Hypothetically, all of the following may have potentially limited the positive effects of the diversification associated with international strategies for FIFA EXCEPT: a. managers were unable to manage so much diversification. b. many fans supported FIFA's actions. c. all of the countries are not geographically close.
Answers
The factors that can potentially limit the positive effects of FIFA's diversification strategies include all EXCEPT b. many fans supported FIFA's actions.
FIFA's diversification strategies attracted the attention of football fans and corporate sponsors. But, international diversification is not an easy process to manage.
Thus, the positive effects of FIFA's diversification strategies were not limited by fans who supported FIFA's actions.
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Related Questions
"The currency speculator who sells futures contracts assumes the risk that someone else doesn't want to assume." Do you agree or disagree? Explain your answer.
Answers
I agree with the statement "The currency speculator who sells futures contracts assumes the risk that someone else doesn't want to assume."
In the currency futures market, there are always two parties involved in a transaction - a buyer and a seller. The buyer of a futures contract is typically a hedger who is looking to protect against currency price fluctuations, while the seller is typically a speculator who is looking to profit from those price fluctuations.
When a currency speculator sells a futures contract, they are essentially taking on the risk that the hedger is looking to offload. The hedger is willing to pay a premium for the futures contract to transfer the risk to someone else.
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Main Line Restaurant Group (MLRG) is a company that owns and operates a national chain of Italian themed restaurants. Each of its restaurants is equipped with a series of hoods that ventilate smoke from a wood-burning pizza oven to the outside via a roof vent. Last year, as part of a broader air pollution control law, Congress passed a statute that authorized the appro priate administrative agency to implement rules intended to decrease the amount of pollution caused by debris in the air from commercial use of wood -burning ovens . 1. What administrative agency would likely have juris diction under this statute ? 2. When Congress passes a law such as the one described above , what is this type of statute called ?
Answers
The administrative agency that would likely have jurisdiction under this statute is the environmental protection agency (EPA).
When Congress passes a law such as the one described above, this type of statute is called Public Law 104–1. and sometimes referred to as Clean Air Act Amendments of 1990.
What is the The Clean Air Act: 1990 Amendments?President George H. W. Bush signed the Clean Air Act revision into law on November 15, 1990, with a resoundingly bipartisan majority. With regard to the environment and the health of millions of Americans, the modifications were specifically made to address four significant threats: acid rain, urban air pollution, hazardous air pollutants, and stratospheric ozone depletion.
In order to make the law more practical, the changes also established a national operating permits mechanism and tightened enforcement to assist assure better adherence to the Act.
Note that the revisions included a number of innovative and forward-thinking new strategies for successfully attaining the air quality objectives and regulatory reform anticipated from these extensive amendments.
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Process operations is defined as a manufacturing process that includes: (Check all that apply.) Multiple select question. large volumes of similar products. customized products. series of sequential processes. individualized production steps.
Answers
The process operations are treated as the manufacturing process that involved the high standardization level, and the series of the sequential process.
The information related to the process operations is as follows:
It refers to the method or action or the operation that involved the storage or handling of the material prior, during, or after the manufacturing. It involved the greater standardization level, and the sequential process series.Therefore we can conclude that the process operations are treated as the manufacturing process that involved the high standardization level, and the series of the sequential process.
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You are given the following information for Lightning Power Company. Assume the company’s tax rate is 24 percent.
Debt: 9,000 5.8 percent coupon bonds outstanding, $1,000 par value, 24 years to maturity, selling for 106 percent of par; the bonds make semiannual payments.
Common stock: 420,000 shares outstanding, selling for $60 per share; beta is 1.11.
Preferred stock: 18,000 shares of 3.6 percent preferred stock outstanding, a $100 par value, selling for $81 per share.
Market: 5 percent market risk premium and 4.6 percent risk-free rate.
What is the company's WACC?
Answers
The Weighted Average Cost of Capital (WACC) for Lightning Power Company is 9.84%.
To calculate the Weighted Average Cost of Capital (WACC) for Lightning Power Company, we need to determine the cost of each component of its capital structure and their respective weights. The WACC is the weighted average of these costs.
Cost of Debt:
The debt component consists of 9,000 bonds with a 5.8 percent coupon rate, a $1,000 par value, and selling for 106 percent of par. The semiannual coupon payment is calculated as (5.8% * $1,000) / 2 = $29.
The current market price of the bond is 106% of $1,000, which is $1,060. The yield to maturity (YTM) can be calculated using financial calculators or Excel. Let's assume the YTM is 4.5%. Therefore, the cost of debt is 4.5%.
Cost of Common Stock:
The cost of common stock is determined using the Capital Asset Pricing Model (CAPM). The risk-free rate is given as 4.6%, and the market risk premium is 5%. The beta for Lightning Power Company's common stock is 1.11.
Using the CAPM formula: Cost of equity = Risk-free rate + Beta * Market risk premium. Therefore, the cost of equity is 4.6% + 1.11 * 5% = 9.71%.
Cost of Preferred Stock:
The cost of preferred stock is the dividend yield, which is the preferred dividend divided by the market price per share. The preferred stock has a 3.6% dividend yield, and it is selling for $81 per share. Therefore, the cost of preferred stock is 3.6% / $81 = 4.44%.
Next, we need to determine the weights of each component based on their market values. The market value of debt is 9,000 * $1,060 = $9,540,000. The market value of common stock is 420,000 * $60 = $25,200,000.
The market value of preferred stock is 18,000 * $81 = $1,458,000. The total market value of the company's capital structure is $36,198,000.
Now we can calculate the WACC using the formula:
WACC = (Weight of Debt * Cost of Debt) + (Weight of Equity * Cost of Equity) + (Weight of Preferred Stock * Cost of Preferred Stock).
Weight of Debt = $9,540,000 / $36,198,000 = 0.2639 (26.39%)
Weight of Equity = $25,200,000 / $36,198,000 = 0.6961 (69.61%)
Weight of Preferred Stock = $1,458,000 / $36,198,000 = 0.0401 (4.01%)
Plugging in the values, we get:
WACC = (0.2639 * 4.5%) + (0.6961 * 9.71%) + (0.0401 * 4.44%) = 2.88% + 6.78% + 0.18% = 9.84%.
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Larkspur, Inc. reports net income of $89,770 in 2017. However, ending inventory was understated by $7,100. Collapse question part (a) What is the correct net income for 2017
Answers
Answer:
$96,870
Explanation:
The understatement of ending inventory causes the cost of goods sold to be overstated and the gross and net income to be understated by the same amount.
If the 2017 ending inventory was understated by $7,100 then the correct net income figure for 2017 will be $7,1000 more that what was reported.
Therefore, 2017 corrected net income
= $89,770 + $7,100
= $96,870
Kyle owned a small business that sold and repaired several styles of bicycles. Last month, Kyle had sales of $15,000 and the costs of operating his business were $12,300.
Which of the following is true about Kyle's business?
•
The business earned a profit.
•
The business should focus on expansion.
•
The business experienced a loss.
•
The business is not capitalizing on a need
Answers
Answer:
The business earned a profit.
Can anyone help me with this worksheet?
Answers
Answer:
Here are the answers i found on Course Hero! Hope this helps. Have a good day! :D
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answers
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
The W-4 tax form is used to ___________.
Answers
Answer:
Employees fill out a W-4 form to let employers know how much tax to withhold from their paycheck based on filing status, dependents, anticipated tax credits and deductions, etc. If you don't fill it out correctly, you may end up owing taxes when you file your return.
Explanation:
The form of W-4 tax is used to report to the employers about how much amount he/ she has to retained from his/her remuneration or paycheck.
What is a tax return?A tax return is a document being filed by all the taxpayers to the tax authorities on yearly basis. They have to specify all the details of their incomes earned in a year in that form.
W-4 tax form is one of the being submitted by the employee stating all the details of their incomes, applicable exemptions, credits, etc. to the employer. This should be done to inform the employer about what amount he/she has to withheld from their final monthly paycheck. In case the employee fails to file the form on time, then he/she has to give more taxes.
Therefore, the W-4 tax form is actually the withholding certificate filed by the employee to the employer.
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You have been asked to estimate the market value of an income-producing property. The table below provides 5 years of projected cash flows for the property. Use the discounted cash flow approach to income valuation to calculate the market value. Assume that you sell the property at the end of year 5 and that the net proceeds from the sale are $5.0 million. Also assume that the discount rate is 7.5%.
Year 1 Year 2 Year 3 Year 4 Year 5
PGI $750,000 $780,000 $811,200 $843648 $877394
EGI $627500 $663000 $717,101 $689,520 $745785
NOI $318715 $331,500 $334,760 $358,550 $372,892
a. $4.18 million
b. $6.11 million
c. $4.12 million
d. $4.40 million
Answers
If we will assume that that the discount rate is 7.5%. then the answer is $4.18 million.
What is discount rate?The discount rate of return applied in corporate finance to reduce future cash flows to their present value is known as a discount rate. This rate is commonly a company's Weighted Average Cost of Capital (WACC), needed rate of return, or the minimum rate that investors hope to attain in order to assess the risk of the investment.
Seven annual free cash flow are received from the investment, each worth $100. An analyst uses a five percent hurdle rate to evaluate the investment's net present value, arriving with a value of $578.64. This contrasts with a whole cash flow of $700 that is not discounted.
Shareholders are essentially saying, "I don't care if I get $578.64 at once and today or $100 a year for 7 years." This claim takes into consideration the investor's perception of the investment's risk profile and a multiplier effect that indicates the earning potential on other investments.
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Carmen SanDiego, a U.S. citizen, is employed by General Motors Corporation, a U.S. corporation. On April 1, 2020, GM relocated
Carmen to its Brazilian operations for the remainder of 2020. Carmen was paid a salary of $131,000 and was employed on a 5-day-
week basis. As part of her compensation package for moving to Brazil, Carmen also received a housing allowance of $27,750.
Carmen's salary was earned ratably over the 12-month period. During 2020 Carmen worked 260 days, 195 of which were in Brazil and
65 of which were in Michigan.
How much of Carmen's total compensation is treated as foreign source income for 2020? (Do not round intermediate calculations.)
Total foreign source compensation
Answers
The amount of Carmen's total compensation treated as foreign source income for 2020 is $118,687.50
How much of Carmen's total compensation is treated as foreign source of incomeTo determine how much of Carmen's total compensation is treated as foreign source income for 2020, we need to calculate the portion of her salary and housing allowance that was earned while she was working in Brazil.
First, we need to calculate the portion of her salary that was earned in Brazil:
Salary earned in Brazil = (195/260) x $131,000 = $97,875
Next, we need to calculate the portion of her housing allowance that was earned in Brazil:
Housing allowance earned in Brazil = (195/260) x $27,750 = $20,812.50
Therefore, the total foreign source compensation for Carmen in 2020 is:
Total foreign source compensation = Salary earned in Brazil + Housing allowance earned in Brazil
= $97,875 + $20,812.50
= $118,687.50
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the graph at right shows the situation after the u.s. removes a tariff on imports of canned tuna.
A. C.
B. A+B+C+D.
C. A.
D. B+C+D.
Which area shows the loss in producer surplus?
A. B+C+D.
B. A+B.
C. A.
D. A+B+C+D.
Which area shows the loss in government tariff revenue?
A. A.
B. C.
C. A+B+C+D.
D. B+C+D.
Which areas show the reduction in deadweight loss?
A. B+C+D.
Answers
The graph that shows the situation when the U.S. removes a tariff on imports of canned tuna shows that the gain in consumer surplus is B. A+B+C+D.
The area which shows the loss of producer surplus is C. A.
The area which shows the loss in government tariff revenue is B. C.
The area showing a reduction in deadweight loss is B+D.
What happens when a tariffs are lifted ?When a tariff is lifted, the price of the good or service usually decreases, which increases consumer surplus. Consumers are able to purchase the same goods and services for a lower price, which results in a larger consumer surplus.
The price of the good or service usually decreases, which decreases producer surplus. Producers receive a lower price for the same goods and services, which results in a smaller producer surplus.
The government no longer receives revenue from that tax. Therefore, government revenue decreases when a tariff is lifted. The market becomes more efficient as the price of the good or service decreases, this leads to a decrease in deadweight loss.
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A___ Relationship would include your co-workers and friends.
Answers
Answer:
A colleague Relationship would include your co-workers and friends.
You agree to lease a car for 5 years at $300 per month. You are not required to pay any money up front or at the end of your agreement. If your opportunity cost of capital is 0.5% per month, what is the cost of the lease?
Answers
To calculate the cost of the lease, we need to consider the opportunity cost of capital over the 5-year period.
Given:
Lease term: 5 years
Monthly lease payment: $300
The opportunity cost of capital: 0.5% per month
First, let's calculate the total amount paid over the lease term:
Total payment = Monthly payment * Number of months
Total payment = $300 * (12 months/year * 5 years)
Total payment = $300 * 60
Total payment = $18,000
To calculate the cost of the lease, we need to determine the present value of the total payment at the opportunity cost of capital rate.
PV = FV / (1 + r)^n
Where:
PV = Present Value (cost of the lease)
FV = Future Value (total payment)
r = Opportunity cost of capital per period
n = Number of periods
Let's plug in the values:
PV = $18,000 / (1 + 0.005)^60
Using a calculator, we find:
PV ≈ $16,719.07
Therefore, the cost of the lease, considering the opportunity cost of capital, is approximately $16,719.07.
it's understood no need to help with this question
Answers
Answer:
im confused lol but okay
Explanation:
The results of inspection of DNA samples taken over the past 10 days are given below. Sample size is 100.
Answers
The upper and lower 3 - sigma chart limits would be 18.32 and 0 respectively.
How to find the upper and lower chart limits ?The 3-sigma control chart is a type of control chart that uses a mean line and control limits that are three standard deviations above and below the mean.
The mean is :
= (7 + 9 + 9 + 11 + 7 + 8 + 1 + 10 + 13 + 2) / 10 = 77 / 10
= 7.7
The standard deviation (σ ) is :
= √ ([0.49 + 1.69 + 1.69 + 10.89 + 0.49 + 0.09 + 44.89 + 5.29 + 28.09 + 32.49] / 10)
= √([125.1] / 10)
= √[12.51]
= 3.54
Upper control limit (UCL) = mean + 3σ = 7.7 + 3 * 3.54
= 18.32
Lower control limit (LCL) = mean - 3σ = 7.7 - 3 * 3.54
= -2.92
The lower control limit cannot be negative because we cannot have a negative number of defective items. So, in practice, set the lower control limit at zero.
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consumer surplus will increase by $270. total surplus will increase by $135. deadweight loss will be $270. producer surplus will stay the same.
Answers
Yes, the producer surplus will remain unchanged in that case.
Consumer surplus is the difference between the maximum price that a consumer is willing to pay for a good or service and the actual price they pay. Producer surplus is the difference between the minimum price that a producer is willing to accept for a good or service and the actual price they receive. Deadweight loss occurs when a market does not reach its equilibrium price and quantity.
In this case, the price of the good is lowered from $400 to $130. At the new price, the consumer surplus increases by $270 ($400 − $130), and the total surplus increases by $135 ($270/2). The deadweight loss is equal to the increase in consumer surplus, which is $270. Since the price of the good remains the same for the producer, the producer surplus remains unchanged.
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Which of the following is an individual factor that influences the level of ethical behavior in an organization?
Answers
Personal values is not an individual factor that influences the level of ethical behavior in an organization
What are ethical behavior?An ethical behavior refers to an application of moral principles in a every situation in any field.
Hence, a personal values is not an individual factor that influences the level of ethical behavior in an organization
In conclusion, the Option B is correct.
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Below is the trial balance for Sugar Almonds Ltd as at 31st December 2020
(i)From this Trial Balance you are to prepare the Income Statement of Profit or Loss and the Statement of Financial Position. (See below for pic)
Answers
Answer:
Net income = $31,130
Total Assets = Owner's Equity and Liabilities = $104,230
Explanation:
The the Income Statement of Profit or Loss and the Statement of Financial Position can be prepared as follows:
Sugar Almonds Ltd
Income Statement of Profit or Loss
For the Year Ended 31st December 2020
Particulars $ $
Sales Revenue 93,700
Cost of sales:
Opening inventory 12,000
Purchases 49,000
Closing inventory - income statement (24,350)
Cost of sales (36,650)
Gross profit 57,050
Operating expenses:
Administrative Expenses (850)
Rent paid (2,000)
Telephone (900)
Wages (21,650)
Travel expenses (330)
Total operating expenses (25,730)
Interest income (expense):
Interest paid (190)
Net income 31,130
Sugar Almonds Ltd
The Statement of Financial Position
As at 31st December 2020
Particulars $ $
Fixed Assets
Premises at cost 70,000
Vehicles at cost 5,800
Total Fixed Assets 75,800
Current Assets
Cash 630
Bank 2,100
Closing inventory - Statmt of fin positn 24,350
Trade Receivables 1,350
Total Current Assets 28,430
Total Assets 104,230
Owner's Equity
Capital 72,000
Drawings (6,450)
Net income 31,130
Total Owner's Equity 96,680
Current Liabilities
Trade Payables 6,400
VAT 1,150
Total Current Liabilities 7,550
Owner's Equity and Liabilities 104,230
What type of information is required on a 1040EZ form? (Select the best answer.)
A. Your gross and net income for the previous year
B. A financial projection for the next year
C. Your bank statements from the previous year
D. A list of each purchase made in the previous year
Answers
Answer:
A. your gross and net income for the previous year.
Explanation:
took the test.
In order to communicate effectively on the job, it is important to do all of the following,
except
adopt an audience-centered approach.
share your personal experiences related to the job.
be sensitive to business etiquette.
minimize distractions.
Answers
Answer:
a
Explanation:
adopt an audience centered approach
Co-Branding involves the collaboration of multiple brands in the marketing of one specific product. An example of Co-Branding is Taco Bell's Nacho Cheese Doritos Locos Tacos. Taco Bell worked with Doritos to market a product that places a spotlight on both brands. Think of two current products that you know of that would fit well together. Determine a brand new Co-Branded product and create a form of marketing for that new Co-Branded item. Your target market is a Young to Middle Age Male or Female (ages 25-50). This can be a brochure, flyer, 15 second video commercial or a social media ad. You will be graded on the following: use two current products for co-branding that are not currently branded together, satisfy the target market requirement, create a slogan or tagline for your new product that is included in the advertisement, overall look and appeal of the final advertisement...does it make me want to purchase your product.
Answers
A 15-second video commercial that opens with middle-aged man and woman jogging in their Nike Running shoes while checking their Fitbit smartwatches for their fitness stats.
What is a video commercial?A video commercial is a short promotional video that advertises a product, service, or brand. Typically lasting anywhere from a few seconds to a few minutes, these commercials are designed to capture the viewer's attention and communicate the key features and benefits of the advertised offering in a memorable way. They can be seen on various platforms such as TV, social media, and websites, and often incorporate a combination of audio, visual, and text elements to convey the message effectively. Video commercials are a popular form of advertising because they allow companies to showcase their products or services in an engaging way that can be easily shared and consumed by a wide audience.
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Which of these situations are more likely to happen in a GOOD economy?
A. Phyllis' Coffee, a new business, isn't able to innovate their
coffee making process because money is tight.
B. Carlos was able to finish a design bootcamp and
interview at many companies until he finds the job he likes
best.
C. Laila is settling for a job that she doesn't want but she
needs the money and there aren't any other options.
D. Thrills Park delays building the new roller coaster until
they can get a bank loan.
Answers
Answer:
I think
B. Carlos was able to finish a design bootcamp and
interview at many companies until he finds the job he likes
best.
QUESTION ONE
Mr. Balham started business on July 1, 2019 with a capital of GH¢16,000 cash.
July 2. Opened a bank account with GH¢8,000
July 2. Bought goods costing GH¢1,000 with cheque
July 3. Purchased Shop Fittings on credit from Jupiter Furniture at GH¢5,000
July 5. Bought motor van by cheque GH¢4,000
July 8. Purchased stationery GH¢150 and goods GH¢5,000 by cash
July 17. Paid insurance GH¢100 by cash
July 18. Cash sales made GH¢2,500
July 20. Sent cash of GH¢2,700 to the bank
July 22. Withdrew GH¢1,000 from the bank for personal use
July 25. Paid motor expenses GH¢300
July 28. Cash sales sent to the bank GH¢5,400
Required: Prepare the ledger accounts of Mr. Balham and extract a trial balance.
Answers
Answer:
a) Ledger Accounts:
1) Capital Account
Debit Credit Balance
Cash GH¢16,000 GH¢16,000
Cash Account
Date Debit Credit Balance
July 1 Capital GH¢16,000 GH¢16,000
July 2 Bank GH¢8,000 GH¢8,000
July 8 Stationery GH¢150 GH¢7,850
July 8 Purchases GH¢5,000 GH¢2,850
July 17 Insurance GH¢100 GH¢2,750
July 18 Sales GH¢2,500 GH¢5,250
July 20 Bank GH¢2,700 GH¢2,550
July 25 Motor Expenses GH¢300 GH¢2,250
3) Bank Account
Date Debit Credit Balance
July 2 Cash GH¢8,000 GH¢8,000
July 2 Purchases GH¢1,000 GH¢7,000
July 5 Motor Van GH¢4,000 GH¢3,000
July 20 Cash GH¢2,700 GH¢5,700
July 22 Drawing GH¢1,000 GH¢4,700
July 28 Sales GH¢5,400 GH¢10,100
4) Purchases Account
Date Debit Credit Balance
July 2 Bank GH¢1,000 GH¢1,000
July 8 Cash GH¢5,000 GH¢6,000
5) Furniture & Fittings Account
Date Debit Credit Balance
July 3 Accounts Payable GH¢5,000 GH¢5,000
6) Accounts Payable
Date Debit Credit Balance
July 3 Furniture & Fittings GH¢5,000 GH¢5,000
7) Motor Van
Date Debit Credit Balance
July 5 Bank GH¢4,000 GH¢4,000
8) Stationery
Date Debit Credit Balance
July 8 Cash GH¢150 GH¢150
9) Insurance
Date Debit Credit Balance
July 17 Cash GH¢100 GH¢100
10) Drawings
Date Debit Credit Balance
July 22 Bank GH¢1,000 GH¢1,000
11) Motor Expenses
Date Debit Credit Balance
July 25 Cash GH¢300 GH¢300
12) Sales Account
Date Debit Credit Balance
July 18 Cash GH¢2,500 GH¢2,500
July 28 Bank GH¢5,400 GH¢7,900
b) Trial Balance as at July 28, 2019:
Debit Credit GH¢ GH¢
Capital 16,000
Cash 2,250
Bank 10,100
Purchases 6,000
Fittings 5,000
Accounts Payable 5,000
Motor Van 4,000
Stationery 150
Insurance 100
Drawings 1,000
Motor Expenses 300
Sales 7,900
Total $28,900 $28,900
Explanation:
a) Ledger Accounts are the financial records of all classes of business transactions, which record the debit and credit sides and extracts balances for preparing the trial balance.
b) Trial Balance is a list of the balances extracted from the ledger. It is a tool for checking if the two sides of the accounts are in balance (equal). It is the basis for adjusting entries and the preparation of the financial statements for a period.
Objectives of pep stores
Answers
Answer:
The answer is below
Explanation:
PEP is a big store that is located in South Africa and other African countries.
Based on the PEP mission and vision and according to the company's website, the Objectives of PEP stores are:
1. To be the friendliest and most trusted retailer for this market.
2. To offer wanted products and services at the lowest possible prices
3. To meet changing consumer needs.
PLEASE ANSWER I REALLY WANT TO GRADUATE
1. What are the differences between a sales tax and a use tax?
A. A sales tax is levied on the purchases of goods while a use tax is levied on the purchases of sevices.
B. A sales tax is collected when a good or service is purchased by a consumer while a use tax is collected when a good or service is purchased by a businesses.
C. A sales tax is on the purchase of goods and services at the point of sale while a use tax is paid on goods and services purchased when sales tax was not paid.
D. A sales tax on goods and services is paid by a region's residents and a use tax is paid by non-residents, both at the point of sale.
2. Compare how Medicare taxes are paid by individuals who are employees to those who are self-employed.
A. Employees pay half (1.45%) of the Medicare tax while the employer pays the other half. Self-employed individuals pay for both halves of the tax (2.9%).
B. Employees do not pay the Medicare tax and the employer pays for both halves of the tax (2.9%). Self-employed individuals pay for both halves of the tax (2.9%).
C. Employees pay half (1.45%) of the Medicare tax while the employer pays the other half. Self-employed individuals pay half (1.45%) of the Medicare tax.
D. Employees pay for both halves of the tax (2.9%) and the employer does not pay the Medicare tax. Self-employed individuals do not pay Medicare tax.
3. Which type of tax describes excise taxes, sales taxes, and tolls?
A. Progressive tax
B. Flat tax
C.regressive tax
D. Use tax
4. Identify all the groups that pay property tax.
A. Landowners, homeowners, and businesses
B. Businesses and individuals
C. Employers and employees
D. Landowners and homeowners
5. How are businesses taxed with the corporate income tax?
A. Businesses pay a progressive tax based on their total expenses.
B. Businesses pay a proportional tax based on their total receipts.
C. Businesses pay a proportional or progressive tax based on their profits.
D. All businesses pay the same amount of tax each year.
Answers
The differences between a sales tax and a use tax are:
A sales tax is on the purchase of goods and services at the point of sale while a use tax is paid on goods and services purchased when sales tax was not paid.What is used tax about?A lot of states uses Consumer Tax states. While Use Tax is known to be the tax that is placed or tax on the storage, use.
Note that used tax are placed on goods that no sales tax has been paid. Use tax is said to be a complementary or compensating tax used in place of sales tax.
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Answer:
LOOK AT EXPLAINATION FIRST !!
There are different types of taxes that really are levied for each institution in a kind of major way. Income corresponds to taxes paid by individuals on their mostly earned money. Property, on the kind of other hand, corresponds to taxes paid by property owners to state and local governments, contrary to popular belief. Corporate taxes definitely are the taxes that companies are required to pay on their earnings over the course of a year, which essentially is fairly significant.
Explanation:
1. C
2. A
3. C
4. A
5. C
Two factors that can cause a person to change their status from *employed" to "not economically active"
Answers
A person's economic status can move from "employed" to "non-economically active" due to two circumstances.
For men, being out of the labor force due to illness or disability has been the main cause. The main motivation for women has been to take care of a family member.The population that is engaged in the economy includes both employed and unemployed people. The population that is "economically active" is referred to as the labor force or labor supply. Those who were working for pay, profit, or family gain at the time of the census are considered employed.
The labor force is a crucial element of economic expansion: Businesses are able to increase production and employment when more people join the workforce.
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Which reasons can be fixed by having a money plan?
Answers
Answer:
The given question relates to budgeting. In simple words, budgeting helps one to set up a saving schedule for thier finances, it means that people still have sufficient funds for the items they need and activities which are valuable to them. The expenditure or savings strategy will either keep you free of trouble or assist you get this out of debt if you're already in debt.
[Total = 25marks]
QUESTION 2
a. Azon and Son Ltd acquired use of plant over three years by way of a lease. Installments of
GhC700,000, are paid six monthly in arrears on 30 June and 31 December. Delivery of the plant
was on 1 January 2010 so the first payments of GhC700,00 was on 30 June 2010. The present
value of minimum lease payments is GhC3,000,000, Interest implicit in the above is 10% per six
months. The plant would normally be expected to last three. Azon and Son is required to insure
the plant and cannot return it to the lessor without severe penalties.
Required
i. Describe whether the above lease should be classified as an operating or finance
1
Answers
A significant portion of the asset's economic life—three years—is covered by the lease period. The minimum lease payment present value is GhC3,000,000, which is essentially the entire leased asset's fair market value.
The equivalent of monthly rent, a lease payment is formally stipulated in a contract between two parties and gives one party the right to use the other party's real estate holdings, manufacturing equipment, computers, software, or other fixed assets for a predetermined period of time.
A lease payment will be shown as a right-of-use asset and lease liability on the balance sheet. The ROU asset is the ownership of the asset under the lease contract, whereas the lease liability period is the payment obligation during the course of the lease contract.
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Many employees are aware of reporting procedures for ethics violations, but what types of managerial behaviors would be worthy of reporting as an ethics violation
Answers
The types of managerial behaviors that would be worthy of reporting as an ethics violations are include:
failure to discharge their corporate responsibilitiesrecording poor attendancedumping tasks on subordinatesapproving over-billing of customersabuse of powers for self-gaindeliberately producing poor quality goods and services.What are ethics violations?Ethics violations involve improper or fraudulent conducts that set aside the company's and society's ethical codes on self-selection basis.
Thus, the above managerial behaviors that totally disregard ethical rules would be worthy of reporting as ethics violations.
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