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Ne4ueva [31]
4 years ago
7

uppose that Sam, an economist from an AM talk radio program, and Teresa, an economist from a public television program, are argu

ing over health insurance. The following dialogue shows an excerpt from their debate:
Business
1 answer:
aivan3 [116]4 years ago
4 0

Answer:

The disagreement between these economists is most likely due to:

  • A) differences in values

Teresa believes that the government should try to improve the well being of the citizens, while Sam believes that people should only take care of themselves and that government interventions only oppress each individual's rights and liberties.

Despite their differences, with which proposition are two economists chosen at random most likely to agree?

  • C) Rent ceilings reduce the quantity and quality of available housing.

Sam dislikes any government intervention, so he probably dislikes rent ceilings also, and Teresa probably doesn't agree with rent ceilings because they do reduce the quantity and quality of available housing which ends up hurting the population.

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A sole proprietorship that began business's May 1, 2018, incurred $9000 of startup expenses. If the business elects to report th
labwork [276]

Answer:

Option (C) $178

Explanation:

Data provided in the question:

Startup expense incurred by the business = $9,000

Now,

The start-up costs and organizational expenses are deducted over a time period of 180 months

also,

$5,000 can be deducted in the first year by the startup expense.

Therefore,

Amortization amount reported as a "other expense" on Schedule C per month

= [ Startup expense - $5,000 ] ÷ 180

= [ $9,000 - $5,000 ] ÷180 = $22.22

for the year = $22.22 × Number of months left in the year from May

= $22.22 × 8

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Hence,

Option (C) $178

3 0
4 years ago
Aegis Industries Inc., is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial s
Anettt [7]

Answer:

The calculations are shown below:

Explanation:

The computation is shown below:

As we know that

Inventory turnover ratio is

= Cost of goods sold ÷ Average inventory

So

For year 2015, it is

= $1,270 ÷ $210

= 6.05 times

For year 2014, it is

= $1,560 ÷ $220

= 7.09 times

For year 2013, it is

= $2,000 ÷ $380

= 7.14 times

1-b Average days to sell inventory is computed by considering the

= Total number of days in a year ÷ inventory turnover ratio

So

For year 2015, it is

= 365 ÷ 6.05

= 60.33 days

For year 2014, it is

= 365 ÷ 7.09

= 51.48 days

For year 2013, it is

= 365 ÷ 7.14

= 51.12 days

2. As we can see that the aegis industries inc is performing better than the Snow Pack Corporation as aegis industries has 7.14 times in 2015 as compare to the 5.5 times in 2015  

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In 2019, Kelsey sustained a loss on the theft of a painting. She had paid $20,000 for the painting, but it was worth $40,000 at
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<u>Solution and Explanation:</u>

As per capital gains, painting is treated as capital asset. Hence, theft of painting is a dead loss means no tax treatment.

A capital resource might be said to incorporate such things as property, regardless of whether mobile or unflinching, fixed or flowing, or substantial or elusive. Different instances of capital resources may incorporate structures, hardware, PC gear, vehicles. In straightforward terms everything that you claim or use for individual or speculation purposes can be named as a capital resource.  

A non capital resource incorporates business property. The things which may go under non capital resource incorporates stock, stock in exchange, and some other sort of property that you hold exclusively with the end goal of offer to clients in your business or exchange. In basic terms a non capital resource is property that is certainly not a capital resource.

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4 years ago
Who is responsible for payment of self-employment tax on fees received by a professional fiduciary?
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<span>If a person is self employed, they are responsible for paying their own taxes. There are tables available on line to calculate the amounts. They should be paid no less than quarterly. If the income is significant, an account should be set up, or they should be paid more frequently. There are fees for late payments.</span>
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