mcmurtry corporation sells a product for $120 per unit. the product's current sales are 12,300 units and its break-even sales are 10,824 units. the margin of safety as a percentage of sales is closest to: multiple choice 88% 86% 14% 12%

A tangible good is something you can hold in your hand or touch with your hands. Products like furniture, clothing, technology, toys, and books are examples of physical goods.

Any physical item that the consumer can see, touch, or hold is considered a tangible good. It is a tangible object that you can touch or hold in your hand and that is real. The term "tangible goods" refers to a broad range of things that may be purchased and sold on the market, including a wide range of apparel, gadgets, toys, books, furniture, and other physical objects. In order to be sold to customers, these products are often produced and then stored in a warehouse. The distinction between tangible and intangible things, which cannot be handled or felt physically, such as services or digital products, is important.

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Answer: you need to save for any emergency, be debt free, pay for your car cash, pay for college cash, so that when you graduate you will not have debt holding you down

Explanation:

These basic steps will assist you to develop more financial self-assurance:

Finance is the look at and discipline of cash, forex, and capital assets. it's miles related to, however no longer synonymous with economics, that's the take a look at of production, distribution, and consumption of cash, belongings, items, and services (the subject of financial economics bridges the 2). Finance sports take region in economic systems at various scopes, consequently, the sector may be more or less divided into non-public, company, and public finance.

In a financial gadget, assets are sold, offered, or traded as economic instruments, which include currencies, loans, bonds, stocks, shares, options, futures, and many others. The belongings also can be banked, invested, and insured to maximize charges and reduce loss. In practice, risks are continuously found in any monetary action and entity.

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Economic demands are those for which a price must be paid, whereas non-economic wants can be met without paying a price.

Every human being engages in some action to satisfy human desires; these activities are referred to as human activities. These activities are divided into two categories: economic and non-economic.

While economic activities are those performed for the purpose of making money or obtaining wealth, non-economic activities are those performed for free with a service motivation.

The primary distinction between economic and non-economic activities is that economic activities are conducted to meet human requirements, whereas non-economic activities are performed to acquire psychological gratification.

So, read on to learn more about the contrasts between these two forms of human activity. Economics activities are those related with the production, exchange, distribution, and consumption of goods at all levels of society.

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You can more clearly understand the transaction and the possible impacts it might have on a company's financial statements with the help of a Financial Effects Template.

A company's operations and financial performance are detailed in financial statements. Financial statements are regularly audited by government agencies, accounting firms, etc. to ensure accuracy and for tax, financing, or investment reasons.

facilitates investors' decision-making The financial accounts contain the vital information that potential investors require to determine how much money they wish to invest in the company. It also helps investors decide on the share price per dollar they want to invest at.

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How a particular society distributes its resources to produce goods and services describes an economic system.

An economic system refers to way for societies or governments to organize and distribute available resources, services, and goods across a geographical region or country. Economic systems govern the production factors such as land, capital, labor, and physical resources.

An economic system is the collection of institutions, agencies, entities, decision-making processes, and consumption patterns that make up the economic structure of a given community. Market economies, planned economies, centrally planned economies, socialist economies, and communist economies are examples of economic systems.

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The company have to pay $27632.22 in taxes for the year.

Here given that,

The reported taxable income of $131,582 for the fiscal year.

The marginal tax rate for the company is 34%.

The average tax rate for the company is 21%.

We have to multiply the Taxable income by the Company Average tax rate for the year to find out how much the company had to pay in taxes for the year.

=$131,582 x  21%

=$131,582 x 0.21

=$27632.22

The company will pay $27632.22 in total for the fiscal year.

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The rate of return on the stock will be 22.158%. Suppose the market returns 12.70% this year.

What is rate of return?

A rate of return (RoR) seems to be the net gain or loss of an investment over a given time period expressed as a percentage of the initial cost of the investment. The annual rate of return is just the percentage change in an investment's value. The calculation of the stock's rate of return is shown below: Beta is the expected rate of return on the stock (Rate of return - Market rate of return)

= 1.8 × (0.127 - 0.140) (0.127 - 0.140)

= - 3.042%

As a result, the expected rate of return on the stock is equal to the current percentage minus the expected rate of return on the stock.

= 0.2520 - 0.03042

= 22.158%

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An unconsummated transaction refers to a transaction that has been initiated or proposed, but has not yet been completed or finalized.

In other words, an unconsummated transaction is one in which the exchange of goods, services, or assets has not taken place. This can occur for a variety of reasons, such as a change of plans, a failure to meet conditions, or a lack of agreement on terms. An unconsummated transaction is considered void, and no rights or obligations are created as a result. It is a transaction that has started but has not yet been completed and the exchange of goods, services or payments has not taken place. The term is often used in financial, business, or legal contexts and refers to a transaction that is still in progress and has not yet been finalized.

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Based on the given revenue function and cost function:

From the case we know that:

Revenue function : R(q) = -q³ + 200q²

Cost function : C(q) = 350 + 12q

Marginal profit is the remaining of revenue subtracted with the production cost. Hence, the marginal profit function would be:

P(q) = R(q) - C(q)

P(q) = -q³ + 200q² - [350 + 12q]

P(q) = -q³ + 200q² - 350 - 12q

To earned the maximum profit, we need to differentiate the marginal profit function equals to zero

P'(q) = 0

d(-q³ + 200q² - 350 - 12q) / dq = 0

-3q² + 400q - 0 - 12 = 0

3q² - 400q + 12 = 0 ... (i)

We will use ABC rules to find the amount of q

q = [-b ± √(b²-4ac)] / 2a

q = [-400 ± √(160000 - 4(3)(12)] / 2(3)

q = [-400 ± √(160000 - 144] / 6

q1 = 0.03

q2 = 133.3

Since we have 2 different critical points, we will need to differentiate the first differentiation of marginal profit function to find which one is the maximum point. The maximum point's result should be lower than zero (0).

P'(q) = -3q² + 400q - 12 = 0

P''(q) = -6q + 400q ... 0

P''(0.03) = -6(0.03) + 400 = 399.82 > 0  

P''(133.3) = -6(133.3) + 400 = -399.8 <0 ---> maximum point

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Complete Question:

Suppose a company's revenue function is given by R(q) = -q³ + 200q² and its cost function is given by C(q) = 350 + 12q, where is hundreds of units sold/produced, while R(q) and C(q) are in total dollars of revenue and cost, respectively.

a) find a simplified expression for the marginal profit function. (be sure to use the proper variable in your answer.)

b) how many items (in hundreds) need to be sold to maximize profits? answer: hundred units must be sold. (round to two decimal places.)

C. Price elasticity measures how responsive price will be to a change in demand.

Price elasticity is a measure of how sensitive the demand for a good or service is to a change in its price. It measures the responsiveness of demand to changes in the price of the good or service, and is an important tool for understanding consumer behavior. Price elasticity can be used to identify how much a change in price will affect demand for a particular good or service. For example, if the price of a good is increased by 10%, the demand for the good may decrease by 20%. In this case, the price elasticity of demand would be -2, which indicates that the demand is highly elastic. Additionally, price elasticity can be used to inform sellers on how they should set prices for their products. If the demand for a good or service is highly elastic, sellers may want to consider lowering their price in order to increase demand and sales. On the other hand, if the demand is inelastic, a small change in price can result in a large change in demand. This knowledge can be used by sellers to maximize their profits by setting prices that are most beneficial to their business.

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The inversion most likely affect the region in which it occurs is during transcription, the information in the area is read in a different way.

A structure located within a cell's nucleus. Proteins and DNA are grouped into genes on a chromosome. Normally, each cell has 23 pairs of chromosomes. Chromosomes are threadlike structures consisting of protein and a single DNA molecule that transport genetic information from cell to cell.

Chromosomes are found in the nucleus of cells in plants and animals (including humans). Chromosomes are DNA-carrying structures located in the center (nucleus) of cells. The substance that contains genes is known as DNA.

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The impact of weekly income on household expenses can differ based on a number of variables, including the household's financial priorities and goals, its size, and the cost of living in the area.

In general, home expenses may rise along with weekly income. Households with higher incomes may afford additional luxuries, like dining out, entertainment, and vacation. Additionally, they could be able to buy more pricey products like luxurious cars or bigger mansions. Households with increased weekly incomes may opt to save or invest their additional funds instead of raising their spending, nevertheless. Debt, individual financial management techniques, and prevailing economic conditions are only a few examples of the variables that may have an impact on the link between weekly income and family expenses. As a result, the impact of weekly income on household spending is complicated and influenced by a variety of societal and economic factors.

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Total revenue - operating costs = Operating cash flow

i.e. [tex]$67,841[/tex][tex]-$19,970 = $ 47,871[/tex]

So, operating cash flow is $47,841

Operating cash flow (OCF), cash flow from operating activities (CFO), or free cash flow from operations (FCFO) are terms used in financial accounting to describe how much cash a company generates from its revenues after deducting costs associated with long-term investments on capital items or investments in securities.

Operating activities are any costs or funding sources connected to a business's ongoing operations. The International Financial Reporting Standards define operating cash flow as cash generated from operations less taxes and interest payments. Cash created from operations must take into account cash paid to suppliers and cash generated from customers. Operating cash flow is reflected in the difference between the two.

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The given statement is false: Democrats and Democratic leaners are significantly more logical than Republicans and the individuals who shelter. the GOP to say diminishing economic inequality ought to be a main concern for the public authority (61% versus 20%).

Likewise, Democrats are almost two times as possible as Republicans to say there's a lot of economic inequality in the U.S. these days (78% versus 41%).

Among the people who say there's a lot of economic inequality, seven-in-ten think some measure of inequality is OK, and this is the situation among majorities of Democrats (68%) and Republicans (77%). Around 3/4 of Democrats who say there's an excessive amount of economic inequality (74%) say addressing it would require major changes to the economic system, and 14% say the system should be totally reconstructed. A big part of their Republican counterparts say the system requires major changes, and 12% think it should be reconstructed.

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The three roles that Mintzberg outlined are: Interpersonal, Informational and Personal Roles.

Interpersonal Roles that require the manager to communicate with individuals both inside and outside the organization include liaison, leader, and figurehead.

Informational roles include being a spokesperson, a disseminator, and a monitor, all of which need the manager to gather, distribute, and analyze information.

Decision-making is required in these personal roles, which include entrepreneur, disturbance handler, resource allocator, and negotiator.

Coordination is achieved through mutual adjustment, a straightforward process of informal communication (as between two operating employees)

The goal of direct supervision is to have one individual give orders or instructions to a group of people whose tasks are related to one another.

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Both excel gas and corner market know that there is going to be a big concert in town. This is an example of oligopoly.

An oligopoly is a market arrangement in which a small number of enterprises may prevent the rest from wielding substantial influence. The concentration ratio calculates the largest enterprises' market share.

A monopoly market has a single producer, a duopoly has two firms, and an oligopoly has two or more enterprises. The number of firms in an oligopoly has no definite upper limit, but it must be small enough that the activities of one firm have a considerable influence on the others.

Steel makers, oil firms, railways, tire manufacturers, grocery store chains, and cellular carriers are examples of oligopolies throughout history. The economic and legal worry is that an oligopoly can prevent new players from entering the market, limit innovation, and raise prices.

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The screen on which dividend income is entered is  1099-DIV.

A 1099-DIV tax document is proof that you received dividends from a firm or other organization. A 1099-DIV will be sent if you received more than $10 in dividends from a corporation or other organization. The 1099-DIV is a typical form of IRS Form 1099, which is an record of money given or received to you by a business or person other than your employer.

Your brokerage firm may send you a 1099-DIV tax form if you earned dividends on your assets. A Form 1099-DIV will include your Social Security number or taxpayer identification number, indicating that the IRS is aware that you earned dividends and will be aware if you fail to disclose that income on your tax return.

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Simple interest per year must acb earn to have the same amount of money in 12 years from today as zxy will have in 12 years from today. A rate is within 0.05 percentage points of an annual rate.

What is the annual rate?

The profits from an investment over a given time period are referred to as annual yield. Earnings from holding an investment, such as dividends and interest, are included in the yield. In other terms, the yield is the annual return on investment that a shareholder receives.

The annual rate, on the other hand, is the percentage that investors earn annually for their investments. The interest that an investor can anticipate from a debt security like a bond or certificate of deposit is also expressed as an annual rate. The annual rate for a loan is the proportion of the principle that the lender will charge every year until the loan is fully repaid. The interest rate on debt securities is often referred to as the coupon rate.

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The periodic rises and falls that occur in the economies over time are called business cycles.

Business cycles are a type of fluctuation that can be seen in the overall economic activity of a country; they are characterized by expansions that occur roughly at the same time across many economic activities, followed by broadly similar contractions (recessions). Although not periodic, this series of adjustments occurs frequently. The alternation of phases of expansion and contraction in overall economic activity, as well as the movement of economic variables during each phase of the cycle, are the main characteristics of business cycles. Real GDP, which measures aggregate output, as well as aggregate measures of industrial production, employment, income, and sales serve as indicators of aggregate economic activity and are the primary coincident economic indicators used to determine the peak and trough dates of the U.S. business cycle.

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The president is responsible for the cabinet's involvement in formulating policy. A president may only be chosen to hold office for a total of ten years.

The innermost cabinet is made up of the secretary of state, defense, treasury, and attorney general.

The House Speaker of the House would take over as president when both the vice president's and president's positions become empty while simultaneously time.

Putting together the executive branch's staff is among the president's initial duties. There at presidential inauguration, the Chief Justice administers the swearing-in ceremony.

The electors are determined by popular election because the states started listing the presidential contenders upon that ballot.

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Someone working to build or improve their credit are:

Credit is the ability to borrow cash or get admission to items or services with the expertise that you will pay later. A debit entry in an account represents a switch of cost to that account, and a credit score entry represents a switch from the account. each transaction transfers fees from credited bills to debited accounts.

Credit score (mortgage) refers to an agreement in which the lender materials the borrower with money, items, or offerings in return for the promise of future payment. The 3 major forms of credit score are revolving credit score, installment, and open credit score. credit permits humans to buy items or services using borrowed cash. The lender expects to get hold of the chargeback with extra money (referred to as interest) after a certain amount of time.

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As the CFO of a not-for-profit (NFP) hospital, there are several advantages and additional responsibilities compared to a for-profit hospital.

Advantages - Tax Exemptions: NFP hospitals are exempt from paying federal and state income taxes, as well as other taxes, such as property taxes, sales taxes, and others.

Tax-Deductible Donations: NFP hospitals may receive tax-deductible donations, which can provide additional funding to support their mission. Eligibility for Government Grants: NFP hospitals may be eligible for government grants, which can provide additional funding to support their mission.

Additional Responsibilities - Mission-Driven: NFP hospitals have a mission that goes beyond just generating profits and must provide community benefits and maintain their tax-exempt status.

Increased Transparency and Reporting: NFP hospitals are subject to increased transparency and reporting requirements, including annual tax returns, financial statements, and regular reporting to stakeholders and the community.

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A "country risk" assessment reviews a country's economic situation and politics to determine how much risk to employees, property, and investment exists for firms doing business there.

A country risk assessment is a comprehensive evaluation of a country's economic, political, and social conditions to determine the level of risk for businesses operating in the country. This analysis is usually conducted by international organizations, investment firms, or government agencies to assess the potential risk to employees, property, and investment in the country.

The assessment typically considers a range of factors, including the country's political stability, the strength of its institutions and legal system, the level of corruption, the state of its economy, the availability of resources, and the openness of its markets. The results of the assessment can provide valuable information to businesses and investors who are considering investing in or expanding operations in the country.

A high country risk score can indicate that there is a greater likelihood of political instability, economic uncertainty, or other factors that could negatively impact business operations. This can result in higher costs for businesses, such as increased insurance premiums or the need to invest in additional security measures.

On the other hand, a low country risk score can indicate that the country is relatively stable, with a well-functioning government and a favorable economic environment. This can provide businesses with a more predictable and stable operating environment, reducing the risk of unexpected costs or disruptions to operations.

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There are four different sorts of accounts that require adjusting. They are deferred revenues and expenses as well as accumulated revenues and expenses. Money earned during one accounting period but not received until another is referred to as accrued revenue.

Year-end adjustments are journal entries made to different general ledger accounts at the conclusion of the fiscal year to produce a set of books that adheres to the relevant accounting framework.

The process of passing all required journal entries to reflect the honest and fair perspective of the business is referred to as the end-of-period adjustment procedure. At year's end, the adjusting entries are approved for the matching principle of accounting.

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When a u.s. grocery store chain purchases bananas from Honduras and coffee from colombia to sell in its stores, it is involved in global economy.

The grocery store chain is involved in international trade, which is the exchange of goods and services between countries. When a grocery store purchases bananas from Honduras and coffee from Colombia to sell in its stores, it is participating in the global economy and taking advantage of the resources available in different countries.

International trade allows grocery stores to access a wider range of products and offer customers a greater variety of goods. By purchasing bananas from Honduras and coffee from Colombia, the grocery store can offer customers a selection of high-quality, fresh produce that may not be available in their local area.

However, grocery stores must also consider the ethical and environmental impacts of their international trade practices. For example, the production of bananas and coffee can have negative effects on local communities, such as deforestation and the use of harmful pesticides. The grocery store must weigh these concerns against the benefits of offering a wider range of products to customers.

It's also important to consider the impact of international trade on the economy of the countries from which the grocery store purchases its products. By buying bananas and coffee from Honduras and Colombia, the grocery store is supporting local farmers and contributing to the local economy.

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The concept of comparative advantage and absolute advantage are two distinct economic theories that are used to help explain trade.

Comparative advantage is when a person is able to produce a good or service more efficiently than another person, while absolute advantage is when a person is able to produce a good or service more than another person, regardless of how efficient they are.

In this example, Martha and Jane are able to produce either quilts or batches of chocolate chip cookies in a month. Martha has a comparative advantage in quilts while Jane has a comparative advantage in chocolate chip cookies.

This means that Martha is able to produce quilts more efficiently than Jane, while Jane is able to produce chocolate chip cookies more efficiently than Martha.

On the other hand, if Martha was able to produce more quilts than Jane, she would have an absolute advantage over her. It is important to note that having an absolute advantage does not necessarily mean that you have a comparative advantage, since comparative advantage is based on efficiency.

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Procedures governing the client acceptance or continuance decision are in place to ensure that auditors provide their services in a manner that is consistent with professional standards and that protects the interests of both the auditor and the client.

Auditors do not accept every client for several reasons. Firstly, the auditor must assess the risks associated with the client and its operations. This includes considering the client's financial stability, the industry in which it operates, and its history of financial reporting.

Secondly, auditors must assess their own ability to perform the audit effectively. This includes considering the size of the client, the complexity of its operations, and the auditor's own expertise and experience

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The original price of the chair before the 35% off sale can be found using the following formula:

Original Price = Sale Price / (1 - Sale Percentage)

In this case, the sale percentage is 35%, which can be expressed as a decimal as 0.35. Plugging in the values, we get:

Original Price = $167.05 / (1 - 0.35)

Original Price = $167.05 / 0.65

Original Price = $256

So the original price of the chair before the 35% off sale was $256.

To understand this calculation, we need to understand the concept of sale percentage. A sale percentage represents the amount by which the price of a product is reduced during a sale. For example, a 35% off sale means that the price of the product has been reduced by 35%. To find the original price of a product before a sale, we need to undo the effect of the sale percentage. This can be done by dividing the sale price by the complement of the sale percentage expressed as a decimal. The complement of the sale percentage is found by subtracting the sale percentage from 100%.

In this example, the sale price of the chair was $167.05, and the sale percentage was 35%, so the original price of the chair was $256. This calculation shows that the chair was originally priced at $256, and the 35% off sale reduced the price to $167.05. This method can be used to find the original price of any product before a sale, as long as the sale percentage and the sale price are known.

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Gross Domestic Product is a contentious metric that aims to gauge overall economic activity but leaves out some information because it is difficult to collect (GDP).

Gross Domestic Product is the divisive statistic that seeks to gauge all economic activity while excluding other information because it is too difficult to collect (GDP). Although GDP is a commonly used indicator of a nation's economic production, it is limited since it only tracks transactions that take place on legally recognised markets. It undercounts real economic activity because it ignores the value of some informal or underground businesses, as well as family and volunteer work. The omission of these elements renders GDP a contentious statistic and emphasises the necessity for supplementary measurements to determine a nation's actual economic health.

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Using the Rule of 72, it would take Mrs. Suzukito 12 years to double her money if she invested $25,000 at 6% interest. The Rule of 72 is a financial rule that helps people determine how long it will take for an investment to double at a given rate.

To use the Rule of 72, divide the annual rate of return into 72. In this case, 72 divided by 6 is 12, so it would take 12 years for Mrs. Suzukito's money to double at 6% interest. This is a quick and easy way to determine how long it will take for an investment to double, and can be especially useful when comparing investment options. Knowing how long it will take to double your money can be useful when planning for retirement or other long-term goals.

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