Production Total Cost 0 80 1 100 2 115 3 140 4 170 5 210 Assume That These Are The Costs Of Production For An Average Perfectly Competitive Firm And That The Price You Observe Is $30. At This Price, The Entry Of
Production Total cost
0 80
1 100
2 115
3 140
4 170
5 210
Assume that these are the costs of production for an average perfectly competitive firm and that the price you observe is $30. At this price, the entry of more producers would be observed
Select one:
True
False
Answers
Answer: the costs of production for an average perfectly competitive firm and that the price you observe is $30. At this price, the entry of more producers would be observed IS True
At \($30\) price, the entry of more producers would be observed in this scenario. For perfect competition, the output and price are such that the average total cost (ATC) curve is tangent to the price line. The firms make no economic profit or losses, and the market supply curve is horizontal, reflecting each producer's minimum average variable cost (AVC) curve. Firms have a choice of exiting the business if the price is below the lowest point of the AVC curve or continuing to produce in the short run despite incurring losses.The table reveals that at a price of $30, the production of 3 goods results in the least loss. The calculation of loss will be the difference between the total revenue and the total cost (TR-TC) at that level of production. The firm would maximize its profit or minimize its losses by producing 3 items since it will have the smallest negative gap (-10) between TR and TC. As a result, the entry of more producers would be observed
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Related Questions
The goals that are directly based on the strategic goals and plans are the ________________________.
a. mission
b. tactical goals
c. strategic goals
d. operational goals
Answers
Option b is correct. Objectives that are directly based on strategic objectives and plans are tactical objectives.
Tactical planning is the step after a company or team develops a strategic plan, breaking it down into smaller goals and objectives. Tactical plans are used to define goals and how actions and procedures will be taken to achieve them. Most tactical plans outline specific steps or actions to be taken to achieve the goals of the larger strategic plan. These actions or procedures are often delegated to the appropriate team members or employees to ensure timely completion. Most of the time, tactical planning is implemented when a company or team needs to respond to a pressing issue or situation. For example, a company that wants to win a bid from another company must create a successful viable bid. This offer is often crafted using a tactical strategy that includes a few small actions such as: B. Help your company beat the competition by lowering your bid price.
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2. your organization has been asked to invest in a continuing care retirement center. your investment will be $600,000 per year for the next five years. after five years, cash flows will be $400,000 per year for the next 15 years. if your discount rate is 10 percent: what is the present value of the investment? what is the present value of the cash flows? what is the profitability index?
Answers
The present value of the investment is $2,444,092.
The present value of the cash flows is $2,577,347. The profitability index is 1.05. To calculate this, you need to use the present value formula and the profitability index formula:
Present Value = Investment / (1+r)n
Where r is the discount rate, and n is the number of years.
So for the investment, the present value is:
$600,000 / (1 + 0.10)5 = $2,444,092
For the cash flows, the present value is:
$400,000 / (1 + 0.10)15 = $2,577,347
The profitability index is calculated by dividing the present value of the cash flows by the present value of the investment:
$2,577,347 / $2,444,092 = 1.05
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Is region of the world where a country is located associated with a country's GDP? Please address this question by using SPSS and a One-Way ANOVA to statistically analyze the following two variables"
Answers
To determine if the region of the world where a country is located is associated with a country's GDP, a One-Way ANOVA can be performed using SPSS. This statistical analysis will allow us to assess if there are significant differences in GDP among different regions.
To conduct the analysis, we need two variables: "Region of the World" and "GDP." The "Region of the World" variable should consist of categorical data indicating the region where each country is located (e.g., Americas, Europe, Asia). The "GDP" variable should contain numerical data representing the GDP values for each country.
Using SPSS, we can perform a One-Way ANOVA test, which will assess whether there are significant differences in GDP means across the different regions. The ANOVA test will generate an F-statistic and associated p-value. If the p-value is below a predetermined significance level (e.g., 0.05), we can conclude that the region of the world is associated with the country's GDP.
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When making a decision, a number of often-conflicting criteria representing the interests of different groups must be satisfied True False
Answers
The statement is true because decision-making often involves weighing and balancing a variety of criteria that may represent the interests of different groups.
These criteria may be conflicting, meaning that satisfying one criterion may come at the expense of satisfying another. For example, a company considering a new product launch may need to balance the potential profitability of the product with its environmental impact and its effect on consumer health and safety.
Similarly, a government agency may need to weigh the economic benefits of a proposed policy against its social and environmental impacts. In these situations, decision-makers must consider the interests of all stakeholders involved and strive to find a balance that satisfies as many criteria as possible.
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Suppose ron is willing to pay $200 to see a professional basketball game and felix is willing to pay $150. Assume the normal price of a ticket is $125. The local government decides to impose a $35/ticket surcharge to raise revenue, causing the ticket price to rise to $160. The resulting deadweight loss is.
Answers
The resulting deadweight loss is $ 25.
deadweight loss = ($200 - $150)/2
=$25
Total economic impact that includes direct financial loss and oblique economic loss. Direct financial loss: the financial fee of overall or partial destruction of bodily assets existing within the affected vicinity. Direct financial loss is almost equal to bodily damage.
Things that cause monetary loss can be damages to personal property or enterprise property, illnesses as a result of fitness requirements no longer being met by using a enterprise, or a loss of clients or customers. these things can both at once or indirectly result in financial losses.
There are two styles of monetary loss: natural financial loss and consequential monetary loss.
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14) The term for understanding why actual performance deviates from planned performance is.
A) variance calculation
B) organizational learning
C) favorable variance
D) continuous improvement
Answers
The term for understanding why actual performance deviates from planned performance is variance calculation.
Variance calculation is the process of comparing actual results to planned or expected results to identify differences or variances. These variances can be favorable (i.e., when actual results are better than expected) or unfavorable (i.e., when actual results are worse than expected). By analyzing these variances, managers can identify the root causes of deviations and take corrective actions to improve future performance. Organizational learning and continuous improvement are related concepts that focus on building knowledge and improving performance over time. Organizational learning involves the acquisition, retention, and transfer of knowledge within an organization, while continuous improvement involves ongoing efforts to improve processes, products, and services to increase efficiency, effectiveness, and value for customers. While variance calculation is a critical tool for understanding performance deviations, organizational learning and continuous improvement are broader concepts that involve ongoing efforts to build knowledge, improve processes, and drive organizational success.
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What is an example of goods
A hotel room
A good haircut
A television show
A computer game
Answers
Answer:
The correct answer would be D.) a computer game.Explanation:
Have an amazing day yall.
An example of goods is a computer game.
Why 'a computer game'?
A haircut is a process done by someone on someone's hair. A hotel room is an accomodity. A television show is a visual programme appearing on TV. So, these can't be thought of as goods.
What are goods?Goods are products, i.e., things that we make or grow and aim to sell. For example, we can exchange money for goods and services. So, a hotel rrom, a haircut, or a television show can't be referred as goods.
Thus, an example of goods is a computer game.
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Analyse why the social benefit of education exceed the private benefit
Answers
Answer:
dddddddddddd
Explanation:
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxs
The granting of a loan and the creation of debt; any form of deferred payment.
Answers
Any type of postponed payment, the giving of a loan, and the formation of debt are all considered forms of credit.
What is a deferred payment, in whatever form?One of the most popular types of annuities, deferred payment annuities allow investors to make contributions and get recurring payments over time. Considering that they give predetermined dividends after a specific date, individual retirement accounts (IRAs) are also regarded as deferred payment investments.
What does a charge that a borrower pays a lender for using borrowed funds entail?The fee the lender assesses for extending credit is known as interest. Depending on your history of borrowing, the interest rate may be greater or lower.
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if real income per person was 65279 in the us in 2019, and 63593 in 2020 what was tha nnual growth rate over this time period
Answers
The annual growth rate over the given time period can be calculated using the formula for percentage change.
The formula for percentage change is as follows:
Percentage Change = (New Value - Old Value) / Old Value x 100
We are given the real income per person in the US for 2019 and 2020. We need to find the annual growth rate over this time period. The real income per person in 2019 is $65279, and the real income per person in 2020 is $63593.
Using the formula for percentage change, we can calculate the annual growth rate as follows:
Percentage Change = (New Value - Old Value) / Old Value x 100
Percentage Change = ($63593 - $65279) / $65279 x 100
Percentage Change = -$1686 / $65279 x 100
Percentage Change = -0.0258 x 100
Percentage Change = -2.58%
Therefore, the annual growth rate over this time period is -2.58%.
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Tax and spending decisions made by the president and Congress.
fiscal policy
fiscal period
fiscal expenses
Answers
Any tax and spending decisions made by the president and Congress is known as a fiscal policy.
What is a fiscal policy?In economics, a fiscal policy refers to those policy that are used by governments to stabilize the economy, most specifically, by manipulating allocations of taxes and government expenditures. These policies are used in tandem with monetary policy to achieve certain goals.
In an overview, the goals of both fiscal and monetary policy are to maintain full employment, high rate of economic growth and stabilize prices and wages. Therefore, the tax and spending decisions made by the president and Congress is known as a fiscal policy.
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Whirly's contribution format income statement for the most recent month is shown below: Required: Consider each case independently. You need not prepare a new income statement. Instead, use the incremental approach where possible. 1. What would be the revised operating income per month if the sales volume increases by 90 units? 2. What would be the revised operating income per month if the sales volume decreases by 200 units? 3. What would be the revised operating income per month if the sales volume is 10,800 units?
Answers
If the sales volume increases by 90 units, we can use the incremental approach to determine the revised operating income per month.
If the sales volume increases by 90 units, we can use the incremental approach to determine the revised operating income per month. First, we need to determine the contribution margin per unit. Let's assume the contribution margin per unit remains the same. We can then calculate the increase in operating income as follows: Increase in Operating Income = Increase in Sales Volume * Contribution Margin per Unit
Given that the sales volume increases by 90 units, we can calculate the increase in operating income as:
Increase in Operating Income = 90 units * Contribution Margin per Unit
If the sales volume decreases by 200 units, we can again use the incremental approach to determine the revised operating income per month. Similar to the previous case, we assume that the contribution margin per unit remains the same. The decrease in operating income can be calculated as:
Decrease in Operating Income = Decrease in Sales Volume * Contribution Margin per Unit
Given that the sales volume decreases by 200 units, we can calculate the decrease in operating income as:
Decrease in Operating Income = 200 units * Contribution Margin per Unit
If the sales volume is 10,800 units, we can calculate the operating income using the current contribution margin per unit. The operating income can be determined as:
Operating Income = Sales Volume * Contribution Margin per Unit
Given that the sales volume is 10,800 units, we can calculate the operating income as:
Operating Income = 10,800 units * Contribution Margin per Unit
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When consumers in the United States buy products made by China, they are buying imported goods.
True or False
Answers
A chain of appliance stores, APP Corporation, purchases inventory with a net price of $200,000 each day. The company purchases the inventory under the credit terms of 1/15, net 30. APP always takes the discount but takes the full 15 days to pay its bills. What is the average accounts payable for APP
Answers
the average accounts payable for APP Corporation is $2,970,000.
To find the average accounts payable for APP Corporation, we need to calculate the average amount of money owed to suppliers on a daily basis.
Given that APP purchases inventory worth $200,000 each day and takes the discount of 1%, this means that they only pay 99% of the net price.
To calculate the average accounts payable, we can use the formula:
Average Accounts Payable = (Net Purchases per Day) x (Number of Days to Pay)
Net Purchases per Day = $200,000 x (1 - 0.01) = $198,000
Number of Days to Pay = 15 days
Plugging these values into the formula:
Average Accounts Payable = $198,000 x 15 = $2,970,000
Therefore, the average accounts payable for APP Corporation is $2,970,000.
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what should you point out when demonstrating 2022 murano’s agile handling?
Answers
Based on automobile analysis, what you should point out when demonstrating 2022 Murano's agile handling include "the quick response to steering input."
The other thing to point out when demonstrating 2022 Murano's agile handling is "How level Murano stays during cornering."
2022 Murano is one of the latest vehicles produced by Nissan automobile manufacturer.
2022 Murano was designed to give a premium feel, easy navigation, and meet modern design and features in vehicles.
Hence, in this case, it is concluded that the 2022 Murano is a vehicle designed to give users an excellent experience.
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Identify if the examples are counted in the current or capital account and determine if it is a credit or debit for the US.
-Bill, an American, invests $20 million in a ski resort in Canada
Answers
The example is counted in the capital account and is a debit for the US.
Bill's investment in a Canadian ski resort involves an international transfer of capital. This transaction is recorded in the capital account, as it represents a long-term investment. Since Bill, an American, is sending money out of the country to invest in a foreign asset, it is a debit for the US.
Debits in the capital account indicate an outflow of capital, as the country's residents are investing in foreign assets. In this case, the $20 million investment in the Canadian ski resort represents a capital outflow from the US, hence a debit in the capital account.
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5. Describe at least three investments you want
to make with your income. Explain whether
each one is an equity investment or a debt investment, and explain why you chose these
particular types of investments
Answers
With the money I'd make, I'd like to buy a car as an equity investment.
This item was chosen because it would assist me in getting to work and other locations on my own.
I'd also like to utilize my money to purchase or rent a house, which would also be an equity investment and provide me with a place to live for an extended length of time.
I'd like to invest in a powerful firm that wants to do good in the world; this is a debt investment that would offer the world a strong face.
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1 point
Which of the statements below is TRUE about filing your taxes? (Assume
that your only income comes from the salary you earn at Big Tech
Company.) *
You need to file your tax return by the end of the calendar year (typically December
31st)
If your employer takes out federal income taxes through payroll withholdings, you do
not need to file a tax return
You must file your tax return by April 15th of the following year or request an
extension by that date
You do not need to pay any income taxes until April 15th, so you should ask your
company to wait until after that date to withhold any money
Answers
Answer:
The true statements are;
You must file your tax return by April 15th of the following year or request an extension by that date
Explanation:
The due date at which tax returns are filed timely is on the 15th of April of the following year otherwise the Form 4868 should be filed on or before the 15th of April to obtain Automatic Extension of Time so as to be permitted to File U.S. Individual Income Tax Return while still having those filed tax return still being considered timely.
You must file your tax return by April 15th of the following year or request an extension by that date.
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures. A failure to pay in a timely manner, along with evasion of or resistance to taxation, is punishable by law.The statement that is true about filling the taxes is "You must file your tax return by April \(15th\) of the following year or request an extension by that date.''For more information:
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it is not necessary to do research on a company/organization/position before conducting an informational interview with the company/organization. true or false
Answers
It is false that it is not necessary to do research on a company/organization/position before conducting an informational interview with them.
Does conducting an informational interview require prior research?Researching a company, organization, or position before conducting an informational interview is crucial for several reasons. Firstly, it demonstrates your interest and enthusiasm for the opportunity. It allows you to gather relevant information about the company's background, values, products or services, and recent developments. This knowledge enables you to ask thoughtful questions during the interview and engage in meaningful conversation, showcasing your preparedness and dedication.
Additionally, conducting research helps you tailor your questions and responses to align with the company's goals and culture, making a positive impression on the interviewer. Overall, thorough research before an informational interview maximizes your chances of making a lasting impact and creating meaningful connections within the organization.
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You estimate that your new business's revenue will grow at a compounded rate of 30% each month for the first 6 months. If your third month's revenue is estimated at $5,000, what is your second month's revenue? (Round to the nearest dollar.)
Answers
Answer:
The second month's revenue is $3846.15
Explanation:
The interest rate at which the revenue grow = 30%
Total months or time periods = 6 months
The revenue of third month’s = $5000
Now we have to find the revenue for the second month.
Let the revenue of second month = x
Now, use the below equation to find the second month’s revenue
x + 30% of x = 5000
x + 0.3x = 5000
1.3x = 5000
x = 3846.15
Thus, the second month's revenue is $3846.15
The second month's revenue is $3846.15
The calculation is as follows:
Let us assume the revenue of second month = x
x + 30% of x = 5000
x + 0.3x = 5000
1.3x = 5000
x = 3846.15
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We buy a 16 year, 8%bond, when rates are 9%. If we intend to sell it in 6 years, when rates are 6%, what is its price now and in 6 years from now?
Answers
The price of a bond is influenced by the prevailing interest rates in the market. When interest rates increase, the price of a bond tends to decrease, and vice versa. To calculate the price of the bond now, we need to use the present value formula, which takes into account the bond's cash flows and the discount rate.
The cash flows of the bond are the periodic interest payments and the final principal repayment. Given that the bond has a face value of $1000, an annual coupon rate of 8%, and a maturity of 16 years, we can calculate the price using the present value formula. First, let's calculate the annual interest payment, which is 8% of the face value: 0.08 x $1000 = $80. Next, let's calculate the present value of the annual interest payments. Since the interest rates are 9%, we need to discount the future cash flows. Using the present value of an annuity formula, we can calculate the present value of the bond's interest payments over 16 years: PV = $80 x [1 - (1 + 0.09)^(-16)] / 0.09 = $80 x [1 - (1.09)^(-16)] / 0.09 ≈ $748.51. The present value of the principal repayment, which will be received after 16 years, is simply the face value of the bond: $1000. Therefore, the price of the bond now is the sum of the present value of the interest payments and the present value of the principal repayment: $748.51 + $1000 = $1748.51. Now, let's calculate the price of the bond in 6 years when the interest rates are 6%.
Using the same logic, we can calculate the present value of the bond's interest payments over the remaining 10 years (16 years - 6 years): PV = $80 x [1 - (1 + 0.06)^(-10)] / 0.06 ≈ $592.05. The present value of the principal repayment remains the same at $1000. Therefore, the price of the bond in 6 years from now is the sum of the present value of the interest payments and the present value of the principal repayment: $592.05 + $1000 = $1592.05. To summarize: - The price of the bond now is approximately $1748.51. - The price of the bond in 6 years from now is approximately $1592.05.
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Journalize these transactions for Sampson Co. If an amount box does not require an entry, leave it blank
Answers
The journal entries of these transactions for Sampson Co. using the perpetual inventory method are as follows:
Journal Entries:Dec. 1: Debit Accounts Receivable (Batson Co.) $46,000
Credit Sales Revenue $46,000
Terms 2/15, net 45.
Debit Cost of Goods Sold $38,500
Credit Inventory $38,500
Dec. 6: Debit Cash $45,080
Debit Cash Discounts $920
Credit Accounts Receivable (Batson Co.) $46,000
Transaction Analysis:Dec. 1: Accounts Receivable (Batson Co.) $46,000
Sales Revenue $46,000
Terms 2/15, net 45.
Cost of Goods Sold $38,500
Inventory $38,500
Dec. 6: Cash $45,080
Cash Discounts $920
Accounts Receivable (Batson Co.) $46,000
Question Completion:Dec. 1 Sampson Co. sold merchandise to Batson Co. on account, of $46,000, terms 2/15, net 45.
The cost of the merchandise sold is $38,500.
Dec. 6 The Batson Co. paid the invoice within the discount period.
Sampson Co. uses the perpetual inventory method.
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What capability do smartphones have that telephones with earlier technology lacked?
wireless technology
data services
mobility
voice transmissions
Answers
Answer
data service
Explanation:
edge
Lenders sometimes require the maker of a note to post security for the repayment of the note. This security may be in the form of automobiles, houses, securities, or other property. If a maker fails to repay a note when it is due, the lender can foreclose and take the property as payment for the note.
This property is called _______
Answers
If maker fails to repay note when it is due, lender can foreclose and take property as payment for note. This property is called mortgaged property.
What is a property?The term "property" refers to a set of rights that confers legal ownership over valuable goods as well as the system of rights itself. Private property, public property, and collective property are the three main categories of property in economics and political economy. When several persons hold property jointly, those parties may possess or control it in very similar or very diverse ways, simply or intricately, equally or unequally. Each party's will with respect to the Property shall be plainly stated and steadfast in order to distinguish ownership and easements from rent. The parties may expect their wills to be unanimous or, alternatively, each one individually when there is no possibility of or likelihood of a disagreement with any one of them.
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Instructions: Please answer below:
Do you agree or disagree with the following statement given the techniques discussed in this chapter?
"We can calculate future cash flows precisely and obtain an exact value for the NPV of an investment." Explain.
Answers
The statement that future cash flows can be calculated precisely and that the exact value of the NPV of an investment can be determined is a flawed belief.
It is incorrect to believe that future cash flows can be predicted precisely. While it is possible to estimate expected future cash flows, it is impossible to forecast the future with complete certainty. There is always a level of unpredictability and uncertainty in the future, which could result in changes in economic conditions, market trends, and other variables. While using methods such as time-value-of-money, present value, and future value calculations can aid in forecasting the expected cash flows, they are only estimates, and deviations are possible. These estimates, however, should provide some indication of the future cash flows' range and trends. However, despite the unpredictability of future cash flows, the NPV method can provide an estimate of an investment's worth. The NPV method can provide a way to assess the worth of investment by determining the present value of all future cash inflows and outflows. The sum of the present value of all future cash flows is then used to determine the NPV. The NPV's value can then be used to decide if an investment is worthwhile or not. If an investment's NPV is positive, the investment is worthwhile, and if the NPV is negative, the investment is not worth pursuing. While it is impossible to calculate future cash flows precisely, the NPV method is a valuable tool in assessing the value of an investment.
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Can anybody help me please? :)
According to O*NET, what is the most common level of education required for Nursery and Greenhouse Managers?
master’s degree
bachelor’s degree
associate degree
high school diploma or equivalent
Answers
Answer:
bachleor's degree
Explanation:
hope this helped
it’s B
i hope it helps
if sarah uses her debit card to purchase movies over the internet, then the money to pay the retailer will come from: group of answer choices sarah's m2 funds. the smart card company's m1 funds. the smart card company's m2 funds sarah's m1 funds.
Answers
The smart card company's m1 funds. Currency, demand deposits, and other liquid deposits, such as savings accounts, are all included in the m1 measure of the money supply.
Which forms of currency are included in M1?Currency, demand deposits, and other liquid deposits make up m1, which is made up of the most liquid types of money. Share draft accounts, ATS and NOW accounts, as well as savings deposits, are examples of additional liquid deposits. Small-denomination time deposits and retail money market funds are included in m2's non-m1 components.There are various definitions for how much money is: m1 comprises cash and funds from checking accounts (demand deposits). Traveler's checks, another element of m1, are becoming less common. Savings deposits, time deposits like certificates of deposit, and money market funds are also included in m2, in addition to m1.To learn more about Demand deposits refer to:
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Select the correct answer.
What is the purpose of a 1098 tax form?
ОА.
to report interest income from bank accounts
OB.
to report dividends or capital gains from stock investments
Ос. .
to report federal income taxes withheld by an employer
OD.
to claim qualified expenses such as deductions or credits
O E.
to correct mistakes on an already filed tax return
Reset
Next
Answers
Answer:
D. to claim qualified expenses such as deductions or credits
Explanation:
To find - What is the purpose of a 1098 tax form?
Solution -
The correct option is - D. to claim qualified expenses such as deductions or credits
Reason -
Form 1098 T tuition statement is an american IRS tax form filed bu eligible educational institutions(or those filing on the institutional's behalf)
To report payments received and payments due from the paying students.
The institution has to report a form for every student that is currently enrolled and paying qualifying tuition and related expense.
I give you loooots of points for this very important question......
Truth....or daaare???!
Answers
Answer:
truth
Explanation:
Answer:
Truth
Explanation:
Giant's Place is considering buying new laundry equipment. Mr. New Yorker, the owner, is faced with the following two alternatives: buy or continue using the present one. Additional Information Assume that the laundry equipment has a five-year life, and current market value of the present equipment is $3,500.
A. Which of the following group of costs contains all irrelevant costs?
Group of answer choices
Major Repairs & Labor
Labor, Utility & cost of old equipment
Major Repairs & Utility
Labor, Utility & cost of new equipment
B. What is the total relevant expense for using ‘New Equipment’?
Group of answer choices
$20,500
$12,500
$16,000
$16,500
C. What is the total expense for using ‘Old Equipment’?
Group of answer choices
$16,000
$17,500
$17,000
$16,500
D. Which alternative do you recommend?
Group of answer choices
Neither
Buy New
Keep Old
Answers
The relevant costs for buying new equipment are lower than the relevant costs for continuing to use the old equipment, so Giant's Place should buy new equipment.
A. Which of the following group of costs contains all irrelevant costs?
The correct answer is Major Repairs & Labor. These costs are irrelevant because they will be incurred regardless of whether Giant's Place buys new equipment or continues using the old equipment.
B. What is the total relevant expense for using ‘New Equipment’?
The correct answer is $16,500. This is the sum of the purchase price of the new equipment ($12,500) and the annual operating costs ($4,000).
C. What is the total expense for using ‘Old Equipment’?
The correct answer is $17,500. This is the sum of the annual operating costs ($4,000), the cost of major repairs ($5,000), and the market value of the old equipment ($3,500).
D. Which alternative do you recommend?
I recommend that Giant's Place buy new equipment. The relevant costs for the new equipment ($16,500) are lower than the relevant costs for the old equipment ($17,500). Therefore, buying new equipment will save Giant's Place money in the long run.
New Equipment: Purchase price ($12,500) + Annual operating costs ($4,000) = $16,500
Old Equipment: Annual operating costs ($4,000) + Cost of major repairs ($5,000) + Market value of old equipment ($3,500) = $17,500
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