Explanation:
Strategic planning is the long-term actions that a company will implement in its organizational processes to achieve its objectives and goals. Through strategic planning, a company creates an identity, a culture that assists in the company's internal and external positioning, in addition to managing the resources, the decision-making process and the timing of the actions necessary to remain profitable and competitive in the market.
In any organization, regardless of sector or size, strategic planning will assist in efficiency and effectiveness in the use of physical, financial, human, marketing and administrative resources.
Lloyd is a divorce attormey who practices law in Florida. He wants to join the American Divorce Lawyers Associlation (ADLA), a professional organization attorneys must be paid at the beginning of each year. For instance, membership dues for dues for the second year are buy a lifetime membership today for $7,000 and never have to pay annual membership dues tion for divorce attorneys. The membership dues for the ADLA are S75。po year the first year are paid today, and payable one year from today. However, the ADLA also has an option for members to lfetime membership isn't a good deal If you only remain a member for a couple of years, but if you remain a member for 40 years, it's a great deal. Suppose that the appropriate annual interest rate is 8.9%.
What is the minimum number of years that LUoyd must remain a member of the ADLA so that the lifetime membership is cheaper (on a present value basis) than paying $750 in annual membership dues? (Note: Round your answer up to the nearest year.)
a. 17 years
b. 18 years
c. 20 years
d. 15 years
Answer: a. 17 years
Explanation:
The annual fee is $750.
The number of years that it will take for the lifetime subscription to be cheaper than the annual fee is the number of years it will take the the annual fee of $750 paid every year to have a present value of $7,000 given an annual interest rate of 8.9%.
Using the Excel function of NPER this is;
=NPER(rate,pmt,pv,fv,1)
= NPER(8.9%,-750,7000,0,1)
= 16.88 years
= 17 years
In three to five sentences, describe how you would create a graph.
Answer: My explaintion is a math graph
Explanation:
I would find both values for example y and x. I would create my graph by using the values of x and y. The points will be proportional to the values given. Once the values are proportional to each other then will have a proportional graph.
Answer:
In order to create a graph, the first step is to highlight the data. Highlight cells with labels and numbers that you would like included in your graph. When entering the data into the spreadsheet, don't leave blank rows or columns between data. Once you've highlighted the proper data, use the command for inserting a graph or chart. The software will lead you through some steps for choosing layout, format, and range of cells.
Explanation:
Here you go, I moved it since one of the other answers was deleted.
The sales tax rate for South Salt Lake is 7.05%.What is the state sales tax on a $13,600 car in South Salt Lake?$What is the final cost of the car, including tax?$The sales tax rate for Morgan County is 5.95%.What is the state sales tax on that same car purchase in Morgan County?$What is the final cost of the car in Morgan County, including tax?$How much money would you save by driving to Morgan County to purchase the vehicle?$
Answer:
The sales tax rate for South Salt Lake is 7.05%. What is the state sales tax on a $13,600 car in South Salt Lake?
sales tax = $13,600 x 7.05% = $958.80What is the final cost of the car, including tax?
final cost = $13,600 + $958.80 = $14,558.80The sales tax rate for Morgan County is 5.95%. What is the state sales tax on that same car purchase in Morgan County?
sales tax = $13,600 x 5.95% = $809.20What is the final cost of the car in Morgan County, including tax?
final cost = $13,600 + $809.20 = $14,409.20How much money would you save by driving to Morgan County to purchase the vehicle?
money saved = $14,558.80 - $14,409.20 = $149.60You are considering two equally risky annuities, each of which pays $5,000 per year for 10 years. Investment ORD is an ordinary (or deferred) annuity, while Investment DUE is an annuity due. Which of the following statements is CORRECT? Group of answer choices The present value of ORD exceeds the present value of DUE, and the future value of ORD also exceeds the future value of DUE. If the going rate of interest decreases from 10% to 0%, the difference between the present value of ORD and the present value of DUE would remain constant. A rational investor would be willing to pay more for DUE than for ORD, so their market prices should differ. The present value of DUE exceeds the present value of ORD, while the future value of DUE is less than the future value of ORD. The present value of ORD exceeds the present value of DUE, while the future value of DUE exceeds the future value of ORD.
Answer:
A rational investor would be willing to pay more for DUE than for ORD, so their market prices should differ.
Explanation:
If both annuities pay the same amount ($5,000 per year), then the present value of the annuity due will always be higher than the present value of the ordinary annuity. Therefore, an investor will always be willing to pay more (at equal risk) for the annuity due than the ordinary annuity.
E.g. let say that both annuities carry a 10% interest rate.
The present value of the annuity due is:
PV = $5,000 + [$5,000 x 5.7590 (PV annuity factor, 10%, 9 periods)] = $33,795
The present value of the ordinary annuity is:
PV = $5,000 x 6.1446 (PV annuity factor, 10%, 10 periods) = $30,723
The logic behind this is that $1 today is worth more than $1 tomorrow, and the annuity due's first payment is today, while the ordinary annuity's first payment is in 1 year.
You are 30 years old today and are considering studying for an MBA. You just received your annual salary of $50,000 and expect it to grow by 3% per year. MBA typically earns $80,000 upon graduation, with salaries growing by 4% per year. The MBA program you are considering is a full-time, 2-year day program that costs $30,000 per year, payable at the end of each study year. You want to retire on your 65th birthday. The relevant discount rate is 8%\.\* Is it worthwhile for you to quit your job in order to do an MBA (ignore income taxes)? * Meaning: Your MBA is an investment like any other investment. On other investments, you can earn 8% per year, the MBA has to be judged against this standard.
Answer:
Yes, you should take the MBA because the NPV of taking the MBA is positive.
Explanation:
the total economic costs of taking the MBA program include the lost wages + the costs of taking the MBA and any interest you could have earned by investing it on something else = ($50,000 x 1.03) + ($50,000 x 1.03²) + (2 x $30,000 x 1.08) = $51,500 + $53,045 + $64,800 = $169,345
the present value of your total economic costs:
$51,500/1.08 + $53,045/1.08² + $32,400/1.08 + $32,400/1.08² = $47,685.19 + $45,477.54 + $30,000 + $27,777.78 = $150,940.51
if you continued to work, your salary at year 3 would be $54,636.35 and it would continue to increase by 3% every year. The salary that you can earn with an MBA is $80,000 and it will grow by 4% per year. I used an excel spreadsheet to calculate future salaries and the differential amount between them. Then I calculated the PV at the beginning of year 3 of the differential income.
The PV of the differential income today = $560,281.31 /1.08³ = $444,769.38
the NPV of taking an MBA = $444,769.38 - $150,940.51 = $293,828.87
g The Nite Lite Factory produces two products - small lamps and desk lamps. It has two separate departments - finishing and production. The overhead budget for the finishing department is $550,000, using 500,000 direct labor hours. The overhead budget for the production department is $400,000 using 80,000 direct labor hours. If the budget estimates that a desk lamp will require 2 hours of finishing and 1 hour of production, how much factory overhead will be allocated to each unit of desk lamps using the multiple production department factory overhead rate method with an allocation base of direct labor hours
Answer:
$7.20
Explanation:
Given the following :
FINISHING department :
overhead budget = $550,000
direct labor HOURS = 500,000
PRODUCTION department :
overhead budget = $400,000
direct labor hours = 80,000
Predetermined allocation rate for finishing department :
Overhead / allocation base = ($550,000 / 500,000) = $1.10 per direct labor hour
Predetermined allocation rate for production department :
Overhead / allocation base = ($400,000 / 80,000) = $5 per direct labor hour
If the budget estimates that a desk lamp will require 2 hours of finishing and 1 hour of production:
Finishing department :
(2 × Predetermined allocation rate for finishing department)
= (2 × $1.10) = $2.20
Production :
(1 × Predetermined allocation rate for production department)
= (1 × $5). = $5
Total = ($2.20 + $5) = $7.20
module 3 BlockWood Inc. has been providing raw materials to Couches Corp., a furniture company. The management at Couches recently decided to cut the prices it pays for the raw materials. BlockWood Inc. tried to negotiate a price that would be feasible for both companies, but Couches did not agree to pay more than what they had quoted. As BlockWood Inc. was facing similar difficulties with other buyers too, it eventually stopped supplying raw materials and took to manufacturing furniture instead. This scenario best illustrates ________.
The correct answer to this open question is the following.
You forgot to include the options for this question. However, we can answer the following.
This scenario best illustrates forward integration.
This is a case of forward integration because BlockWood Inc., which was facing similar difficulties with other buyers too, eventually stopped supplying raw materials and took to manufacturing furniture instead. SO they decided to fabricate their own furniture.
Companies make this decision as a process of vertical integration to expand and grow their business. In this case to produce and control their own products, eliminating the retailer that had decided to pay less money for the raw materials.
So now, Blockwood Inc. has the challenge to design and sell the products it is fabricating.
Which of the following is not an attribute of every leader?
O focused
O highly-paid
O a good listener
O able to teach others
Job costing, process costing. In each of the following situations, determine whether job costing or process costing would be more appropriate.
a. A CPA firm
b. An oil refinery
c. A custom furniture manufacturer
d. A tire manufacturer
e. A textbook publisher
f. A pharmaceutical company
g. An advertising agency
h. An architecture firm
i. A flour mill
j. A paint manufacturer
k. A nursing home
l. A landscaping company
m. A cola-drink-concentrate producer
n. A movie studio
o. A law firm
p. A commercial aircraft manufacturer
q. A management consulting firm
r. A plumbing contractor
s. A catering service
t. A paper mill
u. An auto repair shop
Answer:
a. A CPA firm Job costing
b. An oil refinery Process costing
c. A custom furniture manufacturer Process costing
d. A tire manufacturer Process costing
e. A textbook publisher Process costing
f. A pharmaceutical company Process costing
g. An advertising agency Job costing
h. An architecture firm Job costing
i. A flour mill Process costing
j. A paint manufacturer Process costing
k. A nursing home Job costing
l. A landscaping company Job costing
m. A cola-drink-concentrate producer Process costing
n. A movie studio Job costing
o. A law firm Job costing
p. A commercial aircraft manufacturer Process costing
q. A management consulting firm Job costing
r. A plumbing contractor Job costing
s. A catering service Job costing
t. A paper mill Process costing
u. An auto repair shop Job costing
Explanation:
The Square Box is considering two independent projects, both of which have an initial cost of $18,000. The cash inflows of Project A are $3,000, $7,000, and $10,000 over the next three years, respectively. The cash inflows for Project B are $3,000, $7,000, and $15,000 over the next three years, respectively. The required return is 12 percent and the required discounted payback period is 3 years. Based on discounted payback, which project(s), if either, should be accepted? Multiple Choice Both projects should be accepted. Both projects should be rejected. Project A should be accepted and Project B should be rejected. Project A should be rejected and Project B should be accepted. You should be indifferent to accepting either or both projects.
Answer:
Project A should be rejected and Project B should be accepted.
Explanation:
Discounted payback period calculates the amount of time it takes to recover the amount invested in a project from its discounted cash flows
Project A
Cash flow in year 0 = $-18,000
Cash flow in year 1 = $3,000
Cash flow in year 2 = $7,000
Cash flow in year 3 = $10,000
I = 12%
The present value of the cash flows are less than $18,000. This means that the cash flows would not be recovered within the 3 years so project A should not be accepted
Project B
Cash flow in year 0 = $-18,000
Cash flow in year 1 = $3,000
Cash flow in year 2 = $7,000
Cash flow in year 3 = $15,000
I = 12%
Discounted cash flow in year 1 = 3000 / 1.12 = 2678.57
Discounted cash flow in year 2 = 7000 / 1.12^2 = 5580.36
Discounted cash flow in year 3 = 15000 / 1.12^3 = 10676.70
The amount recovered in year 1 = $18,000 - 2678.57 = $15,321.43
The amount recovered in year 2 = $15,321.43 - 5580.36 = $9,741.07
The amount recovered in year 3 = $9,741.07 / 10676.70 = 0.912
The amount is recovered in 2.91 years which is less than 3 years and so it is accepted
Medusa Products uses a job-order costing system. Overhead costs are applied to jobs on the basis of machine-hours. At the beginning of the year, management estimated that the company would work 86,000 machine-hours and incur $215,000 in manufacturing overhead costs for the year. Required: 1. Compute the company's predetermined overhead rate. (Round your answer to 2 decimal places.) 2. Assume that during the year the company actually worked only 80,500 machine-hours and incurred $210,000 of manufacturing overhead costs. Compute the amount of underapplied or overapplied overhead for the year. (Round your intermediate calculation to 2 decimal places.)
Answer:
1. $2.50
2. $8,855.00
Explanation:
1. The computation of the company's predetermined overhead rate is shown below:-
1. Predetermined Application rate = Manufacturing overhead costs ÷ Machine hours
= $215,000 ÷ 86,000
= $2.50
2. The computation of the amount of underapplied or overapplied overhead for the year is shown below:-
Actual application = Manufacturing overhead costs ÷ Machine hours
= $210,000 ÷ 80,500
= 2.61
Now the under absrobed is
= 2.61 - 2.50
= 0.11
Now the under overhead is
= 80,500 × 0.11
= $8,855.00
When cell phones were first entering the market, they were relatively large and reception was undependable. All cell phones were essentially the same. But as the technology developed, many competitors entered, introducing features unique to their phones. Today, cell phones are only a small fraction of the size and weight of their predecessors. Consumers can buy cell phones with color screens, cameras, Internet access, daily planners, or voice activation (and any combination of these features). The history of the cell phone demonstrates what marketing trend? Group of answer choices Markets evolve toward greater heterogeneity over time. Product diversity declines as more market segments develop. Technology advances are almost always introduced by market leaders. Market segmentation usually forces existing companies out of business. New competitors seldom bring innovation into an existing market.
Answer:
The correct answer is: Markets evolve toward greater heterogeneity over time.
Explanation:
The history of cell phones shows a marketing trend that markets evolve towards greater heterogeneity over time.
This occurs in relation to market segmentation, that is, organizations identify groups of consumers with similar tastes and develop all their marketing actions to reach a certain demand according to their needs, tastes and preferences. Market segmentation creates a heterogeneous market, with differentiated products in terms of functionality, design, price, benefits, etc., so that existing demands are met.
Suppose that Tyler wants to buy a house and is thinking of using $20,000 that sits in a retirement account for a down payment on this new home. Using the $20,000 as a down payment will reduce Tyler's income when he retires in 30 years. If Tyler can earn an 8% annual return on his money if he leaves it in the retirement account, how much will his consumption in retirement be reduced if he uses this money for a down payment now
Answer:
If he uses the money today, his retirement consumption will decrease by $201,253.14.
Explanation:
Giving the following information:
Present Value= $20,000
Number of periods= 30 years
Interest rate= 8% compounded annually
We need to determine the future value (capital + interest) of the $20,000 in 30 years, using the following formula:
FV= PV*(1+i)^n
FV= 20,000*(1.08^30)
FV= $201,253.14
If he uses the money today, his retirement consumption will decrease by $201,253.14.
A stationery company plans to launch a new type of indelible ink pen. Advertising for the new product will be heavy and will cost the company $8 million, although the company expects general revenues of $280 million next year from sources other than sales of the new pen. If the company has a corporate tax-rate of 35% on its pretax income, what effect will the advertising for the new pen have on its taxes? It will increase taxes by $8 million. It will increase taxes by $2.8 million. It will have no effect on taxes. It will reduce taxes by $2.8 million.
Answer: It will reduce taxes by $2.8 million.
Explanation:
Expenses are tax deductible which means that the advertising expense will reduce tax by 35% of it's value.
= 8,000,000 * 35%
= $2,800,000
Expenses of $8,000,000 will reduce pre-tax profit by the same amount which would lead to taxes being $2,800,000 lower.
A farmer grows wheat, which she sells to a miller for $70. The miller turns the wheat into flour, which she sells to a baker for $120. The baker turns the wheat into bread, which she sells to consumers for $135. Consumers eat the bread. Assume that these transactions account for all economic activity in this economy. GDP in this economy is $ . Value added is defined as the value of a producer's output minus the value of the intermediate goods that the producer buys to make the output.
Answer:
$135
Explanation:
Gross domestic product is the sum of the final goods and services produced in an economy within a given period which is usually a year
It is only final goods that are included in the calculation of GDP. that value is $135
GDP calculated using the expenditure approach :
GDP = Consumption spending + Business spending + Investment spending + Government spending + Net export
Reasons for printing your document include all of the following except:
A. It gets to the recipient faster.
B. It can be more secure and private.
C. It is easier to proofread for errors.
D. You can get proof of delivery to the sender.
Answer: A. It gets to the recipient faster.
or 2019, Gourmet Kitchen Products reported $21 million of sales and $17 million of operating costs (including depreciation). The company has $15 million of total invested capital. Its after-tax cost of capital is 10% and its federal-plus-state income tax rate was 25%. What was the firm's economic value added (EVA), that is, how much value did management add to stockholders' wealth during 2019? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.
Answer:
$1,500,000
Explanation:
The computation of the firm's economic value added is given below:-
Economic value added (EVA) = Net operating profit after taxes - Invested capital × Cost of capital
= (($21,000,000 - $17,000,000) × (1 - 0.25)) - ($15,000,000 × 10%)
= ($4,000,000 × 0.75) - $1,500,000
= $3,000,000 - $1,500,000
= $1,500,000
So, we have applied the above formula.
Carmen’s Beauty Salon has estimated monthly financing requirements for the next six months as follows: January $ 8,600 April $ 8,600 February 2,600 May 9,600 March 3,600 June 4,600 Short-term financing will be utilized for the next six months. Projected annual interest rates are: January 5 % April 12 % February 6 May 12 March 9 June 12 What long-term interest rate would represent a break-even point between using short-term financing and long-term financing? (Round your monthly interest rate to 2 decimal places when expressed as a percent. Round your interest payments to the nearest whole cent. Input your answer as a percent rounded to 2 decimal places.)
Answer:
9.70% annual or 0.808% per month
Explanation:
month financing requirements interest rate interest charged
January 8,600 5% 35.83
February 2,600 6% 13
March 3,600 9% 27
April 8,600 12% 86
May 9,600 12% 96
June 4,600 12% 46
total 37,600 303.83
break even annual rate = 12 months x (total interest charged / total financial requirements) = 12 x (303.83 / 37,600) = 0.096967 = 9.70% or 0.808% per month
we can check our answer:
month financing requirements interest rate interest charged
January 8,600 9.7% 69.49
February 2,600 9.7% 21.01
March 3,600 9.7% 29.09
April 8,600 9.7% 69.49
May 9,600 9.7% 77.57
June 4,600 9.7% 37.17
total 37,600 303.82
The owner of a bicycle repair shop forecasts revenues of $160,000 a year. Variable costs will be $50,000, and rental costs for the shop are $30,000 a year. Depreciation on the repair tools will be $10,000. (LO9-2) a. Prepare an income statement for the shop based on these estimates. The tax rate is 20%. b. Now calculate the operating cash flow for the repair shop using all three methods suggested in the chapter. All three approaches should result in the same value for cash flow. i. Dollars in minus dollars out. ii. Adjusted accounting profits. iii. Add back depreciation tax shield.
Answer:
A. $66,000
B. $66,000
C. $66,000
Explanation:
Dollars in dollars out can be easily understood by just deducting cash expenses from the revenue received from cash sales. we can not deduct depreciation expense as it is a non-cash item.
DATA
Revenue = 160,000
Variable cost = 50,000
Rental cost = 30,000
Depreciation = 10,000
Profit before tax = 70,000
Tax (70,000 x 20%) = 14,000
Net Income = 56,000
a) Dollars in minus dollars out
Dollars in minus dollars out = Revenue - rental costs - variable costs - taxes Dollars in minus dollars out = $160,000 - $30,000 - $50,000 - $14,000
Dollars in minus dollars out = $66,000
b) Adjusted accounting profits
Operating cash flow = Net income + depreciation
Operating cash flow = $56,000 + $10,000
Operating cash flow = $66,000
c) Add back depreciation tax shield
Operating cash flow = [(Revenue - rental costs - variable costs) × (1 - 0.2)] + (depreciation × 0.2)]
Operating cash flow = ($160,000 - $30000 - $50,000)*0.8 + $10,000*0.2 Operating cash flow = $66,000
Broadbill Corporation, a calendar year C corporation, has two unrelated cash method shareholders: Marcia owns 51% of the stock, and Zack owns the remaining 49%. Each shareholder is employed by the corporation at an annual salary of $240,000. During 2020, Broadbill paid each shareholder-employee $220,000 of his or her annual salary, with the remaining $20,000 paid in January 2021. Determine how much of the 2020 salaries for Marcia and Zack is deductible by Broadbill in 2020 if the corporation is (a) a cash method taxpayer and (b) an accrual method taxpayer.
Answer:
A. $440,000
B. $460,000
Explanation:
a. Calculation for the amount deductible under the cash method taxpayer
Using this formula
Amount Deductible =Actual payments *Number of Shareholders
Let plug in the formula
Amount Deductible = ($220,000 × 2)
Amount Deductible =$440,000
Therefore the amount deductible under the cash method taxpayer will be $440,000
b. Calculation for the amount deductible under the accrual method taxpayer
Using this formula
Amount Deductible = Amount paid to each shareholder-employee +Each shareholder annual salary
Let plug in the formula
Amount Deductible = $220,000+$240,000
Amount Deductible = $460,000
Therefore the amount deductible under the accrual method taxpayer will be $460,000
Question 11
conster the resources that you have that are nited and those that are plentiful. How do you decide to use your resources to get the things
you want and new
Answer:
Explanation:
Know the difference between a want and a need. You do have resources, but it makes sense not to use everything that you have. Savings can make a big difference in times of need.
So, how to budget? It is a learned behavior. Be tight when you start budgeting and understand your needs. They have to be met first.
Jan Holliday Dance Studios is a chain of 45 wholly owned dance studios that offer private lessons in ballroom dancing. The studios are located in various cities throughout the southern and southeastern states. Holliday offers a set of 12 private lessons; students may pay for the lessons one at a time, but each student is required to enroll for at least a 12-lesson plan. The 20-, 40-, and 100-lesson plans offer savings. Each dance instructor is paid a small salary plus a commission based on the number of dance lessons provided. Required:2. Indicate whether the cost should be classified as (a) direct, (b) indirect, (c) variable, and (d) fixed with respect to the following list for the cost objects.
Answer:
If the Studio is the cost object, then all the costs that can be attributed to the studio itself will be direct and that includes all the costs except the Planning and development materials sent from the home office, because that comes from the home office not the studio in question.
As per the question, all the costs are also variable because there are different payment plans and the offers by the studio as well as materials needed are dependent on the number of students they have. Advertisements are a set price however and do not depend on the number of students and so are fixed .
If the Lessons were the cost objects, everything that cannot be linked directly to the lessons is an indirect cost. This includes all the costs excerpt the dancing instructors' salary as this is linked directly to the number of lessons they offer.
All costs will also be fixed because they are independent of the lessons offered and so are set amounts. The dancing instructors' salary is also fixed as the rates do not change in relation to lesson prices.
Which of the following is NOT an example of a business risk?
Multiple Choice
O
Products harming customers.
ces
A website malfunctioning.
O
A customer value proposition.
An employee accessing unauthorized information.
Answer:
a customer value proposition is not a business risk
Business has several risks, but the customer value proposition is not an example of a business risk.
What is a customer value proposition?A customer value proposition, or CVP, is a marketing term for a statement of the total value that a company provides a customer in exchange for payment. It's used to convince customers that this company's product provides more value than competitors' products.
A powerful value proposition helps your customers truly understand the value of your company's products and services. It also helps your ideal customers to see how your services benefit them and are their best available option.
Thus, option C is true, as the customer value proposition is not an example of a business risk.
Learn more about customer value proposition here,
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Par On, a firm that creates games for mobile devices and PCs, has an unusual training program for all its new employees. The program lasts for five days and does not involve doing any work. During this period the trainees, in teams of three, visit different departments, gathering information about the company and various department functions. Additionally, they are paired with more experienced employees to discuss their goals at the company and to learn more about the organization's culture and policies. The form of training used for new employees at Par On is known as
Answer:
On boarding
Explanation:
The process of creating a new employee on boarding has been going on since the employee in the company was established. Orientation is the onboarding process in which new employees learn about the company's culture, organization structure and their job roles and duties.What the company is trying to do in those five days is to introduce new company employees to its company culture and structure, as well as tell them what to expect.Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 30 billion bottles of wine were sold every year at a price of $6 per bottle. After the tax, 23 billion bottles of wine are sold every year; consumers pay $9 per bottle (including the tax), and producers receive $4 per bottle. The amount of the tax on a bottle of wine is $ per bottle. Of this amount, the burden that falls on consumers is $ per bottle, and the burden that falls on producers is $ per bottle. True or False: The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers.
Answer:
The amount of the tax on a bottle of wine is $5 per bottle. Of this amount, the burden that falls on consumers is $3 per bottle, and the burden that falls on producers is $2 per bottle. True or False: The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers.
Explanation:
The amount of the tax on a bottle of wine is $5 ($3 + $2).
The burden on consumers is $3 ($9 - $6), which is the difference between the after-tax purchase price and the before-tax purchase price for consumers. This implies that the burden passed to consumers is $3 out of the total tax burden of $5.
The burden on producers is $2 ($6 - $4) which represents the difference between before-tax selling price and the after-tax selling price for the producers. This means that the burden passed to producers is $2 out of the total tax burden of $5.
If the tax burden were passed to the producers alone, the selling price would have been more than $11 ($6 + 5). This would have reduced demand for wine as consumers would have been forced to bear the total burden. This would have made the tax unequitable. This would have been the case unless demand is inelastic. That means that the total demanded is not sensitive to price increases.
Ashton Woods has begun building new townhome communities in order to appeal to smaller families who would like a beautiful upscale home, without the cost of maintaining a large yard. These households typically earn over $80,000 annually through professional employment, live in suburban areas, and have little extra time due to the demands of their careers. Whether single or married adults occupy the home, there is usually a presence of children in the home, so homeowners are seeking locations convenient to good, local schools. What type of segmentation does Ashton Woods practice
Answer:
d) All of the above
Explanation:
Here are the options to this question :
a) Geographic
b) Demographic
c) Psychographic
d) All of the above
e) None of the above
Geographic segmentation is the segmentation of people based on their locations
When Ashton Woods determines that homeowners are seeking locations convenient to good, local schools, he is segmenting by geography.
Demographic segmentation is the segmentation of people based on demographics such as age, income, gender, ethnicity.
When Ashton Woods profiles households based on the income they earn, he is doing demographic segmentation
Psychographic segmentation is the segmentation of a group of people into groups based on certain psychological characteristics
When Ashton Woods determines that homeowners would want like a beautiful upscale home, without the cost of maintaining a large yard. He is segmenting based on Psychography
When an accelerated depreciation method is used to calculate depreciation expense: Multiple Choice the net book value of the asset halfway through its useful life will be less than if straight-line depreciation is used. the net book value of the asset at the end of its useful life will be less than if straight-line depreciation is used. depreciation expense will be less in the early years of the asset's life than if straight-line depreciation is used. the accumulated depreciation account balance will increase by a larger amount in the last half of an asset's life than if straight-line depreciation is used.
Answer:
the net book value of the asset halfway through its useful life will be less than if straight-line depreciation is used.
Explanation:
The accelerated depreciation is a depreciation method in which the asset lossed the book value at instant rate as compared with the traditional method also it permits the higher deduction in the starting years so that to minimize the taxable income
Therefore in the given case, the net book value of the asset would be halfway associated with the useful life also it would be lower as compared with the straight line method
Therefore the option A is correct
Suppose there are two goods, food and clothing. My preference has the following properties:
1. I am rational.
2. I need at least one unit of food and one unit of clothing in order to survive.
3. I strictly prefer surviving over not surviving.
4. I am indifferent over all situations in which I do not survive.
5. When I have strictly more than one unit of each good, I satisfy monotonicity and strict convexity.
6. When I have strictly more than one unit of each good, I have a positive marginal rate
Answer:
The preference for the two goods, food and clothing include:
2. I need at least one unit of food and one unit of clothing in order to survive.
1. I am rational.
3. I strictly prefer surviving over not surviving.
5. When I have strictly more than one unit of each good, I satisfy monotonicity and strict convexity.
6. When I have strictly more than one unit of each good, I have a positive marginal rate
Explanation:
Which is an effect of stagflation?
a. Trade with other economies increases.
b. The value of a country’s currency drops.
c. Prices for goods fall sharply and suddenly.
d. The GDP rises along with production levels.
Answer: Its b. The value of a country’s currency drops.
Explanation: I did the test and got 100%
Selected transactions for Cheyenne’s Dog Care are as follows during the month of March.
March 1 Paid monthly rent of $980.
3 Performed services for $110 on account.
5 Performed services for cash of $60.
8 Purchased equipment for $490. The company paid cash of $65 and the
balance was on account.
12 Received cash from customers billed on March 3.
14 Paid wages to employees of $430.
22 Paid utilities of $60.
24 Borrowed $1,230 from Grafton State Bank by signing a note.
27 Paid $180 to repair service for plumbing repairs.
28 Paid balance amount owed from equipment purchase on March 8.
30 Paid $1,480 for six months of insurance.
Journalize the transactions.
Answer:
Cheyenne’s Dog Care
Journal Entries:
March 1:
Debit Rent Expense $980
Credit Cash Account $980
To record the payment of monthly rent.
March 3:
Debit Accounts Receivable $110
Credit Service Revenue $110
To record the performance of services on account.
March 5:
Debit Cash Account $60
Credit Service Revenue $60
To record the performance of services for cash.
March 8:
Debit Equipment $490
Credit Cash Account $65
Credit Accounts Payable $425
March 12:
Debit Cash Account $110
Credit Accounts Receivable $110
To record the receipt of cash from customers.
March 14:
Debit Wages Expense $430
Credit Cash Account $430
To record the payment of wages.
March 22:
Debit Utilities Expense $60
Credit Cash Account $60
To record the payment of utilities.
March 24:
Debit Cash Account $1,230
Credit Notes Payable (Grafton State Bank) $1,230
To record the signing of a note payable.
March 27:
Debit Plumbing Repairs $180
Credit Cash Account $180
To record the payment for plumbing repairs.
March 28:
Debit Accounts Payable $425
Credit Cash Account $425
To record the payment for equipment purchase.
March 30:
Debit Prepaid Insurance $1,480
Credit Cash Account $1,480
To record the payment for six months insurance.
Explanation:
Cheyenne's Dog Care can use the general journal to record its daily business transactions as they occur. The journal identifies the accounts involved in each transaction and shows the accounts to be debited or credited as the case may be.
