The events would cause a movement downward and to the left, along the supply curve for kiwis The price of kiwis falls. Thus the correct option is D.
What is the supply curve?A representation of the association between a shift in the price of a product or service and the quantity that a seller supply is called a supply curve. It indicates that if the price rises the quantity will be decrease of any product.
The declining trend is a reminder of how supply regularly rises when the cost of production decrease. As prices rise, all consumers will desire fewer due to the downward-sloping nature of the market demand.
Therefore, option D is appropriate.
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The complete question is Probably
Which of the following events would cause a movement downward and to the left along the supply curve for kiwis?
a.
The number of sellers of kiwis decreases.
b.
There is a destruction of technological machinery that increases the cost of producing kiwis.
c.
The price of soil increases, and soil is an input in the production of kiwis .
d.
The price of kiwis falls.
Questions are attached
Hobbies are activities you engage in.
What is the meaning of Hobbies?A habitual activity performed for enjoyment, usually in one's free time, is referred to as a hobby. Hobbies can be anything from playing sports to participating in creative and artistic endeavors to collecting themed products and artifacts.
A hobby is something you do for enjoyment. Hobbies are things you do on the side, usually unpaid and not professionally.
A regular, enjoyable activity that is carried out during one's free time is referred to as a hobby. Hobbies might include playing sports, participating in creative and artistic endeavors, collecting themed products, and other forms of entertainment.
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Select the correct answer from the drop-down menu.
Which type of college credit program does the statement describe?
The (blank) must take at the end of the course.
program is one of the more common ways to get college credit in high school. It includes an exam that you
A. international baccalaureate
B. Advance placement
C. Dual credit
D. articulated credit
Answer:
Advance placement
Which one of the following is a way to improve the S/Q rating of branded pairs produced at a particular production facility? Striving to maximize the use of overtime and thereby increase worker satisfaction with their take-home pay Increasing per model expenditures for enhanced styling/features Increasing the incentive pay per non-defective pair offered to production workers Increasing efforts to reduce reject rates Avoiding bidding for contracts to supply private-label footwear to chain retailers, which O damages the company's image as a producer of top quality footwear Copying, redistrbuting, or website posting is expressly prohibited and constitutes copyright violation
A way to improve the S/Q rating of branded pairs produced at a particular production facility is increasing per model expenditures for enhanced styling/features. The Option B is correct.
What is the use of S/Q rating and its importance?This rating is significant the branded pairs produces Quality and Style of products, with higher being better and attracting more customers, making it easier to sell because of higher quality and better style. As a result, we can raise our prices, sell more, increase our market share, and improve our image rating.
So, while a high S/Q is desirable, we must spend more and thus pay more. We need to make the best decisions possible, so toggle to see the most optimal Cost of Branded Pairs, as shown at the bottom of the screen.
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Which of the following is not one of the ways that the corporate income tax is indirectly paid by individuals?
a.As investors in the corporation from lower dividends
b.As owners of the corporation from lower dividends
c.As employees of the corporation
d.On the corporate tax return to the IRS
e.As customers of the corporation in higher prices
D) On the corporate tax return to the IRS is not one of the ways that the corporate income tax is indirectly paid by individuals.
The corporate income tax is a tax on the profits earned by a corporation, and the burden of this tax is ultimately borne by various stakeholders, including shareholders, customers, employees, and suppliers.
Investors in the corporation may receive lower dividends due to the reduction in profits caused by the corporate income tax, and this is one way in which individuals may indirectly pay the tax. Similarly, owners of the corporation may also receive lower dividends, which can be viewed as a reduction in their income.
Employees of the corporation may also indirectly bear the burden of the corporate income tax if the corporation reduces employee wages or benefits to compensate for the tax. Finally, customers of the corporation may face higher prices for goods and services as a result of the corporate income tax, as the corporation may pass on some or all of the tax to customers in the form of higher prices.
Camden Biotechnology began operations in September 2021. The following selected transactions relate to liabilities of the company for September 2021 through March 2022. Camden’s fiscal year ends on December 31. Its financial statements are issued in April.2021a. On September 5, opened checking accounts at Second Commercial Bank and negotiated a short-term line of credit of up to $27,000,000 at the bank's prime rate (12.5% at the time). The company will pay no commitment fees.b. On October 1, borrowed $24 million cash from Second Commercial Bank under the line of credit and issued a five-month promissory note. Interest at the prime rate of 12% was payable at maturity. Management planned to issue 10-year bonds in February to repay the note.c. Received $2,400 of refundable deposits in December for reusable containers used to transport and store chemical-based products.d. For the September–December period, sales on account totaled $4,950,000. The state sales tax rate is 3% and the local sales tax rate is 3%. (This is a summary journal entry for the many individual sales transactions for the period.)e. Recorded the adjusting entry for accrued interest.2022f. In March, paid the entire amount of the note on its March 1 due date, using proceeds from a February issuance of $20.5 million of 10-year bonds at face value, along with other available cash.g. The storage containers covered by refundable deposits are expected to be returned during the first nine months of the year. Half of the containers were returned in March 2022.Required:1. Prepare the appropriate journal entries for items a-g.2. prepare the current and long-term liability sections of the december 31, 2024, balance sheet. trade accounts payable on that date were $252,000.
1. The appropriate journal entries for items a-g are as follows:
a. No journal entry is required for opening the checking account or negotiating the line of credit.
b.
Debit: Cash $24,000,000
Credit: Notes Payable $24,000,000
c.
Debit: Cash $2,400
Credit: Refundable Deposits $2,400
d.
Debit: Accounts Receivable $4,950,000
Credit: Sales Revenue $4,589,000
Credit: Sales Tax Payable ($4,950,000 x 0.03) $148,500
Credit: Sales Tax Payable ($4,950,000 x 0.03) $148,500
e.
Debit: Interest Expense ($24,000,000 x 0.12 x 3/12) $720,000
Credit: Interest Payable $720,000
f.
Debit: Notes Payable $24,000,000
Debit: Interest Payable $720,000
Debit: Cash $23,280,000
Credit: Bonds Payable $20,500,000
Credit: Cash $4,220,000
g.
Debit: Refundable Deposits of $1,200
Credit: Cash $1,200
2. The current and long-term liability sections of December 31, 2024, balance sheet are as follows:
Current Liabilities:
Trade Accounts Payable: $252,000
Sales Tax Payable: $297,000
Refundable Deposits: $1,200
Interest Payable: $720,000
Total Current Liabilities: $1,270,200
Long-Term Liabilities:
Bonds Payable: $20,500,000
Total Long-Term Liabilities: $20,500,000
Total Liabilities: $21,770,200
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Support department cost allocationBlue Mountain Masterpieces produces pictures, paintings, and other home decor. The Printing and Framing production departments are supported by the Janitorial and Security departments. Janitorial costs are allocated to the production departments based on square feet, and security costs are allocated based on asset value. Information about these departments is detailed in the following table:. Janitorial Security Printing Framing. Department Department Department DepartmentSquare feet 760 1,040 4,230 4,770Asset value $900 $1,240 $12,390 $8,610Department cost $5,200 $6,600 $33,000 $29,000Management has experimented with different support department cost allocation methods in the past. The different allocation methods did not yield large differences of cost allocation to the production departments.1. Determine which support department cost allocation method Blue Mountain Masterpieces would most likely use to allocate its support department costs to the production departments.a. Direct cost allocation method.b. Sequential cost allocation method.c. Reciprocal cost allocation method.d. None of the above.
Company Blue Mountain Masterpieces will most likely use the direct method to allocate its support department costs. Option (a) is correct.
What is the Direct Allocation Method?A strategy for allocating the expense of service departments to other areas of a company is called direct allocation. This idea is utilized to completely charge operational departments for the overhead expenses that fall within their purview.
Directly charge the manufacturing portion of the company the appropriate cost of these divisions. These expenses contribute to the production's overhead costs, which are subsequently divided between inventory and the cost of products sold. This technique takes more accounting work but gives a clearer view of how expenditures are incurred. It also has a tendency to postpone the acknowledgment of expenditures until after part of the generated items has been sold.
Therefore, Option (a) is correct.
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Arrival of Vehicles at an Intersection. The time between arrivals of vehicles at a particular intersection follows an exponential probability distribution with a mean of 12 seconds.
Given Information: Let X denotes the times between car arrivals. Therefore the chance that arrival times between cars are 12 seconds or much less is 0.6321.
Does the time between arrivals of vehicles at a particular intersection follows an exponential?The time between arrivals of cars at a precise intersection follows an exponential chance distribution with a imply of 11 seconds.
In this case, the variance is 26.739. Finally, we want to locate the likelihood that there will be fewer than 2 arrivals in a given minute. This is located by means of dividing the preferred deviation with the aid of the variance. In this case, the chance is 0.739 or 73%.
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https://brainly.com/question/24074643#SPJ1your customer is recently completed the customer satisfaction survey css for your project and the overall csi is just above the organization level csi target
If your client has recently completed the Customer Satisfaction Survey CSS for their project and the overall csi is just above the organization level CSI target, you need to consider:
Review customer satisfaction factorsIdentify spaces for improvement and innovationDevelop an action planWhat factors affect customer satisfaction?There are several factors involved in this process, which can vary according to each customer, such as the perception of benefits and value of the product. The survey results can help a company identify such areas and which ones need to be reviewed.
Therefore, a customer satisfaction survey helps guide an organization's strategies so that it remains competitive and positioned in the market in the long term.
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size of the segments step 1: the report provides an in-depth overview of the industry, as well as detailed breakdowns of each customer segment. scan the report and find the total market size and growth rate for the traditional customer segment.
You would need to follow some points in order to calculate the traditional customer segment's overall market size and growth rate.
How can it be explained in detail?Track down the report's discussion of the traditional customer segment.
Look for data on the traditional customer segment's size, which may be indicated by revenue, sales volume, or the number of clients.
Find the traditional customer segment's growth rate for a given time period, which may be provided in the report. A percentage increase or decrease in the segment's size from one period to the next can be used to calculate the growth rate.
Once you have this data, you can multiply the segment's size by its market share to get the total market size of the traditional customer segment. You'll receive an estimate of the total revenue and sales volume from this.
Remember that the specific approaches used to determine market size and growth rate may differ depending on the sector and the methodology used in the report. Always double-check your calculations and presumptions to make sure your analysis is correct.
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which statement is true regarding the similarity between the preoperational period and the formal operations period?
Both instances highlight the person's egocentrism. Animism is present in the person during both times.
Describe egocentrism.Egocentrism is the inability to discern between oneself and others. It is more precisely described as the inability to successfully assume or comprehend any perspective other than one's own. Egocentrism is a personality trait that can appear at any age, including infancy, early childhood, adolescence, and adulthood.
The fact that some egocentric behaviors do occur in adults, despite the fact that adults exhibit less egocentric behaviors than children, shows that overcoming egocentrism may be a lifetime endeavor that is never totally successful. Adults are quicker than children to correct from an egocentric perspective, not that they are less likely to initially adopt one. Because of this, adults seem to be less egocentric than kids.
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Clem is married and is a skilled carpenter. Clem's wife, Wanda, works part-time as a substitute grade school teacher. Determine the amount of Clem's expenses that are deductible for AGI this year (if any) under the following independent circumstances: (Leave no answer blank. Enter zero if applicable.)
a. Clem is self-employed and this year he incurred $780 in expenses for tools and supplies related to his job. Since neither were covered by a qualified health plan, Wanda paid health insurance premiums of $6,570 to provide coverage for herself and Clem (not through an exchange)
b. Clem and Wanda own a garage downtown that they rent to a local business for storage. This year they incurred expenses of $1,150 in utilities and $1,120 in depreciation.
Clem is married and is a skilled carpenter. Clem's wife, Wanda, works part-time as a substitute grade school teacher. Determine the amount of Clem's expenses that are deductible for AGI this year (if any) under the following independent circumstances: (Leave no answer blank. Enter zero if applicable.)
c. Clem paid self-employment tax of $18,300 (the employer portion is $9,150), and Wanda had $5,100 of Social Security taxes withheld from her pay.
Clem is married and is a skilled carpenter. Clem's wife, Wanda, works part-time as a substitute grade school teacher. Determine the amount of Clem's expenses that are deductible for AGI this year (if any) under the following independent circumstances: (Leave no answer blank. Enter zero if applicable.)
d. Clem paid $95 to rent a safe deposit box to store his coin collection. Clem has collected coins intermittently since he was a boy, and he expects to sell his collection when he retires.
Clem's expenses on tools, supplies, and medical expenses are deductible under AGI = 6,405
Find out, if any, how much Clem's expenses can be deducted from his AGI this year in the following situations:
a) tools, supplies, and medical expenses are deductible under AGI (1005 x 4570 x 2975);
= 6,405
b) depreciation and utilities are deductible (1750 x 225 x 2975);
= 2955
c) You can deduct half of your Social Security tax (1/2 of 15200 x 7600);
= 9300
d) Since the safe deposit fee is not a business entity but rather an itemized deduction, there is no deduction.
AGI: What is it?
The American income tax system defines an individual's adjusted gross income as their total gross income less certain deductions. The difference between AGI and allowances for personal exemptions and itemized deductions is what is used to calculate taxable income. For most individual tax purposes, AGI is more important than gross income. The AGI calculation is fairly straightforward. It is the sum of your reported tax-exempt income, minus any applicable deductions or "adjustments," which includes dividends, earnings from self-employment, earnings from employment, and interest from a bank account.
Your adjusted gross income is the amount of money you receive each month that must be taxed. AGI is only used in individual tax returns. AGI and net income are not the same thing, despite the fact that they are frequently used interchangeably. Total taxable income is referred to as AGI, while net income is referred to as income after taxes.
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One of the primary jobs of a project manager is to manage the trade-offs among time, cost and performance. To do so, the project manager must define and understand the ______ of the project.
a. requirements b. communications plan c. WBS d. project charter e. priorities
One of the primary jobs of a project manager is to manage the trade-offs between time, cost, and performance. To do so, the project manager must define and understand the priorities of the project.
What is the project manager's principal responsibility?
The person in charge of finishing the project is the project manager. With permission and accountability from the project plan, the person is in charge of leading and managing the project team and is responsible for carrying out day-to-day project operations.
The management of time, money, and performance trade-offs are one of a project manager's main responsibilities. The project manager needs to know what the project's priorities are in order to do this.
Therefore, The least favored option must be abandoned when making a trade-off decision.
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which of the following modes of production is based on farmers or herders producing for themselves and their families, but also giving a portion of their goods or labor to their leaders?
The mode of production which is based on farmers or herders producing for themselves and their families, but also giving a portion of their goods or labor to their leaders is tributary production.
What are modes of production?The mode of production, or the social interactions through which human labor is employed to change energy from nature utilizing tools, skills, organization, and knowledge, is a fundamental idea in anthropological studies of economic life. In social systems with classes of rulers and subjects, the tributary mode of production is present. Farmers and/or herders who are considered subjects produce for themselves and their families as well as paying their rulers a percentage of their harvest as tribute. Many precapitalists, state-level societies can be discovered in Europe, Asia, Africa, and the Americas. They are all characterized by the tributary mode of production.
Imperial officials also had control over huge industrial and commercial companies, buying essential goods like salt, porcelain, or bricks through nonmarket processes in addition to building up agricultural surpluses. Most tributary systems chose their rulers based on political and military service, as well as descent.
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during 2022, baltic company incurred operating expenses amounting to $190,000, of which $132,000 was paid in cash; the balance will be paid during 2023. which of the following is correct for the 2022 year-end balance sheet?
A)Stockholders' equity decreases $132,000 and assets decrease $132,000.
B)Assets decrease $190,000, liabilities increase $1225,000, and stockholders' equity decreases $190,000.
C)Assets decrease $190,000 and stockholders' equity decreases $190,000.
D)Stockholders' equity decreases $190,000, assets decrease $85,000, and liabilities increase $1325,000.
If during 2022, baltic company incurred operating expenses amounting to $190,000. The correct option is : C) Assets decrease $190,000 and stockholders' equity decreases $190,000.
What is the 2022 year-end balance sheet?The operating expenses incurred by Baltic Company are considered as an expense in the income statement, reducing the company's net income and retained earnings (a component of stockholders' equity).
However, the expenses do not affect the company's assets or liabilities, since they are not related to the acquisition of any assets or the incurrence of any liabilities. The fact that only a portion of the expenses have been paid in cash as of year-end does not affect the balance sheet, as the remaining amount is already recognized as a liability in the accounts payable account.
Therefore, the correct answer is that assets decrease $190,000 and stockholders' equity decreases $190,000.
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Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for AZ-Motorcars is 12 percent.
Year AZM
Mini-SUV AZF
Full-SUV
0 –$ 475,000 –$ 825,000 1 325,000 355,000 2 190,000 430,000 3 155,000 295,000 a. What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places (e.g., 32.16).)Payback period
AZM Mini-SUV years
AZF Full-SUV years
b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places (e.g., 32.16).)
NPV
AZM Mini-SUV $
AZF Full-SUV $
c. What is the IRR for each project? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places (e.g., 32.16).)
IRR
AZM Mini-SUV %
AZF Full-SUV %
A. The payback period for the AZM Mini-SUV is 2.41 years, and the payback period for the AZF Full-SUV is 2.70 years.
What is payback period ?Payback period is a financial metric used to determine the amount of time required for an investment to recoup its initial costs. It is calculated by dividing the initial cost of the investment by the expected cash flow from the investment, and then subtracting the total cost of the investment from the total cash flow. The payback period is the time it takes for the investment to return the initial cost. It is an important tool used by businesses to assess the feasibility of a potential investment, as it indicates how quickly the investment can be expected to return a profit. Payback periods help businesses make decisions about potential investments, as they can provide an indication of the risk associated with a project.
Payback period for AZM Mini-SUV = ($475,000 - $325,000) / $190,000 = 2.41 years
Payback period for AZF Full-SUV = ($825,000 - $355,000) / $430,000 = 2.70 years
B. The NPV for the AZM Mini-SUV is $44,857.38, and the NPV for the AZF Full-SUV is $41,212.76.
NPV for AZM Mini-SUV = -$475,000 + $325,000 / (1 + 0.12)^1 + $190,000 / (1 + 0.12)^2 + $155,000 / (1 + 0.12)^3
= -$475,000 + $325,000 x 0.893 + $190,000 x 0.797 + $155,000 x 0.712
= -$475,000 + $289,485 + $150,630 + $110,040
= $44,857.38
NPV for AZF Full-SUV = -$825,000 + $355,000 / (1 + 0.12)^1 + $430,000 / (1 + 0.12)^2 + $295,000 / (1 + 0.12)^3
= -$825,000 + $355,000 x 0.893 + $430,000 x 0.797 + $295,000 x 0.712
= -$825,000 + $316,435 + $341,910 + $210,040
= $41,212.76
C. The IRR for the AZM Mini-SUV is 16.55%, and the IRR for the AZF Full-SUV is 17.44%.
IRR for AZM Mini-SUV = 16.55%
IRR for AZF Full-SUV = 17.44%
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Suppose that you were the Marketing Manager for General Motors. Which strategies do you think you would use if you wanted to win a target market made up of parents with new children less than three years old?
If I were the Marketing Manager for General Motors, targeting parents with new children less than three years old, I would consider the following strategies:
Which strategies would I consider as a Marketing Manager for General Motors?Highlight safety features: Parents with young children are likely to prioritize safety when it comes to choosing a vehicle. I would emphasize the safety features of General Motors vehicles, such as airbags, anti-lock brakes, and rearview cameras. I would also highlight any awards or safety ratings that the vehicles have received from reputable sources.
Emphasize spaciousness and storage: Parents with young children typically need a lot of space for car seats, strollers, diaper bags, and other baby gear. I would emphasize the spaciousness of General Motors vehicles, particularly the SUVs and minivans. I would also highlight the storage capacity of these vehicles, including cargo space and storage compartments.
Offer family-friendly features: In addition to safety and space, parents with young children appreciate features that make their lives easier. For example, I would promote General Motors vehicles that have built-in entertainment systems, rear-seat climate control, and easy-to-clean interiors. I would also emphasize the convenience of features such as remote start, hands-free liftgate, and power sliding doors.
Collaborate with parenting influencers: Social media influencers who focus on parenting and family life can be a valuable resource for reaching this target market. I would also consider sponsoring family-oriented events.
Provide financing and payment options: Finally, I would offer financing and payment options that make it easy for parents with young children to afford a General Motors vehicle. This could include special financing rates, lease options, or payment plans that allow parents to spread out the cost of the vehicle over time. I would also make sure that these options are easy to understand and accessible through the General Motors website and dealership network.
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Which of the following provides protection for and regulates brand names, brand marks, trade names, and trademarks?
a) Sherman Act
b) Clayton Act
c) Robinson-Patman Act
d) Lanham Act
e) Celler-Kefauver Act
The correct answer is d) Lanham Act.
Brand names, brand marks, trade names, and trademarks are protected and governed under the Lanham Act, commonly known as the Trademark Act of 1946. It outlines procedures for the registration and protection of trademarks, and it enables trademark owners to file infringement lawsuits and seek monetary damages, restraining orders, and other forms of redress.
What is the 1890 Sherman Antitrust Act?Antitrust legislation like the Celler-Kefauver Act, the Robinson-Patman Act, the Clayton Act, and the Sherman Act aim to stop monopolies, price fixing, and other unethical commercial practises. Despite the fact that these rules may have unintended effects on branding and trademarks, they do not specifically govern or protect them.
Price fixing and bid rigging are examples of agreements that are prohibited by the Sherman Antitrust Act. So are other agreements that entail the use of power to affect trade. Because of its limitations on corporate mergers and shoddy drafting, which made it difficult for people to comprehend its intended objectives, the Sherman Act did not last very long.
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The following hypothetical production possibilities tables are for China and the United States. Assume that before specialization and trade the optimal product mix for China is alternative B and for the United States is alternative U.China Production Possibilities
Product A B C D E F
Apparel 30,000 24,000 18,000 12,000 6,000 0
Chemicals (in tons) 0 6 12 18 24 30
U.S. Production Possibilities
Product R S T U V W
Apparel 10,000 8,000 6,000 4,0000 2,000 0
Chemicals (in tons) 0 4 8 12 16 20
Instructions: Enter your answers as whole numbers.
a. Are comparative-cost conditions such that the two countries should specialize?
(Click to select)YesNo.
If so, what product should each produce?
China should produce chemicals or apparel.
The United States should produce chemicals or apparel?
b. What is the total gain in apparel and chemical output that would result from such specialization?
Apparel: units.
Chemicals: tons.
c. What are the limits of the terms of trade?
_____ units of apparel for 1 ton of chemicals and ______ units of apparel for 2 tons of chemicals.
Suppose that the actual terms of trade are 1 unit of apparel for 1½ units of chemicals and that 4,000 units of apparel are exchanged for 6 units of chemicals. What are the gains from specialization and trade for each nation?
The United States or China has a gain of ______ units of apparel.
The United States or China has a gain of _______ tons of chemicals.
Yes, China should produce apparel. There should be an increase in chemical production in the United States, with 10,000 articles of clothes produced for every 10 tons of chemicals produced.
Which nations stand to gain the most from Extract trade and specialization?For every ton of chemicals, the computation takes 2000 units of clothes into account..The amount of clothing needed to cover a ton of chemicals is 1000 units, and two tons is 2000 units. China produced an additional 10,000 pieces of apparel. The nation now contains 10 tons of chemicals.
How does comparative advantage work?When a nation can manufacture goods and services at a cheaper cost than other countries, it is said to have a comparative advantage. False. Competitive advantage comes when a nation can produce something with lower opportunity costs than other nations.
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assume that current assets and current liabilities change at the same rate as changes in sales. therefore, if sales increase by 10%, then
Assuming that current assets and current liabilities change proportionately to changes in sales. So, if sales increase by 10%, the current ratio will remain the same.
How did we come to this conclusion?To calculate the current sales ratio, we have to divide current assets by current liabilities, so if there is an increase in the company's sales, its current assets and current liabilities would also increase by 10%, so the ratio would be maintained.
Therefore, it should be noted that such an assumption will not always be true if there are changes in sales that can alter the company's cash flow in a different way, and it is necessary to analyze the situation to determine the impact of changes in sales on the company's current index.
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the partnership of keenan and kludlow paid the following wages during this year: m. keenan (partner)$85,000 s. kludlow (partner)75,000 n. perry (supervisor)53,000 t. lee (factory worker)34,600 r. rolf (factory worker)29,800 d. broch (factory worker)6,900 s. ruiz (bookkeeper)25,400 c. rudolph (maintenance)5,100 in addition, the partnership owed $200 to rudolph for work he performed during december. however, payment for this work will not be made until january of the following year. the state unemployment tax rate for the company is 2.95% on the first $9,000 of each employee's earnings. compute the following: round your answers to the nearest cent.
The Net FUTA tax for the partnership for this year is $1,680 and the SUTA tax for this year is $1,062.
What is FUTA tax?FUTA's tax rate is 6.0%. The tax is levied on the first $7,000 in wages paid to each employee during the fiscal year. The $7,000 is known as the federal or FUTA wage base.
Given data,
M. Keenan (partner) $85,000
S. Kludlow (partner) 75,000
N. Perry (supervisor) 53,000
T. Lee (factory worker) 34,600
R. Rolf (factory worker) 29,800
D. Broch (factory worker) 6,900
Ruiz (bookkeeper) 25,400
C. Rudolph (maintenance) 5,100
The Gross payroll is $314,800, and FUTA rate is 6% for the first $7,000
Gross Pay FUTA SUTA
(first $7,000) (first $9,000)
N. Perry 53,000 $420 $265.50
T. Lee 34,600 420 265.50
R. Rolf 29,800 420 265.50
D. Broch 6,900 0 0
Ruiz 25,400 420 265.50
C. Rudolph 5,100 0 0
Payroll for employees $154,800 $1,680 $1,062
Therefore, the FUTA tax applies to the first $7,000 that Keenan and Kludlow paid to each employee as wages during the year
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Your question is incomplete, but most probably the full question was,
The partnership of Keenan and Kludlow paid the following wages during this year:
M. Keenan (partner) $85,000
S. Kludlow (partner) 75,000
N. Perry (supervisor) 53,000
T. Lee (factory worker) 34,600
R. Rolf (factory worker) 29,800
D. Broch (factory worker) 6,900 S.
Ruiz (bookkeeper) 25,400
C. Rudolph (maintenance) 5,100
In addition, the partnership owed $200 to Rudolph for work he performed during December. However, payment for this work will not be made until January of the following year. The state unemployment tax rate for the company is 2.95% on the first $9,000 of each employee's earnings. Compute the following:
a. Net FUTA tax for the partnership for this year.
b. SUTA tax for this year.
_______ focuses on the attributes that consumers seek and what they expect to receive from a good or service.
a. Psychographic segmentation
b. Benefit segmentation
c. Geodemographic segmentation
d. Usage-rate segmentation
Benefit segmentation focuses on the attributes that consumers seek and what they expect to receive from a good or service. Thus the correct option is B.
What is segmentation?Segmentation is a marketing strategy in which goods are classified based on the target audience in order to reach a wider market and gain excess revenue. This segmentation of the market is based on common needs.
When divides consumers into groups according to the perceptions of value and advantages they can generate from products and services called Benefits segmentation. This type of segmentation enables marketers to determine which benefits appeal to different markets.
Therefore, option B is appropriate.
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sato consulting services paid $1,500 to office supplies mart, inc., as payment on account for invoice 2235. this transaction would be recorded with which of the following entries?
the sato consulting paid Office Supplies Mart, Co. $1,500 as a credit payment for invoice 2235. There's be a debit to account entry for this transaction. Over a credit of $1500 payable for $1500,
The term "transaction" has what meaning?A completed transaction is an agreement between a purchaser and a seller to trade goods, service, or bank deposits in exchange for cash. Furthermore, corporate accounting frequently makes use of the phrase.
How are transactions classified?Three different forms of accounting transactions—cash, non-cash, and credit—are based on the exchange of money.
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Billing schemes generally fall into one of three categories: shell company schemes, nonaccomplice vendor schemes, and _______________. A. Personal purchases schemesB. Check writing schemesC. Skimming schemesD. False documentation schemes
Billing schemes generally fall into one of three categories: shell company schemes, no accomplice vendor schemes, and Personal purchases schemes. Hence, option A is appropriate.
What is the meaning of Billing Schemes?Billing fraud targets a company's payment processing infrastructure. Billing schemes are "Any system in which a person compels his employer to issue a payment by submitting bills for false goods or services, inflated invoices, or invoices for personal purchases," according to the ACFE Report to the Nations.
Shell business schemes, non-accomplice vendor schemes, and personal purchase schemes are the three categories into which billing schemes are typically divided. The sole objective of shell corporations, which are often referred to as dummy or sham companies, is to perpetrate fraud.
Hence, option A is correct.
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Brandon Technology makes two models of a specialized sensor for the aerospace industry. The difference in the two models relates to the required accuracy of the sensor. The Standard model is used for most normal operations while the High-Performance model is used for high-altitude and specialized missions. Before shipment, the two models are passed through a machine that, among other things, certifies the accuracy of the sensor. The company only has one testing machine. The price and costs of the two sensor models are shown here: The testing machine used for both models has a capacity of 8,250 hours annually. Fixed manufacturing costs are $2,400,000 annually. Required: a. Suppose that the maximum annual unit sales that is possible for Brandon Technology is 250,000 units of the Standard model and 80,000 of the High-Performance model. How many units of each sensor model should Brandon Technology produce annually? b. Suppose that the maximum annual unit sales that is possible for Brandon Technology is 150,000 units of the Standard model and 50,000 of the High-Performance model. How many units of each watch model should Brandon Technology produce annually? Complete this question by entering your answers in the tabs below. Suppose that the maximum annual unit sales that is possible for Brandon Technology is 250,000 units of the Standard model and 80,000 of the High-Performance model. How many units of each sensor model should Brandon Technology produce annually? Brandon Technology makes two models of a specialized sensor for the aerospace industry. The difference in the two models relates to the required accuracy of the sensor. The Standard model is used for most normal operations while the High-Performance model is used for high-altitude and specialized missions. Before shipment, the two models are passed through a machine that, among other things, certifies the accuracy of the sensor. The company only has one testing machine. The price and costs of the two sensor models are shown here: The testing machine used for both models has a capacity of 8,250 hours annually. Fixed manufacturing costs are $2,400,000 annually. Required: a. Suppose that the maximum annual unit sales that is possible for Brandon Technology is 250,000 units of the Standard model and 80,000 of the High-Performance model. How many units of each sensor model should Brandon Technology produce annually? b. Suppose that the maximum annual unit sales that is possible for Brandon Technology is 150,000 units of the Standard model and 50,000 of the High-Performance model. How many units of each watch model should Brandon Technology produce annually? Complete this question by entering your answers in the tabs below. Suppose that the maximum annual unit sales that is possible for Brandon Technology is 150,000 units of the Standard model and 50,000 of the High-Performance model. How many units of each watch model should Brandon Technology produce
Note that:
A) To optimize production, Brandon Technology should produce 16,500 units of the High-Performance model and 33,000 units of the Standard model annually.
B) Brandon Technology should produce 27,500 units of the High-Performance model and 66,000 units of the Standard model annually.
What is the rationale for the above response?a) To determine the optimal production levels for each model, we need to calculate the contribution margin per unit and the machine hours required for each model.
The contribution margin per unit for the Standard model is $800 ($1,600 - $800) and for the High-Performance model is $1,000 ($2,500 - $1,500).
The machine hours required per unit for the Standard model is 0.5 hours and for the High-Performance model is 1.5 hours.
Based on the machine capacity of 8,250 hours, we can produce a maximum of 16,500 units of the High-Performance model (8,250/1.5) and 33,000 units of the Standard model (8,250/0.5).
Therefore, Brandon Technology should produce 16,500 units of the High-Performance model and 33,000 units of the Standard model annually.
b) Following the same approach as in part a, the contribution margin per unit for the Standard model is $800 ($1,600 - $800) and for the High-Performance model is $1,000 ($2,500 - $1,500).
The machine hours required per unit for the Standard model is 0.5 hours and for the High-Performance model is 1.5 hours.
Based on the machine capacity of 8,250 hours, we can produce a maximum of 27,500 units of the High-Performance model (8,250/1.5) and 66,000 units of the Standard model (8,250/0.5).
Therefore, Brandon Technology should produce 27,500 units of the High-Performance model and 66,000 units of the Standard model annually.
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Which of the following would be considered a topic of study in macroeconomics? Select one:
a. the impact of agricultural price support programs in the cotton industry.
b. the effect on US steel producers of an import quota on foreign steel.
c. the effect of an increase in the US inflation rate on the economy.
d. the effect of an increase in the price of coffee beans on the US coffee industry.
e. none of the above are macroeconomics topics.
The effect of an increase in the US inflation rate on the economy would be considered a topic of study in macroeconomics.
What is macroeconomics?
Macroeconomics is the study of an economy's general functioning, structure, behavior, and decision-making. Controlling the growth and stability of an economy, for instance, by the use of interest rates, taxes, and government spending. This covers the regional, governmental, and global economies. The area of economics known as macroeconomics focuses on big-picture or general economic problems and how they interact with economies. The analysis of entire economies is involved. Controlling the growth and stability of an economy, for instance, by the use of interest rates, taxes, and government spending. This covers the regional, governmental, and global economy. Macroeconomics, as opposed to researching specific problems, focuses on the variables that have an effect on the economy or society as a whole. It is also known as aggregate economics.
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On May 31, 2015, Deana’s Services Company had account balances as follows:
Accounts payable $ 9,900
Accounts receivable 26,950
Cash 11,390
Fees earned 70,800
Insurance expense 1,475
Land 74,400
Miscellaneous expense 1,510
Prepaid insurance 2,000
Rent expense 8,000
Salary expense 35,300
Dividends 15,100
Supplies 950
Supplies expense 825
Utilities expense 3,800
Capital stock 81,000
Retained earnings (beginning balance on May 1, 2015) 20,000
Present, in good form for the month of May, (a) an income statement, (b) a statement of retained earnings, and (c) balance sheet.
The balance sheet, retained earnings, and income statement for the month of May are provided below.
What is Income Statement?A financial statement that summarizes a company's revenues, expenses, gains, and losses over a specific time period, typically a quarter or a year, is called an income statement. The company's financial performance during the period under review is depicted in the income statement.
There are two main sections to the income statement: expenses and revenues. While expenses are the costs incurred by the company in the process of generating revenues, revenues are the amounts earned by the company through the sale of goods or services. Wages, rent, utilities, taxes, and depreciation are examples of expenses.
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review of the thomas cook collapse
The collapse of Thomas Cook in September 2019 was a result of various factors, including its failure to stay competitive with newer and more flexible travel companies, low-cost airlines and online travel services. Furthermore, political instability in countries such as Turkey, as well as the heatwave of 2018 and Brexit, contributed to the company's woes. In addition, Thomas Cook faced insurmountable debt, with several ill-advised deals and a drastic weakening of the pound due to Brexit. The company had raised £425 billion from shareholders in 2013, but this was insufficient to pull it out of the red. Despite securing a £900-million funding package in August 2019, an eleventh-hour request from creditor banks for a further $200 million in contingency funding to sustain them during the quieter winter months precipitated the collapse of the deal and the company itself. The impact of the collapse was significant, with the UK Civil Aviation Authority repatriating 140,000 UK-based Thomas Cook customers who were still abroad, and On the Beach, the online travel agent that was booking around 15% of its customers onto Thomas Cook flights, experiencing a 26% drop in profits for the year to September. The collapse of the world's oldest travel firm should be felt across much of Europe, and its failure highlights the importance of companies staying competitive and adaptable in a rapidly changing business environment.
effective internal control over cash requires segregation of duties. which of the following duties should be segregated? multiple select question. accepting credit cards and accepting cash depositing checks into the bank and recording receipts in the accounting records opening the mail and deposit of checks in th
Separating tasks is necessary for effective internal control over funds. it's best to separate the following tasks: putting cheques in the bank for deposit and documenting receipts in the books of accounts. Taking a look at the mail and depositing cheques at the bank.
The required details for accounting records in given paragraph
Any books and documents used in the creation of financial statements or other records important to audits and financial reviews are referred to as accounting records. Financial transactions, ledgers, diaries, and any supplementary materials like checks and invoices are all included in accounting records, along with records of assets and liabilities. All the paperwork needed to create financial statements for a business are known as accounting records.
Companies must retain their accounting records for a number of years in order to comply with regulatory authorities' requirements that they be available for examination.
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sean has saved $30 per week to buy a preowned gaming console. he compares two different models: a sintendo that is priced at $130 and a nony system that is priced at $140. sean decides to purchase the used nony system for $140. identify what role money plays in each of the following parts of the story. hint: select each role only once.
Saving: Money is a medium of exchange, allowing Sean to save up to purchase the gaming console.
What is Gaming console ?A gaming console is a device used for playing , typically on a or monitor. It is a form of home entertainment system designed specifically for playing video games, either for personal or commercial use. Some common examples of gaming consoles include the PlayStation, , Nintendo Switch, and Sega Genesis. These consoles are usually connected to a or computer monitor, and use controllers to interact with the game.
Comparing: Money is a unit of measurement, allowing Sean to compare prices of the two models.
Purchasing: Money is a medium of exchange, allowing Sean to purchase the Nony system.
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fill in the blank. general electric is a legal entity whose assets and liabilities are separate from those of its owners. as a___, general electric is owned by any number of shareholders.
General Electric is a corporate entity with distinct financial standing from its owners. Any number of stockholders own general electric as a corporation.
How Are Firms and Corporations Distinct?A business or other endeavor can desire to incorporate. The company exists in law as a separate entity from its owners because it is a corporation. The most important effect is that the owners cannot be held liable for the obligations of the corporation. It also suggests that the company has the legal authority to take legal action, borrow money, and possess property.
An organization that is authorized by the state to act as a single unit and is recognized as such in law for specific purposes is known as a corporation. This organization often comprises of a company or a group of people. A charter was used to establish the first corporations. Today, the majority of countries allow for the formation of new corporations.
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