Donna and Chris Hoser have been married for 3 years. Donna works as nurse at Tarleton Memorial Hospital. Chris is a full-time student at Southwest Texas State University (STSU) and also works part-time during the summer at Tarleton Hospital. Chris' birthdate is January 12, 1995 and Donna's birthdate is November 4, 1997. Donna and Chris's each received a W-2 form from Cypress Corporation (see separate tab).
The Hosers have interest income of $1,000 on Erath County (TX) bonds. Donna and Chris also received the following Form 1099-INT and 1099-DIV:
Chris is an excellent student at STSU. He was given a $1,750 scholarship by the university to help pay educational expenses. The scholarship funds were used by Chris for tuition and books.
Last year, Donna was laid off from her former job and was unemployed during January 2021. She was paid $1,850 of unemployment compensation until she started work with her current employer, Tarleton Hospital.
Chris has a 4-year-old son, Robert R. Hoser, from a prior marriage that ended in divorce in 2019. During 2021, he paid his ex-wife $300 per month in child support. Robert is claimed as a dependent by Chris's ex-wife.
During 2021, Chris' aunt died. The aunt, in her will, left Chris $15,000 in cash. Chris deposited this money in the Lone Star State Bank savings account.
Donna and Chris received a $2,800 EIP in 2021.
Required:
Complete the Chris' Form 1040, Schedule 1, and the Qualified Dividends and Capital Gain Tax Worksheet. The Hoser's had health cover for the entire year. They do not want to make any contribution to the presidential election campaign. Make any other realistic assumptions about any missing data. If an amount box does not require an entry or if an amount is zero, enter "0". Enter amounts as positive numbers. If required, round amounts to the nearest dollar.
Answers
However, I can offer some general guidance on how to approach Chris Hoser's tax situation based on the provided information. Please note that this is a simplified overview and it's always recommended to consult a tax professional or use tax software to ensure accurate and personalized tax preparation.
1. Employment Income: Chris would report his income from his part-time job and any other sources of employment income on the appropriate lines of Form 1040.
2. Scholarship: The $1,750 scholarship Chris received would generally be tax-free if used for qualified educational expenses such as tuition and books. He would report the scholarship on Form 1040, but it may not be taxable.
3. Unemployment Compensation: Donna received $1,850 in unemployment compensation, which is taxable income. She would report this amount on Form 1040.
4. Interest Income: The $1,000 interest income from Erath County bonds and any other interest income received should be reported on Form 1099-INT.
5. Dividend Income: If there are any dividend payments received, they should be reported on Form 1099-DIV.
6. Other Income: Chris received a $15,000 inheritance from his aunt, which would generally be subject to inheritance tax but not income tax.
7. Child Support: Chris paid $300 per month in child support, but since his ex-wife claims Robert as a dependent, he wouldn't be able to claim the child tax credit or dependent exemption.
To accurately complete the tax forms and determine the tax liability, it is crucial to have all the necessary information, including additional income, deductions, credits, and any applicable tax laws specific to Chris's jurisdiction.
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Related Questions
What are the disadvantages of a contract for deed? Select two. Allows time to become mortgage ready Seller retains the right to the property Down payment and closing costs can be negotiated No professional appraisal is required, so you might pay more than the home is worth
Answers
Answer:
Seller retains the right to the property
No professional appraisal is required, so you might pay more than the home is worth
Explanation:
A contract for deed is one that does not have the standard transfer of title from the seller to the owner. Rather the seller of a property retains title ownership while the buyer pays installmentally over time.
This agreement is common where the buyer does not meet requirements to obtain a loan. A small down payment can be made initially.
Disadvantages of contract for deed includes:
- Seller retains rights to the property, and he can cancel the contract if the buyer defaults even once on his payments.
- No professional appraisal is required, so you might pay more than the home is worth. There is no requirement for appraisal of the property so the buyer does not have a reliable estimate of property worth.
The disadvantages of a contract for deed are the seller retains the right to the property and No professional appraisal is required, so you might pay more than the home is worth.
What is a contract for deed?A contract for deed is one that does not have a standard transfer of title from the seller to the owner. Instead, the seller retains the title deed while the buyer pays the installments over time.
This agreement is usually when the consumer does not meet the requirements for obtaining a loan. A small payment can be made in advance.
Therefore, the disadvantages of contract for deed include:
The seller has property rights, and he can cancel the contract if the buyer fails even once in his payments. No professional appraisal is required, so you might pay more than the home is worth.
There is no need to inspect a property so that the buyer does not have a reliable estimate of the value of the property.
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Read the following scenario, and then answer the question below.
A new pet supply company plans to primarily sell products in stores. They need a system that will track their large
inventory and keep customer sales records.
Which evaluation factor will be most important when choosing technology for the company?
1)speed
2)size
3)storage
4)connectivity
Answers
The correct answer is 3) storage
Explanation:
In technology, storage refers to the amount of information a system, program, or similar can record and save. This factor is especially important when businesses or companies need to keep a lot of information from sales, inventory, and similar. This occurs in the case of the pet supply company because it is explained they need a technological system to "track their large inventory and keep customer sales records", therefore their priority will be to record and save their information or the storage in the system.
Answer:
c
Explanation:
c
Sort the ideas related to these two types of loans into the correct categories.
has more risk for the lender
Secured Loan
Unsecured Loan
is not backed with collateral
has less risk for the lender
can include a down payment
is backed with collateral
does not include a down payment
Secured loan
Unsecured loan
Answers
Answer:
Box 1
Can include a down payment
Is back with a collateral
Has less risk for the lender
Box 2
Is not backed with a collateral
Does not include a down payment
Has more risk for the lender
Explanation:on edge hope helps
Answer:
Box 1
Can include a down payment
Is back with a collateral
Has less risk for the lender
Box 2
Is not backed with a collateral
Does not include a down payment
Has more risk for the lender
Explanation:on edge hope helps
using the circular flow model, explain the flow of money and goods in an economy.
Answers
The circular flow model consists of two main components: the flow of goods and services, and the flow of money.
1. Flow of goods and services:
a. Households provide labor, capital, and resources to firms.
b. Firms use these factors to produce goods and services.
c. Firms sell goods and services to households in the product market.
d. Households consume these goods and services.
2. Flow of money:
a. Firms pay households for the factors of production (wages, rent, interest, and profit) in the factor market.
b. Households use this income to purchase goods and services from firms in the product market.
c. The money spent by households flows back to firms as revenue.
In summary, the circular flow model illustrates the continuous movement of goods and services between households and firms, as well as the flow of money between these two economic agents.
This model helps us understand the interdependence between households and firms in an economy.
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ms/d/e/1FAIpQLScBc3LOV5pXKGJHOY319ko
4. Use the following to determine your monthly balance for a monthly net 5 poir
income of $2,100. Monthly Expenses of: Fixed $750; living $1,000; Annual
monthly $375*
Answers
Answer:
400
Explanation:
750+1000-2100=450
Western Airlines operates five flights daily between Chicago and Phoenix during the winter. One flight leaves Phoenix at 12:10 PM. The plane, a Boeing 737, has a capacity of 120 passengers. During the past month, the flight has averaged only 24 passengers, a load factor of 20 percent. Once the plane takes off, the other 96 seats generate no sales and profits to the airline for that flight. What unique aspect of services does this situation describe
Answers
Answer: idle production capacity
Explanation:
Idle capacity refers to the remaining amount of capacity that is left in a company when both the productive and the protective capacity have been removed from consideration.
Since the plane has a capacity of 120 passengers but he has averaged only 24 passengers, a load factor of 20 percent. Once the plane takes off, the other 96 seats generate no sales and profits to the airline for that flight, then the unique aspect of services does this situation describe idle production capacity.
Walmart can achieve a _____ using its relationships with suppliers to create an advantage that, ultimately, allows it to give customers low prices and good customer service.
Answers
Answer:
cost leadership/competitive advantage
Survey researchers design and conduct surveys and analyze data. Some survey researchers design public opinion surveys. Other survey researchers (market research analysts) design marketing surveys which examine products or services that consumers want, need, or prefer. Most survey researchers work in research firms, polling organizations, nonprofits, corporations, colleges and universities, and government agencies. The majority work full time during regular business hours. A bachelor's degree may be sufficient for some entry-level positions. The median annual wage for survey researchers was $49,760 in May, 2014. SOURCE: Bureau of Labor and Statistics, U.S. 준. Surveys for scientific research cover various fields, including government, health, social sciences, and education. For example, a survey researcher may try to capture information about the prevalence of drug use or disease. An anonymous survey of college students was taken to determine behaviors regarding alcohol, cigarettes, and illegal drugs. The results were as follows: 894 drank alcohol regularly 665 smoked cigarettes 192 used illegal drugs 424 drank alcohol regularly and smoked cigarettes 114 drank alcohol regularly and used illegal drugs 119 smoked cigarettes and used illegal drugs 97 engaged in all three behaviors 309 engaged in none of the behaviors Source: Jamie Langille, University of Nevada Las Vegas How many students were surveyed? How many drank alcohol regularly or smoked cigarettes? How many used illegal drugs only? How many drank alcohol regularly and smoked cigarettes, but did not use illegal drugs? How many drank alcohol regularly or used illegal drugs, but did not smoke cigarettes? How many engaged in exactly two of these behaviors? How many engaged in at least one of these behaviors?
Answers
a. The number of students surveyed was 1,000.
b. 1,300 students drank alcohol regularly or smoked cigarettes.
c. 75 students used illegal drugs only.
d. 310 students drank alcohol regularly and smoked cigarettes but did not use illegal drugs.
e. 1,110 students drank alcohol regularly or used illegal drugs but did not smoke cigarettes.
f. 193 students engaged in exactly two of these behaviors.
g. 997 students engaged in at least one of these behaviors.
How many students participated in the survey?According to the survey results, there were a total of 309 students who engaged in none of the behaviors, and the remaining students fell into various categories. To determine the number of students surveyed, we sum up the frequencies of all behaviors mentioned in the survey results. Therefore, the total number of students surveyed is 1,000. From the provided data, we can calculate the number of students who drank alcohol regularly or smoked cigarettes by adding the frequencies for each behavior individually. Similarly, we can find the number of students who engaged in specific combinations of behaviors, such as using illegal drugs only or drinking alcohol regularly while smoking cigarettes but not using illegal drugs. By analyzing the data, we can answer each of the given questions accurately.
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you are in an car crash
The word is CAR.................
WHERE ARE YOU?
WHERE IS THE CAR LOCATED?
WHAT COLOR IS?
WHO IS WITH YOU?
HOW DID YOU ARRIVE AT YOUR DESTINATION?
WHERE WERE YOU TRYING TO GO?
ARE YOU INJURED?
IS ANYONE ELSE INJURED?
HOW ARE YOU FEELING?
IS IT DAYTIME OR NIGHT TIME?
DOES THE CAR BELONG TO YOU?
HAVE THE POLICE BEEN CALLED?
ANY CHILDREN OR PARENTS AROUND?
HOW ARE THEY REACTING?
Answers
Answer:
ayudaaaáaaaaaaaaaaaaaaaaaaaaaaaaaa
In the context of the types of buyers, the _____ consists of firms, institutions, and governments.
a. bond market
b. business market
c. commodity market
d. wholesale market
e. capital market
_____ involves creating and distributing valuable, relevant, and consistent material to attract and retain buyers.
a. Scarcity marketing
b. Content marketing
c. Offline marketing
d. Cause marketing
e. Reverse marketing
In the context of the types of questions classified by strategic purpose, _____ are designed to penetrate below generalized or superficial information to elicit more articulate and precise details for use in needs discovery and solution identification.
a. tactical questions
b. probing questions
c. closed-end questions
d. dichotomous questions
e. directive questions
Answers
1. In the context of the types of buyers, the business market consists of firms, institutions, and governments. Therefore, the correct option is b.
2. Content marketing involves creating and distributing valuable, relevant, and consistent material to attract and retain buyers. Therefore, the correct option is b.
3.In the context of the types of questions classified by strategic purpose, probing questions are designed to penetrate below generalized or superficial information to elicit more articulate and precise details for use in needs discovery and solution identification. Therefore, the correct option is b
1. In the context of the types of buyers, the business market consists of firms, institutions, and governments. The business market is a group of buyers who purchase goods and services to use for the production of other products or to operate their businesses. The business market includes firms, institutions, and governments.
2. Content marketing involves creating and distributing valuable, relevant, and consistent material to attract and retain buyers. Content marketing refers to the process of creating and distributing valuable and relevant content consistently to engage and retain a target audience. The goal is to promote the product, service, or brand to potential customers without explicitly marketing to them.
3. In the context of the types of questions classified by strategic purpose, probing questions are designed to penetrate below generalized or superficial information to elicit more articulate and precise details for use in needs discovery and solution identification.
Probing questions are designed to penetrate beyond generalized or superficial information to extract more articulate and precise details for use in needs discovery and solution identification. These questions are used to obtain additional information, clarification, or verification, as well as to delve deeper into a subject or issue.
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what did bill learn after he purchased silver at a secondhand store
Answers
Bill learned the value of researching and verifying the authenticity of items before purchasing. He gained knowledge about silver and its various types.
After purchasing silver at a secondhand store, Bill learned several important lessons. He discovered the importance of researching and verifying the authenticity of items before making a purchase, especially when it comes to valuable metals like silver. This process may involve checking for hallmarks, consulting experts, or comparing prices with similar items. He also learned about the different types of silver, such as sterling silver, coin silver, and plated silver, which can have varying values based on purity and age.
Moreover, Bill became aware of the significance of properly caring for and maintaining silver items to preserve their value. In summary, this experience taught him to be a more informed and discerning consumer, particularly when dealing with precious metals and antiques.
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Answers
They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply
Q4) An analyst gathered the following information for a stock and market parameters: stock beta = 1.19; expected return on the Market = 8.80%; expected return on T-bills = 3.50%; current stock Price = $7.85; expected stock price in one year = $11.97; expected dividend payment next year = $4.05. Calculate the a) Required return for this stock (1 point): b) Expected return for this stock (1 point):
Answers
a) The required return for this stock is 10.18%.
The required return can be calculated using the Capital Asset Pricing Model (CAPM):
Required Return = Risk-Free Rate + Beta * (Expected Return on the Market - Risk-Free Rate)
Given:
Beta (β) = 1.19Expected Return on the Market = 8.80%
Expected Return on T-bills (Risk-Free Rate) = 3.50%
Required Return = 3.50% + 1.19 * (8.80% - 3.50%) = 3.50% + 1.19 * 5.30%
= 3.50% + 6.307%
+ 1.19 * 5.30%
= 3.50% + 6.307% = 9.807% or 0.09807 (in decimal form)
Converting to a percentage, the required return for this stock is approximately 10.18%.
b) The expected return for this stock is 42.04%.
The expected return can be calculated using the dividend discount model (DDM):
Expected Return = (Expected Dividend Payment / Current Stock Price) + (Expected Stock Price - Current Stock Price) / Current Stock Price
Given:Expected Dividend Payment Next Year = $4.05
Current Stock Price = $7.85Expected Stock Price in One Year = $11.97
Expected Return = ($4.05 / $7.85) + ($11.97 - $7.85) / $7.85
= 0.5166 + 0.5279 = 1.0445 or 104.45% (in decimal form)
Converting to a percentage, the expected return for this stock is approximately 42.04%.
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Please pricing default-able bonds with 2 years, face value (F) of $1,000,000, firm value (V) of 1,200,000. The firm value’s volatility rate is 10% and risk-free rate is 5%. (1) the value of default-able bond; (2) the quasi debt-to-value ratio; (3) the probability of defaulting for the firm of debt issuing
Answers
The default-able bond's value can be calculated using the firm's value, face value, volatility rate, and risk-free rate. The quasi debt-to-value ratio and the probability of defaulting can also be determined.
To calculate the value of the default-able bond, we can use the Black-Scholes Merton model or a similar framework. By considering the face value, firm value, volatility rate, and risk-free rate, we can estimate the present value of the bond's expected cash flows, accounting for the probability of default.
The quasi debt-to-value ratio represents the proportion of debt to the firm's total value. It is calculated by dividing the face value of the bond by the firm's value.
The probability of defaulting for the firm can be determined by analyzing credit risk factors such as financial indicators, industry conditions, and market trends. This probability reflects the likelihood of the firm being unable to meet its debt obligations.
By evaluating these factors, investors and stakeholders can assess the value and risk associated with default-able bonds, understand the financial health of the firm, and make informed investment decisions.
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BC Ferries has decided to issue shares to help finance the acquisition of new hybrid ferries for the Swartz Bay run. The corporations has engaged a syndicate of investment dealers to float the new issue. The shares will be issued to the public at a price of $40 and the investment dealers will receive proceeds of $2.00 per share. What rate of return will the investment dealers realize? (answer to 4 decimal places)
Answers
Let us first find the amount received by the investment dealers for the shares:Proceeds received by investment dealers = $2.00 per shareTotal number of shares = Number of shares issued to the publicNumber of shares issued to the public = $40/$1 = 40 sharesAmount received by investment dealers = $2.00/share x 40 shares = $80.00.
BC Ferries has decided to issue shares to finance the purchase of new hybrid ferries for the Swartz Bay run. The company has engaged a group of investment dealers to float the new issue, with the shares set to be made available to the public for $40 per share. The investment dealers will receive $2.00 per share as proceeds.To determine the rate of return that the investment dealers will realize, we need to calculate the amount received by the investment dealers and divide it by the investment made by them. In this case, we can see that the investment dealers will receive $80.00 ($2.00 x 40 shares) for an investment of $40.00. Therefore, the rate of return will be $80.00/$40.00 = 2.0000.This means that the investment dealers will realize a rate of return of 200% on their investment. This is a significant return, which is understandable given that they are taking on risk by purchasing the shares and then reselling them to the public.Overall, it seems that BC Ferries has made a wise decision by engaging investment dealers to float the new share issue. This will help them to finance the acquisition of new hybrid ferries for the Swartz Bay run, while also providing an attractive investment opportunity for the investment dealers.
The investment dealers will realize a rate of return of 200% on their investment. BC Ferries has made a wise decision by engaging investment dealers to float the new share issue. This will help them to finance the acquisition of new hybrid ferries for the Swartz Bay run, while also providing an attractive investment opportunity for the investment dealers.
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All of the following are reasons for revenue variances EXCEPT ________.
A.) A change in discount structure
B.) A change in input prices
C.) A change in product mix
D.) A change in selling price
Answers
All of the given options are reasons for revenue variances expect B.) A change in input prices.
What is revenue variances?Revenue variances can be described as the tools that is usually used in statistiucs which do help in the process of measurement of the difference between expected and actual sales.
It shpould be noted that the information that an be gotten from there can determine the success of an organization's selling activities , and some of the reasons for this tool are the change in product mix and change in selling price.
Therefore, option B is correct.
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TM
Find three websites that offer advice on how to manage restaurant staff well. Make sure that at least one of these sites is from an established source such as a professional organization or an expert in the field. Provide the links for the sites that you used and the article titles.
Then use your chosen sites to answer the questions:
1. What ideas or themes do the websites you chose have in common? Select two common themes and explain why they are important.
2. Other than the themes just discussed, what do you think is the best piece of advice that you read? Explain vour answer
3. Which piece of advice that you read about might be hardest to implement? What challenges could it potentially create?
4. Consider the advice from the employee's point of view. Discuss the point you read about that you think employees would appreciate most.
5. If you had to recommend one of the websites/articles as being the most useful, which would it be and why?
Answers
The "Managing Employees" article from the National Restaurant Association would be one of the most helpful if I had to choose one of the websites or articles.
Three websites provide guidance on effective staff management for restaurants:
National Restaurant Association (https://restaurant.org/)
Toast Tab (https://pos.toasttab.com/)
Up serve (https://upserve.com/)
Write the Answers of he following Questions of the chosen sites?The effective communication and training themes are common to all of the websites. It is important to communicate well because it helps to reduce misunderstandings and improve teamwork among employees.
I read that providing employees with regular feedback was one of the best pieces of advice.
The suggestion that may be hardest to carry out is to consider representatives responsible for their presentation.
The significance of creating a positive work environment is one aspect that employees would appreciate the most.
The "Managing Employees" article from the National Restaurant Association would be one of the most helpful if I had to choose one of the websites or articles.
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Olde ple designs and manufactures shoes Olde ple can select only one of two protsenth of which wow Depending on the state of the economy, nach project has different throws Project Casual shoes Formal shoes Weak Economy 200,000 800,000 Strong Economy 1.600.000 1.400,000 The probability of a weak economy is 45% and a strong economy in 65%. The firm needs to raise 600.000 cott toner om next year Calculate the total firm wealth for both projects in both scenarios. If Olde ple's managers wish to maximize the total wealth of the who they invest in? Calculate the wealth available to shareholders for both projects in both scenarios. It Olde ple's managers wish to maximize shareholder en which proact should they invest in? mark it.
Answers
To calculate the total firm wealth and wealth available to shareholders for both projects in both scenarios, we can multiply the profits of each project by their respective probabilities.
Let's calculate the total firm wealth: For Project Formal shoes: Weak Economy: 800,000 * 0.45 = 360,000 Strong Economy: 1,400,000 * 0.65 = 910,000 Now, let's calculate the wealth available to shareholders: Assuming the cost of capital is 600,000: For Project Casual shoes: Weak Economy: 90,000 - 600,000 = -510,000 (Loss) Strong Economy: 1,040,000 - 600,000 = 440,000 To maximize total firm wealth, Olde Ple should invest in the project with the highest total firm wealth. In this case, it would be Project Formal shoes, which has a higher total firm wealth in both scenarios. To maximize shareholder wealth, Olde Ple should invest in the project that provides a positive wealth available to shareholders. In this case, it would be Project Formal shoes in the strong economy scenario, which has a wealth available to shareholders of 310,000.
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what refers to actions by franchisors to void the contracts of franchisees in order to sell the franchise to someone else and collect an additional fee?
Answers
The term that refers to actions by franchisers to void the contracts of franchisees in order to sell the franchise to someone else and collect an additional fee is "churning."
Churning occurs when a franchisor intentionally terminates or forces franchisees out of their contracts in order to resell the franchise to new individuals, often with the goal of generating additional fees or royalties. This practice is generally considered unethical and can lead to legal disputes between the franchisor and franchisee.. This practice is generally considered unethical and unfair to the franchisees involved. It can disrupt the business operations of existing franchisees and undermine the trust and stability of the franchising relationship.
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most financial miss integrate financial and operational information from multiple sources, including the internet, into multiple systems
Answers
Most financial MISs integrate financial and operational information from multiple sources, including the Internet, into multiple systems. - False
Management Information Systems is the abbreviation for the word. It is an information system used for making decisions as well as for the organization's coordination, control, analysis, and information visualisation. Most financial (MISs) do combine financial and operational data into different systems from many sources, including the Internet. MISs are created to collect, analyze, and show data that aids organizations in making wise financial decisions and successfully managing their operations.
MISs offer a thorough perspective of the organization's financial and operational performance by combining data from many sources, including internal systems and external sources like the Internet. By merging financial and operational data, this integration enhances analysis, forecasting, and decision-making.
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Complete Question:
Most financial MISs integrate financial and operational information from multiple sources, including the Internet, into multiple systems. - True/False
Select the education or qualification that is best demonstrated in each example. Freda interviews a famous local athlete on a television news show. Essie gets a four-year college degree in journalism. Lester creates a chart mapping out all the news stories a newspaper will publish over the next week. Ramon identifies sources of information and sorts out facts.
Answers
Answer:
1. communication skills 2. bachelors degree 3. planning and organizational skills 4. research skills
Explanation:
took the test
Answer:here’s the answer for this question
Explanation:edge2023
On March 1, the Mixing Department had 550 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 550 rolls and also started and completed the mixing process for an additional 4,150 rolls of paper. The department started but did not finish the mixing process for arn additional 500 rolls, which were 20% complete with respect to both direct materials and conversion work at the end of March. Direct materials and conversion costs are incurred evenly throughout the mixing process.
Direct Direct Manufacturing Total
Materials Labor Overhead Allocated Costs
Beginning inventory, Mar. 1 $280 365 $ 4,125 180
Costs added during March 5,720 3,250 825 13,095
Total costs $6,000 4,490 3,430 13920
Journalize all transactions affecting the company's mixing process during March.
Prepare the journal entry to record the cost of the units completed and transferred out of the Mixing Department.
Answers
For the Mixing Department, the following journal entries are prepared.
Journal Entries:
1. Debit Work in Process $13,095
Credit Direct materials $5,720
Credit Direct labor $4,125
Credit Manufacturing overhead $3,250
To record costs of materials, labor, and manufacturing overhead allocated.2. Debit Transfer out $13,630
Credit Work in Process $13,630
To record the cost of units completed and transferred out.Data and Calculations:
Direct Direct Mfg o/h Total
Materials Labor Allocated Costs
Beginning inventory $280 $365 $180 $825
Costs added in March 5,720 4,125 3,250 13,095
Total costs $6,000 $4,490 $3,430 $13,920
Physical Direct Conversion
Units Materials Costs
Units to account for:
Beginning Work in process 550
Started in March 4,650
Total units to account 5,200
Completed & transferred 4,700
Ending work in process 500
Units accounted for:
Ending work in process 500 100 (20%) 100 (20%)
Completed & transferred 4,700 4,700 (100%) 4,700 (100%)
Total equivalent units 4,800 4,800
Direct Conversion Total
Materials Costs Costs
Costs to account for:
Beginning inventory $280 $545 $825
Costs added in March 5,720 7,375 13,095
Total costs $6,000 $7,920 $13,920
Total equivalent units 4,800 4,800
Cost per equivalent unit $1.25 $1.65
($6,000/4,800) ($7,920/4,800)
Costs accounted for:
Completed & transferred $5,875 $7,755 $13,630
(4,700 x $1.25) (4,700 x $1.65)
Ending inventory $125 $165 $290
(100 x $1.25) (100 x $1.65)
Total costs accounted $6,000 $7,920 $13,920
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what is product placement
Answers
Answer: A practice in which manufacturers of goods or providers of a service gain exposure for their products by paying for them to be featured in movies and television programs.
Explanation:
Explanation:
Product placement Is where a company or seller places a product In a certain location so that the consumer Is more apt to buy that product, such as a candy bar or pack of gum near the cash register, leading the consumer to an impulse buy.
A student of mass of 65kg takes 10s to run up a flight of stairs of 40steps. lf each step is 12cm high,calculate the potential energy of the student at a maximum height. take gravity =10m/s2
Answers
Answer:
Eg=mgh
Eg=gravitational potential energy
m=mass (kg)
g=acceleration of gravity
h=height (m)
m=65kg
g=10m/s²
h=40·12=4.8m
Eg=65(10)(4.8)
Eg=3120J
Which of the following is not a life role category?
O Risk Taker
O Worker
O Family Member
O Learner
Answers
Risk Taker is not a life role category.
A life role is a set of expectations, behaviors and attitudes that a society assigns to a person based on their gender, age, social status, race or other factors. For example, in many cultures women are expected to be loving, nurturing and care-givers, while men are expected to be strong, provider-types.
Life roles help to define how we see ourselves and how we are seen by others. They can be a source of satisfaction and fulfilment, but they can also be a source of stress and frustration if they do not fit with our own personal aspirations and identity.
Hence, the correct option is "First".
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With the help of online research, write a short report on “glocalization.”
Answers
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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What are the three main types of distribution channelsavailable? Briefly describe each one.
Answers
The three main types of distribution channels available are direct, indirect, and selective distribution.
Direct Distribution: Direct distribution involves the direct sale of a product from a manufacturer to a consumer. This is the most efficient and cost-effective method of distribution and is usually used for consumer goods and services.
Indirect Distribution: Indirect distribution involves the use of intermediaries to market and sell a product to consumers. This is typically used for higher-priced items and can involve wholesalers, retailers, distributors, and other third-party services.
Selective Distribution: Selective distribution involves the use of a limited number of intermediaries to reach a targeted group of customers. This strategy is used to give the product greater visibility and to ensure that the quality of the product is not compromised.
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Heightened Homes is a real estate firm based in Texas. The company ensures that employees' pay is dependent on what they are capable of doing. The company also supports efforts to empower its employees by encouraging them to be independent and to make decisions in various areas. This, in turn, ensures job enrichment. Based on this information, identify the pay structure being utilized by Heightened Homes. Select one: a. straight piecework plan b. skill-based pay systems c. merit pay system d. differential piece rates e. standard hour plan
Answers
Answer: skill-based pay systems
Explanation:
What's a curling iron?
Answers
Answer:
A curling iron is a tool that is used on hair to create a tight or loose curl.
What is the format of planning? Explain
. Why is the format of planning necessary?
Answers
Answer: The format provides you with a framework for presenting your thoughts, ideas and strategies in a logical, consistent and coherent manner. In other words the business plan format helps you to clarify your own ideas and present them clearly to others.
Explanation: