When you turn 65 It is likely that Social Security will still exist but may undergo changes in its funding and structure. For 2021, you need to earn $1,470 to receive one credited quarter.
1) It's difficult to predict the exact future of Social Security when you turn 65. However,It is likely that Social Security will still exist but may undergo changes in its funding and structure. Possible adjustments include raising the retirement age, increasing payroll taxes, or modifying the benefit calculation. If Social Security were not available, alternative options could include private pension plans or increased reliance on personal savings and investments.
2) Social Security benefits are calculated using your Average Indexed Monthly Earnings (AIME), which is an average of your highest 35 years of earnings adjusted for inflation. The benefit amount is then determined by applying a formula that consists of three separate percentages of your AIME. To be eligible for a "credited quarter," you must earn a specific amount in a three-month period, which is adjusted annually. For 2021, you need to earn $1,470 to receive one credited quarter, and you can earn a maximum of four credited quarters per year.
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Frequent use of weak punishers is more effective than occasional use of intense punishers.
False or true
True. Frequent use of weak punishers is more effective than occasional use of intense punishers.
This is because weak punishers can be administered more consistently and without causing undue harm or distress to the person being punished. Consistent and predictable consequences are more effective in shaping behavior over the long term than occasional and unpredictable consequences. Additionally, using intense punishers infrequently can lead to a phenomenon called "learned helplessness," where the person being punished may feel that they have no control over the situation and stop trying to avoid the punishment altogether.
Hence, the statement is true.
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Refer to Figure 12-2. What happens if the firm produces more than Q4 units?
A. Its total revenue is increasing faster than its total cost.
B. Its profit increases.
C. It could make a profit or a loss depending on what happens to demand.
D. It makes a loss
If the firm produces more than Q4 units, it would make a loss. This is because, beyond Q4, the marginal cost exceeds the marginal revenue.
At this point, the firm would be producing at a level where the cost of production would be greater than the revenue generated. Therefore, the firm would be better off producing at a level of output that is between Q2 and Q4, where the marginal revenue equals the marginal cost. Producing at this level of output will maximize the firm's profit. In summary, when the firm produces more than the output level of Q4, it would experience diminishing marginal returns, which would increase the marginal cost and decrease the marginal revenue. This would result in a loss for the firm. Therefore, it is important for firms to find the optimal level of production that maximizes their profit.
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Since 1990, job and wage research has shown that as the price of computer technology plummets, a. more jobs have been created in the technology sector. b. fewer jobs have been created in the technology sector.
c. technology jobs have become less specialized. d. technology jobs have become more specialized.
more jobs have been created in the technology sector.Since 1990, job and wage research has indeed shown that as the price of computer technology plummets, more jobs have been created in the technology sector.
1. Increased adoption of technology: As the price of computer technology becomes more affordable, more businesses and industries are able to integrate technology into their operations. This leads to a higher demand for technology-related roles such as software development, data analysis, cybersecurity, and IT support.
2. Technological advancements: The decreasing cost of computer technology often corresponds with advancements in computing power, storage capacity, and connectivity. These advancements open up new possibilities for innovation and the development of new products, services, and industries. This, in turn, generates a need for specialized technology roles to support these advancements.
3. Automation and productivity gains: Affordable computer technology has facilitated automation and increased productivity in various sectors. While some routine and repetitive jobs may be displaced by technology, new roles emerge to manage and maintain the technology itself, as well as to leverage the data and insights generated by technological systems.
It is important to note that the impact of technology on job creation is not uniform across all sectors and regions. Some industries may experience a higher demand for technology-related jobs, while others may face challenges or require workforce reskilling to adapt to technological changes. However, overall, the decreasing price of computer technology has led to a net increase in jobs within the technology sector.
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the final stage of the b2b buying process is also known as performance assessment using metrics.
False.the final stage of the b2b buying process is also known as performance assessment using metrics.
The final stage of the B2B buying process is known as post-purchase evaluation, where the buyer evaluates the purchase decision and product performance to determine if it met their expectations and needs. This evaluation can lead to future purchase decisions and vendor selection. Performance assessment using metrics can be a part of this stage, but it is not the only aspect. Other factors such as customer support, product reliability, and overall satisfaction also come into play during this evaluation stage.
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first bank of south hill assets liabilities reserves $25,000 loans 125,000 deposits $150,000 refer to the t-account above. of the $25,000 that the first bank of south hill, only $23,000 of it is actually required reserves. the rest are excess reserves. therefore, the reserve requirement ratio must be group of answer choices 8.33% 1.33% 16.67% 15.33%
The reserve requirement ratio can be calculated by dividing the required reserves by the total deposits. In this case, the required reserves are $23,000 and the total deposits are $150,000. So, the reserve requirement ratio is 15.33%.
This means that the first bank of south hill is required to hold at least 15.33% of their total deposits as reserves at the Federal Reserve Bank. Any reserves held above this requirement are considered excess reserves and can be used for other purposes, such as making loans or investments. It is important for banks to maintain a certain level of reserves in order to ensure that they have enough funds to cover any withdrawals or other demands for cash from their customers. The reserve requirement ratio is set by the Federal Reserve and can be adjusted as needed to manage the money supply and promote economic stability.
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in the figure, suppose that the government imposes a tax of $4 per pizza. then, the______.
In the figure, if the government imposes a tax of $4 per pizza, then the supply curve will shift upward by the amount of the tax.
This means that the price paid by consumers will increase, while the price received by producers will decrease. As a result, the equilibrium quantity of pizzas sold will decrease, while the equilibrium price paid by consumers will increase.
In other words, the tax will lead to a reduction in the quantity of pizzas consumed and a higher price paid by consumers.
This is because the tax increases the cost of production, which means that producers will be less willing and able to supply pizzas at the previous quantity and price. As a result, consumers will face a higher price and may choose to buy fewer pizzas or substitute with other goods.
Overall, the tax will lead to a deadweight loss as some consumers who were willing to buy pizzas at the previous price may no longer do so, while some producers may exit the market due to lower profits.
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farmco could build and sell tractors in the united states, but the company decides to build and sell the tractors in south american countries. why would farmco do this?
Farmco may choose to build and sell tractors in South American countries due to lower production costs and potential market demand in the region, leading to increased profitability and market expansion opportunities.
Farmco may decide to build and sell tractors in South American countries for several reasons:
1. Market demand: Farmco might have identified a higher demand for tractors in South American countries compared to the United States. Factors such as the agricultural sector's growth, government policies, and market dynamics might make South American countries more attractive for tractor sales.
2. Competitive advantage: Farmco may have a competitive advantage in terms of production costs, technology, or product features that make it more profitable to manufacture and sell tractors in South American countries. This advantage could arise from factors such as lower labor costs, access to raw materials, or specific knowledge about the South American market.
3. Tariffs and trade barriers: South American countries might have lower import tariffs or fewer trade barriers compared to the United States, making it more cost-effective for Farmco to manufacture and sell tractors locally. By avoiding or minimizing trade restrictions, Farmco can achieve better pricing and market penetration in South American countries.
4. Economic and growth prospects: Farmco might see better economic prospects and growth potential in South American countries. These countries may be experiencing favorable macroeconomic conditions, increasing investment in agriculture, or government incentives for the manufacturing sector. By entering these markets, Farmco can tap into emerging opportunities and expand its business.
5. Diversification and risk management: By entering South American markets, Farmco can diversify its geographical presence and reduce dependence on a single market, such as the United States. This diversification strategy can help mitigate risks associated with market fluctuations, regulatory changes, or economic downturns in a particular region.
It's important to note that the decision to build and sell tractors in South American countries is contingent on several factors, including market research, feasibility studies, and business strategies specific to Farmco. The company's analysis of market potential, profitability, competitive landscape, and growth prospects will shape its decision to enter and operate in South American markets.
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what are some tests that can help detect fictitious refund schemes that involve the overstatement of inventories?
There are several tests that can help detect fictitious refund schemes that involve the overstatement of inventories. Some of these tests include:
Physical inventory count: This involves physically counting the inventory on hand to verify the amounts reported in the financial statements. This test can help detect any discrepancies between the physical inventory count and the amounts reported in the financial statements.
Comparative analysis: This involves comparing the inventory levels reported in the financial statements to industry norms or to the levels reported by similar companies. This test can help detect any unusual or abnormal inventory levels that may indicate an overstatement of inventory.
Proportional analysis: This involves comparing the changes in inventory levels reported in the financial statements to the changes in other related accounts, such as cost of goods sold or gross profit. This test can help detect any unusual or abnormal changes in inventory levels that may indicate an overstatement of inventory.
Segment analysis: This involves analyzing the inventory levels for different segments of the business to determine if there are any unusual or abnormal levels that may indicate an overstatement of inventory.
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— In a star schema, attributes are often used to search, filter, or classify . Answer. a. tables. b. sales. c. facts. d. dimensions ...
"d. dimensions". In a star schema, dimensions are used to provide descriptive information about the data. They are used to categorize, filter, and aggregate data.
Dimensions are often used to search for specific data points, to filter data to display only certain subsets of data, or to classify data into different categories. For example, in a sales database, dimensions might include products, customers, and time. The products dimension might include information about the product's name, description, and price, while the customers dimension might include information about the customer's name, address, and demographics. The time dimension might include information about the date and time of each sale. These dimensions can be used to search for specific products, filter sales by customer demographics, or classify sales by month or year. Overall, dimensions are a crucial part of a star schema and play a key role in making the data easily searchable and understandable.
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to create an effective appraisal system, it is important to let employees know in advance what criteria will be used in the appraisal. what is this principle called?
The principle that refers to informing employees in advance about the criteria that will be used in the appraisal is called "transparency." Transparency is an essential element of a successful appraisal system, as it allows employees to understand the expectations and goals of their performance evaluations.
By informing employees about the criteria and metrics that will be used to evaluate their work, employers can ensure that their performance appraisals are fair and objective.
In addition to promoting fairness and objectivity, transparency can also help to build trust and confidence between employees and their managers. When employees understand how they will be evaluated, they are more likely to feel that their work is valued and that their contributions are meaningful. This, in turn, can lead to increased job satisfaction and motivation.
Overall, the principle of transparency is critical to the success of any performance appraisal system. By informing employees in advance about the criteria that will be used to evaluate their work, employers can create a more fair, objective, and effective appraisal process that supports employee development and contributes to organizational success.
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Using the fully adjusted equity method, an intercompany gain on an upstream sale of land is:
-recognized by the parent and the deferral is shared between the controlling and noncontrolling stockholders of the subsidiary.
-recognized by the subsidiary and the deferral is shared between the controlling and noncontrolling stockholders of the subsidiary.
-deferred by the subsidiary until the land is sold to an entity outside the consolidated group.
-recognized by the subsidiary and the deferral is completely allocated to the controlling stockholders of the subsidiary.
Using the fully adjusted equity method, an intercompany gain on an upstream sale of land is deferred by the subsidiary until the land is sold to an entity outside the consolidated group.
Under the fully adjusted equity method, the parent company's investment in the subsidiary is adjusted to reflect its pro-rata share of the subsidiary's assets and liabilities. When there is an intercompany gain on an upstream sale of land, the subsidiary will recognize the gain on its books, but the parent company will not recognize the gain on its books since it has not yet realized the gain. Instead, the gain will be deferred and allocated to the controlling and noncontrolling stockholders of the subsidiary based on their ownership percentages.
This treatment is consistent with the concept of consolidated financial statements, which reflect the financial position and results of operations of a group of companies as if they were a single entity. The intercompany gain on the sale of land is eliminated upon consolidation, but the deferral of the gain is shared between the controlling and noncontrolling stockholders of the subsidiary in order to reflect their respective ownership interests.
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what is the equilibrium wage and the equilibrium quantity of solar panel installers for this small town? the equilibrium wage is $ per week and the equilibrium quantity of labor is workers. c. if the local solar panel installers form a union and negotiate a weekly wage of $1,200, how many workers will be supplied and demanded? the quantity demanded will be workers and the quantity supplied will be workers.
The equilibrium weekly pay the equilibrium solar panel amount is displayed below: The equilibrium graph related programs salary is met here, according to the graph, at 800, where the equilibrium quantity is 4.
The equilibrium pay is 800 and the equilibrium wage is 4, respectively, given the current situation. As long as quantity supplied and quantity demanded are equal, this is what is referred to as balance.
The graph below shows information on supply and demand for electricians. The equilibrium daily wage rate is $ 145, and there are 15 workers available in the new market.
30 workers will lose their jobs as a result of the new wage. A representation of the variation of one or more variables in relation to one or more other variables, such as a series of one or more points, lines, line segments, curves, or regions, or the collection of all locations whose coordinates meet a specific relationship (such as a function).
a) The equilibrium amount of labour is 25 workers, and the equilibrium wage is $ 145 per day.
b) There will be a demand for 15 employees and a supply of 45 employees.
b) The increased pay will increase unemployment of 30 workers.
Complete question:
what is the equilibrium wage and the equilibrium quantity of solar panel installers for this small town? the equilibrium wage is $ per week and the equilibrium quantity of labor is workers. c. if the local solar panel installers form a union and negotiate a weekly wage of $1,200, how many workers will be supplied and demanded? the quantity demanded will be workers and the quantity supplied will be workers?
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Which of the following types of intellectual property protection usually has a set term of 20 years?
Patents usually have a set term of 20 years. A patent is a form of intellectual property protection that gives inventors the exclusive right to make, use, and sell their invention for a certain period of time.
The term of a patent is usually 20 years from the date of filing, provided that maintenance fees are paid to keep the patent in force. After the patent term expires, the invention falls into the public domain, and anyone can use, make, and sell it without permission or payment of royalties to the original inventor.
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The complete question is : The holder of a utility patent may protect their rights for: 20 years from the date they apply for the patent.?
Which of the following factors does not influence a firm's times-interest-earned ratio?
a. A firm's tax rate b. Amount of debt in the firm's capital structure c. A firm's profitability d. Interest rate on the firm's debt
None of the factors mentioned can be excluded from influencing a firm's times-interest-earned ratio.
The times-interest-earned (TIE) ratio is a measure of a company's ability to meet its debt obligations. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense.
Since the TIE ratio is calculated using both earnings and interest expenses, all the factors mentioned can influence the ratio.
A firm's tax rate affects its EBIT, while the amount of debt in the firm's capital structure and the interest rate on the firm's debt affect its interest expense. Finally, a firm's profitability is directly related to its EBIT, which, in turn, affects the TIE ratio.
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true or false? the buyer’s journey is only used by your marketing team.
The statement " the buyer’s journey is only used by your marketing team" is False.
The buyer's journey is not only used by the marketing team. It is a framework that is used by various teams within a company, including sales, customer service, and product development, to understand the needs and behavior of the customer throughout their journey and to create a better overall customer experience.
It is also relevant to other teams, such as sales and customer success teams. Understanding the buyer's journey helps these teams align their strategies and create a cohesive experience for potential customers throughout the entire process, from awareness to consideration and, finally, to the decision stage.
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Which of the following is correct?
(a) Under IFRS, the statement of cash flows is optional.
(b) IFRS requires use of the direct approach in preparing the statement of cash flows.
(c) The majority of companies following GAAP and the majority following IFRS employ the indirect approach to the statement of cash flows.
(d) Cash and cash equivalents are reported as separate line items under IFRS.
Under IFRS, cash and cash equivalents are reported as separate line items on the balance sheet. This is because cash and cash equivalents have different characteristics and are used for different purposes.
Cash refers to physical currency and coins, as well as deposits held in bank accounts that can be readily accessed. Cash equivalents, on the other hand, are highly liquid investments that can be easily converted to cash, such as treasury bills, money market funds, and commercial paper. By reporting cash and cash equivalents separately, investors and stakeholders can have a better understanding of a company's liquidity position. They can also see how much cash is available for immediate use and how much is invested in short-term, highly liquid assets. This information can be crucial in making investment decisions and assessing a company's ability to meet its short-term financial obligations. Therefore, it is important for companies to accurately report their cash and cash equivalents under IFRS.
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suppose that an economy produces 1,400 units of output, employing 70 units of input, and the price of the input is $30 per unit. the level of productivity in this economy is
The level of productivity in this economy can be calculated by dividing the total output by the total input. In this case, the productivity level would be 20 units of output per unit of input (1400/70).
To calculate the cost of the input, we multiply the price per unit by the total units of input, resulting in a cost of $2,100 (70 x $30).
Knowing the productivity level and cost of input, we can analyze the efficiency of this economy. If the cost of input is too high relative to the level of productivity, then the economy may not be operating efficiently.
However, if the cost of input is relatively low compared to the level of productivity, then the economy may be operating efficiently or even experiencing growth.
Overall, it is important to monitor productivity and input costs to ensure efficient operation and potential growth for an economy.
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minor electric has received a special one-time order for 1,500 light fixtures (units) at $5.00 per unit. minor currently produces and sells 7,500 units at $6.00 each. this level represents 75% of its capacity. production costs for these units are $4.50 per unit, which includes $3.00 variable cost and $1.50 fixed cost. accepting the offer would require incremental fixed general and administrative costs of $1,000. management expects no other changes in costs as a result of the additional production. should the company accept the special order?
The business ought to take the special order since it Production order will generate an extra $4,000 in profit ($12,500 minus $7,500 minus $1,000) as a result.Separating the impact of the special order on each cost and sale of the company's operations will yield this additional profit figure.
If the job is accepted, the revenues should grow by $12,500 ($5 x 2500 units) and the variable costs should increase by $7,500 ($3 x 2500 units).
Finally, the fixed cost (the new machine) should rise by $1,000.We must first assess the profit the new offer delivers before deciding whether to take it or not. Profit, in general, is calculated as revenue minus cost.
If the new order is approved, the revenue will rise by $5 x 2500 ($12,000), so it is possible.
However, the price of the new offer and the current production will be the same, at $4.5, which is made up of a $1.5 fixed cost and a $3 variable cost.
In order to purchase the machine, the fixed cost will rise by $1,000, and the variable cost will rise by $3 x 2500, or $7,000 overall.
As a result, the total profit will rise from $12000 -$1000 - $7000, increasing by $4000. If we suppose that the corporation uses all 2500 units of their 25% capacity, then this is accurate.
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T/F statement, two companies with the same value chain activities will have the same business processes.truefalse
False. While two companies may have the same value chain activities, their business processes may differ based on their specific strategies, goals, and target markets.
Value chain activities refer to the set of activities that a company engages in to create value for its customers. This includes activities such as procurement, production, marketing, and distribution. However, the way in which a company performs these activities can vary based on their unique business processes. For example, two companies in the retail industry may have the same value chain activities, such as sourcing products from suppliers, storing them in a warehouse, and selling them in a brick-and-mortar store or online. However, one company may have a more streamlined process for sourcing and storing inventory, while the other may focus on a personalized in-store experience for customers. These differences in business processes can impact factors such as cost, efficiency, and customer satisfaction. Therefore, while value chain activities provide a framework for understanding a company's operations, the specific business processes that they employ can differ significantly.
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it is important to provide employees with training in the proper use of the eye protection devices.
Eye protection devices are essential for workers who are exposed to hazardous materials or environments. To ensure that employees use these devices effectively, it is crucial to provide them with proper training.
Training on the correct use of eye protection devices can help prevent eye injuries and protect workers' vision. Employees should be trained on how to properly fit, adjust, and maintain their eye protection devices. They should also be educated on the different types of eye protection devices available and when to use each one. Regular refresher training sessions should be conducted to ensure that employees stay informed and up-to-date on any changes or updates to eye protection devices or safety protocols.
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the disclaimer in spike t points out that caffeine should be used in moderation. this is likely
Answer:
Explanation:
due to the fact that consuming too much caffeine can have negative effects on the body, such as increased heart rate, high blood pressure, anxiety, and sleep disturbances. It is important for individuals to be aware of their caffeine intake and consume it in moderation to avoid these negative effects.
The disclaimer in Spike T is reminding consumers to use caffeine in moderation. This is likely because excessive consumption of caffeine can have negative side effects such as jitters, anxiety, and trouble sleeping. Therefore, it is important to consume caffeine in moderation to avoid these negative effects and ensure safe consumption.
The disclaimer in Spike T points out that caffeine should be used in moderation. This is likely because excessive consumption of caffeine can lead to negative side effects, such as increased heart rate, insomnia, and anxiety. By using caffeine in moderation, one can enjoy its benefits, such as increased focus and alertness, while minimizing potential risks.
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A Theory X leader would be more likely to exercise which of the following leadership styles?
permissive democratic
directive democratic
directive autocrat
free rein
permissive autocratic
A Theory X leader is more likely to exercise a directive autocratic leadership style.
A management theory known as Theory X contends that workers must be coerced, controlled or otherwise directed to accomplish organizational goals because they are inherently lazy and dislike their jobs. With a focus on achieving goals and objectives top down the leader uses strict control and direction over the workforce in this leadership style.
The leader establishes clear objectives and timetables, makes decisions without consulting subordinates and keeps a close eye on each employee's progress. The leader expects adherence to instructions and penalizes disobedience or subpar performance.
The other mentioned leadership philosophies, including permissive democracy, directive democracy, free rein and permissive autocracy.
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Which of the following refers to the claims that stockholders have against their firm's assets?
a.
Owners' equity
b.
Explicit costs
c.
Liabilities
d.
Loans payable
Liabilities are the claims that stockholders have against their firm's assets.
Liabilities include all debts and obligations owed by the firm to its creditors, suppliers, and other stakeholders. Stockholders are the owners of the firm and they have a residual claim on the firm's assets. This means that after all other claims have been satisfied, stockholders have a claim on the remaining assets of the firm. Owners' equity is the residual interest in the assets of the firm after deducting all liabilities. Explicit costs are the expenses incurred by the firm in the production of goods and services. Loans payable are a type of liability that represents the amount of money borrowed by the firm from creditors.
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how is a claim handled by a health insurer if it occurs during the policy's grace period?
If a claim occurs during the grace period, the health insurer will typically handle it differently based on the specific terms of the policy and the regulations of the state in which the policy is issued.
In health insurance, a grace period is a period of time after the premium due date during which the policyholder can still make a payment without the policy lapsing. During the grace period, the health insurance policy is technically still in effect, but the insurer may have the right to deny or delay payment of any claims that arise during this time. If the policyholder makes a payment to bring the policy current during the grace period, the insurer will typically process any claims that arise after the payment is received.
If the policyholder does not make a payment during the grace period, the insurer may have the right to retroactively cancel the policy back to the original due date of the missed premium. In this case, the insurer would typically deny any claims that occur during the grace period or after the policy is canceled.
However, it's important to note that the specific rules regarding grace periods and claims handling can vary by state and by insurer. Some states may have laws that require insurers to provide coverage during the grace period for certain types of services, while others may allow insurers to deny all claims that occur during this time. It's important for policyholders to carefully review their policy documents and understand the terms of their coverage, including any grace period provisions, to avoid any unexpected denials or delays in claims processing.
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The cost price approach for transfer pricing will likely fail when the operations area. Decentralized and are cost or profit centers.b. Decentralized and are either profit or investment centers.c. Centralized and are cost centers.d. Decentralized and are cost centers.
Cost price approach for transfer pricing may be appropriate for centralized and cost center operations, but may fail when operations are decentralized and are either profit or investment centers. Correct answer is option C
The cost price approach for transfer pricing will likely fail when the operations are decentralized and are either profit or investment centers. In a decentralized organization, different business units or divisions are responsible for their own profits and investments.
In this context, the cost price approach may not be appropriate because it does not take into account the value added by each business unit or division.
The cost price approach for transfer pricing involves setting the transfer price at the cost of production plus a reasonable markup. This method assumes that the cost of production accurately reflects the value of the goods or services being transferred between business units.
However, in a decentralized organization, different business units may have different cost structures and may add different levels of value to the products or services being transferred. The cost price approach does not account for these differences, which can lead to suboptimal decision-making and lower overall profitability.
In a decentralized organization, a more appropriate approach to transfer pricing may be one that takes into account the value added by each business unit or division. For example, the market price approach sets the transfer price at the price that the product or service would fetch in the open market.
This approach takes into account the value added by each business unit or division and can provide a more accurate reflection of the true value of the goods or services being transferred. Correct answer is option C
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which of the following is used to determine the fineness, or grade, of wool? A. Staple length. B. Micron diameter. C. Clean yield. D. Character and color.
The fineness, or grade, of wool is typically determined by its micron diameter. Hence, the correct answer is B.
Micron diameter refers to the thickness of the individual fibers that make up the wool. The finer the diameter, the softer and more luxurious the wool is considered to be. Wool with a diameter of 18.5 microns or less is typically classified as "ultrafine," while wool with a diameter of 19.6 to 22.9 microns is considered "fine." Coarser wools have a larger diameter and are generally less valuable.
While staple length, clean yield, and character and color are also important factors in determining the quality of wool, they are not used to determine the fineness, or grade, of the wool. Staple length refers to the length of the individual fibers, while clean yield refers to the percentage of usable wool that is obtained after the raw wool is washed and processed. Character and color refer to the overall appearance and characteristics of the wool, such as its texture, crimp, and coloration.
Therefore, the ideal selection is option B.
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what is jackjoe's (employer cost) total expense of payroll taxes futa/suta and fica for employing yanyu for the entire year? (hint, based on the payment of the annual salary) (5 points)
The Medicare tax rate of 1.45% applies to all of YanYu's annual salary of $12,000.
How to solveGiven data:-
(a) YanYu's Paycheck Stub:
Salary: $12,000
Federal Income Tax Withheld: $1,680 (12,000 * 14%)
Social Security Tax Withheld: $744 (12,000 * 6.2%)
Medicare Tax Withheld: $174 (12,000 * 1.45%)
Total Deductions: $2,598
Net Pay: $9,402
(b) Journal Entries:
To record YanYu's gross pay:
Salary Expense: $12,000
Cash: $12,000
Explanation:
To record YanYu's payroll taxes:
Payroll Taxes Expense: $918 ($744 + $174)
Social Security Taxes Payable: $744
Medicare Taxes Payable: $174
(c) Employer Cost of Payroll Taxes:
Federal Unemployment Tax (FUTA):
The maximum amount of taxable earnings for FUTA is $7,000 per employee per year. As YanYu's annual salary is $12,000, FUTA will apply only to the first $7,000.
Explanation:
Therefore, the FUTA expense for the year would be $420 (6% of $7,000).
State Unemployment Tax (SUTA):
The maximum taxable earnings for SUTA varies by state. As the problem does not specify the state in which YanYu works, we cannot calculate the SUTA expense.
Social Security Tax (FICA):
As YanYu's annual salary of $12,000 is less than the $170,000 annual base for Social Security taxes, her employer's Social Security tax expense for the year would be $744 (6.2% of $12,000).
Medicare Tax (FICA):
The Medicare tax rate of 1.45% applies to all of YanYu's annual salary of $12,000. Therefore, her employer's Medicare tax expense for the year would be $174 (1.45% of $12,000).
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The Complete Question
Payroll YanYu Zheng is employed by JackJoe, Inc.. During the month of January, YanYu earned her monthly salary of $X(12∗$X for the annual salary). YanYu is single, and had Y% of her pay for the month withheld for federal income taxes. YanYu works in a state without an income tax. YanYu's pay is subject to Social Security taxes at a 6.2% rate and Medicare at a 1.45% rate. The annual base for social security taxes is $170.000. JackJoe's payroll is subject to federal and state unemployment taxes at a combined rate of 6% on each employee's gross pay, up to $6,000 per year. Complete YanYu's paycheck and the remittance advice (i.e., "paycheck (a) stub') ′ ). (5 points) (b) Prepare journal entries for YanYu's pay and the related payroll expenses. (b) (2 joumal entries) (10 points) What is JackJoe's (employer cost) total expense of payroll taxes (c) FUTA/SUTA and FICA for employing YanYu for the entire year? (hint, based on the payment of the annual salary) ( 5 points) l X=12,000 Y=14%
q1) Compare and contrast the benefits of intrinsic rewards, such as recognition, and extrinsic rewards, such as pay, as forms of motivation.
q2) Describe how one of the sciences that contributes to organizational behavior could be used in Evidence-based management (EBM). Define the science, some of the science's contributions to OB, and describe a workplace example of how it could be used in EBM.
(1) Intrinsic rewards, such as recognition, and extrinsic rewards, such as pay, are both important forms of motivation.
(2) One of the sciences that contributes to organizational behavior is psychology.
The benefits of intrinsic rewards include increased job satisfaction, improved self-esteem, and enhanced intrinsic motivation.
In contrast, extrinsic rewards provide tangible benefits, such as increased financial security and material well-being. Intrinsic rewards foster internal motivation and personal growth, whereas extrinsic rewards can be more effective for short-term motivation and goal attainment.
However, it's essential to balance both types of rewards to maximize employee motivation and overall performance.
One of the sciences that contributes to organizational behavior is psychology. Psychology focuses on understanding human behavior, emotions, and cognition, making significant contributions to OB, such as understanding individual differences, motivation, group dynamics, and decision-making processes.
A workplace example of using psychology in Evidence-Based Management (EBM) could be implementing a feedback system based on psychological principles.
This might involve creating a positive and open environment for employees to share and receive constructive feedback, promoting continuous learning and growth.
By utilizing psychological insights in EBM, organizations can make more informed decisions and foster a more productive work environment.
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A journal entry may contain debits to more than one account and credits to more than one account, but when completed the entry must have equal amounts of debits and credits.a. Trueb. False
The statement is true. A journal entry in accounting records the transactions of a business by debiting one or more accounts and crediting one or more accounts. However, the total amount of debits must equal the total amount of credits.
This is because every transaction affects at least two accounts, and the overall balance of all accounts must remain unchanged. For example, if a business purchases inventory for $1,000 on credit, the journal entry would debit the inventory account for $1,000 and credit the accounts payable account for $1,000. This ensures that the total assets and liabilities of the business remain in balance. Therefore, it is important to ensure that all journal entries have equal debits and credits to maintain the accuracy of financial records.
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avery's total fixed cost at the bakery is $3,600 per month. avery employs 20 workers, paying each $8 per hour. the marginal product of the 20th worker is 12 iced brownies per hour. what is the marginal cost of the last brownie produced by the last worker avery hires?
The marginal cost of the last brownie produced by the last worker Avery hires is $0.67. .
To find the marginal cost of the last brownie produced by the last worker hired, we need to calculate the additional cost incurred by hiring the 20th worker and the additional output produced by that worker.
First, we need to calculate the variable cost, which is the cost of labor. Each worker is paid $8 per hour, so the total variable cost for 20 workers is:20 workers x $8 per hour = $160 per hour
Since we know the marginal product of the 20th worker is 12 iced brownies per hour, we can calculate the additional output produced by that worker:
12 brownies per hour - 0 brownies per hour = 12 brownies per hour
To find the marginal cost of the last brownie produced by the last worker, we divide the additional variable cost incurred by the additional output produced:
($8 per hour / 12 brownies per hour) = $0.67 per brownie
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