When these costs either extend the useful life of an existing asset or increase its productive capacity.
Are repairs and maintenance capitalized?When to Capitalize Maintenance and Repair Costs These expenses are instead regarded as capital expenditures when they either expand the productive capacity or lengthen the usable life of an existing asset.
To restore an asset's condition, repair and maintenance expenses are incurred. When utilising the accrual method of accounting, the correct way to account for these expenditures is to charge them to expense in the period in which they are incurred. When the accompanying supplier invoice is paid, the cost is recorded as an expense when utilising the cash foundation of accounting.
In either scenario, the Repairs and Maintenance Expense account will be charged. The charge is subsequently recorded as an expense on the income statement.
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If a company increases its sales price per unit for Product A the new breakeven point will O A remain the same O B. decrease O C. increase O D. More information is needed
If a company increases its sales price per unit for product A new breakeven point will remain the same.
What is a breakeven point?The breakeven point (breakeven price) for a trade or investment can be calculated by comparing an asset's market price to its purchase price. When both prices are the same, the breakeven point is attained. By dividing the entire fixed costs associated with production by the revenue per unit less the variable expenses per unit, the breakeven point (BEP) formula in corporate accounting is calculated. The costs that remain constant regardless of the number of units sold are referred to in this sense as fixed costs. In many circumstances, breakeven points (BEPs) are helpful. At that price, the homeowner would make exactly break even and would not lose money.
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Refer to Figure 6-18. The price that buyers pay after the tax is imposed is
a. $8.
b.10
c.16
d.24
Given that it is a maximum price set by the government that is less than the equilibrium price, a price ceiling of $6 would be legally binding.
What sort of example would a government-imposed price of $12 be in this market?Answer d is the right one. pricing cap that is restrictive and causes a shortage. The $12 set by the government is less than what is offered on the market. As a result, because it is below the market price, this price ceiling also has legal force.
When is a market enforced a binding price floor?According to the Corporate Finance Institute, a necessary price floor is created when the government sets a price above equilibrium for an item or collection of goods. since it is required by law that prices remain unchanged
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Which type of audit is performed to determine if a health care organization is adhering to Health Insurance Portability and Accountability Act (HIPAA) regulations
A compliance audit is carried out to ascertain a healthcare company.
What is compliance audit?A compliance audit examines all aspects of a company's conformity to legal requirements. In the course of a compliance audit, audit reports assess the robustness and completeness of conformity preparation, appropriate security, user access controls, and risk management practices.
An organization's adherence to internal laws, laws and regulations, norms, and even codes of conduct is evaluated through a compliance audit. A variety of audit types are used in an audit to examine the efficacy of a company's inner controls. Internal audits, IRS audits, and external audits are the three primary categories of audits.
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Garcia Company had the following selected transactions during the year. Jan. 1 The company paid $6,200 cash for 12 months of insurance coverage beginning immediately. Aug 1 The company received $2,700 cash in advance for 6 months of contracted services beginning on August 1 and ending on January 31. Dec. 31 The company prepared any necessary year-end adjusting entries related to insurance coverage and services performed. A. Record journal entries for these transactions assuming Garcia follows the usual practice of recording a prepayment of an expense in an asset account and recording a prepayment of revenue received in a liability account
1st January
Debit Cash 6,200
Insurance of prepaid credits 6,200
1st August
Debit Cash 2,700
Unearned Service Revenue 2,700
31st of December
Debit prepaid insurance 2,200
Loan insurance costs 2,200
Debit Unearned Service Revenue 2,700
Loan servicing revenue 2,700
Garcia Company follows the usual practice of recording the advance for the expense to an asset account and recording the advance for the revenue received to the liability account. This means that when a company pays for services or insurance coverage in advance, the amount is recorded as an asset or liability on the balance sheet. After services are rendered, the amount of unearned service revenue is adjusted to the amount of service revenue.
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Which of the following actions of an automobile firm will be considered as a strategic commitment?
a. The firm spending $100,000 on renting a manufacturing facility to meet the temporary demand for its cars
b. The firm launching an existing model of a car in red as a limited edition for six months
c. The firm promoting its new model of coupe through a free Europe trip worth $15,000 to be won as an early bird offer
d. The firm investing eight years and $4 billion to develop a range of hybrid cars with which it will compete in the future
Option (D) . The firm investing eight years and $4 billion to develop a range of hybrid cars with which it will compete in the future.
What is hybrid in a car?
A hybrid electric vehicle is powered by an internal combustion engine and one or more electric motors that use energy stored in batteries. It is not possible to connect a hybrid electric vehicle to charge the battery. Instead, the battery is recharged by regenerative braking and the internal combustion engine.
What is downside of hybrid car?
Bad handling:
Hybrids have more engines than traditional cars, which means more weight and less fuel consumption. As a result, hybrid vehicle manufacturers have had to downsize motors and batteries to save weight. However, this reduces vehicle performance and reduces body and suspension support.
Can hybrid car go for long distance?
Your hybrid can certainly handle long trips efficiently. The hybrid works more efficiently if you keep it under 50 mph. Driving in urban areas is therefore a more efficient way of getting around.
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What are the 2 types of credit?
Open credit score, additionally called open-quit credit score, and Closed credit score, additionally called closed-quit credit score, are the 2 main types of credit.
Credit is the ability to obtain goods or services or to borrow money with the intention of paying for them later. A credit is a transaction that demonstrates a decrease in assets or a rise in liabilities along with a decrease in expenses or an increase in income.
When you have open credit, also known as open-end credit, such as on credit cards and personal loans, you can keep using it as long as you make interest payments. When you seek a specific amount of money, receive it, and then pay it back over time in clearly specified increments, that is closed credit, also known as closed-end credit.
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When strategic interactions are important to pricing and production decisions, a typical firm will a. consider exiting the market. b. consider how competing firms might respond to its actions. c. set the price of its product equal to marginal cost. d. generally operate as if it is a monopolist.
Think about how rival companies would react to its actions. o put its product's price at its marginal cost. do typically conduct business as a monopolist.
What are two rival companies
Companies' relentless competition to be the best frequently results in bitter rivalry. Consider comparing marketing and competitor comparison landing sites as examples of how public-facing the conflict is for some rival businesses. Others choose to keep their battle under wraps, limiting brand associations and concentrating efforts on highlighting their own advantages. Regardless of the competitive approach your business employs, I'm sure you'll agree that achieving and maintaining the top spot require a constant uphill struggle.
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Brand names such as Tide, Surf, Biz, and Wisk are effective names because they
a. are generic terms for detergent.
b. blend with competing brand names.
c. indicate the products' uses.
d. suggest special characteristics and benefits of the product.
e. are easy for customers to say, spell, and recall.
Brand names such as Tide, Surf, Biz, and Wisk are effective names because they: are easy for customers to say, spell, and recall. So the correct option is: E
Be that as it may, how significant is brand naming? Indeed, we need to recall that the best brand names are made from only a modest bunch of letters. What's more, probably the best organizations and items don't put as much suspected into theirs as you'd naturally suspect.
These days, you could see brands that have the most strange name possible. But, those brands actually have figured out how to turn out to find success. For what reason do you believe that is?
This is on the grounds that those names address the organization's characteristics and values very well. It doesn't exactly make any difference that they sound peculiar, for however long they are not difficult to spell, appealing, and extraordinary portrayals of what you're attempting to achieve.
Furthermore, to make your achievement, you really want to truly dig into what a brand name truly is.
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which of these actions would most likely decrease a person’s net worth for at least the next 6 months?
Buying a new car in cash would most likely decrease a person’s net worth for at least the next 6 months.
This is because buying a car in cash requires the person to liquidate assets such as investments, savings accounts, or other assets to pay for the car. This liquidation of assets would result in a decrease in the person’s net worth. In addition, the car is an illiquid asset that may not appreciate over the next 6 months, resulting in an overall decrease in the person’s net worth.
Therefore we can say that buying a new car will decrease a person's net worth.
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The correct question should be, which of these actions would most likely decrease a person’s net worth for at least the next 6 months? Buying a car or building a rented house?
Which of the following purchases would be counted as a final good in the GDP calculation? a. a family's purchase of a used car b. a speculator's purchase of 100 shares of Apple Computer Stock c. a deli's purchase of bread for making its sandwiches. d. a business's purchase of new office equipment.
a business's purchase of new office equipment purchases would be counted as a final good in the GDP calculation.
What the GDP actually means?The market worth of all the finished goods and services that nations produce and sell in a certain time period is measured in dollars by their gross domestic product (GDP). This measurement is frequently reviewed before being regarded as a valid indicator due to its subjective and complicated character. The term "GDP" (gross domestic product) is one of the most popular. It is frequently quoted in newspapers, on television news, in government reports, central bank reports, and corporate reports. It is now frequently referred to as an indicator of the state of both national and global economies.
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You have $55,000 in a savings account that pays 2% interest per year. The inflation rate that year is 3.24%. To calculate simple interest: Principal x Rate x Time
The answers for the given questions are:
1). Interest amount made is $1100
2). Inflation rate is $1782
3). The real interest earned is $682
How to calculate these questions?1). Interest amount made
interest rate*principal*time
Interest rate = 2%
Interest made = 2%(55,000)*1 = 1100
So, Answer is $1100
2). You must earn the interest that would be paid if the rate of interest were the same as the inflation rate in order for the purchasing power to
maintain pace with inflation.
Inflation rate = 3.24 % per year
So, the interest amount needed =
3.24%(55,000) = 1782
Therefore, in order to keep up with inflation that year, you needed to earn $1782.
$1782 in interest is required to keep up with inflation-driven price increases.
3). The real interest earned is $1100.
So, the loss of buying power due to inflation =
$1782 -$1100 = $682.
So, the answer is $682.
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The full question is,
You have $55,000 in a savings account that pays 2% interest per year.
• The inflation rate that year is 3.24%.
• To calculate simple interest: Principal X Rate x Time = Interest
• How much do you make in interest in a year? How much would you need to have made for your spending power to keep up with inflation in that year? • How much buying power did you lose in that year because of inflation? Submit
Which of the following is not an example of price discrimination by a firm?
a. children's meals at a restaurant
b. a natural gas company charging customers a higher rate in the winter than in the summer
c. a senior citizens' discount
d. coupons in the Sunday newspaper
A gas supplier that charges clients more throughout the winter than during the summer. As a result, choice (B) is the appropriate reaction.
What is price discrimination?A selling tactic known as price discrimination involves charging clients various rates for the same good or service depending on what the vendor believes they can persuade the customer to accept.
When a merchant uses pure price discrimination, they charge each consumer the highest price they will agree to. In more prevalent types of price discrimination, the supplier divides clients into groups based on particular characteristics and assesses a different price to each group.
Hence, option (B) is accurate.
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In a fully developed use case description, the flow of activities is most similar to what? a. An activity diagram b. A class diagram
In a fully developed use case description, the flow of activities is most similar to An activity diagram.
The correct option is A.
Activity diagrams demonstrate the coordination of several layers of activity abstraction necessary to deliver a service. Usually, a few operations are required to complete an event, especially when those operations must coordinate numerous separate tasks. How the events in a single use case interact to one another is another frequent need, particularly in use cases where activities may overlap and require coordination. Additionally, it may be used to show how several related use cases work together to represent company activities. The term "object-oriented flowchart" is another term for an activity diagram. Activity diagrams can be used to identify activities that are made up of smaller acts. An activity is a behaviour that may be divided into one or more actions.
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Frederick is looking for clerical job opportunities. He wants to make sure he has the right qualifications. What are the minimum requirements for the job roles that Frederick is applying for
Fredrick wants to work as a clerk for an organisation. He must therefore have a foundational understanding of the duties associated with a clerical position.
In order to help fredrick students choose the best option for them and urge them to pursue their chosen career specialities in the next bachelor's, master's, or higher levels of education, practically all disciplines are covered in basic organisation detail in a high school diploma. Therefore, having a high school diploma is a plus when applying for clerical jobs. Additionally, a clerical job duties requires documenting skills because it requires a lot of documentation work. If one wishes to begin a career at the clerical level, they must possess these talents.
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The excess of expected sales over the sales level at the break-even point is known as the: ?
Multiple Choice O Sales turmover O Profit margin. O Contribution margin. O Relevant range Margin of safety
The excess of expected sales over the sales level at the break-even point is known as the Relevant range Margin of safety.
Option D is correct.
What is the break-even safety margin?The difference between the expected profitability and the break-even point is the margin of safety. Divide current sales by the breakeven point to arrive at the margin of safety formula.
What does it mean to have a safety margin?An investment principle known as the margin of safety states that an investor should only purchase securities when their intrinsic value is significantly lower than their market price. To put it another way, the margin of safety is the difference between a security's market price and your estimate of its intrinsic value.
Why is the safety margin so important?Since it indicates optimal performance and the capacity of a company to cushion itself against market volatility, a high margin of safety is frequently favored. However, increasing sales volume is necessary to increase a low margin of safety, which may indicate an unstable business position.
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How does an increase in taxes affect the economy?
The vast majority of them also imply that raising taxes may raise government revenue, but typically at the expense of economic expansion and taxpayer mobility.
On the other side, tax cuts frequently cause brief declines in revenue while brand recognition and reputation economic growth. Tax compliance refers to both governmental activities and individual behaviour in order to guarantee that taxpayers are paying the appropriate amount of tax at the appropriate time and receiving the appropriate tax allowances and tax reliefs. A tax is a mandatory financial charge or other sort of levy placed on a taxpayer (an individual or legal entity) by an administrative body to pay for various public expenditures and government spending. Around 3000–2800 BC, the first documented taxation was imposed in ancient Egypt. Non-compliance with the law includes failing to pay on time as well as evading or fighting taxation. Taxes can be direct or indirect and can be paid in money or in the equivalent in work. Most nations have a tax system in place to finance public, socially shared, or agreed-upon national demands as well as governmental duties. Most taxes on personal annual income are flat percentage rates of taxation, however certain scale taxes are progressive based on brackets of annual income levels. Taxes are imposed on both personal and business income in the majority of nations. Wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, usage taxes, payroll taxes, fees, and/or tariffs are frequently imposed by countries or subunits.
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Assume the following data for 120,000 units of a product that Spectacular Company expects to produce and sell during the current year: Manufacturing costs: Direct materials $1,200,000 Direct labor 3,000,000 Factory overhead: Variable costs $360,000 Fixed costs 150,000 510,000 Total manufacturing costs $4,710,000 Selling and administrative expenses: Variable expenses $360,000 Fixed costs 600,000 Total selling and administrative expenses 960,000 Total cost $5,670,000 Desired rate of return 23% Total assets $1,600,000 What will the normal selling price per unit be if calculated using the product cost concept
$50.32 will the normal selling price per unit be if calculated using the product cost concept.
The expenses incurred to produce a product are referred to as its cost. Direct labor, raw expenses, consumables competitively priced, and factory overhead are all included in these prices.
The cost of the labor necessary to provide a service to a customer can also be considered when determining product cost. Product costs are the expenses made to create a good that will be sold to a customer. Cost of the goods includes: Direct materials are purchased raw materials that are used right away in the manufacturing process.
For instance, a car manufacturer's direct material cost might be the metal used to construct the vehicle. Direct materials, direct labor, and overhead are the three main types of expenditures that are accounted for during the manufacturing process.
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How do landlords choose tenants?
Most landlords base their selection of tenants on a tenant's past rental history, credit history, and capacity to pay rent.
What is credit?In general, credit is an agreement between a loan and their lender. Creditworthiness as well as credit score are other terms that can be used to describe something or someone. A credit might even increase liabilities or cut assets in addition to lowering expenses or boosting earnings.
What is a credit score?a description of a credit score. A fico score is really a statistical evaluation of a consumer's creditworthiness based on their credit history. Lenders use credit scores to assess a borrower's likelihood of making debt repayments.
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Question 3 of 10
How might human resources best make use of a set of
questionnaires completed during job analyses?
A. They might use them to develop a plan to sell the
company.
B. They might use them instead of conducting employee
evaluations.
OC. They might use them to recruit workers with additional
experience.
O D. They might compare the level of responsibilities required in
different jobs at the same level.
Apex learning help as fast as possible please
Option B is the correct answer. The questionnaires answered during job analyses are best used by human resources. They might choose to use them in place of employee reviews.
What is human resources management?Human resource management (HRM or HR) is a strategic and well-coordinated approach to the effective and efficient management of people in a company or organisation so that they contribute to the organization's competitive advantage. It is created to maximize employee performance in support of an employer's strategic goals. Managing people inside businesses is the main focus of human resource management, which also concentrates on systems and policies. HR departments are in charge of supervising employee benefits design, hiring, training, development, performance reviews and reward management, including pay and benefits administration. HR is also concerned with organizational change, labour relations and reconciling organisational requirements with those imposed by collective bargaining agreements and governmental regulations.
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Answer:it’s D
Explanation:O D. They might compare the level of responsibilities required indifferent jobs at the same level.
objective use to
achieve money
allocation to achieve
la desired outcome
Andre went to a sporting that was having a diferent sale, He bought a baseball glove and 2 packages of socks. The baseball glove normally costs $34. The baseball glove is not discounted. One package of socks normall costs 46. On sale, one package of socks costs $4. The sale tax rate is 7.5%. What percentage of the total regular (Before tax) Was his savings
Andre saved 66.67% on his purchase of a baseball glove and 2 packages of socks, by buying them at a discounted price of $42 (before tax).
Andre went to a sporting goods store that was having a sale and bought a baseball glove and two packages of socks.
The baseball glove, which normally costs $34, was not discounted, but the price of one package of socks, which normally costs $46, was discounted to $4. The regular price for two packages of socks was $92 and the regular price for the baseball glove was $34.
This means that the total regular price for the items before taxes was $126. On sale, the total price for the items before taxes was $42. This means that Andre saved $84 on his purchase. To find the savings percentage, we divide the savings by the regular price and multiply by 100%. In this case, the savings percentage is 66.67%.
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In business process management (BPM), an as-is model ________.
A) represents the desired state of a business process
B) represents the ideal state of a business process
C) documents the existing business process
D) contrasts the former and current states of a business process
Option (c) is correct . An as-is model is used in business process management (BPM) to record the existing business procedure.
What does it mean to manage business processes?The structured approach known as business process management (BPM) aims to enhance the procedures that businesses use to carry out their work, serve their clients, and generate value for the company. An activity or set of activities that contributes to the accomplishment of an organization's objectives, such as promoting workforce diversity or increasing profits, is known as a business process. By analyzing a business process, modeling how it functions in various scenarios, implementing changes, monitoring the new process, and continuously improving its capacity to drive desired business outcomes and results, BPM uses a variety of methods to improve it.
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Why is competition good for the consumer in a free enterprise system?
The competition in a free enterprise system is good for consumer because it allows consumer to have the ultimate voice in the economy, starting from the ultimte pices of goods, types of products needed, and whether a product is a success or a fail.
Free enterprise sytem or free market refers to an economy where the government role in the market and its intervention are limited almost to none. The government has almost zero control to the economy and allows the market to determine the products and prices.
Free enterprise system is not regulated by the government but by a set of legal rules, such as property rights, contracts, and competitive bidding. Free enterprise system beliefs that the government intervention would hinder the economy growth. Free enterprise system tends to result in capitalism.
Free enteprise system allows more freedom and aims for higher market efficiency from lower taxes and regulation. Free enterprise system ensures consumer rights and financial security and stability. Free enterprises system provides greater economic opportunities with lower entry and exit barrier to the economy. However free enterprise system might be more vulnerable to several economic crisis with no intervention from the government.
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Answer:
B
Explanation:
project planning, an activity of a project manager, _____.
Project management activity: project planning includes identifying project tasks and estimating completion times and costs.
Software Project management involves a wide range of duties, such as task scheduling, project planning, determining the product's scope, cost estimation in several currencies, etc.
The project's needs, the idea behind it, measurable objectives, results, and deliverables, as well as the actions that can and cannot be taken to ensure its success, are all included in the project's scope.
A project manager creates the project roadmap during the project planning phase of project management, which also includes the work breakdown structure, project constraints, project scope, and risk analysis.
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Determining the price elasticity of demand involves all of the following factors, but NOT
a. availability of substitutes.
b. slope of the supply curve. c. the selling price of the good d. luxuries versus necessities.
Answer:
B. slope of the supply curve.
Explanation:
where price is given in dollars and quantity in millions of barrels per day. the domestic equiibrium price is 22.67
where the price is given in dollars and the quantity is given in millions of barrels per day. With 9.3 million barrels traded per day, the domestic equilibrium price is $22.67 per barrel.
An equilibrium price, also known as a market-clearing price, is the consumer cost assigned to a product or service at a point where supply and demand are equal or nearly equal. The manufacturer or vendor can sell as many units as they want, and the quantity customer can buy as many as they want. There is no shortage or surplus at the equilibrium price: the quantity of the good that buyers are willing to buy equals the quantity that sellers are willing to sell.
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Because of specialization and comparative advantage, most people Group of answer choices consume the products of many other specialists consume only what they produce themselves share whatever they produce consume the products produced by their family and friends do not use money as a medium of exchange
According to the question of comparative advantage, most people consume the products of many other specialists.
What is comparative advantage?Comparative advantage is an economic concept which states that a country or individual has the ability to produce a certain good or service at a lower cost than any other country or individual. This is due to the fact that a country or individual may have an advantage in the production of certain goods or services due to its resources, technology, or labour force. Comparative advantage is important because it allows countries to specialize in producing certain goods or services to maximize efficiency and economic growth. It also allows countries to trade with one another and create a mutually beneficial relationship that increases global wealth. By specializing and trading, countries can produce a greater quantity of goods or services than if they were to produce everything on their own.
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Marcus listed his property with Home Sweet Home Realty and one of its listing agents, Ron Savage. About a month later, Ron filed for bankruptcy. Which of the following statements about this situation is true ?
A. Bankruptcy has no impact on agency agreements.
B. Marcus can choose whether or not to continue the listing agreement with Ron.
C. The agency agreement is terminated because the agent filed for bankruptcy.
D. The agency agreement only terminates if the broker or the principal declares bankruptcy.
In the situation when Marcus has listed his property and the agent has become bankrupt, then the agency agreement only terminates if the broker or the principal declares bankruptcy, which means option D is the right answer.
Since Ron Savage is neither a broker nor a principal, he is simply an agent, so the agency agreement in this case will not be terminated. In this case, the agent will not be able to fund the construction processes and all the money of the investors and customers will be at stake. Bankruptcy is the condition when the person has nothing left to pay back the leans taken and so all their valuable assets are sold in a bid to get back the amount. Insolvency and Bankruptcy Code is aimed at protecting the rights of operational and financial creditors.
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"Quality at the source" requires factory workers to become their own inspectors.
True/False
"Quality at the source" requires factory workers to become their own inspectors. The given statement is True.
What do you mean by Factory workers?
Factory workers are people who work in factories or industrial settings performing manual labor or operating machinery. Factory workers typically work in assembly lines performing repetitive tasks such as operating machinery, packaging, quality control, and other related duties. The work is often physically demanding and requires long hours, so it is usually more attractive to those who are willing to put in the effort. The job also requires attention to detail and the ability to follow instructions. Factory workers are essential for the production of goods, and are the backbone of many industries.
So, The given statement is True.
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Steven and Sally have income from all sources (taxable and nontaxable) totaling $139,506. Their taxable income is $114,706. Their tax liability is $16,815. Their average tax rate is % (rounded to the nearest whole number).
Their average tax rate is 15%. An income statement's final line item before the bottom line, or net income, is often the tax expense.
The ratio at which a company or individual is taxed is known as the tax rate, and it is typically stated as a percentage. Statutory, average, marginal, and effective tax rates are some of the ways that are used to display them. When applied to a tax base, the phrases inclusive and exclusive might be used to present these rates. The rate imposed by law is known as a statutory tax rate. A sales tax might have a flat statutory rate, whereas an income tax might have several statutory rates for various income levels. The statutory tax rate, which is calculated as a percentage, is always greater than the actual tax rate. If an individual's gross annual income exceeds Rs. 2,50,000 during a fiscal year, they are required to file an ITR. For older folks, this restriction is more than Rs.
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