The entry to record the sale would include a loss for $1,300. This is because the company is selling the office furniture for less than its original cost.
Explain about entry to record the sale :The original cost of the office furniture was $15,800, and the accumulated depreciation on the furniture was $13,000. When the company sells the furniture for $1,500, it means that it is selling it for $1,300 less than its original cost. This difference between the original cost and the selling price is recorded as a loss on the company's financial statements.It's important to note that option A) an increase in accumulated depreciation for $15,800 is incorrect as accumulated depreciation is a contra-asset account and it will be recorded as a decrease.option C) a total decrease in office furniture for $2,800 is incorrect as the decrease will be only $1,300 (original cost $15,800 - selling price $1,500). and D) a decrease in cash for $1,300 is correct as cash is an asset account and it will be recorded as a decrease as the company gets $1,500 cash from the sale.To learn more about furniture costing refer to:
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The two sources of stockholders' equity are amounts:
a. paid in from shareholders
b. borrowed from banks
c. borrowed from related companies
d. earned by the corporation
Shareholder equity is also known as the book value of the company and is derived from two main sources, the money invested in the business and the retained earnings.
What it entails to be a shareholder?A shareholder is a person or organisation that has contributed funds to a corporation in exchange for a "share" of ownership. Shares of ordinary or preferred stock issued by the corporation and held (i.e., owned) by the shareholder serve as a representation of that ownership. A person or legal organisation registered by a corporation as the legitimate owner of shares of the share capital of a public or private corporation is referred to as a shareholder. Members of a corporation are sometimes used to refer to shareholders.
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which of the following are exempt securities, or are excluded from the definition of a security, under the uniform securities act? i common stock of a new york stock exchange listed issuer ii common stock of a canadian mining company iii contracts requiring periodic payments of fixed amounts into fixed annuities iv endowment contracts
Any security representing an interest in, owing money to, or being backed by an insurance firm with a state licence that was formed under the laws of another state is exempt.
Why is security crucial?
Both a condition of safety and the steps one takes to ensure their own safety can be referred to as security. The town's administration frequently employs extra guards to guarantee that the march is appropriately secured.
Three essential security ideas for internet data are confidentiality, integrity, and availability. The concepts of authentication, authorization, and nonrepudiation are centred on information users. Security is the capacity to accept potential harm from others while restricting their options.
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which of these would not be considered a typical specific public benefit purpose of a public benefit corporation?
A public advantage alliance made by an administration, otherwise called a legal enterprise or government-possessed guild, by and large offers free or sponsored types of help or benefits for the general population.
One of the motivations behind an advantage organization is to make the overall population benefit as estimated by a free outsider norm. The organization may likewise choose to make explicit public advantages. The production of public advantage is characterized as being to the greatest advantage of the organization.
"Explicit advantage organization" signifies a public advantage partnership that states in its articles a particular public advantage reason it chooses for sought-after, however, does exclude a general advantage enterprise that states in its articles a particular public advantage reason it chooses for sought-after.
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which of the following developments from the 1800s emerged from ideas most similar to those expressed in the excerpt?
The development that emerged from ideas most similar to those expressed in the excerpt is the rise of the socialist movement.
The socialist movement, which emerged in the 1800s, was heavily influenced by the ideas of Karl Marx and Friedrich Engels. They advocated for the establishment of a socialist society in which the means of production are owned and controlled by the working class. This idea is closely related to the excerpt's statement that "the government should be responsible for ensuring that all have what they need to live a good life."
Furthermore, socialism also advocates for the elimination of social classes and the redistribution of wealth, which aligns with the excerpt's call for a society where "all have equal opportunity" and where "all have an equal chance to succeed."
Additionally, socialist movements also emphasized the collective ownership of property and public services that could be shared by all citizens as a means of ensuring that everyone has access to the resources they need to live a decent life. This is closely related to the excerpt's statement that "everyone should have what they need to live a good life."
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which of the following international cybercrime laws includes an article that provides for up to 5 years in prison and fines equivalent to about 800,000 u.s. dollars for a. range of offences?
Option 2 is correct. Saudi Arabia's Anti-Cyber Crime Law
In the Cyber Law, the accompanying terms will have the implications relegated thereto, except if the setting requires in any case:
Individual: Any normal or corporate individual, whether public or private.
Data Framework: A bunch of projects and gadgets intended to oversee and handle information, including PCs.
Data Organization: An interconnection of more than one PC or data framework to acquire and trade information, e. g. Neighborhood (LAN), Wide Region Organization (WAN), and the Internet (Web).
Information: Data, orders, messages, voices, or pictures which are ready or have been arranged for use in PCs. This incorporates information which can be saved, handled, sent, or developed by PCs, like numbers, letters, images, and so forth.
PC Projects: A bunch of orders and information which contain directions or applications when run on PCs or PC organizations and carry out required roles.
PC: Any electronic gadget whether portable or fixed, wired or remote, which is outfitted with a framework to process, store, send, get, or peruse information, and which carries out unambiguous roles as per projects and orders.
Unapproved Access: The purposeful, unapproved access of any individual to PCs, sites, data frameworks, or PC organizations.
Digital Wrongdoing: Any demonstration which includes the utilization of PCs or data organizations, disregarding the arrangements of this Regulation.
Site: A site giving information on a data network through a particular Uniform Asset Finder (URL).
Gathering: Wrongfully seeing or acquiring information.
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Complete Question -
Which of the following international cybercrime laws includes an Article that provides for up to 5 years in prison and fines equivalent to about 800,000 U.S. dollars for a range of offences?
1. Unauthorized Computer Access Law
2. Saudi Arabia's Anti-Cyber Crime Law
3. EU Directive 2013/40
4. Jordan Information Systems and Cyber Crime Law
The cost of a plant asset includes the following: multiple select question. O purchase price O disposal cost O depreciation O expense cost to prepare it for use
The cost of a plant asset includes the following - purchase price, expense cost to prepare it for use, depreciation (not disposal cost).
The purchase price of the asset is the amount paid to acquire the asset, this can include taxes and any other charges. The expense cost to prepare it for use is the cost incurred to ready the asset for its intended use, for example, installing a machine in a factory. Depreciation is an accounting method used to allocate the cost of a tangible asset over its useful life, it is not an actual cash outflow but it needs to be considered in the cost of the asset. The disposal cost is the cost incurred to sell or dispose the asset, it is not considered as part of the cost of the asset.
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when crafting an email, which element uses clear, actionable language, and is no more than 45 characters in length
When crafting an email subject line element uses clear, actionable language, and is no more than 45 characters in length.
Option C is correct.
What is an email's subject line?The single line of text that recipients see when they receive your email is the subject line. Make sure your email is optimized for your audience because this one line of text frequently determines whether it is opened or discarded.
Which is a decent subject line ?Keep your subject line to no more than five to seven words, or 40 characters, to avoid being cut off. Your readers want to quickly look through their email. Subject lines with just a few words can sometimes stand out and get the most attention.
Question incomplete:When crafting an email, which element uses clear, actionable language, and is no more than 45 characters in length?
A. Salutation
B. Message body
C. Subject line
D. Signature
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lean, which originated at toyota, uses many japanese terms for its concepts. match the term with the definition.
Our world-famous lean manufacturing system. The way we make automobiles is defined by the Toyota Production System (TPS). It is an unique manufacturing philosophy that pursuits to put off waste and gain the satisfactory viable efficiency – what is regularly known as a “lean” or “Just-In-Time” system.
What is every other term for Lean manufacturing?The concept of Lean manufacturing machine is also acknowledged as JIT – Just-in-Time manufacturing system, SPF – Single Piece Flow, TPS – Toyota Production System and Flexible Manufacturing System. The phrase 'Lean' was once coined by means of Professor James Womack from MIT, US, in the early 1990s, and the thinking was born in Japan.
Toyota Lean Management is a administration philosophy that teaches group participants how to resolve troubles in a way that is nice and sustainable.
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https://brainly.com/question/28928570#SPJ4which of the following describes the qualitative behavior of the maxwell-boltzmann distribution as temperature increases?
As temperature rises, the peak shifts to the right while the distribution widens, which is the qualitative behavior of the Maxwell-Boltzmann distribution.
What effect does temperature have on the distribution of Maxwell's equations?Temperature has an impact on the Maxwell-Boltzmann constant distribution. The molecules have less energy at lower temperatures. The distribution has a narrower range as a result, and the molecular speeds are slower. The dispersion gets more even as the temperature of the molecules rises.
According to the Maxwell Boltzmann distribution curve, the area under the curve must not change as the temperature increases. The curve broadens and shifts "toward the right hand side due to a fall in the proportion of molecules having the most likely kinetic energy" when temperature rises.
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On a statement of cash flows prepared using the indirect method, which of the following transactions causes a negative adjustment?a. Decrease in prepaid expenseb. Issuance of stockc. Increase in inventoriesd. Sale of investments.
On a statement of cash flows prepared using the indirect method, c. Increase in inventories.
In order to determine the amount of cash created by operating operations, the indirect technique for preparing the statement of cash flows entails adjusting net income with changes in balance sheet accounts.
The indirect technique converts the operating component of the cash flow statement from the accrual method to the cash method of accounting by using increases and decreases in balance sheet line items. The direct technique, which lists actual cash inflows and outflows made during the reporting period, is the alternative approach for completing a cash flow statement.
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A soft peg policy typically allows the exchange rate to move up and down by relatively small amounts in _________________, but seeks to avoid extreme short-term fluctuations.
A. the market exchange
B. the medium run
C. the long run
D. the short run
A soft peg policy typically allows the exchange rate to move up and down by relatively small amounts in D. the short run , but seeks to avoid extreme short-term fluctuations.
A soft peg is a type of exchange rate policy in which a country's central bank intervenes in the foreign exchange market to maintain the value of its currency within a certain range, but allows it to fluctuate within that range. The central bank will typically buy or sell its own currency in the market to influence the exchange rate. A soft peg policy typically allows the exchange rate to move up and down by relatively small amounts in the short run, but seeks to avoid extreme short-term fluctuations. This type of policy is often used by countries that want to maintain some level of exchange rate stability, but also want to retain some flexibility to respond to economic changes.
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which of the following occurs when a job has been completed and transferred to the finished goods warehouse?
a) debit to cost of goods manufactured
b) debit to cost of goods sold
c) credit to finished goods
d) credit to work in progress
c) credit to finished goods. When a job has been completed and transferred to the finished goods warehouse, it means that the manufacturing process is finished and the goods are ready to be sold.
At this stage, the cost of the goods is transferred from the work in progress account to the finished goods account. This is done by making a credit entry to the finished goods account, which increases its balance and represents the finished goods available for sale. The debit entry is made to the work in progress account, which reduces its balance. The debit entry does not made to cost of goods manufactured or sold because the goods are now finished and are ready for sale. It is important to note that cost of goods manufactured is an account that is used to accumulate the costs incurred during the manufacturing process, while cost of goods sold is an account that is used to accumulate the costs of the goods that have been sold during a period.
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Which of the following are advantages of related diversification? Check all that apply. Ability for more than one business to share some functions, reducing costs Reduced risk if any one business suffers a downturn Ability to leverage strengths across more than one business Ability to become very good at making and selling a product
Advantages of related diversification include the ability for more than one business to share some functions, reducing costs, and reducing risk if any one business suffers a downturn. Here options A, B, and C are the correct answer.
The ability to leverage strengths across more than one business. When companies diversify into related areas, they can share certain functions like marketing, manufacturing, distribution, and management, which can significantly reduce costs.
Additionally, by diversifying into related areas, companies can spread their risk across multiple business units, reducing the impact of a downturn in any one area.
And companies can leverage their strengths, expertise, and resources across multiple businesses, which can lead to increased competitiveness and better performance.
Complete question:
Which of the following are the advantages of related diversification? Check all that apply.
A - Ability for more than one business to share some functions, reducing costs
B - Reduced risk if any one business suffers a downturn
C - Ability to leverage strengths across more than one business
D - Ability to become very good at making and selling a product
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which of the following are potential risks associated with mrp? multiple select question. products being produced differently from the bill of materials assumption of constant lead time determining inventory usage through backflushing low in-process inventory levels inaccurate forecasts
Lowering inventory levels, reducing lead times for customers, ensuring that materials and components will be available when needed, and improving customer satisfaction are all benefits of MRP.
Which inventory do you refer to?
Inventory is defined vary differently depending on the industry. Here are a few definitions for you: All of the items, materials, products, and merchandise that a business has on hand and intends to sell to clients for a profit are collectively referred to as inventory.
If a newspaper vendor uses a vehicle to deliver newspapers to customers, the only thing that will be counted as inventory is the newspaper. The car will be treated as a valuable asset.
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A large hole in the sidewalk in front of a pet supply store is being repaired. A customer trips on the hole when leaving the store and breaks her ankle. She sues the store for negligence.
Assuming it is true, which of the following would represent at least a partial defense against the negligence claim?
a.)The customer assumed the risks associated with walking down a public sidewalk.
b.)The customer has a history of suing businesses for negligence.
c.)The store owner had placed a sign over the hole saying, "Caution, watch your step."
d.)The store owner genuinely thought that the hole had already been repaired.
The store owner had placed a sign over the hole saying, "Caution, watch your step." is represent at least a partial defense against the negligence claim.
What is meant by partial defense?A partial defense in common law legal systems is one that does not entirely relieve the defendant of guilt. A claim of self-defense, for instance, could completely disprove a murder allegation, resulting in acquittal, or it could only partially disprove the charge, resulting in a conviction for a lesser crime like manslaughter.In England and Wales, a conviction for murder may be reduced to voluntary manslaughter if a partial defense is successfully raised. Loss of control, diminished responsibility, and self destruction settlement are the three sorts of halfway protection. As indicated by Segment 54 of the Coroners and Equity Act 2009, certain safeguards are just permissible against the charge of homicide.Learn more about partial defense refer to :
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A deed transferring complete ownership of a two-acre plot of land to you with no limitations or restrictions would be __________.a.)a fee simple defeasible interestb.)a joint tenancy interestc.)a life estate interestd.)a fee simple absolute interest
A deed transferring complete ownership of a two-acre plot of land to you with no limitations or restrictions would be a fee of simple absolute interest.
The transfer of both business and residential property is accomplished using these deeds. Either the seller sells the property to the buyer, or a family member sells the property to a different family member or relative. The deed's primary goal is to safeguard the transferee from any potential issues, claims, and scams.
Both the buyer and the seller must sign the MOU before the property title is transferred. It contains information about the buyer and seller as well as the filing date for the agreement, the value of the property, and the grace period for making the full payment. The transfer of both business and residential property is accomplished using these deeds.
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Identify social responsibilities of the advertising industry in the United States
To support local enterprises
To participate in civic events
To improve the community
Social responsibilities of the advertising industry in the United States are To support local enterprises, to participate in civic events, to improve the community, to support local enterprises and many more.
Social responsibilities are the responsibilities of citizens to their community and to one another. These responsibilities can include but are not limited to, being a good citizen, providing for your family, participating in the community, and giving back.
Some other social responsibilities are:
To participate in civic events.To improve the community's image.To support the development of new businesses.To promote mental health awareness.To raise money for charity.To support the environment.To support the arts.To promote the development of new technology.To support the growth of small businesses.To support the development of the American economy.To promote the promotion of healthy lifestyles.To support the development of small businesses in rural areas.To develop marketing plans.To develop trade shows and advertising campaigns.To learn about Social responsibilities:
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What questions can project managers ask themselves in order to help manage change effectively? Select all that apply.O How much will the change cost?O How can we get leadership and key stakeholders to force the change?O What are the best means of communication to convey the change?O How will the organization react to change?
The questions can project managers ask themselves in order to help manage change effectively are-
To create projects that are sure to succeed, project managers use collaboration, passion, and organized goal-oriented professionalism. Project managers work on a wide variety of projects, which is in line with their duties and expertise.
The questions would be-
What do we continue doing and what do we stop doing? It is crucial to be clear about what needs to stop and what needs to be continued or started from scratch.
Should this change be made? Thoughtful new approaches and ideas can be developed, but sometimes it's best to take a step back and consider whether the changes are really necessary.
Where do we begin? How to start is undoubtedly the million-dollar question on everyone's mind during a time of change. Apart from the fact that change is difficult, whether it be in a personal or professional context, the idea of starting over scares people the most because they worry about making mistakes or, worse yet, failing.
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suppose that canada produces two goods: lumber (y) and fish (x). it has 18 million workers, each of whom can cut 10 feet of lumber or catch 20 fish each day. a. the maximum amount of lumber canada could produce in a day is 180 million feet of lumber. b. the maximum amount of fish it could produce in a day is 360 million fish. c. draw canada's production possibilities frontier. instructions: use the tool provided 'ppf' and plot only the endpoints such that the first point touches the vertical axis and the last point touches the horizontal axis. d. using your graph, if 60 million feet of lumber are cut, 240 million fish can be caught.
The opportunity cost of producing 1 foot of wood/lumber is 2 fish.
When economists discuss the "opportunity cost" of a resource, they mean the next highest alternative use value of that resource.
If you spend time and money on movies, you can't spend that time at home reading books, and you can't spend that money on anything else.
"When making decisions, the value of the next best option is sacrificed.
Opportunity cost is the value of what you lose by choosing between two or more options. When you make a decision, believe it will be enough, whether you succeed or not.
as a result,
a. 10 feet x 18 million employees = 180 million nails
b. 20 fish x 18 million employees = 360 million fish
c. The opportunity cost of producing 1 foot of wood is equal to 2 fish. As a result, the opportunity cost of producing 60 million feet of wood is equivalent to 120 million fish. Canada can only produce 120 million or 240 million fish from 360 million if it produces 60 million feet of timber.
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The complete question:
Suppose that Canada produces two goods: lumber and fish. It has 18 million workers, each of whom can cut 10 feet of lumber or catch 20 fish each day.
a. What is the maximum amount of lumber Canada could produce in a day?
b. What is the maximum amount of fish it could produce in a day?
c. How many fish can be caught if 60 million feet of lumber are cut.
Refer to Exhibit 24-8. The maximum profits earned by a monopolistic competitive firm will be
A)$0.
B)$300.
C)$350.
D)$80.
The maximum profits earned by a monopolistic competitive firm will be $300.
Monopolistic competition exists when numerous companies offer contending products or services that are analogous, but not perfect, backups. The walls to entry in a monopolistic competitive assiduity are low, and the opinions of any one establishment don't directly affect its challengers. The contending companies separate themselves grounded on pricing and marketing opinions. Monopolistic competition exists between a monopoly and perfect competition, combines rudiments of each, and includes companies with analogous, but not identical, product immolations. cafes, hair salons, ménage particulars, and apparel are exemplifications of diligence with monopolistic competition. particulars like dish cleaner or hamburgers are vended, retailed, and priced by numerous contending companies.
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Which of the following are components of the compensation package for production workers at your company's plants?Base wages, incentive payments per non defective pair produced, and overtime pay.
Option d: Base wages, incentive payments per non defective pair produced, and overtime pay.
A compensation package is a summary of all the ways a company pays its employees, directly or indirectly.
A compensation plan, also known as a gross compensation statement, details how an employer will pay an employee and the non-monetary benefits that the employee provides.
There may be a standard compensation plan that applies to all employees, tiered compensation offerings, or separate plans based on each position.
A balanced compensation package can incentivize you to work for a particular employer and to dedicate yourself to your work.
Components of Employee Compensation – Basic Pay Structure, Variable Compensation Programs, Benefits, Awards and Recognition
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Which of the following are components of the compensation package for production workers at your company's plants?
a. Annual base salary, teamwork bonuses, fringe benefits, and stock options
b. Weekly salary, fringe benefits, year-end bonuses tied to the number of non-defective pairs produced, and overtime pay
c. Hourly wages, fringe benefits, and overtime pay
d. Base wages, incentive payments per non defective pair produced, and overtime pay
e. Annual base pay, piecework incentives per pair produced, perfect attendance bonuses at best practices training programs, stock options, fringe benefits, and overtime pay
identify the competeing roles society places on law enforcment officers and how that can influence behavior ?
Determine the conflicting obligations society sets on law enforcement officials; these obligations might affect how they behave as either public servants or crime fighters.
Law enforcement refers to the organisations and personnel in charge of upholding the rule of law, controlling public safety, and enforcing laws. Investigation, capture, and imprisonment of suspects in crimes are among the main responsibilities of law enforcement. Local, state, and federal law enforcement organisations often fall into one of three categories. Police and sheriff departments are examples of local law enforcement organisations. The state or highway patrol is one example of a state agency. The FBI and the US Secret Service are examples of federal agencies. Communities are to be safeguarded, people are to be held accountable, and justice is to be upheld.
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Companies (should or should not) make tax adjustments when calculating the (after-tax) cost of preferred stock because preferred dividends tax _____deductible, so the company bears their full cost. Based on this information, what is Purple Lemon Fruit Company's cost of preferred stock capital? A) 5.14% B) 4.63% C) 4.88% D) 5.40%
Because preferred dividends are not tax deductible, companies should not make tax adjustments when estimating the after-tax cost of preferred shares.
Based on this information, 4.63% is Purple Lemon Fruit Company's cost of preferred stock capital. Preferred stock (also known as preferred shares, preference shares, or simply preferreds) is a type of share capital that can include any combination of attributes not found in common stock, such as the characteristics of both an equity and a debt instrument, and is thus considered a hybrid instrument.
According to its corporate charter, capital stock is the number of common and preferred shares that a corporation is entitled to issue. Capital stock is the maximum number of shares that can ever be outstanding and can only be issued by the company.
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as countries develop, they naturally adopt more protection of labor and environmental standards.
True, as countries develop, they naturally adopt more protection of labor and environmental standards.
How do developed countries affect the environment?In contrast, the industrialised world consumes the most energy, which significantly adds to the greenhouse gas problem on a global scale. In developed nations compared to developing nations, there is greater energy exploration and use in industrial operations, which helps them become richer.
Modern technology can be used to combat environmental pollution in developed nations, but the consequences will primarily affect developing and less developed nations. Sustainable practises have the potential to improve social cohesion, increase living standards, and arouse optimism for the future.
Through the protection of natural resources, the mitigation of climate change, the promotion of biodiversity, and other factors, sustainable practises are advantageous to the environment.
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Complete question
As countries develop, they naturally adopt more protection of labor and environmental standards. True or False?
Your savings account pays 3 percent per year.Each $100 in the bank grows to $103 over a 1 year period.If prices increase by 1 percent per year,by keeping $100 in the bank for a uear you actually gain $_______.
Your savings account pays 3 percent per year. Each $100 in the bank grows to $103 over a 1 year period. If prices increase by 1 percent per year, by keeping $100 in the bank for a year you actually gain $2.
How to find the amount gained ?The amount gained can be found by the formula :
= Amount the savings grew to - increase in prices
Amount savings grew to = $ 103
Increase in prices = $101
The amount gained is:
= 103 - 101
= $ 2
Your savings account gained $ 2.
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which of the following is a macroeconomic topic? i. china increases interest rates to slow its economic growth. ii. congress lowers tax rates to try and lower the unemployment rate. iii. nissan decides to produce more electric leaf models and fewer altima sedans. group of answer choices i, ii and iii iii only i and ii i and iii ii and iii
China has raised interest rates to slow its economic growth and Congress has cut tax rates to try to lower the unemployment rate, a macroeconomic topic. Here option C is the correct answer.
The area of economics known as macroeconomics focuses on an economy's overall performance, structure, and behavior rather than just a few specific marketplaces. Inflation, unemployment, economic expansion, and governmental policies that have an impact on the economy as a whole are examples of macroeconomic subjects.
i. China increasing interest rates to slow its economic growth is a macroeconomic topic as it deals with the economic performance of China as a whole.
ii. Congress lowering tax rates to try and lower the unemployment rate is a macroeconomic topic as it deals with the economic performance of the country as a whole and the government policies that affect it.
Complete question:
Which of the following is a macroeconomic topic? i. china increases interest rates to slow its economic growth. ii. congress lowers tax rates to try and lower the unemployment rate. iii. Nissan decides to produce more electric leaf models and fewer Altima sedans. group of answer choices
A - I, ii, and iii
B - iii only
C - I and ii
D - i and iii
E - ii and iii
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It is the custom for paper mills located alongside the Layzee River to discharge waste products into the river. As a result, operators of hydroelectric power-generating plants downstream along the river find that they must clean up the river's water before it flows through their equipment.If the government intervenes and corrects the externality in the situation described above, we would expectSelect one:A. the price of paper from the mills to decrease.B. production in the paper mills to decrease.
Paper mills that are close to the Layzee River have a tradition of dumping garbage into the waterway. The right answer is B, which calls for a decline in paper mill output.
It seems likely that the paper mills would be required to take actions to limit the quantity of trash they release into the river if the government steps in and corrects the additional factor in the situation outlined. This may include altering their manufacturing processes or adding new waste-treatment machinery. Such changes would likely increase the mills' production costs, resulting in lower output. Additional fines or penalties levied by the government against the mills might result in a drop in output. This could include altering how they create goods. This might entail making adjustments to their manufacturing procedures or introducing new waste-treatment equipment. The mills' output would surely decrease as a result of these adjustments' higher manufacturing costs.
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I need the answer please help
As given that the taxable state income for the year is $70,000, the applicable tax rate is 5.5%, thus, the tax payable is $3,850.
What does a progressive tax means?A progressive tax is one in which the tax rate rises in proportion to the taxable amount. The term progressive refers to the manner in which the tax rate rises from low to high, resulting in a taxpayer's average tax rate being less than the person's marginal tax rate. The term can refer to either individual taxes or an entire tax system.
We are given that the taxable state income for the year is $70,000. Note that for this salary range, the tax rate of 5.5% is applicable.
Tax payable is computed as:
= $70,000 * 5.5%
= $3,850
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Cash turnover is 4.5 times with no of days in a year 360 days. Annual cash outflow is 175000. Accounts payable can be stretched by 20 days and it will cost 700 per annum. Is it beneficial to get the accounts payable stretched if the return on investment is 8%.
When the return on investment is greater than 8%, it would be beneficial to stretch the accounts payable as it would generate a positive return.
How to explain the turnover?To determine whether it is beneficial to get the accounts payable stretched, we need to calculate the net cash flow generated by the move and compare it to the cost of the extension.
First, we can calculate the cash turnover ratio:
Cash turnover = 4.5 times
Days in a year = 360 days
Cash turnover ratio = 4.5 times / 360 days = 0.0125
Next, we can use this ratio to calculate the average amount of cash held by the company:
Annual cash outflow = 175000
Average cash held = Annual cash outflow / Cash turnover ratio = 175000 / 0.0125 = 1400000
Then, we can calculate the cost of stretching the accounts payable by 20 days:
Cost of extension = 700 per annum
Finally, we can calculate the net cash flow generated by the extension:
Net cash flow = Average cash held - Cost of extension = 1400000 - 700 = 1399300
To check if the net cash flow is positive or not and it's worth to stretch the accounts payable we need to calculate the return on investment:
Return on investment = (Net cash flow / Cost of extension) x 100
If the return on investment is greater than 8%, it would be beneficial to stretch the accounts payable as it would generate a positive return.
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-Microeconomics
Vincent Price makes dining tables, and he is trying to decide how many tables to produce. He can sell each dining table for $3,500. The cost of the first table is $2,000, for the second it's $2,500. For each additional table he produces, the marginal cost of each table increases by $500. How many dining tables should Vincent produce, and what is the total cost of his production?
The number of dining tables that Vincent should produce is
Total cost of production would be $ 24, 500
How to find the number of tables to produce ?The number of dinning tables that Vincent should produce should be the amount that would make the selling price of the table and the marginal cost equal.
This point is:
= Selling cost of table / Marginal cost
= 3, 500 / 500
= 7 tables
The total cost at this point would be:
= 2, 000 + 2500 + 3, 000 + 3,500 + 4,000 + 4,500 + 5,000
= $ 24, 500
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