Physical fitness is one of the basic military skills required for soldiers to perform their tasks effectively. Regular physical training is therefore included in soldiers' obligatory educational programs around the world. According to the _____, the soldiers involved in international peacekeeping missions could be highly motivated by the attractiveness or the desirability of the rewards for staying physically fit.
goal-setting theory
theory of need satisfaction
expectancy theory
reinforcement theory
equity theory
Answers
Army Physical Fitness Training Program's objective is to create Soldiers who are physically prepared and able to carry out their duties.
Why is maintaining a healthy body vital for military personnel?The ability to complete all aspects of your work without becoming hurt or losing your deployability depends on your physical fitness. A quick recovery is desired if you are injured or ill, as well as prevention of both.
What is meant by being physically prepared?Physical Readiness is the capacity to complete the task, meet the physical requirements of any combat or duty position, and go on to fight and prevail.
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Related Questions
Select all the correct answers.
Which three statements are true as they relate to supply and demand?
As supply rises, prices generally decrease.
As demand decreases, costs generally increase.
As supply decreases, prices increase.
The average rate of change describes how much a quantity changes as price increases.
As demand rises, the price of the product decreases.
Reset
Answers
Answer:
As demand rises, the price of the product decreases
As demand decreases, costs generally increase
The average rate of change describes how much a quantity changes as price increases.
Explanation:
According to the supply law, the price and the supply have a positive relationship with each other i.e. if the price is increased so the supply is also increased and vice versa
On the other hand, according to the law of demand the price and the demand has the negative relationship with each other i.e. if the price rises so the quantity demanded would decrease and vice versa
In addition to this, in the case when prices are rises so there is a change in the quantity via average change rate
“Automation is bad for the economy because machines will eventually replace almost all human workers, creating high unemployment and poverty”. Do you agree or disagree? Explain your answer.
Answers
I agree that Automation is bad for the economy because machines will eventually replace almost all human workers, creating high unemployment and poverty”.
What is automation?Automation involves the using of machines and computer in getting task done, and this reduce man power.
In this case, Automation is bad for the economy because machines will eventually replace almost all human workers.
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A service industry can provide the followings, except.
(a) Road construction (b.) Recreation (c.) laundry (d.) Hotel
Answers
A service industry can provide the followings, except road construction.The service industry plays a vital role in the economy and society by offering a wide range of services that meet the needs and wants of consumers(Option A).
A service industry is a type of business that provides services rather than tangible products to customers. Examples of service industries include healthcare, education, hospitality, transportation, and professional services such as accounting and consulting.
Among the options given, the service industry cannot provide road construction. Road construction is typically done by government agencies or private construction companies that specialize in infrastructure development.
On the other hand, recreation, laundry, and hotel services are all common offerings of the service industry. Recreation includes activities such as sports, entertainment, and tourism. Laundry services involve the cleaning and pressing of clothing and linens, and hotels provide accommodations for travelers. By providing quality services, service providers can build strong relationships with their customers and gain a competitive edge in the market.
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Which individual is the best candidate to be approved for a loan? Group of answer choices An individual with good credit, irregular income, and seasonal employment An individual with poor credit, irregular income, and stable employment An individual with average credit, steady income, and part-time employment An individual with excellent credit, steady income, and stable employment
Answers
Answer:
An individual with excellent credit, steady income, and stable employment.
Answer:
The answer is D. An individual with excellent credit, steady income, and stable employment.
Explanation:
This is due to them being the most reliable out of all the individuals given.
Omega Tire Co.'s perpetual inventory records indicate that $3,145,000 of merchandise
should be on hand on August 31. The physical inventory indicates that $3,113,500 of mer-
chandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for
Omega Tire Co. for the fiscal year ended August 31.
Answers
The adjusting journal entry for the inventory shrinkage for Omega Tire Co. for the fiscal year ended August 31 is as follows:
Adjusting Journal Entry:Debit Cost of Goods Sold $31,500
Credit Inventory $31,500
What is inventory shrinkage?Inventory shrinkage is a situation where the accounting records show that the value of ending inventory is more than its value based on the physical inventory count.
Inventory shrinkage is usually caused by any of the following factors:
Employee theftShopliftingAdministrative errorsVendor fraudProduct damage.Thus, inventory shrinkage increases the cost of goods sold.
Transaction Analysis:Inventory based on the perpetual inventory records = $3,145,000
Inventory based on the physical inventory count = $3,113,500
Difference (Shrinkage in inventory) = $31,500 ($3,145,000 - $3,113,500)
Cost of Goods Sold $31,500 Inventory $31,500
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Q.1. Which of the following transactions and events would result in a deterioration in Price to earnings ratio?
A.issuing shares for cash
B. acquiring cash proceeds from a 10-year reducing balance loan
C. purchasing inventory on credit
D. A and B only
E. A and C only
F. B and C only
G. All of the above
H. None of the above
Q.2. which of the following transactions and events would result in a deterioration in Days Purchases Outstanding?
A. the receipt of cash for dividends from other entities
B. acquiring cash proceeds from a 10-year reducing balance loan
C. the purchase of machinery financed entirely by a reducing-balance bank loan
D. A and B only
E. A and C only
F. B and C only
G. All of the above
H. None of the above
Q.3. which of the following transactions and events would result in an improvement in Interest Coverage Ratio?
A. purchasing inventory for cash
B. a payment to a supplier for amounts owing on inventory previously purchased on credit
C.receiving cash for interest revenue previously accrued
D. A and B only
E. A and C only
F. B and C only
G. All of the above
None of the above
Q.4. which of the following transactions and events would result in a deterioration in Gross Profit Margin ?
A. payment to acquire shares in another business as a long-term investment
B. the payment of a dividend to the entity’s shareholders
C. an adjustment for accrued interest on a loan at the end of the period
D. A and B only
E. A and C only
F. B and C only
G. All of the above
H. None of the above
Q.5. which of the following transactions and events would result in an improvement in Quick Ratio?
A. making a payment of principal and annual interest on a reducing balance loan
B. issuing shares for cash
C. an adjustment for wages owing at the end of the period
D. A and B only
D. A and C only
E. B and C only
F. All of the above
G. None of the above
Answers
1. Option E, A and C only, would result in a deterioration in Price to earnings (P/E) ratio.
2. Option F, B and C only, would result in a deterioration in Days Purchases Outstanding (DPO).
3. Option E, A and C only, would result in an improvement in Interest Coverage Ratio (ICR).
4. Option H, None of the above. Payment to acquire shares or paying dividends would not affect gross profit margin.
5. Option D, A and B only, would result in an improvement in Quick Ratio.
1. Issuing shares for cash would increase equity, which may improve the P/E ratio, while purchasing inventory on credit could delay cash outflows and improve the P/E ratio. However, if both options were combined, issuing shares to purchase inventory on credit, then the increase in equity and the delay of cash outflows could both lead to a deterioration in the P/E ratio.
2.Acquiring cash from a reducing balance loan implies that the entity is borrowing money, without an average steady cash inflow, thereby increasing DPO. Likewise, purchasing machinery may decrease cash, thereby also increasing DPO.
3.Purchasing inventory for cash would free up, or conserve cash, thereby improving the ICR. Receiving cash for interest revenue previously accrued would increase cash inflows, thereby improving the coverage ratio.
4.Accrued interest would be reflected in interest expense, which is not included in gross profit margin.
5.The payment of principal and annual interest on a reducing balance loan would reduce liabilities. Issuing shares for cash would increase assets.
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operations management course concept
Answers
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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Cvs purchase of Aetna represents what type of fundamental strategy
Answers
Answer:
growth strategy
Explanation:
the options were missing:
defensive global growth divisional stabilityBy acquiring Aetna, CVS entered the health insurance industry. CVS was already one of the largest players in the health care industry since it owned one of the largest chain of pharmacies in the US and due to its size was able to negotiate discounts and other services with health care providers and drug producers.
The fact that one of the largest chain of pharmacies and retail health centers merges with one of the largest health insurers will give them competitive advantages, e.g. being capable of offering lower prices or earning higher higher profits (or both even).
Another important factor in this equation is consumer data, and that is going to be significant and the more information a company possesses and uses correctly, it can target more profitable consumer segments.
There are many other advantages including cutting costs, better customer service, etc.
Outsourcing can give short term
Answers
Short-term outsourcing is available and may provide you quick fixes and immediate resolutions, you have to see outsourcing as a business partnership that can last beyond a decade. Quick fixes, after all, are incapable of producing long-term rewards.
A company function or any particular business activity may be outsourced to specialist organizations. The corporation often outsources the non-core functions like sanitization, security, home, pantry, etc. The business and the agency enter into a legal contract.
The necessary personnel are then provided to the firm by the agency. The agency bills the business for their services and reimburses them by paying their workers' salaries. Outsourcing is on the rise as a result of global competition. Companies may enhance their profitability and improve the quality of their products by concentrating on their core competencies with the aid of outsourcing.
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if the CEO of beautify wanted to develop a new line of skin care products specifically for people with sensitive skin, she might appoint a
Answers
Answer: companies
Explanation: because she has a beautiful work job
If the CEO of Beautify wanted to develop a new line of skincare products specifically for people with sensitive skin, she might appoint a product development team or a specialized research and development (R&D) team to oversee the process.
Appointing a product development team or an R&D team would be a suitable approach for developing skincare products tailored to individuals with sensitive skin. This team would typically consist of experts in the field, including cosmetic chemists, dermatologists, and skincare specialists. Their role would involve conducting research, analyzing market trends, formulating product ingredients, and testing the efficacy and safety of the skincare line.
By assembling a dedicated team, the CEO can ensure that the specific needs and concerns of people with sensitive skin are addressed throughout the product development lifecycle. This team would focus on creating formulations that are gentle, hypoallergenic, and free from potentially irritating ingredients. They would also conduct thorough testing to validate the effectiveness and compatibility of the products with sensitive skin.
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What kind of warranty is often offered not through the manufacturer but instead through a third party? a. manufacturer’s warranty b. extended warranty c. full warranty d. limited warranty Please select the best answer from the choices provided
Answers
Answer:
The correct answer is B.
Explanation:
I just took the test, and B is correct.
An extended warranty is often offered by a third party instead of a manufacturer. The correct option is b.
What do you understand about an extended warranty?An extended warranty or service agreement is a prolonged warranty offered to customers in addition to the standard warranty on new items. This kind of warranty can be offered by the warranty administrator, the retailer or the manufacturer.
Extended warranties cost extra and for a percentage of the item's retail price. Occasionally some extended warranties that are purchased for multiple years state in writing that during the first year the consumer must still deal with the manufacturer in the occurrence of malfunction.
There are certain terms and conditions in extended warranty which may not match the original terms and conditions. For instance, these may not cover anything other than mechanical failure from normal usage.
Some common examples of extended warranties are automobiles and electronics.
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1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
Answers
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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You are a loan officer at a bank. An applicant comes to you for a $5,000 loan. Explain why you would want to know that person's credit history.
Answers
I would want to know the applicant's credit history so as to be able to determine the likelihood of the applicant paying back the loan. An applicant that has a history of defaulting on loans or has maxed out credit cards is unlikely to pay back a loan.
For example, consider two applicants, Mr A and Miss B, who come to apply for a loan. Mr A. has a three maxed out cards, he has defaulted on a loan payment at another bank and he is currently unemployed. On the other hand, Miss B is a student with no history of debt. She came to apply for a loan so as to be able to pay for her college tuition.
Miss B has a better credit history when compared with Mr A. She is less likely to default on payment and hence she is a better candidate for the loan. If the loan officer does not check for this information, he would not be privy to the information and so he is in danger of giving the loan to the less suitable person.
Credit history is a report that provides information on the repayment of debt of an individual. It provides information about amount owed and how soon repayments were made. Credit history is usually contained in a credit report
Contents of a credit report
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Suppose a self-regulating economy is in a recessionary gap at the time the Fed enacts expansionary monetary policy. Furthermore, suppose the Fed is able to enact expansionary monetary policy in such a precise way that the economy moves from a recessionary gap into long-run equilibrium, if there are no other changes in the economy. The combination of expansionary monetary policy and a self-regulating economy will cause: __________
a. Real GDP to rise to a level above Natural Real GDP
b. Real GDP to rise to a level below Natural Real GDP
c. Real GDP to rise to a level dqual to Natural Real GDP.
d. a recessionary gap to turn into an inflationary gap.
Answers
Considering the situation described above, the combination of expansionary monetary policy and a self-regulating economy will cause "Real GDP to rise to a level equal to Natural Real GDP."
This is because when Real GDP rises to a level equal to Natural Real GDP, that means the economy has adjusted such that the economy moves from a recessionary gap into long-run equilibrium.
Generally, the Real GDP shows the actual production level of a country, and as such, when there is neither inflation nor deflation, Real GDP equals Natural Real GDP.
Hence, in this case, it is concluded that the correct answer is option C. "Real GDP to rise to a level equal to Natural Real GDP."
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Duncan, Inc.'s unadjusted book balance showed cash balance of $1,763 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $427, deposits in transit of $831, NSF check of $195, and interest earned on the bank account of $15, the company's up-to-date ending cash balance equals:$_____
Answers
Answer:
the up-to-date ending cash balance is $2,167
Explanation:
The computation of the up-to-date ending cash balance is shown below:
= Cash balance + deposit in transit - outstanding checks
= $1,763 + $831 - $427
= $2,167
Hence the up-to-date ending cash balance is $2,167
We simply applied the above formula
Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will
Answers
Answer: decrease
Explanation:
Demand is the amount of product or service that a economic entity wants to buy at a certain price at a particular time period.
When the world price of steel falls substantially, the demand for labor among steel-producing firms in Pennsylvania will reduce. This is because as price reduces, producers will want to supply less steel thereby demand for labor will reduce.
Martha is an 88-year-old legally blind widow. The assessed value of her condominium is $49,500. What is the total property tax exemption on her homesteaded property
Answers
The total property tax exemption on her homesteaded property will be $26,000.
What is total property tax exemption?
Generally, adult that are aged 65, older or disabled are qualified for the tax exemption on the date you become age 65 or disabled.
In conclusion , because her assessed value of her condominium is $49,500, then, she is entitled to a tax exemption on her homesteaded property up to $26,000.
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Match the expense revenues with expenses recognition approaches with the most appropriate accounting event.
Cause-and-effect relationship
Cost of goods sold
Specific time period
Monthly salary payments to an office employee
Without regard to related revenue in the period incurred Advertising expenditures
Answers
Answer:
Cause-and-effect relationship - Cost of goods sold
With the Cause and effect relationship, costs are linked to the revenue that they were incurred for to create. Cost of goods would therefore be linked to revenue.
Specific time period - Monthly salary payments to an office employee
Costs are to be recognized in the same period of time they were incurred. The monthly salary is to be paid monthly because it is incurred monthly.
Without regard to related revenue in the period incurred - Advertising expenditures
The advertising costs will be incurred when spent and not when the benefits are accrued.
What are the potential benefits of using LED lights over conventional lights and what are the best brands to buy from?
Answers
Answer:
LED lights can help you enhance your gaming or movie-watching setup, decorate your countertops, or just give any room in your home a new aesthetic. Led can also help with monthly expenses. They are eco friendly and consume less power
A very reliable and trusted brand, Philips can be found in most eco friendly homes.
5 eBook Preparing a consolidated income statement For the year ended December 31, 20Y2, the operating results of Paley Corporation and its wholly owned subsidiary, Sims Enterprises, are as follows: Paley Sims Corporation Enterprises Sales Cost of goods sold Gross profit Operating expenses Operating income Interest revenue Interest expense Net income Sales 3,200,000 (1,900,000) 1,300,000 (750,000) 550,000 20,000 Cost of goods sold Gross profit Operating expenses Operating income During 20Y2, Sims Enterprises sold and received payment of $80,000 for merchandise that was purchased by Paley Corporation. The merchandise sold to Paley cost Sims Enterprises $45,000. Paley Corporatio (nonaffiliated) company for $110,000. 570,000 a. Prepare a consolidated income statement for Paley Corporation and Subsidiary. Hint: Eliminate the effect of the intercompany sale. Paley Corporation and Subsidiary Consolidated Income Statement For the Year Ended December 31, 20Y2 Other revenue and expense: Interest revenue Interest expense Net income Print Item Check My Work 900,000 (550,000) 350,000 (125,000) 225,000 (15,000) 210,000 X All work saved. Email Instructor Sav
Answers
The cost of goods sold ($1,900,000 + $45,000) is adjusted by the intercompany sale. the effect of the intercompany sale is eliminated in preparing the consolidated income statement.
Consolidated income statement is used to combine the financial statements of two or more parent company and their subsidiaries into a single financial statement. Therefore, the consolidated income statement for Paley Corporation and its wholly owned subsidiary, Sims Enterprises can be prepared as follows; Paley Corporation and Subsidiary Consolidated Income Statement For the Year Ended
December 31, 20Y2Sales $3,200,000Cost of goods sold ($1,900,000 + $45,000) 1,945,000 Gross profit $1,255,000
Operating expenses ($750,000 - $125,000) 625,000
Operating income $630,000Other revenue and expense:
Interest revenue $20,000Interest expense ($15,000 + $20,000) (35,000)Net income $615,000Note: The cost of goods sold ($1,900,000 + $45,000) is adjusted by the intercompany sale.
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Buying land with the anticipation of it going up in value is an example of:
Answers
Buying land with the anticipation of it going up in value is an example of Principle of anticipation.
What is principle of anticipation?The Principle of anticipation perceive the value that a product by creating an expectation of the future benefits that will be derived from such product's.
A products is purchased to keep in anticipation that there will be more value added to it in Future.
Therefore, Buying land with the anticipation of it going up in value is an example of Principle of anticipation.
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You start with a $1,000 portfolio; it loses 50% over the next year, the following year it gains 50% in value. At the end of two years your portfolio is worth:
a. $1,000.
b. $500.
c. $750.
d. $950.
Ans: C
Answers
At the end of the two years your portfolio is worth $750. The appropriate response is option C.
What is a portfolio ?A portfolio is a collection of financial assets, such as securities, bonds, commodities, cash, and cash equivalents, such as closed-end funds and exchange-traded funds (ETFs). Most people think that a portfolio's core consists of equities, bonds, and cash.
The initial value of portfolio = $1,000
After loss = $500
After gain = $500+ $250
= $750
Hence, the appropriate response is option C.
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Suppose a campus restaurant increases the number of workers it hires from 2 workers per day to 12 workers per day. As a result, it
total revenue increases from $90 per day to $600 per day.
Assuming that each worker is equally productive, whats the marginal revenue product per day of each additional worker?
Assuming the restaurant is using its resources in a profit-maximizing way, and that each worker works 5 days each week, whats is the current weekly wage rate in the labor market?
Answers
Answer:
It will increase 12 workers per day and increase exponentially with 2 workers. It will also increase by $510 every day. The restaurant will gain more profit if each worker continues to keep their current weekly wage rate.
Explanation:
a. The marginal revenue product per day of each additional worker is $51 per day.
b. The current weekly wage rate in the labor market is $255.
a. Marginal revenue product per day
Using this formula
Marginal revenue product=Incremental revenue/Incremental workers
Let plug in the formula
Marginal revenue product=($600-$90)/(12-2)
Marginal revenue product=$510/10
Marginal revenue product=$51 per day
b. Current weekly wage rate
Weekly wage rate=$51×5 days
Weekly wage rate=$255
Inconclusion the marginal revenue product per day of each additional worker is $51 per day and the current weekly wage rate in the labor market is $255.
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Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amount for each letter. Assume in all cases that manufacturing overhead is applied on the basis of direct labor cost and the rate is the same.
Case A Case B Case C
Direct materials used $Manufacturing cost data for Orlando Company, which (a) $91,200 $69,000
Direct labor 52,200 143,800 Manufacturing cost data for Orlando Company, which (h)
Manufacturing overhead applied 42,804 Manufacturing cost data for Orlando Company, which (d) Manufacturing cost data for Orlando Company, which (i)
Total manufacturing costs 149,800 Manufacturing cost data for Orlando Company, which (e) 216,100
Work in process 1/1/14 Manufacturing cost data for Orlando Company, which (b) 21,300 18,400
Total cost of work in process 208,600 Manufacturing cost data for Orlando Company, which (f) Manufacturing cost data for Orlando Company, which (j)
Work in process 12/31/14 Manufacturing cost data for Orlando Company, which (c) 11,900 Manufacturing cost data for Orlando Company, which (k)
Cost of goods manufactured 193,500 Manufacturing cost data for Orlando Company, which (g) 232,600
Answers
Answer:
a= 54796
h= 80,824
d=117916
i=67915.68
e=$ 352196
b= 58,800
f= 373496
j= 234500
c= 15100
k= 1900
g=3721596
Explanation:
Orlando Company
Manufacturing Cost Data
Case A Case B Case C
Direct materials used (a) $91,200 $69,000
a=149,800 - 42,804- 52,200 54796
Direct labor 52,200 143,800 (h)
$69,000 +x+0.82h= 216100
1.82h= 216100-69000
h= 147100/1.82= 80,824 80,824
Manufacturing overhead applied 42,804 (d) (i)
d=82% of 143,800=117916 117916
i=82% of 80824 = 67915.68 67915.68
Total manufacturing costs 149,800 (e) 216,100
e=$91,200+ 143,800+ 117916 352196
Work in process 1/1/14 (b) 21,300 18,400
b=208,600- 149,800 58,800
Total cost of work in process 208,600 (f) (j)
f=352196+ 21,300 373496
j=216,100 + 18,400 234500
Work in process 12/31/14 (c) 11,900 (k)
c=208,600 - 193,500 15100
k=234500 -232,600 1900
Cost of goods manufactured 193,500 (g) 232,600
g=373496- 11,900 3721596
The formulas used are given below.
Total Manufacturing Cost = Direct Materials + Direct Labor + Factory Overheads
Total cost of work in process= Total manufacturing costs+ Opening Work in process
Cost of goods manufactured= Total cost of work in process - Closing Work in process
In each of these if two amounts are known we can find the third one.We can also do rearrange these to find the required amounts.The calculation of each of the missing amount has been done next to it.
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’s ONE way a career counselor can help someone learn more about a career they are interested in?
A.
setting up interviews with people working in that field
B.
hiring someone as an intern to work in that field
C.
helping a student start a school club related to that field
D.
creating a recommended reading list to learn about that field
Answers
The correct option is A. Setting up interviews with people working in that field is one way a career counselor can help someone learn more about a career they are interested in.
Career counselors play an important role in helping individuals explore different career options and make informed decisions about their future. One of the most effective ways they can help is by connecting individuals with professionals in the field they are interested in. Setting up informational interviews with people working in that field can provide valuable insights into what the job entails, what skills are needed, and what the work environment is like.During an informational interview, individuals can ask questions about the day-to-day tasks, career paths, and opportunities for advancement in the field.
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Exposition, Inc. had 200 units of inventory on hand at the end of the year. These were recorded at a cost of $14 each using the last-in, first-out (LIFO) method. The current replacement cost is $10 per unit. The selling price charged by Exposition, Inc. for each finished product is $16. As a result of recording the adjusting entry as per the lower-of-cost-or-market rule, the gross profit will ________. Group of answer choices increase by $2,000 decrease by $2,000 increase by $800 decrease by $800
Answers
Answer:
decrease by $800
Explanation:
The computation of the gross profit is calculated below:
= Number of inventory units on hand at the end of the year × (Cost per unit - current replacement cost per unit)
= 200 units × ($14 - $10)
= 200 units × $4
= $800
This $800 represents the decrease in gross profit and the same is to be considered
hence, the last option is correct
The Retained earnings account has a credit balance of $39,000 before closing entries are made. Total revenues for the period are $57,200, total expenses are $40,800, and dividends are $9800. What is the correct closing entry for the expense accounts?
Answers
Answer:
Debit income summary $40,800
Credit expense accounts $40,800
Explanation:
The correct closing entry for expense account would be to debit the income summary for $40,800 and then credit the expense accounts for $40,800.
Here, other items such as revenue, retained earnings and dividends would all be ignored because we were specifically asked to get the correct closing entry for expense account, hence; only expense value would be considered.
What are two features of a discussion forum?
A.connects people based on location
B.hosts videos about events or activities
C.creates networks of people with common interests
D.provides quick, short messages to the public
E.facilitates posting questions that people can answer
Answers
Answer:
C. creates networks of people with common interests
E. facilitates posting questions that people can answer
Answer:
C & E
Explanation:
plato
Why is it important to visit Nissan-sponsored and third-party automotive websites?
Answers
Answer: NO DONT VISIT NISSAN, VISIT MCLAREN!
Explanation: MCLAREN > NISSAN