The answer is 170$, if 6 people share the rent, it costs $255 per person. determine the cost per person if 9 people share the rent would be 170$.
What does rent mean?Rent is a periodic payment made by a renter to the owner in exchange for the use of the owner's property. rent. To take possession of property with the intent to rent it out is a 2 of 4 verb.
What does economics by rent mean?Definition: Rent in modern economics refers to the earnings of fixed-supply production components, such as land, labor, and capital. As a result, increasing the cost of such elements will increase their return rather than their availability.
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In a sample of 56 tax returns filed by local hotel managers in a recent year, the taxable incomes are found to have a mean of $41225 and a population standard deviation of $6112. Construct the 99% confidence interval for the mean taxable income of all local hotel manager that year. Select one: a. 39255
To construct a 99% confidence interval for the mean taxable income of all local hotel managers in a recent year, we can use the following formula:
Confidence Interval = Sample Mean ± Z * (Population Standard Deviation / sqrt(Sample Size))
Given that the sample size is 56, the sample mean is $41,225, and the population standard deviation is $6,112, we need to find the value of Z for a 99% confidence level. Using a standard normal distribution table or calculator, we find that the Z-value corresponding to a 99% confidence level is approximately 2.58.
Plugging in the values, we have:
Confidence Interval = $41,225 ± 2.58 * ($6,112 / sqrt(56))
Calculating the expression inside the square root:
sqrt(56) ≈ 7.483
Substituting this value into the confidence interval formula:
Confidence Interval = $41,225 ± 2.58 * ($6,112 / 7.483)
Simplifying the expression:
Confidence Interval ≈ $41,225 ± $5,293.63
The 99% confidence interval for the mean taxable income of all local hotel managers in that year is approximately ($35,931.37, $46,518.63).
Therefore, the answer "a. $39,255" is incorrect. The correct answer is not provided among the options given.
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Why aren't imports of roses from South America and Africa high year-round instead of just around Valentine's Day? Select all that apply. The government limits imported flowers except around Valentine's and Mothers' Day. None of these apply. The spike in demand makes it profitable for producers with higher costs (like transportation) to enter the market. Flower production in the US is particularly low in February, so US-based supply is shifted leftward that month because of the climate.
The imports of roses from Africa , South America are high year round instead of around Valentine's Day is because
(c) The spike in demand makes it profitable for producers with higher costs to enter market.
(d) Flower production in US is particularly low in February, so US-based supply is shifted leftward that month because of climate.
The high demand for roses around Valentine's Day creates a profitable market for producers in South America and Africa despite the higher costs of transportation.
They increase their supply to meet the demand.
The low production of flowers in the US during February, due to the climate, leads to a leftward shift in the US-based supply, which further increases the demand for imported roses.
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The given question is incomplete , the complete question is
Why aren't imports of roses from South America and Africa high year-round instead of just around Valentine's Day ?
Select all that apply.
(a) The government limits imported flowers except around Valentine's and Mothers' Day.
(b) None of these apply.
(c) The spike in demand makes it profitable for producers with higher costs (like transportation) to enter the market.
(d) Flower production in the US is particularly low in February, so US-based supply is shifted leftward that month because of the climate.
If you’re good at mechanical or athletic jobs, part of your personality is likely ___________.
• investigation
• realistic
• artistic
• social
Answer:
I think artistic I could be wrong so really sorry if I am
We best learn from other people's struggles, successes, and stories.
True
O False
Answer:
true bhe
Explanation:
syempre natututo rin tayo sa mga pagkakamali ng iba dahil sa pagkatuto natin alam na natin yung gagawin natin para maiwasan ang pagkakamali nila.
Answer:
true
Explanation:
which of the following can produce a foodborne infection?
Bacteria can produce a foodborne infection, leading to mild to severe health complications.
Foodborne infections can be caused by several microorganisms that enter the body through contaminated food.
The correct option that can produce a foodborne infection is bacteria.Bacteria can produce a foodborne infection. They can cause mild to severe illnesses and infections. Some of the most common types of bacteria that cause foodborne infections are Salmonella, Campylobacter, E. coli, and Listeria.
The symptoms of foodborne infections vary depending on the bacteria causing the infection. However, the common symptoms include vomiting, diarrhea, abdominal cramps, and fever. Some bacteria can cause more severe complications, especially in vulnerable groups like pregnant women, infants, and people with weakened immune systems. These complications can lead to hospitalization, long-term health problems, or even death.
In conclusion, bacteria can produce a foodborne infection, leading to mild to severe health complications.
Therefore, it is essential to follow good hygiene practices when handling and preparing food to prevent contamination and reduce the risk of foodborne infections.
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Explain how growing personal income is related to economic conditions.
Answer:
see below
Explanation:
Personal income is the total earning an individual gets from wages, investments, bonuses, dividends, profits, or other ventures. It is the sum of a household income. Personal income is calculated per period, usually one year.
Economic conditions refer to the prevailing state of a country or region's economy. Economic conditions are ever-changing and are influenced by business cycles of expansions and contraction, government fiscal and monetary policies, macroeconomic factors, and global factors. Governments and investor use indicators to tell the state of the economy
Economic conditions impact people's and business income. Government policies and global economics influence the level of economic activities. The expansion period has increased economic activities are leading to increased incomes. At contraction, business activities decline, resulting in reduced income.
whats Alana current budget is and create a proposed budget so that she can achieve her savings goals (10 marks - TI). Assume that Alana makes $530 a month. Be sure to:
· calculate her budget surplus OR deficit is (current and proposed)
Answer:G tyyyy jhccfvvhh
Explanation:
Hjhdfuiijjhfcdrg g
How many publications are related to green nanoparticles?
Answer:
If you mean nanoparticles for environmental applications then let's see…
2018, more than 166,000 articles related to nanotechnology were published, indicating an increase of more than 7% compared to the corresponding period last year.
No specific category for the environment is disclosed. However, I would say at least 3/4 are related to climate change or environmental
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Owen wants to start a tutoring business. He has a space rented and a lot of ideas, but he has no employees who can tutor the students. Which category of economic resource does he require?
labor
entrepreneurial ability
land
Answer:
entrepreneurial ability
Sorry, no one answered your question sooner, hope that helps.
labor <><><><><><><><><><><><>
pricing obstacles refer to situations in which the pricing policies for a product lead to an increase in variability of orders placed.
T/F
This statements is False. Pricing obstacles refer to situations where pricing policies for a product create difficulties ability to set optimal prices or achieve desired sales volumes, not necessarily resulting in an increase in variability of orders placed.
Policies are a set of guidelines, rules, or principles established by an organization to guide its actions, decision-making, and behavior. Policies help ensure consistency, efficiency, and compliance within an organization. They provide a framework for addressing various aspects, such as operations, human resources, finance, information technology, and customer service. Policies can cover a wide range of areas, including ethical standards, employee conduct, security measures, procurement processes, and quality control. Effective policies serve as a reference point for employees, aligning their actions with the organization's objectives and values.
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unable to make these candies perfectly round, the confectioner embraced this flawed name for the product
The correct answer is milk duds. Milk Duds are sold in a yellowish-orange box.
What are milk duds?The Hershey Company manufactures a line of chocolate-covered caramel candy under the name Milk Duds. The treat is a caramel ball with a chocolate covering composed of cocoa and vegetable oil for confections.
The term "dud" was used because the candy's initial goal of having a spherical form wasn't feasible; the maker claims that the word "Milk" in the candy's name refers to the significant amount of milk in the product.
In 1928, the first Milk Duds were produced.
Hoffman & Company of Chicago made an attempt to create a sphere-shaped, chocolate-covered caramel confection in 1928. due to the fact that they were unable to achieve the spherical shape.
This is where "Milk Duds" got its name. The production of Milk Duds and Hoffman & Company were both acquired by Holloway in the same year.
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changes in income levels of macro environment
The macro-environment, as opposed to specific marketplaces, refers to the overall state of an economy.
GDP, fiscal policy, monetary policy, inflation, employment rates, and consumer spending all have an impact on the macroenvironment. Business decisions about items like spending, borrowing, and investing are impacted by the macroeconomic environment.
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Answer: The macro-environment, as opposed to specific marketplaces, refers to the overall state of an economy.
An investment of $144767 is expected to generate an after-tax cash flow of $79500 in one year and another $125500 in two years. The cost of capital is 10 percent. What is the internal rate of return?
The internal rate of return for this investment is 21.16%
To calculate the IRR for this investment, we need to first calculate the NPV of the expected cash flows using the cost of capital of 10%.
Year 0: -$144,767 (initial investment)
Year 1: $79,500 / \((1+10) ^ {1}\) = $72,272.73
Year 2: $125,500 /\((1+10)^2\)= $102,479.34
NPV = -$144,767 + $72,272.73/(1+10%) + $102,479.34/\((1+10)^2\) = $4,951.73
Since the NPV is positive, the IRR must be greater than 10%. We can use trial and error or Excel's built-in IRR function to find the exact IRR.
Using Excel's IRR function, the IRR for this investment is 21.16%. This means that the investment is expected to generate a return of 21.16% per year, which is higher than the cost of capital of 10%. Therefore, the investment is considered to be a good one.
It is important to note that the IRR assumes that the cash flows generated by the investment can be reinvested at the same rate as the IRR. In reality, this may not be possible, so it is important to consider other factors such as risk and liquidity when making investment decisions.
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The internal rate of return for this investment is 22.5%.
To calculate the internal rate of return (IRR) of this investment, we need to find the discount rate that makes the net present value (NPV) of the investment equal to zero. We can use the following formula to calculate the NPV:
NPV = -Initial investment + (Cash flow in year 1 / (1 + r)^1) + (Cash flow in year 2 / (1 + r)^2)
Where r is the discount rate.
We can plug in the given values and solve for r:
0 = -$144,767 + ($79,500 / (1 + r)^1) + ($125,500 / (1 + r)^2)
Solving this equation for r gives us an IRR of approximately 22.5%.
Therefore, the internal rate of return for this investment is 22.5%.
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How did the mental models formed by the newly hired employees differ from reality? How could the newly hired employees prepared themselves with a more accurate mental model?
Mental models are cognitive constructs that people use to understand how the world works. They can be useful in helping people to make sense of complex situations, but they can also be problematic if they do not match reality. The mental models formed by newly hired employees can often differ from reality because they are based on limited information or assumptions that are not correct.
1. Asking questions: Newly hired employees should not be afraid to ask questions of their colleagues, supervisors, or other sources of information. This can help them to gather more information and gain a more accurate understanding of how things work.
2. Observing: Observing the work environment can help new employees to gain a better understanding of how things work in reality. This can include observing how tasks are performed, how people interact with each other, and what the norms and expectations are.
3. Seeking feedback: New employees should seek feedback from their colleagues and supervisors to ensure that they are on the right track. This can help them to identify any gaps in their knowledge or assumptions that need to be corrected.
4. Reflecting: Reflecting on their experiences can help new employees to identify any gaps in their understanding and adjust their mental models accordingly. This can include thinking about what worked well, what did not work well, and what they can do differently in the future.
By taking these steps, newly hired employees can prepare themselves with a more accurate mental model that better matches reality. This can help them to be more effective in their work and avoid misunderstandings or mistakes that can be costly to the organization.
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Your partner wants to make sure you are well taken care of financially in the event they die, and so takes out a life insurance policy on themselves with liberty life, co. , naming you as beneficiary on the policy. Unfortunately, tragedy strikes and your partner dies. However, the life insurance company refuses to pay you on the policy. Do you have the right to sue them since you were not a party to the contract?
Yes, definitely. I can sue the insurance company if they tend to violate the terms and conditions of my policy. Secondly, its important to avoid certain mistakes from our behalf too so, there is no delay in the distribution of wealth if any unfortunate event happens.
There are certain reasons that an insurance company can deny your claim even if you were the only beneficiary:
possibilities of application errorsthere could be an error in claim or omissionsfrauds in insurancelack of coverageSo, whether you're planning to sue your insurance company or not, it's always a good idea to be organized and maintain thorough records. Some things to bear in mind, like keeping copies of all communications you have with the insurance provider and/or its representatives. If you feel like they are recording your calls, remain cool. Keeping the track of the items you have insured, taking pictures and keeping receipts is really necessary. Right after an accident, take pictures of the damaged property, such as your car or house. Keep a record of the costs you incur is the most prominent thing that should not be missed.
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The main source of finance for public corporations is s _ _ _ _ f _ _ _ _ _ _ (from t _ _)
Answer:
tax
Explanation:
the tax is a national practise carried all over the country
As monte carlo simulation is essentially statistical sampling, the larger the number of trials used, the more precise is the result.a. Trueb. False
As Monte Carlo simulation is essentially statistical sampling, the larger the number of trials used, the more precise is the result is true.
The Objectives of SimulationThe fundamental goal of simulation is to illuminate the underlying processes that regulate a system's behavior. A system's future behavior can be predicted (forecasted) using simulation, and you can use it to figure out how to influence that behavior in the future.
By simulation, what do you mean?A simulation is a model that replicates how a current or proposed system functions, offering evidence for decision-making by allowing the testing of various scenarios or process improvements. A more immersive experience can be had by combining this with virtual reality technology.
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A cash-basis taxpayer made a bona fide, nonbusiness loan to an acquaintance in year 1. At the end of year 2, it is determined that the taxpayer will likely be able to collect only 20% of the principal, and no interest has been or will be collected. How should the loss be treated for tax purposes in year 2
Answer:
None of the loss amount in year 2 will be deductible
Explanation:
Based on the information given How the loss will be treated for tax purposes in year 2 is that the LOSS amount will NOT be deductible in Year 2 reason been that tax payer can only collect the deduction in bad debt in the year the bad debt has no real value and become un-useful.
Secondly the tax payer should not wait till the debt is due before knowing whether the bad debt has no real value reason been that bad debt will has no real value when there is no hope that the debt amount that is owed will be paid which is why to a limited extent a non business bad debt that has no real value will not be deductible.
Therefore How the loss will be treated for tax purposes in year 2 is that None of the loss amount in year 2 will be deductible
What is the best explanation for the surge in the demand of bottled water
The surge in the demand for bottled water can be attributed to several factors. Firstly, there is a growing concern about the quality of tap water, especially in developing countries where the infrastructure for providing clean and safe water is lacking. People are turning to bottled water as a safer and more convenient alternative.
Additionally, the health and fitness trend has contributed to the demand for bottled water, as it is often seen as a healthier option than sugary drinks. The convenience of bottled water also plays a role, as people are increasingly on-the-go and prefer the portability of bottled water. Finally, the rise of environmental consciousness has also influenced the demand for bottled water, as people are aware of the negative impact of plastic waste and are choosing brands with eco-friendly packaging. These factors combined have led to the surge in the demand for bottled water in recent years.
The surge in the demand for bottled water can be attributed to several factors. First, increased health awareness among consumers has led many to seek healthier beverage options. Bottled water is often perceived as a healthier alternative to sugary drinks like sodas and artificial juices, and it is also calorie-free.
Second, concerns over the safety of tap water due to contamination or pollution have prompted many individuals to opt for bottled water, as it is considered to be safer and of higher quality. Bottled water undergoes strict regulations and quality control processes, ensuring that it meets specific standards.
Third, convenience plays a significant role in the rising demand for bottled water. With busy lifestyles and constant mobility, people prefer the ease of grabbing a bottle of water while on the go, instead of relying on tap water or carrying a reusable bottle.
Lastly, effective marketing strategies by bottled water companies have also contributed to the surge in demand. Through advertisements and branding, these companies have managed to create an appealing image for their products, associating them with purity, health, and a desirable lifestyle.
Overall, the combination of health consciousness, safety concerns, convenience, and successful marketing has led to the increased popularity of bottled water.
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On July 22, Peter sold $23,500 of inventory items on credit with the terms 2/15, net 30. Payment on $15,000 sales was received on August 1 and the remaining payment was received on August 12. Assuming Peter uses the gross method of accounting for sales discounts, which one of the following entries was made on August 1 to record the cash received?
a. Cash..........14,700
Sales Discount. 300
Accounts Receivable 15,000
b. Cash.... 15,000
Accounts Receivable. 15,000
c. Cash.... 14,700
Accounts Receivable 14,700
d. Accounts Receivable. 300
Sales Discount Forfeited.. 300
Answer:
Entries that were made on August 1 to record the cash received is :
a. Cash..........14,700
Sales Discount. 300
Accounts Receivable 15,000
Explanation:
When the Inventory items were sold the entries are :
Trade Receivables $23,500 (debit)
Sales Revenue $23,500 (credit)
When payment is received on August 1, the payment is made within the discount period and the customer is eligible for the 15% cash discount.Entries would be as follows :
Cash $14,700 (debit)
Discount allowed $300 (debit)
Trade Receivable $15,000 (credit)
ESTIMATING COSTS
ACTIVITY 1- Scenario: Margaret has recently opened up her own
Beauty Salon in Abu Dhabi. She has been operating for the last 6
months as a sole trader.
List Margaret's costs for her business below:
Fast plz
Answer:
Opening your own hair salon is a milestone for any hairdresser. You may be wanting to open a salon so that you are self-employed. You may also be wanting to provide your own clients with services that align with your vision of what a hairdressing experience should be. However, opening a hairdressing salon is a big responsibility, even if you have previous experience in the hairdressing industry.
One of the most important things you will need to consider when planning to open a hairdressing salon is how to structure your business. Your business structure is the legal framework of your business. It has the potential to reduce your exposure to financial risk and enable flexibility for growth. The wrong business structure for a new business may be costly and may not be suited to your business goals. This article considers four popular business structures and their suitability for hairdressing businesses.
1. Sole Trader
If you are starting a hairdressing salon on your own or are wanting to freelance, you may choose to operate as a sole trader. As a sole trader, you will have full control and autonomy of the running your business. This structure is usually relatively easy and cheap to set up. It also has minimal legal formalities.
To set up as a sole trader, you will need an Australian Business Number (ABN). If you intend to trade under your own name, then you don’t need to register a business name. However, if you plan to operate under a different name, you simply need to register a business name with the Australian Securities and Investments Commission (ASIC).
Although it has an easy setup, this structure does come with risk. If any of your clients sue you or you incur any debts, you will be personally responsible. This means that if you can not repay these debts from the funds of the business, you will have the repay the debt from your own personal finances.
Also, as a sole trader, you have limited resources available to fund the growth of your business. You will need to rely on:
personal savings;
loans; and
business profits.
You cannot raise funds from the general public. Being a sole trader may also not be the most tax-effective decision. This is because a sole trader is liable to the same tax rate applicable to individual taxpayers on income earned. You should check this with an accountant or tax lawyer.
2. Partnership
If you plan to open your hairdressing salon with one or more business partners, you may choose to enter into a partnership. Similar to a sole trader, the setup is simple and has minimal upfront costs. You will require an ABN for the partnership and most partnerships also register a business name.
It is also important for the partners to enter into a partnership agreement. This agreement governs the relationship between partners and sets out key terms, which may describe:
how the business will be managed;
how the profits will be shared;
who will fund the partnership;
how you or your partners can sell your share in the business; and
the process for managing disputes.
However, setting up a partnership also comes with risks. Like a sole trader, if someone sues you or you go into debt, your personal assets and finances will be at risk.
Additionally, partnerships involve joint liability. Therefore, you may be personally liable for business debts owed by any of the other partners. The amount owed is not divided proportionally according to your percentage of ownership in the business, so you could be responsible for paying the entire amount.
Like a sole trader, you cannot raise funds from the general public to fund the growth of your business. You will need to rely on:
the savings of each partner;
loans; or
business profits.
However, unlike a sole trader, you can look to bring on more partners to increase the pool of funds available for the business.
3. Company
Whether you are operating your hairdressing salon on your own or with other business partners, you may decide to operate as a company. A company is a separate legal entity. This means it is capable of suing and being sued. It also holds assets in its own name and can enter into contracts in its own name.
There are two key players involved in the management of a company. These are shareholders and directors. As the founder of your business, you will usually be both a shareholder and a director of the company that you establish. Any other business partners may also take on these roles.
hope it helps
What is the BEST way to stay organized? Person with a descriptive and correct one sentence answer will receive brainliest for their hard efforts.
Answer:
Jssjnsnss is a great place to work for and it is a great place to work for and it will help us out to the best of our experience as well as the best and fastest growing business in the
Answer:
watch your behavior to identify actions that contribute to the problem of being disorganized and commit to changing problem behaviors.
Explanation:
(or incorporate the most important organizing tasks into routines.)
If PPE will be used, what should employers develop and maintain in the workplace?
A. A written PPE program.
B. An industrial shower.
C. Dressing room.
D. Proper resting locations.
Answer:
A. A written PPE program.
A written PPE program should employers develop and maintain in the workplace. Thus, option A is correct.
What is a workplace?People undertake duties, jobs, and activities for a boss in a business, often known as their workplace. A workplace provides a setting for an employee to carry out a specific duty.
It is regarded as the context in which individual operates and includes the physical location, the nature of their work, the corporate culture, and the immediate surroundings.
Employees must receive written confirmation from their employers attesting to their completion of PPE training. The understanding of the training by the personnel must be confirmed in writing by the employer. Additionally, firms must generally offer employees the PPE they need free of charge. Therefore, option A is the correct option.
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Gains and losses directly affect cash flows in the case of translation exposure, but cash flows can be significantly affected by transaction exposure. Group of answer choices True False
The given statement "translation exposure refers to the impact of exchange rate changes on the financial statements of a company's foreign subsidiaries" is true because gains or losses from translation exposure directly affect the cash flows of a company as they affect the value of assets and liabilities of the foreign subsidiaries.
For example, if the value of a subsidiary's assets decreases due to a currency devaluation, the parent company's cash flows will also decrease. On the other hand, transaction exposure refers to the impact of exchange rate changes on specific transactions, such as the purchase or sale of goods or services in a foreign currency. These changes can significantly affect a company's cash flows as they may impact the price and cost of goods and services. For example, if a company buys materials from a foreign supplier and the currency of the supplier's country strengthens, the cost of the materials will increase, reducing the company's cash flows.
In summary, while both translation and transaction exposure can affect a company's cash flows, transaction exposure can have a more significant impact due to its direct effect on specific transactions.
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Plz help this is timed
Answer:
the first option
Explanation:
All other options can be used to validate the checking up of the notes but verifying serial number is not ideal
Answer:
Verifying serial number
Explanation:
If they had a published list, counterfit makers would just use the list to generate serial numbers.
as a manager for xyz company, you are assigned to resolve a conflict between two departments of your organization, department a and department b. both parties have equal power. both the parties are under time pressure to resolve the conflict. you also realize that the parties lack trust/openness for problem solving. if instead of equal power, the department a had considerably more power than department b, what would department b's best conflict resolution style be?
Considering both parties have equal power, open communication and collaborative efforts are essential to reach a resolution. This approach can facilitate constructive problem-solving, promote mutual understanding.
In a compromising style, Department B would be willing to make concessions in order to find a solution that partially satisfies both parties. This approach acknowledges the power imbalance while still seeking a fair resolution. Department B should maintain professionalism and focus on common goals, which can help build trust and openness in problem-solving despite the power disparity. It is essential for Department B to be proactive and flexible, finding areas where they can meet Department A's needs without sacrificing their own priorities. By demonstrating a willingness to collaborate, Department B can create an atmosphere of cooperation, potentially influencing Department A to engage in a more balanced negotiation process.
On the plus side, this method makes it possible to share and comprehend information more quickly. Even collaborative efforts without physical contact, businesswomen can communicate more quickly and work together on significant initiatives. This style of communication has been utilised to foster networking and is very advantageous.
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Trish Himple owns a retail family clothing store. Her store is located at 4321 Heather Drive, Henderson, NV 89002. Her employer identification number is 95-1234321 and her Social Security number is 123-45-6789. Trish keeps her books on an accrual basis. The income and expenses for the year are:
Answer:
Trish has income of $211,000
Expenses are $186,000
Explanation:
Income :
Returns and Allowances $340,000
Cost of Goods Sold $326,000
Other deductions $14,000
Gross Profit is $211,000
Wellspring Inc. has a pump with a book value of $29,000 and a 4-year remaining life. A new, more efficient pump, is available at a cost of $50,000. Janko can also receive $8500 for trading in the old pump. The new pump will reduce variable costs by $11,400 per year over its four-year life. The costs not relevant to the decision of whether or not to replace the pump are: O $16,600. $8500. $45,600. $11,400. $29,000. QUESTION 9 Janko Wellspring Inc. has a pump with a book value of $43,000 and a 4-year remaining life. A new, more efficient pump, is available at a cost of $64,000. Janko can also receive $9900 for trading in the old pump. The new pump will reduce variable costs by $13,900 per year. over its four-year life. The costs not relevant to the decision of whether or not to replace the pump are: O $55,600. O $43,000. $12,600. $9900. $13,900. QUESTION 10 Logan Company can sell all of the standard and promier products they can produce, but it has limited production capacity. It can produce 8 standard units per hour or 4 premier units per hour, and it has 36,600 production hours available. Contribution margin per unit is $20.00 for the standard product and $23.00 for the premier product. What is the total contribution margin if Logan chooses the most profitable sales mix?
The total contribution margin if Logan chooses the most profitable sales mix is $876,000.
To determine the most profitable sales mix for Logan Company, we need to maximize the contribution margin. The contribution margin per unit is $20.00 for the standard product and $23.00 for the premier product.
Given that Logan has limited production capacity of 36,600 production hours, we need to allocate these hours between the standard and premier products to maximize the contribution margin.
Let's denote the number of standard units produced as 'S' and the number of premier units produced as 'P'. The production capacity constraint can be expressed as:
8S + 4P ≤ 36,600
To maximize the contribution margin, we need to find the optimal values for S and P that satisfy the production capacity constraint.
By solving this linear programming problem, we find that the most profitable sales mix is when Logan produces 4,050 standard units (S = 4,050) and 4,050 premier units (P = 4,050). This allocation utilizes the entire production capacity.
The total contribution margin can be calculated as follows:
Total Contribution Margin = (Contribution Margin per Standard Unit × Number of Standard Units) + (Contribution Margin per Premier Unit × Number of Premier Units)
Total Contribution Margin = ($20.00 × 4,050) + ($23.00 × 4,050)
Total Contribution Margin = $81,000 + $93,150
Total Contribution Margin = $174,150
Therefore, the total contribution margin if Logan chooses the most profitable sales mix is $174,150
By producing 4,050 standard units and 4,050 premier units, Logan Company can achieve the most profitable sales mix. This results in a total contribution margin of $174,150
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When you put a check you received in the bank, you have immediate access to the money.
True or False.
Answer:
this is true hope this helps
Explanation:
if you get paid biweekly how many paychecks in a month
Answer:
About 2 checks a month.
Explanation:
Biweekly means that a person is getting paid every 2 weeks. There are about 4 weeks in a month. So 4/2 = 2. The number of checks a person would get if they were paid biweekly.
Two paycheck each month are usual for those who are paid biweekly. Due to the fact that there are 26 biweekly periods and 52 weeks in a year, this is the case. If you receive your paychecks every two weeks, you will receive 24 paychecks in a year since there are 12 months in a year.
A paycheck, which can also be written as paycheque, pay check, or pay cheque, is often a paper document (a cheque) issued by an employer to reimburse an employee for services provided.
In recent years, computerized direct transfers to an employee's chosen bank account or funds paid loaded onto a payroll card have increasingly taken the role of paper paychecks.
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