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3 years ago

Why would deca, an international association of marketing students, be classified as a nonprofit organization?

1 answer:

5 0

It functions like a business but uses the money it makes to fund the cause identified in its charter. The student organization does not make any profits on their activities and instead donates them to charity.

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In Country X a returning tourist may import goods with a total value of $500 or less tax free, but must pay an 8 percent tax on

Morgarella [4.7K]

Answer:

$18.4

Explanation:

Data provided in the question:

Maximum value on which there is no tax = $500

Tax paid on the portion of the total value in excess of $500 = 8% = 0.08

Total value of the goods imported by the returning tourist = $730

Now,

The excess amount of portion on which the tax will be charged

= Total value of the goods imported - Maximum value on which there is no tax

= $730 - $500

= $230

Therefore,

@8% tax rate

Total tax that must be paid on excess portion i.e $230

= $230 × 8%

= $230 × 0.08

= $18.4

7 0

4 years ago

Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 43,000 hours of production in the Weav

stich3 [128]

Answer:

a. Controllable Variance = 3,800 (Favorable)

b. Volume Variance = 21,600 (Unfavorable)

Explanation:

a. Controllable Variance

Actual variable factory Overhead( 251,800 - 102,600) 149,200

Standard Variable factory Overhead at actual Production

Standard Hours at actual Production (A) 45,000

Variable Factory overhead Rate (B) 3.4

(146,200/ 43,000)

Standard variable factory Overhead (A*B) 153,000

Controllable Variance 3,800 F

b. Fixed factory Overhead volume variance

Volume variance:

Volume at 100% of normal capacity 57,000

Less: Standard hours 45,000

12,000

Fixed Overhead rate (B) (102,600/ 57,000) 1.8

Volume Variance (A*B) 21,600 (Unfavorable)

5 0

3 years ago

What is the meaning of market testing?

swat32

Answer:

The correct option is;

B. Performing a premarket test before venturing into full-scale production

Explanation:

Market testing is the process of appraising the different scenarios and arrangements that can be encountered and the selection of the most appropriate arrangement that is most favorable for expansion

Market testing involves trials made to answer the following questions;

The level of demand for the marketed product

The customers demanding the product, and customer opinion about the product, compared to those of the competitor

The expected level of sales

The best form of advertising

The legal requirements

The competitors in the market

Other market reactions to product launch

5 0

3 years ago

Read 2 more answers

Misk, Inc. received from a customer a one year, $750,000 note bearing annual interest of 9%. After holding the note for six mont

Digiron [165]

Answer:

Amount of cash Mick receive from the bank: $768,450

Explanation:

Given:

$750,000 note
interest of 9%
n = 6 months
Effective interest rate of 12% = 0.12

At first, we need to find out the maturity value, which is:

= $750,000 + $750,000 × 9%

= $750,000 + $67,500

= $817,500

Hence, amount of cash Mick receive from the bank:

= Maturity amount - Maturity amount × effective interest rate × number of periods in year

= $817,500 - $817,500 *0.12* $\frac{6}{12}$

= $817,500 - $49,050

= $768,450

Hope it will find you well.

8 0

4 years ago

In economics a computer bought by a firm for its account keeping is classified differently to a computer bought by an individual

Nesterboy [21]

Answer:

Explanation:

5 0

2 years ago