Answer:
Good luck with the promotion, here are some ideas for the company!
Prepare journal entries,On 25 September, you pay payroll for all employees, out of the company's bank account. Total gross salary was 5,750,000 and PAYE was 2,000,000. The salary is paid to the employees out of your company's bank account but PAYE payments will be made to the authorities in October.
Answer:
On 25 September, we have:
Debit Salary expenses for $5,750,000; Credit Bank for $3,750,000; and Credit PAYE payable for $2,000,000.
Explanation:
On 25 September, the journal entries will look as follows:
Date Account Title Dr ($) Cr ($)
Sep. 25 Salary expenses 5,750,000
Bank (w.1) 3,750,000
PAYE payable 2,000,000
(To record total gross salary.)
Note that when the PAYE is eventually paid to the authorities in October, let say on October 5, the journal entries will look as follows:
Date Account Title Dr ($) Cr ($)
Oct. 05 PAYE payable 2,000,000
Bank 2,000,000
(To record PAYE paid to the authorities.)
Workings:
w.1: Bank = Total gross salary - PAYE = $5,750,000 - $2,000,000 = $3,750,000
Tim is the accountant of a trading firm. Two years ago, the company bought a commercial van that had a value of $10,000. The van’s current market price is $8,500. However, Tim continues to value it at the original cost. Which principle guides his action?
Answer:
B. historical cost
Explanation:
According to the historical cost principle, the assets should be valued at purchased cost whether the market value is more or less
Since in the question, it is mentioned that the Tim continues the commercial van value at the purchased cost only even the market price is available
So this represents the historical cost principle
Hence, the correct option is b,
People need to have ____ in the economy to spend money.
A) less disposable income
B) confidence
C) purchasing power
Answer:
B) confidence
Explanation:
Consumer confidence represents the level of optimism that consumers have on the general state of the economy. Consumer confidence is an expression of sentiments that the population has on the economic prospects in the country. The consumer confidence indicator is the metric used to measure consumer confidence.
High consumer confidence indicates that consumers are very optimistic about the prospects of the economy. When confidence is high, consumers tend to spend and invest more. With low confidence, consumers save more.
explain the difference between a peer to peer LAN server-based LAN
Answer:
In Client-Server Network, Centralized server is used to store the data. While in Peer-to-Peer Network, Each peer has its own data. ... In Client-Server Network, Server respond the services which is request by Client. While in Peer-to-Peer Network, Each and every node can do both request and respond for the services.
Employee benefits
(A) can be worth a great deal of money.
(B) include the salary that an employee is paid.
(C) should never be considered when trying to decide whether to accept a job.
(D) all of these
Answer:
(D) all of these
Explanation:
Employers offer attractive benefits to attract and retain the best talents in the industry. Employee benefits are offered over and above wages and salaries. They are also called fringe benefits or perks and include Medical insurance coverage, bonuses, overtime, and retirement benefits.
Employees are encouraged to compare the different benefits that employers offer before accepting a Job. Benefits are not standardized and may be costly to employers. Employees should analyze them carefully to select the employer providing the best.
Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.
Answer:
The net present value (NPV) of the decision to grant credit is $2,938,157.89.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.
Calculate the NPV of the decision to grant credit.
The explanation of the answer is now given as follows:
Number of new orders = 125 units
Percentage of repeat order = 30%
Number of order that will be repeated forever = Number of new orders * Percentage of repeat order = 125 * 30% = 37.50 units
Credit price per unit = $11,100
Variable cost per unit = $9,700
Contribution margin per unit = Credit price per unit - Variable cost per unit = $11,100 - $9,700 = $1,400
Total contribution for all new order = Number of new orders * Contribution margin per unit = 125 * $1,400 = $175,000
Total contribution margin for order that will be repeated forever = Contribution margin per unit * Number of order that will be repeated forever = $1,400 * 37.50 = $52,500
Net present value (NPV) of total contribution margin for order that will be repeated forever = Total contribution margin for repeated order forever / Required return = $52,500 / 1.9% = 2,763,157.89
Net present value (NPV) of the decision to grant credit = Total contribution for all new order + NPV of total contribution margin for order that will be repeated forever = $175,000 + 2,763,157.89 = $2,938,157.89
Therefore, the net present value (NPV) of the decision to grant credit is $2,938,157.89.
Select two answers
Marcus is applying for a job as a guidance counselor at a high school. Which two details should he include in his résumé?
A. his ethnicity
B. his counselor certification
C. his country of origin
D. his years of teaching experience
E. his age
How do insurance companys make money?
Can somebody help me figure out what he means by this assignment. Don't actually do it but like explain it to me
Answer:
It seems like u have to see what companies did to help out like did they raise how much the get paid in hour I hope this helps.
Explanation:
The NASAA Statement of Policy on Dishonest or Unethical Business Practices of Broker-Dealers and Agents includes prohibitions against certain practices designed to manipulate market prices of securities. An activity that would fall within the spectrum of the prohibitions would be A) front running B) wash trades C) guaranteeing customers against loss D) churning customer accounts
Answer:
B) wash trades
Explanation:
In the case when the wash trades are performed so it consists the simultaneous or near-simultaneous i.e. selling and the repurchase of the similar security for the motive of producing the trading activity due to which price rise. This is the form of how the market manipulates. The other options i.e. given in the question is not considered the market manipulation
Therefore the option B is correct
I need help I don’t have much time
Answer:
___the answer is true___
And here's an additional answer to guide you.
There are nine major steps required to develop a well-crafted, strategic marketing plan: set your marketing goals, conduct a marketing audit, conduct market research, analyze the research, identify your target audience, determine a budget, develop specific marketing strategies, develop an implementation schedule for ...
Select the correct answer.
Which legislation is the most recent piece of consumer protection legislation?
Consumer Bill of Rights
Fair Credit Reporting Act
Dodd-Frank Wall Street Reform and Consumer Protection Act
Credit CARD Act
Answer:
Consumer Bill of Rights
Explanation:
What is one major difference between income tax and sales tax?
A. Income tax is based on taxable income, while sales tax is based
on gross income.
B. Income tax is regressive, while sales tax is progressive.
C. Income tax is based on gross income, while sales tax is based on
taxable income.
D. Income tax is progressive, while sales tax is regressive.
Answer:
D. Income tax is progressive, while sales tax is regressive.
Explanation:
In a progressive tax system, the percentage of tax imposed increases as the taxable income rises. For income tax, progressive tax means an individual with a low income will be taxed using a lower rate compared to high earners. Progressive tax categorizes incomes into different income brackets depending on the level of income. The tax rate increases as one move from a low-income bracket to a higher one.
A regressive tax system charges a constant rate for everyone. Sales tax is a good example of a regressive tax. The tax on basic items, low-priced items, is at the same rate as expensive or high-end items. It means that low-income earners are taxed the same rate as high-income earners for all items purchased.
"Who is responsible for filing a U-5 Form with IARD when an investment adviser representative is terminated and associates with another advisory firm?"
Answer: The investment adviser that is the former employer is responsible
Explanation:
U-5 is a security industry termination form filled by the employer that terminates an individuals employment.
When the individual relates with another advisory firm, the new employer now reactivates the individuals registration by filling a U-4 with IARD. The employee is not really notified when both forms are filled
Betty made a 20% profit on a residential lot she sold for $30,000. What did she pay for the property
Answer: $25000
Explanation:
From the question, we are informed that Betty made a 20% profit on a residential lot she sold for $30,000. Let the cost price of the property be represented by x.
Therefore, (100% + 20%) of x = $30000. This means that 120% of x = $30000.
120% × x = $30000
1.2x = $30000
x = $30000/1.2
x = $25000
Therefore, the amount paid for the property is $25000
What should you expect to get from your insurance company in exchange for your premium?
Answer:
see below
Explanation:
Premiums are the regular payments the insured pays to the insurance company for insurance coverage. By paying premiums, the insurance company agrees to compensate the insured for any financial loss resulting from the risk covered by the insurance contract.
Premiums are the cost of insurance. The customer pays premiums while the insurances undertake the risk stated in the policy documents. Should the customer suffer damages, injuries, or financial loss, the insurance companies compensate the customer as per the terms stated in the insurance contract.
following info were supplied to you
a Cheque deposited in total of 10000
only to the extent of 4000.
required:bank bank reconciliation statement
Please help
Answer:
sorry I can't ans kygsstfzlfzlsrztlukyzkly
How can interest rate fluctuations impact a nation's economy?
Higher interest rates tend to attract foreign investors.
Lower interest rates limit credit availability for residents of a country.
Higher interest rates trigger intervention from the WTO and IMF.
Lower interest rates raise the value of a country's currency.
Answer:
A. Higher interest rates tend to attract foreign visitors.
Explanation:
I just took the test.
Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan.
1. He will fill out the FAFSA form and send it in immediately.
2. He will ask his parents if they have a college savings account.
3. When he gets to high school, he will start trying harder in school so he can qualify for academic scholarships.
4. During his last year of high school, he will get involved in sports and clubs he enjoys to qualify for scholarships.
5. Upon graduation, he will start saving money for college.
Which statements identify errors in Jaiden’s plan? Check all that apply.
Answer:
-He should wait until his last year in high school to fill out the FAFSA.
-He should start saving right away. It is never too early to start a savings account.
-He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.
-He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.
Explanation:
Are Age, sex and race are the only characteristics in the protected class?
Answer:
Under federal law, employers cannot discriminate on the basis of race, color, national origin, religion, sex, age, or disability. The law is not, however, a blanket bar on employers taking into account a person's membership in one of these groups in all circumstances
Explanation:
can i get brainlist
How long would it take to double your money in an account that paid 6% per year
Answer:
depending on how much you put in there to start with but 5 to 10 years
After reading about primary and support activities in a firm's value chain, discuss how managers can create value by establishing important relationships among the value-chain activities both within their firm and between the firm and its customers and suppliers.
Answer and Explanation:
It is very significant for the managers to develop an important relationship in the value chain activities as it develop a positive impact on the company also it improves the employees morale.
The better the communication is, the better is the quality of the goods at the lowest cost
In the case of the inbound logistics and the suppliers, it would lead to decrease in the cost of inventory and at the same time it improve the quality of the products
Also when the customers have interacted with the manufacturing company so it would build trust and in return the company wants the loyal customers that ultimately increased the goodwill of the company
A dealer in U.S. government securities quotes a 5-year Treasury note at 89.12-89.16. In dollars, that represents a spread of
Answer:
0.00125
Explanation:
In order to determine the spread of the dealer's quote, there is a need to undertstand that the first price quoted is known as bid price, which is the price the dealer is willing to purchase the securities while the second one is the ask price, the dealer's selling price.
From a conventional point of view(norm), the spread is the ask minus the bid price divided by 32 as shown thus:
spread=(89.16-89.12)/32=0.00125
NEED ASAP
What are the steps for properly carrying an item
Answer:
Do not twist or turn the body; instead, move your feet to turn. Your hips, shoulders, toes, and knees should stay facing the same direction. Keep the load as close to your body as possible with your elbows close to your sides. If you feel fatigued, set the load down and rest for a few minutes.
Explanation:
Explain how labor costs affect where multinational corporations choose to make their products.
Answer:
see below
Explanation:
Multinationals are large corporations that operate in multiple countries. They have their headquarter in their home country and at least one branch in a different country. Multinationals are motivated to operate in different countries because capital is relatively mobile compared to cheaper labor and materials.
Labor constitutes a huge percentage of the company's expenses. A high wage bill may cripple the growth of a business. To avoid huge wage bills, companies expand to countries with relatively cheaper labor. A business can operate profitably by manufacturing in a country with lower labor costs.
Multinationals are known to shift operations between countries. If labor conditions are not favorable in one country, they can move to other countries with better and lower labor costs.
The U.S. encourages domestic companies to export because _____________.
A.
It increases inflation.
B.
It increases the number of U.S. consumers who buy domestic products.
C.
It increases the value of a U.S. dollar.
D.
It improves the interest rate.
Please select the best answer from the choices provided
A
B
C
D
Answer: C; Ot increases the value of a U.S dollar.
Explanation: Just did the quiz
Answer:
c
Explanation:
jus did the quiz edg 2020
Which of the following three situations is least likely to occur at the same time as the other two situations? Why?
1) Real GDP is less than potential GDP.
2) An economy in a strong, 5-year expansion.
3) An unemployment rate above the natural rate of unemployment.
Answer: I'm going to take a guess and say 1 and 3.
Explanation: Just taking a guess.
Question 8
How much money will you need for retirement? Which answer is the most
correct answer?
My social security plus what I have put in a regular savings account will do
ОА.
it
OB. A good guidelines is 80% of your working income.
Three years income and the 25% I may receive from my company's
Oc.
pension plan
OD Enough money to last 20 year
Answer:
subject??
Explanation:
what do you mean by pricing. In what situation price is reduced
Answer:
Explanation
Meaning that as they lower their prices, the cost per unit is lowered and therefore their profits remain the same. If the business is breaking into a new market, starting off with a very low market share, and have the financial backing and resources to offer a lower price than competitors.
With your bill paid off and starting back at $0, the latest video game comes out and costs $60. You put it on your credit card and can’t afford to pay the whole bill all at once, so you make the minimum payment each month.
How much is that minimum payment?
Answer: 5 dollars per year