Complete Question:
Tuller wants to start a commercial trucking business and also wants to form his own limited liability company (LLC). Tuller, as the only member of the LLC, will make all relevant decisions, contribute all of the investment, and be responsible for all of the risks and rewards. Tuller's proposed LLC will be accepted by:
a. a majority of states.
b. all states, as no state requires at least two members to create an LLC.
c. no state, as at least two members are uniformly required to create an LLC.
d. a few states.
Answer:
a. a majority of states.
Explanation:
In this scenario, Tuller wants to start a commercial trucking business and also wants to form his own limited liability company (LLC). Tuller, as the only member of the LLC, will make all relevant decisions, contribute all of the investment, and be responsible for all of the risks and rewards. Tuller's proposed LLC will be accepted by a majority of states.
A limited liability company (LLC) refers to a private company in which the owners are legally responsible for the company's debts but only to the amount of capital he or she has invested. The LLC can be referred to as a hybrid business entity that combines the limited liability-shield of a corporation with the pass-through taxation of a sole-proprietorship or partnership business.
In the United States of America, the owner of a LLC is not legally liable for the company's liability or debts.
Basically, Tuller's proposed LLC will be accepted by a majority of states because they permit a one member LLC while others only accept a two member LLC.
Frames, Inc. manufactures large wooden picture frames. Each frame requires $19 of direct materials and $40 of direct labor. Variable manufacturing overhead cost is $9 per frame produced, and variable selling and administrative expense is $13 per frame sold. The company produces 5,000 units each month and total fixed manufacturing overhead cost per month is $15,000. The unit product cost of each frame using variable costing is
Answer:
$68 per unit
Explanation:
The computation of the unit product cost of each frame using the variable costing is shown below:
= Direct material cost per unit + direct labor cost per unit + variable manufacturing overhead cost per unit
= $19 + $40 + $9
= $68 per unit
We simply added the above three cost so that the unit product cost could come
predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the machine-hours for the upcoming year at 10,000 machine-hours. The estimated variable manufacturing overhead was $8.52 per machine-hour and the estimated total fixed manufacturing overhead was $256,500. The predetermined overhead rate for the recently completed year was closest to:
Answer:
Total overhead rate = $34.17 per machine hour
Explanation:
The total overhead rate would the sum of the variable overhead rate and the fixed overhead rate
The pre-determined fixed overhead absorption rate = Estimated fixed overhead /Estimated machine hours
DATA:
Estimated overhead - $256,500.
Estimated machine hours - 10,000 machine hours
The pre-determined fixed overhead absorption rate =
$256,500/ 10,000 machine hours = 25.65 per hour
The pre-determined overhead absorption rate = $25.65 per hour
Total overhead rate = Variable rate + Fixed rate
= $8.52 + $25.65 = $34.17
Total overhead rate = $34.17 per machine hour
January 1, 2021, Smith Co. purchased common stock of North Company for $500,000. North Company has common stock outstanding of $10 million. Smith owns 5% of the outstanding stock of North. On December 31, 2021, the investment in North Company has a fair value of $505,000. On January 1, 2022, Smith sells the investment in North Company for $505,000. What journal entry is required to record the sale
Answer:
Fair Value adjustment $5,000 Dr.
Unrealized holding gain-net income $5,000 Cr.
Explanation:
Common stock purchase price = $500,000
North company outstanding stock = $10,000,000
5% stock of outstanding stock purchased :
(5/100) * $10,000,000
0.05 * 10,000,000
= $500,000
Fair value of investment = $505,000
Adjustment in fair value = $505,000 - $500,000 = $5000 ( Debit)
Unrealized holding gain-net income = $505,000 - $500,000 ( Credit)
The XYZ Fund had NAV per share of $17.50 on January 1, 2016. On December 31 of the same year, the fund's NAV was $19.47. Income distributions were $0.75, and the fund had capital gain distributions of $1.00. Without considering taxes and transaction costs, what rate of return did an investor receive on the XYZ Fund last year?
Answer:
21.26%
Explanation:
Calculation for the Rate of return that the
investor receive on the XYZ Fund last year
Using this formula
Rate of return =Current value - original value +Income distributions+ Capital gain distributions) / original value) x 100
Where,
Current value =$19.47
Original value =$17.50
Income distributions=$0.75
Capital gain distributions=$1.00
Let plug in the formula
Rate of return($19.47 - $17.50 + $0.75 + $1.00)/$17.50
Rate of return =($1.97+0.75+$1.00)/$17.50
Rate of return=$3.72/$17.50
Rate of return =0.2126*100
Rate of return =21.26%
Therefore the rate of return that did investor receive on the XYZ Fund last year will be 21.26%
Nora is applying for a student loan to attend college. What is true? A) Her lender takes less risk with this type of loan. B) There is no collateral needed for this secured loan. C) The APR will be lower the first month of the loan. D) A higher interest may be associated with this unsecured loan. Help QUICK!!!
Answer:
D) A higher interest may be associated with this unsecured loan.
Explanation:
The secured loan is the loan in which collateral property is pledged while on the other hand the unsecured loan is the loan in which no collateral property is pledged
As in the given situation, the unsecured loan is higher riskier as compared with the unsecured loan. Moreover, in the unsecured loan the interest rate is high and it required high credit scores
Therefore the option D is most appropriate and fits to the current scenario
PLEASE HELP ASAP! What is the impact of effective purchasing on an operation’s cash flow?
Answer:
Cost reduction; leading to profit for the company/business.
Explanation:
Remember, a cash flow is an indication or indicator of the amount of money coming into and out of a business.
Thus, effective purchasing Implies buying the right items needed for operations at the right/fair price so as to reduce the total cost of operations, which invariably leads to more Profit since there's reductions in costs.
The practice of effective purchasing leads to Cost reduction and Profit maximization on operation’s cash flow.
Effective purchasing involves the practice of evaluating available suppliers for their performance, stability and efficiency to allow patronizing the one which offers lower cost service with same quality.
Effective purchasing results to cost reduction and thus, result to increased profit because the right items needed for operations at gotten at the fair price
Therefore, the practice of effective purchasing leads to Cost reduction and Profit maximization on operation’s cash flow.
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Sparky's incorrectly included inventory that was on consignment in its ending inventory count. Consequently, the ending inventory was overstated on the balance sheet. Explain how this error will affect this year's income statement. (Check all that apply.)
Answer:
Net Income will be Overvalued.
Explanation:
If closing inventory is overvalued, the cost of sales figure will be undervalued, consequently the gross profit and the net income for the year will be overvalued.
Suppose the adult population in the country of Candora is 171 million. The number of adults in the labor force is 97 million, and the number of unemployed adults is 74 million. The labor force participation rate in Candora approximately equals _____.
Answer:
The labor force participation rate in Candora approximately equals 56.72%.
Explanation:
Given that the adult population of Candora is 171 million, of which 97 million are in the workforce and 74 million are unemployed, to obtain the percentage of participation in the workforce of said country we must carry out the following calculation:
171 = 100
97 = X
(97 x 100) / 171 = X
9700/171 = X
56.72 = X
Thus, the percentage of participation in the Candora workforce is 56.72% of the country's adult population, while the remaining 43.28% are unemployed.
After graduation, you plan to work for Donald's Fashion Co. For seven years and then start your own business. You expect to save and deposit $10,000 a year for the first three years (t=1 through t=3) and $14,000 annually for the four years after (t=4 through t=7). The deposits are made at the end of each year, with the first deposit being made a year from today. In addition, your grandfather just gave you a $40,000 graduation gift which you will deposit immediately (i.E. T=0). If the account earns 8% compounded annually, how much will you have saved when you start your business seven years from now?
Answer:
The amount that will you have saved when you start your business seven years from now is $175,805
Explanation:
In order to calculate the amount that will you have saved when you start your business seven years from now we would have to calculate the Future Value from the deposit since the year 0 to year 7 as follows:
Future value of year 0 with deposit of $40,000 and rate 8%=PV(1+r)∧t
Future value of year 0 with deposit of $40,000 and rate 8%=$68,552.97
Future value of year 1 with deposit of $10,000 and rate 8%=$15,868.74
Future value of year 2 with deposit of $10,000 and rate 8%=$14,693.28
Future value of year 3 with deposit of $10,000 and rate 8%=$13,604.89
Future value of year 4 with deposit of $14,000 and rate 8%=$17,635.97
Future value of year 5 with deposit of $14,000 and rate 8%=$16,329.60
Future value of year 6 with deposit of $14,000 and rate 8%=$15,120.00
Future value of year 7 with deposit of $14,000 and rate 8%=$14,000.00
Therefore, amount that will you have saved=$68,552.97 + $15,868.74 + $14,693.28+$13,604.89+$17,635.97+$16,329.60+$15,120.00+$14,000.00
amount that will you have saved=$175,805
The amount that will you have saved when you start your business seven years from now is $175,805
The project team member also referred to as the customer representative and responsible for defining the customer requirements and product features and for ensuring that the development team delivers an end product with the required features is the
Answer:
Product Owner (PO)
Explanation:
The Product owner is the one who knows what product features actually the customer is demanding from them. His opinion will have significant impact on the product formation as he will be acting as a customer agent. The product owner is a representative of the customer and helps the development team to develop a product of customer choice.
What occurs over time as a result of inflation? Check all that apply. Interest becomes worth less money. The dollar’s value becomes unstable. Interest rates decrease. Interest rates fluctuate in value. The dollar’s future value changes.
Answer:
the anser is A and E
Explanation:
What occurs over time as a result of inflation are Interest becomes worth less money and the dollar’s future value changes.
What is inflation?Inflation is the consistent and persistent rise in the prices of goods and services as a result of too much money in circulation.
Causes of inflation are:
Increases in production costs.Increase in prices of goods and services.A surge in demand for products and servicesHence, what occurs over time as a result of inflation are Interest becomes worth less money and the dollar’s future value changes.
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how do you calculate a total including sales tax?
Answer:
Add the tax to the subtotal to calculate the total amount
Explanation:
Add the prices of items purchased to obtain a subtotal.
Multiply that subtotal by the tax rate to determine the tax.
Add the tax to the subtotal to calculate the total amount.
__
Example
Purchases total 6.95. The tax rate is 8.2%.
The tax due is ...
0.082 × 6.95 = 0.5699 rounds to 0.57.
The total amount due is ...
6.95 +0.57 = 7.52
_____
Comment on percent
The % (percent symbol) is a fancy shorthand way to write /100. That is, a tax rate of 8.2% means you multiply the pre-tax amount by 8.2/100 = 0.082.
To calculate the total amount including sales tax, follow these steps:
The Steps to followDetermine the sales tax rate (expressed as a percentage).
Multiply the sales tax rate by the original price to find the tax amount.
Add the tax amount to the original price to get the total amount, including sales tax.
Formula: Total = Original Price + (Original Price * Sales Tax Rate)
Example: If the original price is $50 and the sales tax rate is 10%, the total amount would be $55.
Remember, the sales tax rate may vary depending on the location and the type of product or service being taxed.
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Cai Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year. Raw Materials Bal. 1/1 17,000 Credits ? Debits 97,000 Bal. 12/31 30,000 Work In Process Bal. 1/1 19,000 Credits 506,000 Direct materials 74,000 Direct labor 13,000 Overhead applied 257,000 Bal. 12/31 ? The cost of indirect materials requisitioned for use in production during the year was:
Answer:
The cost of indirect materials requisitioned for use in production is $10,000
Explanation:
Direct Material used = Opening Raw Material inventory + purchases - Closing RM inventory
Direct Material used = 17000 + 97000 - 30000
= $84,000
Out of this $84000, $74000 was Direct material in the WIP account , so therefore indirect material=
= 84,000 - 74,000
=$10,000
Answer:
10,000
Explanation:
A new real estate professional is getting to know licensees at his new firm, Tremont Homes. One licensee tells him there's an unwritten agreement with a neighboring firm that Tremont serves the mid-town area, and everyone who has prospective clients in that area refer their leads to Tremont. What's this an example of
Answer:
Market allocation.
Explanation:
Market allocation refers to a form of horizontal trade arrangement in which various competitors decide to limit their respective business practices to particular aspects such as particular territories, specified products, particular regional zones, and specific set of customers. Therefore, market allocation provides competitors the opportunity to establish large channels of local monopolies. As per the question, Tremont establish monopoly in that area and it unfairly limits the options of customers.
Compared with individuals working in the private sector, public employees do not have ______. a. more stringent codes of ethical behavior b. higher levels of education c. lower standards for pay d. a greater commitment toward civic duty
Answer:
Option A. More stringent codes of ethical behavior
Option B. Higher levels of education,
and
Option D. A greater commitment toward civic duty,
Explanation:
The public employees have to adhere to stringent codes of ethical behavior because the public employees are professionals and professionals are always highly qualified personal. Their commitment towards the civic duty is high because they are obliged to act in the public interest and not act in a manner that his profession dignity gets affected. The level of experience, education, professionalism, adherence to ethical and company code, results in higher employee compensations.
Hence the Option A, B and D are correct options.
An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labor to produce its total output of 640 units. Each unit of capital costs $10; each unit of raw materials, $4; and each unit of labor, $3. The per-unit cost of production in this economy is
Answer:
$0.1
Explanation:
The per unit cost of a production is the sum of variable cost and fixed cost divided by the total number of units produced. The per unit cost is given by the formula:
Per unit cost = (Variable cost + Fixed cost) / Number of units produced
Variable cost = Cost of raw material = Units of raw material × Cost of each unit of raw material = 5 units × $4/unit = $20
Fixed cost = Cost of labor + Capital =(Units of capital × Cost of each unit of capital) + (Units of labor × Cost of each unit of labor) = (8 units × $3/unit) + (2 units × $10/unit) = $24 + $20 = $44
Variable cost + Fixed cost = $20 + $44 = $64
Per-unit cost of production = (Variable cost + Fixed cost) / Total output = $64 / 640 = $0.1
Oucation 6 of 25
The need to get goods from producera to consumers raimes which of the
following bowie queations?
O A. How are goods and services to be distributed?
O B. What is to be produced?
O C. How is production to be organized?
O D. What is the most effective allocation?
Answer:
A. How are goods and services to be distributed?
Explanation:
After the manufacturing of the goods, the process of distribution proceeds. In this process, the goods and services produced are distributed from the producers to the consumers. Transportation, packaging, storage, and advertising are some of the processes that lie between the production and distribution of the products.
According to the given options, the basic question to be asked related to the distribution of the produced goods is option A. All the other three questions belongs to the production stage.
Answer:
How are goods and services to be distributed?
Explanation:
took the test
A new client of the member firm has just opened a margin account. After account approval, the client's initial trade is an order to purchase 100 shares of LMN common stock at $25. With Regulation T at 50%, in order to be in compliance with all regulations, the client would need to deposit:___________
Answer:
$2,000
Explanation:
Data provided in the question
Number of shares purchased = 100 shares
Price of common stock = $25
Given percentage = 50%
Based on the above information, there is no borrowing taken place in a margin account because there is a minimum requirement to maintain $2,000 in equity and when the purchase is made lower than $2,000 so it is important to pay the amount in full and the deposits are important when it is made more than $2,000 in the case when the trade is more than $4,000
Selecting the Government Rate from a U.S. Government Rental Car Program vendor will result in a daily fee that provides you with unlimited mileage, liability coverage, and much more. What is the name of this fee?
Answer:
The correct answer is "Government Administrative Rate Supplement (GARS)".
Explanation:
GARS seems to be a recurring charge, which would be supposed to resolve the investment corporation's incurred expenses that are unique to government operations.However, according to my administrator, the policy which will be everyone's insurance becomes expected to include a GARS plan for $5 each day.Such that the solution provided above is the right one.
Quinn is an accountant employed by CCDL Enterprises. Recently, she has spent much of her time working on defining measures of costs for the production department and checking to ensure that various departments are staying within their budgets. Quinn is a
Answer: Private accountant whose work involve managerial accounting
Explanation:
From the question, we are informed that Quinn is an accountant who is employed by CCDL Enterprises and that recently, she has spent much of her time working on defining measures of costs for the production department and checking to ensure that various departments are staying within their budgets.
The above analysis shows that Quinn is a private accountant whose work involve managerial accounting. This is illustrated in what she does whch has been analysed in the question.
In which sector of agriculture would an
AgLoan Officer be classifed?
A. agribusiness
B. animal systems
C. natural resources and environmental systems
D. power, structure, and technical systems
Answer:
A
Explanation:
The correct answer would be agribusiness.
Agribusiness is a section of the agricultural sector that focuses mainly on the commercial/business side of agricultural production.
Agloan is a short form for agricultural loan. An Agloan officer is best classified under the business side of agriculture because their works have to do with granting loans to farmers for a profit.
The correct option is A.
This OS was created by a developer named Torvalds. Linux Mac Unix Windows
Answer:
Linux.
Explanation:
Linus Torvalds is a Finnish computer programmer, creator of the Linux operating system kernel in 1991. Torvalds began developing his project through research done in a particular way during his spare time, using his own computers, tools and spare parts, and taking the Minix operating system as a starting point, seeking to create his own operating system to use on his own personal computers. Finally, as a result of this development, Torvalds created the largest and best-known open software operating system today.
Countries such as the United States, the United Kingdom, France, Germany, the Netherlands, and Japan dominate in the share of total global stock of FDI and FDI outflows and in rankings of the world's largest multinationals because they
Answer: they were the most developed countries postwar and home to the largest and best capitalized enterprises
Explanation:
The options to the question are:
A. they were the most developed countries postwar and home to the largest and best capitalized enterprises.
B. they pursued a policy of blocking or restricting FDI inflow into their own economies.
C. they provided subsidies for their domestic firms to protect them from foreign competition.
D. they control much of the operating structure of the WTO which governs international trade.
E. they were the governing body of the International Monetary Fund.
The main reason for the dominance of countries such as the United States, France, the United Kingdom, Japan, Germany, and the Netherlands, in the share of total global stock of FDI and FDI outflows and in the rankings involving world's largest multinationals is because after the world war, they were the most developed.
Another reason is because they are the home to the largest and best capitalized enterprises. These countries mentioned in the question have the best technologies and are always innovative coming out with better ideas and technologies, hence their dominance in the world market.
list 5 store documents pls ASAP
Explanation:
1. gate pass
2. stock card
3. stock requisition form
4. delivery note
5. stock order form
best regards!!
Amy is analyzing a job offer. Amy’s Salary Analysis Annual Salary Benefits Average Monthly Rent Average Monthly Utility Costs $48,500 401K matched up to $2,500/year, $5,000 in bonuses $1,100 $200 How much should she expect to pay on rent and utilities each year? $1,300
Answer:
$15,600
Explanation:
The computation of the amount expected to pay on rent and utilities are shown below:
= monthly on rent + monthly utility.
= $ 1,100 + $ 200
= $ 1,300
Now the each year payment on rent and utilities is
= $ 1,300 × 12 months
= $15,600
hence, the estimated amount pay for the rent and utilities for each year is $15,600
Answer:
15,600 - the last choice
Explanation:
for edg. 2020
What is done with the costs of complying with consumer-protection
regulations?
A. absorbed by producers who are forced to cut into profits
B. reduced by transfer payments enabled by revenue tariffs
O c. shouldered by workers in the form of decreased wages
O D. eventually passed on to consumers in the form of higher prices
Answer:
Option(D) is the correct answer to the given question .
Explanation:
The main objective of consumer protection regulation to stops the unjustified, misleading as well as the dishonest business strategies through accumulating and analyzing the rules of the business to running them.It simply means they provide the security to the buyers as well as the people .
Consumer-protection regulations Protect from the fraudulent activity and the recapitalization.All the other option are not correct for the consumer-protection regulations that's why these are incorrect optionThe costs of complying with consumer-protection regulations are basically absorbed by producers who are forced to cut into profits. Therefore, the correct option is A.
The costs of complying with consumer-protection regulations are typically absorbed by producers or businesses. Businesses may need to change their operations, invest in more resources, or alter their products or services to conform to regulatory standards when regulations are imposed to safeguard customers rights and ensure fair practices.
In some circumstances, they might raise prices to cover some of the costs, but they might also make an effort to lessen the impact on customers in order to maintain their competitiveness.
Thus, the ideal selection is option A.
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Because of poor management, the stock price of Orange Dolphin Inc. falls and many investors sell their shares. Soon Orange Dolphin becomes the target of a hostile takeover, during which Hans buys enough shares to exert control over the firm. In this scenario, Hans performs the role of a(n)
Answer: Corporate raider
Explanation:
Corporate raider is a financier who makes a hostile takeover bids for the organizations involved in order to resell back them at a profit or to control their policies.
From the question, we can notice that this is what Hans did, therefore Hans performs the role of a corporate raider.
what is buisness studies
Answer:
This is an academic subject taught in schools and at high college levels.
Explanation:
Its studies combines elements of finance, marketing,e.t.c.
Hope this helps you.
I also do this.
The days' sales uncollected ratio is used to: Multiple Choice Estimate how much time is likely to pass before the amount of accounts receivable is received in cash. Measure how many days of sales remain until the end of the year.
Answer:
The days' sales uncollected ratio is used to: Estimate how much time is likely to pass before the amount of accounts receivable is received in cash
Explanation:
The days' sales uncollected ratio is an Asset Management ratio which calculates the length of time that it to collect credit from a customer and the first option is correct.
Susan works for a salary of $3,600 per month. She has federal income tax withheld at the rate of 15%, Social Security tax at the rate of 6.2%, Medicare tax at the rate of 1.45%, and health insurance premiums of $48 per month. Susan also contributes to a savings plan. Each month, 2% of her gross pay is placed in the plan.
Answer:
$2,664.68
Explanation:
Salary $3,600
Overtime $0
Gross Pay:$3,600
Required Deductions:
Federal Tax(15%*3,600) $540
Social Security Tax(6.2%*3,600) $223.2
Medicare Tax(1.45%*3,600) $52.12
Voluntary Deductions:
Health Insurance 48
Union Dues $0
Retirement $0
Savings:( 2% *3,600)72
Other:
Total Deductions:935.32
Net Pay: (3,600-935.32) $2,664.68
Therefore Susan Net pay will be $2,664.68