The campground will make the most economic profit whenit has property rights to a clean lake . True or False: The fish cannery will use the recycling method, regardless of who has the property rights. True False

Answers

Answer 1

Answer:

hi your question is incomplete here is the complete question

Consider a lake found in the town of Center Barnstead,

The town has a campground whose visitors use the lake for recreation. The town also has a fish cannery that dumps industrial waste into the lake. This pollutes the lake and makes it a less desirable vacation destination. That is, the fish cannery's waste decreases the campground's economic profit.

Suppose that the fish cannery could use a different production method that involves recycling water. This would reduce the pollution in the lake to levels safe for recreation, and the campground would no longer be affected. If the fish cannery uses the recycling method, then the fish cannery's economic profit is $1,500 per week, and the campground's economic profit is $1,800 per week. If the fish cannery does not use the recycling method, then the fish cannery's economic profit is $2,000 per week, and the campground's economic profit is $1,000 per week. These figures are summarized in the following table.

Action

Profit

Fish Cannery

Campground

Total

(Dollars)

No Recycling 2,000 1,000

Recycling 1,500 1,800

Total economic profit is highest when the recycling production method is .

When the fish cannery uses the recycling method, the campground earns $1,800−$1,000=$800$1,800−$1,000=$800 more per week than it does with no recycling. Therefore, the campground should be willing to pay up to $800 per week for the fish cannery to recycle water. However, the recycling method decreases the fish cannery's economic profit by $2,000−$1,500=$500$2,000−$1,500=$500 per week. Therefore, the fish cannery should be willing to use the recycling method if it is compensated with at least $500 per week.

Suppose the campground has the property rights to the lake. That is, the campground has the right to a clean (unpolluted) lake. In this case, assuming the two firms can bargain at no cost, the fish cannery will the recycling method and will pay the campground per week.

Now, suppose the fish cannery has the property rights to the lake, including the right to pollute it. In this case, assuming the two firms can bargain at no cost, the fish cannery will the recycling method, and the campground will pay the fish cannery per week.

ANSWER

TrueTrue

Explanation:

The campground will make the most economic profit when it has property rights to a clean lake : True. this is true because the Fish cannery will be using the recycling method and from the table it is seen that when the recycling method is used The Campground make the most economic profit

The fish cannery will use the recycling method regardless of who has the property right : TRUE . this is because the Fish cannery will use the recycling method anyways because the recycling method would not pollute the water hence not interfering with the campground activities in case they own the property rights.

Related Questions

a)You own a picture frame store and want to determine the number of pictures you must sell in order to break even. The average price your consumes are willing to pay for each picture is $75.00. Your fixed costs are $32,000.00 and your unit variable cost is $35.00. Under these conditions what quantity must you sell to break even? Show your work as described in Chapter 19 (page 595).

b) At the break-even point, what is your profit?

c) What happens with each additional picture you sell over the break-even point number? Provide a dollar amount to your answer.

Answers

Under these conditions, 800 pictures to break even.

At the break-even point, the profit is exactly $0.

For each additional picture sold over the break-even point, the profit increases by $40.00.

The calculation according to given information is:

Break-even quantity = Fixed costs / (Price - Unit variable cost).Break-even quantity = $32,000 / ($75 - $35)Break-even quantity = 800.

The profit is exactly zero at the break-even point. This is because the break-even point is the level of output at which the costs of manufacturing equal the revenues for a product.

The average price clients are willing to pay for each photo is $75.00, and the unit variable cost is $35.00, thus the unit contribution margin is $40.00.

As a result, the significance of the break-even point is the aforementioned.

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hexagon widgets wants to build its customer base and begins a huge marketing push. it begins advertising across various mediums, it hires public relations staff to drive publicity, and offers deep discounts on its widgets. this scenario is most likely part of the strategy in the marketing process.
Multiple Choice
pricing
competitive
promotion
benefit
economic

Answers

The "promotion" technique used in the marketing most certainly includes this scenario.

The importance of the marketing process

The benefit of marketing for a company is that it engages consumers and helps them decide whether to purchase your goods or services. A marketing strategy, which is a component of your business plan, also aids in establishing and sustaining demand, relevance, image, competition, etc.

What step in the marketing process comes first?

Investigate Your Ideal Clientele or Audience: You'll decide who the ideal customers are for your company to market to as the first stage in developing a marketing strategy. Do some research on your intended audience beforehand. Analyze the demographics and interests of your present or potential customers for patterns.

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Which is these is true about trusts?
OA. They have less tax liability.
OB. They have multiple beneficiaries.
C. They require power of attorney.
OD. They have more tax liability.

Answers

Answer: The answer is They have more tax liability.

Explanation:Trust is a fiduciary relationship.In this, a first party gives the right to assets or the right to hold the title to a second party for the benefit of a third party.The first party is called the Grantor.The second party is called as the Trustee.The third party is called as the Beneficiary.As the trust is a seperate legal and taxable entity, the tax payment of the trusts depend upon whether it is a simple trust,complex trust or a grantor trust.The tax brackets of trusts are more compressed.So, the trusts pay more taxes than individual taxpayers.

What effect do consumer expectations have on the demand for a good?

Answers

Answer:

A. They reduce the demand for products expected to become cheaper in the future.

Explanation:

Consumer expectations of what the price of a good would be in the future, can significantly determine the extent to which the demand of such good would be demanded.

Hypothetically, if consumers expect the price of electronics products to be cheaper by the end of this year, the current demand for electronics products would decrease for now, as consumers would rather hold on purchasing such products till end of the year, when the prices would be cheaper.

Therefore, the effect that consumer expectations have on the demand for a good is:

A. "They reduce the demand for products expected to become cheaper in the future."

they reduce demand for products expected to become cheaper in the future

Explanation:

More than are located in Georgia. production companies A notable film school in filmmakers and hosts an annual film festival. educates future Also, the West Georgia Technical College in produces several TV series. Georgia State University has the largest film- production program

Answers

CMII-sponsored workforce research helped convince state legislators to establish the Georgia Film Academy, which only a small number of Georgia State students participate in each year.

The University System of Georgia's largest and oldest film program is offered at Georgia State University. Nearly every local studio employs former students of Georgia State. Students at Georgia State have a variety of methods to interact with the film and television production sector.

Some kids figure out how to get jobs as extras in films. The experience is entertaining and a great introduction to the reality of working on a sound stage, while it is not very beneficial as job training.

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An investor sells 150 shares of Amazon (AMZN) stock at $35.00 and pays a $7 commission period what is the total amount of money received by the investor? Hint: The answer isn’t $5257.

a. $5243
b. $5250
c. $5520

Please answer it correctly.

Answers

B is the answer!

Explanation
I know it’s correct

Which taxpayer is most likely to benefit by itemizing deductions on their 2021 return? None of these individuals are blind. Colin (32). He has no dependents and will use the single filing status. His allowable itemized deductions are $13,650. Donald (69). He has no dependents and will use the single filing status. His allowable itemized deductions are $13,800. Janelle (65). She is unmarried and will use the head of household filing status. She has one dependent. Her allowable itemized deductions are $19,500. Trevon (28). He is married and filing a joint return with his wife, Courtney (27). They have no dependents, and their allowable itemized deductions are $24,600.

Answers

a) Age of Garcia:68 years old She is single and can claim a standard deduction of 12400 dollars. In this particular instance, Garcia is over 65 years old, so the $1650 increase in the standard deduction is applicable.

Gracia will benefit from the standard deduction because it is greater than the itemized deduction, which is equal to 12400 times 1300, or 14050 dollars.

b) Age of Connor:31 Because he is single, he can claim a standard deduction of $12,400.

Because the itemized deduction is $13585, claiming it is advantageous for Connor because it is greater than the standard deduction.

c) Marietta, 35 years old, is unmarried and the head of the household. As a result, she is eligible for the standard deduction, which is 1865 dollars. The standard deduction for a dependent is 4300 dollars; the itemized deduction is 19300 dollars. As a result, Marietta is better off claiming the standard deduction than the itemized deduction. d) Tyrone, 35 years old28 years of age, married: married Filing jointly with spouse The standard deduction for married filers is $24880, while the itemized deduction is $23980. As a result, claiming the standard deduction is advantageous for Tyrone because it is greater than the itemized deduction.

The answer is:In the 2020 return, only Connor will benefit from itemizing deductions.

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why do you think states have licensing requirements for certain occupations?

Answers

Answer: to prevent improper use or causing an issue with the thing they have to get a license for

Exercise 5-2 Inventory costs LO C2 Walberg Associates, antique dealers, purchased the contents of an estate for $75,000. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Walberg Associates warehouse was $2,400. Walberg Associates insured the shipment at a cost of $300. Prior to putting the goods up for sale, they cleaned and refurbished them at a cost of $980. Determine the cost of the inventory acquired from the estate.\

Answers

Answer:

$78,680

Explanation:

Cost of Inventory (Estate's Contents)

Price $75,000

Transportation-Inward $2,400

Insurance on Shipment $300

Cleaning and refurbishing $980

Total Inventory Cost $78,680

Economic theory assumes that people act rationally and maximize their total satisfaction. Explain this proposition and discuss whether people who spend 30 days a year commuting fulfil these assumptions.

Answers

Indeed, the proposition is that people act rationally and maximize their total satisfaction when making decisions.

What is rational behavior?

Rational behavior is a decision-making process that results to optimal benefits or utility for the decision-maker. The assumption of rational behavior implies that decision-makers make choices to benefit them above the marginal costs of such decisions.

Thus, people who spend 30 days per year in commuting actually fulfill the rational assumption, because they derive maximum marginal benefits visa-a-vis commuting more or less than 30 days annually.

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One way to do market research is to look at what other companies are
doing to market the same types of products and services.
O True

Answers

Another way to do market research is to conduct surveys of potential customers or focus groups to get feedback on products or services.

O True

the correct answer for monopoly please

Answers

control of the supply of trade

I need a an idea of followership introduction help me!

Answers

Followership refers to the role, behavior, and actions of individuals who are not in a leadership position, but rather, they support and collaborate with their leaders to achieve shared goals. Followership is an essential aspect of organizational success, as it complements leadership and fosters a harmonious work environment.

Effective followers exhibit characteristics such as being proactive, taking responsibility, and engaging in open communication with their leaders. They also possess the ability to think critically and provide valuable feedback for the betterment of the team. By embracing the principles of followership, individuals contribute positively to the overall performance and morale of the organization.

It is important to note that followership does not imply blind obedience or passivity. Instead, it involves active engagement and collaboration with leaders to achieve common objectives. In this dynamic relationship, leaders and followers must work together, learn from each other, and adapt to changing circumstances.

In conclusion, followership is a vital component of successful organizations and plays a significant role in accomplishing shared goals. By cultivating strong followership skills, individuals can effectively support their leaders, enhance team performance, and contribute to the growth and success of the organization.

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You work for a drywall company and are trying to secure a contract with a large commercial builder. The purchasing agent from the commercial builder is in town and staying at the Ramada Inn. You contact him by phone and set up a meeting. You tell him, "I’ll meet you at your hotel in an hour." You arrive at the Ramada Inn’s lobby a few minutes early. You take a seat, watching the elevator for the purchasing agent. You wait. Twenty minutes later, you’re still waiting. You ask the front desk to ring the agent’s room. The agent answers, "You’re late. I’ve been waiting for you for 15 minutes."

What communication barrier is described in this situation?

a. Distractions
b. Bypassing
c. Lack of language skills

Answers

Answer:

Explanation:

Bypassing is a type of communication barrier were two people communicating think they understand each other but actually they miss each other's meaning.

I and the purchasing agent thought we had effectively communicated and set up a meeting but in reality, we hadn't agreed on a meeting venue.

Answer:

Explanation:

I Know i am in the future

how will you react to the following destroying or removing information that could hurt your company if it fell into the wrong hands.

Answers

I will say it is crucial to prioritize ethical behavior and transparency. Instead of destroying or removing information, we should focus on implementing robust security measures to safeguard sensitive data.

How can we protect sensitive information from unauthorized access?

Protecting sensitive information from unauthorized access is essential for companies to maintain trust with their stakeholders. Instead of resorting to destroying or removing information, it is more beneficial to invest in robust security measures.

By implementing strong encryption, access controls, and regular security audits, we will significantly reduce the risk of sensitive data falling into the wrong hands. Also, fostering a culture of responsible data handling and training employees on best security practices can further enhance the overall protection of company information.

Answers

Answer:

Denis Savard Inc

Classified Balance sheet

Amount$ Amount$ Amount$

Assets

Current Assets

Cash xxx

Less Cash Restricted for Plant xxx xxx

Expansion

Accounts Receivable xxx

Less Allowance for Doubtful debt xxx xxx

Notes Receivable xxx

Receivables-Officers xxx

Inventory

Finished goods xxx

Work in Process. xxx

Raw Materials xxx xxx

Total Current Assets xxx

Stockholders Equity

Common Stock xxx

Add Paid-in Capital in Excess of xxx

Par-Common Stock.

Total paid in capital xxx

Add Retained Earnings. xxx

Total paid in capital and retained earnings xxx

Less Treasury Stock (at cost) xxx

Total Stockholders Equity xxx

Total Liability and Stockholders Equity xxx

Liability and Stockholders Equity

Current Liability

Salaries and Wages Payable. xxx

Unearned Subscriptions Revenue. xxx

Unearned Rent Revenue. xxx

Total Current Liability. xxx

Long term liabilities

Bonds Payable (due in 4 years) xxx

Less Discount on Bonds Payable xxx xxx

Total Long term liabilities. . xxx

Long term Investment

Preferred Stock (Equity) Investments. xxx

Land Held for Future Plant Site.. xxx

Cash Restricted for Plant Expansion. xxx

Total Long term Investment. xxx

Property, Plants and Equipment

Building. xxx

Less Accumulated Depreciation xxx xxx

- Buildings

Total Property, Plants and . xxx

Equipment

Intangible Assets

Copyrights. . xxx

Total Intangible Assets. . xxx

Total Assets. . xxx

what is a loan agreement that provides for payment increases to allow the amount owed to be paid off more quickly?

Answers

An amortizing loan is a type of loan contract that stipulates payment increases to enable the principal balance to be repaid more quickly.

What is a loan amortization agreement?

It can signify one of two things: repayment of a loan's principal before the loan's actual due date. The borrower is typically required to make payments on schedule for loans that amortize.

How does loan amortization work?

Calculating the monthly bill due throughout the course of the loan amortizes the debt. The next step is to create an amortization plan that explicitly states how much of each payment is going toward principal and how much is going toward interest.

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The Chartered Financial Analyst (CFA) designation is fast becoming a requirement for serious investment professionals. Although it requires a successful completion of three levels of grueling exams, the designation often results in a promising career with a lucrative salary. A student of finance is curious about the average salary of a CFA charterholder. He takes a random sample of 36 recent charterholders and computes a mean salary of $162,000 with a standard deviation of $36,000. Use this sample information to determine the 90% confidence interval for the average salary of a CFA charterholder.

Answers

The confidence interval for the average salary of a CFA charter holder : ( 1,49,820, 1,74,180)

We assume that the salary of CFA charterholders is typically distributed.

Let the salary of CFA charter holders be = x

ATQ

n = 36 and x = 1,62,000

Degree of freedom :

df = 35 [ df= n-1]

s= $36,000

Significance level :

a = 1 - 0.95

= 0.05

Using the t-distribution table,

Ta/2, df = t(0.025), 35

= 2.030

95% confidence interval for the average salary of a CFA charterholders

1,62,000 + (2.030). 36000/√36

= 1,62,000 +- 12180

= ( 1,62,000 - 12180, 1,62,000 + 12180)

= ( 1,49,820, 1,74,180)

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According to Drew Conway data science Venn diagram, what elements make up data science?
Select an answer.

Answers

Answer:

Substantive,expertise,hacking skills and math & statistics knowledge

Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation:
Acquired $32,000 cash from the issue of common stock.
Borrowed $38,000 cash from National Bank.
Earned cash revenues of $50,000 for performing services.
Paid cash expenses of $46,000.
Paid a $1,200 cash dividend to the stockholders.
Acquired an additional $22,000 cash from the issue of common stock.
Paid $10,000 cash to reduce the principal balance of the bank note.
Paid $55,000 cash to purchase land.
Determined that the market value of the land is $77,000.

Determine the amount of total assets that Maben would report on the December 31, Year 1, balance sheet.

Answers

The percentage of assets that were provided by investors, creditors, and earnings is $84,800.

What is investors?

An investor is any individual or other entity such as a business or mutual fund who invests money with the hope of making a profit.

A technique for company improvement called the Investors in People Standard aims to boost an organization's performance through its workforce. The management and growth of an organization's workforce aids in performance improvement and the achievement of goals.

Calculation-

Balance sheet

assets = liability + stockholder's earning,

Cash+land = notable payable+common stock+retained earning

$29800+$55000=$28000+$54000+$2800.

$84800=$84800

Income statement

Revenue-expenses =net income

$50000-$46000=$4000

Thus, it is $84,800.

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The working note and solution is attached-

Maben Company was started on January 1, Year 1, and experienced the following events during its first

Cavy Company estimates that the factory overhead for the following year will be $1,745,300. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 56,300 hours. Calculate the predetermined overhead rate to apply factory overhead. Round your answer to the nearest cent. $fill in the blank 1 per machine hour

Answers

Answer:

$31

Explanation:

Given the following information,

Total factory overhead costs = $1,745,300

Direct labor hours = 56,300

To calculate the predetermined manufacturing overhead rate, we will make use of the formula below;

Predetermined manufacturing overhead rate = Total estimated overhead costs for the period / Total amount of allocation base

= $1,745,300 / 56,300

= $31

Therefore, the predetermined overhead rate to apply to factory overhead is $31

what are some ways the financial crisis in 2008 could've been avoided

Answers

The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.

The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.

Here are some ways the financial crisis in 2008 could have been avoided:

1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.

2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.

3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.

4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.

5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.

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The unit rate for 63 meters in 36 minutes

Answers

Answer:

1.75

Explanation:

Divide distance by time

A plant asset cost ₤320,000 and is estimated to have a ₤40,000 residual value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be？

Answers

Depreciation is the process of allocating the price of a plant asset to expense in the accounting periods benefiting from its use.

How is the whole depreciation of a plant asset calculated?

Determine the value of the asset. Subtract the estimated salvage price of the asset from the cost of the asset to get the whole depreciable amount. Determine the beneficial lifestyles of the asset. Divide the sum of step (2) by using the wide variety arrived at in step (3) to get the annual depreciation amount.

Depreciation is the technique of allocating to expense the cost of a plant asset over its beneficial (service) existence in a rational and systematic manner. Such cost allocation is designed to desirable in shape prices with revenues.

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What are three differences between a public sector and public corporations?

Answers

Explanation:

Comparison Table Between Public Sector and Public Limited Company (in Tabular Form) Public sector companies are controlled by the state or central government. ... A public sector company is not listed in the share market. A public limited company is listed in the share market and also requires going for an IPO.

given the following information, calculate the overall capitalization rate. sale price: $950,000 potential gross income: $250,000 vacancy and collection losses: $50,000 miscellaneous income: $0 operating expenses: $50,000 capital expenses: $0

Answers

the overall capitalization rate is 15.8%.so answer of given question is 15.8%

Why Should I Capitalize?

Capitalization is an accounting technique in which a cost is added to the value of an asset and deducted during the asset's useful life as opposed to being deducted at the time the cost was spent. Making the first letter of words' capital letters is the process of capitalization (an uppercase letter). The condition of being capitalised is another possible meaning. To uppercase the word polish, which is written with a lowercase p here, for instance, you would write Polish.

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Volunteer Corporation reported taxable income of $490,000 from operations this year. The company paid federal income taxes of $102,900 on this taxable income. During the year, the company made a distribution of land to its sole shareholder, Rocky Topp. The land’s fair market value was $120,500 and its tax and E&P basis to Volunteer was $55,500. Rocky assumed a mortgage attached to the land of $24,100. The company had accumulated E&P of $934,000 at the beginning of the year.

a. Compute Volunteer’s taxable income and federal income tax.
b. Compute Volunteer's current E&P before the distribution.
c. Compute Volunteer’s accumulated E&P at the beginning of next year.
d. What amount of dividend income does Rocky report as a result of the distribution?
e. What is Rocky’s income tax basis in the land received from Volunteer?

Answers

From the information given,

Federal Income Tax = $138,750 Current E& P for the year = $ 416,250Accumulated E&P at the beginning of the next year = $ 1,253,850Rocky’s Dividend Income Reported = $ 96,400Rocky’s Income Tax basis = $ 120,500

The calculations are given as follows

Federal Income Tax:

Taxable income from operations $490,000

Add: Gain on the distribution of land

($120,500 - 55,500) = 65,000

Total taxable income $555,000

Federal Income Tax ($555,000 * 25%) = $138,750

Volunteers current E&P

Taxable income $555,000

Subtract: Federal Income Tax $138,750

Adjustment for gain on distribution Of land $ 0

Current E&P before distribution $416,250

Volunteers E&P at the beginning of Next Year

Current E&P $ 416,250

Subtract: Fair market value of land distributed

in the previous year $120,500

Add: Mortgage assumed by rocky $24,100

CE &P after distribution $319,850

Accumulated E&P, beginning of current Year $934,000

Accumulated E&P, beginning of Nex Year $1,253,850

Rocky reports a dividend income given as:
Fair Market Value of Land (-) Liability
That is: 120,500 - $24,100

Dividend income = $ 96,400

($124,500) income tax basis in the land equals its fair market value

Income Tax basis = Fair Market Value of Land = $ 120,500

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KPI Payouts are:
Prepaid Ring-out Only: $
Prepaid Activation: $
Accessories:
Equipment Protection: $
You can make $
and ring it out at the POS.
%
when you activate a prepaid device with equipment protection

Answers

Answer:

Explanation:

I'm sorry, the information provided is not complete or clear. In order to provide an answer, I would need more information about the KPI payouts, such as specific dollar amounts and percentages. Additionally, the statement in the last sentence doesn't make sense. Please provide more information or rephrase the question for me to understand better.

There may be up to a $1 temporary authorization on the credit card while setting it up, you'll be charged 2-3 days before due date, you have to cancel AutoPay separately from canceling your account.

What is credit card?

A credit card is a payment card that is given to customers so they can pay a merchant for products and services based on the debt they have accumulated.

The card issuer establishes a revolving account and gives the cardholder a line of credit from which they can borrow money to pay for purchases or to get a cash advance.

Consumer credit cards and business credit cards are the two types of credit cards. The majority of cards are made of plastic, however others are made of metal or are made of metal and gemstones.

A charge card, which demands that the balance be paid in full each month or at the conclusion of each statement cycle, is distinct from a typical credit card.

The fact that a credit card often involves a third party that pays the seller and is reimbursed by the buyer, as opposed to a charge card, which only postpones the buyer's payment until a later time, is another way that credit cards and charge cards differ from one another.

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At the end of December 2013, Rosenfeld Co. had $10,000 of Deferred Tax Assets related to its Allowance for Doubtful Accounts. In response to low public approval ratings (and after a particularly boisterous holiday party), the US Congress passed a law to reduce the Federal Statutory Tax Rate from 35% to 20% on December 31, 2013. As a US company, Rosenfeld had to immediately adjust the balance of its DTAs based on the new law. Which of the following items would be decreased by the entry to adjust the balance in Deferred Tax Assets?
a. Income Tax Payable.b. Income Tax Expense.c. Net Income.d. Deferred Tax Assets.e. Cash from Operating Activities.

Answers

Answer:

Rosenfeld Co.

The item decreased by the entry to adjust the balance in Deferred Tax Assets is:

d. Deferred Tax Assets.

Explanation:

Deferred Tax Assets on December 31 = $10,000

Federal Statutory Tax Rate = 35%

New Federal Statutory Tax Rate = 20%

The balance in the Deferred Tax Assets will be reduced to $5,714 ($10,000/35% * 20%)

This means that the Deferred tax assets will be decreased by $4,286 while the net income will be increased by $4,286.

Which of the following typically never has to be repaid?
A) student loan
B) work-study program
C) scholarship
D) private bank loan

Answers

Out of the given options C) scholarship never has to be paid.

A scholarship is a prize or a gift, which do not have to be compensated. Numerous organizations, including employers, individuals, private businesses, nonprofits, communities, religious organisations, and professional and social associations, offer thousands of them. Scholarships make going to an institution simpler for students by lowering the amount of tuition fees that they must pay.

This provides the benefit of reducing the student's financial load because the student will never have to pay it back. They are frequently given out based on a variety of factors, including academic excellence, diversity and inclusion, athletic prowess, financial need, etc. The requirements for scholarships typically reflect the ideals and objectives of the award's originator or giver as well.