On the last day of its current tax year, Buy Rite LLC received $390,000 when it sold a machine it had purchased for $270,000 three years ago to use in its business. At the time of the sale, the basis in the equipment had been reduced to $230,000 due to tax depreciation taken. How much did the members’ self-employment earnings from Buy Rite increase when the equipment was sold? [Hint: See IRC §1402(a)(3).]

Based on the information given, the results show that A.The annual dividend rate in the utility industry is significantly less than the annual dividend rate in the banking industry.

A dividend rate simply means a financial ratio that is important as it shows how much a company pays out in dividends every year relative to the stock price of the company.

In this case,  the 95% confidence interval shows an interval of 1.28 to 6.28 for the difference. This implies that the annual dividend rate in the utilities industry is significantly less than the annual dividend rate in the banking industry.

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a. The relevant income tax and National Insurance Contribution liability are as follows:

                                                     PAYE System   Self-Employed

Income tax (20%)                             (£8,378)                £8,731

National Insurance Contribution      (5,712)                (4,317)

Total income tax and NIC liability  £14,090             £13,048

b. The disposable income after all known deductions under the two options are:

                                                  PAYE System   Self-Employed

Disposable income                       £33,510             £34,924

c. The other allowable deductions will need to be taken into consideration so that Gloria can arrive at the best option.

Data and Calculations:

                                                    PAYE System   Self-Employed

Earnings per year                            £50,000          £50,000

Allowable expenses:

Travel expenses                                (2,400)              (2,028) (£0.39 x 5,200)

Net Earnings                                   £47,600             £47,972

National Insurance Contribution     (5,712)               (4,317)

                                                (£47,600 x 12%)       (£47,972 x 9%)

Taxable income                              £41,888             £43,655

Income tax (20%)                            (£8,378)               £8,731

Disposable income                        £33,510             £34,924

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From the information, it can be inferred that it's an indication of the uncertainty that exists in the Vietnamese cultural model.

From the complete information, Vietnam has low points in the avoidance index. This implies that they're less associated with their cultural roots and don't have concern for hiring white people.

Some of the solutions that can be applied for training the workers include providing them with ethical and language-based training and also encourage a team culture.

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Considering the benefits and importance of insurance, the ten roles of insurance in a business include "security and safety."

Hence, in this case, it is concluded that insurance plays various roles in business.

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Explanation:

D: A welfare program that replaced AFDC in 1996. It eliminated the New Deal era work requirement that many people believed was designed to effectively re-enslave African Americans

The pathway in the Law, Public Safety, and Security cluster that Tasha's job which includes typing all the words said on trial for the record, belongs in is:

According to the given question, we are asked to state the pathway in the Law, Public Safety, and Security cluster that Tasha's job which includes typing all the words said on trial for the record, belongs in.

As a result of this, we can see that Tasha who is a court reporter belongs to the Legal Services pathway in the Law, Public Safety, and Security cluster as she has to record the words said in a trial in the law court.

Therefore, the correct answer is Legal Services

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Answer:

B

Explanation:

Answer:

huh?

what?

is this fReEeE?

Answer:

Today, the Chinese own Armour and the famous Smithfield hams, together with the most quintessential American brand of all: Nathan's Famous hot dogs, with its iconic annual eating contest. ... It remains the largest total acquisition of a U.S. company by the Chinese.

Explanation:

Answer:

1. Total cost (TC) in WIP of Job A-1 is $456.00 2. Completed number of units is 2,675. 3. Equivalent unit (EU) of production for conversion is 34,560 units.

The total cost that should have been recorded in the Work in Process for Job A-1 on March 21 is $499.

Whole cost refers to the total cost of achieving a certain level of output; average or unit cost is calculated by dividing total cost by amount produced.

The total cost includes the Direct material, direct labor, direct Expenses and the indirect costs.

Computation of Total Cost for Job A-1 on May 21:

According to the given information,

Direct Material = $290,

Direct Labor:

[tex]\text{Direct Labor} = \text{Direct LaborHour} \times \text{Direct Labor Hour Rate}\\\\\text{Direct Labor} = 5.5 \times \$15\\\\\text{Direct Labor} = \$82.5[/tex]

Then find the Overhead Cost:

[tex]\text{Overhead Cost} = \text{Direct Labor Hour} \times \text{Overhead Rate Per Hour}\\\\\text{Overhead Cost} =5.5 \times \$23\\\\\text{Overhead Cost} =\$126.5[/tex]

Then the Total Cost is:

[tex]\text{Total Cost}= \text{Direct Material + Direct Labor + Overheads}\\\\\text{Total Cost}= \$290+\$82.2+\$126.5\\\\\text{Total Cost}= \$499[/tex]

Therefore, the Total cost is $499.

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Answer:

D. An increase in the price of a substitute

Explanation:

The law of demand states that as the price of a product of good rises, the quantity demanded for that good or product falls; conversely, if the price of a product or good falls, then the quantity demanded for that good rises.

Given the inverse relationship between the price of a good and the quantity demanded for that good, then its graph will show a downward-sloping demand curve.  

A change in demand represents the leftward- or rightward-shift of the entire demand curve. This may be caused by the following factors:

Substitutes: two similar goods that fulfill about the same needs or wants of the buyers.

Examples of substitute goods:  Coca-Cola and Pepsi, butter and margarine.  

Complements: these are two goods that are consumed together. When the price of one good goes up, the demand for the complement good declines.

Examples of complements: Tennis racket and tennis ball, ink cartridge and printers.

If the price of one good rises, then the buyers will demand more of the substitute good with a lower price. This causes a rightward-shift on the demand curve of that substitute good.      

This description matches Option D:  an increase in the price of a substitute.

The three error types i would be most concerned about is wrong address, misspelled name and wrong name because they could lead to lower credit scores

The error in this context related to credit report errors which can happen while been a high school student.

Based on statistics, the student responded that the error they are most concerned about includes:

Hence, the three error types i would be most concerned about is wrong address, misspelled name and wrong name because they could lead to lower credit scores.

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Answer:

in sum, an employer can terminate an employee for posting about individual gripes, but there can be a fine line between an individual complaint and attempt at concerted activity. Employers should consult with counsel before terminating or disciplining an employee for posting about work-related activity.

Answer:

Cell phone usage while driving is prohibited at any age

Answer:

unless of emergancy

Explanation:

Answer:

People often find it extremely difficult to recognize and document the real problem, partly because they focus on the wrong things, generally symptoms rather than cause, and make incorrect presumptions of how the process works. ... Identify the problem, opportunity or challenge. Define current performance measures.

Explanation:

hope it helps

1.  No, unhealthy employees do not have an incentive to become healthy.

2. The new actuarially fair cost of insurance would be $5000 at the original firm.

3. The actuarial fair cost of insurance for all the workers would be $3000

No,  unhealthy employees do not have an incentive to become healthy. This is due to the fact that the only employer in the city is giving jobs to everyone regardless of their health status. Besides, their health care cost is covered and managed by the employer by the insurance. Therefore, unhealthy employees do not have an incentive to become healthy.

The new actuarially fair cost of insurance can be determined by taking the probability of healthy employees and unhealthy employees with their health costs.

However, provided that all healthy people worked for the new employee, it implies that the original firm comprise of only the unhealthy workers and the new actuarially fair cost of insurance can be computed as follows:

∴

Actuarial Fair cost of insurance = Probability ( Healthy employee × cost of health) +  Probability (unhealthy employee × cost of health)

Actuarial Fair cost of insurance = (0 × $1000) + (1 × $5000)

Actuarial Fair cost of insurance = $5000

Therefore, the new actuarially fair cost of insurance would be $5000 at the original firm.

The actuarial fair cost of insurance for all the workers refers to the total sum of required payoffs for both the healthy employees and unhealthy employees

Actuarial Fair cost of insurance = Probability ( Healthy employee × cost of health) +  Probability (unhealthy employee × cost of health)

Actuarial Fair cost of insurance = [tex]\mathbf{(\dfrac{1}{2} \times \$1000) + (\dfrac{1}{2} \times \$5000)}[/tex]

Actuarial Fair cost of insurance = $500 + $2500

Actuarial Fair cost of insurance = $3000

Therefore, the actuarial fair cost of insurance for all the workers would be $3000

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Answer:

Yessir, Those links GOTTA GO!

Explanation:

Like, explain to me this. You want to find the answer to the question, but when you find the question you need, there’s a link to the answer. People are like: EXCUSE ME?! I Don’t need a link, I NEED an actual ANSWER.

Tell me if it isn’t true.

Answer:

2.)- race, sex, color, religion, or nationality.

Explanation:

:)

Based on the information given the down payment is $52,500.

Using this formula

Down payment=(100%-Approved loan percentage)×Purchase price

Where:

Approved loan percentage=85%

Purchase price=$350,000

Let plug in the formula

Down payment=(100%-85%)×$350,000

Down payment=15%×$350,000

Down payment=$52,500

Inconclusion the down payment is $52,500.

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The preparation of a classified statement of financial position (balance sheet), closing entries, and post-closing trial balance is as follows:

a.  Statement of Financial Position (Balance Sheet)

As of September 30, 2020

Assets:

Current Assets:

Cash                                            $37,400

Inventory                                        4,200

Supplies                                         6,200

Accounts Receivable                   11,000

Prepaid Insurance                        3,900    $62,700

Long-term Assets:

Land                                            70,000

Equipment                                120,000

Accumulated Depreciation      (18,600)

Patent                                        80,000

Other assets                               13,800  $265,200

Total assets                                             $327,900

Liabilities and Equity:

Current Liabilities:

Accounts payable                      42,000

Interest payable                          19,600

Salaries and wages payable      6,000

Unearned rent revenue               4,100    $71,700

Long-term Liabilities:

Mortgage payable (due 2024)                 79,000

Total liabilities                                        $150,700

Equity:

Capital                                     109,700

Retained earnings                   67,500 $177,200

Total liabilities and equity                 $327,900

b) Closing Journal Entries:

Debit Sales revenue $240,500

Credit Statement of Financial Performance $240,500

Debit Statement of Financial Performance $123,500

Credit Cost of goods sold $123,500

Debit Rent revenue $14,400

Credit Statement of Financial Performance $14,400

Debit Expenses:

Depreciation Expense $7,800

Insurance Expense $18,000

Supplies Expense $14,400

Interest Expense $12,000

Salaries and Wages Expense $21,900

Credit Statement of Financial Performance $74,100

Debit Credit Statement of Financial Performance $57,300

Credit Retained Earnings $57,300

c) Post-Closing Trial Balance

Account Titles                                 Debit        Credit

Cash                                            $37,400

Inventory                                        4,200

Supplies                                         6,200

Accounts Receivable                   11,000

Prepaid Insurance                        3,900

Long-term Assets:

Land                                            70,000

Equipment                                120,000

Accumulated Depreciation                         $18,600

Patent                                        80,000

Other assets                               13,800

Accounts payable                                        42,000

Interest payable                                           19,600

Salaries and wages payable                        6,000

Unearned rent revenue                                 4,100

Mortgage payable (due 2024)                  79,000

Capital                                                       109,700

Retained earnings                                     67,500

Totals                                  $327,900  $327,900

Data and Calculations:

Trial Balance

Cash                                            $37,400

Inventory                                        4,200

Supplies                                         6,200

Accounts Receivable                   11,000

Prepaid Insurance                        3,900

Land                                            70,000

Equipment                                120,000

Patent                                         80,000

Other assets                               13,800

Accumulated Depreciation- Equipment $18,600

Cost of goods sold                  123,500

Depreciation Expense                7,800

Insurance Expense                   18,000

Supplies Expense                     14,400

Interest Expense                      12,000

Salaries and Wages Expense 21,900

Accounts payable                                    42,000

Mortgage payable (due 2024)                79,000

Interest payable                                       19,600

Salaries and wages payable                    6,000

Unearned rent revenue                            4,100

Dividends                              4,800

Capital                                                   109,700

Retained earnings, Oct. 1, 2019            15,000

Sales revenue                                    240,500

Rent revenue                                        14,400

Totals                           $548,900   $548,900

Statement of Financial Performance (Income Statement)

For the year ended September 30, 2020

Sales revenue                       $240,500

Cost of goods sold                  123,500

Gross profit                             $117,000

Rent revenue                             14,400

Total income                          $131,400

Expenses:

Depreciation Expense               7,800

Insurance Expense                   18,000

Supplies Expense                     14,400

Interest Expense                      12,000

Salaries and Wages Expense 21,900

Total Expenses                      $74,100

Net Income                           $57,300

Statement of Retained Earnings:

Retained earnings, Oct. 1, 2019  $15,000

Net income                                    57,300

Dividends                                       (4,800)

Retained earnings, Sept. 30,    $67,500

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Using a credit card will increase your personal debt.

Answer: D. Increase

Total production is 100

let the product of second worker be x

then 100+x = 300

x = 200

The marginal product of the second worker is 200

Firms are often involve in different kinds of trade. Freer trade, advances in information technology, and more global customers are pressuring many large global companies to shift from functional structures to geographically based divisionalized structures.

There are great advances in information technology (IT). Firms often get benefits of free trade in IT as they are able to expand their business into other different new areas with less effective charges.

FTA is known to be very good to optimal sharing of resources in the region as it helps to boast the efficiency of economic activities and also increase the stock of a country's technology.

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Based on the information given, in order to report the scholarship, the best option is B. She should enter "SCH" and "1000" on the dotted line next to line 1 of form 1040.

It should be noted that form 1040 is the form that uses by individual taxpayers to file their taxes with the IRS. In this case, it should be noted that scholarship money can either be tax fee or partially free.

From the complete information, Pamelia received a $6,500, unrestricted scholarship, reported to her on Form 1098-T rather than Form W-2. Therefore, since she didn't get a W-2 listing the amount that's taxable, she should write SCH" and "1000" on the dotted line next to line 1 of form 1040.

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Corporate social responsibility (CSR) is the idea that a business has a responsibility to the society that exists around it, according to the online course Sustainable Business Strategy. Firms that embrace corporate social responsibility are typically organized in a manner that empowers them to be and act in a socially responsible way. It’s a form of self-regulation that can be expressed in initiatives or strategies, depending on an organization’s goals. Exactly what “socially responsible” means varies from organization to organization. Firms are often guided by a concept known as the triple bottom line, which dictates that a business should be committed to measuring its social and environmental impact, along with its profits. The adage “profit, people, planet” is often used to summarize the driving force behind the triple bottom line.

Answer:

d

Explanation:

The Corporation business organization generates the most total sales. Option B is correct

Corporations generally generate the most total sales due to their scale and reach. They have the ability to raise funds publicly through the sale of stocks, which allows them to grow and expand more quickly than other types of business organizations.

In addition, corporations are typically larger in size and have greater resources, allowing them to generate higher sales volumes. They often operate across multiple markets and regions, both domestically and internationally, further contributing to their high total sales.

Hence option B corporation generates the most total sales

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The net cash provided by operating activities using the indirect method would be:  c. $50,000.

Net Cash From Operating Activities

Net income $45,000

Depreciation expense $9,000

Decrease in accounts payable ($2,500)

Decrease in inventory $3,000

Increase in accounts receivable ($4,500)

Net cash provided by operating activities $50,000

Inconclusion the net cash provided by operating activities using the indirect method would be: c. $50,000.

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