Option 1: Pfizer Charges High Price
Option 2: Pfizer Charges Low Price
Generic Drug Company Enters Market: Pfizer Profit: $100 million; Generic Drug Company Profit: $25 million
Generic Drug Company Doesn't Enter Market: Pfizer Profit: $150 million; Generic Drug Company Profit: $0 million
Why do you use the term "drug patent"?Regardless of the state of a drug's approval, patents may be granted or expire at any time. If all legal prerequisites are satisfied, exclusivity is granted upon drug product approval. When compared to other medications, some have just one or no exclusivity or patent protection.
How many years does a drug's patent last?The USPTO typically grants a patent 3.4 years after a conventional medication application is submitted and 4.4 years after a biologic application is submitted in the majority of cases. In accordance with the law, a pharmaceutical patent's granting covers 20 years of protection starting from the day the patent application was made.
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which of the following statements about today's job market and job search is most accurate? a. technology has become an integral part of the job-search process. b. today's employment process emphasizes the needs of the applicant. c. most résumés are first read by screening committees. d. employees can expect to remain in the same job throughout their careers.
The correct option is: a. technology has become an integral part of the job-search process.
The job-search process may be a daunting affair. It takes a lot of time to complete each phase of the process, from looking for appropriate possibilities to conducting interviews. A well-organized to-do list, though, can help you stay on course.
1. Begin with your frame of mind.
Your mentality is where job searching starts. You can approach the process with resilience if you have the correct mindset.
2. Establish search criteria.
Don't just apply for any job you come across. List the roles you're interested in, then begin your search.
3. Recognize your specialty.
You may approach your job hunt with up-to-date knowledge if you conduct an industry study. Discover the educational prerequisites, amount of expertise, and duties related to your preferred positions.
4. Recognize your value.
In a year, how much money do you hope to make? It's critical to understand whether your expectations match the current work market.
You want your stellar LinkedIn profile to stand out to employers. Recruiters scan your page for the following things as they do so:
5. Go through your social media profiles.
You want your stellar LinkedIn profile to stand out to employers. Recruiters scan your page for the following things as they do so:
Your about page and headline serve as your public face.
A captivating picture and cover photo are also important. Write a brief message or use a neutral cover image.
Experience at work in detail. Highlight your accomplishments from prior employment by providing data and your influence.
Certificates.
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nineteen thousand two hundred and fifity pounds of material were purchased at a cost of $1.70 per pound. all of the material purchased was used to produce 2,500 units of zoom. 400 hours of direct labor time were recorded at a total labor cost of $5,200.
Total labor cost of= $ 1.925 f
Standard (2,500)
Actuals (2,500)
materials
17,750
quantity
(7.10 *2,500)
19,250
price
$ 1.80
$1.70
Labour
500
hours
(0.20 *2500)
400
rate
$12.00
$13.00 (5,200/400)
1 Material price variance
= (Actual Price- Standard Price) Actual Quantity
= (1.70-1.80)* 19.250
= 0.1* 19.250
= $ 1.925 f
Total labor costs are the total cost of the hours worked by all employees, plus any associated payroll taxes and benefits. This amount is used to budget the company's financial results.
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Nineteen thousand two hundred and fifty pounds of material were purchased at a cost of $1.70 per pound. all of the material purchased was used to produce 2,500 units of zoom. 400 hours of direct labor time were recorded at a total labor cost of $5,200.
Material refers to a aspect that some thing else is comprised of. cloth can also talk over with material or can be used to describe something this is made from depend and exists in the physical world. cloth has many other senses as a noun and an adjective.
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suppose a borrower takes out a $500,000 fully-amortizing, thirty (30) year mortgage with a fixed annual interest rate of 5.25%. in addition to monthly payments of principal and interest, the lender will also require the borrower to escrow taxes and insurance by making escrow payments of $750 each month. what is the amount of the borrower's total monthly payment to the lender?
$3,511 is the monthly payment.
An agreement known as a mortgage between a borrower and a lender grants the lender the right to seize the borrower's property in the event that the borrower is unable to repay the loan amount plus interest.
In the given question,
Loan amount = $500,000
Monthly Payments, n = 360 in 30 years
Annual Interest Rate = 5.25%
Monthly Interest rate, i = 5.25%/12 = 0.4375%
Escrow = $750
We know that,
Loan amount = Monthly Payment x [tex]\frac{1-(1 + i )^{-n} }{i}[/tex]
500,000 = Monthly Payment x [tex]\frac{1-(1 + 0.004375 )^{-360} }{0.004375}[/tex]
500,000 = Monthly Payment x 181.0925925
Monthly Payment = $2,761.02
Since, there is an additional payment of escrow, hence,
Monthly Payment = $3,511 ($2,761 + $750)
Therefore, the borrower will pay monthly $3,511 to the lender.
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why do most companies find it necessary to have a written policy regarding electronic communication?
Employees need to be made fully aware of matters like malware, system abuse, and email etiquette.
Explain what communication is.Giving, collecting, and exchanging of information are all an element of communication, which can occur orally, in writing, by listening or reading, or through any combination of these. Effective communicators listen intently to others' viewpoints, speak or write clearly,
What is the most accurate way to define communication?Getting information through one side to another is the main goal of communication. The act of sharing, expressing, or disseminating information and ideas by writing, speaking, and gesturing is known as telecommunication, according to the Merriam-Webster Dictionary.
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the demand curve for a perfectly competitive firm is: group of answer choices relatively but not perfectly elastic. perfectly inelastic. perfectly elastic. downward-sloping.
Perfectly elastic and downward sloping is the demand curve for a perfectly competitive firm.
For what reason is the interest bend for a cutthroat firm completely flexible?
Its clients will move to purchasing substitutes from different dealers who sell at the market cost. Hence, the interest bend for an entirely flexible firm is completely versatile since when a singular firm raises the cost somewhat over the market cost, it loses every one of the clients.
Is the interest bend for a simply serious firm flexible?
The interest bend for a simply serious firm is completely flexible, however the interest bend for a simply cutthroat industry slants descending as the firm can sell the products at any cost.
Is request bend completely inelastic?
On the off chance that an interest bend is completely upward (all over) we say it is totally inelastic. In the event that the bend isn't steep, yet rather is shallow, then, at that point, the great is supposed to be "versatile" or "profoundly flexible." This implies that a little change in the cost of the kindness have an enormous change in the amount requested.
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To properly evaluate the statement of cash flows, it is important to evaluate ______.
To properly evaluate the statement of cash flows, it is important to evaluate the information provided in the statement in comparison to its corresponding financial statement, such as:
The balance sheet and income statement. The changes in cash or cash equivalents and investigate the activities that created the change. To pay close attention to cash inflows and outflows related to operating, investing, and financing activities.What is the cash flow statement?Is one of the three primary financial statements used to assess the financial health of a business. It is a summary of the cash inflows and outflows from operating, investing, and financing activities over a given period of time.
The cash flow statement provides an overview of the cash generated and spent during the period and provides an indication of a company’s liquidity.
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To make sure that the federal funds rate does not fall much below the floor set by the interest rate on excessreserves, the Federal Reserve has set up the ________ facility in which these nonbank lenders can lend to theFed and earn an interest rate that is close to the interest rate the Fed pays on excess reserves.A)Primary Dealer CreditB)reverse repoC)Term Securities LendingD)Term Auction
Option B is the correct answer. The Federal Reserve will have to set up the Reverse Repo facility in which these nonbank lenders can lend to the Fed and earn an interest rate.
In order to make sure that the federal funds rate does not fall below the floor which has been set by the interest rate on excess reserves, the Federal Reserve needs to set up the Reverse Repo facility which will let the nonbank lenders that can lend to the Fed and earn an interest rate that is close to the interest rate the Fed pays on excess reserves.
Hence, the correct answer is Option B.
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a is the price of one currency, such as the dollar, in terms of another, such as the euro. a. foreign exchange rate b. commodities exchange rate c. securities market rate d. stock exchange index
Option A is correct. An exchange fee is the price of one currency in phrases of every other currency.
Exchange rates matter to Australia's economic system due to the fact of their affect on exchange and monetary flows between Australia and the rest of the world.
What are cutting-edge trade rates?Current worldwide trade quotes are determined by a managed floating alternate rate. A managed floating change charge skill that every currency's cost is affected with the aid of the financial moves of its authorities or central bank.
What is the purpose of exchange rate?An alternate fee is the rate at which one forex can be exchanged for another between international locations or financial zones. It is used to determine the value of more than a few currencies in relation to every different and is essential in identifying change and capital float dynamics.
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https://brainly.com/question/2202418#SPJ4according to supply siders, tax cuts can raise total tax revenue if the tax cuts generate large enough:
According to the supply side, tax cuts can increase total tax revenue if they increase aggregate supply sufficiently. The traditional view of government debt is that cutting taxes without cutting government spending increases consumption in the short run but decreases it in the long run.
Supply-side economists believe that changes in tax rates will affect both aggregate supply and aggregate demand. - Tax cuts will encourage households to save more and businesses to invest more. The investment raises the level of capital and increases the productivity of workers.
Supply-side tax cuts to boost capital formation. Successful cuts change both aggregate demand and aggregate supply as the price level of commodity supply decreases, often increasing demand for that commodity.
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externalities are failures of a.consumers to make rational tradeoffs. b.the market to correctly price resources. c.firms to make rational tradeoffs. d.firms and consumers to make rational tradeoffs.
Externalities are failures of firms and consumers to make rational tradeoffs.
A client is someone or a set who intends to order, or uses purchased goods, products, or services broadly speaking for private, social, own family, family and similar desires, who isn't always without delay related to entrepreneurial or enterprise activities. The time period most generally refers to someone who purchases items and services for private use. “purchasers, by definition, include us all," said President John F. Kennedy, providing his definition to the usa Congress on March 15, 1962. This speech have become the basis for the creation of world patron Rights Day, now celebrated on March 15. In his speech : John Fitzgerald Kennedy outlined the indispensable duty to customers from their respective governments to assist workout consumers' rights, such as.
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question content area entries for issuing bonds and amortizing discount by straight-line method on the first day of its fiscal year, chin company issued $21,300,000 of 5-year, 10% bonds to finance its operations of producing and selling home improvement products. interest is payable semiannually. the bonds were issued at a market (effective) interest rate of 12%, resulting in chin receiving cash of $19,732,203. question content area a. journalize the entries to record the following: issuance of the bonds. first semiannual interest payment. the bond discount is combined with the semiannual interest payment. (round your answer to the nearest dollar.) second semiannual interest payment. the bond discount is combined with the semiannual interest payment. (round your answer to the nearest dollar.)
The journalize entries to record the issuance of the bonds.
A bond is a financial industry term or entity that describes a form of bond specified in a contract or legal contract. In finance, a bond is a type of security in which the issuer owes the holder an obligation that, depending on the terms and conditions, requires the principal of the bond and interest for a specified period to be repaid on maturity.
Transaction General Journal Debit Credit
1 Cash $ 14,376,255
Discount on Bands Payable $ 623,745
Bonds Payable $ 15,000,000
( To record bonds issue)
2 Interest Expense $ 512,375
Discount on Bonds Payable [(15000000-14376255)/10] $ 62,375
Cash [15000000*6%*6/12] $ 450,000
( To record interest expense paid)
3 Interest Expense $ 512,375
Discount on Bonds Payable $ 62,375
Cash $ 450,000
( To record interest expense paid)
Requirement b:
Interest expense for the first year [512375*2] $ 1,024,749
Requirement c:
The market rate of interest is greater than the contract rate of interest therefore investors are not willing to pay the full face amount of the bonds.
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A customer purchased 100 shares of ghi common stock two years ago for $20 per share. After a year, they sell the shares for $23 per share. Over the past two years, ghi has paid a $0. 25 quarterly dividend. What is the total return?
The total return on the shares, given the amount the shares were purchased for and the dividends, is 20 %
How to find the total return ?The total return on the stock can be found by the formula :
= ( Capital gain + Dividends ) / Buying price of the stock
Capital gain :
= (Selling price of stock - Buying price ) x number of shares
= (23 - 20) x 100
= $ 300
The dividends are :
= Number of stock x dividends x number of times dividends paid
= 100 x 0. 25 x 4
= $ 100
Total return is :
= (300 + 100 ) / 2, 000
= 20 %
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a company has earnings per share of $8.70. its dividend per share is $1.50 and its market price per share is $100.92. its price-earnings ratio equals:
The price-earnings ratio of the company is 11.60.
What is the price-earnings ratio?The price to earning ratio is a financial metric used to value a company. It is the ratio of the price of a stock to the earnings of the stock. The higher the metric is, the higher the value of the firm
Price to earning ratio (P / E) = market value per share / earnings
Price to earning ratio (P / E) = $100.92 / $8.70
Price to earning ratio (P / E) = 11.60
Types of P/E ratio
1. trailing p/e - it is calculated by dividing current share price by the earnings per share for the past 12 months
2. forward p/e - it is calculated by dividing current share price by the estimated per share earnings for the next 12 months
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The price - earnings ratio for the company, given the earnings per share and the market price per share, is 11 . 6
How to find the price - earnings ratio?The price to earnings ratio shows the comparison between the earnings made per share and the price of each share.
The formula for the price to earnings ratio is :
= Earnings per share / Market price per share
Earnings per share = $ 8. 70
Market price per share = $ 100. 92
The price to earnings ratio is:
= 100. 92 / 8. 70
= 11 . 6
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matt and eric are young men. each has a good credit history. they work at the same company and make approximately the same salary. matt has borrowed $6000 to take a foreign vacation. eric has borrowed $6000 to buy a car. who is likely to pay the lowest finance charge?
Eric will pay less because the car is collateral for the loan.
collateralIn the financial sector, collateral is a valuable asset that a borrower promises as security for a loan. When a homebuyer secures a mortgage, the home acts as the loan's collateral. The automobile serves as security for a car loan. A company that secures bank funding may use valuable equipment or real estate owned by the company as collateral for the loan. A collateral-secured loan has a lower interest rate than an unsecured loan. In the case of a default, the lender may take and sell the collateral to recuperate the loss.
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in the following table, determine how each event affects the position of the long-run aggregate supply (lras) curve. direction of lras curve shift many workers leave to pursue more lucrative careers in foreign economies. a scientific breakthrough significantly increases food production per acre of farmland. a government-sponsored training program increases the skill level of the workforce.
In the following table, determine how each event affects the position of the long-run aggregate supply (lras) curve. Right lefy right.
Aggregate supply or domestic final deliver is the total supply of products and services that firms in a country wide economic system plan on selling at some stage in a selected time period. it's far the entire quantity of goods and services that corporations are willing and capable of promote at a given rate level in an financial system.
Aggregate supply is the whole quantity of output firms will produce and promote—in other phrases, the real GDP. The upward-sloping combination deliver curve—additionally called the fast run combination deliver curve—suggests the high quality dating between rate level and real GDP inside the short run.
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what types of metrics measure customer satisfaction? multiple choice efficiency mis metrics effectiveness mis metrics both efficiency and effectiveness mis metrics both roi and market share
The t types of metrics that measure customer satisfaction is: effectiveness MIS metrics.
What is customer statisfaction?
Customers satisfaction can be defined as the satisfaction that a customer derived from the use of a product based on the fact that product meet their need.
MIS Effectiveness metrics perform an important roles as it help to determine the way in which MIS impact a business or the effect that MIS has on a business operation.
Therefore the correct option is effectiveness MIS metrics.
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to create an effective imc program, marketers need to move consumers through a series of mental stages for which there are several models, the most common being the
Marketers must move customers through a series of mental stages in order to create an effective IMC program. There are several models for these stages, the AIDA model being the most widely used.
What is the AIDA communication model for marketing?Attention, Interest, Desire, and Action (AIDA) are the stages. Your content should ideally do all four of these things during these four stages: draw attention to your brand, pique people's interest in your product or service, pique their desire for it, and compel them to try or buy it.
What role does AIDA play in marketing?The primary benefit of the AIDA model is its effortlessness. The model's straightforward design makes it timeless, making it suitable for use today. For instance, the AIDA model can be used as a checklist to identify potential flaws by marketers who want to improve their brand's online presence.
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Answer: It is the AIDA model.
Mary is an interior designer who specializes in very expensive rugs for upscale homes. Sometimes the rugs will run close to a million dollars apiece. Mary is very careful about not making mistakes when she recommends a carpet, otherwise she could lose her position as a ________.
a. market maven
b. opinion leader
c. mass media specialist
d. surrogate consumer
Mary is very careful about not making mistakes when she recommends a carpet, otherwise, she could lose her position as a market maven.
Maven is a build automation device used usually for Java projects. Maven can also be used to construct and manage initiatives written in C#, Ruby, Scala, and different languages. The Maven assignment is hosted via the Apache software foundation, wherein it turned into formerly part of the Jakarta project. Maven addresses two aspects of constructing a software program: how software is built and its dependencies.
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in a given average beta portfolio, replacing an existing investment with a higher beta investment will lead to
In a given average beta portfolio, replacing an existing investment with a higher beta investment will lead to a decrease in the required rate of return of the portfolio.
Funding is the determination of money to purchase of an asset to gain an boom in cost over a period of time. funding calls for a sacrifice of some gift asset, including time, money, or attempt. In finance, the reason of making an investment is to generate a go back from the invested asset.
An investment includes placing capital to apply today so that it will increase its price over the years. An funding requires putting capital to work, inside the form of time, money, effort, and so forth., in hopes of a extra payoff in the destiny than what was initially installed.
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when you use jobs theory to develop a timeline of events, where does that timeline start? the first time a potential employee hears about your company. the first time a potential customer realizes they have a need. the day your company was founded. the day you were hired into your current role.
The idea that people buy goods and services to do a "job" is the foundation of the theory. Further, according to Jobs Theory, businesses are much more likely to develop and market solutions that will win in the market if they know exactly what that "job" entails.
How does jobs theory provide a definitional framework?The inputs needed to make innovation predictable can be categorized, defined, captured, and organized within Jobs Theory's framework. Imagine if all of your company's developers, marketers, strategists, and R&D managers had the same understanding of what a need is and which customer needs are unmet.
Where did the theory of Job come from?Anthony Ulwick had a lightbulb moment while sitting in a Six Sigma process improvement meeting when he realized that businesses should be studying the "outcome" people are trying to achieve when using a product rather than making changes to the product itself.
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liability coverage includes two very important aspects of your vehicle insurance policy: and . a) bodily injury and personal property b) personal injury protection and collision c) comprehensive and uninsured motorist d) collisi
Liability coverage encompasses two critical aspects of your vehicle insurance policy: bodily injury and personal property damage. Thus, the correct choice is (a) bodily injury and personal property.
What is Liability coverage?If you cause an accident or someone is hurt on your property, you may be held legally responsible for the following expenditures, such as medical or legal fees. Liability coverage may shield you from these sorts of charges, which is why it's important to understand the liability coverage provided by your insurance products. Liability insurance is a component of the general insurance system of risk finance that protects the purchaser from the risks of liabilities imposed by lawsuits and similar claims, as well as the insured if the purchaser is sued for claims covered by the insurance policy.
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Match the straight-line depreciation term to the respective definition.
1. Cost
2. Depreciation Expense for the Year
3. Residual Value
4. Useful Life
A. The amount paid for the asset.
B. The asset's estimated usefulness in years.
C. The salvage value of the asset at the end of its useful life.
D. The cost less residual value of an asset allocation equally over its useful life.
The straight-line depreciation term to the respective definition is: -
1. = A.
2. = D.
3. = C.
4. = B.
Residual value is one of the constituents of a leasing calculus or operation. It describes the destiny value of a great in terms of absolute value in monetary terms and it's far now and again abbreviated right into a percent of the preliminary rate whilst the object became new.
example: A automobile is bought at a list charge of $20,000 nowadays. After the utilization of 36 months and 50,000 miles, its cost is contractually defined as $10,000 or 50%. The credited quantity, on which the hobby is implemented, as a consequence is a $20,000 present fee minus the present price of $10,000 destiny value.
Residual values are contractually treated both in phrases of closed contracts or open contracts.
In accounting, the residual fee is another call for a salvage fee, the closing price of an asset after it has been absolutely depreciated, or after deteriorating beyond similar use.
The residual price derives its calculation from a base price, calculated after depreciation.
Residual values have calculated the usage of a range of factors, commonly a car's market value for the time period and mileage required is the starting point for the calculation, observed by seasonality, monthly adjustment, lifecycle, and disposal overall performance. The leasing company putting the residual values (RVs) will use their personal historical information to insert the adjustment factors in the calculation to set the give-up cost being the residual fee.
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uptown cheapskate, the company profiled in the opening feature of chapter 15, was started by chelsea and scott sloan. according to the feature, chelsea and scott decided to grow uptown cheapskate via franchising because they wanted to . grow quickly without making a huge investment in real estate capture the prestige of being a franchise organization maintain maximum control of their business while at the same time maximizing profits grow quickly while at the same time maintaining maximum control of their business grow slowly while at the same time maximizing profits
Answer:
grow quickly without making a huge investment in real estate
Explanation:
Since uptown cheapskate, the company profiled in the opening feature of chapter 15, according to the feature, Chelsea and Scott decided to grow uptown cheapskate via franchising because they wanted option A) grow quickly without making a huge investment in real estate.
Which real estate tactic is the most profitable?Real estate appreciation—an increase in the property's value that is recognized when you sell—is the most typical technique to make money in the industry. The main factors influencing the value of residential and commercial real estate are location, development, and upgrades.
Therefore, In the marketing and distribution practice of franchising, the owner of a business system (the franchisor) offers a person or group of people (the franchisee) the right to operate a company that sells goods or renders services utilizing the franchisor's business system.
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in addition to providing service employees with emotional and instrumental support, management should offer the sta
Management should provide the personnel prizes and incentives that reward them for providing good service in addition to providing them with emotional and practical assistance.
Customers' demands and requirements must be understood and translated into real-time by service personnel. Organizations can start to close the service performance gap by focusing on the crucial role of service employees and developing strategies that result in effective customer-oriented service.
Gifts, money, service award presents, and gifts like gift cards are examples of reward incentives. Another illustration is the employee referral bonuses that some businesses utilize to motivate staff to recommend job prospects.
Extrinsic and intrinsic incentives both serve as universal motivators of behavior. The internal motivation that stems from a person's interest in or enjoyment of the activity itself is known as intrinsic motivation.
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question content area an example of a period cost is a.property taxes on plant facilities b.indirect materials
The content area is an example of an Advertising Expense.
Advertising is a marketing tactic that pays for space to promote a product, service, or thing. The actual advertising message is called an ad, or ad for short. The goal of advertising is to reach the people most willing to pay for a company's products and services and get them to buy them.
Advertising is paid to advertise of products, services, or ideas intended to influence one or more people. It takes place in multiple media including print, radio, television, and digital media. The main purpose of advertising is to persuade someone to buy a project or take action.
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the initial efforts to commercialize a self-driving car were started by ibm in the 1980s. group of answer choices true false
The initial efforts to commercialize a self-driving car were started by IBM in the 1980s false.
Which business has led the way in implementing driverless cars?The first self-driving car was developed by Norman Bel Geddes at GM's 1939 exhibit and was an electric vehicle that was propelled by electromagnetic fields produced by magnetized metal spikes buried in the road and controlled by radio. This idea becoming a reality thanks to General Motors by 1958.
A self-driving car would require the cooperation of which two engineers?An engineer specializing in the upkeep of the hardware and software for the essential elements of intelligent drive systems is known as a controls and drives engineer (e.g. actuators and sensors) An engineer working with the hardware and software of sensor systems is a sensor system engineer (e.g. lidar, radar, cameras).
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When a u. S. Company makes a $200,000 donation to the international red cross to help the victims of an earthquake in india, the transaction is recorded in the.
This kind of transaction will be recorded in the current account.
- Businesspeople that conduct more frequent, routine banking activities open current bank accounts. Included are counter transactions, withdrawals, and deposits. Demand Deposit Account is yet another name for it. Both cooperative banks and commercial banks allow current account opening.
- The current account, which tracks a country's income and outlays abroad, is made up of the trade balance, net primary income, also known as factor income (earnings on foreign investments minus payments to foreign investors), and net unilateral transfers that have occurred over a specific time period.
- One of the two key indicators of a country's overseas commerce is the current account balance (the other being the net capital outflow). If a country has a current account surplus or deficit, it means that its net foreign assets (assets minus obligations) increased in value during the relevant time period.
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which of the following statements is correct? a. both tax avoidance and tax evasion are legal. b. tax avoidance is legal, whereas tax evasion is illegal. c. both tax avoidance and tax evasion are illegal. d. tax avoidance is illegal, whereas tax evasion is legal.
b. Tax avoidance is legal, whereas Tax evasion is illegal is correct option.
Tax avoidance is the practice of using lawful techniques to reduce the amount of income taxes that any person or organization must pay. But when it comes to tax evasion, it's seen as a prohibited method of avoiding paying taxes or paying less than necessary by failing to disclose income.
In Tax evasion people may fail to report revenue they receive from criminal activities like gambling and selling stolen goods. Other times, they fail to disclose all of the tax they receive or the money they make from legitimate jobs like yard work, babysitting, tutoring, and garage sales. Such profitable endeavours are a component of the shadow economy, which exempts people from paying taxes.
Tax avoidance, on the other hand, is completely lawful. According to IRS regulations, qualifying taxpayers may claim a number of deductions, credits, and income adjustments. Some homeowners, for instance, are able to deduct the interest they pay on their mortgage. Working parents might qualify for a credit for child care costs.
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the amount of cash a company maintains for future investment. the amount of short-term debt and long-term debt that a company has on the balance sheet. the percentage of assets to total liabilities the company maintains. the mixture of debt and equity used to finance the company.
A) The amount of cash a company maintains for future investment is the number of cash reserves that the company holds for the purpose of making investments in the future. This can include funds for making new investments, such as in stocks, bonds, and other financial products, as well as for expanding existing operations.
B) The amount of short-term debt and long-term debt that a company has on the balance sheet is the total amount of money owed by the company in the form of loans and other forms of debt. This includes any loans from banks, credit card debt, and other types of debt.
C) The percentage of assets to total liabilities the company maintains is the ratio of the company's total assets to its total liabilities. This ratio is used to measure the overall financial health of a company, and it is an indicator of how well the company is able to manage its finances.
D) The mixture of debt and equity used to finance the company is the combination of debt, such as loans and bonds, and equity, such as stock, that the company uses to finance its operations. This mixture of debt and equity helps to balance the company's capital structure and make sure that the company is able to generate sufficient returns on its investments.
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Complete question
a)the amount of cash a company maintains for future investment.b? the amount of short-term debt and long-term debt that a company has on the balance sheet.C) the percentage of assets to total liabilities the company maintains. b)the mixture of debt and equity used to finance the company. define and explain each option?
Meteor Co. purchased merchandise on March 4, 2021, at a price of $41,000, subject to credit terms of 2/10,n/30. Meteor uses the net method for recording purchases and uses a periodic inventory system. Required: 1. Prepare the journal entry to record the purchase. 2. & 3. Prepare the journal entries to record the appropriate payment if the entire invoice is paid on March 11, 2021 and April 2, 2021.
Purchases ($31,000 x .97)- (dr) 30,070
Accounts payable-(cr) 30,070
Accounts payable-(dr) 30,070
Cash- (cr) 30,070
Accounts payable-(dr) 30,070
Interest expense (31,000-30,070)- (dr) 930
Cash- (cr) 31,000
What do you call a ongoing inventory system?In a periodic inventory system, the inventory account is updated after each sale and purchase rather than at the end of each accounting month. This approach allows a company to keep track of the starting and ending stock levels for a given accounting period.
The periodic inventory approach is employed for what reasons?The periodic inventory strategy will be most advantageous to smaller businesses that maintain minimal inventory. For intermediate periods, they can hazard educated judgments about the cost of the items sold and find it easy to conduct a physical inventory count.
The fact that the corporation paid $31,000 for the items and that the conditions of the credit agreement were 3/10 indicates that 100% of the credit term less than the 3% credit term provides us 97% of the credit term, or $31,000, enabling us to arrive at $30,070.
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