The following details must be provided in intermediate results for each reporting entity in accordance with U.S. GAAP: revenues from non-internal consumers. Revenues from segments. Profit or loss by segment.
What would you say is a revenue?According to the definition, revenue is the total sum of money obtained through conducting trade and commerce like sales. It is sometimes referred to as sales on the income statement. It is known as the top line since it appears first on any company's income statement.
Do sales constitute revenue?Some businesses incorrectly conflate the phrases sales and revenue. Despite the fact that sales are a source of revenue, not all revenue does. In reality, they are the same for many businesses. However, some businesses consistently generate additional revenue through their daily operations.
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Kyle made a down payment of $850 towards his car loan. He will be paying $415 every month for 24 months.
two examples of an independent contractor a business may hire
Answer:
Electricians, plumbers, carpenters
Explanation:
Recently, Mike Cichanowski, owner and CEO of Current Designs, received a phone call from the president of a brewing company. He was calling to inquire about the possibility of Current Designs producing "floating coolers" for a promotion his company was planning. These coolers resemble a kayak but are about one-third the size. They are used to float food and beverages while paddling down the river on a weekend leisure trip. The company would be interested in purchasing 100 coolers for the upcoming summer. It is willing to pay $250 per cooler. The brewing company would pick up the coolers upon completion of the order.
Current Designs, led by CEO Mike Cichanowski, received an inquiry from the president of a brewing company regarding the production of "floating coolers." These coolers, resembling miniature kayaks, would be used to transport food and beverages during leisure trips down the river. The brewing company is interested in purchasing 100 coolers for the upcoming summer, offering a price of $250 per unit.
Current Designs, a company specializing in kayak production, has caught the attention of a brewing company's president who is seeking a unique promotional item. The president contacted Mike Cichanowski, the owner and CEO of Current Designs, to explore the possibility of manufacturing "floating coolers." These coolers, smaller in size compared to kayaks, are designed to float on the water while carrying food and drinks during recreational river trips.
The brewing company aims to acquire 100 of these floating coolers to support an upcoming summer promotion. They have offered to pay $250 per cooler and would arrange for their pickup once the order is completed. This opportunity presents a potential business venture for Current Designs to diversify its product range and cater to a new market segment.
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Quality management at Chiyeyeye Enterprise LTD. Quality has become a very important dimension of chiyeyeye enterprise operations, a company wholly owned by Zambia and dealing in, production , general trading and hospitality. Producing the items in required quantities at the right time I not enough to satisfy customers. Customer demands that quality be incorporated in the product and in the service that go along with it is a norm at Chiyeyeye Enterprise. People appreciate that without quality every other things that Chiyeyeye enterprise does loses relevance. Thus, quality is a strategy for survival and for expending the markets at Chiyeyeye. Quality is a marketing strategy to enter a market or to compete with exiting producer in the sector in which chiyeyeye enterprise operates. For Chiyeyeye, quality is a foundation for achieving customer satisfaction. Brands at Chiyeyeye get created as a consequence of that.
Answer the question based on case study
1. what are the quality dimensions adopted by Chiyeyeye Enterprise
Limited?
2. Explain the concept of quality quality at source adopted by Chiyeyeye
Enterprise Limited?
3. How has Chiyeyeye used quality as a Competitive tool?
4. what is the quality strategy used by chiyeyeye as a business model?
5. How can chiyeyeye apply quality principles such as Deming 14
principles, Crosby’s absolutes of quality and TQM?
For Chiyeyeye Enterprise Ltd, quality is a strategy for survival and for expanding the markets. The following are the quality dimensions adopted by Chiyeyeye Enterprise Limited:
a) Leadership
b) Continuous Improvement
c) Factual approach to decision making
d) Systematic Approach
Leadership - Create and maintain an internal environment in which people can become fully involved in achieving the organization's objectives.
Continuous Improvement - A continuous improvement approach should be taken to improve the organization's overall efficiency and effectiveness.
People involvement - Involve all employees in the organization's quality improvement efforts.
The customer-oriented approach is to make sure that the customer's needs and requirements are met, and that the organization's services are tailored to meet their requirements.
Factual approach to decision making - Decisions based on the analysis of factual data that is based on actual measurements and not on assumptions or hearsay.
Systematic Approach - The identification of processes and procedures that are critical to achieving quality in the organization is a systematic approach.
2. Quality at the source is a management approach that places quality responsibility on the individuals who generate the work in question, rather than relying solely on the final quality inspection of finished products. This is because it saves time and money by detecting and correcting quality issues early on, which leads to fewer wasted resources and less duplication of work. Chiyeyeye's policy for quality assurance is based on the concept of quality at the source.
3. Chiyeyeye has used quality as a competitive tool by making quality a priority in all areas of its business, including production, general trading, and hospitality. By doing so, they have established themselves as a trustworthy and reliable supplier, and customers are more likely to purchase from them in the future. Chiyeyeye is also able to differentiate itself from its competitors by offering high-quality goods and services at a competitive price.
4. Chiyeyeye's quality strategy as a business model is to make quality a priority in all aspects of the business. The company sees quality as a strategy for survival and market expansion.
5. To apply quality principles such as Deming 14 principles, Crosby’s absolutes of quality, and TQM, Chiyeyeye must:
Involve all employees in the organization's quality improvement efforts.
Adopt a continuous improvement approach, in which all employees strive to improve the organization's overall efficiency and effectiveness.
Collect and analyze data to make informed decisions.
Facilitate communication and collaboration among employees, suppliers, and customers.
Establish quality metrics and evaluate performance regularly.
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prime corporation's building was destroyed by a tornado. the fair market value of the building at the time of the tornado was $400,000 and its adjusted basis was $350,000. the insurance proceeds totaled $500,000; $400,000 for the building and $100,000 for lost profits during rebuilding. prime does not defer any gain under the involuntary conversion provisions of code sec. 1033. what amount of the insurance proceeds is taxable to prime?
The taxable amount of insurance proceeds to Prime Corporation is $50,000, which is the realized gain on the involuntary conversion.
In this scenario, Prime Corporation's building was destroyed by a tornado, and the insurance proceeds received for the loss totaled $500,000, out of which $400,000 was for the building, and $100,000 was for lost profits during rebuilding. Prime Corporation has not deferred any gain under the involuntary conversion provisions of Code Sec. 1033.
The taxable amount of the insurance proceeds is calculated as follows:
Determine the adjusted basis of the property destroyed: $350,000.
Determine the amount of the insurance proceeds received: $400,000.
Calculate the realized gain on the involuntary conversion: $50,000 ($400,000 - $350,000).
Allocate the total insurance proceeds between the building and the lost profits based on their respective fair market values: $400,000/$500,000 x $500,000 = $400,000 for the building and $100,000 for lost profits.
Calculate the amount of insurance proceeds taxable to Prime Corporation: $50,000 - $0 = $50,000.
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assume that the price of a weekend ski pass is $45 and that the price reflects the actual unit cost of providing a weekend of skiing. how much consumer surplus accrues to anna and clem individually? question 13 options: $125 and $20 respectively $105 and $30 respectively $85 and $40 respectively $65 and $50 respectively
Consumer surplus accrues to Anna and Clem individually is $105 and $30 respectively. So the option B is correct.
Consumer surplus is the difference between the price a consumer is willing to pay for a good or service and the actual price of the good or service.
In this case, Anna and Clem are both willing to pay more for a weekend ski trip than the actual cost of the ski pass ($45).
Therefore, Anna's consumer surplus is the difference between the value she places on the ski trip ($150) and the cost of the ski pass ($45), which is $105.
Surplus accrues to Anna = Value of weekend Ski trip of Anna - The price of a weekend ski pass
Surplus accrues to Anna = $150 - $45
Surplus accrues to Anna = $105
Similarly, Clem's consumer surplus is the difference between the value she places on the ski trip ($75) and the cost of the ski pass ($45), which is $30.
Surplus accrues to Clem = Value of weekend Ski trip of Clem - The price of a weekend ski pass
Surplus accrues to Clem = $75 - $45
Surplus accrues to Clem = $30
So the option B is correct.
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The complete question is:
Person Value of weekend Ski trip(Dollars)
Anna 150
Brian 90
Clem 75
Dave 50
Assume that the price of a weekend ski pass is $45 and that the price reflects the actual unit cost of providing a weekend of skiing. How much consumer surplus accrues to Anna and Clem individually?
A. $125 and $20 respectively
B. $105 and $30 respectively
C. $85 and $40 respectively
D. $65 and $50 respectively
how many months weeks days are in 157 days?
If on receiving a checking deposit of $300 a bank's excess reserves increased by $255, the required reserve ratio must be
If on receiving a checking deposit of $300 a bank's excess reserves increased by $255, the required reserve ratio must be 15%.
What is the required reserve ratio?The required reserve ratio is the fraction of deposits that the Federal Reserve requires banks to hold as reserves.
The reserve ratio can be computed by dividing the difference between the deposit and the increase in excess reserves by the original deposit and multiplying by 100.
Data and Calculations:Checking deposit = $300
Increase in excess reserves = $255
Required reserve = $45 ($300 - $255)
Reserve ratio = 15% ($45/$300 x 100)
Thus, if on receiving a checking deposit of $300 a bank's excess reserves increased by $255, the required reserve ratio must be 15%.
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A car dealer is organizing his inventory into three types. gas-based, electric, and hybrid. Which data type would most appropriate for this task? Numerical Ordinal Categorical
The most appropriate data type for this task is categorical. Categorical data is data that can be separated into groups or categories, such as the types of cars in the dealer's inventory. It can be further classified into nominal, ordinal, and dichotomous categories.
In this case, the dealer is organizing their inventory into three types: gas-based, electric, and hybrid. This type of data is called nominal data, which is used to identify the name of a group or category without any sort of ranking or order.
For example, the dealer has three types of cars: gas-based, electric, and hybrid. Each of these types can be categorized separately, with no order of preference or importance. In other words, there is no need to rank the types of cars from least to most important, as they are all equally important to the dealer.
In conclusion, the most appropriate data type for this task is categorical, specifically nominal data, since it can be used to identify the name of a group or category without any sort of ranking or order.
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A former Wells Fargo employee realized that what she was asked to do by her managers was not ethical and after deliberation she decided to "push back and refused to meet the sales goals because, she told her managers, there was no ethical way to do it." If instead, she had said, "I do not want to lose my job over this" and proceeded to engage in fraudulent activities, at which of the following stages (Rest's ethical decision-making model) would her moral decision-making have failed?
a) moral judgement
b) moral recognition
c) moral awareness
d) moral intent
Answer:
moral intent
Explanation:
What should a company do to get immediate customer feedback about a product
Answer:
ig it would be email lol i need points
Based on national and local news reports, is economic growth in the United States growing at a mild or rapid rate? How do you know
Based on national and local news reports, the economic growth in the United States is growing at a rapid rate. The growth rate of the US economy in the second quarter of 2021 was 6.5%, as per the report by the Bureau of Economic Analysis.
This reflects the broad recovery in the US economy, which was badly impacted by the Covid-19 pandemic. The growth rate was mainly due to the government stimulus measures, including the American Rescue Plan. This plan helped in boosting consumer spending, leading to higher economic growth.In addition, the job market also showed positive growth with an increase in the number of employed people. Unemployment rates have been dropping as the economy reopens after the pandemic. However, there have been some concerns regarding inflation, which has been rising steadily. This is due to a shortage of raw materials and labor, causing a delay in production. The higher inflation may lead to a decrease in spending, resulting in a slow down of the economy.
Therefore, the economic growth in the US is growing at a rapid rate as per national and local news reports. The government's stimulus packages have been successful in providing support to businesses and consumers, resulting in higher economic growth.
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What should you, the worker, be aware of with regard to evacuation procedures at your workplace?
(select two answers)
(a) when you get back into the building
(b) evacuation plans
(c) what to do when the emergency has passed
(d) how long the emergencies will last
With regard to evacuation what one has to be aware of would be
evacuation planshow long the emergencies will lastWhat is meant by evacuation?This is the term that is used to refer to all that would have to be done in order to get all the occupants of a building out of it due to an emergency that is occurring in the building. The need for evacuation is often due to emergency that could cause a loss of life. An example of such incidence would during a fire outbreak.
Hence we can say that With regard to evacuation what one has to be aware of would be
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The air flowing inside a turbine is classified as a type of flow __
internal
external
open channel
The air flowing inside a turbine is classified as a type of flow Internal.
The air flowing inside a turbine is classified as a type of flow internal. Air flowing inside a turbine is an internal flow because the fluid (air) is completely enclosed by the solid walls of the turbine. The turbine blades are designed to convert the energy of the flowing air into mechanical energy, which can be used to power other machinery.
Internal flow refers to the flow of fluid in a completely enclosed system, such as pipes, channels, or ducts. It is opposed to external flow, which refers to the flow of fluid in open systems, such as over the surface of an airplane wing or through a river channel. The air flowing inside a turbine is completely enclosed by the solid walls of the turbine, so it is an example of internal flow.
Thus, it can be concluded that the air flowing inside a turbine is classified as a type of internal flow.
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When A customer returns goods to the business
Answer:
If there's no options to select it would be a refund which that customer can exchange that item for a different or identical item or they can get store credit or money back
Explanation:
PLEASE HELP WILL MARK BRAINLIEST
Answer:
the answer is true
Explanation:
If a firm follows the residual distribution policy, what actions can it take when its forecasted retained earnings are less than the retained earnings required to fund its capital budget?
If a firm follows the residual distribution policy and its forecasted retained earnings are less than the retained earnings required to fund its capital budget, it can take several actions to address this situation.
One option is to prioritize the capital budget by reducing or postponing certain projects or investments. By carefully evaluating the importance and potential return of each project, the firm can choose to allocate the limited retained earnings to the most critical and promising initiatives.
Another action the firm can take is to seek external financing, such as loans or equity investments, to bridge the gap between the forecasted retained earnings and the required funding. This can involve approaching banks, venture capitalists, or other potential investors to secure additional capital.
Furthermore, the firm may consider alternative sources of financing, such as leasing or partnerships, to acquire the necessary assets or resources for its capital budget. These alternatives can help reduce the reliance on retained earnings and provide more flexibility in funding the capital projects.
Overall, when a firm following the residual distribution policy faces a shortfall in forecasted retained earnings compared to the required funding for its capital budget, it can prioritize projects, seek external financing, and explore alternative sources of funding to address the situation.
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Marginal revenue product is the: a. change in total output resulting from a unit change in the quantity of a variable input. b. price of the output multiplied by the total units of output produced. c. change in total cost resulting from a unit change in the quantity of a variable input. d. ratio of total revenue to the quantity of a variable input employed. e. change in total revenue resulting from a unit change in the quantity of a variable input.
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
Can't we run a business without training?
yes definitely.......
Analyse, one way a country is likely to
benefit from the expansion of its
business
enterprises.
Answer:
earning of foreign and upliftment of the host country.
Explanation:
as a bussiness expands into other countries the profits it makes if it becomes successful are retained back to the host country as retained profits and this changes the economy as government earns part pf the revunue due to the tax earnings
What is the dollar amount of total variable costs at the production level of 400 units?
The dollar amount of total variable costs at the production level of 400 units can be determined by multiplying the variable cost per unit by the number of units produced.
To calculate the total variable costs, you need to know the variable cost per unit. Let's assume the variable cost per unit is $10.
Firstly, calculate the total variable costs for 400 units.
Total variable costs = Variable cost per unit * Number of units produced
Total variable costs = $10 * 400
Total variable costs = $4,000
Therefore, at the production level of 400 units, the dollar amount of total variable costs is $4,000.
It's important to note that the variable cost per unit may vary depending on factors such as the type of production, materials used, and labor costs. This calculation assumes a constant variable cost per unit.
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Which of the following is NOT a piece of evidence for the investor underreaction? A. Stocks with higher standardized unexpected earnings tend to earn higher returns in the future. B. The stock market index excess returns are positively autocorrelated at the monthly frequency. C. Stocks with higher returns in the last six months tend to earn higher returns in the future. D. The stock market index excess returns are negatively autocorrelated at the three to five year horizons. QUESTION 5 Which of the following statements regarding overreaction is FALSE? A. After observing a sequence of good news, investors overestimate the chance of a good news next time. B. A high dividend yield tend to predict a high subsequent return. C. The returns following a sequence of good news are on average lower than those following a sequence of bad news. D. After making the standard risk adjustments, the differences in the future returns between the stocks with extremely poor returns over the previous three years and the stocks with extremely high returns disappear.
A. Stocks with higher standardized unexpected earnings tend to earn higher returns in the future is NOT a piece of evidence for investor underreaction. B. The statement "A high dividend yield tends to predict a high subsequent return" is FALSE.
A. Stocks with higher standardized unexpected earnings tend to earn higher returns in the future is NOT a piece of evidence for investor underreaction.
Investor underreaction refers to the phenomenon where investors do not fully incorporate all available information into stock prices, leading to slower adjustment to new information. Evidence for investor underreaction typically involves situations where past information or performance predicts future returns. However, in this case, higher standardized unexpected earnings predicting higher future returns indicates a proper reaction to new information, rather than underreaction. Therefore, option A is the correct answer.
B. The stock market index excess returns are positively autocorrelated at the monthly frequency is a piece of evidence for investor underreaction. Positive autocorrelation implies that past returns predict future returns, which suggests that investors are not fully incorporating all available information and are slow to react.
C. Stocks with higher returns in the last six months tend to earn higher returns in the future is a piece of evidence for investor underreaction. This indicates that investors are not fully incorporating recent performance into their expectations and are slow to adjust to new information.
D. The stock market index excess returns are negatively autocorrelated at the three to five-year horizons is a piece of evidence for investor underreaction. Negative autocorrelation suggests that high past returns predict lower future returns, indicating a delayed reaction by investors.
In summary, option A (Stocks with higher standardized unexpected earnings tend to earn higher returns in the future) is NOT a piece of evidence for investor underreaction, while options B, C, and D are consistent with investor underreaction.
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Why does the quantity of salt demanded tend tobe un responsive to changes in its price
The quantity of salt demanded tend tobe un responsive to changes in its price because salt is an inelastic good, the quantity demanded is unresponsive to price changes. This means that regardless of the price change, people will still buy it.
Salt is a product with a limited number of substitutes, and people may not spend a lot of money on it, so price increases do not bother them. Furthermore, it is a necessity with no close substitutes.
Thus, the demand for salt is inelastic i.e. any change in its price will not affect demand.
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Segmented income statements ______. Multiple choice question. may be prepared for activities at many levels in a company should only be used for profit centers are best used to determine which locations are profitable, rather than which product lines are profitable may be prepared for the various departments in the company, but not for specific product lines
Answer:
may be prepared for activities at many levels in a company
Explanation:
Income statement shows the revenues and expenses that a business unit has over a specific period.
Segmented income statement is used to show details of revenue and expenses of different units of an organ at the same time.
It could be arranged by location, product line, department, territory, or sales person.
When the revenues and expenses of different departments is displayed together it helps management make comparison to identify underperforming departments, which helps in planning intervention to boost profit in those departments.
Metro, Inc. Sells backpacks. The Company's accountant is preparing the purchases budget for the first quarter operations. Metro maintains ending inventory at 20% of the following month's expected cost of goods sold. Expected cost of goods sold for April is $70,000. All purchases are made on account with 25% of accounts paid in the month of purchase and the remaining 75% paid in the month following the month of purchase. Sales January February March Budgeted cost of goods sold $ 40,000 $ 50,000 $ 60,000 Plus: Desired ending inventory 10,000 Inventory needed 50,000 Less: Beginning inventory (8,000 ) Required purchases $ 42,000 Based on this information the total cash paid in March to settle accounts payable is
The total cash paid in March to settle accounts payable is $10,500 + $11,250 = $21,750.
To calculate the total cash paid in March to settle accounts payable, we need to consider the purchases made in February and March.
In February, the purchases were $42,000 * 25% = $10,500. This amount is paid in the month of purchase, so there is no outstanding payment for February purchases in March.
In March, the purchases were $60,000 * 25% = $15,000. Since 75% of accounts are paid in the month following the month of purchase, we need to calculate 75% of March purchases that are paid in March. 75% of $15,000 = $11,250.,the total cash paid in March to settle accounts payable is $10,500 + $11,250 = $21,750.
The purchases budget is prepared to estimate the amount of inventory that needs to be purchased during a specific period. It takes into account the expected cost of goods sold and the desired ending inventory. In this case, the expected cost of goods sold for April is given as $70,000. By subtracting the beginning inventory and adding the desired ending inventory, the required purchases for the first quarter are calculated.
The payment terms for the purchases are also considered in the budget. It is stated that 25% of accounts are paid in the month of purchase and the remaining 75% is paid in the following month. This means that a portion of the purchases made in February is paid in February itself, while the remaining portion is paid in March. Similarly, a portion of the purchases made in March is paid in March.
To determine the total cash paid in March to settle accounts payable, we need to calculate the amount of purchases that are paid in March. This includes the 25% of March purchases that are paid in March itself and the outstanding payment for the remaining 75% of February purchases. By adding these two amounts, we can find the total cash paid in March. In this case, the total cash paid in March to settle accounts payable is $21,750.
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Jerome Garcia started a new business and completed these transactions during August:
1 Garcia invested P48,000 cash in the business.
1 Rented office space and paid P800 cash for the August rent.
3 Purchased exploration equipment for P22,000 by paying P12,000 cash and agreeing to pay the balance in 3 months.
5 Purchased office supplies by paying P1,500 cash.
15 Completed exploration work and immediately collected P420 cash for the work
8 Purchased P1,350 of office equipment on credit.
15 Completed exploration work on credit in the amount of P8,000.
18 Purchased P700 of office supplies on credit.
20 Paid cash for the office equipment purchased on August 8.
24 Billed a client P2,400 for work completed; the balance is due in 30 days.
28 Received P5,000 cash for the work completed on August 15.
30 Paid the assistant’s salary of P1,100 cash for this month.
30 Paid P340 cash for this month’s utility bill.
30 Garcia withdrew P1,050 cash from the business for personal use.
Required
1. Arrange the following asset, liabilility , and equility titles in a table: Cash: Accounts Receivable: Office Supplies: Exploration Equipment: Accounts Payable: Jerome Garcia: Capital: Jerome Garcia: Withdrawals: Revenues: and Expenses.
2. Use additions and subtractions to show the effects of each transaction on the accounts in the accounting equation. Show new balances after each transaction.
Answer:
im not sure but i think it was 800,00
Explanation:
A basic tool of accounting is the accounting equation. Here, the assets should always be equal to the liabilities and capital.
What is Accounting Equation?
This equation represents resources controlled by the business's current business liability and residual interest in ownership of assets.
It says assets should always be equal to liabilities and capital.
Assets = Liabilities + Capital
The calculation of the assets, liabilities and capital are shown in the image below:
Hence, refer to the image below to see the accounting equation with the given below information.
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Why would an insurance company charge an inexpensive copay when considering claims that will likely be hundreds or thousands of dollars?
1. Why would a potential sponsor be interested in an organization's market reach?
Answer:
A potential sponsor would be interested in an organizations market reach because they want to know the estimated number of consumers the organization markets to. A sponsor isn’t interested in a small market
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which one of the following accurately represents the general tax consequences to an employer and employee under a nonqualified plan? An employer receives an immediate deduction for a contribution for an employee when paid, and the employee will recognize income when the amount is credited to his or her account is nonforfeitable.
An employer does not receive a deduction for a contribution to an employee until the employee recognizes the income upon receipt.
An employer receives a deduction when asset investments are made to informally fund an employee's nonqualified plan benefit and the employee recognizes an identical amount as income at the same time.
An employer receives a deduction for a contribution to an employee when paid, and the employee will not be taxed on the contribution until it is withdrawn.
An employer does not obtain a deduction for an employee contribution until the employee acknowledges the income at the time of receipt. This accurately represent the general tax.
What is the purpose of general taxes?General sales taxes are levied on consumer purchases of goods and services. The tax is computed as a percentage of the retail price and is added to the consumer's ultimate purchase price. Sales taxes on everyday goods are different from those on specialty goods like alcohol, cigarettes, and motor fuel. The federal government invests in the nation and provides goods and services to the citizens of the United States using the money you pay in taxes. The following are the top three expense categories: Two important healthcare systems are Medicare and Medicaid.
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If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.