Answers
Answer:i think vinsmart is ok
Explanation:
Related Questions
Your uncle just won the weekly lottery, receiving $375,000, which he invested at a 7.5% annual rate. He now has decided to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. What is the maximum number of whole payments that can be withdrawn before the account is exhausted, i.e., before the account balance would become negative? (Hint: Round down to the nearest whole number.)
Answers
Answer:
22
Explanation:
Calculation to determine the maximum number of whole payments that can be withdrawn
Based on the information given we would be using financial calculator to determine the maximum number of whole payments that can be withdrawn which represent N
PV -$375,000
PMT $35,000
I 7.50% Annual rate
FV $0
N ?
Hence;
N=22
Therefore the maximum number of whole payment that can be withdrawn will be 22
what is a savings and loans bank? advantages and disadvantages.
Answers
Three advantages of savings accounts are the potential to earn interest, it's easy to open and access, and FDIC insurance and security. Three disadvantages of savings accounts are minimum balance requirements, lower interest rates than other accounts/investments, and federal limits on saving withdrawal.
5. The process of production is complete
when...
A.goods of the right quality and
quantity reach the consumers.
B.the manufacturer produces a given
amount of goods.
C. retailers prepare goods for sale to consumers.
D. wholesalers buy goods from the
manufacturer.
Answers
The process of production is complete when retailers prepare goods for sale to consumers. Hence, Option C is correct.
What is the production process?Capital, labour, technology, land, and other resources are considered factors of production because they are utilised to produce output, which includes commodities and services.
One of the most crucial procedures in manufacturing is production, which is essential to understanding what it means to be a manufacturer. Without this activity, there would be nothing produced that could be sold to buyers as finished goods.
Therefore, Option C is correct.
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Suppose labor's share of output is 70% and capital's share of output is 30%. The country finds that its output grew at a rate of 3. 4% during the past year, its labor force grew by 2%, and its capital grew by 3%. In this case, labor contributed % to the growth of output, capital contributed % to the growth of output, and the implied rate of growth in technology was %.
Answers
Assume that 30% of the production belongs to capital, while 70% belongs to labour. The nation discovers that its productivity increased by 3.4% over the previous year.
What is Productivity?The term "productivity" in ecology refers to the rate of biomass production in an ecosystem, which is typically stated in terms of mass per volume (surface area) per period of time, such as grammes every square metre per day (g m2 d1). The term "mass" can refer to either the mass of created carbon or to dry stuff. Primary productivity refers to the output of autotrophs like plants, whereas secondary productivity refers to the output of heterotrophs like animals. Several techniques, such as increment summation, removal summation, the instantaneous growth approach, and the Allen curve method, can be used to estimate secondary production. The environment being studied and the assumptions made by each method will determine which should be used.
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Why is important for security and privacy to be considered as important fact when It comes to the design, development and maintenance of an HRIS
Answers
Answer:
its verey important because its our privacy
Writers should use words carefully and construct sentences skillfully to emphasize main ideas and de-emphasize minor ideas. Choose the best response. Which of the following labels the main idea for the reader?
a. Janes needs to proofread the proposal and changes need to be made
b. First, please make the changes to the second section of the proposal changes, and then have Jane proofread the entire proposal.
Answers
Answer:
Option b is correct.
Explanation:
The statement in option ''b" is the correct option for laying emphasis on the main idea and de-emphasizing the minor ideas, that is;
"First, please make the changes to the second section of the proposal changes, and then have Jane proofread the entire proposal."
The above statement is a detailed one and shows the step by step instructions or requirements;
1." First, please make the changes to the SECOND SECTION of the proposal changes.''
The SECOND SECTION the writer mentioned lay emphasis on the second section of the proposal CHANGES AND NOT THE WHOLE.
2. "and then have Jane proofread the ENTIRE proposal"
The writer wants Jane to do the PROOFREADING of the ENTIRE proposal.
How can a computer system make documenting orders more efficient?
A. By automatically checking customers' credit
B. By accepting orders at the company's website
C. By automatically generating shipping forms
D. By keying orders into a computer
Answers
by automatically generating shipping forms
Answer:
by automatically generating shipping forms
Explanation:
5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60%
Answers
Answer: C. 40.4%
Explanation:
To find the rate of change in production, we can use the following formula:
Rate of change = (New value - Old value) / Old value * 100
Where,
Old value = Production of last month = 900
New value = Production of this month = 1264
Substituting the values in the formula,
Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%
Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!
Answer:
The correct answer is C.
Explanation:
The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%
A property line conflict between neighbors Prakhash and Elliott escalated as the years went on. The police were called frequently to deal with loud arguments and acts of vandalism between the two until Officer Graves referred them to a community mediation center. In the two weeks since the mediation, the number of calls to police had dropped. Officer Graves contacted Martin, the mediator, and asked if she should consider the conflict resolved. Martin replied that the parties had agreed to meet again for another mediation session, but that the matter of the property line remained a point of tension.
Answers
The next day, Graves called the mediation center to tell Martin that Prakhash and Elliott had had a physical altercation, and both were charged with assault.
Which of the following best describes the status of the conflict now?
a) the conflict was resolved
b) the conflict is in the post-conflict stage
c) the conflict re-escalated
d) the conflict de-escalated
The answer to this question is that the conflict re-escalated
A conflict can be described as a very serious disagreement on ideas or interests that can linger on for a long period of time if not resolved.
Re-escalation means that the conflict started to get very serious again even after a mediator stepped in.
Because a mediator party had already stepped into the case and they were already trying to resolve issues, a physical altercation means that it re-escalated.
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As it applies to corporations, employee-owner separation means that many employees
Answers
As it applies to corporations, employee-owner separation means that many employees can be separated from organization as a result of resignation, removal, death, permanent incapacity, discharge or retirement and they as employee are not stockholders of the company for which they work.
For better understanding, lets explain ownership and control in firms
Separation of Ownership and Control in firm is done by Shareholders. They hire managers to manage the firm on their behalf. Employee only work for shareholders. Employees can be separated from organization as a result of resignation, removal, death, permanent incapacity, discharge or retirementFrom the above, we can therefore say that the answer that as it applies to corporations, employee-owner separation means that many employees can be separated from organization as a result of resignation, removal, death, permanent incapacity, discharge or retirement and they as employee are not stockholders of the company for which they work is true
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Which statement about studying management is most likely true?
Management is universally needed in all organizations.
Nonbusiness professionals do not benefit from studying management because they don't supervise people.
Studying management will inevitably enable you to earn more money and be a better manager.
As the holacracy concept expands, the need for traditional managers grows.
There is little value to studying management if your aspirations do not include transitioning into a management
position.
Answers
The statement about studying management that is most likely true is that Management is universally needed in all organizations.
What is Management?Management can be described as the process that is been usd in almost all the organization ranging from the non governmental organization to the governmental organization which involves the planning as well as managing the resources as well as other tools that is been used in the organization so that the goals as well as the main objectives of the organization can be achieved.
It should be noted that the management is very essential because without management there will no be planning and the process of planning is very essential because it help in defining the goals as well as the task that is required by the teams in the organization and this can help the team that wil;l organize this task and how it would be achieved , hence the process of management can be seen in all the organization.
Therefore the first option is correct.
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Great talkers are never great doers essay
Answers
Great talkers are never great doers means people who make loud and loud promises rarely keep their promises.
Meaning -There are many such talkative people who use lofty terms to show off their worth and blow their trumpets just to hide their inner weaknesses and vices. They are like empty ships that often ring. However, their vanity and selfishness often put them in a very low position when in times of crisis they display white feathers that are at odds with their lofty rhetoric.
On the hand, someone who speaks little, believes in deeds, and knows his or her limits proves to be sincere enough to keep his promises.
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The key to entrepreneurial success over time is to build a ________ competitive advantage.
Answers
Answer:
b. sustainable
Explanation:
your organization is experiencing severe cash flow problems and you are required to minimize costs in your small project as much as possible. which of the processes could you consider eliminating in such a scenario?
Answers
In light of this, if you're unsure of how to spend your extra money, try investing it in one of these areas.
What are the many kinds of cash?Bills, coins, bank deposits, payment orders, and checks are all examples of cash. Cash is utilized to pay off debts or to buy products and services. Post-dated checks and accrued liabilities are examples of items that do not fit the concept of cash.
What do accounts with cash mean?What is money? In accounting and finance, the phrase "cash" refers to instantly available funds (currency).. It might be stored physically, retained digitally, or put into a short-term money market. Cash only refers to money that is physically present while discussing economics.
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When the economy experiences an expansion, it is most likely the case that
Answers
Answer:
there is a bigger money pool and became popular
Answer:
they will experience relatively rapid growth, interest rates will be low, production increase, and inflationary pressure builds
PLEASE HELP ASAP!! (35 POINTS)
Why do some employees decline to participate in a company’s 401(k) program?
A. They already have too much set aside for retirement.
B. They are certain they will work all their lives and never retire.
C. They don’t want the company to provide matching funds.
D. They don’t want to set aside part of each paycheck.
- Please only put the correct answer and no links.
Answers
Answer: c
Explanation:
4. When viewing a graph, you see that there is a
shift in the demand curve to the right for sub sandwiches. This could be the result of
•an increase in the price of subs
•an increase in the price of burgers, a substitute for subs
•an increase in the price of soda, a compliment for subs
•a change in quantity demanded
Answers
Answer:
an increase in the price of burgers, a substitute for subs
Explanation:
A substitute good is a good that can be consumed in place of another good. If the price of burgers increases, the demand for burgers would fall and there would be an increase in the demand for the cheaper subs. An increase in demand leads to a rightward shift of the demand curve.
A change in the price of a good leads to a movement along the demand curve for that good.
A compliment good is a good that is consumed with another good. If the price of soda rises, the demand for subs would fall and the demand curve would shift to the left
According to the author, what kind of yelling boss is bad one?
Answers
According to the author, a bad yelling boss is one who yells for no reason or who yells in a way that is abusive or demeaning.
What does the author say?Yelling can be a form of bullying, and it can create a hostile work environment. It can also lead to decreased productivity, increased stress, and decreased morale.
Some signs of a bad yelling boss according to the author include:
They yell often, for no reason, or in a way that is abusive or demeaning.They make threats or use intimidation to get their way.They are quick to criticize and slow to praise.They create a hostile work environment where employees feel uncomfortable or unsafe.Find out more on bad bosses at https://brainly.com/question/32149509
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The source is from an excerpt on Toxic Working Environments.
I What is the deprection expense for the month Aust
Answers
Answer:
Explanation:
Depreciation is a way for businesses to allocate the cost of fixed assets, including buildings, equipment, machinery, and furniture, to the years the business will use the assets.
For book purposes,
Most businesses depreciate assets using the straight-line method.
To calculate depreciation using the straight-line method, subtract the asset’s salvage value (what you expect it to be worth at the end of its useful life) from its cost. The result is the depreciable basis or the amount that can be depreciated. Divide this amount by the number of years in the asset’s useful lifespan. Divide by 12 to tell you the monthly depreciation for the asset.
Depreciation can be calculated on a monthly basis in two different ways.
Determining monthly depreciation for an asset depends on the asset’s useful life, as well as which depreciation method you use.
i) Straight-Line Method
To do the straight-line method, you choose to depreciate your property at an equal amount for each year over its useful lifespan.
ii) Declining Balance Method
This method is used to recognize the majority of an asset’s depreciation early in its lifespan.
iii) Sum-of-the-years’-digits (SYD) Method
The method that takes an asset’s expected life and adds together the digits for each year is known as the sum-of-the-years’-digits (SYD) method. This is an accelerated method to calculate depreciation.
iv) Modified Accelerated Cost Recovery System (MACRS) Method
For tax purposes, businesses are generally required to use the MACRS depreciation method. It’s an accelerated method for calculating depreciation because it allows larger depreciation write-offs in the early years of the asset’s useful life.
Economic ordering quantity with safety stock (LO5) Diagnostic Supplies has expected sales of 84,100 units per year, carrying costs of $5 per unit, and an ordering cost of $10 per order.
a. What is the economic order quantity?
b. What is the average inventory? What is the total carrying cost?
c. Assume an additional 80 units of inventory will be required as safety stock. What will the new average inventory be? What will the new total carrying cost be?
Answers
Answer:c. Assume an additional 80 units of inventory will be required as safety stock. What will the new average inventory be? What will the new total carrying cost be?
Explanation:
Answer:
"Diagnostic Supplies has expected sales of 84,100" units per year, carrying costs of $5 per unit, and an ordering cost of $10 per order.
Explanation:
Each of the following items must be considered in preparing a statement of cash flows (indirect method) for Turbulent Indigo Inc. for the year ended December 31, 2017 State where each item is to be shown in the statement of cash flows, if at all. Items
(a) Plant assets that had cost $20,000 6 years before and were being depreciated on a straight-line basis over 10 years with no estimated scrap value were sold for $5,300.
(b) During the year, 10,000 shares of common stock with a stated value of $10 a share were issued for $43 a share
(c) Uncollectible accounts receivable in the amount of $27,000 were written off against Allowance for Doubtful Accounts.
(d) The company sustained a net loss for the year of $50,000. Depreciation amounted to $22,000, and a gain of $9,000 was realized on the sale of land for $39,000 cash.
(e) A 3-month U.S. Treasury bill was purchased for $100,000. The company uses a cash and cash equivalent basis for its cash flow statement.
(f) Patent amortization for the year was $20,000
(g) The company exchanged common stock for a 70% interest in Tabasco Co. for $900,000.
(h) During the year, treasury stock costing $47,000 was purchased
Answers
Answer:
(a) Plant assets that had cost $20,000 6 years before and were being depreciated on a straight-line basis over 10 years with no estimated scrap value were sold for $5,300.
increases cash flows from investing activities(b) During the year, 10,000 shares of common stock with a stated value of $10 a share were issued for $43 a share
increases cash flows from financing activities(c) Uncollectible accounts receivable in the amount of $27,000 were written off against Allowance for Doubtful Accounts.
this corresponds to bad debt expense which is included in the income statement(d) The company sustained a net loss for the year of $50,000. Depreciation amounted to $22,000, and a gain of $9,000 was realized on the sale of land for $39,000 cash.
the net loss and the gain on the sale of land decreases the cash flows from operating activities, while the depreciation expense increases it.the $39,000 received will increase cash flow from investing activities(e) A 3-month U.S. Treasury bill was purchased for $100,000. The company uses a cash and cash equivalent basis for its cash flow statement.
not included in teh cash flow statements(f) Patent amortization for the year was $20,000
increases cash flow from operating activities (in a similar way than depreciation)(g) The company exchanged common stock for a 70% interest in Tabasco Co. for $900,000.
this is a non-cash financing and investing activity(h) During the year, treasury stock costing $47,000 was purchased
decreases cash flow from financing activitiesOrganization Culture Profile (OCP) is a framework that provides an insight into different organization types. Which of the
following does NOT accurately describe OCP in all corporations?
O Innovation
O Detail-oriented
O Outcome-oriented
O Values
Answers
The option that doesn't festive Organization Culture Profile is D. Values.
What is Organization Culture Profile?Organization Culture Profile simply means the outcome oriented culture that emphasize results, achievements, as important values.
OCP comprises of dimensions such as respect, outcome orientation, tram oriented, innovation, etc.
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Post-assessment
Question 2 of 10
Which of these is true about social signals?
Answers
The option which is always true about social signals is : "They may have different meanings across cultures."
What are social signals?Social signals are interactions between social media users and the content you share on your website.
Below are some examples of social signals. Someone shared a link to a page on your site in a public Fac. ebook post. The post will receive likes, comments and other shares. Social signals are interactions and engagement between people with posts on social media.
Social signals include: Fac. ebook likes, comments and shares. Tw. itter likes, retw. eets, quotes and conversations.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Which of these is true about social signals?A. They are always clear and obvious.B. Only peers send them to each other.C. They tell you everything you need to know.D. They may have different meanings across cultures.
By promoting transparency, the government can improve
a.profit margins
b.economies of scale
c.market efficiency
d.zoning
Answers
Answer:
Option c. is correct
Explanation:
By promoting transparency, the government can improve market efficiency.
The government should be transparent as transparency will also strengthen the democracy and effectiveness in Government. Openness provides information to the citizens about what their Government is doing for them.
Option c. is correct
Assume real income increased in the United States. Draw a correctly labeled graph of the foreign exchange market for the yen, and show the effect of the increased real income in the United States on the equilibrium exchange rate for the yen.
Answers
Note that when the actual income of US rises, so does the country's import demand. This means that at every level of the exchange rate, there will be more demand for Yen to conduct these import-related activities.
What is the rationale for the above response?It is to be noted that Like any other general market, the Foreign Exchange market (Forex) has a supply and demand side. There is the SS of the foreign currency on the supply (SS) side and the DD for the foreign currency under consideration on the demand (DD) side.
Hence, when the actual income of US rises, so does the country's import demand. This means that at every level of the exchange rate, there will be more demand for Yen to conduct these import-related activities. As a result, the Yd curve will change from Yd0 to Yd1. As a result, the equilibrium $/Yean exchange rate will rise from e0 to e1, indicating that the Yen has increased in value relative to the Dollars.
See attached graph for more details.
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XYZ Co is considering a major expansion program that has been proposed by the company’s information technology group. To decide whether the company will undertake this major expansion project, the company paid McLindsay Co., a large consulting company, a fee of $2 million to calculate the costs and benefits of the program, but they will refund half of that cost back to XYZ if the company does not move forward with the project. McLindsay reported that the expansion project will have an upfront cost of $20 million for assets, which are depreciated straight line to zero over the four-year horizon of the project. The company does not need to invest in net working capital (i.e., NWC = 0). McLindsay also expects that the program will generate an operating cash flow equal to $10 million the first year and will expand by 20% per year until the project is liquidated at the end of year four. The liquidation value from selling the equipment will be $4 million. You are an assistant to the CFO of the company and your first task is to advise XYZ whether the company should undertake the investment. The CFO has provided you with the following data, which he believes may be relevant to your task (all the market data are current). The firm’s tax rate is 20%. The market data on XYZ Co’s securities are:
Debt
oBond A: 42,750 bonds with a 5.4% coupon rate, with 20 years to maturity selling at par. oBond B: 55,000 bonds with a 4% coupon rate, with 15 years to maturity selling at par.
Assume that both bonds have a par value of $1,000 and they make semiannual payments.
Common stock
o 1,000,000 shares outstanding, selling for $95 per share; XYZ Co just paid a dividend of $4 per share and is expected to increase its future dividends at a constant rate of 5%. The firm’s beta is 1.8. Assume the risk-free rate is 2% and the market return is 8%.
Answer the following questions and show all the formulas and calculations (if using a financial calculator show all the entries).
a. What is XYZ Co’s cost of debt?
b. What is XYZ Co’s cost of equity using the CAPM?
c. What is XYZ Co’s cost of equity using the dividend growth model?
d. What is XYZ Co’s cost of capital? (for your cost of equity calculations, use the average of cost of equity you calculated in the last two parts).
e. Find the cash flows from assets (CFFA) of the project and then compute the NPV of the project. Accounting for all relevant expenses, should the firm undertake the expansion project?
f. Suppose instead that (1) Bond A and Bond B are priced below par and (2) the common stock is selling for $142.50 per share and the last dividend paid was $6. Would the firm’s WACC be higher, lower, or the same as what you found in part (d)? Explain.
Answers
a. To calculate the cost of debt, we need to find the yield to maturity (YTM) of each bond. We can calculate the YTM of Bond A as 5.4% and the YTM of Bond B as 4%. Therefore, the cost of debt for XYZ Co is the weighted average of the YTM of each bond, where the weights are the proportion of the total market value of debt that each bond represents. Assuming that all bonds are selling at par, the total market value of debt is $97,750,000. Thus, the weight of Bond A is 42,750/97,750 = 0.4376 and the weight of Bond B is 55,000/97,750 = 0.5624. Therefore, the cost of debt is:
Cost of Debt = 0.4376 × 5.4% + 0.5624 × 4% = 4.48%
b. Using the CAPM, we can calculate the cost of equity as:
Cost of Equity = Risk-Free Rate + Beta × (Market Return - Risk-Free Rate)
= 2% + 1.8 × (8% - 2%)
= 13.6%
c. Using the dividend growth model, we can calculate the cost of equity as:
Cost of Equity = (Dividend / Price) + Growth Rate
= ($4 / $95) + 5%
= 9.3%
d. To calculate the cost of capital, we need to find the weighted average of the cost of debt and the cost of equity, where the weights are the proportion of the total market value of debt and equity that each component represents. Assuming that the total market value of equity is $95,000,000, the weight of debt is 97,750,000/(95,000,000 + 97,750,000) = 0.5073 and the weight of equity is 1 - 0.5073 = 0.4927. Therefore, the cost of capital is:
Cost of Capital = 0.5073 × 4.48% + 0.4927 × 13.6% = 9.54%
e. To calculate the cash flows from assets (CFFA) of the project, we need to find the operating cash flows (OCF) and the net capital spending (NCS) for each year of the project. Using the given data, we can calculate the OCF for each year as:
Year 1: OCF = $10,000,000
Year 2: OCF = $12,000,000 (20% increase from year 1)
Year 3: OCF = $14,400,000 (20% increase from year 2)
Year 4: OCF = $17,280,000 (20% increase from year 3)
The net capital spending (NCS) for year 0 is the upfront cost of the project, which is $20,000,000. The NCS for year 4 is the liquidation value of the equipment, which is $4,000,000. The NCS for years 1 to 3 is zero since there is no net working capital requirement.
Calculating the CFFA for each year:
Year 0: CFFA = - $20,000,000
Year 1: CFFA = $10,000,000 - $0 - $20,000,000 = -$10,000,000
Year 2: CFFA = $12,000,000 - $0 = $12
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Bee Inc. is working on its cash budget for March. The budgeted beginning cash balance is $55,000. Budgeted cash receipts total $139,000 and budgeted cash disbursements total $134,000. The desired ending cash balance is $80,000. To attain its desired ending cash balance for March, the company needs to borrow:
Answers
Answer:
$20,000
Explanation:
The computation of the borrowed amount is shown below:
As we know that
Ending cash balance = beginning cash balance + cash receipts - cash disbursements + cash borrowings
$80,000 = $55,000 + $139,000 - $134,000 +cash borrowings
$80,000 = $194,000 - $134,000 + cash borrowings
So, the borrowing is $20,000
3. When you find an error on a credit report, what are 5 things to do?
Answers
Answer:
If you find an error on your credit report, here are five things you can do:
Contact the credit bureau: The first thing you should do is contact the credit bureau that issued the report with the error. You can dispute the error online, by mail, or by phone. Make sure to include any documentation that supports your dispute.
Contact the creditor: If the error is related to a specific account, contact the creditor or lender and provide them with the same documentation you provided to the credit bureau.
Keep records: Keep copies of all correspondence with the credit bureau and the creditor, including any supporting documentation. This will help you keep track of your dispute and provide evidence in case you need it later.
Follow up: The credit bureau is required to investigate your dispute within 30 days of receiving it. Follow up with the credit bureau after the 30-day period to make sure the error has been corrected.
Monitor your credit report: Once the error has been corrected, monitor your credit report to make sure the correction has been reflected. You are entitled to a free credit report from each of the three major credit bureaus once a year, so make sure to take advantage of this to stay on top of your credit history.
Explanation:
Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?
Answers
Reggie's medical expense deduction is $7,276.
AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.
Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:
Drugs (prescribed by physicians): $5,701
Marijuana (prescribed by physicians): $1,470
Health insurance premiums-after taxes: $1,280
Doctors' fees: $1,320
Eyeglasses: $445
Over-the-counter drugs: $270
Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.
Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486
Reimbursements: $570
Medical expenses after reimbursements: $10,486 - $570 = $9,916
To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.
Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.
Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.
Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276
Therefore, Reggie's medical expense deduction is $7,276.
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What is the purpose of consumer-advocacy groups?
to enforce consumer-protection regulations
to lobby the government for lower taxes
to promote the interest of consumers
to provide essential social services
Answers
To promote the interest of consumers is the purpose of consumer-advocacy groups. Actions performed by people or organizations to advance and defend the interests of the buying public are referred to as consumer advocacy.
Most countries have implemented legislation to safeguard customers against unsafe or subpar craftsmanship, dishonest sales tactics, and deceptive advertising. Consumer advocacy, movements, or laws that protect consumers' interests by regulating the goods, services, practices, and expectations of producers, merchants, and advertising.
Protecting the interests of the consumer or buyer is the goal of consumer advocacy groups. These organizations use a variety of tactics to expose companies that engage in unfair business practices or sell dangerous goods. These tactics include litigation, letter-writing campaigns, boycotts, and public relations. The Consumer Federation of America, which has 220 member groups, is the biggest consumer advocacy organisation in the United States.
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