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3 years ago

What is technical profession?Give examples.

Business

1 answer:

guapka [62]3 years ago

6 0

Answer:

Technical profession is a highly skill based profession in which a practical knowledge is required.Example:engineering in civil,mechanical,computer e.t.c.

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If a company paid $38,000 of its accounts payable in cash, what was the effect on the accounting equation? Multiple Choice Asset

Tom [10]

Answer:

Assets increase by $75,000 and liabilities increase by $75,000.

Explanation:

6 0

2 years ago

A company’s normal selling price for its product is $27 per unit. However, due to market competition, the selling price has fall

schepotkina [342]

Answer:

The correct answer is $2,600.

Explanation:

According to the scenario, the given data are as follows:

Selling price = $27

After competition, Selling price = $22

Inventory consist = 130 units

Net realizable value = $20

So, we can calculate the value of this inventory by using following formula:

lower of the cost = $20

So, Value of this inventory = Inventory units × $20

= 130 × $20

= $2,600 units

8 0

3 years ago

Monetary policy is neutral in both the short-run and the long-run. b. Though monetary policy is neutral in the long-run, it may

Trava [24]

Answer:

Explanation:

Monetary policy are policies taken by the central bank of a country to shift aggregate demand.

Tools of monetary policy

1. Open market operations : government can either sell bonds to the public, this is known as open market sales. this is an example of an contractionary policy or it can buy bonds from the public. this is known as open market purchase. it is an expansionary policy

2. Reserve Requirement : Reserves are the proportion of deposits required by the central bank that banks keep

If reserve requirement is increased, it is an example of a contractionary policy. If on the other hand, it is reduced, it is an example of an expansionary policy.

3. Discount rate : this is the rate at which the central bank lends to commercial banks. An increase in discount rate is a contractionary policy while an decrease in discount rate is an expansionary policy

There are two types of monetary policy :

Expansionary monetary policy : these are polices taken in order to increase money supply. When money supply increases, aggregate demand increases. reducing interest rate and open market purchase are ways of carrying out expansionary monetary policy

Contractionary monetary policy : these are policies taken to reduce money supply. When money supply decreases, aggregate demand falls. Increasing interest rate and open market sales are ways of carrying out contractionary monetary policy

Goals of monetary policy include

• financial market stability

• economic growth

• high employment

Money neutrality is an economic theory that changes in money supply do not affect real variables but only affect nominal variables. As a result, monetary policy is neutral in the long-run and affects real variables in the short-run.

4 0

3 years ago

illy fell off a bar stool and hurt his back. As a result, he was unable to work for three months. He sued the bar owner and coll

Arlecino [84]

Answer:

No, the tax treatment will not be same.

All the amounts received by Billy, are during the course of business, and are related to the damages caused to business, and to him personally, and under tax these all amounts are tax free:

Amount received for personal injury of $100,000 is tax free as is related to expense of his personal recovery.

The amount of $50,000 and $15,000 though received from different sources but is for the same purpose of loss of income and destruction caused to business.

Whereas, amber is an employee, she is not the owner and therefore, all of the benefits received from her workplace are taxable.

As the policy was purchased by the employer and therefore, any amount received from such policy by amber will be taxable as a perquisite received from employer.

6 0

4 years ago

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.18 mill

andre [41]

Answer:

See the explanation below

Explanation:

1. If the tax rate is 24 percent, what is the project’s Year 0 net cash flow?

A. Year 1.

B. Year 2.

C. Year 3

Year 0 cash flow = - initial fixed asset investment - initial investment in net working capital = $2,180,000 + $290,000 = $2,470,000

Annual depreciation expenses = 2,470,000 / 3 = $823,333

A. Year 1 cash flow = (Sales - costs - depreciation)(1 - tax) + depreciation = (1,730,000 - 636,000 - 823,333)(1 - 0.24) + 823,333 = $1,029,039.92

B. Year 2 cash flow = $1,029,039.92

C. Non operating year 3 cash flow = Market value + Net working capital - tax(market value - book value) = 240,000 + 290,000 - 0.24(240,000 - 0) = $472,400

Year 3 cash flow = $472,400 + $1,029,039.92 = $1,501,439.92

2. If the required return is 12 percent, what is the project's NPV?

NPV = -2,470,000 + (1,029,039.92 / (1 + 0.12)^1 + 1,029,039.92 / (1 + 0.12)^2 + 1,501,439.92 / (1 + 0.12)^3 = $337,825.25

5 0

4 years ago

What is technical profession?Give examples.​

What is technical profession?Give examples.