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3 years ago

The text states, “inflation is a type of tax.” This tax refers to _____ when inflation occurs.

1 answer:

3 0

The text states, “inflation is a type of tax.” This tax refers to the lower purchasing power of money when inflation occurs.

Answer:

C. the lower purchasing power of money

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For each source information shown below, prepare the appropriate journal entry. (If no entry is required for a transaction/event

anygoal [31]

Oct 13........................No Journal Entry Required

Oct 17. Cash..........................................DR $107

To Accounts Receivable........................................ $107

(Being cash received by Accounts Receivable)

Oct 22. Inventory....................................DR $1145

To Accounts Payables.......................................... $1145

(Being Purchases made of Chairs and Oil Supplies)

Oct Accounts Payable...........................DR $1145

To Cash............................................................ $1145

(Being Cash paid for purchases made)

7 0

3 years ago

This rider allows for the insured to obtain additional insurance in between the specified ages including marriage and the birth

Soloha48 [4]

Answer:

guaranteed insurability rider

Explanation:

First of all, a rider is an insurance policy provision that allows customers to purchase insurance options that increase their coverage. Sometimes riders are given for free as a promotional free benefit.

A guaranteed insurability (GI) rider grants a current policy holder the option to purchase additional life insurance with no underwriting.

8 0

3 years ago

Simon Corporation manufactures hydraulic valves. The product life of a valve is 4 years. Target average profit margin for Simon

Luda [366]

Answer:

Allowable unit cost of a hydraulic valve using the target costing model = 52.4

Explanation:

Given that:

Simon Corporation manufactures hydraulic valves. The product life of a valve is 4 years.

Target average profit margin for Simon 20.00%

The company does not expect the manufacturing cost to vary over the next 4 years

Estimated sales volume and the unit selling price of the valve for the next 4 years is given below:

Year Sales volume (units) Unit selling price

Year 1 40,000 $80.00

Year 2 50,000 $75.00

Year 3 35,000 $50.00

Year 4 25,000 $45.00

The objective is to determine the allowable unit cost of a hydraulic valve using the target costing model.

The Cost for each unit selling price can be calculated as:

= unit selling price - (Target average profit margin × unit selling price)

For Year 1

= $80.00- (0.2 × $80.00)

= $80.00 - $16.00

= $64.00

For Year 2

= $75.00 - ( 0.2 × $75.00)

= $75.00 - ( $15.00)

= $60.00

Year 3

= $50.00 - (0.2× $50.00)

= $50.00 - $10.00

= $40.00

Year 4

= $45.00 - (0.2 × $45.00)

=$45.00 - $9.00

= $36.00

Year Sales volume Unit Cost Cost per Unit

(units) selling price

Year 1 40,000 $80.00 $64.00 $2560000

Year 2 50,000 $75.00 $60.00 $3000000

Year 3 35,000 $50.00 $40.00 $1400000

Year 4 25,000 $45.00 $36.00 $900000

Total: 150000 $7860000

Allowable unit cost = Total cost/Total number of unit cost

Allowable unit cost = $7860000/150000

Allowable unit cost = 52.4

6 0

3 years ago

This person wrote the jungle where he exposed the unclean procedures and dangerous working conditions in meatpacking industry.

deff fn [24]

<span>Upton Sinclair is the answer ^///^</span>

7 0

3 years ago

The purpose of a screening interview is to make the final decision about which applicants to hire.

Ludmilka [50]

Sreening interviews are normally the first stage of the interview process. This is never used in the final decision making process. The screening interview plays a major part in narrowing down applicants in the very beginning

8 0

3 years ago