Answer:
Hire more labor and increase the output.
Explanation:
Because Rear Gear is a profit-maximizing firm, it will hire more labor and increase the output.
This is because, when the firm has purchased a new sewing machine, they need to produce more in order to capture the fixed cost of production (i.e. cost of sewing machine). In order to do so, they need to hire more workers or labour to increase the total output.
The accounts receivable credit column of the cash receipts journal is "posted in summary at the end of the month and by individual amounts on a daily basis".
<u>Option: D</u>
<u>Explanation:</u>
In general ledger the sums in the debit and credit column are reported personally. The calendar of receivable accounts is lists of all clients 'accounts, account balances, and total amount due. Here the accounts receivable credit column are those in which the cash receipts journal column is the sums that are added separately to the receivable ledger accounts. Although debit column accounts payable are those in which cash payments journal column is the sums that are added separately to the accounts payable ledger.
Answer:
D) lower-income taxpayers and middle-income taxpayers.
Explanation:
The rental real estate exemption allows taxpayers who are not real estate professionals, to deduct up to $25,000 of real estate loss per year.
This exemption applies for taxpayers with an adjusted gross income of $150,000 or less. Only those that have an AGI of less than $100,000 are able to deduct the full $25,000 exemption, but as their AGI increase, the exemption starts to phase out.
The two basic requirements for qualifying for this exemption is that the individual actively participates in the management of the real estate property that generated the loss and that they own at least a 10% interest in the property.
Answer: 15.68%
Explanation:
Mr. Warner's cost of not taking the cash discount will be calculated as:
= (3%/100% - 3%) × (360/85 - 14)
= (3%/97%) × (360/71)
= 0.0309278 × 5.0704225
= 0.156817
= 15.68%
Mr. Warner's cost of not taking the cash discount is 15.68%
Answer:
b. Sales promotion
Explanation:
Sale promotions are activities that a company engages in to persuade a potential customer to buy its products. Sale promotions are short-term tactics to boost sales. Although a business may get long-term customers through sales promotions, there are designed to entice new customers in the short-run.
Sales promotions encourage customers to switch brands or try out a different product. They are ideal when introducing new products in the market. Howerver, they are costly, and sometimes have a short term effect on sales.
This case uses a free sample technique ( free dog biscuits) as the promotion method. Other ways of conducting sales promotions include discount vouchers, free money coupons, and competitions.
