Suppose Congress changed the tax laws so that Berndt's depreciation expenses doubled. No changes in operations occurred. What would happen to reported profit and to net cash flow taxable income would fall to zero, taxes would be zero, and net cash flow would rise.
An asset loses value over time as a result of use, damage, or obsolescence. Depreciation is the measurement for this decline. Description: A loss in an asset's value, or depreciation, can also be brought on by other reasons like bad market conditions, etc.
The base of an income tax system is referred to as taxable income. In other words, the amount of revenue that was subject to taxation. In general, it comprises all or a portion of the items of income and is lessened by costs and other deductions.
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Miriam is actively searching for a new job after she voluntarily quit her job. Miriam is now considered: Group of answer choices Not eligible for future employment Cyclically unemployed Structurally unemployed Frictionally unemployed
Miriam is now considered Frictionally unemployed.
What is cyclically unemployed?The portion of overall unemployment that is specifically caused by cycles of economic expansion and contraction is known as cyclical unemployment. Typically, unemployment increases during economic downturns and decreases during boom times.What is structurally unemployed?When the abilities that people in the economy have to provide and the skills that employers need from employees do not match, structural unemployment results. Technological advancements that render many workers' job abilities obsolete frequently cause structural unemployment.What is frictionally unemployed?The time between quitting a job voluntarily and finding another is known as the frictional unemployment period. As a result, it is frequently referred to as search unemployment, even though it also takes into account employment gaps caused by changing jobs.Therefore, Miriam is now considered Frictionally unemployed.
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Freddy Mercury received a $1100 loan from the bank for a new appliance. The bank is using the simple interest formula for this two-year, 4% loan. What is his total interest
Based on the amount of the loan and the interest rate on it, Freddy Mercury's total interest is $88
How much interest will be charged?First find the annual interest:
= 1,100 x 4%
= $44
In two years, this interest becomes:
= 44 x 2
= $88
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As a project manager for Office Green, you are responsible for consulting with team members to identify potential risks for the Plant Pals operations launch. You determine that there are two main risks types you need to plan for:
The main risks types that need to plan for in the project are the systematic and unsystematic risk.
What is a project?It should be noted that a project simply means the activity that's engaged in to achieve a particular goal.
In this case, the main risks types that need to plan for in the project are the systematic and unsystematic risk.
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Jaxon works for a company that promotes an entrepreneurial culture. Employees are encouraged to discuss new ideas. Development time is provided on the job for those ideas that float to the top. These employees who use their creative talents to generate ideas and create products within large companies are called
The employees who use their creative talents to generate ideas and create products within large companies are called intrapreneurs. This relates to the information about organizational culture.
What is organizational culture?It should be noted that organizational culture simply means an environment where someone is motivated in order to take risks.
In this case, the employees who use their creative talents to generate ideas and create products within large companies are called intrapreneurs.
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Opening the economy to trade tends to A. lower the multiplier because an increase in expenditure leads to more exports. B. lower the multiplier because an increase in expenditure leads to more imports. C. increase the multiplier because an increase in expenditure leads to more exports. D. increase the multiplier because an increase in expenditure leads to more imports.
(A) Lower the multiplier because an increase in expenditure leads to more imports.
What is trade?
The transfer of commodities and services from one person or entity to another, frequently in exchange for money, is referred to as a trade. Economists define a market as a structure or network that allows commerce.The Gift economy, an early type of trade, saw the exchange of commodities and services without an express agreement for immediate or future rewards. A gift economy involves the exchange of goods without the use of money. Modern traders typically bargain using a medium of exchange, such as money. As a result, purchasing can be distinguished from selling or earning.What happens when the economy is open to trade?
Trade helps to improve global efficiency. When a country opens up to commerce, capital and labor flow to businesses that make better use of them. This movement raises the standard of living in society.Reduce the multiplier since an increase in expenditure leads to an increase in imports.Reason -As it is given that opening an economy to trade lowers the multiplier since an increase in expenditure leads to more imports.
Therefore, opening the economy leads to (A) Lower the multiplier because an increase in expenditure leads to more imports.
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Suppose the real exchange rate is 1.25 pounds of bananas in Guatemala per pound of bananas in the U.S. If a pound of bananas in the U.S. costs $.50, and the exchange rate is 10 Guatemalan Quetzals per dollar, what is the price of bananas in Guatemala
The price of a banana in Guatemala 2 quetzals per pound
E= e×(P/P*)
e=nominal exchange rate
E=real exchange rate
P=domestic price
P*=foreign price
1.25=5×(0.5/P*)
P*=2.5/1.25=2
On 13th July 2022, 1 US dollar equals 7.75Guatemalan Quetzal
The price of one currency relative to another is known as the exchange rate. When nations employ gold or another accepted standard, and each currency is worth a particular amount of the metal or other standard, the exchange rate is "fixed."
When supply and demand or speculation determine exchange rates, the exchange rate is "floating" (conversion units). When a nation imports a lot of products, the demand will drive up the country's exchange rate, increasing the cost of the imported products for domestic consumers. Demand declines when the price of the items rise, and the currency of that nation becomes less expensive in comparison to the currencies of other nations. Then the price of the country's goods drops to foreign consumers, demand rises, and exports grow.
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In the late 1990s and early 2000s, many large U.S. corporations were found to have engaged in massive financial frauds. Many of these frauds were perpetrated by the CEOs and other senior officers. In response, Congress enacted the ____________.
Many of these frauds were perpetrated by the CEOs and other senior officers. In response, Congress enacted the Sarbanes-Oxley Act of 2002.
Why Is the Sarbanes-Oxley Act Important?
Federal legislation known as the Sarbanes-Oxley Act of 2002 imposed stringent financial and auditing standards for publicly traded firms.
To assist shield shareholders, employees, and the general public from accounting mistakes and dishonest financial activities, legislators enacted the legislation. The new set of regulations was held accountable by auditors, accountants, and corporate officers. The Securities and Exchange Act of 1934 and the Investment Advisers Act of 1940, two statutes that the Securities and Exchange Commission (SEC) enforces, were amended and expanded by these rules. The Sarbanes-Oxley Act is enforced by the SEC. The Act primarily focuses on the following areas:
Increasing the severity of punishmentAccounting guidelinesNew safeguardsCompany accountability.What advantages does the Sarbanes-Oxley Act offer?However, several business leaders agreed that adjustments were needed and believed the Act may encourage better financial procedures that would benefit businesses and their stakeholders.
Indeed, as the law was fully implemented over the following years, even those of those who were first dubious of the Act came to see its advantages.
Supporters of the bill specifically stated that the Act strengthened controls, standardized processes, improved paperwork, strengthened board monitoring helped businesses improve their financial management.
Additionally, studies show that the Act raised investor confidence.
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When the price of a complementary good increases the demand curve for the original product will increase and price and quantity of the product will increase. True or false?.
When the price of a complementary good increases the demand curve for the original product will increase and the price and quantity of the product will increase. Is False
In economics, a demand curve is a graph that shows the relationship between the price of a particular commodity (y-axis) and the quantity of that commodity required at that price (x-axis). Demand curves can be used either for individual consumer price-volume relationships (individual demand curves) or for all consumers in a particular market (market demand curve).
Generally, the demand curve is assumed to be sloping downwards, as shown in the figure next to it. This is due to the law of demand. For most products, the higher the price, the lower the demand.
Certain unusual circumstances do not comply with this law. These include Veblen goods, Giffen goods, and speculative bubbles, and as prices rise, buyers are attracted to the goods.
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Preventive stress management has three parts: primary, secondary, and tertiary. What part would you be acting on if you gave one of your employees permission to set his or her own goals and develop a schedule to accomplish them?
When a manager gives one of his employees, a permission to set his or her own goals and develop a schedule to accomplish the goals, the manager is said to act secondary preventive stress management.
What is preventive stress management?Preventive stress management is regarded as a function of management wherein an organization prepares strategies before the happening of an event that are in contingency, is known as preventive stress management.
In the given example, the manager is acting as a part of primary stress management, as he has given his employees the authority to establish goals and work on them as per their own will.
Hence, the significance of preventive stress management is aforementioned.
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There may be a great deal of interaction between a service provider and a consumer in which they co-create value together. In such situations, the customer perceives a high degree of Blank______ between the service provider and the company he or she represents.
The blank will be filled by services.
What do you mean by services?Services are intangible activities or advantages that a business offers to meet customers' demands in exchange for cash or other valuables.
Which should be fill in blank?There may be a great deal of interaction between a service provider and a consumer in which they co-create value together. In such situations, the customer perceives a high degree of Blank services between the service provider and the company he or she represents.
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The term used today to describe everything from paying customers to say positive things on the Internet to setting up multilevel selling schemes whereby consumers get commissions for directing friends to specific websites is
The answer is Viral Marketing.
"Viral" refers to something that spreads quickly and widely among its audience in the context of viral marketing.
Viral marketing aims to disseminate knowledge about a good or service from person to person using email, the internet, or word-of-mouth.
The aim of viral marketing is to get people to spread a marketing message to their friends, family, and other people in order to rapidly increase the number of people who receive it.
Even when a message spreads naturally, viral marketing is a conscious endeavor.
Social media thus offers the ideal environment for viral marketing, despite the fact that it originated in conventional word-of-mouth advertising.
Hence, the term used today to describe everything from paying customers to say positive things on the Internet to setting up multilevel selling schemes whereby consumers get commissions for directing friends to specific websites is Viral marketing.
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When marginal costs change depending on the level of activity, a(n) ______ cost behavior pattern exists.
When marginal costs change depending on the level of activity, curvilinear cost behavior pattern exists.
What are curvilinear costs?An expense that rises at a variable rate as output volume rises is referred to as a curvilinear cost, also known as a nonlinear cost. To put it another way, this is an erratic cost that rises at varying rates as overall output rises.
What characteristics of cost behavior exist?Cost behavior describes how changes in business activities affect expenses. When creating the annual budget, a business management should be informed of cost trends so they can foresee whether any costs will rise or fall.
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Wright Automobiles, a used car dealer, has to purchase soft drinks and snacks for the vending machines in the customer lobby. This buying situation demonstrates a
Wright Automobiles, a used car dealer, has to purchase soft drinks and snacks for the vending machines in the customer lobby. This buying situation demonstrates a straight rebuy.
A purchase in which the customer buys the same goods in the same quantity on the same terms from the same supplier.
Modified rebuy is a state of affairs wherein the client makes some adjustments within the order, and it could require some additional analysis or studies. straight rebuy: wherein the client reorders the identical products without seeking out data or thinking about different suppliers.
If your company is upset with a dealer's product and the procurement crew makes modifications to the order, you completed a changed rebuy. There are several motives for agencies to try this new requirement, excessive costs, suppliers, product adjustments, etc.
A buying scenario in which an individual or agency buys goods that have been bought previously, however, adjustments either the provider or a few other elements of the preceding order.
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Discount points paid increases the yield of: Select one: a. Brokers. b. Lenders. c. Sellers. d. Buyers.
Discount points paid increases the yield of Lenders.
What is discount point?Discount points refers to those fees on a mortgage, which are paid up front to the lender, in return for a reduced interest rate throughout the period of the loan.
The meaning that loan discount points have is the fact that they are fees that are used to buy down rates.
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A financial services firm conducted an attitude survey and asked its employees to respond candidly to the survey questions. It was found that although employees were generally satisfied with their pay, they were dissatisfied with the organization's management style, promotion practices, and training programs. To manage these concerns, it is best recommended that HR _____.
To manage the concerns regarding employee dissatisfaction with the organization's management style, promotion practices, and training programs, it is best recommended that HR "hold group meetings with employees to convey the positive and negative survey results and get suggestions for improvements".
What is attitude survey?Employers utilise employee attitude surveys, also known as employee opinion surveys, to get feedback about their business from staff members.
Importance of attitude survey are-
Employee attitude surveys allow your staff the chance to anonymously share their thoughts on your business. These surveys are a crucial tool for firms to gauge employee motivation, job satisfaction, and attitudes.The most popular method for gauging employee engagement and receiving input on their thoughts and attitudes is through surveys. The best surveys may be completed and submitted anonymously, which boosts participation rates and encourages employees to be more sincere in their comments.Therefore, a management tool used by business owners or managers to learn about the views and opinions of their employees on matters relating to the firm and their function within the organization is the employee attitude survey.
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Crane Company took a physical inventory on December 31 and determined that goods costing $199,100 were on hand. Not included in the physical count were $24,470 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $21,670 of goods sold to Alvarez Company for $30,420, f.o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Crane report as its December 31 inventory
The amount should Crane report as its December 31 inventory is, 245,240.
What means physical inventory?A true count of all the inventory, machinery, or both of an industrial or commercial enterprise, as opposed to a book inventory.Which is an example of physical inventory?An real count of the stock of items is called a physical inventory. In addition to asking third parties for counts of inventory goods that have been consigned to them, this may entail counting, weighing, and other types of measurement of the products.What is the process of physical inventory?The practice of taking a physical inventory allows you to check whether the inventory amounts listed in the SAP system match up exactly or whether there are discrepancies. In essence, after physical inventory is complete, your system and physical stock levels must match.According to the question:
= ( 199,100 +24,470 +21,670 ).
= 245,240.
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When an organization uses a name, phrase, design, symbols, or a combination of these to identify products and distinguish them from its competitors, it is engaged in Blank______.
A branding is used when an organization uses a name,design or symbols, to identify products and distinguish them.
What is a branding?This involves creation of a strong and positive perception of a company with elements as logo, design, mission statement etc.
Hence, the branding is used when an organization uses a name,design or symbols, to identify products and distinguish them.
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As an alternative to selling shares of stock as a means of raising funds, a large company could, instead, a. use equity finance. b. purchase bonds. c. invest in physical capital. d. sell bonds.
A large company could use selling bonds as an alternative to selling shares of stock as a means of raising funds.
What do you mean by bond selling?The company will look for potential buyers on the market. When the company acts as principal, as it does in the majority of bond transactions, it either sells you a bond that it already has (a process known as selling the bond from inventory) or purchases the bond from you for its own inventory.
The majority of bonds pay interest twice a year until they mature. The right to receive interest payments is forfeited if a bond is sold before its maturity date.
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The _____ theory of education argues that a college degree credibly _____ to potential employers that you are intelligent, hardworking, and able to complete assignments.
The signaling theory of education argues that a college degree credibly
signal to potential employers that you are intelligent, hardworking, and able to complete assignments.
Prospective employers approach any business enterprise to which a potential employee has made software, both oral or written, or forwarded a resume or other correspondence expressing an interest in employment.
Understanding of the company suggests your interest in and exuberance for the location's enthusiasm. It additionally helps you make a terrific first effect and indicates that you are nicely prepared.
New organization manner, as decided by means of the Committee in its sole discretion, a player's business enterprise immediately following an alternate in control, the agency, any successor to the company, or the entity as a consequence of a spin-off from the organization, or the discern or a subsidiary of the sort of entities.
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Annuities where the payments occur at the end of each time period are called _____, whereas _____ refer to annuity streams with payments occurring at the beginning of each time period.
Ordinary annuities; annuities due level cash flows occurring each time period for a fixed length of time.
Annuities are those where regular stream payments were made.
in the case of an ordinary annuity, payment occurs at the end of each period, where as incase of annuities due payment occur starts immediately.
ordinary annuity
An ordinary annuity is a series of regular payments made at the end of each period, such as monthly or quarterly. In an annuity due, by contrast, payments are made at the beginning of each period.
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For billing and collection purposes, companies keep a separate accounts receivable account for each customer called a ______ account. Multiple choice question. subsidized general temporal subsidiary temporary
A subsidiary account are the separate accounts of receivable account for each customer mostly from billing and collection purposes.
What are subsidiary account?This refers to an account kept within a subsidiary ledger which is then summarizes into a control account in the general ledger.
Hence, it is also the separate accounts of receivable account for each customer mostly from billing and collection purposes.
Therefore, the Option D is correct.
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Winslow, Inc. stock is currently selling for $40 a share. The stock has a dividend yield of 3.8 percent. How much dividend income will you receive per year if you purchase 500 shares of this stock
The dividend income will you receive per year is $760.
Dividend Yield % = Dividend/ Stock Selling Price
Dividend Yield %=3.8%
Stock Selling Price=$40
Dividend=?
Dividend Yield % = Dividend/ Stock Selling Price
3.8% = Dividend/$40
Dividend= $40 x 3.8%
Dividend=$1.52
Dividend income = Dividend per share x no of shares purchased
= $1.52 x 500
= $760
Dividends obtained by a domestic company from a foreign company in which the domestic company's equity shareholding is less than 26% are taxed at the regular tax rate.
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Write down your income. Remember, income can come from the wages you earn through a job, or from gifts or allowances. Be sure to note all your sources of income in the appropriate area on your budget spreadsheet.
List your expenses. Start by making a list of whom you owe money to and commitments you have made on a regular basis each month. This list usually includes housing, utilities, savings, transportation, food, and personal expenses. You may need to spend a week or more tracking your expenses to see how much you actually spend.
Do the math! Add up your expenses and then subtract that total from your income. Are you spending more than you earn? Do you want to put more into savings and spend less on food? Now is the time to adjust your expenses to make sure you are living within your means and being realistic about how much you need to spend each month. (8 points)
The income as well as my expenses can be computed as :
Income yearly ; $10,0000
housing $2,000
utilities $500
savings $2,000
transportation $500
food $3000
personal expenses $1000
Expenses= $9,000
Income yearly=$10,0000
(Income yearly-Expenses)=$1000
What is income and expenses?Income serves as the money that is been received on a basis and expenses serves as those money that is been spent out.
Therefore, I can still save additional $1000 from my income.
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The cost object of the plantwide overhead rate method is:Multiple ChoiceThe unit of product.The production departments of the company.The production activities of the company.Manufacturing cost pools.The time period.
The cost object of the plantwide overhead rate method is the unit of product.
Plantwide Overhead Rate MethodWhen a business allocates all of its manufacturing overhead expenses to products or cost items, it does so using a single overhead rate known as the plantwide overhead rate. In smaller organizations with straightforward cost structures, it is most frequently used.Instead of using a single plantwide overhead rate, the usual business uses a limited number of cost pools that are each allocated with a variable overhead rate. While doing so increases the amount of time needed to close the books, it also increases the accuracy of overhead allocation. As a result, there is a trade-off between the increased financial statement accuracy brought on by the additional accounting work required to track and distribute numerous cost pools.To learn more about the Plantwide Overhead Rate Method refer to:
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Interim financial statements: multiple choice are always prepared before any adjustments have been recorded. show the liabilities above the assets. cover less than one year, usually spanning one-, three-, or six-month periods. report revenues when incurred and expenses when earned.
Interim Financial Statements: (c) cover less than one year, usually spanning one-, three-, or six-month periods.
What are interim financial statements?An interim statement is a financial report covering a period of less than one year. Interim statements are used to convey the performance of a company before the end of normal full-year financial reporting cycles. Unlike annual statements, interim statements do not have to be audited. Interim statements increase communication between companies and the public and provide investors with up-to-date information between annual reporting periods.Interim statements are financial reports produced by firms covering a period of less than one year. Quarterly reports are commonly used by companies, and may sometimes be mandated by the SEC.A company is not required to prepare interim financial statements in order for its annual financial statements to comply with IFRS Standards. However, local laws and regulations may require a company to prepare interim financial statements and also specify the frequency – e.g. quarterly or half-yearly
It includes all types of statements like balance sheet, income statement, cash flow statement. These statements are not audited and mostly it is prepared in publicly held companies.
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A ______ is a mission in a game, structuring action for the player. Group of answer choices strategy mechanic dynamic quest
A Quest is a mission in a game, structuring action for the player.
In video games, a player-controlled character, party, or group of characters may undertake a quest or mission in order to receive a reward. Role-playing and massively multiplayer online games are where you'll typically find quests. Rewards can come in the form of treasure like in-game currency or equipment, access to places or locations that are at a higher level, a rise in the character's experience so that they can gain new skills and abilities, or any combination of the aforementioned.
There are many different types of missions, including delivery/"fetch" quests, gather quests, kill quests, and escort tasks. Quests, however, might comprise many tasks, such as collecting something and moving it somewhere. In order to create quest chains or series, quests can be linked together. In this way, quests are utilized to give players more context for the world their characters are in. This mechanism is also employed to advance the game's possible storyline or plot.
The term "side quest" is used to describe a variety of quest types. These are side quests that diverge from the main storyline and are not necessary to finish the game.
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Normal profit Group of answer choices Is the accounting profit earned when economic profits are greater than zero. Is an above-average rate of return. Is sufficient to induce entry into the industry Covers the full opportunity cost of the resources used by the firm. None of the Answers are Correct.
Normal Profit refers to the accounting profit earned when economic profit is greater than zero.
Normal Profit means the company makes sufficient revenue to cover the overall cost of production and maintain its competitiveness in the respective industry. Normal Profit helps the company to maintain its operation. It takes into account the implicit cost, explicit cost, and opportunity cost of the next business alternatives. The implicit costs include the cost of the factor of production while the explicit cost includes labor wage and raw material cost.
Reporting a Normal Profit by the company shows that the company gains a profit higher than the opportunity cost that it loses in using the resource to produce goods.
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Your gross income (pay for before deductions for taxes) is $10,000 a month, and income taxes are estimated at a rate of 20%. In addition, your debt is $2,000 per month. What is your monthly personal debt ratio
Based on your debt per month and your gross income, the monthly personal debt ratio is 20%.
How can you find the monthly personal debt ratio?This can be found as:
= Personal debt / Gross income
Solving gives:
= 2,000 / 10,000
= 20%
In conclusion, the personal debt ratio is 20%.
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Type the correct answer in the box. Spell all words correctly.
What designation would you hold if you have the most common designation in the accounting field, which is also considered the backbone of
the accounting function?
You would hold a
designation if you have the most common designation in the accounting field.
The most common designation in Accounting which is the backbone of the accounting field is Chartered./ Certified Accountant.
Who is a Chartered/ Certified Accountant?A Chartered Accountant is one who has passed the rigorous tests required to become fully certified in the accounting profession.
Due to their immense knowledge and training, they are the backbone of the accounting profession and are the most common type of accountants you will find.
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Suppose a monopoly firm produces bicycles and can sell 10 bicycles per month at a price of $700 per bicycle. In order to increase sales by one bicycle per month, the monopolist must lower the price of its bicycles by $50 to $650 per bicycle. The marginal revenue of the 11th bicycle is Group of answer choices -$50 None of the Answers are Correct. $7,150 $150 $50
The marginal revenue of the 11th bicycle is $150.
Calculation of Marginal revenue:
Change in Total Revenue = Total Revenue – Revenue figure before the additional unit was sold
Marginal revenue = (11*700) - (10*701)= $150.
What is Marginal revenue ?
Marginal revenue is the rise in income that occurs from the sale of one extra unit of product. While marginal revenue can continue constantly over a particular level of output, it follows the law of diminishing returns and will ultimately decrease as the output level increases. Ideally, ambitious firms proceed to produce output until marginal revenue approaches marginal cost.
The formula for calculating marginal revenue is:
Marginal Revenue= Change in Revenue/ Change in Quantity
Marginal Revenue = (Current Revenue - Initial Revenue) / (Current Product Quantity - Initial Product Quantity)
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