Answer:
Explanation:
In a common - size income statement , the percentages are calculated using the sales value as the base figure
This Year Last year
Sales 7,400,000 100 5,624,000 100
Cost of Goods 4,750,000 64.2 3,513,500 62.5
Gross Margin 2,650,000 35.8 2,110,500 37.5
Selling Exp. 1,392,000 18.8 1,079,000 19.2
Admin. Exp. 704,500 9,5 608,500 10.8
Total Exp. 2,096,500 28.3 1,687,500 30.0
Net Op. Inc. 553,500 7.5 423,000 7.5
Interest Exp. 101,000 1.4 87,000 1.6
NIBT 452,500 6.1 336,000 6.0
Which of the following is NOT a type of bank or banking system? Northern Credit Union Central Commercial
Answer:
Credit union
Explanation:
A credit union is technically not considered a bank, unlike the other answer choices, because credit unions are not-for-profit. Banks, of course, take te money in checking accounts and use it for their own ends, but credit unions are just groups that provide mutual benefit to those who use them.
A man in San Rafael County was discovered committing workers' compensation fraud. He had been observed working while at the same time receiving disability benefits. Surveillance showed the man working at an automobile auction. The investigator interviewed the owner of the auction and found that the claimant was being paid $200 per week in cash for washing vehicles and performing other shop tasks. Surveillance video showed the man carrying 25-pound bags of pet food, loading boxes, and rummaging through a trash dumpster. Obviously, he was not hurt very badly. 1. Was surveillance the proper method to use in this case? Why? 2. What are some restrictions to be careful about in conducting surveillance?
Answer:
1. Yes
2. - privacy concerns
- may lack full details.
Explanation:
1. In this scenario the automobile auction house would need to show video evidence of his (San Rafael's) fraud activities to the investigator.
2. Privacy concerns such as how the information gotten from video surveillance is used may pose a challenge.
There's also the reality of a lack of full details. For instance, San Rafael may be deaf a disability that cannot be reflected well on a surveillance video that shows him working.
“Creditors do not actually have to worry about their dues in case the business fails.” In which
form of business is this possible? Which special feature is highlighted in this statement ?
Answer:
Sole proprietorship
The sole proprietor(not creditors but creditor) bears all losses
Explanation:
Sole proprietorship is a form of business in which there is no legal difference between the owner and the business entity as both are one and the same. The term 'sole' connotes 'only' while 'proprietorship' connotes 'owner(ship)'; it is also referred to as individual entrepreneurship. This is because only the owner of the business (the proprietor) bears all the risks (losses, debts, legal actions etc) and benefits (profits, dividends etc) of the business venture. He owns all the assets of the business venture, debts as well as the legal actions (whether positive or negative); when business is faring well, he enjoys a handsome profit and when business is struggling, he also bears the brunt of it.
The special feature highlighted in the statement above is the reality that the "creditors" refers simply and only to the proprietor (the owner of the business); in which case, if the business fails, the proprietor does not have to bother about the backlash from creditors' pressures, legal actions etc. He is the sole bearer of the losses of the business venture.
Explain in three sentences what “a decision to communicate constructively” means
A decision to communicate means to communicate positively, offering help and support, and it doesn’t involve criticism and dispiriting. It a method of communicating more effectively and efficiently. In addition, communicating constructively is a way to present your points to a person or audience so they can understand them.
Which of the following roles best fits the situation?
Kevin wants to create a business but is not sure what role is best for him. He has capital to invest. He has several partners with which he can begin a business. He has the most management experience of all his potential partners.
A. Limited partner in a limited partnership.
B. Neither a limited or general partner would be a good choice.
C. General partner in a limited partnership.
Answer:
The correct answer to the following question will be Option C.
Explanation:
Limited Partnership seems to be a form of cooperation where partner responsibility becomes restricted to the degree to which they should have invested their money. It is a companion contributing even just a capital, i.e. only financial stake.
General Partner seems to be the associate who continues to operate the alliance company and seems to be responsible for the company's activities.According to the above scenario, Kelvin has an investment to open a company as well as a few partner organizations to do so. As some other collaborators have the financial commitment, a public benefit relationship should be established. He seems to have professional experience, though in this configuration he should choose to become a limited partner or shareholder.So that the above is the right answer.
Taxes are often ovved on?
initial investments,
the current value of investments.
the real value of investments,
investment returns.
Answer:
Investment returns
Explanation:
Tax is a compulsory levy imposed by the government on an individual, firms etc for the provision of infrastructure.
Generally speaking, taxes are paid as soon as money is earned. While some taxes are due for payment when investments are sold at a profit, others like dividend , mutual funds are due when distribution is paid on the investment.
The ratio of gain or losses on an investment is referred to as investment returns. The returns could be higher which means profit hence must be taxed. It could also be the other way round,i.e lower returns . In such situation, loss is incurred on the investment and it is not taxed same way as having profit on the investment.
D. investment returns.
"A" represents the new quantity demanded, while "B" represents the new quantity supplied.
1. What is the result of these changes?
a) equilibrium
b) excess supply
c) excess demand
2. Based on this graph, what will prices most likely do?
a) rise
b) fall
c) stay the same
**PLEASE INCLUDE EXPLANATION
Answer:
caExplanation:
because it is possible in the graph only
Answer:
1.) Excess supply
2.) Fall
Explanation:
Edge
Board of directors of 'Fairdeal limited' has formulated a policy for human resources development. According to this policy, certain standards will have to be taken in consideration prior to the appointment of persons in the company. Some of the main standards are: existin employees of the company should be motivated,selection should be riskless and should not need any induction. Identify the source of employment adopted by Fairdeal Ltd.
Answer:
Internal employment source
Explanation:
When a company chooses from among its existing employees to fill up open job position it sourcing internally, however if it recruits from outside the organisation it is an external employment source.
Therefore, the policy decision of the Board of directors of 'Fairdeal limited' adopted the internal employment sourcing.
Choose two consumer protection laws and, in about 500 words, describe the benefits they provide for consumers and the costs to society.
Answer:
1. Federal Food, Drug, and Cosmetic Act :-
The act governs level of quality for those food, drugs , medical instruments, as well as beauty products produced and procured by customers in the market of America. Government control as well as regulation of these guidelines was also supplied for under the law.
2. Truth in Lending Act (TILA) :-
The Truth in Lending Act (TILA) relates to the federal law that allows borrowers to make some statements regarding consumer credit conditions and prices. TILA includes rules regulating accessible-end credit lines, closed-end personal loans, retail lending as well as private lending to college.
Answer:
See Explanation Below
Explanation:
Gramm-Leach-Bliley Act (GLBA): This Act of 1999 removed the barriers to consolidation among banking and other financial institutions and allowed the consolidation of a commercial bank, securities firm, investment bank, and insurance company. This Act is also known as the “Financial Services Modernization Act.” This Act allows consumers to use various financial services at a single financial institution. More importantly, the Gramm-Leach-Bliley Act provided limitations on the private information gained from consumers through the transactions performed through banks and other institutions. Private information cannot be sold to other entities without the permission of the consumer. In addition, the Gramm-Leach-Bliley Act makes the practice of obtaining information using false pretenses illegal. Because of the mergers of different types of financial institutions with the relaxation of barriers of consolidation, one entity could possibly have access to an individual’s financial, medical, and criminal history information through the merger of an insurance company and a brokerage company. Therefore, privacy legislation was needed to protect consumers with the Financial Services Modernization Act.
Fair Debt Collection Practices Act (FDCPA): This act prohibits debt collectors from making use of unfair means to recover overdue bills. Unfair means may include calling consumers at any time other than between 8:00 a.m. and 9:00 p.m. local time. It also prohibits using offensive language during the conversation over debt and demanding unjustified amounts not allowed legally. The FDCPA make consumers’ voices powerful by giving consumers more rights regarding how debts are collected from them. These rights include allowing consumers to sue debt collectors individually and to ban contact with consumers at work. Consumers can also seek proof that they actually do owe the money that the debt collector refers to. When first contacting a consumer, the debt collector must inform a debtor of his or her right to dispute the debt. The debt collector must also tell the debtor the amount of the debt, the name of the creditor, and the fact that the debt can be disputed within 30 days. Debt collectors can’t misrepresent themselves by claiming to be an attorney or an employee of a credit reporting agency.
The costs to society include the economic costs. Staffers, lawyers, and enforcement agencies are hired for the administration of these laws. Compliance with regulations requires that companies hire, train, and continually re-educate employees on how to comply with applicable laws. In addition, one provision of the FDCPA requires that consumers can recover reasonable attorney fees. Society needs to contribute for the payment of these services through taxes and also through the higher-priced products and services companies must assess in order to remain profitable
Who uses the factors of production?
Answer: entrepreneurs
Explanation: They use all of the factors of production to form a business and make sure they can maintain it.
I hope this helped!
the factors of production are resources that are the building blocks of the economy they are what people use to produce goods and services
“A” represents the new quantity supplied, while “B” represents the new quantity demanded. What is the result of these changes?
equilibrium
supply shift
excess demand
excess supply
Based on this graph, what should happen to prices?
They should fall.
They should rise.
They should stay the same.
**PLEASE INCLUDE AN EXPLANATION!!
The result of the changes in the new quantity demanded and supplied would be called as:
d). Excess supply
On the basis of the graph, the price of the good would:
a). They should fall.
Demand and Supply
As represented by A and B, the increase in the price of the product would cause a fall in the demand of the product's quantity. As per the law of supply, the producers are willing to sell more goods at a higher price. While the law of supply states that the consumers demand the lower amount and therefore, the supply becomes excess, leading the price to fall.Thus, options d and a would be the correct answer.
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Answer:
first one: excess supply
second one: they should
Explanation:
an increase in the velocity of money will lead to
Answer: an increase in money supply increases aggregate demand, which increases prices
Explanation: Hence, a very high inflation rate will also maximize the velocity of money, which will increase the inflation rate even further.
Money circulates more quickly when velocity of money increases , which indicates that there are more transactions between people. The degree of inflation is high when the velocity is high.
What is inflation?The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, the general rise in prices or the rise in a nation's cost of living.
Demand-pull inflation, cost-push inflation, and built-in inflation are the three basic sources of inflation.
Demand-pull inflation describes circumstances in which there is not enough production of goods or services to meet demand, leading to an increase in their prices.
On the other side, cost-push inflation happens when firms are compelled to raise prices as a result of rising costs associated with producing goods and services.
When workers seek greater pay to keep up with rising living costs, built-in inflation—also known as a wage-price spiral—occurs. A self-reinforcing cycle of salary and price rises results from businesses increasing their pricing to cover their rising wage costs.
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Why is it important for insurance companies to have a large pool of people paying premiums?
Answer:
The premium payments of all the insured clients will cover the costs for the emergencies of the few who need it. The more people that pay premiums, the less likely each insured client will experience an emergency.
It is important for insurance companies to have a large number of people paying premiums in order to have the higher costs than the needy would have to be offset by the lower costs of the less needy.
If a risk pool is larger than it is, it is very helpful because it would make the premiums to be more stable as well as to be more predictable.
Pooling is very beneficial due to the fact that the cost of health care could be high and they could lead to significant costs. Risk pooling would help to ensure that those that are in need would be able to afford it when necessary.
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JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $219,000, notes payable of $129,000, and accrued wages and taxes of $41,500. How much net working capital does the firm need to fund?
Answer:Net working capital = $152,500
Explanation:
Net working capital = CA– CL
Where CA= Current Assets = Cash + Inventory + Accounts Receivable
and CL= Current Liabilities= Account payable + Notes payable + accrued wages and taxes
CA=$54, 000 + $184,000 + $ 219,000 =$457,000
Current liabilities = Account payable + Notes payable + accrued wages and taxes
CL = $134,000 + $129,000 + $41,500 = $304,500
Net working capital = Current assets – Current liabilities
Net working capital = $457,000 – $304,500= $152,500
Net working capital = $152,500
Why are ethics important in the workplace?
Answer:
Ethics is important in a workplace because :
a) It creates a positive and safe work environment.
b) It helps to instill professional behavior in employees
c) It helps to maintain orderliness in an organization and prevents chaos from happening.
d) It prevents discrimination or favouritism in organizations.
e) Workplace Ethics ensures that all employees are treated fairly.
f) Workplace Ethics improves the relationships of employees with one another and this lead to the development of team work amongst employees.
Explanation:
Ethics at a workplace or Workplace Ethics can be defined as the standards or regulations that are put in place by a firm or organisation that helps to guide the behavior or attitude of employees at work such that safe work ambience is created and employees relate in a professional manner to one another.
Examples of Workplace Ethics are:
a) Punctuality
b) Honesty
c) Loyalty
d) Productivity
e) Dependability
Ethics at the workplace in important because:
a) It creates a positive and safe work environment.
b) It helps to instill professional behavior in employees
c) It helps to maintain orderliness in an organization and prevents chaos from happening.
d) It prevents discrimination or favouritism in organizations.
e) Workplace Ethics ensures that all employees are treated fairly.
f) Workplace Ethics improves the relationships of employees with one another and this lead to the development of team work amongst employees.
Answer: professional organizations
Explanation: took the test (:
If an economy with C = $5000 + 0.6Yd, I = $1000, G = $800, T = $1000, NX = $-200, where the dollar amounts are in millions of dollars, both government spending and taxes are raised by $200 million, what will be the change in equilibrium income (in millions)?
A) $200
B) $100
C) $0
D) $-200
E) None of the above
Answer:
Y = 15,500
Explanation:
If government spending increased by $200 million
Y = C + I + G + NX
Y = 5,000 + 0.6(Y-1,000) + 1,000 + (800+200) - 200
Y = 5,000 + 0.6(Y-1,000) + 1,000 + 1,000 - 200
Y = 5,000 + 0.6(Y-1,000) + 1,800
Y = 5,000 + 0.6Y-600 + 1,800
Y = 6.200 + 0.6Y
Y - 0.6 Y = 6,200
0.4 Y = 6,200
Y = 6,200 / 0.4
Y = 15,500
Therefore, change in equilibrium income (in millions) is $500
Answer:
A
Explanation:
200
Has two products. financial data for both the products follow: le cadre la bougie units sold 2,200 units 600 units sales price per unit $500 $1,200 variable manufacturing cost per unit 320 750 sales commission (% of sales) 7% 4% verge has two sales representativeslong dash rosemary wilson and maria blanco. each representative sold a total of 1,400 units during the month of march. rosemary had a sales mix of 60% le cadre and 40% la bougie. maria had a sales mix of 80% le cadre and 20% la bougie. based on the above information, calculate rosemary's total contribution to company profits.
Answer:$346,920
Explanation:
Le Cadre La Bougie
Units sold 2200 600
Unit price 500 1200
Sale revenue 1,100,000 720,000
variable cost 320 750
sales Commission 7% 4%
Rosemary sales 840 560
Maria 1120 280
Rosemary sales =(840*500) + (560*1200)
420,000 +672,000= 1,092,000
Cost of goods sold =(320*840) + (750*560)
268,800+420,000 (688,800)
Sales commission (7%*420000)+(4%*672,000)
29,400+26,888 (56,280)
Profit 346,920
Construction of new homes decreases. This will cause the demand curve to shift ___________ for complimentary goods used to build the homes such as timber.
Answer:
to the left
Explanation:
When the construction of new homes decreases, the demand curve for complimentary goods used to build homes shift to the left as a result of a decrease in their demands.
The demand curve is a graph that shows the demand for a product in relation to the price of the product at a specific point in time. When the demand for a product increases, the curve shifts to the right, and when it decreases, the curve shifts to the left.
Complementary goods are goods that are required in conjunction with other goods or services. For example, timbers are required for buildings, hence, they timbers serve as complementary goods to buildings.
When the construction of new homes decreases, it means there will be less demands for timbers and as such, the demand curve will shift to the left.
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $150,000 and would decrease the current variable costs of $70 by $10 per unit. The selling price of $100 is not expected to change. Forrester's current break-even sales are $400,000 and current break-even units are 4,000. If Forrester purchases this new equipment, the revised break-even point in dollars would be: $300,000. $400,000. $325,000. $500,000. $375,000.
Answer: $375,000
Explanation:
Given the following :
Selling price = $100
New variable cost per unit =$(70 - 10) = $60
New fixed cost = $150,000
Break-even point in dollars:
Fixed costs/Contribution margin ratio
contribution Margin Ratio
[(selling price per unit - total variable cost per unit) /selling price per unit]
= [($100 - $60) / $100]
$40 / $100 = 0.4 = 40%
Break-even point in dollars:
$150,000 / 0.4 = $375,000
years will be to the
On a timeline, a goal that will be achieved in
right of one that will be achieved in
years.
A. 16; 12
B. 8; 16
C. 12; 16
D. 8; 12
This question is a bit disorganized and incomplete; here is the complete and organized question:
On a timeline, a goal that will be achieved in _____ years will be to the right of one that will be achieved in _____ years
A. 16; 12
B. 8; 16
C. 12; 16
D. 8; 12
The correct answer is A. 16; 12
Explanation:
The purpose of a timeline is to represent a set of events during time by placing these on chronological order from left to right. This means in the case of goals, these will be organized from the goal that is closest in the future to the one that will take the most time. For example, if one of the goals is to buy a house in 10 years, this should be placed to the right of goals such as getting a degree in 2 years or buying a car in 3 years. Thus, a goal that takes 16 years should be placed to the right of a goal that takes 12 years in a timeline.
Answer: 14;10
Explanation:
A p e x
The management of company B believes that money is the only way to motivate employees. Do u agree.justify ur answer?pls
Answer:
There are actually two answers to this question its a Yes and a No
Explanation:
The reason is some employees are realistic enough to be encourage by words WHILE some others believed to be encouraged by money but from my POV I think no
Define Red Gross Society.
Answer: The Indian Red Cross Society is a voluntary humanitarian organization to protect human life and health based in India.
Explanation: It is part of the International Red Cross and Red Crescent Movement, and so shares the Fundamental Principles of the International Red Cross and Red Crescent Movement.
The colonial government never made any sincere attempt to estimate India's National and per capita income. However some individual attempts were made to measure such incomes. Which among those individual attempts of estimates of national income and per capita income was considered very significant?
The correct answer to this open question is the following.
Among those individual attempts of estimates of national income and per capita income that were considered very significant to estimate India's National and per capita income in the colonial government, are the following.
Those important individual attempts belong to people like William Digby, Findlay Shirras, Dadabhai Naoroji, R.C. Desai, and VKVR Rao. From the British perspective, there was no real interest in the measurement of this economic indicator because what was important for the British government was to fulfill its economic and political interests such as the exploitation of natural resources and raw materials that were sent to England to be transformed in the fabrics and industries of London. The development or growth of India was never a goal.
form a correct sentence by unscrambling the following sentence en el espanol hay vocales cinco
Answer:
its option c
Explanation:
just found it the other guy is also correct
Give an example of a tariff. Use a primary source to give specifics about the amounts or percentages and your opinion on if it is good or bad for the United States (it may be a tariff on the United States or by the United States).
Answer must be 250 words minimum.
Answer:
Taxation of foreign steel
Explanation:
Generally, for the local producers at the first moment, it is very profitable the very existence of tariffs. They exist all over the world at a higher or lower level. But for the customers and most people, it is not. It may result
In the case of George W. Bush administration (2002) resolution on tariffs ranking up to 30% on steel products.
In the aftermath, this political resolution did not reach the goal due: making the US Steel Industry stronger, due to market behavior and to some specificities of the Steel industry.
Some steel products price has risen while others remained almost at the same level.
Some companies closed some plants in the USA and started producing steel offshore.
As an advertising manager of a company, you have been asked to write a proposal stating why the company should advertise and it's benefits to the company
Answer: Advertising helps expand the market of the company to have more people to know about the product
Explanation:
Proposal for advertising; My firm, xyz cooperation would love to handle the publicizing aspect of your product while you go ahead your business. We have been into these business for about 20years, so we understand the challenges that comes with the business and how they are tackled. We are creative and emerging with our services, as we offer them with reasonable and affordable prices, do read through our profile as we look forward working with you
Benefits;
1) We expand your market when we advertise for you
2) We brand your firm with a new look and make consumers get attracted
3) We offer a discount of 15% for new firms and subsequently 5% for consistent customers.
Which statements best describes gases
Answer:
gases have definite shape and volume
Explanation:
Answer:
Gases have random motion.
They don't have definite ahape and volume.
Tbey have weak inter molecular forces.
Explanation:
What does the Paradox of Value explain
Answer:
The paradox of value (also known as the diamond–water paradox) is the contradiction that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market.
Explanation:
What companies are affected badly by corona?
Answer:
mostly food companies
Explanation:
food companies are basically struggling alot!
2. Lessack Auctioneers advertised an auction sale that was open to the public and was to be conducted with a reserve price of $150. Gordon attended the auction and bid $100 for a work of art that was worth much more. No higher bid, however, was made. Lessack refused to sell the item for $100 and withdrew the item from the sale. Gordon claimed that because he was the highest bidder, Lessack was required to sell the item to him. Was he correct? Explain
Answer:
No
Explanation:
There was a reserve on the item which means the seller refuses to sell for a price lower then a certain price.
No, Gordon's claim is not correct because if the reserve price is not met, the seller is under no obligation to sell the item to the highest bidder. As a result, some buyers dislike reserve prices because they encourage bids that may not be successful.
What are the advantages of an auction?Through competitive bidding, an auction generates fair market value, allowing you, the buyer, to make an informed purchasing decision with a seller who is eager to sell. The market value is determined by buyers. Auctions allow for a quick purchase and eliminate the need for lengthy negotiations.
If a minimum bid is not met by any of the bids present at an auction, the auctioneer may 'pass in the property, which means that it has not sold. If this occurs, the winning bidder is usually decided to invite to start negotiating with the seller to see if the sale can still be completed.
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