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3 years ago

To qualify for the quantity discount, which of the following may not be joined together under the definition of any person?

Business

1 answer:

Sedaia [141]3 years ago

4 0

Answer:

C. Father and his 35-year-old son investing in separate account.

Explanation:

Quantity discount when offered relates to one particular account, and not multiple accounts at a time.

In a transaction joint accounts are called as single person where there is only one main account in consideration and no secondary account exists for the same.

As in the given options,

Option A of husband and wife investing in a joint account means a single account is made of which both the husband and wife are controllers.

Option B is of UTMA account which is made for the benefit of the minor child, although involves two people that is parent and child, but is run individually by the parent and is a single account.

Further Option C provides for separate investment accounts , which means two different accounts and therefore are completely different one of father and another of son, thus do not qualify of quantity discount jointly, either of the one account can claim the quantity discount as a person.

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As an elected official, you have been informed that real GDP is below its potential and that action should be taken to encourage

OverLord2011 [107]

Answer: <em>a. Multiplier = 3.33</em>

<em>b. Stimulation = $2000 billion</em>

Explanation:

In this particular case , it's given:

Marginal propensity to consume(MPC) = 0.7

Government spending = $600 billion

Therefore, we can evaluate the multiplier using the following formula:

$Multiplier\ = \frac{1}{(1-MPC)}$

$Multiplier\ = \frac{1}{1-0.7}$

Multiplier = 3.33

Noe, in order to find the stimulation in the economy we will multiple the new government spending with the multiplier. We will get ;

$Stimulation\ = Government\ spending\times Multiplier$

$Stimulation\ = 600\times3.33$

Stimulation = $2000 billion

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3 years ago

Brandon assigns responsibility to a subordinate for preparing a sales presentation for an important potential client and authori

ycow [4]

Answer:

Brandon assigns responsibility to a subordinate for preparing a sales presentation for an important potential client and authorizes the necessary expenditures of money and human resources, but he still requires a dress rehearsal to be presented to him before the actual presentation. Brandon realizes that accountability cannot be delegated.

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3 years ago

Read 2 more answers

Cost of Merchandise Sold Based on the following data, determine the cost of merchandise sold for November: Increase in estimated

katrin [286]

Answer:

COGS= $272,000

Explanation:

Giving the following information:

Merchandise inventory, November 1: 14,900

Merchandise inventory, November 30: 28,600

Purchases 298,200

Purchases returns and allowances 10,100

Purchases discounts 6,000

Freight in 4,200

Cost of goods purchased= purchases - Purchases returns and allowances - Purchases discounts + Freight in

Cost of goods purchased= 298,200 - 10,100 - 6,600 + 4,200

Cost of goods purchased= 285,700

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 14,900 + 285,700 - 28,600= 272,000

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3 years ago

. It is important to conserve fossil fuels because

Marat540 [252]

Explanation:

However, there is a more important reason to conserve fossil fuels, and that's to help heal the environment. Burning petroleum, coal and natural gas fills the air with harmful pollutants, including nitrogen oxides, sulfur dioxide, carbon dioxide, ozone and a host of hydrocarbons.

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3 years ago

State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash fl

Olin [163]

Answer:

a. Retired $300,000 of bonds, on which there was $3,000 of unamortized discount, for $312,000.

decrease cash flows from financing activities by $312,000

b. Sold 7,000 shares of $20 par common stock for $50 per share.

Increased cash flows from financing activities by $350,000

c. Sold equipment with a book value of $48,800 for $70,300.

increased cash flows from investing activities by $70,300, decrease cash flows from operating activities by $21,500 (= $70,300 - $48,800)

d. Purchased land for $479,000 cash.

decrease cash flow from financing activities by $479,000

e. Purchased a building by paying $93,000 cash and issuing a $90,000 mortgage note payable.

decrease cash flow from investing activities by $183,000, and increase cash flow from financing activities by $90,000

f. Sold a new issue of $300,000 of bonds at 98.

increase cash flows from financing activities by $294,000

g. Purchased 3,200 shares of $35 par common stock as treasury stock at $69 per share.

decrease cash flows from financing activities by $220,800

h. Paid dividends of $2.10 per share. There were 22,000 shares issued and 4,000 shares of treasury stock.

decrease cash flows from financing activities by $37,800

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4 years ago