The net income for Local Co. is approximately $1,277,500.
To calculate the net income, we start with the sales revenue and deduct various expenses.
Gross profit is calculated by subtracting the cost of sales ($6.2 million) from the sales revenue ($10.5 million):
Gross profit = $10.5 million - $6.2 million = $4.3 million
Operating profit is derived by subtracting selling, general and administrative expenses ($480,000) and research and development ($1.5 million) from the gross profit:
Operating profit = $4.3 million - $480,000 - $1.5 million = $2.32 million
Earnings before interest and taxes (EBIT) is obtained by deducting the annual depreciation charges ($1.4 million) from the operating profit:
EBIT = $2.32 million - $1.4 million = $920,000
Finally, net income is calculated by applying the tax rate of 35% to the EBIT:
Net income = $920,000 * (1 - 0.35) = $598,000
Therefore, the net income for Local Co. is approximately $1,277,500.
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If Doria needs a short-term loan, what type of loan would you recommend she seek and from what type of financial institution? Justify your recommendation.
Explanation:
Short term loans are loans which are normally needed in order to take care of an emergency.
Doria can get short term loans from banks. To get this she has to be an already existing member of this bank.
She can also get from credit unions. Their rate of interest is usually smaller than the banks own and to access a loan she has to be an already existing customer of the union.
Also there are payday loans that she can lend from and pay back on her next pay day.
I would recommend borrowing from the credit union and the reason is simple, the interest rate is lower. So what she would be paying back in addition to her loan amount is going to be low.
Juan earns a gross pay of $44,500. His employee benefits are 18% of his gross pay. What is the value of his benefits?
Answer: I think its $8,100
Explanation:
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seasonal inventory allows a firm to maintain a smooth production flow throughout the year. group of answer choices true false
The statement, "Seasonal inventory allows a firm to maintain a smooth production flow throughout the year" is True.
What is seasonal inventory?Seasonal inventory can be defined as the practice of storing items, such as consumer products, materials, or commodities when they are in high demand and then selling them off when demand decreases.
It is an inventory management technique used by businesses to ensure they have enough stock to meet demand during peak periods and avoid overstocking during low periods.
What is production flow?Production flow is the process of taking a raw material and transforming it into a final product. It involves a series of sequential steps and activities that lead to the manufacture of a finished product. It includes all the stages of production, from the procurement of raw materials to the delivery of finished goods to the customer.
Seasonal inventory allows a business to keep its production flow consistent throughout the year by ensuring that enough raw materials are available to meet demand during peak periods. It also prevents overstocking during low periods, ensuring that the business maintains its profitability.
As a result, seasonal inventory management can help companies maintain a more efficient and cost-effective production process.
Hence, The statement, "Seasonal inventory allows a firm to maintain a smooth production flow throughout the year" is True.
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What is the term used for an agreement between the borrower and a permanent lender relative to future delivery of a takeout loan upon completion of construction?
Take out commitment is the term used for an is the term used for an agreement between the borrower and a permanent lender relative to future delivery of a takeout loan upon completion of construction.
A takeout mortgage is a method of financing agreement wherein a mortgage this is procured later is used to replace the preliminary mortgage. extra particularly, a takeout loan, or takeout financing, is lengthy-term financing that the lender guarantees to offer at a selected date or when particular criteria for final touch of a assignment are met.
A ahead takeout dedication is just a very highly-priced letter that promises to deliver a takeout mortgage inside the destiny if the property is constructed in line with plans and specifications and leased on the target condo price.
Take-out dedication is a written guaranty by means of a lender to provide everlasting financing to replace a short term loan at a unique future date if the mission has reached a certain level. A take-out commitment is quite commonplace in commercial real property improvement.
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T/F t-notes and t-bonds are issued in minimum denominations of $100, or multiples of $100.
t-notes and t-bonds are issued in mini-mum denominations of $100, or multi-ples of $100. The given statement is True.
Trea-sury bonds, called T-bonds for short, are often refer-red to as long bonds beca-use they take the longest to ma-ture of the government-iss-ued securities. Treasury bonds are offered to invest-ors in terms of 20 and 30 years to maturity.
The federal govern-ment offers fixed-income securities to con-sumers and investors to fund its ope-rations, including Treasury bonds, Treasury notes, and Treasury bills.
Treasury notes are simi-lar to Treasury bonds but have short-er terms, including two, three, five, seven, and ten ye-ars. Like T-bonds, Trea-sury notes are back-ed by the U.S. govern-ment.
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how much money invested at 5 ompounded continuously for 3 years will result in $820?
wat is the definition of economics
Cheya asks her college roommate how much money she would give her for a scientific graphing calculator that she no longer needs. The roommate replies, Id probably give you around $50.00 for it. Has Chevy made a legal offer?
No, Chevy has not made a legal offer because she is just determining how much the calculator is actually worth.
What is an Offer in contract?In a contract, an offer refers to a proposal made by a party to buy or sell something which becomes legally binding eventually accepted by the other party.
In this case, there are just determining the price of the calculator, no offer and acceptance exist yet.
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The term _____ _____ is used when component unit financial information is reported in one or more columns to the right of the columns presenting the financial information of the primary government or in one or more rows below the rows presenting the financial information of the primary government.
The term "column or row presentation" is used when component unit financial information is reported in one or more columns to the right of the columns presenting the financial information of the primary government or in one or more rows below the rows presenting the financial information of the primary government.
With this presentation, the primary government can include information about its constituent parts on the same financial statement as the financial data for the primary government.
With this format, the reader of the financial statement can quickly and easily compare the primary government's financial data to that of its constituent parts.
Additionally, column (or row) presentation enables the reader to quickly evaluate the primary government's and its constituent units' overall financial situation.
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the estimated use the company expects to obtain from an asset before disposing of it is referred to as the
The estimated use the company expects to obtain from an asset before disposing of it is referred to as the useful life.
The useful life of an asset is an accounting estimate used to estimate the number of years an asset is likely to be used for revenue generation in a cost effective manner for the benefit of the company. Useful life is used in the calculation of the deprecation expense of an asset.
Determinants of the useful life of an asset
Frequency with which the asset is used. The more an asset is used, the lower its useful life. The age of the machine when it was purchased. The quality of maintenance of the asset.A similar question was answered here: https://brainly.com/question/17267874
Conduct research on cases and issues in global trade. What types of businesses are best suited for doing business online?
Why? What type of issues might an online business deal with in the global market?
Operating a business online entails dealing with technical obstacles, security concerns, and consumer distrust.
Research based problem:While you can avoid or at least mitigate these difficulties, it's critical for company owners to keep an eye on prospective concerns in order to avoid big calamities.
Because the main providers they provide are information-based, professional service based firms are well-suited for the Internet.
Because the provision of these services necessitates the provider's physical presence, a household chores or lawn maintenance service company is not well suited for the Internet.
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if ford mustang costs $30,000 in the us and 40,000 pounds in the uk and the current exchange rate between pound and dollar is $1.2 per pound, then according to ppp pound is ______ and should ________.
Based on the information given, it can be deduced that according to ppp, pound is overvalued and should depreciate.
Purchasing power parity (PPP) simply means the idea that goods in a country will be the same cost in another country once their exchange rate is applied.
From the information given, since Ford Mustang costs $30,000 in the us and 40,000 pounds in the uk and the current exchange rate between pound and dollar is $1.2 per pound, then, pound is overvalued and should depreciate.
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ideas of new ways to use the products. which of the 7cs of online marketing does this demonstrate?
Customization refers to tailoring products or services to meet the specific needs or preferences of individual customers.
The idea of coming up with new ways to use products is an example of customization in the 7Cs of online marketing. Customization refers to tailoring products or services to meet the specific needs or preferences of individual customers. When a business comes up with new ways to use its products, it demonstrates its commitment to providing personalized solutions and value to its customers. By doing so, the business can build customer loyalty and improve the overall customer experience. Effective online marketing requires businesses to consider the individual needs and preferences of their customers and to adapt their products and services accordingly.
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A FEATURE FILM PROMOTING ENTREPRENEURSHIP SOLD ALMOST HALF OF THE TOTAL TICKETS. TICKETS WERE PRICED AT PHP 75 FOR STUDENTS. IF THE AMOUNT COLLECTED FROM THE TICKETS WAS PHP 11,250,HOW MANY TICKETS OF STUDENTS WERE SOLD?
Answer:
150 tickets
Explanation:
Writing out needed parameters :
Price per student ticket (price of one student ticket) = PHP 75
The total revenue made from ticket sales ; (Total amount earned from the sale of student tickets) = PHP 11,250
The number of student tickets sold will be:
Total amout earned from sale / cost per ticket
PHP 11250 / PHP 75
= 150 tickets
Can I earn by brainly?
Answer:
huh?
Explanation:
If the price of a pencil is $1.00 and the price of a pen is $2.00, what is the relative price? If the pencil
is $1.50 and the pen is $3.002 If the pencil is $2.00 and the pen is $3.00?
If the price of a pencil is $1.00 and the price of a pen is $2.00. 3 dollars will be the relative price.
$1 + $2 = $3
A price relative is the ratio of the charge of a selected product in a single period to the rate of the identical product in a few different period. In buying power parity (PPP) comparisons a rate relative refers to the ratios of the equal product in two international locations.
The nominal price of a great is its value in phrases of cash, including bucks, French francs, or yen. The relative or actual rate is its fee in terms of some other suitable, carrier, or package of goods.
Relative-price movements convey critical facts approximately the scarcity of specific items and offerings. A growing relative charge suggests that call for is outstripping deliver (or that supply is falling at the back of call for), while a falling relative price denotes just the other.
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Because attempting to define a particular market can be difficult and controversial the Federal Trade Commission has begun to look less at market share and more at the data on actual ______________________________. competition in the overall economy selective anti-competitive industry practices competition between businesses market definition
Answer:
competition between businesses
Explanation:
The Federal Trade Commission can be regarded as independent agency that is been set up by United States government to enforce antitrust law as well as carry out of the promotion of consumer protection. Since to define a market can seems difficult, they tends to use competition between businesses when carrying out their operation. Business competition can be regarded as a process whereby different companies as well as individuals compete in the same industry, this could be in the type of product and services been offered, with compitition, the consumers can have different options when seeking for product not services to consume.
seller will not sell to buyers that do not meet their requirements.
Answer:
They will not sell. lets say u sell somthing for $300 and i wasnt to give u $150 u wouldent buy it
Explanation:
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often the most difficult part of computing accurate unit costs is determining the proper amount of _________ to assign to each product, service, or job.
a structural engineer hired by a military base discovers upon inspection that her employer is using low-quality steel and skimping on bolts and fasteners in many construction projects, which goes against the building designs she approved. she reports this to the concerned government regulatory agency. this is an example of
She reports this to the concerned government regulatory agency. this is an example of whistleblowing.
What is whistleblowing?A whistleblower is someone who comes out and divulges their knowledge of any wrongdoing they believe is taking place either throughout the entire organisation or in a particular department. A whistleblower is somebody who reports any illegal activity, whether they be an employee, contractor, or supplier.According to Mueller, during the early 20th century, the terms "to blow the whistle" and "whistleblower" referred to either persons who were really blowing whistles or those who were trying to halt unlawful or immoral activities by raising a stink.Whistleblowing comes in two flavours. Internal whistleblowing is the first. This indicates that the whistleblower informs another employee of malfeasance. Whistleblowing on the outside is the second kind.To learn more about whistleblowing refer to:
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what is an important difference between words in human language and calls in the alarm call system of vervets?
The most significant difference between words in human language and alarm cries is that vervet monkey alarm sounds (Chlorocebus pygerythrus) are the standard textbook example of semantic communication in non-human animals. Vervet monkeys give various predators sonically separate alarm calls.
Conspecifics respond appropriately to these calls. However, they can make calls that sound similar while being aggressive. Despite the crucial role that vervet alarm cries have played in helping us understand the development of communication, there hasn't been a thorough, quantitative investigation of their acoustic makeup. We identified objective call categories using two-step cluster analysis, and we evaluated context specificity using discriminant function analysis.
While alarm calls made in response to leopards, eagles, and snakes could be easily distinguished, calls made in aggressive situations were also included, and this resulted in some overlap, particularly between female calls made in response to snakes, eagles, and during aggression, as well as between male vervet barks (also recorded in South Africa) in both leopard and aggressive situations. Vervet alarm calls have semantic characteristics that are very different from human words, but the present sonic variety, perhaps in conjunction with extra contextual information, enables listeners to choose the appropriate replies.
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What is the elasticity of an upward sloping demand curve?
The elasticity of a product is less in an upward-sloping demand curve.
The slope of a product's demand curve is affected by elasticity. An upward slope indicates a steeper demand curve and a less elastic product. Out of curves with different slopes, the one which has a flatter demand curve indicates a greater quantity demanded a response to a change in price, which makes it more elastic. Inelastic products are those which have low price elasticity.
Generally, non-staple products have high price elasticity. An important factor that affects demand elasticity is the availability of substitute goods that are close to the product being considered.
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which of the following would the world bank be most likely to agree to fund?
The World Bank is most likely to agree to fund projects that promote economic development, poverty reduction, and sustainable growth.
What does this entail?Specifically, the World Bank prioritizes projects that target critical areas such as health, education, infrastructure, and environmental sustainability.
For instance, the bank may fund projects that improve access to clean water, sanitation, and healthcare services in underdeveloped regions.
Similarly, it may also support initiatives that promote education and job training programs to equip citizens with the necessary skills to secure employment and improve their livelihoods.
In conclusion, the World Bank's primary objective is to support initiatives that have a positive impact on people's lives and contribute to the overall development of nations.
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Under the ______ system, private businesses paid an annual fee for control of the inmates.a. Pennsylvaniab. Auburnc. convict leasingd. contract
Under the ______ system, private businesses paid an annual fee for control of the inmates (d) contract
Under the convict leasing system, private businesses paid an annual fee for control of the inmates. This practice emerged in the United States in the late 19th century as a way to address the growing need for cheap labor, particularly in the southern states. It allowed private companies to lease prisoners from state prisons or county jails to work on their plantations, mines, or factories.
Convict leasing was a highly controversial system that had severe implications for the incarcerated individuals involved. In exchange for the labor of prisoners, the businesses paid a fee to the state, which was intended to cover the costs of incarceration. However, these fees often fell short of providing adequate resources for the prisoners' well-being, resulting in harsh and inhumane conditions.
The conditions under which inmates worked were often dangerous, with little regard for their safety or welfare. In many cases, prisoners were subject to physical abuse and exploitation by the businesses that leased them. The labor performed by the inmates was typically grueling and performed under strict supervision.
The convict leasing system was particularly prevalent in the southern states, where the legacy of slavery and the need for cheap labor persisted after the Civil War. The system primarily targeted African Americans, who were disproportionately incarcerated and leased out for labor. This system effectively perpetuated the exploitative labor practices that had characterized slavery.
The convict leasing system began to decline in the early 20th century as public awareness grew about the abuses and injustices associated with it. However, its impact on the lives of prisoners and the broader implications for labor practices and racial inequality continue to be felt to this day.
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What is the difference between a routine and a major decision
Answer: routine decision- the type made every day without much though
planned decision- use more time and energy to make the best choice
Explanation: i really hoped it helped.
All of the following actions lead to the payment of a credit card fee EXCEPT... a) Using your credit card to get cash from an ATM. b) Using your credit card to purchase items in a foreign country. c) Paying your credit card bill ten days after the Due Date. d) Paying your credit card bill in full and on time every month.
Answer:
d) Paying your credit card bill in full and on time every month
Explanation:
Credit cards are a convenient manner to pay for shopping and other expenses. However, they have numerous interest charges that may add to huge amounts if one is not careful.
Credit card charges interest on bill paid after their due date. Paying the entire credit card bill at the end of every month is one way of avoiding penalties.
Using a credit card to withdraw cash attracts charges, the same as making foreign transactions.
Answer:
d) Paying your credit card bill in full and on time every month
Explanation:
what is a customer retention?
Answer:
Customer retention refers to a company's ability to turn customers into repeat buyers and prevent them from switching to a competitor. As a performance metric, it indicates whether your product and the quality of your service please your existing customers.
Explanation:
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What is grant allocation received pursuant to the California Venues grant Program?
The grant allocation received pursuant to the California Venues grant Program is more than $111.5 million.
What grant allocation to the California Venues?
The California Venues Grant Program (the "Program") will assist qualifying independent live events venues affected by COVID-19 in continuing to operate. The first phase of the California Venues Grant Program awarded almost 830 qualifying independent live events venues more than $111.5 million in the autumn of 2021, including more than 150 women-owned companies and 587 small businesses in low-income communities. Grant Allocation Assessment refers to a yearly assessment calculated on the outstanding balance of the Loan. It is calculated in the same manner as the interest charged on the Loan and is included in the Semiannual Loan Payment.
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The Free enterprise system is:
A: Supply & Demand
B: Designed to protect consumers' best interests
C. Requires both sides of the story
D. Free of competition
Answer:
Free enterprise is the freedom of individuals and businesses to regulation. It enables individuals and businesses to create, produce, are able and willing, enterprising people produce goods and services for produce and sell goods and services. In this system, no one forces people they believe to be best for them.
How contemporary management theories are being applied in
"public administration". [25 marks]
shall upvote for in depth and clear answer
Contemporary management theories are being applied in public administration to improve organizational efficiency and effectiveness. Here's how:
1. Scientific Management: This theory focuses on optimizing workflow and minimizing wastage. Public administrators apply this by analyzing processes, identifying inefficiencies, and implementing standardized procedures.
2. Administrative Management: This theory emphasizes the importance of coordination and planning. Public administrators use this approach to establish clear goals, assign tasks, and coordinate activities within their departments.
3. Bureaucratic Theory: This theory emphasizes a hierarchical structure with clear rules and regulations. Public administrators apply this by establishing formal procedures, ensuring adherence to regulations, and promoting accountability.
4. Human Relations Theory: This theory recognizes the importance of employee satisfaction and motivation. Public administrators apply this by fostering positive work environments, providing training and development opportunities, and promoting employee engagement.
5. Contingency Theory: This theory suggests that management approaches should be tailored to specific situations. Public administrators apply this by adapting their strategies to the unique needs of public organizations, considering factors like culture, resources, and external influences.
By applying these contemporary management theories, public administrators can enhance decision-making processes, streamline operations, and achieve organizational goals more effectively. This leads to improved public services and increased citizen satisfaction.
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