Based on the information given, the items that can be reflected in the account activity but that the person cannot account for include bank charges and transactions involving the use of ATMs.
From the complete information, it should be noted that there are bank charges that are charged by the banks. In this case, the account may not reflect the spending that has actually been done.
Also, there are taxes that are charged on the goods that the person bought. Therefore, this will be reflected on the account activity and will give rise to a higher value than the amount that the person actually spends.
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Answer:
False
Explanation:
A deferred annuity is a contract that guarantees a regular income or lump sum payments at a future date. It is a popular and effective way to supplement one's income in retirement days. Insurance companies mostly offer deferred annuities. The insured pays their premiums now and opts to delay in collecting their benefits until some later years. Deferred annuities are also a way of making long term savings.
Answer:
The correct answer is A that is $40,250
Explanation:
Adjusted basis is the term which is defined as it comprise of a change to the recorded at the initial cost of the security or asset. The cost of the security or asset is the initial recorded value, which is to be paid in order to acquire that security.
The exchange stated or qualify as a exchange of like kind. As no boots was transferred, therefore, the Koch basis in the new machine is the basis of the old machine. The adjusted basis of Koch in machine 2 after the exchange will amount to $40,250.
Answer:
B. The amount you spend on variable expenses changes from month to month.
Explanation:
A variable expense is an expense which is bond to fall or rise in its totality given the status of factors such as; a change in the total sales, change in the ammount of supply or production.
Hense, this ammount is bond to change from time to time.
Some examples of variable expenses include; Labor, expense of raw materials, e.t.c
The expenses which are fixed are known as fixed expenses, they do not change. Some examples are; Insurance, rent and such like expenses.
Answer:
The correct answer is E
Explanation:
Competitive advantage is the advantage which the firm or business attains when they create more value than the other firms by the strategic position of the lower costs or the greater benefits.
It focus on increasing or rising the wedge among what the customers are willing to pay and the cost or expense that the firm incurs.
So, the firm could develop the advantage through producing superior products at the lower cost, raise the willingness to pay the great deal with slight for increasing the costs and also develop the large cost savings.
