Answer:
a. The shoe industry in Home is capital-intensive, as payments to capital are equal to payments to labor in that industry.
It is reasonable to ask which industry is capital-intensive, but it is important to note that the capital intensity of an industry can vary across countries and regions depending on factors such as technology, labor costs, and natural resources.
b. Using the formula (APs/Ps - APc/Pc)/(RKc/Kc), we get:
(50%/0% - 0%/0%)/(50/100) = 100%
Therefore, the percentage change in the rental on capital is 100%.
c. The magnitude of the percentage change in the rental on capital is higher than that of labor (100% compared to 90%). Therefore, the change in the rental on capital is larger than the change in labor payments.
d. Capital gains in real terms, as the rental on capital increases by 100%, while the price of shoes increases by 50%. Labor loses in real terms, as labor payments only increase by 90%, which is less than the increase in the price of shoes.
These results are consistent with the Stolper-Samuelson theorem, which predicts that an increase in the price of a good will benefit the factor of production that is used intensively in that industry (in this case, capital), while harming the factor that is used less intensively (in this case, labor).
Which of the following forms of argumentation is not commonly used in aesthetic reasoning?
Analogy
Statistical syllogism
Definition
In aesthetic reasoning, the form of argumentation that is not commonly used is Option B. Statistical syllogism.
Aesthetic reasoning focuses on the subjective and qualitative aspects of art, beauty, and expression. It involves analyzing and evaluating the aesthetic qualities and experiences associated with a particular artwork, object, or concept. In this context, arguments are often based on personal preferences, individual interpretations, and emotional responses rather than empirical data or statistical evidence.
A. Analogy is a form of argumentation commonly used in aesthetic reasoning. It involves comparing similarities between different objects, experiences, or concepts to support a particular aesthetic judgment or interpretation. By drawing parallels and making connections, analogy helps to explain and communicate aesthetic qualities, associations, or meanings.
C. Definition is another form of argumentation frequently used in aesthetic reasoning. It involves providing clear and precise explanations of key terms, concepts, or aesthetic categories to facilitate understanding and analysis. By defining terms such as beauty, harmony, or expression, individuals can establish a framework for discussing and evaluating aesthetic qualities.
However, statistical syllogism, which relies on statistical data and generalizations, is not commonly used in aesthetic reasoning. Aesthetic judgments are typically subjective and personal, based on individual experiences and perceptions. Statistics and generalizations may not adequately capture the nuances, complexities, and subjective nature of aesthetic experiences.
In summary, while analogy and definition are commonly used in aesthetic reasoning, the statistical syllogism is not typically employed due to the subjective nature of aesthetic judgments. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Which of the following forms of argumentation is not commonly used in aesthetic reasoning?
A. Analogy
B. Statistical syllogism
C. Definition
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Which factor is least important when choosing a financial service provider?
Α. fee structure
B. licenses
C. experience
D. website
customer retention numbers
Answer:
d
Explanation:
got it right on edmentum
The maximum amount you must pay before your homeowners insurance
begins to pay is your_
OA. deductible
OB. copayment
OC. credit limit
OD. premium
the answer is A. deductible
Answer: A. deductible
Explanation: It can not be premium, as that is what you pay monthly for insurance. Credit limit is the maximum amount of money your allowed to spend monthly on a credit card. A copayment is what is spent out of pocket on a service that is typically covered by insurance. Deductible is what you must pay before receiving insurance coverage.
In risk management, what does risk evaluation involve?
A risk management planning
B. risk resolution
C.l risk priorization
D. risk monitoring
Answer:
A- risk management planning
Explanation:
This is because risk assessment is a term used to describe the overall process or method where you: Identify hazards and risk factors that have the potential to cause harm (hazard identification). Analyze and evaluate the risk associated with that hazard (risk analysis, and risk evaluation)
In risk management, risk prioritizing management planning will be required. Thus, option C is correct.
What is the risk?For the purposes of health as well as environmental regulations, the risk is widely taken into consideration. It is an event occurring and the seriousness of its effect may lead to disagreement.
In the process of risk management, it is very necessary that risk is mentioned is addressed first. This will help to make sure that the things or the task that are required immediate attention will be given first.
This will help in a magazine went as well as this planning will make sure that business or the organization is done smoothly. As the serious ones are the ones that need to be addressed first. Therefore, option C is correct.
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Yolanda first breaks down
The programming design approach represented in this scenario is modular programming. The programming design approach represented in this scenario is object-oriented programming.
What is programming?The process of creating a set of instructions that tells a computer how to perform a task is known as programming. Computer programming languages such as JavaScript, Python, and C++ can be used to create programs.
Modular programming is the programming design approach represented in this scenario. Yolanda divides the entire game into modules, which are then subdivided further into smaller modules until the individual parts are manageable for programming.
Thus, this method entails representing data and functions as objects and employing inheritance and polymorphism to generate flexible and reusable code.
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complete question.
Identify which type of programming design approach each represents
Yolanda first breaks down the whole game she needs to program into modules. She then breaks these modules into smaller modules until the individual parts are manageable for programming. She writes the smallest modules, and then recombines them into larger parts.
118 million Which of the following would never require reporting DTAs DTLS? Subscription received in advance b. An unrealized gain from recording investments at fair value Depreciation on equipment d. Interest from investments in municipal government bonds
Answer:
DTAs and DTLs account for differences between financial and tax reporting. Interest from investments in municipal government bonds is typically tax-exempt and would not require reporting of DTAs or DTLs.
Explanation:
Deferred tax assets (DTAs) and deferred tax liabilities (DTLs) are recorded to account for differences between the financial reporting and tax reporting of a company. DTAs and DTLs should be reported when a company is expected to receive a tax benefit or have a tax obligation in the future.
Of the options provided, interest from investments in municipal government bonds would never require reporting of DTAs or DTLs. This is because interest earned from investments in municipal bonds is typically exempt from federal income tax and, in some cases, state and local taxes as well. Therefore, there would be no difference between the financial reporting and tax reporting, and no need to report any DTAs or DTLs related to this investment.
On the other hand, subscription received in advance, an unrealized gain from recording investments at fair value, and depreciation on equipment may all require reporting of DTAs or DTLs depending on the specific circumstances of the company's financial and tax reporting.
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When two or more people get together for the purpose of circumventing prescribed controls, it is called:______
a. Collusion
b. Assignment of Responsibilities
c. A Division of Duties
d. Fraud Prevention
Answer:
a. Collusion
Explanation:
Collusion can be defined as an illegal, secret and uncompetitive agreement between rivalry parties in attempt to destroy the market equilibrium through actions such as illegal-pricing.
Hence, when two or more people get together for the purpose of circumventing prescribed controls, it is called collusion.
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The main purpose of internal controls is to guarantee that loss is eliminated as there's an accurate and reliable accounting system.
An internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.
Hence, internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting
A computer assembly firm purchases computer parts at $230 per computer. The
operating expenses are 29% on cost and rate of markup is 57% on cost.
a. What is the selling price of each computer?
Round to the nearest cent
What is the operating per computer?
Answer:
Maybe 60%
Explanation:
Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. (Round your "Dollar markup" answer to the nearest cent and "Percent markup on cost" to the nearest hundredth percent.)
Cost Selling price Dollar markup Percent markup on cost
$14.80 $21.40
Answer and Explanation:
The computation of the dollar markup and the percent markup on cost is shown below;
The dollars markup is
= Selling price - cost price
= $21.40 - $14.80
= $6.60
ANd, the percent markup on cost is
= $6.60 ÷ $14.80 ×100
= 44.60%
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below.
Balance Sheets
2019 2018
Assets
Cash and equivalents $100 $85
Accounts receivable 275 300
Inventories 375 250
Total current assets $750 $635
Net plant and equipment 2,300 1,490
Total assets $3,050 $2,125
Liabilities and Equity
Accounts payable $150 $85
Accruals 75 50
Notes payable 150 75
Total current liabilities $375 $210
Long-term debt 450 290
Total liabilities 825 500
Common stock 1,225 1,225
Retained earnings 1,000 400
Common equity 2,225 1,625
Total liabilities and equity $3,050 $2,125
Income Statements
2019 2018
Sales $2,265 $1,565
Operating costs excluding depreciation and amortization 1,250 1,000
EBITDA $1,015 $565
Depreciation and amortization 100 75
EBIT $915 $490
Interest 63 46
EBT $852 $444
Taxes (25%) 213 111
Net income $639 $333
Dividends paid $54 $48
Addition to retained earnings $585 $285
Shares outstanding 100 100
Price $25.00 $22.50
WACC 10.00%
The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash.
Using the financial statements given above, what is Rosnan's 2019 free cash flow (FCF)? Use a minus sign to indicate a negative FCF. Round your answer to the nearest cent.
The 2018 free cash flow for Rosnan Industries is $158. The balance sheet was the based on the Rosnan Industries' 2019 and 2018.
Particular 2018 2019
Current Asset $635 $750
Current Liability $135 $255
Net working capital 500 525
Net increases in working capital 25
The capital expenditure is made are computed:
Ending balance of fixed asset 2300
Add: Depreciation 100
Less: Begging of fixed amount 1490
Capital expenditure: 910
Net income: 677
Add: Depreciation 100
Less: Capital expenditure -910
Less: Net increases in Net WC -25
Free cashflow -158
The 2018 free cash flow for Rosnan Industries is $158.
As a result, the significance of the Rosnan Industries' 2019 and 2018 balance sheets are the aforementioned.
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What is the beta for a 2 stock portfolio with a 0.54 weight in Walmart stock and the remainder in Amazon
Answer: 0.73
Explanation:
Walmart Beta = 0.3616
Amazon's beta = 1.1634
The beta of the portfolio will be a weighted average of the portfolio beta;
= (Walmart beta * Walmart weight) + ( Amazon beta * Amazon weight)
= (0.3616 * 0.54) + ( 1.1634 * (1 - 0.54))
= 0.730428
= 0.73
The micro-EWOT implies, inter alia, all of the following, EXCEPT
Option (c), All of the following are implied by the micro-EWOT, with the exception of uncritical reasoning.
What dangers may EWOT pose?EWOT poses no risks or adverse effects when used correctly and for no more than 15 minutes at a time. When more oxygen is breathed than is recommended, there is no risk of becoming ill from it.
How is EWOT unique from hyperbaric oxygen?HBOT functions in a different way than EWOT. HBOT is a passive procedure in which the pressure forces oxygen into the tissues. More oxygen enters the tissues as a result of the plasma's super saturation caused by EWOT. After then, the extra oxygen is used by the body.
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The complete question is:
The micro-EWOT implies, inter alia, all of the following, EXCEPT
Marginal cost/benefit analyses Opportunity cost calculi Uncritical reasoning Plausible,L-MEST-G data Inter-temporal comparisonsU.S. Treasury issues three types of Treasury securities: Treasury bills (T-bills), Treasury notes (T-notes), and Treasury bonds (T-bonds). The time to maturity (TTM) of T-bills is 12-month or less than 12-month. The TTM of T-notes is between 1 year and 10 years. The TTM of T-bonds is longer than 10 years. Which one(s) (T-bills, T-notes, or T-bonds) belong to the money market instrument(s)? Which one(s) belong to the capital market instrument(s)? If you would like to buy Treasury securities, which one(s) would you purchase? Explain why?
Answer:
Treasury bills (T-bills) are short-term money market instruments issued by the government to raise short-term funds. They are issued for terms of less than a year and are sold at a discount from their face value. T-bills have maturities of 4, 8, 13, 26, and 52 weeks. Therefore, T-bills belong to the money market instrument(s).
Treasury notes (T-notes) are issued with maturities from two to 10 years and pay interest semi-annually. Therefore, T-notes belong to the capital market instrument(s).
Treasury bonds (T-bonds) are long-term investments that have maturities of 10 to 30 years and also pay interest semi-annually. Therefore, T-bonds belong to the capital market instrument(s).
If you would like to buy Treasury securities, it depends on your investment goals. If you want a short-term investment with low risk and low return, you can consider buying T-bills. If you want a medium-term investment with moderate risk and moderate return, you can consider buying T-notes. If you want a long-term investment with high risk and high return, you can consider buying T-bonds.
Explanation:
I hope this helps
Conan, a hotel owner, has recently decided to go ahead and pay the fee in order to be included in a GDS system. Why is this likely worth paying a fee to Conan?
It is worth paying a fee to Conan because the GDS is often used to tap into the corporate travel market. GDS has the ability to present hotels, flights, and car rentals in one simple interface providing convenience for users.
What is the significance of GDS to the hoteliers?GDS is a network or platform that permits travel agencies and their clients to have access to travel data, shop for and compare hotel options and book travel. GDS platform like the other systems in similar business earns a lot of money or profit in global travel sales.
Therefore, the correct answer is as given above.
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Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $420,000 on sales of $1,500,000. The company’s average operating assets for the year were $1,700,000 and its minimum required rate of return was 15%.
Required:
Compute the company’s residual income for the year.
Answer: 165,000
Explanation:
To compute the company’s residual income for the year, we can use the formula:
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Given: Net Operating Income = $420,000 sales = $1,500,000
Average Operating Assets = $1,700,000
Minimum Required Rate of Return = 15% = 0.15
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Residual Income = $420,000 – (0.15 x $1,700,000)
Residual Income = $420,000 – $255,000
Residual Income = $165,000
Therefore, the company’s residual income for the year was $165,000.
Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $ 36,000 $ 34,500 Work in process $ 20,500 $ 26,000 Finished goods $ 36,500 $ 51,500 Additional information: Raw materials purchases $ 70,500 Direct labor cost $ 95,500 Manufacturing overhead cost incurred $ 63,500 Indirect materials included in manufacturing overhead cost incurred $ 9,800 Manufacturing overhead cost applied to Work in Process $ 62,500 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for July is:
Answer:
Cost of goods manufactured= $214,700
Explanation:
First, we need to calculate the direct material used:
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= 36,000 + 70,500 - 34,500
Direct material used= $72,000
Now, we can determine the cost of goods manufactured:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 20,500 + 72,000 + 95,500 + (62,500 - 9,800) - 26,000
cost of goods manufactured= $214,700
Your employer contributes $55 at the end of each week to your retirement account. The account will earn a weekly interest rate of .17 percent. How much will the account be worth when you retire in 25 years?
Answer:
FV= $262,014.43
Explanation:
Giving the following information:
Weekly deposit= $55
Interest rate= 0.0017
Number of periods= 25*52= 1,300
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= weekly deposit
FV= {55*[(1.0017^1,300) - 1]} / 0.0017
FV= $262,014.43
Analyse action plan and explain the steps that you must follow when drawing an action plan.
Utilize the following five steps to develop an action plan to assist you in reaching your goal:
Set SMART objectives.
Make a list of things to do.
Make a timetable.
Identify resources.
Follow the development.
develop an action plan
Step 1: Establish your objective. Determine what you want your project to accomplish clearly.
List your tasks in step two. Once you have a goal in mind, make a list of the actions you must take to achieve it.
Step 3: Determine the important duties.
Assign duties in step four.
Step 5: Evaluate and enhance.
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The cosmetics industry in the district of Dunkenburg has many competing companies that sell personal care products. However, each company manufactures products that correspond to different income groups. The products are also different in terms of their uses. Which of the following market structures is existent in the cosmetics industry in Dunkenburg?
Monopolistic competition market structures are existent in the cosmetics industry in Dunkenburg.
Monopolistic opposition is a type of imperfect competition such that there are many manufacturers competing in opposition to each different, but selling merchandise that is differentiated from each other (e.g. by means of branding or first-class) and hence isn't perfect substitutes. In monopolistic competition, a business enterprise takes the costs charged with the aid of its opponents as given and ignores the effect of its personal costs at the costs of other groups.
If this occurs in the presence of coercive authorities, monopolistic competition will fall into government-granted monopoly. in contrast to perfect competition, the corporation continues spare capacity. models of monopolistic opposition are frequently used to model industries. Textbook examples of industries with marketplace structures much like monopolistic competition encompasses eating places, cereals, clothing, shoes, and service industries in massive cities.
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Ricky and Lucy are buying a house using a conforming loan, and they have reached an agreement to receive the max concession from their seller. They have agreed on a $230,000 sales price, and are putting down 10%. What is the amount of the seller concession?
3. Planning, and controlling & evaluation are considered as the two sides of a coin. Discuss why they are considered like this with examples. (5 points)
Answer:
planning and controling and evaluating are considered as the two side of acoin .why they are considered like thise with example
Explanation:
Planning is an important factor that preceded implementation, controlling and evaluation work closely with planning to achieve a goal.
What is planning?
Planning involves setting objectives and goals with targets and formulating a plan or program to achieve them.
The activities or plan helps the managers or individuals to analyze progress.
Planning, controlling and evaluation are three important factors that works together to achieve success.
Planning comes first in managementControlling or monitoring then follows to guide the plans Evaluation helps to measure the rate of success.Therefore, Planning, controlling and evaluation are three important factors that work together for effective management and to achieve success.
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In 2018, time spent with digital media accounted for ________ of total media time spent
O 50%O 75%O 3%O 22%Answer: 50%
In 2018, time spent with digital media accounted for 50% of total media time spent.
What is digital media?Digital media items include everything from a smartphone weather app to a racing game on a gaming console to an ultrasound diagnostic instrument at a hospital. They are successful because they are interesting, simple to use, and, in the case of games, enjoyable. They also provide results. Because digital media is a hybrid of technology and content, creating digital media products requires teams of experts with a variety of capabilities, including technical, artistic, analytical, and production management abilities. In order to provide the optimal user experience, the team has to have a balance of all these talents.
Today's world is filled with digital media products that enable and offer experiences in a variety of fields, including some that aren't traditionally connected with digital media, including health, government, and education.
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Nancy is considering whether her toy manufacturing business should develop its own brand. Which is a company reward Nancy can expect from branding?
Answer: a. Brands enhance loyalty.
Explanation:
Brands enhance loyalty because people are more likely to identify with a symbol than with something that has a general identity. When a company has a brand therefore, it will enhance the loyalty of its consumers as they look to identify with that brand.
Take Adidas for instance, the three stripes logo is so iconic that people can sometimes have entire wardrobes of Adidas apparel to show those three stripes off and show that they identify with it. This is the benefit that Nancy stands to gain with branding.
practice setting goals for various aspects of your personal life such as academics career preparation family hobbie. set at least two short term goals and at least two Long term goals for each area for these goals that you have set write out plans for achieving those goals.think in terms of what you will have to do to accomplish each
Certainly, setting goals is an essential practice to achieve success and satisfaction in various aspects of personal life.
Academics:
Short-term goals:
Attend all classes and complete assignments on time.Improve my grade in a specific course by studying regularly. Plan to achieve short-term goals:
Create a daily study schedule and allocate time for reading, writing, and reviewing notes.Seek help from a tutor or professor for difficult concepts.
Long-term goals: Achieve a high GPA to qualify for graduate school. Get accepted into my desired graduate program. Plan to achieve long-term goals: Take challenging courses and attend workshops or seminars to improve academic skills.Research graduate programs and their admission requirements, and prepare for standardized tests if necessary.
Career Preparation:
Short-term goals: Update my resume and cover letter for job applications.Attend a networking event and meet new people in my industry. Plan to achieve short-term goals:Research the latest trends in resume and cover letter writing, and tailor them to specific job applications. Prepare a pitch and networking strategy in advance.
Long-term goals:
Secure a job in my preferred industry and position. Develop new skills and advance in my career.Plan to achieve long-term goals:Attend career fairs, conferences, and other industry events to network and learn about job opportunities.Take online courses or certifications to acquire new skills and knowledge.Seek mentorship or coaching from experienced professionals.
Family:
Short-term goals:Plan a weekend outing with my family.Call or video with a family member living in a different city or country.Plan to achieve short-term goals: Discuss with family members and decide on a fun activity that everyone can enjoy.Schedule a specific time for calling or video chatting, and set reminders if necessary.
Long-term goals:
Spend more quality time with family on a regular basis.Plan and save for a family vacation in the next year.Plan to achieve long-term goals:Create a family calendar or schedule to plan and prioritize events and activities.Set aside a specific amount of money each month for family vacations or other activities.
Hobbies:
Short-term goals:
Practice a new hobby for at least one hour each day.Learn a new technique or skill in my hobby.Plan to achieve short-term goals:Schedule a specific time each day for practicing or learning, and avoid distractions. Research online tutorials or courses, and follow step-by-step instructions.
Long-term goals:
Master a specific hobby and showcase my work publicly.Incorporate my hobby into my career or business.Plan to achieve long-term goals:Attend workshops or conferences to learn from experts and connect with like-minded individuals.Create a portfolio or online gallery to showcase my best work and promote my hobby.
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six steps of purchasing process
Answer:
these are the steps:
Explanation:
Step 1: Identification of the need.
Step 2: The description of the product characteristics.
Step 3: Drafting the specifications. Is it necessary to issue a tender ?
Step 4: Supplier sourcing. Step 5: In-depth analysis of applications. ...
Step 6: Preparing for the negotiation.
Answer:
The six steps of the purchasing process are:
Recognition of Need: This is the first step in the purchasing process where the buyer identifies a need for a particular product or service. This can be due to various reasons such as the product being outdated or the buyer has a new requirement.
Information Search: Once the need is identified, the buyer will begin researching to gather information about the available options. This can include searching online, talking to friends and family, or contacting vendors for product details.
Evaluation of Alternatives: After gathering information about the available options, the buyer will evaluate and compare the alternatives based on factors such as price, quality, and features.
Purchase Decision: Once the evaluation is complete, the buyer will make a purchase decision based on the evaluation results. The purchase decision can be influenced by factors such as product availability, price, and the reputation of the vendor.
Purchase: After making the purchase decision, the buyer will proceed to purchase the product or service from the chosen vendor.
Post-purchase Evaluation: After the purchase is made, the buyer will evaluate the product or service to determine if it met their expectations. This can influence future purchasing decisions and the buyer's perception of the vendor's brand.
Explanation:
Which is these is true about trusts?
OA. They have less tax liability.
OB. They have multiple beneficiaries.
C. They require power of attorney.
OD. They have more tax liability.
Answer: The answer is They have more tax liability.
Explanation:Trust is a fiduciary relationship.In this, a first party gives the right to assets or the right to hold the title to a second party for the benefit of a third party.The first party is called the Grantor.The second party is called as the Trustee.The third party is called as the Beneficiary.As the trust is a seperate legal and taxable entity, the tax payment of the trusts depend upon whether it is a simple trust,complex trust or a grantor trust.The tax brackets of trusts are more compressed.So, the trusts pay more taxes than individual taxpayers.
the information for preparing a trial balance on a work sheet is obtained from
The information for preparing a trial balance on a work sheet is obtained from the general ledger accounts.
A trial balance is said to be prepared by using the amounts in the company's general ledger accounts which considers each of the company's ledgers accounts and as well as it tends to include their amounts which is in the total calculation of the trial balance.
So, this Ledger account will tend to include debit or credit amount as per the balance. Thus, the trial balance is said to be prepared after the transactions are first recorded in the journal and then they are subsequently posted in the general ledger.
Hence, trial balance is a part of the accounting process.
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What issues does a company need to consider when a competitor initiates
a price change?
The perceived demand for a monopolistic competitor
The owner of Kat Motel wants to develop a time standard for the task of cleaning a cat cage. In a preliminary study, she observed one of her workers perform this task six times, with the following results:Observation 1 2 3 4 5 6Time (secs) 109 117 117 128 125 129Required:What is the normal time for this task if the employee worked at a 32 percent slower pace than average and an allowance of 14 percent of job time is used?
Answer:
Standard Time = 206.6 secs
Explanation:
In order to calculate the time for this task if the employee worked at a 32 percent slower pace than average, we need to calculate the normal time first by using the following formula
Normal Time = Average element-time / performance rating
Average element time = Sum of observations / No. of observations
Average element time = 109 +117 +117 +128 +125 +129 / 6
Average element time = 725/6 = 120.83
Performance rating = 100 - 32 = 68%
Normal Time = 120.83 / 0.68 = 177.7 secs
Standard Time = Normal Time / (1-Allowance)
Standard Time = 177.7 / (1-0.14)
Standard Time = 206.6 secs