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AysviL [449]
2 years ago
11

Benny is self-employed. he’s experienced a bit of success over the last few years and is now ready to purchase a home. he’s meet

ing with a lender later today. what can benny expect?
Business
1 answer:
vovangra [49]2 years ago
3 0

Benny is self-employed. he’s experienced a bit of success over the last few years and is now ready to purchase a home. he’s meeting with a lender later today . Benny can expect to be asked for additional documentation to verify his income.

Self-employment is the state of being able to work for yourself rather than for your employer. Tax authorities generally consider an individual to be self-employed if they choose to be recognized as self-employed or if the individual has income that is taxable.

Self-employed means doing business as a partner or owner rather than working for your employer. According to IRS guidance (page 2), a person who “trades or does business as a sole proprietorship or independent contractor” is self-employed.

Learn more about self-employed here: brainly.com/question/20750656

#SPJ4

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Shaan and Anita currently insure their cars with separate companies, paying $650 and $575 a year. If they insure both cars with
icang [17]

Answer:

$1615

Explanation:

($575 + 650) 0.10 = $122.50

Find the future value of $122.50

Future value can be calculated using a financial calculator:

$122.50 = PMT

10 = N

6% = I/Y

Press compute then FV

Fv = $1615

I hope my answer helps you

3 0
3 years ago
When a company is able to expand its operations by exporting globally, it can often achieve greater economies of scale which res
gogolik [260]

When a business is able to grow by exporting its products around the world, it can frequently attain larger economies of scale, which leads to reduced unit costs.

A company's production unit cost often goes down as it grows. This reduction is the result of economies of scale. By employing the least expensive production techniques, profits will be maximized.

Consumers' prices are lowered as a result of lower cost-per-unit, which increases their real wages overall and makes it easier for them to locate affordable goods.

Businesses from one country offer their goods and services to clients or consumers in another country through the exporting process.

When a company produces more goods at a larger scale while paying less money on average per unit of output, this is a phenomenon known as economies of scale.

Learn more about economies of scale here:

brainly.com/question/23633985

#SPJ4

8 0
1 year ago
Which of the following statements about packaging is the most accurate?
Alik [6]

The answer is: B. For most products, packaging performs only one basic function, to protect the goods inside during shipping, handling and storage. However, this is a critical function, so packaging Must be given a high priority.

I hope this helped. If so, please mark brainliest!

7 0
3 years ago
Candace sells the muffins in her bakery at a higher price than the big-box grocery but she has a steady stream of customers will
SpyIntel [72]

Answer: Customers would go elsewhere.

Explanation: Candace sells the muffins in her bakery at a higher price because she has a steady stream of customers willing to pay what she asks. She also supports local charities. This shows that there a positive association between Candace sale, her price and her support for the charity. Therefore, when she lower her price and stops her Charity contribution her sale should go down. This means that the customers will go elsewhere.

7 0
3 years ago
Read 2 more answers
A company purchased a weaving machine for $198,250. The machine has a useful life of 8 years and a residual value of $10,500. It
Crank

Answer:

the depreciation expense that should be recorded for the second year is $27,375

Explanation:

The computation of the amount of depreciation expense that should be recorded for the second year is shown below

Depreciation rate is      

= ($198,250 - $10,500) ÷ 751000    

= 0.25 per bolt    

Now Depreciation expense for the second year  

= $109,500 × .25    

= $27,375

hence, the depreciation expense that should be recorded for the second year is $27,375

4 0
3 years ago
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