a. Consider the competitiveness of the market, b. Allow interpretation of accounting standards from different perspective, and d. Always remain tough in auditing standards are some of the ways to avoid ethical degradation in auditing. An ethical code of conduct should be in place, which defines the values of an organization and the expected standards of behavior.
Auditors should follow ethical guidelines that prevent ethical degradation. Some of the ways to avoid ethical degradation in auditing are: Consider the competitiveness of the market Allow interpretation of accounting standards from different perspective
This practice could compromise the audit's quality and ultimately the organization's reputation. By allowing different perspectives on accounting standards, auditors can avoid bias and arrive at a well-reasoned decision. By remaining tough in auditing standards, auditors can prevent ethical degradation and uphold the profession's integrity.
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Your company has sent you an email telling you your department must increase the daily output goal of 120 widgets per hour, to 126 widgets per hour. Everyone on your team recognizes more efficient production will lead to more profit for the company, and a higher chance for a raise for each of them. As usual, you will hold a brief meeting explaining the new directive and provide the deadline as to when this new daily production goal must be met with regularity. The meeting ends after a couple of clarifying questions and answers, and you and your employees get back to work on meeting the deadline for the new goal. What management theory best describes the management style of this company? What leadership style will you employ to get the required increase in production of widgets your company requested? Why is this leadership style the best fit for this scenario?
Answer:
Participative Leadership style.
Explanation:
Participative leadership, also known as democratic leadership, is one in which the leader has the central focus of employee engagement and participation in important company decisions. In this style of leadership, the manager has a crucial role of being the main motivator and advisor of the team, being solicitous to guide, coordinate and assist his subordinates in all their work demands, so that the goals and organizational goals are achieved.
This style of participatory leadership would be more appropriate for this scenario as there are deadlines for completing tasks, which requires a motivated and productive team, which is essential in participatory leadership.
The motivation of employees is achieved due to clear and guiding communication from the leader, which creates the perception of inclusion and appreciation of the employee, who feels an essential and important part of the organization.
What are the dangers associated with having a high national debt?
Answer:
Explanation:
Lower income and economic opportunities for the people. Might lose investors and business opportunities.
What's the appropriate response to receiving a talk about breaking a rule?
Answer:
Listen, dont be disrespectfull, and learn from it
Explanation: Dont dig a deeper hole
Who are you voting in this years election and why?
i am a democrat so i will NOT be voting for trump. :)
Answer:
I am voting for Donald Trump in this election
Explanation:
Some companies positively harness the power of rumors to multiple choice instill false confidence in investors. replace formal communications. create buzz about a new product launch. deflect interpersonal conflicts. achieve the boundaryless organization.
Some companies positively harness the power of rumors to create buzz about a new product launch. Option C. This is further explained below.
What are rumors?Generally, rumor is simply defined as a tale or report that is now doing the rounds but whose veracity is questionable.
In conclusion, In certain cases, corporations use the power of rumors to promote a new product introduction.
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What were the alternatives you considered at the time of choice? (Consumer Ed)
what is a subsidy and how do subsidies affect the supply curve
A subsidy is a type of financial assistance provided by the government to certain sectors of the economy to promote economic growth and development.
It is an amount of money paid by the government to businesses and industries to help them produce goods and services at a lower cost than would be possible without the subsidy. In other words, subsidies are a form of government intervention in the market. Subsidies can affect the supply curve in several ways.
When a subsidy is given to a particular producer, it increases their profit margin and encourages them to increase their output. As a result, the supply curve shifts to the right, which means that more goods and services are produced and supplied to the market at lower prices than before the subsidy was given.
This, in turn, leads to an increase in consumer demand and an increase in the overall welfare of the society. A subsidy is a form of economic aid given by the government to certain sectors of the economy to promote economic growth and development. When a subsidy is provided to a particular producer, it encourages them to increase their output, which shifts the supply curve to the right, resulting in an increase in consumer demand and an increase in the overall welfare of the society.
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A subsidy is a financial assistance provided by the government to individuals or businesses to encourage or support the production or consumption of a particular good or service.
It is essentially a payment made to reduce the cost of production or consumption.
Subsidies can have a significant impact on the supply curve. Here's how:
1. Increase in supply: When the government provides a subsidy to producers, it effectively lowers their production costs. This reduction in costs incentivizes producers to increase their output, resulting in an increase in the quantity supplied.
As a result, the supply curve shifts to the right, showing a higher quantity supplied at each price level.
For example, let's say the government provides a subsidy to farmers to produce more wheat. This subsidy reduces their cost of production, prompting them to increase their wheat production. As a result, the supply of wheat increases, leading to a rightward shift of the supply curve.
2. Lower prices: Since subsidies reduce the cost of production, producers are able to offer their products at lower prices without reducing their profits. This can lead to a decrease in the equilibrium price of the subsidized good in the market.
Consumers benefit from these lower prices and may choose to consume more of the subsidized good, resulting in an increase in demand.
For instance, if the government provides a subsidy on electric vehicles, it can lower the production costs for manufacturers. As a result, electric vehicles become more affordable for consumers, leading to an increase in demand and potentially a decrease in the equilibrium price.
It's important to note that while subsidies can benefit producers and consumers in the short term, they can also have drawbacks in the long run.
Subsidies often require funding from the government, which can lead to budgetary pressures and potential distortions in the market. Additionally, the effects of subsidies may vary depending on the specific circumstances and the elasticity of demand and supply for the subsidized good.
In summary, subsidies are financial assistance provided by the government to support production or consumption. They can influence the supply curve by increasing supply and lowering prices, leading to changes in the equilibrium quantity and price of the subsidized good.
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5. At public colleges and universities, President Biden wants to provide education at a price (tuition) less than cost. What economic argument supports the policy of charging students at public universities less than the full cost of their education. What is the argument against government subsidized education?
The economic argument that supports the policy of charging students at public universities less than the full cost of their education is that it can help to promote equity and increase access to higher education among low-income families.
The argument is that education is a public good, and it is the responsibility of the government to provide equal opportunities to all individuals to access it regardless of their financial status.
By reducing the cost of tuition, the government can make education more affordable and accessible to students from low-income families. This can help to promote social mobility and reduce income inequality. Public universities, which are funded by the government, can help in achieving these goals by providing quality education at affordable rates.
The argument against government-subsidized education is that it can lead to inefficiencies and waste of resources. Some economists argue that when the government provides subsidies, it can lead to a misallocation of resources and encourage universities to increase their spending. They argue that government subsidies can create a moral hazard problem, where universities may be incentivized to spend more on non-essential programs, which can lead to a higher cost of education.
Additionally, some critics argue that government-subsidized education can discourage innovation and creativity. They argue that when universities receive government funding, they become less innovative and less responsive to the needs of their students. They argue that private institutions, which rely on market competition, are more likely to innovate and respond to the needs of their students.
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Manufacturing Pen Tips Old-fashioned pen tips require for their manufacture time on a stamping machine, a grinding machine, and a polishing machine. The plain tip requires 1 minute on the stamping machine, 2 minutes on the grinding machine, and 2 minutes on the polishing machine. The fancy tip requires 2 minutes on the stamping machine, 2 minutes on the grinding machine, and 1 minute on the polishing machine. The stamping machine can operate a maximum of 20 minutes, the grinding machine a maximum of 22 minutes, and the polishing machine a maximum of 15 minutes each hour. The profit on each of the plain tips is $4 and the profit on each of the fancy tips is $5. How many of each type of tip should be made to maximize profits? What is the maximum profit?
To maximize profits, 6 plain tips and 6 fancy tips should be produced, resulting in a maximum profit of $54.
To determine the optimal production quantity for each type of pen tip and the maximum profit, we can use linear programming. Let's define the decision variables:
Let P be the number of plain tips to be produced.
Let F be the number of fancy tips to be produced.
Objective Function:
Maximize Profit (Z) = 4P + 5F
Constraints:
1P + 2F ≤ 20 (Stamping machine constraint)
2P + 2F ≤ 22 (Grinding machine constraint)
2P + 1F ≤ 15 (Polishing machine constraint)
P, F ≥ 0 (Non-negativity constraint)
Solving this linear programming problem will give us the optimal production quantities for plain tips (P) and fancy tips (F), as well as the maximum profit (Z).
Using an optimization tool or software, the solution to this problem is:
P = 6 (plain tips)
F = 6 (fancy tips)
Z = $54 (maximum profit)
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A town has a population of 2000 and grows at 2. 5% every year. To the nearest year, how long will it be until the population will reach 2700?.
A town has 2000 people and is growing at a 2.5% annual rate. It will take 7 years, or the closest year, for the population to reach 2700.
In order to calculate the time it will take for the population to reach 2700, we need to use the formula for exponential growth:
P = P0 * (1 + r)^tOr,
P * r ^ t= P0Where:
P is the final populationP0 is the initial population (2000)r is the growth rate (2.5%)t is the number of yearsHence:
2000 * (1.025)^t = 2700Where t is the number of years that have passed.
We can rearrange this formula to solve for t using the natural log method as follows:
ln(1.025^t) = ln(2700/2000)t * ln(1.025) = ln(1.35)t = ln(1.35)/ln(1.025)t is approximately equal to 6.6 years, rounded to the nearest year, t is 7 years.
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PLS HELP!
i have to write a presentation on why the government needs to do more to improve public schools. can anyone help with a few reasons?
The government needs to do more to improve public schools because;
It will allow for equality. Students both rich and poor will have access to quality education.It will ensure that the workforce is filled with learned individuals who can contribute to growth.Why should government improve public schools?The government should improve public schools because such moves will help all students get access to quality education. Everyone in the nation can be sure to have a good education and this makes for equality.
This will also help the future of the nation because well-trained students who can contribute to society's development will be produced.
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in an unregulated market that has no price controls, the price of a good will tend to fall when group of answer choices there is excess demand for the good. there is excess supply of the good. demand for the good increases. the supply of the good decreases.
In an unregulated market with no price controls, the price of a good will tend to fall when there is an excess supply of the good. So the correct option is A.
This is because suppliers will try to sell their surplus goods by lowering prices to attract buyers, causing a decrease in the market price. On the other hand, when there is excess demand for a good, suppliers will increase their prices to maximize profits. However, this will attract new suppliers to the market, resulting in an increase in the supply of the good, which eventually leads to a decrease in its price. Thus, in an unregulated market, the interaction of supply and demand determines the price of a good, and excess supply leads to a decrease in its price.
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Megan contracts to sell Nonny her horse for $4,000. This contract will be fully discharged when Megan and Nonny
A. agree that the deal is fair
B. execute a bill of sale
C. sign a receipt
D. exchange the horse for the money
Megan contracts to sell Nonny her horse for $4,000. This contract will be fully discharged when Megan and Nonny exchange the horse for the money. Thus, option (d) is correct.
What is money?The term “money” refers to the exchange of goods and services. The currency is the currency of the country. Different countries have different currencies. Usually, money looks like paper notes and coins.
According to the contract are the based on the money to Megan sell the horse for $4,000 to Nonny. Megan and Nonny are in the contract to exchange the horse for the money.
Therefore, option (d) is correct.
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Name three pros and three cons to being in a team.
Answer:
Explanation:
Pros of being in a team:
As a result of working in a team, individuals are able to pool their knowledge, experience, and resources. as tasks can be completed more efficiently and effectively, This increases productivity, The unique perspectives, skills, and knowledge of each team member are essential when working together. By doing so, new ideas and approaches may be generated that would otherwise not have been considered.In addition to providing emotional support and motivation, team members can provide encouragement and feedback.Cons of being in a team:
When members of a team have different ideas, values, or opinions, conflicts or disagreements can occur.Teamwork requires the team to depend on each other for certain tasks to be completed. Having unresponsive or unavailable team members can be frustrating.In a team, some members may contribute more than others, which can lead to feelings of resentment or frustration. Additionally, some team members may rely too heavily on others, which can lead to a power imbalance.To learn more about the dynamics of TEAM,
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one of the keys to following your carrer path is to be _
like honestly i dont need the answer but if you answer it ill give you 15 brainliest bcuz im in a good mood:) the first one to answer will get the brainliests!! good luck
Answer:
diligent I guess
Explanation:
i don't know just putting a word that sounds *smart*
A cost remains unchanged when the volume of activity changes within the relevant range. True or false?.
Fixed Cost remains unchanged in amount when the volume of activity varies from period to period within a relevant range.
The statement is true.
Give a brief detail about Fixed cost.
The cost of a company expense is said to as a fixed cost if it remains constant regardless of whether more or fewer goods and services are produced or sold. Fixed costs are frequently associated with ongoing costs like rent, interest payments, and insurance that aren't directly tied to productivity.
In general, fixed expenses are indirect because they have nothing to do with the creation of any goods or services by a corporation. Shutdown points are frequently used to cut fixed costs. These expenses are one of two different business expenses, the other being variable expenses, which together make up their overall expenses.
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eBook Show Me How Question Content Area Multiple Production Department Factory Overhead Rate Method Handy Leather, Inc., produces three sizes of sports gloves: small, medium, and large. A glove pattern is first stenciled onto leather in the Pattern Department. The stenciled patterns are then sent to the Cut and Sew Department, where the glove is cut and sewed together. Handy Leather uses the multiple production department factory overhead rate method of allocating factory overhead costs. Its factory overhead costs were budgeted as follows: Pattern Department overhead $180,000 Cut and Sew Department overhead 297,600 Total $477,600 The direct labor estimated for each production department was as follows: Pattern Department 2,500 direct labor hours Cut and Sew Department 3,100 Total 5,600 direct labor hours Direct labor hours are used to allocate the production department overhead to the products. The direct labor hours per unit for each product for each production department were obtained from the engineering records as follows: Production Departments Small Glove Medium Glove Large Glove Pattern Department 0.05 0.06 0.07 Cut and Sew Department 0.08 0.10 0.12 Direct labor hours per unit 0.13 0.16 0.19 If required, round all per unit answers to the nearest cent. a. Determine the two production department factory overhead rates. Pattern Department $fill in the blank 1 per dlh Cut and Sew Department $fill in the blank 2 per dlh b. Use the two production department factory overhead rates to determine the factory overhead per unit for each product. Small glove $fill in the blank 3 per unit Medium glove $fill in the blank 4 per unit Large glove $fill in the blank 5 per unit
The production department factory overhead rate for the Cut and Sew Department is $96 per direct labor hour (297,600/3,100).
The production department factory overhead rates are calculated by dividing the total overhead costs of each department by the estimated direct labor hours. In this case, the Pattern Department has an overhead of $180,000 and 2,500 estimated direct labor hours, resulting in a rate of $72 per direct labor hour. The Cut and Sew Department, with overhead costs of $297,600 and 3,100 estimated direct labor hours, has a rate of $96 per direct labor hour.
To determine the factory overhead per unit for each product, the production department factory overhead rates are multiplied by the direct labor hours per unit for each product. For the small glove, with a direct labor hours per unit of 0.13 in the Pattern Department and 0.08 in the Cut and Sew Department, the factory overhead per unit is $9.36 (0.13 x $72 + 0.08 x $96). For the medium glove, with direct labor hours per unit of 0.16 in the Pattern Department and 0.10 in the Cut and Sew Department, the factory overhead per unit is $11.52 (0.16 x $72 + 0.10 x $96). Finally, for the large glove, with direct labor hours per unit of 0.19 in the Pattern Department and 0.12 in the Cut and Sew Department, the factory overhead per unit is $13.68 (0.19 x $72 + 0.12 x $96).
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In its first year of operations, Roma Company reports the following. Earned revenues of $57,000 ($49,000 cash received from customers). Incurred expenses of $31,500 ($24,450 cash paid toward them). Prepaid $9,750 cash for costs that will not be expensed until next year.Compute the company's first year net income under both thecash basis and the accrual basis of accounting.
Answer:
Computation of expenses under Cash basis
Particulars Amount$
Expenses paid $24,450
Add: Prepaid expenses paid $9,750
Total expenses paid $34,200
Computation of the Net Income
Particulars Cash basis Accrual basis
Revenue $49,000 $57,000
Less: Expenses $34,200 $24,450
Net Income $14,800 $32,550
The school zone has posted speed limits of 25mph during school hours. Define Incentives, and provide an example of one negative incentive
and an example of one positive incentive that could be used to encourage motorists to obey the speed limit.
Answer:
To encourage someone to do something.
Explanation:
Incentives is defined as a thing that encourages someone to do something. One negative incentive is to charge a big fine on the motorists for the high speed in the school hours so that they obey the laws strictly while on the other hand, example of positive incentive is to give rewards or gifts or medals to those who obeys the law of speed limits in the school hours.
Who may pay for the services of alcoholic beverage in a private club
Answer:
Members Only
Explanation:
University of the Southern Caribbean have been considering to construct two extension sites in other Caribbean Islands. After they reviewed and analysed several proposals, the options were narrowed down to two possible extension sites. The St. Lucia extension site is estimated to cost $950,000 with an expected cost of capital to be 10%. Grenada’s extension site is closer to Trinidad so the cost is anticipated to be $750,000 with a cost of capital of 12%. The anticipated net cash inflows for the next 6 years are projected below.
Years St. Lucia Extension Site Grenada Extension Site
1 230,000 230,000
2 228,000 280,000
3 278,000 295,000
4 283,000 180,000
5 273,000 200,000
6 280,000 150,000
Requirements:
1. USC would like the payback period to be by year 4 for the latest. Based on that, which investment would you recommend and if they both meet the criteria, rank them.
2. USC has $1,750,000 available for the projects. Use the NPV method for the basis of your recommendation.
3. Make an overall recommendation after reviewing both the payback and NPV methods.
Answer:
a. Payback period method works by finding out if the investment will payback its initial investment within a certain period.
Payback period is a maximum of 4, find out which investment paid back in 4 years:
St Lucia:
= Cash flows for first 4 years - initial investment
= 230,000 + 228,000 + 278,000 + 283,000 - 950,000
= $69,000
Payback period = Year before payback + (Amount left for payback / Cashflow in payback year)
= 3 + ( (950,000 - 230,000 + 228,000 + 278,000) / 283,000)
= 3.76 years
Granada:
Payback period = Year before payback + (Amount left for payback / Cashflow in payback year)
= 2 + ( ( 750,000 - 230,000 - 280,000) / 295,000)
= 2.81 years
Both of them meet criteria but Granada site has lower payback period of 2.81 years so should rank higher than St. Lucia site.
2. St Lucia NPV:
= (230,000 / (1 + 10%)) + (228,000 / (1 + 10%)²) + (278,000 / (1 + 10%)³) + (283,000 / (1 + 10%)⁴) + (273,000 / (1 + 10%)⁵) + (280,000 / (1 + 10%)⁶) - 950,000
= $177,243
Granada NPV:
= (230,000 / (1 + 12%)) + (280,000 / (1 + 12%)²) + (295,000 / (1 + 12%)³) + (180,000 / (1 + 12%)⁴) + (200,000 / (1 + 12%)⁵) + (150,000 / (1 + 12%)⁶) - 750,000
= $192,420
USC has enough money to fund both projects and so should embark on both of them as they both bring in a positive Net Present Value.
3. On the basis of both the Payback period and the NPV, the Granada site performs better than the St. Lucia so if USC does not have enough money for both projects, they should invest in the Granada project.
Kane manages a used bookstore. He reads a report advising him to stock
more encyclopedias. However, the report is mistaken; customers in Kane's
town hardly ever buy encyclopedias. What problem could this mistake cause?
A. The report could be difficult for Kane to understand.
O B. The bookstore could run out of inventory.
C. The bookstore's reputation could be damaged.
D. The bookstore could lose money if customers buy less than
expected.
SBSM
Answer:
I would say that the answer is D. If he knows that people don't buy encyclopedia's, yet he stocks them, the store could lose money because no one would buy it.
Explanation:
Hope this helps. :D
The bookstore could lose money if customers buy less than expected, is the problem Kane would face by this mistake. Thus, option D is correct.
What is encyclopedia?Throughout its lengthy history, the definition of the word "encyclopedia" has undergone significant alteration. Most people today imagine an encyclopedia to be a multivolume compilation of all knowledge, complete with maps, a thorough index, and a variety of ancillary materials like bibliographies, illustrations, lists of abbreviations and foreign words, gazetteers, etc.
They assume that it will contain biographies of important people from the past and the present, and that the alphabetically arranged contents will have been written in their own language by a large number of people and edited by a highly qualified and scholarly staff; however, none of these components have remained constant over time.
Therefore, we can conclude that option D is correct.
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Fill The Blank ? capital budgeting is concerned with making and managing expenditures on _____.
Capital budgeting deals with the creation and management of expenditures for long-term projects and investments. It is the process of evaluating potential investments or company projects to determine their profitability and viability.
This requires an analysis of the expected cash flows and costs associated with the project or investment, as well as an evaluation of the associated risks. This allows the company to maximize its value over time by investing in projects that are expected to have a positive return. In addition, capital budgeting allows a company to better manage its resources and allocate them in the most efficient way possible.
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What refers to the study of your strengths and weakness and the identification of your area of interest?
Answer:
Personality inventory
Explanation:
A house was valued at $190,000 in the year 1988. The value appreciated to $250,000 by the year 2003. What was the annual growth rate between 1988 and 2003? assume that the house value continues to grow at the same rate. What is the value of the house in the year 2010?.
The finishing value of an investment or asset is divided by the asset's initial value in the yearly growth rate formula. You get a decimal point that can be converted into a percentage when you take one out of this amount.
What is an asset?In its German translation, the word "asset" has multiple meanings, including "wealth," "fixed assets," or "capital investments in the economy," as well as "real estate," "goods," "skills," and "assets."
Assets are typically things that belong to one particular group.
Therefore, in the world of digital marketing, digital marketing assets are precious commodities. They are assets because they help their owners conduct more successful digital marketing, to put it another way.
Fixed assets are assets that a business uses for a longer period of time. key business field, or a company's core competency. (See media content) Content (data, files, and media) in content management.
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when employing diagnostics and prognostics logisticians actions include
By employing diagnostics and prognostics, logisticians can help to ensure that equipment and systems are operating efficiently and effectively, and that any potential issues are identified and addressed before they become major problems.
When employing diagnostics and prognostics, logisticians' actions include:
1. Monitoring and analyzing data from equipment and systems to identify potential issues and predict when maintenance or repair is needed.
2. Using computer-based models and simulations to predict the performance of systems and equipment under different conditions.
3. Communicating with other members of the logistics team to ensure that all necessary maintenance and repair actions are taken in a timely manner.
4. Developing and implementing plans for preventative maintenance and repair to minimize downtime and ensure that equipment and systems are operating at optimal levels.
5. Tracking the performance and reliability of equipment and systems to identify trends and make recommendations for improvement.
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Eliana purchased 250 shares of Moonoco Ind. at $78 per share. Today, she sold all the shares at $62 per share. She paid no commission for either transaction. What is Eliana's capital gain or loss?
To determine Eliana's capital gain or loss, we need to calculate the difference between the selling price and the purchase price of the shares.
Purchase price of 250 shares = $78 x 250 = $19,500
Selling price of 250 shares = $62 x 250 = $15,500
Capital loss = Selling price - Purchase price
Capital loss = $15,500 - $19,500
Capital loss = -$4,000
Since the result is negative, it means that Eliana incurred a capital loss of $4,000 when she sold her shares.
Yvette is getting ready to do her taxes. She is single and lives in Dallas. Yvette earned $200,000 in 2011. She reviews the following table, which shows the IRS tax rates for a single taxpayer in 2011.
On Annual Taxable Income... The Tax Rate Is... (Percent)
Up to $8,500 10
From $8,500 to $34,500 15
From $34,500 to $83,600 25
From $83,600 to $174,400 28
From $174,400 to $379,150 33
Over $379,150 35
(a) Based on the IRS table, what is Yvette's marginal tax rate when her annual income is $200,000?
(b) How much income tax does she owe for 2011?
(c) What is her average tax rate, based on the annual income level and the amount of taxes she owes for 2011?
(d) After figuring out what she owes in taxes in 2011, Yvette decides to ask an accountant for tax advice. The accountant claims that he has found a legal way to shelter $2,000 of taxable income from the federal government.
What should be the maximum amount that Yvette is willing to pay to learn this strategy? (Hint: Sheltering some income means finding a legal way to avoid being charged income tax on that income. For example, someone who has $50,000 in income and shelters $10,000 pays income tax on only $40,000.)
(a) Based on the IRS table, Yvette's marginal tax rate when her annual income is $200,000 is 33%. This is because Yvette's income falls within the range of $174,400 to $379,150, where the tax rate is 33%.
(b) To calculate how much income tax Yvette owes for 2011, we need to use the IRS tax brackets and apply them to her income. Yvette's taxable income is $200,000 since she is single and does not have any deductions.
First, we calculate the tax owed for each bracket that Yvette's income falls into:
- Up to $8,500: $850 (10% of $8,500)
- From $8,500 to $34,500: $3,975 (15% of $26,000)
- From $34,500 to $83,600: $17,875 (25% of $49,100)
- From $83,600 to $174,400: $38,448 (28% of $90,800)
- From $174,400 to $200,000: $7,260 (33% of $25,600)
Then, we add up the tax owed for each bracket:
$850 + $3,975 + $17,875 + $38,448 + $7,260 = $68,408
Therefore, Yvette owes $68,408 in income tax for 2011.
(c) Yvette's average tax rate is calculated by dividing her total tax liability ($68,408) by her taxable income ($200,000) and multiplying by 100 to get a percentage:
($68,408 / $200,000) x 100 = 34.2%
Therefore, Yvette's average tax rate for 2011 is 34.2%.
(d) To determine the maximum amount Yvette should pay to learn the accountant's tax sheltering strategy, she needs to compare the amount she would save in taxes with the cost of the accountant's services.
If Yvette shelters $2,000 of her income, her taxable income would be reduced to $198,000. Using the same tax brackets as before, we can calculate her new tax liability:
- Up to $8,500: $850 (10% of $8,500)
- From $8,500 to $34,500: $3,975 (15% of $26,000)
- From $34,500 to $83,600: $17,875 (25% of $49,100)
- From $83,600 to $174,400: $38,448 (28% of $90,800)
- From $174,400 to $198,000: $5,720 (33% of $23,600)
Adding up the tax owed for each bracket:
$850 + $3,975 + $17,875 + $38,448 + $5,720 = $66,868
This means that if Yvette were to shelter $2,000 of her income, she would save $1,540 ($68,408 - $66,868) in income tax for 2011.
Yvette should be willing to pay up to $1,540 to learn the accountant's tax sheltering strategy. If the cost of the accountant's services is more than $1,540, then it would not be worth it for Yvette to use the strategy.
If the cost is less than $1,540, then Yvette would benefit from using the strategy.
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What is one big decision you have made in the last few months? How did you make that decision?
Answer:
Decided to setup my new pc. The urge of having something new is what made me do it.
Explanation:
100% :-)
Answer:decided to go into construction
Explanation:
Strategic management involves the recognition that both effectiveness and efficiency must be fully satisfied. True or false?.
The statement, "Strategic management involves recognition both effectiveness, efficiency should be fully satisfied" is False, because it does not require full satisfaction of both effectiveness and efficiency.
Both effectiveness and efficiency are important considerations in strategic management, they do not always need to be fully satisfied at the same time.
Strategic management involves making strategic choices and trade-offs based on organization's goals, priorities, and competitive environment.
Depending on specific circumstances and strategic objectives, an organization may prioritize effectiveness over efficiency or vice versa. The relative importance of effectiveness and efficiency vary depending on factors such as industry dynamics, market conditions, and organizational capabilities.
Therefore, the statement is False.
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