Answers
The mission of Venture Philanthropy Partners is to support underprivileged children and young people in Washington, D.C.
What is exemplified above?It is an illustration of a community fund.
What does the term "community fund" mean?Typically, a community foundation aids regionally focused nonprofit organisations. A community foundation is a type of public charity that mainly focuses on helping a specific region, primarily by coordinating and collecting donations for regional charities and addressing local issues. A developer who willingly donates a goodwill item is said to have provided a community benefit. In cases when development will have a long-term effect on local resources and the local environment, it is for the benefit of the communities affected by that development.
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Related Questions
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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Someone help choose correctly
Answers
Answer:
Bottom one for sure and least I think is either top one or the second to last.
Which of the following is a consequence of spending more than you make?
Answers
Answer:
A consequence of spending more than you make is being in debt.
Explanation: Spending money you don't have will mean that it's necessary to borrow money. If you can't afford to repay that money you will be in debt.
You have recently been promoted to General Manager at Creekview Lodge, a 50 room hotel in Gatlinburg, Tennessee. You started working at the lodge in high school in the restaurant and after college, returned to Creekview as one of the assistant managers before being promoted to hotel manager. Recently, a 200-room hotel opened not far from Creekview Lodge, and although Creekview still maintains near 100% capacity there has been quite a bit of turnover. More than ten employees left to work for the larger hotel which boasted higher pay and better health insurance.
You were informed this morning by the front desk team that the latest customer survey results show a drop in the satisfaction rating for guest room cleanliness. The current report indicates that 73% of guests responded "completely satisfied", 12% responded "satisfied", 10% responded "neither satisfied nor unsatisfied", and 5% responded "unsatisfied." The housekeeping staff lost four employees to the new hotel, so although disappointed, you aren’t surprised by this news. Still, you could not remember a time that the hotel had received such a low satisfaction rating.
As manager of Creekview Lodge, what is your next step in addressing the problem?
a. Take immediate action and require that all rooms be inspected by the hotel manager (you) or an assistant manager before being made available to customers
b. Review the standards of performance and compare to current performance
Answers
As the manager of Creekview Lodge, the next step will simply be to B. Review the standards of performance and compare them to current performance.
From the information given, it was stated that the latest customer survey results show a drop in the satisfaction rating for guest room cleanliness and that several staffs were lost to other companies.
Therefore, it's important to review the standards of performance and compare them to current performance. This will be vital in understanding the various issues that are affecting the company and then addressing them accordingly.
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Explain the merits, and why we would expect to see a correlation between GDP and financial well-being.
Answers
We would expect to see a correlation between GDP and financial well-being because Economic Growth, Income Generation, Consumer Spending, Investment Opportunities and Social Welfare Programs.
The correlation between GDP (Gross Domestic Product) and financial well-being can be attributed to several merits and factors. Here's an explanation of why we would expect to see a correlation between GDP and financial well-being:
Economic Growth: GDP is a measure of a country's economic output or production. When the GDP of a country is growing, it indicates a healthy and expanding economy. Income Generation: GDP growth is typically associated with increased income generation across various sectors of the economy. As businesses expand and create more job opportunities, individuals have a higher chance of finding employment and earning income. Consumer Spending: GDP growth often corresponds to increased consumer spending. When the economy is performing well, people tend to have more disposable income, which they can use to purchase goods and services. Increased consumer spending contributes to business revenue, job creation, and overall economic activity.Investment Opportunities: A growing GDP attracts domestic and foreign investments. When the economy is expanding, businesses and investors see opportunities for profitability and growth. Increased investment leads to the creation of new businesses, expansion of existing ones, and the development of infrastructure. Social Welfare Programs: Higher GDP often provides governments with more resources to invest in social welfare programs. These programs include healthcare, education, social security, and poverty alleviation initiatives.For such more question on Economic:
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According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?
Answers
The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.
Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:
Evaluation of the Night-light Data Method:
Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.Reasons for Differences between Traditional Expenditure Approach and Night-light Data:
Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.For such more question on economic:
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A successful data-driven market segmentation program depends on each of the following except:
a.
the rejection of tradiitional marketing research techniques
b.
the use of transactional and event data
c.
a common definition of market segments across all areas of the business
d.
developing a centralized and accessible CRM (Customer Relationship Management) database
Answers
A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".
The correct option to the given question is option a.
Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.
Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.
Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.
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If Yolanda wishes to understand her coworkers more deeply, she should study their ______.
a.
Body language
b.
Family tree
c.
TV viewing habits
d.
Clothes
Answers
Answer:
A Body Language. If somebody is all stiff, and their shoulders arent relaxed, there is probably something irritating them in their lives recently so they are on edge.
If Yolanda wishes to understand her coworkers more deeply, she should study their _____.
ans:a. Body language
exp:I hope i can help (^Δ^)
Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?
Answers
The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.
The introduction of the minimum wage does not increase the total income of workers taken as a group.
How to determine employment and real wageTo find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.
MPN =
\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P
\)
where P is the price of output, which we can assume is equal to 1.
This equation can be rearranged to solve for N:
N =
\((9/2) (K/w)^2\)
Plugging in K = 25 and w = 2, we get:
N =
\((9/2) (25/2^2) = 70.3125\)
To find the real wage, we can plug this value of N into the labor supply curve:
NS =
\(100[(1-t)w]^2 = 100(1-0)(2)^2\)
= 400
Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.
\((9/2)^0.5 (K/N)^0.5 = w/P
(9/2)^0.5 (25/N)^0.5 = 1/2
N = (9/2) (25/2^2) = 70.3125
w = 2(70.3125/100)^0.5 = 1.5811\)
The equilibrium real wage is $1.5811 per hour.
To determine whether the introduction of the minimum wage increases the total income of workers,
Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31
After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:
N =
\((9/2) (25/2^2) / (2)^2 = 35.15625\)
Total income after minimum wage = wN = 2 x 35.15625 = $70.31
Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.
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Which sentences in the passage describe a medium-term financial plan correctly?
Samuel is a manager in a multinational firm. After completing one and a half years, the company has shown considerable profits. The learning curve
shows high implicit costs incurred due to inexperience. His financial plan now includes the business setup costs. In his financial plan, he presents
the sales forecast annually for the next five years. He also prepares a profit and loss statement, where he includes the sources of income and likely
expenses over the next five years.
Answers
The sentence in the passage that describes a medium-term financial plan correctly is "In his financial plan, he presents the sales forecast annually for the next five years."
The medium-term financial plan is a comprehensive financial plan that covers the next few years, usually 3 to 5 years. It gives a direction for future budgeting, investing, and savings for mid-term goals.
In the given passage, Samuel's financial plan presents the sales forecast annually for the next five years, which implies that the financial plan covers the mid-term (3 to 5 years) rather than the short-term (less than one year) or the long-term (more than 5 years).
Hence, the sentence in the passage that describes a medium-term financial plan correctly is "In his financial plan, he presents the sales forecast annually for the next five years."
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Ryan Terlecki organized a new Internet company, CapUniverse, Inc. The company specializes in baseball-type caps with logos printed on them. Ryan, who is never without a cap, believes that his target market is college and high school students. You have been hired to record the transactions occurring in the first month of operations.
A. Issued 2,300 shares of $0.01 par value common stock to investors for cash at $23 per share.
B. Borrowed $62,000 from the bank to provide additional funding to begin operations; the note is due in two years.
C. Paid $2,300 cash for rent of a warehouse: $1,150 for the current month’s rent and another $1,150 for next month’s rent.
D. Paid $1,560 for a one-year fire insurance policy on the warehouse (recorded as a prepaid expense).
E. Purchased furniture and fixtures for the warehouse for $17,000, paying $3,500 cash and the rest on account. The amount is due within 30 days. F. Purchased for $3,100 cash The University of Pennsylvania, Notre Dame, The University of Texas at Austin, The Ohio State University, and Michigan State University baseball caps as inventory to sell online.
G. Placed advertisements on Google for a total of $260 cash; the ads were run immediately.
H. Sold caps totaling $2,300, half of which was charged on account. The cost of the caps sold was $1,500. (Hint: Make two entries.)
I. Made full payment for the furniture and fixtures purchased on account in.
J. Received $250 from a customer on account.
Required:_____
For each of the transactions, prepare journal entries. Be sure to categorize each account as an asset (A), liability (L). stockholders' equity (SE). revenue (R), or expense (E). Note that transaction(h). will require two entries, one for revenue and one for the related expense.
Answers
Answer:
A. Issued 2,300 shares of $0.01 par value common stock to investors for cash at $23 per share.
Dr Cash (A) 52,900
Cr Common stock (SE) 23
Cr Additional paid in capital (SE) 52,877
B. Borrowed $62,000 from the bank to provide additional funding to begin operations; the note is due in two years.
Dr Cash (A) 62,000
Cr Notes payable (L) 62,000
C. Paid $2,300 cash for rent of a warehouse: $1,150 for the current month’s rent and another $1,150 for next month’s rent.
Dr Rent expense (E) 1,150
Dr Prepaid rent (A) 1,150
Cr Cash (A) 2,300
D. Paid $1,560 for a one-year fire insurance policy on the warehouse (recorded as a prepaid expense).
Dr Prepaid insurance (A) 1,560
Cr Cash (A) 1,560
E. Purchased furniture and fixtures for the warehouse for $17,000, paying $3,500 cash and the rest on account. The amount is due within 30 days.
Dr FF&E (A) 17,000
Cr Cash (A) 3,500
Cr Accounts payable (L) 13,500
F. Purchased for $3,100 cash The University of Pennsylvania, Notre Dame, The University of Texas at Austin, The Ohio State University, and Michigan State University baseball caps as inventory to sell online.
Dr Merchandise inventory (A) 3,100
Cr Cash (A) 3,100
G. Placed advertisements on Google for a total of $260 cash; the ads were run immediately.
Dr Advertisement expense (E) 260
Cr Cash (A) 260
H. Sold caps totaling $2,300, half of which was charged on account. The cost of the caps sold was $1,500. (Hint: Make two entries.)
Dr Cash (A) 1,150
Dr Accounts receivable (A) 1,150
Cr Sales revenue (R) 2,300
Dr Cost of goods sold (E) 1,500
Cr Merchandise inventory (A) 1,500
I. Made full payment for the furniture and fixtures purchased on account in.
Dr Accounts payable (L) 13,500
Cr Cash (A) 13,500
J. Received $250 from a customer on account.
Dr Cash (A) 250
Cr Accounts receivable (A) 250
2. It is estimated that over 100,000 students will apply to the top 30 MBA programs in the United States this year. a. Using the concept of net present value and opportunity cost, explain when it is rational for an individual to pursue an MBA degree. b. What would you expect to happen to the number of applicants if the starting salaries of managers with MBA degrees remained constant but salaries of managers without such degrees decreased by 20 percent? Why?
Answers
It will be rational for an individual to pursue an MBA degree when the net present value (NPV) is positive.
In order for the individual to know if tp pursue the degree, the net present value should be calculated and when it's positive, then the degree should be pursued.
In a situation where the NPV is negative, the degree should not be pursued. When the starting salaries of managers with MBA degrees remained constant but salaries of managers without such degrees decreased by 20 percent, the number of applicants for the MBA degree will increase.
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You can earn 3% interest on a CD and 1.25% interest on a savings account.
How much more interest will the CD earn for one year if you make a deposit of
$1,650?
Financial Lit, please help!!
Answers
Answer:
The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.
What elements should an ideal CRR plan include?
Answers
The following components belong in a perfect CRR plan. communication lines that are clear, empathy and understanding, activity that is swift and efficient, Feedback and follow-up Continual development
A CRR report: what is it?The Cyber Resilience Assessment (CRR) is an evaluation of an organisation s resilience or cybersecurity measures based on interviews. Your organization will get knowledge of how to handle cyber risk during both regular operations and during periods of stress levels and catastrophe through the CRR.
What is CRR's emergency response?Your department can use what you already know to reduce hazards in your operational area with the aid of a community reducing risk (CRR) program. CRR employs a wide range of instruments to create a strategy and integrated program aimed at minimizing the occurrence and effects of local risks.
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Dents and Dings Auto Body buys paint with a list price of $33,000. If the supplier extends trade discounts of 30/35/20, what is the trade discount amount?
• $1,617
• $12,012
• $20,988
• $31,383
Answers
Answer:
20,988
Explanation:
The Case: The hairdressing industry in Pakistan is flourishing day by day. There are certainly lots of hairdressers and each of the hairdressers has a slightly different type of skill. Some salons only cut, some only provide color services, some only do natural hair, some do all types, etc. Also, they have different premises situated in a different location where they provide the services. The prices offered by the hairdresser depend on the services offered by them and its uniqueness. If the particular hairdresser is known for providing the best services in the particular market then he can increase the prices of his services as he knows that consumers can pay slightly more amount of money for his superior services. There is relatively a low barrier for entry and exit for setting up a new hairdresser shop. Requirement: Read the above scenario and explain in which market structure ‘the hairdressing industry’ falls and how?
Answers
Answer:
The Hairdressing Industry in Pakistan
The market structure of "the hairdressing industry" falls under Monopolistic Competition. The features of this market structure include: many hairdresser shops, low barriers for entry and exit for setting up a new hairdresser shop, the hairdressing services are not perfect substitutes, and the pricing decisions of any one shop do not impact others.
Explanation:
In a monopolistic competition, each firm is differentiated from others by distinct goods and services. This situation is enhanced in a services industry, where different skills are employed to further differentiate each firm's services from the others. While the products and services may look similar, one cannot actually substitute one for the other. Therefore, each firm can charge different prices for their distinct products and services without being influenced by the other firms, unless through a cartel arrangement.
Majestic Homes stock traditionally provides an 8% rate of return.The company just paid a $2 a year dividend which is expected to increase by 5% per year.If you are planning on buying 1,000 shares of this stock next year,how much should you expect to pay per share if the market rate of return for this type of security is 9% at the time of your purchase?
A) $48.60
B) $52.50
C) $55.13
D) $57.89
E) $70.00
Answers
Answer:
C) $55.13
Explanation:
Dividend in one year = Current dividend * (1 + growth rate)
Dividend in one year = $2 * (1+0.05)
Dividend in one year = $2 * 1.05
Dividend in one year = $2.1
Price in one year = Recent dividend * (1+growth rate) / (cost of equity - growth rate)
Price in one year = $2.1 * (1+0.05) / (0.09 - 0.05)
Price in one year = $2.1 * 1.05 / 0.04
Price in one year = $2.205 / 0.04
Price in one year = $55.125
Price in one year = $55.13
What is the purpose of requiring contractors to pay overtime on government contracts?A.To allow workers to spend more time with their families
B.To discourage contractors from working on government contracts
C.To increase taxes paid by contractors
D.To encourage contractors to hire more workers
Answers
The purpose of requiring contractors to pay overtime on government contracts is D.To encourage contractors to hire more workers.
What is an overtime payment?Overtime payment is compensation compulsorily required by law, which employers must pay their workers for working beyond normal working hours.
As a compensation package, overtime payments encourage the workers to work more hours, ensuring that employers do not over-labor their employees without adequate compensation.
Paying overtime is not a requirement to discourage contractors, increase their taxes, or allow workers to spend more time with their families.
Thus, government contracts require contractors to pay overtime to encourage them to hire more workers instead of using overtime, which attracts a higher rate.
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Mack purchased a variable annuity with $50,000 premium deposits, which he splits equally between 2 subaccounts, at the time of purchase, the value of units in subaccount 1 was $25 and the value of units in subaccount 2 was $10.00, 6 months later the value of units in subaccount 1 increased to $30 and the value of units in subaccount 2 decreased to $8, What was the value of Mack's contract at that point?
Answers
Answer:
$50,000
Explanation:
Calculation to determine the value of Mack's contract at that point
First step is to calculate Units Purchased of Subaccount 1 using this formula
Units Purchased of Subaccount 1 = Amount of Premium deposit in Sub Account 1 /Unit Value of Sub Account 1
Let plug in the formula
Units Purchased of Subaccount 1 =($50,000/2 )/$25
Units Purchased of Subaccount 1 = $25000 / $25
Units Purchased of Subaccount 1 = 1000 Units
Second step is to calculate the Units Purchased of Subaccount 2 using this formula
Units Purchased of Subaccount 2= Amount of Premium deposit in Sub Account 2/Unit Value of Sub Account 2
Let plug in the formula
Units Purchased of Subaccount 2 =($50,000/2)/$10
Units Purchased of Subaccount 2 = $25000 / $10
Units Purchased of Subaccount 2 = 2500 Units
Now let determie the Value of Mark Contract at that point
Value of Mark Contract = (1000 * $30) + (2500 * $8)
Value of Mark Contract = $30000 + $20000
Value of Mark Contract = $50000
Therefore the value of Mack's contract at that point is $50,000
Which of these might be an example of an advertiser's target group?
Answers
The example of an advertiser's target group is B.people the advertisers know nothing about.
What is advertiser's target group?The target audience an be desribed as the specific group of consumers that is in the position whereby they are the most likely to want the product or service, ther is been advertised and they can be considered as the people who should see the ad campaigns.
Ity shouldbe noted that the Target audience can be seen by using the gender, income, location, as well as interests and age which could depend on the product that is been advertised to them them.
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missing options;
A.People who have no access to media
B.people the advertisers know nothing about
C. People who watch a variety of TV shows
D. People who live in the same region of the country
t 3 Lab Learning Activity
K
Marcus Richardson
HW Score: 0%, 0 of 4 points
O Points: 0 of 1
11/03/22 7:32 PM
Question 1, P4-4 (similar to)
(Related to Checkpoint 4.1) (Liquidity analysis) Airspot Motors, Inc. has $2,505,600 in current assets and $864,000 in current liabilities. The company's managers want to
increase the firm's inventory, which will be financed using short-term debt. How much can the firm increase its inventory without its current ratio falling below 2.1
Answers
$6,28,363 the firm increase its inventory without its current ratio falling below 2.1
Current ratio = Current asset / current liability
Increasing inventory would increase the current asset.
We assume the additional inventory = L
So new current asset = L + $2,505,600
New current liability = L + $864,000
So, L + $2,505,600÷ L + $864,000 = 2.1
By solving L we get, L= $6,28,363
In other words, assets are items that provide a financial benefit to a company, such as inventory, buildings, equipment, and cash. They aid a company's ability to manufacture goods or provide services both now and in the future. A company's liabilities are its obligations—either money owed or services not yet performed.
Liabilities are the debts owed by a company to third-party creditors. Accounts payable may include notes payable and bank debt. Businesses take on debt in order to expand faster. A company's stability is determined by the balance of its debts and assets
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List the entities and personnel involved in an Automobile's Repair Shop's "supply chain" 1. How do you think these do or should all work together? 2. How do you think it could be improved?
Answers
The entities and personnel involved in an Automobile's Repair Shop's "supply chain are;
the parts manufacturers auto mechanics electriciansThey should work together so that the final consumer who were the owners of the automobiles can get their cars repaired.
It can be improved if the parts manufacturers make the parts to be available at cheaper rate for the shops that are dealing with the mechanical work.
What is supply chain?A supply chain can be described as the network of all the individuals, as well as entity that are responsible for the creation and sale of a product.
For instance the Automobile's Repair Shop's encompass the activities of the the parts manufacturers , auto mechanics and electricians which are chains to be followed in order to get the automobiled repaired.
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my bunnies Lola (gray and white) and Sylvester (brown)
Answers
Answer:
cute
Explanation:
theyre so cute
Answer:
omg your bunnies are SO cute!
Explanation:
:D
Taco Loco is unsure whether the amount of beef that their computer thinks is in inventory is correct. What is the range in values for beef inventory that would not affect the optimal product mix? A) 26 to 38.22 pounds B) 27.55 to 28.45 pounds C) 17.78 to 30 pounds D) 12.22 to 28 pounds
Answers
Answer:
C: 17.78-30 pounds
If Congress cuts personal income taxes and business taxes at the same time, then aggregate demand, short-run aggregate supply, and price level will change in which of the following ways: AD / SRAS / Price LevelA) Increase / No Change / IncreaseB) No Change / Increase / IncreaseC) Increase / Increase / IndeterminateD) Increase / No Change / IndeterminateE) No Change / Increase / Indeterminate
Answers
Congress cuts personal income taxes and business taxes at the same time, then aggregate demand, short-run aggregate supply, and price level will Increase / Increase / Indeterminate.
Income taxes affect the consumption component of aggregate demand. A reduction in income taxes would increase personal disposable income, increase consumption (but less than the change in personal disposable income), and increase aggregate demand.
The term “income tax” refers to a type of tax that governments impose on income generated by businesses and individuals within their jurisdiction. Taxpayers are required by law to file an annual income tax return to determine their tax liability. Income tax is the source of state revenue.
According to the existing provisions of the IT Law, all individuals/corporations with income are obliged to file an income tax return regardless of the amount of income. However, currently, income tax is payable only if your taxable net income exceeds Rs. 2.5 rupees.
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Answer:
Increase / Increase / Indeterminate
Explanation:
Took the test & got it right.
The following income statements are provided for Li Company's last two years of operation: Year 1 Year 2 Number of units produced and sold 4,500 4,100 Sales revenue $ 69,750 $ 63,550 Cost of goods sold 41,700 38,000 Gross margin 28,050 25,550 General, selling, and administrative expenses 17,500 16,300 Net income $ 10,550 $ 9,250 Assuming that cost behavior did not change over the two-year period, what is Li Company's contribution margin in Year 2?
Answers
Answer:
$13,325
Explanation:
Calculation to determine Li Company's contribution margin in Year 2
First step is to calculate the Variable cost per unit
Using this formula
Variable cost per unit = Change in costs ÷ Change in activity Cost of goods sold
Let plug in the formula
Variable cost per unit = (41,700 − 38,000) ÷ (4,500 units − 4,100 units)
Variable cost per unit =3,700/400
Variable cost per unit = $9.25 per unit
Second step is to calculate the Selling and administrative expense
Variable cost per unit = (17,500- 16,300) ÷ (4,500 units − 4,100 units)
Variable cost per unit =1,200/400 units
Variable cost per unit = $3.00 per unit
Now let calculate the Contribution margin in Year 2
Using this formula
Contribution margin = Sales revenue − Variable costs
Let plug in the formula
Contribution margin= $ 63,550 − [4,100 units × ($9.25 per unit + $3.00 per unit)]
Contribution margin=$ 63,550-(4,100 units×$12.25)
Contribution margin=$ 63,550-$50,225
Contribution margin = $13,325
Therefore Li Company's contribution margin in Year 2 is $13,325
Selected transactions for the Joel Berges Company are presented in journal form below.
Date Account Titles and Explanation Ref. Debit Credit
5-May Accounts Receivable 4,100
     Service Revenue 4,100
       (Billed for services performed)
12 Cash 2,400
    Accounts Receivable 2,400
      (Received cash in payment of account)
15 Cash 3,000
    Service Revenue 3,000
       (Received cash for services performed)
Required:
Post the transactions to T-accounts and determine each account's ending balance.
Answers
Answer:
1. Cash
Date Amount Date Amount
12 May $2,400
15 May $3,000
Ending Bal. $5,400
2. Account Receivables
Date Amount Date Amount
5 May $4,100 12 May $2,400
Bal C/D $1,700
$4,100 $4,100
Ending Bal. $1,700
3. Service Revenue
Date Amount Date Amount
5 May $4,100
15 May $3,000
End Bal. $7,100
The total factory overhead for Bardot Marine Company is budgeted for the year at $669,375, divided into two departments: Fabrication, $409,500, and Assembly, $259,875. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require one direct labor hour in Fabrication and three direct labor hours in Assembly. The bass boats require three direct labor hours in Fabrication and four direct labor hours in Assembly. Each product is budgeted for 4,500 units of production for the year.
Answers
The overhead rates for the departments of Fabrication and Assembly are $15.17 and $8.25 per direct labour hour, respectively.
Explain the above mechanism.We must divide the entire overhead expense by the total direct work hours for each unit in order to determine the predetermined overhead for each department. For the division of fabrication:
All direct labour hours for Fabrication divided by Fabrication overhead costs equals the overhead rate.
Overhead rate is $409,500 divided by [(1 hour per speedboat multiplied by 4,500 speedboats) + (three hours per bass boat multiplied by 4,500 bass boats)].
Overhead is calculated as 27,000 direct work hours x $409,500.
Cost of overhead is $15.17 per hour of direct labour
Regarding the Assembly division:
All direct labour hours for Assembly divided by Assembly overhead cost equals the overhead rate.
Overhead rate is equal to $259,875 divided by [(3 hours per speedboat times 4,500 speedboats) + (4 hours per bass boat times 4,500 bass boats)].
$259,875 in overhead divided by 31,500 hours of direct labour
Cost of overhead is $8.25 per hour of direct labour.
As a result, the overhead rates for the departments of Fabrication and Assembly are $15.17 and $8.25 per direct labour hour, respectively.
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Match each type of insurance with an example of when the insurance
company would make a payment.
Renter's
insurance
?.
You cause an accident
that damages someone
else's car.
Liability coverage
?
You have to take a month
off from work because of
a broken leg.
Health insurance
2
Your stereo and computer
are stolen from your
apartment
Disability
insurance
?
You go to the emergency
room after a car accident.
Answers
Answer:
See below
Explanation:
Renter's insurance
Your stereo and computer are stolen from your apartment. Renters insurance provides coverage for policyholder's properties other than their dwelling place.
Liability coverage
You cause an accident that damages someone else's car. It protects against claims arising from damages to other people or their properties.
Health insurance
You go to the emergency room after a car accident. Offers insurance coverage for medical bills incurred by the policyholder or their dependents.
Disability Insurance
You have to take a month off from work because of a broken leg. Provides protection against loss of income as a result of serious bodily injuries to the policyholder.
To help audiences understand large amounts of information, which visuals are the most suitable?
Answers
different between isoquant and isocost