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3 years ago

If a culture is described as valuing harmony, interdependence, fitting in, and social responsibility, it is likely:

2 answers:

defon3 years ago

7 0

It most likely practices a collectivist culture. This type of culture strongly emphasizes on the workgroup and family goals instead of individual desires or needs. Kinship is important in the collectivist culture. People work hand in hand to create harmony and cohesion.

aliina [53]3 years ago

7 0

Answer: collectivist culture

Explanation: collectivist culture is described as valuing harmony, interdependence, fitting in, and social responsibility. In such cultures, relationships with other employees or members play an important role in each person's identity. In this prioritization of the group is given over individual growth. An important characteristic Social rules focus on promoting selflessness and putting the community needs ahead of individual needs. Families as well, play a vital role in this kind of culture.

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Flint Corporation is subject to a corporate income tax only in State X. The starting point in computing X taxable income is Fede

scZoUnD [109]

Answer:

b. $790,000.

Explanation:

The computation of the taxable income for X purpose is shown below:

Federal Taxable income $750,000

Add: Deduction for state income taxes non-deductible $50,000

Less: Interest on federal obligations i.e. deductible $10,000

Taxable income $790,000

Hence, option b is correct

7 0

3 years ago

Eneri Company's inventory records show the following data: Units Unit Cost Inventory, January 1 10,000 $9.20 Purchases: June 18

slavikrds [6]

Answer:

d. $169,200

Explanation:

Total units available for sales = Beginning units + Purchases = 10,000 + 9,000 + 6,000 = 25,000 units

Number of units sold = Total units available for sales - Ending units = 25,000 - 4,000 = 21.000 units

Using LIFO method, cost of good sold can be calculated as follows:

Cost of good sold = (6,000 × $7.00) + (9,000 + 8.00) + (6,000 × $9.20) = $42,000 + $72,000 + $55,200 = $169,200.

Therefore, the cost of goods sold under the LIFO method is $169,200.

6 0

3 years ago

Kai operates the Surf Shop in Laie, Hawaii, which designs, manufacturers, and customizes surf boards. Hawaii has a hypothetical

prohojiy [21]

Answer:

Explanation:

According to the Kai surf shop in Laie, Hawaii, below is the computation of sales and use tax of surf shop that must collect or remit.

Kai doesn't have a sales tax nexus with Utah, therefore it will not have any sales tax liability. Instead, Kalani will have a tax liability in Utah that will be $63($1000 x 6.85%).

kai will have a tax liability of $83($2000 x 4.166%) Also, Nick will have use tax liability of $87[($2000 x (9% - 4.166%)].

Kai doesn't have a sales tax nexus with Michigan, therefore it will not have sales tax liability. Instead, Jim will have a use tax liability in Michigan will be $140($2000 x 6%)

Sales and use tax is not imposed on sale of services. Therefore, neither Kai nor Scott will have any sales or use tax liability.

7 0

3 years ago

Price elasticity of demand refers to the ratio of the:

Rudiy27

The ratio of the percentage change in the quantity demanded of a good to a percentage change in its price refers to the price elasticity of demand.

<span>To add, price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price, ceteris paribus.</span>

8 0

3 years ago

Grimes Foods produces a gourmet salsa which sells for $28 per unit. Variable costs are $8 per unit, and fixed costs are $7,000 p

xxTIMURxx [149]

Answer:

C) $32,200

Explanation:

The computation of the margin of safety is shown below:

= Expected sales - break even sales

where,

Break even point = (Fixed cost) ÷ (Contribution margin Ratio)

The Contribution margin per unit = Selling price per unit - Variable expense per unit

= $28 - $8

= $20

And, Contribution margin = (Contribution margin per unit) ÷ (selling price per unit) × 100

So, the Profit volume ratio = (20) ÷ (28) × 100 = 71.43%

And, the fixed expenses is $7,000

Now put these values to the above formula

So, the value would equal to

= (7,000)÷ (71.43%)

= $9,800

And,

Expected sales = Selling price per unit × Unit sales per month

= $28 × 1,500 units

= $42,000

And, the break even sales is $9,800

Now put these values to the above formula

So, the value would equal to

= $42,000 - $9,800

= $32,200

5 0

3 years ago