Answer:
$1,505
Explanation:
Calculation for Joan's travel expense deduction for the trip
Travel expense deduction= $975 (flight) + $300 (business hotel) + $140 (business meals $280 x 50%) + $90(business car)
Travel expense deduction=$1,505
Therefore Joan's travel expense deduction for the trip will be $1,505
A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $21,832 representing a loss of $3,248. Determine the amount that would appear in the operating activities section of the statement of cash flows based on this transaction.
In the operating activities section of the statement of cash flows, the amount related to this transaction would be the loss of $3,248 added back to the net income.
In the indirect method of preparing the statement of cash flows, the operating activities section includes adjustments to net income for non-cash items and changes in working capital. The sale of a fixed asset and the loss incurred from it are both non-cash items that need to be considered.
Since the loss from the sale of the fixed asset is $3,248, this loss is added back to the net income when calculating the operating activities section. This is because the loss is a non-cash expense and does not represent an actual outflow of cash.
Therefore, in the operating activities section of the statement of cash flows, the amount related to this transaction would be the loss of $3,248 added back to the net income. This adjustment would increase the net income by $3,248 in the operating activities section, reflecting that the loss from the sale of the fixed asset does not affect the cash generated or used by the operating activities of the corporation.
For more such questions on transaction
https://brainly.com/question/1016861
#SPJ8
'Teaching profession is an important profession of nation' Justify this statement.
Answer:
A teacher plays a role of a mentor as well as of a facilitator.
Explanation:
Teachers instill knowledge and skills in our youngsters of the nation. They are the nation builders. The state of teaching is stronger because teachers everywhere are leading from their classrooms and taking over new roles to enhance education for teenagers.
A teacher plays a role of a mentor as well as of a facilitator.
Which of the following is NOT included on a cash flow statement?
a. collections from customers
b. payments to suppliers
c. cash tax payments
d. existing fixed assets such as machinery
Alice isn't sure which labor rate to use for employees in her project budget. Which employee labor rate should you tell her to use
Burden rates are a method of accounting for labor costs on your project. Essentially, each employee costs you a specific amount to have at your organization, and that cost is measured on your projects when they work on them.
How do you calculate labor costs?Add the whole cost of what an employee spends to manufacture a product or provide a service. Their earnings, taxes, and benefits are all included. Then divide that figure by the number of hours worked by the employee.
Labor cost percentages range from 20 to 35 percent of gross sales on average. Appropriate percentages differ depending on the industry. A service company may have an employee percentage of 50% or higher, but a manufacturer must normally maintain the figure of around 30%.
Learn more about labor rates here:
https://brainly.com/question/28341634
#SPJ1
Compute the price of an American call option with strike K = 110 and maturity T = .25 years. See 1. American Put Option excel sheet - A 15-period binomial model The price of the American call option = 2.604
On a recent job repairing a small boat engine, Marine Repairs Company worked 21 hours and used parts with a cost of $1,500. Marine
Repairs Company charges $80 per hour of labor and has a material loading charge of 60%.
Calculate the total bill for repairing the small boat engine.
The total bill for repairing the boat in question based on the hours worked and the materials is $4,080.
To calculate the total bill for the repairs, the formula is:
= Labor cost + Material cost + Material loading coast
Solving would be:
= (21 hours x 80) + 1,500 + (1,500 x 60%)
= 1,680 + 1,500 + 900
= $4,080
In conclusion, the total bill is $4,080.
Find out more at https://brainly.com/question/8196036.
A source document should always do which of the following?
A. Be printed on paper
B. Record the date of the transaction
C. Bear an authorized
D. Include a number that can be used for recording
Answer:
Record the date of transaction
Explanation:
a document that tracks a company's income and expenses is referred to as
Answer:
a financial statement
Explanation:
Financial statements are a direct product of accounting reporting systems that, in their essence and purpose, reflect performance, ie. performance of the company for a certain period of time, its financial and structural position, as well as the position of liquidity on the selected balance sheet date.
The main purpose of their compilation is reflected in the information service of various interest groups that rely on them in the process of making important decisions, often as the only available source of information. As such, they are prepared and presented at the end of the business year, with the possibility of semi-annual or quarterly reports.
What could be driving the tremendous growth in Salesforce.com’s stock price and revenue? and Why do you think investors put such a high premium on Salesforce.com’s stock?
Salesforce's fourth quarter of fiscal 2023, which concluded on January 31, saw a 14% year-over-year increase in revenue to $8.4 billion. Wall Street forecasts projected for $8 billion in revenue, thus this exceeded their projections.
Why investors put such a high premium on Salesforce.com’s stock?
Shares of Salesforce (CRM) are soaring after the software giant reported profits that above analyst expectations, provided a more optimistic outlook, and announced intentions to increase stock buybacks in response to pressure from activist investors. Salesforce's $8.4 billion in revenue increased by 14%, above the predicted 9.2% rise. The yearly revenue for Salesforce in 2023 was $31.352 billion, an increase of 18.35% over 2022.
Salesforce's yearly sales in 2022 increased by 24.66% from 2021 to $26.492 billion. A 24.3% rise from 2020, Salesforce's yearly revenue in 2021 was $21.252 billion. According to valuation criteria, Salesforce Inc. can be overpriced. It would not be a good choice for value investors, according to its Value Score of D. CRM's financial stability and expansion prospects show that company has the potential to perform worse than the market.
Learn more about growth:
https://brainly.com/question/28789953
#SPJ1
What is the meaning of this question
Answer:
You either want someone to get points or there is no meaning to the quesiton
Explanation:
ummm... common sense :)
Which of the following sections of a business plan comes first but should be written last?
A. Goals and Strategy
B. Executive Summary
C. Products and Services
D. Funding Request
Please select the best answer from the choices provided
Answer:
its B
Explanation:
Answer:
B, executive summary
Explanation:
yes or no. Is the Broker website powered by MLS data?
Consider the following payoff matrix for a game in which two firms attempt to collude under the Bertrand model:
Firm B cuts Firm B colludes
Firm A cuts 6,6 24,8
Firm A colludes 8,24 12,12
Here, the possible options are to retain the collusive price(collude) or to lower the price in attempt to increase the firm's market share (cut). The payoffs are stated in terms of millions of dollars of profits earned per year. What is the Nash equilibrium for this game?
a. Both firms cut prices.
b. Both firms collude.
c. B cuts and A colludes.
d. A cuts and B colludes.
Answer:
A
Explanation:
Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing.
Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.
For either firm, the payoff of cutting price is either 6 or 24
For either firm, the payoff of colluding is either 8 or 12
the dominant strategy for both firms is to cut price because it is the best option regardless of what the other firm does as it yields the highest payoffs.
Thus, the Nash equilibrium is to cut price
Why is it risky for a bank to make a loan?
A truck acquired at a cost of $195,000 has an estimated residual value of $10,200, has an estimated useful life of 56,000 miles, and was driven 5,000 miles during the year. Determine the following:
a. The depreciable cost $___________
b. The depreciation rate $__________ per mile
c. The units-of-activity depreciation for the year $__________
Answer:
a. $184,800
b. 3.3 per miles
c. 16,500
Explanation:
(a) Calculation to determine The depreciable cost
Depreciable cost =Cost - estimated residual value
Depreciable cost=$195,000- $10,200
Depreciable cost=$184,800
(b) Calculation to determine The depreciation rate
Depreciation rate = $184,800/useful life 56,000 miles
Depreciation rate =3.3per mile
(c) Calculation to determine The units-of-activity depreciation for the year
Units-of-activity depreciation =3.3per mile*5,000 miles
Units-of-activity depreciation=16,500
Therefore The units-of-activity depreciation for the year is 16,500
Your brother-in-law has a coin collection. Today, two of his coins are each valued at $250. One coin is expected to increase in value by 6 percent annually while the other coin is expected to increase in value by 4.5 percent annually. If the estimated increases in value turn out to be accurate, what will be the difference in the value of the two coins 15 years from now?
a. $115.32
b. $205.94
c. $241.79
d. $252.64
e. $280.15
Answer:
a. $115.32
Explanation:
the first coin will be worth:
future value = present value x (1 + interest rate)ⁿ = $250 x 1.06¹⁵ = $599.14
the second coin will be worth:
future value = present value x (1 + interest rate)ⁿ = $250 x 1.045¹⁵ = $483.82
the difference in value = $599.14 - $483.82 = $115.32
Discuss two social factors that may contribute unemployment in South Africa amongst the youth
The two social factors that may contribute to unemployment in South Africa amongst the youth are:
IlliteracyLack of productivityWhat is Unemployment?This refers to the process of not being employed and being out of work either through not being qualified or considered surplus to requirements.
With this in mind, we can see that the low education levels which is essentially illiteracy or semi literacy is one of the biggest factors in youth unemployment in South Africa and also the lack of productivity.
Read more about unemployment here:
https://brainly.com/question/734393
Which factor would credit card companies most likely use to determine an
applicant's creditworthiness?
A. Hourly wages
B. Languages spoken
C. Political party
D. Size of family
A factor that credit card companies would most likely use to determine an applicant's creditworthiness is Hourly wages.
Credit card issue
When you apply for a credit card, you’re required to share an array of personal information on your application. This will include details like your name, address, Social Security number and current employment status. You’ll also be asked to list your income on your application, although the type of income card issuers ask for can vary depending on the card issuer.
Determination of hourly wages
Not all credit card issuers will ask for your annual net income. Some may explicitly ask for your gross income. If you are paid an hourly wage, on the other hand, you may need to figure out your gross income using last year’s tax return or by multiplying your gross weekly income by the number of weeks you work within a year.
Thus, A factor that credit card companies would most likely use to determine an applicant's creditworthiness is Hourly wages.
Learn more from here - brainly.com/question/3877385
#SPJ2
A DEATH BENEFIT THAT ADJUSTS PERIODICALLY AND IS WRITTEN FOR A SPECIFIC PERIOD OF TIME
Answer:
Image result for A DEATH BENEFIT THAT ADJUSTS PERIODICALLY AND IS WRITTEN FOR A SPECIFIC PERIOD OF TIME
Term life insurance guarantees payment of a stated death benefit to the insured's beneficiaries if the insured person dies during a specified term. Term life premiums are based on a person's age, health, and life expectancy.
Explanation:
Does anyone know how to do this worksheet? I’m very confused.
Answer: Look up the definitions.
Explanation:
I know this isn’t very helpful but knowing what the definitions of the words will help a LOT.
Also, does anyone have an answer to Why did the history of digital animation begin in 1946?
2. You are an adult employed in your favorite career. You earn $9.10 per
hour. Every hour over 40 per week you earn 1.5 times your current rate.
Based on the schedule listed below, how much money did you earn last
week.
Assuming you worked 50 hours last week, the total amount of money that you earned based on the work rate described above, is $825.
When you work for 40 hours in a week, you are normally paid $15 for each of those hours. This means that out of the 50 hours you worked, the normal salary you made was:
= Number of hours in week x Amount per hour
= 40 x 15
= $600
The total amount of hours you worked over 40 was:
= 50 - 40
= 10 hours
For these 10 hours, you are paid 1.5 your normal rate of $15 per hour which means that you made:
= 10 x 15 x 1.5
= $225
The total you made was therefore:
= Normal salary x Amount earned for working over 40 hours
= 600 + 225
= $825
In conclusion, you earned $825 last week.
Find out more at:
brainly.com/question/11065673.
The calculation of the payback period for an investment when net cash flow is even (equal) is:
Answer:cost of investment/annual net cash flow
Explanation:
The Payback period states the period within which the investment funds are recoupened. The even net cash flow shows that the cash inflows are positive than cash outflows.
The computation of the payback period when the company experiences an even net cash flow would be:
\(P=\frac{I}{n}\)
Here, P is the payback period, I is the initial investment and n is net cash flow in each period. Therefore, the payback period will be equal to the initial investment divided by net cash flow per period.
Learn more about the payback period here:
https://brainly.com/question/13978071
Rohan wants to buy part of a company, and is interested in stocks. He knows that his favorite company, Apple, is traded on the stock market. Can he purchase stock in the company?
Answer:
Yes, he can buy stock in Apple.
Explanation:
Employee centered leader
Answer:
Employee centered leader behavior occurs when the leader is interested in developing a cohesive work group and in ensuring employees are satisfied with their jobs.
Answer:
employee centered leader behaviour occurs when the leader is interested in developing a cohesive work group and in ensuring employees are satisfied with their jobs
Explanation:
these tow styles of leader behaviour are believed to lie at the ends of a single continuum
Denise has $13,424 in a savings account with the District 113 Teacher's Credit Union. While economic conditions have caused the credit union to struggle financially, Denise need not worry because her deposits are insured by the:
Answer:
Explanation:
$120= the amount to pay for the shoe
$20 paid for the month
Balance to pay = $100
Then 3% interest rate on credit card = 3% of $100=$3
Therefore amount to pay = $3+$100=$103
Question 9 of 10
Governments can cause the supply of a good to decrease by:
OA. funding training related to making the good.
B. investing in new technology to produce the good.
C. reducing the taxes paid to make the good.
D. adding expensive regulations on the good.
SUBI
Answer:
D
Explanation:
hope this helps I'm not sure if it's correct
MORTON COMPANY TRANSFER PRICING
The Cycle Division of Morton Company has the following per unit data related to its most recent cycle called Roadbuster.
Cycle Division -Morton Bodyframe Division
Selling price $2.000 Selling price $360
Variable cost of goods sold $1.200 Variable cost $250
Body frame 300
Other variable costs 900 Contribution margin
Contribution margin $800
Presently, the Cycle Division buys its body frames from an outside supplier. However Morton has another division, BodyFrame, that makes body frames for other cycle companies.
The Cycle Division believes that BodyFrame’s product is suitable for its new Road- buster cycle. Presently, BodyFrame sells its frames for $360 per frame.
The variable cost for BodyFrame is $250. The Cycle Division is willing to pay $280 to purchase the frames from BodyFrame.
(A) Assume that BodyFrame does not have excess capacity and therefore would lose sales if the frames were sold to the Cycle Division. If the Cycle Division buys 1,000 frames from BodyFrame, determine the following: (1) effect on the income of the Cycle Division; (2) effect on the income of BodyFrame; and (3) effect on the income of Morton.
the effect on the income of Cycle Division is $650,000 increase, the effect on the income of BodyFrame is $80,000 decrease, and the effect on the income of Morton is $570,000 increase.
The effect on the income of Cycle Division, BodyFrame, and Morton can be determined by using the transfer pricing method. There are two types of transfer pricing methods, which are:
1. Market-based transfer pricing
2. Cost-based transfer pricingIn this case, the cost-based transfer pricing method will be used. The transfer price will be set as per the cost incurred by the seller and then the buyer will pay the transfer price for the product purchased.
(1) Effect on the income of Cycle Division:Calculation of contribution margin if the Cycle Division buys from BodyFrame:Selling price - Variable cost of goods sold
per unit= $2000 - $250 = $1750Contribution margin per unit = $1750 - $300 = $1450
Contribution margin if the Cycle Division buys 1,000 frames from BodyFrame = 1,000 × $1450 = $1,450,000
Contribution margin if the Cycle Division continues to buy from the outside supplier = 1000 × $800 = $800,000Effect on the income of Cycle Division = $1,450,000 - $800,000 = $650,000 (increase)
(2) Effect on the income of BodyFrame: The BodyFrame division will sell 1000 frames to the Cycle Division. The selling price of the frames to the Cycle Division is $280 per frame.
Variable cost of the frames sold to the Cycle Division = $250 per frame. Contribution margin per frame = Selling price - Variable cost per unit= $280 - $250 = $30Contribution margin if the BodyFrame division sells 1000 frames to the
Cycle Division = 1000 × $30 = $30,000.Contribution margin if BodyFrame sells the 1000 frames to external customers = 1000 × ($360 - $250) = $110,000Effect on the income of BodyFrame = $30,000 - $110,000 = -$80,000 (Decrease)(3) Effect on the income of Morton:The effect on the income of Morton is the sum of the effect on the income of Cycle Division and the effect on the income of BodyFrame.
Effect on the income of Morton = $650,000 + (-$80,000) = $570,000 (increase)Thus, the effect on the income of Cycle Division is $650,000 increase, the effect on the income of BodyFrame is $80,000 decrease, and the effect on the income of Morton is $570,000 increase.
For more question BodyFrame's
https://brainly.com/question/30068599
#SPJ8
conservatives have decided that it is vital importance to the national interest to ban abortion and limit contraception what are the economic implications of such policy,if adopted, affect the conservative goal of “smaller” government?
The economic implication is that there would be the difficulty in controlling fertility by women and it would lead to a rise in child birth.
What is the conservative stance on fertility?The conservatives are of the opinion that the government has to place certain laws that would help to regulate the ways and the options that women have that has to do with the decisions to have babies in the nation.
The conservatives are the ones that are opposed to the liberals who have a different idea on the issues that have to do with childbirth in the nation by the women.
Read more on conservatives here:https://brainly.com/question/743663
#SPJ1
An example of secured credit is a
A. payday loan.
B. credit card.
C. mortgage.
D. medical bill.
Answer:.
C. mortgage
Explanation:
Mortgage Secured loans are protected by an asset of collateral of some sort. So the answer would be mortgage because the finance company will hold the deed until the loan is paid in full including interest.
An example of secured credit from the options provided is mortgage.
What is secured credit?Secured credit is a line of credit that is backed up by an asset. In the case that the borrower defaults, the asset used to back up the credit can be possessed by the lender.
On the other hand, unsecured credit is a line of credit that is not backed up by any asset. An example is a credit card.
To learn more about mortgage, please check: https://brainly.com/question/9285857
Pauley Company needs to determine a markup for a new product. Pauley expects to sell 15,000 units and wants a target profit of $22 per unit. Additional information is as follows:
Variable product cost per unit $19
Variable administrative cost per unit 11
Total fixed overhead 13,500
Total fixed administrative 21,000
Using the variable cost method, what markup percentage to variable cost should be used?
Answer:
81%
Explanation:
Calculation for the markup percentage to variable cost that should be used
Using this formula
Markup percentage=[(Target profit + Fixed overhead costs + Fixed administrative costs) / Total variable costs
Let plug in the formula
Markup percentage=[($22*15,000 units)+$13,500+$21,000]/$30×15,000)
Markup percentage=($330,000+$13,500+$21,000)/$450,000
Markup percentage=$364,500/$450,000
Markup percentage=0.81*100
Markup percentage=81%
Calculation for Total variable costs
Variable product cost per unit $19
Variable administrative cost per unit $11
Total variable costs =$30
Therefore the markup percentage to variable cost that should be used will be 81%