Roquan, a single taxpayer, is an attorney and practices as a sole proprietor. This year, Roquan had net business income of $90,000 from his law practice (net of the associated for AGI self-employment tax deduction). Assume that Roquan pays $40,000 in wages to his employees, has $10,000 of property (unadjusted basis of equipment he purchased last year), and has no capital gains or qualified dividends. His taxable income before the deduction for qualified business income is $100,000. (Leave no answer blank. Enter zero if applicable.) Required: Calculate Roquan’s deduction for qualified business income. Assume the same facts provided above, except Roquan’s taxable income before the deduction for qualified business income is $300,000.
Answers
Answer:
a) Calculate Roquan’s deduction for qualified business income.
qualified business deduction:
20% of qualified business income AND less than 20% of total incomeSince Roquan is a single filer, his AGI cannot exceed $213,300.Roquan's QBI deduction = 20% x QBI = 20% x $90,000 = $18,000
b) Since Roquan's income is higher than $213,300, then he is not allowed any QBI deduction.
Related Questions
For each statement about Direct Competition and Indirect Competition,
choose True or False.
Indirect Competition is a
business whose services are
different from yours but
satisfy the same need.
All Companies that sell
goods and services are
Indirect Competitors.
When your target audience
buys products from a
competitor instead from
you, that is Indirect
Competition.
Direct Competition is a
company that offers
the same thing you
offer.
1. True
2. False
Answers
Answer:
Explanation:
1) Indirect Competition is a business whose services are different from yours but satisfy the same need.
True
2) All Companies that sell goods and services are Indirect Competitors.
False
3) When your target audience buys products from a competitor instead from you, that is Indirect Competition.
False
4) Direct Competition is a company that offers the same thing you offer.
True
what is the purpose of the accounting debit and credit system
Answers
Explanation:
to make sure that both are balanced
CENGAGE MINDTAP
Homework (Ch 30)
Back to Assignment
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4. Velocity and the quantity equation
Consider a simple economy that produces only air fryers. The following table contains information on the economy's money supply, velocity of money,
price level, and output. For example, in 2019, the money supply was $400, the price of a air fryer was $12.50, and the economy produced 800 air
fryers.
Year
2019
2020
Do No Harm/2
Fill in the missing values in the following table, selecting the answers closest to the values.you calculate.
Quantity of Money
(Dollars)
Quantity of Output
(Air fryers)
400
800
800
408
Velocity of Money
The money supply grew at a rate of
money
2019 to 2020 was
25
Price Level
(Dollars)
12.50
Nominal GDP
(Dollars)
from 2019 to 2020. Since air fryer output did not change from 2019 to 2020 and the velocity of
the change in the money supply was reflected
in changes in the price level. The inflation rate from
Answers
Answer:
Growth of money supply is calculated as follows:
Money supply growth= M 2011− M 2010 M 2010×100 Money supply
growth=336−320320×100%
The inflation rate from 2010 to 2011 is calculated as: Inflation rate=
P 2011− P 2010 P 2010×100 Inflation Rate=8.4−88×100=5%
The money supply grew at a rate of 5% from 2010 to 2011. Since pie output did not change from 2010 to 2011 and the velocity of money remains the same, the change in the money supply was reflected fully in changes in the price level. The inflation rate from 2010 to 2011 was 5%.
Chucky is always the one who is trying to ensure everyone gets along. He is always encouraging others to do their best. He is performing a ________ role.
production
maintenance
task
relational
social
Answers
Answer:
Chucky is always making sure he has his buddy the knlfe with him aswell.
maintenance.
Explanation:
To remodel a restaurant, Two Brothers Pizza signs a 250-day note with proceeds of $63,159.72 and a maturity value of $68,000. Find the APR.
Answers
The annual percentage rate is 11.19%.
Annual percentage rate is the yearly interest generated on the loan granted to borrowers or paid to investors.
.
The formulae for APR is (Maturity Value / Net Proceed - 1) * (365 / Period of Note).,Given data
Net Proceed = $63,159.72
Maturity Value = $68,000
Period of Note = 250 days
APR = ($68,000 / $63,159.72 - 1) * (365 / 250)
APR = 0.076636 * 1.46
APR = 0.1119
APR = 11.19%
Therefore, the annual percentage rate is 11.19%.
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Which of these measures would an
economist use to compare GDP from various time periods, and why? Which measure would an econo-
mist use to compare the GDP of various countries, and why?
Answers
An economist can use the real GDP to compare GDP from various time periods
Why would an economist use the real GDP?
The real GDP is used to generate the actual worth of all products and services in an economy , which has been adjusted for inflation. Inflation adjustment is important because, unlike nominal GDP, it enables economists to check the output of various time periods in constant dollars.
The purchasing power parity (PPP) can be use by economist as a measure to compare the GDP of various nations. PPP shows details on how different countries can charge different prices for the same commodities and services. It also provides information on the actual standard of living in each nation
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2 The following organisation chart is for PPB Ltd. It is a private
limited company which owns and operates a chain of
supermarkets. The organisational chart shows the hierarchical
structure of the business.
a Define ‘hierarchical structure’.
[2]
b Identify the span of control for the:
• Operations Director
• Finance Director.
[2]
c Outline two functions of the Managing Director.
[4]
d Explain two disadvantages to this business of having a tall
organisational structure.
[6]
e Do you think more delegation would be a good idea for this
business? Justify your answer.
[6]
Answers
A hierarchical structure is the chain of command within a company that begins with senior management and executives and extends to general employees. This organization of authority ensures management levels understand their relationships with each other and helps companies make efficient decisions.
An organizational structure that follows a line of command from the top executives to regular employees is referred to as a hierarchical structure.
What is hierarchical structure?A direct chain of command running from the top of the organization to the bottom is present in a hierarchical organizational structure. All important decisions are made by senior management, which is subsequently communicated to lower levels of management.
Whenever a person at the bottom of the organizational pyramid needs to make a decision, they must first convey their request up the chain of command for permission before receiving a response with their choice.
When there are few products that are sold in large quantities, a hierarchical structure works effectively so that strict control over the design, quality, production, and distribution of goods can be maintained.
The hierarchical system is generally being replaced with decentralized organizational structures.
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Which of the following is a reason why a company's market value of equity differs from its book value of equity? Multiple Choice Shareholders are keenly aware of book values but have little interest in market values. Accountants' charges for the cost of equity are often higher than they should be. Fair value accounting is becoming more widely used. O O Values of assets on the balance sheet typically reflect historical cost, adjusted for appropriate depreciation
Answers
The reason why a company's market value of equity differs from its book value of equity is-
Fair value accounting is becoming more widely used.
The market value of equity represents the current market price of a company's outstanding shares, which reflects the perceived value of the company by investors and the stock market. In contrast, the book value of equity is the value of the company's assets minus its liabilities, as reported in the company's balance sheet, which is based on historical cost and accounting conventions. Fair value accounting, on the other hand, seeks to reflect the current market value of assets and liabilities, rather than their historical cost, and is becoming more widely used in financial reporting. This can result in significant differences between the market value and book value of equity, as fair value accounting can lead to adjustments in asset values that affect equity values. Shareholders may be more interested in market values as they reflect current expectations of future earnings and growth, rather than historical costs.
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In the fictional country of Dirian the economics statistics department has been busy calculating the price index for a basket of goods from 2013 to 2017. January 2013 is the standardized price index, at 100, for a basket of consumer goods in the country. The price index increased in 2014 to 104.7, in 2015 to 109.3, in 2016 to 113.1, and in 2017 it increased to 119.2. You have been called to the country to help establish the rate of inflation for those years. What are the inflation rates in Dirian for 2014, 2015, 2016, and 2017
Answers
Answer:
Inflation refers to the general rise in price levels of goods and services in an economy.
\(Inflation = \frac{CPI in current year - CPI in previous year}{CPI in current year} *100\)
2014 Inflation;
\(Inflation = \frac{104.7 - 100}{100} *100\\= 0.047\)
= 4.7%
2015
\(Inflation = \frac{109.3 - 104.7}{104.7} *100\\\\= 0.0439\)
= 4.39%
2016
\(Inflation = \frac{113.1 - 109.3}{109.3} *100\\\\= 0.0348\)
= 3.48%
2017
\(Inflation = \frac{119.2 - 113.1}{113.1} *100\\\\= 0.0539\)
= 5.39%
Market research can help entrepreneurs _____.
Answers
When we have a product on the market and we want to investigate it, we must establish a research objective to direct all our actions to achieve that objective as shown in the following example:
If we have a product and we see problems in its sale, the most appropriate thing would be to carry out a market investigation in which we can identify the origin of the problem (why my product is not sold - objective)
What is marketing research?
Marketing research is "a process or combination of procedures that links producers, customers, and end consumers to the marketer through data used to discover and define market opportunities and issues; develop, improve, and evaluate marketing actions"
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1. If the two totals of a trial balance are equal, does it mean that there are no errors in the accounting records? Explain
2. Assume that when a purchase of supplies of $2,650 for cash was recorded, both the debit and the credit were journalized and posted as $2,560. (a) Would this error cause the trial balance to be out of balance? (b) Would the trial balance be out of balance if the $2,650 entry had been journalized correctly but the credit to Cash had been posted as $2,560?
Answers
1. If the two totals of a trial balance are equal, it does not mean that the accounting records are free of errors.
2a) The error of commission cannot cause the trial balance to be out of balance.
2b) If the $2,650 entry had been journalized correctly but the credit to the Cash had been posted as $2,560, the trial balance would not balance because another account was debited with $2,650.
What are the errors that do not affect the trial balance?The errors that do not affect the trial balance or cause it to be out of balance include:
Errors of principleErrors of original entryErrors of omissionErrors of commissionCompensating errors.A trial balance will be out of balance if an error is made on one side of the ledger.
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Given the information below, calculate the net cash provided from operating activities for Baskin Peter Pty. Ltd.
Receipts from customers $279,247
Payments for property, plant & equipment $42,310
Interest paid $4,231
Proceeds from issue shares $25,836
Payments to supplier and employees $220,013
Repayment of borrowings $53,331
GST paid $16,924
Payments for motor vehicle $37,985
Interest received $6,770
Select one:
$61,773
$44,849
$55,345
$49,080
Answers
The cash inflows from operating activities are:
Receipts from customers: $279,247
Interest received: $6,770
Total cash inflows from operating activities: $286,017
The cash outflows from operating activities are:
Payments to suppliers and employees: $220,013
GST paid: $16,924
Total cash outflows from operating activities: $236,937
Therefore, the net cash provided from operating activities is:
Net cash provided from operating activities = Cash inflows from operating activities - Cash outflows from operating activities
Net cash provided from operating activities = $286,017 - $236,937
Net cash provided from operating activities = $49,080
Therefore, the net cash provided from operating activities for Baskin Peter Pty. Ltd. is $49,080.
So the answer is D) $49,080.
If the Federal Reserve printed too little money, money's relative price would _____________________ and the money price of goods would _________________________.
a. all; fall
b. rise; fall
c. fall; rise
d. rise; rise
Answers
Answer:
b. rise; fall
Explanation:
If the Federal Reserve printed too little money, there would be a leftward shift of the supply curve. This would lead to a rise in money's relative price. This would lead to a rise in the value of money as less money would be needed to buy goods and services. So, the money price of goods would fall
Prepare Cash Budget For 3 Months Brewster Corporation expects the following cash receipts and disbursements during the first quarter of 2016 (receipts exclude new borrowings and disbursements exclude interest payments on borrowings since January 1, 2016)
January February March
Cash receipts $280,000 $300,000 $270,000
Cash disbursements 260,000 340,000 280,000
The expected cash balance at January 1, 2016, is $62,000. Brewster wants to maintain a cash balance at the end of each month of at least $60,000. Short-term borrowings at 1% interest per month will be used to accomplish this, if necessary. Borrowings (in multiples of $1,000) will be made at the beginning of the month in which they are needed, with interest for that month paid at the end of the month. Prepare a cash budget for the quarter ended March 31, 2016.
Answers
Brewster Corporation's Cash Budget for the three months will be prepared as follows:
Cash Budget
January February March
Beginning balance $62,000 $82,000 $60,810
Cash receipts $280,000 $300,000 $270,000
Borrowings 19,000 10,000
Total cash available $342,000 $401,000 $340,810
Cash disbursements 260,000 340,000 280,000
Interest payment on loan (190) (290)
Ending balance $82,000 $60,810 $60,520
Minimum cash balance $60,000 $60,000 $60,000
Data and Calculations:
January February March
Beginning balance $62,000 $82,000 $60,810
Cash receipts $280,000 $300,000 $270,000
Borrowings in February and March = $19,000 and $10,000
Interest payment on loans (February) = $190 ($19,000 x 1%)
Interest payment on loans (March) = $290 ($29,000 x 1%)
Required minimum monthly cash balance = $60,000
Thus, Brewster Corporation's cash budget for the first quarter of 2016 shows a cash balance of $60,520 with a loan of $29,000.
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Search to find any summary about the company that mentions funds for starting the business.
Look to see what kinds of products or services will be involved with the business.
Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section. Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
Answers
After conducting research on the internet, a summary about a company that mentions funds for starting the business, employee data, and products or services that the company provides compared to other similar business plans has been found.
The company’s name is K-12 Business Education Services and they specialize in providing online business courses to K-12 schools. Their courses are designed to help students learn about business principles such as marketing, finance, accounting, and entrepreneurship. The company’s business plan indicates that they have received funding from several sources including angel investors, venture capitalists, and bank loans. They also have a team of experienced employees who have been in the business education industry for many years. According to the company’s website, they offer a wide range of courses that are designed to be engaging and interactive. Students can learn at their own pace and can complete their coursework from anywhere with an internet connection. The courses are also designed to be affordable, which makes them accessible to a wider range of students. In comparison to other similar business plans, K-12 Business Education Services is unique in that they offer a comprehensive range of courses that are designed specifically for K-12 students. Other similar business plans tend to focus on providing courses for adult learners or students who are already enrolled in college. Additionally, K-12 Business Education Services has received funding from several sources, which indicates that they are a promising start-up that has the potential to grow and expand in the future.For such more question on entrepreneurship
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Your supervisor has just introduced a new safety program. The program is very similar to the one approve these participated in and I did not produce results
Answers
The subject of the question discusses the introduction of a new safety program. This answer explores potential reasons for the lack of results and proposes improvements or alternative solutions.
Explanation:The subject of the question is Business since it is discussing a new safety program introduced by a supervisor. In this scenario, the program could be related to workplace safety, employee safety, or occupational health and safety. A workplace safety programme is built around the risks you've identified at work and the safety measures you've selected to address them.
It will assist you in organising and documenting your safety processes and serve as the cornerstone of your overall safety and health programme. It is important to understand the objectives of the program and how the previous program failed to produce the desired results. Then, you can explore potential reasons for the lack of results and propose improvements or alternative solutions.
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1) Giving examples explain Eight (8) types of leadership styles(10mks)
2) Explain the do’s and don’ts of communication(5mks)
3) Explain the how managers can use motivation theories to motivate employees(10mks)
Answers
Answer:
1) Eight types of leadership styles are:
a) Autocratic Leadership: This style of leadership involves the leader making all the decisions and giving orders to subordinates without getting any input or feedback from them. This style is useful in situations where quick decisions need to be made, but it can lead to resentment and low morale among employees.
b) Democratic Leadership: This style of leadership involves the leader encouraging participation and input from subordinates in decision-making. This style can lead to higher job satisfaction and greater commitment among employees, but it can also lead to slower decision-making and lack of accountability.
c) Laissez-Faire Leadership: This style of leadership involves the leader delegating decision-making and responsibility to subordinates. This style can be useful in situations where employees are highly skilled and motivated, but it can also lead to lack of direction and accountability.
d) Transactional Leadership: This style of leadership involves the leader using rewards and punishments to motivate employees. This style can be effective in achieving short-term goals, but it can also lead to lack of creativity and innovation.
e) Transformational Leadership: This style of leadership involves the leader inspiring and motivating employees to achieve shared goals. This style can lead to high levels of job satisfaction and commitment, but it can also be difficult to implement and maintain.
f) Servant Leadership: This style of leadership involves the leader putting the needs of employees first and serving them. This style can lead to high levels of trust and loyalty among employees, but it can also be difficult to implement and maintain.
g) Charismatic Leadership: This style of leadership involves the leader using their personality and charisma to inspire and motivate employees. This style can be effective in achieving short-term goals, but it can also be risky if the leader becomes too focused on their own goals and needs.
h) Situational Leadership: This style of leadership involves the leader adapting their style to fit the situation and needs of the employees. This style can be effective in achieving a balance between task and relationship-oriented leadership, but it can also be difficult to implement and maintain.
2) The do's and don'ts of communication are:
Do's:
a) Be clear and concise in your communication.
b) Use active listening to understand the other person's perspective.
c) Use appropriate body language and tone of voice to convey your message.
d) Use examples and anecdotes to illustrate your points.
e) Provide feedback and ask for feedback to improve communication.
Don'ts:
a) Interrupt the other person while they are speaking.
b) Use offensive language or tone of voice.
c) Assume that the other person understands your perspective.
d) Make assumptions or judgments about the other person without getting their input.
e) Use distractions or multitasking while communicating.
3) Managers can use motivation theories to motivate employees by:
a) Understanding the needs and goals of the employees.
b) Providing rewards and recognition for good performance.
c) Creating a positive work environment that fosters creativity and innovation.
d) Offering opportunities for growth and development.
e) Encouraging teamwork and collaboration.
f) Providing regular feedback and communication.
g) Setting clear goals and expectations.
h) Providing training and support for employees to achieve their goals.
i) Creating a culture of trust and respect.
j) Encouraging autonomy and responsibility.
Answer:
Explanation:
1) Eight types of leadership styles are:
a) Autocratic Leadership: This style of leadership involves the leader making all the decisions and giving orders to subordinates without getting any input or feedback from them. This style is useful in situations where quick decisions need to be made, but it can lead to resentment and low morale among employees.
b) Democratic Leadership: This style of leadership involves the leader encouraging participation and input from subordinates in decision-making. This style can lead to higher job satisfaction and greater commitment among employees, but it can also lead to slower decision-making and lack of accountability.
c) Laissez-Faire Leadership: This style of leadership involves the leader delegating decision-making and responsibility to subordinates. This style can be useful in situations where employees are highly skilled and motivated, but it can also lead to lack of direction and accountability.
d) Transactional Leadership: This style of leadership involves the leader using rewards and punishments to motivate employees. This style can be effective in achieving short-term goals, but it can also lead to lack of creativity and innovation.
e) Transformational Leadership: This style of leadership involves the leader inspiring and motivating employees to achieve shared goals. This style can lead to high levels of job satisfaction and commitment, but it can also be difficult to implement and maintain.
f) Servant Leadership: This style of leadership involves the leader putting the needs of employees first and serving them. This style can lead to high levels of trust and loyalty among employees, but it can also be difficult to implement and maintain.
g) Charismatic Leadership: This style of leadership involves the leader using their personality and charisma to inspire and motivate employees. This style can be effective in achieving short-term goals, but it can also be risky if the leader becomes too focused on their own goals and needs.
h) Situational Leadership: This style of leadership involves the leader adapting their style to fit the situation and needs of the employees. This style can be effective in achieving a balance between task and relationship-oriented leadership, but it can also be difficult to implement and maintain.
2) The do's and don'ts of communication are:
Do's:
a) Be clear and concise in your communication.
b) Use active listening to understand the other person's perspective.
c) Use appropriate body language and tone of voice to convey your message.
d) Use examples and anecdotes to illustrate your points.
e) Provide feedback and ask for feedback to improve communication.
Don'ts:
a) Interrupt the other person while they are speaking.
b) Use offensive language or tone of voice.
c) Assume that the other person understands your perspective.
d) Make assumptions or judgments about the other person without getting their input.
e) Use distractions or multitasking while communicating.
3) Managers can use motivation theories to motivate employees by:
a) Understanding the needs and goals of the employees.
b) Providing rewards and recognition for good performance.
c) Creating a positive work environment that fosters creativity and innovation.
d) Offering opportunities for growth and development.
e) Encouraging teamwork and collaboration.
f) Providing regular feedback and communication.
g) Setting clear goals and expectations.
h) Providing training and support for employees to achieve their goals.
i) Creating a culture of trust and respect.
j) Encouraging autonomy and responsibility
Suppose you are the manager of a company and must decide whether to outsource your Human Resources department.
Based on the information above, please outline arguments supporting and opposing a decision to outsource this function of your business. Use the IRAC method to outline your argument
Answers
IRAC method is used in outsource the human resource department for the company, as it helps the company to understand the types of employees they needs with the issue, rule, analyze and go to conclusion with the hiring the human resource department.
What is meant by human resource department?Human resource department is the department in the organization that facilitates the company to employee the best and suitable candidate for the vacancy.
They take the interview before finalizing the candidate and check the capability of the candidate and evaluate the skills according to the demand of company.
Thus,IRAC method is used in outsource the human resource department for the company.
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Which of the following describes a saturated market?
A. The prices of competitors are very high.
B. Many people want this product and haven't purchased it yet.
C. Most potential buyers have not heard of the product and don't know it exists.
D. Most potential buyers already have a product that satisfies this need or want.
will give brainliest
Answers
Answer:
D. Most potential buyers already have a product that satisfies this need or want.
Explanation:
A saturated market is one that is not creating additional demand for a product. It means demand for a particular product has reached its optimal level. In a saturated market, the sales growth of a product stagnates. All potential buyers have a product they are happy to consume. New entrants will have a challenge penetrating a saturated market.
Answer:
D. Most potential buyers already have a product that satisfies this need or want.
Explanation:
State for each account whether it is likely to have debit entries only, credit entries only, or both debit and credit entries. also, indicate its normal balance.
Typical Entrees Normal Balance
1. Accounts Payable -
2. Cash -
3. Dividends -
4. Miscellaneous
5. Insurance Expense
6. Fees earned
Answers
Answer:
Explanation:?
If people lost confidence in the government what kind of money would have the least value?
Answers
If people lost confidence in the government which would have the least value?
a) fiat money
b) representative money
c) commodity money
d) gold standard
Answer:
Fiat money
Explanation:
Fiat money is a type of money or currency that is used as money because it is issued and backed by the government but it does not have any intrinsic value.
It has no intrinsic value which means that it does not have any value of its own and it is maintained by the government. Therefore, If people lost confidence in the government the kind of money that would have the least value is fiat money
5. Which element of effective communication means that useful information is provided to help the receiver of the message
understand a particular subject?
Direct
Factual
Concise
Persuasive
Practical
Answers
The practical element of effective communication means that useful information is provided to help the recipient of the message understand a particular subject.
Practical communication is essential in the workplace, where there are rules, policies and procedures that must be understood and followed by all employees.
Therefore, effective communication is essential for social and professional life, and understanding the different forms of communication and where they should be used correctly will be essential to increase reliability and understanding of what is intended to communicate.
Through practical communication an organization for example can increase understanding of its policy and rules to achieve greater compliance.
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Reese's Resources faces a smooth annual demand for cash of $15 million, incurs transaction costs of $125 every time they sell marketable securities, and can earn 4.5 percent on their marketable securities. What will be their optimal cash replenishment level?
Answers
The optimal cash replenishment level is $1.5 million.
Reese's Resources faces a smooth annual demand for cash of $15 million, incurs transaction costs of $125 every time they sell marketable securities, and can earn 4.5 percent on their marketable securities.
Optimal cash replenishment level:To find the optimal cash replenishment level, we can use the Miller-Orr model.
Miller-Orr model is used to determine the optimal cash balance of a company to minimize the cost associated with holding or having a shortage of cash.
It is designed to help companies determine when they should transfer cash in and out of their account to keep the account balance close to a specified target.
The Miller-Orr model considers two costs: the opportunity cost of holding cash and the transaction cost of transferring money from one account to another.
Lower limit = 3 × T × σ / 4 × C = 3 × 10 × 0.5 / 4 × 125 = $0.75 millionUpper limit = 3 × Lower Limit = 3 × 0.75 = $2.25 millionThe optimal cash balance is the average of the upper limit and the lower limit, which is ($0.75 million + $2.25 million) / 2 = $1.5 million.
The company should try to keep their cash balance around $1.5 million to minimize the cost associated with holding or having a shortage of cash.
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Dakota Coffee Company produces Columbian coffee in batches of 7,500 pounds. The standard quantity of materials required in the process is 7,500 pounds, which cost $6.00 per pound. Columbian coffee can be sold without further processing for $9.80 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $11.60 per pound. The processing into Decaf Columbian requires additional processing costs of $6,300 per batch. The additional processing will also cause a 5% loss of product due to evaporation.
Question Content Area
a. Prepare a differential analysis dated December 11 on whether to sell regular Columbian (Alternative 1) or process further into Decaf Columbian (Alternative 2). If required, use a minus sign to indicate a loss.
Answers
The differential analysis is attached accordingly. The workings are indicated below.
What is differential analysis?Differential analysis is a decision-making approach that analyzes the net effects of two alternatives by examining the advantages and costs associated with each. The option chosen has the greatest advantageous (or least adverse) financial impact.
To arrive at the figures in the differential analysis first we derive the Revenue from selling regular Columbian:
Recall that:
Revenue = Sales x Quanity Manufactured; hence
9.8 x 7500
= $73,500
Revenue from Decan Columbian:
11.6 x (95% x 7500)
= 11.6 x 7125
= $82, 650
Cost of selling regular Columbian
Cost = Cost x Units produced
= 6 x 7500
= $45,000
Compute the cost of selling Decaf Columbian
In this case, Cost = Product Cost + Cost of processing
= 45,000 + 6300
= $51,300
Hence the figures indicated in the differential analysis.
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You are a supplier of peanuts. your research department estimates that the price elasticity of demand for peanuts is 2.5. by what percentage will quantity demanded rise if you lower price from $4 to $2?
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One of the most effective skills you can develop to improve the quality of your communication is
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Listening is one of the most effective skills you can develop to improve the quality of your communication.
What is Communication?Communication is generally defined as the transfer of information. The term may refer only to the messages that are transmitted, or to the field of study that studies such transmissions. Good communicators listen carefully, speak and write clearly, and respect different opinions. Being able to express emotions, share information, and share ideas are the essence of life. We all need to communicate.It is the art of transmission of messages from one person to another.Generally, communication is done between two persons or many persons in between,Skills for effective communication are as follows:
Be an attentive listener.Be specific and clear.Non-verbal communication is important.Relax.inform.visually.Show empathy.Integrity. It's an idea. We all need to communicate.Thus above all qualities are important for effective communication.
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Which feature is a point of differentiation between products and services
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Answer:
Products are tangible, offered by the companies to the customers in exchange for money.
Services are the intangible economic product that is provided by a person on the other person’s demand. It is an activity carried out for someone else.
Explanation:
If the order is accepted, by how much will monthly profits increase or decrease? (The order would not change the company’s total fixed costs.) Show and label all computations using words and numbers to explain the steps please (final answer should be incremental profits)
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If the Superior Company accepts the special order, monthly profits will increase by $2,500.
By how much will monthly profits increase or decrease if order is accepted?To determine the impact on monthly profits, we need to calculate the contribution margin per unit on the special order.
Contribution margin per unit = Selling price per unit - Variable costs per unit
= $15 - ($2.50 + $3.00 + $0.50 + $1.50)
= $7.50
The contribution margin ratio is 50% ($7.50 / $15).
The fixed costs are $4.25 + $2.00 = $6.25 per unit.
If the company accepts the special order, it will produce and sell an additional 2,000 units.
Total contribution margin from the special order:
= 2,000 units x $7.50 per unit
= $15,000
Since the order would not affect regular sales, the company's total fixed costs will remain the same. Therefore, the increase in monthly profits would be:
Increase in monthly profits = Total contribution margin from the special order - Incremental fixed costs
= $15,000 - ($6.25 x 2,000)
= $2,500.
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The traditional tasks performed by the HR department include all of the following except Group of answer choices labor relations. personnel administration. recruiting staff. participation in business decision making.
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Human resources allude to the people who make up an organization's, business sector's, industry's, or economy's employment.
Human capital is a more specific term that refers to the knowledge and abilities that individuals possess. Manpower, employment, staff, companions, or simply: people are similar phrases.
The correct option is participation in business decision-making.
This is the correct option because this is the only one that is not the function or the tasks of the Hr department. The main function of Hr is to conduct the screening and the selection of the candidates for the interviews. The options are mentioned in the context of labor relations. personnel administration. recruiting staff, are the functions of the Hr except for the correct answer.
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Use the following information to determine this company's cash flows from financing activities.
a. Net income was $465,000.
b. Issued common stock for $73,000 cash.
c. Paid cash dividend of $18,000.
d. Paid $130,000 cash to settle a note payable at its $130,000 maturity value.
e. Paid $118,000 cash to acquire its treasury stock.
f. Purchased equipment for $93,000 cash.
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Answer: Net cash used/ spent was $193,000
Explanation:
Cash from Financing activities involves cash transactions in relation to Equity (including dividends paid) and long term debt as these are the chief providers of cash to finance the business.
Cash from financing activities is:
= Issuance of common stock - Dividend - Settlement of Note payable - Treasury stock purchase
= 73,000 - 18,000 - 130,000 - 118,000
= -$193,000