If the variable costs are $855, and the firm's revenues are $950, then the firm should cut down the variable cost in order to increase the profit or revenue as the fixed cost cannot be changed in short run.
What is fixed cost?A fixed cost is a cost that does not fluctuate with the production or sale of more or fewer goods or services.
Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs. There are some taxes that are fixed costs as well, such as company licenses.
Fixed costs are expenses that remain constant regardless of whether sales or production volumes rise or fall. This is so because they are not involved in the actual process of producing a good or providing a service. Fixed costs are therefore regarded as indirect costs.
The term "variable cost" refers to a sort of cost that will fluctuate in response to changes in production levels.
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PLEASE HELP 100 POINTS Land purchased for $25,000 appreciates in value to $150,000. What value would be listed on an accounting statement?
A. $25,000
B. $150,000
C. $125,000
D. Two-thirds of $150,000
Answer:
C
Explanation:
please someone answer this, i cant find it anywhere and I keep getting 6725
The cost of Software E to you in the long run, based on the satisfaction probability, can be found to be $50, 000
How to find the cost in the long run?The cost in the long run of Software E can be found by the formula:
= ( Probability of satisfaction x Cost in long run ) + ( Probability of non- satisfaction x Cost in long run )
The Probability of non- satisfaction x Cost in long run is given to us as $12, 500.
Assuming the cost in the long run is x, the equation becomes:
( 75 % × x ) + 12, 500 = x
0.75x + 12, 500 = x
75/ 100 x + 12, 500 = x
75x + 1, 250, 000 = 100x
100x - 75 x = 1, 250, 000
25 x = 1, 250, 000
x = 1, 250, 000 / 25
x = $50, 000
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Paul Casey retired from the U.S. Navy in 2015. He receives a military pension based on his years of service. On August 3, 2021, he received a determination of service-connected disability retroactive to 2015. Which of the following is true regarding Paul’s claim for a refund for taxes paid on his pension?
Paul can submit a claim for a refund of the taxes he paid on his pension in 2015 under the special limitation period as long as he does by August 3, 2020.
What is military pension?The American system of perks known as military retirement is intended to increase the caliber and retention of recruits and retainers for the military.
The possibility of earning a retirement pension for life, regardless of whether you work in the civilian sector after serving in the military or not, is one of the main benefits of joining the military, even though most working Americans no longer receive pensions. a pension, which is only available to retirees who had at least 20 years of employment with the company prior to their retirement. It is distributed as a lifetime annuity and is wholly funded by the government.
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Mariia drove her car 700 miles this year in the course of volunteering for the American Red Cross if she uses a standard mileage rate to deduct expenses how much may she deduct on her 2022 schedule a
The amount that she would have to deduct in her schedule a would be 98 dollars.
How to solve for the deductible expenseIn order to get the amount that is to be deducted from Mariia, we would have to be aware of the standard mileage that is used in the United States.
The work that she is doing is a course of volunteering for the American Red Cross. Hence this can be classified as charity.
The standard mileage for charity is given as 0.14 cents.
Hence we would have Total Deductible = 700 * 0.14
Total Deductible Expenses = $98
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1. By giving yourself a safety cushion on all sides of the vehicle you improve your ability to? 1. stop 2. maneuver 3. think 4. all of the above
Answer: 4
Explanation: All of the above
PLEASE I CAN'T FAIL AGAIN What is one reason a business may not begin their financial year on January 1?
A. cold weather
C. tradition
B. GAAP
D. holiday shopping
Answer:
Holiday Shopping
Explanation:
Many companies use different fiscal years than the traditional calendar year because it allows them to better represent their revenue and expenses.
Examples are retail stores because of the spike of Christmas shopping.
Americans spend a lot of money primarily because
Explanation:
they rich g i gues id kniw thanks 2+1
what other emerging trend is connected to simplified menus?
The potential for automation is nearly limitless where menus are reasonably straightforward and provide fewer selections, according to Brian Warrener.
What is emerging trend?The Emerging Trends (or Trending Terms) is a collection of words that describes the subjects that have gained popularity over the past 24 hours more quickly than any other. By "emerging," we mean becoming more popular among the general public and generating more conversation than any other subject.
Alternatives to meat are nothing new. Since a while ago, restaurants and home grills have offered Impossible Burgers, Beyond Meat Burgers, and other comparable foods. Large fast food outlets are testing vegan nuggets. Pizza businesses are experimenting with vegan pepperoni. Staying on top of trends will enable you to deliver what clients want whenever they want it, encouraging return business and good word-of-mouth.
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What is one reason a business may not begin their financial year on January 1?
A. cold weather
C. tradition
B. GAAP
D. holiday shopping
Answer:
Holiday Shopping
Explanation:
Many companies use different fiscal years than the traditional calendar year because it allows them to better represent their revenue and expenses.
Examples are retail stores because of the spike of Christmas shopping.
You can earn 3% interest on a CD and 1.25% interest on a savings account.
How much more interest will the CD earn for one year if you make a deposit of
$1,650?
Financial Lit, please help!!
Answer:
The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.
Match the design thinking stage to its description.
Question 14 options:
The design team creates multiple inexpensive versions of the product, known as minimum viable products (MVPs)
Spend time gaining an understanding by observing, engaging, and empathizing with customers to understand their experiences and their needs better
Analyze observations and information to identify the core problem
The design team comes up with solution ideas
The design team identifies any additional problems and refines the final solution before the final product is produced and released to customers
1.
Empathize
2.
Define
3.
Ideation
4.
Prototype
5.
Test
The design team creates multiple inexpensive versions of the product, known as minimum viable products (MVPs) - Prototype.
Spend time gaining an understanding by observing, engaging, and empathizing with customers to understand their experiences and their needs better - Empathize
Analyze observations and information to identify the core problem - Ideation
The design team comes up with solution ideas - Ideation
The design team identifies any additional problems and refines the final solution before the final product is produced and released to customers - Test
What is a Design thinking?Generally, a design thinking means the set of cognitive, strategic and practical procedures used by designers in the process of designing and to body of knowledge that has been developed about how people reason when engaging with design problems. A design thinking is also associated with the prescriptions for the innovation of products and services within business and social contexts.
The term "design thinking" is been used to refer to specific cognitive style, a general theory of design (which is way of understanding how designers work), and a set of pedagogical resources (through which organisations or inexperienced designers can learn to approach complex problems in a designerly way).
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Listed below are selected transactions of Schultz Department Store for the current year ending December 31.
1. On December 5, the store received a deposit from the Selig Players to be returned after certain furniture to be used in stage production was returned on January 15. $ 500
2. During December, cash sales were received, which include the 5% sales tax that must be remitted to the state by the fifteenth day of the following month. $ 798,000
3. On December 10, the store purchased for cash three delivery trucks. The trucks were purchased in a state that applies a 5% sales tax. $ 120,000
4. The store sold 25 gift cards for $100 per card. At year-end, 20 of the gift
cards are redeemed. Schultz expects three of the cards to expire unused.
Number of gift cards sold 25
Value of each gift card $ 100
Number of cards unredeemed at year-end 20
Number of cards expected to expire unused 3
Instructions
Prepare all the journal entries necessary to record the transactions noted above as they occurred and any adjusting entries relative to the transactions that would be required to present fair financial statements at December 31. Date each entry. For simplicity, assume that adjusting entries are recorded only once a year on December 31.
NOTE: Enter a formula, a cell reference, or a value (if you are unable to reference a cell), into the yellow shaded input cells.
Debit Credit
1. Dec.5
2. Dec. 1 - 31
3. Dec. 10
4. Dec. 31
Dec. 31
The journal entry of Department Store for the current year ending December 31 is given below:
What are journal entries?Journal entries are the entries made to document the transactions carried out by the company. The books of accounts have a record of every dollar that comes in and goes out. The transactions that are documented are in the book of accounts and are examined and audited for surplus payments or deficits, which are the most frequent errors to be discovered over recording, after they have been made. Below are the diary entries related to the context that are attached.
Date Particular Amount (Dr) Amount(Cr)
1 Dec 2005 cash 500 500 2 Dec 31 cash 798,000
Sales 760,000
Sales Taxes Payable 38,000
(Being sales recorded)
3. Dec 10 Delivery Truck 126,000
cash 126,000 4. Dec 31 cash 126000
Sales 2500
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26. (Figure: Monopolies Versus Competitive Industries) Based on the graph, under a monopoly consumer surplus is and producer surplus is _____.
f ; e+h+g
e+f+i ; g+h+j
f ; e+g+h+i+j
e+f ; g+h
27. Under what condition would perfectly competitive firms experience losses?
P>M C
AT C>P
AT C>MC
P>ATC
that's crazy
Explanation:
have fun tho
26. Based on the graph, under a monopoly, consumer surplus is represented by area "f," and producer surplus is represented by the combined area of "e," "h," and "g." Thus, option A is correct.
27. Perfectly competitive firms experience losses when ATC exceeds P, indicating that production costs exceed revenue. Thus, option B is correct.
31. If the supply curve shifts rightward, the demand curve also shifts rightward, and demand grows relatively less than supply, then price will fall and quantity will rise. Thus, option D is correct.
32. When the price of running shoes is higher than the market equilibrium price, consumer surplus falls and deadweight loss rises. Thus, option A is correct.
Consumer surplus refers to the economic benefit or value that consumers receive when they are willing to pay a price for a good or service that is lower than the actual market price.
Consumer surplus reflects the additional utility or satisfaction gained by consumers from purchasing a product at a price lower than their maximum willingness to pay.
Producer surplus, on the other hand, represents the economic benefit or profit that producers receive when they are able to sell a good or service at a price higher than their minimum acceptable price.
It reflects the difference between the price at which producers are willing to supply a product and the actual market price.
Therefore, the correct options are:
26. Option A is correct.
27. Option B is correct.
31. Option D is correct.
32. Option A is correct.
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Lighting designers need to be able to envision the space they are designing. They must consider the mood and feeling that will best fit the space. But they also need to have technical knowledge. What is an example of technical knowledge that a lighting designer needs? A. understanding of color theory and fabrics B. understanding of 3D modeling to draft building blueprints C. understanding of building codes D. understanding of GIS systems
An example of technical knowledge that a lighting designer need is understanding of building codes. (Option C).
Who is a Lighting Designer?A lighting designer works with the director, choreographer, set designer, costume designer, and sound designer to develop the lighting, atmosphere, and time of day for the performance in response to the text while taking visibility, safety, and financial factors into account.
The lighting designer is required to create, construct, and manage the show's special electrical effects and lights. In the field of mid-century lighting design, Achille Castiglioni and his brother Pierre were two designers that left a lasting impression.
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Exercise 10-9 (Static) Return on Investment (ROI) and Residual Income Relations [LO10-1, LO10-2]
A family friend has asked your help in analyzing the operations of three anonymous companies operating in the same service sector
industry. Supply the missing data in the table below: (Loss amounts should be indicated by a minus sign.)
Sales
Net operating income
Average operating assets
Return on investment (ROI)
Minimum required rate of return:
Percentage
Dollar amount
Residual income
Company A
$ 9,000,000
$ 3,000,000
18 %
16 %
Company B
$ 7,000,000
$ 280,000
$
14 %
320,000
%
Company C
$ 4,500,000
$ 1,800,000
$
%
15 %
90,000
Given the data provided in the table below, the total revenue (TR) for production at quantity (Q) level 4 equals
zero
$1.00
$15.00
$20.00
The total revenue (TR) for production at quantity (Q) level 4 , given the data on the table, is D. $ 20. 00 .
How to find Total revenue ?Total revenue refers to the total returns that a company makes when it sells a certain amount of goods or services . This amount has not been adjusted for expenses yet and is simply what is made from sales . If it is adjusted for expenses, then it becomes known as the total profit from the sale of goods and services .
The formula for the total revenue is therefore :
= Quantity of goods or products sold x Price of each unit of the good or product
At production quantity (Q) level 4, the quantity sold is 4 units and the price per unit is $5.
The total revenue is therefore:
= 4 x 5
= $20
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Why are the purpose, vision, mission, and values statements so important in
the strategic planning process?
A. They provide the foundation for everything the company does.
B. They provide good public relations material for the organization.
C. They make sure everyone in the organization is working together.
D. They identify the key internal and external factors.
SUBMIT
The purpose, vision, mission, and values statements so important in the strategic planning process as they provide the foundation for everything the company does.
They make sure everyone in the organization is working together.
Option A and C are correct .
Developing a vision and mission statement is critical to the success of any community initiative. These statements concisely describe the group's aspirations, allow the organization to focus on what really matters, and provide a foundation for developing other aspects of the strategic plan.
Why are vision, mission and values important to strategic planning?Vision and mission statements serve as landmarks to help individuals identify with the organization's processes and provide direction, but discourage those unwilling to follow them from participating in the organization's activities.
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Do you think it’s better to take out a loan to fund a business or seek out an investor?
Answer:is better to take out a loan
Explanation:
100 POINTS NEED HELP Which accounting system (or systems) allows for the FIFO method of inventory valuation?
A. IFRS only
C. Neither IFRS nor GAAP
B. GAAP only
D. Both IFRS and GAAP
Answer:
Both IFRS and GAAP
Explanation:
Both GAAP and IFRS allow First In, First Out (FIFO), weighted-average cost, and specific identification methods for valuing inventories.
However, GAAP also allows the Last In, First Out (LIFO) method, which is not allowed under IFRS (extra info)
Please like
Answer:
D
Explanation:
The Thakor Corp.’s purchases from suppliers in a quarter are equal to 60 percent of the next
quarter’s forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 25
percent of sales, and interest and dividends are $85 per quarter. No capital expenditures are
planned.
Here are the projected quarterly sales:
Q1 Q2 Q3 Q4
Sales $2,190 $2,490 $2,190 $1,890
Sales for the first quarter of the following year are projected at $2,520. Calculate the company's
cash outlays by completing the following: (Do not round intermediate calculations. Round
the answers to 2 decimal places. Omit $ sign in your response.)
Q1 Q2 Q3 Q4
Payment of accounts
Wages, taxes, and other
expenses
Long-term financing
expenses
Total
Answer:
Q1: $738.00, Q2: $862.00, Q3: $646.00, Q4: $546.00, Total: $2,792.00
Explanation:
Ivan is upset because he feels that Yvette never listens to his ideas in meetings. In their last meeting he offered a suggestion, and Yvette responded by rolling her eyes and ignoring his comment. How should Ivan BEST approach Yvette and communicate with her to try to resolve this conflict?
A personal dialogue with Yvette asking why she never listens is the best first step to take. When the "why" is established, then using empathy and listening skills, Ivan can attempt to put himself in Yvette's shoes to hear the things he says from her perspective.
This will create understanding and help Ivan to be able to speak in the language that Yvette can understand, thus, resolving the conflict.
What is conflict?Conflict is defined as a fight and a collision of interests, opinions, or even values. A dispute will always exist in society, regardless of whether the source of the conflict is personal, racial, class, caste, political, or international.
Well-managed conflict results in improved engagement and creativity, whereas badly managed conflict results in increased stress and worry. Jobs that deal with people are more likely to cause conflict.
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Brenda saves $650 per month.
Her goal is to save $10,000 for a down payment on a car.
After how many months will Brenda have met her goal?
Round to the nearest month.
Answer:
16 months
Explanation:
on the 16th month she will have 10400
Refer to the short-run data in the accompanying graph. The profit-maximizing output for this firm is...
The profit-maximizing output for this firm, given the short - run data on the graph, is 320 units.
How to find the profit - maximizing output?The profit-maximizing output for a firm is the point where the marginal revenue received is equal to the marginal cost incurred. This means that every additional unit sold both cost the same to produce, as the revenue it brings in.
The point where the marginal revenue and the marginal cost are equal to each other is the lowest point of the Total cost curve This point on the graph is 320 units so this is the profit-maximizing output.
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Which taxpayer is most likely to benefit by itemizing deductions on their 2021 return? None of these individuals are blind. Colin (32). He has no dependents and will use the single filing status. His allowable itemized deductions are $13,650. Donald (69). He has no dependents and will use the single filing status. His allowable itemized deductions are $13,800. Janelle (65). She is unmarried and will use the head of household filing status. She has one dependent. Her allowable itemized deductions are $19,500. Trevon (28). He is married and filing a joint return with his wife, Courtney (27). They have no dependents, and their allowable itemized deductions are $24,600.
a) Age of Garcia:68 years old She is single and can claim a standard deduction of 12400 dollars. In this particular instance, Garcia is over 65 years old, so the $1650 increase in the standard deduction is applicable.
Gracia will benefit from the standard deduction because it is greater than the itemized deduction, which is equal to 12400 times 1300, or 14050 dollars.
b) Age of Connor:31 Because he is single, he can claim a standard deduction of $12,400.
Because the itemized deduction is $13585, claiming it is advantageous for Connor because it is greater than the standard deduction.
c) Marietta, 35 years old, is unmarried and the head of the household. As a result, she is eligible for the standard deduction, which is 1865 dollars. The standard deduction for a dependent is 4300 dollars; the itemized deduction is 19300 dollars. As a result, Marietta is better off claiming the standard deduction than the itemized deduction. d) Tyrone, 35 years old28 years of age, married: married Filing jointly with spouse The standard deduction for married filers is $24880, while the itemized deduction is $23980. As a result, claiming the standard deduction is advantageous for Tyrone because it is greater than the itemized deduction.
The answer is:In the 2020 return, only Connor will benefit from itemizing deductions.
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100 POINTS DESPERATE FOR HELP A company uses the same procedures in order to track growth from year to year. What principle does this illustrate?
A. None of the above.
B. Consistency.
C. Relevancy.
D. Reliability
Answer:
D. Reliability
Explanation:
D. Reliability
"Drag each label to the correct location on the image.
Match the features to the relevant inventory systems.
records purchase of inventory
in the purchase account records purchase of inventory
in the inventory account
inventory account is updated on inventory account is updated every purchase at the end of a time period
inventory is physically counted Perpetual Inventory System
Periodic Inventory System"
Each features should be matched to the relevant inventory systems as follows;
Perpetual Inventory System: records purchase of inventory in the inventory account.Periodic Inventory System: records purchase of inventory in the purchase account records.Perpetual Inventory System: inventory account is updated on every purchase.Periodic Inventory System: inventory account is updated at the end of a time period.Periodic Inventory System: inventory is physically counted.What is an inventory?An inventory can be defined as the raw materials or items that are used by a business firm (manufacturer or producer) for the manufacturing of finished goods, as well as goods that are in various stages to be made ready for sale to consumers.
What is a perpetual inventory system?In Economics, a perpetual inventory system is sometimes referred to as perpetual system of inventory and it can be defined as a method of financial accounting that typically involves updating information about an inventory on a continuous basis (in real-time) as the sales or purchases are being made by customers, especially through the use of enterprise management software applications and a digitized point-of-sale (POS) equipment.
Furthermore, an advantage of the perpetual inventory system (perpetual system of inventory) over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft, etc.
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eBook
Dividing Partnership Income
Beau Dawson and Willow McDonald formed a partnership, investing $65,000 and $195,000, respectively.
Determine their participation in the year's net income of $275,000 under each of the following independent assumptions:
a. No agreement concerning division of net income.
b. Divided in the ratio of original capital investment.
c. Interest at the rate of 6% allowed on original investments and the remainder divided in the ratio of 2:3.
d. Salary allowances of $34,000 and $49,000, respectively, and the balance divided equally.
e. Allowance of interest at the rate of 6% on original investments, salary allowances of $34,000 and $49,000, respectively, and the remainder divided equally.
Dawson
McDonald
137,500
137,500
$ 68,750 ✓
a.
b.
C.
d.
Show Me How
e.
Feedback
X
$206,250
Check My Work
Set up a column for each partner and a total column.
a. Determine the distribution of income and losses in the absence of a partnership agreement.
h Lise the ratio of the partner's original capital investment to distribute the net income.
The distribution of income and losses to the partners is as follows:
Beau Dawson Willow McDonald Total
a) No agreement (income or loss
is shared equally) $137,500 $137,500 $275,000
b) Ratio of original capital $68,750 $206,250 $275,000
c) Interest at 6% and the remainder shared equally:
Total income shared $107,660 $167,340 $275,000
d) Salary Allowances and the remainder shared equally:
Total income shared $130,000 $145,000 $275,000
e) Interest at 6%, salary allowances of $34,000 and $49,000, and the remainder shared equally:
Total income shared $126,100 $148,900 $275,000
How do partners share profits?Partners share profits and losses according to their partnership agreements.
In the absence of a partnership agreement, profits and losses are distributed equally.
Beau Dawson Willow McDonald Total
Capital investment $65,000 $195,000 $260,000
Profit-sharing ratio (capital) 1 : 3
Sum of ratios = 4
Net income for the year = $275,000
Profit-sharing under these scenarios:
Beau Dawson Willow McDonald Total
a) No agreement (income or loss
is shared equally) $137,500 $137,500 $275,000
b) Ratio of original capital $68,750 $206,250 $275,000
c) Interest at 6% and the remainder
in the ratio of 2:3
Interest on capital $3,900 $11,700 $15,600
Income-sharing $103,760 $155,640 $259,400
Total income shared $107,660 $167,340 $275,000
d) Salary Allowances $34,000 $49,000 $83,000
Income-sharing (equally) 96,000 96,000 $192,000
Total income shared $130,000 $145,000 $275,000
e) Interest at 6%, salary allowances of $34,000 and $49,000, and the remainder shared equally:
Interest on capital $3,900 $11,700 $15,600
Salary Allowances $34,000 $49,000 $83,000
Income-sharing (equally) $88,200 $88,200 $176,400
Total income shared $126,100 $148,900 $275,000
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Dennis 51 purchased a $10000 13 week treasury bill as a short term investment. He paid $9960.00 for the security, which was issued on June 17th 2021 , when the bill matured on sept. 16,2021 Dennis received $10000.00 how is the $40.00 is interest reported on his tax return form 6251?
The interest of Dennis's treasury bill is not reported on his tax return form 6251, but Form 1099-INT.
How does AMT tax work?Certain taxpayers who make a significant amount of money are subject to the Alternative Minimum Tax (AMT), even though they can use deductions and credits to keep the majority, if not all, of their income from being taxed. It increases the amount of income that is taxed by adding items that are not typically taxed and by excluding many deductions under the regular tax system.
The AMT is a parallel tax system that runs in the background of the regular tax system. Treasury bills, notes, and bond interest income are taxed federally but not state or locally. However, this income is not taxed on the interest received. Treasury bills, notes, and bond interest income are taxed federally but not state or locally. However, this revenue is not taxed on the interest received.
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100 POINTS HELP A business implements cost-cutting initiatives, but they are not yet complete. What should an accountant do?
A. Report them now
C. Ignore them
B. Estimate their value
D. Report them when complete
Answer:
is it too late
Which factors do the courts concider when they determine whether a work environment is hostile or abusive?
In determining whether an atmosphere is "hostile" or "abusive," courts must analyze all the relevant facts and should take the following non-exhaustive list of considerations into account:
The frequency of the discriminatory behavior; The severity of the behavior; Whether the offensive behavior constitutes a physical threat or humiliation or merely an offensive utterance; andWhether the offensive behavior unreasonably hinders an employee's ability to perform their job duties.How an hostile environment worksWhen an employer behaves in a way that unreasonably interferes with a worker's ability to fulfill their job duties or results in a hostile, offensive, or intimidating workplace, it is said to be generating a hostile environment.
While every case is different, in general you must demonstrate that your membership in a protected class resulted in a persistent and offensive work environment
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The factors that the courts consider when they determine whether a work environment is hostile or abusive are:
The frequency of the discriminatory behavior;The severity of the behavior; Whether the offensive behavior constitutes a physical threat or humiliation or merely an offensive utterance.How an hostile environment works?When an employer behaves in a way that unreasonably interferes with a worker's ability to fulfill their job duties or results in a hostile, offensive, or intimidating workplace, it is said to be generating a hostile environment.
Therefore, While every case is different, in general you must demonstrate that your membership in a protected class resulted in a persistent and offensive work environment
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