What is purchasing power parity used for?.

Answers

Answer 1

Economists can compare economic productivity and living standards across nations thanks to purchasing power parity (PPP).

What is purchasing power used for?

The worth of a currency is determined by how many goods or services one unit of that currency can be used to purchase. Inflation may cause it to deteriorate over time. This is due to the fact that you may acquire fewer items or services as a result of increased pricing.

PPPs are merely price relations that display the comparison between the national currency pricing of the same commodity or service in several nations. PPPs are calculated for product categories as well as for all aggregate levels up to and including GDP.

PPP can be used to estimate how much more or less expensive living abroad might be.

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Related Questions

most demand curves are relatively elastic in the upper-left portion because the original price group of answer choices and quantity from which the percentage changes in price and quantity are calculated are both large. and quantity from which the percentage changes in price and quantity are calculated are both small. from which the percentage price change is calculated is large and the original quantity from which the percentage change in quantity is calculated is small. from which the percentage price change is calculated is small and the original quantity from which the percentage change in quantity is calculated is large.

Answers

Most demand curves are relatively elastic in the upper-left portion because the original price from which the percentage change in quantity is calculated is large.

Most demand curves means that it will be more change in the quantity demanded of a good and service than in the price of that good and service.

Perfectly inelastic demand means that regardless of price, the quantity demanded of a good and services remains constant.

The demanded curve that represents in the most elastic is horizontal from which the percentage changes in price and quantity.

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since the 2010 average income for grandparent-headed households in which no parent of the grandchildren is present was above the u.s. poverty level, most grandparent caregivers have more than enough to take on the care of their grandchildren.

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Since the 2010 average income for grandparent-headed households in which no parent of the grandchildren is present was above the u.s. poverty level, most grandparent caregivers have more than enough to take on the care of their grandchildren. The statement is false.

What is Poverty?

The condition of being poor is having few tangible possessions or little money. The issue is a lack of funds to cover necessities like food, clothing, and housing.

The majority of grandparent caregivers do not have enough money to take care of their grandkids since the average income for grandparent-headed families in 2010, in which no parent of the grandchildren is present, was below the U.S. poverty level.

Therefore, the statement is False.

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The complete question is Probabaly

Since the 2010 average income for grandparent-headed households in which no parent of the grandchildren is present was above the U.S. poverty level, most grandparent caregivers have more than enough to take on the care of their grandchildren.

true

false

ovely Skin is establishing a pricing strategy for a new moisturizer. The total cost to produce each unit is $3.50. The company has decided to add a $1.50 markup, so the unit price to distributors will be $5. Lovely Skin is using a approach to price the new moisturizer. Select one: a.good-value b. break-even c. value-added d. competitor-based e, cost-plus

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As per the price strategy, Lovely Skin is using a cost-plus approach to price the new moisturizer.

Price strategy:

Price strategy refers considering your costs and pricing your product appropriately, so that you are able to make money off of your sales.

Given,

Lovely Skin is establishing a pricing strategy for a new moisturizer. The total cost to produce each unit is $3.50. The company has decided to add a $1.50 markup, so the unit price to distributors will be $5. Lovely Skin is using a approach to price the new moisturizer.

Here we need to find the type of price strategy is used.

In the given situation only the price of the moisturizer is changed. But he others are remains the same.

So, this is the type of cost plus strategy.

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hamilton company uses a periodic inventory system. at the end of the annual accounting period, december 31 of the current year, the accounting records provided the following information for product 1: units unit cost inventory, december 31, prior year 2,000 $ 5 for the current year: purchase, march 21 6,000 4 purchase, august 1 4,000 2 inventory, december 31, current year 3,000 required: compute ending inventory and cost of goods sold under fifo, lifo, and average cost inventory costing methods.

Answers

Ending inventory under FIFO=$6,000 and cost of goods sold under FIFO is $36,000

What is FIFO?The term "first in, first out" (FIFO) refers to an approach to data structure manipulation where the oldest entry, or "head" of the queue, is handled first.

                                                Unit             Unit cost               Total cost

Beginning Inventory             2,000            $5                         $10,000

Purchase March 21               6,000            $4                         $24,000

Purchase August 1                4,000            $2                          $8,000

Total                                      12,000                                         $42,000

Ending Inventory                  3,000

Goods sold during the year:

Opening stock + purchases - closing stock

2,000 + 6,000 + 4,000 - 3,000

12,000 - 3,000 = 9,000 units

Goods sold during the year = 9,000 units

FIFO,

Here, the earlier goods are sold first.  This means the ending inventory will be form the last purchases which cost $2.

Ending inventory= Inventory, Dec 31× unit cost

=3000×$2

Therefore, Ending inventory under FIFO=$6,000

Cost of good sold: Under FIFP

=[2,000×5 + 6,000×$4 + 1,000×$5]

=[$10,000+ $24,000 + $2,000]

=$36,000

Hence, cost of goods sold under FIFO is $36,000.

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f $2500 is invested at an interest rate of 5.5% per year, compounded continuously, find the value of the investment after the given number of years. (round your answers to the nearest cent.) (a) 2 years $ (b) 4 years $ (c) 12 years $

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The future value of an investment of $2500 in 2 years is $5,282.67

The future value of an investment of $2500 in 4 years is $10,565.35

The future value of an investment of $2500 in 12 years is $31,696.38

What is the future value of the investment?

When an amount earns interest that is compounded continuously, it means that both the amount that was invested and the interest that has already being earned increases in value infinitely over a period of time.

The formula for calculating future value when there is continuous compounding is : A x e^r x N

Where:

A= amount e = 2.7182818 N = number of years r = interest rate

Future value of $2500 in 2 years : 2500 x e^0.055 x 2 = $5,282.67

Future value of $2500 in 4 years : 2500 x e^0.055 x 4 = $10,565.35

Future value of $2500 in 12 years : 2500 x e^0.055 x 12 = $31,696.38

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manuel is heading out to lunch. he goes to the bank and withdraws $30 from his savings account. he heads to a local deli that sells half sub sandwiches for $4.99 and whole subs for $7.99. manuel decides that he's pretty hungry and goes for the whole. he pays with a $10 bill and tells the cashier to keep the change.

Answers

Manuel can easily determine that the whole sandwich, while twice as long as the half, is priced at less than twice as much. - Unit of Account

Manuel accumulates money in his savings account for future purchases. - Store of Value

Manuel buys his lunch with a $10 bill. - Medium of Exchange.

What is Medium of Exchange?

Any object that is generally accepted as payment for goods and services is referred to as a medium of exchange in economics. The most widely utilized form of exchange in modern economies is money.

Because most people in the economy view money as valuable, it facilitates trade. Because it is a commonly used token that may be used to exchange for any good or service, money is referred to as a medium of exchange. Gold replaced the barter system as the primary form of exchange in the past.

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Which vitamin is important in preventing neural tube defects in the embryo and is needed in greater amounts during pregnancy?.

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More than 70% of some birth abnormalities of the brain and spinal cord can be prevented with folic acid. Neural tube defects are the term for several birth abnormalities (NTDs).

What vitamin guards against birth abnormalities of the neural tube?

A B vitamin is folic acid. Folic acid can help prevent neural tube abnormalities if a woman has enough of it in her body before and throughout the first trimester of pregnancy. Every day, women need 400 micrograms (mcg) of folic acid.

Can the vitamin C stop neural tube defects?

Retinoic acid, inositol, and the DNA inhibitors hydroxyurea, mitomycin C, 5-fluorouracil, and cytosine arabinoside are used to prevent the disease. Neural tube abnormalities were never completely prevented in every embryo. Riboflavin, vitamin C, and vitamin D2 all appeared to have a potential preventive effect.

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auditors generally . multiple choice question. make test counts of inventory observe but do not actually do any inventory counting count the entire inventory

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Auditors generally, make test counts of inventory.

Usually, test counts of the inventory are conducted by the auditors. An independent auditor's routine assessment of financial statements has the goal of expressing a judgement on whether or not the financial condition, operational outcomes, and cash flows are truthfully portrayed in accordance with generally accepted accounting standards in all significant respects.

The auditor presents his opinion in his report or, if necessary, disavows it, depending on the situation. He clarifies if his audit was conducted in line with PCAOB requirements in either situation.

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suppose that the chicken industry is in long-run equilibrium at a price of $5 per pound of chicken and a quantity of 350 million pounds per year. suppose the surgeon general issues a report saying that eating chicken is bad for your health.

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The report from the Surgeon General lowers consumer demand for chicken. The short-run supply curve shifts as a result of the change in demand. Each company produces less chicken than before, resulting in a fall in chicken prices. Prices falling would result in businesses losing money.

What is long-run equilibrium?

An economy is in a boom if its real GDP at the moment is higher than its output at full employment. We say the economy is in long-run equilibrium if the current output is equivalent to the output at full employment.

The marginal cost must be equal to the price and the long run average cost for a firm to reach long run equilibrium. Consequently, LMC = LAC = P The company modifies the size of its plant to generate a production level where the LAC is at a minimum.

Thus, The report from the Surgeon General lowers consumer demand.

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What are the 2 purposes of a checking account?.

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A checking account assists you in managing your daily money by allowing you to make payments, receive direct deposits of your paycheck, and get cash from an ATM.

There were many different types of bank accounts, however they can be divided into two categories: personal as well as business.

A checking account allows you to pay bills, move funds to savings, withdraw cash from ATMs, and are using your debit card to make purchases. Ones checking account would be an important aspect of your personal financial management. That is why it is critical to pick a checking account having beneficial features as well as no fees which deplete their balance.

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internal development may be time consuming and, therefore, firms may forfeit the benefits of speed that growth through___and___can provide.

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Internal development may be time-consuming and, therefore, firms may forfeit the benefits of speed that growth through mergers and acquisitions can provide.

Development is a system that ensures suitable first-rate lifestyles for all humans in terms of happiness, harmony, and pride in critical needs. it's miles related to improvement, progress, and aspirations of people. This definition of improvement might advantage all the sections of society because it shows the basic want technique. All improvement calls for approval, but as one-of-a-kind tendencies have distinctive degrees of impact, tendencies are grouped into 3 kinds.

The three kinds of trends are Complying; • advantage; and • Non-Complying. every one-of-a-kind type of development has an exceptional evaluation method. A method of increase, new data, or an occasion is defined as an improvement. The transformation of a caterpillar into a butterfly is a superb instance of development.

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Some bonds issued by the u. S. Treasury are inflation protected, meaning that what the bond pays at maturity and the regular interest payments are adjusted for changes in the cpi. You can think of the interest rate on an inflation-protected bond as a real interest rate, while the interest rate on a bond that is not inflation-protected is a nominal rate. If investors expect inflation, which type of bond should have a higher interest rate?.

Answers

Since the interest rate on an inflation-protected bond should be seen as a real interest rate while the interest rate on a bond that is not inflation-protected should be seen as nominal rate. If investors expect an inflation, the type of bond that should have a higher interest rate is the real interest rate.

What does real interest rate mean?

This refers to an interest rate that has been adjusted to remove the effects of inflation. And when adjusted, it reflects the real cost of funds to a borrower and the real yield to a lender or to an investor.

What does nominal interest rate mean?

This refers to rate being is advertised by banks, debt issuers, and investment firms for loans and various investments.

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which of the following nets the largest productivity improvement? decrease input 15% increase both output and input by 5% increase output 15% increase output 10%, decrease input 3% decrease input 10%, increase output 3%

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The largest productivity improvement increase output 10%, decrease input 3%

What is productivity?
Productivity refers to the efficiency with which goods or services have been produced. The output per unit of input is a common way to express productivity measurements. This is typically done over a predetermined period of time and can be expressed as just a ratio of the entire output to a single input, the total input utilized in a process of production, or even the output per unit of input. The (aggregate) way of measuring of labour productivity, using GDP per worker as an example, is the most common illustration. The decision between them is based on the objective of the measuring performance or the data's accessibility. There are numerous ways to define productivity. How inputs and results are combined to create a ratio-type productivity measure is frequently either directly or indirectly related to the main source of variability among productivity measures.

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TRUE/FALSE if someone scores high on agreeableness they are almost guaranteed to also score high on extraversion.

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It is false that if someone scores high on agreeableness they are almost guaranteed to also score high on extraversion.

What is extraversion?

Extraversion can be described as the measurement that canm be used to know how energetic as well as sociable and friendly a person  can be.

It should be noted that the Extraverts  can be seen as the one that help to understood  a persondrawing energy which can be seen as been  around others while they direct their energies towards people and the outside world.

In conclusion, the agreeableness  can be decribed as one that focus on the  kindness as well as openness which is creativity as well as  intrigue, and conscientiousness, hence It is false that if someone scores high on agreeableness their guaranteed to also score high on extraversion is high.

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It is false that if someone scores high on agreeableness they are almost guaranteed to also score high on extraversion.

What is extraversion?

Extraversion is a trait that may be measured to determine a person's level of energy, sociability, and friendliness.

It is important to keep in mind that extraverts are the ones who can be regarded as helping to understand a person by pulling energy that can be seen as being around others while they aim their energies towards individuals and the outside world.

It is false to assume that if someone scores highly on agreeableness, they will also score highly on extraversion. Instead, it is more accurate to say that agreeableness focuses on kindness, openness, creativity, intrigue, and conscientiousness.

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doreen is a french citizen who has been working for a u.s. company in spain for twenty years. doreen may be considered to be a

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Doreen may be considered to be a professional expatriate. Thus, option D is correct.

 

Who is a citizen?

A person who legitimately resides in a nation and is accorded the rights and protections of that nation.

Doreen seems to be a French national who already has spent twenty years in the industry in Spain for a U.S. business. A professional expatriate is an individual who lives away from their nation of origin.

The employee accepts a role even outside their home nation, either on their own initiative or as part of an employment assignment planned by their employers, which might be a business, university, or government agency.

Therefore, option D is the correct option.

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The question is incomplete, the complete question will be:

A) virtual expatriate.

B) native salesperson.

C) third-country national.

D) professional expatriate.

E) local national.

What is one way governments try to encourage growth?.

Answers

Governments use spending and taxing powers to promote stable and sustainable growth.

What is encourage growth?

To make more effective or to increase the value of something. improve.

Vaccinations, exclusive breastfeeding, and prompt medical attention when ill are all factors in a child's healthy growth and development. For young children to explore and learn, it's crucial to have access to clean air, water, and sanitary facilities, as well as safe spaces for play and recreation.

Variations in the GDP and other macroeconomics indices can be used to detect a business cycle. The business cycle has four distinct phases: expansion, peak, contraction, and trough.

The peak, the recession, the trough, and the expansion are the four stages of the business cycle. The lengths of business cycles vary.

The term "classical cycle" describes ups and downs in overall productivity. The production growth rate's variations are what the growth cycle is concerned with.

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Fragmentation along the value chain, extensive subcontracting, and lack of information-sharing are some of the least ______ supply chain risks

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Fragmentation along the value chain, extensive subcontracting, and lack of information-sharing are some of the least _effectively managed_ supply chain risks.

supply chain is referred as a network of individuals and companies who are involved in producing a product and delivering it to the consumer. Links on the chain begin with the producers of the raw materials and finishes when the van delivers the finished product to the end user.

Here, fragmentation along with the value chain, extensive subcontracting, and lack of information-sharing are some of the least effectively managed supply chain risks because supply risks are caused by any interruptions to the flow of product, whether raw material or parts, within your supply chain. environmental risks from outside the supply chain and are usually related to economic, social, governmental, and climate factors, including the threat of terrorism.

Therefore, the answer is effectively managed.

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baird publications established the following standard price and costs for a hardcover picture book that the company produces. standard price and variable costs sales price $ 36.70 materials cost 8.20 labor cost 4.30 overhead cost 6.20 selling, general, and administrative costs 6.80 planned fixed costs manufacturing overhead $ 135,000 selling, general, and administrative 50,000 assume that baird actually produced and sold 26,000 books. the actual sales price and costs incurred follow: actual price and variable costs sales price $ 35.70 materials cost 8.40 labor cost 4.20 overhead cost 6.25 selling, general, and administrative costs 6.60 actual fixed costs manufacturing overhead $ 120,000 selling, general, and administrative 56,000

Answers

Baird publications established the standard price and costs for a hardcover picture book that the company produces.

Thus, the correct option is D.

What is a standard price?

The price for a finished or semi-finished product that is determined based on a product calculation is the standard price. It is a set price that is applied to the items and does not account for the movement of the goods or the recording (booking) of the invoice.

The average or anticipated cost of producing a product under typical conditions is known as the standard cost. In other words, it represents the regular costs incurred by a business to manufacture things or provide services.

The standard cost can be modified over time to take into account differences between expected and actual manufacturing costs. A fixed selling price established in advance for each item sold over a certain time frame.

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which of the following statements is/are true about cost-volume-profit (cvp) analysis? (select all that apply). a. CVP analysis can be applied to a department within a company and
b. CVP analysis can be applied to a particular product line of a company.

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CVP analysis can be applied to a department within a company and to a particular product line of a company.

What is CVP analysis ?Finding out how changes in variable and fixed expenses impact a company's profit can be done using a cost-volume-profit (CVP) analysis.Companies can utilize CVP to determine the number of units they must sell to achieve break-even (cover all costs) or a specific minimum profit margin.The sales price, fixed expenses, and variable costs per unit are just a few of the numerous presumptions made by CVP analysis. The CVP analysis demonstrates the behaviour of revenues, costs, and profits as volume changes. Managers can perform sensitivity analysis by looking at how different prices or cost levels affect profit using CVP analysis. CVP analysis is applicable to businesses with one product or many products.Thus, both Options a and b are correct .

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assume that the asset can sell for book value at the end of the project. calculate the npv of the project

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The net present value (NPV) of an investment at time t = 0 (today) equals the sum of the discounted cash flow (C) from time t = 1 to time t = n plus the investment's discounted residual value (R) at time n minus the investment sum (I) at the start of the investment period (t = 0).

What is an NPV example?

It is the compound annual return that an investor expects (or receives) over the life of an investment. For example, if a security has a net present value (NPV) of $50,000 and an investor pays exactly $50,000 for it, the investor's NPV is $0.

The concept behind NPV would be to project all of the future cash inflows and outflows associated with an investment, discount all of those future cash flows to the present day, and then add them up.

Therefore, The net present value (NPV) of an investment opportunity is a financial metric that attempts to capture its total value.

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Eva is a customer service representative. while attending to a customer, she avoids , thus exhibiting a positive employee trait.

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While attending to a customer, she avoids Pinpointing others for any fault in a product or service, exhibiting a positive employee trait.

An example of an employee is a sales partner at a retail save. because the employee must complete tasks in an exact manner, which includes carrying a call badge and greeting the client with specific phraseology, the employee is considered a worker.

A worker is someone who receives paid to work for a person or company. workers don't want to work complete time to be taken into consideration employees—they truly need to be paid to work by means of a business enterprise (the man or woman or enterprise that will pay them).

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in which of these roles, managers are constantly scanning the environment for information, talking with liaison contacts and subordinates, and receiving unsolicited information, much of it because of their network of personal contacts?

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The role of a manager, as a monitoring officer entails constantly scanning the environment for information, talking with liaison contacts and subordinates and receiving unsolicited information because of their network of personal contacts

Who is a Manager?

In management, a manager is an officer who is responsible for a part of a company, such as ‘managing‘ the company. A managers may be in charge of a department and the people who work in it and in some cases, they are in charge of the whole business. For example, a ‘restaurant manager’ is in charge of the whole restaurant.

In essence, a manager is the officer who exercises managerial functions primarily and they have the power to hire, fire, discipline, do performance appraisals, and monitor attendance. They also have the power to approve overtime, and authorize vacations

In conclusion, another manager’s duties also include managing employees or a section of the company on a day-to-day basis.

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Bmx company has one employee. Fica social security taxes are 6. 2% of the first $137,700 paid to its employee, and fica medicare taxes are 1. 45% of gross pay. For bmx, its futa taxes are 0. 6% and suta taxes are 5. 4% of the first $7,000 paid to its employee. Gross pay through august 31 gross pay for september a. $ 5,500 $ 2,300 b. 3,000 3,100 c. 132,400 9,000.

Answers

BMX Company with 1 employe has to pay 4 taxes for the employee for each of the following scenario:

Scenario A: FICA-SS = $142.60, FICA-Medicare = $33.35, FUTA = $9.00, SUTA = $81.00Scenario B: FICA-SS = $192.20, FICA-Medicare = $44.95, FUTA = $24.80, SITA = $89.90Scenario C: FICA-SS = $328.60, FICA-Medicare = $130.50, FUTA = $0, SUTA = $0.

FICA or the Federal Insurance Contribution Act, are taxes that should be paid from paychecks and used to fund the social security and medicare programs. FUTA stands for the Federal Unemployment Annual Tax and SUTA is the States Unemployment Annual Tax.

From the case, we know that:

FICA-Social security (FICA-SS) = 6.2%

FICA-SS Limit = $137,700

FICA-Medicare =  1.45% gross pay

FUTA = 0.6%

SUTA = 5.4%

FUTA limit = SUTA limit = $7,000

We have 3 following scenarios:

Scenario   Gross pay            Gross pay                Gross pay  

            through August     for September     through September

   A            $5,500                  $2,300                      $7,800

   B            $3,000                  $3,100                       $6,100

   C            $132,400              $9,000                      $141,400

Scenario A

In scenario A, we know that the gross pay through September is below the FICA-SS limit. Hence, the gross pay for September will be subject to FICA-SS tax.

Gross pay through September is above the FUTA limit, however gross pay through August is below the FUTA limit. Hence, there will be some earnings exemption from FUTA and SUTA tax. The FUTA tax exemption is:

Gross pay through September  7,800

Unemployment limit               - 7000

Earnings above limit                    800 --> exemption

Current earning                               2,300

Exempt from unemployment taxes - 800

Subject to tax                                     1,500

The taxes table for Scenario A is:

Taxes                  Subject to September tax    Tax Rate    Tax Amount

FICA-SS                           $2,300                       6.20%         $142.60

FICA-Medicare                  2,300                        1.45%            33.35

FUTA                                  1,500                         0.60%           9.00

SUTA                                  1,500                          5.4%           81.00

Scenario B

In Scenario B, we know that the gross pay through September is below the FICA-SS limit, hence all earnings for September will be subjected to FICA-SS tax. However, the gross profit through September is also below the unemployment limit, This condition puts all September earnings as subject to the unemployment taxes.

The taxes table for Scenario  is:

Taxes                  Subject to September tax    Tax Rate    Tax Amount

FICA-SS                           $3,100                       6.20%         $192.20

FICA-Medicare                  3,100                        1.45%            44.95

FUTA                                  3,100                         0.60%          24.80

SUTA                                  3,100                          5.4%           89.90

Scenario C

In Scenario C, the gross pay through September has exceed the FICA-SS limit. Hence, we have to calculate the FICA-SS exemption:

Gross pay through September  $141,400

FICA-SS limit                               - 137,700

Earning above limit                          3,700 --> exemption

Current earning                     9,000

Exempt from FICA-SS tax   - 3,700

Subject to tax                        5,300

However, this scenario will not be subjected to any unemployment tax because both gross pay through August and September alrady axceed the unemployment limit.

The taxes table for Scenario C is:

Taxes                  Subject to September tax    Tax Rate    Tax Amount

FICA-SS                           $5,300                       6.20%         $328.60

FICA-Medicare                  9,000                        1.45%            130.50

FUTA                                      0                           0.60%              0

SUTA                                      0                           5.4%                0

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when governmental agencies or philanthropic organizations have money to make available for health or other programs, they often find organizations to give money to by starting with a(n)

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When governmental agencies or philanthropic organizations have money to make available for health or other programs, they often find organizations to give money to by starting with a request for proposal.

Philanthropic foundation, a non-profit, non-governmental organization that manages its own finances and manages assets donated by contributors while allocating its profits to charitable causes.

Giving food to someone during a famine is an example of charity. The food provides temporary relief, but eventually, the person will experience hunger once more. Teaching someone to cultivate their own food is charitable since it solves the societal issue that is the root of their hunger.

While philanthropists have attempted to foster a sense of community among the citizens of America, they haven't always approached this goal in the same manner.

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A fast-fashion company may run a risk of hiring low cost vendors who supply at rock-bottom prices at the cost of unfair labor practices. This is an example of?.

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A fast-fashion company may run the risk of hiring low-cost vendors who supply at rock-bottom prices at the cost of unfair labor practices. This is an example of the exploitation of labor.

What is the exploitation of labor?

The exploitation of labor is the act of taking advantage of workers for personal gain. It is a huge issue in the modern economy, as workers are often taken advantage of for their labor and not given fair compensation for their work. This can take the form of extremely low wages, lack of job security, dangerous or exploitative working conditions, excessive overtime, and more. The exploitation of labor often disproportionately affects vulnerable populations, such as those who are undocumented or those who are in a precarious economic situation. It is a serious problem that needs to be addressed to give all workers fair and equitable treatment.

This scenario is an example of exploitation of labor because the company is exploiting the labor of its vendors by paying them very low wages and not providing fair working conditions. The vendors may not be able to provide their workers with fair wages or working conditions, leading to the exploitation of labor.

It can be concluded that a fast-fashion company may run the risk of hiring low-cost vendors who supply at rock-bottom prices at the cost of unfair labor practices. This is an example of the exploitation of labor.

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On October 1, 20X3, Green Corporation paid $450,000 for all of Yellow Company's outstanding common stock. On that date, the book values and fair values of Yellow's recorded assets and liabilities were as follows:
Book Value Fair Value
Cash and Receivables $75,000 $75,000
Inventory 155,000 160,000
Buildings and Equipment (net) 260,000 320,000
Liabilities (150,000) (150,000)
Net Assets $340,000 $405,000
Based on the preceding information, the differential implicit in this acquisition is
$0.
$45,000.
$65,000.
$110,000.
Based on the preceding information, what amount should be allocated to goodwill in the consolidated balance sheet prepared immediately after the combination?
$110,000.
$65,000.
$45,000.
$0.

Answers

The differential implicit of the data above is $110,000. In the other side, the amount that should be allocated to goodwill in the consolidated balance sheet prepared immediately after the combination is $25,000.

Goodwill refers to transparent assets that are admitted when the ownership of a company is transferred as a going concern.

To determine the implicit in this acquisition, we can use this formula:

Differential implicit = Amount paid - book value

Differential implicit = $450,000 - $340,000

Differential implicit = $110,000

Thus, the differential implicit is $110,000

To determine how much value that should be allocated to goodwill in the consolidated balance sheet prepared immediately after the combination, we can use this formula:

Goodwill = Purchase Price - Net assets fair value

Goodwill = $340,000 - $315,000

Goodwill = $25,000

So, the amount that should be allocated to goodwill in the consolidated balance sheet prepared immediately after the combination is $25,000.

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Aber Company manufactures one product. On December 31, 2016, Aber adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $900,000. Inventory data are as follows:
Year Inventory at
year-end prices Price index
(base year 2016)
2017 $1,260,000 1.05 2018 1,840,000 1.15 2019 1,900,000 1.25 Compute the inventory at December 31, 2017, 2018, and 2019, using the dollar-value LIFO method for each year.
Inventory at December 31, 2017 $Problem 161 Aber Company manufactures one product.
Inventory at December 31, 2018 $Problem 161 Aber Company manufactures one product.
Inventory at December 31, 2019 $Problem 161 Aber Company manufactures one product.

Answers

The Last-in First-out (LIFO) technique of inventory valuation is predicated on the idea that the last-produced or last-bought assets will be the ones to incur expenses. In other words, the most recent things purchases are withdrawn and expensed first according to the last-in, first-out method.

Only in the United States, where all three inventory-costing techniques are permitted by generally accepted accounting standards, is last in, first out (LIFO) practised (GAAP). The LIFO approach is prohibited by International Financial Reporting Standards (IFRS).

Retailers and auto dealerships are typical examples of businesses that adopt LIFO inventory values because they can benefit from lower taxes (when prices are rising) and better cash flows.

However, many American businesses prefer to utilise FIFO since, if a company uses a LIFO valuation when filing taxes, it must also use a LIFO valuation when reporting financial results to shareholders, which reduces net income and, ultimately, earnings per share.

The computation of the given question is attached in the form of an image.

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the fixed overhead or variance relates to the method used to apply fixed overhead costs to products or customers. (enter o

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The process through which fixed overhead costs are allocated to particular goods or clients is referred to as the fixed overhead "volume variance."

Define the term fixed overhead volume variance?

The difference between amount projected for fixed overhead costs regarding production volume or the amount that is ultimately absorbed is known as the fixed overhead volume variance.

At the conclusion of a particular period, this variance is examined as part of cost accounting reporting package.Only expenses incurred during the production process, like factory rent, equipment depreciation, employee pay, facility insurance, and energy prices, are often included in the fixed overhead costs used in this variance.These overhead expenditures are relatively straightforward to forecast since they are fixed within a specific range of activity. Some businesses establish a fixed standard overhead rate that is applied year-round due to this predictability.

Thus, the process through which fixed overhead costs are allocated to particular goods or clients is referred to as the fixed overhead "volume variance."

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Which portion of a professional business letter contains the purpose of the correspondence?.

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The body part of a professional business letter is the purpose of the correspondence.

Professional letters are used to communicate professionally for a variety of reasons at work, including networking, career advancement, employment, and business.

The bulk of your message is in the body. Each paragraph should be left justified and single-spaced in the block and modified block letter forms. No of the format, make sure to leave a blank line between each paragraph. Remember to omit a line from the greeting to the body and from the body to the closing.

A formal letter is frequently written for a serious reason. It may be a formal performance, a formal application for a job, a formal declaration of a job offer, a formal thank-you message following an interview, or even an official document from your company giving a promotion.

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By buying in large quantities and delivering to customers in smaller lots, a wholesaler may perform all of the following physical distribution activities except
unit pricing

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The maximum commonplace example of a wholesaler is an organization that purchases finished merchandise from manufacturers and then distributes this merchandise to outlets, which then sell smaller quantities of the product to the quit-user. some wholesalers may additionally purchase from or promote to other wholesale agencies.

A distributor works intently with a producer a good way to sell greater goods and advantage higher visibility on these items. vendors discover wholesalers who will resale their merchandise. A wholesaler works extra intently with stores to shape their desires by buying merchandise in bulk at a discount.

Merchant wholesalers and agent wholesalers are the two primary forms of intermediaries in indirect sales. the primary distinction between them is ownership of the products they sell. at the same time as merchant wholesalers take the title for the goods they sell, agent wholesalers simplest earn commission prices for their sales.

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