An individual, age 65, with gross income of $1,000 by winning $1,000 on a scratch-off lottery ticket is not required to file a federal income tax return.

1) True
2) False

True. Someone who sells milk can report their inventory using LIFO (Last In, First Out) method. This method assumes that the last items added to the inventory are the first ones to be sold.

Here are some points to elaborate on the statement that someone who sells milk can report their inventory using the LIFO method:

Matching cost of goods sold: The LIFO method assumes that the cost of the most recently acquired or produced inventory items is matched against the revenue from sales.

This means that if someone is selling milk, the cost of the most recent purchases of milk would be used to calculate the cost of goods sold (COGS), which is the cost of the inventory items that have been sold during a specific period, such as a month, quarter, or year.

This can result in a higher COGS, as the most recent inventory items are likely to have higher costs due to inflation or other factors.

Tax implications: One of the reasons why some businesses, including those that sell milk, may choose to use the LIFO method for inventory valuation is its potential tax advantages.

In periods of rising prices, the use of LIFO can result in lower taxable income and, consequently, lower tax liabilities. This is because the COGS calculated using the LIFO method tends to be higher, which reduces the gross profit and taxable income.

However, it's important to note that the use of LIFO for tax purposes is subject to specific rules and regulations, and businesses need to carefully consider their specific circumstances and consult with tax professionals to ensure compliance with tax laws.

Record-keeping requirements: When using the LIFO method, businesses need to maintain detailed records of inventory purchases and sales to accurately calculate COGS and comply with accounting standards.

This includes keeping track of the purchase dates, quantities, and costs of inventory items, as well as the corresponding sales and revenue data. Proper record-keeping is crucial to ensure the accuracy and reliability of financial statements and to provide evidence in case of audits or reviews by tax authorities or other stakeholders.

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Answer:

B

Explanation:

because they need to deal with all practices that are done by people on environment

Answer:

C

Explanation:

Landscapers need to know human relations because if they want to get something to do for their job, marketing and having an asset is important for the business, if you don't know anyone that needs help, it wouldn't be very good for your business.

Have an awesome day!! I hope this helped!! ^ ^

The present value of the project is approximately $2,748.36.

To calculate the present value of a growing perpetuity, we can use the Gordon Growth Model formula. The formula is as follows:

PV = C / (r - g)

Where PV is the present value, C is the cashflow in the first year, r is the discount rate, and g is the growth rate of the cashflows.

In this case, the cashflow in the first year is $187, the discount rate is 6.8%, and the growth rate of the cashflows is 3.4%.

Using the formula, we can calculate the present value:

PV = 187 / (0.068 - 0.034)

PV ≈ 2,748.36

Therefore, the present value of the project, rounded to the nearest hundredth, is approximately $2,748.36.

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Cash A/c (debit)                                      39670

To unearned rent A/c (credit)                                     39670      

What is unearned revenue?

Unearned revenue is money that a person or company receives in exchange for a good or service that hasn't yet been provided or performed. It might be considered a "prepayment" for goods or services that a person or company anticipates offering the customer later.    

How do you record unearned revenue?

Unearned income should be recorded in your diary as a debit from the cash account and a credit to the unearned income account. This journal entry demonstrates that the company has received payment in cash for a service, but it was obtained on credit as a down payment for upcoming deliveries of goods or delivered services.

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Answer:

none of the above

Explanation:

I think its none of the above because in free economy the businesses basically do whatever they want and government/state has little to no interference.

Answer:

a

Explanation:

because it makes sense in the sentence

Answer:

I think its just infinity

Answer:

Infinity

Explanation:

Answer: See explanation

Explanation:

Trade restrictions simply means a way of protecting the local industries. This can be through imposition of tariffs on foreign goods, use of quota etc. The importance of trade restrictions are:

1. Trade restrictions are important in the protection of the infant indutries, that is, the young industries in a country that are just growing.

2. Trade restrictions is necessary to prevent dumping of goods. This mean selling of goods at lower prices or of low quality in a country. This gives such products an unfair advantage over other goods produced in the home country.

3. Trade restrictions is vital on order to protect the strategic indutries.

4. Trade restrictions is also vital in order to protect the jobs of the people in the country. When goods are imported rather than supporting local businesses, this can lead to unemployment as workers will lose their jobs.

Answer:

8.82%

Explanation:

The computation of the portfolio return is shown below:

Portfolio return = Respective returns ×Respective weights

= (10.8 × 0.45) + (12.2 × 0.35) + (-1.56 × 0.20)

= 8.82%

Hence, the portfolio return is 8.82%

We simply applied the above formula so that the portfolio return could come

And, the same is to be considered

In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insights into our behavior can be gained by assuming that we act as if governed by the rules of Rational decision making.

Rational Decision making may be defined as the process of decision making which involves the use of logic in every step of decision making. It is based on the utilization of objective knowledge. The process of rational decision-making involves identifying the problem to be solved and then gathering all possible facts and figures.

The next step is analyzing all the possible solutions and the outcomes related to the solutions. The next step involves a decision making which is done by considering all the possible solutions and choosing the best one based on logic.

Examples of Rational decision-making are:

A student chooses what to pursue in his higher education.

A business decision on what to purchase for the organization.

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A job analysis report transforms the analysis into three components: an

analysis, a summary, and recommendations.

Job analysis is a process of identifying and describing the duties, responsibilities, and requirements of a particular job. It involves collecting and analyzing information about the job, such as its tasks, knowledge, skills, abilities, and other characteristics. The results of a job analysis can be used to develop job descriptions, determine job qualifications, establish performance standards, design training programs, and evaluate job performance. A job analysis report typically includes an analysis of the job, a summary of the findings, and recommendations for improving the job or filling the position. Job analysis is an important tool for organizations to ensure that they have the right people in the right jobs, which can lead to increased productivity, job satisfaction, and retention.

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The correct answer is 'for whom to produce?' Jan and Jamie still needs to answer the basic economic question 'for whom to produce?'

Due to the limited availability of resources, every community must allocate limited resources in order to satisfy human needs to the greatest extent possible. The allocation of resources brings up the central economic issue, or the central problem of the economy, which is the production, distribution, and disposal of products and services. This makes it easier to comprehend the goods or services the society needs (what to produce), how to make them (how to produce? ), and who will use them (for whom to produce).

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Answer:

D. Job leads

Explanation:

Employment agencies, career fairs, and Internet ads can all be sources of job leads. Hence, Option D is correct.

There are various kinds of agencies in the whole world that target providing the required stuff to the person or the ultimate user when it comes to the types of agencies

There are various types of agencies that are present in the whole world according to the type of material that they have available at different agencies.

If it is about employment agencies, these are the agencies that provide employees to the ultimate employers, and with the help of employment agencies, those who belong to the unemployment category will get employment according to their qualifications.

Therefore, Option D is correct.

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The production possibilities frontier is 50 baseball bats or 100 2 x 4's.

Supposing that an economy produces only 2 goods: baseball bats and 2 x 4's, and the only input needed to make these goods is trees, and 1 tree makes 10 baseball bats, and 1 tree makes 20 2 x 4's, to determine, if there are 5 trees in the economy, the production possibilities frontier for this economy, the following calculation must be made:

Therefore, the production possibilities frontier is 50 baseball bats or 100 2 x 4's.

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The budgeting method that considers advertising along with other marcom elements as relatively unimportant to a brand's present success and future growth is the affordable method.

This method sets the marketing budget based on what the company can afford, rather than on what is needed to achieve marketing objectives.

The affordable method is often used by small businesses or businesses that are new to the market. It is also used by businesses that are facing financial difficulties.

The affordable method is not a very strategic approach to marketing budgeting, as it does not take into account the company's marketing objectives or the competitive environment.

Here are some of the disadvantages of the affordable method:

Here are some of the other budgeting methods that are more strategic than the affordable method:

The best budgeting method for your business will depend on your specific circumstances. You should consider your marketing objectives, the competitive environment, and your financial resources when making a decision.

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Answer:

they help the market respond to changing prices and consumer preferences.

Explanation:

Entrepreneurs are themselves an important ‘factor of production’ and an essential aspect of a functioning free market economy. Importance of entrepreneurs Free market evolution. Entrepreneurs are important in a free market because they help the market respond to changing prices and consumer preferences.

When the census bureau is the source of your data, you are conducting secondary research. Option E is Correct.

This is because the census bureau collects data on a wide range of topics, including demographics, economic activity, and social trends, and makes this data available to researchers and the general public. The data collected by the census bureau is considered secondary because it is based on data that has already been collected by other sources, such as surveys, interviews, and administrative records.  

Secondary research refers to the use of existing data or information that has already been collected by someone else. This data can come from a variety of sources, such as government agencies, academic institutions, trade associations, and market research firms.

The data collected by these sources is often made available to the public through various channels, such as online databases, reports, and publications. This data can be used by researchers, businesses, and other organizations to gain insights into a wide range of topics, including market trends, consumer behavior, economic activity, and social trends.

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True. Crimes occurring in a business context that typically involve non-violent offenses committed by individuals or organizations of high social status are commonly referred to as white-collar crimes.

These crimes are often financially motivated and involve deceit, fraud, or violation of trust. Examples of white-collar crimes include embezzlement, insider trading, money laundering, tax evasion, and corporate fraud. The term "white-collar crime" originated from the notion that individuals involved in such offenses typically wear white-collar shirts, symbolizing professional or corporate positions. This distinguishes white-collar crimes from traditional "blue-collar crimes" that are typically associated with more physically oriented offenses, such as theft, robbery, or assault.

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Which country in the radar chart above stands out as the worst in the world on each of the variables identified

Question Completion:

Marathon Running Shop has two service departments (advertising and administrative) and two operating departments (shoes and clothing). The table that follows shows the direct expenses incurred and square footage occupied by all four departments, as well as total sales for the two operating departments for the year 2017

                            Direct Expenses    Square Feet    Sales

Department

Advertising              $ 18,000                   1,120

Administrative           25,000                  1,400

Shoes                       103,000                  7,140          $273,000

Clothing                      15,000                4,340               77,000

The advertising department developed and distributed 120 advertisements during the year. Of these, 90 promoted shoes and 30 promoted clothing. Utilities expense of $64,000 is an indirect expense to all departments.

Answer:

Marathon Running Shop

Allocation of service departments' costs to the operating departments:

                         Service Departments      Operating Departments     Total

                     Advertising Administrative   Shoes          Clothing

Departmental   $18,000        $25,000      $103,000      $15,000   $161,000

Utilities                  5,120             6,400         32,640         19,840      64,000

After Utilities      23,120            31,400        135,640        34,840  $225,000  

Advertising       -23,120                                  17,340          5,780    0

Administrative                         -31,400         24,492          6,908    0

Total allocated costs                                 $177,472       $47,528 $225,000

Explanation:

a) Data and Calculations:

                            Direct Expenses    Square Feet    Sales

Department

Advertising              $ 18,000                  1,120

Administrative           25,000                 1,400

Shoes                       103,000                 7,140           $273,000

Clothing                     15,000                 4,340               77,000

Total                       $161,000               14,000          $350,000

Allocation of Utilities Expense of $64,000

Rate

Advertising        (1,120/14,000 * $64,000) =     $5,120

Administrative   (1,400/14,000 * $64,000) =   $6,400

Shoes                 (7,140/14,000 * $64,000) = $32,640          

Clothing             (4,340/14,000 * $64,000) = $19,840

Advertising       $ 18,000 + $5,120 = $23,120

Administrative    25,000 + $6,400  = $31,400

Shoes                103,000 + $32,640 = $135,640        

Clothing              15,000 + $19,840 = $34,840

Advertising expenses consumed by:

Shoes     90/120 * $23,120 = $17,340

Clothing 30/120 * $23,120 = $5,780

Administrative expenses consumed by:

Shoes $273,000/$350,000 * $31,400 = $24,492

Clothing $77,000/$350,000 * $31,400 = $6,908

Nations are unable to react by placing limitations on other imports from Saudi Arabia.

What is Strategic Trade?
Strategic commerce refers to the management of certain commodities' export, import, international transit, and transhipment to specific recipients, for specific end-uses/end-users, and under specific conditions. Dual-use drugs and technologies that have both acceptable commercial uses and sensitive uses that could support actions that hurt people or states are those that are listed as subject to UN Security Council Resolution 1540 (2004) and other UN embargoes and penalties. Controlling these commodities requires a balanced strategy; dual-use products, parts, and raw materials must be seen as strategically traded in order to prevent them from moving farther into criminal usages.

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The number of start-ups in Birningham as a percentage of the start-ups in London is 8.51%.

Percentage is a measure of frequency. It is the fraction of an amount that is usually expressed as a number out of hundred. The sign used to represent percentages is %.

The number of start-ups in Birningham as a percentage of the start-ups in London = (17473 / 205320) x 100 = 8.51%

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Answer: multi-domestic strategy

Explanation:

A multi-domestic strategy refers to a strategy whereby a company responds to the local market by making and customizing their product in order to match the different national conditions.

The strategy enables the multinational's individual subsidiaries to be able to compete independently in the domestic markets. An example of a multidomestic company that uses the multidomestic strategy is Nestlé which utilizes its marketing approach for the markets where it operates as it tastes is based on the needs of the people in the country.

The taxes and withholdings take the biggest bite out of the amount of your paycheck is the federal income tax.

This is the largest source of revenue of the government and it is usually collected by the federal government.

It is usually based on annual earnings for individual and businesses in which a percentage is deducted.

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Answer:

Before money was invented, goods and services were exchanged through bartering or using commodities like salt, cattle, or grains.

Explanation:

People used metal objects as money to exchange goods and services as early as 5000 B.C. Paper money in the United States dates back to 1690 and represented bills of credit or IOUs.

The author most likely conclude the article by describing future possibilities for Black Bee Honey because this emphasizes the importance of ensuring that student businesses are successful.

An article is a piece of writing about a particular subject that is included in a magazine, newspaper, etc. It is a nonfictional prose composition usually forming an independent part of a publication.

Teen entrepreneurs in Florida find sweet success in honey business. This statement emphasizes the importance of ensuring that student businesses are successful.

Therefore, the statement mentioned in C is correct.

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Answer:

Our accredited state alcohol training certification courses and food handlers courses help provide best practices and training tips for you to meet state, local, business, and professional needs. Our focus is to help you serve your patrons safely and be a successful bartender or server. Get your alcohol training certification online quickly with our training courses. Choose from the state-level seller-server course, Responsible Alcohol Manager course, Master Bartender course, Food Handler courses, and food manager certification. For bartender training, we have a two-for-one deal with our The Ultimate Guide To Bartending e-book and our Master Bartender course. Together, these provide the best seriously in-depth yet easy-to-follow book and course combination available on your iPhone, Android phone, tablet, or computer. We cover topics in our bartender courses about how to become a bartender, how old you need to be to become a bartender, how much is a bartending license, and how to get your bartender license. For reference, we have a web page dedicated to some helpful bartender career statistics in the US. For general information on obtaining a bartending license (not specific to any state), see our Ultimate Guide to Getting a Bartending License.

The Most Reputable and Recommended Alcohol Training Certification Happy bartender making a cocktail ServingAlcohol. offers the best option to accomplish your online certification. We go beyond the basics of alcohol awareness and carding techniques to deliver everything you need to know as an alcohol seller-server in your state. Over the past 35 years, we have become the most widely respected authority in responsible alcohol training by state and local officials. Our alcohol server certification program prepares alcohol sellers to sell and serve alcoholic drinks on and off-premises responsibly. We offer a wide host of state courses and bundles (combined with food safety handling courses) to suit your employment needs and business operations.

Pls Mark As Brainliest If The Answer Is Correct

Age is a physical cue I should look for when carding guests. Thus option C is correct.

Use physical clues like examples, eye contact, facial emotions, and hand-over-hand touch. Other cues can be signs, a church bells, or dimmer lights.

State rules and regulations differ when it to requesting IDs, and the FDA also establishes a minimum carding age. Congress enacted laws in December 2019 that set the frisking age at under 30 and increased the legal drinking age from 18 to 21 for all tobacco and vapor products.

While some establishments set its carding practices at a specified age level, others require employees to card ALL clients. In a few years, it's conceivable that all IDs will be scanned prior to the purchase of a time-of-life commodity. Therefore, option C is the correct option.

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