Answers
In a free market economy, firms operating in a perfectly competitive industry are said to have only one major choice to make. It is what quantity to produce.
Let's think about the first issue: which goods should be produced, and in what quantities?
Producing goods that do not have strong market demand would be counterproductive. To ensure that the markets are cleared, only those commodities with positive prices should be produced.
A commodity's production volume is determined at the point where supply and demand are equal. The market will be out of equilibrium and prices will change if the quality of the product is more or less.
Therefore, it becomes vital to equalize supply and demand in order to maintain a steady equilibrium price. Each commodity is covered by this rule. The initial key issue is resolved in this manner.
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Related Questions
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What is etiquette?
A. The amount of work an employee completes in a specific amount of time
B. A person's feelings and outlook about something
C. A collection of standards that define proper social behavior in a specific community
D The end result of an employee's work behavior
Answers
Answer: c
Explanation:
Etiquette refers to guidelines which control the way a responsible individual should behave in the society.
Answer:
its c
Explanation:
Lexigraphic Printing Company is considering replacing a machine that has been used in its factory for four years. Relevant data associated with the operations of the old machine and the new machine, neither of which has any estimated residual value, are as follows:
Old Machine
Cost of machine, 10-year life $89,000
Annual depreciation (straight-line) 8,900
Annual manufacturing costs, excluding depreciation 23,600
Annual non-manufacturing operating expenses 6,100
Annual revenue 74,200
Current estimated selling price of machine 29,700
New Machine
Purchase price of machine, six-year life $119,700
Annual depreciation (straight-line) 19,950
Estimated annual manufacturing costs,
excluding depreciation 6,900
Annual non-manufacturing operating expenses and revenue are not expected to be affected by purchase of the new machine.
Required:
1. Prepare a differential analysis as of April 30 comparing operations using the present machine (Alternative 1) with operations using the new machine (Alternative 2). The analysis should indicate the total differential income that would result over the six-year period if the new machine is acquired. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. If there is no amount or an amount is zero, enter "0". A colon (:) will automatically appear if required.
Differential Analysis
Continue with Old Machine (Alternative 1) or Replace Old Machine (Alternative 2)
April 30
1 Continue with Old Machine Replace Old Machine Differential Effect on Income
2 (Alternative 1) (Alternative 2) (Alternative 2)
3
4
5
6
7
8
2. Choices of what other factors should be considered.
Was the purchase price of the old machine too high?
What effect does the federal income tax have on the decision?
What opportunities are available for the use of the $90,000 of funds ($119,700 less $29,700 proceeds from the old machine) that are required to purchase the new machine?
Should management have purchased a different model of the old machine?
Are there any improvements in the quality of work turned out by the new machine?
Answers
Answer:
old machine:
depreciation costs $8,900
other manufacturing costs $23,600
other non-manufacturing expenses $6,100
annual revenue $74,000
new machine:
purchase price $119,700 - 29,700 (sales price of old machine) = $90,000
depreciation costs $19,950
other manufacturing costs $6,900
other non-manufacturing expenses $6,100
annual revenue $74,000
1)
DIFFERENTIAL ANALYSIS
Alternative 1 Alternative 2 Differential
old machine new machine amount
Purchase cost $0 ($119,700) ($119,700)
Proceeds from sale $0 $29,700 $29,700
Total revenues $444,000 $444,000 $0
Manufacturing costs ($141,600) ($41,400) $100,200
(excluding dep.)
Other non- ($36,600) ($36,600) $0
manufacturing costs
Total $265,800 $276,000 $10,200
If the company purchases the new machine, its differential revenue will be higher considering the 6 years of useful life. But we are missing two important aspects: required rate of return and tax rate, which could affect our decision.
2) Choices of what other factors should be considered.
What effect does the federal income tax have on the decision?
Net cash flows are affected by deprecation expense and how they are taxed. Alternative 2 would benefit from higher tax rates.What opportunities are available for the use of the $90,000 of funds ($119,700 less $29,700 proceeds from the old machine) that are required to purchase the new machine?
We should discount the future cash flows using the company's WACC.Are there any improvements in the quality of work turned out by the new machine?
If the new machine improves the quality of our products or reduces production time, then that is something that should be considered.which of the following constitutes an implicit cost to company A
A. property taxes
B. Payments of wages to its office workers
C. raw material costs paid by company A to the supplier B
D. value of the land owned by the company A
Answers
Answer:
Implicit cost to company A is:
D. value of the land owned by the company A
Explanation:
Implicit costs to company A will refer to the cost of resources already owned by the firm, which the company could have put to some other use. A good example is the value of the land owned by the company. This land could be put to another use, yielding some rent. It could also be sold outright. Its cost becomes implicit when the company uses it in its business. The land is not being held for sale.
Irene wants to make a copy of a housing design from a magazine. Which tool does she require? A.
drafting dots
B.
tracing paper
C.
smooth paper
D.
newsprint
Answers
Answer:
B
Explanation:
Had the same question and it was the correct answer
Answer:
B. tracing
Explanation:
for plato
Need help on these please
Answers
Sales tax and VAT are both examples of indirect taxes, which are levied by the seller at the time of sale and paid or sent to the government on the buyer's behalf. Thus option (B) is correct.
What is government?The term government refers that the system which was governed by a state or a country in it, we see there are different governments are being there in states the government is made by the people and govern for the people also in it. There is a system being made and under the system, the government is being run.
A consumption tax that charges consumers for their purchases. Because sales taxes are typically passed on to customers at the moment of sale, it is classified as a consumption tax. A sales tax is an example of an indirect tax, meaning it is not paid to the government directly like an income tax is.
Therefore, Thus option (B) is correct.
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The data show the percentage of households that composted kitchen waste and those that composted yard waste in 26 regions of a certain country. Complete parts a and b below.
The mean percentage of households that composted kitchen waste is
........%, while the mean percentage of households that composted yard waste is
.........%. The percentage of households that composted kitchen waste is ......... the percentage of households that composted yard waste.
The standard deviation of the percentage of households that composted kitchen waste is ........%, while the standard deviation of the percentage of households that composted yard waste is .........%. The percentage of households that composted kitchen waste is ........... the percentage of households that composted yard waste.
Kitchen Yard
33 45
94 84
46 68
89 73
55 78
10 54
67 82
65 80
70 85
73 88
73 83
71 85
74 80
71 84
52 84
34 90
78 83
27 77
56 74
56 76
32 67
27 52
22 54
38 77
39 80
61 83
Answers
Answer:
that's alot of numbers but
The price elasticity of supply reflects the flexibility of firms to increase or decrease the quantity supplied.
Which of the following does NOT increase flexibility?
Answers
So far in this chapter, all of the elasticity metrics have been related to the demand side of the market. Knowing how sensitive the amount given is to a change in pricing is also helpful.
Let's say there is a surge in apartment demand. There will be a dearth of flats available at the previous level of rent, which will put pressure on rents to increase. With all other factors remaining constant, the lower the rise in rent necessary to address the shortfall and restore market equilibrium, the more sensitive the supply of available flats is to changes in monthly rates. In contrast, price would need to climb more if quantity provided is less responsive to price changes, resulting in a shortage brought on by a spike in demand.
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A European call and put option on the same security both expire in three months, both have a strike price of 20, and both sell for the price 3. If the nominal continuously compounded interest rate is 10% and the stock price is currently 25 , identify an arbitrage.
Answers
Answer:
Call payoff = Max [0, Stock price - Strike price]
Call payoff = Max[0,25-20]
Call payoff = 5
Put payoff = Max[0, strike price - stock price]
Put payoff = max[0,20-25]
Put payoff = 0
Strike price = K = 20
Stock price = S = 25
interest rate = 10% = 0.1
Time to expiry = T = 3 months = 3/12 = 0.25
Put call parity: C + K*Exp(-r*T) = P + S
C = P + S - K*Exp(-r*T)
Call = 3 + 25 - 20*exp(-0.1*0.25)
Call = 28 - 19.5062 =
Call = 8.4938 > 3
So, yes there is an arbitrage . Implied value is 8.4938 but trades at 3.00; Call option is trading cheap hence we should buy more call options.
Which senior managers may assume a greater deal of transferability between domestic and international HRM practices?
Answers
Answer: d. All of the Above
Explanation:
All the above senior managers are more likely to apply more Domestic HRM practices to make them International HRM practices when they are put into a situation where International practices will be needed.
This is because they have been with the Domestic companies for much of their time and so know more about Domestic practices than international.
The first options refers to senior managers in firms with large domestic markets. To be a senior manager demands experience in the market they are in so it is not far fetched to say that they are more knowledgeable in domestic practices than international.
The second option speaks of managers with little International experience meaning they are more likely to engage in transferability between domestic and International practices.
The third option speaks of managers who built their careers on domestic experience. They will find it hard letting go of what has brought them such success so will more likely apply domestic practices on an international scale.
Gemma's seller client, Hugo, is selling his house in Benton. As Hugo's seller agent,
Gemma has several tasks to perform for him. One of these tasks is to what
Answers
Gemma's task as Hugo's seller agent is to conduct a comparative market analysis (CMA) to determine the appropriate listing price for the house in Benton.
The purpose of a CMA is to determine the appropriate listing price for the property by comparing it to similar properties in the local market.
Gemma will gather information on recently sold properties in Benton that are similar in size, condition, location, and features to Hugo's house. This information includes the selling prices of these properties, as well as the time they spent on the market before being sold.
By analyzing the data from the comparable properties, Gemma will be able to assess the current market value of Hugo's house. This will help her and Hugo determine a competitive and realistic listing price that attracts potential buyers while maximizing the property's value.
Gemma's CMA will involve carefully selecting and evaluating the most relevant comparable properties and making adjustments to account for any differences between them and Hugo's house. These adjustments may consider factors such as square footage, upgrades, amenities, and location.
By performing a thorough and accurate CMA, Gemma will provide Hugo with valuable insights into the local real estate market and enable him to make informed decisions regarding the listing price and marketing strategy for his house in Benton.
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The smaller the number of good substitutes for a product, the greater will be the price elasticity of demand for it. True or False True False
Answers
Answer:
False.
Explanation:
A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.
Mathematically, the price elasticity of demand is given by the formula;
\( Price \; elasticity \; of \; demand = \frac {percent \; change \; in \; quantity \; demanded}{percent \; change \; in \; price}\)
The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.
A substitute product can be defined as a product that a consumer sees as an alternative to another product and as such would offer similar benefits or satisfaction to the consumer.
Generally, consumers would like to be buy a product as its price falls or become inexpensive.
Hence, the smaller the number of good substitutes for a product, the lesser will be the price elasticity of demand for it.
For substitute products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.
In 2009 GDP per capita in the United States was $41,099, whereas GDP per capita in Sri Lanka was $4,034. Suppose that income per capita in the United States has been growing at a constant rate of 1.8% per year. (Figure 1.4 shows that this is roughly true.) Calculate the year in which income per capita in the United States was equal to year 2009 income per capita in Sri Lanka.
Answers
The -28.7 year in which income per capita in the United States was equal to the year 2009 income per capita in Sri Lanka was 1981.
What is income per capita?Income per capita is a measure of the average income earned per person in a given area, such as a country, state, city, or household. It is calculated by dividing the total income of a geographic area by its population. It is often used to compare the wealth of different areas. Income per capita is a useful measure of economic well-being because it takes into account the size of the population, as well as the income.
The equation we need to solve is (41,099)(1.018ˣ) = 4,034, where x is the number of years.
We can rearrange this equation as
x = log₁.₀₁₈(4,034/41,099)
Solving this equation yields x = -28.7 years.
Therefore, the year in which income per capita in the United States was equal to the year 2009 income per capita in Sri Lanka was 1981.
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Which of the statements is not true about a bank run? Bank runs are bad for the bank affected and usually good for the bank's competitors. Fears leading to bank runs can be self-fulfilling. Deposit insurance is designed to reduce the risk of bank runs for depository banks. There was a wave of bank runs during the Great Depression. Since the Great Depression the government has set up regulation that has eliminated most bank runs.
Answers
Answer:
Explanation:
90% of people marry there 7th grade love. since u have read this, u will be told good news tonight. if u don't pass this on nine comments your worst week starts now this isn't fake. apparently if u copy and paste this on ten comments in the next ten minutes you will have the best day of your life tomorrow. you will either get kissed or asked out in the next 53 minutes someone will say i love u
Cotton On Ltd. currently has the following capital structure: Debt: $3,500,000 par value of outstanding bond that pays annually 10% coupon rate with an annual before - tax yield to maturity of 12%. The bond issue has face value of $1,000 and will mature in 20 years. Ordinary shares: $5,500,000 book value of outstanding ordinary shares. Nominal value of each share is $100. The firm plan just paid a $8.50 dividend per share. The firm is maintaining 4% annual growth rate in dividends, which is expected to continue indefinitely. Preferred shares: 45 , 000 outstanding preferred shares with face value of $100, paying fixed dividend rate of 12%. The firm's marginal tax rate is 30%.
Required:
a) Calculate the current price of the corporate bond?
b) Calculate the current price of the ordinary share if the average return of the shares in the same industry is 9%?
c) Calculate the current price of the preferred share i f the average return of the shares in the same industry is 10%.
Answers
Answer:
a) Calculate the current price of the corporate bond?
each corporate bond = $850.41, total debt = $850.41 x 3,500 = $2,976,435
b) Calculate the current price of the ordinary share if the average return of the shares in the same industry is 9%?
$176.80
c) Calculate the current price of the preferred share if the average return of the shares in the same industry is 10%.
$120
Explanation:
issued $3,500,000, 10% coupon rate, 20 years to maturity, annual coupon per bond $100, YTM 12%
current bond price = PV of face value + PV of annuity
PV of face value = $1,000 / (1 + 12%)²⁰ = $103.67
PV of annuity using factor = $100 x 7.4694 (12%, 20 year annuity) = $746.94
current bond price = $103.47 + $746.94 = $850.41
current stock price = ($8.50 + 4%) / (9% - 4%) = $8.84 / 5% = $176.80
price of preferred stock = preferred dividend / market rate = $12 / 0.1 = $120
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Answers
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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why are manufactured goods more valuable to the economy than services (select all that apply)
1. manufactured goods can be exported to other countries
2. manufacturing workers have more money to spend on other goods and services
3. manufactured goods are less expensive than handmade goods
4. manufacturing workers save more money than other workers.
Answers
Step 2: Writing Report
Explain the value of using data analysis.
Explain the risks of not using data visualization.
The report should explain the data that you have analyzed throughout the course.
Step 3: Lessons Learned
Identify some key points that you found about data analytics in this course and add a slide for lessons learned at the end of your presentation on what you learned this session.
Answers
The value that can be gotten from Data analytics is that it can aid companies to have broad knowledge of market segments, and can help to increase their market share as well as revenue growth.
The risks of not using data visualization is that the company may not be be able to to maintain the audience's interest with information.
What is the importance of Data analytics?For example, data analytics can help businesses find underdeveloped market areas, anticipate client wants, and improve their product offers. Businesses that use data analytics to acquire a competitive edge can grow their market share, accelerate revenue growth, and strengthen their brand.
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Aracel Engineering completed the following transactions in the month of June. Jenna Aracel, the owner, invested $200,000 cash, office equipment with a value of $7,400, and $75,000 of drafting equipment to launch the company. The company purchased land worth $52,000 for an office by paying $8,200 cash and signing a long-term note payable for $43,800. The company purchased a portable building with $57,000 cash and moved it onto the land acquired in b. The company paid $4,000 cash for the premium on an 18-month insurance policy. The company completed and delivered a set of plans for a client and collected $8,600 cash. The company purchased $21,000 of additional drafting equipment by paying $11,700 cash and signing a long-term note payable for $9,300. The company completed $13,500 of engineering services for a client. This amount is to be received in 30 days. The company purchased $1,950 of additional office equipment on credit. The company completed engineering services for $24,000 on credit. The company received a bill for rent of equipment that was used on a recently completed job. The $1,481 rent cost must be paid within 30 days. The company collected $9,000 cash in partial payment from the client described in transaction g. The company paid $1,800 cash for wages to a drafting assistant. The company paid $1,950 cash to settle the account payable created in transaction h. The company paid $1,000 cash for minor maintenance of its drafting equipment. Jenna Aracel withdrew $10,710 cash from the company for personal use. The company paid $2,200 cash for wages to a drafting assistant. The company paid $2,900 cash for advertisements on the Web during June.
Answers
The preparation of the general journal entries for Aracel Engineering in June is as follows:
General Journal:Account Titles (Code) Debit CreditCash (101) $200,000
Office Equipment (163) $7,400
Drafting Equipment (164) $75,000
J. Aracel, Capital (301) $282,400
To record the owner's investment in the company.Land (172) $52,000
Cash (101) $8,200
Notes Payable (250) $43,800
To record the purchase of land.Building (170) $57,000
Cash (101) $57,000
To record the purchasing of the building for cash.Prepaid Insurance (108) $4,000
Cash (101) $4,000
To record prepayment for insurance.Cash (101) $8,600
Engineering Fees Earned (402) $8,600
To record engineering fees earned.Drafting Equipment (164) $21,000
Cash (101) $11,700
Notes Payable (250) $9,300
To record the purchase of drafting equipment.Accounts Receivable (106) $13,500
Engineering Fees Earned (402) $13,500
To record engineering services rendered on account.Office Equipment (163) $1,950
Accounts Payable (201) $1,950
To record the purchase of office equipment.Accounts Receivable (106) $24,000
Engineering Fees Earned (402) $24,000
To record engineering services rendered on account.Equipment Rental
Expense (602) $1,481
Accounts Payable (201) $1,481
To record the accrued rental expenses.Wages Expense (601) $1,800
Cash (101) $1,800
To record the payment of wages.Accounts Payable (201) $1,950
Cash (101) $1,950
To record payment on account.Repairs Expense (604) $1,000
Cash (101) $1,000
To record payment for minor equipment repairs.J. Aracel, Withdrawals (302) $10,710
Cash (101) $10,710
To record the withdrawal of cash by the owner.Wages Expense (601) $2,200
Cash (101) $2,200
To record the payment of wages.Advertising Expense (603) $2,900
Cash (101) $2,900
To record the payment for advertising expenses.Transaction Analysis:Cash (101) $200,000 Office Equipment (163) $7,400 Drafting Equipment (164) $75,000 J. Aracel, Capital (301) $282,400
Land (172) $52,000 Cash (101) $8,200 Notes Payable (250) $43,800
Building (170) $57,000 Cash (101) $57,000
Prepaid Insurance (108) $4,000 Cash (101) $4,000
Cash (101) $8,600 Engineering Fees Earned (402) $8,600
Drafting Equipment (164) $21,000 Cash (101) $11,700 Notes Payable (250) $9,300
Accounts Receivable (106) $13,500 Engineering Fees Earned (402) $13,500
Office Equipment (163) $1,950 Accounts Payable (201) $1,950
Accounts Receivable (106) $24,000 Engineering Fees Earned (402) $24,000
Equipment Rental Expense (602) $1,481 Accounts Payable (201) $1,481
Wages Expense (601) $1,800 Cash (101) $1,800
Accounts Payable (201) $1,950 Cash (101) $1,950
Repairs Expense (604) $1,000 Cash (101) $1,000
J. Aracel, Withdrawals (302) $10,710 Cash (101) $10,710
Wages Expense (601) $2,200 Cash (101) $2,200
Advertising Expense (603) $2,900 Cash (101) $2,900
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Question Completion:Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Drafting Equipment (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); J. Aracel, Capital (301); J. Aracel, Withdrawals (302); Engineering Fees Earned (402); Wages Expense (601); Equipment Rental Expense (602); Advertising Expense (603); and Repairs Expense (604).
If Damien loses his job due to injury, he worries that his family won’t be able to survive without his income. He decides to purchase disability insurance that will provide money for him and his family if he should ever become physically unable to work. By purchasing this type of insurance, from which type of risk is Damien trying to protect himself?
A.
property risk
B.
liability risk
C.
inheritance risk
D.
personal risk
Answers
Damien is trying to protect himself from personal risk by purchasing disability insurance. Hence, Option (D) is correct.
Personal risk refers to the possibility of experiencing a loss in an individual's ability to earn income due to factors such as illness, injury, or disability.
In Damien's case, his concern about losing his job due to injury highlights the potential personal risk he faces. If he becomes physically unable to work, his income could be significantly impacted, which could have severe financial consequences for his family.
By purchasing disability insurance, Damien is taking steps to mitigate the potential loss of income in the event of a disability, ensuring financial support for himself and his family during such circumstances.
Thus, Damien is trying to avoid personal risk on account of any fatal injuries.
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Answer:
d
Explanation:
BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $160,200 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% of the first $7,000 paid to its employee and SUTA taxes are 3% of the first $8,500 paid to its employee.
Gross Pay through August 31 Gross Pay for September
a. $ 6,400 $ 800
b. 18,200 2,100
c. 153,900 8,000
Compute BMX’s amounts for each of these four taxes as applied to the employee’s gross earnings for September under each of three separate situations (a), (b), and (c). (Round your answers to 2 decimal places.)
Answers
To calculate BMX Company's amounts for each of the four taxes as applied to the employee's gross earnings for September, we will use the provided tax rates and the gross pay for each situation.
Situation (a):
Gross Pay for September: $800
FICA Social Security taxes: 6.2% of the first $160,200 = 0.062 * $800 = $49.60
FICA Medicare taxes: 1.45% of gross pay = 0.0145 * $800 = $11.60
FUTA taxes: 0.6% of the first $7,000 = 0.006 * $800 = $4.80
SUTA taxes: 3% of the first $8,500 = 0.03 * $800 = $24.00
Situation (b):
Gross Pay for September: $2,100
FICA Social Security taxes: 6.2% of the first $160,200 = 0.062 * $2,100 = $130.20
FICA Medicare taxes: 1.45% of gross pay = 0.0145 * $2,100 = $30.45
FUTA taxes: 0.6% of the first $7,000 = 0.006 * $2,100 = $12.60
SUTA taxes: 3% of the first $8,500 = 0.03 * $2,100 = $63.00
Situation (c):
Gross Pay for September: $8,000
FICA Social Security taxes: 6.2% of the first $160,200 = 0.062 * $8,000 = $496.00
FICA Medicare taxes: 1.45% of gross pay = 0.0145 * $8,000 = $116.00
FUTA taxes: 0.6% of the first $7,000 = 0.006 * $8,000 = $48.00
SUTA taxes: 3% of the first $8,500 = 0.03 * $8,000 = $240.00
Please note that the calculations are based on the information provided, and the amounts are rounded to 2 decimal places.
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8. What was the result of John overdrawing his checking account?
Answers
Based on John overdrawing his checking account, John’s payment was greater than the balance he had available in his account so he was charged a $35 fee.
What happens when an account is overdrawn?From the statement of John's account given, we can see that John made a payment of $710.49 that was more than he had in the account.
As a result, he overdrew his account and took it to a negative balance. He will therefore have to pay an overdraft fee of $35.
Options for this question are:
John’s payment was greater than the balance he had available in his account so the bank will deposit $237.81 into John’s account so he can pay his bills.John’s payment was greater than the balance he had available in his account so he was charged a $35 fee.John’s payment was greater than the balance he had available in his account so he was charged a $5 monthly maintenance fee.John’s payment was greater than the balance he had available in his account so the bank will transfer $35 from a linked account.Find out more on bank overdrafts at https://brainly.com/question/25532516
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jason has just returned to his office after vacation and is attempting to access diontraining. he receives an error that he cannot connect to the website. he then tries to connect to the company's local intranet server, which he can connect to without any issues. next, he pings the ip address for diontraining and gets a successful connection. finally, he tries to ping diontraining by its domain name, and then he receives an error. which of the following commands should jason enter next to try and resolve this issue
Answers
Jason should execute the procedures ipconfig/flushdns next to try to fix this problem.
What is ipconfig/flushdns?Any IP addresses or other DNS records will be removed from your cache by flushing the DNS. This can assist in resolving problems with security, internet connectivity, and other things. Any obsolete or altered addresses will be removed by clearing the DNS server. It's also vital to note that flushing the cache has no unfavourable side effects. All stored IP addresses are removed when the cache is flushed. Your computer will utilise DNS to search up the IP address and cache it for use the following time you visit.Flushing DNS cache in Windows 10 on a regular basis is a simple approach to speed up Web browsing and enhance browser performance.To learn more about ipconfig/flushdns, refer to:
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Bernie just started a business and is trying to raise capital. He has both accredited and non-accredited investors investing in the company. Which of the following is true?
Bernie’s investors may not invest more than $1 million per year.
Bernie’s investors may not invest more than $50 million per year.
Bernie’s company may use only accredited or non-accredited investors, but not both.
Bernie’s investors may invest money in the amounts allowed by their status as an accredited or non-accredited investor.
Answers
The fourth option is the correct answer for this question.
An accredited investor is a person or a company that is authorized to trade securities even though they are not officially registered with the financial authorities. Investors that don't meet the net worth or income requirements outlined by the Securities and Exchange Commission (SEC) are referred to as non-accredited investors.
As from the definition mentioned above, there are some set of rules that signify an investor to be accredited or non-accredited. In the given question, the first two options directly talk about the investment level of those investors and this solely cannot be a point to establish a person to be accredited or non-accredited. So the first two options are nullified.
As for the second option there is no such rule that only one type of investors can invest in Bernie’s company. Therefore, this option also gets exempted.
The last fourth option talks about both the aspects of the investors being accredited or non-accredited and also this will make sure as to how much money they can invest. Therefore, option 4 is the correct answer for this question.
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The economic burden of a tax:
a
is always shifted to consumers through higher prices.
b
is partially shifted to consumers through higher prices in most cases.
c
is rarely shifted to consumers through higher prices.
d
falls on sellers if the statutory burden of the tax is on sellers.
Answers
Answer:
a
............!!?!!?
If the effect of the debit portion of an adjusting entry is to increase the balance of an asset
account, which of the following describes the effect of the credit portion of the entry?
Answers
When the debit portion of an adjusting entry is used to increase the balance of an asset account, the credit portion of the entry will decrease the balance of another account, which will be either a liability account or an equity account.
What is the adjusting entry?Adjusting entries are journal entries that are made at the end of an accounting period to modify the accounts' balances. They are done to update and verify revenue and expense accounts' accuracy, as well as to adjust the balance sheet accounts for adjustments that have yet to be recorded.When should adjusting entries be made?Adjusting entries are typically made at the end of an accounting period. For example, adjusting entries may be needed if a company's insurance premiums have been paid in advance, or if a company has earned revenue but has not yet received payment.Adjusting entries are critical in determining the correct profit and loss as well as the balance sheet, which is why they must be accurate and complete.Adjusting entries are required for each financial statement's following types:Income Statement - revenue and expense accounts are adjusted.Balance Sheet - asset, liability, and equity accounts are adjusted.How are adjusting entries made?Adjusting entries are made with the following steps:Step 1: Determine the transaction or event that necessitates an adjustment. Step 2: Determine which accounts are affected by the transaction or event. Step 3: Decide whether each account is to be debited or credited. Step 4: Make the necessary adjusting journal entries.
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what kind of kitkat are low demand?
Answers
Kitkat is one of the most selling chocolate brand. The kitkat products which are of low demands are mostly Wasabi kitkat,, whole grain biscuits, cough drop kit kat etc.
What is product demand?The demand for a product changes with taste and needs of consumers. Price elasticity, or consumer behaviour in response to price changes, is the category that describes how consumer demand responds to changes in pricing.
The individual buyer exhibited rational conduct; he sought to maximise the number of advantages, i.e., the ratio of the cost of the meal to the cost of the purchase.
Kitkat is a popular brand and many products such as biscuits, chips, cough drops and chocolate bars are delivered by them. Among them, the products that are commonly of low demand are Wasabi kitkat, cough drop kit kat and whole grain biscuits.
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2018articles using appropriate keywords in your specialised area that interest you and wish to write your final dissertation. Review each paper carefully and make your necessary notes in your own words. Reviewing each article, you can consider reading the introduction section, literature review, methodology, and conclusion. After a successful review of each piece, complete the following task: Give your literature review a title. Cohesively organise your review literature according to these headings; A. Theoretical Review (at most three theories). B. Empirical Review (cohesively arrange the 30 papers), and C. Conceptual Framework. Arrange all your 30 pieces of literature in UMaT referencing style.
Answers
Answer:
C. Conceptual Framework. Arrange all your 30 pieces of literature in UMaT referencing style.
Explanation:
C. Conceptual Framework. Arrange all your 30
ACTIVITY 3 TOTAL:86 3.1 Distinguish between BEE and BBBEE.
Answers
The ( BEE ) means black economic empowerment. in this the policies is while BEE sought to write the wrongs of the past,where the (BBBEE) board - based black economic empowerment. in BBBEE the aims at distributing the wealth of the nation across all acres races and gender
Explanation:
What is the difference between BEE and B-BBEE? BEE refers to the government's policy, B-BBEE is the implementation of the policy. Both refer to the same strategic framework that seeks to right the wrongs of the past and to distribute the wealth of nation across all races and genders
NBM common stock recently paid annual dividend in the amount of $2.25 per share. The analyst’s estimate of the firm’s growth forecast over the next 4 years is 18.00% and over 3 years after that of 16.5%. You expect the firm to slow down in the long run and estimate the long-term growth rate after 7 years to be 6.5%. If the required rate of return on the stock is 11%, what is your estimate of the stock price?
Answers
Using the dividend discount model with given growth rates and required rate of return, the estimated stock price for NBM common stock is calculated by discounting future dividends, resulting in the stock price.
To estimate the stock price of NBM common stock, we can use the dividend discount model (DDM) which calculates the present value of future dividends.
First, let's calculate the dividends for the next 7 years:
Year 1: $2.25 (given)
Year 2: $2.25 * (1 + 18%) = $2.655
Year 3: $2.655 * (1 + 18%) = $3.1399
Year 4: $3.1399 * (1 + 18%) = $3.7029
Year 5: $3.7029 * (1 + 16.5%) = $4.3177
Year 6: $4.3177 * (1 + 16.5%) = $5.0273
Year 7: $5.0273 * (1 + 6.5%) = $5.3485
Next, let's calculate the present value of these dividends using the required rate of return of 11%:
PV = D1 / (1 + r) + D2 / (1 + r)^2 + ... + D7 / (1 + r)^7
PV = $2.25 / (1 + 0.11) + $2.655 / (1 + 0.11)^2 + $3.1399 / (1 + 0.11)^3 + $3.7029 / (1 + 0.11)^4 + $4.3177 / (1 + 0.11)^5 + $5.0273 / (1 + 0.11)^6 + $5.3485 / (1 + 0.11)^7
Finally, summing up the present values, we can estimate the stock price:
Stock Price = PV
Calculating this equation will give the estimated stock price of NBM common stock.
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Is it recommended to skip performing the risk identification on a project? Why not? What is likely to
happen if you skip this process?
Answers
It is not recommended to skip performing the risk identification on a project. If this process is skipped, the organization might run into unforeseen dangers that will stall their projects and prevent them from reaching their objectives.
What is the risk identification step?The risk identification process is designed to study and find out the elements that will prevent an organization from reaching its set objectives.
he risk identification process helps the organization to know the risk that is set before them and prepare to bypass or overcome the challenges. The risk identification step is the first step that must be taken to avoid problems along the way.
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