Aubrey is interested in signing up for a cake decorating club at her school. She thinks she might be a pastry chef one day. Is signing up for the club a wise use of her time?
A.
Only if attending the club will earn her a certificate that she can show to potential employers.
B.
Maybe, if Aubrey can be reasonably sure that she can start to use her new skills right away to make money.
C.
No. Culinary schools look at students’ grades, so Aubrey should spend as much time as possible improving those.
D.
Yes. She can learn valuable skills and maybe make some connections to people in the culinary industry.
Answers
Answer:
D.
Explanation:
Yes. She can learn valuable skills and maybe make some connections to people in the culinary industry. She can also gain personal experience and decide if it is something she would want to advance in more in the future.
Related Questions
Suppose that the demand and suppig equations of a consumer are given by: dd 150-sop Qu = 60+40p A, Show graphically and co-pute the consumer surplus? B. show graphically and compute the change in consumer-surpius Lohen the price changes to 2 ?
Answers
The change in CS when the price increases from $30 to $32 are $22.
Suppose that the demand and supply equations of a consumer are given by:Qd = 150 - 5P and Qs = 60 + 4P, respectively.
Graphical representation of consumer surplus and change in consumer surplus us consider the graph of the given demand and supply equations below: Graph of the given demand and supply equationsWe can observe from the graph above that the equilibrium price is $20 and the equilibrium quantity is 70.
The consumer surplus (CS) can be calculated as the difference between the maximum price that the consumer is willing to pay and the actual price paid.
Suppose that the consumer purchases 40 units of the commodity at a price of $30 per unit.
The CS can be calculated as follows: Maximum price that the consumer is willing to pay is calculated as the difference between the intercept of the demand curve on the vertical axis and the price for the quantity demanded of 40 units as follows: Maximum price = $150 - 5(40) = $-50
This is because the maximum price that the consumer is willing to pay cannot be negative, hence, we conclude that the consumer surplus for a price of $30 is zero.
If the price increases to $32, the consumer will reduce the quantity demanded to 38. The change in consumer surplus is calculated as the difference between the initial and new CS as follows: Initial CS = 0New CS = (150 - 5(38)) - (32)(38) = $22
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Credit cards and charge cards differ in two important ways.one is the method of payment.what is the other difference
Answers
While credit cards and charge cards may seem similar on the surface, there are important differences in their method of payment, impact on credit scores, and rewards programs
Credit cards allow users to carry a balance from month to month, while charge cards require the balance to be paid off in full each month.
The second difference between credit cards and charge cards is the way in which they impact credit scores. Credit cards are reported to credit bureaus and can have a positive or negative impact on a user's credit score depending on their payment history and credit utilization.
Charge cards, on the other hand, are not reported to credit bureaus in the same way that credit cards are. Instead, they are typically only reported if the user fails to pay the balance in full each month, which can negatively impact their credit score.
Another important distinction between credit cards and charge cards is the types of rewards and benefits they offer. Many credit cards offer rewards programs, such as cash back, airline miles, or points for purchases. Charge cards may offer similar benefits, but typically have higher annual fees and stricter requirements for eligibility.
In conclusion, It's important for users to carefully consider their needs and financial situation before choosing between the two.
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urendra’s personal residence originally cost $340,000 (ignoring the value of the land). After living in the house for five years, he converts it to rental property. At the date of conversion, the fair market value of the house is $320,000. As to the rental property, calculate Surendra’s basis for: Loss. Depreciation. Gain. Could Surendra have obtained better tax results if he had sold his personal residence for $320,000 and then purchased another house for $320,000 to hold as rental property? Explain. Summarize your answer to this problem in an e-mail to your instructor.
Answers
Answer:
a. Loss
When a property is converted from being for personal use to being for business use, the basis for loss is the lower of the basis after it is adjusted for its new purpose or; the fair market value.
Adjusted = $340,000
Fair market value = $320,000
Loss basis will therefore be the lower value of $320,000
b. Depreciation:
Again, when a situation arises that a personal use property is converted to business, the depreciation is the same as the loss basis. This is the same as the loss basis because the residence was converted from personal use to business use.
= $320,000
c. Gain
= Adjusted basis of the property
= $340,000
d. No.
Capital loss on personal property sales is recognized for deduction so Surendra would have incurred a loss of $20,000 had he sold the residence. He would not have obtained better tax results if he had sold the residence.
Complete the following table by indicating whether or not each scenario is an example of price discrimination.
Hint: In order to determine if a scenario is an example of price discrimination, think about if the market can be segmented into two groups that pay different prices for the same good.
Scenario
Price Discrimination
Yes
No
Last-minute "rush" tickets can be purchased for most Broadway theater shows at a discounted price. They are typically distributed via lottery or on a first-come, first-served basis a few hours before the show. Assume that the theater in question does not hold seats in reserve for this purpose, but rather offers rush tickets only for seats not sold before the day of the performance. A local boutique is having a sale on sweaters, but customers are not aware of the sale until they are already in the store. In other words, there is no advertising of the sale other than signs in the back of the store that cannot be seen from the outside. All sweaters are marked as 55% off.
Answers
Answer:
a. Yes
b. No
Explanation:
Price discrimination refers that selling the products the same product to different customers at different prices so that they can increase their sales and profits.
A. According to the given situation, the correct answer is yes as the discounted tickets are awarded on the basis of lottery or first come on the basis of first served.
b. Now, according to the second situation, the correct answer is no as it is not an advertising item as is it within the store and has no information outside the store.
How does low unemployment affect international trade?
Answers
Answer:
Impact of international trade on unemployment
In a relatively skill-abundant country, international trade increases the relative price of the skill-intensive products. This reduces the unemployment rate of skilled workers and increases the unemployment rate of unskilled workers.
Explanation:
Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company’s processing departments:
Units in beginning inventory 400
Units started into production 3,000
Units in ending inventory 300
Units transferred to the next department 3,100
Materials Conversion
Percentage completion of beginning inventory 80 % 40 %
Percentage completion of ending inventory 70 % 60 %
The cost of beginning inventory according to the company’s costing system was $11,040 of which $8,120 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $132,730. The costs per equivalent unit for the month were:
Materials Conversion
Cost per equivalent unit $ 25.40 $ 18.20
1. Compute the total cost per equivalent unit for the month.
2. Compute the equivalent units of material and conversion in the ending inventory.
3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory.
4. Compute the number of units started and completed during the month.
5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month.
6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month.
Answers
1. Total cost per equivalent unit $43.60
2. Equivalent unit in ending inventory 210; 180
3. Equivalent unit in beginning inventory 320; 160
4. Cost of unit started and completed 2,700
5. Cost of ending WIP $5,334 $3,276
Total $8,612
6. Cost of the units transferred to the next department $84,828 $54,972
Total $139,800
1. Computation the total cost per equivalent unit for the month.
Total cost per equivalent unit =$ 25.40 +$ 18.20
Total cost per equivalent unit=$43.60
2. Computation for the equivalent units of material and conversion in the ending inventory.
Material Conversion
Equivalent unit in ending inventory
300×70% = 210 300×60% = 180
3) Computation for the equivalent units of material and conversion that were required to complete the beginning inventory.
Material Conversion
Equivalent unit in beginning inventory 400×80% =320 400×40% = 160
4) Computation for the number of units started and completed during the month.
Cost of unit started and completed = 3,100-420
Cost of unit started and completed= 2,700
5. Computation for the cost of ending work in process inventory for materials, conversion, and in total for the month.
Material Conversion
Cost of ending WIP
210×$25.40=5,334 180×18.20=3,276
Total =5,334+3,276
Total=$8,612
6. Computation the cost of the units transferred to the next department for materials, conversion, and in total for the month.
Material Conversion
Cost of ending WIP (3,020×$25.40+$8,120) (2,860×$18.20+$2,920)
Cost of ending WIP $84,828 $54,972
Total=$84,828 +$54,972
Total=$139,800
(2700+320=3,020)
(2,700+160=2,860)
($11,040-$8,120=$2,920)
OR
Cost of units transferred out
Material Conversion
Cost of beginning work in progress 8,120+ 2,920
Total=11,040
Cost incurred on remaining work in progress =(320×$25.40) + (160×$18.20)
Total =8,128+2,912
Total =$11,040
Cost of unit started and completed during the month=(2,700×$25.40) (2,700×$18.20)
Total=68,580+49,140
Total=117,720
Cost of the units transferred to the next department =$11,040+$11,040+117,720
Cost of the units transferred to the next department =$139,800
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Your uncle Abdallah is celebrating his 33th birthday today and wants to start saving for his retirement at the age of 63. He wants to be able to withdraw AED 100,000 from his saving account on each birthday for 20 years following his retirement. The first withdraw will be on his 64th birthday. Your uncle intends to invest his money in a local bank in Abu Dhabi that offers 7% interest rate per year. He wants to make equal payments on each birthday into the account established in the local bank for his retirement fund.
1. If your uncle starts making these deposits on his 33th birthday and continues to make deposits until he is 63, what amount must he deposit annually to be able to make the desired withdrawals at retirement?
2. If your uncle has just inherited a large sum of money, so instead of making equal payments, he has decided to pay one lump sum payment on his 33th birthday to cover his retirement needs. What amount does he have to deposit?
3. If your uncle’s employer informs your uncle that he will contribute AED 1,000 to your uncle account every year. Also, if your uncle expects AED100,000 from another investment on his 53th birthday, which he will also put into the retirement account. What amount must he deposit annually now to be able to make the desired withdrawals at retirement.
Answers
Answer:
we can use the present value of an annuity formula to determine how much money your uncle will need when he retires at 63:
PV = annual distribution x annuity factor
annual distribution = $100,000PV annuity factor, 7%, 20 periods = 10.594PV = $100,000 x 10.594 = $1,059,400
1) the present value of your uncle's retirement account at 63 will become the future value of his contributions, but this time we need to use the future value of an annuity due. He will make 31 deposits in total starting at age 33 and ending at age 63:
$1,059,400 = annual contribution x 102.07304 (FV annuity due factor, 7%, 31 periods)
annual contribution = $1,059,400 / 102.07304 = $10,359.25
2) we should now use the present value formula:
PV = FV / (1 + i)ⁿ
PV = $1,059,400 / (1 + 0.7)³⁰ = $138,907.59
3) the future value of your uncle's employer contributions = $1,000 x 102.07304 = $102,073.04
his $100,000 investment will be worth = $100,000 x (1 + 0.07)¹⁰ = $196,715.14
that means that your uncle still needs to save $1,059,400 - $102,073.04 - $196,715.14 = $760,611.46
his annual contribution will be:
annual contribution = $760,611.46 / 102.07304 = $7,451.64
On January 1 of Year 1, Pierce Company borrowed $200,000 on a 10-year, 7% installment note payable. The terms of the note require Pierce to pay 10 equal payments of $25,000 each December 31 for 10 years. The required general journal entry to record the first payment on the note on December 31 of Year 1 is
a. debit Interest Expense, $14,000; debit Notes Payable, $11,000; credit Cash, $25,000.
b. debit Notes Payable, $14,000; debit Interest Expense, $11,000; credit Cash, $25,000.
c. debit Notes Payable, $25,000; credit Cash, $25,000.
d. debit Notes Payable, 14,000; credit Interest Expense $14,000.
Answers
Maury and Bev have saved all their lives and they have been able to pay off their mortgage on their home. Bev is getting elderly and frail and Maury needs to put her into a nursing home where they can give her round-the-clock care. Maury intends to finance this arrangement by getting a loan where the lender makes payments to the homeowner each month, based on accumulated equity. What type of loan does Maury want to get?
Answers
Answer:
Reverse Mortgage Loan
Explanation:
Banks allow older people above the age of 62 to use their home's value to obtain a reverse mortgage loan. The bank values the home and extends credit facilities to its elderly owners. The loan amount is usually a part of the home's value and is paid as a lump sum or fixed monthly payments.
Maury wants to apply for a reverse mortgage loan. He will use the value of their home to obtain a credit facility to care for Bev. Maury does not need to repay the loan. The bank will recover its money by selling the house once the couple dies or relocates.
Describe how sales and consumer-related legislation and regulations affect the delivery of customer service
Answers
Health and safety legislation affects customer service delivery as it requires staff in an organization to ensure the safety of themselves and others, and act responsibly.
There are many perspectives like Changes to tax regulations and rates can have a significant impact on a business. For example, a fall in the rate of corporation tax reduces the amount of tax that corporations have to pay on their profits.
Customer service staff who deal with customers should know about the impacts and effects of legislation and regulations that protect the consumer when buying goods and services.
Governments issue regulations related to environmental practices, employee practices, advertising practices, and much more.
Government regulations affect how companies structure their businesses, where companies decide to locate, how they classify their employees and thousands of other things.
Environmental regulations, intended to protect human health and the environment, generally result in higher production costs and lower productivity in firms, which can lead them to shift investment and production to less stringent locations.
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QUESTION 4: PROGRESS REPORT On the 20th of April 2023, The campus manager, Mr Manoto, requested the secretary in the SRC office, to compile a report on the progress of the revival day planning. In your report tasks that are completed are invitations for special guests and booking of live performers; the task committee is still busy with finalizing the design of the banners and T-shirt and sports bottle printing. Due to overspending on budget, you still have not booked catering and security for the day. Your report must be in memo format.
Answers
A sample memo based on the given question prompt is given below:
The MemoMemorandum
To: Mr. Manoto, Campus Manager
From: SRC Office Secretary
Date: April 20th, 2023
Subject: Progress update for Revival Day planning
Esteemed Mr. Manoto,
Please find below a status report detailing advancements made in the preparations of the upcoming Revival Day ceremony. We have accomplished issuing invitations to prominent guests and securing prominent musical acts. Our committees are putting the finishing touches to banner design, T-shirt outfits, as well as customizing sport water bottles.
Conversely, budgetary concerns impede us from booking security or catering caterers essential for event operations. However, we are investigating ways to cut expenses while still delivering quality service. We will be prompt with updates about progress made through these alternative strategies.
Thank you for your kind ownership in this venture; rest assured that our team is steadfastly dedicated to ensuring an excellent Revival Day rally session.
Yours faithfully,
[Your name]
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Which of these is an example of a monopoly? Utility companies Soda companies Airlines Computer companies
Answers
Utilities firms are one example of a monopoly among the possibilities given. When they are the exclusive provider of these necessary services in a certain region, utility firms, such as those that provide electricity, water, or natural gas, frequently act as Monopoly. As a result, customers are virtually forced to adopt the services offered by the local utility company since they have no other alternatives.
The Landlord's Game, which was developed by Lizzie Magie in the United States in 1903 to advance Henry George's economic theories, particularly his views on taxation, and to show that an economy that rewards Utilities individuals is preferable to one in which monopolies hold all the wealth, is the source of Monopoly.
The Landlord's Game originally featured two sets of rules, one that included taxes and another that serves as the foundation for the present regulations.
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What is a key factor you should consider when determining asset allocation
and diversification?
A. Real estate holdings
B. Avoiding similar investments
C. Rate of return
D. Portfolio size
SUBMIT
Answers
A key factor you should consider when determining asset allocation and diversification is Real estate holdings. Thus, option A is appropriate.
Real estate is a type of property that includes both unimproved land and improvements including buildings, furnishings, roads, buildings, and utility systems. Ownership of the land, improvements, and natural resources like minerals, plants, animals, water, etc. is conferred by property rights.
When you make a real agent investment, you are actually buying a physical, observable piece of land or property. Purchasing shares of a firm gives you a claim to a portion of the business itself; this is very different from investing in equities. Each sort of investment carries different risks.
A real estate agent is a qualified individual who acts as a buyer's or seller's agent in real estate deals.
Thus, option A is correct.
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movement in supply is caused by changes in ...................
a. non-price factors
b. price of good alone
c. cost of production
Answers
A it is a I am pretty sure sorry if wrong
What is the main reason to avoid renting to own?
A. If the item breaks, you have to buy a new one.
B. You are buying used merchandise.
C. It can be weeks before the item is delivered.
D. You will pay much more than the cost of the item in a short period of time.
Answers
Answer:
D. You will pay much more than the cost of the item in a short period of time.
Renting to own typically involves paying more for the item over time compared to buying it outright. The extra cost comes in the form of fees and interest that are added to the base price of the item. This can make the total cost significantly higher than the original price, leading to a situation where the consumer pays much more than the cost of the item over a short period of time.
"Mr. Bergh sent the firm's then top 60 managers six questions about the pros and cons of the business - and started interviewing each of them." Why would Mr. Bergh ask his managers questions about the pros and cons of the business? What type of information was he attempting to retrieve in his interview process? Do you feel that this is an effective way of communication from a leadership perspective?
Answers
Mr. Bergh asked his managers about the pros and cons of the business to gather valuable insights, encourage collaboration, and enhance organizational performance, making it an effective communication approach from a leadership perspective.
Mr. Bergh likely asked his managers questions about the pros and cons of the business to gain valuable insights and feedback from those who have a deep understanding of the organization's operations. By seeking input from the top 60 managers, he could gather a comprehensive perspective on the strengths and weaknesses of the business.
In his interview process, Mr. Bergh was likely attempting to retrieve information about various aspects of the business, such as identifying areas of improvement, understanding challenges faced by the managers, exploring potential opportunities, and gathering ideas for strategic decision-making.
By asking specific questions, he could assess the managers' knowledge, critical thinking, and problem-solving abilities. The goal would be to obtain actionable insights that could inform the company's future direction and enhance its performance.
From a leadership perspective, this approach can be highly effective. Engaging with managers and soliciting their opinions demonstrates a collaborative and inclusive leadership style.
It empowers managers by involving them in decision-making processes and signaling that their expertise and perspectives are valued. It also fosters a culture of open communication, encourages creativity, and enables the organization to tap into the collective intelligence of its top management.
However, the effectiveness of this approach depends on the receptiveness of the managers, the level of trust and psychological safety within the organization, and how the collected feedback is utilized.
It is essential for leaders to create an environment where managers feel comfortable expressing their views and ensure that the information gathered is acted upon or considered in decision-making processes. Regular and transparent communication should follow to close the feedback loop and demonstrate a commitment to continuous improvement.
In summary, asking managers about the pros and cons of the business and conducting interviews can be an effective way for a leader to gather valuable insights, foster collaboration, and enhance organizational performance when accompanied by a supportive leadership style and a commitment to act upon the feedback received.
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How do state and federal courts differ in the United States?
Answers
Answer:The primary distinction is that state and local courts are authorized to hear cases involving the laws and citizens of their state or city, while federal courts decide lawsuits between citizens of different states, cases against the United States, and cases involving specific federal laws.
Explanation:
A strategy to earn foreign exchange by making domestic industries competitive in the international market is called: a. Export promotion b. Import substitution c. Inward looking trade policy d. Both (b) and (c)
Answers
Answer:
a
Explanation:
It's export promotion
p.s. give me the brainliest answer
plzz someone help me
Answers
Pharoah Company purchases $56,000 of raw materials on account, and it incurs $67,200 of factory labor costs. Supporting records show that (a) the Assembly Department used $26,880 of direct materials and $39,200 of direct labor, and (b) the Finishing Department used the remainder. Journalize the assignment of the costs to the processing departments on March 31. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31
Answers
a. Assembly Department: Raw Materials Inventory $26,880, Factory Labor $39,200, Accounts Payable $66,080
b. Finishing Department: Raw Materials Inventory $29,120, Factory Labor $28,000, Accounts Payable $57,120
Based on the information provided, the raw materials and manufacturing labour expenses are allotted to the Assembly and Finishing Departments. The Assembly Department is in charge of $26,880 in direct materials and $39,200 in direct labour, while the Finishing Department is in charge of the remaining raw materials and factory labour costs.
The debit entries in the journal entry represent increases in the cost accounts of the two departments (Raw Materials Inventory and Factory Labour), whereas the credit entries show increases in the Accounts Payable account.
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LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000
How do you find the cost of goods manufactured?
Answers
The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.
How to calculateIt is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.
In the income statement you provided, the cost of goods manufactured is calculated as follows:
COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000
Therefore, the cost of goods manufactured for Leone Company is $3,224,000.
Here is the formula for calculating COGM:
COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory
The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.
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A company purchased $4,400 worth of merchandise. Transportation
costs were an additional $385. The company returned $305 worth of
merchandise and then paid the invoice within the 2% cash discount
period. The total cost of this merchandise is:
Answers
Answer:
If I did get it right it should be 4,569.6
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What is an example of an expense that, generally, comes from discretionary income?
OA. transportation costs
OB.
food/groceries
О с. rent or mortgage
OD.
D.
books/novels
Answers
Answer:
B.food/groceries
Explanation:
Discretionary expenses are often defined as nonessential spending. This means a business or household is still able to maintain itself even if all discretionary consumer spending stops. Meals at restaurants and entertainment costs are examples of discretionary expenses.
FORMULATE YOUR OWN ETHICAL PRINCIPLES REGARDING CUSTOMERS SERVICE AS A FUTURE ENTREPRENEUR
Answers
As a future entrepreneur, I believe in transparency, respect, fairness, responsiveness and privacy and data security as the ethical principles regarding customer service.
Transparency: I will be transparent and honest with my customers, providing them with accurate and complete information about my products or services. I will not engage in deceptive practices or withhold essential details.
Respect: I will treat all customers with respect and dignity, valuing their opinions, concerns, and feedback. I will actively listen to their needs and strive to address them promptly and effectively.
Fairness: I will ensure fairness in pricing, promotions, and terms of service. I will avoid discriminatory practices and provide equal opportunities and treatment to all customers, regardless of their background.
Responsiveness: I will be responsive to customer inquiries, complaints, and feedback. I will strive to resolve any issues in a timely manner, demonstrating a commitment to customer satisfaction.
Privacy and Data Security: I will prioritize the protection of customer privacy and data security. I will handle their personal information with care, adhere to relevant data protection laws, and implement robust security measures to safeguard their data.
By adhering to these ethical principles, I aim to build long-term relationships with my customers based on trust, integrity, and mutual respect.
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Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?
Answers
Reggie's medical expense deduction is $7,276.
AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.
Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:
Drugs (prescribed by physicians): $5,701
Marijuana (prescribed by physicians): $1,470
Health insurance premiums-after taxes: $1,280
Doctors' fees: $1,320
Eyeglasses: $445
Over-the-counter drugs: $270
Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.
Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486
Reimbursements: $570
Medical expenses after reimbursements: $10,486 - $570 = $9,916
To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.
Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.
Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.
Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276
Therefore, Reggie's medical expense deduction is $7,276.
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Are the following statements true or false?
(a) Perfect competition has an identical good.
(b) A monopolistically competitive firm makes zero economic profit in the long run.
(c) The defining feature of oligopoly is a large number of firms.
(d) A natural monopoly arises because of the existence of economies of scale.
Answers
(a) The given statement, "Perfect competition has an identical good" is true.
(b) The given statement, "A monopolistically competitive firm makes zero economic profit in the long run" is false.
(c) The given statement, "The defining feature of oligopoly is a large number of firms" is false.
(d) The given statement, "The defining feature of oligopoly is a large number of firms" is true.
(a) In perfect competition, all firms produce identical goods, which means that consumers cannot differentiate between them based on the product. Therefore, firms have to compete based on price and quality of their product.
(b) In monopolistic competition, firms can earn economic profit in the short run but may not be able to sustain it in the long run. This is because other firms can enter the market and offer similar products, which reduces the demand for the original firm's product and lowers its price, eventually resulting in zero economic profit.
(c) The defining feature of oligopoly is a small number of large firms that dominate the market. These firms have significant market power and can influence the market's price and quantity. Oligopolies can lead to collusion between firms, creating barriers to entry and limiting competition.
(d) A natural monopoly arises when a single firm can produce the entire output of the market at a lower cost than any combination of two or more smaller firms. This is due to economies of scale, where the average cost of producing a good decreases as the quantity produced increases.
Therefore, it is more efficient to have one firm producing the entire output rather than multiple smaller firms. However, natural monopolies can lead to market failure, and regulation may be necessary to prevent abuse of market power.
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Suppose a company spends $200,000 in the current year to research and develop a navigation device for hikers. By the end of the year, the company estimates that the new navigation device has a 70% chance of generating $500,000 in revenues from sales to customers over the next four years. For what amount would the company report research and development expense in the current year
Answers
Answer: $200,000
Explanation:
The company spent $200,000 on the research that led to the development of the navigation device and according to Accounting guidelines, Research and Development costs are to be expensed in the period that they occurred.
The entire $200,000 that was spent should therefore be expensed as Research and Development.
Question 1: Suppose that Markus Braun has a set of steps that Wirecard takes each time they acquire a new company. This blank (1)___________ is known as a blank (2) _____________.
1. a. single-use plan or b. standing plan
2. a. rule
b. regulation
c. policy
d. standard operating procedure
Question 2: Which of the following is a limitation of the planning process at Wirecard? Check all that apply.
a. Goals and plans help employees understand what behaviors are needed at work.
b. Goals and plans make employees more committed to their work.
c. Goals and plans can derail innovation and creativity.
d. Goals can make managers think they know what the future will be like, even when they don’t.
Answers
1. Suppose that Markus Braun has a set of steps that Wirecard takes each time they acquire a new company. This blank standing plan is known as a blank standard operating procedure
2. Goals and plans can derail innovation and creativity and goals can make managers think they know what the future will be like, even when they don’t. Options c and d are the answers.
What are goals and plans?Goals are the intended results or targets that a person, group, or organization aspires to achieve within a predetermined timeframe. They serve as a source of motivation and offer actions a clear direction and purpose. To promote clarity and effectiveness, goals are often specific, measurable, achievable, relevant, and time bound.
Plans: Plans are the steps or approaches developed to accomplish the specified goals. They lay forth the procedures, materials, and schedules needed to accomplish the specified goals. Plans can be short-term or long-term and can cover a variety of topics, including project plans, operational plans, marketing plans, and financial plans. They offer a decision-making road map and direct people and organizations toward achieving their objectives.
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use a well labelled group to explain why the introduction of maximum prices in the petrol industry will not be an ideal decision for the country's economy??
Answers
Implementing maximum prices in the petrol industry may not be an ideal decision for the country's economy.
Consumer Group:
Implementing maximum prices may initially benefit consumers as it could lead to lower fuel costs. However, it can have negative consequences in the long run. With lower prices, there may be increased demand for petrol, leading to shortages and long queues at gas stations. Additionally, if prices are kept artificially low, it can discourage investment in the industry, hampering exploration, production, and infrastructure development. This could result in limited supply and dependence on imports, potentially leading to fuel shortages and price fluctuations.Business Group:
For businesses in the petrol industry, maximum prices can restrict their ability to cover costs and maintain profitability. Fuel companies have various expenses such as exploration, refining, distribution, and employee wages. If prices are capped, it can lead to reduced profit margins, making it challenging for companies to invest in new technologies, research, and development, which are crucial for improving fuel efficiency and reducing environmental impacts.Government Group:
From a government perspective, implementing maximum prices can have adverse effects on tax revenues. Taxes on fuel sales contribute significantly to government revenue. If prices are capped, tax income will decrease, impacting the government's ability to fund public services and infrastructure projects. It can also limit the government's ability to incentivize renewable energy sources and reduce environmental pollution.Considering these factors, the introduction of maximum prices in the petrol industry may have unintended consequences such as supply shortages, reduced investment, profitability challenges for businesses, and decreased tax revenue for the government. It is crucial to strike a balance between consumer affordability, industry sustainability, and government revenue to ensure a stable and efficient petrol market.
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You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is
A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic
Answers
Answer:
C) price elastic.
Explanation: