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3 years ago

A responsible managing employee is required through the Contractor's state license board to work at least?

Business

1 answer:

KATRIN_1 [288]3 years ago

8 0

Answer:

32hours or 80% of the complete working hours per week of the business

Explanation:

When construction companies engage in contracts were materials and labor can cost $500 and above, they are expected to have a license. If the business does not have a license, it can qualify for a license if it decides to employ someone with the required license. The employed individual will be known as the responsible managing employee.

The contractors state license board requires such an employee to be a full and recognized employee of that business and to have at least 32hours or 80% of the sum of the working hours expended by the business.

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A sole proprietor of a farm implement store sold a truck for $15,000 that had been used to make service calls. the truck cost $3

Anni [7]

It should be reported as an ordinary gain because the truck is considered as ordinary asset used in the ordinary course of business. The truck was used as service calls apparently used in the normal operation of the company thus the gain on the sale of this asset should be considered as an ordinary gain.

7 0

3 years ago

Suppose net exports decreases by $100 million due to a slump in foreign economies. If the value of the multiplier is 2, what hap

iVinArrow [24]

Answer:

It shifts to the left by $200 million at each price level

Explanation:

Given that,

Multiplier = 2

Net exports decrease by $100 million

Change in aggregate demand is calculated as follows:

Multiplier = Change in Aggregate Income (ΔY) ÷ Change in Exports (ΔX)

2 = ΔY ÷ (-$100)

ΔY = -$200

Therefore, the national income will fall by -$200 and hence the aggregate demand will fall by -$200 . Hence, the aggregate demand curve will shift to the left.

3 0

3 years ago

Goodwin Technologies, a relatively young company, has been wildly successful but has yet to pay a dividend. An analyst forecasts

Tanya [424]

Answer:

A. Term Value

Horizon Value $18.69

Current Intrinsic value $13.61

B. Dividend yield 0%

Capital gains yield 11.20%

Explanation:

A. Calculation to determine Horizon Value

Using this formula

Horizon Value = Dividend in Year 6/(Required Return – Growth Rate)

Let plug in the formula

Horizon Value = 1.25(1.0650)^2 (1.0336)/(11.20%-3.36%)

Horizon Value = $18.69

Calculation to determine the Current Intrinsic value Using this formula

Current intrinsic value = 1.25/(1.1120)^3 + 1.25(1.0650)/(1.1120)^4 + 1.25(1.0650)^2/(1.1120)^5 + 18.69/(1.1120)^5

Current intrinsic value = $13.61

B. Calculation to determine Dividend yield

Using this formula

Dividend yield = Expected Dividend next year/Current price

Let plug in the formula

Dividend yield= 0/13.61

Dividend yield= 0%

Calculation to determine Expected Capital Gains Yield using this formula

Expected Capital Gains Yield = Required return - Expected Current Dividend Yield

Let plug in the formula

Expected Capital Gains Yield= 11.20%- 0%

Expected Capital Gains Yield= 11.20%

Therefore:

Term Value

Horizon Value $18.69

Current Intrinsic value $13.61

Therefore Assuming that the markets are in equilibrium, Goodwin's current expected dividend yield is 0% and Goodwin's capital gains yield is 11.20%

3 0

3 years ago

Tandy Corporation uses a job-order costing system with a single plant-wide predetermined overhead rate based on machine-hours. T

ch4aika [34]

Answer:

Selling price= $11,693.5

Explanation:

Giving the following information:

TJob X784:

Total machine-hours 250

Direct materials $ 470

Direct labor cost $ 5,500

The company marks up its unit product costs by 30%

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (249,000/30,000) + 3.8

Predetermined manufacturing overhead rate=$12.1 per machine hour

Now, we can calculate the total cost and selling price:

Total cost= 470 + 5,500 + 12.1*250

Total cost= $8,995

Selling price= 8,995*1.3= $11,693.5

8 0

3 years ago

Consider a market with a negative externality. The market will tend to ________ the good because the market participants tend to

ikadub [295]

Answer:

The correct option is C,overproduce, external cost

Explanation:

Externalities are benefits or disadvantages caused to third parties from the production of a product or rendering of a service.

Externalities can result from positive or negative production as well as positive or negative consumption.

Negative externality refers to harm not benefit, which stems from overproduction because the higher the level of production or consumption the higher the negative impact.

A typical example is the harmful substance released into the atmosphere from burning fossil fuels which impacts the life of peoplr in a negative way.The external cost in this instance is the cost medicare required to take of affected persons that is not included in the price of the good sold

3 0

3 years ago