The stated statement is true so because change in profit may be calculated by multiplying the degree of operational leverage by a change in sales.
How does leverage work?Financial leverage is the use of borrowed money (debt) to finance the purchase of assets in the anticipation that the income from the new asset or return of capital would outweigh the cost of borrowing. The definition of leverage is summed up in this idea.
How is leverage used in the workplace?The capacity to double your efforts through influencing a systems or environment is known as leverage. To put it another way, it is putting in the correct amount of work through the right channels to increase returns for your company.
To know more about leverage visit:
https://brainly.com/question/27972889
#SPJ4
The following trial balance was extracted from the books of Kalekeno, a sole trader, at 31st Dec2018:
Dr Cr
Stock DEC 31st 2017 23,680
Carriage outward 2,000
Carriage inwards 3,100
Returns 2050 3,220
Purchases and sales 118,740 186,000
Salaries and wages 38,620
Rent 3040
Insurance 780
Motor expenses 6,640
Office expenses 2160
Lighting and heating expenses 1,660
General expenses 3140
Premises 50,000
Motor vehicles 18,000
Fixtures and fittings 3,500
Debtors and creditors 38,960 17,310
Cash at bank 4820
Drawings 12,000
Capital 126,360
332,890 332,890
Additional information
i) Closing stock was valued at ksh 29,460 as at 30th June 2018
ii) Mr kalekeno took part of the stock amounting to ksh 3000 for personal use
iii) Salaries and wages amounting to ksh 8,000 were pre-paid and ksh 360 of motor expenses accrued
iv) Bad debts written off amounted to 860
v) Depreciation is to be provided for as follows:
Premises at 20%
Fixtures and fittings at 15%
Motor vehicles at 25%
All of a above asset were depreciated at cost
a) The income statement for the year ended 30 th June 2018 ( 5marks)
b) The statement of financial position (5 Marks)
Answer:
Stock DEC 31st 2017 23,680
Carriage outward 2,000
Carriage inwards 3,100
Returns 2050 3,220
Purchases and sales 118,740 186,000
Salaries and wages 38,620
Rent 3040
Insurance 780
Motor expenses 6,640
Office expenses 2160
Lighting and heating expenses 1,660
General expenses 3140
Premises 50,000
Motor vehicles 18,000
Fixtures and fittings 3,500
Debtors and creditors 38,960 17,310
Cash at bank 4820
Drawings 12,000
Capital 126,360
332,890 332,890
Additional information
i) Closing stock was valued at ksh 29,460 as at 30th June 2018
ii) Mr kalekeno took part of the stock amounting to ksh 3000 for personal use
iii) Salaries and wages amounting to ksh 8,000 were pre-paid and ksh 360 of motor expenses accrued
iv) Bad debts written off amounted to 860
v) Depreciation is to be provided for as follows:
Premises at 20%
Fixtures and fittings at 15%
Motor vehicles at 25%
All of a above asset were depreciated at cost
a) The income statement for the year ended 30 th June 2018 ( 5marks)
b) The statement of financial position (5 Marks)
Explanation:
Ms. Tanja Umstead is 46 years old and lives in Richmond, British Columbia. She is in good health
and works in the sales department of a large publicly traded company.
Employment Information
1. Tanja's 2022 salary is $93,500. In addition, she was awarded a year-end bonus of $12,000, all
of which is payable in January 2023.
Answer: Based on the provided information, here is Tanja Umstead's employment information:
2022 Salary: $93,500
Year-end Bonus (2022): $12,000 (payable in January 2023)
Therefore, Tanja's total income for 2022 would be the sum of her salary and the year-end bonus:
Total Income for 2022 = Salary + Year-end Bonus
= $93,500 + $12,000
= $105,500
It's important to note that the year-end bonus of $12,000 will be paid in January 2023, which means it will be considered as part of her income for the following year (2023) rather than 2022
Explanation:
2.2 List any TWO characteristics of public goods.
Answer:
non-excludable and Non-rivalrous
11. Identify five products sold in shops around your home. (5mks) 12. Identify any five occupations found in your trading centre. (5mks) 13. Outline the role of division of labour and specialisation. (5mks)
Groceries, apparel, electronics, books, and home products are the five items that are sold in stores close to my house. Shop owners, salespeople, the cashiers, guards for safety, and dry cleaners are the five jobs present in my trading center.
The separation of tasks and functions inside a system to boost production and efficiency is referred to as the division of labour and specialization.
Specialization enables workers to concentrate on the stages of the production process where they have an advantage, increasing productivity and output. The separation of roles and duties within a system is made possible by the division of labour, which boosts production and efficiency.
As a result, the significance of the five products sold in shops around home are the aforementioned.
Learn more about on products, here:
https://brainly.com/question/31859289
#SPJ1
Which of the following statements is more likely if cash and marketable securities increased by $5,000 during a period in which cash provided by operations increases by $1,000 and cash used by investments decreases by $500?
a. Cash provided by financing increases by $6,500.
b. Cash used by financing decreases by $1,000.
c. Debt increases by more than cash dividends paid.
d. Debt is reduced by more than cash dividends paid.
Answer: c. Debt increases by more than cash dividends paid
Explanation:
In this case, the net increase in the cash from financing activities will be:
= $5000 - $1000 + $500
= $4500
Option A is incorrect as Cash provided by financing doesn't increase by $6,500 but rather $4500.
Option B is incorrect because the cash used by financing doesn't decreases by $1,000 but rather increase.
Option D us incorrect as well.
The correct option is C "Debt increases by more than cash dividends paid".
Answer:
c. Debt increases by more than cash dividends paid.
Explanation:
The cash flow statement equation is given as follows:
Cash and marketable securities = Cash flows from operations + Cash flows from investments + Cash flows from financing .................. (1)
Where, from the question, we have:
Cash flows from operations = Cash provided by operations increases = $1,000
Cash flows from investments = Cash used by investments decreases = -$500
Cash flows from financing = ?
Cash and marketable securities increased = $5,000
Substituting all the values into equation (1) and solve for Cash flows from financing, we have:
$5,000 = $1,000 - $500 + Cash flows from financing
Cash flows from financing = $5,000 - $1,000 + $500
Cash flows from financing = $4,500
Since the $4,500 Cash flows from financing is positive, this implies that cash provided by financing increases by $4,500. From the option in the question, this can only happen when debt increases by more than cash dividends paid. The other options are clearly not correct.
Therefore, the correct option is c. Debt increases by more than cash dividends paid.
Valdovinos Corporation has provided the following data:
Sales(All On Account) 1,150,000
Gross Margin 440,000
Net Operating Income 40,077
Net Income Before Taxes 23,077
Net Income 15,000
What percentage is the company's net profit margin percentage closest to?
Profit margin, which is calculated by dividing income by revenues, effectively measures how profitable a firm or commercial activity is.
How do you determine profit margin?Profit margin is calculated as profit multiplied by revenue. There is a net profit margin as well as a larger gross profit margin (smaller).
What is an example of profit margin?In other words, a profit margin demonstrates how much revenue a business may keep as profit. Typically, profit margins are reported as percentages. For instance, a corporation would make $0.60 in profit for every dollar of revenue it earned if its profit margin was 60%.
To know more about Profit margin visit:-
https://brainly.com/question/28212891
#SPJ4
Camila is completing a project for her architectural design class. She has completed
some drawings of a model home and needs to fill them in with color. Which design
tool will she MOST LIKELY select?
Rendering tools
A level
A sketchbook
Fabric swatches
Camila is completing a project for her architectural design class. She has completed some drawings of a model home and needs to fill them in with color. Fabric swatches design tool she will MOST LIKELY select.
First of all, "cloth" is a material interwoven with fibers. Generally, fabrics are named after the textile user who made them. Some fabrics use a blend of different fibers. Fabrics are named according to the fibers used, their patterns and textures, and the manufacturing processes used. can be separated. Common examples of natural fibers are cotton, denim, wool, and silk.
A cloth is a cloth or other material made from interwoven cotton, nylon, wool, silk, or other threads. The fabric is used to make clothing, curtains, sheets, etc.
Learn more about Fabric here
https://brainly.com/question/15276028
#SPJ1
Discuss 5 sources of government revenue in the economy
Journalise the followung transactions.
Oct. 1. Paid rent for the month, $3,600.
3. Paid advertising expense, $1,200.
5. Paid cash for supplies, $750.
6. Purchased office equipment on account, $8,000.
10. Received cash from customers on account, $14,800.
15. Paid creditors on account, $7,110.
27. Paid cash for miscellaneous expenses, $400.
30. Paid telephone bill (utility expense) for the month, $250.
31. Fees earned and billed to customers for the month, $33,100.
31. Paid electricity bill (utility expense) for the month, $1,050.
31. Withdrew cash for personal use, $2,500.
Answer:
Explanation:
S/No Date Transaction Dr($) Cr($)
1 Oct.1 Rent Expense 3,600
Cash 3,600
2. Oct.3 Advert. Expenses 1,200
Cash 1,200
3. Oct.5 Supplies 750
Cash 750
4 Oct.6 Office equipment 8000
Accounts Payable 8,000
5 Oct.10 Cash 1 4,800
Accounts receivable 14,800
6 Oct.15 Accounts payable 7,110
Cash 7,110
7. Oct.27 Miscellaneous 400
Cash 400
8 Oct.30 Utilities Expenses 250
Cash 250
9 Oct 31 Accounts receivable 33,100
Fees earned 33,100
10 Oct.31 Utility Expense 1,050
Cash 1050
11 Oct.31 Drawings 2,500
Cash 2,500
One of Shanice's team members is not happy with their performance review and refuses to accept the rating she gave. What should Shanice do?
Shanice should aim to resolve the issue through open communication, active listening, and a willingness to address the team member's concerns.
Listen and understand: Shanice should create an open and safe space for the team member to express their concerns. She should actively listen and seek to understand their perspective. This demonstrates empathy and shows that she values their input.
Provide clarity: Shanice should provide a clear explanation of the performance review process, including the criteria used to evaluate performance and the specific examples that led to the assigned rating. This can help address any misunderstandings or misconceptions.
Address concerns and offer feedback: Shanice should address the team member's specific concerns and provide constructive feedback. She can highlight areas for improvement and offer guidance on how to enhance performance. It's important for Shanice to focus on specific behaviors and outcomes rather than personal attacks or generalizations.
Seek input and involve the team member: Shanice can ask the team member for their suggestions on how to improve their performance or address their concerns. Involving them in the process can foster a sense of ownership and encourage collaboration.
Consider a reevaluation: If Shanice believes there may have been an oversight or if the team member presents compelling evidence, she can consider a reevaluation of the performance review. This may involve gathering additional feedback or revisiting the evaluation criteria.
For more such questions on communication visit:
https://brainly.com/question/25020821
#SPJ8
explain why the income tax graph has different slopes. what is the meaning of each slope?
You are graduating from college at the end of this semester and have decided to invest $ at the end of each year into a Roth IRA (a retirement investment account that grows tax free and is not taxed when it is liquidated) for the next years. If you earn percent compounded annually on your investment of $ at the end of each year, how much will you have when you retire in years? How much will you have if you wait 10 years before beginning to save and only make payments into your retirement account?
Answer:
the numbers are missing, so I looked for similar questions:
You are graduating from college at the end of this semester and have decided to invest $5,000 at the end of each year into a Roth IRA, (which is a retirement investment account that grows tax free and is not taxed when it is liquidated) for the next 45 years. If you earn 8 percent compounded annually on your investment of $5,000 at the end of each year, how much will you have when you retire in 45 years? How much will you have if you wait 10 years before beginning to save and only make 35 payments into your retirement account?
We have to determine the future value of an annuity:
FV = annual contribution x FV annuity factor
annual contribution = $5,000
FV annuity factor, 45 periods, 8% = 386.50562
FV = $5,000 x 386.505662 = $1,932.528
if you wait 10 years before starting to save, then the future value will be:
FV = annual contribution x FV annuity factor
annual contribution = $5,000
FV annuity factor, 45 periods, 8% = 172.3168
FV = $5,000 x 172.3168 = $861,584
Stocks that don't pay dividends yet
Goodwin Technologies, a relatively young company, has been wildly successful but has yet to pay a dividend. An analyst forecasts that Goodwin is likely to pay its first dividend three years from now. She expects Goodwin to pay a $5.5000 dividend at that time (D $5.5000) and believes that the dividend will grow by 28.60% for the following two years (D4 and D5). However, after the fifth year, she expects Goodwin's dividend to grow at a constant rate of 4.38% per year.
Goodwin's required return is 14.60%. Fill in the following chart to determine Goodwin's horizon value at the horizon date when constant growth begins and the current intrinsic value. To increase the accuracy of your calculations, carry the dividend values to four decimal places.
Term Value
Horizon value
Current Intrinsic value
Assuming that the markets are in equilibrium, Goodwin's current expected dividend yield is and Goodwin's capital gains yield is______.
Goodwin has been very successful, but it hasn't paid a dividend yet. It circulates a report to its key investors containing the following statement:
Goodwin's investment opportunities are poor.
Is this statement a possible explanation for why the firm hasn't paid a dividend yet?
A. True
B. False
Answer:
horizon value at year 5 = $94.3444
current intrinsic intrinsic value P₀ = $47.73
Assuming that the markets are in equilibrium, Goodwin's current expected dividend yield is and Goodwin's capital gains yield is 0(it pays no dividends).
Goodwin has been very successful, but it hasn't paid a dividend yet. It circulates a report to its key investors containing the following statement:
Goodwin's investment opportunities are poor.
Is this statement a possible explanation for why the firm hasn't paid a dividend yet?
B. False
Generally companies that are experiencing a rapid growth do not pay dividends, because they need all the cash that they can use to finance their expansion. Sometimes mature companies that have a steady growth rate will also choose not to pay dividends because they consider themselves as solid investments and not paying dividends allows them to grow more and should increase stockholders' wealth more.
Explanation:
D₃ = $5.50
D₄ = $7.073
D₅ = $9.096
D₆ = $9.642 (and a constant growth rate of 4.38%
Re = 14.60%
horizon value at year 5 = $9.642 / (14.6% - 4.38%) = $94.3444
intrinsic value P₀ = $94.3444 / 1.146⁵ = $47.73
Supposing that the markets are in equilibrium, Goodwin's current common dividend yield is and Goodwin's capital gains result is 0(it pays no dividends). False.
What is Markets Equilibrium?
The horizon value at year 5 is = $94.3444
current intrinsic intrinsic value P₀ is = $47.73
Considering when the markets are in equilibrium, Also Goodwin's current common dividend yield is and also Goodwin's capital gains yield is 0(it pays no dividends).
Goodwin has been extremely successful, but it hasn't paid a premium yet. It disseminates a report to its key investors including the subsequent declaration:
Goodwin's investment opportunities are lacking.
B. False
Commonly, companies that are undergoing rapid evolution do not pay dividends, because they require all the cash that they can use to finance their development.
Sometimes when mature companies that have a steady growth rate will also when choose not to pay dividends because they consider themselves solid investments and not paying dividends allows them to grow more and also should increase stockholders' wealth more.
Then, D₃ = $5.50
After that, D₄ = $7.073
Then, D₅ is = $9.096
After that, D₆ = $9.642 (and a constant growth rate of 4.38%
Then, Re = 14.60%
Then, horizon value at year 5 = $9.642 / (14.6% - 4.38%) = $94.3444
Therefore, intrinsic value P₀ = $94.3444 / 1.146⁵ = $47.73
Find more information about Markets Equilibrium here:
https://brainly.com/question/12252562
Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
For such more question on net loss:
https://brainly.com/question/28390284
#SPJ8
In marketing his wooden pens and pencils to specialty-shop customers. What marketing straregy Roben was using and why?
Answer:
concentrated marketing
2. Carson Inc.'s manager believes that economic conditions during the next year will be strong, normal, or weak, and she thinks that the firm's returns will have the probability distribution shown below. What's the coefficient variation for this firm’s returns??
Economic
Conditions Prob. Return
Strong 25% 30.0%
Normal 45% 12.0%
Weak 30% -14.0%
The coefficient variation for Carson Inc.'s returns is 4.06.
The coefficient of variation (CV) is a measure of relative dispersion or risk for a set of data. It is calculated as the standard deviation divided by the mean of the data, expressed as a percentage.
First, we need to calculate the expected return for Carson Inc.'s returns:
Expected return = (0.25 x 0.30) + (0.45 x 0.12) + (0.30 x -0.14) = 0.045 or 4.5%
Next, we need to calculate the standard deviation
Standard deviation = √((0.25 x (0.30 - 0.045)²) + (0.45 x (0.12 - 0.045)²) + (0.30 x (-0.14 - 0.045)²)) = 0.1828 or 18.28%
Finally, we can calculate the coefficient of variation
Coefficient of variation = standard deviation / expected return = 0.1828 / 0.045 = 4.06
To know more about coefficient variation here
https://brainly.com/question/30883513
#SPJ1
Legal Reasoning Fact Scenario V:
Rapunzel, who lives in Massachusetts, works in research and development for Tower Corporation at one of the company's facilities in Massachusetts. Tower Corporation is a hair products company whose headquarters is in Connecticut and whose primary state of incorporation is Delaware. Recently, she applied for a promotion, but the position was awarded to Rumpelstiltskin, a man from another department with much less experience and fewer qualifications. Rapunzel is very disappointed and is upset because she has noticed a pattern and practice of discrimination on the basis of gender at Tower and she decides to sue Tower Corporation based on Title VII of the Civil Rights Act of 1964 (a Federal statute) and Mass. Gen. Laws Ann. ch. 151B, §1 et al. (a Massachusetts statute.) After exhausting her administrative remedies, as is required by the statutes, she decides to proceed in court.Refer to Legal Reasoning Fact Scenario V:
Which of the following must be considered in order to determine in which court Rapunzel can file her claim?
Whether the case can be tried in federal court and which courts have personal jurisdiction over Rapunzel.
Whether the case can be tried in federal court, only.
Which courts have personal jurisdiction, only.
A substantive analysis of gender discrimination laws at both the state and federal level.
C: Whether the case can be tried in federal court and which courts have personal jurisdiction over Rapunzel.
In order to determine in which court Rapunzel can file her claim, it is necessary to consider both whether the case can be tried in federal court and which courts have personal jurisdiction over Rapunzel.
This is because Rapunzel is suing Tower Corporation based on both Title VII of the Civil Rights Act of 1964 (a Federal statute) and Mass. Gen. Laws Ann. ch. 151B, §1 et al. (a Massachusetts statute.) In order to determine whether her case can be tried in federal court, Rapunzel must consider the requirements of the federal statute, such as the number of damages sought.
To determine which courts have personal jurisdiction over Rapunzel's claim, she must consider the requirements of the Massachusetts statute, such as the location of the alleged discrimination. A substantive analysis of gender discrimination laws at both the state and federal levels is also necessary but is not sufficient to determine in which court Rapunzel can file her claim.
For more questions like Personal jurisdiction click the link below:
https://brainly.com/question/29788792
#SPJ4
Complete question:
1. Legal Reasoning Fact Scenario V:
Rapunzel, who lives in Massachusetts, works in research and development for Tower Corporation at one of the company's facilities in Massachusetts. Tower Corporation is a hair products company whose headquarters is in Connecticut and whose primary state of incorporation is Delaware. Recently, she applied for a promotion, but the position was awarded to Rumpelstiltskin, a man from another department with much less experience and fewer qualifications. Rapunzel is very disappointed and is upset because she has noticed a pattern and practice of discrimination on the basis of gender at Tower and she decides to sue Tower Corporation based on Title VII of the Civil Rights Act of 1964 (a Federal statute) and Mass. Gen. Laws Ann. ch. 151B, §1 et al. (a Massachusetts statute.) After exhausting her administrative remedies, as is required by the statutes, she decides to proceed in court.
Fact Scenario V: Question V1:
This case involves
a.
only a state discrimination claim.
b.
only a federal discrimination claim.
c.
both a state and a federal discrimination claim.
d.
neither a state nor a federal discrimination claim.
2. Refer to Legal Reasoning Fact Scenario V: Question V2:
Which of the following must be considered in order to determine in which court Rapunzel can file her claim?
Whether the case can be tried in federal court and which courts have personal jurisdiction over Rapunzel.
Whether the case can be tried in federal court, only.
Which courts have personal jurisdiction, only.
A substantive analysis of gender discrimination laws at both the state and federal level.
Describe how the IRR is calculated, and describe the information this measure provides about a sequence of cash fl ows. What is the IRR criterion decision rule?
Answer:
The Internal Rate of Return is the discount rate that discounts a series of cashflows such that the Net Present Value becomes zero.
It is calculated in the same way the NPV is calculated which is to subtract the discounted cash outflows from the discounted cash inflows but this time it will be the subject of the equation which will be equated to zero.
Formula therefore is;
\(\frac{Cf_{1} }{(1 + IRR_{1} )} + \frac{Cf_{2}}{(1 + IRR_{2} )^{2} } + \frac{Cf_{n} }{(1 + IRR_{n} )^{n} } - Cf_{0} = 0\)
Excel worksheets, financial calculators and solving the equation can all be used to find IRR.
The higher the IRR, the better for a project because it means that the project has high cash inflows that would take a higher rate to discount to zero.
The decision rule is the pick a project that has a higher IRR than the firm's Required rate of return because it means that the NPV will be more than zero.
an entrepreneur worked in a certain industry for 8 years to generate the business idea to start his own enterprise the entrepreneur used his own
An entrepreneur utilized his own experience to develop the business concept to launch his own company after working in a certain field for 8 years.
Contrary to an entrepreneur who establishes a business from scratch, who starts a business using an idea or concept that already exists?An entrepreneur is a person who creates a business from an existing idea and sells goods and services to customers. Entrepreneur is a term used to describe a person who starts a company with a fresh idea or concept and engages in commercial activities.
What actions would a business owner that is actively seeking new possibilities take?Entrepreneurship is the activity of a person who is continually looking for new things and converting those ideas into lucrative prospects by accepting risk and uncertainty in the business.
Learn more about Entrepreneurship: https://brainly.com/question/31087040
#SPJ9
The complete question is:
An entrepreneur worked in a certain industry for 8 years to generate the business idea to start his own enterprise the entrepreneur used his own _______
Sebastian worked 24 hours last week. At a rate of $12 per hour, what was
Sebastian's gross pay? How to solve
Answer: Sebastian's gross pay was $288.
Explanation:
To calculate Sebastian's gross pay, you would multiply the number of hours he worked by his hourly rate. In this case, Sebastian worked 24 hours and his hourly rate was $12, so his gross pay would be 24 hours * $12/hour = $<<24*12=288>>288.
According to the box "Reaching Beyond Our Borders, Tesla was able to do the impossible feat of
Multiple Choice
opening up a new auto plant in China in under 18 months.
sending the first U.S. citizen to the moon.
building an electric bicycle that can be recharged on solar power.
building over 1 million vehicles each year.
Answer: Based on the information provided in the box “Reaching Beyond Our Borders,” the correct answer would be option A: opening up a new auto plant in China in under 18 months.
In the indicated time, Tesla indeed managed to complete the incredible achievement of opening a new auto manufacturing plant in China in under 18 months, a testament to their commitment to advancing the use of renewable energy and marking a significant expansion in their global presence.
Explanation:According to the box 'Reaching Beyond Our Borders', Tesla was able to accomplish the seemingly impossible feat of opening up a new auto plant in China in under 18 months. This accomplishment was striking as it signified a significant leap towards promoting sustainable energy on a global level, given Tesla's primary focus on electric vehicles. Meanwhile the options of - sending the first U.S. citizen to the moon, building an electric bicycle that can be recharged on solar power, and building over 1 million vehicles each year - do not correctly match the facts reportedly associated with Tesla's activities within the given timeframe.
Learn more about Tesla here:
https://brainly.com/question/33326451
#SPJ2
Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,100 on January 15, 2018. On December 31, 2020, she sold all 1,000 shares of her Ibis stock for $4,550. Based on a hot tip from her friend, she bought 1,000 shares of Ibis stock on January 23, 2021, for $3,025. What is Ms. Fresh's recognized loss on her 2020 sale, and what is her basis in her 1,000 shares purchased in 2021?a. $0 LTCL and $4,850 basis.b. $560 LTCL and $4,290 basis.c. $840 LTCL and $4,010 basis.d. $1,120 LTCL and $3,730 basis.e. $1,400 LTCL and $3,450 basis.
Answer:
LTCL = $0
Basis = $3,575
Explanation:
January 15, 2018, buy 1,000 shares at $5,100
December 31, 2020, sold 1,000 shares at $4,550
If Ms. Fresh hadn't repurchased the stock in January, she could have reported a long term capital loss of $550. But since she repurchased the 1,000 shares just after selling them, it is considered a wash sale.
So no long term capital loss will be recognized and the basis of the 1,000 stocks = $3,025 + $550 = $3,575
Financial aid letters show your aid and costs of attendance for _____.
Financial aid letters show your aid and costs of attendance for an academic year.
What is a financial aid letter?This is a letter that a tertiary institution gives to a student to show the cost of their attendance at the college they are currently enrolled in.
The period covered in the letter is the academic year which means that the costs associated with two semesters of attending the university will be shown to the student.
These costs will include things like tuition fees, room and board fees, transportation and other miscellaneous costs.
The letter will also include all the financial aids that the student may receive including federal grants, college grants, state grants, and federal loan options that a person may be eligible for.
In conclusion, financial aid letters show the costs of attendance in an academic year and the aid that comes with it.
Find out more on college financial aid at https://brainly.com/question/26499492
#SPJ1
what is business ?please explain about it
Answer: business can be defined as an organization dedicated to do commercial and professional activities.
Explanation:
The word business can also be defined as the activities and efforts that a person makes in order to produce money. To do this, the person creates products or sells services to obtain a reward.
Currently, many people are taking the line of entrepreneurship, where they put their own businesses and become their bosses. They themselves develop their model of how they are going to distribute and market the products or services they have so that they reach the population.
The business is something that comes from ancient times. Barter was a way of doing business since if a person was interested in something that another had, they proceeded to make an exchange.
In the two-country model of international labor mobility:________
A) the long-run equilibrium assumes countries' policies place significant restrictions on migration.
B) the long-run equilibrium assumes that desired migration exceeds actual migration.
C) the long-run equilibrium assumes that actual migration exceeds desired migration.
D) the long-run equilibrium is the result of a divergence of the real wages in the two countries.
E) the long-run equilibrium assumes that desired and actual migration are equal.
Outline and describe the different forms of Communication and further explain how they are important in an organization. Provide practical example to support your discussion.
La comunicación desempeña un papel fundamental en el funcionamiento de una organización, ya que permite la transmisión de información, ideas, instrucciones y retroalimentación entre los miembros del equipo. Existen varias formas de comunicación que se utilizan en un entorno organizacional. A continuación, describiré algunas de las formas más comunes:
Comunicación verbal: Es el uso de palabras habladas para transmitir información. Puede ser en forma de reuniones, conversaciones cara a cara, llamadas telefónicas o videoconferencias. La comunicación verbal es rápida y permite una interacción directa entre las personas, lo que facilita la clarificación de dudas y la resolución de problemas en tiempo real. Por ejemplo, durante una reunión de equipo, los miembros pueden discutir ideas, compartir actualizaciones y tomar decisiones conjuntas.
Comunicación escrita: Implica el uso de palabras escritas para transmitir información. Esto incluye correos electrónicos, mensajes de texto, informes, memorandos y documentos formales. La comunicación escrita es útil cuando se requiere un registro permanente de la información y proporciona la oportunidad de revisar y editar antes de enviar el mensaje. Por ejemplo, un gerente puede enviar un correo electrónico detallando las metas y objetivos del proyecto a su equipo para asegurarse de que todos estén al tanto de las expectativas.
Comunicación no verbal: Se refiere a la transmisión de información sin el uso de palabras. Incluye gestos, expresiones faciales, lenguaje corporal y tono de voz. A menudo, la comunicación no verbal puede transmitir emociones y actitudes que pueden complementar o contradecir el mensaje verbal. Por ejemplo, durante una presentación, el lenguaje corporal de un orador puede transmitir confianza y entusiasmo, lo que refuerza su mensaje.
Comunicación formal: Se lleva a cabo a través de canales oficiales y estructurados dentro de la organización. Esto incluye comunicaciones descendentes, como anuncios y políticas de la gerencia hacia los empleados, así como comunicaciones ascendentes, como informes de estado y retroalimentación de los empleados hacia los superiores. La comunicación formal es importante para establecer líneas claras de autoridad y responsabilidad, así como para garantizar la coherencia en la información transmitida.
Comunicación informal: Se produce a través de interacciones sociales no estructuradas entre los miembros de la organización. Esto puede incluir conversaciones informales en el lugar de trabajo, interacciones en las pausas para el café o discusiones en grupos de chat en línea. La comunicación informal es valiosa para fomentar la camaradería, construir relaciones y facilitar el intercambio de ideas no convencionales. Por ejemplo, en un entorno de trabajo abierto, los empleados pueden compartir ideas innovadoras durante una conversación informal en la sala de descanso.
La importancia de estas formas de comunicación en una organización radica en que permiten la colaboración efectiva, la toma de decisiones informada, la resolución de problemas, la coordinación de tareas y la creación de un ambiente de trabajo positivo. Una comunicación clara y efectiva evita malentendidos, reduce los errores, mejora la productividad y fortalece la cohesión del equipo.
Un ejemplo práctico podría ser una empresa de desarrollo de software. En este caso, la comunicación verbal sería esencial para que los miembros del equipo discutan los requisitos del proyecto, compartan actualizaciones diarias y resuelvan problemas en las reuniones diarias de puesta al día (stand-up meetings). La comunicación escrita sería crucial para documentar los requisitos, especificaciones técnicas y cronogramas del proyecto, así como para enviar correos electrónicos y mensajes de chat con actualizaciones y solicitudes de retroalimentación. La comunicación no verbal también tendría un papel importante, ya que el lenguaje corporal y las expresiones faciales en las reuniones ayudarían a transmitir confianza y apoyo entre los miembros del equipo. En cuanto a la comunicación formal, se utilizarían informes de estado y presentaciones formales para mantener a la alta dirección informada sobre el progreso del proyecto. Por último, la comunicación informal se daría en momentos de descanso, donde los empleados podrían discutir ideas, plantear desafíos y fomentar la creatividad en un ambiente más relajado
Answer:
There are several different forms of communication that are important in an organization. These include:
1. Verbal communication: This is the use of spoken words to convey a message. Verbal communication is important in an organization because it allows employees to communicate with each other and with customers. For example, a salesperson might use verbal communication to explain the features of a product to a customer. Another example is a team meeting where employees discuss project updates and share ideas.
2. Nonverbal communication: This is the use of body language, gestures, and facial expressions to convey a message. Nonverbal communication is important in an organization because it can convey emotions, attitudes, and intentions. For example, a manager might use nonverbal communication to show approval or disapproval of an employee's performance. Another example is a job interview where the interviewer might use nonverbal communication to assess the candidate's confidence and professionalism.
3. Written communication: This is the use of written words to convey a message. Written communication is important in an organization because it provides a permanent record of communication. For example, an email can be used to communicate project updates, deadlines, and other important information. Another example is a report that summarizes the results of a project.
4. Visual communication: This is the use of images, graphs, and other visual aids to convey a message. Visual communication is important in an organization because it can help to simplify complex information and make it easier to understand. For example, a chart can be used to show sales trends over time. Another example is a video that demonstrates how to use a product.
All of these forms of communication are important in an organization because they allow employees to share information, ideas, and feedback. Effective communication can also help to build trust and relationships between employees, customers, and partners. For example, if a customer has a positive experience with a salesperson, they are more likely to return to the organization in the future.
A practical example of the importance of communication in an organization is a team project. Effective communication is essential for the success of the project. Team members need to be able to communicate their ideas, concerns, and progress to each other in order to stay on track and meet deadlines. This might involve verbal communication in team meetings, written communication in project reports, and visual communication in presentations. Without effective communication, the project is likely to fail.
What is generally TRUE about deductibles in insurance policies?
A.
With a $500 deductible, the insurer pays the first $500 of any claim.
B.
Deductibles apply for every quarter of the year (every three months.)
C.
Policies with higher deductibles have extremely high premiums.
D.
Policies with lower deductibles have higher premiums.
Answer:
Answer is C.
Explanation:
I took the test already.
The Statement which is Tue about deductibles in insurance policies is Policies with lower deductibles have higher premiums. Thus the correct answer is D.
What is Insurance?Insurance is referred as a kind of assurance or protection against the risk that can occur in future events by paying some amount to take the policy to safeguard from any kind of damages.
Insurance helps to recover the occurred loss caused to policyholders by compensating them with the amount as per the policy on which they paid premiums.
The amount of the money you should expect to be paid toward an individual policy is referred to as deductibles. It helps the money of both the insurance company as well as lower the premium amount.
According to the policy of Deductibles in insurance policy, the higher premium has lower deductibles whereas lower premiums have higher deductibles.
Therefore, option D is appropriate.
Learn more about insurance, here:
https://brainly.com/question/19053875
#SPJ5
Mariah was appointed to a two-year term on Garden City’s planning board. She’s looking forward to meeting her fellow board members and working collaboratively on issues that affect their town. She’s been told that the first order of business is a revision of the document that outlines the community’s long-term needs and provides guidance on capital budgeting for those needs. What is this document called?
Mariah was appointed to the Garden City Planning Board for a two-year term. The first item of business, she's been instructed, is to revise the document that specifies the community's long-term needs and gives recommendations on capital spending for those needs. This paper is known as the Comprehensive Master Plan.
What is the purpose of a comprehensive plan?A comprehensive plan is a document created for a city, county, or specific region that sets an overarching plan and recommended activities for the area's current and future needs.
A comprehensive plan also known as a "master plan," "general plan," or "community plan" is a long-term planning document that communicates a community's overarching vision, goals, objectives, policies, and strategies for future expansion (or smart contraction), development, and preservation.
Learn more about the comprehensive plan here:
https://brainly.com/question/10586540
#SPJ1
In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 400 units at $7 on January 1, (2) 600 units at $10 on January 8, and (3) 930 units at $11 on January 29. Assume 1,130 units are on hand at the end of the month. Calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the (a) FIFO, (b) LIFO, and (c) weighted average cost flow assumptions. Assume perpetual inventory system and sold 800 units between January 9 and January 28. (Round your intermediate calculations to 2 decimal places.)
Answer:
(a) FIFO
Cost of Goods Sold = $6,800
Ending Inventory = $12,230
(b) LIFO
Cost of Goods Sold = $7,400
Ending Inventory = $11,630
(c) weighted average cost
Cost of Goods Sold = $7,040
Ending Inventory = $11,990
Explanation:
Perpetual inventory method ensures that cost of sales and inventory value is determined after each and every transaction.
FIFO
This method assumes that the units to arrive first, will be sold first. This means the cost of sales is based on the earlier (old) prices and inventory valuation is based on recent (later) prices.
Cost of Goods Sold = 400 x $7 + 400 x $10 = $6,800
Ending Inventory = 200 x $10 + 930 x $11 = $12,230
LIFO
This method assumes that the units to arrive last , will be sold first. This means the cost of sales is based on the recent (later) prices and inventory valuation is based on earlier (old) prices.
Cost of Goods Sold = 600 x $10 + 200 x $7 = $7,400
Ending Inventory = 200 x $7 + 930 x $11 = $11,630
Weighted Average Cost Method
A new unit cost is calculated with each and every purchase made. This new unit cost is then used to determine the cost of goods sold and the value of inventory.
New Unit Cost - 8 jan = (400 x $7 + 600 x $10) ÷ 1,000 = $8.80
New Unit Cost - 29 jan = (200x $8.80 + 930 x $11) ÷ 1,130 = $10.61
therefore,
Cost of Goods Sold = 800 x $8.80 = $7,040
Ending Inventory = 1,130 x $10.61 = $11,990
Unilever Incorporated recently developed a new body wash with a scent of ginger. Their research indicates that 30% of men like the new scent. To further investigate, Unilever’s marketing research group randomly selected 15 men and asked them if they liked the scent.
What is the probability that six or more men like the ginger scent in the body wash?
In the given problem, the probability that six or more men like the ginger scent in the body wash is approximately 0.342.
How to Calculate the Probability?This problem can be modeled as a binomial distribution with n = 15 trials and p = 0.3 probability of success (liking the scent).
We want to find the probability of 6 or more men liking the ginger scent, which can be expressed as:
P(X ≥ 6) = P(X = 6) + P(X = 7) + ... + P(X = 15)
where X is the number of men who like the scent.
Using the binomial probability formula, we can calculate the probability of each individual outcome:
P(X = k) = (n choose k) * p^k * (1 - p)^(n - k)
where (n choose k) is the binomial coefficient, which represents the number of ways to choose k items out of n without regard to order.
Therefore, we can calculate the probability of each outcome as follows:
P(X = 6) = (15 choose 6) * 0.3^6 * 0.7^9 = 0.1886
P(X = 7) = (15 choose 7) * 0.3^7 * 0.7^8 = 0.0885
P(X = 8) = (15 choose 8) * 0.3^8 * 0.7^7 = 0.0325
P(X = 9) = (15 choose 9) * 0.3^9 * 0.7^6 = 0.0093
P(X = 10) = (15 choose 10) * 0.3^10 * 0.7^5 = 0.0021
P(X = 11) = (15 choose 11) * 0.3^11 * 0.7^4 = 0.0004
P(X = 12) = (15 choose 12) * 0.3^12 * 0.7^3 = 0.0001
P(X = 13) = (15 choose 13) * 0.3^13 * 0.7^2 ≈ 0
P(X = 14) = (15 choose 14) * 0.3^14 * 0.7^1 ≈ 0
P(X = 15) = (15 choose 15) * 0.3^15 * 0.7^0 ≈ 0
Note that P(X = 13), P(X = 14), and P(X = 15) are approximately zero because it is highly unlikely that 13 or more men will like the scent out of 15.
Finally, we can add up the probabilities of the desired outcomes:
P(X ≥ 6) = P(X = 6) + P(X = 7) + ... + P(X = 15) ≈ 0.342
Therefore, the probability that six or more men like the ginger scent in the body wash is approximately 0.342.
Learn more about probability here: https://brainly.com/question/24756209
#SPJ1