Foreign freight forwarders are the international intermediaries that aid foreign buyers and sellers in finding each other and then handling all of the shipping arrangements and documentation preparation. Correct answer is 3.
Foreign freight forwarders are logistics providers that transport goods from one country to another. They are also the go-to people for businesses to navigate trade procedures and legal matters. Their experience and expertise in international trade enable them to handle import and export transactions, as well as all the shipping arrangements and documentation preparation.
They can even store your goods temporarily until they are ready to be shipped or delivered to their final destination. The international intermediary that helps foreign buyers and sellers find each other and then handles all of the shipping arrangements and documentation preparation is option 3, the Foreign Freight Forwarder. They specialize in organizing and facilitating international shipping, ensuring a smooth process for both parties involved. Option 3 is correct answer.
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_____ can be used for up to 90 percent of its assessed value.
Real estate
Accounts receivable
Insurance policies
Equipment
(ONLY ANSWER IF YOU ACTUALLY KNOW)
On January 1, 2021, Baltimore Company issued $200,000 face value, 5%, 10-year bonds at 103. Baltimore uses the straight-line method for amortization. Use this information to determine the dollar value of the annual bond premium amortization. Round your answer to the nearest whole number (no cents).
Answer:
the dollar value of the annual bond premium amortization is $600
Explanation:
The computation of the dollar value of the annual bond premium amortization is shown below:
Interest paid ($200,000 × 5%) $10,000
Less: premium amortization ($200,000 × 0.03) ÷ 10) -$600
Dollar value of the interest expense $9,400
So, the dollar value of the annual bond premium amortization is $600
Annual bond premium amortized using straight-Line Method is $600.
What is straight-Line Method of Amortization of Bond?In the straight-Line Method, the bond premium or discount is charged/disbursed equally over the life of the bonds.
Given:
Face value of 5% bonds= $200,000
Maturity period= 10 years
Issue price of 5% bonds=103
Value of the annual bond premium amortization=
Interest paid=5% of $200,000=$10,000
Premium amortized= ($200,000 × 0.03) ÷ 10=$600
Interest expense=Interest paid-premium amortization
=$10,000-$600
=$9,400
Therefore, the annual bond premium amortization is $600
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How the big crunch happen according to the steffen hawking?
Answer:
Before he passed away in March, theoretical physicist Stephen Hawking had published more than 230 articles on the birth of the universe, black holes and quantum mechanics. It turns out he had one more theory left in the locker.
On Wednesday, the Journal of High Energy Physics published the British scientist's final thoughts on the Big Bang, the leading theory for how the universe began. The new report, co-authored by Belgian physicist Thomas Hertog, counters the longstanding idea that the universe will expand for eternity. Instead, the authors argue the Big Bang had a finite boundary, defined by string theory and holograms.
29. Economics is based on
a. abundance
b. scarcity
c. laborers
A clothing design company pays two different people to design its T-shirts. The company pays person A $10 an hour and pays person B $12. Person A cannot work more than 5 more hours than person B, but they cannot work more than 30 hours total. Person A makes the company a profit of $15 an hour, and person B makes the company a profit of $20 an hour. If the company wants to make at least $250 in profit, which value will minimize the cost to the company? (Each point is (a, b), where a is the hours person A works and bis the hours person B works.) A. (17.5, 12.5) B. (0, 12.5) C. (10, 20) D. (0, 30)
AnswerAnswer:
B. (0, 12.5)
Explanation:
A+B = 30
a+a+5=30
a=12.5
if a = 12.5 b= 17.5
12.5 x 15 = 187.5 17.5 x 20 = 350
12.5 x 17.5 = 250 hence B is the correct answer
The combination of hours that minimizes the cost to the company while making at least $250 in profit is (17.5, 12.5), or answer choice A.
To minimize the cost to the company, we need to find the combination of hours for person A and person B that will allow the company to make at least $250 in profit while keeping the total cost of labor as low as possible. Let's call the number of hours that person A works "a" and the number of hours that person B works "b". We know that person A earns $10 per hour and person B earns $12 per hour. Additionally, we know that person A makes the company a profit of $15 per hour, while person B makes the company a profit of $20 per hour.
If we let x be the number of hours that person B works, then person A can work at most x+5 hours. This means that the total number of hours worked must be no more than 30, or a + b ≤ 30.
To make at least $250 in profit, we can set up the following inequality:
15a + 20b ≥ 250
Now we want to find the combination of a and b that minimizes the cost to the company. The cost to the company is given by:
Cost = 10a + 12b
We can use the method of Lagrange multipliers to solve this problem. We need to minimize the cost function subject to the constraints that a + b ≤ 30 and 15a + 20b ≥ 250.
The Lagrangian is:
L(a,b,λ) = 10a + 12b + λ(30 - a - b) + μ(250 - 15a - 20b)
where λ and μ are the Lagrange multipliers.
Taking partial derivatives with respect to a, b, λ, and μ, we get:
∂L/∂a = 10 - λ - 15μ = 0
∂L/∂b = 12 - λ - 20μ = 0
∂L/∂λ = 30 - a - b = 0
∂L/∂μ = 250 - 15a - 20b = 0
Solving these equations, we get:
a = 17.5, b = 12.5, λ = -1, μ = -2.5
Therefore, the combination of hours that minimizes the cost to the company while making at least $250 in profit is (17.5, 12.5), or answer choice A.
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Does a depression always follow a recession?
Yes, the trough is always considered a depression.
No, a depression is indicated when the recession is exceptionally long.
Yes, for recovery to occur, the trough must be reached.
No, the economy could decline quickly and bypass recession.
Answer: No, a depression is indicated when the recession is exceptionally long.
Explanation:
Which are the top bookkeeping services provider firms in Singapore?
Some of the top bookkeeping services provider firms in Singapore include sleek, boardroom, etc.
1. Sleek: Sleek offers a range of accounting and bookkeeping services, catering to both startups and established businesses. They provide personalized support and utilize cloud-based software for efficient bookkeeping.
2. Ackenting Group: Ackenting Group offers comprehensive bookkeeping services tailored to various industries. They assist in maintaining accurate financial records, managing accounts payable and receivable, and generating financial reports.
3. Boardroom: Boardroom provides professional bookkeeping services to businesses of all sizes. They offer end-to-end solutions, including data entry, bank reconciliation, and financial statement preparation, ensuring compliance with Singapore's accounting standards.
4. 3E Accounting: 3E Accounting specializes in outsourced bookkeeping services, assisting businesses in maintaining organized financial records and adhering to regulatory requirements. They leverage technology for streamlined processes and efficient reporting.
5. Onestop Accounting: Onestop Accounting offers reliable and cost-effective bookkeeping services. They assist businesses in managing their accounts, preparing financial statements, and ensuring compliance with tax regulations.
These firms have established reputations and expertise in providing high-quality bookkeeping services to businesses in Singapore.
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Evaluate whether Min-Chul is right to focus more on non-financial motivators than financial
motivators to attempt to motivate employees.
The most prevalent financial motivations occur at work and entail monetary rewards. These are your extrinsic motives, often known as carrots and sticks, which are used to encourage and reward employees for specific achievement behaviors.
Financial incentives drive workers and make them aware of what they stand to gain or lose depending on their performance when they are effectively conveyed. The employee can more easily provide for their families and materially better their lives outside of work thanks to this kind of inducement. Financial incentives can also raise short-term morale and productivity.
Naturally, not everyone is driven by money, and Gallup has discovered that there is no connection between engagement and pay scale. In addition, because of their monetary character, financial motivators frequently have declining returns. Less frequent non-financial motivators are frequently intangible and do not explicitly involve money. These can take various forms, such as acknowledgment, increased accountability and faith in a position, involvement in decisions, adaptable schedules, mentoring, feedback, and others.
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Imagine the products are in decline and recommend an extension strategy for each one. Make sure you explain your
A Galaxy chocolate bar
Candy Crush mobile app.
Evian water
Ferrari world.
All of these products should use a rebranding extension strategy.
Once a product reaches maturity and the market is saturated, it gradually starts to decline.
Because of this, one approach to lengthen the life of a product strategy is to always seek out ways to make it better, different, and even stand out from similar products that have already hit the market.
Rebranding, offering discounts, and looking for new markets are all examples of extension strategy methods. Rebranding is the process of giving an existing product a fresh look and feel in order to set it apart from the competition. For instance, a cosmetics company might provide additional brushes, blenders, or sponges.
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Nicole worked for 6 hours and 15minutes how should she write that on her time card
Answer:
6.25 hours
Explanation:
Question 6 of 10
A risk response plan lists your risks, including identified risk causes, description, and
Select an answer:
potential impacts
why the risk can't be avoided
your sponsor's assignee to handle risk
issue register
A risk response plan lists your risks, including identified risk causes, descriptions, and Option A. potential impacts.
The Risk Response Planning is a process that recognizes potential risks, assesses them, and establishes management plans to reduce or prevent them. Risk response plans should describe the expected outcome of each response action, any significant input from stakeholders, and the time and resources required to carry out the response. A risk response plan typically includes the following sections:
Risk Management Plan Preparation - This section provides guidance for preparing the risk management plan's remainder. It describes the recommended contents of the risk management plan and the recommended process for preparing it.
Risk Identification - This section identifies risk sources that might cause a negative outcome for the project. It also provides a risk identification checklist that the project team can utilize as a starting point for identifying risks.
Risk Analysis - This section analyzes each identified risk's potential impact on project success by estimating the probability of occurrence and the potential effect on the project's objectives.
Risk Response Development - This section outlines the strategies and actions for managing risks. It includes contingency plans for high-priority risks and an implementation plan for all other risks.
Risk Response Control - This section describes how to evaluate the effectiveness of the risk response strategy, establish contingency plans, and implement corrective action as needed.
Risk response plans should be developed in collaboration with stakeholders to ensure that the project's risks are addressed appropriately. In addition, they should be reviewed regularly and updated as necessary throughout the project. The most important part of any risk response plan is the risk response strategy, which describes the specific actions to be taken in response to each identified risk. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
Question 6 of 10
A risk response plan lists your risks, including identified risk causes, descriptions, and
Select an answer:
A. potential impacts
B. why the risk can't be avoided
C. your sponsor's assignee to handle risk
D. issue register
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What misconceptions should Juanita correct during her meeting with Bill?
Misconceptions should Juanita correct during her meeting with Bill are - The misconception that a low stock price indicates a bad investment, The misconception that diversification is unnecessary, The misconception that investing in individual stocks is the only way to invest.
1. The misconception that a low stock price indicates a bad investment: Bill seems to believe that because the company's stock price is low, it must be a bad investment. However, stock price alone does not indicate the quality of an investment. There could be many factors affecting the stock price, such as market conditions or industry trends. Juanita should explain to Bill that it is important to look beyond the stock price and evaluate the company's financials and fundamentals before making an investment decision.
2. The misconception that diversification is unnecessary: Bill seems to believe that investing in only a few companies is sufficient and diversification is unnecessary. However, investing in only a few companies can expose an investor to significant unsystematic risk, which can be mitigated by diversification. Juanita should explain to Bill the benefits of diversification, including reducing risk and potentially increasing returns.
3. The misconception that investing in individual stocks is the only way to invest: Bill seems to believe that investing in individual stocks is the only way to invest. However, there are many other investment options available, such as mutual funds, exchange-traded funds (ETFs), and index funds. Juanita should explain to Bill the different investment options available and help him identify which option is best suited to his investment goals and risk tolerance.
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Two construction companies were charged separately in the Sessions Court here on Tuesday, Sept 21, in connection with the collapse of the Jaya Supermarket building at Section 14 here on May 28 last year, which claimed seven lives. The companies are Lian Hup Earth Work & Construction Sdn. Bhd. (Lian Hup), which is represented by its director, Jason Hee Kok Heng, and C.W Yap Sdn. Bhd., which is represented by its director, Yap Choon Wai. They both pleaded not guilty to the charge. Lian Hup is charged with failing, as an employer, to ensure the safety, health and welfare at work of its employees by failing to meet safety standards in demolition work of the supermarket building at Jalan Semangat here about 5pm on May 28 last year. The company is charged under Section 15(1) of the Occupational Safety and Health Act 1994 and, if found guilty, is liable to a fine not exceeding RM50,000 or to imprisonment for a term not exceeding two years or both. Meanwhile, C.W Yap Sdn. Bhd. is charged under Section 17(1) of the same act for failing, as employers, to ensure that other persons, not being their employees, who may be affected, are not exposed to risks to their safety or health. The company is charged with committing the offence at the same place, date and time. If found guilty, it is also liable to a fine not exceeding RM50,000 or to imprisonment for a term not exceeding two years or both. In the May 28 incident, the building structure of the Jaya Supermarket, which was to be torn down for redevelopment, collapsed while demolition works were being carried out, killing seven workers. Both the companies were represented by lawyer Ooi Hueng Miin, while prosecuting officers from the Selangor Occupational Safety and Health Department, Jaafar Leman and Hazlina Yon, prosecuted. Earlier, Jaafar applied for both cases to be heard jointly on grounds that the incidents in both cases happened at the same place, time and date. Judge Rozina Ayob allowed the application and set Sept 27 for mention.
Understand the role of the Department of Occupational Safety and Health (DOSH) in Malaysia and its significance in the JAYA Supermarket incident.
The Department of Occupational Safety and Health (DOSH) in Malaysia played a significant role in the Jaya Supermarket incident by prosecuting the construction companies for alleged violations of occupational safety and health regulations, emphasizing the importance of ensuring workplace safety and holding employers accountable.
The Department of Occupational Safety and Health (DOSH) in Malaysia plays a crucial role in ensuring the safety, health, and welfare of workers in various industries. In the Jaya Supermarket incident, DOSH's significance lies in its role as the prosecuting body responsible for enforcing occupational safety and health regulations.DOSH is responsible for promoting and enforcing compliance with occupational safety and health laws, regulations, and standards. It conducts inspections, investigations, and audits to identify and address potential hazards and risks in the workplace. DOSH also provides guidance and assistance to employers in implementing safety measures and creating a safe working environment.In the Jaya Supermarket incident, DOSH's involvement is evident in the charges filed against the two construction companies, Lian Hup Earth Work & Construction Sdn. Bhd. and C.W Yap Sdn. Bhd. DOSH prosecuted the companies for their alleged failure to ensure the safety and health of their employees and others affected by the demolition work.By prosecuting the companies under the Occupational Safety and Health Act, DOSH aims to hold employers accountable for their responsibilities in providing a safe work environment and preventing risks to workers' safety and health. DOSH's actions in this case highlight the importance of enforcing occupational safety and health regulations to prevent accidents and protect workers' well-being.For more questions on Safety
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what are some spending areas the might be prioritized by people , yet shouldnt be ?
Answer:Generosity first (even if it is time and support rather than money)
Mortgage/Rent (payment, insurance, utilities)
Groceries (not dining out)
Protective clothing.
Required prescriptions and medical procedures.
Utilities.
Emergency savings.
Explanation:
When did the U.S. current account balance experience the largest surplus?
Answer: 1990
The OECD projects the US current account to be in deficit byUS$826 billion by 2006.1 In 1990 the US current account wasin surplus.
Explanation: signed, birb
"Group decision making is better". Do you agree or disagree with the statement? Give 3 reasons why do you say so?
Answer:
I agree because it make the group bring out more ideals
sometimes group decision make some people to voice out their problems
group decision help organization and firms to operate in good aims
suppose promoters of xyz music concerts knows that if they charge 400birr pertcket 2000 people would buy thetickets for conserts and if charge 200birr perticket 4000 people would by tickets over this pirce range A, find pirce elasticity of damand B, uhat types of price elasticity of damand
A.Price Elasticity of Demand is 1.
B.In other words, the increase or decrease in the quantity demanded is directly proportional to the change in price.
To calculate the price elasticity of demand, we can use the formula:
Price Elasticity of Demand = Percentage Change in Quantity Demanded / Percentage Change in Price
A. Calculating the percentage change in quantity demanded:
Change in Quantity Demanded = 4000 - 2000 = 2000
Average Quantity Demanded = (4000 + 2000) / 2 = 3000
Percentage Change in Quantity Demanded = (Change in Quantity Demanded / Average Quantity Demanded) * 100
= (2000 / 3000) * 100
≈ 66.67%
Next, let's calculate the percentage change in price:
Change in Price = 400 - 200 = 200
Average Price = (400 + 200) / 2 = 300
Percentage Change in Price = (Change in Price / Average Price) * 100
= (200 / 300) * 100
≈ 66.67%
Now, we can calculate the price elasticity of demand:
Price Elasticity of Demand = Percentage Change in Quantity Demanded / Percentage Change in Price
= 66.67% / 66.67%
= 1
B. Since the price elasticity of demand is equal to 1, it indicates unitary price elasticity of demand. This means In other words, the increase or decrease in the quantity demanded is directly proportional to the change in price.
This suggests that consumers are highly responsive to price changes, and a small increase or decrease in price can lead to an equivalent change in the number of tickets sold.
that the demand for tickets is perfectly elastic within this price range.
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38. A log book used to record information about visitors who call in an organization is called A. Complimentary card B. Telephone directory C. Telephone pad D. Visitor's register E. Visitor's request form
A logbook used to record information about visitors who call in an organization is called an Option D. Visitor's Register.
A visitor's register is an essential tool for maintaining security and professionalism in a workplace. It helps in keeping track of the people entering and leaving the premises, which aids in monitoring the flow of visitors and ensuring their proper identification.
A visitor's register typically includes columns for the visitor's name, contact details, purpose of visit, time in, time out, and the name of the person they are meeting. This information is valuable in case any follow-up is required or for emergency situations where it's crucial to know who is on the premises.
In contrast, a complimentary card (A) is a business card exchanged during formal introductions. A telephone directory (B) is a listing of telephone numbers organized by name or business. A telephone pad (C) is a notepad used for taking messages or notes during phone calls, and a visitor's request form (E) may be a document required to be filled out by visitors for specific purposes or access.
In summary, a visitor's register (D) is the correct term for a log book used to record information about visitors who call an organization. It helps maintain security, monitor visitor flow, and ensure proper identification of guests. Therefore, the correct option is D.
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________ plans are very short-term plans that specify what actions individuals, work groups, or departments need to accomplish in a month, a week, or even a day.
Answer:
Operational
Explanation:
Operational is the answer
What is wrong with this sentence? The report applies to western Europe, where people are interested in these exports.
The issue with the sentence is that : The sentence is grammatically correct, but it is unclear what "these exports" refer to
What is wrong with this sentence?The sentence is grammatically correct, but it is unclear what "these exports" refer to. To improve clarity, the sentence should be revised to provide more context or specificity about the exports in question.
For example: "The report applies to western Europe, where people are interested in buying cars from Japanese manufacturers."
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Using your knowledge of how to properly punctuate dialogue, select the choice that has no errors.
"You may have luxuries and dainties that I have not," She said as she hurried away, "But I prefer my plain food and simple life in the country with the peace and security that go with it."
"You may have luxuries and dainties that I have not." she said as she hurried away, "but I prefer my plain food and simple life in the country with the peace and security that go with it."
"You may have luxuries and dainties that I have not." she said as she hurried away. "But I prefer my plain food and simple life in the country with the peace and security that go with it."
"You may have luxuries and dainties that I have not," she said as she hurried away, "but I prefer my plain food and simple life in the country with the peace and security that go with it.
Answer:
The third choice, the one that has a period before the word "but"
Explanation:
There can't be any "run on" sentences when trying to put a conversation. I'm pretty sure that's the answer, but it's hard to explain. I'm so sorry if I didn't make sense.
why is it important NOT to set your office fee schedule equal to the Medicare Fee Schedule?
Because the fee schedule is subject to change at any time during the year, it does not exceed (or at least does not equal) patients' allowances. Gains are lower if the fee schedule is lower than the medication fees because most other insurance allowances are higher than Medicare. So to gain higher revenue it is advisable not to set the office fee schedule equal to that of the Medicare. Medicare fee bis the most recent form of payment and eliminates wide payment variation across similar areas
What is the fee schedule?
The fee schedule is "a complete listing of fees used by Medicare to pay doctors or other providers/suppliers," according to the Centers for Medicare and Medicaid Services (CMS). On a fee-for-service basis, reimbursement for a doctor and/or other providers is done using this comprehensive list of fee maximums.
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Task 1: At December 31, 2019, House Co. reported the following information on its balance sheet. Accounts receivable $960,000 Less: Allowance for doubtful accounts 80,000 During 2020, the company had the following transactions related to receivables: Sales on account $3,700,000 Sales returns and allowances 50,000 Collections of accounts receivable 2,810,000 Write-off s of accounts receivable deemed uncollectible 90,000 Recovery of bad debts previously written off as uncollectible 29,000 Instructions Prepare the journal entries to record each of these fi ve transactions. Assume that no cash discounts were taken on the collections of accounts receivable. Enter the January 1, 2020, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T-accounts), and determine the balances. Prepare the journal entry to record bad debt expense for 2020, assuming that an aging of accounts receivable indicates that expected bad debts are $115,000. Compute the accounts receivable turnover for 2020 assuming the expected bad debt information provided in c. Task II: Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas. Nike adidas Sales revenue $19,176.1 $10,381 Allowance for doubtful accounts, beginning 78.4 119 Allowance for doubtful accounts, ending 110.8 124 Accounts receivable balance (gross), beginning 2,873.7 1,743 Accounts receivable balance (gross), ending 2,994.7 1,553 Instructions: Calculate the accounts receivable turnover and average collection period for both companies. Comment on the difference in their collection experiences
Answer
The answer is 22
Explanation:
because its so mad
I am thirteen and need to make money what should I do?
Answer:
Sell slime ,Leamondae stand, baby, dog walk, Sell art
Explanation:
Factory Overhead Cost Budget Budget that estimates the cost for each item of factory overhead needed to support budgeted production. Sweet Tooth Candy Company budgeted the following costs for anticipated production for August:
Advertising expenses $232,000
Manufacturing supplies 14,000
Power and light 48,000
Sales commissions 298,000
Factory insurance 30,000
Production supervisor wages 135,000
Production control wages 32,000
Executive officer salaries 310,000
Materials management wages 39,000
Factory depreciation 22,000
Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs.
Variable Factory Overhead Cost - list out separately
Total variable factory overhead costs
Fixed factory overhead costs:
Total fixed factory overhead costs
Total factory overhead costs
Answer:
Factory Overhead Cost Budget
For the month ending August 31, 2016
Variable factory overhead costs:
Manufacturing supplies $14,000
Power and light $48,000
Production supervisor wages $135,000
Production control wages $32,000
Materials management wages $39,000
Total variable factory overhead costs $268,000
Fixed Factory Overhead Costs
Factory insurance $30,000
Factory depreciation $22,000
Total Fixed Factory Overhead Costs $52,000
Total factory overhead costs $320,000
Thus, the total factory overhead cost for the month of August, 2016 is $320,000.
A major glass factory just closed because it wasn't making enough money to sustain itself. As a result, hundreds of workers lost their jobs. In addition to impacting the people who are now unemployed, what impact does this factory closure have on other businesses in the area
Answer:
They are very sad now because they liked the old factory.
If $30,000 is deposited in a savings account at the end of each year and the account pays interest of 5% compounded annually, what will be the balance of the account at the end of 10 years
Answer:
the balance of the account at the end of 10 years is $377,336.78
Explanation:
The computation of the balance of the account at the end of 10 years is shown below;
Future value = PMT × [((1 + rate of interest)^time period - 1) ÷ rate of interest]
= $30,000 × [((1 + 0.05)^10 -1) ÷ 0.05]
= $30,000 [((1 + 0.62889 - 1) ÷ 0.05
= $30,000 × 12.5779
= $377,336.78
Hence, the balance of the account at the end of 10 years is $377,336.78
Jenna began the year with a tax basis of $45,000 in her partnership interest. Her share of partnership debt consists of $6,000 of recourse debt, and $10,000 of nonrecourse debt at the beginning of the year, and $6,000 of recourse debt, and $13,000 of nonrecourse debt, at the end of the year. During the year, she was allocated $65,000 of partnership ordinary business loss. Jenna does not materially participate in this partnership, and she has $4,000 of passive income from other sources.A) How much of Jenna's loss is limited by her tax basis?B) How much of Jenna's loss is further limited by her at-risk amount?C) How much of Jenna's loss is further limited by the passive activity loss rules?
Answer:
a) Jenna's tax basis = $45,000 + ($13,000 - $10,000) = $48,000
loss allocation = $65,000
loss limited by her tax basis = $65,000 - $48,000 = $17,000
b) Jenna's at risk loss = $48,000 - $13,000 = $35,000
c) Jenna's loss limited by passive activity = $35,000 - $4,000 = $31,000
The amount of loss limited by Jenna’s tax basis is $20,000; the amount of Jenna’s loss that is further limited by her at-risk amount is $10,000; and the amount of Jenna’s loss that is further limited by the passive activity loss rules is $31,000.
What is Tax -Basis?The basis for each partner's tax base is the sum of the partner's contribution amount and the share of the debt and any income earned. Distribution reduces the partner tax base.
Calculations of The Amount of Loss Limited Tax Basis, At-Risk Amount, and Passive Activity Loss Rules:
a) Amount of loss limited by Jenna’s tax basis is Loss allocated to Jena – Jena’s Tax Basis.
\(\rm\,Amount\; of \;loss \;limited\; by \;Jennas\; tax\; basis\; = \$65,000 - \$45,000\)
Amount of loss limited by Jenna’s tax basis is $20,000
B) The amount of Jenna’s loss that is further limited by her at-risk amount can be calculated as follows: is At-risk limitation - Amount of loss limited by Jenna’s tax basis (1)
Where:
\(\rm\, At-risk\, limitation = Loss \,allocated \,to \,Jena - At\,-risk \,amount\, limitation\, \\\\= \,Loss\, allocated\, to\, Jena\, - (\,Tax \,basis\, - Nonrecourse\, Debt)\)
\(= \$65,000 - (\$45,000 - \$10,000) \\= \$30,000\)
Substituting the relevant values into equation (1), we have:
Amount of Jenna’s loss that is further limited by her at-risk amount
\(= \$30,000 - \$20,000\\ = \$10,000\)
C) The amount of Jenna’s loss that is further limited by the passive activity loss rules can be calculated as follows:
Amount of Jenna’s loss that is further limited by the passive activity loss rules:
\(= \rm\,At-risk\; amount \;limitation - Passive \;income \\= Tax \;basis - Nonrecourse\; Debt) - Passive \;income \\= (\$45,000 - \$10,000) - \$4,000 \\= \$31,000\)
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How can a computer system make documenting orders more efficient?
A. By automatically checking customers' credit
B. By accepting orders at the company's website
C. By automatically generating shipping forms
D. By keying orders into a computer
by automatically generating shipping forms
Answer:
by automatically generating shipping forms
Explanation:
Concord Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Concord Company uses the periodic inventory system.
Answer:
the numbers are missing, so I looked for a similar question:
Purchases Sales Units Unit Cost Units Selling Price/Unit
3/1 Beginning inventory 100 $40
3/3 Purchase 60 $50
3/4 Sales 60 $80
3/10 Purchase 200 $55
3/16 Sales 70 $90
3/19 Sales 90 $90
3/25 Sales 60 $90
3/30 Purchase 40 $60
the requirements are:
calculate COGS and ending inventory under FIFO, LIFO and weighted average.
since this company uses the periodic inventory level we must first determine the total cost of goods available for sale:
3/1 Beginning inventory 100 $40
3/3 Purchase 60 $50
3/10 Purchase 200 $55
3/30 Purchase 40 $60
total goods available for sale = 400 units, at a total cost of $20,400
total units sold = 60 + 70 + 90 + 60 = 280 units
ending inventory = 120 units
under FIFO:
ending inventory = (40 x $60) + (80 x $55) = $6,800
COGS = $20,400 - $6,800 = $13,600
under LIFO:
ending inventory = (100 x $40) + (20 x $50) = $5,000
COGS = $20,400 - $5,000 = $15,400
under weighted average:
ending inventory = ($20,400 / 400) x 120 = $6,120
COGS = $20,400 - $6,120 = $14,280