Answer: situational analysis
Explanation:
which of the following statements are correct regarding the history of the u.s. personal income tax (choose all the correct answers)? multiple select question. the income tax was once ruled unconstitutional. the first personal income tax was enacted to fund the spanish-american war. the 16th amendment to the u.s. constitution gives congress the power to assess income tax on individuals. the first personal income tax contained a very high marginal tax rate.
The correct statements are:The income tax was once ruled unconstitutional. The 16th Amendment to the U.S. Constitution gives Congress the power to assess income tax on individuals. The first personal income tax contained a very high marginal tax rate.
An income tax is levied by the federal government of the United States and most state governments. Applying a tax rate to taxable income, which is the entire income less permissible deductions, yields the results, which may rise as income rises. Income is a wide concept.
There are seven federal income tax bands for the 2022 tax year: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Your filing status and taxable income define your tax bracket. Citizens and residents of a United States were subject to tax on their international income. Non-resident aliens must pay taxes on their income from the US and income that is inextricably linked to a US trade or enterprise (with certain exceptions). Non-resident aliens are not permitted to benefit from the combined return rates or the head of household status.
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a community festival organizes a fundraiser for their local park. they sold 25,000 tickets at $20 each. the grand prize is $5,000. there are two prizes valued at $2,000, three prizes valued at $1,000, five prizes of $500, and ten prizes of $100. what is the expected value of this raffle? round to the nearest cent. do not round until the final calculation.
The expected value of this Raffle for a community festival is $0.62.
What is expected value?Expected value is a concept in probability theory that measures the average outcome of a random variable. It is a predicted outcome of a random event, based on the probabilities of the possible outcomes. It is calculated by multiplying the probability of each possible outcome by the corresponding value, and then summing the results. The expected value provides a measure of the long-term average outcome of a random event, which can be useful in decision-making, risk assessment, and financial analysis. For example, a gambler can use expected value to determine whether a bet is profitable or not. In business, expected value can be used to evaluate investment opportunities, estimate project costs, and assess the potential risks and rewards of different strategies.
Total amount of money=25,000 tickets x $20/ticket = $500,000
Grand prize of $5,000: 1/25,000
Prizes valued at $2,000: 2/25,000 (
Prizes valued at $1,000: 3/25,000
Prizes valued at $500: 5/25,000
Prizes valued at $100: 10/25,000
Expected value= ($5,000 x 1/25,000) + ($2,000 x 2/25,000) + ($1,000 x 3/25,000) + ($500 x 5/25,000) + ($100 x 10/25,000) - ($500,000/25,000)
= $0.20 + $0.16 + $0.12 + $0.10 + $0.04 - $20
= $0.62
Therefore, the expected value of the raffle is $0.62.
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organizational buying behavior the consumer purchase decision process.multiple choice question.
The decision-making process that organizations use to establish the need for products and services and identify, evaluate, and choose among alternative brands and suppliers.
What is decision-making ?In psychology, choosing a belief or a plan of action from among multiple potential alternative possibilities is considered to be the product of a cognitive process. It could be unreasonable or rational, depending.
The process of creating decisions is a form of reasoning that is predicated on the values, preferences, and beliefs of the decision-maker. Every process of decision-making results in a final conclusion, which may or may not lead to action.
In particular in European psychology research, research on problem-solving is published alongside research on decision-making.
Making decisions can be seen as a problem-solving process that results in an optimal, or at least acceptable, answer. The contact with the environment is seen as a continuous process that includes decision-making.
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suppose the government places a $500 tax on luxury cars. if the demand curve for luxury cars were perfectly inelastic, the price paid by consumers will rise by
If the demand curve for luxury cars is perfectly inelastic. The price paid by consumers will rise by the full amount of the tax.
The price increase is not expected to reduce the quantity demanded, as consumers are not sensitive to price changes.
If the demand curve for luxury cars is perfectly inelastic, it means that consumers are not very responsive to changes in price, and they will continue to buy the same quantity of luxury cars even if the price increases. In other words, if the price of a luxury car was, say, $60,000 before the tax, it will now be $60,500 ($60,000 + $500 tax) after the tax is imposed. Consumers will continue to buy the same amount of luxury cars at the new price, and they will bear the full burden of the tax. The producers of luxury cars will not be affected by the tax because the quantity demanded does not change, and they will simply pass the entire tax on to the consumers in the form of a higher price.
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Suppose the government places a $500 tax on luxury cars. if the demand curve for luxury cars were perfectly inelastic, the price paid by consumers will rise by___________?
what term describes an organization's use of an outside company for a broad set of services? multiple choice question. recruiting downsizing outsourcing offshoring
The correct option is C. outsourcing is a business practice in which a company hires a third party to perform tasks, handle operations, or provide services for the company.
Outsourcing is an agreement in which one corporation hires any other business enterprise to be accountable for a planned or present hobby that otherwise is or can be executed internally, i.e. in-residence, and on occasion includes moving personnel and assets from one company to another.
The term outsourcing, which came from the phrase doors resourcing, originated no later than 1981. The idea, which The Economist says has "made its presence felt since the time of the second one global conflict", regularly includes the contracting of a business technique (e.g., payroll processing, claims processing), operational, and/or non-center capabilities, such as production, facility control, name middle/call middle guide.
The practice of turning in the management of public offerings to non-public firms (privatization), despite the fact that performed on a restrained, quick-time period basis, can also be described as outsourcing.
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if the company raises its selling price to $400 per unit. 1. compute hudson company's contribution margin per unit. 2. compute hudson company's contribution margin ratio. 3. compute hudson company's break-even point in units. 4. compute hudson company's break-even point in sales dollars.
As per the information provided in the question based on the selling price, the results related to Hudson Company's contribution will be:
It is given that,
Per unit selling price = $400
Per unit variable cost = $300
Fixed cost = $6,60,000
1. To calculate company's contribution margin per unit:
Contribution margin= selling price - unitary variable cost
Contribution margin= 400 - 300= 100
2. To find the company's contribution margin ratio.
Contribution margin ratio= contribution margin/selling price
Contribution margin ratio= 100/400= 0.25
3. To determine the break-even point in units:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 660,000/100
Break-even point in units= 6,600
4. To compute the break-even point in sales dollars:
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point = 660,000/0.25
Break-even point = $2,640,000
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Note that the full question is:
Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,100 units at $375 each) Variable costs (11,100 units at $300 each) Contribution margin Fixed costs Pretax income $4,162,500 3,339,000 832,509 660,000 172,500 If the company raises its selling price to $400 per unit. 1. Compute Hudson Co's contribution margin per unit. 2. Compute Hudson Co.'s contribution margin ratio. 3. Compute Hudson Co.'s break-even point in units. 4. Compute Hudson Co.'s break-even point in sales dollars.
a country that imports more goods than it exports experiences a multiple choice current account surplus. first-mover advantage. factor endowment. late-mover advantage. trade deficit.
A country experiences a trade balance, not really a current account surplus, when it imports so much goods than it exports.
An import example is what?Any good that is produced abroad and afterwards brought into another nation is an import. For instance, if a Belgian business produces chocolate and sells it in the US, that would be considered an import from the American point of view.
What do goods import and export mean?Offering services and goods to another country is the operation of exporting. The act of sourcing involves purchasing products from abroad as well as wishing to bring them into one's own country. Imported and exported goods are both a part of global trade.
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in its 1st year of operation, jetway airlines paid salaries expense of $40 million. on december 31, it recorded an entry for additional salaries expense of $2 million that will be paid at the beginning of the 2nd year. what should jetway report in the income statement and balance sheet for its first year ended december 31?
The $2 million entry to record the increased wages expenditure will be recognised on the balance sheet as a current obligation at December 31, when the expenditure is paid in the second year.
What is an income statement?A financial statement that reports a company's financial success over a certain accounting period is known as an income statement. It displays a company's revenue, costs, and net income for the specified time period. One of the three basic financial statements used to analyse a company's financial status is the income statement.
The entry of $2 million to record the additional salaries expense that will be paid in the 2nd year will be recorded as a current liability on the balance sheet at December 31, as the expense has been incurred but not yet paid. This amount will be reported on the income statement in the 2nd year when the expense is paid.
Income Statement:
Salaries Expense: $42 million
Balance Sheet:
Accrued Salaries Payable: $2 million
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the theoretical model of the intertemporal budget constraint for the u.s. economy as a whole suggests that the most common pattern seems to be that:
Option B. the quantity of savings doesn't adjust/compromise much to changes in the rate of return.
A theoretical model is a framework created by a researcher to structure the research process and plan how to approach a particular research request.
This allows you to define your research objectives and develop an informed perspective. Building a theoretical model typically involves analyzing technical literature such as previous research studies and journal articles.
Researchers often include statements of theoretical models at the beginning of dissertations or similar documents to give the reader more context.
A theoretical model is a key component of a successful research project. Scholars and other experts often include theoretical models to frame arguments and support the interpretive process.
It is important to acquire a basic knowledge of them so that you can decide which aspects are useful to include in your research.
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Complete question:
The theoretical model of the intertemporal budget constraint for the U.S. economy as a whole suggests that the most common pattern seems to be that:
A. the quantity of savings automatically adjusts to changes in the rate of return.
B. the quantity of savings doesn't adjust much to changes in the rate of return.
C. the result of a higher rate of return is a higher quantity of saving.
D. the result of a lower rate of return is a lower quantity of saving.
The above figure shows the market for winter jackets. In an effort to keep the nation warm, the president places a price ceiling of $100 in the market for winter jackets. What is the highest price you would expect to be paid for a jacket in the black market for jackets created by the price ceiling? (Your answer should be in thousands, e.g. put 500, not 500,000).
A price ceiling is a legal maximum price that can be charged for a good or service.
In the case of winter jackets, if the president sets a price ceiling of $100, then no seller can charge more than $100 for a jacket. This could lead to a shortage of winter jackets, as the price may be below the market equilibrium price, which is the price at which supply and demand are balanced.To meet the demand for jackets, suppliers may resort to other means to sell their products, such as selling jackets in a black market. A black market is an illegal market where goods are sold at a price higher than the legal price ceiling. The price of jackets in the black market would depend on the demand for jackets and the cost of production, which may be higher due to the illegal nature of the transaction.The highest price one would expect to be paid for a jacket in the black market depends on various factors, such as the demand for jackets, the cost of production, and the level of enforcement against the black market.
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in the current calendar year, gina has had a strong year and brought in 3.5 million dollars of investments for smith/blackwell. which dimension of trustworthiness does this most help her build?
In the current calendar year, Gina has had a strong year and brought in 3.5 million dollars of investments for smith/Bracknell. Ability dimension of trustworthiness does this most help her build.
What is investments?An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments. The investment is the benefit of the future. The investment are the share and the mutual funds, or banks are to save the money also the large interest on the money.
According to the Gina has had an intense year and bring forward in 3.5 million dollars of investments for smith/Bracknell. It was the ability dimension of trustworthiness was the build.
As a result, the significance of the investment are the aforementioned.
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michael owns a small plane that he flies on weekends. his insurance agent informs him that aircraft are excluded as personal property under his homeowners policy. as an insured, he feels that his plane should be covered just like any other personal property he owns. explain to michael the rationale for excluding certain types of property, such as aircraft, under the homeowners policy. explain some additional reasons why exclusions are present in insurance contracts.
Exclusions are present in insurance contracts to help insurers manage risk and maintain affordability, encourage risk reduction. For high-risk assets such as aircraft, separate insurance policies are often necessary to provide adequate coverage.
Due to the high-risk nature of these assets, insurance companies often have separate policies designed specifically for aircraft. These policies typically provide broader coverage for the aircraft itself, as well as liability coverage for injuries or damages that may occur during operation.
Exclusions are present in insurance contracts for various reasons, including:
To limit the insurer's liability: Exclusions help insurers limit their exposure to risk and ensure that they are only responsible for covered losses. Without exclusions, the insurer would be responsible for paying out claims for all types of losses, regardless of the risk level.To maintain affordability: Exclusions allow insurers to offer more affordable insurance premiums by excluding high-risk assets or events that are less likely to occur. This helps to make insurance more accessible to a wider range of customers.To encourage risk reduction: Insurance policies often include exclusions for losses that could be prevented through risk reduction measures, such as regular maintenance or safety precautions. By excluding losses that could have been prevented, insurers encourage their policyholders to take proactive measures to reduce their risk exposure.To comply with regulations: Insurance companies must comply with state and federal regulations, which may require certain exclusions in insurance policies. For example, some states may require insurers to exclude coverage for certain natural disasters or other events.For more such questions on Property
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if the only change a firm has is an increase in its direct labor costs, its overhead costs increase. conversion costs increase. conversion costs decrease. overhead costs decrease.
It's not always the case that a company's overhead expenses or conversion costs will rise or fall if its direct labour costs rise.
A rise in direct labour expenses will result in an increase in conversion costs, which are the sum of the costs of direct labour plus overhead. However, the effect on overhead costs depends on a number of variables, including the type of the rise in direct labour expenses (for example, a wage increase or improved productivity), the firm's total cost structure, and the effectiveness of its cost management system. Overhead expenses may rise as well if efficiency improvements or cost savings in overhead costs do not compensate for the rise in direct labour costs. However, it may be feasible for overhead costs to drop even with an increase in direct labour costs if the company is able to control its expenses properly.
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a catering company manager is proposing the purchase of a new van to enable the company to handle more deliveries. she is working on .
a catering company manager is proposing the purchase of a new van to enable the company to handle more deliveries. she is working on capital expenditure budget.
An expenditure budget is a financial plan that outlines the expected costs or expenses that an organization or business will incur over a specific period. The budget helps organizations to allocate their resources, set financial goals, and make informed decisions regarding their expenses. Typically, expenditure budgets are prepared annually and are based on the organization's strategic goals and objectives. The budget includes categories such as salaries, office rent, utilities, marketing, equipment, and supplies. By setting expenditure budgets, organizations can better control their spending and reduce the risk of overspending or running out of resources funds. Expenditure budgets can be used as a basis for performance evaluation, helping organizations to assess their financial performance against their goals and objectives. Proper management of expenditure budgets is essential for an organization's long-term sustainability and growth.
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one explanation for the leontief paradox is that the us has an advantage in exporting goods made with multiple choice question. more capital investment. innovative technologies. low-cost labor. imported parts.
One explanation for the Leontief paradox is that the US has an advantage in exporting goods made with innovative technologies.
A country with a larger capital per worker has a lower capital/labor ratio in exports than in imports, which is known as Leontief's paradox in economics. Wassily W. Leontief's attempt to experimentally test the Heckscher-Ohlin theory led to this econometric conclusion.
Factor intensities are reversed in the production of a commodity if it is produced by a labor-intensive process in the nation with a high labor force and also by a capital-intensive process in the nation with a high capital base. As an illustration, agriculture in the US requires more money than it does in India.
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What are the requirements for drawing unemployment benefits in Missouri?
You must either quit with good reason linked to the job or the employer OR lose your unemployment through no fault of your own. Earn at least $2,250 from an insured employer throughout your base period.
At least $1,500 during one of the calendar quarters and at least $750 throughout the rest of the year. Each week, you must be capable of working and available. This indicates that you are healthy and have no personal issues that would prevent you from working a full-time schedule. Benefits for unemployment may not be granted if a job offer is rejected.
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a zero-coupon bond is selling at a discount price of $420, and its time to maturity is 14 years. if the yield to maturity of the bond is 6.4%, what is the duration of the bond? 10 years 14 years 7 years 5 years
The duration of a zero-coupon bond is equal to its time to maturity. Therefore, the duration of the bond is 14 years, which makes option B the correct answer.
Duration is an important concept in fixed-income investments as it helps to estimate the sensitivity of the bond's price to changes in interest rates. A bond with a longer duration is more sensitive to changes in interest rates than a bond with a shorter duration. Therefore, investors who are more concerned with interest rate risk would prefer to invest in bonds with shorter durations.
In the case of a zero-coupon bond, the bondholder does not receive any coupon payments during the life of the bond. Instead, the bond is sold at a discount to its face value and the investor receives the face value at maturity. The yield to maturity is the rate of return that the investor will earn if the bond is held until maturity.
Complete question:
a zero-coupon bond is selling at a discount price of $420, and its time to maturity is 14 years. if the yield to maturity of the bond is 6.4%, what is the duration of the bond?
A - 10 years
B - 14 years
C - 7 years
D - 5 years
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morris company applies overhead based on direct labor costs. for the current year, morris company estimated total overhead costs to be $428,000, and direct labor costs to be $2,140,000. actual overhead costs for the year totaled $401,000, and actual direct labor costs totaled $1,870,000. at year-end, the balance in the factory overhead account is a: multiple choice $428,000 credit balance. $374,000 debit balance. $401,000 debit balance. $27,000 credit balance. $27,000 debit balance.
$27,000 credit balance. True direct labour costs for the year came to $1,870,000, while actual overhead costs came to $401,000. The manufacturing overhead account has a $27,000 credit balance at year's end.
This is how the predefined overhead rate is determined:
Estimated Total Overhead Costs / Estimated Total Direct Labor Costs = Predetermined Overhead Rate
Predetermined Overhead Rate is equal to 428,000/2,140,00, which is 0.2.
We can compute the overhead added to real direct labour expenses using the specified overhead rate:
Overhead Applied = Actual Direct Labor Costs x Predetermined Overhead Rate
Applying overhead equals 0.2 x $1,870,000, or $374,000.
The following formula is used to determine the manufacturing overhead account's balance:
Actual overhead costs minus applied overhead equal the balance, which is $27,000.
As a result, there is a $27,000 credit balance in the manufacturing overhead account. The answer is a credit balance of $27,000.
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Today, Courtney wants to invest less than $5,000 with the goal of receiving $5,000 back sometime in the future. Which one of the following statements is correct?A.The period of time she has to wait until she reaches her goal is unaffected by thecompounding of interest.B.The lower the rate of interest she earns, the shorter the time she will have to wait to reach hergoal.C.She will have to wait longer if she earns 6 percent compound interest instead of 6 percentsimple interest.D.The length of time she has to wait to reach her goal is directly related to the interest rate sheearns.E.The period of time she has to wait decreases as the amount she invests today increases.
The correct statement is D. The length of time Courtney has to wait to reach her goal is directly related to the interest rate she earns. This is because the higher the interest rate, the faster her investment will grow, and the less time she will need to reach her $5,000 goal.
Conversely, a lower interest rate will mean slower growth and a longer time required to reach her goal. Statements A and E are incorrect because the period of time required to reach the goal is affected by both the interest rate and the amount invested. Statement B is also incorrect because a lower interest rate will mean slower growth and a longer time required to reach her goal, not a shorter time. Statement C is also incorrect because compound interest will actually result in faster growth than simple interest, which means she will have to wait less time to reach her goal if she earns 6% compound interest instead of 6% simple interest.
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which phase of a process that involves asking parents to identify goals they have for collaborative relationships and activities that may be used productively to accomplish these goals helps to answer questions such as these: are we following through with our plan? is our plan doing a good job of addressing our needs?
One approach that uses the student's dominant language along with English for educational purposes is bilingual education.
Cooperative learning Activities that require students to work together to solve a problem or achieve a goal. Positive Interdependence, Positive Interaction, Individual and Group Responsibility, Interpersonal Skills, Group Processing,Student Team Achievement Division Puzzle. Communicative Language Teaching (CLT) or the Communicative Approach (CA).The five basic elements required in any cooperative learning lesson are positive interdependence,individual responsibility, fostering interaction,social skills, and group processing. study objective.Communicative language teaching approach.The main goal of this approach is to focus on teaching communicative functions rather than forms learners must be able to convey their meaning clearly and must be able to function in the target language.
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under ifrs, if the revaluation option is chosen, the excess of the fair value of property, plant and equipment over its book value is reported as
Under IFRS, if the revaluation option is chosen, the excess of the fair value of property, plant and equipment over its book value is reported as a revaluation surplus in equity.
Under IFRS, companies have the option to choose between the cost model and the revaluation model to account for their property, plant and equipment. If the revaluation model is chosen, the assets are revalued to their fair value at regular intervals. The excess of the fair value of the asset over its book value is reported as a revaluation surplus in equity.
Inferring that it is not declared on the income statement, the excess is thus put in the equity section of the balance sheet rather than the income statement. The amount of the original revaluation loss on the same asset must not be exceeded by the amount of the revaluation surplus before it can be given to shareholders as dividends.
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this is the o'donnells' monthly budget.living expensesfixed expensesannual expensesincomefood $467mortgage $489home insurance $146$1720transportation $175car payment $107car insurance $780 household $194savings $35life insurance $150 personal $124contingency $30vacation $700 what are the total fixed expenses?
The total fixed expenses are $49 per month must be the cut.
What are fixed expenses?Fixed expenses are regular expenses that do not vary with changes in the level of production or sales. These expenses are also known as overhead expenses and are usually incurred for the smooth running of a business. Examples of fixed expenses include rent, salaries and wages of employees, insurance premiums, property taxes, and lease payments. These expenses are typically paid on a regular basis, such as monthly or annually. Unlike variable expenses, fixed expenses are not influenced by the level of sales or production of a business. Fixed expenses can be important to consider when determining the breakeven point for a business or when creating a budget. Understanding and managing fixed expenses can help a business to operate more efficiently and effectively.
Living expenses = $467+$175+$194+$124 = $960
Fixed expenses = $489+$107+$35+$30 = $661
Total = $960+$661 =$1,621
Income minus total expenses per month = $1720-$1,769 = -$49
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you recently accepted a new job and your first day is next week. what form will you have to complete before you receive your first paycheck?
A W-4 tax form will you have to complete before you receive your first paycheck.
What is a paycheck?A paycheck is defined as the mode of payment that the person reviews who is employed. He is the one who gets the amount. In that, the for the services that he has rendered and the amount is to be paid to him.
This form is provided to determine the information to talk that how many wages are to be played. This form is also known as the Employee withholding certificate form. Employees need to provide some evidence to make sure that the information that you have provided in the form is correct.
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treasury stock was acquired for cash at a price in excess of its par value. the treasury stock was subsequently reissued for cash at a price in excess of its acquisition price. assuming that the cost method of accounting for treasury stock transactions is used, what is the effect of the subsequent reissuance of the treasury stock on each of the following? additional paid-in capital retained earnings total equity additional paid-in capital increase retained earnings increase total equity increase additional paid-in capital decrease retained earnings decrease total equity no effect additional paid-in capital increase retained earnings no effect total equity increase additional paid-in capital no effect retained earnings no effect total equity no effect
When treasury stock is acquired for cash at a price in excess of its par value, the excess amount is typically recorded in a separate account called "Additional Paid-in Capital."
The effect on total equity would be a decrease by the amount of cash paid for the treasury stock, and an increase in the Additional Paid-in Capital account.
When the treasury stock is subsequently reissued for cash at a price in excess of its acquisition price, the amount received in excess of the acquisition price is recorded as an increase to both cash and Additional Paid-in Capital accounts. The effect on total equity would be an increase by the amount of cash received in excess of the acquisition price, with no effect on retained earnings.
Therefore, the effect of the subsequent reissuance of the treasury stock would be an increase in Additional Paid-in Capital and an increase in total equity, with no effect on retained earnings. The correct answer to the question is: additional paid-in capital increase, retained earnings no effect, total equity increase.
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As a business accumulates more
debt, interest expense will increase.
This specific example demonstrates
how the income statement is linked
with
A. Assets
B. Accounts Receivable
C. Shareholder's Equity
D. Liabilities
Answer:
The correct answer is D. Liabilities.
Explanation:
As a business accumulates more debt, its liabilities increase, resulting in an increased interest expense on the income statement.
no one could turn around a failing restaurant as expertly as michael, whose experience and cadre of trained professionals was available at a moment's notice should his services be needed. this ability, some might call it a gift, was developed to such a level that other restaurant consultants were unable to match his results. this ability is best described as his: group of answer choices operations and supply chain strategy. business strategy. core competency. mission statement.
The term "core competency" refers to a unique capability or expertise that an individual or organization possesses that sets them apart from their competitors.
It is a key strength or advantage that can be leveraged to achieve business success. In the sentence provided, Michael's ability to expertly turn around failing restaurants is described as a core competency. This suggests that he has developed a unique set of skills, knowledge, and experience in this particular area of restaurant consulting that other consultants are unable to match.
Core competencies can be a major source of competitive advantage, as they allow individuals or organizations to differentiate themselves from their competitors and provide superior value to their customers. For Michael, his core competency in turning around failing restaurants is likely a key factor in his success as a restaurant consultant. It is what sets him apart from other consultants and allows him to deliver exceptional results for his clients.
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when we use the absolute values in the elastic range of the demand curve, we observe that: multiple choice question.
The correct option is C. using absolute values in the elastic range of the demand curve % change in quantity demanded > % change in price.
In economics, the demand curve is a graphical representation of the relationship between the price of a product and the quantity of that product demanded by consumers. The demand curve shows the relationship between price and quantity demanded and is typically downward sloping, indicating that as the price of a good or service increases, the quantity demanded decreases.
In economics, demand is the amount of a good or service that consumers are willing and able to purchase at a given price, over a specific period of time. The demand curve is useful to businesses, as it allows them to predict how much of their product will sell at different price points. Similarly, policymakers can use demand curves to understand the impact of different taxes or subsidies on consumer behavior.
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Complete Question:
using absolute values in the elastic range of the demand curve:
A. % change in quantity demanded < % change in price.
B. % change in quantity demanded = % change in price.
C. % change in quantity demanded > % change in price.
a. how did milton friedman alter the consensus that had developed in the aftermath of the great depression on how the economy should be managed?
Milton Friedman was a famous economist and public figure around the 20th century. He was a supporter of the free market around the world particularly in the United States of America.
Milton Friedman alter the consensus that had developed in the aftermath of the great depression by supporting the idea of the free market and less government intervention in the market controlling system. His idea was against the basic notion of greater control of the government in the market and deciding the price of goods.
One of its key contributions of Milton was the concept that inflation is mainly a monetary phenomenon and it can be controlled by managing the money supply in the market. In summary, Friedman's idea of controlling inflation and reducing government intervention was to contrast the consensus that had developed in the aftermath of the great depression.
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in developing leadership skills, one should focus on authentic leadership. the theory of authentic leadership focuses on various factors. what is the top priority in development of authentic leadership?
In developing leadership skills, one should focus on authentic leadership. the theory of authentic leadership focuses on various factors. Honest relationships is the top priority in development of authentic leadership .
What authentic leadership means?
When people operate in a real, sincere, and sincere manner that is true to who they are as individuals, it is referred to as authentic leadership. Those who advocate for real leadership claim that this kind of leadership is best suited to encourage employees to show loyalty, trust, and good performance.
Why is true leadership so crucial? What is it?
When a leader's actions and words, regardless of the circumstance, demonstrate a distinct and constant set of values, that is authentic leadership.
When change and transition are present, when collaboration, participation, and trust are crucial, this leadership style is especially advantageous.
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fill in the blank question. department c had direct materials eup cost of $4.00 and conversion eup cost of $2.50. if the department had 38,000 units completed and transferred to the next department, their cost of units completed for direct materials is
Department c had direct materials eup cost of $4.00 and conversion eup cost of $2.50. if the department had 38,000 units completed and transferred to the next department, their cost of units completed for direct materials is $1,52,000.
What do direct and indirect materials mean?Many distinct goods involve raw materials, which occur in a variety of sizes and shapes. Raw materials are the stocks or input goods that a business requires to produce its goods. An automobile company, for illustration, would employ steel used in the construction of vehicles as a raw material. Detailed budgeting and an unique framework for accounting on the income statement and balance sheet are needed for manufacturing enterprises with raw materials inventory.
Cost of completed units for direct materials equals completed units and transferred *Direct material EUP cost, which is 38,000 * $4.00, or $1,52,000
They therefore paid $1,52,000 for the units they completed using direct materials.
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