The South African Congress of Nonprofit Organizations (SACONO) focuses on the anti xenophobia imbizo in Orlando, Johannesburg to evaluate modalities of re-integrating foreigners who were recently attacked by locals for supposedly grabbing jobs and imposing businesses targeted by the locals.
Calculate the amount of the bonus.
Answer:
The amount of bonus=$12,992.42
Explanation:
Step 1: Express the formula as one of more algebraic equations
Let B=Bonus
Let T=Taxes
B=8%x($245,000–B–T)...equation 1
T=30%x($245,000–B)...equation 2
Since we have the value of T in equation 2, we can substitute it in equation 1 above;
B=8%x{(245,000–B–30%x(245,000–B)}
B=0.08 x {245,000-B-73,500+0.3 B}
B=0.08 x {245,000-73,500-B+0.3 B}
B=0.08 x {171,500-0.7 B}
B=13,720-0.056 B
B+0.056 B=13,720
1.056 B=13,720
B=(13,720/1.056)=$12,992.42
The amount of bonus=$12,992.42
Step 2: Prepare the adjusting entry to record the bonus compensation
Bonus compensation expense 12,992.42
Bonus compensation payable 12,992.42
B. consider assets
C. avoid
D. add to your assets
2. Which of the following is one way to potentially increase your savings?
A. increase discretionary spending
B. reduce your income
C. reduce discretionary spending
D. increase your expenses
1.A. owe
2.C. reduce discretionary spending
According to the Liabilities are the obligations (amount owed) of an individual or an entity as a result of a past event that future economic resources like cash will emanate from the person or entity. Also, Debt could be an example of liabilities.
The Options may be a, B, and also D will reduce savings as savings may be a function of the income available, and also income could be a function of the income so expense.
Thus, the correct option is C. reduce discretionary spending.
Find out more information about Liabilities here:
Answer:
1. A. owe
2.C. reduce discretionary spending
Explanation:
1. Liabilities are the obligations (amount owed) of a person or an entity as a result of a past event for which future economic resources such as cash will flow out of the person or entity. Debts is a good example of liabilities.
2. Options A, B and D will reduce savings as savings is a function of the disposal income available and the disposal income is a function of the income and expense.
Therefore, the right option is C. reduce discretionary spending.
Answer:
Developing research plan
Explanation:
This is the stage where you plan all you're set to achieve in the study. You itemize likely constraints you're to face in the field and how to tackle them, how you intend to collect your data, your intended respondents and everything needed to make the research process a success.
The research design stage in the marketing research approach includes determining the constraints on activity, necessary data, and data collection methods.
The constraints on the activity, the data needed for decisions, and how to collect data are all determined in the research design step of the marketing research approach. This stage involves planning how the research is going to be conducted. During this phase, researchers identify the type of data needed, how it would be collected, and the parameters within which the study would be executed (constraints). For instance, if a company is looking to understand consumer behavior toward a new product, it might decide to use surveys, interviews, or observational studies as collection methods and seek data on purchasing habits, consumer opinions, and demographic information. This plan provides a framework for the study, ensuring the collected data effectively addresses the research question.
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Answer:
$417 A.
It is an adverse variance.
Explanation:
Fixed factory overhead volume variance is the difference between budgeted output at 100% normal capacity and actual production volume multiplied by standard fixed overhead cost per unit.
Formula
Fixed factory overhead volume variance = (budgeted standard hours for 100% normal capacity - Actual standard output hours) × standard fixed overhead cost per unit.
Calculation
Since 5900 units of a product was produced in 3.546 standard hours per unit, total actual standard hour is therefore;
= 5900×3.546
=20,921 hours
Overhead cost per unit = $1.10 per hour
Hours at 100% normal capacity = 21,300 hours.
Recall the formula for fixed factory overhead volume variance is =(budgeted standard hours for 100% normal output- actual standard output hours)× standard fixed overhead per unit.
Therefore;
Fixed factory overhead volume variance =(21,300 hours - 20,921 hours)× $1.10
=379 hours × $1.10
=$417 A
It is therefore an adverse variance.