The International Air Transport Association surveys business travelers to develop quality ratings for transatlantic gateway airports. The maximum possible rating is 10. Suppose a simple random sample of 50 business travelers is selected and each traveler is asked to provide a rating for the Miami International Airport. The ratings obtained from the sample of 50 business travelers follow.
Answers
The population mean rating for Miami is 6.41, and that is the confidence interval estimate.
The question includes a sample of the data.
The sample size, n = 50
The sample mean:
x= ∑X /n
= 6.76
The sample standard deviation;
s= √∑(X-x)²/(n-1)
=2.55
The confidence level =0.95
The significance level , α = 0.05
The sample mean, X
= 6.76
The sample standard deviation, s = 2.55
The sample size , n= 50
Degree of freedoms :
Df = n-1
=49
Using the t-distribution table, the critical value of t is:
t critical = t α/2, df
= t 0.025,49
= 0.098
95% confidence interval :
μ = X ± t.s/√n
t.s /
= 6.76 2.01 2.55 / √50
= 6.76 0.7249
Thus, The population mean rating for Miami is 6.41.
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Related Questions
At the beginning of the year, Plummer's Sports Center bought three used fitness machines from Brunswick Corporation. The machines immediately were overhauled, installed, and started operating. The machines were different; therefore, each had to be recorded separately in the accounts.
Machine A Machine B Machine C
Invoice price paid for asset $20,400 $37,300 $22,100
Installation costs 2,300 2,000 600
Renovation costs prior to use 2,900 2,500 1,700
By the end of the first year, each machine had been operating 5,400 hours.
2. Prepare the entry to record depreciation expense at the end of Year 1, assuming the following. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Machine Life Residual Value. Depreciation Method
A 9 years $1,300 Straight-line
B 77,000 hours. 3,300 Units-of-production
C 8 years 3,100 Double-declining-balance
CREATE A JOURNAL ENTRY WORKSHEET
Record the depreciation expense for year 1
Answers
Answer: Debit Depreciation Expense $11,714 Credit Accumulated Depreciation on : Machine A $3,400, Machine B $2,500 Machine C $5,814
Explanation:
The Italian Bread Company purchased land as a factory site for $70,000. An old building on the property was demolished, and construction began on a new building. Costs incurred during the first year are listed as follows: Demolition of old building $ 9,000
Sale of salvaged materials (1,100)
Architect fees (for new building) 20,000 Legal fees (for title investigation of land) 3,000
Property taxes on the land for the first year) 1.000 Building construction costs 800
Interest costs related to the construction 300 Required: Determine the amounts that the company should record in the Land and the Building accounts. (Amounts to be deducted should be indicated by a minus sign.) Land Building Totals
Answers
The amount recorded in the land account is $73,000 and building account is $857,900.
A land account is a non-current asset account presented in the balance sheet. A land account is considered as part of the tangible property, plant, and equipment. A building account is an account that contains the carrying amount of buildings owned by a business.
The amounts that the company should record in the land account are purchase price and legal fees for the title investigation of land. Hence, the total amount recorded is $70,000 + $3,000 = $ 73,000.
The amounts that the company should record in the building account are demolition of old buildings, sale of salvaged materials, architect fees, building construction cost, and cost related to the construction. Hence, the total amount recorded is $9,000 + $(1100) + $20,000 + $800,000 + $30,000 = $857,900.
Note: The question is incomplete as two costs are incorrect. The correct amount is Building construction costs 800,000 and costs related to the construction 30,000.
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Careers that were traditionally considered female careers included _____.
A) Construction work
B) Engineering
C) Nursing
D) Carpentry
Answers
I’m writing this last bit because Brainly says I need to make my answer longer :)
A career in nursing focuses on providing care to individuals, families, and communities in order for them to achieve, maintain, or regain optimal health and quality of life.
What is Nursing ?The way nurses care for patients, their education, and the extent of their practise can set them apart from other healthcare professionals. Nurses work in a variety of specialisations with varying degrees of prescribing power. Most healthcare workplaces are dominated by nurses, however there is evidence of a global shortage of qualified nurses.
Nurses collaborate with doctors, nurse practitioners, physical therapists, and psychologists, among other healthcare professionals. In the US, nurses normally cannot prescribe drugs, in contrast to nurse practitioners. Nurses holding a graduate degree in advanced practise nursing are known as nurse practitioners.
They work on their own in adiverse environments throughout more than half of the US. Since the postwar era, nursing education has changed to focus more on advanced and specialised qualifications, and many of the established rules and provider roles are evolving.
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LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000
How do you find the cost of goods manufactured?
Answers
The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.
How to calculateIt is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.
In the income statement you provided, the cost of goods manufactured is calculated as follows:
COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000
Therefore, the cost of goods manufactured for Leone Company is $3,224,000.
Here is the formula for calculating COGM:
COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory
The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.
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The source of fashion
Answers
There are several sources of fashion including ;
Historical and cultural influencesIndividual creativity and expressionWhere does inspiration for fashion come from ?Fashion is deeply entrenched in intertwining cultural and historical eras, as evident from a diversity of global traditional attires and fabrics through to periods like the Victorian-age or 1960s influencing modern fashion.
Similarly, fashion serves as an avenue of expressing an individual's distinct taste and persona; popular figures such as celebrities and those in the media often shape up trends which people adapt accordingly.
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A conceptual framework is an analytical tool with several variations and contexts. It can be applied in different categories of work where an overall picture is needed. It is used to make conceptual distinctions and organize ideas.
Answers
Incomplete question. I inferred you want to know if it is true or false.
Answer:
True
Explanation:
This term is often used in research by researchers to explain the reason for the hypotheses and conclusions made their work, etc. In other words, the conceptual framework paints a clearer/overall explanation of an idea.
For example, if an invention is made of a Car that uses water as fuel; such an invention must have a conceptual framework document explaining the idea behind that.
n a continuous review system, the average daily demand for a part is Normally distributed with mean 20 and standard deviation of 4. The lead time to receive the part from the time it is ordered is 9 days. The appropriate re-order point for this part if we want a 95% service level is a. 200 b. 20 c. 180 d. 184
Answers
Answer: 200
Explanation:
Based on the information given in the question, the appropriate re-order point for this part if we want a 95% service level will be:
Mean demand = 20
Standard deviation of demand = 4
Lead time = 9 days
Service level = 95% = 95/100 = 0.95
Re-order Point will be:
= (demand × lead time) + (z* × std dev × ✓leadtime)
= (20 × 9) + (1.645 × 4 × ✓9)
= (180) + (1.645 × 4 × 3)
= 199.74
= 200 approximately
The re-order point is 200
The accounting treatment of owner-occupied properties and that of investment properties is prescribed by IAS 16: Property, Plant and Equipment and IAS 40: Investment Property respectively.
Required:
Define property, plant and equipment under IAS 16 and explain why its accounting treatment is different from that of investment property.
Explain how the treatment of owner-occupied property carried under the revaluation model differs from an investment property carried under the fair value model.
Answers
A property, plant, or piece of equipment must be depreciated separately for each component that has a cost that is significant relative to the total cost of the item.
How is property, plant, and equipment measured?Property, plant, and equipment are initially valued at their cost, then revalued or measured using a cost model. Finally, they are depreciated so that the depreciable amount is distributed systematically over the course of their useful lives.
Property, plant, and equipment are tangible items that are held for use in the manufacture or provision of goods or services, for rental to third parties, or for administrative needs, and that is anticipated to be used over a prolonged period of time.
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You want to borrow $600,000 to buy an apartment, and you can only afford $4,000 a month to repay the loan. Suppose the bank charges you a fixed interest rate of 4% with monthly compounding. How long will it take you to pay off the loan
Answers
Loan for Apartment = $ 6,00,000
Monthly repayment of Loan Installment = Principal Payment + Interest = $ 4,000
Bank Interest rate = 4% per year fixed with monthly compounding
Monthly Interest rate = 4% /12 = 0.33% = 0.0033
Number of Months be n
= [ $600000 + ( $600000 x ( ( 1+0.0033)n-1 )) ] / n = $4000
4000n = [ $600000 + ( $600000 x ( ( 1+0.0033)n-1 )) ]
Taking Log of Both Sides
Log ( 4000) + Log n = Log [ $600000 + ( $600000 x ( ( 1+0.0033)n-1 )) ]
3.6021 + Log n = 5. 7782 + (5.7782 + ( n x 0.0140 -0 )
Log 3.6021 n = 11.5564 + 0.0140 n
Taking Antilog of Both Sides
Antilog ( 3.6021 Log n ) = Antilog ( 11.5564 ) + n x Antilog ( 0.0140 )
4000 n = 1200000+ ( -3 + 0.1033 ) n
n = 300 months
It means 25 years ( 300 months / 12 ) is the period of Loan
n = 25 years
Based on the given information, it will take you 15 years to pay off the loan if you are able to afford $4,000 per month.
What is the interest rate?Interest rate refers to the amount charged by the bank when lending any money to the borrower. The borrower has to repay the loan amount based on this interest rate along with the principal amount.
To calculate the time for payment of the loan
Loan amount = Principal + (Interest x Time)
Principal = $600,000
Interest = 4%
Time =?
$600,000 = Principal + (4% x Time)
Time = 600,000/ (4600,000)
Time = 15 years
Therefore, it requires 15 years to pay the amount of the loan.
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since this conflict is dysfunctional and hurting our business, i recommened oyu speak with both cheryl and rick. what type of issues you thik you'll need to address
Answers
As conflict is dysfunctional and hurting the business; in recommending to oyu speak with both cheryl and rick, we will advice conflict resolution to the firm.
What does conflict resolution mean?Basically, conflict resolution is defined as the means and activities that facilitate the peaceful resolution of conflict and punishment. Committed group members try to settle group problems by actively conveying to the rest of the group information about their competing motives or ideologies (e.g., intentions; reasons for having specific beliefs) and engaging in collective negotiation.
The dimensions of resolution generally parallel conflict dimensions in how the dispute is processed. The way disputants interpret and perceive the disagreement is through their beliefs, perspectives, understandings, and attitudes.
An emotional resolve or emotional energy, is the way disputants feel about a problem. The behavior of the disputants is reflected in behavioral resolution. Finally, there are numerous strategies and procedures for dealing with disagreement.
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Answer:
To address the dysfunctional conflict and its impact on your business, speaking with both Cheryl and Rick would be a good step. Here are some potential issues you may need to address:
1. Lack of communication: Find out if there is a breakdown in communication between Cheryl and Rick. Determine if they are not effectively sharing information, ideas, or concerns.
2. Personality clashes: Assess whether there are personality conflicts between Cheryl and Rick. These clashes might be causing tension and hindering collaboration.
3. Power struggles: Investigate if there are any power struggles between Cheryl and Rick. Determine if they are competing for authority or control within the organization.
4. Misalignment of goals: Identify if Cheryl and Rick have different goals or visions for the business. Determine if their conflicting objectives are contributing to the dysfunction.
5. Role ambiguity: Determine if there is confusion or ambiguity regarding the roles and responsibilities of Cheryl and Rick. Clarify their job descriptions to prevent conflicts arising from overlapping duties.
6. Lack of trust: Assess if there is a lack of trust between Cheryl and Rick. Determine if they doubt each other's capabilities, intentions, or commitment to the business.
7. Resentment or unresolved issues: Investigate if there are any unresolved conflicts or past issues between Cheryl and Rick. These unresolved matters might be contributing to the ongoing dysfunction.
Remember, it is essential to approach these discussions with an open mind and aim for a collaborative resolution. Encouraging open communication, active listening, and finding common ground can help address these issues and improve the overall functioning of your business.
Explanation:
<3
Cawley Company makes three models of tasers. Information on the three products is given below. Sales Variable expenses Contribution margin Fixed expenses Net income Tingler Shocker Stunner $304,000 $496,000 $200,000 149,800 193,300 139.400 154,200 302,700 60,600 119.984 226,816 93,200 $34.216 $75,884 $(32,600) Fixed expenses consist of $296,000 of common costs allocated to the three products based on relative sales, as well as direct fixed expenses unique to each model of $30,000 (Tingler), $80,000 (Shocker), and $34.000 (Stunner). The common costs will be incurred regardless of how many models are produced. The direct fixed expenses would be eliminated if that model is phased out. James Watt, an executive with the company, feels the Stunner line should be discontinued to increase the company's net income. (a) Compute current net income for Cawley Company. Net income $ 77500 (b) Compute net income by product line and in total for Cawley Company if the company discontinues the Stunner product line. (Hint: Allocate the $296,000 common costs to the two remaining product lines based on their relative sales.)
Answers
Answer:
Explanation:
Computation of current net income for Cawley Company
Particulars Tingler Shocker Stunner Total
Sales $304,000.00 $496,000.00 $200,000.00 $1,000,000.00
Variable expense $149,800.00 $193,300.00 $139,400.00 $482,500.00
Contribution Margin (Sales - Variable
expenses) $154,200.00 $302,700.00 $60,600.00 $517,500.00
Fixed expenses $119,984.00 $226,816.00 $93,200.00 $440,000.00
Net Income (Contribution Margin - Fixed
expenses) $34,216.00 $75,884.00 -$32,600.00 $77,500.00
Computation of net income by product line and in total for Cawley Company if the company discontinues the Stunner product line
Particulars Tingler Shocker Total
Sales $304,000.00 $496,000.00 $800,000.00
Variable expense $149,800.00 $193,300.00 $343,100.00
Contribution Margin
(Sales - Variable expenses) $154,200.00 $302,700.00 $456,900.00
Fixed expenses:
Common Fixed expenses
(296000*304000/800000)
(296000*496000/800000) $112,480.00 $183,520.00 $296,000.00
Direct fixed expenses $30,000.00 $80,000.00 $110,000.00
Total Fixed expenses $142,480.00 $263,520.00 $406,000.00
Net Income (Contribution Margin
- Fixed expenses) $11,720.00 $39,180.00 $50,900.00
Tingler Net Income $11,720.00
Shocker Net Income $39,180.00
Total Net Income $50,900.00
=============
Should Cawley eliminate the stunner produc tline?
NO
Net income would decrease from $ 77,500 to $ 50900
On December 31, 20X1, Priority company purchased 80% of the common stock of Subsidiary Company for $1,550,000. On this date, Subsidiary had the total owner's equity of $650,000 (common stock $ 100,000; other paid-in capital, $200,000; and retained earnings, $350,000). Any excess of cost over book value is due to the under or overvaluation of certain assets and liabilities. Assets and liabilities with differences in book and fair values are provided in the following table:
Answers
Schedule to determine and distribute the excess of cost over book value is mentioned below:
Particulars Amount Priority NCI
80% 20%
Common stock-S Co. 100000 80000 20000
Additional Paid in capital-S Co. 200000 160000 40000
Retained Earnings-S Co. 350000 280000 70000
Fair value adjustment in Assets and liabilities-S Co.
Current assets (800000-500000) 300000 240000 60000
Accounts receivable (150000-200000) -50000 -40000 -10000
Inventory (800000-800000) 0 0 0
Land (600000-100000) 500000 400000 100000
Buildings (net) (900000-700000) 200000 160000 40000
Current liabilities (800000-875000) -75000 -60000 -15000
Long-term debt (850000-930000) -80000 -64000 -16000
Total non-controlling interest 289000
Intrinsic value of shares on date of acquisition 1156000
Purchase price of 80% of common stock of subsidiary Company 155
Goodwill (b-a) 394000
What is meant by "book value?"The accounting value of a company's assets minus its liabilities is its book value. To put it another way, it is the value that a company would expect to receive if it sold all of the assets on its balance sheet and used the proceeds to pay off its debts and obligations.
What is an asset's book value?Book esteem is a bookkeeping term utilized for both a proportion of a business' value and the worth of a resource as it shows up on a monetary record. Book value is typically calculated in the context of a business's sale, investment decision, or liquidation.
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inventory (shortage/shrinkage/salvage) is the term used to describe inventory losses from obsolescence, errors, and theft and usually is included in cost of goods sold unless the amount involved is material.
Answers
True, inventory is the term used to describe inventory losses from obsolescence, errors, and theft and usually is included in cost of goods sold unless the amount involved is material.
Inventory shortage, shrinkage, or salvage refers to losses in inventory that occur due to factors such as obsolescence, errors, and theft. In accounting, these losses are usually treated as an expense and are included in the cost of goods sold (COGS) unless the amount involved is material. COGS is the direct cost associated with the production of goods sold by a company and includes the cost of materials, labor, and overhead costs. Including inventory losses in COGS helps to accurately calculate the true cost of producing and selling goods.
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The complete question is:
Inventory (shortage/shrinkage/salvage) is the term used to describe inventory losses from obsolescence, errors, and theft and usually is included in cost of goods sold unless the amount involved is material. True/ False
Question 4 of 10
How is a first draft different from brainstorming?
A. Brainstorming is generally more difficult than writing a first draft.
B. Brainstorming is usually more focused than a first draft.
C. A first draft is less organized than the writing done in
brainstorming.
OD. A first draft begins to develop the ideas that came in
brainstorming.
Answers
A first draught begins to flesh out the ideas that emerged during brainstorming. When you brainstorm, you write down all of your ideas in the order they come to you.
What exactly do you mean by "brainstorming"?Brainstorming is a problem-solving method used in groups that involves the spontaneous contribution of creative ideas and solutions. This technique necessitates a lengthy, free-flowing discussion in which each group member is encouraged to think aloud and propose as many ideas as possible based on their diverse knowledge.
What is the primary goal of brainstorming?Brainstorming is a strategy for generating a large number of ideas to help solve a specific problem. The technique has been used for over 70 years and is still used today to engage students in problem solving. There is a general structure to follow when developing brainstorming sessions.
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An ethical entrepreneur should make sure that employees complete workplace
climate surveys.
O True
O False
Answers
Employees should complete their workplace climate surveys and an ethical entrepreneur should take the responsibility for that. Yes, the given statement is true.
What do you mean by organizational ethical climate?The ethical atmosphere of the work environment and the level of ethics practiced within a company can be defined as an ethical climate. The five types of climates that can exist in an organization are Instrumental, caring, law and order, rules, and independence.
Hence, it is true that employees should complete their workplace climate surveys and an ethical entrepreneur should take the responsibility for that. Yes, the given statement is true.
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Consider this scenario: “Your supervisor asks you to prepare a five-slide presentation for a brief executive training session. Company executives have new laptops with PowerPoint 2013 installed and he wants you attend the next training session to discuss PowerPoint document properties and demonstrate how to set them.” What information will you include in your presentation?
Answers
Since, the Company Executives have new laptops with PowerPoint 2013 installed , I would demonstrate the properties of PowerPoint 2013 in the presentation.
What is PowerPoint 2013 ?PowerPoint 2013 is a presentation software that allows you to create dynamic slide presentations. Slideshows can include animation, narration, images, videos, and much more.
The presentation will contain all the features of the PowerPoint and how to use them. The features include Presenter View, Color Picker, Play From and Motion Path End, Threaded comments, Switching accounts / SkyDrive integration.
Therefore, the presentation for the training session will include features about PowerPoint 2013 and how to use them.
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Which are the 5 questions that will help the business achieve
Answers
Generally, some questions that will can help the business achieve its goals, in form of a business plan includes:
What need are you addressing?What makes you different?Who is your audience?How is your business going to make money?How will you promote your business?What do you need to get started?Why is business plan important for business success?A business plan is an important strategic tool for entrepreneurs. A good business plan not only helps entrepreneurs focus on the specific steps required for their business ideas to succeed, but it also assists them in meeting both short-term and long-term goals.
While a business plan is required whether you are starting a Limited Liability Company (LLC) or a simple sole proprietorship, not every entrepreneur sees the value in having one. Many people are hesitant to write down their plans, and there are numerous articles online claiming that the business plan is dead or irrelevant.
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V. You want to save $2,000 today for retirement in 40 years. You have to choose between the two plans listed in (i) and (ii). (i) Pay no taxes today, put the money in an interest-yielding account, and pay taxes equal to 25% of the total amount withdrawn at retirement. (In the U.S., such an account is known as a regular individual retirement account, or IRA.) (ii) Pay taxes equivalent to 20% of the investment amount today, put the remainder in an interest-yielding account, and pay no taxes when you withdraw your funds at retirement. (In the U.S., this is known as a Roth IRA.) a. What is the expected present discounted value of each of these plans if the interest rate is 1
Answers
Answer:
a-1. We have:
Expected present discounted value of Plan (i) at 1% interest rate = $1,567.17
Expected present discounted value of Plan (ii) at 1% interest rate after tax = $1,600
a-2. We have:
Expected present discounted value of Plan (i) at 10% interest rate = $1,500
Expected present discounted value of Plan (ii) at 10% interest rate after tax = $1,600
b. Plan (ii) would be chosen in both cases.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
You want to save $2,000 today for retirement in 40 years. You have to choose between the two plans listed in (i) and (ii).
(i) Pay no taxes today, put the money in an interest-yielding account, and pay taxes equal to 25% of the total amount withdrawn at retirement. (In the U.S., such an account is known as a regular individual retirement account, or IRA.)
(ii) Pay taxes equivalent to 20% of the investment amount today, put the remainder in an interest-yielding account, and pay no taxes when you withdraw your funds at retirement. (In the U.S., this is known as a Roth IRA.)
a. What is the expected present discounted value of each of these plans if the interest rate is 1%? 10%?
b. Which plan would choose in each case.
The explanation of the answer is given as follows:
a. What is the expected present discounted value of each of these plans if the interest rate is 1%? 10%?
a-1. Calculations of expected present discounted value of each of these plans if the interest rate is 1%
Expected future value of plan (i) at 1% after tax = (Amount to save today * (100% + Interest rate)^Number of years) * (100% - Tax rate) = ($2,000 * (100% + 1%)^40) * (100% - 25%) = $2,333.30
Expected present discounted value of Plan (i) at 1% interest rate = Expected future value of plan (i) at 1% after tax / (100%+ interest rate)^Number of years = $2,333.30 / (100% + 1%)^40 = $1,567.17
Expected present discounted value of Plan (ii) at 1% interest rate after tax = Amount to save today * (100% - 20%) = $2,000 * 80% = $1,600
a-2. Calculations of expected present discounted value of each of these plans if the interest rate is 10%
Expected future value of plan (i) at 10% after tax = (Amount to save today * (100% + Interest rate)^Number of years) * (100% - Tax rate) = ($2,000 * (100% + 10%)^40) * (100% - 25%) = $67,888.88
Expected present discounted value of Plan (i) at 10% interest rate = Expected future value of plan (i) at 10% after tax / (100%+ interest rate)^Number of years = $67,888.88 / (100% + 10%)^40 = $1,500
Expected present discounted value of Plan (ii) at 10% interest rate after tax = Amount to save today * (100% - 20%) = $2,000 * 80% = $1,600
b. Which plan would choose in each case.
Plan (ii) would be chosen in both cases because its expected present discounted value of $1,600 is higher in both cases.
Additional Note:
There is no need to calculate the expected present discounted value of Plan (ii) using the interest rates given. This is because it is already in the present period. Only tax is deducted from it.
what is development
Answers
Answer:
when your slowly growing or developing a new tecnique of something
Explanation:
2 Kabaza Mbowe had a debtor total is K 1600 at the end of his financial year, ending 31 December 2015. He decided to create a provision for doubtful debts at the rate 5% each year on 31 December 2016 his debtors figure amounted to K1400 while at the end of 2017 the debtors value amounted to 1,850. require to show the provision for bad and doubtful accounts for the three years 2015,,2017. clearly showing both transfers to profit and loss account and balance carried forward for each year.
Answers
Answer:
A
Explanation:
ur welcome
what is true about taxes ?
Answers
Answer:
1. TAXES DATE BACK TO AT LEAST ANCIENT EGYPT.
We can trace documented records of taxation all the way back to Ancient Egypt, sometime around 3000 to 2800 BCE. Apparently, there was a biennial event called the Following of Horus, when the Pharaoh went around collecting taxes in his dual roles as head of state and living incarnation of the god Horus. Taxation is even described in the Bible when Joseph tells the people of Egypt to give a fifth of their crops to Pharaoh.
2. THE FIRST TAXES IMPLEMENTED IN THE UNITED STATES CAUSED A REBELLION.
Fans of the Broadway musical Hamilton probably remember the lyric, “Imagine what gon’ happen when you try to tax our whiskey.” What happened was the Whiskey Rebellion, which was largely due to a tax that Alexander Hamilton imposed on—you guessed it—whiskey.
As you might imagine, people were extremely unhappy about it, especially small producers of whiskey, who, because of the way the tax was structured, had to pay nine cents per gallon in taxes, while larger producers were able to get as low as six cents. Violence quickly broke out. Tax officers were assaulted and tarred and feathered for trying to do their jobs, and several people were killed during riots. The Rebellion was eventually quashed in 1794, and the whiskey tax remained in effect until 1802, when Thomas Jefferson repealed it.
3. ABRAHAM LINCOLN GAVE US FEDERAL INCOME TAX.
Abraham Lincoln signed the Revenue Act in 1861, which imposed the first-ever federal income tax. To drum up funds for the Civil War, Lincoln and Congress enacted a modest 3 percent tax on income over $800, which would be roughly $23,000 today. The law was almost instantly replaced with a new revenue act and would be repealed a decade later, but the relief obviously didn’t last: In 1913, the 16th Amendment established the federal income tax system we all know today.
4. TAX DAY WASN'T ORIGINALLY ON APRIL 15.
When the modern federal income tax was established, lawmakers set March 1 as the looming deadline.
Although they gave no reason for this particular date, it was presumably to give people a couple of months to gather paperwork and crunch numbers after the end of the year. By 1919, the government tacked a couple of more weeks on to help panicked filers, making March 15 the date. That date stood until 1955, after Congress acknowledged that doing your taxes was getting more complicated by the year.
To help accommodate all of those changes and give people adequate time to file, the date was bumped by another month—but the change wasn’t entirely altruistic. The IRS acknowledged that the extra month would help their employees as well, spreading the workload out across another 30 days.
5. WE SPEND A LOT OF TIME DOING OUR TAXES.
The amount of time we spend doing our taxes every year suggests that the repeated date changes may have been justified. According to the IRS, the average taxpayer spends about 11 hours doing record-keeping, tax planning, form submission, and other super fun tax-related activities. Of course, if you break it down even further, the amount of time changes based on the type of form the filers use. Business filers spend about 20 hours, including 10 hours on record-keeping alone.
Explanation:
please mark me brainliest and theses are just facts about taxes
Which of the following is not one of the drivers of supply chain performance? A. facilities B. procedures C. information D. inventory
Answers
B. Procedures is not one of the drivers of supply chain performance.
The four main drivers of supply chain performance are facilities, inventory, information, and transportation. These drivers help to determine how responsive and efficient the supply chain is.
Good facilities or locations ensure that the goods produced are in good condition till they are requested by consumers. The quality of the goods is also preserved. Efficient transportation ensures that goods get to the customers on time. Inventory which involves stock-taking helps salespeople to know what goods are available and readily provide customers with the needed information and stock. Information is also an essential factor. Knowledge of factors affecting pricing, push versus pull, forecasting, etc., helps decision-makers to know what is needed to improve the quality of goods and their delivery.Conclusively, Procedures are not one of the drivers of supply chain performance.
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What is the difference between gross and net pay?
A. There is no difference between gross pay and net pay.
B. Gross pay is the amount you earn; net pay is the amount you
receive after deductions.
C. Net pay is always more than gross pay.
D. Net pay is the amount you earn; gross pay is the amount you
receive after deductions.
Answers
the distinction between gross and net wages Your gross pay is how much you are paid; your net pay is how much you are paid after deductions. As a result, choice (B) is accurate.
Generally speaking, net wages" refers to the sum of money an employee receives after all withholdings and taxes have been deducted from their gross pay. It serves as a representation of the real pay that an employee receives.
To be clear, the appropriate sentence describing the distinction between gross compensation and net paid is Net pay is the amount you receive after deductions; gross pay is the amount you earn.
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The list price of an item is $96.60. The supplier is offering a series trade discount of 10/10/19. Find the net cost.
The net cost of the item is $
(Round to the nearest cent as needed.)
Answers
The net cost of the item, after applying the series trade discount, is $63.41.
To calculate the net cost of the item, we need to apply the series trade discount provided. The series trade discount is given as 10/10/19, which means there are three successive discounts applied.
Let's break down the discounts:
The first discount is 10%.The second discount is 10%.The third discount is 19%.To find the net cost, we need to calculate the price after each discount.
Step 1: Apply the first discount of 10%
List price - (10% of list price)
List price - (10/100 * List price)
List price - 0.1 *
List price = 0.9 * List price
Step 2: Apply the second discount of 10%
0.9 * List price - (10% of 0.9 * List price)
0.9 * List price - (10/100 * 0.9 * List price)
0.9 * List price - 0.09 * List price
0.81 * List price
Step 3: Apply the third discount of 19%
0.81 * List price - (19% of 0.81 * List price)
0.81 * List price - (19/100 * 0.81 * List price)
0.81 * List price - 0.1539 * List price
0.6561 * List price
Now, to find the net cost, we multiply the list price by the result of the series of discounts:
Net cost = List price * 0.6561
Given that the list price is $96.60, we can calculate the net cost:
Net cost = $96.60 * 0.6561
Calculating this, we find:
Net cost = $63.41 (rounded to the nearest cent)
Therefore, the net cost of the item, after applying the series trade discount, is $63.41.
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Your new marketing assistant just handed you a presentation that you are to give on
the phases of an effective social media marketing campaign. One of the slides lists the
phases of a typical campaign as follows:
1. Goal setting
2. Develop strategies
3. Target audience
4. Produce content
5. Implement the plan
6. Monitor
7. Measure
Is there anything wrong with the ordering of these phases?
O No, the phases are listed in the correct order.
O Yes, the phases are ordered incorrectly. Measure and Monitor should be switched.
O Yes, the phases are ordered incorrectly. Target audience and Develop strategies
should be switched.
O Yes, the phases are ordered incorrectly. Goal setting and Develop strategies
should be switched.
O Yes, the phases are ordered incorrectly. Produce content and Target audience
should be switched.
Answers
Yes, the phases are ordered incorrectly. audience and Develop strategies should be switch.
Tell all about slides lists ?
Goal Setting: Goal-setting is that the process of taking active steps to achieve your desired outcome.
Develop strategies: Strategy development may be a company's plan to achieve consistent growth. this system lists detailed data and objectives that describe how your team plans on accomplishing each goal.
Target audience: A audience is a group of people defined by certain demographics and behavior. Often, businesses use what they realize their target audience to create user personas. These personas guide their decisions on marketing campaigns.
Produce content: Content production is that the process of developing and creating visual or written assets, like videos, eBooks, blog posts, whitepapers, or infographics.
Implement the plan: An implementation plan—also referred to as a strategic plan—outlines the steps your team should take when accomplishing a shared goal or objective. This plan combines strategy, process, and action and can include all parts of the project from scope to budget and beyond
Monitor: Monitoring is that the regular observation and recording of activities taking place in a project or programme. it's a process of routinely gathering information on all aspects of the project. to watch is to check on how project activities are progressing. it's observation; ─ systematic and purposeful observation
Measure: the method of associating numbers with physical quantities and phenomena. Measurement is prime to the sciences; to engineering, construction, and other technical fields; and to most everyday activities.
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Jillet Corporation began the year with inventory of 10,000 units of its only product. The units cost $8 each. The company uses a perpetual inventory system and the FIFO cost method. The following transactions occurred during the year: Purchased 50,000 additional units at a cost of $10 per unit. Terms of the purchases were 2/10, n/30. The company uses the gross method to record purchase discounts. The inventory was purchased f.o.b. shipping point and additional freight costs of $0.50 per unit were charged to Jillet. 1,000 units purchased during the year were returned to suppliers for credit. Jillet was also given credit for the freight charges of $0.50 per unit on the original purchase. The units were defective and were returned two days after they were received. The remaining inventory was paid within the discount period. (Hint: The discount applies only to inventory and not the freight.) Sales for the year totaled 45,000 units at $18 per unit. (Hint: The cost of the inventory sold includes the purchase cost of those units plus freight less purchase discount.) On December 28, Jillet purchased 5,000 additional units at $10 each. The goods were shipped f.o.b. destination and arrived at Jillet’s warehouse on January 4 of the following year. 14,000 units were on hand at the end of the year. Required: Determine ending inventory and cost of goods sold at the end of the year. Assuming that operating expenses other than those indicated in the above transactions amounted to $150,000, determine income before income taxes for the year. For financial reporting purposes, the company uses LIFO (amounts based on a periodic inventory system). Record the year-end adjusting entry for the LIFO reserve, assuming the balance in the LIFO reserve at the beginning of the year is $15,000. Determine the amount the company would report as income before taxes for the year under LIFO. Operating expenses other than those indicated in the above transactions amounted to $150,000.
Answers
1A) The cost of goods sold under FIFO perpetual inventory is $440,150.
1B) The Ending Inventory under FIFO perpetual inventory is $144,550.
1C) The income before taxes under FIFO perpetual inventory is $219,850.
2A) The cost of goods sold under LIFO periodic inventory is $463,500.
2B) The Ending Inventory under LIFO periodic inventory is $124,920.
2C) The income before taxes under LIFO periodic inventory is $196,500.
2D) Adjusting journal entry for LIFO reserve:
Debit Cost of goods sold (FIFO) $8,350
Credit LIFO reserve $8,350
What is the difference between FIFO and LIFO methods?The FIFO is the first-in, first-out costing method that assumes that goods bought first are the first to be sold.
LIFO is the last-in, first-out costing method that assumes that the last goods bought are the first to be sold.
What is the difference between a periodic and perpetual inventory system?A periodic inventory system accounts for inventory at the end of the period.
A perpetual inventory system accounts for inventory at the inventory transaction date and not at the end of the accounting period.
Data and Calculations:Beginning inventory units = 10,000 units
Cost per unit = $8
Total beginning inventory value = $80,000 ($8 x 10,000)
Inventory system: Perpetual with FIFO cost method
Transaction Analysis:FIFO method/Perpetual Inventory System:Inventory $500,000 (50,000 units at $10) Accounts Payable $500,000
Terms 2/10, n/30.
Freight-in Expense $25,000 (50,000 x $0.50) Accounts Payable $25,000
Accounts Payable $10,000 Inventory $10,000
Accounts Payable $500 Freight-in Expense $500
Accounts Payable $514,500 Cash Discounts $9,800 Cash $504,700
Cost of goods sold $440,150 ($80,000 + $367,500 - $7,350) Cash Discount $7,350 Inventory $430,000 Freight-in Expense $17,500
Cash $810,000 Sales Revenue $810,000
Ending inventory cost = $144,550 {($10 x 14,000) + ($0.50 x 14,000) - $2,450}
Net income:Sales revenue $810,000
Cost of goods sold $440,150
Operating cost = $150,000
Income before taxes = $219,850
LIFO Method/Periodic Inventory:Cost of goods sold $463,500 ($10 x 45,000 + ($0.50 x 45,000) - $9,000) Cash Discount $7,350 Inventory $450,000 Freight-in Expense $22,500
Cash $810,000 Sales Revenue $810,000
Ending inventory cost = $124,920 {($10 x 4,000) + ($8 x 10,000) + ($0.50 x 10,000) - $800}
Net income:Sales revenue $810,000
Cost of goods sold $463,500
Operating cost = $150,000
Income before taxes = $196,500
LIFO reserve increase = $8,350 ($23,350 - $15,000)
New LIFO reserve = $23,350 ($463,500 - $440,150)
Thus, the LIFO reserve is the difference between the cost of goods sold under FIFO and LIFO costing methods.
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________ is a report that tells the reader about a topic, idea, issue, or event, and the information is presented without analysis or recommendation.
Question options:
Scientific report
Chronological report
Analytical report
Informational report
Answers
An informational report is a report that tells the reader about a topic, idea, issue, or event, and the information is presented without analysis or recommendation.
This is further explained below.
What is an Informational report?Generally, While all reports offer information, an informational report's goal is to do it in a systematic, neutral fashion, devoid of judgment or suggestions. After that, the writer is supposed to provide a brief overview of the material.
An informative report does not include any analysis of the events, actions, people, or situations that it describes and is intended to inform or teach the reader. A police accident report is an example of this style of report, which is known as a "just the facts" report.
In conclusion, An informative report is a report that informs the reader on a subject, idea, problem, or event; nevertheless, the information is delivered without any analysis or recommendations.
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Uptown Food Mart has two stores in the Chicago area. One is in the Italian neighborhood of the city and is stocked with olive oil, fresh vegetables, fish, and pasta. The other store is located in the predominantly Latino section of the city and stocks items that appeal to the Latino market. The chain is using ________ segmentation.
Answers
There are different kinds of services. The chain above is using psychographic segmentation.
What is psychographic segmentation?Psychographic market segmentation is known to be one of the efficient segmentation methods used other than demographic segmentation, geographic segmentation, etc.
An Examples of this traits are social status, daily activities, etc. Psychographic segmentation is said to be one which breaks into smaller bits the customer groups into different segments that influence buying behaviors of a consumer.
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Enterprise mashup technology does not provide a mechanism to easily customize and share knowledge throughout the company.
a. True
b. False
Answers
Unlike consumer credit, trade credit does not involve the use of a
Answers
Answer:
Trade credit means many things but the simplest definition is an arrangement to buy goods and/or services on account without making immediate cash or check payments. Trade credit is a helpful tool for growing businesses, when favorable terms are agreed with a business's supplier.
Explanation:
Trade credit allows businesses to receive goods or services in exchange for a promise to pay the supplier within a set amount of time. New businesses often have trouble securing financing from traditional lenders; buying inventory, for example, on trade credit helps increase their purchasing power.