The incorrect statement is B. Excess FICA taxes cannot be claimed as an income tax credit.
FICA taxes are payroll taxes collected from employees and employers, and are used to fund Social Security and Medicare. The base amounts for FICA taxes are set by Congress and are the same for both Social Security and Medicare. The 2021 base amounts are slightly higher than the 2020 amounts.
If both spouses work, excess FICA taxes can result, but these taxes cannot be claimed as an income tax credit. This is because FICA taxes are used to fund Social Security and Medicare and are not considered as taxable income. Excess FICA taxes can be refunded, however, if they are claimed on Form 843.
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g a combination of a contractionary fiscal policy and a contractionary monetary policy will output and unemployment in an economy.
Contractionary fiscal policy and the contractionary monetary policy both shift AD curve to the left.
What is a monetary policy?Maintaining price stability and public confidence in the currency's value and stability is the aim of monetary policy. It is a tactic used by a country's monetary authority to manage the money supply or the interest rate payable on extremely short-term borrowing, typically in an effort to cut inflation or the interest rate. As opposed to this, fiscal policy relies on taxes, government spending, and government borrowing as instruments for a government to influence business cycle phenomena like recessions. Monetary economics can provide some valuable insight into how to formulate the optimum monetary policy. In industrialized countries, monetary and fiscal policies are often made separately. The descriptions include both contractionary and expansionary monetary policies.
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A public good such as national defense ___________ increase with the birth of a new baby.
a) does not
b) does
c) does greatly
d) does somewhat
A public good such as national defense does not increase with the birth of a new baby.
What constitutes a public good, exactly?Non-excludability and non-rivalrousness are the two main attributes of a public good. For market manufacturers, selling the commodity to individual consumers is challenging due to these qualities. In order to prevent another user from using a good, it must be expensive or impossible. This is referred to as non-excludability.
What does the government define as a public good?In practically every country, the government is a major player in delivering services like infrastructure, education, security, fire and environmental protection, national defense, and other related things. "Public goods" is a common term for these products.
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based on her technical process, mehretu compares the layered characters in her paintings to \ \ \ \ \ \ \ , \ , \ , \ , \ , \ . choose 1 answer: choose 1 answer
For Mehretu, the built environment offers a space where people can assemble, protest, pray, and riot in large numbers.
The process of creating systems that address user needs and achieve the goals of stakeholders is known as software development. Requirements elicitation, a time-consuming, intricate, and multidisciplinary procedure, is used to identify these demands. Because traditional techniques of elicitation largely concentrate on the technical elements and restrictions of the systems rather than taking a socio-technical perspective, these methods frequently fail to identify requirements that are crucial for effective and widespread user adoption. The identification of the social, organizational, and technical elements of the systems is essential to the success of information system development and can lead to a system that users will find more acceptable. In this article, we suggest a method for eliciting requirements that is based on socio-technical (ST) systems theory. The procedure makes use of ST system components to assist in identifying.
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According to Mehretu, the constructed environment provides a venue for big crowds to congregate, protest, pray, and riot.
Software development is the process of designing systems that meet the demands of users while also achieving the aims of stakeholders. To determine these requests, requirements elicitation, a time-consuming, sophisticated, and interdisciplinary method, is performed. Traditional elicitation procedures usually fail to discover needs that are critical for effective and widespread user adoption because they focus on the technical features and constraints of the systems rather than taking a socio-technical viewpoint. The identification of the systems' social, organizational, and technological features is critical to the success of information system development and can lead to a more acceptable system for users.
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On January 1, 2024, Canseco Plumbing Fixtures purchased equipment for
$52,000
. Residual value at the end of an estimated 7 year service life is expected to be
$24,000
. The company expects the equipment to operate for 15,500 hours. Required: a. Calculate depreciation expense for 2024 and 2025 using sum-of-the-years'-digits, assuming the equipment was purchased on January 1,2024 b. Calculate depreciation expense for 2024 and 2025 using sum-of-the-years'-digits, assuming the equipment was purchased on March 31, 2024 Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2024 and 2025 using sum-of-the-years'-digits, assuming the equipment was purchased on January 1, 2024. On January 1, 2024, Canseco Plumbing Fixtures purchased equipment for
$52,000
. Residual value at the end of an estimated 7 year service life is expected to be
$24,000
. The company expects the equipment to operate for 15,500 hours. Required: a. Calculate depreciation expense for 2024 and 2025 using sum-of-the-years'-digits, assuming the equipment was purchased on January 1, 2024. b. Calculate depreciation expense for 2024 and 2025 using sum-of-the-years'-digits, assuming the equipment was purchased on March 31, 2024 Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2024 and 2025 using sum-of-the-years'-digits, assuming the equipment was purchased on March 31, 2024.
$6000 and $7000 is the book value for the On January 1, 2024, Canseco Plumbing Fixtures purchased equipment for.
What is the equipment?A tangible object that is operationally complete for its original use, durable, nonexpendable, and required for the fulfillment of a contract is referred to as equipment.
Unlike tools, the term "equipment" has a more wide definition. It describes a group of equipment required to carry out a particular task. The plural of tool is frequently used as the phrase equipment. In this instance, a group of tools will be referred to as equipment.
27000*7/28 = 6000
28000* 6/28 = 7000
An asset's sale price is determined by subtracting its initial cost from its depreciation and amortization, which is calculated by multiplying the asset's age measured in years by its mean annual amortization.
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at regal company, employees and teams had higher performance, greater job satisfaction, and increased organizational commitment when their managers showed behaviors.
At regal company, employees and teams had higher performance, greater job satisfaction, and increased organizational commitment when their managers showed theory y behaviors.
Positive presumptions about the typical worker underlie Theory Y. Theory Y managers believe that workers are self-driven, like their work, and strive to improve themselves without receiving a specific benefit in return.
Theory Y emphasizes the importance of job satisfaction as a motivator and promotes independent task-accomplishment.
Theory Y managers prefer to have a more intimate relationship with their employees rather than one that is more conductive and instructional in nature.
As a result, Theory Y supporters might get along better with their boss, which would improve the work environment.
Theory Y gives the workers a pseudo-democratic environment. This enables the worker to quickly create, build, and publish their product.
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A major department store chain is interested in estimating the average amount its credit card customers spent on their first visit to the chain's new store in the mall. Fifteen credit card accounts were randomly sampled from the normally distributed population and analyzed with the following results:A major department store chain is interested in es= $50.50. The population variance is 400. A 95% confidence interval for the average amount the credit card customers spent on their first visit to the chain's new store in the mall is:
A major department store chain is interested in estimating the average amount its credit card customers spent on their first visit to the chain's new store.
What is a credit card in its simplest form?A credit card is a financial tool provided by a bank in the form of a loan, with a credit line that can be accessed through the card (and the card's account). Your credit card's loan has a cap on it that you can utilize for small and major purchases. This cap is known as your credit limit.
Why do credit cards and debit cards differ?When you use a debit card to make a purchase, the money is nearly instantly deducted from your checking account to cover the cost of your purchase. When you use a credit card, the money is charged to your line of credit, which means you'll pay the payment later. This offers you more time to pay the bill.
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In Clinical Quality Measures Stage II, an EP must report on _________ CQMs out of a possible list of 64 approved CQMs for the EHR incentive program.
In Clinical Quality Measures Stage II, an EP must report on 9 CQMs out of a possible list of 64 approved CQMs for the EHR incentive program.
CQMs can be measures of methods, reviews, and/or consequences of patient care, observations, or treatment that relate to 1 or more pleasant aims for health care along with effective, secure, green, patient-focused, equitable, and well timed care.
CQMs offer a standardized method of measuring and comparing the transport of care. using CQMs allows care offerings to be measured in a clinically significant way, and may facilitate enhancements in care that may be without difficulty communicated to CMS beneficiaries, health care vendors, and the public. The CMS EHR Incentive application calls for that records be recorded in certified EHRs to facilitate the series and reporting of CQMs. a scientific process observed to be effective in decreasing headaches related to a particular ailment or scientific circumstance or related to being hospitalized.
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The appearance of the container of a product, as well as the labeling, shape, materials and design are found within the . product preservation full showing spectacular product packaging immersive advertising
Product packaging is an important factor in product preservation, as well as a way to create a memorable and immersive advertising experience.
What is product?Product is an item or service that is created, manufactured or provided by a company to its customers or clients. It is the result of a process that transforms inputs such as raw materials, labor, energy, ideas and capital into something that has value and can be sold. Products can be tangible, such as a car or a computer, or they can be intangible, such as insurance or a service. Companies use a variety of strategies to market their products to potential customers. These strategies include advertising, sales promotion, public relations and more.
The container of a product includes the shape, materials, design and labeling of the product, which can all be used to distinguish a product from its competitors. The container should be designed to protect the product from damage and spoilage, while also engaging the consumer with its visual appeal. The labeling should clearly explain what the product is, how it should be used and any other relevant information. The shape, materials and design should be chosen to reflect the product's branding and identity, and to stand out from other products on the shelves. By combining all of these elements, product packaging can create an immersive advertising experience that will help the product stand out from the competition.
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Interest parity implies that when the us interest rate is higher than the japanese interest rate, it follows that investors expect the us dollar to with respect to the yen.(possible choices: appreciate/depreciate/remain unchanged)
According to interest parity, when the US interest rate is greater than the JPY interest rate, it follows that investors anticipate an increase in the value of the US dollar relative to the JPY. As a result, choice (A) is acceptable.
What is interest rate party?Interest rate parity (IRP) is a hypothesis that states that the difference in interest rates between two countries is equal to the difference between the forward and spot exchange rates.
The primary equation governing the correlation between interest rates and exchange rates is interest rate parity. Interest rate parity's fundamental tenet is that hedged returns from investments in several currencies should be the same, independent of the interest rates associated with such investments. Forex traders utilize parity to look for arbitrage possibilities.
Hence, option (A) is accurate.
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FILL IN THE BLANK unenforceable conditions or contract clauses and adversarial relations are risk conditions associated with the project _________management knowledge area.
Unenforceable conditions or contract clauses and adversarial relations are risk conditions associated with the project procurement knowledge area.
What are adversarial relations?When same or comparable goods or services are offered by rival providers and consumers and sellers are vying for market share, an antagonistic relation in purchasing and production develops. Adversarial partnerships are characterized by low levels of trust.
What does an adversarial relationship in procurement mean?When same or comparable goods or services are offered by rival providers and consumers and sellers are vying for market share, an antagonistic relation in purchasing and production develops. Adversarial partnerships are characterized by low levels of trust.
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An increase in government spending that is financed by an equal increase in taxes results in which of the following changes in aggregate demand (AD) and short-run aggregate supply (SRAS) curves?
An increase in government spending that is financed by an equal increase in taxes will lead to an increase in aggregate demand (AD) and a shift of the short-run aggregate supply (SRAS) curve to the right.
Here's why:
The increase in government spending will lead to an increase in aggregate demand, as the government is effectively increasing its own consumption and investment. This will shift the AD curve to the right, as more goods and services are being demanded in the economy.
The increase in taxes will decrease the disposable income of households and firms, leading to a decrease in their consumption and investment. However, the decrease in consumption and investment due to the increase in taxes is equal to the increase in government spending, so the net effect on aggregate demand is zero.
The increase in government spending will also lead to an increase in aggregate supply, as firms will be able to sell more goods and services to the government. This will shift the SRAS curve to the right, as more goods and services are being produced in the economy.
Overall, the net effect of the increase in government spending financed by an equal increase in taxes is an increase in aggregate demand and a shift of the SRAS curve to the right. This will lead to an increase in the level of output and a decrease in the price level in the short run.
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Which of the following are accurate regarding Step 4 (Execute the Strategy) in the strategic management
process?
One of the following statements about Step 4 (Execute the Strategy) in the strategic management process is true: top managers must look out for potential obstacles and determine if it will be possible to carry out the plans.
What is strategic management process?Strategic management process is a process of developing action plans, carrying out action plans, and recognizing and analyzing internal and external strengths and weaknesses. When desired results are not being generated, action plans are changed and the effectiveness of their implementation is assessed.
Setting goals or objectives, conducting analysis, developing a plan, putting that strategy into action, and monitoring that approach are the five stages of the process. The strategic management process entails more than just adhering to a set of guidelines. It is a way of doing business that is philosophical.
Therefore at stage 4 where plans and strategy are going to be executed top managers must look out for potential obstacles.
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computing customer lifetime value (clv) involves three kinds of components: (1) numbers about money, (2) numbers about time, and (3) financing finesse.
Computing customer lifetime value (CLV) involves three kinds of components: (1) numbers about money, (2) numbers about time, and (3) a financing finesse is true.
Write a short note on customer lifetime valueCustomer lifetime value (CLV) is a metric that is used to describe how much money a company can expect to make overall from a typical customer during the duration that person or account stays a customer. Customer Value * Average Customer Lifespan equals Customer Lifetime Value. Calculating the average purchase value and multiplying it by the average number of purchases will yield CLTV, which stands for client lifetime value.
A central line (CL) for the average, an upper control line (UCL) for the upper control unit, and a lower control line (LCL) for the lower control unit are the three crucial parts of a statistical process control chart. The ideal way to determine CLV is to consider both the overall average income generated by a client and the overall average profit.
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in addition to the president, the executive branch includes the ___ , the cabinet (heads of the executive departments), agencies, boards, and other commissions.
The vice president, the Cabinet (leaders of the executive departments), agencies, boards, and other commissions are all part of the executive branch in addition to the president.
What roles do the Vice President and the Cabinet play in the executive branch?In the event that it becomes necessary, the Vice President, who is a member of the Executive Branch, will assume the role of President. The Cabinet and autonomous federal agencies are in charge of the day-to-day application and enforcement of federal law.
What are the vice president's duties and powers?The vice president of the United States is the Senate's chief executive, as stated in the Constitution. The vice president, in addition to acting as the meeting's presiding officer, formally preside over the reception and tallying of electoral votes cast in presidential elections. Additionally, he or she is the only one with the power to end an impasse in the Senate.
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one advantage of a corporation c, legal business formation is the unlimited life of the company or firm. T/F
One advantage of a corporation , legal business formation is the unlimited life of the company or firm. True.
What is a corporation?A corporation is a business recognized by the state as a legal entity separate from its owners (also known as shareholders). A corporation can be owned by individuals and/or other entities, and ownership is easily transferable via the buying and selling of stock
What are the advantages of forming a corporation?Being a corporation has a number of benefits, such as less personal responsibility, simple ownership transfers, company continuity, greater access to capital, and (depending on the corporate form) sporadic tax benefits. The particular way your firm is set up will determine the legal form of your organization and the advantages you stand to gain from it.
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if italy spends 10 hours producing a car and 5 hours producing a dryer, and spain spends 12 hours producing a car and 2 hours producing a dryer, then which of the following are true?
The statement that is true is Spain spends 12 hours producing car and 2 hours producing dryer.
What is production?A final product is created through the blending of several inputs, both material and intangible. Ideally, this output will be a good or service that makes people's lives more useful. Conceptually, consumption theory is related to production theory, a division of economics that focuses on production. The manufacturing process and outcomes are intimately related to how well the initial inputs are used. Land, labor, and capital—also known as the primary producers of goods and services—are the three main factors in production. These crucial inputs are not significantly altered by the output process or the end product, nor are they made a crucial component of it. How well needs are met is a widely recognized sign of economic health.
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Jeff has been a project assistant for XYZ Corporation for five years. Recently he was asked to train Harriet, a new employee. He suggests to her that she use an Excel worksheet to lay out the projects she is currently working on, and she complies. He is using _______ power.a. coercionb. referentc. expertd. rewarde. legitimate
For the past five years, Jeff has worked as a project assistant for XYZ Corporation. He was just requested to train Harriet, a new employee. He advises that she use an Excel spreadsheet to organize the tasks she is presently working on, and she agrees. He is using expert power.
What exactly is expert power?Expert power is derived by having a high degree of knowledge in your field of expertise. Expertise is a relative concept. This indicates that if two persons have different levels of expertise on the same issue, the one with greater knowledge has expert power. Expert power refers to an employee's capacity, regardless of seniority, to demonstrate competence in a subject or issue. For example, if no one else in the department understands how to use a certain software application but one person can, that individual has expert authority in that case.
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Assume that a competitive industry producing a normal good is in long-run equilibrium. If average consumer income decreases, which of the following changes will occur?
a) Short-run price: increase; short-run industry output: increase; movement of firms: enter
b) Short-run price: increase; short-run industry output: decrease; movement of firms: exit
c) Short-run price: decrease; short-run industry output: increase; movement of firms: exit
d) Short-run price: decrease; short-run industry output: decrease; movement of firms: enter
e) Short-run price: decrease; short-run industry output: decrease; movement of firms: exit
The correct option is E. If average consumer income decreases, Short-run price: decreases; short-run industry output: decreases; movement of firms: and exit changes will occur.
A purchaser is someone or a set who intends to order or uses purchased items, merchandise, or offerings in the main for non-public, social, family, family, and similar desires, who is not without delay related to entrepreneurial or enterprise activities. The time period maximum commonly refers to a person who purchases goods and services for personal use.
In a financial system, a client buys items or services frequently for consumption and no longer for resale or for commercial functions. consumers pay few amounts of money (or equivalent) for goods or offerings.) than consume (use up). As such, clients play a crucial function inside the financial device of a capitalist device and shape a fundamental part of any economy. without patron calls for, manufacturers might lack one of the key motivations to produce: to sell to clients. The purchaser also paperwork one stop of the chain of distribution.
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Allied Pigments and Dyes, Inc. (APD) has received notification from the New Jersey Environment Protection Agency (NJEPA) that their Bound Brook manufacturing facility is in violation of waste water effluent standards. APD has been ordered to install new waste water treatment equipment, pay fines, or shut down the facility. APD's Bound Brook facility, built in 1928, produces an old product 11 line with declining sales and cash flow. Before receiving NJEPA's notice, the facility was scheduled to be 13 shut down in 5 years. Bound Brook Facility: Estimated Net Operating Cash Flows 16 Before receiving NJEPA notification.
"With the Stony Brook Regional Sewerage Authority upgrading how it manages sewage sludge at its Princeton plant, this settlement means better air for communities in Mercer County," said Regional Administrator Lisa Garcia.
"The proposed settlement is an important step in protecting the environment and public health in Mercer County, as well as ensuring that the Stony Brook Regional Sewerage Authority facility complies with state and federal laws," said Shawn M. LaTourette, commissioner of the New Jersey Department of Environmental Protection. "We applaud Regional Administrator Garcia, the U.S. Department of Justice, and the New Jersey Office of the Attorney General for their work on this enforcement action. The DEP will continue to collaborate with partners at all levels to preserve the air in all New Jersey communities."
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When a firm implements the marketing concept to consider customer needs in its strategy, it then is said to have a _____ orientation.
When a firm implements the marketing concept to consider customer needs in its strategy, it then is said to have a market orientation.
segmenting the market. is a strategy used by businesses to split up big, heterogeneous markets into smaller ones that may be more profitably served with goods and services that are tailored to their particular requirements. target market. consists of a group of customers who the business chooses to cater to because they have similar wants or traits. Differentiation. a marketing approach in which a company chooses to target various market segments and provide unique offers for each. Pay attention to how the business may produce unique value for the targeted segments.
When a firm implements the marketing concept to consider customer needs in its strategy, it then is said to have a _____ orientation.
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Suppose the roommates decide to vote on whether to buy the satellite TV service under majority rule. In addition, they agree that if they get the service, the cost will be split equally among all the roommates, whether or not they voted in favor of the service.
A majority of roommates will vote to buy the service as long as it doesn't cost more than ____ per month
A majority of roommates will vote to buy the service as long as it doesn't cost more than $200 ($40 per roommate) per month.
What is meant by Service?Services are the non-physical, intangible parts of our economy, as opposed to goods, which we can touch or handle Services, such as banking, education, medical treatment, and transportation make up the majority of the economies of the rich nations. They also represent most of the emerging nations’ economies.During the twentieth century, manufacturing and agriculture shrank as a share of economic activity.Today, over two-thirds of GDP and four-fifths of employment in the **OECD countries are in the services sector. GDP stands for Gross Domestic Product, and OECD stands for Organization for Economic Co-operation and Development.To learn more about GDP refer to:
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The capital projects fund of Hysham completed construction of a new building. The building should be reported in the:
I. government-wide statement of net assets.
II. capital projects fund.
A. I only
B. II only
C. Either I or II
D. Neither I nor II
Hysham's capital projects fund finished constructing a new structure. The government-wide statement of net assets should include information about the building. Therefore, Option A is the correct answer. (I only)
A comprehensive breakdown of all the major government funds, their expenditures, and remaining funds can be found in a government-wide financial statement. This declaration details every expenditure made by the government and, if any, how much money is still available. Government-wide financial statements differ from fund-based financial statements. Fund-based financial statements display a specific fund's financial statement, whereas government-wide financial statements provide an overview of all government funds and accounts.
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Efficiency versus equity
The economy consists of two consumers, Jamal and Mitch. They have ordered a pizza and are deciding how to divide it between themselves. They have brainstormed a few solutions, and now they want to consult an economist to determine if their solutions are efficient and fair. Assume that a pizza consists of eight slices, and the more pizza Jamal and Mitch eat, the happier they are. One of their solutions is to divide the pizza in half, so each of them would get four of the eight slices. An economist would say this solution is O efficient but not fair O fair but not efficient O efficient and fair O neither efficient nor fair
Out of the choices provided above, it can be concluded to say that an economist would say that the solution given above is fair and efficient at the same time. Therefore, the option C holds true.
An economist can be referred to or considered as a person who is an expert in studies related to economics, whether microeconomics or macroeconomics. As per the general theory of economists, an economic solution is fair and efficient when the factors related to two different consumption are exactly homogenous in nature.
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we use a three-stage process to determine cash provided or used by financing activities. which of the following is not one of the three stages?
Operating, Noncapital, Capital and Related, and Investing are the categories used in the statement of cash flows to classify cash transactions.
What are the 3 financing activities?Transactions involving equities, loans, and dividends are all examples of financing operations. According to the various capital structures, dividend policies, and debt terms that businesses may have, debt and equity funding are indicated in the cash flow from finance segment. Determine the cash impacts using T-accounts and reconstructed entries, then report the cash flow effects in order to calculate the cash provided by investing activities.
The income statement and balance sheet are completed by this financial statement. Cash from three categories, including operating, investing, and financing activities, makes up the bulk of the CFS. On a statement of financial position, there are various important components. Assets, liabilities, working capital (net current assets), and capital employed are some examples. In general, assets are things that a company possesses,
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which of the following transfers is a complete gift? multiple choice payment of child support by a former spouse transfer of property to a revocable trust transfer of cash to a bank account held in joint tenancy with the right of survivorship income paid to the beneficiary of a revocable trust none of the choices is a complete gift.
The following transfers is a complete gift - Income paid to the beneficiary of a revocable trust.
Hence, Option C is correct
A transfer that is final, acknowledged by the Foundation, and intended only for philanthropic uses is referred to as a completed gift. Such a gift may be unconditional, made in trust, or made in another manner, and it may or may not be accompanied by stipulations.The gifted asset now belongs to the trust, a separate tax entity, rather than the client after a completed gift. The future investment return on the gifted asset no longer belongs to the settlor once the trust has ownership of it; instead, it belongs to the trust.If the grantor releases the powers, then the gift will generally be complete at that time, because the property is no longer subject to the donor's control. For example, a distribution of property from a revocable trust is a completed gift because the grantor no longer has the ability to revoke the distribution.To know more about Gift here
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Assume that the market for tomatoes is in equilibrium at a price of $35 per bushel. If the demand for tomatoes decreases, which of the following will occur?
If the demand for tomatoes decreases then a surplus of $35, resulting in a price and quantity reduction will occur.
If the demand for tomatoes decreases, the equilibrium price will fall and the equilibrium quantity will decrease. This is because with a decrease in demand, the quantity demanded will be lower than before, and there will be an excess supply of tomatoes in the market.
This will cause the sellers to lower their prices in order to sell off their excess supply. The decrease in price will cause buyers to increase the quantity demanded, resulting in the new equilibrium price and quantity. As the demand decreases, the equilibrium price will fall and the equilibrium quantity will decrease as a result.
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The equilibrium price for a good with a vertical supply curve and a downward-sloping demand curve is $20. If a binding price floor is set, which of the following will occur?
answer: sum of consumer and producer surplus will decrease.
please explain why that's the answer and explain why
A good with a vertical supply curve and a declining demand curve has an equilibrium price of $20. the setting of a legally-binding minimum price. Consumer surplus and producer surplus combined decrease.
If the supply curve is vertical, all prices receive the same quantity of supply from the supplier. The shipping quantity won't alter despite the price modification. As a result, supply is entirely inelastic and has no price elasticity.
If the supply curve is vertical, the supply will always be the same regardless of the market price. Old manuscripts, rare stamps, and antique coins are examples of goods that cannot be increased or decreased. The supply curve for these goods is vertical. For instance, the area of land in the world can be considered fixed.
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an important diffrence between accounting and other business functions, such as marketing adn management, is that
The recording, classification, summarising, and interpreting of financial events and transactions to give management and other interested parties.
The information they need to make informed decisions is a key distinction between accounting and other business functions, such as marketing and management. The goal of marketing is to draw attention from the outside world to a business, its goods or services, and to generate sales as a result. Accounting, on the other hand, is concerned with monitoring, documenting, and creating financial statements based on a company's internal financial characteristics. Accounting documents a company's historical operations, whereas finance supports decisions about the firm's future.
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On May 1, 2021, Varga Tech Services signed a $6,000 consulting contract with Shaffer Holdings. The contract requires Varga to provide computer technology support services whenever requested over the period from May 1, 2021, to April 30, 2022, with Shaffer paying the entire $6,000 on May 1, 2021. How much revenue should Varga recognize in 2021? (Do not round intermediate calculation.) Revenue____
The amount of revenue recognizable in 2021 is $84000.
How much revenue should Varga recognize in 2021?Since the revenue spans over two years,8 months in the year 2021 and the remaining 4 months relate to 2022, the revenue should be recognized on proportional basis.The revenue in 2021 =total revenue*months in the year/12 months=$126000*8/1 =$84000This amount is recorded on monthly basis by crediting revenue with one month sales revenue value $10500($126,000/12) and debiting to deferred revenue.At the end of the year four months worth of revenue amount would be left in deferred revenue account as revenue for 8 months would have been recognized.To learn more about sales revenue refer to:
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Again using the Bertrand model, which of the following statements is true of the point representing the cartel price and quantity you found previously? O Either firm could increase its profits by increasing the price it charges. O Either firm could increase its profits by decreasing the price it charges O It is a Nash equilibrium.
Either firm could increase its profits by decreasing the price it charges.
What is profits?Profit is the money you have left after paying for business expenses. There are three main types of profit: gross profit, operating and net profit.Gross profit is biggest. It shows what money was left after paying for the goods and services sold. Operating profit is next. It shows what's left after also paying operating costs such as rent, electricity, phones and in some cases staff.Net profit comes last. It shows what you made after deducting all costs and tax. You get to hold onto net profit.Profit is the money you have left after paying for business expenses. There are three main types of profit: gross profit, operating and net profit. Gross profit is biggest. It shows what money was left after paying for the goods and services sold.To learn more about Gross profit refer to:
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