The percentage of total liabilities for December 31, 2024, is 20.43%.
To calculate the percentage of total liabilities for December 31, 2024, we need to divide the total liabilities by the total assets and multiply by 100. In this case, the total liabilities are reported as $470,000, and the total assets are reported as $2,300,000.
By dividing the total liabilities ($470,000) by the total assets ($2,300,000) and multiplying by 100, we find that the percentage of total liabilities for December 31, 2024, is 20.43%.
This percentage indicates the proportion of total assets that is represented by liabilities. In other words, out of the total value of the company's assets, 20.43% is accounted for by liabilities.
This information is valuable for assessing the financial health of the company. A lower percentage of liabilities in relation to total assets indicates a stronger financial position, as it suggests that the company has a smaller proportion of debt relative to its overall assets.
It's important to regularly monitor the percentage of total liabilities, as significant changes over time can indicate shifts in the company's financial structure and risk profile. Comparing this percentage to industry benchmarks or previous years' data can provide further insights into the company's financial performance and stability.
In summary, the percentage of total liabilities for December 31, 2024, is 20.43%, indicating the proportion of liabilities relative to the total value of assets held by the company.
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if the beginning cash account balance was $18,400, the ending balance was $10,200, and total cash received during the period was $44,000, what amount of cash was paid out during the period?
The amount of cash paid out during the period was $33,800.
Determine the difference between the beginning and ending balances:
Beginning Cash Account Balance = $18,400
Ending Cash Account Balance = $10,200
Difference = $18,400 - $10,200 = $8,200
Calculate the amount of cash paid out during the period:
Total Cash Received = $44,000
Amount of Cash Paid Out = Total Cash Received - Difference
= $44,000 - $8,200
= $33,800
Hence ,the amount of cash paid out during the period was $33,800.
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Using a loan could help with the purchase of which of the following?a) A new televisionb) A dream weddingc) A housed) Airline tickets to your dream vacation
Using a personal loan could help with the purchase of A house .Option C is correct .
What does the term "personal loan" mean?
When someone borrows money for a personal need, such as investing in a business, it is referred to as a personal loan (also known as a consumer loan).
What is an example of a personal loan?
A personal loan is a sum of money that you can borrow and use for a number of things. For instance, you may utilize a personal loan to pay off debt, finance home improvements, or finance your ideal wedding. Online lenders, credit unions, and banks can all provide personal loans.Learn more about personal loan
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"Which of the following statements are TRUE? I Accrued interest is added to the buyer's confirmation II Accrued interest is added to the seller's confirmation III Accrued interest is included in the buyer's cost basis IV Accrued interest is included in the seller's sale proceeds"
Answer: I. Accrued interest is added to the buyer's confirmation
II. Accrued interest is added to the seller's confirmation
Explanation:
Accrued interest is the amount of interest incurred on a loan at a particular date which has not been paid out yet. To the lender, it's a form of revenue and to the borrower, it's an expense.
Therefore, an accrued interest is added to the buyer's confirmation and also added to the seller's confirmation.
Sue and Andrew form SA general partnership. Each person receives an equal interest in the newly created partnership. Sue contributes $22,000 of cash and land with a FMV of $67,000. Her basis in the land is $32,000. Andrew contributes equipment with a FMV of $24,000 and a building with a FMV of $45,000. His basis in the equipment is $20,000, and his basis in the building is $32,000. How much gain must the SA general partnership recognize on the transfer of these assets from Sue and Andrew?
Answer: $0
Explanation:
The amount of gain that the SA general partnership must recognize on the transfer of these assets from Sue and Andrew will be $0.
As Per Section 721a, there'll be no gain or loss that'll be recognised to any partner in case there's a property contribution to the partnership.
Therefore, no gain will be recognized in this situation.
Smith & Sons uses the allowance method of handling its credit losses. It estimates credit losses at two percent of credit sales, which were $1,900,000 during the year. On December 31, the Accounts Receivable balance was $300,000, and the Allowance for Doubtful Accounts had a credit balance of $21,400 before adjustment. Show how Accounts Receivable and the Allowance for Doubtful Accounts would appear in the December 31 balance sheet. (Do not use negative signs with your answers.)
Answer: See explanation
Explanation:
Firstly, we need to calculate the amount of bad debt. This will be:
= Credit sales × Bad debt expense
= $1900000 × 2%
= $38000
Also, the adjusted balance of allowance account will be the addition of the uadjusted balance of Allowance account and the bad debt expense which will be:
= $21,400 + $38000
= $59,400.00
Then, the balance sheet will be:
Accounts receivables = $300,000
Less: Allowance for Doubtful Accounts = $59,400
Net Realizable value of Accounts receivables = $240,600
How old will someone who graduated high school at 18 be until they get a Masters Degree in civil engineerings ?
Answer:22 years
Explanation:
What are extension strategies?
➣ Extension strategies are marketing techniques that seek to improve sales to extend the life of a product before decline begins.
➥ I hope I have helped you, greetings! Atte: ღTheGirlSadღAnswer:
Extension strategies are marketing techniques that seeks to improve sales to extend the life of a product before decline begins .irms usually offer their customers some form of trade credit. this allowance comes with certain terms of credit, which affect the cost of asset of sale for the buyer as well as the seller. consider this case: cold duck manufacturing inc. buys on terms of 2/10, net 30 from its chief supplier.
Payment term of 2/20, net 30 mean if payment is made within 20 days then the customer will get a 2% discount. And the maximum payment term is 30 days.
Cost of credit for one period = 2% / (1 - 2%)= 2.04%
The cost of credit for one period is 2.04%.
Nominal cost of trade credit = 2.04% {365 / (30 - 20)}
= 2.04% 36.50
= 74.46%
Nominal cost of trade credit is 74.46%.
If the supplier shortens the discount period from 20 days to 5 days then the nominal cost of trade credit will decrease.his refers to the money cost of production. This refers to the value of the product in dollars the time when the product was manufactured. Here the inflatons, deflations are not taken into account.
Inflation can be defined as a decrease in the purchasing power of money. This is reflected in higher prices for goods and services in the market. That is, an increase in the price of a commodity over a period of time. One cause of inflation is low supply and high demand for goods and services in the market.
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the __________ consists of the heads (the secretaries) of the executive departments together with other top officials accorded similar rank.
The Cabinet consists of the heads (the secretaries) of the executive departments together with other top officials accorded similar ranks.
A Cabinet is a group of high-ranking government officials, usually composed of the heads of government departments or ministries. They are sometimes referred to as ministers, secretaries, or (in some cases) state counselors. Cabinets are usually established by the executive branch of the government and are responsible for implementing and enforcing government policies and laws. In the United States, the Cabinet is an advisory body composed of the heads of the executive departments and other high-ranking officials chosen by the President. The Cabinet serves as the President's chief advisor and is responsible for managing and executing various government programs and policies.
In conclusion, the Cabinet is a critical component of many governments worldwide, and its members play an essential role in shaping government policies and laws. It's a group of high-ranking officials chosen by the President to help manage and execute government programs and policies.
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There are many – in a competitive market. Firms in this market sell very – products, and each firm also has – to the market. Each firm is also considered a price –.
There are many sellers in a competitive market. Firms in this market sell very similar products, and each firm also has free entry and exit to the market. Each firm is also considered a price taker.
What is a competitive market?A competitive market is a market where there are buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
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demand-pull inflation arises due to part 2 a. a decrease in the short-run aggregate supply. b. a higher price level. c. a decrease in the aggregate demand. d. a depreciation of the us$.
Demand-pull inflation arises due to a higher price level, which results from an increase in aggregate demand that exceeds the current level of output. The correct answer is B.
This means that consumers and businesses are demanding more goods and services than what the economy can produce at its current capacity. As demand exceeds supply, businesses increase their prices to ration the limited supply of goods and services. This results in a higher price level across the economy, which in turn reduces the purchasing power of money and leads to inflation.A decrease in short-run aggregate supply, which is caused by factors such as supply shocks, can also lead to inflation. When the short-run aggregate supply decreases, firms face higher production costs, and this leads to higher prices. This can create a situation where demand outstrips supply, leading to further inflation.On the other hand, a decrease in aggregate demand can reduce inflationary pressures. This can occur through measures such as monetary policy, which reduces aggregate demand by increasing interest rates and reducing the money supply. This can help to reduce demand-pull inflation, as consumers and businesses reduce their demand for goods and services, leading to a decrease in prices.Finally, a depreciation of the US dollar can also lead to inflation, as imports become more expensive, and this increases the prices of goods and services in the domestic economy. In conclusion, demand-pull inflation is caused by an increase in aggregate demand, which can arise due to a higher price level, a decrease in short-run aggregate supply, a depreciation of the US dollar, or a combination of these factors.For more such question on Demand-pull
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stephen and joy own a duplex in newport beach, ca. they live in one unit and rent the other to another couple. their rental income for the year was $24,000. they incurred the following expenses for the entire duplex: insurance $ 8,000 maintenance 800 utilities 1,800 depreciation 4,000 what amount of net income from the duplex should stephen and joy report for the current year? multiple choice $7,300 $24,000 $16,700 $9,400
Stephen and Joy own a duplex in Newport Beach, California. They live in one unit and rent the other to another couple. Their rental income for the year was $24,000.
They incurred the following expenses for the entire duplex: insurance $8,000, maintenance $800, utilities $1,800, and depreciation $4,000. What amount of net income from the duplex should Stephen and Joy report for the current year?The income from rent that Stephen and Joy have earned is $24,000.
The expenses are as follows:Insurance $8,000Maintenance $800Utilities $1,800Depreciation $4,000Total expenses: $8,000 + $800 + $1,800 + $4,000 = $14,600The net income for Stephen and Joy from the duplex for the current year is the income earned minus expenses incurred. Therefore,Net income = $24,000 - $14,600Net income = $9,400Thus, the net income that Stephen and Joy should report for the current year is $9,400. Answer: $9,400
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Four ways in which schools could promote entrepreneurship as a viable option to counteract unemployment
Answer:
Entrepreneurship is an important alternative to counteract unemployment. It not only gives provides employment to the entrepreneur but also provides jobs to others as well.
Explanation:
Entrepreneurship may be defined as the setting up of a business or a work looking out for making profit dealing with the risks and the challenges on its own.
Four ways in which the school can promote entrepreneurship as a viable option to counteract unemployment are :
build awareness and promote entrepreneurship among the students.Provide the benefits of being an entrepreneur and showing them the possibilities of setting up a business that can even provide jobs to others.Providing with valuable ideas and guidance regarding setting up a business and giving an overview of the current market trends and market study.Helping the students reach out to other entrepreneurs and also providing ways to get any financial aid to set up a business.Four Ways through which Schools can promote Entrepreneurship include the following
Creation of entrepreneurship centres to provide consulting to non-profits and small businesses.Awareness creation through seminars and lectures on the importance of entrepreneurship as an alternative to paid employment. Host entrepreneurship contests where incentives are given.Inviting influential and professional entrepreneurs to give lectures.What is Entrepreneurship ?Entrepreneurship is defined as the process of starting up a business, and taking up the responsibility of financial risk with the hope of making profit.
Entrepreneurship is a potent means of reducing unemployment to the lowest minimum.
Entrepreneurship brings about creativity and as such value is created which leads to more wealth.
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A couple is required by their lender to have a down payment of 20% of the purchase price of the home they want to buy. If the couple has saved $35,000, what is the most expensive home the couple can afford to buy? a. $63,000 b. $140,000 c. $175,000 d. $210,000 Please select the best answer from the choices provided A B C D.
The most expensive home the couple can afford to buy a home is $175,000 having a down payment of 20%.
The computation of the total amount of expenses for homeGiven,
The percentage of the down payment from the complete amount of purchase is 20%.
The total amount of saving by the couple is $35,000.
For calculating the maximum amount for buying the most expensive home the total amount of saving is assumed to be equal to the percentage of down payment.
Thus, if $35,000 is equal to 20% of the total amount then what will be the total amount?
This is computed as follows:
\(\begin{aligned}\text{Amount}&=\dfrac{\text{Total Savings}}{\text{\% of Down Payment}}\times100\\&=\dfrac{\$35,000}{20}\times100\\&=\$175,000\end{aligned}\)
Therefore, the maximum amount that can be afforded by the couple to buy the most expensive home is $175,000.
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Answer:
Answer is C $175,000 i believe could be wrong
Explanation:
Your Assignment, Part III
As the final part of this assignment, you will apply your understanding of tort law to scenarios in which a business is the defendant (or defendant tort-feasor). For each scenario, describe the specific type of tort case being brought against the defendant. Then, explain what the defendant will need to prove in order to get a ruling in their favor. Finally, describe the penalty that may be assigned to the defendant if the court rules against them.
1. Mr. Shanks goes to Hyperion Hospital to have a diseased kidney removed. After the surgery, he finds that his symptoms come back and grow even worse. When he returns to the hospital to find out what is happening, the hospital staff discovers that the surgeon removed Mr. Shanks’ healthy kidney instead of the diseased one.
a. What specific type of tort case against the business would this be? Explain.
b. What conditions does the plaintiff need to prove? What specific proof (if any) does the plaintiff have in this scenario? Organize this information into a table.
c. What penalty may the defendant expect (if any) as the outcome of this tort case, and why?
2. Two energy drink companies, Red Hornet and Blackout, have been competing with each other for years. In Blackout’s latest ad campaign, they have Red Hornet’s cartoon mascot making disparaging comments about its own product. Blackout’s ad also includes false claims that Red Hornet uses ingredients grown using slave labor. After the ad campaign runs, Red Hornet notices a drop in its energy drink sales.
a. What specific type of tort case against the business would this be? Explain.
b. What conditions does the plaintiff need to prove? What specific proof (if any) does the plaintiff have in this scenario? Organize this information into a table.
c. What penalty may the defendant expect (if any) as the outcome of this tort case, and why?
3. Larissa works at Opalescent, a high-end jewelry store. A customer comes in on a very busy day and complains about how long it takes for anyone to assist him. Larissa apologies, but the customer continues to complain. The customer, a very large man, soon begins insulting her personally and threatening her with violence. Larissa hits him with pepper spray, incapacitating him.
a. What specific type of tort case against the business would this be? Explain.
b. What conditions does the plaintiff need to prove? What specific proof (if any) does the plaintiff have in this scenario? Organize this information into a table.
c. What penalty may the defendant expect (if any) as the outcome of this tort case, and why?
Please Help:)
Answer:
ok
Explanation:
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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what is the difference of communism and socialism?
Wich of the following accounts is credited after the sale of a fully depreciated asset
Answer:
Relevant asset account is credited
the need to exchange goods with others, which was a major stimulus to the development of cities, was created by
The specialization of work led to the necessity to exchange goods with others, which was a significant factor in the growth of cities.
When businesses separate their production or service process into many fixed tasks, specialization of labor, also known as division of labor, develops. Employees don't complete numerous tasks themselves; instead, they repeat a single step of the production process.
Workers are able to concentrate on a few or even one task because labor is distributed among them. They become more proficient at a task the more they concentrate on it, which reduces the time and cost necessary to produce a good.
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Tickets to a lottery cost $1. There are two possible prizes: a $10 payoff with probability 1/50, and a $1,000,000 payoff with probability 1/2,000,000. What is the expected monetary value of a lottery ticket? When (if ever) is it rational to buy a ticket? Be precise-show an equation involving utilities. You may assume current wealth of $k and that U(Sk) = 0. You may also assume that U(Sk+10) = 10 * U(Sk+1), but you may not make any assumptions about U (Sk+1,000,000) Sociological studies show that people with lower income buy a disproportionate number of lottery tickets. Do you think this is because they are worse decision makers or because they have a different utility function? Consider the value of contemplating the possibility of winning the lottery versus the value of contemplating becoming an action hero while watching an adventure movie.
The expected monetary value (EMV) of a lottery ticket is calculated by taking the sum of each possible payoff multiplied by the probability of that payoff occurring. In this case, the EMV would be (1/50)*($10) + (1/2,000,000)*($1,000,000) - $1, which simplifies to $-0.49.
On average, a player can expect to lose 49 cents for every ticket they purchase.
It is rational to buy a lottery ticket when the expected utility of buying the ticket is greater than the expected utility of not buying the ticket. This can be represented by the equation: EU(lottery) = (1/50)*U(Sk+10) + (1/2,000,000)*U(Sk+1,000,000) - U(Sk+1), where EU(lottery) is the expected utility of buying the lottery ticket and U(Sk+1) is the current utility of the player's wealth.
The decision to purchase a lottery ticket may be influenced by a variety of factors, including the player's risk tolerance and their personal utility function. It is possible that people with lower incomes may have a different utility function that places a higher value on the potential payoff of the lottery, or they may simply be more willing to take risks.
The value of contemplating the possibility of winning the lottery versus becoming an action hero while watching a movie depends on the individual's personal preferences and values. Some people may find the idea of winning a large sum of money to be more exciting or desirable than the idea of being an action hero, while others may find the opposite to be true. Ultimately, the value of these contemplations is subjective and varies from person to person.
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Kitchen chairs are purchased wholesale for $36 each by a discount furniture store. Then, the store marks up the chairs by 60 percent. The store has a special sale where all items are marked down by 20 percent. How much would two chairs cost during the sale? $46. 08 $57. 60 $92. 16 $115. 20.
Answer:
46.08 * 2 = 92.16
Explanation:
starts at 36, mark up by 60%
36 + 0.60(36) = 36 + 21.60 = 57.60
now they mark it down by 20%
57.60 - 0.20(57.60) = 57.60 - 11.52 = 46.08
46.08 * 2 = 92.16
Deciding whether to use scratch cookery or purchase convenience (partially prepared) items is part of which of the 5 'm's?
The decision of whether to use scratch cookery or purchase convenience (partially prepared) items is part of the "Method" element of the 5 'M's of menu planning.
The methods, tools, and procedures utilised to prepare the menu items are referred to as the method. It includes decisions about how to prepare and cook the food, whether to use fresh ingredients or pre-made ones, and how to serve and show the finished dish.
The end product's quality, the kitchen's effectiveness, and the cost of the menu item can all be significantly impacted by the decision to use convenience foods instead of scratch-cooked food. Chefs and foodservice managers must carefully weigh the benefits and drawbacks of employing convenience meals against cooking from scratch (which may take more time, skill, and ingredients) (which may offer consistency, convenience, and cost savings).
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A direct relationship in which two factors increase together or decrease together represents:_________
A direct link in which two variables rise or decrease together is called a positive correlation.
What is the positive correlation?Two variables that move together, or in the same direction, are said to have a positive correlation.
When one variable rises while the other rises or when one variable falls while the other falls, there is a positive correlation.
A positive correlation is a direct relationship in which two variables rise or fall together.
When two variables behave in unison, rising or falling in lockstep with one another, there is a positive correlation.
When two variables move in opposition to one another—that is, when one rises, the other falls—this is known as a negative correlation.
A scale from + 1 to -1 is used to calculate the correlation coefficient.
Either + 1 or -1 represents a variable's complete connection with another.
Therefore, a direct link in which two variables rise or decrease together is called a positive correlation.
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What is one reason to keep detailed patient records?
• A. To justify a breach of duty when it is called for
•
B. To have proof that the patient consents to treatment
•
C. To share them publicly if the patient becomes problematic
•
D. To help protect against malpractice cases and damages
The one reason to keep detailed patient records is To have proof that the patient consents to treatment. Thus the correct option is B.
In cases of medical negligence, the records of the patient give a precise and understandable description of a patient's medical history, treatments, and progress. This act is evidence that the given treatment is with the consent of the patient.
By serving as a foundation for ongoing assessments, planning, and evaluations of patient's health status, thorough records can guarantee that patients receive the best care available.
Therefore, option B is appropriate
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The customer carlotta is calling on today has a(n)________ buying center culture. this means that the decision process will involve reaching agreement among all members of the buying center.
The customer Carlotta is calling on today has a participative buying center culture.
This means that the decision-making process will involve reaching agreement among all members of the buying center.
In a participative buying center culture, all members of the buying center are actively involved in the decision-making process. They collaborate, share information, and discuss options in order to reach a consensus. This approach ensures that all perspectives are considered and that everyone's needs and preferences are taken into account.
For example, in Carlotta's case, if the buying center consists of individuals from different departments such as marketing, finance, and operations, they will all be involved in the decision-making process. They will discuss and evaluate various options, considering factors like cost, quality, and suitability to their specific department's requirements. Through open communication and consensus-building, the buying center will make a collective decision.
Overall, the participative buying center culture promotes collaboration and inclusiveness, leading to more informed and well-rounded decisions.
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The customer Carlotta is calling on today has a consensus-oriented buying center culture. This means that the decision-making process will involve reaching agreement among all members of the buying center.
In a consensus-oriented buying center culture, all members of the buying center have an equal say in the decision-making process. They work together to reach a unanimous agreement on the final decision. This culture values input and opinions from all members, and decisions are not made until everyone is on board.
To explain this further stepwise:
1. Consensus-oriented buying center culture: This refers to a culture where the buying center, which consists of individuals involved in the decision-making process, seeks consensus and agreement among all members.
2. Decision-making process: In this culture, the decision-making process involves active participation and collaboration from all members. Each member has the opportunity to express their opinions and concerns.
3. Reaching agreement: The main goal of a consensus-oriented culture is to reach a unanimous agreement. This means that all members need to come to a consensus on the final decision before it is made.
To illustrate this concept with an example, let's say Carlotta is trying to sell a new software solution to a company. The buying center for this decision includes representatives from different departments such as IT, finance, and operations. In a consensus-oriented buying center culture, Carlotta will need to engage with each member of the buying center and address their concerns and requirements. The decision to purchase the software will only be made if all members reach an agreement and are satisfied with the proposed solution.
In conclusion, a consensus-oriented buying center culture means that the decision-making process involves reaching agreement among all members of the buying center. This culture values input from all members and aims to make decisions through consensus rather than individual preferences or authority.
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bradley company sells a product that has variable costs of $51 each and a sales price of $76 each. bradley has fixed costs of $102,500 and a desired profit of $27,500. if the company is able to reduce its variable cost per unit to $36 while holding all other items constant, the number of units that must be sold to earn the desired profit will
The response is that it drops by 1,875. (Choice b)
How many units must be sold in order to get the desired profit?Costs that vary according on how much of a good or service a company produces are known as variable costs. The total of marginal costs across all units produced represents variable costs. They may also be regarded as typical expenses. The current sales volume needed to generate a $25,000 profit is calculated as follows: ($25,000 + $100,000) / ($75 - $50) = 5,000. The amount of sales needed following the cost reduction to generate a profit of $25,000 is calculated as follows: ($25,000 + $100,000) / ($75 - $35) = 3,125 (desired profit + fixed cost) / ($selling price - new variable costs per unit).
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interview any business owner on impact of crime
Answer:
Businesses that had been affected by crime were found to be 17 to 22 percent less likely to increase employment. Almost half the businesses said that fear of crime among their clients or customers had had a negative impact on their businesses. This figure was particularly high in townships and inner city locations.
Explanation:
I hope this helps you sorry if it doesn’t
What protects consumers against harm from products on the market? Franchises Profit Motives Private property rights Government Regulations
Maria is considering various business entity types in order to set up her new business. She wants to know which entities are subject to double taxation. You tell her that the entities subject to double taxation are:
Answer:
1. Corporations
2. Limited liability companies that are elected to be treated as corporations
Explanation:
Double taxation is when tax has to be paid two times on on the same particular source of income. A corporation pays tax at 2 levels. That is at the personal level and sat the business level. From dividends, taxes are paid by shareholders, corporations pay taxes on what they also warn annually.
Entities subject to double taxation includes, corporations and the limited liability companies treated as corporations.
when a c corporation must file its tax return
A C corporation must file its tax return on or before the 15th day of the fourth month after the close of its tax year. Generally, for most corporations, the tax year ends on December 31, and the return is due on April 15th of the following year.
However, for corporations that use a fiscal year, their return is due on the 15th day of the fourth month after the close of their fiscal year. For a C corporation, the IRS requires that the return be filed even in instances where the corporation has no taxable income.
The return must include financial information such as income, deductions, and credits, as well as the balance sheet and statement of stockholders' equity. Additionally, all applicable tax payments must also be made at the time of filing.
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