The most likely reason for the difference between his expected income and his actual income is that he did not consider the taxes and other deductions from his gross pay, resulting in a lower net pay. (Option b)
The most likely reason for the difference between Babara's expected income of $180 and his actual income of $145 is that he did not consider the taxes and other deductions that are typically taken out of an employee's paycheck. That is option b. When calculating income, it's important to take into account deductions such as federal and state taxes, Social Security, Medicare, and possibly other withholdings like health insurance premiums or retirement contributions.
These deductions are usually mandatory and are automatically subtracted from an employee's gross pay to arrive at the net pay, which is the amount actually received by the employee. Therefore, Babara's actual income of $145 is likely the result of taxes and deductions being taken out of his gross pay, resulting in a lower net pay than he initially expected.
The correct question is:
Babara is proud of himself for creating his first financial budget. He is excited to watch his saavings grow while he reduces his unnecessary spending. When calculating his income, Babara expects to bring home $180 a week by working 20 hours and making $9 an hour. When he receives his first paycheck, Babara is upset because the only made $145, What is the most likely reason for the difference between his expected income and his actual income?
a. His manager did not pay him for all the hours he worked, resulting in fewer hours of pay.
b. He did not consider the taxes and other deductions from his gross pay, resulting in a lower net pay.
c. He does not even realize that his paycheck is less than expected because it was automatically deposited into his bank account.
d. His manager did not pay him for the agreed upon $9 an hour and is paying him less than he should be.
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can someone explain what bitcoin is? i don't get it is it illegal? how does it work?
Answer:
Bt Bicoins este o moneda virtuala care valorează extrem de mult, nu, nu este ilegal sa ai un bit coin
Answer: Bit coin is crypto-currency. It was made by a guy called Satoshi Nakamoto. No bit coin is perfectly legal. Basically how it works is frst you have to buy a bitcoin wallet. Once you buy that it will give you a bitcoin address so that way your friends and family or whoever can pay you. In a nutshell it's basically Pay-Pal.
Explanation: Also, I'm currently 3D printing the Tesla Cyber truck. This is the model I have so far. What do you think? Do you think I can go ahead and print it?
What is market economy?
Answer: an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
Answer:
an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
Explanation:
periodic or cycle counts of selected inventory items are made at various times during the year rather than during a single inventory count at year-end. which of the following is necessary if the auditor plans to observe inventories at interim dates? multiple choice complete recounts by independent teams are performed. perpetual inventory records are maintained. unit cost records are integrated with production accounting records. inventory balances are rarely at low levels.
If the auditor plans to observe inventories at interim dates, it is necessary that perpetual inventory records are maintained.
Perpetual inventory records keep track of the movement of inventory items on an ongoing basis, allowing the auditor to verify the inventory balances at any point in time. This is essential for conducting periodic or cycle counts of selected inventory items at various times during the year.
Complete recounts by independent teams may not be necessary if the perpetual inventory records are accurate and reliable. Unit cost records integrated with production accounting records and high inventory balances are not directly related to the auditor's ability to observe inventories at interim dates.
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QUESTION
Thomas invested $200 in an index fund with an average
annual rate of return of 8.4% and an expense ratio of 0.5%.
What was Thomas' annual rate of return after fees?
To calculate Thomas' annual rate of return after fees, we need to deduct the expense ratio from the average annual rate of return. In this case, Thomas invested $200 in an index fund with an average annual rate of return of 8.4% and an expense ratio of 0.5%.
Subtracting the expense ratio from the average annual rate of return gives us Thomas' annual rate of return after fees.
Therefore, 8.4% - 0.5% results in an annual rate of return of 7.9%.
Hence, Thomas' rate of return on his investment, after accounting for the expense ratio, was 7.9%.
This calculation is essential for determining the actual returns an investor receives on their investment, as it considers the fees and expenses associated with the investment.
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Three attraction places found in SA
Answer:
The Garden Route
The Cape Town
Help. business management
Answer: The break-even point is 66 units.
Explanation:
The break-even point can be found by dividing total fixed costs by the difference between selling price and variable cost.
(fixed cost) / (sale price - variable cost)
1980 / (50 - 20) = 66 units
Salt & Battery must sell 66 units of product before breaking even.
Which of the following accounts normally has a debit balance? a. Revenue b. Dividends c. Share capital d. Retained Earnings
Option B . dividends. In accounting, a debit balance refers to the amount of money owed or the value of an account that is greater than the credit balance. The opposite of a debit balance is a credit balance, which means that the credits in an account exceed the debits.
Out of the options given, only two accounts normally have debit balances - Dividends and Retained Earnings. Dividends are payments made by a company to its shareholders as a distribution of profits. Since dividends reduce a company's retained earnings, they are recorded as a debit entry in the accounting records.
Retained earnings, on the other hand, represent the cumulative profits and losses of a company over time that have not been distributed as dividends. When a company earns a profit, it increases its retained earnings account with a credit entry. Conversely, when the company incurs a loss, it decreases retained earnings with a debit entry. If the company pays out dividends, it reduces its retained earnings balance with a debit entry.
Revenue and Share Capital both typically have credit balances. Revenue represents the money earned by a company from the sale of goods or services, therefore it increases with a credit entry. Share capital reflects the amount of money invested by shareholders into a company, thus it is also increased with a credit entry.
In conclusion, while there are different types of accounts in accounting, dividends and retained earnings accounts normally have a debit balance.
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Gracie's insurance premiums are $131 per month. According to her policy, she has a $500 deductible and a 20% co-insurance. This year she had a $3,200 bill for a minor accident. How much was her total health care expense for the year?.
Based on Gracie's health insurance plan, her total health care expense for the year is $2,712.
Gracie's total health care expense for the year can be calculated by summing up her annual insurance premium, her deductible, and her responsibility on the co-insurance plan.
If Gracie had $131 insurance premium per month, her annual health insurance premium would be:
Annual health insurance premium = Monthly insurance premium x 12 months
Annual health insurance premium = $131 x 12
Annual health insurance premium = $1,572
Gracie is responsible to pay deductible of $500.
Since Gracie had a minor accident with $3,200 bill, she has to pay 20% of her bill based on the co-insurance plan. Gracie should pay:
Co-insurance payment = Accident bill x co-insurance percentage
Co-insurance payment = $3,200 x 20%
Co-insurance payment = $640
Total health care expense for the year = Annual health insurance premium + Deductible + Co-insurance payment
Total health care expense for the year = $1,572 + $500 + $640
Total health care expense for the year = $2,712
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An applicants medical information receives from the medical informatuon bureau may be furnished to who?
when moving from valuing an option on a non-dividend paying stock to an option on a currency, which of the following is true?group of answer choicesa. the risk-free rate is replaced by the excess of the domestic risk-free rate over the foreign risk-free rate in all calculations.b. the formula for u changes.c. the risk-free rate is replaced by the excess of the domestic risk-free rate over the foreign risk-free rate for discounting.d. the risk-free rate is replaced by the excess of the domestic risk-free rate over the foreign risk-free rate when p is calculated.
The right response is c. The excess of the domestic risk-free rate over the international risk-free rate for discounting is used in place of the risk-free rate when evaluating an option on a currency rather than a non-dividend paying stock.
The correct answer is c. When moving from valuing an option on a non-dividend paying stock to an option on a currency, the risk-free rate is replaced by the excess of the domestic risk-free rate over the foreign risk-free rate for discounting. This is because in the case of currency options, the exchange rate between the two currencies is a key factor in determining the option's value. Therefore, the risk-free rate used for discounting future cash flows should reflect the interest rate differential between the two currencies.
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A loan taken out by a government that is repaid in a fixed amount at a specific time is a ____.
A. bond
B. hedge fund
C. stock
D. savings account
T/F Subsidiaries require major marketing efforts to penetrate the international market because of cultural differences and because the entrant is new and relatively unknown.
The statement " Subsidiaries require major marketing efforts to penetrate the international market because of cultural differences and because the entrant is new and relatively unknown." is ture.
Cultural differences can create challenges in developing effective marketing strategies, and the lack of brand recognition makes it harder for the subsidiary to establish credibility and trust with potential customers.
Moreover, being a new entrant in the market means that the subsidiary may face stiff competition from established players, making it imperative to have a robust marketing plan to penetrate the market successfully.
Overall, subsidiaries need to invest heavily in marketing efforts to establish themselves in the international market and gain a foothold in their respective industries.
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what solo singer performed the first national anthym at a super bowl in 1974?
The solo singer who performed the first national anthem at a Super Bowl in 1974 was opera singer, songwriter, and actress, Carol Channing. The performance took place at Super Bowl VIII, which was played on January 13, 1974, at Rice Stadium in Houston, Texas.
Channing's performance of the national anthem was considered groundbreaking, as it was the first time that a solo singer had performed the anthem at the Super Bowl. Prior to this, the anthem was typically performed by military bands or other large groups.Channing, who was known for her distinctive voice and larger-than-life personality, had a long and successful career in the entertainment industry. She received numerous awards and accolades throughout her career, including a Tony Award for her role in "Hello, Dolly!" and a Lifetime Achievement Award from the Tony Awards.In summary, Carol Channing was the solo singer who performed the first national anthem at a Super Bowl in 1974. Her performance was considered groundbreaking and helped to pave the way for future solo performers at the event.
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Does anyone’s else’s teacher do this and does not let you complete the test-
A cheque of Rs 4500 received from yogesh and deposited into bank. Required: Journal Entry
Answer:
See below
Explanation:
This transaction will affect the bank balance by increasing it with the check amount. The bank is cash (asset ) held in the bank. An increase in assets account is a debit. The bank A/c will be debited.
The check is received from Yogesh. Yogesh must have bought goods on credit and hence is an account receivable (asset). Since Yogesh has paid, his account decrease by the check amount. A decrease in assets is credited.
The journal entry will be
Bank A/c DR. Rs 4500
Yogesh A/c Cr. Rs 4500
What does a credit score provide to lenders?
Group of answer choices
A person's credit risk
A person's credit history
A person's credit application
A person's credit interest
Answer:
I believe the answer is credit history, please let me know if I am wrong.
Explanation:
"'A credit score is a number lenders use to help them decide how likely it is that they will be repaid on time if they give a person a loan or a credit card.'' Your personal credit score is built on your credit history.'' Your FICO® Score☉ ranges from 300 to 850."
Answer: A person’s credit risk
Explanation:
a communication plan defines the how, what, when, and who regarding the flow of project information to stakeholders and is key for managing expectations. group of answer choices true false
It is true that a communication strategy is essential for managing expectations since it specifies the how, what, when, and who regarding the flow of project information to stakeholders.
A project is any endeavour that is deliberately planned to accomplish a certain goal, whether it is carried out alone or in collaboration with others and may involve research or design. An alternate perspective describes a project as a series of connected tasks that must be completed within specific time, budget, and other constraints. A project could be a temporary social structure with teams working under time limits to complete certain tasks. A project may be used as an ad hoc system or as part of a larger programme management framework. Be aware that open-source software "projects" and artists' musical "projects" may not have a defined team, exact planning, or a time restriction
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The ________ function allows for multiple criteria in multiple ranges to be evaluated and counted.
The COUNTIF function enables the evaluation and counting of many criteria across various ranges. Use the COUNTIF function if you want to use numerous criteria at one time. The COUNTIF function has the following syntax: =COUNTIF (range, criteria).
The range specifies which cells must be counted, and the criterion control specifies which cell values must be counted and which must not. Using Excel's COUNTIF function to count using the AND condition is quite simple. For counting cells with two or more criteria, use the COUNTIFS function.
For purposes of partial matching, the COUNTIF function's criteria can also incorporate a variety of logical operators and wildcards. Excel's COUNTIF function does not allow the use of arrays and always requires a range of cells.
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Most projects have stakeholders that expect a return on their investment. For that to happen, the project must meet its deadline and stay within budget. To create a project budget, you first need to create a cost baseline so you can compare planned spend to actual spend.
It’s with this cost baseline that you can make cost estimates for each task of your project and see if you’re on target or overspending. Let’s take a moment to fully understand this cost management basic concept and how you can use it to keep your project on track.
There's no getting around it: making sure there's enough money to complete the project plan is a key element of project management. Project cost management is a stressful part of most projects, especially when there seems to be extra cost involved at every turn!
Of course, budgeting is an important way to ensure success for your project - and you need to get your project budget as accurate as possible. One of the main outputs of the cost budgeting process is a cost baseline. But what exactly is a cost baseline - and how do you use it?
In this article, we'll discuss what a cost baseline is, how it differs from a budget, and how you can use it to see if your project is performing as well as expected
Project cost management is a crucial part of project management. It involves creating a cost baseline to compare planned spend to actual spend and ensure the project stays within budget and meets its deadline. A cost baseline is one of the primary outputs of the cost budgeting process.
A cost baseline refers to a detailed time-phased budget that is used to monitor and control costs. It represents the original plan for project costs, including all the authorized budgets and any changes made to them. Once the cost baseline has been established, the project team can use it to compare actual project performance and determine if the project is on track or not.
The cost baseline is different from a budget because it is used as a reference point for measuring project performance. It includes all the project costs and any changes that have been made to them, whereas a budget is simply a plan for how money will be spent. A cost baseline is an essential tool for project managers to use to control costs and keep their projects on track. To create a cost baseline, you need to estimate the costs for each task of your project and then add them up to get the total project cost.
This can be done using different methods such as bottom-up estimating or analogous estimating. Once the costs have been estimated, you can use them to create a time-phased budget that represents the cost baseline for your project.
You can then use this cost baseline to track actual costs against planned costs and ensure that your project stays within budget.
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what factors should the staff consider when determining new sources of business to replace the old corporate contracts?
When deciding on new sources of business to replace outdated corporate contracts, the staff should take into account a number of factors. They should examine their current clientele first to see which markets or demographics they have not yet entered.
Surveys of customers and market research can be used to accomplish this. Second, they should investigate new trends in their business and think about how to position themselves to benefit from them. Thirdly, they should evaluate their competitive environment to find areas where they might set themselves apart from their rivals.
Fourth, they should assess their sales and marketing plans to make sure they are successfully interacting with their target market. Finally, businesses must make sure they have the resources and examine the financial ramifications of recruiting new clients. In conclusion, the staff can find new sources of business that can help them replace outdated corporate contracts and promote sustainable growth by taking these elements into account.
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ACCT 3311 Intermediate Accounting
1. A company has discontinued operations for Division G. The following information is available for operating activities of Division G:
Revenue $1,500,000
Expenses $600,000
Tax rate is 30%
The book value of net assets for Division G is $340,000
(assets of $940,000 minus liabilities of $600,000)
The fair value of net assets for Division G is $210,000
Show the "Results from Discontinued Operations" that would appear on the income Statement related to Division G.
2. Given the following account balances, prepare a multi-step income statement to arrive at Net Income.
Sales (net) $200,000
Cost of Goods Sold $100,000
Interest revenue $4,000
Loss from strike $9,000
General & Administrative Expenses $25,000
Selling Expenses $30,000
Tax rate 25%, common shares outstanding during the year were 40,000.
3. The Long Horn Music Store had the following transactions during the month of December 2019.
· Dec 1 Made credit sales of $1,475; cost of inventory sold $785
· Dec 4 purchased $1,500 worth of inventory, paying $1,000 with cash.
· Dec 7 sold equipment that cost $1,900 for $2,300. The equipment was fully depreciated and had no salvage value.
· Dec 10 paid wages of $1,250 and salaries of $3,250
· Dec 18 purchased new equipment of $3,780 paying $1,780 in cash and signing a 90 day note for the remainder.
· Dec 24 made cash sales of $1,235; cost of inventory sold $650
· Dec 29 paid the remainder of the Dec 4 inventory purchase
Additional events concerning Long Horn Music for 2019 are described below:
a. On September, 2019, a two-year insurance policy was purchased for $2,400. The payment was debited to prepaid insurance.
b. On January 1, 2019, the office supplies account had a $500 balance. Supplies costing $3,100 were purchased during the year. At December 31, an inventory count showed $100 of supplies on hand.
c. On December 31, 2014, $4,800 of unpaid employee salaries had accumulated. No entry for these salaries has been recorded
"Results from Discontinued Operations" that would appear on the income Statement related to Division G is as follows.
What are they?Net revenue $1,500,000
Less cost of goods sold $600,000
Gross profit $900,000
Less selling and administrative expenses $0
Income before taxes $900,000
Less income tax expense $270,000
Income from discontinued operations $630,0002.
The multi-step income statement to arrive at Net Income is as follows:
Sales (net) $200,000
Cost of Goods Sold $100,000
Gross Profit $100,000
Less Operating Expenses:
Selling Expenses $30,000
General & Administrative Expenses $25,000
Total Operating Expenses $55,000
Operating Income $45,000
Add Other Revenues and Gains:
Interest Revenue $4,000
Total Other Revenues and Gains $4,000
Gain on Disposal of Plant Assets $0
Add Other Expenses and Losses:
Loss from Strike $9,000
Total Other Expenses and Losses $9,000
Income before Taxes $40,000
Less Income Tax Expense $10,000
Net Income $30,0003.
Long Horn Music Store's Income Statement is as follows:
Sales $2,710Cost of goods sold $1,435Gross profit $1,275
Operating expenses:
Wages $1,250
Salaries $3,250
Supplies $3,000
Total operating expenses $7,500
Net operating loss $(6,225)
Gain on sale of equipment $400
Income before income tax $(5,825)
Income tax expense $0
Net income $(5,825)
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Economics (FoolProof)
I should do my best to get a credit card from a company that will tell me both my interest rate and my credit limit before I commit to taking the card.
True or False
Answer:True
Explanation:
Suppose O'Neill already has no extra small-tall Animals in-stock. What is
O'Neill's expected profit if it produces one batch (five units) of extra small-tall
black Animals?
O'Neill's expected profit if it produces one batch:
Determine the production cost per unit Determine the selling price per unit Calculate the profit per unit Calculate the expected profit:To calculate O'Neill's expected profit, we need to know the production cost per unit and the selling price per unit for extra small-tall black Animals.
Determine the production cost per unit: This includes the cost of materials, labor, and any other expenses associated with producing one unit of extra small-tall black Animals.
Determine the selling price per unit: This is the price at which O'Neill plans to sell each unit of extra small-tall black Animals.
Calculate the profit per unit: Subtract the production cost per unit from the selling price per unit.
Calculate the expected profit: Multiply the profit per unit by the number of units produced (five in this case).
Without specific data regarding production costs and selling prices, it is not possible to provide an accurate estimate of O'Neill's expected profit for one batch of extra small-tall black Animals.
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Which of the following are traits of successful entrepreneurs?
quits when he or she fails
doesn't make the same mistake twice
is self-assured
relies on everyone else to get the job done
Answer:
Self assured and doesn't make the same mistake twice
Explanation:
Hope this helps!
which of the following would be included as an inventory holding cost? group of answer choices transportation breakage order placing quantity discounts
Breakage, order placing, and quantity discounts are included as inventory holding costs.
Among the options provided, the inventory holding cost would typically include the following:
Breakage: Breakage refers to the cost incurred when goods or inventory items are damaged or broken during storage. This cost is included as part of inventory holding costs because it represents the expense associated with maintaining and protecting the inventory.
Order placing: Order placing costs are expenses incurred when placing orders for inventory, such as costs related to processing purchase orders, communication, and coordination with suppliers. These costs are considered inventory-holding costs because they are directly associated with managing and replenishing the inventory.
Quantity discounts: Quantity discounts refer to the reduced prices offered for purchasing larger quantities of inventory. While quantity discounts may reduce the overall cost of inventory, they are still considered inventory-holding costs because they influence the cost of carrying inventory over time.
Transportation costs, on the other hand, typically fall under the category of ordering costs rather than inventory holding costs. Transportation costs are associated with the delivery of inventory items and are incurred when goods are transported from suppliers to the storage location. They are considered part of the order-placing costs since they are primarily associated with the procurement process rather than the ongoing holding and storage of inventory.
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n its recent income statement Tyler Toys Inc. reported $72.5 million of net income, and in its year-end balance sheet it reported $1,174 million of retained earnings. The previous year its balance sheet showed $1,131 million of retained earnings. What were the total dividends (in millions of dollars) paid to shareholders during the most recent year
what objects are necessary for the formation of shadows ?
Answer:
The following three things are required for a shadow to form:
a source of light.
an opaque object.
a screen or surface behind the object.
Some identity thieves may use your Social Security number to obtain government benefits,
OA True
OB, False
Answer:
True
Explanation:
Your social security number overall describes who you are and your citizenship. If someone could get a hold of your SSN, they could do an number of things that are far worse then mere identity theft. If given the chance, they could even file for unemployment or Social Security benefits. This means that by using your identity, they are illegally gaining funds through government benefits. This crime is known as fraud.
how to write an action plan
Answer:
to write action plan you need to make an action
An insurance premium is:
O A. an estimate of the amount of money a person can save on
insurance.
B. a limit on the amount of insurance money a person can claim.
C. a discounted rate an insured person gets to pay for a service.
O D. a monthly payment that ensures insurance coverage for a person.
An insurance premium is a monthly payment that ensures insurance coverage for a person. Hence, option D is appropriate.
What is the meaning of Insurance?Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If you don't have insurance and an accident occurs, you can be liable for all expenses.
Next, we look more closely at the three most significant categories of insurance: life, liability, and property. Insurance is a financial product offered by insurance firms to protect you and/or your possessions from the possibility of theft, loss, or damage.
Anyone wishing to safeguard their family, possessions, and self from financial danger or losses will benefit from insurance plans: Insurance plans will assist you in covering the costs of unexpected medical expenses, hospitalization, contracting illnesses, and treatment.
Hence, option D is correct.
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