wildhorse supply does not segregate sales and sales taxes at the time of sale. the register total for march 16 is $10,706. all sales are subject to a 6% sales tax. (a1) compute sales taxes payable. sales taxes payable $enter sales taxes payable in dollars
Answers
A sales tax is a fee that is paid to the government when specified goods and services are sold. Typically, laws permit the vendor to charge the customer the tax at the time of purchase. Use taxes are typically used to describe taxes on goods and services that consumers pay directly to a governing authority.
What is the sale tax formula?
Total Sales Tax = Cost of Item x Sales Tax Rate is the formula used to determine sales tax.
What are the sales taxes payable here?
Sales tax payable= Total amount * sales tax rate/100+ sales tax rate
= $10, 388 *6%/100%+ 6%
= $10,706 *6/106
$606
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Related Questions
When business processes are not on target, we can choose different approaches to fix the problem. If the company is not concerned with cost or much lower-level employee input and decides to take a radical approach that involves a high risk and a lot of time, which approach have they decided to use?
Answers
Answer:
Business Process Reengineering (BPR).
Explanation:
In Business Process Reengineering (BPR), when business processes are not on target, we can choose different approaches to fix the problem. If the company is not concerned with cost or much lower-level employee input and decides to take a radical approach that involves a high risk and a lot of time, we can conclude that it has used the Business Process Reengineering (BPR).
Hence, Business Process Reengineering (BPR) is a strategic approach to evaluating and designing business processes and workflow in order to successfully achieve organizational set goals and objectives in product quality and output.
Whole Fruits Market took the following actions to improve internal controls. For each of the following actions, select the internal control principle the company followed. a. Prohibit the recordkeeper to have control over cash. b. Purchased an insurance (bonding) policy against losses from theft by a cashier. c. | Each cashier is designated a specific cash drawer and is solely responsible for cash in that drawer. d. Detailed records of inventory are kept to ensure items lost or stolen do not go unnoticed e. Digital time clocks are used to register which employees are at work at what times. f. External auditors are regularly hired to evaluate internal controls g. Employees requesting purchases of inventory cannot approve payment for that inventory h. Personal ID cards are used to limit access to only authorized employees. i The company's internal auditors frequently assess the performance of internal controls j. To ensure equipment theft does not go undetected, detailed accounting records are kept. Apply technological controls Divide responsibility for related transactions timesEstaish responsibilities Insure assets and bond key employees Maintain adequate records Perform reqular and independent reviews
Answers
Separate authorization and recordkeeping functions:
a. Separate authorization and recordkeeping functions
b. Insure assets and bond key employees
c. Divide responsibility for related transactions
d. Maintain adequate records
e. Perform regular and independent reviews
f. Perform regular and independent reviews
g. Separate authorization and recordkeeping functions
h. Separate authorization and recordkeeping functions
i. Perform regular and independent reviews
j. Maintain adequate records
a. Divide responsibility for related transactions - By prohibiting the recordkeeper to have control over cash, the company is dividing responsibility for related transactions.
b. Insure assets and bond key employees - By purchasing an insurance (bonding) policy against losses from theft by a cashier, the company is insuring assets and bonding key employees.
c. Divide responsibility for related transactions - By assigning each cashier a specific cash drawer and having them be solely responsible for cash in that drawer, the company is again dividing responsibility for related transactions.
d. Maintain adequate records - By keeping detailed records of inventory, the company is maintaining adequate records.
e. Establish responsibilities - By using digital time clocks to register which employees are at work at what times, the company is establishing responsibilities.
f. Perform regular and independent reviews - By hiring external auditors to evaluate internal controls, the company is performing regular and independent reviews.
g. Divide responsibility for related transactions - By having employees requesting purchases of inventory unable to authorize payment for that inventory, the company is again dividing responsibility for related transactions.
h. Apply technological controls - By using personal ID cards to limit access to only authorized employees, the company is applying technological controls.
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marcia strongly believes that loyalty in a relationship is very important. at her job, she is a purchasing agent. what two sets of ethical standards are in conflict for marcia
Answers
Answer: “Personal and organized” is the answer you’re looking for
Explanation: got it right on A PEX
Which of the following is a list of assets?
A.cash, accounts payable, inventory, furniture
B.cash, accounts receivable, inventory, furniture
C.cash, bank loan, inventory, furniture
D.cash, accounts receivable, inventory, owner's equity
Answers
who is johnny sins?
A - a doctor
B -dentist
C -firefighter
Answers
Answer:
A-doctor
Explanation:
Scientific management is the study of work methods to improve the productivity of _____.
A.accounting practices
B.the supply chain
C.individual workers
D.external vendors
Answers
Answer:
C. Individual workers
Explanation:
Farley Inc. has perpetual preferred stock outstanding that sells for $34.00 a share and pays a dividend of $4.00 at the end of each year. What is the required rate of return? Round your answer to two decimal places. ______%
Answers
To calculate the required rate of return, we can use the following formula:
Required Rate of Return = Annual Dividend / Stock Price
In this case, the annual dividend is $4.00, and the stock price is $34.00. So we can plug these values into the formula:
Required Rate of Return = $4.00 / $34.00
Required Rate of Return = 0.1176
Multiplying by 100 to convert to a percentage, the required rate of return is 11.76%.
This means that investors in Farley Inc.'s perpetual preferred stock expect to earn a return of 11.76% on their investment.
If the company fails to meet this expectation, the stock price could decrease as investors sell their shares.
The required rate of return is an important metric that helps investors determine whether a stock is a good investment.
If the required rate of return is higher than the expected return from the stock, it may not be a good investment.
Conversely, if the required rate of return is lower than the expected return, the stock may be undervalued and could be a good investment opportunity.
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during november, total actual direct labor for november were $37,800. taskmaster manufactured 19,000 units of product during november using 5,000 direct labor hours. what is the direct labor rate variance for november?
Answers
The actual direct labor rate per hour is not provided in the given information, so it is not possible to determine the exact direct labor rate variance without that information.
The direct labor rate variance measures the difference between the actual direct labor cost and the standard direct labor cost per hour. To calculate the direct labor rate variance, we need to compare the actual direct labor cost to the standard direct labor cost.
In this case, the total actual direct labor cost for November is given as $37,800. The actual number of direct labor hours used to manufacture 19,000 units is stated as 5,000 hours.
To determine the standard direct labor cost per hour, we divide the total actual direct labor cost by the actual number of direct labor hours:
Standard direct labor cost per hour = Total actual direct labor cost / Actual number of direct labor hours
Standard direct labor cost per hour = $37,800 / 5,000 hours
Standard direct labor cost per hour = $7.56 per hour
The direct labor rate variance is calculated as the difference between the standard direct labor cost per hour and the actual direct labor rate per hour, multiplied by the actual number of direct labor hours:
Direct labor rate variance = (Standard direct labor cost per hour - Actual direct labor rate per hour) × Actual number of direct labor hours
However, the actual direct labor rate per hour is not provided in the given information, so it is not possible to determine the exact direct labor rate variance without that information.
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Which of the following statements best characterizes the O*NET view of how greening is changing the
United States economy? (BRAINLIEST if you answer)
The demands of a greening economy will affect different occupations in different ways.
Everyone's jobs will be different as green technology chapges everything,
A greening economy will primarily demand that existing jobs adapt to new approaches,
The primary change a greening economy will create is the demand for entirely new jobs.
Answers
Answer:
The demands of a greening economy will affect different occupations in different ways.
Explanation:
just did it.
The O*NET view of how greening is changing the United States economy is best characterizes as The demands of a greening economy will affect different occupations in different ways. Thus the correct option is A.
What is the economy?The economy of any country is determined by the ratio of production and consumption that takes place within a year and evaluates the flow of funds in the market by analyzing the purchasing parity of an individual.
An existing O*NET's job and labor requirements significantly change as a result of the influence of green economy activities and technologies giving more opportunities.
The Green Economy was described by the O*NET study as "commercial activity related to lowering the number of fossil fuels, decreasing pollution, and reducing greenhouse gases that are present in the environment and have an impact on human life.
Therefore, option A is appropriate.
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which of the following affect the expected rate of return for a portfolio? i. weight of each security held in the portfolio ii. the probability of various economic states occurring iii. the variance of each individual security iv. the expected rate of return of each security given each economic stat
Answers
The portfolio's weighted average of each security, the likelihood of different economic conditions, Each security's predicted rate of return, given the current economic climate, has an impact on the portfolio's anticipated rate of return.
Explain about the portfolio?A portfolio is an assortment of financial investments such as stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs). Most people think that the three main components of a portfolio are stocks, bonds, and cash.
A portfolio is a group of investments that may consist of stocks, bonds, cash, and other assets. It's normal to invest in various asset classes, like commodities, bonds, and stocks, but your portfolio is made up of all of these assets.
Process, product, and showcase are the three categories of portfolios. Despite the fact that each type is tailored to a specific audience, they all feature a developer, purpose, targeted audience, and reflection part.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
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When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Tammy is the owner of British Brushes. Due to the price of paint, she has to raise the prices of her painting classes. What curve is affected and what determinant caused this change?
a. The Supply Curve shifted to the Left because the cost of inputs increased.
b. The Demand Curve shifted to the Right because of the change in consumer income
c. The Supply Curve shifted to the Right because the cost for new technology decreased
Answers
In a condition where Tammy has to increase the prices for her painting classes, the supply curve will show a shift to the left because the input costs also saw a rise. Therefore, the option A holds true.
What is the significance of input costs?Input costs can be referred to or considered as costs that are associated with the production of goods or services for a firm in the economy. A business can not grow or sustain without incurring input costs. When input costs for a firm increase, the supply curve of an economy shifts to the left.
In the above condition, when prices of paint increase, it also leads to an increase in the input costs for Tammy, and as a result of the same, the supply curve shows a shift towards the left.
Therefore, the option A holds true and states regarding the significance of input costs of British Brushes.
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What type of material is a land resource in the production process?
Answers
Everything that derives from the land, including all natural resources needed to create goods and services, is referred to as "land." Natural resources such as water, oil, copper, natural gas, coal, and forests are examples of common land. The production process uses land resources as its raw materials.
What is production process?Industrial processes are actions that involve chemical, physical, electrical, or mechanical phases to help with the production of an object or things, typically done on a very large scale. The foundation of heavy industry is industrial processes. In order to offer consumers with goods and services, a production process is a way of using economic input or resources, such as labour, expensive machinery, or land. A production process typically entails all the processes a facility might take to establish production quotas, develop and assemble products, and then distribute them to clients or independent retailers. Various manufacturing methods and procedures, such as 3D printing, joining, or casting, may be included.To learn more about production process, refer to:
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Assume that one year ago, you bought 260 shares of a mutual fund for $19 per share and that you received an income dividend of $0.14 cents per share and a capital gain distribution of $0.24 cents per share during the past 12 months. Also assume the market value of the fund is now $15 a share. Calculate the total return for this investment if you were to sell it now.
Answers
Answer:
The ROI is 1040.38 with Distributions and Dividends included if you sell it now.
Explanation:
\(260*19=$4940, cost is $4940\\0.14+0.24=0.38 \ in\ distributions/dividends\\260*15=3900, sale\ price \ is 3900\\(4940-3900)+0.38=1040.38\)
Hope this helped!
Edit: This answer doesn't account for any fees, since you didn't list any fees. The only mutual funds that I know of without fees are index funds run by big financial institutions.
Someone who sells milk can report their inventory using LIFO
-True
-False
Answers
True. Someone who sells milk can report their inventory using LIFO (Last In, First Out) method. This method assumes that the last items added to the inventory are the first ones to be sold.
Here are some points to elaborate on the statement that someone who sells milk can report their inventory using the LIFO method:
Matching cost of goods sold: The LIFO method assumes that the cost of the most recently acquired or produced inventory items is matched against the revenue from sales.
This means that if someone is selling milk, the cost of the most recent purchases of milk would be used to calculate the cost of goods sold (COGS), which is the cost of the inventory items that have been sold during a specific period, such as a month, quarter, or year.
This can result in a higher COGS, as the most recent inventory items are likely to have higher costs due to inflation or other factors.
Tax implications: One of the reasons why some businesses, including those that sell milk, may choose to use the LIFO method for inventory valuation is its potential tax advantages.
In periods of rising prices, the use of LIFO can result in lower taxable income and, consequently, lower tax liabilities. This is because the COGS calculated using the LIFO method tends to be higher, which reduces the gross profit and taxable income.
However, it's important to note that the use of LIFO for tax purposes is subject to specific rules and regulations, and businesses need to carefully consider their specific circumstances and consult with tax professionals to ensure compliance with tax laws.
Record-keeping requirements: When using the LIFO method, businesses need to maintain detailed records of inventory purchases and sales to accurately calculate COGS and comply with accounting standards.
This includes keeping track of the purchase dates, quantities, and costs of inventory items, as well as the corresponding sales and revenue data. Proper record-keeping is crucial to ensure the accuracy and reliability of financial statements and to provide evidence in case of audits or reviews by tax authorities or other stakeholders.
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Exercises 10-37 - Page 325 (5 points) Respond to the following statement: "Our organization has key performance indicators that measure financial and nonfinancial performance, including customer satisfaction, product and service quality, cost, revenues, and employee satisfaction. We therefore have a balanced scorecard approach." Exercises 10−40 - Page 325 (5 points) Discuss whether the balanced scorecard strategy map approach is a performance measurement system, a management system, or both. Exercises 10-45-Page 326 (10 points) Develop a balanced scorecard that the dean of the college could use to evaluate the college's operations. Be specific and indicate the purpose of each balanced scorecard measure.
Answers
"Our organization has key performance indicators that measure financial and nonfinancial performance, including customer satisfaction, product and service quality, cost, revenues, and employee satisfaction. We therefore have a balanced scorecard approach."
Response: It appears that the organization described in the statement has implemented a balanced scorecard approach. The balanced scorecard is a strategic management framework that combines both financial and nonfinancial measures to assess performance and align it with strategic objectives. By including indicators that measure financial performance (cost, revenues) and nonfinancial performance (customer satisfaction, product and service quality, employee satisfaction), the organization is adopting a balanced scorecard approach, which aims to provide a comprehensive view of performance.
Regarding the balanced scorecard strategy map approach, it can be considered both a performance measurement system and a management system. Here's an explanation of each:
Performance measurement system: The balanced scorecard strategy map provides a structured framework for defining and tracking key performance indicators (KPIs) across different perspectives (financial, customer, internal processes, learning and growth). It enables the organization to measure and evaluate its performance against targets and objectives, providing valuable insights into the organization's overall performance.
Management system: The balanced scorecard strategy map also serves as a management system by providing a visual representation of the organization's strategic objectives and the cause-and-effect relationships between different perspectives. It helps align various departments and individuals toward achieving strategic goals, facilitates effective communication and coordination, and guides decision-making and resource allocation.
Now, let's develop a balanced scorecard that the dean of the college could use to evaluate the college's operations. Here are some specific measures for each perspective:
1. Financial Perspective:
- Increase revenue from tuition and grants: This measure reflects the financial sustainability and growth of the college.
- Control and reduce operating expenses: Evaluates the efficiency and cost management of the college.
- Improve financial aid utilization: Assesses the effectiveness of financial aid programs.
2. Customer Perspective:
- Student satisfaction index: Measures the overall satisfaction of students with academic programs and services.
- Employer satisfaction index: Evaluates the satisfaction of employers with the quality and preparedness of graduates.
- Alumni engagement index: Measures the level of engagement and support from college alumni.
3. Internal Processes Perspective:
- Curriculum development efficiency: Assesses the effectiveness and efficiency of curriculum design and development processes.
- Student retention rate: Measures the ability to retain enrolled students and ensure their progress towards graduation.
- Faculty-to-student ratio: Evaluates the ratio of faculty members to students to ensure an optimal learning environment.
4. Learning and Growth Perspective:
- Faculty development index: Measures the investment in faculty training and development programs.
- Student enrollment in advanced programs: Evaluates the participation of students in advanced degree programs.
- Technological infrastructure advancement: Assesses the improvement and utilization of technology in supporting learning and operations.
The purpose of each measure is to provide a balanced evaluation of the college's performance across various aspects. The balanced scorecard enables the dean to assess financial performance, customer satisfaction, internal process efficiency, and the college's capacity for learning and growth, helping to drive improvement and alignment with strategic goals.
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Ava has a large inventory of electric generators in a database table. Her boss asked her to create a
table of 100 to 500 kilowatt generators that can also be used during freezing weather. How can Ava
use this table to create a promotion for their customers?
Answers
As the existing customer of the company is concern, the list of individual of the database can be incentivized either by sales discount or gift during their next purchase of generator in the company.
What is Promotion in marketing?In marketing, a promotion refers to an form of communication, contact or action aimed at influencing people to buy more of their products or services.
In conclusion, as the existing customer of the company is concern, the list of individual of the database can be incentivized either by discount or gift on their next purpose of generator in the company.
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Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and
services. In this case, gold is functioning as an) (1 point)
Answers
The willingness of others to accept gold as a valid payment for goods and services made gold a medium of exchange. In other words, gold was used to facilitate commercial exchanges when these became more developed.
Money has changed and developed over time, it has always been used to make business practices more simplified and standardized.
Some examples of the use of a medium of exchange were salt, which was a rare mineral that was offered in trade, hence the word salary.
Therefore, gold began to be used as a means of exchange from the need to use coins with greater durability.
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increasingly consumers are using social media to voice complaints that have not been resolved through other means. how are organizations responding to social media complaint? deleting unfriendly posts adding non-disparagement clauses in consumer contracts increasing the legal staff in the organization zeroing in one statement that is not true and ignoring the rest.
Answers
The way organizations respond to consumer complaints is to collect the complaints they feel. then the organization can hold internal meetings to find solutions to the problems at hand.
Every customer-oriented organization needs to provide opportunities and easy and convenient access for its customers to submit their suggestions, criticisms, opinions, and complaints. Complaints are one part of the negative expression that results from the fact that reality does not match one's wishes. Consumer complaint behavior is a term that includes all the different actions consumers take when they are dissatisfied with a purchase or service.
Complaint categories are classified into four, namely:
a. Mechanical Complaints This type of complaint is caused by an error that occurs in the equipment in the restaurant. For example, a dead light in a restaurant, a broken table or chair, or an air conditioner that is not cold.
b. Attitudinal Complaint Types of complaints caused by staff or employees having a bad attitude in serving customers.
c. Service – Related Complaints This type of complaint is caused by poor service provided in a restaurant. For example, waiting too long for food or drinks that have been ordered, unavailability of cutlery on the table, and others.
d. Unusual Complaints Customers can also complain because there is no special room for non-smokers or because of the uncomfortable atmosphere in the restaurant.
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Why do you think banks have such widely varying policies on overdraft fees?
Answers
Answer:
Banks have alot of varying policies to feed the sutiaion for different people. Varying policies allow banks to charge people for varying reason that fits them.
Explanation:
Some banks treat their customers better than others, which explains why banks' overdraft policies vary so widely. Some banks require the funds generated by overdraft fees because banks exist to make money.
Why are overdraft fees charged by banks?Overdraft fees may be viewed as a way for financial institutions to be compensated for the risk they assume by allowing users to make purchases with money they do not currently have. It also helps banks because these fees are a significant source of revenue for many financial institutions. Overdraft fees for customer accounts are being reduced or eliminated as a result of increased competition. The bill limits the number of overdraft fees that can be charged to a consumer each month and year, and it requires that such fees be reasonable. The bill prohibits charging an overdraft coverage fee if the overdraft is caused solely by a debit hold amount that exceeds the transaction's actual dollar amount.To lean more about overdraft fees, refer to:
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Why is it important to be held accountable for your actions?
3 sentences
Answers
which is a list of pages that will be included in a website?
Answers
Answer:
car max
Explanation:
1. Homepage
The homepage is where all the action happens on your site. It’s the first thing visitors see, and it determines if an individual will browse around or say goodbye.
When crafting your homepage, you must think from the customer’s perspective. From navigation bars to images to copy, you control your visitors’ first impression.
Visitors should clearly understand the objective of your homepage in just a few seconds. You want them to see your logo with a visible call-to-action button.
CarMax implements this strategy flawlessly with simple copy and a self-explanatory header photo. Both new visitors and returning customers get user-friendly directions.
About Page. The About page is an opportunity to elaborate on your brand's vision and accomplishments. ...
Products or Services Page. The products and services page is the crux of most websites. ...
Blog Page. ...
Contact Page.
through the use permission marketing programs, customers are allowed to select the type of communications companies can make with them, and even choose to be completely eliminated from both e-mail and traditional mailing lists through the use permission marketing programs, customers are allowed to select the type of communications companies can make with them, and even choose to be completely eliminated from both e-mail and traditional mailing lists true false
Answers
True. Through permission marketing programs, customers have the ability to control and select the type of communications they receive from companies.
They can choose their preferences and opt-in to specific communication channels or topics of interest. Additionally, customers have the option to opt-out or be removed from both e-mail and traditional mailing lists if they no longer wish to receive any communications from the company.
Permission marketing respects the customer's choice and allows for a more personalized and targeted approach to marketing communications.
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Carmen opens a retail store. Her sales during the first year are $600,000, of which $30,000 has not been collected at year-end. Her purchases are $400,000. She still owes $20,000 to her suppliers, and at year-end she has $50,000 of inventory on hand. She incurred operating expenses of $160,000. At year-end she has not paid $15,000 of the expenses.
a. Compute her net income from the business assuming she elects the accrual method.
b. Compute her net income from the business assuming she elects the cash method.
c. Would paying the $15,000 she owes for operating expenses before year-end change her net income under the accrual method of reporting? Under the cash method?
Answers
a. Under the accrual method, Carmen's net income would be calculated as follows:
Sales: $600,000
Less: Cost of goods sold ($400,000 - $50,000) = $350,000
Gross profit: $250,000
Less: Operating expenses: $160,000
Net income: $90,000
Note that the $30,000 of uncollected sales and the $20,000 owed to suppliers do not affect net income under the accrual method, as they are recognized when the transaction occurs, not when the cash is received or paid.
b. Under the cash method, Carmen's net income would be calculated as follows:
Cash sales: $600,000 - $30,000 = $570,000
Less: Cash purchases: $400,000 - $20,000 = $380,000
Gross profit: $190,000
Less: Cash operating expenses: $160,000 - $15,000 = $145,000
Net income: $45,000
Note that under the cash method, only cash transactions are recognized, so the uncollected sales, unpaid purchases, and unpaid expenses are not included in the calculation of net income.
c. Paying the $15,000 of operating expenses before year-end would not change Carmen's net income under the accrual method, as the expenses are recognized when they are incurred, not when they are paid. However, it would reduce her net income under the cash method by $15,000, as the expenses are recognized when they are paid.
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if you deposit $100 into a savings account which compound interest every month at a 5 % yearly interest rate, what is the expression for the amount of
Answers
The interest earned after two years $70.28177.
This is the foremost basic variety of account you'll be able to open at any bank. A savings account, by definition, permits you to deposit your cash, safe with the bank, thus you do not have to be compelled to carry it around with you or hide it in this rusty recent steel safe reception. don't fret, you'll be able to withdraw these funds after you want them.
The interest rate is that the quantity a loaner charges a receiver and could be a share of the principal—the quantity loaned. The charge per unit on a loan is usually noted on an annual basis referred to as the annual share rate (APR).
The question is incomplete, find the complete question here
if you deposit $100 into a savings account which compound interest every month at a 5 % yearly interest rate, what is the expression for the amount of the interest earned after two years?
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A product's price will increase the most if:
Answers
Answer:
Demand is high and if the manufacturing prices increase
Explain Canada’s Economic System, please I really need help, this is do in an hour
Answers
Answer:
he economy of Canada is a highly developed mixed-market economy. It is the 8th-largest GDP by nominal and 15th-largest GDP by PPP in the world. As with other developed nations, the country's economy is dominated by the service industry which employs about three quarters of Canadians.
Explanation: Maybe reword it slightly but there ya go :)
A utility payment is an example of a ____ expense
Answers
It is a cost-consumed expense. A utility payment is an example of a cost-consumed expense. The accounting treatment for utility expenses incurred by a company in manufacturing operations is considered part of its factory overhead.
What are Utility Expenses?Utility expenses are the costs consumed in a reporting period related to electricity, heat, sewer, and water. Sometimes they are also associated with expenditures for ongoing telephone and internet service.
Thus, the utility expense is a cost-consumed expense. Such expenses are using electricity, heat, and water supply.
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if consumer confidence rises because of strong job growth in an economy, what is likely to happen to the rate of savings?
Answers
The rate of savings is likely to decrease as people become more willing to spend their money due to their increased confidence in the economy.
On the subject of savings, economists disagree. Saving money is viewed by many economists as a personal virtue but a social fault. This is due to the fact that if everyone started saving, spending would decrease. This trend was probably partly caused by those who could afford to save choosing to hoard their money in preparation of future hard times. One of the best ways to alleviate economic problems, both on a personal and a societal level, is to keep a healthy savings rate. As they can earn higher rates of return, individuals may increase their savings when interest rates rise. The marginal tendency to save illustrates this.
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please help (;´༎ຶٹ༎ຶ`)
