First, we calculate Mary's taxable income for the pay period.
Mary's total income tax deduction for the pay period can be calculated as follows:
Annual salary: $46,825.00
Semi-monthly salary: $46,825.00 / 24 = $1,951.04
Car allowance: $70.00
Non-cash taxable benefit for life insurance: $18.00
Total taxable income per pay period: $1,951.04 + $70.00 + $18.00 = $2,039.04
Calculate the income tax deduction:
Apply federal and Alberta TD1 claim codes: 2
Consult the appropriate tax tables to determine the federal and provincial income tax rates based on the taxable income.
Multiply the taxable income by the applicable tax rate to calculate the income tax deduction.
To determine Mary's total income tax deduction for the pay period, we need to calculate her taxable income and then apply the federal and provincial income tax rates.
We take her annual salary and divide it by the number of pay periods in a year (semi-monthly pay means 24 pay periods in a year). Mary's annual salary of $46,825.00 divided by 24 gives us a semi-monthly salary of $1,951.04. We also add her car allowance of $70.00 and the non-cash taxable benefit for life insurance of $18.00 to get a total taxable income of $2,039.04.
Next, we consult the tax tables or use tax calculation software to determine the federal and Alberta income tax rates based on Mary's taxable income and TD1 claim codes. We multiply the taxable income by the applicable tax rate to calculate the income tax deduction.
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calculate the cost (omit commission) of buying the 3,000 shares of apple, incorporated (aapl) at $127.60.
$382,800 is the cost (omit commission) of buying the 3,000 shares of apple, incorporated at $127.60.
Our object is to calculate the cost of buying the 3000 shares of apple at $127.60.
Therefore, the cost of shares is
= 3000×127.60
$382,800
What is cost?
A cost is the worth of money that has been expended to produce something or provide a service and is therefore no longer available for use in production, research, retail, and accounting. In the case of an acquisition cost, the money spent on the acquisition is considered the cost.
What's the basic price?
The amount paid by the consumer to the producer per unit of goods or services produced, less any applicable product taxes and plus any product subsidies. Transport charges are not included in the base price and are charged separately.
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calgary industries is preparing a budgeted income statement. predicted sales for the year are $745,000 and cost of goods sold is 40% of sales. the expected selling expenses are $82,500 and the expected general and administrative expenses are $91,500, which includes $24,500 of depreciation. the company's income tax rate is 30%. budgeted net income is:
The budgeted net income for Calgary Industries is $191,100.
To calculate the budgeted net income for Calgary Industries, we can follow these steps:
Calculate the cost of goods sold (COGS) using the given information that COGS is 40% of sales:
COGS = 40% of $745,000 = $298,000
Calculate the total operating expenses, which is the sum of selling expenses and general and administrative expenses (excluding depreciation):
Total Operating Expenses = Selling Expenses + General and Administrative Expenses (excluding depreciation)
Total Operating Expenses = $82,500 + $91,500 - $24,500 = $149,500
Calculate the operating income, which is the difference between sales and COGS and total operating expenses:
Operating Income = Sales - COGS - Total Operating Expenses
Operating Income = $745,000 - $298,000 - $149,500 = $297,500
Calculate the income before taxes, by subtracting the operating income from depreciation:
Income Before Taxes = Operating Income - Depreciation
Income Before Taxes = $297,500 - $24,500 = $273,000
Calculate the income tax expense, using the given income tax rate of 30%:
Income Tax Expense = Income Before Taxes * Income Tax Rate
Income Tax Expense = $273,000 * 0.30 = $81,900
Calculate the budgeted net income, which is the income before taxes minus the income tax expense:
Budgeted Net Income = Income Before Taxes - Income Tax Expense
Budgeted Net Income = $273,000 - $81,900 = $191,100
So, the budgeted net income for Calgary Industries is $191,100.
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_____ enables employees who lose their jobs or have their hours reduced to a level at which they are no longer eligible to receive medical, dental or optical benefits have the right to pay to continue receiving benefits for themselves and their dependents under the employer's policy.
Answer:
employment and labor law
Assume that electricity production has been done by several regional firms in the U.S. each operating as a pure monopoly.
Explain and graphically illustrate how the electrical monopolist would determine its profit maximizing price and output level. (Label Pm and Qm)
Identify any area of consumer and/or producer surplus for the profit maximizing monopoly.
Identify the deadweight loss for the monopolist.
Now assume the federal government imposes a regulation on the monopoly. Draw a new monopoly graph for part 2.
Show and explain how the regulated electrical monopolist would determine its profit-maximizing price and output level. (Label Pr and Qr)
Identify any area of consumer surplus and/or producer surplus for the profit maximizing monopoly.
Now the federal government decides to deregulate the market for electricity nationwide. Draw a new monopoly graph for part 3.
Show and explain how deregulation will impact price and output in the now perfectly competitive market for electricity production. (Hint: You should use a monopoly graph to show where the perfectly competitor would set price and quantity.) (Label Ppc and Qpc)
Profit Maximizing Monopoly:
As a pure monopoly, the electrical firm has market power, which means it can set its own price and output level. The firm will aim to maximize its profits by producing the quantity of electricity where marginal revenue (MR) equals marginal cost (MC). The price that the firm charges will be determined by the demand curve, which is downward sloping. The profit-maximizing price (Pm) will be higher than the marginal cost (MC) of producing the electricity. The output level (Qm) will be lower than the socially efficient output level, which is where marginal cost equals marginal benefit (MB). This results in a deadweight loss to society, which represents the loss of consumer and producer surplus.
Regulated Monopoly:
If the government regulates the electrical monopoly, it may impose price controls or quantity restrictions that limit the firm's market power. The regulated firm will aim to maximize its profits subject to the regulatory constraints. The profit-maximizing price (Pr) and output level (Qr) will be lower than the unregulated monopoly, but higher than the socially efficient level. This results in a smaller deadweight loss, but still represents a loss to society.
Perfectly Competitive Market:
If the market is deregulated and becomes perfectly competitive, the electrical firms will be price takers, meaning they have no market power. The price will be determined by the intersection of the market demand and supply curves, and the output level will be where the marginal cost equals the market price. The price (Ppc) and output level (Qpc) will be lower than the regulated monopoly and closer to the socially efficient level. There will be no deadweight loss, and the consumer and producer surplus will be maximized.
Profit Maximizing Monopoly:
^
|
Pm | Demand
| Curve
|
|
|
|------------------- MC
| Qm
|
|
Regulated Monopoly:
^
|
Pr | Demand
Regulated Curve
| /
| /
| /
|-----------/--- MC
| Qr
|
Perfectly Competitive Market:
^
|
Ppc | Demand
| Curve
| /
| /
| /
|-----------/--- Supply
| Qpc
|
Jangyoun is a married taxpayer with a dependant 4-year-old daughter. His employer offers a flexible spending account under which he can choose to receive cash or, alternatively, choose from certain fringe benefits. These benefits include health insurance that costs $9,000 and child care that costs $2,600. Assume Jangyoun is in the 28% tax bracket.
A) How much income tax will Jangyoun save if he chooses to participate in the employer's health insurance plan? Assume that he does not have sufficient medical expenses to itemize his deductions.
B) would you recommend that Jangyoun participate in the employer's health insurance plan if his wife's employer already provides comparable health insurance coverage for the family?
C) Would you recommend that Jangyoun participate in the employer-provided child care option if he has the alternative option of claiming a child care credit of $480?
A) If Jangyoun chooses to participate in the employer's health insurance plan, he will save $2,520 ($9,000 x 0.28) in income taxes.
B) Yes, it would still be beneficial for Jangyoun to participate in the employer's health insurance plan, even if his wife's employer already provides comparable health insurance coverage for the family. This is because Jangyoun can still save money on income taxes by participating in the employer's plan, regardless of whether his wife has coverage.
C) It would depend on Jangyoun's individual circumstances. If his child care expenses exceed $2,600, then it would be more beneficial for him to participate in the employer-provided child care option.
However, if his child care expenses are less than $2,600, then claiming the child care credit of $480 would be more beneficial. It is important for Jangyoun to compare the tax savings between the two options and choose the one that maximizes his tax benefits.
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annnual salaries of phamarcists are normally distributed with the middle 93% of phamarcists earning between 86709 and 108791. what is the mean?
To find the mean annual salary of pharmacists, we can use the concept of the normal distribution. Since we know that the middle 93% of pharmacists earn between 86709 and 108791.
We can use the information provided about the middle 93% of pharmacists and the normal distribution. Here's a step-by-step explanation:
1. Recognize that the middle 93% implies that 3.5% of pharmacists earn less than 86,709 and 3.5% earn more than 108,791.
2. Use the z-score formula: z = (X - μ) / σ, where z is the z-score, X is the value, μ is the mean, and σ is the standard deviation.
3. Find the z-scores corresponding to the given percentages (3.5%) using a z-table or calculator. The z-scores are approximately -1.96 and 1.96.
4. Set up the equations: -1.96 = (86,709 - μ) / σ and 1.96 = (108,791 - μ) / σ.
5. Since both z-scores have the same absolute value, the mean (μ) is exactly halfway between the two values: μ = (86,709 + 108,791) / 2.
Calculating the mean, we get:
μ ≈ 97,750
The mean annual salary of pharmacists is approximately $97,750.
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In the United States, total government purchases of goods and services make up about ____________________ percent of all the goods and services the country produces. a. 75 b. 32 c. 12 d. 50
The United States government is responsible for buying c. 12% of all goods and services.
Government spending in the United States comprises about 12% of the total GDP of the United States. The main things the government spends on are:
Defense Social welfare EducationBy buying up these things, the U.S. government is not only helping and protecting Americans, it is helping the economy as well because government spending allows for employment to grow.
In conclusion, 12% of goods and services produced in the U.S. are purchased by the U.S. government.
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which of these is an example of a payroll tax?
a) road usage tax
b) social security tax
c) state sales tax
d) paycheck withholding
Answer:
b) social security tax
Explanation:
Payroll tax is a tax deducted from an employee's paycheck and remitted to the authorities. Payroll tax is a component of deduction that employers make on all salaried employees.
Social security is an example of a payroll tax. It is a mandatory tax imposed by the government. Employees receive their net salaries with the payroll taxes already deducted. In other words, in payroll taxes, the employees do not come into contact with the tax amount.
What is the decimal equivalent for 7/8?
Answer:
0.875 Is the decimal for 7/8 Hope this helps :)
Answer:
the correct answer for the decimal equicalent of 7/8 is 0.875
Explanation:
1/8 is equivalent to 0.125 so .125 x 7 is .875 :)
The prosecutor replies that the Bill of Rights does not protect you from state actions. Is the prosecutor correct? Why or why not
Answer:
I would say no, because the bill of rights refers to ALL Americans. I might be wrong tho.
Fill The Blank? The _____ tells us that for a population with any distribution, the distribution of the sample mean approaches a normal distribution as the sample size increases.
The central limit theorem tells us that for a population with any distribution, the distribution of the sample mean approaches a normal distribution as the sample size increases.
The central limit theorem (CLT) is a statistical theory that describes how the distribution of sample means approximates a normal distribution as the sample size increases, assuming that all samples have the same size, independently drawn from an identical population with a finite standard deviation. It establishes the distribution of sample means to be Gaussian, irrespective of the underlying population distribution. This means that given the sample mean, we can calculate the probability of getting a value in the population.
Population distribution is the manner in which the population of a given geographical area is distributed among different factors. The way population is distributed over various factors such as age, sex, employment status, and occupation, among others, is referred to as population distribution. It is a crucial concept used in various social and economic studies.
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Acme Fasteners keeps efficiency high by making a million of each kind of bolt
at a time. But its customers usually want to buy only 1,000 to 10,000 of a kind
at a time. What service of wholesalers can best help Acme in this situation?
O
A. Buying large quantities and selling in smaller lots needed by
customers
O
B. Transporting fasteners to storage facilities
O
C. Being experts in fasteners and customers who use them
O
D. Keeping fasteners stored without theft or other kinds of loss
Answer:
A. Buying large quantities and selling in smaller lots needed by customers
Explanation:
Wholesalers can best help Acme in this situation by buying large quantities and selling in smaller lots needed. Thus, option A is correct.
Who is the customer?A customer is a client who places a request for a commodity, payments for such a product or service, and then receive it. The person who purchases a good or receives a service is known as a customer. A consumer is essentially the person who pays for the item or service.
In this situation, the wholesaler should buy the quantities in bulk that is being produced by the company and then divide the load into smaller quantity of 1000 unit or 10000 unit so that they can easily sell it to the customer and also benefit from the same and earn a profit from the same. Also, bulk buying can provide them with some offers.
Therefore, option A is the correct option.
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A life insurance policy that contains a guaranteed interest rate with the chance to earn a rate that is higher than the guaranteed rate is called
A guaranteed interest rate is offered by universal life, but there is also a chance to earn an interest rate that is higher.
What kind of interest rate does a universal life insurance policy guarantee?
Currently, most policies provide a minimum interest rate for your insurance, which is a guaranteed interest rate between two and three percent (3%). (worst case scenario). In addition, policies include a current interest rate, which is sometimes a significantly greater crediting rate.
The insurer of universal life insurance ensures a minimum rate of return on your investment by offering a guaranteed minimum interest rate. The interest rate return on the accumulated cash value rises if the insurer makes wise investment decisions.
Therefore, A no-lapse guarantee is provided by many universal life insurance policies.
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Which of the following is not a reason that women have traditionally received less pay for doing the same work as men?
Women have been encouraged to pursue careers in lower paying fields such as teaching and nursing.
Some employers have assumed that women are not as interested in career advancement as men.
Women are not as willing to work as hard or as long as men in order to advance in their careers.
Overall, women have had less education, training, and experience in certain occupations than men.
Answer:
Women are not as willing to work as hard or as long as men in order to advance in their careers.
Explanation:
Is the accounting profession responded in a timely, comprehensive, and effective manner to stakeholders and business current challenges? Explain
Yes the accounting profession is responded in the way that it wwould take care of current business challenges.
What is the accounting profession?This is the profession where financial analysis and other functions such as auditing are carried out.
The institution today is being structured in a way that it would still be able to meet the goals of the times that we are in.
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PLEASE HELP ME! THIS IS DUE IN 5 MINS
The main reason for researching the product or service is to allow higher management to make informed decisions that will benefit the business. This is part of this step of market research.
A. Present the findings
B. Analyze the information
C. Define the problem and research Objectives
D. Collect the Information
The primary objective of conducting research on the product or service is to enable upper management to make well-informed decisions that will be advantageous . C. Identify the issue and set research objectives.
What Is Market Research?The process of determining the viability of a new service or product through direct research with potential customers is known as market research, or "marketing research." A company can learn about its target market and get feedback from customers about their interest in a product or service through market research.
This kind of research can be carried out internally, by the business itself, or by a market research-focused third party. Focus groups, product testing, and surveys are all ways to accomplish this. Guineas pigs are typically repaid with item tests or paid a little payment for their time. When developing a new product or service, market research is an essential part of research and development (R&D).
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If I am to leave a place at 12:00 am and it is 9:35 am now, How long until I leave at twelve?
Which one of the following is not one of the five basic issues in accounting for notes receivable?
1) determining the maturity date, 2) computing interest, 3)recognizing notes receivable, 4) valuing notes receivable, 5) disposing of notes receivable.
3)Recognizing notes receivable is not one of the five basic issues in accounting for notes receivable. The five basic issues are determining the maturity date, computing interest, and recognizing interest revenue.
In order to effectively reflect the value of these assets on a company's balance sheet, the accounting for notes receivable entails numerous fundamental difficulties that must be taken into account. These concerns include figuring out the note's maturity date, calculating the interest due, evaluating the note according to its current value, disposing of the note when it is sold or paid off, and recording interest income as it is accrued. One of the fundamental problems is not recognising the receivables itself because this is normally done when the note is generated and reported on the balance sheet. A business may guarantee that its notes receivable are fairly valued and disclosed to stakeholders by resolving these fundamental challenges.
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What is the perceived demand for a monopolistic competitor?
Downward-sloping is the perceived demand for a monopolistic competitor. A monopolistic competitor faces a demand curve that is not flat but rather slopes downward.
What exactly is a perceived need?
When a company lowers its price, provided that other businesses maintain their current prices, the increase in the quantity of a product that is demanded by the company is depicted on the perceived demand curve.
When there is monopolistic competition, what happens to demand?A monopolistic competitive market has a downward demand curve. This indicates that the quantity demanded for that good rises in tandem with a decrease in price. The shape of the demand curve has a number of important implications for businesses operating in a monopolistic competitive market, despite the fact that this appears to be fairly straightforward.
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Transporting goods by ship is a low-cost mode of transportation can carry a
wide variety of goods but is very slow. Which of the following would be the
best situation to transport the goods to transport by ship?
OA. A T-shirt going from a retailer in California to a consumer in Texas
who wants overnight delivery
B. A batch of T-shirts going from a producer in Montana to a retailer
in Illinois who won't be stocking the merchandise on shelves for
another two months
C. A batch of T-shirts going from a producer in China to a retailer in
California who needs to stock the merchandise on shelves next
week
D. A batch of T-shirts going from a producer in China to a retailer in
California who won't be stocking the merchandise on shelves for
another two months
Answer:
D.
Explanation:
Only one that makes sense
You have data for regions, products, and customers. Which option on a pivot table will you find in the fields list?.
The option on a pivot table is the Analyze option where one can find the Fields list.
Analyse optionA pivot tableIt is a table of grouped values that aggregates the individual items of a more extensive table within one or more discrete categories. This summary might include sums, averages, or other statistics, which the pivot table groups together using a chosen aggregation function applied to the grouped values.
Therefore, the answer is an analyze option.
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tions (Online
Virtual)
Click this link to view O*NET's Wages and Employment section for Construction Managers. According to O*NET,
what is the projected growth for this career between 2019-2029?
average
O much faster than average
o little or no change
o slower than average
Answer: much faster than average
Explanation: Construction managers are the people that are responsible for the coordination and supervision of projects that has to do with construction of building, bridges, road, hospitals etc.
The construction manager is responsible for monitoring finances and ensuring that every firm of hazard is removed from the workplace.
According to O*NET, the projected growth for this career between 2019-2029 would be much faster than average.
Therefore, the correct option is B.
B- Much Faster Than Average
Explanation:Attached is the O*Net conclusion and my Edge answer. Please read the question carefully to make sure that you are answering the right one, this is for Construction Managers
Emily and Steffi work at Education Yours, a nonprofit educational institution. Steffi, newly hired on a temporary teaching assignment, was asked last month by her supervisor to teach an online course. Being new to online teaching, Steffi is considering her efficacy. She talks to Emily and other individuals who have been teaching online for several years. Emily takes pride in her teaching and always approaches her teaching with total enthusiasm. Emily tells Steffi that she believes exerting a high level of effort will result in a successful performance in her online teaching. Which of the following best describes Emily's belief about exerting a high level of effort?
A. Equity
B. Instrumentality
C. Expectancy
D. Emotional cues
E. Valence
Answer: expectancy
Explanation:
The option that describes Emily's belief about exerting a high level of effort is "expectancy".
Expectancy theory, simply suggests that the behavior of people are motivated as a result of the results that they expect.
Therefore, Emily's belief that a high level of effort will result in a successful performance in her online teaching shows that she's motivated based in what she wants to achieve which is what the expectancy theory entails.
If a customer makes a partial payment of $100 on a service for which you have already billed him, you would record this transaction into the accounting equation by:____.
If a customer makes a partial payment of $100 on a service for which you have already billed him, you would record this transaction by increasing cash and decreasing accounts receivable.
The accounting equation is a fundamental accounting concept and a crucial part of the balance sheet. The calculation looks like this:
Assets = Liabilities + Shareholder’s Equity
This equation highlights the balance sheet's structure and lays the groundwork for double-entry accounting, also referred to as double-entry bookkeeping. In a double-entry accounting system, every transaction affects at least two accounts.
The balance sheet's foundation is the accounting equation. The statement of financial position and balance sheet are both financial statements. Assets, Liabilities, and Shareholder's Equity are the three main sections of the balance sheet, along with their various underlying components.
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Answer it please the question is in the pic T_T
Answer:
Economics:
Explanation:
Political Economy or Economics is a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of wellbeing.
i hope this helped you
a clause apportioning the liability and responsibility of the parties in the event of an unforeseeable occurrence, such as a typhoon, tornado, or other disaster
ratification
expropriation
force majeure
In the event of an unforeseeable occurrence, such as a typhoon, tornado, or other disaster, a clause apportioning the liability and responsibility of the parties involved can be included in a contract.
This clause is known as a force majeure clause. The purpose of the clause is to allocate the risk of the unforeseeable occurrence between the parties. It can limit the liability of the parties involved, protecting them from lawsuits or claims that may arise from such an occurrence.
However, it is important to note that the force majeure clause does not relieve the parties from performing their obligations under the contract. Instead, it suspends the obligations until the occurrence is resolved.
In addition, expropriation refers to the government's power to take private property for public use, with just compensation. Ratification, on the other hand, is the act of approving or confirming a previously unauthorized action or agreement.
In conclusion, a force majeure clause can be a crucial element of a contract, protecting the parties from unforeseeable events. However, it is essential to carefully consider the wording and scope of the clause to ensure that it meets the needs of the parties involved. Expropriation and ratification are also important terms to be familiar with when dealing with contracts and agreements.
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Mary is earning a weekly salary of $521.60 as a payroll clerk. She has accepted a new assignment in the tax-processing department. In her new position, she will be paid an annual salary of $30,534.00. How much more would she earn per week in her new position?
Answer:
$65.60
Explanation:
Mary's current is $521.60.
In her new position, she will be earning $30,534.00. Her new weekly income will be as follows. Assuming one year has 52 weeks.
New pay = $30,534.00/ 52
New pay =587.20
In her new job, she will earn more by( $587.20 - $521.60.) =$65.60
=$65.60
Define unethical business practices.
The unethical business practices characterization encompasses anything that falls below minimum measures for the business code of conduct.
What is Unethical business practices?The unethical business practices characterization encompasses anything that falls below minimum measures for the business code of conduct. This includes any behaviors that exist widely received as being morally wrong and lead to the mistreatment of individuals, animals, or the environment.
Among the worst consequences of unethical behavior on business exists that a company is incapable to forge or maintain any long-term relationships with customers. In addition, it becomes powerless to long and expensive litigations.
Being disrespectful, discourteous, rude, suggesting partial facts, and hiding facts about the organization's products and services would constitute unethical conduct and eventually, a customer would sever relations with the company and let others understand the restorative meted out to them.
Common Unethical Business Practices
Incorrect Product ClaimsHidden Phrases in User AgreementsUnethical AccountingPoor Working ConditionsSexual HarassmentDefamationTrade Secret Misappropriation BriberyTo learn more about Unethical business practices refer to:
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A facility that rents space specifically to new businesses or to people wishing to start a business is called a:
Answer:
Business incubator.
Explanation:
Which of the following has the largest impact on opportunity cost?
consumer wants
tight deadlines
consumer needs
limited resources
Answer: Limited resources
Explanation: Limited resources means there is less resources available to the consumers. Scarce resources causes firms to make a choice resulting in opportunity cost. If the consumers money and attention is limited then they must make trade offs.
Answer:
Limited Resources :)
Explanation:
Just took the test.
Note:
You can do it!