dustin is planning to open a catering business. indicate if each of the following examples represents a one-time fixed cost, an ongoing fixed cost, or a variable cost that his new catering business might incur.
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The complete Statements for the fixed cost are
The van he purchased is a one-time fixed cost because he paid for the van only once in a lifetime. Cardboard boxes are a variable cost because he has to purchase it according to demand if demand is less then he has the option to purchase less cardboard. Kitchen space is an ongoing fixed cost because it has to be paid every month and even if the business is shut down rent has to be paid.Monthly ad is a variable cost because he has the option to not give and if he feels unnecessary for every month.Grocery purchased is a variable cost because the number of groceries could be reduced according to demand.This is further explained below.
What is the fixed cost?Generally, The vehicle that he bought has a one-time fixed cost since he will only ever buy a van. This means that the cost of the van will never change.
The cost of cardboard boxes is considered variable since he must acquire them in accordance with demand; if demand is lower than expected, he has the option of purchasing a lower quantity of cardboard.
The rent for the kitchen facility is considered a continuing fixed expense since it must be paid every month and must be paid even if the company is closed down.
The cost of the monthly advertisement is flexible since the customer may choose not to purchase the advertisement if he believes that it is not essential for each month.
The quantity of groceries bought is considered a variable cost since the number of groceries purchased may be decreased in response to changes in demand.
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CQ is attached below
Related Questions
The growth in information that inundates businesses each day and the complex tools used to analyze the data and derive meaningful insights is known as?.
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Big data refers to both the expanding amount of information that daily inundates businesses and the sophisticated tools used to analyze it and produce valuable insights.
Describe Big Data.Big data describes data sets that are too big or intricate for conventional data-processing application software to handle. Greater statistical power is offered by data with more fields (rows), whereas data with more attributes (or columns) may have a higher false discovery rate.
Data collection, data storage, data analysis, search, sharing, transfer, visualization, querying, updating, information privacy, and data source are just a few of the big data analysis challenges.
Volume, variety, and velocity are the three main ideas that were initially connected to big data. Big data analysis makes sampling difficult, previously only allowing for observations and sampling. Veracity, the fourth concept, denotes the accuracy or value of the data.
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a plan that focuses on ongoing activities designed to achieve an enduring set of goals is called a . start-up plan single-use plan standing plan rotational plan activation plan
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Standing plan is a plan that focuses on ongoing activities designed to gain long lasting set of goals.
A business plan that is meant to be utilized repeatedly is known as a standing plan. It is intended to direct managerial choices and actions that frequently occur. It is employed over an extended length of time, occasionally forever, and is modified as needed. Standing plans typically include rules, regulations, and procedures that specify what to do in specific circumstances or what must be done to achieve a specific goal. Standing plans help the organization coordinate because they promote uniformity and consistency. Because the norms and procedures pertaining to the task have previously been defined, they enable senior employees to reliably assign work to subordinates.
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a typical family on sandy island consumes only juice and cloth. last year, which was the base year, the family spent $ on juice and $ on cloth. in the base year, juice was $ a bottle and cloth was $ a length. this year, juice is $ a bottle and cloth is $ a length. calculate a. the cpi basket. b. the cpi in the current year. c. the inflation rate in the current year.
Answers
The inflation rate is 323.08%
Consumption of juice = (family’s spending) / (base year price)
= $18 / $2
= 9 bottles
Consumption of cloth = (family’s spending) / (base year price)
= $8 / $2
= 4 units of length
Current period price of the basket = (9 × $10) + (4 × $5) = $110
Base period price of the basket = (9 × $2) + (4 × $2) = $26
Current CPI = {Current period price of the basket / Base period price of the basket} × 100
= ($110 / $26) × 100
= 423.08 (Answer)
2. Base CPI is assumed to be 100.
Inflation rate in the current year = {(Current CPI – Base CPI) / Base CPI} × 100 = {(423.08 – 100) / 100} × 100
= 323.08
The inflation rate is 323.08%.
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which statement is true? a competitive market pushes the quantity produced to its efficient level. when the efficient quantity is produced, consumer surplus is minimized. when the efficient quantity is produced, producer surplus is minimized. when supply is greater than demand, producer surplus is less than consumer surplus.
Answers
It is accurate to say that a competitive market drives production to its optimal level.
In a competitive market, consumer surplus is maximized when the efficient amount is generated.The sum of the consumer and producer surpluses, or the total surplus, is maximized at the efficient quantity. This is the case because the market sets prices that are equivalent to the marginal cost of manufacturing the final unit.
When is the productive quantity produced?The quantity of a good that causes the marginal benefit from it to equal the marginal cost of producing it is known as the effective quantity. Increased quantity will result in more effective resource usage if marginal gain outweighs marginal cost.
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n 1904, the first putting green championship was held. the winner's prize money was $140. in 2016, the winner's check was $1,171,000. (do not round intermediate calculations.)
Answers
The percentage increase per year in the winner's check over this period is
x=8.398%
This is further explained below.
What is the future value,?Generally, A present asset's future value, abbreviated as FV, is the value that the asset is expected to have at some point in the future, based on a projected rate of growth.
Because investors and financial planners use it to predict how much money an investment made now will be worth in the future, the future value is very significant to these professions.
The formula for determining the future value is as follows: FV = PV(1+i)n, where the present value PV is increased by a factor of 1 + I for each period that is added to the future. In order to calculate FV, the future value calculator takes into account a number of factors, including the following: The whole amount of the present value.
In conclusion,
A=P(1+r/100)^n
Therefore
1171000.=140*(1+r/100)^112
(1171000/140)^(1/112)=(1+r/100)
(1+r/100)=1.0839810
=8.398%
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CQ
In 1904, the first Putting Green Championship was held. The winner's prize money was $130. In 2016, the winner's check was $1,180,000. (Do not round Intermediate calculations.)
a. What was the percentage increase per year in the winner's check over this period?
What are Common Tasks for Recreation Workers?
Answers
Answer:
•Plan, organize, and lead activities for groups or recreation centers.
•Explain the rules of activities and instruct participants at a variety of skill levels.
•Enforce safety rules to prevent injury.
•Modify activities to suit the needs of specific groups, such as seniors.
Why does the PRO author begin the article by describing the American Recovery Act?
(A) to illustrate that raising the minimum wage cannot solve the problems for workers if inflation is high
(B) to illustrate that raising the minimum wage is not the only solution to the U.S. worker shortage
(c) to highlight evidence to support the idea that raising the minimum wage would have positive effects
(D) to highlight evidence to support the idea that some laws make it too hard to raise the minimum wage
Answers
The reason why the PRO author begin the article by describing the American Recovery Act is that (A) to illustrate that raising the minimum wage cannot solve the problems for workers if inflation is high.
What is American Recovery Act ?American Recovery Act can be described as the act that was signed by president Obama so as to give unprecedented action so that the economy of the united states of America can be stimulated.
It should be noted that the PRO author begin the article with the description of the American Recovery Act to emphasis on the problem wit the minimum wage .
Therefore, option A is correct.
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in-group members . a.get more information from leaders b.do their jobs and nothing more c.have low-quality leader-member exchanges d.are focused on themselves rather than the team
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Members in the group get more information from the leader.
Understanding leadership is an ability or strength within a person to lead and influence others in terms of work, where the goal is to achieve predetermined targets. While the notion of a leader is someone who is trusted as the chairman (head) in a system in an organization/company. That way, a leader must have the ability to guide and influence a person or group of people.
The goal of leadership is
Means to Achieve Goals, by paying attention to whether the goals are achieved or not and how to achieve these goals, we can find out the leadership spirit of a person.Motivating Others, in other words, a good leader is a leader who can motivate followers/subordinates to achieve the desired goals.You can learn more about leadership here brainly.com/question/28487636
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emma and cynthia start up a general partnership. emma contributes $60,000 of initial start-up capital to help grow the business and cynthia contributes $40,000. they both agree that in the future, they want to take on a third partner. emma and cynthia then sign a partnership agreement and begin running the business. as part of the partnership agreement, they agree to the default rules regarding voting. what percentage voting interest does emma have, and what percentage voting interest does cynthia have?
Answers
The percentage voting interest that Emma has is equal to 60% and the percentage voting interest has is equal to 40% according to their initial start-up capital contributions if they agree to the default rules regarding voting.
According to the default rules regarding voting, every partner has a vote percentage proportional to the paid-up value of shares.
Therefore the percentage of voting interest can be calculated as follows;
Total contribution = Emma contribution + Cynthia contribution
Total contribution = 60,000 + 40,000
Total contribution = 100,000
Percentage voting interest of Emma can be calculated as follows;
Emma's voting interest = Emma's contribution ÷ Total contribution
Emma's voting interest = 60,000 ÷ 100,000
Emma's voting interest = 0.6
Percentage of Emma's voting interest = 0.6 × 100 = 60%
Percentage voting interest of Cynthia can be calculated as follows;
Cynthia's voting interest = Cynthia's contribution ÷ Total contribution
Cynthia's voting interest = 40,000 ÷ 100,000
Cynthia's voting interest = 0.4
Percentage of Cynthia's voting interest = 0.4 × 100 = 40%
Therefore, the percentage voting interest of Emma and Cynthia is calculated to be 60% and 40%.
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the traditional 401(k) plans will generate (higher/lower) after-tax rates of return than the roth 401(k) plans when taxpayers' marginal tax rates decrease from the time of the contribution to the time of the distribution.
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The traditional plans will experience a higher after-tax rate of return under the standard 401(k). when taxpayers' marginal tax rates decrease from the time of the contribution to the time of the distribution.
What is marginal tax rate?
The amount of additional tax paid for each new dollar of income received is known as the marginal tax rate.With a marginal tax rate of 10%, tax would be deducted from the following dollar of income at a rate of 10%.
Plan than under the Roth 401(k) plan if her marginal tax rate in the year of contribution is higher than her marginal tax rate in the year of distribution. The retirement savings programs, known as traditional and Roth 401(k)s, contain differences that are crucial for you to comprehend.
Contributions to a traditional 401(k) are made before taxes, therefore withdrawals are taxed. Since Roth 401(k) contributions are made after tax, there is no tax on withdrawals.
Jenny will earn a higher after-tax rate of return if she chooses option A because her marginal tax rate in the year of contribution is higher than her marginal tax rate in the year of distribution. return on the standard 401(k) plan than on the Roth 401(k) plan due to the fact that, as was mentioned in the paragraph above, Roth 401(k) withdrawals are tax-free (k).
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misha applied for a loan from the bank for a new sporting goods store. the bank requires misha to put up a financial interest in the property of the business to guarantee payment of the debt. what is this called? group of answer choices
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As Misha applied for a loan from the bank for a new sporting goods store and the bank requires him to put up a financial interest in the property of the business to guarantee payment of the debt., the financial interest in this case is known as a collateral.
What is a collateral?In finance, a collateral refers to an item of value pledged to secure a loan and often reduces the risk for lenders. The practice is that when a borrower defaults on the loan, the lender can seize the collateral and sell it to recoup its losses. So, some personal assets such as a savings or investment account can be used to secure a collateralized personal loan.
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when a company acquires assets by issuing debt or equity securities, the first indicator of fair value is the multiple choice question. fair value of the assets received. net present value of assets received. fair value of the debt or equity securities given. book value of the assets received.
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when a company acquires assets by issuing debt or equity securities, the first indicator of fair value is fair value of the debt or equity securities given.
What are Features of debt securities?Debt securities are tradable financial products, which means that buyers and sellers can exchange them on the open market. They have a face value, maturity date, coupon rate, and issue date that are all specified. Debt securities ensure principal repayment as well as regular interest payments.equity instruments. The term "equity" nearly always refers to stocks and a portion of a company's ownership.
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Question 1
Which of the following accurately describes a budget?
O It is what you make in income
O It is the difference between what you make in income and what you borrow in
credit
It is how you spend your money
It is what you make in income and where it goes (how you spend it)
Answers
Budget is what you make in income and where it goes (how you spend it).
What do you mean by budget?An income- and expense-based spending plan is referred to as a budget. In other words, it's an estimation of the amount of money you'll earn and spend over a specific time frame, like a month or a year. (Or, if you're keeping track of the income and expenses for every member of your household, that's a family budget.)
What are the uses of budget?Financial stability is facilitated by a budget. A budget makes it simpler to save for significant expenses like a car or home by keeping track of spending and sticking to a plan. It also makes it easier to pay bills on time and to accumulate an emergency fund. Overall, having a budget helps a person's financial situation, both now and in the future.
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if inflation is 15 percent per year and you receive a 11 percent raise in income, then your: a) real and nominal income both fall. b) real and nominal income both rise. c) real income falls, but nominal income rises. d) real income rises, but nominal income falls.
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If inflation is 15 percent per year and you receive a 11 percent raise in income, then your real income rises, but nominal income falls.
Inflation is the process of an event, not the highs and lows of the price level. That is, the price level that is considered high does not necessarily indicate inflation. Inflation is an indicator to see the level of change and is considered to occur if the process of price increases takes place continuously and influences each other.
The term inflation is also used to mean an increase in the money supply which is sometimes seen as a cause of rising prices. There are many ways to measure the rate of inflation, the two most commonly used are the CPI and the GDP Deflator.
Inflation can be classified into four groups, namely mild, moderate, severe inflation, and hyperinflation. Mild inflation occurs when price increases are below 10% a year; moderate inflation between 10%-30% a year; weight between 30%—100% a year; and hyperinflation or uncontrolled inflation occurs when price increases are above 100% a year. Inflation is measured by calculating the percentage change in a price index.
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a firm which produces replicas of famous paintings of reputed and great artists has as its target customers: socialites, celebrities, and the hospitality industry. what type of market segmentation is used in this case?
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The firm that produces replicas of famous paintings of reputed and great artists has as its target customers which are socialites, celebrities and the hospitality industry is using the type of market segmentation called a benefit segmentation.
What is a market segmentation?In marketing, a market segmentation refers to the marketing strategy that helps to creates subsets of a market based on demographics, needs, priorities, common interests, psychographic data etc to have a better understand the target audience.
Under market segmentation, the benefit segmentation as a branch, involves the categorizing of target audience based on the value they'll receive from your product or service because different customers often seek different value propositions from the same product or service.
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when calculating the total amount of manufacturing overhead to allocate to a particular job, the company would multiply each departmental overhead rate by and then together the allocated amounts from each department.
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The company would multiply each departmental overhead rate by and then together the allocated amounts from each department, the actual amount of the plantwide allocation based used by the job; multiply.
Overhead rate
The overhead rate is a cost that is incurred during the manufacturing of a product or service. Overhead expenditures, such as corporate office costs, are expenses that are not directly tied to production. An overhead rate is utilised to direct production expenses in order to allocate overhead costs by spreading or distributing overhead costs based on specific measures. For example, overhead expenses may be applied at a predetermined rate based on the number of machine or human hours necessary for the product.
Divide the indirect costs by direct costs and then multiply by 100 to get the overhead rate. If your overhead rate is 20%, it signifies that your company spends 20% of its sales on manufacturing or providing services. A reduced overhead rate means greater efficiency and profits.
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the five generic competitive strategies are essentially derived from choices made about multiple choice question. geographic coverage and product mix. market coverage and the type of competitive advantage pursued. pricing strategy and profit margins. marketing strategy and product placement in various competitive situations.
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The fundamental principles of GCS are cost leadership, differentiation, and focus. Next, cost leadership and emphasis are divided into their two categories. An organization may select a strategy to acquire a competitive advantage.
Broad differentiation tactics and overall low-cost providers
Market Coverage: Involvement in a Limited Number of Market Segments
focused tactics for differentiating and keeping costs down
The kind of competitive advantage desired is value creation focused on cost reduction.
* Implementing a Broad Low Cost Provider Strategy as well as Focused Low Cost
Competitive advantage that is most desired is value generation based on differentiating characteristics.
* Broad and focused differentiating tactics
Which of these serves as the objective of competitive strategy?What we desire The primary objective of a competitive strategy is to gain a competitive advantage in the market. The primary tool for assessing an organization's competitive position in the market is Porter's Five Forces Model.
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Dane stores begins the year with $30,000 of dvd inventory. It purchases dvds worth $80,000 during the year. The cost of goods sold for the year is $70,000. What is the amount of ending inventory?.
Answers
The amount of ending inventory is $40,000.
Ending inventory can be defined as the total value of goods you have available for sale at the end of an accounting period, like the end of your fiscal year. Ending inventory is an inventory accounting method that helps retailers benchmark net income, run accurate stock checks, and obtain financing.
The formula of ending inventory, is:
Total cost of goods available for sale - cost of goods sold = ending inventory
Ending inventory = $30,000 +$80,000-$70,000 = $40,000
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you project investment is $185,000 and the project's discounted cash flow is $65,000. what is the project's profitability index? select one: a. 2.15 b. 2.05 c. 1.25 d. 0.35
Answers
According to the solving the profitability index of the given data is = 0.35
What does profitability mean in layman's terms?By contrasting a company's revenue and its outgoing costs, one can assess its profitability. A more efficient business will make more money relative to its costs than a less efficient one, which would have to spend more to make the same amount of money.
What makes profitability index so crucial?An investment's ranking and the best investment to make are determined by the profitability index. PI greater than one denotes that the investment will generate profits since the present value of its expected future cash inflows exceeds its initial investment.
According to the given data:project investment is $185,000
discounted cash flow is $65,000
We know that :
profitability index = Present value/initial value
= 185000/65000
= 0.35
The profitability index of the given data is = 0.35
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manufacturing overhead consists of all a.manufacturing costs other than direct materials. b.manufacturing costs other than direct materials and direct labor. c.costs other than direct materials and direct labor. d.costs other than direct materials.
Answers
Manufacturing overhead includes all production costs other than direct materials and direct labor.
The answer is option B.
Manufacturing overhead is oblique substances, oblique labor, and manufacturing unit overhead.
The costs which aren't directly traceable to every product manufactured are referred to as the producing overhead.
Manufacturing overhead no longer consists of any of the selling or administrative capabilities of a business. thus, the costs of such gadgets as company salaries, audit and legal costs, and horrific money owed are not protected in manufacturing overhead.
Overhead costs are all prices on the income assertion besides for direct exertions, direct substances, and direct fees.
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when managers consider , they think of information systems as a competitive asset to be nurtured and invested in and think of them as an enabler of opportunities and mechanism for supporting or executing their business model. question content area bottom part 1 a. business/it alignment b. value proposition c. organizational learning d. capabilities e. automation
Answers
Option (a) business/ IT alignment is correct.
When managers consider business/ IT alignment, they think of information systems as a competitive asset to be nurtured and invested in and think of them as an enabler of opportunities and mechanism for supporting or executing their business model.
What is business/ IT alignment?In the process of business-IT alignment, an organization employs information technology to accomplish business goals, such as increased financial performance or competitiveness.The fact that it is culturally complex makes it challenging to achieve meaningful IT-business alignment. Hanging value-based posters and encouraging department meet-and-greets may seem like simple ways to improve the culture, but these initiatives rarely work. Instead, achieving alignment calls for planning.In order to satisfy key performance indicators and achieve business transformation goals and objectives, such as enhancing customer service or creating new revenue streams, IT-business alignment makes sure that the organization has access to the correct technology at the right time.Learn more about business-IT alignment here:
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to maintain financial stability, people should know how much credit they can comfortably tolerate. the debt safety ratio is a computation that defines one’s monthly loan repayment burden. it compares loan obligations to income. the formula for the debt safety ratio is: debt safety ratio
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The debt safety ratio is the ratio of monthly consumer debt payments to the monthly take-home pay, expressed as a percentage. Lending institutions such as banks and credit card companies use debt safety ratios and other financial met.
“consumers, with the aid of definition, encompass us all," stated President John F. Kennedy, providing his definition to us Congress on March 15, 1962. This speech became the premise for the creation of global consumer Rights Day, now celebrated on March 15. In his speech: John Fitzgerald Kennedy outlined the crucial obligation to consumers from their respective governments to help work out customers' rights. A client is a person or a group who intends to order, or uses purchased items, merchandise, or services basically for non-public, social, circle of relatives, family, and comparable needs, who isn't always immediately associated with entrepreneurial or business sports. The time period most usually refers to someone who purchases goods and services for personal use.
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frequently, project managers lack legitimate power based upon position and instead resort to persuading others based upon personal relationships. this type of power is known as:
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The type of power based upon position and instead resort to persuading others based upon personal relationships is known as referent power.
Referent power can be defined as a type of power that stems from a leader's ability to inspire and influence others. Referent power comes from the extent to which people respect, admire and like a specific leader.
Four types of referent power, are:
Expert, can be defined as a power derived from knowledge or skill.Referent can be defined as a power derived from a sense of identification others feel toward you.Reward can be defined as a power derived from an ability to reward others.Coercive can be defined as a power derived from fear of punishment by others.Learn more about explicit power here https://brainly.com/question/14786498
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when consumers have favorable emotions toward a sport organization or athlete, sport sponsors want that emotional involvement to the sponsor's brand.
Answers
The statement that "When consumers have favorable emotions toward a sports organization or athlete, sports sponsors want that emotional involvement to the sponsor's brand" is True.
What is the meaning of this statement?This statement simply means that brand sponsors often want fans to transfer the love that they have for a given organization to them. From the words of the text, it is quite evident that the motive of brand sponsors is usually to share the love that the fans have for their favorite organization.
Often sponsors clamor to fund certain sporting activities. They also display their brands as close associates with a particular sporting club.
Fans tend to have a strong love for people who support them and associate with their favorite clubs, so we can conclude that it is true that sports sponsors want the emotional involvement of the fans transferred to the sponsor's brand.
This is a true or false question and the answer to the prompt is True.
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Which of the following courts have jurisdiction to review local bankruptcy claims?
Federal
Military
Local
State
Answers
Federal courts have jurisdiction to review local bankruptcy claims
Only federal courts have jurisdiction over cases concerning bankruptcy on a personal, business, or agricultural level. As a result, no bankruptcy case may be filed in a state court. People or businesses that are unable to pay their obligations have two options: they can file for bankruptcy and request a court-supervised liquidation of their assets, or they can restructure their finances and come up with a strategy to pay off their debts.
Federal courts can only consider things that are specifically permitted by the US Constitution or federal legislation since they only have limited jurisdiction. Only federal courts are qualified to interpret laws, determine their constitutionality, and apply them in particular circumstances.
They decide if a crime was committed and the severity of the punishment. They also provide a calm way for people to resolve personal conflicts that they are unable to resolve on their own. Some disputes or offenses are dealt with in state courts, while others are dealt with in federal courts.
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a manager has been asked to approve a marketing campaign that promotes food products to children and is concerned that the food products are not particularly nutritious, although they are not as bad as the products sold by competitors. the ethical decision-making metric will allow the manager to
Answers
The ethical decision-making metric will allow the manager to Disregard personal ethical considerations in the decision-making process.
In psychology, decision-making (also spelled decision making and decisionmaking) is considered the cognitive method resulting in the choice of a belief or a course of action among many potential various options. It can be either rational or irrational. The decision-making process could be a reasoning process supported by assumptions of the values, preferences, and beliefs of the decision-maker. Every decision-making process produces a final choice, which can or might not prompt action.
Research regarding decision-making is additionally printed below the label problem solving, notably in European psychological research. Decision-making can be regarded as a problem-solving activity yielding an answer deemed to be optimal, or a minimum of satisfactory. it's so a process that may be a lot or less rational or irrational and can be based on explicit or tacit knowledge and beliefs.
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you can go to your nearest hallmark card store and buy a birthday greeting card for a friend and pay $4.50. or you can buy a hallmark card from its new $0.99 line of greeting cards, made with lesser-quality materials but just as sentimental, sold at barnes
Answers
For $4.50, you can get a birthday card for a buddy at the Hallmark store closest to you. Alternatively, you might get a Hallmark card from its brand-new $0.99 line of emotive but lower-quality greeting cards available at Barnes & Noble stores. A Tiffany/Walmart plan like this one.
Hallmark is a privately held firm, not a public one. Where are Hallmark goods produced The majority of Hallmark cards that are sold in the country are made here by company employees at our Lawrence, Kansas, greeting card production facility. an official mark or stamp designating a purity level that is used to identify gold and silver items that have undergone testing by the Goldsmiths' Company of London; plate mark. The level to which a process, product, or service satisfies a certain set of characteristics or requirements is referred to as quality. A collection of inherent qualities and a set of requirements can be compared to assess something's quality.
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a passive activity is any activity that involves a trade or business in which the taxpayer does not materially participate or any rental activity (unless the taxpayer is engaged in a real property trade or business).
Answers
The statement a passive activity is any activity that involves a trade or business in which the taxpayer does not materially participate or any rental activity (unless the taxpayer is engaged in a real property trade or business) is: True.
What is passive activity?Passive activity can be defined as the way in which a person does not participate in the day to day running of a business operation or does not actively engage in the running of a business.
On the other hand non-passive activity is the reverse of passive activity in which a person involve themselves in the running of a business or take part in the running of a business.
Therefore we can conclude that the statement is true.
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The complete question is:
A passive activity is any activity that involves a trade or business in which the taxpayer does not materially participate or any rental activity (unless the taxpayer is engaged in a real property trade or business).
True /False
every year more than 1 million tons of sand and dust blow from chinese drylands and the gobi and increase the rate of desertification in the direction of beijing.
Answers
Every year more than 1 million tons of sand and dust blow from chines' drylands and the Gobi and increase the rate of desertification in the direction of Beijing desert.
What is the primary reason for the Gobi Desert's aridification?Some of the main causes of desertification are deforestation, excessive grazing, and human water consumption.
What effect did the Gobi Desert have on China?The Chinese were kept apart from the rest of the world by these deserts, which served as their borders. However, the Mongols, who were based in the Gobi Desert, frequently attacked Chinese cities in the north. The Great Wall of China was constructed as a defense against these northern invaders for this reason.
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several years ago, minjun, who is single, acquired § 1244 stock in blue corporation at a cost of $60,000. he sells the blue stock for $5,000 in the current year.
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If Minjun acquired § 1244 stock in Blue Corporation at a cost of $60,000 and sells the Blue stock for $5,000 so the ordinary loss of $50,000. In the other side, the capital loss of $5,000.
Stocks are one of the most popular forms of money market instruments today. Shares which are also called securities or stock become securities that state proof of ownership of a company or business entity. Shares can also be interpreted as a sign of capital participation of a person or business entity as a certain party in a company or limited liability company. By including capital, the party has a claim on the company's income, assets, and is entitled to attend the general meeting of shareholders.
Another definition of stock is something of value from a company in the form of a Limited Liability Company or an Issuer that is used to transport shareholders. So, someone who invests by buying shares of a company then he is instinctive to become the owner or officer of the company's shares.
The calculation:
Total loss on the sale = $60,000 - $5,000
Total loss on the sale = $55,000
So, the first $50,000 receives ordinary loss treatment and excess $5,000 is capital loss.
Several years ago, Minjun, who is single, acquired § 1244 stock in Blue Corporation at a cost of $60,000. He sells the Blue stock for $5,000 in the current year. Determine the amount and nature of Minjun's gain or loss recognized this year.
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