Answers
Demand theory causes all conditions to change from 800 quantity demanded to 700 quantity demanded.
The demand theory is what?In the beginning, there are 800 rooms available for rent for a total cost of $100.
But, after the $10 tax was implemented, prices went up by $110, which diminished demand and resulted in 700 fewer rooms being rented (decreased).Buyers will demand fewer units of a good at a higher price, in accordance with the rule of demand, a fundamental cornerstone of economics. The law of diminishing marginal utility, which states that consumers utilise economic commodities to initially meet their most pressing demands, is what drives demand.
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Related Questions
In each of the following four cases, MRP L and MRP C refer to the marginal revenue products of labor and capital, respectively, and P L and P C refer to their prices. Indicate in each case whether the conditions are consistent with maximum profits for the firm. If not, state which resource(s) should be used in larger amounts and which resource(s) should be used in smaller amounts.
a. MRPL = $8; PL = $4; MRPC = $8; PC = $4
1. These conditions are consistent with maximum profits for the firm.
True or False
2. Which resource should be used in larger and/or smaller amounts?
i- Use less of both
ii- Conditions are already consistent
iii- Use more of both
iv- Use less labor and more capital
v- Use more labor and less capital
Answers
Answer:
1. It is true that these conditions are consistent with maximum profits for the firm.
2. The correct option is ii- Conditions are already consistent.
Explanation:
1. These conditions are consistent with maximum profits for the firm. True or False
Under the profit maximization theory for two or more inputs, profit is said to be maximized by a firm when the ratios of the marginal products to cost per unit of each input are equal to each other. For this question, this implies that when we have:
MRPL / PL = MRPC / PC ...................... (1)
From the question, we have:
MRPL / PL = $8 / $4 = 2
MRPC / PC = $8 / $4 = 2
These imply that equation (1) holds as follows:
MRPL / PL = MRPC / PC = 2
Therefore, it is true that these conditions are consistent with maximum profits for the firm.
2. Which resource should be used in larger and/or smaller amounts?
The correct option is ii- Conditions are already consistent.
This implies that there is no need to change the amount of any of the two goods since the conditions are already consistent with maximum profits for the firm.
Shane is a newly hired inventory manager at a manufacturing firm. What can he do to avoid shortages or excess quantity of inventory?
Answers
Answer:
take inventory on how much product he has and how much he needs
Explanation:
Answer:
Honestly not sure but I personally put "C. plan appropriate order cycles for the inventory"
Explanation:
Plato
Morin Company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 6.1% on these bonds. What is the bond's price
Answers
Answer:
The bond price is $1024.74.
Explanation:
Given,
time, t= 8 year
Maturity value, F = $1,000
interest rate, r = 6.1%
Coupon, C = $65
Bond's price = \(C [ \dfrac{(1-[1+r]^{-t} )}{r} ] + \dfrac{F}{[1+r]^t}\)
= \(65 [ \dfrac{(1-[1+0.061]^{-8})}{0.061}] +\dfrac{1000}{[1+0.061]^8}\)
= \(65 [\dfrac{ (1- \dfrac{1}{1.6059})}{0.061}] + \dfrac{1000}{1.6059}\)
= \(65 [ \dfrac{(1 - 0.6227)}{0.061}] +\dfrac{1000}{1.6059}\)
=\( 65\times [ 6.1852] + 622.70\)
=$1024.74.
Hence, the bond price is $1024.74.
2. (20 points) A couple plans to purchase a home for $320,000. Property taxes are expected to be $1,200 per year while insurance premiums are estimated to be $1400 per year. Annual repair and maintenance are estimated at $1,950. An alternative is to rent a house of about the same size for $2,150 per month [approximate using $25,800 per year]. If an 8.0% return before-taxes is the couple's minimum rate of return, what must the resale value be 10 years from today for the cost of ownership to equal the cost of renting
Answers
Answer:
$371,200
Explanation:
For the computation of annual price escalation first we need to follow some steps which are shown below:-
Future value of payment if the property purchased is
= Property taxes + Insurance premium + Annual repair and maintenance
= $1,200 + $1,400 + $1,950
= $4,550
Future value = (1 + K)^n
= (1 + 0.08)^10
= 2.158924997
or
= 2.16
Future value of annuity factor = (1 + K)^n -1 ÷ K
= ((1 + 0.08)^10 - 1) ÷ 0.08
= 1.158924997
÷ 0.08
= 14.487
Future value of the cost of property = Purchase amount of a home × Future value
= $320,000 × 2.16
= $691,200
Future value of recurring cost = Future value of payment if property purchased × Future value of annuity factor
= $4,550 × 14.487
= $65,915.85
Total value of payment = Future value of the cost of property + Future value of recurring cost
= $691,200
+ $65,915.85
= $75,7115.85
Future value of the payment in property taken on rent
The Total value of the payment in 10 year when the property taken on rent = Amount using per year × Future value of annuity factor
= $25,800 × 14.487
= $373,764.6
The amount incurred in both the methods will be the same if the property can be sold = Total value of payment - Total value of the payment in 10 year when the property was taken on rent
= $75,7115.85 - $373,764.6 0
= 383351.25
finally,
The annual price escalation = Future value of the cost of the property - Purchase amount of home
= $691,200 - $320,000
= $371,200
(True/False) Kathy and Tom are filing for divorce. Their marital home, which they still live in, is worth $7.5 million and their furniture and other assets are worth more than $25 million. Kathy wants half of everything, but Tom doesn't think she deserves more than 25 percent. They may file in federal court to have their dispute adjudicated.
Answers
False, first, the divorce case must be brought before the family court. then before the Honorable High Court, then the Honorable Supreme Court.
Where are divorce proceedings actually initiated?The divorce petition may be filed either in the family court located where the marriage really occurred, or in the family court located where you last remained as a married couple after getting married, depending on where you last resided as a married pair after getting married.
Divorce can be authorized by Family Court.Divorce is only permitted for legitimate causes. Family Courts Act of 1984 became a statute on September 14, 1984. With the intention of promoting peaceful resolution of marital and family conflicts, it established family courts and established guidelines for their administration.
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What 5 steps would you take to open a bank account for a client?
Answers
Steps for opening a bank Account:
choose a financial institution.
visit the financial institution or its website.
pick out our banking product.
provide our records and files.
conform to phrases and conditions.
Banks also can require us to finish a utility for a brand new account. This means offering extra records along with our physical address, smartphone quantity, and electronic mail cope with in case we are beginning a joint account, that individual additionally has to offer their identity and Social safety range.
When we open our account, make certain we have got a government-issued id to prove our identity. We will additionally want our Social safety range or personal taxpayer identification number, together with something that has our cop on it, such as a utility or cable bill.
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Once money metals came into use
it was easier for the seller to cheat the buyer
it was easier for the buyer to cheat the seller
it made no difference on the ease of fraud
Answers
The introduction of money metals as a medium of exchange provided a standardized form of currency that had intrinsic value. This made it easier for sellers to deceive or cheat buyers by providing counterfeit or debased coins or manipulating the quality or quantity of the metal used in the currency.
explain why the income tax graph has different slopes. what is the meaning of each slope?
Answers
If we are talking slopes, we are talking linear equations, since lines are the only functions with slopes. If the slopes are the same, the lines will be parallel, and that is where we have a case of no solution because parallel lines will never intersect. NEVER EVER. If the slopes are different, eventually the lines will intersect somewhere.
HOPE THIS HELPS :)
Company Dept. A Dept B. Predetermined overhead rate per direct labor hour $2.10 $2.40 $1.80 Direct labor hours hours worked on Job ABC 30 17 13 Based on this information, the overhead applied to Job ABC using multiple predetermined overhead rates is ______.
Answers
Answer:
Total applied overhead= $64.2
Explanation:
Giving the following information:
Dept. A Dept B.
Predetermined overhead rate per direct labor hour $2.40 $1.80
Job ABC:
Direct labor hours Dept A= 17
Direct labor hours Dept B= 13
We need to use the departmental predetermined overhead rates.
To allocate overhead, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Dept A= 2.4*17= $40.8
Dept B= 1.8*13= $23.4
Total applied overhead= $64.2
Why do young workers, just starting their careers, tend to get pay raises that are greater than increases in the cost of living (inflation)?
Answers
Young workers who are just starting their careers often experience pay raises that are greater than increases in the cost of living due to several factors:
Skill acquisition: Young workers typically have limited experience and skills when they start their careers. As they gain knowledge, expertise, and proficiency in their roles, their value to employers increases. Employers recognize this growth and provide pay raises to retain and motivate these employees.
Career advancement: Young workers often have the potential for rapid career advancement. They may start in entry-level positions but have opportunities to climb the career ladder relatively quickly. With each promotion or job change, there is an expectation of increased responsibility and higher compensation.
Market demand for skills: Certain industries or professions may experience high demand for young workers with specific skills or qualifications. When there is a shortage of talent in a particular field, employers may offer higher pay to attract and retain young professionals.
Competitive job market: In a competitive job market, employers may need to offer higher wages to attract and retain young talent. With multiple job opportunities available, young workers have more leverage to negotiate better compensation packages.
Future potential and investment: Employers often view young workers as long-term investments. They recognize the potential for these individuals to become valuable assets to the company in the future. By offering higher pay raises, employers aim to motivate and retain young talent, fostering loyalty and commitment.
It's important to note that not all young workers experience pay raises greater than inflation. Economic conditions, industry-specific factors, and individual performance can influence the extent of pay raises. Additionally, pay raises that exceed inflation may be more prevalent for high-demand industries or specialized roles.
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Sunland Corporation sells three different models of a mosquito “zapper.” Model A12 sells for $47 and has unit variable costs of $32.90. Model B22 sells for $94 and has unit variable costs of $65.80. Model C124 sells for $376 and has unit variable costs of $282. The sales mix (as a percentage of total units) of the three models is A12, 60%; B22, 15%; and C124, 25%.
If the company has fixed costs of $267,806, how many units of each model must the company sell in order to break even? (Round Per unit values to 2 decimal palces, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275.)
Answers
Answer:
A12 = 7,400 units * 60% = 4,440 units
B22 = 7,400 units * 15% = 1,110 units
C124 = 7,400 units * 25% = 1,850 units
7,400 units
Explanation:
Calculation of breakeven point :-
Total breakeven point :-
Total fixed costs / weighted average unit contribution margin
= $267,806 / $36.19
= 7,400 units
Model breakeven point :-
total breakeven point* sales mix
A12 = 7,400 units * 60% = 4,440 units
B22 = 7,400 units * 15% = 1,110 units
C124 = 7,400 units * 25% = 1,850 units
The weighted average contribution margin for Sunland Corporation's mosquito zapper models is 46.3%, calculated by taking the sales mix of each model into account. This figure indicates the proportion of each dollar of sales that contributes to covering fixed costs and generating profit.
The weighted average contribution margin is crucial for determining the company's profitability and making informed decisions about product mix and pricing strategies.
It reflects the overall efficiency of production and the ability to cover fixed expenses. By understanding the contribution margin for each model and their respective sales mix, Sunland Corporation can optimize its product offerings, focus on high-margin models, and allocate resources effectively to maximize profitability.
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Within a PPF framework, explain each of the following:_______.
(a) a disagreement between a person who favors more domestic welfare spending and one who favors more national defense spending, (b) an increase in the population, and (c) a technological change that makes resources less specialized.
Answers
Explanation:
a. Remember, the PPF (Production Possibility Frontier) framework allows for the selection of a preferred choice as regards budget spending. Hence, in such a situation, it calls for a choice to be made.
b. According to the PPF framework, where there is an increase in the population, it is expected that such change would result in an increase in the labor force capacity; and ultimately leading to an upward shift in the PPF curve. Thereby, increasing the overall production of the economy.
c. Within the PPF framework, a technological change that makes resources less specialized will result also result in an upward shift in the PPF curve.
On the 24th, a shooting incident occurred at a high school in St. Louis, Missouri, my country. A 19-year-old gunman opened fire on the campus, causing 2 deaths and 7 injuries, and was eventually shot dead by the police.
On October 25, St. Louis Mayor Tishaura Jones said that gun violence continues to take the lives of children and children in our country, and its severity is enough to become a "national emergency" and the government should take action. Police said at a news conference that day that the gunman was Orlando Harris, a 19-year-old male who just graduated from the high school last year.
Answers
The deaths at the high school in St. Louis, Missouri, United States show that an argument can indeed be made for tighter gun controls in the country.
Should there be tighter gun controls in the United States?The most recent tragedy that resulted from gun violence in the United States, was the killing of two people at the Central Visual and Performing Arts High School, St. Louis, Missouri, by a previous student of the school.
Over the years, there have been other instances of gun violence in American schools including the shooting at Uvalde, Texas that led to the deaths of 19 children.
The United States has the highest rates of gun ownership in the entire world as well as one of the highest rates for mass shooting. This means that there must be a correlation between the two. Nations that have tighter gun controls have lower rates of mass shooting.
There is therefore a good enough argument that the United States should introduce stricter and tighter gun controls in order to reduce the incidence of mass shootings, especially at schools.
The rest of the question is:
Does this shooting add more evidence for the argument for tighter gun control or less?
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Ted owns a small florist shop. Since his business is booming, his realizes he will soon need one more delivery van. He decides he will purchase a full size van versus a minivan, which he currently owns. The van he is looking to buy in 3 years will cost him $25,000. How much should he invest each quarter into an account that pays 3% per year compounded quarterly, so that he can have the desired funds in 3 years
Answers
Answer:
$1998.79
Explanation:
Quarterly payment = future value /annuity factor
Annuity factor = {[(1+r)^mn] - 1} / r
r = interest rate = interest rate / number of compounding 3%/4
N = number of years
m = number of compounding
Annuity factor =[ (1.0075)^12 - 1] / 0.0075 = 12.507586
Quarterly payment = $25,000 / 12.507586 = $1998.79
QUESTION 3 of 10: What is the goal of recruiting?
O a) Fill a position as fast as possible
O b) Promote the corporate mission statement
OC) Make work life easier for the company and for the personnel recruited to fill a position
Submit
Answers
Answer:
C
Explanation:
it is called because they have to have a vision of what they want to accomplish
The correct option is C.
What are smart goals for recruiters?
The most successful recruitment goals — and business goals in general — are SMART goals. They are Specific, Measurable, Achievable, Relevant, and Time-Based goals that provide a clear objective and action plan.
What is the goal of recruiting process?The goal of your recruiting process should be to attract top performers and start building strong relationships with them — engaging them with your company from the first touch. It's crucial because A-players have a vision of what they want to accomplish, both in their personal lives and in their careers.
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In January 2020, the Philippines increased a tax imposed on alcohol products to 22 percent of the net retail price. What type of tax is this?
Answers
Answer:
hyper tax
Explanation:
All three of the $5000 billion GDP figures (Production, Income and Spending) are in ____________ dollars.
Answers
Answer: D inflation adjusted, real
Explanation:
The GDP calculation acquired in the flow chart of $5,000 billion were all done after adjusting for inflation which means that they were in real dollars.
Inflation adjusted GDP enables more effective comparison between different periods as inflation tends to inflate the prices of goods and services and can make one think that the economy has grown more than it actually has.
When the value of GDP is inflation adjusted, it can then be seen just how much the economy improved or shrank.
f Honduras is open to international trade in oranges without any restrictions, it will import
tons of oranges.
Suppose the Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers. A tariff of
$
per ton will achieve this.
A tariff set at this level would raise
$
in revenue for the Honduran government.
Answers
Suppose that Honduras is open to international trade in oranges without any restrictions, it will import an infinite amount of oranges. Therefore, the import of oranges can be limited through a tariff. The Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers.
A tariff of $720 per ton will achieve this. A tariff set at this level would raise $72,000 in revenue for the Honduran government.
Tariff: It is a tax imposed by a government on imported or exported goods. The main purpose of a tariff is to limit imports and protect domestic production and employment.
In this scenario, a tariff is imposed by the Honduran government to limit the import of oranges and help domestic producers. Therefore, if the tariff is set at $720 per ton, then it would reduce the imports of oranges to exactly 100 tons, which is the desired goal of the Honduran government.
Moreover, the tariff rate multiplied by the number of imports gives the amount of revenue raised by the Honduran government, which is $720 × 100 = $72,000. Thus, a tariff set at $720 per ton will raise $72,000 in revenue for the Honduran government.
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True or false many small businesses fail every year
Answers
Answer:false
Explanation:
liz works at heedles computer outlet. she receives a weekly salary of $200 plus 3% commision on her sales. last week, she sold $29,700 of computer equipment. how much did liz earn last week?
Answers
Answer: Liz earned $1037 last week.
Explanation:
Given,
Fixed weekly salary of Liz= $200
Commission received by Liz on her sales= 3% on sales
Sales on last week by Liz: $27,900
Now,
Commission earned on sales = 3% of $27,900
= 3/100 * $27,900
=3* $279
=$837
Therefore, 3% commission on $27,900= $837
Liz gets this 3% commission on top of her weekly $200.
Thus, the Total earnings for Liz last week = $200+$837
= $1037
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Question 6 of 10
A risk response plan lists your risks, including identified risk causes, description, and
Select an answer:
potential impacts
why the risk can't be avoided
your sponsor's assignee to handle risk
issue register
Answers
A risk response plan lists your risks, including identified risk causes, descriptions, and Option A. potential impacts.
The Risk Response Planning is a process that recognizes potential risks, assesses them, and establishes management plans to reduce or prevent them. Risk response plans should describe the expected outcome of each response action, any significant input from stakeholders, and the time and resources required to carry out the response. A risk response plan typically includes the following sections:
Risk Management Plan Preparation - This section provides guidance for preparing the risk management plan's remainder. It describes the recommended contents of the risk management plan and the recommended process for preparing it.
Risk Identification - This section identifies risk sources that might cause a negative outcome for the project. It also provides a risk identification checklist that the project team can utilize as a starting point for identifying risks.
Risk Analysis - This section analyzes each identified risk's potential impact on project success by estimating the probability of occurrence and the potential effect on the project's objectives.
Risk Response Development - This section outlines the strategies and actions for managing risks. It includes contingency plans for high-priority risks and an implementation plan for all other risks.
Risk Response Control - This section describes how to evaluate the effectiveness of the risk response strategy, establish contingency plans, and implement corrective action as needed.
Risk response plans should be developed in collaboration with stakeholders to ensure that the project's risks are addressed appropriately. In addition, they should be reviewed regularly and updated as necessary throughout the project. The most important part of any risk response plan is the risk response strategy, which describes the specific actions to be taken in response to each identified risk. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
Question 6 of 10
A risk response plan lists your risks, including identified risk causes, descriptions, and
Select an answer:
A. potential impacts
B. why the risk can't be avoided
C. your sponsor's assignee to handle risk
D. issue register
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PLEASE HELP WITH THIS
The United States government is in debt. But is this a problem? After all, can’t the federal government simply print more money without repercussions? Unfortunately, the solution is not that simple.
Your first task is to identify the current US national debt. Next, identify at least three possible implications if the national debt is not reduced. Lastly, provide at least three examples in which the national debt can be reduced.
Answers
The United States government is in debt. But is this a problem? After all, can’t the federal government simply print more money without repercussions? Unfortunately, the solution is not that simple. What could happen they didn't pay it off? The government not paying off there debt could increase interest rates, which could then increase prices and contribute to inflation. The stock market would also suffer if they don't pay it off. Ways they could reduce the national debt would be, raising taxes, slashing government expenses, and cutting military expenditures.
(I didn't know if your first sentence was your intro or not, sorry! you may take it out if not. Hoped this helped!)
Inflation may result from rising interest rates brought on by the government's failure to pay down its debt. If they didn't pay it off, the stock market would also suffer. Raising taxes, decreasing government spending, and reducing military spending are all possible ways to lower the national debt.
What do you mean by Debt?A debt is an amount of money that has been borrowed for a set period of time and must be repaid, plus interest. The borrower's creditworthiness affects both the debt's size and its acceptance. There are various debt categories, and they change depending on the borrower's needs.
The federal government's debt, which includes public debt, federal trust funds, and numerous government accounts, is referred to as the "national debt." The national debt, to put it simply, is the sum of the government's debts to both itself and to others. This represents the total deficit that the government has racked up over time.
Therefore, Rising interest rates brought on by the government's failure to pay off its debt could cause inflation.
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Mr. D is the manager of a local walgreens. His biggest concern is to make sure that his store is always making the most profit possible. He cuts costs by focusing on certain logistical decisions. Every other day walgreens receives shipments from pepsi, evian, hershey, and numerous other manufacturers. Walgreens insists on small shipments every two days, which helps to keep their inventory costs low. What system is mr. D using at walgreens to reduce his costs?.
Answers
The system is mr. D using at walgreens to reduce his costs is just in time inventory.
What is just in time inventory?JIT, or just-in-time inventory management, involves only ordering products from vendors when they are actually needed. This approach's primary goals are to lower the cost of keeping inventory and boost inventory turnover.With a just-in-time (JIT) inventory system, a business receives products as close as feasible to the moment they are actually required. As a result, if an auto assembly facility wants to install airbags, it doesn't maintain a supply on hand; instead, it gets them as the cars are put together.In conclusion. When used properly, JIT inventory can be a terrific method to reduce costs and boost productivity.
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Among the changes that labor reformers wanted after the Industrial Revolution was more jobs for untrained workers. a ban on child factory workers. jobs for women factory workers. equal pay for owners and workers.
Answers
Among the changes that labor reformers wanted after the Industrial Revolution was: B. A ban on child factory workers.
Changes that labor reformers wantedThe changes that labor reformers wanted was to be an end to child labor or underage labor.
Labor reformers play an important role by fighting to stop child labor and to as well fight for a better working conditon for workers as well as better wages or remuneration.
Therefore Among the changes that labor reformers wanted after the Industrial Revolution was: B. A ban on child factory workers.
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Among the changes that labor reformers wanted after the Industrial Revolution was more jobs for untrained workers and ban on child factory workers. Thus, option A is correct.
What were the child labor reforms?Child labour laws are pieces of legislation that limit and govern kids' employment. Because children could fit in smaller spaces and employers could pay them less during the Industrial Revolution, child labor increased.
Although Massachusetts passed a child labor law in 1836, Prussia was the first nation to impose restrictions on child labor in factories and set a limit on the number of hours a child could work. By 1890, there were laws against child labor in almost all of Europe. Child labor has been a problem since the dawn of civilization. Children were employed by nomadic tribes to gather berries and perform minor maintenance, according to early history.
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1. Which of the following people is/are legally required to file a tax return?
1. Amanda, who can be claimed as a dependent and earned $850 last year.
2. Greg, who can be claimed as a dependent and earned $12,650 last year.
3. Jason, who cannot be claimed as a dependent and earned $1,500 last year.
4. Erin, who cannot be claimed as a dependent and earned $14,000 last year.
Answers
These people are legally required to file tax return.
Greg, who can be claimed as a dependent and earned $12,650 last year.
Erin, who cannot be claimed as a dependent and earned $14,000 last year.
What is tax return?Tax return is a form that is filled by tax payer which contain income, expenses or tax information .
This enable the tax payer to calculate their tax liability, tac expenses or schedule.
Those that can required to file tax return are ;
A single person Under 65 of ageand income of $12,550 65 or older with income $14,250Married filing jointly Under 65 (both spouses) $25,10065 or older (one spouse) with income $26,45065 or older (both spouses) with income of $27,800Married filing separately Any age $5Head of household Under 65 with income of $18,80065 or older with income $20,500Qualifying widow(er) Under 65 with income of $25,100.65 or older.Therefore,
These people are legally required to file tax return.
Greg, who can be claimed as a dependent and earned $12,650 last year.Erin, who cannot be claimed as a dependent and earned $14,000 last year.For more details on tax return check the link below.
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solve this challenge delay in payment of contribution by employee, by going through these steps, identify the problem, identify the alternative solution, evaluate alternative solution, select the best Alternative, implementation and follow up .in Zanzibar social security fund
Answers
To address the issue of delayed payment of contributions by employees to the Zanzibar Social Security Fund, it is crucial to follow a systematic approach.
How can the problem of delayed payment of contributions be addressed?Firstly, the problem needs to be identified which is the delay in payment of contributions by employees. This delay will result in financial instability for the fund and may hinder its ability to provide social security benefits to its members in a timely manner.
The alternative solution to this problem could be implementing stricter enforcement measures and penalties for late payments. By imposing significant fines or penalties for delayed contributions, employees would be incentivized to make timely payments to the fund.
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Which of the following phrases describes a required competency for an IT
position?
A. "Must be able to update software
B. "Must have a friendly disposition"
C. "Must be able to fax documents"
OD. "Must be able to lift 100 lbs."
Answer: A.
Answers
Must be able to update software describes a required competency for an IT position. The appropriate response is option A.
What is IT ?Information technology (IT) is the creation, processing, storage, safe transmission, and exchange of all types of electronic data. IT includes the use of computers, networking, storage, and other physical devices.
Information technology contributes to the development and expansion of the business and commercial sector as well as to maximizing production. The time it takes for different industries to produce business has decreased as a result of information technology improvements.
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you lose your job as a result you purchase more campbell’s soup. This inflation shows that you considered campbells soup to be a
Answers
The increased purchase of Campbell's soup after losing a job reflects considering it as a reliable option during inflationary times.
The decision to purchase more Campbell's soup in response to losing a job can be attributed to the concept of inflation. Inflation refers to the general increase in prices of goods and services over time, resulting in the eroding purchasing power of money.When facing a loss of income or job insecurity, individuals often seek to maximize the value of their money by purchasing goods that they perceive as having stable or increasing value. In this case, the individual may consider Campbell's Soup as a reliable choice due to its reputation, long-standing presence in the market, and the perception that its value will hold or increase even during inflationary periods. Therefore, purchasing Campbell's soup can be seen as a strategy to protect against the eroding effects of inflation and maintain some level of stability in uncertain times.For more such questions on Inflationary:
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On January 1, 2020, Pearl Company makes the two following acquisitions.
1. Purchases land having a fair value of $360,000 by issuing a 5-year, zero-interest-bearing promissory note in the face amount of $606,621.
2. Purchases equipment by issuing a 7%, 8-year promissory note having a maturity value of $560,000 (interest payable annually). The company has to pay 11% interest for funds from its bank.
(a) Record the two journal entries that should be recorded by Pearl Company for the two purchases on January 1, 2020.
(b) Record the interest at the end of the first year on both notes using the effective-interest method.
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Answer:
a) journal entry to record land purchase
January 1, 2020
Dr Land 360,000
Dr Discount on notes payable 246,621
Cr Notes payable 606,621
journal entry to record purchase of equipment
January 1, 2020
Dr Equipment 444,725.96
Dr Discount on notes payable 115,274.04
Cr Notes payable 560,000
present value of $560,000 using bank interest rate = $560,000 / 1.11⁸ = $242,998.84
annual interest payment = $560,000 x 7% = $39,200
PV of annuity = $39,200 x 5.1461 (PV annuity factor, 11%, 8 periods) = $201,727.12
total present value of notes payable = $242,998.84 + $201,727.12 = $444,725.96
discount on notes payable = $560,000 - $444,725.96 = $115,274.04
b) interest expense for the first notes payable (used to purchase land) = $360,000 x 11% = $39,600
December 31, 2021, accrued interest expense on notes payable 1
Dr Interest expense 39,600
Cr Discount on notes payable 39,600
interest expense for the second note
interest expense = $444,725.96 x 11% = $48,919.86
cash paid = $560,000 x 7% = $39,200
discount on notes payable = $48,919.86 - $39,200 = $9,719.86
December 31, 2021, accrued interest expense on notes payable 2
Dr Interest expense 48,919.86
Cr Cash (or interest payable) 39,200
Cr Discount on notes payable 9,719.86
foreign direct investment occurs when a firm invests resources in business activities outside its home country.
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Foreign Direct Investment (FDI) occurs when a firm invests resources such as capital, technology, and personnel in a business venture outside its home country.
FDI typically involves the establishment of a subsidiary in the host country, either through a joint venture, the purchase of an existing business, or the establishment of a new business. FDI is different from portfolio investments, which involve the purchase of stocks and bonds of foreign companies without taking an active role in their operations. For the investor, FDI can provide access to new markets, increased revenue streams, and the ability to reduce production costs by taking advantage of lower labor costs in the host country. For the host country, FDI can bring capital, technology, and job creation, as well as increased tax revenues. At the same time, FDI can also create potential challenges for both the investor and the host country. For the investor, there is the potential for political, economic, and legal risks associated with investing in a foreign country.
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