Data governance refers to the overall management of the availability, usability, integrity, and security of company data the practice of gathering data .
Data management is the process of collecting, storing, organizing, maintaining, retrieving, and making use of data in an efficient and effective manner. It also includes the processes, procedures, and equipment used in this process.Data management, to put it simply, is the process of putting into action the procedures and policies that have been established by data governance in order to collect and make use of the data for decision-making.
Information administration is the method involved with guaranteeing that information is dependable, precise, accessible, and useable. The steps people need to take, the procedures they need to follow, and the technology that will help them are all laid out in the data life cycle.
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What are three ways to make money through investing in real estate?
Answer:
There are three primary ways investors could potentially make money from real estate: An increase in property value. Rental income collected by leasing out the property to tenants.
Answer: By a sudden positive change in the economy, by renting out residences or land to customers, or by being smart about when and how the properties are put up for sale or rent
Explanation:
Miguel is vice president of marketing at xyz corp. He is disappointed to learn that the vice president of sales at xyz earns 20 percent more than he does despite the two positions having similar levels of responsibility and impact. In this example, what method is miguel using to evaluate the fairness of his pay?
Miguel holds the position of vice-president of marketing at xyz Corp. Because Miguel ended up having $35 more so than he did, he is unsatisfied.
What are the many types of marketing?The 4 P are a "combination of strategies" that includes four crucial elements for selling a product or service product, price, place, and marketing. Businesses frequently consider the four Ps when creating plans and objectives for reach their intended audiences.
What is an effective marketing example?In a word, it is an effort to make customers aware of a business's offers, which can include both physical goods for sale or services rendered. Advertising on television, on billboards along the highway, and in magazines are all common examples of marketing in action.
Briefing
He spends $35 × 4 = $140.
He earns $21 × 5 = $105.
His net increase is $105 -140 = -$35.
Miguel ends up with $35 less than he started with.
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Watchez Corporation has recently launched a high-end watch. What kind of corporate financial planning must it take into account?
A)ways to curb variable expenses
B)ways to offset the limited economic benefits
C)ways to reduce fixed expenses
D)ways to reduce labor turnover
The best corporate financial planning to be taking into account for the product launch is the ways to curb variable expenses.
What is the reason for curbing of variable expenses?In a manufacturing process, it is known that the variable expenses flunctuates to any level and can lead to high cost of operation if care are not exercise by the firm.
Hence, in order to remain at profitable level, the best financial planning for the product launch is the ways to curb variable expenses.
Therefore, the Option B is correct.
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You have a credit card account with a previous balance of $635. You added two additional purchases for $75 and $50 during this billing period. You made a payment of $150. Your APR is 16. 5%. Using the adjusted balance method, what is your new balance?
The new balance of the credit card account using the adjusted balance method is $618.39.
What is the adjusted balance method?The adjusted balance method is a credit card accounting method that bases finance charges on the adjusted ending balance of the account.
This implies that the finance charge is computed on the amount the cardholder owes at the end of the current billing cycle after posting both credits and payments to the account.
Data and Calculations:Beginning balance $635
Purchases 75
Purchases 50
Payment (150)
Adjusted balance $610
Finance Charges 8.39 ($610 x 16.5% x 1/12)
Ending balance $618.39
Thus, the new balance of the credit card account using the adjusted balance method is $618.39.
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If you were the leader of a special-purpose team developing a new computer game and conflicts arose related to power and status differences among team members, what would you do? How might you use the various conflict-resolution techniques
Mavis, a corporate buyer, is busy reviewing price quotations on several suppliers' Web sites. She clicks items on one supplier's quotation form and enters the desired delivery date to find out whether they can deliver them on time. Which stage of the model for e-commerce is Mavis in
Mavis is in the selection and negotiation stage in the e-commerce model, which will help in making effective decisions.
What is the selection and negotiation stage?It corresponds to the stage of preparation, discussion and clarification of objectives, as the focus is that the selection and negotiation of suppliers take place in a win-win process, with a favorable agreement for both parties.
Therefore, the selection and negotiation stage is essential for an organization to acquire essential resources to implement a strategic course of action to achieve its objectives.
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Your merchant fee is 2.5%. Your
customers paid you $500,000
through credit cards. What fee
must you pay the credit card
company?
$ [?]
The fee must you pay the credit card company is $12,500.
What is a credit card?A credit card is said to be a type of plastic money that allows an individual to purchase goods on credit and pay back the amount later on some specified rate of interest being charged on it.
In order to avoid excessive spending, one should keep in mind that if a credit card debt is left unpaid at the end of the credit limit, interest will be imposed on the remaining balance.
When a consumer uses their credit or debit cards to purchase goods or services from a business, the merchant's bank balance must pay transaction fees called merchant fees.
The calculation for merchant fees is
The merchant fee will be 2.5% of $500,000
=2.5/100 x $500,000
=0.025 x $500,000
=$12,500
Therefore, the amount paid as a fee will be $12,500.
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Tying is a form of price discrimination in which one good called the ________ is tied to a second good called the ________.
Tying is a form of price discrimination in which one good called the "tying good" is tied to a second good called the "tied good".
Let me explain it step-by-step. Tying occurs when a seller offers two separate products together as a package deal. The buyer is required to purchase both goods together, even if they only want one of the items. The tying good is the product that the buyer initially wants, while the tied good is the additional product that they must purchase along with the tying good.
This strategy is often used to increase profits by leveraging the popularity or demand for the tying good to drive sales of the tied good. For example, a software company might offer a popular program (the tying good) and require customers to also purchase a subscription to a related service (the tied good) in order to access certain features.
In conclusion, tying is a pricing strategy that links the sale of two goods together, with the tying good being the desired product and the tied good being an additional requirement for purchase. This allows sellers to increase sales and maximize profits.
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what is considered the essence of a manager?
The essence of a manager is to achieve organizational goals through the effective use of resources and the coordination of people and activities.
A manager is responsible for overseeing and coordinating the work of individuals and teams within an organization to achieve the organization's goals. The essence of a manager lies in their ability to use available resources, including personnel, materials, and finances, in the most effective and efficient manner possible.
To achieve this, a manager must have a variety of skills, including planning, organizing, leading, and controlling. They must be able to identify goals and objectives for their department or team, create a plan to achieve those goals, and delegate tasks to team members as needed. They must also be able to lead their team by providing guidance and direction, communicating effectively, and motivating team members to perform at their best.
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Recently the top management of Lucky cement decided to start a new business in completely new market with new product lines i.E. Lucky One Mall. Identify the corporate level strategy used by the firm. Justify your answer.
Answer:
Diversification
Explanation:
Corporate level strategy is a decision made by the top management of a firm with the aim of seeking new business methods to expand an already existing business. Diversification is a corporate level strategy in which an organization ventures into a completely new market with new product lines. The diversification could be related to the existing products the company operates (concentric diversification) or to an unrelated market(conglomerate diversification).
When Lucky Cement decided to start a new business in completely new lines, they have just embarked on diversification. The diversification might also be to just one product or different products.
Moving to another question will save this response. Question 3 of 113 estion 3 1 points Save Answ When Kanoo Co. acquired 65% of the common stock of Gold Co., Gold owned building with a book value of
The acquisition of 65% of Gold Co.'s common stock by Kanoo Co. would result in the inclusion of Gold Co.'s building in Kanoo's consolidated financial statements, potentially leading to adjustments in asset valuation and recognition of income or loss.
When Kanoo Co. acquired 65% of the common stock of Gold Co., it means that Kanoo now holds a majority ownership stake in Gold. As a result of this acquisition, Gold Co.'s financial statements and assets would undergo certain changes.
One notable asset affected by the acquisition is the building owned by Gold Co. The building would now be considered a part of Kanoo's consolidated financial statements, as Kanoo has majority control over Gold Co. The book value of the building represents the historical cost of the asset as recorded on Gold Co.'s balance sheet.
After the acquisition, the building's book value may not necessarily change. The book value typically reflects the original cost of the building less any accumulated depreciation. However, it's important to note that the fair value of the building may change, especially if there is a difference between the historical cost and the current market value.
In the consolidated financial statements of Kanoo Co., the building's book value will be included as part of the total assets. Kanoo will also recognize its share of Gold Co.'s net income or loss in its consolidated income statement, reflecting the ownership percentage acquired.
It's worth mentioning that in accordance with accounting standards, Kanoo Co. may need to assess the fair value of the assets acquired from Gold Co. during the acquisition process. This evaluation could involve a revaluation of the building and other assets to determine their fair value at the acquisition date.
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7-3g November 13 No. 8 Because of her excessive tardiness and absenteeism during the year, the company discharged Ruth Williams today. For the week ending November 7, she was late a total of six hours; and for this week, she missed two full days and was late two hours on another day. In lieu of two weeks' notice, Williams was given two full weeks' pay ($1,223.08). Along with her dismissal pay ($1,223.08), she was paid for the week ending November 7 (34 hours, or $519.86) and the days worked this current week (22 hours, or $336,38). The total pay for the two partial weeks is $856.24. Record a separate payroll register (on one line) to show Williams's total earnings, deductions, and net pay. The two weeks' dismissal pay is subject to all payroll taxes. Include dismissal pay with the total earnings but do not show the hours in the Time Record columns. Use the Wage Bracket Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later (using standard withholding column) for the biweekly payroll period for the total gross pay ($2,079.32) of Williams. The deduction for group insurance premiums is $14.40. In the Time Record column, make a note of Williams's discharge as of this date. Indicate the payroll check number used to prepare the final check for Williams. When posting to the carnings record, make a notation of Williams's discharge on this date. a Prepare the journal entries to transfer the net cash and to record Williams's final pay and the employer's payroll taxes. Post to the ledger accounts. The deduction for group insurance premiums is $14.40. In the Time Record column, make a note of Williams's discharge as of this date. Indicate the payroll check number used to prepare the final check for Williams. When posting to the earnings record, make a notation of Williams's discharge on this date. Prepare the journal entries to transfer the net cash and to record Williams's final pay and the employer's payroll taxes. Post to the ledger accounts. Sce completed Form W-2 for Ruth Williams Transaction No. 8. Box "d" should be left blank, since Glo-Brite Paint Company does not use a control number to identify individual Forms W-2. (Please use this Form W-2 as an example to help in completing Forms W-2 at end of the year.)
We will calculate Ruth Williams's total earnings, deductions, and net pay, as well as prepare the journal entries to transfer the net cash and record her final pay and the employer's payroll taxes.
Briefly dwscribe about how to prepare employer's payroll taxes?
1. Calculate total earnings:
- Dismissal pay: $1,223.08
- Week ending November 7 pay: $519.86
- Current week pay: $336.38
Total earnings: $1,223.08 + $519.86 + $336.38 = $2,079.32
2. Calculate deductions:
- Federal income tax withholding: Use the Wage Bracket Method Tables for biweekly payroll (refer to the table and find the appropriate bracket for the total gross pay of $2,079.32)
- Group insurance premium: $14.40
3. Calculate net pay:
Total deductions: (Federal income tax withholding) + $14.40
Net pay: Total earnings - Total deductions
4. Prepare journal entries to transfer the net cash and to record Williams's final pay and the employer's payroll taxes. Post to the ledger accounts.
5. Make a note of Williams's discharge as of this date in the Time Record column, and indicate the payroll check number used to prepare the final check for Williams.
6. When posting to the earnings record, make a notation of Williams's discharge on this date.
7. Follow the instructions provided to complete Form W-2 for Ruth Williams. Keep in mind that Transaction No. 8, Box "d" should be left blank as Glo-Brite Paint Company does not use a control number to identify individual Forms W-2. Use this Form W-2 as an example for completing Forms W-2 at the end of the year.
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Harold works as head chef at the Italian Olive Restaurant in Macon, Georgia. When the management of the restaurant changed, Harold was asked to sign a non-compete agreement to keep his job. The non-compete agreement required Harold not to work as a chef for any other restaurant or open his own restaurant in the United States for the next 15 years if he decided to quit his job at the Italian Olive. A court would likely determine that this non-compete agreement:
Answer:
violates common law
Explanation:
A non compete is an agreement that restricts a previous employee from working for a competitor of his former company for a given period after disengagement.
This is a contract that aims to reduce to the rate at which company secrets are shared to competitors.
The rationale is that the employee's knowledge of the company's procedures will be obsolete after some years.
However non compete should not last for a very long time. Usually non compete of more than two to three years is not honoured by courts.
So in the given scenario where Harold the head chef at the Italian Olive Restaurant signed a non compete which restricts him from opening a restaurant for the next 15 years. The court will most likely not honour the non compete because the amount of time is not reasonable.
APEX: Biology Sem1; Dry Lab 2.4.3
2. What is the name of the enzyme that breaks down:
a. Protein?
b. Carbohydrate?
c. Fat/Oil
Answer:
b. Carbohydrate?
Explanation:
Answer:
I attached my entire lab submission with all the correct answers. I got 50/50. Please don't plagiarize any of my answers, but you can reference them :)
Explanation:
(btw i know this is really late, but it could help others alkngkfjga)
_____ or short saying of wisdom or truth were used to teach lessons to the people
Answer:
ygyvuyvuhuvhuh
Explanation:
A donor gave $75,000 to a nongovernmental, not-for-profit charity with instructions that the funds be transferred to Sam Smith, an individual who lost his home in a fire. The not-for-profit would:
Answer:
B) Record the $75,000 cash and credit a liability
Explanation:
Possible options:
A) Record the $75,000 cash and credit temporarily restricted revenue. B) Record the $75,000 cash and credit a liability C) Do either (a) or (b), depending upon the policy of the not-for-profit D) Not record the transaction.Non-for-profit charities must record all cash donations, but since the funds were donated for an specific purpose, their use is restricted. Therefore, the charity must record a liability (which has a normal credit balance).
The type and quantity of each type of direct material needed to complete a unit of product is listed on the ______.
time ticket
bill of materials
materials requisition form
production order
The type and quantity of each type of direct material needed to complete a unit of product is listed on the bill of materials. A thorough list of all the raw materials, assemblies, subassemblies, parts, and components needed to manufacture a product, together.
With their individual amounts, is called a bill of materials (BOM). In a nutshell, it is an exhaustive list of all the parts required to manufacture a product. A material requisition slip is a record of the quantity of direct materials transferred from the raw materials account to the work in process account during the period and the amount of direct materials that were used. The first formal offer made by a buyer to a supplier.
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What are the ethical issues in acquiring sales or conducting the business for Amazon in the e-commerce industry?
Acquiring sales and conducting business in e-commerce, involves several ethical issues. Some of the ethical issues include labor and working conditions, tax avoidance, market dominance, data privacy and security, and environmental impact.
Labor and Working Conditions: Amazon has faced scrutiny regarding the working conditions in its fulfillment centers, including allegations of long hours, high productivity expectations, and inadequate breaks. Ethical concerns arise when workers' rights and well-being are compromised in pursuit of operational efficiency and profit.
Tax Avoidance: Amazon has been criticized for its tax practices, including utilizing loopholes and tax havens to minimize its tax liabilities. This raises concerns about fairness and the social responsibility of multinational corporations to contribute their fair share to society through taxation.
Data Privacy and Security: As a large e-commerce platform, Amazon collects vast amounts of personal data from its customers. The ethical challenge lies in ensuring the proper handling, storage, and protection of this data to safeguard privacy and prevent unauthorized access or misuse.
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true or false
Becoming financially literate is important because it helps you make smart decisions.
Answer:
True
Explanation:
One of the most important life skills everyone should possess is financial literacy because it helps you take control of your financial future and achieve your financial goals. Strong financial knowledge and understanding can help you overcome poor financial decisions and make better long-term plans.
Answer:
Ture
Explanation:
If you can get one thing out of High School, it is financial literacy. It will help you plan and make strategic decisions about how much to save, what job to get, and when you can get a house.
the government has decided to regulate a natural monopoly so that the firm produces the perfectly competitive level of output. compared to the unregulated outcome, one negative consequence of this decision is that:
Regulating a natural monopoly to produce a perfectly competitive level of output can have the negative consequence of reducing the firm's profitability.
The unregulated outcome of a natural monopoly is that it produces less output and charges a higher price, leading to higher profits. However, when the government regulates the firm to produce at a perfectly competitive level of output, the price charged is lower, resulting in lower profits.
This can also reduce the firm's incentive to invest in innovation and development, leading to a potential decrease in the efficiency and quality of the products or services provided. Additionally, the reduced profitability may discourage new firms from entering the industry, leading to a lack of competition and potential inefficiencies in the long run.
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what is the npv of a project expected to generate $1,000 a year for 5 years assuming a discount rate of 10% and an initial outlay of $3,250?
$540.79 is the NPV of a project expected to generate $1,000 a year for 5 years assuming a discount rate of 10% and an initial outlay of $3,250.
What Is Net Present Value (NPV)?The difference between the present value of cash inflows and outflows over time is known as net present value (NPV). The profitability of a proposed investment or project is examined using NPV in capital budgeting and investment planning.
NPV is the outcome of computations that determine the current value of a future stream of payments using the appropriate discount rate. Projects that have a positive NPV are often worthwhile pursuing, but those that have a negative NPV are not.
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Nerds for Hire, Inc. (NFH), has three profit centers, Coding, Marketing, and Accounting, and three cost centers, Hiring, Security, and C-Suite (the executives). Below are the revenue and direct expenses for NFH.NFH Sales and Direct Expenses Sales and Total Sales direct and Coding Marketing Accounting Hiring Security CSuite expenses Expenses Sales 3,000,000 1,000,000 800,000 1,200,000 DirectMaterials 105,000 20,000 50,000 35,000 Direct Labor 1,628,000 400,000 300,000 450,000 100,000 80,000 298,000 Depreciation - Equipment 72,060 20,000 2,000 15,000 1,980 33,080 Supplies 43,000 5,000 25,000 10,000 3,000 Total Direct Expenses 1,848,060 445,000 104,980 298,000 Gross Profit 1.151.940 555,000 (104,980) (113,080) (298,000) NFH has the following indirect expenses, which are allocated. Rent of $64,000, which is allocated over square feet used by each department Utilities of $28,000, which is allocated over square feet used by each department Corporate Training of $142,000, which is allocated over the number of employees working in each department NFH has a total of 10,000 square feet and 250 employees. What is the allocation rate for Rent? $ ___ per square foot What is the allocation rate for Utilities? $ ___ per square foot What is the allocation rate for Corporate Training? $ ___ per employee Round all answers to two decimal places
The allocation rates for Rent, Utilities, and Corporate Training are $6.40 per square foot, $2.80 per square foot, and $568 per employee, respectively.
To calculate the allocation rates for Rent, Utilities, and Corporate Training, we need to know the square feet used and the number of employees in each department. The allocation rate for Rent can be calculated by dividing the total rent of $64,000 by the total square feet used by all departments, which is 10,000 square feet. Therefore, the allocation rate for Rent is $6.40 per square foot ($64,000/10,000). The allocation rate for Utilities can be calculated in the same way. The total utilities cost of $28,000 is divided by the total square feet used by all departments, which is 10,000 square feet.
Therefore, the allocation rate for Utilities is $2.80 per square foot ($28,000/10,000). To calculate the allocation rate for Corporate Training, we need to know the number of employees in each department. The Coding department has 100 employees, the Marketing department has 75 employees, and the Accounting department has 75 employees. Therefore, the total number of employees in NFH is 250. The total Corporate Training cost of $142,000 is divided by the total number of employees, which is 250. Therefore, the allocation rate for Corporate Training is $568 per employee ($142,000/250).
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People are living paycheck to paycheck why is that a problem
The following facts relate to Duncan Corporation.
1. Deferred tax liability, January 1, 2020, $30,000.
2. Deferred tax asset, January 1, 2020, $10,000.
3. Taxable income for 2020, $105,000.
4. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $230,000.
5. Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $95,000.
6. Tax rate for all years, 20%. No permanent differences exist.
7. The company is expected to operate profitably in the future.
Instructions
(a) Compute the amount of pretax financial income for 2008.
(b) Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2008.
(c) Prepare the income tax expense section of the income statement for 2008, beginning with the line "Income before income taxes. "
(d) Compute the effective tax rate for 2008
The amount of pretax financial income for 2008 is $84,000. Income taxes payable for 2008 is $12,000. The effective tax rate for 2020 is 25%.
How do you compute the amount of pretax financial income?a) To compute the amount of pretax financial income for 2020, we need to calculate the income tax expense for 2020 and then subtract it from taxable income.
Income tax expense for 2020 = Taxable income * Tax rate
Income tax expense for 2020 = $105,000 * 20% = $21,000
Pretax financial income for 2020 = Taxable income - Income tax expense
Pretax financial income for 2020 = $105,000 - $21,000 = $84,000
b) To record income tax expense, deferred income taxes, and income taxes payable for 2020, the following journal entry would be made:
Debit: Income Tax Expense $21,000
Credit: Deferred Tax Liability $4,000
Credit: Deferred Tax Asset $3,000
Debit: Income Taxes Payable $18,000
The deferred tax liability and deferred tax asset are calculated as follows:
Deferred tax liability = Cumulative temporary difference giving rise to future taxable amounts * Tax rate
Deferred tax liability = $230,000 * 20% = $46,000
Deferred tax asset = Cumulative temporary difference giving rise to future deductible amounts * Tax rate
Deferred tax asset = $95,000 * 20% = $19,000
The deferred tax liability and deferred tax asset are then adjusted by the deferred tax liability and deferred tax asset at the start of the year:
Deferred tax liability = $46,000 - $30,000 = $16,000
Deferred tax asset = $19,000 - $10,000 = $9,000
So the deferred tax liability is $16,000 and the deferred tax asset is $9,000
The income taxes payable is the current income tax expense less the deferred tax asset:
Income taxes payable = $21,000 - $9,000 = $12,000
c) The income tax expense section of the income statement for 2020 would be as follows:
Income before income taxes $84,000
Income tax expense $21,000
Net income $63,000
d) To compute the effective tax rate for 2020, we need to divide the income tax expense by the pretax financial income:
Effective tax rate = Income tax expense / Pretax financial income
Effective tax rate = $21,000 / $84,000 = 0.25 or 25%.
So the effective tax rate for 2020 is 25%.
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a decrease in unemployment b. a technological advance in the consumer goods industries c. a general technological advance d. an increase in the availability of capital-producing resources
The following factor will decrease unemployment: An increase in the availability of capital-producing resources.
Capital resources are things that are used in the production of other goods and services, such as factories, machinery, and equipment. They are the essential assets that a firm uses in the production of goods and services. This implies that when there is an increase in the availability of capital resources, there will be a decrease in unemployment.
The availability of capital resources implies that the production of goods and services will be more productive, resulting in a rise in output, which will lead to an increase in the demand for labor, which will reduce unemployment.
A technological advance in the consumer goods industries, as well as a general technological advance, could raise productivity and, as a result, demand for labor in the long term, resulting in a reduction in unemployment.
However, these technological advancements could lead to short-term job losses, as firms may require fewer workers to manufacture the same amount of goods and services, resulting in a rise in unemployment.
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alex’s monthly take home pay is $2,500. what is the maximum bad debt payment he can maintain without being in credit overload?
Alex makes $2500 every month.
Typically, how much debt you may carry and repay depends on your income.
Briefing:-The 28/36 guideline specifies that 28% of your income should be spent for housing costs and 36% for debt reasons. There are other rules for calculating how much money you can use for debt purposes as well. Another is the 30% rule, which argues that you should only utilize 30% of your monthly income to pay off debt.
36 % of $ 2500\s= 36/100 * 2500\s= 900
In addition, 30% of $2500 equals 30/100 x 2500, or 750.
Therefore, among the four possibilities presented, Alex can keep a maximum bad debt payment of $ 500 without becoming credit-overloaded.
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A(n) __ can administer self-assessment tools to help you understand your personality and preferences .
you work for bmw. which of the following will shift the demand for bmw automobiles to the right? group of answer choices audi (substitute) lowers the prices of their automobiles. microchips (input) fall in prices as taiwan doubles production. consumer income levels decrease (normal good). gas prices fall to $1.00 average and expected to remain at that level.
You work for BMW. Gas prices fall to $1.00 average and expected to remain at that level will shift the demand for BMW automobiles to the right. Hence, option (d) is correct.
Give a brief account on substitute.In economics and consumer theory, a substitute, or substitutable good, is a thing or service that customers perceive as being substantially the same as or sufficiently similar to another good. A product serving as the replacement of some other product is regarded as a substitute. Alternatives are valued by customers and have a significant role in the market. Customers have more options thanks to them, which makes it easier for them to meet their needs. In the event that a standard part is damaged, substitute parts are frequently included in bills of materials. Consumers have options when making purchases thanks to substitutes. When at least two goods can serve the same purpose, such as an iPhone vs. an Android phone, substitutes are present. A product must have a specific relationship with the item it is intended to replace before it can serve as a substitute. These connections might be direct, as in the case of one brand of coffee and another, or indirect, as in the case of coffee and tea.
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True or false:
Global marketing strategies are essential for 21st century businesses.
Answer:
true
Explanation:
Its an easier way to get your cash
:)
if a company uses _____ to measure taxable income, they must use the same method for external financial reporting.
a. Average cost
b. LIFO
c. FIFO
If a company opts for fifo for tax purposes, they should also apply the fifo method in their external financial reporting to maintain consistency and ensure that the financial statements reflect a true and fair view of the company's financial position and performance.
if a company uses the fifo (first-in, first-out) method to measure taxable Income , they must use the same method for external financial reporting. fifo assumes that the items or inventory acquired first are sold or used first, leading to the recognition of the oldest costs in the calculation of taxable income.
consistency between tax reporting and external financial reporting is generally required to maintain transparency and comparability in financial statements. using different inventory valuation methods for tax and financial reporting could result in discrepancies and make it challenging for stakeholders to evaluate a company's financial performance accurately.
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