alison and bert crane are a married couple with no dependents residing in state a. alison crane works in state a exclusively. bert crane is a repair specialist, performing 60% of his work in state a and 40% in state b. the cranes plan to retire next year and move to state c. state a has a personal income tax on all wages, including related pension benefits, earned within state a. state b has a personal income tax on all wages, excluding related pension benefits, earned within state b. both states a and b have the same tax rate and give a credit for taxes paid to another state for taxes paid on income earned in that state up to the amount of their tax rates. state c has no personal income tax, financing government operations through property taxes and corporate income taxes. which of the following statements are correct? i. bert crane will owe income taxes on 100% of his repair income to state a and on 40% of his repair income to state b. ii. the cranes will owe income taxes on a portion of their pension benefits to state a, even after moving to state c.
Answers
Based on the information provided, the correct statements are as follows.
The correct statements are-
I. Bert Crane will owe income taxes on 60% of his repair income to State A and on 40% of his repair income to State B. This is because he performs 60% of his work in State A and 40% in State B, and both states tax wages earned within their borders.
II. The Cranes will owe income taxes on a portion of their pension benefits to State A, even after moving to State C. This is because State A taxes pension benefits related to wages earned within the state, and Alison Crane worked exclusively in State A.
To summarize:
1. Bert owes taxes to State A for 60% of his repair income and to State B for 40% of his repair income.
2. The Cranes will owe taxes on their pension benefits to State A after moving to State C due to Alison's work history in State A.
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Related Questions
Reuter has signed a $250,000 note payable with the following terms on May 1,2020 . The note bears interest of 5% and is repayable in equal bi-weekly payments over 5 years. Compute the bi-weekly payment and the amount of interest expense incurred for the 12 months ended April 30, 2021.
Answers
The bi-weekly payment for the $250,000 note payable is $2,403.85. The amount of interest expense incurred for the 12 months ended April 30, 2021, is $750,000.
To compute the bi-weekly payment and the amount of interest expense incurred for the 12 months ended April 30, 2021, we need to calculate the total interest payable over the 5-year period and then divide it by the number of bi-weekly payments.
Step 1: Calculate the total interest payable:
Principal amount = $250,000
Interest rate = 5% per annum
Number of years = 5
Total interest payable = Principal amount * Interest rate * Number of years
= $250,000 * 0.05 * 5
= $62,500
Step 2: Calculate the number of bi-weekly payments in a year:
Since there are 52 weeks in a year, and bi-weekly payments occur every two weeks, the number of bi-weekly payments in a year is 52/2 = 26.
Step 3: Calculate the bi-weekly payment:
Bi-weekly payment = Total interest payable / Number of bi-weekly payments in a year
= $62,500 / 26
= $2,403.85 (rounded to two decimal places)
Step 4: Calculate the interest expense for the 12 months ended April 30, 2021:
Since there are 26 bi-weekly payments in a year, the number of payments for 12 months is 26 * 12 = 312.
Interest expense = Bi-weekly payment * Number of payments for 12 months
= $2,403.85 * 312
= $750,000
Therefore, the bi-weekly payment is $2,403.85, and the amount of interest expense incurred for the 12 months ended April 30, 2021, is $750,000.
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Is Mark Zuckerburg a robot? cuz he sure looks like one
Answers
Answer:
he is lol
Explanation:
Answer:
hell yea i agree the dude's hella sus
If a person spends $10 a week on coffee (assume $500 a year), what would be the future value of that amount over 10 years if the funds were deposited in an account earning 3 percent? Use
Answers
The cost of interest is only calculated once a year with annual compounding. This is a unique situation because the claimed yearly percentage rate and the actual annual rate are the same.
What is future value?A financial concept known as future value (FV) assigns a value to an asset based on anticipated factors like future interest rates or cashflows.
We can use the following formula to compute the future value of an annuity with periodic payment M for T periods, given periodic return r :
= M((1+r)^{T} −1) / r
Applying the formula, the future value after 10 years is:
= 500(1+3 % )^{10} - 1 / 3%
= 5,731.94
Therefore, The future value is 5,731.94.
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The most common time frame individuals use when developing a budget is _____. A) Yearly B) Monthly C) Daily D) Weeklyeco
Answers
Answer:
Monthly
Explanation:
Suppose the board of Nathan Corporation decided to do the share repurchase in problem 1-part b, but you, as an investor, would have preferred to receive a dividend payment. How can you leave yourself in the same position as if the board has elected to make the dividend payment instead
Answers
Answer:
If we sell 0.5 / 15 of one share we will receive $0.50 and the remaining shares will worth $14.50. This will be the same position as if the firm had paid a dividend.
Explanation:
Nathan Corporation is deciding to whether to repurchase shares. It is a decision made by company and its management to boost value of its stock. If the board makes a decision to make dividend payment then we will receive $0.50 per share. The share price total will be $14.50 which is same whether we receive dividend or not.
please help
Why is engaging communication a two-way process?
Answers
Answer:
Two-way communication allows both participants to exchange ideas, they can develop a sense of mutual understanding. The result is a better relationship between them. Increase effectiveness
Effective communication depends on the proper understanding of the message by the sender and receiver.
Explanation:
Hope you can helpIf someone gets their health insurance through Medicaid, that means what
Answers
Answer:
that means they are poor (or have low income since medicare is for families who cant afford doctors)
hope this helps!
please follow if you can<3
Being able to make decisions effectively can make a worker more independent.
Please select the best answer from the choices provided
T
F
Answers
Answer: True
Explanation:
When we are able to make decisions effectively, this can make a worker more independent. This is true.
It should be noted that when one makes decisions effectively, ones confidence is enhanced and one believes more in himself or herself.
When this occurs, as individuals, we trust ourselves and our abilities to make the right decisions which ultimately make us more independent.
Answer:
True
Explanation:
Just took the quiz
the question I have is on the sheet
Answers
Answer:
I think it's first one tooo
Assume the $11,856 Treasury bill, 5% for 15 weeks. Calculate the effective rate of interest. (Use calendar year. Round your answer to the nearest hundredth percent.)
Answers
To calculate the effective rate of interest on an\($11,856\) Treasury bill with a \(5% \\\)nominal rate for 15 weeks, follow these steps:
1. Convert the nominal rate to a decimal:\(5% ÷ 100 = 0.05\)
2. Calculate the interest earned for 15 weeks: Interest = Principal x Rate x (Time ÷ 52 weeks)
Interest =\($11,856 x 0.05 x (15 ÷ 52) ≈ $136.84\)
3. Calculate the maturity value: Maturity Value = Principal + Interest
Maturity Value \(= $11,856 + $136.84 ≈ $11,992.84\)
4. Calculate the effective annual rate using the formula: \((Maturity Value ÷ Principal)^(52 ÷ Time) - 1\)
Effective Annual Rate\(= ($11,992.84 ÷ $11,856)^(52 ÷ 15) - 1 ≈ 0.1261\)
5. Convert the decimal to a percentage and round to the nearest hundredth percent:\(0.1261 x 100 ≈ 12.61%\)
The effective rate of interest for this Treasury bill is approximately\(12.61%.\)
\(5% ÷ 100 = 0.05\)
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how does accounting help allocate resources efficiently?
Answers
Accounting helps the capital allocation process by measuring the effectiveness of the use of resources. It also enables investors and creditors to compare the income and assets of companies and thus assess the relative risks and returns.
What is accounting?Accounting is the processor keeping the accounting books of the financial transactions of the company. The accountants summarize the transactions in the form of journal entries. These entries are used in bookkeeping. The books of accounts are prepared by the accountants as per the regulation of the auditors and various regulating bodies.
The accountants might follow the Generally Accepted Accounting Principles (GAAP) or the IFRS (International Financial Reporting Standards) principles.
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Although using a multi-car insurance policy can be a great way to reduce premium costs, when does bundling actually increase rates?
PLz help will mark brainlies
A. None of these
B. After Jack and Diane finally got married, they bundled their automobile insurance policies and moved into a small town far from the city
C. Adding a 17-year-old driver to the account that has 3 points issued by the State of New Jersey
D. Taking off a 20-year-old driver on the policy that began college in New York City and has less need for a vehicle
Answers
Answer:
I believe it's C.
Explanation:
Insurance policies usually have a higher cost for Young drivers because they are seen as more of a risk so this would be the option where the cost would increase by bundling
B. seems like it would save money or at least just keep the same rates
D. seems like it would decrease rates
hope this helps and if im wrong comment <3
The bundling rate will increase when a 17-year-old driver is added to the account that has 3 points which are issued by the State of New Jersey.
An insurance is a protection against a financial loss. A multi-car insurance policy is a policy whereby different vehicles are covered under one insurance policy.
Under the multi-car insurance policy, there is a discount gotten for every car that's added. Despite this, adding a 17 year old driver to the account is a high risk and this will be taken into consideration by the insurance company.
It should be noted that getting married and taking off the 20 year old driver will not increase the rates.
Therefore, due to the addition of the 17 year old, there may be an increase in rate.
In conclusion, the correct option is C.
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A/an ____ appraisal is conducted as part of the day-to-day working relationship between a manager and an employee.spontaneousinformal
Answers
An informal appraisal is conducted as part of the day-to-day working relationship between a manager and an employee. This type of appraisal is typically less structured and less formal than a traditional appraisal. The purpose of an informal appraisal is to provide feedback to the employee on their performance, highlight areas where they are excelling, and identify areas where they may need improvement.
In an informal appraisal, the manager may provide feedback on the employee's performance during regular meetings or check-ins. This could include discussing specific projects or tasks that the employee has worked on and providing feedback on their performance. The manager may also ask for the employee's input and feedback on their own performance, and work together to identify areas where improvements could be made.
Informal appraisals are a valuable tool for managers to provide ongoing feedback and support to their employees. They help to create a culture of open communication and collaboration, where employees feel valued and supported. However, it is important to note that informal appraisals should not replace formal performance reviews. Formal appraisals provide a more structured and comprehensive evaluation of an employee's performance, and should be conducted at least once a year.
In conclusion, an informal appraisal is an important part of the day-to-day working relationship between a manager and an employee. It provides an opportunity for ongoing feedback and support, and helps to create a culture of open communication and collaboration. However, it should be used in conjunction with formal appraisals to provide a comprehensive evaluation of an employee's performance.
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Entrepreneurial mind frame permits the entrepreneur to see things in a very positive and optimistic light.True or false?
Answers
When an entrepreneur has a very positive and optimistic vision, he adjusts to the entrepreneurial mental framework (True)
The entrepreneurial mind frame is a term that refers to the human way of thinking that takes any situation in a very positive and optimistic way.
This mentality is characterized by seeing the positive factors in difficult situations or crises. On the other hand, it is a mind frame that allows the individual to take advantage of negative situations to devise innovative solutions.
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The class trip is going to cost each of the fifty
students $130.00. If tax is 5%, what is the total
cost for the entire class?
Answers
Answer:
$6,825.00
Explanation:
50x$130=$6,500.00
$6,500 × 5% = $325.00
$325.+$6,500=6,825.00
Apple is evaluating an investment opportunity in Colorado that is currently being promoted by US government. The project requires initial investment of $4.5 million. If the net cash flow at the end of the first year is $1.5 million (project is successful), the net cash flows will be $2.5 million per annum in perpetuity. The likelihood of the project being successful is 40%. If the net cash flow at the end of first year is $0.8 million (project is unsuccessful) the net cash flows will be $0.5 million per annum in perpetuity.
To encourage investment in Colorado, the US government is offering the company the ability to exit the operation at the end of the first year the government will buy the entire project (assets etc.) for $6 million. The appropriate risk-adjusted discount rate for Apple is 12.5% per annum.
a. Calculate the net present value for the project with the option. If Great Art Inc took the project (with the option), would it exercise the option at the end of the first year of the project? Why or why not? Show detailed workings.
b. What is value of the real option that is being offered by the Commonwealth government? Show detailed workings.
Answers
The net present value (NPV) for the project with the option is $0.08 million, and the value of the real option being offered by the US government is $1.5 million.
The net present value (NPV) for the project with the option is $0.08 million. If Apple took the project with the option, it would not exercise the option at the end of the first year because the NPV of the project without exercising the option is higher. The value of the real option being offered by the US government is $1.5 million. This represents the potential value gained by having the option to exit the operation at the end of the first year and sell the project to the government.
To calculate the NPV of the project with the option, we need to consider the cash flows under both scenarios: successful and unsuccessful.
Under the successful scenario, the net cash flow at the end of the first year is $1.5 million, and the net cash flows in perpetuity are $2.5 million per year. We discount these cash flows using the risk-adjusted discount rate of 12.5% to calculate the present value of the cash flows.
Under the unsuccessful scenario, the net cash flow at the end of the first year is $0.8 million, and the net cash flows in perpetuity are $0.5 million per year. Again, we discount these cash flows to calculate their present value.
We then multiply the present values of the cash flows under each scenario by their respective probabilities (40% for successful and 60% for unsuccessful) and sum them to obtain the NPV of the project with the option.
The value of the real option being offered by the US government is calculated as the difference between the NPV of the project with the option and the NPV of the project without exercising the option.
Based on the calculations, the NPV of the project with the option is positive ($0.08 million), indicating a potential profit. However, it is lower than the NPV of the project without exercising the option, suggesting that it would be more beneficial for Apple to continue the project rather than sell it to the government. The value of the real option offered by the government is $1.5 million, which represents the potential value gained by having the option to exit the operation at a higher price than the initial investment.
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the united states and the european union impose price floors on many agricultural products. these price floors lead to unwanted surpluses. to deal with a surplus: question 6 options: a) the u.s. government typically pays farmers to produce as much as possible. b) the european union pays farm exporters to sell products for a profit overseas. c) the u.s. government in some cases has destroyed the surplus production. d) the u.s. government holds auctions to sell the surplus to the highest bidder.
Answers
To deal with a surplus the European union pays farm exporters to sell products for a profit overseas. A sum that is greater than what is required.
A surplus of sth The plant possessed an abundance of components. ACCOUNTING AND ECONOMICS the amount of money left over after products selling more than you acquire or spending less than you receive: The savings will result in a little more than $24 million surplus. When you have more of anything than you need or intend to utilise, you have a surplus. For example, if you cook a meal and there is food left over after everyone has eaten, you have an excess of food.
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TPlus is a fictional Canadian company manufacturing training shoes. TPlus wants to reduce its production costs and thus increase its profitability. Based on these business objectives, what should the measurement criteria be between the company and a supplier of training shoe components (laces, synthetic soles and leather uppers) located in India? think of your organization or an organization with which you are familiar. Assess this organization's commitment to treating partners like customers by examining the communication plan for existing and prospective partners.
Answers
The measurement criteria between TPlus and its supplier in India should be based on the organization's commitment to treating partners like customers, which can be assessed by examining the communication plan for existing and prospective partners.
In order to reduce production costs and increase profitability, TPlus needs to establish a strong and collaborative relationship with its supplier in India. This can be achieved by treating the supplier as a valued customer and ensuring effective communication channels are in place. The communication plan should outline clear objectives, expectations, and performance indicators for the supplier. It should facilitate open and transparent communication, addressing any concerns or issues promptly. By prioritizing effective communication and treating the supplier as a valued partner, TPlus can foster a mutually beneficial relationship that supports its business objectives.
Therefore, the measurement criteria should assess the organization's commitment to treating partners like customers through the evaluation of its communication plan.
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Todd, a travel agent, lost his job due to no need for his skill. This is an
example of what type of unemployment?
A. Cyclical unemployment
O
B. Voluntary unemployment
C. Structural unemployment
D. Frictional unemployment
Answers
When you are in a conflict with another person, it is important to remember:
OA.
That you are right and he is wrong.
O B.
All the negative things the other person has said or done to you.
O C.
That you also helped create the conflict.
OD.
That it is your right to control your friends.
Answers
why do you think tata motors has chosen to expand into foreign markets using exports rather than local manufacturing as a main mechanism of getting its product to new markets?
Answers
Tata Motors has chosen to expand into foreign markets using exports rather than local manufacturing as a primary mechanism of getting its product to new markets due to several reasons.
Firstly, exporting enables Tata Motors to increase its market reach without the need to set up production facilities in other countries. This significantly reduces their initial investment costs. Secondly, exporting enables Tata Motors to penetrate foreign markets where local manufacturers are either too expensive or too low quality.
The company has been doing this for several reasons. Exporting provides an opportunity for Tata Motors to increase its market reach without investing in production facilities in other countries. Exporting also enables the company to penetrate foreign markets where local manufacturers are either too expensive or too low quality.
Additionally, exporting allows Tata Motors to leverage its expertise in the Indian market to develop and improve its product line. This product line can be exported to other markets where the company wants to expand.
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Utilizing your research notes, imagine you are a business manager and you must create a brief step-by-step problem-solving guide to be used by your employees. The guide should outline the steps in the problem solving process and provide a few details as to how an individual could approach each step. The guide should be no more than one page. Be sure to explain the value of collaboration and teamwork within the workplace.
Answers
Answer:
Define the problem
Analyze the affects of problem on the business
Generate list possible solutions to it.
Evaluate each alternative.
Implement a solution that is best fit
Monitor the results
Explanation:
There are six steps in problem solving. As a business manager one should understand all these steps to immediately counter a problem and progress for business success. The business manager should first define the problem and analyse the affects that it may cause to the business operations. He should then consider list of possible solutions which can solve the problem without any harm to business activities. The best possible solution to the problem should be selected and then it should be implemented to solve the problem quickly. The progress of the problem solving should be evaluated.
1. As a manger, in accordance with the HR process, how would you work in tandem with HR to ensure that you retain quality employees, thus adding to the overall satisfaction of employee, and keeping turn over low?
Answers
Answer:
The first crucial guideline and ICT information that the management should be conscious of in order to be able to handle the many responsibilities all at once and achieve relevant achievement for the corporation's administration is to organize appropriately.
The second crucial talent that a manager must possess in order to effectively manage a firm is the ability to organise. This refers to the manager's capacity to delegate necessary duties, obligations, and responsibility to the subordinates.
Your available credit is $1,000, but you keep your debt to $200.00. How does this help you build a positive credit history?
Answers
Keeping a low debt-to-credit ratio can demonstrate responsible credit usage, which is a key factor in building a positive credit history.
Building a good credit history requires maintaining a low debt-to-credit ratio.Your debt-to-credit ratio measures how much of your available credit you are currently using.A lower debt-to-credit ratio implies prudent credit use because you aren't using credit excessively and can properly manage credit.Keep this percentage as low as you can because creditors and lenders use it to assess your credit worthiness. Maintaining a low debt to credit ratio may make you appear less dangerous to lenders and increase your chances of getting future loan applications accepted.Another important element in establishing a solid credit history is having a low debt-to-credit ratio, which can enhance your credit score.
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what do you mean by pricing. In what situation price is reduced
Answers
Answer:
Explanation
Meaning that as they lower their prices, the cost per unit is lowered and therefore their profits remain the same. If the business is breaking into a new market, starting off with a very low market share, and have the financial backing and resources to offer a lower price than competitors.
the sequence of work for a job is also known as its
Answers
Answer:
Routing
Explanation:
Mexico and Canada are major U.S. trading partners because they have the benefit of lower freight charges and shorter delivery times. Why do these benefits exist for these two nations
Answers
These benefits exist for these two nations because it has already been agreed upon in the NAFTA agreement.
What is the NAFTA agreement?North America Free Trade Agreement is an agreement between three countries namely Canada, Mexico, and the United States for a trilateral trade among themselves.
It should be noted that the agreement came into being on 1st January 1994.
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Which of the foTransNational Inc. is a large conglomerate that operates in 17 different countries. The corporate executives at the headquarters have decided that the company’s objective for the next two years will be to increase its customer equity, or the value of potential future revenues generated by all its customers in a lifetime. Based on this guideline received from the top management team, the product leader of the home audio division has decided to adopt a cost-leadership strategy in all of his 17 units. Thus, the decision made by the product leader best illustrates a ________ strategy.llowing stages of the strategic management process involves an evaluation of a firm’s external and internal environments?
Answers
Answer: business
Explanation:
Business strategy refers to the clear set of plans, which outlines how a business will be able to compete in a particular market.
Since the corporate executives at the headquarters have decided that the company’s objective for the next two years will be to increase its customer equity, or the value of potential future revenues that are generated by all its customers in a lifetime, then this is a business strategy as it depicts the plan that'll be used in achieving organizational goals.
In what seven (7) way can we promote good marriage in the society
Answers
Answer:
1.being loving
2bieng understanding
3being loy
Which of the following refers to the course that a product's sales and profits take over its lifetime? * 1 point
A) total product process
B) service life
C) product mix
D) product life cycle
Answers
The term that refers to the course that a product's sales and profits take over its lifetime is D) product life cycle. The product life cycle is a concept that describes the stages a product goes through from its introduction to the market until its eventual decline and discontinuation. It consists of four main stages: introduction, growth, maturity, and decline.
During the introduction stage, the product is launched into the market, and sales and profits are typically low as customers become aware of its existence. In the growth stage, sales and profits begin to increase as more customers adopt the product and its market share expands. The maturity stage is characterized by peak sales and profits, as the product reaches its maximum market penetration and faces intense competition. Finally, in the decline stage, sales and profits start to decline as the product becomes outdated or faces competition from newer alternatives. Understanding the product life cycle is crucial for businesses as it helps them make informed decisions regarding product development, marketing strategies, pricing, and resource allocation. By analyzing the product life cycle, companies can identify when to invest in product improvements, target new customer segments, or consider introducing new products to replace declining ones.
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