Algorithmic) (LO. 3) McKenzie purchased qualifying equipment for his business that cost $267,100 in 2020. The taxable income of the business for the year is $120,000 before consideration of any § 179 deduction. If an amount is zero, enter "0". a. Calculate McKenzie's § 179 expense deduction for 2020 and any carryover to 2021. § 179 expense deduction for 2020: $ X X § 179 carryover to 2021: $ b. How would your answer change if McKenzie decided to use additional first-year (bonus) depreciation on the equipment instead of using § 179 expensing? Hint: See Concept Summary 8.3. § 179 expense deduction for 2020: $ 0 § 179 carryover to 2021: 0 Feedback ►Check My Work

Answers

Answer 1

a. To calculate McKenzie's § 179 expense deduction for 2020 and any carryover to 2021:Section 179 deduction is a tax deduction for small business that allows businesses to deduct up to $1,050,000 in a year in qualifying purchases from their income.

It helps the small businesses to recover the cost of their qualifying business equipment faster. Section 179 expense deduction for 2020 is $26,700§ 179 carryover to 2021 is $0.b. If McKenzie decided to use additional first-year (bonus) depreciation on the equipment instead of using § 179 expensing then: Bonus depreciation is an additional tax deduction on top of the existing depreciation that businesses can take in the year they purchase qualifying equipment.

It lets the business depreciate 100% of the cost of qualifying equipment in the first year itself, instead of over a period of years, as under the existing depreciation system.§ 179 expense deduction for 2020 is $0§ 179 carryover to 2021 is $0.

Know more about expense deduction:

https://brainly.com/question/32762358

#SPJ11


Related Questions

1) Summarize in your own words the various investment options: CDs, annuities, bonds, and stocks.

2) Why is it easier to use regression to predict the behavior of an index versus an individual stock?

3) How can you use an annuity to plan for retirement? Is this different from a 401(k) or an IRA?

Answers

Based on existing financial investment vehicles, the following is true:

1. CDs, Bonds, annuities, and stocks are all investment options that vary in various ways but can be used for earn returns.2. Regression is done on indexes because they are more predictable than stocks. 3. An annuity can be used to invest money over a sustained time period for use during retirement.

Investment options available

Certificate of Deposits are investment vehicles that a bank offers which pays a high rate of interest. The only drawback is that this money is not to be touched for a long period of time.

Annuities are like insurance products where a person pays a certain amount regularly. This will then grow at a certain rate of interest and pay out overtime.

Bonds are debt instruments issued by governments and companies which allows them to owe people. They will pay out a certain interest amount periodically until they pay off the entire bond.

Shares are ownership interests in companies that entitle the holder to a share of the profits. They usually make a profit through long term gain.

Using regression on Index

Regression is best used on an instrument that has predictable performances. Stocks can be highly volatile so regression can fail at predicting their behavior.

Indexes on the other hand are more predictable because they are diversified and risk is reduced thereby allowing regression methods to predict their movement more accurately.

Using an annuity to plan for retirement

You can pay a certain amount every period to an annuity vehicle such as life insurance. This will grow overtime until you retire and then pay out periodically as a form of income.

It is different from 401(k) and IRA because there are no limits to the amount you can invest, and there are no ownership limits which means you can own it with your life partner.

Find out more on IRA at https://brainly.com/question/10600625.

outline 2 advantages to H&H of using secondary market research​

Answers

Answer:

Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable

In the balance-of-payments identity: multiple choice net exports equals net capital outflow. net imports equals net capital outflow. net imports equals net capital inflow. net exports equals net capital inflow.

Answers

The correct answer to the multiple choice question is: net imports equals net capital inflow. Option C

The balance of payments (BoP) identity is an important concept in international economics that shows the relationship between a country's current account and its capital account.

The identity is expressed as follows: Current Account + Capital Account = 0.

One of the implications of the BoP identity is that net exports (exports minus imports) are equal to net capital outflow (capital exports minus capital imports).

This means that when a country runs a trade surplus (exports exceed imports), it must be exporting more capital than it is importing, in order to balance its current and capital accounts.

Conversely, when a country runs a trade deficit (imports exceed exports), it must be importing more capital than it is exporting.

When a country imports more goods and services than it exports, it needs to finance the difference by borrowing from other countries, which results in a net capital inflow.

This can take the form of foreign investment in the country, loans from foreign banks, or purchases of domestic assets by foreigners.

In contrast, when a country exports more than it imports, it generates a surplus of foreign exchange, which it can use to invest in other countries or repay its external debt, resulting in a net capital outflow.

Overall, the BoP identity provides a framework for understanding how a country's international trade and financial transactions are interrelated and how they affect its balance of payments. So Option C is correct.

For more questions on imports visit:

https://brainly.com/question/29835505

#SPJ11

explain the reasons why socio economic issues pose challenges to businesses ​

Answers

Answer:

Some of the factors and their connection to businesses: Interest Rates. Interest rates are everywhere, and are imposed by many different people. ... Genetics.

Flint Construction Ltd. prepares its reports using IFRS. The following information relates to its shareholders' equity on January 1 , 2023 , the first day of its fiscal year. During the year, there were the following transactions related to shares. 1. On May 15,2023 , Flint purchased equipment in exchange for 92,000 common shares with a market value of $3.15 per share. The fair value of the equipment was $303,680. 2. On June 1, 2023, Flint's board of directors declared the semi-annual dividend to the preferred shareholders of record on June 15 , payable June 30. 3. The semi-annual dividend to the preferred shareholders is paid on the appropriate date. During the year, there were the following transactions related to shares. 1. On May 15, 2023, Flint purchased equipment in exchange for 92,000 common shares with a market value of $3.15 per share. The fair value of the equipment was $303,680. 2. On June 1, 2023, Flint's board of directors declared the semi-annual dividend to the preferred shareholders of record on June 15 , payable June 30. 3. The semi-annual dividend to the preferred shareholders is paid on the appropriate date. 4. On September 16,2023 , reacquired 46,000 common shares for $157,000 cash. 5. On December 15, 2023, Flint's board of directors declared the second semi-annual dividend to the preferred shareholders and a 10% stock dividend to the common shareholders for shareh 31 , 2023 payable January 20,2024 . The market price of the common shares at December 15,2023 was $4 per share. 6. Reported comprehensive income of $1,460,000 for the year, consisting of $1,460,000 of profit and $0 other comprehensive income. Prepare a schedule showing all transactions for common shares and the calculation of the average per share amount. (Round average cost to 2 decimal places, e.g. \$52.75.)

Answers

Without the necessary information regarding the total number of common shares outstanding at the beginning of the year, it is not possible to calculate the average per share amount for Flint Construction Ltd.

To prepare the schedule showing all transactions for common shares and calculate the average per share amount, we need to analyze the given information. Below is a summary of the transactions related to common shares:

On May 15, 2023, Flint purchased equipment in exchange for 92,000 common shares with a market value of $3.15 per share. The fair value of the equipment was $303,680.

On September 16, 2023, Flint reacquired 46,000 common shares for $157,000 cash.

On December 15, 2023, Flint's board of directors declared a 10% stock dividend to the common shareholders. The market price of the common shares on that date was $4 per share.

To calculate the average per share amount, we need to consider the total number of common shares outstanding at the beginning of the year, the additional shares issued for the equipment purchase, the shares repurchased, and the shares issued for the stock dividend. By dividing the total amount invested by the total number of shares, we can determine the average per share amount.

Unfortunately, the specific information regarding the total number of common shares outstanding at the beginning of the year and any additional details necessary for the calculation is not provided in the question. Without this information, it is not possible to provide an accurate calculation of the average per share amount.

Know more about Construction here :

https://brainly.com/question/33434682

#SPJ11

What is the primary factor that will prevent companies from growing in the next decade?
A) increased government regulations
B) the inability to attract and retain employees
C) caps on executive pay in some organizations
D) increased global competition

Answers

The primary factor that will prevent companies from growing in the next decade is increased global competition.

While increased government regulations, the inability to attract and retain employees, and caps on executive pay in some organizations may all present challenges for companies, global competition is likely to have the greatest impact on a company's ability to grow and thrive in the coming years. As more and more companies compete for customers and resources on a global scale, businesses will need to be innovative, agile, and responsive in order to stay ahead of the curve and continue to grow.

Learn more about the global competition here:

brainly.com/question/30561488

#SPJ11

Emily is deciding whether to buy the same designer jacket her friends have. The jacket is much more expensive than a similar one from a lesser-known brand.

Which questions should she consider before she buys the jacket? Check all that apply.

Is advertising influencing her?
What are her motivations?
Has she compared prices?
Is she buying at the right time?
Will her sister like the jacket too?

Answers

Answer: Is advertising influencing her?

What are her motivations?

Has she compared prices?

Is she buying at the right time?

Explanation:

The questions that she should consider before she buys the jacket include:

• Is advertising influencing her?

• What are her motivations?

• Has she compared prices?

• Is she buying at the right time?

Before buying the jacket, the question "Will her sister like the jacket too?" shouldn't be considered as she is looking to satisfy her own needs and not that if her sister and in this case, he sister shouldn't have an impact on her buying decision.

Answer:

A, B, C, D

Explanation:

edge2021

The cost of campaigning requires candidates to conduct extensive
activities.
O community service
O fund-raising
O illegal
O campaigning

Answers

Answer:

fund-raising

Explanation:

Running for a political office is an expensive affair. The candidate and political party require a lot of money to run a successful campaign. To raise funds needed to conduct campaigns, political parties and candidates organize fundraising activities and events.

Community service and campaigning are good platforms to woe voters but cannot generate funds to run for a political office.

Which of these would be most likely to be included in CPI

Answers

Answer:

Frozen Pizzas

Explanation:

Info from the video:

"To calculate this index, the US Bureau of Labor Statistics uses a predetermined fixed basket of goods and services and averaging them together. The goods and services in this basket are developed from a survey of expenditures provided by individuals and families in a typical urban household."

Frozen pizza is an expenditure that could be bought by individuals and families in a household.

Which term refers to a market entry strategy involving two or more firms creating a new entity, allowing the partners to pool their resources for common goals?

Answers

The term that refers to a market entry strategy involving two or more firms creating a new entity is called a joint venture. In a joint venture, the partnering companies come together to form a separate entity that allows them to combine their resources, expertise, and market presence for common goals and objectives.

A joint venture can be advantageous for several reasons. First, it enables the partners to pool their financial, technological, and human resources, which can lead to increased efficiency and cost savings. Second, it allows the partners to leverage each other's expertise and knowledge, which can result in improved innovation and competitiveness. Lastly, a joint venture can provide access to new markets or distribution channels that may have been difficult to enter individually.

For example, let's say two automobile manufacturers decide to form a joint venture to develop and produce electric vehicles. By combining their resources and expertise, they can share the costs of research and development, manufacturing facilities, and marketing efforts. This collaboration can lead to the creation of high-quality electric vehicles and a stronger market presence in the electric vehicle industry.

In summary, a joint venture is a market entry strategy where multiple firms create a new entity to pool their resources for common goals and objectives. It offers various benefits, such as cost savings, improved innovation, and expanded market access.

Learn more about market entry strategy

https://brainly.com/question/32622033

#SPJ11

Pick the example that best defines arrogance.
Jason, Denise, Danny, and Rob are new recruits in a company. They are each assigned to a team, though their managers observe certain undesirable qualities that each of them have. Jason is a bad listener and does not pay attention during meetings. Denise does not share new information with the rest of the team. She does not work well within the team. Danny manipulates his productivity sheets to make him look competent. He got caught on a few occasions trying to leave work early and clocking in full-time. Rob thinks he is always correct and shows an amplified sense of confidence.

Answers

The best example of arrogance is Rob, who thinks he is always correct and shows an amplified sense of confidence. His behavior demonstrates a lack of humility and an unwillingness to learn from those around him.

What is confidence?

Confidence is a feeling of self-assurance and certainty about one's abilities, qualities, and judgement. It is the belief that one is capable of achieving success and handling difficult situations. It is a positive attitude that can be developed with practice and by believing in oneself. Confidence is also about being comfortable in one's own skin, trusting one's decisions and opinions, and feeling secure in one's own abilities and strengths. Having confidence can help individuals take risks and take on challenges, as well as help them receive feedback and criticism in a constructive manner. Confidence can help individuals overcome fear, build relationships, and take on leadership roles. Developing confidence requires self-awareness and self-love, which can be achieved by setting goals, developing a growth mindset, and practicing self-care. Confidence is an important factor in achieving success, and is a skill that can be nurtured and developed with practice.

To learn more about confidence

https://brainly.com/question/30116699

#SPJ1

If during the fiscal year, the federal government takes in $3 trillion in taxes, but
spends $4 trillion, the government will have run what is called

Answers

Answer:

A fiscal deficit

Explanation:

A fiscal deficit is a condition where the government expenditures exceed its income. It is when the total budgeted expenditure estimates are more than the projected government's income.  A government that budget deficits year after year is living beyond its means.

The actual fiscal deficit can be calculated by subtracting the expenditure from the projected income. In this case, the government fiscal deficit will be $1 trillion.

ECONOMICS CHAPTER 2 SECTION 3

explain the relationship between the terms in each of these pairs
A. Private property rights and market
B. laissez-faire and capitalism
C. Specialization and profit
D. Factor market and product market

ECONOMICS CHAPTER 2 SECTION 3

Answers

Private property rights  and market is  in which people buy and sell resources or goods and services.

Private property rights are the rights of individuals and groups to own property and the market is any place or situation in which people buy and sell resources and goods and services.

Laissez-faire and capitalism-The relation-ship between laissez-faire and capitalism is laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention.

Specialization and profit- The relation-ship between specialization and profit is the companies specialize in making one product or one component of a product, if this product will make at large scale, companies reduces it's cost to earn profit.

Factor market and product market-  The relation-ship between Factor market and product market is the factor market is running by the demand of product market. The product market is sold their goods and services with the demand of factor market to production these goods and services.

To know more about private property rights here,

https://brainly.com/question/23031296

#SPJ1

Should I start my final exam? im kinda scared ill get a bad grade lol. anyways, I hope everyone is doing great. ​

Answers

Answer:

do it lol putting more words because its requireddddd

Answer:Yes you should and dont be scared just try your hardest. Also i am doing great what about you ?

Explanation:

6. Outline 4 circumstances under which some human wants canbe fully satisfied​

Answers

Generally, the human wants can never be fully satisfied because its requires more resources whereas the resources are limited.

What is a human wants?

This refers to the desires, aspirations and motives of humans that can be satisfied with goods and services.

For instance, the yearning for food, shelter, clothing are example of an economic human wants.

It is also accepted that the human wants are never truly satisfied because they are endless, even though these wants can be temporarily satisfy, they will always reoccur.

Therefore, the human wants can never be fully satisfied.​

Read more about human wants

brainly.com/question/20876118

#SPJ1

Industries X and Y both have four-firm concentration ratios of 90 percent, but the Herfindahl index for X is 7,814, while that for Y is 8,206. These data suggest Multiple Choice greater market power in X than in Y. greater market power in Y than in X. O that X is more technologically progressive than Y. that price competition is stronger in Y than in X.

Answers

The given concentration ratios and Herfindahl index of Industries X and Y suggest greater market power in Y than in X.

The Herfindahl index is a market concentration metric that calculates the market concentration of a group of suppliers. It is the sum of the squares of the percentage market shares of all the firms that operate in a particular industry. It ranges from 0 to 10,000, with higher values indicating greater concentration.

A four-firm concentration ratio is a ratio that calculates the market share of the four largest firms in an industry. In other words, the percentage of total market share that is controlled by the four biggest firms is the four-firm concentration ratio (CR4).

The data provided for Industries X and Y suggests that both have a 90% four-firm concentration ratio. However, the Herfindahl index is 7,814 for Industry X and 8,206 for Industry Y.

A higher Herfindahl index indicates a greater concentration of market power among fewer companies. Therefore, the higher Herfindahl index of Industry Y suggests greater market power in Y than in X.

Therefore, the correct option is "greater market power in Y than in X."

To learn more about concentration, refer below:

https://brainly.com/question/3045247

#SPJ11

What is the relationship between insurance and successful financial management? 1. Why is insurance important? 2. Consider your home and possessions. What types of risks do you face? What insurance would you recommend to someone in a similar location? 3. What are personal, property, and liability risks? What are examples of personal, property, and liability risk? 4. Why is estate planning important? 5. What is the principle of indemnity? Why is this principle important?

Answers

Answer:

insurance is important in that it helps you indemnity the losses occured after the risk occurrence

Explanation:

insurance ensures that you are covered from all period and hazards

1. What is the relationship between insurance and successful financial management? Why is insurance important?

The relationship between insurance and successful financial management is important because while successful financial management helps with unexpected situations requiring emergency planning, insurance is a contract made to ensure that your assets are protected and damage paid for if that event occurs.

2. Consider your home and possessions. What types of risks do you face? What insurance would you recommend to someone in a similar location?

You could be risked by fires, high winds, hail, and lightning damage to protect your possessions you would need Homeowners insurance. To be protected from natural disasters you may need additional coverage (if natural disasters occur often).

3. What are personal, property, and liability risks? What are examples of personal, property, and liability risk?

Some personal, property, and liability risks would be poor health and old age, having your property damaged, and being responsible for something that happens that could lead to a lawsuit.

4. Why is estate planning important?

Estate planning can be important because estate planning is about protecting your loved ones, transferring your assets to heirs.

5. What is the principle of indemnity? Why is this principle important?

The principle of indemnity is compensation, ensuring that you will not lose any finances.

Market failure associated with the free-rider problem is a result of.

Answers

Market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.

What is market failure?

Market failure refers to a situation when there's an inefficient distribution of resources in the market.

Market failure occurs when the free market does not distribute resources efficiently. This leads to rational outcomes for the group as a whole.

Hence, market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.

Learn more about market failure here : https://brainly.com/question/368647

Please help. Atleast the top 2

Please help. Atleast the top 2

Answers

Answer:

Number 1 is Pure Market. Number two is socialist, I'm pretty sure.

Explanation:

Please mark me brainliest if someone else answers :>

persephone has a regular tax liability of $13,875 and a tentative minimum tax of $11,640. given just this information, what is her alternative minimum tax liability for the year?

Answers

Alternative minimum tax liability for the year is $0.

Tax liability is the total amount of tax that people and organizations owe to the federal, state, and local governments in a given time frame. Tax liabilities are short-term obligations for businesses that are listed on a balance sheet and paid off within a year.

What is tax liability?Your taxable income is used to determine your tax liability. Tax Due is the amount of taxes you still owe after deducting withholdings, estimated payments, tax credits, etc.Tax liability is the total amount of tax that people and organizations owe to the federal, state, and local governments in a given time frame. Tax liabilities are short-term obligations for businesses that are listed on a balance sheet and paid off within a year.Tax liability is the total amount of taxes that a person, business, or other entity owes to the government. Tax liabilities include sales taxes, capital gains taxes, and income taxes.

To learn more about :  Tax liability

Ref : https://brainly.com/question/26410519

#SPJ4

The introduction of automatic elevator equipment allowed firms to handle the movement of people in a multistory building at less cost, thus decreasing the demand for elevator operators. The best explanation for this change is that the Multiple Choice marginal product of elevator operators was equal to its price. marginal product of automatic elevator equipment was equal to its price. marginal product of automatic elevator equipment divided by its price was greater than that for elevator operators. marginal product of elevator operators divided by its price was greater than that for automatic elevator equipment.

Answers

Answer:

The marginal product of automatic elevator equipment divided by its price was greater than that for elevator operators

Explanation:

Since in the question, it is mentioned that the automatic elevator introduction permit the firms to handle the movement of the people at least cost also it declines the demand for the operators of the elevator

This represents that the marginal product of elevator equipment would be divided by price and also it is more than for operators who are dealing in elevators

The production function gets flatter, while the total cost curve gets steeper due to the fact that Group of answer choices at lower levels of production firms require more inputs to increase production by the same amount as compared to higher levels of production. at higher levels of production firms require more inputs to increase production by the same amount as compared to lower levels of production. at higher levels of production firms require less inputs to increase production by the same amount as compared to lower levels of production.

Answers

The production function gets flatter, while the total cost curve gets steeper due to the fact that C. at higher levels of production firms require less inputs to increase production by the same amount as compared to lower levels of production.

The production function shows the relationship that exists between the inputs and the outputs during the production of a product.

It should be noted that diminishing marginal product is vital for explaining why the increase in the output of a firm results in the production function getting flatter. Also, the total curve becomes steeper.

Therefore, at higher levels of production, firms require fewer inputs to increase production by the same amount.

Read related link on:

https://brainly.com/question/25162387

True/False
According to the utilitarian approach of ethics, the moral worth
of actions or practices is determined by their consequences.

Answers

The statement "According to the utilitarian approach of ethics, the moral worth of actions or practices is determined by their consequences." is True.

According to the utilitarian approach of ethics, the moral worth of actions or practices is indeed determined by their consequences. Utilitarianism is a consequentialist ethical theory that focuses on maximizing overall happiness or utility for the greatest number of people. It places emphasis on the outcomes or consequences of actions as the primary basis for determining their morality.

In utilitarian ethics, an action is considered morally right if it leads to the greatest overall happiness or well-being and minimizes suffering. The ethical decision-making process involves assessing the potential consequences of different choices and selecting the one that maximizes the net positive outcomes.

Utilitarianism promotes the idea of acting for the greater good and making decisions that bring about the most favorable consequences for the majority, even if it may involve sacrificing certain individual interests or rights. It suggests that the moral worth of an action lies in its ability to produce the greatest overall happiness or utility.

However, it's important to note that utilitarianism has been subject to various critiques and debates, such as challenges related to quantifying happiness or reconciling conflicting values. Ethical frameworks differ, and alternative approaches may prioritize different factors beyond just consequences, such as principles or rights. Nevertheless, within the utilitarian approach, the moral worth of actions is indeed determined by their consequences.

To learn more about utilitarian approach refer here:
https://brainly.com/question/27839908

#SPJ11

if sun cosmetics were to use both coupons and sweepstakes in promoting after-sun aloe, it would be using a(n) promotion. question 46 options: a) overlay b) intracompany tie-in c) intercompany tie-in d) cooperative

Answers

If Sun Cosmetics were to use both coupons and sweepstakes in promoting after-sun aloe, it would be using a cooperative promotion. Option D.

A cooperative promotion is a promotional strategy where two or more companies work together to create a joint marketing campaign to promote a product or service. In this case, Sun Cosmetics could partner with another company that offers complementary products, such as beach towels or sunglasses, to create a joint promotional campaign that offers both a discount coupon for after-sun aloe and an opportunity to enter a sweepstake for a prize package that includes the aloe product and the complementary product.

The cooperative promotion approach can be effective as it allows companies to pool their resources and reach a wider audience. By partnering with another company, Sun Cosmetics can tap into their customer base and potentially attract new customers who may not have been aware of their after-sun aloe product before.

Additionally, the added value of the sweepstake prize package can entice customers to participate and potentially generate more sales for Sun Cosmetics. Overall, a cooperative promotion approach can be a win-win situation for both companies involved as they can benefit from each other's strengths and increase their market reach. Option D.

For more such questions on sweepstakes

https://brainly.com/question/29897909

#SPJ11

can someone help me with this please.

Answers

There’s no image I think u forgot to insert it

Answer:

sure

Explanation:

no image

. A quadratic polynomial whose one zero is 6 and the sum of the zeroes is 0, is x*2-6


True

False

pls tell fast ​

Answers

Answer:

False

Explanation:

From the question, we can see that a quadratic polynomial is made up of two elements or variables called zeros in this question

From the question, we are told that one variable (zero) = 6

The second variable (zero) = unknown , therefore we can represent the second variable as Y

We are told that the sum of the variables = 0

This means:

6 + Y = 0

Therefore, Y = 0 - 6

Y = -6.

The second variable ( zero) = - 6

Since it is a quadratic polynomial,

The roots of the polynomials are the variables 6 and -6

Hence, we have:

(x + 6) (x - 6) = 0

Expanding the brackets

x² - 6x + 6x - 36 = 0

= x² - 36 = 0

Therefore, a quadratic polynomial whose one zero is 6 and sum of the zero is 0 is x² - 36 = 0

This means the statement made in the question above "A quadratic polynomial whose one zero is 6 and sum of the zero is 0 is x²-6" is false

How does your state’s on-time payment record compare to the national rate?

Answers

It should be noted that my state’s on-time payment record is high compare to the national rate.

What is a credit score?

A credit score serves as a numerical expression based on a level analysis of a person's credit files.

This is a term that to represent the creditworthiness of an individual after his account has been checked.

learn more about credit score at;

https://brainly.com/question/11421834

This is a receipt for a purchase made at a restaurant in
Sacramento, California.
The total cost of the food and drinks before taxes was
The buyer paid vin sales tax.
Based on the receipt, Sacramento has a sales tax rate
of

Answers

Answer:

10.00 , .85 , 8.5

Explanation:

Answer:

This is a receipt for a purchase made at a restaurant in Sacramento, California.

The total cost of the food and drinks before taxes was

✔ $10.00

.

The buyer paid

✔ $0.85

in sales tax.

Based on the receipt, Sacramento has a sales tax rate of

✔ 8.5%

.

Let's assume you know the following: U=x0.6y0.4 (a) Define the marginal rate of substitution. (b) As a function of prices and income, solve for the optimal bundle for each good. (c) Assume the price of x is currently $5, the price of y is currently $8, and the average consumer income is $100. Calculate their bundles. (d) Now, assume the price of y drops to $4. Calculate their new bundles. (e) Calculate the decomposition bundle. (f) Calculate the substitution effect, income effect, and total effect.

Answers

(a) Marginal rate of substitution (MRS) refers to the ratio of the magnitude of the marginal utility of two different goods, which a consumer would tradeoff to consume an extra unit of any one of the goods.  

(b) Assuming x to be good 1, and y to be good 2, solving for the optimal bundle for each good can be done using the given utility function and budget constraint.

(c) The initial budget constraint for the consumer is 5x + 8y = 100, and their optimal bundle consists of 28.8 units of x and 12.6 units of y.

(d) After the price of y drops to $4, the new optimal bundle for the consumer is 38 units of x and 12.5 units of y.

(e) The decomposition bundle refers to the hypothetical bundle of the consumer if they were to spend all their income on one good only. In this case, the decomposition bundle for good x is 20 units, while for good y, it is 12.5 units.

(f) The substitution effect amounts to the change in the quantity demanded of good 1 as a result of the relative price change of good 1 to good 2, while the income effect amounts to the change in the quantity demanded of good 1 as a result of the change in the purchasing power of the consumer.

The total effect represents the sum of both the substitution and income effects.The consumer's optimal bundle is given by the Lagrangian as L = x0.6y0.4 - λ (5x + 8y - 100)

Taking the derivative with respect to x, y, and λ, setting them equal to zero, and solving, we get the following optimal bundle (x*, y*) = (28.8, 12.6).

The new budget constraint after the price drop is 5x + 4y = 100.

Solving for the optimal bundle, we get (x*, y*) = (38, 12.5).

The decomposition bundle for good x is 20 units, while for good y, it is 12.5 units.

The substitution effect is 9.2 units of x, while the income effect is -1.6 units of x. Thus, the total effect is 7.6 units of x.

To know more about Marginal rate of substitution click on below link:

https://brainly.com/question/30763866#

#SPJ11

Jan's Jams makes a credit sale for $300 with terms of 2/10,n/30. The cost of the merchandise is $200. The required journal entry to record the sale and the cost of the sale is: _________
a) debit Accounts Receivable $200; credit Sales $200;
b) debit Cost of Goods Sold $300; and credit Merchandise Inventory $300
c) debit Accounts Receivable $300; credit Sales $300;
d) debit Cost of Goods Sold $200; and credit Merchandise Inventory $200
e) debit Sales $300 and credit Cost of Goods Sold $300
f) debit Accounts Payable $300; and credit Sales $300

Answers

Answer: debt Accounts receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory $200

Explanation: see attachment for more help

Jan's Jams makes a credit sale for $300 with terms of 2/10,n/30. The cost of the merchandise is $200.

The correct options are C and D respectively. The required journal entry to record the sale and the cost of the sale is debit Accounts Receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory $200.

What is the difference between accounts payable and accounts receivable?

The terms "accounts payable" and "accounts receivable" refer to the same thing. Accounts receivables represent the money that customers owe your company, as opposed to Accounts Payables, which represent the money that your company owes to suppliers.

An's Jams makes a credit sale for $300 with terms of 2/10,n/30. The cost of the merchandise is $200. The following are required journal entries to pass debit Accounts Receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory.

Thus, the proper answers are C and D, respectively.

Learn more about accounts payable and accounts receivable here:

https://brainly.com/question/14524931

#SPJ2

Other Questions
Whats the an and the a10 Which Statement about feudalism in Japan is an opinion rather than a fact (1) Determine if given expression is a function. If so, find out if it is one to one, onto or bijection. (a) Given f : Z Z+, f(x) = |x - 2| + 1(b) Given f : Z Z+ , f(x) = -3x +2. (c) Given f: R R, f(x) = x^2 2x +1. what can you conclude about the colors that your eyes can perceive and the energy absorved by the colored solutions? use your knowledge of the wavelength measurements for each color and the energy calculations to back up your statements. which of the following are changes in accounting estimates? (select all that apply.) multiple select question. adoption of a new fasb standard. change in inventory costing method. change in useful life of a depreciable asset. change in estimate of periods benefited by intangible asset. Which compound in each of the following pairs of ionic substances has the most exothermic lattice energy? Suppose a parabola has vertex (-3, 7) and also passes through the point (-2, 11). Write the equation of the parabola in vertex form. A loan that is backed by collateral is __________. A. Secured B. High interest C. Unsecured D. Interest free. 1.502 x 10 of the power of 6 ??? a light bulb connected to a battery is interrupted by a substance, which when dissolved has a molar smth of 1.0, all these substances work except for I WILL GIVE YOU BRAINLIEST AND 500 POINTS! Nevaeh has a points card for a movie theater.She receives 30 rewards points just for signing up.She earns 12.5 points for each visit to the movie theater.She needs at least 135 points for a free movie ticket.Write and solve an inequality which can be used to determine vv, the number of visits Nevaeh can make to earn her first free movie ticket. subtracting 1 from the product of 5 and x gives the same value as adding 10 to the product of 3 and x. record your answers pls help Hellllppp me pls?!?! Im so confused Given a line with slope m = 0 and a point (5,-2). What's the m-coordinate of the Y- intercept Judy has $22 and is saving $6 per week. Ida has $172 and is spending $4 per week. After how many a. Write an equation for Judy and another on for Ida using x for the number of weeks and y for the he equal values method to solve the following problems. weeks will each have the same amount of money? amount of money they each have after x weeks. What is the difference between county and local government? Read this excerpt from Act I, Scene iv, in which Romeo is talking about going to the Capulets party. Then, choose the best answer for each question.What is being foreshadowed here?How does foreshadowing connect to the plot and the central conflict? What is the VI relationship in capacitor? eory.According to cell theory, which of the following aremade of cells? Check all that apply.O flowersrocksbloodwaterbacteriasugarskinRETRY yoo whts some unique would u rathers.. i need something to debate wit someone abt hahah *NO BULLYING IN THE COMMENTS*