The price of a good or service must ____.
A. be lower than what customers are willing to pay
B. be below any government price floor
C. cover the cost of producing and selling the product
D. not be below the manufacturer's suggested retail price (MSRP)
Answer:
c. cover the cost of producing and selling the product
a loss that is judged to be probable and for which the amount is reasonably estimable should be
Answer:recorded
Explanation:
The loss that its amount is reasonably estimable and judged to be probable should be recorded.
In accounting, the outcome of the preparation of the Income statement is to determine the profit or loss generated by the company in an accounting year.
Because an account is prepared annually, then, an loss that is more probable and can be estimated is expected to be recorded.
Therefore, the loss that its amount is reasonably estimable and judged to be probable should be recorded.
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housing prices boomed from 2002 to 2006, fueling the market for subprime mortgages and forming an asset-price bubble. housing prices began declining in 2006, falling by more than 30%, which led to defaults by subprime mortgage holders.
Answer:
A
Explanation:
I belive the answer is A due to like ballon loans or smth like that if its wrong lmk!
Bina Co. purchased a machine on January 1st for $15,000 and estimates it will use the machine for three years with a $3,000 salvage value. Bina estimates that they will produce 1,500 units during year one, 1,000 units during year two, and 1,250 units during year three. Using the units-of-production method, compute the machine's second year depreciation expense.
The machine's second year depreciation expense is $3,200.
Depreciation is a method that is used to expense the cost of an asset. The units-of-production depreciation method determines the depreciation expense based on the units of goods that the machine produces in a given year.
Unit of production depreciation expense = (unit of goods produced in year 2 / total units the machine can produce) x (cost of the asset - salvage value)
Total units the machine can produce = 1500 + 1250 + 1000 = 3750
(1000 / 3750) x ($15,000 - $3,000) = $3,200
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you hear about an economy with no change in the number of workers or capital. yet, production increases. what idea does this illustrate?
Answer:
It might be because of an increase in efficiency in the workforce or advances in technology. Hope it helps :)
Explanation:
jingle company signs a 6-month, $20,000 note. stated interest rate is 8% payable at the maturity date. interest incurred on the note is calculated as
The interest that Jingle Company will incur on the note is calculated as $800.
Interest Expense is incurred as payment for the use of the funds for a period of six months at 8% annual interest.
Data and Calculations:
Note Payable = $20,000
Stated interest rate = 8%
Payment period = 6 months
Interest incurred = $800 ($20,000 x 8% x 6/12)
Thus, since the maturity date of the note is in six months, the interest incurred by Jingle Company is $800.
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Information systems in general are helpful because they are used for making informed decisions using more accurate reports. However, there are social issues with such systems. Research and identify two issues that can affect a community.
Answer is:
I researched online and came across a few issues that can affect a community. Two of these are addressed below.
Elimination of Jobs: When a company uses computers for doing tasks, jobs get completed in lesser time. They are also more accurate and less prone to mistakes that humans make. Information can be processed and entered into multiple data tables simultaneously. Computers also generate reports and statements easily. Therefore, fewer people are needed to perform majority of the tasks and can lead to job elimination.
Security Concerns: As more data is available online, hackers can easily break into a system and access personal data. This information is likely to be misused. Therefore, systems should always be up-to-date security programs. A computer security expert should also be a part of the staff to prevent and eliminate any attacks on an organization's data.
Plato users.
Information systems have automated information management, making it quicker to process large amounts of information, but it can also create issues such as information security and IT competitiveness.
Information security is a problem arising from information systems that can configure fraudulent techniques to steal sensitive data from people and organizations and gain benefits, so it is essential to be prepared for the risks and support from specialized security companies.
The advancement of artificial intelligence can also correspond to a risk in the work environment, such as the competitiveness with IT of professionals who are not prepared to deal with digital innovations.
Therefore, it is necessary that organizations use IT to bring benefits in the speed of organizational processes, preparing themselves for risks and offering training and qualification to their employees to deal with digital systems.
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cost flow is in the order in which costs were incurred when using
Answers : last in, first out
Explanation:
On May 28, 2021, Mary purchased and placed in service a new $60,000 car. The car was used 60% for business, 20% for production of income, and 20% for personal use in 2021. In 2022, the usage changed to 40% for business, 30% for production of income, and 30% for personal use. Mary did not elect immediate expensing under § 179. She did not claim any available additional first-year depreciation. Compute Mary's cost recovery deduction for 2021 and 2022 and any cost recovery recapture for 2022.
Mary's cost recovery deduction for 2021 and 2022 include $8000 and $8400 while the cost recovery recapture for 2022 is $3200.
The MACRS cost recovery for 2021 will be calculated thus:
= $60000 × 20%
= $12000
Since the depreciation for luxury automobile is limited to $10000, the the cost recovery deduction for 2021 will be:
= $10000 × (60% + 20%)
= 80% × $10000.
= $8000
Mary's cost recovery deduction for 2022 will be;
= (40% + 39%) × $12000
= 70% × $12000
= $8400
The cost recovery recapture for 2022 will be calculated thus:
Cost recovery deduction = $8000
The straight-line depreciation will be:
= 10% × $60000 = $6000
The proportionate depreciation for business and production will be:
= (60% + 20%) × $6000
= 80% × $6000
= $4800
Therefore, the cost recovery recapture in 2022 will be:
= $8000 - $4800
= $3200
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Which of these is a reason a closed culture is
more thoughtful about change in the
organization?
A. Change takes much longer in large organizations.
B. Ideas for change are debated in large organizations.
C. Hierarchy makes change impossible in large organizations.
What is a C corporation?
Answer:(:
Explanation:
A C corporation, under United States federal income tax law, is any corporation that is taxed separately from its owners.
If you get into a car accident, your _______________ may increase because you will be considered riskier for insurance companies to cover.
In her report about electric cars, Lavonda wants to use information to substantiate her theory that they are helping the environment. What would be the BEST source to cite?
- Exxon gas press release
- Elon Musk’s annual report
✅EPA air quality statistics
- Lavonda’s cousin who owns an electric car
Drag the tiles to the correct boxes to complete the pairs.
Project manager Derek has identified some challenges in IS Implementation. Match the challenge with the result of each challenge.
end user resistance
project completion constraints
quality issues
lack of documentation
decreases efficiency in organizations
causes difficulty in implementing is
leads to rework at the implementation stage
Increases project scope and leads to delays in projects
dmentum. All rights reserved.
The challenge matched with its results are given as follows:
end user resistance - decreases efficiency in organizationsproject completion constraints - leads to rework at the implementation stagequality issues - causes difficulty in implementing ISlack of documentation - increases project scope and leads to delays in projects.What is end-user resistance?End-user resistance is a multifaceted phenomenon. It can take many forms, including sabotage of computer equipment, staff absences or tardiness, "badmouthing" of systems, not using the systems, or continuing to use the old system.
In other words, user resistance is described as an individual's behavioral behaviors expressing aversion to a circumstance seen as unfavorable, threatening, or stressful. A tiered model of information technology implementation resistance.
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PLEASE HELP MEE 50 Pts
Question: What are the local, state, and federal taxes for a healthcare business?
Answer:
?????.. ?????????????
should my husband and i get our retirement accounts at the same place to make things easier when one dies
Answer:
yes if you trust him
Explanation:
Consider the following information: Budgeted indirect cost $2,000 Budgeted production units 800 Budgeted direct manufacturing labor hours 500 Budgeted customer orders 400 Actual number of setups 1,000 Using broad averaging, what is the budgeted indirect-cost rate per direct manufacturing labor-hour
The budgeted indirect cost rate is $4.00 per direct manufacturing labor-hour.
Data and Calculations:
Budgeted indirect cost for the period = $2,000
Budgeted production units for the period = 800 units
Budgeted direct manufacturing labor hours = 500 hours
Budgeted customer orders for the period = 400 orders
Actual number of setups = 1,000 setups
Therefore, the budgeted indirect cost rate per direct manufacturing labor-hour = Budgeted indirect cost divided by the budgeted direct manufacturing labor hours.
= $4 ($2,000/500)
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During your second year of internship, a client reveals that he is thinking of proposing. You have worked with this client for a year and agree he is ready. However, which of the following would be a good suggestion?
starting family counseling
starting premarital counseling
starting to stop counseling
starting individual counseling
As a therapist undergoing internship, when a client is about to propose, then, a premarital counseling should be started.
Premarital counseling is a counseling organized for intending couples. The intending couples undergo counseling session in order to be aware of what awaits them in marriage.It also helps intending couples know the kind of topics to discuss during their courtship ranging from financing the home, method of resolving conflicts, number of children and so many other important topics.Therefore, as a therapist, you should suggest premarital counseling for such client having it in mind to propose.
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i need help with this please
Answer:
thanks for asking for help
Advantages and Disadvantages of a public limited company (preferably 3 of each)
Answer:
advantages
it has a legal existance,it can sue or be sued in court of law
it has a big capital base because it has no limits in number of members
members have a limited liability
disadvantages
it is at times too big to be managed effectively
the financial progress of the company is not secretive since books of accounts are published to the public
the company faces disadvantages of economies of scale
Explanation:
hope it helps
PLZ MARK BRAINLIEST
what do you mean by Producer's Equilibrium ?????
Answer:
it is refered to as profit maximization condition
Answer:
it is refered to as profit maximization condition
It's ne Lilly unnie
Ned Douglas owns Ned’s Blankets. Ned asks you to explain how he should treat the following reconciling items when reconciling the company’s bank account.Outstanding checks.select an explanationDeduct from balance per bank2.A deposit in transit.select an explanationAdd to balance per bank3.The bank charged to our account a check written by another company.select an explanationAdd to balance per bank4.A debit memorandum for a bank service charge.
In accounting, the purpose of reconciliation is to compare two sets of records for correction and make sure they are in agreement.
Here, Ned have some items which needed to be reconciled with the company’s bank account.
For "the Outstanding checks", he should deduct the amount from balance per bank For "a deposit in transit", he should add to balance per bankFor "the bank charged to our account a check written by another company", he should add to balance per bank and notify the bank of its error. For "a debit memorandum for bank service charge", he should deduct from balance per books.Learn more about this here
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John worked 40 hours this week. His rate of pay is $12.50 per hour. What is his gross pay? $425 $500 $475 $505
Answer: $500
Explanation: 12.50 * 40 = 500
Answer:
His pay would be $500 because you have to multiply the 40 hours and the $12.50 you see how much money the got so he would get $500
You have allocated $8,000 for employee training. You have 20 employees and each course costs $200. How many training courses can you afford per employee?
Answer:
B) 2
Explanation:
$8,000 divided by 20 is 400, $400 divided by $200 is 2 courses per employee.
The number of training courses you can afford per employee is 2.
How many training courses can you afford?The mathematical operation that would be used to solve this question is division. Division is the process of grouping a number into equal parts using another number. The sign that represents division is ÷
The first step is to divide the amount allocated for employee training by the number of employees.
= $8,000 / 20 = $400
The next step is to divide $400 by the cost of each course
$400 / $200 = 2
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You have opened a for-profit adult technical school and you want to advertise it to potential students throughout your state.
Which marketing method would be most appropriate?
Question 2 options:
Local Television Ad
Social Media
Email
Distribute Flyers
Answer: Local Television Ad
Explanation: I took the test
The correct option is B. Local Television Ad marketing method would be most appropriate for advertising it to potential students throughout your state.
Why is television the most effective media?Thanks to several mechanisms ensuring the quality of the commercials shown on TV, as opposed to those shown on the Internet or apps, which are not always reviewed, the contents, the messages, and the sponsors that appear there are "safe." TV is the safest media since it reaches a large and varied audience.
As a result of the TV. It continues to be the most successful medium for brand recognition. TV advertising helps establish, develop, and expand brands. Unlike a sponsored post or search result, TV advertising helps firms become well-known and keeps them fresh in your mind for a much longer period of time.
Thus, The best choice is B. The best marketing strategy would be to use local television ads to reach prospective students all around your state.
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3. What is journalising? State the rules of journalising based on the types of account with examples.
Answer:
One amount in the debit column must be equal to two or more amounts in the credit column or one amount in the credit column equals to two or more amounts in the debit column or under compound entry, a few debits will be equal to a few credits. The rule for journalising is the same as that of simple journal.
Explanation:
Journalizing is the process of recording a business transaction in the accounting records. ... Examine each business transaction to determine the nature of the transaction. For example, the receipt of a supplier invoice means that an obligation has been incurred.
I hope you all like this answer.
Mark as a brainlist.
rate my answer guys.
Thank you ❤️.
Explanation:
journalism is the practice of documenting a business translation account records
the rules of journalists are:-
1. debit purchase account and credit sales account.
2. debit expenses account and credit cash/bank account.
journatising example are:-
1. real account
2. personal account
3. nominal account
hope it helps you
thank you
when a contingent event that may give rise to a future loss is likely to occur, it is said to be
When a contingent event that may give rise to a future loss is likely to occur, it is said to be contingent liability.
A contingent liability is a possible loss that could arise due to an event in the future. Such losses are regarded as probable losses or could also be said to be reasonably possible losses
Examples of contingent liability that has the probability of happening in the future is a lawsuit or the warranties from a product.
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how much profit does a store owner make on a bar of chocolate?
Answer:
Explanation:
The large volume companies have a lower profit margin of around 8 to 10%, while boutique chocolatiers can enjoy margins between 55 to 75%. Your total profit for a year will depend entirely on the volume and type of product you produce and sell.
What is market information?
Answer:
Market Information means an electronic document (also available in paper form upon request) located on the Trading Platform which sets out the commercial details for each Market, including but not limited to: Margin Factors, the minimum and maximum Quantity and Our Spread.
Explanation:
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Answer:
The results of marketing research that are used to plan for future marketing or product development activities. The information may come from a single source or through a system of collection.
Explanation:
on edge 2022
Consider a simple economy that produces only pies. The following table contains information on the economy's money supply, velocity of money, price level, and output. For example, in 2019, the money supply was $360, the price of a pie was $9.00, and the economy produced 800 pies.
The velocity of money in 2019 based on the information will be 20 and the nominal GDP is $7200.
From the complete information, the velocity will be calculated thus:
= Price level × Quantity / Quantity of money
= (9 × 800) / 360.
= 20
The nominal GDP will be:
= Price level × Quantity
= 9 × $800
= $7200
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