Shimmer Incorporated is a calendar-year-end, accrual-method corporation. This year, it sells the following long-term assets: Asset Sales Price Cost Accumulated Depreciation Building $ 737,000 $ 718,000 $ 44,000 Sparkle Corporation stock 168,000 231,000 n/a Shimmer does not sell any other assets during the year, and its taxable income before these transactions is $879,000. What are Shimmer's taxable income and tax liability for the year
Shimmer Incorporated's taxable income is $879,000 and the tax liability for the year is $184,590 at a 21% corporate tax rate.
Data and Calculations:
Asset Sales Price Cost Accumulated Capital Gain
Depreciation or (Loss)
Building $ 737,000 $ 718,000 $ 44,000 $63,000
Sparkle Corporation stock 168,000 231,000 n/a ($63,000)
Net Capital Gain or (Loss) = $0
Taxable income before capital gain transactions = $879,000
Add net capital gain or (loss) = $0
Adjusted taxable income $879,000
Tax liability (21%) = $184,590 ($879,000 x 21%)
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What direction of change in velocity could explain the price level increasing by a smaller percentage than the money supply? What would this change in velocity imply about the frequency with which money changes hands?
1. A direction of change in velocity that explains an increase in price level by a smaller percentage than the money supply is: A decrease in velocity.
2. An effect of this change in velocity (decrease) with respect to the frequency with which money is exchanged (changes hands) is that: A decline or decrease in velocity simply means that money changes hands less frequently.
What is money?
Money can be defined as a recognized economic unit that is generally accepted by the people as a medium of exchange for goods and services, as well as repayment of debts such as loans and taxes across the world.
Hence, money is a financial asset that is typically used for the purchase of goods and services.
What is the velocity of money?
The velocity of money refers to a measure of the rate at which money is being used by consumers for the purchase of goods and services.
Basically, the velocity of money can be used to achieve the following:
Measure the economic and financial health of a country.Measure the rate at which money is being exchanged (changes hands).Measure the circulation of money in an economy.Mathematically, the velocity of money is calculated by using this formula:
[tex]V = \frac{PY}{M}[/tex]
Where:
P is the price level.M is the quantity of money.Y is the level of production or quantity of output.Generally, an increase in price level by a smaller percentage than the quantity of money supplied represents a decrease in the velocity of money. Also, an effect of a decrease in velocity with respect to the frequency with which money is exchanged (changes hands) simply means that money changes hands less frequently.
In conclusion, the frequency with which money is exchanged (changes hands) should be equal to the quantity of money in an economy multiplied by the average number of times each unit of currency (money) is being spent by the people living in a country.
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When decisions in forecasting are at a broader, higher level (as when introducing a new product line or concerning strategic product decisions such as new marketing areas), the term is generally used.
Answer:
executive judgment
Explanation:
when one department store authorized thousands of its sales clerks to handle functions normally reserved for store managers, such as handling merchandise-return problems and approving customers’ checks, the store implemented a job ________ technique.
Job enrichment is simply known as a way of motivating employees through job been designed to have interesting and challenging tasks. The store implemented a job enrichment technique
Job enrichment often widen the scope of task set that an individual want to perform, and the skills that the individual can develop.It makes for more interesting and interesting work, and gives variety, challenge and depth to your daily work.
It add dimensions to existing jobs to make it more interesting.
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what famous type of cryptocurrency was recently valued at more than $64,000 per unit, though its value has fluctuated wildly in the past?
The famous cryptocurrency that was recently valued at the staggering amount of $64,000 is Bitcoin.
Bitcoin:
Is the most popular cryptocurrency there is Has had its value fluctuate wildly in the past Was recently valued at $64,000.Bitcoin was the first cryptocurrency and has seen its value change wildly in the past due solely to the forces of supply and demand. It is however going strong at the moment.
In conclusion, the crypto described is Bitcoin.
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A listing of all possible returns on an investment, with a chance of occurrence assigned to each return is known as _____.
Four companies have each issued $6 million in bonds. Which company will have the lowest balance in a contra account, without having a zero balance, assuming this is the first bond issuance for all four companies
The company with the lowest balance in a contra account (Bonds Discounts) is A Company 2, which sold their bonds at 94.
Data and Calculations:
Co. 1 Co. 2 Co. 3 Co. 4
Face value of bonds $6,000,000 $6,000,000 $6,000,000 $6,000,000
Selling rate 99 94 101 105
Proceeds from bonds $5,940,000 $5,640,000 $6,060,000 $6,300,000
Premium / (Discounts) ($60,000) ($360,000) $60,000 $300,000
Company 1's balance in the contra account (Bonds Discounts) is $60,000, Company 3's is $60,000 (Bonds Premium), while Company 4's balance is $300,000 (Bonds Premium).
Thus, the company with the lowest balance in a contra account is A.
Options:
A. Company 2, which sold their bonds at 94
B. Company 4, which sold their bonds at 105
C. Company 1, which sold their bonds at 99
D. Company 3, which sold their bonds at 101
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chevron placed an ad with copy reading protecting the planet is everyones job we agree that encouraged consumers to use renewable energy which type of advertising was chevroon using
The type of advertising used by Chevroon that encouraged consumers to use renewable energy was Call-to-action marketing, which refers to using phrases that create a sense of urgency and drive consumers to action.
The Call-to-action (CTA) marketing strategy can be understood as a direction to action, that is, the organization will encourage the consumer to act in a certain way according to its advertising.
Some examples of CTA can be through the use of some jargon such as:
Read more.Buy now.Protect the planet.Therefore, this is a strategy that an organization uses to convert sales, attract and retain consumers, through incentives for the consumer to perform an action.
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Which starbucks stores are participating in free red cup?
The Seattle-based coffee chain is giving away free limited-edition reusable red cups Thursday to customers who order a handcrafted holiday or fall beverage at participating U.S. stores, while supplies last. This year's reusable cup is made with 50% recycled content to honor the chain's 50th anniversary, Starbucks said.
HELPPPP ASAP GIVING BRAINLESS IF THE ANSWERS ARE CORRECT.
Use these words to answer the questions:
raw material, social, decision making, economic, labour, unemployment, personalized
composers in the classical period took middle-class tastes into account by
Swifty Corporation plans to introduce a new product and is using the target cost approach. Projected sales revenue is $850500 ($4.05 per unit) and target costs are $821250. What is the desired profit per unit
Based on the information given the desired profit per unit is $0.14 per unit.
First step is to find the unit using this formula
Units=Target sales revenue / Target selling price per unit
Units=$850500 / $4.05
Units =210,000
Second step is to calculate the desired profit per unit using this formula
Desired profit per unit=Target selling price per unit - (Target costs / Units)
Desired profit per unit=$4.05-($821250 / 210,000)
Desired profit per unit=$4.05- $3.91
Desired profit per unit=$0.14
Inconclusion the desired profit per unit is $0.14 per unit.
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why does it have to have a limit
marketing strategies for the business-to-business market
It is a fact that marketing strategies for a firm in a business to business market a. differ from consumer marketing strategies because the nature of the buyers is different
Business to business market:
Involves businesses that primarily sell their goods to other businessesIs usually dominated by intermediate goodsIn a business to business market, the buyers are other businesses which means that they are different from consumer markets where buyers are consumers. For this reason, marketing strategies must be tailored to other businesses instead of consumers.
In conclusion, marketing strategies here are different from consumer markets.
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Market Penetration Strategy.
Market Development Strategy.
Product Development Strategy.
Diversification Strategy.
the redwood company determined that its balance in its accounts receivable account represented 23% of total assets and that cost of goods sold represented 38% of total revenue. these findings are the result of
Considering the situation described above, these findings are the result of "Vertical Analysis."
This is because Vertical Analysis is a form of analysis conducted in a business firm to express their financial statements.
It is written or described in percentages or proportional calculation.
In vertical analysis, the items on the documents are represented as a percentage of another item, such as accounts receivable account represented 23% of total assets and that cost of goods sold represented 38% of total revenue.
Hence, in this case, it is concluded that the correct answer is "Vertical Analysis."
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When 100% peak effort from the most skilled and efficient workers is assumed, the direct labor hours required per unit is being set using
Answer:
ideal
Explanation:
When 100% peak effort from the most skilled and efficient workers is assumed, the direct labor hours required per unit is being set using ideal method.
What is term direct labor hour about?The term direct labor hour refers to as a number of direct labor that are required for production in a manufacturing unit.
A specific task is being assigned to the direct labor, Based on their assigned task the wages of particular labor is calculated.Workers who finish by the time they are supposed to are paid higher.
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Danielle belongs to a temporary team that was created to resolve a specific issue and then disband at a later date. Danielle belongs to a _____ team.
Problem-solving team are known to be people or members of a team from the same department that's involved in efforts to improve work activities. Danielle belongs to a problem solving team.
Members of a problem solving team often share ideas or offer suggestions on how work processes and methods can be improved.
Problem solving is is a vital part of business. It is said as working through difficulties and overcoming challenges. It entails finding solutions helps us to excel and advance forward.
It is known to help company understand the right approach to problem solving and also to work smarter.
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What is the allowance provided to an employee (salon manager) in charge for a full week?
Answer:
$44.98 per week
Explanation:
This allowance is based on a working condition or a disability as part of working a shift.
Leah wants to get a home loan from her bank. Which agency would regulate that loan to ensure it is fair? FDA- Food and Drug Administration SEC- U. S. Securities and Exchange Commission CFPB- Consumer Financial Protection Bureau FCC- Federal Communications Commission.
When a person wants to get a loan from a bank, the agency that ensures they are protected is the CFPB- Consumer Financial Protection Bureau .
The Consumer Financial Protection Bureau:
Was created to protect the public when they seek loans Enforces financial laws aimed at keeping the financial industry fairThe CFPB is therefore the agency that will look into Leah's loan to make sure that she is being treated fairly and is not being charged too much interest.
In conclusion, the agency is the Consumer Financial Protection Bureau.
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C. CFPB- Consumer Financial Protection Bureau
Which organizational pattern puts emphasis on the benefits of the speaker's policy in comparison to the alternatives but is based on a problem-solution structure
Organizations often have various patterns in which they run their day to day activities. The organizational pattern puts emphasis on the benefits of the speaker's policy is Comparative advantage.
Comparative Advantages is simply known to be the final process for putting together a persuasive speech is calledThe goal of this organization pattern is aimed to compare items while placing them side-by-side and show why a product is more better than the other.
It is often used by people, speaker, organization when comparing two things
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The short-run aggregate supply curve has a(n) ________ slope because as prices of ________ rise, prices of ________ rise more slowly.
According to macroeconomic principle, the short-run aggregate supply curve has a Positive slope because as prices of final goods and services rise, prices of inputs rise more slowly.
This is based on the idea that the short-run aggregate supply curve shifts by changes in price level and production.
Thus, the Short-run aggregate supply curve is represented as Y = Y* + α(P-Pe).
Here, Y => the production of the economy;Y* => the natural level of production, and the coefficient is positive;P => the price level;Pe => the expected price level.Hence, in this case, it is concluded that the short-run aggregate supply curve is a significant detail to be noted in the economic analysis of business production.
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Select the best answer: A Notary Signing Agent wants to stand out from other NSAs by guaranteeing to borrowers and contracting companies that all of her loan signings will take 30 minutes or less. This is:
A Notary Signing Agent are often regarded as loan processing officers. This is permissable as long as it is not stated as a guarantee and Prohibited if it is stated to be a guarantee.
Rotary signing agent as part of a loan process officers are hired as an independent contractor in making sure that loan documents are worked on to by the borrower and them it will be returned on time after it has been notarized.
The notary signing are prohibited from engaging in the activities below:
They are not permitted to give legal advice of any kind.*They are also not permitted to guarantee the duration of how long a loan signings will take.Conclusively they are only given right to give the time how long the signings will take to the borrowers, only he or she is not putting it out as a guarantee.
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List 5 Entrepreneural qualities
Explanation:
resolute motivation and passion, creative thinking, self discipline, risk taking ability, and persistence
Inflation can be calculated in terms of how the overall cost of ___________________ changes over time. all goods the basket of goods all goods and services all services
One way that inflation can be calculated is how overall cost of all goods and services experience a change with respect to time.
Inflation can be regarded as a rate of increase in prices of goods as well as services in a given period of time.To measure this then the overall goods and services must be considered and how it changes in price with time.Therefore, Inflation are measured with time.
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Answer:all goods the basket of goods all goods and services all services
Explanation:
In an insurance contract, the insurer is the only party who makes a legally enforceable promise. What kind of contract is this
Answer:
Unilateral Contract
Explanation:
Emilio and Dylan are studying the strengths and weaknesses of their construction business, Construction Concepts, as well as researching the opportunities and threats in the external environment. They are conducting a Multiple Choice SWOT analysis. synergy plan. contingency plan. forecast.
Based on the study which Emilio and Dylan are doing where they study the strengths and weaknesses of their construction business, they are conducting:
A. SWOT analysisAccording to the given question, we are asked to state the name of the study which Emilio and Dylan are doing where they study the strengths and weaknesses of their construction business, they are conducting.
As a result of this, we can see that Emilio and Dylan are actually conducting a SWOT analysis because they are making research to find out the feasibility of the business they want to engage in.
Therefore, the correct answer is option A
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Anusha brings a $20 bill to the store. She purchases 4 pairs of socks for $2. 25 each and a new belt for $7. 50. How much change will Anusha receive when she pays for her clothes? $3. 50 $7. 50 $9. 00 $16. 50.
Answer:
£3.50
Explanation:
4 times 2 = 8
0.25 times 4 = 1
20 - 8 - 1 - 7.50 = 3.50
Location is very important in the marketing of __________ because consumers desire to purchase these goods with a minimum of shopping effort.
Answer:
Services
Explanation:
I think is services
Tshering enterprise limited is planning to increase its sale by 30% in the next quarter.Identify the feature of management hight-lighted in the given statement.
Answer: management is a goal oriented process
a productivity index of 110% means that a company’s labor costs would have been 10% higher if it had not made production improvements. assume that digby had a productivity index of 112% and that baldwin had a productivity index of 103%. now refer to the income statements in the annual report for digby and baldwin. using the labor costs shown in the income statements, how much more did digby save in direct labor costs compared to baldwin by having a higher productivity index?
Digby saved 9% in direct labor costs compared to Baldwin by having a higher productivity index.
Given that a productivity index of 110% means that a company's labor costs would have been 10% higher if it had not made production improvements, assuming that Digby had a productivity index of 112% and that Baldwin had a productivity index of 103%, to determine how much more did Digby save in direct labor costs compared to Baldwin by having a higher productivity index, the following calculation should be performed:
112 - 100 = 12 103 - 100 = 3 12 - 3 = 9
Therefore, Digby saved 9% in direct labor costs compared to Baldwin by having a higher productivity index.
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