Ed, an employee of the Natural Color Company, suffered from a rare disease that was very expensive to treat. The local media ran several stories about Ed’s problems, and the family created a website that generated more than $10,000 in gifts from individuals to help pay the medical bills. Ed’s employer provided hospital and medical insurance for its employees, but the policy did not cover Ed’s illness. When it became apparent that Ed could not pay all of his medical expenses, the hospital canceled the $25,000 Ed owed at the time of his death. After Ed’s death, his former employer paid Ed’s widow $12,000 in "her time of need." Ed’s widow also collected $50,000 on a group term life insurance policy paid for by Ed’s employer. What are Ed’s and his widow’s gross income?

Answers

Answer 1

Answer:

Ed and his Widow's Gross Income is:

$97,000

Explanation:

a) Data and Calculations:

Gifts from individuals     $10,000

Medical expense offset  25,000

Time of need pay             12,000

Group life insurance       50,000

Gross income               $97,000

b) Ed and his widow's gross income is $97,000.  It is the sum of  all forms of earnings before any deductions or taxes. The gross income is higher than the net income, which is defined as the gross income minus taxes and other deductions.


Related Questions

The longer a goal takes to be realized the more likely it is to be successful. False True

Answers

Answer:

false

Explanation:

faulse because any thing can be successful if you put your mind to it.

Explanation:

Which of the following describes interest compound on the principle, excluding previously earned interest?
a- future value
b- present value
c- simple interest
d- compunding

Answers

Answer:

c- simple interest

Explanation:

Simple interest is the interest attained on the principal amount only. It is expressed as a percentage of the principal amount. Because the principal amount does not change, and the interest rate remains constant, the simple interest amount is a constant figure throughout the investment life.

Simple interest contrast compound interest that earns interest on previously earned interest.

a motivational speach before final exams​

Answers

Explanation:

Honestly, you got this! Don't stress yourself too much! You are capable of AMAZING things! I am positive you will do great on this exam! Never stop working hard, but don't forget to reward yourself! You can do anything you set your mind to!

I don't know if this helped but GOOD LUCK!!

If you average 6 hours of sleep per night Monday through Friday and 9 hours per night on Saturday and Sunday, what fraction of the entire week do you spend asleep? *

Answers

Answer:

2/7

Explanation:

4. People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
(c) Both of the above
(d) None of the above​

Answers

Answer:

(b) Common objectives

Explanation:

People and departments in an organization perform different functions, but all focus on achieving its objectives. An organization's top management sets the goals and targets for a particular period. It then identifies specific actions that need to be accomplished to achieve the set goals.

The identified actions are distributed to various departments for implementation. Each department will break down its activities into small tasks and assign them to individual workers. Every employee will be working to achieve their set objectives. If all workers achieve their targets, the departments will meet their objectives, and so is the organization's goals.

Which of the following is a way of allocating necessary goods when they are in short supply?

Answers

Answer:

shortage

Explanation:

When the price of a good is too low, a shortage results when buyers want more of the good than sellers are willing to supply at that price.

describe how supply and demand impact the cost of a good of service

Answers

Answer:

see below

Explanation:

Supply

Supply is the volume of a product or service that suppliers are willing to sell at the market at the stated price. The quantities supplied have a direct impact on the price of the product or service.  The ideal volume is the equilibrium quantity, where there is no excess or short supply.  Both sellers and buyers are happy with the price at the equilibrium quantity.

Should supply exceed equilibrium quantity, there is an excess supply in the markets. Many suppliers try to sell to a few buyers.  Consequently, the prices decrease. When supply is below the equilibrium quantity,  it causes a shortage in the market. As buyers compete for the few available products and services, prices increase.

Demand

Demand refers to the quantities that buyers are willing to purchase at a given price in a period. There exist a direct and proportionate relationship between the demand and price of a product or a service. An increase in demand causes the price to rise. When the demand falls, the prices decline.

Marc and michelle are married and earned salaries this year of $70,400 and $14,400, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $1,300 from corporate bonds. Marc contributed $3,300 to an individual retirement account, and marc paid alimony to a prior spouse in the amount of $2,300. Marc and michelle have a 10-year-old son, matthew, who lived with them throughout the entire year. Thus, marc and michelle are allowed to claim a $2,000 child tax credit for matthew. Marc and michelle paid $7,600 of expenditures that qualify as itemized deductions and they had a total of $6,665 in federal income taxes withheld from their paychecks during the course of the year

Answers

Answer:

Since we are not given any specific year, I will use the 2020 tax schedule:

Marc and Michelle's gross income = Marc's and Michelle's salaries + interest from corporate bonds = $70,400 + $14,400 + $1,300 = $86,100

they should choose the standard deduction since it is higher than their itemized deductions = ($24,400)

contribution to IRA = ($3,300)

Marc and Michelle's taxable income = $58,400

Marc and Michelle's tax liability = $1,975 + [12% x ($58,400 - $19,750)] = $6,613

Alimony payments are not longer tax deductible and interests on municipal bonds is not taxable.

Since their income tax withholdings exceed their tax liability, they should get a refund for $6,665 - $6,613 = $52

Also, since they are allowed a $2,000 child tax credit, but they do not owe any more taxes, they are entitled to a $1,400 refund.

Total refund for 2020 = $1,452.

Compile a list of at least five alternative actions for Vodafone Egypt. Provide reasons to support all identified alternatives. Select the action that you would take if you were in the position of Hatem Dowidar as CEO of Vodafone Egypt. Identify information or perspectives that you are missing. Whom would you like to talk to in order to get the information you are looking for?

Answers

Answer with Explanation:

As a CEO of the company following are the actions that I will focus on:

In dept assessment of the issue.Developing tune of Transparency Identifying potential ProblemsIdentifying potential solutionsAppraisal of strategic options (solutions) availableImplement the best Strategic option Meet all the social, environmental and legal requirementsContinuous monitoring and controlling the implementation of plansSummarize the complete project which includes financial and non-financial aspect of the project. Also add what we learnt from the project and things to reform in future.

Kindly not that there can be significant changes to implementation of plan and this will also affect the control structure. Furthermore investigation and team work is essential to achieve combined objectives so I will also focus in these basic things.

PLZ help
Why must people make choices about which goods to produce and consume? Select three options.

Consumption is difficult.
Resources are limited.
Production requires resources.
Everyone wants or needs goods.
Not enough people are producers.

Answers

Answer:

Resources are limited.

Production requires resources.

Everyone wants or needs goods.

Explanation:

Different regions provide different resources that people can use for their business. People in that region need to understand the type of resources that are available for them and produce the goods that can be sustained by the available resource.

This scarcity means that acquiring resources require a certain amount of capital. Since people do not unlimited capital, they have to be picky with their consumption/production to ensure the ones with highest priority are fulfilled first.

On top of that, everyone wants or needs goods. Meaning that in order to obtain a certain resources, people will have to face competition. As the competition become more fierce, the sacrifice that is needed to obtain a certain product is increased. This is also why they have to watch out which product they should choose to consume.

Answer:B,C,D

Explanation:

beep+boop=? leeloooploploploploploploploploploploploploploploplolloploploloploploploploploploploploploploploploploploploploploploplopllploloploploploploploloploplololoploploloploplololololololopploploloploploplloploploplloploploploploopoploloploplplploplolplploplpl

Answers

Answer:

What??

Explanation:

wdym??????? I don't get it

scibideedoobapdeetdot i think this is correct.....

Suppose that TapDance, Inc.'s capital structure features 75 percent equity, 25 percent debt, and that its before-tax cost of debt is 9 percent, while its cost of equity is 14 percent. The appropriate weighted average tax rate is 21 percent. What will be TapDance's WACC?

Answers

Answer:

11.33%

Explanation:

Cost of debt (Cd) = 8% = 0.08

Cost of Equity (Ce) = 13% = 0.13

E = market value of firm's equity = 75% = 0.75

Market value of debt (D) = 25% = 0.25

Tax rate (T) = 21% = 0.21

WACC = (E/T0) *Ce + (D/T0) * Cd * (1-T)

= 0.75 * 0.13 + 0.25 * 0.08 * (1 - 0.21)

= 0.0975 + 0.0158

= 0.1133

= 0.1133 * 100%

= 11.33%

4. Timco shares are currently valued at 53 each. There are two million outstanding. Last year, the dividend was 2, but we expect it to grow at 8% forever. Net Income is expected to be 10 million. The firm uses 40% debt in their capital structure. They can borrow more at 4%. The tax rate is 35%. New shares can be sold for 6% flotation costs. Find the breakpoint and the WACC before and after. (9.47, .083, .0844).

Answers

Answer:

(9.47, .083, .0844).

Explanation:

Calculation for the breakpoint and the WACC before and after

First step is to find the dividend for the current year .

Dividend= 2*.08

Dividend  = 2.16

Second step is to find the r/s

r/s = (2.16/53) + .08

r/s=0.0406+.08

r/s= .1206

Third step is to find the WACC

WACC = .4*.04 * .65 + .6*.1206

WACC= .0104 + .07236

WACC= .08276 Approximately 0.83

Fourth step is to find the New WACC

New WACC

P(n) = 53*.94 (1-6%)

P(n)= 49.82

P(n)=(2.16/49.82) + .08

P(n) = .1234

P(n)=.4*.04*.65 + .6*.1234

P(n)= .0104 + .07404

P(n)= .08444

P(n)=2*2.16 = 4.32

P(n)=10-4.32 = 5.68 million

P(n)=5.68/.6

P(n)= 9.466 approximately 9.47

Therefore the breakpoint and the WACC before and after will be (9.47, .083, .0844).

hi answer this if you know it plz :)
How do consumers usually react when they are dissatisfied with a product or its delivery?
O A. purchase from local produce
B. purchase in bulk
C.
shift their loyalties
D.
reduce frequently of purchase

Answers

D I think but if wrong sorry

The demand and availability of an occupation is often referred to as what?

Answers

Answer:

Job outlook.

Explanation:

A job outlook is a forecast of how many jobs there are likely to be in a specific industry and how quickly that number is changing. An individual can consult a job outlook in order to help plan the future of his career.

Select the examples that best demonstrate likely tasks for Business Financial Management and Accounting workers.
Check all that apply
Horace documents information about a company's spending on a computer
Sun creates a budget to show how money will be used
Noel creates goals and policies for a company and presents them at a meeting
Jermaine researches a company's potential customers and ways to sell to them.
Selina helps employees and management to negotiate and come to agreement.
Aubrey checks documents and reports to make sure they are accurate and complete

Answers

Answer:

A.) Horace documents information about a company’s spending on a computer.

B.) Sun creates a budget to show how money will be used.

F.) Aubrey checks documents and reports to make sure they are accurate and complete.

Explanation:

I did the assignment

Answer:

A.) Horace documents information about a company’s spending on a computer.

B.) Sun creates a budget to show how money will be used.

F.) Aubrey checks documents and reports to make sure they are accurate and complete.

Explanation:

took it on edge 2020 and got it right

Question:
Which job title describes a person with a career in natural resources?
•production manager
•architectural engineer
•environmental scientist
•tile setter​

Answers

Answer: its environmental scientist

Explanation:

Write a short paragraph describing the benefits of arriving on time to work and work-related meetings.

Answers

The benefits or arriving on time to work and work related meetings would be getting a chance to prove your responsibility. You could also prove the your there to work hard. You could get a raise for always being in time. You could eventually get a better job. Or made a manager

Answer:

-You avoid the frustrations of likely delays and interruptions.

-You get extra information the late arrivers miss.

-You can get reoriented if necessary.

-You arrive with more peace of mind.

-You are favorably noticed.

-You get time to test your equipment.

-You build a cushion.

-You build trust that you are reliable and dependable.

or you can just say

The benefits or arriving on time to work and work related meetings would be getting a chance to prove your responsibility. You could also prove the your there to work hard.

so my dad is a nacissisct how do i deal with him! 50 points

Answers

Answer:

ok

Explanation:

In a command economy, which group is most responsible for producing the
goods people in society need?
A. Family members
B. Government agencies
C. Private businesses
D. International corporations

Answers

Answer:

Government agencies

Explanation:

In a command economy, the government controls major aspects of economic production. The government decides the means of production and owns the industries that produce goods and services for the public. The government prices and produces goods and services that it thinks benefits the people.

(B) Government agencies.

Command economy (Planned economy):In a planned economy, production, allocation of capital goods, and investment all occur in accordance with broad-scale production and economic plans. Centralized, decentralized, participative, or Soviet-style economic planning are all possible in a planned economy. Depending on the precise kind of planning mechanism used, the degree of centralization or decentralization in decision-making and involvement will vary.Central planning has been utilized in socialist regimes built on the Soviet model, however, some, like the former Socialist Federal Republic of Yugoslavia, have embraced some kind of market socialism. The direct calculation is substituted for factor markets in market abolitionist socialism as a means of coordinating the operations of the multiple socially owned economic firms that comprise the economy.

Therefore, the correct answer is (B) Government agencies.

Know more about the planned economy here:

https://brainly.com/question/3386698

#SPJ2

Today, more than ____________ student members are engaged in a wide range of agricultural education activities, leading to more than 300 career opportunities in the agricultural science, food, fiber and natural resources industry 20 points 100 50 500,000 1.5 Million

Answers

Answer:

Today, more than 500,000  student members are engaged in a wide range of agricultural education activities, leading to more than 300 career opportunities in the agricultural science, food, fiber and natural resources industry.

Explanation:

This question is related to the work of the FFA, which is an institution that promotes education based on agriculture, training students across the country to receive agricultural education and later take up positions in this area.

As we know, agricultural production is very important for the growth and development of the country, for this reason, it is necessary to educate young people in a way that they realize the importance of this sector, promoting its continuity. This is a responsibility that is being taken on by the FFA, which already has over 500,000 student members who are involved in a wide range of agricultural education activities, leading to more than 300 career opportunities in the agricultural science, food, fiber and natural resources industry. .

What should you do in the following scenario?
You are in your first position as a social worker. During a home visit, you start to suspect the client might be considering harm to herself. You know that what a client shares is to remain confidential.

take the client to a therapist
keep the information confidential
report the situation to your supervisor
report the situation to a member of the family

Answers

Answer:

D

Explanation:

Answer:

d report the situation to a member of the family

Explanation:

PLEASE HELPP!!!! ASAP 50 POINTS WILL MARK BRAINLIEST

What is financing? (Select the best answer.)


Using a debit card to make purchases


Paying back debts


Using credit to pay for purchases


Reducing the principal of a loan


What might you do if you are unable to get a credit card? (Select the best answer.)


Stop accepting government assistance


Pay less attention to your bank balance


Make as many cash purchases as possible


Apply for a department store card

Answers

1.) Using a credit card to make purchases
2.)stop accepting government assistance or apply for a department store card.

Don’t know for sure if these are correct but... Good luck

what are the three occupations business ​

Answers

Answer:

Agriculture, Food and Natural Resources. Architecture and Construction.

Arts, Audio/Video Technology and Communications

Education and Training

Government and Public Administration

Hospitality and Tourism

Information Technology

Manufacturing

Science, Technology, Engineering and Mathematics.

which is the best way to express interest in a new job call the employer list reasons for wanting the job send a resume communicate your interest A. call the employer B. list reasons for wanting the job C. send a resumè D. communicate your interest​

Answers

Answer:

(C) send a resumé

Which of the following are discriminatory reasons to lose your job? Check all of the boxes that apply.

The company is closing.

Your new boss does not share your religious views.

You were deployed by the Army National Guard.

You are always late to work and sometimes do not show up at all.

Answers

Answer:

Your new boss does not share your religious views

Explanation:

the second one

Answer:

It was 2 and 3

Explanation:

I just did it

The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $6.3 million, and the 2015 balance sheet showed long-term debt of $6.5 million. The 2015 income statement showed an interest expense of $220,000. During 2015, the company had a cash flow to creditors of $20,000 and the cash flow to stockholders for the year was $75,000. Suppose you also know that the firm's net capital spending for 2015 was $1,480,000, and that the firm reduced its net working capital investment by $91,000

Answers

Answer:

$1,484,000

Explanation:

For calculation of operating cash flow first we need to compute the cash flow from assets which is shown below:-

Cash flow from assets = Cash flow to creditors + Cash flow to stockholders

= $20,000 + $75,000

= $95,000

Cash flow assets = OCF - Net capital spending - Change in net working capital

= $95,000 = OCF - $1,480,000 - (-$91,000)

= $95,000 = OCF - $1,480,000 + $91,000

= $95,000 = OCF - $1,389,000

OCF = $1,484,000

Problems within the business is called
risk.
O compliance
operational
O financial
strategija

Answers

It would be compliance operational

What is business overview

Answers

Answer:

A company overview (also known as company information or a company summary) is an essential part of a business plan. It's an overview of the most important points about your company—your history, management team, location, mission statement and legal structure.

Explanation:

Answer:

It is an essential part of a business plan. It's an overview of the most important points about your company.

Explanation:

Hope this helps!

Frank is lending $1,000 to Sarah for two years. Frank and Sarah agree that Frank should earn a 1 percent real return per year. Instructions: Enter your responses as as whole numbers. a.The CPI (times 100) is 100 at the time that Frank makes the loan. It is expected to be 117 in one year and 136.9 in two years. What nominal rate of interest should Frank charge Sarah? The nominal rate of interest charged should be %. b. Suppose Frank and Sarah are unsure what the CPI will be in two years. How should Frank index Sarah's annual repayments to ensure that he gets an annual 1 percent real rate of return. Frank should charge Sarah % the inflation rate.

Answers

Answer:

a) 18%

b) if Frank and Sarah are unsure about future inflation rate, they can agree on a variable interest rate. For e.g. this year the inflation rate was 17%, so the interest charged is 18%. If next year the interest rate is 15%, then the interest charged should be 16%.

the formula that they can use to calculate inflation rate is:

for calculating the first year's inflation rate = [(CPI₁ - CPI₀) / CPI₀] x 100for calculating the second year's inflation rate = [(CPI₂ - CPI₁) / CPI₁] x 100

Explanation:

principal $1,000

real return = 1%, that means that Frank will earn inflation rate + 1%

since the CPI increases by 17% every year, then Frank must charge 17% + 1% = 18%

Other Questions
HURRY PLZZZZZZZ WORTH 40 PTSRead this excerpt from Henry Fords autobiography, My Life and Work. We were a prosperous company. We might easily have sat down and said: "Now we have arrived. Let us hold what we have got." Indeed, there was some disposition to take this stand. Some of the stockholders were seriously alarmed when our production reached one hundred cars a day. They wanted to do something to stop me from ruining the company, and when I replied to the effect that one hundred cars a day was only a trifle and that I hoped before long to make a thousand a day, they were inexpressibly shocked and I understand seriously contemplated court action. . . . The temptation to stop and hang on to what one has is quite natural. I can entirely sympathize with the desire to quit a life of activity and retire to a life of ease. I have never felt the urge myself but I can comprehend what it is although I think that a man who retires ought entirely to get out of a business. There is a disposition to retire and retain control. It was, however, no part of my plan to do anything of that sort. I regarded our progress merely as an invitation to do more. Based on this excerpt, which words best describe Henry Ford? educated and intelligent kindhearted and considerate absent-minded and reckless hard-working and ambitious in 4 days a student studied 60 minutes which equation shows this relationship Which diagram represents a fraction equivalent to 75%? Can you help me please Create a class named Tile that represents Scrabble tiles. The instance variables should include a String named letter and an integer named value. Write a constructor that takes parameters named letter and value and initializes the instance variables. Write a method named printTile that takes a Tile object as a parameter and displays the instance variables (letter and value) in a reader-friendly format. Using a Driver class create a Tile object with the letter Z and the value 10, and then uses printTile to display the state of the object. Create getters and setters for each of the attributes. Compare the populations of these two groups in the two periods. Which statement accurately reflects the data in the table? Help me pleasee... thank you sm in advance. what role do particles play in exterting pressure? What was the focus of Renaissance art? how were settlement houses and political machines similar how were they different 2/4 = y/10 what is y? Read this excerpt from The Raven.here I opened wide the doorDarkness there and nothing more.Deep into that darkness peering, long I stood there wondering, fearing,Doubting, dreaming dreams no mortals ever dared to dream before;But the silence was unbroken, and the stillness gave no token,And the only word there spoken was the whispered word, "Lenore?"This I whispered, and an echo murmured back the word, "Lenore!" Merely this and nothing more.Which best describes the imagery the poet is creating in this excerpt?The speaker goes to his bedroom door, opens the door, and finds his lover Lenore standing in the dark on the other side.The speaker opens his bedroom door into darkness and there is nothing there so he closes the door quickly and runs back to bed.The speaker opens his bedroom door, stands there a while, whispers into the darkness, Lenore, and hears this word echo softly but nothing more.The speaker opens his door as fast as he can to run into his room, away from the scary darkness in the hallway that has no lighting. As the driver of an 18-wheeler the maximum weight allowed for your truck in one state is 80,000 pounds. How many tons is that? What happens when Teddy tries to dodge the train? in the story the body What technology is used with building a closet organizer? In paragraph 12, What was the manager trying to achieve by calling the police? which is greater? 0.4 or 0.127 ASAP j need help on this what is the meaning of religion The enduring legacy of communist control of Bulgaria is ___________. I need the answer before Wednesday