Answer:
False
Explanation:
Susan makes a purchase of $175 and is charged 7.75% for sales tax. What is the total cost of the purchase if Susan charges it on a credit card with a daily interest rate of 0.039% and pays the balance off at the end of 30 days
Answer:
$190.77
Explanation:
Given that:
Actual purchase price = $175
Sales tax = 7.75%
Total = actual price + sales tax
Total = actual sales price + (7.75% * Actual sales price)
Total = $175 + (0.0775 * $175)
Total = $188.5625
To pay with credit card at 0.039% daily interest for 30 days :
(188.5625 * 0.039% * 30) + 188.5625
2.20618125 + 188.5625
= $190.76868125
= $190.77
Help find Robert! South Carolina people help me find Robert! thank you!
Answer:
Why do you keep on putting this out?
Explanation:
As of year-end, June Company had three different inventory items in its ending inventory. June had 10 units of each item on hand. The unit cost, replacement cost, expected selling price, estimated disposal and completion costs, and normal gross profit as a percentage of expected selling price follow: Item A: $10, $9, $20, $2, 50% Item B: $30, $32, $50, $4, 30% Item C: $50, $48, $90, $0, 40% June uses a LIFO costing method. By what amount will June write-down its inventory?
Answer:
$10
Explanation:
unit cost, replacement cost, expected selling price, estimated disposal and completion costs, and normal gross profit as a percentage of expected selling price follow
Item A: $10, $9, $20, $2, 50%
Item B: $30, $32, $50, $4, 30%
Item C: $50, $48, $90, $0, 40%
I used an excel spreadsheet to calculate the value of ending inventory using the lower of cost or market value. The ending inventory = $890, while the purchase cost = $100 + $300 + $500 = $900
the inventory should be written down by $10
Nepal is secular country
Answer:
Nepal is a secular state - True.
Hi guys! 40 points!
I would appreciate some help on this one, I'm stumped lol.
What are some ways to encourage companies to get involved in exporting? Would exporting necessarily lead to a favorable balance of trade?
Answer:
1. Give companies the idea that they have an advantage in certain foreign markets and that they can earn a lot of money from this. Companies that make good business with exporting goods also earn them a reputable reputation.
2. If the exports of a country exceed its imports, the country is said to have a favourable balance of trade, or a trade surplus. Conversely, if the imports exceed exports, an unfavourable balance of trade, or a trade deficit, exists.
Explanation:
hope this helps :)
What is Insurance Risk
An insurance risk is a threat or peril that the insurance company has agreed to insure against in the policy wordings. These types of risks or perils have the potential to cause financial loss such as property damage or bodily injury if it were to occur.
Hope it helps ^^
property taxes are $4,200 per year. The closing is April 20th and closing day is charged to the buyer. Using the 365-day method, how will the proration of property taxes show on on the closing statement?
Answer:
Dr Seller $1,254.25
Cr Buyer $1,254.25
Explanation:
Calculation for how will the proration of property taxes show on the closing statement
First step is to calculate days of seller ownership
Days of seller ownership= 31 days in January 31 + 28 days in February+31 days in March + 19 days in April
Days of seller ownership=109 days
Second step is to calculate the tax owed by the seller using this formula
Tax owed by the seller =[(Property taxes ÷365 days)*Days of seller ownership]
Let plug in the formula
Tax owed by the seller=[($4,200 per year÷365 days)*109 days
Tax owed by the seller=$1,254.25
Last step is how will the proration of property taxes show on on the closing statement
Closing statement Entries will be show as:
Dr Seller $1,254.25
Cr Buyer $1,254.25
Therefore how will the proration of property taxes show on the closing statement is Debit Seller $1,254.25 and Credit Buyer $1,254.25
As digital technology continues to grow, consumer demands are likely to rise in four areas. Briefly describe each of these areas and what you expect consumer demand might be.
Explanation:
The 4 areas in which consumer demands are likely to rise with the growth in digital technology are
production, selling, marketing concept, and customer relationship.
Production: with increase in tech and demand with increasing population the production would increase.
Selling: With increase in production selling of product wolud also increase.
marketing concept: tech. will bring innovative marketing concept into picture, example digital and social media marketing.
Customer relationship: To increase sales and profit customer relation has be better and innovative , technology would be helpful in this context.
Which factor does not affect the stock prices in a market? (5 points)
Current taxes
Government policy
International transactions
Supply and demand
Answer:
government policy that a answer
One factor that does not affect the prices of stock in a market is Current taxes.
What affects the prices of stock?There are several factors that affect stock price such as government regulations related to the sale of stock, and the company who owns the stock.
International transactions such as exports and imports and supply and demand movements also influence how valuable a stock is. Taxes on companies do not affect stock prices significantly.
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Check #628 for $98 was not recorded in the ledger. On a bank reconciliation, this would be shown as a(n)
A. decrease in the bank account balance
B. increase in the ledger cash account balance (book balance)
C.increase in the bank account balance
D. decrease in the ledger cash account balance (book balance)
Answer:
D. decrease in the ledger cash account balance (book balance)
Explanation:
The check was written and issued but was not recorded in the ledger. The check is appearing in the bank statements but not in the book balance. It means the bank has already factored and adjusted the amount in the customer statements.
The customer needs to adjust their books to reflect the check amount. The amount should decrease the balance in the customer books balance.
Yes. Companies should be protected by tariffs.. why?
Answer: See explanation
Explanation:
A tariff is a tax that the government imposes on either the imports or the exports of products or sevices.
Apart from the fact that tariff is a way of generating revenue by the government, tariffs help protect the domestic industry. This is because tariffs increases the price of imported goods.
Since there is an increase in the price of the imports, consumers tend to buy from the local manufacturer since their products tend to be cheaper when compared to the imports. This gives an edge to the domestic companies.
This management theory assumes there is no one best way to manage?
The contingency approach to management is based on the idea that there is no single best way to manage. Contingency refers to the immediate contingent circumstances. Effective organizations must tailor their planning, organizing, leading, and controlling to their particular circumstances.
2. Which statement about the factors of production is correct?
A) A river from which a company draws water is called land.
B) Raising finance for a company is called capital.
C) Supervisors employed in a company are called enterprise.
D) The owner of a company is called labour,
Answer:
A) A river from which a company draws water is called land.
Explanation:
There are mainly 4 Factors of Production and these are:
1. Labor
2. Land
3. Capital
4. Entrepreneurship
Labor doesn't refer to the owner of the company. It refers to the work that is being done in order to finish a particular project or work. This makes choice D incorrect.An enterprise refers to the entire company or business. It doesn't limit itself to the supervisors involved. This makes choice C incorrect.Capital in the form of money is not a factor of production. Raising finance for a company means raising money. An example of capital as a factor of production is purchasing an equipment for commercial/business purposes. This makes choice B incorrect.When it comes to "land" as a factor of production, it refers to the natural resources, which means it includes not only the forests, mountains and the like but also the oceans, rivers, lakes, etc. as long as it is being used in the production process. This makes choice A correct.New Ventures Enterprises Inc. Is considering a proposal to invest 600,000 in new Cell Telephone Product. Production equipment which will be depreciated on a straight-line basis with a 6-year life, and no salvage value. The projected
Answer:
Note: The full question is attached as picture below
New Ventures Enterprises Inc.
Income Statement
Sales $565,000
Cost of goods sold
Variable manufacturing cost $100,000
Direct labor cost $150,000
Fixed manufacturing cost $52,500
Total cost of goods sold $302,500
Gross Profit $262,500
Operating Expenses
Selling and administrative $74,000
Operating profit $188,500
Income tax expenses at 15% $28,275
Net Income $160,225
Mark sold his home to Lenny. Lenny moved into the home, but did not record the deed. A few weeks later, Mark died. His heirs were unaware that he had sold the home, and conveyed title to Donald, who actually recorded the deed. Who owns the property
Answer:
Lenny
Explanation:
Even though Lenny moved into the home but did not record the deed which is a legal document that will prove and show the transfer of ownership of the property from Mark to Lenny in which Donald was the one who recorded the deed , the person who OWNS the property is LENNY reason been that we were told that Mark sold his home to LENNY before he died a few weeks later.
Therefore the person who owns the property is LENNY.
Port's 5 force model for service DOES NOT include?
Answer:
The Porter's 5 forces include :
1. Competition in the industry
2. Potential of new entrants into the industry
3. Power of suppliers
4. Power of customers
5. Threat of substitute products
Explanation:
Porter's 5 forces is used to analyse how profitable a firm would be.
1. Competition in the industry - the higher the competition, the lower the firm's profitability.
2. Potential of new entrants into the industry : the easier it is for new firms to enter the industry, the lower the firm's profitability.
3. Power of suppliers : the more powerful suppliers, the lower the firm's profitability
4. Power of customers : the more powerful customers, the lower the firm's profitability
5. Threat of substitute products : the more the threat of substitute products, the lower the firm's profitability
Every business is unique — including yours! Based on the goals described below, choose the campaign type that could best help you achieve those objectives.
Answer: Social media campaign
Explanation:
For a business whose objective is trading of a mechanical product called a pump, one of the best way to promote the business to reach goals is through social media campaign. Social media campaign is the use of social media platforms to promote a brand or business with it's services and amazing contents that would make the target market buy the goods.
Hello today January 1 happy new year
Answer:
Happy New Year
Explanation:
Prepare the correcting entry.
The purchase of 1200 of office equipment with a three year useful life was debited to office supplies
Buyer Bill has agreed to pay for a computer system after all hardware has been installed and operational. What type of contract does Bill hold
Answer:
"Executory" is the right solution.
Explanation:
An executory contract would be a contract concluded by individuals involved, these same phrases among which are always to be accomplished at that same future stage. This same agreement states that when both parties always have responsibilities to fulfill before they could be finalized, which are often in a position in between the debt collector or bondholder and maybe the other individual.18. In the current year, Marc, a single taxpayer, has ordinary income of $35,000. In addition, he has $3,000 in short-term capital gains (STCG), short-term capital losses (STCL) of $6,000, and long-term capital gains (LTCG) of $4,000. What is Marc's adjusted gross income (AGI) for the current year
Answer:
$36,000
Explanation:
The computation of the adjusted gross income for the present year is as follows:
= Ordinary income + short term capital gain - short term capital loss + long term capital gain
= $35,000 + $3,000 - $6,000 + $4,000
= $36,000
Hence, the adjusted gross income for the present year is $36,000
The same is relevant
Hey MCU fans, 30 pts to the first person who can answer this question! What was Loki's last words TO THOR before he died? Just thought this would be fun :)
How should you handle questions about past jobs and employers?
(I am being timed)
A)You should give a specific example of how you were mistreated on your last job and why you left.
B)You should take the opportunity to show your knowledge by pointing out what was wrong there.
C)You should be honest, but don't bring up negative issues. If you must, frame it as a lesson learned.
D)You should refuse to answer any questions about previous employers and jobs.
Answer: B
Explanation:
You should give a specific example of how you were mistreated on your last job and why you left. Therefore option B is correct.
What is Job?The term Jobbe or Worke (1550s), which meant "task, piece of work," gave rise to the word "job," which today is used to refer to a piece of work or anything that needs to be done.
Literary sources indicate that the phrase was first used in 1858 to refer to "a salaried, permanent position of employment." Printers began using the phrase as slang for "piece of work of miscellaneous class" around 1795. (handbills, posters, etc.).
People who have received specialized training for particular occupations are either-
These are manual tasks in the trade. Carpenters, auto mechanics, hairdressers, and bakers are a few examples. Other trades include those for butchers, plumbers, and arborists.
- Profession: A university degree is required for this type of employment. Lawyers, physicians, dentists, architects, librarians, engineers, and pharmacists are a few examples. Teachers, university professors, scientists, physicists, and geologists are all occupations.
Therefore option B is correct.
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Mario owns a store that sells skateboard equipment. Mario understands that people are most likely to notice his headline text in a text ad.What should Mario include in his headline
Risks to a company that can result from outsourcing include: Question 3 options: Customers demanding higher quality and better service Loss of control over a product or process Increasing technological capabilities Lower costs A and B
Answer:
Loss of control over a product or process
Explanation:
Outsourcing is when third parties are employed to carry out some of the functions of an organisation. For example, an organisation may outsource its customer service agent job to third parties
Advantages of outsourcing
increased efficiencylower cost as the firm would invest less in infrastructureDisadvantages of outsourcing
Loss of control over a product or process outsourced agents may lack adequate information on the businessOf those listed below, the best example of a pure public good is a. a public school b. a radio broadcast c. a hardcover copy of a book d. a rock concert held in a small auditorium
Answer:
b. a radio broadcast
Explanation:
The pure public good is a good which is non-rivalrous and non-excludable. Non-rivalrous represents that the goods does not diminshed in the case when more people consumed it while on the other hand, the non-excludable represents that the goods are available to all
Therefore as per the given options, the option b is correct
hence, the other options are incorrect
state four measures that may be taken by the government to control inflationstate formations that taken by the government to contain inflation
Answer:
see below
Explanation:
The government takes contractionary measures to check against rising inflation. Contractionary policies reduce liquidity in the market, thereby reducing the rate of money circulation.
Four measures that may control inflation include
1. Increasing interest rates: An increase in interest rates increases the cost of borrowing money. When the cost of money becomes expensive, firms and households reduce the borrowing rate, reducing the money supply rate. In turn, the inflation rate declines.
2. Increasing reserve requirement: Reserve is the proposition of customer discounts that commercial banks are expected to maintain at their custody at all times. Increasing the reserve requirement means banks will reduce lending, thereby reducing the money supply in the economy.
3. The open market sells: The government makes available many treasury bills and bonds for purchase in the market. It offers attractive rates that encourage banks and other institutions to buy them. Buying the treasury bills means banks will use a substantial percentage of customer deposits on treasury bills other than lending to customers. Open market sales mop up excess liquidity in the markets, reducing the rate of cash circulation.
4. Reduction of government spending: Government spending is a fiscal policy tool. The government is a big spender in an economy. If the level of spending is decreased, the money supply in the economy is reduced.
Suppose you worked in the government. A company wants to set up a factory in your country. It would bring jobs, but it would also bring about pollution, which would lead to acid rain. Would you allow it?
Bgn sells furniture such as beds and tables. It started as a partnership but is now a private limited company. BG has expanded quickly and has 10 shops located in different cities.Each shop manager is responsible for recruitment and decisions about inventory levels. They send the board a monthly report. The managing director has a laissez fair leadership style.There has been an increase in customer complaints and employees think internal communications need to be improved.Identify and explain one advantage and one disadvantage of the managing director's leadership style?
Answer:
See below
Explanation:
The Laissez-faire leadership style allows group members or employees to make important decisions. Managers operate hands-off, meaning they allow employees to run the business. The Laissez-faire leadership style is delegates responsibilities to employees.
Advantages
1. It promotes employees' personal growth.
When leaders are hands-off, employees get the chance to be hands-on. The Laissez-faire leadership style creates an environment that facilitates employee growth and development.
2. It encourages innovation. Employees have the freedom to try out different ways of achieving objectives. This promotes creativity and innovation in the workplace.
Disadvantages
1.Subject to abuse by employees
Because there is little supervision by managers, some workers may take advantage of their benefit. They might engage in fraud-related activities to steal money from the business. Absenteeism without genuine reason is likely to be high.
2. Reduces cohesion in teams
Due to a lack of clear leadership, each group member act as per their judgment. Teamwork is destroyed, which results in low productivity.
A. Avoid extra payroll expenses.
B. Get the best rates on advertising.
C. Change the product you provide.
D. Use resources wisely.
E. Beat the competition.
F. Get the best rates on supplier purchases.
G. Eliminate some free services,
H. Increase worker efficiency,
1. A shop that sells fine glassware offers gift wrapping at no extra cost.
Rationale:
Answer:
A. Avoid extra payroll expenses.Explanation:
i hope it helps :)
An expense is referred to as the outflow of the cash or the assets of the company or the firm. Basically, an expense is incurred when the company faces a shortage of assets or the company owns any of the liability.
The correct option is A. Avoid extra payroll expenses.
A shop that sells fine glassware offers gift wrapping at no extra cost avoids the payroll expenses. Payroll expenses are the expenses that are termed as the expenses that are regarding the wages and the compensation of the holidays and the sick pay. These all expenses are accrued at the closing dates.
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