A quorum is a minimum number of directors, or a , must be present at each meeting of the board of directors for decisions made at the meeting to be valid.
What is board of directors?A board of directors is an executive body that jointly oversees an organization's operations. This organization can be for-profit or nonprofit, such as a company, nonprofit, or government agency.
The board is in charge of overseeing the business or organization, setting management policies, defending the interests of shareholders, and coming to judgments on crucial matters.
To learn more about board of directors
https://brainly.com/question/14898210
#SPJ1
All Japanese beer makers continuing on a predictable straight path producing pilsner-like traditional beer is indicative of what kind of strategy
Answer: emergent strategies
Explanation:
All Japanese beer makers continuing on a predictable straight path producing pilsner-like traditional beer is indicative of the emergent strategies.
It should be noted that emergent strategies are the set of behavior and actions, that are consistent with time, which was not part of the initial planning of the strategy that an organization wants to use.
Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
https://brainly.com/question/24561653
#SPJ8
Say, 3 customers enter a store. On the basis of past experience, the store manager estimates the probability that any one customer will make a purchase is 0.30. What is the probability that two of the next three customers will make a purchase?
The probability that two of the next three customers will make a purchaseis mathematically given as
P(1) =0.441
What is the probability that two of the next three customers will make a purchase?Generally, the equation for Probablity is mathematically given as
A)
P(1) = 3 C 1 (0.3)^1 (0.7)^2
P(1) =0.441
B)
n=1000
E (x) =np = 1000x0.3
E (x) =3.00
C)
Variance= mpq
Variance= 300 x0.7
Variance= 210
In conclusion,
P(1) =0.441
E (x) =3.00
Variance= 210
Read more about probability
https://brainly.com/question/14210034
#SPJ1
The company's mission statement tells us...
Answer:
A company mission statement defines what an organization is, why it exists, its reason for being. At a minimum, your mission statement should define who your primary customers are, identify the products and services you produce, and describe the geographical location in which you operate.
Explanation:
Hope this helps
Marketing Fundamentals: Mastery Test
Drag the tiles to the correct boxes to complete the pairs.
Match the type of utility to the scenarios they depict?
time utility
place utility
form utility
possession utility knowledge utility
A fire extinguisher manufacturing company holding a demonstration explaining the new
features of a revolutionary new extinguisher.
a local store selling Christmas trees a month before Christmas
buying an apartment in a coveted location and receiving the home ownership
document after the purchase
an online shopping website offering delivery of purchased goods to a remote location
for the convenience of customers
a perfume manufacturing company producing jasmine-scented perfume from jasmine
flower extracts
1000
time efficiency: Purchasing an apartment in a sought-after neighborhood and receiving the house ownership certificate soon after the purchase Utility, a manufacturer of perfumes, produces jasmine-scented fragrance using jasmine flower extracts.
What is meant by market fundamental?The discounted present value of the future stream of associated cash flows is the market fundamental (or fundamental value) of the asset. The value of an asset depends favorably on anticipated future cash flows and adversely on the discount rate used to calculate the present value when asset values are decided by market fundamentals.
Although certain estimates of the market's fundamentals fluctuate along with market prices, they often show less volatility. This data, particularly when it comes to the stock market, demonstrates that asset prices diverge from their underlying values.
Learn more about market fundamental, from :
brainly.com/question/29436097
#SPJ9
Construct a Circular-Flow Diagram
Construct a circular-flow diagram that incorporates the effects of the issue of affordable housing on economic products and various sectors of the economy.
How does this issue affect local residents?
How does this issue affect area businesses?
How does this issue affect our government at the local, state, and national levels?
How does this issue affect international trade?
How does the issue affect resources, goods and services, and finances
Answer:
A circular-flow diagram showing the effects of the issue of affordable housing on economic products and various sectors of the economy is shown below:
Local Residents --> Government (Local, State, National) --> Businesses --> Resources, Goods & Services --> Finances --> International Trade --> Local Residents
This issue affects local residents by providing them with access to affordable housing, which can improve their quality of life. It can also affect their ability to save money.
This issue affects area businesses by providing them with a larger pool of potential customers who may be able to purchase their goods and services. It can also attract businesses to the area, providing more job opportunities for local residents.
This issue affects our government at the local, state, and national levels by providing additional funding for affordable housing initiatives. These initiatives can also help to reduce homelessness and improve the overall quality of life in the community.
This issue affects international trade by providing a larger pool of potential customers for foreign businesses. These customers may be able to purchase goods and services from abroad, increasing the value of international trade.
The issue affects resources, goods and services, and finances by providing access to affordable housing, which can help to reduce poverty levels and increase the overall economic activity in the area. This can also lead to increased investment in resources, goods and services, and finances.
The job of president of the United States falls under the Foreign Service pathway of the Government and Public Administration cluster.
True, The President of the United States has a position that comes within the Government and Public Administration cluster's Foreign Service track.
What does a US Foreign Service agent do?Foreign Service Officers are crucial connections with other governments, interact with foreign populations, inform and influence U.S. foreign policy, and advance American interests abroad. They also work on issues pertaining to the safety and security of American citizens wherever they may be.
What sets the State Department's civil service and foreign service apart?Employees of the Foreign Service represent America abroad while those of the Civil Service assist the mission from Washington, D.C. or other locations around the country. Foreign Service workers both live and work abroad.
Learn more about Foreign Service Officers: https://brainly.com/question/7447758
#SPJ1
Discriminatory impulses in the labor market can emerge at a number of levels:
A. among managers.
B. among workers.
C. among customers.
D. all of the above.
Week 2 Forum
Week 2 topic - Debits vs. Credits and what happens to an account when entries are changed.
Hide Full Description
This is the discussion forum topic for Week 2:
Roy Akins was the accounting manager at Zelco, a tire manufacturer, and he played golf with Hugh
Stallings, the CEO, who was something of a celebrity in the community. The CEO stood to earn a
substantial bonus if Zelco increased net income by year-end. Roy was eager to get into Hugh's elite social
circle; he boasted to Hugh that he knew some accounting tricks that could increase company income by
simply revising a few journal entries for rental payments on storage units. At the end of the year, Roy
changed the debits from "rent expense" to "prepaid rent" on several entries. Later, Hugh got his bonus,
and the deviations were never discovered.
Requirements
How did the change in the journal entries affect the net income of the company at year-end?
Who gained and who lost as a result of these actions?
You could struggle as a business owner to know when to use a debit and when to utilize a debits and credits in accounting. Even so, you could be unsure of their relevance.
You can check that you're following the accounting equation by using debits and credits. The accounting equation is:
Assets = Liabilities + Equity
Any transaction that is recorded includes at least two accounts in double-entry accounting, with one account being debits and credits and the other being credited. To keep your accounts in balance, your debits and credits must always equal one another. Debits are always entered on the left side of the entry, while credits are always entered on the right.
Debits and credits are the foundation of precise accounting for a business, whether you're operating a sole proprietorship or a publicly traded enterprise. In contrast to credits, debits result in a gain in asset or expense accounts and a drop in liability accounts. Recording these transactions can get more difficult as your business expands, but it's important to get it right to keep your books balanced and monitor your organization's progress.
The double-entry accounting method is utilized by the majority of organizations, including small firms and sole proprietorships. This is because tracking debits and credits every business transaction in at least two accounts enables a more dynamic financial picture.
Learn more about debits and credits here
https://brainly.com/question/14747768
#SPJ9
. What do you understand by term “advertising”. What would happen if ethical advertisement is not followed by businesses? Explain in detail
Answer:
Ethics means a set of moral principles which govern a person’s behavior or how the activity is conducted. And advertising means a mode of communication between a seller and a buyer.
Thus ethics in advertising means a set of well defined principles which govern the ways of communication taking place between the seller and the buyer. Ethics is the most important feature of the advertising industry. Though there are many benefits of advertising but then there are some points which don’t match the ethical norms of advertising.
An ethical ad is the one which doesn’t lie, doesn’t make fake or false claims and is in the limit of decency.
Nowadays, ads are more exaggerated and a lot of puffing is used. It seems like the advertisers lack knowledge of ethical norms and principles. They just don’t understand and are unable to decide what is correct and what is wrong.
The main area of interest for advertisers is to increase their sales, gain more and more customers, and increase the demand for the product by presenting a well decorated, puffed and colorful ad. They claim that their product is the best, having unique qualities than the competitors, more cost effective, and more beneficial. But most of these ads are found to be false, misleading customers and unethical. The best example of these types of ads is the one which shows evening snacks for the kids, they use coloring and gluing to make the product look glossy and attractive to the consumers who are watching the ads on television and convince them to buy the product without giving a second thought.
Ethics in Advertising is directly related to the purpose of advertising and the nature of advertising. Sometimes exaggerating the ad becomes necessary to prove the benefit of the product. For e.g. a sanitary napkin ad which shows that when the napkin was dropped in a river by some girls, the napkin soaked whole water of the river. Thus, the purpose of advertising was only to inform women about the product quality. Obviously, every woman knows that this cannot practically happen but the ad was accepted. This doesn’t show that the ad was unethical.
Ethics also depends on what we believe. If the advertisers make the ads on the belief that the customers will understand, persuade them to think, and then act on their ads, then this will lead to positive results and the ad may not be called unethical. But at the same time, if advertisers believe that they can fool their customers by showing any impractical things like just clicking fingers will make your home or office fully furnished or just buying a lottery ticket will make you a millionaire, then this is not going to work out for them and will be called as unethical.
Recently, the Vetican issued an article which says ads should follow three moral principles - Truthfulness, Social Responsibility and Upholding Human Dignity.
Generally, big companies never lie as they have to prove their points to various ad regulating bodies. Truth is always said but not completely. Sometimes its better not to reveal the whole truth in the ad but at times truth has to be shown for betterment.
Pharmaceutical Advertising - they help creating awareness, but one catchy point here is that the advertisers show what the medicine can cure but never talk about the side effects of that same thing or the risks involved in intake of it.
Children - children are the major sellers of the ads and the product. They have the power to convince the buyers. But when advertisers are using children in their ad, they should remember not to show them alone doing there work on their own like brushing teeth, playing with toys, or infants holding their own milk bottles as everyone knows that no one will leave their kids unattended while doing all these activities. So showing parents also involved in all activities or things being advertised will be more logical.
Alcohol - till today, there hasn’t come any liquor ad which shows anyone drinking the original liquor. They use mineral water and sodas in their advertisements with their brand name. These types of ads are called surrogate ads. These type of ads are totally unethical when liquor ads are totally banned. Even if there are no advertisements for alcohol, people will continue drinking.
Cigarettes and Tobacco - these products should be never advertised as consumption of these things is directly and badly responsible for cancer and other severe health issues. These as are already banned in countries like India, Norway, Thailand, Finland and Singapore.
Ads for social causes - these types of ads are ethical and are accepted by the people. But ads like condoms and contraceptive pills should be limited, as these are sometimes unethical, and are more likely to loose morality and decency at places where there is no educational knowledge about all these products.
(that is same question on my papers)
Requirement 2. How much is the owner's equity of the property management company? Irene Chan has $ of equity in the property management company?
The information provided is incomplete as the amount of equity or any specific details about Irene Chan's investment in the property management company are not given. Therefore, without knowing the specific amount or percentage of equity Irene Chan holds in the company.
it is not possible to determine the exact value of the owner's equity or Irene Chan's equity in the property management company.Equity represents the ownership interest in a company and is calculated by subtracting the company's liabilities from its assets. However, since no information is provided regarding the company's liabilities, assets, or Irene Chan's investment.
We cannot calculate the owner's equity or determine Irene Chan's specific equity in the property management company.To accurately determine the owner's equity or Irene Chan's equity, it would be necessary to have additional information about the company's financial statements, investments, and any other relevant details regarding ownership stakes or capital contributions.
For more such questions on equity
https://brainly.com/question/11556132
#SPJ11
It is important to organize your time when taking a college course, True False
Answer:
imma say true
Explanation:
6) Discuss the following statement: "Good research is deductive in nature."
A good research is seen as deductive in nature because it:
explain causal relationships between concepts and variablesmeasures concepts quantitativelygeneralize research findings to a certain extent.What is a research?This refers to a careful and organized study as well as gathering of information about a specific topic.
When a research works explain causal relationships between concepts and variables, measures concepts quantitatively and generalize research findings to a certain extent, then, it is seen as a good research.
Read more about good research
brainly.com/question/968894
#SPJ6
you can have your cake or chose to eat it
this is example of property rights providing tye right for you to
enjoy property
own property
exclude people from your property
Exchange property
Answer:
Exclude people from your property
Question 1 of 20
Fifteen thousand shares of common stock are issued at a par value of $1.
The journal entry for this transaction includes a debit to for $15,000.
OA. Dividends Payable
B. Paid-In Capital
C. Cash
O D. Common Stock
SUBMIT
What are the disadvantages of authority?
Answer:
Disadvantages. Centralized authority is not without disadvantages. It can hinder creativity and innovation because decision-making is in the hands of a few at the top rather than spread out across the organization.
HOPE IT HELPS YOU ✌️
What is product positioning?
Answer:
Product positioning is a form of marketing that presents the benefits of your product to a particular target audience.
Explanation:
I NEED THE 3 HIGHLIGHTED QUESTIONS ANSWERED ASAP!!!
1. The advice that I will give someone considering a similar move today is to ensure that they have another skill rather than depending on the company alone.
2. The company influenced their lifestyle as they were more socially inclined.
3. The risk that I see going forward is about new competition from other.
How to explain the excerpt?It should be noted that the story is about three sisters who set up their own company after realizing the harsh economic conditions they faced in their previous company.
This shows the importance of skills and believing in oneself. In this case, going forward, they will face competition from new businesses.
Learn more about context clues on:
brainly.com/question/11247029
#SPJ1
which of the following is not a sign to clear a table?
A. Napkins are put back on table.
B. Cutlery is placed in a vertical position on top of plate
C. Cutlery is placed in a perpendicular position on top of plate
D All of the above
Answer:
is placed in a vertical position on top of plate
C. Cutlery is placed in a perpendicular position on top of plate
D All of the above
How can buying a house be considered "good debt"?
Answer:
Answer below
Explanation:
Good debt is a loan used to finance an investment that offers a good return on the investment. An example of a good debt would be a mortgage to purchase a home. You borrow money from the bank to pay for a home that will hopefully increase in value over time. How Much Debt Is Good To Have? This question has a few layers to it.
A loan used to finance an investment that provides a strong return on the investment is referred to as good debt. A mortgage for the purpose of buying a home is an illustration of a positive debt. You take out a bank loan to buy a house, which you hope will appreciate in value over time.
What is “good debt”?Customers who purchase your services and then pay you back consistently and on time are said to have good debt.
Examples of acceptable debt include: the loan you have. In the hopes that your house would be worth more when your mortgage is paid off, you borrow money to purchase a home. The interest on mortgage debt may occasionally be deductible from your taxes.
Debt may be deemed "good" if it has the potential to considerably improve your life or raise your net worth. You might think of a mortgage or school loan as positive debt because it will help your long-term financial situation.
Thus, loan used to finance an investment that provides a strong return on the investment.
For more information about good debt, click here:
https://brainly.com/question/17364201
#SPJ2
During the current year, Ron and Anne sold the following assets:
Capital Asset Market Value Tax Basis Holding Period
L stock $50,000 $41,000 > 1 year
M stock 28,000 39,000 > 1 year
N stock 30,000 22,000 < 1 year
O stock 26,000 33,000 < 1 year
Antiques 7,000 4,000 < 1 year
Rental home 350,000* 90,000 > 1 year
*$30,000 of the gain is 25 percent gain (from accumulated depreciation on the property).
Ignore the Net Investment Income Tax.
Given that Ron and Anne have a taxable income of $400,000 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2016 assuming they file a joint return?
Which is an example of a good URL?
A.
http://www.sedl.org/abcd.html
B.
http://www.sedl.org/expertise/current_projects.html
C.
http://www.sedl.org/some_text_here_which_is_a_part_of_the_URL_and_is_a_resource_identifier.html
D.
http://www.sedl.org/expertise/currentinterestingprojects.html
Answer:
The example of a good URL is ".gov and .org¨
Explanation:
http://www.sedl.org/expertise/current_projects.html is an example of a good URL. Therefore option B is correct.
What is a URL?
An Internet resource may be found using a URL (Uniform Resource Locator), a special identifier. It is additionally known as a web address. URLs contain several components, such as a protocol and domain name, which instruct a web browser on how and from where to retrieve a resource.
In addition to the resource name, the URL also includes the name of the protocol required to access the resource. The protocol to utilize as the main access medium is specified in the first portion of a URL. The location of the resource is indicated by its IP address, domain name, and sometimes a subdomain in the second portion.
Only the ASCII character set may be used to send URLs over the Internet. The URL must be changed into a proper ASCII format since URLs frequently contain non-ASCII characters. Unsafe ASCII characters are replaced by a "%" and two hexadecimal digits in URL encoding. Spaces are not permitted in URLs.
To learn more about URLs follow the link.
https://brainly.com/question/17331722
#SPJ2
Budgeting guidelines that help insure budgeting is a positive motivating force include: (Check all that apply.
It should be noted that Budgeting guidelines that help to insure budgeting is a positive motivating force which include;
Participatory BudgetThe opportunity to explain differences between actual and budgeted amountsAttainable Goals. What is Budgeting?Budgeting serves as the the process of creating a plan to spend your money.
It helps to balance the income and expenses of a company.
Learn more about budgeting at; https://brainly.com/question/6663636
Please help instructions are attached.
A Profit and Loss (P&L) statement is an essential part of determining how a business is doing. Imagine that the following reflects the first two quarters Tasty Cakes Bakery has been in business. The owner had saved funds to cover her living expenses prior to starting the business, so she does not intend to draw a salary for the first year. She is doing most of the business herself but has hired a part-time assistant for weekend mornings and when large orders come in. While the first quarter had some unexpected expenses when the oven broke down, overall it went well. During the second quarter, she got a bit of a bump in business due to the number of graduation and wedding cakes ordered. She was also asked to deliver an order of 500 cupcakes to a function at city hall, which required her to rent some equipment to transport and serve the order; however, the $800 that it paid more than covered the additional expense.
a. If you were going to spend more on marketing, which product would you emphasize and why?
b. Should the budget for office supplies and repairs be reduced for the next quarter? Explain your answer.
Based on the information given, since the person will spend more on marketing, the product that should be emphasized will be cupcakes.
What is marketing?Marketing simply means the prices of exploring, and delivering value in order to meet the needs of the target market.
Based on the information given, since the person will spend more on marketing, the product that should be emphasized will be cupcakes. This is because the $800 that it paid more can cover the additional expense.
Also, the budget for office supplies and repairs be reduced for the next quarter. This is because they will have already gotten the supplies needed to start up.
Learn more about marketing on:
https://brainly.com/question/25369230
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:
1. What is the materials quantity variance for March?
2. If Preble had purchased 171,000 pounds of materials at $7.20 per pound and used 155,000 pounds in production, what would be the materials quantity variance for March?
3. What is the labor rate variance for March?
4. What is the labor efficiency variance for March?
5. What is the labor spending variance for March?
Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).
Labor efficiency variance = $404,600 F
What is Labor efficiency variance?By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.
1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)
Labor efficiency variance = $1,156,000 - (91,800 * $17)
Labor efficiency variance = $404,600 F
2) Variance in direct labor worked divided by variance in labor efficiency
Variance in labor costs is $404,600 - $68,000.
Variance in labor costs = $336,600 F
3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Manufacturing variable overhead cost = 24,000 * $21
$504,000 is the variable manufacturing overhead cost.
4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Cost of variable overhead in production = 30,600 * $21
$642,600 is the variable manufacturing overhead cost.
Learn more about Labor efficiency variance, here
https://brainly.com/question/28013719
#SPJ1
Suppose you are an aide to a U.S. Senator who is concerned about the impact of a recently proposed excise tax on the welfare of her constituents. You explained to the Senator that one way of measuring the impact on her constituents is to determine how the tax change affects the level of consumer surplus enjoyed by the constituents. Based on your arguments, you are given the go-ahead to conduct a formal analysis, and obtain the following estimates of demand and supply:
Qd=500-5P
Qs-2P-60
(a) What are the equilibrium quantity and equilibrium price? Graph your solution.
(b) If a $2 excise tax is levied on this good, what will happen to the equilibrium price and quantity? Show the changes in your graph from part (a).
(c) How much tax revenue does the government earn with the $2 tax?
Answer:
(a) P = 80 and Q= 100
(b) P = 80.57 and Q= 97.15
(c) Tax revenue = 194.3
Explanation:
Qd= 500 - 5P
Qs = 2P - 60
(a)
In equilibrium
\(Qd = Qs \\500 - 5P = 2P - 60 \\7P = 560 \\P = 80 \\\)
Putting this value of P back into the Qd or Qs equation
\(Qd = 500 - 5p\\Q = 500 - 5 (80) \\Q = 500 - 400 \\Q = 100\)
Thus, equilibrium price is 80 and equilibrium quantity is 100
(b)
When a tax is imposed the supply curve shifts up to the left by the amount of the tax. The new supply curve is given by
\(Qs = 2(P-2) - 60 \\Qs = 2p - 4 - 60 \\Qs = 2P - 64\)
The new equilibrium is
\(Qd = Qs \\500 - 5P = 2P - 64 \\7P = 564\\P = 80.57 \\\)
Substitute it into Qs or Qd we get
\(Q = 500 - 5 (80.57 ) \\Q = 97.15\)
(c)
\(Tax revenue = Tax rate * Quantity \\ = 2 * 97.15\\ = 194.3\)
a. At equilibrium the quantity demanded is equal to the quantity that was supplied.
Qd = Qs
500 - 5p = 2p - 60
We collect like terms from here
500+60 = 2p+5p
560 = 7p
p = 560/7
p = 80 dollars.
Therefore the equilibrium price is 80 dollars.
The equilibrium quantity
Qd = 500 - 5p
= 500-5*80
= 500-400
= 100
The equilibrium quantity is 100
b. Qs = 2p+60
2p = Qs + 60
divide through by 2
p = 0.5Qs + 30
P = 0.5Qs + 30 + t
where we have tax = t = 2
= 0.5Qs + 30 + 2
= 0.5Qs + 32
p - 32 = 0.5Qs
divide through by 0.5
Qs = 2p - 64
The demand function is still the same at Qd = 500 - 5P.
At equilibrium: Qd = Qs
2P- 64 = 500-5P
collect like terms
7P = 500+64
7P = 564
divide through by 7
P = 564/7
P = $80.57
When we put this in the demand function
Q = 500-5P
Q = 500-5*80.57
Q = 97.14
This is the equilibrium quantity
500-5*80.57
= 400-402.85
= 97.15 dollars
c. the tax revenue = 2x97.15
= 194.3 dollars
Read more on https://brainly.com/question/24096086?referrer=searchResults
Calculating Income Tax Expense
Given the following.
Taxable Income $400k
Future taxable amounts $30k
Future deductible amounts $50k
Beginning Balances DTA $10k
Beginning Balances DTL $40k
Tax rate 30%.
1. What is the income tax expense?
2. What is the DTA year end balance?
3. What is the DTL year end balance?
4. What is the income tax expense?
5. What is the originating/reversing amount for the future taxable amount and for the deductible amount of the current year?
The income tax expense is $120k
The DTA year-end balance is $10k
The DTL year-end balance is $40k
The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
How to Solve the Problem?1. To calculate the income tax expense, we need to first calculate the taxable income.
Taxable Income = $400k
Tax rate = 30%
Income tax expense = Taxable Income * Tax rate
Income tax expense = $400k * 30% = $120k
2. The DTA (Deferred Tax Asset) year-end balance can be calculated as follows:
Beginning Balance DTA = $10k
Future deductible amounts = $50k
Origination amount for the deductible amount = $50k * 30% = $15k
Reversing amount for the deductible amount = $15k
DTA year-end balance = Beginning Balance DTA + Origination amount - Reversing amount
DTA year-end balance = $10k + $15k - $15k = $10k
3. The DTL (Deferred Tax Liability) year-end balance can be calculated as follows:
Beginning Balance DTL = $40k
Future taxable amounts = $30k
Origination amount for the taxable amount = $30k * 30% = $9k
Reversing amount for the taxable amount = $9k
DTL year-end balance = Beginning Balance DTL + Origination amount - Reversing amount
DTL year-end balance = $40k + $9k - $9k = $40k
4. The originating/reversing amount for the future taxable amount and the future deductible amount of the current year have already been calculated in questions 2 and 3. The origination amount for the future taxable amount is $9k, and the reversing amount is also $9k. The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
Learn more about income tax here: https://brainly.com/question/23687799
#SPJ1
Type the correct answer in the box. Use numerals instead of words. What is the total liability of the business? Indicate?
The total liabilities are $___
if the pictures are not the same size when they are selected from a file