How an Economy Grows and Why It Crashes by Peter Schiff summary?

C) An S corporation has all of the advantages of a corporation in terms of organization, but its income is only subject to one tax.

A major advantage of an S corporation is that, regardless of its tax status, it protects owners from limited liability. The owners' personal assets are protected from the claims of business creditors under limited liability protection, regardless of whether the claims stem from contracts or litigation.

An owner of an S corporation can reduce their self-employment tax liability and generate wages-paid deductions that will reduce the amount of corporate income by using a combination of dividends and salary.

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On the Income Statement, Promotion Expense would be classified as a variable cost.

What does Variable cost mean?

Variable cost is a type of cost that changes in proportion to the quantity of goods or services produced or sold. Variable costs are expenses that vary with changes in either the volume of output produced or the amount of service provided. Examples of variable costs include raw materials, wages of production workers, sales commissions, and fuel expenses.In contrast, fixed costs are costs that remain constant regardless of the volume of output produced and service provided. Examples of fixed costs include rent, insurance, depreciation, and administrative salaries.

What does Fixed cost mean?

Fixed cost is a cost that does not change with an increase or decrease in the volume of goods or services produced. It refers to a cost that is the same regardless of the amount produced, such as rent, insurance, or salaries. It is also referred to as a sunk cost, as the cost has already been incurred and cannot be changed.Examples of fixed costs include rent, salaries, insurance, and interest on loans. These costs do not increase or decrease depending on the level of production.

Therfore the correct option is B. Promotion Expense.

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Depending on the state, you may be liable for any damage done to property that is located next to the street or highway if you were found to be negligent or at fault in the collision.

Collision is a term used to describe an event in which two or more objects interact with each other, resulting in a direct physical contact. Collisions can occur between two particles, two bodies, and between a particle and a body. Collisions may be elastic or inelastic, depending on the amount of energy transferred during the interaction. In an elastic collision, the kinetic energy of the two objects is conserved, while in an inelastic collision, some of the kinetic energy is converted into other forms of energy such as heat or sound. Collisions are often used in physics to explain the behavior of objects moving through a medium, such as air or a liquid. They are also used to model the interaction between atoms and molecules in chemistry and the interaction between particles in quantum mechanics.

It is important to contact your local DMV and consult with an attorney to determine your legal liability in this situation.

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1)  If you know that Diane holds the highlighted position in the organizational chart shown here, she is probably a middle manager. A job title associated with that level of management is plant manager.

2) The activities that is most likely part of a typical workday for Diane is "Teaching a new employee how to use the company’s workflow management system" (Option A)

An organizational chart, also known as an organigram, organogram, or organizational breakdown structure, is a diagram that depicts an organization's structure as well as the relationships and relative rankings of its parts and positions/jobs.

Org charts illustrate the structure of an organization and may clearly highlight seniority and lines of authority that should be followed. It can also indicate which roles are in charge of specific duties, divisions, departments, or areas. This can help to eliminate uncertainty and increase communication.

Note that Middle management is the intermediate management level of a hierarchical organization that reports to executive management and is responsible for 'team leading' and/or'specialist' line managers.

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The person is hurt by inflation if  a person paid in fixed income during an inflationary period

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A conversion claim may be based on the taking of electronic records and data is true.

The deprivation of another person's right to use or possess personal property is known as conversion. Keep in mind that the property in question is not "real property," which is typically defined as land and any improvements that are attached to it. In general, all other property is referred to as "personal property" or "chattels." Rights to creative property and artistic creations, also known as "intellectual property," are the subject of our copyright articles. Conversion is another form of interference with a person's right to property without the owner's consent and without legal justification.

Economy Bank of Ambridge v. Stevenson, 413 Pa. 442 (Pa. 1964). A conversion occurs when a person intentionally takes another person's personal property without permission or authority or deprives another person of possession of personal property. It's a tort that gives the person who was hurt the right to sue for compensation.

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In Excel, you can easily get key percentile ranks using the PERCENTILE function. This function requires two arguments: a range of data and the percentile score you want to see.

Select the data cells in your target range, click the Home tab of the Excel Ribbon, and then select Conditional Formatting→New Rule.

This opens the New Formatting Rule dialog box.

In the list box at the top of the dialog box, click the Use a Formula to Determine which Cells to Format option.

This selection evaluates values based on a formula you specify. If a particular value evaluates to TRUE, the conditional formatting is applied to that cell.

In the formula input box, enter the formula.

In this formula, you evaluate whether the data in the target cell is within the percentile. If so, the conditional formatting will be applied.

Click the Format button.

This opens the Format Cells dialog box, where you have a full set of options for formatting the font, border, and fill for your target cell. After you have completed choosing your formatting options, click the OK button to confirm your changes and return to the New Formatting Rule dialog box.

Back in the New Formatting Rule dialog box, click the OK button to confirm your formatting rule.

At this point, you should be in the Conditional Formatting Rules Manager dialog box.

Click the New Rule button.

This opens the New Formatting Rule dialog box.

In the list box at the top of the dialog box, click the Use a Formula to Determine which Cells to Format option. This selection evaluates values based on a formula you specify. If a particular value evaluates to TRUE, then the conditional formatting is applied to that cell.

In the formula input box, enter the formula.

In this formula, you’re evaluating if the data in the target cell within the target percentile. If so, the conditional formatting will be applied.

Click the Format button.

This opens the Format Cells dialog box, where you have a full set of options for formatting the font, border, and fill for your target cell. After you have completed choosing your formatting options, click the OK button to confirm your changes and return to the New Formatting Rule dialog box.

Back on the New Formatting Rule dialog box, click the OK button to confirm your formatting rule.

If you need to edit your conditional formatting rule, simply place your cursor in any of the data cells within your formatted range and then go to the home tab and select Conditional Formatting→Manage Rules. This opens the Conditional Formatting Rules Manager dialog box. Click the rule you want to edit and then click the Edit Rule button.

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scarcity is when the means to fulfill economic ends are limited, so we basically only have a certain amount of resources to fulfill our needs.

There is scarcity when there aren't enough resources to reach economic objectives since there are only so many resources we can use to satisfy our needs.

The situation during the Cold War is being discussed in light of this. When there is a shortage, there are opportunity costs since we must give something up in order to obtain something.

In essence, we are unable to multitask. We must therefore trade off alternative courses of action while choosing one. In a speech I had just given, I had made it clear that the US preferred to prevent a weapons buildup. He claims that every gun created, every battleship launched, and every rocket fired represents a steal from the people.

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A listing of all accounts in numerical order is called a Chart of accounts. Hence, option D is correct.

Chart of accounts is what gives clarity to different types of accounts in a firm's ledger. The account types which are seen in chart of accounts or shown in the firm ledger are assets, liabilities, revenue, expense, and shareholder equity.

In other words chart of account refers to the various types of accounts i.e revenue, expenditure, asset, liabilities and so on which depicts the number of accounts, the descriptions of account, nature of the account, and the categories in which they are lying.  

Also, it is a financial, organizational tool that provides an index of every account in an accounting system. This provides an insight into all the financial transactions of the company.

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Answer:

d

Explanation:

an anthropologist is someone who studies humans , their beliefs , customs and relationship

Answer: Answer A

Explanation: it's correct :3

If you want $1,000 three years from now and you earn 4 percent on your savings $ 889 do you need to deposit.

Money kept at a bank is considered to as a deposit in the financial industry. A deposit is a deal in which money is given to another individual to keep safe.

The following formula can be used to determine the principle amount:

A = P x (1 + i)n

P = A/(1+ i)n

P equals the principle amount.

A = amount paid upon maturity = $1,000 I = compound interest = 4%, or 0.04 per year n = number of periods = 3 years x 1, which is 3 periods

[Let compounding occur only once each year]

The values in the formula above lead to the following results:

P = $ 1,000/(1 + 0.04)3

= $ 1,000/(1.04)3

= $ 1,000/1.124864

= $ 888.9964 or $ 889

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You deposit $2200 in an account which pays 3% interest. So, the balance if the interest is compounded continuously will be $3450.29

Given,

Deposit = $2200

Interest = 3%

Balance if the interest is compounded continuously?

[tex]A = Pe^{xt}[/tex]

Where, x is the interest rate and where t is the related time.

A= $2200e 3/100 × 15

= $3450.2868

Hence, the balance if the interest is compounded continuously will be $3450.29

Here, the compounding is considered to be a powerful investing concept which thus tends in order to involve earning the returns on both your original investment and on the returns you received previously.

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Economic principles can be expressed as the inclinations of typical or average consumers, employees, or commercial firms.

Because of the simplification and elimination of complexity, generalisations and abstractions have practical use in the understanding of problems.

We can utilise historical data, for instance, to ascertain the connection between interest rates and customer behaviour. Because they must pay more in interest, higher interest rates cause consumers to quit borrowing. Positive economics does not involve any value judgements because it is purely factual and empirical.

The following principles apply: the principles of scarcity, cost-benefit analysis, unequal costs, comparative advantage, increasing opportunity costs, and the principle of equilibrium.

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Answer:

A. $4,650

B. $1,750

C. $2,900

Explanation:

A. Calculation to determine Terri's taxable income

TAXABLE INCOME

Earned income $3,000

Add Unearned income $5,000

Gross income & AGI $8,000

($3,000+$5,000)

Less: Standard deduction ($3,350)

(Greater of either $3,000 or $1,050 income earned +$350)

Taxable income $4,650

($8,000-$3,350)

Therefore Terri's taxable income is $4,650

b. Calculation to determine How much of Terri's income is taxed at her rate

TAXED AT TERRI'S RATE​

Taxable income $4,650

($8,000-$3,350)

Less: amount taxed at parents' rate ($2,900)

($5,000-$2,100)

Taxed at Terri's rate​ $1,750

Therefore The amount of Terri's income that is taxed at her rate is $1,750

c. Calculation to determine How much is taxed at her parent's rate

TAXED AT PARENTS' RATE:

Net unearned income=$5,000-$2,100

Net unearned income= $2,900

($5,000-$2,100)

Therefore The amount of Terri's income that is taxed at her parent's rate is $2,900

Answer:

1. Point-of-sale (POS) terminal.

2. Terminal summary.

3. Batching out.

4. Cash receipts journal.

5. Sales discount.

6. Selling price.

7. Accounts receivable ledger.

8. Sales journal.

9. Cash sale.

10. Batch report.

11. Sales tax.

12. Markup.

13. Schedule of accounts receivable.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).

Thus, it's the field of accounting that involves specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting. Some of the terminologies used in financial accounting with their description respectively include the following;

1. Point-of-sale (POS) terminal: a specialized computer used to collect, store, and report all the information about a sales transaction.

2. Terminal summary: the report that summarizes the cash and credit card sales of a point-of-sale terminal.

3. Batching out: the process of preparing a batch report from a point-of-sale terminal.

4. Cash receipts journal: a special journal used to record only cash receipt transactions.

5. Sales discount: a cash discount on a sale taken by the customer.

6. Selling price: the amount a business receives from the sale of an item of merchandise.

7. Accounts receivable ledger: a subsidiary ledger containing all accounts for charge customers.

8. Sales journal: a special journal used to record only sales of merchandise on account.

9. Cash sale: a sale in which the customer pays for the total amount of the sale at the time of the transaction.

10. Batch report: a report of credit card sales produced by a point-of-sale terminal.

11. Sales tax: a tax on a sale of merchandise or services.

12. Markup: the amount a business adds to the cost of merchandise to establish the selling price.

13. Schedule of accounts receivable: a listing of customer accounts, account balances, and total amount due from all customers.

All of the following are advantages of a company that has a dominant market share EXCEPT It has a production cost advantage due to higher production volume.

All direct and indirect expenses incurred by a company when producing a good or rendering service are referred to as production costs. labour costs, raw materials, consumable manufacturing supplies, general overhead, and other costs can all be included in production costs.

Expenses associated with producing a good or offering a service that brings in money for a business are referred to as production costs.

Labor, raw materials, consumable manufacturing supplies, general overhead, and other costs can all be included in production costs.

The sum of all direct material and labour costs as well as all production overhead costs can be used to calculate the overall cost of the product.

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Answer:

Here are five key skills that an administrator in an automobile dealership would need:

Communication/interpersonal skills: Administrators would have to work with clients that come in for test drives. Having good interpersonal skills would help them respond to customers’ queries more effectively. A friendly and outgoing personality would make them more approachable for the customers. An ability to speak and understand multiple languages would help an administrator deal with customers who are not fluent in English. An administrator must be able to communicate effectively, both verbally and through nonverbal cues.

Organizational skills: Administrators need to be well organized in their work involving customers. They would be required to schedule and organize test drives, arrange meetings, keep a record of customers’ documents, handle car insurance matters, and provide other assistance to customers.

Prioritize: Administrators would have to handle several tasks (described earlier), so they should be able to prioritize and schedule tasks effectively.

Manage: An administrator would have to manage the daily operations, such as ensuring that customers submit authentic documents, making appointments, and scheduling test drives. The administrator is also responsible for managing employee behavior, safety, and compliance with the company’s policies.

Reasoning and mathematical skills: An administrator would need to have above-average mathematical skills in order to maintain the company’s accounts dealing with sales and servicing. The person would need logical reasoning skills to facilitate decision making and process management.

Explanation:

PLATO

The given statement is false.

An organization classified as a not-for-profit (NFPO) does not generate profits for its owners. Any revenue generated by engaging in business ventures or receiving donations is immediately reinvested in the operation of the organization.

Non-profit groups concentrate on more extensive and coordinated social, political, environmental, or economic activities. The establishment of the groups may also be done to advance religious, cultural, or educational goals.

Both American Red Cross and UNICEF are two examples of these groups. The goal of nonprofit organizations is to raise as much money as possible for the causes that support them. Since not-for-profit organizations do not operate with the intention of making money, all gains must be reinvested in the business.

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debit $12,000 for Uncollectible Accounts Expense and credit $12,000 for Allowance for Doubtful Accounts.

Every one of the following transactions would be found in which financial statement—the net income, income statement, or statement of shareholders' equity?

The income statement will include items related to revenue and expenses. The balance sheet is populated with accounts for assets, liabilities, and stockholders' equity.

One of the two accounting techniques is the accrual basis of accounting, the other becoming the monetary basis of accounting. The procedure of documenting transactions is a little bit more difficult when using the accrual foundation of accounting. Its foundation is the idea that transactions are documented digitally and when they occur.

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The law of demand states that the Demand declines when price rises and decreases in quantity demanded (but demand itself stays the same). Quantity requested rises when the price declines. 

The law of demand states that, all other things being equal, demand for a commodity changes inversely to its price. In other words, the level of demand decreases as price increases.

Because consumers' spending power is constrained due to their restricted resources, demand for a given good or service declines as prices rise. In contrast, as the product becomes more affordable, demand increases. Demand curves consequently slant down from left to right.

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Answer:

Good luck next year. Before i go i want to give a huge thank u to, brainly, quizlet, mathaway and more because without u all i wouldn't be able to pass. THANK U!!!

The effect of a plant closing on employee morale is an example of  a qualitative factor.

What is Qualitative factor?

Qualitative factor are non-numerical characteristics that are associated with a particular product, service, or situation. Qualitative factors are often used to assess the overall quality of a good or service, or to gain insight into customer preferences. Examples of qualitative factors include customer service, reputation, brand recognition, and overall customer satisfaction.Qualitative factors can be difficult to measure, as they are subjective and often based on personal opinion. However, they are valuable in helping businesses understand the overall customer experience, as well as how customers perceive their product or service.

What does Customer Service mean?

Customer service is the provision of services to customers prior to, during, and after they make a purchase. It can include tasks like answering customer questions, providing technical support, handling complaints, providing product information, and assisting customers with purchasing decisions. Good customer service is critical for business success because it contributes to a positive customer experience, builds customer loyalty, and increases customer satisfaction.

Therfore the correct option is C. A qualitative factor.

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It must gain 20 in order to return to its initial value, which is 20*100/80 or a 25% rise.

Only the stock price of a company can tell you what it is currently worth or what it is worth in the market. As a result, the price represents the stock's market worth or the agreement between a buyer and a seller on a price.The price of the stock will rise if there are more buyers than sellers. The cost will decrease if there are more sellers than customers.

Once a firm goes public and its shares start trading on a stock exchange, the price of its shares is determined by market supply and demand. If there is high demand for its shares, the price will increase.

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Answer: The correct answer is C.

Explanation: Choosing a business degree will give you a good understanding of basic economic principles, how markets are affected by world events, and how to assess a firms' financial health. Combined, this can help you make better-informed investment decisions and ultimately, how to achieve a higher ROI.

The term "sales allowance" refers to the credit given to a customer for a portion of the sales price of goods that aren't returned, lowering the merchandising company's accounts receivable as a result.

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Answer: I’m ready

Explanation:

If a firm has a total cost of $200, its profit-maximizing level of output is 10 units, and it is breaking even, the market price is TC= 200 dollars Q=10 units P= TC/Q= 200 dollars / 10 units = 20 dollars Market price is 20 dollars.

A business, abbreviated as co., is a legal body that represents a group of persons, whether natural, legal, or a combination of the two, with a common goal. Members of a company work together to attain certain, stated goals.

A business can be formed as a legal person so that the firm's liability is restricted when members perform or fail to execute their duties in accordance with the publicly proclaimed incorporation or published policy. When a business shuts, it may be necessary to liquidate it in order to avoid ongoing legal liabilities.

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General partnership and Sole proprietorship both business organizations do not protect owners' personal assets from losses incurred by the business.

What are business organizations?

A business organisation is an entity created with the intention of conducting a purchasing and selling business. These organisations are founded on the legal systems that control contracts, exchanges of goods and services, ownership rights, and incorporation. Managing and planning different activities is a concern of the business organisation system. In order to produce goods and services, resources like labour, equipment, capital, and funds must be accumulated and coordinated. The successful business works to manage and regulate all of these production factors.

Whether a corporation is set up as a C or S corporation, its owners have limited liability, which protects their personal assets from losses caused by the businesses. Owners of general partnerships and sole proprietorships are personally liable for the company's losses.

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The two employees of WTI are paid weekly, but due to the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.

Employees are individuals who work for an employer in exchange for wages, benefits, and other forms of compensation. Employees can be either full-time or part-time, and may include individuals who are paid hourly or salaried. Employees are responsible for carrying out the duties and tasks of their job, and are also expected to adhere to the policies and procedures of the company. Employers are responsible for providing employees with a safe and healthy work environment, as well as offering fair wages and other benefits such as health insurance and retirement plans. Employees are also entitled to certain rights and protections under the law, such as protection from discrimination and harassment.

This means that the two employees will receive an additional $200 each in their next paycheck, which covers the two days' worth of wages that have accrued since the end of the year.

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The three most important types of insurance are: term life insurance, whole life insurance, and universal life insurance.

There are several types of life insurances, but among them, there are three most important types.

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