FILL IN THE BLANK Of the following pay programs, the weakest link between employees' performance and their earnings is found in _____ plans
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Of the following pay programs, the weakest link between employees' performance and their earnings is found in seniority-based plans.
In these plans, employees' salaries are determined primarily by the length of their tenure with the company, rather than their job performance. This means that high-performing employees may not receive the recognition and compensation they deserve, while low-performing employees may be rewarded simply for sticking around.
Seniority-based plans can also discourage employees from striving to improve their performance, since there is little financial incentive to do so. This can lead to a lack of motivation and a stagnant work environment. Additionally, seniority-based plans can be difficult to justify to younger, more ambitious employees who may feel they are being held back by less skilled and less motivated coworkers.
Overall, while seniority-based plans may be simple to administer and provide a sense of security for long-term employees, they are not ideal for promoting a culture of excellence and continuous improvement in the workplace.
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Related Questions
Can someone write a song for me please I want to make the name called by my side please write something
Answers
Answer:
I don't know much abt songs. but I hope u get it.
Do an online search on team members in the workplace. Identify several types of group members. From your experience, identify other types of group members not mentioned in your online search. In four or more paragraphs, illustrate how you, as facilitator, would deal with each type of member. You may use the types mentioned in your research as well as those you identified.
What other things would you do as facilitator to ensure the team ran smoothly and efficiently?
Answers
Explanation:
A Guide to Effective Facilitation.
...
A good facilitator will:
Develop a detailed agenda after discussion with organization leaders. ...
Use participants' names. ...
Call on people in the order in which they raise their hands. ...
Make eye contact. ...
Use the ground rules (mutually agreed upon meeting rules for participation) early on.
A competent moderator will:
Following a conversation with the organization's executives, create a thorough agenda.Identify participants by name.As people raise their hands, call on them in that order.Establish eye contact.Use the ground rules, which are shared participation guidelines for meetings, as soon as possible.What is an online search?Online search is the interactive process of looking for and obtaining information from online databases using a computer. With the introduction of quicker databases and smart terminals in the 1980s, interactive searches became feasible. On the other hand, automated batch searching was widely used in the 1960s and 1970s. The bulk of internet searches done now are done via search engines. Supplemental reference transactions are frequently conducted online.
Online search is the interactive process of looking for and obtaining information from online databases using a computer. With the introduction of quicker databases and smart terminals in the 1980s, interactive searches became feasible. On the other hand, automated batch searching was widely used in the 1960s and 1970s. Today, the bulk of queries are made via search engines.
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Question 1 of 10 If you make a plan to get a certain amount of a project done each day, what skill have you demonstrated? A. Time management B. Punctuality O C. Moral standards D. Integrity
Answers
Answer: A
Explanation: not sure, but i think its correct
one-year rate in japan is 4% and one-year rate in the u.s. is 2%. the current exchange rate is 110 yen per dollar. if you can enter into a forward exchange rate of 120 yen per dollar, what would be your arbitrage profit per 100 units of the borrowed currency? assume that you can borrow and lend at the given interest rates.
Answers
Your arbitrage profit per 100 units of the borrowed currency makes a riskless profit of 0.02 dollars.
The first thing to do is figure out what the correct forward rate should be.
The forward rate should be (110×1.04)/1.02 = 112.15 yen/dollar.
Thus you want to exchange yen for dollars at 110 rather than the implied 112.15.
If you start with no money then you need to borrow 1 dollar at 2% exchange them into 110 yen and invest the yen at 4%.
The yen will grow to be 110×1.04 = 114.4
so you enter into a forward exchange agreement to exchange
114.4 yen into dollars at an exchange rate of 110.
This will yield 1.04 dollars.
You need to repay your dollar borrowing which will cost 1.02 dollars.
Thus you make a riskless profit of 0.02 dollars.
In economics and finance, arbitrage is the exercise of taking benefit of a distinction in fees in two or greater markets; placing an aggregate of matching offers to capitalize on the difference, the profit being the distinction among the market expenses at which the unit is traded.
Whilst used by lecturers, an arbitrage is a transaction that includes no bad cash going with the flow at any probabilistic or temporal country and tremendous cash going with the flow in at least one kingdom; in easy phrases, it's far the opportunity of threat-free earnings after transaction charges. As an example, an arbitrage possibility is present whilst there may be the opportunity to instantly purchase something for an extremely low fee and sell it for a better price.
Arbitrage is the simultaneous buying and sale of equal or comparable assets in unique markets in order to take advantage of tiny differences in the asset's listed rate. It exploits short-lived versions inside the rate of the same or similar economic units in different markets or in special forms.
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What are goods??????
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Keisha can produce the following combinations of X and Y: 100X and 20Y, 50X and 30Y, or 0X and 40Y. The opportunity cost of one unit of Y for Keisha is Group of answer choices
Answers
Answer:
5 units of x
Explanation:
Keisha's production possibilities frontier:
100x 20y
50x 30y
0x 40y
the opportunity cost of producing 1 unit of y = 50/10 = 5 units of x
The opportunity cost refers to the extra costs or benefits lost resulting from choosing one investment or activity over another alternative. In this case, if Keisha wants to produce one more unit of y, she will not be able to produce five units of x (trade-off)
A guidance counselor is:
o a. someone who works with students with disabilities.
o b. someone who oversees a student's academic progress.
o c. someone who oversees high school operations.
o d. someone who teaches classes and monitors hallways.
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A guidance counselor is a person who works in the schools and check with the student's academic progress.
Who is a guidance counselor? Discuss his responsibilities?A guidance counselor are the certified professionals who are employed in the schools and different institutions.
They helps the students by giving them advise and consultancy about their career and academic growth.
They basically assess the student's ability and provides them with personal counselling.
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QUESTION 6 of 10: Your staff consists of 7 cashiers, 3 stockers, and 5 salespeople. The cashiers are paid $12 per hour;
paid $10 per hour; the salespeople are paid $15 per hour. What is the average hourly wage across all your workers?
Answers
Answer:
$12.6 per hour
Explanation:
There are total of 15 workers, ( 7 + 3 + 5).
The total earning per hour is as below
Cashiers : 7 x $12 = $84
Stockers : 3 x $10 = $30
Salespeople : 5 x $15 = $75
Total earning per hour
= $84 +$30 +$75
=$189
Average earning = $189/15
=$12.6 per hour
Conduct research on cases and issues in global trade. What types of businesses are best suited for doing business online?
Why? What type of issues might an online business deal with in the global market?
Answers
Operating a business online entails dealing with technical obstacles, security concerns, and consumer distrust.
Research based problem:While you can avoid or at least mitigate these difficulties, it's critical for company owners to keep an eye on prospective concerns in order to avoid big calamities.
Because the main providers they provide are information-based, professional service based firms are well-suited for the Internet.
Because the provision of these services necessitates the provider's physical presence, a household chores or lawn maintenance service company is not well suited for the Internet.
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if a principal real estate broker or property manager deposits trust funds in an interest bearing clients' trust account,
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If a principal real estate broker or property manager deposits trust funds in an interest-bearing clients' trust account, the interest earned is paid to the Real Estate Education, Research, and Recovery Fund.
In some states, a property manager or principal real estate broker who places trust funds in an interest-bearing account must return the interest earned to the Real Estate Education, Research, and Recovery Fund. The Real Estate Education, Research, and Recovery Fund is a fund established by the state to compensate persons who suffer financial loss as a result of misconduct by a real estate licensee. In certain states, real estate brokers are not required to pay interest on trust accounts.
The Real Estate Education, Research, and Recovery Fund is a non-profit organization that was established to compensate members of the public who have been harmed as a result of misconduct by a real estate licensee. The fund is financed by real estate license fees and interest earned on real estate trust accounts. This fund provides compensation to individuals who have been harmed as a result of misconduct by a real estate licensee.
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Unlike very early versions of the DSM, the DSM-5
a. Includes a plan for integrating social and cultural influences on diagnosis.
b. Incorporates some dimensional aspects, such as judgment of severity for disorders.
c. Does not make a distinction between organically based and psychologically based
disorders.
d. All of the above
Answers
The answer is d. All of the above. The DSM, or Diagnostic and Statistical Manual of Mental Disorders, has evolved over time with each new version incorporating changes based on advances in research and clinical practice.
The early versions of the DSM were criticized for their lack of consideration for social and cultural influences on the diagnosis. However, the DSM-5 includes a plan for integrating these factors, which is an important step towards addressing the issue of cultural bias in diagnosis. Additionally, the DSM-5 incorporates some dimensional aspects, such as severity ratings for disorders, which can provide a more nuanced understanding of a person's symptoms. Lastly, the DSM-5 does not make a distinction between organically based and psychologically based disorders, recognizing that many disorders have complex and multifaceted causes.
Overall, the DSM-5 is a more comprehensive and inclusive tool for mental health diagnosis than early versions of the manual. Unlike very early versions of the DSM, the DSM-5 (d) incorporates all of the above features. This means that the DSM-5:
a. Includes a plan for integrating social and cultural influences on diagnosis. This reflects a more comprehensive understanding of how an individual's cultural background and social environment can impact the development, expression, and diagnosis of mental disorders.
b. Incorporates some dimensional aspects, such as judgment of severity for disorders. This allows for a more nuanced approach to diagnosis and treatment, as mental health professionals can now evaluate the severity of symptoms on a continuum, rather than relying solely on categorical distinctions.
c. Does not make a distinction between organically based and psychologically based disorders. This change reflects a growing consensus among mental health professionals that the division between "organic" and "psychological" causes of mental disorders is often arbitrary and unhelpful. The DSM-5 focuses more on understanding the complexity of mental disorders and their multifaceted origins, including both biological and psychological factors.
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When customers look beyond their personal knowledge and experience to help them in buying something, they are engaging in: o ritual consumption o external information search. o cognitive dissonance o business-to-business marketing o self-actalization
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when the consumers want to buy something but don't have any knowledge regarding the product, they opt for different external sources. the different sources like advertisements, internet search, etc., helps to provide the consumer with relevant information to make a purchase. this is known as external information search.
External information search refers to the process of seeking out information from sources outside of oneself to make informed purchasing decisions.
When customers look beyond their personal knowledge and experience to help them in buying something, they are engaging in external information search. This refers to the process of seeking out information from sources outside of oneself to gather relevant knowledge and make informed purchasing decisions.
For example, a customer might read product reviews, compare prices, or ask friends for recommendations before making a purchase.
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How do you start an organization?
Answers
For a Profit Organization:
1. Select the best business structure which favors you in taxes and protect. Such as corporation, limited liability company, sole proprietorship, general partnership, limited partnerships or a professional incorporation.
2. Decide the name you want to use to advertise your business.
3. Register company name with the state, county and the federal if applicable.
4. Check licensing requirements with the city county, city, state and federal.
5. Open a bank account
6. Advertising and Marketing
For a Non Profit Organization:
1. There are two types of non profit organizations religious and good cause.
2. It has to be registered wither with the state or county, depending upon the structure and the state you want to incorporate.
3. Apply with the federal to obtain a tax exempt status, so that your donors can claim donations on their tax returns.
4. Open a bank account
5. Delegate duties what you have mentioned in the article you submitted to the Internal Revenue Service.
uncovering one another's errors or false assumptions is an advantage of using teams to ______.
Answers
Uncovering one another's errors or false assumptions is an advantage of using teams to solve problems.
False assumptions are commonly held beliefs that are not based on evidence or reasoning. False assumptions can lead to the development of inaccurate or erroneous conclusions. False assumptions are detrimental because they can lead to the loss of resources, time, and energy. False assumptions can also cause major errors and missteps in decision-making and problem-solving. In a team environment, one advantage of having team members is that they can help to identify false assumptions and errors of others.
This creates a more critical and efficient decision-making and problem-solving process. In conclusion, uncovering one another's errors or false assumptions is an advantage of using teams to solve problems.
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the government regulates monopolies because part 2 a. monopolies price their output above the marginal cost of production. b. monopolies produce less than the socially desirable level of output. c. monopolies generate inefficiency by creating a misallocation of resources. d. all of the above.
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The government regulates monopolies because monopolies produce less than the socially desirable level of output, monopolies price their output above the marginal cost of production, monopolies generate inefficiency by creating a misallocation of resources. (All of the above.)
Why does the government regulate natural monopolies?
First of all, there is a good reason why natural monopolies are regulated by the government. Because the electric company has a monopoly, consumers are unresponsive to price changes; if a company doubled the price of electricity, people would have to pay it because they have no one else to buy it from.
What does governmental regulation serve to achieve?
Government laws play a significant part in ensuring a secure, equitable economy for consumers and small businesses alike, protecting them from being drained by powerful corporations and unfair business practices.
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TRUE/FALSE. the kraft heinz company product, mio drops, is an example of a low-tech source of innovation.
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False, Mio Drops, a product of the Kraft Heinz Company, is not an illustration of a low-tech source of innovation.
Mio Drops are a relatively new product in the beverage industry that allow consumers to customize the flavor of their water. However, the technology behind Mio Drops is not considered low-tech, as it involves the use of advanced chemistry to create flavor extracts that can be easily mixed into water.
Mio Drops is a liquid water enhancer that adds flavor to water, and it doesn't involve any complex technology. It represents a low-tech innovation, as it is a simple product that addresses the need for improved taste in water without using any advanced technological processes.
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During the early years of the Reagan administration, some of the presidential advisors argued that tax cuts could reduce inflation because they would give people an incentive to produce more. Critics of this argument believed that tax cuts would increase inflation, not reduce it. The critics were arguing that tax cuts move the:
Answers
Answer:
The correct solution is "Aggregate demand curve to the right with little change in long-run aggregate supply".
Explanation:
Together all long-term aggregate demand curve implies that the average has some degree of environmental production this could generate, anywhere at a competitive price. When major inflation increases prices multiply simultaneously, and now in the long term, your community could still contribute to the provision. The critics argued that tax reductions shift the aggregate equilibrium to the right with really no improvement throughout the aggregate production in the long term.Primetime Incorporated is a retailer of sporting gear. It sells 500 pairs of a specific Nike sneaker each day. Nike, the supplier, takes a week (7 days) to deliver the order. For what quantity should the inventory manager place his/her next order?
Answers
Answer:
3500 units
Explanation:
The quantity at which the Primetime inventory manager places his/her next order is the reorder point.
The reorder point is the minimum quantity of inventory that a business should have in its store.
The reorder point is calculated using the formula below.
(Average daily unit sales x delivery lead time) + safety stock
For Primetime, safety stock is not mentioned
reorder point =500 units x 7 days
=3500 units
Fill in the missing words: A leading chocolate company recently announced that it has succeeded in creating red chocolate. The company _______ that no food coloring was involved. Instead, they used a ________ type of cacao bean and a unique manufacturing process. g
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The company says that no food coloring was involved. Instead, they used a special type of cacao bean and a unique manufacturing process.
What is a manufacturing process?This involves the process of turning raw materials into finished goods with the help of tools, human labor, machinery etc.
In this context, the complete sentence is the company says that no food coloring was involved. Instead, they used a special type of cacao bean and a unique manufacturing process.
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A(n) ________ is a complicated set of possibly nonlinear equations.
A) data warehouse
B) neural network
C) expert system
D) online analytical processing (OLAP) cube
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A neural network is a complicated set of possibly nonlinear equations.
What is a neural network?Artificial neural networks, more commonly referred to as neural networks or neural nets, are computer architectures that draw inspiration from the biological neural networks found in animal brains.
Artificial neurons, which are a set of interconnected units or nodes that loosely resemble the neurons in a biological brain, are the foundation of an ANN.
Furthermore, an artificial intelligence technique called a neural network instructs computers to process data in a manner modeled after the human brain. Deep learning is a type of machine learning that employs interconnected neurons or nodes in a layered structure to mimic the human brain.
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On March 1, 2021, Stratford Lighting issued 10% bonds, dated March 1, with a face amount of $690,000. The bonds sold for $678,000 and mature on February 28, 2041 (20 years). Interest is paid semiannually on August 31 and February 28. Stratford uses the straight-line method and its fiscal year ends December 31.
1. Prepare the journal entry to record the issuance of the bonds by Stratford Lighting on March 1, 2021
2. Prepare the journal entry to record interest on August 31, 2021
3. Prepare the journal entry to accrue interest on December 31, 2021.
4. Prepare the journal entry to record interest on February 28, 2022
Answers
Answer:
1. March 1, 2021
Dr Cash $678,000
Dr Discount on bonds payable $12,000
Cr Bonds payable $690,000
2. August 31, 2021
Dr Bond interest expense $34,800
Cr Discount on bonds payable $ 300
Cr Cash $34,500
3. December 31, 2021
Dr Bond interest expense $23,200
Cr Discount on bonds payable $200
Cr Bond interest payable $23,000
4. February 28, 2022
Dr Bond interest payable $23,000
Dr Bond interest expense $11,600
Cr Discount on bonds payable $100
Cr Cash $34,500
Explanation:
1. Preparation of the journal entry to record the issuance of the bonds by Stratford Lighting on March 1, 2021
Dr Cash $678,000
Dr Discount on bonds payable $12,000
($690,000-$678,000)
Cr Bonds payable $690,000
(Being to record issuance of the bonds is recorded)
2. Preparation of the journal entry to record interest on August 31, 2021
Dr Bond interest expense $34,800
Cr Discount on bonds payable $ 300 ($12,000/20*6/12 )
Cr Cash $34,500
($690,000 × 10% × 6/12)
(Being to record interest )
3. Preparation of the journal entry to accrue interest on December 31, 2021.
Dr Bond interest expense $23,200
($23,000+$200)
Cr Discount on bonds payable $200
($12,000/20 × 4 /12)
Cr Bond interest payable $23,000
($690,000* 10%× 4/12)
(Being to record accrue interest is recorded)
4. Preparation of the journal entry to record interest on February 28, 2022
Dr Bond interest payable $23,000
($690,000* 10%× 4/12)
Dr Bond interest expense $11,600
[($34,500+$100)-$23,000]
Cr Discount on bonds payable $100
($12,000/20*2/12)
Cr Cash $34,500
($690,000 × 10% × 6/12)
(Being to record interest is recorded)
What is the cost of running the following schedule in Rolling
Stone magazine? 4th cover 12x
-$3,173,700
-$2,538,960
-$2,792,856
-$2,697,648
$2,697,648
Answers
The total cost of the ads is $-16,300,816, or $8,505,516.
the cost of running the following schedule in rolling stone magazine is $-8,505,516.
the prices for the ads are as follows:
* 4th cover 12x = $3,173,700 * 4th cover 12x = $2,538,960
* 4th cover 12x = $2,792,856 * 4th cover 12x = $2,697,648
* 4th cover 12x = $2,697,648
the total cost of the ads is $16,300,816. however, the negative sign in front of the prices indicates that the company is *receiving* money for the ads, not paying for them. to calculate the total cost, you can simply add up the prices of the ads. however, you need to be careful to take into account the negative sign in front of the prices. if you ignore the negative sign, you will calculate the total cost as $16,300,816, which is the total cost if the company were paying for the ads. however, since the company is receiving money for the ads, the total cost is actually $-16,300,816, or $8,505,516.
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How does the increasing focus of media conglomerates on making a profit affect television news?
Answers
The number of foreign bureaus and international news departments of media firms has decreased.
What is meant by a media conglomeration?A media conglomerate, media group, or media institution is a company that controls a number of companies involved in mass media operations, such as music, television, radio, publishing, motion pictures, theme parks, or the Internet.
What is the main reason behind the decline in the number of newspapers published?With the invention of television, newspapers' decline as the majority of people's daily news source began in the 1950s. However, when the Internet gained popularity in the 1990s, it further undermined newspapers' monopoly as a news source and increased the range of media options available to the typical reader.
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a company exchanged old equipment and $17,400 cash for similar equipment. the book value and the fair value of the old equipment were $81,400 and $90,700, respectively. assuming that the exchange lacks commercial substance, the company would record a gain(loss) on exchange of assets in the amount of:
Answers
The loss on the exchange of assets would be -$26700.
Based on the information provided, the company exchanged old equipment and cash for similar equipment with a fair value of $90,700. The book value of the old equipment was $81,400, which means that the company had a net book value of $81,400 - $17,400 = $64,000 before the exchange.
Since the exchange lacks commercial substance, the company cannot recognize a gain on the exchange. Instead, the company needs to recognize a loss on the exchange. The loss is calculated as the difference between the net book value of the old equipment and the fair value of the new equipment. Therefore, the loss on the exchange of assets would be $64,000 - $90,700 = -$26,700.
It's important to note that even though the company is recognizing a loss on the exchange, the new equipment has a higher fair value than the old equipment, which could be beneficial to the company in the long run. Additionally, the company may have made the exchange for other strategic reasons, such as upgrading their equipment or consolidating their operations.
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50 points, please get this done ASAP
Answers
Answer:
your answer is C
Explanation:
What is the difference between excise tax, sales tax and use tax? tax is restricted to a particular transaction while
Answers
Excise tax, sales tax, and use tax are all types of taxes, but they differ in their application and purpose. Here's a breakdown of each:
1. Excise tax: This tax is imposed on specific goods or services, such as alcohol, tobacco, gasoline, or luxury items. It is usually levied at the point of manufacture or sale. Excise taxes are often considered "sin taxes" as they aim to discourage the consumption of certain products, protect public health, or fund specific government programs.
2. Sales tax: Sales tax is imposed on the retail sale of most goods and some services. It is typically a percentage of the purchase price and is collected by the seller at the time of the transaction. Sales tax rates vary by state and can differ between cities or counties within the same state. The revenue generated from sales tax goes to the state or local government to fund various public services.
3. Use tax: Use tax is similar to sales tax, but it is applied when taxable goods are purchased from out-of-state sellers and used within the state. Use tax ensures that individuals who buy goods out-of-state and bring them into their home state are subject to the same tax burden as those who purchase within the state. Use tax is typically self-reported and paid by the buyer directly to the state.
In summary, excise tax is specific to certain goods or services, sales tax is imposed on most retail purchases, and use tax is paid on out-of-state purchases for use within the state. Each tax serves a different purpose and is collected in different ways.
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The main difference between excise tax, sales tax, and use tax lies in their scope and application. Excise tax is levied on specific goods or activities, such as alcohol, tobacco, or fuel, at the point of production or sale. Sales tax is imposed on the retail sale of goods and services, typically at the point of sale. Use tax, on the other hand, is applied when a taxable item is purchased without paying sales tax and is instead used or consumed in a state that imposes use tax. It is essentially a way to ensure that sales tax is paid on items purchased outside the state.
1. Excise Tax: Excise tax is a tax imposed on specific goods or activities. It is typically included in the price of the product or service and paid by the producer or distributor. Excise taxes are often imposed on goods that are considered harmful or luxury items, such as alcohol, tobacco, gasoline, and firearms. The tax is usually applied at the point of production or sale, and the burden is ultimately passed on to the consumer.
2. Sales Tax: Sales tax is a tax levied on the retail sale of goods and services. It is generally a percentage of the purchase price and is collected by the seller at the point of sale. The responsibility of collecting and remitting sales tax lies with the seller, who then sends the tax revenue to the appropriate government authority. Sales tax rates can vary between states and local jurisdictions.
3. Use Tax: Use tax is a tax that applies when a taxable item is purchased without paying sales tax and is instead used or consumed in a state that imposes use tax. It is essentially a way to ensure that sales tax is paid on items purchased outside the state but used within the state. Individuals or businesses are typically required to self-report and remit use tax on their purchases that are subject to use tax but were not subject to sales tax.
In summary, while excise tax is specific to certain goods or activities, sales tax is applied at the point of retail sale, and use tax is levied on items purchased outside the state but used within the state. Each tax serves a different purpose and has its own set of rules and regulations for collection and remittance.
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Which of the following tasks would be completed by a radio announcer
Answers
Answer:
Research questions for interviewing guests.
Explanation:
A Radio Announcer has several responsibilities among which could be research questions for interviewing guests, and be the voice of the show, he would have to do troubleshooting, nor train customers, he shouldn´t need to install telecommunication equipment, so the only responsibility that the radio announcer would have from the options would be D) Research questions for interviewing guests.
which of these is mos likely outcome of a financial crisis
Answers
Answer:
More bankruptcies
Explanation:
Financial crises are caused by number of reasons such as stock market crash, liquidity shortage, over-valued assets which make investors sell off their investments hence causes panic withdrawals for customers due to rumored banking collapse etc.
When financial crises occur, the profit due to firms will be eroded because the revenue expected by them is not coming forth. Moreso, the overall corporate profit would also be affected by the financial crises hence bring about loss and subsequent bankruptcies.
Financial crises creates unemployment or massive lay-offs, loss of money hence increase chances of creating more bankruptcies.
your roommate says, "sales taxes are reported as an expense in the income statement." do you agree?
Answers
When an item is sold to a customer, sales tax applies. This is categorized as a current liability that must be paid to the government rather than a cost.
Does VAT correspond to sales tax?A flat tax assessed on an item is known as value-added tax (VAT). It is similar to a sales tax in some ways, but unlike a sales tax, the consumer pays the entire amount owed to the government at the point of sale. With a VAT, different parties to a transaction each pay a portion of the tax.
What is an illustration of a sales tax?Take a look at this sales tax illustration. Before you check out at The Clothing Boutique, you should estimate your final bill after taxes. The sum of the prices of the items in your cart adds up to $100. In that county, the sales tax is 9.5%, so you would divide $100 by 9.5% (100 x 0.095).
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Devonte is balancing his checking account. His account statement does not include a deposit of $107. 00 that he made on November 1st. What is Devonte’s actual account balance?.