16. Elvis is the owner of a furniture store in a small Southern town. He donated several hundred mattresses to the Red Cross immediately after hearing about the devastation caused in a neighboring state by a hurricane. He was motivated to do so by his desire to help others, by thoughts of the income tax deduction he could take, and by the recognition his store would receive from his act of charity. This is an example of

Answers

Answer 1
charitable contributions deduction

Related Questions

4. You earn $64,000 per year. The government takes 35% in taxes.
a) What's your monthly net pay?
b) You have four months to save for a $3,000 car downpayment. If you save 20% of your net pay
each month, can you reach your savings goal?

Answers

Answer:

Explanation:

35% of $64,000 is $22,400

Yes you can cause if you save 20% of your monthly net pay in 4 months your gonna have $17,920

Zappos' product selection includes performance athletic shoes, outdoor coats, contemporary shirts, couture accessories, and more. This selection best illustrates the firm's: a.product positioning. b.product line depth. c.market niche. d.product mix breadth.

Answers

Answer:

This is an example of product mix because it represents all of the company's product lines put together :)

The process of creating, promoting, and presenting a product to meet wants and needs of consumers is called ___________. Group of answer choices marketing selling distributing retailing

Answers

Advertising is the correct answer

Pls asp

In the United States, which of the following is only provided by the government?
O Health Care
O Police
O Railroads
O Housing

Answers

Answer:

Police

Explanation:

I asked Alexa and that's what she said xD

what is air conditioner and how does its work?​

Answers

Answer:

is a system used to cool down the temperature in an inside space by removing the existing heat and moisture from the room. ... Your air conditioner quickly converts gas into a liquid and back again using chemicals that remove the warm air from inside your home.

The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $50,000. He figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. How many cords of wood would he have to split with this machine to break even

Answers

Answer:

The correct answer is "2000 units".

Explanation:

Given:

Fixed cost,

F = $50,000

Variable cost,

VC = $100 per unit

Price,

P = $125 per unit

Let the units to be sold be "x".

Throughout the case of breakeven,

⇒ [tex]Total \ revenue=Total \ cost[/tex]

⇒                [tex]125x=50000+100x[/tex]

On subtracting "100x" from both sides,

⇒    [tex]125x-100x=50000+100x-125x[/tex]

⇒                  [tex]25x=50000[/tex]

⇒                      [tex]x=\frac{50000}{25}[/tex]

⇒                         [tex]=2000 \ units[/tex]

A $20 bill features which of the following on the reverse?

Answers

Answer:

The United States twenty-dollar bill ($20) is a denomination of U.S. currency. A portrait of Andrew Jackson, the seventh U.S. president (1829–1837), has been featured on the obverse of the bill since 1928; the White House is featured on the reverse.

hope this helps

have a good day :)

Explanation:

Cranston wants a Settlement Option for his beneficiary that will guarantee the beneficiary an income as long as the beneficiary lives. Cranston should choose: A Interest B Life Income Only C Fixed Period D Fixed Amount

Answers

Answer:

sry i don't have this questions answers

An appraiser using the market approach collects many recent comparable sales. If a comparable property has a feature that is NOT present in the subject property, the estimated value of the feature is:

Answers

added to the sales price of the comparable.

A(n) _____ is a problem-solving strategy that involves following a specific rule, procedure, or method that inevitably produces the correct solution.

Answers

Answer:

I think the answer is

An Algorithm is a problem-solving strategy that involves following a specific rule, procedure, or method that inevitably produces the correct solution.

True or false: Many companies are discontinuing defined-benefit plans and moving toward defined-contribution plans, which shifts more responsibility to the company for providing retirement benefits.

Answers

Answer:

False

Explanation:

A defined benefit pension plan is a type of pension plan where the employer gives a promise with respect to the particular pension payment that could be lumpsum for the retirement basis

Since in the question it is mentioned that the companies would not continue with the defined benefit plan and they move to the defined-contribution plans that save for the retirement so that it would create the more responsibility over the company due to this they would provide the retirement benefit but this statement is false as it is better to received the lumpsum amount

The insurance pathway includes worker who deliver services that transfer risk from an individual or business to an insurance company to protect individuals and businesses from financial losses.


True
False

Answers

True i hope it help you.

Match the term with its definition Question 2 options: a method of advertising or selling that uses false claims to lure people into buying worthless or harmful products when a person deceives another person into buying products or services that he or she knows are ineffective or harmful the use of bandages or nonporous garments to compress body parts; also advertised for a method of weight-loss. 6 the best choice for staying hydrated. 5 a trendy weight-loss plan that promises dramatic results and are not healthy for you. 7 contains high levels of sugar and caffeine and has been linked to increases in weight and even obsesity. a product taken orally that contains one or more ingredients (such as vitamins or amino acids) that are intended to boost / be an additive to one's diet and are not considered food

Answers

Answer:

The answer is below

Explanation:

Matching the definition with the right words or terms, we have the following:

1. QUACKERY: a method of advertising or selling that uses false claims to lure people into buying worthless or harmful products.

2. FRAUD: when a person deceives another person into buying products or services that he or she knows are ineffective or harmful.

3. FIGURE WRAPPING: the use of bandages or nonporous garments to compress body parts; also advertised for a method of weight loss.

4. COOL WATER: the best choice for staying hydrated.

5. FAD DIETS: a trendy weight-loss plan that promises dramatic results and is not healthy for you.

6. COCA-COLA: contains high levels of sugar and caffeine and has been linked to increases in weight and even obesity.

7. DIETARY SUPPLEMENTS: a product taken orally that contains one or more ingredients (such as vitamins or amino acids) that are intended to boost/be an additive to one's diet and are not considered food

For an investor seeking a tax sheltered investment, the primary advantage of a real estate direct participation program is the: A high level of liquidity provided by the investment B ability of the program to generate losses for tax purposes but provide positive cash flow C ability to offset passive losses generated by the program against the investor's earned income D ability of the program to generate increasing losses until liquidation Review

Answers

Answer is B. Hope I helped have a good day

A financial statement user would determine if a company was profitable or not during a specific period of time by reviewing the a.income statement b.statement of cash flows c.statement of stockholders' equity d.balance sheet

Answers

Answer:

Income statement

Explanation:

Norbury Corporation's net income last year was $25,000. The company did not sell or retire any property, plant, and equipment last year. Changes in selected balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts: Accounts receivable $ 13,500 Inventory $ (3,600) Prepaid expenses $ 9,000 Accumulated depreciation $ 24,000 Liability Accounts: Accounts payable $ 13,000 Accrued liabilities $ (8,100) Income taxes payable $ 2,700 Based solely on this information, the net cash provided by (used in) operating activities under the indirect method on the statement of cash flows would be:

Answers

Answer:

$37,700

Explanation:

Cashflow from Operating Activities

Net Income                                                                     $25,000

Adjustments to non - cash flow items :

Add back Depreciation charge                                     $24,000

Adjustments to changes in working capital items :

Increase in Accounts receivable                                  ($13,500)

Decrease in Inventory                                                     $3,600

Increase in Prepaid expenses                                       ($9,000)

Increase in Accounts payable                                       $13,000

Decrease in Accrued liabilities                                       ($8,100)

Increase in  Income taxes payable                                 $2,700

Net cash provided by operating activities                    $37,700

thus,

the net cash provided by operating activities under the indirect method on the statement of cash flows would be: $37,700

Bankruptcy is the legal process of reducing or eliminating an amount owed.
O True
O False

Answers

The answer would be trueee
It’s true!!! Have a nice day٩( 'ω' )و

The Statute of Frauds a. applies only to executed contracts b. requires certain contracts to be in writing c. states that written contracts cannot be changed by oral evidence d. none of these

Answers

Answer:

b. requires certain contracts to be in writing

Explanation:

Statute of Fraud is one that requires certain types of contracts to be in writing in order to be valid.

For example when selling goods the quantity and price of the goods must be stated in case of any future issue. The written contract can be referred to.

However there are some exceptions to statutes of fraud, and they are when there is admission, performance, or promissory estoppel.

What is the Importance of sales promotion

Answers

is to boost sales of a product by creating demand. Doing this draws new customers and keeping the ones they already have

At the beginning of the recent period, there were 1,500 units of product in a department, 35% completed. These units were finished and an additional 7,000 units were started and completed during the period. 1,600 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were:

Answers

Answer:

the equivalent units produced by the department is 8,900 units

Explanation:

The computation of the equivalent units produced by the department is shown below:

= Started & completed units + beginning units + 25% of ending units

= 7,000 units + 1,500 units + 1,600 units × 25

= 7,000 units + 1,500 units + 400 units

= 8,900 units

Hence, the equivalent units produced by the department is 8,900 units

Jackson is a recent college graduate who just got his first job. He commutes approximately 35 minutes each way
to his new workplace. Jackson does not have a lot of money saved and makes a modest salary. He plans on moving up in
the company to a higher paying position in the next few years and will likely upgrade to a better car as a testament to his
success. Should he buy or lease a new car?

Answers

Answer:

he should lease

Explanation:

If he were to but a new car it would most likely be more expensive than if he were to lease.

In the conditions as given above, it would be ideally, advisable and financially wise for Jackson to lease a new car as a testament of his success.

What is a lease?

A lease is a mixture of rent and purchase, where a person opts for a product or a service upon payment of the same as per the conditions and terms of the lease agreement.

Leasing is a financially-viable decision, as purchase requires either a payment in lump sum, or a loan where interest is to be paid over the amount of purchase. Thus, Jackson must opt for a lease.

Hence, the significance of a lease is aforementioned.

Learn more about a lease here:

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What is the difference between elastic and inelastic demand? Give 5 points?

Answers

Explanation:

Elastic demand means there is a substantial change in quantity demanded when another economic factor changes )

inelastic demand means that there is only a slight (or no change) in quantity demanded of the good or service when another economic factor is changed.

Lima buys a new car from Motor City Inc. In the first month after the purchase, the car repeatedly fails to meet standards of quality and performance. To prevail against Motor in a lemon-law dispute, Lima must a. take the car to an expert third party for an independent inspection. b. have reason to know of the cause of the failure. c. file a court action without prior notice of the defect to the dealer. d. give the dealer or manufacturer an opportunity to remedy the problem.

Answers

To prevail against Motor in a lemon-law dispute, Lima must have reason to know of the cause of the failure.  

Lemon law is specifically awarded to customers purchasing vehicles in the form of choice to either get replaced product or to get a refund for the defective vehicle.  

Hence, if the vehicle is impaired to function properly or is diagnosed as defective within 30 days of its purchase would entail them with lemon rights. To avail this right the consumer must have proper reasons to support it.  

Learn more about Lemon law here;

https://brainly.com/question/1661947

On January 23, Bennington Corporation, for the first time in its short history, purchased 200 shares of its own common stock for $40 a share. On March 31, it sold 100 of those shares for $45 a share. What is the credit amount to Treasury Stock account?

Answers

I’m pretty sure it’s 72 but I may be wrong

Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.20 and standard costs for 4,470 pounds of material at $6.20 per pound. What is the direct materials quantity variance

Answers

Answer:

-4670 Favorable

Explanation:

actual- standard = variance

variance * actual lbs of material

5.2-6.2=-1*4670=-4670 Favorable

A short-term savings strategy is usually designed to:
A. maximize the growth of money used for investments.
B. make sure a person has money available in an emergency.
C. increase the income a person earns by having a job.
D. allow a person to spend nearly all of the money he or she makes.
SUBMIT

Answers

Answer: B. Make sure a person has money available in an emergency. (Thanks 22ogarthwaite)

Explanation: A P E X

A short-term savings strategy is usually designed to make sure a person has money available in an emergency.

What is short term savings?

An amount kept aside by an individual for the purpose of utilization in a very short span of time with a contingent purpose, is known as short term savings.

Hence, option B is true regarding short term savings.

Learn more about short term savings here:

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Which exit strategy can you use when you are unable to locate a buyer for your business?
A.
file for tax returns
B.
venture into a new business
C.
repay your loans
D.
liquidate the business

Answers

i believe your answer is “D”

hope this helps !!

. In January, Vorst Co. purchased a mineral mine for $2,640,000 with an estimated 1,200,000 of removable ore. After it has extracted all the ore, Vorst will be required by law to restore the land to its original condition at an estimated cost of $180,000. Vorst believes that it would be able to sell the property afterwards for $300,000. During the year, Vorst incurred $360,000 of development costs preparing the mine for production and it removed and sold 60,000 tons of ore. In its year-end income statement, what amount should Vorst report as depletion

Answers

Answer:

$144,000

Explanation:

Calculation to determine what amount should Vorst report as depletion

First step is to calculate the Depletion base using this formula

Depletion base= Purchase price +Development costs+Estimated restoration costs-Expected salvage value

Let plug in the formula

Depletion base=$2,640,000+ $360,000+$180,000-$300,000

Depletion base=$2,880,000

Second step is to calculate the depletion

Depletion= ($2,880,000 / 1,200,000 tons).

Depletion=$2.40 per ton

Now let calculate the Depletion expense

Depletion expense =$2.40 per ton ×60,000 tons sold

Depletion expense=$144,000

Therefore the amount that Vorst should report as depletion is $144,000

Samantha is maximizing total utility while consuming food and clothing. Her marginal utility from food is 50, and her marginal utility from clothing is 25. If clothing is priced at $10 per unit, the price of food per unit must be

Answers

Answer:

$20

Explanation:

The price of food per unit can be calculated as follows

50×25

= 1250

25×10

= 250

1250/250

= 5

Hence the price per unit of food is

= 25-5

= $20

Therefore the price of food per unit is $20

Multiple Choice Question Use the following information to calculate the labor efficiency variance for Adkinson Company. Actual hours used 5,500; Standard hours allowed 5,800; Actual labor rate $14.75 per hour; and Standard labor rate $14.00 per hour.

Answers

Answer:

$4,200 Favorable.

Explanation:

$14.00 x (5,800 - 5,500) = $4,200 Favorable. The labor efficiency variance is calculated using the standard, not the actual, labor rate.

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