To simplify cvp calculations, it is assumed that ______ will remain constant.
Answers
The answer to the statement "To simplify CVP calculations, it is assumed that Volume will remain constant" is the 'Volume.'
What is CVP calculation ?Cost-Volume-Profit (CVP) analysis is a useful tool for evaluating a company's profit potential. It is an analytical strategy that examines how changes in sales volumes and prices affect profits. In CVP analysis, a few assumptions are made, making it easier to estimate profits.
The following are a few of these assumptions:
1. Volume will remain constant.
2. The number of units sold, and the total sales revenue is directly proportional to the level of production.
3. Fixed costs are unaffected by changes in volume.
4. Variable costs are unaffected by the number of units sold.
5. There is no change in inventory during the period under consideration.
6. The sales mix remains unchanged.
A Cost-Volume-Profit (CVP) analysis is a financial approach that is used to assess the connection between sales volume, expenses, and revenue. It is a significant component of the decision-making process in management accounting.
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Related Questions
how many different sequences of 4 digits are possible if the first digit must be 3, 4, or 5 and if the sequence may not end in 000? repetition of digits is allowed.
Answers
There are 8,997 different sequences of 4 digits possible if the first digit must be 3, 4, or 5, and the sequence may not end in 000.
To determine the number of different sequences of 4 digits, we consider the restrictions given.
The first digit must be 3, 4, or 5. This means we have three options for the first digit.
For the remaining three digits, we can choose any digit from 0 to 9, allowing for repetition.
However, we need to exclude sequences that end in 000 since it is not allowed.
Considering these restrictions, the total number of different sequences can be calculated as follows:
Number of options for the first digit = 3 (3, 4, or 5)
Number of options for each of the remaining three digits = 10 (0 to 9, allowing repetition)
Number of sequences ending in 000 = 1
To calculate the total number of sequences, we multiply the number of options for each digit:
Total number of sequences = (3 options for the first digit) × (10 options for each of the remaining three digits) - (1 sequence ending in 000)
Total number of sequences = 3 × 10 × 10 × 10 - 1 = 8,997
Therefore, there are 8,997 different sequences of 4 digits possible if the first digit must be 3, 4, or 5, and the sequence may not end in 000.
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Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy
Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.
Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:
Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:
What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?
Answers
1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.
Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.
2. The real return on my investment in Amazon.com Inc was a net loss of 7.12% or $667.60.
3. The company I selected to buy its stock three years ago was Amazon.com Inc.
4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.
5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.
6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.
What is the stock investment?Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.
The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).
Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)
Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)
Tax (10%) = $1,024.40 ($10,244 x 10%)
Inflation (3%) = $307.32 ($10,244 x 3%)
Administration fee on sales (2%) = $204.88 ($10,244 x 2%)
Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)
Loss on returns = $667.60 ($8,707.40 - $9,375)
Loss percentage = 7.12% ($667.60/$9,375 x 100)
Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.
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Is incentive a disadvantage?
Answers
According to the given statement is It can gradually foster an attitude of entitlement, which will diminish motivation and performance.
What exactly are an advantage and a disadvantage?An advantage is any occurrence, opportunity, or strategy that is particularly favorable to achievement or any desired purpose, whereas a downside is a fault or unpleasant trait; a scam.
Can a drawback turn into a benefit?Disadvantage (physically, mental, etc psychological) is a benefit rather than a liability. It presents an opportunity for growth and development in your life that is profoundly significant. Consider how I changed careers from opera singer to clinical psychologist.
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An Organization pays $65,000 in Social Security taxes for its employees. When payroll liabilities are journalized, how mucus entered into the journal for this payable?
A. $0
B$130,000
C$32,500
D 65,000
Answers
Answer:
It's NOT $65,000
Explanation:
the test
Answer:
0
Explanation:
The Federal Reserve System acts as lender of last resort to what group? A. Businesses in general. B. Consumers C. Federal government
Answers
The Federal Reserve System acts as lender of last resort to businesses in general. The Federal Reserve System, also known as the Fed, is the United States' central banking system.
It was formed on December 23, 1913, after the US Congress passed the Federal Reserve Act, which established the nation's central banking system and set the framework for a stable financial system.
The Federal Reserve is divided into 12 Federal Reserve banks that serve as the central bank's regional arms. The main responsibility of the Federal Reserve is to oversee the country's monetary policy, regulate financial institutions, and stabilize the nation's financial system in times of economic crisis by acting as a lender of last resort.
It is responsible for conducting monetary policy by influencing the supply and demand of money and credit in the economy. The Federal Reserve acts as lender of last resort to businesses in general.
The Federal Reserve's role as a lender of last resort means that it provides emergency loans to banks, businesses, and governments to ensure that they can meet their financial obligations even during economic downturns.
The Federal Reserve provides these loans at low-interest rates to banks in financial distress, preventing the systemic risk of financial collapse.
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the price of a discount bond will increase over time, assuming that the bonds yield to maturity remains constant over time true or false
Answers
Answer:
its true
Explanation:
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In terms of media expenditures, the fastest growing media outlet is:
A) television
B) the Internet
C) outdoor advertising
D) network TV
Answers
The fastest growing media outlet in terms of media expenditures is the Internet (option B). With the rise of digital advertising and the increasing amount of time spent online by consumers, businesses are allocating more of their advertising budgets towards online platforms.
This trend is expected to continue in the coming years as more and more consumers shift towards digital media consumption.
In terms of media expenditures, the fastest growing media outlet is: B) the Internet
A media outlet is a channel or platform that distributes news and information to the public. Media outlets can include print publications such as newspapers and magazines, broadcast outlets such as radio and television stations, and digital platforms such as websites and social media.
Media outlets play a crucial role in informing the public about current events, trends, and issues. They can provide news coverage, commentary, analysis, and opinion on a wide range of topics, including politics, economics, entertainment, sports, and culture. Media outlets can also serve as watchdogs, holding individuals and institutions accountable for their actions and exposing wrongdoing.
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what is the depreciation rate dt each year t for an asset that has a 6-year recovery period and is straight-line depreciated?
Answers
The depreciation rate per year for an asset with a 6-year recovery period and straight-line depreciation would be approximately 16.67%.
To determine the depreciation rate per year for an asset that is straight-line depreciated over a specific recovery period, you can use the formula:
Depreciation rate per year = 1 / Recovery period
In this case, since the asset has a 6-year recovery period, the depreciation rate per year would be:
Depreciation rate per year = 1 / 6
Simplifying the expression:
Depreciation rate per year = 0.1667 or approximately 16.67%
Therefore, the depreciation rate would be approximately 16.67%.
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70 of 500 respondents say they would visit a trampoline park. What percentage of respondents is this?
a. 14%
b.15.5%
c.17%
d.18.9%
Answers
Answer:
a. 14%
Explanation:
Total respondents = 500
100% = 500
1% = 500 ÷ 100 = 5
Since 1% of the 500 respondents is 5 people...
70 ÷ 5 = 14
70 of 500 respondents say they would visit a trampoline park. Thus, the percentage of respondents is 14%. Therefore, option 'A' is the correct option.
What is a percentage?Total respondents = 100% = 500
Therefore, 1% = 500 ÷ 100 = 5
Since, we know that 1% of the 500 respondents is 5 people
70 ÷ 5 = 14
A % in mathematics is a quantity or ratio that is stated as a fraction of 100 (from the Latin per centum, "by a hundred"). Although the abbreviations "pct.", "pct.", and occasionally "pc" are also used, the percent symbol, "%," is frequently used to indicate it. A % lacks dimensions and has no associated unit of measurement.
Long before the decimal system was invented, computations in Ancient Rome were frequently done using fractions that were multiples of 1/100. Centesima rerum venalium, for instance, was a 1/100 tax imposed by Augustus on commodities that were sold at auction. These fractions might be calculated in the same way as percentages.
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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
Answers
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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THIS IS FOR U.S. GOVERNMENT
Unlike the Speaker of the House, the president of the Senate
A.
is not elected by the Senate and may vote on any matter in the Senate.
B.
is elected by the Senate and may vote on any matter in the Senate.
C.
is elected by the Senate and may only vote to break a tie.
D.
is not elected by the Senate and may only vote to break a tie.
Answers
If someone gets a 1000 dollar loan how much will their monthly payment be
Answers
Answer:
the monthly payment column represents the principal and interest payment for each $1,000 you borrow. For example, if you borrow $100,000 for 30 years at 4.25%, your monthly payment per $1,000 borrowed would be $4.92. Multiply that factor (4.92) by 100 (100,000/1,000) to estimate your monthly payment of $492.00.
Explain the change in demand for watermelons using evidence, and show this effect on a supply and demand graph.
Answers
Answer:
Explanation:
Changes in the supply of melon
is brought about both positive and negative factors affecting supply of melon apart from the price of melon
Jared has earned 23% of the $52 he needs to buy a new jacket. Find 23% of $52. Which expression can you use to find 23% of 52? .. 23% of $52 is $.. An easy way to check your answer is to use the friendly and divide 52 by to get ..
Answers
52
Explanation:
52 .................
Answer:
23% of 52= 0.23*52=11.96
Explanation:
by definition, exports are question 35 options: a) people who work in foreign countries. b) goods in which a country has an absolute advantage. c) goods produced domestically and sold abroad. d) limits placed on the quantity of goods brought into a country.
Answers
The definition, exports are goods produced domestically and sold abroad. In other words, exports refer to the sale of goods and services to foreign countries by a country's domestic producers. Option C.
These goods and services could be raw materials, finished goods, or intermediate goods used in the production of other goods.Exports are an essential component of a country's economy, as they generate revenue and provide jobs. A country's exports are determined by various factors such as production capacity, labor costs, and technological advancement. If a country has an absolute advantage in producing a particular good or service, it will export that good or service to other countries. For example, countries such as Saudi Arabia, Venezuela, and Iran have a comparative advantage in producing crude oil. Therefore, these countries export crude oil to other countries.In contrast, imports refer to the goods and services that are purchased from foreign countries by a country's domestic consumers. The import of goods and services provides consumers with access to goods and services that may not be available domestically. For example, a country that does not have a manufacturing industry for electronics will import electronic products from other countries.Importing goods and services can also have a negative impact on a country's economy, especially when the country imports more than it exports. This situation is referred to as a trade deficit. A trade deficit can occur when a country's imports exceed its exports. To avoid a trade deficit, countries often implement trade policies that limit the import of certain goods or impose tariffs or quotas on imported goods. However, such policies can lead to trade wars, which can have a negative impact on global economic growth. Option C.For more such questions on exports
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With the help of online research, write a short report on “glocalization.”
Answers
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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When a buyer purchases a property that has an existing mortgage loan, the buyer does not add his or her signature to the note, meaning the buyer does not take on any personal liability. In this case, the buyer is said to:
Answers
When a buyer purchases a property that already has an existing mortgage loan, the buyer is essentially taking on the responsibility of paying off the remaining balance on the loan. However, the buyer does not need to add their signature to the note, which means that they do not take on any personal liability for the debt. This scenario is known as an assumption.
An assumption is a process where the buyer takes over the existing mortgage loan of the seller, without the need to obtain a new loan. This process can occur in various situations, such as when the seller wants to sell their property but still has an outstanding mortgage on it. In this case, the buyer can assume the mortgage and take over the payments, which helps to simplify the buying process.
Assuming a mortgage can be beneficial for both the buyer and the seller. For the buyer, they do not have to go through the lengthy process of obtaining a new mortgage, which can be time-consuming and stressful. Additionally, the terms of the existing mortgage loan may be more favorable than what the buyer could obtain on a new loan.
For the seller, an assumption can make their property more attractive to potential buyers, as it can make the buying process smoother and quicker. Additionally, if the seller has a low-interest rate on their mortgage, the buyer can assume that rate, which could make the property more desirable.
In conclusion, when a buyer purchases a property with an existing mortgage loan and does not add their signature to the note, they are said to have assumed the mortgage. This process can be beneficial for both the buyer and the seller, as it can simplify the buying process and provide favorable loan terms.
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Chrome,Edge,Safari,and Firefox are all
Answers
Answer:
Web-browsers
Explanation:
Answer:
Search engines
Explanation:
A product's price will increase the most if:
Answers
Answer:
Demand is high and if the manufacturing prices increase
NEED HELP ASAP!!!!
1. Press conferences serve which of the following purposes for an organization?
A. They create enthusiasm for the organization.
B. They give information to the media for the public.
C. The promote the team in a positive light.
D. all of the above
2. Which of the following best describes the relationship between professional sports and the media?
A. The media and teams usually work together.
B. The media pays teams for information
C. Teams distrust and avoid the media
D. Teams must pay the media for coverage.
3. An example of editorial media coverage is
A. having a magazine article written about one of your players.
B. paying for a billboard in Times Square.
C. buying ad space to promote ticket sales in the local paper.
D. inviting the press to a question-and-answer session.
Answers
Answer:
1. D
2. A
3. A
Explanation:
The answers are correct
I Just took the Quick Check
✌
Press conferences serve purposes for an organization is giving information and creating enthusiasm and promoting positive light. Thus option D all of the above is correct.
The relationship between professional sports and the media is described as The media and teams usually work together. Thus option A is correct.
An example of editorial media coverage is having a magazine article written about one of your players. Thus the correct option is A.
What is Media?Media is referred to as a communication channel used to create awareness and helps readers or viewers to know about what is happening throughout the world.
Editorial coverage is material that has been provided by a third party, such as publications like magazines, journals, newspapers, and other internet sources. The information it provides to your intended audience is significant and relevant.
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fill in the blank. the economic principle of___says that when there are two houses in the same neighborhood with the same size, appeal, and utility, the lower-priced one will tend to sell first.
Answers
The economic principle of substitution says that when there are two houses in the same neighborhood with the same size, appeal, and utility, the lower-priced one will tend to sell first.
Substitution refers to the practice of utilizing a less costly alternative if a commodity appears to be overly expensive or beyond the consumer's budget.
The economic principle of substitution refers to the idea that people will substitute goods or services that are more cost-effective or efficient. This economic principle is used in situations where similar commodities can be used in place of one another.
When there are two or more competing goods with similar attributes, the cheaper one is more likely to be purchased.
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To encourage formation of small businesses, the government could provide subsidies; these subsidies a. would be included in GDP because they are part of government purchases.b. would be included in GDP because they are part of investment expenditures. c. would not be included in GDP because they are transfer payments. d. would not be included in GDP because the government raises taxes to pay for them.
Answers
The correct option is c. would not be included in GDP because they are transfer payments.
Explain about the Subsidy?A subsidy is a type of financial help or support provided to the financial sector only with main objective of fostering social and economic advancement.
Little businesses are corporations, partnerships, or other legal entities that have fewer staff members and smaller yearly revenue than a large corporation or partnership. Small enterprises have the advantage of the ability to request government assistance and satisfy all requirements for a certain spending strategy, which varies by nation and industry.The government should offer subsidies to promote the start-up of new businesses; as these subsidies are social programmes, they are not included in the GDP calculation.Thus, the government might offer subsidies to promote the creation of small enterprises; but, because these subsidies are transfer payments, they are not counted towards GDP.
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Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
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what factors into the opportunity cost for a decision?
Answers
Answer:
Price. Perhaps one of the biggest factors is the price; although this can vary depending on income.
Time. Everyone has the same 24 hours in a day. Whether you’re Bill Gates, Warren Buffett, or your next-door neighbor.
Effort. Time and effort are essentially interlinked. ...
Utility. This is essentially the enjoyment or pleasure that the consumer receives
Explanation:
In 2016 based on people ages 15-74 the Swedish adult non-institutionalized population was about 7. 3 million, the labor force was 5. 2 million, and the number of people employed was 4. 8 million. According to these numbers, the Swedish labor force participation rate and unemployment rate were about
a. 71. 2% and 7. 7%
b. 71. 2% and 5. 5%
c. 65. 8% and 7. 7%
d. 65. 8% and 5. 5%
Answers
According to these numbers, the Swedish labor force participation rate and unemployment rate were about option a: 71.2% and 7.7%.
To calculate the labor force participation rate and unemployment rate, we need to use the following formulas:
Labor Force Participation Rate = (Labor Force / Adult Non-Institutionalized Population) * 100
Unemployment Rate = (Unemployed / Labor Force) * 100
Given the information provided:
Adult Non-Institutionalized Population = 7.3 million
Labor Force = 5.2 million
Number of People Employed = 4.8 million
Using the formulas above, we can calculate the rates:
Labor Force Participation Rate = (5.2 million / 7.3 million) * 100 = 71.23%
To calculate the number of unemployed people, we subtract the number of employed people from the labor force:
Unemployed = Labor Force - Number of People Employed
Unemployed = 5.2 million - 4.8 million = 0.4 million
Unemployment Rate = (0.4 million / 5.2 million) * 100 = 7.69%
Rounding these values to one decimal place, we find that the labor force participation rate is approximately 71.2% and the unemployment rate is approximately 7.7%.
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how long will it take for $1000 to double in an account that is compounded continuously at 8%? round answer to 2 decimal places.
Answers
1000 dollars will double in value after 9 years in an account with an ongoing 8% compounding rate.
As you compound, what happens repeatedly?Because interest compounds continuously, there is no limit to how often interest can be accumulated. An indefinite number of times can pass during which a balance can compound continuously, meaning interest is perpetually accrued.
Theoretically, continually compounded interest means that interest is continuously earned on an account balance and reinvested into the balance to boost future interest earnings.
Take this example into consideration: A $1,000 deposit with an 8% yearly compound interest rate with a 5-year duration is made by an investor. The interest received over the course of each year is added to the principal balance at the end of the year as a result.
A = P(1 + r)^n
Where
2(1000) = (1000)(1 + 0.08)^n
2 = (1.08)^n
2 = (1.08)^n
ln2 = nln1.08
n = ln2/ln1.08
n = 0.693/0.077
n = 9 years
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CFG Company has the following employees:
Wages Paid
Eddie $ 15,500
Melanie 3,000
Shelly 24,500
CFG receives the maximum credit for state unemployment taxes.
Required:
What is the FUTA tax that CFG Company would owe for the year
Answers
The FUTA tax that CFG Company would owe for the year is $258. FUTA stands for Federal Unemployment Tax Act.
This is a payroll tax that is paid by employers and is used to fund the federal unemployment benefits program that is available to workers who lose their jobs through no fault of their own.In order to calculate the FUTA tax that CFG Company would owe for the year, we need to determine the amount of taxable wages that the company has paid to its employees during the year.
The taxable wages are the wages that are subject to FUTA tax. The FUTA tax rate for 2021 is 6.0% of the first $7,000 in taxable wages paid to each employee during the year. However, employers are allowed to take a credit of up to 5.4% for state unemployment taxes paid.The taxable wages for CFG Company are:Eddie: $15,500Melanie: $3,000Shelly: $24,500Total taxable wages: $43,000The FUTA tax owed by CFG Company is calculated as follows:Total taxable wages x FUTA tax rate = FUTA tax43,000 x 6.0% = 2,580
However, CFG Company is allowed to take a credit of up to 5.4% for state unemployment taxes paid. Since the company receives the maximum credit, the FUTA tax owed is reduced by this amount:FUTA tax owed - State unemployment tax credit = FUTA tax payable2,580 - (43,000 x 5.4%) = 2,580 - 2,322 = $258Therefore, the FUTA tax that CFG Company would owe for the year is $258.
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3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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2-3 personal experience of exploitation as a consumer
Answers
Answer:
Explanation:
Exploitation often involves a denial of an individual's right (in this case a consumer's right).
Consumers are often exploited in this three areas:
Poor quality standard: For example, one may purchase an electronic device, which in most cases the quality level is determined only after using the product and then discover that the product has failed to meet expectations like performance failure.
High Prices: This is often happens when a consumer isn't aware of the average price of a particular product and may be the taken advantage of by the seller.
False or Incomplete product description: Online shopping often presents this type of exploitation. For example, an individual may buy a wrist watch he thinks is made of silver, but receives the item an discover it is actually made of rubber material.