If the social security tax increase by 1.89%, the annual tax would increase by $1,020 on an annual salary of $54,000.
To solve the diminishing social security payroll the social security tax increases which will result in an increase in the annual tax on salary. This is calculated as
Increase in Annual Tax=Salary × increase in social security tax
From the question we have
The salary which is equal to $54,000
the social security tax increase by 1.89%,
Increase in Annual Tax=$54,000 × 1.89%,
=$1,020.60
Therefore, the correct option is (a) annual tax would increase by $1,020.60.
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a country wants to hold its currency against the u.s. dollar without a formal pegged rate. the central bank of the country will intervene in the foreign exchange market to maintain the value of its currency should it depreciate too rapidly against the dollar. this practice is known as
This practice is known as clean float. A clean float, also known as a pure exchange rate, is when a currency's value or exchange rate is solely decided by market supply and demand.
A dirty float, which happens when governmental regulations or laws have an impact on currency pricing, is the antithesis of a clean float. Since there are no limits on capital flow, markets are able to allocate resources (including financial capital) effectively. Additionally, fluctuations in the nominal exchange rate account for the majority of adjustments to both local and international shocks. Exchange rates fluctuate daily in a managed float regime, which is a global financial setting.
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the expected returns for acme company are shown below: economy probability return boom 0.10 20% above average 0.20 15% average 0.40 10% below average 0.20 5% recession 0.10 -10% calculate expected return and standard deviation for acme.
The expected return shows the typical rate of return that investors might anticipate receiving over a sufficient amount of time.
What is return probability?Expected return is simply a measure of probabilities intended to show the likelihood that a given investment will generate a positive return, and what the likely return will be. The purpose of calculating the expected return on an investment is to provide an investor with an idea of probable profit vs risk.
Data and Calculations:
Scenario Probability Expected Expected Variance Squared
Return Value Variance
A 0.2 +30% 0.06 0.045 0.002025
B 0.3 +15% 0.045 0.03 0.0009
C 0.1 -10% -0.01 -0.005 0.000025
D 0.4 -20% -0.08 -0.065 0.004225
The expected return is 1.5%.
= 1.5%
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on january 1, fashion magazine received $15,000 from subscribers for the annual subscriptions that it recorded in unearned revenue. the issues of the magazine are sent digitally to subscribers monthly. what amount of subscription revenue should the magazine recognize on january 31 when the first issue is sent?
Amount of subscription revenue should the magazine recognize on january 31 when the first issue sent is $1250.
What is unearned revenue?
In accrual accounting, money received for goods or services but not yet earned is referred to as delayed income, unearned revenue, or unearned income. It is recorded as a liability up until delivery is made, at which point it is transformed into revenue in accordance with the revenue recognition principle.
When an expense is incurred, the associated expense item is recognized, and the corresponding amount is subtracted from accrued expenses. Deferred income and accrued expense share many similarities. The difference is that a liability to be covered later is a good or service received from a counterpart, whereas cash is to be paid out in a later period. To clarify, accrued expense represents the money that a company owes to others, whereas deferred revenue represents the money that a company receives in advance and represents the goods and services that a company owes to its customers.
To figure out how much will be made each month:
$15,000/12months
=$1,250.
So $1,250 for January
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let's say that you are looking at a table with output and cost data for a firm and you observe the following: at a quantity of 12 units, the firm's marginal cost and marginal revenue both equal $.75. at a quantity of 30 units, the firm's marginal cost and marginal revenue also both equal $.75. at a quantity of 22 units, the firm's marginal cost reaches its lowest point at $.35. at a quantity of 28 units, the firm's average total cost reaches a minimum of $.50. if this firm wants to maximize its profits, which quantity should it produce?
Quantity of 12 units, the firm's marginal cost and marginal revenue both equal $.75. at a quantity of 30 units, the firm's marginal cost and marginal revenue also both quantity should it produce is 30.
The concept of quantity, also known as amount, can be expressed as a multitude or magnitude, which shows both discontinuity and continuity. quantity can be contrasted using the terms "more," "less," or "equal," or by putting a numerical value that is a multiple of the unit of measurement. Among the fundamental categories of things are quality, substance, change, and relation. In microeconomics, the term "marginal revenue" refers to the additional total revenue that results from increasing product sales by just one unit. The change in a company's total revenue is divided by the change in its total output quantity to determine the marginal revenue. The cost of a single extra item that was sold makes up marginal revenue.
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futbol corporation (located entirely within state a) has federal taxable income of $100,000. this includes a state tax deduction for state a of $10,000. futbol also earned tax-exempt interest (both federal and state a) of $1,000. depreciation calculated under federal rules was $20,000. depreciation calculated under state a rules was $15,000. calculate state a taxable income.
$100,000 plus $10,000 (state taxes really aren't recoverable for state purposes) plus $0 in interest on muni bonds plus $5,000 (federal depreciation is $5,000 higher than state A depreciation) equals $115,000.
What do you mean by interest?Your passions are the things that you find enjoyable to accomplish and the things that you enjoy learning about. When something is interesting, it keeps your interest and piques your curiosity: There wasn't much interesting conversation.
What are my main interests?What Is the Interest Area? Your resume should include a section called "area of interest" that discusses your interests and extracurricular activities, such as baseball, writing, traveling, and photography.
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the jimenez family purchased a new home. to fully furnish their new home, they took a loan from their credit union that charges 12% per year compounded monthly . the loan amount was $16,000. they wish to pay off this loan in 5 years. how much is their monthly payments?
To fully furnish their new home they took loan from their credit union then the monthly payment system is Present value of an annuity
Given a specific rate of return, or discount rate, the present value of an annuity is the current value of the future payments from an annuity. As the discount rate rises, the annuity's present value falls. increases. The formula for calculating an annuity's present value is: PV = Individual Annuity Payment Amount x P = PMT [1 - [(1 / 1+r)n] / r] where P is the annuity stream's present value. PMT stands for the sum of each payment. r equals the interest or discount rate.
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Juanita owns a candle business. She and her employees make candles from beeswax and soy wax in a variety of colors, scents, and sizes. Originally, Juanita set up her business structure as a sole proprietorship. As her business is growing, she is reviewing her business ownership structure to decide if there may be a more favorable structure as it relates to her taxes. What other business ownership models might she choose? What are their tax structures? Describe three other models and why they might be better options than Juanita’s current sole proprietorship.
She might choose other business ownership that is corporation.
The tax structures in the Corporation will be taxed at a lower 15% corporate rate than other business ownership like in partnership the tax will be more than 25%.
The three business models which are-
Sole proprietorship.Partnership.Corporation.The corporation might be better options than sole proprietorship because robust protection liability. The ability to sell stocks and bonds, which in turn makes it much easier to raise capital and attract employees. In the corporation business, in respect of indefinite lifespan that can continue even after owners die or leave the company.
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the following single-step income statement was prepared by the accountant of the axel corporation: axel corporation income statement for the year ended december 31, 2024 revenues and gains: sales revenue $ 592,000 interest revenue 32,000 gain on sale of investments 86,000 total revenues and gains 710,000 expenses and losses: cost of goods sold$ 325,000 selling expense67,000 administrative expense87,000 interest expense16,000 restructuring costs55,000 income tax expense40,000 total expenses and losses 590,000 net income $120,000 required: prepare a multiple-step income statement applying generally accepted accounting principles. the income tax rate is 25%.
A multiple-step income statement for 2024 is shown below.
Axel Corporation
Multiple-Step Income Statement
For the Year Ended December 31, 2024
The income statement is as follows:
Sales 592,000
Less: Cost of goods sold 325,000
Gross profit (A) 267,000
Operating expenses:
Selling expenses 67,000
Add: Administrative expenses 87,000
Add: Restructuring costs 55,000
Total operating expenses (B) 209,000
Income from operation (C = A - B) 58,000
Less: Interest expenses 16,000
Add: Interest & dividend 32,000
Add: Gain on sale of investment 86,000
Income before taxes (D) 160000
Less: Income tax (E = D * 25%) 40000
Net income (F) 120000
Earning per share (G) 1.20
No. of shares outstanding (H = F/G) 100000
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amounts withheld from employee's earnings for employee income tax is considered a by the employer until the government is paid. multiple choice question. current asset long-term liability current liability long-term asset
The employer views the sums deducted from an employee's pay for employee income tax as a current liability until the government is compensated.
A current liability is a debt that the business plans to settle immediately utilizing resources shown on its current balance sheet. Accounts payable, wages, taxes, and deferred income are examples of typical current obligations.
The amount of federal income tax deducted from an employee's paycheck is known as withholding.
All of the current and fixed assets make up capital. Capital might be in the form of gifts or cash. As a result, a company entity's capital is divided into fixed capital and working capital.
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accy307 exam2 question 34 debra has been allocating manufacturing overhead (moh) costs to her products using a single plant-wide rate of $15.00 per direct labor (dl) hour. a recent job required 348 dl hours, 41 production runs, 26 quality inspections, and 21 factory supervisor hours. based on the increased activity, the accountants are suggesting a transition to activity-based costing (abc) and have suggested the following rates: materials handling: $9.50 per direct labor hour production setup: $18.90 per production run quality inspections: $7.00 per inspection factory supervisor: $12.10 per supervisor hour assuming that debra makes the switch to abc, what are the total moh costs allocated to the most recent production run?
Predetermined overhead rate = Estimated total manufacturing overhead cost The estimated total amount of the allocation base
= $840,000 = 140% of direct labor cost
$600,000 direct labor cost
The manufacturing overhead cost applied to the Koopers job is computed as follows:
$9,500 × 140% = $13,300
Predeterminism is the philosophy that every one event of records, beyond, present, and future, had been already decided or is already recognized (by using God, fate, or some different force), which includes human moves. Predeterminism is intently associated with determinism.[1] The concept of predeterminism is frequently argued by invoking causal determinism, implying that there may be an unbroken chain of previous occurrences stretching back to infinity. In the case of predeterminism, this chain of occasions has been pre-hooked up, and human actions cannot interfere with the results of this pre-hooked-up chain. Predeterminism can be used to mean such pre-mounted causal determinism, wherein case it's far labeled as a selected type of determinism.
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maria is writing a report comparing the profits of three fashion design houses. what type of organizational method should she use?
Maria should use component organizational method for writing the report.
What is a report?Organizing information for a specific audience and purpose, a report is a written document. Complete reports are almost always presented in writing form, despite the fact that oral summaries of reports are occasionally given. Introduction, Methods, Results, and Discussion (IMRAD) is one of the most widely used formats for reporting. This structure, which is typical for the genre, emulates the manner in which scientific research is typically published and calls to mind the ethos and authority of that field. The problem-solution format, where the author first identifies a problem and then explains what must be done to address it, is an alternative format that reports may use instead of adhering to this pattern. To write a useful report, you must be transparent and quality-oriented.
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money functions as: group of answer choices all of these. a medium of exchange. a unit of account. a store of value. g
Money functions are all of these i.e. "a medium of exchange. a unit of account. a store of value".
Since it is used to make purchases and pay for the commodities and services that one needs, money serves as a medium of exchange. Money is used to quantify the relative value of the commodities and services offered in society, making it a useful unit of account.
Money serves three purposes: as a unit of account because it quantifies the value of goods and services; as a store of value because it suggests that accumulating money increases people's and organizations' wealth; and as a medium of exchange because it enables trade between buyers and sellers using a common currency that is recognized by both parties.
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you are saving for retirement. to live comfortably, you decide you will need to save $2 million by the time you are 55. today is your 20th birthday, and you decide, starting today and continuing on every birthday up to and including your 55th birthday, that you will put the same amount into a savings account. if the interest rate is 3.5%, how much must you set aside each year to ensure that you will have $2 million in the account on your 55th birthday? group of answer choices $28,982.31
To ensure that we will have $2 million in the account by our 55th birthday, we must set aside $28,568.33 each year.
What are payments from annuities?The idea of annuity payments can be used to build up the retirement fund's desired corpus. These periodic payments from an annuity can be made monthly, quarterly, or annually. The expected value for the future rises with frequency.
How to figure out the annual deposit:Formula;
Where: FV = C * [(1 + r) n - 1] / r * (1 + r) + C
FV is the future value, which is $2,000,000; C is the annual deposit; r is the interest rate, which is 0.035; n is the period, which is 35 years.
Add values to the formula now;
$2,000,000 is equal to C * [(1 + 0.035)35 - 1] / 0.035 * (1 + 0.035) + C $2,000,000 is equal to C * (1.03535 - 1) / 0.035 * 1.035 + C $2,000,000 is equal to C * (3.3335905 - 1) * 29.5714286 + C $2,000,000 is equal to C * 2.3335905 * 29.5714286 + C $2,000,000 is equal to C * 69.00760
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a strategy involves employing essentially the same strategic theme (low-cost, differentiation, focused, best-cost) in all country markets, while allowing some country-to-country customization to fit local market conditions. multiple choice question. multidomestic transnational localized global
The correct answer is option B. Transnational strategy involves employing essentially the same strategic theme in all country markets while allowing some country-to-country customization to fit local market conditions.
In its operations, a transnational strategy makes use of a high degree of local responsiveness and a high degree of global integration. It aims to standardize as much as it can while simultaneously localizing its offerings to each worldwide market. Offering specialized goods and services for regional markets while maintaining a high level of standardization to gain from economies of scale is the aim of multinational strategy.
Large corporations that have a variety of subsidiaries, branches, or offices across numerous international markets frequently employ transnational strategy. Determining what remains constant across all worldwide communications and processes and where local subsidiary adjustments in global marketplaces are changed or authorized presents a difficulty.
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In developing a marketing strategy, the most important thing for a retailer to consider is.
The primary factor a shop must take into account when creating a marketing strategy is the motivations of its target market's consumers.
A marketing strategy is a long-term plan for achieving a company's goals through comprehending customer needs and creating a distinct, sustainable competitive advantage. It covers everything, from deciding which channels to use to getting in touch with your customers to learn more about them.
A marketing strategy, in simple terms, explains the goals of your business, including who your ideal clientele is and how you intend to interact with them. It is your plan for the marketing initiatives you will do over the coming months and years to grow your business.
The five Ps of marketing is included in the "marketing mix," as it is often called. Using a framework that stresses the five essential components of successful marketing—people, place, pricing, promotion, and product—brands employ a marketing mix to market their products and services.
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Suppose the newsvendor model describes a firm’s operations decision. Is it possible to have positive stockout probability and positive expected leftover inventory? choose the best answer.
positive projected residual inventory and positive stockout probability Yes, they both represent expectations for a wide range of potential outcomes, none of which will be positive for both.
To determine the remaining inventory, deduct the value of the goods sold from the total stock. In either a perpetual inventory system or a periodic inventory system, the amount attributed to sales revenue represents the value of the products sold.
If your account shows a negative balance (overage), you have a credit balance, and you will receive a refund.
The projected profit maximization is the model's default goal in the newsvendor scenario. The likelihood of achieving a predetermined and fixed target profit level is another objective that has been researched in the literature. It is known as the "satisficing"—or "aspiration-level"—objective.
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labor inputs as measured by hours of work times labor productivity as measured by output per worker equals:
The number of workers employed or the number of hours worked during a given time period, such as a year, is used to measure labor input.
The majority of nations keep track of the number of workers and are able to determine labor productivity in terms of output per worker.
What is the measurement of labor productivity or productivity?
Real economic output per labor hour is the measure of labor productivity, which is also referred to as workforce productivity. The change in economic output per labor hour over a predetermined time period is used to measure growth in labor productivity.
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fred is a concert violinist who is scheduled to perform at carnegie hall for the first time. fred buys what he is told is a stradivarius violin from a well-known, reputable dealer in quality violins, and he pays the very expensive price for a stradivarius. carl is not an expert in verification of violins. he later learns the violin is an imitation, which should not have fooled the dealer. in this case:
He later learns the violin is an imitation, although it is such a good imitation that even the dealer thought it was authentic. For joint error, the buyer has the right to revoke the sale.
Who is a Buyer?A buyer is a person who chooses what things are stocked in the retail sector, and their main duty is managing all the merchandise that enters the store. Buyers typically collaborate closely with designers and the sales agents they have been assigned, and they go to trade events, wholesale showrooms, and imitation fashion shows to watch trends. They could work for big department stores, big chains, or little boutiques. In tiny independent shops, a buyer may be involved in both sales and promotion, but in larger fashion retailers, there may be multiple degrees of seniority, including trainee buyers, imitation buyers, senior buyers and buying managers, and buying directors. Stocking decisions can have a big impact on the fashion industry.Ensuring that the store is adequately stocked with a wide choice of designer clothing is one of the duties that buyers at department stores may have. However, if they work with a fashion company they can be in charge of imitation the entire product creation process as well as the subsequent product delivery.To learn more about buyer from the given link:
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If you are filing taxes for your 2021 income, the due date for filing would be.
"If you are filing taxes for your 2021 income, the due date for filing would be April 15 of the following year." You have to file them on or before 15th of April 2022.
In order to avoid paying interest and penalties, file your return early or prior to the stated due date on fourth month of the following year because it is also the date that the payment is due.
The so-called "Tax Day" in the United States typically occurs on April 15, the deadline for submitting individual tax returns to the Internal Revenue Service (IRS). The due date is postponed to the following business day if it falls on a weekend or holiday.
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Lindsay has decided that it is important to her lifestyle goals to have paid
sick days, vacation, and personal time. She wants to be able to obtain a
career in order to be more likely to get benefits from her employer which
would give her these things.
Most likely, Lindsay should consider doing the following to obtain a career
and benefits?
O Enter the workforce immediately after high school
O Go to a community college and obtain an associate's degree
O Go to a private or public university and obtain a bachelor's degree or
higher
O It doesn't matter her choice. All job options provide benefits such as
these.
Lindsay should consider doing the following to obtain a career and benefits is go to a community college and obtain an associate's degree.
What is a community college?One kind of academic setting is a community college. Depending on the country, the phrase may have a varied connotation: students who have completed high school can enroll in various community colleges "openly" (also known as senior secondary school or upper secondary school). The phrase often refers to an institution of higher learning that offers academic programs for college transfer as well as workforce education. Similar to universities, some schools still have athletic teams and dorms. Over time, TAFEs' and colleges' educational offerings have altered. The community's demand for computer instruction had been acknowledged by many colleges by the 1980s. Through IT classes, many of individuals have since improved their skills. By the 20th century's end, the vast majority of colleges had also changed their status to Registered Training Organizations.
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david purchases a 15-year bond which pays semiannual coupons at a discount. the amount for amortization of the discount in the 14th coupon payment is 578.58. the amount for amortization of the discount in the 28th coupon payment is 1145.55. what is the value of the discount?
The value of the discount is 33.98$ according to the given equation, on the semiannual coupons.
What does a discount imply for business purposes?A corporation will give a product or service at a reduced price as a sales discount. Learn the steps for adding discounts to invoices. A sales discount, sometimes referred to as a "discount," provides customers with a cheaper price on one or more of the products or services being offered by a firm.
What distinguishes a significant discount?The first step in the customer acquisition process is creating awareness and interest, and discounts are a tried-and-true method to do that. Discounts attract customers and frequently spread through word-of-mouth, which is a successful strategy for reaching new customers while minimizing customer acquisition costs.
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the most likely reason a firm would pay it sales representatives a commission rather than salary is that it wants to group of answer choices be able to deduct the cost of compensating the sales representatives from its taxable income give the sales representatives a stronger incentive to collaborate with each other and act as a team keep the pay system as simple as possible provide sales representatives with a strong incentive to generate more sales for the company previousnext
The most likely reason a firm would pay its sales representatives a commission rather than a salary is that it wants to be able to deduct the cost of compensating the sales representatives from its taxable income.
The number one advantage of revenue-plus-fee plans is they allow the reimbursement software to be tailored to the needs of a specific company.
At the quit of the layout procedure, the sales compensation plan needs to encompass such factors as base earnings ranges, a combination of base income and incentive earnings, incentive earnings only, and total cash reimbursement primarily based on accomplishing measurable business targets.
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if an activity whose normal duration is 13 days can be shortened to 11 days for an added cost of $1,500, what is the crash cost per period?
The crash cost per unit period = $750 per day of a normal duration .
Crash cost per :Crash cost is the cost associated with opting the briskly alternate to consummate the trouble. Note, this isn't the excess cost, but the full cost companies with the alternative approach. As such the formula results in a valuation that represents crash cost per time period
Simplifying the crash cost :The activity time is shortened to 11 days from 13 days with additional cost $1500
so the difference =13-11
= 2 days
crash cost per unit time(day)= 1500/2
= $750 per day
Additional cost :
Additional Cost means the additional capital expense and/ or the additional operating cost or additional taxes or all as the case may be, which the Contractor has or would be needed to pursue and which has arisen as a result of Change of confines of work.
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what is the amount of local tax withheld on this w-2? responses $2294 $2294 $2340 $2340 $256 $256 $4599
E. $256 is the amount of local tax withheld on this w-2
The Internal Revenue Service (IRS) uses the Form W-2 to report the salaries paid to staff and the taxes deducted from those payments in the United States. Employees' yearly income and also the amount of income tax deducted from their paychecks are listed on a W-2. If your employer withholds taxes from your paycheck and reports this information to the government, you are a W-2 employee.
Contact your company if you haven't obtained your W-2 by the beginning of February. They could be ready to provide you a digital copy to use until you get the printed copy in the mail.
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tesla is deciding when to release its new electric pickup, called cybertruck. if it is produced and released today, the cybertruck will be worth $39,900 with an expected sales figure of 80,000 vehicles this year. if its production and release date is delayed for one year, cybertruck will be worth 10% more, though the expected sales will drop to 75,000 vehicles due to the competition from ford's electric pickup, f-150 lightening, which has already started its production this year. if the interest rate is 6%, what is the difference in the revenue tesla will realize if it delays its release of cybertruck for one year or if it releases cybertruck now?
$ 99,750,000 is the difference in the revenue tesla will realize if it delays its release of cyber track for one year or if it releases cyber track now.
If the Cyber truck is launched today then the revenues would be $ 3,192,000,000.
And if the cyber truck is launched after a year then the revenues would be $ 3,291,750,000.
The difference in revenues would be $ 3,291,750,000 - $ 3,192,000,000 = $ 99,750,000.
Revenue is the total quantum of income generated by the trade of goods or services related to the company's primary operations. profit, also known as gross deals, is frequently appertained to as the" top line" because it sits at the top of the income statement. Income, or net income, is a company's total earnings or profit. Revenue refers to the total earnings a company generates through its core operations like deals of products or services, rents on a property, recreating payments, interest on borrowings, etc. profit computations come ahead removing any charges, similar as abatements and returns.
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which company has the higher receivables turnover ratio? company a company b average net accounts receivable $2,000 $5,000 average inventory $4,000 $20,000 net sales $40,000 $100,000 multiple choice question. both are the same company b is greater company a's is greater
Answer: Both Are the same
Answer:
both are the same
Explanation:
avril and john are ages 70 and 72, respectively, and file a joint return. they have an agi of $17,000 and received $1,000 in nontaxable social security benefits. how much can avril and john take as a credit for the elderly or the disabled?
$375 can avril and john take as a credit for the elderly or the disabled.
What is meant by social security ?
Social security protection is officially referred to as a fundamental human right in ILO agreements and UN treaties, despite the fact that it only benefits a small part of the world's population. Social security is frequently described as a system of contribution-based health, pension, and unemployment insurance, together with social benefits that are funded by taxes, in a society that is becoming more global.
Social security is the safety net that a society offers to people and families to ensure that they have access to health care and to provide them with financial stability in cases of old age, unemployment, disease, invalidity, work accidents, maternity, or the death of a primary earner.
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When responding to a message, what should a professional always do? choose 2 answers. question 3 options: end on a positive note. respond within 24 hours. throw the company under the bus only if they are guilty. answer the most important questions.
When responding to a message, a professional always does these: answer the most important questions, and end on a positive note. The most important questions always come first and have to be the first attention because that's the reason someone is messaging you. A positive note is to show that you are an attentive and positive professional.
Responding messagesResponding to messages as a professional is really important to maintain a good relationship with the clients. In detail, you can respond to a message with a salutation as the opening, followed by the body of the message and closed by conclusion in a positive note.
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now assume that, on average, a purchaser of your video game console buys 10 video games, and you earn $10 profit on each video game. what is the correct price for consoles?
The correct price of the console is $225 at which profit is maximized
Profit is defined as the difference between the level of revenue and the cost that is incurred for producing a commodity. When the level of revenue increases, the amount of profit earned by the firm also increases.
Part a:
Profit is determined by the difference between the level of cost and the revenue earned. Thus, to determine the profit for the video game, the profit-maximizing condition is given at the point where marginal revenue is equal to the marginal cost. Thus, the price at which the profit should be maximized is given as follows,
MR=MC
P-MC/P = 1/E
P-150/P = 1/3
P = 225
Therefore, it can be said that the company needs to charge a higher level price which is greater than $180. The reason being when the price of the console is $225, firms earn the maximum profit. If every console makes a profit of $100, it means that the total level of profit for the video games is given as follows,
Total Profit = $180−$150+$100
=$130
Thus, it means that the company makes a profit of $130. When the price of the video consoles is $150, the level of profit is $130. However, if the firm charges the price at which the profit is maximized then it would mean that the profit earned over a single unit of the console would be higher.
Part b:
If the firm earns a higher level of profit on every unit of console sold it means that the price of the console has also increased. However, if the price of the console is $225 then the firm would earn a higher level of profits. Thus, the correct price is $225, the price at which the profit is maximized.
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hollaway manufacturing is considering using stocks of an old raw material in a special project. the special project would require all 150 kilograms of the raw material that are in stock and that originally cost the company $1,636 in total. if the company were to buy new supplies of this raw material on the open market, it would cost $8 per kilogram. however, the company has no other use for this raw material and would sell it at the discounted price of $6.80 per kilogram if it were not used in the special project. the sale of the raw material would involve delivery to the purchaser at a total cost of $80 for all 150 kilograms. what is the relevant cost of the 150 kilograms of the raw material when deciding whether to proceed with the special project?
The correct answer or the relevant cost of the 150 kilograms of the raw material when deciding whether to proceed with the special project is $940.
It is given in the question that hollaway manufacturing is considering using stocks of an old raw material in a special project which requires all 150 kilograms of the raw material which are in stock and that originally cost the company $1,636 in total.
Raw material price at discount = $6.80
Opportunity cost of sales foregone if special project is undertaken $6.80×150 = $1020
Delivery cost for all 150kg = $80
Relevant cost of 150 kilograms of raw material when deciding whether to proceed with the special project = $1020 - $80 = $940
Hence, the relevant cost of the 150 kilograms of the raw material when deciding whether to proceed with the special project is $940.
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