers in your home. If you don't have one or more computers in your home, conduct the needs assessment as though every family member in your home over the age of five had their own computer.
Answers
The improvement of communication and information accessibility, the practical sharing of resources, data sharing, increased cost efficiency, and affordability are all advantages of family networks.
What use do needs analyses of computer networks serve?The organization's current IT infrastructure, operational processes, security, compliance, management, and performance are confirmed by a network review. This aids in evaluating the state and overall health of your IT infrastructure and reveals any areas that need to be improved.
What is the biggest benefit of a network?Your network can be a fantastic source for novel perspectives and ground-breaking concepts that will help you in your career. Learning from the problems, experiences, and goals of others is one of networking's key benefits.
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explain Milton Friedman’s arguments against stakeholder theory
Answers
Friedman's main argument against stakeholder theory was that businesses have a sole responsibility to their shareholders, who have invested their money in the company with the expectation of earning a return on their investment. According to Friedman, businesses that try to satisfy the demands of various stakeholders, such as employees, customers, and suppliers, at the expense of shareholder returns are engaging in "socialist" behavior that undermines the efficient operation of the market economy.
Friedman also argued that businesses should not take on social or political causes because they lack the expertise and democratic legitimacy to do so. In his view, social and political issues are best addressed by government institutions and civil society organizations, not by businesses.
Furthermore, Friedman believed that businesses that engage in activities that benefit society, such as philanthropy or environmental initiatives, are effectively taxing their shareholders to support social causes that they may not agree with. He argued that it is not the role of businesses to make such decisions, but rather the role of individual shareholders and society as a whole.
Overall, Friedman's arguments against stakeholder theory were grounded in his belief that the sole responsibility of businesses is to maximize profits for their shareholders, and that businesses should not engage in activities that are outside of their core competencies or that may negatively impact shareholder returns.
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Ronald is interviewing at a large orthopedic clinic for a job that includes the duties of submitting claims for reimbursement, reviewing denials, settling billing matters, applying general accounting principles, and dealing with any other issues or follow-up on claims. Identify the area in which Ronald will be working.
(A) Deterministic algorithm
(B) Revenue cycle
(C) R-ADT
(D) Chargemaster
Answers
The area in which Ronald would be working in the Orthopedic clinic for the specified job is:
(D) ChargemasterWho is a Chargemaster?This refers to the person whose job in a hospital is to provide billing information to patients, and is also in charge of claims and also general accounting principles.
With this in mind, we can see that the area which Ronald would be working in the Orthopedic clinic if he gets the job would be Chargemaster as he in charge of overall accounting and billing duties.
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which activity is an economic activity?
a / watching tv
b / reading a book
c / playing video games
d / helping a friends decorate for a party
e / selling vegetables and fruits
Answers
Answer:
e
Explanation:
by buying goods you are stimulating the economy
During each stage of a product's life cycle, the types and levels of sales, profits, and competition rise, peak, and eventually decline.
a. True
b. False
Answers
Answer:
a
Explanation:
this is due to the initial uptake for the product . it levels to repeat customers but others drop off the sales due to other reasons
). As a group leader in your business studies class, describe to your members how you would use external debt to finance your business?
Answers
As group leader in our business studies class, if we were to consider using external debt to finance our business, I would first ensure that we thoroughly research and understand types of external debt available to us.
What is external debt?External debt is the portion of a country's total debt that is owed to foreign lenders or creditors. This can include loans, bonds, and other forms of borrowing that are taken on by governments, businesses, or individuals in one country but owed to lenders in another country. External debt can be denominated in the borrower's domestic currency or in a foreign currency, and it is usually subject to repayment with interest. The level of external debt can have significant economic implications for a country, as it can impact the country's creditworthiness, ability to attract foreign investment, and overall financial stability. High levels of external debt can also increase a country's vulnerability to economic shocks, such as changes in exchange rates or fluctuations in global interest rates.
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The sovereign rating for Vietnam is B2 (with a default spread of 5%), the standard deviation in the Vietnamese equity index is 30% and the standard deviation in the Vietnamese government bond is 24%. If the premium for a mature market (say, the US) is 5.5%, estimate the total equity risk premium for Vietnam.
Answers
Answer:
The total equity risk premium for Vietnam was 11.13 as of January 1st, 2023 according to Damodaran Online. The total equity risk premium starts with a mature market premium and adds a country risk premium based on the risk of the country in question. The country risk premium for Vietnam is estimated to be 5%.
Given that the premium for a mature market (say, the US) is 5.5%, we can estimate the total equity risk premium for Vietnam as follows:
Total Equity Risk Premium = Mature Market Premium + Country Risk Premium Total Equity Risk Premium = 5.5% + 5% Total Equity Risk Premium = 10.5%
Therefore, the estimated total equity risk premium for Vietnam is 10.5%.
I hope this helps!
Explanation:
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Why does the United States have an advantage over other countries in producing many different products for export?
Consumption greater than production
Abundance of natural resources
Lowest unemployment rate
Mandatory education
Answers
The United States has several advantages that contribute to its ability to produce and export a wide range of products. While the factors involved are complex and interconnected, here are some key reasons:
Advanced Industrial Base: The United States has a highly developed and technologically advanced industrial base. It has a long history of innovation, research and development, and investment in advanced manufacturing techniques. This allows American companies to produce a diverse range of high-quality goods efficiently and at competitive prices.
Skilled Workforce: The United States has a well-educated and skilled workforce. Its emphasis on education, particularly in science, technology, engineering, and mathematics (STEM) fields, helps develop a pool of talented workers who can contribute to various industries. This skilled labor force enables the production of complex and sophisticated products.
Technological Leadership: The U.S. is known for its technological leadership in many sectors. The country has a strong presence in industries such as aerospace, information technology, biotechnology, pharmaceuticals, and more. This technological edge allows American companies to develop and manufacture cutting-edge products that have a global demand.
Access to Capital: The United States has a robust financial system and access to substantial capital. This availability of funding supports research and development, innovation, and investment in production capabilities. It allows companies to expand their operations, develop new products, and improve existing ones, giving them a competitive advantage in the global market.
Large Domestic Market: The United States has a sizable domestic market, which provides a significant incentive for companies to produce a wide range of goods. A large market size allows for economies of scale, which can lead to cost efficiencies and improved competitiveness. Moreover, serving a diverse domestic market helps companies gain valuable insights and refine their products before venturing into international markets.
Infrastructure: The United States has a well-developed infrastructure, including transportation networks, communication systems, and logistics capabilities. Efficient infrastructure enables the smooth movement of goods within the country and facilitates export activities.
Natural Resources: While not all products require abundant natural resources, the United States possesses diverse natural resources, including agricultural resources, minerals, energy sources, and more. Access to these resources can be advantageous in sectors such as agriculture, energy, and manufacturing, enabling the production of various goods.
Intellectual Property Protection: The United States has a strong legal framework for intellectual property protection. This fosters innovation and encourages companies to invest in research and development, as they have confidence that their inventions and creations will be safeguarded. Intellectual property protection enhances the competitiveness of American companies in the global marketplace.
It's important to note that while the United States has advantages in certain areas, other countries also have their unique strengths and specialization in specific industries. International trade is a dynamic and complex system where countries can benefit from comparative advantages, specialization, and global supply chains.
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what is business ?please explain about it
Answers
Answer: business can be defined as an organization dedicated to do commercial and professional activities.
Explanation:
The word business can also be defined as the activities and efforts that a person makes in order to produce money. To do this, the person creates products or sells services to obtain a reward.
Currently, many people are taking the line of entrepreneurship, where they put their own businesses and become their bosses. They themselves develop their model of how they are going to distribute and market the products or services they have so that they reach the population.
The business is something that comes from ancient times. Barter was a way of doing business since if a person was interested in something that another had, they proceeded to make an exchange.
Every day, Josephine buys coffee and lottery tickets. She has a budget of $12. The coffee at the bodega she goes to costs $0.75 and lottery tickets are $1.50 each. Which equation represents Josephine's budget constraint?
Answers
Answer:
12= 0.75x +1.5y
Explanation:
Josephine's budget constraint is represented by 0.75 + 1.5x ≤ 12 and thus Josephine can buy 7 lottery tickets.
What is inequality?A difference between two values indicates whether one is smaller, larger, or basically not similar to the other.
A mathematical phrase in which the sides are not equal is referred to as being unequal. In essence, a comparison of any two values reveals whether one is less than, larger than, or equal to the value on the opposite side of the equation.
Let's say the number of lottery tickets that Josephine can buy = x
Then,
1.5x = the Total amount of money for a lottery ticket.
Now,
Coffee cost + Lottery cost ≤ Budget
0.75 + 1.5x ≤ 12
1.5x ≤ 11.75
x ≤ 7.5 so Josephine can buy only 7 tickets.
Hence "Josephine's budget constraint is represented by 0.75 + 1.5x ≤ 12".
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You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is
A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic
Answers
Answer:
C) price elastic.
Explanation:
In which situation would a banker's draft be used?
A. When a person is traveling in another country and does not want
to carry a lot of cash
B. When a buyer doesn't want to wait for the seller to confirm that
funds exist in an account
C. When a buyer wants to purchase a large number of items at once and wants the seller to have quick access to funds
D. When the person making the payment wants money to be
available in the receiving bank's account
Answers
Banker's draft can be used when the person making the payment wants money to be
available in the receiving bank's account.
What is bank draft?Banker's draft is a a form of cheque that is given to a customer at the bank either for a purchase payment.
It can also be brought to another bank for remittance, it serves as evidence for transactions.
Therefore, a banker draft can be used when the person making the payment wants money to be
available in the receiving bank's account.
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Answer:
D. When the person making the payment wants money to be
available in the receiving bank's account
Explanation:
A banker's draft is used as a guarantee of payment to another bank or financial institution. Nonetheless, when someone wants money to be available in the receiving bank's account they use a banker's draft.
A fast internationalization strategy for better generation has some associated risks. What are these risks?
Answers
Answer: Political risks eg High taxes
Economic risks eg fluctuation of exchange in currency.
Please see below for further explanation.
Explanation:
Internationalization strategy is the plan by an organization to expand beyond the domestic market to become globally visible in another country or countries market.
The risks associated Associated when a company, better generation tries to expand globally include
1.)Political risks:Political risk occurs when target countries policies change or fluctuates in such a way to negatively affect a business.
Some of the political risks include
---Instability in foreign country's governments due to corruption
---Government regulations eg High taxation, High tariff quotas
-----Trade barriers etc.
2.Economic Risks here refers to the conditions in the foreign nation's economy that affect a company's financial gains.
Some of the Economic risk include
-fluctuations in the value of currencies exchange.
-Inflation
-Quality of basic infrastructure in terms of electricity, transportation, accessible to water etc as the case may be.
--Labor and differences in wages.
1. You are the manager of a small store that specializes in hats, sunglasses, and other accessories. You are considering a sales promotion of a new line of hats and sunglasses. You will offer the sunglasses only to those who purchase two or more hats, so you will sell at least twice as many hats as pairs of sunglasses. Moreover, your supplier tells you that, due to seasonal demand, your order of sunglasses cannot exceed 100 pairs. To ensure that the sale items fill out the large display you have set aside, you estimate that you should order at least 210 items in all. Assume that you will lose $3 on every hat and $2 on every pair of sunglasses sold. Given the constraints above, how many hats and pairs of sunglasses should you order to lose the least amount of money in the sales promotion? [Using Graphic method]
Answers
We should order 70 hats and 140 pairs of sunglasses to lose the least amount of money in the sales promotion. It is calculated using linear optimization.
What is linear optimization?Linear programming (LP), also known as linear optimization, is a method for achieving the best outcome (such as maximum profit or lowest cost) in a mathematical model with linear relationships representing the requirements.
This is a linear optimization problem that can be solved using the graphic method.
The problem is set up as follows:
Let x be the number of hats and y be the number of pairs of sunglasses.
The constraints are:
y = 2x (because for every 2 hats sold, 1 pair of sunglasses is sold)
y <= 100 (because the supplier can only provide 100 pairs of sunglasses)
x + y >= 210 (because we want to sell at least 210 items in total)
x, y >= 0 (because the number of items sold cannot be negative)
The objective function is: -3x - 2y (because we lose $3 on every hat sold and $2 on every pair of sunglasses sold)
To graph the constraints, we can start by plotting the inequality y <= 100. This creates a line that goes from the origin (0,0) to (50,100) and is shaded in below the line.
Next, we can plot the inequality x+y >= 210 which creates a line that goes from (0, 210) to (210, 0) and is shaded in above the line.
Finally, we can plot the equation y = 2x, which represents the relationship between the number of hats and sunglasses sold.
The feasible solution for this problem is the point where the lines intersect and that lies within the feasible region. In this case, the point where the three lines intersect is (70, 140) which is the optimal solution.
Therefore, we should order 70 hats and 140 pairs of sunglasses to lose the least amount of money in the sales promotion.
To learn more about linear optimization visit,
brainly.com/question/25828237
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Which of the following statements about the W-2 form is TRUE?
1.AW-2 lists all the money you earned in cash over the last year
2. You need a separate W-2 form from EACH of your employers in order to file your taxes
3.The W-2 includes information about the interest you earned from your investments
4.The total wages you earned from ALL jobs you worked in the previous year appear on ONE W-2 form
Answers
Answer:
I believe it it the second option.
Explanation: