Josh works in the HR department of AmPro Inc. He was recently promoted to a managerial role. In the context of the Society for Human Resource Management (SHRM) competency framework, which of the following skills does Josh most likely have to build to succeed in his new role?
A) Administrative capabilities
B) Recordkeeping
C) Leadership and navigation
D) Legal capabilities
Answers
In the context of the Society for Human Resource Management (SHRM) competency framework, Josh is most likely have to build to succeed in his new role in leadership and navigation.
The activity of recruiting, retaining, distributing, and managing personnel is known as human resource management (HRM). Frequently, HRM is referred to as just "human resource department" (HR). The Hr department of a business or group is often in charge of developing, enacting, and monitoring the firm's regulations concerning employees and its interaction with them. It is employee management which focuses mainly on workers as company assets. Professionals were often described as human capital in this respect. The objective is to use people economically, limiting risk and maximising investment return just like with other stock holdings (ROI).
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Related Questions
2.suppose 40% of the people entering X electronics store this month make a purchase. If 10 people enter the store, find the expected number making a purchase. Suppose that for the next month X electronics store forecasts 1000 customers will enter the store. (i)What is the expected number of customers who will make purchase? (ii) Find also the Standard Deviation.
Answers
i) The expected number of customers who will make a purchase in the current month is 4.
ii) The standard deviation for the number of customers making a purchase in the current month is approximately 1.55.
To find the expected number of customers making a purchase, we can multiply the total number of customers entering the store by the probability of making a purchase.
(i) For the current month:
Number of people entering the store = 10
Probability of making a purchase = 40% = 0.4
Expected number of customers making a purchase = Number of people entering the store * Probability of making a purchase
Expected number of customers making a purchase = 10 * 0.4
Expected number of customers making a purchase = 4
Therefore, the expected number of customers who will make a purchase in the current month is 4.
(ii) To find the standard deviation, we need to consider the binomial distribution since the number of customers making a purchase follows a binomial distribution with parameters n (number of trials) and p (probability of success).
For the current month:
n = Number of people entering the store = 10
p = Probability of making a purchase = 0.4
q = Probability of not making a purchase = 1 - p = 1 - 0.4 = 0.6
Standard deviation (σ) of a binomial distribution is given by the formula:
σ = √(n * p * q)
Substituting the values:
σ = √(10 * 0.4 * 0.6)
σ = √(2.4)
σ ≈ 1.55
Therefore, the standard deviation for the number of customers making a purchase in the current month is approximately 1.55.
For the next month, if the store forecasts 1000 customers to enter the store, we can use the same calculations with updated values of n and p to find the expected number of customers making a purchase and the standard deviation.
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which of the following is a collaboration of software
Answers
Answer:
I dont see anything
Explanation:
If the consumption function is defined as C = 5,500 + 0.9Y, what is the
autonomous level of consumption expenditure?
A. $4,950
B. $5,500
C. $6,050
D. $6,111
Answers
Answer:
Option B ($5,500) is the appropriate choice.
Explanation:
The given expression is:
⇒ \(C = 5,500 + 0.9Y\)
At the zero (0) level of income, the consumption would be the Autonomous consumption.
then,
Y = 0
On substituting the value of "Y" in the given expression, we get
⇒ \(C=5,500+0.9(0)\)
⇒ \(=5,500+0\)
⇒ \(=5,500\) (%)
Richard is a wealthy and successful businessman who is well known for financing many successful start-ups. He has earned a sizable amount of profit by providing capital to start-ups in return for a share of their profits. In the given scenario, which of the following statements is true of Richard?
Answers
Richard, an employee in an investment firm, was dissatisfied with the way his superiors handled business dealings.
Why did Richard decide to start his own business?Richard is unambitious and prefers spending most of his time by himself. His colleagues consider him aloof and insecure. He finds it difficult to work under high pressure and often blames his colleagues. According to the Big Five personality dimensions, Richard's personality is low in agreeableness.
Uber Technologies was founded in 2009 and quickly rose to become the world's most valuable startup. The company has now acquired several of its competitors in various industries, including Lime and Postmates. What began as a solution to a widespread problem turned out to be an absolute goldmine for the entrepreneurs who made it possible. 1. Airbnb (Pinterest)
Airbnb is without a doubt one of the most inspiring startup success stories.
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Under the consumer Credit Protection Act, if you report your credit card
lost or stolen within 30 days, your liability is limited to:
A. $25
B. $50
C. $100
D. $200
Answers
hope this helps:) have a good day
Critique the concept of Socialism using appropriate examples
Answers
The concept of socialism can be critiqued using examples of countries in which socialist economic systems have been enforced similar as the former Soviet Union, Venezuela, Cuba.
Critics argue that these countries have experienced economic recession, low norms of living, and a lack of individual freedoms due to the absence of free request competition and government control over resources and product. Socialism's critics argue that the absence of incentives for individual initiative, innovation, and profit has led to low situations of effectiveness, productivity and quality in these countries.
sympathizers of socialism argue that there are also examples of socialist systems that have achieved high living norms and greater economic equality similar as in Scandinavia.
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"Drag each label to the correct location on the image.
Match the features to the relevant inventory systems.
records purchase of inventory
in the purchase account records purchase of inventory
in the inventory account
inventory account is updated on inventory account is updated every purchase at the end of a time period
inventory is physically counted Perpetual Inventory System
Periodic Inventory System"
Answers
Each features should be matched to the relevant inventory systems as follows;
Perpetual Inventory System: records purchase of inventory in the inventory account.Periodic Inventory System: records purchase of inventory in the purchase account records.Perpetual Inventory System: inventory account is updated on every purchase.Periodic Inventory System: inventory account is updated at the end of a time period.Periodic Inventory System: inventory is physically counted.What is an inventory?An inventory can be defined as the raw materials or items that are used by a business firm (manufacturer or producer) for the manufacturing of finished goods, as well as goods that are in various stages to be made ready for sale to consumers.
What is a perpetual inventory system?In Economics, a perpetual inventory system is sometimes referred to as perpetual system of inventory and it can be defined as a method of financial accounting that typically involves updating information about an inventory on a continuous basis (in real-time) as the sales or purchases are being made by customers, especially through the use of enterprise management software applications and a digitized point-of-sale (POS) equipment.
Furthermore, an advantage of the perpetual inventory system (perpetual system of inventory) over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft, etc.
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Medallion Cooling Systems, Inc., has total assets of $10,000,000, EBIT of $2,000,000, and preferred dividends of $200,000 and is taxed at a rate of 40%. In an effort to determine the optimal capital structure, the firm has assembled data on the cost of debt, the number of shares of common stock for various levels of indebtedness, and the overall required return on investment:,
a. Calculate earnings per share for each level of indebtedness.,
b. Use Equation 13.12 and the earnings per share calculated in part a to calculate a price per share for each level of indebtedness.,
c. Choose the optimal capital structure. Justify your choice
Answers
Answer:
Explanation:
The two attached pictures shows the explanation for this problem. I hope it help you. Thank you
Jessie's car broke down, and she needs to borrow money to pay for repairs. She wants to use her car as collateral for a short-term loan. This type of loan is called a ____.
A. title loan
B. line of credit
C. mortgage
D. payday loan
Answers
Jessie wants to use her car as collateral for a short-term loan. This type of loan is called a title loan.
What is title loan?Title loan is the loan in which assets are required for the collateral, this loan is very popular because it takes very short span of time to get approvals from the financial institute and credit rating is not considered at the time of giving loan.
Thus, option A is correct.
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The law in your state allows an employer to create an
enforceable agreement that restricts an employee's
postemployment activities as long as the restriction is
reasonable in terms of purpose, geographic area, and
duration. Your employer is a dominant force in the
technology industry, an industry that is ever changing at
a rapid pace. As a result, top employees want the flex-
ibility to move from company to company. Of course,
having and keeping top employees is a competitive
advantage. Assume that you are an executive charged
with determining whether your firm will embrace a
postemployment restriction within its contracts of
employment. If you adopt a justice theory approach,
what result might you adopt, and why? If you adopt a
utilitarianism approach, what result might you adopt,
and why?
Answers
Utilitarian theory respects all persons equally without particular regard and assists people in making moral decisions. The utilitarian theory provides a basic technique. According to utilitarian philosophy, humans value all moral terms such as self-sacrifice, justice, and honesty.
There are various philosophies of justice, including utilitarianism, justice as fairness, and libertarianism. Utilitarians were those who supported utilitarian doctrine. With utilitarian theory being one of the theories of justice, the researcher was compelled to investigate how the theory provides justice to people, how it impacts human behaviour, and the issues the theory faces in the present world. Act utilitarians argue that their theory gives compelling grounds to reject many conventional moral statements and substitute them with moral perspectives based on the consequences of actions. People who are persuaded by act utilitarianism's critics may decide to abandon utilitarianism outright and adopt another form of moral theory.
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A 2015 New York Times article described Amazon as “a soulless, dystopian workplace where no fun is had and no laughter heard” (Cook 2015 n.p.). Employees themselves came to the company’s defense (Ciubotariu 2015). Does this reputation continue to haunt Amazon, or has it been addressed?
Answers
Amazon was accused to be an organization that is boring and work-intensive with hardly any fun.
This directly meant that the work culture of
Amazon is not favorable for the employees and is negatively associated with the work culture that is considered to be positive for the employees.
This had resulted in strong counter-arguments from the Amazon emplovees themselves and there were discussions and debates around the working culture of Amazon.
Amazon has since then been open about their work culture and the ways in which they foster the growth of the company using their superior working culture. Amazon has come up with one of the best possible working cultures in the world and their work practices are in fact the ones that are employee-centric to ensure that their employees work with their utmost productivities.
Hence, the reputation of Amazon being a bad place to work has been diminished significantly, and in fact, Amazon today happens to be one of the best places to work, thus. Showcasing the quality of work culture present with the company and its employees. Hence, Amazon has developed a wok culture supporting their employees.
stock price for vinyl record player?
Answers
To give you an idea the stock price, beginner to advanced record player installations can range from $50 to $450, depending on a number of variables.
What is current stock price?It is the latest trading price for a share of stock or any other security. The present price serves as the starting point in an open market. It shows the price that a buyer and seller would be prepared to accept for a later transaction involving that security.The current price is only an indication and not a promise. The future sale price on an exchange is not determined by the present price. The security's price will fluctuate over time as supply and demand factors change.Using the current value accounting method, assets are valued at their replacement cost rather than their initial cost.Cash price is the same as current price because it refers to the most recent quoted price on an exchange.Learn more about current stock price refer to :
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Mr. Rafiq owes Mr. Ahmed Rs. 7000 to be due in 5 years and Rs. 15,000 to be due in 7 ½ years. How much should Mr. Rafiq pay at the end of 6 years which may be acceptable to Mr. Ahmed if money is worth 8% compounded semi-annually?
Answers
Answer:
The correct response is "$20906.15".
Explanation:
Mr. Rafiq assigns Rs. 7000 should Mr. Ahmed to have been attributable throughout five years as well as Rs. 15000 to have been expected within seven and a half years.
Interest rate is,
r = 8%
Therefore at that age of 6 years, every single transaction becoming FV with payment after five years probably PV of compensation at 7 ½ years.
Now,
At year 6, the single payment will be:
= \(CF5\times (1+\frac{r}{2})^{2\times 1} + \frac{CF6}{(1+\frac{r}{2})^}{2\times 1.5}\)
At year 6, the payment will be:
= \(7000\times (1+\frac{0.08}{2} )^2 + \frac{15000}{(1+\frac{0.08}{2})^2}\)
= \(20906.15\) ($)
What basic function requires a manager to hire employees and coordinate the work of subordinates
Answers
The basic function that requires a manager to hire employees and coordinate the work of subordinates is referred to as the organizing function
This is further explained below.
What is an organizing function?Generally, Delegating power to subordinates and setting up channels of communication are both components of the organizational function of the management process.
In conclusion, The duty of organizing encompasses other activities as well, such as the creation of departments and the coordination of the work of subordinates.
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A family buys a new home for $150,000. However, they also have to set
aside an extra $1,500 to pay to the local government for owning the
house. This is the result of the:
Answers
Answer:
Property tax
Explanation:
Answer:
Explanation:
It is property tax
Types of controls used to assess the effectiveness of marketing operations
Answers
Existing customer analysis
Testing research with a focus group
Customer opinions and feedback
Your welcome if this helps
Brand equity is…………………?
Answers
Answer:
Brand equity, in marketing, is the worth of a brand in and of itself — i.e., the social value of a well-known brand name.
Explain how swot analysis is different from porters 5 forces
Answers
The SWOT analysis looks at both internal (strengths and weaknesses) and external (opportunities and threats) forces, whereas Porter's 5 Forces are solely external elements.
What are some examples and a SWOT analysis?Strengths, Weaknesses, Opportunities, and Threats, or SWOT, is an acronym. Your firm has internal strengths and weaknesses that you can improve and exert some control over. Examples include your team members, your patents and other intellectual property, and where you are.
What are the four components of the SWOT analysis?Strength, Weakness, Opportunity, and Threat is referred to as SWOT. A SWOT analysis helps you to determine the S-W of your firm as well as larger possibilities and threats (O-T). Greater situational awareness is beneficial for both strategic planning and decision-making.
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Why are countries motivated to trade with one another?
A. Trade prevents any one country from establishing an absolute
advantage over others.
B. Trade protects domestic businesses by shielding them from
foreign competition.
C. Trade allows them to produce a variety of products instead of
specializing in a few.
D. Trade helps them obtain goods they cannot produce as efficiently
as other countries.
Yoooooooo
Answers
Answer:
D Trade helps them obtain goods they cannot produce as efficiently
as other countries.
Trade helps countries obtain goods they cannot produce as efficiently as other countries which is a reason countries are motivated to trade with one another. The correct option is D
What are the two purposes of trade?Trade is crucial for maintaining a competitive global economy and helps to drive down worldwide product prices by promoting innovation and specialization in markets. Access to goods and services that may be more affordable and of higher quality than those available domestically is another benefit of trade.
By trading, countries can specialize in producing goods and services that they are good at and import goods that they cannot produce efficiently or do not have in sufficient quantities. This increases the efficiency of production and availability of goods, leading to economic growth and higher standards of living for people in trading countries.
Thus, the ideal selection is option D.
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In which of the following scenarios would an executive benefit from the insights provided by operations management systems software?
Multiple Choice
An executive wants to know which employees have been trained on their new manufacturing process.
An executive wants to know why there are delays in their customers receiving their product.
An executive wants to know what marketing message is having the biggest impact with customers.
An executive wants to know why it is taking longer to manufacture their product.
Answers
An executive would benefit from the insights provided by operations management systems software in the scenario where: d. they want to know why it is taking longer to manufacture their product.
In which would an executive benefit from the insights provided by operations management systems software?Operations management systems software is designed to help organizations manage their production and manufacturing processes, optimize resources, and improve efficiency. It provides real-time data and insights into various aspects of the production process, including inventory management, supply chain management, and production scheduling.
Therefore, in the scenario where an executive wants to know why it is taking longer to manufacture their product, operations management systems software can help identify bottlenecks and inefficiencies in the production process, allowing the executive to make data-driven decisions to improve productivity and reduce costs.
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The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?
Answers
An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.
The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.
An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.
The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.
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On January 1, 20X8, Polo Corporation acquired 75 percent of Stallion Company's voting common stock for $300,000. At the time of the combination, Stallion reported common stock outstanding of $200,000 and retained earnings of $150,000, and the fair value of the noncontrolling interest was $100,000. The book value of Stallion's net assets approximated market value except for patents that had a market value of $50,000 more than their book value. The patents had a remaining economic life of ten years at the date of the business combination. Stallion reported net income of $40,000 and paid dividends of $10,000 during 20X8.
a) Provide the journal entries recorded by Polo at December 31, 20X8 on its book if it accounts for its investment in Stallion using equity method.
b) Provide all consolidation entries needed at December 31, 20X8, to prepare consolidated financial statements.
Answers
Answer:
Explanation:
Base on the question been given to us, we can solve this using equity method as seen below
Investments in Polo = 300000+0.75*(40000-10000-5000*)
300000+0.75*(25000)
300000+18750
$318,750
Increase in value of Patent $50,000
Economic Life 10
Amortization $5,000
The $ 5000 would be reduced from the net income
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answers
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
How can entrepreneurship improve people’s quality of life?
Answers
Answer:
Through offering unique goods and services, entrepreneurs break away from tradition and reduce dependence on obsolete systems and technologies. This can result in an improved quality of life, improved morale, and greater economic freedom.
Explanation:
Which comment is someone who has a conventional personality type likely to make?
"Don't tell me, show me."
"Just do it."
O "How can I help?"
"Status is important to me."
O " express myself, therefore I am."
Answers
Answer:
"how can i help"
Explanation:
customer service
in a 3 - 4 page essay, discuss warren Buffett's approach to business dealings, especially as they relate to business ethics.
Compare that approach to Benie Madoff's.
Apply ethical philosophies that you have learned about in this module and state which you think apply to Mr. Buffett.
Which ethical philosophies apply to Mr. Madoff? Why?
Answers
In this essay, we explore Warren Buffett's ethical approach to business, compare it to Bernie Madoff's, and analyze the applicable ethical philosophies for each.
Here are the steps to be followed:
1. Introduction:
2. Warren Buffett's Approach to Business Dealings and Business Ethics:
Explain Warren Buffett's overall approach to business dealings.Discuss his stance on business ethics, emphasizing any specific principles or values he adheres to.Provide examples or case studies that demonstrate Buffett's ethical decision-making in his business practices.Discuss the impact of his ethical approach on his reputation and long-term success.3. Bernie Madoff's Approach to Business Dealings and Comparison to Buffett:
Describe Bernie Madoff's approach to business dealings, specifically in relation to ethics.Highlight any unethical practices or actions committed by Madoff, such as his infamous Ponzi scheme.Compare and contrast Madoff's approach to Buffett's approach, pointing out the key differences in their ethical standards and behaviors.Discuss the consequences of Madoff's unethical actions, including the financial losses and damage to investors.4. Application of Ethical Philosophies to Warren Buffett:
Introduce the ethical philosophies that you have learned in the module.Identify which ethical philosophies apply to Warren Buffett based on his approach to business dealings.Explain why you believe these philosophies are applicable and provide supporting evidence or examples from Buffett's actions or statements.Discuss the implications and benefits of Buffett aligning with these ethical philosophies.5. Ethical Philosophies Applicable to Bernie Madoff and Reasons:
Analyze the ethical philosophies that can be applied to Bernie Madoff's actions.Discuss which ethical philosophies are relevant to understanding Madoff's unethical behavior.Provide justifications and explanations for the selected ethical philosophies, considering how they align with Madoff's actions or motivations.Reflect on the consequences of Madoff's departure from ethical principles.6. Conclusion:
Summarize the key points discussed in the essay regarding Warren Buffett's approach to business dealings and ethics, as well as the comparison to Bernie Madoff.Emphasize the importance of ethical decision-making in business and the long-term implications it can have.Offer any final thoughts or insights on the topic.Remember to support your arguments with evidence, examples, and references to credible sources. Properly cite any sources used in your essay according to the appropriate citation style.
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3. Following are the particulars available for Z and X, LLP
retained earnings
accounts receivable
supplies
salaries payable
equipment
unearned revenue
accounts payable
cash
prepaid insurance
common stock
a. Calculate the amount of -
• total assets
●
● total liabilities excluding stockholder equity
total stockholders' equity
668
240
500
- 167
1000
475
200
1170
100
1500
(5 Marks)
Answers
The total assets are $3,010, total liabilities excluding stockholder equity are $508, and total stockholders' equity is $2,168.
What is Assets?
Assets are economic resources that are owned or controlled by an individual, a company, or an organization. Assets can take many forms, including cash, investments, property, equipment, inventory, and accounts receivable, among others.
Using the given information, we can calculate the total assets, total liabilities excluding stockholder equity, and total stockholders' equity as follows:
Total assets = accounts receivable + supplies + equipment + cash + prepaid insurance
= 240 + 500 + 1000 + 1170 + 100
= 3,010
Total liabilities excluding stockholder equity = accounts payable + salaries payable + unearned revenue
= 200 + (-167) + 475
= 508
Total stockholders' equity = retained earnings + common stock
= 668 + 1500
= 2,168
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if you cause damage to your apartment, your landlord can
Answers
Answer:
...send you out for vandalizing the property?? i dunno lol
Explanation:
Answer:
you could get evicted
Explanation:
Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
Answers
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
How does a low credit score affect a person who applies for a loan?
A. It makes banks more likely to give the person a large, long-term
loan.
B. It causes banks to charge the person higher interest rates on the
loan.
OC. It makes it easier for the person to get a loan with a poor debt-to-
income ratio.
D. It allows banks to give the person a loan without checking his or
her tax records,
Answers
A person who requests for a loan and has a low credit score will be subjected to higher interest rates from banks. As a result, choice (B) is accurate.
Between 300 and 550 is regarded as a low credit score. You must make significant efforts to raise your credit score if it is in this area. You will not be qualified to apply for a loan or a credit card if you have a low credit score.
Whether it's a car loan, mortgage, or credit card account, borrowing can be more difficult if you have a poor score interest rates. And even if you are approved, your high risk of default means that you will probably have to pay higher interest rates.
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