Answer:
If you use your car for business, the Internal Revenue Service allows you to deduct this as an expense on your taxes. You have the option of deducting either the actual operating costs associated with the business use of your vehicle or taking a standard mileage deduction for each mile driven for business
Answer:
it could be
Explanation:
If you use your car for business, the Internal Revenue Service allows you to deduct this as an expense on your taxes. You have the option of deducting either the actual operating costs associated with the business use of your vehicle or taking a standard mileage deduction for each mile driven for business.
a. Sold merchandise for cash (cost of merchandise $20,797). $ 35,200 b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $240 ). 400 c. Sold merchandise (costing $3,800 ) to a customer on account with terms n/60. 8,000 d. Collected half of the balance owed by the customer in (c). 4,000 e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 128 Hair World is considering a contract to sell merchandise to a hair salon chain for $13,000. This merchandise will cost Hair World $9,040. What would be the increase (or decrease) to Hair World’s gross profit and gross profit percentage?
Answer:
The Gross profit will be "18315".
Explanation:
Gross sales
= [tex]35200+8000[/tex]
= [tex]43200[/tex]
Less:
Sales return
= [tex]-400[/tex]
Less:
Sales allowance
= [tex]-128[/tex]
The net sales will be
= 42672
So,
⇒ Cost of goods sold = [tex]20797+3800-240[/tex]
= [tex]24357[/tex]
⇒ Gross Profit = [tex]Net \ Sales-Cost \ of \ goods \ sold[/tex]
= [tex]42672-24357[/tex]
= [tex]18315[/tex]
Suppose 2-year Treasury bonds yield 3.3%, while 1-year bonds yield 2.7%. r* is 1%, and the maturity risk premium is zero. Using the expectations theory, what is the yield on a 1-year bond, 1 year from now? Calculate the yield using a geometric average. Do not round intermediate calculations. Round your answer to two decimal places. % What is the expected inflation rate in Year 1? Year 2? Do not round intermediate calculations. Round your answers to two decimal places. Expected inflation rate in Year 1: % Expected inflation rate in Year 2: %
Answer:
3.90%
1.7%
2.9%
Explanation:
Give the following :
Yield on 2 years Treasury bond (Y2) = 3.3% = 0.033
Yield on 1 years Treasury bond (Y1) = 2.7% = 0.027
r* = risk free rate = 1%
Yield on 1 year bond, 1 year from now :
Compounded yield on yield 1 at 2.7% + Interest on return = compounded yield on 2 years bond :
(1 + 0.027) = yield on year 1
(1 + y) = yield one year from now
(1 + 0.027)¹ + (1 + y)¹ = (1 + 0.033)²
1 + y = (1 + 0.033)² / (1 + 0.027)¹
1 + y = 1.067089 / 1.027
1 + y = 1.0390350
y = 1.0390350 - 1
y = 0.03903
Yield = 0.039 * 100% = 3.90%
Inflation premium = yield rate - Risk free rate - maturity risk premium
Maturity risk premium = 0%
Hence,
For year 1
Inflation premium = 2.7% - 1% - 0% = 1.7%
For year 2:
Inflation premium = 3.9% - 1% - 0% = 2.9%
How do supply and demand help determine the price of a product?
A. By pressuring sellers to lower prices on products to the point that
most buyers can afford to buy them
B. By ensuring that products with a high level of demand will not
suffer from the substitution effect
C. By forcing buyers to accept higher prices so that sellers keep a
large supply of most products
D. By creating a balance between buyers who want low prices and
sellers who want high prices
Answer:
D. By creating a balance between buyers who want low prices and
Explanation:
Supply and demand help in determining the price of a product by creating a balance between buyers who want low prices and sellers who want high prices.
What is demand?Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the quantity of things that consumers are prepared and willing to purchase at various prices within a specific time frame. Demand is based on preferences and tastes, which can be explained in terms of the price, advantages, profit, and other factors.
According to the law of demand, if a product's price increases while other parameters remain the same, the quantity required of the product decreases. In other words, if the price of the good rises, the total amount of demand falls. The reason for this is that if customers' opportunity costs rise, they may choose to buy something else instead or decide not to buy it at all. Really intriguing ideas are the law of demand and its exceptions.
What is supply?The quantity of goods or services a provider is willing and able to offer to the market for a given price is referred to as supply in the study of economics. Stock availability and the factors influencing the supply have an impact on the willingness and capacity to make products available to the market. A change in prices also affects the equilibrium of the market. More supplies will be available as prices rise, but the converse will occur as prices fall.
The supplier's response to shifting market pricing is explained by the law of supply. In the simplest terms, suppliers typically maximize profits by raising the number of products delivered when there is a change in the price of a specific good or service.
The market's variables must all remain consistent. Instead, when prices decline, they have a tendency to shift supply to the opposing side until equilibrium is reached.
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You earn $50,000 per year, and paid 10 percent in taxes this year. The government increased the tax rate to 20 percent for next
year. Which amount will you pay in taxes next year?
A) $1,000
B) $2.000
C) $5,000
D) $10.000
Answer:
D. $10,000
Explanation:
The answer is D because as you earn $50,000 every year, and for the next year the tax rate is 20%, 20% of $50,000 is $10,000. Hope it helps!
A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 38 million, while the forecast was 43 million. A smoothing constant of 0.20 is used. a) Using exponential smoothing and given alpha, the forecast for the month of July = nothing million checks received (round your response to one decimal place). b) If the check-processing center received 44 million checks in the month of July, then using exponential smoothing and given alpha, the forecast for the month of August = nothing million checks received (round your response to one decimal place). c) Exponential smoothing may not be an appropriate method to use for the check-processing center because: A. the check-processing center should observe an increasing trend in its processing requirements. B. the check-processing center should observe seasonality in its processing requirements. C. the
Answer:
Follows are the solution to this question:
Explanation:
In point A:
[tex]\text{Accelerating layering Forecast July= }[/tex][tex](\text{Actual demand of June} \times 0.20) + ( \text{Forecast demand of June} \times (1 - 0.20))[/tex]
[tex]= ( 38 \times 0.2) + ( 43 \times 0.8)\\\\= 7.6+ 34.4\\\\=42[/tex]
In point B:
[tex]\to Forecast \ \ August = (44 \times 0.2) + ( 43.2 \times 0.8)[/tex]
[tex]=8.8+34.56 \\\\=43.36[/tex]
In option C:
Its right choice is to track the seasonality of the processing requirements of the control centre.
Simon has a $250,000 life insurance policy with City Life. He has had this policy for many years, and all of the premiums have been paid. He no longer needs to make any payments in order to keep the policy in effect. Simon named his brother, Leo, as the beneficiary of the policy. Leo needs $50,000. Leo knows about the insurance policy, and that it is fully paid. Rather than take out a loan, he contacts City Life and asks for $50,000 as an advance against the full amount of the policy that will be due to him. What is City Life likely to do?
Answer:
The correct statement will be "Not give Leo the money since Leo is not vested".
Explanation:
Simon wanted to purchase a city life insurance package. Under that same agreement arrangement, Simon has compensated have all premiums owed. As that of the beneficiary including its scheme, Simon designated his brother, Leo.Leo requires 50,000 dollars. He reaches the urban environment instead of accepting a mortgage as well as demands for the amount owed including its gain that would accumulate to him following his brother's passing.
The remaining amount through Life insurance policies can only be compensated on Simon's death and nobody even, particularly Simon and his brother Leo, seems to have the authority to charge any compensation payout against that kind of policies especially given the fact that almost all the contributions have been compensated.
So the above is the right approach.
True or False: when writing a check, it is not necessary to fill in the Memo line. *
True
False
Answer:
true
Explanation:
It's not essential that you fill out this field, since it isn't required to cash or deposit the check. But entering a memo can help you and the recipient keep clear records.
An employer can refuse to hire you if you refuse a drug screening test or background check.
Answer:yes
Explanation:
Answer:
true
Explanation:
What are the activities that should take place during the performing stage Business studies
Answer: See explanation
Explanation:
According to Tuckman, he believed that there are five developmental stages for every team which are:
1. forming stage
2. storming stage
3. norming stage
4. performing stage
5. adjourning stage.
The performing stage involves the stage at which there's confidence and motivation among the team members and they can actually work on the project without being supervised.
At this stage, members have a strong relationship and readily assist each other. Tasks are being delegated to the group by the leader of the team. Also, when there are conflicts, they are easily and quickly resolved.
help help help help help help help help help
Answer:
hope it helped you
Explanation:
A niche is the role a species plays in the ecosystem. In other words, a niche is how an organism “makes a living.” A niche will include the organism's role in the flow of energy through the ecosystem. ... An organism's niche also includes how the organism interacts with other organisms, and its role in recycling nutrients.
Answer:
The answer is D, or "News reporting devoted to a targeted portion of a journalism market sector".
Explanation:
Many news companies try finding ways to increase their relevance and revenue sources. This presents a marketable opportunity for publishers to create niche content that individuals cannot find elsewhere.
Income tax that is payable to the federal government is collected by the
.
who ever anwer is marked brainlist
Answer:
Guy above is 100% correct, I put IRS and got 5/5!
Explanation:
What line will you type an email address on if you want a person's email to remain
private ?
A) Subject
B) осс
C) Blind Carbon Copy
D) Signature
Answer:
for a persons email to remain private the line you will use is Blind Carbon Copy (BCC)
The ____ section of the project scope document is where the contractor or project team can state and clarify exactly what is included in the work scope and provide an opportunity to reconsider items that are not stated but that the customer may have forgotten to include in her requirements or RFP.
The statement of work section of the project scope document is where the contractor or project team can state and clarify exactly what is included in the work scope and provide an opportunity to reconsider items that are not stated but that the customer may have forgotten to include in her requirements or RFP.
I hope this helps :)
E6-15 Allocating Transaction Price to Performance Obligations [LO 6-5] A company separately sells home security equipment and 12 months of system monitoring service for $280 and $560, respectively. The company sells an equipment/monitoring bundle on January 1 for a total price of $990. The monitoring service begins immediately after the equipment is delivered and installed on January 1. Required: Determine the dollars of revenue that should be allocated to the equipment for each bundled sale. Determine the dollars of revenue that should be allocated to the service for each bundled sale. Determine the dollars of Sales Revenue and Service Revenue from the January 1 bundled sale that should be reported in the income statement for the period January 1–31.
Answer:
Particulars Amount
1. Revenue allocated to the equipment $330
for each bundled sales
{$990 * $280 / $280 + $560}
2. Revenue allocated to the service $660
for each bundled sales
{$990 * $560 / $280 + $560}
3. Sales revenue to be reported in income $660
statement
Service revenue to be reported in $55
income statement
($660/12)
Sheridan Company took a physical inventory on December 31 and determined that goods costing $225,000 were on hand. Not included in the physical count were $24,200 of goods purchased from Pelzer Corporation, FOB shipping point, and $21,200 of goods sold to Alvarez Company for $29,200, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end.
Answer:
$270,400
Explanation:
FOB shipping point: (transfer of risk and reward takes place when the goods are shipped for transfer.
The purchased inventory that was not included are under FOB shipping point, which means that the risks and rewards associated with the inventory has been transferred at the year end. Hence the ownership has been shifted. This means the purchase must be included in the inventory.
FOB destination: The transfer of ownership takes place once the other party receives the order.
As the sold inventory are under FOB destination, which means that the risks and rewards assoiciated with the inventory are not yet transferred. Hence the ownership has not been shifted. This means the sold inventory must be included in the inventory.
Calculation:
Goods on Hand $225,000
Goods Purchased FOB Shipping Point $24,200
Goods Sold on FOB Destination $21,200
Goods on Hand on December 31 $270,400
Which of the following is the appropriate rank of sectors (from lowest to highest percentage) of the U.S. Gross Domestic Product (GDP)?
agriculture, services, industry
agriculture, industry, services
industry, agriculture, services
services, industry, agriculture
Answer:
B). Agriculture, Industry, Services.
Explanation:
The United States is a highly developed country owning a mixed economy. Its GDP and net wealth makes it the largest economy of the world. The economy of the United States in divided into three major sectors i.e. Agriculture or the primary sector, the Industrial sector, and the service sector. The service sector contributes most to the US economy with 68% of its contribution. The primary sector contributes 5.4% to the GDP and the industry with 26.6% of its contribution to the development of U.S. economy. Thus, option B is the correct answer.
(02.01 LC)
Match each term with its description.
Match Term Definition
Demand A) Amount of money left over after the business pays its expenses.
Price B) The production, purchase, and sale of goods in a world.
Profit C) The amount paid for goods or services.
Competition D) The number of goods and services that consumers want to buy.
Global economy E) Rivalry in supplying or acquiring an economic service or good.
Answer:
See below
Explanation:
Demand A): The number of goods and services that consumers want to buy. Demand is computed in relation to a specified price per period.
Price B): The amount paid for goods or services. In most cases, price is the monetary value attached to an item.
Profit C): Amount of money left over after the business pays its expenses. Profits are achieved when revenues or income are more than the costs.
Competition D): Rivalry in supplying or acquiring an economic service or good. Businesses compete to gain customers, a bigger market share, and more profits.
Global economy E) The production, purchase, and sale of goods in a world. Technological and infrastructure development has made trading in the world much easier and faster.
If the price of gasoline increases, most likely, ceteris paribus, the result will
be:
A. An increase in the demand for cars.
B. An increase in the supply for cars
C. A decrease in the supply for cars
D. A decrease in the demand for cars
Answer:
A
Explanation:
Hello i am happy to answer this for you.
I believe the answer is D
My reasoning is that if the gasoline prices went up people will not want to pay for the gas anymore so people will not want gas fueled cars if they have to pay a higher price for the gasoline.
Sry if wrong
E6-14 Analyzing and Recording Sales and Gross Profit with Sales Returns [LO 6-4, LO 6-6] Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah’s Cycles on February 1 for $700 (cost of goods sold of $450). On February 9, Sarah’s Cycles returned to Cycle Wholesaling one-quarter of the merchandise from February 1 (cost of goods returned was $110). Cycle Wholesaling uses a perpetual inventory system, and it allows returns only within 15 days of initial sale. Required: 1. to 3. Prepare the journal entry to record the sales, Goods returned on February 9 and Cash collected on March 2. 4. Calculate the gross profit percentage for the sale to Sarah’s Cycles. g
Answer and Explanation:
The journal entries are shown below:
Accounts Receivable $700
To Sales Revenue $700
(Being the sales revenue is recorded)
Cost of Goods Sold $450
To Inventory $450
(being the cost of goods sold is recorded)
Sales Revenue $175 ($700 × 1 ÷ 4)
To Accounts Receivable $175
(Being return inventory is recorded)
Inventory $110
To Cost of Goods Sold $110
(Being return inventory is recorded)
Cash $525
To Accounts Receivable $525
(being cash received)
Now the gross profit percentage is
Gross Profit Percentage 35.23%
= (Gross Profit ÷ Net Income)
= ($700 - $175 - $450 + 110) ÷ ($700 - $175)
= 35.23%
Why is this app so good
Answer:
Because It helps me on test cause I'm dumb
Answer:
because it helps us to solve our problems and qll the experts are always there to help us....
What are the three basic levels of food service employees?
A
Beginning, intermediate, and advanced
B
Entry, skilled, and supervisory
с
Novice, trainee, and professional
D
Assistant, apprentice, and master
Answer:
entry,skilled, and supervisory
Explanation:
these job categories are entry level
The three basic levels of food service employees are: B
Entry, skilled, and supervisory.
The Entry-level is the lowest level, requiring no little education or training. Those at this level mainly engage in serving the customers, cleaning dishes, and undertaking some other menial jobs within the food-service chain.
Above the entry-level is the skilled-level. Skilled-level employees include chefs, bakers, and other culinary specialists, who require some years of training and education to be certified as qualified professionals.
The last in the basic level of food service employees are those who supervise both the entry-level and skilled-level personnel. At this level, supervisors require managerial attributes, soft skills, and leadership to maintain the relationships between the lower-level employees and the senior (strategic) managers.
Thus, there are three basic levels of food service employees starting with entry, skilled, and supervisory levels.
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Fiscal policy describes a government's actions related to:
O A. punishing crimes.
O B. declaring wars.
O C. taxing citizens.
OD. printing money.
When a government latkes any action or makes any law that comes under the policy and when a government takes action which is related to taxing the citizens, it is fiscal policy. Hence, Option C is correct.
What is government?Since ancient times, for the smooth working of the nation, there is a body which is consisted of a group of people who works for the betterment a development o the nation. The work or the duty of these people is to prepare policies, form rules, pass bills that will become acts, and many more. The name of the group of such kind of people is known as government.
Just like other people, they also work from a particular place which is known as the minister’s office. These people have sometimes direct authority to take any action while sometimes they have to take permission and that is given by the voting system. These are the institutions that are formally prepared and that process is known as election.
Thus, Option C is correct.
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what policy is a way the SEC protects investors
If the value of the goods and services a country produces stays the same
while its population increases, which statement must be true?
O A. The country's unemployment rate has decreased.
O B. The country's total GDP has increased.
O C. The country's per capita GDP has decreased.
O D. The country's rate of inflation has increased.
SUBMIT
Answer:
C
Explanation:
If the value of the goods and services a country produces stays the same while its population increases The country's per capita GDP has decreased. Thus the correct option is C.
What is a service?Services are referred to as a type of goods that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.
Final or finished goods are products that are sold in the market to satisfy buyers. This item can be both a good and a service, with a good being something tangible and a service being something intangible.
The output from production and sales within the nation is used to calculate GDP. When computing GDP, exports are added because they represent money entering the market, and imports are deducted because they represent money leaving the market.
Therefore, option C is appropriate.
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Budgeting for Needs
Select the items that are needs from your credit card statement.
CREDIT CARD STATEMENT
Last Month
Groceries$200
Movie rentals$15
Concert tickets$120
Internet services$60
Fitness class$35
Go-kart racing$50
The items that are needed from your credit card statement are Groceries $200, Internet Services $60 and Fitness Class $35. The correct options are a, d and e.
What is a credit card?A credit card is a thin rectangular piece of plastic or metal issued by a bank or financial services company that allows cardholders to borrow funds with which to pay for goods and services with merchants that accept cards for payment.
Credit cards impose the condition that cardholders pay back the borrowed money, plus any applicable interest, as well as any additional agreed-upon charges, either in full by the billing date or over time.
In addition to the standard credit line, the credit card issuer may also grant a separate cash line of credit to cardholders, enabling them to borrow money in the form of cash advances that can be accessed through bank tellers, ATMs, or credit card convenience checks.
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Bob sells tires. He knows that his weekly sales drop if he increases the unit price p (in dollars). The weekly sales are given by an unknown function N(p). His weekly revenue is R(p)=pN(p). Bob is currently selling tires for 100 dollars each. His weekly sales are running at 120 tires per week, so N(100)=120. His marketing department estimates that he will lose 2 sales per week for each 10 dollar increase in unit price, so N′(100)=−0.2. Estimate Bob's increase in weekly revenue for each one dollar increase in tire price.
Answer:
Increase in weakly revenue = $9.8
Explanation:
Price (P) = 100, Demand or Sales N (P) = 120.
So revenue R(P) = P x N(P) = 120 x 100 = 120000
Given : 2 sales per week lost for 10 units increase in price.
New price (P') = 110 , New Demand or sales N' (P) = 118
So new revenue R' (P) = P' x N' P = 110 x 118 = 12980
Change in Total revenue due to 10 units price rise = 12980 - 120000 = 980
So, change in total revenue due to one unit price rise = 980/ 10 = 9.8
Increase in weakly revenue = $9.8
Revenue refers to money and it is generated from normal business operations, Also it is calculated as the average sales price times the number of units sold.
RevenuePrice (P) = 100, Demand or Sales[tex]N (P) = 120.[/tex]
So The revenue is [tex]R(P) = P x N(P) = 120 x 100 = 120000[/tex]
Then Given information are: 2 sales per week lost for 10 units increase in price.
Now the New price is[tex](P') = 110[/tex] , New Demand or sales[tex]N' (P) = 118[/tex]
So new revenue[tex]R' (P) = P' x N' P = 110 x 118 = 12980[/tex]
Change in Total revenue due to 10 units price rise =[tex]12980 - 120000 = 980[/tex]
Thus, It is changed in total revenue due to one unit price rise = [tex]980/ 10 = 9.8[/tex]
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I'LL give brainlest to whoever can answer this question
Answer:it would be c
Explanation:
Answer:
answer is C
Explanation:
This information relates to Sunland Co.. 1. On April 5, purchased merchandise from Blossom Company for $26,400, terms 4/10, n/30. 2. On April 6, paid freight costs of $590 on merchandise purchased from Blossom Company. 3. On April 7, purchased equipment on account for $33,900. 4. On April 8, returned $5,200 of April 5 merchandise to Blossom Company. 5. On April 15, paid the amount due to Blossom Company in full. (a) Prepare the journal entries to record the transactions listed above on Sunland Co.’s books. Sunland Co. uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. Date Account Titles and Explanation Debit Credit 1. choose a transaction date enter an account title enter a debit amount enter a credit amount.
Answer and Explanation:
The journal entries are shown below:
1. Merchandise inventory $26,400
To Account payable $26,400
(Being purchase is recorded)
2. Merchandise inventory $590
To Cash $590
(Being freight paid)
3. Equipment $33,900
To Account payable $33,900
(Being purchase of an equipment is recorded)
4. Account payable $5,200
To Merchandise inventory $5,200
(Being purchase return is recorded)
5. Account payable $21,200 ($26,400 - $5,200)
To Cash $20,352
To Merchandise inventory ($21,200 × 0.04%) $848
(Being the amount paid is recorded)
Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 1,500 Materials costs $ 7,900 Conversion costs $ 3,200 Percent complete with respect to materials 55 % Percent complete with respect to conversion 25 % Units started into production during the month 7,400 Units completed and transferred to the next department during the month 6,600 Materials costs added during the month $ 111,000 Conversion costs added during the month $ 84,100 Ending work in process inventory: Units in ending work in process inventory 2,300 Percent complete with respect to materials 70 % Percent complete with respect to conversion 55 % The total cost of units completed and transferred from the first processing department to the next processing department during the month is closest to
Answer:
$174,781.20
Explanation:
I will do the calculations in 3 stages. You won`t go wrong if you follow these.
Equivalent UnitsTotal Unit CostTotal Cost to be transferred to next departmentCalculation of Equivalent Units of Production with respect to Raw Materials and Conversion Costs
1. Raw Materials
Ending Work In Process Inventory (2,300 × 70 %) = 1,610
Completed and Transferred to Finished Goods (6,600 × 100%) = 6,600
Equivalent Units of Production with respect to Raw Materials = 8,210
2. Conversion Costs
Ending Work In Process Inventory (2,300 × 55 %) = 1,265
Completed and Transferred to Finished Goods (6,600 × 100%) = 6,600
Equivalent Units of Production with respect to Conversion Costs = 7,865
Calculation of Total Unit Cost of Production with respect to Raw Materials and Conversion Costs.
Unit Cost = Total Cost (Beginning + Current) ÷ Total Equivalent Units
1. Materials
Unit Cost = ( $ 7,900 + $ 111,000) ÷ 8,210
= $14.482 (3 decimal places)
2. Conversion Cost
Unit Cost = ( $ 3,200 + $ 84,100) ÷ 7,865
= $12.00 (3 decimal places)
3. Total Unit Cost
Total Unit Cost = Materials + Conversion Costs
= $14.482 + $12.00
= $ 26.482
Calculation of total cost of units completed and transferred from the first processing department to the next processing department
Total Cost = Units Completed and Transferred × Total Unit Cost
= 6,600 × $ 26.482
= $174,781.20
02.01 LC)
Work you do for pay is called a _____.
A. service industry
B. diverse workforce
C. job
D. volunteer job