Acme Partnership reported the following items of income and expense: Sales $200,000 Cost of goods sold 115,000 Interest expense on bank line of credit 13,000 Charitable contributions 2,000 Administrative expenses 50,000 Long-term capital gain 10,000 What amount should be reported as ordinary income
The amount that ACME Partnership should report as ordinary income is $83,000.
Data and Calculations:
Sales Revenue = $200,000
Cost of goods sold = 115,000
Gross profit = $85,000
Administrative expenses 2,000
Operating income = $83,000
Interest expense 13,000
Taxable income $70,000
Charitable contributions 2,000
Long-term capital gain 10,000
The operating income is the ordinary income before determining the eligibility of the charitable deductions and the long-term capital gain.
Thus, the ordinary income of ACME Partnership is $83,000.
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a mattress manufacture paid its retailer, bed head, a sum of money to have bed head feature its mattresses in its weekly advertising flyers, radio spots, newspaper ads, and email campaigns. this is an example of a manufacturer giving ________ to its retailer.
The example stated in this question where mattress manufacture paid its retailer as well as bed head so that some features can be added to his mattress for advertisement is Personal allowances.
Personal allowances can be regarded as final deductions that is removed from the individual taxpayer's net income so that they can get the taxable Income.Good example is demonstrated in the question whereby the mattress manufacture paid its retailer and the bed head.Therefore, the correct term is Personal allowances .
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Conduct a SWOT analysis between public and private universities of Bangladesh. Use the
internet to locate organizations charts for five different organizations. (or use the data from
the internet to draw the organization charts yourself.) look for similarities and differences
among them and try to account for what you find.
There are 53 public universities in Bangladesh, 97 private universities and 3 international universities. The organizational structure of these universities is functional, where resources are organized by departments.
They also have a linear, matrix, hybrid and project-based structure. The similarities between public and private universities are related to the functional structure.
Public universities are controlled by the government and are subsidized, while private universities are run by the private sector and all are affiliated with a commission created in accordance with the presidential order, called the University Grants Commission.
SWOT analysis is a tool that allows an organization to analyze the characteristics of its internal and external environment that impact its development.
In the micro environment, strengths can be related to the faculty, growth rates, student body and weaknesses therefore can be related to structure, centralized command and educational and institutional policies.
In the macro environment, opportunities may be related to foreign investment and educational development programs. On the other hand, threats related to social inequality, which prevent students from entering university, bureaucracy and insecurity.
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When Clorox introduced bleach in a no-drip bottle, the firm was taking action consistent with its product being in the ____ stage of the product life cycle.
Answer:
maturity
Explanation:
A printer will produce 80 wedding invitations for $210. The price to produce 120 invitations is $290. The printer uses a linear function to determine the price for producing different amounts of invitations. How much will the printer charge to produce 60 invitations? $120. 00 $145. 00 $157. 50 $170. 0.
Answer:
120.00
Explanation:
What do you call to the agreement between the company and the establishment that allows certain staff to charge back the costs and expenses to the company?
Answer:
The Service Level Agreement (SLA)
Explanation:
A service-level agreement (SLA) is a contract between a service provider and its customers that documents what services the provider will furnish and defines the service standards the provider is obligated to meet. A service-level commitment (SLC) is a broader and more generalized form of an SLA. The two differ because an SLA is bidirectional and involves two teams. In contrast, an SLC is a single-directional obligation that establishes what a team can guarantee its customers at any given time.
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In the _____ stage of the advertising development process, Fallon account managers and clients must set the campaign budget. Campaign budgets can range from a few thousand dollars for online advertising to a few million for a network television advertisement.
Answer:
Planning Phase
Explanation:
During an interview, in addition to asking the questions you prepared in advance, make sure that you ask Question 3 options: closed questions. open questions. primary questions. secondary questions.
In addition to asking questions prepared in advance, applicant must make sure they ask Closed-ended questions
Closed-ended questions refers to the questions which can only be answered from selection of limited number of options.
Examples of closed-ended question during an interview is "When should i expect a mail from you sir?", What are the ideal quality of staffs you are seeking for?" etc.Hence, during an interview, in addition to asking questions prepared in advance, applicant must make sure they ask Closed-ended questionsTherefore, the Option A is correct.
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Bear State Bank has decided that tellers must rotate through a new weekend shift on Saturday afternoons because several of its financial competitors have recently begun to offer additional hours to customers. Bear State Bank is implementing a(n) ________ change. Multiple Choice adaptive reactive innovative radically innovative
In this scenario of the bank rotating a new weekend shift, then, we can say the bank is implementing an innovative change.
In organization development, innovative changes are very important because its helps to creates or captures a new organizational value in a new way.
Normally, there will have been series of operation innovation performed in the organization, but here, the is a change in innovation because of the adjustment and rotation of new weekend shift.
In conclusion, the Option B is correct because bank is implementing an innovative change.
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For her purchase, Nadine selects the best deal from two coupon codes offered by a store, one that she received by email and one from a text. Which marketing technique is Nadine benefiting from
Considering the situation described above, the marketing technique Nadine is benefiting from is known as the "Omnichannel strategy."
This is because the Omnichannel strategy allows business firms to meet their customers' needs right at the point where they are.
Thus, in this case, where Nadine selects the best deal from two coupon codes offered by a store, one that she received by email and one from a text, is a form of Omnichannel strategy.
This is because Nadine got her products or sales right without necessarily moving to the store.
Hence, in this case, it is concluded that the correct answer is the Omnichannel strategy.
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Needs for operating funds include ______. (Select all that apply) Multiple select question. controlling credit operations increases in stock price acquiring needed inventory making capital expenditures
Operational fund needs are simply known to be the amount one needs to keep current asset investments afloat. Needs for operating funds includes;
Making capital expendituresAcquiring needed inventoryControlling credit operationsCompanies often create their production cycle using control criterion that is affected by inventories, customer loans and basic cash needs.
Operating funds is used by firms to finance their purchasing program. The Key components to financial sustainability are;
Access to CapitalProfitability ReportingPlanningLearn more from
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which of the following occurs when a real estate agent or buyer persuades an owner to sell their property at a deflated amount, based on the notion that other houses in the neighborhood are being acquired by individuals of another race or class?
Blockbusting is known to occur when real estate agent persuades the owner to sell its property at a deflated amount.
Blockbusting is also referred to as panic selling.
Blockbusting is referred to as illegal practice where a buyer or estate agent convinces homeowners to sell their property below the fair market value by scaring them of false facts..Hence, term called "Blockbusting" is known to occur when real estate agent persuades the owner to sell its property at a deflated amount.
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three brothers operating a business where the action of one brother is binding on the other two brothers
what type of business organization is this?
Considering the situation above, the type of business organization is "General Partnership."
This is because General Partnership, like other types of partnership in the business organization, usually involves a minimum of two people and a maximum of fifty people.
In the general partnership arrangement, all partners have independent authority to bind the business to agreements and loans and are equally liable to debts and legal obligations.
Given that the action of one brother is binding on the other two brothers, this is a form of General Partnership.
Other types of the partnership include the following:
Limited partnershipLimited liability partnershipLimited liability limited partnership.Hence, in this case, it is concluded that the correct answer is General Partnership.
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________ teams have been found to have a positive effect on productivity and attitudes of control, yet no impact on job satisfaction or organizational commitment.
According to the management system, self-managed teams have been found to have a positive effect on productivity and attitudes of control, yet no impact on job satisfaction or organizational commitment.
This is because self-managed teams are responsible for taking part in the planning and scheduling of the workflow process.
They are also involved in the technical part or tasks of the job, thereby making the work cumbersome with a high probability of low job satisfaction.
Because self-managed teams are involved in planning and workflow processes, they positively affect productivity and control attitudes.
Hence, in this case, it is concluded that the correct answer is "Self-managed teams."
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When Burger World considered adding Italian beef to its menu, the company made the sandwiches available in some of its more established markets to determine customer reactions. That process is called
This process that Burger World embarked on in order to test customer reactions is known as Test Marketing
Test Marketing:
Involves a limited release of a new product Is done to check how customers will react to the productIf customers like the product then the company will start producing it in a higher quantity because it means that the product will likely be successful.
In conclusion, Burger World was engaging in Test marketing.
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what is the maximum number of characters allowed in the account number field?
Answer:
The following is a list of the maximum number of characters (letters, numbers and so on) that you can enter in the fields specified: Account Name: 31 Account Numbers: 7 Amount: 99,999,999.99 (Maximum number allowed)
Explanation:
what career cluster do you get to design build and destroy thing
Answer:
Construction
Explanation:
1. What's the main reason our culture has normalized credit cards over the past 60 years? What can we do to change the normalization of debt in the future?
Our culture has become accustomed to debt mainly because the capitalist system in which we find ourselves favors the management of loans for the acquisition of goods and services.
These, due to their cost, are difficult or impossible to access through cash payments without any type of installment or ease of payment.
Therefore, credit cards are ways of acquiring debt to finance certain consumption, which is why they have become a financial tool that is totally socially accepted.
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On August 1, Harris Co. determines that it cannot collect $200 from its customer, L. Dash. Harris Co. uses the direct write-off method, so they will record the write-off of this account by debiting:
Answer:Bad Debt Expense
Explanation:
Accounts receivable would be credited under the allowance method
How does Truth-in-lending benefit consumers when shopping for a loan? a. Truth-in-lending allows consumers to be frank with the lenders and talk about very personal things. B. Truth-in-lending requires all lending institutions to eventually convert all of their loans to fixed interest rates. C. Truth-in-lending requires consumers to admit whether or not they can actually afford the loan they’re applying for. D. Truth-in-lending allows consumers to know every cost that is associated with the loans they research and apply for, and helps them reach the optimal decision.
Answer:
A
Explanation:
Truth-in-lending allows consumers to be frank with the lenders and talk about very important things
Answer: D
Explanation:
Truth-in-lending allows consumers to know every cost that is associated with the loans they research and apply for, and helps them reach the optimal decision.
taking the test rn edge 21-22
Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called
Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.
Prestige products are products that are of a high quality, high value and costly which are often purchased by people because of the benefit they will derived from it.
Most people tend to buy prestige products in order to increase their status in the society and they will often go for the product without minding how costly the product are.
Example of prestige product is buying a luxury car or items such as wrist watch that are very expensive.
Inconclusion products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.
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Shout Magazine focuses its marketing efforts on reaching teen-aged girls interested in fashion and celebrity culture. The firm believes that they are positioned to profitably serve this group of consumers. Shout utilizes the strategy of
Considering the situation described above, Shout utilizes the strategy of Concentrated Marketing.
Concentrated Marketing is a type of Marketing strategy whereby firms or companies direct all endeavors and resources to develop and market a product for a particular target group segment.
Thus, when Shout Magazine focuses its marketing efforts on reaching teenaged girls interested in fashion and celebrity culture, this is a form of Concentrated Marketing.
Concentrated Marketing is often referred to as Niche Marketing, and it is considered more effective in small businesses.
Hence, in this case, it is concluded that the correct answer is "Concentrated Marketing."
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When determining a product mix where there is a constraint resource, a company should consider ________.
it is advisable that a company considers the contribution margin per unit of the constraint resource when determining the product mix.
The Product mix refers to the complete set of products offered by the firm.
The constrained resource means the resources that a firm have a limited amount of.Therefore, it is advisable that a company considers the contribution margin per unit of the constraint resource when determining the product mix.
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Goods that are excludable include both A. club goods and public goods. B. public goods and common resources. C. common resources and private goods. D. private goods and club goods.
The goods that are excludable are private goods and club goods. The correct answer to this question is option D.
The club goods are those goods that can be artificially scarce. These goods are non rival in nature but the excludability is quite high.
Private goods on the other hands are those goods that have their usage and consumption restricted to only one person or group.
Such goods can only be used by one party.
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What is it called when one power controlled the trade exports?
Explanation:
This is called colonization. It is not in order when one power controls the trade exports of another, Every individual and every given state has got power to transact its businesses at any time without being forced or discriminated by any of the systems in power.
As a debtor, federal laws protect your right to:
A. have your wages garnished by a debt collector.
B. delay payments of interest to a debt collector.
C. verify the amount of debt a debt collector claims you owe.
D. be contacted by a debt collector any time of day.
Answer:
C
Debtor-creditor law governs situations where one party is unable to pay a monetary debt to another. There are three types of creditors. First are those who have a lien against a particular piece of property. This property (or proceeds from its sale) must be used to satisfy the debt to the lien-creditor before it can be used to satisfy debts to other creditors. A lien may arise through statute, agreement between the parties, or judicial proceedings. See, e.g., Secured Transactions and Mortgages. Secondly, a creditor may have a priority interest. A priority arises through statutory law. If a creditor has a priority his debt must be paid when the debtor becomes insolvent before other debts. For example, Congress has granted priority to debts owed the Federal government. See Federal Tax Lien Act. The final type of creditor is one who has neither a lien against the debtor's property or is the subject of a statutory priority.
Non-bankruptcy debtor-creditor law arises mainly from state statutory and common law. Tort law, such as defamation, provides a means for state courts to limit private means of debt collection. States also regulate debt collection through statute. Congress has enacted the Fair Debt Collection Practices Act to regulate some debt collectors.
Creditors use judicial and statutory processes to have debts satisfied. Attachment is a limited statutory remedy whereby a creditor has the property of a debtor seized to satisfy a debt. Garnishment allows a creditor to collect part of a debt (for example wages) to satisfy the obligation. Replevin allows a creditor to seize goods, such as a security interest, that he or she has a property interest in, to satisfy the debt. Receivership involves the appointing of a third party by a court to dispose of the debtor's property in order to satisfy the debt. Creditors commonly seek to create a lien on a debtor's property through a judicial process of lien creation, which is governed by state law. Once a lien has been created state statutory law governs how the lien is executed against the debtor's property. The sale of property subject to a lien to satisfy the debt is also governed by state statutory law. Federal and state statutes, and the Federal Consumer Credit Protection Act also limit the type of property that can be used to satisfy a debt.
A debtor may attempt to fraudulently convey a piece of property to avoid having it seized. State laws seek to prevent this type of property transfer. Many states have adopted the Uniform Fraudulent Conveyances Act or its successor, the Uniform Fraudulent Transfer Act.
The federal laws protect the debtor's right to verify the amount of debt that the debt collector claims you owe.
Who is a debt collector?This is the entity that is employed to regularly collects debts owed to others especially when those debts are past.
However, as a debtor, the federal laws protect their right to verify the amount of debt that the debt collector claims they owe.
Therefore, the Option C is correct.
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if, after reflecting on the nature of leadership you decide that all leaders must treat their followers with respect, then you have identified a leadership model.
Answer:
Behavioral
Explanation:
___________ change introduces a new practice to an organization but one that is not new to the industry.
The answer would be Innovative.
It's better to use a debit card instead of a credit card when making online purchases. *1 pointTrueFalse
Answer:
F
Explanation:
Something that serves as a model for others to copy is a