The marginal benefit and marginal cost are two measures of how the cost or value of a thing changes. The marginal benefit affects the consumer, but the marginal cost affects the producer. Businesses must consider both factors when creating, pricing, and advertising a product.
The marginal benefit is the maximum amount of money a consumer is willing to spend for an additional item or service. As spending increases, so does consumer satisfaction. The marginal cost is the difference in cost that happens when an additional unit of an item or service is produced.
To learn more about Marginal costs, click
https://brainly.com/question/28932883
#SPJ4
3.Marketers at Dare to Dream designs use the ______ method since the communication budget is a fixed percentage of forecasted sales.
That's because the marketing budget is a set percentage of anticipated sales, marketers from Dare to Dream Designs employ the percentage-of-sales strategy.
What is a budget?A budget is a strategy you create to determine how much money you will spend each month. You can ensure you have enough money each month by using a budget. Without the need for a budget, you can run out of funds before the next pay period. A budget reveals your income.
Why is budgeting essential?By controlling your expenditures, you may plan for both immediate and future needs. It's a simple, practical approach for folks with all kinds of costs and income to keep their money in order.
To know more about budget visit:
https://brainly.com/question/15683430
#SPJ4
What are the 5 components of environment?
The 5 components are Atmosphere, Hydrosphere Lithosphere Biosphere and Anthroposphere
1. Atmosphere: The atmosphere is the layer of gases that surrounds the Earth, composed of nitrogen, oxygen, and other gases that help to regulate the temperature of the planet.
2. Hydrosphere: The hydrosphere is the layer of water that covers the Earth, including the Earth’s oceans, lakes, rivers, and groundwater.
3. Lithosphere: The lithosphere is the solid outer layer of the Earth, composed of rocks and soil.
4. Biosphere: The biosphere is the layer of living organisms that inhabit the Earth, including plants, animals, fungi, and bacteria.
5. Anthroposphere: The anthroposphere is the layer of human-made structures and activities that have an impact on the environment, such as cities, buildings, transportation systems, and industrial processes.
To know more about environment here
https://brainly.com/question/19541255
#SPJ4
What is the most likely reason Persia gave economic control to Russia and Britain it felt it had no choice because Russia and Britain were so powerful?
Yes, this is the most likely reason. Persia had little choice but to accept the economic control of Russia and Britain due to their overwhelming power. Persia was unable to resist their demands and had to accept whatever terms were put forward.
What is economic control?Economic control is the process of managing and influencing the behavior of businesses and individuals in a way that maximizes economic efficiency and outcomes. It involves making decisions that affect production, distribution, pricing, and other aspects of the economy. It is a form of regulation used by governments and other organizations, such as the World Bank, to influence how economic resources are used and distributed. Economic control can be used to promote economic growth, reduce poverty, and ensure a fair distribution of resources. It also ensures that economic resources are used efficiently and that environmental and social costs are taken into account. Economic control is an important tool in ensuring economic stability and a healthy economy.
To learn more about economic control
https://brainly.com/question/14508938
#SPJ4
19) Which statement BEST describes how Georgia's waterway systems serve as social transportation systems
Georgia's waterway systems, which include ports and rivers, serve as social transportation systems by constructing national infrastructure that supports domestic and international trade, business, and leisure. In recognition of this critical purpose, the federal government has assumed responsibility for the creation, maintenance, and secure operation of shipping channels.
How have the nation's mountain and river systems influenced the development of the United States?
The United States' waterways and mountains, like the rest of the world, have had a significant impact on where people settled and how towns and cities interacted with one another. Because of the relative isolation and shared geography created by mountain ranges, large mountain ranges served as natural barriers between groups, resulting in the development of distinct regional shared cultures. Rivers, on the other hand, linked communities through ease of travel, trade, and shared access to water and other natural resources.
To know more about Waterways visit:
https://brainly.com/question/28524420
#SPJ4
Suppose that an economy experienced a natural disaster that declined its nominal GDP by 5%. Meanwhile, inflation was 5%. What is the real GDP growth rate for this period
Let's say a natural calamity caused a 5% reduction in a country's nominal GDP. In the interim, inflation was 5%. For this time period, the real GDP growth rate was -10%.
How do you calculate the nominal GDP growth rate?By multiplying the quantity output for the current year by the market price, nominal GDP is calculated. The nominal GDP in the preceding example is $1000 in Year 1 (100 x $10), and it is $2250 in Year 5 (150 x $15).
How do you determine the pace of economic growth?The difference between the most recent year's real GDP and the year before can be used to compute real GDP. Next, multiply this difference by the real GDP of the previous year.
Quantity Change = Nominal Change + Price Change = %. Real GDP growth rate (% change in quantity) hence equals nominal GDP growth rate (% change in quantity) = -5% -5% =-10%.
To know more about Real GDP visit :-
brainly.com/question/15682765
#SPJ4
you are the manager of the marketing department of a large firm. your department was given 3 new computers.
Managing the computer network for a big department store is the position best suited for someone with a major in information technology.
computer technology:
A system and network that employs the hardware, software, services, and auxiliary infrastructure of a computer to manage and distribute information utilising speech, data, and video is referred to as an information technology system, and this definition encompasses a wide range of systems and networks.
Therefore, a profession in information technology may demand extensive use of computers and networks across a broad spectrum of users. Software developers manage databases, hardware engineers create the hardware for the onboard computer of a military aircraft, etc.
Therefore, managing the computer network for a large department store is the position that would be best suitable for someone with a degree in information technology.
For such more question on computers.
https://brainly.com/question/28498043
#SPJ4
Note: The correct question would be as follow,
Which of these jobs would be most appropriate for someone who majors in information technology? managing a database for a large department store developing 3 new computing technology that will someday improve network speeds managing the computer network for a large department store designing the hardware for a military helicopter's on-board computer.
What are the three most important types of insurance?
The three most important types of insurance are: term life insurance, whole life insurance, and universal life insurance.
There are several types of life insurances, but among them, there are three most important types.
Term life insurance: This insurance covers you for a specific number of years. If you die before the term is over, it pays a predetermined sum to your specified beneficiary. Term policies are the most basic and easily available type of life insurance coverage.Whole life insurance: This type of insurance differs from term insurance in that it never expires. It is an investment-like, tax-deferred savings account with a death benefit and a cash value. Every month, a percentage of your premium is deposited into your saved cash worth. As a result, the more you invest each month, the faster it will increase.Universal life insurance: It is a popular type of permanent life insurance. It comes with cash value and allows you to select your own premiums. So, if you don't spend as much on premiums, some money will come from your policy's cash worth. This insurance is intended for persons who want to develop a nest egg without incurring increased income or permanent need.Learn more about life insurance here:
https://brainly.com/question/28873446
#SPJ4
To make your business messages more readable, you can do which of the following?
O Add footnotes.
O Incorporate numbered and bulleted lists.
O Include a bibliography at the end.
O Eliminate white space.
You can Incorporate numbered and bulleted lists to make your business messages more readable.
In business writing, lists with bullets and numbers make the list items easier for readers to perceive and comprehend. List items that are inserted into paragraphs become muddled in a tangle of words. However, text that does not have a recognized group of elements is easier to understand when it is written in paragraphs as opposed to lists with bullets or numbers. This explanation includes advice that will assist you in determining whether to break up business writing into paragraphs and when to use bulleted or numbered lists. Observe these three actions: In your business writing, give each section a title that contains a term or phrase that best describes each item on the list. Determine whether the section calls for any specific references to the key word or key phrase. Avoid using a numbered or bulleted list for the section if the section's key word or phrase does not call for elements. Put the text in paragraph form.
To learn more about business click here
brainly.com/question/15826604
#SPJ4
Which of the following is most likely to contribute to email chains? A. Including a subject line in the message B. Including attachments in the email C. Providing contact details in the subject line of the message D. Using the "reply to all feature E. Using a signature block in the message
The function most likely to contribute to email chains is 'reply to all features' option d is correct.
An email thread is the "chain" made up of the original message, any replies, and any messages that have been forwarded. Tools for email threading collect related messages for easy perusal. For instance, say you send an email invitation to a friend to lunch.
By using the reply all feature, you can send an email with your response to everyone who got the original email as well as the sender of the prior message. Your email is sent to the contacts listed in the "To" and "Cc" fields of the previous messages.
To learn more about email chains
https://brainly.com/question/11941944
#SPJ4
What impact did the US mobilization of war have on the US economy?
The US mobilization for World War II led to a dramatic increase in government spending, which stimulated economic growth and helped to end the Great Depression.
How did World War II lead to US mobilization?The war effort led to full employment, as millions of men and women were recruited or drafted into the military and many more were hired to work in factories producing war materials.The US mobilization also led to the expansion of many industries, such as steel, shipbuilding, and aircraft manufacturing.Additionally, the war led to significant changes in the US economy, as many women and minorities entered the workforce for the first time. Overall, the US mobilization for World War II had a major impact on the US economy, transforming it from one that was struggling to one that was booming.To learn more about the US economy from the given link
https://brainly.com/question/4947820
#SPJ4
Greg and Casie are married and will file a joint return. For 2020, their modified adjusted gross income is $80,000. Their dependent daughter, Katelyn (21), is in her third year at State University. Greg and Casie are not students, and they have no other dependents. They paid $6,300 for Katelyn's tuition during the year. What is the maximum American Opportunity Tax Credit (AOTC) they may be eligible to receive
Greg and Casie paid $6,300 for Katelyn's tuition during the year. The maximum American Opportunity Tax Credit (AOTC) they may be eligible to receive is $2,500.
The American Opportunity Tax Credit is a partially refundable tax credit that was originally introduced in Section 1004 of the American Recovery and Reinvestment Act of 2009. President Barack Obama originally suggested a $4000 credit in exchange for 100 hours of community service to help students and families pay for post-secondary education.
The credit's stated purpose was to "pay two-thirds of the cost of tuition at the average public institution or university and make community college tuition fully free for the vast majority of students." Congressman Chaka Fattah proposed H.R.106, The American Opportunity Tax Credit Act of 2009, on January 6, 2009.
To know more about American Opportunity Tax Credit here-
https://brainly.com/question/13845196
#SPJ4
Macy's, as described in the case, is what type of retailer? a. category specialist b. full-line discount store c. general merchandise retailer d. specialty store e. extreme value retailer
Macy's, as described in the case is general merchandise retailer type of retailer.so correct option is c.
What does retailer mean?A retailer offers goods and services to the general public directly, either in-person, online, or through a mix of the two. Retailers buy products from producers and wholesalers and resale them to clients for a profit. We can specifically name certain enormous retailers like Wal-Mart, Best Buy, and Target. These are well-known, well-known names. However, even the smallest kiosks at your neighborhood mall are used for retail. Online merchants like Amazon, Netflix, and eBay are prime examples.
To know more about retailer visit:
https://brainly.com/question/29509602
#SPJ4
TO Security
Question 2 of 15
An international pharmaceutical company is fully compliant with local and
international regulations. However, they suffered a major data breach that
exploited a six-month-old vulnerability. The CIO asked Accenture "How this can
be possible?" How should Accenture respond?
Because the local and international compliance laws conflict.
Because the Security Operations team does not handle compliance issues.
Because compliance to local and international laws does not necessarily enforce security,
Because the security policy documentation was not kept up to date.
I don't know this yet.
Submit answer
Due to the fact that adherence to national and international laws does not always ensure security.
Security is the ability to tolerate potential damage from others by limiting their alternatives. Individuals, social groups, things, organizations, ecosystems, and any other phenomenon or entity that is susceptible to unwelcome change can all benefit from security. Spanish volunteers helped migrants fleeing conflict and instability in Syria and Iraq get to Lesbos Island in 2015. In addition to protecting against hostile forces, security can also mean a number of other things, such as the absence of harm, the presence of a necessary good, resistance to potential harm or injury, hiding, containment, and even a state of mind. The phrase is sometimes used to describe things like activities and buildings.
Learn more about Security from
brainly.com/question/25720881
#SPJ4
Why does free enterprise create a greater variety of products than a command economy?
Free enterprise creates a greater variety of products than a command economy because it allows companies to respond directly to consumer demand.
Why does a market economy produce a wider range of goods than a market economy?Free enterprise creates a greater variety of products than a command economy because it allows companies to respond directly to consumer demand.Companies in a free enterprise system are incentivized to create products that meet consumer needs and wants, creating competition and innovation that drive product variety.In a command economy, the government controls what is produced and does not respond directly to consumer demand, so there is less of an incentive for companies to introduce new products.In a command economy, the government controls the production and distribution of goods and services, and often sets prices and production levels.This limits the number of products that are available and does not allow for competitive forces to drive innovation.The government also has less incentive to produce products that meet consumer demands, so the variety of products available is often limited.To learn more about Free enterprise refer to:
https://brainly.com/question/20782413
#SPJ4
1. If you know that Diane holds the highlighted position in the organizational chart shown here, she is probably a ____ (first-line, top, administrative, middle) manager. A job title associated with that level of management is ________ (plant manager, staff accountant, chief executive officer, coordinator)
2. [CHECK ALL THAT APPLY]
Which of the following activities is most likely part of a typical workday for Diane?
A) Teaching a new employee how to use the company’s workflow management system
B) Reviewing departmental performance to determine whether managers are meeting their goals
C). Assisting customers with general questions about the company’s products
D). Monitoring long-term business trends that may have an impact on the organization
PLS HELPPPPPPPPPPPPP
1) If you know that Diane holds the highlighted position in the organizational chart shown here, she is probably a middle manager. A job title associated with that level of management is plant manager.
2) The activities that is most likely part of a typical workday for Diane is "Teaching a new employee how to use the company’s workflow management system" (Option A)
What is an Organizational Chart?An organizational chart, also known as an organigram, organogram, or organizational breakdown structure, is a diagram that depicts an organization's structure as well as the relationships and relative rankings of its parts and positions/jobs.
Org charts illustrate the structure of an organization and may clearly highlight seniority and lines of authority that should be followed. It can also indicate which roles are in charge of specific duties, divisions, departments, or areas. This can help to eliminate uncertainty and increase communication.
Note that Middle management is the intermediate management level of a hierarchical organization that reports to executive management and is responsible for 'team leading' and/or'specialist' line managers.
Learn more about Middle Management:
https://brainly.com/question/20661176
#SPJ1
If a borrower had an interest rate of 5 1/4 percent and refinanced, lowering the interest rate by 3/8 percent, what is the amount of interest after refinancing
D) The interest rate that remained after the refinancing was 4 7/8 percent.
What is the current interest rate?Trends in current national 30-year mortgage rates On January 12, 2023, the average rate for a 30-year fixed mortgage is 6.46 percent, which is a 6 basis point decrease from this time last week. The average 30-year refinance rate for homeowners looking to refinance is 6.50 percent, down 11 basis points in the past week.
What is an example of an interest rate?For instance, if you borrow $100 at a rate of 5%, you will have to repay the lender $105 in full. The lender will turn a profit of $5. Throughout your life, you may develop a variety of interests. The true amount you owe will be determined by the interest rate on each loan.
By borrowing, 5 1/4 = 5 2/8 = 42/8 42/8 - 3/8 = 39/8 = 4 7/8 8/8 comes from 5.
5 2/8 - 3/8 = 4 10/8 - 3/8 = 4 7/8.
To learn more about interest rate here:
https://brainly.com/question/13324776
#SPJ4
Full Question = If a borrower had an interest rate of 5 1/4 percent and refinanced, lowering the interest rate by 3/8 percent, what is the amount of interest after refinancing?
A) 4 ½ percent
B) 5 percent
C) 4 ¾ percent
D) 4 7/8 percent
What can you do with a 800 credit score?
A credit score of 800 or higher demonstrates to lenders that you are a superb borrower. With a high credit score, you can be eligible for better mortgage and vehicle loan rates.
What makes it possible?
Because credit scoring techniques do not support it, a credit score of 1,000 is not feasible. According to Experian, some credit scoring techniques can produce scores as high as 900 or 950, however these are institution-specific ratings that are only applied in that sector.To be eligible for a $1,000 personal loan, you probably need a credit score of at least 580. If a borrower has sufficient income to cover the loan's monthly payments, the majority of lenders who offer personal loans of $1,000 or more accept them, even if their credit is poor or better.Generally speaking, you need a credit score of at least 620 to be qualified for a loan to buy a property. Most lenders require that low of a credit score.To know more about credit score here
brainly.com/question/2609368
#SPJ4
How does change affect employees in the workplace?
More than twice as many workers who had recently undergone a change as those who had neither recent nor expected change on the horizon reported having chronic stress.
What do workers do?An employee is a person hired by an employer to do a certain task. In exchange, employees have benefits that contractors do not.
An employee is a person who performs certain tasks for a business in exchange for regular compensation.
A salary and benefit packages, such as vacation time and overtime pay, are frequently agreed upon by both employees and employers.
In contrast to independent contractors, employers take on the financial risk of the enterprise in exchange for more control over the employee's job.
To know more about Employees, visit:
https://brainly.com/question/27005523
#SPJ4
When an owner uses resources they own in a business, that usage should be considered a. a direct cost b. an implicit cost c. not counted in economic profit calculations d. an explicit cost
an owner uses resources they own in a business, that usage should be considered an implicit cost.
What does implicit capital cost mean?Any cost that has already been incurred but hasn't been expressly stated or isn't being reported as a distinct expense is an implicit cost. It captures the opportunity value that arises when a company spends internal capital for a project without receiving a specific payment for resource utilization. Implicit costs include things like the decline in interest earnings on investments and the depreciation of equipment for capital projects. Intangible expenses are those that are difficult to quantify, such as the time that an owner devotes to the upkeep of a business rather than using it for other purposes.
To know more about implicit cost visit:
https://brainly.com/question/29830384
#SPJ4
Proper risk-return management means that Multiple Choice the firm should take as few risks as possible. the firm must determine an appropriate trade-off between risk and return. the firm should earn the highest return possible. the firm should value future profits more highly than current profits.
Proper risk-return management means that the firm must determine an appropriate trade-off between risk and return. Hence option (b) will be considered as correct.
Give a brief account on risk-return tradeoff.According to the risk-return tradeoff, the potential reward increases as the risk does. By applying this theory, people believe that low levels of uncertainty or risk will result in low potential rewards, whereas high levels of uncertainty or risk will result in high potential returns. The risk-return tradeoff states that an investor may only get better returns on their investment by being willing to accept a higher likelihood of losses.
The trading theory known as the risk-return tradeoff connects high risk and high profit. Several variables, including as an investor's risk tolerance, the number of years till retirement, and the ability to replace lost funds, affect the proper risk-return trade-off. The right portfolio with the right levels of risk and reward requires careful consideration of time as well. For instance, if an investor can invest in equities for a long period of time, they have the opportunity to recover from bear market dangers and take part in bull markets, however if they can only invest for a short period of time, the same shares have a higher risk.
To know more about, risk-return tradeoff, visit :
https://brainly.com/question/20558342
#SPJ4
Refer to Table 14-12. At what quantity does Bill maximize profits?
a. 3
b. 6
c. 7
d. 8
In order to maximize profit, the company should produce where its marginal income and marginal value are equal.
The firm's marginal value of manufacturing is $20 for every unit. When the association produces four units, its marginal revenue is $20. Thus, the company ought to produce four units of output.
How can producers maximize their profit?Answer and Explanation: Producers can maximize their earnings by means of ensuring that their incremental or marginal profit increases.
The marginal income is ascertained with the aid of deducting the marginal fee from the marginal revenue and hence, it can be improved with the aid of growing the marginal income and decreasing the marginal costs.
What is the firm's profit-maximizing volume of output?A competitive firm uses the following manufacturing rule to maximize profits: the firm's profit- maximizing output level is the place its marginal value (MC) just equals the product rate and where marginal fee is increasing; that is, the MC curve is sloping upward.
Learn more about maximize profits here:
https://brainly.com/question/13464288
#SPJ4
A man divided $9,000 among his wife, son, and daughter. The wife received twice as much as the daughter, and the son received $1,000 more than the daughter. How much did each receive
The wife received $4000, the daughter received $2000 and the son received $3000
A man gave his wife, son, and daughter a total of $9,000.
Now that we know, we can see that the son received $1,000 more than the daughter, and the wife received twice as much as the daughter.
We might therefore presume that,
The amount wife received = x
The amount daughter received = x / 2
The amount son received = 1000 + (x / 2)
The equation which can be formulated from the above situation is:
x + (x / 2) + (x / 2) + 1000 = 9000
2x + 1000 = 9000
2x = 9000 - 1000
2x = 8000
∴ x = 4000
On solving the equation now we know that:
Wife = x = $4000
Daughter = x / 2 = 4000 / 2 = $2000
Son = 1000 + (x / 2) = 1000 + 2000 = $3000
To know more about an equation, refer to this link:
https://brainly.com/question/29657983
#SPJ4
You are provided with the following information for Koetteritz Inc. for the month ended June 30, 2020. Koetteritz uses the periodic method for inventory. Date Description Quantity Unit Cost or Selling Price June 1 Beginning inventory 40 $40 June 4 Purchase 135 43 June 10 Sale 110 70 June 11 Sale return 15 70 June 18 Purchase 55 46 June 18 Purchase return 10 46 June 25 Sale 65 76 June 28 Purchase 35 50 Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.)
cost of goods sold Available for Sale
Date Description Quantity unit cost Amount
June 01 Beginning inventory 40 40 1600
June 04 Purchase 135 43 5805
June 18 Purchase 55 46 2530
June 18 Purchase return 10 46 460
June 20 Purchase 35 50 1750
Total 255 11225
weighted average cost per unit = [tex]\frac{Cost of goods Available for sale}{Units Available for sale}[/tex] = [tex]\frac{11225}{255} = 44.02[/tex]
Commercial enterprise facts are statistics that hold which means, value, or significance for your business. it'd consist of any reports, spreadsheets, metrics, regulatory reporting, web pages, files, dashboards, and so on that suit the definition of having which means, fee, or importance in your enterprise. Data is a group of records, and at the same time as facts place those records into context. whilst records are raw and unorganized, records are prepared.
The information enables heading off the duplication of research. facts stimulate the concept method of the users, specifically the scholars. the information allows scientists, engineers, pupils, and many others. to get properly knowledgeable about the present-day advancements of their subjects, and to keep them updated.
To learn more about Information visit here:
brainly.com/question/13629038
#SPJ4
Bill Gates has been described as task oriented and diligent. Which key leadership trait does this exemplify
Task-oriented and conscientious have been mentioned as qualities of Bill Gates. This is an example of the leadership quality of determination.
William Henry Gates III is a business tycoon and philanthropist from the United States who was born on October 28, 1955. Along with his late boyhood buddy Paul Allen, he co-founded Microsoft. Bill Gates served as chairman, CEO, president, and chief software architect during his tenure at Microsoft. He also served as the company's largest individual shareholder until May 2014. He played a significant role in the microcomputer revolution of the 1970s and 1980s as an entrepreneur. Seattle is where Gates was born and raised. He and Allen established Microsoft in Albuquerque, New Mexico, in 1975.
learn more about Bill Gates here:
https://brainly.com/question/14237170
#SPJ4
In a typical aggregate supply and demand model, Line Y represents ________, while Line Z represents ________.
In a common model of aggregate supply and demand, Line Y denotes long-term aggregate supply, and Line Z, short-term aggregate supply. A real demand model is linked to sales rather than leads.
To determine how much demand model (in dollars) marketing needs to create, you perform a bottom-up calculation where you start with your projected final income and work your way up the ladder. The total amount of a particular commodity or service that is offered to consumers is known as the supply, and it is a fundamental economic notion. Supply can be defined as the quantity offered at a particular price or, if shown on a graph, the quantity offered over a range of prices. If everything else remains the same, the law of supply states that.
Learn more about demand model here
https://brainly.com/question/14934839
#SPJ4
Which of the following should you NOT do when attempting to improve communication?
Multiple Choice
a. Occasionally nod in agreement.
b. Close your eyes.
c. Speak in a quiet, reassuring tone.
d. Smile and show animation.
e. Lean toward the speaker.
B. Close your eyes
In 2021, father sheets received $38,500 salary for ministerial services, $2,750 for performing weddings, and $13,750 excluded parsonage allowance (a total of $55,000). He incurred $5,500 of unreimbursed expenses related to his ministerial salary and $1,500 related to the weddings performed as self-employed. Consider that the excluded parsonage allowance will affect the allocation of expenses. How much of these expenses will be deductible for income tax purposes?
Active duty military pay and summer encampment compensation are free from the municipal earned income tax as of January 2016.
What is income, for instance?Income is the money a person or organization receives in return for labor, the creation of an item or service, or the use of capital. While companies make money by selling services or products over their cost of production, individuals often do so through wages or salaries.
Quelles of income: what are they?The income in a straightforward economy is derived from two sources. household sector (a) and business sector (b). Through reciprocal trade, these make money. The production inputs are owned by the household sectors, which also provide them to the businesses.
To start, calculate Pastor Malachi's non-deductible part of income as follows:
= Parsonage allowance excluded / Ministerial salaries x Self-employment earnings
= 13, 750 / 55, 000 x 1, 500
= $ 375
The unreimbursed expenditure deduction would therefore be as follows:
= Non-deductible percentage of self-employment income
= 1, 500 - 375
= $ 1, 125
To know more about income visit:
https://brainly.com/question/14732695
#SPJ4
$1,125 of these expenses will be deductible for income tax purposes.
How do you determine the deductible expense for income tax purposes?The income in a straightforward economy is derived from two sources. household sector (a) and business sector (b). Through reciprocal trade, these make money. The production inputs are owned by the household sectors, which also provide them to the businesses.
To start, calculate Pastor Malachi's non-deductible part of income as follows:
= Parsonage allowance excluded / Ministerial salaries x Self-employment earnings
= 13, 750 / 55, 000 x 1, 500
= $ 375
The unreimbursed expenditure deduction would therefore be as follows:
= Non-deductible percentage of self-employment income
= 1, 500 - 375
= $ 1, 125
To know more about income tax visit:
brainly.com/question/17075354
#SPJ4
Machinery costing $23,500 with an estimated salvage value of $1,180 and an estimated life of 6 years was purchased on October 31, 20X1. Using the straight-line depreciation method, what is the amount of depreciation expense to be recorded at December 31, 20X1
$620 is the amount of depreciation expense to be recorded at December 31, 20X1.
given data:
Purchase cost = $23,500
residual value = $1,180
estimated life = 6 years
the amount of depreciation expense is calculated as:
= (Purchase cost - residual value) ÷ (estimated life)
= ($23,500 - $1,180) ÷ ( 6 years)
= $22,320 - 6 years
= $3,720
Now the 2 months depreciation is i.e. from October to December
= $3,720 × 2 months ÷ 12 months
= $7,440 ÷ 12 months
= $620
A fixed asset's component that is regarded to have been used up in the current period gets depreciated. After that, the money is put on the expense list. By gradually lowering the carrying amount of fixed assets as their value depreciates over time, this charge aims to achieve its goal. Given that it results in a cost of conducting business, depreciation is seen as an expense for accounting reasons. Machines, for example, depreciate in value throughout the course of their useful life as they are utilised, undergoing wear and tear. The income statement treats depreciation as a cost.
learn more about depreciation expense here
https://brainly.com/question/15085226
#SPJ4
Which of the following would appear as a credit memorandum on the bank statement:
A) service charge
B) NSF check
C) EFT deposit
D) bank correction of an error from recording a $300 check paid as $30
Interest would increase an account and thus would be a credit memorandum.
For which of the following would a bank issue a credit memorandum?Credit memos from a bank are usually in regard that a bank if reversing some sort of transaction in which the bank made a payment it should not have, or the bank may have made a collection upon a note receivable or a certificate of deposit.
Which of the following statements reflects a weak internal control system?The correct answer is option d. A single employee is responsible for the collecting and recording of cash. Sound internal control will not let a single employee handles the responsibility of collecting and recording cash.
To know more about memorandum visit:
https://brainly.com/question/451648
#SPJ4
Part Two Consider the following three scenarios. Respond to the reflection questions related to each scenario with your suggestions for government action in complete sentences. Scenario 1: The government is currently spending three billion, one hundred million on programs and brings in three billion, five hundred million through taxation. 4. Does this create a budget surplus or deficit? Explain. 5. As a member of Congress, what changes would you suggest to fiscal policy to bal- ance the budget? Explain at least two ways you would use the tools of fiscal policy to balance the budget by recommending an "increase" or "decrease" to each tool in your explanation. 6. What are the benefits and opportunity costs of the changes you propose? Consider the impact on economic growth, price stability, and unemployment.
4) Since the government's receipts ($3.5 billion) exceed its spending, the budget will be in surplus (3.1 bn). If your spending are more than your income, you have a budget deficit.
5) To begin with, you have a budget surplus. As a result, in order to balance the budget, the government must pursue an expansionary fiscal policy (EFP). Fiscal policy's two main instruments are taxes and spending. By implementing EFP, the government can raise spending and cut taxes to balance the budget surplus and boost the economy.
6) Benefits include the creation of more jobs and a significant boost to economic growth as a result of government spending increases that increase aggregate demand. Inflation is one of the opportunity costs since higher expenditure levels tend to be more inflationary.
To learn more about budget surplus, please refer:
https://brainly.com/question/30154600
#SPJ4