Robyn owns a music production company Gala Music (Pty) Ltd (“Gala”). The primary function of a music production company is to locate artists and facilitate the recording, manufacturing, and distribution of musical products. Gala entered into an agreement with Buntu Events (Pty) Ltd (“Buntu”). Buntu is a full-service event planning company that provides complete planning, consulting, and supervision for both corporate and social events. In this agreement, Gala will provide performing artists for Buntu’s Durban July party on 2 July 2022, and in exchange Buntu will waive the performers' registration fee of R28 750 (VAT inclusive).
Gala charges R11 500 (VAT inclusive) booking fees (not registration fee) for its artists per event. Gala will provide three performing artists for Buntu’s Durban July party on 2 July 2022. Both companies have 30 June year ends and both are registered vendors in terms of the Value-Added Tax Act, 1991 (Act 89 of 1991), as amended.

With reference to the paragraph “Dr Robyn Miekle”, discuss in terms of the Value-Added Tax Act, 1991 (Act 89 of 1991) and applicable case law, if any, the output tax consequences for Gala Music (Pty) Ltd of entering into the agreement with Buntu Events (Pty) Ltd for the year ended 30 June 2023. For this question, assume that Gala Music (Pty) Ltd had not received nor issued a valid tax invoice.

Answer:

Leads the economy to the wrong mix of output

Explanation:

Market failure is the when there is an inefficient distribution of goods and services in the free market.

One of the types of market failure is externality

Externality is when the production or consumption activities of economic agents have effects on people not involved in the economic activity. Externality can either be positive or negative

A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation  

It would be too costly to launch a competing business To establish Oligopoly in the market.

The entire number of buyers and sellers in the area or region under consideration is referred to as the market.

A market structure known as an oligopoly has a small number of enterprises, none of which can prevent the others from having a large impact.

The market share of the major companies is calculated using the concentration ratio.

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Answer:

Get instant answers, essays, and research papers through proffrank01 at g m ail.con. This helps you score maximum points without straining too much.

3. When facing a conflict between empowering other people and reaching performance goals, I considered the long-term impact of each decision. I prioritized relationships and empowered others to better outcomes in the long run. This required a short-term sacrifice to reach immediate performance goals. I communicated openly and honestly with the team about the situation and worked collaboratively to find a solution that aligns with both performance goals and relationship-building. In the future, I could reflect on the situation and consider how to approach similar conflicts in a more proactive manner.

Explanation:

a) Credit Inventory for $517,800

b) Debit Inventory for $66,800

c) Credit Accounts Receivable (or Trade Receivables) for the same amount

(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:

Debit Accounts Receivable (or Trade Receivables) for $854,200

Credit Sales Revenue for $854,200

Debit Cost of Goods Sold for $517,800

Credit Inventory for $517,800

The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.

(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:

Debit Sales Returns and Allowances for $109,800

Credit Accounts Receivable (or Trade Receivables) for $109,800

Debit Inventory for $66,800

Credit Cost of Goods Sold for $66,800

The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.

(c) The journal entry to record the payment received by Windsor Company on March 12th would be:

Debit Cash (or Bank) for the amount received from Wildhorse Company

Credit Accounts Receivable (or Trade Receivables) for the same amount

The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.

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Answer: 60.36%

Explanation:

Interest = Amount - Principal

= 14320 - 10500

= 3820

Time = 220 days

Rate = Unknown

Interest = PRT/100

3820 = (10500 × R × 220/365)/100

3820 = (10500 × R × 0.6027397)/100

3820 = 6328.7671R/100

Cross multiply

3820 × 100 = 6328.7671R

R = 382000/6328.7671

R = 60.36%

The ordinary interest rate was 60.36%

Answer:

Marketing stimulates a competitive economy, promotes products and services, and targets consumers who are most likely to become purchasers. Higher sales for a company that employs effective marketing strategies translate into expansion, job creation, higher government tax revenue, and eventually, overall growth.

HAVE A GOOD DAY!

Answer: None of the above

Explanation:

The options include:

A. Land degradation and soil erosion

(B) Problem of overgrazing and ecological degradation

(C) Floods

(D) None of the above

Environmental degradation simply refers to the deterioration of the environment whcih occurs when there's depletion of the resources like soil, water and air, pollution and the the destruction of habitats and ecosystems.

It should be noted that environmental degradation consist of land degradation and soil erosion, problem of overgrazing and ecological degradation, floods etc.

Therefore, the correct option is None of the above.

The correct matching of the term and its definitions are:

commute - the distance you travel to and from work

lifestyle - the way a person chooses to live

lifestyle budget - lists the costs of items you choose to spend your money on.

A lifestyle budget is a budgeting approach that concentrates on allocating money toward the choices, needs, and prioritizations of an individual or household.

This type of budget incorporates expenditures such as amusement, dining at restaurants, pastimes, holidays, clothing, as well as other optional acquisitions into the total monetary scheme. By creating a lifestyle budget, individuals can feasibly manage their money and attain their financial aspirations while still cherishing their preferred lifestyle.

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Based on the available terms and the definition in the option, the right matching includes lifestyle budget = lists the costs of items you choose to spend your money on.

The definition is a term that is used to describe the statement of meaning of a term or word, or phrase.

Generally, the term Definitions can be classified into two large categories: intensional definitions which aim to give the sense of a term, and extensional definitions which list the objects that a term defines.

Therefore, in this case, it is concluded that each word or phrase has a specific meaning.

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The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.

1. The US Senate passed the 2022 Defense Authorization Act.

2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.

3. The total amount allocated for the Defense Authorization Act is $768 billion.

4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.

5. The Act represents a 5% increase in the US defense budget when compared to the previous year.

6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.

7. The Act was passed overwhelmingly, indicating strong support from the Senate.

8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.

9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.

10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.

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Answer:

What ghazaryanelen101 Said ↑↑↑↑

Explanation:

Answer:

I agree because it make the group bring out more ideals

sometimes group decision make some people to voice out their problems

group decision help organization and firms to operate in good aims

Here is a categorization of the decisions according to an area in finance :

Wilson, a trader at the New York Stock Exchange, executes the decisions made by investors and takes action based on requests by different buyers and sellers in the market. - capital market

As a technical trader, you will be analyzing investor psychology and making investment decisions based on how investors behave during certain situations - investments

Jacob, the chief executive officer (CEO) of ABC Corp., must make decisions that help achieve the primary goal of the corporation: maximize shareholders' wealth. - corporate finance

Corporate finance is a branch of finance that is concerned with how companies manage their sources of funds, capital structure and make investment decisions.

Jacob is going to make decisions on how to maximise the resources (funds) entrusted to him by shareholders.

Capital market is a market where buyers and sellers come together to buy and sell financial securities.

There are two types of capital markets :

1. Primary market - new issues of stocks and securities are traded in this market.

2. Secondary market -previously issued securities are traded in this market.

Wilson would execute the trades on the capital market.

Investment is an asset purchased that has the potential to increase wealth or income of the purchaser.

For example, the purchase of of securities has the potential to increase the wealth of the holder.

In order to make successful investment decisions, it is important to analyse and understand investor psychology. This would help identify certain bias that an investor might have that would prevent from making optimal investment decisions.

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GREAT ADVENTURES, INC.

For the Year Ended December 31, 2022

Net income                             $36,998

Noncash operating expenses:

Depreciation expense             17,850

Cash flow from operations  $54,848

Adjustments:

Increase/Decrease in working capital:

Accounts receivable             (48,320)

Inventory                                 (7,800)

Other current assets               3,840

Accounts payable                  21,360

Income tax payable                   820

Other current liabilities        23,400

Net cash flow from operating activities      $48,148

Building                        ($824,000)

Equipment                        (26,240)

Net cash flow from investing activities ($850,240)

Note Payable                 ($7,096)

Common Stock             108,000

Paid-in Capital              976,800

Treasury Stock             (114,000)

Cash Dividend               (12,360)            

Net cash flows from financing activities $951,344

Net cash flow                                           $149,252

Cash at the beginning of the period        $61,860

Cash at the end of the period                   $211,112

Net cash flow generated                        $149,252

Note: Noncash Financing and Investing Activities:

Note Payable $580,000

Land $580,000

A cash flow statement or a statement of cash flows summarizes the entity's cash inflows and outflows for the financial year.

The cash flow statement is classified into operating, financing, and investing activities, with a note for noncash activities.

GREAT ADVENTURES, INC.

For the year ended December 31, 2022

Net revenues                             $ 172,710

Expenses:

Cost of goods sold       $ 38,900

Operating expenses       56,280

Depreciation expense     17,850

Interest expense               7,782

Income tax expense       14,900

Total expenses                          135,712

Net income                             $ 36,998

GREAT ADVENTURES, INC.

December 31, 2022, and 2021

                                                                            2022    2021     Increase (I)

                                                                                                or Decrease (D)

Assets Current assets:

Cash                                                                       $211,112 $61,860 $149,252 (I)

Accounts receivable                                             48,320     0        48,320 (I)

Inventory                                                                 7,800      0         7,800 (I)

Other current assets                                                 980     4,820  3,840 (D)

Long-term assets:

Land                                                                   580,000      0      580,000 (I)

Buildings                                                            824,000      0      824,000 (I)

Equipment                                                           70,240     44,000 26,240 (I)

Accumulated depreciation                               (26,050)     (8,200) 17,850 (I)

Total assets                                                 $ 1,716,402 $ 105,200

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable                                            $24,320   $2,960  $21,360 (I)

Interest payable                                                      790         790

Income tax payable                                           14,900     14,080         820 (I)

Other current liabilities                                     23,400     0            23,400 (I)

Notes payable (current and long-term)         603,704   30,800  572,904 (I)

Stockholders’ equity:

Common stock                                                128,000  20,000 108,000 (I)

Paid-in capital                                                 976,800     0        976,800 (I)

Retained earnings                                            58,488   33,850   24,638 (I)

Treasury stock                                                (114,000)    0         (114,000) (I)

Total liabilities and stockholders’ equity  $1,716,402 $ 105,200

Additional Information for 2022:

Note Payable paid = $7,096 ($30,800 + $580,000 - $603,704)

Building $824,000

Equipment $26,240

Common Stock $108,000

Paid-in Capital = $976,800 [$0 + $972,000 + (4,800 x $20 - $19)]

Treasury Stock = $114,000 [$0 + (10,800 - 4,800 x $19)]

Cash Dividend = $12,360

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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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Answer:

$0

Explanation:

George and Weezy will not get any amount as social security benefit if they file married joint. The sum of their modified AGI plus the 50% of their social security benefit is [$5,000 + $8,000 + $15,100]. This equals to $28,100 which is below the minimum amount of social security.

A steam generation system at a biomass-fueled power plant uses an electrostatic precipitator (ESP) to clean its gaseous effluents. the best time to replace the ESP is mathematically given as

EUAC3= 46377.48

Generally, the equation for the EUAC for the yrs of operation  is mathematically given as

For Year 1

EUAC1 = 85000 * (A/P,9%,1) + 25000 - 63000 * (A/F,9%,1)

EUAC1 = 54650

Solving till year 5

EUAC2= 46525.60

EUAC3= 46377.48

EUAC4= 48730.91

EUAC5= 50730.79

In conclusion,  the best time to replace the ESP if the MARR is 15% per year will be at the EUAC3= 46377.48  since EUAC is the lowest at that year.

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Answer:

✔ Set up a system for communicating facts as soon as they are determined so employees hear them first from management and not on the news.

✘ Use a highly emotional tone to communicate how seriously you take the situation and a sense of urgency.

✔ Walk around to be visible and accessible to as many employees as possible so they know you are engaged in crisis management.

✘ In oral and written communications, focus on the damage and loss of life that has occurred, since any note of optimism would be disrespectful.

Answer:

50,000,000 shares. $1.00 per share.

Explanation:

A 2:1 split doubles the shares and halves the value.

       Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.

Answer : 50,000,000 shares. $1.00 per share.

A 2:1 split doubles the shares and halves the value.

         Take a company's net income and deduct preferred dividends to get earnings per share. Subtract that sum from the typical number of outstanding ordinary shares.

         For instance, if you decide to set the par value of your company's shares at $1, all stock buyers are required to pay a minimum of this sum for each share they buy. If you buy 10,000 shares, you must invest at least $10,000 to do so.

      Gains Margins : Day traders experience a wide range of outcomes, which are mostly influenced by the amount of capital they are willing to risk and their money management prowess.  A successful day could result in a gain of 5%, or $500, on a $10,000 trading account.

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Answer:  Decentralisation can be defined as even and systematic distribution of authority at every level of management. Under decentralisation every employee working at different levels gets some share in the authority. Decentralization is a policy matter and managers plan in advance whether to go for centralised or decentralized policy. Sometimes company follows a mixed policy of centralisation and decentralisation. They keep the important matters such as financial decisions, structural decisions with the top level management only and share the common decisions with the people working at different levels as generally an organisation can never be completely centralised or decentralised.

Explanation:

Answer:

Explanation:

the moral principles and values

the right or wrong of business objectives

Answer:

If the company uses FIFO method, the cost of goods sold is lower increasing the gross profit. In this case, income will increase by $680.

Explanation:

Giving the following information:

purchases:

320 units of inventory for $5

420 units for $6

360 units for $7

At the end of the month, 400 units remained.

First, we need to determine the number of units sold:

Units sold= total units - ending inventory

Units sold= 1,100 - 400= 700

Now, we calculate the cost of goods sold using LIFO (last-in, first-out) and FIFO (first-in, first-out)

LIFO:

COGS= 360*7 + 340*6= $4,560

FIFO:

COGS= 320*5 + 380*6= $3,880

Finally, the difference:

Difference= 4,560 - 3,880= $680

If the company uses FIFO method, the cost of goods sold is lower increasing the gross profit. In this case, income will increase by $680.

The following answers are based on a monopoly economy.

A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a scenario in which a certain individual or organization is the exclusive supplier of a given product.

To arrive at answer a, we need to recall that the equilibrium of a monopolist is when the Marginal Cost equals the Marginal Revenue and the Marginal Cost Curve (MC) cuts the Marginal Revenue Curve (MR ) from below.

At this point, the equilibrium output is 100, and the equilibrium price is $ 10 for every unit of production.

For the answer is b, given that the firm is producing 100 units of goods at an average total cost of $7.5 (derived from the point that aligns with MR = MC), therefore,

Total Cost   = Equilibrium Output * ATC (Average Total Cost)

= 7.5 * 100

= $750

To arrive at answer c,
Recall that Economic profit is the difference between the money collected from the sale of a product and the expenses of all inputs utilized, as well as any opportunity costs, is the economic profit or loss.

Hence, Economic Profit = Total Revenue (TR) Less Total Cost (TC)

= $1000 - $ 750

= $250

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The cost of goods sold formula is Starting inventory plus purchases minus ending inventory which is equal to the cost of goods sold. In this case, the cost of goods sold is equal to $32,500.

The cost of goods sold (COGS) is actually the price of manufacturing the products an agency then sells. In the case of physical goods, it usually consists of the cost of current stock plus any associated substances and direct labor prices incurred over the year.

The cost of goods sold formula is:

Starting inventory + purchases − ending inventory = cost of goods sold.

As per the given information,

beginning inventory -  $20,000

purchases - $15,000

ending inventory - $2,500

\(\rm\,Cost \,of\, goods \,sold = \$20,000 + \$15,000 - \$2,500\\\\\rm\,Cost \,of\, goods \,sold = \$32,500\)

hence, the cost of goods sold is equal to $32,500.

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When the job is completed, the costs incurred in the Work in Progress account will be transferred to the Finished Goods account.The following are the monthly journal entries:January 4, 20XX: Sold two ice cream systems to Day Dreamer's Ice Cream and the total amount billed on account is $20,925.00. Cash collected on account was $5,000.00.

To record sales on account:

Debit: Accounts Receivable: $20,925

Credit: Sales Revenue: $20,925

To record cash received on account

:Debit: Cash: $5,000

Credit: Accounts Receivable: $5,000

January 7, 20XX: Job 74 began and the direct and indirect materials are requisitioned and job order costs were incurred.

To record the beginning of the job, the following entry will be made:

Debit: Work in Progress: $5,800

Credit: Direct Materials: $2,250

Credit: Indirect Materials: $350

Credit: Direct Labor: $8,000

January 19, 20XX: Direct materials of $2,800 and indirect materials of $325 were used and direct labor costs were incurred amounting to $7,950.00.

To record the use of direct materials:

Debit: Work in Progress: $2,800

Credit: Direct Materials: $2,800

To record the use of indirect materials:Debit: Work in Progress: $325

Credit: Indirect Materials: $325To record the payroll expenses:

Debit: Work in Progress: $7,950

Credit: Salaries Payable: $6,137.50

Credit: FICA Taxes Payable: $612.50

Credit: Federal Withholding Taxes Payable: $200

Credit: State Withholding Taxes Payable: $1,000

To record the application of overhead:Debit: Work in Progress: $1,987.50

Credit: Manufacturing Overhead: $1,987.50.When the job is completed, the costs incurred in the Work in Progress account will be transferred to the Finished Goods account.

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Answer:

virtual hosting is appropriate

Answer:

1. Explain your pricing structure

2. Focus on the value of your product or service

3. Compare your prices to the competition

4. Offer a discount or free trial

5. Give away free gifts or prizes.

These all sound like great ways to reduce resistance. However, it is always important to be honest and transparent in all marketing and sales messages. If you cannot offer a free trial or discount, then don't.

Explanation:

One way that marketing mix characteristics differ for organizational buying compared to consumer buying is that for organization buying, advertising is often technical in nature is advertising is often technical in nature. Option (A) is correct.

The marketing mix classifies the set of actions, or tactics, which is used by a  company to promote its brand or product in the market. The 7Ps of the marketing mix are product, pricing, place, promotion, physical evidence, people, and processes.

Consumers purchase many commodities to use to satisfy their needs. Organizational buyers buy limited goods to use to conduct business. Unlike the consumer buying process, organizational buying involves decision-making by a group of people and enforcing rules for making decisions.

Therefore, Option (A) is correct.

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Answer:

Machinery

Explanation:

a. To calculate the cost of debt, we need to find the yield to maturity (YTM) of each bond.  We can calculate the YTM of Bond A as 5.4% and the YTM of Bond B as 4%. Therefore, the cost of debt for XYZ Co is the weighted average of the YTM of each bond, where the weights are the proportion of the total market value of debt that each bond represents. Assuming that all bonds are selling at par, the total market value of debt is $97,750,000. Thus, the weight of Bond A is 42,750/97,750 = 0.4376 and the weight of Bond B is 55,000/97,750 = 0.5624. Therefore, the cost of debt is:

Cost of Debt = 0.4376 × 5.4% + 0.5624 × 4% = 4.48%

b. Using the CAPM, we can calculate the cost of equity as:

Cost of Equity = Risk-Free Rate + Beta × (Market Return - Risk-Free Rate)

= 2% + 1.8 × (8% - 2%)

= 13.6%

c. Using the dividend growth model, we can calculate the cost of equity as:

Cost of Equity = (Dividend / Price) + Growth Rate

= ($4 / $95) + 5%

= 9.3%

d. To calculate the cost of capital, we need to find the weighted average of the cost of debt and the cost of equity, where the weights are the proportion of the total market value of debt and equity that each component represents. Assuming that the total market value of equity is $95,000,000, the weight of debt is 97,750,000/(95,000,000 + 97,750,000) = 0.5073 and the weight of equity is 1 - 0.5073 = 0.4927. Therefore, the cost of capital is:

Cost of Capital = 0.5073 × 4.48% + 0.4927 × 13.6% = 9.54%

e. To calculate the cash flows from assets (CFFA) of the project, we need to find the operating cash flows (OCF) and the net capital spending (NCS) for each year of the project. Using the given data, we can calculate the OCF for each year as:

Year 1: OCF = $10,000,000

Year 2: OCF = $12,000,000 (20% increase from year 1)

Year 3: OCF = $14,400,000 (20% increase from year 2)

Year 4: OCF = $17,280,000 (20% increase from year 3)

The net capital spending (NCS) for year 0 is the upfront cost of the project, which is $20,000,000. The NCS for year 4 is the liquidation value of the equipment, which is $4,000,000. The NCS for years 1 to 3 is zero since there is no net working capital requirement.

Calculating the CFFA for each year:

Year 0: CFFA = - $20,000,000

Year 1: CFFA = $10,000,000 - $0 - $20,000,000 = -$10,000,000

Year 2: CFFA = $12,000,000 - $0 = $12

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