cost-volume-profit (CVP) analysis, helps managers predict how changes in costs and sales levels affect profit. In its basic form, CVP analysis involves computing the sales level at which a company neither earns an income nor incurs a loss, called the break-even point.
Core paper. Cost-Volume-Profit (CVP) analysis is a method of examining how changes in variable and fixed costs affect a company's profits. A company can use his CVP to see the break-even point (covering all costs) or the number of units that need to be sold to meet a certain minimum profit margin.
CVP analysis helps determine the level of all costs involved. This concept helps eliminate unnecessary information that can complicate management's decision-making process. For example, businesses use costs associated with management to determine whether new decisions are economical.
The main CVP formula is: Profit = Revenue – Cost. Of course, to use this formula, you must know how to calculate sales: (Retail Price x Quantity). You also need to know how to calculate the cost: fixed cost + (variable price x number of units).
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Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in.
Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in the cash flows from investing activities section.
What is depreciation?
Depreciation is an accounting technique that distributes an asset's cost throughout its anticipated useful life. Depreciation is a recurring expense that businesses report on their income statement. Assets degrade with time, losing value.
Which activities are reported on the statement of cash flows?
Transactions must be divided into the three categories of operating, investing, and financing activities that are shown on the statement of cash flows.
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People who receive a promotional impression and who give some thought to buying the product are considered:______.
People who receive a promotional impression and who give some thought to buying the product are considered: Sales leads
An impression is an imprint, either in one's mind or on an object.an opinion or feeling that you have about someone or something you have seen but do not know very well.
Impressions fall into three basic categories:
patentlatentplastic.An example of an impression is the mark you make when you press your finger into clay.
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Assuming that the monopolistic competitor faces the demand and costs depicted below and finds the profit maximizing level of output, what will be the firm’s profit?
The firms profit that the monopolistic competitor will have Profit maximizing output is found where marginal revenue and marginal cost curves intersect.
Monopolistic opposition exists while many companies provide competing services or products which might be similar, however no longer ideal, substitutes. The obstacles to entry in a monopolistic competitive industry are low, and the choices of any individual company do no longer directly affect its competition.
To find the proft/loss, find the area of rectangle enclosed by the quantity, price, cost and origin. But since cost per unit is higher than price per unit, the seller will actually incur a loss equal to a negative sign with it.
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Which of the following statements is false with regards to internal controls? a) Stockholders of publicly-traded companies can be imprisoned if their companies fail to comply with internal control rules. b) Publicly-traded companies must develop a system of internal control. c) None of these is false, Publicly-traded companies internal control system must be evaluated by the company's independent auditor. d) Publicly-traded companies must ensure that their internal controls are reliable and effective.
The question is about the internal controls, a public limited company is required to maintain a good level of internal controls and so A) is false.
What is Internal Control?Internal controls are the controls which are enforced by the management, improved by internal auditors and checked by external auditors.
There is no such clause if a public traded company fails to comply with internal controls the stockholders are not imprisoned instead the stockholders are the shareholders or the owner of the company.
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What two technological innovations greatly expanded the industrial employment of women in the late nineteent?
The typewriter and telephone were two technological innovations that greatly expanded the industrial employment of women in the late nineteenth.
The most effective and enduring union after the Civil War was the Union of America. The main contention of those who criticized "industrial employment" was that these people... built their wealth and power through the exploitation of workers.
In 1862, Congress passed the Pacific Railroad Act, establishing the 32nd Parallel as the first transcontinental route and giving a right-of-way to a large stretch of land. The act authorized two railroad companies, Union Pacific and Central Pacific, to build the line.
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Which one of these is a disadvantage of the corporate form of business? multiple choice access to capital unlimited personal liability for owners limited firm life legal requirements
Double taxation to shareholders of distributed earnings and dividends, is a disadvantage of the corporate form of business.
Due to the movement of funds from the corporation to the shareholders when a company chooses to pay out dividends, the government taxes the earnings twice.
The business is first taxed at year's end when it is required to pay taxes on its profits. When the shareholders get dividend payments from the business's post-tax profits, a second tax is levied.
The shareholders pay taxes twice: once as owners of a business that generates profits and once as individuals who are required to pay income taxes on their individual dividend income.
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Find the EAR in each of the following cases: (Assume 365 days in a year. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Stated Rate (APR) Number of Times Compounded Effective Rate (EAR) 9.9 % Quarterly % 18.9 Monthly 14.9 Daily 11.9 Infinite
EAR = [ 1 + (APR/m)]^m -1 where, m = periods in one year.
What Is the Annual Percentage Rate (APR)?The term "annual percentage rate" (APR) describes the annual interest that is produced by an amount that is charged to borrowers or paid to investors. APR is a percentage that represents the actual annual cost of borrowing money throughout the course of a loan or the revenue from an investment. This does not account for compounding and includes any fees or other charges related to the transaction. Consumers can evaluate lenders, credit cards, and investment goods using the APR as a benchmark figure.
What Makes an Effective APR?
What constitutes a "good" APR will vary depending on the market's competing rates, the central bank's prime interest rate, and the borrower's own credit score. Companies in competitive industries will occasionally offer very low APRs on their credit products, such as 0% on vehicle loans or leasing options, when prime rates are low. Although these low rates could sound alluring, clients should make sure that they are permanent and not just introductory rates that will change to a higher APR after a set amount of time. Furthermore, individuals with really good credit ratings can be the only ones who can get low APRs.
Calculation:
a. [ 1 + (0.099/4)]^4 -1
EAR = 10.27%
b. [ 1 + (0.189/12)]^12 -1
EAR = 20.62%
c. [ 1 + (0.149/365)]^365 -1
EAR = 16.06%
d. [ 1 + (0.119/10,000)]^10,000 -1
EAR = 12.63%
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Correct question:
Find the EAR in each of the following cases: (Assume 365 days in a year. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
Stated Rate (APR) Number of Times Compounded Effective Rate (EAR)
a. 9.9% Quarterly
b. 8.9% Monthly
c. 14.9% Daily
d. 11.9% Infinite
A crowdfunding issuer wishes to offer its stock to the public in a way that prospective investors will have access to investment advice and recommendations before committing. How can this be done
Intermediary use of a broker-dealer.
Broker Dealer: Who are they?A broker-dealer (B-D) is a person or company who trades securities for their own account or on behalf of their clients. Since the majority of stock brokerages function as both agents and principals, the term "broker-dealer" is used to define them in terms of U.S. securities laws.
What Kinds of People Work as Broker-Dealers?The most well-known broker-dealers include TD Ameritrade, E-Trade, and Charles-Schwab. While E-Trade and TD Ameritrade are essentially online brokerage firms, others of these, like Charles-Schwab, are comprehensive financial services companies.
How does crowdfunding operate and what is it?Crowdfunding is the practice of using modest sums of money from a large number of people to finance a new business endeavor. Depending on the nature of crowd sourcing, investors receive perks like shares in the company that raised the money or donate money voluntarily.
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A(n)_____ -end fund issues shares only when it is organized and its shares are usually traded on a stock exchange.
Answer: closed
Explanation:
A firm that wanted to enable its employees to use and share data without allowing outsiders to gain access could do so by establishing a(n):__________
A firm that wanted to enable its employees to use and share data without allowing outsiders to gain access could do so by establishing a: intranet
This is further explained below.
What is an intranet?Generally, A company that intended to provide its workers the ability to utilize and exchange data while preventing unauthorized third parties from gaining access to such data may do so by building an intranet.
In conclusion, a private network built using World Wide Web technologies; is a local or limited communications network.
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____ are the standard for business documents and come in both personal and network versions.
Laser projectors are the standard for business documents and come in both personal and network versions.
How do laser projections work?The method that laser projection creates the image we see on screens is different from bulb-based projection. When using bulb-based projection, a panel must be illuminated by the light source (the bulb) in order to create the image. In contrast, laser projectors produce light using lasers.
Many people think that laser projectors represent the future of projectors because of the numerous advantages offered by this technique.
Nevertheless, consumers find laser projectors to be particularly appealing due to their many advantages over bulb projectors.
Minimal MaintenanceEnergy SavingsThrow Distance Greater Image Quality Overall.Learn more about lasers with the help of the given link:
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Bookmark question for later one benefit of ________ is that employees can access knowledge and expert systems on a just-in-time basis. Distance education time freedom remote learning technology
Answer is technology.
Just-in-time (JIT) inventory is the management method that reduces the inventory while increasing the efficiency. Since Toyota introduced just-in-time production in the 1970s, it is also known as the Toyota Production System (TPS).
Toyota Motor Company: Toyota is a well-known example of a company that uses the JIT process. When a customer puts an order, Toyota only gets raw materials at the factory when it is ready to begin manufacturing the vehicle. This procedure reduces inventory keeping expenses.
Therefore, the answer is technology which has made access knowledge and expert system by employees on a just in time basis.
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____________ is a completely inadequate mechanism ____________________ in a modern advanced economy.
Barter is a completely inadequate mechanism to trade in a modern advanced economy. A barter is a transaction in which two or more persons exchange their products or services without exchanging the cash. In its simplest form, barter entails exchange of one party's good or service for another party's goods or service.
When two people each have goods the other wants, they can figure out mechanism of what those things are worth and how much to give to make the most use of their resources. Barter predates the creation of actual hard cash and is world's oldest form of trade.
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Kanya has a credit card that gives a 6% discount on every purchase and free shipping when used online. The annual percentage rate on the credit card is 12%. Kanya wants to buy a laptop that costs $420. Which statement about the cost of the laptop is true?
If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 more than paying cash for the laptop.
If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $50.40 more than paying cash for the laptop.
If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $50.40 less than paying cash for the laptop.
If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop.
Option (d) is true i.e, If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop.
The Discount is a price cut applied to the regular cost of a good or service in an effort to generate or boost sales. Retailers and manufacturers use these reductions, also known as "sales" or "markdowns," across a variety of industries.
Types of Discounts:
Trade discount, Quantity discount, Cash discount.A price reduction offers a financial benefit, an incentive for customers to buy the product, according to the economic impacts of price reductions. Numerous earlier research has shown that consumers perceive greater levels of savings for a product when a larger price discount is offered.
The credit card that Kanya has to give a discount of = 6%
The cost of the laptop Kanya wants to buy costs= $420
The amount that will be deducted from the cost of the laptop= 420 × 6/100
= 2520/100
= $25.2
Therefore, the correct statement is that If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop.
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A buyer's gross income is $90,000 per year. She pays $300 for a car loan and $200 for her student loan. When she applies for a mortgage the bank requires a maximum debt-to-income ratio of 36% on all debt, and a maximum 28% debt-to-income ratio for housing debt. What is the maximum monthly house payment the bank will approve
Based on the buyer's gross income, her car and student loan payments, and the maximum debt-to-income ratio, the maximum monthly house payment that the bank will approve is $2,100.
What amount will the bank approve?The maximum debt-to-income ratio for housing the bank will approve is 28% which is:
= (90,000 / 12 months) x 28%
=$2,100
The maximum debt-to-income ratio is 36%:
= (90,000 / 12 months) x 36%
= $2,700
Allowance for debt:
= 2,700 - 300 - 200
= $2,200
There is therefore enough space to take on the maximum debt-to-income ratio for housing so the amount of $2,100 will be approved.
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The face-to-face presentation and promotion of goods and services is known as personal?
Personal promoting is likewise called face-to-face promoting wherein one individual who's the salesperson attempts to persuade the client in shopping for a product.
It is a promotional approach via way of means of which the salesclerk makes use of his or her capabilities and skills in an try to make a sale. Face-to-face advertising refers to any state of affairs in that you sell your commercial enterprise to any other individual or to a set of humans in individual. You get to appearance the alternative humans in the attention as you supply your pitch or hook up with them on a private level.
For instance, you would possibly meet any person on the grocery store. That individual asks you what you do for a living, and also you provide an explanation for which you create on line publications for aspiring photographers.
At that point, the communique would possibly shift. However, if the alternative individual is inquisitive about photography, she or he would possibly ask questions on your on line course. You may want to offer a commercial enterprise card or a internet site cope with wherein that individual may want to analyze greater approximately your commercial enterprise.
That's an instance of casual face-to-face advertising. You take gain of an possibility to allow a person recognize approximately your commercial enterprise and the virtual merchandise which you sell.
Face-to-face income strategies make stronger relationships with possibilities and customers, decorate logo credibility, and permit reps to talk key price propositions greater effectively. In-individual promoting processes additionally assist reduce through the static and make manufacturers stand out towards the competition.
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Suppose that, if their income rises by $100, all households in Normalia raise their spending by $90. Instructions: Round your answers to one decimal place. The MPC in Normalia is:
The MPC in Normalia is 0.1 after rounding the answers to one decimal place.
What Is Marginal Propensity to Consume (MPC)?The percentage of an overall salary increase that a customer spends on purchasing goods and services rather than saving is known as the marginal propensity to consume (MPC) in economics.
Key Features of MPC:The percentage of additional income that is spent on consumption is known as the marginal propensity to consume.Depending on income, MPC fluctuates. MPC tends to be lower at higher income levels.The Keynesian multiplier, which describes the impact of additional investment or government spending as an economic stimulus, is mostly determined by MPC.Marginal Propensity to Consume (MPC) = (Change in spending)/(Change in income)
= $90/$100 = 0.9
Marginal Propensity to Save
= 1 − MPC
= 1 − 0.9 = 0.1
Hence, the MPC in Normalia is 0.1.
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The texas general land office is accused of mishandling funds earmarked for hurricane relief and recovery. who is responsible for investigating?
The Texas general land office is accused of mishandling funds earmarked for hurricane relief and recovery. The governor is responsible for investigating .
The governor is responsible for investigating because only the governor can call a special session . The governor also gets to set the agenda for the session as well.
The General land office has the responsibility to administer funds in the event of natural disasters like Hurricanes. They are also responsible to provide aid for long term as an disastrous event can displace people for months.
The Texas general land office through the community development and revitalization division works to rebuild communities by putting texas back in homes , restoring infrastructure and preventing future damage through planning.
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Which method for counting gross domestic product focuses on the money paid for all the factors of production as well as profits earned by business owners?
The method of GDP calculation that looks at the profits earned by business owners and the money paid for factors of production is the Income approach.
How is the income method of GDP used?With the income method, the total amount that was paid for to access the factors of production is looked at.
This shows how much spending happened in the economy. The profits of entrepreneurs is also looked at as it is income earned, and not money spent on production.
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If firms in the travel industry compete through nonprice competition, these statements are all true except which one?
The statements about nonprice competition that is false is a) Companies that use nonprice competition do not need to keep track of their competitor's prices.
What is nonprice competition?It should be noted that the is not complete, this is just a related question, Non-price competition can be regarded as a marketing strategy whereby firm tries to distinguish the product or service of their company from competing products .
In this case, in Non-price competition, company must be able to distinguish its brand through some unique feature in order to successfully engage in nonprice competition.
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CHECK THE COMPLETE QUESTION;
Which of the following statements about nonprice competition is false?
a) Companies that use nonprice competition do not need to keep track of their competitor's prices.
b) A company must be able to distinguish its brand through some unique feature in order to successfully engage in nonprice competition.
c) A firm using nonprice competition can build loyalty to both its company and its products.
d) When using nonprice competition, a company should promote the distinguishing characteristics of its brand.
e) Buyers must view the distinguishing characteristics of a product offered through nonprice competition as being important.
Kyle took a photograph of his sister, but he later noticed that his lens was marginally out of focus. Which tool can he use to improve the image
The Unsharp Mask tool is the photograph tool that can be used by Kyle to improve the image despite that it was out of focus.
What is an unsharp mask?This refers to an image sharpening technique that was first implemented in darkroom photography but now popularly used in the digital image processing software.
The tool is common among photographer because it helped toi increases the image contrast along the edges of objects in a photo and it will correct the out-of-focus. It also helps to change the relative highpass content in an image by subtracting a blurred version of the image.
Despite that it is an after-capture tool, the effect are usluslly not detected edges but the pixel values can vary from their neighboring pixels by a certain amount.
Therefore, the Unsharp Mask tool is the photograph tool that can be used by Kyle to improve the image despite that it was out of focus.
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These are selected 2022 transactions for Wyle Corporation. Jan. 1 Purchased a copyright for $120,000. The copyright has a useful life of 6 years and a remaining legal life of 30 years. Mar. 1 Purchased a patent with an estimated useful life of 4 years and a legal life of 20 years for $54,000. Sept. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite
The copyright purchased will be amortized over 6 years useful life.
$120,000 / 6 years = $20,000/annum
The patent purchased will be amortized over the useful life of 4 years
$54,000 / 4 years = $13,500 / annum
Goodwill is not amortized. But rather is checked for impairments.
What is Amortization?Amortization is the systematic allocation of costs over the useful life of asset. The asset may be an intangible, if it is a tangible it is depreciated.
The life over which the asset is amortized is lower of useful and legal life, in both the cases the useful life was lower than the legal life.
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Cylle installs a unique home entertainment center. he charges a flat fee of $1,200 for the system and the installation. what revenue model does cylle employ?
Unit sales is revenue model employed. On a balance sheet, the unit sales figure represents the total sales of a product in a given period. This sales data is used to determine the price point that allows for the highest profit per unit while employed the actual cost of production.
For example, we could say that the iPad Air sold for $200 or 10,000 units, when the actual sales value is $2 million and the quantity employed is 10,000 units. As a result, unit sales of $200 are possible. Total Sales Value/sales Quantity = 2,000,000/10,000 = $200 in unit sales.
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Manufacturers, wholesalers, retailers, service companies, not-for-profit organizations, and government agencies that buy products and services for their own use or for resale are known as ______. Multiple choice question. secondary users intermediate buyers alternate consumers organizational buyers
Manufacturers, wholesalers, retailers, service companies, not-for-profit organizations, and government agencies that buy products and services for their own use or for resale are known as organizational buyers.
Who are organizational buyers?Individuals who represent a company are known as organizational buyers. When making purchases, these buyers often take into account both their own preferences and the suspected preferences of the clients to whom the organizational buyer's business will sell.Organizational elements such as the purchasing objective, policy, procedure, and organization all have a significant impact on organizational purchasing. Authority, interest, and prestige are examples of interpersonal factors. Age, education, employment position, risk-taking, and personality are all individual factors.Therefore, manufacturers, wholesalers, retailers, service companies, not-for-profit organizations, and government agencies that buy products and services for their own use or for resale are known as organizational buyers.
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In business-to-consumer sales the ______ step is important but is often neglected.
a) make presentation
b) qualify
c) close sale
d) follow-up.
In business-to-consumer sales the follow-up is important but is often neglected. Business-to-consumer (B2C) refers to the process of selling goods and services directly to customers who are the final recipients of a company's goods or services (B2C). B2C refers to the vast majority of companies that sell directly to customers.
During the dotcom boom of the late 1990s, when it was largely used to describe online businesses who offered goods and services to customers online, the term "business-to-consumer" (B2C) gained enormous popularity. Despite the fact that many B2C companies were victims of the subsequent dotcom bust as investor interest.
In the sector waned and venture capital funding dried up, B2C leaders such as Amazon and Priceline weathered the storm and have since seen tremendous success.
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You can start thinking about the intersection of government and the economy in the United States by considering your everyday life. From the time you get up in the morning until you go to bed at night, what contacts do you have with the government
Societal interactions are the foundation of social structures and cultures. People create the laws, institutions, and systems they want to live in by interacting with one another.
How you interact with government in the United States by considering everyday life?
Your interactions with the government and your contacts are both connected to the economy in some way. You awaken at seven in the morning thanks to the alarm on your phone. The FCC controls how you can use your phone. And the E. P. A. measures the specific environmental effects of lithium batteries. Eat your breakfast, Food consumption is governed by the Department of Agriculture. The FDA similarly assesses the safety of foods using drug-based criteria. Let's say you drive to work at nine in the morning. The roads are governed by the Department of Transportation. The FCC, as well as the FBI and the Department of Homeland Security, which oversees threats from cyberterrorism, govern the internet that you use at work. All of these things are governed by the Department of Commerce since the commerce clause subjects commodities and commerce to Congressional inspection. Let's say you buy lunch at noon. You learn about taxes for the first time at that time, and there are also state sales taxes. Excise taxes apply if you buy alcohol or smoke. This is just a brief preview, I guess. I've already interacted with 20 federal agencies five hours into the day.
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In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses.
he decrease in auto sales impacts GDP because new automobiles are counted as consumption when purchased by households and investment when purchased by businesses.
What is the impact of the decline in auto sales?Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Consumption spending includes spending by households on goods and services. Consumption spending includes :
spending on durables - e.g. laptop spending on nondurables - e.g. clothes, foodspending on services - e.g. payment of hospital billInvestment includes purchases of goods and services made by businesses in the production of goods and services
Here are the options:
investment; consumption
durable goods; nondurable goods
nondurable goods; durable goods
consumption; investment
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If you were told that the exchange rate was 1.2 Canadian dollars per U.S. dollar, a watch that costs $12 US dollars would cost
If the exchange rate was 1.2 Canadian dollars per US dollar, a watch that costs $12 US dollar would cost 14.4 Canadian Dollars.
What is Exchange Rate?An exchange rate is the currency difference that two different currencies have this rate converts one currency into another. There are countries whose currency is high and there are small countries whose currency is too low, exchange rate helps to convert currency.
1 US Dollar is equal to 1.2 Canadian Dollars, while calculating the cost of watch we need to multiply the US dollars with the exchange rate given to get the amount in Canadian Dollars.
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At the end of 2013, Company B has retained earnings of $13,500,000. During 2014 the company earns pre-tax income of $7,000,000. Historically, the company has not paid dividends. However, in December, 2014, the company announces a change in dividend policy whereby beginning in 2015 it will pay $0.15 per share on 3,000,000 outstanding shares, to be paid in January, 2015. The company has a marginal tax rate of 40% and a corporate tax rate of 30%. What is Company B's retained earnings at the end of 2014
Company B's retained earnings at the end of 2014 is $17,250,000.
Retained earningsUsing this formula
Retained earnings=Retained earnings +Pre-tax income×(1-Marginal tax rate)-Price per share× Outstanding shares
Let plug in the formula
Retained earnings=$13,500,000+($7,000,000× (1 - 40%))- ($0.15 × 3,000,000)
Retained earnings=$13,500,000 + $4,200,000- $450,000
Retained earnings= $17,250,000
Therefore Company B's retained earnings at the end of 2014 is $17,250,000.
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The ______ makes it illegal to send unsolicited commercial solicitations via fax without the recipient's permission or an established relationship.
The Junk Fax Prevention Act of 2005 makes it illegal to send unsolicited commercial solicitations via fax without the recipient's permission or an established relationship.
In 2005, the Junk Fax Prevention Act amended TCPA to allow senders to send unsolicited fax junk mail to individuals and companies with which they have established business relationships and to allow senders to send such junk mail. provided a process for opting out of It is necessary to adjust the mail service according to your request. On April 5, 2006, the European Commission passed legislation to implement the Junk Fax Prevention Act.
In particular, European Commission regulations at 47 CFR §64.1200 require the sender of a fax commercial to obtain the recipient's permission before sending a fax. Fax senders must also include a notice and contact information with the fax that allows the recipient to opt out of future fax transmissions from the sender. Compliant.
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