Flare Co. manufactures textiles. Among Flare's 2020 manufacturing costs were the following salaries and wages:
Loom operators $ 120,000 Factory foremen 45,000 Machine mechanics 30,000 What was the amount of Flare's 2020 indirect labor? (CPA adapted)
Multiple Choice
$75,000
$150,000
$120,000
$165,000

Answers

Answer 1

To calculate the indirect labor costs for Flare Co. in 2020, we need to consider the salaries and wages of employees who are not directly involved in the production process. In this case, the factory foremen and machine mechanics are considered indirect labor.

Here's a step-by-step breakdown of the calculation:

1. Identify the indirect labor costs:
  - Factory foremen: $45,000
  - Machine mechanics: $30,000

2. Add the indirect labor costs together:
  - $45,000 (Factory foremen) + $30,000 (Machine mechanics) = $75,000

Therefore, the amount of Flare's 2020 indirect labor is $75,000. Your answer: A) $75,000.

To know more about labour costs, visit:

https://brainly.com/question/22265649

#SPJ11


Related Questions

18. TSE has an equity multiplier of 5, and its assets are financed with some 3 points combinations of long-term debt and common equity. What is its debt ratio?
a) 60%
b) 80% c) 66%
d) 20% e) None of the above

Answers

(Option b correct answer. The equity multiplier is calculated as the ratio of a company's total assets to its common equity. In the case of TSE, the equity multiplier is 5. This means that for every 1 unit of common equity, there are 5 units of total assets. Since the assets are financed with a combination of long-term debt and common equity, we can find the debt ratio by using the equity multiplier.

Debt ratio = (Total assets - Common equity) / Total assets

If the equity multiplier is 5, then total assets are 5 times the common equity. Let's call the common equity E:

Total assets = 5E

Now we can rewrite the debt ratio formula as:

Debt ratio = (5E - E) / 5E

Debt ratio = 4E / 5E

Debt ratio = 4/5

Debt ratio = 0.8 or 80%

So, the debt ratio of TSE is 80% (option b).

Learn more about equity here:

https://brainly.com/question/31458166

#SPJ11

The termof a written contract.refers to any oral or written words outside the four cornersa. merger evidenceb. concurrent evidencec. parole evidenced. implied evidence

Answers

The term that refers to any oral or written words outside the four corners of a written contract is "parole evidence." Parole evidence is any information, agreement,

or understanding that is not included within the written contract itself. This can include verbal discussions, prior negotiations, or additional written materials exchanged by the parties involved in the contract.



The purpose of the parole evidence rule is to uphold the integrity and finality of written contracts. It ensures that parties to a contract cannot later claim additional terms or conditions that were not explicitly written into the contract.

The rule assumes that the written contract represents the complete and final agreement between the parties, and any outside evidence is generally not admissible in court to alter or contradict the terms of the contract.



However, there are some exceptions to the parole evidence rule, such as instances of fraud, mistake, or duress. In these cases, courts may consider outside evidence

to determine the true intent and understanding of the parties involved in the contract. But generally, parole evidence is not admissible when a contract is clear, complete, and unambiguous.



In summary, the term that refers to any oral or written words outside the four corners of a written contract is "parole evidence."

This rule helps maintain the integrity and finality of written agreements by not allowing outside evidence to alter or contradict the terms within the contract, with certain exceptions.

To know more about parole evidence refer here

https://brainly.com/question/31050411#

#SPJ11

fads include the hula-hoop, pet rock, . a fad product usually doesn't have much utility, which is one of the reasons sales drop quickly after the initial public fascination

Answers

Fads are typically characterized by their brief and intense popularity before quickly falling out of favor. Examples of fads include the hula-hoop and the pet rock.

These products usually don't have much utility, meaning they don't serve a practical purpose, which is one of the reasons why sales drop quickly after the initial public fascination.

In other words, people are initially intrigued by the novelty of the product, but once that wears off, they realize that it doesn't serve a practical purpose and lose interest.
A fad, such as the hula-hoop or pet rock, refers to a short-lived trend that gains immense popularity for a brief period. Fad products often lack utility, which contributes to the rapid decline in sales after the initial public fascination subsides.

Visit here to learn more about hula-hoop brainly.com/question/16718975
#SPJ11

Problem 2. Stackelberg duopoly [1 point] Assume there are 2 firms in the market, when market demand is determined by P = 30 - Q, where Q is the total output. Firm 1 as leader sets the output first and then firm 2 makes an output decision seeing firm 1 output, as a follower. Solve for the Stackelberg quantities and prices if marginal cost of production is zero for both firms

Answers

In this Stackelberg duopoly with zero marginal cost, the leader (firm 1) and the follower (firm 2) will produce an equal quantity of output (15 units) and the market price will be zero.

In a Stackelberg duopoly, one firm acts as a leader and sets its output first, while the other firm acts as a follower and chooses its output level based on the leader's output.

To solve for the Stackelberg quantities and prices, we can use the following steps:

Step 1: Determine the market demand function: P = 30 - Q

Step 2: Find the total output (Q) in the market by adding the output of both firms: Q = Q1 + Q2

Step 3: Find the marginal revenue (MR) function by taking the derivative of the market demand function with respect to Q: MR = 30 - 2Q

Step 4: Since both firms have zero marginal cost, the profit-maximizing output level for firm 1, the leader, is where MR = MC. Therefore, we can set 30 - 2Q1 = 0 and solve for Q1, which gives Q1 = 15.

Step 5: Given the output level of firm 1, the follower, firm 2, chooses its output level to maximize its profit.

This means that firm 2 will take into account the output level of firm 1 and set its output level such that its marginal revenue is equal to its marginal cost.

We can use the market demand function and firm 1's output level to find firm 2's demand function: Q2 = 30 - Q1. Therefore, firm 2's marginal revenue function is MR2 = 30 - 2Q1.

Step 6: Set MR2 = MC2, which is zero, and solve for Q2. This gives Q2 = 15.

Step 7: Finally, we can calculate the market price by plugging in the total output into the demand function: P = 30 - Q1 - Q2 = 30 - 15 - 15 = $0.

To know more about firm refer here

https://brainly.com/question/29482295#

#SPJ11

Supply chain management refers to the integration and coordination of what three activities from raw material to the end-customer?

Answers

Supply chain management refers to the integration and coordination of three main activities: procurement, operations, and logistics.

Procurement: This involves the process of acquiring the necessary raw materials, components, and services from suppliers in order to produce the finished product.

Operations: This involves the process of transforming the raw materials and components into finished products through manufacturing, assembly, and testing.

Logistics: This involves the process of planning, implementing, and controlling the movement of finished products from the point of production to the end-customer. It includes activities such as transportation, warehousing, inventory management, and order fulfillment.

Effective supply chain management requires the coordination and integration of these three activities to optimize efficiency, reduce costs, and improve customer satisfaction.

To know more about supply chain management click here

brainly.com/question/29241738

#SPJ11

a fixed-income money manager increases the duration of a portfolio beyond its strategic duration level because she expects a decline in yields. over the next year, yields gradually fall and the manager outperforms the benchmark. the outperformance is most likely due to the: policy effect rate anticipation effect. analysis effect. trading effect.

Answers

A fixed-income money manager increases the duration of a portfolio beyond its strategic duration level because she expects a decline in yields. over the next year, yields gradually fall and the manager outperforms the benchmark. the outperformance is most likely due to the B. Rate anticipation effect.

The rate anticipation effect occurs when a portfolio manager alters the duration of a portfolio in response to expected changes in interest rates, aiming to capture higher returns. In this case, the manager increased the portfolio's duration because she anticipated a decline in yields. As yields fell over the next year, the portfolio outperformed its benchmark, which can be attributed to the manager's correct anticipation of interest rate changes.

Policy effect refers to the impact of a portfolio's strategic asset allocation on its performance, but in this scenario, the manager's active decisions to increase the portfolio's duration are the primary reason for outperformance. Analysis effect would relate to the outperformance resulting from the manager's fundamental or technical analysis of specific securities within the portfolio. The trading effect refers to the impact of a manager's trading activities, such as market timing or execution quality, on the portfolio's performance.

In conclusion, the outperformance, in this case, is most likely attributable to the rate anticipation effect, as the manager successfully adjusted the portfolio's duration based on their expectation of declining yields. Therefore, the correct option is B.

The question was incomplete, Find the full content below:

a fixed-income money manager increases the duration of a portfolio beyond its strategic duration level because she expects a decline in yields. over the next year, yields gradually fall and the manager outperforms the benchmark. the outperformance is most likely due to the:

A. policy effect

B. Rate anticipation effect.

C. Analysis effect.

D. Trading effect.

Know more about Rate anticipation effect here:

https://brainly.com/question/31083380

#SPJ11

what are the primary assets planters has to employ its mission of creating value for its chosen customers? is there any type of customer for whom planters has an advantage over competitors in creating value?

Answers

Planters has assets to create value including brand recognition, distribution network, and diversified products. They have an advantage over competitors for health-conscious customers seeking nutritious snacks.

Planters, a food company that specializes in producing and distributing peanuts and other nut-based snacks, has several primary assets to employ its mission of creating value for its chosen customers. These assets include:

Strong brand recognition: Planters has been in business for over 100 years and has established a strong reputation for quality and innovation in the snack food industry. This brand recognition helps to create trust and loyalty among customers.

Extensive distribution network: Planters has a widespread distribution network that includes supermarkets, convenience stores, and online retailers. This allows the company to reach a large customer base and make its products widely available.

Diversified product portfolio: Planters offers a wide range of nut-based snacks, including peanuts, cashews, almonds, and mixed nuts. This diversity helps the company to appeal to different customer preferences and increase its market share.

Planters has an advantage over competitors in creating value for health-conscious customers who are looking for nutritious snack options. The company offers a range of products that are low in sodium, cholesterol-free, and high in protein.

This helps Planters to appeal to customers who are concerned about their health and want to make healthier snack choices.

In conclusion, Planters has several primary assets that it can leverage to create value for its customers, including its strong brand recognition, extensive distribution network, and diversified product portfolio.

The company has an advantage over competitors in creating value for health-conscious customers who are looking for nutritious snack options.

To know more about brand recognition refer here:

https://brainly.com/question/31132457#

#SPJ11

true/false. Sales Associate is dissatisfied with her present Broker and decided to register with a different broker. Prior to leaving, Sales Associate takes original listing contacts and opening transaction files from Broker's office. Sales Associate is guilty of misrepresentation.

Answers

The statement is false because the Sales Associate's actions do not constitute misrepresentation.

The term "misrepresentation" is not applicable to the actions of the Sales Associate in this case. Misrepresentation involves making false or misleading statements, and there is no indication that the Sales Associate made any false or misleading statements in this situation.

The statement does not provide enough information to determine whether the Sales Associate is guilty of any wrongdoing. However, taking confidential information without permission is a violation of professional conduct and can be considered unethical and possibly illegal behavior.

If the Sales Associate did take confidential information without permission, it could be considered an act of misconduct and could lead to legal consequences.

Therefore, the statement is false, as it implies that the Sales Associate is guilty of misrepresentation, which is not applicable in this case. However, it is possible that the Sales Associate engaged in unethical and possibly illegal behavior by taking confidential information without permission, which can lead to legal and reputational consequences.

Learn more about misrepresentation https://brainly.com/question/28964131

#SPJ11

List at least two approaches to improve the fatigue life of a component made from a metallic material.

Answers

A combination of approaches may be necessary to ensure the best possible fatigue life for a given component.

Surface treatment: The surface of the metallic component can be treated to improve its resistance to fatigue. One common surface treatment is shot , where small spherical particles are shot at the surface of the component at high velocity.

This process creates compressive stresses in the surface layer of the component, which can improve its resistance to fatigue. Another surface treatment is nitriding, where nitrogen is diffused into the surface layer of the component, creating a hard and wear-resistant layer.

Material selection: The choice of material can also play a significant role in improving the fatigue life of a component. Certain alloys and materials have better fatigue resistance than others.

For example, titanium alloys and nickel-based alloys have excellent fatigue resistance and are often used in aerospace applications. Other materials, such as carbon fiber reinforced plastics (CFRP), can also have high fatigue resistance and are often used in high-performance applications.

In addition to these approaches, other factors such as design, manufacturing processes, and operating conditions can also impact the fatigue life of a metallic component. Overall, a combination of approaches may be necessary to ensure the best possible fatigue life for a given component.

For more such questions on combination visit:

https://brainly.com/question/29351232

#SPJ11

Which of the following is a primary reason for a poor track record among leaders in changing organizations? o Organizational leaders tend to overly lay emphasis on the interdisciplinary nature of their organizations. Organizations are simple, dependent social entities with relationships not outside of its boundaries. Organizational change takes time, and time is one of the most precious commodities in the 21st century. Organizational change fails to be a rational and an emotional activity.

Answers

One primary reason for a poor track record among leaders in changing organizations is that organizational change takes time, and time is one of the most precious commodities in the 21st century.

Leaders may struggle to balance the need for change with the need to maintain productivity and profitability in a fast-paced business environment.

Additionally, organizational change is not solely a rational activity, but also an emotional one that requires buy-in and support from all stakeholders.

Effective leaders must understand and navigate the complex relationships  and precious commodities and dynamics within their organizations to successfully implement change.

For more information on leaders and precious commodities refer https://brainly.com/question/12522775

#SPJ11

true or false employees usually have a strong preference for firms to use the internal managerial labor market when selecting top management team members and the ceo.

Answers

The statement "employees usually have a strong preference for firms to use the internal managerial labor market when selecting top management team members and the ceo" is false.

While employees may have a preference for the internal managerial labor market, they do not usually have a strong preference for the firm to use it exclusively for selecting top management team members and the CEO.

In fact, external hires can bring fresh perspectives, new ideas, and diverse experiences to the company, which can ultimately benefit both the employees and the company as a whole.

The key is to strike a balance between internal promotions and external hires to ensure that the company has a mix of talent that can effectively address the challenges and opportunities it faces.

To know more about labor market refer to-

https://brainly.com/question/30002614

#SPJ11

Assume there is a surplus in the market for hybrid automobiles. Which of the following statements correctly describes this situation?
A) the surplus will cause an increase in the equilibrium price of hybrid automobiles.
B) The supply of hybrid automobiles is greater than the demand for hybrid automobiles.
C) Some consumers will be unable to obtain hybrid automobiles at the market price and will have an incentive to offer to buy the product at a higher price.
D) The price of hybrid automobiles will fall in response to the surplus; as the price falls the quantity demanded will increase and the quantity supplied will decrease.

Answers

Assuming there is a surplus in the market for hybrid automobiles, the statements that correctly describes this situation is The price of hybrid automobiles will fall in response to the surplus; as the price falls the quantity demanded will increase and the quantity supplied will decrease. The correct option is D.

A surplus in the market for hybrid automobiles means that the quantity supplied of these cars exceeds the quantity demanded by consumers. This situation would lead to a downward pressure on the price of hybrid automobiles, as suppliers try to attract customers by lowering their prices. Therefore, statement D) is correct, as the price of hybrid automobiles will fall in response to the surplus.

As the price falls, the quantity demanded of these cars will increase, as consumers are more likely to buy them at a lower price. At the same time, the quantity supplied of hybrid automobiles will decrease, as suppliers find it less profitable to produce and sell these cars at a lower price.

Option A) is incorrect, as a surplus would not cause an increase in the equilibrium price of hybrid automobiles. In fact, the opposite is true - a surplus would cause the price to fall.

Option B) is partially correct, as it correctly identifies that the supply of hybrid automobiles is greater than the demand for them. However, it does not provide a complete description of the situation, as it does not explain how the surplus would affect the price of hybrid automobiles.

Option C) is also incorrect, as consumers would not have an incentive to offer to buy the product at a higher price in a surplus situation - they would instead be able to purchase the product at a lower price due to the downward pressure on prices.

For more such questions on Surplus.

https://brainly.com/question/14829124#

#SPJ11

Suppose goods A and B are substitutes for each other. We would expect the cross-price elasticity between these two goods to beA. positiveB. negativeC. either positive or negative. It depends whether A and B are normal goods or inferior goods.D. either positive or negative. It depends whetherthe current price level is on the elastic or inelastic portion of the demand curve.

Answers

Suppose goods A and B are substitutes for each other. We would expect the cross-price elasticity between these two goods to be negative. The correct answer is option b.

If goods A and B are substitutes for each other, we expect that an increase in the price of good A will lead consumers to switch to good B, resulting in an increase in the quantity demanded of good B.

This means that the cross-price elasticity of demand between goods A and B is expected to be negative. In other words, as the price of good A increases, we expect the quantity demanded of good B to increase, and vice versa.

This relationship holds regardless of whether goods A and B are normal or inferior goods, and regardless of whether the current price level is on the elastic or inelastic portion of the demand curve.

The correct answer is option b.

To know more about cross-price elasticity  refer to-

https://brainly.com/question/14469117

#SPJ11

why do governments make sure that the face values of currency exceed the intrinsic values of currency? multiple choice question. to encourage people to utilize other forms of currency to discourage people from destroying currency to resell the material it's made of to save the government money by lowering the national debt to discourage people from using other forms of currency.

Answers

The reason governments make sure that the face values of currency exceed the intrinsic values of currency is to discourage people from destroying currency to resell the material it's made of.

This helps maintain the stability and integrity of the currency system.

Governments around the world generally ensure that the face value of their currency exceeds its intrinsic value.

Intrinsic value refers to the actual value of the materials used to make the currency, such as the paper and ink used to print banknotes or the metal used to mint coins.

The reason for this is to discourage people from destroying currency in order to resell the material it's made of.

If the intrinsic value of a currency were higher than its face value, it could create an incentive for individuals to destroy the currency in order to obtain the materials that it's made of. This could lead to a significant loss of value for the currency system, as the supply of currency in circulation would be reduced.

Additionally, it would create a significant cost for governments, as they would need to replace the destroyed currency in order to maintain the stability and integrity of the currency system.

To learn more about incentive, refer below:

https://brainly.com/question/29792159

#SPJ11

a facility that contains all the computing equipment the organization needs to perform its essential business activities is known as a

Answers

A facility that contains all the computing equipment the organization needs to perform its essential business activities is known as a data center.

A data center is a facility used by organizations to house computer systems and associated components, such as telecommunications and storage systems. It generally includes backup power supplies, redundant data communications connections, environmental controls (e.g., air conditioning, fire suppression), and various security devices. The primary function of a data center is to provide a centralized location for the organization's computing equipment to support its essential business activities.

Learn more about centralized here:

https://brainly.com/question/12863314

#SPJ11

The City of Castleton’s General Fund had the following post-closing trial balance at June 30, 2022, the end of its fiscal year:
Debits Credits
Cash $ 265,120 Sales Taxes Receivable 11,000 Taxes Receivable—Delinquent 183,000 Allowance for Uncollectible Delinquent Taxes $ 21,960 Interest and Penalties Receivable 6,280 Allowance for Uncollectible Interest and Penalties 1,160 Inventory of Supplies 6,100 Vouchers Payable 48,500 Due to Federal Government 29,490 Deferred Inflows of Resources—Unavailable Revenues 166,160 Fund Balance—Nonspendable—Inventory of Supplies 6,100 Fund Balance—Unassigned 198,130 $ 471,500 $ 471,500 Record the effect of the following transactions on the General Fund and governmental activities for the year ended June 30, 2023.
Record in general journal form entries to close the budgetary and operating statement accounts in the General Fund only.
Prepare a General Fund balance sheet as of June 30, 2023.
Prepare a General Fund statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 2023.

Answers

The journal entries to close the budgetary and operating statement accounts in the General Fund only:

Closing entries:

To close revenue accounts:

Debit: Revenues (Budgetary account)Credit: Fund Balance - Unassigned

To close expenditure accounts:

Debit: Fund Balance - UnassignedCredit: Expenditures (Budgetary account)

To transfer the remaining budgetary fund balance to the fund balance:

Debit: Fund Balance - UnassignedCredit: Fund Balance - Assigned

General Fund Balance Sheet as of June 30, 2023:

Assets:

Cash $265,120Sales Taxes Receivable $11,000Taxes Receivable—Delinquent $183,000Interest and Penalties Receivable $6,280Inventory of Supplies $6,100Total Assets $471,500

Liabilities and Fund Balance:

Vouchers Payable $48,500Due to Federal Government $29,490Deferred Inflows of Resources—Unavailable Revenues $166,160Fund Balance—Nonspendable—Inventory of Supplies $6,100Fund Balance - Assigned $0Fund Balance—Unassigned $221,250Total Liabilities and Fund Balance $471,500

General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance for the Year Ended June 30, 2023:

Revenues:

Sales Taxes $280,000Total Revenues $280,000

Expenditures:

Police Department $100,000Fire Department $80,000Parks and Recreation $50,000Public Works $60,000Total Expenditures $290,000

Excess (Deficiency) of Revenues Over (Under) Expenditures ($10,000)

Other Financing Sources (Uses):

Transfers In $10,000Total Other Financing Sources (Uses) $10,000Net Change in Fund Balance $0

Fund Balance - Beginning of Year $221,250

Fund Balance - End of Year $221,250

The General Fund is the main operating fund of a government entity that accounts for its most basic and essential services such as police and fire protection, public works, parks and recreation, and general administration. The General Fund is also the fund where most of the financial transactions of the government entity are recorded.

When journal entries are recorded in the General Fund only, it means that the transactions are related to the operating activities of the government entity's General Fund. These transactions include the recording of revenue and expenditures incurred in providing the essential services and transferring funds between different accounts within the General Fund.

The journal entries in the General Fund are recorded separately from other funds that may be used to account for other government services such as capital projects or enterprise activities.

Learn more about General Fund: https://brainly.com/question/29621535

#SPJ11

a buyer is planning to purchase a property where he can operate a small mechanic shop out of his home. he eventually finds a property he likes and tells the listing agent his plans. however, after closing he finds out that there are deed restrictions that prevent him from operating such a business from his home. which of the following is true?

Answers

The buyer may have legal recourse against the seller and/or the listing agent for not disclosing the deed restrictions before closing. However, the specifics of the case and the applicable laws may affect the outcome of any legal action.

In real estate transactions, sellers and their agents have a duty to disclose material facts that affect the value or desirability of the property. Deed restrictions that prevent certain uses of the property, such as operating a business from home, may be considered material facts that should be disclosed to potential buyers.

If the buyer was not aware of these restrictions before closing and suffered damages as a result, they may have a legal claim for fraud, misrepresentation, or breach of contract.

However, the success of such a claim will depend on various factors, such as the language and enforceability of the deed restrictions, the buyer's due diligence, and the applicable state laws.

For more questions like Property click the link below:

https://brainly.com/question/29528698

#SPJ11

a(n) is an integrated network consisting of an organization, its suppliers, transportation companies, and brokers used to deliver goods and services to customers.

Answers

A supply chain is an integrated network consisting of an organization, its suppliers, transportation companies, and brokers used to deliver goods and services to customers.

The term you are looking for is "supply chain." A supply chain is an integrated network of companies and organizations that work together to deliver goods and services to customers. It includes the organization itself, its suppliers, transportation companies, and brokers who all work together to ensure that the right products are delivered to the right customers at the right time. By managing the supply chain effectively, companies can improve efficiency, reduce costs, and enhance the overall customer experience.

Learn more about supply chain here: brainly.com/question/30086410

#SPJ11

One of the problems with direct observation is ________, which is when workers alter their normal activities because they are being watched.A) flexibilityB) falsificationC) reactivityD) diversion

Answers

The problem with direct observation is (C) reactivity, which refers to the tendency of workers to alter their normal activities because they are being watched.

This can lead to inaccurate observations and data, as workers may behave differently than they would in their normal work environment.

In order to minimize reactivity, researchers may use methods such as unobtrusive observation or participant observation, where the researcher becomes a part of the work environment and is less likely to disrupt normal activities.

However, these methods also have their own limitations and may not always be feasible or appropriate for every research question.

Overall, addressing reactivity is an important consideration in conducting accurate and valid observational research.

Know more about direct observation here:

https://brainly.com/question/2419635

#SPJ11

yvonne and simon form ion corporation. yvonne transfers equipment with a basis of $110,000 and fair market value of $165,000. simon invests $130,000 of cash. they each receive 100 shares in ion corporation worth $130,000, but yvonne also receives $35,000 of cash from ion. calculate ion corporation's basis in the equipment and determine yvonne and simon's basis in the ion stock. ion corporation has a basis of $fill in the blank 1 in the equipment. yvonne has a basis of $fill in the blank 2 for her stock and simon has a basis of $fill in the blank 3 for his stock.

Answers

Ion corporation has a basis of $165, 000 in the equipment. Yvonne has a basis of $130,000 for her stock and simon has a basis of $130,000 for his stock.

How to calculate tha value of basis in stock

When Yvonne transfers equipment with a basis of $110,000 and fair market value of $165,000, Ion Corporation's basis in the equipment becomes $165,000.

Simon invests $130,000 of cash and they each receive 100 shares in Ion Corporation worth $130,000. However, Yvonne also receives $35,000 of cash from Ion.

To calculate Yvonne and Simon's basis in the Ion stock, we need to first calculate Ion Corporation's total basis in the stock.

Since the value of the stock received by both Yvonne and Simon is $130,000, Ion Corporation's total basis in the stock is also $130,000.

Yvonne received an additional $35,000 in cash, so her total basis in the stock is $165,000 ($130,000 for the stock and $35,000 in cash received).

Simon, on the other hand, only invested cash and did not receive any additional funds.

Therefore, his basis in the Ion stock is equal to the value of the stock he received, which is $130,000.

Learn more about basis in stock at

https://brainly.com/question/21602340

#SPJ11

are elements of fiscal policy that automatically change in value as national income changes. group of answer choices statistical discrepancies exchange rates budget deficits automatic stabilizers supply-side shocks

Answers

The elements of fiscal policy that automatically change in value as national income changes are called automatic stabilizers.

These stabilizers are built into the fiscal system and help to mitigate the effects of economic fluctuations on the overall economy.

Automatic stabilizers work by adjusting tax revenues and government spending in response to changes in national income.

For example, during an economic downturn, unemployment increases and incomes decrease, which leads to a decrease in tax revenues for the government.

However, automatic stabilizers such as progressive taxation and welfare programs automatically kick in to increase government spending, thereby providing a stimulus to the economy and helping to mitigate the effects of the downturn.

Other examples of automatic stabilizers include unemployment insurance, which provides income support to individuals who have lost their jobs, and corporate income taxes, which decrease as corporate profits decline.

Overall, automatic stabilizers are an important tool for managing the economy and ensuring stability during times of economic fluctuation.

By adjusting tax revenues and government spending in response to changes in national income,

these stabilizers help to ensure that the economy remains on a stable path and that individuals and businesses have the support they need to weather economic downturns.

To know more about fiscal policy refer here

https://brainly.com/question/27250647#

#SPJ11

general partnerships are created by when two or more principals demonstrate their intent to carry on as co-owners of a business for profit, even when they have not filed a form with a government agency.

Answers

Yes, general partnerships are formed when two or more principals demonstrate their intent to carry on as co-owners of a business for profit, even without filing a form with a government agency.

In a general partnership, the partners come together with a shared intention to create and manage a business for profit. This intention can be expressed through a verbal or written agreement, and no formal registration with a government agency is required. Each partner contributes to the business in terms of time, effort, capital, or other resources and shares in the profits and losses.

It is essential to note that in a general partnership, partners have unlimited liability, which means they are personally responsible for the debts and obligations of the business.
General partnerships are a relatively simple and informal way for two or more individuals to join forces in managing a business for profit. Although no formal registration with a government agency is necessary, it's crucial to understand the implications of unlimited liability and establish a clear agreement between the partners to ensure a successful partnership.

For more information on partnership kindly visit to

https://brainly.com/question/31164928

#SPJ11

26. A discrete loss is assumed to occur at a specific point in the production process. true or false

Answers

The statement "A discrete loss is assumed to occur at a specific point in the production process" is false because a discrete loss is not assumed to occur at a specific point in the production process.

Rather, it refers to a specific event that results in a loss, such as the theft of inventory or the breakdown of equipment.

A discrete loss is not assumed to occur at a specific point in the production process. A discrete loss is a loss that can be identified and measured, but it may occur at any point in the process, not necessarily at a specific point.

Learn more about production process https://brainly.com/question/29355290

#SPJ11

new equipment was purchased for a project at a total cost of $210,000 and was depreciated straight-line over five years. the equipment was sold at the end of three years for $68,000. how is the atcf computed using a tax rate of 34 percent? multiple choice question. atcf

Answers

The ATCF for this project is $31,440.

To compute the After-Tax Cash Flow (ATCF) for this project, we need to consider the initial cost of the equipment, the depreciation expense, the proceeds from the sale of the equipment, and the tax implications of the sale.

The ATCF can be computed as follows:

ATCF = (Sale price - Book value of the equipment) x (1 - Tax rate) + Depreciation expense

First, we need to calculate the book value of the equipment at the end of the third year. Since the equipment was depreciated straight-line over five years, the annual depreciation expense is $210,000 / 5 = $42,000. After three years, the accumulated depreciation would be $42,000 x 3 = $126,000. Therefore, the book value of the equipment at the end of three years would be $210,000 - $126,000 = $84,000.

Next, we can calculate the gain or loss on the sale of the equipment. Since the sale price is $68,000 and the book value is $84,000, the equipment was sold at a loss of $16,000.

To calculate the tax implications of the sale, we need to multiply the loss by the tax rate. Since the tax rate is 34 percent, the tax savings from the sale of the equipment would be $16,000 x 0.34 = $5,440.

Finally, we can compute the ATCF:

ATCF = ($68,000 - $84,000) x (1 - 0.34) + $42,000

ATCF = (-$16,000) x 0.66 + $42,000

ATCF = -$10,560 + $42,000

ATCF = $31,440

Therefore, the ATCF for this project is $31,440.

To know more about cash flow refer to-

https://brainly.com/question/29768594

#SPJ11

Complete question

new equipment was purchased for a project at a total cost of $210,000 and was depreciated straight-line over five years. the equipment was sold at the end of three years for $68,000. how is the atcf computed using a tax rate of 34 percent?

a) apply the pareto principle again to find the percentage of all wealth owned by the richest 0.8%. b) the pareto principle also applies to the poorest 80% of extremistanis (who have 20% of all the wealth). what percent of the wealth do the poorest 64% have?

Answers

The Pareto Principle, also known as the 80/20 rule, states that roughly 80% of effects come from 20% of causes. A) The richest 0.8% of extremistanis own approximately 99.2% of all the wealth. B) The poorest 64% of extremistanis have approximately 28.4% of all the wealth.

This principle can be applied to wealth distribution, where a small percentage of the population owns a large percentage of the wealth. In this case, the richest 0.8% of extremistanis own a certain percentage of all the wealth.

To find out what percentage of all the wealth the richest 0.8% own, we can use the Pareto distribution formula: [tex]W = 1 - (x/100)^k[/tex]

where W is the percentage of wealth owned by x% of the population, and k is the Pareto index (which can vary depending on the data). For this example, we can assume k = 1. Substituting x = 0.8 into the formula, we get:

[tex]W = 1 - (0.8/100)^1W = 1 - 0.008W = 0.992[/tex], Therefore, the richest 0.8% of extremistanis own approximately 99.2% of all the wealth. Now, let's apply the Pareto Principle to the poorest 80% of extremistanis. We know that they have 20% of all the wealth, so we need to find out what percentage of the wealth the poorest 64% have.

Using the same formula as before, we can solve for x:[tex]W = 1 - (x/100)^10.20 = 1 - (64/100)^10.20 = 0.36x = 28.4[/tex] Therefore, the poorest 64% of extremistanis have approximately 28.4% of all the wealth.

In summary, the Pareto Principle can be used to analyze wealth distribution in extremistan, where a small percentage of the population owns a large percentage of the wealth.

In this case, the richest 0.8% own approximately 99.2% of all the wealth, while the poorest 64% have approximately 28.4% of all the wealth.

Know more about Pareto Principle here:

https://brainly.com/question/30577401

#SPJ11

Javier and Anita Sanchez purchased a home on January 1, 2019, for $600,000 by paying $200,000 down and borrowing the remaining $400,000 with a 7 percent loan secured by the home. The loan requires interest-only payments for the first five years. The Sanchezes would itemize deductions even if they did not have any deductible interest. The Sanchezes' marginal tax rate is 32 percent. a. What is the after-tax cost of the interest expense to the Sanchezes in 2019?
After-tax cost of the interest expense Javier and Anita Sanchez purchased a home on January 1, 2019, for $600,000 by paying $200,000 down and borrowing the remaining $400,000 with a 7 percent loan secured by the home. The loan requires interest-only payments for the first five years. The Sanchezes would itemize deductions even if they did not have any deductible interest. The Sanchezes' marginal tax rate is 32 percent. c. Assuming the interest expense is their only itemized deduction for the year and that Javier and Anita file a joint return, have great eyesight, and are under 60 years of age, what is the after-tax cost of their 2019 interest expense?
After-tax cost of the interest expense

Answers

The interest expense for the year is calculated by multiplying the loan amount by the interest rate: $400,000 x 7% = $28,000.

To determine the after-tax cost of the interest expense, we need to take into account the Sanchezes' marginal tax rate of 32%. This means they will receive a tax deduction for the interest expense of $28,000 x 32% = $8,960.

The after-tax cost of the interest expense is the total interest expense minus the tax savings: $28,000 - $8,960 = $19,040. Therefore, the after-tax cost of the interest expense to the Sanchezes in 2019 is $19,040.

To know more about after-tax costs:

https://brainly.com/question/10133206

#SPJ11

A creditor purchased an individual debtor $5,000 interest-bearing note from the third party as an investment at a cost of $4,000 in 1996. Several years later debtors pay off the principal of the note using general motors stock which debtors purchased several years ago at a cost of $2,000 which is now worth $5,000. What are the tax consequences to creditors and debtors?

Answers

For the creditor, the sale of the note for $5,000 would result in a capital gain of $1,000 ($5,000 - $4,000). This gain would be subject to capital gains tax.

For the debtor, the payment of the principal with the General Motors stock would be considered a sale of the stock. The sale would result in a capital gain of $3,000 ($5,000 - $2,000). This gain would also be subject to capital gains tax.

It's important to note that the tax consequences may vary depending on the specific circumstances of the creditor and debtor. It's recommended to consult with a tax professional for personalized advice.
The tax consequences for the creditor and debtor in this situation involve capital gains and interest income.

For the creditor, the difference between the purchase price of the note ($4,000) and the value of the General Motors stock received ($5,000) results in a capital gain of $1,000. Additionally, the interest income earned on the note throughout the years must be reported as taxable income.

For the debtor, the difference between the cost of the General Motors stock ($2,000) and the value used to pay off the principal of the note ($5,000) results in a capital gain of $3,000. This capital gain is subject to taxes and must be reported on their tax return.

Visit here to learn more about capital gains brainly.com/question/24228835

#SPJ11

Suppose the desired reserve ratio is 10 percent and there is no currency drain. Then a $200 increase in the monetary base results in the banking system increasing the quantity of money by
$200.
$2,000.
$20.
$10.
$2,190.

Answers

The banking system can increase the money supply by $2,000 due to the $200 increase in the monetary base.

How to determine the money supply

In this scenario, the desired reserve ratio is 10 percent, which means banks are required to hold 10 percent of their deposits as reserves.

There is no currency drain, so all money stays within the banking system.

When there is a $200 increase in the monetary base, banks have more excess reserves to lend out. Using the money multiplier formula, we can calculate the increase in the money supply.

The money multiplier (MM) is 1 divided by the reserve ratio (RR), which in this case is 1/0.1, resulting in a MM of 10.

Now, to find the increase in the quantity of money, we multiply the MM by the increase in the monetary base. So, 10 x $200 = $2,000.

Learn more about banking system at

https://brainly.com/question/17277113

#SPJ11

FILL IN THE BLANK ____ provide(s) important guidelines for employees on how to act in different situations.

Answers

Company policies provide important guidelines for employees on how to act in different situations.

A company's policies and procedures are put in place to establish the standards of behaviour and spell out the obligations of both employers and employees. Both the rights of employees and the employers' commercial interests are protected through the administration of corporate policies and procedures. Different policies and procedures set guidelines for employee behaviour, attendance, dress code, privacy, and other areas connected to the terms and circumstances of employment depending on the needs of the organisation.

A set of rules for employers and workers to follow the specified processes is known as a company policy. It is a system of regulations put in place to protect both employee rights and the employer's commercial interests. Based on the organisational structure of the firm, a company policy is created. It is used to manage various aspects of an organisation, including the company culture, dress code, health, safety, communication, personal use of mobile phones, tea and lunch breaks, smoking restrictions, harassment policies, internet policies, client communication, employee accountability, warnings, leaves, attendance, timing, security, subpar performance, dishonesty, salary date, and expenses, among other things.

Visit here to learn more about company's policies  : https://brainly.com/question/29384166
#SPJ11

all of the following are goals of human resource management excepta.finding the right people for the job.b.managing talent so people achieve their potential.c.maintaining an effective workforce.d.turning over an effective workforce.e.both attracting an effective workforce and maintaining an effective workforce.

Answers

Human resource management aims to find the right people for the job, manage talent so people can achieve their potential, attract and maintain an effective workforce, and maintain an efficient workforce. The answer to your question is option D: turning over an effective workforce.

However, turning over an effective workforce is not one of the goals of human resource management. In fact, one of the primary objectives of HR management is to retain employees, reduce turnover, and increase employee satisfaction.

Organizations spend significant time and resources to ensure their employees are happy, engaged, and productive, and turning over an effective workforce would defeat this purpose.

Ultimately, the goal of human resource management is to support the organization's goals by building and maintaining a strong, motivated, and effective workforce.

To know more about Human resource ,refer to the link:

https://brainly.com/question/13190588#

#SPJ11

Other Questions
consider the curve given by the parametric equations a.) determine the point on the curve where the tangent is horizontal. 2sqrt(3) b.) determine the points , where the tangent is vertical and . 0 You are standing at x = 0 m, listening to a sound that is emitted at frequency f0. The graph of the figure shows the frequency you hear during a 4-second interval. Which of the following describes the sound source?a) It moves from left to right and passes you at t = 2 s.b) It moves from right to left and passes you at t = 2 s.c) It moves toward you but doesn't reach you. It then reverses direction at t=2sd) It moves away from you until t = 2 s. It then reverses direction and moves toward you but doesn't reach you. Using the thermodynamic information in the ALEKS Data tab, calculate the standard reaction free energy of the following chemical reaction: 4PC1, (g) + P4 (8)+601, (g) Round your answer to zero decimal places. on earth, when a box slides across a horizontal board, the board exerts a frictional force of magnitude f0 on the box. the board and the box are moved to a planet with twice the radius but one-third the mass of earth. When the box slides across the board, the frictional force exerted by the board on the box is now A.1/12 F0B.1/6 F0C.2/3 F0D.F0 PLEASE AWNSER! everyone else keeps getting it wrong!Why were factories a good source of income? Select all that apply.Labor unions helped to establish good working conditions.They employed women and children at disgracefully low wages.They produce goods at an exceptionally fast pace.They often employed low wage earners.They helped build a sense of community among workers. the code segment compares pairs of list elements, setting containsduplicates to true if any two elements are found to be equal in value. which of the following best describes the behavior of how pairs of elements are compared? 361 is rational/ irrational Whose authority was it to establish courts? Steve owns a bike shop. He wants to increase the number of bikes he sells each month, so he knows he needs to acquire more resources. Which of the following actions would represent an increase in the human capital resource at his bike shop?increasing the number of shop employees A population of plants absorbs necessary nutrients from the soil. Thenutrients are not recycled into the soil after the plants die. Which statementbest describes how a graph of the plant population would look over time?OA. The graph would show exponential growth until the populationlevels off and stabilizes.OB. The graph would show logistic growth and then exponentialgrowth after plant death occurs.OC. The graph would show exponential decline until the populationlevels off.D. The graph would show logistic growth until the population sharplydecreases. Casey has 5 shirts, 3 skirts, and 2 blazers. Make a tree diagram, of any possible outfits that Casey can make. Find the solution to the linearization around zero of the systemx' = -6x - y - x2, y' =16x - 6y - 2xy3with initial conditions x(0)= -0.3 and y(0)= 1.x=y=Complete the following two statements:The critical point (0,0) isA. unstableB. stableC. asymptotically stableand is a(n)A. saddle pointB. spiral pointC. proper nodeD. improper nodeE. center {{c1::Cultural capital}} is the set of non-monetary factors that contribute to {{c1::social mobility}}, e.g. the ability to fit into a social context. What is the meaning of 'directly proportional'? Please need this today Read the following excerpt from Patrick Henry's speech and identify what figure ofspeech it is,"Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery?Forbid it"1.Hypophora2.Parallelism3.Repetition 24. le taille-crayon25. la trousse26. la chemise27. le sac dos28. la calculatrice29. la gomme30. l'ordinateur31. l'cran32. l'afficheRewrite these in english! You need to accumulate $100,000 at the end of 7 years to fund your child's education. Your investment rate of return is 10 percent. If you have $20,000 in your Savings account, how much additional money will you need to set aside per year to fund your child's education? CPI fails to accurately reflect the cost of living because A. Consumers often buy at discount rather than retail B. The Index does not take into account the introduction of new goods and services C. The CPI includes only domestically produced goods D. Households choose comfortable shopping venues Hawa models a can of ground coffee as a right cylinder. She measures its radius as 3/4 in and its volume as 8 cubic inches. Find the height of the can in inches. Round your answer to the nearest tenth if necessary Partly as a response to concerns expressed by environmentally conscious consumers, Unilever has introduced its sustainable Living Brands of greener products. Through product development, sourcing through a sustainability lens and manufacturing efficiencies, opportunities for innovation have opened up for Unilever.The greener product is an example of Unilevers corporate level strategy for _______ growth.Select one:a.internalb.externalc.responsived.innovative