The situation can be seen as a payout annuity problem and the couple should withdraw $3,086.29 each month
The formula of payout annuity is given by:
P = PMT. [1 - (1 + r)⁻ⁿ] / r
Where:
P = present value
PMT = payout annuity
r = interest rate per period
n = number of periods
Parameters given:
P = $250,000
The annual interest rate is 8.4%. Since the withdrawal is monthly, we need to divide it by 12.
r= 8.4%/12 = 0,007
The number of periods is:
n = 12 months x 10 years = 120
Plug the parameters into the formula:
250,000 = PMT × [1 - (1 + 0,007)⁻¹²⁰] / 0.007
PMT = 250,000 × 0.007 / 0.567
= 3086.29
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At a convenience store, two candy bars and two bags of potato chips cost $4. 00, and three candy bars and two bags of potato chips cost $4. 75. What is the price of one bag of potato chips?.
According to the solving the price of one bag of potato chips is $1.25.
What in mathematics is a linear equation?A linear equation seems to be an algebraic equation of the form y=mx+b, where m is the slope as well as b is the y-intercept, and only a constant and a second-order (linear) term are included. The variables in the preceding equation are y and x, and it is occasionally referred to as a "linear equation of two variables."
What makes it a linear equation?Each term in a linear equation has an exponent of 1, and when this algebraic equation is graphed, it always produces a straight line. It is called a "linear equation" for this reason.
According to the given data:Assume that the cost of candy bars is x and the cost of potato chip packages is y.
Given that two candy bars, as well as two bags of potato chips each, cost $4.00, the following calculation is appropriate:
2x+2y=4 ......(1)
In addition, the cost of two bags of crisps and three candy bars is $4.75.
3x+2y=4.75 ....(2)
Subtract equation (1) from (2), we get
(3x−2x)+(2y−2y)=4.75−4
⇒x=.75
Now substitute the value of x in equation (1):
1.5+2y=4
⇒2y=4−1.5
⇒2y=2.5
⇒y=1.25
According to the solving the price of one bag of potato chips is $1.25.
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one of the basic goals of storage management is to prevent the loss of merchandise due to inventory shrinkage. what is another term for inventory shrinkage?
Another term for inventory shrinkage is pilferage
The act of taking low-value objects, especially in tiny numbers, is known as pilferage or pilfering and is also referred to as petty theft. Other terms for pilferage include: The theft of a portion of a package's contents is known as package pilferage. Pilferage is the act of one animal stealing from the food supply of another animal.
What is inventory shrinkage ?Inventory shrinkage, as it is known in accounting, is the situation where a store has fewer products in stock than are listed on the inventory list owing to clerical error, merchandise being harmed, misplaced, or stolen between the point of manufacture and the point of sale, or both. Profits are impacted by shrinkage, which lowers them if it is significant.
In order to match inventory shrinkage against revenues for that period of time, the matching principle mandates that it be recognised as a cost in that period.Learn more about Inventory shrinkage here:
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Sean just bought new headphones for $50. Later that day, sean sees a friend who said they got the same headphones for $30. Sean assumes that these cheaper headphones must be knockoffs. Which logical fallacy is sean suffering from in this example?.
False arguments that at first glance seem plausible but are in fact erroneous are known as logical fallacies. Because an observer evaluates a situation from a reference point, anchoring is a logical error that results from cognitive bias and is the fallacy that Sean exhibits in this example.
Sean is the example where we see him evaluating the $30 headphones based on the ingrained belief that inexpensive items are of worse quality.
What is Anchoring?Anchoring, a well-known cognitive bias in negotiation, is the propensity to place undue emphasis on the initial offer made and then to inadvertently alter from that starting point.
When people make decisions, anchoring bias happens because they rely too heavily on information that they already know or that they find initially. For instance, if you first see a $1,200 T-shirt and then a second one that costs $100, you might perceive the second garment as being inexpensive.
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if a prospect calls to rsvp for a meeting, a permission to contact form is not required for that meeting but would be required for a representative to place a follow-up call to a meeting attendee.
'if a prospect calls to RSVP for a meeting, a permission to contact form is not required for that meeting but would be required for a representative to place a follow-up call to a meeting attendee.
This statement is True.
RSVP is an acronym derived from the French phrase Reponed sail Vous plait, which literally means 'reply if you want or simply 'please reply' to request confirmation of the invitation. The acronym "RSVP" is no longer used in France, where it is considered formal and outdated. If you look into etiquette books published in the early 1900s, you'll find many explanations that writing his RSVP on invitations is outdated.
Although a French acronym, RSVP is no longer widely used in France and is considered formal and very archaic. A preferred expression is response rouaite, usually followed by a date or method.
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Spending money on food is part of this expenditures approach for calculating the GDP.
consumer spending
sum of government spending
sum of all the country's businesses spending on capital
gross exports
gross imports
The consumer spending expenditure method used to calculate GDP includes spending on food.
The expenditure method is a way of figuring out gross domestic product (GDP) that includes net exports, government spending, investment, consumption, and investment. It is the most typical method of estimating Gross domestic product. It states that everything the government spends and all private sector spending, including consumer and business spending, must equal the total value of all finished goods and services produced over a specific time period. For calculating the Gross domestic product, the income approach can be contrasted with the expenditure approach for better results.
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Consumer spending money on food is part of the expenditures approach for calculating the GDP.
Consumer spending is the total money which is thus spent on final goods and services by households or individuals for their personal use and enjoyment in an economy. This also drives a significantly large part of U.S. GDP. As it makes one of the biggest determinants of economic health.
Consumption includes personal or consumer expenditures. In other words, this measures the dollar value of goods and services purchased by consumers. Thus, such items would include food, clothing, and transportation. Whereas, any new purchases by consumers can be counted as part of the GDP.
Hence, option A is corrcet.
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pecan theatre inc. owns and operates movie theaters throughout florida and georgia. pecan theatre has declared the following annual dividends over a six-year period: 20y1, $80,000; 20y2
Pecan Theatre Inc.
Total dividends per type share:
# Declared //Preferred //Arrears* //Common
1- 64,000 64,000 96,000
2- 192,000 192,000 64,000
3- 304,000 256,000 48,000
4- 352,000 160,000 192,000
5- 448,000 160,000 288,000
6- 560,000 160,000 400,000
Dividends per share:
Year //Preferred //Common
1 1.6 0
2 4.8 0
3 6.4 0.48
4 4 1.92
5 4 2.88
6 4 4
Insufficient dividends will result in arrears for subsequent years because preferred dividends are cumulative.
40,000 shares x $100 x 4% = $ 160,000
* We declare that 64,000 of the chosen should receive 160,000, which adds 96,000 to the period after.
Afterward, we declare 192,000.
We settle the 160,000 for the year and reduce the 32,000 arrears.
The remainder flows to common shares after we pay the current year and the arrears.
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The complete question is ''Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $80,000; Year 2, $90,000; Year 3, $150,000; Year 4, $150,000; Year 5, $160,000; and Year 6, $180,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 250,000 shares of cumulative, preferred 2% stock, $20 par, and 500,000 shares of common stock, $15 par. Required: 1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of Year 1. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0".
Select the correct answer from each drop-down menu.
David is evaluating the ad effectiveness of an ad campaign that his company undertook for their sunscreen brand. Based on this evaluation David plans to better manage financial decisions regarding campaign. He also wants to compare the actual results of the campaign to the expected results to find out if there is any difference. Which advantages of evaluation of ad effectiveness is David trying to achieve here?
While evaluating ad effectiveness he should consider the finances and return to get from the advertisement campaign.
The comparison of the results can be done with the use of actual results and the expected results with the help of business analytics. This provides record of immense trend in the changes happened due to advertising campaign.
Advertisement campaigns are more powerful as they need less investment, they have more reach to customers and are easily understand by everyone which further help to manage financial decisions.
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the purpose of business legislation is primarily based on . question content area bottom part 1 a. protecting consumers from unfair business practices b. punishing companies for unlawful behavior c. protecting companies from each other d. regulating and constraining companies
The purpose of business legislation is primarily based on protecting consumers from unfair business practices. Maintaining secure and efficient workplaces for everyone involved in the business, whether they are running it or working for the people running it, is the goal of combining business and law.
Business law, often known as commercial law or mercantile law, refers to the collection of regulations controlling inter-person interactions legislation in commercial concerns, whether established by convention, agreement, national or international legislation. Contract law, manufacturing and sales law, recruiting procedures, and business ethics are all included in the definition of business law.
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Besides plain business cards, hammerpress also offers business cards with special ink and business cards with embossing. They need to price these special business cards relative to the plain business cards. This pricing strategy is also known as ____________.
The need to price these special business cards relative to the plain business cards for pricing strategy is also known as effective pricing strategy.
The pricing strategy is a principle of marking the right price of the product according to its market value with some added value and a trade discount so that the shopkeeper or the seller hampers business cards that are available for them to sell new goods.
The special pricing technique also known as the effective pricing strategy is planned in advance with the production process so that actual cost can be released easily.
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on his 21st birthday, asher inherits $250 million worth of wealth from his family. this wealth gives him access to many societal resources most would never have. this wealth, according to bourdieu, would be considered .
Pierre Bourdieu is regarded as one of the most important social theorists of the late twentieth century, with theoretical and empirical contributions to a variety of areas including political sociology, education, and cultural stratification
Many societal resources according to Bourdieu, this wealth would be taken into consideration?
Pierre Bourdieu is renowned for his work on the social sciences' theoretical underpinnings in the domains of schooling and cultural stratification.The connected Bourdieu notions of field, capital, and habitus have proven crucial to many social scientific approaches to inequality and stratification.Additionally, we contend that Bourdieu's theories are present in what is becoming known as "digital sociology."We investigate how Bourdieu's theories continue to have a significant influence on social science research conducted on and with digital and Internet-based technologies to support this assertiedBourdieu (1985) coined the phrase "the aggregate of actual or potential resources which are connected to possession of a lasting network of more or less formalized connections of mutual acquaintance or recognition" to describe social capital theory (SCT).
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Pierre Bourdieu argues that among the factors responsible for social status, the most important is the transmission of cultural capital.
what is cultural capital in Bourdieu?
Cultural capital, in Bourdieu's view, can be institutionalized, objectified, or embodied. A luxury car or record collection are examples of embodied cultural capital, whereas one's accent or dialect is Bourdieu, however, makes a distinction between the three types of capital—economic, social, and cultural capital—that might affect a person's social status. There is a dearth of health studies exploring cultural capital's consequences. examples of culture as it has been objectified. Bourdieu, however, makes a distinction between the three types of capital—economic, social, and cultural capital—that might affect a person's social status. There is a dearth of health studies exploring cultural capital's consequences.To more learn about cultural capital in Bourdieu refer to:https://brainly.com/question/19048453
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all supervisors must attend the staff meeting held each monday morning. all project managers must be in the office on fridays. some project managers attend the monday morning staff meetings.
Some employees who attend the Monday morning staff meetings are in the office on Friday.
Who are Project Manager ?
Project management is the process of overseeing a team's activity to complete all project objectives within the established parameters. The project documentation that is prepared at the start of the development process typically include descriptions of this information. The three main restraints are budget, time, and scope. Optimizing the distribution of necessary inputs and using them to achieve pre-established goals is the secondary problem.
The goal of project management is to provide a finished product that meets the goals of the client. The goal of project management is frequently to modify the client's brief in order to more effectively achieve the client's goals. Once the client's goals are made apparent, they should guide every choice made by everyone else working on the project, including the project manager, designers, builders, and subcontractors. Decision-making is hampered by poorly defined or excessively tightly mandated project management objectives.
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is the process of ensuring that the organization's objectives are being met and of correcting deviations from the plan. group of answer choices planning leadership controlling staffing communicating
The process of ensuring that the organization's objectives are being met and of correcting deviations from the plan is controlling. Thus the correct option is C.
What is a Business plan?A business plan is referred to as a document that provides a roadmap to achieve the objective or vision of any organization. It provides a pathway that consists of directions on how things will take place in an appropriate manner.
Controlling helps to control business operations by comparing the standard measures with the actual performance and identifying the loopholes for making improvements.
Therefore, option C is appropriate.
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Which organ systems are used to help the body shiver?
circulatory and respiratory
nervous and muscular
circulatory and muscular
respiratory and nervous
The organ systems which are used to help the body shiver are: B. nervous and muscular.
What is a nervous system?A nervous system simply refers to a network that typically consist of nerve cells and fibers, which are primarily used for the transmission of neural impulses (signals) and control of the muscular system in the body of a living organism.
This ultimately implies that, the nervous system is saddled with the responsibility of controlling the muscular system within the body of all living organisms.
In conclusion, we can reasonably infer and logically deduce that the nervous and muscular system are organ systems that helps the body of a living organism shiver.
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kristi and rebecca sell lemonade on the corner for $0.50 per cup. it costs them $0.10 to make each cup. on a certain day, their producer surplus is $20. how many cups did kristi and rebecca sell?
If kristi and rebecca sell lemonade on the corner for $0.50 per cup. if on a certain day, their producer surplus is $20. The number of cups that kristi and rebecca sell is : 50 cups.
Number of cupsFirst step is to calculate the initial profit
Initial profit :
Initial profit =$0.50- $0.10
Initial profit=$0.40
Second step is to calculate the number of cups of lemonade
Number of cups :
Number of cups = Surplus/ Initial profit
Number of cups = $20/$0.40
Number of cups = 50 cups of lemonade
Therefore we can conclude that both Kristi and Rebecca sold out 50 cups of lemonade.
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Organizations must have a strategy for managing all the resources that are involved in meeting customer demand for their product or service. This strategy is developed in the ________ activity of scm.
Organizations must have a strategy for managing all the resources that are involved in meeting customer demand for their product or service. This strategy is developed in the plan component of SCM.
How does SCM work?Supply chain management (SCM) is, at its most basic level, the control of the movement of materials, information, and money involved in the production of a thing or service, from the acquisition of raw materials to the delivery of the good at the intended location.
What is the role of SCM?All procedures that convert raw materials into finished goods are included in supply chain management (SCM), which is the centralized control of the flow of goods and services. Companies can reduce unnecessary expenditures and expedite the delivery of goods to customers by optimizing the supply chain.
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In economics, actions by individuals and interest groups designed to influence public policy in a manner that will either directly or indirectly redistribute more income to themselves are known as.
Rent-seeking refers to individuals and interest groups' efforts to influence public policy to either directly or indirectly transfer more revenue to themselves.
Rent-seeking is a tactic for gaining more profit or money above and the minimal payment necessary to keep the resources functioning at someone else's expense individuals'.
The rent seeker seeks to maximize its income for a resource it offers by transferring the financial burden to others. It also frequently has additional negative implications, such as increased economic disparity, lost government revenues, and less competitiveness. Rent-seeking does not boost the economic expense of individual output.
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A famous actress who dropped out of high school and held a variety of odd jobs, including doing the hair and make-up for corpses, before finally succeeding in show business?.
A famous actress (Whoopi Goldberg) dropped out of high school and did hair and make-up for corpses, before finally succeeding in show business.
Caryn Elaine Johnson (born November 13, 1955) is an American actress, comedian, author, and television personality best known as Whoopi Goldberg. She is one of 17 artists who have won the EGOT, which consists of an Emmy Award, a Grammy Award, an Academy Award ("Oscar"), and a Tony Award. In 2001, she received the Mark Twain Prize for American Humor.
Goldberg began her theater career in 1983 with her one-woman play Spook Show, which transferred to Broadway as Whoopi Goldberg and performed from 1984 to 1985. She won a Grammy Award for Best Comedy Album for the concert album. Her breakout performance as Celie, a mistreated lady in the Deep South, came in 1985.
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which theoretical models views public relations as a system of managing relationships among organizations, individuals, and their many publics?
Two-way symmetrical model views public relations as a system of managing relationships among organizations, individuals, and their many publics.
What is public relations?Public relations is the management and distribution of information from individuals or organizations to the public to influence their perception. Public Relations are different in that PR is managed internally whereas Public Relations is not managed and contributed by external parties.PR specialists build and maintain a positive image for companies and organizations. They create media, from press releases to social media messages, that shape public opinion about companies and organizations and increase brand awareness.Public Relations can: Be proactive. For example, share positive news to raise awareness of your company. Reactions – such as responding to events that may adversely affect a company's reputation.To learn more about public relations from the given link :
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Marisol's employer has insinuated that she would receive a promotion on the
basis of submitting to sexual demands. What type of sexual harassment is
this?
A. Bullying
B. Disparate treatment
C. Quid pro quo sexual harassment
D. Hostile work environment
This is the type of Hostile work environment harass-ment. Harass-ment occurs when employer repeatedly abuses, insults, or otherwise harms you. Harass-ment is not only cruel and bother-some, but it is also unlawful in some situations.
Harass-ment is a general term for any type of ongoing torment. Bullying is another term for employer harassment in school. Offensive or insulting remarks, racial or ethnic slurs, pressure for dates, unwelcome comments regarding a person's religion or religious garb, or offensive graffiti, cartoons, or photos are all examples of harass-ment catcalls, or crowding someone in a confined space are some obvious ways that people are moles-ted.
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a manager in your company is proposing the acquisition of taylor company, which has developed a new, innovative product, instead of adopting a strategy of developing new products in-house. all of the following arguments are correct except:
In a case whereby a manager in your company is proposing the acquisition of Taylor Company, with a developed a new, innovative product instead of a strategy of developing new products in-house , the arguments that is not correct is (A) the acquisition of Taylor should be primarily for defensive rather than strategic reasons.
What is an argument?An arguments can be described as the set of reasoning that is been dished out so that a particular idea can be supported.
In the case above we can see that the acquisition of the Taylor company is been put under some consideration before it will be gotten , some of the consideration here is that the company have a new as well as an innovative product which can be beneficial to the company that is planning the acquisition.
Therefore, from the argument about the acquisition, then it should follow a defensive strategy.
Therefore, option A is correct.
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Check the missing option:
(A) the acquisition of Taylor should be primarily for defensive rather than strategic reasons.
(B) research suggests that acquisition strategies are a common means ofavoiding risky internalventures.
(C) the outcomes of acquisitions can be estimated more easily and accurately than the outcomes for an internal product development process.
what form of promotion would be best used for a business selling a new range of hair shampoo? give a reason for your answer.
-advertising
-personal selling
-direct promotions
-publicity
Advertising is the form of promotion would be best used for a business selling a new range of hair shampoo.
What do you mean by business?
Business is the practise of earning a living or earning money by manufacturing, purchasing, and selling goods. If the company incurs debts, creditors may seize the owner's personal belongings. Corporate tax rates are not permitted in a firm structure.
Advertising would be the best form of promotion for a business selling a new range of hair shampoo because it would allow the business to reach a large number of potential customers at once. Additionally, advertising can be customized to target specific demographics, which would be beneficial for a business selling a new product.
Therefore, A is the correct option.
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carla earns $125,000 from january through november 2017, before resigning to work for a new employer who pays her $3,000 for december 2017. how much fica would be withheld on the $3,000
$229.50 since fica t
More queation?
at hybrid group vehicles, employees are grouped into teams. each team is responsible for assembling an entire automobile. the company gives each team freedom and flexibility to decide how to divide up the work and keeps the employees informed about how their cars are selling. hybrid group vehicles is using a strategy of
Given that at Hybrid group vehicles, employees are grouped into teams, and each team is responsible for assembling an entire automobile. If the company gives each team freedom and flexibility to decide how to divide up the work and keeps the employees informed about how their cars are selling, then Hybrid group vehicles is using a strategy of Unitary Motivation.
What is Unitary Motivation?White's definition of competence as "an organism's ability to interact successfully with its environment" appears to be a unitary approach to motivation, and he does refer to motivation as the need toward competence.
The need-based category includes four important theories:
Maslow's hierarchy of needs, ERG theory, Herzberg's dual-component theory, and McClelland's acquired needs theory.Learn more about Motivation:
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Since 1950 in the united states, the labor force participation rate for males has _____ generally and the labor force participation rate for females has generally ____.
Since 1950 in the united states, the labor force participation rate for males has decreased generally and the labor force participation rate for females has generally increased.
How was the labor force participation rate for males and females changed?Since the 1950s, a trend has been noticed where the labor force participation rate for males has been decreasing till the current period from 86% in the 1950s to 73% as early as 2005.
The labor force participation rate for females on the other hand, has been increasing in that same time period and this has been attributed to several factors.
One of those factors is that women are now able to get jobs that they couldn't get before the 1950s as these were reserved for men. With women now taking those jobs, they can act as breadwinners and the men who used to do them no longer have to. This therefore reduced the labor force participation rate for males.
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While _______ decisions will generally need to be processed via the ______ system in our brains in order for us to reach a good decision, with ______ decisions, heuristics can allow decision makers to switch to the quick, _____ system.
While Non-programmed decisions will generally need to be processed via the reflective system in our brains in order for us to reach a good decision, with programmed decisions, heuristics can allow decision-makers to switch to the quick, reactive system.
In the field of biology, non-programmed decisions can be described as those decisions which are based on deliberate thinking. The reflective system of the brain processes the non-programmed information. It allows us to think and ponder over our observations in order to make a decision.
On the other hand, a programmed decision can be described as a kind of decision that occurs instinctively. We do not think before a programmed decision is made as our reactive system is indulged in generating this response. The reactive system produces a programmed response that occurs naturally without any thinking.
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assume the following information: milling department units percent complete materials conversion beginning work in process inventory 200 40% 30% units started into production during march 6,200 units completed during the period and transferred to the next department 5,800 100% 100% ending work in process inventory 600 70% 60% milling department materials conversion cost of beginning work in process inventory $ 10,000 $ 15,000 costs added during the period 290,000 385,000 total cost $ 300,000 $ 400,000 using the weighted-average method, the total cost of the ending work in process inventory with respect to conversion is closest to:
Total cost of ending work in process inventory = $30,510
The average cost of the process using the weighted-average method is the closest cost in terms of conversion to $46.95.
1 Material equivalent units = 5,800 + (600 × 70%) = 6,220 units
Cost per equivalent unit = (10,000 + 282,000) / 6,220 = $46.95
Option $46.95 is CORRECT
2 Equivalent unit of material =5,800 + (600 × 70%) = 6,220 units
Cost per equivalent unit of material = 297,000 / 6,220 = $47.75
Equivalent unit of material in ending inventory = 600 × 70% = 420 units
Cost of ending work in process with respect to material = 420 × 47.75 = $20,055
3 Equivalent unit of unit completed in material = 5,800 units
Equivalent unit of material = 5,800 + (600 × 70%) = 6,220 units
Cost per equivalent units of material= 292,000 / 6,220 = $46.95
Total cost of unit completed with respect to material = 5,800 × 46.95 = $272,310
4 Equivalent units of ending inventory in material = 600 × 50% = 300 units
Equivalent units of ending inventory in conversion cost = 600 × 40% = 240 units
Equivalent unit of material = 5,800 + 300 = 6,100 units
Equivalent unit of conversion cost = 5,800 + 240 = 6,040 units
Cost per equivalent units of material = 300,000/6,100 = $49.18
Cost per equivalent unit of conversion cost = 396,500/6,040 = $65.65
Total cost of ending work in process inventory = (300 × 49.18) + (240 × 65.65) = $30,510
5 Equivalent unit of material = 5,800 + (600 × 50%) = 6,100 units
Equivalent unit of conversion cost = 5,800 + (600 × 30%) = 5,980 units
Equivalent unit of units completed in material = 5,800
Equivalent unit of units completed in conversion cost = 5,800
Cost per equivalent units of material = 300,000/6,100 = $49.18
Cost per equivalent units of conversion cost = 396,500/5,980 = $66.30
Total cost of units completed and transferred out
= (5,800 × 49.18) + (5,800 × 66.30) = $669,784
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in 2021, tpc incorporated sold investment land with a $474,000 book and tax basis for $775,000. the purchaser paid $100,000 in cash and gave tpc a note for the $675,000 balance of the price. in 2022, tpc received a $105,500 payment on the note ($67,500 principal $38,000 interest). assuming that tpc is using the installment sale method, compute its gain recognized in 2022.
If in 2021, t p c incorporated sold investment land with a $ 474,000 book and tax basis for $ 775,000 and tpc received a $105,500 payment on the note ($ 67,500 principal $ 38,000 interest). assuming that tpc is using the installment sale method, its gain recognized in 2022 is: $26,216.
Recognized gainWe would have to make use of this formula to determine or find the recognized gain
Recognized gain = Principal payment × ( Gain / contract price )
Where:
Principal payment = $ 67,500
Gain = $ 301,000
Contract price = $ 775,000
Let plug in the formula
Recognized gain = ( $67,500 × ( $301,000 / $775,000 )
Recognized gain = $67,500 × 0.38838
Recognized gain = $26,215.6
Recognized gain= $26,216 ( Approximately )
Therefore we can conclude that the recognized gain is the amount of $26,216.
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answered
Sita and Zoya are two friends
belonging to Hindu and Muslim
religion. They start a
business of handicrafts together. They decide to
open the factory in rural area and give
employment opportunities to local residents.
a) Which form of business organisation have they
opted?
1 SEE ANSWER
They have chosen the partnership business structure:
Describe a partnership:In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership.
What is a partnership and what are its benefits?If there are less than 20 people involved and restricted liability is not required, think about forming a partnership. One benefit of a cooperation is that: Two or more heads are preferable to one. Your company is simple to launch and has modest startup expenses. The business has access to extra funding.
Briefing:In small- and medium-sized businesses, partnerships are a common type of company structure. One individual is unable to manage the growing scale of the company on their own. Therefore, a partnership between two or more people is formed to conduct business. The issue with sole proprietorships is beginning to be solved by this type of firm.
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When marketers evaluate the attractiveness of each potential segment and decide in which of these groups they will invest resources to try to turn them into customers, they are engaging in ________.
When marketers evaluate the attractiveness of each potential segment and decide in which of these groups they will invest resources to try to turn them into customers, they are engaging in C. targeting.
In the field of business, targeting refers to the various aspects that a particular business focuses on in order to expand itself. For determining which segments of a business to target, marketers evaluate certain factors such as segmenting the market, choosing the potential customers, focusing on particular marketing strategies, etc.
When marketers research the potential of each segment and decide their strategies based on this research to engage more customers, then they are using the targeting strategy.
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warren enterprises began operations during year 1. the company had the following events during year 1: the business issued $36,000 of common stock to its stockholders. the business purchased land for $28,000 cash. services were provided to customers for $32,000 cash. services were provided to customers for $21,000 on account. the company borrowed $32,000 from the bank. operating expenses of $28,000 were incurred and paid in cash. salary expense of $2,400 was accrued. a dividend of $20,000 was paid to the stockholders of warren enterprises. after closing, what is the balance of the retained earnings account as of december 31, year 1? multiple choice $22,600 $53,000 $21,000 $2,600
Optin (d) $2,600 is correct.
After closing the balance of the retained earnings account as of December 31, year 1 is $2,600.
What is retained earnings?Retained earnings are the funds that stay with the business after all costs have been paid and dividends have been paid to common stockholders. Retained earnings are put back into the company.A portion of the profit that is kept in the company for future growth is known as retained earnings. is thus a portion of the owners' fund. Cash or the balance in your business bank account are not the same as retained earnings.Retained earnings can be used to fund corporate expansion, pay additional dividends, invest in new product lines, or even repay loans. The majority of businesses that have a healthy retained earnings balance will attempt to strike the correct balance between satisfying shareholders and funding corporate expansion.The Opening retained earnings = The Service on cash + The Service on account - The Operating expenses - The Salary expense - The Dividend
= 32000 + 21000 - 28000 - 2400 - 20000
= $2,600
Hence, after closing the balance of the retained earnings account as of December 31, year 1 is $2,600.
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