(1) Marginal tax rate is the rate of tax that is paid on an additional rand of income earned. In this case Marginal tax rate is 36%. (2) Total tax payable is the sum of all the taxes paid on income earned for a year. In this case total tax payable is R145,797. (3) Average tax rate is the percentage of income that is paid in taxes. In this case average tax rate is 30.37%.
1) To calculate the marginal tax rate, we find the highest tax bracket that the income falls into and subtract the tax paid in the previous tax bracket.
Tax paid on R480,000 income = R70,532 + R43,440 + R31,825
= R145,797
Marginal tax rate = 36% (As the income falls in the tax bracket of R467,501 – R613,600)
2) In this case, it is the sum of all the taxes paid in different tax brackets.
Tax paid on R480,000 income = R70,532 + R43,440 + R31,825 = R145,797
Hence amount of total tax payable = R145,797
3) It is calculated by dividing the total tax payable by the taxable income.
Average tax rate = Total tax payable / Taxable income = R145,797 /
R480,000 = 30.37%
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you are thinking of purchasing a house. the house costs . you have in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. the bank is offering a -year mortgage that requires annual payments and has an interest rate of per year. what will be your annual payment if you sign this mortgage?
The house would cost $300,000 to build. You have $43,000 in money that you can put toward a down payment on a house, but the rest of the money must be borrowed.
What does it mean to make a down payment?A mortgage payment on a cottage is the cash paid upfront by the buyer in a real estate transaction or other large purchase. For a primary residence, down payments are generally a percentage of the purchase cost and can range from as little as 3% to as high as 20%.
What is the term for a down payment on a house?A down payment, also known as a deposit in British English, is a beginning up-front partial payment for the acquisition of expensive goods or services as a car or a house. It is usually paid in cash or equivalent at the time of finalizing the transaction.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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How is Infrastructure related to the business and his Impact and Importance on it?
Infrastructure is the most crucial factor of a business organization, and much of a business' growth depends upon better infrastructure.
What is infrastructure?Infrastructure for a business can be understood as a set of facilities and services that are a requirement for the smooth functioning of a business organization.
If the infrastructure is poor, then there is a definite cap on the upper side of a business' growth. Similarly, a better infrastructure increases the opportunities for increase in the productivity of a business.
Hence, the significance of infrastructure is aforementioned.
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which of the following are characteristics of a monopoly market structure? in a monopoly, no close substitutes are available. there are low barriers to entry into the market. there is only one firm in the industry. firm(s) have little to no price-setting power.
The characteristics of a monopoly market structure are;
in a monopoly, no close substitutes are availablethere is only one firm in the industry. What is monopoly market structure ?A market arrangement which is been regarded as monopoly can be seen as one that posses just one seller or producer. however the settings in the monopoly restricts the number of product alternatives accessible and makes and do not help the rival to be able to enter the market. Monopolies may result in dishonest business practices.
Examples of natural monopolies can be seen in corporations that provide utilities such as electricity and natural gas.
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when an auditor reviews additions to the equipment (fixed asset) account to make sure that fixed assets are not overstated, she wants to obtain evidence as to management’s assertion regarding:
when an auditor reviews additions to the equipment (fixed asset) account to make sure that fixed assets are not overstated, she wants to obtain evidence as to management’s assertion regarding existence.
The goal of an independent auditor's financial "review" is to examine the nonprofit's financial statements and determine whether they are consistent with generally accepted accounting principles.
The goal of an independent auditor's financial "review" is to examine the nonprofit's financial statements and determine whether they are consistent with generally accepted accounting principles. The goal of an independent auditor's financial "review" is to examine the nonprofit's financial statements and determine whether they are consistent with generally accepted accounting principles. The goal of an independent auditor's financial "review" is to examine the nonprofit's financial statements and determine whether they are consistent with generally accepted accounting principles.
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Read each statement about trademarks, trade secrets, copyrights, and patents, select the TWO True statements.
Question 14 options:
Trade Secrets are confidential information which may be sold or licensed.
A Trademark protects a brand name.
A Patent is used to protect an original work, like music.
A Copyright is used to protect a company logo.
The two true statements regarding trademarks, trade secrets, copyrights, and patents are as follows.
What are the reasons?Firstly, a trademark is a form of intellectual property that protects a brand name, symbol, or slogan used by a company to identify and distinguish its products or services from those of others.
This ensures that consumers can identify and trust the quality of a company's products or services. Secondly, a copyright is a type of intellectual property protection that is used to safeguard original works of authorship, such as literary, artistic, or musical works.
While a company logo may be eligible for copyright protection, it is not the primary purpose of copyright law.
Instead, copyrights are designed to protect creative works that are fixed in a tangible form and provide exclusive rights to the creator or owner of the work.
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True or False: The income statement records all the revenues and expenses for a given period and shows whether the firm is making a profit or is experiencing a loss.
The given statement is true becasue the income statement records all the revenues and expenses for a given period and shows whether the firm is making a profit or is experiencing a loss.
The income statement is a financial statement that summarizes a company's revenues and expenses over a specific period of time, usually a quarter or a year. It shows the company's profitability by subtracting expenses from revenues. If the result is a positive number, the company is making a profit, and if the result is negative, the company is experiencing a loss.
The income statement is a critical financial statement that helps investors, creditors, and management evaluate the company's performance and financial health.
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four descriptive terms describing possible experience a person may have
1) John has had instructors that have improved her coding skills.
2) Adam has traveled to many different parts of the world.
What do personal competencies entail in a job?Personal skills, often known as interpersonal or people skills, are a category of soft skills that deal with how a person communicates and interacts with others as well as their surroundings. It can be more difficult to master personal skills. Some of them are dependability, flexibility, problem-solving, and communication.
To submit an effective job application, you must be aware of these talents and how demonstrate that you have acquired them. Interpersonal aptitude increases approachability, likeability, and comfort. Strong interpersonal communication abilities are a quality that managers strive for when leading their teams. They give employees the impression that they can approach their managers with any issues or worries, which is crucial.
3) Joseph has worked at Apple for 15 years.
4) Mary is a good leader and has a capacity for teamwork.
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The complete question is:
Create a bulleted list of four descriptive terms describing possible experience a person may have in job or business.
What is not true regarding tax forms? Multiple Choice The objective of the tax form is to provide information to federal and state tax authorities. Tax forms include: Federal and State income tax returns, Federal Payroll Forms and Federal Form 1099. When preparing tax returns, a company uses different rules from those used to prepare financial statements. When preparing tax returns, a company uses the same rules as those used to prepare financial statements.
Answer:
Explanation:
When preparing tax returns, a company uses different rules from those used to prepare financial statements.
ROI stands for return on investment. It is the ratio of incremental profit from an activity over the cost of the activity times 100. If the incremental profit from your ad campaign is $5,000 and the cost of the campaign is $7,500, what is the ROI?
Answer:
66.7%
Explanation:
ROI stands for return on investment. It is the ratio of incremental profit from an activity over the cost of the activity times 100. If the incremental profit from your ad campaign is $5,000 and the cost of the campaign is $7,500, the ROI is 66%.
What is return on investment?The return on investment estimates the loss and gain generated on the amount of money that is invested. The return on investment) is the percentage to analyze an organization’s profit or the earnings of different investment.
The return on investments estimates what we will receive back as compared to what we have invested. It can be used by a company to estimate inventory investments, pricing policy, capital equipment investments, etc.
If the incremental profit from your ad campaign is $5,000 and the cost of the campaign is $7,500, the ROI is 66%.
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A college graduate has a Job with a monthly gross pay of 4000. He takes home less than 4000 because
A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than gross pay.
What do you mean by gross pay?Gross pay refers to the amount received by the employee without any tax deductions.
A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than the gross pay.
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Describe the complexity of the European Financial
System (e.g., different cultures, different domestic financial
systems, etc.).
The European Financial System is complex due to the diversity of cultures and domestic financial systems across the continent.
Each country has its own unique financial ecosystem, with different regulations, institutions, and market structures. For example, Germany has a strong tradition of small and medium-sized businesses with diverse sources of financing, whereas France has a more centralized banking system with a concentration of large banks.
In addition, the European Union has provided a framework for financial integration, but this has not eliminated the differences between national financial systems. This can create challenges for cross-border transactions and for companies operating in multiple countries.
Cultural differences can also play a role in shaping financial behavior and attitudes towards risk. Northern European countries tend to be more conservative with their investments, while Southern European countries may be more willing to take risks.
The European Financial System has been further complicated by the recent financial crises and regulatory changes, including the implementation of the Euro and the Basel III framework. Overall, the European Financial System remains complex and dynamic, requiring a deep understanding of cultural, institutional, and regulatory differences to navigate successfully.
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You see Paul dealing with Susan, an upset employee from another department. Susan is complaining about something that your department was supposed to do but didn't. You are in a back room and have not been seen by Susan. Paul is obviously frustrated and unable to deal with Susan effectively. You should:
a. Walk up to the pair and attempt to change the conversation.
b. Introduce yourself to Susan and offer your assistance.
c. Ask your supervisor to offer some interpersonal skills training to Paul.
d. Tell Paul that Susan is needed by the supervisor to end the situation.
Which of the following is most likely to be a benefit of storing the information from each calling session in a database? The company can analyze the calling session data and thereby make better business decisions. The company can analyze the calling session data and thereby make better business decisions. A The company can ensure that customer information is protected from misuse. The company can ensure that customer information is protected from misuse. B The company can reduce the costs associated with data storage. The company can reduce the costs associated with data storage. C The company can reduce its need for data compression.
Answer:
The company can analyze the calling session data and thereby make better business decisions.
Explanation:
Feedback from the customer and a view of how the customer pictures a company is a very important tool used to change future decisions a business makes.
This will influence decisions that will make the company more competitive and satisfy it's customers.
In the given instance a benefit of storing the information from each calling session in a database is that information gleaned from such calls will guide management in making customer friendly policies in the future.
annual dividends of atta corporate grew from $0.96 in 2005 to $1.26 in 2017. what was the annual growth rate?
If the annual dividends of Atta Corporate grew from $0.96 in 2005 to $1.26 in 2017, the annual growth rate was 3.46%.
Given that the annual dividends of Atta Corporation grew from $0.96 in 2005 to $1.26 in 2017, we need to find the annual growth rate. There are various methods to calculate the annual growth rate, but one of the easiest is the CAGR method.
CAGR stands for Compound Annual Growth Rate, and it is a measure of the average annual growth rate of an investment or a company over a specific period of time. To calculate CAGR, we need the starting value, the ending value, and the number of years in between the starting and ending values.
CAGR is calculated using the following formula:
CAGR = (Ending value/Beginning value)^(1/Number of years) - 1
Here, the beginning value is the dividend per share in 2005, which is $0.96.
The ending value is the dividend per share in 2017, which is $1.26. And the number of years is 12 (from 2005 to 2017). Putting these values into the formula, we get:
CAGR = ($1.26/$0.96)^(1/12) - 1
Simplifying the expression, we get:
CAGR = 0.0346
Therefore, the annual growth rate of Atta Corporation's dividends was approximately 3.46%.
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Your family owns a small construction company, CopperBuild, that builds custom homes for an upscale architectural firm. Your two cousins recently joined the family business, and CopperBuild has decided to expand into the commercial building market. Your uncle and cousins are preparing a proposal bid for a small shopping center on the west side of town. What should you remind your cousins about as they prepare the proposal bid
Answer:
proposals are sales presentations, so make sure to detail your expertise and accomplishments
Explanation:
Based on the information provided within the question it can be said that the best advice or reminder would be to remember that proposals are sales presentations, so make sure to detail your expertise and accomplishments. Just as any other sales presentation you need to demonstrate that you know what you are selling so that the client garners faith that you can provide the services that you are selling and are not just telling them what they want to hear in order to make a sale.
a business's source documents may include all of the following except: a) sales tickets. b) ledgers. c) checks. d) purchase orders. e) bank statements.
Ledgers are not source documents, but rather a summary of transactions that have already been recorded. The answer is b) ledgers.
Ledgers are used to keep track of accounts and balances after transactions have been recorded in the business's accounting system.
On the other hand, source documents are the original documents that provide evidence of a transaction, such as sales tickets, checks, purchase orders, and bank statements. They are used as the basis for recording transactions in the accounting system.
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Four year universities are the only type of school worth attending. True False
Answer:
false
Explanation:
Answer:
false
Explanation:
there are a number of other reliable schooling options
Which of the following is not a way to finance your new business.
A. loans from family/friends
B.your own money
C.loan from a bank
D.sweat equity
Answer:
sweat equity
Explanation:
Hope this helps! Can I have the crown thingy
each point on a ________ curve shows the willingness of consumers to purchase a product at different prices.
Answer:
demand is the word.
Explanation:
Each point on a demand curve shows: The willingness of consumers to purchase a product at different prices. The consumer surplus received from purchasing a given quantity of a product The economics surplus received from purchasing a given quantity of a product The legally determined maximum price that sellers may charge for a given quantity of product.
What Does Professionalism Mean to You?
true or false? ignoring market and internal forces can most certainly lead to organizational death.
The given statement "ignoring market and internal forces can most certainly lead to organizational death." is true because every organization operates in a dynamic environment where market and internal forces play a crucial role in determining the success or failure of the organization.
Market forces include competition, customer demand, economic conditions, and technological advancements. Internal forces refer to the organization's internal operations, such as management, organizational culture, and workforce.
Failing to keep an eye on these forces and ignoring them can be detrimental to the organization's survival. For example, if a company fails to keep up with technological advancements and customer demands, it may lose its market share to competitors. Similarly, ignoring internal issues such as toxic work culture or ineffective management can lead to employee disengagement and reduced productivity.
Therefore, organizations need to be proactive in identifying and adapting to market and internal forces to remain relevant and successful. This involves conducting market research, regularly reviewing internal processes, and making necessary changes to stay competitive. In conclusion, ignoring market and internal forces can most certainly lead to organizational death, and it is imperative for organizations to pay close attention to these forces to ensure their longevity.
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ABC Corporation, has an issue of preferred stock outstanding that pays a $2.50 dividend every year in perpetuity. This stock issue currently sells for $75 per share. What is the required return for this preferred stock?
Answer:
the required return on the preferred stock is 3.33%
Explanation:
The computation of the required return on the preferred stock is shown below:
= Dividend ÷ Selling price per share
= $2.50 ÷ $75
= 3.33%
Hence, the required return on the preferred stock is 3.33%
We simply applied the above formula
Consider the following three scenarios:I. ABC Lawncare performed lawn maintenance services for Drake Inc. on June 1st, and received payment of $500 for those services.II. On June 1st, Melly Corp received payment for 100 pounds of raw material to be delivered to Drake Inc. in 6 months.III. Lodo, LLC collected cash on June 1st for services rendered on May 1st.Given these scenarios, revenue cannot be recognized on June 1st for:
Answer:
Scenario IIScenario IIIExplanation:
The Accrual basis is used in Accounting which means that when it comes to revenue, it can only be recognized in the period that it is earned.
Scenario II cannot be recognized on June 1st because it is for goods to be delivered in 6 months. As the goods have not been delivered, the revenue has not be earned so will not be recognized.
Scenario III cannot be recognized on June 1st as well because it was for work done in May which means that it was earned in May. It is to be recognized as revenue earned in May, not in June.
Which media outlet is a good choice for grocery and fast food advertisements because many consumers decide what to buy while enroute to the store
Answer: Radio
Explanation:
Who owns mutual savings institutions? the stockbrokers who buy and sell shares the individuals who deposit money in the institution the US government the FDIC
Mutual savings banks are owned by their depositorrs and run by and a self-perpetuating board of directors similary to federal savings and loan associations.
a consumer spends his income between pizza and beer. the intercept of the budget line on the pizza axis is 1030, the intercept of the budget line on the beer axis is 545 and the price beer is 27. what is the consumer's income?
The intercept of the budget line on the pizza axis is 1030 and the intercept of the budget line on the beer axis is 545. The price of beer is 27. We are required to determine the consumer's income. The formula for the budget line is given asPp × Qp + Pb × Qb = I.
Where Pp is the price of pizza, Qp is the quantity of pizza consumed, Pb is the price of beer, Qb is the quantity of beer consumed, and I is the consumer's income. We can rewrite this formula as
Qp = (I / Pp) - (Pb / Pp) × Qb Using the information provided in the problem, we can calculate the slope of the budget line as:
Pb / Pp = 27 / 1030 = 0.0262Now we can substitute the slope and the intercept of the budget line on the beer axis to calculate the quantity of beer consumed at the intercept of the budget line on the pizza axis:
Qb = (545 / 27) - (0.0262 × 1030 / 27) ≈ 20.45
Now we can substitute the price of pizza and the quantity of beer consumed at the intercept of the budget line on the pizza axis to calculate the quantity of pizza consumed at the same point:
Pp × Qp + Pb × Qb = IPp × Qp + 27 × 20.45 = I1030 = I - 27 × 20.45I ≈ 2077.15
Therefore, the consumer's income is approximately 2077.15.
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An example of a monopolistically competitive industry is
A. phone service.
B. the restaurant industry.
C. wheat farming.
D. the automobile industry.
An example of a monopolistically competitive industry is option B. the restaurant industry.
The restaurant industry is an example of a monopolistically competitive industry because:
1. There are many sellers, each offering a slightly different product (e.g., different types of cuisine, ambiance, pricing, etc.).
2. Firms in this industry have some control over price due to product differentiation.
3. There is free entry and exit in the market, meaning new restaurants can open and existing ones can close without significant barriers.
In contrast, A (phone service), C (wheat farming), and D (the automobile industry) do not fit the criteria for monopolistic competition as they either have fewer firms, more homogeneous products, or higher barriers to entry.
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Holding large amounts of bank capital helps prevent bank failures because.
Capital has a crucial role in reducing the likelihood of bank collapses. When financial and economic turbulence lowers the value of assets on a bank's balance sheet, capital serves as a safety net.
A bank enters into insolvency when the value of its assets falls below the value of its obligations. Banks assume risks and could experience losses if the dangers come to pass. Banks must have the capacity to take on such losses and continue operating during good times and bad in order to be secure and protect depositors' money.
That is the purpose of bank capital. Since the beginning of the New Deal in 1933, the Federal Deposit Insurance Corporation, or FDIC, has guaranteed deposits at American banks up to a certain amount.
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Discuss any three (3) macro factors that would impact the expansion of Coca Cola into Africa. Application to Coca - Cola must be evident
Expanding Coca-Cola into Africa would be influenced by several macro factors. Three key factors are economic growth, cultural diversity, and infrastructure development.
1. Economic Growth: Coca-Cola's expansion into Africa would depend on the economic growth of the region. The company would assess the GDP growth rate, disposable income levels, and market potential in each country. Higher economic growth would indicate a larger consumer base and better purchasing power, making it more attractive for Coca-Cola to expand.
2. Cultural Diversity: Africa is a culturally diverse continent, with numerous languages, customs, and traditions. Coca-Cola would need to consider these cultural factors to adapt its marketing strategies. By understanding the local preferences, Coca-Cola can tailor its products, packaging, and advertising campaigns to resonate with African consumers, thus increasing its chances of success.
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