The taxpayer must increase his 2019 gross income by $5,000 in accordance with the tax advantage rule to make up for the 2018 calculation error. This statement is false.
What various forms of income tax are there?The two types of taxes are direct tax and indirect tax. The term "direct tax" refers to taxes imposed on earned income. Income tax is a great example of direct taxation. The government imposes an indirect tax on a taxpayer in exchange for the goods and services they offer.
The person who pays income taxes is?Income taxes are levied on several types of income, including wages and salaries, investment income, and others. Payroll taxes, which sustain Social Security, are the second-largest source of federal revenue.
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What are 3 examples of mixed economy?.
Three countries, which can be identified as ideal examples of a mixed economy, include,
IndiaChinaNorwayA mixed economy can be referred to or considered as an economy wherein the functioning of economic activities is held by both the public as well as the private sectors. This creates a sense of distribution of essential services and sectors under government control for better and efficient management of the economic functions. The economic activities do not have interference between the public and the private enterprises.
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The following data has been provided by Moretta Corporation, a company that produces forklift trucks:
Budgeted production 3400 trucks
Standard machine-hours per truck 2.9 machine-hours
Standard supplies cost $1.50 per machine hour
Actual production 3800 trucks
Actual machine-hours 10930 machine-hours
Actual supplies cost (total) $17496
Supplies cost is an element of variable manufacturing overhead. The variable overhead efficiency variance for supplies cost is:
A) $135 U
B) $135 F
C) $966 U
D) $966 F
The variable overhead efficiency variance for supplies cost is:
[tex]$135 U[/tex]
The difference between the number of hours actually worked and those that were budgeted, which are then multiplied by the hourly standard variable overhead rate, is known as the variable overhead efficiency variance. The equation is: Variable overhead efficiency variance = Standard overhead rate x (Actual hours - Standard hours)
[tex]=17496*910930-2.9)=1098 or135U[/tex]
A favorable variance occurs when the number of hours actually worked falls within the range of the budgeted number of hours. As a result, the standard overhead rate is applied over fewer hours, which reduces the cost that is spent. A favorable variance just indicates that the allocation base that was used to apply overhead was improved; it does not suggest that a company has really incurred less overhead.
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FILL IN THE BLANK. ___ use allows copyrighted materials to be used to support news reporting, teaching, scholarship, and similar activities, if the use is for educational or library purposes, is not for profit, and is not excessive.
Fair use allows copyrighted materials to be used to support news reporting, teaching, scholarship, and similar activities, if the use is for educational or library purposes, is not for profit, and is not excessive.
When used for things like criticism, parody, news reporting, research and scholarship, and teaching, fair use permits limited uses of copyrighted material without the owner's consent.
In the US, the protection provided by copyright can be greatly increased by the owner. By registering the copyright with the U.S. Copyright Office, this is accomplished. Check out Copyright Registration and Enforcement.
Other sources, even those protected by copyright, are nonetheless permissible to quote and use in your writing. However, in order to use, duplicate, or alter a work that is protected by copyright, you must first obtain the owner's consent. A license is a name for this authorization.
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orda wireless game controller compatible with ps4/pro/pc,with motion motors, mini led indicator and anti-slip design - berry blue
The new edition of the controllers has a led on the touchpad and their buttons and sticks are gray as opposed to the lower back.
The automobiles generate linear motion immediately, which removes the want for actuators and couplings. movement control is a sub-discipline of automation whereby position or speed machines have managed the usage of motion manipulate tools, such as a linear actuator, electric powered motor, hydraulic pump, or servo motor. motion manipulation encompasses each era related to the motion of items.
There are four fundamental motor controllers and drive sorts: AC, DC, servo, and stepper, every having an enter power kind modified to the preferred output characteristic to healthy with an application.
A movement sensor or movement detector is a digital tool this is designed to detect and degree motion. motion sensors are used often in domestic and commercial enterprise security structures, however, they can also be located in phones, paper towel dispensers, sports consoles, and digital truth structures.
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3. total paid-in capital is $87.50 million. at what average price per share were the common shares issued?
We may determine the issue price per share to be roughly $39.96 by dividing this number by the 13,800,000 shares that were issued.
How do you calculate the typical issue price per share of common stock?To get the gross (total) proceeds from the stock issuance, start by adding the net proceeds to the costs. To determine the issue price per share, multiply the gross revenues by the total number of shares issued.
The average cost is computed by dividing the total dollar investment in a mutual fund position by the number of shares held.
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what key to career growth did jeff bezos possess that motivated him to leave a stable lucrative job and create a start-up that became amazon? multiple choice question. ability to take risks eager to please frustration with current situation desire to learn
The key to career growth that Jeff Bezos possessed that motivated him to leave a stable lucrative job and create a start-up that become Amazon was the ability to take risks.
How did Jeff Bezos start Amazon?
In order to start his own online bookstore, Jeff Bezos left his position as an investment banker in 1994 and relocated to Seattle, Washington. Bezos started creating the website's software in his garage while employing a small number of people. He called it Amazon.com. In 1995, it made its first book sale.
The key to career growth that Jeff Bezos possessed that motivated him to leave a stable lucrative job and create a start-up that become Amazon was the ability to take risks.
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Jasmine is at the career services department. She has taken a personality questionnaire and is now talking with a counselor about her vocational interests. At this stage of her career search, Jasmine is likely trying to determine __________.
how much money she can make
her leadership style
vocational fit
her job satisfaction
Jasmine is at the career services department. She has taken a personality questionnaire and is now talking with a counselor about her vocational interests. At this stage of her career search, Jasmine is likely trying to determine a vocational fit.
Career interests reflect the extent to which individuals prefer specific career choices and activities/behaviors that may be common to various positions.
Professional interests can be defined as the set of positions, activities, or occupations that a person holds during his or her professional life. Career Interests is the process by which children and young people test their ideas of what they want to be when they grow up. Grew up is from when she is 4 years old to when she is 14 years old.
The Professional Interest List is a test designed to help people identify their interests and areas of interest. In some cases, it also helps outline the path to get there, such as desired college majors and required work experience.
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which of the following are a type of overhead allocation method? (check all that apply). multiple select question. plantwide overhead rate method departmental overhead rate method division overhead rate method. activity-based costing method
Overhead rate method departmental is a type of overhead allocation method. Hence, option A is correct.
What is Overhead rate method ?To calculate the overhead rate, divide the company's monthly sales by its total overhead costs. The overhead rate is calculated by multiplying this number by 100.
Overhead can be allocated in three different ways. Activity-based costing, diverse production departments, and a single factory overhead rate for the entire plant are the three techniques of costing that are employed.
This costing strategy divides overhead expenses among goods based on a predetermined overhead rate. The company's management calculates this rate at the beginning of the year by dividing the entire anticipated yearly overhead expenses by an allocation basis chosen by the company.
Thus, option A is correct.
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Answer:
Departmental overhead rate method
Plant wide overhead rate method
Activity based costing method
Explanation:
Question 4 of 8 > For each of the scenarios, please decide whether there will be an increase or decrease in short-run aggregate supply or if there will be no change. Changes in the healthcare market cause employers to pay significantly more for health insurance they provide employees. The price of lumber, a commodity, rises drastically due to the effect of heavy winter weather in the American Northwest, where much of the world's lumber is grown. short-run aggregate supply decreases short-run aggregate supply decreases The production of a new type of blade for their combine harvesters, a tractor used to harvest crops, has allowed wheat farmers, like Herbert, to increase productivity by 40%. short-run aggregate supply increases
Increased use of current inputs in the production process is the short-term response of aggregate supply to rising demand (and prices).
A company can't, for the short term, build a new factory or introduce new technology to boost production efficiency because the level of capital is fixed.
What is short run and long run aggregate supply?
The intersection of the economy's aggregate demand and long-run aggregate supply curves determines its equilibrium real GDP and price level in the long run. The short-run aggregate supply curve is an upward-sloping curve that shows the quantity of total output that will be produced at each price level in the short run.
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tim wrench was leading the client services division of amweb for seven years when he was asked to move to another region where the company was setting up its office. before moving, tim was asked to help in finding a successor for him from his team. tim's most obvious choice was judy judge, and the management accepted his choice as judy was a popular person across the company. judy was known for her vivacious nature, was often seen speaking to employees from various divisions, and was always excited to take up a new opportunity. once she became a leader, she continued to give employees freedom and flexibility even if it resulted in deficiencies on the work front like missed deadlines or low quality. judy's initial weeks as a leader were full of confusion among her team members, but many felt that the situation would come under control. when things did not improve in the next two months and many complaints poured in from clients, the management realized that judy was not the best candidate to lead the team. which of the following, if true, would best explain this outcome?
Answer: Research has shown that traits can predict the emergence of a leader, but not his or her efficiency as a leader.
Explanation:
After Judy became Tim's successor she continued to gives employees freedom and flexibility, but it only lead to more deficiencies on work. This case represents researcher's finding about leadership traits and leadership succession, where traits might predict the emergence of a leader,but not his or her efficiency as a leader.
Leadership traits are personal qualities of a person that could be used to define an effective leader. Leadership represents someone ability to guide other individuals, teams, or organization towards the overall goals and objectives.
In preparing an appropriate succesor, a leader has to prepare a proper succession planning. Succession planning details steps for identifying and developing new leaders to replace its predecessor.
In succession planning, there are 10 steps to take into consideration:
Determine the key leadership positionsCreate a small team to assess the job description, key job function and responsibilites.Ask the current leader to work closely with the team.Identify key steps and action items.Link the company's strategic planning and business objectivesIdenfity internal potential candidates Evaluate each candidates capabilities and develop skill development plans to meet any gapsDevelop a trasition timelineDocument progressEvaluate the succession plan effectiveness.We find on the case that, Tim has limited time to prepare its successor and unable to properly prepare Judy for his position. Judy might be seems as a good potential leader, but the reality shown that she is failed to meet the expectation of the management board. She is unable to become an effective leader and replace Tim as expected.
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Complete Question:
Tim wrench was leading the client services division of amweb for seven years when he was asked to move to another region where the company was setting up its office. before moving, tim was asked to help in finding a successor for him from his team. tim's most obvious choice was judy judge, and the management accepted his choice as judy was a popular person across the company. judy was known for her vivacious nature, was often seen speaking to employees from various divisions, and was always excited to take up a new opportunity. once she became a leader, she continued to give employees freedom and flexibility even if it resulted in deficiencies on the work front like missed deadlines or low quality. judy's initial weeks as a leader were full of confusion among her team members, but many felt that the situation would come under control. when things did not improve in the next two months and many complaints poured in from clients, the management realized that judy was not the best candidate to lead the team. which of the following, if true, would best explain this outcome?
a. Judy was a high-performing employee and enjoyed good relationships with everyone on the team.
b. Everyone felt Judy was given insufficient time to prove her worth as a leader.
c. Researcher has shown that traits can predict the emergene of aleader, but not his or her efficiency as a leader.
d. The client complaints were a common thing encountered by the company.
e. Judy demonstrated low levels of consideration ad high-levels of task-orientation.
a mutual fund that invests in common stocks and bonds with the primary objectives of conserving capital, providing income, and long-term growth is called a(n) fund.
A mutual fund that invests in common stocks and bonds with the primary objectives of conserving capital, providing income, and long-term growth is called Balanced fund.
What is balance fund?Financial vehicles known as balanced funds make investments in a combination of the debt and equity markets according to predetermined ratios. These funds, also referred to as hybrid funds, give investors the option of diversifying their mutual fund-based portfolios. They offer the optimum risk-reward balance and help to maximize returns on investment since they maintain a balance between both the debt and equity parts.
The portfolio of balanced mutual funds is made up of between 40 and 60 percent of equity-oriented investments. The fact that these funds guarantee capital growth and act as a safety net against potential threats is their main benefit to investors.
As a result, these funds are primarily targeted towards investors looking for a mix of low-risk investment opportunities, income, and capital appreciation.
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travel lines offered to sell 10 round-trip tickets to elaine. travel lines stated that the acceptance must be in writing by usps next-day service. which of the following acceptances will create a contract between travel lines and elaine?
Elaine notifies Travel Lines in writing that she will purchase the tickets through USPS Next-Day Service.
Explanation:When the offeror accepts the conditions of a sale or contract and the offerer communicates those terms, a contract is created.
Now the agreement can be enforced.In this instance, Elaine notifies Travel Lines in writing that she will purchase the tickets through USPS Next-Day Service.
By delivering the purchase notification the following day, Elaine has established a contract.
What are the four fundamental components of a legal contract?The fundamental components necessary for the agreement to be a legitimate offer and acceptance, appropriate compensation, capacity, and legality are: mutual assent, represented through a contract-compliant offer, In some states, a suitable alternative can satisfy the requirements of consideration.
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How do bonds work as an investment?.
The bonds work as an investment when you buy a bond, you make a loan to the issuer and they agree to repay you the face value of the loan on a certain date and pay you regular interest payments on an ongoing basis, usually twice a year.
What is investment?An investment is essentially an asset created with the purpose of allowing money to grow. The wealth you create can be used for a variety of purposes, such as covering income, saving for retirement or meeting certain obligations, such as repaying loans, paying school fees or acquiring other assets.
Understanding the definition of investment is crucial because sometimes it can be difficult to choose the right tools to achieve your financial goals. If you know how important investing is in your financial situation, you can make the right choices. Investing can earn you income in two ways. first, when you invest in tradable assets, you can earn income through profits. second, once an investment is made in an income plan, you earn income by accumulating profits.
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The following is cost Information for the Creamy Crisp Donut Company. = Entrepreneur's potential earnings as a salarled worker = $55,000 Annual lease on building = $23,000 Annual revenue from operations = $320.000 Payments to workers = $130,000 Utilities (electricity, water, disposal) costs = $8,000 Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 Creamy Crisp's total economic costs are Multiple Choice S302,000. $161.000. $18.000. $167.000
Creamy Crisp's total economic costs will be $302,000. Hence, option a) is correct.
Total cost = $55,000+ $23,000+$130,000+$8,000 +$80,000+$6,000
= $302,000
What is Total cost?
Total cost is a word used in economics to express how much it costs a corporation to produce a product or all associated costs. It can also be used to figure out how much using services will cost. A key metric of financial health is total cost. It offers particular details about the typical expenditures made by an individual or business. Total cost can help you assess whether you are overspending on a particular item and whether you need to reduce any of those prices.
Total cost in the context of a business can motivate an organization to seek out strategies to increase or decrease earnings.
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pharoah company acquires a delivery truck at a cost of $62,000 on january 1, 2022. the truck is expected to have a salvage value of $16.000 at the end of its 5-year useful life compute annual depreciation for the first and second years using the straight-line method.Annual depreciation expense: Year 1 $____________. Year 2 $____________
If pharoah company acquires a delivery truck at a cost of $62,000 on january 1, 2022. The Annual depreciation expense: is Year 1 $9,200 and year 2 $9,200.
How to find the annual depreciation expense?Using this formula to find the annual depreciation expense
Depreciation = Assets - Salvage value /Useful life
Let plug in the formula
Depreciation = $62,000 - $16,000 / 5
Depreciation = $46,000 / 5
Depreciation = $9,200 each year
Therefore the Annual depreciation expense is $9,200 per year.
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Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, and $50 increments. Assume Apple sells $19.5 million in iTunes gift cards in November, and customers redeem $12.5 million of the gift cards in December.
1. Record journal entries for cash receipt and for revenue earned from redemption of gift cards
2. Ending balance in deferred revenue account
The ending balance in the unearned revenue account is $7 millions .
Record journal entries ?Debit: Cash. $19.7m
Credit: Unearned Revenue $19.7m
Being sales of gift card for the month of December.
Debit: Unearned Revenue. $12.7m
Credit: Sales. $12.7m
Being actual gift card redeemed for the month if December.
Unearned Revenue a/c has a credit balance of $7m as unredeemed gift card. Its a liability to the company as they have the money but the cards are yet to be redeemed.
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you deposit $15,000 in the bank. the account will pay interest at the rate of 8% per year, compounded annually. what will the balance in the account be at the end of the 5th year? g
$15k is deposited in the bank by you. Interest on the account will be paid at a compounded yearly rate of 8%. At the end of the fifth year, the account will have a balance of $22,039.92.
How is a future value computed and what does it mean?The worth of a current asset in the future, or its future value (FV), is determined by an assumed rate of increase. Future value is important to investors and financial planners because it enables them to predict how much an investment made now will be worth in the future.
The formula for future value (FV) can be written as follows: FV= PV*(1+i)n, where PV is the present value, I is the interest rate, and n is the number of time periods.
The formula for calculating future value:
FV = [tex]P (1+r)^{n}[/tex]
FV = Future value
P = Present value= $15000
R = interest rate = 8%= 0.08
N = number of years= 5
Future value= [tex]P (1 + 0.08)^{5}[/tex]
=[tex]15000 (1.08)^{5}[/tex]
= $15000 X 1.469
= $22,039.92
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TRUE/FALSE. when a monopolistically competitive firm cuts its price to increase its sales, it experiences a loss in revenue due to the income effect and a gain in revenue due to the substitution effect.
When a monopolistically competitive firm cuts its price to increase its sales, it experiences a loss in revenue due to the income effect and a gain in revenue due to the substitution effect. Thus the statement is False.
What is the Substitution effect?When a product's price increases, consumers may transfer to less expensive substitutes, which results in a decline in sales known as the substitution effect.
When a consumer switches from one product to another owing to a change in comparable costs and finances, it may result in the substitution effect.
Customers have the option to purchase a comparable product from another company when a monopolistic rival raises its price. A corporation with perfect competition would lose more clients as a result of a price increase from a dominant rival.
Therefore, the statement is False.
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what approach would you recommend that low- and middle-income countries take to prevent and control unintentional injuries?
Low- and middle-income countries take to prevent and control unintentional injuries by Carrying out pilot projects based on what has worked in high-income countries, adapting to the local context, and expanding more broadly with time.
Unintentional injury, as the term implies, is one that occurs without purpose—that is, without intending to harm anyone. Carelessness, inattention, and distraction are a few of the causes of this type of damage.
The main criterion for low- and middle-income nations is pilot projects. It consists of small-scale research and a feasibility test for long-term beneficial undertakings. As a result, they can benefit greatly from the labor investments made by industrialized nations and create long-term stability.
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when selling stocks, which method of calculating basis provides the greatest opportunity for minimizing gains or increasing losses? a) lifo b) fifo c) weighted average d) specific identification e) none of the choices are correct.
Specific Identifications are the best methods for selling stocks that provide the greatest opportunity for minimizing gains or increasing losses. Hence, option D is appropriate.
What are stocks?All of the shares used to split ownership of such a company or an organization constitute stock in the financial world. A single share of stock represents a fractional ownership interest in the company based on the total number or shares.
An investment in a business is known as a stock. Company can issue stock ability to raise capital to fund operational expenses and drive expansion, and investors purchase those stock shares in order to have the chance to make a profit.
Hence, option D is correct.
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With regard to personality dimensions, ____________ can be defined as anything done by an employee that is intentionally negative for his or her organization.counterproductive work behaviors
Workplace bad habits, Unproductive work habits can hurt organized groups of people, including employees, clients, and customers. some of the dimensions.
What underlies Hans Eysenck's model of personality?The basic tenet of Hans Eysenck's personality model is that each person has a unique amount of arousal and sensitivity to stimuli due to variances in their genome.Conscientiousness, agreeableness, neuroticism, openness to experience, and extraversion make up the big five personality traits.The four primary personality theories are psychoanalytic, humanistic, trait perspective, and behaviorist theory.Workplace bad habits. Unproductive work habits can hurt organized groups of people, including employees, clients, and customers. some of the dimensions.To learn more about Hans Eysenck's personality model refer to:
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Consider a good with external costs. Which of the following descriptions characterizes quantities of goods between the market equilibrium quantity and the allocatively efficient quantity?
a) These quantities will not be produced by the private market, but the government can add these quantities to production using a subsidy, resulting in higher economic efficiency.
b) These quantities will not be produced by the private market, but the government can add these quantities to production using a tax, resulting in higher economic efficiency.
c) These quantities will be produced by the private market, but the government can eliminate these quantities from production using a subsidy, resulting in higher economic efficiency.
d) These quantities will be produced by the private market, but the government can eliminate these quantities from production using a tax, resulting in higher economic efficiency.
Consider a good with external costs. When the market equilibrium quantity is differe with the allocatively efficient quantity, these quantities will be produced by the private market, but the government can eliminate these quantities from production using a tax, resulting in higher economic efficiency (D).
Allocational efficiency or allocative efficiency is a characteristic of an efficient market where all capital is utilized in a way that is most beneficial to all the parties involved. Allocative efficiency represents an optimal distribution of products to consumers in an economy and an optiomal distribution of financial capital to firms among investors.
Allocative efficiency happens when all parties in a market are able to use the available data accurately and readily to make decision about how to utilize their resources. Allocative efficiency is located at an output level where the price equals the marginal cost (MC) of production. In this condition, consumers are willing to pay the price that they believe is equal to the marginal utility (MU) they get.
Market equilibrium is achieved whe a certain amount of the individual commodity provides maximum satisfaction to society. Meanwhile allocative efficiency occures when the products produced close to the quantity desired by society.
To make sure the market equilibrium quantity and the Allocatively efficient quantity meet at the same point, the government could generate tax to eliminate these quantities of product desired. The private sector will be responsible to produce the desired products. The tax implemented by the government will decrease the quantity of products desired by society hence help the economy reach higher efficiency.
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Ralph is a 70-year-old retired fireman with no dependents. He wants to invest in an annuity that will produce a steady stream of income that begins now and continues throughout his life. He has $175,000 to invest and wants to receive the most income he can every month. Which of the following is the most suitable annuity for Ralph based on his objectives?
A fixed income annuity with a 10 year term certain.
A variable annuity with a guaranteed death benefit.
A longevity annuity.
An immediate, single-premium life annuity.
(D) An instant, single-premium life annuity is the best kind of annuity for Ralph given his goals.
What is an annuity?The purpose of an annuity, a long-term investment provided by an insurance company, is to lessen your chance of outliving your income.
Our purchase payments (what you give) are transformed into recurring payments that may last a lifetime through annuitization.
Regular savings account deposits, mortgage payments, insurance premiums, and pension payments are all examples of annuities.
The periodicity of payment dates allows for the classification of annuities.
So, Ralph's objectives dictate that an instant, single-premium life annuity is the best type of annuity for him.
In comparison to a single-life annuity, a fixed-income annuity with a 10-year term certain will have a lower monthly benefit.
The monthly benefit will be less with a variable annuity with a guaranteed death benefit, and there will be risk associated with the monthly payment.
Typically, a longevity annuity doesn't start paying out until age 85.
Therefore, (D) An instant, single-premium life annuity is the best kind of annuity for Ralph given his goals.
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Complete question:
Ralph is a 70-year-old retired fireman with no dependents. He wants to invest in an annuity that will produce a steady stream of income that begins now and continues throughout his life. He has $175,000 to invest and wants to receive the most income he can every month. Which of the following is the most suitable annuity for Ralph based on his objectives?
a. A fixed income annuity with a 10 year term certain.
b. A variable annuity with a guaranteed death benefit.
c. A longevity annuity.
d. An immediate, single-premium life annuity.
ethan worked as a salesperson for a pharmaceutical company. for the past year he missed every sales quota and stretch goal originally set at the beginning of the year. even though his boss worked with him and sent him to receive additional training, ethan improved only slightly. in addition, ethan was not a team player and often upset other employees. his boss has decided to let him go and is now considering what type of termination to use. which of the following describes a mutual-agreement termination?
The reason for a mutual agreement termination is option A: His boss wants Ethan to quit but decides to soften blow of the firing (as in a forced resignation).
The best way to let Ethan go that would prevent him from fully feeling the blow of being fired is to convince him to resign because he isn't doing what the company demands. To achieve mutual agreement for Ethan's job termination from the company, a forced resignation would be the best course of action in the scenario in question.
Employees believe that training is how the company is putting them in position for better opportunities. This promotes loyalty to the company and job satisfaction. To increase employee retention, training should emphasise the importance of the employee. Employees are interested in attending trainings and seminars to learn more.
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Complete question is:
Ethan worked as a salesperson for a pharmaceutical company. for the past year he missed every sales quota and stretch goal originally set at the beginning of the year. even though his boss worked with him and sent him to receive additional training, ethan improved only slightly. in addition, ethan was not a team player and often upset other employees. his boss has decided to let him go and is now considering what type of termination to use. Which of the following would be a reason for a mutual-agreement termination?
a.His boss wants Ethan to quit but decides to soften blow of the firing (as in a forced resignation)
b.The company is downsizing and has eliminated the employee's position
c.His boss fires him directly for failing to meet goals
d.Ethan think he can do better next year and wants another chance to increase his sales
terrance, age 47, withdrew $22,000 from an employer-sponsored qualified retirement plan to pay for a new rv. compute the tax cost (and premature withdrawal penalty, if applicable) of the withdrawal if terrance has a 37% marginal tax rate on ordinary income. Tax Cost is_____?
If terrance, age 47, withdrew $22,000 from an employer-sponsored qualified retirement plan to pay for a new rv. The tax cost is: $10,340.
How to find the tax cost?Using this formula to find the tax cost
Tax cost=(Amount withdrew × Marginal tax)+ Premature withdrawal penalty
Let plug in the formula
Tax cost=x ($22,000 × 37%) + $2,200
Tax cost=$8,140+$2,200
Tax cost=$10,340
Therefore the tax cost is is the amount of $10,340.
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in the short run, perfectly (or purely) competitive firms will maximize their profit by producing which of the choices? select all that apply. any quantity where marginal revenue > marginal cost the quantity where marginal revenue
According to given statement the quantity where marginal revenue = marginal cost.
What does revenue mean?Revenue is the entire revenues earned as from sale of goods or services related to a company's company's primary activity. Because it appears at the end of the wage statement, revenue, which is also know as total profits, is frequently referred as the "top line."
Is income the same as revenue?You should be aware that "revenue" refers to the whole amount of money a business makes before deducting any expenses when comparing revenue and income. On the other hand, "income" is determined by deducting corporate expenses like depreciation, debt, taxes, and other charges from revenues.
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The complete question is-
In the short run, perfectly (or purely) competitive firms will maximize their profit by producing (select all options that apply):
- a quantity where marginal revenue > marginal cost.
- the quantity where marginal revenue = marginal cost.
- the largest quantity possible, not considering costs or revenues.
- a small quantity to drive up the price.
- the quantity where price equals marginal cost.
- none of the above are correct.
when calculating the weighted average cost of capital, weights are based on
When calculating the weighted average cost of capital, weights are based on how much debt and equity the company uses.
What is the weighted average cost of capital (WACC)?Bondholders' or shareholders' average cost to attract investors is shown by the weighted average cost of capital (WACC). The computation gives internal initiatives or possible acquisitions a clear hurdle rate by weighting the cost of capital based on how much loan and equity the firm utilizes.
Because WACC expresses the return that both bondholders and shareholders require in order to provide the company with capital in a single number, it is frequently used to calculate the required rate of return (RRR). Because investors will demand higher returns, a company's WACC is likely to be higher if its stock is relatively volatile or if its debt is regarded as risky.
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What are the personal entrepreneurial competencies of a successful entrepreneur?.
All entrepreneurs should have the following skills:
• Personal Skills:
These skills include creativity, determination, integrity, tenacity, emotional balance, and self-criticism.
• Social skills:
These competencies include communication, commitment/charisma, delegation and respect.
• Business Skills:
These competencies include business vision, resource management, networking, and negotiation skills. Entrepreneurship is the set of skills and behaviors required to start, develop, manage and grow a business. This includes the ability to manage the risks associated with running a business.
Being innovative and creative is important, but being competent is essential to business growth. These can be achieved through training, learning new skills, attitudes, personal relationships, initiative and information seeking to achieve entrepreneurial goals. Identify strengths and weaknesses.
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what will happen to the money supply and the equilibrium interest rate if the federal reserve sells treasury securities?
"The amount of money in circulation will drop, and the equilibrium interest rate will rise," when the money supply and the equilibrium interest rate if the federal reserve sells treasury securities.
On December 23, 1913, President Woodrow Wilson signed the Federal Reserve Act, which established the Federal Reserve. It is the United States' central bank, and it was established to give the country a more secure and stable financial and monetary system.
The Federal Reserve has four duties: implementing monetary policy, To ensure the banking and financial system, banks and other financial institutions are regulated and overseen. To reduce the risks associated with the financial markets, keep the financial system stable while also providing the US government, financial institutions, and the nation's payment systems with financial services.
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Hedman Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range Sales (9,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 270,000 202,500 67,500 63,750 36. What is the margin of safety percentage?
The margin of safety percentage is 6%
What is the margin of safety percentage?The relevant range Sales (9,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 270,000 202,500 67,500 63,750 36.
Below is a graph showing how the margin of safety percentage was calculated;
The ratio of the contribution margin is
Sales = Contribution margin
= ($675,00 ÷ $270,000)
= 0.25
In dollars, the current breakeven point is
= Contribution margin ratio Fixed cost
= ($63,750 ÷ 0.25)
= $255,000
The fact that
Safety margin = total sales - Sales at breakeven.
= ($270,000 - $255,000)
= $15,000
The current margin of safety% is
= MOS - Gross sales
= ($15,000 ÷ $270,000)
= 5.56%
= 6%
The margin of safety percentage is 6%.
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There is a 6% margin of safety.
What is the percentage of the margin of safety?The crucial range Sales (9,000 units) (9,000 units) Variable costs Margin of contribution Fixed costs 270,000 202,500 67,500, 63,750, and 36 were the net operating earnings.
The contribution margin ratio is Contribution margin = Sales
= ($675,00 ÷ $270,000) = 0.25
The current breakeven point in USD is Ratio of contribution margin Fixed price
= ($63,750 ÷ 0.25) = $255,000
Considering that,
Total sales minus sales at breakeven equals safety margin.
= ($270,000 - $255,000) = $15,000.
Currently, the margin of safety is %.
Gross sales equals MOS.
= ($15,000 ÷ $270,000) = 5.56% = 6% (Approx.)
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