Explain the different types of taxes and fees assessed upon citizens by state and local governments? How are these various funds used?
Answers
Product classification is an important process of grouping products according to their use, market, pricing, and other important features. There are many ways in which products can be classified including consumer goods, industrial goods, luxury products, convenience products, and more.
The impact of product classification on industries is significant, as it can help companies better understand their target market, increase product visibility, and improve customer satisfaction. This leads to increased sales and revenue for the company. Product classification is also useful for companies that are looking to expand their product line, as it can help them identify gaps in the market that they can fill with their own products. The classification process can be particularly useful for industries that are experiencing rapid growth and change, as it can help companies stay ahead of the competition by identifying emerging trends and consumer preferences. Overall, product classification is an important tool for companies that want to stay competitive in their respective industries. By understanding the different ways in which products can be classified and their impact on the market, companies can develop effective marketing strategies, identify new opportunities for growth, and continue to innovate and improve their products and services. In conclusion, product classification plays a significant role in the success of a company in terms of revenue and profits. It helps companies identify their target market, increase product visibility, and improve customer satisfaction.
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Related Questions
The account of ABC Corp. prepared a statement of affairs. Total assets which there are no claims or liens are expected to produce P2,100,000. Unsecured claims of all classes totaled to P3,150,000.
The following are claims deemed outstanding:
Accrued salaries. P45,000
Unrecorded note for P30,000, on which P1,800 of interest has accrued
A note for P90,000 secured by P120,000 receivable, estimated to be 60% collectible
A P45,000 note on which P900 interest has accrued with a property having book value of P30,000 and a market value of P54,000 is pledged to guarantee payment of principal and interest.
Unpaid income taxes of P105,000.
What is the amount realized by partially secured creditors?
Group of answer choices
P72,000
P83,700
P90,000
P83,160
Answers
So, the amount realized by partially secured creditors is -$6,000.
The amount realized by partially secured creditors can be calculated as follows:
Secured claims that are expected to be collected in full:
P90,000 secured by P120,000 receivable (60% collectible) = P90,000 x 60% = P54,000
P45,000 note secured by P30,000 property = P45,000
Unsecured claims that are expected to be collected in full:
Accrued salaries = P45,000
Unrecorded note for P30,000 (100% collectible) = P30,000
Unsecured claims that are partially collectible:
P105,000 unpaid income taxes = P105,000
The amount realized by partially secured creditors can be calculated as follows:
P54,000 secured claims + P45,000 unsecured claims = P99,000
P99,000 - P105,000 = -$6,000
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Pretend you are President of the United States. The Citizens and the economy of the USA need financial assistance to get back on their feet. List and describe three fiscal Policies you would initiate (describe each policy in 3 sentences):
Answers
Assuming i am the President of U.S. and the country needs a financial assistance to get back on their feet. The most likely fiscal Policies we would initiate are the:
contractionary fiscal policyexpansionary fiscal policyWhat do we call a Fiscal policy?In economics, a fiscal policy refers to a governmental decision to increase or decrease taxation and spending. Most time, a Fiscal and monetary policy are often used together to influence the economy. But the fiscal policy can affect a company’s growth, hiring ability and taxes.
We have 3 types of fiscal policy which includes a neutral, expansionary, and contractionary fiscal policy. The neutral policy is one where government takes no steps to provide economic support because it feels the economy is healthy and stable, the expansionary fiscal policy mainly involves increasing spending or cutting taxes to prevent or end a recession or depression and the contractionary fiscal policy involves cutting spending or raising taxes to slow down unsustainable economic growth.
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Advertisements that attempt to target a large, diverse group of potential consumers rely on which of the following techniques? Market segmentation Mass marketing Mass advertising Differentiated marketing
Answers
Answer:
Mass marketing
Explanation:
Mass marketing is the title given to a marketing campaign that targets a wide range of audiences. In mass marketing, the business ignores market segmentation and employ a single strategy to sell to all customers. The objective of mass marketing is to reach as many potential buyers as possible.
Mass marketing is a contrast to targeted marketing, which aims to reach a specific group of customers.
Exercise 8-7 At December 31, 2018, Concord Corporation Company had a credit balance of $18,800 in Allowance for Doubtful Accounts. During 2019, Concord Corporation wrote off accounts totaling $13,500. One of those accounts ($3,500) was later collected. At December 31, 2019, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $30,700. Prepare journal entries to record the 2019 transactions of Concord Corporation Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answers
Answer:
Dr Allowance $13,500
Cr Accounts Recivable $13,500
Dr Accounts Recivable $3,500
Cr Allow ance $3,500
Dr Cash $3,500
Cr Accounts Rec $3,500
Dr Bad Debts Expense $21,900
Cr Allowance $21,900
Explanation:
Preparation of the journal entries to record the 2019 transactions of Concord Corporation Company
Dr Allowance $13,500
Cr Accounts Recivable $13,500
(To record amount written off)
Dr Accounts Recivable $3,500
Cr Allow ance $3,500
(To reverse write-off)
Dr Cash $3,500
Cr Accounts Rec $3,500
(To record collection of writeoff)
Dr Bad Debts Expense $21,900
Cr Allowance $21,900
[$30,700-($18,800-$13,500+$3,500)]
One column of numbers consists of 28,42, and 14. When the digits of the numbers are added together, the result is 2+8+3+2+1+4+4=21, and when the digits of 21 are then added together, the end result is 2+1=3. If the same process is performed on the numbers in a second column, what can be concluded?
Answers
Answer:
D. If the end result from the second column is not 3, then the sum of the numbers in the first column is not equal to the sum of the numbers in the second column.
Explanation:
From the list of given options (see the comment section for options a - d), option (d) is correct.
To answer this question, we need to analyze each of the options
For (a):
The sum of numbers in both columns may be equal even if they are different.
Take for instance, the numbers in the second column is: 82, 42 and 14.
We have:
\(8+2+4+2+1+4=21\)
\(2 + 1 = 3\)
So, (a) is incorrect
For (b):
As shown in (a) above,
If both column contain the same numbers, then definitely the end result will be the same. So option (b) is incorrect and impossible
For (c):
This is not true.
In the first column, we have the sum of the first process to be 21 which ends up giving 3 (i.e. 2 + 1 = 3).
The result of the second column can be 12 which also gives 3 i.e. 1 + 2 = 3 (and 12 is not equal to 21)
So, (c) is also incorrect
For (d):
This is the only true option
If the end result is not three, then the results of the first process is not the same for both columns.
Answer:
If the end result from the second column is not 3 then the sum of the numbers in the first column is not equal to the sum of the numbers in the second colemn
Explanation:
For me it was B but read very closly
What is the term for a legally-binding document outlining the terms and conditions of a business transaction?
Answers
Answer:
A contract.
Explanation:
True or False conflicts can be difficult to resolve when people have strong emotions
Answers
yes is true coz others have Even big egos
Consumer surplus and producer surplus measure the total benefit consumers and producers receive from participating in a market.a. Trueb. False
Answers
True. The overall benefit that consumers and producers derive from engaging in a market is measured by the economic notions of consumer surplus and production surplus.
A market is a gathering place for buyers and sellers to trade goods and services. It could be a real place, like a supermarket or a stock exchange, or it could be virtual, like an online market. The forces of supply and demand govern the prices of goods and services in a market, with prices rising when demand is high and lowering when demand is low. Because they enable people and firms to specialise in the creation of things and services that they are best at creating and to trade these goods and services with others, markets are essential to the operation of a capitalist economy.
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PLEASE HELP!!!
Money going out of a business is called _BLANK_.
A. income
B. expenses
Answers
Answer:
Expenses
Explanation:
Scenario: After checking out of a hotel, Vera ate breakfast in the hotel’s dining room. She then drove downtown to attend a meeting. After a long day, she returned to the hotel to
fetch the bags she had left in her room. To her surprise, the room had been re-rented and was now occupied by a dentist who was attending a conference. The new occupant claimed to know nothing about her belongings. The bags were never found. Question: Did the hotel have a responsibility with respect to Vera’s luggage? If so, of what did the responsibility consist of?
Answers
Indeed, the hotel had a duty to take care of Vera's luggage. Vera had a legitimate expectation that while she was a guest at the hotel, her possessions would be secure.
Did the hotel have a responsibility with respect to Vera’s luggage? If so, of what did the responsibility consist of?Hotels are required by common law to take reasonable precautions to prevent theft or damage to their visitors' personal belongings. Hence, the hotel was required to take reasonable measures to guarantee Vera's possessions were safe both during her stay and after she checked out. This includes making sure that her room wasn't re-rented until all of her possessions were taken out or securely stored. Vera's luggage is the hotel's responsibility, and the business has an obligation to take reasonable precautions to keep her goods safe from theft and harm. The hotel might be held accountable for any losses or damages that Vera suffered as a result of their carelessness if they didn't carry out their duty.
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One-year treasury bill rates in 20xx averaged 5. 15 percent and inflation for the year was 7. 3 percent. If investors had expected the same inflation rate as that realized, calculate the real interest rate for 20xx according to the fisher effect.
Answers
In 20xx, one-year treasury bill rates averaged 5. 15%, with annual inflation of 7.3%. According to the Fisher effect, real interest rate for 20xx would be -2.15% if investors had expected the same inflation rate that was realized.
In economics, inflation is defined as a general increase in the prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer products and services; hence, inflation equates to a decrease in the purchasing power of money. The inverse of inflation is deflation, which is a prolonged reduction in the general price level of goods and services.
The inflation rate, which is the annualized percentage change in a general price index, is a typical metric of inflation. Because prices do not all rise at the same rate, the consumer price index (CPI) is frequently employed for this purpose.
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Complete the following sentence. Remember to spell correctly.
The market is in ___
until the price of goods reflects equal supply and demand.
Answers
What is a good sentence for customer?.
Answers
A good sentence for customer: "I appreciate your loyalty as a customer and look forward to continuing to serve you in the future."
What is customer?
An individual as well as business that purchases goods or services from another company is known as a customer. Customers are crucial to businesses because they generate revenue; without them, they would cease to exist. All businesses compete with one another to draw clients, whether through aggressive product promotion, price reductions to increase clientele, or the creation of distinctive goods and experiences that clients adore. Companies frequently abide by the proverb "the customer has always been right" because satisfied customers are more likely to give those businesses their repeat business. As a result, many businesses closely monitor one‘s customer relationships in order to get feedback on how to improve their product lines. Customers can be divided into a variety of groups. Customers are typically divided into internal and external categories.
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Who is watching the World Cup today???
Answers
Answer: me
Explanation:
just because
Yogesh and Naresh are partners sharing ratio 3:2. They admit ramesh for 1/3rd share on 1st april ,2020 and also decide to share future profits equally. Balance sheet of the firm as at 31st march,2020 was as follows:Liabilities AssetsCapital A/cs: Land 4,00,000Yogesh 5,00,000 Building 4,00,000Naresh 5,00,000 10,00,000 Furniture 50,000Current A/cs: Computer 1,00,000Yogesh 1,10,000 Stock 1,50,000Naresh 90,000 2,00,000 Sundry Debtors 2,10,000Employees' Provident Fund 25,000 Less: Provision for Doubtful Debts 10,000 2,00,000Workmen Compensation Reserve 1,00,000 Cash 10,000Sundry Creditors 75,000 Bank 70,000Expenses Payable 10,000 Advertisement 14,10,000 Suspense 30,000 14,10,000They admitted Ramesh on the following terms:A) He will bring 5,00,000 as his capital.B) His share of goodwill is valued at 1,00,000 but he is unable to bring cash for his share of goodwillC) Value of Land and Building is to be appreciated by 40,000 each.D) Value of Furniture to be reduced to 40,000.E) Provision for Doubtful Debts to be increased to 10%.F) A liability for damages of 10,000 is to be created.
Answers
Answer:
Gain on revaluation is 49,000.
Explanation:
Sacrificing Ratio:
Previous Ratio 3:2
New ratio 1:1:1
Sacrificing ratio is new ratio - previous ratio
Sacrificing ratio 4:1
Share of Goodwill
Yogesh share 100,000 * 4/5 = 80,000
Naresh share 100,000 * 1/5 = 20,000
The journal entries are:
Furniture (Dr.) 10,000
Doubtful debt provision (Dr.) 10,000
Liability for damage 10,000
Land (Cr.) 40,000
Building (Cr.) 40,000
explain the difference between the price effect and the output effect when a new firm enters a market.
Answers
When a new company enters the market, there are situations capable of influencing the price effect and the product effect, such as shifting the market supply curve to the right, with a reduction in price and profit.
What is price effect and output effect?With the insertion of new companies in a market, production will increase, consequently there will be a greater supply of goods available and with that the price will also be affected, since the greater the offer, the lower the price and, consequently, the lower the profit for the companies already operating. in the sector and for new companies.
Entry barriers then constitute obstacles created on purpose or naturally by the market configuration that make it difficult for new competitors to enter so that there is a greater balance between supply and demand.
Therefore, new companies in the market contribute to shift the supply curve to the right, reducing prices and companies' profitability.
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The general term for the payments for the use of resources is ______?
A. wages
B. rent
C. interest
D. factor payments
Answers
The umbrella word used to describe payments for the usage of resources is Factor payments. Hence, Option D is correct.
What is factor payment?Factor payments in economics are the compensation that individuals receive for providing the factors of production—land, labor, capital, or entrepreneurialism. Payments made with limited resources or production inputs in exchange for useful services.
Rent, wages and salaries for work, interest and dividends are the factor payments received for land, labor, and capital, respectively. It describes one method for determining GDP using income.
The factor income technique, also referred to as the "income approach," calculates GDP by adding employee wages, rent, interest, and profit. Payments provided to production factors, such as rent, interest, profit, wages, etc., are referred to as factors payments.
Thus, Option D is correct.
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A series of funds intended to provide capital to invest in existing businesses that the investors believe can leverage their resources to improve the entrepreneurial venture is called a(n):__________
Answers
A series of funds intended to provide capital to invest in existing businesses that the investors believe can leverage their resources to improve the entrepreneurial venture is called a venture capital.
What is the role of a venture capitalist?investors in startups. A venture capital fund is a type of pooled investment vehicle (often an LP or LLC in the United States) that invests largely in businesses that are deemed to be too risky for traditional capital markets or bank loans.
What methods do venture capital firms use to fund startups?These early-stage businesses are funded by venture capital firms or funds in exchange for equity, or ownership stakes. In the hopes that some of the businesses they support will succeed, venture capitalists take on the risk of financing hazardous start-ups. Startups encounter a lot of uncertainty, therefore VC investments frequently fail.
What is the name of institutional venture capital's first round?The Series A round of institutional venture capital is the initial investment used to finance growth. This funding is given by venture capitalists with the intention of making money off of a future "exit" event, such as the company selling shares for the first time in an IPO (IPO)..
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Why would a young adult be likely to purchase disability insurance?
Answers
Answer:
D
Explanation:
The only time a healthy young person will purchase disability assurance is when they work in an interstate that requires them to this interesting will most likely be dangerous
The legal form of business ownership that is owned by two or more people is a ____
a) corporation
b) partnership
c) sole proprietorship
d) limited liability company
PLEASE HURRY FIRST CORRECT ANSWER GETS BRAINLIEST AND 15 POINTS
Answers
Answer:
b
Explanation:
partnership
Suppose a ten-year: $1000 bond with a 6% coupon rate and semiannual coupons is trading for a price of $950.86. What is the bond's yield to maturity as in APR? A. 3.66% B. 3.34% C. 6.44% D. 6.68%
Answers
Yield to maturity (YTM) is the anticipated rate of return on an investment in a bond if the bond is held until maturity. It takes into account the bond's purchase price, the par or face value, coupon rate, and the number of periods remaining until maturity.
The formula to calculate the yield to maturity isYield to maturity = I + ((F-P)/n) / ((F+P)/2)where:I = interestF = face or par valueP = purchase price/n = years to maturity x number of coupon payments per yearThe bond's yield to maturity as in APR is 6.44%.:The bond's characteristics are as follows:Par Value (F) = $1000Coupon rate = 6%Semiannual Coupon payment = Coupon rate / 2 = 3%Maturity = 10 yearsPrice (P) = $950.86Coupon payment per period = (3% x 1000) / 2 = $15
Number of coupon payment periods = 2 x 10 = 20 yearsNow, we can plug in the values into the formula for yield to maturity as shown below:Yield to maturity = I + ((F-P)/n) / ((F+P)/2)Where,I = annual interest = (coupon payment per period x number of coupon payments per year) / Price = ($15 x 2) / $950.86 = 0.0315 or 3.15%F = face or par value = $1000P = purchase price = $950.86n = number of periods until maturity = 20 yearsYield to maturity = 3.15% + (($1000-$950.86)/20) / (($1000+$950.86)/2) = 6.44%Therefore, the bond's yield to maturity as in APR is 6.44%.
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Small explanation about autocratic leadership
Answers
Answer:
Autocratic leadership is a leadership style characterized by individual control over all decisions with limited input from stakeholders.
Explanation:
It is often described as a style with ultimate authority and power over others. This type of leadership is typically used to establish centralized control and to achieve desired results. It is characterized by highly structured environments, clearly defined rules and processes, and the leader making all major decisions on their own.
In order for a check to be legal tender it must be?
O Authorized
O Certified
Signed
O Processed
Answers
Answer:
certified signed
Explanation:
that signature come from police
Answer:
certified signed
Explanation:
The check only have power or in other words legit when only have the certification from the bank or the treasury.
The real value of modern strategic management is moreA. In the formality of the processB. In the strategic thinking and organizational learningC. In the planningD. In the resulting written strategic plan
Answers
The real value of modern strategic management lies more in strategic thinking and organizational learning (option B). While formality, planning, and written strategic plans play essential roles in the process, strategic thinking and organizational learning are key to ensuring the successful adaptation of organizations in today's dynamic business environment.
Modern strategic management is a continuous and evolving process that encompasses several stages, such as analysis, formulation, implementation, and evaluation. These stages are guided by strategic thinking, which enables organizations to identify opportunities, challenges, and potential threats. Through strategic thinking, organizations develop a proactive approach to managing resources, aligning goals, and fostering innovation.
Organizational learning, on the other hand, allows organizations to develop their knowledge and capabilities by learning from past experiences, industry trends, and best practices. This continuous learning process enables organizations to improve their strategies and adapt to the ever-changing business landscape.
In conclusion, while formality, planning, and written strategic plans are important aspects of modern strategic management, the real value lies in strategic thinking and organizational learning, which promote adaptability, innovation, and resilience in an increasingly competitive and complex world.
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a firm in perfect competition competes by lowering its price and advertising to sell more. explain clearly why you agree or disagree with this statement. (
Answers
I agree with the statement that a firm in perfect competition competes by lowering its price and advertising to sell more. In a perfectly competitive market, there are many buyers and sellers who have perfect information about the market prices.
This means that no single seller can influence the market price, and all firms must accept the market price as given.
In order to sell their products in such a market, firms must find ways to differentiate themselves from their competitors. One way to do this is through advertising, which can help create brand recognition and loyalty among consumers. By investing in advertising, firms can increase their visibility in the market and attract more customers.
However, since the market price is already established, the only way for firms to increase their sales and revenue is by lowering their price. This is because consumers will always choose the product that offers the best value for money. Therefore, firms in a perfectly competitive market must compete on price in order to survive and thrive.
Overall, I believe that lowering prices and advertising are important strategies for firms in a perfectly competitive market. While advertising can help differentiate the firm from its competitors, ultimately, it is the price that will determine whether or not consumers choose to purchase their product.
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QUESTION 4 of 10: A clothing designer is looking for a job that can cover her living expenses of $5,000 per month. If she plans on working
forty hours a week, with four weeks a month, what's the minimum hourly wage she needs?
Answers
Answer:
$31.25
Explanation:
40 hours a week x 4 weeks a month = 160 hours of work per month
$5,000 divided by 160 = $31.25
according to their website, how many people does mcdonald's serve each day
Answers
According to McDonald's website, they serve around 69 million customers every day across their approximately 38,000 restaurants in over 100 countries. This makes McDonald's one of the largest fast-food chains in the world and a major player in the global food industry.
According to McDonald's website, they serve approximately 69 million people each day. To reiterate, the answer to the question "how many people does McDonald's serve each day?" is around 69 million customers. According to McDonald's website, they serve around 69 million customers every day across their approximately 38,000 restaurants in over 100 countries.
This makes McDonald's one of the largest fast-food chains in the world and a major player in the global food industry. According to McDonald's website, they serve around 69 million customers every day across their approximately 38,000 restaurants in over 100 countries. This makes McDonald's one of the largest fast-food chains in the world and a major player in the global food industry. According to McDonald's website, they serve approximately 69 million people each day. To reiterate, the answer to the question "how many people does McDonald's serve each day?" is around 69 million customers. According to McDonald's website, they serve approximately 69 million people each day. To reiterate, the answer to the question "how many people does McDonald's serve each day?" is around 69 million customers.According to McDonald's website, they serve around 69 million customers every day across their approximately 38,000 restaurants in over 100 countries. This makes McDonald's one of the largest fast-food chains in the world and a major player in the global food industry. According to McDonald's website, they serve approximately 69 million people each day. To reiterate, the answer to the question "how many people does McDonald's serve each day?" is around 69 million customers.
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Here's the revenue and expenses for the month. Calculate whether Mia had a profit or loss.
MAY ACCOUNTS
CHECKING
$860.00
REVENUE
FIXED EXPENSES
VARIABLE EXPENSES
CARD PURCHASE
$300
SAVINGS
$1,006.68
DOG FOOD
CAT FOOD
PET TREATS
PET SUPPLIES
$3,650
$2,850
$1,650
$1,800
RENT
$2,000
SALARIES
$2,000
UTILITIES
$1,000
PRODUCT STOCK $4,000
TOTAL
$9,950
TOTAL
$9,000
TOTAL
$300
ENTER MIA'S TOTAL PROFIT/LOSS FOR THE MONTH IN THE BOX BELOW, THEN CLICK SUBMIT.
$
SUMIT
Answers
Answer:
Loss
Explanation:
Because she started with 860.00 then ended with 300
Answer:
350
Explanation:
I guessed
Three types of lobbying?
Answers
What is NOT an advantage of being an entrepreneur?
Answers
Answer: Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business
Answer:
The advantages of entrepreneurship include the ability to shape one's own business, control of one's own working habits, and significant stock in the venture. Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business.
Explanation: