Arthur crafts miniature chocolate dollhouses which he sells for $28 each. Arthur has calculated the breakeven level of revenues for his business at $998 of sales. The dollhouses have a variable cost of $12 to produce per unit.
If his fixed costs double, what is the new breakeven point in units?
Answers
Arthur makes chocolate dollhouses that he sells for $28 per unit.
The new breakeven point in units is 125 units.
It costs him $12 to produce each unit. If Arthur has calculated the breakeven level of revenues for his business at $998 of sales and his fixed costs double, what is the new breakeven point in units?
Given Arthur’s current sales, we can calculate the number of units he sold by using the following equation:
Sales = Price per unit x Number of units sold
Sales = $28 x Number of units sold
For Arthur, if the breakeven level of revenues for his business is $998, then the number of units of chocolate dollhouses he needs to sell to break even is:
$998 = $28 x Number of units sold
Number of units sold = $998 / $28
Number of units sold = 35.64 units or 36 units (rounded up)
Thus, Arthur needs to sell 36 units to break even, given his current fixed and variable costs.
Now, if his fixed costs double, we can use the following formula to determine his new breakeven point:
Breakeven point = Fixed costs / (Price per unit - Variable cost per unit)
Since Arthur’s sales price and variable cost per unit have not changed, the only variable in the formula is the fixed costs. If his fixed costs double, then the new fixed costs would be:
$998 x 2 = $1996
Substituting this into the formula, we get:
Breakeven point = $1996 / ($28 - $12)
Breakeven point = $1996 / $16
Breakeven point = 124.75 units or 125 units (rounded up)
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Related Questions
What is the relationship between interest rates and aggregate spending?
A.
when interest rates increase, aggregate spending also increases
B.
when interest rates increase, aggregate spending decreases
OC. they do not have any relation
OD
both the factors are affected favorably by any external factor
O E.
both the factors are affected adversely by any external factor
Answers
Answer:
B. when interest rates increase, aggregate spending decreases
Explanation:
Interest rates and aggregate spending have an inverse relationship. An increase in interest rates results in a decrease in aggregate expenditure. Interest refers to the cost of money, while aggregate spending is the total consumption in the economy.
When the cost of money is high, firms and households will stop borrowing, which reduces spending. It means businesses will not expand, and domestic consumption reduces. The net effect is a lower demand for goods and services, resulting in lower aggregate spending.
Answer:
when interest rates increase, aggregate spending decreases
Explanation:
I just took the test, good luck everyone
Question 3
You should plan on spending two
thirds of your paycheck on rent and
household expenses.
True.
False.
Question 4
Answers
Answer:
true
Explanation:
i think it true sorry if im wrong
Selected transactions for Sophie’s Dog Care are as follows during the month of March. March 1 Paid monthly rent of $1,460. 3 Performed services for $170 on account. 5 Performed services for cash of $90. 8 Purchased equipment for $730. The company paid cash of $100 and the balance was on account. 12 Received cash from customers billed on March 3. 14 Paid wages to employees of $640. 22 Paid utilities of $88. 24 Borrowed $1,830 from Grafton State Bank by signing a note. 27 Paid $270 to repair service for plumbing repairs. 28 Paid balance amount owed from equipment purchase on March 8. 30 Paid $2,200 for six months of insurance. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Answers
Answer:
March 1
Dr Rent expense $1460
Cr Cash $1460
March 3
Dr Accounts receivable $170
Cr Service revenue $170
March 5
Dr Cash $90
Cr Service revenue $90
March 8
Dr Equipment $730
Dr Cash $100
Cr Accounts payable (730-100) $630
March 12
Dr Cash $170
Accounts receivable $170
March 14
Dr Salaries and wages expense $640
Cr Cash $640
March 22
Dr Utilities expense $88
Cr Cash $88
March 24
Dr Cash $1830
Cr Notes payable $1830
March 27
Dr Maintenance and repairs expense $270
Cr Cash $270
March 28 Accounts payable $630
Cash $630
March 30
Dr Prepaid insurance $2200
Cr Cash $2200
Explanation:
Preparation of Journal entries
March 1
Dr Rent expense $1460
Cr Cash $1460
(To record rent expense paid)
March 3
Dr Accounts receivable $170
Cr Service revenue $170
(To record services performed on account)
March 5
Dr Cash $90
Cr Service revenue $90
(To record services performed for cash)
March 8
Dr Equipment $730
Dr Cash $100
Cr Accounts payable (730-100) $630
(To record equipment purchased)
March 12
Dr Cash $170
Accounts receivable $170
(To record cash received from customers)
March 14
Dr Salaries and wages expense $640
Cr Cash $640
(To record wages paid to employees)
March 22
Dr Utilities expense $88
Cr Cash $88
(To record utilities expense paid)
March 24
Dr Cash $1830
Cr Notes payable $1830
(To record cash borrowed by signing a note)
March 27
Dr Maintenance and repairs expense $270
Cr Cash $270
(To record cash paid for repairs)
March 28 Accounts payable $630
Cash $630
(730-100)
(To record cash paid to accounts payable)
March 30
Dr Prepaid insurance $2200
Cr Cash $2200
(To record prepaid insurance paid)
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Discuss any 5 approaches of Industrial Relations; highlight their
application to Nigeria.
Answers
1. Unitary Approach: This approach views the organization as a single entity with common goals. The employer and employees have a shared interest in the success of the organization. In Nigeria, this approach is not commonly practiced due to the distrust between employers and employees.
2. Pluralistic Approach: This approach recognizes that the workplace is a complex social system with multiple interest groups. It encourages the participation of employees and unions in decision-making processes. This approach is practiced in Nigeria, but the influence of unions has been weakened by government regulations.
3. Radical Approach: This approach views the workplace as a battleground between labor and capital. It advocates for the overthrow of the capitalist system and the establishment of a socialist system. This approach is not practiced in Nigeria due to the country's capitalist economic system.
4. Human Relations Approach: This approach emphasizes the importance of interpersonal relationships in the workplace. It recognizes the emotional and social needs of employees and encourages the creation of a positive work environment. This approach is practiced in Nigeria, but the focus on productivity and profitability often overshadows the emphasis on employee well-being.
5. Systems Approach: This approach views the workplace as a complex system of interrelated parts. It recognizes that changes in one part of the system can have an impact on other parts of the system. This approach is practiced in Nigeria, but the focus on short-term goals often leads to a lack of attention to the long-term effects of decisions.
In conclusion, Nigeria has adopted a pluralistic approach to industrial relations, but the influence of unions has been weakened by government regulations. The focus on productivity and profitability often overshadows the emphasis on employee well-being. The systems approach is also practiced in Nigeria, but the focus on short-term goals often leads to a lack of attention to the long-term effects of decisions.
The five approaches of Industrial Relations include the unitarist approach, pluralist approach, Marxist approach, systems approach, and radical approach.
The unitarist approach assumes that there is a shared interest between employers and employees, and conflict is an abnormality. The pluralist approach recognizes different groups in the workplace with different interests and power, leading to the need for negotiation and compromise.
The Marxist approach views class struggle as inherent in capitalist societies and advocates for the elimination of the class system. The systems approach considers the organization as a system and emphasizes the need for balance and harmony among its components. The radical approach seeks to dismantle the existing system and replace it with a new, more equitable one.
In Nigeria, the pluralist and Marxist approaches are commonly used, with the former emphasizing collective bargaining and the latter advocating for workers' rights and the elimination of the class system. The unitarist approach is less prevalent, and the systems and radical approaches have limited application.
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you have decided that you want to attend a costume party as your favorite marvel character. you estimate that it will cost $60 to assemble your costume. after spending $60 on the costume, you realize that the additional pieces you need will cost you $35 more. the marginal cost of completing the costume is .
Answers
The marginal cost of completing the costume is $35.
The difference in overall production costs caused by creating or producing one more unit is known as the marginal cost.
We have given in the question,
Estimate cost = $60
Spending on costume = $60
Additional pieces cost = $35
To find out the marginal cost of completing the costume is:
We know where we consume $60 and we spent that all then $35 need more
So here we can say that marginal cost is the cost added for getting an additional unit of product or service.
And the last products demanded costs = $35
Therefore, it is the marginal cost i.e $35.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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business stat
question:
A company is creating three new divisions and 17 managers are
eligible to be appointed head of a division. How many different
ways could the
three new heads be appointed?
Answers
The total number of ways the three new directors can be appointed is nCr = n!/r!(n - r)! = 17C3= 680.
Given that a company is creating three new divisions and 17 managers are eligible to be appointed head of a division. We need to determine the number of different ways that the three new heads be appointed.
The number of ways of choosing r things from n different things, without regard to order, is given by the formula:
nCr = n!/r!(n - r)!
Where n = 17 and
r = 3
There are 17 ways to choose the first division head, 16 ways left to choose the second division head, and 15 ways left to choose the third division head.
However, since order doesn't matter, we need to divide by the number of ways to order the three division heads, which is 3! (or 6).
Answer: 680.
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Prepare a report that gives insight into the purchase behavior of customers who use the rm loyalty card.
Answers
The report provides insights into the purchase behavior of customers using the RM loyalty card, including patterns, preferences, frequency, and expenditure analysis.
The report aims to analyze the purchase behavior of customers who utilize the RM loyalty card. It delves into various aspects to gain valuable insights. Firstly, it examines purchasing patterns, identifying the most popular products or services customers tend to buy. This helps understand consumer preferences and demand trends. Secondly, the report explores the frequency of purchases, determining how often customers utilize their loyalty cards for transactions. This sheds light on customer engagement and loyalty levels. Additionally, the report analyzes expenditure patterns, assessing the average amount spent by customers per transaction or over a specific period. This information aids in understanding customer spending habits and potential opportunities for upselling or cross-selling. By examining these aspects, the report provides a comprehensive view of the purchase behavior of RM loyalty card customers, enabling informed decision-making and targeted marketing strategies.
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David has just joined a new company. His employer offers a number of different insurance policies as one of its employee benefits. For example, his employer’s (1) insurance covers prescription drugs and immunizations. David will also be receiving (2) insurance at no cost from his employer.
Options for 1: casualty, health, life
Options for 2: automobile, disability, renters
Answers
Answer:
Health; automobile.
Explanation:
In Insurance, risk tolerance refers to the willingness of an individual or organization to take a risk in business transactions in order to get a potentially positive reward.
Simply stated, risk tolerance in insurance is the willingness of an insured individual to increase his or her Self-Insured Retentions (SIRs) or deductibles by the insurer. For instance, the high risk associated with investments such as stocks, high-yield bonds, is often perceived by investors to be worth the higher reward such investment brings.
Generally, insurance companies across the globe charge millions of their customers (insured) premiums every year. This gives them the privilege of having a pool of cash which can be used to cover the cost of losses and destruction to the asset of a small fraction or percentage of its customers.
This simply means that, since insurance companies collect premium from all of their customers for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.
In this scenario, David has just joined a new company. His employer offers a number of different insurance policies as one of its employee benefits. For example, his employer’s health insurance covers prescription drugs and immunizations. David will also be receiving automobile insurance at no cost from his employer.
Answer:
Health and Disablilty
Explanation:
I just took the test
Barry Olson has mastered strong technical skills as the manager of a large toy store. He is very skilled at all the aspects of managing the store and the employees of the store. Soon, he will take a new position as regional manager for several toy stores. His boss remarked to him last week that he will be utilizing his _____ skills to communicate, coach, and motivate managers who have positions similar to his old position.
Answers
Answer:
human
Explanation:
Human skills are the skills that can be related to one another. The person who have the strong human skills that could easily engaged with the audience, potential customer. ALso at the same time they would able to connect with the people and those people who feel the individual at personally level
So as per the given situation it is a human skills
Describe a time when you had to schedule and/or prepare severalevents simultaneously.
Answers
in recent years, real wages of the least educated workers:
1- have increased faster than the real wages of college-educated workers
2-have decreased, while the real wages of college-educated workers have increased
3-have increased, but by less than the real wages of college-educated workers.
4-have decreased at about the same rate as the real wages of college-educated workers
5- have decreased, but by less than the real wages of college-educated workers
Answers
In recent years, the real wages of the least educated workers have increased, but by less than the real wages of college-educated workers. (3)
This trend can be attributed to several factors. Firstly, technological advancements have increased the demand for skilled labor, leading to higher wages for college-educated workers.
Secondly, globalization has resulted in a shift of low-skilled jobs to countries with lower labor costs, suppressing wage growth for the least educated workers. Lastly, an increase in the supply of college-educated workers due to a higher emphasis on education has widened the wage gap between the two groups.
While real wages have increased for both groups, the gap between them has continued to grow, with college-educated workers experiencing a larger increase in real wages compared to their less educated counterparts.
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the difference between direct labor and indirect labor is that direct labor blank . multiple choice question. is a manufacturing cost and indirect labor is a period cost is a variable cost, while indirect labor is a fixed cost is a manufacturing overhead cost, while indirect labor is not can be easily traced to jobs, while indirect labor cannot
Answers
The difference between direct labor and indirect labor is that direct labor can be easily traced to jobs, while indirect labor cannot.
Option D is correct.
Who is the indirect worker?Employees who are not directly involved in the production process of finished goods or services are referred to as "indirect labor." However, they must support the ecosystem that includes accountants, human resources, sales and marketing teams, and so on.
How does direct labor work?The salaries and wages paid to workers that can be directly attributed to particular goods or services are referred to as direct labor. It covers things like the cost of regular working hours, overtime, payroll taxes, unemployment taxes, Medicare, and employment insurance, among other things.
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Complete Question:
Multiple choice question
The difference between direct labor and indirect labor is that direct labor ______.
A) a manufacturing cost and indirect labor is a period cost is a variable cost.
B) indirect labor is a fixed cost is a manufacturing overhead cost.
C) indirect labor is not can be easily traced to jobs.
D) can be easily traced to jobs, while indirect labor cannot.
Answer:can be easily traced to jobs while indirect labor cannot
Explanation:
Explain 5 documents involved in the formation of a company i need answers asap
Answers
Answer:
Memorandum of Association, Articles of Association, consent of proposed directors, agreement, statutory declaration and payment of fee.
You might be passed over for a promotion due to your image if you __________. a. Speak eloquently and without verbal tics b. Dress as well as your supervisors do every day c. Keep personal pictures publicly available online d. All of the above Please select the best answer from the choices provided A B C D
Answers
Answer:
I think it would be D but i am not for sure:]
Explanation:
Answer:
c
Explanation:
just took the test
thanks to the dean’s excellent planning and the student groups’ hard work, is achieved. the campus looks beautiful for the educational conference.
Answers
Absolutely, it's always wonderful to see when planning and hard work come together to create a positive outcome! In this case, it sounds like the Dean and student groups have put in a lot of effort to make the campus look beautiful for the educational conference.
It's important to note that creating an aesthetically pleasing environment can have a significant impact on people's overall experience. When people are surrounded by visually appealing surroundings, it can help to create a positive mood and foster a sense of comfort and relaxation.
This can be particularly important for events like educational conferences, where attendees may be spending long hours sitting in lectures or participating in workshops.
There are many ways that the campus can be made to look beautiful, and it's likely that the Dean and student groups have put a lot of thought into the specific details.
This might include things like planting flowers and other greenery to create a welcoming atmosphere, hanging banners or other signage to provide information and add color, or arranging seating areas to encourage socialization and conversation.
Overall, the effort that has gone into making the campus look beautiful for the educational conference is likely to be appreciated by attendees and could help to make the event more enjoyable and successful.
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A seller wants to net $350,000 from the sale of her home. The listing broker will receive a 5% commission. The closing costs are estimated at $7,500. At what price must this home sell to achieve this goal? Select one: a. $380,319. b. $376,316. c. $375,921. d. $379,840
Answers
The price that the seller must sell the house to be able to achieve the various sales goals is b. $376,316.
How to find the price ?To find the price that the seller needs to sell her home, the closing costs, the commission, and the amount to be neted from the home sale, need to be included in the price of the house.
The price of the house would therefore be:
= Amount that seller wants to net from the house + Commission to the broker + Closing costs
Assuming this amount is x, we have :
x = 350, 000 + .0. 05x + 7, 500
x - 0. 05 x = 350, 000 + 7, 500
0. 95x = 357, 500
x = 357, 500 / 0. 95
x = $376,316
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ways in which government can regulate the setting up of businesses
Answers
Answer:
Tax Code. For most small business owners, government regulation questions almost always begin with taxes. ...Employment and Labor Law. ...Antitrust Laws. ...Advertising. ...Email Marketing. ...Environmental Regulations. ...Privacy. ...Licensing and Permits.Hope this is helpful to you
How can choosing the right institution help you manage money effectively?
Answers
Answer:
You may get a better job, or it may make you more responsible. The money is the main thing, you will get paid better, so you wont have to worry abt money i guess.
Explanation:
which is true about best practice frameworks and standards?
Answers
Best practice frameworks and standards provide guidance and structure for effective processes and operations.
Best practice frameworks and standards are established guidelines that provide a roadmap for organizations to follow in order to achieve desired outcomes.
These frameworks and standards are based on proven methodologies and successful experiences, and provide a common language and understanding for organizations. They help organizations to develop and maintain efficient and effective processes and operations, and ensure that tasks are completed consistently and to a high standard.
Adherence to these frameworks and standards can lead to improved quality, increased productivity, and better overall outcomes for organizations. They also provide a benchmark for organizations to assess their performance against and to identify areas for improvement.
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a company has 1000 employees on average and they spend, on average, 8 years with the company. what is the number of new employees recruited each year and the average tenure of an employee?
Answers
A company wih 1000 employees on average, where each employee spends 8 years with the company, recruits approximately 125 new employees each year, and the average tenure of an employee is 8 years.
1. Calculate the total number of employee-years: Multiply the average number of employees (1000) by the average tenure of an employee (8 years).
Total employee-years = 1000 employees * 8 years = 8000 employee-years.
2. Calculate the number of new employees recruited each year: Divide the total employee-years by the average tenure.
New employees per year = 8000 employee-years / 8 years = 1000 / 8 = 125 new employees per year.
3. The average tenure of an employee is already given as 8 years.
A company wih 1000 employees on average, where each employee spends 8 years with the company, recruits approximately 125 new employees each year, and the average tenure of an employee is 8 years.
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Sharon contributed property to the newly formed QRST Partnership. The property had a $100,000 adjusted basis to Sharon and a $160,000 fair market value on the contribution date. The property was also encumbered by a $90,000 nonrecourse debt, which was transferred to the partnership on that date. Sharon is treated as a general partner. She is allocated 30% of QRST's profits and 20% of QRST's losses. Sharon's basis in the partnership interest after the formation transaction is:
Answers
Answer: $37000
Explanation:
Sharon's basis in the partnership interest after the formation transaction is calculated below:
Adjusted basis of property to Sharon = $100,000
Less: Basis in mortgage = $90000 × (100% - 30%) = $90000 × 70% = $63000
Then, Sharon's basis in the partnership interest after the formation transaction will be:
= $100000 - $63000
= $37000
According to the fdic community banks have less than what in assets than most cases
Answers
According to the FDIC, community banks have less than $ 10 million in assets in most cases.
An asset refers to economic or financial bonds that can act as benefits and rewards in the future. A community bank refers to a banking institution that is locally owned and looked over. It is not an official banking system. The local community looks after the finance, transactions, and loans.
FDIC stands for Federal Deposit Insurance Corporation. It looks after the supply of insurance deposits and looks after the safety and security of the deposits. This institution works with two agencies- American depository institutions and the National Credit Union Administration.
According to the definitions created by FDIC, any bank containing less than $ 10 million in assets is known as a community bank.
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please please help. i need 2,3, and 4 . it is due tomorrow
Answers
Answer:
2. Filing for bankruptcy is when the court decides whether to discharge your debts and those who owe are no longer legally required to pay them. It is on a credit report because it shows what you can pay for and what you can't.
3.Pay Your Bills on Time, Pay off Debt and Keep Balances Low on Credit Cards, and apply for and Open New Credit Accounts as Needed.
4.TransUnion, Equifax, and Experian.
Explanation:
How does financial planning help individuals?
Financial planning helps individuals to make smart
A. investments
B. insurance
C. Infrastructure
and save taxes.
A competent financial advisor will always advise their clients to
A. quantify
B. combine
C. diversify
their portfolio to reduce risks.
Answers
The most important, most convenient, and most flexible way in which the Federal Reserve affects the supply of bank reserves is through:
Answers
Answer: open market operations
Explanation:
A great feature of QBO is that there are other lists you can utilize to make it easier to fill forms.
Where would you go to find these extra lists?
Answers
To find the extra lists in QuickBooks Online (QBO) that can make it easier to fill forms, you would go to the Gear Icon in the top right corner of the QBO window and click on "All Lists" under the "Lists" column.
Among the additional lists accessible in QBO are:
Chart of Accounts: A list of all accounts used in QBO to categorise transactions.Products and Services: A list of all the goods and services you provide.Customers: A list of all of your customers' contact details.Vendors: A collection of all your vendors' contact details.Classes and Locations: These are lists that you can use to categorise your transactions for tracking and reporting.Payment Methods: A list of every payment method you accept.Terms: A list of the payment options you provide to your consumers.Using these lists will help you save time and fill out forms in QuickBooks Online more properly.For such more question on QuickBooks:
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Mr. J had the following sources of interest income in the current year. Mr. J follows the cash method of reporting his personal interest income and has correctly reported interest income for all prior years on all of his investments.
Personal Savings account – interest received
$515
Prior year income tax refund – interest received
185
1-year guaranteed investment certificate – interest accrued to December 31st
117
3-year guaranteed investment certificate – interest received
3,153
The 1-year guaranteed investment certificate was purchased on September 1st of the current year for $10,000. The interest rate is 3.5% to be paid on maturity on August 31st next year.
The 3-year guaranteed investment certificate was purchased on July 1st 3 years ago and matured on June 30th of the current year. The investment was for $20,000 with a 5% annual interest rate. The interest compounded annually and was payable only on maturity.
What is Mr. J’s taxable interest income for the current year, rounded to the nearest dollar?
A. 700
B. 1803
C. 1700
D. 3853
Answers
Mr. J’s taxable interest income for the current year, rounded to the nearest dollar is $1,803.(Option B)
Interest income is a type of income generated from money lent or deposited by an individual or entity. Interest income comes from investments made in fixed-income securities, such as bonds, certificates of deposit (CDs), or interest-bearing bank accounts like savings or money market accounts.
On September 1st, Mr. J purchased a 1-year guaranteed investment certificate for $10,000 with an interest rate of 3.5%, which will be payable on maturity on August 31st of next year. Therefore, on December 31st of the current year, the interest to be accrued for four months is:3.5/12 × $10,000 × 4 = $116.67
Mr. J purchased a 3-year guaranteed investment certificate on July 1st three years ago, which matured on June 30th of the current year. Mr. J has not received any interest until the investment was matured. The investment was for $20,000 with a 5% annual interest rate compounded annually.Therefore, the total amount received by Mr. J is:5% of $20,000 = $1,000
Since it is an annually compounded investment, the interest earned will be:Year 1: $20,000 × 5% = $1,000Year 2: $21,000 × 5% = $1,050Year 3: $22,050 × 5% = $1,102.50Total: $3,152.50
Personal savings account interest received: $515Prior year income tax refund interest received: $1851-year guaranteed investment certificate interest accrued: $116.673-year guaranteed investment certificate interest received: $3,152.50Total Interest Income: $3,969.17Mr. J follows the cash method of reporting his personal interest income, so his taxable interest income for the current year is:$515 + $185 + $3,152.50 = $3,852.50Round the answer to the nearest dollar:$3,852.50 ≈ $3,853
Therefore, Mr. J’s taxable interest income for the current year, rounded to the nearest dollar, is $1,803. Answer: Option B.
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Poitioning" i a marketing management aid that refer to: _________ A. How cutomer think about propoed and/or preent brand in a market
Answers
Positioning is a marketing management tool that describes how consumers perceive existing and/or potential brands in a certain market. So, the suitable option will be option (a).
Give a brief account on marketing management.Marketing management applies economics and competitive strategy techniques to analyze the business environment in which the organization works. Marketers use SWOT analysis to focus on the relative competitive strengths and weaknesses of each competitor in the market as they create extensive profiles of each competitor. Marketing managers will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.
Market and marketing research are frequently conducted by marketing management in order to undertake marketing analysis. Although there are many techniques used by market researchers, the following are some of the most common ones :
Focus groups and different kinds of interviews are examples of qualitative marketing research.statistics surveys are examples of quantitative marketing research.experimental methods, including test marketsTechniques of observation like ethnographic (on-site) observationTo know more about, marketing management, visit :
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The complete question is mentioned below :
"Positioning" is a marketing management aid that refers to: ______
A) how customers think about proposed and/or present brands in a market.
B) a product's ability to provide both immediate satisfaction and social responsibility.
C) how a firm approaches customer relationship management.
D) a firm's ability to distribute products through intermediaries who are in the right position to reach target customers.
E) all of these alternatives are true.