Answer:
Economists use economic models to study particular aspects of economic reality. To do so, they develop a simplified model of reality in which only a few variables are included, and everything else is held constant or ignored.
Explanation:
For example, the most famous economic model is the model of supply and demand, which is used to analyze how consumers and producers interact in the market for a good or service, and how this interaction determines the price.
As we can see, in this economic model of supply and demand, many other things like social class or history are left aside, and only a few variables are included.
The concept of the diffusion of innovation shows how a product "diffuses" or spreads through the population over time. The consumer population is divided into five categories of product adopters based on when they adopt (i.e., first buy) a new product. Each product adopter category has a unique profile. Consumers who are venturesome, highly educated, and use multiple information sources are called __________ product adopters.
Answer:
Innovators
Explanation:
the five categories of product adopters are innovators, early adopters, early majority, late majority, and laggards.
Innovators are attracted to new ideas and technology. they take more risk and they are venturesome
early adopters create trends and when making choice about which technology to adopt they are concerned about peoples opinions.
Early majority choose a technology only if it useful to them
late majority share some characteristics with early majority but they are usually more cautious
laggards adopt new technology only when they have to or being forced
During the current year, the Finn Foundation, a nongovernmental not‐for‐profit organization, received a $1,000,000 permanent endowment from Chris. Chris stipulated that the income must be used to provide recreational activities for the elderly. The endowment reported income of $80,000 in the current year, and it was spent on recreational activities for the elderly. The foundation has adopted a policy to recognize donor‐restricted contributions whose restrictions are met in the same reporting period as contributions without a donor restriction. What amount of contribution revenue with donor restriction should Finn report at the end of the current year?
Answer: $1,000,000
Explanation:
We are informed from the question that in the current year, the Finn Foundation, a nongovernmental not‐for‐profit organization, received a $1,000,000 permanent endowment from Chris.
We are further told that the endowment reported income of $80,000 in the current year, and it was spent on recreational activities for the elderly.
The amount of contribution revenue with donor restriction that Finn should report at the end of the current year should be the $1,000,000 gotten from Chris.
Quarry Corp. has the following costs related to a mine it acquired this year. Cost of land and natural resource rights $200,000 Asset retirement obligation to restore land 50,000 Costs of extraction during year 1 35,000 Equipment used for mining 100,000 Exploration and drilling costs to prepare quarry for extraction 40,000 What amount should be included as an asset for natural resources
Answer:
$375,000
Explanation:
The computation of the amount included in the natural resource is shown below:
= Cost of land & natural resource rights + cost of extraction during year + equipment used for mining + exploration & drilling cost
= $200,000 + $35,000 + $100,000 + $40,000
= $375,000
Hence, all the cost is inlcuded for natural resource except asset retirement obligation for restoring the land as this is not relevant so we ignored it
A major reason outsourcing is effective is that: Group of answer choices it increases the innovative potential of the firm. few firms possess superior capability in all primary and support activities. competitors do not have access to the same external sources. it permits unlimited access to capital resources.
The correct answer is B. Few firms possess superior capability in all primary and support activities.
Explanation:
Outsourcing is a business strategy that involves delegating certain activities or functions to other firms or companies by hiring these. This strategy improves efficiency and might guarantee both primary and support activities are completed correctly. This is one of the major reasons that motivate firms to implement outsourcing because fulfilling all responsibilities requires a lot of resources, personnel, coordination, etc. only a few firms possess, which makes delegation to other companies or outsourcing beneficial.
You are a marketing research consultant hired to organize focus groups for an innovative german-style fast food restaurant. What kind of people would you elect to participate in focus groups? What screening criteria would you use? What questions would you ask?
Explanation:
A focus group can be defined as a qualitative marketing research method where some people with common characteristics are brought together in a group who are guided by a trainer to promote discussions on a particular topic of interest and gather information to assist in decision making.
To organize focus groups for an innovative German-style fast food restaurant, you could separate 3 groups, the first being ages 18 to 30, the second 30-45 and the third group 45 and above.
The screening criteria could be, sources of income, profession, sex, taste for food, hobbies, etc.
The questions to ask could be related to the number of times a week people eat fast food, what is your favorite German food, how much are you willing to pay for the options offered in the restaurant, what elements do you consider most attractive in a restaurant ,etc.
Sehun (1986) finds that the practice of monitoring insider trade disclosures, and trading on that information, would be Group of answer choices extremely profitable for short-term traders. extremely profitable for long-term traders. not sufficiently profitable to cover trading costs. marginally profitable for short-term traders. marginally profitable for long-term traders.
Answer:
not sufficiently profitable to cover trading costs.
Explanation:
Hasan Nejat Seyhun, a professor of Finance, in 1986, in his research study titled "Insiders' profits, costs of trading, and market efficiency" investigates the unusual findings of the previous insider trading studies, that suggests that, any investor can earn abnormal profits by reading the Official Summary.
Hence, he concluded that, that the practice of monitoring insider trade disclosures, and trading on that information, would be not sufficiently profitable to cover trading costs.
Frames, Inc. manufactures large wooden picture frames. Each frame requires $19 of direct materials and $40 of direct labor. Variable manufacturing overhead cost is $9 per frame produced, and variable selling and administrative expense is $13 per frame sold. The company produces 5,000 units each month and total fixed manufacturing overhead cost per month is $15,000. The unit product cost of each frame using variable costing is
Answer:
$68 per unit
Explanation:
The computation of the unit product cost of each frame using the variable costing is shown below:
= Direct material cost per unit + direct labor cost per unit + variable manufacturing overhead cost per unit
= $19 + $40 + $9
= $68 per unit
We simply added the above three cost so that the unit product cost could come
Why may a hotel charge high prices for wine,soft drinks or bottled water and quite reasonable prices for food and still get away with such high prices
Answer:
The prices of wine,soft drinks or bottled water are high because these items have an inelastic demand. People can't refuse to drink water because it's price is high. Water is needed for survival.
Demand is inelastic if a change in price has little or no effect on quantity demanded.
Prices for food is reasonable because demand is elastic. If prices are too high, the Quanitity demanded would fall.
I hope my answer helps you
Explanation:
If you invest $1,000 at 12% interest, how much money will be in the account after two years, compounded annually? $1,240 $1,120 $1,254.40 $1,300
Answer:
FV= $1,254.4
Explanation:
Giving the following information:
Initial investment= $1,000
Number fo years= 2
i= 12% compunded annually
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
PV= present value
FV= 1,000*(1.12^2)
FV= $1,254.4
Clampett, Inc. has been an S corporation since its inception. On July 15, 2019, Clampett, Inc. distributed $50,000 to J. D. His basis in his Clampett, Inc. stock on January 1, 2019, was $30,000. For 2019, J. D. was allocated $10,000 of ordinary income from Clampett, Inc. and no separately stated items. What is the amount of income J. D. recognizes related to Clampett, Inc. in 2019?
Answer:
$20,000
Explanation:
Distribution basis = $50,000
Stock basis = $30,000
Ordinary income = $10,000
To compute capital gain tax,
Capital gain = Distribution basis -Stock basis - Ordinary income
= $50,000 - $30,000 - $10,000
= $10,000
To compute J.D income related to Clampett;
= Ordinary income + Capital gain
= $10,000 + $10,000
= $20,000
Justin, a real estate salesperson with City Brokerage, received a referral fee after referring a client to Mark, another real estate salesperson with City Brokerage. Who ultimately pays Justin his referral fee...?
Answer: Justin's sponsoring broker
Explanation:
From the question, we are informed that Justin, a real estate salesperson with City Brokerage, received a referral fee when he refered a client to Mark, who is another real estate salesperson with City Brokerage.
The person to pay Justin his referral fee will be Justin's sponsoring broker. It should be noted that when another agents gets a referral from an agent, the sponsoring broker is the one who gives the referral fee to the referring agent.
Langstraat was seventeen when he purchased a motorcycle. When applying for insurance, he signed a "Notice of Rejection," declining to purchase uninsured motorist coverage. He was involved in an accident with an uninsured motorist and sought to disaffirm his rejection of the uninsured motorist coverage on the basis of infancy. May he do so?
Answer:
No, Langstraat cannot disaffirm his rejection for the uninsured motorist coverage. Since Langstraat is a minor, he can legally disaffirm a contract, but by doing so, he will disaffirm the entire contract, not just one or two previsions of his choice.
In this specific case, Langstraat can disaffirm the whole insurance policy contract, but he cannot disaffirm only one clause. If he chooses to disaffirm the whole policy, the result will be the same, he will not have coverage.
January 1, 2021, Smith Co. purchased common stock of North Company for $500,000. North Company has common stock outstanding of $10 million. Smith owns 5% of the outstanding stock of North. On December 31, 2021, the investment in North Company has a fair value of $505,000. On January 1, 2022, Smith sells the investment in North Company for $505,000. What journal entry is required to record the sale
Answer:
Fair Value adjustment $5,000 Dr.
Unrealized holding gain-net income $5,000 Cr.
Explanation:
Common stock purchase price = $500,000
North company outstanding stock = $10,000,000
5% stock of outstanding stock purchased :
(5/100) * $10,000,000
0.05 * 10,000,000
= $500,000
Fair value of investment = $505,000
Adjustment in fair value = $505,000 - $500,000 = $5000 ( Debit)
Unrealized holding gain-net income = $505,000 - $500,000 ( Credit)
Brandtly Industries invests a large sum of money in R&D; as a result, it retains and reinvests all of its earnings. In other words, Brandtly does not pay any dividends, and it has no plans to pay dividends in the near future. A major pension fund is interested in purchasing Brandtly's stock. The pension fund manager has estimated Brandtly's free cash flows for the next 4 years as follows: $4 million, $7 million, $11 million, and $15 million. After the fourth year, free cash flow is projected to grow at a constant 6%. Brandtly's WACC is 10%, the market value of its debt and preferred stock totals $50 million; and it has 15 million shares of common stock outstanding. Write out your answers completely. For example, 13 million should be entered as 13,000,000. What is the present value of the free cash flows projected during the next 4 years? Round your answer to the nearest cent. Do not round your
Answer:
Brandtly Industries
The present value of the free cash flows projected during the next 4 years is $27,924,000 in total, details for each year are below:
Explanation:
a) Data and Calculation of the Present Value of the Free Cash Flows:
Present Value of Projected Free Cash Flows
Free Cash Flow Discount Factor PV
Year 1: $4,000,000 0.909 $3,636,000
Year 2: $7,000,000 0.826 $5,782,000
Year 3: $11,000,000 0.751 $8,261,000
Year 4: $15,000,000 0.683 $10,245,000
Total $37,000,000 $27,924,000
b) To get the present value of the free cash flow for each year for Brandtly Industries, we discounted the free cash flow with their discount factors from the present value table at 10%, which is the weighted average cost of capital as given in the question.
The summation of the present values gives the total free cash flows projected for the next four years.
What happens to the price and the quantity bought and sold in the cocoa market if countries producing cocoa experience a drought and a new study is released demonstrating the health benefits of cocoa
Answer: Supply of cocoa will fall; Demand rises; Price increases.
Explanation:
A drought is when there is little or no rainfall in a particular area. When countries that are producing cocoa experience a drought, this will lead to a reduction in the supply of cocoa as there will be lesser cocoa available for farmers to supply.
Then, due to the new study which is released demonstrating the health benefits of cocoa, this will lead to an increase in the demand for cocoa. The demand will rise and since there's increase in demand and reduction in supply, the price will rise.
Susan works for a salary of $3,600 per month. She has federal income tax withheld at the rate of 15%, Social Security tax at the rate of 6.2%, Medicare tax at the rate of 1.45%, and health insurance premiums of $48 per month. Susan also contributes to a savings plan. Each month, 2% of her gross pay is placed in the plan.
Answer:
$2,664.68
Explanation:
Salary $3,600
Overtime $0
Gross Pay:$3,600
Required Deductions:
Federal Tax(15%*3,600) $540
Social Security Tax(6.2%*3,600) $223.2
Medicare Tax(1.45%*3,600) $52.12
Voluntary Deductions:
Health Insurance 48
Union Dues $0
Retirement $0
Savings:( 2% *3,600)72
Other:
Total Deductions:935.32
Net Pay: (3,600-935.32) $2,664.68
Therefore Susan Net pay will be $2,664.68
On January 1, Year 1, Purl Corp. purchased as a long-term investment $500,000 face amount of Shaw, Inc.’s 8% bonds for $456,200. The bonds were purchased to yield 10% interest. The bonds mature on January 1, Year 6, and pay interest annually on January 1. Purl uses the effective interest method of amortization. What amount (rounded to nearest $100) should Purl report on its December 31, Year 2, balance sheet for these held-to-maturity bonds?
Answer:
Investment in bonds $468,000
Explanation:
In this case, the journal entry to record the purchase of the bonds should be:
January 1, Year 1, bonds purchased as long term investment
Dr Investment in bonds 456,200
Cr Cash 456,200
In the balance sheet it would be reported as an asset: Investment in bonds $456,200
amortization of bond discount for first coupon = ($456,200 x 10%) - ($500,000 x 8%) = $45,620 - $40,000 = $5,620
journal entry to record first coupon payment:
January 1, Year 2, first coupon payment collected
Dr Cash 40,000
Dr Investment in bonds 5,620
Cr Interest revenue 45,620
So the investment in bonds account now has a $461,820 balance
amortization of bond discount for second coupon = ($461,820 x 10%) - ($500,000 x 8%) = $46,182 - $40,000 = $6,182
journal entry to record second coupon payment:
January 1, Year 3, second coupon payment collected
Dr Cash 40,000
Dr Investment in bonds 6,182
Cr Interest revenue 46,182
So the investment in bonds account now has a $468,002 balance
Since we are told to report the December 31, Year 2, balance, the accrued interest journal entry should be:
Dr Interest receivable 40,000
Dr Investment in bonds 6,182
Cr Interest revenue 46,182
The account balance is the same though, $468,002 rounded down to $468,000
what should I include in my short biography when applying for volunteering?
Answer:
You should include why they should choose you and your good qualities
what are the syptoms for neat freak
when you try to keep everything 100% clean
Calculate the payout ratio, earnings per share, and return on common stockholders’ equity. (Round earning per share to 2 decimal places, e.g. $2.66 and all other answers to 1 decimal place. 17.5%.) Payout ratio % Earnings per share $ Return on common stockholders’ equity %
Answer:
Payout Ratio 69.9%
Earning Per Share $0.94
Return on the Common Stockholder Equity 12.6%
Explanations:-
Monty Corp
1. Calculation for Payout Ratio
Using this formula
Payout Ratio = Dividend Declared/Net Income
Dividend Declared = $0.70 * Shares outstanding
Shares outstanding:-
Opening ($837,500/$3) =279,167
Issued on Feb 1 5310
Treasury (4900)
Purchased Treasury on March 20 (1300)
Shares outstanding 278,277
Dividend Declared = 278277 * $0.70
= $194,793.90
Net Income = $278600
Payout Ratio = $194793.90/$278600 = 69.9%
Therefore Payout Ratio will be 69.9%
2. Calculation for Earning Per Share
Using this formula
Earning Per share =(Net Income – Preference Dividend)/Avg Common Stock shares
Net Income = $2786,00
Preference Dividend = $294,000 * 6%
= $17640
Average Common Stock shares = (Beginning Shares outstanding + Ending Shares outstanding)/2
Beginning Shares outstanding = 279,167 – 4,900 = 274,267
Ending Shares outstanding = 278,277
Average = (274,267 + 278,277)/2 = 276,272
Earning Per Share= ($278,600 - $17,640)/276,272 = $0.94
Therefore Earning per share will be $0.94
3. Calculation for Return on Common Stockholders Equity
Using this formula
Return on Common Stockholder Equity =
(Net Income – Preference Dividend)/Avg Common Stockholder Equity
Average Common Stockholder Equity = (Beginning Stockholder Equity + Ending Stockholder Equity)/2
Beginning Stockholder Equity will be:
Beginning common stock $837,500
Beginning Paid-in Capital in Excess of Stated Value on Common Stock $536,000
Beginning Retained Earnings $695,000
Treasury Stock($39,200)
Beginning Stockholder Equity $2,029,300
Ending Stockholder Equity will be:
Ending common stock ($837,500 + [5,310*$3])
=$853,430
Ending Paid-in Capital in Excess of Stated Value on Common Stock ($536,000 + [5,310 * $4]) =$557,240
Ending Retained Earnings $761,166.10
Treasury Stock ($39,200 + [1300 * $9])
=($50900)
Beginning Stockholder Equity$2,120,936.10
Calculation for Ending Retained Earnings
Using this formula
Ending Retained Earnings = Beginning Retained Earnings + Net Income – Dividend on common & Preferred stock
= $695, 000 + $278,600 – ($194,793.90 + $17,640)
= $761,166.10
Average Common Stockholder Equity = ($2,029,300 + $2,120,936.10)/2 = $2,075,118.05
Return on Common Stockholder Equity = ($278,600 - $176,40)/$2,075,118.05
Return on Common Stockholder Equity = 12.6%
Therefore the Payout Ratio is 69.9%
Earning Per Share is $0.94
Return on Common Stockholder Equity is 12.6%
Answer 1:
The Calculation for Payout Ratio
Formula :
Payout Ratio = Dividend Declared/Net Income
Dividend Declared = $0.70 * Shares outstanding
Shares outstanding :
Opening shares (837,500/3)$ = $279,167
Issued on Feb= $1 5310
Treasury=4900
Purchased Treasury on March 20=1300
Shares outstanding=$278,277
Dividend Declared = 278277 * $0.70 = $194,793.90
Net Income = $278600
Payout Ratio = $194793.90/$278600 = 69.9%
Thus, Payout Ratio will be 69.9%
Answer 2:
The Calculation for Earning Per Share
Formula :
Earnings Per Share (EPS) = (Net Income – Preference Dividend)/Avg Common Stock shares
Net Income = $2786,00
Preference Dividend = $294,000 * 6% = $17640
Average Common Stock shares = (Beginning Shares outstanding + Ending Shares outstanding)/2
Beginning Shares outstanding = 279,167 – 4,900 = 274,267 Ending Shares outstanding = 278,277
Average = (274,267 + 278,277)/2 = 276,272
Earning Per Share= ($278,600 - $17,640)/276,272 = $0.94
Thus, Earning per share is $0.94
Answer 3:
Calculation for Return on Common Stockholders Equity
Formula:
Return on Common Stockholder Equity = (Net Income – Preference Dividend)/Avg Common Stockholder Equity
Average Common Stockholder Equity = (Beginning Stockholder Equity + Ending Stockholder Equity)/2
Beginning Stockholder Equity :
Beginning common stock= $837,500
Beginning Paid-in Capital in Excess of Stated Value on Common Stock =$536,000
Beginning Retained Earnings =$695,000
Treasury Stock=$39,200Beginning Stockholder Equity= $2,029,300
Ending Stockholder Equity will be:
Ending common stock= ($837,500 + [5,310*$3]) =$853,430
Ending Paid-in Capital in Excess of Stated Value on Common Stock =($536,000 + [5,310 * $4]) =$557,240
Ending Retained Earnings =$761,166.10
Treasury Stock= $39,200 + [1300 * $9] =($50900)
Beginning Stockholder Equity=$2,120,936.10
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Bella Company purchased debt securities with a face amount of $500,000 for $480,000 and classifies them as trading securities. During the first year, the company amortized $2,000 of the associated discount. At the end of the period, the fair value is $504,000. Bella should recognize a fair value adjustment of
Answer:
$22,000
Explanation:
Given:
Face amount = $500,000
Amount paid = $480,000
Discount amount = $2,000
New Face amount = $504,000
Find:
Fair value adjustment
Computation:
Fair value adjustment = New Face amount - Amount paid - Discount amount
Fair value adjustment = $504,000 - $480,000 - $2,000
Fair value adjustment = $22,000
A. calculate the payoff and profit at expiration for the february 190 calls, if you purchase the option at the stated price and at expiration the stock price is $195.
b. calculate the payoff and profit at expiration for the february 195 puts, if you purchase the option at the stated price and at expiration the stock price is $195.
Answer:
(a) The Net Payoff: 6.75+5 = - 1.75 (b) Net payoff : 5
Note: Kindly find an attached image to the solution below
Sources: The image was researched from Course hero
Explanation:
Solution
Given that:
The call value goes higher when the underlying price increases and vice versa.
The premium value of put goes higher when underlying market decreases and vice versa.
The call value = Spot price - strike price (minimum zero)
The put value = Strike price - spot price (minimum zero
(1): Trade: Buy February Call
Now
The Strike Price: $ 190
The Call Premium paid: $ 6.75
The Stock Price on Expiry: $ 195
Value of call on expiry: $ 5
The Net Payoff: 6.75+5 = - 1.75
(2). Trade: Buy February Put
The Strike Price: $195
Put Premium: $ 5.00
Stock Price on Expiry = $ 195
Value of Put on Expiry: 0
Net payoff : 5
A university is deciding between two meal plans. One plan charges a fixed fee of $600 per semester and allows students to eat as much as they want. The other plan charges a fee based on the quantity of food consumed. Under which plan will students eat the most? Explain through economic theory.
Answer:
Students will eat the most under the fixed fee plan.
Explanation: The fixed fee plan whereby students can eat as much as they can after paying a one - time semester fee of $600 seems to provides students with a breakthrough from consumption constraint. One of the major factors which hampers the consumption rate of an individual is income. However, once there is no need to pay any additional fee aside the first payment, the issue of eveluating one's income when about to eat is expunged. The other plan seems expensive and will have a greater impact on student's income as the cost of food will increase with the number of meals taken therefore allowing student's to be more prudent in their consumption.
How has technology affected POS (point of scale) transactions? Give an example.
Answer:
The shift in technology based POS has affected the businesses largerly as it enables them to keep the record in track and in one place.
Explanation:
POS or Point of Scale is the system in a retail store where all transactions are being processed and bills are paid. Intially, the retail stores had to manage traditional book-keeping account of transactions, but development is technology has enabled to perform this task with little efforts.
Now, with the help of technology such as mobile based POS systems or even cloud based POS systems. This advancement in technology has helped the businesses to maintain the records all in one place.
An example of POS is Mobile based POS, in which a customer can scan the product on his/her phone or tablet and make the payment.
Answer:
The shift in technology based POS has affected the businesses largerly as it enables them to keep the record in track and in one place. POS or Point of Scale is the system in a retail store where all transactions are being processed and bills are paid. Intially, the retail stores had to manage traditional book-keeping account of transactions, but development is technology has enabled to perform this task with little efforts. Now, with the help of technology such as mobile based POS systems or even cloud based POS systems. This advancement in technology has helped the businesses to maintain the records all in one place. An example of POS is Mobile based POS, in which a customer can scan the product on his/her phone or tablet and make the payment.
Compared with individuals working in the private sector, public employees do not have ______. a. more stringent codes of ethical behavior b. higher levels of education c. lower standards for pay d. a greater commitment toward civic duty
Answer:
Option A. More stringent codes of ethical behavior
Option B. Higher levels of education,
and
Option D. A greater commitment toward civic duty,
Explanation:
The public employees have to adhere to stringent codes of ethical behavior because the public employees are professionals and professionals are always highly qualified personal. Their commitment towards the civic duty is high because they are obliged to act in the public interest and not act in a manner that his profession dignity gets affected. The level of experience, education, professionalism, adherence to ethical and company code, results in higher employee compensations.
Hence the Option A, B and D are correct options.
What is a stock? (Select the best answer)
Answer:
Stock is all of the shares into which ownership of the corporation is divided.
Explanation:
Answer:
a share of ownership in a corporation
Explanation:
Why were the British able to crush the revolt
Answer: they saw through their plans
A company reported that its bonds with a par value of $50,000 and a carrying value of $59,000 are retired for $62,400 cash, resulting in a loss of $3,400. the amount to be reported under cash flows from financing activities is:
Answer:
The answer is ($62,400)
Explanation:
Cash flow only deals with cash. Statement of Cash flow is one of the three Financial statements and this records ONLY the cash that is coming in and out of the business
The company coughed out $62,400 cash. This is the money that will be recorded under cash flows from financing activities and not the $59,000.
So the narration will be:
Cash for retiring bonds.......($62,400)
The state tax Patrick must pay on the initial profit is . The federal tax he must pay on the initial profit is . The inflation on the amount remaining after taxes is . As a result, the real value of Patrick’s profit is
Answer:
The state tax Patrick must pay on the initial profit is $350. The federal tax he must pay on the initial profit is $1750. The inflation on the amount remaining after taxes is $147. As a result, the real value of Patrick’s profit is $4678
Explanation:
Patrick has successfully invested in a growing tech company. Three years ago he invested $10,000 in the company through a broker. Now he has decided to sell his stock. The value of his stock is now at $17,000. Here are the taxes and fees associated with his investment: Annual brokerage fee: $25 State tax: 5% of profit Federal tax: 25% of profit Inflation rate: 1% per year The state tax Patrick must pay on the initial profit is . The federal tax he must pay on the initial profit is . The inflation on the amount remaining after taxes is . As a result, the real value of Patrick’s profit is .
Answer:
Patrick invested $10000 and after three years the value of his stock is $17000.
Profit = Value of stock - Amount invested = $17000 - $10000 = $7000
Total brokerage fee = Annual brokerage fee × number of years = $25 × 3 = $75
State tax = 5% of profit = 5% of $7000 = 0.05 × $7000 = $350
Federal tax = 25% of profit = 25% of $7000 = 0.25 × $7000 = $1750
Profit after tax = $7000 - $350 - $1750 = $4900
Inflation on the amount remaining after taxes = 1% of profit after tax × number of years = 3 years × (0.01 × $4900) = 3 × $49 = $147
Therefore the real value of profit = Profit - Total brokerage fee - state tax - federal tax - inflation = $7000 - $75 - $350 - $1750 - $147 = $4678
Answer:
The state tax Patrick must pay on the initial profit is
✔ $346.25
.
The federal tax he must pay on the initial profit is
✔ $1,731.25
.
The inflation on the amount remaining after taxes is
✔ $145.43
.
As a result, the real value of Patrick’s profit in whole dollars is
✔ $4,702
.
Explanation:
Although it was not explicitly noted in the employee handbook, Jennie was told at the start of her internship that employees are expected to dress in business casual attire each day. This dress code is a _______ of the organization. policy rule standard operating procedure contingency plan strategic goal
Answer:
Policy.
Explanation:
In this scenario, although it was not explicitly noted in the employee handbook, Jennie was told at the start of her internship that employees are expected to dress in business casual attire each day. This dress code is a policy of the organization.
Policy can be defined as a set of idea, rules, guidelines or plan which determines the principles or course of action of an organization. The main purpose of the policy being defined in an organization is to provide rational values or outcomes and to guide the decisions of the employees working in an organization.
The dress code of employees is an example of an organization policy.
An organization policy are those set of idea, rules, guidelines which serves as principles or guide the course of action of such organization
An organization policy provide rational values or outcomes at workplace.
An organization policy also guide the decisions of the employees working in an organization.
Therefore, in conclusion, the dress code of employees is an example of an organization policy.
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