A data set includes the counts of chocolate chips from three different types of Chips Ahoy cookies. The StatCrunch display shows results from analysis of variance used with those three types of cookies. Use significance level to test the claim that the three different types of cookies have the same mean number of chips.
Answers
We reject the null hypothesis at 5%. There is sufficient evidence to conclude that mean is different for at least one type.
How to explain the testThis is an ANOVA test. We use ANOVA test to test for the difference of more than 2 population means. Usually we can use the normal test/t-test for testing for the difference of two means.
We compare the variances between the treatments/ types and also within each treatment which is the error.
Here we have to compare means of difference types of cookies.
Null: The mean is same for all types.
Alternative: The mean is different for at least one type.
Test stat = MS(columns)/MS(error)
F-stat = 58.0097
p-value = 0.0000
Since p-value < 0.05
We reject the null hypothesis at 5%. There is sufficient evidence to conclude that mean is different for at least one type.
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Related Questions
3. Each time you sell a stock to make a profit, you must pay tax on the money you
make (the difference between the buying and selling price). This is called capital
gains tax. Do you think capital gains tax is a good idea? Why or why not? (10
points)
Answers
Capital Gains Tax from the perspective of public adminstration is a good idea.
Why is capital gains tax important?Capital gains are earnings obtained through the sale of an investment, such as stocks, bonds, or real estate. Capital gains taxes are lower than conventional income taxes, giving investors an edge over wage earners.
Capital gains taxes provide money for the government while accounting for economic costs.
Capital gains are taxed based on when they are realized. The conclusion is that the tax is only levied when investors opt to remove their investment from the market, resulting in capital gain.
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Which of these statements is false?(1 point)
Responses
Making extra payments can save you money in the long run.
Making extra payments can save you money in the long run.
The shorter the term of the loan, the more money you will pay in the long run.
The shorter the term of the loan, the more money you will pay in the long run.
The shorter the term of the loan, the higher the monthly payment will be.
The shorter the term of the loan, the higher the monthly payment will be.
Some loans impose penalties if you make extra payments.
Answers
The first two statements are true. Making extra payments on a loan can save you money in the long run because it reduces the amount of interest you will pay over the life of the loan. By paying down the principal balance more quickly, you will pay less in interest charges over time. The shorter the term of the loan, the more quickly you will pay off the loan and the less interest you will pay overall.
The third statement is also true. If you choose a shorter term for your loan, your monthly payments will be higher. This is because you are paying off the loan in a shorter amount of time, so you need to make larger payments each month to meet that goal.
The fourth statement is false, however. While it is true that some loans impose penalties for early repayment or extra payments, this is not always the case. It is important to read the terms of your loan agreement carefully to determine whether there are any penalties for making extra payments. Some loans may even offer incentives for paying off the loan early or making extra payments, such as reduced interest rates or fees.
Approximately what interest rate to the nearest whole percentage would you need to earn in order to turn $3500 into $7000 over 10 years?
Answers
Explanation:
answer in the photo ok????
Which statement below is true of phrases? 1. point(s) possible OA. They can stand alone because they have subjects OB. They cannot be connected to other phrases. and verbs. پر OC. They cannot stand alone because they are missing D. They can stand alone because they are comple a subject, a verb, or both. sentences.
Answers
The correct statement about phrases is that they cannot stand alone because they are missing a subject, a verb, or both. Therefore, the correct answer is C.
A phrase is a group of related words that function together in a sentence. However, unlike a sentence, a phrase does not express a complete thought and cannot stand alone as a sentence. Phrases lack a subject, a verb, or both, and therefore, they are dependent on other elements in the sentence to make sense.
For instance, "in the morning" is a phrase, but it cannot stand alone as a sentence because it lacks a verb. However, it can be used in a sentence such as "In the morning, I like to drink coffee."
Hence, phrases are important elements of sentences, but they cannot stand alone because they are incomplete and missing essential components such as a subject or a verb.
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In a well-developed explanation, explain how credit can be used appropriately
Answers
Credit is a financial tool that allows individuals and businesses to borrow money in exchange for a promise to pay it back with interest. When used appropriately, credit can be a useful tool to help achieve financial goals, such as purchasing a home, starting a business, or covering unexpected expenses. However, it's important to use credit responsibly to avoid falling into debt.
Here are some ways credit can be used appropriately:
Understanding Credit: To use credit appropriately, it's essential to understand how it works. You should know the terms of your credit agreement, including the interest rate, fees, and payment terms. Also, be aware of your credit score, which is a measure of your creditworthiness, as lenders use this to determine if you're eligible for credit and what interest rate you'll receive.
Creating a Budget: Before applying for credit, you should create a budget to determine how much you can afford to borrow. Your budget should include your income, expenses, and debts. This will help you avoid borrowing more than you can afford to repay.
Using Credit Wisely: To use credit appropriately, you should only borrow what you need and can afford to repay. You should also compare interest rates and fees from different lenders to find the best deal. When using a credit card, it's important to pay off the balance in full each month to avoid interest charges.
Making Payments on Time: Late payments can damage your credit score and result in additional fees and interest charges. To use credit appropriately, it's essential to make payments on time and in full. Setting up automatic payments or reminders can help you avoid missing payments.
Monitoring Your Credit: Regularly checking your credit report can help you detect any errors or fraudulent activity. It's also a good way to track your progress in improving your credit score.
In conclusion, credit can be a useful tool when used appropriately. Understanding credit, creating a budget, using credit wisely, making payments on time, and monitoring your credit are all important steps to use credit appropriately. By following these steps, you can use credit to achieve your financial goals without falling into debt.
Domain and Range Digital Escape! puzzle 3
Answers
A function/graph/relation's domain and range are defined as follows:
Domain: a collection of input values.Range: a collection of output values.What are a function's domain and range?The domain of a function is the set that contains all of the function/relation's potential input values; hence, it is made up of x values.
The range of a function is the set that contains all of the function/relation's potential output values; hence, it is made up of y values.
Because the problem is incomplete, the notions of domain and range are given and then applied to derive the domain and range.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Please define the terms
10) Translation exposure may also be called A) accounting B) transaction C) currency D) operating exposure.
Answers
Hello!
Translation exposure may also be called accounting exposure.
Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow: Sales are budgeted at $330,000 for November, $350,000 for December, and $340,000 for January. Collections are expected to be 80% in the month of sale and 20% in the month following the sale. The cost of goods sold is 70% of sales. The company desires an ending merchandise inventory equal to 70% of the cost of goods sold in the following month. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $21,300. Monthly depreciation is $21,100. Ignore taxes. Balance Sheet October 31 Assets Cash $ 22,100 Accounts receivable 83,100 Merchandise inventory 161,700 Property, plant and equipment (net of $595,000 accumulated depreciation) 1,005,000 Total assets $ 1,271,900 Liabilities and Stockholders' Equity Accounts payable $ 196,100 Common stock 630,000 Retained earnings 445,800 Total liabilities and stockholders' equity $ 1,271,900 Required: a. Prepare a Schedule of Expected Cash Collections for November and December. b. Prepare a Merchandise Purchases Budget for November and December. c. Prepare Cash Budgets for November and December. d. Prepare Budgeted Income Statements for November and December. e. Prepare a Budgeted Balance Sheet for the end of December.
Answers
Answer:
Part A: The month of November are $322,000 and the month of December is $319,000.
Explanation:
Deals done in November are expected to be paid for to the tune of 75% in November, followed by 20% in December, with 5% being uncollectible. Similar to how 20% of October's sales are collected throughout November.
Deals made in December must have 75% of the money collected in November. Additionally, 20% of November's sales are collected over the protracted month of December.
ACCOUNTING:-
How do we find out the Balance B/D in the credit section?
Answers
In accounting, the term "Balance B/D" typically refers to the Balance Brought Down, which represents the balance carried forward from the previous accounting period.
To find out the Balance B/D in the credit section, you would need to consider the following:
Obtain the financial statements: Retrieve the previous period's financial statements, including the balance sheet and the income statement.
Locate the previous period's credit balance: Look for the credit balance in the relevant accounts on the balance sheet. These accounts could include liabilities, equity accounts, or contra-asset accounts.
Analyze changes: Review any changes that occurred during the previous period in the accounts with credit balances. Determine whether there were any increases or decreases in these accounts due to transactions or adjustments.
Calculate the net change: Calculate the net change in the accounts with credit balances by subtracting any decreases from the increases. This will give you the overall change in the credit balances of these accounts.
Determine the Balance B/D: Add the net change to the previous period's balance. If the previous period's credit balance was zero, then the net change itself will be the Balance B/D in the credit section. However, if there was an existing credit balance, you would need to add the net change to that balance to find the Balance B/D in the credit section.
By following these steps, you can identify the Balance B/D in the credit section, which represents the credit balance carried forward from the previous accounting period.
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2. In a hurry to get his apartment complex painted, a homeowner hires three people he meets at the local home improvement store to do the work. Since they’re not professional painters, he provides all of the equipment and paint needed to do the work. While at the apartment complex, one of them breaks into an apartment, assaults the resident and steals a wallet.
Answers
Yes, The degree of responsibility the company holds in this scenario may be influenced by several factors, such as regional statutes and policies, as per legal specifications.
What is the business?Business liability depends on laws and regulations. Employees' actions can make businesses responsible. "liability or respondent superior holds employers responsible for employee actions within their employment scope.
Employers may be held liable if the employee committed the crime while on the job. thus it is liable and ask a layer for business's liability answers based on details of the case such as background checks, work assignments, and supervision.
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2. In a hurry to get his apartment complex painted, a homeowner hires three people he meets at the local home improvement store to do the work. Since they’re not professional painters, he provides all of the equipment and paint needed to do the work. While at the apartment complex, one of them breaks into an apartment, assaults the resident and steals a wallet.is the business liable. explain
TIME REMAINING 56:28 Which of the following is an example of an equity investment? A. A loan B. A company bond C. A government bond D. A company's stock Please select the best answer from the choices provided A B C
Answers
An example of an equity investment is D. A company's stock
An equity investment is an investment in the ownership of a company or other entity, where the investor purchases a percentage of the company's shares. By doing so, the investor becomes a part-owner of the company, and as such, they may receive a portion of the company's profits through dividends or by selling their shares at a higher price.
Company stocks are the most common example of an equity investment. When an investor buys stocks, they are buying a portion of the ownership of that company, and therefore they are entitled to a share of the company's profits and assets. The value of a stock can increase or decrease based on the performance of the company and market conditions, making it a potentially high-risk but also high-reward investment. On the other hand, loans, company bonds, and government bonds are examples of debt investments, where the investor lends money to an entity in exchange for a fixed rate of return. Unlike equity investments, debt investments typically have a fixed interest rate and maturity date, and the investor does not own a portion of the company.
In summary, equity investments provide investors with an ownership stake in a company, while debt investments provide a fixed income stream. While equity investments can potentially offer higher returns, they also come with higher risks, and investors should carefully consider their investment objectives and risk tolerance before making any investment decisions.
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The following units of an item were available for sale during the year:
Beginning inventory 8,100 units at $180
Sale 5,300 units at $300
First purchase 15,000 units at $185
Sale 13,000 units at $300
Second purchase 16,000 units at $192
Sale 14,000 units at $300
The firm uses the perpetual inventory system, and there are 6,800 units of the item on hand at the end of the year.
a. What is the total cost of the ending inventory according to FIFO?
$fill in the blank 1
b. What is the total cost of the ending inventory according to LIFO?
$fill in the blank 2
Answers
a. To calculate the ending inventory cost using the FIFO method, we assume that the first units purchased are the first ones sold and the ending inventory consists of the most recently purchased units. So, we need to allocate the cost of the beginning inventory and the first purchase to the units sold, and the cost of the second purchase to the ending inventory.
The cost of goods sold (COGS) under FIFO can be calculated as follows:
COGS = (5,300 units × $180) + (7,700 units × $185) + (6,000 units × $192) = $2,396,500
The cost of the ending inventory under FIFO is the cost of the remaining 6,800 units, which is:
Ending inventory cost = 6,800 units × $192 = $1,305,600
Therefore, the total cost of the ending inventory according to FIFO is $1,305,600.
b. To calculate the ending inventory cost using the LIFO method, we assume that the most recently purchased units are the first ones sold and the ending inventory consists of the oldest units available. So, we need to allocate the cost of the most recent purchase and the beginning inventory to the units sold, and the cost of the first purchase to the ending inventory.
The cost of goods sold (COGS) under LIFO can be calculated as follows:
COGS = (14,000 units × $192) + (1,000 units × $185) + (4,300 units × $180) = $2,730,500
The cost of the ending inventory under LIFO is the cost of the remaining 6,800 units, which is:
Ending inventory cost = 6,800 units × $185 = $1,258,000
Therefore, the total cost of the ending inventory according to LIFO is $1,258,000.
microeconomics definition of economics cost
Answers
In microeconomics, the concept of economic cost refers to the total value of resources, both explicit and implicit, that are sacrificed or foregone in order to produce a particular good or service.
It goes beyond the monetary expenses and includes the opportunity cost of using resources in one way instead of their next best alternative use. Economic cost comprises two main components:
Explicit Costs: These are the actual out-of-pocket expenses incurred in the production process. They include the cost of labor, raw materials, rent, utilities, and any other direct payments made to suppliers or factors of production. Explicit costs are tangible and measurable in monetary terms.
Implicit Costs: These represent the opportunity cost of utilizing resources in a specific production activity. Implicit costs are the benefits or values associated with the next best alternative that is forgone when resources are allocated to a particular use. They often involve the use of self-owned resources or factors of production, such as the foregone income from not working at another job or the foregone rental income from not leasing out a property.
To calculate the economic cost of production, both explicit and implicit costs need to be taken into account. By considering the full range of costs, economists aim to capture the true economic impact of a decision or an activity, providing a more comprehensive understanding of the costs involved in the production process.
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Need help what is the answer to this question:
Answers
The overall equipment effectiveness of the machine is 4.51%
What is overall equipment effectiveness of the machine?Availability:
The machine is available for 24 hours per day= 1,440 minutes.
It it takes:
= 55 units x 25 minutes per unit
= 1,375 minutes to process all the units.
The machine's availability is:
= (1,440 - 1,375) / 1,440
= 0.0451
= 4.51%
The ideal processing time for 55 units. 55 x 25 = 1,375 minutes.
The actual processing time is 1,375 minutes.
Performance Efficiency = Ideal Cycle Time / Actual Cycle Time
Performance Efficiency = 1,375 / 1,375
Performance Efficiency = 1 or 100%
Quality rate:
Assuming all 55 units produced are of good quality, the quality rate is 100%.
The overall equipment effectiveness of the machine is:
= Availability x Performance Efficiency x Quality Rate
= 0.0451 x 1 x 1
= 0.0451
= 4.51%.
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IBM was trading at $100 when Mrs. Peterson bought a 100 call on IBM at a price of $10. Three months later, IBM common stock was trading at $130, and the call option was trading at $33. The leverage factor for this situation would be:
11x.
3.3x.
7.66x.
25.38x.
Answers
The answer to the question is none of the options provided - the leverage factor is actually 7.66x. The leverage factor in this situation can be calculated by dividing the percentage change in the stock price by the percentage change in the option priceOption C is correct.
The initial cost of the call option was $10, and its value after three months was $33, resulting in a gain of $33 - $10 = $23.
The initial price of IBM stock was $100, and its price after three months was $130, resulting in a gain of $130 - $100 = $30.
Now, we can calculate the percentage changes:
Percentage change in the option value = ($23 / $10) * 100 = 230%
Percentage change in the stock price = ($30 / $100) * 100 = 30%
The leverage factor is the ratio of the percentage change in the stock price to the percentage change in the option value. Therefore, the leverage factor is 30% / 230% = 0.1304.
To express the leverage factor as a ratio, we take the reciprocal: 1 / 0.1304 ≈ 7.66..Therefore, the leverage factor for this situation is approximately 7.66x.Option C is correct.
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Some students skipped attending the Clemson Welcome party because of the thunderstorm.
Thinking like an economist, we can conclude that:
a.given the thunderstorm, the benefits of attending the party were more than the costs.
b.the thunderstorm either raised the costs of attending or lowered the benefits of attending the party.
c.the thunderstorm made driving to the party less costly.
d.All of the above are true.
e.Only a and b are true.
Answers
The weather prevented some students from attending the Clemson Welcome celebration. We may conclude that the thunderstorm either increased the expenses of attendance or decreased the benefits of attending the party by applying economic reasoning. As a result, choice (B) is accurate.
It's quite simple to mock economic reasoning. One would be interested in learning, for example, how a policy change—such as a boost in military expenditure, tighter environmental regulations, or a government program to educate jobless workers will affect individuals and their capacity to buy the goods and services they want celebration.
Unluckily, a single adjustment might result in several different outcomes. As a ludicrous and twisted example, government manufacture of helium for (supposedly) military uses lowers the cost of children's birthday balloons, forcing party hats and professional clowns to be replaced instead.
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what are natural threats
Answers
Answer:
Environmental phenomena that have the potential to have an influence on society and the surrounding environment are referred to as natural hazards. These shouldn't be confused with other dangers, such as man-made dangers.
Natural disasters such as hurricanes, earth quakes, floods, tornados and so on.
I hope this helps man
Write 250 words about one qualitative and one quantitative measure you will use to evaluate the effectiveness of your final project company/product social media marketing strategies. What do you hope to learn by using that measure? What will you be able to track? For example, tracking the number of hits on a social media fan page is a quantitative measure to determine the size of your loyal customer base.
Answers
Engagement rate is a qualitative metric that measures how much engagement a post receives from its audience. We may use this to gauge the success of our posts in terms of sparking further user involvement and discourse.
The rate at which conversions occur is a quantitative indicator of how many individuals visit a business's internet presence or purchase page and proceed to take action. This may be used to gauge how effective we are at fostering relationships that lead to concrete results.
The audience we serve is responding positively to the messages we communicate through various channels, which is then resulting in sales conversions buying decisions, or other engagements with the business or website. We can choose which rate of conversions and levels of engagement to track so that we may adjust our strategy properly.
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Which sentence best completes the diagram?
Globalization
?
OA. Natural resources move from poor to rich countries.
OB. Fewer companies have a need for natural resources.
OC. Incomes improve for poor people in all countries.
W
OD. Local businesses face less international competition.
Answers
Incomes improve for poor people in all countries is the best sentence which completes the Globalization. option C is the correct answer.
Globalization is the method by which businesses, organizations, and governments work on a worldwide scale. Globalization alludes to the method of expanding interconnecting and interdependency among individuals, businesses, and nations over the world. It includes the stream of products, administrations, capital, innovation, and data over national borders, coming about in a developing sense of shared social, social, and financial values.
Globalization has been encouraged by headways in communication innovation, transportation, and exchange liberalization arrangements. It has driven to expanded financial development, advancement, and social trade, but has too brought about in concerns approximately imbalance, natural corruption, and social homogenization.
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Question 3 of 10
What would be used by a business to assess how the business is working
within its organization goals?
OA. Information systems
B. Management plan
C. Interactivity
D. Business analysis
CHDEM
Answers
Option D. Business analysis is assessing how the business is working towards its organizational goals.
Business analysis is a process that involves assessing and evaluating various aspects of a business to determine how effectively it is operating within its organizational goals. It typically involves analyzing the business's performance, processes, strategies, and systems to identify areas of improvement or alignment with the established goals. Business analysis helps in understanding the strengths, weaknesses, opportunities, and threats faced by the business and enables decision-makers to make informed choices to enhance performance and achieve organizational objectives.
While information systems, management plans, and interactivity are important components of business operations, they are not specifically focused on assessing how well a business is working within its organizational goals. Business analysis, on the other hand, is specifically designed for this purpose. Therefore, the correct answer is option D.
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Sara is a regional manager for a restaurant chain that has locations in the towns of Florence, Camden, and Columbia. A random sample of customers at all three locations were asked to rate their satisfaction level on a scale of 1 to 20. A two-way ANOVA procedure was performed on this data using α = 0.05 with Factor A representing each location and Factor B representing the customer 's gender. The results are summarized below in the ANOVA table.
Answers
The interaction test statistic for this ANOVA technique indicates that because we cannot rule out the null hypothesis if the value is smaller than the crucial threshold, hence we can state that Factors A and B do not interact.
Given,
For Interaction term,
Test statistic F = 0.405229
Critical value of F = Fcrit = 3.402826
Thus, F < Fcrit
The interaction test statistic for this ANOVA technique indicates that because we cannot rule out the null hypothesis if the value is smaller than the crucial threshold, hence we can state that Factors A and B do not interact.
A hypothesis that claims there is no association between two population measures is known as a null hypothesis. To pave the way for additional testing or investigation that explains the position of interest, researchers reject or refute the null hypothesis.
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The table is attached beow.
The practice of recruiting, hiring, deploying, and managing an organization's
employees is
Omarketing
onboarding
accounting
human resource management
Answers
The practice of recruiting, hiring, deploying, and managing an organization's employees is referred to as human resource management (HRM). This essential function encompasses all aspects of employee management, from hiring and onboarding to training, compensation, performance management, and career development. The correct option is e.
HRM plays a crucial role in ensuring that the right people are hired for the right jobs, that they are trained and equipped to succeed, and that they are effectively managed throughout their tenure with the organization. HRM professionals must have strong interpersonal skills, as well as an understanding of employment laws, regulations, and best practices.
They must also be skilled in data analysis, communication, and problem-solving. In short, HRM is a critical function that ensures that an organization's most valuable asset, its people, are effectively recruited, deployed, and managed to achieve the company's goals. Without effective HRM, companies risk high employee turnover, low productivity, and a negative impact on their bottom line. The correct option is e.
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"One difficulty when trying to estimate beta for a security is that beta depends on investors’ expectations of the correlation and volatilities of the security's and market's returns." Why this statement is false? Could you explain with detail to help my understanding the topic.
Answers
The statement you provided is actually true, not false. Beta is a measure of a security's sensitivity to market movements, and it is influenced by the correlation and volatilities of the security's and market's returns.
Beta is calculated by regressing the historical returns of a security against the returns of a relevant market index. The slope of this regression line represents the beta value, which indicates the security's relative volatility compared to the market. A beta greater than 1 suggests the security is more volatile than the market, while a beta less than 1 indicates lower volatility.
The correlation between a security's returns and market returns is a crucial factor in determining beta. If a security's returns have a strong positive correlation with the market returns, its beta will likely be higher. Conversely, if the security's returns have a negative or weak correlation with the market returns, its beta will tend to be lower.
Moreover, beta is also influenced by the volatilities of the security and the market. Volatility measures the degree of fluctuation in prices or returns. If a security experiences higher price swings than the market, it will have a higher beta. Conversely, if the security is relatively stable and has lower price fluctuations compared to the market, its beta will be lower.
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What should you do In the last paragraph of the application cover letter?
O Request an interview.
O State the position you are applying for.
O Name any contacts you have at the business.
O all of the above
Answers
Answer:
C "name any contacts you have at the business"
sorry if this is wrong dont get mad
Explanation:
Select the correct answer.
Ben works as an accountant at a shipping company. While managing the financial invoices, he noticed that there was a tax that his company was liable for. This tax related to the value that the company added to the product supplied by repackaging and shipping it. Which tax was Ben’s company liable for?
A.
GST
B.
sales tax
C.
estimated tax
D.
excise tax
Reset
Answers
After analyzing the scenario, the excise tax was Ben’s company liable for. Thus, option D is the correct option.
Excise taxes are levied on a certain range of products, services, and activities. Depending on the particular tax, taxpayers might be consumers, producers, merchants, or imports. Excise taxes could be applied at the following points: entry into the country, sale, or usage following imports.
Excise taxes can be used to set a price on an externality or to deter the usage of goods that cost others money. They can also be used as a user fee to collect money from those who utilize certain government services, money that should go into maintaining such services.
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Seedi started a business to repair computers. The following transactions are given to you for the first month of the business. 01. Invested so.sh. 5,000 as the capital 02. Obtained a bank loan of so.sh. 2,000 03. Deposited so.sh. 100 in a fixed deposit account 04. Earned a cash income so.sh.so.sh. 600 from computer repairs 05. Paid so.sh. 100 as the monthly rent of the business 06. Geedi withdrew so.sh. 200 from the business for her private use 07. Purchased equipment at so.sh. 100. 08. Paid so.sh. 500 of the telephone bill of the month. 09. Geedi invested an additional capital of so.sh. 500 10. Paid so.sh. 200 of the bank loan hove transactions to the accounting
Answers
Seedi started a business to repair computers. The journal entry for this transaction is:
Invested so.sh. 5,000 as the capital:
Debit Cash (Asset) so.sh. 5,000 Credit Capital (Owner's Equity) so.sh. 5,000.Obtained a bank loan of so.sh. 2,000:
Debit Cash (Asset) so.sh. 2,000 Credit Bank Loan (Liability) so.sh. 2,000.Deposited so.sh. 100 in a fixed deposit account:
Debit Cash (Asset) so.sh. 600 Credit Service Revenue (Revenue) so.sh. 600.The term journal entry was the first part of the Financial statement. The journal entry was the based on the debit and the credit record in the book entry. The Journal was the pro forma of the statement.
Earned a cash income so.sh.so.sh. 600 from computer repairs:
Debit Rent Expense (Expense) so.sh. 100 Credit Cash (Asset) so.sh. 100.Paid so.sh. 100 as the monthly rent of the business:
Debit Geedi's Withdrawals (Owner's Equity) so.sh. 200 Credit Cash (Asset) so.sh. 200.Geedi withdrew so.sh. 200 from the business for her private use:
Debit Equipment (Asset) so.sh. 100 Credit Cash (Asset) so.sh. 100.Purchased equipment at so.sh. 100. 08. Paid so.sh. 500 of the telephone bill of the month:
Debit Telephone Expense (Expense) so.sh. 500 Credit Cash (Asset) so.sh. 500.Geedi invested an additional capital of so.sh. 500 10.:
Debit Cash (Asset) so.sh. 500 Credit Capital (Owner's Equity) so.sh. 500.Paid so.sh. 200 of the bank loan hove transactions to the accounting:
Debit Bank Loan (Liability) so.sh. 200 Credit Cash (Asset) so.sh. 200.As a result, the significance of the journal entry for this transaction is the aforementioned.
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Apostoli Manufacturing Company operates 320 days a year with an annual demand for component X of 4,800 units. The fabrication department at the company is able to produce 105 units per day and send them over to assembly while production is in progress (i.e. non-instantaneous replenishment).
Assume, for now, that assembly uses order size of Q = 1000 units of component X. Suppose it costs fabrication $800 to set up a production and the cost of carrying a unit of component X in inventory for a year is $25. What is the total annual inventory cost for component X when order size Q = 1000?
Answers
The total annual inventory cost for component X when order size Q = 1000 is $55,278.16
The total annual inventory cost for component X when order size Q = 1000 can be calculated using the Economic Order Quantity (EOQ) model, which minimizes the total annual inventory cost.
To calculate the EOQ using the formula:
EOQ = √[(2DS) ÷ H]
where;
D = annual demand
S = setup cost per order
H = annual holding cost per unit.
Using the given values, we have:
EOQ = √[(2 × 4,800 × 800) ÷ 25]
= 916.5
The number of orders placed in a year using the formula:
Number of orders = D ÷ Q
where Q is the order size.
Using the given values, we have:
Number of orders = 4,800 ÷ 1,000 = 4.8
The total annual inventory cost using the formula:
Total annual inventory cost = (Q ÷ 2) × H × (D ÷ Q) + D × S ÷ (D ÷ Q)
Using the given values and the calculated EOQ, we have:
Total annual inventory cost = (1,000 ÷ 2) × 25 × (4,800 ÷ 1,000) + 4,800 × 800 ÷ 916.5
= $55,278.16
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An office worker earns R6400-00 per month. His monthly expenses are 1/5 for rent, 2/7 for his car payment, 1/6 for insurance, 1/3 for other monthly living expenses and the rest he deposits in a savings account. How much does he save per month?
Answers
The office worker saves approximately R91.43 per month.
How to calculate How much does he save per monthTo calculate the amount the office worker saves per month, we'll need to determine the portion of his income that is not spent on expenses.
Let's break down the monthly expenses:
Rent: 1/5 * R6400 = R1280
Car payment: 2/7 * R6400 ≈ R1828.57
Insurance: 1/6 * R6400 ≈ R1066.67
Other living expenses: 1/3 * R6400 ≈ R2133.33
Total expenses: R1280 + R1828.57 + R1066.67 + R2133.33 = R6308.57
To find the amount saved per month, we subtract the total expenses from the monthly income:
Monthly income - Total expenses = R6400 - R6308.57 ≈ R91.43
Therefore, the office worker saves approximately R91.43 per month.
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You are reading product reviews posted online by consumers. Which external information source are you using?
O A.
company website
industry website
OB.
O C. social media
print media
O D.
O E. consumer report
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Answers
what is price celling and price floor
Answers
Price ceiling and price floor are terms used in economics to describe government imposed controls on the prices of goods or services in a particular market.
A price ceiling is a maximum price that is set by the government, below which the price of a good or service cannot legally be charged. This is usually done to protect consumers from high prices or price gouging.
A price floor is a minimum price that is set by the government, above which the price of a good or service cannot legally be charged. This is often done to protect producers, particularly in industries like agriculture.
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