By calculating the settlement amount owed by Miss Marigold and applying the 2% discount, we can determine the discount received by Miss Marigold on the 8th of March.
Miss Marigold settled her account balance on the 8th and took advantage of the 2% settlement discount offered by Oak General Dealers. To calculate the discount received by Miss Marigold on the 8th of March, we need to consider the following transactions:
1. Miss Marigold owed R5,000 at the beginning of March 2022.
2. On the 8th of March, Miss Marigold settled her account balance and took advantage of the 2% settlement discount offered by Oak General Dealers.
To calculate the discount received, we need to determine the amount of the settlement and then calculate 2% of that amount. The calculation can be summarized as follows:
Settlement amount = Account balance owed by Miss Marigold
Discount received = 2% of the settlement amount
By calculating the settlement amount owed by Miss Marigold and applying the 2% discount, we can determine the discount received by Miss Marigold on the 8th of March.
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Problem. List the appliances in your own home and typical
operating hours. First calculate the total energy
consumption of your own house. You now decide to install a rooftop
PV with a capacity of 6.6
To determine the total energy consumption of my home, I listed the appliances and their typical operating hours.
In order to calculate the total energy consumption of my home, I compiled a list of the appliances and their typical operating hours. The appliances in my home include a refrigerator (24 hours), a television (4 hours), a washing machine (2 hours), an air conditioner (6 hours), a microwave (1 hour), and various lights (6 hours).
Adding up the total operating hours for each appliance, I found that the appliances collectively run for 43 hours per day.
To calculate the total energy consumption, I need to multiply this duration by the power rating of each appliance and sum up the results. With the gathered information, I can now make an informed decision about installing a 6.6 kW rooftop PV system to offset or generate electricity for my home.
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Explain how the U.S. economic system differs from the economic system in Cuba.
The fixed costs of doing business include
Answer:
Fixed costs are the costs associated with your business's products or services that must be paid regardless of the volume you sell. ... Insurance - the liability insurance you hold on your business. Rent - the rent you pay on your office, factory, and storage space. Utilities - electricity, water, and other utilities.
Explanation:
Which type of tax is paid by businesses on their profits to federal or state governments?
The type of tax paid by businesses on their profits to federal or state governments is called corporate income tax.
Corporate income tax is a tax levied on the profits earned by businesses, including corporations, partnerships, and certain types of sole proprietorships. It is imposed by both federal and state governments and is based on the net income or profits generated by the business during a given tax year.
Businesses are required to calculate their taxable income by deducting allowable expenses and deductions from their total revenue. The tax rate applied to the taxable income varies depending on the jurisdiction and can differ between federal and state levels.
Corporate income tax serves as a significant source of revenue for governments, helping fund public services, infrastructure development, and other governmental functions. The tax is typically administered by tax authorities, who establish guidelines and regulations for businesses to comply with regarding the calculation and payment of corporate income tax. Overall, corporate income tax is the specific type of tax paid by businesses on their profits to federal or state governments, playing a crucial role in funding government operations and services.
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For a contract to be valid it must contain essential features. The feature that describes an expression of interest of one party to another and a subsequent act of indication to accept the terms outlines is
Answer:
For a contract to be valid it must contain essential features. The feature that describes an expression of interest of one party to another and a subsequent act of indication to accept the terms outlines is:
Agreement or mutual consent.
Explanation:
Mutual consent or agreement is given expression by a valid offer by one party and acceptance by the other party. These are then backed by adequate consideration, proof of the capacity of the contracting parties, and the legality of the subject of the contract. Without the agreement or mutual consent between the contracting parties, the contract is not enforceable, ab initio. It is this essential element of a contract that shows that the parties are interested in entering into some binding relationships for their mutual benefits.
How did economics delay scientists’ first attempts for conservation in the forest industry? Think about MONEY involved for conservation.
Economics delayed scientists’ first attempts for conservation in the forest industry by prioritizing profits over ecological concerns. The forest industry became a highly profitable venture in the late 19th century, and this led to the exploitation of natural resources, particularly trees. The need to extract timber at a faster rate made it difficult for conservationists to carry out their plans.
Economics and conservation are in conflict because environmental protection often requires investment, which may lead to a reduction in profits. Investors and business owners usually prioritize profit-making over other considerations, such as conservation of resources. This was particularly true in the forest industry, where the demand for wood was high, and the need for conservation was secondary.Forest conservation requires policies and actions aimed at preserving natural resources, such as the implementation of sustainable harvesting methods and protection of endangered species. The need to extract timber at a faster rate made it difficult for conservationists to carry out their plans.
Economics delayed conservation efforts in the forest industry. Profit-making was prioritized over environmental protection, making it challenging for scientists to carry out their plans. In the late 19th century, the forest industry was highly profitable, and the exploitation of natural resources was rampant. Policies aimed at preserving natural resources, such as sustainable harvesting methods and protection of endangered species, required investment, which may lead to a reduction in profits. The demand for wood was high, and conservation was secondary, making it difficult for conservationists to carry out their plans. Therefore, economics played a significant role in delaying conservation efforts in the forest industry.
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Which examples demonstrate tasks commonly performed in Visual Arts jobs? Check all that apply. Cliff sets up video equipment at a music concert. Rhonda installs and repairs home electronic equipment in customers’ homes. Gary attends a state fair to sell his handmade clothing in a booth. Christopher dances in a large ballet production on a stage. Yolanda uses a computer tablet to draw an illustration for a textbook. Shirley has a meeting with a customer to discuss a wedding she will be photographing.
Answer:
3
5
6
Explanation:
the price elasticity of demand depends on
Answer:
...price levels, the type of product or service, income levels, and the availability of any potential substitutes.
PLEASE HELP!!!!!
Making a Purchase
1. Identify a consumer want or need for you or your family.
2. Explain which consumer strategies you will use to find the product or service that will best meet this want or need and why you have chosen them.
3. Describe each stage of the buying process for this item.
4. Identify the federal and/or local consumer protection agency that is best equipped to handle any potential consumer complaint that results from this purchase and explain how this agency could help you
Answer:
Consumer Want or Need: My family wants to purchase a new refrigerator because our current one is old and does not function properly.
Consumer Strategies: To find the best product to meet our need, we will use several consumer strategies, including:
a
b. Store Visits: We will visit different appliance stores to see the refrigerators in person and ask questions from the sales representatives. This strategy will help us assess the physical features and functionalities of the refrigerators and enable us to make informed decisions.
c. Recommendations: We will ask for recommendations from friends and family who have purchased refrigerators recently. This strategy will help us gain valuable insights and advice from people we trust.
Buying Process:
a. Need Recognition: The need recognition stage involves identifying the problem or need that the refrigerator will address. In this case, our old refrigerator is no longer functioning correctly.
b. Information Search: During this stage, we will use the consumer strategies mentioned above to gather information about the different types of refrigerators available, their features, and prices.
c. Evaluation of Alternatives: We will compare the features and prices of the refrigerators we have researched and visited in person to evaluate the alternatives that best meet our needs.
d. Purchase Decision: Once we have evaluated the alternatives, we will make a purchase decision based on our evaluation criteria, including quality, price, and availability.
e. Post-Purchase Evaluation: After purchasing the refrigerator, we will assess its performance to ensure that it meets our expectations.
Consumer Protection Agency: In case of any potential consumer complaint resulting from this purchase, the best-equipped federal agency to handle the issue is the Federal Trade Commission (FTC). The FTC is responsible for protecting consumers from fraudulent, deceptive, and unfair business practices. In the event of a dispute, the FTC could help us file a complaint against the manufacturer or retailer and take appropriate action to resolve the issue. The FTC can also provide valuable advice on consumer rights and protections. Locally, we may also contact our state Attorney General's office, which has similar functions and responsibilities for consumer protection.
Explanation:
This answer explains how to identify a consumer's want or need, the strategies to find the best product or service, the stages of the buying process, and the appropriate consumer protection agency.
Explanation:Consumer Want or Need: An example of a consumer want or need for my family is a new laptop.
Consumer Strategies: To find the best laptop, I would use consumer strategies such as conducting online research, reading reviews, comparing prices and specifications, and seeking recommendations from friends or experts.
Stages of the Buying Process: The stages of the buying process for a laptop would include problem recognition (realizing the need for a new laptop), information search (researching different brands and models), evaluation of alternatives (comparing features, prices, and warranties), purchase decision (selecting and buying the chosen laptop), and post-purchase evaluation (assessing the laptop's performance and satisfaction).
Consumer Protection Agency: In the United States, the Federal Trade Commission (FTC) is the federal consumer protection agency that can handle potential consumer complaints resulting from this laptop purchase. The FTC can investigate deceptive or unfair business practices, provide educational resources, and take legal action if needed.
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write about veterinary service available in you locality
Answer:
write your locality not my locality there is your locality
does lululemon athletica have a defined contribution or defined benefit pension plan? explain
Lululemon Athletica, a Canadian athletic apparel company, has a defined contribution pension plan for its employees. This means that the company contributes a certain amount of money to each employee's retirement account, which is typically invested in mutual funds or other securities.
The employee can also choose to contribute a portion of their salary to the plan.In contrast, a defined benefit pension plan guarantees a specific retirement benefit amount to an employee, based on a predetermined formula that considers factors such as the employee's salary and years of service. With a defined contribution plan, the employee bears the investment risk and the eventual retirement benefit depends on the performance of the investments made with the contributed funds.
Overall, defined contribution plans have become more popular in recent years due to their flexibility and lower costs for employers, while defined benefit plans have become less common due to their higher costs and potential financial risks for the employer.
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Pat Buhn is the new owner of Young Co. She has heard about internal control but is not clear about its importance for her business. Explain to Pat the four purposes of internal control, and give her one application of each purpose for Young Co.
Answer: Physical safeguard & security, Accuracy, Segregation of duties, Handling errors
Explanation:
Internal control could be defined as the process of handling an organization accounting and auditing process with it's specified objectives in compliance with laws, regulations and policies.
Here are the four purpose of internal control;
a) Physical safeguard & security; this is to ensure that physical assets and information have a controlled asses, and it's not easily assessible by anyone.
b) Accuracy: this is to ensure that all transactions are accurate when records are checked with the source of information where the transaction took place and the time it occurred.
c) Segregation of duties; this ensures that one individual cannot have access to the recording of information and processing of transaction.
d) Handling errors; this ensures that errors are checked at any stage with transaction occurred with corrections also made
A passive fund manager would be most likely to do which of the following ?A- Research the stocks in the benchmakr's portfolio extensively so as to align with itB- Align with both the market and individual funds by using competitive informationC- Beat the Benchmark Index performance by achivieng a higher returnD- Match the fund's performance to the benchmark index 's performance
A passive fund manager would be most likely to do Match the fund's performance to the benchmark index's performance. Thus the correct option is D.
What is a Passive fund?Funds that are managed passively stick to an index. High turnover may potentially be a problem for passively managed funds since the fund will experience it if the index experiences it. It results in lower risk, flexibility, effective tax rates, and ease of use.
An objective of a passive fund manager is to monitor the performance of a specific index or stock market. The index that passive managers are seeking to track and use to rebalance the fund are at odds with one another.
Therefore, option D is appropriate.
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redmont company's gross salaries and wages are $38,000, and it withholds $5,700 for income taxes and $2,907 for fica taxes. the journal entry to record the employees' pay will be:
The journal entry to record the employees' pay for Redmont Company will include Dr. Salaries and Wages Expense $38,000, Cr. Income Tax Payable $5,700, Cr. FICA Tax Payable $2,907, and Cr. Salaries Payable $29,393.
To record the employees' pay for Redmont Company, follow these steps:1. Record the gross salaries and wages, which is $38,000. This will be debited to the Salaries and Wages Expense account.
2. Record the withholdings for income taxes, which is $5,700. This will be credited to the Income Tax Payable account.
3. Record the withholdings for FICA taxes, which is $2,907. This will be credited to the FICA Tax Payable account.
4. Calculate the net pay by subtracting the withholdings from the gross salaries and wages ($38,000 - $5,700 - $2,907 = $29,393). This will be credited to the Salaries Payable account.
The journal entry to record the employees' pay for Redmont Company will be:
Debit: Salaries and Wages Expense - $38,000
Credit: Income Tax Payable - $5,700
Credit: FICA Tax Payable - $2,907
Credit: Salaries Payable - $29,393
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corporation meaning in simple terms
Answer: A corporation is a legal entity that is separate and distinct from its owners.
Duties performed by warehouse case study class 11
The duties performed by a warehouse include receiving, storing, and distributing goods and materials efficiently and safely.
What are the primary responsibilities of a warehouse?A warehouse plays a crucial role in the supply chain management of businesses. Its main responsibilities revolve around receiving, storing, and distributing goods and materials.
Upon receiving shipments, warehouse staff inspect the contents for quality and accuracy verifying that the delivered items match the corresponding documentation. They then organize and store the goods in designated locations within the warehouse ensuring efficient use of space
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3. Which of the following is consistent with the basic economic postulate that incentives
matter?
Consumers buy fewer cars when the price of cars rises.
a.
b. Farmers produce less corn when corn prices decline.
C. A politician votes for a subsidy when it is in the best interest of a special interest group
within his district even if it might harm other voters.
d. All of the above.
All of the given option are consistent with the basic economic postulate that incentives matter.So, option (d) is correct answer.
What is economic incentives?Economic incentives are financial perks offered to individuals to change their patterns of consumption and output in an economy. Most often, economic incentives are used to alter people's behavior such that desired results appear naturally.
Economics as a whole is based on the straightforward tenet that shifts in incentives have predictable effects on how people behave. Incentives are influenced by both monetary and non-monetary factors.
People will be less inclined to select something if it becomes more expensive. In turn, consumers will be more inclined to select an alternative as the benefits associated with it grow. This straightforward notion, often known as the basic postulate of economics, is an effective tool because it pertains to practically everything we do. Less people will select an option as it grows more expensive.
So, above postulate is satisfied by all options given to us.
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If we are mainly looking at the role of specific international organizations when we analyze an international development, we are mainly focusing on the .............. level of analysis.
The operational analysis level can be used to understand the role of an international organization in relation to its international development.
Operational AnalysisIt is a method used to examine and measure the performance of an organizational investment in relation to cost, timing, and market performance.
Therefore, the operations analyst professional has the function of analyzing an organization's policies and procedures to recommend improvements that help achieve total quality in a company.
The correct answer is:
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ABC Corporation outstanding bonds have a par value of $1000, 8% coupon and 15 years to maturity and a 10% YTM. What is the bond's price?
The approximate price of the bond is $1,138.54. This represents the present value of all the future cash flows, discounted at the bond's yield to maturity of 10%.
To calculate the price of a bond, we need to use the present value formula, which takes into account the bond's future cash flows and the yield to maturity (YTM). In this case, we have the following information:
Par value (face value) of the bond = $1000
Coupon rate = 8%
Years to maturity = 15
Yield to maturity (YTM) = 10%
The coupon payment is 8% of the par value, which is $1000 x 8% = $80 per year. The coupon payments occur annually.
To calculate the price of the bond, we can use the present value of the bond's cash flows, which are the coupon payments and the final repayment of the par value at maturity. The formula for calculating the present value of a bond is:
Price = (Coupon Payment / (1 + YTM)^1) + (Coupon Payment / (1 + YTM)^2) + ... + (Coupon Payment / (1 + YTM)^n) + (Par Value / (1 + YTM)^n)
Using this formula, we can calculate the price of the bond:
Price = ($80 / (1 + 10%)^1) + ($80 / (1 + 10%)^2) + ... + ($80 / (1 + 10%)^15) + ($1000 / (1 + 10%)^15)
To simplify the calculation, we can use financial calculators or spreadsheet software. Plugging the values into a financial calculator or spreadsheet, the bond's price is approximately $1,138.54.
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A(n) _____ identifies how you feel about an activity or subject.
Answer:
Survey
it questions and identifies how you feel about an activity or subject.
Answer: interest theory
took it on edg.
What type of accounting is more rules-based?
GAAP
Explanation:
That would be the Generally Accepted Accounting Principles (GAAP) system which is rules based.
Alternatively:
The International Financial Reporting Standards. (IFRS) on the otherhand would be the one thats principles based.
How did CNN change news?
On June 1, 1980, CNN (Cable News Network), the world's first 24-hour television news network, makes its debut. CNN went on to change the notion that news could only be reported at fixed times throughout the day. ...
If a person wants to work from home in the Business, Management and Administrative careers, what is required?
O a cubicle to keep the person on task
0 a private office to protect confidential information
proper technology to keep the person connected
proper travel arrangements to meet with customers
Answer:
proper technology to keep the person connected
Explanation:
Working from home entails accessing the office remotely. The employee gets connected to the company's private network while at home. A good internet connection is required for the employee to be connected to the office systems while at home.
Apart from connectivity, they may need a virtual private network application to access the company's private network. The employee's home computer will need configuration to access office applications. Proper technology is, therefore, required to keep an employee connected.
Answer:
C) proper technology to keep the person connected
Explanation:
Click this link to view O*NET’s Work Activities section for Registered Nurses. Note that common activities are listed toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some common work activities performed by Registered Nurses? Select four options.
communicating with supervisors, peers, or subordinates
making decisions and solving problems
repairing and maintaining mechanical equipment
drafting technical devices
assisting and caring for others
documenting/recording information
Some common work activities performed by Registered Nurses are:-
Making decisions and solving problems.Assisting and Nurses for others.Communicating with supervisors, peers, or subordinates.Drafting technical devices.Evaluating, Nurses watching, and conversing with patients keeping a record of the symptoms, medical history, and state of health of the patient. Patient Care preparation for examinations and treatment. administering medications and therapies, then keeping track of patients' reactions and negative effects.
Usually, Nurses EMTs and paramedics do the following tasks: Respond to 911 calls for emergency medical help, such as doing CPR or bandaging a care wound. Typically, bioengineers and biomedical engineers do the following tasks: Create tools and gadgets, such as synthetic internal organs, body part replacements.
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Technology allows firms to listen to customers' wants, track their purchases, provide them with better service, and give them more access to information.
Answer:
This is true
Explanation:
With the recent development in modern communication technologies, communication with customers is is now very easy and yet very sophisticated. The advent of modern day communication in business like the internet and online shopping had now made it possible for a customer to communicate their wants easily to the seller and also make purchase, track their purchase and easily access more information about their seller and their purchase all from the comfort of their homes.
FILL THE BLANK. (Corporate income tax) Sales for J. P. Hulett Inc. during the past year amounted to $ 3.8million. Gross profits totaled$ 1.07million, and operating and depreciation expenses were $499,000 and $345,000
respectively. Dividend income for the year was $14,000 which was paid by a firm in which Hulett owns
85percent of the shares. Use the corporate tax rates shown in the popup window,
to Comcute the corporation's tax liability. What are thefirm's average and marginal tax rates?
The firm's tax liability for the year is _________. (Round to the nearest dollar.)
The firm's tax liability for the year is $176,560.
Corporate income tax is an amount that businesses are required to pay to the government on their profits earned in a fiscal year. The rate at which this tax is applied is determined by the country's government, which may vary depending on the company's size, profits, and industry.
First, we will calculate the firm's taxable income using the following formula:
Taxable income = Gross profits - Operating expenses - Depreciation expenses
Taxable income = $1,070,000 - $499,000 - $345,000= $226,000
Next, we will calculate the tax liability using the following formula:
Tax liability = Taxable income x Corporate tax rate
Tax liability = $226,000 x 15% = $33,900
The dividend income received is not taxable as it is paid by a firm in which Hulett owns 85% of the shares.Now, we will calculate the marginal tax rate using the following formula:
Marginal tax rate = (Change in tax liability / Change in taxable income) x 100
Let's assume that the taxable income increases by $10,000.
Therefore, the new taxable income will be $236,000.Tax liability for the new taxable income = $236,000 x 15% = $35,400
Change in tax liability = $35,400 - $33,900 = $1,500
Change in taxable income = $236,000 - $226,000 = $10,000
Marginal tax rate = ($1,500 / $10,000) x 100= 15%
The average tax rate can be calculated using the following formula:
Average tax rate = Total tax liability / Taxable income
Total tax liability = Corporate tax + Dividend income tax
Total tax liability = $33,900Dividend income tax = Dividend income x Corporate tax rate x (1 - Shareholding percentage)
Dividend income tax = $14,000 x 15% x (1 - 85%)= $2,100
Total tax liability = $33,900 + $2,100 = $36,000Average tax rate = $36,000 / $226,000= 15.93%
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What should you keep in mind when examining an income statement?
a) GAAP
b) Cash versus non-cash items
c) Asset composition
d) Time and costs
You should keep in mind when examining an income statement are a) GAAP, b) Cash versus non-cash items, and d) Time and costs.
When analyzing an income statement, it's crucial to consider the time period it covers, the expenses related to making money, the make-up of the assets that generate income, the distinctions between cash and non-cash items, and the generally accepted accounting principles (GAAP) that were used to prepare the statement.
The income statement's extraordinary items should also be taken into account, and any modifications to the accounting principles utilized to compile the statement should be noted.
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Discuss whether or not consu,er benefit more from a market economic system or mixed economic system
Answer:
It just depends on which characteristics the mixed economy emphasizes. For example, if the market has too much freedom, it can leave the less competitive members of society without any government support. Central planning of government industries also creates problems.
1, xyz company cost function for the next four month is cost =500000+5Q A, find the BE dollar volume of sale is the selling price is birr 6/unit B, what would be the company cost is it decides to shutdown operation for the next four month
Answer:
Break Even point Q = 500000
Shut Down Point P < 5
Explanation:
Break Even point is where Total Revenue = Total Cost.
Total cost = 500000 + 5Q, price = 6 (Given) , Total revenue = Price x quantity
So, TR = TC implies : 500000 + 5Q = 6Q → 500000 = 6Q - 5Q
Q = 500000
Shut Down Point is where firm's Price is < its Average Variable Cost .
AVC is the variable cost on per unit output, is found out by average of variable component of cost function. C = 500000 + 5Q implies variable cost = 5Q , so AVC = 5Q / Q = 5
So, the firm would shut down if its price would go below AVC , ie if P < 5
How can the greatest good principle lead to ethical decisions
The greatest good principle leading to ethical decisions is to put the thought of other people into consideration and to think from their perspective also.
What is the ethical decision?The ethical decision was made to have great moral support from the people and the business. This gains people's trust and creates a peaceful and morally boosted environment.
Equality, accountability, and compassion toward humanity are all inspired by ethical decisions.
It provides everyone a fresh viewpoint as well as makes you put yourself in the opposing person's viewpoint. Compare ethical or unethical behavior to proper or improper business tactics.
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