The company's break-even point is 500 units and $37,500 . In order to earn a profit of $45,000 Maple needs to sell 1500 units. Maple needs to have a sales of $112,500 to have the target profit of $45,000.
What is break-even point?In economics, business, and specifically cost accounting, the break-even point is the point at which total cost and total revenue are equal, i.e. "even". There is no net loss or gain, and one has "broken even," despite the fact that opportunity costs were incurred and capital received the risk-adjusted, expected return.
The calculations are shown below:-
Given,
Selling price= $75,
Variable costs per unit = $30, and
Monthly fixed expenses = $22,500.
a) Break-even point = Fixed cost ÷ Contribution margin
Break-even point= 22,500/ (75 - 30) = 500 units
b) Break-even point ( in dollars) = Fixed cost ÷ Contribution Margin
Break-even point = 22,500/(45/75 ) = $37,500
c) Contribution margin income statement:
Sales (75 × 900) 67,500
Variable cost (900 × 30) (27,000)
Contribution margin 40,500
Fixed costs (22,500)
Net operating income 18,000
d) The break-even point in units and dollars when profit is $45,000.
Break-even point= Fixed cost + Target profit ÷ Contribution Margin
= 67,500/45
= 1,500 units
e) Break-even point ( in dollars)
= Fixed cost + Target Profit ÷ Contribution Margin ratio
= 67,500/(45/75)
= $112,500
f) Contribution margin income statement:
Sales 150,000
Variable cost (2,000× 30) (60,000)
Contribution margin 90,000
Fixed costs (22,500)
Net operating income 67,500
Therefore, all the required information for Maple Enterprise is calculated above.
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Your question is incomplete, but most probably the full question was,
Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The company's monthly fixed expenses are $22,500.
What is the company's break-even point in units?
What is the company's break-even point in dollars?
Construct a contribution margin income statement for the month of September when they will sell 900 units.
How many units will Maple need to sell in order to reach a target profit of $45,000?
What dollar sales will Maple need in order to reach a target profit of $45,000?
Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.
The first interview in the hiring process is called a
What does it mean if a nation has a comparative advantage?
If a nation has a comparative advantage, it means that it can produce a particular good or service at a lower opportunity cost than another country. In other words, the nation can produce a good or service more efficiently or with fewer resources than other countries.
For example, if Country A can produce cars at a lower opportunity cost than Country B, then Country A has a comparative advantage in car production. This means that Country A can produce cars at a lower cost, and therefore, it can sell them at a lower price while still making a profit. Meanwhile, Country B may have a comparative advantage in producing a different good, such as textiles.
Having a comparative advantage can lead to trade between countries, as each country specializes in producing the goods and services in which they have a comparative advantage, and then trades with other countries to obtain the goods and services they need but cannot produce as efficiently. This specialization and trade can lead to increased efficiency and productivity, benefiting both countries involved.
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Target is a large retailer Management is looking into opening stores in major European cities but due to limited floor space, it is unable to offer all of its usual products. You have been hired as a consultant to decide which products to offer. What criteria would you apply to decide which products? Which products would you definitely offer.and which not.
A question of non-availability of the floor space due to which not all the products are been managed to offer. The solution to this situation is to offer few products of all types and the remaining balance to be kept at the warehouse which is not so far from the store. Hence, the product can be accessed quickly.
What is retail management?
The process of assisting customers in finding items in your business is referred to as retail management.
It covers all aspects of your business, from expanding your consumer base to how things are presented and how you meet customer wants. A excellent store manager encourages consumers to leave the establishment grinning.
What function does retail management serve?
Retail managers, also referred to as shop managers, are in charge of managing sales, workers, resources, and inventory in retail establishments on a daily basis. Taking ownership of a store's successful operation is a requirement of retail management.
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which of the following is not correct economists use some familiar words in specialized ways
In order to be more effective and give an economy a competitive advantage . Hence option B is correct
What is Specialization economy ?Specialisation in economics refers to the process through which an organisation concentrates its labour and resources on a certain type of production.
Economic specialisation may be advantageous to businesses across a range of sectors. These are a few explanations for why specialisation in economics can be crucial.
By demonstrating mastery and in-depth knowledge of one particular product, service, or operational process, economic specialisation can assist a business in appealing to a wider spectrum of potential clients.
If a customer is confused which firm to buy from, they may be more inclined to choose a company that is the acknowledged authority in its industry rather than a company that provides a variety of goods.
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This question is Incomplete full question is as follow
Supply, demand, elasticity, comparative advantage, consumer surplus, and deadweight loss are all terms that are part of the economist's language.
Economists use some familiar words in specialized ways.
The value of the economist's language lies in its ability to provide you with a new and useful way of thinking about the world in which you live.
Economics has its own language and its own way of thinking, but few other fields of study do.
Which of the following does the Fed use as a reliable measure for monitoring and controlling the money supply? Check all that apply. O MI O M2 O M3
The Fed measures the money supply using M1 and M2 as reliable measures for monitoring and controlling the money supply.
As shown in the attached image -
Crystal deposits 10 million in an offshore bank account and plans to leave it there for 6 months: M3Edison has $3,000 in a savings account: M2Brian has a roll of quarters that he just withdrew from the bank to do laundry: M1The money supply is the aggregate sum of cash — money, coins, and balances in ledgers — available for use.
The money supply is generally characterized to be a gathering of safe resources that families and organizations can use to make instalments or to hold as transient speculations. For instance, U.S. cash and balances held in financial records and bank accounts are remembered for some proportions of the cash supply.
There are a few standard proportions of the cash supply, including the money-related base, M1, and M2
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Complete Question -
Please find the complete question in the attached image -
Examples of how ethical standards differ among countries and cultures include
Multiple choice question.
A. Emerging economies with weak government regulations that allow foreign companies to control labor laws
B International companies that have been able to negotiate a global wage agreement so that all their employees are paid the same no matter what country they are working in
CU.S. executives who complain that their businesses are at a competitive disadvantage when bidding against non-U.S. companies, since foreign companies don't abide by bribery laws
The example of how ethical standards vary between nations and cultures is "U.S. executives who claim that their companies are at a competitive disadvantage when bidding against non-U.S. enterprises, as other companies don't follow by bribery rules."
Fair dealing and moral conduct are matters of business ethics, although their application in real life is not particularly lofty: Building trust amongst company partners is the goal of business ethics. A company's long-term reputation is formed on its pattern of ethical (or immoral) behaviour.
The business ethics of a corporation should be outlined in policies that address a variety of procedures and problems related to corporate governance, insider trading, bribery, discrimination, and fiduciary duties.
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Politicians often argue that more spending on their favorite programs create jobs. Which of the following increases the popularity of this strategy?
The perception that more spending on programs creates jobs is popular because it promises economic growth and improved employment opportunities.
The idea that government spending on programs creates jobs is popular because it appeals to people's desire for economic growth and improved employment opportunities. Politicians often argue that increased spending on infrastructure, education, healthcare, or other social programs will create jobs in those sectors, leading to a boost in economic activity. This argument resonates with voters who are concerned about job security and economic prosperity. However, some economists caution that increased government spending can also lead to inflation and higher taxes, which can have negative effects on the economy. Therefore, while the idea of government spending as a job-creator is popular, it remains a topic of debate among economists and policymakers.
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Ken borrowed $6,000 for 4 years at a rate of 7% simple interest per year. How much interest will ken have to pay after paying back the borrowed amount?.
Issues with interest. Ann put $12,000 into two different bank accounts. One of the accounts offers 6% yearly interest, while the other offers 5%.
What is the definition of "interest"?
A feeling that is associated with or draws attention to a certain object or person: A worry-inducing object or person is referred to as a concern. a fascinating quality in something or someone.
Interest, to put it as simply as possible, is the price of borrowing money. It's the amount you owe your lender from a credit card or loan balance. However, there are other ways to get interest paid to you; the most common ones are certificates of deposit and savings accounts.
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Answer:
The answer would be B, $1,680
Step-by-step explanation:
So first of all you want to start by finding what P, r and t would be.
P = Principal amount ($$)
r = interest rate (%)
t = time
Once I found all of those I put them into the equation (l = Prt) and solved. That's how I came up with $1,680. Check out the screenshot I have provided for all my work! :)
Have a great day!
3. Shifts in supply or demand I
The following graph plots the market for coffee in Philadelphia, where there are always over 1,000 coffee stalls. Suppose the price of tea increases.
(Assume that people regard coffee and tea as substitutes.)
Show the effect of this change on the market for coffee by shifting one or both of the curves on the following graph, holding all else constant.
Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back
to its original position, just drag it a little farther.
PRICE (Dollars per cup)
Supply
Demand
Demand
Supply
?
Move the Demand up on the scale up D2 Up 1 unit. Increase in price of coffee decreases the demand of donuts.
What is Demand?The economics concept of demand describes the consumer's desire to purchase the good or service. The price that consumers are willing to pay for the good or service is used to determine demand.
Demand should increase as prices decrease and decrease as prices rise, if all other variables remain constant. This straightforward idea maintains market stability.
To comprehend the demand for products and services, market and aggregate demand are used. There is a downward slope to the demand curve.
Demand decreases as the price rises. Similar to demand, supply also has an increasing slope. The supply increases as the price rises.
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When making noncash donations, the type of property contributed can make a big difference in the amount, if any, of the deduction. true or false.
True. When making noncash donations, the type of property contributed can make a significant difference in the amount of the deduction that a taxpayer can claim. The value of the property, its condition, and its intended use by the charitable organization all play a role in determining the allowable deduction.
For example, donations of appreciated securities may allow the taxpayer to claim a deduction for the full fair market value of the securities, while donations of clothing or household items may be limited to their thrift store value. Donations of real estate or artwork may require an appraisal to determine their fair market value and ensure that the taxpayer does not overstate the value of the donation. It's important to remember that certain types of donations, such as contributions to political campaigns or personal gifts, are not deductible. Taxpayers should consult with a tax professional or refer to IRS guidelines to ensure they are claiming the correct deduction for their noncash donations.
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Sana Gill withdrew $1,000 from her company for personal expenses. This transaction would be recorded with which of the following entries?
A. debit to Sana Gill, Capital for $1,000
B. debit to Cash for $1,000
C. credit to Sana Gill, Capital for $1,000
D. debit to Sana Gill, Drawing for $1,000
E.credit to Sana Gill, Drawing for $1,000
F. credit to Cash for $1,000
Sana Gill's $1,000 drawing is debited, and $1,000 in cash is credited.
What do debit and credit entail?A business's debits and credits show where value is coming into and going out of it. To maintain the balance of a company's books, they must be equal. Accounts for assets, expenses, and losses gain value as a result of debits. The value of the liability, equity, revenue, and gain accounts is increased by credits. Debits in double-entry accounting refer to money coming in, and credits to money going out. A credit of equal amount must be present in another account for every debit in the first account. A debit is an accounting entry that affects a company's balance sheet by increasing assets or decreasing liabilities. In basic accounting, credits that operate in the inverse direction of debits balance each other out.
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if a stock has low beta, it generally has:
A married couple received $9,200 of social security benefits.
a. Calculate the taxable amount of those benefits if the couple's provisional income is $20,500.
b. Calculate the taxable amount of those benefits if the couple's provisional income is $38,000.
c. Calculate the taxable amount of those benefits if the couple's provisional income is $56,000.
The taxable amount are (a) 0 (b) $2,250 (c) $7,820
How to calculate the taxable amountThe taxable amount of Social Security benefits depends on the couple's provisional income. The formula for calculating the taxable amount of Social Security benefits is:
Up to 50% of the benefits are taxable if the provisional income is between $25,000 and $34,000
Up to 85% of the benefits are taxable if the provisional income is above $34,000.
Here are the calculations for each scenario:
a. If the couple's provisional income is $20,500, the taxable amount of the benefits is 0%.
b. If the couple's provisional income is $38,000, the taxable amount is calculated as follows:
$20,500 (provisional income) - $25,000 (threshold for 50% taxation) = -$4,500
$4,500 * 50% = $2,250
$9,200 (Social Security benefits) x 50% = $4,600
The taxable amount of the benefits is the lesser of $2,250 or $4,600, which is $2,250.
If the couple's provisional income is $56,000, the taxable amount is calculated as follows:
$56,000 (provisional income) - $34,000 (threshold for 85% taxation) = $22,000
$22,000 * 85% = $18,700
$9,200 (Social Security benefits) x 85% = $7,820
The taxable amount of the benefits is the lesser of $18,700 or $7,820, which is $7,820.
So, in (a) the taxable amount of the benefits is $0, in (b) the taxable amount of the benefits is $2,250, and in (c) the taxable amount of the benefits is $7,820.
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PLEASE HELP WILL GIVE BRAINLIEST!!!!!
The cost of postponing the Tokyo Olympics to 2021 in the wake of the Covid-19 virus outbreak ________ an opportunity cost of hosting the 2020 Olympic Games ________.
a/ is not; because the cost of postponing the Tokyo Olympics is a necessary expense
b/ is not; because few people attending the 2020 Olympics will spend much time outside Olympic venues
c/ is; if the costs of the Tokyo postponement are equal to a significant percentage of the total amount spent by Tokyo taxpayers to host the 2020 Olympics
d/ is; if the cost of postponing the Tokyo games would not occur unless Tokyo was hosting the 2020 Olympic games
The cost of postponing the Tokyo Olympics to 2021 in the wake of the Covid-19 virus outbreak is an opportunity cost of hosting the 2020 Olympic Games if the cost of postponing the Tokyo games would not occur unless Tokyo was hosting the 2020 Olympic games
What are Olympic games?
The Summer Olympic Games, also known as the Games of the Olympiad and usually referred to as the Summer Olympics, are an important international multi-sport event typically held once every four years. The inaugural Games took place in Athens, Greece, in 1896, and the most recent was in Tokyo, Japan, in 2021. The Olympic Games are a four-year carnival of international sports. The ultimate goals are to foster global peace and human development through sport. The Winter and Summer Games are separate competitions.
Swimming, fencing, cycling, and athletics are the only sports that have been played in each summer Olympic Games since 1896.
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TERM 1 INFORMAL TASK
HUMAN RESOURCES FUNCTION
ACTIVITY 5
TOTAL: 58
5.1 Read the scenario below and answer the questions that follow.
EZWENI FURNISHERS (EF)
Ezweni Furnishers have appointed Themba and Thoko as sales managers. They are both paid
according to the number of units sold. They also enjoy fringe benefits offered by EF
5.1.1 Identify the method used by EF to determine Themba and Thoko's salaries. Motivate
your answer by quoting from the scenario.
(3)
5.1.2 Explain differences between TWO salary determination methods.
5.1.3 Evaluate the impact of fringe benefits on businesses.
5.4 Essay question
(8)
(8)
Themba and Thoko have been hired by Ezweni Furnishers to serve as sales managers. Both of them receive compensation based on the quantity of units sold. Also, they take pleasure.
What is meant by Human resources ?No of the size of the business, the HR department is an essential part of any operation. It is accountable for increasing worker productivity and defending the company from any issues that might arise among the workers.
Among HR's duties include compensation and benefits, hiring and firing, as well as keeping up with any rules that can have an impact on the company and its personnel.
The Conference Board, an economic think tank driven by its members, listed six essential people-related activities as being necessary for HR to effectively add value to a company.
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5
points
eBookPrintReferencesCheck my workCheck My Work button is now enabledItem 1
Each Tuesday, Ryan Airlines reduces its one-way ticket from Fort Wayne to Chicago from $175 to $35. To receive this special $35 price, the customer must buy a round-trip ticket. Ryan has a nonrefundable 20% penalty fare for cancellation; it estimates that about nine-tenths of 1% will cancel their reservations. The airline also estimates this special price will cause a passenger traffic increase from 500 to 700. Ryan expects revenue for the year to be 53.6% higher than the previous year. Last year, Ryan’s sales were $481,000. To receive the special rate, Janice Miller bought two round-trip tickets. On other airlines, Janice has paid $155 round trip (with no cancellation penalty).
Calculate the percent passenger travel will increase
The percentage passenger travel will increase due to the special price is 40%.
What is percentage?A figure or ratio stated as a fraction of 100 is referred to as a percentage. It is a way to represent a fraction of 100 as a piece of a whole.
The values of interest rates, proportions, and changes in quantity over time are all represented by percentages.
Here, it is given that:
Initial number of passengers = 500
New number of passengers = 700
Difference = 700 - 500 = 200
Percentage increase = (Difference / Initial number of passengers) * 100
Percentage increase = (200 / 500) * 100
Percentage increase = 40%
Thus, the answer is 40%.
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Which situation is a risk banks should prepare for?
O falling interest rates
Opeople switching to online transactions.
Oborrowers who don't pay back loans.
O too many people requesting loans
Answer:
borrowers who don't pay back loans (also known as loan defaults) is a particularly significant risk for banks.
Explanation:
All of the options listed are potential risks that banks should prepare for. However, borrowers who don't pay back loans (also known as loan defaults) is a particularly significant risk for banks. When borrowers default on their loans, it can result in significant financial losses for the bank, and therefore it's important for banks to have measures in place to mitigate this risk, such as thorough credit checks and loan underwriting processes. On the other hand, falling interest rates can impact the bank's profitability, and the shift towards online transactions can pose security and operational challenges, so these are also important risks for banks to consider and prepare for.
Which of the following is the alternating periods of expansion and contraction in the economy?
The term "business cycle" describes the economy's cyclical expansion and contraction. It's also known as the boom-and-bust cycle or the economic cycle. This sort of conduct is seen in all free-market systems.
Business cycles are a sort of variation that may be found in the overall economic activity of a country. A business cycle is made up of expansions that occur roughly at the same time in many different economic activities, followed by contractions that are similarly widespread (recessions). This series of modifications is periodic but not recurrent.
The four stages of an economic cycle—also known as a business cycle—are expansion, peak, contraction, and trough. Since 1950, the length of an economic cycle in the United States has generally ranged between five and a half years.
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When preparing your taxes, what can possibly help
reduce the amount of taxes that you owe?
When preparing our taxes, things that possibly help reduce the amount of taxes are: Investing in Health Insurance, claiming a deduction on our House Rent Allowance, Claiming a deduction on our home loan interest.
What are taxes?
Taxes are a compulsory financial charge or some other type of levy imposed on a taxpayer an individual or a legal entity by a governmental organization to fund government spending and various public expenditures regional, local, or national, and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.
The first known taxation took place in Ancient Egypt around 3000–2800 BC.
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As an entry-level digital marketer, which of the following data analytics tasks might you be responsible for? Select all that apply.
a. Pulling
b. Reporting
c. Modeling
d. Analysis
As an entry-level digital marketer, the following tasks data analytics is responsible for -
1. Pulluing (Option A)
2. Reporting (Option B)
3. Analysis (Option D)
A digital marketer is an individual who involves in different advanced stages to arrive at possible clients for the commercial of the items and administrations presented by an organization. What characterizes a computerized advertiser is, that individual's capacity to design and execute showcasing efforts. They likewise work on dissecting the reports to construct and keep up with the internet-based presence of an organization. The capacity to interface with expected clients through imaginative computerized promotion methodologies, email crusades and infectious virtual entertainment posts is what advanced advertisers are known for.
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For an inferior good with a decreased price, the substitution effect is negative and the income effect is negative. The overall effect on the consumer equilibrium condition depends on the relative strength of these two effects.
What is the changes in inferior good effect on consumer equilibrium?If Good X is an inferior good and its price decreases, the consumer equilibrium condition can be analyzed using the Slu/tsky decomposition approach. The Slu/tsky decomposition approach separates the substitution effect and the income effect of a price change.
The substitution effect occurs when the price of good x decreases, causing consumers to substitute other goods for good x, since it has become relatively more expensive. In this case, the substitution effect for good x is negative, meaning that consumers will decrease their consumption of good x as they substitute other goods for it.
The income effect occurs when the decrease in the price of good x increases the purchasing power of consumers, allowing them to buy more of all goods, including good x. In the case of an inferior good, the income effect is negative, since as consumers' incomes increase, they tend to buy less of inferior goods.
If the substitution effect is stronger than the income effect, the consumer will consume less of good x and the overall quantity demanded of x will decrease. If the income effect is stronger than the substitution effect, the consumer will consume more of good x, and the overall quantity demanded of x will increase.
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Richardson Services Ltd. was formed on May 1, 2020. The following transactions took place during the first month.
May 1. Shareholders invested £500,000 cash in exchange for ordinary shares.
Paid £24,000 cash for office rent in advance.
Purchased equipment costing £300,000. A cash payment of £60,000 was made immediately; the remainder will be paid in 6 months.
Paid £18,000 cash for a one-year insurance policy on the furniture and equipment.
Purchased basic office supplies for £940 cash.
Purchased more office supplies for £1,300 on account.
Total revenues recognized were £18,000—£5,000 cash and £13,000 on account.
Paid £400 to suppliers for accounts payable due.
Received £3,000 from customers in payment of accounts receivable.
Received utility bills in the amount of £2600, to be paid next month.
Paid the monthly salaries of the two employees, totalling £5,600.
Incurred advertising costs, paid in cash, £1,000.
Received cash of £12,000 for services that will be performed next month.
Miscellaneous expenses paid in cash, £1,100.
Declared and paid an £800 cash dividend.
Instructions
Prepare journal entries to record each of the events listed. (Omit explanations.)
Post the journal entries.
Prepare a trial balance as of May 31, 2020.
Posting journal entries and trial balance of the transactions of Richardson Services Ltd. which was formed on May 1, 2020.
What will be the journal entries and trial balance?The journal entries are:
Journal Entries:
May 1
Dr. Cash 500,000
Cr. Ordinary Shares 500,000
May 1
Dr. Office Rent Expense 24,000
Cr. Cash 24,000
May 1
Dr. Equipment 300,000
Cr. Cash 60,000
Cr. Accounts Payable 240,000
May 1
Dr. Insurance Expense 18,000
Cr. Cash 18,000
May 1
Dr. Office Supplies Expense 940
Cr. Cash 940
May 1
Dr. Accounts Receivable 13,000
Cr. Service Revenue 13,000
May 1
Dr. Accounts Payable 400
Cr. Cash 400
May 1
Dr. Cash 3,000
Cr. Accounts Receivable 3,000
May 1
Dr. Utility Expenses 2,600
Cr. Accounts Payable 2,600
May 1
Dr. Salaries Expense 5,600
Cr. Cash 5,600
May 1
Dr. Advertising Expense 1,000
Cr. Cash 1,000
May 1
Dr. Unearned Service Revenue 12,000
Cr. Cash 12,000
May 1
Dr. Miscellaneous Expense 1,100
Cr. Cash 1,100
May 1
Dr. Dividend 800
Cr. Cash 800
Posting:
Debit Credit
Cash 514,400
Ordinary Shares 500,000
Office Rent Expense 24,000
Equipment 300,000
Accounts Payable 240,000
Insurance Expense 18,000
Office Supplies Expense 940
Accounts Receivable 16,000
Service Revenue 13,000
Utility Expenses 2,600
Salaries Expense 5,600
Advertising Expense 1,000
Unearned Service Revenue 12,000
Miscellaneous Expense 1,100
Dividend 800
Trial Balance as of May 31, 2020:
Debit Credit
Cash 514,400
Ordinary Shares 500,000
Office Rent Expense 24,000
Equipment 300,000
Accounts Payable 242,600
Insurance Expense 18,000
Office Supplies Expense 940
Accounts Receivable 16,000
Service Revenue 13,000
Utility Expenses 2,600
Salaries Expense 5,600
Advertising Expense 1,000
Unearned Service Revenue 12,000
Miscellaneous Expense 1,100
Dividend 800
Total Debit 1,327,340
Total Credit 1,327,340
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What will happen when supply elasticity is less than demand elasticity?
An inelastic demand or inelastic supply is less responsive to price changes when elasticity is less than one.
When demand is more flexible than supply, what does this mean?Buyers bear the majority of the tax burden when supply is more flexible than demand. The majority of the tax's cost is borne by producers when demand is more flexible than supply. The more inelastic the demand and supply, the higher the tax revenue.
When supply is less elastic, what happens?technically known as "low elasticity of supply," which means that a commodity's supply to the market is not significantly affected by the price at which it can be sold.
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Vocabulary - Terminology for components of taxable income Aa Aa Components to Taxable Income Terminology Match the terms relating to the basic terminology and concepts of personal taxation on the left with the descriptions of the terms on the right. Read each description carefully and type the letter of the description in the Answer column next to the correct term These are not necessarily complete definitions, but there is only one possible answer for each term Term Answer Description Adiustments A. This is mortgage interest expense. Adjusted gross B. This is adjusted annually for changes in cost of living income Deductions C. This is a claim made by the taxpayer for each person supported by the taxpayer's income Reduce AGI by the standard deduction and allowable exemptions This term equals gross income less adjustments. This term refers to allowable expenses that are deducted from AGI. Examples of this term include charitable deductions, state and local taxes, and moving expenses. Standard deduction Itemized deductio Exemption D. E. F. G. example Capital gains tax categories Steps to AGI Steps to taxable ncome H. This term refers to the result after deducting expenses like alimony paid and self-employment taxes, to name a few. I. This is taxed as ordinary income if held less than 12 months. Taken against gross income, they result in AGI
Taken against gross income, they result in AGI: Adjustments.
H. It refers to income after deducting expenses such as alimony and self-employed tax: Adjusted gross income.
What is Adjusted Gross Revenue used for?Adjusted Gross Income is Gross Income less certain deductions. In addition, adjusted gross income is the starting point for calculating taxes and determining eligibility for certain tax credits and deductions that can be used to reduce your overall tax burden.
What is an example of adjusted gross income?Gross income includes wages, dividends, capital gains, business income, pension payments, and other income. Adjustments income include loan interest for student, expenses for faculty and staff, payment for child support, and retirement accounts contributions.
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Barnes books allows for possible bad debts. On may 7, barnes writes off a customer account of $7,000. On september 9, the customer unexpectedly pays the $7,000 balance.
The graphic below shows the details of the cash collection on September 9 that had been noted as a bad debt.
The organised record of every accounting transaction is a journal entry. It is the initial phase of accounting transaction recording. It displays every transaction that was done throughout the accounting period. Barnes Books allows for later-recoverable bad debts in the scenario described. On May 7, the business deducts a customer account. The client unintentionally settles the $7,000 amount on September 9. The figure below then shows the journal entry for receiving the bad debts amount on September 9. The graphic below is a record of the cash collected on September 9.
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Week 3 Contract Charter
In a word document start the first six sections of your bargaining agreement as indicated below:
Preamble
Article 1 – Definitions
Article 2 – Parties, Recognition and Representation
Article 3 – Management Rights
Article 4 – Employee Rights
Article 5 – General Employment Policies & Conditions
Refer to Pacific County Bargaining Agreement: Do not copy and paste please thoughtful in defining each section of your agreement. Include a title page with the name of your company and the name of the bargaining unit that is represented. Additionally start a table of contents. The paper should contain one (1) inch margins on all sides, page numbers in the bottom left corners. All paragraph sections are to be double spaced, justified and all headers should be centered and bolded. Each section should be on a separate page. Please be original and please have fun!
Pacific County Agreement: https://www.co.pacific.wa.us/PDF/CBA-local-union-367C-courthouse-2020-2022.pdf
[Company Name]
Bargaining Agreement
Between [Company Name] and [Bargaining Unit Name]
How should the bargaining agreement look like?Table of Contents
I. Preamble
II. Article 1 – Definitions
III. Article 2 – Parties, Recognition and Representation
IV. Article 3 – Management Rights
V. Article 4 – Employee Rights
VI. Article 5 – General Employment Policies & Conditions
I. Preamble
This Bargaining Agreement (“Agreement”) is entered into by and between [Company Name], hereinafter referred to as “Employer,” and [Bargaining Unit Name], hereinafter referred to as “Union,” and is made effective as of [Date].
II. Article 1 – Definitions
In this Agreement, the following terms shall have the meanings set forth below:
“Employer” means [Company Name].
“Union” means [Bargaining Unit Name].
“Employee” means any person employed by the Employer who is a member of the bargaining unit represented by the Union.
“Bargaining Unit” means the employees who are represented by the Union for the purpose of collective bargaining.
III. Article 2 – Parties, Recognition and Representation
A. Recognition: The Employer recognizes the Union as the exclusive bargaining agent for all employees in the Bargaining Unit.
B. Representation: The Union shall have the right to represent its members and bargain collectively with the Employer.
C. No Interference: The Employer shall not interfere with the rights of the Union or its members to engage in protected concerted activities as set forth by law.
IV. Article 3 – Management Rights
A. Management rights are defined as the rights reserved to the Employer to operate the business and manage its workforce, including but not limited to:
Directing and supervising employees
Scheduling work hours and assignments
Determining the methods, means and personnel by which work is to be performed
Determining the qualifications and abilities of employees
Hiring, promoting, transferring, and assigning employees
V. Article 4 – Employee Rights
A. Employee rights are defined as the rights granted to employees as set forth by law and this Agreement, including but not limited to:
The right to engage in protected concerted activities
The right to a safe and healthy work environment
The right to fair and equal treatment in all aspects of employment
The right to engage in collective bargaining
The right to file grievances as set forth in this Agreement
VI. Article 5 – General Employment Policies & Conditions
A. Wages: The Employer shall pay employees a fair wage in accordance with the wage schedules set forth in this Agreement.
B. Benefits: The Employer shall provide benefits to employees in accordance with the benefits plan outlined in this Agreement.
C. Hours of Work: The normal workweek shall be [insert number] hours, Monday through Friday, with weekends off.
D. Overtimes: Overtimes will be compensated in accordance with the overtime policy set forth in this Agreement.
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Two different investment companies offer college savings plans, one at 8.4% compounded continuously and the other at 8.6% compounded quarterly. Which is the better investment?
When labor supply in a competitive labor market increases, the equilibrium wage rate and employment will change in which of the following ways?a. The firm should employ more workers
b. Marginal revenue product curve
c. the marginal revenue product of labor will decrease
d. Wage rate: decrease
e. employment: increase
When labor supply in a competitive labor market increases, the equilibrium wage rate and employment change as the wage rate decreases and employment increases.
The equilibrium wage rate and employment level will adapt to changes in labor supply and demand in a competitive labor market. All other elements being equal, the equilibrium pay rate will decline as the labor supply rises. All other things being equal, the equilibrium pay rate will fall as the labor supply rises. Such a situation arises as there are more applicants for the open opportunities than there are total available jobs, which undermines the overall negotiating power of individual workers and enables employers to offer lower wages.
As manpower availability will rise or grow to a certain level, it will help people to easily find jobs, which will in return boost the level of employment in the market as a whole. The market will adjust as supply and demand change to establish a new equilibrium where the amount of manpower supplied is equivalent to the amount of workforce requested by firms, at a particular wage rate.
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The Whitt Window Company is a company with only three employees that makes two different kinds of handcrafted windows: a wood-framed and an aluminum framed window. They earn $60 profit for each wood-framed window and $30 profit for each aluminum-framed window. Doug makes the wood frames and can make 6 per day. Linda makes the aluminum frames and can make 4 per day. Bob forms and cuts the glass and can make 48 square feet of glass per day. Each CI wood-framed window uses 6 square feet of glass and each aluminum-framed window uses 8 square feet of glass. The company wishes to determine how many windows of each type to produce per day to maximize total profit. Describe the analogy between this problem and the Wyndor Glass Co. problem discussed in Section 2.1. Then construct and fill in a table like Table 2.1 for this problem, identifying both the activities and the resources. Identify verbally the decisions to be made, the constraints on these decisions, and the overall measure of performance for the decisions. Convert these verbal descriptions of the constraints and the measure of performance into quantitative expressions in terms of the data and decisions. Formulate a spreadsheet model for this problem. Identify the data cells, the changing cells, and the objective cell. Also show the Excel equation for each output cell expressed as a SUMPRODUCT function. Then use Solver to solve this model. Indicate why this spreadsheet model is a linear programming model. Formulate this same model algebraically. Identify the decision variables, objective function, nonnegativity constraints, functional constraints, and parameters in both the algebraic version and spreadsheet version of the model. Use the graphical method to solve this model. A new competitor in town has started making wood- LOS framed windows as well. This may force the company to lower the price it charges and so lower the profit made for each wood-framed window. How would the optimal solution change (if at all) if the profit per wood-framed window decreases from $60 to $40? From $60 to $20? Doug is considering lowering his working hours, which would decrease the number of wood frames he makes per day. How would the optimal solution change if he only makes 5 wood frames per day?
a) We wish to determine the ideal levels of two operations that fight for scarce resources, just like in the Wyndor Glass Co.
Wbe the desired quantity of wooden framed windows.
Tell Abe how many windows with aluminum frames to make.
b) The choice is how many windows of each type to manufacture. The quantity of glass, metal, and wood that is available limits the options. Moreover, it is impossible to have negative production levels.
The anticipated profit serves as the primary performance indicator for the decisions.
c) Profit = $60 (wooden frames) + $30 (aluminum frames).
e) Because the decisions are represented by altering cells, which can take on any value as long as it complies with the restrictions, this model is a linear programming one.
A data cell is on the right, a mathematical sign is in the center, and an output cell is on the left for each constraint. The target cell represents the entire performance level, and maximizing that cell is the goal.
Also, each output cell's Excel equation is written as a SUMPRODUCT function, where each term in the total represents the union of a data cell and a changing cell.
h) The Optimal Solution (W, A) = (x1, x2)
Optimal Solution = (6, 1.5), with P = $405.
The solution remains the same when the profit per wooden window is $40 and P is $285.
i) In the case when the profit per wood-framed window is $20 and
P = $173.33,
The optimal solution (W, A) = (2.667, 4)
j) If Doug can only produce 5 wood frames every day,
the Optimal Solution (W, A) = (5, 2.25)
and P = $367.50.
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Differentiate between internet marketing and traditional marketing using
Wilson and Mac donald model
using kiani's model
Wilson and Macdonald's model provides a useful framework for understanding the differences between Internet marketing and traditional marketing. It looks at the different stages of the marketing process and compares the differences between the two approaches.
What is a marketing?The process of generating, providing, and conveying value to customers while maintaining customer relationships to the advantage of the company and its stakeholders is known as marketing. Marketing is a wide notion that includes everything that goes into marketing and selling goods and services, including market research, advertising, promotions, and public relations, as well as pricing, product creation, distribution, and customer service.
The model developed by Wilson and Macdonald offers a helpful foundation for comprehending the variations between Internet marketing and conventional marketing. This model examines the many steps in the marketing process and contrasts the variations in the two strategies.
Finding the target market is the first step in the Wilson and Macdonald approach. Age, gender, and income demographics as well as location information are frequently used in traditional marketing to pinpoint the target market. Yet, utilising online information like search engine query phrases, website traffic, and online chats, internet marketing may more readily target a more niche demographic.
The choice of the marketing mix is the second step in Wilson and Macdonald's methodology. To reach its target audience, traditional marketing makes use of a range of media, including print, radio, and television. Nevertheless, internet marketing may use a variety of digital platforms, including websites, search engine optimization, pay-per-click marketing, and social media.
Implementing the marketing mix is the third stage of the model. A big budget and a team of people are frequently needed for traditional marketing campaigns. On the other side, internet marketing can be executed rapidly, cheaply, and with little staff.
The measuring of outcomes is the model's fourth stage. Surveys and focus groups are frequently used in traditional marketing to evaluate the effectiveness of a campaign. Yet, online marketing allows for real-time results monitoring, which makes it simpler to hone and improve the strategy.
In conclusion, the Wilson and Macdonald model offers a practical framework for comprehending the distinctions between traditional marketing and Internet marketing. Internet marketing has the potential to be far more cost-effective and focused than traditional marketing, and it can provide results faster and with more accuracy.
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