We must first identify the total number of orders placed each year in order to compute the yearly relevant ordering cost. The cost of relevant ordering would be GHS 1,800 per year.
What does ordering cost in this case?Ordering costs are the fees your company pays to order and receive the products it keeps on hand.These ordering costs may also include shipping fees, unanticipated transportation costs, inspection fees, and other expenses related to purchasing inventory products.
To calculate the annual relevant ordering cost, we need to determine the number of orders placed in a year. We can do this by dividing the demand (18,000 units) by the order quantity (1,500 units/order):
Demand divided by Order Quantity is Demand / Order Quantity = 18,000/1,500 = 12 Orders
Now we can calculate the annual relevant ordering cost by multiplying the number of orders by the ordering cost per order:
Annual relevant ordering cost = Number of orders x Ordering cost per order
= 12 x GHS 150
= GHS 1,800
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A bond has a face value (and redemption value) of $504,000, and pays coupons annually. The effective annual yield is 2 times the coupon rate. The present value of the redemption amount is 2 times the present value of the coupon stream. What is the price of the bond?
Answer:
$288,009.26
Explanation:
Present value on Face value = 3 x Present value of the coupon stream
F / (1+i) = 3 x CF / (1+i)
3C = 1
C = 0.3333 = 33.33%
i = 4 x C = 4 x 33.33% = 133.32%
P = {CF / (1+i)} + {F / (1+i)}
= {0.3333 X 504000 / (1 + 1.3332)} + {504000 / ((1 + 1.3332))}
= $288,009.26
Consider the following model:
Y = C + I + G
C = 125 + 0.75YD
T = 100
I = 100
G = 110
1. Solve for equilibrium income.
2. Assume that government spending decreases by $10, what is the new equilibrium income level?
3. What is the government spending multiplier?
4.Assume a corresponding decrease in tax by $10; what is the new equilibrium?
5.What is the value for the tax multiplier?
The equilibrium income is $450.
The new equilibrium income level is $440.
The government spending multiplier is 4.
The new equilibrium income level is $460.
The tax multiplier is -3.
How to explain the incomeDecomposing the expression Y = 125 + 0.75Y - 0.75T + I + G, by swapping in the assigned values of T, I, and G renders:
Y = 125 + 0.75Y – 0.75(100) + 100 + 110 which simplifies to Y = 450 representing the equilibrium income amount.
Now, if the government spending decreases by $10, then the new aggregated demand equation transfigures into Y = 125 + 0.75Y – 0.75(100) + 100 + 100 wherein the simplified derivation reveals that the amended equilibrium income is $440.
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Explain the issues with getting paid twice a month as far as paying your bills on time. For example, you get paid on the 1st and the 15th of the month, your bills are due all month long.
Consider a time when you worked on a class project or a project at work and some members of the team didn't pull their weight. How did you deal with it? What were the results?
Why have variable pay-for-performance plans become popular and what elements are needed to make them successful?
Employee motivation is improved by variable pay structures because they increase productivity while they are working, support engagement and retention, make compensation directly related to performance, and give employees financial flexibility during lean business periods.
Why is variable pay important?
Employers may reward staff through profit gains rather than operational costs thanks to variable pay programmers' flexibility and ability to do so.
Employer flexibility and the ability to reward staff via profit rather than operating costs are two of the main advantages of variable pay programmed.
Typically, it comes in the form of commission, bonus, or incentive compensation. It is based on the performance of the individual and the overall performance of the business. The majority of businesses incorporate the goal-setting procedure, which forms the basis of the variable payouts.
Your personal success as well as the performance of your employer are frequently the two key determinants of variable compensation. Therefore, the majority of business-developed schemes base their target-setting and actual payout on that combination.
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List three functions of voice mail.
The amount of money you need to start up a company is determined by which of the following (Pick all that Apply)
Fixed Assets
Fixed Expenses for a number of months?
Working Capital
X Months account payable
Option (a) and (c), Working capital and fixed assets are the two factors that influence how much money is required to launch a business.
What is the first amount of money needed to start a business called?Startup capital refers to the amount of funding needed to establish a fresh company. Starting capital could be needed to pay for expenses like office rent, licensing, permits, inventory, product development, production, marketing, and any other startup-related expenditures.
What kind of initial finance is required?Business entrepreneurs use beginning capital to pay for some or all of the expenditures involved in launching a new company. This include hiring the initial staff, renting office space, obtaining permits and licenses, stocking up on supplies, performing market research, producing goods, advertising, and any other operational expenses.
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Discussion Topic
Please post detailed answers to the following questions. Please use complete sentences.
As you begin to explore the feasibility of new business ideas, what role do you think profit should play in the process? Why? Explain and discuss the role that profit will play when determining whether one of your business ideas is worth pursuing.
Explanation:
Profit plays a critical role in the process of exploring new business ideas. At its most basic level, the profit motive is what drives entrepreneurs to start businesses in the first place: the hope of creating something new that will generate revenue and grow over time. Profit is not just important for individual businesses, but for the broader economy, as profits generated by businesses drive economic growth and job creation.
When considering whether to pursue a new business idea, profit should be a key consideration for several reasons. First and foremost, a business needs to be profitable in order to sustain itself over the long term. Without profitability, a business will not be able to cover its costs, repay debt, or invest in growth. In addition, profitability is also an indication of the value that a business creates for its customers. A profitable business is one that is delivering something of value to its customers that they are willing to pay for.
However, while profitability is important, it should not be the only consideration when evaluating new business ideas. Other factors such as market demand, competition, scalability, and potential risks and rewards should also be taken into account. For example, a business idea may have strong profit potential, but if the market is already crowded and competitive, it may be difficult to establish a foothold. On the other hand, a business idea may have less profit potential initially, but could have long-term potential for growth and scalability.
In summary, profit is a critical factor to consider when evaluating the feasibility of new business ideas. However, it is important to strike a balance between profit potential and other factors, such as market demand and competition, in order to make a fully informed decision about whether to pursue a particular idea. Ultimately, the goal of any business should be to create value for its customers, while also generating sustainable profits.
Explain the key components of the Fair Labor Standards Act (FLSA).
The Fair Labor requirements Act (FLSA) specifies requirements for minimum wage, overtime compensation, recordkeeping, and youth employment that are applicable to workers in the private sector and in federal, state, and municipal governments.
What is a criterion under the Fair Labor Standards Act?
According to the FLSA, the majority of American workers must get at least the federal minimum wage for all hours worked as well as overtime compensation that is at least time and a half their usual rate of pay for any hours above 40 in a workweek.
At age 65, you are required to retire. The Department has different age restrictions for civil service and overseas service. Officers in the foreign service must retire at 65.
The FLSA is applicable to: Overtime and minimum wage: The federal minimum wage is $7.25 per hour. (it is the same level under Texas state law) - All overtime hours exceeding 40 in a seven-day workweek are typically paid at time-and-a-half.
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Omar (single) is a 50 percent owner in Cougar LLC (taxed as a partnership). Omar works half time for Cougar and receives guaranteed payment of $50,000. Cougar LLC reported $450,000 of business income for the year (2022). Before considering his 50 percent business income allocation from Cougar and the self-employment tax deduction (if any), Omar's adjusted gross income is $210,000 (includes $50,000 guaranteed payment from Cougar and $160,000 salary from a different employer). Omar reports itemized deductions of $40,000. Answer the following questions for Omar.
Note: Leave no answer blank. Enter zero if applicable. Round your intermediate calculations and final answers to the nearest whole dollar.
b. What would be Omar's self-employment tax liability if he didn't receive any salary.
Sandra would like to organize LAB (a legal corporation) as either an S corporation or a C corporation for tax purposes. In either form, the entity is expected to generate an 8 percent annual before-tax return on a $875,000 investment. Sandra's marginal income tax rate is 37 percent and her tax rate on qualified dividends and net capital gains is 20 percent. LAB's income is not qualified business income (QBI), so Sandra is not allowed to claim the QBI deduction. Assume that LAB will distribute all of its earnings after entity-level taxes every year. Ignore the additional Medicare tax and the net investment income tax when computing your answers.
Note: Round your intermediate computations to the nearest whole dollar amount.
a. How much cash after taxes would Sandra receive from her investment in the first year if LAB is organized as either an S corporation or a C corporation?
Sandra would like to organize LAB (a legal corporation) as either an S corporation or a C corporation for tax purposes. In either form, the entity is expected to generate an 8 percent annual before-tax return on a $875,000 investment. Sandra's marginal income tax rate is 37 percent and her tax rate on qualified dividends and net capital gains is 20 percent. LAB's income is not qualified business income (QBI), so Sandra is not allowed to claim the QBI deduction. Assume that LAB will distribute all of its earnings after entity-level taxes every year. Ignore the additional Medicare tax and the net investment income tax when computing your answers.
Note: Round your intermediate computations to the nearest whole dollar amount.
b. What is the overall tax rate on LAB's income in the first year if LAB is organized as an S corporation or as a C corporation?
Note: Round your final answers to 2 decimal places.
Willow Corporation (a calendar-year C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 in 2022. Willow had an NOL carryover of $90,000 to 2022. How much tax will Willow Corporation pay in 2022, what is its NOL carryover to 2023, and when will the NOL expire under the following assumptions?
Note: Leave no answer blank. Enter zero if applicable.
b. $40,000 of the NOL was generated in 2016 and $50,000 was generated in 2021.
Omar's adjusted gross income if he didn't receive any salary is $395,000.
What is gross income?Gross income is the total amount of money earned by an individual, company, or organization before any deductions or taxes are taken out. It is calculated by adding up all sources of income, including wages, salaries, tips, bonuses, commissions, rental income, and investment income. Gross income is often used to determine an individual's or organization's eligibility for certain programs, such as loan or credit applications, government benefits, or tax deductions. However, it is important to note that gross income is not the same as net income, which is the amount of money left over after deducting expenses and taxes. Understanding gross income is crucial in managing personal finances and making informed financial decisions.
Omar's business income allocation from Cougar LLC = $450,000 x 50% = $225,000
Total income for the year= $160,000 (salary) + $50,000 (guaranteed payment) + $225,000 (business income allocation) = $435,000
Omar's adjusted gross income= $435,000 - $40,000 = $395,000
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In the short run, the quantity of output supplied by firms can deviate from the natural level of output if the actual price level deviates from the expected price level in the economy. A number of theories explain reasons why this might happen.
Answer:
Yes, that’s correct. In the short run, if the actual price level in an economy is different from what firms expected it to be, then the quantity of output supplied can deviate from its natural level. There are several theories that explain why this might happen.
Explanation:
Bay Beach Industries wants to maintain their capital structure of 40% debt and 60% equity. The firm's tax rate is 34%. The firm can issue the following securities to finance the investments:
Bonds: Mortgage bonds can be issued at a pre-tax cost of 9 percent. Debentures can be issued at a pre-tax cost of 10.5 percent.
Common Equity: Some retained earnings will be available for investment. In addition, new common stock can be issued at the market price of $46. Flotation costs will be $3 per share. The recent common stock dividend was $3.60. Dividends are expected to grow at 6% in the future.
What is the cost of capital using mortgage bonds and internal equity?
Answer is 10.96% just not sure how to get that answer.
According to the question the cost cost of capital using mortgage bonds and internal equity is 10.96%.
What is equity?Equity is the value of an asset or a company after subtracting all of its liabilities. It is an owner's stake in the business, which is the difference between the asset's value and the amount of debt on the asset. Equity can refer to stockholders’ equity, which is the net worth of a company, or to homeowner’s equity, which is the difference between the market value of a home and the outstanding balance on its mortgage.
The cost of debt is 9% (pre-tax cost) and the cost of equity is calculated using the Capital Asset Pricing Model (CAPM). The cost of equity is calculated as follows:
Cost of Equity = Risk Free Rate + Beta x (Market Return - Risk Free Rate)
Risk Free Rate = 3%
Beta = 1
Market Return = 10%
Therefore, Cost of Equity = 3% + 1 x (10% - 3%) = 7%
The cost of capital is then calculated by weighting the cost of debt and the cost of equity as follows:
Cost of Capital = (Weight of Debt x Cost of Debt) + (Weight of Equity x Cost of Equity)
Weight of Debt = 40%
Weight of Equity = 60%
Therefore, Cost of Capital = (40% x 9%) + (60% x 7%) = 10.96%.
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The table below gives the output level from 1 unit of economic resource and the opportunity cost of production of each good for Icesage and Westford.
Output level Opportunity cost
Bicycles Televisions Bicycles Televisions
Icesage 75 225 3 0.33
Westford 100 150 0.67 1.50
Icesage is currently producing 45 bicycles and 90 televisions, whereas Westford is currently producing 20 bicycles and 120 televisions.
1st attempt
Part 1 (2 points)See Hint
Before trade, how many bicycles were being produced collectively between the two countries?
Before trade, how many televisions were being produced collectively between the two countries?
Part 2 (2 points)See Hint
If the two countries decided to trade, how many bicycles would now be produced overall?
If the two countries decided to trade, how many televisions would now be produced overall?
Before trade, 65 bicycles and 210 TVs were produced. After trade, 95 bicycles and 180 TVs would be produced (specialization based on opportunity cost).
What is the explanation for the above response?Part 1:
Before trade, the total number of bicycles being produced is 45 + 20 = 65.
Before trade, the total number of televisions being produced is 90 + 120 = 210.
Part 2:
If the two countries decided to trade, the total number of bicycles produced would depend on the terms of the trade agreement.
However, assuming that each country specializes in producing the good with the lower opportunity cost, Icesage would specialize in producing televisions and Westford would specialize in producing bicycles.
Icesage's opportunity cost of producing one bicycle is 3 televisions, which means that it can produce 1/3 bicycles for every television it gives up. Similarly, Westford's opportunity cost of producing one bicycle is 0.67 televisions, which means that it can produce 1.5 bicycles for every television it gives up.
If Icesage produces 90 televisions (the amount it was producing before trade), it would give up 30 bicycles (since 1 bicycle = 3 televisions). Therefore, Icesage would produce 75 bicycles (45 + 30) after trade.
If Westford produces 20 bicycles (the amount it was producing before trade), it would give up 30 televisions (since 1 bicycle = 1.5 televisions). Therefore, Westford would produce 90 televisions (120 - 30) after trade.
Thus, after trade, the total number of bicycles produced would be 75 + 20 = 95, and the total number of televisions produced would be 90 + 90 = 180.
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3. Equipment delivered on 1 January 2010 is paid for R1 500 000 on 31 December 2011. This is longer than normal credit terms. The cost at which the equipment is initially recognised ounts to R1.500.000. True/False?
Answer:
true
Explanation:
The fact that the payment was made on 31 December 2011, which is more than a year after the delivery date of 1 January 2010, indicates that this is longer than normal credit terms. However, the cost at which the equipment is initially recognized is still R1.500.000, which is the initial value of the equipment and is not affected by the payment terms.
1. if government expenditures of $5 were added to C+I, what would be the new equilibrium level of national income?
2. What is the government spending multiplier?
C = 30 + 0.75YD
I = 25
Ye = 220
The new equilibrium level of national income is 40
The government spending multiplier is 4.
Given,
C=30+0.75YD
I=25
The Equilibrium level of Income is Ye= 220
Ye=YD as it is the case of a new equilibrium.
Ye = C+ I
putting values of C and I
Ye= 30+0.75YD+25
220=55+0.75YD
220-55=0.75YD
165=0.75YD
The value of YD
= 165/0.75 =220
Assuming Y
YD=Ye=220 = Y
Now we add G = $5
Ye =30+0.75YD+25+5
Y = 60+0.75Y
Y-0.75Y = 60
Solving the equation:
Y(1-0.75)=60
Y=[1/(1-0.75)] 60
Y=(1/0.25) 60
Y =240
The government spending multiplier will be:
[tex]\delta \\ \\[/tex]X ÷ [tex]\delta \[/tex]y
= 1÷(1-0.75)
4
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What are some possible reasons top leaders fail to create succession plans?
There are several possible reasons why top leaders may fail to create succession plans.
What are those reasons?
Overconfidence: Top leaders may be overconfident in their own abilities and believe that they are irreplaceable. This can lead to a reluctance to plan for their own succession.
Lack of time or resources: Creating a succession plan can be a time-consuming and resource-intensive process. Some leaders may prioritize other initiatives or feel that they don't have the time or resources to devote to succession planning.
Fear of losing control: Leaders may be hesitant to plan for their own succession because they fear losing control over the organization or being replaced by someone who does not share their vision or values.
Succession planning is not a priority: Some leaders may simply not see succession planning as a priority or may not understand the importance of having a plan in place.
Personal and political considerations: Some leaders may have personal or political considerations that make it difficult for them to plan for their own succession.
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Organisational mutual Impact of Strategy & structure.
Answer:
Strategy mainly increased the flexibility of the organizational structure through greater specialization, less hierarchy, and more decentralization.
I'm not sure if that was the answer your looking for, but I hope it helped!
While rooting through the attic, you discover a box of old tax forms. You find that your grandmother made $175 working part-time during December 1964, when the CPI was 31.3. How much would you need to have earned in December 2015, when the CPI was 236.5, to have at least as much real income as your grandmother did in 1964? Give your answer to two decimals.
$
Where the above conditions are given in relation to tax, you would need to have earned at least $1146.03 in December 2015 to have the same purchasing power as your grandmother's $175 in December 1964.
What is the explanation for the above response?
We can use the formula for inflation rate to calculate the amount needed in 2015 dollars:
Inflation rate = (CPI in year 2 - CPI in year 1) / CPI in year 1
Inflation rate = (236.5 - 31.3) / 31.3 = 6.563
This means the cost of living increased by a factor of 6.563 from 1964 to 2015.
To find the equivalent real income in 2015 dollars, we need to multiply the 1964 income by the inflation rate:
Equivalent income = 175 * 6.563 = 1146.03
So, you would need to have earned at least $1146.03 in December 2015 to have the same purchasing power as your grandmother's $175 in December 1964.
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Bob is planning to retire in 36 years. He is thinking about opening a retirement account and plans to invest an equal amount each year into the account. He expects to earn 11% per year in the account and is planning to have $2,500,000 in the account at retirement, what is the amount of Bob’s annual investment?
Bob needs to invest $35,523.95 per year for the next 36 years in order to achieve his retirement goal of having $2,500,000 in his retirement account.
To calculate the amount of Bob's annual investment, we can use the future value formula for an annuity, which is:
FV = Pmt x [(1 + r)^(n-1) / r]
where:
FV = future value
Pmt = annual payment or investment
r = annual interest rate
n = number of years
Plugging in the values, we get:
$2,500,000 = Pmt x [(1 + 0.11)^(36-1) / 0.11]
Simplifying the exponent, we get:
$2,500,000 = Pmt x [(1.11^35) / 0.11]
$2,500,000 = Pmt x 70.3801
Dividing both sides by 70.3801, we get:
Pmt = $35,523.95
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Rank the different economies from the type that normally generates the highest market prices for consumers down to the type that normally generates the lowest market prices for consumers.
3rd attempt
See Hint
Question List (3 items)
(Drag and drop into the appropriate area)
No more items
Correct Answer List
Highest price for consumers
open economy with quotas
1
open economy (free trade)
2
closed economy (no trade)
3
Lowest price for consumers
Answer:
From the type that normally generates the highest market prices for consumers down to the type that normally generates the lowest market prices for consumers, the different economies can be ranked as follows:
Closed economy (no trade)
Open economy with quotas
Open economy (free trade)
In a closed economy with no trade, there is no competition from foreign producers, which can result in higher prices for consumers. In an open economy with quotas, trade is allowed but restricted by quotas, which can limit competition and result in higher prices for consumers compared to an open economy with free trade. In an open economy with free trade, there are no restrictions on trade and competition from foreign producers can help drive down prices for consumers
Explanation:
Barry owns a small business. He spent $15,000 on marketing expenses and $5,000 in sales costs last year. He obtained 1,000 new customers. What is his
customer acquisition cost (CAC)?
Barry's customer acquisition cost (CAC) is $20 per new customer acquired.
What is his customer acquisition cost (CAC)?Barry's customer acquisition cost (CAC) can be calculated by dividing his total marketing and sales costs by the number of new customers acquired. CAC = (Marketing expenses + Sales costs) / Number of new customers acquired
In this case, Barry spent $15,000 on marketing expenses and $5,000 in sales costs, for a total of $20,000. He obtained 1,000 new customers.
CAC = ($15,000 + $5,000) / 1,000
CAC = $20,000 / 1,000
CAC = $20
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Answer:
$20
Explanation:
Marketing and sales costs are both included in determining the cost to acquire new customers. CAC = (marketing + sales) / number of new customers
(marketing + sales) / number of new = CAC
15000+5000 = 20000 / 1000 = 20
What kind of fiscal policy would work fastest during a recession and would be effective at growing the economy, as opposed to working more slowly during a recession?
Items (4 items) (Drag and drop into the appropriate area below)
The value of food stamps increases by 50%.Unemployment compensation is available for twice as long as it was previously.A law is passed to build a new road and bridge in the state.The government hires one million workers to reduce wait time at government offices.
Categories
Quickly
Drag and drop here
Slowly
Drag and drop here
What kind of fiscal policy should this be?
economy is based on
consumerism or people buying things
so from great depression on wards
in recessions quickest way has been to
basically have the government put money in
people's hands, so they start spending
again or
Keynesian economics
quickly
Unemployment compensation is available for twice as long as it was previously
The government hires one million workers to reduce wait time at government offices.
slowly
The value of food stamps increases by 50%
A law is passed to build a new road and bridge in the state
What is the influence of a free enterprise system
A free enterprise system is one in which government constraints on people ownership and participation in company operations are minimal.
Thus, With the free enterprise system, those who provide these goods and services for sale are largely responsible for how individuals and organizations spend money when they make purchases of goods or services, the prices paid for these purchases, the goods or services purchased, the location where the purchases are made, as well as the client's experience during the purchase process.
In a free enterprise system, there are very few limits placed by the government on the kinds of businesses that citizens might own or engage in. Others frequently refer to this kind of arrangement as a free market or capitalism. You are free to use your money as you like in a free enterprise environment. Numerous businesses are frequently vying for your business, which frequently results in reduced pricing and higher-quality goods.
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The distinction between Buddhist practices and non-Buddhist practices is straightforward.>>>>>
False. Unlike other religions, Buddhist practices are hard to separate from other cultural practices.
False. Like other religions, Buddhist practices blends with other cultural practices.
True. If a practice aims at solving the problem of suffering, then it is Buddhist.
The distinction between Buddhist practices and non-Buddhist practices is straightforward. So the correct statement is If a practice aims at solving the problem of suffering, then it is Buddhist.
Buddhist states that Human life is full of suffering. In order to get relief from suffering one must involve in helping others and performing good actions which help them in receiving incarnation after death.
Buddhists provided a variety of explanations in a variety of terms and approaches, depending on each person's stage of development, intellectual capacity, and ability to follow directions.
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Show how Accounts Receivable, Notes Receivable, and their related accounts would be reported in the current assets section of a classified balance sheet at the end of the quarter on March 31. (Do not round intermediate calculations.)
Accounts Receivable and Notes Receivable are both considered current assets, and they would be reported separately in the current assets section of a classified balance sheet at the end of the quarter on March 31.
How they might be recorded?
Here's an example of how they might be reported:
Current Assets:
Cash $XX,XXX
Short-term investments $XX,XXX
Accounts receivable $XX,XXX
Less: Allowance for doubtful accounts ($X,XXX)
Net accounts receivable $XX,XXX
Notes receivable $XX,XXX
Less: Allowance for doubtful notes receivable ($X,XXX)
Net notes receivable $XX,XXX
Inventory $XX,XXX
Prepaid expenses $XX,XXX
Total current assets $XXX,XXX
In this example, the accounts receivable and notes receivable accounts are listed separately, and each has a corresponding allowance for doubtful accounts/notes receivable account that is deducted to arrive at the net receivable amount.
The net accounts receivable and net notes receivable amounts are then added together to give the total amount of receivables reported in the current assets section of the balance sheet.
It's important to note that the specific account names and amounts will vary depending on the company and their accounting practices, but the overall format and presentation should follow the guidelines of a classified balance sheet.
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A mutual fund has total assets of $39,333,444 and liabilities of $6,753,789. If there are 11,521,000 shares outstanding,
what is the net asset value of the fund?
$3.02
$3.85
$2.83
$2.16
Explanation:
The net asset value of the mutual fund can be calculated by subtracting the total liabilities from the total assets and then dividing the result by the number of shares outstanding.
Total assets = $39,333,444
Total liabilities = $6,753,789
Number of shares outstanding = 11,521,000
Net Asset Value (NAV) = (Total Assets - Total Liabilities) / Number of Shares Outstanding
NAV = ($39,333,444 - $6,753,789) / 11,521,000
NAV = $32,579,655 / 11,521,000
NAV = $2.83
Therefore, the net asset value of the mutual fund is $2.83.
QUESTION 6 of 10: A budget can help you reach a financial goal by:
a) Showing you how you can earn more income
b) Allowing you to see where you can cut back on spending
c) Giving you the tools to change more fixed expenses to flexible expenses
d) All of these
A budget can help you reach a financial goal by Allowing you to see where you can cut back on spending .
Option B is correct.
A person will be able to get the most out of his income, reduce his debt, increase his savings, and achieve financial wellness if you establish a budget. A budget also helps you figure out where you can cut back on spending, giving you more money to save for your goals or pay off debt.
Financial goal :You can keep track of both the money you get and the money you spend by creating a budget. Creating a budget is a great way to ensure that you can cover your monthly expenses. A budget outlines the planned expenses and suggests ways to meet them with resources. A deficit is when expenses exceed income or other resources in a budget. A surplus is when resources are provided for future use.
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Exercise 1.1 1. State whether descriptive or inferential statistics has been used. (a) By 2040 at least 3.5 billion people will run short of water. (b) In a sample of 100 individuals, 36% think that watching television is the best way to spend an evening. (c) In a survey of 1000 adults, 34% said that they posted notes on social media websites . (d) In a poll of 3036 adults, 32% said that they got a flu shot at a retail clinic . (e) Drinking decaffeinated coffee can raise cholesterol levels by 7%. (f) In a survey of 1500 people who gave up driving, the average of the ages at which they quit driving was 85. (g) Experts say that mortgage rates may soon hit bottom. 2. Classifying Data by Type Determine whether the data are qualitative or quantitative. Explain your reasoning. (a) Heights of hot air balloons (b) Carrying capacities of pickups (c) Eye colors of models (d) Student ID numbers (e) Weights of infants at a hospital (f) Species of trees in a forest (g) Responses on an opinion poll (h) Wait times at a grocery store 3. The items below appear on a physician’s intake form. Determine the level of measurement of the data. (a) Temperature (c) Allergies (b) Weight (d) Pain level (scale of 0 to 10) 4. The items below appear on an employment application. Determine the level of measurement of the data.
1.
Descriptive statistics.
(b) Descriptive statistics.
(c) Descriptive statistics.
(d) Descriptive statistics.
(e) Inferential statistics.
(f) Descriptive statistics.
(g) Inferential statistics.
2.
(a) Quantitative - heights are measured using numerical values.
(b) Quantitative - carrying capacities are measured using numerical values.
(c) Qualitative - eye colors are categorical in nature.
(d) Qualitative - student ID numbers are categorical in nature.
(e) Quantitative - weights are measured using numerical values.
(f) Qualitative - species of trees are categorical in nature.
(g) Qualitative - responses on an opinion poll are categorical in nature.
(h) Quantitative - wait times are measured using numerical values.
3.
(a) Interval.
(b) Ratio.
(c) Nominal.
(d) Ordinal.
4.
(a) Ordinal.
(b) Ratio.
(c) Nominal.
(d) Interval.
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The state of Kansas passed legislation in 2007 that allowed employers to select their employee pay method. The legislation was known as the "paperless payroll law," and many employers opted to give their employees pay cards instead of cash, check, or direct deposit. This practice spread to many other states, including New York. In 2017, the law was revoked because it made employers into de facto financial situations.
What are the issues with this practice? What are the benefits?
Many firms chose to send their employees pay cards rather than cash, checks, or direct deposits as a result of the legislation, which was also known as the "paperless payroll law."
For a small business, payroll used to entail hours of arduous, painstaking effort while storing mountains of paperwork and data. Your payroll operations can be paperless and (nearly) effortless because there are numerous online payroll providers available.
You can save time and effort by handling these chores electronically with online payroll programs rather than printing out payroll reports, paying employees with paper checks, and documenting time and attendance on printed timesheets. They may even enable you to cut back on printing and shipping expenses.
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in its first year of operations, Woodmount Corporation reported pretax accounting income of $500 million for the current year. Depreciation reported in the tax return in excess of depreciation in the income statement was $60 million. The excess tax will reverse itself evenly over the next three years. The current year's tax rate of 25% will be reduced under the current law to 30% next year and 35% for all subsequent years. At the end of the current year, the deferred tax liability related to the excess depreciation will be:
The deferred tax liability when related to the excess depreciation would be $ 20 million.
How to find the deferred tax liability ?First, find the amount that the excess tax depreciation will reverse by per year by the formula :
= Excess depreciation / number of years
= 60 / 3
= $ 20 million per year
The deferred tax liability would then be:
= Tax impact next year + Tax impact 2nd year + tax impact third year
= ( 20 million x 30 % ) + ( 20 million x 35 %) + ( 20 million x 35 %)
= 6 + 7 + 7
= $ 20 million
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Discuss the organizational barriers to communication.
Answer:
There are many barriers when it comes to organizational communication, otherwise organizational barriers in communication. To get to the point, there are environmental barriers, cultural barriers, decision-making barriers, remote working barriers, insecurity barriers, interpersonal communication barriers, and so on.
Explanation:
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