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3 years ago

7

Sam, who is 55 years old and has been a steel worker for 30 years, is unemployed because the steel plant in his town closed and

moved to mexico. sam is experiencing:

1 answer:

Aleksandr-060686 [28]3 years ago

6 0

Short term memory lost

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How would you define a business plan?

vekshin1

A business map is an essential roadmap for business success.

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3 years ago

4. Firm E must choose between two alternative transactions. Transaction 1 requires a cash outlay of $9,000; this expense would b

Pie

Answer:

a. Transaction 1

It is not deductible so the Taxable income is $9,000

Transaction 2

It is deductible, taxable income would be;

= 13,500 * ( 1 - Tax)

= 13,500 * ( 1 - 20%)

= $10,800

b. Transaction 1

It is not deductible so the Taxable income is $9,000

Transaction 2

It is deductible, taxable income would be;

= 13,500 * ( 1 - Tax)

= 13,500 * ( 1 - 40%)

= $8,100

8 0

3 years ago

Suppose the state of Wyoming passes a law that increases the tax on cigarettes. As aresult, smokers who live in Wyoming start pu

fomenos

Answer:

a. People respond to incentives.

Explanation:

Assuming the state of Wyoming passes a law that increases the tax on cigarettes thereby causing smokers who live in Wyoming to start purchasing their cigarettes in surrounding states.

Consequently, an increase in the tax on cigarettes altered the behavior of the smokers in Wyoming, it made them to purchase from neighboring states.

This illustrates or reflect the fact that people respond to incentives.

6 0

4 years ago

The Crunchy Potato Chip Company sells chips in boxes with a net weight of 846 grams per box . Each box contains ten individual 3

Alinara [238K]

Answer:

0.8

Explanation:

Given:

Number of chips contained in each box = 10

Weight of each packet of chips = 3 ounce

Average weight per box = 853 grams

Upper specification limit of the weight = 846 + 12 grams = 858 grams

Lower specification limit of the weight = 846 - 12 grams = 834 grams

Standard deviation, σ = 5 grams

Now,

Capability index = $\frac{\textup{Upper limit - Lower limit}}{6\sigma}$

or

Capability index = $\frac{858 - 834}{6\times5}$

or

Capability index = 0.8

7 0

3 years ago

The Jamesway Corporation had the following situations on December 2021.On December 10, 2021, Jamesway received a $4,000 payment

hjlf

Answer:

Date Particulars Debit Credit

Deferred Service Revenue A/c $4,000

To Revenue A/c $4,000

(Being Revenue recognized)

Advertisement Expense A/c $2,600

To Prepaid Advertisement A/c $2, 600

(Being expense recognized)

Employees Salaries A/c $16,000

To Outstanding Employees Salaries A/c $16,000

(Being expense & liability recorded)

Interest expense A/c $1,600

To Interest Liability A/c $1,600

(Being Interest expense & Liability for the

month September to December recorded)

Assumptions & Working notes:-

i) Since service is performed in the same financial year revenue is transferred from deferred revenue account to revenue account.

ii) Since 20 advertisements shown in the month of December only so expense related to those 20 is recognized in the month of December and remaining in the month of January.

$5,200/40*20 = $2,600

iii) Since salaries are paid in month of January but this is the expense for the month of December we recorded above entry.

iv) Interest Expense for months September to December is recorded and corresponding liability is created.

($60,000 * 8%) / 12 * 4 = $ 1,600

6 0

3 years ago