Glenn carries on a business and is registered for GST. He made a taxable supply of goods in the course of his business and received $1500 in cash and goods with a market value of $700 inclusive of GST in return for the supply. What is the value of the taxable supply made by Glenn?
Answers
The value of the taxable supply made by Glenn is $1500.
When determining the value of a taxable supply for GST (Goods and Services Tax) purposes, it is important to consider the consideration received in return for the supply. In this case, Glenn received $1500 in cash and goods with a market value of $700, which includes GST. When calculating the value of the taxable supply, we exclude the GST component. Therefore, the value of the taxable supply made by Glenn is the amount he received in cash, which is $1500.The inclusion of goods with a market value of $700 in the consideration does not affect the value of the taxable supply, as the value for GST purposes is based on the cash received.
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Related Questions
Dr. Peabody recorded $6,820 in services provided to clients who make monthly payments. Which of the following statements is correct?
A. The dental revenues account is debited $6,820; accounts receivable is credited $6,820.
B. Accounts receivable is credited $6,820; the dental revenues account is credited $6,820.
C. Accounts receivable is debited $6,820; the dental revenues account is debited $6,820.
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.
Answers
Answer:
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.
Explanation:
The two accounts that are affected here are accounts receivables ( Assets) and the revenue account ( affects capital). The accounts receivable will increase as payment is expected at the end month. Since receivable are assets, an increase in receives is recorded as a debit of the account receivable account. $ 6,820 will be debited on the accounts receivables.
The services rendered increases the revenue to Dr. Peabody. Revenue is considered a capital account because it increases the owner's equity. An increase in a capital account is credited. Dr. Peabody will credit the dental revenue account with $6,820.
Which situation best illustrates the effects of inflation?
A. A factory lowers its employees' wages to $8 per hour.
B. A restaurant owner sells her business for $200,000,
C. The cost of rice at a market rises by 20 percent over three years.
O
D. An entrepreneur receives a $10,000 loan from a bank.
Answers
Answer: C: The cost of rice at a market rises by 20 percent over three years.
Explanation:
inflation is a measure of the rate of rising prices of goods and services in an economy.
The cost of rice at a market rises by 20 percent over three years best illustrates the effects of inflation. The correct option is C.
What causes inflation?As household incomes improve as a result of more jobs and higher earnings and an increase in consumer spending, the potential for price increases by businesses to raise the cost of their goods and services increases. The result is a spike in inflation when it occurs across a wide range of industries and businesses.
Inflation refers to the general increase in prices of goods and services in an economy over time. Therefore, situation C best illustrates the effects of inflation, as the cost of rice at a market rises by 20 percent over three years. This means that the same amount of money will buy less rice over time, which is an example of the erosion of purchasing power due to inflation.
Therefore, option C, "The cost of rice at a market rises by 20 percent over three years," is the most accurate answer.
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Effective project management involves utilizing a variety of important skills and tools in order to get projects completed on-time and on budget. How do you feel the reflections element can improve or enhance future projects?
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The reflections element is a critical part of effective project management, as it provides an opportunity for the team to evaluate their performance and identify areas for improvement.
Reflections can be conducted at different stages of the project, including before, during, and after the completion of the project.
By reflecting on past projects, project managers and team members can identify what worked well and what did not. They can also evaluate the effectiveness of the tools and skills used, and identify areas where they need to improve. The information gathered from reflections can be used to develop new strategies, refine existing processes, and enhance future projects.
Reflections can also facilitate communication and collaboration within the team, as it provides an opportunity for everyone to share their experiences and perspectives. This can help to build a stronger team, as everyone has a better understanding of each other's strengths and weaknesses.
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FILL IN THE BLANK. with regard to quality management systems, is a formal document that demonstrates a commitment to achieving high quality and meeting customer expectations.
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Total quality control is a comprehensive collection of methods used to reduce mistakes across a company.
What is Total Quality Control?Total quality control is a broad range of methods used to reduce errors across an organization. An firm can significantly increase both its profitability and customer satisfaction by doing this. Employees from all departments who have the authority to make changes must participate. This strategy incorporates several ideas, such as:What counts is how the customer feels about the quality.Process enhancements are the primary focus of error reduction.There is no end to the overall quality control effort because processes must be continually improved.The objective of quality improvement must be closely integrated with ongoing feedback loops and motivational techniques.To Learn more About Total quality control refer to:
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In the immediate postwar period, many European governments adopted a theory of economics that advocated for government intervention to stabilize the economy while still allowing free market capitalism. What is this economic theory called?
mcq options:
Neoliberalism
Communism
Keynesianism
Laissez-faire
Answers
In the immediate postwar period, many European governments adopted a theory of economics that advocated for government intervention to stabilize the economy while still allowing free market capitalism. This economic theory is called Keynesianism.
Keynesianism is an economic theory that focuses on government intervention in the economy. This theory advocates for government intervention in the economy to ensure that it runs smoothly. The economy can be stabilised by the government through public spending, taxation, and monetary policy. Keynesianism was created by John Maynard Keynes, a British economist, in the 1930s. Keynesianism's main goal is to keep unemployment and inflation rates low while increasing economic growth. The economic theory also holds that the government should invest in public infrastructure and social programs to increase employment and stimulate the economy.
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please help me!!! I literally have no clue what it is
Answers
Answer:
Critical Thinking,Mathematics, and Operation and Control.
Explanation:
_BLANK_ is the opposite of life insurance; it pays while you are alive.
Answers
Answer:
Annuity
Explanation:
Life Insurance & Annuity have opposite goals.
Life Insurance provides insured person's family with lump sum payment, after individual dies.
Annuity provides insured person with assured income streams, throughout his or her lifetime.
They are opposite as one facilitates lifetime income security, however the other after life financial security.
Rick Mueller insures his house for $88,500. A. Since the contents are automatically insured for 50% of
the total insurance on the house, what is the amount the contents are insured for? b. If Rick's insurance
company charges $0. 53 per $100 for the policy, what will be the annual premium?
Answers
The amount the contents are insured for based on the insurance done by Rick will be $44250.
How to calculate the insurance?From the information given, Rick Mueller insures his house for $88,500 and the contents are automatically insured for 50% of the total insurance on the house.
Therefore, the amount will be:
= 50% × $88500
= $44250
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Activities involved in buying and selling goods on a large scale.
a) gross domestic product
b) inflation rate
c) labor force
d) business cycle
e) recession
f) monopoly
g) fiscal policy
h) monetary policy
i) commerce
j) price fixing
Answers
Answer:
I think answer is price fixing
Match the steps that marketing management performs to the scenarios that describe the steps
Answers
The steps that marketing management performs to the scenarios that describe the steps include the "Discovery Step --- Marketing management team are performing detailed research for the best target market for their products or services."
The other steps that marketing management performs to the scenarios that describe the steps include the following:
Strategy step -- the marketing management team determines the proper marketing channels for their product or services. Then, they formulate the messaging and finally plan the timing.Implementation step -- the marketing management team decides when and where to execute their targeted, cost-effective marketing campaigns and put them into action.Measurement step -- the marketing management team assesses the marketing campaign results to know the right methods or techniques before continuing with the marketing campaign.Hence, in this case, it is concluded that the Marketing management team plays a vital role in the product life cycle.
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A publisher for a promising new novel figures fixed costs at $37,099 and variable costs at $2.23 for each book produced. If the book is sold to the distributors for $12 each, how many books must be produced and sold for the publisher to break even?
! NOTE ! Will someone please actually show the individual steps and not just "Here's the first equation, here's the second, solve both of them"?
You don't even have to give the answer. I just would really like a DETAILED breakdown of the steps so I can solve for myself. Thanks!
Answers
Therefore, the publisher must produce and sell approximately $3,798.46 books (rounded to the nearest whole number) to break even.
How many books must be produced and sold for the publisher to break even, given fixed costs of $37,099, variable costs of $2.23 per book, and a selling price of $12 per book?To break even, the publisher of a novel with fixed costs of $37,099 and variable costs of $2.23 per book needs to determine how many books must be produced and sold.
By setting up the equation and solving it step by step, the publisher finds that they need to sell approximately 3,798.46 books (rounded to the nearest whole number).
This break-even point is reached when the total cost, including fixed and variable costs, equals the total revenue generated from selling the books at a price of $12 each.
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Sid Maxwell is the head of legal affairs at Hudson Inc., an American toy manufacturer. A. Hudson's signature toy, the Witty Parakeet, includes an embedded software program that allows the bird to interact with children. B. Hudson is currently planning to expand its market in Asia but Sid is concerned about reports of software piracy in the region.
Answers
Answer:
trade secret
Explanation:
THIS IS THE COMPLETE QUESTION BELOW
Sid Maxwell is the head of legal affairs at Hudson Inc., an American toy manufacturer. Hudson's signature toy, the Witty Parakeet, includes an embedded software program that allows the bird to interact with children. Hudson is currently planning to expand its market in Asia but Sid is concerned about reports of software piracy in the region.
The software program embedded in Hudson's signature toy, the Witty Parakeet, is an example of a(n) ________.
Trade secret can be regarded as one of the intellectual property which is a process/ practice such as design, patterns or instrument that is generally not revealed outside the company. It gives a company an edge over her compititors
You see a television commercial for a product you may want to buy, and there is a telephone number you must call to place an order. Because you don’t have anything with which to write down the number, you repeat it to yourself over and over again until you feel like you won’t forget it. This process is called ________.
Answers
If you repeat it to yourself over and over again until you feel like you won’t forget it. This process is called rehearsal.
What is rehearsal?Rehearsal is the act of rehearsing when preparing for an event so as to remember or not to forget what you have practice or learn.
Based on the given scenario repeating what you have learn or cram over and over again so as not to forget is called rehearsal.
Inconclusion repeating it to yourself over and over again until you feel like you won’t forget it is called rehearsal.
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The principle of ____ in the products liability context holds that all merchant sellers of a defective and dangerous product are fully and equally liable for the injuries caused by the product regardless of who among them is at fault for the defect in the product.
Answers
Answer: Strict product liability
Explanation:
Strict product liability holds that all merchants sellers of defective and dangerous product are responsible for the outcome of their products regardless of who among them is at fault. The merchants bear the risk for this particular product based on how dangerous they seen to be.
Vendors submit invoices prior to receiving purchase orders from companies.
True
False
Answers
Answer:
False
Explanation:
Only after the purchase was approved
ldentify the law that protects the consumer from having to pay a credit charge that is in a legitimate dispute.
a. Fair Credit Reporting Act
b. Preservation of Consumer's Claims
C. Fair Debt Collection Practices
d. Truth in Lending
Answers
Answer:
Well its called Fair Credit Billing Act but A is close enough so I guess A.
Also A is The Fair Credit Reporting Act (FCRA) is a federal law that regulates the collection of consumers' credit information and access to their credit reports.
Also the Truth-in-Lending Disclosure Statement provides information about the costs of your credit. Your Truth-in-Lending form includes information about the cost of your mortgage loan, including your annual percentage rate. So it could be that one too..
Ella presented her master's thesis to her supervising professor. She had linked many data tables into her PowerPoint
presentation. A year later, she was asked to present her findings at a conference. When she tried to present her slides,
many of her links had broken. Which best explains what happened to her links?
Answers
Answer:Stolen
Explanation:somebody prolly stole her work for there own keep your digital stuff save
Answer:
She renamed a folder or file, and the link can no longer be found.
Explanation:
Which of the following best describes the law of supply and demand?
A. When a desirable product or service is plentiful, its value increases.
B. Businesses can charge extra for products that people use every day.
C. When there is a high demand for a product, it is hard to supply.
D. When a desirable product or service is scarce, its value increases,
Answers
Answer:
d is you answer
Explanation:
Answer:
D. When a desirable product or service is scarce, its value increases.
Explanation:
Because more people want a product that there is less of, meaning they will raise the price.
who is elon musk......
Answers
Answer:
Elon Musk FRS an entrepreneur and business magnate. He is the founder, CEO, and Chief Engineer at SpaceX; early stage investor, CEO, and Product Architect of Tesla, Inc.; founder of The Boring Company; and co-founder of Neuralink and OpenAI. A centibillionaire, Musk is one of the richest people in the world.
What defines the process by which a procurement can be modified?
Answers
Procurement modification refers to the process of altering a procurement contract.
The first step in the procurement modification process is to identify the need for the modification. This may be initiated by either the procuring entity or the contractor, & may involve a change in the scope of work, the delivery date, or other contractual terms.
Once the need for modification has been identified, the parties involved in the contract must negotiate the terms of the modification, including any changes to the contract price, delivery schedule, or other contractual obligations.
The next step is to obtain the necessary approvals for the modification. This may involve seeking approval from senior management or the governing body responsible for overseeing the procurement process.
Depending on the size & complexity of the procurement, this approval process may involve multiple levels of review & approval.
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On 31 January 2017, you bought 200 shares of a company for $422.84 a share and on 31 January 2021 you sold them for $862.14 a share. In January 2021, you also received a cash dividend of $11.64 per share. Calculate the annual holding period yield (in percentage) on your investment.
Answers
The annual holding period yield (in percentage) on the investment of 200 shares purchased
at $422.84 a share and sold at $862.14 a share and a cash dividend of $11.24 per share is 14.27%.
Number of shares = 200
Cost per share = $422.84
Selling price per share = $862.14
Dividend per share = $11.24
To calculate the annual holding period yield of the investment, we need to determine
the holding period, the dividend, and the return on investment.
Holding period = (2021 - 2017) = 4 years
Dividend income = $11.24 x 200 = $2,248
Total revenue from selling shares = Selling price per share x Number of shares= $862.14 x 200 = $172,428
Total Cost of 200 shares = Cost per share x Number of shares= $422.84 x 200 = $84,568
Total Return on Investment = Dividend income + Total Revenue from Selling Shares - Total Cost of shares= $2,248 + $172,428 - $84,568= $90,108
Annual Holding Period Yield = ((Total Return on Investment / Total Cost of shares)^(1/number of years)) - 1= (($90,108/$84,568)^(1/4)) - 1= (1.06769^(1/4)) - 1= 0.135 = 13.5% (rounded to one decimal place)Therefore, the annual holding period yield (in percentage) on the investment of 200 shares purchased at $422.84 a share and sold at $862.14 a share and a cash dividend of $11.24 per share is 14.27%. (rounded to two decimal places).
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A company has a product that it feels can meet the needs of a targeted
market segment that is very concerned about eating healthy, all-natural foods.
Which of the following would be an example of positioning a product
appropriately for this situation?
A. Initiating an advertising campaign that shows the all-natural
process of the company's growers
B. Conducting a survey to see how many consumers in the market
would pay more for organic foods
C. Using skimming pricing methods to meet the high demands of
this market segment
D. Providing customers with one-year warranties for each product
they purchase
Answers
Initiating an advertising campaign that shows the all-natural process of the company's growers would be an example of a product appropriately for this situation. Thus, option (a) is correct.
What is product?
The term “product” refers to the thing to be sold. The product will be tangible. The manufacturing product is made with the help of raw materials and converted into finished goods. The products can be divided into two categories, such as industrial and consumer products.
The product's capacity to satisfy the target market segment's requirement for consuming wholesome, natural foods was a concern for the manufacturer. The all-natural approach of the business's growers is demonstrated in the market positioning and the advertising campaign's method.
As a result, the initiating an advertising campaign that shows the all-natural process of the company's growers. Therefore, option (a) is correct.
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X Company, which uses the gross method and a perpetual inventory system, sold $2,000 of merchandise on account with credit terms of 2/10,n/30. If the customer pays within the discount period and takes the discount, X will record a journal entry that includes ______. (Check all that apply.)
Answers
Answer.
Explanation.
20 Characters long
50 points !!!!! Please help me!!! This is about Simple path to wealth by JL Collins
Answers
Answer:
sorry need koren po ng point kasi mag a ask lang din nmn po ako thnks po:(
What is a trend in business
Answers
A firm has issued $20 million in long-term bonds that now have 10 years remaining until maturity. The bonds carry an 8% annual coupon and are selling in the market for $877.10. The firm also has $45 million in market value of common stock. For cost of capital purposes, what portion of the firm is debt financed and what is the after-tax cost of debt, if the tax rate is 35%?
Answers
Answer:
6.5%
Explanation:
Market value of Bond = Par value*bonds outstanding*%age of par
= 1000*20000*0.8771
= $17,542,000
Market value of firm = Market value of Equity + Market value of Bond
= $45,000,000 + $17,542,000
= $62,542,000
Weight of debt = Market value of Bond / Market value of firm
Weight of debt = 17542000/62542000
Weight of debt = 0.2805
Yield to maturity = Rate(Nper, pmt, -Pv, fv)
Yield to maturity = Rate(10, 80, -877.1, 1000)
Yield to maturity = 0.10001541
Yield to maturity = 10.00%
After tax cost of debt = Cost of debt * (1-tax rate)
After tax cost of debt = 10.00%*(1-0.35)
After tax cost of debt = 10.00%*0.65
After tax cost of debt = 6.5%
you have just determined the actual number of workstations that will be used on an assembly line to be 6 using the assembly-line balancing procedure. the cycle time of the line is 10 minutes and the sum of all that tasks required on the line is 50 minutes. what is the assembly line's efficiency? round your answer to the nearest two decimal places.
Answers
In the given situation the required assembly line's efficiency would be 0.833.
What is the assembly line's efficiency?The number of hours that a high-volume pick-and-place machine is placing components on the printed circuit board, divided by the number of hours that the SMT assembly line is staffed, is the line efficiency formula.
It can also be expressed as 100 multiplied by the placement time hours divided by the staffed time hours.
Contrarily, assembly lines include the completion of a single task on the product as it moves down the production line as opposed to a sequence of tasks.
Maximizing the quantity a worker could produce in relation to the cost of labor, improves efficiency.
So, in the given situation the assembly line's efficiency would be:
[50 / (6 x 10)] = 0.833
Therefore, in the given situation the required assembly line's efficiency would be 0.833.
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T/F. Expected volume of output, degree of equipment flexibility, and variety of products/services offered are the main demand factors impacting process selection
Answers
True. Expected volume of output, degree of equipment flexibility, and variety of products/services offered are indeed the main demand factors impacting process selection.
When it comes to expected volume of output, process selection decisions are usually based on whether the output will be produced in high volume or low volume. High-volume production often requires specialized equipment and standardized processes to ensure consistency and efficiency, while low-volume production may be more flexible and customizable. The degree of equipment flexibility refers to the ability of equipment to handle different types of products or services. If a business offers a wide variety of products or services, it may need more flexible equipment that can accommodate different needs. Finally, the variety of products/services offered also plays a role in process selection as it affects the complexity of the production process and the need for specialized equipment or expertise. Overall, these three factors are important considerations when choosing the most appropriate process for a particular business or industry.
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Oertel BG, Felden L, Tran PV, et al. Selective antagonism of opioid-induced ventilatory depression by an ampakine molecule in humans without loss of opioid analgesia
Answers
The study conducted by Oertel et al. explores the use of an ampakine molecule as a selective antagonist to counteract opioid-induced ventilatory depression while preserving the analgesic effects of opioids.
Ventilatory depression refers to the suppression of breathing caused by opioid medications, which can be life-threatening in cases of overdose or prolonged use.
In this research, the ampakine molecule was investigated for its ability to enhance the function of AMPA receptors in the brain, which are involved in excitatory neurotransmission. By enhancing the activity of these receptors, the researchers aimed to counteract the respiratory depression caused by opioids.
The study involved human participants who received opioid analgesics along with the ampakine molecule. The results showed that the ampakine effectively antagonized the opioid-induced ventilatory depression without compromising the analgesic properties of the opioids. This suggests that the ampakine selectively targeted the respiratory effects of opioids while leaving their pain-relieving properties intact.
The findings of this study have significant implications for improving opioid therapy safety by addressing the potential risk of respiratory depression.
The use of an ampakine molecule as a selective antagonist may offer a promising approach to mitigate this adverse effect and enhance patient safety during opioid treatment. Further research and clinical trials are necessary to validate and explore the potential applications of this novel approach.
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larry doesn’t plan to attend. larry did not sell his shares but gave his voting rights to the management group running general electric (ge). larry must have signed a
Answers
Larry must have signed a proxy agreement. A proxy agreement is a legal document that allows one person (the proxy) to vote on behalf of another person (the principal). In this case, Larry gave his voting rights to the management group running General Electric (GE) through a proxy agreement.
By signing this agreement, Larry authorizes the management group to vote on his behalf at GE shareholder meetings. This means that even though Larry still owns his shares in GE, he has chosen not to attend the meetings in person and has delegated his voting rights to the management group. By doing so, Larry allows the management group to make decisions on his behalf.
A proxy agreement is a common way for shareholders to participate in corporate decision-making when they are unable or choose not to attend shareholder meetings. It ensures that their votes are still counted and represented by a trusted party.
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the complete question is:-
larry doesn’t plan to attend. larry did not sell his shares but gave his voting rights to the management group running general electric (ge). larry must have signed agreement?