Answer:
The profit motive that drives companies and individuals all too often gives way to greed. The power of leadership all too often gives way to elitist domination. The accumulation of wealth can look like excess or hoarding while income inequality increases in economies around the globe
what is the meaning of life
Answer:
To be totally honest... I cant tell you. All I know so far is that you are born to die
Explanation:
Tim, a single taxpayer, operates a business as a single-member LLC. In 2020, his LLC reports business income of $382,000 and business deductions of $668,500, resulting in a loss of $286,500. What are the implications of this business loss
Answer: See explanation
Explanation:
First, it should be noted that a threshold limit of $250,000 applies to the question according to IRS since Tim is a single taxpayer.
Therefore, the excess business loss will be:
= $286,500 - $250,000
= $36500
Therefore, Tim can use $250000 out of the loss of $286,500 to offset the non business income. Then, the excess business loss of $36500 will be treated as part of the NOL carryforward for Tim.
The company budgeted for production of 2,400 units in June, but actual production was 2,500 units. The company used 19,850 pounds of direct material and 980 direct labor-hours to produce this output. The company purchased 21,700 pounds of the direct material at $6.70 per pound. The actual direct labor rate was $19.20 per hour and the actual variable overhead rate was $1.80 per hour.
The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.
The variable overhead efficiency variance for June is: _________
a. $36 U
b. $36 F
c. $40 U
d. $40 F
Answer:
d. $40 F
Explanation:
Calculation to determine what The variable overhead efficiency variance for June is
First step is to calculate the SH
SH = 2,500 units × 0.4 hour per unit
SH= 1,000 hours
Now let calculate the Variable overhead efficiency variance
Using this formula
Variable overhead efficiency variance = (AH - SH) × SR
Let plug in the formula
Variable overhead efficiency variance= (980 hours - 1,000 hours) × $2 per hour= (-20 hours) × $2 per hour
Variable overhead efficiency variance= $40 F
Therefore Variable overhead efficiency variance is $40 F
The net book value of an asset represents the:
The amount at which an organization records an asset in its accounting records.
The netbook value of an asset represents the cost of the asset less depreciation.
Asset value reduces as a result of wear and tear. This is due to the usage of the asset and passage of time.
The monetary value of the part of the asset that have been used up over time, is what is regarded as accumulated depreciation, which means reduction in value.
Hence, the netbook value of an asset represents the cost of the asset less depreciation.Learn more about net book value on:
https://brainly.com/question/24194507
Haste Enterprises issues 20-year, $1,000,000 bonds that pay semiannual interest of $50,000. If the effective annual rate of interest is 11%, what is the issue price of the bonds? Some relevant and irrelevant present value factors: * PV of ordinary annuity of $1: n = 20; i = 11% is 7.96333 **PV of $1: n = 20; i = 11% is 0.12403 * PV of ordinary annuity of $1: n = 40; i = 5.5% is 16.04612 **PV of $1: n = 40; i = 5.5% is 0.11746 Multiple Choice $1,000,000. $919,766. $1,802,306. $992,948.
Answer: $919,766
Explanation:
The Present Value of issuance price of a bond is:
= Present value of interest payments + Present Value of par value at maturity
Present value of interest payments:
The payments are constant so this is an annuity.
Payments are semi annual so the variables should be adjusted for this.
Interest = 11%/2 = 5.5%
Number of periods = 20 * 2 = 40 semi annual periods.
Present value = Annuity * Present value of annuity factor, 5.5%, 40 periods
= 50,000 * 16.04612
= $802,306
Present value of par at maturity:
= Par value * discount factor, 5.5%, 40 years
= 1,000,000 * 0.11746
= $117,460
Issue price of bond:
= 802,306 + 117,460
= $919,766
A fierce debate exists between policymakers as to whether or not they should use monetary and fiscal policies to stabilize small fluctuations in the economy. Please determine which of the given statements could be used to support using policy to stabilize the economy and which might be used against such choices. In favor of using policy Not in favor of using policy
Answer:
Hello the options related to your question is missing attached below are the missing options
answer :
In favor of using policy
Fiscal policy can be used to cut spending and rein in excessive aggregate demand. This controls inflationPolicy makers can expand the money supply in order to increase aggregate demandNot in favor of using policy
Fiscal policy, in particular is subject to long delays in the political process, which can affect its usefulnessMonetary and fiscal policy only take effect after a long lagBecause of the imprecision of economic forecasting, policy makers may end up causing more harm to the economy than goodExplanation:
Fiscal policy is simply the use of government, taxing and spending policy to influence the economic conditions of the country positively over time. and it can come in either ways. i.e. increase in government spending or lowering taxes by the government
In favor of using policy
Fiscal policy can be used to cut spending and rein in excessive aggregate demand. This controls inflationPolicy makers can expand the money supply in order to increase aggregate demandNot in favor of using policy
Fiscal policy, in particular is subject to long delays in the political process, which can affect its usefulnessMonetary and fiscal policy only take effect after a long lagBecause of the imprecision of economic forecasting, policy makers may end up causing more harm to the economy than goodhow can gdp per capita and poverty rates indicate standards of living in each system?
If the toothpaste market is monopolistically competitive, product differentiation would not take the form of: production of many varieties of toothpaste, including those with whitening agents. quality differences among the various brands. setting the price of the product well below the price charged by the rivals. differentiation in the locations where certain toothpastes are available.
Answer:
setting the price of the product well below the price charged by the rival
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero
If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero
in the long run, only normal profit is earned
If a monopolistically competitive sets price below competitors, losses would be made. So, there is no incentive to do this
According to the law of demand, as prices fall, ceteris paribus
quantity demanded decreases.
demand increases.
quantity demanded increases.
demand decreases
Answer:
quantity demanded increases
Explanation:
price and demand are inversely related
this means as price falls it increases the willingness and ability of consumers to purchase a product.