Suppose university officials felt the price of football tickets at your school are too expensive and decide to limit the price the athletic department can charge for a ticket to a single game. What will result from this decision? Select all that apply. a. The quality of facilities will decrease. b. An abundance of cheap tickets will be available online. c. A shortage of tickets will exist. d. The football team will offer more tickets to the game.
Answers
Sup-pose university officials felt the price of foot-ball tickets at your school are too expen-sive and decide to limit the price the athletic depart-ment can charge for a ticket to a single game.
The result from this deci-sion would be a. The quality of facilities will decrease. and c. A shortage of tickets will exist.
What is a shortage?A shortage is when the quan-tity demanded of a product exceeds the quan-tity supplied. This usually occurs when the price of the go-od is set below equilibrium price. When the tic-ket price is limited, the profit made per ga-me reduces. As a result, it is expec-ted that the num-ber of tickets offer-ed would dec-line. This would lead to a short-age.
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Suppose you want to buy a house that costs $425,000. You have $85,000 dollars for a down payment. The bank is offering two different mortgage options. - Option A: 20-year mortgage at 4.0\%. - Option B: 20-year mortgage at 3.5% with two points. The cost of the points will be rolled into the mortgage. Compute the monthly payments for mortgage option A. (round to the nearest cent) Compute the total cost of the home using mortgage option A. (round to the nearest dollar) Compute the monthly payments for mortgage option B. (round to the nearest cent) Compute the total cost of the home using mortgage option B. (round to the nearest dollar) Assuming all other factors are the same, which mortgage option should you choose? Option A Option B There is no difference between the options There is not enough information to say
Answers
The cost of the house = $425,000 ,Down payment = $85,000 ,Mortgage Options:Option A: 20-year mortgage at 4.0%.Option B: 20-year mortgage at 3.5% with two points.Calculation of Mortgage option A:To calculate the monthly payment, we can use the formula;
PMT = (PV × r) / [1 − (1 + r)−n]
Here, PV = Present value or loan amount
= $340,000 (425,000 − 85,000)
R = Rate of interest per month
= 4 / 12%
= 0.33%
N = Number of monthly payments
= 20 × 12
= 240
Now substitute the values in the formula and calculate the monthly payment:
PMT = (340000 × 0.33%) / [1 − (1 + 0.33%)−240]
≈ $2,099.03Therefore, the monthly payment for mortgage option A is $2,099.03.
Calculation of total cost of the home using mortgage option A:The total cost of the home is the sum of down payment and total payments over the life of the loan. The total payments can be calculated by multiplying the monthly payment by the total number of payments.
n = 20 × 12 = 240 (total number of payments)
Total Payments = PMT × n
= 2,099.03 × 240
≈ $503,765.20
Therefore, the total cost of the home using mortgage option A is $503,765.20.
Calculation of Mortgage option B:For mortgage option B, the rate of interest is 3.5% and 2 points.
Point is an upfront payment made to reduce the interest rate. Each point equals 1% of the loan amount. In this case, 2 points cost 2% of the loan amount.
Let P be the cost of 2 points in dollars.P = 2% × 340000= $6,800
Total loan amount = $340,000 + $6,800 = $346,800
Now, the rate of interest for mortgage option B = 3.5%Monthly rate of interest = 3.5 / 12 = 0.292%
Now use the same formula as in option A and calculate the monthly payment:
PMT = (346800 × 0.292%) / [1 − (1 + 0.292%)−240]
≈ $1,951.61
Therefore, the monthly payment for mortgage option B is $1,951.61.
Calculation of total cost of the home using mortgage option B:The total payments can be calculated by multiplying the monthly payment by the total number of payments.
n = 20 × 12 = 240 (total number of payments)Total Payments
= PMT × n
= 1,951.61 × 240
= $468,387.92
Now add the down payment to the total payments to get the total cost of the home.
Total Cost of Home = Down Payment + Total Payments
= $85,000 + $468,387.92
= $553,387.92
Therefore, the total cost of the home using mortgage option B is $553,387.92.Comparing the two options:
Total Cost of the Home using Mortgage Option A = $503,765.20
Total Cost of the Home using Mortgage Option B = $553,387.92
Option A: 20-year mortgage at 4.0% with monthly payment of $2,099.03
Option B: 20-year mortgage at 3.5% with 2 points with monthly payment of $1,951.61
Based on the above calculations, it is clear that option B is the better choice. Therefore, the correct option is Option B.
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Select all that apply.
______ are examples of personal values.
A. Recognition
B. Relationships
C. Enthusiasm
D. Courage
Answers
B,c&d
Answer:
Relationships
Enthusiasm
Courage
what is a business strategy?
Answers
1. Bounding the Tail of a Distribution A community has an average age of 45 years with a standard deviation of 5 years. In each part below, fill in the blank with a percent that makes the statement true without further assumptions, and explain your answer. Note: No credit will be given for loose bounds such as "at least 0%" or "at most 100%". Give the best answer that is possible with the information given. Question 1.1. At least % of the people are between 25 and 65 years old. (6 Points) Type your answer here, replacing this text. Question 1.2. At most ___% of the people have ages that are not in the range 25 years to 65 years. (6 Points) Type your answer here, replacing this text. Question 1.3. At most % of the people are more than 65 years old. (6 Points) Hint: If you're stuck, try thinking about what the distribution may look like in this case. Type your answer here, replacing this text.
Answers
The answer to Question 1.1 is: At least 95% of the people are between 25 and 65 years old.
The answer to Question 1.2 is: At most 5% of the people have ages that are not in the range of 25 years to 65 years.
The answer to Question 1.3 is: At most 0.003% of the people are more than 65 years old.
Given that the average age is 45 years with a standard deviation of 5 years, we can calculate the range within two standard deviations of the mean as follows:
Lower bound: 45 - (2 * 5) = 35 years
Upper bound: 45 + (2 * 5) = 55 years
This means that at least 95% of the people are between 25 and 65 years old.
Therefore, the answer to Question 1.1 is: At least 95% of the people are between 25 and 65 years old.
Question 1.2: At most ____% of the people have ages that are not in the range of 25 years to 65 years.
If we consider the complement of the previous answer, where 95% of the people are between 25 and 65 years old, the remaining percentage outside this range would be:
100% - 95% = 5%
Therefore, the answer to Question 1.2 is: At most 5% of the people have ages that are not in the range of 25 years to 65 years.
Question 1.3: At most ____% of the people are more than 65 years old.
To find the percentage of people who are more than 65 years old, we need to consider the upper tail of the distribution. Since we know the standard deviation is 5 years, and we want to find the percentage above 65 years, we can calculate the z-score using the formula:
Z = (X - μ) / σ
Z = (65 - 45) / 5 = 4
Looking up the corresponding z-score of 4 in a standard normal distribution table, we find that the area under the curve beyond 4 standard deviations is approximately 0.00003, which is equivalent to 0.003%.
Therefore, the answer to Question 1.3 is: At most 0.003% of the people are more than 65 years old.
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Metro, Inc. Sells backpacks. The Company's accountant is preparing the purchases budget for the first quarter operations. Metro maintains ending inventory at 20% of the following month's expected cost of goods sold. Expected cost of goods sold for April is $70,000. All purchases are made on account with 25% of accounts paid in the month of purchase and the remaining 75% paid in the month following the month of purchase. Sales January February March Budgeted cost of goods sold $ 40,000 $ 50,000 $ 60,000 Plus: Desired ending inventory 10,000 Inventory needed 50,000 Less: Beginning inventory (8,000 ) Required purchases $ 42,000 Based on this information the total cash paid in March to settle accounts payable is
Answers
The total cash paid in March to settle accounts payable is $10,500 + $11,250 = $21,750.
To calculate the total cash paid in March to settle accounts payable, we need to consider the purchases made in February and March.
In February, the purchases were $42,000 * 25% = $10,500. This amount is paid in the month of purchase, so there is no outstanding payment for February purchases in March.
In March, the purchases were $60,000 * 25% = $15,000. Since 75% of accounts are paid in the month following the month of purchase, we need to calculate 75% of March purchases that are paid in March. 75% of $15,000 = $11,250.,the total cash paid in March to settle accounts payable is $10,500 + $11,250 = $21,750.
The purchases budget is prepared to estimate the amount of inventory that needs to be purchased during a specific period. It takes into account the expected cost of goods sold and the desired ending inventory. In this case, the expected cost of goods sold for April is given as $70,000. By subtracting the beginning inventory and adding the desired ending inventory, the required purchases for the first quarter are calculated.
The payment terms for the purchases are also considered in the budget. It is stated that 25% of accounts are paid in the month of purchase and the remaining 75% is paid in the following month. This means that a portion of the purchases made in February is paid in February itself, while the remaining portion is paid in March. Similarly, a portion of the purchases made in March is paid in March.
To determine the total cash paid in March to settle accounts payable, we need to calculate the amount of purchases that are paid in March. This includes the 25% of March purchases that are paid in March itself and the outstanding payment for the remaining 75% of February purchases. By adding these two amounts, we can find the total cash paid in March. In this case, the total cash paid in March to settle accounts payable is $21,750.
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What is true about expense ratios for fees charged to manage mutual fund accounts?
Answers
Answer:
A lower percentage ratio indicates more money has been invested to make money for the customer
Explanation:
Lehigh Valley Transit Inc. (LVT) has signed a contract to purchase light rail cars from Alstom, a French rail car manufacturer, for €15,000,000. The purchase order was placed in November 2020 with payment due six months later in May 2021. The fact that this is a sizable contract for LVT and because the payable is denominated in euros, rather than dollars, LVT is considering several hedging alternatives to reduce the exchange rate risk arising from the sale. To help the firm make a hedging decision you have gathered the following information.
∙ The spot exchange rate today is: $1.2000 per €1
∙ The six month forward rate is: $1.1800 per €1
∙ The Euro zone 6-month borrowing rate is 9% p.a. (or 4.5% for 6 months)
∙ The Euro zone 6-month lending rate is 7% p.a. (or 3.5% for 6 months)
∙ The U.S. 6-month borrowing rate is 8% p.a. (or 4% for 6 months)
∙ The U.S. 6-month lending rate is 6% p.a. (or 3% for 6 months)
∙ May 2021 call options for €15,000,000; strike price $1.2000, premium is 1.5%
∙ LVT's forecast for the spot rate in 6 months is: $1.1700 per €1
∙ The budget rate, or the highest acceptable purchase price for this project, is $18,600,000 or $1.2400 per €1
If LVT chooses NOT to hedge their euro payable, what is the USD amount that they will need to pay in six months?
Answers
If LVT chooses not to hedge their euro payable, they will need to pay $17,550,000 in six months.
If LVT chooses not to hedge their euro payable, they would need to pay the amount in USD based on the spot exchange rate in six months.
The spot exchange rate today is $1.2000 per €1, and LVT's forecast for the spot rate in six months is $1.1700 per €1. Therefore, the USD amount that LVT will need to pay in six months, without hedging, can be calculated as follows:
USD Amount = €15,000,000 * $1.1700 per €1
= $17,550,000.
Thus, if LVT chooses not to hedge their euro payable, they will need to pay $17,550,000 in six months.
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who is the father of accounting
Answers
Answer:
Luca PacioliExplanation:
He first described the system of double-entry bookkeepingn 1494
Answer:
Luca Pacioli is regarded as the Father of Accounting.
Explanation:
Which describes the positions on a horizontal number line?
All points to the left of one are positive when one is negative.
All points to the right of one are positive when one is negative.
All points to the left of zero are negative.
All points to the right of zero are negative.
Answers
Answer:
C
Explanation:
cause
Which promotional tool can be more effective when you are selling a complex product?
A. advertising
B. sales promotion
C. personal selling
D. public relations
Answers
Answer:
Personal selling
Explanation:
Personal selling is more flexible than other promotional tools such as advertising and sales promotion.
a firm's demand curve for labor is: group of answer choices the upward-sloping portion of its value of the marginal product curve. horizontal for the firm in perfect competition. the downward-sloping portion of its marginal product curve. the downward-sloping portion of its value of the marginal product curve.
Answers
a firm's demand curve for labor is the downward-sloping portion of its marginal product curve, option C
Demand curveIt is the graphical representation of the relationship between the price of a certain good or service and the level or amount of demand that consumers experience on it. This process analyzes the effect of prices in the market based on the law of demand, where the slope is negative.
This implies that the curve goes down, because there is an inverse relationship between price and demand: the higher the demand for a product, the lower the price.
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The length of a square was increased by 8 in., and its width was decreased by 4 in. What were the original dimensions if the area remained unchanged.
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If the length of a square was increased by 8 inches and its width was decreased by 4 inches, resulting in an unchanged area, the original dimensions of the square were 8 inches by 8 inches.
Let's denote the original length and width of the square as "x". The area of a square is calculated by multiplying its length by its width, so the original area is x * x = x^2.
After the modifications, the new length becomes (x + 8) inches, and the new width becomes (x - 4) inches. The area of the modified square is (x + 8) * (x - 4).
Since the area remains unchanged, we can set up the equation x^2 = (x + 8) * (x - 4) and solve for x.
Expanding the right side of the equation gives x^2 = x^2 + 4x - 32.
Combining like terms and simplifying, we get 4x = 32.
Dividing both sides by 4 gives x = 8.
Therefore, the original dimensions of the square were 8 inches by 8 inches.
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Describe the key actions, traits, and behaviors of the person that you’ve experienced as your best leader. Identify him/her specifically.
Answers
My best leader was Jane Adams, who exemplified exceptional leadership through her actions, traits, and behaviors.
What qualities and behaviors made Jane Adams an exceptional leader?Jane Adams displayed several key actions, traits, and behaviors that made her an outstanding leader. She possessed excellent communication skills, actively listened to her team members, and encouraged open dialogue.
Jane was approachable, empathetic, and genuinely cared about the well-being of her team.
She fostered a positive and inclusive work environment, promoting collaboration and empowering her team members to contribute their ideas and talents.
Jane demonstrated strong decision-making abilities, considering multiple perspectives and seeking consensus when appropriate.
She also displayed integrity, leading by example and holding herself and others accountable for their actions.
Jane's ability to inspire and motivate her team was remarkable. She set clear goals and expectations, providing guidance and support to help her team members succeed.
Her leadership style encouraged personal and professional growth, and she recognized and celebrated individual and team achievements.
Jane was a visionary leader, always seeking innovative solutions and pushing boundaries to drive organizational success.
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8) If scrap is returned to the company's storeroom and inventoried, it should NOT have any value in the accounting records.
a.true
b.false
Answers
b. false
Scrap returned to the company's storeroom and inventoried may still have some value in the accounting records. The value of scrap can be recorded as a potential source of revenue or as a reduction in expenses, depending on the accounting treatment chosen by the company.
The company is a dynamic organization operating in a competitive market. With a workforce of dedicated employees, it strives to deliver high-quality products and services to its customers. Innovation and adaptability are key pillars of its success, as it constantly seeks ways to improve and stay ahead of the competition. The company maintains a strong focus on customer satisfaction, aiming to build long-lasting relationships and meet their evolving needs. Through effective management and strategic decision-making, it aims to achieve sustainable growth and maximize shareholder value. With a solid reputation and a commitment to ethical practices, the company aims to be a responsible corporate citizen.
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What is the purpose of a design brief?
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what type of factors result in a leadership behavior that has been effective in the past no longer working in a new situation? quixlet
Answers
Various factors can result in a previously effective leadership behavior becoming ineffective in a new situation. Some key factors include Changing environment, Diverse workforce, Evolving goals and priorities, Increased complexity, New or different competition, and Employee expectations.
A diverse workforce: A new team or workforce may have different backgrounds, experiences, and values, which could require adjustments in leadership styles.
Evolving goals and priorities: Changes in organizational goals or priorities can necessitate a shift in leadership behaviors.
Increased complexity: As organizations grow or enter new markets, the complexity of decision-making and problem-solving may increase, requiring leaders to adapt their behaviors to manage these complexities effectively.
New or different competition: Emerging competitors or shifts in the competitive landscape can require a change in leadership behaviors to stay ahead of rivals and maintain a competitive edge.
Employee expectations: Employee expectations and preferences regarding leadership styles may evolve over time or vary across generations, necessitating adjustments in leadership behaviors to meet these expectations and maintain employee engagement.
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if 20 units of the end item are to be assembled, how many additional units of e are needed? (hint: you don't need to develop an mrp plan to determine this.)
Answers
When 20 units of the end item are to be assembled, the additional units that are needed is 138 units.
What is MRP?Material requirements planning (MRP) is a tool for inventory and purchase planning that determines the amount of dependent demand items such as raw materials, components, and subassemblies required to make a finished commodity in accordance with its demand-driven production schedule.
E depends on the B, C & D and B, C & D depends on End Item.
To assemble the 20 units of End Item.
Net Requirement of B = 20*2 - 10 (On Hand) = 40 - 10 = 30 units
Net Requirement of C = 20*1 - 10 = 20 - 10 = 10 units
Net Requirement of D = 20*3 - 25 = 60 - 25 = 35 units
Now,
Net Requirement of E = B*2 + C*2 + D*2 - On Hand
Net Requirement of E = 30*2 + 10*2 + 35*2 - 12
Net Requirement of E = 60 + 20 + 70 - 12 = 138 units
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If you were starting a new business, describe at least three departments to the company that you would need right away. Why are these departments so important? (1-5 sentences. 3.0 points)
Answers
Answer:
I would need a computer and then a laptop to work fast as I can and that will make me get more money
Answer:
f I were to start a new business, the three departments that I would need right away are the production department, a sales and marketing department, and a finance department. A production department would be necessary as I would require a product or service to offer the market. A sales and marketing department would also be necessary, because I would need to sell this products in order to make money. A finance department would be necessary to manage the financial resources of the company.
Explanation:
How do you calculate the profit margin for a business?
Answers
Answer:
by dividing your net income by your revenue (net sales)
then multiply your answer by 100
(ni/r)×100
The formula for calculating profit margin is:
( Total Revenue - Total Expenses ) / Total Revenue.
Which of the following ad copy examples is compliant with Amazon Advertising’s guidelines and acceptance policies for pricing and savings?
Get 100 free coffee capsules today!
Get 100 free coffee capsules today with purchase of 50 coffee capsules
Get 100 free coffee capsules when you purchase a Kitchen Smart coffee machine at Amazon.com.**Offer available from 03/25/20 to 09/25/20. Offer not valid on Kitchen Smart Basic range.
None of these are compliant
Answers
The ad copy example that is compliant with Amazon Advertising's guidelines and acceptance policies for pricing and savings is: "Get 100 free coffee capsules when you purchase a Kitchen Smart coffee machine at Amazon.com.
**Offer available from 03/25/20 to 09/25/20. Offer not valid on Kitchen Smart Basic range."This ad copy clearly states the terms and conditions of the promotion, including the requirement of purchasing a specific product to qualify for the free coffee capsules, the duration of the offer, and any exclusions that may apply. This complies with Amazon's guidelines, which require that advertisers provide clear and accurate information about pricing and savings offers.The other two ad copy examples are not compliant with Amazon's guidelines as they do not provide sufficient information about the offer. The first example does not specify any requirements or conditions for obtaining the free coffee capsules, while the second example only requires the purchase of 50 coffee capsules without mentioning the offer of 100 free capsules.
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what were the economic institutions of ancient china?
Answers
The economic institutions of ancient China were based on a system of agriculture and trade. This system was based on the principles of Confucianism, which emphasized the importance of family, education, and social order.
What is emphasized ?Emphasis is the act of giving special attention or importance to something. It can be done through the use of language, body language, or other means. Emphasis can be used to draw attention to a particular point or idea, highlight the importance of a particular topic, or create an emotional response.
In addition to agriculture and trade, there were other economic activities in ancient China such as mining, manufacturing, and fishing. The government also set up guilds to regulate certain industries such as metalworking or shipbuilding. These guilds provided training for workers and set standards for quality control.
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Who decides what goods and services should be produced and how those goods are to be produced in a command economy?.
Answers
Answer:
america
Explanation:
D. government officials.
In general, an inverse relationship exists between:
a
b
human capital and income
education and unemployment
supply and price
education and earnings
d
Answers
Answer:
Explanation:
B
In general, it can be said that there exists an inverse relationship between the factors like education and unemployment in a society. Therefore, the option B holds true.
What is the significance of education and unemployment?The rate of education can be referred to as a proportion in which the total population of any given region gets educated. Unemployment rate refers to as the total population in any given region who do not have any employment or earning.
When the rate of education increases, the rate of unemployment decreases and vice versa. Thus, it can easily be concluded that there is an existence of inverse relationship between the rates of education and unemployment.
Therefore, the option B holds true and states regarding the inverse relationship between education and employment.
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which of the following statements is consistent with data shown in the bar graph? responses men are more likely than women to believe that there should be an increase in government spending to provide social services for the elderly. men are more likely than women to believe that there should be an increase in government spending to provide social services for the elderly. conservatives are more likely than liberals to believe that spending on public transportation should be increased to connect citizens to employment opportunities. conservatives are more likely than liberals to believe that spending on public transportation should be increased to connect citizens to employment opportunities. republicans are more likely than democrats to believe that there should be fewer regulations on businesses to promote economic growth and increase wages. republicans are more likely than democrats to believe that there should be fewer regulations on businesses to promote economic growth and increase wages. those with higher incomes are more likely than those with lower incomes to believe that education spending should be a federal responsibility to guarantee that each citizen has an equal chance at success.
Answers
Conservatives are more likely than liberals to believe in increasing government spending on public transportation to connect citizens to employment opportunities, according to the bar graph data.
An externality happens when an individual's or firm's activities have an unintended negative impact on the well-being of a third party. A negative externality occurs when the effect is unfavourable. In the graph, the social cost of creating the product is greater than the private cost, resulting in a larger amount created than the socially optimum quantity.
The doubling of runways at the local airport creates a bad externality in the shape of noise pollution, and Edison's noisy avian has a similar impact. However, neither Brian's plants nor the device manufacturer's novel technology produces externalities. Markets may fail to account for externalities in the absence of government action, resulting in wasteful results.
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The function f(x) = 2,000(1 + )12t models the balance in a savings account.
The savings account had an initial balance of _ and compounds
_ at an interest rate of _
Answers
Answer:
In the exponential function f(x) = P(1 + )nt :
P = principal value
r = the annual interest rate
n = number of compounding periods in a year
t = time in years
For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.
Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.
Explanation:
Explanation from PLATO
No sheriff, royal official, or other person shall take horses or carts for transport from any free man, without his consent.
-magna carta, 1215
which principle of the government is reflected in this excerpt?
o power is shared between the national and local governments.
o government power is divided among several branches.
o power is granted by the consent of the governed.
o government is subject to the rule of law.
Answers
The principle of the government reflected in this excerpt is that power is granted by the consent of the governed. Option C.
This means that individuals have the right to make decisions about their property and possessions, and the government cannot take them without their permission.
This concept is a fundamental aspect of democracy and individual liberty. The Magna Carta, which this excerpt is from, is considered a key document in the development of constitutional law and the protection of individual rights.
What is the Magna Carta in simple terms?
Magna Carta was written by a group of 13th-century barons to protect their rights and property against a tyrannical king. It is concerned with many practical matters and specific grievances relevant to the feudal system under which they lived.
Hence, the right answer is option C. Power is granted by the consent of the governed.
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does doja cat deserve her fame? what do you think?
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An and Bo are partnership together. They buy and renovate properties which they then rent out or sell to other people.
The business has been going for six years and is profitable. They want to expand the business to offer a maintenance And repairs service to both the private sector and public sector.
However, the partners do not have the capital needed for this expansion.
Bo’s sister, Jiao, has said that she is prepared to invest in the business in return for a share in the profits.
An and Bo are also considering changing the legal structure to a private limited company.
a. Identify two features of public sector organizations.
b. Identify two advantages and two disadvantages to An and Bo of being a partnership.
c. Explain two benefits to An and Bo of expanding their businesses.
d. Do you think the partners should become a private limited company? Justify your answer.
Answers
Together, An and Bo form a partnership. They invest in real estate and then refurbish it before renting or selling it to others. Following is the required information.
Give a brief account on partnership.a. Two features of public sector organizations.
Government funding: The public authority provides funding for public projects. They either belong to the public authority, which has claimed them, or the public authority owns a bigger portion of them. In some attempts, private ventures are also permitted, but the public authority, in a sense, performs the dominant role.Government Management: The public authority is in charge of regulating public enterprises. The government has occasionally started businesses in its own areas of expertise. In many situations, the government selects someone to handle the endeavors. In fact, the public authority divisions directly and implicitly bind even independent bodies.b. Two advantages of being in a partnership :
Bridging the Knowledge and Expertise Gap: By collaborating with someone, you may have access to a greater breadth of knowledge and expertise for many aspects of your organization. A solid partner might also contribute expertise and experience that you might be lacking, as well as complementing abilities that will aid in business expansion.More Money: A potential partner may inject additional funds into the company. The other individual might be more connected strategically than you are. This could assist your business in luring in new investors and raising further funds to expand. The correct company partner could also improve your capacity to obtain financing for business expansion.Two disadvantages of being in a partnership :
Liabilities: A partnership involves shared business losses and responsibilities for all business related debts, even if they incurred by the other partner. These obligations are in addition to sharing revenues and assets. Your assets and personal money may suffer as a result. In essence, you might be held accountable for choices your partner takes regarding the company. This may be one of the most important things to take into account while weighing the benefits and drawbacks of a partnership.Loss of Autonomy: Although you probably like having complete control over your company, under a partnership, you would now share that control with a partner and make crucial choices together.c. Two benefits to An and Bo of expanding their businesses :
capable of increasing sales and profitability.can access new markets or customers.d. The partners shouldn't form a private limited business since partnerships have more benefits than private limited companies, including easier establishment and reduced costs.
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A cash-basis taxpayer made a bona fide, nonbusiness loan to an acquaintance in year 1. At the end of year 2, it is determined that the taxpayer will likely be able to collect only 20% of the principal, and no interest has been or will be collected. How should the loss be treated for tax purposes in year 2
Answers
Answer:
None of the loss amount in year 2 will be deductible
Explanation:
Based on the information given How the loss will be treated for tax purposes in year 2 is that the LOSS amount will NOT be deductible in Year 2 reason been that tax payer can only collect the deduction in bad debt in the year the bad debt has no real value and become un-useful.
Secondly the tax payer should not wait till the debt is due before knowing whether the bad debt has no real value reason been that bad debt will has no real value when there is no hope that the debt amount that is owed will be paid which is why to a limited extent a non business bad debt that has no real value will not be deductible.
Therefore How the loss will be treated for tax purposes in year 2 is that None of the loss amount in year 2 will be deductible
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