The firm's ROE is calculated as =18.72%. ROE stands for return on equity.
What is ROE?ROE stands for return on equity, which is a measure of the profitability of business in relation to equity. As shareholder's equity can be calculated by taking all assets and subtracting all liabilities, therefore, ROE can also be thought of as a return on assets minus liabilities.
Given, tax burden is 0.6; Interest burden is 0.8; Margin is 12% = 0.12; Turnover is 2.5 and Leverage is 1.3
As we know, ROE is Tax burden x Interest burden x Margin x Turnover x Leverage
= 0.6 x 0.8 x 0.12 x 2.5 x 1.3
= 0.1872
Now, ROE =18.72%
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lisa, age 45, needed some cash so she withdrew $57,500 from her roth ira. at the time of the distribution, the balance in the roth ira was $200,000. lisa established the roth ira 10 years ago. over the years, she has contributed $21,500 to her account. what amount of the distribution is taxable and subject to early distribution penalty (if any)?.
amount of the distribution is taxable and subject to early distribution penalty is $0
Which of the following statements describes a defined benefit pension plan?The contribution rate is variable, but the retirement benefit is known in advance.
What best describes a defined contribution plan?A defined contribution plan, on the other hand, does not promise a specific amount of benefits at retirement. In these plans, the employee or the employer (or both) contribute to the employee's individual account under the plan, sometimes at a set rate, such as 5 percent of earnings annually.
Which of the following statements characterizes defined benefit plans?Which statement characterizes defined benefit plan? * Defined benefit plans are comparatively simple in construction and raise few accounting issues for employers. Retirement benefits are based on the plan's benefit formula
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if the gdp deflator is 140 in the year that the inflationary gap is identified, and three years later it is 140, does this mean that there has been inflation over the three years? explain.
If the GDP deflator stays constant, prices are also stable, indicating neither inflation nor deflation. Therefore, if the GDP deflator is 140 in the year that the inflationary gap is discovered and 140 three years later, there hasn't been any inflation throughout that time.
If the GDP deflator is higher than 100, the economy has experienced an improvement in the level of prices since the base year. In other words, there has been inflation in the economy.
An economy is said to be in a state of deflation when its GDP deflator is lower than 100. The cost of products and services typically goes down when the economy is in a deflationary state. Since the nominal GDP bases the economic GDP on current prices, it is therefore less than the actual GDP.
Therefore, there has been no inflation over the three years.
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Quarterly taxes are filed:
(1 point)
O every four months.
O by May 15 each year.
O four times a year.
Oon the 25th of each month.
Quarterly taxes are filed: four times a year. Option C
What is meant by quarterly taxes?Four times a year, the IRS receives estimated tax payments known as quarterly taxes. Based on the filer's stated income for the quarter, estimated tax is a quarterly payment of taxes for the entire year.
Independent contractors, small business owners, and freelancers are typically individuals who must pay taxes quarterly. Unlike ordinary employees, they do not have taxes deducted from their salaries on a regular basis.
Any taxable income that is not subject to withholding can have its taxes estimated.
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monopolists are able to set the price for their good. nevertheless, monopolists face a tradeoff in raising price because a higher price.T/F
A monopolist is free to set prices or output quantities, but not both because he faces a downward-sloping demand curve. He can't have a high price and a high sales quantity: if he has a high price, people will buy less. (True)
What is Monopoly?An industry is defined as a group of companies that produce the same good. A monopoly is a market with a single supplier.
Monopoly = A single company in an industry with no close substitutes.
A monopolist is a person or business that has a monopoly. "production by a monopolist is cheapest". A monopolist refers to an individual, company or business that leads and controls the market of a specific product or service.
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10. Amy is excited because she just opened her own consulting firm. Amy loves being her own
boss and not having to consult with anyone else before she makes decisions. Eventually, she
even hopes to incorporate and enjoy some additional tax advantages. The only downside is
that she has invested all the money herself. If the business fails, she could go bankrupt. What
kind of business does Amy own?
A) Sole proprietorship
B Partnership
c) Cooperative
D) Corporation
A sole proprietorship is the kind of business does Amy own. Thus, option 'A' is the correct option.
What is a sole proprietorship?A sole proprietorship is a form of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a lone tradership, individual entrepreneurship, or proprietorship. A solo proprietor may hire staff members and does not always operate alone.
The sole proprietor is solely responsible for all losses and obligations and receives all gains (subject to business-specific taxes). The owner of the firm is the owner of all of the company's assets and is also responsible for all of the company's obligations. In contrast to a partnership, which has at least two owners, it is a "single" proprietorship.
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you are offered a job at xyz corp. a friend emails you an article indicating the company has been funding questionable research that may be causing irreparable damage to a specific ecosystem. you notice in the code of ethics that you will be required to sign a non-disclosure agreement and a statement saying if you leave for any reason, you will be barred from working for a similar company for one year. do you take the job, why or why not?
A friend emails you an article indicating the company has been funding questionable research that may be causing irreparable damage to a specific ecosystem.
What is ecosystem?An ecosystem is a geographic area where plants, animals, and other organisms, as well as weather and landscape, work together to form a bubble of life. Ecosystems contain biotic or living, parts, as well as abiotic factors, or nonliving parts. Biotic factors include plants, animals, and other organisms. Abiotic factors include rocks, temperature, and humidity.Every factor in an ecosystem depends on every other factor, either directly or indirectly. A change in the temperature of an ecosystem will often affect what plants will grow there, for instance. Animals that depend on plants for food and shelter will have to adapt to the changes, move to another ecosystem, or perish.Ecosystems can be very large or very small. Tide pools, the ponds left by the ocean as the tide goes out, are complete, tiny ecosystems.
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jet, inc., has net sales of $712,478 and accounts receivable of $167,435. what are the firm's accounts receivable turnover and days' sales outstanding? round your accounts receivable
The firm's accounts receivables turnover is 4.26 times. The firm's day's sales outstanding is 85.7 days.
What is a receivables turnover?
By analyzing how long it takes to collect the outstanding debt over the course of the accounting period, the accounts receivable turnover ratio, also known as receivables turnover, is used in business accounting to quantify how well businesses are managing the credit that they extend to their customers. Calculations for the accounts receivable turnover ratio will be very different among industries. Larger businesses may also be more willing to extend credit terms since they are less dependent on credit sales. Companies should aim for a ratio of at least 1.0 to ensure they collect the whole amount of average accounts receivable at least once during a period. In general, greater accounts receivable turnover ratio is advantageous.
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what document serves as a title to the goods in question under the document collection payment method?
Under the document collection payment method, a bill of lading acts as the products' legal title.
What is bill of lading?A carrier must provide a shipper with a bill of lading, which lists the kind, quantity, and final destination of the goods being transported.A bill of lading is a contract between a shipper and a carrier, a receipt for shipping goods, and a document of title.The carrier, shipper, and receiver must all have authorized representatives sign this document, which must also be included with the shipping items.A bill of lading can aid in preventing asset theft if it is managed and examined appropriately.It's critical to select the correct bill of lading because there are various varieties.For instance, a logistics company wants to ship gasoline from a factory in Texas (shipper) to a gas station in Arizona using a large vehicle (recipient). After pouring the gas onto the truck, a plant representative and the driver sign the bill of lading.The truck driver requests that the gas station employee sign the agreement once the carrier delivers the fuel to the Arizona gas station.Hence, Under the document collection payment method, a bill of lading acts as the products' legal title.
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bartering is a technique used by advertisers to recapture shoppers who abandoned a web site without making a purchase. t or f
Advertisers utilize bartering as a strategy to re-engage website visitors who left without buying anything. Smart cards can store a user's financial information among other things.
What does it mean to barter?
to transact by exchanging one good or service for another, as in trading one good or service for another. Farmers trading their crops for supplies. negotiated with the proprietor of the store. To trade or exchange through bartering or as though by bartering is a transitive verb.
What kind of exchange would you barter?
A different form of commerce called barter involves exchanging goods and services directly for one another rather than via the use of money. For instance, a farmer might trade a pair of shoes for a bushel of
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What is change management in an organisation and why is it so important?
Answer:
Explanation:
Change management is the process of planning, implementing and monitoring changes in an organization. It's important because it helps ensure that changes are implemented smoothly and without issue.
camila purchased a house for $89,000, spent $56,000 upgrading it, and recently had it appraised at $212,900. the house is being rented to a family for $1,200 per month, the maintenance expenses average $200 per month, and the property taxes are $4,800 per year. if she sells the house she will incur $20,000 in expenses. she is considering converting the house into professional office space. what opportunity cost, if any, should she assign to this property if she has been renting it for the past two years? multiple choice $178,500 $120,000 $185,000 $192,900 $232,900
If she has renting it for the previous two years, the opportunity cost she assigns to this property is $192,900.
What does maintenance mean?1.: the act of keeping someone or something in good shape, such as a: an act of keeping equipment or property in excellent condition by making repairs, resolving problems, etc. Years of poor maintenance have damaged the building. the cost of routine car maintenance.
Briefing:Current value = $212,900
Selling expense = $20,000
Opportunity cost is calculated as Current Value - Selling Cost.
Opportunity cost = $212,900 - $20,000
Opportunity cost = $192,900
If Sue chose to turn this home into a business, she would forfeit a $192,900 opportunity cost.
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Danielle williams is a 29-year-old single taxpayer who changed jobs during the year. When she left her first job, she decided to take a total distribution from the 401(k) plan she had established with her former employer. She then used the proceeds to make a down payment on a new car. In early 2022, she received the following form 1099-r reporting the distribution. Her only other income was from wages, and her 2021 taxable income was $51,350. What will be the amount of the penalty for the early withdrawal from her 401(k) plan, if any?.
Answer:
The penalty for the early withdrawal from Danielle's 401(k) plan would be 10%, which works out to be $5,135.
Explanation:
What did the rejection of the league of nations the higher tariffs imposed by the fordney?
The rejection of the league of nations and the higher tariffs imposed by the fordney Increased isolationism.
During the 1930s, the mix of the good Depression and therefore the memory of tragic losses in war I contributed to pushing yank vox populi and policy toward isolationism. Isolationists advocated nonparticipation in European and Asian conflicts and non-entanglement in international politics. though the u. s. took measures to avoid political and military conflicts across the oceans, it continued to expand economically and defend its interests in Latin America.
The leaders of the isolationist movement thespian upon history to bolster their position. In his Farewell Address, President George Washington advocated non-involvement in European wars and politics. For abundant of the nineteenth century, the expanse of the Atlantic and Pacific Oceans had created its potential for the u. s. to get pleasure from a form of “free security” and stay for the most part detached from recent World conflicts.
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no sooner had ashley johnson, hr manager at northern widget inc., a fictional manufacturing company, started her computer on monday morning when she saw an urgent email from one of the floor supervisors. apparently, an employee had told the supervisor that union organizers had called him at home the previous night. the organizers said that a major campaign to organize northern widget's employees was starting within the next few days; they appealed for the employee's support. ashley knew that the ceo was opposed to union representation for northern widget's employees and that she would be expected to devise and implement a plan to deal with this situation. she knew that wages at northern were slightly below local competing companies; she thought that perhaps a wage increase would help reduce support for the union. however, she didn't know what employees she should target with her efforts. would maintenance engineers, electricians, and supervisors become part of the union's organization effort? she had never experienced a union organizing drive, and she wondered what the union would do to try to organize workers in the plant.
The option that Ashley NOT is permitted to do because it would be an unfair labor practice is to Offer a pay increase if the employees refuse to join the union Option A
What is an unfair labor practice?Any unjust act or omission that occurs between an employer and an employee that involves: The employer's unfair behavior regarding the promotion, demotion, or training of an employee or regarding the distribution of benefits to an employee, is referred to as an unfair labor practice.
Unfair Labor Practices (ULP) are actions taken by unions, employers, or workers that infringe on those parties' rights under the National Labor Relations Act.
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Which of the following is Ashley NOT permitted to do because it would be an unfair labor practice?
A. Offer a pay increase if the employees refuse to join the union
B. Hire an attorney to advise Northern on strategy
C. Require employees to attend meetings explaining why they should vote against the union
D. Ask employees to meet one-on-one with supervisors
A. Offer a pay increase if the employees refuse to join the union
what insurance protects against liability for harm the insured may cause to others as a result of product failure or accidents?
Product liability insurance protects against liability for harm the insured may cause to others as a result of product failure or accidents.
What is insurance?Insurance is a contract between two parties, in which one party agrees to compensate the other party in the event of an unexpected and unforeseen event or loss. Insurance provides financial protection against potential losses, including death, illness, injury, damage to property, and other financial losses. It helps protect individuals, families, and businesses from financial losses due to unexpected events. Insurance is a risk management tool used to protect against potential losses, and it can also provide peace of mind and security. Insurance companies offer a wide variety of insurance policies including health insurance, life insurance, car insurance, homeowners insurance, and more. Insurance policies are typically tailored to the individual or business needs of the insured.
Premiums are paid by the insured to the insurance company in exchange for coverage. In the event of a loss, the insurance company pays the insured or the beneficiary of the policy. Insurance helps to spread the risk of losses among a large group of people, making it easier to absorb the financial burden of an unexpected loss.
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which economic principle does the quote most directly support and which does it most directly contradict?
In a command economy, also known as a planned economy, the government decides which goods and services to produce.
What are Command and mixed economy ?how they are produced and distributed, and how much they cost. The central planner is the government.
The two economic systems are command and mixed economies. The government controls the system in a command economy. A mixed economy is run partly by the government and partly by the free market, which is an economic system with no government intervention and is primarily governed by the law of supply and demand.
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when $1 million is deposited at a bank, the required reserve ratio is 20 percent, and the bank chooses not to hold any excess reserves but instead makes loans, then in the bank's final balance sheet,a.the assets at the bank increase by $200,000.b.reserves increase by $200,000c.the liabilities of the bank increase by $200,000d.all of the above occur
when $1 million is deposited at a bank, the liabilities of the bank increase by $1,000,000.
What are liabilities?In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future. Liabilities in financial accounting need not be legally enforceable; but can be based on equitable obligations or constructive obligations. An equitable obligation is a duty based on ethical or moral considerations. A constructive obligation is an obligation that is implied by a set of circumstances in a particular situation, as opposed to a contractually based obligation.
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leads that meet or exceed screening criteria established by the salesperson or the sales organization are called what?
Finding qualified prospective customers—often referred to as prospects—is a key component of strategic prospecting. When we state a candidate is qualified, we indicate that they have satisfied or beyond the screening requirements.
How do screening techniques work?
A screening technique is a procedure that, with the fewest steps and the least amount of sample modification, extracts, isolates, and identifies a molecule or collection of components in a sample. A screening technique is essentially a straightforward measurement.
What use does screening serve?
Before any symptoms or signs arise, doctors use screens, which are physical examinations, to check for illnesses and other problems. Screenings help to find problems early on, perhaps when they are easier to treat. Getting the necessary screenings is one of the most important things..
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ron is searching for another job where his skills will be best used. lucy is looking for a job where she can make more money to help put her children through college. what is ron's employment status and what is lucy's?
Ron is searching for another job where his skills will be best used. lucy is looking for a job . Both Ron and Lucy are frictionally unemployed.
About Frictional unemployment:
Frictional unemployment is a form of unemployment that reflects the gap between voluntarily leaving one job and finding another. Therefore, it is sometimes called search unemployment, but it also includes the employment gap when moving from one job to another. Smooth unemployment is not necessarily a bad thing.
Frictional unemployment is spontaneous, so it can even be a sign of a healthy economy. This means employees are looking for new jobs and new careers.
Causes of frictional unemployment:Employees take time off to care for loved ones. An employee left an unsatisfactory position in search of a new job. Employees have the financial means to take time off from full-time work. People quit their jobs to pursue higher education.
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the fact that the great smell of baked goods is more powerful when you first enter a bakery than when you have been there for a while is because of
Because of (B) sensory adaptation, the wonderful aroma of baked products is stronger when you first enter a bakery than it is after you have been there for a time.
What are goods with example?Services are tasks carried out for the benefit of the recipients, whereas goods are physical commodities offered to clients. Among the products are clothing, homes goods, and automobiles. In economics, goods are things that satisfy human needs and have value, like a buyer purchasing a nice product. Differentiating between transferable products and non-transferable services is standard procedure.
What are goods in business?Goods are movable, usable objects that can be stored. Businesses produce products, which customers purchase and possess. Computers are one example. food. The supply of fundamental goods and services—those that cater to the needs of the average person objectively—ensures the fulfilment of fundamental rights and promotes human security. Food that is nutritious, clean water, sanitation, healthcare, education, housing, energy, and human security services are all considered basic needs.
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The complete question is:The fact that the great smell of baked goods is more powerful when you first enter a bakery than when you have been there for a while is because of
A) Weber's law.
B) sensory adaptation.
C) subliminal messaging.
D) the just noticeable difference.
E) closure.
If the consumer price index (CPI) in Year X was 300 and the CPI in Year Y was 325, the rate of inflation for Year Y was:
a. 325 percent.
b. 25 percent.
c. 5 percent.
d. 8 percent.
If the consumer price index (CPI) in Year X was 300 and the CPI in Year Y was 325, the rate of inflation for Year Y was: 8%. Option D
What is the consumer price index (CPI)?Generally, The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by consumers for a basket of goods and services.
It is calculated by comparing the cost of a basket of goods and services in a given year to the cost of the same basket in a base year, and then expressing the cost in the base year as an index.
To calculate the rate of inflation, you would subtract the CPI for Year X from the CPI for Year Y, and then divide that number by the CPI for Year X.
Finally, you would multiply the result by 100 to express it as a percentage.
Using this formula, the rate of inflation for Year Y would be:
(325 - 300) / 300 * 100 = 8%
So the correct answer is b. 8%
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using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $55,000. if the balance of the allowance for doubtful accounts is an $11,000 debit before adjustment, what is the balance after adjustment?
$66,000 is the adjusted balance. One method credit card companies employ to estimate a cardholder's finance account is adjusted balance.
One of numerous ways used by credit card companies to determine a cardholder's finance charge is the adjusted balance. The latter is the cost incurred when a cardholder doesn't pay their entire balance by the due date of each month, choosing instead to carry a load from month to month.
The current billing cycle's payments and credits are deducted from the prior balance at the end of the previous billing cycle when determining your financing charge using the adjusted balance method. The adjusted amount does not include any new charges that are accrued during the billing period.
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how is a jingle different from a slogan
Answer:
A jingle is a short tune or phrase that is used to advertise a product or service. It is usually catchy, memorable and includes the product’s name or message. A slogan is a short, memorable phrase that is associated with a product or service. It is used to create an image in the public’s mind of what the product or service is about and is designed to create an emotional connection with the customer.
Explanation:
Answer:
Slogans are often shorter than jingles and do not have a melody.
Explanation:
What were jingles and slogans used for?
Jingles are an element of branding – Just as a brand's logo or tagline are a way to identify a brand with your eyes and ears, jingles are a uniquely identifiable audio clip that draws on consumers' hearing senses to identify your brand.
which of the following statements is prepared using modified accrual accounting? a. general fund balance sheet b. agency fund operating statement c. enterprise fund operating statement d. investment trust fund balance sheet
General fund balance sheet is prepared using modified accrual accounting.
What is meant by balance sheet?An organization's assets and liabilities at a given point in time are described in detail in a balance sheet, which is a financial statement. One of the three essential financial statements, along with the income statement and cash flow statement, which are used to assess a company's performance.An organization's or company's "book value" is expressed in detail in a balance sheet, a financial document.The balance sheet, also known as the Statement of Financial Position, acts as a quick snapshot and offers the most complete view of an organization's financial condition. It gives information on the assets (what the company owns) and liabilities of the company (what is owed).To learn more about balance sheet refer to:
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companies value-to-book and market-to-book ratios may differ due to accounting reasons. an example of an accounting reason that would create a difference is:
Due to accounting considerations, a company's value-to-book and market-to-book ratios may vary.
Briefing:-Investments in successful research and development initiatives that are expensed in accordance with conservative accounting principles are an example of an accounting cause that would make a difference.
Between book value and market value, what is the difference?The net value of a company's assets as shown on its balance sheet is known as book value, and it generally corresponds to the total sum that all shareholders would get in the event of a liquidation of the business. Market value, also known as market capitalization, is a measure of a company's value based on the value of all its outstanding shares on the market.
Which is more significant, book value or market value?The balance sheet is used to determine book value and the share price to determine market value. A stock may be undervalued if book value exceeds market value. If the book value is lower, the stock may be overpriced. When making investment selections, it is best to combine book value with market value.
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a proposed project has a negative npv if it is financed entirely by equity. if the project can sensibly be financed partly by debt and the firm pays tax, will the project remain unacceptable?
A proposed project has a negative NPV if it is financed entirely by equity. If the project can sensibly be financed partly by debt and the firm pays tax using debt will increase the NPV.
Equity in the financial context refers to ownership of assets with underlying obligations such as liabilities. For accounting purposes, equity is calculated by deducting liabilities from the value of assets.
Since this asset class was regulated by the equity legislation that was introduced in England in the late Middle Ages to meet the growing demands of commerce, it is called in English. is "equity". Equity courts deal with contractual rights to property, while common law courts initially deal with title issues.
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what are the arguments that support businesses moving toward a sustainable future? (check all that apply.)
Reduced commercial enterprise costs, extra revolutionary strategies, an progressed reputation, and extra new clients who fee sustainability all paintings to boom the quantity of cash sustainable organizations earn.
The required details about sustainability is mentioned in below paragraph.
Sustainability is typically defined as having 3 dimensions (additionally referred to as pillars): environmental, economic, and social.Many courses nation that the environmental dimension (additionally referred to as "planetary integrity" or "ecological integrity") is the maximum important, and, in ordinary usage, "sustainability" is frequently centered on countering predominant environmental problems, such as weather change, lack of biodiversity, lack of surroundings services, land degradation, and air and water pollution.Humanity is now exceeding several "planetary boundaries".
A intently associated idea is that of sustainable development, and the phrases are frequently used synonymously. However, UNESCO distinguishes the 2 thus: "Sustainability is frequently concept of as a long-time period goal (i.e. a extra sustainable world), while sustainable development refers to the various strategies and pathways to obtain it.
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barry and mary have accumulated over $4.4 million during their 50 years of marriage. they have two children and five grandchildren. how much money can they gift to their children in 2020 without any gift tax liability
The amount, Barry and Mary can give to their children in 2020 without paying the gift tax is $60,000
How to calculate Tax-free gifts?In 2020, you can give gifts up to $15,000 with no tax or reporting requirements.
Tax-free gifts = $15,000 x number of children x number of spouses giving gifts
= $15,000 x 2 x 2
= $60,000
What is the annual gift tax deduction?Annual gift tax deduction include: 2013-2017 ($14,000). 2018-2021 ($15,000). 2022 ($16,000). 2023 ($17,000).
Each year, each person could give another person up to US$15,000 (2020). This could be US$30,000 per year per child from parents without paying taxes or filing a Lifetime Gift Tax Exempt form.
What does the gift tax do?Gift tax applies to all types of gifts. You make a gift when you transfer property (including money), or the use or income of property, without expecting a return of at least equal value.
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1. how much cash is paid to acquire inventory during year 2021? 2. how much cash is paid for operating expenses (excluding depreciation) during year 2021? hint: examine prepaid expenses and wages payable.
To determine the cash paid to suppliers for purchases related to inventory, cost of goods sold (COGS) and accounts payable (AP) from the income statement and balance sheet, respectively, are adjusted for inventory movements.
What is an Operating Expense?Operating expenses are costs incurred by a business as a result of its ongoing operations. Rent, equipment, inventory prices, marketing, payroll, insurance, step charges, & money set aside for R&D are all examples of operating expenses, often known as OPEX. Operating expenses, also known as selling, general, or administrative charges, are what it costs to run a business (SG&A). There are several of them, including rent & utilities, sale & accounting, advertising and marketing and management & administrative salaries.
Why are operating expenses important?Operating costs are important because they may be used to assess how well a company manages its costs and inventory. It highlights the level of expenses a company must incur in order to achieve its main goal, which is to generate revenue. Examples of naturally recurring expenses incurred to operate a business are administrative, selling, or general expenses.
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all decisions pertaining to the management of the hotel should begin with the: select one: a. board of directors b. owner(s) c. manager in consultation with the department heads d. manager e. customers and guests
All decisions involving the hotel's management should start with the clients and visitors.
What is management?Management is the coordination and administration of tasks to achieve a goal. Such administration activities include setting the organization’s strategy and coordinating the efforts of staff to accomplish these objectives through the application of available resources. Management can also refer to the seniority structure of staff members within an organization.To be an effective manager, you’ll need to develop a set of skills, including planning, communication, organization and leadership. You will also need extensive knowledge of the company’s goals and how to direct employees, sales and other operations to accomplish them.“Management” is the process of working with and through others to effectively achieve the goals of the organization, by efficiently using limited resources.To learn more about communication refer to:
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