The American Community Survey (ACS) is an ongoing nationwide survey conducted by the United States Census Bureau. The ACS provides data on income levels classified by race, gender, educational attainment, employment status and housing characteristics, among other categories. This data is used by many organizations, both public and private, to allocate funds and assess the changing conditions in local communities. - for part-time workers than they are for According to the ACS, poverty rates in the United States are full-time workers. According to the ACS, poverty rates in the United States are for black individuals than they are for white individuals Suppose that the least expensive plan with which a family of four can provide itself a nutritionally balanced meal plan in 1963 is $932. Given this information, what is the poverty threshold in 1963 for a family of four? poverty threshold: $

Answers

Answer 1

Answer:

According to the ACS, poverty rates in the United States are higher for part-time workers than they are for full-time workers.

Full-time workers earn more money than part-time workers and the stability of their jobs allows them better chances at getting credit which further reduces their poverty rates as opposed to part-time workers.

According to the ACS, poverty rates in the United States are higher for black individuals than they are for white individuals.

Data shows that Black Americans suffer higher poverty rates than White Americans due to various sociodemographic factors chief amongst them, the decades of disenfranchisement imposed on them.

Poverty threshold for a family of four in 1963: $932.

Poverty threshold is defined as the minimum amount that is adequate for living on by people in a certain country.

If the least expensive plan a family of four can use costs $932, then that is the poverty threshold.


Related Questions

The following scenario applies to the next three questions. At the start of the current period, Alberich Jewelers had an inventory of three identical gold rings. The cost of the gold ring purchased first is $640, the gold ring purchased next had a cost of $720, and the most recent purchase had a cost of $750. During the current period one of the gold rings was sold for $1,400. Alberich expects this gold ring will be a fast seller and he is thinking about ordering more of the same model for $780 each. If Alberich elects the FIFO method of inventory, after selling one ring for $1,400, compute the gross profit he should report. Post your response without any special characters. So an answer of $1,000 would be expressed as 1000

Answers

Answer:

Alberich Jewelers

The gross profit that Alberich should report is 760.

Explanation:

a) Data and Calculations:

Cost of gold ring purchased first = $640

Cost of gold ring purchased next = $720

Cost of gold ring purchased recently = $750

Sale of one gold ring = $1,400

Using the FIFO method of inventory, the gross profit for the gold ring sold is based on the first gold ring purchased, as follows:

= Sales Revenue - FIFO cost of inventory

= $1,400 - $640

= $760

Consider each argument for limiting international trade:

The national security argument suggests that national security requires that strategically important goods be produced domestically.
The infant industry argument suggests that protection can help infant industries develop.
The unfair competition argument suggests that anti‑dumping laws prevent unfair competition.
The fair standards argument suggests that trade should not enable firms to skirt regulations.

Determine which argument each statement is related to and whether the statement supports or opposes the argument.
a. "Industries that are protected from foreign competition often never develop to a point where they can compete internationally." This statement _________the ______________argument.
b. 'If foreign importers do not meet U.S. requirements regarding child labor, safety, and the environment, they will have an unfair cost advantage over domestic firms." This statement ___________ the________ argument.

Answers

Answer:

a. opposes the infant industry argument.

b. supports the fair standard arguments.

Explanation:

The companies are regulated by the standards. There are certain standards which businesses need to follow in order to achieve regulatory compliance. The companies are regulated but there should be fair competition which enables firms to promote healthy competition in order to develop their business.

Some students want to start a business that cleans and polishes cars. It takes 1.5 hours of labor and costs $2.25 in supplies to clean a car. It takes 2 hours of labor and costs $1.50 in supplies to polish a car. The students can work a total of 120 hours in one week. They also decide that they want to spend no more than $135 per week on supplies. The students expect to make a profit of $7.75 for each car that they clean and a profit of $8.50 for each car that they polish. What is the maximum profits the students can make

Answers

Answer:

Answer is explained in the explanation section below.

Explanation:

Solution:

Let the variable x denotes the labor time to clean and polish the car.

Let the variable y denotes the costs to clean and polish the car.

So,

Constraints Are:

1.5x + 2y [tex]\leq[/tex] 120

2.25x + 1.50y [tex]\leq[/tex] 135

Hence,

The objective function becomes:

Function for the maximum profits students can make is

Max Z = $7.75x + $8.50y

Tambe Electric entered into a written agreement with Home Depot to provide copper wire to Tambe at a price set forth in the writing, and allowed the contractor the option of paying for the wire over a period of time. Tambe later tried to purchase such wire on a payment plan but Home Depot refused. As Home Depot did not fulfill this written agreement, Tambe sued for $68,000, the additional cost it had to subsequently pay to obtain copper wire for its work. Home Depot defended that it had made an oral condition precedent requiring payment in full by Tambe at the time it accepted the price quote in the written agreement. The result is that:_________

Answers

Answer:

Tambe will win.

Explanation:

The Statue of Frauds requires that contracts over $500 are written, and both companies had a written contract. Home Depot later argues that they had orally agreed to modify the written contract. That modification will not hold since it cannot contradict the written contract. In order to legally modify a written contract, you must do it in writing, not orally.

Which of these include some basic purposes of transportation regulations? (Select all that apply.)


A.to set limits on ways transportation companies could engage in business

B.to limit competition

C.to constrain how much money transportation providers could make

D.to foster competition

Answers

Answer: A. To set limits on ways transportation companies could engage in business.

D.to foster competition

Explanation:

Transportation regulations are put in place in order to control the activities of transportation companies and also ensure an effective and efficient delivery system.

Transportation regulations set limits on ways transportation companies could engage in business and also foster competition which is necessary for the growth of the sector and improvement in quality.

Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to five separate activity pools. The budgeted activity cost and activity base data by product are provided below. Activity Cost Activity Base Procurement $370,000 Number of purchase orders Scheduling 250,000 Number of production orders Materials handling 500,000 Number of moves Product development 730,000 Number of engineering changes Production 1,500,000 Machine hours Number of Purchase Orders Number of Production Orders Number of Moves Number of Engineering Changes Machine Hours Number of Units Disk drives 4,000 300 1,400 10 2,000 2,000 Tape drives 4,000 150 800 10 8,000 4,000 Wire drives 12,000 800 4,000 25 10,000 2,500
The activity rate for the procurement activity cost pool is:______.
a. $18.50 per purchase order
b. $15.42 per purchase order
c. $37.00 per purchase order
d. $43.53 per purchase order

Answers

Answer:

a. $18.50 per purchase order

Explanation:

The computation of the activity rate for the procurement activity cost pool is shown below:

Cost per Unit = Activity Cost ÷ Total of Activity Base

= $370,000 ÷ (4,000 + 4,000 + 12,000)

= $370,000 ÷ 20,000

= $18.50

Hence, the activity rate is $18.50 per purchase order

Last year Rennie Industries had sales of $395,000, assets of $175,000 (which equals total invested capital), a profit margin of 5.3%, and an equity multiplier of 1.2. The CFO believes that the company could reduce its assets by $51,000 without affecting either sales or costs. The firm finances using only debt and common equity. Had it reduced its assets by this amount, and had the debt/total invested capital ratio, sales, and costs remained constant, how much would the ROE have changed? Do not round your intermediate calculations.

Answers

Answer: 5.9%

Explanation:

Before:

Equity is calculated as:

= Total Assets / Equity Multiplier

= $ 175,000 / 1.2

= $ 145,833

Therefore, ROE will be:

= (Turnover × Profit Margin) / Equity

= ($ 395,000 × 5.3%) / $ 145,833

= $ 20935 / $145,833

= 0.1436

= 14.36%

After:

New Total Assets will be:

= $ 175,000 - $ 51,000

= $ 124,000

Equity

= Total Assets / Equity Multiplier

= $ 124,000 / 1.2

= $ 103,333

ROE will then be:

= (Turnover × Profit Margin) / Equity

= ($ 395,000 × 5.3%) / $ 103,333

= $ 20935 / $ 103,333

= 0.2026

= 20.26%

Therefore, the change in ROE will be:

= 20.26% - 14.36%

= 5.9%

= 4.035%

Milliken Company paid $3.00 million to purchase stock in another company, $1.40 million to repurchase treasury shares, $1.50 million to buy short-term investments, sold used equipment for $0.84 million when its book value was $1.20 million, and purchased new equipment for $3.8 million. What was the net cash flow from investing activities

Answers

Answer:

Net cash flow from investing activities is -$7.46 million.

Explanation:

Cash Flow from Investing Activities refers to the section of the cash flow statement of an organisation that shows the amount that been utilized in or made from making investments durin a particular accounting period. Examples of investing activities are purchases and sales of investments, long-term assets like property, plant, and equipment, etc.

Net cash flow from investing activities for Milliken Company can be calculated as follows:

Milliken Company

Calculation of net cash flow from investing activities

Details                                                             Amount ($'million)  

Purchase stock in another company                     (3.00)

Buy short-term investments                                    (1.50)

Sold used equipment                                              0.84

Purchased new equipment                                    (3.80)  

Net cash flow from investing activities                 (7.46)  

Therefore, net cash flow from investing activities is -$7.46 million.

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither.

a. I was willing to pay up to $68 for a used textbook and even though the seller was willing to go as low as $61 in order to sell it, we couldn't reach a deal because the government imposed a price ceiling of $56 on the sale of textbooks.
b. Even though I was willing to pay up to $115 for a used laptop, I bought a used laptop for only $110.
c. I sold a watch for $59, even though I was willing to go as low as $53 in order to sell it.

Answers

Answer:

neither

consumer surplus

producer surplus

Explanation:

A in a no transaction took place so there is neither

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

$115 - $110 = $5

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price – least price the seller is willing to accept

$59 - $53 = $6

What does Marketing mean to you?

Answers

Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses. Some marketing is done by affiliates on behalf of a company. "By ALEXANDRA TWIN"
a business promoting and selling products or services, like advertising or market research

Use Present Worth Analysis to determine whether Alternative A or B should be chosen. Items are identically replaced at the end of their useful lives. Assume an interest rate of 6% per year, compounded annually.
Alternative A Alternative B
Initial Cost 350 985
Annual Benefit 80 226
Salvage Value 160 186
Useful Life (yrs) 2 3
A. Alternative B, because it only incurs the initial cost once every three years instead of every two years
B. Alternative B, because it costs $250.00 more than Alternative A, in terms of present worth
C. Alternative A, because its present worth is positive
D. Alternative A, because it costs $250.00 less than Alternative B, in terms of present worth

Answers

Answer:

D. Alternative A, because it costs $250.00 less than Alternative B, in terms of present worth.

Explanation:

Net Present Worth of Alternative A:

-350 + 80 * (P/A, 6%, 6) - (350 - 160) * (P/F, 6%, 2) - (350 - 160) * (P/F, 6% , 4) + 160 * (P/F, 6% , 6)

= -350 + 80 * 5.41791 - (340 - 160) * 0.942596 - (350 - 160) * 0.888487 + 160 * 0.837484

NPW = $ -429.39

Net Present Worth of Alternative B:

-985 + 226 * (P/A, 6%, 6) - (985 - 226) * (P/F, 6%, 3) - (985 - 186) * (P/F, 6% , 4) + 186 * (P/F, 6% , 6)

= -985 + 226 * 5.41791 - (985 - 186) * 0.942596 - (985 - 186) * 0.888487 + 186 * 0.837484

NPW = $ -657.24

The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.10 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. Investors require a return of 11 percent on the company's stock. a. What is the current stock price

Answers

Answer:

the current stock price is $19.25

Explanation:

The computation of the current stock price is shown below:

= Dividend × (1 + growth rate) ÷ (Required rate of return - growth rate)

= $1.10 × (1 + 0.05) ÷ (11% - 5%)

= $1.155 ÷ 6%

= $19.25

hence, the current stock price is $19.25

We simply applied the above formula

Jackson and Max are the only inhabitants of a small tropical island. Each drives an old, smoke-belching Oldsmobile. Suppose that installing a pollution-control device costs $940. Suppose also that for each pollution-control device installed, both Jackson and Max will see their health care costs decrease by $660.

Required:
Write down the payoff matrix.

Answers

Answer:

  Payoff Matrix:

                                             Max

                                     Install              Don't Install

Jackson -  Install            $310                $310 , $840

                 Not Install     $840, $310         $0 , $0

Explanation:

If the device is not installed the payoff is $840 and if the device is installed the pay off is $310. This is calculated by deducting the cost of control device from the decrease in cost of the health care service which is $840 - $530 = $310.

As the question says just provide modalities for compensating the victims of the accident. Do not try to attribute reasons for the cause of the accident, i.e. who is wrong or responsible for the accident. Try to come up with the various kinds of victims and decide what they get. To say that everybody that was killed should get the same amount is not realistic. Think about the families of those involved in September 11 disaster. Did all the families get the same amount?

Answers

Answer:

No, all families cannot get the same amount of compensation as this is dependent on the loss of the misfortune family.

Explanation:

The amount of compensation for the victims of September 11 disaster should be different for every person. The number of family members will be different for every victim. The compensation is based on the number of dependents of the victim family and those are paid high compensation who have their widows and children left behind.

Billings Company produces two products, Product Reno and Product Tahoe. Each product goes through its own assembly and finishing departments. However, both of them must go through the painting department. The painting department has capacity of 1,968 hours per year. Product Reno has a unit contribution margin of $96 and requires four hours of painting department time. Product Tahoe has a unit contribution margin of $78 and requires three hours of painting department time.There are no other constraints.Assume that only 500 units of each product can be sold.Required:1. What is the optimal mix of products? If required, round your answers to the nearest whole number. Optimal MixReno unitsTahoe units2. What is the total contribution margin earned for the optimal mix?$

Answers

Answer:

Optimal product mix :Tahoe = 500 units, Renoe = 117 units

Total contribution = $50,232

Explanation:

When a business is faced with a problem of shortage of a resource which can be used to produced more than one product type, to maximize the use of the resource , the business should allocate the scare resource for production purpose in such a way that it maximizes the contribution per unit of the scare resource.

Therefore Billing Company should allocate the painting hours to maximise the contribution per unit of painting hour

Product                              Reno                   Tahoe

                                               $                          $

Contribution per unit               96                       78

Painting hour                            4                           3

Contribution per hour  *           24                         26

* = contribution per unit/painting hour per unit

Production mix

Product                      Unit              Painting hour

Tahoe                          500                   1500

Renoe                          117***                   468**                  

Total

**Balance of painting hour = 1968-1500= 468 hours

*** Unit of Renoe = 468/4=117 units

Optimal product mix = Tahoe = 500 units, Renoe = 117 units

Total contribution = (117× 96) +    (500×78)  = $50,232

Suppose that the cross price elasticity of demand between movie tickets and popcorn is −0.10. What would you expect to happen to the sales of popcorn if the price of movie tickets rises by 30 ​percent? The demand for popcorn would fall fall rise by 33 percent ​(Enter your response rounded to one decimal place.​)

Answers

Answer:

fall

3%

Explanation:

Digital Prosper, a web services firm, has experienced a 7 percent decline in revenues in consecutive quarters. In an effort to reduce operating costs, managers reduced the customer service staff from 12 employees to 6. Management also enlisted the remaining employees to help produce a new company vision: to give customers of all budgets a customizable, stress-free web hosting experience. What is wrong with this scenario

Answers

Answer: c. Digital Prosper's organizational structures do not align with the vision.

Explanation:

Digital Prosper have reduced their staff by 50% and yet go on to advertise through their vision, that they are able to cater for all types of customers regardless of their budgets.

This purpose of this vision is to bring in more customers and if it succeeds, the remaining employees in customer service will be swamped with work. This might lead to the employees being inefficient thereby creating stress for the customers.

The organizational structure of Digital Prosper therefore does not align with the vision.  

Answer:

Marigold's organizational structures do not align with the vision

Explanation:

The internal stakeholders would be designers, manufacturing, assembly, etc here the internal stockholder would be invested that defines the vision so here the organizational structure would not be aligned with the vision as they attempt to provide the better service for the customer as half the originial staff

TVLand sells home entertainment systems and also offers a complementary installation service. The same service is offered by other vendors for $50 on average, and TVLand typically charges approximately 40% more than other vendors for similar services on a stand-alone basis. Using the adjusted market assessment approach, the stand-alone selling price of the installation service is:

Answers

Answer:

$70

Explanation:

Calculation to determine what the stand-alone selling price of the installation service is:

Stand-alone selling price= $50 + (40%*$50)

Stand-alone selling price=$50+$20

Stand-alone selling price= $70

Therefore the stand-alone selling price of the installation service is:$70

Suppose that Perry and Taimur both produce poems and novels. Perry’s productive capabilities are as follows. He can produce 12 poems if he spends all of his time writing poems or he can write 2 novels if he spends all of his time writing novels. He can also produce any linear combination in between. Taimur’s productive capabilities are as follows. He can produce 12 poems if he spends all of his time writing poems or he can write 4 novels if he spends all of his time writing novels. He can also produce any linear combination in between.
A. Which person can produce poems at lower opportunity cost? Explain. Which person can produce novels at a lower opportunity cost? Explain.
B. Suppose that Perry and Taimur make the following deal. Perry will spend all of his time making poems and Taimur will spend all of his time making novels. Taimur will then send 1 novel to Perry and in return Perry will send Taimur 4 poems. How many poems and novels will Perry have after this trade? How may poems and novels will Taimur have after this trade?
C. I claim that after trading with Taimur, Perry can now consume a combination of poems and novels that he never could have produced for himself. Likewise, Taimur can now consume a combination of poems and novels that he never could have produced for himself after trading with Perry. Use equations and a couple of simple calculations to demonstrate that I am correct.
D. What do you think is going on here? Why can both Perry and Taimur now consume a quantity of goods that they never could have produced for themselves?

Answers

Answer:

Answer is explained in the explanation section below.

Explanation:

Solution:

a.

Perry poems = 12

Taimur Poems = 12

Perry Novels = 2

Taimur Novels = 4

Opportunity cost of Poems for Perry = 2/12 = 1/6

Opportunity cost of Poems for Taimur = 4/12 = 1/3

Opportunity cost of Novels for Perry = 12/2 = 6

Opportunity cost of Novels for Taimur = 12/4 = 3

As opportunity cost of poems for Perry < Opportunity Cost of Poems for Taimur

So,

Perry can produce poems at lower opportunity cost.

And,

Opportunity cost of Novels for Taimur < Opportunity cost of Novels for Perry

SO,

Taimur can produce novels at lower opportunity cost.

b.

Perry spend all time in making poems = 12 poems

Taimur Spend all time in novel making = 4 novels

Trade ---> Taimur send 1 novel, So, he will left with 3 novels, in exchange he will get 4 poems.

So, after trade, we have:

Perry = 8 novels and 1 Poem

Taimur = 4 poems and 3 novels.

c.

The claim is correct.

This is because, Perry makes 8 poems, he is left with with only 4 novels of productivity and as his opportunity cost of novel is 6, he won't be able to produce even 1 novel, if he doesn't trade.

Let's assume Perry and Taimur both have 12 hours of time each.

Productivity of Perry --->   Poems: 12 hours/12 units = 1    Novels: 12/2 = 6

i.e. Perry need 1 hour to produce 1 poem

and 6 hours to produce 1 novel .

So, when Perry produce 8 poems, he exhaust his 8 hours. Now, he is left with 4 hours. So he cannot produce 1 novel, which require 6 hours to complete. So, after trade, he is better off.

d.

As both Perry and Taimur, produce the good, in which they have comparative advantage it lead to specialization. And when they trade the good, in which they have specialization which will lead them expand this consumption possibilities.  

It is two days before your performance appraisal. Your performance this quarter has been less than desirable. You came close to reaching your sales targets, but you did not meet them, and you are hoping to still get the merit pay raise to be determined as a result of your performance appraisal. You do not really like your manager, but you are hoping to advance in this company, and being on your manager’s good side may be a good idea both for your current performance appraisal and for your future in this company.

You are now at a meeting with your manager and a group of employees. Your manager is giving financial information to all employees about different markets. Yet some of this information is inaccurate, which could lead to wrong pricing decisions and loss of money by the company. If you correct him, though, he would most likely get upset with you because he does not like being corrected. Would you correct him? How and when?

Answers

Answer:

Yes I would correct him

Explanation:

I would correct him but I would not do it publicly in this meeting with everyone present. The manager although he doesn't like being corrected will have to be told about these mistakes.

First I will have to make sure I have sufficient information and correct report. Then I will let him In on the negative repercussions of the inaccurate information and how it could harm the company. I will let him know politely that I am not trying to undermine his capabilities, but my observations and the reason I came to him is in the best interest of the company

Calculate working capital based on the following:
Current Ratio: 2.1
Inventory: $2X0,000
Quick Ratio: 1.7

X= 0

Answers

Answer:

Working capital $550,000

Explanation:

Given that

The Current ratio is 2:1

Inventory is $200,000

And, the quick ratio is 1:7

Now as we know that

Current ratio = Current assets ÷ current liabilities

2.1 = Current assets ÷ current liabilities

2.1 current liabilities = current assets

And, the quick ratio is

Quick ratio ÷ quick assets ÷ current liabilities

1.7 = (Current assets - inventory) ÷ current liabilities

1.7 = (Current assets - $200,000) ÷ current liabilities

1.7 current liabilities = current assets - $200,000

Now put the value of current liabilities

1.7 current liabilities = 2.1 current liabilities - $200,000

$200,000 = 2.1 current liabilities - 1.7 current liabilities

$200,000 = 0.4 current liabilities

So, current liabilities

= $200,000 ÷ 0.4

= $500,000

Now the current assets = 2.1 × $500,000

= $1,050,000

Now the working capital is

= Current assets - current liabilities  

= $1,050,000 - $500,000

= $550,000

Doug is filing singly. His net taxable income is $80,575. Every week, $304 is withheld from his earnings for income tax. Based on the table below, what can Doug expect when his taxes are due? Between 80,550 and 80,600 dollars, for filing single, the amount of taxes is 16,539 dollars. a. Doug will receive a refund of $123. b. Doug will receive a refund of $2,977. c. Doug will owe an additional $1,125. d. Doug will owe an additional $731. Please select the best answer from the choices provided A B C D

Answers

Between 80,550 and 80,600 dollars, for filing single, the amount of taxes is 16,539 dollars Doug will owe an additional $731. The correct option is D.

How are tax liabilities calculated?

Your gross tax liability is equal to your taxable income less your tax deductions. Your total income tax liability is equal to your gross tax liability less any tax credits you are eligible for.

Given

the amount of taxes is $16,539

Every week =$304 income withdrawal for tax.

Required to calculate the amount of taxes =?

The total amount of tax in a year = 304 x 52 = $15,808

amount of taxes = amount of taxes - amount already deposited

amount of taxes = 16539 - 15808 = $731

Thus, Doug will owe an additional $731. The total amount of tax owed to federal, state, and local governments by individuals and organizations in a given period is referred to as tax liability. Tax liabilities are short-term liabilities that are recorded on a balance sheet and paid within a year.

Thus, the ideal selection is D.

Learn more about tax liabilities here:

https://brainly.com/question/28192343

#SPJ6

Answer: D

Explanation:

ik

Which phrase best completes the list?
Characteristics of Short-Term Savings Strategies
Earn low rates of interest
Include savings accounts at banks
?
O A. Are used mostly for retirement savings
O B. Are used to pay for expenses as they arise
O C. Include keeping money in your home
O D. Have a high risk of losing initial investments

Answers

Answer:

B

Explanation:

The Characteristics of Short-Term Savings Strategies Earn low rates of interest Include savings accounts at banks are used to pay for expenses as they arise. The correct option is (B).

What do you mean by the Short term savings?

Short-term objectives typically have a five-year time frame. With a specific objective in mind or to establish a safety net in case an unforeseen expense arises, you might open a short-term savings account. Examples of short-term objectives a reserve account.

Depending on the investment firm, short-term investments typically offer an investment period of less than a year. This benefit is strongly connected to benefit. You can withdraw from short-term investments at any time, especially in an emergency, due to their flexibility.

Marketable securities, commonly referred to as temporary investments or short-term investments, are financial investments that can be quickly converted to cash, usually within five years.

Therefore, the Characteristics of Short-Term Savings Strategies Earn low rates of interest Include savings accounts at banks are used to pay for expenses as they arise.

To know more about the Short term savings, visit:

https://brainly.com/question/10206346

#SPJ2

The first audit of the books of Bruce Gingrich Company was made for the year ended December 31, 2018. In examining the books, the auditor found that certain items had been overlooked or incorrectly handled in the last 3 years. These items are:

a. At the beginning of 2019, the company purchased a machine for $510,000 (salvage value of $51,000) that had a useful life of 6 years. The bookkeeper used straight-line depreciation but failed to deduct the salvage value in computing the depreciation base for the 3 years.
b. At the end of 2020, the company failed to accrue sales salaries of $45,000.
c. A tax lawsuit that involved the year 2019 was settled late in 2021. It was determined that the company owed an additional $81,000 in taxes related to 2019. The company did not record a liability in 2019 or 2020 because the possibility of loss was considered remote, and charged the $81,000 to a loss account in 2021.
d. Swifty Company purchased a copyright from another company early in 2019 for $50,000. Swifty had not amortized the copyright because its value had not diminished. The copyright has a useful life at purchase of 20 years.
e. In 2021, the company wrote off $87,000 of inventory considered to be obsolete; this loss was charged directly to Retained Earnings.

Required:
Prepare the journal entries necessary in 2018 to correct the books, assuming that the books have not been closed. Disregard effects of corrections on income tax.

Answers

This is a very long question lol are you still on it? Sorry I’m talking weird it just won’t let me put it until I put a sertian number of sentences

a. A new operating system for an existing machine is expected to cost $684,000 and have a useful life of six years. The system yields an incremental after-tax income of $200,000 each year after deducting its straight-line depreciation. The predicted salvage value of the system is $60,000.

b. A machine costs $480,000, has a $40,000 salvage value, is expected to last eight years, and will generate an after-tax income of $110,000 per year after straight-line depreciation.

Required:
Assume the company requires a 10% rate of return on its investments. Compute the net present value of each potential investment.

Answers

Answer:

NPV for A = $673,867.69

NPV for B = $418,923.12

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

For A

It is cash flows not income that is used to determine net present value.

Cash flow = net income + depreciation

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($684,000 - $60,000) / 6 = $104,000

$200,000 + $104,000 = $304,000

Cash flow in year 0 = $-684,000  

Cash flow each year from year 1 to 5   = $304,000

Cash flow in year 6 = $304,000 + $60,000 = $364,000  

I = 10 %

NPV = $673,867.69

B

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($480,000 - $40,000) / 8 = $55,000

$110,000 + $55,000 = $165,000

Cash flow in year 0 = $-480,000  

Cash flow each year from year 1 to 7   = $165,000

Cash flow in year 8 = $165,000 + $40,000 = $205,000  

I = 10 %

NPV = $418,923.12

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

what do you understand by marketing mix​

Answers

Explanation:

When I think about the term marketing mix, I think about a set of tools that firms use to increase their profits such as price, product, promotion and place.

5
Given a population A which has an average of 30% and a standard deviation of 6% and a
population B which has an average of 24% and a standard deviation of 12%. Then the population
B has data values that are more variable relative to the size of the population mean.
tof
estion
Select one:
O True
False

Answers

Answer:I dont get what your asking

Explanation:

Grady and Associates performs a variety of activities related to information systems and e-commerce consulting in Toronto, Canada. The firm, which bills $164 per hour for services performed, is in a very tight local labor market and is having difficulty finding quality help for its overworked professional staff. The cost per hour for professional staff time is $74. Selected information follows.

Billable hours to clients for the year totaled 8,400, consisting of information systems services, 5,040; e-commerce consulting, 3,360. Administrative cost of $417,760 was (and continues to be) allocated to both services based on billable hours. These costs consist of staff support, $222,840; in-house computing, $157,000; and miscellaneous office charges, $37,920. A recent analysis of staff support costs found a correlation with the number of clients served. In-house computing and miscellaneous office charges varied directly with the number of computer hours logged and number of client transactions, respectively. A tabulation revealed the following data:

Information Systems Services E-Commerce Consulting Total
Number of clients 255 75 330
Number of computer hours 3,740 2,340 6,080
Number of client transactions 720 840 1,560

Required:
Assume that the firm uses traditional costing procedures, allocating total costs on the basis of billable hours. Determine the profitability of the firm’s information systems and e-commerce activities, expressing your answer both in dollars and as a percentage of activity revenue.

Answers

Answer:

Grady and Associates

Profitability based on traditional costing, using billable hours:

                                         Information           E-Commerce

                                      Systems Services      Consulting          Total

Service Revenue              $826,560               $551,040        $1,377,600

Administrative cost            250,639                  167,093             417,732

Profit ($)                            $575,921               $383,947          $959,868

Profit (%)                             69.68%                   69.68%              69.68%

Explanation:

a) Data and Calculations:

Services performed = $164 per hour

Information systems services 5,040

E-commerce consulting          3,360

Billable hours to clients          8,400 hours

Predetermined rate = $417,760/8,400 = $49.73 per hour

Administrative cost = $417,760 consisting of:

Staff support, $222,840   number of clients served

In-house computing, $157,000  number of computer hours logged

Miscellaneous office charges, $37,920  number of client transactions

                                         Information           E-Commerce

                                      Systems Services      Consulting          Total

Number of clients                     255                        75                  330

Number of computer hours  3,740                   2,340               6,080

Number of client transactions 720                      840                1,560

which body develops independence rules that apply to engagements performed under gagas?

Answers

Answer:

The Generally Accepted Government Auditing Standards (GAGAS), commonly referred to as the "Yellow Book", are produced in the United States by the Government Accountability Office (GAO). The standards apply to both financial and performance audits of government agencies. Five general standards are included: Independence.

Explanation:

looked up in internet :)

LOL :) Brainliest please

Government Accountability Office (GAO) is the body that develops independence rules that apply to engagements performed under gagas.

The following information should be considered;

The Generally Accepted Government Auditing Standards (GAGAS), commonly referred to as the Yellow Book, are generated in the United States by the Government Accountability Office (GAO). Government Accountability Office (GAO) created independence rules that apply to engagements performed under generally accepted government auditing standards (GAGAS).

Learn more: brainly.com/question/16911495

Zachary Corporation produces products that it sells for $18 each. Variable costs per unit are $6, and annual fixed costs are $247,200. Zachary desires to earn a profit of $39,600. Required Use the equation method to determine the break-even point in units and dollars. Determine the sales volume in units and dollars required to earn the desired profit.

Answers

Answer:

See below

Explanation:

Break even point is computed as

= Fixed cost + desired profit/ Contribution margin

Where ;

Contribution margin = Selling price per unit - Variable cost per unit.

Break even point

= $247,200 + $39,600 / ($18 - $6)

= $247,200 / $12

= 23,900 units

Other Questions
Balance the following chemical equationMg + O MgO What is the volume of a cylinder, in cubic centimeters, with a height of 15 centimetersand a base diameter of 6 centimeters? Round to the nearest tenths place A cuboid has side lengths 3cm, 4cm and 7cm. A cylinder with a height double that of the longest side of the cuboid has the same volume. Calculate the radius and the surface area of the cylinder. TFind the sum of (x2 7x + 5) and (-3x2 - x + 10)[ im giving you alot of points to check this over!! PLEASE HELP ASAP!!!A car is sitting on a hill which is 25 m higher than ground level. What is the mass of the car if it contains 360,800 J of potential energy? How do scientists plan on unlocking the secrets to Mars? plllzzzzz help its math :( ILL GIVE U BRAINLIST AND A THANK YOU AND PLUS U GET POINTS!! :) The graph shows a line a and two similar triangles.What is the equation of the line? When a planet orbits the Sun, theforce of gravity pulls the planetA. inward.B. outward.C. forward.D. backward. A cone has a radius of 10 meters and a height of 5 meters. What is the volume of the cone to the nearest cubic meter? Use 3.14 for if you borrow $700 for 5 years at an annual interest rate of 7%, how much will you pay altogether? 8. Explain what the following spredications of a monitor refer to their significance for the user and howthey are measured:b) 1800 / 900 I will mark brainliest for best answer! a little help would be great... Use the graph of the function f(x) = -x + 1 to find the value of y when x = -2. I need some help please Which equation can be used to find the number that can be added to 410 to get 946 What was an impact of the rapid changes in manufacturing and transportation in the 1800s? A.) Businesses could sell their goods in far off places.B.) People had to travel longer distances to buy goods.C.) There were fewer goods available for consumers.D.) Prices for manufactured goods went up.thanks! (ill give brainliest) Many parasitic protozoans can live within the body fluids of other organisms.TrueFalse