The simplified method of computing home office expenses limits the number of home office expenses allowed to a fixed amount regardless of the amount of business income or the size of the home office.
How do you calculate home office deductions?A business owner can calculate the home office deduction in two ways: regular and simplified. The regular method would require you to use Form 8829 to calculate your deduction, which would include figures for the area of your home and the total hours it was used for business purposes, your business income, and other business expenses.
If you itemize deductions and use the simplified method for a taxable year, you can deduct home expenses that would otherwise be deductible as itemized deductions on Form 1040 or 1040-SR, Schedule A, without reducing these expenses by the amounts allocable to the simplified method.
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Answer: Depreciation
Explanation: If a taxpayer elects to use the simplified method of determining the home-office deduction, neither depreciation nor any actual expenses other than those not related to the use of the home, may be deducted. (Business expenses not related to the taxpayer’s use of the home continue to be deductible.)
Make-or-Buy Decision
Somerset Computer Company has been purchasing carrying cases for its portable computers at a purchase price of $59 per unit. The company, which is currently
operating below full capacity, charges factory overhead to production at the rate of 43% of direct labor cost. The unit costs to produce comparable carrying cases are
expected to be as follows:
Direct materials
Direct labor
Factory overhead (43% of direct labor)
Total cost per unit
If Somerset Computer Company manufactures the carrying cases, fixed factory overhead costs will not increase and variable factory overhead costs associated with the
cases are expected to be 13% of the direct labor costs.
a. Prepare a differential analysis dated April 30 to determine whether the company should make (Alternative 1) or buy (Alternative 2) the carrying case. If required,
round your answers to two decimal places. If an amount is zero, enter "0".
Differential Analysis
Make Carrying Case (Alt. 1) or Buy Carrying Case (Alt. 2)
April 30
Unit costs:
$25
16
6.88
$47.88
Purchase price
Direct materials
Direct labor
Variable factory overhead
Fixed factory overhead
Buy
Make
Carrying
Carrying
Case
Case
(Alternative 1) (Alternative 2)
0000
100000
Differential
Effects
(Alternative 2)
Make-or-Buy Decision Making the Carrying cases would Be advised, assuming there were no better alternatives for using the extra capacity. Fixed overhead has no Impact on this choice of net income.
Alternative 1:
A. Create a carry case. $41.00
Alternative 2:
Obtain a carrying case $44.00
Alternative 2:
Various effects on net income ($3.00)
Make-or-Buy Decision:
A. Building a Differential Analysis
Differential analysis
Create a carry case. Obtain a carrying case
Alternative 1 & Alternative 2
Alternative 1 Alternative 2 Various effects on net income (Alternative 2)
Sales price
$0.00 $0.00 $0.00
Purchase Price
$0.00 $40.00 ($40.00)
Direct materials
$16.00 $0.00 $16.00
Direct labor
$20.00 $0.00 $20.00
varying manufacturing costs (20*5%=$1.00)
$1.00 $0.00 $1.00
Fixed manufacturing ($5.00-$1.00) $4.00 $4.00 $0.00
Income(Loss)
$41.00 $44.00 ($3.00)
The Company should select Alternative 1, a carrying case, based on net income the aforementioned computation.
The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income.
Therefore, it would Be advised to construct the Carrying cases if there were no better alternative applications for the extra capacity. fixed overhead has No impact on this choice.
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lauren buys groceries every month from walmart and rarely does much research on the products she buys. what is the marketing term for this type of consumer behavior?
Routine response behavior is the marketing term for this type of consumer behavior.
Demographic segmentation is a specific form of target audience identity based totally on data factors like age, gender, marital popularity, family length, income, schooling, race, career, nationality, and/or faith. It's a few of the 4 predominant kinds of advertising segmentation, and possibly the maximum commonly used approach.
Effective segmentation must be measurable, accessible, sizeable, differentiable, and actionable. Whilst an organization has segmented its marketplace therefore, there is a higher threat that it turns into more worthwhile and successful ultimately.
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What do you think were the major equity issues faced by health care workers during the pandemic?
Answer:
f
Explanation:f
Identify the basic internal control guidelines which should be in place to protect a business's cash by selecting the correct answers below.
a. Bills should be paid immediately
b. Handling cash is separate from recordkeeping of cash.
c. Excess cash should be left in the bank to maintain liquidity.
d. Cash payments are made by check.
e. Cash receipts are promptly deposited in a bank
The basic internal control guidelines should be in place to protect a business's cash by selecting the Cash receipts that are promptly deposited in a bank.
When an entity receives money from a consumer, investor, or bank, among other external sources, it records the transaction as a cash receipt. This cash is often recorded when a consumer sends money to reduce the balance of accounts receivable created by a sale transaction.
Businesses can run in a variety of ways, some of which offer goods and services on credit (expecting payment in full later) and others of which demand immediate payment in full upon the sale of an item or service (cash sale). The customer must hand over cash or a check to the company in exchange for the good or service they received, regardless of the form of the sales transaction.
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Ramon took out a car loan with an interest rate of 10 percent and paid $100 in loan application fees. What term describes the amount of interest Ramon will pay?
Answer:
APR
Explanation:
Correct on Odyssey
Vulcan, Inc., has 7.3 percent coupon bonds on the market that have 7 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 9.3 percent, what is the current bond price?
The current bond price of Vulcan Inc. given the coupon payments and par value is $900.35.
What is the current bond price?The current bond price can be found by discounting the coupon payments of the bond and the par value of the bond with the yield to maturity of the bond.
Coupon payments = percent coupon x par price
7.3% x 1000
0.073 x 1000 = $73
Current price of the bond = 73 / (1.093) + 73 / (1.093²) + 73 / (1.093³) + 73 / (1.093^4) + 73 / (1.093^5) + 73 / (1.093^6) + 73 / (1.093^7) + 1000 / (1.093^7) = $900.35
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Imagine you are an entrepreneur in a market economy. You want to connect with potential customers who would benefit from your unique product. What is an example of a unique product in a market economy? What is the role of voluntary exchange, economic utility, and specialization in the transactions you hope to establish to sell this product? Explain each concept and its role.
The role of voluntary exchange in the transaction is to allow for the free exchange of goods or services.
The role of economic utility in the transaction is that consumer satisfaction with a product drives additional sales.
What is the best way to explain Market Economy and Voluntary Exchange?
A market economy is one that is based on capitalism, that is, one in which goods and services are freely exchanged on an open market. The value of the outputs is mostly determined by market interaction between producers and consumers, which is referred to as voluntary exchange. This brings us to one of the most important principles of a market economy: the principle of voluntary exchange.
The Voluntary Exchange Principle in economics is based on consumers and producers acting in their own self-interest; that is, a voluntary exchange between a consumer and a producer makes both parties better off than they were before the exchange.
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Amex Inc. is a worldwide company that specializes in high growth industries. It acts
as a global marketer for small manufacturers of medical products,
telecommunications, products, and data management products. Amex Inc. is an
example of a(n):
business trade union
O export management company
O domestic channel member
commission house broker
O export trading company
If Amex acts as a global marketer for small manufacturers of medical products, telecommunications, products, and data management products. Amex Inc. can be considered as an example of a(n):
A. Export management company
What is an export management company?An export management company can be regarded as a business entity that is charged with the responsibility of marketing the goods and services of manufacturers to importers of foreign origins. This fits the description of Amex Inc. described above.
We can see here that this institution is a global marketer for small manufacturers. It picks the products from the manufacturers and markets the same to importers that are in other countries. Export management companies also have the responsibility of researching the market on an international level and also representing the company in business gatherings.
Such a company as described above ships the product and manages other aspects of the exportation process such as documentation. The export company acts as a sales agent.
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If 100 people in a town of 1,000 people are unemployed, the unemployment rate is 25%.
True
False
FALSE the unemployment rate of the town is not 25%
It is 10%
Given
Unemployed people= 100
Total labor force = 1000
And,
Unemployment Rate = Unemployed / Civilian Labor Force
Therefore,
Unemployment Rate= 100/1000*100
Unemployment Rate= 10%
Thus unemployed rate is not 25%
What is Unemployment Rate?
The proportion of unemployed people in the labor force is known as the unemployment rate. As a result, figuring out who is employed is necessary for calculating the unemployment rate. People who either are working or jobless make up the labor force.
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Kali's the transaction broker for seller Joshua. Joshua is buying a house in St. Louis from
Norman, who's represented by his agent, Marc. To whom does Kali owe fiduciary duties
in this transaction?
Joshua
Marc
No one
Norman
G
Kali owe fiduciary duties in this transaction to no one.
What are fiduciary duties?
A fiduciary duty involves actions taken in the best interests of another person or entity. Fiduciary duty describes the relationship between an attorney and a client or a guardian and a ward. Fiduciary duties include duty of care, loyalty, good faith, confidentiality, prudence, and disclosure.
It has been successfully argued that an employee may have a fiduciary duty of loyalty to an employer.
Fiduciary duty is one of the highest and most respected obligations. Fiduciaries are paid to work. However, they are also tasked with the responsibility of being the eyes and ears of their client, working to secure the client’s desired outcomes without any promise of additional compensation for doing so.
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Disadvantages of gap maps with example
One of the most significant disadvantages of conducting a gap analysis or map is the loss of time and money. Typically, an organization will hire a consultant to conduct the assessment; however, participation takes valuable time away from project participants.
What is a gap analysis or map?A gap analysis is a method of evaluating a business unit's performance to determine whether or not business requirements or targets are being met and, if not, what steps should be taken to meet them.
A gap analysis is also known as a needs analysis, a needs assessment or a need-gap analysis. Performing a skills gap analysis may increase your costs. This is due to the fact that employees frequently stop or interrupt their productivity while participating.
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Which economy allows very little say for individuals and businesses?
Socialist Economy allows very little say for individuals and businesses.
What is Socialist Economy ?
In Socialism, the society, or the government, owns the means of production, and no one is allowed to own private property in excess of a specified amount. As a result, it is government that makes use of these resources for social welfare.
According to Samuelson, “Socialism refers to the government ownership of the means of production, planning by the government and income distribution”.
Main Characteristics of the Socialist Economy:
Collective Ownership: In socialism, the society, or the government, owns the means of production, and no one is allowed to own private property in excess of a set amount. As a result, it is government that makes use of these resources for social welfare.Economic, social, and political equality: Rich and poor are nearly equally distributed under socialism. There is no issue with class conflict.Economic Planning: In a socialist society, the government sets specific goals. Economic planning is a strategy used by the government to accomplish these goals. In the economic planning, several decisions are made pertaining to an economy's main issues. The economy is planned for by the Central Planning Authority.No Competition: There is no fierce competition, in contrast to a capitalist system. As the state is the only business owner, it indicates a lack of competition.The Government's Beneficial Role: In socialism, the government has a big say in how things are decided. Therefore, economic operations like distribution, exchange, consumption, investment, and foreign trade are completely under the jurisdiction of the government.To know more about Socialist Economy refer
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What organizational structure has everything approved by the management?
centralized
divisional
decentralized
functional
In what way the implemented policies of reflects the model if sustainable evelopment
For implemented policies reflects the model of sustainable development when these policies met the necessary prerequisites to achieve balance between economic growth, social inclusion, and environmental protection. Then and only then will can it reflect the model of sustainable development.
As explained above, there are 3 primary pillars vital to the sustainable development model. The first and perhaps most discussed is economic growth for obvious reasons of providing for oneself and one's own family. This is the driving force of past development models. As global warming occurs, and the rapid deterioration of the environment, as well as massive global disasters in the past hundred years; people became increasingly aware of the dangers of not coexisting with nature and other creatures, will only result in their demise or worse.
Social inclusion, the necessity to include everyone to partake in the effort to get together and pursue sustainable development so that everyone could benefit. At this point, people realized that trying to save the environment and prevent global disasters require not just a handful of people, but the entire population of the planet. Social inclusion aims to educate and help others be aware of the dangers, working together to solve the crisis facing humanity, should there be no changes in the way the population of the planet consumes products, food, and create dangerous waste.
From then on, environmental protection became critical in saving the planet's ever-dwindling resources, wildlife from extinction, and damaging the environment from toxic products and wastes. The necessity to protect the planet from over-harvesting, over-exertion of humanity's capacity over the planet's other wildlife and ecosystems, and to preserve what's left for future generations; became the number one priority of nations around the world as scientists sound the alarm on the approaching yet preventable apocalypse.
In essence, the future is no longer just about exhausting non-renewable resources, piling up the planet with pollution, and leaving poorer countries to fend for themselves. Instead, the whole idea of the model of sustainable development relies on every single person to do their bid and help create sustainable development that would be able to support economic growth, yet controlling the amount of waste and finding means of creating less harm for the planet, and minimizing the environmental impacts in the hope of nurturing nature to be able to support flourishing wildlife once again; all of which would help future generations to survive and flourish.
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Settlement discount granted to creditworthy customers with a record of paying within terms in ifrs 15
Settlement discount is a disc-ount for prompt payment of invoice by the cust-omer. Let's say you sell some-thing for 1 000 on 30 day credit and you offer 3 % off if a cust-omer pays with in 10 days. Those 3% – or 30 in this case – is a settle-ment discount.
Both IFRS and ASPE account for discounts in a similar man-ner: discounts should be netted from Revenue amo-unts. They are not consi-dered Expenses, and should not be included in that cate-gory. So when we calc-ulate our Revenue figure, we should always deduct any sales disc-ount from this figure.
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An agent open house can be especially significant for a property that?
a. Has just had the price reduced.
b. Is in an area where few homes are for sale.
c. Has unusual features or amenities.
d. Is overpriced.
c) Features or amenities that are unique.
Which facilities are essential?
Amenities include things like a clubhouse, swimming pools, a gym, and so on. that make apartments more appealing to renters. They contribute an extraordinary arrangement to the delight and happiness regarding the inhabitants/homebuyers.
What are seven-star amenities?
Seven-star hotels have the following distinctive features: a private check-in, a private luxury limousine, rare and discrete opulent decorations, a personal butler, an unshared pool, and possibly other luxuries that will linger in the customer's memory forever. Private transfers are also available to all guests at seven-star hotels.
What are the three most important features?
A toilet, personal washing facilities, or cooking facilities are considered basic amenities.
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Robin Hood was an excellent archer and was the owner of Straight Shot Archery, Incorporated. The Merryman Annual Archery Tournament was taking place in three months. Little John wanted to compete in the tournament, however, he wanted to improve his skills with the bow and arrow and decided he was going to take a few lessons at Straight Shot Archery. Robin agreed to provide Little John 15 lessons for $2,500 beginning on June 1. On May 25, Little John realized that he would not have enough money, so he transferred his right under the agreement to Sheriff Nottingham, who had never used a bow or arrow before. Sheriff Nottingham notifies Robin that the contract had been assigned to him and demands that Robin Hood provide him with the lessons for $2,500.
Is Robin Hood required to perform on the contract? Assume that Robin Hood agreed to the assignment of providing lessons to Sheriff Nottingham and then fails to perform on the contract. Sheriff Nottingham sued Robin Hood for damages. Is Robin Hood liable on the contract?
In this scenario, Robin Hood agreed to provide 15 archery lessons to Little John for $2,500 beginning on June 1. However, before the lessons began, Little John assigned his right under the agreement to Sheriff Nottingham.
What is the story of Robin Hood's archery?According to legend, Robin of Locksley is taking part in an archery competition where the winner will receive a golden arrow. The final shot from his rival finds the target. Taking a step forward for his final shot, Robin also strikes the bulls-eye, splitting the other player's arrow that was already on the target.
Generally speaking, the assignment of a contract involves the transfer of one party's rights and obligations under the contract to another party. If the contract allows for assignment, and the assignment is valid, the assignee (in this case, Sheriff Nottingham) steps into the shoes of the original party (Little John) and assumes all of their rights and obligations under the contract.
Therefore, if the contract between Robin Hood and Little John allowed for assignment, and Little John's assignment to Sheriff Nottingham was valid, then Sheriff Nottingham would have the right to receive the 15 archery lessons in exchange for the $2,500 payment.
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ime Left:3:59:00
Sylvia Puzon: Attempt 1
Question 1 (1 point)
The decision maker's interests, values, and similar personal preferences are important
when engaging in the _________ step of the rational decision-making model.
analyzing the alternatives
defining the problem
identifying the decision criteria
weighing the evidence
When engaging in the analyzing the alternatives step of the rational decision-making model. A decision-making model defines how a group will make decisions. The most critical aspect of successful decision-making is that every team member understands how a specific decision will be made.
The four decision-making models differ in terms of how experienced or driven a decision maker is to make a choice (rational, bounded rationality, intuitive, and creative). Choosing the analyzing strategy will increase your productivity and capacity to perform all P-O-L-C functions. A vote or consensus on a course of action would be far more suitable. Use the Consult technique to make effective, educated conclusions while also gathering ideas and support without delaying decision making.
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If you wanted to ensure that you were able to receive the lowest premium rate for your homeowner's insurance, which of the following would not help your rate?
Answer: swimming pool
Explanation:
Answer:
Here are some ways to save on car insurance1
Increase your deductible.
Check for discounts you qualify for.
Compare auto insurance quotes.
Maintain a good driving record.
Participate in a safe driving program.
Take a defensive driving course.
Explore payment options.
Improve your credit score.
More items...
Explanation:
Why is it important to remove any emotional feelings when composing an e-mail? Explain using support from the chapter.
The removal of emotional feelings would be helpful because you woul be able to communicate your thoughts better and also use the language that is more appropriate in your speech.
Why a person has to write a mail in the best wayMisunderstandings, strained relationships, and subpar business decisions may result from this. We should be conscious that emails can have a "tone" given that many of us must communicate via email and text. People will recall an email's emotional tone more clearly and for a longer period of time than its actual content.
Never send an email while feeling particularly emotional. Take a deep breath, then send it. Better yet, pick up the phone and have a straightforward conversation.
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Private bargaining would be ineffective in a situation where:
Select one:
a. Property ownership is clearly defined
b. there are large number of affected parties
c. Bargaining costs are negligible
d. firms fear being sued
e. The number of people involved is small
Private bargaining would be ineffective in a situation where there is a large number of affected parties. Thus, option 'B' is the correct option.
What is Private bargaining?Private bargaining refers to a conversation between two private parties regarding what to do when one side is contributing to NE that is harming the other party.
According to the Coase Theorem, where there is a dispute between property rights, the parties concerned can bargain or negotiate terms that fully represent the actual costs and underlying values of the relevant property rights, leading to the most efficient conclusion.
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Can I get the answer and explanation to attached question please?
The value of the holdings of Megahurtz International Car Rentals at year end is CA$176,923.08
The value of the holdings if the real went up against the dollar is $266, 667. 67.
How to find the value of the holdings?The exchange rate before the real declined was:
= 270,000 / 200, 000
= 1.35 real per dollar
The new exchange rate after the Real declined was:
= 1.35 x 1.3
= 1.755 Real per dollar
The value of the holdings at year end in Real will therefore be:
= 270, 000 x 1.15
= 310, 500 Real
In Canadian dollar this is:
= 310, 500 / 1.755
= CA$176,923.08
The new exchange rate as a result of the Real increasing in value is:
= 1.35 x (1 - 16% increase in value)
= 1.134 Real per dollar
The value of the holdings at year end would therefore be:
= 270,000 x (1 + 12% earning)
= 302, 400 Reals
In Canadian Dollar this is:
= 302, 400 / 1.134
= CA$266, 666. 67
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PLEASE HURRY
1. What are the 3 parts of the Federal Reserve?
2. How many Board of Governors are there?
3. How many District/Reserve Banks are there?
4. Which Reserve Bank President always gets a vote with the FOMC (hint: which city)?
5. How many votes are there in the FOMC, the group that takes action on the nation's money supply?
6. What is the long term goal of the Federal Reserve (hint: discussed at the research department)
7. How do banks get money so that it can be lended out to businesses and consumers?
which of the following accounts will be closed by debiting the income summary account
Among the given accounts, the one that will be closed by debiting the income summary account is the Depreciation Expense. The Option A is correct.
What is an Income Summary Account?In accounting, an Income Summary Account refers to a temporary account used as part of the closing process. Before closing to retained earnings, the account should have a balance equivalent to the net income of the company for the period.
In this account, the net amount transferred into the income summary account equals the net profit or net loss that the business incurred during the period. So, shifting the revenue out of the income statement means debiting the revenue account for the total amount of revenue recorded in the period and crediting the income summary account.
Missing options "A. Depreciation Expense b. Accounts Payable c. Service Revenue d. Accumulated Depreciation
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8. The Russian rouble (RUB) traded at RUB 29.00/US$ on 2nd January 2009. On 11th December 2010, its value had fallen to RUB 31.45/US$. What was the percentage change in its value?
The percentage change in the value of the Russian rouble is -8.44%.
What is the percentage change?Exchange rate is the rate at which one unit of one currency would buy another currency. In this question, $1 would be 29 RUB on 2nd January 2009. Between 2009 and 2010, the Russian rouble has depreciated against the dollar because more RUB can be bought with the same unit of dollar.
Percentage is the rate of an amount expressed as a number out of 100, The sign that represents percentage is %.
Percentage change in value = -(value in 2010 / value in 2009) - 1
-(31.45 / 29) - 1 = -0.08448 = -8.44%
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you have Rs.42180.53 in a brokerage account,And you plan to deposits An additional Rs 5000 at the end of every future year until your account totals Rs 250000.you expect to earn 12% annually on the account . how many years will it take to reach your goal?
It will take 15 years 10 months to reach the goal.
An ordi-nary annuity is an annuity in whi-ch the cash flows, or pay-ments, occur at the end of the period.
Solution :
The Fixed depo-sits are in the form of an ordinary annuity.
The Fut-ure Value of this Ordinary Ann-uity must be $207,819.47 ($250,000 - $42,180.53)
Thus find num-ber of years that the fixed dep-osits would amount to $207,819.47.
Using a Fina-ncial Calculator enter the follow-ing data to calculate the period, N.
PMT = $5,000
P/yr = 1
r = 12 %
FV = $207,819.47
N = ?
Thus the number of years, N it takes to to reach your goal is 15.7921 or 15 years 10 months.
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What type of interest rates will a person with a credit score in the low to below 600 range be offered for a loan?
A. zero interest rates
B. will never get a loan
C. relatively low interest rates
D. relatively high interest rates
Zero interest rates of interest rates will a person with a credit score in the low to below 600 range be offered for a loan. A zero interest rate policy (ZIRP) is when a central bank sets its short-term interest rate objective at or near zero.
The purpose is to stimulate economic activity by encouraging low-cost borrowing and increased access to low-cost credit loan for businesses and individuals. Zero percent financing is normally reserved for borrowers with exceptional credit, which is defined as a credit score of 800 or higher. Before you begin looking for vehicle finance, you should review your credit reports on your own. There are never any interest charges during the introductory period.
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Which of the following processes could be considered an acceptable method for generating ideas?
a. Conducting consumer research
b. Brainstorming within the firm
c. Researching competitors' products and services
d. Communicating with a firm's R&D department
The process by which an innovation's use spreads throughout a market group over time and among various categories of adopters is known as diffusion of innovation.
Typically, when businesses decide to develop new products, the process is lengthy and divided into stages?
There are four stages in a product's life cycle: introduction, growth, maturity, and decline. A product is just an idea, and in today's business world, it won't get any further unless it goes through research and development (R&D) and is found to be possible and potentially profitable.
Even though it varies by industry, it can be roughly divided into six stages: costing, sourcing, ideation, research, planning, prototyping, and sourcing. What to think about at each stage as you develop your own original product idea can be found here.
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kyle is an insured who disregarded an accident and health insurance policy provision that requires him to seek a second surgical opinion. what will the end result be
The end result would be that he may be reimbursed for the surgical procedure at a reduced benefit level.
Patients are required to seek a second medical opinion after a doctor has advised them to undergo non-emergency or elective surgery, according to the second surgical provision opinion rule. Programs may be optional or required in that participants will not receive full reimbursement if they do not get the second opinion.
The provisions that deal with the policyholder's obligations include demands that they report a claim to the insurer within 20 days of a loss, provide evidence of the size of that loss, and update beneficiary information when things change.
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To resize a whole image and keep the scale or aspect ratio, what is the correct procedure?
Use the drag option on the sides of the image.
Use the crop function and drag the sides to the desired effect.
Use the drag option on the corners of the image.
Use the crop function and drag the corners to the desired effect.
To resize a whole image and keep the scale or aspect ratio, the correct procedure is : C. Use the drag option on the corners of the image.
What is image resize?Image resize can be defined as the process of changing an image size from the current size the image was into another size.
To change an image size and to keep the scale ratio of the image the best thing to do is to make use of the drag option and this drag option can be found at the corners of the image and then use the drag option to resize the image to any size of your choice.
Therefore the correct option is C.
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Answer:c
Explanation: