When Social Security was first instituted by President Franklin Roosevelt in 1935, the payroll tax rate on wages used to fund the program was

Answers

Answer 1

Answer: Social security retirement program .

Explanation:


Related Questions

WV Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a salary of $74,000 annually and one salaried estimator who is paid $42,000 annually. The corporate office has two office administrative assistants who are paid salaries of $46,000 and $35,000 annually. The president's salary is $147,000. How much of these salaries are common fixed expenses?

Answers

$312,000

Office administrative assistant $ 74,000

Office administrative assistant 49,000

President's salary 189,000

Common fixed expenses is the sum of the mentioned amounts above

= $ 312,000

if that one is not good then here is a other answer

WV Construction two divisions common fixed expenses is $312000

WV Construction two divisions Compensation cost that can't be distributed on a division astute premise are common fixed costs and can't be dispensed toward any office.

Total common fixed expense = $74000 + $49000 + $189000

Total common fixed expense = $312000

The responsibility report for a revenue center would compare:___.
A. actual revenues to budgeted revenues.
B. actual revenues and costs to budgeted revenues and costs.
C. actual profits to budgeted profits.
D. actual costs to budgeted costs.

Answers

Answer:

A. actual revenues to budgeted revenues.

Explanation:

Revenue center deals with quantity sold and sales prices. Therefore it keeps track of differences between Actual (Quantity x Price) and Budgeted (Quantity x Price).Thus, The responsibility report for a revenue center would compare: A. actual revenues to budgeted revenues.

what is the primary benefit people receive in exchange for paying premiums to an insurance company

Answers

Answer:

The insurance company will pay for covered expenses

With premium rates from insurance companies, the overall protection is much more guaranteed than a regular, and perhaps the insurance will cover more than regular insurance.

A benefit that people receive in exchange for paying premiums is that insurance company B.will pay for covered expenses.

What is insurance?

The insurance can be regarded as a process of insuring one's property or life in case of danger or any future problems.

The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.

Therefore, option B is correct because, when people pay their premiums, the company will be available to covered expenses.

Learn more about insurance here,

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Zero Calories Company has 16,000 shares of cumulative preferred 1% stock, $40 par and 80,000 shares of $150 par common stock. The following amounts were distributed as dividends:
Year 1 $21,600
Year 2 4,000
Year 3 100,800
Determine the dividends per share for preferred and common stock for each year.

Answers

year 3 i just took the test trust me it is year 3

The second step in developing a Performance Measurement Baseline (PMB) is to: Define and scope the work Schedule the work Prepare the Integrated Program Management Report (IPMR) Budget the work

Answers

Answer:

The second step in developing a Performance Measurement Baseline (PMB) is to:

Schedule the work.

Explanation:

After determining the goal and deliverables of the project, the scope baseline is created using the scope statement, the work breakdown structure and dictionary.  These documents require stakeholders approval.  Then, the second step is to determine the sequence of activities, estimate the durations of activities, and determine the resource needs of the scheduled activities.

One of the reasons for recognizing revenue at the time of sale is that the risk of loss due to price decline or destruction of the goods is passed to the buyer.A. True B. False

Answers

Answer: True

Explanation:

Sales refer to transactions which involves the provision of goods and services to the consumer.

Revenue is recognized at the time of sale so the risk of loss due to price decline or destruction of the goods is passed to the buyer.

Therefore, the correct option is true.

Compute the payback period for each of these two separate investments:

a. A new operating system for an existing machine is expected to cost $290,000 and have a useful life of four years. The system yields an incremental after-tax income of $83,653 each year after deducting its straight-line depreciation. The predicted salvage value of the system is $11,000.
b. A machine costs $200,000, has a $15,000 salvage value, is expected to last eleven years, and will generate an after-tax income of $46,000 per year after straight-line depreciation.

Answers

Answer:

1.89 years

3.18 years

Explanation:

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows

Payback period = Amount invested / cash flow

Cash flow = net income + depreciation

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

(290,000 -11,000) / 4 = 69,750

Cash flow = $83,653 + 69,750 = 153,403

Payback = $290,000 / 153,403 = 1.89

(200,000 - 15,000) / 11 = 16,818.18

Cash flow = $46,000 +  16,818.18 = 62,818.18

Payback = 200,000 / 62,818.18 = 3.18

1.57

Free Skies Inc.'s annual report contained the following information (dollars in millions): Net loss $ (13,302 ) Depreciation, amortization, and impairments 34,990 Decrease in receivables 2,045 Increase in inventories 6,266 Decrease in accounts payable 505 Additions to equipment 4,677 Required: 1. Based on this information, compute cash flow from operating activities using the indirect method.

Answers

Answer: $16,962

Explanation:

The cashflow from operating activities of a company shows the cash it gets from its day-to-day operations.

It is calculated as follows:

= (Net loss) + Depreciation + Decrease in receivables - increase in inventory - Decrease in accounts payable

= -13,302 + 34,990 + 2,045 - 6,266 - 505

= $16,962

Wahlberg Company Income Statement For the Years Ended December 31
2020 2019
Net sales $1,813,600 $1,746,200 Cost of goods sold 1,013,400 990,000 Gross profit 800,200 756,200 Selling and administrative expenses 514,800 474,000 Income from operations 285,400 282,200 Other expenses and losses Interest expense 17,400 14,400 Income before income taxes 268,000 267,800 Income tax expense 78,019 77,600 Net income $ 189,981 $ 190,200
Wahlberg Company Balance Sheets December 31 Assets 2020 2019 Current assets Cash $60,000 $64,700 Debt investments (short-term) 70,200 49,600 Accounts receivable 117,400 101,100 123,700 Inventory 115,500 Total current assets 371,300 330,900 Plant assets (net) 598,900 523,900 $970,200 $854,800 Total assets Liabilities and Stockholders' Equity Plant assets (net) 598,900 523,900 $970,200 Total assets $854,800 Liabilities and Stockholders' Equity Current liabilities Accounts payable $160,800 $144,700 Income taxes payable 43,500 41,800 Total current liabilities 204,300 186,500 Bonds payable 220,000 200,000 424,300 Total liabilities 386,500 Stockholders' equity Common stock ($5 par) 275,600 300,100 Retained earnings 270,300 168,200 Total stockholders' equity 545,900 468,300 Total liabilities and stockholders' equity $970,200 $854,800 All sales were on account. Net cash provided by operating activities for 2020 was $230,000. Capital expenditures were $136,000, and cash dividends were $87,881. nings per share, 6.8 or 6.8%. Use 365 days for calculation.) 3.38 (a) Earnings per share (b) Return on common stockholders' equity 33.31 % (c) Return on assets 20.53 % (d) 1.82 :1 Current ratio 1.21 times (e) Accounts receivable turnover (f) 16.6 days Average collection period (g) Inventory turnover 15.16 times (h) 16.4 days Days in inventory 1.87 times (i) Times interest earned times (j) Asset turnover (k) Debt to assets ratio 22.32 % (l) Free cash flow

Answers

Answer:

Answer:

Wahlberg Company

(a) Earnings per share = $3.45 ($189,981/55,120) $3.17 ($190,200/60,020)

(b) Return on common stockholders' equity = 34.80%       40.61%

                                             ($189,981/$545,900)      ($190,200/$468,300)

(c) Return on assets    =         19.58%                       22.25%

                                             ($189,951/$970,200)      ($190,200/$854,800)

(d) Current ratio =                             1.82 times        1.77 times

= Total current assets                         371,300/    330,900/

/Total current liabilities                      204,300     186,500

(e) Accounts receivable turnover = 16.60 times

(f) Average collection period = 22 days

(g) Inventory turnover  = 8.47 times

(h) Days in inventory = 43.1 days

(i) Times interest earned times  = 16.4 times    19.6 times

(j) Asset turnover = 1.99x

(k) Debt to assets ratio  =   43.37%      45.22%

(l) Free cash flow  

= $94,000

Explanation:

a) Data and Calculations:

Wahlberg Company

Income Statement

For the Years Ended December 31

                                                                2020          2019

Net sales                                          $1,813,600   $1,746,200

Cost of goods sold                            1,013,400       990,000

Gross profit                                         800,200       756,200

Selling and administrative expenses 514,800       474,000

Income from operations                    285,400      282,200

Other expenses and losses

Interest expense                                   17,400         14,400

Income before income taxes            268,000      267,800

Income tax expense                             78,019         77,600

Net income                                      $ 189,981    $ 190,200

Wahlberg Company

Balance Sheets December 31

Assets                                                        2020          2019

Current assets

Cash                                                     $60,000     $64,700

Debt investments (short-term)              70,200       49,600

Accounts receivable                              117,400       101,100

Inventory                                               123,700      115,500

Total current assets                             371,300    330,900

Plant assets (net)                                598,900    523,900

Total assets                                      $970,200  $854,800

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable                            $160,800   $144,700

Income taxes payable                         43,500       41,800

Total current liabilities                      204,300     186,500

Bonds payable                                  220,000   200,000

Total liabilities                                   424,300    386,500

Stockholders' equity

Common stock ($5 par)                   275,600    300,100

Retained earnings                            270,300    168,200

Total stockholders' equity               545,900   468,300

Total liabilities and

stockholders' equity                    $970,200 $854,800

Net cash provided by operating activities for 2020 was $230,000.

Capital expenditures were $136,000

Cash dividends were $87,881.

Earnings per share, 6.8 or 6.8%

Outstanding shares    =55,120 ($275,600/$5)    60,020 ($300,100 /$5)

Average Receivable = $109,250 ($117,400 + $101,100)/2

Average inventory = $119,600 ($123,700 + $115,500)/2

Average assets = $912,500 ($970,200 + $854,800)/2

(a) Earnings per share = $3.45 ($189,981/55,120) $3.17 ($190,200/60,020)

(b) Return on common stockholders' equity = 34.80%       40.61%

                                             ($189,981/$545,900)      ($190,200/$468,300)

(c) Return on assets    =         19.58%                       22.25%

                                             ($189,951/$970,200)      ($190,200/$854,800)

(d) Current ratio =                             1.82 times        1.77 times

= Total current assets                         371,300/    330,900/

/Total current liabilities                      204,300     186,500

(e) Accounts receivable turnover  = $1,813,600/$109,250 = 16.60 times

= Net Sales/Average Receivable

(f) Average collection period = $109,250/$1,813,600  * 365 = 22 days

(g) Inventory turnover  = $1,013,400/$119,600 = 8.47 times

(h) Days in inventory = $119,600/$1,013,400 * 365 = 43.1 days

(i) Times interest earned times = EBIT/Interest Expense

= 16.4 times ($285,400/$17,400)      19.6 times ($282,200/$14,400)

(j) Asset turnover = Sales/Average Assets = $1,813,600/$912,500 = 1.99x

(k) Debt to assets ratio  =   43.37%      45.22%

                           ($424,300/$970,200)    ($386,500/$854,800)

(l) Free cash flow  = Net cash provided by operating activities - Capital expenditures

=  $230,000 - $136,000

= $94,000

You just returned from some extensive traveling.You started your trip with $10,000 in your pocket.You spent 1.32 million pesos in Chile where Ps1 = $.001642.You spent Ps36,000 in Uruguay where Ps1 = $.03526.Then on the way home,you spent Ps29,000 in Mexico where $1 = Ps18.8709.How many dollars did you have left by the time you returned to the U.S.?
A) $3,889.07
B) $4,001.84
C) $4,110.27
D) $5,026.44
E) $4,299.03

Answers

Answer:

Option D = 5026.45

Explanation:

Amount at the start of the trip = $10000

Change the 1 million pesos into dollars, Chile = 1320000 x 0.001642 = 2167.44

Uruguay = 36000 x 0.03526 = 1269.36

Mexico = 29000 / 18.8709 = 1536.75

Dollars left at time return to U.S. = $10000 - 2167.44 - 1269.36 - 1536.75

Dollars left at time return to U.S. = 5026.45

Option D = 5026.44

Joshua has been working as a project manager in an information technology company for three years. Martha is a delivery team lead in the same company. When the company receives a project that has to be completed in a short span of time, Joshua decides to increase the daily work hours of the delivery team to accommodate the project. Martha, however, insists that Joshua request the client for a time extension. Not willing to reach an agreement, Joshua and Martha ignore each other's opinions and begin working on the project individually. Which of the following conflict-handling intentions does this scenario portray? Collaborating Accommodating Avoiding Compromising

Answers

The conflict-handling deals with collaborating

The current price for a good is ​$​, and units are demanded at that price. The price elasticity of demand for the good is . When the price of the good drops by percent to ​$​, consumer surplus _______ increases decreases by ​$ nothing. ​(Enter your response to the nearest​ penny.)

Answers

Answer:

Consumer surplus decreases by $180.

Explanation:

Current consumer surplus =  $25 * 90 unit = $2250

If the price of goods drop to $23 then the new consumer surplus will be

$23 * 90 units = $2070

The change in consumer surplus is $180 .

Walters manufactures a specialty food product that can currently be sold for $21.50 per unit and has 19,500 units on hand. Alternatively, it can be further processed at a cost of $11,500 and converted into 11,500 units of Deluxe and 5,500 units of Super. The selling price of Deluxe and Super are $31.50 and $19.50, respectively. The incremental net income of processing further would be:

Answers

Answer:

the  incremental net income of processing further is $38,750

Explanation:

The computation of the incremental net income of processing further is given below:

= (11,500 units × $31.50 + 5,500 units × $19.50 - $11,500) - ($19,500 × $21.50)

= ($362,250 + $107,250 - $11,500) - $419,250

= $38,750

Hence, the  incremental net income of processing further is $38,750

Suppose a country has government expenditures of $3,500, taxes of $2,200, consumption of $9,000, exports of $2,500, imports of $2,700, transfer payments of $750, capital depreciation of $800 and investment of $3,000. GDP equals:_______.A. $24,450B. $11,550C. $15,300D. $20,700

Answers

Answer:

C. $15,300

Explanation:

Calculation to determine what GDP equals:

Using this formula

GDP = Consumption + Investment spending + Government Spending + Net Export

Where,

Net Export = Export - Import

Let plug in the formula

GDP=$9,000 + $3,000 + $3,500 + ($2500 - $2700)

GDP= $15,300

Therefore GDP equals:$15,300

As a technical project manager, you have decided to propose implementing a prototyping methodology for a small web-based design project. What is the first step you will follow in this project

Answers

Answer: Identify user requirements.

Explanation:

The first thing that the manager needs to do is to find out the user requirements for such design products. This is akin to identifying the problem in the scientific method.

Knowing the user requirements of such a product would then help the manager come up with possible solutions that can then be developed into prototypes to see if they satisfy the requirements that users have.

If IBM has a beta of 1.2 when the risk-free rate is 6% and the expected return on the market portfolio is 18%, the expected return on IBM is:

Answers

Answer:

20.4%

Explanation:

Calculation to determine what the expected return on IBM is:

Using this formula

E(Ribm)=Risk-free rate+(Market portfolio -Risk-free rate) Beta

Let plug in the formula

E(Ribm) = 6% +(18%-6%)1.2

E(Ribm)=6%+12%(1.2)

E(Ribm)=6%+14.4%

E(Ribm)=20.4%

Therefore the expected return on IBM is:20.4%

Suppose that a firm currently produces 100 units using 10 units of K and 14 units of labor per day. The wage rate is $100 and the rental rate is $150 per day. The cost to produce this output is

Answers

Answer: $2,900

Explanation:

The cost of this amount of output is:

= (Amount of K used * Rental rate of capital) + (Amount of labor used * wage rate)

= (10 * 150) + (14 * 100)

= 1,500 + 1,400

= $2,900

Richards Corporation uses the FIFO method of process costing. The following information is available for October in it's fabricating department: Units: Beginning inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion. Units started and completed: 250,000 Units completed and transferred out: 330,000 Ending inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion Costs: Costs in beginning Work in Process - direct materials: $37,200 Costs in beginning Work in process - conversion: $79,700 Costs incurred in October - Direct materials: $646,800 Costs incurred in October: Conversion: $919,300 Calculate the equivalent units of conversion. A. 250,000 B. 317,000 C. 294,000 D. 333,000 E. 342,000

Answers

Answer:

B. 317,000

Explanation:

                     Statement of Equivalent production

Particulars           Conversion    % Completion    Equivalent Conversion

Opening WIP              80,000                   80%                 64,000

Units started &           250,000                100%                250,000

completed

Ending WIP                 30,000                   10%                  3,000    

Equivalent Units                                                                317,000

Find the next year's net income for XYZ Inc. Next year, the sales grow by 25%. The current sales $300 million, and the current profit margin is 10% and you expect it to remain constant.

Answers

Answer: $37.5 million

Explanation:

The next year's net income for XYZ will be calculated as follows:

Current sales = $300 million

Current Profit margin = 10%

Sales Growth rate = 25%

The next year's sales will be:

= Current Year's Sales × (1 + Sales Growth rate)

= $300 million × (1 + 0.25)

= $300 million × 1.25

= $375 million

Next Year's Net Income will then be:

= $375 million × 10%

= $37.5 million

For most goods in an economy, the primary signal that guides the decisions of buyers and sellers is a. quality. b. advertising.

Answers

Answer:

There will be more options than 2 of them. Probably it was a brainly error.

For most goods in an economy, the primary signal that guides the decisions of buyers and sellers is price.

Costs associated with two alternatives, code-named Q and R, being considered by Albiston Corporation are listed below: Alternative Q Alternative R Supplies costs$79,000 $79,000 Power costs$36,600 $35,600 Inspection costs$32,000 $35,600 Assembly costs$48,000 $48,000 Required: a. Which costs are relevant and which are not relevant in the choice between these two alternatives

Answers

Answer:

Albiston Corporation

Relevant  and Irrelevant Costs:

Relevant Costs:

                      Alternative Q   Alternative R

Power costs        $36,600           $35,600

Inspection costs $32,000           $35,600

Irrelevant Costs:

                      Alternative Q   Alternative R

Supplies costs     $79,000           $79,000

Assembly costs  $48,000           $48,000

Explanation:

a) Data and Comparisons:

                      Alternative Q   Alternative R

Supplies costs     $79,000           $79,000

Power costs        $36,600           $35,600

Inspection costs $32,000           $35,600

Assembly costs  $48,000           $48,000

b) Relevant costs make a difference in the choice between alternative Q or R.  The costs that are the same in amount are not relevant.  Supplies costs and Assembly costs are two irrelevant costs, while Power costs and Inspection costs are relevant because they are not the same under the two alternatives.  They make a difference in the choice of each alternative.

Pharmaceutical companies are sometimes perceived as profiting unfairly from drugs they sell. Suppose that a new law shortens the time during which the manufacturer has exclusive use of the drug formula. Place the events in sequence to illustrate how restricting profits by pharmaceutical companies will affect innovation.

a. Pharmaceutical companies reduce their estimate of the profitability of new drug research.
b. Fewer new drugs are brought to market.
c. Pharmaceutical companies are less willing, to invest in drug development.

Answers

Answer:

1. Pharmaceutical companies reduce their estimate of the profitability of new drug research.

2. Pharmaceutical companies are less willing to invest in drug development.

3. Fewer new drugs are brought to market.

Explanation:

Given that the pharmaceutical companies are recognized as making profits in an unfair way by selling drugs. Now there is a new law which shortens the duration of time of the use of the drug formula by the manufacturer.  

Thus the events in a sequence order which shows how the restricting profits by the pharmaceutical companies affects the innovation are :

The companies tries to reduce their estimate of profitability of the new drug research.The pharmaceutical research does not want to invest their money in the research and development of the drugs.Only few drugs are put in the market.

Layton Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 3.8 percent. What is the dollar price of the bond

Answers

Answer:

Bond Price​= $2,162.94

Explanation:

Giving the following information:

Par value= $2,000

YTM= 0.038/2= 0.019

Coupon= (0.046/2)*2,000= $46

Years to maturity= 13*2= 26

To calculate the price of the bond, we need to use the following formula:

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 46*{[1 - (1.019^-26)] / 0.019} + [2,000 / (1.019^26)]

Bond Price​= 936.91 + 1,226.03

Bond Price​= $2,162.94

If a firm has invested in corporate bonds, it may engage in a financial futures contract in order to protect itself from :___________

a. declining interest rates.
b. rising interest rates.
c. inflation.
d. changes in hedging activities.

Answers

Answer:

b. rising interest rates.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (creditor or investor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time.

Generally, the bond issuer is expected to return the principal at maturity with an agreed upon interest to the bondholder, which is payable at fixed intervals.

The par value of a bond is its face value and it comprises of its total dollar amount as well as its maturity value. Also, the par value of a bond gives the basis on which periodic interest is paid. Thus, a bond is issued at par value when the market rate of interest is the same as the contract rate of interest. This simply means that, a bond would be issued at par (face) value when the bond's stated rated is significantly equal to the effective or market interest rate on the specific date it was issued.

In Economics, bonds could either be issued at discount or premium.

Generally, if a business firm has invested in corporate bonds, it may engage in a financial futures contract in order to protect itself from rising interest rates.

Tisdale Incorporated reports the following amount in its December 31, 2021, income statement. Sales revenue $ 250,000 Income tax expense $ 20,000 Non-operating revenue 100,000 Cost of goods sold 180,000 Selling expenses 50,000 Administrative expenses 30,000 General expenses 40,000 Required: 1. Prepare a multiple-step income statement

Answers

Answer and Explanation:

The preparation of the multiple step income statement is presented below

Sales revenue $250,000

Less: cost of goods sold -$180,000

Gross profit $70,000

Less

Selling expenses 50,000

Administrative expenses 30,000

General expenses 40,000

Total operating expenses -$120,000

Non operating revenue $100,000

Income before income taxes $50,000

Less: income tax expense -$20,000

Net income $30,000

FAB Corporation will need 200,000 Canadian dollars (C$) in 90 days to cover a payable position. Currently, a 90-day call option with an exercise price of $.75 and a premium of $.01 is available. Also, a 90-day put option with an exercise price of $.73 and a premium of $.01 is available. FAB plans to purchase options to hedge its payable position. Assuming that the spot rate in 90 days is $.71, what is the net amount paid, assuming FAB wishes to minimize its cost

Answers

Answer:

$144,000

Explanation:

Calculation to determine net amount paid, assuming FAB wishes to minimize its cost

Net amount: ($.71 + $.01) x 200,000

Net amount = $144,000.

Therefore net amount paid, assuming FAB wishes to minimize its cost is $144000

The fund has 49,000 shares and liabilities of $124,000. Assume the fund is sold with a front-end load of 2.5 percent. What is the offering price of the fund

Answers

Answer: $49.81

Explanation:

The offering price is calculated as:

= NAV per share / (100 - front-end load)

NAV per share = (Value - liabilities) / Number of shares

= [ ( 12,000 * 86) + (32,000 * 15) + (3,500 * 69) + (75,000 * 10) - 124,000] / 49,000 mutual fund shares

= 2,379,500 / 49,000

= $48.56

Offering price = 48.56 / (100 - 2.5%)

= $49.81

If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the Triple Sevens from rooms per night to rooms per night. Therefore, the income elasticity of demand is , meaning that hotel rooms at the Triple Sevens are

Answers

Answer:

Therefore, the income elasticity of demand is 0.83, meaning that hotel rooms at the Triple Sevens are normal goods and necessities.

Explanation:

Note: This question is not complete as some data in it are missing. The complete question is therefore provided before answering the question as follows:

If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the Triple Sevens rises from 300 rooms per night to 350 rooms per night. Therefore, the income elasticity of demand is __________, meaning that hotel rooms at the Triple Sevens are__________.

The explanation of the answer is now provided as follows:

Percentage change in income = 20%

Percentage change in quantity of rooms demanded = ((350 - 300) / 300) * 100 = 16.67%

Income elasticity of demand = Percentage change in quantity of rooms demanded / Percentage change in income = 16.67% / 20% = 0.83

Since the income elasticity of demand is positive but less than one, this implies that hotel rooms at the Triple Sevens are normal goods and necessities.

Therefore, the income elasticity of demand is 0.83, meaning that hotel rooms at the Triple Sevens are normal goods and necessities.

In a perpetual inventory system a.a count must be made in order to know the inventory amount. b.the inventory records cannot be computerized. c.the amount of inventory for sale and the amount sold are not listed in the inventory account. d.each purchase and sale of inventory is recorded in the inventory account.

Answers

Answer:

d. each purchase and sale of inventory is recorded in the inventory account.

Explanation:

The perpetual inventory system keeps record of inventory and cost of sales after each and every transaction. Its records are always updated after every purchase or sale transaction thus, In a perpetual inventory system : each purchase and sale of inventory is recorded in the inventory account.

When using the Time-Cost Critical Path Method (CPM) Scheduling Model to "crash" a project, you know when you have arrived at the optimal solution when _____.
a) You have found the critical path
b) You have run out of crash time
c) You no longer have a linear relationship with costs
d) You have reached the minimum total cost
e) You have run out of crash costs

Answers

Answer:

a) You have found the critical path

Explanation:

The Time Cost Critical Path Method(CPM) in project management works by adding up/calculating duration of all tasks/activities in the project in order to find the longest time possible to complete the project. It is a method to estimate project duration using a flow chart that shows a network of tasks and estimated duration(start and finish times). The critical path is reached when project time is at the maximum/longest time of completion.

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