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IrinaK [193]
3 years ago
5

4. When analyzing decisions that are made within a firm, economists typically assume that "profit maximization" is the firm’s ma

in goal. However, a number of other goals are also possible. Choose one of the "other" possible goals and compare it to "profit maximization." Under what circumstances might the "other" goal that you described become a major focus for the firm? If you were the CEO of a large firm, what steps might you take to ensure that departments within the firm are working together toward common goals?
Business
1 answer:
Valentin [98]3 years ago
8 0

Answer: When employees are provided with a conducive environment they perform better than normal and with good products and services customers are satisfied hence more profit. The CEO should ensure all department work with same goal for the benefit of the organization

Explanation:

Companies tend to focus on the non-economic goals such as providing a good place for employees to work, good product and services to the customers and acts as a good citizen in the society. Achieving these goals are costly and doing so might interfere with profit maximization but in long term achieving them is beneficial to the company. When employees are provided with a conducive environment they perform better than normal and with good products and services customers are satisfied hence more profit. The CEO should ensure all department work with same goal for the benefit of the organization

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Shelly has $200,000 of QBI from her local jewelry store (a sole proprietorship). Shelly's proprietorship paid $30,000 in W–2 wag
natka813 [3]

Answer:

Qualified Business Income (QBI) Deduction:

With respect to the applicable provisions, the following are the provisions relating to QBI deduction:

(a) For Joint filers, if the taxable income is less than $315,000, the QBI deduction is limited to 20% of the qualified business income.

(b) The qualified business income includes the interest income not allocable to the business.

In the present case, the interest amount of $20,000 will not be considered for the calculation of QBI deduction (refer point (b) above).

Therefore, the total taxable income of S and her spouse will be $274,400 ($200,000 + $74,400) which was below the threshold limit of $315,000. Hence, they can claim the QBI deduction of 20% on the qualified business income of $200,000. The QBI deduction for 2018 is calculated as under:

QBI Deduction for 2018 = QBI x 20%

= $200,000 x 20%

= $40,000

Therefore, the QBI deduction for 2018 is $40,000.

Note: If the total taxable income exceeds the threshold limit of $315,000 for QBI deduction, the value of W-2 wages and qualified property would have been considered.

5 0
3 years ago
Question Content Area Flyer Company sells a product in a competitive marketplace. Market analysis indicates that its product wou
lesantik [10]

Flyer would have to cut $2 per unit  in order to meet the new target cost.

<h3>What is target cost?</h3>

The target cost of a product is the expected selling price of the product minus the desired profit from selling

First, we need to get the target cost

= Target Selling price per unit - Target profit per unit

= $48 - ($48 x 0.125)

= $48 - $6

= $42

Then,  Flyer have to cut costs per unit

= Cost for product - Target cost

= $44 - $42

= $2

Hence, Flyer would have to cut $2 per unit  in order to meet the new target cost.

Learn more about target costs here: brainly.com/question/15237816

#SPJ1    

8 0
2 years ago
On June 10, Pais Company purchased $9,000 of merchandise from McGiver Company, terms 3/10, n/30. Pais Company pays the freight c
elena-s [515]

Answer:

A. Books of Pais Company

June 10

Dr Merchandise inventory $9,000

Cr Accounts payable $9,000

June 11

Dr Merchandise inventory $400

Cr Cash $400

June 12

Dr Accounts payable $600

Cr Merchandise inventory $600

On June 19

Dr Account payable 8,400

Cr Cash 8,148

Cr Merchandise inventory 252

B. Books of McGiver Company

June 10

Dr Accounts receivable $9,000

Cr Sales $9,000

Dr Cost of Goods Sold $5,000

Cr Merchandise inventory $5,000

On June 11

No entry

On June 12

Dr Sales returns & allowances $600

Cr Accounts receivable $600

Dr Merchandise inventory $310

Cr Cost of Goods Sold $310

On June 19

Dr Cash 8,148

Dr Sales discounts 252

Cr Accounts receivable 8,400

Explanation:

A. Preparation of the entries on the books of Pais Company.

June 10

Dr Merchandise inventory $9,000

Cr Accounts payable $9,000

June 11

Dr Merchandise inventory $400

Cr Cash $400

June 12

Dr Accounts payable $600

Cr Merchandise inventory $600

On June 19

Dr Account payable 8,400

($9,000 - $600)

Cr Cash 8,148

(8,400 x 97%)

Cr Merchandise inventory 252

(8,400 x 3%)

B. Preparation of the entries on the books of McGiver Company

June 10

Dr Accounts receivable $9,000

Cr Sales $9,000

Dr Cost of Goods Sold $5,000

Cr Merchandise inventory $5,000

On June 11

No entry is needed in McGiver Company books

On June 12

Dr Sales returns & allowances $600

Cr Accounts receivable$600

Dr Merchandise inventory$310

Cr Cost of Goods Sold$310

On June 19

Dr Cash 8,148

(8,400 x 97%)

Dr Sales discounts 252

(8,400 x 3%)

Cr Accounts receivable 8,400

(8,148+252)

5 0
2 years ago
Emily Corporation sells two products: hurricane lamps and flashlights. Hurricane lamps account for 70 percent of the units sold,
zmey [24]

Answer:

weighted-average contribution margin= $4.7

Explanation:

Giving the following information:

Hurricane lamps account for 70 percent of the units sold, while the flashlights account for the remaining 30 percent of unit sales. The unit sales price of the lamps is $9.00, and the unit variable cost is $4.00. The unit sales price of the flashlights is $7.00, and the unit variable cost is $3.00.

<u>To calculate the weighted-average contribution margin, we need to calculate first the weighted-average selling price and weighted average variable cost for each product.</u>

weighted average selling price= (selling price* weighted sales participation)

weighted average selling price= (0.7*9 + 0.3*7)= $8.4

weighted average variable cost= (variable cost* weighted sales participation)

weighted average variable cost= (0.7*4 + 0.3*3)= 3.7

<u>Now, we can calculate the weighted average contribution margin:</u>

weighted-average contribution margin= 8.4 - 3.7= $4.7

6 0
3 years ago
What is the best answer choice
Scrat [10]
The answer to that would be B.
3 0
3 years ago
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