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lord [1]
3 years ago
10

Packrall Company makes computer chips. Curtis is manager of the company's maintenance department. Because his maintenance techni

cians are so well trained in maintaining expensive and sensitive circuit board stamping equipment, Curtis has been authorized to contract to perform maintenance for outside customers. In this company, the maintenance department is likely organized as:
Business
1 answer:
3241004551 [841]3 years ago
3 0

Answer:

Profit centre

Explanation:

Packrall maintenance department is very efficient and well trained in designing and maintaining circuit board equipment. They are usually hired by other customers to maintain their equipment which is helping to add more profits for Packrall Company. As the maintenance department is a source of making identifiable profits, the department is likely organised as a profit centre.

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Loc Nguyen sold his personally owned boat for $6,000. Loc is not self-employed and he did not have any outstanding loans on the
lesantik [10]

Question Completion with options:

Select one:

a. Include the $5,000 in total income on Form 1040

b. Include the $5,000 as a capital gain on Schedule D

c. Include the $5,000 as self-employment income on Schedule C

d. Include the $5,000 as interest income on Form 1040

Answer:

Loc Nguyen should:

b. Include the $5,000 as a capital gain on Schedule D.

Explanation:

Both long-term and short-term capital gains and deductible capital losses are reported on Schedule D of Form 1040.  If the gain from the sale of the boat is a long-term capital gain, it will be subject to the lower capital gain tax rate of up to 20%, unlike the short-term capital gain that attracts a rate of up to 37%.

3 0
3 years ago
When an economy is temporarily operating at an output that is beyond its full-employment rate it means that
MrMuchimi

It means that excess demand in resource markets will lead to higher resource prices, which will increase costs and direct the economy toward full employment.

Explanation:

An economy’s full employment output is the highest production level when all available resources are used efficiently. It equals the highest level of production an economy can sustain for the long-run. It is also referred to as the full employment production which results in long term supply of the finished good.

When there is increased demand then eventually there will be an increase in the price and also costs of the production which leads the economy towards the full employment output as it is a sustainable output.

3 0
3 years ago
Rex Garner recently made an offer to Harry Barns for the sale of his shop using a registered letter. The offer says that Harry "
NeX [460]

Answer:

Stipulation.

Explanation:

In this scenario, Rex Garner recently made an offer to Harry Barns for the sale of his shop using a registered letter. The offer says that Harry "may accept by registered letter." This detail is an example of a stipulation.

A stipulation in business can be defined as a formal legal acknowledgment and agreement made between two or more groups of people (parties) before entering into a contract or business deal.

This ultimately implies that, a stipulation is a condition or clause used to convey agreement in a contract between two or more groups of people. The statement "may accept by registered letter." in the offer made by Rex Garner to Harry is a stipulation, conveying the message that Harry can only show agreement by using a registered letter as well.

5 0
3 years ago
Cherokee Manufacturing Company established the following standard price and cost data: Sales price $ 12.00 per unit Variable man
blagie [28]

Answer:

<u>Pro forma income statement in contribution format</u>

Sales ( 2,200 units × $ 12.00)                                        26,400

Less Variable Costs :

Variable manufacturing cost ( 2,200 units × $ 7.20)   (15,840)

Contribution                                                                    10,560

Less Expenses :

Fixed manufacturing cost                                              (3,600)

Fixed selling and administrative cost                            (1,200)

Net Income                                                                      5,760

Explanation:

A flexed budget shows the Budgeted Costs and Revenues at Actual level of production rather than the Budgeted level of production.

<u />

4 0
3 years ago
Many companies are going beyond government regulation and are developing strategies and practices that create a world economy th
xxTIMURxx [149]

Answer:

The correct answer is E) Enviromental Sustainability

Explanation:

Enviromental Sustainability refers to the usage of resources at a rate that does not cause their depletion.

We can think of the planet Earth as the sum of all resources available in the global economy. When a company says that they want to be enviromentally sustainable, what they mean is that they want to make sure that the resources of the earth are not exhausted, because without resources, there is no possible economy or even survival.

7 0
3 years ago
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