Luna company accepted credit cards in payment for $6,000 of services performed during july. The credit card company charged luna a 4 percent service fee; it paid luna as soon as it received the invoices. Required based on this information alone, what is the amount of net income earned during the month of july?.

The Workweek Basis of the Act. The workweek of an employee is a defined and repeating period of 168 hours, or seven separate 24-hour periods.

The Fair Labor Standards Act contains the federal overtime provisions (FLSA). Employees covered by the Act shall receive overtime pay at a rate of at least time and a half their usual rates of pay for hours worked beyond 40 in a workweek, unless they are exempt. The Act does not include a cap on the number of hours that individuals 16 and older can work in a given workweek. Unless overtime is worked on such days, the FLSA does not mandate overtime pay for work done on Saturdays, Sundays, holidays, or ordinary rest days.

It can start on any day and at any time of the day; it does not have to begin on the first day of the week. For various employees or employee groups, alternative workweeks may be set. It's not allowed to average hours over two or more weeks. Normally, the regular pay day for the pay period in which the wages were earned is when overtime money received during a specific workweek is paid.

debit Salary Expense, $12,000; credit Salaries Payable, $12,000

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Answer:

Consumption expenditure on durable goods

Explanation:

Consumption expenditure includes expenditure on goods which are used for final consumption by households. This can be further classified into,

i) Expenditure on durable goods that is goods that can be used over a longer life span such as cars, furniture, refrigerator, etc

ii) Expenditure on non-durable goods that are goods that have a short-life span and thus must be stored for a longer time such as food, clothing, etc

iii) Expenditure on services  such as banking, insurance, traveling, etc

Thus, purchase of a new car is included in consumption expenditure on durable goods.  

The expected loss from playing the casino game is $-0.28

The first step is to determine the probability of picking a red card and then a ace of hearts.

Probability of picking a red card and ace of hearts = probability of picking a red card x probability of picking an ace of heart

Probability of picking a red card = number of red cards / total number of cards in a deck of cards = 25 / 52

Probability of picking an ace of heart = number of ace of hearts / total number of cards in a deck of cards = 1/52

Probability of picking a red card and ace of hearts = 26/52 x 1/51 = 0.00943

Profit = $500 - $5 = $495

Probability of winning = 0.00943 x $495 = $4.67

Loss = 0 - $5 = $-5

Probability of losing = (1 - 0.00962) x -5 = -4.95

Expected value = $4.67 - $4.95 = -0.28

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Answer:false

Explanation:

The rental rates were $23.70 per square foot per month five years ago if the rental costs have been going up at 6.2% per year compounded annually.

The rental rates 5 years ago can be determined using the formula for compound interest as follows;

A = P (1 + r/n)^nt

Here A represents the final amount, P represents the initial balance, r represents the interest rate, n represents the number of times the interest was applied per time period, and t in this formula represents the number of time periods elapsed.

32 = P (1 + 0.062)^5

P = 32 / (1.062)^5

P =  23.70

Hence the rental rate was calculated to be $23.70 five years ago if the space rent is now at a rate of 32$ per square foot per month.

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An example of an equity investment is D. A company's stock.

Equity investments come through the purchase of shares in a company's stock. The stock may be preferred stock or common stock, and they confer ownership interests on the equity holders.

A corporate loan or bond does not confer equity ownership on the investor.  Such an investor remains a creditor (short-term or long-term).

Similarly, a government bond is not an equity investment in the government because all citizens are stakeholders.  An investor who purchases government bonds is a creditor to the issuing government.

Creditors do not receive dividends, unlike equity investors.  They receive fixed interests, which must be paid, whether profits are generated or not.

Thus, among the list, the only example of equity investment is Option D.

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Vendor-managed inventory is a strategy that allows suppliers to determine buyer needs and automatically ship product, so the statement above is true.

Vendor-managed inventory can be defined as an inventory management practice in which a supplier of goods, usually the manufacturer, is responsible for optimizing the inventory held by a distributor. The function of Vendor Managed Inventory is to provide a mutually beneficial relationship where both sides will be able to more smoothly and flow of goods and accurately control the availability.

Vendor managed inventory can be divided into two classes, such as:

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Fischer Esterification is used to accomplish the preparation of isopentyl acetate which is an equilibrium reaction.

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Consumerism is a. the efforts of independent individuals, groups, and organizations to protect the rights of consumers.

In the field of economics, consumerism can be described as such actions by which the buyers of products and goods are benefitted. Consumerism is the actions that consumers take in order to protect and demand for their rights.

Consumerism is the efforts that can be made by a single person, a group, or people or organizations for making consumer-orientated services and products. Thu consumers promote and ask for their rights through the process of consumerism.

The consumers have a viewpoint that due to their buying of products, the businesses are able to expand hence their rights should be met and protected.

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Then we would be making only a semantic change in how we analyze the effects of government budget deficits.

A government budget is a document prepared by a government and/or other political body that outlines the expected tax revenues and proposed spending/expenditures for the next financial year. In most parliamentary systems, budgets are submitted to parliament and often require parliamentary approval.

The amount of taxpayer's disposable income depends on the tax rate indicated in the budget. Government spending in various areas such as defense, administration, infrastructure, education, and health affects the lives of citizens and the economy as a whole.

There are three types of estimated annual government budgets: surplus budget, balanced budget and deficit budget.

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Collecting information from secondary sources such as business, government, trade, and general-interest publications plays an important role in a. environmental scanning.

Environmental scanning can be defined as the process of acquiring relevant data or information  that enables an organization to function properly.

Most companies or organization tend to make use of environmental scanning as this will enables them to know the factors that can have both positive and negative impact on their business.

Therefore Collecting information from secondary sources such as business, government, trade, and general-interest publications plays an important role in a. environmental scanning.

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The decentralized public ledger system called Blockchain is used to record and manage transactions in traditional sectors like shipping, real estate, voting, and stock trading.

Decentralization is the process of transferring authority and responsibility from a centralized organization to a decentralized system. Greater and more equitable service can be offered by delegating the administration of resources available in an application.

A distributed ledger called a blockchain allows payments to be confirmed without the need for a national automated clearing house. This type of data storage makes automatic updates, attacks, and deception extremely difficult.

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The correct answer is d. The cost allocation base is a systematic way to link an indirect cost or group of indirect costs to cost objects.

Cost allocation is the process of relieving the cost centers of shared service organizations that offer a good or service. Internal customers' cost centers that use the goods and services are then given credit for the related charge. A mechanism to keep track of which companies offer a product or service, which companies use it, and a list of portfolio offers make up the fundamental elements of a cost allocation system. The data on cost allocation may be used to create an internal invoice or to feed an ERP system's chargeback module, depending on the organizational structure inside the business.

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Tom is referred to as a promoter in corporate law.

A promoter is the founding member or organizer of a corporation or business venture in corporate law; the individual who takes the initiative to start or organize a business. The phrase is most commonly heard in the context of incorporation. A promoter would carry out the actions required to incorporate the business venture. A promoter in business law is either a contractual organizer or a shareholder within the organization. The term "promoter" is not defined in the law.

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The amount of interest revenue that should be reported in the first year is $5000 if the Jasper company loaned the other company on November 1 at a 12% interest rate.

To determine the amount of interest revenue that should be reported in the first year, we first calculate the interest amount per year as follows;

Interest amount per year = 250,000 × 12% = 250,000 × 0.12 = $30,000

Now we calculate the interest amount per month as follows;

Interest amount per month = Interest amount per year / 12

Interest amount per month = 30,000 / 12

Interest amount per month = $2500

As the loan started on November 1, in the first year from November 1 to December 31, Jasper company has loaned another company for 2 months.

Therefore;

Interest amount per month × 2 = $5000

Hence, $5000 of interest revenue should be reported in the first year.

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An organization's negative events can be responded to by the public relations department using spin to control damage. Option A is correct.

The main function is to develop strategies and actions that help an organization to communicate with its stakeholders in a positive way, favoring the creation of relationships that can be converted into business.

Public relations professionals are able to favorably influence the opinions and perceptions of customers, suppliers and investors.

Therefore, the public relations department is also responsible for dealing with adverse situations, looking for ways to control and circumvent the situation so that the company maintains a positive and valuable image with its target audience.

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If Rental cost for offices spaces have been going up at 6. 2% per year compounded annually for the past 5 years. If office space rent is now at a rate of $32 per square foot per month, The rental rates 5 years ago is $23.69.

Using this formula

A =P( 1 + r/m) ^mt

Where:

A = Amount = $32

P = Principal = ?

n=5 years

rate r= 6.2 %=0.062

Let plug in the formula

32=p(1+0.062)^5

32=p(1.062)^5

P= 32/ (1.062)^5

P = 23.687

P = $23.69 per square foot (Approximately)

Therefore we can conclude that  the rental rate is the amount of  $23.69 per square foot .

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The collection and analysis of security events, as well as a wide range of other event and contextual data sources, are supported by security information and event management (SIEM) technologies.

The required details for security information and event management (SIEM)  in given paragraph

A subfield of computer security called security information and event management (SIEM) combines security information management (SIM) with security event management through software products and services (SEM). They offer in-the-moment analysis of security alarms produced by software and network hardware.

In addition to being used to log security data and produce reports for compliance needs, vendors sell SIEM as software, hardware, or managed services. In 2005, Mark Nicolett and Amrit Williams of Gartner came up with the name and initials SIEM.

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Demand is used to talk about the price and quantity of a single good or service produced in a specific market and GDP (Gross domestic product ) is used to describe the overall, or total, demand for all final goods and services produced in an economy.

Demand is the number of consumers who are willing and able to buy products at various prices during a given period. Demand for any commodity implies the consumers' desire to acquire the good, the willingness and ability to pay for it, and Gross domestic product (GDP) is the monetary value of all the goods and services that any country produces within a certain period minus, the goods and services are also used up in production.

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Answer: The equation used to solve this problem is 7x - 4 = 6.50 and the value of each paperback in the set is $1.5

What is an equation?

An equation is an expression that shows the relationship between two or more numbers and variables.

Let x represent the value of each paperback in the set. Hence:

7x - 4 = 6.50

x = $1.5

The equation used to solve this problem is 7x - 4 = 6.50 and the value of each paperback in the set is $1.5

Wallace received a 28 percent discount on an item which is priced at $275. The total price that he paid for it is $198 for item.

Given,

Wallace received a 28 percent discount on an item which is priced at $275.

Cost after the discount = price × (1 – discount percentage)

Price = $275

Discount percentage = 28%

As the percentage is written in the decimal form.

= 28 / 100

= 0.28

Here, we will subsititute the given values.

Cost after the discount = $275 × (1 – 0.28)

                                       = $275 × 0.72

                                       = $198

Hence, Wallace paid $198 for the item purchased.

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Danielle's total economic costs are the $10,000 in foregone rent and the $4 million cost of the mall.

Economic costs is the sum of the explicit cost and the implicit cost.

Explicit cost is the actual cost incurred in carrying out an activity. An example of an explicit cost is the cost of building the mall. Implicit cost is the cost of the next best option that is forgone when one option is chosen over other options. Explicit cost is also known as opportunity cost.

In accounting, only explicit cost is considered when calculating costs. Thus, Danielle's accountant would only report explicit cost which is the cost of building the mall. While in economics, both explicit cost and implicit cost are considered.

Economic cost = explicit cost + implicit cost

4 million + $10,000

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The north American industry classification system designates industries with a numerical code in a defined structure. a six-digit coding system is used. the first two digits designate an industry subsector

The industry refers to a more specific group of companies or businesses, while the term sector describes a large part of the economy. The terms industry and sector are often used interchangeably to describe groups of companies operating in the same segment of the economy or doing similar types of business.

In the three-sector model of economics, he divides the economy into three sectors of activity. A service industry that exists to facilitate the transportation, distribution, and sale of goods consumed by the extractives (primary), manufacturing (secondary), and secondary sectors. produced (tertiary).

An industry is a group of companies related to a primary activity, such as manufacturing automobiles or selling food. Smaller industries (such as automotive) can be grouped into larger industry sectors (such as manufacturing in general).

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The payments on an amortized loan do contain both interest and principal.

An amortized loan has payments that include both interest and principal. The computation of the payment for an amortized loan needs the adjustment of both the interest rate and the number of time periods in the annuity formula if a loan is to be repaid using more frequent than annual instalments.

Amortization is the process of paying off debt throughout the course of the loan in equal payments that include changing amounts of interest and principal. A predetermined table called an amortization schedule outlines how much of your monthly payment will be allocated to interest and principal over the course of the loan's whole duration.

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The purpose of closing entries is to close all temporary accounts and adjust the balances of real accounts such as owner’s capital. Like all of your trial balances, the post-closing balance of debits and credits must match.

In economics, capital items or capital are "the ones long-lasting produced items which might be in flip used as effective inputs for in addition production" of products and offerings. On the macroeconomic stage, "the kingdom's capital inventory includes homes, system, software program, and inventories during a given yr." a typical example is a machinery used in factories. Capital can be multiplied by using the elements of manufacturing, which excludes positive long-lasting goods like houses and personal cars that aren't used within the production of saleable items and offerings.

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It is true that ideally, one should integrate incident management systems with the information or systems used to manage service level agreements, such as target response and resolution times.

Incident management systems is designed to manage incidents and how to respond in case of emergency. Whenever an incident management system is designed for any organization, it is necessary that it is integrated with other systems.

This is due to the fact that incident management requires quick response and resolution.  If the incident management system is not integrated with other system, it won't be possible to report and response to the incident on time.

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Complete question is

Is it true about incident management system? Ideally, one should integrate incident management systems with the information or systems used to manage service level agreements, such as target response and resolution times

The segmentation approach used by Sven is needs-based segmentation strategy.

The best marketing of some product or services begins with a focus on segmentation. Different groups of customers have different needs and therefore the company or sales need to be targeted with a specific marketing plan. So that, segmentation is a vital component of any successful marketing strategy.

Segmentation can be approached in three main ways, there are firmographic, behavioral, and needs-based segmentation strategy.

Firmographic segmentation can be defined as a grouping customers by aspects such as age, gender, company size, industry vertical, income and location.

Behavioral segmentation can be defined as a strategy that takes things up a notch, identifying how customers act and grouping them this way.

Thirdly, a needs-based approach can be defined as the best and most effective way of segmenting customers that identify specific customer needs, allowing products and services, and also marketing communications.

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The sales dollars needed to earn the target profit total is $1,800,000.

This is further explained below.

Generally, Profit is the financial advantage achieved when revenue produced from a commercial activity is greater than the expenditures, costs, and taxes involved in maintaining the activity in question.

Profit may be defined as the difference between revenue and expenses, costs and taxes.

Accounting profit, also known as bookkeeping profit or financial profit, is the net income produced after deducting all dollar expenses from total revenue. Other names for accounting profit are financial profit and bookkeeping profit.

In conclusion,

[tex]=\frac{(975,000 + 195,000)}{0 .65}[/tex]

= 1,800,000

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The classification of the budgeted costs into their activity cost pools is as follows:

Engineering design $140,000

Engineering prototypes $60,000

Insurance, plant $110,000

Depreciation, machinery $520,000

Oil, heating $19,000

Depreciation, plant $210,000

Machine setup, indirect materials $$4,000

Machine setup, indirect labor $20,000

Inspections $16,000

Tests $4,000

Electricity, plant lighting $21,000

Property taxes $29,000

Electricity, machinery $36,000

Machine maintenance wages $19,000

Activity cost pools are the major classifications of production activity costs into their cost drivers to make it easier to estimate costs according to the activity that consumed them.

The use of activity cost pools enables activity-based costing to be implemented.

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Machine setup, indirect materials $$4,000

Inspections $16,000

Tests $4,000

Insurance, plant $110,000

Engineering design $140,000

Depreciation, machinery $520,000

Machine setup, indirect labor $20,000

Property taxes $29,000

Oil, heating $19,000

Electricity, plant lighting $21,000

Engineering prototypes $60,000

Depreciation, plant $210,000

Electricity, machinery $36,000

Machine maintenance wages $19,000

Classify the above costs of Santana Corporation into activity cost pools using the following: engineering, machinery, machine setup, quality control, factory utilities, and maintenance.

The greatest deposit outflow that a bank may withstand without changing its balance sheet is $25,000 if it has $100,000 in checkable deposits, a required reserve ratio of 20%, and $40,000 in reserves.

Money kept in a bank is referred to in the financial lexicon as a deposit. A deposit is a transaction in which money is transferred to a different party for safekeeping. Yet another definition of a deposit is a sum of money used as security or collateral for the delivery of a good. Your money is protected when you put it in a bank. The bank guarantees to reimburse you for this money as soon as you request it. An organization's assets, liabilities, and owner equity are listed on a balance sheet as of any given date. A balance sheet is usually created at the conclusion of predetermined periods (e.g., every quarter; annually). Two columns make up a balance sheet. The company's assets are listed in the left-hand column.

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