Actual weekly labor cost against goal labor cost of $1840 above target.
What is the labor cost?A direct labor cost is a component of a wage bill or payroll that can be precisely and consistently allocated to or related to the production of a product, a specific work order, or the supply of a service.
Labor Information
-Regular Rate $16.00/hr
-Overtime Rate $23.50/hr
-Targeted Labor Cost $12,200/wk
-Labor Hours Needed 750/wk
-Any hour worked in excess of 40 hours per week must be compensated at the overtime rate.
$16 over the target
$280 over the target
$1120 over the target
$2,440 over the target
$5,600 over the target
Labor Hours Needed 750/wk
13-person team, 40 hrs/wk
= 13 × 40
= 520 hrs
Regular Rate $16.00/hr
Hence 520 × 16
= 8320 $
Hours remaining= 750 - 520
= 230$
Over time work = 230 $
Overtime Rate $24.00/hr
Hence, 230 × 24 = 5520$
Total Cost = 8320 + 5520
= 13840 $
Targeted Labor Cost $12,000/wk
Thus, 13840 - 12,000 = 1,840 $ / wk
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As a manager, when faced with ethical crises you should . A. take the initiative to address the problem. B. focus on issues most relevant to stockholdersC. wait for the other party to make the first move. D. cover up as much as possible.
As a manager faced with ethical cries you should Take the initiative to address the problem.
What is Ethical crises?A problem with ethics affects your organization as a whole, not just one or two unethical actions. But you can lessen the damage they cause. It is a case where a business is discovered to have broken the law as a result of unethical behavior.Many issues that begin as corporate crises turn into ethics crises, whether it is the BP oil spill or the GM ignition switch. This change is typically triggered by a failure to accept responsibility for inappropriate actions.To learn more about Ethical crises: https://brainly.com/question/30226876
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how does the date of this article compare with the date on the new york journal and advertiser article? close reading 2. according to these headlines, what happened to the maine? 3. what kinds of evidence does the new york times include to support its account of the incident?
This article's date is identical to the one in the New York Daily News and Advertiser.
What types of proof is used by the NY Times to back up their version of the incident?Secretary Long was directly quoted in the New York Times as saying that he didn't believe the ship got blown up by an opponent that the explosion was an error brought on by the magazine breaking.
The USS Maine was sunk in what way?In January 1898, the USS Maine, a 1st battleship constructed during 1888 and 1895, was dispatched to Havana to defend American assets during the island nation's protracted uprising against the Spanish authority. Maine sank in the early hours of February 15, 1898, after her forward ammunition ignited magazines blew up.
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kris is offered a job that pays $9.85 per hour for a 35-hour work week. she will be paid biweekly. what will her gross pay be for each paycheck?
If Kris is offered a job that pays $9.85 per hour for a 35-hour work week. she will be paid biweekly. Therefore, Kris' gross pay is $689.50.
Gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings before any deductions or taxes for households and individuals. It contrasts with net income, which is defined as gross income fewer taxes, and other deductions.
When a position is advertised, the promised compensation is commonly stated as gross income. This is also known as your base salary, and it does not include any short or long-term incentives or benefits. Net pay is the money left over after taxes and deductions have been deducted from your gross pay.
Gross pay = (per per hour x total hours worked x 2)
= (9.85 x 35 x 2)
= $689.50
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world trade has both benefits and costs. which of the following statements best attests to this fact? select one: a. the u.s. economy and all businesses that participate in this economy were negatively impacted by recent wars. b. the standard of living for citizens in developing nations has significantly decreased due to globalization. c. economists are convinced that global job creation will never occur if our politicians support world trade. d. large companies and small companies agree that the green movement is a global issue. firms are embracing opportunities to bring value to consumers by creating green products and services.
Large companies and small companies agree that the green movement is a global issue. firms are embracing opportunities to bring value to consumers by creating green products and services.
What does a corporation mean?A group of people can come together to legally form a corporation to do business and run a commercial or industrial venture. Depending on its jurisdiction's corporate legislation, a corporation may be set up in a variety of ways for tax and financial liability reasons.
What makes it a "company"?Because of the desire of its employees to create value, a corporation is known as a company. The Latin word produco, which means to lead forth or bring forward, is the origin of the English verb "to produce." Old French compaignie, or companionship, is the origin of the word "company." Old English, which combines busy with -ness, is also where the word "business" first appeared.
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georgia's budget for july was $100,000 in sales; she incurred total costs of 89%. how much profit did she make?
She made a profit of $11,000, which is the amount of money you make from a certain item or service after deducting costs from sales and determining the profit margin.
What exactly does "profit" mean?Profit is the amount of money you have after paying for operating obligations. Gross profit, operational profit, and net profit are the three basic categories of profit. The largest profit is the gross profit. It displays the amount of money that was left over after buying the products and services that were sold.
Does "profit" solely mean monetary gain?Profit is the amount of money that is left over after all costs, obligations, sources of extra income, and operating costs have now been taken into consideration. While both revenue and profit relate to the money a company makes, it is conceivable for a corporation to make both revenue and a net loss.
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Looking to invest in his first pair of dress shoes, Sean is deciding between a pair of slip-on shoes and a pair of traditional lace-up wingtips. In this case, the slip-ons cost $50 more than the wingtips. Which of the following should be included in the opportunity cost of buying the slip-ons
Decisions on how to allocate limited resources, as well as the preferences and requirements of individual people, are all necessary components of economic study.
How much can I invest (10K)?10K can be invested in stocks and shares ISAs, ETFs, communal and indexes funds, and individual equities. A robo-advisor may also be used to invest in equities. How can I invest $10,000 for the near future? You can put the $100,000 into a cash ISA or a rising savings account for short-term objectives.
What are the three types of investments?The basic choices are fixed income, stocks, and estate (bonds).Each has unique hazards, chances, and tax laws. Even while creating a whole portfolio may seem challenging, the earnings, interest, and
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parker invested $160 in an account paying an interest rate of 9(1/4%) compounded continuously. penelope invested $160 in an account paying an interest rate of 9(3/8%) compounded daily. after 6 years, how much more money would parker have in his account than penelope, to the nearest dollar?
Parker would have $42 more in his account than Penelope after 6 years, to the nearest dollar.
What is account?An account is a record of financial transactions that occur between two parties, such as a business and its customer. It is used to track income and expenses related to a particular customer or product, and provides an accurate reflection of the financial status of the account holder. Accounts may be used to track a variety of different types of transactions, such as sales, purchases, investments, and payments.
This is because Parker's account is compounded continuously, meaning that interest is added to the account instantly, whereas Penelope's account is compounded daily, meaning that interest is added to the account once per day. Continuous compounding results in more money in the account than daily compounding over the same period of time.
Specifically, after 6 years, Parker's account balance would be $1,097.47, while Penelope's would be $1,055.48. Thus, Parker would have $41.99 more than Penelope, to the nearest dollar.
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Answer:2
Explanation:
a transaction that lacks a bargained-for exchange lacks an element of consideration. T/F
This happens whenever one side offers a promise or performance (consideration) in return for another side's return promise or performance.
What is bargain for exchange in consideration?There is no element of consideration in a transaction if there is no agreed-upon exchange. Consideration is not a pledge to carry out an obligation that one has under the law. By virtue of the prior obligation rule, a party who is contractually obligated to carry out a specific duty may use that duty as consideration for a subsequent contract.
A two-party agreement must have been a bargained-for exchange in order to be considered a contract. This happens whenever one side offers a promise or performance (consideration) in return for another side's return promise or performance.
The following requirements must be satisfied by contemplation in order to constitute a legally binding contract: Anything worth haggling over must be worthwhile. Benefits must accrue to all parties involved in the
Therefore, the statement is true.
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a daycare center in fairfax currently has 1 assistant caregiver and 9 senior caregivers. since demand is high, the owner is going to be hiring 3 assistant caregivers per month and 2 senior caregivers per month. her goal is to have a larger staff, including an equal number of assistant caregivers and senior caregivers. how long will that take? how many of each type will there be?
It will take 6 months to reach the goal of having an equal number of assistant caregivers and senior caregivers.
How many of each kind are there going to be?After 6 months, there will be 18 assistant caregivers and 18 senior caregivers.It will take the daycare center in Fairfax seven months to reach the owner’s goal of having an equal number of assistant caregivers and senior caregivers. During the first month, three assistant caregivers and two senior caregivers will be hired.The number of assistant caregivers and senior caregivers will increase by three and two, respectively, each month for the next six months. After seven months, the daycare center will employ twenty-four assistant caregivers and twenty-four senior caregivers.In conclusion, it will take the daycare center in Fairfax seven months to reach the owner’s goal of having an equal number of assistant caregivers and senior caregivers. After the seventh month, there will be a total of twenty-four assistant caregivers and twenty-four senior caregivers.To learn more about an unknown variable refer to:
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Employers typically base decisions on false impressions and stereotypes when they fail to clarify in advance what traits and knowledge are necessary for a specific job.TrueFalse
Employers typically base decisions on false impressions and stereotypes when they fail to clarify in advance what traits and knowledge are necessary for a specific job. - True
Employers may use preconceptions and unconscious biases to decide who to recruit or promote if they fail to specify the precise skills and credentials needed for a position. This may result in prejudice towards particular categories of people and a less qualified and varied workforce. Employers must explicitly state the requirements and duties of a position in job advertising and throughout the interview process to prevent this.
Additionally, they ought to offer managers training and tools to help them prevent unintentional prejudice while making hiring and promotion choices. They should also evaluate candidates using objective indicators of job performance, such as work samples and skill exams.
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middle industries produces a sensor for use in manufacturing. it produces the sensor in a plant with an annual practical capacity of 75,000 units. the variable cost of the sensor is $185.00 per unit, and the fixed costs of the plant are $12,375,000 annually. current annual demand is 55,000 sensors. middle industries bought the plant because it was close to its other manufacturing facilities and was available for sale when they were searching for a location. required: what cost per sensor should the cost system report to facilitate management decision making? what is the cost of excess capacity? what cost per sensor would the cost system report if the smallest manufacturing plant that could be built was able to produce 75,000 sensors? what would be the cost of excess capacity?
The cost of excess capacity in this scenario would be $0, as the plant would be able to produce exactly the number of sensors demanded.
What is cost analysis?Cost analysis is a process of evaluating the cost and performance of a project, product, or program. It involves identifying all the costs associated with a particular activity or project and then evaluating them in order to determine the most efficient and effective way to allocate resources. Cost analysis typically includes analyzing both fixed and variable costs, as well as indirect costs such as overhead. The goal of cost analysis is to understand the total cost of a project or activity, and to identify areas where costs can be reduced or eliminated.
According to question:-
The cost per sensor that the cost system should report to facilitate management decision making is the variable cost per unit ($185.00) plus the portion of fixed costs allocated to each unit. To calculate this, divide the fixed costs ($12,375,000) by the number of units produced (55,000) to get $224.77. Adding this to the variable cost per unit ($185.00) gives a total cost per sensor of $409.77.
The cost of excess capacity is the difference between the plant's annual practical capacity (75,000 units) and the annual demand (55,000 units) multiplied by the variable cost per unit ($185.00). This equates to $7,200,000.
If the smallest manufacturing plant that could be built was able to produce 75,000 sensors, the cost system would report a total cost per sensor of $342.50 (variable cost of $185.00 plus fixed costs of $157.50, which is $12,375,000 divided by 75,000).
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In credit terms of 3/15, n/45, the "3" represents the:a. number of days in the discount periodb. full amount of the invoicec. number of days when the entire amount is dued. percent of the cash discount
If the account is settled within the discount period, the consumer will receive a 3% cash discount. In this instance, the discount period is 15 days.
These things are shown on several ledger pages, and debit and credit entries are used to demonstrate changes in their values over time. These postings, which are commonly referred to as entries, are kept in a ledger or book of final postings. Common financial accounts include things like sales, receivables, mortgages, loans, PP&E, common stock, sales, services, wages, and payroll. A chart of accounts is a list of each bank account that a specific business, group of athletes, or governmental entity possesses. The act of acquiring, reviewing, and reporting such data is known as accounting. Accountants are employed in the accounting industry.
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what firm offers the best example of a marketing organization that has created the core competencies of brand equity and economies of scales?
Apple firm offers the best example of a marketing organization that has created the core competencies of brand equity and economies of scales.
As a result, we can say that a marketing organisation is a type of organisational structure that aids in implementing business policies and making decisions on things like manufacturing, packaging, price, advertising, sales promotion, brand, trade mark, and routes of distribution. Multi-divisional, flat, matrix, and functional organisational structures are the four different types. Functional, departmental, and matrix organisations are the three types of organisations that best reflect the organisational structures now utilised by the majority of businesses. Owners must weigh the benefits and drawbacks of each of these formats before picking which to use for their particular firm. To form, preserve, or alter public perception of an organisation, the field of organisation marketing exists. In South Africa, for instance, The Salvation Army was responsible for some excellent business promotion.
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if my end product had was 50 after a 20% increase what was m orginal total and how do i figure that out
The original value is 4.54 and the total value is 10.
Let the original value be x.
End product = 50
Increment in end product = 20%
For the total product = 50/20%
For the total product = 10
Percentage formula= (new value - original value) / |original value| × 100
10% = (50-x)/ x × 100
10/100 = (50-x)/ x × 100
Cross-multiplying of 100
10 = (50-x)/ x
Taking x to LHS
10x= 50-x
10x+x= 50
11x = 50
x = 50/11
x = 4.54
∴ The original value (x)= 4.54 or 50/11 and the total value is 10.
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a marketer needs to split up an audience stored in a data extension. which two ways could that data extension population be divided using a split. (choose 2)
A marketer needs to split up an audience stored in a data extension. He/she can use random sets by fixed number and random sets by percentage.
A random data extension divides subscribers from a standard data extension and places them in new sets of data extensions. You can build up to 12 data sets at a time.
There are two ways to split data extension population.
First, by fixed number. You can choose how many data will be included in the new data sets.
Second, by percentage. Determine the percentage of each data segments you will create.
If the size of data population is big, use random split.
Hence, the possible two ways of splitting are: random sets by fixed number and by percentage.
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The promised cash flows of three securities are listed here. If the cash flows are risk-free, and the risk-free interest rate is 5%, determine the no-arbitrage price of each security before the first cash flow is paid.
Security Cash Flow Today ($) Cash Flow in One Year ($)
A 500 500
B 0 1000
C 1000 0
Security A's no arbitrage price is $1,360.38. Security B's no-arbitrage price is $1,320.75. Security C's no-arbitrage cost is $1,400. Arbitrage is the simultaneous purchase and sale of an asset on various markets.
No-arbitrage price of Security A is:
= Cash flow today + Cash flow in 1 year / (1 + interest rate)
= $ 700 + $ 700 / 1.06
= $ 700 + $ 660.3773585
= $ 1,360.38
No-arbitrage price of Security B is:
= Cash flow today + Cash flow in 1 year / (1 + interest rate)
= $ 0 + $ 1,400 / 1.06
= $ 0 + $ 1,320.754717
= $ 1,320.75
No-arbitrage price of Security C is:
= Cash flow today + Cash flow in 1 year / (1 + interest rate)
= $ 1,400 + $ 0 / 1.06
= $ 1,400 + $ 0
= $ 1,400
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bsw corporation has a bond issue outstanding with an annual coupon rate of 6.4 percent paid quarterly and four years remaining until maturity. the par value of the bond is $1,000. determine the fair present value of the bond if market conditions justify a 13.5 percent, compounded quarterly, required rate of return.
In light of the presented query Thus, after using the calculation, $788.35 is the fair present value.
Is the rate of interest similar to the coupon rate?The difference between the par value and the interest rate. Recommend buying a bond with a face value of Rs. 1,000 and a 10% coupon rate. You can receive Rs 100 (10% of Rs 1,000) per year, equivalent to an effective interest rate of 10%.
For computing the fair present value we need to apply the present value formula which is to be shown in the attachment below:
Given that,
Future value = $1,000
Rate of interest = 13.5% ÷ 4 = 3.3%
NPER = 4 years × 4 = 16 years
PMT = $1,000 × 6.4% ÷ 4 = $16
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
Thus, after using the calculation, $788.35 is the fair present value.
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abc corporation has just completed an ipo raising $100 million. the investment bankers handling the offering made total commissions of $4 million. it is most likely that this was
The answer is A Best Efforts Underwriting
What is mean by Best Efforts Underwriting?
The promise made by a service provider to go above and beyond to carry out the terms of a contract is referred to as "best efforts." In the world of finance, an underwriter promises an issuer that they will make every attempt to sell all of the securities they are offering. The underwriter does not promise to sell all of the securities, even when the two parties agree to sell some of them.
Commissions are the answer to the question. Investment bankers who participate in a best efforts underwriting are not held financially accountable and receive a commission on all sales. The syndicate members have accepted financial responsibility and earned the spread by a hard commitment underwriting (considered to be a markup rather than a commission). Due to the fact that rights are covered by a standby underwriting, which would not apply to an IPO, this would not be one.
A contract known as an underwriting agreement is made between the issuing company of a new securities issue and a group of investment bankers known as an underwriting group or syndicate.A pledge from an underwriter to do their best efforts to sell as many shares as feasible is referred to as "best efforts."In general service agreements, it's a word that's substituted for a firm deliverable commitment.A firm commitment or acquired transaction, on the other hand, requires the underwriter to purchase all of the shares or debt and sell it all in order to profit.To know more about Best Efforts Underwriting, Refer to :
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if the reserve ratio is 10% and excess reserves increase by $1,000, what is the maximum possible increase in checkable deposits throughout the banking system?
The maximum possible increase in checkable deposits throughout the banking system is $10,000.
The reserve ratio is the percentage of deposits that banks are required to hold in reserve, in this case, 10%. This means that for every $100 in deposits, banks must hold $10 in reserves. When excess reserves increase by $1,000, banks can legally lend out 90% of the new reserves, which is $900.
This means that checkable deposits can increase by $900 x 10, which is $9,000. As a result, the maximum possible increase in checkable deposits throughout the banking system is $9,000 + $1,000 = $10,000.
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Determine if each of ratio are equivalent or not equivalent
equivlent pair of ratio and not equivalent ratio
Compare the two ratios to determine whether you can use a shared factor to scale one ratio to the other to accomplish this.
What is a comparison example?
When writers do this, they contrast two different things. Metaphor and simile are two examples of the many ways that comparisons can be made.
Writers frequently use analogies to contrast unfamiliar people, places, objects, and ideas with well-known ones in order to help readers better understand what they are attempting to convey.
Examples of comparisons
The path of life is winding and difficult.
The young person with the painful throat awoke to find himself a bear.
The leaves dropped like copper coins that were sparkling.
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which of the following is an assumption of the theory of monopoly? group of answer choices there are extremely high barriers to entry. there are many sellers. the product has a number of close substitutes. the product is of extremely high quality.
The monopoly theory makes the assumption that there are very high entry barriers.
What is monopoly?A scenario known as monopoly occurs when there is only one supplier on the market. The monopoly case is viewed as the extreme opposite of perfect competition in conventional economic analysis. The industry's downward-sloping demand curve.
What makes Monopoly so popular?According to a representative for toy maker Hasbro, which took over Monopoly when it acquired Parker, many feel that game grown in popularity due people were searching for an escape first from financial troubles they were suffering and presented the dream of being rich.
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shippers did not immediately shift to the railroads because a. they received financial incentives to stay with canal routes. b. they were not convinced of their reliability. c. canal boats were cheaper. d. they distrusted the safety of the steam engine.
Option (C), Because canal boats were less expensive than railroads, shippers did not quickly switch to them.
Why did people choose railroads over canals for the purpose of moving goods?Railroads shortened travel times across the country, making it easier and more cheap to transport goods and people.
Why were railroads thought to be better than canals?Railroads could be built more quickly and cheaply than canals, and they did not freeze over in the winter. Although these advantages plainly made railroads preferable to traditional canal systems, their growth was first restrained due to the earlier investments made in canals by many states.
The effects of railroads and canalsA developing train network and rivers linked the frontier to the eastern towns. Produce was delivered in tiny boats through canals and rivers from the farms to the ports. Massive steamships carried both people and freight between ports. Rail links between towns made it possible for everyone to travel more quickly.
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As the word "communal" suggests, belongingness to a group or community, communal culture values groups over individuals. Communal culture can be defined as the attitude or outlook wherein achievements of a community or group are given more value as compared to the achievements on individual.
Communal culture can be defined as the attitude or outlook wherein achievements of a community or group are given more value as compared to the achievements on individual.
What is communal culture?These two sorts' primary distinctions result from the emphasis that each conveys to the public. In communal cultures, the community or groups of people are prioritised above a single person, in contrast to individualist societies where the emphasis is placed on the individual the significance of a location, location, or item to a people's overall identity This value has to do with how we relate to and are emotionally attached to a certain area. Strong communities are essential because they're frequently a significant source of kinship and sense of belonging. A fulfilling life requires active participation in a group of people who share similar attitudes, values, and objectives. In a communal society, everyone cohabitates, shares resources, and cooperates in many aspects of daily life.To learn more about communal culture refers to:
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are you a member of the board of directors, executive officer, 10% shareholder or someone who has the ability to control corporate action of a public or nonpublic company?
An organization that is privately held by its founders, management, or a group of individual investors is known as a private company. A firm is said to as a public company if it has sold all or a portion of itself to the general public through an IPO.
What purpose does an investor fulfill?A person or organization that utilizes its own funds or funds borrowed from others with the goal of creating a profit is an investor. Anyone who wishes to buy stocks online from the convenience of their home may be considered an investor.
What sort of work does an investor do?It's possible to acquire stocks and bonds with the intention of later selling them at a profit. You may make money by speculating on foreign exchange rates, mutual funds, gold, or real estate..
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true or false: long-term liabilities are not due in the current year (from the date of the balance sheet).
The given statement "there are no long-term liabilities this year (from the date of the balance sheet)" is TRUE.
What are Long-term liabilities?Long-term liabilities are monies owing by a corporation to third parties that are due after a year, also referred to as long-term debts.
This distinguishes them from current liabilities, which must be paid off within a year for a business.
Long-term obligations are not due this year (from the date of the balance sheet).
Current liabilities are a business's short-term debts that are due in a year or during a typical operational cycle (e.g. accounts payable).
Long-term (non-current) liabilities are obligations with a maturity date greater than one year. These obligations are reported as such on the balance sheet.
Long-term liabilities, also known as noncurrent liabilities, are debts and other financial commitments that don't include debt and have maturities longer than a year.
Deferred tax liabilities, loans, debentures, and pension commitments are a few examples.
Therefore, the given statement "there are no long-term due dates this year (from the date of the balance sheet)" is TRUE.
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True or false? One advantage of the corporate form of organization is that income received by stockholders is not taxable sine the corporation already paid taxes on the income distributed.
The statement 'One advantage of the corporate form of organization is that income received by stockholders is not taxable since the corporation already paid taxes on the income distributed' is false as the stockholders have to pay tax.
When it comes to the corporate form of organization, many people believe that any income received by stockholders is not taxable since the corporation has already paid taxes on it. However, this is not the case.
Stockholders are still liable to pay taxes on any income they receive from the corporation, regardless of whether the corporation has already paid taxes on it. Hence, the statement above is false.
As such, it is important for stockholders to take the necessary steps when filing their tax returns to ensure they are in compliance with their tax obligations.
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Which of the following includes a list of the sources of capital and the projected income and expenses of the business?
answer choices
Financial plan
Executive Agenda
Marketing Plan
Business Agenda
The concept here is a Financial plan, these are documents an individual's long-term financial goals and creates a strategy for achieving them. An answer is option, A.
A financial plan is a comprehensive assessment of an individual's current salary and future financial situation using currently known variables to predict future income, assets, and payment schedules.
A financial plan is sometimes referred to as an investment plan, but in the area of personal finance, a financial plan may focus on other specific areas such as risk management, wealth, education, or retirement. Financial planning helps you achieve your financial goals, such as: buying a family home, saving for your children's education, and securing a comfortable retirement or a dream vacation.
It also prepares you for unexpected situations and emergencies, such as Illness, job loss, or the need to renovate your home. Identification of future investment needs, and determination of funding sources. The effective management or use of these funds.
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pule purchases four bottles of bathroom cleaner for $3 each. the maximum prices she would have been willing to pay for each bottle are $6 for the first bottle, $5 for the second bottle, $4 for the third bottle, and $3 for the fourth bottle. the marginal cost of producing the bottles is $2.50. what is pule's consumer surplus on the fourth bottle of bathroom cleaner? group of answer choices
If it could, it would charge every consumer the maximum amount allowed by law for "Three Star Golden Crown," which is currently sold for around $516 per bottle.
Who is called consumer?
Any product or service's final user is the consumer. Anyone who purchases a good or service and consumes it with the owner's consent is referred to as a consumer. This includes anyone who is not the buyer. A consumer is any individual or group of individuals who purchases a good or service but does not use it themselves after getting the buyer's consent to do so. The end-user of the products or services is another way to refer to the consumer.
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Common trade agreements include the World Trade Association, economic communities, bartering, countertrade, and free-trade zones. What are possible concerns regarding trade agreements?
Explanation:
1. Unequal terms: Trade agreements could potentially create an unfair balance of power between two entities, allowing one country or party to benefit while the other is left with unfavorable terms.
2. Exploitation: Trade agreements could be manipulated to allow countries or entities to exploit resources or labor in the other countries in exchange for unfair terms.
3. Job Loss: Trade agreements can lead to job losses in countries that are unable to compete globally due to their industry not being competitive enough. This can create economic instability in countries as well as social unrest.
4. Impacts on Local Communities: Trade agreements can lead to adverse impacts on local communities, such as displacement from their traditional lands, decreased access to natural resources, or ecological destruction.
5. Risk of Dumping: Dumping is the practice of exporting products at very low prices to create an unfairly competitive market for other countries, potentially resulting in major losses for countries that cannot compete. This practice is often seen in trade agreements.
2-2 Application Problem: Analyzing Transactions Into Debit And Credit Parts Lo4
Ascertain whether the rise or decrease requires a credit or a debit.
What is credit?Credit is the trust that permits one party to give money or resources to another party, wherein the second party does not immediately reimburse the first party (thereby creating a debt), but instead promises to pay back or come back those assets (or other equipment of equal value) at the a later time. Credit is derived from the Latin verb credit, which means "one believes." Property, commitments kept, or performances are all examples of the first party's resources. Credit is a strategy for formalizing reciprocity, making it enforceable by law, and extending it to a sizable number of unrelated parties. The resources offered may be material (such as issuing a loan) or financial, or they may be in the form of commodities or services (e.g. consumer credit). Any deferred payment arrangement is considered credit.
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Ascertain if a credit or a debit is necessary for the increase or reduction.
What is credit?Credit is the trust that enables one party to provide funds or resources to another party, when the second party does not immediately recompense the first party (thereby generating a debt), but instead promises to pay back or return those assets (or other property of similar value) at a later date. The Latin verb credit, which meaning "one believes," is the root of the word credit. The first party's resources might include things like property, promises met, or performances. A method for formalizing reciprocity, making it legally binding, and extending it to a significant number of unrelated parties is credit.
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