Vulcan Company is a monthly depositor whose tax liability for March 20-- is $2,505.
1. What is the due date for the deposit of these taxes?
April 15
2. Assume that no deposit was made until April 29 (14 days late). Compute the following penalties. Assume a 365-day year in your computations. Round your answers to the nearest cent.
a. Penalty for failure to make timely deposit. $250.50
b. Penalty for failure to fully pay tax. $12.53
c. Interest on taxes due and unpaid (assume a 6% interest rate). $5.76
d. Total penalty imposed. $268.79

Answers

Answer 1

The total penalty imposed is the sum of these three amounts, which comes to $268.79.

Vulcan Company was required to deposit taxes amounting to $2,505 for March 20--, with a due date of April 15. If the deposit was not made until April 29, the company would incur penalties and interest. The penalty for failing to make a timely deposit is 10% of the tax liability, which amounts to $250.50 in this case.

The penalty for failing to fully pay tax is 0.5% of the tax liability, which amounts to $12.53. Interest on the unpaid taxes from April 15 to April 29 would be $5.76, assuming a 6% interest rate. The total penalty imposed is the sum of these three amounts, which comes to $268.79. It is important for companies to make timely tax deposits to avoid such penalties and interest charges.

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Related Questions

Which one of the following statements is correct?

a. Cost can be controlled only by those who are managing the project

b. Cost can be controlled only by those who are managing the project risk

c. Cost can be controlled only by those who are doing the spending

d. Cost can be controlled only by those who are doing the work

Answers

The correct statement is "Cost can be controlled only by those who are doing the work." Option D.

This statement reflects the principle of responsibility assignment in project management, according to which each team member is accountable for their task or activities.

Cost management is a crucial aspect of project management, which requires the involvement of the entire project team, not just the managers.

Therefore, team members who are responsible for carrying out the activities are required to be cautious in their approach to carrying out the assigned task to control the cost and keep it within the allocated budget. It is essential for them to understand the scope of the work and execute it effectively and efficiently.

In conclusion, the statement "Cost can be controlled only by those who are doing the work" highlights the importance of assigning responsibility and accountability to the team members to ensure the cost of the project does not exceed the allocated budget.

Hence, the right answer is option D.

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Select the correct answer. Under which market structure does the action of one company have a spillover effect on other companies’ decisions?

A. oligopoly
B. perfect competition
C. monopoly
D. monopolistic competition

Answers

Answer:

A. oligopoly

Explanation:

a state of limited competition, in which a market is shared by a small number of producers or sellers.

Under oligopoly, the action of one company has a spillover effect on other companies’ decisions. Thus, option A is the correct option.

What is a company?

A company can be defined as an institution who makes a product or service and sells it or endorse it in the market to earn revenue.

When there is any change or shift in the market with respect to any sort of commodity than that effect goes on to another product which can be considered as a substitutional product is called as oligopoly.

For example, in the case of a cold drink if one cold drinks prices increases or the demand decreases then people start to prefer to another call ring that can be considered as it substitute product this system can be referred to as an oligopoly. Therefore, option A is the correct option.

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what do business owners consider when they select a business ownership structure?

Answers

Personal circumstances, financial needs, and the type of business.

Check all of the perks a job might offer as incentives for potential applicants

A) gym membership
B) 401k investment plans
C) health benefits
D) child care services

Answers

Answer:C,D

Explanation:

C,d that is what he answers

Choose the best sentence closer to complete the sentence below.

Dianna adopted two dogs from the animal shelter

Please select the best answer from the choices provided

since she was allergic to them

because she couldn't decide between them

O although she loves dogs

after deciding to get a new cat

Answers

The best sentence to complete the sentence "Dianna adopted two dogs from the animal shelter" is "although she loves dogs." This sentence provides a logical and fitting ending to the statement since it shows that Dianna has an affinity for dogs. By choosing this sentence, it suggests that Dianna adopted the dogs out of love and compassion rather than necessity or indecisiveness.

The word "although" is a conjunction that shows a contrast between two ideas, making the sentence more complex and interesting. This word provides insight into the motivation behind Dianna's adoption, which was likely driven by her love for dogs despite any challenges that may come with owning them. This sentence also sets up an expectation that there may be more to the story than meets the eye, making the reader more curious to find out what happens next.

In summary, "although she loves dogs" is the best sentence to complete the sentence "Dianna adopted two dogs from the animal shelter." It provides a fitting ending that highlights Dianna's love for dogs and creates intrigue for the reader to continue reading the story.

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This talk was given in 2013. Considering how quickly technology changes, do you think this talk is still applicable to life and technology today?

Answers

Answer:

Typically, yes. It was 2013. But a lot has happened these past years. So I'm leaning on a more side of "No" since it was 2013 like I've said before. technology changes a lot.

Explanation:

How long is most information retained on a credit report?.

Answers

Answer:

So, in general, most items reported to the credit bureaus fall off between two and ten years after they’re first reported.

Explanation:

Hope this helps you!!!

Hammers, screwdrivers, drills, and saws are _____ a construction worker uses.


-tasks

-skills

-tools

-qualifications

Answers

Answer:

are a - tool - construction workers use

the answer is tools

cobe company has manufactured 260 partially finished cabinets at a cost of $65,000. these can be sold as is for $78,000. instead, the cabinets can be stained and fitted with hardware to make finished cabinets. further processing costs would be $15,600, and the finished cabinets could be sold for $104,000. (a) prepare a sell as is or process further analysis of income effects. (b) should the cabinets be sold as is or processed further and then sold?

Answers

the cabinets should be processed further and then sold. By doing so, the company can increase its net income by $10,400. a sell as is or process further analysis of income effects:

Sell as is:

Revenue from selling partially finished cabinets = $78,000

Cost of manufacturing partially finished cabinets = $65,000

Net income from selling partially finished cabinets = $78,000 - $65,000 = $13,000

Process further:

Revenue from selling finished cabinets = $104,000

Cost of processing and finishing partially finished cabinets = $15,600

Cost of manufacturing partially finished cabinets = $65,000

Total cost of producing finished cabinets = $65,000 + $15,600 = $80,600

Net income from selling finished cabinets = $104,000 - $80,600 = $23,400

the cabinets be sold as is or processed further and then sold:

The incremental revenue from processing the partially finished cabinets is $104,000 - $78,000 = $26,000. The incremental cost of processing the partially finished cabinets is $15,600.

The incremental net income from processing the partially finished cabinets is $26,000 - $15,600 = $10,400.

Since the incremental net income from processing the partially finished cabinets is positive, it is recommended that the cabinets should be processed further and then sold. By doing so, the company can increase its net income by $10,400.

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The impact of discrimination behaviour to an individual ​

Answers

Answer:

Discrimination affects people's opportunities, their well-being, and their sense of agency. Persistent exposure to discrimination can lead individuals to internalize the prejudice or stigma that is directed against them, manifesting in shame, low self-esteem, fear and stress, as well as poor health.

Explanation:

Explain the importance of the processor as apart of the computer system. ​

Answers

Answer:

Explanation:

The purpose of a computer processor is to do the actual computation done by the computer, which includes managing the computer's memory, handling input from users, sending them output and doing whatever calculations are necessary.

\( \huge \mathbf{ \colorbox{black}{ \color{white}{Hello!}}} \boxed{♡} \Huge{►}\)

Its function is to be the brain of the entire operation of the system, being in charge of directing all the tasks carried out by our team and of executing the code of the different programs, often with the joint help of the rest of the components and peripherals.

Any point inside a production possibilities curve is.

Answers

Any point inside a production possibilities curve is an inefficient point of production.

What is the production possibilities curve?

The production possibilities curve is a curve that depicts the various combinations of two goods a country can produce when its resources are used to its optimum capacity.

Point outside the curve means that the production level is not attainable given the level of resources. Points inside the production possibilities curve means that the nations resources are not being fully utilised

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A stock will pay no dividends for the next 5 years. then it will pay a dividend of $8.82 growing at 3.4%. the discount rate is 8.83%. what should be the current stock price

Answers

The current stock price should be $107.57.

To calculate the current stock price, we need to use the dividend discount model:

P = D / (r - g)

Where:

P = current stock price

D = dividend payment

r = discount rate

g = dividend growth rate

Since the stock will not pay dividends for the next 5 years, the first dividend payment will be in year 6. So we need to calculate the present value of the future dividend payment:

D6 = D5 × (1 + g) = $8.82 × (1 + 0.034) = $9.10

\(PV(D6) = $9.10 / (1 + 0.0883)^5 = $5.91\)

Now we can use the dividend discount model to calculate the current stock price:

P = $5.91 / (0.0883 - 0.034) = $107.57

Therefore, the current stock price should be $107.57.

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When Rosco was unable to pay the $1,000 he owed Lyden, Lyden agreed to let Rosco paint Lyden's house in payment. When Rosco finished painting Rosco's house, the original obligation was discharged by

Answers

Answer:

full (by painting his house)

Explanation:

When Rosco was unable to pay the $1,000 he owed Lyden, Lyden agreed to let Rosco paint Lyden's house in payment. When Rosco finished painting Rosco's house, the original obligation was discharged by full (by painting his house)

Reason -

(i.e. If Rosco is unable to pay $1000 then in that option he painted Lyden's house so he is discharged by painting his house )

Name three factors that determine a good’s or service’s elasticity.

Answers

Answer:

Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price.

Explanation:

Answer:

(1) availability of substitutes(2) if the good is a luxury or a necessity, (3) the proportion of income spent on the good, and(4) how much time has elapsed since the time the price changed.

How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

The study of group __________ helps us to recognize the formation of a group and states how the group should be organized, lead and promoted. Fill in the blank.

Answers

Answer:

dynamics

Explanation:

Group dynamics is a term that is used in describing the formation and the actual nature or characteristics of a group in connection to every member of the group and or in relation to how the group interacts with other groups.

Hence, the study of group DYNAMICS helps us to recognize the formation of a group and states how the group should be organized, lead, and promoted.

When the Group of  dynamics may be a term that's utilized in describing the formation and also the actual nature or characteristics of a bunch in connection to each member of the group and or in respect to how the group interacts with other groups.

Dynamics

Hence, the study of social psychology that is Dynamics helps us to acknowledge the formation of a gaggle and states how the group should be organized, lead, and promoted.

Thus, the correct answer is Dynamics

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What Came first, the color orange or the fruit?

Answers

The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s and came to us from the Old French orenge, adapted from the Arabic nāranj, from the Persian nārang, from the Sanskrit nāranga (“orange tree”)

Answer:

the fruit

Explanation:

The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s

Exclusive control over a service or product on the market is called: ________

Answers

Exclusive control over a service or product on the market is called a monopoly.

A monopoly exists when a single firm or entity is the only supplier of a particular good or service in the market, giving it exclusive control over the production and distribution of that good or service. In a monopoly, the monopolist can set the price of the good or service at a level that maximizes their profits, as there are no other competitors to drive down prices. However, monopolies are often subject to government regulation to prevent abuse of their market power, such as charging excessively high prices or engaging in anti-competitive behavior.

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What is kyle's marginal propensity to save if his saving increases by $200 after receiving a $1,000 increase in salary?

Answers

Kyle's marginal propensity to save if his saving increases by $200 after receiving a $1,000 increase in salary is 0.2.

The change in household savings when disposable income rises by one dollar is measured by the marginal propensity to save (MPS). According to the MPC notion, which is a number between 0 and 1, customers often spend only a portion of a dollar's worth of additional disposable income. Customers preserve their extra discretionary income instead of using it. In light of this, the marginal propensity to save (MPS) is the portion of the extra dollar of discretionary income that is saved. Most frequently, Keynesian economic theory uses MPS. It is simply determined by dividing the observed change in savings given a change in income:

MPS = ΔS/ΔY

Where S represents the change in savings, and Y represents the change in income. so 200/1000 would give us 0.2 as the answer above.

The number for MPS can be subtracted from the MPC since there is an inverse relationship between the marginal propensities to spend and save.

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What are some things that the presenter can do to engage the audience?

Answers

Answer:

Wow

Explanation:

Co

Answer:

Start your presentation by making them think. Ask them a question, or start with statistics. Make your presentation as relatable as it can possibly get. DON'T repeat yourself. I causes the audience to get board. Don't tell them why your presentation matters, show them. Be confident and do your best. It spreads a positive message and the more confident you seem on the topic and on the presentation the more people will want to listen.

Explanation: BELIVE IN YOURSELF AND DO YOUR BEST, if it still doesn't go well, life might be trying to tell you something.

Hope this helps! I know you'll do great!

If the store where you purchased an item cannot or will not help you with a problem,
the next place to turn is to the manufacturer.
TRUE OR FALSE

Answers

Answer:

True

Explanation:

the u.s. chronically runs a large balance of trade (bot) deficit. meanwhile, the u.s. dollar has often been strong against foreign currencies. why is this so?

Answers

The US chronically runs a large balance of trade deficit due to factors such as domestic consumption patterns and the global demand for the US dollar.

Explanation: The chronic trade deficit in the United States can be attributed to several factors. One key factor is the consumption patterns of US households.

The US has a strong consumer culture, and Americans tend to spend more on imported goods than what is exported, leading to a trade imbalance.

This imbalance can be influenced by various factors such as preferences for foreign products, differences in production costs, and the availability of goods in the domestic market.

Additionally, the US dollar's strength against foreign currencies is another contributing factor to the trade deficit. The US dollar is considered a reserve currency and is widely used in international transactions and trade.

The strength of the US dollar can make imported goods relatively cheaper, stimulating domestic consumption of foreign goods, while making US exports relatively more expensive for foreign buyers. This exchange rate dynamic can further exacerbate the trade deficit.

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50. Which of the following is NOT a source of equity on a firm's balance sheet?

a.
additional paid-in capital

b.
retained earnings

c.
common stock

d.
property, plant, and equipment

Answers

The property, plant, and equipment is  NOT a source of equity on a firm's balance sheet. Thus the correct option is D.

What is Equity In the balance sheet?

In a company's financial accounts, equity is not categorized as either an asset or a liability. A company's equity is the sum that is left over after subtracting its liabilities and assets.

The property, plant, and equipment come under the asset part of the balance sheet demonstrating the capital of the organization. The source of equity is referred to as retained earnings, paid-in capital as well as Common stock.

Therefore, option D is appropriate.

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When the stock market as a whole is rising in value then it is referred to as a bear market. True or false?

Answers

Answer: False

Explanation: A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment.

HELPPPP. Which of the following businesses would probably not have a change fund?
(A) drugstore.
(B) supermarket.
(C) lawyer’s office.
(D) newsstand.

Answers

Answer:

C. Lawyer's office

Explanation:

A change fund consists of bills and coins that are used to make change for cash transactions.

economic problem you face as an individual​

Answers

Answer:

I'm spending WAY too much money on my favorite snack which are purple Doritos. / The Dorito company is having a huge shortage of my favorite snack which are the purple Doritos and I don't know what to do!

Explanation:

Remember what economics is when you are asked this question. Economics basically are along the lines of distribution and consumption of goods could mean internationally or it could just mean in your state. If you have a favorite snack that you like to buy from stores whenever you go to them, you buying and taking that snack is basic economics, you have a demand for that product because you like it so much, and they (owners of the snack) have a supply of that demand so you then spend money (currency) in order to get that demand or snack which is basic economics. A problem in this scenario would be you spending too much money on your favorite snack, or the supplier of that snack is having a shortage and you can't buy your favorite snack as much as you want.

Hope this helps.

Answer:

The imbalance between production, distribution and consumption generates various phenomena that affect the economy; some of them are unemployment, shortages, overproduction, devaluation, inflation, indebtedness and damage to the environment.

Explanation:

the government accountability office reports that sweatshops. are no longer a problem in this country, often employ undocumented workers and Childern, following all OSHA guidelines, none of the above​

Answers

Answer:

often employ undocumented workers and children

Explanation:

Adam smith suggests that increased competition will allow prices to be kept ______________________.

Answers

Adam Smith suggests that increased competition will allow prices to be kept at equilibrium or natural price. This is further explained below.

What is equilibrium price?

Generally, When there is a balance between the supply of products and the demand for those items, an equilibrium price is reached. Whenever a major index goes through a phase of consolidation or sideways motion

In conclusion, Adam Smith argues that market forces will stabilize prices at a natural level of competition is enhanced.

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Do you think that employers have a right to judge an applicant attitude when hiring? Give a reason for your answer

Answers

Yes, attitude is everything. If an applicant has a bad attitude and a negative outlook on things, they aren’t good fort he job. A positive attitude is EVERYTHING in the workplace environment. I wouldn’t want to hire a doctor who isn’t compassionate towards his/her patients. I would want to hire a doctor who sees the light even in dark situations. I want a doctor who cares about saving lives. I want a doctor who will own up to their mistakes. I want to strive to be this type of person.

Hope this helps :)
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Due today, please help cameron industries is purchasing a new chemical vapor depositor in order to make silicon chips. it will cost $5,000,000 to buy the machine and $10,000 to have it delivered and installed. building a clean room in the plant for the machine will cost an additional $3 million. the machine is expected to raise gross profits by $4,500,000 per year, starting at the end of the first year, with associated costs of $1 million for each of those years. the machine is expected to have a working life of six years and will be depreciated over those six years. the marginal tax rate is 40%. what are the incremental free cash flows associated with the new machine in year 2? In the Andean valleys, the Nazca civilization is best known for its attractive pottery and mysterious (5 points)Nazca animal headsNazca linesNazca stone homesNazca HELP ASAP QUESTION 1! Please help? With this question g During fiscal 2011, we repurchased with cash (i.e., bought) 2 million shares of common stock for an aggregate purchase cost of $700 million. We reissued (i.e., sold) 5 million shares of common stock held in treasury for $2000 million in cash during fiscal 2011. The cost basis of the 5 million shares of treasury stock reissued is $300 per share. What journal entries did ALM record in its treasury stock transactions in 2011 Read the excerpt from "Children of the Drug Wars.By sending these children away, "you are handing them a death sentence, says Jos Arnulfo Ochoa Ochoa, an expert in Honduras with World Vision International, a Christian humanitarian aid group. This abrogates international conventions we have signed and undermines our credibility as a humane country. It would be a disgrace if this wealthy nation turned its back on the 52,000 children who have arrived since October, many of them legitimate refugees. The underlined words and phrases have strong negative connotations. How do they support the authors purpose?They draw attention to the opinion that the United States is not doing enough to help these children.They show that there is a desperate need for all countries to be willing to help refugees.They show that the United States has participated in international conventions on how to handle the refugee crisis.They make it clear that the United States will lose the respect of other nations if it does not help these children. please help!!how did American civilizations develop means of communication relate them to how greene's analysis of labor on the panama canal differs from that portrayed in mcculloughs film Schwiesow corporation has provided the following information: cost per unitcost per period direct materials$7.40 direct labor$3.80 variable manufacturing overhead$1.80 fixed manufacturing overhead $16,000 sales commissions$1.00 variable administrative expense$0.50 fixed selling and administrative expense $5,600 if 7,500 units are produced, the total amount of manufacturing overhead cost is closest to: 3 Ways People Participated In The Second Great3 People Who Were Involved In ItAnother Major U.S. Event Happening During This Time ( 1730,1740) Was The what is the slope and y-intercept of 5x + y =6 What factors promote and affect world trade if you are involved in a small start-up or very tiny company chances you would be working as part of a team. true or false What is the weight of a 10kg object on earth if its weight is 30N? why a stock reverse split is not considered a healthy sign for acompany? Problem 20 Stability Tests [12] If you can determine the stability of the following polynomials without using t] Routh-Hurwitz criterion or solving for the roots, do so. Otherwise use the Routh-Hurwi criterion. (f) s3+2s2+3s+1 (g) s3+2s2+3s1 If a police officer wants to find out whether the average speed of motorists on a highway with a speed limit of 55 mph is greater than 55 mph, then the null hypothesis is 55.True or False? what is the length of x?942536 ________ is the ability to maintain equilibrium despite forces pulling off equilibrium.A) Extent flexibilityB) Dynamic strengthC) BalanceD) StaminaE) Dynamic flexibility