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3 years ago

How do businesses and not-for-profit organizations help create our standard of living?

Business

1 answer:

Phoenix [80]3 years ago

8 0

Answer:

Businesses are the engine room of any economy, businesses are established to make profits, but before a business can make a profit it would have to produce goods or render services that help solve a problem or satisfy a need in society. Also, in carrying out their activities businesses create employment by employing people to work with them, and create demand through the wages paid to their employees which they spend on things, the company buys input for its processes, and both the businesses and its employees pay taxes to the government.

With regards to not-for-profit organizations, they fill the gap where the government and the for-profits organisation cannot operate. They provide assistance to the needy and fight the rights of people, amongst other things.

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Raymond Moss, vice president of Moss Auto Parts, gets an annual bonus of 15% of any income, before deducting bonus and income ta

zaharov [31]

Answer:

$22,500

Explanation:

Raymond Moss's bonus is computed as the excess of $100,000 of income before bonus and income taxes.

In other words, the income before bonus and income taxes of $250,000 minus $100,000 is the amount upon which the bonus is computed.

Bonus=excess of income before bonus and income taxes*rate of bonus

income before bonus and income taxes.=$250,000-$100,000

income before bonus and income taxes.=$150,000

bonus rate=15%

Bonus=$150,000*15%

Bonus=$22,500

5 0

3 years ago

Your grandfather wants to establish a scholarship in his father’s name at a local university and has stipulated that you will ad

algol13

Answer: The correct answer is $333,333.33

Explanation: Perpetuity is a cashflow that is payable or receivable forever.

In calculating the present value of a Perpetuity, the cash flow will be divided by the rate.

That is $15,000/ 4.5%

=$15,000/ 0.045

=$333,333.33

The money to be set aside now to be able to pay $15,000 every year is $333,333.33

8 0

3 years ago

Evert Company makes two types of circuit boards. One is a high-caliber board designed to accomplish the most demanding tasks; th

Allisa [31]

Answer:

The calculation is shown below:-

Explanation:

a. Unit-level activities

Total direct labor hours = 27,000

Total inspection cost = $540,000

Per direct labor hours cost = $540,000 ÷ 27,000

= $20

Allocations

High caliber = 6,000 × $20

= $120,000

Low caliber = 21,000 × $20

= $420,000

b. Batch-level activities

Total number of batches = 40

Total inspection cost = $540,000

Cost per batch = $540,000 ÷ 40

= $13,500

Allocations

High caliber = $13,500 × 20

= $270,000

Low caliber = $13,500 × 20

= $270,000

c. Product-level activities

Total number of inspections = 5

Total inspection cost = $540,000

Cost per inspections = $540,000 ÷ 5

= $108,000

Allocation

High caliber = $108,000 × 3

= $324,000

Low Caliber = $108,000 × 2

= $216,000

d. Facility-level activities

Total number of square feet = 100,000

Total inspection cost = $540,000

Cost per square feet = $540,000 ÷ 100,000

= $5.4

Allocation

High caliber = 30,000 × $5.4

= $162,000

Low caliber = 70,000 × $5.4

= $378,000

4 0

3 years ago

Imagine that you are the manager of valley skateboard shop. the accountant for the business has delivered the news that sales ar

Gekata [30.6K]

Answer:

what I think is that it should decrease by 50%

Explanation:

why do I think that I think that because every one needs a discount

8 0

3 years ago

If you are a jury member, which of these are topics you might discuss with the other jurors during trial? (Select all that

xeze [42]

Answer:

Information you know from listening to testimony of the case.

Opinions you have from talking to other jurors during the trial.

Opinions you have from seeing evidence during the trial.

Explanation:

A jury member or a juror is a member of a society who is selected to form a body of people who are sworn to act as interpreters of a court case. The jury body consists of 12 citizens selected by the court to act as an extra hand in solving a case, while at the same time, looking through evidence and statements given by the people involved in the case.

A jury member is not allowed to go home or talk about the case until it gets resolved. Their main job is to talk within themselves about the case, provide information from the testimony of the case, and share opinions with each other. They can also discuss their opinions after seeing the evidence presented in court. Such topics are allowed to be discussed within themselves so as to act as a 'judging' body in the case.

7 0

3 years ago