Answer:
correct option is here B. About 14.3
Explanation:
given data
running sum of forecast errors RSFE = 500
mean absolute deviation MAD = 35
solution
we get here tracking signal that is express here as
tracking signal = [tex]\frac{RSFE}{MAD}[/tex] .................................1
put here value and we will get tracking signal
tracking signal = [tex]\frac{500}{35}[/tex]
tracking signal = 14.3
so correct option is here B. About 14.3
This document summarizes why the project is important by describing the benefits of a selected component, and is used as a basis for authorizing further project management activities:_______.a. program management planb. business casec. SWOT analysisd. guiding principle
Answer:
B. Business Case
Explanation:
The program management plan is a document that updates the progress of any project. So, option A is wrong.
SWOT analysis provides the internal and external strengths and opportunities of any corporation. So, this is also incorrect.
The guiding principle gives a company to adhere to the rules and responsibilities. Therefore, it is not correct.
The business case summarizes the project by describing the benefits of a selected component. It also emphasizes to initiate a project. So, it is the right answer.
Final answer:
A business case is the document that describes the benefits of a project component, providing the basis for authorizing further management activities, including a cost/benefit analysis, and aligning with overall strategy to ensure the project's success.
Explanation:
The document in question that summarizes why a project is important by describing the benefits of a selected component, and is used as a basis for authorizing further project management activities is called a business case. A business case outlines the justification for undertaking a project or task. It is the assessment of the full lifecycle of a project including a cost/benefit analysis and typically includes the reasons why the project is needed and expected to be profitable or beneficial.
Forming a solid business case can include a detailed decision making process, considering constraints and criteria for the project, and understanding the audience it is intended to serve. This enables stakeholders to make informed decisions regarding the project's feasibility and potential for success. Moreover, it sets the foundation for additional elements such as program management and ensures alignment with the overall strategy.
A successful business case plays a crucial role in obtaining the necessary approvals and funding to move a project forward. The investment of effort in crafting a thorough and persuasive business case can lead to more effective project management and ultimately a more successful outcome.
The two potential areas of customer satisfaction or dissatisfaction about a deliverable are:
Answer:
Quality and Quantity .
Explanation:
Amount and quality are two possible areas of client satisfaction or implementable disappointment.
The quantity represents the amount in which the situation is referred to by quality. Quantity is always a word related to productivity, and can easily be quantified. Quality is related to the general condition of a good or service and is not readily measurable so a more subjective analysis is required.Which of the following questions is inappropriate on an internal control questionnaire concerning purchase transactions?
A. Are an approved purchase requisition and a signed purchase order required for each purchase?
B. Are intact cash receipts deposited daily in the bank?
C. Are prenumbered purchase orders and receiving reports used and accounted for?
D. Are all goods received in a centralized receiving department and counted, inspected, and compared with purchase orders on receipt?
The question that is in appropriate is that are intact cash receipts deposited daily in the bank?
Explanation:
In a company before performing the audit the document that is provided to the employers of the company before the audit is the internal control questionnaire
Intact cash receipts can be deposited daily in the bank and there will be major need for a company to deposit the money in the bank and hence this question is inappropriate
The CEO of Ridgeway, Inc., realizes that the company’s survival depends on developing and acquiringknowledge. Which of the following actions by the CEO would be most consistent with this need?
a.ensuring that all current unique knowledge of the firm is protected by patents
b.planning extensive employee training and recruiting programs
c.investing in sophisticated databases in relevant knowledge areas
d.establishing a system of organizational intelligence gathering
Answer:
The correct answer is B
Explanation:
When the company want that their employees, need to have the knowledge and develop their knowledge as well, they need to arrange or conduct the program of the training as well as programs of the recruiting.
As the CEO, realizes and states that the firm or the business survival grounded on the acquiring as well as the developing the knowledge. So, in order to follow what the CEO said, one must go through the proper training as well as the programs of the recruiting.
Over the past five years, Teen Clothing stock produced returns of 18.7, 5.8, 7.9, 10.8, and 11.6 percent,respectively. For the same five years, the risk-free rate 5.2, 3.4, 2.8, 3.4, and 3.9 percent, respectively.What is the arithmetic average risk premium on Teen Clothing stock for this time period?A. 6.89 percentB. 7.01 percentC. 7.22 percentD. 7.34 percentE. 7.57 percent
Answer:
The correct answer is C. 7.22 percent
Explanation:
To find the arithmetic risk premium for the 5 year period, the formula is
Average risk premium for the period = Sum of risk premium for each year / number of years = ∑ra(i) - rf(i) / n
ra = asset or investment return / 100
rf = risk free return / 100
Where i represents each year.
Sum of risk premium for each year = (0.187 - 0.052) + (0.058 - 0.034) + (0.079 - 0.028) + (0.108 - 0.034) + (0.116 - 0.039) = 0.361
Average risk premium = 0.361 / 5 = 0.0722 = 7.22 / 100 = 7.22 percent
Sharon, a new manager in the Finance Department, found ways to inspire and motivate employees with meeting project goals, in turn, increasing work productivity. She focused on the managerial function of __________.
Answer:
CONTROLLING
Explanation:
Controlling can be described as a manager's main functions. A manager needs to develop and maintain effective control over all the respondents ' practices in order to achieve expected outcomes from the underlings.
In other terms, the purpose of the role controlling can be interpreted as maintaining that an institution's operations are carried out as per the schedules.
Controlling also guarantees that the facilities of an institution are used collaboratively to accomplish predetermined objectives.It shouldn't be overlooked the regulating role is the last administration role. It is a process that takes the management swing back to the role of planning.
The relationship between the benefits a consumer receives from a product or service and what they give up to obtain those benefits is known as:_______. a. customer satisfaction. b. sacrifice. c. an exchange. d. customer value.
Answer:
Customer value
Explanation:
Customer value is a marketing term representing the satisfaction or experience or benefit a customer gets from a product in exchange for the value they give to have access to the satisfaction.
In the future term, it also represents the benefit a customer expects to get from a product mostly based on the promises of the vendor in exchange for the payment or value the customer is expected to transfer to the producer for the product.
The value a customer is to give to derive the satisfaction is not limited to monetary transfers it could also include time, knowledge, even other choice products that could have offered similar benefits. Customer value will help a customer decide whether the benefit from a product is worth the expense or value given to obtain it.
Dahlia can earn $60,000 a year working at a relatively safe job, or $65,000 a year working at a riskier job. The probability of death from working at the relatively safe job is 1/5,000, and the probability of death from working at the riskier job is 1/1,000. Using the compensating differential approach and the above information, what is the value of Dahlia's life?A. $2 millionB. $2.5 millionC. $6.25 millionD. $25 million
Answer:
C) $6.25 million
Explanation:
Compensating wage differentials are paid to workers so that they accept tasks that are considered dangerous or hazardous.
A worker’s utility function is:
Utility = f (w, risk of injury)
Dahlia's safe job utility function = f(60000, 0.0002)
Dahlia's riskier job utility function = f(65000, 0.001)
A 400% increase in risk will increase Dahlia's salary by $5,000,
When you are using the compensation differential approach, you can determine the value of a life by dividing the compensating differential by the increased chance of death.
($65,000 - $60,000) / (1/1000 - 1/5,000) = $5,000 / 0.0008 = $6,250,000
If the Fed supply 20 billion dollars into the commercial banking system, how much more money the commercial banks create and supply?
Answer:
Depends on the reserve ratio, which in turn determines the money multiplier.
Explanation:
The money multiplier formula = 1 / reserve ratio
For example, if the reserve ratio is 10%, the money multiplier will be 10. If the reserve ratio is 20%, the money multiplier will be 5.
To calculate the total effect of a $20 billion inflow, you must multiply that amount by the money multiplier:
E.g. $20 billion x 10 = $200 billion, or $20 billion x 5 = $100 billion
Final answer:
The Federal Reserve's injection of $20 billion can create additional money through the commercial banking system by up to $100 billion, given a 20% reserve requirement. This expansion results from the fractional reserve banking system's multiplier effect.
Explanation:
When the Federal Reserve supplies $20 billion into the commercial banking system, it can lead to a multiplier effect on the money supply due to the fractional reserve banking system. Commercial banks are required to keep a fraction of deposits as reserves and can lend out the rest. The proportion they must keep is determined by the required reserve ratio set by the Federal Reserve.
For example, with a reserve ratio of 20%, this initial injection can theoretically result in an expansion of the money supply up to five times the initial amount, which is $100 billion dollars. However, this simplified calculation assumes that all of the money lent out is redeposited in the banking system and no one holds cash, which in reality, might not be the case.
If the required reserve ratio is 0.2 and the Fed purchases $2 billion worth of bonds, the money supply could potentially expand by $10 billion. It works as follows: the initial $2 billion increase in reserves can be multiplied by the money multiplier, which is the inverse of the reserve ratio. In this scenario, the money multiplier is 1/0.2 = 5. Therefore, the total potential increase in the money supply is 2 billion times 5, which equals $10 billion.
Which of the following refers to private, company-owned social media, software, platforms, or apps specially designed for use by business leaders and employees to fulfill the strategic mission_____________.
Answer:
enterprise social
Explanation:
Enterprise social networks (ESN) refer to an internal privately owned social network that includes only the members of an organization. E.g. a F@cebook only for people that work on F@cebook.
The purpose of having an enterprise social network is to improve communication and networking among the organization's members. ESN were popular a few years ago, but lately they have been set aside and they lost a lot popularity. People are too busy on their normal social networks to also have to worry about their work social networks. The only exception to this failure is probably Wh@tsapp that continues to be extremely popular within work groups.
You are the owner of a small catering company and have recently hired a skilled baker to complement your staff. When business is slow, however, you need the baker to help prepare other kinds of foods. Some of the processes (like deboning fish and preparing soup stock) are complicated and require detailed training. What style should you use under these circumstances?
A. Style 1
B. Style 2
C. Style 3
D. Style 4
Answer: Style 1 should be used
Explanation: Because this is a directing approach. it is high directive and low supportive. It focuses on communication for goal achievement and is less supporting.
The Super Widget Corporation has 20,000 shares of stock outstanding. A. If it declares dividends of $42,500, what is the dividend per share of stock?B. What is Kevin Rainey's share of the declared dividend if he owns 50 shares?
The dividend per share of stock for Super Widget Corporation is $2.125, and Kevin Rainey's share of the declared dividend, for the 50 shares he owns, amounts to $106.25.
Explanation:The dividend per share of stock that Super Widget Corporation declares can be calculated by dividing the total declared dividends by the number of shares outstanding. In this case, if Super Widget Corporation declares dividends of $42,500 and has 20,000 shares of stock outstanding, the dividend per share would be calculated as follows:
Dividend per share = Total Dividends ÷ Number of Shares
Dividend per share = $42,500 ÷ 20,000
Dividend per share = $2.125
As to the second part, Kevin Rainey's share of the dividends can be determined by multiplying the dividend per share by the number of shares he owns, which in this case is 50 shares:
Kevin Rainey's dividend = Dividend per share × Number of shares Kevin owns
Kevin Rainey's dividend = $2.125 × 50
Kevin Rainey's dividend = $106.25
Therefore, the dividend per share of stock for Super Widget Corporation is $2.125, and Kevin Rainey's share of the declared dividend is $106.25.
An annuity pays $10 per year for 98 years. What is the present value (PV) of this annuity given that the discount rate is 7%?
Final answer:
The present value of an annuity paying $10 annually for 98 years at a discount rate of 7% is calculated using the present value of an ordinary annuity formula. An example to illustrate the concept using a simple two-year bond shows how to discount future cash flows at different interest rates to determine present value.
Explanation:
The question asks for the present value (PV) of an annuity that pays $10 per year for 98 years with a discount rate of 7%. To calculate the PV of the annuity, you can use the formula for the present value of an ordinary annuity:
PV = Pmt * [(1 - (1 + r)^-n) / r]
Where Pmt is the annual payment, r is the discount rate per period, and n is the number of periods.
In this case, Pmt is $10, r is 0.07 (7% expressed as a decimal), and n is 98. Plugging these values into the formula gives:
PV = $10 * [(1 - (1 + 0.07)^-98) / 0.07]
After doing the math, this calculation will yield the present value of the annuity. To calculate the present value of the two-year bond with different interest rates, similar principles of discounting future cash flows apply.
For example, if a two-year bond pays $3,000 at the end of the second year plus $240 interest annually at a discount rate of 8%, the calculation would look like this:
PV = $240 / (1 + 0.08) + ($240 + $3000) / (1 + 0.08)^2
And if the discount rate rises to 11%, you would instead use:
PV = $240 / (1 + 0.11) + ($240 + $3000) / (1 + 0.11)^2
Final answer:
The present value of the annuity paying $10 per year for 98 years at a 7% discount rate is about $138.78.
Explanation:
To find the present value (PV) of the annuity, we can use the formula for the present value of an ordinary annuity:
[tex]\[PV = C \times \left(1 - \frac{1}{{(1 + r)^n}}\right) \times \frac{1}{r}\][/tex]
Where:
- C is the amount of each payment (the annual payment of $10).
- r is the discount rate (7% or 0.07 in decimal form).
- n is the number of periods (98 years).
Plugging in the values:
[tex]\[PV = 10 \times \left(1 - \frac{1}{{(1 + 0.07)^{98}}}\right) \times \frac{1}{0.07}\][/tex]
Let's calculate:
[tex]\[PV = 10 \times \left(1 - \frac{1}{{(1.07)^{98}}}\right) \times \frac{1}{0.07}\][/tex]
[tex]\[PV = 10 \times \left(1 - \frac{1}{{33.381082}}\right) \times \frac{1}{0.07}\][/tex]
[tex]\[PV = 10 \times \left(1 - 0.029918\right) \times \frac{1}{0.07}\][/tex]
\[PV = 10 \times 0.970082 \times 14.2857\]
[tex]\[PV = 138.78\][/tex] (approximately)
So, the present value of the annuity, given a discount rate of 7%, is approximately $138.78.
Assume Metro Corporation had a net income of $2,400 for the year ending December 2018. Its beginning and ending total assets were $30,000 and $19,000, respectively. Calculate Metro's return on assets (ROA). (Round your percentage answer to two decimal places.)
A. 12.63%
B. 4.9%
C. 8%
D. 9.8%
Answer:
9.8%
Explanation:
The return on assets ratio( ROA ) measures the efficiently in which a business manages its assets to generate profits during a period.
The formula for calculating Return on assets is as follows.
return of asset ratio = Net income/ Average Total Assets x 100
For metro corporation:
net income: $ 2,400
Average total assets : = $30,000 +$19,000/2
=$24,500
ROA= $2400/$24500x100
=0.098 x100
=9.8%
If a student is asked to weigh out 3.0 g of a material, anything between 2.8 g and around 3.1 g will work fine.True/false
Answer:
True
Explanation:
In this question, we have to compute the average which is shown below:
= (Gram 1 + gram 2) ÷ (Number of items)
= (2.8 g + 3.1 g) ÷ (2)
= (5.9 g) ÷ 2
= 2.95 g
And, the weigh out is 3.0 g
So if we round off the average i.e
= 2.95 round off
= 3.0 g
This gram is equal to the given weightage
So, the given statement is true
Assume that Eric Duffy and Johnnie Gladwin operate a partnership. The partnership agreement states that the income and loss will be shared based on the ratio of their beginning capital balances. At the beginning of the year, Duffy had a capital balance of $80,000 and Gladwin had a capital balance of $20,000. The partnership's income statement reported net income of $90,000 for the year ending December 31. Prepare the December 31 journal entry that would be required to close the Income Summary account and allocate the net income to the two partners.
Answer:
Debit Income summary $90,000
Credit Duffy, capital $72,000
Credit Gladwin, capital $18,000
Explanation:
To close income summary account to partner’s capital, said account must be debited then credit partner’s account in the amount based on the agreed allocation ratio.
Computation of allocation: (based on beginning capital balances)
Duffy $80,000
Gladwin $20,000
——————————
Total $100,000
Duffy (80,000/100,000) x 90,000 = $72,000
Gladwin (20,000 x 100,000) x 90,000 = $18,000
JOURNAL ENTRY:
Debit income summary $90,000
Credit Duffy, capital $72,000
Credit Gladwin, capital $18,000
To allocate the net income between partners, Eric Duffy and Johnnie Gladwin, determine their profit-sharing ratio based on their capital balances. Debit Duffy's Capital account for $72,000 and credit Gladwin's Capital account for $18,000 to close the Income Summary account and distribute the net income.
Explanation:To allocate the net income to the two partners, Eric Duffy and Johnnie Gladwin, we need to calculate their profit-sharing ratio based on their beginning capital balances. The total beginning capital is $100,000 ($80,000 + $20,000). Duffy's share is $80,000 / $100,000 * $90,000 = $72,000, and Gladwin's share is $20,000 / $100,000 * $90,000 = $18,000.
To close the Income Summary account and allocate the net income, we will debit Duffy's Capital account for $72,000 and credit Gladwin's Capital account for $18,000. The journal entry is as follows:
December 31:
Income Summary $90,000
Duffy, Capital $72,000
Gladwin, Capital $18,000
An extremely lucrative severance package that is guaranteed to a firm's senior managers in the event that the firm is taken over and the managers are let go is called a:__________
Answer: A golden parachute.
Explanation:
A very large financial compensation paid to top members of management in a company in the event of a merger or company sales, is known as a golden parachute. A golden parachute is done to discourage buyers from buying over a company and also to help ease the effect of top staff losing their jobs.
Answer:
A Golden Parachute
Explanation:
A lucrative severance package guaranteed to a firm's senior managers in the event that there is a hostile takeover and they are let go is called a golden parachute.
A golden parachute often includes, alongside the severance package, company shares and other forms of compensation. It provides some sort of safety net for the senior managers of the firm in the event of a takeover and they are left without a job.
A registered representative in your office wants to sell an issue of a private offering for another firm. This would be allowed if all of the following provisions are met except(A)written notice is filed with FINRA(B)the member firm provides written approval for the transactions(C)the private offering has satisfied SEC and state requirements(D)information related to the offering is provided to the RR's broker/dealer upon request
Answer:
A) written notice is filed with FINRA
Explanation:
FINRA doesn't get involved in this level of transactions.
The Financial Industry Regulatory Authority (FINRA) regulates member brokerage firms and exchange markets. FINRA is regulated and overseen by the SEC. They issue licences to individuals and admits companies into the financial trading industry.
Belarus has a comparative advantage in the production of linen, but Russia has an absolute advantage in the production of linen. If these two countries decide to tradeA. Belarus should export linen to Russia.B. Russia should export linen to Belarus.C. For these two countries, trading linen would be a "stand-off" so they should trade another product.D. Without additional information about Russia, this question cannot be answered.
Answer:
A. Belarus should export linen to Russia
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.
A country has absolute advantage in the production of goods and services when it produces more quantity of goods and services when compared with other countries.
A country should produce goods for which it has comparative advantage in its production because cost of production is lower when compared with other countries.
Russia should stop producing linen because it doesn't have comparative advantage in its production and Belarus should export linen to Russia
Smaller women like to purchase fashionable clothes just as much as any women. However, most clothes are not proportioned for their smaller size and do not fit well. As a result, several manufacturers offer "petite" sizes of clothing for this group of consumers. Women who comprise this group have needs that differ somewhat from the total market and represent a _____.a) demographic segment.b) lifestyle segment.c) market potential.d) sub-market.e) market segment.
Answer:
e) Market segment
Explanation:
A market segment is defined as the collection of people or individuals sharing some common characteristics.
These individual grouped together for the purpose of marketing.
Based on the various criteria each market segment is unique.
Marketers and the producers use market segments to target market for their service.
A clause in an international contract that designates which nation’s court has jurisdiction to hear a case arising out of the contract is called a ________.
Answer:
Jurisdiction Clause
Explanation:
Jurisdiction clause is a clause in the agreement between two nations as to which country's court can hear any cases that occurs from the agreement.
This means that if for example, France and Germany have an agreement on a certain issue, let's say watch business, France and German will then decide which country's court(maybe French court or German court) can hear any issue that arises from the watch business ; but not the two.
Cheers.
Answer:
A Jurisdiction Clause
Explanation:
A clause in an international contract that designates which country's court has jurisdiction to hear a case arising out of the contract is called a jurisdiction clause.
International contracts between parties usually involve more than one country as the various parties might come from different countries. In situations such as this, it is reasonable to know beforehand, which country's courts should hear cases that arise from disputes regarding the contract. Jurisdiction clause saves time and money in the event of disputes that tend to arise from such contracts.
Jurisdiction clauses can either be exclusive or non-exclusive.
Exclusive; only the court listed on the jurisdiction clause can hear a case.
Non-exclusive; in this instance, the court listed can hear the case as well as other courts.
Researchers must submit their research proposal to an ______ review board that evaluates the ethical nature of research conducted at their college or university.
Answer: Institutional
Explanation:
The Institutional Review Board (IRB) is an administrative body created to protect the rights and welfare of human research subjects recruited to take part in research activities conducted under the auspices of the institution with which it is affiliated.
Final answer:
Researchers are required to submit their proposals to an Institutional Review Board (IRB), a committee that oversees the ethical aspects of research involving human subjects to protect their rights and well-being.
Explanation:
Researchers must submit their research proposal to an Institutional Review Board (IRB) that evaluates the ethical nature of research conducted at their college or university. IRBs are vital in protecting the rights and well-being of human participants in research. Comprising a committee of administrators, scientists, and community members, IRBs review and approve research proposals to ensure they are ethically sound. Additionally, IRBs assess potential conflicts of interest and emotional distress caused to subjects. The existence of IRBs is a result of historical developments aimed at preventing unethical research practices.
Companies HD and LD have the same sales, tax rate, interest rate and their debt, total assets, and basic earning power. Both companies have positive net income. Company HD has a higher debt ratio and, therefore, a higher interest expense. Which of the following statements is correct?
a) Company HD pays less in taxes.
b) Company HD has lower equity multiplier.
c) Company has a higher ROA.
d) Company HD has a higher times-interest-earned (TIE) ratio.
e) Company HD has mor
Answer:
A) company HD pays less in Tax
Explanation:
Because interest is deducted before tax in income statement. Higher interest means less Earning before tax, and less amount of Tax be deducted.
HD and LD both have same Earning before interest and tax.
Let suppose both have EBIT of $1000,
Not HD has interest expense of 150, and LD has interest expense of $100
Now HD Earning before tax would be 850, and LD EBT would be 900.
Let's say tax is 40%
so,
HD tax would be 850*0.4=340
LD tax would be 900*0.4=360
So, HD pays higher interest, it benefit company in paying lower tax amount. bacause interest is tax saving.
HD saves $20 in this hypothetical example.
your vessel is is in distress and the order was given to abandon ship .if you must enter the water which of the following would aide in preventign hypothermia?
Answer: The heat escape lessening posture (HELP)
Explanation: Hypothermia is the effect of long immersion in cold water thereby losing body heat faster.
The heat escape lessening posture helps to combats hypothermia and can be a lifesaver to people in cold water.
The huddle position can also help in preserving the body heat especially when there are two or more people in the water at the same time. Making sure they huddle together keeps them warm.
Final answer:
To prevent hypothermia when abandoning a ship into the water, remove wet clothing, put on insulating layers that slow heat transfer, and stay active to generate body heat. Insulating layers like wetsuits are crucial in these situations. Also, keeping hydrated is important during the survival process.
Explanation:
If a vessel is in distress and the order has been given to abandon ship, to prevent hypothermia after entering the water, it is essential that you use materials designed to slow the heat transfer rate, or thermal insulation. To combat hypothermia effectively, one must remove wet clothing immediately, redress in warm materials, and attempt to maintain physical movement to generate body heat. These measures are critical because they contribute to retaining the body's heat, which is crucial for survival in cold water situations. Additionally, it is important to understand that heat escapes the body through conduction, convection, and radiation, following the Second Law of Thermodynamics. Wearing insulating layers, such as a wetsuit or drysuit, can provide vital protection against the cold. Furthermore, staying hydrated is crucial during any survival situation.
WILL MARK BRAINLIEST!
PLZ HELP ASAP!!!!!!
1- What are the two primary ways you can make tax payments?
2- What is one other way you can pay?
3- If you can’t pay immediately, what is one course of action you can take? What are the criteria?
Answer:
What are the two primary ways you can make tax payments? You can make tax payments by having it set up to be automatically withdrawn from your bank account, or you can pay your taxes directly by sending in a check or calling to set up a payment arrangement on the taxes owed.
What is one other way you can pay? The other way to pay your taxes is to have your refund directly sent to them until your balance is paid in full.
3- If you can’t pay immediately, what is one course of action you can take? What are the criteria?
Again, one course of action to pay your taxes is to have your refund directly sent to bureau that you owe. The criteria is that you get penalized and the state can charge you extra interest rate fees if not paid by a certain time
Explanation:
1. The two primary ways of making tax payments by having it set up to be automatically withdrawn from our bank account, or we can pay our taxes directly by sending in a check or calling to set up a payment arrangement on the taxes owed.
What is a tax?A tax is a sum of money that a government requires people to pay based on their income, the value of their property, and other factors, and that is used to pay for government services.
Another option for paying our taxes is to have our refund sent directly to them until your balance is paid in full.
If we are unable to pay our taxes immediately, one option is to have your refund sent directly to the bureau that we owe. If we do not pay by a certain date, we will be penalized, and the state may charge us additional interest rates.
Therefore, automatic withdrawal of tax and sending a check or payment reminder are the primary ways for tax payments.
To learn more about tax, click here:
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Changes in accounting estimates are:_________.A. Considered accounting errors B. Extraordinary items C. Accounted for with a cumulative "catch-up" adjustment D. Accounted for in current and future periods
Answer: The correct answer is d. Accounted for in current and future periods
Explanation: A change in accounting estimate is an adjustment of the carrying amount of an asset or liability, or related expense, resulting from reassessing the expected future benefits and obligations associated with that asset or liability. Some examples include changes in provision for bad debt and changes in useful life of an asset.
Financial years of companies are closed at the end of the financial year of the company. As such any change in accounting estimate has to be made or accounted for in the current period or future period as the case maybe.
It is worthy of note that changes in accounting estimates are not considered as accounting errors or extraordinary items.
You invested in a $5,000 bond in 2012 with a coupon rate of 6%. What will be its value in 2018 if the required rate of return is now 8%?
Answer:
$4540.19
Explanation:
Step 1: Get the formula for the value of the bond in 2018
Formula= P * (1+r)n
P= Investment = $5000
r= Coupon rate=6%
n= Period or number of years = 6 years
Step 2: Calculate the value of the bond in 2018
Value of the bond in 2018= 5000 * (1+ 0.06)6
= 7092.60
Step 3: Calculate the Present value of the bond
Formula= (P x Present Value Factor) + (Interest x The present value interest factor of an annuity (PVIFA))
(P x Present Value Factor) = (5000 x 1\(1+r)^n)
where r= rate of return= 8%
n= years = 6
(Interest x The present value interest factor of an annuity (PVIFA) =
Interest = (Coupon rate x Investment)
PVIFA= 1\(1+r)^n}
where r= rate of return= 8%
n= years = 6
= (5000 x 0.6307) + (300 x 4.6223 )
=4540.19
The cost of which of the following expenses is not deductible as a medical expense on Schedule A, before the 10 percent of adjusted gross income limitation?
a. Expense to hire and train a guide dog for a visually-impaired taxpayer
b. Acupuncture
c. Botox treatment to reduce wrinkles around eyes
d. A psychiatrist
Answer:
The correct answer to the following question will be Option B (Acupuncture).
Explanation:
Acupuncture is a contrasting medical practice that involves arousing certain points throughout the bodies, quite often with a needle puncturing the skin, to relieve pain. It would be interesting to see whether homeopathy can help to prevent cancer.
It has long been established as an important chronic pain medication. A study found that spinal manipulation was better than no acupuncture or simulated reflexology to treat four back pain circumstances: back and neck pain.
Therefore, Acupuncture is the right answer.
_____ tends to appear in specialized trade publications or professional journals, in direct-mail pieces sent to businesses, or in trade shows.
Answer: The correct answer is "business advertising".
Explanation: Business advertising tends to appear in specialized trade publications or professional journals, in direct-mail pieces sent to businesses, or in trade shows.
Through business advertising, companies seek to reach people who can potentially buy or specify goods and services for business use.
Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions.Category - ValueCompensation of employees - $194.2U.S. exports of goods and services - 17.8Consumption of fixed capital - 11.8Government purchases - 59.4Taxes on production and imports - 14.4Net private domestic investment - 52.1Transfer payments - 13.9U.S. imports of goods and services - 16.5Personal taxes - 40.5Net foreign income - 2.2Personal consumption expenditures - 219.1Statistical discrepancy - 0Instructions: Round your answers to one decimal place.
Answer:
a. $343.7 billion
b. $331.9 billion
c. $334.1 billion
Explanation:
The computation is shown below:
a. For GDP
GDP = Personal consumption expenditures + Government purchases + Net private domestic investment + Consumption of fixed capital + net exports
where,
Net exports = U.S. exports of goods and services - U.S. imports of goods and services
= $17.8 - $16.5
= $1.3 billion
So, the GDP would be
= $219.1 + $59.4 + $52.1 + $11.8 + $1.3
= $343.7 billion
b. For NDP
NDP = GDP - Consumption of fixed capital or depreciation
= $343.7 - $11.8
= $331.9 billion
c. For NI
NI = GDP + Net foreign income
= $331.9 billion + 2.2 billion
= $334.1 billion
All values are in billions
To compute GDP, add up the given components. To find NDP, subtract consumption of fixed capital from GDP. To find NI, subtract taxes on production and imports from NDP and add net foreign income.
Explanation:To compute GDP, we need to add up the following components:
Compensation of employees: $194.2BU.S. exports of goods and services: $17.8BConsumption of fixed capital: $11.8BGovernment purchases: $59.4BTaxes on production and imports: $14.4BNet private domestic investment: $52.1BTransfer payments: $13.9BU.S. imports of goods and services: $16.5BAdding these components together gives us: $194.2B + $17.8B + $11.8B + $59.4B + $14.4B + $52.1B + $13.9B - $16.5B = $346.1B
This is the value of GDP.
To calculate NDP, we need to subtract consumption of fixed capital from GDP. So, NDP = GDP - Consumption of fixed capital = $346.1B - $11.8B = $334.3B
Finally, to compute NI, we need to subtract taxes on production and imports from NDP and add net foreign income: NI = NDP - Taxes on production and imports + Net foreign income = $334.3B - $14.4B + $2.2B = $322.1B