father owns land which he purchased several years ago for $80,000. it has a current fair market value of $90,000. father leases the land on a ten-year lease and is paid $6,000 of rent each year, semi-annually april 1st and october 1st (i.e., $3,000 each payment). what tax consequences to father and daughter in the following alternative situations?
Answers
Assuming the father is in the 20% tax bracket for capital gains, he would owe $2,000
This rental income will be taxable and subject to income tax. The daughter will not have any tax consequences in this situation.
However, if the father decides to sell the land, he will have to pay capital gains tax on the difference between the sale price and the original purchase price.
In this case, the capital gains tax would be calculated as follows:
Sale price - Original purchase price = Capital gain
$90,000 - $80,000 = $10,000
We assumed that the father is taxed at 20% on capital gains, would be obliged to pay $2,000 in capital gains tax ($10,000 x 20%).
The daughter would not have any tax consequences in this situation unless she inherits the land and decides to sell it in the future.
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Related Questions
It is sometimes necessary for a _________________ economy to live with a degree of uncertainty over _______________ that would be politically unacceptable in the high-income economies. developing; unemployment converging; inflation disconnected; fundamentals of growth converging; trade imbalances
Answers
Answer:
converging; inflation
It is sometimes necessary for a converging economy to live with a degree of uncertainty over inflation that would be politically unacceptable in the high-income economies.
Measures of Concentration: Molarity Given that the molar mass of NaNO3 is 85.00 g/mol, what mass of NaNO3 is needed to make 4.50 L of a 1.50 M NaNO3 solution
Answers
Therefore, you would need 573.75 grams of NaNO3 to make a 1.50 M NaNO3 solution with a volume of 4.50 L.
What Is NaNO3 Solution?How We Calculated?A NaNO3 solution refers to a solution of sodium nitrate (NaNO3) in a liquid solvent, typically water. Sodium nitrate is a chemical compound composed of sodium ions (Na+) and nitrate ions (NO3-).
To determine the mass of NaNO3 needed to make a 1.50 M NaNO3 solution with a volume of 4.50 L, you can use the formula:
Mass (g) = Molarity (mol/L) x Volume (L) x Molar Mass (g/mol)
Given:
Molar mass of NaNO3 = 85.00 g/mol
Volume = 4.50 L
Molarity = 1.50 M
Plugging in these values into the formula, we have:
Mass (g) = 1.50 mol/L x 4.50 L x 85.00 g/mol
Calculating the result:
Mass (g) = 1.50 x 4.50 x 85.00 = 573.75 g
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If your nominal wage rises from $10 to $12 while the CPI rises from 150 to 180 will your real wage increase, decrease, or stay the same?
A. Stay the same B. Decrease C.
Increase
Answers
Answer:
A. Stay the same
Explanation:
We need to compare the rate of price change and the rate of inflation.
Rate of price change = $12 - $10 x 100
$10
=2/10 x 100
=0.2 x 100
=20%
inflation rate= CPI year 2- CPI year 1 x 100 %
CPI year 1
=180 -150 x 100
150
=30/150 x 100
=0.2 x 100
=20%
The price change are the inflation rate are the same.The real wages will stay the same
How do credit card companies make money?
O (A) Fees and interest paid by cardholders
O (B) Investing your credit card debt
O (C) Fees paid by merchants
O All of them
O A and B
O A and C
OB and C
Answers
Answer:
A and C
Explanation:
Credit card companies get their income form the following three main sources
Interest paid by cardholdersFees charged to cardholders' credit cards.transaction charges paid by merchants who accept credit cardsInterests form the bulk of income to the card companies. Typically charge interest arises when customers carry a balance from a month to the next. Fees charged include annual fees, late fees, cash advance fees, balance transaction fees, among others. Merchants usually pay a percentage for every transaction conducted via a credit card. The percentage ranges between 1% to 3 %.
A speed boat bought for $13,000 depreciates at 10% per annum compounded continuously. What is its value after 7 years? Round the answer to nearest dollar.
Answers
Answer:
6,456
Explanation:
Substitute the given values into the formula: A=Pe^-rt, where A represents the future value and P represents the initial (current) value.
The amount of value after 7 years when the purchase value of the speed boat is $13,000 should be considered as the $6,456.
Calculation of the amount:Since the speed bought purchase value is $13,000
The depreciation rate is 10% per annum compounded continuously
The time period is 7 years
So here the amount should be
= $13,000 * e^-0.70
= $6,456
hence, The amount of value after 7 years should be considered as the $6,456.
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What percentage of the u.s. gross national product is accounted for by healthcare costs?
Answers
19.7% of the u.s. gross national product is accounted for by healthcare costs.
The Gross National Product is the approximation of the total value of all goods and services which are produced by a country’s citizens and citizen-owned businesses.
GNP is generally calculated by adding up the following:
Total personal consumption expenditures (PCE)
Total government expenditures
Gross private domestic investment (GDPI)
Total income earned by citizens from overseas investments
Net exports
and then subtract domestic income earned by foreign residents
A big difference between GDP and GNP can indicate a strong involvement with international trade, production, or financial operation.
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In the last 2 years, your company has posted losses in the financial statements. You have recently been employed as the production manager to help with restoring the finances of the company. In your first 3 weeks you have been inundated with various strategies and solutions from staff on how to move the organization forward. Using models studied in the classroom how will you go about identifying the correct solution to propose to executive management?
Answers
As the production manager, the first step to identifying the correct solution to propose to the executive management is to conduct a financial analysis of the company using models studied in the classroom.
The financial analysis involves assessing the financial performance of the company in the last two years.
The models studied in the classroom can include the SWOT analysis, Porter’s five forces model, and PESTEL analysis.
The SWOT analysis helps to identify the internal strengths and weaknesses of the company as well as the external opportunities and threats it faces.
Porter’s five forces model helps to analyze the competitive environment of the company and the profitability of the industry.
PESTEL analysis assesses the political, economic, social, technological, environmental, and legal factors affecting the company.
After conducting a financial analysis using the appropriate model, the next step would be to develop a comprehensive strategy to restore the finances of the company.
The strategy should address the identified weaknesses, capitalize on opportunities, and mitigate threats.
The strategy should be specific, measurable, achievable, realistic, and time-bound. It should also be communicated to all stakeholders to ensure their buy-in and commitment to its implementation.
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Poitioning" i a marketing management aid that refer to: _________ A. How cutomer think about propoed and/or preent brand in a market
Answers
Positioning is a marketing management tool that describes how consumers perceive existing and/or potential brands in a certain market. So, the suitable option will be option (a).
Give a brief account on marketing management.Marketing management applies economics and competitive strategy techniques to analyze the business environment in which the organization works. Marketers use SWOT analysis to focus on the relative competitive strengths and weaknesses of each competitor in the market as they create extensive profiles of each competitor. Marketing managers will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.
Market and marketing research are frequently conducted by marketing management in order to undertake marketing analysis. Although there are many techniques used by market researchers, the following are some of the most common ones :
Focus groups and different kinds of interviews are examples of qualitative marketing research.statistics surveys are examples of quantitative marketing research.experimental methods, including test marketsTechniques of observation like ethnographic (on-site) observationTo know more about, marketing management, visit :
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The complete question is mentioned below :
"Positioning" is a marketing management aid that refers to: ______
A) how customers think about proposed and/or present brands in a market.
B) a product's ability to provide both immediate satisfaction and social responsibility.
C) how a firm approaches customer relationship management.
D) a firm's ability to distribute products through intermediaries who are in the right position to reach target customers.
E) all of these alternatives are true.
During project staffing, the primary role of line management is:
A. Approving the selection of the project manager
B. Approving the selection of assistant project managers
C. Assigning functional resources based upon who is available
D. Assigning functional resources based upon availability and the skill set needed
Answers
During project staffing, the primary role of line management is assigning functional resources based upon availability and the skill set needed. Therefore, option D is correct.
Project staffing is a critical phase in project management where the right personnel are identified and assigned to specific roles in a project. Line management plays a crucial role in project staffing by assigning functional resources based on their availability and skill set needed for the project.
Line management is responsible for ensuring that the functional resources assigned to the project have the required technical expertise, experience, and knowledge to meet project objectives.
They also ensure that the resources are available during the project lifecycle and work collaboratively with the project manager to identify any potential resource constraints and develop strategies to mitigate them.
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your roommate says, "sales taxes are reported as an expense in the income statement." do you agree?
Answers
When an item is sold to a customer, sales tax applies. This is categorized as a current liability that must be paid to the government rather than a cost.
Does VAT correspond to sales tax?A flat tax assessed on an item is known as value-added tax (VAT). It is similar to a sales tax in some ways, but unlike a sales tax, the consumer pays the entire amount owed to the government at the point of sale. With a VAT, different parties to a transaction each pay a portion of the tax.
What is an illustration of a sales tax?Take a look at this sales tax illustration. Before you check out at The Clothing Boutique, you should estimate your final bill after taxes. The sum of the prices of the items in your cart adds up to $100. In that county, the sales tax is 9.5%, so you would divide $100 by 9.5% (100 x 0.095).
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What is defined as the perceptions a company's employees share about the firm's psychological environment
Answers
Organizational climate is defined as the perceptions that a company's employees share about the firm's psychological environment.
The organizational climate is the professional climate in a company or organization that has the ability to influence the action and the performance of the workers.
It is the perception that those that work in the organization have about the leadership and the policies of their employers.
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What is product positioning?
Answers
Answer:
Product positioning is the process of deciding and communicating how you want your market to think and feel about your product.
Explanation:
When a product is positioned, it means that its target market's perception of it has been ascertained and communicated. It entails identifying the special qualities and advantages of the product and differentiating it from rivals.
A strategic exercise called "product positioning" seeks to explain how a product fits into the market and why it is superior to complete products. It aids companies in developing a strong and distinctive market position for their goods, which ultimately promotes client preference and loyalty.
Understanding the customer's issue and demonstrating how your product can address it more effectively than rivals are part of this.
As a result, the significance of the product positioning are the aforementioned.
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Compared to tangible resources, intangible resources are: Group of answer choices more likely to be reflected on the firm's balance sheet. a superior source of capabilities. less likely to be the focus of strategic analysis. of less strategic value to the firm.
Answers
When intangible resources are compared to tangible resources, we notice that intangible resources are a superior source of capabilities.
What are intangible resources?These refer to assets that a company has that are not physical in nature. They are rather based on rights and potential that a company has. Examples include goodwill and patents.
Intangible resources are often a measure of the capabilities of a company. For instance, goodwill shows how much more valuable a company is to investors based on their potential.
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ANSWER ASAP PLEASE Which statement describes a way to use credit responsibly?
paying attention to the APR
and not the
APY
paying only the minimum payment each month
opening several different credit accounts
o understanding the account's interest rate
Answers
Answer:
understanding the interest rate
Explanation:
i took the test
how do u respond to lol
Answers
Answer:
depends on what you are lol ing about
Explanation:
Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. She prices the cupcakes at $0.50 each. With in 15 minutes she has sold all of her cupcakes, and through out the day teachers and students ask her if she has anymore.
This market model is in a [______]?
This is for a economics class I didn't know what catagory to pick
Answers
Answer:
Shortage
Explanation:
I got it correct because I watched the given recording.
Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. This market model is in a "competitive market".
Georgina operates in a competitive market characterized by high demand and a desirable product: her cupcakes. The price point of $0.50 each aligns with the perceived value which is resulting in swift sales within 15 minutes.
Subsequent inquiries from both teachers and students demonstrate sustained interest indicating that Georgina's cupcakes have achieved product-market fit.
Georgina's success in selling all cupcakes swiftly and generating ongoing inquiries highlights a well-balanced market equilibrium within the school community.
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who wanna tlk im boooored
Answers
Answer:
sure why not
Explanation:
Answer:
When I answer 2 of your questions double the chance to talk.
Explanation:
describe the order in which a company prepares financial statements
Answers
The order in which a company prepares financial statements typically begins with the income statement, followed by the statement of retained earnings, the balance sheet, and the statement of cash flows.
The first financial statement prepared is the income statement, which reports the company's revenues, expenses, and net income or net loss for a specific period. It shows the profitability of the business during that period.
Next, the statement of retained earnings is prepared. This statement shows the changes in retained earnings over the reporting period, reflecting net income or loss, dividends paid, and any adjustments to retained earnings.
Afterward, the balance sheet is prepared. It provides a snapshot of the company's financial position at a specific point in time, presenting assets, liabilities, and shareholders' equity. The balance sheet helps assess the company's liquidity, solvency, and overall financial health.
Lastly, the statement of cash flows is prepared. It summarizes the cash inflows and outflows from operating, investing, and financing activities during a specific period. This statement provides insights into the company's cash flow dynamics and its ability to generate and manage cash.
By following this order, companies ensure that the financial statements are presented in a logical sequence, enabling stakeholders to analyze the company's financial performance and make informed decisions.
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The order in which a company prepares financial statements is: income statement, statement of retained earnings, balance sheet, and statement of cash flows.
Explanation:The order in which a company prepares financial statements is:
Income statement: This statement shows the company's revenues, expenses, and net income or loss for a specific period of time.Statement of retained earnings: This statement details changes in the company's retained earnings balance over the same period as the income statement.Balance sheet: This statement provides a snapshot of the company's assets, liabilities, and shareholders' equity at a specific point in time.Statement of cash flows: This statement summarizes the company's cash inflows and outflows during the period, categorized into operating, investing, and financing activities.It is important to note that this order may vary depending on the accounting framework and reporting requirements applicable to the company.
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Every day, Eloise talks with patients who suffer from drug abuse and helps them with their treatment plans. She sometimes works with Franklin who plans social events and outdoor activities on the drug facility grounds. Because some of the patients are there for months or years, Eloise and Franklin also work with Jessup, who takes care of patients’ hair care and other grooming needs. Which best describes the workers’ career pathways based on their tasks?
A.Eloise works in Family and Community Services, Franklin works in Counseling and Mental Health Services, and Jessup works in Personal Care Services.
B.Eloise works in Counseling and Mental Health Services, Franklin works in Personal Care Services, and Jessup works in Family and Community Services.
B.Eloise works in Personal Care Services, Franklin works in Family and Community Services, and Jessup works in Counseling and Mental Health Services.
C.Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.
Answers
Answer:
D: Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.
Explanation:
Its a wild guess, but it makes sense since Eloise deals with drug abuse which would be mental health and counseling, Franklin works on organizing local events (ive done this type of volunteering job before) so it would be a job that is apart of the community, and finally Jessup works (maybe) at a hair salon which would be more hair/personal care.
Correct me if iam wrong, and if iam right iam glad to have helped (if i did) :)
People do have careers. The option that best describes the workers’ career pathways based on their tasks is that;
Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.A career path is known to be a kind of forward roadmap with short or long-term bench marks.
It is known to be a maps the ways an employee often takes from a lower-level position via a kind of successive roles to reach their ultimate goal.
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Answer these question
Answers
1. 100 bushels and p1
2. 150
3. as bushels become that big, it gets harder and harder to transport them, messing with the price compared to just buying two separate 100 bushels.
The larger the purchase, the less time businesses spend comparing vendors.
True
False
Answers
In what way is the work of the adirondack land trust different from the other organizations described in the activity?.
Answers
The way in which the work of the Adirondack land trust, is different from the other organizations described in the activity is because its operates on a living model of how people embrace and respect the natural world.
What is the Mission of Adirondack land trust?First, a land trust refers to a legal entity that takes ownership of or authority over a piece of property at the request of the property owner. These land trusts are living trusts that allow for the management of property while the owner is alive.
The mission of the Adirondack Land Trust, an organization involved in land trust as explained above, is to continually conserve the forests, farmlands, waters and wild places that advance the quality of life of our communities and the ecological integrity of the Adirondacks.
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You want to buy a house within 3 years, and you are currently saving for the down payment. You plan to save $5,000 at the end of the first year, and you anticipate that your annual savings will increase by 5% annually thereafter. Your expected annual return is 11%. How much will you have for a down pay at the end of Year 3? Do not round intermediate calculations. Round your answer to the nearest cent.
Answers
Suppose X is the amount to be saved after three years. The $5,000 initial investment would compound for 3 years and the series would increase by 5% per year.
To find out how much you will have in three years, use the Future Value formula:FV = PV (1 + r)^nFV = future value; PV = present value (the starting balance); r = interest rate per period; n = number of periods\(
X = $5,000 (1 + 0.11 / 1)^3X = $6,884.02\).
Therefore, the amount of down payment will be $6,884.02, with an interest rate of 11 percent per year and an annual savings increase of 5 percent per year.
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The graph presents a production possibilities curve, or frontier, PPF for the nation of New Carnitas. Each point on this curve represents a combination of steak and potatoes that this country can produce given its resources and technology. Based on the information in the graph, place the points as indicated.
Point A is an attainable and efficient combination of steak and potatoes.
Point B is consistent with the full employment of available resources.
Between points C and D, the opportunity cost of 1 pound of steak is 2 pounds of potatoes.
Between points E and F, the opportunity cost of 1 pound of potatoes is 3 pounds of steak.
Point G represents an unattainable combination of steak and potatoes.
Point H represents an inefficient use of New Carnitas's resources.
Answers
Given that the graph is not shown here these are the basic points in a production possibility curve.
The attainable point in a production possibility curve
This is the point that lies on the curve of the PPC. This point can be produced by the resources that are available at the moment.
The full employment of resources on the PPCThis is the point that has all the resources in the economy being used in the production of goods and resources.
The unattainable point in a PPCThe unattainable point in the curve is the point that is outside of the curve. At this point the resources available cannot be used for production.
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3
Select the correct answer.
Which is true when you rent?
O A.
B.
C.
You build equity in your house.
You are responsible for any repairs.
You pay fewer up-front costs.
Answers
Answer:
A
Explanation: A because when you do repairs you give the goverment money
Fultz Company has accumulated the following budget data for the year 2020.
1. Sales: 31,120 units, unit selling price $88.
2. Cost of one unit of finished goods: direct materials 1 pound at $6 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $8 per direct labor hour.
3. Inventories (raw materials only): beginning, 10,290 pounds; ending, 15,240 pounds.
4. Selling and administrative expenses: $170,000; interest expense: $30,000.
5. Income taxes: 30% of income before income taxes.
Prepare a schedule showing the computation of cost of goods sold for 2017:
Cost of one unit of finished goods:
Direct Materials: $___
Direct Labor: $___
Manufacturing Overhead: $___
TOTAL: $___
COST OF GOODS SOLD: $___
Prepare a budgeted multi-step income statement for 2017:
_____: $___
_____: $___
_____: $___
_____: $___
_____: $___
_____: $___
_____: $___
_____: $___
_____: $___
Answers
Assuming the direct materials is 1 pound , the cost of goods sold is $2,053,920 and the income statement is: $339,248.
Cost of goods soldCost of goods sold for 2017
Cost of one unit of finished goods:
Direct materials $6
Direct labor $36
(3×$12)
Manufacturing overhead $24
(3×$8)
Total $66
Cost of goods sold $2,053,920
($66×31,120)
Budgeted multi-step income statement for 2017:
Sales revenue $2,738,560
($88×31,120)
Less cost of goods sold $2,053,920
Gross profit $684,640
Less selling and administrative expense $170,000
Income from operation before interest and tax $514,640
($684,640-$170,000)
Less interest expense $30,000
Profit before tax $484,640
($514,640-$30,000)
Less income tax expense $145,392
(30%×$484,640)
Profit after tax $339,248
($484,640-$145,392)
Inconclusion the cost of goods sold is $2,053,920 and the income statement is: $339,248.
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Antitrust laws have been implemented by governments to promote _____.
A. price fixing
B. competition
C. monopolies
D. bid rigging
Answers
Antitrust laws are implemented by both federal and state governments to promote B. Competition among firms.
Without these Antitrust laws implemented by governments, some companies will stifle competition and tend towards monopolies. Antitrust laws check collusion among market players who may engage in price fixing and other anti-competition practices against consumers. Particularly, these Antitrust laws frown on the formation of cartels and the concentration of economic power in fewer hands.Thus, Antitrust laws are not implemented to promote price fixing, monopolies, or bid rigging but to promote competition.
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Answer:
B. competition
Linda really enjoys math and thinks that she would enjoy a job that involves analyzing data which job would be a good fit for her?
Answers
Answer:
Maybe a digital marketing manager or a data analyst as suggested in the phrase 'analysing data'
Explanation:
Help this is super confusing
Answers
Answer: Reasons
Explanation: Crystals are collected for jewelry, sugar, salt, computer chips. So if it shows you all those examples it would be collected for many reasons. I hope this helped!
A traditional direct mail sales letter uses a (single communication / multiple communication / word-of-mouth communication ) channel to reach consumers.An e-commerce sales message uses a (single communication / multiple communication / word-of-mouth communication ) channel to reach consumers.What strategies are effective for persuasive messages flowing upward? Check all that apply.Provide evidence.Present a two-sided argument.Be pushy.Be sensitive to tone.Ignore risks.
Answers
The options that correspond to effective strategies for persuasive direct mail messages to flow upwards are:
Provide evidencePresent a two-sided argumentBe sensitive to toneWhat is direct mail?It corresponds to an advertising and promotion strategy used by companies to attract, engage and retain the potential public of consumers. Direct mail corresponds to the direct sending of brochures, letters and presentation of a company's products and services to potential consumers' emails.
Advertising must always be carried out in such a way as to communicate the company's message with an aligned, persuasive tone that engages the consumer.
Therefore, it is necessary that all publicity and advertising, such as direct mail, be designed to create brand value and positively change consumer perception.
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