Answer:
B. Type of Earnings
Explanation:
Federal Income Taxes are taxes levied by the Internal Revenue Service (IRS) of the United States and it usually calculated and taken or withheld from the annual income of persons, corporations among other legal organisations.
The components that get taxed from one's income include the earnings from employment as well as the capital gains and the number of exemptions, gross pay of the individual and the filing status are very important in calculating the tax.
However, type of earning is a determinant that is only relevant for self-employment and since the individual is an employee, then it will not be relevant for making decisions on deductions from the individual's pay.
A major problem with buying other companies in order to gain access to their product lines is that the acquiring firm may lose its own ability to innovate. True or false?
Answer:
Answer is "FALSE"
Explanation:
As , when a company buys another company there is a strong Knowledge Transfer you can learn about running the business from the current owner, which helps you to gain an insight about their experiences and also use their expertise as how they worked previously on their existing products and you can then grab ideas and follow procedures and use them for your own innovation (The acquiring firm).
Which dimension of project management centers on creating a temporary social system within a larger organizational environment that combines the talents of a divergent set of professionals working to complete the project?
Answer:
Sociocultural
Explanation:
Sociocultural dimension of project management focuses on the organization culture that is set of values, assumptions, behaviors shared by organizational members.
The dimension of project management that focuses on building a temporary social system for diverse professionals to collaborate on a project is encompassed in organizational psychology. It emphasizes on a team-based approach, where equity and effective leadership play crucial roles in shaping a project's success by fostering an environment of collaboration and fair distribution of responsibilities.
Explanation:The dimension of project management which centers on creating a temporary social system within a larger organizational environment that combines the talents of a divergent set of professionals working to complete the project is often rooted in organizational psychology. This field studies how individuals and teams operate within organizations, and it takes into account how to optimize human behavior in work settings. The aim is to create a well-functioning team that is capable of handling complex tasks by capitalizing on diverse skills, experiences, and expertise. Establishing such a system requires an understanding of social systems, effective communication, and robust leadership capabilities, often necessitating a team-based approach and long periods of interpersonal relationship building.
The complexities inherent in team dynamics are influenced by several factors, such as technological advances, economics, globalization, and changing workplace demographics. This necessitates organizations to be agile and adapt by facilitating work through diversified teams, rather than on an individual basis. These teams are formed to accomplish specific tasks with the collaboration of multi-disciplinary professionals who work within the broad framework of the organization's social structure. Success in this context is linked to the equity among stakeholders and the transparent, fair distribution of responsibilities and benefits, which directly impacts the efficiency and productivity of these teams. Therefore, it is imperative for leadership to actively participate in and understand every aspect of a project to maintain a balanced and equitable social system, fostering an environment that is conducive for all professionals to contribute substantially towards the project's completion.
The total cost of ownership for Supplier A is $2,670,000. The total cost of ownership for Supplier B is $1,750,000. The total cost of ownership for Supplier C is $2,990,000. Using Total Cost Analysis, it will be more cost-effective to use _________.
a. Supplier A
b. Supplier B
c. Supplier C
d. Cannot be determined
Answer:
Using Total Cost Analysis, it will be more cost-effective to use;
b. Supplier B
Explanation:
Total cost of ownership (TCO) can be defined as the total cost of an asset including the purchase cost and cost of operation of the asset. Assessing the TCO takes a bigger picture analysis of the overall cost of an asset. Most people usually don't consider the operating costs of an asset. This can prove detrimental in the long run when one starts going through unaccounted operation expenses. Unforeseen expenditure can lead to poor credit scores since one did not prepare for them.
When buying an asset, it is imperative to consider the sort-term and long-term costs. The short-term costs are the immediate costs that are often clearly identified in the initial stages. The short-term costs are purchase and transportation costs. The long-term costs are costs that will be incurred with time, over the life of an asset. Examples of long-term costs are; depreciation costs and operations costs.
In our case above, the best option would be Supplier B since it's total cost of ownership is cheaper compared to Supplier A and Supplier C.
An Adjustable Rate Mortgage (ARM) contains an escalator clause that allows the interest to adjust over the loan term. How often the loan rate may be changed is determined by the?
Answer:
It's determined by the: adjustment period.
___________, which depict relationships between items on a firm's financial statements, are used to discern whether a firm is meeting its financial objectives and how it stacks up against its industry peers.A. Standards
B. Budgets
C. Pro formas
D. Financial ratios
E. Forecasts
Answer:
D. Financial ratios
Explanation:
Financial ratios are numerical values derived from financial statements to provide meaningful information and analysis about the company. Ratios use financial figures in the accounting statements to offer insights into a company's liquidity, profitability, and operational efficiency.
Financial ratio analysis can be used to compare business performance against its past trend and against the industry's performance. Information provided by ratio analysis is useful to management, investors, and shareholders. Although the data from ratio analysis is insightful, it requires additional information from the financial statements to provide the true picture of a company's state of affairs.
Suppose that Greece and Sweden both produce fish and shoes. Greece's opportunity cost of producing a pair of shoes is 5 pounds of fish while Sweden's opportunity cost of producing a pair of shoes is 10 pounds of fish. By comparing the opportunity cost of producing shoes in the two countries, you can tell thatY production of shoes and has a comparative advantage in the production of fish. has a comparative advantage in the_____ Suppose that Greece and Sweden consider trading shoes and fish with each other. Greece can gain from specialization and trade as long as it receives more than than of fish for each pair of shoes it exports to Sweden. Similarly, Sweden can gain from trade as long as it receives more ▼ of shoes for each pound of fish it exports to Greece. your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of fish) would allow both Sweden and gain from trade? . a) 8 pounds of fish per pair of shoes b) 1 pound of fish per pair of shoes c) 15 pounds of fish per pair of shoes d) 3 pounds of fish per pair of shoes
Answer:
a) 8 pounds of fish per pair of shoes
Explanation:
Suppose that Greece and Sweden both produce fish and shoes.
Greece's opportunity cost of producing a pair of shoes is 5 pounds of fish while Sweden's opportunity cost of producing a pair of shoes is 10 pounds of fish.
1. By comparing the opportunity cost of producing shoes in the two countries, you can tell that Greece production of shoes and has a comparative advantage in the production of fish. Sweden has a comparative advantage in the production of fish.
2. Suppose that Greece and Sweden consider trading shoes and fish with each other. Greece can gain from specialization and trade as long as it receives more than than 5 pounds of fish for each pair of shoes it exports to Sweden. Similarly, Sweden can gain from trade as long as it receives more 1/10 of shoes for each pound of fish it exports to Greece.
3. Which of the following prices of trade (that is, price of shoes in terms of fish) would allow both Sweden and gain from trade? .
a) 8 pounds of fish per pair of shoes b) 1 pound of fish per pair of shoes c) 15 pounds of fish per pair of shoes d) 3 pounds of fish per pair of shoes
The answer is a) 8 pounds of fish per pair of shoes because at this price Greece is making more than 5 pounds which is its cost, and Sweden is also benefiting because it is purchasing shoes at a price lesser than it would have produced it, in the bid to be self-reliant.
The Washington, D.C.-based Heritage Foundation survey consists of over 178 countries ranked by degree of economic freedom. The key economic variables considered for this ranking include all of the following except:
Answer:
percent foreign ownership.
Explanation:
The twelve freedoms included in the Heritage Foundation of Economic Freedom index are divided into four main categories:
Rule of law
Property rights Judicial effectiveness Government integrityGovernment size
Tax burden Government spending Fiscal healthRegulatory efficiency
Business freedom Labor freedom Monetary freedomOpen markets
Trade freedom Investment freedom Financial freedomConsumers and firms are known as price takers only if A. they can set the market price. B. they cannot affect the market price. C. no market exists to determine the equilibrium price. D. excess demand exists.
Answer:
B. they cannot affect the market price.
Explanation:
Price takers take the price set by the forces of demand and supply. They do not have power to determine the market price.
I hope my answer helps you
From your reading of the chapter's opening case, ACH Food Companies implemented new information systems in order to achieve which of the following business objectives?
A) customer and supplier intimacy
B) operational excellence
C) survival
D) improved decision making
E) new products and services
Answer:
B) operational excellence
Explanation:
Operational excellence refers to executing your business strategy better than your competitors. In other words, it means operating your company more efficiently. The only way that you can check if you achieved operational excellence is by comparing your results with the results of your competitors. If your company performs better, your results must be better also.
Decisions that are made based on the underlying circumstances of a particular matter can be best characterized by:
Ethical Collectivism
Situational ethics
Ethical relativism
Judgmental Individualism
Answer:
Situational Ethics decision
Explanation:
Situational Ethics decision - it is referred to as a decision that is based on ethics value rather than decisions that are based on moral standards. These types of decisions are made for a particular context in the matter. These are situational.
it is different from moral relativism as situational ethics predict the right or wrong while moral relativism decision on right or wrong.
The fact that we can walk and chew gum at the same time but tune out the person talking talking next to us illustrates this type of attention: A. dependent attention B. selective attention C. divided attention D. sequential attention
Answer:
C. divided attention
Explanation:
Divided attention is defined as the ability of the brain to perform the two different tasks at the same time or in other words providing the attention to the different tasks at the same time simultaneously and respond to the multiple actions in the surrounding.
This ability of divided attention helps us in attaining more efficiency in our daily life.
The four most common examples of documentary evidence which are valuable but difficult to obtain are
a. Web-based e-mail accounts, private bank records, tax returns, and brokerage records.b. Sample analytical reports, photographs and videos, tax returns, and SEC filings.c. Office e-mail accounts, private bank records, maps and diagrams, and sample analytical reports.d. Photographs and videos, private bank records, tax returns, and brokerage records.
Answer:
A) Web-based e-mail accounts, private bank records, tax returns, and brokerage records.
Explanation:
Generally a third party needs a court order (subpoena) in order to obtain private information, but that information is extremely useful when you are investigating possible frauds or other illegal activity. For example, most people keep their money on a bank or they invest it some type of asset, so if you want to compare someone's earnings vs. the total assets he/she possesses, access to their bank account, tax and brokerage records is crucial.
ckson's Programming paid its June of $500 cash. demonstrate how to use the accounting equation to record the transaction by completing the following sentence.
Jackson would decrease _________ and increase ________ in the accounting equation.
Answer:
Decrease Cash and Increase Expense
Explanation:
Jackson Programming paid $500 as rent for the month of June.
The accounting equation is is the basis of the double entry accounting principle system. It is an equation that stipulates that the balance sheet must remain balanced meaning every entry on the debit should be followed with a corresponding credit. It also means for every decrease there should be a corresponding increase.
In Jackson Programming;
A decrease is recorded in CASH because cash was paid, while an increase is recorded in EXPENSE because there is a corresponding increase in rent expenses.
If the bank suffers a deposit outflow of $50 million with a required reserve ratio on deposits of 10%, what actions can you take to keep your bank from failing?
Answer:
In this situation we have variety of choices.
we can call in or sell off loans .
we can go to the discount window .
we can borrow reserves in the federal funds market .
we have to choose one of these.
Explanation:
"We are offering loans so that they can lend to more customers." Many lenders are selling loans to other banks while retaining the freedom of operation.The discount window is a fiscal policy tool usually regulated by central banks which enables qualified institutions to borrow money from the central bank, typically on a quick-term basis, to meet immediate liquidity deficits caused by internally or externally disruptions.Federal Reserve funds are the collateral deposits banks do at the end of every day to meet the cost of borrowing. The Federal Reserve is using the fed funds to regulate interest rates for the country. It is because the institutions borrow each other's fed money. We offer a rate of interest we term the cost of fed funds.When conducting a SWOT analysis, Martha would need to identify strategies that take advantage of the Coffee Collective's ________while avoiding __________.
a) strengths and opportunities; weaknesses and threats
b) strengths and weaknesses; opportunities and threats
c) opportunities; threats
d) strengths; weaknesses
e) weaknesses; threats
Answer:
Martha would need to identify strategies that take advantage of the Coffee Collective's strengths and opportunities while avoiding weaknesses and threats.
The answer is a.
Explanation:
A SWOT (strengths, weaknesses, opportunities and threats) analysis is a business study that takes into account all the factors that could affect the successful execution and profitability of a business project. That is what Martha would need to do in this case.
Which economic system leaves production decisions completely up to the producers? 1. mixed economy 2. command economy 3. planned economy 4. free-market economy
Answer:
4. free-market economy
Explanation:
Free-market economy -
A free market refers to the economic system which depends on the demand and supply , where the control of government is nil , is referred to as free - market economy.
It helps to provide all the voluntary exchange occurring in the economy.
The range of the free market economy of a particular country , is present in between very large or completely black market.
Hence, from the given statement of the question,
The correct term is free - market economy.
Answer:
free market economy
Explanation:
a free market system leaves production decision up to the producers.
A real estate contract or land contract is described as a method of financing often substituted for mortgage or trust deed financing. Consequently a land contract can be:1. the same as a mortgage
2. a security device
3. similar to a lease
4. a lease with an option to buy
Answer:
The correct answer is the option 2: a security device
Explanation:
To begin with, a land contract or also known as a real state contract is the type of contract that is usually used in substitution of a mortgage in order to buy a real estate where the seller provides the buyer financing in the purchase and the buyer repays the resulting loan in installments. Moreover, this type of contract allows the buyer to retail the legal title of the property while permiting the buyer to take possesion of the real estate. In addition, it represents a security device due to the fact that the seller do not lose his property until the full purchase price has been paid and in the other hand the buyer do not risk his entire money in case something happens to the real estate and also do not put in risk any other asset that he possesses in order to buy the new property.
_________ is selling below cost with the intention of punishing a competitor or gaining higher long-run profits by putting competitors out of business.
Answer:
Predatory pricing
Explanation:
Predatory pricing is a pricing strategy of selling below cost with the intention of punishing a competitor or gaining higher long-run profits by putting competitors out of business. It is in violation of anti trust laws . It also predisposes an industry to becoming a monopoly because if successful, the firm carrying out predatory pricing would chase away other firms in the industry. Predatory pricing can also lead to price wars.
I hope my answer helps you
Accounting professionals can perform various services that provide assurance about the and of information given by one party to another.True / False.
Answer:
It is true
Explanation:
Chartered Accountants most especially external auditors are trained to provide assurance services that will give credit and reliability to the financial information being presented to the users by the directors.
Their services include statutory audit and other related assurance services.
The report produced by a Chartered Accountant (e.g External Auditor) gives reasonable assurance to the shareholders of the company or any other external users.
Country A and Country B both recorded an increase in real GDP of 5 percent per year from 1980 to 2012. During this time, the population for Country A grew at 6 percent per year and the population for Country B grew at 4 percent. Which of the following is true during this period?
Answer:
D) per capita GDP decreased for country A only
Explanation:
Per capita GDP is calculated by dividing total GDP by the total population of the country. If the population of the country grows faster than its GDP, then its GDP per capita will decrease.
For example, country A's GDP is $100, and it has 20 citizens, so its GDP per capita for year 1 = $100 / 20 = $5. If the economy grew by 4% and the population grew by 5%, then the GDP per capita on year 2 will = $104 / 21 = $4.95.
Kelly Corp. barters with Ace Corporation for goods that are similar in nature and value. The value of the goods was $1,000. The cost of the goods was $400. If Kelly uses IFRS to prepare financial statements, what amount should Kelly recognize as income?a. $1,000
b. $0
c. $400
d. $600
Answer:
B. $0
Explanation:
The International Financial Reporting Standards (IFRS) specifically Internal Accounting Standards (IAS) 18 on revenue specifically states that where there is a barter transaction that is the exchange of goods or services, the transaction will not be recognized as one generating revenue when the goods or the services being exchanged are similar in nature. If it is not recognized as a revenue generating transaction then no revenue will be recognized as well
Since Kelly Corp barters goods with Ace Corporation established to be similar in nature , then according to IFRS Kelly cannot recognize any income on the transaction.
When companies are trying to meet the shareholders' and general public's demands to act more ethically and environmentally responsible, they are recognizing the importance of _____.
Answer:
corporate social responsibility (CSR)
Explanation:
Social Responsibility is the interaction between business and the social environment in which it exists.
the Stakeholder Perspective to CSR is
Social Responsibility : which Relates to the obligation of business to society.
Ethics : Ethical issues are most relevant at an individual level, for ethics are maintained by people.
there are three perspective to corporate social responsibility, which include:
1. Economic Perspective : The responsibility of business is to make a profit within the “rules of the game.” Organizations cannot be moral agents: Only individuals can serve as moral agents.
2. Public Responsibility : Businesses should act in a way that is consistent with society’s view of responsible behavior, as well as with established laws and policies.
3. Social Responsiveness : Business should proactively seek to contribute to and improve society in a positive way.
On January 8, Lowrence Co. issued a $60,000, 120-day discounted note to Raines Bank. The discount rate is 8%. Assuming a 360-day year, what is the amount of proceeds received?
a. $58,400
b. $55,200
c. $60,000
d. $61,600
Answer:
a. $58,400
Explanation:
A discounted note, will make the person receive a lesser amount than the amount due at maturity. This way the person who grants the note is receiving interest for borrowing.
Calculations
principal x discount rate x time = discount
Where rate and time should be expressed in the same metric IE if the rate is annual express time in portion of years if it is monthly, in months.
60,000 x 0.08 x 120/360 = 1,600
Now, we subtract this amount form the nominal:
nominal - discount = net
60,000 - 1,600 = 58,400
Answer:
On January 8, Lowrence Co. issued a $60,000, 120-day discounted note to Raines Bank. The discount rate is 8%. Assuming a 360-day year, what is the amount of proceeds received?
$55,200
Explanation:
the proceeds received is $55,200 at a discount of 8% of the money issued ($60,000)
Roco Company manufactures both industrial and consumer electronics. Due to a change in its strategic focus, the company decided to exit the consumer electronics business, and in 2016 sold the division to Sunny Corporation. The consumer electronics division qualifies as a component of the entity according to GAAP. How should Roco report the sale in its 2016 income statement?
Answer:
C. As a discontinued operation, reported below income from continuing operations
Explanation:
First, the multiple choices for the question
a. Include in income from continuing operations as a non-operating gain or loss.
b. As an extraordinary item.
c. As a discontinued operation, reported below income from continuing operations.
d. None of the above.
According to General Accepted Accounting Principles (GAAP), the sale of a division that is qualified as component should be reported specially. Furthermore, it also requires that the operations of the component already disposed of or sold should be reported below the revenue reported under continuing operations for the year as a discontinued operation.
Since Roco's consumer electronics business qualifies as a component of the entity then it should be reported as stated by GAAP; specially reported and below income from continuing operations
________ are products and services bought by final consumers for personal consumption. These include convenience products, shopping products, specialty products, and unsought products.a. Services b. Consumer products c. Line extensions d. Industrial products e. Straight extensions
Answer:
The answer is B :Consumer products
Explanation:
Consumer products are products that are produced for the direct consumption of consumers. These kind of products or goods are ultimately consumed by the consumer and are not used for production of further goods like producer goods.
Therefore, going by the what these goods entails in the question (convenience product, shopping product, specialty product etc.) it is clear that the answer to the question is Consumer products
A bank loaned out $19 comma 000, part of it at the rate of 6 % per year and the rest at 16 % per year. If the interest received in one year totaled $2500, how much was loaned at 6 % question mark How much of the $19 comma 000 did the bank loan out at 6 % question mark?
Answer:
$5,400
Explanation:
In this question we have to assume the things which are shown below:
Let X be the amount in which the rate is 6%
And the rest amount i.e ($19,000 - X) in which the rate is 16%
So, the equation would be
0.06X + ($19,000 - X) × 0.16 = $2,500
0.06X + $3,040 - 0.16X = $2,500
-0.10X = $2,500 - $3,040
-0.10X = -$540
X = $5,400
So the amount at which 6% rate is charged is $5,400
One of the first steps in corporation process is: drafting a prospectus. drafting bylaws. deciding in which state to incorporate. completing the articles of incorporation.
Answer:
Option "C" is the correct answer for the following statement.
Deciding in which state to incorporate .
Explanation:
There are plenty of advantages of forming a separate business organization or company to run your business, from anonymity to asset protection. Wherever you develop the business matters; certain states are far more accommodating to the sector than others.That when a business does a company within the same single state, it has to enter with the federal government, which implies paying taxes and stuffing out the necessary paperwork.therefore always decide about the state where we wants to starts corporation .
General‐purpose external financial reporting of a corporation focuses primarily on the needs of which of the following users?
A. The board of directors of the corporation.B. The management of the corporation.C. Investors and creditors and their advisors.D. Regulatory and taxing authorities.
Final answer:
General-purpose external financial reporting is primarily focused on the needs of investors and creditors, and their advisors, rather than the internal management or board of directors of the corporation.
Explanation:
General-purpose external financial reporting of a corporation is designed to meet the information needs of a variety of users. However, it focuses primarily on the needs of the investors and creditors, including their advisors, who may not have the authority to demand reports tailored for their use and must rely on the information that the company publishes. Hence, the correct answer for the primary users of general-purpose external financial reporting is C. Investors and creditors and their advisors.
The board of directors and management typically have access to internal financial reports, which they use for decision-making purposes. Auditing firms are hired to review the financial records and ensure the accuracy and reasonableness of the financial reports which then instill confidence amongst investors. As seen from the Lehman Brothers incident, when corporate governance fails, it can result in insufficient or misleading information being provided to these primary users, which can have catastrophic effects for the corporation and the broader economy.
Which of the following is the system privilege that empowers the grantee to create an index in his or her own user account but not in the accounts of others?
Answer:
A. Create Table
Explanation:
First, the multiple options for the question:
A. CREATE TABLE
B. CREATE ANY TABLE
C. CREATE INDEX
D. CREATE ANY INDEX
In database or spreadsheet programming management among others, the create table function not only allows one to create a table but also creates an index as a privilege. This done as a result of the fact that a create table function or statement could include either a unique constraint or a primary key.
The creation of this unique constraint or primary key will automatically led to an index being created to support the primary key or the unique constraint. The create table statement also only works within the grantee's own account and not in the account of others.
Giving customers more value for the money by satisfying their expectations on key quality features, performance, and/or service attributes while beating their price expectations is a____________
Answer: The correct answer is BEST-COST PROVIDER STRATEGY
Explanation: A best-cost provider strategy is a strategy to be a leader in the industry Andy be successful. It involves giving customers more value for their more by retaining quality but reducing the price.
A typical example of the best-cost provider strategy can be seen between Toyota and Mercedes Benz. With both having great and key quality features but Toyota beating price expectations.