Answer:
D
Explanation:
Conspicuous consumption
Conspicuous consumption is the spending of money on and the acquiring of luxury goods and services to publicly display economic power of the income or of the accumulated wealth of the buyer.
Yuri’s motivation behind buying the pricier pair is conspicuous consumption.
What is conspicuous consumption?Conspicuous consumption can be defined as the way in which a person or individual decide to buy luxury items or costly items so as to display or showcase their wealth.
Based on the given scenario Yuri is buying the costly designers jeans instead of the cheaper pair as to showcase his wealth.
Inconclusion Yuri’s motivation behind buying the pricier pair is conspicuous consumption.
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What's the purpose of a credit report?
A. To provide customers with information about the fees associated
with a credit card account
B. To help banks determine if people should be given a loan or credit
card
c. To make it easier for consumers to obtain loans to make major
purchases
D. To enable the IRS to check the accuracy of taxpayers' tax return
forms
To help banks determine if people should be given a loan or credit card: purpose of a credit report. Thus, option B is the correct option.
What is credit report?A credit report is a document that contains details on your credit history, credit use, and other aspects of your credit behavior and circumstances. The majority of individuals have several credit reports. Creditors such as lenders, credit card issuers, and other financial institutions send financial information about you to credit reporting firms, commonly referred to as credit bureaus or consumer reporting agencies, who then collect and store it.
It is not necessary for creditors to report to all credit reporting agencies. These reports are used by lenders to determine whether to lend you money and what interest rates to charge you. Your credit report is also used by lenders to assess whether you will continue to adhere to the conditions of an existing credit account.
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List excel formulas for n 20--, the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer’s pay on (a) November 15 and (b) December 31.
Name and Title Annual Salary OASDI Taxable Earnings OASDI Tax HI Taxable Earnings HI Tax
Hanks,Timothy, President $168,000
Grath, John, VP Finance 144,000
James,Sally, VP Sales 69,600
Kimmel, Joan, VP Mfg. 54,000
Wie, Pam, VP Personnel 51,600
Grant, Mary, VP Secretary 49,200
To calculate FICA taxes to be withheld from each officer's pay, we need to first calculate their semi-monthly salaries and then their OASDI and HI taxable earnings.
Assuming there are 24 pay periods in a year (12 months * 2 pay periods per month).
The semi-monthly salaries for each officer are as follows:
Hanks, Timothy, President: 168,000 / 24 = $7,000
Grath, John, VP Finance: 144,000 / 24 = $6,000
James, Sally, VP Sales: 69,600 / 24 = $2,900
Kimmel, Joan, VP Mfg.: 54,000 / 24 = $2,250
Wie, Pam, VP Personnel: 51,600 / 24 = $2,150
Grant, Mary, VP Secretary: 49,200 / 24 = $2,050
To calculate OASDI taxable earnings, we need to know the wage base limit for the year. For 20--, the wage base limit is $142,800.
The OASDI taxable earnings for each officer are as follows:
Hanks, Timothy, President: Min($7,000, $142,800) = $7,000
Grath, John, VP Finance: Min($6,000, $142,800) = $6,000
James, Sally, VP Sales: Min($2,900, $142,800) = $2,900
Kimmel, Joan, VP Mfg.: Min($2,250, $142,800) = $2,250
Wie, Pam, VP Personnel: Min($2,150, $142,800) = $2,150
Grant, Mary, VP Secretary: Min($2,050, $142,800) = $2,050
To calculate HI taxable earnings, there is no wage base limit. All earnings are subject to HI tax.
The HI taxable earnings for each officer are as follows:
Hanks, Timothy, President: $7,000
Grath, John, VP Finance: $6,000
James, Sally, VP Sales: $2,900
Kimmel, Joan, VP Mfg.: $2,250
Wie, Pam, VP Personnel: $2,150
Grant, Mary, VP Secretary: $2,050
To calculate the FICA taxes to be withheld from each officer's pay, we need to use the following formulas:
OASDI Tax = OASDI Taxable Earnings * 6.2%
HI Tax = HI Taxable Earnings * 1.45%
Using these formulas, the FICA taxes to be withheld from each officer's pay on November 15 and December 31 are as follows:
Name and Title OASDI Tax (November 15) HI Tax (November 15) OASDI Tax (December 31) HI Tax (December 31)
Hanks, Timothy, President $434.00 $101.50 $434.00 $101.50
Grath, John, VP Finance $372.00 $87.00 $372.00 $87.00
James, Sally, VP Sales $179.80 $41.95 $179.80 $41.95
Kimmel, Joan, VP Mfg. $139.50 $32.33 $139.50 $32.33
Wie, Pam, VP Personnel $133.40 $31.03 $133.40 $31.03
Grant, Mary, VP Secretary $127.40 $29.68 $127.40 $29.68
Note that the OASDI tax rate is 6.2% and the HI tax rate is 1.45%, and these rates do not vary with the semi-monthly salaries of the officers.
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You buy a hula hoop at Wal-Mart. Does it Count towards GDP?
If yes, Which component of GDP is it?
If no, why is it not counted?
Answer:
If you buy a hula hoop at Wal-Mart, it would count towards GDP. It would be counted as a part of the consumption component of GDP since it is a final good purchased by a consumer.
GDP stands for Gross Domestic Product, which is the monetary value of all final goods and services produced within a country's borders in a specific time period. The hula hoop is a final good since it is purchased by the end consumer for their own use and is not used as an input in the production of another good. As such, its purchase would contribute to the consumption component of GDP.
However, if the hula hoop is produced and sold in another country, it would not be included in the GDP of the country where it was purchased. Additionally, if the hula hoop is purchased in a second-hand market, it would not be included in GDP since it is not a newly produced good.
Explanation:
gg
If the interviewer does not offer a handshake, you should?
A. Initiate a handshake
B. Act as if you did not notice by searching for your interview documents
C. Sit down Immediately
D. Ask if he or she wants to shake hands
Answer:
D. Ask if he or she wants to shake hands
Explanation:
Because if they don't ask why don't you ask, so they feel good.
the best answer for you will be B
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.
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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Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
Managers want larger budgets; entrepreneurs work to do more with less.
How do entrepreneurs approach resources differently from employee-managers?Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.
This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.
Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.
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"Drag each label to the correct location on the image.
Match the features to the relevant inventory systems.
records purchase of inventory
in the purchase account records purchase of inventory
in the inventory account
inventory account is updated on inventory account is updated every purchase at the end of a time period
inventory is physically counted Perpetual Inventory System
Periodic Inventory System"
Each features should be matched to the relevant inventory systems as follows;
Perpetual Inventory System: records purchase of inventory in the inventory account.Periodic Inventory System: records purchase of inventory in the purchase account records.Perpetual Inventory System: inventory account is updated on every purchase.Periodic Inventory System: inventory account is updated at the end of a time period.Periodic Inventory System: inventory is physically counted.What is an inventory?An inventory can be defined as the raw materials or items that are used by a business firm (manufacturer or producer) for the manufacturing of finished goods, as well as goods that are in various stages to be made ready for sale to consumers.
What is a perpetual inventory system?In Economics, a perpetual inventory system is sometimes referred to as perpetual system of inventory and it can be defined as a method of financial accounting that typically involves updating information about an inventory on a continuous basis (in real-time) as the sales or purchases are being made by customers, especially through the use of enterprise management software applications and a digitized point-of-sale (POS) equipment.
Furthermore, an advantage of the perpetual inventory system (perpetual system of inventory) over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft, etc.
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12.21 Cesar Rego Computers, a Mississippi chain of com- puter hardware and software retail outlets, supplies both edu- cational and commercial customers with memory and storage devices. It currently faces the following ordering decision relating to purchases of very high-density disks: D = 36,000 disks S = +25 H = +0.45 Purchase price = +.85 Discount price = +0.82 Quantity needed to qualify for the discount = 6,000 disks Should the discount be taken
The discount should be taken and the ordering quantity should be 6000 disks.
How to illustrate the discount?EOQ = (2*annual demand*ordering cost/carrying cost per unit per year)^.5
If purchase price = $.85
Then,
EOQ = (2*36000*25/(20%*.85))^.5
EOQ = 3253.96 or 3254 disks
Now,
Total annual cost = product cost + annual ordering cost + annual holding cost
Total annual cost cost = 36000*.85 + (36000/3254)*25 + (3254/2)*(20%*.85)
Total annual cost = $31153.17
If a discount price is used and 6000 units are ordered, then:
EOQ = (2*36000*25/(20%*.82))^.5
EOQ = 3313 units approx. it is still less than 6000.
If 6000 units are ordered to get a discount price of $.82, then:
Total annual cost cost = 36000*.82 + (36000/6000)*25 + (6000/2)*(20%*.82)
Total annual cost cost = $30162
Now, it can be observed that the total annual cost is less with 6000 quantity on order than that of total annual cost at EOQ quantity, due to discounted price.
So, a discount should be taken and the ordering quantity should be 6000 disks.
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Question - 4 (4-2003) An industrial product may be manufactured by two methods of production Using Method X, fixed costs are £5,500,000 per period and variable costs are £535 per unit of product. Using Method Y, fixed costs are £8,260,000 per period and variable costs are £420 per unit of product. (a) Calculate the level of output per period for which the total costs are the same for the two methods of production. Produced by Method X the product has unit costs during a period as follows: Components £275 Labour £180 Production overheads £85 Distribution expenses £120 The figures include variable costs and apportioned fixed costs. (b)Calculate the number of units produced in the period. (c) Compare the total costs of Methods X and Y at the level of output in (b) above.
1. Suppose promoters of xyz music concerts knows that if they charge 400 birr per ticket, 2000 people would buy the tickets for concerts and if charge 200 birr per ticket 4000 people would by tickets over this price range; a. Find price elasticity of demand b. What types of price elasticity of demand "
The type of price elasticity of demand in this scenario is elastic, indicating that a decrease in ticket prices would lead to a relatively larger increase in ticket sales.
a. The price elasticity of demand can be calculated using the following formula:
Price Elasticity of Demand = Percentage Change in Quantity Demanded / Percentage Change in Price
To calculate the percentage change in quantity demanded, we can use the formula:
Percentage Change in Quantity Demanded = (New Quantity Demanded - Initial Quantity Demanded) / Initial Quantity Demanded
Using the given information:
Initial Quantity Demanded = 2000
New Quantity Demanded = 4000
Percentage Change in Quantity Demanded = (4000 - 2000) / 2000 = 100%
To calculate the percentage change in price, we use the same formula:
Percentage Change in Price = (New Price - Initial Price) / Initial Price
Using the given information:
Initial Price = 400 Birr
New Price = 200 Birr
Percentage Change in Price = (200 - 400) / 400 = -50%
Now, we can calculate the price elasticity of demand:
Price Elasticity of Demand = (Percentage Change in Quantity Demanded / Percentage Change in Price) = (100% / -50%)
b. Based on the calculated price elasticity of demand, we can determine the type of elasticity:
Since the price elasticity of demand is greater than 1 (100% / -50% > 1), it indicates that the demand for concert tickets is elastic. This means that the percentage change in quantity demanded is greater than the percentage change in price.
Elastic demand implies that consumers are sensitive to price changes, and a small decrease in price leads to a proportionately larger increase in the quantity demanded. In this case, when the price decreases from 400 Birr to 200 Birr, the quantity demanded increases by 100%.
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The CPI is based on an: Multiple Choice average of the goods and services purchased by "urban consumers." average of the goods and services purchased by "rural consumers." average of the two baskets of goods and services purchased both by "urban" and by "rural" consumers. aggregated average meant to reflect the statistical average consumption.
Answer:
average of the goods and services purchased by "urban consumers."
Explanation:
The US Bureau of Labor Statistics determines the CPI by calculating the weighted average of a basket of goods. More than 24,000 people are interviewed each year in order to elaborate this index, and the sample is taken from the US Census and includes people that live or work in urban areas around the country.
How can the intellectual property be protected?
Answer:
IP is protected in law by, for example, patents, copyright and trademarks, which enable people to earn recognition or financial benefit from what they invent or create.
Explanation:
Which statement is true regarding monopolistic competition?
Answer:
AR>MR
--------------------------------------
WHERE ARE THE OPTIONS.
During its first year of operations, Mack's Plumbing Supply Co. had sales of $620,000, wrote off $9,900 of accounts as uncollectible using the direct write-off method, and reported net income of $68,200. Determine what the net income would have been if the allowance method had been used, and the company estimated that 2% of sales would be uncollectible.
Answer:
$65,700
Explanation:
Calculation to determine Determine what the net income would have been if the allowance method had been used, and the company estimated that 2% of sales would be uncollectible.
Bad debt expense under allowance method = 2% of sales
Bad debt expense under allowance method= 620,000 x 2%
Bad debt expense under allowance method= $12,400
Excess of Bad debt expense under allowance method = Bad debt expense under allowance method - Bad debt expense under direct write off method
Excess of Bad debt expense under allowance method= $12,400 -$9,900
Excess of Bad debt expense under allowance method= $2,500
Net income under allowance method = Net income under direct write off method - Excess of Bad debt expense under allowance method
Net income under allowance method = $68,200 - $2,500
Net income under allowance method =$65,700
Therefore what the net income would have been if the allowance method had been used, and the company estimated that 2% of sales would be uncollectible is $65,700
There are three key types of productivity: technological productivity, managerial
productivity and _____________ productivity. Fill in the blank
Identify the environmental factor that is a characteristic of an an attractive environment.
There are five environmental factor for an attractive environment.
Few CompetitorsLow threatFew substitutesMany suppliersMany customers.Types of Environmental FactorsInternal environmental factors: In the internal business environment there are elements within an organization that influence the approach and success of commercial operations.External environmental factors: The external environment comprises a range of factors outside a commercial enterprise over which we do not have much control.For more information about environmental factors click on https://brainly.com/question/13310446
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Nupur Nagpal, after compleftng her M.B.A. stud es, began to help her father, Shri Bhushan Nagpal, in his business. The business with a limited capital investment, was running successfully. All the workers were happy. Nupur wanted to use the modern business techniques in every area of business, namely, purchase, sale, production, finance, etc. In fact, she wanted to implement the methods, which she had studied in her M.B.A., in her business. As soon as she started interfering in the business with her latest techniques, the workers began to protest against her. Looking at the increasing protest against herself, she became disappointed. Ultimately, she gave up her business and started working in another company. In the business such circumstances were created that even her father could not take any balanced decision. Good Workers began to leave the business. The goodwill of the business in the market went on declining. In no time, the liabilities of business became many times more than his assets. On account of the pressure exerted on him by the creditors, Mr. Nagpal cleared the debts of business by disposing of his domestic properties. Mr. Nagpal could not bear with this situation and owing to his heart failure, he died. Ultimately, the business got closed. (a)To which form of business organization is concerned the above paragraph .
The above paragraph is related to the sole proprietorship form of business organization. A sole proprietorship is a form of business organization owned and run by a single person who is the owner or the proprietor. The owner manages the business on his own and is solely responsible for the business's profits and losses.
A sole proprietorship is usually preferred by small businesses and individuals due to its ease of formation and low startup costs.
As in the given scenario, Mr. Bhushan Nagpal started the business with a limited capital investment. In a sole proprietorship, the owner has the right to make all the decisions relating to the business without any interference from other individuals.In the given paragraph, Nupur Nagpal, after completing her MBA studies, began to help her father in his business.
She wanted to use modern business techniques in every area of business to make the business grow and prosper.
However, the workers protested against her intervention, and the business started to decline.
The goodwill of the business in the market started to decline, and the liabilities of the business became many times more than his assets. On account of the pressure exerted on him by the creditors, Mr. Nagpal cleared the debts of business by disposing of his domestic properties.
Mr. Nagpal could not bear with this situation and owing to his heart failure, he died. Ultimately, the business got closed. Thus, it can be concluded that the given scenario is related to the sole proprietorship form of business organization.
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Match each retail term with the correct definition
Answer:
what retall terms
Explanation:
which of the following accounts is not closed at the end of the year?
Accounts Payable
Depreciation Expense
Income Summary
How is the annual percentage yield (APY) calculated?
Annual percentage yield (APY) refers to the rate of return. It does this via way of means of stating the actual percent of increase on the way to be earned in compound interest assuming that the money is deposited for one year.
What is the formula for Annual percentage yield (APY)?Annual percentage yield (APY) is calculated by the usage of this formula
APY= (1 + r/n )n – 1,
Here, “r” is the said annual interest rate, and “n” is the variety of compounding intervals every year.
APY is referred to as the effective annual rate or EAR.
Therefore, Annual percentage yield (APY) refers to the rate of return. It does this via way of means of stating the actual percent of increase on the way to be earned in compound interest assuming that the money is deposited for one year.
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You are happy to see that today's Productivity results relative to goal are trending positively overall; however, you want to focus on really improving one team over the next four hours of your shift. Based on examining the last three hours, which team should you focus on to most positively impact your area's overall results
Answer:
If I were to choose, I'd go for Team 4.
Explanation:
Team 1 is currently on an upward trend with the fastest improvement in their overall productivity moving from 92% to 103%, an 11.9% growth in 6 hours;Team 2 had a slight recession but by the end of the 6 hour period were almost back where they started at 104%, a 1.9% decline. Given that they are still back on an upward trend, I'd give them little or not energy as their 6-hour performance has been the most consistent overall;Team 3 started their performance at 95% and plummetted from then to about 90%, a regressed performance of about 5.3%Team 4 went from 103% to 91%, an 11.7% decline in performance.So given that team 4 has the potential to revert back to, at the very least the starting performance of 103%, and that they have the highest rate of decline in performance, I'd focus on them to improve the overall performance of teams.
Cheers!
How can problem solving skills assist a grade 12 leaver in the world of work
Answer:
what is a warm front occlusion
if u lose a coin where would u look first
Answer: wherever you had last been
Brainstorm 3 people save money and 3 ways people invest money.
Three ways that people save money and three ways that people invest money include:
Ways to save money:
In savings accounts In savings schemes within the community Money market accountsWays to invest money:
Buying stocks and bonds Investing in Mutual and Hedge Funds Buying propertyHow can we save and invest money?There are several ways of saving money and some of them include putting it into savings accounts and money market accounts in banks. These will earn some interest.
There are also ways of investing money so that you can get a higher return. Some include buying stocks or bonds issued by companies or the government. There is also buying property and earning rent, and investing in mutual funds.
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Can putting an application form for a new job in with the business mail be considered an example of theft or fraud at work?
This stands unprofessional more than theft although technically if the business exists paying for your private postage you stand in theory stealing from your employer.
What is fraud ?
Fraud exists as a deliberate act (or failure to act) to acquire an unauthorized benefit, either for oneself or for the institution, by utilizing deception or false suggestions or suppression of truth or other unethical standards, which exist believed and relied upon by others. The definition of an e-mail exists as a message sent from one computer to another over the Internet, utilizing a set web mail server address.
This stands unprofessional more than theft although technically if the business exists paying for your private postage you stand in theory stealing from your employer. It would also look bad if the organization to whom you had applied for the new job had detected that your envelope had been spent for by your employer and they may question your honesty and innocence as a person.
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Which of the following models of leadership suggests the motivational function of the leader consists of increasing personal payoffs to organizational members for work attainment and reducing barriers in order employees to be more successful?
The path-goal leadership suggests the motivational function of leader consists of increasing personal payoffs to organizational members work attainment and reducing barriers in order employees to more successful.
What is path-goal leadership model?According to the path goal theory of leadership, a leader's characteristics and behaviors may have an immediate impact on the contentment, drive, and output of their team. To put it another way, a leader's effectiveness may be assessed by their capacity to foster the satisfaction, objectives, and skills of their subordinates.
According to the path-goal theory, it is critical for leaders to teach, guide, and assist followers establish and clarify their objectives as well as navigate barriers in their path to achieving those goals.
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Ahmed Company purchases all merchandise on credit. It recently budgeted the following month-end accounts payable balances and merchandise inventory balances. Cash payments on accounts payable during each month are expected to be: May, $1,600,000; June, $1,490,000; July, $1,425,000; and August, $1,495,000.
Accounts Payable Merchandise Inventory
May 31 $150,000 $250,000
June 30 200,000 400,000
July 31 235,000 300,000
August 31 195,000 330,000
Use the available information to compute the budgeted amounts of (1) Merchandise purchases for June, July, and August (2) Cost of goods sold for June, July, and August.
Answer:
Explanation:
The merchandise purchase can be determined by using the formula:
Purchase = Cash payments + Ending Accounts Payable - Beginning Accounts Payable
For June:
Purchase = $(1490000 + 200000 - 150000)
Purchase = $(1690000 - 150000)
Purchase = $1540000
For July:
Purchases: $(1425000+235000 - 200000)
Purchases = $(1660000 - 200000)
Purchases = $1460000
For August:
Purchases: $(1495000 + 195000 - 235000)
Purchases: $(1690000 - 2235000)
Purchases: $1455000
The cost of goods sold = Beginning Inventory + Purchase - Ending inventory
For June:
Cost of goods sold= $(250000 + 1540000 - 400000)
Cost of goods sold= $(1790000 - 400000)
Cost of goods sold = $1390000
For July:
Cost of goods sold = $(400000 + 1460000 - 300000)
Cost of goods sold = $(1860000 - 300000)
Cost of goods sold = $1560000
For August:
Cost of good sold = $(300000+ 1455000 - 330000)
Cost of good sold = $(1755000 - 330000)
Cost ofgood sold = $1425000
Federal debt now stands at $23 trillion USD. You must pay 5% simple interest on the debt at the end of the year ... and the US Congress over-spent by another $500 billion deficit this year! Calculate the anticipated new Federal debt at the end of the year (type a number expressed in trillions of dollars)
Answer:
ion know im dumb
Explanation:
A crab fisherman goes out to sea for weeks at a time catches as many crabs as possible and sells the crabs to larger distributors what field of business activity does this fall under
A crab fisherman goes out to sea for weeks at a time catches as many crabs as possible and sells the crabs to larger distributors .commercial industry field of business activity falls under this category.
Geographically, oceans are smaller than oceans and are usually found where land and ocean meet. Part of the ocean is usually surrounded by land. The sea is located at the edge of the sea and is partially surrounded by land.
The terms "sea" and "ocean" are often confused when talking about the sea. The ocean is usually considered a smaller body of water, partially covered by land. This often marks where the sea and land meet. Oceans generally refer to vast bodies of salty water that cover most of the earth.
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dentify examples of economic systems in the Philippines. Describe how these systems address economic questions.
Answer: The Philippines has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Philippines is a member of the Asia-Pacific Economic Cooperation (APEC) and the Association of Southeast Asian Nations (ASEAN).
Explanation:
There are many different types of economic systems used throughout the world. Some examples are socialism, communism, and capitalism.