some people have jobs some people go to college. assuming these two statements are true most people that attend college have jobs

Answers

Answer 1

Answer: This is false. The premises don't form that conclusion which means that it is a logical fallacy. The two may overlap, but they don't mean that it is true.

Related Questions

Four basic steps are used in an ABC system. List the proper order of these steps, which are currently scrambled below:a. Identify the primary activities and estimate a total cost pool for each.b. Allocate the costs to the cost object using the activity cost allocation rates.c. Select an allocation base for each activity.d. Calculate an activity cost allocation rate for each activity.A) c, a, b, dB) a, c, d, bC) b, a, c, dD) a, d, c, b
Chang Corp. has $375,000 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $550,000, and its net income was $25,000. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15%. What profit margin would the firm need in order to achieve the 15% ROE, holding everything else constant? Do not round your intermediate calculations.
Suppose that Spain and Switzerland both produce beer and cheese. Spain's opportunity cost of producing a pound of cheese is 5 barrels of beer while Switzerland's opportunity cost of producing a pound of cheese is 10 barrels of beer. By comparing the opportunity cost of producing cheese in the two countries, you can tell that (Spain/Switzerland) has a comparative advantage in the production of cheese and (Spain/Switzerland) has a comparative advantage in the production of beer. Suppose that Spain and Switzerland consider trading cheese and beer with each other. Spain can gain from specialization and trade as long as it receives more than (1, 1/10, 1/5, 5, 10) barrels of beer for each pound of cheese it exports to Switzerland. Similarly, Switzerland can gain from trade as long as it receives more than(1, 1/10, 1/5, 5, 10) pound of cheese for each barrel of beer it exports to Spain. Based on your answer to the last question, which of the following prices of trade (that is, price of cheese in terms of beer) would allow both Switzerland and Spain to gain from trade? Check all that apply. A. 6 barrels of beer per pound of cheese B. 1 barrel of beer per pound of cheese C. 7 barrels of beer per pound of cheese D. 4 barrels of beer per pound of cheese
Investors expect the market rate of return this year to be 14.50%. The expected rate of return on a stock with a beta of 1.2 is currently 17.40%. If the market return this year turns out to be 12.10%, how would you revise your expectation of the rate of return on the stock?
On May 1, 2017, Crane Company purchased the copyright to Blue Spruce Corp. for $112800. It is estimated that the copyright will have a useful life of 4 years. The amount of amortization expense recognized for the year 2017 would be:_______. a) $28200 b) $15040 c) $18800. d) $14100.

Esquire Comic Book Company had income before tax of $1,400,000 in 2021 before considering the following material items: Esquire sold one of its operating divisions, which qualified as a separate component according to generally accepted accounting principles. The before-tax loss on disposal was $380,000. The division generated before-tax income from operations from the beginning of the year through disposal of $580,000. The company incurred restructuring costs of $95,000 during the year. Required: Prepare a 2021 income statement for Esquire beginning with income from continuing operations. Assume an income tax rate of 25%. Ignore EPS disclosures. (Amounts to be deducted should be indicated with a minus sign.)

Answers

Answer:

Income statement is prepared below.

Explanation:

Partial income statement

income from continuing operations = 978,750

Discontinued operations:

income from operations of discontinued component = 200,000

income tax expenses 25% of 200,000 = -50000

income from operations of discontinued component =150000

Net income = 1,128,750

Income from continuing operations

income before additional items = 1,400,000

less: restructuring cost -95000

Income before tax = 1305,000

less: tax 25% = -326,250

Income from continuing operations = 978,750

Wayne and celia had been married for 24 years before wayne died in an accident in 2014 . celia and her son, wally, age 21 in 2014 , continued to live at home in 2014 , 2015 , 2016 , and 2017 . wally worked part-time (earning $5,000 in each of the four years) and attended the university on a part-time basis. celia provided more than 50% of wally's support for all four years. what is celia's filing status for 2014 , 2015 , 2016 , and 2017 ?

Answers

Answer:

I have put the filing status in table. So please refer attachment 1 for the table.

Explanation:

Please refer to attachment 1 for explanation.

Celia was married 24 years ago, i.e. 1980 and in 2014 her husband died, now her filing status is Widower since she didn’t marry till 2016 but she has son so he would be dependent member because Celia pays more than 50% of his expenses. Hence, the filing status for Celia would remain same till she pays for her son.

2014 married with 1 dependent, then for 2015 on...single with 1 dependent.

An apparel manufacturing plant has estimated the variable cost to be $21 per unit. Fixed costs are $1M per year. Forty percent of its business is with one preferred customer and the customer is charged at cost(without profit). The remaining 60% of the business is with several differant customers and they are charged $40 per unit. Find. a.The break even volume for this job.
b.The unit cost if 100,000 units are made per year.
c.The annual profit for this quantity(100,000 units).

Answers

Answer:

a. Break Even Profit = Fixed Cost / Contribution Per Unit

Fixed Cost = $1,000,000

Contribution Per Unit = 40 - 21 = $19 Per Unit

Break-even Profit = 1,000,000 / 19 = 52,631.57 Units

b. Unit Cost = $21 Per Unit

Applied Fixed Cost= 1,000,000 / 100,000 = $10 Per Unit

Total Cost = Unit cost + Applied fixed cost = $21 per unit + $10 per unit = $31 Per Unit

c. Annual Profit:

Sales $3,640,000

(60,000 x 40) (40,000 x 31)

Less: Variable Cost $2,100,000

Less: Fixed Cost $1,000,000

Profit $540,000

For a manufacturing company that you are consulting for, managers are unsure about making inventory decisions associated with a key engine component. The annual demand is estimated to be 15,000 units and is assumed to be constant throughout the year. Each unit costs $80. The companys accounting department estimates that its opportunity cost for holding this item in stock for one year is 18% of the unit value. Each order placed with the supplier costs $220. The companys policy is to place a fixed order for Q units whenever the inventory reaches a predetermined reorder point that provides sufficient stock to meet demand until the suppliers order can be shipped and received. As a consultant, your task is to develop and implement a decision model to help them arrive at the best decision. As a guide, consider the following:

1. Define the data, uncontrollable inputs, and decision variables that influence total inventory cost.

2. Develop mathematical functions that compute the annual ordering cost and annual holding cost based on average inventory held throughout the year in order to arrive at a model for total cost.

3. Implement your model on a spreadsheet.

4. Use data tables to find an approximate order quantity that results in the smallest total cost.

5. Use Solver to verify your result.

6. Conduct what-if analyses to study the sensitivity of total cost to changes in the model parameters.

7. Explain your results and analysis in a memo to the vice president of operations.

Answers

Answer:

Annual Demand = 15,000 units

Cost of each unit = $ 80

Holding Cost = 18% of unit value

Ordering Cost = $ 220 per order

For implementation of a good decision model regarding inventory after considering all type costs assisted to it such as: holding cost and ordering cost, concept of EOQ is applied.

EOQ = ((2 * Annual Demand* Ordering Cost) / (Holding Cost))1/2

= ((2 * 15000 * 220) / (80*18%))1/2

= 677 units

Hence this quantity states that this manufacturing company should reorder the quantity when it has 677 units.

2)Mathematically, costs related to inventory are computed in the following manner:

1) Annual ordering cost = Ordering cost per order * Number of orders in a year

= 220 * 15000/677 = 220 * 22 = 4840

2) Holding cost = Holding cost per unit * Average inventory throughout the year

Average inventory throughout the year = 15,000/12 = 1250 units

Holding cost = 18%* 1250 = 225

Total cost = 4840 + 225 = 5065

Ford Motor Company is considering launching a new line of Plug-in Electric SUVs. The heavy advertising expenses associated with the new SUV launch would generate operating losses of $35 million next year. Without the new SUV, Ford expects to earn pre-tax income of $80 million from operations next year. Ford pays a 30% tax rate on its pre-tax income.The amount that Ford Motor Company owe in taxes next year without the launch of the new SUV is closest to:

A) $24.0 million
B) $56.0 million
C) $31.5 million
D) $13.5 million

The amount that Ford Motor Company owe in taxes next year with the launch of the new SUV is closest to:

A) $13.5 million
B) $31.5 million
C) $56.0 million
D) $24.0 million

Answers

Answer:

(a) Option (A) is correct.

(b) Option (A) is correct.

Explanation:

Given that,

With the new SUV launch,

Generate operating losses = $35 million next year

Without the new SUV,

Expects to earn pre-tax income = $80 million from operations next year

Tax rate on its pre-tax income = 30%

(a) The amount that Ford Motor Company owe in taxes next year without the launch of the new SUV is closest to:

= Expected pre-tax income × Tax rate on its pre-tax income

= $80 Million × 30%

= $24 Million

(b) The amount that Ford Motor Company owe in taxes next year with the launch of the new SUV is closest to:

= ( Expected pre-tax income - operating losses) × Tax rate on its pre-tax income

= ($80 Million - 35 Million) 30%

= $13.5 Million

Final answer:

If Ford does not launch the new Plug-in Electric SUV, it will owe $24 million in taxes. However, if the new SUV is launched, its tax obligation decreases to $13.5 million due to the operating losses reducing pre-tax income.

Explanation:

If Ford Motor Company does not launch the new SUV, its pre-tax income would be $80 million. Given that the tax rate is 30%, the taxes owed would be 30% of $80 million, which equals $24 million, so the correct answer is option A) $24.0 million.

However, if the company does decide to launch the new SUV, it would incur operating losses of $35 million. This would reduce the pre-tax income to $80 million - $35 million, which is $45 million. The taxes would then be 30% of $45 million, which equals $13.5 million, so for this scenario, the correct answer is D) $13.5 million.

Learn more about Tax calculations here:

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A car's price is currently $20,000 and is expected to rise by 4% a year. if the interest rate is 6%, how much do you need to put aside today to buy the car one year from now?a. $18,182b. $19,231

c. $19,263d. $14,085

Answers

Answer:

$19,591.63

Explanation:

1. Calculate the price of the car in a year from now.

This is add the 4% on the current price:

$20,000 × 1.04 = $20,800

2. Calculate the amount of money that must be put aside to have $20,800 in a year:

Use the formula of monthly compound interest, with 6% annual interest

r = 6% / 12 = 0.06/12 = 0.05

P(1 + 0.005)¹² = $20,800

P = $20,800 / (1 + 0.005)¹² = $19,591.63

Other Questions

It costs Waterway Company $26 per unit ($18 variable and $8 fixed) to produce its product, which normally sells for $38 per unit. A foreign wholesaler offers to purchase 5400 units at $21 each. Waterway would incur special shipping costs of $2 per unit if the order were accepted. Waterway has sufficient unused capacity to produce the 5400 units.If the special order is accepted, what will be the effect on net income?

Plush Corporation purchased 100 percent of Common Corporation’s common stock on January 1, 20X3, and paid $450,000. The fair value of Common’s identifiable net assets at that date was $430,000. By the end of 20X5, the fair value of Common, which Plush considers to be a reporting unit, had increased to $485,000; however, Plush’s external auditor made a passing comment to the company’s chief accountant that Plush might need to recognize impairment of goodwill on one or more of its investments.Prepare a memo to Plush’s chief accountant indicating the tests used in determining whether goodwill has been impaired. Include in your discussion one or more possible conditions under which Plush might be required to recognize impairment of goodwill on its investment in Common Corporation.In preparing your memo, review the current accounting literature, including authoritative pronouncements of the FASB and other appropriate bodies. Support your discussion with citations and quotations from the applicable literature.

You are reviewing your client's Multicurrency company Balance Sheet, and the balance as of the previous fiscal year-end for their Canadian bank account, which they closed last year, is a $10 debit balance in US dollars (the home currency). However, the Canadian dollar balance correctly indicates the account has been closed. Why would this be the case? 1. You have to create a journal entry debiting foreign exchange gain or loss $10 and crediting the Canadian bank account $10. 2. The Canadian bank account has not been reconciled as of the last fiscal year. 3. The Balance Sheet shows the cumulative balance of the account in the home currency based on the home currency value of each of the transactions using the exchange rate that appears on each screen. 4. You have to perform a home currency adjustment for the Canadian bank account as of the current date 5. You have to perform a home currency adjustment for the Canadian bank account as of the last fiscal year.

The basic promotion objectives and adoption process fit very neatly with an action-oriented model, which is called theA) bricks and clicks model.B) bait and hook model.C) AIDA model.D) DAGMAR model.E) economic buyer model.