Given details about his insurance policy, gross income, and the car's market value, Norm's deductible loss is $6,500. The correct option is e.
Step 1: Determine the smaller amount between the adjusted basis and fair market value.
In this case, the smaller amount is the fair market value, which is $10,000.
Step 2: Subtract the insurance deductible from the smaller amount.
Since Norm did not file a claim under his insurance policy, we subtract the $2,000 deductible: $10,000 - $2,000 = $8,000.
Step 3: Subtract 10% of the adjusted gross income from the result in Step 2.
10% of Norm's adjusted gross income ($14,000) is $1,400. So, $8,000 - $1,400 = $6,600.
Step 4: If the result is greater than $100, then the deductible loss is the result minus $100.
Since $6,600 is greater than $100, Norm's deductible loss is $6,600 - $100 = $6,500.
However, none of the provided options matches this result. So, the correct answer is:
e. None of the above is correct.
To learn more about deductible loss, visit: https://brainly.com/question/15968759
#SPJ11
What could a data analyst do with the Lasso tool in Tableau 1 point?
Data analysts can use Tableau's lasso tool to select and highlight specific data points or sections of a chart. The lasso tool allows analysts to draw a free selection area around the data points they want to analyze.
This allows analysts to quickly identify trends and outliers in their data. The Lasso tool also allows users to filter the data so that only selected points are displayed on the graph. This can be useful for examining correlations and relationships between different variables in a data set. The Lasso tool can be used both for exploratory data analysis and for creating visualizations in Tableau.
To know more about data analytics click here
https://brainly.com/question/29109220
#SPJ4
1) Issued common stock for $5,000 cash. (2) Earned $3,000 of cash revenue. (3) Paid a $4,000 cash to purchase land. (4) Paid cash dividends amounting to $400. (5) Paid $2,200 of cash expenses. Based on this information, the amount of cash flow from investing activities appearing on the statement of cash flows is
Answer:
-$4,000
Explanation:
The computation of the amount of cash flow from investing activities is shown below:
= Paid a $4,000 cash to purchase land
Since the land is purchase for cash so the amount is to be shown in the investing activities in a negative value as the purchase is the outflow of cash
So the same is relevant
if the equilibrium price of yellowfin tuna is $30.00 per pound, and a price floor for yellowfin tuna is set at $35.00 per pound, what will happen?
If the equilibrium price of yellowfin tuna is $30.00 per pound, and a price floor of $35.00 per pound is set, it will result in a surplus of yellowfin tuna.
A price floor is a minimum price set by the government above the equilibrium price in an attempt to protect producers. In this scenario, if the equilibrium price of yellowfin tuna is $30.00 per pound and a price floor is set at $35.00 per pound, it means that the government is mandating that yellowfin tuna cannot be sold below $35.00 per pound.
Since the equilibrium price is lower than the price floor, the market price of yellowfin tuna will be forced to increase to meet the price floor requirement. However, this price is above the equilibrium price, which will result in a decrease in consumer demand for yellowfin tuna.
As a result, suppliers will face difficulty in selling yellowfin tuna at the higher price, leading to a surplus of yellowfin tuna in the market. The quantity supplied will exceed the quantity demanded, as consumers are unwilling to purchase the increased quantity at the higher price.
In summary, setting a price floor for yellowfin tuna above the equilibrium price will lead to a surplus of yellowfin tuna as consumer demand decreases due to the higher price, resulting in a mismatch between the quantity supplied and the quantity demanded.
Learn more about market price here:
https://brainly.com/question/31964955
#SPJ11
A prospective buyer made an offer to purchase a property. The owner responded with a counteroffer. While the buyer was reviewing the counteroffer, the owner received a better offer. The owner can accept the second offer if
1. it satisfies or exceeds all terms included in the counteroffer.
2. the owner withdraws the counteroffer before it is accepted.
3. the owner gives the first buyer notice that another offer was received and an opportunity to revise the bid.
4. the first buyer is informed, in writing, of the owner's intent to accept another offer.
Answer:
2, the owner withdraws the counteroffer before it is accepted.
Explanation:
When an offer is met with a counteroffer, until the counteroffer is accepted, there is always still the chance to withdraw the counteroffer. This usually happens when there is a new development as regards the offer.
From the above question, it can be seen that the owner of the property responded with a counteroffer to the buyer's offer. Now, while the counter offer is being considered by the buyer, the owner gets a better offer and as such needs to withdraw the counteroffer given to the buyer.
Since there hasn't been any positive response to signify interest or agreement to the counteroffer, the counteroffer can still be withdrawn by the buyer as there is no contract yet.
In the event that, the buyer accepts the counteroffer of the owner, the new offer will have to be forgone as there is an agreement already.
Cheers.
which phase of the business cycle can be best characterized as a period of rising unemployment? g
An increase in GDP and a decrease in the unemployment rate are the two most dependable indicators that an economy is in the expansion phase of the economic cycle.
The time between the peak (maximum growth rate) and the trough is known as the contraction phase (the lowest growth rate). The GDP value drops from its peak to the lowest or negative growth rate during a contraction. A decline in economic activity is referred to as contraction .As a result of firms laying off employees due to a decline in demand, the unemployment rate rises during a contraction. As revenues and profits fall, the GDP value falls too low or negative levels. Recessions, which occur when the GDP number declines for two consecutive quarters, mark the beginning of the contraction phase A country's GDP is calculated by adding its total consumption, investments, government spending, and net exports. They things typically see price increases during economic growth. As a result, the entire GDP will increase.
Learn more about The contraction phase here:
https://brainly.com/question/19802127
#SPJ4
Assume that by continuing your education, you increased your yearly
earning potential from $21,484 to $39,746. If the additional education
costs $36,000, in about how many years will it pay for itself?
Answer:
2 years
Explanation:
The increase in yearly earnings is
= $39,746 - $21,484
=$18,262
Every year, extra earning is $18,262
the cost of education is $36,000
It will take =$36,000/$18,262 years to repay
=1.971 years
=2 years
Question: By continuing my education I increased my earning potential from $21,484 to $39,746 a year. That's a difference of $18262 a year.
Answer: 1 year
What does WTO stand for?
At a local grocery store, they sell a Visa card that has a prepaid amount on it. People can use this card anywhere, but it cannot be used for more than its prepaid value. Which type of card is this?
A.
a debit card
B.
a smart card
C.
a stored value card
D.
a retail credit card
The type of the card is a Retail Credit card. Hence the option (D) is the correct one.
What is the function of retail credit cards work?For retail credit cards, an image You can potentially obtain benefits at some retail establishments if you have a retail store credit card.
Decide if you want a card that restricts the retailers with which you may earn rewards or one that enables you to earn rewards for regular purchases. Benefits could consist of privileged access to funding, exclusive deals, discounts, and awards.
For instance, paying in whole for a motorcycle costing $10,000 would be excessive for a buyer.
Consumer will receive a $10,000 loan from retail credit institutions, which will be repaid with interest over a period of time in the form of monthly installments.
Hence the correct option is (D).
Learn more about Retail Credit Card , from :
brainly.com/question/30225683
#SPJ1
Christian is 33 years old, has been renting for the past five years, and is now thinking about purchasing a home by applying for a mortgage. Why is it important for him to check the information recorded on his credit report? Group of answer choices To confirm that his landlords' names are not on the report To verify the accuracy of his rental history To check the accuracy of his landlords' addresses To ensure that his roommates' names are on the report
Answer: To verify the accuracy of his rental history
Explanation:
Based on the scenario in the question, it is it important for Christian to check the information recorded on his credit report so as to verify the accuracy of his rental history.
He has to verify his rental history so as to know if there's a mistake or if the details written are not correct. To apply for the mortgage, he needs to ensure that the details are correct.
The invisible hand principle indicates that competitive markets can help promote the efficient use of resources true or false?.
The Invisible Hand Principle suggests that competitive markets can help facilitate the efficient use of resources even when each market player cares only about their self-interest rather than about the overall efficiency of resource usage. True
What is the principle of the invisible hand?The invisible hand is characteristic of laissez-faire, representing the "let do/let go," approach to the market. In other words, the approach maintains that the market will find stability without government or other interventions pushing it into unnatural patterns. The invisible hand upgrades individual self-interest and competition.
To learn more about The Invisible Hand Principle visit the link
https://brainly.com/question/1619870
#SPJ4
The name of Internet Web sites are referred to as their _____ name.
its domain
Answer:
Domain names . good luck ;)
An example of a risky short term investment strategy is
Answer:
stocks are unpredictable and can be considered a risky short term investment, but if it goes well it will be considered a good risky investment strategy
Explanation:
Does an executor have to show accounting to beneficiaries?
Yes, unless the beneficiaries or heirs of the estate waive the duty, Executor must provide an accounting.
A beneficiary is a person (or entity) named to receive the advantages of property that belongs to another person. These benefits are frequently given to beneficiaries as a part of an inheritance.
A beneficiary bank account, to put it simply, is a sort of savings account where the money is transferred to another party after the account owner passes away. Beneficiaries are named for bank accounts as well as for life insurance, retirement accounts, and significant assets.
Even if they waive it, it's still excellent practise in probate to provide a full summary of what was done in order to lessen the likelihood of disagreements in the future.
To know more about beneficiary here
https://brainly.com/question/20317437
#SPJ4
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Spice sells paprika for $9.00 per bottle. Variable cost is $2.43 per bottle and Spice's annual fixed costs are $825,000. The variable expense ratio for paprika is
The variable expense ratio for paprika is 27%.
What is variable cost?Variable cost is the cost that vary with the level of output. It changes in proportion to how much a company produces or sells.
Using the formula below :
Variable expense ratio = Variable cost / Selling price
Where:
Variable cost = $2.43
Selling price= $9
Then,
Variable expense ratio = 2.43 / 9 × 100
Variable expense ratio = 27%
Hence, the variable expense ratio for paprika is 27%.
Learn more about variable expense here : https://brainly.com/question/26794520
• calculated transition and risk costs associated with recommendations of tobacco regulation acts regarding
Republic Act No. 9211, often referred to as the Tobacco Regulation Act of 2003, is an all-encompassing regulation that controls, among other things, smoking in public places, tobacco advertising, promotion, and sponsorship, and sales limitations.
What is Tobacco Regulation Act ?The Family Smoking Prevention and Tobacco Control Act (Tobacco Control Act), which was enacted on June 22, 2009, grants FDA the ability to control the production, distribution, and marketing of tobacco products in order to safeguard the public and ensure a healthy future for all Americans.
With the approval of the Family Smoking Prevention and Tobacco Control Act by the US Congress, the U.S. Food and Drug Administration started to regulate tobacco in 2009.
To learn more about Tobacco Regulation Act from the given link:
brainly.com/question/1148346
#SPJ4
The neoclassical perspective on macroeconomics emphasizes that in the long run, the economy seems to rebound back to its _____________ and its ____________________.
The neoclassical perspective on macroeconomics emphasizes that in the long run, the economy seems to rebound back to its potential GDP and its natural rate of unemployment.
What is known as macroeconomics?In economics, this is a branch that deals with the performance, structure, behavior etc of an economy as a whole. For instance, a macroeconomics involves using interest rates, taxes and government spending to regulate an economy’s growth and stability.
On the macroeconomics, the neoclassical perspective holds that in the long run, the economy will have to fluctuate around its potential GDP and its natural rate of unemployment. Therefore, the answers are as underlined in the main answers.
Read more about macroeconomics
brainly.com/question/14340983
#SPJ1
Upscale retailers, such as Nordstrom, feature customer service as theirsignificant point of difference and use that difference to compete with lessexpensive stores. This is known as ___________ competition.a) target forcingb) upscalec) point-of-differenced) nonprice
This is known as nonprice competition. The correct answer is option (d).
What is non-price competition?In non-price competition, a company strives to differentiate its product or service from competing items on the basis of features like design and workmanship," according to a marketing strategy. Because it occurs between two or more producers who sell goods & services at the same prices but strive to expand their respective market shares by non-price factors like marketing strategies and higher quality, it frequently happens in imperfectly competitive markets.
Companies that rely on non-price competitiveness use promotional expenditures including marketing campaigns, brand management charges, advertising, sales staff, promote sales, free gifts, and complimentary delivery services instead of engaging in price wars with their rivals.
To know more about non-price competition, visits:
https://brainly.com/question/1580879
#SPJ1
Which of the following is the best definition of a product owner proxy?
a) A temporary substitute for a product owner in Agile development
b) A software tool used for managing product ownership
c) An individual responsible for quality control of a product
d) A legal representative for the product owner in contractual matters
The best definition of a product owner proxy is "b) A person who represents the product owner to help facilitate the scrum team's work." Option B is correct.
A product owner proxy is someone who represents the product owner to help facilitate the scrum team's work. The proxy might perform this function if the product owner is temporarily unavailable or if the product owner has delegated some responsibilities. The product owner proxy should have a strong understanding of the product vision and be able to make decisions that align with that vision. The proxy should also be able to communicate effectively with the scrum team to ensure that they have what they need to do their work. The proxy might also help to manage the product backlog and ensure that it is prioritized appropriately.
Know more about proxy here:
https://brainly.com/question/31939161
#SPJ11
A firm that produces potato chips occupies four hectares of land. The firm produces 10 tons of output per day and sells its output at a price of $240 per ton on the export market. The firm does not engage in factor substitution as the price of land changes. Intra-urban transportation is on trucks, with a unit cost of $12 per ton per mile. The firm’s non-land
cost is $560 per day. The firm exports its output via circumferential highway (i. E. , beltway around the city). That is, it wants to be near the beltway.
(a) Sketch the firm’s bid-rent curve for land for different distances from the beltway, from a distance zero to five miles.
(b) What is the bid-rent at the beltway? What is the slope of the bid-rent function? Show your work
(a) The bid-rent curve represents the maximum amount the firm is willing to pay for land at different distances from the beltway. (b) $800, slope is -$40.
(a) To sketch the firm's bid-rent curve for different distances from the beltway, we need to consider the cost components involved in the firm's operations. The bid-rent curve represents the maximum amount the firm is willing to pay for land at different distances from the beltway.
The firm's total cost per day consists of two components: the non-land cost and the transportation cost. The non-land cost is given as $560 per day, which remains constant regardless of the location. The transportation cost is incurred for each ton of output transported via trucks, and it is given as $12 per ton per mile.
Let's consider different distances from the beltway, ranging from zero to five miles. The transportation cost will vary depending on the distance from the beltway.
At distance zero (on the beltway), the transportation cost is zero since the trucks do not have to travel any distance. Therefore, the total cost per day at distance zero is $560.
At distance one mile, the transportation cost per day would be $12 per ton multiplied by the 10 tons of output produced, which equals $120. So, the total cost per day at distance one mile would be $560 + $120 = $680.
Similarly, we can calculate the total cost per day for distances two, three, four, and five miles from the beltway. Considering the transportation cost and adding it to the non-land cost, we get the following results:
Distance Total Cost per Day
------------------------------------
0 miles $560
1 mile $680
2 miles $800
3 miles $920
4 miles $1,040
5 miles $1,160
These values represent the maximum amount the firm is willing to pay for land at different distances from the beltway, given its production and transportation costs.
(b) The bid-rent at the beltway, i.e., distance zero, is $560 per hectare per day, which is equal to the firm's non-land cost. The slope of the bid-rent function can be determined by calculating the change in bid-rent per unit change in distance.
Considering the bid-rent values at distance zero and one mile, we can calculate the slope as follows:
Slope = (Bid-rent at distance zero - Bid-rent at distance one mile) / (Distance zero - Distance one mile)
= ($560 - $680) / (0 - 1)
= -$120 / -1
= $120
Therefore, the slope of the bid-rent function is -$120 per hectare per mile.
To learn more about firm click here: brainly.com/question/32241343
#SPJ11
Drag the tiles to the correct boxes to complete the pairs. Match each scenario with the government agency it involves. Environmental Protection Agency Occupational Safety and Health Administration Food and Drug Administration Dwayne's company has clearly marked each container to indicate what chemical it contains and the threat it poses. arrowRight Ryan's new car is certified to meet federal emission standards. arrowRight Lisa finds that her favorite brand of yogurt has been taken off the shelf after the company ordered a recall. arrowRight
Answer:
1. Occupational Safety and Health Administration (OSHA).
2. Environmental Protection Agency (EPA).
3. Food and Drug Administration (FDA).
Explanation:
1. Occupational Safety and Health Administration (OSHA): Dwayne's company has clearly marked each container to indicate what chemical it contains and the threat it poses.
The Occupational Safety and Health Administration (OSHA) is a federal agency saddled with the responsibility of assuring and ensuring safe and healthy working conditions for employees by setting and enforcing standards, providing education, trainings and assistance to various organizations.
2. Environmental Protection Agency: Ryan's new car is certified to meet federal emission standards.
In the United States of America, the agency which was established by US Congress and saddled with the responsibility of overseeing all aspects of pollution, environmental clean up, pesticide use, contamination, and hazardous waste spills is the Environmental Protection Agency (EPA). Also, EPA research solutions, policy development, and enforcement of regulations through the resource Conservation and Recovery Act.
3. Food and Drug Administration (FDA): Lisa finds that her favorite brand of yogurt has been taken off the shelf after the company ordered a recall.
It is a federal agency of the government of the United States of America saddled with the responsibility of protecting the consumers of edible products and public health safety.
What managerial role does T. K. Kurien assume in his approach to attaining his division's goal of improved customer service
T. K. Kurien, an Indian chartered accountant and business executive can be said to assume the managerial role of: a change leader.
Who is a Change Leader?A change leader can be described as someone who takes on the responsibility of leading and guiding a group of people to plan and implement changes.
They encourage and work with employees during the decision-making process.
Thus, T. K. Kurien, an Indian chartered accountant and business executive who understands the key importance of employee's contribution to an organization, can be said to assume the managerial role of: a change leader.
Learn more about change leader on:
https://brainly.com/question/25626701
Insurance is _____________ when the possible loss is relatively large compared to the amount of the premium.
Using economic understanding, insurance is "Economically feasible" when the possible loss is relatively large compared to the premium amount.
This is because when an individual insured on a premium account loses huge properties that are considerably large compared to the premium paid, this is economically feasible to such an individual.
For example, if an individual has his vehicle worth $1 million on damaged but has only paid less than $100,000 as insurance fee, such individual would have his car replaced by the insurance firm, despite only paying 10 percent of the car price as insurance fee.
Thus, this situation is considered economically feasible.
Hence, in this case, it is concluded that the correct answer is "Economically feasible."
Learn more here: https://brainly.com/question/13769098
QUESTION 2 of 10: Your Maitre'd's starting salary is $38,000/year. You have promised her an 8% raise per year for her first 5 years. What yearly salary be after 5 years? a) $23,725 b) $42,114 c) $49,189 d) $55,834
Answer:
D) 55,834
Explanation:
Date
Page
2
2) Marketing is meeting
needs
profitably!
Comment
Answer:
markeing
Explanation:
communication skills, credentials, honesty
Suppose the demand for coffee went from 12 million cups at $2 to 15 million cups at $1.50. Calculate the price elasticity of demand using the mid-point formula.
The price elasticity of demand is 0.77
What is price elasticity of demand?Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price
What is the price elasticity of demand?Midpoint change in quantity demanded = change in quantity demanded / average of both demands
change in quantity demanded = 15 million - 12 million = 3 million average of both demands = (15 +12 ) / 2 = 13.5 million Midpoint change in quantity demanded = 3 / 13.5 = 0.22midpoint change in price = change in price / average of both price
change in price = $1.5 - $2 = $-0.50 Average of both prices = (1.5 + 2) / 2 = $1.75midpoint change in price = $0.5 / 1.75 = 0.29Mid-point price elasticity of demand = 0.22 / 0.29 = 0.77
To learn more about price elasticity of demand, please check: https://brainly.com/question/18850846
One drawback of using the yardstick approach to structure business reports is that:_________
One drawback of using the yardstick approach to structure business reports is that you must discuss all the alternatives, even if many of them turn out to be irrelevant and/or unproductive.
A novel method of finding and hiring talent called yardstick is supported by years of research. To assist your company in selecting the best candidate, Yardstick's Intelligent Talent Selection software uses a structured interviewing process.
To speed up the interviewing process, Yardstick employs a structured interviewing methodology. By minimizing interviewer preparation time, interview length, and interview volume, our software helps you save time and resources. Our program aids you in choosing the best inquiries to more quickly determine whether a candidate's expertise corresponds to the essential qualifications for the position.
To know more about yardstick
brainly.com/question/3036506
#SPJ4
What is the primary duty of a public relations specialist?
A. To create advertising concepts
B. To deliver marketing messages
C. To communicate business activities with the press
D. To oversee graphic design tasks
Answer:
B. To deliver marketing messages
Explanation:
A public relation specialist is a professional who portrays goods and services in a good light/form to the public. This helps to create awareness and encourages the general public to buy such products.
Public relation specialist ensures that the company has a good relationship between the stakeholders, staffs and the general public thereby avoiding any type of clash.
3. ______ are defined as goods or services that are required for health and safety.
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
Learn more about the safety of goods here:
https://brainly.com/question/28480753
#SPJ1
In inventory models, high holding costs tend to favor low inventory levels and frequent replenishment.a. Trueb. False
a. True High holding costs, which refer to the costs associated with storing and maintaining inventory, can have a significant impact on inventory management decisions.
In inventory models, holding costs are typically balanced against ordering costs (i.e., the costs associated with placing orders and receiving inventory) to determine the optimal inventory level and ordering frequency.When holding costs are high, it becomes more expensive to keep large quantities of inventory on hand for extended periods of time. As a result, it can be more cost-effective to maintain lower inventory levels and replenish inventory more frequently. This approach helps to minimize the costs associated with holding inventory, while also ensuring that inventory is available when needed.
Learn more about inventory here:
https://brainly.com/question/14184995
#SPJ11