The decreasing-cost industry is one in which firms experience higher; contract costs as their industry.
The industry of a reducing fee is an industry where the expansion of enterprise output decreases the company's price curves by using the entry of recent companies. For instance, whilst the manufacturing of digital components expands so the charge of laptop chips is probably decreased.
The reducing-value industry refers to industries that revel in lower in average expenses after they develop larger. Or, in other words, the industry reports external economies of scale. The enterprise's long-term supply curve is downward sloping.
An increasing-value enterprise is an enterprise whose fees for manufacturing go up as extra companies compete. while there are only a few gamers in that enterprise, the fees for manufacturing are low. however, when many freshmen enter the scene, demand for sources rises. In this enterprise, sources are restrained, i.e., finite.
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gloria is a tax accountant, who is very busy from january to april 15, which is the tax return filing deadline. she feels that she must work very long hours during this tie to meet the april 15 deadline for all of her clients. gloria is experiencing
Gloria is experiencing Pressure as she feels that she must work very long hours during this tie to meet the April 15 deadline for all of her clients.
Why is feeling pressure for filing tax return?
People having certain amount of taxable income and whose accounts are not liable to audit must file an Income Tax Return. If it exceeds a certain amount say Rs. 5 lakh, it is mandatory to file the return online or offline.
Busy corporations, Individuals and people who don't have enough time and knowledge opt for tax accountant , which help individuals and companies prepare and file accurate tax returns that meet all legal standards. Gloria being a tax accountant and dealing with a lot of clients need to fulfill things clearly and legally otherwise fine and legal issues would be dealt by clients.
Hence, Gloria is experiencing Pressure as she feels that she must work very long hours during this tie to meet the April 15 deadline for all of her clients.
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revenue inc. owns more than 90 percent of the shares of sales corporation. a copy of a plan for a merger of revenue and sales must be sent to each shareholder of
Revenue inc. owns more than 90 percent of the shares of sales corporation. a copy of a plan for a merger of revenue and sales must be sent to each shareholder of revenue.
What is revenue?In the context of accounting, revenue refers to the total income from sales of products and services that are directly related to the company's core operations. Sales or turnover are two other terms for commercial revenue. Interest, royalties, and other fees are sources of income for some businesses.
The basic definition of revenue is the entire amount of money received by a business from its operations, measured over a predetermined period of time. Before deducting any expenses, a company's revenue is its gross income. Revenue, which is the money made from sales and/or services provided, is defined by profits and total earnings.
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why are the interest rates of u.s. treasury securities less than the interest rates of equivalent corporate bonds?
The market uses U.S. Treasury bonds as a benchmark because they have no default risk, whereas corporate bonds all carry some level of default risk (however small).
U.S. Treasury bonds are regarded as a benchmark by the market since they have no default risk, whereas corporate bonds all have some level of default risk (no matter how tiny that risk may be). The interest rate on business bonds is therefore always higher than that on Treasury bonds.
The disparity between corporate or trash bond yields and the yields on U.S. treasuries often widens during times of greater economic uncertainty and around recessions.
Bond spreads did certainly increase during the 2001 recession, as Chart 1's excellent illustration of this phenomena shows. Bond buyers often demand higher interest rates to make up for the risk they are incurring when investing in a particular bond because recessions typically increase the rates of business bankruptcies and defaults. The widening of the margin between low-grade bonds and U.S. Treasury securities was probably also influenced by recent controversies involving corporate governance.
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In are the risks of derivatives manageable?, thomas a. Bass posits that market failures were due in part to mismanagement of derivative investments. What does he recommend?.
In ‘Are the risks of derivatives manageable’ Thomas A. Bass posits that market failures were due in part to mismanagement of derivative investments and recommends widespread regulation of derivatives or a complete ban. (Option A).
Derivatives refers to a security whose price is dependent upon or derived from one or multiple underlying assets (such as interest rate, stocks, commodity, etc.). It is a contract between parties (two or more) based upon the asset(s) and its value is established by underlying asset fluctuations. Derivatives are valuable tools for hedging risks, however, like all financial instruments they generate risks that need to be managed. According to Thomas A. Bass, market failure is caused by mismanagement of derivatives investments, and he recommends that derivatives must be regulated or banned completely.
Note: The question is incomplete as it is missing options. The options are A. Bass recommends widespread regulation of derivatives or a complete ban. B. Bass recommends further use of derivatives as a source of investment for banks and hedge funds. C. Bass recommends a safety net for banks who fail due to their use of derivatives, citing the ethical nature of the investment. D. Bass recommends implementing aggressive strategies to maximize returns in managing investments of wealthy private investors.
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in a one dimensional city with all economic activity at a single point (cbd), if there are two types of workers, drivers and walkers, and both types have the same hourly earnings, how will the two types become arranged in the city?
In a one dimensional city with all economic activity at a single point (cbd) , the walkers will be at the center of the city and the commuters would be close to point cbd.
What do you think "economic" means?Economics is the study of scarcity and how it affects a wide range of intricate social problems, such as how resources are used, how commodities and services are produced, how output and welfare increase over time, and a host of other complex problems.
What is the main objective of economics?Economics majors have a greater understanding of the world around them. People can better respond to problems and opportunities presented by changing circumstances by being able to understand other people, companies, markets, and governments.
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which of the following is likely to shift the credit demand curve of an automobile manufacturer to the right, assuming all else equal? group of answer choices a decrease in the real interest rate an increase in the real interest rate a plan to increase production and expand to newer markets a plan to decrease production and exit from existing markets
Option b.) A plan to increase production and expand to newer markets as most small businesses decide to grow their business and increase sales and profits is the correct answer.
However, there are certain methods companies must employ to execute their growth strategies.Common growth strategies in business include penetration , market expansion, product expansion, diversification, and acquisitions. In a purchase , a corporation acquires another company to expand its business. Small businesses can use this sort of strategy to expand their product range and enter new markets. Acquisition growth strategies are risky, but not as risky as diversification strategies.
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a cashier gives one person a $5 bill and 15 $1 bills in exchange for a $20 bill. he gives a second person a $10 bill, a $5 bill, and five $1 bills in exchange for a $20 bill. which characteristic of money does this illustrate?
This illustrates the Divisibility characteristic of money. Divisibility is the property of a good, in this case money, which can be broken into smaller amounts without any kind of depreciation in its value.
Money must be made available in various units, we should be able to make change for the larger units of money as transactions often occur in varying amounts.
A currency must be divisible in smaller amounts for it to be used broadly and to be used by everyone as not everybody can afford to use large bills in daily life.
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mary is a licensed real estate professional. she only performs licensed real estate activities and does not receive any compensation from lenders, mortgage brokers, or other mortgage-related parties. does she need an mlo endorsement?
Yes, mary needs an MLO endorsement as she is engaged in a licensed real estate selling and purchasing property activity.
What is an MLO Endorsement?A mortgage lender (MLO) is an individual or institution that helps potential borrowers obtain suitable mortgages for real estate transactions. MLOs are the first mortgage lender and work with borrowers through the application, approval, and closing process. An MLO is either a loan company, a mortgage broker, or a loan officer.A mortgage originator is defined as a person who assists a borrower through the mortgage application process and loan closing.A mortgage lender is either a bank or financial institution that originates and sells mortgages, but the term can also apply to anyone employed to help obtain a mortgage. People who act as mortgage lenders are also known as loan officers.Mortgage originators assist borrowers through the mortgage application process and loan closing. This may include gathering credit and financial information, evaluating your needs and financing options that make sense to you, negotiating interest rates, and submitting underwriting applications.Thus, mary needs a mlo endorsement because it acts as a unique identification number on her business card.
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your buyer client haley is making an offer on her first home although she can afford the full listing price, you advise her to offer 10% below the list price. what's a good reason for doing so?
Haley is making an offer on her first home although she can afford the full listing price, you advise her to offer 10% below the list price as the market is cold.
What is Market in Fianancial term ?
Any location or system that gives buyers and sellers the ability to exchange financial assets, such as bonds, shares, the different international currencies, and derivatives, is referred to as a financial market. The connection between people with capital to invest and those who need capital is facilitated by financial markets. Financial markets enable players to transfer risk (often through derivatives) and advance trade in addition to making it feasible to obtain funds.
Financial market transactions are subject to risk even while rules and best practices serve as a guidance. The OCC advises and assists national banks that participate in financial market activity.
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bill sells his 500 acre farm to mr developer. if the agreement contains a clause that requires a zoning permit within 60 days of the closing, this would be an example of a .
This would be an example of a condition subsequent. An occurrence or situation that, if it happens, will end one party's responsibility to the other is known as a condition following.
Because they go into effect after a party has already taken on a responsibility or after an interest has already accrued, conditions subsequent differ from related conditions predecessors. A condition precedent is a requirement that must be met in order for a title to be full. A responsibility that follows is one of the accomplishments that terminates a title that has already been finished. For instance, if a customer's home is destroyed by fire while the insurance policy is in effect.
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jeff bets mike $1,000 that the uw-whitewater football team will win their next game. the warhawks win the game. mike refuses to pay the money. jeff wants to sue to collect his $1,000. will jeff win?
Jeff wants to sue to collect his $1,000 according to his bet. However he will win only if the bet was unconscionable.
A court may deem a contract unconscionable and decline to enforce it if it is unjust or burdensome to one party in a way that shows wrongdoing during its development. The likelihood that a contract will be ruled unconscionable increases if both unfair negotiation and unjust substantive terms are demonstrated.
Actions that are shockingly awful or outrageous and display a lack of conscience are referred to as unconscionable conduct. One of the justifications that courts can use to declare an entire contract, or portions of it, invalid is unconscionable conduct.
Any one of the following situations can make a contract unconscionable: wrongful influence Duress. unbalanced bargaining position.
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removing an uncollectible account and its corresponding allowance from the accounting records is called . multiple choice question. subsidiary accounting a write-up a write-off double entry accounting
If a customer's accounts receivable are determined to be uncollectible under the allowance method, the amount is deducted from Accounts Receivable and written off.
When an uncollectible account is written off, what happens?Uncollectible Bad Debt Writing off a specific account receivable will result in an equal increase in expenses on the profit and loss side and a decrease in accounts receivable on the balance sheet.
A non-collectible account can be written off using the allowance method: a) only affects accounts on the balance sheet. It is evident, based on the entries in the journal above: When the account is written off, the accounts receivables account decreases. When accounts are written off, the allowance for questionable accounts also decreased.
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suppose you have invested in a new computer company whose profitability depends on (1) whether the u.s. congress passes a tariff that raises the cost of japanese computers and (2) whether the u.s. economy grows slowly or quickly. what are the four mutually exclusive states of the world that you should be concerned about?
The four mutually exclusive states will be:
Slow growth with tariff.Slow growth without tariff.Fast growth with tariff.Fast growth without tariff.What are mutually exclusive states?A statistical concept known as mutual exclusion refers to two or more events that cannot occur simultaneously. It is frequently used to describe a scenario where one outcome takes precedence over the other. For instance, it is impossible for peace and war to coexist. They can't coexist because of this.
Events that cannot occur at the same time are said to be mutually exclusive. An assortment of situations come to mind, such as right and left hand turns, even and odd numbers on a die, winning and losing a game, or running and walking. Events that are not mutually exclusive may occur simultaneously.
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on jan 5, a customer returned merchandise that had been purchased earlier on credit. the original sale was for $500, and the cost to the seller was $150. demonstrate the required journal entry to record the return on the books of the seller, assuming the goods can be sold to another customer. multiple choice question.
The required journal entry must be shown to record the refund on the seller's books if the products can be sold to another buyer.
How do you make journal entries for sales returns?Deduce the sales allowances and returns, from the purchase price. Add the tax paid on the original sale to the appropriate tax liability account. Deposit the full amount of the first sale transaction into cash or accounts receivable. Tracking customer returns and credits and sales returns and credits are typical netting sales accounts with debit balances. As a result, the debit on the account is the exact opposite of the credit balance on the merchant account. A return can be defined in the context of payroll entry as something that should be used to describe a customer return or to document when a customer returns a purchased product due to a defect or non-conformance to their needs, increase, etc
Illustrated Purchase Returns: When a buyer (business or individual) returns a purchased item to a seller for refund or refund, the transaction is called a return purchase depending on the seller's policy.
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which of the following statements about disability income insurance is true? group of answer choices most individual disability income policies pay a fixed percentage of gross income. any disability stemming from an illness or injury that occurs during the probationary period is covered. typical waiting periods for disability insurance range from 30 days to a year. policies with a guaranteed renewability provision are generally more expensive initially than noncancelable policies. typical probationary periods for disability insurance range from 90 days to a year.
Any disability stemming from an illness or injury that occurs during the probationary period is covered. The given statement is true about disability income insurance.
The insured income refers to all gains from which country social insurance contributions have been calculated and must be paid in accordance with the method provided for by this law, including calculated sickness, maternity, paternity, and vocational rehabilitation.
A business earnings insurance policy may cover your loss of earnings if you cannot operate due to a covered event. It is possible to lose your heart due to a blanket cause.
To become eligible for an income safety allowance, you must be off work for a specified period of time due to illness or injury. When contributors have not previously implemented to change this to a 30-day or 60-day waiting period, they will have a 90-day waiting period (the default waiting period).
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You need $24,056 at the end of 6 years, and your only investment outlet is an 8 percent long-term certificate of deposit (compounded annually). With the certificate of deposit, you make an initial investment at the beginning of the first year. Use Appendix B and Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
a.
What single payment could be made at the beginning of the first year to achieve this objective? (Do not round intermediate calculations. Round your final answer to 2 decimal places. )
Single payment made $
b.
What amount could you pay at the end of each year annually for 6 years to achieve this same objective?(Do not round intermediate calculations. Round your final answer to 2 decimal places. )
A. The single payment that would be made is given as $15160.07
B. The amount that would be paid annually at the end of the year is $3279.2
How to solve for the single paymentWe have the following data to solve the problem with
future value = 24056
The number of years n = 6 years
The rate is r = 8 percent
The present value is the single payment that would be made
This is given by
[tex]fv(1 + r)^n[/tex]
[tex]24056(1 + 0.08)^6[/tex]
= 24,056 / 1.5868
= $15160.07
b. We are to find the future value of annuity
The future value of annuity has been solved through the use of the excel statistical tool
= $3279.2
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a cabinet firm paid $5,000 for 10,000 pieces of cabinet hardware. the firm has used 4,000 pieces of hardware and is holding the remaining 6,000 pieces in inventory. the current market price for the 6,000 pieces of hardware is $2,800. what is the opportunity cost of holding the 6,000 pieces of hardware in inventory?
A cabinet firm paid $5,000 for 10,000 pieces of cabinet hardware. $2800 is the opportunity cost of holding the 6,000 pieces of hardware in inventory.
Elaborate:since, sunk cost is the cost that has formerly occurred and has no eventuality of the recovery in the future. sunk cost is substantially considered with the outfit purchasing. so when the establishment are holding 6000 piece of press tackle and 4000 are being used, so 6000 closets price are the sunk cost.
What is sunk cost?
A sunk cost, occasionally called a retrospective cost, refers to an investment formerly incurred that can not be recovered. exemplifications of sunk costs in business include marketing, exploration, new software installation or outfit, hires and benefits, or installations charges.
What's the purpose of sunk cost?sunk cost, in economics and finance, a cost that has formerly been incurred and that can not be recovered. In profitable decision timber, sunk costs are treated as defunct and aren't taken into consideration when deciding whether to continue an investment design.
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a pro forma balance sheet is used as . a.) a projection of the effects of a proposed transaction on assets, liability and equity b.) a projection of the effects of a proposed transaction on revenue and expenses c.) an accounting of the actual effects of a significant transaction on assets, liability and equity d.) an accounting of the actual effects of a significant transaction on revenue and expenses
A pro-forma stability sheet is a tabulation of future projections and are used to task how the enterprise will be managing it is assets in the future.
It outlines and summarizes the predicted future fame of a company after a deliberate transaction, primarily based on the modern economic statements.
Why is it referred to as a pro forma?Pro forma capability “for the sake of form” or “as a matter of form." When it appears in economic statements, it indicates that a technique of calculating monetary outcomes the use of sure projections or presumptions has been used.
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https://brainly.com/question/5099450#SPJ4after an emplovee was laid off. he was informed of the right to convert the group coverage to an individual policy within 31 davs twenty days into the conversion period, the employee suffered a heart attack and died before he could obtain individual coverage. what is the group policy insurer required to do?
In the initial class, the insurer is required to pay the death benefit. A contract between a policyholder and an insurance provider is what is meant by life insurance.
What is Life Insurance ?A life insurance agreement is signed by the insurer and the insured. A life insurance policy guarantees that the insurer will pay a specific sum to designated dependents upon the insured's death in exchange for the insurance premiums paid by the policyholder over the course of the policy's whole term.
Individual policies include long-term care insurance policies that provide hospital or medical coverage to an insured on an expense incurred or service basis, except from for certain diseases or unintentional injuries.
A life insurance policy is a legally enforceable arrangement that pays out to the policyholder in the eventuality that the insured perishes.A single premium upfront or recurring premiums over time must be paid for a life insurance plan to remain in force.If the insured passes away, the policy's face value, or death benefit, will be paid to the chosen beneficiaries.Term life insurance plans have a specified number of years before they expire. Until the insured person dies, the premiums are discontinued, or the policy is relinquished, constant life insurance plans are in force.A life insurance policy can only be as good as the firm that issues it in terms of financial stability. State assurance funds may pay claims if the provider is unable to do.Learn more about Life Insurance:
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winnebagel corp. currently sells 1,800 motor homes per year at $77,000 each and 600 luxury motor coaches per year at $120,000 each. the company wants to introduce a new portable camper to fill out its product line; it hopes to sell 800 of these campers per year at $23,500 each. an independent consultant has determined that if the company introduces the new campers, it should boost the sales of its existing motor homes by 90 units per year and reduce the sales of its motor coaches by 10 units per year. what is the amount to use as the annual sales figure when evaluating this project? why?
The amount to use as the annual sales figure when evaluating this project is $259,130,000. As a result, the yearly revenue number to utilize while appraising this project is $259,130,000.
What are annual sales?The total amount of money earned by a corporation during a year is referred to as its yearly revenue or annual sales. Depending on how you handle your accounting, you could measure that year as a calendar or fiscal year. Revenue is distinct from profit because it does not include expenses.
The following is an explanation of the answers:
New units of motor homes per year = Current units of motor homes per year + Expected increase in the unit of motor homes per year = 1,800 + 90 = 1890
New units of luxury motor coaches per year = Current units of luxury motor coaches per year + Expected decrease in the unit of luxury motor coaches per year = 800- 10 = 790
Figure for annual sales = (New units of motor homes per year * Unit of motor homes) + (New units of luxury motor coaches per year × Unit price of luxury motor coaches) + (Expected units of portable camper × Unit price of portable camper) = (1890 × $77,000) + (790 × $120,000)
+ (800 × $23,500) = $259,130,000
As a result, the yearly revenue number to utilize while appraising this project is $259,130,000.
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rosa llewelyn works in the human resources department of a company that manufactures packaging machines. she handles payroll and insurance. llewelyn is in a(n) position.
Rosa Llewelyn works in the human resources department of a company that manufactures packaging machines. She handles payroll and insurance. Llewelyn is in a staff position.
A company's human resource department is the department in charge of efficiently managing the organization's human resources, or its personnel.
Training and development of employees, who are among a company's most valuable resources, falls within the supervision of the human resources department.
A human resources department is in charge of ensuring that the business has a strong staff that is prepared to perform their jobs and is paid fairly for doing so.
Effective rules, procedures, and supportive, people-friendly guidelines are offered by the human resources department. The human resource department also works to ensure that the company's mission, vision, and values are reflected in its culture.
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calculate the total cost of land if the purchase price was $150,000; the real estate broker commission were $10,000, and the demolition cost for the old building was $5,000.
The total cost of land will be 165,000 if the purchase price was $150,000; the real estate broker commission were $10,000, and the demolition cost for the old building was $5,000.
The total variable and fixed costs of a batch of goods or services are determined using the total cost formula. For calculating the overall cost of a product or product line, these data may be helpful.
Calculating the average total cost is a crucial step in your accounting process when pricing your goods and services. Making sure your product prices are high enough to cover both your variable and fixed costs is done in this stage. The total cost formula assists firms in calculating their overall operating costs.
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apple uses corning's glass products for all its devices, such as the gorilla glass 6 used in the iphone 11 series. to ensure that it continue to have a strong relationship with this glass industry leader, apple has invested nearly $500 million toward corning's advanced glass research division. by building up this relationship, apple seeks to maintain some control over which of porter's 5 forces?
Apple hopes to retain some influence over its consumers from Porter's five forces by fostering this connection.
Managers and analysts may better understand the competitive environment a company operates in and how it is positioned within it by using Porter's Five Forces Model.
Porter's five forces can be used to identify who is better off in a particular business scenario. The strength of an organization's current competitive position as well as the strength of a position it may aim to hold in the future may be ascertained using this information.
These factors affect a company's profitability by affecting the quantity and strength of its rivals in the market, possible new market entrants, suppliers, consumers, and replacement goods.
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the opec oil crisis in 1971 increased the us inflation rate, which led to negative effects on the trade position, and this led to a(n) blank in the value of the dollar. multiple choice question. increase
The OPEC oil crisis in 1971 increased the us inflation rate, which led to negative effects on the trade position, and this led to a decrease in the value of the dollar.
What caused OPEC crisis?When the Organization of Arab Petroleum Exporting Countries (OAPEC), led by Saudi Arabia, declared an oil embargo in October 1973, the 1973 oil crisis, also known as the first oil crisis began. The 12 nations that made up OPEC at the time ceased selling oil to the United States during the OPEC oil embargo. Gas costs skyrocketed as a result of the embargo. Prices increased by more than treble between 1973 and 1974. Stagflation resulted from the embargo. Two specific occurrences in the Middle East, the Yom-Kippur War in 1973 and the Iranian Revolution in 1979, contributed to the oil crisis of the 1970s.
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a bond with a coupon rate of 8 percent sells at a yield to maturity of 9 percent. if the bond matures in 11 years, what is the macaulay duration of the bond? what is the modified duration?
The Macaulay duration is 7.58317 and Modified duration is 6.95704
How to calculate Macaulay duration and Modified duration?
Given,
Coupon rate = 8%
Yield to maturity (YTM) = 9%
Assumed,
Bond face value = $ 100
Coupon = $ 100×8% = $ 8
Macaulay duration can be calculated by this formula
Macaulay duration = [tex]\frac{\sum{n\times pv}}{\sum{pv}}[/tex]
PV or present value can be calculated by this formula
PV = [tex]\frac{cashflow}{(1+YTM)^n}[/tex]
Then, after we get Macaulay duration we can calculated Modified duration by this formula
Modified duration = [tex]\frac{\text{Macaulay duration}}{1 + YTM}[/tex]
For detailed calculations using excel in the attached image with excel formula
Thus, the Macaulay duration is 7.58317 and Modified duration is 6.95704
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one of the major advantages of process-oriented layouts is: a) high equipment utilization. b) large work-in-process inventories. c) flexibility in equipment and labor assignment. d) smooth and continuous flow of work. e) small work-in-process inventories.
One of the predominant blessings of technique-orientated layouts is flexibility in device and exertions assignment. (Option C is correct).
Process orientated format : A format that offers with low- volume, high- variety. product; like machines and outfit are grouped together. • This is a conventional manner to guide a product. difference strategy. The technique- orientated existent is the perfectionist who is eager on vindicating that they have got finished every step of the technique in step with the instructions.
When brazened with cloth coping with outfit they are trying to find out the packages and techniques of the way to control that outfit in preference to forming up their personal regulations. What are the traits of technique format: In technique format, the paintings stations and tool are not concluded in step with a selected product sequence. rather, there is an convention of alike operations or alike tool in every department( for illustration, a sample department, a make-up department, etc.)
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rather than trying to compete with other companies, it is the goal of tonya's company to give customers more value for the products they buy and provide these products at a lower price. tonya's company employs the environmental marketing strategy known as .
Tonya's company employs the environmental marketing strategy known as the Societal marketing concept.
What is the Societal marketing concept?Marketing social responsibility is the marketing concept that companies should make their marketing decisions by considering not only the desires of consumers and the needs of the company but also the long-term interests of society.The social marketing concept holds that marketers have a greater social responsibility than simply satisfying customers and providing value. Instead, marketing activities should seek to benefit the general welfare of society.Social marketing emphasizes social responsibility and helps companies develop marketing strategies to deliver value to their customers and maintain the well-being of their customers and society better than their competitors in order to maintain long-term success and suggests that it should be improved.The concept of social marketing evolved from the conflict between the short-term needs of individual consumers and the long-term well-being of society.an example of societal concept would be tobacco companies giving warning of cancer after consuming it.To know more about societal marketing concepts refer to:
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aroon is a plumber who uses the cash method of accounting. this year aroon requested that his clients make their checks payable to his son, feng. this year feng received checks in the amount of $62,000 for aroon's plumbing services. which of the following is a true statement? a) aroon is taxed on $62,000 of plumbing income this year. b) feng is taxed on $62,000 of plumbing income this year. c) feng is taxed on $62,000 of income from gifts received this year. d) aroon may deduct the $62,000 received by feng. e) none of the choices are correct.
The true statement is aroon is taxed on $62,000 of plumbing income this year.
What is plumbing?Any system that transports fluids for a variety of applications is referred to as plumbing. In plumbing, fluids are transported through pipes, valves, plumbing fittings, tanks, and other equipment. Plumbing is used in a variety of applications, including heating and cooling (HVAC), waste removal, and the delivery of potable water. Plumbing infrastructure is essential for sanitation and public health in the developed countries. Despite the fact that they frequently work with piping and occasionally perform some plumbing, boilermakers and pipefitters are not plumbers. Ancient water systems relied on gravity to supply water, using pipes or channels that were typically composed of clay, lead, bamboo, wood, or stone.
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sourcing and procurement of raw materials, component parts, finished goods and services is handled by which department?
Sourcing and procurement of raw materials, component parts, finished goods, and services are handled by the Industrial Buyers department.
Procurement is the system of discovering and agreeing to terms and copping goods, services, or another workshop from an external source, frequently with the use of an extending or competitive bidding process. When a government agency buys goods or services through this practice, it's appertained to as public procurement.
Procurement involves every exertion involved in carrying the goods and services a company needs to support its diurnal operations, including sourcing, negotiating terms, copping particulars, entering and examining goods as necessary, and keeping records of all the way in the process. Examples might include raw accouterments, software, services, or products that directly support the production of the products your company sells. circular Procurement Anything not directly related to the product of goods is circular procurement.Learn more about procurement here: https://brainly.com/question/17183208
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last year, valley manufacturing reported sales of $800,000, net operating income of $40,000, and average operating assets of $400,000. the company's return on investment (roi) for last year was .
The company's return on investment for last year was 10% increased from the current level of 12%.
What is investment and how the company's return on investment for last year was increased by 10%?Investment is the money that is dedicated by a person to buy a thing or notice the value increased over time.Here the question is asked of the valley manufacturing reported and how the company's return on investment was for the last years.The answer would be the company's return on investment for last year was 10% increased from the current level of 12%.There are several kind of investments like growth investment, shares , property and fixed interest into which people invests in majority.Hence for the valley manufacturing reported sales of $40,000 and average operating assets of $400,000 the company's return on investment for last year was increased 10% from the current level of 12%.To know more about investment visit:
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