Answer: No it's not plausible.
Explanation:
Here is the complete question:
Suppose that your state raises its sales tax from 5 percent to 6 percent. The state revenue commissioner forecasts a 20 percent increase in sales tax revenue. Is this plausible? Explain.
From the question, we are told that the state increases its sales tax from 5 percent to 6 percent and the state revenue commissioner predicted that a 20 percent increase in the sales tax revenue due to the increase in sales tax.
This is not plausible, when the sales tax increases from from 5 percent to 6 percent, this will lead to an increase in the prices of the goods. According to the law of demand, the higher the price of goods and services, the lower will be the demand for the good. So, in this case, due to the increase in sales tax, it may prompt the consumers to reduce their spending.
Therefore, a 20 percent increase in the sales tax revenue is not plausible. Even if there will be an increase in the sales tax revenue, it won't be up to 20 percent.
For each of the following costs incurred at Northwest Hospital, indicate whether it would most likely be a direct cost or an indirect cost of the specified cost object by listing the number and a "D" for direct or an "I" for indirect. For example: 1D, 2D, etc.
a. The wages of pediatric nurses / The pediatric department
b. Prescription drugs / A particular patient
c. Heating the hospital / The pediatric patient
d. The salary of the head of pediatrics / The pediatric patient
e. The salary of the head of pediatrics / The particular pediatric patient
f. Hospital chaplain's salary / A particular patient
g. Lab tests by outside contractor / A particular patient
h. Lab tests by outside contractor / A particular department
Answer:
Northwest Hospital
aD
bD
cI
dI
eI
fI
gD
hD
Explanation:
Direct costs are costs that are directly traceable to the production of goods and services and can be identified with a unit of production. While direct costs are usually variable, some direct costs can be fixed.
Indirect costs are costs that support the operation of the company. They cannot be traced to any unit of production. Similarly, some indirect costs are variable while others are fixed.
Answer:
Investors structure is a significant part of an organization. In this manner, it is important to provide the significant data so they can take inform decision. The yearly report give the imperative data the utilization of which they can shape solid justification for taking choices. In any case, most of the time, dominant part of the investors/speculators barely spend their valuable time on examining every single figure gave in the financials. They experience the nuts and bolts and basics as it were. In this manner just material realities must be unveiled in the reports as contenders might be peering toward on the subtleties. That is, it is significant not to reveal the "exchange insider facts" of the organization in its reports. A lot of data prompts data over-burden with which contenders may exploit. It ought to likewise be dealt with that what must be incorporated is incorporated as a general rule.
As a CFO of a publicly-traded company, one should focus on providing meaningful and relevant information to shareholders without revealing strategic specifics that would benefit competitors. This balance can be achieved through effective disclosure management.
As the CFO of a publicly-traded company, you must balance between sharing too much information which can aid your competitors and offering comprehensive details to investors for performance evaluation. The key to resolving this conflict lies in disclosure management. More specifically, you should focus on providing meaningful and relevant information to support investors' decision-making without revealing strategic specifics that would help competitors. For example, quantitative information related to sales, cost, profit, and balance sheet items could be released, along with commentary on operational and financial performance. However, strategic plans, detailed product plans and similar items that could give an advantage to competitors should not be disclosed.
#SPJ3
b. Home but not Foreign will gain from trade.
c. Neither Home nor Foreign will gain from trade.
d. Home and Foreign will both gain from trade.
When the world relative price lies somewhere between the autarky relative price, D. Home and Foreign will gain from trade.
It should be noted that a relative price simply compares the price of a commodity in terms of another.
In this case, when the world relative price lies somewhere between the autarky relative price, both home and foreign will gain from trade.
Learn more about relative price on:
When the world relative price is within the range of the autarky relative prices of Home and Foreign countries, it implies better rates for international trade as compared to the domestic trade for both countries. Thus, both Home and Foreign will benefit from trade.
If the world relative price lies somewhere between the autarky relative price of Home and the autarky relative price of Foreign, then both Home and Foreign will gain from trade. This implies that the global trade price falls within the local prices at which both countries would independently trade goods. Consequently, both countries will benefit because they can now trade at better terms.
Here's how it works: At autarky (a state where a country does not engage in international trade), each country would trade goods domestically at a certain price ratio (the relative price). If the global trade price falls within these domestic relative prices, then both countries can trade internationally at better rates compared to their autarky situation, leading to mutual beneficial trade.
Therefore, the answer to your question is (d) Home and Foreign will both gain from trade.
#SPJ12
b) $600,000
c) $54,000
d) $126,000
Answer:
b) $600,000
Explanation:
The break-even sales can be regarded as sales value in which the result makes the firm to report zero profit.
Total fixed costs was given from the question as ( $180,000)
The Contribution margin ratio was give from the question as ( 30%)= 0.3
✓break even point can be calculated as ratio of Total fixed costs to Contribution margin ratio. This can be expressed as
break even point=[Total fixed costs ]/ [ Contribution margin ratio.]
Substitute,
break even point= [ $180,000]/ [0.3]
=$600,000
a) motivation.
b) organizational citizenship behaviors (OCB).
c) ethical sensitivity.
d) ability.
Answer:
d) ability
Explanation:
Based on the information provided regarding the scenario at hand it seems that Dave is trying to improve his employees' abilities and role-perception. Dave wants this training to allow his employees to gain the knowledge of how to operate correctly and efficiently during work-hours in order to increase overall performance and at the same time customer satisfaction.
1. JournalizetheJanuary1,2018,purchase.
2. Journalize the first monthly payment of $3,370 on January 31, 2018. (Round to the nearest dollar.)
Answer:
1)Jan 1
Dr Building $295,000
Dr Land $45,000
Cr Mortgages Payable 300,000
Cr Cash $40,000
2)
Jan. 31
Dr Mortgages Payable $1870
Dr Interest Expense $1,500
Cr Cash3,370
Explanation:
1) Journal entries
Jan. 1
Dr Building $295,000
Dr Land $45,000
Cr Mortgages Payable 300,000
($295,000+$45,000=$340,000-$40,000
=$300,000)
Cr Cash $40,000
Purchased building and land with mortgages payable and cash payment.
2)
Jan. 31
Dr Mortgages Payable ($3,370 − $1,500) $1870
Dr Interest Expense (300,000 × 0.06 × 1/12)$1,500
Cr Cash3,370
Paid principal and interest payment