Answer:
correct option is d. $450
Explanation:
given data
Tony earns = $32,000
Liz earns = $31,000
Gross income = $63,000
Tony IRA contribution = $1,000
Liz IRA contribution = $2,000
solution
as we know that IRA limit is $6500
so they will get benefit here on = $1000 + $2000 = $3000
so benefit = $3000 × 15 %
benefit = $3000 × 0.15
benefit = $450
so correct option is d. $450
That statement is true
Especially in a developed country such as the United States where most people held 9-5 jobs that make them do not have many free time on their calendar.
Most of the people use holidays as an opportunity to gather up with relatives and families.
Answer:
1. Indication of financial statement to refer to when answering questions in the following table:
Question Financial Statement
How profitable has the firm been? Income Statement
How much of the firm's earnings are Statement of Retained Earnings
left as balance after the firm pays out
dividends to its shareholders?
2. If compensation for senior management is based on short-term performance of the firm, in the short run the firm is likely to:
a. Overstate its earnings
Explanation:
Company A's Income Statement shows its profit performance at different levels. At one level is the gross profit, which shows the difference between the net sales or service revenue and the cost of sales/service. At another level is the operating income, which is the income before interest and taxes. The next important level is the net income, which is the profit after taxes. This shows the earnings available for distribution to stockholders. The Statement of Cash Flows classifies the cash flows generated into operating, investing, and financing activities, and shows the non-cash flow adjustments.
<span>The head of the advertising agency making this type of a prediction is called a hypothesis.. A hypothesis is a prediction that is based on observations and conclusions drawn from a scenario, generally by someone who has some knowledge about the subject.</span>
Answer:
Option (c) is correct.
Explanation:
Andy can produce 24 loaves of bread or 8 pounds of butter:
Opportunity cost of producing 1 pound of butter = (24 ÷ 8)
= 3 loaves of bread
John can produce 8 loaves of bread or 8 pounds of butter:
Opportunity cost of producing 1 pound of butter = (8 ÷ 8)
= 1 loaves of bread
Therefore,
John has a comparative advantage in producing butter because of lower opportunity cost.
Hence, the opportunity cost of producing 1 pound of butter is 3 loaves of bread for Andy and 1 loaves of bread for John.