Answer and Explanation:
The computation of the gain recognized and the tax that should be paid is shown below
Sale of share(10 × 8 × $22) $1,760
Less: basis (10 × 8 ×$15) $1,200
The gain realized $560
Now the tax would be
= $560 × 15% preferential rate
= $84
Which kind of businesses are under threat due to the ability to create fake identities and steal credit card numbers and personal data?
The ability to create fake identities and steal credit card numbers and personal data has made ________ a dangerous area for businesses.
Answer:
theft
Explanation:
I believe that's right
Answer:
e-commerce
Explanation:
got it right on plato
Intel buys a manufacturing machine for $100,000 for use in making computer processors. The company also paid 7% ($7,000) sales tax on the machine. It cost $3,000 to ship the machine to Intel's plant. Intel paid an additional $1,500 to have the machine installed and tested for initial use. Each month, the machine requires $1,000 worth of oil and supplies to keep running. What is the machine's original cost basis (also called book value) that the firm records on the balance sheet
Answer:
$110,000
Explanation:
Calculation for What is the machine's original cost basis that the firm records on the balance sheet
Machine's Original cost basis
Machine Cost $100,000
Add Sales Tax $7,000
Add Shipping Cost $3,000
Machine's Original cost basis $110,000
($100,000+$7,000+$3,000)
Therefore the machine's original cost basis that the firm records on the balance sheet will be $110,000
Campbell, a single taxpayer, earns $438,000 in taxable income and $2,760 in interest from an investment in State of New York bonds. (Use the U.S. tax rate schedule). Required: If Campbell earns an additional $16,900 of taxable income, what is her marginal tax rate on this income
Answer:
Currently (assuming a 2020 tax schedule), Campbells tax liability = $47,367.50 + [35% x ($438,000 - $207,350)] = $128,095
municipal bonds are not taxed by the federal government, so Campbell will not pay any taxes on the interests earned on the State of New York bonds.
if he earns an additional $16,900, then his tax liability will be:
$47,367.50 + [35% x ($454,900 - $207,350)] = $134,010
his marginal tax rate = 35%
Look at the attached image.
Peter hires Brunhilda to represent him and assist with the sale of his home. They sign a listing contract to memorialize their relationship. What type of agency has been created between Peter and Brunhilda?
a. Apparent agency
b. Ostensible agency
c. Express agency
d. Implied agency
Answer:
c. Express agency
Explanation:
An express agency can be defined as a type of contractual agreement between two (2) parties, which typically involves one party being instructed and authorized to act on behalf of the other person, usually referred to as the principal. Express agency is a fiduciary role.
In this scenario, Peter hires Brunhilda to represent him and assist with the sale of his home. They sign a listing contract to memorialize their relationship. Thus, the type of agency that has been created between Peter and Brunhilda is an express agency.
Which of the following revisions use direct language most effectively? Check all that apply. A variety of current variables require the development of on-demand technologies at this crossroads. Technological development, and therefore institutional growth, has been externally influenced by a number of interfering elements. Market fluctuations have required us to develop our technology. Several factors have spurred technological development.
Answer:
The correct alternatives are "Option C and Option D".
Explanation:
Appropriate utilization of direct language prosperous countries through using advanced vocabulary with powerful verbs, using appropriate terms, avoiding jargon as well as avoiding phrase phrases.Some many considerations had already stimulated technology innovation, currency fluctuations had already made it necessary for us to establish our modern technologies.Other preferences aren't related to the circumstance in question. That the above response is the correct one.
5-16 PRESENT VALUE OF A PERPETUITY What is the present value of a $600 perpetuity if the interest rate is 5%
Answer:
A. 571.423
B .545.45
Explanation:
A. Calculation for the present value of a perpetuity
Present Value = $600*1 /(1+.05)
Present Value = $600*1 /1.05
Present Value =571.423
Therefore the Present value of a $600 perpetuity if the interest rate is 5 % will be 571.423
B. Calculation for the present value if thr interest rate doubled to 10%,
Present Value = $600 /(1+.01)
Present Value = $600/1.01
Present Value =545.45
If $3000 is invested at 5% interest, compounded annually, then after n years the investment is worth an
Answer:
Results are below.
Explanation:
Giving the following information:
Initial investment (PV)= $3,400
Interest rate (i)= 5% = 0.05
Number of years= ?
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
For example:
n= 10 years
FV= 3,400*(1.05^10)
FV= $5,538.24
n= 8 years
FV= 3,400*(1.05^8)
FV= 5,023.35
In order to understand how risky it would be to provide negative upward feedback, you might discuss the mattter with other employees, before deciding what to say or do. This is an example of the ____ part of the risk negotiation cyle.
Answer:
Sense making
Explanation:
Employees in a workplace communicate in interlinked stages when there is perception of risk in the work place. However these cycles could result when risk is diminished.
The risk negotiation cycle is made up of the following stages: attending, sense making, transforming and maintaining.
Sense making is the stage where employees try to get a sense of how much risk a situation presents.
There is verification of conformation with cultural and organisational rules.
In the given scenario where there is discussion with other employees to ascertain risk of providing negative upward feedback, it is a sense making stage to test how culturally correct the action is.
Porter, Inc., sells 200,000 newly issued shares to two institutions without registering the shares with its country's securities regulators. This transaction is best described as being:
Answer:
illegal
Explanation:
At least in the US and I believe that in the rest of the world it should be similar, the Securities and Exchange Commission (SEC) requires that every time that new issues are issues, the process must be registered with the SEC. Publicly traded corporations have to follow strict regulations and one of them is notifying changes in outstanding stocks.
Please select the economic term that is best described by each statement. People have limited resources. entrepreneurship margins business cycle recession scarcity tradeoffs Everything you do requires giving up something (time, money, etc.). tradeoffs margins scarcity financial capital recession budgeting
Answer:
scarcity
tradeoffs
Explanation:
Humans have unlimited wants and the resources available to satisfy this wants are limited. Thus, humans have to choose the most important wants and give up less important wants.
For example, if you have $20 and you want to buy a textbook , ice-cream or jeans. Each cost $20. If you need the textbook to study for a test, you would choose the book. Here $20 is the scarce resource. jeans and ice cream are what you traded off
1. The unit mentions Amazon as an online retailer that found success in the early days of Internet sales. While there is not much background provided, what can you infer about Amazon based on the fact that it succeeded while Pets, a very similar business, collapsed in the same era
Answer:
Amazon succeeded in the early days of the internet because it found a niche that had a demand for a specific product: books, and made sure to provide a new service: online book selling, as efficiently as possible, taking into account aspects that customers value highly like delivery time, customer assistance, and variety of titles.
Amazon put these principles in practice, and with time, it became larger and larger. Nowadays, Amazon is the largest online retailer in the world, and sells not only books, but practically everything, from food, to technological gadgets, to even cars.
Answer:
Amazon had prepartions in set in case of any potential collapse to the company in the future.
Explanation:
They were ahead of the curve when compared to Pets.com, by consisting of retailers from all over the world. This feature allowed Amazon to provide and fullfill any need or item of a consumer.
Sales is $90 per unit; direct material is $30 per unit; direct labor is $12 per unit; overhead is $5 per unit and $2,100 per month; selling and administrative expenses are $4 per unit and $1,500 per month. Overhead is:
Answer:
$10
Explanation:
Establishing a formal code of ethics is Multiple Choice mandated by the Corporate and Criminal Fraud Accountability Act. unnecessary given the level of government regulation. more common with small businesses than large businesses. growing in popularity.
Answer:
Establishing a formal code of ethics is
growing in popularity.
Explanation:
A code of ethics refers to the established principles designed to help professionals conduct business honestly and with integrity. It sets guidelines for an employee's or a professional's conduct and also determines appropriate penalties for code violations. The establishment of a code of ethics has been growing in popularity since the Sarbanes-Oxley Act of 2002, with some companies organizing training to ensure that their employees learn the rules of proper and ethical conduct early enough. Fresher courses are also organized for updating knowledge of ethical practices.
Establishing a formal code of ethics is growing in popularity. Thus, option D is the correct option.
The defined rules created to assist professionals in conducting business honestly and with integrity are referred to as a code of ethics. It establishes standards for professional or employee behavior and establishes appropriate sanctions for code infractions.
Since the Sarbanes-Oxley Act of 2002, the creation of a code of ethics has gained in popularity, and some businesses have started to hold training sessions to make sure that their staff members are properly educated on these principles from an early age. For the purpose of upgrading understanding of ethical behaviors, newer courses are also organized.
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One advantage of free trade is: Group of answer choices advanced production operations are built in low-wage countries. innovation for new products occurs which keeps firms competitively challenged. jobs are shifted to low-wage global markets. service jobs are moved overseas.
Answer:
Innovation for new products occurs which keeps firms competitively challenged
Explanation:
Free trade can be regarded as a
theoretical policy , that governments use when there is no imposition of
tariffs/taxes, as well as duties on imports as well as exports.
free trade can be regarded as the opposite of protectionism. It should be noted that One advantage of free trade is Innovation for new products occurs which keeps firms competitively
Bennington Company applies manufacturing overhead by using a predetermined rate of 120% of direct labor cost. The data that follow pertain to job no. 831:
Direct material cost $83,000
Direct labor cost 41,000
If Bennington adds a 20% markup on total cost to generate a profit, which of the following choices depicts a portion of the accounting needed to record the credit sale ofjob no. 831?
Account Debited Amount
A. Accounts Receivable $173,200
B. Accounts Receivable $207,840
C. Finished-Goods Inventory $173,200
D. Finished-Goods Inventory $207,840
E. Sales Revenue $207,840
Multiple Choice
a. Choice A
b. Choice B
c. Choice C
d. Choice D
e. Choice E
Answer:
B. Accounts Receivable $207,840
Explanation:
Direct material cost $83,000
Direct labor cost $41,000
Manufacturing overhead applied = $41,000 * 120% = $49,200
Total cost = $83,000 + $41,000 + $49,200 = $173,200
Markup at the rate of 20% of total cost = $173,200 * 20% = $34,640(Gross profit)
Gross profit + Cost = Revenue
$173,200 + $34,640 = $207,840
Credit sales will be recorded as follows:
Dr. Accounts receivable - $207,840
Cr. Sales - $207,840
Sam, a change manager, has many competencies. One particular strength is his ability to gather meaningful data through interviews, surveys, and observations. These characteristics of Sam are an example of the ____ skills of a change manager. Multiple Choice Diagnostic Interpersonal Initiation
Answer: Diagnostic
Explanation:
Diagnostic skills is the ability of an individual to be able to identify a certain problem, define it, analyze it and seek solutions to it.
Witg regards to the information, this is a type of skill whereby the manager collects, and then analyzed the data available to him or her.
Answer:
Diagnostic us the write answer.
Vaughn Company includes 1 coupon in each box of soap powder that it packs, and 10 coupons are redeemable for a premium (a kitchen utensil). In 2017, Vaughn Company purchased 8,000 premiums at 80 cents each and sold 117,000 boxes of soap powder at $3.50 per box; 42,500 coupons were presented for redemption in 2017. It is estimated that 60% of the coupons will eventually be presented for redemption.Prepare all the entries that would be made relative to sales of soap powder and to the premium plan in 2017.
Answer and Explanation:
The journal entries are as follows:
1. Premium inventory (8,000 × $0.80) $6,400
To cash $6,400
(being the inventory is purchased for cash)
2. Cash Dr (117,000 × $3.50) $409,500
To sales revenue $409,500
(Being the cash received is recorded)
3. Premium expense $3,400 (42,500 × 10% × $0.80)
To Premium inventory $3,400
(Being premium expense is recorded)
4. Premium expense Dr $2,216
To premium liability $2,216
(Being premium expense is recorded)
Working note
= (117,000 × 60%) - (42,500) × 0.10 × 0.80
An owner of a corporation is known as a ___________ Group of answer choices limited partner general partner director stockholder
Answer:
Stockholder.
Explanation:
A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.
This ultimately implies that, a corporation is a corporate organization that owns or controls its business in two or more countries.
Some examples of multinational firms are Ap-ple, Volkswagen, G-oogle, Shoprite, Nestlé, Accenture, Shell BP, Chevron etc.
Hence, an owner of a corporation is known as a stockholder.
A methods and measurement analyst wants to develop a time standard for a certain task. In a preliminary study, he observed one worker perform the task six times with an average observed time of 20 seconds and a standard deviation of 2 seconds. What is the standard time for this task if the employee worked at a 20 percent faster pace than average, and an allowance of 25 percent of the workday is used
Answer:
32 seconds
Explanation:
According to the scenario, computation of the given data are as follows,
Average observed time = 20 seconds
so, if the employee worked at 20% faster pace, then
Performance rating = 1.20
So, Normal time = 20 seconds × 1.20 = 24 seconds
Here, Allowance = 25%
Now, we can calculate the standard time by using following formula,
Standard time = Normal time ÷ ( 1 - Allowance)
By putting the value, we get
Standard time = 24 seconds ÷ ( 1 - 0.25)
= 24 ÷ 0.75
= 32 seconds
The owners of Flight 001 encourage employees to make decisions themselves when they feel confident that they can make an effective decision. This practice increases
Answer:
Employee self esteem and personal development
Explanation:
The owners of the company "Flight 001" encourage employees to make decisions by themselves whenever they feel confident that it's going to be an effective decision.
This practice will increase self development in each worker. Trusting them to make the right decisions or moves will also boost their self esteem. They will be propelled to think well before making moves (since they'll be solely responsible for their decisions) and to do more research to gain direction each time.
Answer: the sense of responsibility and authority the employees feel
Explanation: got it right on engage
A company is considering the purchase of a new machine for $55,000. Management predicts that the machine can produce sales of $16,700 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $7,300 per year including depreciation of $4,700 per year. Income tax expense is $3,760 per year based on a tax rate of 40%. What is the payback period for the new machine
Answer:
5.32 years
Explanation:
Particulars Amount
Sales $16,700
Less: Expenses $7,300
Profit before tax $9,400
Less: income tax $3,760
Net income $5,640
Add: Depreciation $4,700
Annual Cash flow $10,340
So, the payback period for the new machine = Total investment/Annual cash flow = $55,000 / $10,340 = 5.319148936170213 = 5.32 years
Livingston Co. has a subsidiary in Korea. The subsidiary reinvests half of its net cash flows into operations and remits half to the parent. Livingston's expected cash flows from domestic business are $100,000 and the Korean subsidiary is expected to generate 100 million Korean won at the end of the year. The expected value of won is $.0012. What are the expected dollar cash flows of Livingston Co.? Group of answer choices $100,000 $160,000 $200,000 $60,000
Answer:
$160,000
Explanation:
The computation of the expected dollar cash flows is given below:
Cash Flow arise from the domestic business is
= $100,000
And,
Cash flow from korean subsidiary is
= 50% × (100,000,000 × $0.0012)
= $60,000
Total Expected Cash Flows is
= $100,000 + $60,000
= $160,000
Why is the relational approach to leadership useful for leading sustainability in an organisation? Please indicate 3 reasons.
Answer:
The understanding including its context has been explained throughout the explanation segment elsewhere here.
Explanation:
The relational leadership style wants to replicate the understanding that organizational culture ultimately resulted from those throughout the actions including its exemplary entrepreneur with either the perspective that leadership moves away from relations between people, gatherings. Relational leadership acknowledges that perhaps the performance of the connections clients construct seems to be the surprise to relevance and success.This methodology takes time to build as well as accomplish the goals of organizations, requirements, standards of practices, and so much more. Relational leadership could sometimes be extremely successful, especially whether it is accurate, caring, and compassionate, strengthened by hand movements of companionship but instead embodied mostly in the cultural values of an organization.Suppose a country's real GDP is $14 trillion and the population is 200 million. Instructions: Enter your answers as a whole number. a. What is this country's real GDP per capita
Answer:
700,000
Explanation:
Real GDP per capita is a measure of the standard of living of the population of a country.
Real GDP per capita = real gdp / population
$14 trillion / 200 million = 700,000
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.
Digital designers need what kind of skills:
A.
Network administration
B.
Artistic skills
C.
Communication skills
D.
Teamwork
Answer:
C. Communication skills
Answer:
Its (C)
Explanation:
If unit 1 requires 200 hours to produce and the labor records for an Air Force contract of 50 units indicates an average labor content of 63.1 hours per unit, what was the learning rate? What total additional number of labor-hours would be required for a follow-on Air Force contract of 50 units? What would be the average labor content of this second contract? Of both contracts combined? If labor costs the vendor $10/hour on this second contract and the price to the Air Force is fixed at $550 each, what can you say about the profitability of the first and second contracts, and hence the bidding process in general?
Answer:
Answer is explained in the explanation section below.
Explanation:
Solution:
We are given that, it takes 200 hours to produce unit 1.
And we also know that the average time taken to produce the first 50 units, it takes 63.1 hours per unit.
Total Time Taken for first 50 units will be:
63.1 x 50 = 3,155 hours.
Now, if we calculate the cumulative time taken to produce first 50 units with respect to time taken to unit 1, we get:
[tex]\frac{3,155}{200}[/tex] = 15.78
So, now we can check the learning rate from the cumulative learning curve values table for 50 units and corresponding 15.78 value, we get 75%.
So, Learning rate is 75% for first 50 units production.
Now, for the second contract, total number of units to be produced are 100 units. So, again, with the help of cumulative learning curve values table, we can check the amount of cumulative time taken with respect to the production time of first unit against the learning rate of 75%.
Check the 100 units value in the 75% column, we get 24.18
So, now we can calculate the total time taken to produce 100 units:
24.18 x 100 = 4836 hours.
Now, the extra time required for the second 50 units production is the difference between the total time of 100 units and first 50 units.
4836 - 3155 = 1681 hours
From this value, we can calculate the average amount labor content per unit taken for the second contract.
1681/50 = 33.62 hours/unit.
And Combined Average amount of both contracts will be:
4836/100 = 48.36 hours/unit.
Cost Calculation:
With the help of above values, we can calculate the total cost of both the projects.
Second Contract Total cost = 1681 x $10 = $16810
Similarly for Contract one = 3155 x $10 = $31,550
Now,
Profit from the Second Contract:
($550 x 50) - $16,810 = $10,690
Similarly, for the first contract:
($550 x 50) - $31,550 = -$4,050 (Loss)
Hence, we can see the profits from the second contract is higher and it is feasible to fix the labor cost of first contract at:
[tex]\frac{550 . 50}{3155}[/tex] = $8.71/hr to escape from the losses of the first contract.
Sheffield Company purchases equipment on January 1, Year 1, at a cost of $570,000. The asset is expected to have a service life of 12 years and a salvage value of $51,300. Compute the amount of depreciation for each of Years 1 through 3 using the double-declining-balance method.
Answer:
Year 1 = $949,620
Year 2 = $79,141
Year 3 = $65,956
Explanation:
The depreciation expense for the year using the double-declining-balance method is calculated as :
Depreciation Expense = 2 x SLDP x BVSLDP
where,
SLDP = 100 ÷ number of useful life
= 100 ÷ 12
= 8.33 %
therefore,
Year 1
Depreciation Expense = 2 x 8.33 % x $570,000
= $94,962
Year 2
Depreciation Expense = 2 x 8.33 % x ($570,000 - $94,962)
= $79,141
Year 3
Depreciation Expense = 2 x 8.33 % x ($570,000 - $94,962 - $79,141)
= $65,956
A provider of an index fund most likely uses a sampling replication procedure to track the index in order to
Answer:
A provider of an index fund most likely uses a sampling replication procedure to track the index in order to:
reduce transaction costs.
Explanation:
The reduction of transaction costs is at the core with index fund providers. An index fund is described as a mutual fund or an exchange-traded fund (ETF). The portfolio of the index fund is constructed to match or track the components of a financial market index, for example, the S&P 500 index. It has been noted that these funds follow their benchmark index without regard to the state of the exchange market.
Reason why sampling replication procedure is been utilized by provider of an index when tracking the index is to : reduce transaction costs.
An index fund can be regarded as investment that are responsible for tracking of a market index.This index contains stocks or bonds. However, when carrying out this tracking sampling replication procedure are usually preferred by them because it saves their money, it reduces cost .Learn more at:
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Golding Bank provided the following data about its resources and activities for its checking account process: Resources ActivitiesTime per Unit Activity Driver Supervision$68,000 Processing accounts0.20 hr. No. of accounts Phone and supplies82,000 Issuing statements0.10 hr. No. of statements Salaries224,000 Processing transactions0.05 hr. No. of transactions Computer22,000 Answering customer inquiries0.15 hr. No. of inquiries Total396,000 Total check processing hours22,000 (practical capacity) Required: 1. Calculate the capacity cost rate for the checking account process. Round your answer to the nearest cent
Answer:
Please see below
Explanation:
The question above is incomplete. See concluding parts
2. Calculate the activity rates for the four activities . Round your answers to the nearest cent. Processing account per account issuing statement processing transactions per enquiry. If the total number of statement issued was 20,000 calculate the cost of the issuing statements activity.
1. Capacity cost rate
= Total resources / Total checking processing hours
= $396,000 / 22,000
= $18 per hour
2. Calculate the activity rates for the four activity. Round your answers to the nearest cent.
Processing accounts
= 0.20 × $18 = $3.6 per account
Issuing statements
= 0.10 × $18 = $1.8 per statement
Processing transactions
= 0.05 × $18 = $0.9 per transaction
Answering inquiries
= 0.15 × $18 = $2.7 per inquiry
If the total of issuing statement was 20,000 calculate the cost of issuing the issuing statement activity
Issuing statement
= 20,000 × $1.8
= $36,000
