Last year's taxes were $2,400.04. the settlement worksheet entries for the current year's tax proration on a September 9 closing are $1,650.44 ($2400.04 /365 x 251 days) Debit Seller & Credit Buyer.
A tax is an obligatory rate or economic fee levied through any authorities on a character or a company to accumulate sales for public works presenting pleasant centers and infrastructure. The gathered fund is then used to fund unique public expenditure programs.
The essential reason of taxation is to elevate sales for the offerings and profits that help the community's needs. Public sales ought to be ok for that reason. 2. Tax ought to, as a way as possible, be levied equitably, in keeping with the capacity to pay.
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A person only has a new car to trade for a steak dinner. let's say he finds someone offering a steak dinner that is also interested in obtaining a new car. what is the problem that this person faces?
The most relevant trade is between the persons having chickens and bags of corn. Because they both wish to trade but they only have a struggle in deciding the fair quantity of bag of corn for a chicken. And in all the other given situations persons are not trading either they refuse or trade does not take place. Option D is correct.
A person plural people or persons is a being that has certain capacities or attributes such as reason, morality, consciousness, or self-consciousness, and is a part of a culturally established form of social relations such as kinship, ownership of property, or legal responsibility.
Persons are often used in formal, legal contexts to emphasize individuals as opposed to a group. People is the plural of person that's most commonly used in everyday communication to simply refer to multiple humans. But people can also be used as a singular noun to refer to a population or particular community.
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If a country's annual imports are $320 billion and its exports are $280 billion, the difference between the two is known as its:_______
If a country's annual imports are $320 billion and its exports are $280 billion, the difference between the two is known as its: balance of trade.
The types of trade.Basically, trade can be categorized into two (2) main groups and these include the following;
ImportExportWhat is a balance of trade?In Economics, a balance of trade can be defined as a measure of the difference between merchandise imports and exports out of a country, as well as a country's international trade in goods.
This ultimately implies that, balance of trade is a measure of the difference between the monetary value of the import and export of goods of a country over a specific period of time.
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Carrie, age 17, is selling the house that she inherited from her grandparents. george has agreed to buy the property, and both have signed a purchase agreement. what is the status of this contract?
17-year-old Carrie is putting her grandparents' house up for sale. George has agreed to purchase the home, and they have both signed a purchase contract. This contract is voidable by Carrie, but not by George, because Carrie can back out of it because she is not of legal age.
A formal agreement between two parties that is voidable can no longer be enforced for a variety of legal reasons.
A voidable contract is initially viewed as legitimate and binding but may be revoked by one party if it is shown to contain flaws. The agreement is nonetheless enforceable and legal if a party with the authority to reject it choose not to do so notwithstanding the flaw.
Agreeing to a voidable contract in a which one party fails to identify the misrepresentation or fraud perpetrated by the other party typically only has a negative impact on that party.
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All of the following are not-for-profits except ________.
a. irs
b. dmv
c. ups
d. u.s. postal service
DMV is the correct answer.
What are not-for-profits?
In contrast to an entity that operates as a business to make a profit for its owners, a nonprofit organization (NPO), also referred to as a non-business entity, not-for-profit organization, or nonprofit institution is a legal entity organized and run by a collective, public, or social benefit.
The non-distribution constraint applies to nonprofits, which means that any surplus funds must be used to further their mission rather than being distributed to other parties.
Many organizations, including some political ones, educational institutions, professional associations, religious institutions, social clubs, and consumer cooperatives, are nonprofit.
Government approval is required for nonprofit organizations to be tax-exempt, however, some may also be eligible for tax-deductible donations.
However, an organization can incorporate as a nonprofit organization even if it does not have tax-exempt status.
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DeNova Real Estate signed a four-month note payable in the amount of $47200 on May 1. The note requires interest at an annual rate of 6%. The amount of interest to be accrued at the end of May is:__________
The amount of interest to be accrued at end of May = $944
Interest Expense:We can calculate the interest expense using the face value of the note, interest period, and interest rate. The amount should be paid on maturity but should be accrued if the payment is due for the next period.
Solving :DeNova Real Estate provides that:
Face value of notes payable = $47200
Annual interest rate on note = 6%
Issue date of the note = May 1
We can compute the interest for four month using the following equation:
Interest for May = [tex]\frac{Face value of the note * interest rate }{total period } * interest period[/tex]
[tex]\frac{47200 * 6}{12} * 4 months \\\\= $944[/tex]
The amount of interest to be accrued at end of May = $944
What happens when interest rates rise?
Rising interest rates typically make all debt costlier , while also creating higher income for savers. Stocks, bonds and land may also decrease in value with higher rates. you'll take defensive action to help prepare for bad economical times while growing your overall finances
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Customers are invited to participate in an online survey of their satisfaction with service. they are offered a $5 gift card for completing the survey. results of this survey may be biased because?
Customers are invited to participate in an online survey of their satisfaction with service. Results of this survey may be biased because people who respond to surveys may be different.
A customer is a character or enterprise that purchases another agency's items or offerings. clients are essential due to the fact they drive sales; with out them, organizations can not live on.
The consumer is the recipient of a good, carrier, product or an concept - obtained from a vendor, supplier, or provider through a financial transaction or alternate for cash or a few different precious attention.
A consumer has an immediate dating with the seller. though both terms may be used interchangeably, they're very distinctive.
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People/organizations who give out money to companies and businesses are called:
Those who give out money to companies and businesses are called investors. Hence, Option C is correct.
Who are investors?When former businesses require monetary support, it is not possible to raise money on an individual basis. Sometimes it is kind of family support that one gets to expand the business, but if we want to extend their project, they need money from outsiders.
These are called investors, who land the money to the companies of business so that they can share the profit and become partners in them as well and make more money from it.
Thus, Option C is correct.
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The complete question has been attached in text form:
People/organizations who give out money to companies and businesses are called:
Group of answer choices
A). researchers.
B). analysts.
C). investors.
D). employees.
When a firm buys back outstanding shares of common stock, which of these measures increase?
When a firm buys back outstanding shares of common stock, the price of the company's shares increases.
What is a common stock?Common stock is a security that represents ownership in a corporation. In a liquidation, common stockholders receive whatever assets remain after creditors, bondholders, and preferred stockholders are paid.
What happens when a firm buys back outstanding shares of common stock?Companies of all sizes buy back their own stock for a number of reasons, such as to try to pump up the share price or to insulate the company from the possibility of a hostile takeover. When a company repurchases stock, it can affect the value of the remaining outstanding shares, the payment of dividends and even control of the company itself.
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In the interview in the ""introduction to marketing""-lecture on 09/13/22 a company representative of fidelity described how fidelity segments their markets. Based on which factors does fidelity segment their markets?.
Mass marketing, often known as undifferentiated marketing, is a tactic that involves developing a single message for every possible audience. It increases brand recognition and enables firms to contact more customers at a reduced cost.
It encompasses all the activities that companies undertake to push, sell, and distribute that product or service. The goal is to come up with sales and build a loyal Marketing customer base by informing prospective and existing buyers about the offering. The key purpose of selling is to induce people to inquisitive about the products or services of an organization.
This happens through market research, research and contemplating the interest of a business's ideal customers and attracting them through messaging which might be educational and helpful to a business's target group.
Marketing Management is an organizational discipline, which deals with the sensible application of promoting orientation, techniques and methods in enterprises and organizations and with the management of a company's marketing resources and activities.
The underside line of any business is to form money and marketing is a vital channel to achieve that end goal. Creative explained that without marketing many businesses wouldn't exist because marketing is ultimately what drives sales.
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A lawyer can argue a case in court for one hour and make $300. She could alternatively use that hour of time to type a legal brief in her office. What is the opportunity cost of her typing the legal brief?.
$300, since that's the amount she could have made by arguing a case in court is the is the opportunity cost of her typing the legal brief.
What is opportunity cost and example?
The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the chance cost is planting a different crop, or an alternate use of the resources (land and farm equipment).
What is opportunity cost known as?
Opportunity cost is commonly defined as the next best alternative. Also, referred to as the alternative cost, it's the loss of gain which could have been gained if another alternative was chosen. It also can be explained as the loss of benefit due to a change in choice.
Why is cost important?
The concept of cost helps us to choose the best possible option among all the available options. It helps us use every possible resource tactfully and efficiently and hence, maximize economic profits.
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When eaton worked with the university of notre dame on its new engineering building to improve its energy efficiency and earn leed credits, both actors were working together for the first time. Therefore, the university’s buying situation can be classified as a ________.
When Eaton worked with the university of Notre dame on its new engineering building to improve its energy efficiency and earn leed credits, both actors were working together for the first time. Therefore, the university’s buying situation can be classified as a derived demand.
Notre Dame could be a good place to figure for. They need great benefits. lots of job opportunities for anyone with no experience. Appreciate the love and support they offer back to the staff. 81% of job seekers rate their interview experience at University of Notre Dame as positive.
Candidates give a median difficulty score of two.5 out of 5 (where 5 is that the highest level of difficulty) for his or her interview at University of Notre Dame. The University of Notre Dame is the nation's leading Catholic research university, providing a particular voice in instruction that's directly rigorously intellectual, unapologetically moral in orientation, and firmly embracing a service ethos.
The University of Notre Dame, having high acceptance rates and graduation rates, high rankings and lots of prestigious alumni remains NOT a league school. The league schools are a consortium of eight private universities based within the northeast region of the US. The academics at Notre Dame are very tough, especially within the engineering and science fields.
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If fixed costs are $245,000, the unit selling price is $117, and the unit variable costs are $73, the break-even sales (units) is:________
If fixed costs are $245,000, the unit selling price is $117, and the unit variable costs are $73, the break-even sales (units) is: 5.697.67 units.
What is a fixed cost?Fixed costs, sometimes referred to as indirect costs or overhead costs in accounting and economics, are costs incurred by a corporation that are independent of the volume of goods or services the company produces. They frequently occur again and again, like monthly rent or interest payments. These expenses are often capital expenses as well.Costs that are fixed are those that don't change based on volume. Most fixed costs are expenses that depend more on time than on how much your company produces or sells. Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs.Rent and mortgage payments are two examples of fixed expenses. Auto loans. Additional loan paymentsTotal production costs — (Variable cost per unit multiplied by the number of units produced) = Fixed costs.Explanation:
Contribution margin per unit = Unit Selling Price - Unit Variable Cost
= $116 - $78
= $43 per unit
Break even point = Fixed Costs / Contribution margin per unit
= $245,000 / $38
= 5.697.67 units
Hence, the statement is not correct because break even unit sales is not equal to 5.697.67 units.
If fixed costs are $245,000, the unit selling price is $117, and the unit variable costs are $73, the break-even sales (units) is: 5.697.67 units.
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How do profit pressures influence the news media? do you think nonprofit journalism is, or can be, significantly different from for-profit journalism?
For news media, profit pressures can actually dictate in such a way that they would actually be motivated in spreading false news just for sensation purposes so that more views can be achieved and more profit can be earned from it and this can result in negative publicity or spreading false news to the people which might be mishaps.
Then the true sense of journalism would diminish whereas nonprofit journalism might be different in this case because they are not motivated by profits or political pressures where the main aim for them is to understand the news properly and make it available for the people and they are the ones who actually hold the true values of journalism all in all and that is the reason why there is a significant difference between profit and nonprofit journalism.
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What financial statements can be found in a firm's annual report? what checks exist to ensure the accuracy of these statements?
The balance sheet, income statement, statement of cash flows, and statement of shareholder's equity are among the financial statements that can be included in a company's annual report that complies with IFRS.
The checks that exist to ensure the accuracy of these statements is:
When preparing their reports, public firms are required to adhere to a standardized set of guidelines and a standard structure.An impartial third party, referred to as an auditor, is appointed by corporations to review the yearly financial statements, confirm that they are prepared by GAAP, and provide supporting documentation for the accuracy of the information.The Sarbanes-Oxley Act mandates that in addition to the auditor's role in analyzing the financial statements, the CEO and CFO both individually attest to the veracity of the financial statements provided to shareholders and sign a statement to that effect.What is an Annual Report?The annual financial report, sometimes known as the annual report or just the annual report, is an audited account of the health and performance of a corporation or mutual fund. It is presented annually to shareholders as a kind of openness. Accounting documents are completely accessible to investors and the general public so they can learn more about the state, worth, and potential of the business.To learn more about annual reports, refer to:
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Why would a new home buyer be required to purchase fire insurance before a broker transfers funds to the seller?
The reason why a new home buyer would be required to purchase fire insurance before a broker transfers funds to the seller is that it assure the lender with the information that the particular loan will be paid back.
What is the essence of the purchasing fire insurance before a broker transfers funds to the seller?The essence of the purchasing fire insurance before a broker transfers funds to the seller is that the lender will giving assurance about the likelihood of payment of the loan.
It should be noted that the policymakers have incentives to adhere to with respect to the policy decision made today, in the future.
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The growing visibility of cohabitation before marriage was once considered ______, but it is now considered ______ in the united states.
The growing visibility of cohabitation before marriage was once considered deviant, but it is now considered normative in the united states.
Even though sociologists view cohabitation as a recent phenomena, it is widely acknowledged that it predates marriage. The distinction between marriage and cohabitation was not well understood in many nations until the middle of the eighteenth century. The line between these partnerships, for instance, was ambiguous in England until Lord Hardwicke codified marriage in 1753. However, even after Hardwicke's Marriage Act was passed, common-law unions were still widely accepted.
Marriage and cohabitation remained indistinguishable due to a lack of authorities to regulate legal unions and peculiarities in jurisdictional laws (Holland 1998; Seff 1995). During the nineteenth century, marriage truly evolved into the institution that it is today. During this time, marriage evolved from a largely religious custom to one that was frequently established by civil law.
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A $1.000 par value bond with a 12.68 percent coupon rate, currently selling for $995, has a current yield of:_________
The current yield will be 126.8/995 = 12.74%
What is the Current yield?The annual return on an investment (interest or dividends) is calculated by dividing it by the security's current market value. Instead, then focusing on a bond's face value, this metric looks at its current price.
The return an investor would anticipate making if they bought and held the bond for a year is represented by the current yield.
The return an investor earns if he retains a bond to maturity, however, is not represented by the current yield.
Bond investments, which are securities that are issued to an investor at a par value of $1,000, are the assets to which current yield is most frequently applied.
Bonds are traded between investors, and each bond has a coupon amount of interest that is printed on the bond certificate.
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As a result of the shift, what will happen to price and quantity will:_______
a. increase
b. decrease
c. remain the same
Answer:
The answer is A, Increase
Alex invested $30,000 in cash in his business. how will this entry be posted in the ledger accounts?
Alex invested $30,000 in cash in his business, which will be posted to
the debit side of the Cash account.
Explanation:
The journal entry is shown below:
Cash A/c Dr $30,000
To Common stock A/c $30,000
(Being the cash is invested)
We simply debited the cash account and credited the capital account for $30,000 so that the correct posting can be done.
So while preparing the ledger accounts we post the amount to the debit side of the cash account and credit side of the common stock account.
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Lucinda runs the advertising department for a local newspaper. An internal error resulted in all ads for the sunday edition running in black and white, not the full-color advertising paid for by clients. The newspapers have already been delivered. What should lucinda keep in mind as she writes to the affected advertisers?.
Lucinda should keep in mind that the clients will react in different ways to the mail, and she should be able to take the blame as she writes to the affected advertisers.
What is advertisement?Advertisement involves creating an awareness regarding a product.
It means making people know about a product to promote effective sales. A client could be a company or individual who wants his or her company advertised.
When an error occur internally the advertisement department should be ready to hold the result and present possible alternative or solution as the case may be.
Therefore, Lucinda should keep in mind that the clients will react in different ways to the mail, and she should be able to take the blame as she writes to the affected advertisers.
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In june 2019, dropbox announced that they were increasing storage limits on some premium accounts to 3 terabytes, at no additional costs. this likely has the effect of (choose two):______.
Dropbox stated in June 2019 that some premium customers would receive a free increase in storage capacity to 3 terabytes. This most likely has the result of : 1. lessening the risk of new access. 2. increasing the cost of switching for present consumers.
Dropbox stated in June 2019 that some premium customers would receive a free increase in storage capacity to 3 terabytes. This most likely has the result of : 1. lessening the risk of new access. 2. increasing the cost of switching for present consumers.
Dropbox creates a unique folder on the user's computer to house all of the user's data in one location. The content of these folders is synced with Dropbox's servers and other computers and devices on which the user has installed Dropbox, keeping the same files current on all of the devices.
Using a freemium business model, Dropbox provides customers with a free account with a predetermined amount of storage, with premium subscriptions offering more space and more features. Users of Dropbox Basic receive two gigabytes of free storage. In addition to mobile apps for iOS, Android, and Windows Phone devices, Dropbox provides desktop applications for computers running Microsoft Windows, Apple macOS, and Linux.
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What is the percentage change in the price of each bond if its yield to maturity falls from to ?
The formula to calculate the percentage change in the price of the bond is the change in yield multiplied by the negative value of the modified duration multiplied by 100%.
The phrase "yield" refers to the earnings generated and realized on an investment over a specified period of time. The amount invested, the security's current market value, or its face value are used to calculate the percentage that is displayed. A shareholder's interest or dividends from holding a particular security are included in yield. Depending on how much the security is worth, yields can either be considered known or anticipated (fixed vs. variable). Yield is the ratio of the cash flow that an investor receives to the amount invested in an asset. Even if there are other variations including quarterly and monthly yield, it is frequently computed on an annual basis.
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Economists believe that production possibilities frontiers:____.
a. often have a bowed shape.
b. always have a bowed shape.
c. rarely have a bowed shape.
d. never have a bowed shape.
Economists believe that production possibilities frontiers often have a bowed shape.
An economist is a professional practitioner of the social science of economics. Individuals may also research, develop, and apply economic theories and concepts and write about economic policy. Within this field, there are many subfields, ranging from broad philosophical theories to research focused on specific market details, macroeconomic analysis, microeconomic analysis, or newspaper analysis. financial reporting, which involves analytical methods and tools such as econometrics, statistics, and economics. computer modeling, financial economics, mathematical finance, and mathematical economics.
Economists work in a variety of fields, including academia, government, and the private sector, where they can also "... study data and statistics to detect trends in activity." economic activity, economic confidence, and consumer attitudes They evaluate this information Using advanced statistical analysis, mathematics, and computer programming methods, they propose topics suggestions on how to improve system efficiency or capitalize on trends as they begin.
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If you work in a ____________ culture, you need to make sure that the values of the employees are aligned with those of the company and that there are clear agreements and processes in place. Always make objective decisions and explain, where necessary, on what they are based.
Suppose that owners refill their pet's prescription every month. if the government eliminates all taxes on pet medications, who will benefit more?
Suppose that owners refill their pet's prescription every month. if the government eliminates all taxes on pet medications, pet owners would receive most of the tax savings
Savings are the cash that are left over after subtracting a person's consumption costs from their available income during a given time frame. The sum of an individual's or family's savings is what remains after all obligations and debts have been paid. Since there is no risk of losing the money, but they also have very low returns, cash or its counterparts (such as bank deposits) are used to keep savings. Through investing, savings can grow, but doing so requires placing money at risk. Savings are the funds that are still available after expenses have been paid. Savings can be made for a number of life goals, including retirement or a child's education expenses.
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Owen cartwright has joined a real estate syndicate that bought an office building in downtown orlando, florida. what type of investment does he hold?
Owen cartwright holds gold bullion coins investment.
A bullion coin is a coin struck from subtle precious steel (bullion) and saved as a shop of cost or an investment rather than utilized in commerce.
A bullion coin is outstanding by an express statement of weight (or mass) and fineness on the coin; this is because the load and composition of cash meant for criminal smooth is unique in the coinage legal guidelines of the issuing state, and consequently there may be no want for an express assertion at the coins themselves.
The United Kingdom defines funding cash more especially as coins that have been minted after 1800, have a purity of now not less than 900 thousandths, and are, or had been, prison smooth in their country of beginning. Below u.s. law, "cash" that fail the remaining of these requirements are not coins at all, and every day is advertised as "rounds" as an alternative.
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The individual accounts in a general ledger are frequently assigned a number according to the _____________ _____________ _____________ .
The individual accounts during a general ledger are frequently assigned a number according to the chart of accounts.
What is the meaning of chart of accounts?
A chart of accounts (COA) may be a financial, organizational tool that gives an index of every account in an accounting system. This provides an insight into all the financial transactions of the corporate . Here, an account may be a unique record for each type of asset, liability, equity, revenue and expense.
Why may be a Chart of Accounts so important?
it's important because it is designed as a way to separate expenditures, revenue, assets, and liabilities, so a business can have a transparent understanding and view of their overall financial health.
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Assessment+of+a+40-year-old+patient+reveals+respiratory+distress,+tachycardia,+audible+expiratory+wheezing,+and+an+oxygen+saturation+of+88%.+the+emt+should+suspect:__________
The EMT should suspect diffuse bronchoconstriction.
What is bronchoconstriction?The smooth muscles of the bronchus contract when there is bronchoconstriction. The passageway that carries air to and from the lungs is called a bronchus. The bronchus narrows as a result of this muscular contraction, limiting the volume of air that can enter and exit the lungs.Usually, bronchoconstriction is a symptom of lung conditions such as asthma, emphysema, and others. However, even those without any lung conditions can experience bronchoconstriction when engaging in strenuous activity.Airway remodeling may also result from bronchoconstriction. When a disorder like bronchoconstriction alters the pattern of the airways, thickens them, or increases the amount of mucus they produce, this is known as airway remodeling.
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When considering decision alternatives, only relevant costs are included when using the?
When considering decision alternatives, only relevant costs are included using the differential cost approach.
The cost of two potential decisions or a change in production level is referred to as a differential cost.
What is differential cost?
Differential costs are changes in costs that may result from several factors, including an increase or decrease in output, changes in sales volume, alternative manufacturing methods, decisions to make or not make purchases, changes in product mix, etc. Therefore, a different line of action leads to differential cost.The cost difference that results from, for instance, replacing labor with machines with two different courses of action will be the differential cost.If a change in cost results from a shift in the level of activity, the differential cost is known as an incremental cost when output increases and a decremental cost when output decreases.Differential costs are sometimes considered to be incremental or marginal expenses. However, this is untrue. The absorption or entire costing method is used to determine expenses in differential cost analysis, whereas the marginal costing method only considers variable costs and leaves out fixed costs.To learn more about differential cost visit:https://brainly.com/question/28062205
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How do top managers best demonstrate a commitment to ethical business practices?
By adopting and enforcing written codes of ethics. This is how top managers best demonstrate a commitment to ethical business practices.
A enterprise is defined as a business enterprise or enterprising entity engaged in business, commercial, or expert activities. corporations may be for-profit entities or non-income businesses. commercial enterprise sorts variety from limited liability corporations to sole proprietorships, agencies, and partnerships.
Business improves the first rate of existence in two methods. first of all, it gives items and provider to the human beings required for their leisure, consolation, and fitness. Secondly, a enterprise offers employment opportunities to the humans by means of which they are able to generate income and enhance the excellent of lifestyles.
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