Completely controlling a business and keeping all the profits are advantages of a Sole Proprietorship; raising capital by selling shares and limited liability are advantages of a corporation.
What differentiates a Sole Proprietorship from a Corporation?A sole proprietorship can be differentiated from a corporation based on a separate existence.
While a corporation has a separate legal existence, a sole proprietorship is not a legal entity different from the owner.
Thus, completely controlling a business and keeping all the profits are advantages of a Sole Proprietorship; raising capital by selling shares and limited liability are advantages of a corporation.
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Sandra owns a small manufacturing business. At the end of a given accounting period, she hired the services of a tax accountant. How will the
tax accountant help Sandra's business?
A by increasing the business's tax refunds
B by helping decrease the business's Income tax liability
C by helping devise new tax policies for the business
D by helping the business avold all types of taxes
PLEASE HELP SOON WILL GIVE BRAINLIEST
How does a consumer complaint benefit the manufacturer?
A. The complaint notifies the manufacturer of a possible issue.
B. The complaint is registered with the government.
C. The complaint tells the manufacturer they did something wrong.
D. The complaint leads to an investigation.
Answer:
A. The complaint notifies the manufacturer of a possible issue.
Explanation:
this lets the manufacturer become aware of any issues- this benefits them
A consumer complaint benefit the manufacturer by Option(A) The complaint notifies the manufacturer of a possible issue.
What is a consumer and a manufacturer ?A consumer is a person or a group who intends to order uses purchased goods, products primarily for personal, social household and similar needs, not directly related to any of business activities.
A manufacturer is a person or company that produces finished goods from raw materials by using various tools, equipment, and processes, and then sells the goods to consumers distributors, retailers, or to other manufacturers for the production and make their profit out of it.
How does a consumer complaint benefit the manufacturer ?A consumer make any complaint to the manufacturer if after taking the product or using it , the consumer founds any flaws or mistakes in it which might not be notified by the manufacturer.
Therefore, a consumer complaint benefit the manufacturer by Option(A) The complaint notifies the manufacturer of a possible issue.
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Pinnacle purchased $139,700 of fixed assets that are classified as five-year macrs property. the macrs rates are .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. what will the accumulated depreciation be at the end of year 4 if the tax rate is 21 percent and no bonus depreciation is taken
The depreciation to be charged on fixed asset purchased by Pinnacle over five years will be $115559.84.
What is depreciation?The reduction in value of an asset due to wear and tear during normal usage over passage of time is known as depreciation. For the given case, depreciation is to be calculated as,
[tex]\rm Depreciation= Actual\ Value\ x\ (Rates\ of\ Depreciation\ for\ Four \ years)\\\\\rm Depreciation= 139700\ x\ (0.2+0.32+0.192+0.1152)\\\\\rm Depreciation= \$115559.84[/tex]
Hence, the rate of depreciation to be accumulated by Pinnacle over such fixed asset is aforementioned.
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A capital investment project has the following expected incremental values next year: Revenue $1,000,000 Operating costs 200,000 Depreciation 300,000 If the income tax rate is 25%, the incremental after-tax operating cash flow is:
Based on the calculation below, incremental after-tax operating cash flow is $675,000
How to calculate incremental after-tax operating cash flowThis can be calculated as follows:
Profit before interest and tax = Revenue - Operating costs – Depreciation = $1,000,000 - $200,000 - $300,000 = $500,000
Operating income = Profit before tax – (Profit before tax * Tax rate) = $500,000 – ($500,000 * 25%) = $375,000
Therefore, we have:
Incremental after-tax operating cash flow = Operating income + Depreciation = $375,000 + $300,000 = $675,000
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3. State the underlying condition that a firm applies while hiring workers.
Answer:
Minimum wage
Explanation:
Minimum wage can affect the number of workers and wage paid to those workers, dependant on if it is a monopsony or PC firm hiring, the number of workers hired and wage paid will differ.
Sales revenue $440,000 Advertising expense 60,000 Interest expense 10,000 Salaries expense 55,000 Utilities expense 25,000 Income tax expense 45,000 Cost of goods sold 180,000 What is the gross profit
Answer:
$65,000
Explanation:
The gross profit formula is: Gross Profit = Revenue – Cost of Goods Sold.
so we would say, 440000 - ( 60000 + 10000 + 55000 + 25000 + 45000 + 180000 ) = $ 65000
When purchase costs regularly rise, the inventory costing method that yields the highest reported net income is: Multiple Choice Specific identification method. Average cost method. Weighted-average method. FIFO method. LIFO method.
The FIFO method of inventory is used whenenever the purchase costs regularly rise and result to an inventory costing method that yields the highest reported net income.
What is a FIFO method?It is an acronyms of First In, First Out.
In accounting, this is a valuation method where assets produced or acquired first are sold, used or disposed of first.
Therefore, the Option D is correct.
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Why are institutionally provisioned technology systems (in other words, systems provided through a university, hospital, or clinic) generally more secure than consumer products
Institutionally delivered technology solutions are more secure than consumer ones because they are focused on healthcare recommendations and improvement.
What is a technology that an institution has provided?It's vital to keep in mind that institutionally provided technology only applies to systems provided by a university, hospital, or clinic.
Institutionally delivered technology solutions are more secure than consumer offerings since they focus on therapeutic recommendations and improvement.
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explain the relationship between occupation and education with example
Answer:
People who do not qualify for a particular job are given education through training in order to gain the needed knowledge for that particular job. As students, we go to school in order to be educated for future jobs. Good education on a job gives a better understanding and this brings out an excellent delivery of work.
Explanation:
More consistent and extended education leads to more job opportunities, increased income, and the ability to change one's economic status. Education has not only a connection to sanitation and hygiene elements in informal settlements but also to general career development.
A market exists when: a physical location is created to facilitate the exchange of personal information about consumer choices. the cost of production is equated to the price by a government agency. people exchange money for goods and services. an absolute advantage is achieved by one country.
Explanation:
A clear example of a nation with an absolute advantage is Saudi Arabia, The ease with which it can reach its oil supplies, which greatly reduces the cost of extraction, is its absolute advantage over other nations.
globalization essay outline
Answer:
is this even a question ????
Explanation:
Chance is a traveling marketing representative for a publishing company. He is an independent contractor and was hired without negligence. One afternoon while driving to a meeting, Chance negligently runs a stop sign and causes an accident. Judy is injured. Judy can
Incase of the accident, Judith as an independent contractor hold Chance but not the company liable.
Who is an independent contractor?independent contractor can be regarded as an expert that works independently on a project without belonging to the host organization.
Therefore, since she got accident, she can't hold the company responsible wholely.
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how much tax is deducted from a paycheck in indiana
Answer:
Indiana has a flat tax rate, meaning you're taxed at the same 3.23% rate regardless of your income level or filing status. All 92 counties in the Hoosier State also charge local taxes
Explanation:
Eckert Company is involved in producing and selling high-end golf equipment. The company has recently been involved in developing various types of laser guns to measure yardages on the golf course. One small laser gun, called LittleLaser, appears to have a very large potential market. Because of competition, Eckert does not believe that it can charge more than $88 for LittleLaser. At this price, Eckert believes it can sell 112,000 of these laser guns. Eckert will require an investment of $13,176,471 to manufacture, and the company wants an ROI of 17%. Determine the target cost for one LittleLase.
The target cost for one LittleLase is $68.
How to calculate the cost?In the information given, the investment is given as $13176471. The value of the profit will be:
= 0.17 × 13176471
= 2240000
The profit per gun will be:
= 2240000/112000
= 20.
Therefore, the target cost will be:
= 88 - 20.
= 68
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Assuming that the federal reserve banks sell $40 million in government securities to commercial banks and the reserve ratio is 20 percent, then the effect will be to reduce: group of answer choices
The reserve requirement when the federal reserve banks sell $40 million in government securities to commercial banks is $8 million.
How to calculate the reserve requirement?From the information given, the the federal reserve banks sell $40 million in government securities to commercial banks and the reserve ratio is 20 percent.
Therefore, the reserve requirement will be:
= 20% × $40 million
= $8 million.
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If you focus on the present now, instead of focusing on your future concerns, you will be able to __________. a. gain more enjoyment from your leisure time b. avoid doing more work than necessary c. create a feeling of control in your life d. all of the above please select the best answer from the choices provided a b c d
If you focus on the present instead of the future, you will be able to gain more enjoyment from your leisure time, hence option A is correct.
What is meant by the term Leisure?Leisure can be defined as a time set apart from relaxation, or a time to relax from work or any mentally or physically draining activity.
It should be noted that when one is distracted by the future or the past, one is bound not to get the most out of their leisure time.
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To effectively run her company, machi applies the ________, a management style the views her firm as an interdependent collection of departments, and as a single institution that interacts with suppliers, distributors, competitors, and customers.
To effectively run her company, machi applies the Systems viewpoint, a management style.
What is Systems viewpoint management style?Systems viewpoint can be defined as a management style that enables an employee to see the firm as an interdependent collection or parts that help to effectively communicate or interact with distributors, suppliers etc.
Therefore to effectively run her company, machi applies the Systems viewpoint, a management style.
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Determining correct exposure times when different cone (BID) lengths are utilized and minimizing operator exposure is determined by the
In order to determine correct exposure times when different cone (BID) lengths are utilized while minimizing operator exposure, you should use inverse square law.
What is inverse square law?Inverse square law can be defined as a scientific law which states that the intensity of a physical quantity such as gravitational force or illumination, is inversely proportional to the square of the distance from the source.
In this context, we can logically infer and logically conclude that to determine the correct exposure times when different cone (BID) lengths are utilized while minimizing operator exposure, an inverse square law should be applied.
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1. Explain/Discuss the 4 stages of the business/economic cycle. For each cycle, discuss in detail items such as GDP, Interest Rates, Employment, Consumer Spending, Inflation etc. Identify the stage we are in now as a country. Explain the actions the Federal Reserve is taking to deal with the economy. Be as detailed and thorough as possible.
We consider business cycles to be a continuous process, with recessions, troughs, recoveries, expansions, peaks, and downturns repeating themselves. Any business cycle may be divided into four phases:
Peak: the economy is at or near full employment; production, employment, and income have reached a transitory peak.
Recession (R): a drop in output, employment, and income. Many areas of the economy are seeing a downturn in commercial activity. Unemployment is on the rise. Recessions can last anywhere from six to twelve months. Monthly variations in output are higher during recessions than during expansions. In other words, during a recession, output decreases are far more pronounced.
Trough: At its lowest point, output, revenue, and employment "bottom out." The trough period might endure for a short time or for a long time.
Expansion (E): A phase of recuperation. Once again, output, income, and employment are on the rise. As the economy approaches full employment, we may expect price increases (inflation). Expansions, on average, last three to four times longer than contractions.
There have been ten recessions since 1950. In terms of time, the least severe was in 1980. (6 months). 2007-09 was the most severe (18 months).
During a business cycle, what happens? To begin with, many economic variables are linked.
The economy and unemployment are moving in different directions (the labor market is a lagging indicator, responding slowly to a change in GDP, as we saw in chapter 7 of the assigned textbook). Consumption growth tracks GDP, although it isn't very variable. The amount of money spent on investments is highly erratic. During business cycles, wages do not fluctuate considerably. Inflation follows the rise of output.
Sectors of the economy and the businesses that make up those sectors tend to move in lockstep. When one area does well, it is probable that others will as well. The same may be said for businesses in these fields. Construction and manufacturing, on the other hand, are more volatile during a business cycle. We can see that if one area of the economy is performing well, others will as well. As a result, if manufacturing is doing well, demand for construction and services will rise.
States, too, are subjected to the same business cycle. Nations, too, tend to go through business cycles at the same time. Every business cycle is unique. The lengths and extents of expansions and contractions alter throughout time. Towards the end of a project:
Interest rates are risingWages are rising faster than pricesThis results in falling profitsDebts of households and firms have risenLots of borrowing has occurred to finance spending during the expansion time periodRecessions typically come from declines in investment spending by firms.
Firms cut back on capital stock expansionHouseholds cut back on spending for consumer durablesSales fallProduction declinesUnemployment rises, workers are let go, and this reduces income, which reduce s spending still further.Firms that produce capital goods and consumer durable products suffer the most during a recession. Firms can postpone capital goods acquisitions when the economy deteriorates. Increases in capital goods stock are not warranted by the company forecast. Businesses repair obsolete equipment that has outlived its usefulness. Consumer durable goods purchases are being postponed by consumers (autos, major appliances, personal computers, etc.). Budgets are being slashed, and consumer durable goods purchases are being postponed. Service businesses and non-durable products producers are frequently spared the brunt of the damage. It is tough for people to cut back on necessary medical and legal services. Purchases of food and clothing are more difficult to postpone.
Spending by families and businesses begins to grow as the recession persists and appears to be ending. Debt is decreasing. New borrowing takes place, resulting in a rise in spending. And thus a new chapter of growth starts.
Generally, the most important category on the statement of cash flows is cash flows from:.
Answer:
The operating activities section of the statement of cash flows is generally regarded as the most important section since it provides cash flow information related to the daily operations of the business.
When explaining technical information to a non-
technical audience, it is best to
avoid the use of technical terms in your
explanations.
O get the audience's attention with a messy-
looking hair style.
O use technical terms in your explanations.
DONE
Answer:
Avoid the use of technical term
Explanation:
Avoid the use of technical term in your explanation
On April 1, 20X1, Nelsen Inc. accepts a $100,000, 8% note. The note receivable and interest are due on March 31, 20X2 (one year later). On December 31, 20X1, Nelsen will accrue interest revenue of:
Based on the amount received as a notes receivable, and the month the interest revenue is recorded, the amount accrued would be $2,000.
What interest revenue will be accured?From December 20X1 to March 20X2 will be 3 months.
The interest revenue will therefore be:
= Amount of note receivable x Interest rate x Number of months till interest is due
= 100,000 x 8% x 3/12 months
= $2,000
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the ability to withdraw money at any time without penalty
Angel and Alessia calculate their assets to be valued at $150,000. They calculate their liabilities to be $125,000. What is their net worth?
Answer:25,000
Explanation:
True or False: Interests are what you like to do, such as a hobby, or something you would like to learn about.
Answer:
True
Explanation:
There is no explanation
When asked a difficult question during an interview, _____.
change the subject
put a positive spin on the honest answer
make up a positive story
ignore the question
Answer: The answer is B.
Put a positive spin on the honest answer.
Working proactively to ensure that your physical place of business is (1) free of potential hazards and (2) ________ will prevent on-premises injuries and violations of EEOC or OSHA rules.
Companies working Proactively just to ensure that the physical place of business is free 1. free of potential hazards and 2. secure from intruders will prevent on-premises injuries and violations of EEOC or OSHA rules.
What do you know about OSHA rules?The Occupational Safety and Health Administration is a huge regulatory employer of the USA Department of Labor that in the beginning had federal visitorial powers to check out and study workplaces.
Thus, the correct fill-in-the-blank here will be secure from intruders.
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All 2023 leaf s and leaf sv plus ac synchronous drive motor produce ____% torque at 0 mph for impressive off-the-line acceleration and smooth cruising.
All 2021plus ac synchronous drive motors produce 100% torque at 0 mph for impressive off-the-line acceleration and smooth cruising.
What is motor torque?The motor torque refers to the rotation force developed by the crankshaft in a car motor.
The motor torque is a physic unit is associated with the capacity of a car to move in a given acceleration situation.
In conclusion, all 2021plus ac synchronous drive motors produce 100% torque at 0 mph for impressive off-the-line acceleration and smooth cruising.
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You run a website called Offhand that sells exclusive handmade home decor items. On Mother's Day, the website unexpectedly receives a burst of traffic following the marketing campaign designed for this occasion. Thankfully, you are equipped with a good cloud service model and hence you are able to increase the cloud resources the website needs without disrupting your web services. Which of the following cloud characteristics helped you manage the situation easily?
a) Resource pooling
b) Broad network access
c) Measured service
d) Rapid elasticity
Rapid elasticity is a characteristics of cloud that would help you to manage the situation at hand effectively.
What is rapid elasticity?This is an aspect of cloud computing that is known for the usefulness that it has in the provision of what is called scalable services.
It is known to be one of the fundamental aspects of this type of computing.
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Troy Engines, Limited, manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An outside supplier has offered to sell one type of carburetor to Troy Engines, Limited, for a cost of $35 per unit. To evaluate this offer, Troy Engines, Limited, has gathered the following information relating to its own cost of producing the carburetor internally: Per Unit 16,000 Units per Year Direct materials $ 16 $ 256,000 Direct labor 12 192,000 Variable manufacturing overhead 3 48,000 Fixed manufacturing overhead, traceable 3* 48,000 Fixed manufacturing overhead, allocated 6 96,000 Total cost $ 40 $ 640,000 *One-third supervisory salaries; two-thirds depreciation of special equipment (no resale value).Required:
1. Assuming the company has no alternative use for the facilities that are now being used to produce the carburetors, what would be the financial advantage (disadvantage) of buying 20,000 carburetors from the outside supplier?
2. Should the outside supplier’s offer be accepted?
3. Suppose that if the carburetors were purchased, Troy Engines, Ltd., could use the freed capacity to launch a new product. The segment margin of the new product would be $200,000 per year. Given this new assumption, what would be financial advantage (disadvantage) of buying 20,000 carburetors from the outside supplier?
4. Given the new assumption in requirement 3, should the outside supplier’s offer be accepted?
Based on the various costs involved in making the carburetors, the financial advantage(disadvantage) of buying outside is -$60,000. The offer should be rejected.
What is the cost of making the carburetors?This can be found as:
= Direct materials + Direct labor + Variable Overhead + Fixed overhead (supervisory salaries)
= 16 + 12 + 3 + 3/3
= $32 per unit
Financial advantage (disadvantage):
= (32 - 35) x 20,000
= -$60,000
If Troy Engines, Limited were to buy from the outside supplier, they would incur a financial disadvantage of -$60,000 so they should NOT buy from the outside supplier.
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