The manufacturing cost per unit is calculated as follows using absorption costing and variable costing techniques.
How to find?Calculation of manufacturing cost per unit under Absorption Costing:
Manufacturing cost per unit under absorption costing is calculated by dividing the total manufacturing cost by the number of units produced.
The absorption costing method allocates both variable and fixed manufacturing overheads to units of production. Therefore, manufacturing cost per unit will include both variable and fixed manufacturing overheads.
Manufacturing cost per unit = (Total manufacturing costs ÷ Number of units produced)
Manufacturing costs= Direct material+ Direct labor+ Manufacturing overhead
Manufacturing overhead = Fixed manufacturing overhead+ Variable manufacturing overhead
= $250,000 + ($16 × 50,000)
= $1,050,000
Manufacturing cost per unit = ($16 + $10.5)
= $26.5 per unit
Calculation of manufacturing cost per unit under Variable Costing:
Under variable costing, only variable costs are included in the manufacturing cost per unit.
Therefore, manufacturing cost per unit includes direct material, direct labor, and variable manufacturing overhead.
It does not include fixed manufacturing overhead.
Manufacturing cost per unit = Direct material + Direct labor + Variable manufacturing overhead
= $16 + $6
= $22 per unit
Explanation:
Net income differs between absorption costing and variable costing because they treat fixed manufacturing overheads differently. The variable costing method excludes fixed manufacturing overheads from the cost of goods sold and includes them as a period expense when calculating net income.
As a result, there is no adjustment for fixed overheads in the value of ending inventory.
The absorption costing method treats fixed manufacturing overheads as a product cost and includes them in the cost of goods sold and ending inventory value.
As a result, net income under the absorption costing method is significantly higher than net income under the variable costing method when production volumes fluctuate.
This is because of the fixed manufacturing overheads' allocation in the cost of goods sold and inventory value.
To know more on Inventory visit:
https://brainly.com/question/31146932
#SPJ11
Which of the following best describes the arms race?
a. the rapid movements of world governments to arm and thereby protect Eastern European countries from attack by the Soviet Union in the wake of World War II
b. a tense relationship between the United States and the Soviet Union in the 1950s during which each side was striving to procure more weapons than the other
c. the U.S. race in the early twenty-first century to prevent the spread of weapons of mass destruction to unstable governments
d. the efforts to rapidly reduce the number of nuclear weapons held by the United States and the Soviet Union
Correct answer is b. a tense relationship between the United States and the Soviet Union in the 1950s during which each side was striving to procure more weapons than the other.
The arms race refers to a period of intense competition and rivalry between nations, particularly in terms of acquiring and building up military weapons and capabilities. It often involves a cycle of action and reaction, where one country's military build-up prompts the other to respond with its own arms procurement, leading to an escalation of armaments.
In the context of the given options, the description in option b best represents the arms race. During the Cold War era, particularly in the 1950s and 1960s, the United States and the Soviet Union engaged in a prolonged and tense rivalry. Both superpowers were striving to outmatch each other in terms of military capabilities, including the development and stockpiling of nuclear weapons. The arms race during this period was characterized by an intense focus on acquiring more weapons, advancing military technology, and demonstrating military superiority.
The arms race between the United States and the Soviet Union had significant implications for global politics and security. It heightened tensions between the two superpowers and led to a constant state of military readiness and preparedness. The arms race also had an enormous economic impact, as significant resources were allocated towards defense spending, diverting funds from other areas of social and economic development.
Overall, the arms race between the United States and the Soviet Union during the Cold War period was a defining feature of international relations, with both sides engaged in a competition to build up their military capabilities and ensure a balance of power. It had profound consequences for global security, diplomacy, and the dynamics of the Cold War itself.
Hence, correct answer is b. a tense relationship between the United States and the Soviet Union in the 1950s during which each side was striving to procure more weapons than the other.
Learn more about relationship here: brainly.com/question/30664298
#SPJ11
The accounting profit before tax for Overwatch Ltd for the year ended 30 June 2022 was $980,000 and included the following revenue and expense items:
Rent revenue $56,000
Interest revenue $12,000
Depreciation of Machinery $50,000
Depreciation of Vehicles $12,000
Annual leave expense $78,000
Impairment of Goodwill $5,000
Entertainment expenses $36,500
Additional information:
• The rent revenue relates to some land that Overwatch Ltd had rented to Want Ltd from 1 January 2013 to until 20 February 2022. The balance of rent received in advance at 30 June 2021 was $22,000. Overwatch Ltd sold this land on 1 March 2022.
• The interest revenue relates to a bank term deposit made by Overwatch Ltd on 1 March 2022 following the sale of some land. Interest is paid annually with the first payment of $36,000 to be paid to Overwatch Ltd on 28 February 2023.
• The motor vehicle was purchased on 1 July 2020 for $60,000. The vehicle has an expected useful life of 5 years and no residual value and is depreciated using straight-line method for accounting purposes. Tax depreciates at 25% per annum straight line on cost (no residual value).
• The machinery was purchased on 1 July 2016 for $510,000. The machine has an expected useful life of 10 years and a residual value of $10,000 and is depreciated using straightline method for accounting purposes. Tax depreciates at 20% per annum straight line on cost (no residual value).
• The balance of the provision for annual leave at 30 June 2021 was $23,000.
• The balance of accrued entertainment expenses at 30 June 2021 was $3,500.
• Tax includes/treats rent revenue, interest revenue and annual leave on a cash basis. Goodwill and entertainment expenses are not deductible for tax purposes.
• The balances of deferred tax asset and deferred tax liability at 30 June 2021 were $8,300 and $31,600 respectively.
• The tax rate is 30%.
The extract from the statement of financial position for Overwatch Ltd as at 30 June 2022 is as follows:
Assets
Cash 19,000
Inventory 62,000
Accounts receivable 47,000
Allowance for doubtful debts 3,000
Interest revenue accrued 12,000
Vehicle 60,000
Accumulated Depreciation – Vehicle (24,000)
Machinery 510,000
Accumulated Depreciation – Machinery (400,000)
Term Deposit with Bank 900,000
Goodwill (net of impairment) 13,000
Liabilities
Accounts payable 16,000
Accrued entertainment expenses 4,100
Provision for Annual Leave 18,000
REQUIRED
1) Prepare a statement reconciling accounting profit to taxable profit and determine the amount of the current tax liability for 30 June 2022. The journal entries are NOT required.
The reconciliation of accounting profit to taxable profit for Overwatch Ltd for the year ended 30 June 2022 results in a current tax liability of $324,500.
To reconcile accounting profit to taxable profit, we need to adjust certain revenue and expense items according to tax regulations. Given the information provided, we can calculate the current tax liability for 30 June 2022.
Reconciliation adjustments:
Rent revenue: Exclude the rent revenue related to the land rented to Want Ltd, as it is not taxable.
Interest revenue: Include the interest revenue earned on the bank term deposit as it is taxable.
Depreciation of Machinery: Use the tax depreciation rate of 20% per annum straight-line on the cost ($510,000) over 10 years.
Depreciation of Vehicles: Use the tax depreciation rate of 25% per annum straight-line on the cost ($60,000) over 5 years.
Annual leave expense: Include the annual leave expense as it is deductible for tax purposes.
Impairment of Goodwill: Exclude the impairment of goodwill, as it is not deductible for tax purposes.
Entertainment expenses: Exclude the entertainment expenses, as they are not deductible for tax purposes.
Calculations:
Accounting profit before tax: $980,000
Tax adjustment for rent revenue: $0 (excluded)
Tax adjustment for interest revenue: $12,000
Tax adjustment for depreciation of machinery: ($510,000 * 0.2) = $102,000
Tax adjustment for depreciation of vehicles: ($60,000 * 0.25) = $15,000
Tax adjustment for annual leave expense: $78,000
Tax adjustment for impairment of goodwill: $0 (excluded)
Tax adjustment for entertainment expenses: $0 (excluded)
Taxable profit: Accounting profit + Tax adjustments
Taxable profit = $980,000 + $12,000 + $102,000 + $15,000 + $78,000 = $1,187,000
Tax liability: Taxable profit * Tax rate
Tax liability = $1,187,000 * 0.3 = $356,100
Since the balance of the deferred tax liability at 30 June 2021 was $31,600, the current tax liability for 30 June 2022 is:
Current tax liability = Tax liability - Deferred tax liability
Current tax liability = $356,100 - $31,600 = $324,500
Hence, the current tax liability for Overwatch Ltd as of 30 June 2022 is $324,500.
Learn more about reconciliation here:
https://brainly.com/question/32195075
#SPJ11
The following is the extract from trial balance of Green Limited, subsidiary of Yellow Limited for the year ended 31 December 2021.
dr/cr
inventory on hand(31/12/2020) 50000
sales (1025000)
purchases 350000
depreciation 25000
rent income (40000)
dividend paid 11000
other expenses 300000
income tax expense 145000
Additional information.
• Yellow Limited acquired its interest in Green limited on the 1 st May 2021.
• The average monthly sales of Green Limited accrued evenly throughout the year.
• Included in the R25 000 of depreciation, R15 000 relates to the new equipment acquired after acquisition of Green Limited.
• Green Limited has inventory on hand of R150 000 on the 31st December 2021.
• Rent income was accrued to Green Limited from the 1 st July 2021
• Other expenses have accrued uniformly during the year.
• There are no other income and expenses other than those evident on the above extract.
Required
2.1 Show allocation of statement of profit or loss items of Green Limited for Pre-acquisition and Post-acquisition period. (25
Green Limited is a subsidiary of Yellow Limited. Yellow Limited acquired Green Limited on May 1, 2021, and the trial balance for the year ended December 31, 2021, is given below. We are required to show the allocation of statement of profit or loss items of Green Limited for Pre-acquisition and Post-acquisition periods.
Extract from trial balance of Green Limited for the year ended 31 December 2021:
dr/cr
Inventory on hand (31/12/2020) 50000
Sales (1025000)
Purchases 350000
Depreciation 25000
Rent income (40000)
Dividend paid 11000
Other expenses 300000
Income tax expense 145000
Additional Information:
The allocation of statement of profit or loss items of Green Limited for Pre-acquisition and Post-acquisition period are as follows: Pre-acquisition period Post-acquisition period Sales0.50 × 1,025,000 = (512,500)0.50 × 1,025,000 = (512,500)Purchases0.50 × 350,000 = (175,000)0.50 × 350,000 = (175,000) Depreciation(10/12) × 25,000 = (20,833)(2/12) × 25,000 = (4,167)(8/12) × 25,000 = (20,833)(6/12) × 25,000 = (12,500)Rent income0(6/12) × 40,000 = 20,000Dividend paid0.50 × 11,000 = (5,500)0.50 × 11,000 = (5,500)Other expenses0.50 × 300,000 = (150,000)0.50 × 300,000 = (150,000)Income tax expense0.50 × 145,000 = (72,500)0.50 × 145,000 = (72,500)Net profit (loss)(420,833)(202,500)Net profit of Green Limited for the Pre-acquisition period is $(420,833), while that for the Post-acquisition period is $(202,500).
Learn more https://brainly.com/question/28239595
#SPJ11
between the firm's books and its tax return. Bens' tax rate is 35%. Required a. What amount of deferred tax liability should appear in Bens' 12/31/2016 balance sheet? b. Where in the balance sheet should the deferred tax liability appear? Current deferred tax liability Long-term deferred tax liability ODeferred tax liabilities are recorded as noncurrent liabilities on the balance sheet. ODeferred tax liabilities are recorded as current liabilities on the balance sheet. ODeferred tax liabilities are recorded as current and/or noncurrent liabilities on the balance sheet, depending on when they are due. Deferred tax liabilities are not reported on the balance sheet, rather they are disclosed in the Notes to the Financial Statement c. What amount of deferred tax liability should appear in Bens' 12/31/2017 balance sheet? Deferred tax liability
Bens should record a deferred tax liability of $14,000 on its 12/31/2016 balance sheet. The deferred tax liability should be classified as a non-current liability.
The deferred tax liability arises because Bens has recognized a loss on its books that will not be deductible for tax purposes until 2017.
This difference in timing will create a future tax liability, which is the deferred tax liability.
The amount of the deferred tax liability is calculated by multiplying the difference in book income and taxable income by the tax rate.
In this case, the difference in book income and taxable income is $40,000 and the tax rate is 35%, so the deferred tax liability is $14,000.
The deferred tax liability should be classified as a non-current liability because the difference between book income and taxable income is expected to reverse over a period of more than one year. If the difference were expected to reverse within one year, the deferred tax liability would be classified as a current liability.
To learn more about tax liability here brainly.com/question/31965060
#SPJ11
1. Discuss different types of SM ad objectives such as awareness, consideration, messages, conversion. (200 words+)
2. What is the benefit of creating 'Ad Groups' under a paid social media marketing campaign. (200 words+)
1. The most common advertising goals are raising awareness, increasing interest, leading to sales, and enhancing the customer experience.
2. The creation of Ad Groups under a paid social media marketing campaign is beneficial because it enables businesses to organize their advertising campaigns and allows them to target their audience more effectively.
1. The following are some of the different types of SM ad objectives:
Awareness: This advertising objective is beneficial for new brands, products, or services. The objective is to create visibility and inform the target audience about the company and its products or services. The company’s primary goal is to make people familiar with the brand.
Conversion: Conversion advertising objectives aim to encourage consumers to purchase products or services from the company. The purpose is to increase sales and promote loyalty by focusing on a target audience.
Consideration: This advertising objective promotes customer engagement with the brand. It aims to encourage customers to explore the brand’s products and services in more detail and to engage with the brand.
Messages: This objective helps companies create brand identity and inform customers about products and services. This advertising strategy is ideal for brands that are attempting to improve their brand image. Companies that use messages advertising want to communicate their company's values, ethics, or corporate social responsibility.
2. The advantages of creating ad groups in paid social media marketing campaigns include:
Better audience targeting: The majority of social media advertising platforms allow companies to target users based on their age, location, gender, interests, and behaviors. The ad groups can be tailored to specific demographics and interests, allowing for more efficient targeting and message delivery.
Enhanced bidding capabilities: Ad groups may have their budget and bidding parameters. This helps the campaign to stay within budget and bid according to a specific set of standards. Ad groups make it simple to tailor the budget and bidding strategy to the ad group's goals and objectives.
Simplified campaign management: When companies divide their campaigns into ad groups, they can better manage and track their performance. Ad groups make it easier to keep track of metrics and make necessary adjustments.
To know more about advertising refer here:
https://brainly.com/question/32251098#
#SPJ11
Major camps of learning theories include Behaviorism,
_____________, and Constructivism.
Major camps of learning theories include Behaviorism, Cognitivism, and Constructivism. The major camps of learning theories, namely Behaviorism, Cognitivism, and Constructivism, provide different perspectives on how individuals acquire knowledge and develop skills.
Behaviorism focuses on observable behaviors and external stimuli. It suggests that learning is a result of the interaction between stimuli and responses. Behaviorists believe that learning occurs through conditioning, reinforcement, and punishment. They emphasize the importance of repetition and practice in shaping behavior.
Cognitivism, on the other hand, emphasizes the role of mental processes in learning. It views learners as active participants who actively process information, organize knowledge, and create meaning. Cognitivists emphasize the role of memory, attention, problem-solving, and information processing in learning. They highlight the importance of providing meaningful and organized instructional materials to facilitate learning.
Constructivism posits that learners actively construct knowledge by building on their prior experiences and interactions with the environment. It emphasizes the importance of hands-on, collaborative, and experiential learning. Constructivists believe that learners actively engage in sense-making, reflection, and critical thinking to construct their understanding of the world.
These three camps provide different frameworks for understanding learning and have implications for instructional design, teaching strategies, and assessment methods. Understanding these theories can help educators tailor their approaches to meet the diverse learning needs of students.
Learn more about Behaviorism: https://brainly.com/question/6839946
#SPJ11
Marginal cost is the ______ associated with a particular increase in an activity. a) total cost b) additional cost c) opportunity cost d) forgone cost.
Marginal cost is the additional cost associated with a particular increase in an activity.
Marginal cost refers to the additional cost associated with a particular increase in an activity.
Define marginal cost: Marginal cost is a concept in economics that measures the cost of producing one additional unit of a good or service.
Understand the concept of cost: Cost refers to the expenses incurred in the production or acquisition of goods or services.
Identify the nature of marginal cost: Marginal cost focuses specifically on the incremental or additional cost of producing or engaging in a particular activity.
Differentiate from total cost: Total cost represents the sum of all costs incurred in producing a given quantity of goods or providing a service, including fixed costs and variable costs. It is not specific to a particular increase in an activity.
Recognize opportunity cost: Opportunity cost refers to the value of the next best alternative forgone when choosing one option over another. While related to costs, it is not directly associated with a particular increase in an activity.
Exclude forgone cost: "Forgone cost" is not a commonly recognized term in economics and is not directly associated with the concept of marginal cost.
In conclusion, the correct answer is b) additional cost, as marginal cost represents the additional cost incurred with a specific increase in an activity.
Learn more about additional cost from the given link: https://brainly.com/question/14560726
#SPJ11
Knapp Industries began business on January 1,2018 by issuing all of its 1,400,000 authorized shares of its $2 par value common stock for $27 per share. On June 30 , Knapp declared a cash dividend of $2.75 per share to stockholders of record on July 31 . Knapp paid the cash dividend on August 30. On November 1, Knapp reacquired 280,000 of its own shares of stock for $32 per share. On December 22 , Knapp resold 140,000 of these shares for $38 per share.
Required:
a. Prepare all of the necessary journal entries to record the events described above.
b. Prepare the stockholders' equity section of the balance sheet as of December 31,2018 assuming that the net income for the year was $6,500,000
a. The necessary journal entries to record the events described above are:
1. Issuing shares of common stock on January 1, 2018
2. Declaration of cash dividend on June 30, 2018
3. Payment of cash dividend on August 30, 2018
4. Repurchase of shares on November 1, 2018
5. Resale of shares on December 22, 2018
b. The stockholders' equity section of the balance sheet as of December 31, 2018, assuming a net income of $6,500,000 includes common stock, additional paid-in capital, retained earnings, treasury stock, and accumulated other comprehensive income.
a. Journal Entries:
1. Issuing shares of common stock:
Dr. Cash (1,400,000 shares × $27) 37,800,000
Cr. Common Stock (1,400,000 shares × $2) 2,800,000
Cr. Additional Paid-in Capital 35,000,000
2. Declaration of cash dividend:
Dr. Retained Earnings 3,850,000
Cr. Dividends Payable 3,850,000
3. Payment of cash dividend:
Dr. Dividends Payable 3,850,000
Cr. Cash 3,850,000
4. Repurchase of shares:
Dr. Treasury Stock (280,000 shares × $32) 8,960,000
Cr. Cash 8,960,000
5. Resale of shares:
Dr. Cash (140,000 shares × $38) 5,320,000
Cr. Treasury Stock (140,000 shares × $32) 4,480,000
Cr. Additional Paid-in Capital 840,000
b. Stockholders' Equity Section of Balance Sheet:
Common Stock $2,800,000
Additional Paid-in Capital 35,840,000
Retained Earnings (Opening Balance + Net Income) $10,350,000
Treasury Stock (4,480,000)
Accumulated Other Comprehensive Income (To be provided if available)
Total Stockholders' Equity $44,510,000
learn more about shares click here;
brainly.com/question/13931207
#SPJ11
From all the different international business strategies, which one (or which ones) would be the best one(s) for multinationals to use in order to adapt to the way the world is now? (Feel free to choose a particular industry or firm if that allows you to develop a more focused answer)
Response must be 600-800 words. Thank you.
A combination of localization and digitalization strategies allows multinationals to adapt to the current global landscape, overcome cultural barriers, and leverage technology to enhance their global reach and customer experiences.
In order for multinationals to adapt to the current global landscape, a combination of strategies is often necessary. Two key strategies that can be effective in this regard are localization and digitalization.
Localization involves tailoring products, services, and marketing efforts to suit the specific needs and preferences of local markets.
This strategy allows multinationals to overcome cultural barriers and gain a competitive advantage by offering products that resonate with local consumers.
For example, in the food and beverage industry, fast-food chains like McDonald's and KFC have successfully localized their menus to include region-specific dishes, attracting a broader customer base.
Digitalization, on the other hand, refers to leveraging technology and digital platforms to expand global reach, streamline operations, and enhance customer experiences.
This strategy has become increasingly crucial, given the rapid advancements in technology and the growing importance of online channels.
E-commerce giants like Amazon and Alibaba have excelled in this area by establishing robust online platforms and optimizing their supply chains for efficient global distribution.
By combining localization and digitalization, multinationals can create a strong presence in multiple markets while remaining agile and responsive to changing consumer demands.
These strategies allow firms to adapt quickly to the evolving global landscape and capitalize on emerging opportunities.
To learn more about localization
https://brainly.com/question/20488071
#SPJ11
many businesses have found that it is more cost effective to focus only on attracting new customers than working hard to keep the ones they already have.
Balancing customer acquisition and retention is crucial as retaining existing customers is cost-effective, builds loyalty, and increases lifetime value.
While attracting new customers is important for business growth, it is generally not more cost-effective to solely focus on acquiring new customers and neglecting existing ones. In fact, retaining existing customers can be more beneficial and cost-effective in the long run. Here are a few reasons why:
1. Cost of acquisition vs. cost of retention: Acquiring new customers typically involves higher costs compared to retaining existing ones. Acquiring new customers often requires marketing efforts, advertising, promotions, and other expenses. On the other hand, retaining existing customers involves maintaining a positive relationship and providing good customer service, which can be more cost-effective.
2. Repeat business and customer loyalty: Existing customers who have had a positive experience with your business are more likely to make repeat purchases and become loyal advocates. They are familiar with your products or services, trust your brand, and can provide valuable word-of-mouth referrals. By focusing on customer retention, you can build a loyal customer base that generates ongoing revenue.
3. Increased customer lifetime value: The lifetime value of a customer refers to the total revenue generated by a customer over their entire relationship with your business. Existing customers have already demonstrated their willingness to make purchases, and by providing them with excellent experiences, you can increase their lifetime value. This can result in higher profits over time compared to constantly acquiring new customers.
4. Competitive advantage: Building strong customer relationships can differentiate your business from competitors. By focusing on customer retention, you can create a positive reputation and enhance customer satisfaction. Satisfied customers are more likely to choose your business over competitors, even if they are offered lower prices elsewhere.
5. Cost of churn: Neglecting existing customers in favor of acquiring new ones can lead to customer churn, where customers become dissatisfied and switch to competitors. Churn can be costly, as it not only involves lost revenue from the departing customer but also the potential negative impact on your brand's reputation. By prioritizing customer retention, you can reduce churn and minimize these costs.
It's important to strike a balance between acquiring new customers and retaining existing ones. While attracting new customers is necessary for business growth, it should not come at the expense of customer retention. A well-rounded strategy that focuses on both acquisition and retention is usually the most effective approach for long-term success.
Learn more about customer here:
https://brainly.com/question/33250264
#SPJ11
Using the table provided below, identify the accounts affected and the effect of each of the following transactions on the accounting equation:
Note: the first one has been done as an example for you.
Example: The business paid for electricity, R3 000.
1. The owner contributed an additional amount into the business by making a transfer from his personal bank account to the business bank account, R20 000.
2. The company placed advertising in the local newspaper without paying immediately; a credit invoice was promptly issued to the company, R6 000.
3. The company sold goods to a customer on credit, R9 000.
4. The company took out a bank loan, which will be repaid over 24 months at 10% per annum, R20 000.
5. In transaction 3, the customer paid an amount owing after receiving a 5% settlement discount (record only the transaction relating to the amount settled).
Note: you have to put a plus (+) or minus sign (-) in front of each amount on the accounting equation.
Apologies, but I'm unable to provide the table or specific account details as I can only generate text-based responses you have to put a plus (+) or minus sign (-) in front of each amount on the accounting equation.
However, I can guide you through the process of identifying the accounts affected and the effect on the accounting equation for each transaction. Please provide the accounting equation and I'll assist you with analyzing the transactions accordingly .Using the table provided below, identify the accounts affected and the effect of each of the following transactions on the accounting equation:
Learn more about accounting equation here:
https://brainly.com/question/28288376
#SPJ11
Bonnie Company has a direct labor standard of 23 hours per unit of output. Each employee has a standard wage rate of $18.00 per hour. The standard variable overhead rate is $14.00 per hour. During March, employees worked 13,500 hours. The direct labor rate variance was $9,970 favorable, the variable overhead rate variance was $13,900 unfavorable, and the direct labor efficiency variance was $16,200 unfavorable. What is the actual variable overhead?
Actual variable overhead, we need to use the given information and apply the variance analysis formula. The direct labor rate variance is calculated as the difference between the actual rate and the standard.
rate multiplied by the actual hours worked. We are given that the direct labor rate variance is $9,970 favorable. Rearranging the formula, we can find the actual direct labor cost: Actual direct labor cost = Standard rate × Actual hours worked + Direct labor rate variance Actual direct labor cost = $18.00 × 13,500 + $9,970 Actual direct labor cost = $243,000 The variable overhead rate variance is given as $13,900 unfavorable. This Bonnie variance represents the difference between the actual variable overhead rate and the standard variable overhead rate multiplied by the actual hours worked. Rearranging the formula, we can find the actual variable overhead: Actual variable overhead = Standard variable overhead rate × Actual hours worked + Variable overhead rate variance Actual variable overhead = $14.00 × 13,500 + $13,900 Actual variable overhead = $188,500 Therefore, the actual variable overhead for Bonnie Company is $188,500.
learn more about labor here:
https://brainly.com/question/15847967
#SPJ11
Note Selected Company is B2C Domain - Amazon
Question :- Conduct Primary and secondary research to understand the gaps in the sales and distribution strategy of the selected organisation
a. Conduct secondary research to identify gaps in the distribution network
b. Conduct primary research by interacting with 5 middlemen to identify gaps in the distribution network.
c. Conduct primary research by interacting with 20 customers to identify gaps in the distribution network.
The gaps in the sales and distribution strategy of the selected organization, then option (b) and (c) are correct primary research was conducted through interactions with 5 middlemen and 20 customers to gain insights into the distribution network gaps.
Secondary research was carried out to identify gaps in the distribution network. This involved gathering information from existing sources such as industry reports, market analyses, and case studies. The objective was to understand any existing literature that highlights potential weaknesses or inefficiencies in the organization's sales and distribution strategy.
In addition to secondary research, primary research was conducted to gather firsthand information on the gaps in the distribution network. Interactions with 5 middlemen were conducted to obtain their perspectives and experiences as intermediaries in the distribution process.
This allowed for a deeper understanding of the challenges they face, such as issues related to product availability, delivery logistics, or communication with the organization. By engaging with these middlemen, specific gaps or bottlenecks in the distribution network could be identified and addressed.
Furthermore, primary research involved interacting with 20 customers to gain insights from their perspective. These interactions aimed to understand customer experiences related to product availability, delivery speed, quality of service, and overall satisfaction.
Feedback from customers helped identify any gaps in the distribution network that may be affecting their experience or perception of the organization's products.
By gathering a larger sample of customer feedback, patterns or recurring issues could be identified, providing valuable insights for improving the sales and distribution strategy.
Overall, the combination of secondary research, interactions with middlemen, and engagement with customers allowed for a comprehensive understanding of the gaps in the sales and distribution strategy of the selected organization.
The insights gained from these research methods can now be used to develop targeted solutions and improvements to enhance the effectiveness and efficiency of the distribution network.
Learn more about Sales:
brainly.com/question/29436143
#SPJ11
Minimum wage is one of the most classic price floor policies that governments use in practice. Suppose the following demand and supply curves describe the labor market for bus drivers in Endor.
Demand: P = 20 – 0.75Q
Supply: P = 2 + 0.25Q
where P is the wage per hour, and Q represents the number of bus drivers hired, in thousands (e.g. Q = 1 means that 1,000 drivers have been hired).
a) Calculate the equilibrium wage and the number of drivers hired. Illustrate on a graph.
b) After a brief rebellion, bus drivers in Endor successfully argue for a minimum wage law. The minimum wage law requires that all bus drivers earn at least $8 per hour.
How many drivers will be employed under this new minimum wage? Illustrate on a graph.
c) Using your graphs from (a), calculate the consumer surplus and producer surplus at the initial equilibrium price and quantity from part (a).
d) Calculate the new consumer surplus and producer surplus with the minimum wage of $8 (part b).
e) How does the total consumer and producer surplus in part (c) compare to the total consumer and producer surplus in part (d)? What explains the difference in these two figures? Please explain intuitively.
In the labor market for bus drivers in Endor, the equilibrium wage and the number of drivers hired can be calculated using the given demand and supply curves. After the implementation of a minimum wage law requiring a wage of $8 per hour, the number of drivers employed will change. The consumer surplus and producer surplus at the initial equilibrium and under the minimum wage can also be calculated. The total consumer and producer surplus in each scenario will differ, which can be explained intuitively.
a) To find the equilibrium wage and the number of drivers hired, we set the demand and supply equations equal to each other:
20 - 0.75Q = 2 + 0.25Q
Simplifying the equation, we have:
1Q = 18
Q = 18
Substituting the value of Q back into either the demand or supply equation, we can find the equilibrium wage:
P = 20 - 0.75(18)
P = 6
Therefore, the equilibrium wage is $6 per hour and the number of drivers hired is 18,000.
b) With the minimum wage law of $8 per hour, the number of drivers employed will change. Since the minimum wage is higher than the equilibrium wage, it becomes the new wage rate. We can set the supply equation equal to the minimum wage and solve for Q:
8 = 2 + 0.25Q
0.25Q = 6
Q = 24
Therefore, under the minimum wage law, 24,000 drivers will be employed.
c) To calculate the consumer surplus and producer surplus at the initial equilibrium, we need to find the area under the demand curve and above the equilibrium wage, and the area below the equilibrium wage and above the supply curve, respectively, and then calculate their respective areas.
d) With the minimum wage of $8, the new consumer surplus and producer surplus can be calculated in a similar manner, by finding the areas under the demand curve and above the minimum wage, and the area below the minimum wage and above the supply curve, respectively.
e) The total consumer and producer surplus in part (c) will differ from that in part (d) due to the change in the number of drivers employed and the wage rate. With the minimum wage, the consumer surplus may decrease if some potential drivers are unable to find employment due to the higher wage requirement. Similarly, the producer surplus may decrease as the wage costs increase. The difference in the two figures can be explained by the changes in the quantity of drivers employed and the wage levels imposed by the minimum wage law.
learn more about wage here: brainly.com/question/15431287
#SPJ11
Which of he following statements about policy delivery is CORRECT?
A.The producer should deliver lhe policy before lhe Free Look period expires
B.The producer should deliver he policy in person and advise the insured to call the insurance company's home office if here are any questions.
C.The producer should mail the policy to the insured to reduce the chance that the insured will reconsider and return the policy.
D.The producer should explain the policy to the insured to increase lhe chance that the insured will understand the policy's benefits and keep it.
The correct statement about policy delivery is "B. The producer should deliver the policy in person and advise the insured to call the insurance company's home office if there are any questions."
This statement holds true because of the following reasons: The agent is responsible for delivering the policy to the policyholder.
The policy should be delivered in person, and the agent should explain the policy's benefits to the policyholder to ensure that he or she understands the policy's benefits, terms, and conditions.
The agent must ensure that the policy is delivered before the free-look period expires, which is typically ten days, to give the policyholder sufficient time to review and reconsider the policy.
This period is critical for policyholders because it allows them to review the policy in detail and, if necessary, return it for a refund.
The agent should also inform the policyholder about the policy's features and advise him or her to call the insurance company's home office if there are any questions.
For more such questions on policy delivery
https://brainly.com/question/32158879
#SPJ8
At December 31, Monty Corporation reports net income of $415,900. Prepare the entry to close net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Grouper Corporation was organized on January 1, 2020. It is authorized to issue 15,000 shares of 8%,$100 par value preferred stock, and 549,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 75,500 shares of common stock for cash at $6 per share. Mar. 1 Issued 5,950 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 24,500 shares of common stock for land. The asking price of the land was $93,000. The fair value of the land was $83,000. May 1 Issued 80,000 shares of common stock for cash at $4.25 per share. Aug. 1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $45,000 for services performed in helping the company organize. Sept. 1 Issued 10,500 shares of common stock for cash at $7 per share. Nov. 1 Issued 2,500 shares of preferred stock for cash at $114 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
The entry to close net income is a debit to Retained Earnings for $415,900.
Journal Entries:
Jan. 10: Cash ──┐ 455,700
└── Common Stock (549,000 × $6)
Mar. 1: Cash ───┐ 651,500
└── Preferred Stock (5,950 × $110)
Apr. 1: Land ────────────────┐ 93,000
└── Common Stock (24,500 × $4)
└── Paid-in Capital in Excess of Stated Value, Common Stock (24,500 × ($6 - $4))
May 1: Cash ───────────────────┐ 340,000
└── Common Stock (80,000 × $4.25)
Aug. 1: Organization Expense ──────────────┐ 45,000
└── Common Stock (10,000 × $4.50)
Sept. 1: Cash ────────────────────┐ 73,500
└── Common Stock (10,500 × $7)
Nov. 1: Cash ───┐ 285,000
└── Preferred Stock (2,500 × $114)
ANSWER: The entry to close net income is a debit to Retained Earnings for $415,900. The journal entries are as follows: Jan. 10: Cash $455,700, Common Stock $455,700; Mar. 1: Cash $651,500, Preferred Stock $651,500; Apr. 1: Land $83,000, Common Stock $98,000, Paid-in Capital in Excess of Stated Value, Common Stock $10,500; May 1: Cash $340,000, Common Stock $340,000; Aug. 1: Organization Expense $45,000, Common Stock $45,000; Sept. 1: Cash $73,500, Common Stock $73,500; Nov. 1: Cash $285,000, Preferred Stock $285,000.
To know more about Stock, click here:
brainly.com/question/31940696
#SPJ11
Which of the following is an example of the asset demand for money?
A. Joan believes that gold is an excellent store of value.
B. Since the stock market has been volatile lately, Jean holds most of her savings in a bank account.
C. Carla keeps $2,000 in a bank account in case of emergencies.
D. Marianne uses money in her checking account to buy groceries every week.
Asset demand for money refers to the demand for holding money to buy financial assets such as stocks, bonds, or other securities. An asset demand for money is one of the motives for holding money. The others include transactional and precautionary demand.The answer is none of the above.
Marianne uses money in her checking account to buy groceries every week. This is not an example of the asset demand for money. Rather, it represents the transactional demand for money, which refers to the demand for holding money to make purchases of goods and services for daily needs.
Therefore, the correct answer to the question "Which of the following is an example of the asset demand for money?" is none of the options provided because none of them represents the asset demand for money.The answer is none of the above.
To know more about Asset, refer to the link:
https://brainly.com/question/14826727#
#SPJ11
Which are NOT zero-coupon securities?
a.
TIPS
b.
Commercial papers
c.
Treasury bills
d.
Treasury STRIPS
Among the options provided, the securities that are not zero-coupon securities are TIPS (Treasury Inflation-Protected Securities), Commercial papers, and Treasury bills. The only correct option among the given choices is d. Treasury STRIPS.
Zero-coupon securities are financial instruments that do not pay periodic interest or coupon payments. Instead, they are issued at a discount to their face value and provide a return through the appreciation in their value over time.
TIPS, Commercial papers, and Treasury bills do not fall into this category as they have coupon payments or yield associated with them.
a. TIPS (Treasury Inflation-Protected Securities) are U.S. government bonds that offer protection against inflation. They provide investors with both periodic interest payments and adjustments to the principal value based on changes in the Consumer Price Index (CPI).
b. Commercial papers are short-term debt instruments issued by corporations to raise funds. They typically have a maturity of less than one year and pay periodic interest to investors.
c. Treasury bills are short-term government securities issued by the U.S. Treasury. They have a maturity of one year or less and are sold at a discount to their face value. Treasury bills also pay periodic interest to investors.
d. Treasury STRIPS (Separate Trading of Registered Interest and Principal of Securities) are zero-coupon securities created by separating the interest and principal payments of Treasury bonds or notes. They do not pay periodic interest but are sold at a discount and provide a return when they reach maturity.
Therefore, among the options given, TIPS, Commercial papers, and Treasury bills are not zero-coupon securities, while Treasury STRIPS are zero-coupon securities. Hence, D is correct option.
To know more about investors, click here-
brainly.com/question/29547577
#SPJ11
Describe three main elements of the compensation for a typical corporate executive. Would you rather have a compensation that is less powered in (i.e. related to or dependant on) performance or more powered in performance and why?
The compensation for a typical corporate executive typically consists of three main elements: base salary, bonuses, and long-term incentives. These elements aim to align executive compensation with company performance and provide incentives for executives to drive the organization's success.
(a) Base Salary:
The base salary represents the fixed portion of an executive's compensation and is typically determined based on factors such as job responsibilities, experience, and industry norms. It provides financial stability and serves as a foundation for the executive's compensation package.
(b) Bonuses:
Bonuses are performance-based incentives that are tied to specific goals and targets. They can be annual bonuses, usually based on short-term financial or operational objectives, or discretionary bonuses, which are awarded based on individual or company performance.
Bonuses motivate executives to meet or exceed performance expectations and reward their contributions to the organization's success.
(c) Long-Term Incentives:
Long-term incentives, such as stock options, restricted stock units, or performance shares, are designed to align executive interests with shareholders' interests. They provide executives with a stake in the company's long-term performance and encourage them to make decisions that drive sustainable growth and enhance shareholder value.
The question of whether it is preferable to have a compensation package that is less dependent on performance or more powered in performance is subjective and depends on various factors. However, a compensation package that is more powered in performance tends to have several advantages:
(a) Alignment of Interests:
Performance-based compensation aligns executive interests with those of the shareholders and the company. Executives are motivated to focus on achieving specific performance targets and creating long-term value for the organization.
(b) Accountability and Meritocracy:
Performance-based compensation promotes accountability and rewards executives based on their individual contributions and performance. It encourages a meritocratic culture where high performers are appropriately recognized and rewarded.
(c) Driving Results and Innovation:
Performance-based incentives encourage executives to drive innovation, improve operational efficiency, and take calculated risks to achieve superior performance. It can spur creativity and strategic thinking, leading to positive outcomes for the company.
Ultimately, the optimal balance between performance-based and non-performance-based compensation will vary based on the company's goals, industry dynamics, and the executive's role and responsibilities. It is crucial to design a compensation structure that supports long-term sustainable growth and fosters a culture of excellence and accountability.
Learn more about compensation from the given link:
https://brainly.com/question/30157900
#SPJ11
IS curve and multiplier effects (10 points) The key assumption to generate multiplier effects is that consumption also depends on temporary changes in income. How is this different from the standard set-up in the IS curve? Explain the economics reasoning why this modification generate multiplier effects?
In the standard set-up of the IS curve, consumption is typically assumed to depend only on permanent changes in income. This means that individuals' consumption decisions are based on their long-term expectations of income rather than temporary changes in income. The IS curve represents the equilibrium relationship between output (Y) and interest rates (r) in the goods market.
However, when we introduce the assumption that consumption also depends on temporary changes in income, it modifies the consumption function and generates multiplier effects. This modification reflects the notion of income fluctuations influencing consumer spending.
When individuals experience a temporary increase in income, they may choose to increase their consumption rather than save the entire amount. This increase in consumption leads to additional demand for goods and services, which stimulates production and income in the economy. The initial increase in income triggers a chain reaction of subsequent increases in consumption and output, creating a multiplier effect.
The economic reasoning behind this modification is rooted in the concept of the marginal propensity to consume (MPC). The MPC represents the fraction of each additional dollar of income that individuals choose to spend rather than save. When the MPC is greater than zero, temporary increases in income lead to higher consumption, which further increases aggregate demand and stimulates economic activity.
By incorporating the influence of temporary income changes on consumption, the modified IS curve captures the multiplier effects that occur when an initial change in autonomous spending (e.g., government spending or investment) ripples through the economy, generating additional rounds of spending and income.
Overall, the modification to the standard IS curve by considering the impact of temporary changes in income on consumption provides a more realistic representation of consumer behavior and allows for the analysis of multiplier effects in the economy. It highlights the importance of understanding how fluctuations in income can influence overall economic activity and the magnitude of the multiplier effect.
To know more about income, visit:
https://brainly.com/question/2386757
#SPJ11
Protex is a firm with market power that manufactures electronic wall safes used by both residential and commercial buyers. The firm has two separate plants where it produces its output. Engineers at the firm have estimated the variable costs of weekly production at each plant. These estimated functions are: TVC 1 =15Q 1 +0.5Q 1 2 and TVC 2 =40Q 2 +2Q 2 2 Notice that the variable costs of production are higher in plant 2 since it was the original manufacturing facility that was built in 2010. Plant 1 is a newer facility that was built in 2020 that takes advantage of newer technology and is therefore generally more efficient. The marketing department for the firm has estimated the following simple weekly demand function for the product: P=300−Q a. The company is considering whether to close the old plant. If it does, it will operate with plant 1 in a monopoly environment. Determine the profit maximizing output, price, and profits if it follows this strategy and fixed cost is $500 per week in the newer facility. b. If the company decides not to close the old plant, it will continue to operate both plants as a multi-plant monopoly. Determine the profit maximizing output at each plant and the total output. What price will the company charge and what are its profits if it follows this strategy and fixed costs are $500 per week at the old plant. c. Compare the outcomes of the 2 strategies and advise the firm on which strategy it should pursue. How exactly is it possible that utilizing both plants when one is clearly more cost efficient, produces higher profits than shutting down the relatively inefficient plant and serving the customer base using only the more efficient plant?
By operating both plants, the firm can produce a higher total output and potentially capture a larger market share, which can offset the higher costs of the less efficient plant.
a. If the company decides to close the old plant and operate with plant 1 as a monopoly, the profit-maximizing output can be determined by setting marginal cost equal to marginal revenue.
In this case, the marginal cost is given by the derivative of TVC1 with respect to Q1, which is MC1 = 15 + Q1, and the marginal revenue is equal to the derivative of the demand function with respect to Q, which is MR = 300 - 2Q.
Setting MC1 equal to MR, we have:
15 + Q1 = 300 - 2Q1
Solving for Q1, we get:
3Q1 = 285
Q1 = 95
Substituting this value of Q1 into the demand function, we can find the price:
P = 300 - Q1
P = 300 - 95
P = 205
The profit can be calculated as:
Profit = (P - MC1) * Q1 - Fixed Cost
Profit = (205 - (15 + Q1)) * Q1 - 500
Profit = (205 - 15 - 95) * 95 - 500
Profit = 95 * 95 - 500
Profit = $7,025
b. If the company decides to operate both plants as a multi-plant monopoly, the profit-maximizing output at each plant can be determined by setting marginal cost equal to marginal revenue for each plant. The marginal cost for plant 1 is MC1 = 15 + Q1, and for plant 2 it is MC2 = 40 + 4Q2.
Setting MC1 equal to MR and MC2 equal to MR, we have:
15 + Q1 = 300 - 2(Q1 + Q2)
40 + 4Q2 = 300 - 2(Q1 + Q2)
Solving these equations simultaneously, we can find the optimal outputs:
Q1 = 85, Q2 = 25
The total output is the sum of the outputs at each plant:
Total Output = Q1 + Q2
Total Output = 85 + 25
Total Output = 110
Substituting this value of Total Output into the demand function, we can find the price:
P = 300 - Total Output
P = 300 - 110
P = 190
The profit can be calculated as:
Profit = (P - MC1) * Q1 + (P - MC2) * Q2 - Fixed Cost
Profit = (190 - (15 + Q1)) * Q1 + (190 - (40 + 4Q2)) * Q2 - 500
Profit = (190 - 15 - 85) * 85 + (190 - 40 - 4 * 25) * 25 - 500
Profit = 85 * 85 + 25 * 25 - 500
Profit = $5,725
c. To compare the outcomes of the two strategies, we can compare the profits obtained from each strategy. The firm should pursue the strategy that results in higher profits.
It is possible that utilizing both plants, even with one being less cost-efficient, can lead to higher profits due to the economies of scale and the ability to meet a larger portion of the market demand. By operating both plants, the firm can produce a higher total output and potentially capture a larger market share, which can offset the higher costs of the less efficient plant.
Additionally, operating both plants allows the firm to potentially differentiate its products and serve different segments of the market. This can lead to higher overall profits by catering to a wider range of customer preferences.
Learn more about economies of scale here:
https://brainly.com/question/31601710
#SPJ11
You are an exemplary e-mailer, list Eight tips on how to handle
a proper e-mail? (8pts.)
1. Use a clear and concise subject line.
2. Use a professional and appropriate email address.
3. Start with a proper greeting.
4. Keep the email concise and focused.
5. Use proper grammar and punctuation.
6. Be polite and professional in your tone.
7. Include a professional email signature.
8. Proofread before sending.
1. Use a clear and concise subject line: Your subject line should accurately summarize the content of the email to grab the recipient's attention and help them understand the purpose of the email.
2. Use a professional and appropriate email address: Your email address should reflect your professionalism. Avoid using personal or unprofessional email addresses for business communication.
3. Start with a proper greeting: Begin your email with a polite and professional salutation, such as "Dear [Name]" or "Hello [Name]." This sets a respectful tone and shows consideration for the recipient.
4. Keep it concise and focused: Keep your email message clear and to the point. Avoid lengthy paragraphs and unnecessary details. Use bullet points or numbered lists when appropriate to improve readability.
5. Use proper grammar and punctuation: Proofread your email for grammar and spelling errors before sending it. Use proper punctuation and capitalization to ensure clarity and professionalism.
6. Be polite and professional: Use a polite and respectful tone throughout your email. Avoid using overly casual language or slang. Use words like "please" and "thank you" to maintain a courteous tone.
7. Use a professional email signature: Include a professional email signature at the end of your email. This should include your name, job title, contact information, and any relevant links or social media profiles.
8. Proofread before sending: Before hitting the send button, take a moment to review your email for any errors or omissions. Double-check the recipient's email address, attachments, and any other details to ensure accuracy.
Remember, effective email communication is crucial for maintaining professional relationships, so following these tips will help ensure your emails are well-crafted and professional.
learn more about professional here:
https://brainly.com/question/29735142
#SPJ11
The amount of planned real investment in the economy has a(n) (inverse/direct) relationship with the rate of interest
The amount of planned real investment in the economy has an inverse relationship with the rate of interest.
This means that as the rate of interest increases, the level of planned real investment tends to decrease, and as the rate of interest decreases, the level of planned real investment tends to increase.
When interest rates are high, it becomes more expensive for businesses and individuals to borrow money for investment purposes.
This discourages borrowing and reduces the level of planned real investment in the economy. On the other hand, when interest rates are low, borrowing costs decrease, making it more attractive for businesses and individuals to borrow money for investment.
This stimulates investment activity and increases the level of planned real investment.
The relationship between interest rates and investment is a key component of monetary policy.
Central banks often use changes in interest rates to influence investment levels and overall economic activity.
By lowering interest rates, central banks aim to stimulate investment and economic growth, while raising interest rates is done to cool down an overheating economy and reduce the risk of inflation.
Learn about more investment here: brainly.com/question/1294604
#SPJ11
The production possibilities curve represents
O the maximum combination of goods and services that can be produced with fixed resources and technology. given efficient use of the resources.
O the combinations of goods and services among which consumers are indifferent.
O the maximum amount of labor and capital available to society.
O the maximum rate of growth of capital and labor in a country.
The correct answer is: the maximum combination of goods and services that can be produced with fixed resources and technology, given efficient use of the resources.
The production possibilities curve (PPC), also known as the production possibilities frontier (PPF), is a graphical representation of the various combinations of two goods or services that can be produced within an economy, given a fixed set of resources (such as labor, capital, and technology) and efficient use of those resources.
The PPC shows the trade-offs and opportunity costs that occur when resources are allocated to produce one good or service over another.
The PPC assumes that resources are fully employed and efficiently utilized. It illustrates the maximum potential output that can be achieved by reallocating resources between the production of different goods or services.
Points along the curve represent efficient production combinations, while points inside the curve indicate underutilization of resources, and points outside the curve are unattainable with the given resources and technology.
Therefore, the production possibilities curve represents the maximum combination of goods and services that can be produced with fixed resources and technology, assuming efficient use of those resources.
To learn more about production possibilities, refer to the link:
https://brainly.com/question/25071524
#SPJ4
Buyers can be personally liable if the person makes a false statement concerning authority with intent to deceive or when the misrepresentation has the natural and probable consequence of misleading
True False
The statement “Buyers can be personally liable if the person makes a false statement concerning authority with intent to deceive or when the misrepresentation has the natural and probable consequence of misleading” is true in some situations.
The law of agency governs the relationship between two parties, an agent and a principal. It specifies the responsibilities and authorities that each of the parties has. An agent is someone who acts on behalf of another person called the principal.
In other words, the agent is authorized by the principal to do things that the principal can do themselves, and the agent's actions legally bind the principal. As a result, when an agent makes a false statement regarding authority with the intention of deceiving someone, the agent is violating their fiduciary duty to the principal.
The principal is the person who is responsible for the agent's conduct. As a result, the purchaser may be able to sue the principal for breach of contract or fraudulent conduct.In other situations, if a buyer makes a false statement or misrepresents themselves in order to deceive someone, they can be held liable.
This may include situations where a buyer misrepresents their finances or creditworthiness, or makes false claims about their ability to pay for a product or service. In general, it is advisable for both agents and buyers to act truthfully and transparently in all of their dealings to avoid any legal ramifications.
To know more about liable here
https://brainly.com/question/31356106
#SPJ11
Frank works at a large accountancy firm and has found material which he thinks indicates several clients are claiming tax deductions for purchases of goods in their businesses in the UK but selling them overseas in a country which is not required to report earnings in the UK. He is not sure whether the transactions constitute tax evasion or money laundering or what action to take.
Requirement
Briefly explain whether the actions constitute tax evasion and what responsibilities Frank's employer has in relation to monitoring anti-money laundering procedures.
The actions constitute tax evasion because several clients are claiming tax deductions for purchases of goods in their businesses in the UK but selling them overseas in a country that is not required to report earnings in the UK.
Frank’s employer has a responsibility in relation to monitoring anti-money laundering procedures.
As per the UK law, tax evasion is a criminal offense that is punishable by imprisonment or a fine.
The law states that taxpayers are required to pay tax on all their income, including any income earned abroad.
Frank’s employer has a responsibility to monitor anti-money laundering procedures as it is one of the measures that are taken to prevent and detect financial crime.
They need to have appropriate procedures in place to ensure that their staff, clients, and business associates are not involved in money laundering.
This includes carrying out background checks on clients, monitoring transactions for any suspicious activity, and reporting any suspicions to the relevant authorities.
In conclusion, Frank’s employer has a responsibility to monitor anti-money laundering procedures, and the actions of the clients constitute tax evasion.
Know more about tax evasion here:
https://brainly.com/question/16630324
#SPJ11
Which of the following statements is true about the markets around the world?
Answers:
A. China has lower gross domestic product (GDP) growth rate than the U.S.
B.Most of the developing countries remain ahead of the United States in terms of development and prosperity.
C.India's subscriber base for cell phones has grown explosively over the past five years.
D.China and India have a smaller opportunity to attract investments because of to their economic growth.
The statement that is true about the markets around the world is C. India's subscriber base for cell phones has grown explosively over the past five years.
Among the given options, statement C is the one that is true. India's subscriber base for cell phones has indeed experienced explosive growth over the past five years. India has witnessed a significant surge in mobile phone adoption, driven by factors such as affordability, technological advancements, and increased accessibility.
This growth has been fueled by the expanding reach of mobile network operators and the availability of affordable smartphones, making mobile phones more accessible to a larger population in India.
The proliferation of mobile phones has also had a transformative impact on various sectors, including e-commerce, digital payments, and communication services.
On the other hand, statement A is false as China has generally had higher GDP growth rates compared to the U.S. in recent years. Statement B is also false as many developing countries still face challenges in terms of development and prosperity, with the United States being a more advanced and prosperous economy.
Statement D is also false as both China and India have been attractive destinations for investments due to their strong economic growth rates and potential market opportunities.
Learn more about digital payments here:
https://brainly.com/question/30739089
#SPJ11
last year (period 18)? Assume an interest rate of 12 percent. The amount of money you have to deposit today is \( \uparrow \). (Round to the nearest cent.)
Deposit approximately $45,089.73 should me made to withdraw $58,000 per year for 8 years (periods 11 through 18) and an additional $16,000 in last year (period 16), assuming an interest rate of 12 percent.
To calculate the present value of the cash flows, we need to discount each cash flow back to the present using the given interest rate of 12 percent. The cash flows consist of an annuity of $58,000 per year for 8 years (periods 11 through 18) and an additional amount of $16,000 in the last year (period 16).
We can use the formula for the present value of an annuity and the present value of a single future amount to calculate the total present value.
Present Value of Annuity:
PV = A * [(1 - (1 + r)^(-n)) / r]
Present Value of Single Amount:
PV = F / (1 + r)^n
Where:
PV = Present Value
A = Annuity amount
r = Interest rate per period
n = Number of periods
F = Future amount
Calculating the present value of the annuity:
PV_annuity = $58,000 * [(1 - (1 + 0.12)^(-8)) / 0.12]
PV_annuity = $58,000 * (1 - 0.378984)
PV_annuity = $58,000 * 0.621016
PV_annuity = $36,012.93
Calculating the present value of the additional amount:
PV_additional = $16,000 / (1 + 0.12)^5
PV_additional = $16,000 / 1.762341
PV_additional = $9,076.80
Calculating the total present value:
Total PV = PV_annuity + PV_additional
Total PV = $36,012.93 + $9,076.80
Total PV = $45,089.73
Learn more about Interest rate here:
brainly.com/question/28236069
#SPJ11
Note: The complete question is:
(Present value of complex cash flows) How much do you have to deposit today so that beginning 11 years from now you can withdraw 58.000 a year for the next 8 year periods 11 through 1) plus an anato$16,000 the last year (period 16)? Assume an interest rate of 12 percent
The amount of money you have to deposit today is_ (Round to the nearest cent
How long will it take to save $100,000 depositing $1,000 every
quarter with 1.5% compounded quarterly?
We get:1.015n = 100,000/1,500 + 1n = log(67/61)/log(1.015)Using a calculator, we get:n ≈ 76.88 quarters. Therefore, it will take more than 76 quarters, or more than 19 years (since there are 4 quarters in a year), to save $100,000 depositing $1,000 every quarter with 1.5% compounded quarterly.
If we want to find out how long it will take to save $100,000 by depositing $1,000 every quarter with 1.5% compounded quarterly, we can use the formula for compound interest to calculate the number of quarters required to reach the target amount.Let's denote the quarterly deposit amount by P, the quarterly interest rate by r, and the target amount by A. Then, the formula for compound interest is:A = P[(1 + r)n - 1]/r,where n is the number of quarters. We want to solve for n given P = $1,000, r = 1.5% per quarter, and A = $100,000. Plugging in the values, we get:100,000 = 1,000[(1 + 0.015)n - 1]/0.015Multiplying both sides by 0.015 and adding 1 to both sides, we get:1.015n = 100,000/1,500 + 1n = log(67/61)/log(1.015)Using a calculator, we get:n ≈ 76.88 quarters. Therefore, it will take more than 76 quarters, or more than 19 years (since there are 4 quarters in a year), to save $100,000 depositing $1,000 every quarter with 1.5% compounded quarterly.
To know more about compounded visit:
https://brainly.com/question/14117795
#SPJ11
Bradley holds 250 shares in Wholesum Food Pty Ltd. The company paid a fully franked dividend of $8 per share on 1 June.
What amount can Bradley claim as a tax offset for the year?
$429
$857
$686
$229
The company paid a fully franked dividend of $8 per share on 1 June.
Bradley can claim $857 as a tax offset for the year.
Bradley can claim a tax offset for the fully franked dividend received from Wholesum Food Pty Ltd. The tax offset is calculated by multiplying the dividend amount by the franking credit rate, which is the company tax rate divided by the gross-up rate.
In this case, the dividend received is $8 per share. Since the dividend is fully franked, it means that the company has already paid the corporate tax on the dividend. The franking credit rate is typically 30%, which represents the current company tax rate in Australia.
Therefore, Bradley can claim a tax offset of $8 per share multiplied by the franking credit rate of 30%, resulting in a total tax offset of $2.40 per share. Since Bradley holds 250 shares, the total tax offset amount for the year would be $2.40 multiplied by 250, which equals $600. Thus, the correct answer is $600.
learn more about credit rate here:
https://brainly.com/question/28069498
#SPJ11