Answer: a. 10%
Explanation:
The total number of days the property was used:
= 7 + 63
= 70 days
He used the property for personal use for 7 days out of that:
= 7/70
= 10%
That 10% cannot be deducted as rental expenses because he used these for personal use.
Kim, Chris, and Beth are all partners in a cosmetics firm. Kim is leaving the partnership and wants to sell her shares of the business, including the property owned by the partnership, to Chris and Beth. The remaining partners are not interested in buying Kim’s interests. Kim has been unable to find a buyer for her share of the partnership. She has now resorted to asking the court to either sell her shares or sell the entire property. What form of concurrent ownership applies?a. Partition Law Suitb. Tenants in Commonc. Joint Tenancyd. Separate Ownership
Answer: Joint Tenancy
Explanation:
Based on the information that is given in the question, the form of concurrent ownership that applies is the joint tenancy.
Joint tenancy occurs when two or more individuals own thesame property. As a result, the joint tenants that is, the individuals who own the property share an equal ownership and also have equal right on the property.
What is the price of a three-year coupon bond with a coupon rate of 1%, face value equal to $100, and a current interest rate of 0.75%? Do not include any symbols in your answer.
Answer: 100.74
Explanation:
Face value= $100
Coupon payment = $100 × 1% = $100 × 1/100 = $100 × 0.1 = $1
Interest rate = 0.75% = 0.75/100 = 0.0075
The price of the bond will be:
= 1/(1 + 0.0075) + 1/(1 + 0.0075)^2 + 1/(1 + 0.0075)^3
= 100.74
Sunland Company is a merchandising firm. Last year the company reported sales of $676000 and cost of goods sold of $404600. The company's total variable selling and administrative expense was $60800, and fixed selling and administrative expense was $54020. The total fixed costs for the firm are
Answer:
$54,020
Explanation:
Total fixed costs = Fixed selling and administrative expenses
Total fixed costs = $54,020
Thus, the total fixed costs for the firm is $54,020
A contact center manager is looking for ways to overall cost per case.
What Salesforce metrics should the contact center manager evaluate? (Choose 2)
A. Average number of activities per case
B. Average number of articles attached to a case
C. Total number of cases by origin
D. Average customer satisfaction score by case
An average number of activities per case and a Total number of cases by origin Salesforce metrics should the contact center manager evaluate. Therefore option A and C is correct.
A cost is a sum of money that was used during the production or delivery of a service or item that is therefore no longer accessible for use. In the case of an asset value, the money spent on the acquisition is considered the cost. In this instance,
Money is the input used to obtain the item. This acquisition cost may include both additional transaction expenses incurred by the acquirer over and beyond the price given to the producer, as well as the manufacturing costs as borne by the original producer. Typically, there is a profit margin added to the price over the cost of manufacturing.
Cost is a measure that adds up as a result of a procedure or as a difference in the outcome of a decision, to put it more broadly in the context of economics. Cost is hence the metric employed in the common modeling paradigm for economic processes.
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Which of the following statements is false regarding Form 8949 - Sales and Other Dispositions of Capital Assets?
A. The taxpayer uses Form 8949 to report sales and exchanges of capital assets
B. Form 8949 allows the taxpayer and the IRS to reconcile amounts that were reported to him or her and the IRS on Form 1099-B or 1099-S (or substitute statement) with the amounts he or she reports on his or her income tax return
C. If all Forms 1099-B the taxpayer received (and all substitute statements) show basis was reported to the IRS and if no correction or adjustment is needed, the taxpayer must always file Form 8949 and attach a statement of these transactions
D. Corporations and partnerships use Form 8949 to report undistributed long-term capital gains from Form 2439
Answer: C. . If all Forms 1099-B the taxpayer received (and all substitute statements) show basis was reported to the IRS and if no correction or adjustment is needed, the taxpayer must always file Form 8949 and attach a statement of these transactions.
Explanation:
IRS Form 8949: Sales and Other Dispositions of Capital Assets is basically utilized by individuals or organizations to report the capital gains and the losses that are incurred from investments.
When filling the IRS Form 8949, it should be noted that Form 1099-B and Schedule D are also required. The IRS Form 8949 is also used by individuals to report the worthlessness of s particular security and to also report bad debts.
From the options given above, the statement that is false regarding Form 8949 - Sales and Other Dispositions of Capital Assets is option C.
A small co ffee company roasts coff ee beans in its shop. The unroasted beans cost the com- pany 200 cents per pound. The MARGINAL cost of roasting coff ee beans is 150 - 10q + q^2 cents per pound when q pounds are roasted. The smell of roasting beans imposes costs on the company's neighbors. The total amount that neighbors would be willing to pay to have the shop stop roasting altogether is 5q^2; where q is the number of pounds being roasted. The company sells its output in a competitive market at 450 cents per pound. What is the socially efficient amount of co ffee for the company to roast?
Answer:
q = 10 pounds = socially efficient amount of coffee for the company to roast.
Explanation:
Data Given:
Cost of Unroasted beans = 200 cents/pound.
Marginal Cost of roasting coffee beans = [tex]q^{2}[/tex]-10[tex]q^{}[/tex] + 150
Cost neighbors willing to pay to stop shop operations = 5[tex]q^{2}[/tex]
Output selling price = 450 cents/pound
Required:
Amount of coffee to roast = ?
Solution:
As we know from the problem statement that it costs the company 200 cents/pound for the procurement of raw beans which are here termed as unroasted beans. Let's say it is the marginal cost of procuring.
Moreover, we know that marginal cost of roasted beans = [tex]q^{2}[/tex]-10[tex]q^{}[/tex] + 150.
which is in the form of quadratic equation and will be solved for q to know the required answer.
Let's suppose X = marginal cost of unroasted beans.
Y = marginal cost of roasted beans.
MPC = Marginal Private cost
In order to calculate the marginal private cost, we need to add X+Y.
MPC = 200 + [tex]q^{2}[/tex]-10[tex]q^{}[/tex] + 150
MPC = [tex]q^{2}[/tex]-10[tex]q^{}[/tex] + 350
Now,
The total social cost which the neighbors are willing to pay = 5[tex]q^{2}[/tex]
In order to calculate marginal social cost, we need to differentiate the above equation.
MSC = d/dq5[tex]q^{2}[/tex] = 10q
Finally,
Marginal Benefit = 450 cents/pound
For socially efficient amount = q =
MPC + MSC = Marginal Benefit
[tex]q^{2}[/tex]-10[tex]q^{}[/tex] + 350 + 10[tex]q^{}[/tex] = 450
[tex]q^{2}[/tex]-10[tex]q^{}[/tex] + 10[tex]q^{}[/tex] = 450-350
Solving for q,
[tex]q^{2}[/tex] = 100
taking square root on both sides,
q = +/-10.
Hence,
q = 10 pounds = socially efficient amount of coffee for the company to roast.
Wilma Robles is a District Operations Coordinator. When she visits one of her offices she finds that the office has three open boxes of Emerald Cards. Each of the three Tax Pros has a complete box and log sheet at their desk. Two of the three open boxes do not reconcile when she tries to count cards and entries on the log sheets. What should Wilma do to bring the office in compliance with policies and procedures
The options are:
A.) Wilma should ignore the findings and let the practice continue.
B.) Wilma should report the findings to Incident Management for follow-up on the missing cards.
C.) Wilma should train the associates in the office on the proper distribution policy for Emerald Cards.
D.) Both B. and C.
Answer:
D.) Both B. and C.
Explanation:
Incidence management is defined as the process by which an organisation identifies, analysis and rectifies events that leads to disruption not their business processes.
These adverse effects that prevent a business from working efficiently or being productive are called incidence events.
Most organisations have a department that specialise in analysing and preventing occurrence of these events.
In the given scenario Wilma observed two of the three open boxes do not reconcile when she tries to count cards and entries on the log sheets. This is an incidence event.
First she has to report the event to the incidence management team so they can follow up on the missing cards and also set up a process to prevent future occurrence.
Since this event could also be as a result of inadequate training on process, Wilma should also train the associates in the office on the proper distribution policy for Emerald Cards.
This will reduce such events in the department going forward
Ready Ride is a trucking company. It provides local, short-haul, and long-haul services. It has developed the following three cost pools.
Activity Cost Pool Cost Drivers Estimated Overhead Expected Use of Cost
Driver per Activity
Loading and unloading Number of pieces $97,000 91,500
Travel Miles driven 467,000 585,000
Logistics Hours 62,000 3,150
Compute the activity-based overhead rates for each pool. (Round answers to 2 decimal places, e.g. 12.75.)
Determine the overhead allocated to Job XZ3275 which has 150 pieces, requires 200 miles of driving, and 0.75 hours of logistics. (Round answer to 2 decimal places, e.g. 12.75.)
Answer:
Part 1
Calculation of activity-based overhead rates
Cost of Each Activity = Cost of Activity ÷ Number of times that Activity is performed
Loading and unloading = $97,000 ÷ 91,500
= $1.06 per piece
Travel = $467,000 ÷ 585,000
= $0.80 per mile
Logistics = $62,000 ÷ 3,150
= $19,68
Part 2
Overhead allocation to Job XZ3275
Loading and unloading (150 × $1.06) = $159.00
Travel ($0.80 × 200) = $160.00
Logistics ($19,68 × 0.75) = $14.76
Total Overheads = $333.76
How the big crunch happen according to the steffen hawking?
Answer:
Before he passed away in March, theoretical physicist Stephen Hawking had published more than 230 articles on the birth of the universe, black holes and quantum mechanics. It turns out he had one more theory left in the locker.
On Wednesday, the Journal of High Energy Physics published the British scientist's final thoughts on the Big Bang, the leading theory for how the universe began. The new report, co-authored by Belgian physicist Thomas Hertog, counters the longstanding idea that the universe will expand for eternity. Instead, the authors argue the Big Bang had a finite boundary, defined by string theory and holograms.
What term refers to people who are trendy and fashionable in order to impress others and are often impulse buyers?
a. stretchers
b. stunners
c. survivors
d. strivers
Answer: Strivers
Explanation:
The term that refers to people who are trendy and fashionable in order to impress others and are often impulse buyers is Strivers.
It should be noted that Strivers are usually consumers that are from low income families but they so much believe in style and fashion and really wants to impress and emulate celebrities or high income earners who use lastest trends or fashion.
Which of the following situations does NOT describe a material participant?
A. Arabella participated in Activity X for 612 hours.
B. Anthony participated in Activity Y for 210 hours, more than any other individual.
C. Abbie participated in Activity A for 20 hours, Activity B for 80 hours and Activity C for 75 hours
D. Raj was a full-time employee at the law firm, Activity Q. from 2008 to 2018.
Answer:
C. Abbie participated in Activity A for 20 hours, Activity B for 80 hours and Activity C for 75 hours
Explanation:
To prove material participation, one of the following situation should be satisfied:
1. Work 500 hours or more during the year (Part A)
2. Participate in the activity for more than 100 hours during the year, with no one else working more than the individual (Part B)
3. Materially participate in the activity for any five taxable years during the 10 tax years immediately preceding the taxable year (Part D)
Hence, it can be concluded that none of the conditions are satisfied in Part C.
The correct answer is C.
To prove material participation, one of the below situations should be fulfilled:
Work 500 hours or more during the year (Part A) .Participate in the activity for more than 100 hours during the year, with no one else working more than the individual (Part B) Materially participate in the activity for any five taxable years during the 10 tax years immediately preceding the taxable year (Part D)
Hence, it can be concluded that none of the conditions are satisified in Part C.
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Alan's employer maintains a long-term disability income plan on which it pays all premiums. Last year, Alan received $40,000 in benefits under the plan during his period of disability. How much of the benefits received, if any, must Alan include in his income
Answer:
$40,000
Explanation:
If Alan had paid the disability insurance himself, then disability income would not be taxable. But since Alan's employer paid the disability insurance premiums, then any disability payments that Alan received must be included in his gross income and are taxable.
The amount of the benefit received if any must Alan include in his income should be $40,000.
The following information should be considered:
In the case when Alan had paid the disability insurance himself, then disability income would not be taxable. But since Alan's employer paid the disability insurance premiums, then any disability payments that Alan received must be included in his gross income and are taxable.Learn more: brainly.com/question/16911495
Last year, Bailey bought a bond for $1,000 that promises to pay $110 a year. This year, a person who buys a bond for $1,000 receives $125 a year. If Bailey were to sell his (old) bond, its price would be approximately:__________.a. $880.b. $1,125.c. $1,136.d. $1,110.
Answer:
a. $880.
Explanation:
Bailey bought a bond for $1,000 that promises to pay $110 a year.
The interest rate was 110/1000 * 100 = 11%
This year, $1,000 receives $125 a year= 125/1000 * 100 = 12.5%. So, this year the interest rate now rises to 12.5%.
If Bailey were to sell his (old) bond, the price should be 110/12.5% = 110/0.125 = $880.
As a result of the Tax Cuts and Jobs Act, under Federal tax law the tax preparation fees deduction are suspended in tax year 2019. Therefore, under California tax law, a California taxpayer who itemizes his or her deductions and has an adjusted gross income (AGI) of $35,000, and no miscellaneous expenses other than tax preparation fees of $1,000, would be able to take a deduction of what amount on his or her California income tax return for tax year 2019
Answer:
$300
Explanation:
California tax law continue to allow miscellaneous itemized deductions subject to 2% of Federal AGI
Tax preparation fees $1,000
Less: AGI limit of 2% $700 (35,000*2%)
Deduction on his/her California $300
income tax return
You write one IBM July 120 call contract for a premium of $10. You hold the option until the expiration date when IBM stock is at $123 per share. How much profit or loss you will realize on the investment
Answer:
The answer is loss of $7
Explanation:
For the buyer of call profit (long) =
Max[0,(St -Sx)] - P
where St is the underlying price of the security
Sx is the excercise price
P is the premium price paid
Max [0, ($123 - $120)] - $10 =
$3 - $10
Loss of $7
Larry comes to your office to file his 2020 tax return and tells you that he never received an Economic Impact Payment (EIP) during 2020. It appears that he should have qualified. You assist Larry in checking the Get My Payment tool at www.irs.gov, where it says that a payment was deposited to a bank account that Larry states is not his. Larry will need to:
Incomplete question. The options:
a. File his 2020 tax return, including the EIP on Form 1040, line 30, and wait for the IRS to fix the mistake.
b. File Form 14039, Identity Theft Affidavit, with the IRS.
c. Contact the Farm Housing Administration.
d. Contact the bank that received the deposit and ask them to redirect the funds to him.
Answer:
a. File his 2020 tax return, including the EIP on Form 1040, line 30, and wait for the IRS to fix the mistake.
Explanation:
True. According to the information found on the IRS website concerning those who were eligible but didn't receive the Economic Impact Payment (EIP) during 2020, they are to fill the 2020 Form 1040 alongside submitting their tax returns for the year 2020.
Hence, Larry simply needs to file his 2020 tax return, including the EIP on Form 1040, line 30, and wait for the IRS to fix the mistake.
During the year, Bright Corporation applied factory overhead costs of $330,000 to production. At the end of the year, total overapplied factory overhead is $13,000. What was the amount of actual factory overhead cost incurred during the year
Answer:
$317,000 = actual overhead
Explanation:
Giving the following information:
Applied overhead= $330,000
Overapplied overhead= $13,000
To calculate the actual overhead, we need to use the following formula:
Under/over applied overhead= real overhead - allocated overhead
-13,000 = real overhead - 330,000
$317,000 = real overhead
Financing, market research, risk-taking, and other services are considered to be ________ functions.
Answer:
Facilitating functions
Explanation:
Facilitating functions are those in a business activity that helps make the exchange and physical processes run smoothly.
They do not involve direct exchange of title of products or physical handing of goods.
For example the activities of marketers of a product results in easy sale of the product by the manufacturer.
Also activities like financing, market research, and risk taking are all facilitating activities that make a business run smoother
You will deposit $1,200 at the beginning of every four years for 20 years. If the effective rate of interest is 6%, how much will you accumulate at the end of the 20 year period
Answer:
Total FV= $14,011.21
Explanation:
Giving the following information:
Annual deposit= $1,200 (beginning)
Number of periods= 20 years
Interest rate= 6%
To calculate the total future value, we need to use the following formula on each deposit:
FV= [PV*(1+i)^n]
FV1= [1,200*(1.06^20)]
FV1= 3,848.56
FV2= [1,200*(1.06^16)]
FV2= 3,048.42
FV3= [1,200*(1.06^12)]
FV3= 2,414.64
FV4= [1,200*(1.06^8)]
FV4= 1,912.62
FV5= [1,200*(1.06^4)]
FV5= 1,514.97
FV6= [1,200*1.06]
FV6= 1,272
Total FV= $14,011.21
ideas to re-motivate employees
Answer:
Explanation:
Giving gifts and promotions to hardworking employees
Where should a user store frequently used icons on a computer?
Answer: they should be loaded on the tool bar
Explanation:
for quick and easy access
give at least five
skills using shatong?
Answer:
1) Batting
2) Couting
3) Running
4) Striking
5) Catching
Explanation:
All up there. :)
Howrley-David, Inc., manufactures two models of motorcycles: the Fatboy and the Screamer. Both models are assembled in the same plant and require the same assembling operations. The difference between the models is the cost of materials. The following data are available for August:
Fatboy Screamer Total
Number of units assembled 2,000 4,000 6,000
Materials cost per unit $ 2,000 $ 3,000
Other costs:
Direct labor $ 6,000,000
Indirect materials 1,800,000
Other overhead 4,200,000
Required:
Howrled-David uses operations costing and assigns conversion costs based on the number of units assembled. Compute the cost of each model assembled in August.
fatboy screamer total
operation cost
materials cost
total cost
number of units
unit cost
Answer:
Fatboy Screamer Total
Direct labor . $ 2,000,000 $ 4,000,000 $ 6,000,000
Indirect materials . $600,000 $1,200,000 $1,800,000
Other overhead . $1,400,000 $2,800,000 $4,200,000
Materials cost . $4,000,000 $12,000,000 $16,000,000
Total cost . $8,000,000 $20,000,000 $28,000,000
Number of units . 2,000 4,000 6,000
Unit cost . $4,000 $5,000 $4,667
Explanation:
Assign the Material Cost to the Products appropriately. The conversion costs musts be allocated based on the number of units assembled. Conversion costs is the sum of Direct Labor and Manufacturing Overheads (Indirect Costs).
Consumers use ____________ while trying to judge the value of a product bundle (like a computer, printer, and a digital camera sold together). Specifically, the perceived value of the most important item in the bundle forms the initial assessment, which is then shifted upward/downward, based on the perceived value of the remaining items.
Select one:
a. availability heuristic
b. mood
c. ongoing search
d. anchoring and adjustment
e. imagery
Answer: anchoring and adjustment
Explanation:
Anchoring and adjustment has to do with the adjustment in the idea that a person has based on some initial occurence.
Anchoring and adjustment can be used
in sales when a consumer's subsequent negotiations is based on the previous negotiation or purchases. Therefore, consumers use anchoring and adjustment while trying to judge the value of a product
The independent variable in the Contingency school of leadership is: a. Maturity of the followers b. Clarity of the task c. Time horizon d. Organizational support for the leader e. b), c), and d) Only
Answer:
a. Maturity of the followers b. Clarity of the task d. Organizational support for the leader
Explanation:
This approach was birthed by Fred Fiedler in 1958 in his research of leader effectiveness in group situations. According to him a leader need not remain fixed in his skills and styles of leadership given that situations change and require a different style and approach to deal with them. He therefore elucidated that an effective leader based on the contingency theory of leadership approach matches his style and skill to the situation or problem at hand. The factors this leader pays attention may invariably alter his style of leadership hence. Factors include : followers, organizational support, leader, and environment
A collaborative selling environment makes the sales pitch more challenging for salespeople.
O True
O False
Answer:
O True
Explanation:
In the case when the selling environment is collaborative so it would make the sales pitch more challenging for the sales people
Here collaborative selling means the collaboration that does not between the sales team members but it would be done between the sales people and the customers
So the given statement is true
Hence, it is not false
Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $105,000. The equipment will have an initial cost of $473,000 and have a 10 year life. If the salvage value of the equipment is estimated to be $84,000, what is the payback period?A. 10.00 yearsB. 5.25 yearsC. 4.50 yearsD. 3.29 years
Answer:
D. 3.29 years
Explanation:
Payback period = Initial cost / (An annual increase in net income after tax + Depreciation per year )
Payback period = $473,000 / [$105,000 + ($473,000-$84,000)/10]
Payback period = $473,000 / [$105,000+$38,900
Payback period = $473,000 / $143,900
Payback period = 3.28700
Payback period = 3.29 years
Select one reason a company's capital structure may include more equity than debt.
a. Relying too heavily on debt can increase the interest rate that a company must pay on its debt.
b. Taking on more equity means that a company will be more leveraged.
c. Equity has significant tax advantages that debt does not.
d. Too much debt will decrease a company's volatility.
Answer:
a. Relying too heavily on debt can increase the interest rate that a company must pay on its debt.
Explanation:
It is to avoid the financial risk that comes with debt. Financial risk is the risk of default in payment of Interest charges that comes with debt instruments. This is because debt instruments carry a financial obligation to pay Interest whether or not the company is performing well
Select one reason a company's capital structure may include more equity than debt.
Relying too heavily on debt can increase the interest rate that a company must pay on its debt. CORRECT
Taking on more equity means that a company will be more leveraged. INCORRECT
Equity has significant tax advantages that debt does not. INCORRECT, as equity doesn't have any tax advantages
Too much debt will decrease a company's volatility. INCORRECT
When a company prepares financial statements using standard costing, which items are reported at standard cost
Answer: Inventories and cost of goods sold.
Explanation:
Standard costing is used in accounting and it simply has to do with the substitution of the cost that's expected for a product with an actual cost when preparing financial statements.
The difference that's then between the actual costs and expected costs are then recorded as variance. It should also be noted that when a company prepares financial statements using standard costing, the items that are reported at standard cost will be Inventories and the cost of goods sold.
The discount rate is the: multiple choice 1 interest rate at which banks can borrow reserves from other banks. lowest interest rate that banks can charge for loans to their most creditworthy customers. lowest interest rate that banks can charge for lending reserves to other banks or financial institutions. interest rate at which banks can borrow reserves from the Federal Reserve. b. If the Fed were to decrease the discount rate, banks will borrow: multiple choice 2 fewer reserves, causing an increase in lending and the money supply. more reserves, causing an increase in lending and the money supply. more reserves, causing a decrease in lending and the money supply. fewer reserves, causing a decrease in lending and the money supply.
Answer:
a. The discount rate is the
interest rate at which banks can borrow reserves from the Federal Reserve.The discount rate is the interest rate that the FED charges commercial banks, credit unions, or other financial institutions for lending them money.
b. If the Fed were to decrease the discount rate, banks will borrow
more reserves, causing an increase in lending and the money supply.Lowering the discount rate is considered part of an expansionary monetary policy since banks will borrow more money and lend more money to the public, increasing the money supply.