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3 years ago

Why is zero unemployment and zero inflation not ideal for the economy?

1 answer:

5 0

Because then everyone would have money and there would not be enough supply for the demand and the economy would collapse.

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What does a company's customer service department do?

sammy [17]

Answer:

B. Interact with customers after they have purchased the product.

Explanation:

It is the duty of the Customer services department to cater to the all customer feedbacks and requirements.

The retention of the customers and attracting new customers depends on the quality of the service provided by the customer handling.

5 0

3 years ago

The following is a payroll sheet for Otis Imports for the month of September 2020. The company is allowed a 1% unemployment comp

DENIUS [597]

Answer:

a) I used an excel spreadsheet since there is not enough room here.

September 30, 202x, wages expense

Dr Wages expense 33,500

Cr Federal income tax withholdings payable 3,350

Cr FICA taxes (withholdings) payable 2,722.25

Cr Wages payable 27,427.75

b) September 30, 202x, payroll taxes expense

Dr FICA taxes expense 2,722.25

Dr FUTA tax expense 5.60

Dr SUTA tax expense 7

Cr FICA taxes withholdings payable 2,722.25

Cr FUTA taxes payable 5.60

Cr SUTA taxes payable 7

c) September 30, 202x, payment of payroll liabilities

Dr Wages payable 27,427.75

Dr Federal income tax withholdings payable 3,350

Dr FICA taxes withholdings payable 5,444.50

Dr FUTA taxes payable 5.60

Dr SUTA taxes payable 7

Cr Cash 36,234.85

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8 0

4 years ago

A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells an average of 77 pounds of Kona coffee beans a

NARA [144]

Answer:

a. 464 beans

b. $464

Explanation:

a. The computation of the economic order quantity is shown below:

= $\sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}$

where,

Annual demand = 200 days × 77 pounds = 15,400

And, all other items values would remain the same

Now put these values to the above formula

So, the value would equal to

= $\sqrt{\frac{2\times \text{15,400}\times \text{\$14}}{\text{\$2}}}$

= 464 beans

The average inventory would equal to

= Economic order quantity ÷ 2

= 464 units ÷ 2

= 232 units

b. Holding cost = average inventory × carrying cost per unit

= 232 units × $2

= $464

7 0

3 years ago

A Registered Investment Adviser (RIA) is formed as a partnership. The RIA intends to charge an incentive fee that is based on in

hram777 [196]

Answer:

Explanation:

NASSA rules are set of laws enacted to guide the administration of business and trading activities. Some of the NASAA are protection of vulnerable adults from financial exploitation and guides against unethical practices by investment advisers.

NASSA rules does not forbid RIA from charging an incentive fee based on investment performance, however , it must be able to prove that the fee charged is fair , reasonable and affordable by the customer , in as much as the customer is not being financially exploited.

4 0

3 years ago

Read 2 more answers

S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2021, S&L purchased C

mina [271]

Answer:

2021= $0 gain/loss

2022= $3,500 gain

Explanation:

S and L financial buys and sells securities

On December 27, 2021 S&L purchased coca-cola bonds at par for $965,000

The bonds were sold for $968,500 at January 3 2022

At December 31, the bonds had a fair value of $960,000

Since the amount of fair value has reduced greatly below the value at which it was bought on December 31 then, this implies that there will be no gain/loss that will be recognised in the earnings

Therefore,

The Pretax amount that S&L include in its net income as a result of this investment in 2021 is

= $0 gain/loss in earnings

The pretax amount that S&L include in its net income as a result in this investment in 2022 is

= $968,500-$965,000

= $3,500 gain

4 0

3 years ago