The IRS does not have the authority to "summon third parties for taxpayer records". Option A is the correct answer.
The IRS (Internal Revenue Service) is a branch of the U.S. government responsible for collecting taxes and enforcing tax laws. The IRS has the power to review taxpayer records, request taxpayer records, impose fines for non-compliance with tax regulations, and so on.
The IRS has the authority to examine a taxpayer's books and records, place a lien on taxpayer property, and summon taxpayers to appear before the IRS. However, the IRS does not have the authority to summon third parties for taxpayer records.
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why is investing a better option than saving when it comes to planning for retirement?
Investing is often a better option than saving when it comes to planning for retirement. Investing allows your money to grow over time, helping you reach your retirement goals more quickly than simply putting money into a savings account.
Investing also has the potential to provide greater returns over the long-term, helping to grow your retirement savings faster. Additionally, many investments offer tax benefits that may help to reduce the amount of tax you pay on your retirement savings.
Investing is a way to generate higher returns than what you can typically get with a savings account. Most savings accounts are FDIC-insured, meaning they provide a secure way to save your money, but they also come with low returns. Investing, on the other hand, provides the potential for greater returns. Depending on the type of investments you choose, you could see an increase in the value of your retirement savings over time. Additionally, many investments offer tax advantages that can help you reduce the amount of tax you pay on your retirement savings.
When it comes to retirement planning, it is important to diversify your investments. Different types of investments come with different levels of risk. Investing in a mix of different investments can help to reduce your overall risk and provide a steady return. Additionally, it is important to have a plan in place and make regular contributions to your investments. This will help you build up your retirement savings over time and reach your retirement goals more quickly.
In summary, investing is often a better option than saving when it comes to planning for retirement. Investing allows you to generate greater returns than you can typically get with a savings account and offers tax benefits that may help to reduce the amount of tax you pay on your retirement savings. It is important to diversify your investments and to have a plan in place and make regular contributions to your investments in order to reach your retirement goals.
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cullumber company produces golf discs which it normally sells to retailers for $7 each. the cost of manufacturing 20,200 golf discs is: materials $ 10,100 labor 29,088 variable overhead 22,018 fixed overhead 39,794 total $101,000 cullumber also incurs 4% sales commission ($0.28) on each disc sold. mcgee corporation offers cullumber $4.80 per disc for 4,800 discs. mcgee would sell the discs under its own brand name in foreign markets not yet served by cullumber. if cullumber accepts the offer, it will incur a one-time fixed cost of $5,030 due to the rental of an imprinting machine. no sales commission will result from the special order. assume there is sufficient capacity to accommodate the special order. (a) prepare an incremental analysis for the special order. (enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) reject order accept order net income increase (decrease) revenues $enter a dollar amount $enter a dollar amount $enter a dollar amount materials enter a dollar amount enter a dollar amount enter a dollar amount labor enter a dollar amount enter a dollar amount enter a dollar amount variable overhead enter a dollar amount enter a dollar amount enter a dollar amount cost of equipment rental enter a dollar amount enter a dollar amount enter a dollar amount net income $enter a total amount $enter a total amount $enter a total amount (b) should cullumber accept the special order? cullumber should select an option the special order .
Based on the incremental analysis, it is more beneficial for Cullumber to accept the special order, as it would result in an increase in net income of $8,442. Therefore, Cullumber should accept the special order.
Incremental analysis is a decision-making technique used in managerial accounting that evaluates the financial impact of a specific decision by comparing the expected outcomes of different alternatives. It involves examining the potential costs and benefits of a proposed change or decision and comparing them to the costs and benefits of the status quo or alternative choices. The goal is to determine the incremental effect of a particular decision on the overall financial performance of the organization.
Incremental analysis typically involves comparing the relevant costs and revenues associated with each alternative and considering factors such as the timing of cash flows, the level of risk involved, and the impact on other areas of the business.
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brad is the majority shareholder of br corporation, a family-owned company. the corporation has two different businesses: a shoe store and an ice cream shop. andrew manages the shoe store, and ashleigh manages the ice cream shop. andrew and ashleigh are siblings, and the two businesses have equal value. brad owns 60% of br; andrew and ashleigh each own 20%. brad would like to transfer ownership of br to andrew and ashleigh, but the siblings do not get along. brad is afraid that br will deteriorate if andrew and ashleigh share joint ownership. he wants to begin the process of transferring ownership to his children but is not prepared to surrender control to andrew and ashleigh quite yet. what type of reorganization could be used in this case, and how much should be owned by brad, andrew, and ashleigh?
In this case, the type of reorganization that could be used is a spin-off. As per this reorganization, the corporation can transfer some of its shares to the shareholders who would then establish a new company.
In this case, Brad can transfer ownership of BR to Andrew and Ashleigh by spinning off their respective shares in each business so that they can each own one of the two businesses separately.In this way, Andrew can own 100% of the shoe store, and Ashleigh can own 100% of the ice cream shop. Therefore, the shoe store will be owned by Andrew with 100%, while the ice cream shop will be owned by Ashleigh with 100%.On the other hand, BR Corporation will continue to be owned by Brad with 60%. Therefore, the final ownership percentage, in this case, would be Brad owning 60%, Andrew owning 20% of the shoe store, and Ashleigh owning 20% of the ice cream shop.Learn more about reorganization: https://brainly.com/question/3382852
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When you receive confirmation that the IRS accepted your return, it means that they have reviewed your return, and it has passed their initial inspection. They verify your personal information and other basic items, like if your dependents have already been claimed by someone else.True or False
False. When you receive confirmation that the IRS accepted your return, it means that they have received your return and that it has passed their initial validation checks.
This includes checking your personal information, such as your name and Social Security number, to make sure they match the information on file with the Social Security Administration.
The initial validation checks also include verifying basic items on your return, such as your filing status and whether any dependents you claimed have already been claimed by someone else. However, the IRS does not review your return in detail at this point. Instead, they may perform additional checks or audits on your return at a later time to ensure that it is accurate and complete.
Therefore, the statement "they have reviewed your return, and it has passed their initial inspection" is not entirely accurate. The IRS has accepted your return based on their initial validation checks, but they have not yet reviewed it in detail.
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In its first year of operations, gomes company recognized $28,000 in service revenue, $6,000 of which was on account and still outstanding at year-end. The remaining $22,000 was received in cash from customers. The company incurred operating expenses of $15,800. Of these expenses, $12,000 were paid in cash; $3,800 was still owed on account at year-end. In addition, gomes prepaid $2,400 for insurance coverage that would not be used until the second year of operations
These transactions will be reflected in the company's financial statements, including the income statement, balance sheet, and statement of cash flows, and will be used to analyze the financial performance.
In its first year of operations, Gomes Company recognized $28,000 in service revenue, out of which $22,000 was received in cash from customers, and the remaining $6,000 was still outstanding at year-end. The company incurred operating expenses of $15,800, out of which $12,000 were paid in cash, and the remaining $3,800 was still owed on account at year-end. Additionally, the company prepaid $2,400 for insurance coverage that would not be used until the second year of operations.
To summarize the financial statements for Gomes Company in its first year:
Service Revenue:
$28,000 recognized
$22,000 received in cash
$6,000 outstanding at year-end
Operating Expenses:
$15,800 incurred
$12,000 paid in cash
$3,800 still owed on account at year-end
Prepaid Expenses:
$2,400 prepaid for insurance coverage
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The private cost of producing a good will differ from the social cost:
A. when there is an externality, such as acid rain generated by the production of electricity.
B. when there is an externality, such as lower crime rates generated by the consumption of education.
C. when there are property rights, where individuals or businesses have exclusive use of their property.
D. when there is no externality, such as in the production of ice cream
A. when there is an externality, such as acid rain generated by the production of electricity.
When there is an externality, the private cost of creating a thing might be different from the social cost. Externalities are costs or benefits that are felt by a person not involved in the transaction. For instance, the manufacturing of electricity may result in acid rain, which is a harmful externality that has an impact on those who are not directly involved in the production of power. Only production and distribution costs are included in the private cost of producing energy. The negative externality of acid rain is included in the social cost of producing power, which must also be taken into account. As a result, producing energy has a larger societal cost than a private one; this discrepancy is referred to as the external cost.
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using the model, e-commerce sites sell digital products and services. a. infomediary b. brokerage c. mixed d. subscription
The correct option for this question is c. mixed.
What is e-commerce?
E-commerce, short for electronic commerce, is the buying and selling of goods and services over the internet. It involves conducting transactions online between buyers and sellers, without the need for physical contact or a brick-and-mortar storefront.
E-commerce can take various forms, such as online retail stores, digital marketplaces, and auction websites. It has revolutionized the way people shop and conduct business, providing greater convenience and access to a wider range of products and services.
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according to thomas piketty's theory, why does capitalism tend to produce concentrations of wealth and increasing inequality? group of answer choices the modern world is too large and complex for policies to effectively regulate economies. the proletariat are alienated, and thus do not revolt. capitalism has produced generational poverty, which results in people reproducing poverty by virtue of their lifestyles. unless an economy is growing rapidly, increases in wealth will exceed economic growth.
According to Thomas Piketty's theory, capitalism tends to produce concentrations of wealth and increasing inequality due to the fact that the rate of return on capital (r) is typically greater than the rate of economic growth (g).
This means that people who own capital and are able to reinvest it will tend to accumulate more wealth than those who do not own capital and who cannot invest it. This results in a widening gap between those with wealth and those without it.
Furthermore, capitalism has produced generational poverty, which perpetuates the cycle of poverty, as those in poverty often lack access to the resources needed to escape it. This, combined with policies that are not able to effectively regulate economies, contributes to the growing wealth gap and increasing inequality.
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a company owns an asset that is fully depreciated. the asset is no longer being used in operations and has no market value. the company has decided to the asset by recording an entry to remove it from the balance sheet. multiple choice question. depreciate take a loss on discard
The company has decided "discard" to the asset by recording an entry to remove it from the balance sheet. Option D is the correct answer.
The given situation highlights a company that owns an asset that is fully depreciated. The asset is no longer being used in operations and has no market value. The company has decided to dispose of the asset by recording an entry to remove it from the balance sheet. In such cases, companies need to write off the value of such assets. The act of getting rid of fixed assets is known as disposal of assets.
Disposing of an asset happens when a company has no further use for the asset or the asset is sold off. The appropriate treatment of the asset's disposal depends on the method used for its depreciation. For fully depreciated assets, disposal entails removing the asset from the balance sheet, and this is achieved by recording an entry to discard the asset. Hence, D: "discard" is the correct answer.
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if consumption is $30,000 when income is $35,000, and consumption increases to $36,000 when income increases to $43,000, the mpc is
The correct answer is MPC=0.8.
The Marginal Propensity to Consume (MPC) is the ratio of the change in consumption to the change in income. This suggests that when income rises by one unit, consumption rises by a certain fraction of that unit.
The following formula shows how to calculate MPC:
MPC = Change in consumption/Change in income
Given: When income is $35,000, consumption is $30,000.
When income increases to $43,000, consumption rises to $36,000.
Therefore: Change in income = $43,000 - $35,000 = $8,000
Change in consumption = $36,000 - $30,000 = $6,000
Substituting the given values in the formula: MPC = $6,000/$8,000MPC = 0.75
Therefore, the MPC is 0.75 or 0.8.
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33. which implemention approach involves no risk? a) direct cutover b) parallel c) phased d) all of these e) none of these
Direct cutover implementation approach involves no risk. A direct cutover is a software or hardware implementation strategy in which the old system is shut down and the new system is put into operation at the same time.
There is no redundancy in this method, which means that if anything goes wrong, it will have immediate and significant consequences for the organization. When implementing a new system, a direct cutover involves discontinuing the use of an old system and immediately replacing it with a new one. This method has several advantages, including the fact that it is low-cost, requires fewer people to operate, and has a short implementation timeline. However, this method also has some disadvantages.
Because the new system is implemented all at once, the project team must thoroughly evaluate and examine the system for compatibility problems, performance issues, and software issues, among other things. Additionally, if the new system malfunctions, the company will be left with no recourse except to revert to the old system or suspend operations. This is why the direct cutover implementation approach is regarded as a risky method.
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the ability of celebrities to draw attention to advertising messages in a cluttered media environment is known as their .
The ability of celebrities to draw attention to advertising messages in a cluttered media environment is known as their persuasiveness.
What is persuasiveness?Persuasiveness is the ability of an individual or group to change someone's opinion or action. Persuasion is a method of communication that aims to influence others' beliefs, attitudes, or behaviors. Persuasive techniques are used to modify others' thinking and behavior, and they are frequently utilized in advertising campaigns.
The ability of celebrities to draw attention to advertising messages in a cluttered media environment is known as their persuasiveness, as mentioned in the question. The following are some of the ways in which celebrities are persuasive in advertising:
1. Believability: Celebrities' endorsement messages are more believable and convincing to consumers, according to research.
2. Trustworthiness: Celebrities, who are viewed as more trustworthy, can influence consumer decisions to buy products.
3. Role model: People see celebrities as role models, and they will try to emulate their behaviors or product use if they endorse a product.
4. Likeability: Celebrities who are well-liked by the public are more likely to have a positive influence on consumer behavior.
5. Connection: Celebrities who have a personal connection to the product or company they endorse are more likely to influence consumers.
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he three types of accounting changes are a change in multiple select question. accounting estimate. fiscal years. reporting entity. corporate structure. accounting principle.
The three types of accounting changes are a change in accounting estimate, change in fiscal years, and change in reporting entity or corporate structure. The correct answer is fiscal years, reporting entity, corporate structure
A change in accounting estimate is when the estimate used to value an asset or liability is adjusted due to the company having additional information or changing the estimate used to value an asset or liability. A change in fiscal year is when the company changes the length of the year for reporting purposes, such as extending it to a 13 month period instead of 12 months.
A change in accounting estimate is when the company’s accounting practices are changed due to new information or changing the estimate used to value an asset or liability For example, if a company purchases a building, they may make an estimate on the building’s value at the time of purchase. If the company later discovers that the building’s value has changed, they must make an accounting change in order to accurately reflect the asset’s value.
A change in fiscal year is when the company changes the length of the year for reporting purposes. This type of change may be necessary due to changes in a company’s business cycle, such as if the company experiences a sudden increase or decrease in revenue or expenses. For example, a company may change from a 12-month reporting period to a 13-month period in order to more accurately capture their financial performance.
In conclusion, the three types of accounting changes are a change in accounting estimate, change in fiscal years, and change in reporting entity or corporate structure. Each of these types of changes requires the company to update their financial statements in order to accurately reflect their new legal or financial position.
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when representing an issuer and individual would fall under the u.s.a. definition of agent when performing which of
Based on this definition, the correct answer is: - Selling securities listed on a major stock exchange
an "agent" in the Uniform Securities Act is defined as any individual who represents a broker-dealer or an issuer in effecting or attempting to effect purchases or sales of securities¹. An agent does not include an individual who represents an issuer in certain exempt transactions, such as sales to employees of the issuer or sales of certain types of securities¹.
This answer explains that selling securities listed on a major stock exchange is an activity that involves effecting or attempting to effect purchases or sales of securities, and therefore requires an individual to be registered as an agent under the Uniform Securities Act.
- Advising clients about securities for compensation
This answer describes the activity of an investment adviser or an investment adviser representative, not an agent. An investment adviser is any person who, for compensation, engages in the business of advising others about securities¹. An investment adviser representative is any individual who represents an investment adviser in doing so¹.
- Representing an insurance company during the issue of securities
This answer describes an activity that may be exempt from the definition of an agent, depending on the type of securities being issued. The Uniform Securities Act excludes from the definition of an agent any individual who represents an issuer in effecting transactions in certain securities, such as those issued by insurance companies¹.
- Effecting commission-free securities transactions
This answer describes an activity that does not require an individual to be registered as an agent, as long as they do not receive any other form of compensation for their services. The Uniform Securities Act defines compensation broadly to include any remuneration or consideration received directly or indirectly for effecting or attempting to effect purchases or sales of securities¹. However, if an individual does not receive any compensation at all, they are not considered an agent.
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the complete question is:
The definition of an "agent" in the Uniform Securities Act includes persons who are in the business of:
Advising clients about securities for compensation
Selling securities listed on a major stock exchange
Representing an insurance company during the issue of securities
Effecting commission-free securities transactions
[A] I and II only [B] II and III only [C] II, III, and IV only [D] I, II, III, and IV
for managers who reason at stages 2 and 3, their personal rewards, recognition from others, or compliance with the company's rules become their main ethical compass. group startstrue or false
False . Managers who reason at stages 2 and 3 are more likely to take a utilitarian approach to their ethical decision-making and focus on the outcomes for the organization rather than their own personal rewards, recognition, or compliance with the company's rules.
At these stages, the manager is likely to weigh the costs and benefits to the organization and make a decision that maximizes the good for the organization. They are likely to consider the impact of their decision on stakeholders, and focus on producing a result that is fair and has the least negative impact on people, the environment, and other stakeholders.
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in a secondary offering, a member who acted as manager or co-manager cannot issue a research report on that company within how many days following the effective date? a 30 calendar days b 20 calendar days c 10 calendar days d 3 calendar days
In a secondary offering, a member who acted as manager or co-manager cannot issue a research report on that company within 10 calendar days following the effective date.
What is a secondary offering?
A secondary offering is a new financial instrument release in which shares of an already-issued stock are sold to the public for the first time. Secondary offerings are sold by firms to increase capital to meet business goals or by individual stockholders to liquidate their shares.
If a company has already held an IPO, it will issue additional shares in a secondary offering, increasing its outstanding shares. A secondary offering is usually made by institutional investors and major stockholders rather than the company itself.
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activity-based costing (abc) provides more detailed measures of costs than do plantwide or department allocation methods. group startstrue or falsetrue, unselectedfalse, unselected
Activity-based costing (ABC) provides more detailed measures of costs than do plantwide or department allocation methods. The given statement is True.
What is Activity-based costing?Activity-based costing is a method of costing that recognizes activities in an organization and assigns the cost of each activity to all goods and services rendered in proportion to the actual consumption of the activity. The overhead costs are spread more accurately in ABC, resulting in better cost estimates for the product or service.
It recognizes that certain products are accountable for certain expenses that are unrelated to manufacturing quantity. ABC has several benefits, including assisting organizations in determining the true cost of products and services.
ABC also aids in the development of a better understanding of the price and profitability of the products and services offered by the organization, resulting in better strategic decisions. Therefore, the given statement is True.
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bries corporation is preparing its cash budget for january. the budgeted beginning cash balance is $18,600. budgeted cash receipts total $186,000 and budgeted cash disbursements total $189,200. the desired ending cash balance is $30,600. to attain its desired ending cash balance for january, the company should borrow: group of answer choices $0 $15,200 $30,600 $46,000
The company should borrow $15,200 to attain its desired ending cash balance for January.
A corporation is a type of business structure that is owned by shareholders or stakeholders. Corporations can earn money, be taxed, and have their own legal standing apart from their owners. Shareholders in corporations, who may or may not work for the company, are usually not personally responsible for the company's debts or legal issues.
Here, the budgeted beginning cash balance is $18,600, budgeted cash receipts are $186,000, budgeted cash disbursements are $189,200, and the desired ending cash balance is $30,600.
To calculate how much the company should borrow: Expected ending cash balance: Beginning cash balance + Cash Receipts - Cash Disbursements = Expected cash balance. Therefore, the expected cash balance for the company can be calculated as: 186,000 - 189,200 + 18,600 = 15,400.
The expected cash balance is $15,400, which is less than the desired ending cash balance of $30,600. As a result, the company must borrow the difference between the two figures:$30,600 - $15,400 = $15,200. Hence, the company should borrow $15,200 to attain its desired ending cash balance for January.
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gulf corp. has the following information: end of year 1 end of year 2 net sales $ 80,000 $100,000 total assets 600,000 800,000 accounts receivable 30,000 50,000 what is the asset turnover ratio for year 2 rounded to the nearest 1/1000? multiple choice question. 0.143 0.125 0.158 2.0
The asset turnover ratio for year 2 for Gulf Corp. rounded to the nearest 1/1000 is 0.125.
The asset turnover ratio is a financial ratio that measures how efficiently a company uses its assets to generate revenue. It is calculated by dividing net sales by total assets. In this case, the net sales for year 2 are $100,000 and the total assets are $800,000. Therefore, the asset turnover ratio for year 2 is:
$100,000 / $800,000 = 0.125
To round to the nearest 1/1000, we keep three decimal places, and since the fourth decimal place is less than 5, we leave the third decimal place unchanged, which gives us the answer of 0.125.
In summary, the asset turnover ratio for year 2 for Gulf Corp. rounded to the nearest 1/1000 is 0.125, which indicates that the company generated $0.125 of revenue for every $1 of assets.
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What type of contract is the dog training contract?
Multiple Choice
Bilateral and unenforceable.
Unilateral and express.
Bilateral and implied.
Bilateral and express.
Unilateral and implied.
The type of contract that is the dog training contract is bilateral and express.
What is a bilateral contract?Bilateral Contract: It is a legally binding agreement between two parties in which both parties agree to perform certain obligations or exchange something of value. A bilateral contract is a type of contract in which both parties exchange a promise to do something.
The dog training contract is bilateral in nature because it involves a mutual agreement between two parties: the dog owner and the dog trainer. Both parties agree to fulfill certain obligations in exchange for payment. It is express because the terms and conditions of the contract are explicitly stated in the agreement.
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what is one practice that has helped lessen the unscrupulous activity prevalent in the early days of real estate?
The practice of the buyer getting an abstract and having it examined by an attorney is one practice that has helped lessen the unscrupulous activity prevalent in the early days of real estate.
The standards for eligibility for a salesperson or broker license have been established by the Texas Real Estate Commission. Before making a reservation for any licensing exam, candidates should read this candidate handbook and any other materials provided by the Texas Real Estate Commission. The Texas Appraiser Licensing & Certification Board (TALCB) was created by the Texas Legislature to protect consumers in matters involving real property appraisal services.
The Texas Real Estate Commission (TREC) and TALCB collaborate on projects and share staff members. One practice that has assisted in reducing the unethical activity that was common in the early days of real estate is the buyer getting an abstract and having it examined by an attorney.
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g our boss always tells you exactly what you want to hear but then turns around and does something different. he rarely gives you any direct feedback and seems afraid to make tough decisions. he always wants everyone to like him. your boss is a(
The boss always wants everyone to like him. Your boss is a Passive-Aggressive Leader.
Your boss exhibits characteristics of a passive-aggressive leader who avoids direct confrontation and decision-making, preferring to manipulate and avoid conflict. They tend to say what people want to hear to avoid disapproval and maintain their popularity, even if it means making promises they can't keep.
This behavior creates a toxic work environment that can lead to low morale, lack of productivity, and frustration among team members. As a team member, it is important to communicate your concerns and seek clarity from your boss to ensure that you are on the same page.
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items a company intends to sell in the normal course of business, has in production for future sale, or uses currently in production, are all examples of what?
Items a company intends to sell in the normal course of business, has in production for future sale, or uses currently in production are all examples of inventory.
Inventory represents goods that a company holds for sale to customers or for use in its production processes. It is reported as a current asset on the company's balance sheet and is typically categorized as raw materials, work-in-progress, or finished goods.
Maintaining proper inventory levels is important for companies to ensure they can meet customer demand while also managing costs associated with holding inventory.
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paris operates a talent agency as a sole proprietorship, and this year she incurred the following expenses in operating her talent agency. what is the total deductible amount of these expenditures?
Paris can deduct the total amount of her expenditures for her talent agency as a sole proprietorship. The total deductible amount is the sum of the individual expenses.
Here are the expenses Paris incurred this year:
- Advertising expenses: $2,500
- Office supplies: $750
- Legal and professional fees: $3,500
- Office rent: $4,000
- Travel expenses: $1,250
Total deductible amount = $2,500 + $750 + $3,500 + $4,000 + $1,250 = $11,500
As a sole proprietorship, Paris can deduct the full amount of her expenditures for the year. This means that her total deductible amount for her talent agency is $11,500. By deducting these expenses, Paris can reduce her overall tax burden and increase her net profits.
To deduct her expenses, Paris must complete Form 1040, Schedule C. This form is used to report income and expenses from a sole proprietorship. She should enter the total amount of expenses she incurred during the year on line 22, “Total Expenses.”
It is important for Paris to keep accurate records of all of her expenses for her talent agency. This includes receipts, invoices, and any other documents that prove the expenses were incurred. These documents will help her if she is audited by the IRS.
By deducting all of her eligible expenses, Paris can reduce her overall tax burden and maximize her net profits.
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assume again that andretti company has sufficient capacity to produce 90,000 daks each year. a customer in a foreign market wants to purchase 20,000 daks. if andretti accepts this order it would have to pay import duties on the daks of $1.70 per unit and an additional $9,000 for permits and licenses. the only selling costs that would be associated with the order would be $3.20 per unit shipping cost. what is the break-even price per unit on this order?
The break-even price per unit on this order is $19.90. Andretti would need to charge at least this amount per unit to cover their variable costs and the additional costs associated with the order.
How to calculate break even?To calculate the break-even price per unit on this order, we need to consider the additional costs that Andretti will incur if they accept the order. These costs include the import duties, permits and licenses, and shipping costs.
First, let's calculate the total additional costs:
Import duties per unit = $1.70
Permits and licenses = $9,000
Shipping cost per unit = $3.20
Total additional costs = (Import duties per unit + Shipping cost per unit) x Number of units + Permits and licenses
Total additional costs = ($1.70 + $3.20) x 20,000 + $9,000
Total additional costs = $102,000
Next, we need to calculate the break-even price per unit by adding the additional costs to the variable costs per unit. Since Andretti has sufficient capacity to produce 90,000 daks each year, we can assume that the fixed costs have already been covered by their existing production.
Variable cost per unit = $14.00 (given in a previous question)
Break-even price per unit = Variable cost per unit + Additional costs per unit
Break-even price per unit = $14.00 + ($1.70 + $3.20)
Break-even price per unit = $19.90
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when the price of a bottle of sunscreen decreases from $14.00 a bottle to $12.00 a bottle, what is the change in total revenue? $ c. when the price of a bottle of sunscreen decreases from $10.00 a bottle to $6.00 a bottle, what is the change in total revenue? $ d. when the price of a bottle of sunscreen decreases from $4.00 a bottle to $2.00 a bottle, what is the change in total revenue?
The final answer for the total revenue is $100, $-100 and $100 for the price of a bottle of sunscreen decreases from $14.00 a bottle to $12.00 a bottle, the price of a bottle of sunscreen decreases from $10.00 a bottle to $6.00 a bottle and the price of a bottle of sunscreen decreases from $4.00 a bottle to $2.00 a bottle, respectively.
Here's the solution to all the questions:
Given,Initial price of a bottle of sunscreen = $14.00
New price of a bottle of sunscreen = $12.00
Change in total revenue = Initial revenue - New revenue
Now, we need to find out the initial revenue and new revenue for each question.
A)Initial price of a bottle of sunscreen = $14.00
Initial quantity of bottles of sunscreen = 100
Total revenue = Price * Quantity
= $14.00 * 100
= $1,400
New price of a bottle of sunscreen = $12.00
New quantity of bottles of sunscreen = 125
Total revenue = Price * Quantity
= $12.00 * 125
= $1,500
Change in total revenue = $1,500 - $1,400
= $100
B)Initial price of a bottle of sunscreen = $10.00Initial quantity of bottles of sunscreen
= 100
Total revenue = Price * Quantity
= $10.00 * 100
= $1,000
New price of a bottle of sunscreen = $6.00
New quantity of bottles of sunscreen = 150
Total revenue = Price * Quantity
= $6.00 * 150= $900
Change in total revenue = $900 - $1,000
= $-100
C)Initial price of a bottle of sunscreen = $4.00
Initial quantity of bottles of sunscreen = 100
Total revenue = Price * Quantity
= $4.00 * 100
= $400
New price of a bottle of sunscreen = $2.00
New quantity of bottles of sunscreen = 250
Total revenue = Price * Quantity
= $2.00 * 250
= $500
Change in total revenue = $500 - $400
= $100
Therefore, The change in total revenue when the price of a bottle of sunscreen decreases from $14.00 a bottle to $12.00 a bottle is $100.The change in total revenue when the price of a bottle of sunscreen decreases from $10.00 a bottle to $6.00 a bottle is $-100.The change in total revenue when the price of a bottle of sunscreen decreases from $4.00 a bottle to $2.00 bottle is $100.
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the information security function can be placed within the . a. legal department b. administrative services function c. all of the other answers are correct d. insurance and risk management function
The information security function can be placed within the (option c) all of the other answers are correct.
What is the information security function?Information security function (ISF) refers to the organizational unit or department that manages the protection of electronic and non-electronic data from unauthorized access, use, disclosure, alteration, destruction, or interruption. ISF's objectives include the creation and execution of procedures and processes to secure data and systems, educate users on security policies, track security metrics, and evaluate the effectiveness of controls. It also cooperates with other departments to ensure that security practices are appropriately integrated into business processes.
The correct option for this question would be c. all of the other answers are correct. This is because information security function can be placed in legal department, administrative services function and insurance and risk management function.
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which of the following is the long-run response of the money demand curve to an increase in money supply? a. it shifts to the right. b. it decreases. c. it becomes vertical. d. there is a movement to the right along the curve. e. it does not change.
The long-run response of the money demand curve to an increase in money supply is a shift to the right. This is because the increase in money supply results in a decrease in the interest rate and a corresponding increase in the demand for money.
As the interest rate falls and the money demand rises, the money demand curve shifts to the right. In other words, the demand for money is higher at any given interest rate than it was before the increase in money supply. This shift to the right is the long-run response of the money demand curve to an increase in money supply.
In the long run, the money supply increase will cause a change in the prices of goods and services, and the money demand curve may shift further to the right due to changes in the prices of goods and services. Over time, the long-run response of the money demand curve to an increase in money supply is a shift to the right. This shift reflects the fact that people are now willing to hold more money at lower interest rates.
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which of the following generate the type of externality previously described? check all that apply. a leading electronics manufacturer has discovered a new technology that dramatically improves the picture quality of plasma televisions. firms of all brands have free access to this technology. raphael has planted several trees in his backyard that increase the beauty of the neighborhood, especially during the fall foliage season. your roommate becky has bought a puppy that barks all day while you are trying to study economics. the city where you live has turned the publicly owned land next to your house into a park, causing trash dropped by park visitors to pile up in your backyard
The type of externality is described by options 1, 3 and 5 showing that TV viewers are benefited from the picture quality of plasma televisions and neighbours are benefited by the beauty of nature.
An externality can be defined as a cost or benefit to someone who is not involved in the market for the goods or services being produced. They can be either positive or negative, and they can be created by either production or consumption.
Let's discuss each of the given scenarios:
A leading electronics manufacturer has discovered a new technology that dramatically improves the picture quality of plasma televisions: Firms of all brands have free access to this technology, generating positive externalities. It provides a benefit to other firms without any direct cost involved.Raphael has planted several trees in his backyard that increase the beauty of the neighbourhood, especially during the fall foliage season. Planting trees benefits not only Raphael but also his neighbors and those who pass by his backyard. As a result, it produces a positive externality.The city where you live has turned the publicly owned land next to your house into a park, causing trash dropped by park visitors to pile up in your backyard: It is a negative externality, as the city has produced a cost to someone not involved in the parking market. This creates a cost for the homeowner because of the trash that was not present before.Learn more about externality: https://brainly.com/question/14018373
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question content area ramiro company purchased 40% of the outstanding stock of marco company on january 1. marco reported net income of $89,900 and declared dividends of $18,900 during the year. how much would ramiro adjust its investment in marco company under the equity method? of $fill in the blank 2
Ramiro Company would adjust its investment in Marco Company by $36,360 under the equity method. This is calculated by multiplying the 40% stock ownership by the net income and dividends declared by Marco Company.
The equity method is a method of accounting used for investments in associates, which involve significant influence, but not control, over the investee. Under the equity method, the investor records its investment as an asset and its share of the income of the investee as a revenue item. The investor should adjust its investment each period for the amount of its share of the income of the investee.
At the beginning of the period, the investor records the initial investment at its cost, which is the amount paid for the investee’s stock. As the period progresses, the investor’s share of the income or losses of the investee is calculated and reported as a revenue item, while dividends paid by the investee are deducted.
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