Suppose Dmitri is the only seller in the market for bottled water and Antonio is the only buyer. The following lists show the value Antonio places on a bottle of water and the cost Dmitri incurs to produce each bottle of water:
Antonio's Value
Value of first bottle: $9
Value of second bottle: $7
Value of third bottle: $4
Value of fourth bottle: $1
Dmitri's Costs
Cost of first bottle: $1
Cost of second bottle: $4
Cost of third bottle: $7
Cost of fourth bottle: $9
The following table shows their respective supply and demand schedules:
Price
Quantity Demanded
Quantity Supplied
$1 or less 4 0
$1 to $4 3 1
$4 to $7 2 2
$7 to $9 1 3
More than $9 0 4
Use Dmitri's supply schedule and Antonio's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $5, and $8. Enter these values in the following table.
Price
Quantity Demanded
Quantity Supplied
2 5 8 A price of brings supply and demand into equilibrium.
At the equilibrium price, consumer surplus is
, producer surplus is
, and total surplus is
.
If Dmitri produced and Antonio consumed one less bottle of water, total surplus would .
If instead, Dmitri produced and Antonio consumed one additional bottle of water, total surplus would .
Answers
Dmitri's supply schedule and Antonio's demand schedule, we can find the quantity supplied and quantity demanded at prices of $2, $5, and $8 as follows:
At a price of $2, the quantity demanded is 4 bottles and the quantity supplied is 0 bottles, which means there is a shortage of 4 bottles.
At a price of $5, the quantity demanded is 2 bottles and the quantity supplied is 2 bottles, which means the market is in equilibrium.
At a price of $8, the quantity demanded is 0 bottles and the quantity supplied is 3 bottles, which means there is a surplus of 3 bottles.
The table with the results is as follows:
Price Quantity Demanded Quantity Supplied
$2 4 0
$5 2 2
$8 0 3
Note that the equilibrium price is $5 and the equilibrium quantity is 2 bottles.
At the equilibrium price of $5, the consumer surplus is $9 + $7 = $16, the producer surplus is $5 - $4 = $1, and the total surplus is $16 + $1 = $17.
If Dmitri produced and Antonio consumed one less bottle of water, the total surplus would decrease by the difference between Antonio's value and Dmitri's cost for that bottle. In this case, the difference is $9 - $1 = $8. So the total surplus would decrease by $8.
If instead, Dmitri produced and Antonio consumed one additional bottle of water, the total surplus would increase by the difference between Antonio's value and Dmitri's cost for that bottle. In this case, the difference is $1 - $4 = -$3. So the total surplus would decrease by $3.
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Related Questions
10. Amy is excited because she just opened her own consulting firm. Amy loves being her own
boss and not having to consult with anyone else before she makes decisions. Eventually, she
even hopes to incorporate and enjoy some additional tax advantages. The only downside is
that she has invested all the money herself. If the business fails, she could go bankrupt. What
kind of business does Amy own?
A) Sole proprietorship
B Partnership
c) Cooperative
D) Corporation
Answers
A sole proprietorship is the kind of business does Amy own. Thus, option 'A' is the correct option.
What is a sole proprietorship?A sole proprietorship is a form of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a lone tradership, individual entrepreneurship, or proprietorship. A solo proprietor may hire staff members and does not always operate alone.
The sole proprietor is solely responsible for all losses and obligations and receives all gains (subject to business-specific taxes). The owner of the firm is the owner of all of the company's assets and is also responsible for all of the company's obligations. In contrast to a partnership, which has at least two owners, it is a "single" proprietorship.
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5.
An efficient economy is one that
Ouses its resources to make the most goods and services.
Ohas very few people who do not work for a living.
Omake it possible to increase an economy's output.
Omakes the best use of all its goods and services.
I
Answers
Michael’s personal property in his college dorm room is insured by an endorsement on his parents’ homeowners insurance. The deductible is $2,000. A flood destroys Michael’s textbooks, which cost $570.93 tablet computer, which cost $868.91 backpack, which cost $141.37 and clothing, valued at $500. How much of the loss will the insurance policy not cover?
Answers
Answer:
81.21.
Explanation:
all you would need to do is add up all the values then subtract 2000.
please rate and mark as brainlest.
As a recent college graduate, Jonah started working for an export trading company. His job has already taken him around the globe, including Asia on several occasions. He was amazed to see the difference in working conditions in the developing nations he visited, as opposed to similar operations in the United States. The expectations of workers were not the same. Jonah's experience is an example o
Answers
Answer: social responsibility differences between similar firms, but in different countries.
Explanation:
From the information given, we can deduce that Jonah's experience is an example of social responsibility differences between similar firms, but in different countries.
The difference in working conditions in the developing nations he visited, is due to the social responsibility as this has resulted in a positive impact on the society as whole.
What are the different methods of withdrawing cash from the bank?
Answers
Most banks feature ATMs where you can use your debit card to withdraw money from your account. The ATMs at your bank are free to use, however those at other banks may require a fee.
What are the other different methods of withdrawing cash?There are several ways you can withdraw cash from a bank:
Over-the-counter withdrawal: You can ask a teller at a bank branch to take money out of your account.
App for mobile banking: Many banks have apps for mobile banking, which let you use your smartphone to withdraw money from your account. For the transaction to be successful, you might need to utilise a particular ATM.
Check: You are able to write yourself a check that you can cash at a bank or a check-cashing facility.
Cash withdrawals are possible using some banks' online banking systems. For the transaction to be successful, you might need to utilise a particular ATM.
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what kind of employees can fill the three levels of management
Answers
Answer:
hierarchy: Any group of objects ranked so that every one but the topmost is subordinate to a specified one above it.
manager: A person whose job is to manage something, such as a business, a restaurant, or a sports team.
board of directors: A group of people, elected by stockholders, to establish corporate policies, and make management decisions.
top management: company employees responsible for controlling and overseeing the entire organization
middle management: company employees that are accountable for controlling and overseeing a department
Explanation:
Most organizations have three management levels:
Low-level managers;
Middle-level managers; and
Top-level managers.
These managers are classified in a hierarchy of authority, and perform different tasks. In many organizations, the number of managers in every level resembles a pyramid.
Top-level managers
The board of directors, president, vice-president, and CEO are all examples of top-level managers.
These managers are responsible for controlling and overseeing the entire organization. They develop goals, strategic plans, company policies, and make decisions on the direction of the business.
In addition, top-level managers play a significant role in the mobilization of outside resources.
Top-level managers are accountable to the shareholders and general public.
Middle-level managers
General managers, branch managers, and department managers are all examples of middle-level managers. They are accountable to the top management for their department’s function.
Middle-level managers devote more time to organizational and directional functions than top-level managers. Their roles can be emphasized as:
Low-level managers
Supervisors, section leads, and foremen are examples of low-level management titles. These managers focus on controlling and directing.
Low-level managers usually have the responsibility of:
Mike relocated for work and learned that the region in which he planned to buy a home had many old underground mines. In fact, Mike might even need to purchase mine subsidence insurance. What might a home inspector flag for Mike if there are any concerns about undermining
Answers
The issue that a home inspector will flag for Mike, given the concerns about a undermining, is the formation of a sinkhole on the property
The reason for the presence of a sinkhole on the property being raised by the home inspector is as follows;
The location Mike intended to buy a home is one with several underground mines, such that Mike could need mine subsidence insurance
A home inspection is an aid that helps a person intending to but a house make more informed decisions about the home under consideration
The function of an home inspector includes the identification of the issues that could possibly arise and the maintenance to be expected on the property, and therefore, the risks and opportunity in the purchase
Among the potential risk that will raised by a home inspector on the property with underground mines include the possibility of a sinkhole on the property
A sinkhole is a surface depression that results due to dissolution of near surface rocks by water draining into cavities under the soil surface, thereby eroding the rock such limestone, underneath, that develops in a manner which is not readily obvious or predictable
Sinkhole are not covered by most homeowner's insurance policy, making the property a money pit
Therefore, the home inspector might flag the likelihood of a sinkhole on the property
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the document that legally establishes domicile for a corporation is called the: question 8 options: indenture contract. partnership agreement. amended homestead filing. bylaws. articles of incorporation.
Answers
The document that legally establishes domicile for a corporation is called the articles of incorporation.
What is articles of incorporation?Articles of incorporation, sometimes known as "the articles," are the paperwork submitted to a state to establish a corporation. Most jurisdictions merely request the most basic information regarding the corporation, but certain states have more stringent requirements. An in-state registered agent is required by all states.
The firm's name, address, agent for service of process, the number and kind of shares to be issued, and other essential details are typically included in the articles of incorporation. The corporation is created legally through the articles of incorporation.
The fundamental components for a company's legal existence are laid out in the articles of incorporation. The articles of incorporation specify the company's objectives, the selection procedure for its directors, how its financial records will be managed, and the procedure for board-level decision-making.
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Depending on your age and the state you live in, you may have to obtain a work permit before you can legally work.
Please select the best answer from the choices provided
T
F
Answers
Answer: True ;)
Explanation:
Answer:
t
Explanation:
edge 2023
Support Material
Business functions
Activity 1:
Study the following scenarios and answer the questions that flow:
1.1 The sales department is constantly running out of stock because stocks are not ordered on time. The admin clerk is new and files the documents in the wrong place. The purchasing department was not even aware that they should order more stock.
1.1.1 Which department created the problem?
1.1.2 What will the consequences be if the sales department constantly runs out of stock?
1.1.3 How can the problem be solved?
1.2 The creditors are not paid on time and added interest to the account of the business.
1.2.1 Which department created the problem?
1.2.2 What will be the consequences if this continues to happen?
1.3 The workers are always complaining of the third grade stock they have to sell to customers.
1.3.1 Which department created the problem?
1.3.2 How can the problem be solved?
1.4 Clients are constantly surprised on the new items they get on the shelves and some of which they have not seen before?
1.4.1 Which department created the problem?
1.4.2 How can this problem be prevented in future?
Answers
In the scenario given, the department that was said to have created the problem is the admin department because the document to show that there was low stocks was filled in the wrong place and as such, the purchasing department was not made aware.
1.1. What will the consequences be if the sales department constantly runs out of stock?The consequences are:
They will have issues with customers demanding product and unfulfilled orders.Complains and lastly they will lose customers.How can the problem be solved?There should be a computerized system on all product and their quantities should be included such that when the product is getting low on stock, the system will alert the admin and appropriate steps to new buy product will be taken
1.2. Which department created the problem?Since the creditors were not paid on time, the department that created the problem is also the admin department
What will be the consequences if this continues to happen?They we be close done.They will not have anyone who will sell products to them.1.3.Which department created the problem?The purchasing department created this problem.
How can the problem be solved?The purchasing department need to buy quality Stocks. They can hire a professional who knows the quality so that he or she can help with the purchase.
1.4.
Which department created the problem?The sales department created this problem
How can this problem be prevented in future? The sales department need to use a method that will not surprise the people such that they can be create an ad or place the new product one at a time not all new product at the same time.
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Siltronic produces silica from sand and gravel at four different mines; however, the sand and gravel extracted at each mine are different in their silica content. Mine 1 produces golden sand and gravel , which has a 70% silica content; mine 2 produces white ore, which has a 60% silica content; mine 3 produces gray ore, which has a 50% silica content; and mine 4 produces brown ore, which has only a 30% silica content. Siltronic has three customers that produce computer chips—Intel, AMD, and Apple. Intel needs 400 tons of pure (100%) silica, AMD requires 250 tons of pure silica, and Apple requires 290 tons. It costs $37 to extract and process 1 ton of golden sand and gravel at mine 1, $46 to produce 1 ton of white sand and gravel at mine 2, $50 per ton of gray sand and gravel at mine 3, and $42 per ton of brown sand and gravel at mine 4. Siltronic can extract 350 tons of sand and gravel at mine 1, 530 tons at mine 2, 610 tons at mine 3, and 490 tons at mine 4. The company wants to know how much sand and gravel to produce at each mine in order to minimize cost and meet its customers’ demand for pure (100%) silica. Formulate a linear programming model for this problem. (Hint: The decision variables will have two indices, such as x11, x12, etc. and there will be some equality constraints.)
a) Solve the linear programming model by using the computer.
b) Do any of the mines have slack capacity? If yes, which one(s)?
c) If Siltronic could increase production capacity at any one of its mines, which should it be? Why?
d) If Siltronic decided to increase capacity at the mine identified in (b), how much could it increase capacity before the optimal solution point (i.e., the optimal set of variables) would change?
e) If Siltronic determined that it could increase production capacity at mine 1 from 350 tons to 500 tons, at an increase in production costs to $43 per ton, should it do so?
Answers
A higher shadow price indicates a higher potential reduction in the total cost if the production capacity is increased.
a) To formulate the linear programming model, let's define the decision variables and constraints:
Decision Variables:
Let xij represent the tons of sand and gravel produced at mine i, where i = 1, 2, 3, 4, and j represents the type of ore.
Objective Function:
Minimize the total cost:
Minimize Z = 37x11 + 46x12 + 50x13 + 42x14 + 46x21 + 46x22 + 50x23 + 42x24 + 50x31 + 50x32 + 50x33 + 42x34
Subject to:
- The silica content constraint for each customer:
x11 + x12 + x13 + x14 = 400 (Intel)
x21 + x22 + x23 + x24 = 250 (AMD)
x31 + x32 + x33 + x34 = 290 (Apple)
- The sand and gravel availability constraint for each mine:
x11 + x21 + x31 ≤ 350 (Mine 1)
x12 + x22 + x32 ≤ 530 (Mine 2)
x13 + x23 + x33 ≤ 610 (Mine 3)
x14 + x24 + x34 ≤ 490 (Mine 4)
- Non-negativity constraint:
xij ≥ 0 for all i and j
b) To determine if any mines have slack capacity, we need to compare the production capacity (tons available) with the production used in the optimal solution.
The optimal solution will provide values for xij. By comparing the values of xij with the production capacity constraints, we can identify any slack capacity.
c) To determine which mine to increase production capacity, we need to evaluate the shadow prices (dual values) associated with the production capacity constraints. The mine with the highest positive shadow price indicates the potential benefit of increasing its capacity. A higher shadow price indicates a higher potential reduction in the total cost if the production capacity is increased.
d) To determine how much capacity can be increased before the optimal solution changes, you can perform sensitivity analysis or shadow price analysis. By gradually increasing the production capacity for the identified mine and observing the change in the shadow prices, you can determine the threshold at which the optimal solution changes.
e) To evaluate if increasing production capacity at mine 1 from 350 tons to 500 tons at a cost of $43 per ton is beneficial, you can modify the linear programming model with the new capacity and cost values. Then, solve the modified model and compare the total cost with the previous optimal solution. If the total cost decreases or remains the same, it would be beneficial to increase production capacity at mine 1.
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Verb Phrases Worksheet #3
Change the verb phrase to a strong, descriptive verb phrase for a resume
Answered customer questions
Helped a customer sign up for a loyalty program
Worked a cash register
Listened to customer orders and got them what they wanted
Sell tickets
Put items on shelves
Found expired items and took them out
Cooked cookies
Cooked nachos
Was in a group with other students
Told students what do when baking stuff
Took care of the cat
Took care of the baby
Watched my five year old niece and let her play and eat stuff
Cleaned the house (dusting, cleaning the table and the windows, dishes)
Did the Trash and Recycling and stuff outside
Helped my dad with the oil in our car
Used a computer to type stuff
Write your changed phrase here! Remember for 9-14 there are multiple answers!
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________ _________________
____________________ _________________ __________________
____________________ _________________ __________________
____________________ __________________ _________________
____________________ __________________ __________________ _____________
____________________ ___________________
_____________________ ___________________
Answers
The changed verb phrases are as follows- signing up, working on, listening to, selling, putting, taking ,cooking, cooked, while baking, taking care, watching, have cleaned, do the Trash and Recycling and stuff outside, helping , using.
What are verb phrases?
A verb phrase is a syntactic unit in linguistics that consists of a verb and its arguments, excluding the subject of an independent clause or coordinate clause.
Verb phrases are classified into two types: finite, in which the head is a finite verb, and nonfinite, in which the head is a nonfinite verb, such as an infinitive, participle, or gerund.
Therefore, the changed verb phrases are mentioned above.
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Which multimedia and interactive elements do you think would best support your viewpoint on the topic you chose for your blog? Write two to four sentences explaining what multimedia and interactivity you will use and why.
Answers
Answer:
I will use images and details from credible websites, which will boost my own credibility and support my claim. I will also use charts and graphs from trusted web resources, such as government and university sites, to make my supporting evidence clear
Explanation:
I took the test
Brainiest???
The Use of videos, audios, and images in the blog will not only make it attractive but also make it credible.
Best Way to Write BlogTo write a credible and attractive blog we need to use multimedia such as videos, images, link of credible websites. We can also use other elements which can autocorrect grammer mistakes, can easily provide best charts and graphs.
The use of these elements can give a better outlook to our blog, and also create a sense of trust and credible information.
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a downward-sloping demand curve implies: buyers are willing to buy less when prices are lower. there is no relationship between price and quantity demanded. there is an inverse relationship between price and quantity demanded. there is a positive relationship between price and quantity demanded.
Answers
The slope of the demand curve (lower right) shows that higher quantities are demanded at lower prices. On the other hand, the slope of the supply curve (top right) indicates that producers are willing to produce more goods when prices rise.
A demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded over a period of time. In normal view, the price is displayed in the left corner.
As mentioned above, the general shape of the demand curve is that it is sloping. The demand curve for most, if not all, commodities follows this principle. There are rare examples of commodities with upward demand curves. Goods with a sloped demand curve are called Giffen goods.
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What impact will higher wages have on the labor force participation of women? 
Answers
Young black women with college degrees had the highest lifetime incomes but lower labor force participation rates.
In comparison to men, women have fewer opportunities to make money globally. Women are less likely to actively search for work or do paid labor. Compared to 80% of men, only slightly more than 50% of women in the world work. People's labor force involvement varies depending on demographic parameters such sex, birth year, education, marital status, and the presence of young children at home. Low female labor force participation in India is a complex socioeconomic phenomenon caused by factors like rural-urban migration, patriarchal attitudes, and an imbalance in supply and demand. Wages Increase for Men and Women When More Women Work. based on data from 250 U.S. cities over 30 years. The greatest major economic shift during the previous century was probably the rise of women in the paid employment.
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What is the best definition of quality in project management Mcq?
Answers
A good that fulfills all the demands of the customers who pay for it. Quality is the degree of conformance of a process' outputs to requirements or the process' suitability for purpose. Inspection, measurement, and testing are used in quality control to ensure that project outputs fulfill the acceptance standards set forth in quality planning.
Why is quality important in project management?
Processes for quality management help to set standards, define the actions needed to meet and validate those requirements, and limit project costs. Effective quality control in a project reduces the possibility of a failed product or disgruntled, dissatisfied customers.
What are the main characteristics of project quality management?
Qualities that must be upheld in project management. The stakeholders in a project define the qualities of the product. Performance, functionality, suitability, reliability, consistency, and more are some of the most prevalent quality traits.
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100 POINTS! AND BRAINLIEST$$$... JUST FILL OUT THIS CHART FOR ACCOUNTING 1.
Answers
Answer:
u can do it.. it's bit complicated.. sorry
one of the wisest things a manager can do about the grapevine is ____________.
Answers
One of the wisest things a manager can do about the grapevine is to monitor and manage it effectively.
The grapevine refers to the informal communication channels that exist within an organization, and it can have a significant impact on employee morale, productivity, and engagement.
While managers cannot control the grapevine, they can take steps to mitigate its negative effects and harness its positive aspects.
This may involve being transparent and open with employees, providing accurate and timely information, addressing rumors and misinformation quickly and effectively, and encouraging a positive and productive workplace culture.
By actively managing the grapevine, managers can build trust and credibility with their employees, improve communication and collaboration, and create a more positive and productive work environment.
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What is allowable self-employment plan contributions.
Answers
It is a good idea to get and use an many credit cards as possible to build credit history. True False
Answers
In a period of falling interest rates, a bond dealer would engage in all of the following activities EXCEPT:
A. raise prices in interdealer quote publications such as Bloomberg for municipal bonds
B. place "request for bids" in services such as Bloomberg on appreciated positions where the dealer has no current interest
C. bid for bonds to cover previously established short positions
D. buy put options on debt instruments to hedge existing short positions
Answers
A) In a period of falling interest rates, a bond dealer would engage in all of the following activities EXCEPT: raising prices in interdealer quote publications such as Bloomberg for municipal bonds.
When interest rates are falling, bond prices tend to rise. Therefore, a bond dealer would not typically raise prices in interdealer quote publications for municipal bonds in this scenario. Instead, the bond dealer would engage in other activities to align with the falling interest rates and potential market conditions.
Option B refers to placing a "request for bids" on appreciated positions, which can be a strategy to potentially sell bonds at higher prices. Option C involves bidding for bonds to cover previously established short positions, which can help mitigate losses or close out short positions. Option D mentions buying put options on debt instruments to hedge existing short positions, which is a risk management technique. These activities align with market dynamics and risk management strategies that bond dealers may employ during a period of falling interest rates.
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You have a loan for $200,000 at 8.5% annual simple interest. What is your monthly interest payment?
a.1,239
b.1,311
c.1,417
d.1,508
Answers
Answer: 1417
Explanation:
The information can be gotten from the question:
Principal = $200000
Rate = 8.5% = 0.085
Simple interest = PRT
= 200000 × (0.085/12) × 1
= 200000 × 0.0070833
= 1416.6667
= 1416.7
Why might people choose to rent a home rather than buy a home?
a. They have a lot of money saved for a down payment. b. The property maintenance is the owner's responsibility. c. The interest rates on equity are too high. d. They have a long-term commitment to the area.
Answers
Answer: A
Explanation: People usually chose to buy houses instead of renting house because of saving reasons
Answer:
b. The property maintenance is the owner's responsibility.
Explanation:
its actually this one. i took an L for the gang. youre welcome
matics A
Select the correct answer from each drop-down menu.
The function f(x) = 500(1+2015)4 models the balance in a savings account.
The savings account had an initial balance of
and compounds
Reset
Next
at an interest rate of
Answers
Answer:
50%
Explanation: i worked out the problem and got that answer
Which of the following represents the economic conditions in the general environment?
A. Patents
B. Infrastructure
C. Internet access
D. Unemployment rate
E. Norms
Answers
The correct options that represent economic conditions in the general environment are: B. Infrastructure: The state of infrastructure, such as transportation networks, communication systems, and utilities, can significantly impact economic activities and development.
Internet access: Internet access is an important factor in today's digital economy. It enables connectivity, online commerce, and access to information, all of which have economic implications. D. Unemployment rate: The unemployment rate is a key economic indicator that reflects the proportion of the labor force that is without a job and actively seeking employment. It provides insights into the health of the job market and overall economic conditions. Note: While patents and norms can have economic implications, they are not typically considered as direct measures of economic conditions in the general environment Infrastructure plays a crucial role in the functioning and development of economies. It encompasses the physical structures, facilities, and systems necessary for economic activities and societal well-being. Transportation networks, including roads, railways, airports, and ports, facilitate the movement of goods, services, and people. Communication infrastructure, such as telecommunication networks and internet connectivity, enables efficient information exchange and business transactions. Energy infrastructure, including power generation and distribution networks, fuels economic activities. Water supply, sanitation systems, and healthcare infrastructure contribute to public health and productivity. Strong and well-maintained infrastructure enhances productivity, attracts investments, facilitates trade, and improves the quality of life for individuals and communities. It is an essential foundation for economic growth, competitiveness, and sustainable development.
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Added value can be increased by ________ selling price.
Answers
Answer:
increasing
Explanation:
1. From each paycheck of your afterschool job, you're able to save $45 toward the coat. You get paid twice a
month. How many months will it take you to save enough money to buy your North Face jacket?Using this strategy, how will inflation impact your ability to buy the jacket?
Answers
Answer:
1. 4 months.
2. Makes jacket more expensive
Explanation:
You get paid twice a month which means that you can save:
= 45 * 2
= $90 per month
The jacket is $350 so it will take:
= 350/90
= 3.88
= 4 months to afford it.
4 * 90 = $360
Assuming there is inflation in those 4 months, it will make the price of the jacket rise and if the inflation rate is such that the price rises past $360, you will be unable to afford the jacket at that point in time and will have to wait to be paid again.
Side effects of anabolic steroid use in males include which of the following? A. Timidity. B. Shrinkage of sex organs. C. Greatly increased hair growth. D. Increased body fat.
Answers
Answer:
It’s B 100%
Explanation:
Answer: b
Explanation:
You open a new bank account at Eastside Savings. You see FDIC stickers around the bank, and the teller specifically mentions that Eastside
Savings is "FDIC Insured". A few months later, you hear on the radio that Eastside Savings is struggling to stay in business. Your savings balance
Is $500. What would happen to that money if Eastside Savings failed?
A.You could lose $250 since FDIC Insurance only covers 50% of the money you have deposited.
B.You would lose all of your money.
C.You would receive $250,000 since FDIC Insurance provides each account at the bank with $250,000 regardless of how much they
have deposited
D.You would receive all the money you have deposited at Eastside Savings since FDIC insurance covers accounts up to $250,000.
Answers
Answer:
The correct option is D. You would receive all the money you have deposited at Eastside Savings since FDIC insurance covers accounts up to $250,000.
Explanation:
Based on the information given what would happen to that money in a situation where Eastside Savings failed is that such individual would receive all the money he/she have deposited at Eastside Savings reason been that FDIC which is fully known as FEDERAL DEPOSIT INSURANCE CORPORATE insurance covers accounts up to the amount of $250,000 and Secondly Eastside Savings is "FDIC Insured".
Scott and Laura are married and file a joint tax return. Laura owns a sole proprietorship (not a "specified services" business) that incurs qualified business income of $300,000. The proprietorship pays W–2 wages of $40,000 and holds property with an unadjusted basis of $10,000. Scott is employed by a local school district. Their taxable income before the QBI deduction is $381,400 (this is also their modified taxable income What is their tentative QBI based on the W-2 Wages/Capital Investment Limit? 20,000 Determine their allowable QBI deduction. 75,000 X
Answers
Solution :
QBI 300000 W-2 wages 40000
Taxable 3814000 QBP 10000
income
W-2 limit
Phase greater of
out MFJ
Start 315000 50% of W-2 20000
Finish 415000 or 25% of W-2 10250
+ 2.5% of QBP
Selected 20000 Being higher As part 1
Taxable income above phase out
\($\frac{381,400-315000}{100000}$\) 66%
Now applying gross deduction and phase out
Gross deduction Being 20% of QBI = 66000
Less : wage limit of QBI - 20000
Phase out % x 66%
Phase out amount 30,360
Final deduction = gross deduction- phase out amount
= 66,000 - 30,360
= 35,640