Which of the following is not one of the eight recognized consumer rights? a. right to the satisfaction of basic needs b. right to simplicity c. right to a healthy environment d. right to be informed

Answers

Answer 1

Answer:

B.) right to simplicity

Explanation:

:)

Answer 2

The right to simplicity is basically one which is not  recognized as one of the eight consumer rights. Thus option (b) is correct.

What are the consumer rights?

Consumer rights are a set of rights and protections that are afforded to consumers when they engage in economic transactions with businesses or service providers.

These rights are designed to ensure that consumers are treated fairly and have access to the information and resources they need to make informed decisions.

These rights are often enshrined in consumer protection laws and regulations, and are enforced by government agencies and consumer advocacy organizations. By using these individuals can protect themselves from fraud, deception, and unfair business practices.

The  right to simplicity is not included in the eight recognized consumer rights. Therefore, option (b) is correct.

Learn more about consumer rights here:

https://brainly.com/question/27317480

#SPJ6


Related Questions

Which consequences can victims of identity theft face?
Check all that apply.
1. difficulty getting a loan or credit card
2. an increase in debt
3. the loss of a job
4. difficulty keeping assets
5. a loss of money
6. difficulty landing a new job ​

Answers

Answer:

The correct answers would be

1. Difficulty getting a loan or credit card

2. An increase in debt

4. Difficulty keeping assets

5. Loss of money

Explanation:

Hope this helps! Have a Happy New Year!

Your Aunt Ruth has $540,000 invested at 6.5%, and she plans to retire. She wants to withdraw $40,000 at the beginning of each year, starting immediately. How many years will it take to exhaust her funds, i.e., run the account down to zero

Answers

Answer:

It will take 28 years for Aunt Ruth to exhaust her funds.

Explanation:

This can be calculated using the formula for calculating the present value (PV) of annuity due given as follows:

PV = P * ((1 - [1 / (1 + r))^n) / r) * (1 + r) .................................. (1)

Where;

PV = Present value or amount invested = $540,000

P = Monthly withdraw = $40,000

r = interest rate = 6.5%, or 0.065

n = number of years = ?

Substitute the values into equation (1) and solve for n, we have:

540,000 = 40,000 * ((1 - (1 / (1 + 0.065))^n) / 0.065) * (1 + 0.065)

540,000 / 40,000 = ((1 - (1 / 1.065)^n) / 0.065) * 1.065

13.50 = ((1 - 0.938967136150235^n) / 0.065) * 1.065

13.50 / 1.065 = (1 - 0.938967136150235^n) / 0.065

12.6760563380282 = (1 - 0.938967136150235^n) / 0.065

12.6760563380282 * 0.065 = 1 - 0.938967136150235^n

0.823943661971833 = 1 - 0.938967136150235^n

0.938967136150235^n = 1 - 0.823943661971833

0.938967136150235^n = 0.176056338028167

Log linearizing, we have:

n log0.938967136150235 = log0.176056338028167

n = log0.176056338028167 / log0.938967136150235

n = -0.754348335711024 / -0.0273496077747565

n = 27.5816875299865

Rounding to a whole number, we have:

n = 28

Therefore, it will take 28 years for Aunt Ruth to exhaust her funds.

Claude received notice that his disability benefits had ended and that he must resume working. What constitutional guarantee is involved?


the due process clause of the Fifth and Fourteenth Amendments

the Preamble of the US Constitution securing "the blessings of liberty"

Answers

Answer:

The due process clause of the Fifth and Fourteenth Amendments .

Explanation:

The Due Process Clause establishes that, for a person to be private or limited in relation to their rights, a procedure established by law for this purpose must be followed in advance. Thus, no limitation to the rights of the citizen can be carried out by the simple will or decision of the public administration, but must follow the guidelines established by the Legislative Power and judged as valid by the Judicial Power.

X Corporation and its two divisions, Domestic and Foreign, appear below:

Sales revenues, Domestic $640,000
Variable expenses, Domestic $371,300
Traceable fixed expenses, Domestic $76,500
Sales revenues, Foreign $493,900
Variable expenses, Foreign $281,800
Traceable fixed expenses, Foreign $63,900

In addition, X's common fixed expenses totaled $173,300 and were allocated as follows: $90,000 to the Domestic division and $83,300 to the Foreign division.

What is the segment margin for the Domestic division?

a. $178,700
b. $371,300
c. $102,200
d. $192,200

Answers

Answer:

d. $192,200

Explanation:

Preparation for What is the segment margin for the Domestic division

DOMESTIC division FOREIGN division

Sales revenues $640,000 $493,900

Less Variable expenses ($371,300) ($281,800)

Contribution margin $268,700 $212,100

($640,000-$371,300) ($493,900-$281,800)

Less Traceable fixed expenses ($76,500) ($63,900)

SEGMENT MARGIN $192,200 $148,200

(268,700-$76,500) (212,100-$63,900)

Therefore the segment margin for the Domestic division will be $192,200

Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2013. Its inventory at that date was $550,000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Current Date Current Prices Price Index December 31, 2014 $642,000 107 December 31, 2015 725,000 125 December 31, 2016 812,500 130 What is the cost of the ending inventory at December 31, 2014 under dollar-value LIFO

Answers

Answer: $603,500

Explanation:

Ending inventory in 2014;

= Ending inventory balance 2013 + (([tex]\frac{Inventory current price 2014}{Price index 2014}[/tex] * 100) - ending inventory 2013)) * Price index 2014/100

= 550,000 + (([tex]\frac{642,000}{107}* 100[/tex]) - 550,000)) * 107/100

= $603,500

Drew gets married in January of 2019 and provides support for his stepdaughter, Melissa, who is 26 years old. Melissa does not earn any income in 2019 since she is a full-time graduate student. Which of the following is true regarding Melissa as a qualifying relative

a. Melissa qualifies based on her age of 26
b. Melissa qualifies based on her earned income
c. Melissa qualified because there is no age limit on qualifying relatives
d. Both B and C are correct

Answers

Answer: A. Melissa qualifies based on her age of 26

Explanation:

An age of maturity qualifies an individual to access some rights in the society, especially at matured age ranging from 18-21 years above. Melissa qualifies to enjoy the benefits of Mr Drew based on her age.

2. How do fund raising for corporate organization differ from non- corporate organization

Answers

Answer:

see below

Explanation:

A corporation is considered a legal person. It is a form of business ownership that is separate from its owners. A  Non-corporation business has not gone through the incorporation process. As such, the business and the owner as considered as one entity.  A partnership and sole proprietorship are examples of non-corporations.

Raising funds for a corporation is much easier than for a non-corporation. A corporation raises funds through borrowing or by issuing shares to the public or existing shareholders in a private corporation. The money generated from issuing shares can be used to expand the business or meet outstanding debts.

A non-corporation relies on the owner's to fund business activities. If the owners don't have a good credit history, the business may face challenges obtaining loans.

A trial balance before adjustment included the following: Debit Credit Accounts receivable $120,000 Allowance for doubtful accounts 730 Sales $510,000 Sales returns and allowances 8,000 Give journal entries assuming that the estimate of uncollectibles is determined by taking (1) 5% of gross accounts receivable and (2) 1% of net sales.

Answers

Answer and Explanation:

The journal entries are as follows:

a. Allowance for doubtful debts Dr. $5,270   ($120,000 × 5% - $730)

         To Accounts Receivables $5,270

(Being allowance for doubtful debts is recorded)

Here the allowance for doubtful debt is debited as it increased the assets and credited the account receivable as it decreased the assets

2. Allowance for doubtful debts Dr. $4,290   ($510,000 × 1% - $730)

         To Accounts Receivables $4,290

(Being allowance for doubtful debts is recorded)

Here the allowance for doubtful debt is debited as it increased the assets and credited the account receivable as it decreased the assets

Corporation has 400 obsolete TV monitors that they carry in their inventory at a total cost of $576,000. If these monitors are upgraded at a total cost of $150,000, they can be sold for a total of $210,000. As an alternative, the calculators can be sold in their present condition for $11,200. Assume that Tolar decides to upgrade the calculators. At what selling price per unit would the company be as well off as if it just sold the calculators in their present condition?

a. $8 per calculator
b. $30 per calculator
c. $53 per calculator
d. $67 dollar per calculator

Answers

Answer: $403 per calculator

Explanation:

Assume the selling price is x.

400 calculators.

Upgrading them would cost $150,000 but if sold in present condition would fetch $11,200.

Expression would be;

400x - 150,000 = 11,200

400x = 161,200

x = 161,200/400

x = $403 per calculator

Suppose demand is given by teh equation PD= 100-2QD and supply is given by the equation PS=50+ 3Qs. Price is measured in dollars and quantity is measured in units, What is the deadweight loss of $20?

a. 40
b. 60
c. 20
d. 80

Answers

Answer:

a. $40

Explanation:

Question "What is the deadweight loss of $20 tax"

Demand is given by PD = 100 - 2QD

supply is given by PS = 50 + 3QS

For equilibrium, Demand = Supply

100 - 2QD = 50 + 3QS

3QS + 2QD = 100 - 50  

5Q= 50

Q = 10 units (Equilibrium quantity)

From PD = 100 - 2QD

P = 100 - (2*10)

P= $80 (equilibrium price)

With a tax of $20, the new supply curve is (PS - 20) = 50 + 3QS

PS = 550 + 20 + 3QS

PS = 70 + 3QS

Then, the new equilibrium is Demand = New supply

100-2Q = 70+3Q

3Q + 2Q = 100 - 70

5Q = 30

Q = 6 units (New equilibrium quantity)

P = = 70+3Q

P = 70 + (3*6) = $88 (New equilibrium price)

P  = $88

Now, at the new equilibrium quantity (6 units), Price on the initial supply curve, PS = 50+(3*6) = $68.

Then, the deadweight loss = 1/2* (Equilibrium quantity - New equilibrium quantity) * (New equilibrium price - Price on initial supply curve at new equilibrium quantity)

Deadweight loss = 1/2*(10-6)*(88-68)

Deadweight loss = 1/2*4*20

Deadweight loss = $40

Suppose a food pantry received a donation and allowed volunteers to vote on how the funds were to be spent. Three options were provided, with the donation only covering the cost of one project. The projects included improvements to the building, additional purchases of food, and purchasing a vehicle for food delivery. The majority of volunteers voted for purchasing a vehicle for food delivery with building improvements coming in second. Since only one project could be funded, what is the opportunity cost of the decision to purchase a vehicle

Answers

Answer:

improvements to the building

Explanation:

As we know that the opportunity cost is the cost that gives the benefit in the altnernative when the other thing is sacrifice. Now the

As the second best choice is that there should be an improvement in the building so here the opportunity cost related to the purchase of a vehicle is building improvement

Hence, the same is to be considered

Which of the following is NOT a step involved in creating a budget?
Gather financial records
O Track spending
O Expand earning avenues
Balance the budget

Answers

Answer:

expand earning avenues

Explanation:

Expand Earning Avenues is not a step involved in creating a budget. Hence, option C is appropriate.

What does it mean to Create a Budget?

Creating a Budget is one of the most important things, which signifies that during a particular fiscal year or for a short time, a company, an institute, or something of much more importance does follow a certain type of Budget related behavior.

Creating a Budget is being done for a lot of things including the most important thing is to keep proper track of the proceedings which are being gone on.

Budget creation is done annually in the parliament to produce a lot of things on which the Government will run the country. The other most important factor is the process of combining the percentage of the money which is going to be spent.

Hence, option C is correct.

Learn more about Creating Budgets here:

https://brainly.com/question/18484668

#SPJ2

Data for Corporation and its two divisions, Domestic and Foreign, appear below:

Sales revenues, Domestic $541,000
Variable expenses, Domestic $314,000
Traceable fixed expenses, Domestic $64,800
Sales revenues, Foreign $418,300
Variable expenses, Foreign $238,700
Traceable fixed expenses, Foreign $54,200

In addition, common fixed expenses totaled $146,900 and were allocated as follows: $76,300 to the Domestic division and $70,600 to the Foreign division.

Required:
What is the segment margin for the Domestic division?

Answers

Answer:

the segment margin for the Domestic division is $162,200

Explanation:

The computation of the segment margin is as follows:

Segment Margin is

= Sales Revenues, Domestic - Variable Expenses, Domestic - Traceable Fixed Expenses, Domestic

= $541,000 - $314,000 - $64,800

= $162,200

Hence, the segment margin for the Domestic division is $162,200

To measure system performance, companies use _____, which uses a set of standard tests on one system to compare its performance and capacity to that of other systems.

Answers

Answer:

benchmark testing

Explanation:

BENCHMARK TESTING can be regarded as method that is devices in the measurement of set of repeatable quantifiable results which usually taken as a point of reference in comparing products/services in a company. A benchmark must be a repeatable one, and it's application is also found in result testing in comparism of the present as well as well as future software releasees along with benchmarks. It should be noted that To measure system performance, companies use benchmark testing which uses a set of standard tests on one system to compare its performance and capacity to that of other systems.

Although the cost-plus method approach to product pricing may be used by management as a general guidance, when are some examples of other factors that managers should also consider in setting product prices?

Answers

Answer: value-based pricing.

Explanation:

In its literal sense, value-based pricing means basing pricing on the advantages of the product perceived by the consumer rather than on the exact cost of product creation. A painting, for example, may be priced as much more than canvas and paint prices: in fact, the price depends a lot on who the painter is.

What notation, if any, is made in a formal business letter that contains additional documents in the envelope?

“More”
“Enc.” or “Att.”
“Add plus 1”
None of the above

Answers

Answer:

The notation that is made in a formal business letter that contains additional documents in the envelope is:

“Enc.” or “Att.”

Explanation:

"Enc." means "Enclosures," while "Att." means "Attention."  These notations draw the attention of the letter recipient to the fact that there are other documents that may be accompanying the business letter.  The plural form of the word "Enclosures" is regularly used with the number of enclosures indicated.  But if it is one document, then the word "Enclosure" is preferred, indicating that the document is not more than one.  When "Attention" or "Att." is used, the documents are listed.

We use the accounting equation to identify what a company owns and owes. _____ are resources a company owns or controls, _____ are claims creditors have against a company’s assets, and _____ is the owner’s claim on a company’s assets.

Answers

Answer:

We use the accounting equation to identify what a company owns and owes. Assets are resources a company owns or controls, Liabilities are claims creditors have against a company’s assets, and Equity is the owner’s claim on a company’s assets.

Explanation:

The accounting equation reads as Assets = Liabilities plus Equity.

The accounting equation forms the basis for preparing the balance sheet and the double-entry accounting system. When well prepared, the assets side should balance with liabilities and equity.

The accounting equation is very useful as its shows us:

Assets ⇒ Resources owned by companyEquity ⇒ Owner's claim on company assets Liabilities ⇒ Claims of creditors on company assets

The accounting equation is:

Assets = Equity + Liabilities

Assets are the thing owned by the company such as buildings, lands, and stock.

Equity are refers to the portion of assets contributed by the owners while liabilities are those that were acquired by borrowing from creditors.

In conclusion, the accounting equation shows the relationships between assets, liabilities, and equity.

Find out more about the accounting equation at https://brainly.com/question/1347011.

Just clapped some cheeks, couldn't get away from me.

Answers

Answer:

1Competitive art used to be in the Olympics.

painter artist

Shutterstock

Between 1912 and 1948, the Olympic Games awarded medals in sculpture, music, painting, and architecture, according to Smithsonian magazine. After a heated debate in the post-war years, the competitions were scrapped. John Copley of Britain won one of the final medals: At 73, he would be the oldest medalist in Olympic history if his silver, awarded for his 1948 engraving Polo Players, were still counted.1Competitive art used to be in the Olympics.

painter artist

Shutterstock

Between 1912 and 1948, the Olympic Games awarded medals in sculpture, music, painting, and architecture, according to Smithsonian magazine. After a heated debate in the post-war years, the competitions were scrapped. John Copley of Britain won one of the final medals: At 73, he would be the oldest medalist in Olympic history if his silver, awarded for his 1948 engraving Polo Players, were still counted.1Competitive art used to be in the Olympics.

painter artist

Shutterstock

Between 1912 and 1948, the Olympic Games awarded medals in sculpture, music, painting, and architecture, according to Smithsonian magazine. After a heated debate in the post-war years, the competitions were scrapped. John Copley of Britain won one of the final medals: At 73, he would be the oldest medalist in Olympic history if his silver, awarded for his 1948 engraving Polo Players, were still counted.1Competitive art used to be in the Olympics.

painter artist

Shutterstock

Between 1912 and 1948, the Olympic Games awarded medals in sculpture, music, painting, and architecture, according to Smithsonian magazine. After a heated debate in the post-war years, the competitions were scrapped. John Copley of Britain won one of the final medals: At 73, he would be the oldest medalist in Olympic history if his silver, awarded for his 1948 engraving Polo Players, were still counted.1Competitive art used to be in the Olympics.

painter artist

Shutterstock

Between 1912 and 1948, the Olympic Games awarded medals in sculpture, music, painting, and architecture, according to Smithsonian magazine. After a heated debate in the post-war years, the competitions were scrapped. John Copley of Britain won one of the final medals: At 73, he would be the oldest medalist in Olympic history if his silver, awarded for his 1948 engraving Polo Players, were still counted.1Competitive art used to be in the Olympics.

painter artist

Shutterstock

Between 1912 and 1948, the Olympic Games awarded medals in sculpture, music, painting, and architecture, according to Smithsonian magazine. After a heated debate in the post-war years, the competitions were scrapped. John Copley of Britain won one of the final medals: At 73, he would be the oldest medalist in Olympic history if his silver, awarded for his 1948 engraving Polo Players, were still counted.1Competitive art used to be in the Olympics.

painter artist

Shutterstock

Between 1912 and 1948, the Olympic Games awarded medals in sculpture, music, painting, and architecture, according to Smithsonian magazine. After a heated debate in the post-war years, the competitions were scrapped. John Copley of Britain won one of the final medals: At 73, he would be the oldest medalist in Olympic history if his silver, awarded for his 1948 engraving Polo Players, were still counted.1Competitive art used to be in the Olympics.

painter artist

Shutterstock

Between 1912 and 1948, the Olympic Games awarded medals in sculpture, music, painting, and architecture, according to Smithsonian magazine. After a heated debate in the post-war years, the competitions were scrapped. John Copley of Britain won one of the final medals: At 73, he would be the oldest medalist in Olympic history if his silver, awarded for his 1948 engraving Polo Players, were still counted.1Competitive art used to be in the Olympics.

painter artist

Shutterstock

Between 1912 and 1948, the Olympic Games awarded medals in sculpture, music, painting, and architecture, according to Smithsonian magazine. After a heated debate in the post-war years, the competitions were scrapped. John Copley of Britain won one of the final medals: At 73, he would be the oldest medalist in Olympic history if his silver, awarded for his 1948 engraving Polo Players, were still counted.1Competitive art used to be in the Olympics.

1Competitive art used to be in the Olympics.

painter artist

Shutterstock

Between 1912 and 1948, the Olympic Games awarded medals in sculpture, music, painting, and architecture, according to Smithsonian magazine. After a heated debate in the post-war years, the competitions were scrapped. John Copley of Britain won one of the final medals: At 73, he would be the oldest medalist in Olympic history if his silver, awarded for his 1948 engraving Polo Players, were still counted.

Explanation:

What type of special title insurance policy covers the possibility of a mechanic's lien have priority over a mortgage or deed of trust

Answers

Answer:

Depending on the state this type of coverage is called slightly different names. E.g. in Colorado, this type of coverage in included under Comprehensive Coverage. In other states it is simply called Mechanic's Lien Coverage. Most title insurance companies that are registered in ALTA (American Land Title Association) offer some type of mechanic's lien coverage since it is one of the most common sources of litigation regarding real estate.

Mechanic's liens have priority over other types of liens and they are retroactive to the moment when the construction process began. E.g. the contractor started working on January 2, 2020, and decides to file a claim due to unpaid services on November. So the mechanic's lien is retroactive to January 2, 2020. If a mortgage was recorded on June, the mechanic's lien will have priority even though it was recorded at a later date.

Cohlsen Corporation has a favorable materials quantity variance. Which department would likely be asked to explain the cause of this variance

Answers

Answer:

b. None, because the variance is favorable.

Explanation:

As in the given question it is mentioned that the Cohlsen corporation has the favorable variance of material quantity so due to the variable there would be no department involved

But in the case when there is an unfavorable material quantity variance so the production department would be held responsible for the same in order to maintain the quantity with the standards

Therefore the correct option is b.

SartainC orporation is planning its annual budget and has the following beginning and ending inventory levels planned for the year.

Beginning Inventory Ending Inventory
Finished goods (units) 22,000 32,000
Raw material (grams) 52,000 42,000

Each unit of finished goods requires 3 grams of raw material. The company plans to sell 170,000 units during the year. How much of the raw material should the company purchase during the year?

a. 552,000 grams
b. 540,000 grams
c. 530,000 grams
d. 582,000 grams

Answers

Answer:

c.530,000 grams

Explanation:

Calculation for How much of the raw material should the company purchase during the year

First step is to prepare the Production Budget

PRODUCTION BUDGET

Budgeted unit sales 170,000

Add desired ending finished goods inventory

32,000

Total 202,000

(170,000+32,000)

Less beginning finished goods inventory (22,000)

Required production in units 180,000

(202,000-22,000)

Second step is to prepare Materials Budget

MATERIALS BUDGET

Raw materials required for production 540,000

(180,000*3 grams)

Add desired ending finished goods inventory

42,000

Total raw materials needed 582,000

(540,000+42,000)

Less beginning finished goods inventory (52,000)

Required material purchases 530,000 grams

(582,000-52,000)

Therefore the amount of the raw material that the company should purchase during the year is $530,000 grams

For the following statement/questions match the assertion that best matches: When auditing the following accounts identify what auditors are primarily concerned with:

a. Revune
b. Assests
c. Liabilities
d. Expenses


1. Overstatments
2. Understatments

Answers

Answer:

When auditing the following accounts, auditors are primarily concerned with:

   Accounts               Assertions

a. Revenue            Overstatements

b. Assets               Overstatements

c. Liabilities           Understatements

d. Expenses         Understatements

Explanation:

Auditors are generally concerned about these assertions when auditing financial statements and their related disclosures: accurate recording, completeness, cut-off, existence, rights and obligations, and valuation.  For revenue and assets, they want to ensure that these are not overstated.  Their overstatement will increase the reported profits of the entity, which is a kind of cooking the books to please analysts.  They are also interested in ensuring that liabilities and expenses are not understated for the same purpose.

Kunze Corporation has $1 par value Common Stock with 100,000 shares authorized and 25,000 shares issued. The journal entry to record Kunze's purchase of 10,000 shares of common stock at $4 per share would be:

Answers

Answer and Explanation:

The journal entry to record the purchase of common stock is as follows:

Treasury stock (10,000 shares × $4 per share) $40,000

      To cash $40,000

(being the purchase of common stock is recorded)

Here treasury stock is debited as it reduced the stockholder equity and the cash is credited as it also decreased the assets

Ken consumes two goods, Sprite and potato chips. Sprite costs $1 per can, and he consumes it to the point where the marginal utility he receives from his last Sprite is 3. Potato chips cost $2 per bag, and the relationship between the marginal utility he gets from eating a bag of potato chips and the number of bags he eats per month is as follows:

Bags of Potato chips 1 2 3 4 5 6
Marginal utility 30 20 12 6 2 0

Required:
If Ken is maximizing his utility, how much does he spend on potato chips each month?

a. $2
b. $6
c. $8
d. $10
e. $12

Answers

Answer:

The correct option is c. $8.

Explanation:

Ken will maximize utility where the following equation holds:

MU of Sprite / Price of Sprite = MU of potato chips / Price of potato chips ................. (1)

Where;

MU of Sprite = Marginal utility of Sprite = 3

Price of Sprite = $1 per can

From the table in the question, equation (1) holds at the point where Marginal utility of potato chips is 6 since the Potato chips cost $2 per bag.

Substituting the values into equation (1), we have:

MU of Sprite / Price of Sprite = MU of potato chips / Price of potato chips => 3 / 1 = 6 / 2 = 3

Since when the marginal utility of potato chips that maximizes utility is 6, Ken consumes 4 Bags of Potato chips monthly and pays $2 per bag at this point, the amount he spends on potato chips each month can be calculated as follows:

Amount spent on potato monthly = Number of bags of Potato chips consumed monthly * Cost of potato chips per bag = 4 * $2 = $8

Therefore, the correct option is c. $8.

I Need help ASAP pls

Answers

Answer:

THis is hard

Explanation:

good luck

Carlos bought a building (AB) for $113,000 in 2014. He added an leasehold improvements addition to the building for $26,000. In 2018, he sold (SP) it for $212,000. What was his long-term capital gain (LTCG) (ignore depreciation

Answers

Answer:

Long-term capital gain = $73,000

Explanation:

The long-term capital gain (LTCG) can be calculated using the following formula:

Long-term capital gain = Selling price - Cost of acquisition - Cost of improvement .............. (1)

Where;

Selling price = $212,000

Cost of acquisition = $113,000

Cost of improvement = $26,000

Substituting the values into equation (1), we have:

Long-term capital gain = $212,000 - $113,000 - $26,000 = $73,000

Note:

Since no information on cost inflation index is given in the question, that implies that there is no need to use indexed cost of acquisition and indexed cost of  improvement in our calculation. Therefore, the Cost of acquisition and Cost of improvement has to be used as given in the question.

Why is it important to demonstrate a positive work attitude in the workplace?
to be seen as trustworthy and reliable
to be seen as coachable and flexible
to be seen as willing to delegate tasks
to be seen as easily persuadable

Answers

Answer:

To be seen as trustworthy and reliable

Explanation:

Cause in a working environment, you want to be known as a trustworthy, and reliable worker. Which allows you to have much more career possibilitties.

Answer:

A. to be seen as trustworthy and reliable

Explanation:

i just took the test

Kevin McCormick is buying a sports utility vehicle at a car dealership. The base price is $25,565; the factory installed options totaled $2,764; and the destination charge is $495. What is the sticker price?

Answers

Answer:

$28, 824

Explanation:

The sticker price is also known as the MSRP, or the manufacturer recommended retail price. It includes any dealer-installed accessories, any fees, and add-on products plus dealer markup.

The sticker price is this scenario will include

The base value  $25,565, plus factory installed options  $2,764, plus the destination charge $495.

=  $25,565 + $2,764 + $495.

= $28, 824

asdfghjaaaaaaaaaaaaaaaaaaasssssssssssssssssssssssddddddddddddddddddddfffffffffff

Answers

asdfghjaaaaaaaaaaaaaaaaaaasssssssssssssssssssssssddddddddddddddddddddfffffffffff

Answer:

bhgvggfccftcfcuvftvftcftcvtvftfvfgtuvvvgghgggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggg

Explanation:

i win

Novak Corp. had accounts receivable of $140,000 on January 1, 2022. The only transactions that affected accounts receivable during 2022 were net credit sales of $3,795,000, cash collections of $3,725,000, and accounts written off of $20,000.

Required:
a. Compute the ending balance of accounts receivable.
b. Compute the accounts receivable turnover for 2016.
c. Compute the average collection period in days.

Answers

Answer:

a $210,000

b 21.69 times

c 16.83 average days

Explanation:

a. The ending balance of accounts receivable

= Accounts receivables at the beginning - Cash collections + Net Credit sales

Given that;

Accounts receivables at the beginning = $140,000

Cash collections = $3,725,000

Net Credit sales = $3,795,000

Ending balance of accounts receivable

= $140,000 + $3,795,000 - $3,725,000

= $210,000

b. Compute the accounts receivable turnover

= Net credit sales + [(Beginning account receivable + Ending account receivable) / 2]

= $3,795,000 ÷ [ ($140,000 + $210,000)/2]

= $3,795,000 ÷ $175,000

= 21.69 times

c. Compute the average collection period

= Average accounts receivable ÷ [Annual sales ÷ 365]

= $175,000 ÷ ($3,795,000 ÷ 365)

= $175,000 ÷ $10,397

= 16.83 average days to collect receivables

Other Questions
He wrote a letter to her. change above sentence into simple future tenseplzzzzzzzzz say it The membranes of mictochondria, chloroplasts, and bacteria do all of the following except A). Pump ions against concentration gradients B). Generate ATP C). Generate chemical gradients D). Catalyze the reactions of glycolysis help asap please i will you give you brainlist help please ill mark brainlyist 25 pts. A rabbit is 4m away from its burrow. Each hop takes it 0.4 farther from the burrow. The following diagram shows that there is a tasty plant that is 6m text from the burrow.Which equation can we use to determine h, the number of hops it takes the rabbit to reach the plant?Choose 1 answer: The vertices of an ellipse are (0,-1) and (8,-1). The endpoints of the minor axis are (4,1) and (4,-3). Write the equation of the ellipse in general form What does the prefix "hind" mean? How do you know? How do i get energy to do english hw Hey! Is there person nice enough out there to help me? Where does the carbon used to make glucose come from?. 44Based on context, the term resistance in paragraph 6 means _______.A: oppositionB: approvalC: variationD: individualize pls help me if you do geometry and really good at this Everyone in the U.S. must: 15-a=20 what is the vaule of a? Which alternative form of multimedia will make audio clips more accessible to people with hearing disabilities Please help meWill mark as brilliant Please help me out guys it;s pretty simple The sum of two numbers is 30. One number is 12 more than the other. Find these two numbers. please help!! which diagram best illustrates the relationship between the number of cells,tissues and organs in a complex multicellular organism Josh finished 24 math problems and 60 minutes at this rate how many minutes will it take him to complete 72 problems When does an embryo officially become a fetus?week thirteenweek eightweek elevenweek twelve