When saving a mileage trip using the Mileage feature in QuickBooks, the account that is impacted is Mileage Expense. The account that is impacted when saving a mileage trip using the Mileage feature in QuickBooks is Mileage Expense.
What is QuickBooks? QuickBooks is an accounting software package that is used by small and medium-sized businesses to manage their finances. It includes a variety of features such as invoicing, payment processing, and inventory tracking. QuickBooks can be used to manage sales and expenses, generate financial reports, and help with tax preparation. What is the Mileage feature in QuickBooks? The Mileage feature in QuickBooks is a tool that can be used to track the miles driven for business purposes.
This feature allows you to enter the starting and ending locations of a trip and calculates the mileage based on the distance between the two points. The mileage can then be associated with a customer or job and can be used to create an expense record in QuickBooks. The account that is impacted when saving a mileage trip using the Mileage feature in QuickBooks is Mileage Expense.
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· Hope's contribution to her RETIREMENT plan...
a. is a post-tax contribution on which she pays federal income taxes
b. is pre-tax and therefore not included in federal income taxes
c. Is a contribution to her Social Security
d. is taxed at a rate of 15%
Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
What does the check say?The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
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Steps in growing a good business?
A.) Rush everything and spend everything.
B.) Save up but work half way.
C.) Become a Good leader and work and save up.
Jonah had $25 to spend. He
decided to buy a new shirt
instead of going to the
amusement park with his
friends, Jonah has: purchased a
service, made an economic
tradeoff, made a poor
economic decision, or ignored
the concept of scarcity
Answer:
ignored the concept of scarcity
sales price $6.23 per unit variable costs $2.81 per unit fixed costs $10,782 budgeted number of units 5,878 what is margin of safety in units?(round to the nearest whole unit in your final answer)
To calculate the margin of safety in units, we first need to determine the contribution margin per unit, break-even point, and then subtract the break-even point from the budgeted number of units. To calculate the margin of safety in units, we first need to find the break-even point.
The break-even point is where the total revenue equals the total cost.
Total Revenue = Sales Price x Budgeted Number of Units
Total Revenue = $6.23 x 5,878
Total Revenue = $36,569.94
Total Cost = (Variable Cost per Unit x Budgeted Number of Units) + Fixed Costs
Total Cost = ($2.81 x 5,878) + $10,782
Total Cost = $26,062.18
Now, we can find the break-even point in units:
Break-Even Point = Total Fixed Costs / Contribution Margin per Unit
Contribution Margin per Unit = Sales Price per Unit - Variable Cost per Unit
Contribution Margin per Unit = $6.23 - $2.81
Contribution Margin per Unit = $3.42
Break-Even Point = $10,782 / $3.42
Break-Even Point = 3,150.88
So, the break-even point is 3,150.88 units.
To find the margin of safety in units, we subtract the budgeted number of units from the break-even point:
Margin of Safety in Units = Break-Even Point - Budgeted Number of Units
Margin of Safety in Units = 3,150.88 - 5,878
Margin of Safety in Units = -2,727.12
We get a negative result because the budgeted number of units is higher than the break-even point. This means that the company is not operating at a profit and needs to increase sales or decrease costs.
Therefore, there is no margin of safety in units.
1. Contribution margin per unit = Sales price per unit - Variable costs per unit
= $6.23 - $2.81 = $3.42
2. Break-even point in units = Fixed costs / Contribution margin per unit
= $10,782 / $3.42 ≈ 3,152 units
3. Margin of safety in units = Budgeted number of units - Break-even point in units
= 5,878 - 3,152 = 2,726 units
The margin of safety in units is approximately 2,726 units.
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Well-defined goals such as defining the risks a program will manage, what risk management processes are required, and how risk management efforts will be coordinated are all part of a(n)_____ program.
Well-defined goals such as defining the risks a program will manage, what risk management processes are required, and how risk management efforts will be coordinated are all part of a risk management program.
Risk management is the process which is used for identifying, assessing and controlling threats to an organization's capital and earnings. These risks arise from a variety of sources which includes financial uncertainties, legal liabilities, technology issues, accidents, strategic management errors and natural disasters.
A successful risk management program also helps an organization to consider the full range of risks faced by it. Risk management examines the relationship between the different risks and the cascading impact they could have on an organization's strategic goals.
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Agency problems are most likely to be associated with?
Agency troubles are most likely to be related with corporations. Agency troubles is the problem of interest inherent between the interest of two party in a corporation.
What is corporation?Corporation is the legal structure that creates with the laws and regulation of its state of incorporation. Specific states have the authority to make an effect of the law.
They can create, dismiss, organization and dissolution of any law within the state of corporation. Many states follow the Model Business Corporation Act.
Thus, Agency troubles are most likely to be related with corporations.
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true or false: the number of maya artifacts sold in the united states through auction has decreased since the 1970's.
True, the number of Maya artifacts sold in the United States through auction has decreased since the 1970s.
This decline can be attributed to several factors. Firstly, there has been a growing awareness and concern regarding the preservation of cultural heritage, leading to stricter laws and regulations on the trade of antiquities. Secondly, international cooperation has increased, resulting in the repatriation of stolen artifacts to their countries of origin. Lastly, public opinion has shifted, with many collectors now prioritizing the ethical acquisition of artifacts. Collectively, these factors have contributed to a decrease in the number of Maya artifacts being sold at auction in the U.S. since the 1970s.
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What ethical work habit demonstrates that a person is honest and trustworthy? Choose the answer.
Question 8 options:
Leadership
Integrity
Dependability
Efficiency
Managerial accountants:
a. create the company’s financial statements that are submitted to government agencies such as the Internal Revenue Service.
b. negotiate contracts with suppliers
c. create financial reports and provide other types of accounting information to investors.
d. provide managers within the organization with reports to make good business decisions.
Managerial accountants provide managers within the organization with reports to make good business decisions.
Who are Managerial accountants?They are account managers, they help a company to manage the financial account and hep to make decisions based on the trend on the account.
They also hep perform various task that is associated with the account.
Therefore, Managerial accountants provide managers within the organization with reports to make good business decisions.
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analyse the impact of an enterprise using break even analysis to make business decisions
Answer:
Using break-even analysis in your feed and grain business can help you understand and examine the profit drivers of your business. It is a very useful tool that can help you understand how much you need to sell to cover your costs and how pricing, cost, and volume changes impact these needed sales.
what independent sales branch is being replaced by a manufacturer sales branch
two difference between purchasing shares on the stock market and saving in a commercial bank
The main difference between investment banking and commercial banking is that investment banking typically deals with purchasing and selling bonds and stocks for companies , and also helping them issue IPOs , while commercial banks primarily deal with deposits or loans for companies or individuals .
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Commercial banks accept deposits, make loans, protect assets, and serve a wide range of customers, including the general public and businesses. In contrast, investment banks serve large corporations and institutional investors.
What commercial bank means?A commercial bank is a financial institution that accepts deposits from customers and provides loans and other services. Commercial banks offer basic banking services to their customers as well as small and medium-sized businesses.
One of the primary functions of an investment bank is to act as a go-between for corporations and investors via initial public offerings (IPOs). When a company decides to go public and seeks equity funding, investment banks offer underwriting services for new stock issues.
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where can i get my check engine light checked for free
What are the phases of Design Thinking and discuss its importance
Answer:
Design thinking is a non-linear, iterative process that teams use to understand users, challenge assumptions, redefine problems and create innovative solutions to prototype and test. Involving five phases—Empathize, Define, Ideate, Prototype and Test—it is most useful to tackle problems that are ill-defined or unknown.
Explanation:
Answer: Design thinking is a non-linear, iterative process that teams use to understand users, challenge assumptions, redefine problems and create innovative solutions to prototype and test. Involving five phases—Empathize, Define, Ideate, Prototype and Test—it is most useful to tackle problems that are ill-defined or unknown.
Explanation:
The balance or lack of balance between accumulation and wastage is called?
The balance or lack of balance between accumulation and wastage is called glacial budget. The harmony—or lack thereof—between loss or wasting at the glacier's foot and accretion at its head.
What is glacial budget?
The ratio of inputs to outputs that affect the glacial system is known as the glacial budget. Inputs surpass outputs in the top portion of the glacier, which is frequently encountered in mountainous regions because of snowfall and avalanches that add to the glacier.What is the purpose of a glacial budget meter?
A measure of the rate at which a glacier will advance or recede annually is called the glacier budget. Make your own special glacier. Put the budget meters in positions A, B, and C on the glacier using the green boxes.Learn more about glacier budget
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PLS NEED HELP IM BEHIND BAD
Answer:
The first answer
Explanation:
Just took it
Identify a way that a budget can help business people make better decisions.
Budget gives business people a range of limited money to work with, meaning that they only have so much and no space for bad decisions. Bad decisions will then influence their way of understanding of limit and learn from it. This then pushes business people to make better decisions. Better decisions help them make more profit, increasing their budget.
Describe entrepreneurship. How is it different than working for someone else?
How does entrepreneurship affect you? How does it affect the economy?
It is the study of process involved in identifying a business opportunity and acquiring the necessary resources to start and run the business
~It has created employment
~It has reduced rural-urban migration since some businesses have been set up in Rural areas.
~Saving imports since goods can be locally produced reducing the cost of importing them
~It has raised people's standard of living since one can acquire goods he/she can't produce
~The government can earn there revenue from taxation of the businesses set up by the entrepreneurs
The entrepreneur is the person involved in entrepreneurship.He/she can be the employer of his/her business.Thats what makes it different from being employed/working for someone else.We can say Bill Gates is an entrepreneur since he started Microsoft
How much interest will Henry save if he finances the vehicle over 36 months instead
. For each action, write YES or NO for whether it will likely decrease your credit score:
a. You request a copy of your credit report
b. You open 5 new credit cards in one month
c. You are 3 months late paying your student loan bill
d. You lose your job, & it takes 4 months to find a new one
What is one major effect of specialization on an economy?
O A. Self-sufficiency becomes more important as many businesses
shut down.
B. Opportunity costs for trade rise as businesses are slow to change.
C. Labor becomes more divided as workers focus on certain skills.
D. Voluntary exchange declines as fewer countries can trade
internationally.
Answer: It’s C
Explanation: read it before you check it because the order might be different in different test.
The one major effect of specialization on an economy is that the Labor becomes more divided as workers concentrate on definite skills.
What is specialization in an economy?Specialization is a manufacturing method in which an organization concentrates on producing a narrow range of products in order to increase efficiency.
Specialization has one cardinal determinant on an economy, that the labor becomes more and more divided as workers focus on specific abilities.
Therefore, option C is correct.
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according to the bad weather video, when a driver stops on slick pavement by pressing the brake firmly to the point just before the wheels lock is known as _____ braking.
According to the information provided in the bad weather video, when a driver stops on slick pavement by pressing the brake firmly to the point just before the wheels lock, it is known as threshold braking.
Threshold braking is a technique used to maximize braking effectiveness while maintaining control of the vehicle on slippery surfaces. By applying steady pressure to the brake pedal without allowing the wheels to lock up, the driver can achieve optimal braking force and prevent the loss of traction that can occur when the wheels lock.
This technique allows the driver to maintain steering control and reduce the risk of skidding or sliding during the braking maneuver.
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IS THIS STATEMENT TRUE, FALSE OR UNCERTAIN?
PLEASE EXPLAIN WITH THE REASON
Q: In the Ricardian Model, the key determinant of a country's comparative advantage is abundance in labor.
The statement 'In the Ricardian Model, the key determinant of a country's comparative advantage is abundance in labor' is FALSE.
The Ricardian Model of comparative advantage considers factors beyond labor abundance. It emphasizes differences in labor productivity as the key determinant of comparative advantage. The model states that countries specialize in producing goods in which they have a lower opportunity cost, resulting from their productivity advantage.
This advantage can be influenced by various factors such as technological advancements, capital investment, skill levels, and efficiency. Labor abundance alone does not guarantee comparative advantage if it is not accompanied by higher productivity.
Therefore, the Ricardian Model recognizes that multiple factors contribute to a country's comparative advantage, making the statement false.
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The Basket Corporation has the following classes of shares: Preferred shares, $40, 1,000 shares issued and outstanding, non-cumulative. Common shares, 100,000 shares issued, 50,000 shares outstanding. In 20X1, Basket Corporation was incorporated. It paid no dividends in its first year of existence. In 20X2, the board of directors of Basket declared a total dividend of $160,000 to be paid to the holders of preferred and common shares. What was the amount of the dividend paid in 20X2 on each common share? $1.20 $4.00 O $2.80 $2.40
The amount of the dividend paid in 20X2 on each common share of the Basket Corporation was $2.40.
This was computed by first satisfying the dividend of preferred shares, and then dividing the remaining dividend amount by the number of outstanding common shares. In 20X2, the declared total dividend was $160,000. First, the preferred shareholders are paid their dividends. Since they're non-cumulative, we only consider this year's dividends. The total for preferred shares is $40 per share * 1,000 shares = $40,000. Subtracting this from the total gives us $120,000 ($160,000 - $40,000) left for the common shareholders. As there are 50,000 common shares outstanding, we divide the remaining dividend amount by the number of common shares to find the per-share amount: $120,000 / 50,000 shares = $2.40 per common share.
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Please help with economics for 100 points and brainliest
Answer: Okay, I’ll try.
Explanation:
the answer to your question is A
which of the following is an example of contractionary fiscal policy? group of answer choices lowering individual income taxes lowering the interest rates increasing individual income taxes increasing interest rates
A prime example of expansive fiscal policy is the (B) stimulus package.
What is expansionary fiscal policy?By giving consumers and businesses more money, an expansionary fiscal policy aims to boost economic activity. It's one of the main ways governments react to business cycle contractions and avoid economic recessions.If all else remains the same, a fiscal expansion will result in higher interest rates and "crowd out" some private investment, lowering the share of private investment in production. Fiscal policy also has an impact on the trade balance and the exchange rate in an open economy.The stimulus package is an illustration of expansive fiscal policy. When a central bank employs an expansionary monetary policy, it helps to boost the economy. This boosts the availability of money, brings down interest rates, and raises demand. It promotes economic expansion.Therefore, a prime example of expansive fiscal policy is the (B) stimulus package.
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Correct question:
Which of the following is an example of expansionary fiscal policy?
a. increase in taxes
b. stimulus package
c. increasing the money supply d. lowering interest rates
The future exchanges in the U.S. do not allow future contracts on individual stocks. OTrue O False To close-out a futures position, the investor enters into a contract with all of the following characteristics as the original contract EXCEPT O the same expiration date. O the same sale price. the same underlying asset. O the opposite position. O all of the above are needed characteristics
The statement "The future exchanges in the U.S. do not allow future contracts on individual stocks" is false. Futures contracts on individual stocks are indeed available on certain U.S. futures exchanges.
The Chicago Mercantile Exchange (CME) and the Intercontinental Exchange (ICE) are two major futures exchanges in the U.S. that offer futures contracts on individual stocks. These contracts, known as single-stock futures, allow investors to speculate on the future price movements of specific stocks. Single-stock futures can be used for various purposes, including hedging existing stock positions or taking directional bets on the price movements of individual stocks.
Regarding the characteristics of closing out a futures position, an investor enters into a contract with all of the following characteristics as the original contract, except for "the same sale price." When closing out a futures position, the investor seeks to offset or reverse the original position. This involves entering into a contract with the opposite position, which means taking the opposite side of the trade.
The key characteristics of the closing-out contract are as follows:
1. The same expiration date: The closing-out contract should have the same expiration date as the original contract. This ensures that the positions are synchronized and settled at the same time.
2. The same underlying asset: The closing-out contract should have the same underlying asset as the original contract. It ensures that the investor's exposure to the price movements of the asset is effectively canceled out.
3. The opposite position: The closing-out contract should take the opposite position of the original contract. For example, if the investor initially entered a long (buy) position, they would enter a short (sell) position to close out the trade, or vice versa.
While the same sale price is not a necessary characteristic, it is important to note that the closing-out contract's price may be different from the original contract due to changes in market conditions, time value, or other factors.
In summary, futures exchanges in the U.S. do offer futures contracts on individual stocks, and to close out a futures position, the investor enters into a contract with the same expiration date, the same underlying asset, and the opposite position. The same sale price is not a necessary characteristic as it can vary depending on market conditions.
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Can anyone help me think of an advertisement for a product I’m selling which is a drone.
Regardless of the variety of options available, all forms of advertising share two objectives: to influence customers so that they become leads or customers.
How to Influence Customers?
Consumer behavior is influenced by four psychological factors: attitude or set of beliefs, perception, learning, and motivation. Behaving in a manner that offers others the opportunity to change (their behavior, attitudes, thoughts, and ways) and/or accommodate your own wishes is one aspect of influencing skills. However, it is important to recognize that others may be unable to, unwilling to, or unprepared to respond to our request to be influenced. Human behavior is influenced by a variety of factors and characteristics. These are distinctions that are unique to the person with whom you are collaborating. Personality traits.
These are things that affect how a person interacts with other people. Institutional elements. Factors that affect the community and Public policy.
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What is a small business according to the SBA?
It uses firm income (from $1 million including over $40 millions) and employment to define small businesses (from 100 to 1,500 employees).
SBA stands for what in a small business?Its U.S. Small Business Agency (SBA) supports Americans in establishing successful enterprises and fostering their growth. For instance, a roofing company is considered a small business by the SBA if their yearly sales are $16.5 million or less. A small business is described as a company that employs a small number of people, usually less than 500, and runs separately from bigger organisations. A sole proprietor or a small group of owners often run and own small firms, which are usually privately owned and operated.
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if the government determines whether you get an apartment, you are most likely living in a [1] economy. In a [2] society, the government controls the resources. In a [3] society, the community in theory is supposed to control the resources, but in reality, the [4] does.
[1]- a. command
b. market
c. traditional
[2]- a. capitalist
b. communist
c. socialist
[3]- a. capitalist
b. communist
c. socialist
[4]- a. government
b. individual
c. market
Answer:
1. a. Command
2. c. Socialist
3. b. Communist
4. a. Government
Explanation:
"If the government determines whether you get an apartment, you are most likely living in a Command economy. In a Socialist economy, the government controls the resources. In a Communist society, the community, in theory, is supposed to control the resources, but in reality, the Government does."
1. A command economy is a type of economy where the government determines what is produced when it is produced, the quantity, as well as the price at which commodities are produced. The government also determines other activities in the economy such as the assignment of living spaces as well as the investments in the economy.
2. A socialist economy is an economy where goods are produced for consumption and are distributed to ensure equity by a centrally placed authority, which is the government.
3. A communist society according to Karl Marx is a classless society where all the resources belong to the entire community and properties are not owned by private individuals. In reality, though, the government actually controls the resources in this type of society. China is a country that practices communism.