Answer: $0
Explanation: The total amount of an individual's Gross income which is taxed is called the taxable income. An individual's Adjustable Gross Income may include expenses such as charitable contribution, mortgage interest, medical and some other eligible expenditure which are are deducted in other to lessen the taxable income of such individual. Such deductions are called the Itemized deductions.
However, personal expenses DO NOT CONTRIBUTE to an individual's Itemized deduction and as such, MIKE HANSEN'S ITEMIZED DEDUCTION IS ZERO.
The $6000 incurred is classed under personal expenditure and is not deductible.
Answer:
$107.30
Explanation:
Overhead cost for Product B under Activity based costing is as follows:
For Activity 1:
= Estimated overhead cost × (Expected activity ÷ Total activity)
= $109,319 × (2,400 ÷ 4,900)
= $53,544
For Activity 2:
= Estimated overhead cost × (Expected activity ÷ Total activity)
= $135,033 × (2,200 ÷ 5,700)
= $52,118
Activity 3:
= Estimated overhead cost × (Expected activity ÷ Total activity)
= $143,990 × (1,180 ÷ 2,380)
= $71,390
Total Expense :
= $53,544 + $52,118 + $71,390
= $177,052
Overhead Per unit cost:
= Total Expense ÷ Annual production and sales of Product B
= $177,052 ÷ 1,650 units
= $107.30
Therefore, the overhead cost per unit of Product B is closest to $107.30.
Answer:
Modified rebuy.
Explanation:
The buyer in a modified rebuy wants to change product specifications, price, delivery requirements, or other terms. The out suppliers see this as an opportunity to propose a better offer to gain some business.
Characteristics:
-buyers feel they can make significant advances if they review their buying situation on a regular basis.
-often, changes in styles, materials or even alternative solutions facilitate this review.
-Another reason for modified rebuy is dissatisfaction with present suppliers.
-new supplier was able to find the present supplier´s weaknesses and offered buyers new alternatives to fix their problems.
Original Source Material
Student Version
Merck, in fact, epitomizes the ideological nature--the pragmatic idealism--of highly visionary companies. Our research showed that a fundamental element in the "ticking clock" of a visionary company is a core ideology--core values and a sense of purpose beyond just making money--that guides and inspires people throughout the organization and remains relatively fixed for long periods of time.
References:
Collins, J. C., & Porras, J. I. (2002). Built to last: Successful habits of visionary companies. New York, NY: Harper Paperbacks.
Several factors can contribute to long-term organizational success. One is the establishment of a core ideology that Collins and Porras (2002) describe as "core values and sense of purpose beyond just making money" (p. 48). Also, the importance of a visionary leader that guides and inspires people throughout the organization and remains relatively fixed for long periods of time is hard to over emphasize.
References:
Collins, J. C., & Porras, J. I. (2002). Built to last: Successful habits of visionary companies. New York, NY: Harper Paperbacks.
Which of the following is true for the Student Version above?
Word-for-Word plagiarism
Paraphrasing plagiarism
This is not plagiarism
This is not plagiarism.
Answer: Option 3.
<u>Explanation:</u>
Plagiarism in very simple words is the copying of the content of the document that has been written by some one else in to your own document. During this copying the due acknowledgement is also not given to the document from which it has been taken.
The document that has been talked about in the question above is not an example of plagiarism. The proof for this is the due acknowledgement given to the references from whose document the content has been taken into the document.
