In the event of Melissa's death during the sixth month of a one-year contract to work as Garry's personal accountant, Melissa's estate would be discharged from any contractual liability. Under common law, any contract that is entered into with another party must be based on the consideration (i.e. exchange of money, goods, services, etc.) of both parties.
If one of the parties is unable to fulfill their obligations due to death, then the contract is considered void and the parties are relieved of any contractual obligations. In this case, the contract between Melissa and Garry would be void; therefore, Melissa's estate would be discharged from any contractual liability.
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Ratios used to compare different firms at the same point in time belong to a category of analysis called: time series analysis cross-sectional analysis industry comparative analysis just-in-time analysis
Ratios used to compare different firms at the same point in time belong to a category of analysis called cross-sectional analysis.
What is meant by analysis?
A thorough analysis of anything difficult to ascertain its nature or identify its key characteristics comprehensive research. conducting a thorough analysis of the issue. An analysis is significant because it arranges and interprets data before structuring it into presentable knowledge that is applicable to practical applications.An evaluation of a company, division of a company, or project's feasibility, stability, and profitability are known as financial analysis.Identification of needs and selection of remedies for business issues is the task of business analysis.Price breakdown to a unit figure is part of price analysis.Market analysis refers to prices established by the interaction of supply and demand, which includes suppliers and buyers.To learn more about analysis refer to:
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the aida model stands for awareness, interest, desire, and action. the awareness stage is most closely related to the stage of the buyer decision process, while the action is most related to the stage of the buyer decision process.
AIDA stands for Attention, Interest, Desire (or, in some forms, Decision), and Action, which are the four steps necessary for effective marketing.
The AIDA marketing approach is so fundamental to current marketing that skipping any one stage is regarded to nearly guarantee a poor outcome.
The ultimate objective of a marketing campaign is to motivate the audience to take action and make a purchase of the good or service.
Attention, Interest, Desire, and Action are the stages (AIDA). Ideally, your content will do all four of these things during these four stages: draw attention to your brand; create interest in your product or service; pique desire for it; and prompt action to try or buy it.
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options markets are highly liquid and offer an easy method for trading because of: multiple choice question. standardized contracts government regulations low tax consequences
Because of their standardized contracts, options markets are quite liquid and provide a simple means of trading.
What's a standardized contract?A standardized contract is an agreement in law between two or more people in which one of the parties has established parameters that are primarily non-negotiable. A standard form contract is an agreement between two parties in which one side sets the terms and conditions while the other has little or no control over doing so (also known as a contract for adhesion, a leonine contract, a take-it-or-leave-it deal, or a boilerplate contract).
What is a typical form contract example?The majority of parking tickets, theater tickets, package receipts, and purchase slips from debit cards are standard form agreements. Although "written standard forms of business" are acknowledged by the Unfair Contract Terms Act of 1977, there is no official definition of a standard form contract in this nation.
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253.The zero coupon bonds of Markco, Inc. have a market price of $394.47, a face value of$1,000, and a yield to maturity of 6.87%. How many years is it until this bond matures?A.7 years B.10 years C.14 years D.18 years E.21 years
It is A. 7 years until this bond matures.
Bonds are fixed-income securities that reflect loans from investors to borrowers (typically corporate or governmental). A bond can be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower.
Companies, municipalities, states, and sovereign governments utilize bonds to finance operations and initiatives. Bondholders are the issuer's debtors or creditors.
Use the following formula to calculate the number of years until this bond matures:
n = (1 + yield to maturity) / (-ln(market price/face value))
When you enter the values from the question, you get:
n = (-ln(394.47/1000)) / ln(1 + 0.0687)
That amounts to
n = (-ln(0.39447)) / ln (1.0687)
which is roughly equivalent to:
n = 7.0 years
The answer is therefore A: 7 years.
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A life insurance policy which contains cash values that vary according to its investment performance of stocks is called
A) Increasing Term Life
B) Modified Whole Life
C) Variable Whole Life
D) Adjustable Whole Life
Variable whole life (C) refers to a life insurance policy with cash values that change based on stock investment performance.
What investment means?Investments are defined as assets bought or invested in with the goal of increasing wealth and setting aside funds from salary or capital gains. The main goal of an investment is to generate additional revenue or to make money on the investment over a certain amount of time. The most crucial aspect of effective investing is how long your money stays invested.
Why is investment important in the future?A method to put your money to work for you is by investing. Basically, it's a strategy to make the most of your financial resources. Basically, investing is putting your money in a position where it will grow in value over time. Basically, it's a strategy to make the most of your financial resources. Putting money into yourself will increase your self-esteem and confidence in your own abilities. By concentrating on your own development, you will learn more about yourself and acquire new skills.
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A taxpayer with an average tax rate of 20 percent who receives additional income of $20,000 will pay additional taxes of $4,000.
False
It is untrue that a taxpayer with an average rate of tax of 20 percent who obtains an additional $20,000 in income will incur an additional $4,000 in taxes. Therefore, the statement is false.
What is tax evasion?Tax evasion is the unlawful practice of trying to avoid paying taxes by individuals, corporations, trusts, and other legal entities.
Tax evasion generally refers to the deliberate misrepresentation of a taxpayer's financial situation to the tax authorities in an effort to reduce the taxpayer's tax liability.
In addition, it involves filing false tax returns, overstating deductions, claiming income, gains, or earnings that are lower than what was actually obtained, bribing authorities in countries with a high rate of corruption, and hiding money.
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Destiny has three employees whose work habits she struggles to understand. Spencer likes to come in at noon and work until late in the evening. Lydia comes in early, creates a task list for the day, and only works on what is on the list. Miranda flits in and out of others' cubicles, and seems to always be off task, but when asked for a report, she has it handy. By applying the behavioral viewpoint, Destiny will be better able to Multiple Choice create, acquire, and transfer knowledge keep employees focused on achieving goals. make continuous improvements. create cross-functional synergy
Three of Destiny's employees have work habits that she finds difficult to comprehend. Lydia arrives early, makes a list of the day's tasks, and only works that day.
What exactly do you mean by accomplishing goals?When you succeed in carrying out or causing to occur a specific purpose or outcome, it is usually only after much effort.
Why is it important to achieve a goal?image outcome
We can advance in life by setting goals. Goals provide us with a path to follow. Even if we fall short, having goals helps us hold ourselves accountable. We are able to clarify what we genuinely desire in life when we set objectives and strive toward achieving them.
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"Dean Company uses the retail inventory method to estimate its inventory for interim statement purposes: Data relating to the computation of the inventory at July 31,,20X7 , are as follows: Cost Retall Inventory, 1/1[X7 P 180,Q0Q P 250,000 Purchases 1,020,000 1,575,000 Markups, net 175,000 Sales 1,705,000 Estimated normal shoplifting losses 20,000 Markdown, net 125,000 Under the average cost retail method, Dean's estimated inventory at July 31, 20X7 is P90,000 P96,000 P102,000 P150,000"
An essential tool for managing the finances is a cash-flow statement.
What precisely do business purchases entail?In accounting, the word "purchase" describes obtaining property of a particular item or service without paying a specific sum of money. On the other hand, it happens when cash is exchanged for a specific good or service. The practice is frequently carried out by people or businesses that require goods or services.
What are expenditures and purchases?Unit 16. Terms like "costs," "purchases," and "expenses" are frequently used when referring to financial statement and other financial topics. They frequently refer to the same thing, payments made by the company in exchange for goods or services.
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Inez hires Josh to paint her portrait to her satisfaction for $4,000. When Josh finishes the portrait, Inez announces that she is not satisfied with it. Ineza. must pay Josh the contract price.b. must pay Josh half of the contract price as a compromise.c. must pay Josh only the cost of his materials.d. does not have to pay Josh.Does not have to pay josh
Ineza is not satisfied with it so, they does not have to pay Josh. Option (d) is correct.
What do you mean by Satisfaction?The act of satiating a need, want, or appetite, or the feeling engendered by such fulfillment, is known as satisfaction. In a good sense, satisfaction indicates that you've had enough.
Inez hires Josh to paint her portrait to her satisfaction for $4,000. When Josh finishes the portrait, Ineza announces that she is not satisfied with it. As Ineza announces that she is not satisfied she does not have top pay any amount because the work is given for satisfaction, and amount is also paid for satisfaction. if she is not satisfied she does not need to pay any amount to painter.
Therefore, Option (d) is correct. Ineza does not have to pay josh.
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Tasks involving dichotic listening are tasks in which
a.
two different visual stimuli are presented.
b.
two different auditory messages are presented, one to each ear.
c.
participants must identify subthreshold sounds.
d.
participants must dichotomize sounds into distinct categories.
Dichotic hearing tasks include listening to two distinct audio messages, one for each ear.
What do dichotic listening abilities entail?Dichotic listening is the capacity to recognize and separate various stimuli that are simultaneously presented to each ear. A lesion or deficiency in the interhemispheric information processing is indicated by a deficit in dichotic listening abilities.
What is the purpose of the dichotic listening task?A non-invasive method for examining brain lateralization, or hemispheric asymmetry, is dichotic listening (DL). The most popular technique for demonstrating left-hemispheric dominance in language processing—particularly in the extraction of the phonetic code from the voice signal—is called decoding language (DL).
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When the market rate is 10%, a company issues $60,000 of 12%, 10-year bonds dated January 1, 2017, that mature on December 31, 2026, and pay interest semiannually. When the bonds mature, the issuer records its payment of principal with a (debit/credit) Credit to Cash in the amount of $5000.
The bonds mature, the issuer records its payment of principal with a (debit/credit) Credit to Cash is $60,000
Given:-10% of market rate
$60k in face value equals $60k in principal.
Because the bondholder will pay the principal and interest, the issuer records its payment of principal with credit to cash in the amount of $60,000 when the bonds mature.
Therefore,
Because there is an additional interest amount that must be paid, the bondholder will pay the $60,000 issued amount as principle.
Because it matures on the day when the cash is paid, it qualifies as credit.
Is that a credit or a debit account for bonds payable?When it comes time to redeem the bonds, all premiums and discounts should have been amortized, so the entry is simply a debit to the bonds payable account and a debit from the cash account.
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The vast majority of archaeological sites that are found during survey in advance of construction in the United Statesanswer choicesdo not meet the criteria to be considered significant and are recorded and destroyedare major archaeological sites that require full excavationare automatically destroyed and not recordedcause construction plans to be abandonednone of the choices
The vast majority of archaeological sites that are found during survey in advance of construction in the United States do not meet the criteria to be considered significant and are recorded and destroy.
The archaeological refers to the study about finding the evidence of the past human-being life with the help of the remaining materials and examination the finding evidences or materials like building, tools etc.
The archaeological sites that are found during survey in advance of construction in the United States large areas were in the survey which include the living place, agricultural place etc.
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T/F. the alert roster must be tested more frequently than other components of a disaster recovery plan because it is subject to continual change due to employee turnover.
The alert roster must be tested more frequently than other components of a disaster recovery plan because it is subject to continual change due to employee turnover is true.
What does alert stand for?Assure, Look, Employees, Reports, and Threat are all abbreviated as ALERT. It is connected to five questions that aim to increase knowledge of crucial food defense issues in the food industry, such as reporting suspicious behavior and product security.
A company's alert roster is a document that lists the people who should be notified when an issue happens. Sequential and hierarchical alert rosters are available. The sequential roster serves as an illustration of how one person can call everyone else on the roster.
Therefore, a formal document called a disaster recovery plan (DR plan) is produced by an organization and offers comprehensive guidelines on how to handle unanticipated events like natural disasters, power outages, and cyberattacks.
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Which of the following is an example of loss control?
A. Drive slower
B. Stop smoking
C. Buy insurance
D. None of the above
Drive slower is an example of loss control.
Describe lost control.Loss control is a risk management strategy that aims to lessen both the likelihood of losses and their severity in the event that they do happen. Through information and services related to safety and risk management, a loss control program should assist policyholders in lowering claims while also assisting insurance firms in lowering losses.
What kind of loss control is that?Imagine you decide to install a monitored security system in your house after learning of a break-in in your area. Your new alarm system might be viewed as loss control because it guards your family and possessions against harm (loss).
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Which of the following statements are true regarding dividends? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer) O A stock dividend commonly indicates management's confidence that the company doing well O A stock dividend increases the number of outstanding shares O A stock dividend increases the number of authorized shares O Stock dividends are a mechanism to keep the market price of stock affordable On January 15, the end of the first pay period of the year, North Company's employees earned $48,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $3,100 of federal income taxes. 1,037 of medical insurance deductions, and $130 of union dues. No employee earned more than $7,000 in this first period Prepare the journal entry to record North Company's January 15 salaries expense and related liabilities View transaction list Journal entry worksheet 1 Record the employee payroll for period. Note: Enter debits before credits General Journal Debit Credit Date Jan 15 Record entry Clear entry View general journal
The correct option is option A and B .a) A stock dividend commonly indicates management's confidence that the company doing well b) A stock dividend increases the number of outstanding shares
Salary Expense 48,000 FICA Social Security Tax 2,976 FICA Medicare Tax 698 Federal Income Tax 3,100 Medical Insurance Deductions 1,037 Union Dues 130 Cash 42,059 Total 48,000 Total 48,000.
Tax relief or tax cuts offered by the government, "tax deduction" and "tax exemption," both refer to a reduction in taxable income. Tax exemptions, however, can also include reduced rates, no taxes at all, and simply a portion of your income being taxed.
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vif provided for in the controlling agreement, a trust might terminate when the income beneficiary reaches age
If pro-vided for in the control-ling agreement, a trust might termi-nate when the income bene-ficiary reaches age 35. Assets left in trust for the ben-efit of a beneficiary are held, man-aged and distributed by a trus-tee in accordance with the trust’s prov-isions.
Com-monly, the provisions of the trust pro-vide that when the beneficiary rea-ches a certain age, the trustee distri-butes the assets out-right to the bene-ficiary, and the trust then term-inates.
A trust can also be struc-tured to distr-ibute outright to a beneficiary upon a trigger-ing event, such as grad-uating from college, instead of when a beneficiary reac-hes a certain age.
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An offer:A) cannot be modified or revoked before acceptance and generally includesadvertisements and price lists.B) may be made by either a buyer or a seller.C) generally includes advertisements and price lists.D) may be made by either a buyer or a seller and generally includes advertisementsand price lists.E) cannot be modified or revoked before acceptance.
An offer is option B) may be made by either a buyer or a seller.
How can an offer be made?The offeror is the one who rejects the offer. The offeree is the individual to whom the offer is made. The person to whom the offer was made must accept the terms in their whole and without modification. agreements that impose duties on two or more parties.
An offer must be communicated to the offeree and may be made verbally, in writing, physically, to a specific individual or group of people, or to the entire world.
Therefore, one can say that offer by one party, an acceptance by another, and the exchange of consideration are necessary elements of a contract (something of value). An offer is made when a party suggests the terms of an agreement.
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You have decided to pursue a career in nursing. You are willing to relocate
based on salary differences. The states you are willing to relocate to have the
following average hourly wages: NY = $35.55, MA = $32.37, CA = $36.54, and FL
$44.57. What is the mean salary for these options?
Answer:
Explanation:
Step 1: Add up all numbers
35.55 + 32.37 + 36.54 + 44.57 = 149.03
Step 2: Divide by total of numbers
149.03 divided by 4 = 37.2575 = 37.26
Answer is: 37.26
To satisfy Uniform Commercial Code (UCC) Section 2-201, the contract or memorandum need only state which of the following with respect the goods to be sold?
A. Price
B. Quality
C. Delivery Date
D. Payment method
E. Quantity
The contract or memorandum need only state which of the following with respect the goods to be sold.
What is memorandum?A memorandum (also referred to as a memo) is a short document used to communicate information within an organization. A memo is most commonly used to communicate information that affects multiple people or departments within an organization. It is typically used in a business setting to convey decisions, policies, or procedures that must be acknowledged. Memos are typically written in a formal, professional tone, and should include the purpose of the memo, any necessary details, and the desired outcome or action that needs to be taken. Memos are often sent to groups of people, but can also be sent directly to an individual. Memos are used to quickly and efficiently share information, often with the goal of ensuring the organization is running smoothly.
The contract or memorandum need only state the quantity, price, and delivery date of the goods to be sold in order to satisfy UCC Section 2-201. Quality and payment method may also be included, but are not required by the UCC. The quantity, price, and delivery date are the essential elements of a contract for the sale of goods, and thus must be included in the contract or memorandum to satisfy the UCC.
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To satisfy Uniform Commercial Code (UCC) Section 2-201, the contract or memorandum need to state the Quantity of goods to be sold.Hence Option (B) is correct.
What is memorandum?A memorandum (also referred to as a memo) is a short document used to communicate information within an organization. A memo is most commonly used to communicate information that affects multiple people or departments within an organization. It is typically used in a business setting to convey decisions, policies, or procedures that must be acknowledged. Memos are typically written in a formal, professional tone, and should include the purpose of the memo, any necessary details, and the desired outcome or action that needs to be taken. Memos are often sent to groups of people, but can also be sent directly to an individual. Memos are used to quickly and efficiently share information, often with the goal of ensuring the organization is running smoothly.
The contract or memorandum need only state the quantity, price, and delivery date of the goods to be sold in order to satisfy UCC Section 2-201. Quality and payment method may also be included, but are not required by the UCC. The quantity, price, and delivery date are the essential elements of a contract for the sale of goods, and thus must be included in the contract or memorandum to satisfy the UCC.
To satisfy Uniform Commercial Code (UCC) Section 2-201, the contract or memorandum need to state the Quantity of goods to be sold.
The contract is enforceable only to the extent of quantity of goods as mentioned in the contract.
Section 2-201 did not mention anything specifically with regard to the price, quality, delivery date, payment method etc.
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the cost of producing one more unit of a good or service the situation where an additional unit of a good or service costs the same as each of the former units
The total cost a business incurs to produce one unit of output, assuming that cost does not change, is referred to as the constant marginal cost. Because cost is the same for each and every unit produced, it is seen as a constant.
Make a marginal cost (MC) curve by plotting the expenses related to the different outputs you identified from the previous lesson. Plot the total product along the horizontal axis and the MC along the vertical axis. You can connect the points given that the sites you found do not entirely encompass all MC and TP combinations.
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Vandenheuvel Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Hours Move time 2.4 Wait time 18.2 Queue time 6.8 Process time 1.8
Inspection time 0.3 The manufacturing cycle efficiency (MCE) was closest to: a. 0.06 b. 0.18 c. 0.62 d. 0.16
The correct Manufacturing cycle efficiency is d. 0.16
The Manufacturing cycle efficiency is the percentage of the time spent in producing quality products.
How to calculate Manufacturing Cycle Efficiency?
The Manufacturing cycle efficiency (MCE) is calculated as-
MCE = Process time/ Manufacturing Cycle time(process time + Inspection time+ move time+ Queue time)
MCE= 1.8/(1.8+0.3+2.4+6.8)
MCE=1.8/11.3
MCE= 0.15929
MCE=0.16(Approx)
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Experian, Equifax, and Transunion are all types of ______ companies.
security
stock exchange
financial planning
credit reporting
Experian, Equifax, and Transunion are all types of credit reporting companies.
Firms that gather and sell credit reports are known as credit reporting companies, commonly referred to as credit bureaus or consumer reporting agencies. Companies that collect credit account information on your borrowing and repayment history do so in the following ways:
the loan's initial principal sumA credit card's credit limitA credit card or other loan's outstanding balanceThe account's payment status, including whether you have timely repaid your loansproducts sent for collectionjudgments and bankruptcies are examples of public records.Thousands of lenders across the nation, public documents like bankruptcies, garnishments, liens, and other judgments, and collections agencies that offer information on past-due accounts are just a few of the sources that credit reporting bureaus might use to acquire information.
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TRUE/FALSE. colby company reports net income of $50,000. for the year, depreciation expense is $15,000 and the company reports a gain of $5,000 from sale of machinery. it also had a $3,000 loss from retirement of notes. as a result, cash flows provided by operating activities for the year using the indirect method is $63,000.
True. olby company reports net income of $50,000. for the year, depreciation expense is $15,000 and the company reports a gain of $5,000 from sale of machinery. it also had a $3,000 loss from retirement of notes. as a result, cash flows provided by operating activities for the year using the indirect method is $63,000.
What is meant by net income?The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.
Before taxes, benefits, and other payroll deductions are taken out of an employee's paycheck, that amount is known as their gross pay. Net pay, often known as take-home pay, is the amount that is left after all withholdings have been taken into account.
Net income is the entire amount of money that a person or company made over a specific time period after deducting taxes, costs, and interest. A company's net income, often known as "net profit," "net earnings," or simply "profit," gauges its profitability.
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which of the following foreign policy outlooks assumes that others will act in their own self-interest and hence cannot necessarily be trusted?
American foreign policy outlooks assumes that others will act in their own self-interest and hence cannot necessarily be trusted
What are the four foreign policies?The security of the United States and its citizens and allies, the maintenance of a global balance of power, the assurance of ongoing access to resources and markets , and the defence of human rights and democracy are the four fundamental goals of American foreign policy.The method through which national governments direct their diplomatic exchanges and connections with other nations is known as foreign policy. The goals and principles of a state are reflected in its foreign policy , which also aids in advancing its political and economic objectives across the world.To learn more about foreign policies refer to:
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which of the following terms deals primarily with the tendency of non-media companies to buy smaller media outlets?
Conglomeration is the term that deals primarily with the tendency of non- media companies to buy smaller media outlet.
Conglomeration is the term used to describe the method by which a conglomerate is formed, such as when a parent corporation starts to buy out subsidiaries.
A new firm created by conglomeration is frequently a huge, international, multi-industry corporation.
A corporation can diversify its revenue sources through it, which also lowers market risk and the likelihood of takeover.
Conglomerates can cause weaknesses in the parent firm if they are poorly managed because they are distributed too thinly among too many subsidiaries.
Through mergers and acquisitions, conglomerates are formed.
Companies can pay for mergers and acquisitions with cash, by purchasing shares of stock, or by using a combination of the two.
Question
which of the following terms deals primarily with the tendency of non-media companies to buy smaller media outlets?
option
a) Hypercommercialism.
b) Globalization.
c) Conglomeration
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professor peglers research efforts focus on how the use of heuristics influences the way people assess financial risks
The focus of Professor Pegler's study is on how heuristic use affects how people evaluate financial risks. his studies best illustrate cognitive psychology
A heuristic is a mental shortcut used by people to make judgements quickly and effectively in psychology. In this situation, how you feel in response to a particular stimulus affects the choices you make.
Cognitive psychology is a branch of psychology that focuses on how people think.
The cognitive approach to psychology focuses on the interactions between thinking, emotion, creativity, and problem-solving abilities to impact how and why you think the way you do.
In the discipline of behavioural finance, heuristics and biases have been the subject of extensive investigation.
However, most studies only look at the effects of heuristics and biases in a lab setting, thus they neglect to take into account the fact that financial decisions are likely to be made somewhat differently in a lab setting than in the real world.
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Sheldon Company's balance in prepaid insurance at the beginning and end of the year was $2,500 and $1,000, respectively. This will be reported on the statement of cash flows using the indirect method as:Multiple choice question.O an increase of $1,500 which will be added to net incomeO an increase of $1,500 which will be subtracted from net incomeO a decrease of $1,500 which will be added to net incomeO a decrease of $1,500 which will be subtracted from net incomeAnswer: a decrease of $1,500 which will be added to net income
Statement of cash flows using the indirect method as a decrease of $1,500 which will be added to net income.
What is net income?Sales are subtracted from cost of products sold, selling, general and administrative expenditures, operating expenses, depreciation, interest, taxes, and other expenses to arrive at net income (NI), also known as net earnings. Investors can use this figure to determine how much a company's revenue exceeds its costs. This figure is a measure of a company's profitability and may be found on the income statement.Businesses determine their earnings per share using net income. Since it appears at the bottom of the income statement, net income is frequently referred to as the bottom line by business analysts. In the UK, analysts refer to NI as profit attributable to shareholders.
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from the following, calculate (a) net sales, (b) gross profit, (c) total operating expenses, and (d) net income: sales returns $700, rent expense $1,288, sales discounts $950, depreciation expense $600, cost of merchandise sold $7,600, gross sales $20,900, advertising expense $1,650, salary expense $2,900, and heat expense $900.
(a) Net sales is $19,250
(b) Gross profit is $11,650
(c) Total operating expenses are $7,338
(d) Net income is $4,312
Define Net income.In both business and accounting, net income is the revenue of a firm less costs, depreciation and amortization, interest, and taxes for a particular accounting period.
Sales returns $700
Rent expense $1,288
Sales discounts $950
Depreciation expense $600
Cost of merchandise sold $7,600
Gross sales $20,900
Advertising expense $1,650
Salary expense $2,900
Heat expense $900
(a) net sales= Gross sales- sales returns - sales discount
= $20,900 - $700 - $950
= $19,250
(b) gross profit = 19,250 - 7,600
= $11,650
(c) total operating expenses = 1,288 + 600 + 1,650 + 2,900 + 900
= $7,338
(d) net income= 11,650 - 7,338
= $4,312
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g changes in prices of a good causes movement along the demand curve. movement along the supply curve. no movement along either curve. both a and b.
The changes in prices of a good causes movement along the demand curve. According to the economics, the variation of change price with the demand curve.
The demand curve is the graphical representation between the demand of the commodity and the amount of price, and also with supply curve, quantity of products.
The demand curve represents the increasing products demand with the changes in prices curve with remain all the constant same.
The demand curve, when the prices change is along the quantity demand curve. The demand curve will be upward and downward with respect to other factors.
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A user pays for a retail purchase by placing a smart phone next to the merchant's reader. What mobile device connection is being used?
NFC is the mobile device connection that is being used for the payment of the retail purchase by placing the smart phone next to the merchant's reader.
Near Field Communication is a set of short-range wireless technologies that normally require a connection to be established at a distance of 4 cm or less. Between an NFC tag and an Android-powered smartphone, or between two Android-powered devices, NFC enables the sharing of tiny data payloads.
Tags complexity might vary. Simple tags provide simply read and write semantics, occasionally with sections that can be programmatically turned read-only. More advanced tags feature hardware for cryptography and math operations that allow for sector access authentication.
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