Answer:
Explanation:
A debit entry represent an increase while a credit entry represents a decrease in an expense and asset account . but in a liability and capital account , a credit entry increases and a debit entry decreases the balance
1) Owner put cash into business
Account to be credited Account to be debited
Capital (increases ) Cash (increases)
2)Bought good for cash
Cash (decreases) Merchandise Inventory (increases)
3) Sold goods for cash
Merchandise inventory(decreases ) Cash (increases)
4)Received cash for rent
Rental income(increases) Cash ( increases)
5)Owners withdraw cash
Cash (reduces) Drawing (increases)
describe the similarities and differences between partnerships and sole proprietorships
Answer and Explanation:
In the case of a small business, a sole proprietorship or the partnership model is usually the most suitable. A sole proprietorship is a business owned and controlled by one individual, while a partnership is a business owned and managed by more than one person but less than twenty people.
Norm and his creative team need to present an idea for marketing a new detergent to the head of their advertising agency. Diane, a member of the team, always resented Norm’s promotion to team leader. She objects to every idea Norm suggests and spends the entire meeting selling her approach. Diane hopes that this will be a chance to show her skills to the head of the agency. This is known as
Answer: goal displacement
Explanation:
Goal displacement is when individuals or organizations substitute alternate goals for the original goals that they were meant to accomplish.
In this case, we are told that Norm and his creative team need to present an idea for marketing a new detergent to the head of their advertising agency but that Diane, a member of the team, always resented Norm’s promotion to team leader and always objects to every idea Norm suggests and spends the entire meeting selling her approach. Diane is using goal displacement here as she has another goal rather than the goal of the team which they've agreed on.
or placing trade restrictions on other countries to shield domestic industries from
competition, takes many forms.
are taxes imposed on imported goods and services.
place limits on the amount of a good that can be imported from a particular country.
Early in the twentieth century, the United States imposed
Y agricultural
goods. While this measure protected US farmers, it caused European governments to impose
tariffs
on US products. Heavy tariffs on imports led to a drastic decline in international trade, which further weakened the
global economy and aggravated the Depression.
Today, some US workers believe the government should
protectionism to protect their industries from
foreign competition and prevent job
in the United States. This thought is shared by
some business owners as well.
Answer: protectionism, tariffs, quotas, tariffs, European,
retaliatory, increase, cheaper, losses
Explanation: Plato / Edmentum
How do companies research potential new markets? Choose a global company who has a record of successful new market entry and explain why it has had this success, and consider also the reasons for any failures.
Explanation:
Companies search for potential new markets by collecting consumer data to understand their opinions, wants and needs, and then being able to enter a new market with a safe and effective strategy to generate profits and successes. Data collection occurs in the form of primary and secondary research. The primary research takes place directly with the consumer, it can be carried out in the form of focus groups, which is a direct analysis of the market demand researched by the consumer.
As for secondary research, information is received through third parties, such as online sites, trade associations, etc., which give an idea of market behavior.
IKEA in China is an example of a global company that entered a different market in the form of strategic adaptation to meet the needs of the Chinese, through ideas and concepts aimed at this public.
Who reports to the board of directors
Answer:
brainly users report the questions and the brainly monitor selects the report questions and delete ones that they do not like
Explanation:
hope this helps you :)
A newly issued 20-year maturity, zero-coupon bond is issued with a yield to maturity of 8% and face value $1,000. Find the imputed interest income in the first, second, and last year of the bond’s life. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Answer:
Explanation:
Answer has been provided in the attachment
Suppose Baa-rated bonds currently yield 6%, while Aa-rated bonds yield 4%. Now suppose that due to an increase in the expected inflation rate, the yields on both bonds increase by 1%. What would happen to the confidence index? (Round your answers to 4 decimal places.)
Answer:
Initial confidence index 66.67%
New confidence index 71.4%
Explanation:
Calculation of what would happen to the
confidence index
Using this formula
Confidence index=(Average yield for high grate bonds)/(Average yield for intermediate graded bonds)
Let plug in the formula
Initial confidence index=4%/6%
=0.6667 ×100
=66.67%
Due to increase in the yields the New Confidence Index will be;
New confidence index
=(4%+1%)/(6%+1%)
=5%/7%=0.7142857 or 0.714
0.714×100=71.4%
Hence, the New Confidence index tend to indicates slightly higher confidence and the reason for the increase in the index is the expectation of higher inflation.
In 18th century, what was the main reason of slow down of Indian Foreign Trade
Answer:
Introduction to India’s Foreign Trade:
Even being a typical poor underdeveloped country, India’s foreign trade was in a prosperous state during the period under review. In terms of volume of trade and the range of commodities entering into trading list, India was better placed compared to other contemporary underdeveloped countries. But that must not be viewed as an indicator of prosperity. Above all, her pattern of trade was definitely different from those of other underdeveloped countries.
India’s composition of trade (i.e., pattern of imports and exports) before 1813 included manufactured goods as well as primary articles in export list and metals and luxury products in the import list. But such pattern of trade was supplanted by the import of manufactured goods and exports of agricultural raw materials and food grains during much of the nineteenth and twentieth century. This must not be the sign of prosperity or cause for jubilation.
Explanation:
Rather, this situation generated much heat and controversy because, instead of being an engine of growth, foreign trade, as engineered by the British Government, exacerbated economic exploitation. It hampered the process of industrialization. It brought untold misery to the masses. Most importantly, of course partly the backwardness of Indian industry and agriculture is ‘the effect of its external trade which moulded into shape the productive mechanism of the country.’
To understand the nature of the controversy it will be fruitful to tell something about the history of India’s foreign trade during 1757 and 1947. The growth of foreign trade during the two centuries can be divided into following unequal periods: 1757 to 1813, 1814 to 1857, 1858 to 1914, and from 1915 to 1947.
The first period—the early years of the British East India Company (EIC)—is known as the ‘age of mercantilism’. During the period under consideration trade statistics is not available. However, some sort of institutional changes in trade took place during this period.
In the mid-18th century, Indian foreign trade was mainly conducted by the English, Dutch, French, and Portuguese traders and merchants. But the revolution of 1757 strengthened the supremacy of the British EIC. In the process, the EIC monopolized trade and ousted the other merchants and traders.
If a firm's business activities do not result in profit maximization, whilst alternatives exist, then such activities amount to irresponsible actions. Discuss any five sets of economic responsibilities firms must embrace to ensure the protection and enhancement of the business
Answer:
For companies progress the employer should go for long process in which they can embrace the customer with attractive and responsive policies.
Explanation:
Now, these days companies are coming in front with the issues and responsibilities focus on the rights of women, to protect the environment, to attempt the action to literate the poor people at the level of national, international, and global levels. The companies that want to attract people at a global level they share an attractive hoarding for a customer as well as the shareholders.
To become responsible the company can use the image and be built the brand of the company.Social responsibility makes the employee responsible and encourages them to do something worthwhile for society.Social responsibility can empower the employee.To promote the social responsibilities that can boost the morale of employees.
If some activity creates external benefits as well as private benefits, then economic theory suggests that the activity ought to be: A. Taxed B. Prohibited C.Subsidized D. Left alone
Answer:
C. Subsidized
Explanation:
According to the economic theory, subsidies could be used to counter market weaknesses and externalities so that greater economic performance is achieved. Subsidy refers to the release of funds from the government to an individual, business, or entity. This results in a decrease in the value of the subsidized product. This support could be either in the form of cash or kind and is usually given to support a social or economic policy. The purpose of the subsidy is to promote the interests of society. It is part of the government 's non-planned expenditure.
A firm issued $15 million in preferred stock at a price of $3.25 per share. The preferred shares carry a 13% dividend, or $0.43 annually. After paying fees and costs, the firm realizes $2.89 per share issued. What is the cost of capital for this issuance of preferred stock?
Answer:
14.8%
Explanation:
Cost of capital for preferred stock can be calculated by a simple formula
Formula: Cost of preferred capital = dividend/(Current price - floatation cost)
As you can see in the question data current price - floatation cost and dividend is already given as $2.89 and $0.43 respectively. We just need to put values in formula.
Cost of preferred capital = $0.43/$2.89 x 100
Cost of preferred capital = 14.8%
Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 180,000 $ 140,000 $ 120,000 $ 60,000 Cost 128,000 133,000 90,000 45,000 Replacement cost 120,000 130,000 110,000 41,000 Sales commission 10 % 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at:
Answer:
inventory value=$ 377,000.00
Explanation:
In applying the rule of the lower cost of cost or net realizable value,we compare NRV(selling price minus cost to sell) with the replacement cost(current price), where the lower of the two is then compared against the original cost of the inventory item as done in the attached.
Value of inventory=$120,000+$126,000+$90,000+$41,000=$377,000.00
Piedmont Company segments its business into two regions—North and South. The company prepared the contribution format segmented income statement shown below:TotalCompany North South Sales $ 600,000 $ 400,000 $ 200,000 Variable expenses 360,000 280,000 80,000 Contribution margin 240,000 120,000 120,000 Traceable fixed expenses 132,000 66,000 66,000 Segment margin 108,000 $ 54,000 $ 54,000 Common fixed expenses 56,000 Net operating income $ 52,000 Required:1. Compute the companywide break-even point in dollar sales . 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. (Round your break-even dollar sales to the nearest whole number.)
Answer:
1. BEP Company 470,000
2. BEP North 220,000
3. BEP South 110,000
Explanation:
The formula for BEP( Break even point)
Break even point in dollars = Fixed cost / Contribution margin ratio , where
Contribution margin ratio = Contribution margin / Sales revenue
To get started, Contribution margin ratio needed to be calculated.
North CMR = 120,000/400,000
= 0.3
South CMR = 120,000/ 200,000
= 0.6
Company = 240,000/600,000
= 0.4
Therefore, BEP(Dollars)
BEP(Dollars) = Fixed cost/ Contribution margin ratio
North = 66,000 / 0.3
= 220,000
South = 66,000 / 0.6
= 110,000
For the company, we will need to add common and segmented fixed cost;
Common fixed cost. 56,000
Segmented fixed cost 132,000
Total fixed cost 188,000
= 188,000 / 0.4
= 470,000
Which option completes the explanation for conflict of interest in an organization?
Answer:
Explanation:
conflict of interest is defined as a condition where an individual or organization is in a conflicting situation where the fulfillment of one’s interest could mean the detriment to the others. organizations tend to avoid these kinds of situations to occur, especially between the employee and the organization.
The demand for tickets to the Katy Perry concert (Q) is given as follows: Q = 120,000minus−2,000P The marginal revenue is given as: MR = 60minus−.001Q The stadium at which the concert is planned holds 60,000 people. The marginal cost of each additional concert goer is essentially zero up to 60,000 fans, but becomes infinite beyond that point. Refer to Scenario 4. Given the information above, what are the profit-maximizing number of tickets sold and the price of tickets?
Answer:
Q = 60,000
P = 30
Explanation:
Given:
Q = 120,000 - 2,000P
MR = 60 - 0.001Q
Number of people can hold = 60,000
Computation:
Q = 120,000 - 2,000P
2,000P = 120,000 - Q
P = [120,000 - Q]2,000
P = 60 - 0.0005Q
Total revenue(TR) = PQ
Total revenue(TR) = [60 - 0.0005Q]Q
So,
Profit-maximizing number
MR = MC , MC = 0
60 - 0.001Q = 0
Q = 60,000
P = 60 - 0.0005Q
P = 60 - 0.0005(60,000)
P = 60 - 30
P = 30
There are several steps you can take to reduce the potential of being a victim
of consumer fraud, including.
Answer:
Here are some steps to be taken to avoid being a victim of consumer fraud:
Spot Imposters: Scammers often pretend to be someone else, especially one you can trust, like a government official.Online searching: Search about the company of product online to see if it is legit or not.Don't pay in advance: Scammers always try to get money in advance, in terms of taxes or fees.Discuss with someone: Before giving someone your money, talk to someone you trust or preferably to an expert.Personal information: Don't given any unknown person your personal information, money, or any kind of financial detailsThere are now twice as many people in the household, but your income has also doubled. Is your new tax liability about twice as much as when you were single, more than twice as much, or less than twice as much? Tell whether you think this difference- or the lack of one- seems fair
Answer:
It is fair because due to marriage the resources tends to accumulate and thus the common expenses like living housing eating costs goes down than they were sustaining when they were not married.
Explanation:
Solution
It will result in higher tax due to the marginal rate rising due to increase in income plus due to joint filing after marriage.
The difference seems to be fair from the point of view that due to marriage the resources become pooled and thus the common expenses like living housing eating costs come down than they were incurring when they were single. Hence, they can now afford to pay higher taxes and it kind of does seem fair.
Mcdale Inc. produces and sells two products. Data concerning those products for the most recent month appear below: Product I49V Product Z50U Sales $ 49,000 $ 54,000 Variable expenses $ 13,700 $ 27,500 The fixed expenses of the entire company were $39,030. The break-even point for the entire company is closest to:
Answer: $27,917.30
Explanation:
Given the following :
Products - - - - - 149V - - - - - - - Z50U
Sales - - - - - - - 49,000 - - - - - 54,000
Variable exp. - -13700 - - - - - - 27500
Company's overall fixed expense = $39,030
Break-even point for entire company ;
(Fixed expense / overall company's contribution margin ratio)
overall company's contribution margin ratio;
Total contribution margin / total sales
Contribution margin of product 149V:
(49,000 + 13700) = 62700
Contribution margin of product Z50U:
(54000 + 27500) = 81500
TOTAL CONTRIBUTION MARGIN :
(62700 + 81500) = $144,200
Total sales = (49000 + 54000) = $103,000
Contribution margin ratio:
Total contribution margin / total sales
144,000 / 103000 = 1.3980582
break even point in dollars :
(Fixed expense / overall company's contribution margin ratio)
$39,030 / 1.3980582
= $27917.291
= $27,917.30
Skippy loves peanut butter. Skippy reads on the internet that 75 percent of the peanut crop in the South has been wiped out by drought, and that this will cause the price of peanuts to more than double by the end of the year. As a result,
a. Skippy’s demand for peanut butter decreases as he considers buying almond butter.
b. Skippy’s demand for peanut butter will increase, but not until the end of the year.
c. Skippy’s demand for peanut butter shifts left today.
d. Skippy’s demand for peanut butter increases today.
Answer:
d. Skippy’s demand for peanut butter increases today.
Explanation:
The taste and preferences of the consumers are one of the factors affecting the demand for the goods. The demand for goods increases according to tastes and preferences. Another factor of an increase in demand is the expectation of a consumer regarding the future prices of the goods.
In the given scenario, Skippy's demand for the peanut butter will increase because of the above mentioned two reasons. Since he is very much fond of the peanut butter, the demand will remain constant. At the same time, after reading about the future unavailability of the peanut butter and the increase in the price of it, the demand for the peanut butter will rise the present day.
An investment offers to double your money in 30 months (don’t believe it). What rate per six months are you being offered? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Rate %
Answer:
9.05%
Explanation:
The formula that would be used to fund the interest rate =
[(FV / PV)^1/N ] - 1
FV / PV = Future value/ present value = 2 (The investment offers to double the investment)
M = 5 (30 months / 6 months )
(2 ^1/8) - 1 = 0.090508 = 9.05%
I hope my answer helps you
if the government determines whether you get an apartment, you are most likely living in a [1] economy. In a [2] society, the government controls the resources. In a [3] society, the community in theory is supposed to control the resources, but in reality, the [4] does.
[1]- a. command
b. market
c. traditional
[2]- a. capitalist
b. communist
c. socialist
[3]- a. capitalist
b. communist
c. socialist
[4]- a. government
b. individual
c. market
Answer:
1. a. Command
2. c. Socialist
3. b. Communist
4. a. Government
Explanation:
"If the government determines whether you get an apartment, you are most likely living in a Command economy. In a Socialist economy, the government controls the resources. In a Communist society, the community, in theory, is supposed to control the resources, but in reality, the Government does."
1. A command economy is a type of economy where the government determines what is produced when it is produced, the quantity, as well as the price at which commodities are produced. The government also determines other activities in the economy such as the assignment of living spaces as well as the investments in the economy.
2. A socialist economy is an economy where goods are produced for consumption and are distributed to ensure equity by a centrally placed authority, which is the government.
3. A communist society according to Karl Marx is a classless society where all the resources belong to the entire community and properties are not owned by private individuals. In reality, though, the government actually controls the resources in this type of society. China is a country that practices communism.
1. If the risk-free return were 4.0% and a security's beta coefficient were 2.0, what would be the required rate of return for the security? 4% 5% 10% 14% 2. If the risk-free return (inflation) increases by 2 percentage points, the required rate of return stays the same for all securities increases the same 2 percentage points for all securities increases for some securities and decreases for others depending on the beta coefficient cannot be determined without more information 3. If the risk-free return (inflation) increases by 2 percentage points, then for the security market line both the y-intercept and the slope remain the same the y-intercept changes and the slope remains the same the y-intercept remains the same and the slope changes both the y-intercept and the slope change
Answer:
1. Use CAPM to solve
Required Return = Risk Free Rate + beta(market premium)
= 4% + 2(5%)
= 14%
2. Increases the same 2 percentage points for all securities
If the risk-free return increases by 2%, then it would become 6%.
The required return becomes;
= 6% + 2(5%)
= 16%
Required return increases by 2% to 16%.
3. The y-intercept changes and the slope remains the same.
The formula for the Security Market Line is the CAPM formula.
The normal formula for a line takes the form;
y = mx + c
Where c is the y intercept and m is the slope.
The CAPM formula is the same at;
R = rF + brM
The beta is the slope and the risk free rate is the y intercept. If the risk-free rate increases by 2% then the y-intercept will change by those 2 percentage points but the beta will remain the same.
1) These two fibres can withstand high temperature from iron, high heat of boiling water and can also be dyed.
A. Wool and Linen.
B. Cotton and Silk.
C. Cotton and Linen.
D. Silk and Wool.
2) Cotton plants grow in what part of Nigeria?
A. Eastern Nigeria
B. Southern Nigeria.
C Northern Nigeria.
D. Western Nigeria.
No guess work PLEASE!!!. Love you all.
Be the best of who you are!!
THANKS.
Answer:
This took me a long time to figure out , but I'm pretty sure number 1 is
D) Silk and Wool.
And number 2 is C) Northern Nigeria
Explanation: Hope that's right, sorry if not because for number 1 most of them could be the answer, and for number 2, three of them could be the answer.
Unlimited wants + limited resources = what is the answer?
Answer:
People never get enough of what they want or need
Explanation:
Unlimited wants and needs are one half of the basic troubles of scarcity that has troubled humanity since the beginning of time. The other half of the scarcity problem is limited resources. The reason why we always want something is because our brains are actually made to be attracted to novelty. So, we always seek ti learn new things and experiences.
(I hope this was accurate and helpful)
Tony, Juan, and Isabel live in a city where the combined state and local sales tax rate is 8%. They each purchased the same computer and paid $160 in sales tax. A 5-column table has 3 rows. The first column has entries Tony, Juan, Isabel. The second column is labeled Income with entries 10,000, 50,000, 75,000. The third column is labeled Cost of computer with entries 2,000, 2,000, 2,000. The fourth column is labeled Sales tax paid with entries 160, 160, 160. The fifth column is labeled tax rate with entries 1.6 percent, 0.32 percent, and 0.21 percent. This scenario describes a tax system. Isabel pays Tony and Juan on the computer. pays the highest tax rate on the computer. would be the most affected by an increase in the sales tax rate.
Answer:
Tony pays the highest tax rate on the computer, not based on the nominal sales tax rate, but on the percentage that the tax represents of his total income.
His income is $10,000, and he pays $160 in sales tax, for an effective rate of 1.6%.
The person who would be the most affected by an increase in the sales tax rate is again, Tony, simply because he has the lowest income. Juan and Isabel would also be affected by a sales tax increase, but on a much lower scale (because their incomes are also a lot larger).
a) The scenario described by the 5-column table with 3 rows showed that Tony paid the highest tax rate (effective) on the computer, based on his income level.
b) Tony would be the most affected by an increase in the sales tax rate because his effective tax rate would increase, causing him to suffer the most.
What is a sales tax?A sales tax is a proportional tax that charges the same percentage on the consumption of goods and services without considering a person's income level.
Data and Calculations:Tax Payer Income Cost of Computer Sales Tax Paid Tax Rate
Tony $10,000 $2,000 $160 1.6%
Juan 50,000 2,000 160 0.32%
Isabel 75,000 2,000 160 0.21% ($160/$75,000 x 100)
Thus, this scenario of a tax system illustrates that sales tax is not progressive, but it is proportional since it is based on consumption and not income level.
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Bade Midwifery's cost formula for its wages and salaries is $1,230 per month plus $240 per birth. For the month of October, the company planned for activity of 105 births, but the actual level of activity was 101 births. The actual wages and salaries for the month was $26,470. The activity variance for wages and salaries in October would be closest to:
Answer:
wages and salaries activity variance= $1,000 unfavorable
Explanation:
Giving the following information:
Standard:
Fixed= $1,230
Variable= $240 er birth
Actual:
101 births.
The actual wages and salaries for the month was $26,470.
To calculate the activity variance for wages, we need to use the following formula:
wages and salaries activity variance= (actual costs - standards costs)
standards= 1,230 + 240*101= $25,470
wages and salaries activity variance= (26,470 - 25,470)
wages and salaries activity variance= $1,000 unfavorable
Lindor inc.'s $100 par value preferred stock pays a dividend fixed at 8% of par. to earn 12% on an investment in this stock, you need to purchase the shares at a per share price of
Answer: $66.67
Explanation:
Lindor inc.'s $100 par value preferred stock pays a dividend fixed at 8% of par. to earn 12% on an investment in this stock, you need to purchase the shares at a per share price of ;
Given the following :
Par value of preferred stock = $100
Fixed Dividend rate = 8% of par
Expected return on investment (r) = 12%
Purchase price of this stock in other to earn 12% :
Per share price is given by:
(par value × Dividend rate) / expected return
($100 * 0.08) / 0.12
$8 / 0.12 = $66.6666
= $66.67
Matt is planning to buy a house. Before seeking a mortgage loan, he orders a copy of his credit report. Matt can get: a) one copy a year for about $30 b) one free copy a year c) free copies whenever he likes
Answer:
b. One free copy a year.
Explanation:
Before seeking mortgage loan to buy a house, it is important to request for a copy of credit report, which shows status about repayment history and credit accounts. This report is usually free and an intending borrower could request for one free copy a year.
The report shows history of loans obtained elsewhere and how often repayment is made, which comes at no cost to the requester.
Lending institutions always decide whether or not to grant mortgage loan to an intending borrower base on the information(credit history) as contained in the credit report, hence the better the credit history, the higher the chances of getting a good interest rate on the mortgage loan.
Emery Mining Inc. recently reported $147,500 of sales, $75,500 of operating costs other than depreciation, and $10,200 of depreciation. The company had $16,500 of outstanding bonds that carry a 7.25% interest rate, and its federal-+-state income tax rate was 25%. How much was the firm's net income? The firm uses the same depreciation expense for tax and stockholder reporting purposes. (Round your intermediate and final answers to two decimal places.) a. $35,847.12 b. $38,604.59 c. $36,634.97 d. $45,452.81 e. $47,664.85
Answer: D.) $45,452.81
Explanation:
Given the following :
Sales = $147,500
Operating expenses = $75,500
Depreciation = $10,200
Outstanding bonds = $16,500
Interest rate on bonds = 7.25% = 0.0725
federal-+-state income tax rate = 25% = 0.25
Net income =?
Net income can be calculated as follows:
Net income = (Sales - Operating Expenses - Depreciation - (Outstanding bond value × Interest rate)) × (1 - Tax rate)
Net income = ($147,500 - $75,500 - $10,200 - ($16,500 × 0.0725)) × (1 - 0.25)
Net income = ($147,500 - $75,500 - $10,200 - $1,196.25) × 0.75
Net income = $60,603.75 × 0.75
Net income = $45,452.81
The firm's net income is : $45,452.81
What is Net income?Net income represents the difference between revenues and expenses. The expenses include both operating and non-operating expenses. An income statement is prepared to determine the net income.
Net income
= (Sales revenue - Operating costs - Depreciation - Interest expense) * (1 - Tax rate)
= $147,500 - $75,500 - $10,200 - ($16,500 * 7.25%) * (1 - 0.25)
= $147,500 - $75,500 - $10,200 - $1,196.25) × 0.75
= $60,603.75 × 0.75
= $45,452.81
Therefore, the firm's net income is $45,452.81
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Which of the following is a protected class?
A. Educational status
B. Marketers
C. Benefits
D. Age
Answer:
D. Age
Explanation:
Protected class refers to the class in which the employees protected from discrimination by law. It can be in terms of age, religion, race, color etc. The persons who have age of 40 years or above is covered under the Age Discrimination in Employment Act (ADEA).
Therefore according to the given situation the correct answer is D.