The statement is False. This is because the crisis highlighted the importance of having sufficient liquidity to meet the demands of depositors and creditors, as well as to withstand unexpected shocks to the financial system.
The financial system refers to the network of institutions, markets, and instruments that facilitate the flow of funds between savers and borrowers. In a business context, the financial system plays a crucial role in providing firms with the necessary funding to operate and grow.
The financial system includes banks, credit unions, stock markets, bond markets, and other financial institutions that offer a range of financial products and services. These institutions act as intermediaries between savers and borrowers by channeling funds from individuals and organizations with surplus funds to those that need them. the financial system is essential for the functioning of the economy and for businesses to access the funds they need to operate and grow.
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A corporation distributes a 10 percent common stock dividend on 30,000 shares issued when the market value of it's common stock is $24 per share and its par value is $2 per share. On the distribution date, a credit _ would be journalized
Answer:6,000
Explanation:
I just took the test
what are three types of pricing associated with business products?
Answer:
geographic pricing, transfer pricing, and discounting.
Explanation:
internet.
would you be more or less willing to buy gold under the following circumstances: loading... part 2 gold again becomes acceptable as a medium of exchange.
Yes, I would be more willing to buy gold if it becomes acceptable as a medium of exchange again.
Gold has historically been considered a valuable and reliable form of currency and medium of exchange. If gold were to regain its status as an accepted medium of exchange, it would increase the demand for gold as a means of conducting transactions. As a result, the value and liquidity of gold would likely increase.
When gold is widely accepted as a medium of exchange, it provides individuals with an alternative form of currency that is not subject to the risks associated with fiat currencies or traditional financial systems. It can act as a hedge against inflation and economic uncertainties.
Gold's acceptability as a medium of exchange also enhances its liquidity. It becomes easier to convert gold into goods, services, or other currencies, making it a more attractive investment option.
Therefore, if gold were to become acceptable as a medium of exchange again, it would likely increase the willingness of individuals to buy gold as an investment or store of value.
In the circumstances where gold becomes acceptable as a medium of exchange again, I would be more willing to buy gold due to its increased value, liquidity, and historical status as a reliable form of currency.
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What are the different types of business
Answer:
1. Service Business
2. Merchandising Business
3. Manufacturing Business
Explanation:
1. Service Business
A service type of business provides intangible products (products with no physical form). Service type firms offer professional skills, expertise, advice, and other similar products.
Examples of service businesses are: salons, repair shops, schools, banks, accounting firms, and law firms.
2. Merchandising Business
This type of business buys products at wholesale price and sells the same at retail price. They are known as "buy and sell" businesses. They make profit by selling the products at prices higher than their purchase costs.
A merchandising business sells a product without changing its form. Examples are:
grocery stores, convenience stores, distributors, and other resellers.
3. Manufacturing Business
Unlike a merchandising business, a manufacturing business buys products with the intention of using them as materials in making a new product. Thus, there is a transformation of the products purchased.
If the yield on a 2-year bond falls from 2% to 1.5%, while the yield on a 10-year bond goes from 3% to 2.25%, then we know that the new yield curve: (after interest rate changes) - Is falt - Sloping down - Sloping upwards - Cant tell
If the yield on a 2-year bond falls from 2% to 1.5%, while the yield on a 10-year bond goes from 3% to 2.25%, we can determine that the new yield curve is **sloping upwards**.
A yield curve represents the relationship between the yields of bonds with different maturities. In a normal or upward-sloping yield curve, longer-term bonds have higher yields compared to shorter-term bonds. When the yield on a 2-year bond decreases while the yield on a 10-year bond decreases at a slower rate, it indicates an upward-sloping yield curve.
Conversely, if the yield on a 2-year bond increases while the yield on a 10-year bond decreases, it would indicate a downward-sloping yield curve. However, in the given scenario where the yields decrease, the new yield curve is sloping upwards.
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The ________ approach to performance measurement was introduced as a way to evaluate organizational performance from more than just the financial perspective.
Answer:
c) balanced scorecard
Explanation:
The options for the question we are;
A) market value
B) economic value
C) balanced scorecard
D) financial control
c) balanced scorecard
A balanced scorecard can be regarded as a strategic management performance that is engaged in the improvements as well as identification of internal business functions as well as external outcomes that result from there. It is a tool that helps in returning feedback to an organization. It should be noted that balanced scorecard approach to performance measurement was introduced as a way to evaluate organizational performance from more than just the financial perspective.
Allowance for Doubtful Accounts has a debit balance of $700 at the end of the year (before adjustment), and bad debt expense is estimated at 4% of credit sales. If credit sales are $707,000, the amount of the adjusting entry to record the estimate of the uncollectible accounts a. Is $28.280 b. is $27.580 c. is $28.980 d is $700
At the end of the year, Allowance for Doubtful Accounts has a debit balance of $700 before adjustment, and bad debt expense is expected to be 4% of credit sales. The total amount of credit sales is $707,000. To record the estimated value of uncollectible accounts, what is the adjusting entry's amount?
To begin, calculate the amount of bad debt expense. Since credit sales are $707,000, and bad debt expense is expected to be 4% of credit sales, the following calculation can be used:Bad debt expense = 4% × $707,000 Bad debt expense = $28,280 The balance of Allowance for Doubtful Accounts before adjustment is $700. Thus, the allowance for doubtful accounts will be updated to a value equal to the expected bad debt expense. As a result, the following adjusting entry will be made.
Bad debt expense 28,280 Allowance for Doubtful Accounts 28,280 This adjusting entry raises the allowance for doubtful accounts to $28,980, which is the sum of the previous $700 allowance plus the $28,280 bad debt expense.
The amount of the adjusting entry to record the estimate of the uncollectible accounts is $28,280 (Option A) in this scenario. Therefore, option A is the correct answer.
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Which of the following elements comprise strategic management? (Check all that apply.)Multiple select question.a. formulationb. implementationc. realizationd. analysise. definition
The three main components of strategic management are strategic analysis, strategic choice, and strategy implementation.
Which components make up strategic management?Strategic management frequently entails strategy assessment, internal organization analysis, and company-wide strategy implementation.
What are the five components of strategy?These five components of strategy are arenas, differentiators, vehicles, staging, and economic logic. Donald Hambrick and James Fredrickson, two strategists, created this paradigm.
What are the fundamental four components of strategy?Visioning, goal-setting, resource allocation, and prioritization are the four most commonly acknowledged fundamental elements of corporate strategy.
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Checking accounts are good for the money you'll want to access for ordinary daily purchases and monthly bills. True or False
Answer:
I believe this statement is true.
kubin company’s relevant range of production is 20,000 to 23,000 units. when it produces and sells 21,500 units, its average costs per unit are as follows: average cost per unit direct materials $ 8.00 direct labor $ 5.00 variable manufacturing overhead $ 2.50 fixed manufacturing overhead $ 6.00 fixed selling expense $ 4.50 fixed administrative expense $ 3.50 sales commissions $ 2.00 variable administrative expense $ 1.50
1 ) Variable cost per unit If 20,000 units are produced and sold is $19.00
2) Variable cost per unit If 23,000 units are produced and sold is $19.00
3) Total amount of variable cost if 20,000 units are produced and sold is
$380,000
What is variable cost?Variable and fixed costs make up the majority of any business's overall expenses. The production output or sales determine variable costs. The production's variable cost is a fixed sum for each unit made. Variable costs will rise if output & production volume do as well. In contrast, when fewer products are produced, the production's variable costs correspondingly fall.
1 ) Variable cost per unit If 20,000 units are produced and sold
Variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead + Sales commissions + Variable administrative expense
Variable cost per unit = $ 8.00 + $ 5.00 + $ 2.50 + $ 2.00 + $ 1.50
Variable cost per unit = $19.00
2 ) Variable cost per unit If 23,000 units are produced and sold
Variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead + Sales commissions + Variable administrative expense
Variable cost per unit = $ 8.00 + $ 5.00 + $ 2.50 + $ 2.00 + $ 1.50
Variable cost per unit = $19.00
3 ) Total amount of variable cost if 20,000 units are produced
Total amount of variable cost = No. of units produced and sold * Variable cost per unit
Total amount of variable cost = 20,000 × $19.00
Total amount of variable cost = $380,000
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Full question
Kubin Company's relevant range of production is 20,000 to 23,000 units.
When it produces and sells 21,500 units, its average costs per unit are as follows:
Amount per Unit
Direct materials $ 8.00
Direct labor $ 5.00
Variable manufacturing overhead $ 2.50
Fixed manufacturing overhead $ 4.00
Fixed selling expense $ 4.50
Fixed administrative expense $ 3.50
Sales commissions $ 2.00
Variable administrative expense $ 1.50
Required:
1. If 20,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 23,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 20,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
Alpha ltd share just paid a dividend of $10. dividends is expected to increase by 10% in one year, 6% in two years and 2% in three years and every year indefinitely. calculate the share price today if the required return on investment is 14%
To calculate the share price today, we can use the Gordon Growth Model, which is used to value a stock based on its expected future dividends. The formula is:
Share Price = Dividend / (Required Return - Dividend Growth Rate)
Given the information provided, we can calculate the share price as follows:
First, let's calculate the dividends for the next three years:
- Dividend in Year 1: $10 * (1 + 0.10) = $11
- Dividend in Year 2: $11 * (1 + 0.06) = $11.66
- Dividend in Year 3: $11.66 * (1 + 0.02) = $11.89
Next, let's use the Gordon Growth Model to calculate the share price:
Share Price = $11.89 / (0.14 - 0.02) = $11.89 / 0.12 = $99.08
Therefore, the share price today is approximately $99.08.
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why is enterprise important to a country ?
Answer:
New and improved products, services, or technology from entrepreneurs enable new markets to be developed and new wealth to be created. Additionally, increased employment and higher earnings contribute to better national income in the form of higher tax revenue and higher government spending.
Explanation:
here is your answer if you like my answer please follow
How can businesses entice Face book users to interact with them on Face book?
Answer:
i mean they could bribe or like start selling stiff on there to get peoples attention
3. Businesses not associated with the government are referred to as what type of jobs?
a. Public Sector
b. For Profit Sector
C. Private Sector
d. None of the above
Answer:
Private Sector
Explanation:
I'm fairly confident this is it, but I'm not too sure. Sorry to disappoint
Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Raymond is a system administrator at Kelly Consulting. He's trying to automate some security features using Windows Server. One of the tasks he's trying to accomplish is automatically blocking any Outlook rules that are set to forward emails. Particularly, he's attempting to write a script that blocks any rules that automatically forward emails to external parties. Which of the following tools would be most effective in completing this task?
A) Microsoft Management Console
B) Azure Active Directory
C) Windows PowerShell
D) Windows Admin Center
The most effective tool for completing Raymond's task is Windows PowerShell.
What is Window PowerShell?Windows PowerShell is a scripting language that runs on windows that are often used to automate system administration. It's also utilized in CI/CD system environments to:
Develop,Test, and Deploy solutions.PowerShell consists of a command-line shell and a configuration management framework that works across platforms. PowerShell is compatible with Windows, Linux, and macOS.
For Raymond to accomplish his task as he's trying to automate some security features using a Windows server, the best most effective tool to use will be Windows PowerShell. This is done by using the command cmdlets in the Window PowerShell.
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Suppose the average income of students as $100 per day with a standard deviation of $10 now a student is selected at random and the main income is $100 what is the value
Answer:
The answer is below
Explanation:
Suppose the average income of students is $100 per day with a standard deviation of $10 now a student selected at random and the main income is $100 what percentage of student incomes is below $100
Solution:
The z score is a score used in statistics to determine by how many standard deviations the raw score is above or below the mean score. If the raw score is above the mean score then the z score is positive while if the raw score is below the mean score the z score is negative.
The z score is given by:
\(z=\frac{x-\mu}{\sigma} \\\\for\ a\ sample\ size(n)\ \\\\z=\frac{x-\mu}{\sigma/\sqrt{n} }\)
Where μ is the mean, σ is the standard deviation and x the raw score.
Given that μ = 100, σ = 10. Hence:
For x < 100:
\(z=\frac{x-\mu}{\sigma} =\frac{100-100}{10} =0\\\\\)
From the normal distribution table, P(x < 100) = P(z < 0) = 0.5 = 50%
Firms add items to their product lines to address changing consumer preferences. for example, an ice cream company might add low-fat offerings to its existing ice cream flavors. this is an example of?
This is an example of product depth. Product depth refers to how many versions or subcategories a retailer offers.
For instance, a store that specializes in selling greeting cards is likely to have a wide range of products, such as 100 distinct varieties of condolence cards. While a big drugstore might only stock 200 greeting cards total in its greeting card section, it will have a much wider selection overall because it carries hundreds of different product categories. Product depth might include information about a product's size, flavor, lifespan, and other factors. For instance, if a business sells a brand of potato chips that comes in five flavors and three bag sizes, the line's product depth is 15.
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who uses financial institutions?
Answer:Financial institutions encompass a broad range of business operations within the financial services sector including banks, trust companies, insurance companies, brokerage firms, and investment dealers. Financial institutions can vary by size, scope, and geography
Explanation:
Answer:
The answer is: comercial banks, investment banks, brokerage firms, insurance companies, and asset management.
Liverpool Sawmill, Inc. (LSI) purchases logs from independent timber contractors and processes the logs into three types of lumber products: Studs for residential buildings (walls, ceilings), Decorative pieces (fireplace mantels, beams for cathedral ceilings), Posts used as support braces (mine support braces, braces for exterior fences on ranch properties). The studs are sold as rough-cut lumber after emerging from the sawmill operating without further processing by LSI. Also, the posts require no further processing beyond the splitoff point. The decorative pieces must be planed and further sized after emerging from the sawmill. This additional processing costs $90,000 per month and normally results in a loss of 10% of the units entering the process. Without this planning and sizing process, there is still an active intermediate market for the unfinished decorative pieces in which the selling price averages$55 per unit. These products are the result of a joint sawmill process that involves removal of bark from the logs, cutting the logs into a workable size (ranging from 8 to 16 feet in length), and then cutting the individual products from the logs. The joint process results in the following costs of products for a typical month:
Direct materials (rough timber logs)$480,000Debarking (labor and overhead)50,000Sizing (labor and overhead)220,000Product cutting (labor and overhead)260,000Total joint costs$1,010,000
Direct materials (rough timber logs)Debarking (labor and overhead)Sizing (labor and overhead)Product cutting (labor and overhead)Total joint costs$480,00050,000220,000260,000$1,010,000
Product yields and average sales values on a per-unit basis from the joint process are as follows:
Product Monthly Output of Materials at Splitoff Point Fully Processed Selling Price
Studs78,000 units $5
Decorative pieces4,000 units 85
Posts28,000 units26
ProductStudsDecorative pieces
Posts 78,000 units 4,000 units28,000 units
Based on the information given for Liverpool Sawmill, allocate the joint processing cost of $1,010,000 to the three products using: a. Sales value at splitoff method, b. Physical-measure method (volume in units), c. NRV method. 2. Prepare an analysis for Liverpool Sawmill that compares processing the decorative pieces further, as it currently does, with selling them as a rough-cut product immediately at splitoff. 3. Assume Liverpool Sawmill announced that in six months it will sell the unfinished decorative pieces at splitoff due to increasing competitive pressure. Identify at least three types of likely behavior that will be demonstrated by the skilled labor in the planning-and-sizing process as a result of this announcement. Include in your discussion how this behavior could be influenced by management.
The sales value at splitoff method allocates costs based on the relative sales values of the products. The physical-measure method allocates costs based on the volume of units produced. The net realizable value (NRV) method allocates costs based on the estimated selling prices at the splitoff point minus further processing costs. Additionally, an analysis comparing further processing of decorative pieces versus selling them immediately at splitoff can be prepared.
a. Sales value at splitoff method: The joint processing cost of $1,010,000 can be allocated to the three products based on their relative sales values. To do this, we calculate the total sales value at splitoff for all products: (78,000 units x $5) + (4,000 units x $85) + (28,000 units x $26) = $392,000 + $340,000 + $728,000 = $1,460,000. Then, we allocate the joint processing cost based on the proportion of each product's sales value to the total sales value at splitoff. For example, the allocation for studs would be (392,000 / 1,460,000) x $1,010,000 = $270,959.
b. Physical-measure method: The joint processing cost can also be allocated based on the volume of units produced. We calculate the total units produced: 78,000 + 4,000 + 28,000 = 110,000 units. Then, we allocate the joint processing cost based on the proportion of each product's units to the total units produced. For example, the allocation for studs would be (78,000 / 110,000) x $1,010,000 = $720,000.
c. NRV method: The NRV method considers the estimated selling prices at the splitoff point minus further processing costs. The decorative pieces require additional processing costing $90,000 per month. Their estimated selling price at splitoff is $55 per unit. The NRV for decorative pieces is $55 - $90,000 / 4,000 units = $32.50 per unit. The NRV for studs and posts remains the same as their selling prices at splitoff. The joint processing cost is allocated based on the proportion of each product's NRV to the total NRV. For example, the allocation for studs would be (130,000 / 190,000) x $1,010,000 = $689,474.
2. An analysis can be prepared comparing the current practice of further processing decorative pieces with selling them immediately at splitoff. Currently, further processing incurs an additional cost of $90,000 per month and results in a loss of 10% of the units. By selling the rough-cut decorative pieces immediately at splitoff, LSI can avoid the additional processing cost and potential losses. However, the selling price at splitoff for decorative pieces is $55 per unit, compared to their fully processed selling price of $85 per unit. The analysis should consider the impact on profitability, customer demand, market competitiveness, and the feasibility of selling unfinished decorative pieces.
3. If LSI announces the sale of unfinished decorative pieces at splitoff, skilled labor in the planning-and-sizing process may demonstrate the following behaviors:
- Reduced motivation: Skilled labor may perceive the elimination of their role in further processing as a devaluation of their skills and contribution to the company.
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globalization essay outline
Answer:
is this even a question ????
Explanation:
Karen has identified four potential market segments for her Rent-A-Chef home meal catering service. The next step is to Multiple Choice establish her overall objectives. decide on a targeting strategy. categorize each market segment by consumer demographics. develop a positioning strategy.
Karen has identified four potential market segments for her Rent-A-Chef home meal catering service. The next step is to decide on a targeting strategy.
Targeting Strategy In marketing, target marketing refers to the practice of identifying and choosing potential customers and creating promotions and goods that appeal to them. By concentrating on specific customers and promoting their preferences and habits, businesses aim to gain a strategic advantage. A target marketing strategy is a strategy that involves defining and identifying the market, selecting the customers to pursue, and developing a product and marketing plan that meet their specific requirements and preferences.
A company may focus its sales and marketing efforts on specific demographics, such as age, gender, or income level, or on psychographic factors, such as lifestyle and interests. Karen needs to establish a targeted marketing strategy. With this strategy, she can select the clients she wants to pursue and tailor her services and marketing campaigns to meet their specific preferences and requirements. This step will assist her in creating a strong market position for her Rent-A-Chef home meal catering service and attracting the customers she wants.
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1. if a bank mistakenly deposits 100,000
into you bank account, is it now your
money? explain in three sentences
Answer:
No
Explanation
These are just numbers with no backing. There is no trail that shows where the money came from or witnesses or paper trail to back up you have that money. The numbers may let you withdrawal that money but the money is still the banks.
A manufacturing company hires only welders who have completed a formal
program that combines classroom instruction with on-the-job learning. What is the
welders' preparation an example of?
XO A. Performance management
B. Employee development
C. An apprenticeship
D. Computer-based training
Answer: An apprenticeship
Explanation: Pretty sure that other person had a stroke
With respect to data warehousing, appraise at least two (2) approaches in data warehouse design that supports quality data management from varying sources, processing/storage of data throughout the warehouse model, and meaningful output into the presentation layer. Summarize your recommendations in the executive summary.
Two approaches in data warehouse design that support quality data management, processing/storage of data, and meaningful output are the Kimball and Inmon approaches.
The Kimball approach is a widely adopted methodology for data warehouse design. It emphasizes dimensional modelling, which involves organizing data into fact tables (containing numerical measures) and dimension tables (describing the context of the measures). This approach enables easy navigation and query performance, as well as the integration of diverse data sources. It also promotes iterative development, allowing for incremental updates and adjustments to the data warehouse model.
The Inmon approach, proposed by Bill Inmon, emphasizes a centralized data repository called the "data warehouse." It prioritizes data integration and normalization, ensuring consistency and accuracy. The Inmon approach focuses on capturing detailed data from various sources and transforming it into a common structure for analysis and reporting. This approach supports complex querying and analysis but may require more storage and processing resources due to the normalized data structure.
Both approaches have their merits and considerations. The Kimball approach excels in quickly delivering meaningful output, enabling iterative development and user-driven design. On the other hand, the Inmon approach provides a comprehensive and integrated view of the data, facilitating complex analysis and ensuring data consistency.
Ultimately, the choice between the Kimball and Inmon approaches depends on factors such as the specific requirements of the organization, the complexity of data sources, and the desired outputs. A combination of both approaches may also be considered to achieve the best outcomes in data warehouse design and management.
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If a country experiences high inflation relative to malaysia, its imports from malaysia should ____, its exports should ____, and there is ____ pressure on its currency's against the ringgit.
If a country experiences high inflation relative to Malaysia, its imports from Malaysia should decrease, its exports should increase, and there is downward pressure on its currency's value against the ringgit.
High inflation in a country means that the prices of goods and services are increasing. This makes imports from other countries more expensive.When a country experiences high inflation relative to another country, it becomes more expensive for the first country to import goods from the second country. As a result, the first country tends to decrease its imports from the second country, such as Malaysia in this case.
On the other hand, when a country experiences high inflation relative to another country, its goods become relatively cheaper for the second country. This may lead to an increase in exports from the first country to the second country In the context of the given question, if a country is experiencing high inflation compared to Malaysia, it means that the first country's imports from Malaysia should decrease. At the same time, its exports to Malaysia should increase.
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What does the word cost mean in the context, "understanding their costs and
income, budgeting to ensure all their expenses are covered is a financially
tsresponsible behavior"?
In the context of the statement, "costs" refers to the expenses incurred by an individual or organization.
What is meaning of cost as used?Cost as used can include fixed expenses, such as rent or mortgage payments, and variable expenses, such as food or transportation costs.
When the statement says "understanding their costs and income," it means understanding all of the expenses that need to be paid, as well as the amount of money coming in, such as from a salary or business profits.
The idea is that budgeting to ensure all costs are covered is a financially responsible behavior, because it helps ensure that all bills are paid and debts are managed, without overspending or accruing unnecessary debt.
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Tony, Juan, and Isabel live in a city where the combined state and local sales tax rate is 8%. They each purchased the same computer and paid $160 in sales tax. A 5-column table has 3 rows. The first column has entries Tony, Juan, Isabel. The second column is labeled Income with entries 10,000, 50,000, 75,000. The third column is labeled Cost of computer with entries 2,000, 2,000, 2,000. The fourth column is labeled Sales tax paid with entries 160, 160, 160. The fifth column is labeled tax rate with entries 1.6 percent, 0.32 percent, and 0.21 percent. This scenario describes a tax system. Isabel pays Tony and Juan on the computer. pays the highest tax rate on the computer. would be the most affected by an increase in the sales tax rate.
Answer:
Tony pays the highest tax rate on the computer, not based on the nominal sales tax rate, but on the percentage that the tax represents of his total income.
His income is $10,000, and he pays $160 in sales tax, for an effective rate of 1.6%.
The person who would be the most affected by an increase in the sales tax rate is again, Tony, simply because he has the lowest income. Juan and Isabel would also be affected by a sales tax increase, but on a much lower scale (because their incomes are also a lot larger).
a) The scenario described by the 5-column table with 3 rows showed that Tony paid the highest tax rate (effective) on the computer, based on his income level.
b) Tony would be the most affected by an increase in the sales tax rate because his effective tax rate would increase, causing him to suffer the most.
What is a sales tax?A sales tax is a proportional tax that charges the same percentage on the consumption of goods and services without considering a person's income level.
Data and Calculations:Tax Payer Income Cost of Computer Sales Tax Paid Tax Rate
Tony $10,000 $2,000 $160 1.6%
Juan 50,000 2,000 160 0.32%
Isabel 75,000 2,000 160 0.21% ($160/$75,000 x 100)
Thus, this scenario of a tax system illustrates that sales tax is not progressive, but it is proportional since it is based on consumption and not income level.
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Suppose that in 2015, a typical U.S. student attending a state supported college bought 8 textbooks at a price of $90 per book and enrolled in 28 credit hours of coursework at a price of $400 per credit hour. In 2016, the typical student continued to purchase 8 textbooks and enroll in 28 credit hours, but the price of a textbook rose to $100 per book, and the tuition price increased to $440 per credit hour. The base year for computing a "student price index" using this info is 2015. The price index for any base year is 100. The value of the student price index in 2015 is
Answer:
$11,920
Explanation:
2015 prices:
8 textbooks x $90 = $720
28 credit hours x $400 = $11,200
total = $11,920
the base year, in this case 2015, will be used to adjust the relative prices of the goods and services purchased by students. E.g. for year 2016, the index based on 2015 should be (8 x $90) + (28 x $400) = $11,920 since the quantities didn't change, only the nominal prices.
Upload answer sheets Consider the following table description for the supermarket application Customers and customer-ane, customer-city) producted product name, product category, unit polce) salernsected from action-date, customer-ad, product-ut, quantity) Note cutomer may purchase more than one products under single transaction- Write the SOL Query for the following Include the appropriate constraint so that the unil-price should range between Rs 50 and Rs. 1000. Intado a columnamed payment-moderation 2 marks) Display the names of customer who purchased Rice category and of category. Display the total number of transactions happened on each day. List the product details sorted by produd-id and then by unit-price fugh to low.
The SOL query to fulfill the given requirements is: SELECT customer_name FROM Customers JOIN Sales ON Customers.customer_id = Sales.customer_id
JOIN Products ON Sales.product_id = Products.product_id WHERE Products.product_category = 'Rice'; SELECT action_date, COUNT(*) AS transaction_count FROM Sales GROUP BY action_date; SELECT * FROM Products ORDER BY product_id ASC, unit_price DESC;To address the given requirements, we can use SQL queries to retrieve the necessary information from the database. Display the names of customers who purchased Rice category: For this, we need to join the Customers, Sales, and Products tables and filter the results based on the product category 'Rice'. This query selects the customer_name from the Customers table by joining it with the Sales and Products tables. Display the total number of transactions happened on each day: To achieve this, we can use the Sales table and group the results by action_date.
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