Y Dell
You are the training director for tellers at a large local bank. As part of a new training program you are developing, you have given your trainees this "sample" check regis
the balances are incorrect.
Check
Number
1208
PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.
Date
4/7
4/14
4/16
4/17
4/21
Need Help? Road It
Description of Transaction
To: Deposit
For:
To: Mario's Market Debit Card
For:
To: ATM Withdrawal
For:
To: Bargain Properties
For:
To: Electronic Payroll Deposit
For:
Amount of
payment or
withdrawal (-)
47 65
135 00
870 00
Amount of
Deposit or
interest (+)
766 80
1,350 00
Balance Forward
Bal. 1,245 10
Bal. 1,197 45
Bal.
Bal.
478 30
Bal.
1,097 45
182 45
1.532 45
You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $)?
Answers
Y Dell
You are the training director for tellers at a large local bank. As part of a new training program you are developing, you have given your trainees this "sample" check regis
the balances are incorrect.
Check
Number
1208
PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.
Date
4/7
4/14
4/16
4/17
4/21
Need Help? Road It
Description of Transaction
To: Deposit
For:
To: Mario's Market Debit Card
For:
To: ATM Withdrawal
For:
To: Bargain Properties
For:
To: Electronic Payroll Deposit
For:
Amount of
payment or
withdrawal (-)
47 65
135 00
870 00
Amount of
Deposit or
interest (+)
766 80
1,350 00
Balance Forward
Bal. 1,245 10
Bal. 1,197 45
Bal.
Bal.
478 30
Bal.
1,097 45
182 45
1.532 45
You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $)?
Related Questions
A man earned wages of $48,900, received $2600 in interest from a savings account, and contributed $3500 to a
tax-deferred retirement plan. He was entitled to a personal exemption of $4050 and had deductions totaling $7100.
Find his gross income, adjusted gross income, and taxable income.
Answers
Adjusted gross income is $48000, gross income is $51500, and taxable income is $36,850.
How is gross revenue defined?Your gross income includes all of your earnings, including salary, bonuses, capital gains, corporate revenue, retirement benefits, and other types of income. For things like tuition fees, student loan interest, alimony payments, or contributions to retirement funds, adjustments to income may be made.
Income paid to man
Wages = $48,900
Savings Interest = $2600
Deductions
Personal Exemption = $4050
Standard Deduction = $7100
Tax Deferred Contribution = $ 3500
Gross Income = Income paid to man = 48,900 + 2,600 = $ 51,500
Adjusted Gross Income = Income - Tax Def Contribution = 51,500 - 3,500 = $ 48,000
Taxable Income = AGI - Deductions - State Taxes = 48,000 - 11,150 - 0 = $36,850
What distinguishes taxable income from adjusted gross income?Examples of sources that go into making up your gross income are wages, tips, interest, dividends, rent, and pension income. Your AGI less the standard deduction, the sum of your itemized deductions, and, if applicable, the qualifying business income deduction, will give you your taxable income.
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Hart, Attorney at Law, experienced the following transactions in Year 1, the first year of operations:
1. Accepted $36,000 on April 1, Year 1, as a retainer for services to be performed evenly over the next 12 months.
2. Performed legal services for cash of $54,000.
3. Purchased $2,800 of office supplies on account.
4. Paid $2,400 of the amount due on accounts payable.
5. Paid a cash dividend to the stockholders of $5,000.
6. Paid cash for operating expenses of $31,000.
7. Determined that at the end of the accounting period $200 of office supplies remained on hand.
8. On December 31, Year 1, recognized the revenue that had been earned for services performed in accordance with Transaction 1.
Answers
Explanation:
Hart, Attorney at Law, experienced the following transactions in Year 1, the first year of operations:
1. Accepted $36,000 on April 1, Year 1, as a retainer for services to be performed evenly over the next 12 months.
2. Performed legal services for cash of $54,000.
3. Purchased $2,800 of office supplies on account.
4. Paid $2,400 of the amount due on accounts payable.
5. Paid a cash dividend to the stockholders of $5,000.
6. Paid cash for operating expenses of $31,000.
7. Determined that at the end of the accounting period $200 of office supplies remained on hand.
8. On December 31, Year 1, recognized the revenue that had been earned for services performed in accordance w
Case Study – Activity 1
The case of an Abusive Supervisor?
This challenge involves the behavior of Kofi Amponsah, the supervisor of a Municipal Tax Collection Office in the Greater Accra Region. He has worked through the ranks for more than 20 years to get to his current position. Efua Mensah also worked in the same Municipality for more than 20 years but got transferred to the Tax Collection division recently as an Administrative Assistant. Efua filed a lawsuit claiming that her boss (Kofi) and the office allowed a hostile work environment to exist. She had worked at the office for about three years at the time of the suit. The hostility allegedly began on Efua’s first day at work in that office. Upon arriving, Kofi showed her the “Wall of Shame,” Placed conspicuously in the main office, it contained a funeral urn with the “ashes of problem employees.” Efua noted that it resembled “the way Adolf Hitler treated the disabled and the Jews during the Holocaust,” with “various nameplates of the employees who were ‘exterminated’” or fired by Kofi. The lawsuit alleges that Kofi stated “that all personnel of his office should be ‘perfect humans,’ as he believed he was.” Media reports about the situation allege that “Kofi threw papers at Efua and called her a ‘waste of a human being,’ and referred to her as a ‘mess up’ who should just ‘quit her job.’” Efua ultimately experienced stress and anxiety and took sick leave for medical and psychiatric treatment. When she returned to work, Efua alleges that Kofi relocated her desk so that she had to look at the Wall of Shame, which now contained her name along with the others.
Adapted from Kinicki & Fugate (2018)
Answers
Yes, it is a case of an abusive Supervisor. Kofi confirmed her the “Wall of Shame,” Placed conspicuously in the major office, it contained a funeral urn with the “ashes of trouble employees.”
What is abusive supervision?Abusive supervision refers to “subordinates' perceptions of the extent to which supervisors engage in the sustained show of hostile verbal and nonverbal behaviors, apart from physical contact”
Abusive bosses regularly fighting with accepting non-public accountability or recognizing their personal mistakes. As a result, they tend to get defensive when confronted. They can also even shift the blame onto other people.
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hile discussing a sale of heavy machinery, a potential customer offers Mikal, a sales executive, a free vacation in exchange for a discount in the
ice of the machinery. Mikal turns down the offer. Which ethical behavior is Mikal demonstrating?
OA reliability
OB. organization
OC. respect
OD. honesty
Answers
ASAP Please
Shelly purchased a $50,000 nonparticipating whole life insurance policy. The annual premium was $1,278. The cash value of the policy after 10 years will be $13,740. Assuming 5 percent interest, what is the net payment cost of this policy, per thousand per year, over the first 10 years the policy is in force?
Answers
Shelly purchased a $50,000 non participating whole her life insurance policy. The annual premium was $1,278. The cash value of the life insurance policy of shelly after 10 years will be $13,740. Assuming 5 percent interest. Therefore, the Per a thousand surrender cost is $4.75.
What does the surrender cost?The surrender cost means the price that is being paid on the customer, this is because the policy holder is canceling their policy.
Annual Premium = $1278
Cash Value = $13,740
Interest rate = 1.3127%
The future value of $1 deposited at the start of the year at 5% is $13.207
Let the future value = $13,740
Amount to be deposited per annum
= $13,740/13.207 = $1,040.36
Difference between the premium paid and derived annual payment
= $1,278 - $1,040.36 = $237.64
The difference per thousand per annum of, 50,000 = $ 237.64/50
= $4.7528 or $4.75
Per a thousand surrender cost of the policy = $4.75
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The company acquired a machine on January 1 at an original cost of $ 81,000. The machine’s estimated residual value is $ 15,000, and its estimated life is 20,000 service hours. The actual usage of the machine was as follows:
Year 1 9,000 hours
Year 2 5,000 hours
Year 3 4,000 hours
Year 4 2,000 hours
Answers
Explanation:
The company acquired a machine on January 1 at an original cost of $ 81,000. The machine’s estimated residual value is $ 15,000, and its estimated life is 20,000 service hours. The actual usage of the machine was as follows:
Year 1 9,000 hours
Year 2 5,000 hours
Year 3 4,000 hours
Year 4 2,000 hours
explain the meaning of an action plan
Answers
Answer:
An action plan is a document that lists what steps must be taken in order to achieve a specific goal
Answer:
An action plan is a comprehensive plan on how to reach a goal
Explanation:
It assists in improving teamwork planning and is a key step in the process of the planning process. Action plans can be used by people to create a strategy for achieving their own personal goals in addition to project management.
Joel plans on using a variety of different pen colors while drawing on his slides. What should he do to simplify this process? Select the drawing and change the color in the Format pane. Change the pek's color as needed. Select the Add Pen command and create new pens. Right click the drawing to change the color.
Answers
Select Format Background from the Design tab. Choose Solid Fill and a color from the collection. If you want the same background color on all slides, go to the Design tab and pick Format Background > Apply to All. Try right-clicking My Computer on the desktop and going to Properties>Advanced System Settings.
Click the Settings radio button under "Performance" under the "Advanced" tab and either select a custom scheme or click the button for Adjust for best appearance or Adjust for best performance and click "Apply." On a dark background, use white or light beige; on a light background, use black color. As a result, your slides will appear more professional.
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Select the correct answer.
What is the best method for modern businesses to authorize the use of workplace resources to its employees?
OA
Assign
a them a user authentication and password.
a O B. Maintain a log to record their use of workplace resources.
O c.
Monitor their activities using security cameras.
© D. Restrict them to use resources only during specific hours.
E. Allow them to use certain resources only during lunch time
Answers
Answer:
They should be given a user password and password protected account.
(hope this helps)
The United States restricts imports but, at the same time, supports the WTO and international banks whose objective is to enhance world trade. As a member of Congress, how would you justify this contradiction to your constituents?
Answers
In my capacity as a member, I would like to make the case for the World Trade Organization (WTO) and other international banks to make use of the many export promotion and assistance programs that the United States offers in order to acquire trade finance and maximize asset utilization for the purpose of achieving financial stability.
This is further explained below.
What is World Trade Organization?Generally, The World Commerce Organization (WTO) is a multilateral organization that was established with the purpose of regulating as well as facilitating international trade.
In conclusion, When it comes to establishing, revising, and enforcing the laws that regulate international commerce, governments turn to this institution for assistance.
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Question 10 of 10
How does the practice of fractional reserve banking affect banks?
A. It allows banks to keep only a small percentage of their deposits in
reserve.
B. It ensures that banks always have cash reserves equal to their
total deposits.
C. It gives banks the freedom to change interest rates on loans at any
time.
D. It prevents banks from profiting off loans they provide with
deposited funds.
Answers
Answer:
A. It allows banks to keep only a small percentage of their deposits in
reserve.
Explanation:
Fractional reserve banking allows banks to only hold fraction deposits as reserve and use most of it to gain interests as loans.
Prepare a columnar condensed income statement for Crane Company, assuming Division II is eliminated. Division II's unavoidable
fixed costs are allocated equally to the continuing divisions.
Answers
Crane Company engages in the management of a subsidiary, which manufactures aerospace equipment, electronics systems, and flows control systems. The company was founded on December 2, 2021, and is headquartered in Stamford.
Crane Company manufactures engineered industrial products. The Company offers vending machines, airplane braking devices, pumps, valves, and other industrial goods.
Fixed Portion of COGS:
Revised Fed COGS for other even
Dwisont Sssoo0 $2850 555.000
Divison $510 § 2880 $57,050
Diisioniv S290 $ 280 S$ osa30
($25,30°9018)/3 = $4,305
Division Smee $4305 $a.
Dwison it $2000 $ 4305 $33,205
Division v 3 19;00 $4305 $23,805
‘visions 7 m w. OTA)
Sales 324500] § 5.04000] 5 —4.50,000/ 3 11,39.00
Variable cone
Cost of goods sid $_aasio0|$_2asaz0| 5 asso] $s 7570)
Selling and sdminirative '$_15,236] § 3,000] $20,500] $ 97.76
Total variable costs $ra236] $275.20] § 217.250] § 667306)
Contribution margin $7768] $228,180] 5 232750] 5 531608)
Costof goods aid 3 seaw0] $ S780] 3 a0] $_aawTD
selling and edrniaive Sages] $_3305[ 5 23.605[ 5 1.05 570)
Tol Fined costs '$it5.49] § 90,365] § a.sa5| $ —2.24,509]
incomel les) rom operations $_-34s85[$ i785] $ aas.is| $ —247.085
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What can HR professionals do to mitigate concerns about pregnancy discrimination in the workplace? What does the law say companies need to do to avoid violating the rights of pregnant employees?
Answers
With our combined efforts as one HR, there is no cause we cannot influence. Knowing the law and interacting with expectant women are the greatest ways to stop pregnancy prejudice.
Employers place a high premium on discouraging pregnancy prejudice. The Pregnancy Discrimination Act of 1978's new EEOC rules have made it a particularly controversial topic in today's society. The best thing you can do to defend yourself in court is to train all managers or supervisors, but especially those who are directly in charge of supervising workers.
When you learn that a coworker is pregnant, you must show her respect and use caution. You should merely express gratitude to the worker for informing you. Offer pregnancy prejudice your support and assure her that, if necessary, you would make accommodation's that are reasonable in nature for her.
Never indicate that an employee's pregnancy is a burden on the company, and neither should your supervisors. Before approaching a pregnant employee, ask a member pregnancy prejudice of your human resources team any questions you may have about what to ask or not ask.
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What is the relationship between annual percentage rate (APR) and the true cost of credit?
Answers
The relationship between annual percentage rate (APR) and true cost of credit shows that they are directly proportional to each other.
The annual rate of interest that a person must pay on a loan or to receive interest on the bank account is known as the annual percentage rate (APR). APR is utilized for everything, including credit cards, mortgages, and auto loans.
True cost of credit is the overall price that the borrower must pay for the loan. It is determined by adding all expenses that the borrower must pay over the course of a loan (such as interest payments, fees, penalties, commissions, etc.).
Thus, it is evident that that the actual cost of the loan decreases as the annual percentage rate decreases.
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Government control of resources and centralized decision-making are characteristics of:
Answers
Answer:
Command economy
Explanation:
An economic system where the means of production are owned by the government and economic activity is managed by a central body that sets quantitative production targets and distributes raw materials to productive businesses
Over time, the stock market has…
A. Experienced highs and lows but increased in overall value
B. Had slight ups and downs but stayed abt the same in value
C. Rarely experienced changes and has maintained the exact same value
D. Gone through severe ups and downs with an overall decrease in value
Answers
Over time, the stock market has D. Gone through severe ups and downs with an overall decrease in value.
What is the stock market?An equity market, stock market, or share market is a gathering of buyers and sellers of equities, which reflect ownership claims on companies. Securities listed on a public stock market may be among these stocks.
On the stock market, buyers and sellers of securities can interact, communicate, and transact business. The markets serve as a price discovery mechanism for corporate stock and a barometer for the health of the national economy. Buyers and sellers can be confident that they will receive a fair price, a high level of liquidity, and transparency since market participants compete in an open market.
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Question 1 (0.2 points)
Tempo Corp was dealing with an upset customer who had ordered a sofa bed and
was expecting it to arrive on the day before the customer was to have company over
for a visit. The sofa bed did not arrive until three days after the company had left
and the customer was upset since they paid extra to have the sofa bed delivered
early. The sales department stated that the request for early delivery was placed and
the shipping department did not notice the request before sending the item out for
shipment. The organization failed to:
1) Determine the hierarchy of authority
2) Coordinated effort
3) Divide the tasks and specialize
4) Centralize the decision making
Answers
Answer:
2
Explanation:
Question 1 (0.2 points)
Tempo Corp was dealing with an upset customer who had ordered a sofa bed and was expecting it to arrive on the day before the customer was to have company over for a visit. The sofa bed did not arrive until three days after the company had left and the customer was upset since they paid extra to have the sofa bed delivered early. The sales department stated that the request for early delivery was placed and the shipping department did not notice the request before sending the item out for
shipment.
The organization failed to:
1) Determine the hierarchy of authority
2) Coordinated effort
3) Divide the tasks and specialize
4) Centralize the decision making
Because the company was uncoordinated and didn't put enough effort (and wasn't paying attention), the sofa was shipped late.
The organization failed to Coordinated efforts. Therefore option B is correct.
What are Coordinated efforts?An institution's departments are all interconnected and dependent on one another. Consider a scenario in which you created a plan and assigned tasks to the managers of your various departments (such as marketing, production, sales, and finance), but it turns out that the tasks are incompatible. They are not interested in cooperating.
And you eventually discover that your idea was a complete failure. When you operate without good coordination, this is what happens.
The process of integrating all of an organization's elements—including its people, finances, resources, activities, machines, business divisions, departments, etc.—so that their combined efforts best achieve the established goals or objectives is known as coordination. It synchronizes everyone in the organization so that their behaviors are consistent.
Hence, The organization failed to Coordinated efforts.
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In what ways does Tesla address the interests of its stakeholders through its corporate social responsibility strategy? What ethical issues has Tesla faced? What ethical issues is Tesla likely to face in the future? What environmental issues do Tesla products work to address?
Answers
Tesla serves the interests of its stakeholders through its corporate social responsibility strategy by demonstrating through its products such as electric cars, its responsibility towards sustainability and reduction of fossil fuels in the atmosphere, these being the environmental issues in which Tesla Tesla is focused.
Regarding the ethical problems that Tesla has faced and will face in the future, it will possibly be in respect of its other processes, as if its sustainability strategy was just a form of green marketing, as the company faced problems with fraud, environmental issues and cool.
What is Corporate Social Responsibility?It is the set of actions developed by a company to promote the development of a place through investments in socio-environmental programs and actions.
Therefore, CSR aims to exceed the socio-environmental measures complied with by law, but rather to create positive value for stakeholders through its processes that transform it into an active agent of society's development.
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Suppose the market demand for cigarettes is given in the following table.
price (per pack) Quantity of demanded (millions of packs per year)
$10 2
9 4
8 6
7 8
6 10
5 12
4 14
3 16
Suppose further that smoking creates external costs valued at $2.00 per pack. Graph the market demand curve, the social demand curve, and answer two questions about the market and socially optimal quantities.
Graph the social and market demand curves.
If cigarettes are priced at $7 a pack,
Instructions: Enter your responses as whole numbers.
a. What is the quantity demanded in the market?
___ million packs per year
b. What is the socially optimal quantity?
____ million packs per year
c. If the government were to intervene and tax cigarettes, how large of a tax is needed per pack to achieve this optimal outcome?
$ ____per pack
Answers
Net Income (Loss)
The journal entry to close revenues and expenses would involve:
Oa. debits to the expense accounts and Retained Earnings and a credit to Fees Earned
Ob. debits to the expense accounts and credits to Retained Earnings and Fees Earned
Oc. a debit to Fees Earned and credits to the expense accounts and Retained Earnings
Od. debits to Fees Earned and Retained Earnings and credits to the expense accounts
4
Answers
The journal entry for net income (loss) is debits to Fees Earned and Retained Earnings and credits to the expense accounts (option d).
What is the journal entry for a loss in net income?Net income is the difference between the revenue and the total cost of a company. When the total cost is greater than the revenue, the firm earns a loss.
When the revenue is greater than the total cost, the firm earns a profit. It is necessary to close revenue and expenses because they are temporary accounts as their balance is not carried over to the next period.
When there is a loss, the expense account will increase in value. Thus, the expense account will be credited. When there is a loss, the fees earned and retained earnings account will decline in value. Thus, these accounts will be debited.
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At its core, stage fright is a fear of?
Answers
Answer:
Explanation:
Stage fright, also known as performance anxiety, is generally considered a subtype of social anxiety because it involves fear of social situations. However, people who have stage fright do not necessarily have trouble with other common types of social anxiety, like meeting new people or eating in public.
what are the importance of technical education in nepal?
Answers
Answer:
Nepal is a developing country that constitutes major population as youth so technical education makes youth skillfull, productive and self reliant.
Explanation:
Improving the wellbeing of youths and communities.It increases productivity. It makes individual to become self reliant.It builds entrepreneurship and create better avenues for investment.
Thus technical education in nepal makes youth skillfull, productive and self reliant.
Mr B aged 63 years, has earned rupees 75,00,000 out of his business . His ex- wife gifted him cash in account worth rupees 6 lakh. He spent a total of rupees 15 lakh during a family trip. He won a lottery of 19 lakh rupees. Out of happiness he gifted his wife cash of rupees 450000. He bought a life insurance policy and paid a premium of 50000 annually. He paid tuition fee for his daughter for rupees 50000. He invested rupees 80000 in PPF. One of his existing life insurance policy got matured and he received a total of rupees 32 lakh. Seeing his health conditions the doctor adviced him a medical test of rupees 6000 following he bought a health insurance for rupees 27000. Calculate his taxable income and tax liability.
Answers
Taxable Income is Rs 98,17,000, Taxable Liability is Rs 28,45,100
Taxable Income is the portion of a person’s or company’s gross income that the govt deems subject to taxes.
Taxable income consists of each earned and unearned income, on the other hand, Tax liability is the payment owed by an individual, Tax Liability is calculated according to the income of an individual and Tax% varies from0% to 30% depending on the income.
Income from business = 75,00,000
income from other sources
Lottery = 19,00,000
Life insurance maturity = 32,00,000
car gift from ex-wife = 6,00,00
Gross Income = 1,32,00,000
Deduction;
LIC premium = 50,000
Tution fees = 50,000
PPF = 1,80,000
Max deduction = 1,50,000
Health insurance = 27,000
Medical tset = 6,000
Total deduction = 32,00,00
Taxable Income is Rs 98,17,000
Taxable Liability is Rs 28,45,100
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Consider the difference between “supply” and “quantity supplied.” Select the change in only quantity supplied: (select all that apply)
More store-brand cereals were sold during 2020 when income decreased due to the pandemic-induced recession
More laptop computers were sold when technological innovation lowered the cost of producing batteries
More gasoline was sold when buyers and sellers expected higher gas prices in the near future
More Uber rides were taken when people switched from driving taxis to driving for Uber in NYC
More veterinary services were consumed during 2020-2021 as people acquired “pandemic dogs and cats”
Answers
The following would lead to a change in quantity supplied :
More store-brand cereals were sold during 2020 when income decreased due to the pandemic-induced recession.
More veterinary services were consumed during 2020-2021 as people acquired “pandemic dogs and cats”
What is a change in quantity supplied?
There is a change in quantity supplied if the price of that good either increases or decreases. The quantity supplied increases when price increases and decreases when price decreases.
This indicates that there is a positive relationship between price and the quantity supplied. A change in quantity supplied leads to a movement along the supply curve - either upward or downward.
There is a change in supply when other factors other than the price of the good changes. For example, a change in the number of suppliers, change in the cost of production would lead to a change in supply. When there is a change in supply, the supply curve should shift either inwards or outwards.
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Angie's car needs new tires. The tires will cost $700. She would rather get a used car, something newer than her current car. The used car she wants is $3,700, and her trade-in would be worth $2,500. Her old car gets twenty-two miles per gallon. The newer car gets thirty-one miles per gallon. Use the PACED decision process to decide what Angie should do. Show each step.
Answers
Answer:she needs to do what’s best for her
Explanation:
Using the PACED decision process, Angie should buy the new car.
What is the PACED decision process?The PACED decision process is a decision-making guide for solving problems in a rational and systematic way.
The PACED process involves:
P: Problem DefinitionA: List the AlternativesC: Determine the Criteria (rules for evaluating or testing options)E: Evaluate the alternativesD: Decision-makingFollowing the PACED decision process, Angie should:
Step One: Define the problem she has with her old car (whether it is a question of tires or mileage). If it is both, and she feels that a new car will solve the problem, then she could further consider buying the used car.
Step Two: Angie should exhaust the alternatives to solving her problem. It could be that the old car could improve its mileage with new tires. Mileage per gallon is not the only basis for car replacement. Other factors should be considered.
Step Three: From step two above, Angie should define the rule for evaluating her choices.
Step Four: This is the evaluation stage when Angie needs to undertake some computations, especially cost-benefit analysis.
Step Five: Angie should make her choice and go for it without further delay.
Data and Calculations:Cost of tires = $700
Cost a used car = $3,700
Trade-in value for the car = $2,500
Amount to pay = $1,200 ($3,700 - $2,400)
Opportunity cost of replacement = $500 ($1,200 - $700)
Old car's mileage per gallon = 22 mpg
New car's mileage per gallon = 31 mpg
Thus, using the PACED decision process, Angie should buy the new car and spend an additional $500 in opportunity costs.
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321 ASSIGNMENT 1: Individual Assignment. Discuss the contribution of transportation to the development of the developing countries at a global level with specific focus on the South African economy. {100} In essay format
Answers
In emerging countries, transportation is extremely important. The world's richest and most powerful nations have effective transportation infrastructure. Maciulis (2009) cited as an example:
Increasing reliability, improving service quality, and increasing transport capacity are the goals of investments in transportation infrastructure. As a result, transportation expenses were reduced, and transit times were shortened. Additionally, a stronger transportation infrastructure is a must for business growth. Summarizing the previously discussed concepts, we now have increased productivity and competitiveness, which are the foundation of economic growth.
As human needs change, so do transportation facilities. Today, people, food, and finished goods may all be transported using a variety of modes of transportation, including the car, bus, truck, subway, train, ship, and airplane. Transportation has a lot of advantages, but it also has some drawbacks. According to Litman (2012), greenhouse gases from automobiles are responsible for some consequences on human health and the environment, such as climate change.
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who will be taxed in Transnet
Answers
The South African Mining Industry is very crucial to it's economy. Transnet is one of it's major players. Given that it had a set budget for the 2021/22 financial year, much of which was supposed to be financed by the mining sector, unfortunately, the sector delivered a shortfall.
If Transnet had performed on its nameplate capacity of 78 million tons rather than the 58 million tons delivered in 2021, the industry would have gained R32 billion in revenue. The sector lost R16 billion in sales by failing to meet its objective of 68 million tons.
Because of the above shortfall, assuming current market prices, more than a third of the R140 billion in tax scheduled to be paid from all South African mining firms.
Who is Transnet?
Transnet SOC Ltd is a significant South African rail, port, and pipeline corporation located in Johannesburg's Carlton Centre.
It was established as a limited business on April 1, 1990. The South African government's Department of Public Enterprises, or DPE, owns the majority of the company's equity.
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2. What are three types of financial reports a business prepares?
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Three types of financial reports a business prepares are the balance sheet, the income statement, and the cash flow statement.
The process of recording and communicating financial performance over predetermined time periods, typically on a quarterly or annual basis, is known as financial reporting. Financial reports are used by businesses to organize accounting data and present their current financial situation. The balance sheet, the income statement, and the cash flow statement are the three primary types of financial statements. Each provides distinctive information with connected details. Together, the three statements provide a complete picture of the company's operating activities, including a breakdown of the company's assets and liabilities, revenues, and expenses, as well as cash flows from operating, investing, and financing activities.
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what happened if you do not follow theory of demand?
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Answer:
twenty year imprisonment
Suppose that a week after Vollmer gave Lang the funds, she sent him an e-mail containing the terms of their loan agreement with her named typed at the bottom. Lang did not respond to the e-mail. Is this sufficient as a writing under the Statute of Frauds?
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According to the Statute of Fraud, parties entering into a legal agreement must put their agreement in writing. This is one of the fundamental elements of a legal agreement.
Additionally, it needs to be properly signed by both parties to the agreement, or at the very least, legal agreement needs the signature of the person paying for the products or services.
First off, in this situation Vollmer didn't write down the terms and conditions on paper; instead, she sent a message via email, which the legal agreement could not sign and approve. In the end, since the receiving party cannot sign it, the contract is invalid under the Statute of Fraud. Since Lang is being released from the financial obligation, his signature is crucial in this situation.
Thus, a written agreement is not legally binding.
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