The scenario where a firm pay part, but not all, of its fixed costs is when the price exceeds average variable cost but is less than average total cost.
What is a fixed cost?It should be noted that a fixed cost simply means a cost that doesn't vary with the production level.
In their case, the scenario where a firm pay part, but not all, of its fixed costs is when the price exceeds average variable cost but is less than average total cost.
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The county collector of suncoast county is responsible for collecting all property taxes levied by funds and governments within the boundaries of the county. to reimburse the county for estimated administrative expenses of operating the tax agency fund, the agency fund deducts 1.5 percent from the collections for the town, the school district, and the other towns. the total amount deducted is added to the collections for the county and remitted to the suncoast county general fund.
the following events occurred in 2017:
1. current-year tax levies to be collected by the agency were:
county general fund $ 10,333,000
town of bayshore general fund 4,840,000
suncoast county consolidated school district 6,550,000
other towns 3,120,000
total $ 24,843,000
2. $13,700,000 of current taxes was collected during the first half of the year.
3. liabilities to all funds and governments as a result of the first half-year collections were recorded. (a schedule of amounts collected for each participant, showing the amount withheld for the county general fund and net amounts due the participants, is recommended for determining amounts to be recorded for this transaction.)
4. all cash in the tax custodial fund was distributed.
all additions and deductions were recorded by the custodial fund.
additions and deductions are aggregated because resources are held less than three months.
required
a. prepare journal entries for each of the foregoing transactions that affected the tax agency fund. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your answers to the nearest whole dollar amount.)
1. record the current-year tax levies to be collected by the agency.
2. record the current taxes collected during the first half of 2017.
3. record the liabilities due to all funds and governments at the end of first half-year.
4. record the distribution of all cash in the tax agency fund
b. prepare journal entries for each of the foregoing entries that affected the town of bayshore general fund. begin with the tax levy entry, assuming 2 percent of the gross levy will be uncollectible. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your answers to the nearest whole dollar amount.)
1. record the revenues receivable and uncollectible.
2. record the taxes collected
Answer:
$1,500,000
Explanation:
County receives funding from numerous sources. County has no control to introduce new taxes or increasing current taxes, except for property tax.
Given:
County collected for a school district = $1,000,000
County for General Fund = $5,000,000
For town located in the County = $500,000
Hardin County Agency Fund = County for school + County for a town
= $1,000,000 + $500,000
= $1,500,000
brainlest pleas
In the Suncoast county firm, the the current-year tax levies to be collected by the agency is $24,843,000 and net remittance is $13,700,000.
What do you mean by revenues receivable?The amount of outstanding debts that management truly anticipates recovering is represented by the net reported amount of the total receivable and the allowance. The gross quantity tallied for the sale of products or services is referred to as revenue. The revenue statement's upper line displays this sum.
On the balance statement, accounts outstanding are shown as current assets. Any sum of money that clients owe for transactions they made with credit is known as AR.
Receivables is not an income account; it is an equity account. Contrarily, when using accrual accounting, you document income along with an account receivable.
Therefore, in the Suncoast county firm, the the current-year tax levies to be collected by the agency is $24,843,000 and net remittance is $13,700,000.
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The image is attached:
What region in georgia is known for textiles and carpet.
Answer:
The Valley and Ridge Region
Explanation:
The distribution activities associated with logistics relate to the __________ aspect of the 4 Ps of the marketing mix.
Place is the distribution activities associated with logistics relate to the aspect of the 4 Ps of the marketing mix.
What is marketing mix?Marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market.
Elements of marketing mix includes:
PlacePriceProductPromotionHence, Place is the distribution activities associated with logistics relate to the aspect of the 4 Ps of the marketing mix.
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A company sells 800 units at $16 each, has variable costs of $12 per unit, and fixed costs of $1,200. Income is $
Assuming a company sells 800 units at $16 each, has variable costs of $12 per unit. The after-tax income is $1,200.
After-tax incomeUsing this formula
After-tax income=(Selling units×Selling price)-[(Variable costs×Selling price)+Fixed costs]×(1- tax rate)
Let plug in the formula
After-tax income=(800 units× $16 each)-[(800 units × $12 each)+$1200]×(1-.40)
After-tax income=$12,800-($9,600+$1,200)×0.60
After-tax income=$12,800-$10,800×0.60
After-tax income=$2,000×0.60
After-tax income=$1,200
Inconclusion the after-tax income is $1,200.
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Given sales of $1,452,000, variable expenses of $958,320 and fixed expenses of $354,000, the contribution margin ratio is ______
Answer:
34%
Explanation:
( ($1,452,000 - $958,320) ÷ $1,452,000 = 34% )
A company sells equipment for $5,000. The original cost was $50,000. The
accumulated depreciation is $45,000. The sale results in
O A. a gain of $1,000
a
B. neither a gain nor a loss
O c. a loss of $1,000
D. a gain of $5,000
Assuming the company sells equipment for $5,000 and the original cost was $50,000. The sale results in: B. neither a gain nor a loss
Gain or lossFirst step is to calculate the book value using this formula
Book value=Original cost-Accumulated depreciation
Let plug in the formula
Book value=$50,000-$45,000
Book value= $5,000
Second step
Since the proceeds (equipment) is the amount of $5,000 in which the book value is as well $5,000 there is neither gain nor a loss.
Inconclusion the sale results in: B. neither a gain nor a loss.
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What is the maximum amount of new loans the bank could lend with the given amounts of reserves?
The maximum amount of new loans to the bank could lend with the given amounts of reserve is; $400million.
Maximum amount of New loansIt follows from macroeconomics calculations that;
The maximum amount of new loans to the bank!= The current amount in reserves * The multiplier.
Given that the amount in reserves is $80 million.
$80 million * (1/20%)$80 million * (5) = $400 million.Ultimately, the maximum amount in new loans given the amount in reserves is; $400 million.
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When social security is taken out of your paycheck, is all of that money being saved for your eventual retirement? how does that work?.
When social security is taken out of one's paycheck, not everything is saved for retirement.
What is social security?Social security is simply designed to pay retired workers that are 65 years and older.
In this case, social security is taken out of one's paycheck, not everything is saved for retirement. They are put in place to provide payments to those with limited incomes.
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Why is it important to plan early for your retirement?
That way you can choose the right major in college.
In order to take advantage of the power of compounding.
Planning early will allow you to invest in new companies.
Taxes on retirement investments increase as you get older.
It is quite important to begin to plan early for your retirement In order to take advantage of the power of compounding.
Why should you plan early for retirement?When you start planning early for retirement, you get to invest funds earlier and leave them to grow for longer.
This means that you can take advantage of the power of compounding, in that your investment will compound for longer and accumulate to higher levels.
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A type of pricing strategy we’re in the same product being sold at a different place but have different price
View filters may be applied retroactively to any data that has been processed.
View filters van be applied retroactively to processed data. Therefore, it's true.
What is data?It should be noted that data simply means the facts and statistics that are collected together for reference or future analysis.
In this case, view filters may be applied retroactively to any data that has been processed.
In conclusion, it's true.
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Hugh has made an appointment to speak with a local librarian about their job. What kind of exploration is Hugh setting up?
career presentation
informational interview
job shadowing
internship
Answer:
The answer would be an informational interveiw
Explanation:
Hope this helps:)...if not then sorry for wasting your time and may God bless you:)
Which feature of a bond contract allows the issuer to redeem a bond issue immediately in its entirety at an amount greater than par value prior to maturity?.
A call provision is a bond contract allows the issuer to redeem a bond issue immediately in its entirety at an amount greater than par value prior to maturity.
What is call provision?Call provision is charged with a bond and it allows an individual buy bond immediately.
It comes in form of fixed-income instrument that allows the issuer of the bond to repurchase.
Therefore, A call provision is a bond contract allows the issuer to redeem a bond issue immediately in its entirety at an amount greater than par value prior to maturity
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Definitions Types of Companies a. Purchases goods that are primarily in finished form for resale to customers. b. Records revenues when providing services to customers. c. Produces the goods they sell to customers.
The definitions of types of Companies is one that c. Produces the goods they sell to customers.
What is a company?A company serves as the legal entity formed by a group of individuals for production of goods and services.
They do engage in and operate a business which could be commercial or industrial enterprise.
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You have been asked to calculate the internal rate of return for an investment with the following cash flows, using the Excel IRR function: The cost of the investment is $500,000. Cash flows in years 1 through 5 are $200,000; $160,000; $120,000; $80,000; and $40,000, respectively. There is no residual value to the investment. Using Excel's IRR function, what is the internal rate of return on the investment after 3 years
Answer:
9.92 %
Explanation:
Year 0 = ($500,000)
Year 1 = $200,000
Year 2 = $160,000
Year 3 = $120,000
Year 4 = $80,000
Year 5 = ($40,000 + $25,000) = $65,000
therefore,
the internal rate of return on the investment after 5 years is 9.92 %
You have been asked to calculate the internal rate of return for an investment with the following cash flows, using the Excel IRR function.
T internal rate of return for the investment after 3 years, we need to use the Excel IRR function. Here are the steps:
Step 1: Create a list of cash flows. In this case, the cash flows are as follows:
Year 0 (Initial Investment): -$500,000
Year 1: $200,000
Year 2: $160,000
Year 3: $120,000
Year 4: $80,000
Year 5: $40,000
Step 2: In Excel, use the IRR function to calculate the internal rate of return. In this example, the cash flows are in cells A1 to A6.
In cell A7, input the formula:
=IRR(A1:A6)
The internal rate of return on the investment after 5 years is 9.92 %
This means the internal rate of return on the investment after 3 years is 9.92%. It indicates the annualized rate of return the investment is expected to generate over the first three years.
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Whenever price is ______ average variable costs but is ______ average total costs, the firm can pay part, but not all, its fixed costs by producing.
Whenever price is exceed average variable costs but is less than average total costs, the firm can pay part, but not all, its fixed costs by producing.
What is price?Price is the money paid for a service rendered or goods and services bought.
The price of a goods is determined by the number of goods or the type of an item.
Therefore, Whenever price is exceed average variable costs but is less than average total costs, the firm can pay part, but not all, its fixed costs by producing.
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The amount of goods to be acquired from suppliers during the period is shown on the _______ budget.
The amount of goods to be acquired from suppliers during the period is shown on the merchandise or purchase budget.
What is the purchases budget?The purchases budget shows the quantity and amount of goods that a merchandiser needs to order from suppliers for the budget period.
Preparing the purchases budget helps to estimate demand and order points.
A company also uses the purchases budget to prepare for increases or changes in product lines or the launching of new products.
Thus, the amount of goods to be acquired from suppliers during the period is shown on the merchandise or purchase budget.
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MY OWN BUSINESS INSTITUTE
WNBUSINESS
INSTITUTE
All
My
Courses Account
5 failed logins
Generally speaking, which of the following businesses would be easier to start and
command better pricing power?
Select one:
o Operate your own self-service gas station.
indmother's nrnnrietary resine
Answer:
it hink it would be B
Explanation:
hope that helps
Which of the following technology tools is capable of recording the number of outgoing calls placed on a telephone?
A) total trap
B) pen register
C) trap and trace
D) pen trace
Answer:
I think it's a pen register
Explanation:
Hope this helps:)...if not then sorry for wasting your time and may God bless you:)
Manipulating someone within an organization to gain access to confidential information is called.
Answer:
Social Engineering
Explanation:
Social Engineering is the use of centralized planning in an attempt to manage social change and regulate the future development and behavior of a society, a form of sabotage.
Which of the following agencies can request that more money be printed
Answer:
Only the Federal Reserve -- America's independent central bank -- can instruct the Bureau of Engraving and the U.S. Mint to print more money. Typically, the Fed makes one phone call a year to the Bureau of Engraving with a request for more money to be printed.
Explanation:
Sarai spends her day checking through boxes of built product to ensure accuracy in production. She makes sure there is enough product to meet the demand. Based on her tasks, which is most likely her career? Manufacturing Production Process Development Maintenance, Installation, and Repair Logistics and Inventory Control Health, Safety, and Environmental Assurance.
Based on the fact that Sarai is usually making sure there is enough supply, she is most likely a Logistics and Inventory Control officer.
What does a Logistics and Inventory Control officer do?They make sure that the company has enough inventory to meet the demands of customers.
They also check the purchases that the company acquires for quality and accuracy before they can be sold to customers. This is what Sarai does.
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Answer:
Logistics and Inventory Control
Explanation:
Good Luck
In the new global economy, an increasing proportion of influential financial decisions are being made in
An increasing proportion of influential financial decisions are being made in Major corporate centers such as New York, London, and Tokyo in
new global economy.
What is global economy?The global economy serves as the economy of all humans of the world, which is the global economic system.
And this includes all economic activities which are conducted both within and between nations.
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E-mail is an temporary message medium. please select the best answer from the choices provided t f
The given statement is correct that E-mail is a temporary message medium, and it is considered as a formal business communication.
What is E-Mail?Electronic mail is a well known method of interchanging the various messages between people by employing the electronic devices.
It is also considered a formal medium of business communication, as it is mostly used in the business organization.
It is considered as a temporary message medium because some of the messages are often triggers in the mailbox that temporarily move to the Microsoft Exchange Server.
Therefore, the given statement is true.
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Answer:
The answer is FALSE. Emails last forever. They are also INFORMAL communication, not formal.
Nancy is single, with an Adjusted Gross Income of $25,985. She has one exemption of $12,400. What is the amount of tax due
Answer:
tax due $1324 and tax withheld $678
Explanation
$1324 is the correct
The tax due at the end of assessment year is $ 1324 .
What is Adjusted Gross Income ?Since there are no deductions in this situation, we omit that component of the equation in order to arrive at the taxable income. This is explained by the equation AGI - (Exemptions + Deductions). When you divide the AGI (25,985) by the exemption (12,400), you get 13,585, and since she is single, she qualifies for the $1,324 solution on the chart.
The Internal Revenue Service (IRS) utilizes your adjusted gross income (AGI) amount to calculate your annual income tax liability. It is determined by deducting specific adjustments from gross income, including company costs, student loan interest costs, and other costs. A taxpayer's taxable income is calculated by deducting deductions from their adjusted gross income (AGI).
Your AGI is your gross income after some ordinarily permitted deductions have been added back in (MAGI). AGI and MAGI will frequently be the same for many folks.
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Experience has shown that 60% of sales are collected in the month of sale and 40% are collected the month after sale. Calculate expected cash collections for the month of april.
The expected cash collections for ABC, Inc's expected sales for the month of April is $156,000
What is budgeting?
Budgeting is the tactical implementation of a business plan. It is the process of creating a plan to spend your money.
Given the information above,
= Expected sales in March * 60% of sales are collected in the month of sale
= 160,000 X .60
= $96,000
= Expected sales in Feb * 40% cash collected the month after sale
= 150,000 X .40
= $60,000
Expected cash collections for ABC
= $96,000 + $60,000
= $156,000
Hence, the expected cash collections for ABC, Inc's expected sales for the month of April is $156,000
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A binding price ceiling is designed to:Question 2 options:a) increase efficiency.b) prevent shortages.c) keep prices below the equilibrium level.d) increase the quality of the good.
A binding price ceiling is designed to c) keep prices below the equilibrium level.
What is a binding price?A binding price ceiling is a term used to refer to a case whereby government sets a required price on a good or goods.
This price is usually set at a price below equilibrium.
Producers are are usually at the beneficial sides as a result of the binding price floor incase the price is higher than equilibrium price.
while Consumers are always worse off since they must pay more for a lower quantity.
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Which statement(s) most directly apply to capitalism? i. there is heavy government regulation of industry. ii. individuals can start some, but not all, kinds of enterprises. iii. the price and availability of goods is determined primarily by the market. a. i and ii b. ii only c. i and iii d. iii only
The most directly applied sentence for capitalism is the price and availability of goods are determined primarily by the market. As the market is a free market in the economy.
What is Capitalism?
Capitalism is commonly thought of as an economic system in which private actors own and control the property.
According to their own interests, demand and supply freely set market prices in ways that benefit society.
Thus, option D which is iii only is correct.
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_________________ comes with best-in-class creative publishing tools, so you can create ads from scratch or tap into existing assets.
Creative tools comes with best-in-class creative publishing tools, so you can create ads from scratch or tap into existing assets.
What are creative tools?Creative tools are methods, approach and materials that is use to generate information and also disseminate information on a short time.
It can be use to generate good innovation and idea that is needed for ads.
Therefore, Creative tools comes with best-in-class creative publishing tools, so you can create ads from scratch or tap into existing assets.
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When using the four-step process for organizing creative thinking, which step involves ideas beginning to flow?
Th illumination stage is the stage at which the ideas from creative thinking began to flow.
What is a creative thinking?This refers to a thinking process that is intented to gain a new insights and different ideas through existing information
The stages of the creative thinking includes:
PreparationIncubationIlluminationEvaluationVerificationIn conclusion, the illumination stage is the stage at which the ideas from creative thinking began to flow because the ideas are been illuminated from the mind.
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Among the four-step process for organizing creative thinking, the step of thinking which involves ideas beginning to flow is the Illumination.
What is a creative thinking?The Creative thinking is defined as the thinking procedure that is intended to obtain a fresh perception and different ideas through existing information.
These behaviors can assist companies in developing services, products and other offers that set them apart from their competition.
Stages of Creative thinking:
There are Four stages of the creative thinking:
Preparation Incubation Illumination EvaluationTherefore, illumination phase is the phase at which the thoughts from creative thinking start out to flow because the thoughts are being illuminated from the mind.
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