The state tax liability is $18,890
Explanation:
The computation of the state tax liability is shown below:
= [({State income tax base - non business income) × apportionment factor} + non business income] × corporate tax rate
= [({$531,000 - $59,000) × 43.85% } + $22,000] × 8.25%
= [$472,000 × 43.85% + $22,000] × 8.25%
= $228,972 × 8.25%
= $18,890
What is the tax calculation?Tax computation refers to the working documents, statements, schedules, computations, and other supporting materials that serve as the foundation for an income tax return and must be included with the return or kept on file by the individual filing it.
What are obligations for state income taxes mean?The sum of money you owe to taxing bodies, such as your local, state, and federal governments, is known as your tax liability (e.g., the IRS). You owe your creditor money when you have a tax liability because it is a contract. Tax liabilities can arise for both people and companies.
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jeremiah brown has been making contributions into an individual retirement account for his retirement. his contributions are not tax deductible but his earnings accumulate tax free. what type of individual retirement account does he have? multiple choice 401(k) traditional ira roth ira coverdell education savings account spousal ira
According to the Jeremiah brown, the type of individual retirement account does he have is Roth IRA. The correct option is (B).
What do you mean by the individual retirement account?The term "individual retirement account" (IRA) refers to a retirement savings account opened with a bank or brokerage firm that provides tax benefits to investors who contribute money for their retirement.
An individual, a self-employed person, or a small business owner can open an IRA.
You can save money for retirement tax-advantageously with an individual retirement account (IRA).
An Individual Retirement Account (IRA) that accepts after-tax contributions is known as a Roth IRA.
Therefore, according to the Jeremiah brown, the type of individual retirement account does he have is Roth IRA.
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The information provided by the customer who brings a product in for warranty work can be used for ________ control
A) feedforward
B) concurrent
C) preventive
D) feedback
When a client brings a product in for warranty service, the information they offer can be utilised for Feedback control.
The promise that a warranty firm, such as a manufacturer, merchant, or service provider, makes when selling a product with a warranty, an extended warranty, or a service contract is effectively fulfilled by warranty services. Maintenance, repair, or replacement of a warranted product are all included under warranty services.
Any contract or agreement that covers the cost of maintaining, repairing, or replacing tangible personal property, including automobiles, is referred to as a service warranty.
A producer or other such entity makes a commitment concerning the condition of their product when they issue a warranty.
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the best way for a company to profit from technological know-how that it wants to maintain control over when entering a foreign market, is to enter the market through a(n) blank .
the best way for a company to profit from technological know-how that it wants to maintain control over when entering a foreign market, is to enter the market through a wholly owned subsidiary
The term "wholly owned subsidiary" refers to a distinct, independent legal entity that is wholly owned and managed by a different firm (the "parent company") and directly operates under its direction and decision-making. Although it has senior management in charge of overseeing business operations, the parent firm alone has made all strategic choices at the group level.
Making a wholly owned subsidiary serves the dual purposes of diversifying the company's commercial operations and providing it with a different operating channel.
Since the parent business holds a 100% stake, it has complete control over all investments made in the subsidiary and is free to determine its future course.
In the parent company's annual report for the balance sheet date, the financial results of the wholly owned subsidiary firm would be integrated with the parent company.
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The best way for a company to profit from technological know-how that it wants to maintain control over when entering a foreign market, is to enter the market through a wholly owned subsidiary
The term "wholly owned subsidiary" refers to a distinct, independent legal entity that is wholly owned and managed by a different firm (the "parent company") and directly operates under its direction and decision-making. Although it has senior management in charge of overseeing business operations, the parent firm alone has made all strategic choices at the group level.
Making a wholly owned subsidiary serves the dual purposes of diversifying the company's commercial operations and providing it with a different operating channel.
Since the parent business holds a 100% stake, it has complete control over all investments made in the subsidiary and is free to determine its future course.
In the parent company's annual report for the balance sheet date, the financial results of the wholly owned subsidiary firm would be integrated with the parent company.
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Say you own 5,715 shares of sanden research labs, each of which pays a yearly dividend of $14.66. how much do you receive in dividends every year? a. $83,781.90 b. $81,729.50 c. $75,865.50 d. $93,954.60 please select the best answer from the choices provided a b c d
Take ownership of 5,715 shares in Sanden Research Laboratories, each of which is worth $14.66 per year in dividends. You receive $83,781.90 in dividend payments annually.
Which annual dividend is the best?An acceptable or at least above average dividend yield would be between 2% and 4%. And the highest-yielding perform better than that, typically between 4% and 5%.
How are yearly dividends calculated?If a corporation pays dividends on a monthly basis, the dividend per share can be calculated by multiplying the value of each payment by the number of payments made during the year (12 in this case).
Do dividends incur taxes?Ordinary and qualified dividends both fall under the same category. While qualified dividends that satisfy specific criteria are taxed at reduced capital gain rates, ordinary dividends are taxed as ordinary income.
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using a price skimming strategy, apple stakes out a price and then maintains and defends that price by significantly increasing the value of their products in future iterations. apple gives priority to profits over market share, making people starve for the new upgraded product. apple's price skimming strategy is most often used for a new product when
Apple's price skimming strategy is most often used for a new product when the product is perceived by the consumer as having unique advantages.
What is the price skimming strategy?It corresponds to a technique used by companies to raise the price of a new product on the market while it is still the only one available and, after the entry of new competing products, reduce the price, changing the consumer's perception.
Therefore, the price skimming strategy helps in the psychosocial perception of the target public of a company that chooses to consume a product of a brand in relation to its competitors because it is perceived as having greater value and having a competitive price.
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Which male character appears in the upper right box during the opening credits of the brady bunch?.
Mike Peter Roger Bobby can be seen in the right upper box during The Brady Bunch's opening credits.
Are all of the Brady Bunch characters still alive?In a very Brady reunion, "Brady Bunch" cast members pay tribute to Florence Henderson. Together with their two on-screen relatives, Maurice Mcdonald (Hefner) and Eve Plumb, they make up the only four surviving members of the Bbc family (Jan). Dad's character Robert Reed passed away in the early 1990s, while Alice's character Ann B. Davis passed away in 2014.
What sparked controversy over The Brady Bunch?In spite of the Bradys' humorous antics, there were off-screen drug issues, strong cast bonds, covert sexual orientation, and narrative conflicts. The Brady Bunch, an ABC television program that ran from September 1969 to March 1974, was created and produced by Sherwood Schwartz.
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Lily is planning to sell her home, which she bought seven years ago for a total of $168,000.the property value has increased by 2.5% each year for the past seven years. in the meantime, lily has made improvements and renovations to the home which increase its sale value by $52,000. how much will lily sell the home for, to the nearest hundred dollars? a. $261,500 b. $249,400 c. $267,000 d. $251,700 please select the best answer from the choices provided a b c d
Lily will sell the house for $251,700, which is the sum, to the nearest hundred dollars.
What exactly is amount?The amount of the initial loan, or principal, is multiplied by one to determine compound interest. The yearly interest rate is then increased to the number of compound periods minus one. The balance of the Loan, including with compound interest, shall thereafter become due and payable by you.
We employ a formula to answer the question,
A= P [tex](1+r)^{n}[/tex]
We apply numbers in the formula:
A= 168,000 [tex](1 + 0.025)^{7}[/tex]
A= 168,000 [tex](1.025)^{7}[/tex]
A= 168000 (1.18869)
A= 199,699
S. P.= $199,699 + $52,000
S. P. = $ 251,699
Selling Price= $251,700 (approx.)
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Which of the following product groups is a leading export of the United States? Multiple Choice a. home appliances b. toys c. airplanes d. metals
Metals are product group is a leading export of the United States.
Metals are materials that, when freshly worked, polished, or crushed, have a lustrous appearance and are relatively good conductors of electricity and heat. Metals are typically ductile and malleable. These properties are the result of metallic bonds between the atoms or molecules of the metal.
Metals are solid materials that conduct heat and electricity and are hard, lustrous, malleable, fusible, and ductile. Metals are substances that tend to donate electrons. They are positive in nature.
Metals are elements that are lustrous crystalline solids with high melting and boiling points. Metals are good conductors of heat and electricity. For example, iron, copper, nickel, silver, tin, etc. are metals used in our daily life.
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All of the following are operating budgets except the sales budget b. operating expenses budget e. budgeted income statement d. cash budget
All of the following are operating budgets except cash budget.
Capital costs are commonly excluded from an working budget. The time period working refers to a declaration of operations (profits declaration) which does now no longer encompass capital expenditures.The working budgets encompass the budgets for sales, production costs (materials, labor, and overhead) or products purchases, promoting charges, and standard and administrative charges.
Often abbreviated as OPEX, working charges encompass rent, equipment, stock costs, marketing, payroll, insurance, step costs, and price range allotted for studies and development. By contrast, a non-working cost is an cost incurred through a enterprise this is unrelated to the enterprise's middle operations.
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(Figure 67-5: Profit Maximization in Monopolistic Competition) In panel B, the profit-maximizing price is P, and the ATC curve is tangent to the new demand curve. The portion of the ATC that lies to the right of the tangency and continues down to the intersection of MC with ATC indicates: (Critical thinking) a. that the firm is experiencing an economic loss, b. that the firm is earning an economic profit. c. overutilization d. excess capacity. e deadweight loss
The correct option are option (d) excess capacity.
In panel B, the ATC curve is tangent to the new demand curve, and P2 is the price that maximizes profit. Because in the long run under perfect competition the price is equal to the marginal cost=minimum ATC, the portion of the ATC that lies to the right of the tangency and continues down to the intersection of MC with ATC indicates excess capacity. As a result, choice (D) is correct.
What is meant by excess capacity?
A firm producing at a lower scale of output than it was intended for is said to have excess capacity. It exists when marginal cost is lower than average cost and average (unit) cost can still be decreased by producing more goods and services.
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inventory is reported on the . later, when the inventory is sold, it becomes . multiple choice question. balance sheet as noncurrent asset; gross profit on the income statement income statement as gross profit; cost of goods sold on the income statement income statement as in transit inventory; cost of goods sold on the balance sheet balance sheet as a current asset; cost of goods sold on the income statement
inventory is reported on the balance sheet as a current asset. Later, when the inventory is sold, it becomes the cost of goods sold on the income statement.
Inventory is a vital current asset for retailers, wholesalers, and manufacturers. Inventory comprises of goods (items, merchandise) awaiting to be offered to clients as well as a manufacturers' raw materials and work-in-process that will become completed goods. Inventory is recorded and covered a company's balance sheet at its cost.
At the point when an inventory thing is sold, the thing's cost is eliminated from inventory and the cost is accounted for on the company's pay statement as the cost of goods sold. The cost of goods sold is logically the largest cost given an account of the pay statement. At the point when the cost of goods sold is subtracted from sales, the remainder is the company's net profit.
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lisa promised to pay david $1000 if he would paint her house on saturday, and he agreed. however, he didn't listen closely to her address, and on saturday, arrived at the neighbor's house and painted it. the neighbors were on vacation out of town and didn't learn of the painting until they arrived home. when david tried to collect payment, the neighbors refused to pay. can david recover?
No David cannot recover as he did not have a contract with the neighbors but with Lisa. He also did not fulfill his part of the contract with Lisa therefore, david is not entitled to any payment.
A contract is an agreement between parties that establishes legal duties for both parties. The fundamental components necessary for the agreement to be a valid offer and acceptance, adequate consideration, capacity, and legality are: mutual assent, expressed through a contract-compliant offer, In some states, a legitimate alternative can satisfy the requirements of consideration. General damages, consequential damages, reliance damages, and specific performance are all possible compensation for contract breaches. Contracts are legal obligations that contain promises.
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the buyer in misses' sportswear plans to purchase $4,200 (retail) worth of jackets. she has purchased 60 jackets costing $26 each which she plans to retail for $50 each. what markup percent must be obtained on the balance of jackets in order to average a 46.5% markup?
To average a 46.5% markup, the remaining markup on the jacket is $1953.
What is the Average Markup Price?There is no such thing as an average markup price because markup is indeed the difference between the selling price and the cost of the goods. Instead, there is an average markup rate, which is typically 50%. Markups differ from one contractor to the next and possibly from one project to the next. But as a general rule, the markup on materials will often range between 7.5 and 10%. According to the Corporate Finance Institute, some contractors would mark up materials by as much as 20%.
Can you negotiate markup?Feel free to haggle: If the vehicle you truly want has a market adjustment, consider offering half of its price. Dealers don't always expect buyers to pay the full markup. Dealership markup is what they include to raise the price of an automobile. It costs more than the MSRP from the factory. The difference between the price a dealership must pay the manufacturer for a car and the amount it receives from a customer at the moment of sale constitutes the dealership's gross profit on a given vehicle.
Briefing:Therefore:
Retail price of Jacket = $4200
Average Markup percent = 46.5%
Then the Markup balance = retail price × percent of average markup
=4200*46.5%
=$1953
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which of the following statements is true? suppliers can be reliable, but rarely provide innovation. innovation has nothing to do with suppliers one way or another. suppliers can be a crucial source of innovation. innovation from suppliers is always higher risk than innovation from within the company.
Suppliers have the potential to be a key source of innovation.
Why is innovation important?Market share, income, and customer satisfaction all increase when new ideas are added to existing product lines or business operations. Modernizing the operating systems of the company or introducing new automation technologies are both possible through innovation.
Something new is introduced when a novel idea, tactic, or tool is used.
What is a innovation strategy?An innovative strategy directs the use of resources to realize a company's objectives for innovation, value delivery, and competitive advantage. Every strategy should include an appraisal of a company's technological and competitive environment, as well as its external issues and opportunities.
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Nathan gauged the level of exposure to his marketing campaign using the percentage of the target population exposed at least once to his advertisement, representing its______
to reach
Nathan gauged the level of exposure to his marketing campaign using the percentage of the target population exposed at least once to his advertisement, representing its to reach.
Through various media, including print, radio, television, and online platforms, marketing efforts spread the word about items. Marketing Campaigns can also use interactive approaches like video conferencing, demonstrations, and other interactive media in addition to traditional advertising.
Businesses that operate in very competitive markets and franchisees could launch frequent marketing campaigns and invest a lot of money in building brand awareness and driving sales. Creating a brand image, introducing a new product, boosting sales of an existing product, or even lessening the impact of bad news are all possible objectives for marketing efforts.
The purpose of a campaign is typically what determines how much marketing is required and what media are most effective for reaching a particular demographic.
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john brown raided the federal arsenal at harper's ferry in 1859 in order to precipitate a war between the states discredit the northern abolitionist movement obtain arms for a slave insurrection expose southern preparation for a civil war
John Brown raided the Federal Arsenal at Harper's Ferry in 1859 option c, to obtain arms for a slave insurrection.
John Brown was a staunch American Abolitionist leader. He incited a raid in Harpers Ferry against the Federal armory to supply arms for an anti-slavery revolt. The slave rebellion started by Brown is also known as the slave insurrection. He even drafted a provisional constitution which he hoped to bring forth in slavery-free America.
Brown also participated in Kansas bleeding. Brown was captured during the rebellion and tried for treason against the Commonwealth of Virginia, inciting slave inresurrection and murder of five men. He was hanged on 2 December 1859 after he was found guilty of all charges against him.
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potter and stan, a multinational corporation, recently conducted some analyses that assessed the general environment and identified key areas of development. the firm now wants to assess its key areas of development and the potential risks in its environment
Instead of studying the entire industry, a company's strengths, weaknesses, opportunities, and threats are identified using a SWOT analysis. This allows for both internal and external analysis of the company.
A corporation? What else do u mean by that?The legal status of a corporation is distinct from that of its shareholders. Some of the same legal rights and obligations apply to corporations as to people. They are able to sign contracts, make loans and take loans, sue and be defended, hire staff, possess properties, and pay any taxes.
Which 4 sorts of corporations are there?In the United States, there are four main forms of corporations: sole proprietorships, Limited Liability Companies (LLCs), S-Corporations (S-Corps), and C-Corporations (C-Corp).
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The complete question is-
Potter and Stan, a multinational corporation, recently conducted some analyses that assessed the general environment and identified key areas of development. The firm now wants to assess its key areas of development and the potential risks in its environment. The firm does not want to dedicate resources to analyze the factors affecting its industry or other firms operating in the same industry. Which of the following techniques is most likely to help Potter and Stan?
A. The five forces analysis
B. PEST analysis
C. PESTEL analysis
D. - SWOT analysis
E. A strategic group analysis
bookmark question for later what is a common axiom for information technology professionals? communicate! become an expert know the business be professional
Know the business is a common axiom for information technology professionals.
Information technology is the use of computer systems or other technological devices to access information. Information technology is in charge of a sizable portion of our daily activities, including our workforce, business operations, and personal access to information.
IT professionals examine computer networks and communication systems for safety and security. Installing security systems such as anti-virus software and firewalls, reviewing network activity for potential threats, and establishing password policies are all part of this. Examples include traditional computer applications such as data storage and programs to input, process, and output data.
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in the short run, how does this event affect country b's economy, such as overall price level, real gdp and unemployment? what is the economic term for this situation? please briefly describe how that will be reflected in the ad-as diagram.
The short run in macroeconomics is a period in which wages and some other prices are sticky.
The aggregate demand/aggregate supply, or AD/AS, model is one of the fundamental tools in economics because it provides an overall framework for bringing economic factors together in one diagram.
We can examine two different types of unemployment using an AD/AS diagram—cyclical unemployment and the natural rate of unemployment. Cyclical unemployment bounces up and down according to the short-run movements of GDP. The long-term, baseline level of unemployment that occurs year in and year out, however, is called the natural rate of unemployment.
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If the quantity of an input is variable in the short run, its total cost will as output increases. O A Increase O B Decrease Stay the same O D Rise then fall
If the quantity of an input is variable in the short run, its total cost will as output increases.
What happens to variable costs when output rises in the short term?The marginal cost curve will shift upward because an increase in output necessitates additional labor, which is also more expensive right now. Average total and average variable costs will climb along with the increase in total variable cost.
One element is constant in the short term. As a result, the price of this constant factor does not alter as the amount produced does. When one factor is fixed, the short-run total cost function displays the lowest total cost of manufacturing each amount. Whether or whether the commodity is produced at all, the fixed cost must be covered.
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Which of the following should be used in determining a potential project's operating cash flow?a. Incremental revenueb. Depreciation on new equipment purchased for the projectc. Incremental expensesd. All of the above
D. All of the above
Incremental revenue, Depreciation of new equipment purchased for the project, and Incremental costs are factors used in determining a potential project's operating cash flow.
Additional revenue is the income that a company generates from the sale of goods and services that are not the main revenue stream. Revenue Streams are the various sources from which a business earns money from selling goods or providing services. The type of income that a business records in its account depends on the type of activity the business performs. View categories and examples or core business operations. For example, famous sports arenas sell tickets to games and other events held in outer space. In this case, additional revenue will be generated from the sale of concessions, such as food and drinks sold in the arena.
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recently, what has occurred in the efforts toward harmonizing differences in national accounting standards? multiple choice question. only developing countries seem interested in harmonizing the standards. there have been no attempts to harmonize the differences. there has been rapid movement toward harmonization. most developed countries have harmonized standards.
There has been rapid movement toward harmonization. recently, has occurred in the efforts toward harmonizing differences in national accounting standards.
Accounting: What Is It?Accounting is the process of recording financial transactions for a business.. Summarizing, analyzing, and reporting these transactions to oversight organizations, regulatory bodies, and tax collection organizations are all parts of the accounting process. The financial statements that are used in accounting provide a succinct overview of all financial transactions that took place during a given accounting period, including information on a company's operations, financial situation, and cash flows. Accounting is an essential function for decision-making, cost planning, and measuring economic success, regardless of the size of an organization.
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based on your understanding of lease contracts, which type of lease cash flow has the most uncertainty? lease payments loan payments tax savings
Commercial Leases are the type of lease cash flow that has the most uncertainty.
Commercial LeasesCommercial leases are utilized for many different types of property, including retail and office premises. A ground or pad lease is typically utilized when a property renter is required to maintain or schedule the building of a structure. Commercial leases often run between five and twenty years.
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on the day of a child's birth, a parent deposits $25,000 in a trust fund that pays 6% interest, compounded continuously. determine the balance in this account on the child's 29th birthday. (round your answer to two decimal places.)
Calculating compounded continuously, by the help given data such as interest and time:-
Step 1:-
P= $25,000
We are given the data:
r=6% =0.06
t=29
Step 2:-
We determine the balance A in the account after t=29 years using the formula when interest is compounded continuously:
A=Pe{rt}
A= $25,000*e {0.06*29}
A= $142,433.59
"The balance in this account on the child's 29th birthday is $142,433.59".
Continuous compounding refers to that there is no limit to how often interest can compound. Compounding continuously can happen an infinite number of times, meaning a balance is obtaining interest at all times.
Continuous compounding is the procedure of determining interest and reinvesting it into an account's balance over an infinite number of tenure.
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which type of planning involves making long-term decisions such as defining the scope of the business? multiple choice question.
Strategic planning involves making long-term decisions such as defining the scope of the business.
Strategic Planning: What Is It?
Strategic planning is the skill of developing detailed business plans, putting them into action, and assessing the outcomes in light of a company's overarching long-term objectives or aspirations. It is a theory that concentrates on integrating different corporate divisions (such accounting and finance, marketing, and human resources) to achieve a company's strategic objectives. Strategic management and strategic planning are fundamentally the same things.
Process of Strategic Planning
Upper-level management of a corporation must put a lot of thinking and preparation into the strategic planning process. Executives may look at a wide range of options before deciding on a course of action and then figuring out how to strategically implement it. In the end, a company's management will, hopefully, decide on a strategy that can be executed cost-effectively with a high likelihood of success, while avoiding excessive financial risk, and that is most likely to produce positive results (typically defined as improving the company's bottom line).
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Year-end current liabilities and current expenses would be understated as a result of a failure to record which of the following adjusting entries? Accounts receivable that are uncollectible The expiration of prepaid insurance Accrued wages due and unpaid at year-end None of the above
Because of a specific event that necessitates adjusting the accounts, the expenses or revenues have not been recorded in the accounts receivable that are uncollectible.
Unearned revenue is money received by a person or business for a good or service that hasn't yet been rendered or supplied. It can be viewed as a "prepayment" for products or services that an individual or business expects to provide to the buyer at a later time. This prepayment accounts entails a duty on the part of the seller up to the good or service is delivered equal to the income earned. Since it is anticipated to be paid off within a year, this liability is listed under current liabilities.
Unearned revenue is money received by a person or business for a good or service that hasn't yet been rendered or supplied.
It appears as a liability on a company's balance sheet.
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relevant range and fixed and variable costs child play inc. manufactures electronic toys within a relevant range of 20,000 to 150,000 toys per year. within this range, the following partially completed manufacturing cost schedule has been prepared: complete the cost schedule. when computing the cost per unit, round to two decimal places. toys produced 40,000 80,000 120,000 total costs: total variable costs $720,000 d. $fill in the blank 1 j. $fill in the blank 2 total fixed costs 600,000 e. fill in the blank 3 k. fill in the blank 4 total costs $1,320,000 f. $fill in the blank 5 l. $fill in the blank 6 cost per unit variable cost per unit a. $fill in the blank 7 g. $fill in the blank 8 m. $fill in the blank 9 fixed cost per unit b. fill in the blank 10 h. fill in the blank 11 n. fill in the blank 12 total cost per unit c. $fill in the blank 13 i. $fill in the blank 14 o. $fill in the blank 15
Fixed costs do not change with total output, they are the same regardless of the number of units produced. Variable costs change in proportion to changes in total production.
Toys produced 40,000 80,000 120,000
Total costs:
Total variable costs $720,000 $1,440,000 $2,160,000
Total fixed costs $600,000 $600,000 $600,000
Total costs $1,320,000 $2,040,000 $2,760,000
Cost per Unit
Variable cost $18 $18 $18
Fixed cost $15 $7.50 $5
Total cost $33 $25.50 $23
As total output increases, variable costs increase. Fixed costs are operating costs that are unavoidable regardless of the level of production. These are the opposite of variable costs, which depend on the level of production or sales. Fixed costs are costs associated with capital, such as machinery; variable costs are labor costs.
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to sell a ranch that parker owns. austin finds a buyer and signs a sales contract on behalf of parker to sell the ranch. which rule applies here?
Power of attorney rule applies in case of to sell a ranch that parker owns. austin finds a buyer and signs a sales contract on behalf of parker to sell the ranch.
What is Power of attorney?A power of attorney, also known as a letter of attorney, is a formal directive to represent or act in another person's interest in business, personal matters, or other legal matters. The principle, grantor, or donor is the one giving another party the go-ahead to do anything.
The POA grants the agent—also referred to as the attorney in fact—the authority to manage your affairs. Which affairs you assign power over depend on the type of POA you draft. Depending on which POA you select, the decision-making authority of an attorney-in-fact takes effect at various periods. Any POA, regardless of its type, is void once the person it is intended to represent dies.
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a high-end jewelry store like tiffany's sells fewer pieces of jewelry than a popular-priced store like kay jewelers. tiffany's makes up for lower volume by charging premium prices, which means that tiffany's is using a pricing strategy.
A high-end jewelry store like tiffany's sells fewer pieces of jewelry than a popular-priced store like kay jewelers. tiffany's makes up for lower volume by charging premium prices, yes its true tiffany's is using a pricing strategy.
When selling a product or service, a firm can employ a number of different pricing tactics. Senior executives must first analyze the company's price position, pricing segment, pricing capacity, and competition pricing reaction strategy in order to select the most successful pricing strategy. Pricing tactics and strategies differ from company to company as well as from different countries, cultures, and business sectors. Additionally, they fluctuate over time as markets, sectors, and overall economic conditions evolve. Pricing guidelines control how much companies charge for their goods. Pricing can be chosen to maximize profits from either the market as a whole or from each individual item sold. It can also be used to gain market share inside a market, to protect an existing market from new competitors.
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the company wants to end each month with ending finished goods inventory equal to 10% of the next month’s sales. finished goods inventory on december 31 is 300 units. the budgeted production units for january are:
The company wants to end each month with ending finished goods inventory equal to 10% .Budgeted production in January 2,910 units.
Production budget is a term used especially in film production and more generally in business. A 'Film Production Budget' determines how much money is spent on the entire film project. This includes identifying elements and estimating the cost of each stage of film production.
The production budget calculates the number of units of product that must be manufactured and is derived from a combination of sales projections and the projected amount of finished inventory (usually used as safety stock to cover unexpected increases). increase). Asked).
The product cost budget determines the total cost incurred by a company to create a product on a regular basis. Managers can further calculate the cost per unit by dividing the estimated units produced according to the production budget.
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