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3 years ago

If a schedule c taxpayer does not bring the tax professional documentation to prove income

1 answer:

4 0

If a schedule c taxpayer does not bring the documents to prove the income, one cannot claim the Earned Income Tax Credit. Also the return cannot be prepared by the tax professional however one can make a form 1099 MISC to indicate their own income and lastly they should give other proofs that the income is accurate so that the paper for return can have the sign needed.

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What is the Porter's 5 forces model?

neonofarm [45]

Answer:

Created by a Professor Michael E. Porter, from Harvard, this model explains the various forces applied to a business.

Competition in the industry : Are there competitors in the industry? If so, are they numerous and weak or is the industry dominated by a few major players?

Potential of new entrants into the industry : What's the risk of having new competition? If you are selling a product, can you protect it with a patent for example?

Power of suppliers : Can the suppliers of what you need easily affect the prices? It's basically asking if there is competition in your suppliers' market.

Power of customers : That related to your customer base. If your customer base is large, chances are no individual will be able to force your price down. But if you are dealing with a limited number of customers, one of them might force you to lower your prices.

Threat of substitute products: Is there any comparable product/service offered at a lower cost that might bring your prices down?

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2 years ago

Regina Henry deposited $20,000 in a money market certificates that provides interest of 10% compound and quarterly if the amount

Andrews [41]

Answer:

Regina: Final amount=$62,769

Will Smith: Present value: $213,216

Explanation:

Regina:

Compound quarterly means that each quarter of the year ( every three months) she will receive a 10% interest rate of her deposit. To convert this periodic rate to an annual rate( because the problem ask you about years) you use this formula :

Annual rate= ((1+Periodic rate)^(# periods))-1

In this case the number of periods means the number of quarters a year have, which is 4

Annual rate= ((1+10%)^(4))-1= 46.41%

To find the final amount Regina has after 3 year we use this formula:

Final Capital (FC)= Initial Capital (IC)*[(1+interest(i))]^(number of periods(n))

FC= $20,000*[(1+46.41%)^3]

FC=$62,769 I attached an excel figure which shows a more detailed data.

Will Smith

Semiannually means that every 6 months Will Smith will receive a 12% interest rate of the initial investment. To convert this periodic rate to an annual rate you use the same above formula:

Annual rate= ((1+Periodic rate)^(# periods))-1

In each year Will will receive twice the interest rate over the initial investment

Annual rate = ((1+12%)^(2))-1

Annual rate= 25.44%

The present value of $80,000 from now to 5 years is calculated using the formula attached, but I used Excel. First you have to copy all the cash flows of the 5 years. Then, you set the interest rate that in this case is the one that you found above( 25.44%). Finally you use the financial formula "NPV" in this way:

"=NPV(25.44%;C4:C8)" I used C4:C8 because in those excel cells i copied the cash flows.

I got that the present value of this amount is $213,216

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3 years ago

Explain the downside of social media for sports and entertainment marketers

vivado [14]

Answer: Athletes and entertainers must be very careful to think before they tweet or post anything to other social media sites. Because of the immediacy of this type of interaction and the high visibility of celebrities, one social media post could cause a whole lot of damage. Many celebrities have found this out firsthand. Take, for example, the case of Mark Cuban, owner of the NBA Dallas Mavericks. After his team got beat, he used his Twitter account to let off some steam at the referees who apparently—he thought—made some bad calls. His public venting cost him $25,000 in fines from the NBA. When he was notified about the fine, Cuban again used Twitter to vent, posting the following tweet on his profile: “can’t say no one makes money from twitter now. the nba does.”

Explanation:

6 0

2 years ago

Ecstasy Pharmaceuticals faces fixed costs of $1 million with manufacturing its new drug. The company sells the drug in bottles o

Korvikt [17]

Answer:

The cost of producing one bottle is $10 .

Explanation:

The fixed costs of making the drug = $1 million

The selling price of the 50 pills bottles = $10

Total number of bottles sold at breakeven =200000

Total revenue from the sale of bottle = $10 × 200000

Total revenue from the sale of bottle = $2000000

Since at breakeven point the total revenue is equal to total cost. So, total cost of producing the 200000 bottles is $2000000.

Thus, the cost of producing one bottle = $2000000 / 200000 = $10

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3 years ago

_________ are variables that managers must understand since they can significantly affect the overall competitive position of a

Sphinxa [80]

Answer:

The correct answer is letter "C": Strategic Business Units.

Explanation:

Strategic Business Units or SBUs refers to individual departments within an organization that have a vision and mission of its own to help companies have an impact on the overall market segment. They have a competition analysis and marketing campaign aligned with the companies objectives.

7 0

2 years ago