2. if a purchased item is long-lived but not used in normal operations, the asset is classified and recorded as a(n)

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Answer 1

When an asset is long-lasting but not used in regular operations, it is categorized and recorded as an investment.

An asset or object purchased with the intention of generating income or appreciation is referred to as an investment. The term "appreciation" investment describes a rise in an asset's worth over time. When a person buys a product as an investment, they don't intend to utilize it money right away; instead, they plan to use it to make money later on.

An investment is usually the use of a resource today—time, effort, investment money, or an asset—in the anticipation of receiving a larger return than what was first invested. A financial asset, for instance, might money be bought by an investor now with the hope that it would provide income later on or be sold for more money.

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Related Questions

if the price level of what firms produce is rising across an economy, but the costs of production are constant, then: group of answer choices higher profits will induce expanded production. a majority of industries will start running into limits. increase in quantity produced won't be large. the maximum potential gdp will be exceeded.

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if the price level of what firms produce is rising across an economy, but the costs of production are constant, then higher profits will induce expanded production.

The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level, in a broader sense, refers to the cost or price of a good, service, or security in the market.

Price levels can be displayed as discrete values, like a dollar amount, or they can be described in narrow ranges, as ticks with the prices of securities.

Price levels are a crucial signal in economics, and economists pay particular attention to them. They are crucial to the selling of goods and services as well as the spending power of consumers. In the chain of supply and demand, it also has a significant role.

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five year ago, the 10-year bond was paying 9.5%. at the same time, the 5-year bond was paying just 9.3%. according to the expectation theory, what is the current 5-year rate expected by investors? group of answer choices

Answers

9.7% is the current 5-year rate expected by investors .

Let Current 5 year Rate be R

5 year Rate (R1) five years ago= 9.3% or 0.093

10 year Rate (R2) five years ago = 9.5% or 0.095

As per Expectation Theory,

(1 + R1)^Period * (1 + R)^Period = (1 + R2)^Period

(1 + 0.093)^5 + (1 + R)^5 = (1 + 0.095)^10

(1.093)^5 + (1 + R)^5 = (1.095)^10

1.5599 + (1 + R)^5 = 2.4782

(1 + R)^5 = 2.4782 / 1.5599

1 + R = 1.5887^(1/5)

R = 1.097 - 1

R = 0.097 or 9.7% [0.097 * 100]

The expectation theory (also known as the expectancy theory of motivation) postulates that people react or act in various ways because they are motivated to choose a certain conduct over others based on what they anticipate the outcome of that behavior to be. In essence, the outcome's attractiveness determines the motive behind the action choice.

However, the cognitive process through which a person interprets the many motivational components forms the basis of the theory. Before making the final decision, this is done. Making a choice on how to behave involves many other considerations in addition to the outcome.

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in the context of establishing incentive systems, identify a true statement about the attitude of unions toward incentives

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In the context of establishing an incentive systems, a true statement about the attitude of unions toward incentives is that Unions tend to support organization wide systems because they provide extra earnings to their members.

What is an incentive systems?

The basic requirement of creating an effective incentive system for individuals and the organization is understanding the human behavior and motivators of human behavior. Various theories helps to understand human behavior include utility theory, principal-agent theory, need hierarchy theory, two factor theory, cognitive evaluation theory, expectancy theory, goal-setting theory, and equity theory.

All these determinants influencing human judgment and decision-making highlights the complexity of understanding human behavior. The elements that are part of an incentive system includes:

Monetary Compensation (example: bonuses, awards, profit-sharing, and incentive plans)Non-monetary Compensation (example: gifts, company car, company insurance)Targets (example: easy, difficult, stretch)Career Prospects (example: promotion, termination of contract)Reputational Considerations (example: praise, awards, status, wider recognition in society, positive impact of job)Meaningfulness of Tasks (such as job rotation, job enrichment, enlargement).

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ben is asked to rate the utility he would get from reading different types of publications for the next hour. if he read a graphic novel he would get utility of 5. if he read a biography, he would get utility of 4, and if he read his economics textbook, he would get utility of 9. an economist would predict that ben will spend his next hour reading:

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Ben will likely spend the next hour reading his economics textbook, an economist would predict.

Microeconomics uses the term "utility" to refer to the additional satisfaction that comes from consuming a good or service. While ordinal utility only offers a rank ordering, cardinal utility tries to quantify the economic act's utility.

The concept of utility is important in economics because it clarifies a variety of supply, demand, and pricing issues. Products that offer greater value typically have a larger market because they give consumers greater satisfaction. Price increases are often a result of increased demand.

The ability of a commodity to meet needs is known as utility. It is the fulfillment—actual or anticipated—that results from the consumption of a good or service. Utility's psychological nature means that it is influenced by the consumer's likes and dislikes as well as his mental attitude and evaluation of the product.

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regarding perfect competition, what does it mean when the goods sold by the firms in a market are homogeneous?

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When two homogenous products are ideal equivalents for one another and consumers are unable to distinguish between the goods sold by various businesses, the products are said to be homogenous. The most crucial differentiator in the perfect competition between businesses making similar items is price.

What do you mean by a homogeneous product in perfect competition?

When a product is homogeneous, it means that its quality, form, size, and color are all the same. Therefore, no manufacturer can set a different price for the goods it produces. The market is characterized by homogeneous pricing.

A market with perfect competition has homogeneous goods (identical). Each vendor (or business) delivers a homogenous product in a market with perfect competition, meaning that each unit of the product has the same size, form, and other characteristics.

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Which of these situations provides an external opportunity that the company may exploit to gain competitive advantage?
O Monica's rare book company has weak competition.
O Jack's food processing plant faces strict government scrutiny.
O Norm's engine manufacturing facility is outdated and needs new equipment.
O Kevin's insurance group lost market capitalization.

Answers

Choosing option (a) is the right move. Monica's Rare Books has little outside competition, which creates a chance for the company to gain a competitive edge.

What factors of external competition are there?

The external influences can include market or competitive position changes as well as macroeconomic concerns including technology advancement, legislation, and sociocultural shifts. The results are frequently displayed as a matrix.

What distinguishes competitive advantage from a strategic advantage?

Your capacity to outcompete others in a market is your competitive edge. Your capacity to outperform competitors more broadly, including your returns to stakeholders like investors, employees, and communities

Why is it vital to achieve a competitive advantage?

Having a competitive advantage allows a business to stand out from its rivals by providing clients with something unique and exceptional. A company with a competitive advantage can also outperform its rivals in the market and generate bigger profits.

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putting your previous answers together, what advantage is there to using a longer moving average for noise reduction? what do we have to trade off (i.e., what disadvantage becomes more and more pronounced) in doing so?

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The advantage of using a longer moving average for noise reduction moving average is used for forecasting goods or commodities with constant demand, where there is a slight trend or seasonality.

Product forecasting is the science of predicting the success of new products in the market. To do this, predictive models should consider product awareness, distribution, pricing, unmet need responses, competitor options, and more.

Forecasting is the technique of using historical data as input to make forward-looking, informed estimates in determining the direction of future trends. Organizations use forecasts to determine how to allocate budgets and plan expected expenses for the next period.

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valuing preferred stock fegley , inc., has an issue of preferred stock outstanding that pays a $3.80 dividend every year in perpetu this issue currently sells for $93 per share, what is the required return ?

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A company pays the dividend to eligible common stockholders out of the profit it makes from regular business operations. A company can also distribute additional dividends on common stock.

What Is a Profit?

The distribution of a company's earnings to shareholders is known as a dividend and is decided by the board of directors. The distribution of dividends, which can take the form of cash or reinvestment in additional stock, typically occurs quarterly.

What is an example of a dividend?

A dividend is money distributed to shareholders from profits. Typically, they are paid quarterly. For instance, AT&T has been making such distributions for a number of years, with its $2.08 per share offering for the third quarter of 2021.

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when fixed costs remain the same and a product line is discontinued what is the effect on operating income?

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When fixed costs remain the same and a product line is discontinued , there will be a decrease in total operating income.

What do you mean by total operating income?

Operating income is an accounting figure that measures the amount of profit realized from a business's operations after deducting operating expenses such as wages, depreciation, and cost of goods sold (COGS).

Operating income—also called income from operations—takes a company's gross income, which is equivalent to total revenue minus COGS, and subtracts all operating expenses. A business's operating expenses are costs incurred from normal operating activities and include items such as office supplies and utilities.

Let contribution margin be x
and, fixed cost is avoidable
then, there will be a decrease in total operating income.

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Imagine you operated a shipping and packaging service within new york city. You slowly expanded to include shipments and deliveries between new york, new jersey, and connecticut. After the expansion, could you be subject to regulation by either or all of the states and the federal government? which court case outlines this? explain your answer.

Answers

You would be subject to federal government regulations. The Gibbons V. Ogden case from 1824 served as the legal precedent for this. Option  A

What is Gibbons V. Ogden?

Generally, The US Supreme Court ruled in the Gibbons v. Ogden decision that the states in the nation cannot impede the federal government's ability to control trade in the nation.

In this instance, Ogden had requested the court to enjoin Gibbons from conducting commercial activity in the state waterways. He claimed to have exclusive ownership of the waterways.

In conclusion, This lawsuit served as more evidence that the federal government had greater control over the nation's states.

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CQ

Imagine you operated a shipping and packaging service within New York City. You slowly expanded to include shipments and deliveries between New York, New Jersey, and Connecticut. After the expansion, could you be subject to regulation by either or all of the states and the federal government? Which court case outlines this? Explain your answer. Gibbons v. Ogden (1824) , McCulloch v. Maryland (1819) , Marbury v. Madison (1803)

sam has no job but keeps applying to get a job with a business that is unionized. he is qualified and he finds the pay attractive, but the firm is not hiring. sam is

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Sam continues to apply for jobs at unionized companies despite the fact that he is unemployed.

Define unemployment?

Majority of economists focus on three types of unemployment: cyclical, frictional, and structural.

Structural unemployment refers to long-term adjustments in the labor force and economic structure over time. Skill shortages in workers and technological progress that displaces jobs can both contribute to structural unemployment. Occurs when a worker's skills do not match the job vacancy. One driver of structural unemployment is technology.

Frictional unemployment is a temporary condition that is common during the job search. In fact, frictional unemployment benefits the economy by allowing workers to move to more productive positions.

One of the different types of unemployment is seasonal unemployment. Seasonal fluctuations in demand for products and services lead to seasonal unemployment.

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respond to the following essay question. provide comprehensive information and examples for this assignment. provide your personal thoughts and ideas for this assignment. do not plagiarize your responses for this assignment. definitions are not to be included in your responses. do not number the paragraphs. appropriately cite your sources. do not retype the question!! post your assignment to the provided assignment thread. utilize your textbook when responding to the essay question. do not use outside sources. outside sources will provide incorrect information. post your initial response and you will be given access to the turnitin summary report. you can submit your document up to three times before the due date. an acceptable turnitin score in less than 10%. word count requirement: 250 words question what is the role of the board of directors in corporate governance? what responsibilities does the board of directors have?

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The role of the board of director in the corporate governance is to oversight and plan the development of the concern. And the responsibilities of the board of directors is to provide the leadership in order to achieve the mission.

Corporate governance:

Corporate governance means the system by which companies are directed and controlled.

Given,

Here we need to identify the roles and responsibilities of the board of director.

Before, we move on to the roles and responsibilities first we have to know who are board of directors.

Basically, board of directors are the person who are the highest governing authority within the management structure at a corporation or publicly traded business.

So, their main role is to oversight and planning the success of the concern.

And the responsibility of the board of directors is to provide leadership and oversight so the organization can reach its goals and achieve its mission.

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elan, a u.s. corporation, completed the december 31, 20x8, foreign currency translation of its 70 percent owned swiss subsidiary's trial balance using the current rate method. the translation resulted in a debit adjustment of $25,000. the subsidiary had reported net income of 800,000 swiss francs for 20x8 and paid dividends of 50,000 swiss francs on september 1, 20x8. the translation rates for the year were:

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.57 is the translation rates for the year 2018 and $1,881,050 is subsidiary's trial balance of elan corporation in the year 2018  using the current rate method.  

What is current rate method ?The current rate method is a widely used method of currency conversion that makes use of the current exchange rate on the market. The process of converting a parent company's foreign subsidiaries' financial results into that functional currency is known as currency translation.When a company has operations abroad, it could be necessary to convert the foreign currency that is earned by such operations into the presentation currency, which is the currency that is used to prepare the firm's financial statements.

By dividing the amount of the initial currency by the amount of the foreign currency you will receive back, you can determine the exchange rate.

The formula is: Starting Amount (Original Currency) / Ending Amount (New Currency) = Exchange Rate.

jan 1 2008 .55 =1 franc

sept 1  .59 = 1 franc

Average for the year .57 = 1 franc

The January 1 balance of the investment in the Swiss subsidiary account was $16,00,000

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the expected trend value of september sales for a firm is $900. assuming a september seasonal index of .91, what would be the seasonally adjusted forecast for september? multiple choice none of the options are correct. $819 $900 $950 $989

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Option a. $819 is the correct answer. The seasonally adjusted forecast for September is $819

A statistical approach known as a seasonal adjustment is used to balance out cyclical fluctuations in statistics or shifts in supply and demand that are due to changing seasons. Therefore, it can get rid of economic time series' misleading seasonal components. A data-smoothing technique called seasonal adjustment is used to forecast a given period's economic performance or business sales.

Nonseasonal trends and cyclical data that would otherwise be obscured by seasonal differences can be seen more clearly thanks to seasonal adjustments.

Sales of the firm = $900

Seasonal index = 0.91

Seasonally adjusted forecast for September = Sales of the firm*Seasonal index

= 900*0.91

= $819

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kai decides to keep his price the same and add color, increasing variable costs by $0.40 per issue. what is the percent increase in unit volume (copies per issue) required to maintain $500 profits and cover the increased fixed and variable costs?

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This is based on the notion that the total amount that each sales quantity contributes to a company's profits is known as the contribution margin.

How is contribution margin and break even point calculated?The first part of the question is missing, so I looked it up:Kai charges college students $2.05 for each issue of his tiny magazine that is packed with famous rumors. The sole set expense is $431 per issue for renting the printing press for a single day. Each issue has a variable cost of $1.19 per copy.The contribution margin and break even point were as follows :

contribution margin = $2.05 - $1.19 = $0.86

break even point in units = $431 / $0.86 = 501.16 ≈ 502 units

break even point in $ = 502 x $2.05 = $1,029.10

Kai has to sell 1,083 copies in order to make $500 in profits ($931 / $0.86 = 1,082.56 1,083).After color is added:

contribution margin = $2.05 - $1.19 = $0.46

break even point in units = $431 / $0.46 = 936.96 ≈ 937 units

break even point in $ = 937 x $2.05 = $1,920.85

Kai needs to sell 2,024 copies in order to make $500 in profits ($931 / $0.46 = 2,023.91  = 2,024).

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the original plan by the management of espn to broadcast local sports events in connecticut is an example of

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Goodwill, brand recognition, copyrights, patents, trademarks, trade names, and customer lists are all examples of intangible assets.

Which kind of business typically has no or few levels of middle management between the top executives and those who report to them?

A flat organizational structure has few management levels. As a result, employees will have direct access to upper-level managers. This indicates that workers and higher-level managers share the responsibility for middle managers. It usually means that the worker has more power and autonomy.

What results does the horizontal organizational design produce?

Companies can typically focus on their employees and give team members more control under horizontal organizational structures. Because there isn't much of a hierarchical reporting structure, it can also make it easier for managers and employees to communicate with one another more directly.

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sean is a monopolist who operates a business rigging tablets to run twice as fast as the original specifications. if sean charges $40, he would have 10 customers, but if he lowers the price to $37, he would have 11 customers. what is the marginal revenue of the 11th customer? a) $437 b) $400 c) $37 d) $7

Answers

The marginal revenue of the 11th customer is $7 .

Option D is correct .

Marginal revenue :

Marginal revenue is the increase in revenue that results from the trade of one fresh unit of affair. While marginal revenue can remain constant over a certain position of affair, it follows from the law of dwindling returns and will ultimately decelerate down as the affair position increases. Marginal revenue is a central conception in microeconomics that describes the fresh total revenue generated by adding product sales by 1 unit

Evaluating marginal revenue :

Marginal revenue is the change in total income from 10 customers ($400) to 11 clients ($407).

Sean charges = $40

10 customers = $40 × 10

                          = $ 400

Lowers the price = $37

11 customer =       $ 37 × 11

                         = $ 407

Marginal revenue = $407 - $400

                                   = $7

Hence, the marginal revenue of Sean = $7

How a monopolist maximizes profits?

A monopolist maximizes profits by choosing that affair and price at which marginal cost is equal to or comes as close as achievable to( without surpassing) the marginal revenue. This is given that the price is lesser than the mean variable cost, and that the marginal cost is uprising at the profit- maximizing affair.

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hat is the present value of a $100 perpetuity if the interest rate is 7%? if interest rates doubled to 14%, what would its present

Answers

Present value $1428.57 and  $714.28 if the interest rate is 7% if interest rates doubled to 14%.

What is present value extremely important?

The ability for investors to evaluate values across time makes present value crucial. PV can assist investors in evaluating the potential financial gains from present liabilities and assets. Investors can compute the present value of a security based on its expected future returns, which is used in fields like financial forecasting, stock valuation, or bond pricing.

Briefing:

Perpetuity value  = $100

Interest rate = 7% = 0.07

Interest rate = 14% = 0.14

solution

we get her present value that is express a

present value = perpetuity / rate   ............1

put here value for rate 7% and 14%

present value = 100 / 0.07

present value = $1428.57

and

present value = 100 / 0.14

present value = $714.28

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assume that the currency-deposit ratio is 0.11, the required reserve ratio is 0.05, and the excess reserves to deposit ratio is 0.14. if the monetary base is $6 trillion, find (a) the amount of currency in circulation in trillions of dollars; (b) required reserves in trillions of dollars; (c) excess reserves in trillions of dollars; (d) simple deposit multiplier which ignores leakages; (e) actual money multiplier; and (f) money supply in trillions of dollars. (round all answers to one decimal point)

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The bank is only required to retain 10% of its deposits in reserve if the statutory reserve ratio is 10%.

What is the statutory reserve rate?The term "Statutory Reserve Rate" refers to a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the total of the maximum reserve percentage (including any marginal, special, emergency, or supplemental reserves) established by the Federal Reserve Board.Statutory Liquidity Ratio, or SLR, is the minimum proportion of deposits that a commercial bank must keep in liquid cash, gold, or other securities. Essentially, it is the minimum amount of reserves that banks must hold in order to extend credit to customers.

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product a is added to your quote automatically with a selection rule. if you delete the product a quote line, then add an unrelated product to the quote, what can you expect to happen in regards to product a?

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Product A is automatically added to your quote with a selection rule. If you remove a line that quotes a product and then add a product unrelated to the quote, you can expect product A to be added back to refer to product A.

The option product rule must contain an action, which describes what to do for one or more options. There are several things you can do with actions, such as automatically selecting or deselecting an option, disabling an option, or hiding the option entirely.

That's what we will do. Simply put, product rules allow you to evaluate the product options of a package, quote, or quote line based on certain conditions and then take action in response. They're great for applying business logic during setup and giving sales reps feedback on product selection.

Selection rules allow you to tailor bulk product options on your quote. For example, say you sell a suite of reporting software. You can only sell training licenses after your users have purchased software licenses, both of which are product options in your plan.

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which depreciation method is most likely to be used by profitable businesses with high marginal tax rates?

Answers

The depreciation method is most likely to be used by a profitable business. The depreciation method usually used in a business with a high marginal tax rate declining balance MACRS 200%.

Taxes generally can be described as a mandatory levies from the people for the state. If people paid a tax, that every penny of tax money paid will be included in the post of state income from the tax sector.  Tax usually use for local government and also finance central spending for the welfare of the community.

Tax money is used for public interest, not for personal gain. Taxes are one source of government funds to fund development at the center and regions, such as building public facilities, financing health and education budgets, and other productive activities. Tax collection can be forced because it is carried out by law.

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which of the following is true regarding risk management? all risks must have a contingency plan. risks should be reviewed at every team meeting. risks are more likely to impact the schedule than the budget. risk identification only occurs in the planning phase of the project.

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The risk management is true regarding "risks should be reviewed at every team meeting".

The risk management in the business are the forecasting and evaluation of financial risks together with the identification of the procedures to avoid or minimize the impact. The risks should be reviewed at every team meeting and risks identification only occur in the planning of the project phase. The risks review process is a crucial part of any project. and the team is responsible for the project's success can come together to handle associated risks before they happen.

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how do your life experiences shape your views as an investor? please limit your response to 250 words or less.

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Experience as the investor helps you have perspective and builds confidence. It helps to remember that the stock market goes up and down.

Most people have trouble staying on track and making wise financial decisions. That is to be expected given that our cumulative experience with these problems is rather short.

Investors make financial decisions that, at the moment, appear logical. Your individual circumstances influence these decisions. These experiences can be linked to the ensuing gains or losses.

It's critical to understand that your experiences as an investor are unique from those of other investors in order to move forward and prevent costly mistakes. Your objectives differ. Your timeline for investing is different. What is most important to you may be different.

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howard owns a rental property in another state. he must travel to maintain and manage the rental property. to be able to deduct his travel expenses he must:

Answers

To be able to deduct his travel expenses he must divide the costs between activities that require rentals and those that don't.

Landlords can deduct a sizable amount from their taxes for mileage and travel. You will have to spend time and money getting to and from your property if you don't live next door, whether it's to pick up supplies, oversee viewings, or do property inspections. These travel costs can be written off from taxable income at the end of the tax year rather than having to pay them up front.

By doing this, you'll be able to maximize revenues while lowering your taxable income. Knowing what travel expenses are tax deductible and how to compute your mileage tax deduction is essential for maintaining your tax compliance.

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kingbird. inc. began the year 2022 with $143600 in its common stock account and a debit balance in retained earnings of $61600. during the year, the company earned net income of $30800, and declared and paid $10300 of dividends. in addition, the company sold additional common stock amounting to $37600. based on this information, what should the transaction analysis show for total stockholders' equity at the end of 2022?

Answers

The equity of all shareholders is 140100.

What exactly is shareholder equity?

The amount of money invested in a business by its owners is known as shareholder equity. This includes the money they've invested directly and the money the company has earned and put back into the business since its inception.

Is net worth the same as stockholders' equity?

A company's net worth, or shareholders' equity, is the difference between its total assets (what it owns) and its total liabilities (what it owes).Profits and net worth both rise when your business is successful.

Retained Earnings = (-61600)+30800- 10300 = -41100 Total Stockholder's Equity = 140100 Common Stock = 143600 + 37600 = 181200

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suppose there is an economy-wide decrease in business taxes. what can we expect to see in the business cycle model?

Answers

An economic cycle stage characterized by rising real GDP, income, and employment.

what is  business cycle model?The business cycle model depicts the changes over time in a country's total output and employment. The model depicts the four long-term phases of an economy: expansion, peak, recession, and trough.An increase in company taxes will result in lower after-tax profits for companies, which will limit their ability to spend, hence lowering AD. The converse will occur if company taxes are reduced for AD. Generally speaking, if government spending rises, AD rises as well.Recession can enter a country's economy during the contraction phase. The phrase "contraction phase" refers to the time during a business cycle when real GDP is declining.

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if the contribution margin per unit is $100 and fixed costs total $1,000, how many units must be sold to earn a profit of $10,000?

Answers

If fixed costs total $1,000 and the contribution margin per unit is $100, 110 units must be sold to make a profit of $10,000.

Contribution Margin: What Is It?

The contribution margin may be expressed on a gross or per-unit basis. It represents the additional revenue generated for each good or unit sold following the deduction of the variable portion of the business's costs.

The contribution margin is equal to the selling price per unit less the variable cost per unit. The indicator, also known as dollar contribution per unit, illustrates how a particular product influences the overall revenue of the business.

It provides a way to illustrate the potential for profit of a certain product being sold by a business and shows what proportion of sales are used to cover fixed costs. Profit is the amount that is left over after paying fixed costs.

Calculation:

Fixed costs + desired profit/contribution margin per unit = Sales volume in units.

$1,000+$10,000/$100 = 110 units

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arion drives 20 miles a day from his first job to his second job. he worked 125 days during 2021 on both jobs. what is marion's mileage deduction rounded to the nearest dollar assuming he uses the standard mileage rate and mileage is incurred ratably throughout the year?

Answers

Marion's mileage deduction rounded to the nearest dollar is 1400.

Given,

Marion drives 20 miles in a day

Total working days = 125 days

Marion's mileage deduction is

= Miles driven × total working days

= 20 miles/day×125 days

= 2500 miles

The standard mileage rate for 2021 is:

= 56 cents × total mileage deduction

= 2500×56 = 1400

Hence Marion's mileage deduction rounded to the nearest dollar is $1400. One can calculate the mileage of their vehicle by dividing the miles traveled by the number of gallons it took to refill the tank.

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tom purchased a 7-year asset for his business in february, three years ago, at a cost of $4,500. it is being depreciated using the half-year convention for macrs. he did not deduct any bonus depreciation and or take a sec. 179 expense in the year of purchase. the asset was sold in april of year 4. how much depreciation will tom deduct for the asset in year 4?

Answers

Depreciation will tom deduct for the asset in year 4 is $281 .

Reason: .1249 x $4,500 x .5

In accounting, depreciation is a term that refers to two aspects of the same concept. The first is the actual decline in an asset's fair value over time, such as through use, wear and tear or obsolescence. This reduction is measured as depreciation.

Description: Depreciation, i. H. A decrease in the value of an asset can also be caused by many other factors, such as adverse market conditions at any time during the asset's expected useful life. Depreciation includes depreciation of assets with a predetermined useful life.

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Do you think every place of our country is accessible to all kind of information obtaining sources why give reasons

Answers

Freedom of information is freedom of a person or people to publish and consume information.

What is meant by Freedom of Information ?

The right of a citizen to access information that the government holds is referred to as information freedom. This freedom is recognized as a constitutional right in several nations.

The Freedom of Material Act in the United States permits the revelation of official records and previously undisclosed information that is under the authority of the American government. The Electronic Freedom of Information Act, which mandates that certain types of government records be made electronically accessible to the public, was added to this law in 1996 as an amendment. This is intended to increase access to public information.

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