The correct answer to costs in beginning work in process inventory totaled $1,200 and $6,000 in costs were added during the period. If there are 75 equivalent units, the cost per equivalent unit using FIFO is $104.
Inventory is an asset that a firm has on hand and plans to sell or use in the production of goods. Costs in beginning work in process inventory totaled $1,200 and $6,000 in costs were added during the period. If there are 75 equivalent units, the cost per equivalent unit using FIFO is $104. The FIFO method assumes that the items that are purchased first are the ones that are sold first, according to financial accounting.
For instance, if a firm buys 100 units of inventory at $10 each and then buys another 100 units of inventory at $20 each, FIFO assumes that the first 100 units sold are the ones that were bought for $10 each. To figure out the cost per equivalent unit using FIFO, first calculate the cost per equivalent unit for each input, then multiply it by the amount of each input.
Add the products together to get the total equivalent cost of the 75 equivalent units. Then divide the total equivalent cost by 75 to get the cost per equivalent unit.
Following the steps:
The total equivalent cost for costs in beginning work in process inventory is $1,200.
The equivalent cost per unit for the beginning inventory is $1,200 / 30 equivalent units = $40 per equivalent unit.
Total costs incurred during the period are $6,000.
The total equivalent cost of the new costs is $6,000 / 45 equivalent units = $133.33 per equivalent unit.
The total equivalent cost for the 75 equivalent units is $1,200 + $6,000 = $7,200.
Cost per equivalent unit is $40 + $133.33 = $173.33.
Therefore, the cost per equivalent unit using FIFO is $104.
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if company a has a higher net operating profit margin (nopm) than company b, then company a's rnoa will be higher. select one: true false
The given statement "if company a has a higher net operating profit margin (nopm) than company b, then company a's rnoa will be higher" is True.
The return on net operating assets (RNOA) of Company A will be higher than that of Company B if Company A has a higher net operating profit margin (NOPM). This is because the RNOA is calculated as the NOPM divided by total assets minus non-operating assets.
When Company A has a higher NOPM, its RNOA will be higher than Company B's.
The NOPM measures the net operating profit relative to total operating assets and is the ratio of operating income to total assets.
It indicates how well a company is able to use its assets to generate income. RNOA, on the other hand, measures the return on operating assets and indicates the efficiency with which a company can generate a profit from its operating activities.
In conclusion, if Company A has a higher NOPM than Company B, then its RNOA will be higher than that of Company B.
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royal square resort recently took out a $250,000 loan. each year for 10 years, they will pay $35,000. after 10 years, the loan will be fully paid off this is a(n):
This is an example of an amortized loan. An amortized loan is a loan in which a borrower pays a predetermined amount each month for a fixed period of time. In this example, Royal Square Resort took out a loan for $250,000 and will pay back $35,000 each year for 10 years. This means that after 10 years, the loan will be fully paid off.
Amortized loans are common in commercial real estate, such as for the purchase of a building. The terms of an amortized loan usually involve a fixed rate of interest, with payments being made on a regular basis over the life of the loan. The payments are calculated to cover the principal and interest.
The principal of an amortized loan decreases over time as payments are made. The interest, however, stays the same throughout the life of the loan. The amount of each payment that goes to principal and interest is determined by the amortization schedule, which will show the principal and interest payments over the life of the loan.
Amortized loans also have the advantage of predictable payments and payment schedules. This allows businesses to better budget their finances, as they know exactly how much they need to pay each month and can plan accordingly.
In summary, Royal Square Resort has taken out an amortized loan for $250,000. They will make payments of $35,000 each year for 10 years and after 10 years the loan will be fully paid off. Amortized loans are beneficial for businesses as they have predictable payments and payment schedules.
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if money is neutral, what does this imply about the use of monetary policy? monetary policy is more effective in the short term than the long term. mechanisms should be introduced to ensure that the federal reserve is making sound decisions. monetary policy can influence the price level but cannot be used to encourage economic growth.
If money is neutral, it implies that monetary policy cannot be used to encourage economic growth. This means that monetary policy can influence the price level but not the real GDP.
The monetary policy is more effective in the short-term than the long-term. So, it should be used as a short-term tool to adjust the economy. Monetary policy is a tool used by the government to stabilize the economy. If money is neutral, it means that changes in the supply of money have no impact on the economy's real GDP. Hence, the government cannot use monetary policy to stimulate economic growth by increasing the money supply. Instead, monetary policy can only influence the price level by increasing or decreasing the demand for goods and services.
In the short run, changes in the money supply can impact the economy's price level. However, in the long run, changes in the money supply cannot influence the economy's real GDP. Hence, monetary policy should be used as a short-term tool to adjust the economy. Mechanisms should be introduced to ensure that the federal reserve is making sound decisions. The federal reserve is responsible for implementing monetary policy. As such, it is important to ensure that the federal reserve is making sound decisions when implementing monetary policy. To achieve this, mechanisms such as transparency, accountability, and public oversight should be introduced to ensure that the federal reserve is making sound decisions.
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true or false: if a partner in a cpa firm lacks independence with respect to client engagement, the firm loses its independence with respect to that engagement
The given statement, "If a partner in a CPA firm lacks independence with respect to client engagement, the firm loses its independence with respect to that engagement," is false (F) because the lack of independence of one partner does not necessarily result in the loss of independence of the entire CPA firm with respect to that engagement.
Independence is a fundamental principle in the field of accounting, particularly in auditing and attestation services. It ensures that an auditor or CPA firm remains objective, impartial, and free from any conflicts of interest that may affect the quality and integrity of their work.
In the case of a CPA firm, the independence of one partner does not necessarily affect the independence of the entire firm. While the partner may be deemed not independent with respect to a particular engagement, the firm may still be independent as long as other partners and staff involved in the engagement remain objective and free from any conflict of interest.
However, if the lack of independence is pervasive or systemic, and it affects the entire firm's ability to maintain objectivity and integrity in its work, then it may result in a loss of independence of the entire firm with respect to the engagement.
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which of the following is consistent with the circular flow of income? i. goods and services flow in one direction. ii. payments and incomes flow in one direction. iii. sellers receive less than what buyers spend. a. iii only b. both i and ii
c. ii only d. i only
The following is consistent with the circular flow of income: goods and services flow in one direction and payments and incomes flow in one direction. So, both i and ii are consistent with the circular flow of income.
A circular flow of income is a macroeconomic model that depicts how income flows within an economy between businesses and individuals, households and firms, and production and consumption. This can be achieved by calculating national income, which equals the value of all of a country's goods and services produced in a given period of time.
To sustain economic growth, the circular flow of income must continue indefinitely, and the economy must be in a state of equilibrium. To maintain the equilibrium state, households and companies must balance the flow of goods, services, and money with an equal flow of expenditure and income. So, both i and ii are consistent with the circular flow of income.
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which of the following is a non-value-added activity? question 18 options: engineering design machining inspection packaging
In summary, none of the options given are non-value-added activities.
A non-value-added activity is one which does not contribute to the end product or result, and is not necessary for the successful completion of the project. Engineering design is an essential part of any project, and does contribute to the end product or result. Therefore, engineering design is not a non-value-added activity.
Machining is also essential for most projects and adds value to the end product or result. Therefore, machining is not a non-value-added activity.
Inspection is a process used to ensure quality, and is necessary for the successful completion of the project. Therefore, inspection is not a non-value-added activity.
Packaging is necessary for the successful completion of the project and is used to protect the product or result. Therefore, packaging is not a non-value-added activity.
In summary, none of the options given are non-value-added activities.
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question content area a statement of stockholders' equity reports the changes in stockholders' equity for a period of time. true false
The statement of stockholders 'equity reports the changes in stockholders' equity for a period of time is True.
This statement typically shows the beginning balance of stockholders' equity, any changes that occurred during the period (such as net income, dividends paid, and stock issuances), and the ending balance of stockholders' equity.
The statement of stockholders' equity is an important financial statement that is often included in a company's annual report or 10-K filing with the Securities and Exchange Commission (SEC). It provides useful information for investors and analysts to understand how a company's equity has changed over time and what factors have contributed to those changes.
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loria martinez, an nra, is a professional golfer. she played in seven tournaments in the united states in the current year and earned $250,000 in prizes from these tournaments. she deposited the winnings in a bank account she opened in mexico city after her first tournament win. gloria played a total of 30 tournaments for the year and earned $800,000 in total prize money. she spent 40 days in the united states, 60 days in england, 20 days in scotland, and the rest of the time in south america. complete the letter to gloria explaining how much u.s.-source income she will generate, if any, from her participation in these tournaments and whether any of her winnings are subject to u.s. taxation.
Dear Gloria Martinez,
I am writing to provide you with information about your U.S.-source income generated from the tournaments you played and whether any of your winnings are subject to U.S. taxation.
You played a total of 30 tournaments this year and earned $800,000 in total prize money. Out of these tournaments, you played in seven in the United States, where you earned $250,000 in prizes. These earnings are considered U.S.-source income since they were generated from tournaments held in the United States.
As a nonresident alien (NRA), you are subject to U.S. taxation on your U.S.-source income. Therefore, your $250,000 in winnings from the U.S. tournaments are subject to U.S. taxation.
Please note that the location where you deposited the winnings (Mexico City) does not impact the taxation of your U.S.-source income.
To summarize, you will generate $250,000 in U.S.-source income from your participation in the seven U.S. tournaments, and this income is subject to U.S. taxation.
If you have any further questions or concerns, please do not hesitate to reach out.
Best regards,
[Your Name]
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three months ago, you purchased a stock for $74.60. the stock is currently priced at $81.34. what is the ear on your investment?
The return on your investment for the stock purchased three months ago is 8.87%. This return is calculated by taking the current stock price of $81.34 and subtracting the original stock price of $74.60, which gives you a difference of $6.74. You then divide this difference by the original stock price of $74.60 to get the return of 8.87%.
To understand return on investment (ROI) further, let's break it down further. Return on investment (ROI) is the measure of how much profit an investment generates in relation to the amount invested.
It is calculated by dividing the gain or loss from the investment (difference between current stock price and original stock price) by the original stock price. Therefore, a ROI of 8.87% means that your investment has yielded an 8.87% return over the course of three months.
In other words, the ROI measures the performance of the investment over a given period of time. This can be used to compare various investments and measure their relative performance. Additionally, ROI is an important indicator for investors to assess their own performance and make decisions about future investments.
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a 5 percent increase in the price of digital apps reduces the amount of tablet devices demanded by 3 percent. what is the cross price elasticity of demand? are tablet devices and digital apps complements or substitutes?
The cross-price elasticity of demand between digital apps and tablet devices is -0.6. This indicates that the two products are substitutes.
This means that an increase in the price of one will cause a decrease in the demand for the other.
Cross-price elasticity of demand is a measure of the responsiveness of the quantity demanded of one product to a change in the price of another product. It is calculated as the percentage change in the quantity demanded of one product divided by the percentage change in the price of another product.
For example, if the price of product A increases by 10%, and as a result, the quantity demanded of product B decreases by 5%, the cross-price elasticity of demand between product A and B would be -0.5. This indicates that product B is relatively insensitive to changes in the price of product A.
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Seasonal fruits and vegetables are shipped from Chile and sold in the United States along with domestically grown produce.a. Trueb. False
It is true that the seasonal fruits and vegetables are shipped from Chile and sold in the United States along with domestically grown produce.
Seasonal fruits and vegetables are shipped from Chile and sold in the United States along with domestically grown produce is a true statement.
Chile is one of the top exporters of fresh produce such as fruits and vegetables to the United States.
Chile has an agricultural season that differs from that of the United States, which means that they can supply seasonal produce all year round.
In fact, they are the top exporters of fruits like grapes, cherries, and blueberries to the United States.
Chile is able to provide these fruits when the domestic market is unable to do so.
This allows the United States to have access to these fruits throughout the year.
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trina decides to pay one point in order to lower her interest rate. how does trina paying one point affect her lender's yield?
Trina paying one point lowers her interest rate, which in turn affects her lender's yield.
By paying one point, Trina pays a fee equal to 1% of her loan amount. This reduces her lender's yield, as the lender makes a smaller amount of money on the loan.
When a borrower pays one point, they are essentially prepaying some of their loan interest. This decreases the lender's return on the loan, as they will make less interest over the loan's lifetime.
Paying one point can also lower the borrower's interest rate, as the lender is compensated for taking on a smaller amount of risk.
In Trina's case, by paying one point she has lowered her interest rate, and in turn decreased her lender's yield.
The lender has received a fee for taking on a lower risk loan, but will receive less interest income over the lifetime of the loan than if Trina had not paid one point.
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when nonbottleneck resources are scheduled with larger batch sizes, it is possible that they will become a bottleneck. how is this possible?
The batch size of the resource is too large for it to handle, it will become a bottleneck and slow down the overall system performance.
When non-bottleneck resources are scheduled with larger batch sizes, they can become a bottleneck if the additional load causes the processing rate of that resource to slow down.
This can happen if the resource is not able to handle the increased workload and requires more time to process the data. For example, if the resource is a CPU or a database server, it could be overwhelmed with more requests for processing than it is capable of handling, causing the processing rate to decrease.
Additionally, if the resource is a network or storage device, the increased load may cause the network or storage throughput to slow down, causing the resource to become a bottleneck.
In general, if the batch size of the resource is too large for it to handle, it will become a bottleneck and slow down the overall system performance. This is why it is important to carefully monitor the system performance and adjust the batch sizes of the resources accordingly.
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why might some think that the investigation would have been more acceptable if it was focused on a company (as when seeking competitor intelligence) rather than individuals?
Some might think that the investigation would have been more acceptable if it was focused on a company rather than individuals as when seeking competitor intelligence.
It's because intelligence-gathering about the competitor is seen as a common business practice. It is not illegal to do so, and many corporations hire specialists to acquire this information. It is often used to get a leg up on the competition and gain an advantage in the market. Companies that use this method, which is legal, are able to do so without any legal repercussions. When it comes to individuals, though, the situation is different. It is illegal to acquire, sell, or use insider information about a company, as well as to engage in insider trading, and those who do so risk going to prison. The investigation of individuals is more difficult to carry out, as well as being more complex than investigating a company. It may be more challenging to come up with enough evidence to charge someone with insider trading or another crime. As a result, investigators frequently focus on firms since this is typically the easiest way to uncover fraudulent activity.
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Today's workplace requires all employees, even hourly workers, to create reports and exchange messages. These messages should be?
Today's workplace requires all employees, even hourly workers, to create reports and exchange messages that should be professional, accurate, and friendly.
Today's workplace requires all employees, even hourly workers, to create reports and exchange messages. These messages should be precise and to the point.What are the types of messages?There are two primary types of messages in business:Interpersonal
Messages: Messages that are sent between two individuals who are communicating with one another. This type of message may be a face-to-face conversation, an email, or a phone call. It is crucial that interpersonal messages are clear and concise.Group Messages: Messages that are sent between two or more people, such as in a meeting or email chain. Group messages must be clearly organized, so the message is delivered effectively. This is to make sure that the message is delivered effectively and that everyone has the same understanding of what has been said.Learn more about Today's workplace: https://brainly.com/question/17314067
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57. a 20-year bond pays 6% on a face value of $1,000. if similar bonds are currently yielding 5%, what is the market value of the bond? use annual analysis.
The market value of the 20-year bond paying 6% on a face value of $1,000 when similar bonds are currently yielding 5% can be calculated through annual analysis. Therefore, the market value of the bond is $1,207.14.
Let's assume that we are performing this analysis in the first year. The bond will pay $60 (6% of $1,000) in the first year, and $1,060 (principal + interest) in the second year, and so on until the twentieth year when the bond will pay out the principal.
To calculate the market value, we need to discount the cash flows from each year. We can use the formula PV = CF/(1+r)n where CF is the cash flow for each year, r is the rate of return, and n is the number of years. Therefore, we can calculate the present value (PV) of the bond as follows:
PV = (60+60+60+...+60+1000)/(1+0.05)20 = $1,207.14
Therefore, the market value of the bond is $1,207.14.
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those who make dispositional attributions regarding poverty and unemployment tend to adopt political positions that group of answer choices offer more direct support to the poor. are unsympathetic to the poor. tend to blame the poor for their problems. are more neutral regarding poverty and unemployment.
People who make dispositional attributions about poverty and unemployment often adopt political positions that offer more direct support to the poor.
What are dispositional attributions?
Dispositional attributions are personal factors such as attitudes, traits, and abilities that are used to explain behavior. Therefore, people who make dispositional attributions regarding poverty and unemployment tend to adopt political positions that offer more direct support to the poor. However, those who tend to blame the poor for their problems are unsympathetic to the poor. It is important to consider that some people may adopt a more neutral stance regarding poverty and unemployment. They do not adopt positions that offer direct support to the poor or blame them for their problems.
Some may choose to analyze the situation more critically and determine the factors that contribute to poverty and unemployment. They may use this analysis to help create policies that address the underlying causes of poverty and unemployment. In conclusion, those who make dispositional attributions regarding poverty and unemployment tend to adopt political positions that offer more direct support to the poor. They are more sympathetic to the poor and recognize that external factors contribute to poverty and unemployment.
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profitability is an absolute number that appears on the bottom line of an income statement. question 21 options: true false
The statement “Profitability is an absolute number that appears on the bottom line of an income statement” is TRUE.
In accounting, profitability is a measurement of a company's capacity to generate earnings relative to its expenses and other relevant costs. It is a business's ability to produce a net income as a result of its economic activities.
It refers to how efficiently a company employs its assets to produce profits. It is one of the most important indicators of a company's financial health, as it demonstrates its ability to produce profits while also managing expenses.
A company's profit is stated on the bottom line of the income statement. It can be computed in a variety of ways, but the most frequent metric is net income. Net income is a company's overall revenue minus all costs and expenses.
It is possible to assess whether a company is profitable or not using the net income metric. A firm's profitability is affected by many factors, including its industry, product pricing, and cost structure.
A firm's profitability can also be determined using other financial ratios, such as gross profit margin, operating profit margin, and return on equity. A company's profitability is a critical measure of its financial well-being.
A company with a high level of profitability is frequently viewed as more stable and secure. The profitability figure on the income statement is the most important figure because it measures how much money the company earns after all expenses are deducted.
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what safeguards should an organization put in place to ensure any communication difficulties are real rather than imagined?
There are a few safeguards that an organization can put in place to ensure that any communication difficulties are real rather than imagined. Some of these include:
Establishing clear communication protocols and channels. This means that everyone in the organization should be aware of how communication should take place, what channels to use, and what to do if there are any issues.Conduct regular communication audits. This involves reviewing communication processes, protocols, and channels to ensure that they are effective and efficient. It can also help identify any areas of weakness or opportunities for improvement.Providing training and resources. Employees should be given the necessary tools and resources to effectively communicate with others. This includes training on how to use communication tools such as email, messaging platforms, and video conferencing.Encouraging open and honest communication. An organization should create an environment where employees feel comfortable expressing themselves and voicing their concerns. This can be achieved through regular feedback sessions, one-on-one meetings, and other communication channels.Developing contingency plans. An organization should have backup plans in place in case of communication breakdowns or other issues. This can include alternative communication channels, disaster recovery plans, and other contingency measures.By putting these safeguards in place, an organization can ensure that any communication difficulties are real rather than imagined. This can help prevent misunderstandings, improve collaboration, and promote a positive work environment.
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inventory costing methods place primary reliance on assumptions about the flow of question 7 options: 1) values. 2) resale prices. 3) costs. 4) goods.
Inventory costing methods place primary reliance on the assumptions about the flow of costs. These organizations keep a track of money. The correct option is 3.
What are Inventory costing methods?Inventory costing methods are used by organizations to keep track of how much money they spend on their products, what products are available, and how much profit they are making. It is essentially a way of keeping track of how much of the company's funds are tied up in its products.
Inventory costing methods are critical for accurately pricing products and determining the overall profitability of a company. Inventory costing methods depend on two primary assumptions:
1. Cost flow assumptions: There are several cost flow assumptions for inventory costing, including FIFO (first in, first out), LIFO (last in, first out), and weighted average.
2. Periodic and Perpetual Inventory Systems: A periodic inventory system records inventory transactions only at the end of an accounting period.
Therefore, the correct option is 3.
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a firm that has a marketing department organized geographically and a production process organized by function has which type of departmental structure? multiple choice question. process hybrid geographic customer group
The correct answer is hybrid. A company with a production process organised by function and a marketing department organised geographically has a hybrid departmental structure.
A hybrid organisational structure, often known as a matrix, combines aspects of divisional and functional systems into one. It incorporates these two structures, which is why it is frequently referred to as a hybrid model. Because it creates a matrix or a grid-like look, it is frequently referred to as a matrix structure.
Functional, multi-divisional, flat, and matrix structures are the four different forms of organisational structures. Others include network, circular, and team-based arrangements.
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Which of the following represent best practices in developing a Work Breakdown StructureInvolve project leaders in developing the WBS in order to foster ownership of the project.Include a risk analysisEach work package should include a noun and a verb.Use sticky notesTarget low level tasks with 8-80 hours duration.Don't worry about sequencing when developing the WBSThink HierarchicallyFor complex projects, have two separate teams develop their own WBS and then get together to compare results.
The best practice in developing a WBS is to Involve project leaders, Each work package should include a noun and a verb, Use sticky notes to visually represent the tasks, and Target low-level tasks with 8-80 hours duration.
The best practices in developing a Work Breakdown Structure (WBS) include:
1. Involve project leaders in developing the WBS in order to foster ownership of the project. This helps ensure that key stakeholders are engaged and have a sense of responsibility for the project's success.
2. Each work package should include a noun and a verb. This ensures that the tasks are clearly defined and easily understood by the project team.
3. Use sticky notes to visually represent the tasks in the WBS. This makes it easier to rearrange and reorganize tasks as needed during the development process.
4. Target low-level tasks with 8-80 hours duration. This helps to create a manageable scope for each task and allows for more accurate time and resource estimates.
5. Don't worry about sequencing when developing the WBS. Focus on breaking down the project into smaller tasks first, and then determine the appropriate sequence and dependencies later in the planning process.
6. Think hierarchically when developing the WBS. Organize tasks in a logical hierarchy, with the highest level representing the overall project goal and lower levels representing individual tasks and subtasks.
7. For complex projects, have two separate teams develop their own WBS and then get together to compare results. This can help identify potential gaps or inconsistencies in the overall project plan and ensure that all aspects of the project have been considered.
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it's applicable income tax rate is 25% federal and state combined and if 50% of dividends received are exempt from
The applicable income tax rate for dividends is 25% for both federal and state taxes combined. However, 50% of dividends received are exempt from taxes.
When answering questions on the Brainly platform, it is important to be factually accurate, professional, and friendly, as well as being concise and providing a step-by-step explanation. Any typos or irrelevant parts of the question should be ignored. The following terms should be used in your answer: "income."Question:
If a company's applicable income tax rate is 25% federal and state combined and if 50% of dividends received are exempt from tax, calculate the company's tax liability if the company's taxable income is $200,000.Solution:
Given, the applicable income tax rate = 25%,Federal tax rate = State tax rate = 25%/2 = 12.5%Taxable income = $200,000Dividends received = 50% of taxable income = 50/100 × $200,000 = $100,000 (exempted from tax)Taxable income - Exempted income = $200,000 - $100,000 = $100,000Total Taxable Income = $100,000Total Tax = (Total Taxable Income × Tax Rate) / 100= (100,000 × 25) / 100= $25,000Therefore, the company's tax liability is $25,000.
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Kilroy uses the net method to record sales on account. kilroy sells goods on account for $1,000 with terms 2/10, n/30. the journal entry to record this transaction will include (select all that apply.) multiple select question. debit to sales, $1,000.
credit to sales, $980.
credit to sales, $1,000. credit to accounts receivable, $980. debit to accounts receivable, $1,000.
debit to accounts receivable, $980.
Answer: The journal entry to record this transaction will include a debit to accounts receivable, $1,000 and a credit to sales, $1,000.
Explanation: When Kilroy sells goods on account for $1,000 with terms 2/10, n/30 and uses the net method to record sales on account, the journal entry to record this transaction will include a debit to accounts receivable, $1,000 and a credit to sales, $1,000. The terms 2/10, n/30 mean that if the customer pays within 10 days of the invoice date they will receive a 2% discount. If they do not pay within 10 days they must pay the full amount within 30 days of the invoice date.
Received message. The journal entry to record this transaction will include a debit to accounts receivable, $1,000 and a credit to sales, $1,000. When Kilroy sells goods on account for $1,000 with terms 2/10, n/30 and uses the net method to record sales on account, the journal entry to record this transaction will include a debit to accounts receivable, $1,000 and a credit to sales, $1,000. The terms 2/10, n/30 mean that if the customer pays within 10 days of the invoice date they will receive a 2% discount. If they do not pay within 10 days they must pay the full amount within 30 days of the invoice date.
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Which of the following best describes automatic stabilizers? a. New government spending and tax policies that influence the economy immediately. b. Government money spent to buy goods and services. c. Standing policies that activate automatically without government intervention, usually during a recession. d. Discretionary actions taken by Congress during an economic downturn.
The following best describes automatic stabilizers is (C) standing policies that activate automatically without government intervention, usually during a recession.
What are automatic stabilizers?Automatic stabilizers are designed to reduce the impact of economic instability without the need for a government intervention. They are built-in economic tools that trigger automatic responses to changes in the economic environment.The automatic stabilizers are often associated with the progressive taxation structure that makes taxes payable by those with high incomes.
As a result, it tends to promote the distribution of wealth and reduce inequality in society. They are usually seen as an effective way to combat economic downturns as they are self-regulating and kick-in during a recession without needing government intervention.Therefore, standing policies that activate automatically without government intervention, usually during a recession best describes automatic stabilizers. Therefore, the correct answers is C.
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the law of demand states that the quantity demanded of a good is inversely related to the price of that good. therefore, as the price of a good goes:
The law of demand states that the quantity demanded of a good is inversely related to the price of that good.
Therefore, as the price of a good goes up, the quantity demanded of that good goes down, and as the price of a good goes down, the quantity demanded of that good goes up.
This law applies to most goods and services, with a few exceptions, such as Giffen goods and Veblen goods.
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sunland company purchased merchandise inventory with an invoice price of $15400 and credit terms of 2/8, n/30. what is the net cost of the goods if sunland company pays within the discount period?
Sunland Company's net cost of the goods is $14,980 ($15,400 - $420 (2/8 * $15,400)). This is the cost of the merchandise inventory if the company pays within the discount period of 30 days.
To determine the net cost of the goods, if Sunland Company pays within the discount period, we need to find out the cash discount offered by the supplier.The credit terms 2/8, n/30 can be explained as:2 represents the cash discount percentage offered by the supplier for early payment.8 represents the number of days that the buyer has to pay for the goods to avail the cash discount.n/30 means the buyer has 30 days from the date of invoice to make payment without incurring any penalty.The calculation for the cash discount is done as follows:
Cash discount = Invoice price × Cash discount %Cash discount = 15400 × (2/100)Cash discount = $308The net cost of goods = Invoice price − Cash discountNet cost of goods = $15400 − $308Net cost of goods = $15092Therefore, the net cost of the goods is $15092 if Sunland Company pays within the discount period.
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according to parker and kunde (2017), there are times when team members make a decision based on the desire to be part of the team rather than the realistic appraisal of the situation. this is called
According to Parker and Kunde (2017), there are times when team members make a decision based on the desire to be part of the team rather than the realistic appraisal of the situation. This is called groupthink.
Groupthink occurs when team members make decisions based on what they believe the team wants, rather than on an objective assessment of the situation. This often results in bad decisions as team members are too concerned about being accepted by the group and not taking enough time to consider the implications of the decisions being made.
Groupthink can be caused by a number of factors, such as a desire to maintain harmony, lack of creativity or experience, and lack of participation in the decision making process. It can also be caused by the presence of an individual or leader who is overly influential.
To avoid groupthink, team members must be encouraged to think independently and to share their ideas. They should also be made aware of the possible consequences of their decisions. Furthermore, decision making should be open to all members and time should be taken to assess the implications of the decision.
Finally, it is important to remember that groupthink is not always bad. In some cases, it can be beneficial, as it can help the team reach a consensus quickly and allow for decisions to be made without the need for lengthy debates. However, this should be done with caution, as bad decisions can have disastrous consequences.
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what is not a typical supply chain management entry-level role for college graduates?
One of the non-typical entry-level roles in supply chain management for college graduates is software development.
Supply chain management is the systematic coordination of business processes and operations to manage the stream of goods, services, and information from raw materials to finished products. The primary goal of supply chain management is to optimize the flow of materials, information, and finances across the entire supply chain.
There are various entry-level roles available for college graduates in supply chain management, and some of these include the following:
Purchasing Manager: The primary responsibility of a purchasing manager is to ensure that the organization gets the goods and services it requires in a timely and cost-effective manner.Logistics Coordinator: A logistics coordinator is responsible for ensuring the efficient and timely movement of goods and services from suppliers to consumers.Supply Chain Analyst: The primary role of a supply chain analyst is to identify the inefficiencies in the supply chain and develop strategies to optimize the flow of materials, information, and finances across the supply chain.In conclusion, one of the non-typical entry-level roles in supply chain management for college graduates is software development.
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FILL IN THE BLANK. ___ is the difference between money from exports and money from imports, as well as from other sources such as foreign investment and military expenses.
Balance of payments is the difference between money from exports and money from imports, as well as from other sources such as foreign investment and military expenses.
Balance of Payments (BoP) is an account of all financial transactions that take place between a country's residents and those in the rest of the world over a specified time period. It's a systematic record of a country's economic transactions with other countries, including imports and exports of goods, services, and capital. A country's BOP has broken down into two accounts: the current account and the capital account.
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