The remaining amount ($6,000 – tax benefit) is included in gross income for the current year.
Since Green took a bad debt deduction of $16,000 in the prior year, the recovery of $6,000 must be included in gross income in the current year to the extent it provided a tax benefit. The tax benefit was $16,000 × the corporation’s marginal tax rate, which will be used to offset the current year's taxable income.
When a taxpayer takes a deduction for a bad debt, the deduction reduces the taxpayer's taxable income for the year in which the deduction is taken. However, if the taxpayer later recovers any portion of the bad debt, that recovery must be included in gross income to the extent that the deduction provided a tax benefit in the prior year.
In this case, Green Corporation took a $16,000 bad debt deduction on last year's tax return based on the expectation that it would receive only 20 cents on the dollar from John, who had filed for bankruptcy. This deduction reduced Green's taxable income for that year.
To know more about deduction,
https://brainly.com/question/30711258
#SPJ11
Which of the following statements is true about inflation? The effects of inflation are spread evenly throughout the economy. Inflation keeps the effects of interest rate on the broader economy constant. O Inflation ensures purchasing power remains constant. • Inflation redistributes purchasing power in the economy.
The statement that is true about inflation is: "Inflation redistributes purchasing power in the economy."
Inflation refers to the general increase in prices of goods and services over time, resulting in a decrease in the purchasing power of money. As prices rise, the value of money decreases, and people can buy fewer goods and services with the same amount of money. This redistribution of purchasing power means that some individuals or groups may be negatively affected by inflation, while others may benefit. For example, individuals with fixed incomes may find it more challenging to maintain their purchasing power, while individuals with assets that increase in value with inflation may experience an increase in their purchasing power.
To learn more about purchasing
https://brainly.com/question/27975123
#SPJ11
In recent years, there has been a shift from a focus on diversity to a focus on inclusion. T\F
True. In recent years, there has indeed been a shift from a focus solely on diversity to a broader focus on inclusion. While diversity and inclusion are related concepts, they have distinct meanings and objectives. Diversity refers to the representation and presence of different identities, backgrounds, and perspectives within an organization or society. It emphasizes the need for equal opportunities and access for individuals from various demographic groups.
On the other hand, inclusion goes beyond diversity by creating an environment where individuals feel valued, respected, and empowered to fully participate and contribute. It involves fostering a sense of belonging, embracing diverse perspectives, and ensuring equitable treatment and opportunities for everyone.
This shift from diversity to inclusion recognizes that diversity alone does not guarantee equal participation or meaningful engagement. Inclusion acknowledges the importance of creating a culture and practices that embrace diversity, dismantle barriers, and promote equity and fairness. It aims to create a sense of belonging for all individuals, regardless of their backgrounds, and harness the benefits of diversity for collective success
To know more about shift from diversity, please visit
https://brainly.com/question/31753220
#SPJ11
In a limited partnership, the limited partner has the legal authority to make decisions that affect the company without
having to consult the general partner.
True
False
Straight hair can be curled and curly hair can be straightened by exposing wet hair to a reducing agent, repositioning the hair with rollers, then exposing the hair to an oxidizing agent. What are the roles of the reducing and oxidizing agents
The roles of reducing agents is that they limit the effect of other substances on the hair while the oxidation agent gains electron by the oxidation of other substances.
What are reducing and oxidizing agents?The oxidation agents are the substances that reduces given the fact that they are oxidizing agents and also accepting electrons.
The reducing agent on the other hand is one that loses electron and also gets oxidized.
Read more on reducing and oxidizing agents here:
https://brainly.com/question/19599298
What does productivity measure for a business?
A. Its efficiency in creating its product
B. Its ability to generate capital investment
C. Its variety of products on the market
O D. Its share of a market compared to competitors
Answer:
A. Its efficiency in creating its product
Explanation:
Productivity describes various measures of the efficiency of production. Often, a productivity measure is expressed as the ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time
Productivity measure for a business: its efficiency in creating its product. Thus, option A is the correct option.
What is Productivity?The effectiveness with which products and services are produced can be referred to as production process productivity. The most common method for determining productivity is to compare an aggregate output with a single input or an aggregate input with an aggregate output over time. Productivity refers to how quickly someone completes a task.
It may be described as the pace at which a business or nation creates products and services (output), often assessed in relation to the quantities of inputs (labor, capital, energy, or other resources) utilized to generate those goods and services. One of the main drivers of economic expansion and competitiveness is productivity.
Learn more about Productivity here:
https://brainly.com/question/30333196
#SPJ7
robert is the marketing director for a real estate agency that specializes in commercial real estate. part of his job responsibilities include developing brochures and business cards for the agents, purchasing billboard space to promote the company's brand, and purchasing ad keywords in high profile search engines. all of these purchases that he makes on behalf of the real estate firm are examples of:
All of these purchases that you make on behalf of a real estate company are examples of exchanges between companies.
What are the four different forms of B2B marketing exchanges?
We have divided many corporate customers in B2B markets into four basic groups to better understand them: manufacturers, retailers, governments and institutions. Business-to-Business (B2B) means a contract or transaction between two companies, e.g. B. a wholesaler and a retailer. B2B transactions often take place in the supply chain, when one company buys raw materials from another to use in the manufacturing process.
B2B e-commerce involves transactions between a manufacturer and a wholesaler or between a wholesaler and a retailer via an online sales platform.
To learn more about Business-to-Business refer to:
brainly.com/question/26506080
#SPJ4
thornton company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. the expected overhead costs for the next fiscal year include the following.
The allocated amount for cups is $1,40,400, tablecloths is $2,21,400 and for bottles it is $3,32,100
Rent, electricity, company permits, accounting fees, advertising charges, and payroll are all examples of overhead costs. While direct costs, like those for raw materials or packaging supplies, are directly related to the good or service you offer, these costs are fairly predictable and constant. Your direct costs will rise proportionately as your sales do.
Particulars Allocation Rate Hours Allocated Amount
Cups $270 520 $1,40,400
Tablecloth $270 820 $2,21,400
Bottles $270 1,230 $3,32,100
Total 2,570 $6,93,900
The Allocation rate = Allocated Amount / Hours
=> $6,93,900 / 2570
$270
Learn more about costs:
https://brainly.com/question/15135554
#SPJ4
According to the concept of the invisible hand, what emerges due to the self-interested
choices of buyers and sellers in a free market?
Answer: The invisible hand is a metaphor for how, in a free market economy, self-interested individuals can promote the general benefit of society at large.
Does decreasing the value of the local currency contributes in the increase of the economic growth rate
Answer:
Yes
Explanation:
Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are most likely to purchase cheap goods.
The economic growth rate of a nation is the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.
increasing the right-hand side of a nonbinding constraint will not cause a change in the optimal solution. t/f
The given statement "Increasing the right-hand side of a nonbinding constraint will not cause a change in the optimal solution" is true because a nonbinding constraint in linear programming is one in which the current optimal solution does not use all the resources allocated in the constraint.
The optimal solution does not change because the increase in the right-hand side of a nonbinding constraint does not change the available resources, it just changes the limit to the amount of resources that can be used. This means that even if the limit is increased, the optimal solution will continue to use only the resources it originally used, and the additional resources will remain unused.
Increasing the right-hand side of a binding constraint, on the other hand, can cause a change in the optimal solution because it changes the amount of resources that can be used, and therefore may change which set of resources the optimal solution uses. However, it should be noted that a change in the right-hand side of any constraint (binding or nonbinding) can affect the feasibility of the problem.
To know more about constraint click here
brainly.com/question/17156848
#SPJ11
Quick on a timed test and need help!!!!!
Carleton is an employee in the Design/Pre-Construction pathway and typically works outside. Judd also works outside and is typically found building new roofs on buildings. Which best describes the jobs of Carleton and Judd?
1. Carleton is a Surveyor, and Judd is a Carpenter.
2. Carleton is a Drafter, and Judd is a Carpenter.
3. Carleton is a Surveyor, and Judd works in Maintenance.
4. Carleton is a Drafter, and Judd works in Maintenance.
Answer:
Carleton is a Surveyor and Judd is a Carpenter.
Explanation:
Answer:
A
Explanation:
Got it right on edge 2020
what are some common problems caused by the use of technology in a service setting? multiple select question.
Some common problems caused by the use of technology in service settings are technical glitches that lead to system downtime and a lack of personal touch and human interaction. Here option A and B are the correct answer.
The use of technology in a service setting can bring about many benefits such as increased efficiency and reduced waiting times. However, it can also lead to some common problems that may affect the quality of service provided. One of the primary problems is technical glitches leading to system downtime. When technology fails, customers are unable to access services or products, which can lead to frustration and dissatisfaction.
Another issue caused by technology is the lack of personal touch and human interaction. Automated services and chatbots may not provide the same level of empathy and understanding that a human representative can offer. This can make customers feel undervalued and may result in decreased loyalty to the brand.
Moreover, technology can lead to security breaches and data privacy concerns. As more information is stored digitally, there is an increased risk of unauthorized access and theft of sensitive data. Difficulty in adapting to new technology is also a common problem. Some customers may not be comfortable using new systems or interfaces, leading to a reluctance to engage with the technology.
To learn more about technology
https://brainly.com/question/28288301
#SPJ4
Complete question:
What are some common problems caused by the use of technology in a service setting?
A. Technical glitches leading to system downtime
B. Lack of personal touch and human interaction
C. Security breaches and data privacy concerns
D. Difficulty in adapting to new technology
E. Increased cost of service provision
Why might working on a commission basis make dealing with finances more difficult?
(need a few sentences)
Managerial accountants:
a. create the company’s financial statements that are submitted to government agencies such as the Internal Revenue Service.
b. negotiate contracts with suppliers
c. create financial reports and provide other types of accounting information to investors.
d. provide managers within the organization with reports to make good business decisions.
Managerial accountants provide managers within the organization with reports to make good business decisions.
Who are Managerial accountants?They are account managers, they help a company to manage the financial account and hep to make decisions based on the trend on the account.
They also hep perform various task that is associated with the account.
Therefore, Managerial accountants provide managers within the organization with reports to make good business decisions.
Learn more on managerial accounting here,
https://brainly.com/question/25161518
#SPJ1
you purchase a two-acre lot at $90,000 per acre. if you subdivide the lot into four lots and sell each of those lots for $40,000, what will your percentage of profit or loss be?
Take the selling price and subtract the initial purchase price. The result is the gain or loss. Take the gain or loss from the investment and divide it by the original amount or purchase price of the investment.
what will your percentage of profit or loss be?
You can easily determine a company's profit margin by subtracting the cost of goods sold (COGS) from its total revenue and dividing that figure by the total revenue. Multiply that figure by 100 to get a percentageTo find the net gain or loss, subtract the purchase price from the current price and divide the difference by the purchase prices of the asset. For example, if you buy a stock today for $50, and tomorrow the stock is worth $52, your percentage gain is 4% ([$52 - $50] / $50).Profit = Selling Price - Cost Price. Similarly, in the case of loss, the cost price is more than the planned selling price. Profit % = Profit/Cost Price × 100. Loss % = Loss/Cost Price × 100.To learn more about profit refers to;
https://brainly.com/question/1078746
#SPJ4
Why is online better than traditional?
saves time, saves transportation expenses, you can shop at any time you want, products are cheaper, you don't have to wait in the checkout line, you don't have to worry about crowds, and it is easier to search for what you want.
Assume GDP was $19.5 trillion in a recent year (2022). It was $19.0 trillion the year before (2021).
What was the economic growth rate?
The economic growth rate, given the GDP in the past year and the current GDP, is 2. 63 %
How to find the economic growth rate ?A country's economic growth rate is the difference in value, expressed as a percentage, between all the products and services produced during a given time period and those produced earlier in the same time period. The comparative health of an economy over time is assessed using its growth rate.
To find the economic growth rate, the formula is :
= (Current Gross domestic product - Past gross domestic product ) / Past gross domestic product x 100 %
= ( 19 . 5 trillion - 19 . 0 trillion ) / 19. 0 trillion x 100 %
= 0. 5 trillion / 19 trillion x 100 %
= 0. 0263 x 100 %
= 2. 63 %
Find out more on economic growth rate at https://brainly.com/question/1690575
#SPJ1
Which EPEAT criteria ask manufacturers to take their products back when they are no longer useful?
A. Latent Return Policies (2.1)
B. End of life management
C. Dormant Return Policy
D. Non-Usefulness Statement Form
The EPEAT criteria that ask manufacturers to take back their products when they are no longer useful is the End of Life Management criterion. So, the correct answer is B. End of life management.
This criterion requires manufacturers to provide options for the environmentally safe disposal of their products at the end of their useful life, including take-back programs.
Take-back programs ensure that the products are properly disposed of or recycled, reducing the environmental impact of e-waste. This criterion also requires manufacturers to disclose the materials used in their products, making it easier for recyclers to identify and extract valuable components.
Overall, the End of Life Management criterion encourages manufacturers to design products that can be easily recycled or disposed of, ensuring a more sustainable future for the environment. Therefore, the correct answer is option B.
To know more about EPEAT refer here:
https://brainly.com/question/29410463#
#SPJ11
A budget is prepared as part of a(n) _____ plan.
Answer:
Financial
Explanation:
Answer:
A budget is part of a financial plan.
Explanation:
Financial work is anything having to do with money, and a budget is a plan for spending money. Therefore, budgets are part of a finance plan!!
You've been meaning to fix those rotted boards on your porch for years. Finally, last week the deck gave way. The replacement will cost you $3,000. Will you be able to recover the cost of replacement (less your deductible) from your homeowner's insurance?
We will not be able to recover the cost of replacement (less deductible) from the homeowner's insurance policy.
What is homeowner's insurance?This is an insurance that provide cover on the insured's home's structure and belongings in the event of a destructive event such as a fire, storm, hurricane, lighting, flood etc
A natural destruction resulting from a wear and tear is not covered under the homeowner's insurance.
Therefore, you will not be able to recover the cost of replacement from the homeowner's insurance policy.
Read more about homeowner insurance
brainly.com/question/1973043
1. Which of the following is an impact of increase in income tax of an individual?
A. Rise in disposable income
B. Increase in the ability to invest
C. Increase in the level of savings
D. Decrease in the purchasing power
Answer:
A
Explanation:
the answer is a because you get more free money with your income taxes therefore making more money that you can use on personal things
Rug emporium, a manufacturer of large area rugs, markets its products throughout the united states using a network of regional sales offices. they are using a ________ sales force structure.
The rug emporium is using a territorial sales force structure. This structure is one of the most common in sales force structures, and it is characterized by a sales force that is divided into separate geographical regions.
The sales team is responsible for selling the company's products within their assigned region. The advantage of this structure is that it allows the company to customize its sales and marketing strategies to the needs of each region. Each regional sales team can focus on the specific characteristics of its area, such as the local culture, customs, and preferences of potential customers.
To know more about territorial sales click here
https://brainly.com/question/17192775
#SPJ4
What phrase could a licensee use in advertising that would not discriminate on the basis of familial status
Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
A familial status discrimination is known to occurs when the landlord, manager or property owner treats someone very differently.
The other options clearly discriminate the familial status.
Hence, the Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
Therefore, the Option is correct.
Missing options "Couples only Empty nesters No bicycles allowed Senior discount"
Read more about Discount
brainly.com/question/912869
healthcare, paid time off, disability insurance, and matching contributions to a retirement account are all types of
Answer:
people
Explanation:
because I know ..........................
What encourages
people to buy
shares in the
ownership of a
private limited
company?
which of the following statements is correct? a) ethical conflicts usually arise in trying to serve the needs of separate constituents. b) setting ethical standards is always clear-cut. c) the ethical values of individual employees have no influence on the decisions and actions a business takes. d) setting ethical standards is easy.
a) Ethical Conflicts usually arise in trying to serve the needs of separate constituents.
Ethical Conflicts arise when team members lack unity and share ethical priorities. According to research, only 16% of ethical quandaries are the result of bribery, corruption, or anti-competition issues.
The vast majority of these quandaries are not related to corruption in and of themselves, but rather to one of three factors: competing interests, misaligned incentives, or clashing cultures.
A leader who is asked to lead mergers and acquisitions, reduce staff numbers, or sell large businesses in major markets may face competing interests, which could create an ethical conflicts.
When a company rapidly expands, especially globally, the ethics or interests of one culture may clash with those of another.
To learn more about ethical conflicts, please refer:
https://brainly.com/question/23944150
#SPJ4
What tax form will you receive from an
employer if you are hired as an
independent contractor?
A. 990 form
B. W2 form
C. 1099 MISC form
D. Child Tax Credit form
Answer:
see the answer
Explanation:
I think it's B
Follow and like meDefine ''limited in stock''
Answer:
Explanation:
it means that the product wont be around aymore since its limited to retailer?
How to get bonded and insured for a small business?.
1.Select your number of employees and bond amount
2.Enter your contact information
3.Enter your company information
4.Select when you would like your bond to start and the type of work you will be doing
5.Pay online and a receipt will be sent to your inbox immediately
A good website to visit is suretybonds.com
Which leadership skill do you feel is most important for a small business to succeed for a
long time? Explain your answer using examples. It's depends on the business that they are doing because they all have strengths and weakness.