A trader by mistake calculates the profit on the selling price and accounts it as 25% find the correct profit earned by the trader

Answers

Answer 1

Based on the information, the real profit percentage is 25%.

How to calculate the percentage

Let's say the selling price is $100. The merchant's profit is estimated to be 20% of the selling price, or $20. The cost price is therefore $100 - $20 = $80.

Here's the formula:

Real profit percentage = (Profit / Cost price) * 100

The real profit percentage is calculated by dividing the profit by the cost price and multiplying by 100. In this case, the real profit percentage is:

= $20 / $80 * 100

= 25%.

Learn more about percentages on

https://brainly.com/question/24304697

#SPJ1

If a merchant estimates his profits as 20 % of the selling price, what is his real profit percent.


Related Questions

Which strategy would best reduce the risk of automobile accidents?
A. Engaging in a strict exercise regimen
B. Obeying traffic laws
C. Texting while driving
D. Adding comprehensive auto insurance

Answers

The strategy that would best reduce the risk of automobile accidents is B. Obeying traffic laws.

Obeying traffic laws involves following speed limits, stopping at red lights and stop signs, yielding the right of way, using turn signals, and other rules and regulations that promote safe driving practices. By adhering to traffic laws, drivers can minimize the likelihood of collisions and maintain a safer driving environment for themselves and others on the road.

Engaging in a strict exercise regimen (option A) may contribute to overall physical fitness but does not directly address the risk of automobile accidents.

Texting while driving (option C) is extremely dangerous and significantly increases the risk of accidents. It is illegal in many jurisdictions and strongly discouraged as it diverts attention from the road.

Adding comprehensive auto insurance (option D) is a responsible step to protect against financial loss in the event of an accident, but it does not directly reduce the risk of accidents. It provides coverage for damages and liabilities after an accident has occurred.
The answer is B which is obeying traffic laws.

societies decide who should get the goods they produced by:

Answers

Societies decide who should get the goods they produce by prioritizing the fulfillment of the most important needs of all citizens. Hence, Option (C) is correct.

By prioritizing the needs of all citizens, societies should strive for equitable distribution and ensure that every individual has their basic needs met.

It goes beyond fulfilling individual wants and focuses on meeting fundamental necessities such as food, shelter, healthcare, education, and other essential requirements.

This approach acknowledges that individuals have different wants and desires, but it places emphasis on guaranteeing that no one is left without access to basic necessities.

Thus, societies should always produce goods required for the fulfillment of the basic needs of individuals.

Learn more about Production here:

https://brainly.com/question/15331186

#SPJ1

Societies decide who should get the goods they produce by:

A. considering which citizens should get their wants fulfilled.

B. preventing any group of citizens from fulfilling all of its wants.

C. making sure all citizens have their most important needs met.

D. making sure entrepreneurs always have their needs fulfilled.

Question 2 of 10
Which sentence best completes the diagram?
H
Globalization
A. Fewer companies have a need for natural
?
resources.
or natural resources.
B. Natural resources move from poor to rich countries.
C. Incomes improve for poor people in all countries.
D. Local businesses face less international competition.

Answers

Natural resources moving from poor to rich countries best completes Globalization. The correct option is B.

Globalization refers to the international connectivity and integration of economies and cultures. The transfer of resources between nations, including natural resources, is one component of globalization. Natural resources frequently move from developing to developed nations because they are in such great demand for manufacturing, industrial output, and consumer goods in the former. Both the exporting and importing countries may experience economic effects as a result of this resource transfer.

Thus, the ideal selection is option B.

Learn more about Globalization here:

https://brainly.com/question/30331929

#SPJ1

According to Carol Ryff, all of the following are associated with well-being during adulthood except

Answers

According to Carol Ryff's model of psychological well-being, self-acceptance, environmental mastery, and having a purpose in life are all associated with well-being during adulthood. However, a critical review of one's life is not considered one of the factors associated with well-being.

Self-acceptance refers to accepting and being satisfied with oneself, including one's strengths and weaknesses. It involves having a positive self-image and self-esteem, which contributes to overall well-being. Environmental mastery refers to an individual's ability to effectively manage and adapt to the demands of their environment. It involves feeling competent and in control of one's surroundings, which enhances a sense of well-being.

Having a purpose in life is another important factor in well-being. It involves having meaningful goals, a sense of direction, and a feeling of contributing to something larger than oneself. It provides a sense of fulfillment and satisfaction, giving a purpose and meaning to one's existence.

On the other hand, a critical review of one's life is not directly associated with well-being. While self-reflection and introspection can be valuable for personal growth and self-awareness, a constant critical evaluation of one's life may lead to self-doubt, dissatisfaction, and a diminished sense of well-being. Instead, focusing on positive aspects, personal growth, and cultivating self-compassion is more conducive to overall well-being.

For more questions on psychological

https://brainly.com/question/31197260

#SPJ8

Complete question: According to Carol Ryff, all of the following are associated with well-being during adulthood except self-acceptance.

environmental masterya purpose in lifea critical review of one's life.

Question 9 External environment of business is sometimes referred as​

Answers

Answer:

macro environment

Explanation:

about STP with the idea of YOU being the Product/Service, with the idea of looking for a JOB. How would you apply STP to a job search for yourself

Answers

By applying the STP concept to job search, one can focus your efforts on specific segments, tailor the approach to target employers that align with the goals, and position oneself as a strong candidate in a competitive market. This strategic approach can increase the chances of finding a job that matches the skills, interests, and career aspirations.

STP includes segmentation, which involves dividing the job market into distinct segments based on relevant criteria. In this case, one can consider factors such as skills, qualifications, experience, and career goals to identify the specific job market segments that align with profile. For example, one could segment the market based on industry, job function, or geographic location. Targeting means that once one have identified the segments that align with the profile, one can target specific employers or organizations within those segments. Research and identify companies that match career objectives, values, and work culture preferences. Positioning involves creating a compelling and differentiated personal brand that sets ones apart from other candidates.

Learn more about job applications here.

https://brainly.com/question/17869674

#SPJ1

the major features of the US free enterprise system include

Answers

Explanation:  1.Private property ownership is one of the most fundamental aspects of the free enterprise system.

2. Contracts are freely entered into by individuals and businesses in the United States (US)....

3. Individuals in the United States have the freedom to make personal decisions and communicate those decisions through the price system.

Information processing related story

Answers

Information processing aids in the identification of pertinent cues by performers through selective attention, hence enhancing movement reactions that will ultimately result in a good end. If we practice techniques to improve our capacity to store more knowledge in long-term memory, our chances of success are boosted.

Information technology, which includes computers and other digital electronic devices, is referred to as information processing when it comes to the manipulation of digital information.

Structured corporate training can be done using the Information Processing Theory. It gives you a technique to use to make sure your students learn more than just a cursory understanding of the information we present to them. It makes sure that it is stored in their long-term memory so that they may recall it when necessary.

Learn more about Information Processing here:

https://brainly.com/question/30323532

#SPJ1

How have house prices in New Zealand changed since 2010?

Answers

New Zealand saw another housing boom in the following years, with prices soaring by 155% (114.6% inflation-adjusted) from 2011 to 2021, including double-digit price rises in 2016 (10.97%), 2019 (12.32%), 2020 (18.6%) and 2021 (21.48%).

Having trouble locating the incomplete error. Please help me identify my issue.

After the success of the company’s first two months, Santana Rey continues to operate Business Solutions. The November 30, 2021, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows.

Number Account Title Debit Credit
101 Cash $ 38,264
106 Accounts receivable 12,618
126 Computer supplies 2,545
128 Prepaid insurance 2,220
131 Prepaid rent 3,300
163 Office equipment 8,000
164 Accumulated depreciation—Office equipment $ 0
167 Computer equipment 20,000
168 Accumulated depreciation—Computer equipment 0
201 Accounts payable 0
210 Wages payable 0
236 Unearned computer services revenue 0
307 Common stock 73,000
318 Retained earnings 0
319 Dividends 5,600
403 Computer services revenue 25,659
612 Depreciation expense—Office equipment 0
613 Depreciation expense—Computer equipment 0
623 Wages expense 2,625
637 Insurance expense 0
640 Rent expense 0
652 Computer supplies expense 0
655 Advertising expense 1,728
676 Mileage expense 704
677 Miscellaneous expenses 250
684 Repairs expense—Computer 805
901 Income summary 0
Totals $ 98,659 $ 98,659

Business Solutions had the following transactions and events in December 2021.

December 2 Paid $1,025 cash to Hillside Mall for Business Solutions's share of mall advertising costs.
December 3 Paid $500 cash for minor repairs to the company’s computer.
December 4 Received $3,950 cash from Alex’s Engineering Company for the receivable from November.
December 10 Paid cash to Lyn Addie for six days of work at the rate of $125 per day.
December 14 Notified by Alex’s Engineering Company that Business Solutions's bid of $7,000 on a proposed project has been accepted. Alex’s paid a $1,500 cash advance to Business Solutions.
December 15 Purchased $1,100 of computer supplies on credit from Harris Office Products.
December 16 Sent a reminder to Gomez Company to pay the fee for services recorded on November 8.
December 20 Completed a project for Liu Corporation and received $5,625 cash.
December 22-26 Took the week off for the holidays.
December 28 Received $3,000 cash from Gomez Company on its receivable.
December 29 Reimbursed S. Rey for business automobile mileage (600 miles at $0.32 per mile).
December 31 Paid $1,500 cash for dividends.
The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company’s first three months.

The December 31 inventory count of computer supplies shows $580 still available.
Three months have expired since the 12-month insurance premium was paid in advance.
As of December 31, Lyn Addie has not been paid for four days of work at $125 per day.
The computer system, acquired on October 1, is expected to have a four-year life with no salvage value.
The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value.
Three of the four months' prepaid rent have expired.

Answers

Upon reviewing the provided information, it appears that an adjusting entry is required for the prepaid rent expense. As stated, three of the four months' prepaid rent have expired as of December 31, 2021.

To accurately reflect the portion of the prepaid rent that has been utilized during the period, an adjusting entry should be made.

The adjusting entry for the prepaid rent expense can be calculated as follows:

Prepaid Rent Expense = (Total Prepaid Rent / Total Prepaid Months) x Expired Prepaid Months

Prepaid Rent Expense = ($3,300 / 4) x 3 = $2,475

Therefore, an adjusting entry should be made to recognize $2,475 as an expense for the expired prepaid rent. The journal entry would be as follows:

Date Account Debit Credit

Dec 31 Rent Expense $2,475

Prepaid Rent $2,475

By recording this adjusting entry, the financial statements will accurately reflect the portion of prepaid rent that has been utilized during the period, ensuring accurate reporting of expenses and the company's financial position.

For more such questions on expense

https://brainly.com/question/23282485

#SPJ8

Being legally responsible for the medical bills as a result of your dog bitting a neighbor is known as your ____.
A. Exclusion
B. Liability
C. Coverage
D. Deductible

Answers

Answer:

B. Liability

Explanation:

What is liability?

Liability refers to the legal responsibility for one’s actions or omissions.

In this case, if your dog bites a neighbor and causes injury, you may be held liable for the resulting medical bills and other damages.

In Arizona, a tenant on a lease

Answers

In Arizona, a tenant on a lease has specific rights and responsibilities as governed by the Arizona Residential Landlord and Tenant Act.

When you enter into a lease agreement, you are entering into a legally binding contract with the landlord, and it's important to understand your rights and obligations.

As a tenant on a lease in Arizona, you have the right to a habitable dwelling. This means that the landlord is responsible for maintaining the rental property in a safe and livable condition, including necessary repairs, plumbing, heating, and electrical systems.

You also have the right to privacy. The landlord must provide reasonable notice before entering your rental unit, except in emergency situations. They cannot enter the premises without your permission or harass you.

Your responsibilities as a tenant include paying rent on time and in full according to the terms of the lease agreement. You are expected to keep the rental unit clean and undamaged, and to use it in a reasonable manner. Any damages caused by your negligence may be deducted from your security deposit.

If you encounter any issues or disputes with the landlord, it is recommended to document the problem in writing and notify the landlord promptly. You may also consider seeking legal advice or contacting the Arizona Residential Landlord and Tenant Act's enforcement agency for further assistance.

Remember to carefully review your lease agreement before signing it and seek clarification on any unclear provisions. Understanding your rights and responsibilities as a tenant on a lease in Arizona is essential for a smooth and lawful tenancy.

for more such questions on lease

https://brainly.com/question/27520371

#SPJ8

What type of work environment & culture is ideal for you?

Answers

It's crucial to find an environment that aligns with your values, supports your professional growth, and enables you to perform at your best.

Some general insights on work environments and cultures that are often considered ideal by many individuals:

Collaborative and inclusive: An environment that fosters collaboration, teamwork, and inclusivity can be highly desirable. It encourages open communication, idea sharing, and a sense of belonging among team members.

Supportive and positive: A positive work environment where employees feel supported, appreciated, and valued can enhance job satisfaction. This includes constructive feedback, recognition for achievements, and a focus on employee well-being.

Flexible and adaptable: Many people appreciate a work environment that offers flexibility in terms of work hours, remote work options, and the ability to adapt to changing circumstances. This flexibility promotes work-life balance and allows individuals to perform at their best.

Innovative and growth-oriented: A culture that values innovation, encourages learning and development, and provides opportunities for personal and professional growth can be highly motivating. Employees thrive in an environment that supports creativity, continuous improvement, and career advancement.

Ethical and transparent: An organization with a strong ethical framework and transparent communication cultivates trust and integrity. Employees appreciate working in an environment where ethical behavior is valued, and decision-making processes are transparent.

It's important to note that the ideal work environment and culture can vary depending on individual preferences, industry, job role, and personal circumstances. What may be ideal for one person may not necessarily be the same for others.

for more such questions on professional growth

https://brainly.com/question/31200976

#SPJ8

literature review with citations

Answers

please be specific, about what?

Andy uses a card reader to make a purchase at the mall. A few days later, he notices unauthorized charges on his credit card. Which type of fraud has most likely occurred
A. Skimming
B. Account freezing
C. Phishing
D. Hacking

Answers

Based on the given information, the most likely type of fraud that occurred in Andy's situation is C. Phishing.

Phishing is a type of cybercrime where attackers trick individuals into revealing their sensitive information, such as credit card details, passwords, or personal identification, by pretending to be a legitimate entity.

The fact that Andy noticed unauthorized charges on his credit card shortly after using a card reader indicates that his credit card information may have been compromised during the transaction.

Skimming, which involves unauthorized copying of card data, is a possibility, but phishing is more likely in this case as it directly involves obtaining credit card information through deception.

Account freezing and hacking are less likely scenarios in this context. Account freezing refers to the temporary suspension of an account by a financial institution due to suspicious activity, which is not mentioned in the scenario.

Hacking involves unauthorized access to a computer system or network, which is not explicitly indicated as the cause of the unauthorized charges.  Option C

For more such questions on fraud visit:

https://brainly.com/question/31032334

#SPJ8

Answer:

Phishing.

Explanation:

One way to get people to pay attention to your presentation is to give them candy for answering questions about it. Please select the best answer from the choices provided T F

Answers

Answer:

False.

Explanation:
While providing incentives like candy can potentially attract attention and engagement, it is important to consider the context and purpose of the presentation. Relying solely on extrinsic rewards like candy may undermine the goal of fostering genuine interest, understanding, and active participation from the audience. It is generally more effective to focus on creating compelling content, interactive activities, and clear communication to engage the audience.

Answer:

False

Explanation:

They will get distracted by the candy so it is false because they may not focus on what your presentation is saying.

The five stress in the workplace

Answers

The five stress in the workplace

WorkloadInterpersonal conflictsLack of controlOrganizational culture and job demandsWork-life balance

The five stress in the workplace

Stress in the workplace can stem from various factors, including excessive workloads, tight deadlines, and a high volume of tasks. Interpersonal conflicts, such as poor communication and personality clashes, can also contribute to workplace stress.

Feeling a lack of control over work-related decisions and schedules, along with a toxic organizational culture or unrealistic job demands, can further exacerbate stress levels. Additionally, difficulties in achieving work-life balance due to long hours and limited personal time can lead to increased stress and burnout.

Read more on stress here:https://brainly.com/question/11819849

#SPJ1

Question 7 of 10
The Better Business Bureau maintains business profiles weighing:
OA. the number of stars and reviews a company receives online.
B. the number of employees and employee compensation in a
company.
O
OC. the number of legal actions against the number of positive online
reviews a company receives.
O
D. the number of unresolved complaints and legal actions against a
company.

Answers

The correct answer is:

D. the number of unresolved complaints and legal actions against a company

CLOVER CORPORATE DECISON MAKING PROCESS

Answers

Clover Corporate Decision Making Process is a framework used by Clover Corporation, a fictional company, to guide its decision-making process.

The process consists of several steps designed to ensure thoughtful analysis, collaboration, and informed decision-making. Here is an overview of the Clover Corporate Decision Making Process:

Identify the Decision: The first step is to clearly identify the decision that needs to be made. This involves defining the problem or opportunity and understanding its significance.

Gather Information: In this step, relevant data and information are collected to provide a comprehensive understanding of the situation. This may involve conducting research, analyzing market trends, assessing risks, and gathering input from stakeholders.

Analyze Options: Once the information is gathered, different options or alternatives are analyzed. This involves evaluating the pros and cons, considering potential outcomes and consequences, and assessing feasibility.

Evaluate Alternatives: The identified options are further evaluated based on predefined criteria, such as financial viability, alignment with company goals, and impact on stakeholders. This step helps in identifying the most suitable alternative.

Make the Decision: After careful analysis, a decision is made by selecting the most favorable alternative. This decision should align with the company's values, goals, and objectives.

Implement the Decision: Once the decision is made, it needs to be implemented effectively. This involves creating an action plan, allocating resources, and communicating the decision to relevant stakeholders.

Monitor and Review: After implementation, the decision is monitored to assess its effectiveness and impact. Regular reviews are conducted to ensure that the decision is producing the desired results and to make adjustments if necessary.

For more such questions on Corporate visit:

https://brainly.com/question/24553900

#SPJ8

Which of the following best describes what happens if one more unit of labor is used? Choose 1 answer:
A) MPL increases
B) MPL equals total product of labor (TPL)
C) APL is maximized
D) APL increases.
E) MPL is minimized​

Answers

MPL increases, best describes what happens if one more unit of labor is used. Thus, option (a) is correct.

The change in output brought on by adding a new unit of labour is known as the marginal product of labour (MPL).

MPL stands for the extra output that can be produced with an additional unit of labour. If MPL rises, it indicates that the extra output produced by the additional unit of labour is larger than the output produced by the original unit of labour.

Therefore, option (a) is correct.

Learn more about on MPL, here:

https://brainly.com/question/31324965

#SPJ1

What type of strategies is suitable for an organization in trouble and needs to address declining performance”?
a) Decisive strategy
b) Enhancing strategy
c) Persistent strategy
d) Renewal strategy

Answers

When an organization is facing declining performance and needs to address the situation, a suitable strategy is the "Renewal strategy." Therefore, option D is correct.

This strategy focuses on revitalizing the organization, identifying and addressing the root causes of the decline, and implementing necessary changes to restore performance and competitiveness. Renewal strategies often involve significant organizational transformation, innovation, and adaptation to changing market conditions.

The goal is to rejuvenate the organization and position it for sustainable growth and success in the future.

Learn more about strategies, here:

https://brainly.com/question/32391278

#SPJ1

What is more important cashflow or profit

Answers

Answer:

There are a couple of reasons why cash flows are a better indicator of a company's financial health. Profit figures are easier to manipulate because they include non-cash line items such as depreciation ex- penses or goodwill write-offs.

Explanation:

Read the articles below then answer the following questions:
1. What is the main takeaway for you in each of them?
2. How can you incorporate what you learned from each of them into a Social Media Marketing Plan?
"How to Create a Social Media Content Strategy"
"How to Integrate Your Digital Marketing and Social Media Plan for Online Success"
"The Journey of a Social Media Marketer: Q&A with SMT Influencer Rachel Strella"

Answers

Creating a Social Media Content Strategy:

Define your goalsUnderstand your audienceChoose the right platformsPlan your contentConsistency and scheduling

What is Social Media Marketing Plan?

Choose the right social media platforms for your audience. Plan your content: Mix engaging, informative, and promotional content. Use visuals and storytelling to enhance content.

Establish a consistent posting schedule and frequency to keep your audience engaged. Use social media tools to schedulize and automate your content. Align messaging: Ensure social media content matches digital marketing plan.

Learn more about   Social Media Marketing from

https://brainly.com/question/13362236

#SPJ1

Crocs Proprietary Limited “Crocs” was incorporated on 1 February 2021. Soon after its incorporation, Crocs entered into an agreement with the municipality to lease a vacant piece of land. As per the lease agreement, Crocs may erect a structure on the land, but the company is obligated to dismantle and remove the structure at the end of its useful life and restore the land to its original state.



The construction of the building, which will house the abattoir operations, started in February 2021. It was completed on 30 April 2021 and recorded in the accounting records with a total cost of R2 670 000.



The following journal entry was recorded on 30 April 2021

DR Property, plant, and equipment 2 670 000

CRPayables 2 670 000



The building was available for use on the same day. The management of Crocs estimated the future dismantling, removal, and restoration costs to be R750 000. An appropriate discount rate (after tax) of 9% was determined.



The estimated useful life of the building is 20 years. Included in the total construction costs of the building (R2 670 000), were the following costs:

• Light steel costing R50 100 which was damaged irreparably during the construction of the building.

• Cost of R30 023 incurred to advertise the date of the opening of the facility on 1 June 2021.



The 4 machines used on the production line, with a total cost of R880 000 were fitted and installed by 1 May 2021 and available for use on the same day. The machines were brought into use on 1 June 2021, on the day of the opening of the facility. The estimated useful life of machinery is 10 years.



On 29 March 2023, the engine of one of the machines sparked and caught alight due to unscheduled loadshedding on that day. The engine was replaced at a cost of R18 000. It was not identified as a significant component at initial recognition. Its estimated useful life is 3 years.



Required:

3.1.1 Critically discuss the accuracy of the initial measurement of the building recorded in the financial records of Crocs (Pty) Ltd for the year ended 30 April 2021. Show all calculations as marks are awarded. ( 10 marks)



3.1.2 Prepare the correcting journals due to your discussion in 3.1.1 for Crocs (Pty) Ltd for the year ended 30 April 2021. ( 5 marks )



3.1.3 Calculate the correct cost of the building.



3.2 Prepare the property, plant and equipment note to the financial statements of Crocs (Pty) Ltd for the year ended 30 April 2023. Show calculations as marks are awarded.The total column is not required. (16 marks)



3.3 Show the value at which property, plant and equipment will be reflected in the ( statement of financial position of Crocs (Pty) Ltd as at 30 April 2023. (2 marks)

Answers

3.1.1 Critically discuss the accuracy of the initial measurement of the building recorded in the financial records of Crocs (Pty) Ltd for the year ended 30 April 2021. Show all calculations as marks are awarded.

To assess the accuracy of the initial measurement of the building, we need to consider the relevant costs and adjust the recorded amount accordingly.

a) Light steel costing R50,100: This cost should be excluded from the initial measurement of the building as it was damaged irreparably during construction. Since it is a non-recoverable cost related to a separate asset, it should not be included in the building cost. Therefore, the building cost needs to be reduced by R50,100.

Adjusted building cost: R2,670,000 - R50,100 = R2,619,900

b) Advertising cost of R30,023: The advertising cost incurred for the opening of the facility is not directly attributable to the construction of the building. It should be expensed separately as a marketing or promotional expense rather than capitalized as part of the building cost. Therefore, it should not be included in the building cost.

Adjusted building cost: R2,619,900

3.1.2 Prepare the correcting journals due to your discussion in 3.1.1 for Crocs (Pty) Ltd for the year ended 30 April 2021.

To correct the initial measurement of the building, the following journal entry should be recorded:

DR Property, plant, and equipment (Building) - R50,100

CR Accumulated depreciation - R50,100

Adjusted building cost: R2,619,900

3.1.3 Calculate the correct cost of the building.

The correct cost of the building is R2,619,900.

3.2 Prepare the property, plant, and equipment note to the financial statements of Crocs (Pty) Ltd for the year ended 30 April 2023. Show calculations as marks are awarded. The total column is not required.

Property, Plant and Equipment Note

Year Ended 30 April 2023

Property, Plant, and Equipment:

Buildings:

Opening balance: R2,619,900

Additions: None

Disposals: None

Depreciation: Accumulated depreciation at the end of the year

Closing balance: Cost - Accumulated depreciation

Machinery:

Opening balance: R880,000

Additions: None

Disposals: None

Depreciation: Accumulated depreciation at the end of the year

Closing balance: Cost - Accumulated depreciation

3.3 Show the value at which property, plant, and equipment will be reflected in the statement of financial position of Crocs (Pty) Ltd as at 30 April 2023.

The value at which property, plant, and equipment will be reflected in the statement of financial position is the net carrying amount, which is the cost of the asset minus accumulated depreciation.

for more such questions on financial records

https://brainly.com/question/26240841

#SPJ8

In a competitive labor market, the demand for and supply of labor determine the equilibrium wage rate and the equilibrium level of employment.

1.Discuss the relationship between how these markets determine the wage rate and the quantity of labor that should be employed.

2.Share an example, beyond your textbook, that demonstrates this relationship.

Answers

1. In a competitive labor market, the equilibrium wage rate is determined by the point where the demand for labor equals the supply of labor. The demand for labor refers to the willingness and ability of employers to pay for labor at different wage rates, while the supply of labor refers to the willingness and ability of workers to work at different wage rates. As the wage rate increases, the quantity of labor supplied increases and the quantity of labor demanded decreases. Conversely, as the wage rate decreases, the quantity of labor supplied decreases and the quantity of labor demanded increases. The equilibrium wage rate is the wage rate at which the quantity of labor demanded equals the quantity of labor supplied, and the equilibrium level of employment is the level of employment at which the quantity of labor demanded equals the quantity of labor supplied.

2. An example of this relationship is the labor market for software engineers in Silicon Valley. The demand for software engineers in Silicon Valley is high due to the growth of the tech industry, which has led to a shortage of skilled workers. As a result, employers are willing to pay high wages to attract and retain software engineers. However, this high wage rate also attracts more workers to the industry, increasing the quantity of labor supplied. This increase in the quantity of labor supplied may eventually lead to a decrease in the wage rate, as the supply of labor outstrips the demand for labor. Conversely, if the demand for software engineers were to increase even further, the equilibrium wage rate and level of employment would increase, reflecting the increased demand for labor.

In a market for chemicals, the demand function is P = 200 - Q. The private marginal cost for the chemicals producers is MCP = 50+ Q. Pollution generated during the production process causes external marginal cost for the society equal to MCE = 3Q.
(a) What specific tax would result in a competitive market producing the socially optimal quantity of chemicals?
(b) Instead of taxation, what else can the government do to make sure that the market will work itself out to achieve the socially optimal output?

Answers

(a) To achieve the socially optimal quantity of chemicals in a competitive market, the tax should be equal to the external marginal cost imposed on society. In this case, the external marginal cost is MCE = 3Q. Therefore, the specific tax should be set equal to the external marginal cost:

Tax = MCE = 3Q

Substituting the demand function into the tax equation, we have:

Tax = 3(200 - Q)

Simplifying:

Tax = 600 - 3Q

This tax would align the private marginal cost (MCP) with the social marginal cost (MCE) and result in the market producing the socially optimal quantity of chemicals.

(b) Alternatively, the government can implement a cap-and-trade system or establish regulations to limit pollution emissions. In a cap-and-trade system, the government sets a limit (or cap) on the total amount of pollution allowed in the market. It then issues a corresponding number of pollution permits that companies can buy and sell. This system encourages companies to reduce their pollution emissions by creating a market incentive.

By implementing such measures, the government ensures that companies internalize the cost of pollution and take actions to reduce it. This helps the market work towards achieving the socially optimal output by incentivizing firms to reduce pollution and minimize the negative externalities associated with chemical production.

Learn more about external marginal cost and private marginal cost here:

brainly.com/question/28319559

#SPJ11

The act of influencing others to accomplish an objective is typically seen in which of the following environments? a. Business environments b. Government environments c. Military environments d. All of the above Please select the best answer from the choices provided A B C D

Answers

The act of influencing others to accomplish an objective is typically seen in The best answer is d) All of the above.

What is the  act of influencing others

The act of influencing others to accomplish an objective can be observed in various environments, including business, government, and military settings. In each of these domains, leaders and individuals engage in influencing others to achieve specific goals or objectives.

Leadership and influence are essential components in these environments to drive action, motivate individuals, and coordinate efforts towards desired outcomes. Therefore, the act of influencing others is typically seen in all of the above environments: business, government, and military.

Reda more on  act of influencing others   herehttps://brainly.com/question/14996292

#SPJ1

what are market failures ​

Answers

Market failures refer to situations in which the allocation of goods, services, or resources in a market economy does not result in an efficient outcome.

What is a market failure ?

These failures stem from diverse factors that hinder the smooth functioning of the market mechanism. Externalities materialize when the actions of buyers or sellers unexpectedly impact third parties who are not directly involved in the transaction.

Public goods, which exhibit non-excludability and non-rivalrous consumption, pose challenges to private markets. Since individuals cannot be excluded from enjoying the benefits, and one person's consumption does not diminish availability to others, the private sector often fails to adequately provide public goods. Consequently, government intervention becomes necessary to ensure their provision.

Find out more on market failures at https://brainly.com/question/31414225

#SPJ1

Why do young workers, just starting their careers, tend to get pay raises that are greater than increases in the cost of living (inflation)?

Answers

Young workers who are just starting their careers often experience pay raises that are greater than increases in the cost of living due to several factors:

Skill acquisition: Young workers typically have limited experience and skills when they start their careers. As they gain knowledge, expertise, and proficiency in their roles, their value to employers increases. Employers recognize this growth and provide pay raises to retain and motivate these employees.

Career advancement: Young workers often have the potential for rapid career advancement. They may start in entry-level positions but have opportunities to climb the career ladder relatively quickly. With each promotion or job change, there is an expectation of increased responsibility and higher compensation.

Market demand for skills: Certain industries or professions may experience high demand for young workers with specific skills or qualifications. When there is a shortage of talent in a particular field, employers may offer higher pay to attract and retain young professionals.

Competitive job market: In a competitive job market, employers may need to offer higher wages to attract and retain young talent. With multiple job opportunities available, young workers have more leverage to negotiate better compensation packages.

Future potential and investment: Employers often view young workers as long-term investments. They recognize the potential for these individuals to become valuable assets to the company in the future. By offering higher pay raises, employers aim to motivate and retain young talent, fostering loyalty and commitment.

It's important to note that not all young workers experience pay raises greater than inflation. Economic conditions, industry-specific factors, and individual performance can influence the extent of pay raises. Additionally, pay raises that exceed inflation may be more prevalent for high-demand industries or specialized roles.

for more such questions on careers

https://brainly.com/question/26132832

#SPJ8

If you benefit from an action you've taken, that means it must have been unethical.
Responses

True
False

Answers

The statement "If you benefit from an action you've taken, that means it must have been unethical" is false.

The statement that if you benefit from an action you've taken, it must have been unethical is not necessarily true. Ethics refers to the principles of right and wrong conduct, and whether an action is considered ethical or not depends on various factors, such as the intention behind the action, the consequences it brings, and the ethical frameworks or standards used to evaluate it.

It is possible for an action to be both beneficial and ethical. Many actions that benefit individuals or society at large can also align with ethical principles. For example, donating money to a charitable organization can be both beneficial in terms of helping those in need and ethical in terms of promoting fairness, compassion, and social welfare.

On the other hand, it is also possible for actions that benefit someone to be unethical. For instance, if someone gains personal advantage by deceiving or harming others, their benefit would be unethical because it comes at the expense of others' well-being or violates ethical principles such as honesty, fairness, or respect for others.

In summary, the relationship between benefit and ethics is not a direct correlation. While it is possible for actions to be both beneficial and ethical, it is also possible for actions to be unethical even if they result in personal benefit. Ethical evaluations require considering a broader perspective and assessing the underlying principles and consequences of the action, rather than simply focusing on personal gain.

for more such questions on unethical

https://brainly.com/question/18453407

#SPJ8

Other Questions
Which of the following fables has a moral about taking advice from others? which of the following is not an example of scarcity? select the correct answer below: A. Due to lack of rain in San Diego, California, the amount of water for families is limited.B. Crude oil was in short supply in the 1970s, leading to a quantity demanded being greater than the quantity suppliedC. Amazon offered a wage higher than the minimum wage resulting in an influx of job applicationsD. Fresh water bass are on the decline due to disease 1.011 g of chromium and 0.467 g of oxygen. what is the percent by mass of chromium in this compound? cici uses a long extension cord to plug a lamp into a wall outlet in the next room. what effect will the extension cord have on the circuit? True/false: formal channels of communication are typically faster than the grapevine Find the indefinite integral. -6x 1 (x + 1) - x + 1 dx true or false: creating and implementing a financial action plan is the third step of the financial planning process. A tapeworm absorbing nutrients from the intestine of a dog would be described as 3 Let f(x, y) = x + y + 24x 2 3 + y2 + 24x2 18y2 1. List the saddle points A local minimum occurs at The value of the local minimum is A local maximum occurs at The value of the local maximum is coursera which type of cloud is the best choice for a start up compandy with no exisitng it infrastructure and limited funds? TRUE / FALSE. eai systems help address issues caused by isolated information systems PLEASE ANSWER QUICKLY, WILL MARK BRAILIEST!! Because of the Earth's rotation on its axis and revolution around the sun, it creates an uneven heating of the Earth. This creates a pattern of weather over the year. What are these patterns called?A: dayB: solutionsC: seasons when using cqi in healthcare engaging consumers needs to involve Find the first term and the common difference for the arithmetic sequence. Round approximations to the nearest hundredth. azo = 91, 861 = 296 O A. a, = 205, d = 5 B. a, = 205, d = - 4 OC. a = - 4, d = which statement is wrong about jovian planets? a jovian planets have larger size comparing to terrestrial planetsb.jovian planets have smaller density comparing to terrestrial planetscjovian planets have more moons comparing to terrestrial planetsdjovian planets have smaller mass comparing to terrestrial planets What were the major events leading to the establishment of the nation of Israel in 1948? Listen to the conversation between Elsa Samuel________ ir a la lavandera help pleaseFind a parametrization for the curve described below. the line segment with endpoints (1.-5) and (4, - 7) X = for Osts 1 for Osts 1 Market complexity is relevant to strategic sourcing because:a. It concerns risks in the marketplaceb. It asks you to look at the competitive landscape of the supply marketc. It is one step in the strategic sourcing processd. All of the abovee. Only a and b ____ testing is to show that there are no errors/bugs/defects in the software.