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2 years ago

Features of wealth definition 10

Business

1 answer:

Kay [80]2 years ago

5 0

<h2><em>Features of wealth :-</em> </h2>

<h3>The following are the characteristics of wealth: </h3>

<em><u>Increased stress on wealth</u></em>: This definition presented considerable value to the nature of money in the economy. According to some economists, the economic success of any country depends on the accumulation of wealth.

<h3 />

<em><u>Examining the Nature of Money:</u></em> According to this definition, economics is also divided with the investigation of the circumstances that led to the creation of wealth.
<em><u>Research on the Nature of Wealth:</u></em> According to this definition the wealth of a nation consists only of physical products.
<em><u>Economic Man: </u></em>This theory states that an economic man converges on his personal goal, that is to earn money

<h3> </h3><h2>Hope it helps.......</h2><h2>STAY SAFE, STAY HEALTHY AND BLESSED.</h2><h2>HAVE A GOOD DAY</h2><h2>THANK YOU</h2><h3>#Jennifer</h3>

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Many corporations allow CEOs to use their firm's corporate jet for personal travel. The Internal Revenue Service (IRS) require

Margaret [11]

Answer:

The explicit cost of flight includes cost of fuel, maintenance cost, payment to pilot.

Explanation:

The explicit costs are the direct costs incurred during the process of production or business. Here, the payments made to the pilot will be a variable cost, the cost of fuel, etc will be explicit cost.

The marginal explicit cost is the increase in the explicit cost with an additional output. The incremental cost of flight correctly determines the marginal explicit cost.

Opportunity cost is the cost of sacrificing the alternative. Here, the marginal opportunity cost will be the revenue that the firm would have earned by renting the flight to other firms or individuals.

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3 years ago

qzuilet which of the following best describes upics? a. upics are federally funded. b. upics are paid by grant monies. c. upics

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Private businesses are employed by CMS as the Unified Program Integrity Contractor (UPIC).

<h3>What is a UPICs used for?</h3>

Investigating instances of alleged fraud, waste, and abuse in Medicare or Medicaid claims is UPIC's main objective. They conduct early and prompt investigations and act right away to prevent the improper payment of funds from the Medicare Trust Fund.

<h3>What role do Medicaid Integrity Contractors (MICs) play in society?</h3>

CMS has agreements with organizations called Audit Medicaid Integrity Contractors (Audit MICs) to carry out post-payment audits of Medicaid providers. The primary objective of provider audits is to find overpayments and ultimately reduce the payment of erroneous Medicaid claims.

To know more about Centers for Medicare and Medicaid Services visit: brainly.com/question/14293469

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1 year ago

Copper Corporation owns stock in Bronze Corporation and has net operating income of $900,000 for the year. Bronze Corporation pa

kow [346]

Answer:

C) $120,000

Explanation:

Since Copper corporation owns 65% of Bronze Corporation, its dividends received deduction (DRD) is 80% of the dividends received.

stake at another corporation is less than 20%, DRD = 70%
stake at another corporation is between 20% to 80%, DRD = 80% (Copper's case)
stake at another corporation is higher than 80%, DRD = 100%

Therefore, if Copper received $150,000 in dividends from Bronze, it can deduct 80% of that amount = 80% x $150,000 = $120,000

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3 years ago

Khrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning

zloy xaker [14]

Answer: A.) $32.64 per machine hour

Explanation:

Given the following :

Estimated machine hours = 41,000 machine hours

Estimated variable manufacturing overhead = $4.16 per machine hour

Estimated total fixed manufacturing overhead = $1,167,680

Total Estimated manufacturing overhead :

(Estimated total variable manufacturing overhead + Estimated total fixed manufacturing overhead)

Estimated total variable manufacturing overhead:

$4.16 × estimated hours

= $4.16 × 41,000

= $170560

Total Estimated manufacturing overhead :

$170560 + $1,167,680 = $1338240

Hence,

Predetermined overhead rate :

Total Estimated manufacturing overhead / estimated hours

= $1338240 / 41000

=$32.64

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3 years ago

On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,000. Jarden prepares a sche

ahrayia [7]

Answer and Explanation:

a. The required balance of allowance for doubtful debts is shown below:

Particulars Account receivable % Estimated uncollectible

Not yet due $860,000 1.20% $10,320

1 to 30 days $344,000 1.95% $6,708

31 to 60 days $68,800 6.45% $4,438

61 to 90 days $34,400 32.50% $11,180

Over 90 days $13,760 67.00% $9,219

Estimated balance $41,865

b. The adjusting entry is

Bad debt expense Dr ($41,865 - $14,000) $27,865

To Allowance for doubtful debts $27,865

(being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful debts as it decreased the assets

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3 years ago