Answer:
No because the decline in value of her residence does not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.
Explanation:
Terrah's house suffered no actual damage because of a recent forest fire in the area where she lives. Terrah cannot take a casualty loss for the decline in value of her residence caused by the fire as the decline in value of her residence dose not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.
Final answer:
No because the decline in value of her residence does not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.
If the price of gasoline increases, most likely, ceteris paribus, the result will
be:
A. An increase in the demand for cars.
B. An increase in the supply for cars
C. A decrease in the supply for cars
D. A decrease in the demand for cars
Answer:
A
Explanation:
Hello i am happy to answer this for you.
I believe the answer is D
My reasoning is that if the gasoline prices went up people will not want to pay for the gas anymore so people will not want gas fueled cars if they have to pay a higher price for the gasoline.
Sry if wrong
Simon has a $250,000 life insurance policy with City Life. He has had this policy for many years, and all of the premiums have been paid. He no longer needs to make any payments in order to keep the policy in effect. Simon named his brother, Leo, as the beneficiary of the policy. Leo needs $50,000. Leo knows about the insurance policy, and that it is fully paid. Rather than take out a loan, he contacts City Life and asks for $50,000 as an advance against the full amount of the policy that will be due to him. What is City Life likely to do?
Answer:
The correct statement will be "Not give Leo the money since Leo is not vested".
Explanation:
Simon wanted to purchase a city life insurance package. Under that same agreement arrangement, Simon has compensated have all premiums owed. As that of the beneficiary including its scheme, Simon designated his brother, Leo.Leo requires 50,000 dollars. He reaches the urban environment instead of accepting a mortgage as well as demands for the amount owed including its gain that would accumulate to him following his brother's passing.
The remaining amount through Life insurance policies can only be compensated on Simon's death and nobody even, particularly Simon and his brother Leo, seems to have the authority to charge any compensation payout against that kind of policies especially given the fact that almost all the contributions have been compensated.
So the above is the right approach.
Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah’s Cycles on February 1 for $1,200 (cost of goods sold of $700). On February 9, Sarah’s Cycles returned to Cycle Wholesaling one-quarter of the merchandise from February 1 (cost of goods returned was $190). Cycle Wholesaling uses a perpetual inventory system, and it allows returns only within 15 days of initial sale. Required: 1. to 3. Prepare the journal entry to record the sales, Goods returned on February 9 and Cash collected on March 2. 4. Calculate the gross profit percentage for the sale to Sarah’s Cycles.
Answer: Please find explanation column for answers
Explanation:
a)Journal To record sales of merchandise
Date Accounts titles Debit Credit
Feb 1 Account receivable 1200
Sales revenue 1200
Journal To record cost of goods sold
Cost of goods sold 700
Merchandise inventory 700
b)Journal To record sales return
Date Accounts titles Debit Credit
Feb 9 Sales return and allowance (1200/4) 300
Account receivable 300
To record cost of goods returned
Merchandise inventory $190
Cost of goods sold $190
c)Journal To record cash collection
Mar 2 Cash (1200 -300) $900
Account receivable $900
d) Gross Profit percentage = Net Profit/Net sales =Net sales - cost oof goods sold/net sales
Cost of goods sold = cost of goods sold - cost of goods retuened = 700- 190 = 510
Net profit/ net sales = 900- 510/ 900=490/900= 0.54 = 54%
in the past giving money to charity was the norm, but that is changing. how?
Answer:
i know every one is spending money on apperence
Explanation:
a. Sold merchandise for cash (cost of merchandise $20,797). $ 35,200 b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $240 ). 400 c. Sold merchandise (costing $3,800 ) to a customer on account with terms n/60. 8,000 d. Collected half of the balance owed by the customer in (c). 4,000 e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 128 Hair World is considering a contract to sell merchandise to a hair salon chain for $13,000. This merchandise will cost Hair World $9,040. What would be the increase (or decrease) to Hair World’s gross profit and gross profit percentage?
Answer:
The Gross profit will be "18315".
Explanation:
Gross sales
= [tex]35200+8000[/tex]
= [tex]43200[/tex]
Less:
Sales return
= [tex]-400[/tex]
Less:
Sales allowance
= [tex]-128[/tex]
The net sales will be
= 42672
So,
⇒ Cost of goods sold = [tex]20797+3800-240[/tex]
= [tex]24357[/tex]
⇒ Gross Profit = [tex]Net \ Sales-Cost \ of \ goods \ sold[/tex]
= [tex]42672-24357[/tex]
= [tex]18315[/tex]
1.What is a business transaction?
Answer:
A business transaction is an event involving an interchange of goods, money or services between two or more parties.
Explanation:
A business transaction is an event involving an interchange of goods, money or services between two or more parties. The business transacted can be between two parties engaged in business and conducting the transaction for their mutual benefits, or between a business entity, like a retail shop, and a customer.
what policy is a way the SEC protects investors
What is the difference in hormones of powerful people vs powerless? Testosterone/cortisal?
Answer: the powerless people are still very powerful with out a power vs the powerful people that have power are still weak and only powerful and strong due to the power they have.
Explanation:
i dont really know how to explain it.
Answer:
People with more of the hormone testosterone have more strength because that is the job of this specific hormone
Workers are responsible for the production of goods in a business,
but business owners exploit their workers.
A) Workers should revolt,
B) take over the businesses,
C) set up a government to run the economy on their behalf.
Which political thinker would be most likely to agree with this statement
Answer:
Karl Marx
Explanation:
Many people only remember Marx for his theories about extreme socialist governments that eventually led to communism in other parts of the world. But he actually did understand how capitalism worked, added value theories, the way capital ($) worked, and he believed that capitalism was a necessary stage in the development of society. As an economist he was brilliant, but then he turned into a sort of philosopher.
Problems started when he said that after capitalism had led to an unprecedented economic growth, then it would be time for the workers (proletariat) to take over and lead economic systems. This rule by the working class would eventually lead to a fair society where everyone would be able to prosper.
Marx's economic theories are utopian, they call for a nearly perfect world, but humans aren't perfect. If you like Star Trek, you should recall that the world runs just like Marx wanted to. The economy and living conditions are based solely on your work, that is why the world was able to unite under one single federation. But as much as I would really like to travel at warp speed, it is not possible, and I really doubt that Marx's ideas are possible either.
After restarting a customers complaint the employee should A. Investigate the problem B. Take actin C. Listen to the customer D. Thank the customer for the complaint
what are expenses from those:
1. premises
2. Machinery
3. Rent received
4. Advertising
5. Motor Vehicle
6: Motor expense
Budgeting for Needs
Select the items that are needs from your credit card statement.
CREDIT CARD STATEMENT
Last Month
Groceries$200
Movie rentals$15
Concert tickets$120
Internet services$60
Fitness class$35
Go-kart racing$50
The items that are needed from your credit card statement are Groceries $200, Internet Services $60 and Fitness Class $35. The correct options are a, d and e.
What is a credit card?A credit card is a thin rectangular piece of plastic or metal issued by a bank or financial services company that allows cardholders to borrow funds with which to pay for goods and services with merchants that accept cards for payment.
Credit cards impose the condition that cardholders pay back the borrowed money, plus any applicable interest, as well as any additional agreed-upon charges, either in full by the billing date or over time.
In addition to the standard credit line, the credit card issuer may also grant a separate cash line of credit to cardholders, enabling them to borrow money in the form of cash advances that can be accessed through bank tellers, ATMs, or credit card convenience checks.
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Can we run our business without training or not? Give reason.
Answer:
Ha we can run our business if we have knowledge
and we have the grip on it and first we have to put interest.
Answer:
Yes we can start our own bussiness without training. We just have to start the bussiness in the field of that thing, in which we are the most expert.
Consider the case of Demed Inc.: Demed Inc. has 9% annual coupon bonds that are callable and have 18 years left until maturity. The bonds have a par value of $1,000, and their current market price is $1,130.35. However, Demed Inc. may call the bonds in eight years at a call price of $1,060. What are the YTM and the yield to call (YTC) on Demed Inc.’s bonds? Value YTM YTC If interest rates are expected to remain constant, what is the best estimate of the remaining life left for Demed Inc.’s bonds? 18 years 13 years 5 years 8 years If Demed Inc. issued new bonds today, what coupon rate must the bonds have to be issued at par?
Answer:
A) YTM = 7.64%
B) YTC = 7.36%
C) 8 years
D ) 7.64%
Explanation:
Annual coupon bond rate = 9%
number of year left until maturity = 18
par value of Bonds( FV ) = $1000
current market price( PV ) = $1130.35
Demed can call bonds in 8 years at a call price of $1060
A) what is the Bonds' YTM ( yield to maturity )
we calculate the interest per period ( PMT )
= ( Fv * Annual coupon bond rate) / number of compounding per year
= (1000 * 9% ) / 1 = $90
next we calculate number of compounding periods till maturity ( NPER )
= number of years to maturity * number of compounding per year
= 18 * 1 = 18
using excel formula = RATE ( NPER,PMT,PV,FV) )
hence yield to maturity = 7.64%
B) what is YTC ( yield to call )
we calculate the interest per period ( PMT )
= $1000 * ( coupon rate / number of compounding per year )
= $1000 * ( 9% / 1 ) = $90
next we calculate the number of compounding periods till sell
= 8 * 1 = 8
using excel formula = RATE ( NPER,PMT,PV,FV) )
Hence the YTC = 7.36%
C) Bonds will be called at 8 years and this is because the YTC is less than YTM
D ) The coupon rate for the bonds to be issued at par, is 7.64%
Can someone hurry and help me please!! If you answer be at least 99% sure. Thank you!
What is a likely result of an increase in trade between nations?
A. It will provide consumers with more choice at lower prices.
B. It will increase the cost of goods due to increased competition.
C. It will lower the standard of living in the weaker trade nation.
D. It will restrict the market for domestic products.
Answer:
The answer is A. It will provide consumers with more choice at lower prices.
Explanation:
Option (a), which will give customers more choices at a reduced cost, is the best choice.
What is a likely outcome of an increase in international trade?Trade allows for the expansion of markets and access to products and services that might not otherwise be available locally. The competitiveness in the market has increased as a result of global trade. The cost of the final product for the consumer is reduced as a result of increased pricing competition.
Because it promotes market specialization, fosters innovation, and decreases the cost of commodities globally, trade is crucial for maintaining a competitive global economy. A further benefit of trade is having access to goods and services that may be more affordable and of higher quality than those that are provided domestically.
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What are the subjects of economics
Answer:
Econometrics.
Economic policy.
Legal studies.
Money and banking.
Global finance.
Economic history.
International trade.
Collective decisions.
Explanation:
I believe this is what you are asking for. Hope this is helpful :).
Who or what is responsible for buying the vast majority of the goods and services that are produced in the United States?
1. Businesses
2. Individual Consumers
3. The Federal Government
4. Local governments
02.01 LC)
Work you do for pay is called a _____.
A. service industry
B. diverse workforce
C. job
D. volunteer job
True or False: when writing a check, it is not necessary to fill in the Memo line. *
True
False
Answer:
true
Explanation:
It's not essential that you fill out this field, since it isn't required to cash or deposit the check. But entering a memo can help you and the recipient keep clear records.
Workplace harassment protects only a isn’t harassment that is physical in nature?
how might a business such as sports direct benefit from buying brand names from struggling firms? (economics question)
Answer:
most people usually buy brand name products because they think it is durable,Although it is durable its expensive. We can find other clothes that are just as good but cheaper. Therefore business can benefit because people would buy the product. So the business will get more income.
Which statement WOULD NOT be true about the value of career research?
There are many careers that would support your well-being, Career exploration allows you to find the one
that pays the most so your well-being is enhanced to the highest degree.
Opinions from different people working in the occupation should be considered before ruling out a
particular career.
Current job availability and the outlook for future employment are as essential to consider as whether you
have the skills, interest and abilities to pursue a particular career.
Everyone values different aspects of an occupation. One person might value the flexible schedule a
particular job offers and another might care more about the amount of training that career might require.
Answer: There are many careers that would support your well-being. Career exploration allows you to find the one that pays the most so your well-being is enhanced to the highest degree
Explanation:
When making a career research, it's vital to consider the opinion of the people that already have that career as their occupation as they already have the required knowledge concerning the job.
Also, one should consider the availability of job, the skills, abilities that one has and the future prospects of the job.
Furthermore, we all have something we value about careers and our opinions regarding that might be different.
Therefore, the correct option is "There are many careers that would support your well-being. Career exploration allows you to find the one that pays the most so your well-being is enhanced to the highest degree". This is false.
How do alternatives relate to thoughtful decisions
Sheridan Company took a physical inventory on December 31 and determined that goods costing $225,000 were on hand. Not included in the physical count were $24,200 of goods purchased from Pelzer Corporation, FOB shipping point, and $21,200 of goods sold to Alvarez Company for $29,200, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end.
Answer:
$270,400
Explanation:
FOB shipping point: (transfer of risk and reward takes place when the goods are shipped for transfer.
The purchased inventory that was not included are under FOB shipping point, which means that the risks and rewards associated with the inventory has been transferred at the year end. Hence the ownership has been shifted. This means the purchase must be included in the inventory.
FOB destination: The transfer of ownership takes place once the other party receives the order.
As the sold inventory are under FOB destination, which means that the risks and rewards assoiciated with the inventory are not yet transferred. Hence the ownership has not been shifted. This means the sold inventory must be included in the inventory.
Calculation:
Goods on Hand $225,000
Goods Purchased FOB Shipping Point $24,200
Goods Sold on FOB Destination $21,200
Goods on Hand on December 31 $270,400
You earn $50,000 per year, and paid 10 percent in taxes this year. The government increased the tax rate to 20 percent for next
year. Which amount will you pay in taxes next year?
A) $1,000
B) $2.000
C) $5,000
D) $10.000
Answer:
D. $10,000
Explanation:
The answer is D because as you earn $50,000 every year, and for the next year the tax rate is 20%, 20% of $50,000 is $10,000. Hope it helps!
On September 3, 2018, Able, a single individual, purchased § 1244 stock in Red Corporation from his friend Al for $60,000. On December 31, 2018, the stock was worth $85,000. On August 15, 2019, Able was notified that the stock was worthless. How should Able report this item on his 2019 tax return?
He should ask them why it was worthless then after a while of thinking maybe have and idea on how to use it again
Which does branding accomplish
Answer:
A. creates a positive association
Explanation:
Which of the following is not included in the heading of a cover letter? a. Applicant's contact information b. Date C. Employers contact information d. Salutation
Answer:
It's D... Just took the test
Which statement best describes one way businesses participate in the
circular flow of goods?
A. Businesses trade goods between product and resource markets.
B. Businesses provide revenue to households that sell products.
C. Businesses create goods for product markets to sell.
D. Businesses provide the labor that works in resource markets.
Businesses create goods for product markets to sell is the statement best describes one way businesses participate in the circular flow of goods. Hence, option C is correct.
What is circular flow of goods?The circular flow of goods shows the distribution of the goods and services between the production and households.
It is the never ending process of the circular flow between expenditure, income, production of goods and services.
Thus, option C is correct.
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Answer:
C. Businesses create goods for product markets to sell.
Explanation:
What are the three basic levels of food service employees?
A
Beginning, intermediate, and advanced
B
Entry, skilled, and supervisory
с
Novice, trainee, and professional
D
Assistant, apprentice, and master
Answer:
entry,skilled, and supervisory
Explanation:
these job categories are entry level
The three basic levels of food service employees are: B
Entry, skilled, and supervisory.
The Entry-level is the lowest level, requiring no little education or training. Those at this level mainly engage in serving the customers, cleaning dishes, and undertaking some other menial jobs within the food-service chain.
Above the entry-level is the skilled-level. Skilled-level employees include chefs, bakers, and other culinary specialists, who require some years of training and education to be certified as qualified professionals.
The last in the basic level of food service employees are those who supervise both the entry-level and skilled-level personnel. At this level, supervisors require managerial attributes, soft skills, and leadership to maintain the relationships between the lower-level employees and the senior (strategic) managers.
Thus, there are three basic levels of food service employees starting with entry, skilled, and supervisory levels.
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