Ataxia fitness center considers an investment in some additional weight training equipment. So, the payback period on this equipment is closest to 3.215 years.
Given,
Internal rate of return on the equipment = 6%.
Ataxia's discount rate = 6%.
The payback period on the equipment is considered to be closest to = ?
So, let the initial outlay be 50,000.
At the IRR, the Present Value of inflows = Present Value of the outflows.
Thus, the present value of annuity= Annuity1 - (1+interest rate)^-time period/rate
50,000 = Annuity1-(1.14)^-5/0.14
50,000 = Annuity * 3.2161156
Annuity = 50,000 / 3.2161156
= $15,551.54
Payback Period = Initial outlay / the annual cash flows
=(50,000 / 15,551.54)
= 3.215 years
Hence, Ataxia fitness center considers such an investment.
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Simpson Company applies overhead on the basis of 200% of direct labor cost. Job No. 305 is charged with $120,000 of direct materials costs and $200,000 of manufacturing overhead. The total manufacturing costs for Job No. 305 is $210,000 $270,000 $300,000
The Simpson Company bases its overhead calculations on a 200% direct labor cost ratio. $120,000 in direct materials expenses and $200,000 in manufacturing overhead are billed for Job No. 305.
What does job number 305's total manufacturing cost equal?For Job No. 305, the total manufacturing expenses were $120,000 + ($200,000 / 2) + $200,000 = $420,000.
What do you mean by the overall cost of production?Total manufacturing expenses reveal how much money your business spent making its goods during a specific time period. This comprises a full breakdown of the price of overhead, the cost of the materials utilized, the cost of the labor, and any additional manufacturing costs that went into producing the product.
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in the pupillary light reflex of a healthy individual, light falling on the left eye will cause only left pupil constriction.
From the question the true statement is: the light falling on one eye will cause both pupils to constrict equally.
What the function of pupils?The pupil opens and closes to control the amount of light entering the eye. Light from the outside of the eye enters the pupil through a clear lens. This light is focused on the retina, the layer of light-sensitive cells in the back of the eye. The pupil lets light into the eye while the iris muscles change shape. The lens of the eye focuses light passing through the pupil. The light then travels deep into the eye and hits the retina.
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you are considering buying stock in new england bankshares corporation. which of the following are examples of risk that can be diversified away?
The risk associated with a potential lawsuit against New England Bankshares might be diversified away when thinking about purchasing stock in the company.
The likelihood that a person or company will go to court is known as a litigation risk. I.e risk associated with a potential lawsuit. The person or business may be facing legal action as a result of their goods, services, deeds, or other circumstances.
Due to the significant potential financial benefit for plaintiffs, huge corporations are particularly vulnerable to legal action.
The costs of legal defence as well as potential outcomes (such as settlements) are taken into consideration when evaluating the risk of litigation.
Customers, suppliers, rival company, or even shareholders of a corporation could sue.
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An entity engaged an accountant to review its financial statements in accordance with Statements on Standards for Accounting and Review Services. The accountant determined that the entity maintained its accounts on a comprehensive basis of accounting other than generally accepted accounting principles (GAAP). In this situation, the accountant most likely would have taken which of the following actions?
A. Withdrawn from the engagement because the entity has not been following GAAP.
B. Advised management to make the adjustments necessary for the account balances to conform with GAAP.
C. Modified the review report to reflect the fact that the financial statements were presented on another comprehensive basis of accounting.
D. Requested that management justify the use of the other comprehensive basis of accounting in the management representation letter.
In this situation, the accountant most likely would have taken the action to modify the review report to reflect the fact that the financial statements were presented on another comprehensive basis of accounting.
Financial statements (or financial reports) are kinda records of the financial activities associated with the degree position of a business, person, or different entity. Relevant financial data is bestowed in an exceedingly structured manner and in a form that is simple to understand. for big corporations, these statements could also be complicated and will embody an intensive set of footnotes to the financial statements and management discussion and analysis.
The notes usually describe every item on the balance sheet, operating statement, and income statement in additional detail. "The objective of economic statements is to supply information about the financial position, performance associate degree changes in the monetary position of an enterprise that's helpful to a large variety of users in creating economic decisions."
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prance, inc., earned pretax book net income of $1,881,000 in 2021. prance acquired a depreciable asset that year, and first-year tax depreciation exceeded book depreciation by $188,100. prance reported no other temporary or permanent book-tax differences. the pertinent u.s. federal corporate income tax rate is 21%, and prance earned an after-tax rate of return on capital of 4%. enter below prance's 2021 deferred tax benefit or expense and any deferred tax asset or liability.
Balance Sheet
Deferred Tax liability: $ 343770=1637000*21%
Income Statement
Deferred Tax Expense: $ 343770=1637000*21%
Prance's Total tax expense will be
Current Tax expense: 309393=(1637000-163700)*21%
Add :Deferred Tax Expense: 343770
Total Tax Expense: $ 653163
A tax is a obligatory economic fee or a few different form of levy imposed on a taxpayer (an person or criminal entity) by means of a governmental organisation on the way to fund government spending and numerous public prices (nearby, nearby, or national),[2] and tax compliance refers to policy actions and person behaviour aimed toward ensuring that taxpayers are paying the right amount of tax on the proper time and securing the appropriate tax allowances and tax reliefs.[3] the first regarded taxation took place in historic Egypt around 3000–2800 BC.[4] A failure to pay in a well timed manner (non-compliance), together with evasion of or resistance to taxation, is punishable by using law. Taxes encompass direct or indirect taxes and can be paid in money or as its exertions equal.
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thomas, cpa, has audited the consolidated financial statements of kass corporation. jones, cpa, has audited the financial statements of its sole subsidiary, which is significant in relation to the total audited by thomas. it would be appropriate for thomas to serve as the group auditor, but it is impracticable for thomas to review the work of jones. assuming an unmodified opinion is expressed by jones, thomas should
D. Analyze the consolidated financial accounts without modification and mention Jones' work. The activities and financial success of a firm are detailed in financial statements.
Financial accounts are routinely audited by government agencies, accounting firms, etc. to ensure correctness and for tax, financing, or investment reasons. The four fundamental financial statements for for-profit businesses are the balance sheet, income statement, statement of cash flow, and statement of changes in equity.
Nonprofit organizations employ a similar but different set of financial statements. Investors and financial analysts utilize financial information to evaluate a company's performance and project where the stock price will go in the future. One of the most important sources is the annual report, which provides the company's financial statements.
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all of the following were the objectives of the glass-steagall act except group of answer choices discouraging speculation in financial markets. limiting bank mergers when the merger might adversely affect competition. preventing conflict of interest and self-dealing. restoring confidence in the commercial banking system. all of the above were the objectives of the glass-steagall act.
All of the following were the objectives of the glass-steagall act except, limiting bank mergers when the merger might adversely affect competition. Therefore, the first option is the correct answer.
The Glass Steagall Act of 1933, a landmark piece of American legislation, distinguished between commercial and investment banking. As a result, banks were for the first time obligated to safeguard a percentage of their customers' funds, a requirement known as FDIC insurance today.
The Glass-Steagall Act attempted to control the financial industry and set rules on it. President Franklin D. Roosevelt signed it on June 13, 1933, and it was the first step in establishing trust in the nation's banking sector.
Glass-Steagall had two goals: first, it separated commercial banks from investment banks, and second, it established the FDIC. Consumer bank deposits were insured by the Federal Deposit Insurance Corporation (FDIC).
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the best approach to budgeting is objective and task budgeting, whereby the company determines its promotion objectives, outlines the tasks to accomplish these objectives, and multiple choice asks the ad agency for an estimate. surveys customers to determine what spending levels they think are appropriate. asks the media to propose a program. determines what spending level top management will allow for the proposed program. determines the promotion cost of performing these tasks.
The objective task method, which is also known as the "objective and task" method, is a system in which a business decides how much money to put into its marketing budget based on specific goals rather than just on sales revenues or projections.
What is the goal and the task?The actions you need to take to reach your goal are called tasks. Examples of tasks include: Objective: what you would like to do. Goal: how much and when you intend to do it.
What is advertising's purpose?The development of a company's brand and the establishment of a relationship between the company and its customers through that brand are the goals of advertising in order to initiate and maintain sales to those customers.
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You've determined the core problem is that Angel needs to choose the platform that will provide the easiest transition for the least amount of money. Angel says this is basically what he was thinking, but he points out the decision doesn't seem so simple once he starts running numbers. He says there are many qualitative costs he just can't put a number on and hidden costs he's having trouble anticipating. You discuss with him what he knows about the company's growth and goals, and help him formulate some criteria on which to base his decision.
I suggest to Angel to look for which platform will provide the most flexibility and adaptability as the company grows and changes over time.
Simply comparing the cost and performance of a new platform may not be the ideal long-term strategy because technology is continuously changing and businesses are also evolving. Any significant change in technology will be expensive. Because of this, it is advisable to prevent too many such transitions by selecting a cloud platform that is more adaptive and flexible to changing requirements over time as a company
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The theory of constraints (TOC) is:
A. A strategic technique primarily used to reduce waste
B. A strategic technique used to help firms effectively improve the rate at which raw materials are converted to finished goods and then money through sales
C. A strategic technique used to balance capacity across all resources
D. All of the above
The theory of constraints (TOC) is a strategic technique used to balance capacity across all resources.
What does a TOC constraint mean?The Theory of Constraints is a process for determining the most significant constraint (i.e., limiting factor) that prevents the accomplishment of a goal and then methodically removing that limitation until it is no longer the constraint. The restriction is frequently referred to as a bottleneck in manufacturing.
What do SQL Mcq constraints mean?Explanation: A constraint outlines the guidelines that will allow or prohibit the data that can be placed in a table. The constraints that provide guidelines for data input are the PRIMARY KEY, NOT NULL, and CHECK.
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Tums antacid stresses the fact that it is a calcium supplement in its advertisements. It also stresses the health benefits of calcium. Most people already know Tums contains calcium. The new promotion is trying to change the attitude toward Tums by: changing the perceived importance of the attribute. adding a new attribute to the product. changing the basic product. adding a new attribute and re-positioning the product. lowering the price.
The fact that Tums contain calcium is generally known. The new advertising aims to alter people's perceptions of Tums by: modifying the attribute's perceived importance
Advertising refers to the methods used to draw attention to a good or service. In order to attract consumers' attention, advertising seeks to highlight a good or service. It is often used to market a particular product or service, although there are many other applications as well, with commercial advertising being the most popular.
Advertising's ability to enlighten customers about the products that are available is beyond question. Effective advertising is crucial to a company's existence in a free-market economy because without consumer awareness of a company's goods, they are unlikely to be purchased.
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multiple-step income statements: never include a computation for gross profit. list cost of goods sold as an operating expense. have three main parts: gross profit, income from operations, and net income. are required for the periodic inventory system. are only used in perpetual inventory systems.
Gross profit, income from operations, and net income are the three basic components of multiple-step income statements. The right response in this case is option B.
An organization's financial statement in a structure that presents revenues, expenditures, and expenses for a particular reporting period is known as a multi-step income statement. It employs a number of formulae to calculate a company's net income and offers a more thorough description of costs than a single-step income statement.
Operating and non-operating earnings and costs are divided into categories in the multi-step income statement. It aids users in assessing the organization's financial performance. Users will be aware of the profit generated by the main business operations of purchasing and selling things as well as how it differs from non-operating activities.
Complete question:
Multiple-step income statements:
A) Never include a computation for gross profit.
B) Have three main parts: gross profit, income from operations, and net income.
C) Are required for the periodic inventory system.
D) List the cost of goods sold as an operating expense.
E) Are only used in perpetual inventory systems.
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Expected cash collection pattern is 50% in the month of sale, 30% in the following and 15% in the second following month. Five percent of the credit sales December collections will be: month, are uncollectible Sales Budget Month October November December January Credit Sales $80,000 $100,000 $120,000 $70,000 a. $70,000 b. $102,000 c. $108,000 d. $100,000 Expected cash collection pattern is 50% in the month of sale, 30% in the following month. and 15% in the second following month. Five percent of the credit sales are uncollectible. November collections were $92,000. September sales were: Sales Budget Month October November December January Credit Sales $80,000 $100,000 $120,000 $70,000 a. $90,000 b. $120,000 c. $100,000 d. $100,000
Cash collections for December should be $103,500
Explanation:
As a percentage of any sales is usually made on account which is 75%. The cash collection shall be received in categories as follows:
Cash collection on account
$Month of sale 50% × 75�cember Sales
= 50% × (100-25)% × 120,000 = 45,000
One month after sales
30% × 75% × November sales
30% × 75% × 180,000 = 40,500
2 months after sales
15% × 75% × October sales
15% × 75% × 160,000 = 18,000
103,500
Cash collections for December should be $103,500.
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please help: Read this case, then answer these questions:
A. Who would you lay off? (Identify by name)
B. Why? Explain your decision in at least one paragraph of 5 sentences. Be sure to identify the criteria you used as the basis for your decision.
C. Are there any potential legal implications of this decision? (One paragraph, 5 sentences; identify specific potential issues and explain why they may be an issue.)
D. Provide 4 guidelines you would follow during the discharge meeting. Why are they important? (One or two sentences for each guideline.)
As a sales technique, networking
A. can happen in person or online through professional sites such as LinkedIn™
B. collects personal customer information after a customer has purchased a product or service
C. eliminates the need for prospecting and instead relies on word-of-mouth recommendations
D. enables multiple companies to work together to establish relationships with customers
As a sales technique, networking can happen in person or online through professional sites like LinkedIn™. Option A is correct.
What is networking?It corresponds to the process of meeting people in the professional environment to form a network of contacts, which occurs naturally and spontaneously, being a positive strategy for integration into the labor market.
Therefore, networking is essential for an individual seeking an opportunity in the job market, as establishing positive relationships with other professionals helps in gaining knowledge, information, etc.
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suppose the equilibrium real federal funds rate is 2 percent, the target rate of inflation is 2 percent, the current inflation rate is 4 percent, and real gdp is 2 percent above potential real gdp. if the weights for the inflation gap and the output gap are both 1/2, then according to the taylor rule the federal funds target rate equals
if the weights for the inflation gap and the output gap are both 1/2, then according to the Taylor rule the federal funds' target rate equals to 8 percent.
The Taylor Rule( occasionally appertained to as Taylor's rule or Taylor principle) is an equation linking the Federal Reserve's standard interest rate to situations of affectation and profitable growth. Stanford economist John Taylor first proposed the rule as a rough guideline for financial policy but has latterly prompted a fixed-rule policy grounded on the equation, a cause espoused by Republicans seeking to limit the Federal Reserve's policy discretion.
The Taylor Rule's formula ties the Fed's crucial interest rate policy instrument, the civil finances rate, to two factors the difference between the factual and targeted affectation rates and that between the asked and apparent growth in the real Gross Domestic Product( GDP). Because policymakers aim for maximum sustainable growth at the frugality's productive eventuality, the difference between the factual and asked real GDP growth rates can also be described as an affair gap.
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The ____ approach to scheduling concurrent transactions assigns a global unique stamp to each transaction.
The time stamping approach to scheduling concurrent transactions assigns a global unique stamp to each transaction.
What is transaction?A transaction is a financial activity that is recorded as an entry in an accounting record and that has a monetary impact on financial statements. Below is an example of a transaction Payment to Company for services or products provided.A transaction is an agreement entered into between a buyer and a seller to exchange goods, services, or financial assets for money. The term is also commonly used in business accounting.A transaction is a business event that has a monetary impact on a company's financial statements and is recorded as an entry in its books of accounts. An example transaction is: Paying suppliers for services rendered or goods delivered.There are four main types of financial transactions conducted in a company. The four types of financial transactions that affect business are sales, purchases, receipts and payments.To learn more about transaction from the given link :
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TRUE/FALSE. under the uniform securities act, the definition of sale includes bona fide gifts of securities. giving a security as a bonus with any purchase.
Under the uniform securities act, the definition of sale includes bona fide gifts of securities. giving a security as a bonus with any purchase. This statement is false.
The definition of sale expressly excludes bona fide gifts of securities and preliminary agreements between issuers and underwriters. Any bonus security received with another transaction is regarded as a component of that purchase and is therefore sold.
A conversion or buy right is regarded as a sale whenever it is used. The Uniform Securities Act defines "sale," which is sometimes used interchangeably with "sell," as any contract of sale, any contract to sell, and any disposition of a security or interest in a security.
An interest in a security of the issuer is disposed of when a corporate bond is sold, whether or not a warrant is attached.
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the doha round of negotiations focuses on industrial and nontariff barriers, agriculture, services, and easing trade rules.
The correct statement is : The doha round of negotiations focuses on industrial and nontariff barriers, agriculture, services, and easing trade rules.
This is True.
Trade rules includes the relevant rules and customs for trade between countries. However, it is also used in legal writings as trade between private sectors.
Faster import clearance, duty savings, predictable costs, reduced regulatory oversight and a competitive advantage are all reasons to ensure your business is compliant with international trade regulations.
Under a free trade policy, goods and services can be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions preventing their exchange. The concept of free trade is the opposite of trade protectionism or economic isolationism.
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Economic Order Quantity (EOQ) includes several variables that must be taken into consideration whencalculating the optimal order size. One variable, the costs associated with holding inventory, is referred toas a. carrying costs. b. the reorder point. c. stockout costs. d. ordering costs.
When determining the ideal order size, the Economic Order Quantity (EOQ) involves a number of elements that must be taken into account. Carrying costs are one variable, which are the expenses related to maintaining inventory.
The various expenses a business incurs for keeping inventory on hand are known as carrying costs.
Taxes, insurance, personnel costs, and opportunity costs are a some examples of carrying costs.
The amount of inventory a business should order to meet demand while lowering total ordering, receiving, and holding costs is known as the economic order quantity (EOQ).
Therefore, the correct option is a. carrying costs.
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jasmine gives a presentation is which she uses a conversational style with the audience. she refers to her notes so seldom that the audience barely notices. she uses visual aids, including them as a natural part of her talk. which of the following presentation methods is she most likely using?
o extemporaneous o memorized o read o impromptu o visualized
In the presentation, as Jasmine uses visual aids including them as a natural part of her talk. A presentation methods that she is most likely using is an extemporaneous method. The Option A is correct.
What is an Extemporaneous speech?An extemporaneous speaking is a speech that consists of delivering a speech in a conversational fashion using notes. They are developed through outlining ideas, not writing them out word-for-word.
This type of speech are practiced ahead of time, rehearsed and re-rehearsed (extemporaneous speeches are not impromptu), using a keyword outline of single words and short word phrases.
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If Jasmine gives a presentation is which she uses a conversational style with the audience she is using the extemporaneous option a
What is meant by the extemporaneous presentation?Extemporaneous, which meaning "without planning," is often used interchangeably with the word impromptu. An extemporaneous speech, on the other hand, is actually a well-prepared speech that relies on research, a distinct structure, and honed delivery. It is never delivered in exactly the same way because it is neither read aloud nor memorized.
Extemporaneous refers to speech that is made on the spot. Although the orator's performance was excellent, it wasn't until we found out that his speech was spontaneous that we really appreciated the breadth of his talent. Some politicians are so adept at what they do that even their rehearsed words come off as spontaneous.
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Assume that price is greater than average variable cost. If aperfectly competitive seller is producing at an output where price is $11 and the marginal cost is $14.54 (alongthe upward-sloping portion of the MC curve), then tomaximize profits the firm should A.continue producing at the current output.B.produce a smaller level of output. C.produce a larger level of output. D.not enough information given to answer the question.
To maximize profits the firm should produce a smaller level of output.
What does it mean if price is greater than average variable cost?If the price is higher than the average variable cost, the company will make enough money to cover all variable costs as well as some fixed costs. The economic loss is therefore LESS than the entire fixed cost.
AVC or ATC must be rising when marginal cost exceeds average variable or average total cost. As a result, the lowest point is the only possible point at which marginal cost equals average variable or average total cost.
The company closes if the price falls below the average variable cost. When new firms enter an industry where existing ones are making an economic profit, the price will decrease until the economic profit reaches its long-run equilibrium value of zero.
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supa econ identify the condition at which the microeconomy must be functioning if the macroeconomy is performing at full sustainable capacity (potential) gdp. pareto optimal general competitive equilibrium identify how economi
In the micro economy, the full sustainable capacity, or potential GDP, is referred to as Pareto optimal General Competitive Equilibrium in macroeconomic terms.
What might GDP macroeconomics look like?GDP potential. The value of real GDP when all of the economy's production factors—labor, capital, land, and entrepreneurial skill—are utilized to their full potential.
What is the potential GDP?GDP potential refers to the degree of Gross domestic product achieved when all organizations are creating at limit.
What is output at full employment, or potential?Full Work Gross domestic product, otherwise called expected yield, is a financial term used to depict a solid economy where total interest is in balance with both short run and long run total stock.
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suppose stock prices rise. to offset the resulting change in output the federal reserve could group of answer choices increase the money supply. this increase would also move the price level closer to its value before the rise in stock prices. decrease the money supply. this decrease would also move the price level closer to its value before the rise in stock prices. increase the money supply. however, this increase would move the price level farther from its value before the rise in stock prices. decrease the money supply. however, this decrease would move the price level farther from its value before the rise in stock prices.
A money market is a short-term investment account that pays interest on a daily basis. A money market account is used by people as a short-term savings account. Money market accounts can be taxable of tax-free.
The total value of all shares of a company is called market value, also known as market value. It is calculated by dividing the share price by the total number of shares currently outstanding. For example, a company with 20 million shares trading at $50 would have a market capitalization of $1 billion. The ratio of common stockholders' equity divided by the total number of shares outstanding is called book value per share (BVPS). This number calculates the company's book value per share and is a minimum measure of its equity.
The amount shareholders would receive if the company were liquidated, all tangible assets sold, and all liabilities settled is known as book value per share (BVPS). However, its usefulness comes from the fact that investors use it to judge the undervaluation of a stock's price by comparing it to the company's market value per share.
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au-c 915, reports on application of requirements of an applicable financial reporting framework, provides guidance to a reporting accountant who
Regardless of the approach, the auditor's processes should include choosing the general ledger diary entries that will be put to the test and looking at the documentation supporting those entries.
What are the different types of accountants?These four fields of accounting include corporate, municipal, governmental, and forensic accounting. A bachelor's degree is normally required for any accounting position, while previous master's work, especially in the accounting field, is frequently strongly desired. Some specifics of each common accounting component are covered here.
Do accountants receive good pay?In conclusion, the average compensation for a profession in accounting ranges from $70,000 to $130,000 annually, with a 6% projected increase in employment by 2030. Depending on school, certifications, business location, and most importantly years of experience, the annual salary for an accounting career can range between $40,000 to $120,000.
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Which of the following products would benefit most from a continuous type of advertising schedule?
a. Coppertone sunscreen
b. Bud Lite beer
c. Purdue turkeys
d. K2 snowboards
Bud Lite beer is a product which would benefit most from a continuous type of advertising schedule
The practice of limiting your advertising to run just on particular days of the week and hours of the day is known as ad scheduling. By doing this, you can make sure that your ads only run on days and at times when you know they'll yield the best results.
Scheduling is the formal term for the patterns of time that the advertisement will air. It helps in setting up the time slots in line with the requirements of the advertiser so that the intended audience will receive the message in the proper way at the proper times.
Continuity: This approach works well for products or services whose promotion doesn't depend on the season. likewise flighting Bursting is another term for this kind. without a doubt a seasonal product model. Here, the intervals between adverts are completely unpredictable.
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suppose you buy ada co. bonds today with a par value of $1000 and a current market value of $768.00, having 10% yield to maturity. the bonds mature in 5 years and interest is paid annually. one year from now, when the yield to maturity is 12%, you sell the bond. answer the following question based on the above information. the selling price for the bond, one year from now, is:
The selling price for the bond, one year from now, is $753.36.
The present value of the future contractual cash payments that the bond owner will receive is the selling price (or market value) of the bond.
STEP 1: Calculation of coupon payment/coupon rate of the bond
It is given that-
Face value = 1000, Current price = 768,Yield to maturity = 12%,Time to maturity = 5 years
So, Coupon payment made annually = Using excel PMT function
Syntax: PMT = (Yield, time, present value, face value, 0)
PMT(0.10,5,-768,1000,0) = 38.80
So, Coupon payment annually = 38.80
STEP 2: Calculation of bond selling price in 1 years time
Time to maturity left = 4 years
Yield = 12%
Coupon payment = 38.80
Face value =1000
So, Bond selling price = Using excel PV function
PV(Yield, time, coupon, face value, 0)
PV(0.12, 4, 38.80,1000,0) = 753.36
So, One year from today, the bond will be sold for $753.36.
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yasmin works as a trained salesperson at a local furniture and appliance store. which of the following is likely true about her role as a customer salesperson?
Knowledgeable salespeople enable retailers to assist their customers in selecting the products or services that are best for them.
SalespersonA salesman is someone whose primary job it is to sell a product or service. They are individuals who are primarily involved in personal selling operations on behalf of the firm in order to develop business contacts that will conclude in the salesperson supplying the product or service to the clients. Customers and salespeople often perceive each other as outgroup members, with whom they engage for the purpose of negotiating a transaction. He then developed his advance order sales strategy by using illustrated catalogues and traveling salespeople.
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The mayor of Workerville proposes a local payroll tax to fund a new water park for the city. The mayor proposes to collect half the tax from workers and half the tax from firms. The mayor will be able to successfully divide the burden of the tax equally if the
demand for labor and supply of labor are equally elastic.
The mayor of Workerville proposes a local payroll tax to fund a new water park for the city. The mayor proposes to collect half the tax from workers and half the tax from firms. The mayor will be able to successfully divide the burden of the tax equally if the demand for labor and supply of labor are equally elastic. It is true statement because, if the demand for and supply of labor are both elastic, the mayor will be able to split the tax burden fairly.
If the labor demand curve is elastic, a small decrease in remuneration will be sufficient to provide the additional labor needed to absorb the increased inventory. With a slight wage adjustment, the harmony will be restored in any scenario.
The flexibility of job demands and the availability of work is a major determinant of how much welfare reform will affect wages and labor. By dividing different elasticity's, it is possible to determine the impact of the flexibility of job request and work supply on the rate change in wages and company.
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no deferred tax asset was recognized in the year 1 financial statements by the chaise company when a loss from discontinued segments was carried forward for tax purposes. chaise had no temporary differences. the tax benefit of the loss carried forward reduced current taxes payable on year 2 continuing operations. the year 2 financial statements would include the tax benefit from the loss brought forward in income from continuing operations. gain or loss from discontinued segments. owners' equity. cumulative effect of accounting changes.
Yes, the year 2 financial statements would include the tax benefit from the loss brought forward in income from continuing operations.
The amount should be reported as a reduction of income taxes payable in the income statement. As the tax benefit is associated with the discontinued segment, the amount should also be reported in the gain or loss from discontinued segments in the income statement. Furthermore, the tax benefit will also result in an increase in owners' equity as the amount of taxes payable is reduced. The impact of the tax benefit should be reported in the cumulative effect of accounting changes in the statement of changes in equity.
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