Answer:
60.28%
Explanation:
The selling price per chair = $179.49
buying price per chair = $87.49
the overhead rate is 28%
Actual overheard = 28% x $87.49
=28/100 x 87.49
=0.28 x 87.49
=$24.4972
total cost price per chair = $87.49 + $24.4972
=$111.98
profit per chair
= $179.49 - $111.98
=67.51
Profitability rate = 67.51/111.98 x 100
=60.28%
James found a job with an annual salary of $62K. What is his weekly salary, rounded to the nearest dollar?
bill filed his 2022 tax return on march 15th, 2023. the statute of limitations for irs assessment on bill's 2022 tax return should end:
Option D is correct. The date that the tax return for Bill has to end would be April 15th, 2026.
What is meant by the tax return?This is the term that is used to refer to the report that a person would fill to the government telling them of the amount of money that they have earned in a year and the amount that they have paid for taxes in that year.
According to statute of limitations in IRS, the tax return is known to end after the 3 years period that it was filed. The date of filing was in March of 2023, the later date should be in April of same year. Hence it would have to end in same date 2026.
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Complete question
Bill filed his 2022 tax return on March 15th, 2023. The statute of limitations for IRS assessment on Bill's 2022 tax return should end:
A. March 15th, 2025.
B. April 15th, 2025.
C. March 15th, 2026.
D. April 15th, 2026.
E. None of the choices are correct.
which of these factors are highly similar from an intensity perspective across the project life cycle? project stake and uncertainty resources and project stake client interest and creativity creativity and resources
The correct option is (d). Creativity and resources of these factors are highly similar from an intensity perspective across the project life cycle.
A resource is an item or service that is utilised in economics to produce commodities and services that cater to the needs and desires of people. Economics divides resources, often known as components of production, into four groups: land, labour, capital, and enterprise.
A source, supply, or support is a resource if it may be exploited to generate income or other benefits. Resources are frequently untapped natural sources of riches or amenities that enhance living. Use of Company Resources: The company's time, materials, supplies, equipment, knowledge, email, and computer systems are all considered company resources.
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which of these is not true regarding the special function performed by the external auditing profession?
It serves the interests of client management rather than the public. This statement is not true regarding the special function performed by the external auditing profession.
"The special function is a testament that the financial statements of their client are fair. This function serves all users of the financial statement, to ensure they all will be receiving reliable financial information."
The special function performed by the external auditing profession is the attestation to the fairness of the financial statements of clients. Auditors need to remember that they are serving the public interest and not necessarily the interests of client management.
This question is incomplete, I have found the complete question and mentioned below:
Which of these is not true regarding the special function performed by the external auditing profession?
a. It helps ensure the reliability and integrity of the financial reporting system.
b. It exists to serve the users of the organization's financial statements.
c. It serves the interests of client management rather than the public.
d. It attests to the fairness of the client's financial statements.
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Number 2 please please help me
Answer: See explanation
Explanation:
a. Public sector simply means the sector of the economy that the government controls. Examples include the military, public education, law enforcement, etc
b. The secondary sector is the sector of the economy that is concerned with how raw materials would be processed to become finished goods. The industries in this sector include construction companies, car manufacturers, textile industries, etc.
c. The tertiary sector of the economy is the sector that is concerned with services. This sector is important because:
• it helps in the provision of basic services like health care delivery, education, etc.
• it also helps in the development of several sector in the economy such as communication, and transportation.
• it contributes a huge part to the gross domestic product of a country.
d. The reason why some ministers may want to privatize some business include
• when the resources are not being efficiently utilized and there's wastage of resources.
• to improve competition
• it also brings about increase in effectiveness and efficiency.
e. The public sector alwayw produces goods and services more efficiently than the private sector as the government always looks to tackle market failure. Apart from that, the government looks out for the welfare of the people in the society and it's main motive is not profit maximization like the private sector.
which of these are expressed powers granted by this part of article i, section 8? check all that apply.lay and collect taxes and dutiespay debtsregulate american indian groupsregulate commerce inside a stateborrow moneyregulate commerce with foreign nations
The expressed powers are
Lay and collect taxes and dutiespay debtsborrow moneyregulate commerce with foreign nationsWhat is powers?
The term “power” refers to the ability and capacity of something to act in a particular way. The ability to direct orders to a specific person or group of employees is the final requirement. The power created the fear.
The ability to lay and collect customs, pay debts, borrow money, and control commerce with other nations was never expressly granted in Article 1, Section 8 of the Constitution.
As a result, the expressed the power of the Article 1, section 8.
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What are the three advantages of high specific heat capacity of water? (write'em in points)
Answer:
organism can maintain their normal body temperatureaquatic organisms can live in a relatively stable temperaturewhat is the difference between profit and sales
Answer:
Sales does not include losses and profit takes into account sales and losses
Explanation:
Profit is like the net gain and sales is how much money was earned without taking into account losses.
the interdependecy of transportation, distribution, communication, and economic networks across international borders
The interdependency of transportation, distribution, communication, and economic networks across international borders globalization.
What is communication?Communication is referred to the exchange of information between two individuals in the form of conversation, opinion, suggestion, or advice with the help of medium or direct interaction.
Globalization is a procedure by which the planet is becoming more interlinked as a consequence of drastically expanded trade and cultural interchange taking place through communication, transportation, and so on.
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Holy macaroni! That's Almost It!
We're done with the four habits of millionaires-to-be.
Do you remember what the habits were? Let's see...
Check the sentences that best describe the "Big Four
Habits."
And you'll see this question again in the test
. You're not quite there yet. Try again.
Virtually all of the 7 million millionaires in the United States
never had to think about tomorrow, since they knew they would be
rich.
were always thinking ahead.
wanted their money to work for them.
wanted to store their money under the bed.
were looking forward to buying a lot of nice toys.
assumed all sellers were telling the truth.
learned how to make smart decisions by doing their homework.
always paid their cell phone first.
always paid themselves first.
Answer:
2,3,7 and the last one
Explanation:
Just had the same question and went back into the lesson to look . THESE TAKE FOREVER HAHA
Seven million millionaires in U.S :
we're always thinking ahead.wanted their money to work for them.learned how to make smart decisions always paid themselves first.Who are millionaires?Millionaires are those individuals who have a net worth that is equal to or are then one million units of currency.
These people include businessmen that have own business and own large amount of shares in other companies. The millionaires networth and financial assets also contribute to the nation's GDP.
Find out more information about the millionaires.
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since taxes distort market outcomes and efficiencies, should the government legalize currently illegal drugs which have very inelastic demand and heavily tax them to generate revenue?
Inelastic demand and closely tax them to generate revenue: there's no published economic evaluation of the capability effect of drug legalization on Social Welfare.
Revenue is the overall amount of income generated with the aid of the sale of goods or offerings associated with the organization's number one operations. sales additionally referred to as gross income, is frequently called the "top line" because it sits at the pinnacle of the profits assertion. profits, or net profits, is an organization's total earnings or income.
Revenue refers to the total earnings a company generates through its core operations like income from products or services, rents on belongings, routine bills, interest on borrowings, and so on. sales calculations come earlier than casting off any charges, inclusive of discounts and returns.
Revenue, additionally acknowledged surely as "income", does no longer deduct any expenses or prices related to working the commercial enterprise. earnings are the number of profits that stays after accounting for all fees, money owed, extra income streams, and operating costs.
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when interpreting measures from financial statement analysis, we need (or benchmarks) for comparisons.
In a situation of interpretation for measures from the financial statements of an organization, performance report of revenues or benchmarks are essential for comparison.
What is the significance of financial statements?The financial statements can be referred to or considered as the statements that determine the financial position of a company or an organization during a given period.
In order to assess whether the position of the company has improved in comparison to the previous period, the revenue report helps in analyzing the same. In the initial years, benchmarks are used for the purpose.
Therefore, the significance regarding the financial statements has been aforementioned.
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Answer:
standards
Explanation:
rich and poor households differ in ways that go beyond income. following are his- tograms that compare the distributions of household size (number of people) for low-income and high-income households.53 low-income households had annual in- comes less than $15,000, and high-income households had annual incomes of at least $100,000.
Both distributions are skewed to the right and single-peaked with low-income more strongly skewed
The visual depiction of data points arranged into user-specified ranges is called a histogram. The histogram, which resembles a bar graph in appearance, condenses a data series into an intuitive visual by collecting numerous data points and organizing them into reasonable ranges or bins. A histogram is an image of data that resembles a bar graph and groups several categories into columns along the horizontal x-axis.
The numerical count or percent of occurrence in the data for each column is represented by the vertical y-axis. To see how data distribution patterns look, utilize columns. Technical analysts in trading utilize the MACD histogram to show variations in momentum. Compared to the corresponding MACD and signal lines, the MACD histogram columns may provide buy and sell indications early.
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borgin inc. owns 30% of the outstanding voting common stock of burkes co. and has the ability to significantly influence the investee’s operations and decision-making. on january 1, 2021, the balance in the investment in burkes co. account was $402,000. amortization associated with the purchase of this investment is $8,000 per year. during 2021, burkes earned income of $108,000 and paid cash dividends of $36,000. previously in 2020, burkes had sold inventory costing $28,800 to borgin for $48,000. all but 25% of this merchandise was consumed by borgin during 2020. the remainder was used during the first few weeks of 2021. additional sales were made to borgin in 2021; inventory costing $33,600 was transferred at a price of $60,000. of this total, 40% was not consumed until 2022. what amount of equity income would borgin have recognized in 2021 from its ownership interest in burkes?
The amount of equity income is mathematically given as
CI= $22,672
This is further explained below.
What amount of equity income would Borgin have recognized in 2021 from its ownership interest in burkes?Generally, The amount of capital income that Borgin would realize in 2021 as a result of the company's ownership stake in Burkes
CI = [(108,000 × 0.30) – 8,000 + [(48,000 – 28,800) × 0.25 × 0.30) – [(60,000 – 33,600) × 0.40 × 0.30)
CI= 24,400 + 1,440 – 3,168
CI= $22,672
In conclusion, the amount of equity income
CI= $22,672
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correll company, which operates a mail-order clothing business, is physically located in state l. this year, the firm shipped $18 million of merchandise to customers in state r. state r imposes a 6 percent sales and use tax on the purchase and consumption of retail goods within the state.
Yes, State R residents who purchased Firm L merchandise owe use tax on their purchases.
The state would collect $1,080,000 additional state revenue.
Following is the respective explanation for the given answers -1. Yes, use tax must be paid on purchases made by residents of State R from Firm L (located outside of State R).
Retail purchases and consumption inside State R are subject to a 6% sales and use tax.
In State R, the cost of items to customers is $18 million.
For State R, Correll might receive $1,080,000 ($18 million * 6%).
2. For State R, Correll might receive $1,080,000 ($18 million * 6%).
State R would earn $1,080,000 more in revenue ($18 million * 6%) if Correll was required to collect the use tax at the moment of sale and then pay the tax earned to it.
Complete Question -Correll Company, which operates a mail-order clothing business, is physically located in State L. This year, the firm shipped $18 million of merchandise to customers in State R. State R imposes a 6 percent sales and use tax on the purchase and consumption of retail goods within the state.
Required:
a. Do State R residents who purchased Firm L merchandise owe use tax on their purchases?
b. If State R could legally require Firm L to collect a 6 percent tax on mail-order sales made to residents of the state, how much additional revenue would the state collect? Explain the reasoning behind your answer.
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project management is a necessary discipline in many businesses because: multiple select question. new products must be developed and introduced to the market quickly. corporate priorities are expanding to include environmental and social issues. projects play an increasing role in the strategic direction of firms. few college programs are teaching project management.
Project management is a necessary discipline in many businesses because middle management ranks are smaller than in past generations, corporate priorities are expanding to include environmental and social issues, and new products must be developed and introduced into the market quickly.
Project management is the process of directing the work of a team to achieve all project goals within given constraints. This information is typically documented in project documentation created early in the development process. The main constraints are scope, time and budget.
What is the main purpose of project management?
In other words, the purpose of project management is to plan and direct projects to successfully complete the stated goals and outcomes. This includes identifying and managing risks, prudent resource management, intelligent budgeting, and clear communication between multiple teams and stakeholders.
What are the benefits of project management?
You are more likely to get the results you want. Get a new perspective on your project and how it fits into your business strategy. Prioritize company resources and ensure they are used efficiently. Set a clear scope, schedule, and budget from the start.
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In any economic system, scarce resources have to be allocated among competing uses. Market economies harness the forces of.
A market economy utilizes the forces of supply and demand to allocate scarce resources.
The market economy system is an economic system that determines decisions related to investment, production, and distribution based on supply-demand relationships that determine the prices of goods and services. The main characteristic of a market economy is making investment decisions or distributing production goods through capital and financial markets.
In a market economy, economic problems are solved entirely by the market. Market dominance depends on pricing and the methods chosen by producers and consumers in the process of production and consumption. The market economy system was initially adopted by most of the free-thinking countries, especially the United States. Currently, most countries in the world have started to leave the market economy and choose another economic system.
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are there elements of the strategic sourcing process used at federal express that apply to other companies?
Yes, there are elements of strategic sourcing process which are used at Federal Express that apply to other companies.
Strategic sourcing at Federal Express has enabled the corporation to re-engineer its approach in order to manage the suppliers and other indirect activities and groups which tend to involve in the corporation's supply chain.
Such indirect activities tend to represent the functions which do not have a direct customer touch-point, thus, enable such activities which are essential in order to deliver services to end users.
Hence, the examples of best practices are offered to other organizations by the Federal Express centralization process.
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If the united states government raises the income taxes on the wealthiest americans, while increasing welfare payments to the poorest americans, the result will likely be.
If the united states government raises the income taxes on the wealthiest Americans, while increasing welfare payments to the poorest Americans, the result will likely be decreased inefficiency.
What is an income tax?It should be noted that an income tax simply means the levy that's paid by employees in companies.
A tax placed on people or organizations in relation to their income or profits is known as an income tax. Tax rates multiplied by taxable income are typically used to calculate income taxes. Tax rates might change depending on the taxpayer's attributes and source of income.
In this case, when there's an increase in the income tax, this can affect the workers and lead to a reduction in their efficiency at work.
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In which book of accounts do businesses record their daily financial transactions? Businesses record their daily financial transactions in a , also known as the businessperson’s diary.
Answer:
Journal not whatever the other person said
Explanation:
)The minimum wage is a type of 5SEMIZE DOK: 1)
price floor
B. comparable worth
C. price celllng
D. marginal price
Who can provide me some examples of businesses?
Answer:
hi!
Explanation:
you should plan out your bisnuse ! and get your invitory try making cards hope this helps!
is lowering the value of a nation's currency relative to other currencies. multiple choice deflation revaluation negative valuation devaluation
Devaluation is the lowering of the value of a nation's currency relative to other currencies. The correct option of this question is d i.e Devaluation
Devaluation is the calculated lowered adjustment of the value of a country’s currency relative to other currencies or currency standards. Devaluation is decided on and done by the government issuing the currency. Devaluation is a tool typically used to boost exports and shrink trade deficits.
By lowering the comparative value of a currency it reduces the cost of exports and increases cost of imports and thus combats trade imbalances. Though this relative decrease of value of a nation’s currency can lead to increased aggregate demand, higher gross domestic product (GDP) and inflation.
The other options are incorrect because:
Deflation is the decrease in the costs of goods and services. It occurs when there is a negative inflation rate i.e. below 0%.Revaluation is the opposite of devaluation and is defined as the calculated increased adjustment of a nation’s exchange rate relative to a standard.Negative valuation is not a proper term as it does not provide any meaningful information.You can learn more about devaluation at
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14. Resources minus capital equals:
A Assets
B. Liabilities
C. revenues
D. Equity
B). 'Liabilities' is equal to the Resources minus capital.
LiabilitiesLiability is described as the 'amount of money in a company that is owed to someone. It is the money that has to be paid in the future.Some examples of liabilities can be;
TaxDebtInterestMortgage paymentsTherefore, when the capital(money owned) is subtracted from the resources of the business, the amount left is called debt or liability that one is liable to pay to someone. Hence, option B is the correct answer.
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taking a long-term perspective on helping the natural environment and building tomorrow’s business opportunities while effectively managing today’s business is a form of competitive advantage known as .
Taking a long-term perspective on helping the natural environment and building tomorrow’s business opportunities while effectively managing today’s business is a form of competitive advantage known as sustainability.
What is a business?It should be noted that a business simply means an entity that's involved in the production of goods and services.
An environmentally conscious company thinks about its impact on society and the environment in addition to its financial performance. Such a business is sustainable because it helps maintain the integrity of the building in which it works, creating a setting in which the business may flourish.
Therefore, sustainability has to do with Taking a long-term perspective on helping the natural environment
In conclusion, the correct option is sustainability.
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an investor in able inc. would like to understand able's availability of resources to pay its short-term cash requirements. this type of analysis is known as a(n) (efficiency/liquidity) measure.
A type of analysis to understand Able's availability of resources to pay its short-term cash requirements is known as a liquidity measure.
What is liquidity?Liquidity can be defined as the rate at which an asset or resource such as physical equipment, can be used to purchase any goods or services. This ultimately implies that, liquidity is a characteristics (quality) of money as a medium of exchange around the world.
In Financial accounting, liquidity is simply a measure of the availability of resources to pay current, liabilities, short-term cash requirements, or operating expenses of an entrepreneur or business firm.
Therefore, an analysis of the availability of resources is typically aimed at a company's funding requirements and ability to meet its financial obligations.
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the five types of resources to be considered in operations strategy are: physical resources such as manufacturing plants, warehouses, production equipment, tools, offices, and vehicles human resources, including employees of all skill levels and abilities ip, software, and methods, which comprise all organizational knowledge such as information, processes, trade secrets, and software programs ecosystem resources, which are the important resources that belong to partners, including suppliers, distributors, and customers financial resources, which are the finances available to operations for developing and acquiring the four other classes of resources
The five types of resources to be considered in operations strategy are: physical resources such as manufacturing plants, warehouses, production equipment, tools, offices, and vehicles human resources, including employees of all skill levels and abilities ip, software, and methods, which comprise all organizational knowledge such as information, processes, trade secrets, and software programs ecosystem resources, which are the important resources that belong to partners, including suppliers, distributors, and customers financial resources, which are the finances available to operations for developing and acquiring the four other classes of resources
This problem is True statement.
What is financial resources?
The sources through which businesses acquire the money they require to finance their current operations, investments, and capital. Three general sources—financial institutions, capital markets, and owners' equity (capital stock)—provide an organization with the money it requires. Deposits made into banks, such as those made into checking and money market accounts. Stock holdings: Publicly traded stocks are easily convertible to cash and are regarded as a company's financial resources.
Therefore,
This problem is True statement.
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mc which economist was used to explain the seen... which economist was used to explain the seen vs. the unseen?
The economist cited to contrast the seen and the unseen was Frederic Bastiat.
Famous for his theories regarding the state's function in economic development, Frederic Bastiat (1801–1850) was a philosopher and economist of the 19th century. The idea or practice of taxing imported goods to preserve a nation's native industries from outside competition was known as protectionism, and Bastiat was well known for pointing out its shortcomings. The economist cited to contrast the seen and the unseen was Frederic Bastiat. He was renowned for using satire to expose flawed political and economic ideologies.
Although he was not living when the Austrian school of economics developed, Frederic Bastiat is frequently credited with having influenced it because of his ardent support for free trade and limited government.
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A manufacturer of bolts has a quality-control policy that requires it to destroy any bolts that are more than standard deviations from the mean. The quality-control engineer knows that the bolts coming off the assembly line have mean length of cm with a standard deviation of cm. For what lengths will a bolt be destroyed?.
Answer:
The bolts that are outliers will be destroyed.
Explanation:
You will be given an LCL and UCL. anything that falls outside of that range will be destroyed.
You did not provide the LCL and UCL for me to devise the outliers on the bell curve.
Johnston, Inc., engaged in the following transactions involving treasury stock.
Feb. 10 Purchased for cash 17,000 shares of treasury stock at a price of $31 per share.
June 4 Reissued 6,000 shares of treasury stock at a price of $34 per share.
Dec. 22 Reissued 4,000 shares of treasury stock at a price of $22 per share.
a. Prepare general journal entries to record these transactions.
Answer and Explanation:
The journal entries are shown below
On Feb 10
Treasury stock Dr (17,000 shares × $31) $527,000
To cash $527,000
(Being the treasury stock purchased for cash is recorded)
On June 4
Cash (6,000 shares × $34) $204,000
To Treasury stock (6,000 shares × $31) $186,000
To Additional paid in capital - Treasury stock (6,000 shares × $3) $18,000
(being the reissuance of the treasury stock is recorded)
On Dec 22
Cash (4,000 shares × $22) $88,000
Additional paid in capital - Treasury stock (4,000 shares × $9) $36,000
To Treasury stock (4,000 shares × $31) $124,000
(being the reissuance of the treasury stock is recorded)