At all prices above $9, the demand is elastic, while at all prices below $9, it is inelastic.
A commodity's demand is altered by price variations. We can estimate the elasticity of demand, or the degree of responsiveness of demand, by comparing the percentage price changes with the quantities demanded. Elasticity of demand is the degree to which demand responds to a change in an economic factor. Price is the economic factor that is most usually used for evaluating elasticity. Additional considerations include the availability of alternatives and income level. Elasticity measures the impact of shifting economic conditions on shifts in demand.
The following elements could impact demand:
The cost of the item
The cost of complementary goods
Consumers' income, etc.
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beanpod groceries will deliver. the delivery fee is $9.95 for a minimum order of $60, which drops to $6.95 for orders of $100 or more. your order comes to $99.48. if you add a last-minute item costing $1.99 what will your final bill be? vb
Beanpod groceries will deliver. the delivery fee is $9.95 for a minimum order of $60. The final bill will be $ 108.42
Calculating the problem:
Total delivery fee: $99.44 + $1.99
= $101.47
Delivery fee: $6.95
Final bill : $101.47 + 6.95
= $108.42
Why do we have to pay for delivery?
The costs of delivering the food to diners' locations are covered by delivery fees. The manner in which these fees are divided depends on how a restaurant runs its delivery business; we will discuss the various approaches that restaurants can take to this revenue stream.
How much do delivery fees cost?A general ledger account called "delivery expense" houses all of a company's freight out costs. Fees paid to third-party transportation services and the cost of fuel are examples of expenses that can be deposited in this account.
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you are managing a mission critical project for your organization. a seller was sourced to provide a high load winch system. you leased a winch that is rated at 1,000 pounds for the project. you are satisfied with the work and product that the seller has provided and would like to use their services in the future. how might this information be documented?
The information can be documented in a project report, including a section on vendor performance, which states that the seller provided a high-load winch system that met the project's needs and that the organization plans to use its services again in the future.
Create a project report: A project report is a document that details the progress, results, and outcomes of a project. It should include a section on vendor performance that specifically notes the performance of the seller who provided the high-load winch system.
Complete a vendor feedback form: A vendor feedback form is a document that allows the organization to rate the vendor's performance in different areas.
This form can be completed by the project manager or other team members who worked with the vendor. The form should include areas such as product quality, delivery time, and customer service.
Include vendor feedback in the project report: The information from the vendor feedback form should be included in the project report's vendor performance section. This will provide a comprehensive view of the vendor's performance and will be useful for future reference and decision-making.
Store the project report and vendor feedback form in a secure location: The project report and vendor feedback form should be stored in a secure location, such as a shared drive, where they can be easily accessed by the organization in the future.
Use the information for future decision-making: The information from the project report and vendor feedback form can be used to make decisions on whether to use the seller's services again in the future. This will help the organization select the best vendors for future projects.
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Accountants at Ernst & Young are:O Contingent workers O Knowledge workers O Manufacturing workersO Tiered workforce
Accountants at Ernst & Young are Contingent workers.
What are Contingent workers?The term "contingent worker" refers to those who work for an organisation but are not paid employees. Independent contractors, freelancers, consultants, advisors, and other outsourced personnel hired on a project-by-project and non-permanent basis are all considered contingent labour. Work that is contingent, casual, or contract-based is characterised by a lack of job security, piece-rate compensation, usually a part-time arrangement, and is seen as temporary work. Freelancers frequently report wages higher than their old formal positions, despite having less work security. Contingent workers are individuals who provide their skills and knowledge to a company on a temporary or project-by-project basis. They are often referred to as independent contractors or 1099 employees.
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butterfly corp. manufactures products m1 and m2 from a joint process, which also yields a by-product, b1. butterfly accounts for the revenues from its by-product sales as other income. additional information follows: m1 m2 b1 total units produced 22,500 13,500 9,000 45,000 allocated joint costs ? ? ? $ 400,000 sales value at split-off $ 420,000 $ 280,000 $ 100,000 $ 800,000 required: assuming that joint product costs are allocated using the net realizable value at split-off approach, what was the joint cost allocated to product m1? (do not round intermediate calculations.)
M1 allocated joint cost=M1 net realizable value/total realizable value*total joint costs.
M1 net realizable value is 420,000 $
total realizable value is 800,000 $
total joint cost is $ 400,000
M1 allocated joint cost= 4,20,000/8,00,000*4,00,000
M1 allocated joint cost= 2,10,000 $ is the answer.
How do sales operate?A sale is an agreement that includes, among other things, the exchange of products or services for cash. A sale, then, is any action that involves giving the buyer ownership of a good or service in exchange for cash.
What does a salesperson do exactly?A sales representative, in the simplest terms, promotes the reputation of a firm and offers its products or services. They manage customer relationships and serve as the primary point of contact from the moment a lead is solicited until a transaction is completed.
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consumers receive more consumers' surplus when tariffs exist than when they do not exist. group of answer choices false true
False ( A tariff is tax imported items. This increases the price consumers have to pay for the product and reduces consumer surplus.)
What is the consumer surplus?
Consumer surplus occurs when the consumers pay less for the goods and services than they are willing to pay. This is a measure of the extra profit a consumer can get by paying less than they were willing to pay.
What is the consumer surplus formula?
The simplest formula to calculate consumer surplus is:
Consumer surplus = maximum price - market price. From there, an extended variation of the formula would be:
Consumer Surplus = (1/2) × Equilibrium Quantity × (Maximum Price – Equilibrium Price)
Is the high consumer surplus good?
When markets are uncompetitive, consumer surplus decreases and inequality increases. A decrease in consumer surplus leads to an increase in producer surplus and widening inequality. Consumer surplus allows consumers to purchase a wider variety of goods.
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indicate the account that will be credited for each of the following transactions: a. issued common stock for cash b. borrowed money from a bank c. provided services on account d. purchased inventory on account e. collected cash from customers that owed a balance due
For each, common stock was issued: Common Stock provided the following services on account: Service Revenue, inventory purchased on account: Accounts Receivable
What exactly do you mean by inventory?Activities pertaining to all of the items, goods, products, and centre by a company for the purpose of reselling in the market for a profit. For instance, if a daily paper vendor uses a car to deliver mail to clients, only the newspaper is considered inventory.
What exactly is simple inventory?Simple Stock Control is a highest accuracy regulation, inventory management, and tracking software designed for small to medium-sized businesses with one or more locations.
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tonja has a supervisory position and is pleasant and professional in front of visitors. she is also a charismatic presenter. however, behind closed office doors, she is rude and dismissive of others. tonja is not a competent communicator because:
Because she doesn't modify her communication techniques to fit the demands of various individuals and circumstances, Tonja's employer is not a skilled communicator.
Speaking, writing, listening, and reading are the four fundamental communication techniques. People will remember you for the way you interact with them and convey your thoughts. a process whereby information is shared between people using a common set of signs, symbols, or behaviors. Verbal communication, nonverbal communication, written communication, visual communication, and listening are the five types of communication you need to be aware of. William Newman and Charles Summer: Communication is an exchange of ideas, facts, opinions or emotions of two or more persons. 4. Louis Allen: Communication is a bridge of meaning. It involves a systematic and continuous process of telling, listening and understanding.
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as a project manager for a project that your company has undertaken, you are responsible for determining project costs. early in the project, you develop an estimate that has an accuracy range of 50 percent. which type of estimate are you developing?
In the given situation we are developing a (C) rough order of magnitude estimate.
What is a magnitude estimate?
A generic estimation of the scope and cost of a project is known as an order of magnitude estimate.
It normally takes place when a project is in the selection and approval phase.
It's typically used to estimate a project budget with little or no detail.
Ballpark, budgeted, and final estimates are the three sorts of estimates that can be used to communicate costs to clients.
You are provided with an extremely top-level overview of the anticipated project costs using an approximate order of magnitude estimate.
The ideal scenario would be for you to be able to offer a precise estimate that was meticulously crafted with a ton of input from subject matter experts and extensive research on previous projects and their budgets.
Therefore, in the given situation we are developing a (C) rough order of magnitude estimate.
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Correct question:
As a project manager for a project that your company has undertaken, you are responsible for determining project costs. Early in the project, you develop an estimate that has an accuracy range of 50 percent. Which type of estimate are you developing?
Answers
A. Preliminary estimate
B. Conceptual estimate
C. Rough order of magnitude estimate
D. Definitive estimate
if you need your employees to take inventory and restock the store with the new inventory, what type of leadership style would be most appropriate? transformational leadership charismatic leadership transactional leadership
Authoritative Leadership
What is the best type of leadership style?Leadership that is transformative charismatic management transactional management
Authoritarian Management. The authoritative leader understands the purpose, is confident in achieving it, and enables team members to take leadership in the same way she does. The authoritative leader drives strategy with vision and inspires team members to use their abilities to develop as leaders themselves.
Transformational leadership is recognized as one of the most effective leadership approaches for motivating others to succeed. They do this by recognizing individual team members’ talents and shortcomings and understanding that each person works within their capacities.Transformational leaders excel in culture building, intellectual stimulation and individual support, modeling positive behaviors, vision-creation, and holding staff to high performance standards.
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josh collins plans to buy a house for $210,000. if that real estate is expected to increase in value by 3 percent each year, what will its approximate value be six years from now?
The approximate value of the house six years from now will be $=1297800
What will be the value of the house in 6 years?When the value of an asset increases with the passage of time, it is referred to as appreciation.
The formula for calculating future value with annual growth is:
FV = P (1 + r)^n
Where:
FV = Future valueP = Present valueR = interest rateN = number of years$210,000(1 + 0.03)^6
$210,000 (1.03^6) = $=1297800
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A publisher with a geographic monopoly faces the following demand schedule for the next novel from one of its authors: the author is paid $2,000,000 to write the book, and the marginal cost of publishing the book is a constant $10 per book.
Price Quantity Demanded Novels
$100 0 $90 100,000 $80 200,000 $70 300,000 $60 400,000 $50 500,000 $40 600,000 $30 700,000 $20 800,000 $10 900,000 $0 1,000,000
a. Compute total revenue, total cost and profit at each quantity. What quantity would a profit maximizing publisher choose?
b. Compute marginal revenue. How does marginal revenue compare to price? Explain.
c. Graph the marginal revenue, marginal cost and demand curves. At what quantity do marginal revenue and marginal cost cross? What does this signify?
Total revenue, also known as gross revenue, is your total revenue from recurring (MRR) and non-recurring revenue streams. It's the total amount of income your company brings in from selling your products/services.
What is Marginal Revenue?Marginal revenue is the additional income generated by selling one more unit of output. Although marginal income can remain constant at a given level of output, the law of diminishing returns eventually causes it to start declining as output level increases. Completely competitive businesses continue to produce products until marginal income and marginal cost are equal, according to economic theory.
Utilizing marginal revenue is necessary in a variety of circumstances. Using historical marginal revenue data, businesses analyze the product demand in the market. They use the data to establish prices in a way that is both effective and efficient. Last but not least, companies rely on marginal revenue to understand predictions better. With this information, they may plan future production schedules, such planning for material requirements, are then derived.
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at what price or prices would the school collect $0 revenue from raffle sales? explain or show your reasoning.
At $0 and $ 40 the school collect $0 revenue from raffle sales from selling raffle tickets at p dollars each.
given data:
The expressions are p(200-5p)and 200p-5p2.
the revenue will be R(p) = p(200 - 5p).
let R(p) = 0.
So, p(200 - 5p) = 0
p = 0 or 200 - 5p = 0
p = 0 or 200 = 5p
p = 0 or p = 200/5 = 40
Revenue is the money made from regular business operations and is determined by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales. The money earned from regular company activities is known as revenue, sometimes known as sales or the top line. Operating expenditures minus revenue equals operating income.
Non-operating revenue is sporadic or irregular money that comes from other sources. Governments, charities, and other non-profit organisations, as well as private persons, all record revenue, albeit the methods and sources used vary. Revenue just includes the revenues from sales; income and profit also include the costs incurred in order to produce revenue and disclose net earnings.
the complete question will be:
The expressions p(200-5p)and 200p-5p2define the same function. The function models the revenue a school would earn from selling raffle tickets at p dollars each.
At what price or prices would the school collect $0 revenue from raffle sales? Explain or show your reasoning.
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How should oil companies react if oil prices rise to the $90 to $100 per barrel level? Explain your reasoning
Answer:
Explanation:
Oil price increases are generally thought to increase inflation and reduce economic growth. In terms of inflation, oil prices directly affect the prices of goods made with petroleum products. As mentioned above, oil prices indirectly affect costs such as transportation, manufacturing, and heating.
when consumers agree with the environmental stance a company takes, they are demonstrating [blank] . which answer best fills in the blank to complete the sentence?
When consumers agree with the environmental stance a company takes, they are demonstrating consumer acceptance.
What is a value proposition?A company's use of a business or marketing statement to succinctly explain why a customer should purchase a good or use a service. the method by which you forge a distinctive impression of a good or service in the mind of the customer.
It explains how the good or service outperforms rival goods and services. The value proposition provides an explanation for why a customer should hire or purchase from a company. As a result, the value proposition becomes an important factor in determining strategy.
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what percentage of profit would the seller make if she paid $25,000 for a vacant lot, built a home on the lot that cost $165,500, and then sold the property for $210,080 (round your answer to the nearest percentage)?
According to the solving the seller makes percentage of profit is about 10%.
How can I figure out my profit margin?By deducting the cost of goods sold (COGS) from total sales and dividing the result by total revenue, you can quickly calculate a firm's profit margin.
What exactly does "profit margin" mean?Your profit margin will decide how profitable your business is. It is expressed as a percentage and assesses how much of every dollar for services of sales your business keeps for itself. The outcome is the profit margin, which is calculated by subtracting the business's net income from its total sales or revenue.
According to the given information:25,000+165,500
= 190,500190,500 - 210,080
= 19,580210,080 / 19,580
= 10.72
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a lender has a minimum loan amount of $150,000. the lender serves a large area including a minority neighborhood. the minority neighborhoods home value is usually $125,000 or less. this policy is an example of:
The given situation is an example of (B) disparate impact.
What is Disparate impact?Disparate impact arises when seemingly neutral laws, practices, norms, or other systems have a disproportionately negative impact on a protected group.
Employing more males than women in construction due to physical attributes like height or strength is an example of disparate effect (unintentional discrimination).
Disparate impact discrimination, as its name implies, frequently happens when an apparently neutral workplace behavior adversely affects a protected group – usually unintentionally.
A height limitation at the job is a frequent example that may disadvantage women.
Disparate impact discrimination, as its name implies, frequently happens when an apparently neutral workplace behavior adversely affects a protected group – usually unintentionally.
A height limitation at the job is a frequent example that may disadvantage women.
Therefore, the given situation is an example of (B) disparate impact.
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Complete question:
A lender has a minimum loan amount that they will lend on, that minimum loan amount is $150,000. The average home value to a minority in the neighborhood is $100,000, so the lender does not help anyone in that minority lender, this would be:
a. Disparate treatment
b. Disparate impact
c. Overt discrimination
d. Comparative evidence
true or false: a board is a collection of pins presented as clustering of related ideas such as product categories, interests and topics.
A board can be a collection of pins presented as clustering of related ideas such as product categories, interests and topics. A board can be used in a number of contexts, such as in project management, where it is used to organize and visualize the different tasks and milestones of a project. It can also be used in marketing or product development, where it is used to organize and visualize different product categories, or in a personal context, where it can be used as a collection of interests and hobbies.
A board is typically visual in nature, and pins are used to represent different ideas or items. These pins can be organized in a variety of ways, such as by category, topic, or chronologically, and they can be connected to related information or resources. The board format provides a visual representation of the related ideas and allows for easy navigation and organization of information.
Some popular examples of boards are Pinterest, Trello, and Asana. These platforms allow users to create boards and pin ideas, tasks and more. They can be shared with others and used for different purposes such as marketing, personal use, business, and more.
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D etermine the cash paid to the investor for the following bond issuance: 2,000,000 (2 millions $) face value semi-annual bond 10 years Stated rate= 6% per year Market rate=8.5% per year O $120,000 O $161,000 O $60,000 O $80,500
Cash paid to the investor for the following bond issuance will be c) $60,000.
A bond is a type of debt security, much like an IOU. In order to raise money from investors who are ready to provide a loan to them for a specific period of time, borrowers issue bonds. Purchasing a bond entails lending money to the issuer, which could be a corporate, government, or local authority.
Governments and businesses can raise money from investors by selling bonds, a sort of asset. Selling bonds is consequently a means of borrowing money from the seller. From the standpoint of the buyer, purchasing bonds is an investment because it rights the buyer to a stream of interest payments as well as a guarantee of principal repayment.
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. Which of the following is a type of nontaxable income that does not need to be reported on a federal tax return O Interest income from a U.S. Treasury security. Interest income from municipal bonds. Unemployment compensation. Workers' compensation.
The majority of your earnings from job or investments are subject to federal income tax, as well as state income tax on occasion. Some types of income, though, are exempt from paying taxes. Here are a few things that every taxpayer needs to be aware of.
Health Savings Accounts (HSAs), life insurance payouts, employer-provided insurance, disability insurance payments
What Is Considered Non-Taxable Income?Nontaxable income won't be taxed, whether or not you record it on your tax return. The following items are not taxable in the eyes of the IRS: inheritance, gifts, and bequests rebates in cash for goods you buy from a store, manufacturer, or dealer.
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Liam’s granny has set up a small library for local senior citizens. Liam has taught her how to save the client information in the computer. He now has to teach her to password protect the information. The password has to be easy so that his granny does not forget it, considering her age. However, it has to be strong enough so that no one easily deciphers it. What might be the best password for Liam’s granny?
A.
the year when granny and grandpa first met
B.
granny’s first name
C.
granny’s childhood nickname
D.
granny’s place of birth
Answer:
A
Explanation:
This would be really hard for someone who is not in the family to guess. To someone not in the family it is a really random year because who would know the year they met, almost no one. That is why this is a good answer.
At December 31, 2017, Hawke Company reports the following results for its calendar year.Cash sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,905,000Credit sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,682,000In addition, its unadjusted trial balance includes the following items.Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . $1,270,100 debitAllowance for doubtful accounts . . . . . . . . . . . . . 16,580 debit1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions.a. Bad debts are estimated to be 1.5% of credit sales.b. Bad debts are estimated to be 1% of total sales.c. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017, balance sheet given the facts in part 1a3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017, balance sheet given the facts in part 1c.The adjusting entry passed to recognize bad debts is passed by debiting the bad debt expense and crediting the allowance for doubtful accounts.The balance of $1,204,450 is shown in accounts receivable in current assets after deducting the allowance for doubtful accounts.The balance of $1,206,595 is shown in accounts receivable in current assets after deducting the allowance for doubtful accounts.
An allowance for doubtful accounts is considered a “contra asset,” because it reduces the amount of an asset, in this case the accounts receivable.
Can you deduct allowance for doubtful accounts?The recognition of an allowance for doubtful accounts for financial statements reporting generally is not deductible for tax purposes. The allowance, sometimes called a bad debt reserve, represents management's estimate of the amount of accounts receivable that will not be paid by customers.The allowance for doubtful accounts is a reduction of the total amount of accounts receivable appearing on a company's balance sheet, and is listed as a deduction immediately below the accounts receivable line item. This deduction is classified as a contra asset account.When you create an allowance for doubtful accounts, you must record the amount on your business balance sheet. If the doubtful debt turns into a bad debt, record it as an expense on your income statement.To learn more about doubtful refer to:
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you are a project manager for a large construction company. your company has an established contract with a local building supply company for the majority of the materials that you use on your projects. your senior management has assigned you to a fairly aggressive project and has signed off on the project charter. your first task is to begin identifying potential stakeholders for this project. which activity should you perform?
You are a project manager for a large construction company. Your first task is to begin identifying potential stakeholders for this project. Organize meeting activity should you perform.
What is the significance of meeting planning?Meetings help people share ideas, make decisions, build team relationships, and even feel less alone at work by providing a valuable forum for a variety of functions.
What does organizing accomplish?The various departments of the organization can better coordinate and communicate with one another by organizing. Through structural relationships, various positions and jobs are connected to one another. It specifies the communication channel and method for each member.
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carefree, inc. has 20,000 shares issued and outstanding. on august 1, the board authorizes a 20% stock dividend. this is considered a (large/small)
Carefree, Inc. has 20,000 shares issued and outstanding. On August 1, the board authorised a 20% stock dividend. This is considered a small stock dividend.
A stock dividend is considered small if the shares issued are less than 25% of the total value of shares outstanding before the dividend. A journal entry for a small stock dividend transfers the market value of the issued shares from retained earnings to paid-in capital.
Stock dividends are common in corporate structures where the company doesn’t have enough cash or cash flow to pay investors. Instead of issuing cash dividends, the board of directors declares a stock dividend to keep investors happy. This way investors still get a return on their investment and the corporation doesn’t have to deplete its cash position. These dividends are also common in mergers and corporate restructuring deals.
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-------------------- correct question format is given below ------------------
(Que). Carefree, Inc. has 20,000 shares issued and outstanding. On August 1, the board authorised a 20% stock dividend. This is considered a (large/small) ____ stock dividend
In this lesson, we looked at the various taxes that individuals have to pay.In three to four sentences, explain how taxes influence consumer decisions and buying power.Taxes may seem inconvent but they are very benificail to our society.Income taxes reduce the amount of money that an employed individual brings home. This causes individuals to have less disposable income to spend. Additionally, when taxes are applied to goods that consumers purchase, they are spending more for individual items. This means that many consumers must weigh their opportunity costs and decide between items to purchase.What stance did you take in your argument? Check all that apply.- Taxes reduce individuals' net income- Sales taxes reduce many consumers' buying power
Tax benefits are tax laws that lessen your tax burden if you meet certain requirements. Deductions, exclusions, and credits are some tax benefits. Your savings depend on how many tax benefits you claim.
One of the most prevalent tax breaks is the deduction. Your taxable income will be decreased by the number of your deductions. Your taxable income will be reduced by the amount of the deduction to which you are entitled.
Tuition and fees, medical bills, charitable donations, and state income taxes are frequently deducted from federal tax returns. Another perk of deductions is that they have the greatest impact on the income tax brackets with the highest marginal rates.
The greatest tax benefit comes from income that is excluded from taxation because it is never reported or, if it is, is deducted in another way. Certain forms of income can be excluded from taxes by law.
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what is the marginal product of the first worker? the second worker? the third worker? why does marginal product decline as the number of workers increases?
The total production when the business hires one person will be subtracted from the entire output when the employees and ensuring no employees in order to determine the surplus value of the first worker.
What is indicated by the phrase "marginal product"?The marginal revenue product of the source is the gaining greater that results from adding one item of a feedback this instance, labor—to the present combination of active components.
In economics, and notably neoclassical economics, the marginal revenue product or marginal value profitability of a feedback (factor of production) is the alteration in output that happens when utilising one more unit of a given input (for instance, the output shift when a firm's labor is risen from five to six units).
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a local city government of a big ten college town wants to know how the citizens feel about installing bike paths within the city. they have a limited budget, however, and will be voting on the proposal of installing bike paths at next month's city council meeting. given the situation, the city government should:
The website of a company that sells schools and instructors with reading curriculums. A U.S. Ministry of Education study demonstrating the success of an after-school reading comprehension.
What does the term "company" imply?A corporation is a legal body set up by a group of people to conduct and oversee a business venture, whether it be industrial or industrial. Depending on the corporations act of its country, a corporation may be established up in a variety of ways for tax or financial responsibility reasons.
What sort of business is it?The Companies Act defines a company as a form of commercial entity. It has a distinct identity from the people who are its participants or who run it legally.
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imc inc. presents following data. assets: 2015 2014 cash $ 200,000 $ 170,000 accounts receivable 864,000 700,000 inventories 2,000,000 1,400,000 total current assets $3,064,000 $2,270,000 net fixed assets 6,000,000 5,600,000 total assets $9,064,000 $7,870,000 liabilities and equity: accounts payable $1,400,000 $1,090,000 notes payable 1,600,000 1,800,000 total current liabilities $3,000,000 $2,890,000 long-term debt 2,400,000 2,400,000 common stock 3,000,000 2,000,000 retained earnings 664,000 580,000 total common equity $3,664,000 $2,580,000 total liabilities and equity $9,064,000 $7,870,000 imc inc. has never paid a dividend on its common stock, and it issued $2,400,000 of 10-year non-callable, long-term debt in 2014. as of the end of 2015, none of the principal on this debt had been repaid. assume that the company's sales in 2014 and 2015 were the same. question: imc inc. increased its short-term bank debt in 2015. true or false? group of answer choices true false
The given statement Imc inc. increased its short-term bank debt in 2015 is false.
What is short-term bank debt?Short-term debt is a form of financing that typically has a repayment period of less than one year. It can be structured in various ways, such as lines of credit, revolving credit, loans, and other forms of borrowing. Short-term debt is often used to finance working capital needs, such as payroll, inventory, and other operating expenses. Additionally, short-term debt can be used to finance capital expenditures or to bridge the gap between cash inflows and outflows. Short-term debt can be beneficial since it typically requires less capital up front, and it has a shorter repayment period than long-term debt. It also can be more expensive since it carries higher interest rates and is subject to more frequent repayment cycles.
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under variable costing, which of the following costs would be included in finished goods inventory?
a. neither variable nor fixed factory overhead cost
b. both variable and fixed factory overhead cost
c. only variable factory overhead cost
d. only fixed factory overhead cost
Under variable costing, c) only variable factory overhead cost would be included in finished goods inventory.
Under variable costing, only variable factory overhead costs are included in the calculation of the finished goods inventory.
This means that only costs that fluctuate depending on production volume are included, such as direct labor, direct materials, and certain variable overhead costs. T
hese costs are treated as expenses in the period they are incurred, rather than being capitalized into inventory. Variable costing can be more useful to management than absorption costing in decision-making, since it provides a clearer indication of profitability.
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true/false. One of the reasons that structural unemployment exists because of fluctuations in economic activity. technological changes make the skills of the workers incompatible with the skills used on the job. workers may not be willing to accept jobs at the going wage rate. it takes time for people seeking jobs and employers seeking workers to find each other.
True, all of these reasons can cause structural unemployment. Variations in economic activity are one of the causes of structural unemployment.
What is structural unemployment?Structural unemployment is a type of unemployment caused by changing economic conditions or technology that makes certain jobs obsolete. It occurs when there is a mismatch between the skills of the workers and the skills required by employers.
This type of unemployment is generally more persistent than other types of unemployment because it requires more time for workers to acquire the new skills needed to fill the available jobs.
Structural unemployment is a long-term problem and can be difficult to address, as it requires changes in educational and training systems, as well as labor market policies. It can also be caused by changes in global markets, such as when countries introduce new trade policies or open up their markets to foreign competition.
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Financial statement disclosure of the components of income tax expense:
Must be made on the face of the income statement.
Usually is included in the disclosure notes.
Is not necessary when only permanent differences exist.
Must include the amount of cash paid for taxes.
Financial statement disclosure of the components of income tax expense: Must be made on the face of the income statement.
Hence, Option A is correct
A financial asset, or liquid asset, has value because someone has a contractual or legal claim on it. Cash, bank deposits, equities, bonds, mutual funds, and other types of cash investments are examples of financial assets.
Assets that can be used to create debt, equity investments, or other liabilities, including money, bonds, securities, and other assets. Financial assets include things like direct investments, bank loans, and formal private ownership of debt and equity securities and other things.
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