Ralph's total Income is $ 62,160.02 as he works as a music teacher on weekends.
What do you mean by total income?Gross income sometimes referred to as gross pay on a paycheck is the total of a person's earnings before taxes or other deductions. This covers earnings from all sources, not only work, and is not restricted to earnings in cash; it also covers earnings from the receipt of goods or services.
For businesses, the terms gross income, gross margin, and gross profit are equivalent. On the income statement, a company's gross income is calculated as total revenue less cost of goods sold (COGS)Lenders and landlords evaluate a person's gross income to assess his or her suitability as a borrower or tenant.
To calculate the overall revenue, we must sum all of the salary, interest, dividends, and royalties.
Teaching Pay = $43, 871.82
Salary from the music job: $15,873.00
Interest = $863.90
Dividends =$357.70.
Royalties = $1,200.60
Total Income=62,160.02 dollars
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Answer:
The correct answer is $62,157.
Nia is editing a row in an Access table. The row contains the Pencil icon on the left end of the record. What does
this icon indicate?
O The record is committed.
O The record has not been witten.
The record has been written.
O Nia is editing the record currently.
Answer:
Nina is editing the record recently.
Explanation:
It should be this one.
which of the following statements is true regarding independent contractors? which of the following statements is true regarding independent contractors? using an independent contractor increases the employer's exposure to laws and regulations governing the employment relationship. using an independent contractor substantially increases the right of the employer to control the contractor. using an independent contractor frees an employer from the tax withholding and tax payment obligations it has for its employees. an independent contractor is a legal employee of the company which hired him/her.
The true statement regarding independent contractors is c. using an independent contractor frees an employer from the tax withholding and tax payment obligations it has for its employees.
Employers who use independent contractors are relieved of their need to withhold and pay employee taxes. Regarding independent contractors, this is accurate. An independent contractor is regarded as self-employed and is in charge of paying their own taxes, including Social Security and Medicare taxes, when an employer hires them. As they would for a normal employee, the employer is not required to withhold or pay employment taxes on behalf of the independent contractor.
The other claims made about independent contractors are untrue. Utilizing an independent contractor doesn't expose the employer to more of the rules and laws that regulate the employment relationship; in fact, independent contractors are frequently exempt from legislation like minimum wage and overtime requirements. Because independent contractors frequently have more freedom and authority over their work than normal workers, using them does not significantly boost the employer's ability to manage the contractor.
Complete Question:
which of the following statements is true regarding independent contractors?
a. using an independent contractor increases the employer's exposure to laws and regulations governing the employment relationship.
b. using an independent contractor substantially increases the right of the employer to control the contractor.
c. using an independent contractor frees an employer from the tax withholding and tax payment obligations it has for its employees.
d. an independent contractor is a legal employee of the company which hired him/her.
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stephanie has been driving for 4 years without any major auto accidents until today
Six years ago, Hendershot Stables paid $84,000 in cash for equipment. Last year, the company spent $7,600 on equipment upgrades. The company no longer uses this equipment and has received a cash offer of $39,600 from a buyer. The current book value of the equipment, including all updates, is $32,200. If the company decides to keep the equipment and use it for a new project, what value, if any, should the company assign to the equipment
The value that should be assigned by the company to the equipment is $39,600.
What is opportunity cost?Opportunity cost can be described as the potential benefits that is missed out on by a company when it chooses one option over another.
As the company is thinking of using the equipment for a new project, this implies that the opportunity cost of the equipment for the project will be $39,600 offered by a buyer.
Therefore, the value that should be assigned by the company to the equipment is $39,600.
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companies in what type of industry may use a standard cost system for cost control? mass production industry service
Companies in the mass production industry may use a standard cost system for cost control.
A standard cost system is used to compare the actual costs of production with predetermined costs, allowing for efficient cost control and identification of variances. This system is particularly beneficial for mass production industries as they deal with large quantities of identical products, making it easier to set standard costs and monitor performance. Service industries may not find the standard cost system as effective due to the variability and customization in their offerings.
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Luis has a biweekly gross pay of $770 and claims 2 federal withholding allowances. Luis has all of the following deductions from his gross pay:
federal tax from the following table
A 9-column table with 7 rows is shown. Column 1 is labeled If the wages are at least with entries 720, 740, 760, 780, 800, 820, 840. Column 2 is labeled But less than with entries 740, 760, 780, 800, 820, 840, 860. Column 3 is labeled And the number of withholding allowances is 0, the amount of income tax withheld is, with entries 80, 83, 86, 89, 92, 95, 98. Column 4 is labeled And the number of withholding allowances is 1, the amount of income tax withheld is, with entries 62, 65, 68, 71, 74, 77, 80. Column 5 is labeled And the number of withholding allowances is 2, the amount of income tax withheld is, with entries 44, 47, 50, 53, 56, 59, 62. Column 6 is labeled And the number of withholding allowances is 3, the amount of income tax withheld is, with entries 26, 28, 31, 34, 37, 40, 43. Column 7 is labeled And the number of withholding allowances is 4, the amount of income tax withheld is, with entries 14, 16, 18, 20, 22, 24, 26. Column 8 is labeled And the number of withholding allowances is 5, the amount of income tax withheld is, with entries 1, 3, 5, 7, 9, 11, 13. Column 9 is labeled And the number of withholding allowances is 6, the amount of income tax withheld is, with entries 0, 0, 0, 0, 0, 0, 1.
Social Security tax that is 6.2% of his gross pay
Medicare tax that is 1.45% of his gross pay
state tax that is 19% of his federal tax
Determine how Luis’ net pay will be affected if he increases his federal withholding allowances from 2 to 3.
a.
His net pay will decrease by $19.00.
b.
His net pay will increase by $19.00.
c.
His net pay will decrease by $22.61.
d.
His net pay will increase by $22.61.
ANSWER:
His net pay will increase by $22.61.
Explanation:
Im pretty sure this is right.
Answer:
D 22.61 increase
Explanation:
a company purchased $10,000 of merchandise on june 15 with terms of 3/10, n/45, and fob shipping point. on june 20, it returned $800 of that merchandise. the shipping charges for the purchase totaled $500. on june 24, it paid the balance owed for the merchandise taking any discount it is entitled to. the cash paid on june 24 equals:
A company purchased $10,000 of merchandise on June 15 with terms of 3/10, n/45. On June 24, the company should pay $9,424
The purchasing term 3/10, n/45, means: if the buyer makes payment within 10 days, it will be eligible for 3% discount, otherwise the buyer should pay the net amount within 45 days from the invoice date.
Data from the problem:
June 15 : Make a purchase $10,000
June 20: - return $800
June 24 : pay the invoice
Since the payment made in 9 days, the 3% discount applied.
Net purchase before discount = 10,000 - 800 = 9,200
Discount = 3% x 9,200 = 276
Net purchase after discount = 9,200 - 276 = 8,924
Hence, the on June 24, the buyer should pay:
8,924 + 500 (shipping cost) = 9,424
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When a company allocates the use of specific resources throughout the firm based on a financial plan indicating management's expectations, then the company is using a(n) as the basis for making decisions.
Allocation is the use of specific resources throughout the firm based on a financial plan indicating management's expectations and for making such allocation a company uses the budget as the basis for making decisions.
What is the meaning of the term "budget"?An economic plan for a described period, regularly one year is referred to as a budget. It might include deliberate income volumes and revenues, aid quantities, expenses and expenses, assets, liabilities, and cash flows.
Budgets are mainly prepared by a company to keep a track of the budgetary goals to be achieved by the organization and take preventive action if there are any variances.
Hence, When a company allocates the use of specific resources throughout the firm based on a financial plan indicating management's expectations, then the company is using the budget as the basis for making decisions.
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the redwood company determined that its balance in its accounts receivable account represented 23% of total assets and that cost of goods sold represented 38% of total revenue. these findings are the result of
Considering the situation described above, these findings are the result of "Vertical Analysis."
This is because Vertical Analysis is a form of analysis conducted in a business firm to express their financial statements.
It is written or described in percentages or proportional calculation.
In vertical analysis, the items on the documents are represented as a percentage of another item, such as accounts receivable account represented 23% of total assets and that cost of goods sold represented 38% of total revenue.
Hence, in this case, it is concluded that the correct answer is "Vertical Analysis."
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demand is forecast for the next five months as 200, 300, 500, 300, 200. the production planner decides to adopt a chase strategy, so over the next five months they should produce group of answer choices
Based on the information provided, since the production planner has decided to adopt a chase strategy, they should produce the exact amount of goods needed to meet the forecasted demand for each of the next five months.
Therefore, the production plan should be as follows: 200 units in the first month, 300 units in the second month, 500 units in the third month, 300 units in the fourth month, and 200 units in the fifth month. This will ensure that the company is producing just enough to meet the demand without any excess inventory or shortages.
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difference between associative and commutative property
Answer:
The associative property of addition states that you can group the addends in different ways without changing the outcome. The commutative property of addition states that you can reorder the addends without changing the outcome.
Explanation:
Tonya lives in Texas. On a trip to Kansas her car broke down in Oklahoma. She used a gas station bathroom but did not buy gas. When she got to Kansas she refueled her vehicle and attended her conference where she ate food and purchased a trinket. She paid a sales tax on the trinket. On her way back she detoured to Colorado and marveled at the beauty of the bighorn sheep and the North American river otter. In which states was Tonya a free rider?
Answer:
Oklahoma (used a gas station bathroom but didn't by gas)
Explanation:
A free rider is someone that benefits from using a service or a product but that doesn't pay for it. E.g. a person that lives in city A and travels to city B and uses public parks. The parks are financed through taxes paid by residents of city B, since you pay your taxes in city A, you are a free rider in city B.
Her trip to Colorado wouldn't be considered a free ride since the bighorn sheep and the river are things that occur naturally and no one paid to make them.
We have this project in my business class, we have to come up with a store/business. I choose a candy store but I can’t think of any fine names. Can someone help me come with a name please?
Answer:
Candy Crush
Explanation:
Its catchy
Answer:
The Sweete Shoppe
The Lolly Pop
50 Shades of Candy
Explanation:
Claire Corporation is planning to issue bonds with a face value of $ 100,000 and a coupon rate of 8 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30 , and December 31. All of the bonds were sold on January 1 of this year. Claire uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 12 percent.
Required:
(a) Provide the journal entry to record the issuance of the bonds.
The coupon rate, maturity date, and interest payment schedule provided in the question are not relevant to recording the issuance of the bonds. The journal entry only focuses on the initial transaction of selling the bonds and does not consider subsequent interest payments or amortization of the discount account.
To record the issuance of the bonds, the following journal entry needs to be made:
January 1, [Year]:
Dr. Cash [for the total amount received from selling the bonds]
Cr. Bonds Payable [for the face value of the bonds]
Explanation:
- The debit to the Cash account represents the amount received by Claire Corporation from selling the bonds, which is the face value of $100,000.
- The credit to the Bonds Payable account represents the liability created by issuing the bonds with a face value of $100,000.
It is important to note that the coupon rate, maturity date, and interest payment schedule provided in the question are not relevant to recording the issuance of the bonds. The journal entry only focuses on the initial transaction of selling the bonds and does not consider subsequent interest payments or amortization of the discount account.
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If the price of a car is $3,500 with a 6% tax, and the percent of the down payment is 10%, what is the total amount of money you'll need to pay for the car? (total loan)
Based on the price of the car and the percent down payment, the total amount of money that you'll need to pay for the car is $560
What amount would you pay?The down payment on the car is:
= 3,500 x 10%
= $350
The tax on the car is:
= 3,500 x 6%
= $210
The total amount you'll need to pay for the car is:
= 350 + 210
= $560
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What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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if you are starting a new company and need employees to do a variety of things while you make most of the decisions yourself, you would use a________ organizational structure.
If you are starting a new company and need employees to do a variety of things while you make most of the decisions yourself, you would use a hierarchical or top-down organizational structure.
What do you understand by organizational structure?This type of structure is characterized by a clear chain of command, with decision-making authority concentrated at the top of the organization and lower-level employees following instructions from their superiors.
In this type of structure, communication flows downward from the top to the bottom, and employees are typically grouped into functional departments or teams based on their areas of expertise.
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FILL IN THE BLANK. __________ is/are an example of a product assortment and services decision.
Product assortment and services decisions refer to the process of determining which products or services to offer to customers. An example of a product assortment and services decision is the selection of a product mix.
The range of products that a company offers to customers. This decision involves determining which products to offer, how many variations of each product to carry, and how to position those products within the marketplace.
For example, a retail store may decide to carry a range of product categories, such as clothing, electronics, and home goods. Within each category, the store may offer different brands, styles, and price points to cater to different customer preferences. The store may also offer additional services, such as alterations or installation, to enhance the customer experience and differentiate itself from competitors.
In conclusion, product assortment and services decisions are critical for businesses as they determine which products and services to offer to customers. The decision-making process involves considerations such as product mix, brand selection, and service offerings, and ultimately influences the company's competitive positioning within the marketplace.
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At what age can you start working?
Answer:
Explanation:
depends on where you live
Explanation:
It really depends on the jobs and requirements but you can USUALLY do small work like walking a dog or babysitting at 13-14
Which of the following would NOT be included as a direct cost when completing a cost estimate for a building project?
A) Labor
B) Material
C) Subcontracts
D) Contingency
D) Contingency would NOT be included as a direct cost when completing a cost estimate for a building project.
Direct costs are expenses that can be directly attributed to a specific project or activity and are typically the largest portion of a project's budget. Examples of direct costs for a building project include labor costs, material costs, equipment costs, and subcontractor costs.
Contingency, on the other hand, is a type of reserve that is set aside to cover unforeseen events or expenses that may arise during the project. It is not a direct cost that can be directly attributed to a specific activity or resource, but rather a cushion that is built into the budget to help mitigate risk and uncertainty.
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businesses are required to follow laws and regulations, but they ___ follow ethical standards in a code of ethics
Answer:
businesses are required to follow laws and regulations, but they choose to follow ethical standards in a code of ethics
Answer:
Explanation:
they choose to
After asking coworkers to review a project plan, you receive feedback. Your coworker thinks there is a better way to display the data in the business report.You should add a
title
reference
abstract
table
Answer:
table
Explanation:
Select three ratios that are equivalent to 7:67:67, colon, 6. Choose 3 answers: Choose 3 answers: (Choice A) A 12:1412:1412, colon, 14 (Choice B) B 21:1821:1821, colon, 18 (Choice C) C 42:3642:3642, colon, 36 (Choice D) D 63:5463:5463, colon, 54 (Choice E) E 84:6284:62
Answer: B C D are the answers, your welcme! :)
Explanation:
What does qualitative research and quantitative research means?
Answer:
Quantitative research is expressed in numbers and graphs. It is used to test or confirm theories and assumptions. This type of research can be used to establish generalizable facts about a topic.
Common quantitative methods include experiments, observations recorded as numbers, and surveys with closed-ended questions.
Qualitative research
Qualitative research is expressed in words. It is used to understand concepts, thoughts or experiences. This type of research enables you to gather in-depth insights on topics that are not well understood.
Common qualitative methods include interviews with open-ended questions, observations described in words, and literature reviews that explore concepts and theories.
Answer:
Qualitative research involves collecting and analyzing non-numerical data (e.g., text, video, or audio) to understand concepts, opinions, or experiences. It can be used to gather in-depth insights into a problem or generate new ideas for research.
Quantitative research is a research strategy that focuses on quantifying the collection and analysis of data.
If interest for 6 months at a rate of 8 equals $200 what is the principal amount of the loan?
The principal amount of the loan is $5000.
The formula to be used for calculation of principal amount of the loan is as follows -
\(S.I. = \frac{P*R*T}{100}\)
In the above mentioned formula, S.I. refers to simple interest, P refers to principal amount, R refers to rate of interest and T refers to Time period. We are provided with all the values as follows -
Time period - 6 months
Rate of interest - 8%
Interest - $200
In the given information, assuming the rate is 8% per annum. So, firstly converting time into years followed by calculation of principal amount.
As we know, 12 months = 1 year
So, 6 months = \(\frac{1*6}{12}\)
6 months = \(\frac{1}{2}\) years
Now, keep the values in formula to find the value of principal amount of the loan.
\(P = \frac{I*100}{R*T}\)
\(P = \frac{200*100}{\frac{1}{2} *8}\)
\(P = \frac{2*200*100}{8}\)
Performing multiplication and division
\(P = 5000\)
Hence, the principal amount of loan is $5000.
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2. What does AOC stand for?
d. Area of Concentration
c. Area of Careers
b. Awareness of Careers
na Awareness of College
Answer:
The answer is D. Area of Concentration
Explanation:
Area of concentration (AOC) must be listed along with a skill identifier (if applicable) and listed as the primary specialty.
Six jobs are to be processed through a two-step
operation. The first operation involves sanding, and the second
involves painting. Processing times are as follows:
�
Answer:
I apologize, but it seems that the processing times for the six jobs have not been provided. Can you please provide me with the necessary information so I can assist you better? Thank you.
According to the Myers-Briggs Type Indicator, we make decisions by either thinking or
a. feeling
b. judging
C. perceiving
d. sensing
Answer:
A.
Explanation:
The Myers-Briggs Type Indicator is a type of self-report questionnaire created by a mother-daughter duo, Isabel Myers and Katherine Briggs. The purpose of this inventory was to make people aware of their personality types and understand the personality types classified by Carl Jung.
According to this inventory, Myers and Briggs suggested that people makes decisions either based on the information gathered and are practical while others make decisions based on feelings or emotions.
So, the correct answer is option A, feeling.
Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy
Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.
Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:
Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:
What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?
1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.
Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.
2. The real return on my investment in Amazon.com Inc was a net loss of 7.12% or $667.60.
3. The company I selected to buy its stock three years ago was Amazon.com Inc.
4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.
5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.
6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.
What is the stock investment?Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.
The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).
Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)
Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)
Tax (10%) = $1,024.40 ($10,244 x 10%)
Inflation (3%) = $307.32 ($10,244 x 3%)
Administration fee on sales (2%) = $204.88 ($10,244 x 2%)
Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)
Loss on returns = $667.60 ($8,707.40 - $9,375)
Loss percentage = 7.12% ($667.60/$9,375 x 100)
Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.
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When the first place team visits another team's stadium for a game, prices for seats to that game rise. This is called
evenue pricing
argin pricing
eld management pricing
namic pricing
When the first-place team visits another team's stadium for a game, prices for seats to that game rise. This is called yield management pricing.
What do you mean by a price?Price refers to the money that needs to be paid for acquiring any product or service.
When different seats are priced differently, it is known as yield management pricing. In simple words, it is a variable pricing strategy that is based on understanding, anticipating, and influencing consumer behavior for profit maximization.
So, when the first place team visits another team's stadium, prices for seats to that game rise is known as yield management pricing.
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