Socialist Economy allows very little say for individuals and businesses.
What is Socialist Economy ?
In Socialism, the society, or the government, owns the means of production, and no one is allowed to own private property in excess of a specified amount. As a result, it is government that makes use of these resources for social welfare.
According to Samuelson, “Socialism refers to the government ownership of the means of production, planning by the government and income distribution”.
Main Characteristics of the Socialist Economy:
Collective Ownership: In socialism, the society, or the government, owns the means of production, and no one is allowed to own private property in excess of a set amount. As a result, it is government that makes use of these resources for social welfare.Economic, social, and political equality: Rich and poor are nearly equally distributed under socialism. There is no issue with class conflict.Economic Planning: In a socialist society, the government sets specific goals. Economic planning is a strategy used by the government to accomplish these goals. In the economic planning, several decisions are made pertaining to an economy's main issues. The economy is planned for by the Central Planning Authority.No Competition: There is no fierce competition, in contrast to a capitalist system. As the state is the only business owner, it indicates a lack of competition.The Government's Beneficial Role: In socialism, the government has a big say in how things are decided. Therefore, economic operations like distribution, exchange, consumption, investment, and foreign trade are completely under the jurisdiction of the government.To know more about Socialist Economy refer
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11. Explain how numbers are sorted in consecutive numbering, terminal-digit numbering, and middle-digit numbering. (Obj. 5)
Consecutive numbering is used to organize the numbers from lowest to highest without interruption. The last few digits of a sequence are used in terminal-digit numbering to define the main key for sorting.
What is consecutive numbering?Generally, The term "consecutive numbers" refers to a series of numerical values that proceed one after the other without interruption in the ascending order of size. Examples of consecutive numbers include the following: 1, 2, 3, 4, 5, 6, and so on.
The use of consecutive numbering ensures that the numbers are presented in ascending order, starting with the lowest and working their way up to the highest.
In conclusion, When terminal-digit numbering is used, the primary key for sorting is determined by using the most recent few digits of a sequence.
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why Nike is a competitor to Decathlon? and i need a website for this ìnormation
Based on the available information, Nike is a competitor to Decathlon because both brands are manufacturers of sports wears.
Similarities between Nike and DecathlonFrom the business activities of Nike and Decathlon, it has been revealed that both brands major in the production of Sportswear.
The sportswear produced by Nike and Decathlon includes but is not limited to the following:
BootsSnowboardsFootballBasketballWinter JacketsHelmets, etc.These two brands are considered competitors because they both have the same consumers to patronize their products.
Also, since both brands are in the same line of business, they are considered to be in the same industry.
Hence, in this case, it is concluded that the correct answer is that both brands are manufacturers of sports wears.
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Can someone help me with this question please and Thank you
Total Assets ($118,100) = Total Liabilities and Stock holders Equity ($118,100)
BALANCE SHEET
CURRENT ASSETS:
CASH 45,700
ACCOUNTS RECBLE 72,400
TOTAL CURRENT ASSETS 118,100
NON-CURRENT ASSETS:
TRUCK
ROTO TILLER
DISPLAY EQUIPMENT
CASH REGISTER
TOTAL NON-CURRENT ASSETS 0
A) TOTAL ASSETS 118,100
CURRENT LIABILITIES:
ACCOUNTS PAYABLE 94,600
ACCURED EXPENSES
TOTAL CURRENT LIABILITIES 94,600
NON-CURRENT LIABILITIES:
BANK LOAN
TRUCK LOAN
TOTAL NON-CURRENT LIABILITIES 0
STOCK HOLDERS EQUITY:
COMMON STOCK/ OWNER'S CAPITAL 23,500
RETAINED EARNINGS
TOTAL STOCK HOLDERS EQUITY 23,500
B) TOTAL LIABILITIES & STOCKHOLDERS EQUITY 118,100
A = B,
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The following merchandise transactions occurred during December for two different companies: Rippen
and Burnen. Both companies use a perpetual inventory system.
On December 3, Rippen Corporation sold merchandise on account to Burnen Corp. for $480,000, terms
2/10, n/30. This merchandise originally cost Rippen $320,000.
On December 8, Burnen Corp. returned merchandise to Rippen Corporation for a credit of $30,000.
Rippen returned this merchandise to inventory at its original cost of $20,000.
December 12, Burnen Corp. paid Rippen Corporation for the amount owed.
Required:
a. Prepare the journal entries to record these transactions on the books of Rippen Corpo
The accounting entries for Rippen Corporation is recorded as follows:
December 3,
DR Accounts Receivable (Burnen Corp.) $480,000
CR Sales $480,000
DR Cost of Goods Sold $320,000
CR Inventory $320,000
December 8,
DR Sales Return $30,000
CR Accounts Receivable $30,000
DR Inventory $20,000
CR Cost of Goods Sold $20,000
December 12,
DR Cash $441,000
DR Credit Discount $9,000
CR Accounts Receivable $450,000
What is Journal Entry?A journal entry is recorded for the transactions of a company in the relevant period, the entry that is recorded is also known as the double entry. These journal entries are then used to prepare T-Accounts, an then trial balance is made and ultimately income statement and balance sheet are made.
The transaction includes a discount of 2% as credit discount for the payment being made within 10 days.
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A plan presenting financial forecasts for the business
A plan presenting financial forecasts for the business profit and loss statement, cash flow statement, balance sheet, cash flow forecast, and budget for expenses should all be included in the financial component of your business plan.
A financial forecast outlines the measures that must be taken in order to earn future income and pay for future expenses, whereas a financial forecast is an estimation or projection of expected future income or revenue and expenses. A financial plan can also be thought of as what a person or business intends to do with income or revenue acquired.
A financial plan is a road map created now that can be followed over time, whereas a financial forecast is a projection or estimate of future outcomes predicted today. Both processes aim financial activity toward the future.
For a corporation to succeed, financial forecasting is essential. A business must have a realistic estimate of the amount of revenue it expects to generate over a specific period of time in order to manage working capital and cash flow successfully.
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Using the definition of the unemployment rate, is a decrease in unemployment necessarily a good thing for a nation?
A decrease in unemployment is always a good thing in a country with healthy population increase. A decrease in unemployment is not a good sign, when the country is facing steep population decline.
The definition of unemployment rate is a measure of unemployed labor force actively looking for employment versus the total labor force in that country or nation.
As more people are actively employed, it means the economy is strong and showing signs of growth. The lower the number of unemployment rate, the stronger the economic indicator, including steady inflation, good interest rates and so on.
Depending on how big the decrease in unemployment versus the total amount of the workforce, generally a decrease in unemployment is regarded positively.
It is said that a good or healthy level of unemployment in any given country should be between 4 to 6%, as any lower would mean less productivity and higher cost.
Economists have theorized that extremely low unemployment rates will put pressure on prices of goods, due to increased demands caused by the increases in disposable income of its citizens, and in the end results in higher rate of inflation.
Others have surmised that low unemployment level is making employee recruitment and retention difficult since there's not a lot of people left in the job market, and companies have to be proactive in their recruitment and retention to attract people to work for them.
Extremely low levels of unemployment is also theorized as a sign of looming recession.
In the US alone, prior to the pandemic there are around 6 to 7% unemployment; however during the pandemic, it reached highs of more than 12%, and today eases at around 4%.
Therefore by the definition of unemployment rate, the cycle follows through that higher level of unemployment meant the economy is unhealthy, as spending power and disposable income diminished.
At lower unemployment levels, the economy shows strong signs of recovery as inflation and interest rates were manageable. At the lowest rates of unemployment this year, recession looms and inflation are higher than normal, creating fears of recession.
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You have observed that the average size of a particular goldfish is 1.5 inches long. The standard deviation of the size of the goldfish is 0.25 inches. What is the size of a goldfish such that 95 percent of the goldfish are smaller? Assume a normal distribution for the size of goldfish.
You have observed that the average size of a particular goldfish is 1.5 inches long. The size of a goldfish such that 95 percent of the goldfish are smaller is 1.25 inches
What is the size of a goldfish?Now let us say that the length of a certain goldfish is denoted by the letter X.
It is said that the mean size is 1.5 inches, and the standard variation of the size is 0.25 inches. Also stated is that the mean size is 1.5 inches.
Take it for granted that X follows a normal distribution.
Calculate the size of a goldfish in such a way that only 16% of goldfish are less than the calculated size by using the following formula:
P (X < x) = 0.16
⇒ P (Z < z) = 0.16
The z-value that corresponds to such a probability is as follows:
[tex]\begin{aligned}&z=\frac{x-\mu}{\sigma} \\&-0.99=\frac{x-1.5}{0.25} \\&x=1.5-(0.99 \times 0.25) \\&x=1.2525 \\&x \approx 1.25\end{aligned}[/tex]
Therefore, 16 percent of the goldfish measure less than 1.25 inches in length.
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a high value for the times interest earned ratio means that a company is a lower risk borrower.
a. true
b. false
A corporation is a lesser risk borrower if the times interest earned ratio is high is False
Explain about the High risk borrower?when the applicant has a high likelihood of defaulting due to a low credit score, poor credit history, or both. A high-risk borrower is likely to have few, if any, other loan options, according to the lender.
Your payment processor has determined that your business has a higher risk of chargebacks or fraud and has assigned you a high-risk merchant account. High-risk merchant accounts incur higher processing fees to cover the risk the payment processor assumes.
You have a lower chance of being authorized the more risk you present to a lender. High-risk loan categories could include: Securing loans: These loans call for the holding of an asset as collateral, like your house or vehicle.
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Over the past year, Ionia’s money supply increased by $5 billion, $6 billion in bonds were sold to the public, an unused military base was sold for $1 billion, and the government spent $20 billion.
1. determine the amount of Ionia’s budget deficit or surplus
2. determine the amount of Ionia’s tax revenue for the year
According to the available data, Ionia experienced a budget deficit The $9 billion budget surplus or deficit for Ionia. Ionia received $11 billion in tax income last year.
What was Lonia 's Budget ?1. According to the information provided, Ionia had a budget deficit since spending exceeded income.
2. The surplus or deficit in Ionia's budget
Budget surplus or deficit = $1 billion +$3 billion + $5 billion
$9 billion, whether in deficit or excess.
3. Tax collection
$20 billion in tax revenue - ($1 billion, $3 billion, and $5 billion)
Tax revenue = $20 billion- $9 billion,
$11 billion in tax revenue
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In 100 words or fewer explain:
As a financial advisor, how will you get new clients?
As a client, how would you choose a financial advisor?
A financial advisor can get new client through the qualities and skills they posses and a client can choose a financial advisor when the client is satisfied that the financial advisor is someone that is qualified to give financial advises.
Who is a financial advisor?
A financial advisor is person whose job is to advice someone on how to effectively manage their resources as well as finances so as to prevent running into debt or financial mismanagement.
A financial advisor can tend to get a new client by advertising themselves or showcasing the type of skills they possess as well as how they can effective advice and help people to manage their finances.
A client can tend to choose a reliable financial advisor by checking whether the advisor is a professional or a person that is qualified to be a financial advisor as well as a verifying if the advisor is a person that can help to advice people on how to effectively manage their finances.
Therefore the a financial advisor help to advices people on how to manage their finances as well as investment.
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Which major promotion category uses catalogs, telephone marketing, kiosks, and the Internet?
A) sales promotion
B) direct marketing
C) horizontal diversification
D) public relations
Direct marketing helps businesses cut
costs. Media for direct marketing include
face-to-face sales, direct mail, catalogue
marketing, telemarketing, TV, and kiosks.
Delivering individualized and frequently
interactive promotional materials to specific consumers through channels like mail, catalogues, the Internet, e-mail, telephone, and direct-response advertising is known as direct marketing.
Direct marketing is a style of advertising that involves communicating with your target market directly to offer information about your business, product, or service.Some examples of direct marketing techniques include telephone marketing,emails, online ads, flyers,database marketing, promotional letters,newspapers,and outdoor advertising.
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Suppose that 17,000 is deposited for seven years awt 3% APR calculate the nearest interest earned if interest is compounded monthly round your answer to the nearest cent
The interest earned if 17,000 is deposited for 7 years with a 3% APR compounded monthly is $3,967,03.
What is the interest earned?If the account the money is deposited is compounded monthly, it means that both the amount that was deposited and the interest that has already accrued increases in value once a month over the seven years investment period.
The interest earned is the difference between the amount deposited and the future value of the money in the account.
Interest earned = future value - amount deposited.
The formula that can be used to determine the future value of the amount deposited is:
FV = P(1 + r)^(m x t)
Where:
FV = future value P = amount deposited r = interest rate = APR / number of compounding = 3% / 12 = 0.25%m = number of compounding = 12 t = number of years = 7FV = 17,000 x (1 + 0.0025)^(12 x 7)
FV = 17,000 x (1.0025)^84 = $20,967.03
Interest earned = $20,967.03 17,000 = $3,967,03
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Do we really have a free market system???? Supply and Demand!!!! Should we be able to get whatever we want!!!!!
(One paragraph answer)
The US has a free market system, that is, there is less state control over the economy.
What is the free market system?It corresponds to an economic system that underlies capitalism, that is, economic exchanges are carried out between individuals and companies with the objective of obtaining profitability, through the private sector.
The free market system has as benefits the greater autonomy of citizens to carry out voluntary exchanges that directly influence the economic flow of the country.
In this system, economic agents are free, that is, the economic laws of supply and demand occur naturally, that is, they are directly influenced by the quantity of goods and services produced and the purchasing power of the population.
Therefore, the free market is an independent, decentralized system whose demand and supply are influenced by economic production and money transfer, without government control.
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Which of these is not part of the marketing concept?
Multiple Choice
Providing customer satisfaction
Matching competitors' offering
It relies on the integrated effort of numerous departments, not just marketing
That corporate goals can be achieved through customer satisfaction
From the following, the one which is not a part of the marketing concept is that, it relies on the integrated effort of numerous departments, not just marketing.
Marketing is considered to be the process of getting the right goods or services or ideas to the right people at the right place, time, and also the right price. This can be done using the right promotion techniques and utilizing the appropriate people to provide such customer service.
It is seen that the most successful organizations are said to have adopted the marketing concept. Thus, this marketing concept is based on the right principle. The marketing concept is oriented toward customers satisfaction by offering value, and does not rely on integrated effort of numerous departments.
Hence, option C is correct.
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Pro-forma FY+1 EPS for Amazon Inc. is expected to be: Review Later $45.71 $36.77 $50.00 $130.33
Option B. The Pro-forma FY+1 EPS for Amazon Inc. is expected to be 36.77 based on the calculation.
How to solve for the Pro-forma FY+1 EPSThe normalized net earnings = $23688
normalized net earnings of snap = -581
proforma adjustment = - 3134
Total proforma earning = 19973
Next we have to solve for the cost of acquisition
shares of snap * price of snap * (1 + premium)
= 1734 * 44.29 (1 + 20%)
cost of acquisition = $92158.63
Next is the cost financed by equity
= $92158.63 * 80 percent
= 73726.91 dollars
Next is to solve for the new price of the equity issue
= 3099.4 * (1 - 50%)
= 2944.43 dollars
Next is the number of new shares 73726.91 dollars / 2944.43
= 25.04
Total share after acquisition
shares outstanding + new shares
= 518 + 25.04
= 543.04
The EPS would be the next to solve for
this is gotten by the formula
total proforma / number of shares
= 19973 / 543.04
= 36.78
Hence the Pro-forma FY+1 EPS is going to be: $36.77
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complete question: check attachment
You are 18 years old single, and still live at home.
What type of life insurance policy should you purchase?
Answer: none of the above
Explanation: i took the test
Responses
term life insurance
variable life insurance
universal life insurance
none of the above
none of the above
Answer:
i one person plan
Explanation:
27. In logistics, how long it takes to assemble a car is known as a. lead time b. cycle time c. order time d. delivery time
In logistics, how long it takes to assemble a car is known as a lead time.
A lead time in logistics tend to refer to the time which it takes from when a purchase order is created for a supplierwhich is until the goods are delivered from that supplier to the customer, so, this can be an individual or maybe a store.
Here, coping with this concept is pivotal in order to organize all the different processes throughout your supply chain. Thus, the material lead time is an amount of time between which a company tend to become aware of a need for raw materials and when the materials are said to be physically obtained.
Hence, option A is correct.
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As James markets his bike tires to sporting goods manufacturers, what trade credit terms would be the most favorable to him, not the manufacturers?
Multiple Choice
Net 60
Net 30
Net 15
2/10, Net 60
2/10, Net 30
The trade credit terms that would be the most favorable to James and not the manufactures is Net 30.
What are the most favorable credit terms?The most favorable credit terms to a supplier are those that would see the purchaser pay what they owe, as soon as possible. The most favorable to the purchaser are those where they can take a while to pay, and still get a good discount.
In this case, James is a supplier to the sporting goods manufacturers and so the most favorable credit terms to him would be those with the shortest number of days which is Net 30.
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a popular haberdashery could take a customer's measurements in the afternoon and produce a dandy suit ready for customer pickup by next morning. their competitive priority was:
A popular haberdashery could take a customer's measurements in the afternoon and produce a dandy suit ready for customer pickup by next morning. their competitive priority was: delivery speed.
A customer is the recipient of a terrific, provider, product or an idea - received from a supplier, supplier, or dealer through a financial transaction or change for cash or a few different treasured attention
A customer is normally defined as someone who buys an amazing, product, or carrier. extra specifically, clients are people or businesses currently purchasing, have purchased, or can be interested by purchasing a product or service from another person or corporation.
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Eugene Torres works in a shared role for Multiglass Computers. He works in both the programming and the research departments for the company and splits his time equally in both roles. Eugene is paid $12 per hour in the programming department and $16 per hour in the research department. When he works overtime in the research department, what is his pay rate? Multiple Choice $18.00 per hour $36.00 per hour $32.00 per hour $24.00 per hour
In the research section, hourly pay is $24. Thus, if he puts in more time at the research department.
How to calculate overtime pay =
Hourly rate of pay x 1.5
= $16 X 1.5 equals
= $24 per hour.
The amount of additional time owed to each employee during a pay period is what is known as overtime compensation.
The research division compiles and analyses consumer and target market data. The work of the creative department and account management is supported by this data. The selection and placement of advertisements in print and broadcast media is a specialty of media planners.
It is frequently both efficient and successful for a firm to seek the services of independent marketing facilitators because marketing functions need a great deal of experience. These are businesses and consultants whose sole or main duty is to handle marketing-related tasks.
All or a portion of these tasks are internal in many larger businesses. However, most businesses only need occasional or part-time assistance from marketing facilitators, thus this is neither required nor justifiable.
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Isaiah, who is single, received $52,000 of qualified business income from a partnership. Isaiah's taxable income prior to the calculation of the QBI deduction is $50,000. This amount includes: $5,000 in long-term capital gains. $450 in qualified dividends. How much is Isaiah's QBI deduction?
Isiah's QBI deduction, based on the qualified business income, the taxable income and the long - term capital gains, is $8, 910.
How to find the QBI deduction?The qualified business income deduction is 20% of the amount that a person has from their income before the QBI deduction is calculated, over their long term capital gains and qualified divided.
In other words, the qualified business income deduction for Isaiah can be found by the formula:
= (Income before QBI deduction - long term capital gain - qualified dividend) x 20%
= (50, 000 - 5, 000 - 450) x 20%
= $8, 910
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kara is a lender who is working with prospective buyer, stan. what does kara ask sam to provide to show his work history and earning information?
Kara asks sam to provide Paystub to show his work history and earning information.
It permits the lender to verify the employment indexed at the applicant's mortgage application. Numerous parties have a function in finishing parts of the verification of employment form.
A mortgage Estimate is a three-web page form that you receive after making use of a mortgage. The Loan Estimate tells you vital details about the mortgage you have requested. The lender must offer you a mortgage Estimate within 3 enterprise days of receiving your utility.
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Which of the following is an example of time series data
The following is an example of time series data b.amount of labor employed yearly in a specific factory from 1990 through 2010.
The required details about time series data is mentioned in below paragraph.
A time series data is a group of observations of well-described statistics objects acquired via repeated measurements over time. For example, measuring the fee of retail income every month of the year might contain a time collection. time series data is statistics this is recorded over regular periods of time. Cross-sectional statistics includes numerous variables recorded on the identical time. Pooled statistics is a mixture of each time collection statistics and cross-sectional statistics.A time series data is a collection of observations on a unmarried entity over time — e.g. the every day ultimate fees over 12 months for a unmarried monetary security, or a unmarried affected person's coronary heart charge measured each minute over a one-hour procedure.
(COMPLETE QUESTION)
Which of the following is an example of a time-series data set?
a. amount of labor employed in each factory in the U.S. in 2010.
b. amount of labor employed yearly in a specific factory from 1990 through 2010.
c. average amount of labor employed at specific times of the day at a specific factory in 2010.
d. All of the above are time-series data
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EXERCISE: Conduct online research about entrepreneurs. What did you discover about these individuals?
Some links to get you started:
Entrepreneurs are those persons who start their own businesses with their own money or capital by taking all financial risks.
Who is an entrepreneur?entrepreneurs are those persons who initiate their own businesses from scratch.A person who organizes and operates one or more companies, thereby taking an above-average financial risk.The one who starts a new business takes most of the risks and enjoys the most rewards. The process of starting a business is known as entrepreneurship. Those are generally seen as innovators, sources of new ideas, products, services, and businesses/processes.qualities of entrepreneurs are as follows:
innovativepassionatedecision-makerrisk takerdisciplinedsharp memorydynamic vision foresightflexibilitysmartcommunication skills sharp mindto know more about entrepreneurs refer to:
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If a firm decides to eliminate a product line that produces a yearly net loss of $21000 its yearly net income
If a firm decides to eliminate a product line that produces a yearly net loss of $21000 its yearly net income A. will increase by $21,000 only if it can eliminate all of the fixed costs associated with that product line.
What happens when a company eliminates a loss-making product line?When a company eliminates a product line that has been making losses, they stand a chance to increase their net income by the amount of net losses that the product line was making.
However, they can only make this increase net income if and only if they can eliminate the fixed costs that the product line incurred because these costs would have been incurred already and would reduce net income unless eliminated.
Options for this question are:
A. will increase by $21,000 only if it can eliminate all of the fixed costs associated with that product line.B. will increase by $21,000 only if it can eliminate all of the variable costs associated with that product line.C. will automatically increase by $21,000.D. will decrease unless the firm can eliminate all of the fixed costs associated with that product line.Find out more on eliminating product lines at https://brainly.com/question/24278526
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Which of the following duties is not a permitted activity for an unlicensed personal assistant?
a. Negotiate agreements regarding commission structuring.
b. Secure documents that are public information from the courthouse and other sources available to the public.
c. Have keys made for company listings.
d. Write advertisements and promotional materials with the approval of the licensee and supervising broker.
Negotiate agreement regarding commission structuring is not a permitted activity for an unlicensed personal assistant.
An unlicensed personal assistant would be permitted to host an open house while the licensed associate is showing another listing and try to negotiate an offer complete contract forms after the licensed associate has captured the important things like price and closing date show a property to a potential buyer when the licensed associate is busy and negotiate price and terms for their offer.
Unlicensed assistants cannot do licensed activities, such as negotiating, providing advise or signing contracts.Thus, option (a) is correct.
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You need to revise your budget to meet your short-term
goal of buying a new computer. You will need to budget
$50 a month.
How will you revise your budget to meet this goal?
I could increase my discretionary spending to $365, which would allow me to spend $50 per month on my computer.
I could also reduce other expenses to compensate for the change. For example, I could replace my entertainment budget with a computer budget.
Make sure to include the following :
creating a new budget item of $50 for a computer
reducing one or more areas by $50 to account for the new budget item
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Answer:
Sample Response -
I could increase my discretionary spending to $365, which would allow me to spend $50 per month on my computer.
I could also reduce other expenses to compensate for the change. For example, I could replace my entertainment budget with a computer budget.
Explanation:
Edge 2023
Janeen looks at David, Shannon, and Consuela with a rueful smile.
"You know, this whole process hasn't been easy for me," she admits. "This business is my
baby, and it's been difficult to give up control. I started out by trying to do everything
myself, and when I saw that wasn't going to work out, I took my first baby steps."
David laughs. "Yeah, delegation hasn't been Janeen's strong suit, but we've come a long
way."
Consider the statements below and drag them to the appropriate level of delegation, from
the lowest level of delegation at the top, to the highest at the bottom. When you are done,
click Submit?
Here's what I need you to do. (The work which is assigned and clear instructions are also given about what is to be done. There is no freedom to act independently.)
- Look into this and give me your input. Then, I'll let you know what I decide. (Some inputs are taken but the final decision is taken by the superior.)
- Look into this and let me know what you think, and we'll figure it out together. (Decision making is shared here.)
- Look into this and let me know what you decide, but make sure that I give you the go-ahead before you proceed. (Decision can also be taken by the subordinate but the final approval will be still comes from the superior.)
- Look into this and handle it as you see fit. No need to check back with me. (Complete freedom is given to decide on the course of action with waiting for approval from the superior is also there.)
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Which of the following expenses is NOT deductible when a taxpayer uses the simplified method of calculating the home-office deduction?
The simplified method of computing home office expenses limits the number of home office expenses allowed to a fixed amount regardless of the amount of business income or the size of the home office.
How do you calculate home office deductions?A business owner can calculate the home office deduction in two ways: regular and simplified. The regular method would require you to use Form 8829 to calculate your deduction, which would include figures for the area of your home and the total hours it was used for business purposes, your business income, and other business expenses.
If you itemize deductions and use the simplified method for a taxable year, you can deduct home expenses that would otherwise be deductible as itemized deductions on Form 1040 or 1040-SR, Schedule A, without reducing these expenses by the amounts allocable to the simplified method.
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Answer: Depreciation
Explanation: If a taxpayer elects to use the simplified method of determining the home-office deduction, neither depreciation nor any actual expenses other than those not related to the use of the home, may be deducted. (Business expenses not related to the taxpayer’s use of the home continue to be deductible.)
TC= Q2 + 120 Q + 400. The level of output where average cost is minimized for Hilltop Corp. is
The level of output where average cost is minimized for Hilltop Corp. is 20
How to solve for the output levelAverage cost is the production cost calculated as the product of the total cost (TC) and the total output (Q), or, mathematically, AC = TC/Q.
We have the total cost function as
TC= Q² + 120 Q + 400.
Average cost AC = TC / Q
= [tex]\frac{Q^2 + 120 Q + 400}{Q}[/tex]
dAC/dQ = 1 + 0 - 400 / Q² = 0
we would have 400 = Q²
Take the square root of the two sides
√400 = Q
20 = Q
Hence the level of output for Hilltop corp is given as 20
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