Which of the following statements regarding employer reporting of pension trust funds is not correct? Group of answer choices Contributions by the governmental funds are recorded as expenditures in the General Fund. The net pension liabilities of proprietary fund employees are reported in the proprietary fund-basis statements. The net pension liability is reported in the government-wide financial statements. The net pension liability is reported in the governmental fund financial statements. Re-watch Continue Play 17:49 19:44 Question 1, Answered Question 2, Answered Question 3, Answered Question 4, Unanswered Question 5, Unanswered Volume Playback Speed 1x 1x Media Quality Full Screen Playback Speed Play Volume Media Quality Full Screen Details Quiz Results
Answer: The net pension liability is reported in the governmental fund financial statements
Explanation:
A pension trust fund is a long term savings plan that is being contributed to by the employer and the employee and it's a form of job benefit.
A pension plan is used to help workers build their retirement income and then withdraw as annuity payments. The option that the net pension liability is reported in the governmental fund financial statements isn't correct.
Amy is a licensed Florida broker associate. She previously renewed her license 20 months ago. What should Amy do to renew her license for the next renewal period?
Immediately submit a renewal application. No additional education is required.
Complete 14 hours of FREC approved continuing education within the next 16 months and submit her renewal application.
Complete 14 hours of FREC approved continuing education within the next 4 months and submit her renewal application.
Complete 14 hours of FREC approved continuing education and have her sponsoring broker renew her license.
To renew her license for the next renewal period, Amy, as a licensed Florida broker associate, should complete 14 hours of FREC (Florida Real Estate Commission) approved continuing education within the next 16 months and submit her renewal application. Option b is correct.
It is important for Amy to fulfill this requirement before the expiration of her current license, which is 20 months from the previous renewal.
Once Amy completes the required 14 hours of continuing education, she can then submit her renewal application to the appropriate regulatory authority. This process ensures that she stays up to date with the latest developments and regulations in the real estate industry.
Additionally, Amy should also ensure that her sponsoring broker is aware of the renewal process and have them support her in renewing her license.
It is worth noting that immediately submitting a renewal application without completing the necessary continuing education or completing it within a shorter timeframe (e.g., within the next 4 months) would not be in compliance with the licensing requirements.
Therefore, Amy must adhere to the prescribed guidelines to successfully renew her license. So, the correct option is complete 14 hours of FREC approved continuing education within the next 16 months and submit her renewal application.Option b is correct.
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Organizations refers to _____. demographics communication competition possible customers
Answer:
Organizations refers to demographics
Explanation:
An investor sells 150 shares of Amazon (AMZN) stock at $35.00 and pays a $7 commission. What is the total amount of money received by the investor ?
$5,243
$5,250
$5,520
Please help me answer it correctly
Answer:$5,257 well....thats not an option so im sorry....if i were to guess based on answer opitons i would pick $5,243
Explanation:
:)
outline five ways on how the owner/manager dealt with the crisis experienced in the workplace
The major five ways how the manager dealt with a crisis experienced in the workplace are planning, Leading with empathy, do not be risk-averse, taking action, and remaining calm.
What do you mean by managers?A manager refers to a professional that takes a leadership role in the organization and manages various teams of employees.
The major ways that a manager has to deal with the crisis experienced in the workplace are planning, leading with empathy, do not be risk-averse, taking action, and remaining calm.
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3. How did followers in this case act in ways that contribute to the power of destructive leaders and their goals? What was the debilitating impact their actions had on the organizations?
The followers in the Penn State Sexual Abuse Scandal acted in ways that contributed to the power of the destructive leader and his goals.
How did followers contributed to power of the destructive leader?Jerry Sandusky was convicted of sexually abusing multiple young boys over a period of several years which has erupted following Sandusky's arrest revealed a pattern of behavior in which followers including university officials and members of the football program.
This rruption enabled Sandusky's abusive behavior by ignoring or covering up reports of misconduct. In some cases, individuals who spoke out against Sandusky's behavior were ostracized or punished for challenging the status quo. This pattern of behavior allowed Sandusky to continue his abuse unchecked and contributed to the power he held over those around him.
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True/False Questions. Each question carries 4 marks. Please write your answer in Section B in the Answer
Sheet.
1. Evaluating operations by comparing actual results to budgeted results is a part of the controlling
responsibility of management.
\(\large\rm\color{Yellow}Answer:\)
Evaluating operations by comparing actual results to budgeted results is a part of the controlling responsibility of management.
True#CarryOnLearning
SA Traders is a registered VAT vendor. The following information was recorded in the accounting records of SA Traders as at 28 February 2022 (the financial year-end):
R
Office furniture at cost
228 500
Vehicles at cost
575 000
Accumulated depreciation: Office furniture (1 March 2021)
89 650
Accumulated depreciation: Vehicles (1 March 2021)
230 950
The office furniture is depreciated at 30% per annum, using the straight-line method. Vehicles are depreciated at 20% per annum, using the reducing balance method.
What will be the carrying value of the vehicles as at 28 February 2022?
The carrying value of the vehicles as of 28 February 2022 is 275,240.
To determine the carrying value of the vehicles as of 28 February 2022, we need to consider the original cost of the vehicles, accumulated depreciation, and the depreciation method used.
The original cost of the vehicles is given as 575,000.
The accumulated depreciation as of 1 March 2021 is 230,950.
The depreciation method used for vehicles is the reducing balance method, which means that the depreciation expense is calculated as a percentage of the remaining carrying value of the asset each year.
To calculate the depreciation for the year ending 28 February 2022, we need to determine the depreciation expense for the year. The reducing balance depreciation is calculated as a percentage of the carrying value of the asset after deducting the accumulated depreciation.
Depreciation expense for the year = Carrying value of the asset * Depreciation rate
The depreciation rate for vehicles is 20% per annum.
Carrying value of the vehicles as of 1 March 2021 = Original cost - Accumulated depreciation
Carrying value of the vehicles as of 1 March 2021 = 575,000 - 230,950
Carrying value of the vehicles as of 1 March 2021 = 344,050
Depreciation expense for the year ending 28 February 2022 = 344,050 * 20% = 68,810
To find the carrying value of the vehicles as of 28 February 2022, we deduct the depreciation expense for the year from the carrying value as of 1 March 2021:
Carrying value of the vehicles as of 28 February 2022 = Carrying value as of 1 March 2021 - Depreciation expense for the year
Carrying value of the vehicles as of 28 February 2022 = 344,050 - 68,810
Carrying value of the vehicles as of 28 February 2022 = 275,240
Therefore, the carrying value of the vehicles as of 28 February 2022 is 275,240. This represents the net book value of the vehicles after accounting for depreciation.
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Required information The Ferre Publishing Company has three service departments and two operating departments. Selected data from a recent period on the five departments follow: Service Departments Operating Departments Administration Janitorial Maintenance Binding Printing Total Costs $168,000 $126,000 $57,600 $330,000 $516,000 $1,197,600 Number of employees 60 35 140 315 210 760 Square feet of space occupied 15,000 10,000 20,000 40,000 100,000 185,000 Hours of press time 30,000 60,000 90,000 Administration is allocated based on number of employees; Janitorial based on space occupied; and Maintenance based on hours of press time. Required: Assuming that the company uses the direct method to allocate service department costs, how much cost would be assigned to each operating department
Answer:
The Ferre Publishing Company
Allocation of Cost to Each Department under the Direct Method;
Service Departments Operating Departments
Admini Janitorial Mainten Binding Printing Total
-stration -ance
Costs $168,000 $126,000 $57,600 $330,000 $516,000 $1,197,600
Admin. (168,000) 100,800 67,200 0
Janitorial (126,000) 36,000 90,000 0
Maintenance (57,600) 19,200 38,400 0
Total assigned cost $486,000 $711,600 $1,197,600
Explanation:
a) Data and Calculations:
Service Departments Operating Departments
Admini Janitorial Mainten Binding Printing Total
-stration -ance
Costs $168,000 $126,000 $57,600 $330,000 $516,000 $1,197,600 Number of
employees 60 35 140 315 210 760
Square feet of space
occupied 15,000 10,000 20,000 40,000 100,000 185,000 Hours of press time 30,000 60,000 90,000
Allocation basis Allocation Basis Allocation Rate Calculation
Administration Number of employees $320/employee ($168,000/525)
Janitorial Space occupied $0.90/space ($126,000/140,000)
Maintenance Hours of press time $0.64/press time ($57,600/90,000)
The direct method is one of the methods that The Ferre Publishing Company can use to allocate the overhead costs of the three service departments: Administration, Janitorial, and Maintenance to the Operating Departments: Binding and Printing. Others are the Step method and the Reciprocal method. The Step method allocates one service costs to some other service departments one by one. The Reciprocal relies on an elimination formula.
Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2020. During that time, he earned $76,000 of self-employment income. On April 1, 2020, Kyle took a job as a full-time software engineer with one of his former clients, Hoogle Inc. From April through the end of the year, Kyle earned $196,000 in salary. What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year
Answer:
$18,943.40
Explanation:
FICA taxes when Kyle was self employed = $76,000 x 15.3% = $11,628
Social security taxes while employed = ($137,700 - $76,000) x 6.2% = $3,825.40
Medicare taxes while employed = [($200,000 - $76,000) x 1.45%] + [($196,000 + $76,000 - $200,000) x 2.35%] = $1,798 + $1,692 = $3,490
Total FICA taxes = $18,943.40
QUESTION 1
On 1 July 2021, Iriz Bhd (IB) purchased a piece of land with an existing old building for RM2,000,000. IB demolished the building and constructed a new building as headquarters on the site. The new building and land improvement are expected to last for 50 years with no residual value and the construction was fully completed by 30 June 2022.
The following represents various expenses related to the purchase of land and construction of new building during 2021 and 2022:
Items RM
Lawyer’s fee to close the purchase deal 20,000
Cost of land fill and clearing 15,000
Architect’s fee 150,000
Fencing around the land 100,000
Cost of demolishing existing building 50,000
Interest on financing of construction paid during construction 250,000
Receipts from sale of demolition scraps 25,000
Construction costs 1,200,000
Landscaping (trees and shrubs), permanent in nature. 40,000
Parking lots and concrete walks on the property 200,000
Insurance premium on building for 2-year periods (50% during construction period) 30,000
Moving costs from old headquarters to new headquarters 150,000
To accommodate the mission of improving productivity and efficiency, the company also bought a new special equipment and made the following payments.
Items RM
Manufacturer’s list price 4,500,000
Discount term, IB paid within discount period 2/10, n 60
Delivery charge 75,000
Installation charge 50,000
Additional components to increase capacity to achieve intended quality 100,250
Storage cost RM5,000 (it was delivered before the factory is ready for installation 6,000
Service and maintenance 24,500
Replacement parts 17,000
Test runs 16,500
Small spare parts 2,600
During the test runs, some samples were produced and sold. The proceeds from these samples amounted to RM25,000.
On 1 January 2022, IB exchanged its old truck with a new truck to Rosken Bhd. The old truck was bought on 1 January 2020 at RM200,000 and annual depreciation rate was 20%. The fair value of the old truck at the date of exchange was RM100,000. In addition to the old truck, IB paid RM50,000 cash to Rosken Bhd. The exchange of the equipment has commercial substance.
REQUIRED:
(a) Calculate the cost of property, plant and equipment below based on MFRS 116 Property, Plant and Equipment. Show all calculations.
(i) Land
(ii) Land Improvement
(iii) Building
(iv) Equipment
(b) Prepare the journal entries to record the transaction related to the exchange of truck by Iriz Bhd.
(a) Cost of property, plant and equipment:
(i) Land: RM2,000,000
(ii) Land Improvement: RM165,000
(iii) Building: RM1,880,000
(iv) Equipment: RM4,595,350
(b) Journal entries:
Debit: Equipment (new truck) RM250,000, Accumulated Depreciation RM160,000, Cash RM50,000
Credit: Equipment (old truck) RM100,000.
(a) Calculation of cost of property, plant and equipment:
(i) Land:
Cost of land: RM2,000,000
(ii) Land Improvement:
Fencing around the land: RM100,000
Landscaping (trees and shrubs): RM40,000
Parking lots and concrete walks: RM200,000
Total land improvement cost: RM100,000 + RM40,000 + RM200,000 = RM340,000
(iii) Building:
Construction costs: RM1,200,000
Demolition cost: RM50,000
Insurance premium (50% during construction): RM30,000 * 50% = RM15,000
Total building cost: RM1,200,000 + RM50,000 + RM15,000 = RM1,265,000
(iv) Equipment:
Manufacturer's list price: RM4,500,000
Discount received (2% of RM4,500,000): RM4,500,000 * 2% = RM90,000
Net amount paid for equipment: RM4,500,000 - RM90,000 = RM4,410,000
Additional components cost: RM100,250
Delivery charge: RM75,000
Installation charge: RM50,000
Storage cost: RM5,000
Total equipment cost: RM4,410,000 + RM100,250 + RM75,000 + RM50,000 + RM5,000 = RM4,640,250
(b) Journal entries for the exchange of truck:
Debit:
- Equipment (new truck): RM250,000
- Accumulated Depreciation: RM160,000
- Cash: RM50,000
Credit:
- Equipment (old truck): RM100,000
Note: The above journal entries reflect the exchange of the old truck with a new truck where the fair value of the old truck is RM100,000 and the cash paid is RM50,000. The difference between the fair value of the old truck and the cost of the new truck is accounted for in the Equipment (new truck) account.
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An application of the Law of Supply is,
Answer:The law of supply says that a higher price will induce producers to supply a higher quantity to the market. Supply in a market can be depicted as an upward sloping supply curve that shows how the quantity supplied will respond to various prices over a period of time.
Explanation:
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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Which of the following is not a product category?
a. Shaving products
b. Sunscreen
c. Soft drinks
d. Tobacco products
e. All of these are product categories.
Answer:
All of these are product categories.
Do you have, or have you ever had test-taking anxiety? What strategies will you use to manage test anxiety?
Explanation:
My test anxiety generally comes from a desire to do well. It usually accompanies the situation where I am not as prepared for the test as I would like to be, or where I have no idea what subject matter the test may cover.
__
My anxiety management strategy is to prepare for a test as well as I can in the time allotted, and detach from the outcome. In the case of specific subject matter tests (as opposed to "achievement" tests), a well-made test will be educational, so later questions help answer earlier ones. Paying attention to that possibility also manages test anxiety by letting me go back and correctly answer questions I might have missed.
__
One of the most effective techniques for managing test anxiety (beyond a decent level of preparation), is the use of Emotional Freedom Techniques (EFT), also known as "tapping." A few rounds of tapping on specific points on bodily energy meridians can greatly relieve stress and improve test performance. The process takes only minutes to learn and execute, and can be very effective. (Look up articles or videos on EFT Tapping.)
With a savings and investment program designed for retirement, you can _?_. Choose all that apply. (personal finance class)
prepare for those emergency expenditures
primarily help your friends and family in time of need
ensure that you will be better prepared for your retirement years
none of the above
The savings and investment program that is designed for retirement can be used to:
prepare for those emergency expenditures primarily help your friends and family in time of need.ensure that you will be better prepared for your retirement years.What is an investment?It should be noted that an investment simply means the dedication of asset in order to attain an increase in value for a period of time.
In this case, the investment van be used to prepare for those emergency expenditures, primarily help your friends and family in time of need and ensure that you will be better prepared for your retirement years.
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Is there anything in your personal, professional, or financial history that requires explanation?
Unclear question. Answered from a general perspective.
Explanation:
Yes. There are certain aspects of one's financial history for example that may require further explanation.
For example, in the case of someone who took a loan in the past that is yet to be fully paid may need to provide a further explanation as to why there was a default in the loan repayment.
Emily is deciding whether to buy the same designer jacket her friends have. The jacket is much more expensive than a similar one from a lesser-known brand.
all of the below is correct
Is advertising influencing her?
What are her motivations?
Has she compared prices?
Is she buying at the right time?
Answer: the right answers are
Is advertising influencing her?
What are her motivations?
Has she compared prices?
Is she buying at the right time?
Explanation:
took the test
Answer:
Is advertising influencing her? What are her motivations? Has she compared prices? Is she buying at the right time?Explanation:
on edge2021! hope this helps!!~ °˖✧◝(⁰▿⁰)◜✧˖°
2. What is accounting?
Answer:
aare you askin the meaning?
Explanation:
Answer:
accounting is the process of recording financial transactactions pertaining to a business. the accounting process includes summarizing, regulators, and tax collection entities.
Explanation:
i really hope this helped
if it did then can you pls mark me as brainliest
or hit the thanks butten
pls and thank you!!
What expectation for ethical behavior and procedures that should be followed?
Ethical behavior and procedures are essential in maintaining integrity and trust in any organization. The expectations for ethical behavior and procedures may vary depending on the specific industry, organization, and jurisdiction.
However, there are some common principles and guidelines that can be followed. Here are a few key expectations:
Compliance with Laws and Regulations: Employees and stakeholders should comply with all applicable laws, regulations, and industry standards. This includes legal and regulatory requirements related to financial reporting, taxation, data protection, workplace safety, and environmental protection.
Honesty and Integrity: Individuals should act with honesty, integrity, and transparency in all their professional interactions. This involves avoiding conflicts of interest, providing accurate and truthful information, and not engaging in fraudulent or deceptive practices.
Confidentiality and Data Protection: Employees should respect the confidentiality of sensitive information, including customer data, trade secrets, and proprietary information. They should follow appropriate procedures to protect data privacy and ensure compliance with data protection laws.
Fair Treatment and Respect: All individuals should be treated fairly and with respect, regardless of their background, race, gender, religion, or other characteristics. Discrimination, harassment, or any form of unfair treatment should not be tolerated.
Ethical Decision-Making: Individuals should make decisions based on ethical considerations, considering the impact on stakeholders and society as a whole. This involves avoiding conflicts of interest, exercising professional judgment, and seeking guidance when faced with ethical dilemmas.
Accountability and Responsibility: Employees should take responsibility for their actions, acknowledge mistakes, and be accountable for the consequences of their decisions. This includes reporting unethical behavior, complying with internal control procedures, and cooperating with internal and external audits.
Social and Environmental Responsibility: Organizations and individuals should consider the broader impact of their actions on society and the environment. This may involve promoting sustainability, minimizing waste and pollution, and supporting social initiatives.
These expectations for ethical behavior and procedures should be communicated clearly to all employees through codes of conduct, ethics training programs, and regular communication from management. It is important to foster a culture of ethics and integrity, where individuals are empowered to raise concerns, report violations, and seek guidance without fear of retaliation.
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If the central bank can act as a lender of last resort during a banking panic, banks can.
If the central bank can act as a lender of last resort during a banking panic, banks can satisfy customer withdrawal needs and eventually restore the public's faith in the banking system.
A financial institution is a monetary group certified to receive deposits and make loans. There are several varieties of banks inclusive of retail, commercial, and investment banks. In maximum nations, banks are regulated by using countrywide authorities or vital financial institutions.
Although banks do many things, their number one position is to soak up funds—called deposits—from people with money, pool them, and lend them to individuals who need a price range. Banks are intermediaries among depositors (who lend money to the bank) and debtors (to whom the financial institution lends money).
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Federal debt now stands at $23 trillion USD. You must pay 5% simple interest on the debt at the end of the year ... and the US Congress over-spent by another $500 billion deficit this year! Calculate the anticipated new Federal debt at the end of the year (type a number expressed in trillions of dollars)
Answer:
ion know im dumb
Explanation:
Normative economics deals with the sequences of specific policies.
OTrue
O False
Which of the following is true if you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels?
If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.
Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.
This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.
After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.
The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public
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Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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Time management is an example of a
Explanation:
are there answers to pick from?
Exercise 9-18 (Algorithmic) (LO. 5) In 2020, the CEO of Crimson, Inc., entertains 9 clients at a skybox in Memorial Stadium for a single athletic event during the year. Substantive business discussions occurred at various times during the event. The box cost $6,750 per event and seats 11 people. (The cost of a regular, nonluxury box seat at Memorial ranges from $50 to $100.) Refreshments served during the event cost $1,720 (and were separately itemized on the bill Crimson received). How much of these costs may Crimson deduct
Answer: $860
Explanation:
As substantive business discussions took place in box at various times, there can be certain deductions for business purposes.
The box cost is not deductible because the cost is substantially higher than the cost of nonluxury box seats at the same stadium.
As per normal taxation convention, 50% of the refreshments can be deducted as business expenses:
= 50% * 1,720
= $860
what is economic system ?
An Economic System, sometimes known as an Economic Order, is a system for producing, allocating resources, and distributing products and services within a community or geographical region. It is made up of the numerous organizations, agencies, entities, decision-making processes, and consumption patterns that make up a community's economic structure.
Answer:
An economic system, also known as an economic order, is a method of producing, allocating resources, and distributing products and services within a community or geographical region.
Countries and governments allocate resources and trade commodities and services through economic systems. They are used to manage the five components of production: labor, capital, entrepreneurs, physical assets, and information assets.
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As students interested in business, what resonated most with you?
In your life and work experience have you seen similar themes and/or
situations as presented in the Lorax?
Can you imagine an instance in your future work experience where this might
come up?
What would you do if facing this type of situation, or how might you prevent it
from occurring?
Some of the relevant facts about the Lorax book that can be related to everyday life and work experiences is about human actions that impact the environment.
How to prevent the same thing as in Lorax from happening in real life and at work?The plot of the book demonstrates a place where everything is artificial, like trees, which are no longer natural and are replaced by plastic. This situation can be imagined as a form of reflection for individuals to become aware of the importance of natural resources.
In factories there is a lot of use of natural resources that are scarce to be transformed into goods, and it is possible that every individual who has worked in companies has observed some negative impact of such activities on nature.
Therefore, to prevent such a situation as the one in the book from occurring, it is essential that every citizen and company is aware of their responsibility for sustainability, instituting simple measures to achieve this end, such as recycling, reducing consumerism and including environmental management.
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1.3 Eloberate on the meaning of crisis.