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Luba_88 [7]
3 years ago
7

Interview Notes Olivia is single, 66 years old, and not blind. She paid all the cost of keeping up her home. She earned $55,000

in wages for 2019. Olivia provided all the support for her two grandchildren who lived with her all year. Cora is 11 years old and Jack is 15 years old. She does not have enough deductions to itemize. Olivia, Cora, and Jack are all U.S. citizens with valid Social Security numbers. 2. The maximum amount of child tax credit that Olivia is able to claim per qualifying child for 2019 is:

Business
1 answer:
Sergeeva-Olga [200]3 years ago
3 0

Answer:

$2000.

Explanation:

Please see attachment

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Calculator Santorino Company produces two models of a component, Model K-3 and Model P-4. The unit contribution margin for Model
Maru [420]

Answer and Explanation:

1. 5,000

2. 5,500

Working;

Machine Hour available : 4,000

Product P-4 Has higher contribution margin, so it must be produced maximum.

Maximum demand for Product P-4 = 5,500 Units

Time required by each Unit = 30 Min.

Total Hours required for 5,500 Units, 5500 / 2 = 2,750 Hours

Remaning hours will be alloted to K-3.

Each unit of K-3 require 15 Min. , So total of 4 Units in an hour.

Total units produced = 1,250 x 4 = 5,000 Units.

3 0
3 years ago
Taylor, Inc. had accounts receivable of $310,000 and an allowance for doubtful accounts of $19,500 just before writing off as wo
eimsori [14]

Answer:

Net realizable value before write off and after write off remains the same. since the write off is recorded as a debit to uncollectible account and credit to accounts receivables account. The net realizable value is  $ 290,500.

Explanation:

Net Realizable value before write off =

Accounts Receivable - Allowance for doubtful accounts

$ 310,000 - $ 19,500   = $ 290,500

The recording for the write off is

Allowance for doubtful accounts  Debit              $ 1,300

Accounts receivables                     Credit                               $ 1,300

Balances after write off are

Accounts Receivable                         $ 310,000 - $ 1,300  = $ 308,700

Allowance for doubtful accounts      $ 19.500- $ 1,300  =    <u> $   18,200</u>

Net realizable value after write off is                                      $ 290,500

There is no change in the net realizable value of receivables

7 0
3 years ago
A firm's marginal cost has a minimum value of $80, its average variable cost has a minimum value of $90, and its average total c
PilotLPTM [1.2K]

Answer:

A firm shuts down in the long run when the price of the good it is producing falls below the minimum average total cost, because in the long run the firm wont be able to make any profit. In the short run the firm only shuts down if the the price of the good falls below the minimum average variable cost because in the short run the firm has already payed the fixed costs and these costs are sunk costs so if the price of the good is more than the variable cost then they can minimize their losses. So in this case the firm has a minimum average variable cost of $90 so the firm will shut down in the short term when the price falls below $90.

Explanation:

6 0
3 years ago
Service employees at the airlines' flight cancellation desks frequently encounter travelers who get emotional about canceled or
Studentka2010 [4]

Answer:

The correct answer is the option A: listen to the customer.

Explanation:

First of all, the employee needs to listen to the customer's complain in order to identify the problem and seek for a possible solution as quickly as possible. Moreover, the importance number one is to listen because the customer may just be worry about the possible delayed flight and there might not be a damage caused, therefore just to listen and talk to the customer is more important that taking a fast action in order to resolve something that may not be a real problem.

7 0
4 years ago
A monopolistically competitive industry is characterized by a. many firms selling products that are similar but not identical. b
UNO [17]

Answer:

A monopolistically competitive industry is characterized by

a. many firms selling products that are similar but not identical.

Explanation:

A monopolistic competition is a form of imperfect competition with many firms operating in the industry.  For such an industry, the goods or services are differentiated, such that one firm's goods or services can easily be associated with the producer.  This is mostly achieved through branding and the use of trademarks.  Each firm, therefore, competes with many other competitors, but they limit their competition by differentiating their products so that consumers would have preference for one against the other, depending on their perceived value.

7 0
3 years ago
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