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3 years ago

Why might you complete 1040 instead of a 1040EZ

2 answers:

6 0

Because compared to 1040EZ, 1040 is far more complex.

It's got more data/information that supposed to be filled in.
But on the bright side, it provide more chances for tax deductions if you're using it correctly.

borishaifa [10]3 years ago

4 0

You may complete a 1040 instead of a 1040EZ because a 1040 is the standard IRS form used when completing documents to file annual tax returns. A 1040EZ is used when there is a taxable income of less than $100,000 and no dependents to claim. This form is the easy “EZ” version of the full length 1040 IRS form.

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In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have

barxatty [35]

Answer:

a) An increasing number of import quotas

b) Better high-speed rail lines

c) Improvements in telecommunications

d) International trade agreements such as the General Agreement on Tariffs and Trade (GATT)

Explanation:

All of the above applies as in order to increase the international trade.

As with the increase in quotas there is a pressure to increase the imports. Further when there is easy chain of supply even in the international market that is railway facility is smooth and that the telecommunications is also easy.

Further, with increased trade agreements there is provision of reduced tariffs and taxes and accordingly the international exchange is not complicated and is rather smooth.

5 0

3 years ago

Mining Corporation purchases the business assets of Open Pit Inc., including its equipment and supplies, for an agreed-to price,

11Alexandr11 [23.1K]

Answer:

A sales.

Explanation:

The uniform commercial code (UCC) is a set of standardized business laws which are put in place for the regulation of financial contracts and commercial transactions used across different states in the United States of America.

In this scenario, Mining Corporation purchases the business assets of Open Pit Inc., including its equipment and supplies, for an agreed-to price, payable in installments. Under the UCC, this transaction is a sales.

4 0

2 years ago

The current asset section of Stibbe Pharmaceutical Company’s balance sheet included cash of $34,000 and accounts receivable of $

Alexxandr [17]

Answer:

Ending balance in inventory= $22,000

Current liabilities= $88,000

Explanation:

The current assets section of stibblr pharmaceutical company included cash of $34,000 and accounts receivables of $54,000

The company's current ratio is 2.5

The acid test ratio is 2.0

Acid test ratio = cash + account receivables /current liabilities

2.0= ($34,000+$54,000)/current liabilities

2.0= 88,000/current liabilities

Current liabilities = 88,000/2

= $44,000

Current ratio= cash + account account receivables + inventory /current liabilities

2.5= $34,000+$54,000 + inventory/$44,000

2.5= $88,000+Inventory /44,000

2.5×44,000= 88,000 + inventory

110,000= 88,000 + Inventory

Inventory = $110,000-88,000

= $22,000

Hence the current liabilities is $88,000 and inventory is $22,000

3 0

3 years ago

Several market participants interact in developed markets to organize the exchange of funds from buyers to sellers. Such institu

Sergio [31]

Answer:

1. Commercial banks

2. Life insurance companies

3. Mutual funds

Explanation:

commercial banks

The commercial bank is a financial institution that accepts deposits and offer other services such as giving loans and other basic financial services to both individuals and organisations.

Life insurance companies

The life insurance companies are financial institutions that provide lump sums otherwise known as death benefits to beneficiaries of their policy holders upon their demise, provided that premium is paid on regular basis.

Mutual fund

A Mutual Fund is an investment vehicle made up of a pool of funds collected from numerous investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual Funds are operated by professional fund managers, who invest the fund's capital and attempt to produce capital gains and income for the investors.

One of the main advantages of Mutual Funds is they give small investors access to professionally managed, diversified portfolios of equities, bonds and other securities. Each shareholder, therefore, participates proportionally in the gain or loss of the fund.

4 0

3 years ago

Seventy new jobs are opening up at an automobile manufacturing plant, and 1000 applicants show up for the 70 positions. To selec

777dan777 [17]

Answer:

As explained below, given that the score of the person is among the 0.03125 fraction of the best applicants, he can count on getting one of the jobs.

Explanation:

The hint is to use Chebyshev’s Theorem.

Chebyshev’s Theorem applies to any data set, even if it is not bell-shaped.

Chebyshev’s Theorem states that at least 1−1/k² of the data lie within k standard deviations of the mean.

For this sample you have:

mean: 60
standard deviation: 6
score: 84

The number of standard deviations that 84 is from the mean is:

k = (score - mean) / standar deviation
k = (84 - 60) / 6 = 24 / 6 = 4

Thus, the score of the person is 4 standard deviations above the mean.

How good is that?

Chebyshev’s Theorem states that at least 1−1/k² of the data lie within k standard deviations of the mean. For k = 4, that is:

1 - 1/4² = 1 - 1/16 = 0.9375

That means that half of 1 - 0.9375 are above k = 4: 0.03125

Then, 1 - 0.03125 are below k = 4: 0.96875

Since there are 70 positions and 1,000 aplicants, 70/1,000 = 0.07. The compnay should select the best 0.07 of the applicants.

Given that the score of the person is among the 0.03125 upper fraction of the applicants, this person can count of geting one of the jobs.

3 0

3 years ago