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3 years ago

The phrase "invisible hand" means that:

Business

1 answer:

never [62]3 years ago

4 0

Answer:

The correct answer is letter "B": The tendency of competition to cause individuals and firms to unintentionally promote the interests of society.

Explanation:

In his book "<em>An Inquiry into the Nature and Causes of the Wealth of Nations</em>" (1776), British economist Adam Smith (1723-1790) introduced the term "invisible hand" to refer that economic factors (buyers and sellers) naturally influence in the fluctuations of supply and demand without the need for the intervention of the government.

According to Smith, buyers and sellers interactions act as an "invisible hand" arranging proper levels of competition between businesses and promoting the best interest of societies.

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JDD Corporation provides the following benefits to its employee, Ahmed (age 57): Salary $ 307,000 Health insurance 15,400 Dental

Vesna [10]

Answer:

His after-tax benefit of receiving each of these benefits are as follows:

After-tax benefits of taxable items = $410,292

Non taxable benefits:

Health insurance = $15,400

Dental insurance = $4,800

Non taxable premium = $830

Dependent care = $4,500

Professional dues = $1,400

Explanation:

Life insurance = 4,200

Group-term life insurance coverage = $253,00

Amount of premium exempted from tax by law =$50,000

Non taxable premium = (Amount of premium exempted from tax by law / Group-term life insurance coverage) * Life insurance = ($50,000 / $253,000) * 4,200 = $830

Taxable premium = Life insurance - Non taxable premium = $4,200 - $830 = $3,370

Therefore, we have:

Taxable benefits = Salary + Personal use of company jet + Taxable premium = $307,000 + $293,000 + $3,370 = $603,370

Income tax on benefits = Taxable benefits * Marginal tax rate = $603,370 * 32% = $193,078

After-tax benefits of taxable items = Taxable benefits - Income tax on benefits = $603,370 - $193,078 = $410,292

Therefore, his after-tax benefit of receiving each of these benefits are as follows:

After-tax benefits of taxable items = $410,292

Non taxable benefits:

Health insurance = $15,400

Dental insurance = $4,800

Non taxable premium = $830

Dependent care = $4,500

Professional dues = $1,400

6 0

3 years ago

Vending machines are no longer limited by the need for cash. In Japan, South Korea, and the Philippines, consumers use mobile ph

Lemur [1.5K]

Answer: Information Utility

Explanation: it helps customers to access information on their buying activity and gives them information available on their buying options

4 0

3 years ago

The process of identifying prospective buyers, understanding them intimately, and developing favorable long-term favorable perce

AlladinOne [14]

The term "customer relationship management"is the process of identifying prospective buyers while understanding them to build a long-term favorable perceptions of the firm

<h2>What is customer relationship management?</h2>

CRM means a business process that helps in understanding the behavior of customers for purpose of serving them in best possible way.

In conclusion, the "customer relationship management"is the process of identifying prospective buyers while understanding them to build a long-term favorable perceptions of the firm.

Read more about CRM

<em>brainly.com/question/4310845</em>

4 0

2 years ago

__________ are inputs used by organizations. Group of answer choices Raw materials Trademarks Incentives Contingencies Esprit de

asambeis [7]

Raw materials are inputs used by organizations

<h3>What are raw materials?</h3>

They are some of the inputs used to produce an output or products in an organization.

They are products are required by company ] to generate a profit by selling.

Therefore, Raw materials are inputs used by organizations

Learn more on raw materials from

brainly.com/question/511243

3 0

2 years ago

Which of the following events is not recorded in the accounting records? Entry field with incorrect answer now contains modified

anygoal [31]

Answer:

An employee is terminated.

Explanation:

All the transactions, in a company or organisation are recorded in financial statements of the company.

For this each transaction having some numerical value, that has a monetary effect on the organisation is identified.

In the given case,

purchase of equipment will involve direct monetary effect as cash will be paid, asset will be increased, etc:
cash investment made, will again require cash outflow, and is presented as monetary in nature.
Declaration of cash dividends gives existence to a liability called dividend payable, or scrips payable, and is thus, recorded in books.
The termination of employee does not itself involve any direct monetary effect. As, the payment made or realized from such termination will be recorded in financial statements.

5 0

3 years ago