TRUE / FALSE. Question 6 (2 points) ✓ Saved Whenever a good trades in a competitive market, the price the good trades for determines the value of the good. True False
Answers
The given statement is true i.e. "Whenever a good trades in a competitive market, the price the good trades for determines the value of the good."
A competitive market is defined as a market where no one party is a big enough player to dictate the price of a commodity or service, as is the case with a monopolistic market. A competitive market is characterized by a large number of small businesses and customers who have the freedom to enter and exit the industry as they, please. Perfect competition is a particular case of a competitive market.
A commodity's worth is determined by the price it trades for in a competitive market. In other words, the cost of an item is determined by the market's supply and demand situation. A commodity's value, on the other hand, refers to its usefulness. A commodity's value, unlike its price, is largely determined by its utility to consumers. Therefore, we can say that the statement "Whenever a good trades in a competitive market, the price the good trades for determines the value of the good" is true.
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Related Questions
As a project manager, part of your communication plan is to perform backlog clean-up every month. What additional details should the communication plan include? Select all that apply.
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The additional details that should be included in the communication plan for performing backlog clean-up every month are: Location, Type of communication, Recipients, and Duration.
What additional details should be included in the communication plan?The communication plan for performing backlog clean-up every month should include details such as the Location where the clean-up will take place, the Type of communication that will be used (e.g., in-person meeting, email, video conference), the Recipients who need to be informed or involved in the clean-up process.
The Duration of the clean-up session (e.g., how long it is expected to take). Including these additional details in the communication plan helps ensure that everyone is aware of when and how the backlog clean-up will be conducted, facilitating effective coordination and productivity improvement in the organization.
Full:
As a project manager, part of your communication plan is to perform backlog clean-up every month. What additional details should the communication plan include? Select all that apply. Location Type of communication Recipients Duration
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Identify the importance of accounting by selecting the correct statement a. Accounting information is primarily used only at the end of a year when tax returns and financial statements are prepared. b. Accounting information impacts Internal users only c. Accounting is a system that identifies, records and communicates financial information,
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The best alternative that accurately conveys the significance of accounting is "Accounting is a system that identifies, records, and transmits financial information."
Describe accounting.The ideal definition of accounting is the process of maintaining financial records according to the rules. Accounting serves to portray the company's financial standing and to assess the numbers and data that pertain to them. In practically every commercial organization, its scope has expanded. Modern financial markets are built on the work done by accountants. Without accounting, business executives wouldn't have the transparency they need to manage risks or plan initiatives, and investors wouldn't be able to rely on timely, accurate financial information.
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which of the following regarding family owned buisnesses is true
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One of the following statements regarding family-owned businesses is true: They are a type of private enterprise that is completely owned by a family.
Family-owned companies are businesses in which the majority of the ownership or control is held by a single family or a small group of families.
Family-owned companies frequently have a long-term strategy because they do not have to respond to public shareholders' short-term demands.
Family-owned businesses are not only prevalent, but they also account for a significant proportion of the world's wealth and production.
As compared to non-family-owned companies, family-owned companies tend to outperform.
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Select the correct answer. Ruby enjoys working with other people. She has excellent leadership, interpersonal, and communication skills that she would like to use in her future career. Which career would be the best fit for her based on her skills? A. Claims adjuster B. Training and development specialist C. Salesperson D. Financial analyst E. Billing clerk.
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Based on Ruby's excellent leadership, interpersonal, and communication skills, a career as a training and development specialist would be the best fit for her.
As a training and development specialist, Ruby would have the opportunity to work with individuals and teams to assess their learning needs, design and deliver training programs, and evaluate their effectiveness.
Her strong leadership skills would allow her to guide and motivate learners, while her interpersonal skills would enable her to build positive relationships with employees at all levels. Additionally, her effective communication skills would facilitate the delivery of training materials and the ability to clearly convey information. Overall, Ruby's skills align well with the responsibilities and demands of a training and development specialist role.
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please help due in an hour
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The very first reason I would say is because it doesn’t specify how big of a diamond meaning the value could range from $100 to $100,000,000
The second reason is water is free in a sense you could get five empty bottles you find laying around and then go to a creek and fill them up with water. (You could get so much more for a diamond than a few bottles of water)
The last reason ( that goes along with the first two) is because it’s unique diamonds are hard to come across but water in the other hand is found almost every wear in fact it covers about 71% of earth.
companies sometimes convert receivables to cash before they are due. when a company sells its receivables, the buyer is called a
Answers
Answer:
The buyer is called a factor.
Explanation:
When a company sells its receivables, it is called factoring. The company sells its accounts receivable to a third party, known as a factor, at a discount. The factor then takes over the responsibility of collecting the receivables from the customers. The company receives cash upfront, which it can use to finance its operations. The factor earns a profit by collecting the full amount of the receivables from the customers. Factoring is a common practice in business, especially for companies that need to improve their cash flow or do not want to take on additional debt.
which promotion strategy should be used when both the product and the promotional message must be modified for different markets?
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A showcasing blend incorporates various areas of concentration as a component of an extensive promoting plan.
The term frequently alludes to a typical grouping that started as the four Ps: price, product, placement, and advertising Instead of focusing on a single message, effective marketing covers a wide range of topics.
Which four kinds of marketing are there?
The product, the price, the location, and the promotion are the four Ps of the marketing mix. They are an illustration of a "marketing mix," or the set of tools and techniques that marketers use together to achieve their marketing goals. E. first formally conceptualized the 4 Ps in 1960.
Which one addresses the particular needs of the market in different countries in terms of product price and promotion?
Global marketing is marketing that takes place on a global scale and seeks to reconcile or capitalize on commercial opportunities, similarities, and operational differences worldwide in order to achieve global goals.
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jobs with high ______ allow workers to set their own schedules and decide how to perform the necessary tasks.
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High levels of job autonomy provide employees the freedom to make their own timetables and select how to complete the required tasks.
The finest managers are frequently those who have a strong desire for power and a low need for affiliation. Those who are driven by a desire for power want to dominate and persuade others. The degree to which an individual may choose how to schedule and carry out various activities is referred to as autonomy in the workplace.
The goal-setting theory discusses how creating objectives affects performance in the future. According to Edwin Locke's research, those who established particular, challenging goals schedules outperformed others who set generic, simple goals.
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Pete is trying to get a loan. He has a credit score of 480. How is Pete’s lender likely to view this credit score?
Pete is responsible and will pay the loan back on time.
Pete is responsible but will not pay the loan back on time.
Pete is irresponsible but will pay the loan back on time.
Pete is irresponsible and will not pay the loan back on time.
im mad at brainly so ima mark the best answer brainiest
Answers
Answer:
Pete is irresponsible and will not pay the loan back on time
Explanation:
Credit scores range from 300 to 850. In general, borrowers are categorized according to their credit scores as below
A score between 300- 629... bad
630-689 ... fair
680-719 ...good
720- 850... excellent
Pete has a bad credit score as per the above classification. He surely has a bad history when it comes to repaying loans. Lenders will consider him a high-risk borrower likely to default on his loan repayment.
Answer:
The correct answer is D. Pete is irresponsible and will not pay the loan back on time
Explanation:
That is the most likely way Pete's lender will view his credit score
Hopefully this helps :3 sorry if wrong :( Plz mark brainiest if correct :D Your bootiful/handsome! Have a great day luv <3 (I know Im like almost a year later but yayyyyyyy- Hopefully you passed your quiz/test :D)
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
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It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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What are the highest and the lowest priced commodities in matrixville? list the inhabitants of this charming town in order of increasing income. If our friend bob makes $40,000 per year, what are the incomes for the rest of the inhabitants? with all the moonshine that bob drinks, do you think he will live long enough to enjoy his good life?
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With all the moonshine Bob consumes, his health will suffer and he will not be able to live a happy life. The other residents will receive the quantity according to the ratio determined by the organisation.
It illustrates how your business is using its resources and paying for its expenses in order to generate profits. Because it demonstrates how well the organisation is doing, the profitability ratio should be as high as it can be. Among the profitability ratios, profit margin and return on assets and equity are two examples. Ratio analysis looks at line-item data from a company's balance sheet to provide insights on profitability, liquidity, operational performance, and solvency. Ratio analysis enables you to compare businesses within the same industry or market and follow the evolution of one particular business.
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difference between relative and absolute scarcity
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Answer: Relative scarcity could be described as that where the resources are limited in supply for a short while, due to manufacturing or supply challenges.
Absolute scarcity could he described as where supply is naturally limited. No possibility of the supply increasing.
Explanation:
Relative scarcity could be described as that where the resources are limited in supply for a short while, due to manufacturing or supply challenges.
Absolute scarcity could he described as where supply is naturally limited. No possibility of the supply increasing.
In relative scarcity, there is a probability of the supply to be made available later while in absolute, there is no possibility of it happening.
Various financial instruments usually serve one of two distinct purposes: _________
a. To store value or to transfer risk.
b. Name a financial instrument used for each purpose.
c. Life insurance is a financial instrument that stores value, while car insurance is a financial instrument that transfers risk
Answers
The various financial instruments usually serve one of two distinct purposes to store value or to transfer risk. Hence option (a) is the answer.
What are financial instruments?Financial Instruments are intangible assets that are anticipated to offer future advantages in the form of an expectation of future cash flow. Financial instruments are exchanges of money between two parties. They can be produced, exchanged, altered, and settled. A contractual right to receive or deliver money in the form of debt, stock, derivatives, or proof of ownership in a company is an example of this.
It is a marketable asset used to demonstrate the monetary value or ownership interest of a business and represents a legal agreement or contractual right. A physical or digital document that represents a contract including any form of monetary value is referred to as a financial instrument. Cash instruments and derivative instruments are the two categories into which financial instruments can be categorized.
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Andrew is a software tester. He runs through the same kinds of programs day after day, looking for bugs and reporting them. The workers in another department look at Andrew's reports and do the programming needed to fix the problems; Andrew never knows if his reports result in any software changes. Andrew is taking night classes in programming. Often, he knows the best solution for many of the bugs he finds, but is forbidden to make the fix or even offer suggestions. Which part of this description relates most to Task Identity
Answers
Answer: The workers in another department do the programming needed to fix the problems
Explanation:
Every organization has job roles and task for which individuals where employed for and in most cases workers are not really permitted to do beyond their task unless they are asked to do so by the organization or they are asked by their colleagues to assist them, despite Andrew taking classes in software training, he would still need approval from the organization before he can carry out task in another department.
Which is the most accurate definition of body language?
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Answer:
The process of communicating nonverbally through conscious or unconscious gestures and movements
if you are borrowing loans, where can you find out how much you own in federal student loans?
Answers
If you are borrowing loans you can find out how much you own in federal student loans in the The Federal Student Aid website.
This website is under the department of education in the state, The website would show you details such as:
What you are owingThe loan amount that you applies for originallyYour loan balance And your payment status.You can use the National student loan database system NSLDS to check this out.
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Mrs. Gomez, a widow, paid $183,500 for her home 20 years ago. She recently sold this home and moved in with her son on a permanent basis. Compute Mrs. Gomez’s recognized gain or loss on the sale assuming that her amount realized was: (If the results of a transaction do not result in a gain or loss, select 'No gain/loss'.)
a. $171,500.______ ______
b. $306,000.______ ______
c. $476,000.______ ______
Answers
The answers are as follows:
a. $171,500: Recognized loss of $12,000.
b. $306,000: Recognized gain of $122,500.
c. $476,000: Recognized gain of $292,500.
To calculate Mrs. Gomez's recognized gain or loss on the sale of her home, we need to compare the amount realized with the adjusted basis of the property.
The recognized gain or loss is calculated as follows:
Recognized gain/loss = Amount realized - Adjusted basis
Given that Mrs. Gomez paid $183,500 for her home 20 years ago, we need to adjust this basis for any relevant factors such as improvements, depreciation, and any other adjustments allowed by tax laws. Since the problem does not provide any information on adjustments or improvements made to the property, we will assume the adjusted basis is equal to the original purchase price.
Now, let's calculate the recognized gain or loss for each scenario:
a. $171,500:
Recognized gain/loss = $171,500 - $183,500 = -$12,000
The recognized loss on the sale would be $12,000.
b. $306,000:
Recognized gain/loss = $306,000 - $183,500 = $122,500
The recognized gain on the sale would be $122,500.
c. $476,000:
Recognized gain/loss = $476,000 - $183,500 = $292,500
The recognized gain on the sale would be $292,500.
Therefore, the answers are as follows:
a. $171,500: Recognized loss of $12,000.
b. $306,000: Recognized gain of $122,500.
c. $476,000: Recognized gain of $292,500.
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What is the best definition of profit profit?
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Profit is the cost of making one more unit of a good. Profit is the extra money made from the sale of an additional good.
Profit is the term used to describe the monetary gain experienced when the revenue from a commercial activity outpaces the costs, costs, and taxes incurred to support the activity in question.
Any gains made go back to the company's owners, who can decide whether to keep the money for themselves, give it to shareholders as dividends, or put it to use again in the company.
Profit is the money that a company keeps after all costs have been deducted. Any business, whether it be a lemonade stand or a publicly listed multinational corporation, has as its main objective to make money. As a result, a firm's success is measured by its profitability in all of its forms.
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A 5%-coupon, interest-only, 30 -year Treasury Bond is an asset that makes semiannual payments (that is, two payments a year) of $25 for 30 years. How much is such a bond worth now under an (annual) opportunity cost of capital of 3% ? (Round your answer to the nearest cent)
Answers
First, let us compute the present value of each of the coupon payments as follows:
PV = C / (1 + r)n
Where:
PV = Present value of each coupon paymentC = Coupon paymentr = Interest raten = Number of years until coupon payment (semiannual payments)PV = 25 / (1 + 0.015)1PV = 24.67
Similarly, we can find out the present value of each coupon payment and add them up to get the present value of the bond as follows:
PV(Bond) = ΣPV(Coupon payments) + PV(Final payment)
Where:
PV(Bond) = Present value of bond
PV(Coupon payments) = Present value of each coupon payment
PV(Final payment) = Present value of the final payment
The present value of the final payment is the present value of the principal payment which can be found as follows:
PV(Final payment) = C / (1 + r)n = 1000 / (1 + 0.015)60 = $581.31ΣPV(Coupon payments) = 24.67 * 60 = $1480.14PV(Bond) = ΣPV(Coupon payments) + PV(Final payment) = $1480.14 + $581.31 = $2061.45
The bond is worth $2,061.45.
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Which of these results from the separation of ownership and management in large publicly traded corporations?
A. Corporate managers have weaker incentives to transfer control of the firm to more informed management teams.
B. Corporate managers have strong incentives to rather quickly transfer control of the firm to less informed management teams.
C. Corporate managers have a stronger incentives to rather quickly transfer control of the firm to more informed management teams.
D. Corporate managers have weaker incentives to transfer control of the firm to less informed management teams.
Answers
Option C. The separation of ownership and management in large publicly traded corporations leads to stronger incentives for corporate managers to rather quickly transfer control of the firm to more informed management teams.
This is because the owners of the corporation (the shareholders) are often dispersed and not actively involved in the management of the company, while the managers are responsible for making important decisions about the company's operations. Therefore, managers who are better informed and have a greater understanding of the company's operations and industry are more likely to make decisions that benefit the company and its shareholders. Additionally, managers who are able to demonstrate their expertise and knowledge may also benefit from increased compensation and job security.
Option A and D are incorrect because weaker incentives would not motivate managers to transfer control, and option B is incorrect because transferring control to less informed management teams would not be beneficial for the company.
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The result of the separation of ownership and management in large publicly traded corporations is that corporate managers have weaker incentives to transfer control of the firm to more informed management teams. The Correct option is C
This is because corporate managers are not necessarily the owners of the company, so they may prioritize their own interests over the long-term success of the company. As a result, they may be less willing to give up control or share decision-making power with more informed management teams who could potentially improve the company's performance.
On the other hand, they may have stronger incentives to retain control of the firm and maintain their own positions, even if it is not in the best interest of the company or its shareholders.
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What is the reason for using progressive taxes on income?
A) Lower-income individuals have a lower cost of living and can afford to pay more in taxes.
B) Higher-income individuals are more likely to spend their income on consumption of goods, and paying more taxes discourages spending.
C) Higher-income individuals are more likely to afford their standard of living and can afford to pay more in taxes.
D) Individuals of all incomes pay the same percentage of their income toward the tax, making it a fair tax.
Answers
The reason for the progressive tax is because the Higher-income individuals can afford a good standard of living and can pay more in taxes.
What is a progressive tax?This is a type of tax imposed based on a taxpayer's ability to pay, that is, the higher the income. the higher the taxrate applicable to the taxpayer's income.
The reason for progressive tax is that a tax would be a disproportionate burden for people with low incomes.
Therefpre, the Option C is correct.
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If a product costs £80 to manufacture and a 15% mark-up is added, the price at which the product will be sold is:
Answers
Answer:
92£
Explanation:
80 * 1.15 = 92
A company's purchase of foreign minerals: Net exports Government purchases Consumption Investment None of these
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A company's purchase of foreign minerals would be classified as an "Investment." The correct option is D.
This is because the company is acquiring resources to use in its production process or for future business opportunities. Investments typically involve purchases of long-term assets, such as machinery, equipment, and foreign minerals, which contribute to the company's economic growth and productivity.
The goal of investment is to earn a return on the money that is invested, which can be achieved in various ways, such as through capital appreciation, dividends, or interest payments. However, with the potential for greater returns comes greater risk, and investors must weigh the potential rewards against the risks involved in any given investment.
Therefore, the correct option is D.
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Jackson is working late at night on a project that is due the next day. he is not sure how to print his word document, and it is too late to call or text his teacher. what what is the best option for Jackson?
Decided not to print the document
Provide negative feedback to office online
Type a question in the "tell me what to do" box
View accessibility options
Answers
Answer:
Type a question in the “Tell me what you want to do” box.
Explanation:
Did the test myself and got it right.
Answer:
click the tell me what to do box
Explanation:
Sarah and Victor are in the 35% marginal tax bracket. They purchased 1000 shares of stock at $40 a share. After six months they sold 300 shares for $50 a share. What is the amount of federal income tax they owe as a result of this sale
Answers
They owe $360 in federal income tax as a result of this sale.
Sarah and Victor bought 1000 shares of stock at $40 per share, which cost them $40,000.
They sold 300 of these shares for $50 each, which gave them a total of $15,000 (300 × 50 = 15,000).
They gained $10 per share from this sale, which equates to a total of $3,000 (300 × 10 = 3,000).
Their net capital gain is $3,000 (revenue) - $1,200 (cost) = $1,800. They're in the 35% tax bracket, as per the question. The long-term capital gains tax rate is currently 20%.
Sarah and Victor will be required to pay 20% of their $1,800 in capital gains taxes, or $360.
To summarize, Sarah and Victor, in the 35% marginal tax bracket, bought 1000 shares of stock at $40 a share.
After six months, they sold 300 shares for $50 a share. They owe $360 in federal income tax as a result of this sale.
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What are the two main components of a systemic theory of international relations?
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The two main components of a systemic theory of international relations are realism and liberalism.
The scientific study of relationships between independent states is known as international relations (IR). It encompasses all state-to-state interactions, including conflict, diplomacy, trade, and foreign policy, as well as interactions with and between other international actors, including intergovernmental organizations (IGOs), international nongovernmental organizations.
Realism and liberalism are the two basic pillars of a systemic theory of international affairs. Along with comparative politics and political theory, international relations is frequently regarded as one of the key subfields of political science. However, it also heavily draws from international economics, law, and world history in addition to political science.
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A market condition featuring one producer controlling the entire supply of a
good is called
O A. an oligopoly
B. a monopoly
O c. monopolistic competition
D. pure competition
Answers
Answer:
B. A monopoly.
Explanation:
A market condition featuring one producer controlling the entire supply of a good is called a monopoly. Therefore, option B is correct.
What is a monopoly?A monopoly market is a market condition where there is only one supplier or producer of a particular good or service. In other words, a monopoly exists when a single company or entity has exclusive control over the production and distribution of a certain product or service.
In a monopoly market, the single seller has significant market power and can exert control over the price and quantity of the product. Since there are no close substitutes available in the market, consumers have no choice but to pay the price set by the monopolist. This can lead to higher prices and reduced consumer surplus.
Monopolies can arise due to various reasons, including legal barriers, such as patents or licenses, economies of scale, and control over essential resources. Governments sometimes regulate or break up monopolies to prevent them from abusing their market power and to promote competition in the market.
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janyce, a single taxpayer, has agi of $125,000 and paid the following taxes this year. calculate how much janyce can deduct for taxes as an itemized deduction this year.
Answers
The amount Janyce can deduct for taxes as an itemized deduction this year is $15,500, or $13,000 without state sales tax.
Janyce, a single taxpayer, can deduct taxes she has paid as an itemized deduction this year. The total amount she can deduct depends on her Adjusted Gross Income (AGI) and the type of taxes she has paid.
Janyce has an AGI of $125,000. She can deduct state and local income taxes, as well as state and local real estate taxes. She can also deduct sales taxes, personal property taxes, and foreign taxes.
In order to calculate the total amount Janyce can deduct for taxes as an itemized deduction, she must add up the total taxes she has paid in these categories.
For example, if Janyce paid $1,000 in state income tax,
$500 in local income tax,
$1,500 in real estate taxes,
$500 in sales taxes, she can deduct a total of $3,500.
Janyce must make sure not to exceed the AGI threshold for each of these categories. For example, if Janyce’s AGI is $125,000, the maximum deduction for state and local income taxes is $10,000. If her total state and local income taxes are more than $10,000, she can only deduct the maximum amount of $10,000.
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what is the purpose of file extensions?
A. they execute mail and merge function
b. they set up files in an organized hierarchy
c. they run the spell checker and grammar checker features
d. they tell the operating system what kind of document you are creating
Answers
Answer:
d. they tell the operating system what kind of document you are creating
Explanation:
They tell the operating system what kind of document you are creating is the purpose of file extensions. Hence, option D is correct.
What is file extensions?An operating system like Microsoft Windows uses a file extension as a suffix to the name of a computer file. It falls under the category of metadata. An operating system's understanding of a file's attributes and, to some extent, its intended usage is aided by the file extension.
The file's extension informs your computer which program created or can open the file and which icon to use. For instance, the docx extension instructs your computer to display a Word symbol when you examine the file in File Explorer and that Microsoft Word may open it.
Approximately 20 files are part of the Salt Lake City Game Music File. JPG pictures and other file types with the extension 20 are common.
Thus, option D is correct.
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Henry Ford paid his workers $5 a day in 1914 when the CPI was 10. Today with a price index at 177, the $5 a day is worth $88.50. True or false?
Answers
The statement Henry Ford paid his workers $5 a day in 1914 when the CPI was 10. Today with a price index at 177, the $5 a day is worth $88.50 is FALSE.
To determine the value of $5 in 1914 in terms of today's purchasing power, we need to adjust it for inflation using the CPI (Consumer Price Index). The CPI is a measure of the average change over time in the prices paid by urban consumers for a basket of goods and services. According to the Bureau of Labor Statistics, the CPI in 1914 was 10, while in 2021 it was 273.
To calculate the inflation-adjusted value of $5 in 1914, we can use the following formula:
(1914 CPI / 2021 CPI) x $5 = inflation-adjusted value of $5 in 1914
Plugging in the numbers, we get:
(10 / 273) x $5 = $0.18
Therefore, $5 in 1914 is equivalent to about $0.18 in 2021 dollars. This means that the $5 a day that Henry Ford paid his workers in 1914 would be worth about $177.50 today, not $88.50 as stated in the original statement.
It's worth noting that $5 a day was a relatively high wage for factory workers in 1914, and Ford's decision to pay his workers well helped him attract and retain a loyal workforce. However, the value of that wage has decreased significantly due to inflation over the past century.
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