Answer:
The answer is A.
Explanation:
Answer: A
Explanation:
Parvati is a single taxpayer. Her AGI is $74,098, she does not own a home, and she contributed the following charitable donations to qualified charitable organizations:
04/01/20 $250 04/16/20 $50 05/20/20 $350
What amount can she deduct on her 2020 tax return?
a) $0
b) $650
c) $350
d) $300
Answer: $300
Explanation:
According to the Coronavirus Aid, Relief, and Economic Security (CARES Act), individual taxpayers can claim about $300 deduction in taxes as charitable donations.
Therefore, it should be noted that despite the standard deduction that Parvati has to pay, she would still have to pay $300 which would be deducted on her 2020 tax return.
Which of the following are requirements for a valid power of attorney to be accepted and used in conjunction with the offering of financial products in an H&R Block office?
A.) The Power of Attorney must include the name of the Principal and Agent.
B.) Proper identification must be obtained for the Principal and Agent.
C.) Both the Principal and Agent must be the legal age of majority.
D.) The Power of Attorney must meet the requirements of state law where written.
E.) All of the above.
Answer: E.) All of the above.
Explanation:
For the power of Attorney to be valid it needs to include certain things such as the names of both the Principal and the Agent who is to obtain the power. Both the principal and the agent must be properly identified as well.
They should also both be of a legal age of majority in the state where the agreement is being written. Finally, the Power of Attorney must not break any State law as relates to it in the state it was drafted.
It should be noted that the requirements for a valid power of attorney to be accepted and used in conjunction with the offering of financial products in an H&R Block office are;
The Power of Attorney must include the name of the Principal and Agent.Proper identification must be obtained for the Principal and Agent. Both the Principal and Agent must be the legal age of majority.The Power of Attorney must meet the requirements of state law where written.According to the given question, we are to discuss the requirements for a valid power of attorney to be accepted and how it works.
As a result of this we can see that Power of Attorney must include the name of the Principal and Agent and Principal as well as the Agent needs to have legal age of majority.
Therefore, all of the options are correct because, Power of Attorney must include the name of the Principal and Agent.
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. In terms of the leadership style Taylorism is: a. People Oriented b. Task Oriented c. Neither People nor Task d. Sustainability oriented
Answer:
b. Task Oriented
Explanation:
As we know that the scientific management approach was established by FW taylor where he focused on work not the worker. Hee finds the ways for doing the work in effective and efficient way via scientific research
So in term of the leadership style, taylorism would be task oriented
Therefore the option b is correct
Songsu Co. is struggling to control costs. We are hired as consultants to determine why the company’s actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis.AH = Actual HoursSH = Standard HoursAR = Actual RateSR = Standard Rate1. & 2. Compute the direct labor rate variance and direct labor efficiency variance. Indicate whether this cost variance is favorable, unfavorable or no variance.3. & 4. Compute the variable overhead variance and fixed overhead variance. Indicate whether this cost variance is favorable, unfavorable or no variance.
Answer:
1. Direct labor rate variance=$38,250 Favorable
2. Direct labor efficiency variance=$43,350 UnFavorable
3. Variable overhead cost=$21,400 Favourable
4. Fixed overhead cost=$6,800 Unfavorable
Explanation:
1. & 2. Computation for the direct labor rate variance and direct labor efficiency variance
Computation for DIRECT LABOR RATE VARIANCE using this formula
Direct labor rate variance= (Actual hour * Actual rate)-(Actual hour* Standard rate)
Let plug in the formula
Direct labor rate variance=[(5,100*2.5)*$14]- [(5,100*2.5)*$17]
Direct labor rate variance=(12,750*$14)-(12,750*$17)
Direct labor rate variance=$178,500-$216,750
Direct labor rate variance=$38,250 Favorable
Therefore Direct labor rate variance will be $38,250 Favorable
Computation for DIRECT LABOR EFFICIENCY VARIANCE using this formula
Direct labor efficiency variance= (Actual hour *Standard rate)-(Standard hour* Standard rate)
Let plug in the formula
Direct labor efficiency variance=[(5,100*2.5)*$17]- [(5,100*2)*$17]
Direct labor efficiency variance=(12,750*$17)-(10,200*$17)
Direct labor efficiency variance=$216,750-$,173,400
Direct labor efficiency variance=$43,350 UnFavorable
Therefore Direct labor efficiency variance will be $43,350 UnFavorable
3. & 4. Computation for the variable overhead variance and fixed overhead variance.
Computation for VARIABLE OVERHEAD VARIANCE
First step is to calculate the Overhead cost applied using this formula
Let plug in the formula
Overhead cost applied=Predetermined overhead rate*Standard Direct Labor hour)
Overhead cost applied=$12*(5,100*2)
Overhead cost applied=$12*10,200
Overhead cost applied=$122,400
Now let calculate Variable overhead cost using this formula
Variable overhead cost=Overhead cost applied-Actual results
Let plug in the formula
Variable overhead cost=$122,400-$101,000
Variable overhead cost=$21,400 favourable
Therefore Variable overhead cost will be $21,400 Favourable
Computation for FIXED OVERHEAD VARIANCE
First step is to calculate the overhead cost applied using this formula
Overhead cost applied=Predetermined overhead rate*Standard DL hour)
Overhead cost applied=$6*(5,100*2)
Overhead cost applied=$6*10,200
Overhead cost applied=$61,200
Now let calculate Fixed overhead cost using this formula
Fixed overhead cost=Predetermined overhead rate*Standard Direct Labor hour)
Let plug in the formula
Fixed overhead cost=$61,200-&68,000
Fixed overhead cost=$6,800 Unfavorable
Therefore Fixed overhead cost will be $6,800 Unfavorable
Hunter is going to receive $3,000 in one year and he wants to know its equivalent value today. The process of determining the answer is called:_______
a. discounting
b. compounding
c. pricing
d. rating
Answer:
a. discounting
Explanation:
We arrive at the Present Value from Future Value through the discounting process using the the appropriate discount rate. Likewise we arrive to the Future Value by compounding the Present Value using the appropriate discount rate.
There is no such thing as too many clients.
O True
O False
Answer:
False
Explanation:
Answer above me is incorrect. I took the quiz.
A balance sheet is a financial statement that shows _____ on a specific date. assets liabilities and owner's equity assets, liabilities, and owner's equity none of the above
Answer: the second to last option, owner's equity
Explanation:
i took the business class earlier this semester on edge :)
Answer:
Owners Equity
Explanation:
2021 EDGE :D
If expectations of inflation are formed rationally, the sacrifice ratio for an unexpected change in the money supply _____. Group of answer choices is the same as for an expected change in the money supply is bigger than the sacrifice ratio for an expected change in the money supply is smaller than the sacrifice ratio for an expected change in the money supply would also be unexpected
Answer:
b. is bigger than the sacrifice ratio for an expected change in the money supply
Explanation:
If expectations of inflation are formed rationally, the sacrifice ratio for an unexpected change in the money supply is bigger than the sacrifice ratio for an expected change in the money supply.
The sacrifice ratio is an economic ratio which aims to measures the effect of rise and fall of inflation on the country's total production and output. When prices fall, companies are less incentivized to produce goods and may cut back on production. If people do form their expectations rationally, then the inflation inertia will be less intense than it appeared initially. But, if unexpected change happens (i.e. like an unexpected change in the money supply), then inflation inertia will be more intense. Therefore, the change in sacrifice ratio would be bigger.
A company makes $1 million in after-tax profits for the year. It spends the entire amount on new equipment. Which of the following is true?
a. Its leverage ratio at the end of the year is higher than it was one year before
b. Its retained earnings for the year equal zero.
c. Its book value at the end of the year is $1 million greater than that of one year before.
d. Its book value at the end of the year is the same as that of one year before.
Answer:
c. Its book value at the end of the year is $1 million greater than that of one year before.
Explanation:
When the entire retained earnings of $1 million are spent on buying the equipment, then company's assets will rise by $1 million and similarly, its equity will also rise by $1 million. So, Company' s book value at the end of the year will be $1 million greater than that of one year before.
Select the statement that correctly explains the relationship between interest rates and present or future value.
a. Assuming other variables stay the same, if the interest rate increases, the present value of an investment decreases.
b. The interest rate and the present value of an investment are directly related.
c. Assuming other variables stay the same, if the interest rate increases, the future value of an investment decreases.
d. Assuming other variables stay the same, if the interest rate decreases, the present value of an investment decreases.
Answer:
a. Assuming other variables stay the same, if the interest rate increases, the present value of an investment decreases.
Explanation:
As the Interest rate increases, the Future Cash Flows have to be discounted back by large amounts of interest this gives a smaller Present Value.
Therefore,
The correct relationship is a. Assuming other variables stay the same, if the interest rate increases, the present value of an investment decreases.
Aisha wants to buy a house. The seller has asked for $500,000 and seems eager to sell. The house has been on the market for some time. Which of these opening offers do you think will lead to the lowest selling price
Could you tell me the answer choices, please? I can't help without them
Why do most analysts assume that payroll taxes in the United States are borne by workers rather than by employers?
Answer:
Most analysts assume that payroll taxes in the United States are borne by workers rather than by employers as a result of the determining conditions/ factors.
Such factors include the relative elasticities. The one who is least able to find a substitute or the least flexibility will be the one to bear the burden of a tax.
This is why the party bearing the burden of the tax isn’t fixed.
Dorsett Corporation's income tax return for Year 8 shows deductions exceeding gross income by $56,800. Included in the tax return are the following items: Net operating loss deduction (carryover from Year 7) $15,000 Dividends received deduction 6,800 What is Dorsett's net operating loss for Year 8
Answer:
Dorsett's net operating loss for Year 8 is $41,800.
Explanation:
From the question, we have:
Amount by which deductions exceeding gross income = $56,800
Net operating loss deduction (carryover from Year 7) = $15,000
Dividends received deduction = $6,800
In order to calculate Dorsett's net operating loss for Year 8, the dividends received deduction of $6,800 has to be fully allowed but the net operating loss deduction (carryover from Year 7) of $15,000 wouldn't be not allowed.
Therefore, we have:
Dorsett's net operating loss for Year 8 = Amount by which deductions exceeding gross income - Net operating loss deduction (carryover from Year 7) = $56,800 - $15,000 = $41,800
anti trush policy meaning
Answer:
Antitrust laws are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. Antitrust laws are applied to a wide range of questionable business activities, including market allocation, bid rigging, price fixing, and monopolies.
A single-stock futures contract on a non-dividend-paying stock with current price $250 has a maturity of 1 year. If the T-bill rate is 4%, what should the futures price be
Answer: $260
Explanation:
From the question, we are informed that a single-stock futures contract on a non-dividend-paying stock with current price $250 has a maturity of 1 year and that the T-bill rate is 4%.
The futures price would be:
= Current price (1 + 4%)^1
= $250 (1 + 0.04)
= $250 × 1.04
= $260
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
Swifty Inc. and Blossom Co. have an exchange with no commercial substance. The asset given up by Swifty Inc. has a book value of $57000 and a fair value of $92000. The asset given up by Blossom Co. has a book value of $122000 and a fair value of $107000. Boot of $27000 is received by Blossom Co. What amount should Swifty Inc. record for the asset received
Answer:
$84,000
Explanation:
Calculation for What amount should Swifty Inc. record for the asset received
Using this formula
Assets received=Book value+ Boot received
Let plug in the formula
Assets received= $57,000+ $27,000
Assets received=$84,000
Therefore the amount that Swifty Inc. should record for the asset received is $84,000
For Year 2 Daisy Corporation reported net income of $60; net sales $800; and average shares outstanding 6. There were no preferred stock dividends. What were the Year 2 earnings per share for Daisy
Answer:
$10
Explanation:
Daisy corporation reported a net income of $60
Net sales of $800
Average shares outstanding of 6
Therefore the earnings per share of Daisy corpora tion on year 2 can be calculated as follows.
= net income/Average shares outstanding
= $60/6
= $10
You are reviewing your client's bank feed. She has several expense transactions
for the local gas station that are correctly categorized.
Go to the For Review tab in the Banking Center
Select the multiple gas transactions_____________________________
What step completes the process for adding all of these transactions to the bankfeed at the same time?
A. Add
B. Accept
C. Exclude
D. Update
Answer:
The step that completes the process for adding all of these transactions to the bank feed at the same time is:
D. Update.
Explanation:
Applying the 'update' option will ensure that all transactions are processed immediately without issuing separate instructions. 'Update' brings the records to the latest correct version, which also takes into account all considerations and events. It can add or subtract gas transaction data, taking in the latest and all available transactions.
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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Please help ASAP
Is an interior design company a industry business or service businesses?
Answer:
Both
Explanation:
Interior design business combines both elements of service and product business. A majority of businesses in the interior design sector will offer their clients consulting services and also sell furniture and other products required to achieve the intended look. Almost all the store that sells decor and other interior designs product will offer consultation services on interior design.
The interior design business is more of a practice than a theory sector. Customers want to see, feel, and experience the final product before they can commit. Most start-ups will begin by providing consulting services only. As they grow, they set up a showroom where they exhibit and sell interior design products.
Why do you think consumers are given rights by law? Have you ever been in a situation and used these consumer rights, or know someone who has? For example, have you ever bought a product that was defective?
Why do you think consumers are given rights by law? ? I think consumers are given rights by law because it helps minimize things. Also, gives rules and regulations, that are reasonable and reliable. Have you ever been in a situation and used these consumer rights, or know someone who has? Yes, I know someone who has and has been in that situation. For example, have you ever bought a product that was defective? Yes, I've bought a product that was defective, I actually do that a lot, so often.
Zhang Company reported Cost of goods sold of $835,000 and ending Inventory of $41,750. The Days' sales in inventory (rounded to whole days) is:_______
a. 7 days.
b. 418 days.
c. 56 days.
d. 18 days.
e. 20 days.
Answer:
d. 18 days.
Explanation:
The Days' sales in inventory measures the number of days taken to sell inventory in a period.
The Days' sales in inventory formula is provided below:
Days Sales of Inventory = (Ending Inventory / Cost of Goods Sold) x 365
Ending inventory=$41,750
cost of goods sold =$835,000
Days Sales of inventory=($41,750/$835,000)*365
Days Sales of inventory=18.25 (18 when rounded to whole day)
Marshall suffered economic loss due to a qualified disaster. He took a distribution from his 401(k) and received the funds on January 5, 2020. Which statement is TRUE?
a) Marshall may not deposit any portion of the funds to his IRA, because hardship distributions are not eligible for rollover
b) Marshall will pay a 10% early distribution penalty on any portion of the funds that are subject to tax
c) The distribution will be taxed over a three-year period, unless Marshall chooses to include the full amount on his 2020
d) Marshall may recontribute any portion of the distribution into the original 401(k) before January 5, 2024 return
e) Mark for follow up
Answer:
The true statement is:
b) Marshall will pay a 10% early distribution penalty on any portion of the funds that are subject to tax.
Explanation:
Early withdrawal from the IRA funds is not allowed. When it is allowed because of the economic loss Marshall suffered due to a qualified disaster, the 401(k) will be allowed a hardship withdrawal, which is a taxable event. He will also incur a mandatory withholding tax on the withdrawn amount that may be up to 20%, depending on his adjusted gross income for the year. Assuming that Marshall is under 55 years, he would incur 10% penalty.
Ethos is the Greek word for
O profit
O logic
O character
O authority
Answer:
The correct answer is character
Imagine that you work for the city of Fresno, California during the summer, and you are a union employee, just like the other 2000 employees of Fresno. As a union member you are:__________
a. the agent of your union
b. the principal of your union
c. the independent contractor of the union
d. the employee for your union
e. none of the above
Answer: b. the principal of your union
Explanation:
Union members are principals of the Union because in joining a union, they are giving the union the power to represent them in matters of labor with management.
This Power of Agency which is given to the Union therefore makes the Union the agent and the member , the Principal. The principal (member) will pay fees (union dues) to the agent for this representation as well.
You estimate that by the time you retire in 35 years, you will have accumulated savings of $2.9 million. a. If the interest rate is 8.0% and you live 15 years after retirement, what annual level of expenditure will those savings support
Answer:
$338,805.68
Explanation:
The computation of the amount of annual level of expenditure is shown below
Here we use the PMT formula
Given that
NPER = 15
RATE = 8%
FV = $0
PV = $2,900,000
The formula is shown below:
= PMT(RATE, NPER,-PV,FV,TYPE)
The present value comes in negative
After applying the above formula, the amount of annual level of expenditure is $338,805.68
if the government wants to maintain the same growth trajectory what should they do?
Answer: Government should employ a neutral policy
Explanation:
It should be noted that applying a monetary policy is typically used to raise or lower the money supply in an economy and this will in turn affect the economic growth of such economy.
Also, using a contractionary or expensionary policy also either raises or lowers economic growth depending on what yeh government wants to achieve. Therefore, in order to maintain the same growth trajectory, the government should use a neutral policy.
A positive result that stems from the use of return on investment (ROI) is that it encourages managers to focus on the efficient use of resources in generating income. operating asset efficiency. cost efficiency. the relationship among sales, expenses, and investment. All of these.
Answer:
All of these.
Explanation:
The formula to compute the return on investment is as follows:
Return on investment = Net operating income ÷ Average operating assets
Here the return on investment means it calculates the manager performance that motivates them to rise the net operating income via cost efficiency also at the same time the average operating assets could be maintained at the normal level so that the operational efficiency could be accomplished
Therefore the last option is correct
Which of the following reflects the order of operations when the Fed buys bonds on the open market?a. Money supply increases, interest rates decrease, investment spending increases, AS shifts right.b. Money supply decreases, interest rates increase, investment spending decreases, AD shifts left.c. Money supply increases, interest rates increase, investment spending increases, AD shifts right.d. Money supply decreases, interest rates increase, investment spending decreases, AS shifts left.e. Money supply increases, interest rates decrease, investment spending increases, AD shifts right.
Answer:
Reflection of order of operations when the Fed buys bonds on the open market:
a. Money supply increases, interest rates decrease, investment spending increases, AS shifts right.
Explanation:
When the Federal Reserve buys bonds on the open market, the action increases the money supply in the banks. This allows banks to increase loans, and investors will increase investments. It also increases the price of government securities and effectively reduces their interest rates, thereby decreasing the overall interest rates while promoting investments.