The formula to be used in cell L9 would be:
=IF(AND(B9="Manager",G9<80000),"Due","N/A")
This formula uses the IF function to check if the employee in row 9 is a manager and earns a salary of less than $80,000. If both conditions are true, the formula displays "Due" in the cell. Otherwise, it displays "N/A". The AND function is used to nest the two conditions together.To copy the formula down to the rest of the Raise Status column, select cell L9, hover the mouse over the bottom-right corner of the cell until the crosshair appears,anyone who does not fit the criteria Use the fill handle to copy the function down, populating the rest of the Raise Status column. Select Fill Without Formatting to preserve the existing formatting.then click and drag the fill handle down to the last row of the table. Select "Fill Without Formatting" from the options that appear to preserve the existing formatting of the table.
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the taxes you pay for snacks and other items at a gas station are an example of:_____.
The answer to the question is that the taxes you pay for snacks and other items at a gas station are an example of sales tax.
Sales tax is a percentage of the price of goods and services, collected by the retailer and then passed on to the government. It is imposed on various items, including snacks and other products sold at gas stations.
Sales tax is a consumption tax imposed by the government on the sale of goods and services. When you purchase snacks or other items at a gas station, the price you pay includes sales tax, which the retailer collects and later remits to the government. Sales tax rates may vary depending on the jurisdiction and type of product being purchased.
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______ do not engage in paid internet advertising as much due to smaller budgets.
Small businesses and startups often do not engage in paid internet advertising as much due to smaller budgets.
A startup is a young company that is just getting started and is often focused on developing innovative products or services in a specific industry or market. Startups are typically founded by entrepreneurs who are passionate about their ideas and are willing to take risks in order to bring their vision to life. Startups often face a number of challenges, including limited resources, competition from established companies, and the need to rapidly adapt to changing market conditions. However, startups also have several advantages, including the ability to be nimble and quickly pivot their strategy if needed, the opportunity to disrupt established industries and markets, and the potential for rapid growth and scalability.
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inflation is best defined as a sustained increase in the price of a single good or service. a sustained increase in the price of all goods and services in an economy. a relative price increase. a sustained increase in the average of all prices of goods and services in an economy.
The stylish way to describe Inflation is a steady rise in the average price of all goods and services in an economy. Option D is it.
In an economy, inflation can be considered is a rise in the average price of goods and services. Each unit of currency is worth lower when the overall price position rises; Accordingly, a drop in plutocrat's purchasing power is identified with affectation.
While high affectation can indicate an overheated frugality, moderate affectation is associated with profitable growth. Demand rises indeed briskly and directors continually raise prices if profitable growth accelerates fleetly.
Raised expansion deters saving since it disintegrates the buying force of the investment finances over the long run. That possibility has the implicit to motivate businesses and consumers to invest.
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on june 30, 2024, the esquire company sold merchandise to a customer and accepted a noninterest-bearing note in exchange. the note requires payment of $49,000 on march 31, 2025. the fair value of the merchandise exchanged is $46,060. esquire views the financing component of this contract as significant. required: prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), any december 31, 2024 interest accrual, and the march 31, 2025 collection. what is the effective interest rate on the note?
The journal entries for December 31, 2024 are Interest Receivable - $1,469, Interest Income - $1,469 and for March 31, 2025 are Cash - $49,000, Financing Receivable - $2,940, Interest Receivable - $1,469
The effective interest rate on the note is -8.3%.
Journal entries:
June 30, 2024
Accounts Receivable - $49,000
Sales - $46,060
Financing Receivable - $2,940
To record the sale of merchandise on a noninterest-bearing note with a significant financing component.
December 31, 2024
Interest Receivable - $1,469
Interest Income - $1,469
To accrue interest on the note using the effective interest rate.
March 31, 2025
Cash - $49,000
Financing Receivable - $2,940
Interest Receivable - $1,469
Interest Income - $1,469
To record the collection of the note and the final interest payment.
The effective interest rate on the note can be calculated using the following formula:
Effective interest rate = (Total interest expense / Net proceeds received) x (360 / n)
Where:
Total interest expense = Fair value of merchandise - Net proceeds received
Net proceeds received = Face value of the note
n = Number of days between the transaction date and the maturity date
Plugging in the numbers, we get:
Total interest expense = $46,060 - $49,000 = -$2,940 (negative means interest income)
Net proceeds received = $49,000
n = 273 (360 days - 87 days between June 30, 2024, and March 31, 2025)
Effective interest rate = (-$2,940 / $49,000) x (360 / 273) = -0.083 or -8.3%
The negative value means that Esquire is earning interest income rather than paying interest expense on the note. The December 31, 2024, journal entry accrues interest income using this rate. The March 31, 2025, journal entry records the final collection of the note and the interest income earned.
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