Answer:
The city's income base fell by $80 million
Explanation:
If during 2004 the city was able to raise $20 million with a 5% income tax, then the city's income base was:
($20 million / 5) x 100 = $400 million
If during 2005 the city was only able to raise $19.20 million with a 6% income tax, then the city's income base lowered to:
($19.20 million / 6%) x 100 = $320 million
This means that the city's income base was reduced by $80 million (= $400 million - $320 million)
Answer:
a. 7.24%
b. 7.82%
Explanation:
In this question, we use the Rate formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = $756.22
Future value = $1,000
NPER = 4 years
PMT = $0
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the answer of part A is 7.24%
For Part B
Given that,
Present value = $740
Future value = $1,000
NPER = 4 years
PMT = $0
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the answer of part A is 7.82%
Answer:
<em>This is a violation of the stored Communications Act.</em>
Explanation:
The Stored Communications Act (SCA), protects the rights of people and organizations from its participants to leak any information. This act works on the principle of the rights to be secure and protected.
As Sonya and other employees were using social media to chat about the company, the info was not being held private and came under the violation of the stored communication act. As a result, Sonya and other participants were fired.
The main function of a service business is the delivery of value to the customer.
- A service business is made up of experts who help in the delivery of a particular work. Examples of service businesses include food service, transportation, retail, distribution etc.
- It should be noted that every business wants to make a profit. Profit is important in order to grow the business. Despite the profit making motive of businesses, some businesses are more concerned with how to retain their customers.
In conclusion, it should be noted that the retaining of customers are vital in brand loyalty and the growth of the business.
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If ABC purchased $500 of merchandise on account. ABC's journal entry to record this transaction includes a:
Debit to Inventory of $500
Credit to Accounts Payable of $500.
Based on the information given if the company purchased merchandise of the amount of $500 on account, the appropriate journal entry to record this transaction is:
ABC journal entry
Debit to Inventory of $500
Credit to Accounts Payable of $500
(To record merchandise on account)
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