Sal, a calendar-year taxpayer, uses the cash-basis method of accounting for his sole proprietorship. In late December, he performed $40,000 of consulting services for a client. Sal typically requires his clients to pay his bills immediately upon receipt. Assume that Sal's marginal tax rate is 32 percent this year and 37 percent next year and that he can earn an after-tax rate of return of 12 percent on his investments. Should Sal send his client the bill in December or January

Answers

Answer 1

Sal should send the bill in January.

By delaying the recognition of income until next year, Sal can defer the payment of income taxes on that income until next year when his marginal tax rate is 37 percent. Meanwhile, he can invest the $40,000 and earn an after-tax rate of return of 12 percent. By the time he pays taxes on the deferred income in the next year, he will have earned enough from his investments to offset the increased tax liability.

Additionally, he will have used the cash for an extra month to generate additional after-tax investment income. However, it's worth noting that this strategy may not be effective in every case, and Sal should consider other factors such as his cash flow needs and the stability of his investments.

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Related Questions


Devon was surprised that his pay check was less than he had expected. His
paycheck was reduced because
had been withheld by his employer.
OA. incentives
B. commissions
C. gross pay
OD. deductions

Answers

The answer is C. Gross pay. Devon's paycheck was reduced because it had been withheld by his employer as gross payment.

"Gross pay" mean?

Before any taxes, benefits, or other payroll deductions are done , an employee's gross salary is what they are paid. Net pay, often known as take-home pay, is the amount that is given after all withholdings have been taken into consideration.

Calculate my gross pay?

Start by determining the total amount need for each pay period in order to see an employee's gross compensation. Hourly workers multiply their total hours worked by their hourly rate, plus any overtime. Employees on a salary split their yearly earnings by the number of pay periods.

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The abc retail company groups activities around its east​ coast, west​ coast, and midwest locations. Which type of departmentalization is the company​ using?.

Answers

When Jack Welch served as CEO of GE, he invented the phrase "boundaryless organization," which describes an organization that does away with traditional borders between divisions and obstacles between the firm and the outside world.

What is organization without boundaries?An organization that actively dismantles barriers to innovation is said to be "boundaryless," which means that it is more integrated and has less hierarchy and functional division. This makes it possible for ideas, information, and innovations to flow freely.An organization without boundaries has four dimensions.Boundaryless enterprises benefit from the inherent diversity of their workforce. Diversity will, according to research, boost employee and organizational innovation overall.The concept behind this model is to outsource the majority of the operations while keeping just the strategic and value-generating tasks in-house. Toyota is an illustration of a business that practices this.When Jack Welch served as CEO of GE, he invented the phrase "boundaryless organization," which describes an organization that does away with traditional borders between divisions and obstacles between the firm and the outside world.    

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A solution is a mutually shared answer to a recognized customer problem. True or False?

Answers

This statement is True: A solution is a mutually shared answer to a recognized customer problem.

In a word, social selling is a deliberate strategy used by sellers to interact with and forge connections with prospects via social networks. As sellers increasingly use sales technology (and not simply social media) to communicate with buyers, social selling has evolved into virtual selling in recent years. Salespeople can develop dependable connections, increase their social authority, and eventually accomplish their sales objectives by using social selling and virtual selling.

Connecting with potential clients in both B2B and B2C industries has replaced outmoded marketing strategies as technology and communication methods continue to advance and evolve. Cold calling is one of the more traditional sales methods that lacks the social and digital selling's convenience and more individualized approach.

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a written document that acts as a guidebook of marketing activities for the marketing manager is known as the . group of answer choices strategy document marketing plan vision statement mission statement

Answers

A written document that acts as a guidebook of marketing activities for the marketing manager is known as marketing plan.

What Is Marketing?Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses. Some marketing is done by affiliates on behalf of a company.Professionals who work in a corporation's marketing and promotion departments seek to get the attention of key potential audiences through advertising. Promotions are targeted to certain audiences and may involve celebrity endorsements, catchy phrases or slogans, memorable packaging or graphic designs and overall media exposure.

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What are the benefits temporary employment offer employers?

Answers

1. They usually don't have to pay for thr insurance of the worker.

2. They can generally sack the worker out when there is no work.

3. The workers don't generally get pensions.

All of the following are examples of body language except:

All of the following are examples of body language except:

Answers

Answer:

using humor to describe a situation

Answer:

I would go with b. using humor to describe a situation

Explanation:

Using humor is basically trying to accentuating your point/situation,so that's excluded.

I hope this helps

The SAFe Scrum Master role includes responsibilities to which other group?

o Business owners

o Solution Management

o Solution Train Engineers

o The other Agile Teams on the Agile release train (ART)

Answers

The SAFe Scrum Master role includes responsibilities towards the other Agile Teams on the Agile Release Train (ART). So, correct option is D.

The Agile Release Train is a collection of Agile teams that work together to deliver a product increment during a fixed time frame known as a Program Increment (PI). The Scrum Master in the SAFe framework plays a crucial role in facilitating the Agile processes for the team and helping to remove any impediments that are blocking the team's progress.

The Scrum Master collaborates with the other Scrum Masters on the ART to help manage cross-team dependencies and ensure that the teams are working towards a shared goal.

The Scrum Master also participates in Scrum of Scrums meetings, where representatives from each Agile team on the ART discuss progress, impediments, and other issues affecting the overall delivery of the product increment.

Therefore, the SAFe Scrum Master role has a significant responsibility towards the other Agile teams on the ART to ensure effective collaboration and timely delivery of product increments.

So, correct option is D.

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When preparing a balance sheet, the amount of owner's capital is calculated using amounts obtained from: a) the general leader, b) the income statement, c) the journal, d) none of these

Answers

Option D. Capital account balance + drawing account balance less net income is the formula used to determine the owner's capital amount shown on a balance sheet.

An organization's assets, liabilities, and equity must balance out to create a balance sheet. Total assets equals total liabilities plus total equity is the calculation. A balance sheet is a financial statement that lists a company's assets, liabilities, and shareholder equity as of a particular date. For calculating investor return rates and assessing a company's capital structure, balance sheets serve as the foundation.A company's balance sheet, or statement of financial position, gives a quick overview of the assets and liabilities of the business as well as the amount of shareholder investment.

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Mr. And Mrs. Yeager want to buy a home valued at $320,000. If they have 15% of this amount saved for a down payment, how much have they saved? a. $480 b. $4,080 c. $4,800 d. $48,000 Please select the best answer from the choices provided A B C D.

Answers

D) $48,000

15% =15/100=0.15
0.15 (320000)=48000

You purchased 100 shares of stock value at $55 per share. The stock value increases to $85 per share what was the rate of increase?

Answers

Answer:

54.55%

Explanation:

The purchasing price is $55

Price has increased to $85.

The monetary increase = $85 - $55 = $30

As a percentage , the increase will be

=$30/$55 x 100

=0.545454 x 100

=54.5454%

=54.55%

The civil and common law traditions are two distinct legal systems that are currently used by the majority of the developed world. These two traditions share some features but differ in substantial and important ways. Using the facts gathered during your research as supporting material, evaluate the two systems, focusing on both similarities and differences. Convince your reader that the common law tradition is superior to the civil law tradition.

Submit your completed essay.

Answers

Answer:

this is your answer

Explanation:

please mark as brainlist

The civil and common law traditions are two distinct legal systems that are currently used by the majority

can someone recommend me some research topics for economics.would really appreciate if it is in a list​

Answers

Explanation:

here are some research topics for economics::

1. The effect of income changes on consumer choices

2. The effect of labor force participation on the economy and budget – A comparison

3. The impact of marital status on the labor force composition: A case of [your country] economy

4. The difference in the consumption attitude in [your country] over the last decade – Critical analysis of consumer behavior trends

5. The relationship between salary levels and ‘economic convergence’ in [your country]?

6. Analyzing salary inequalities in [your country] and the forces behind such inequalities.

7. The evolution of consumption in [your country] over the last 10 years: Trends and consumer behavior.

8. Dynamics of the Gini index as a reflection of the problem of inequality in income 

9. Cashless economy: The impact of demonetization on small and medium businesses

10 Privatization of Public Enterprises and its implications on economic policy and development

the author of the book mentions that michael porter might have said of enterprise systems that?

Answers

Without knowing which specific book and author you are referring to, it is difficult to give a precise answer. However, I can provide some general information about Michael Porter and enterprise systems. Michael Porter is a renowned Harvard Business School professor and strategy expert who is well-known for his work on competitive advantage and the Five Forces framework. While he is not typically associated with enterprise systems specifically, he has written about the importance of information technology in enabling competitive advantage.

In his book "Competitive Advantage: Creating and Sustaining Superior Performance," Porter argues that technology can be a key driver of competitive advantage, but only if it is used strategically. He emphasizes the importance of aligning IT investments with business strategy and using technology to support unique value propositions. In the context of enterprise systems, Porter might argue that they can be a powerful tool for creating efficiencies and streamlining processes, but only if they are designed and implemented in a way that supports the overall business strategy. Simply implementing an enterprise system without considering how it will support the organization's competitive advantage is unlikely to lead to significant benefits.

Overall, while Porter may not have specifically commented on enterprise systems, his work on strategy and competitive advantage can provide useful insights for organizations looking to leverage technology to achieve their goals.

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a construction company's mission statement defines success as having as little of a negative impact on an environment as possible rather than solely analyzing profits and losses, and a practice called triple line.

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prosperity, the planet, and people Instead of focusing only on revenues and losses, a construction company's mission statement defines success as having as little of a negative impact on the environment as feasible. This practise is known as triple line accounting.

According to the triple bottom line (TBL) economic theory, businesses should pledge to give social and environmental issues the same amount of attention as earnings. According to TBL theory, there should be three bottom lines: profit, people, and the environment. the triple bottom line hypothesis, an organization's contributions to social well-being, environmental health, and a just economy are all included in traditional corporate performance indicators. People, planet, and prosperity are sometimes referred to as the three "P's" in terms of the bottom line.

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identify the characteristics of an enterprise resource planning (erp) system. (check all that apply.)

Answers

Note that the characteristics of an enterprise resource planning (ERP) system are given below:

Integration,Flexibility andTransversality.

What is an ERP?

The integrated administration of major business operations, frequently in real-time and mediated by software and technology, is referred to as enterprise resource planning.

There are three primary types of ERP systems, each with its own deployment approach. Cloud ERP, on-premise ERP, and hybrid ERP are the most prevalent types of ERP systems.

Integration, as indicated above, refers to the linkages that exist between corporate processes as well as between organizational levels.

The capacity of an organization to adapt positively and swiftly to changing conditions in its environment utilizing its present resources, as well as its ability to absorb the introduction of new goods and technology, is referred to as its flexibility.

Transversality relies heavily on the idea of the process. It is generally described as a chain of operations that repeatedly change inputs into outputs. The emphasis is on value-added activities, simplicity of repetition, and client attention.

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Inventory items with a cost of $3090 were excluded from ending inventory. These goods were in transit from Flores company to Barnes Company and were purchased FOB destination

Answers

Answer:

the journal entry to record this adjustment would be:

December 31, 202x, adjustment to merchandise inventory

Dr Accounts payable 3,090

    Cr Merchandise inventory 3,090

When goods are purchased FOB destination, the title of the goods passes only after the goods have been delivered to the buyer. Also, freight costs should be paid by the seller. When goods are purchased FOB shipping point, the title of the goods passes after the goods leave the seller's dock, they are considered property of the buyer even if they haven't arrived yet. Freight costs are generally paid by the buyer.

What advantage does the American Beverage Association or the American Fuel and Petrochemical Manufacturers have over other types of interest groups

Answers

The advantage that these Interest group have over other types of interest groups is that they are more profit oriented.

Interest group can be defined as Individuals or groups who are organized to influence the government's programs and policies.

Interest group can either be a Political Group, Economic Group or Corporate Group.

American Beverage Association, American Fuel and Petrochemical Manufacturers are example of Economic Group and Corporate Group.

In conclusion, the advantage that these Interest group have over other types of interest groups is that they are more profit oriented.

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Management career skills include managing _____. time personnel finances all of the above

Answers

The management career skills include:

Technical Skills. ...
Conceptual Skills. ...
Human or Interpersonal Skills. ...
Planning. ...
Communication. ...
Decision-making. ...
Delegation. ...
Problem-solving.

How is being comfortable with risk and flexibility important to having an entrepreneurial mindset?

Answers

An entrepreneurial mindset is a set of skills that enable people to identify and make the most of opportunities, overcome and learn from setbacks, and succeed in a variety of settings.  This means that being too stubborn and unyielding in your approach can be a recipe for stress and potential business disaster. Being flexible as an entrepreneur can provide you with an important competitive edge. It helps you to exploit opportunities as and when they arise. Successful entrepreneurs stick to the basic principles of risk management: They look for opportunities where if they fall short they lose only a certain value, but if they win they could stand to gain 10 times as much. And the best entrepreneurs never bet more than they can afford to lose. They always consider Plan B (as well as Plan C, D and E) in case the current program doesn’t work out as expected.

Hope that this gives some insight on the topic :)

Felipe is an illegal immigrant seeking work in the U.S. He is hired by a small factory doing manual labor. When it is discovered that Felipe is an illegal immigrant. Which is the correct answer? A. Felipe cannot be deported, but the employer can be punished. B. Felipe cannot be deported, and the employer will not be punished. C. Felipe can be deported, and the employer will not be punished. D. Felipe can be deported, and the employer can be punished.

Answers

Answer:

its D. felipe can be deported and the employer can be punished

Explanation:

Explain the function and purpose of the U.S. Federal Reserve System.

Answers

Answer:

The Fed provides the country with a safe, flexible, and stable monetary and financial system. The Fed's main duties include conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services.

Explanation:

How are SI units supportive to traders?​

Answers

SI units are drawn or created such way that the units which are used by traders won't get affected.Traders can trade in the simplest unit with all where in world.By which they won't face any problems

Some common SI units

Mass=KgTemperature=KLuminous intensity=CandelaCurrent=AmperePressure=Pa

Which is considered part of a person’s income for the year?

Answers

Answer:

Gross income is everything that an individual earns during one year, both as a worker and as an investor. Earned income includes only wages, commissions, bonuses, and business income, minus expenses, if the person is self-employed.

Explanation:

whenever a perfectly competitive firm chooses to change its level of output, its marginal revenue group of answer choices increases if mr < atc and decreases if mr > atc. does not change. always increases. always decreases.

Answers

Whenever a perfectly competitive firm chooses to change its level of output, its marginal revenue (MR) does not change. The correct option is does not change.

In a perfectly competitive market, the firm is a price taker, meaning that it has no control over the market price and must accept the prevailing market price for its product. The market price is determined by the forces of supply and demand.

The marginal revenue for a perfectly competitive firm is equal to the market price (MR = P). This means that the revenue gained from selling an additional unit is constant, regardless of the level of output. As a result, when a firm changes its level of output, the marginal revenue remains the same.

It's important to note that this situation differs from the relationship between average total cost (ATC) and marginal revenue. The firm will maximize its profit when MR = MC (marginal cost). If MR > ATC, the firm is making a profit, while if MR < ATC, the firm is experiencing losses. However, these comparisons do not directly influence the marginal revenue, which remains constant in a perfectly competitive market. The correct option is does not change.

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hich pricing strategy involves setting a high price for an exclusive, high-end product?

Answers

Yes, this encourages the buyer to pay more for an item especially if it is by a well known branded. This gives them to opportunity to brag and boast with their purchase. Also when the product is well known consumers are going to try their absolute best to buy it, this is going to make the product scare, hence increasing its price.

How long after refund is accepted will it be approved.

Answers

Answer:

I believe after 30 or 90 days

Question 5 of 10
Which of the following is a part of the employment tax?
O A. Income tax
O B. Property tax
O C. Non-compliance fines
O D. Social security tax

Answers

Answer:

D. social security tax

Explanation:

Which function of the marketing mix enables you to reach out to customers

Answers

Place because it's where the services is offered or the product is sold.

Answer:

promotion

Explanation:

for plato

An activity variance is due to the difference between the level of activity used in the flexible budget and the actual level of activity.

a. True
b. False

Answers

Answer:

a. True

Explanation:

The Activity variance is based on the difference in actual level of activity used in flexible budget and the level of activity accounted in the planning or master budget

saul goodman is shopping for a gently used suv. a used-car dealer offers to sell the vehicle to saul for $7000 down and $725 per month for 60 months. if the quoted rate on car loans is currently 4.8%, what is the price of the car implied by the dealer’s offer?

Answers

Price of the car = $45605.525

price of the car =  Down payments +  present value of 60 monthly payments

present value of 60 monthly payments =  \(P [\frac {1 - \frac {1}{(1+r)^n}}{r}]\)

price of the car = $7000 + $725 \([\frac {1 - \frac {1}{(1+0.048)^{60}}}{0.048}]\)

price of the car = $7000 + $725(53.249)

price of the car = $45605.525

What is Loan?

A loan could be a shape of debt caused by an person or other entity. The lender—usually a enterprise, monetary institution, or government—advances a sum of cash to the borrower. In return, the borrower concurs to a certain set of terms counting any back charges, intrigued, reimbursement date, and other conditions.

It can be classified into three main categories, namely, unsecured and secured, conventional, and open-end and closed-end loans.

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Which statement accurately reflects the impact of exercise in early adulthood?A. It increases flexibility.B. It increases the risk of heart disease.C. It increases the risk of developing osteoporosis.D. It reduces lung capacity. CAN SOMEONE HELP ME WITH THIS PLZ! An electron moved from a higher energy level to a lower energy level. What most likely happened during the transition? A photon was released.A photon was absorbed.A fixed amount of energy was absorbed.A random amount of energy was released. PLEASE HELP NO TIME :( Phenylthiocarbamide (PTC), also known as phenylthiourea (PTU), has the unusual property that it either tastes very bitter or is virtually tasteless, depending on the genetic makeup of the taster. There is a single gene which codes for a protein found in our tongues. PTC will bind with the protein if it present and a person will taste it. If the protein is not present, PTC will not bind and a person cannot taste it. The ability to taste PTC is often treated as a dominant genetic trait. The dominant allele, T, causes a person to be able to taste PTC, and the recessive allele is represented as t. Assume that a population is in Hardy-Weinberg equilibrium and 16 individuals out of 100 are unable to taste PTC. What are the allele frequencies of T and t in this population?A. The allele frequency of T is 0.80, and the allele frequency of t is 0.20B. The allele frequency of T is 0.84, and the allele frequency of tis 0.16.C. The allele frequency of T is 0.00, and the allele frequency of t is 0.40D. The allele frequency of T is 0.50, and the allele frequency of t is 0.50. Examining the effects of a company's financial leverage on stock prices, earnings per share, and the cost of capital is important to a firm's capital structure. 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Since the fortune cookies were donated to the club, we can ignore the cost of the cookies. The club sold 743 cookies before the drawing.(a) Lisa bought 12 cookies. What is the probability she will win the dinner for two? (Round your answer to three decimal places.)What is the probability she will not win? (Round your answer to three decimal places.)(b) Lisa's expected earnings can be found by multiplying the value of the dinner by the probability that she will win. What are Lisa's expected earnings? (Round your answer to two decimal places.)$How much did she effectively contribute to the hiking club? (Round your answer to two decimal places.)$ A wave pulse on a spring is 5.40 cm high and oriented upward. This pulse meets another pulse of the same shape which is 1.10 cm high but oriented downward.At the moment when the two pulses come together, what is the amplitude of the resulting pulse? Note: if the pulse is oriented upward, make its amplitude positive. 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