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2 years ago

The Global Economy Unit Test

Business

1 answer:

lina2011 [118]2 years ago

6 0

The measure used to assess aspects of a population's health is infant mortality rate.

<h3>What is population?</h3>

Population refers to the total number of people residing in a particular area in a given period of time.

It is the collection of individuals or a group of people with a common characteristic.

Hence, the measure used to assess aspects of a population's health is infant mortality rate.

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Which of the following is true of applications for employment?

Arlecino [84]

Answer:

B. The form will ask if an applicant can legally work in the United States.

Explanation:

Applications for employment in the United State of America is sometimes rigorous and sometimes easy. Nevertheless, each process involves filling a form that inquire if an applicant can legally work in the United States or not.

The purpose of this form us to ascertain if the the applicant is a citizen of the United States or is legally authorised to work in the United State of America.

8 0

3 years ago

The Morgan Company, a small furniture manufacturer, divides its organization into marketing, human resources, accounting, and pr

xxMikexx [17]

Answer: Function

Explanation:

The Morgan Company have put in place departmentalization by function, where seperate departments/units are formed in the organisation based on the function they perform. The departmentalization by function ensures each department of an organization is focused on a certain role, with each department of the organization Performing their role in such a way that the organizations objectives are met.

8 0

3 years ago

The following information is from Amos Company for the year ended December 31, 2019. Retained earnings at December 31, 2018 (bef

Tems11 [23]

Answer:

$1,017,400

Explanation:

Particulars Amount

Retained earnings December 31st, 2018 $858,000

<u>Prior period adjustment</u>

Depreciation expense error -<u>$42,600</u>

Adjusted retained earnings December 31st, 2018 $815,400

Add: Net income $220,000

Less: Dividend -<u>$18,000</u>

Retained earnings December 31st, 2019 <u>$1,017,400</u>

6 0

3 years ago

In 2021, Carson is claimed as a dependent on his parents' tax return. His parents report taxable income of $200,000 (married fil

serg [7]

Carson's tax liability for 2021 as a 23-year full-time student, who earns from the summer internship and part-time job and receives a qualified dividend is $645.

<h3>What is tax liability?</h3>

Tax liability refers to the amount that a taxpayer is obliged to pay.

The tax liability is a function of the taxpayer's taxable income, tax bracket, deductions, and applicable tax rate.

In this case, we have assumed a flat tax rate of 10% for both Carlson's earned income and the dividend income.

<h3>Data and Calculations:</h3>

Earned income = $14,000

Qualified Dividend income = $5,000

Adjusted taxable income = $6,450 ($19,000 - $12,550)

Tax liability = $645 ($6,450 x 10%)

Thus, Carson's tax liability for 2021 is $645.

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4 0

2 years ago

A factory in germany produces millions of auto parts a year, and has been able to reduce its costs per unit as it increased its

alexdok [17]

A German business that makes millions of vehicle parts annually was able to lower its cost per unit as it boosted production. This serves as an example of the idea of economies of scale.

Cost advantages that businesses enjoy when production becomes efficient are known as economies of scale. By increasing production and reducing expenses, businesses can attain economies of scale. Costs are divided among more products, which causes this. Costs come in fixed and variable forms.

When it comes to economies of scale, the size of the business typically matters. Cost savings increase with business size. Both internal business and external economies of scale are possible. While external economies of scale are influenced by outside causes, internal ones are based on management choices.

Economies of scale result in cheaper per-unit costs for a variety of reasons. Production volumes are first increased through worker specialization and better technological integration. Additionally, decreased per-unit prices may result from larger advertising purchases, bulk orders from suppliers, or lower startup costs. Third, cost reduction is aided by dividing internal function costs among a greater number of manufactured and sold units.

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4 0

2 years ago