[lo 1, lo 2] michelle operates several food trucks. indicate the amount (if any) that she can deduct as an ordinary and necessary business deductions in each of the following situations and explain your solution. a) michelle moves her food truck between various locations on a daily rotation. last week, michelle was stopped for speeding. she paid a fine of $125 for speeding including $80 for legal advice in connection with the ticket. b) michelle paid $750 to reserve a parking place for her food truck for the fall football season outside the local football stadium. michelle also paid $95 for tickets to a game for her children. c) michelle provided a candidate with free advertising painted on her truck during the candidate's campaign for city council. michelle paid $500 to have the ad prepared and an additional $200 to have the ad removed from the truck after the candidate lost the election. d) michelle realized a $1,200 loss when she sold one of her food trucks to her father, a related party.
Answers
a) Michelle can deduct the $125 fine as an ordinary and necessary business expense, but she cannot deduct the $80 for legal advice as it is a personal expense.
b) Michelle can deduct the $750 paid to reserve the parking place for her food truck as an ordinary and necessary business expense. However, the $95 paid for tickets to a game for her children is a personal expense and is not deductible.
c) Michelle can deduct the $500 cost of preparing the advertisement as an ordinary and necessary business expense, but she cannot deduct the $200 cost of removing it from the truck as it is not related to her business activities.
d) Michelle cannot claim a loss on the sale of the food truck to her father as it is a related party transaction and the transaction is not considered arms-length. Therefore, the sale price and loss incurred may not reflect the fair market value of the truck. The transaction may be subject to scrutiny by the IRS to ensure it was done at fair market value and not for tax avoidance purposes.
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Related Questions
diversification reduces the risk of a portfolio because the prices of different securities do not move exactly together. a.true b.false
Answers
False. Diversification cannot reduce the risk of a portfolio because the prices of different securities do not move exactly together.
A diversified portfolio is a collection of various investments that work together to lower the overall risk profile of the investor. Owning stocks from a variety of various sectors, nations, and risk profiles as well as other investments like bonds, commodities, and real estate are examples of diversification.
Although it can help you control risk by distributing your investment funds among several asset classes and types of securities, diversification cannot completely remove risk or ensure a profit. The chance of losing money still exists.
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In the third step of the strategic management process, managers should 22 Multiple Choice establish the organization's purpose or reason for being conduct an organizational assessment translate the broad mission and vision into a corporate strategy checkon possible roadblocks within the organization's structure and culture. Jetit, the chief human resources officer for a major financial services company, has met with each of her employees to set their objectives. Now, Terin expects the employees to 6 Mihoc adoptow mediteracy deadlines that have motivated Which level of strategy is concerned with how much to spend on marketing or whether to expand facilities? Multiple Choice operational practical business corporate After establishing the mission, visionand values, what is the next step in strategic management? 26 Multiple Choice maintaining strategic control encouraging new ideas assessing the current reality implementing the strategy
Answers
(1). In the third step of the strategic management process, managers should translate the broad mission and vision statement into a corporate strategy.
What is management?In order to accomplish desired goals and objective lens, a person or group of people must be challenged and managed, according to the concept of administration. Furthermore, the capacity to organise, supervise, and guide people is a constituent of management.
As, the correct option is as follows.
(2). Develop action plans
(3). Business
(4). Assessing the current reality.
Therefore, The right option (A) is correct.
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________ play an important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.
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Intermediaries play an important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.
When goods are produced or manufactured by producers, there will be need to make those goods available to final consumers.
The intermediaries- Wholesalers and retailers buys these goods from the producers and make them available to final consumers in small quantities.
By making the goods available to consumers, the intermediaries are playing important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.
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which type of non-store retailing method is relatively inexpensive and involves setting up a movable cart or stand in a temporary location?
Answers
The type of non-store retailing method is relatively inexpensive and involves setting up a movable cart or stand in a temporary location is kiosk retailing.
One specific type of non-store retailing method that is relatively inexpensive and involves setting up a movable cart or stand in a temporary location is called "kiosk retailing."
Kiosk retailing allows retailers to take their products to customers in high-traffic areas without the need for a permanent store location. Since kiosks are typically smaller and require fewer staff members than traditional retail stores, they are often more cost-effective to operate.
This makes them a popular option for small businesses or entrepreneurs who want to test a new product or enter a new market without making a significant financial investment.
Kiosk retailing can also be used by larger retailers as a way to expand their presence in a particular market or to promote a specific product or service.
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In her strategic planning, the CEO of a home goods manufacturing company is aiming to improve customer service by concentrating distributors, local communities, and special groupsThese three groups are?
a. external stakeholders
b. general stakeholders
c. Internal stakeholders
d. preferred stockholders
Answers
The three groups the CEO of a home goods manufacturing company is aiming to improve customer service by concentrating on are external stakeholders, general stakeholders, and internal stakeholders. The correct option is A)
External stakeholders include individuals and organizations outside of the company, such as suppliers, customers, and other business partners. These stakeholders are important for the company's long-term success and often help shape the company's strategic planning.
General stakeholders include the employees, shareholders, and other groups within the company. These stakeholders are important for ensuring that the company is providing the best possible service and meeting its goals.
Internal stakeholders include the management team, board of directors, and other senior staff members. These stakeholders are important for ensuring that the company is performing effectively and meeting its objectives.
Preferred stockholders are those who have invested in the company and receive certain privileges, such as voting rights, dividend payments, and higher payouts in the event of a liquidation. These stakeholders are not part of the CEO's strategic planning in this particular instance.
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What is the difference between a co-payment and co-insurance?
a. Co-payment refers to two spouses paying for the same coverage, and co-insurance refers to
two spouses receiving the same benefits.
b. A co-payment is a flat fee for each service, and co-insurance is based on a percentage of the
costs incurred.
c. Co-payment is when a group of individuals work to cover each other's medical expenses, and
co-insurance is when an individual has multiple insurance policies from different companies.
d. A co-payment is when an employer helps an employee pay for insurance premiums, and co- insurance is when an employer helps an employee find better insurance than they could alone.
Answers
Answer:
(a.)
Co-payment refers to two spouses paying for the same coverage, and co-insurance refers to two spouses receiving the same benefits.
Your healthcare coverage plan includes two different types of cost-sharing provisions: copayments (copays) and coinsurance. Thus, statement 'A' (Co-payment refers to two spouses paying for the same coverage, and co-insurance refers to two spouses receiving the same benefits) is the correct statement.
What is the difference between a co-payment and co-insurance?Before obtaining any additional services, a patient (who is insured) is expected to make a co-payment to a service provider, such as a health insurer (health maintenance organization, or HMO), for medical costs.
The amount that a patient (the insured) must pay for a claim or covered charge after a deductible has been met is known as co-insurance, and it is often stated as a percentage of the costs spent.
Your copays are set amounts that help offset the cost of medical care. Your estimated share of the cost of treatment is known as your coinsurance.
Therefore, option 'A' is the correct option.
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Match the phrase that follows with the term (a-e) it describes. integrated set of operating and financing budgets for a period of time estimates the number of units to be manufactured to meet sales and inventory levels shows expected results at several activity levels begins by estimating the quantity of sales shows expected results at only one activity level 1. static budget 2. flexible budget 3. master budget 4. sales budget 5. production budget
Answers
1. Master budget: it is an integrated set of operating and financing budgets for a period of time.
2. Production budget: it estimates the number of units to be manufactured to meet sales and inventory levels.
3. Flexible budget: it shows expected results at several activity levels.
4. Sales budget: it begins by estimating the quantity of sales.
5. Static budget: it shows expected results at only one activity level.
A budget can be defined as a financial plan that is used for the estimation of revenue and expenditures of an individual, organization or government, especially for a specified period of time, often one (1) year.
Basically, there are different types of budget and this include:
1. Master budget: it comprises an integrated set of both investing, operating and financing budgets for a specified period of time, often one (1) year.
2. Production budget: it estimates the number of units to be manufactured by a business firm, so as to meet budgeted sales and inventory levels.
3. Flexible budget: it shows expected results of a business firm (responsibility center) at several activity levels.
It is also referred to as variable budget and it's used both before and after a period's activities are completed.4. Sales budget: it begins by estimating the quantity of sales.
Once the quantity of sales are estimated, the sales revenue that are expected is calculated by multiplying the expected unit sales price by the volume.5. Static budget: it shows expected results of a business firm (responsibility center) at only one activity level.
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Which unique feature of e-commerce is related to the ability to interact with web technology everywhere?.
Answers
Answer:
What are unique features of e-commerce?
The seven unique features are Ubiquity, Global Reach, Universal Standards, Richness, Interactivity, Information Density, and Personalization / Customization.
Explanation:
i would says its Information Density or global reach
Your friend Marco loves being on his phone and interacting on social media. He knows that you are studying different careers and asks you what kinds of careers he might consider that would allow him to learn more about communications. You know that advances in telecommunication are always being introduced, and in the future more and more people will be needed in the Energy cluster to design, create, advertise, and sell new ways of communicating. List two careers that he could pursue along the telecommunication pathway. What kind of skills or talents would he need in these two careers? How could he gain the talents or skills to succeed in these two careers?
Answers
Answer:
Computer Software Engineers or Computer programmers
Explanation:
To become a Computer Software Engineer, you would need to be good at problem solving and logical thinking, Teamwork, Computer programming and coding, Software development, Written and verbal communication and a bit more.
To become a Computer Programmer, you would need to be good at mathmatics, communication skills, writing skills, learning concepts and applying them to other problems, self-motivation, and a couple more.
Why is it important as a consumer to recognize and understand marketing techniques and strategies?.
Answers
Because marketing strategy helps you stay in sync with your customer base, develop the right products for them, and determine how you communicate information about those products.
It's miles, in brief, an action taken to deliver attention to a business's services; they may be physical items on the market or services provided. not unusual examples of advertising at work encompass television advertisements, billboards on the side of the road, and magazine advertisements.
The significance of marketing for your enterprise is that it makes the clients aware of your products or services, engages them, and helps them make the shopping choice. moreover, an advertising plan, part of your marketing strategy helps in developing and keeping demand, relevance, popularity, opposition, etc.
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You live near the beach and want to give snorkeling lessonsYou estimate that after expenses , you can earn $10 per lesson. Each lesson will be one-hour long, and you will offer lessons days a week. Your income goal is $ 15,000 per year. How many lessons do you need to give to achieve this goal? Is this goal realistic?
Answers
Answer:
Thats 700 a week
Explanation:
10 per lesson- 60 mins-weekly
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
us bank pulls from what credit bureau washington state
Answers
The primary role of the human resource department of an organization is to
Answers
Answer:
Human Resources (HR) is concerned with the issues of managing people in the organisation. two men having a meeting The Human Resources department is responsible for many people related issues in an organisation. Under the HR department’s remit are the following roles: The process of recruiting suitable candidates for the organization Identifying and meeting the training needs of existing staff Ensuring employee welfare and employee relations are positive Ensure the working environment is safe for employees Raising awareness of current workplace legislation
Siiri invests 10 % in real estate, 40 % in mutual funds, 25 % in government bonds, and 25 % in stocks. what do Siri’s investment demonstrate?
Answers
Answer: Asset allocation
Explanation:
Asset allocation refers to the strategy of investing in different types of assets and investment vehicles so that the risks would be balanced by the rewards to be earned so that the investor will benefit.
Asset allocation is usually based on the investor's investment goals and their risk appetite. Those who are more risk tolerant will usually invest more in stocks so Siiri here is most likely risk averse but based on the percentage that went into stocks, they might be more risk neutral.
A critical analysis of some of the complexities and key issues involved in impairment testing especially in light of the COVID-19 pandemic. In your analysis, you can refer to one or more publications issued by the 'Big 4' firms, accounting professional bodies or academic journals. I need research on complexities with impairment testing. Here you will need to look at reports released by the Big 4 accounting firms or the professional accounting bodies like CPA, CA or ACCA. Briefly summarise what the key complexities could be. For example, I need to calculate recoverable amount for impairment testing which is fair value less costs to sell or value in use. Given the uncertainties posed by COVID, perhaps it is hard to calculate future cash flows for value in use, or fair values might no longer be available, or risk or interest rates might be of concern. You will need to analyse and summarise what key accounting bodies and accounting professionals have said about these types of issues.
Answers
A critical analysis of the complexities and key issues involved in impairment testing, especially in light of the COVID-19 pandemic, requires consideration of reports released by the Big 4 accounting firms and professional accounting bodies such as CPA, CA, or ACCA.
These sources offer insights into the challenges faced in impairment testing. Let briefly summarize some of the key complexities that may arise:Difficulty in calculating future cash flows: Due to the uncertainties brought about by COVID-19, estimating future cash flows for impairment testing may be challenging. This is particularly true for businesses heavily impacted by the pandemic, as their revenue and cash flow projections may be significantly affected.
Unavailability of fair values: Impairment testing often involves comparing the carrying value of an asset to its fair value. However, the COVID-19 pandemic has disrupted financial markets, making it difficult to determine reliable fair values. Market volatility and limited transaction data can contribute to this challenge. Concerns regarding risk and interest rates: The pandemic has introduced increased risk and volatility into the economy.
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Explain how herbs are used in treating any
5 diseases
Answers
Answer:
An herb is a plant or plant part used for its scent, flavor, or therapeutic properties. Herbal medicines are one type of dietary supplement. They are sold as tablets, capsules, powders, teas, extracts, and fresh or dried plants. People use herbal medicines to try to maintain or improve their health.
Explanation:
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Type the correct answer in the box. Spell all words correctly.
Complete the sentence with the correct word.
Mia likes to write books during her
free time. At present, three of her books have been
published and sold around the world.
The income received
from selling her
books is an example c
income.
Reset
Next
Answers
The income received from selling her books is an example of passive income.
Income is split up into three categories by the IRS in the US: active income, passive income, and portfolio income.
What is passive income?A sort of unearned income known as passive income is one that is automatically acquired and requires little to no work to retain. It frequently goes hand in hand with another revenue stream, like a second job. A taxable acquired income, passive income is derived from capital gains or has a connection to the tax deduction system.Examples of passive income include producing books, recording music, selling digital goods, and generating other items that generate money. Investing. capital gains through asset investments.Investing in dividend stocks is one of the simplest passive income strategies available. When you buy a dividend stock, you support a company's operations while also getting regular returns on your investment. Progressive passive income is described as such when the earner puts minimal effort into increasing the revenue.Learn more about passive income here:
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12. ………… you there when the fire broke out ?
1) Are 2) Were 3) Will 4) Did
Answers
Answer:
Were
Explanation:
Have a good day
Hope I helped
Answer:
were
Explanation:
third person plural
rawlings purchased a typewriter from kroll typewriter co. for $600. at the time of the purchase, he made an initial payment of $75 and agreed to pay the balance in monthly installments. a security agreement that complied with the ucc was prepared, but no financing statement was ever filed for the transaction. rawlings, at a time when he still owed a balance on the typewriter and without the consent of kroll, sold the typewriter to a neighbor. the neighbor, who had no knowledge of the security interest, used the typewriter in her home. could kroll repossess the typewriter from the neighbor
Answers
Kroll cannot repossess the typewriter from the neighbor.
A typewriter is a machine designed to type on paper rather than handwriting. There are keys for entering letters, numbers, and symbols simultaneously. The typewriter was made in 1829. Typewriters were originally invented to speed up writing and printing.
The typewriter facilitated the spread of organizational management by reducing the time and cost of writing documents. It enabled the communication systems that shape the business world. The use of typewriters is increasing because the work done by them is accurate, clean, and fast. Your work will look better and work faster. It also creates clean, readable writing and facilitates copy counts.
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At what interest rate are $450 a year ago and $550 one-year from now equivalent?
Answers
Answer:
CAGR = 0.22 or 22%
Explanation:
The equivalent interest rate would be the compound annual growth rate (CAGR). This can be calculated by using the formula: CAGR = (End Value/Beginning Value)^(1/n) - 1, where n is the number of years.
In this case, the CAGR would be calculated as follows:
CAGR = (550/450)^(1/1) - 1
CAGR = 1.22 - 1
CAGR = 0.22 or 22%
To determine the interest rate at which $450 a year ago and $550 one-year from now are equivalent, we need to use the formula for compound interest:
\(A = P(1 + r)^t\)
Where A is the final amount, P is the principal amount, r is the interest rate, and t is the number of years.
We can plug in the values we know to find the interest rate:
\(550=$450(1 + r)^1\)
Dividing both sides by $450 gives us:
1.2222 = (1 + r)
Subtracting 1 from both sides gives us:
0.2222 = r
Multiplying both sides by 100 gives us the interest rate as a percentage:
22.22% = r
Therefore, the interest rate at which $450 a year ago and $550 one-year from now are equivalent is 22.22%.
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Oliver industries is evaluating the manufacturing process for one of their products. Oliver has determined that the process has yearly maintenance costs of $29,000, yearly operating costs of $22,000, and yearly revenues of $97,000. Two years ago, the firm spent $6,000 upgrading the equipment used to make this product, and it expects to spend $5,000 on additional upgrades three years from now. In this scenario, oliver.
Answers
Since, the Oliver industries has spent money on upgradation 2 years back, its sunk cost will be $6,000
Given info:
Maintenace cost = $29,000
Operating cost = $22,000
Revenue = $97,000
Amount spent two years ago on upgradation = $6,000
Money that has previously been spent and can't be recouped is known as a sunk cost. The sunk cost phenomenon in business is an example of the notion that one must "spend to make money." A sunk cost is distinct from potential future expenses a company might incur, such decisions on the price of products or the cost of purchasing inventories. Sunk costs are disregarded when making future business choices since they won't change regardless of the choice made. Not all fixed expenses are sunk costs, but all fixed expenses are fixed costs. Sunk costs were different in that they cannot be recovered. Technology is not a sunk cost, for example, if it may be sold again or returned again for original price.
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This circle graph shows the results of a survey that asked people to identify their favorite type of music. What percent of people chose rock or country as their favorite type of music?
Answers
Answer:
answer 45
Explanation:
Answer:
45%
Explanation:
conscious marketing encompasses all of the following overriding principles except
Answers
Conscious marketing is a marketing philosophy that emphasizes promoting and delivering value to customers while considering the impact of business practices on society and the environment.
It encompasses various principles such as authenticity, transparency, customer-centricity, social responsibility, and sustainability. However, there is no definitive list of overriding principles of conscious marketing, and different sources may define it differently.That being said, based on common definitions of conscious marketing, it is possible to identify some key principles that it generally includes. These may include putting the customer first, being transparent and truthful in marketing communication, providing value while respecting ethical and environmental standards, engaging in socially responsible practices, and promoting sustainability.Therefore, the answer to the question is not straightforward, as it is unclear which principles the question is referring to. However, it is safe to say that conscious marketing generally includes the principles mentioned above and may not include those that conflict with these values, such as deceptive or manipulative marketing practices.
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Where should a worker go for equipment to help put out a small fire?
Where could a supervisor get a bandage for a worker with a cut hand?
Where should a supervisor go to call for an ambulance after a worker breaks a leg?
Answers
Answer:
a. the front east wall
b. the floor manager’s office
c. the employee cafeteria
Explanation:
(A) A worker should go for tools to support putting out a small fire on the front east wall. DON’T pick individual belongings: Fires spread fast.
Who is Supervisor?
(B) A supervisor obtains a bandage for an employee with a cut hand in the floor supervisor’s office.
(C) A manager goes to call for an ambulance after an employee breaks a leg in the employee cafeteria.
While it’s comprehensible that employees will be shocked during a fire, keeping a level leader is important to survival. Fortunately, manipulating fire drills should support provide a calm reaction since everyone will comprehend exactly what to do.
Wrap the wound with a bandage, stay away from food and prep spaces, protect the hand with a glove and finger cot, and protect the wound with a bandage and a glove or a finger cot.
we would extremely advise you to directly administer First Aid and call an ambulance if somebody: Appears not to be breathing, is holding chest pain, working to breathe, or breathing strangely -appearing to ‘suck in’ below their rib cage and utilizing different muscles to support them to breathe.
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Choose the four diversity in the workplace issues from the list below. Remember to choose four!
Ethnic groups
Role of women
Older workers
Physically challenged
Increase advertising
Raise the profit margin
Answers
Answer:
Ethnic groups
Physically challenged
Role of women
Older workers
Explanation:
Diversity in the workplace refers to the employers' deliberate efforts to employ individuals with varying traits. A workplace that embraces diversity will have employees of different religions, races, gender, sexual orientations, educational backgrounds, and other attributes.
Employees with different backgrounds bring on-board different experiences and perspectives, which enhance the quality of decisions. Having a variety of views and opinions results in higher creativity.
which substances are frequently ingested poisons by children? select all that apply.
Answers
There are several substances that are frequently ingested poisons by children. Some of these include household cleaning products such as bleach, disinfectants, and toilet bowl cleaners.
Other common substances include medications, both prescription and over-the-counter, as well as vitamins and supplements. In addition, pesticides, automotive products such as antifreeze and windshield washer fluid, and plants can also be toxic if ingested by children. It is important for parents and caregivers to keep these items out of reach of children and to store them in their original containers with child-resistant caps to prevent accidental ingestion.
1. Household cleaning products (e.g., bleach, detergents)
2. Prescription medications (e.g., painkillers, sedatives)
3. Over-the-counter medications (e.g., cough syrup, pain relievers)
4. Personal care products (e.g., toothpaste, mouthwash)
5. Pesticides (e.g., insecticides, rodenticides)
6. Plants (e.g., poisonous berries, leaves)
7. Alcohol
8. Button batteries
9. Tobacco products (e.g., cigarettes, e-cigarettes)
10. Toxic art supplies (e.g., paint, glue)
It's essential to store these substances securely and out of reach of children to prevent accidental ingestion and poisoning.
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determine the salary that the tanker driver has received in the month of June 2022 if he worked the entire month including Saturdays
Answers
The amount that the driver received in the month of June 2022 if he worked the entire month including Saturdays will be $280.
How to explain the word problemA word problem in mathematics simply refers to a question that is written as a sentence or in some cases more than one sentence which requires an individual to use his or her mathematics knowledge to solve the real life scenario given.
The amount that the driver received in the month of June 2022 if he worked the entire month including Saturdays will be:
= ($55 × 4) + ($15 × 4)
= $220 + $60
= $280
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A driver gets paid $55 per week and an extra $15 on Saturdays. determine the salary that the tanker driver has received in the month of June 2022 if he worked the entire month including Saturdays
how has the market for personal computers changed
Answers
Answer:
they nwes a commuters for kids who want a game
A lot of them are smaller and easier to carry around. Some are more affordable than others. Many are also targeted for people in school or college.
Which of the following statements is CORRECT?a. Diversifiable risk can be reduced by forming a large portfolio, but normally even highly-diversified portfolios are subject to market (or systematic) risk.b. A large portfolio of randomly selected stocks will have a standard deviation of returns that is greater than the standard deviation of a 1-stock portfolio if that one stock has a beta less than 1.0.c. A large portfolio of stocks whose betas are greater than 1.0 will have less market risk than a single stock with a beta = 0.8.d. If you add enough randomly selected stocks to a portfolio, you can completely eliminate all of the market risk from the portfolio.e. A large portfolio of randomly selected stocks will always have a standard deviation of returns that is less than the standard deviation of a portfolio with fewer stocks, regardless of how the stocks in the smaller portfolio are selected.
Answers
Answer:
a. Diversifiable risk can be reduced by forming a large portfolio, but normally even highly-diversified portfolios are subject to market (or systematic) risk.
Explanation:
Diversifiable risk can as well as be regarded as unsystematic risk, it is specific risk of a firm which impacts the price of the stock of individual rather than affecting the industry as a whole or sector where the the firm is carrying out it's operation. It a risk whereby there is possibility that change in the price of a security will be experienced because of the specific characteristics that the security have. It should be noted that Diversifiable risk can be reduced by forming a large portfolio, but normally even highly-diversified portfolios are subject to market (or systematic) risk.