Infor Tech (Pty) Limited (“Infor Tech”) is a company in the WIFI industry. One of MTC Namibia’s biggest competitors to date. The company offers a complete Wi-Fi package to the public, including the supply of a Wi-Fi modem and the Wi-Fi antenna. The installation of the antenna and Modem as well as a monthly subscription to Wi-Fi packages is structured as follows: Monthly subscription to Wi-Fi is as below: The buyer is required to enter into a 24-month contract with Infor Tech for the monthly subscription. As an incentive to buy the package, the first 2 months subscription of the contract is offered free, after which a subscription of N$457 per month is charged a month in arrears up to the end of the contract. The contract also specifies the price for the Wi-Fi antenna, modem and the installation fee. The Modem is paid back by the buyer interest free in 24 equal monthly instalments, payable in arrears. The antenna and installation fee are however payable within 30 days, with a 5% settlement discount if the debtor pays on time. All the prices above are inclusive of 15% VAT. Infor Tech also has a number of registered technicians that are able to repair modems free if they break. This is a separate service offered by Infor Tech as and when it is required by the user and does not form part of the package. Assume an interest rate of 10% for the year. Ignore INCOME TAX
REQUIRED: (a) Discuss the correct recognition and measurement of one Wi-Fi package in the 25 accounting records of Infor Tech (Pty) Ltd. Your answer should address the below: Initial recognition Identified performance obligations Determination of the transaction Price Allocation of transaction price to each performance obligation Recognition of revenue at satisfaction of the identified performance obligations (b) Prepare Journal entries of one typical Wi-Fi package in the books of Infor Tech (Pty) Ltd. ​

Adjusting entries are recorded at the end of an accounting period.

Adjusting entries are made on top of an accounting duration to properly account for earnings and fees no longer yet recorded to your well-known ledger and have to be completed previous to remaining the accounting period. Adjustment intervals are additional periods that might be related to everyday durations from the source. An adjustment period refers to any accounting length installation to modify balances previous to the final length of the twelve months.

Adjusting entries are made on the giving up of the accounting duration to record all sales and expenses that have now not been recorded but belong within the modern-day period. They update the stability sheet and profits statement bills at the end of the accounting length. Adjusting magazine access is usually made at the end of an accounting duration to understand earnings or fees within the length that its miles incurred. it's far a result of accrual accounting and follows the matching and sales reputation concepts.

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Answer:

How to Build Strong Customer Relationships

Write killer emails.

Embrace pathological empathy.

Blow away their customer service expectations.

Seek feedback and show you genuinely care.

Be consistent and timely in your interactions.

Establish trust.

Reward loyalty.

Explanation:

Answer:

Communicate

Exceed expectations

Ask for feedback

Connect

Show appreciation

Explanation:

Answer:

firstly; the area to start with. find out more about the place. Their income and the rate at which goods are sold there.

The batteries will be recognized and treated as Fixed cost in the renewable energy industry.

Renewable-energy industry are the industry that generates power from the infinite resources provided by the nature.

Therefore, in conclusion, the correct answer is D.

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Answer: there are no factors other than globalization which influence the economic conditions of a country

Explanation:

Globalization is the movement of goods, services, human beings, technologies, capital etc around the world. Globalization promotes interactions between people in different parts of the world.

Since Donna Bader, whom is a globalization opponent believes that globalization does more harm than good to countries, her conclusion could have been gotten from the assumption that "there are no factors other than globalization which influence the economic conditions of a country".

In this scenario, such economy are only influenced by globalization and in a case whereby there's trade dispute or war between the country and other countries which could impede imports or affect communication or other things which can disrupt globalization to effectively take place, such economy can be affected.

Promotion of scope creep is the result from a generalized scope statement.

Prior to project beginning, it is important to clearly define the project's needs, confirm that all stakeholders agree on these objectives, communicate the risks of scope creep clearly, develop a clear scope creep management plan, and train stakeholders to implement this control plan.

Projects are badly impacted by scope creep in a number of ways, typically because the amount of work grows but not the budget or schedule. It's well known that scope creep makes team members anxious, causes projects to go over budget, and diverts attention from the initial deliverables. Every project manager should be proficient in managing scope creep and making plans for scope modifications.

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Option A is the correct answer. Indirect taxation is the situation where taxes are imposed on products or services and not directly on individuals. Therefore, the example of indirect taxation in the situation given is when stores charge sales tax on each purchase and give that money to the government.

Stores charge sales tax on each purchase and give that money to the government is an example of indirect taxation.Indirect taxation is a method of taxation in which individuals are not taxed directly, but instead, the tax is paid through an intermediary.

The tax is generally imposed on products or services. This tax, which is passed on to the customer as part of the price of the good or service, is then collected by the seller and forwarded to the government.

Sales tax, excise tax, and customs duty are all examples of indirect taxes.

Therefore, Option A is the correct answer.

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The stock symbol for Under Armour is "UAA" on the stock chart.

The stock symbol for Under Armour is "UAA". Stock symbols are unique identifiers used by stock exchanges to represent publicly traded companies.

"UAA" is the ticker symbol used for Under Armour's Class A shares, which are listed and traded on various stock exchanges, including the New York Stock Exchange (NYSE). Investors and traders can use this stock symbol to track the performance of Under Armour's stock in financial markets.

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The difference that project management shows from the management of more traditional activities is that project management has:

Project management is the use of techniques, procedures, skills, knowledge, and expertise to accomplish specific project objectives within agreed-upon constraints. Project management contains final deliverables that must be completed within a specific timeframe and budget.

A significant distinction between project management and 'management of traditional activities' is that project management has an ultimate outcome and a fixed timeframe, whereas management is a continuous activity.

As a result, a project professional must possess a diverse set of talents, including frequently technical abilities, as well as people management abilities and commercial acumen.

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The following components belong in a perfect CRR plan. communication lines that are clear, empathy and understanding, activity that is swift and efficient, Feedback and follow-up Continual development

The Cyber Resilience Assessment (CRR) is an evaluation of an organisation s resilience or cybersecurity measures based on interviews. Your organization will get knowledge of how to handle cyber risk during both regular operations and during periods of stress levels and catastrophe through the CRR.

Your department can use what you already know to reduce hazards in your operational area with the aid of a community reducing risk (CRR) program. CRR employs a wide range of instruments to create a strategy and integrated program aimed at minimizing the occurrence and effects of local risks.

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The average order's gross profit for the ecommerce company is $15. The Option D is correct.

To calculate the average order's gross profit, we will  subtract the total cost of producing and shipping the clothes from the revenue generated by the order.

Revenue generated by the order is $65.

The total cost of producing and shipping the clothes is:

= $35 + $15

= $50.

The gross profit of the average order is:

= $65 - $50

= $15.

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Answer:

hey

Explanation:

Answer:

The evaporation of water is a physical process by which water changes from a liquid state to a gaseous state or water vapor. This process takes place on the surface of the water from a certain temperature and until the space is saturated with steam.

Answer:

A

Explanation:

It is the simplest form of business organization. Proprietorships have no existence apart from the owners. The liabilities associated with the business are the personal liabilities of the owner, and the business terminates upon the proprietor's death.

Answer:

1 4 5 7

Explaination:

Answer:

1 4 5 7

Explanation:

Answer:

A. 600

B. 0

C. 0

D. -1100

E. -1000

Explanation:

For part A you are asked to find the change in GDP with the addition of paying a babysitter $600. The GDP beforehand was the total income from both Vinny and Sandra which is $1200 + $1000 = $2200. For these questions, you are being asked to find a change in GDP which would simply be the addition of $600. Similiary, for part B there is no change in GDP because they do not pay Sandra's mother, so the change in GDP is 0. For part C, since the payments are not reported, there is no change in GDP. Part C can be thought of as a reference to the shadow market and GDP from the shadow market is not recorded. Part D has a negative 1100 because they each go back to work part-time, Vinnie earning $500 per week and Sandra earning $600. The change in GDP would be negative because they are losing 1100 in order to care for a new child. For part E, Vinnie gives up all his income which would normally amount to $1000 per week. The change in GDP is therefore negative.

The change in GDP for each situation will be:

According to the question,

Whenever both work full time and had no child care then the b will be:

= \(1000+1200\)

= \(2200\)

(a)

New GDP,

= \(1000+1200+600\)

= \(2800\)

Change will be:

= \(2800-2200\)

= \(600\)

(b)

→ When mother doing child care isn't part of GDP then,

New GDP,

= \(1000+1200\)

= \(2200\)

Change will be:

= \(2200-2200\)

= \(0\)

(c)

→ Private non-reported transaction isn't a part of GDP then

New GDP,

= \(1000+1200\)

= \(2200\)

Change will be:

= \(2200-2200\)

= \(0\)

(d)

→ Working part time so will earn half of wages then,

New GDP,

= \(500+600\)

= \(1100\)

Change in GDP,

= \(1100-2200\)

= \(-1100\)

(e)

Only Sandra works then,

New GDP,

= \(1200\)

Change in GDP,

= \(1200-2200\)

= \(-1000\)

Thus the above answers are correct.

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Explanation:

The loan-to-value ratio is the amount of the mortgage compared with the value of the property. It is expressed as a percentage. If you get an $80,000 mortgage to buy a $100,000 home, then the loan-to-value is 80%, because you got a loan for 80% of the home's value.

Answer:

Adam needs to start a side business :D

Explanation:

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Answer: Daily, because your money will have more money have interest on it. For example if 5$ is compounded annually and you get 1.3% a year, then you will get 5.013$ at the end of the year. But if it is compounded daily, at the end of the year you will have 5.07$ which is a lot more.

Explanation:

I hope this helped!

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The owner of Smash My PC reports income on their personal taxes and is held personally liable for all debt, lawsuits, and judgments against the business. Smash My PC is Option D. a Sole proprietorship.

Sole proprietorship is the most popular form of business ownership in the United States and is frequently the simplest to start and run. It is a form of business organization in which a single individual owns and operates the company, assumes all financial risk, and is entirely responsible for the company's losses and debts. The proprietor has complete control over the company and makes all decisions, including whether to hire employees or seek outside investment.

The proprietor is responsible for filing income taxes and paying any taxes owed. As a result, a sole proprietorship's earnings are taxed on the owner's individual tax return. There are no formal processes to establish a sole proprietorship. An individual must obtain any necessary licenses and permits and register the company with local and state authorities.

In contrast to other business types, a sole proprietorship can be established without filing documents with the state. Smash My PC is a Sole proprietorship since the owner is the single individual who owns and operates the company, assumes all financial risk, and is entirely responsible for the company's losses and debts. Therefore, the correct option is D.

The question was incomplete, Find the full content below:

The owner of Smash My PC reports income on their personal taxes and is held personally liable for all debt, lawsuits, and judgments against the business. Smash My PC is

A. a C-corp

B. a partnership

C. an S-corp

D. a sole proprietorship

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The income and expense items that is NOT recorded initially directly in equity  is A. The impairment of goodwill in accordance with IAS 36 Impairment of Assets, where the entity is confident that the factors giving rise to the impairment will reverse in a future period.

Equity can be regarded as the ownership interest in property  which can be used in the offset by debts or other liabilities.

It should be noted that there are some of the  income and expense items which is been recorded in this , this can be increase in the fair values of land & buildingsas well as others.

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Based on the information available for Berlin Corporation, the step - by - step income statement would be:

                                        Berlin Corporation.

                                         Income Statement

Sales Revenue                                              $592,000

Less:  Sales Return                                       $40, 000

Net Sales                                                                           $552, 000

Less : Cost of Goods sold                                                ($156, 000)

Gross Profit                                                                         $396, 000

Less Operating expenses:                                                 (186, 000)  

Income from operations                                                    $210, 000

Other Revenue /Gains                                    12, 700

Other Expenses /Losses                                 (13, 300)        ( 600 )

Income before income taxes                                              $209 ,400

Less: Income tax expense                                                    ($62, 820)

Net Income / (Loss)                                                              $146,580

An income statement is the financial document that is used to find the amount of net income or loss that a company made in a certain period of time which is often a year or a quarter.

The main components of a net income statement are the revenue, the cost of goods sold, the gross profit, the operating expenses, and the net income.

To find the net income, subtract cost of goods sold and the operating expenses from the sales revenue.

In this case, you need to find the taxes to Berlin Corporation as well:

= Income before taxes x Income tax rate

= 209, 400 x 30%

= $62, 820

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One consequence of stagflation is that the economy drastically slows down as money loses its buying power.

This is when an economy is experiencing high unemployment, coupled with inflation. Here, there is slow economic growth due to increase in prices of goods and services and high rate of people who do not have jobs.

Hence, one consequence of stagflation is that the economy drastically slows down as money loses its buying power.

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Answer:

Once Han returns to the US, his civilian employer is required to take him back.

Soldiers who are no longer in active duty and return to civil life again, have the right to return to their previous civilian jobs. Serving in the military is a very important task and soldiers should not be economically hurt because they served their country and employers are required to give them back their old job.

Uniformed Services Employment and Reemployment Rights Act (USERRA) is a law established by the US legislation that assures the employment right for engaged and active army staff.

When Han Cho will return home after he retires from running duty he will be hired back by his company.

The military staff who no longer serve in the army can return to their regular life and can take their routine jobs back.

This act preserves the rights of military employees so that they do not suffer from a financial shortage for serving their nation.

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Assume that there are more buyers and sellers than usual. The following will take place:

C. The optimum quantity and price would both rise.

Demand for a commodity rises in direct proportion to the number of customers in a market. The optimum price of the product would rise as a result. Additionally, customers may be more likely to buy now if they anticipate that the product's price will grow in the future, which raises the amount requested. The demand curve is shifted to the right as a result, raising the equilibrium price as well as the equilibrium quantity.

The complete question is:

Suppose that the number of buyers in a market increases and expectations of the price of the good indicate that its price will rise in the future. What would we expect to happen in the market?

A. the equilibrium price would increase but the impact on the amount sold in the market would be ambiguous

B. the equilibrium price would decrease but the impact on the amount sold in the market would be ambiguous

C. both equilibrium price and equilibrium quantity would increase

D. equilibrium quantity would increase but the impact on equilibrium price would be ambiguous

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Answer:

Personal income tax is generally computed as the product of a tax rate times taxable income

Explanation:

Answer:

a personal income tax is a tax imposed on individuals or entities that varies with respective income or profits .

Explanation:

Income that people get from wage or salaries, your social security and other governmental benefits.

Public personnel management is crucial for the effective functioning of public sector organizations. It encompasses the policies, practices, and processes involved in managing the human resources of government agencies at various levels.

The importance of public personnel management can be understood from several perspectives:

1. Efficient Service Delivery: Public personnel management ensures that government agencies have competent and motivated employees who can efficiently deliver public services. By recruiting, selecting, and retaining the right people for the job, personnel management contributes to enhancing the quality and responsiveness of public services.

2. Merit-Based System: Public personnel management promotes a merit-based system where individuals are hired and promoted based on their qualifications, skills, and performance rather than favoritism or nepotism. This helps to build a professional and competent workforce and fosters public trust and confidence in government institutions.

3. Employee Development: Personnel management plays a crucial role in providing training and development opportunities to public sector employees. Continuous learning and skill enhancement programs enable employees to adapt to changing work requirements, improve their performance, and contribute effectively to organizational goals.

4. Fairness and Equity: Effective personnel management ensures fairness and equity in the treatment of employees. It establishes transparent and standardized processes for recruitment, performance evaluation, promotion, and disciplinary actions, reducing the likelihood of discrimination and promoting a culture of fairness and equality.

5. Workforce Planning: Public personnel management involves strategic workforce planning to anticipate and address future human resource needs. By identifying skills gaps, succession planning, and implementing effective recruitment and retention strategies, it ensures that the organization has the right people with the right skills in the right positions.

6. Employee Engagement and Morale: Public personnel management practices, such as performance recognition, rewards, and employee involvement, contribute to higher levels of employee engagement and morale. Engaged employees are more likely to be motivated, committed, and productive, leading to improved organizational performance.

In conclusion, public personnel management is essential for efficient and effective public service delivery, promoting a merit-based system, developing employees, ensuring fairness and equity, strategic workforce planning, and enhancing employee engagement. By focusing on the management of human resources, public sector organizations can achieve their objectives and serve the needs of the public more effectively.

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Answer:

In view of the units of corn and precious stones delivered by the US, the open-door cost of creating corn is B. 10⁄60.

What is the open-door cost of delivering corn?

The open-door cost of delivering corn to the US would be the number of precious stones that are surrendered to make one unit of corn.

This can be found as:

= Units of jewels/Units of corn

= 10/60 jewels

All in all, choice B is right.

Answer:

B) The United States should specialize in corn and trade for diamonds.

Explanation:

I got it right on the test

Answer:

Results are below.

Explanation:

First, we need to calculate the number of processing hours:

Processing hours= (0.25*3,000) + (0.1*6,000) + (0.3*3,500)

Processing hours= 750 + 600 + 1,050

Processing hours= 2,400

Now, we can calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 207,000 / 2,400

Predetermined manufacturing overhead rate=$86.25 per processing hour

To allocate overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Tortilla chips= 86.25*75= 64,687.5

Potato chips= 600*86.25= 51,750

Pretzels= 86.25*1,050= 90,562.5

Finally, the unitary cost:

Tortilla chips= 64,687.5 / 3,000= $21.56

Potato chips= 51,750 / 6,000= $8.63

Pretzels= 90,562.5 / 3,500= $25.88

a) The single plant-wide factory overhead rate = $12.48 ($156,000/12,500) per processing hour

b. The Allocation of Factory Overhead costs are as follows:

                             Processing Hours                  Per Case

Tortilla chips       $37,440 ($12.48 x 3,000)        $3.12 ($12.48 x 0.25)

Potato chips         74,880 ($12.48 x 6,000)          1.25 ($12.48 x 0.10)

Pretzels                43,680 ($12.48 x  3,500)         3.74 ($12.48 x 0.30)

Total                  $156,000 ($12.48 x 12,500)

Data and Calculations:

Factory overhead costs:

Factory depreciation         $33,120

Indirect labor                      82,800

Factory electricity                8,280

Indirect materials               31,800  

Total factory overhead $156,000

Budgeted Volume (Cases) Processing Hours   Per Case

Tortilla chips                             3,000                   0.25

Potato chips                             6,000                    0.10

Pretzels                                    3,500                    0.30

Total                                        12,500

Thus, under generally accepted accounting principles, the overhead allocated to the three products will equal $156,000.

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