Beginning Work in Process = 44,400 Gallons
Transferred Out = 214,500 Gallons
Ending Work in Process = 23,500 Gallons
Percentage Complete = 8% (Conversion Costs)
44,400 gallons + 237,400 gallons = 281,800 gallons281
a. Compute the equivalent units for materials using the weighted-average method. The weighted average method considers the beginning work in process as well as the cost of units started and completed during the period to calculate the equivalent units of materials in the process.
The equivalent units of materials in the process can be calculated as follows: Equivalent Units = Units Completed and Transferred Out + (Ending Work in Process × Percentage Complete)For materials, the equivalent units can be calculated as follows:
Completed and Transferred Out = 214,500 gallons Ending Work in Process = 23,500 gallons × 8% = 1,880 gallons
Equivalent Units = 214,500 gallons + 1,880 gallons = 216,380 gallons
Therefore, the equivalent units for conversion costs using the weighted-average method is 216,380 gallons.
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B. Organizational Economics and Management (10) Our textbook says that "The financial structure of firms matter, and it matters a great deal." (p. 385) Why does it matter whether the firm is financed by selling bonds or stock to raise money for expansion? (10) (i) m maturity and indebtedness on more debt, firms in mature industries can alert the market to their intentions to rid 1.0.13selves of their residual, conveying the message to the market that managers' dis- asere continue to misuse the funds by reinvesting the relatively more debt and manather industries, then the firm can be ripe for a takeover. An in the mature industry or an opportunity to buy the stock at a depressed price, paying for the stock with debt. jaccrease in indebtedness can, by itself, raise the price of the stock, making the takeover profitable venture. However, if the takeover target is a disparate collection of production units that do not fit well together because of past management indiscretions in investmentr, the profit potential for the raiders is even greater. The firm should be worth more in pieces than as a single firm. The raiders can buy the stock at a depressed price, take charge, and break the company apart, selling off the parts for more than the purchase price. In the process, the market value of the "core business" can be enhanced. The bottom-line consequences of firms' financial structures The moral of this section should now be self-evident: the financial structure of firms matters, and it matters a great deal. By choosing the best combination of debt and equity in financing the firm's productive activities, managers can do a lot to keep the cost curves discussed earlier in this chapter as low as possible. Keeping those and remaining viable in a competitive market. This also means that choice firm will be subject to a takeover. The ket of show in Chapter 12, those executives and their boards that do not maximize the price of their stocks do have something to fear from corporate raiders.
The financial structure of a firm, whether it is financed through selling bonds or stock, is a critical factor that significantly impacts various aspects of the organization.
It influences the cost of capital and risk profile, which in turn affects the firm's viability and competitiveness. The choice between bonds and stock can signal important messages to the market, such as the firm's intentions, management's effectiveness, and potential takeover opportunities. Additionally, the financial structure plays a role in maximizing the price of the firm's stocks and keeping cost curves low. Overall, the financial structure of a firm holds substantial significance and should be carefully considered by managers.
The financial structure of a firm has a profound impact on its operations and outcomes. When deciding between selling bonds or stock to raise money for expansion, managers must consider several factors. One important consideration is the cost of capital. Bonds typically involve fixed interest payments, while stocks represent ownership in the company without a fixed payment obligation. Depending on market conditions and the financial health of the firm, one financing method may be more cost-effective than the other.
Moreover, the financial structure affects the risk profile of the firm. By taking on debt through bonds, the firm incurs a contractual obligation to repay the borrowed amount with interest. This increases the financial risk, as failure to meet these obligations can have serious consequences. On the other hand, selling stock dilutes ownership and can impact control over the company. This introduces different types of risks, such as the potential for hostile takeovers.
The choice between bonds and stock can also send important signals to the market. For example, if a firm in a mature industry increases its indebtedness, it may convey the message that management intends to divest itself of the residual assets. This can attract takeover interest, as potential acquirers see an opportunity to purchase the stock at a depressed price and potentially break up the firm to sell its parts for a profit.
Additionally, the financial structure plays a role in maximizing the price of the firm's stocks. Executives and boards who fail to maximize stock prices may face the threat of corporate raiders. Therefore, choosing the best combination of debt and equity in financing the firm's productive activities becomes crucial for maintaining low cost curves and remaining competitive.
In summary, the financial structure of a firm matters significantly. It affects the firm's cost of capital, risk profile, market signals, and potential for takeovers. Managers must carefully consider the implications of choosing between bonds and stock to ensure the firm's viability, competitiveness, and long-term success.
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*ECONOMICS* Which situation best illustrates the concept of absolute advantage?
O A. A factory in Vietnam can produce more shoes than other
countries.
O B. The total value of U.S. exports is lower than the value of the
country's imports.
O C. A software company is forced to increase its prices to pay for
rising labor costs.
D. A restaurant buys its ingredients from nearby farms to help the
local economy.
Answer:
O A. A factory in Vietnam can produce more shoes than other
countries.
Explanation:
Absolute advantage is the capability of a commercial entity to produce goods using fewer resources compared to rivals. Using the same inputs, an entity with an absolute advantage produces a larger output compared to competitors. It means the firm has a lower marginal cost of production. Therefore, its products will have the lowest prices in the market.
The factory in Vietnam has an absolute advantage in producing shoes. It is using fewer resources than rivals to manufacture shoes, that why it is producing a higher quantity.
What does it mean to have liability for a company?
A. It means your company is late in paying its taxes.
B. It means you have a conflict of interest because you are in a position where you can take unfair advantage of your customers.
C. It means your company is able to sue other companies that use your trademark.
D. It means you can be held personally accountable for the financial debts and illegal actions of your company.
Answer:
D
Explanation:
got it right on Edge
How important is body language? Explain your opinion.
Answer:
Our body language helps others identify our emotions, status and even our lifestyle. Non-verbal communication plays a significant role in conjunction with the spoken words. ... Any sign of conflict between the body language and our words can make us appear untrustworthy and deceptive.
Select the one which is not a characteristic of services.a. Services usually have the customer involved in the process.b. Does not exist prior to purchase.c. Ownership is transferred at the time of purchase.d. Intangible.
The option that is not a characteristic of services is c) ownership is transferred at the time of purchase. Services are intangible, meaning they cannot be touched or owned like physical products.
Additionally, services often require customer involvement in the process, as the customer is typically receiving the service. Unlike physical products, services do not exist prior to purchase, as they are often created and delivered inreal time. Therefore, the correct answer is c) ownership is not transferred at the time of purchase when it comes to services. Instead, the customer is paying for the service and the experience it provides.
Your answer: The option that is not a characteristic of services is c. Ownership is transferred at the time of purchase. Services are distinct from goods in various ways, including their intangible nature, customer involvement, and lack of prior existence. However, unlike tangible goods, services do not involve the transfer of ownership upon purchase, as they are typically consumed and experienced rather than owned.
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In 2009 dollars, u. S. Gdp was $1057 billion at the start of the great depression but fell to $778 billion by 1933. What percentage decline does this represent?.
The percentage decline in the US GDP from 1933 to 2009 is 26.4%.
What is the percentage change in US GDP?
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
Percentage change in GDP = (778/1057)- 1 = 26.4%
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The IRS: a.provides information on how to choose a stock. b.has an app for mobile phones. c.links to the ProConnect Tax web site. d.requires official tax forms be obtained at the local IRS office.
The IRS: provides information on how to choose a stock, has an app for mobile phones and links to the ProConnect Tax web site
So, the correct answer is A , B and C.
The IRS (Internal Revenue Service) is a government agency that provides taxpayers with information and resources to fulfill their tax obligations.
One of the services offered by the IRS is guidance on how to choose a stock, providing information on tax implications of investment decisions.
The IRS also has an app available for mobile phones that allows taxpayers to check the status of their tax refund and make payments.
In addition, the IRS links to the ProConnect Tax web site, which provides tax professionals with tools and resources to assist their clients. However, it is important to note that official tax forms must be obtained at the local IRS office, as they cannot be downloaded or printed from the IRS website.
Hence, the answer of the question is A, B and C
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prove that the points (- 6 - 8) (- 16 12) and( - 26 - 18) are the vertices of an isosceles right angled triangle
Answer:
The answer is "True".
Explanation:
Given points:
\(A= (-6,-8)\\B=(-16, 12)\\C=(-26, -18)\\\)
Condition of the right-angle triangle is: \(\bold{AC^2= AB^2+BC^2}\)
Formula to find length:
\(Length= \sqrt{(x_2-x_1)^2+(y_2-y_1)^2}\)
\(AC = (-6,-8)(-26,-18)\\\\x_1= -6 \ \ y_1=-8 \ \ \ and \ \ \ x_2=-26 \ \ y_2=-18\\\)
\(\Rightarrow AC= \sqrt{(-26-(-6))^2+(-18-(-8))^2}\\\\\Rightarrow AC= \sqrt{(-26+6))^2+(-18+8))^2}\\\\\Rightarrow AC= \sqrt{(-20))^2+(-10))^2}\\\\\Rightarrow AC= \sqrt{400+100}\\\\\Rightarrow AC= \sqrt{500}\\\\\)
\(AB = (-6,-8)(-16,12)\\\\x_1= -6 \ \ y_1=-8 \ \ \ and \ \ \ x_2=-16 \ \ y_2=12\\\)
\(\Rightarrow AB= \sqrt{(-16-(-6))^2+(12-(-8))^2}\\\\\Rightarrow AB= \sqrt{(-16+6))^2+(12+8))^2}\\\\\Rightarrow AB= \sqrt{(-10))^2+(20))^2}\\\\\Rightarrow AB= \sqrt{100+400}\\\\\Rightarrow AB= \sqrt{500}\\\\\)
\(BC = (-16,12)(-26,-18)\\\\x_1= -16 \ \ y_1=12 \ \ \ and \ \ \ x_2=-26 \ \ y_2=-18\\\)
\(\Rightarrow BC= \sqrt{(-26-(-16))^2+(-18-12)^2}\\\\\Rightarrow BC= \sqrt{(-26+16))^2+(-30)^2}\\\\\Rightarrow BC= \sqrt{(-10)^2+(-30)^2}\\\\\Rightarrow BC= \sqrt{100+900}\\\\\Rightarrow BC= \sqrt{1000}\\\\\)
\(\Rightarrow {AC^2= AB^2+BC^2}\\\\\Rightarrow (\sqrt{1000})^2= (\sqrt{500+500})^2\\\\\Rightarrow 1000=1000\\\)
The angle is right-angled triangle
The internet makes it more difficult to participate in international trade.
TRUE OR FALSE
Answer:
TRUE
Explanation:
Because it's giving every player a chance.
which feature should be used prior to finalizing a presentation to ensure that the audience members with disabilities will be able to understand the message that a presenter is trying to get across
Answer:
B: Accessibility Checker
Explanation:
DLC Company, a technology startup, is undergoing a new round of financing and seeks to entice bondholders by offering multiple types of debt. One set of bonds has detachable warrants. At the beginning of the current fiscal year, DLC issued $5,000,000 of 10% bonds for $5,210,000. Each $1,000 bond had 20 detachable warrants, and each of these warrants was redeemable for one share of DLC $1 par value stock at a price of $25. The fair value of a warrant was $10.
Required:
a. Determine the value to be assigned to the bonds and the warrants and prepare the journal entry to record the issuance of the convertible bonds.
b. Assume that 4,000 warrants are subsequently exercised. Prepare the journal entry for the issuance of the common stock.
The value to be assigned to the bonds and the warrants, we need to calculate the proceeds received from the issuance of bonds, the value of the bonds, the value of the warrants, and the interest expense.
Proceeds received from bonds issuance: $5,210,000
Value of bonds: $5,000,000
Value of warrants: 20 x $10 = $200
Interest expense: $5,000,000 x 10% = $500,000
The journal entry to record the issuance of the convertible bonds would be:
Debit: Cash $5,210,000
Debit: Discount on bonds payable $210,000
Debit: Warrants $200
Credit: Bonds payable $5,000,000
b. To record the exercise of 4,000 warrants, we need to calculate the number of shares issued and the proceeds received from the exercise of the warrants.
Number of shares issued: 4,000 x 1 = 4,000
Proceeds received: 4,000 x $25 = $100,000
The journal entry for the issuance of the common stock would be:
Debit: Common stock $40,000
Debit: Additional paid-in capital $60,000
Credit: Cash $100,000
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fill in the blank question. when a company has low fixed costs and flexible manufacturing technologies are not available, it would be (less or more?) likely to manufacture at one facility.
When a company has low fixed costs and flexible manufacturing technologies are not available, it would be more likely to manufacture at one facility.
In this scenario, having low fixed costs means that the company does not have significant investments tied to multiple facilities, making it more economical to concentrate manufacturing activities in a single location. Additionally, the absence of flexible manufacturing technologies limits the company's ability to adapt and adjust production processes across different facilities efficiently.
By centralizing manufacturing at one facility, the company can streamline operations, optimize resource utilization, and potentially achieve economies of scale. This approach allows for easier coordination, cost control, and simplification of logistics compared to managing multiple facilities.
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Exercise 8-5Allowance for doubtful accounts L02,3 At the end of its annual accounting period, Midi Company estimated its bad debts as 0.75% of its $1,750,000 of credit sales made during the year. On December 31, Midi made an addition to its Allowance for Doubtful Accounts equal to that amount. On the following February 1, management decid- that the $2,600 account of Catherine Hicks was uncollectible and wrote it off as a bad debt. Four months later, on June 5, Hicks unexpectedly paid the amount previously written off. Give the journal entries required to record these transactions.
The journal entries required to record the transactions involving the estimation of bad debts, addition to the Allowance for Doubtful Accounts, and subsequent write-off and recovery of a specific account are provided below.
The estimation of bad debts based on credit sales is recorded by increasing the Allowance for Doubtful Accounts. The journal entry on December 31 would be a debit to Bad Debt Expense and a credit to Allowance for Doubtful Accounts.
The subsequent write-off of Catherine Hicks' account on February 1 is recorded by debiting Allowance for Doubtful Accounts and crediting Accounts Receivable. However, when Hicks unexpectedly pays the previously written-off amount on June 5, the journal entry would be a debit to Accounts Receivable and a credit to Allowance for Doubtful Accounts, effectively reversing the write-off entry.
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If New Zealand's terms of trade rises then
Select one: a. the value of NZ's exports must have risen.
b. New Zealand can purchase a greater quantity of imports for a given quantity of exports.
c. the quantity of exports must have risen.
d. New Zealand goods and services have become less competitive on the world stage.
If New Zealand's terms of trade rise, the correct statement would be:
b. New Zealand can purchase a greater quantity of imports for a given quantity of exports.
What is meant by terms of tradeTerms of trade refer to the ratio between the prices of a country's exports and the prices of its imports. When the terms of trade rise, it means that the prices of a country's exports increase relative to the prices of its imports.
Option a, stating that the value of NZ's exports must have risen, is not necessarily true. While a rise in terms of trade may result from an increase in export prices, it can also occur if import prices decrease.
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• Sheldon and Odessa Sanford are married and elect to file Married Filing Jointly.
• Sheldon is 73 years old and Odessa is 64 years old. Odessa earned $33,000 in Wages.
• After 30 years of service, Sheldon retired from his job on February 1, 2018. During his career, Sheldon contributed pre-tax dollars to a qualified 401(k) retirement plan through his employer. His retirement is fully taxable. Sheldon also received Social Security benefits of $7,600.
• Sheldon and Odessa are not blind and cannot be claimed as dependents by another taxpayer.
• Sheldon and Odessa are U. S. Citizens and have valid Social Security numbers.
Sheldon must take a required minimum distribution from his retirement plan by December 31, 2020 to avoid an additional tax due.
a True
b. False
Sheldon and Odessa's standard deduction is $_________
Sheldon and Odessa's standard deduction = \(& $\$ 26,100$ \\\)
What is Standard Deduction ?The standard deduction is a set sum of money that lowers the amount of income that is subject to taxation.
Your standard deduction is the sum of the basic standard deduction and any additional standard deductions for old age or blindness.
According to the given information
We are given with the following Information
Standard deduction for a married \((MFJ) & = $\$ 24,800$ \\\)
Addition Standard deduction for age above 65 or blind = \(& $\$ 1,300$ \\\)
Sheldon and Odessa's standard deduction = \(& $\$ 26,100$ \\\)
Hence
Sheldon and Odessa's standard deduction = \(& $\$ 26,100$ \\\)
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How can two companies with identical P & L statements (identical profitablity) at year end provide different annual returns to each of their investors? Which company is the riskier investment? Discuss some different scenarios that result in different levels of risk in each of the cases. Cite outside articles/material.
Two companies with identical profit and loss (P&L) statements can provide different annual returns to investors due to various factors, including their capital structure, risk management practices, growth prospects, and market conditions.
Firstly, differences in capital structure can impact returns. If one company has a higher proportion of debt in its capital structure, it may have higher interest expenses, which can reduce profitability and ultimately result in lower returns for equity investors. On the other hand, a company with lower debt levels may have lower interest expenses and higher returns for equity investors.
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The model of organizational change that helps change agents diagnose the forces that drive and restrain proposed change is ______.
The model of organizational change that helps change agents diagnose the forces that drive and restrain proposed change is Lewin's force field analysis model.
Force field analysis provides a framework for examining the factors that influence situations that are social in nature. Deal with forces that propel movement toward a goal or block movement toward a goal.
Lewin's force field analysis is used to distinguish which factors within a situation or organization move a person toward or away from the desired state and which factors are counteracting the driving force. You can analyze these and make decisions that are more amenable to change.
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Would you consider an entrepreneur a consumer or producer? Explain your answer.
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOU11. Which of these does NOT represent a type of credit?
*
1 point
A certificate of deposit (CD)
A credit card
A mortgage
A certificate of deposit (CD) does not represent a type of credit.
A certificate of deposit (CD) does not represent a type of credit. A certificate of deposit is a financial instrument offered by banks and credit unions that allows individuals to deposit a certain amount of money for a fixed period of time, typically ranging from a few months to several years. In return, the financial institution pays the depositor a fixed interest rate.
Unlike credit cards and mortgages, which involve borrowing money, a CD involves depositing money with the financial institution. The individual essentially lends money to the institution, and in return, earns interest on the deposited amount. The interest rate offered on a CD is predetermined and agreed upon at the time of purchase.
CDs are considered to be a low-risk investment option because they are typically insured by the government up to a certain amount. They provide a stable and predictable return on investment, making them attractive to individuals who prioritize safety and want to preserve their principal.
In summary, while credit cards and mortgages involve borrowing money, a certificate of deposit is not a type of credit. Instead, it is a financial instrument that allows individuals to deposit money with a financial institution and earn a fixed interest rate over a specified period of time.
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Suppose GDP for 2020 was (in millions) $1,500, wages and salaries were $800, rent payments were $200, consumption was $1000, and interest payments were $200. What must the value of profits have been
GDP for 2020 was (in millions) $1,500,wages and salaries were $800,rent payments were $200,consumption was $1000, and interest payments were $200.
Find the value of profits:We know that:GDP = C + I + G + (X - M)Here, the value of GDP is $1,500Consumption (C) = $1,000Interest payments (I) = $200Therefore, investment (I) = GDP - C - I= $1,500 - $1,000 - $200= $300Further, we know thatNational Income = wages and salaries + rent payments + interest payments + profitsHere.
wages and salaries = $800Rent payments = $200Interest payments = $200National Income = $800 + $200 + $200 + Profits= $1,200 + ProfitsTherefore, Profits = National Income - ($1,200)= $1,500 - $1,200= $300Therefore, the value of profits must have been $300 million.Hence, the required value of profits was $300 million.
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what is stopping producers of fruits and veggies to use marketing techniques similar to large food processing and manufacturing organizations such as pepsico?
Extending regenerative farming practices, a collection of methods that enhance and restore ecosystems with a focus on improving soil health and fertility, lowering carbon emissions, improving watershed management, increasing biodiversity, and enhancing farmer livelihoods, is a crucial component of positive agriculture.
What is Positive Agriculture Goals?In order to achieve our long-term goal of a sustainable agricultural supply chain, we have established standards for both our internal operations and our supply chain. By 2020, we want to sustainably procure for our company potatoes, whole corn, oats, oranges, palm oil, and cane sugar. By 2025, we want to do the same for additional important crops, like vegetable oils that we don't buy directly from farmers. With 2030 aims to obtain crops and ingredients in a way that accelerates regenerative agriculture and strengthens agricultural communities, we announced a new, impact-driven Positive Agriculture ambition in 2021 to build on the progress made.Adopting regenerative farming methods on 7 million acres1, or roughly 100% of the land used globally to produce our products' key crops and ingredients. By 2030, greenhouse gas (GHG) emissions are anticipated to be reduced by at least 3 million tons as a result of these efforts. We will continue to work with farmers to adopt practices that improve and restore ecosystems while advancing the progress made with the Sustainable Farming Program (SFP) over the past almost ten years.100% of essential ingredients are sourced sustainably2, and this extends to key crops from outside sources, such as grains and vegetable oils, in addition to our own grower-sourced products (potatoes, whole corn, and oats).Enhancing the livelihoods of more than 250,000 people in our agricultural supply chain and communities, including the economic empowerment of women. We will concentrate our efforts on the most vulnerable farming communities connected to our global value chain, including smallholder farmers and farm workers, women, and farmers from underrepresented groups. We will continue to advance this objective through a variety of partnerships, including those with the German Agency for International Cooperation, the Inter-American Development Bank, CARE, the National FFA Organization, and the United States Agency for International Development.To Learn more About positive agriculture refer to :
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According to your results of the test, write a 4-5 sentence summary of your personality.
My test results describe me as a ______ parrot______ (animal), which means that I…
WHOEVER HELPS GETS 20 POINTS
Answer: am rebellious, outgoing, and expressive
Explanation:
Dole Corp.'s accounts payable at December 31, 2020, totaled $900,000 before any necessary year-end adjustments relating to the following transactions: On December 27, 2020, Dole wrote and recorded checks to creditors totaling $350,000. However, the checks were mailed out on January 10, 2021. On December 28, 2020, Dole purchased and received goods for $150,000, terms 2/10, n/30. Dole records purchases and accounts payable at net amounts. The invoice was recorded and paid January 3, 2021. Goods shipped f.o.b. destination on December 20, 2020 from a vendor to Dole were received January 2, 2021. The invoice cost was $65,000. At December 31, 2020, what amount should Dole report as total accounts payable
Answer: $1,400,000
Explanation:
The checks to creditors were only mailed out in January so the creditor accounts had not been settled in December.
The goods purchased on December 28 should be included in the accounts payable account.
The goods that were shipped FOB Destination and were not yet delivered at year end will not be accounted for because FOB destination means that Dole will only take ownership when it reaches them.
Accounts payable is therefore:
= 900,000 + 350,000 + 150,000
= $1,400,000
Tom elects the Life Income with 10-year Period Certain settlement option. Tom dies in year 6. The beneficiary receives payments for _______.
A. Life
B. 4 years
C. 10 years
D. 6 years
Answer:
B. 4 years
Explanation:
As per the certain life income period, the guaranteed payments for the recipient lifetime or the specified time duration whichever is more.
Now if the recipient dies before the certain period ended, so the payments would be continued to the other beneficiary unless there is an end for the certain period
So, in the given situation, the payments would be received for
= 10 years - 6 years
= 4 years
Hence, the correct option is B. 4 years
What is a celebrity endorser?
the income tax requires that taxpayers pay 10percent on the first $40,000 of income and 20 percent on all income over $40,000. karen paid $6,000 in taxes. what were her marginal and average tax rates?
To find Karen's marginal tax rate and Average tax rate, we need to first determine her total income.
Given that taxpayers pay 10% on the first $40,000 of income and 20% on all income over $40,000, and Karen paid $6,000 in taxes, we can set up the following equations:
1. If Karen's income is less than or equal to $40,000:
Income * 10% = $6,000
Income = $60,000
2. If Karen's income is greater than $40,000:
$40,000 * 10% + (Income - $40,000) * 20% = $6,000
Solving equation 1, we find that Karen's income is indeed less than or equal to $40,000:
$60,000 * 10% = $6,000
Now, we can calculate her marginal and average tax rates:
Marginal tax rate: Since Karen's income is within the first tax bracket ($0 - $40,000), her marginal tax rate is 10%.
Average tax rate: The average tax rate is calculated by dividing the total taxes paid by the total income. In this case:
Average tax rate = ($6,000) / ($60,000) = 0.1 = 10%
So, Karen's marginal tax rate is 10% and her average tax rate is also 10%.
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wth fill in the blanks
Bankruptcy
Cash
Check
Credit
Debit
Debt
Foreclosure
Expenditures
Credit Card
Debit Card
Impulse Buying
Long-Term Goals
Needs
Short-Term Goals
Wants
Budget
Discretionary Income
Fixed Expenses
Variable Expenses
Scarcity
(not all the words are being used)
1. The amount of financial trust extended to a person or a business by a lender; a loan.
2. Money owed.
3. A legal process that gives a debtor protection from creditors.
4. Goods or services that make people more comfortable or content but which are not necessary for survival.
5. Goods or services that people cannot survive without, such as water, food, shelter, and clothing.
6. Money that is spent on goods, services, and bills.
7. A purchase based on an immediate want or due to the pressure of advertising.
8. Plans that take a year or more to accomplish.
9. Plans that can be accomplished within three months to a year.
10. A record of income and spending and a plan for managing money.
11. Money available to spend on goods and services that are not essential.
12. The economic condition of limited resources that prevents people from having everything they want.
13. Expenses that do not change from month to month, such as auto insurance or rent.
Answer:
1. Credit 2. Debt 3. Bankruptcy 4. Wants 5. Needs 6. Cash 7. Impulse Buying 8. Long-term goals 9. Short-term goals 10. Budget 11. Discretionary income 12. Scarcity 13. Fixed Expenses
Explanation:
Businesses use firewalls to protect their networks from internal threats.
O True
False
Is money the root of all evil?
Answer:
No
Explanation:
the lo.ve of mone.y is a root of all kinds of e.v.il” or simply “for the love of money is the root of all e.vil.” Not m.oney itself, but the love of money. That's a key dis.tin.ction. Money itself is neither good nor e.vil.
hope it helps
:DD