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spin [16.1K]
3 years ago
13

Noor Patel has had a busy year! She decided to take a cross-country adventure. Along the way, she won a new car on the "Price Is

Right" (valued at $15,500) and won $500 on a scratch-off lottery ticket (the first time she ever played). She also signed up for a credit card to start the trip and was given a sign-up bonus of $100. How much will she have to include in her federal taxable income?
Business
1 answer:
tekilochka [14]3 years ago
4 0

Answer:

$16,100

Explanation:

The computation of the amount included in the federal taxable income is shown below:

= Winning of car price + winning amount + credit and sign up bonus

= $15,500 + $500 + $100

= $16,100

hence, the amount involved in the federal taxable income is $16,100

We simply applied the above formula so that the correct value could come

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Foster, who owns a successful business with two locations and a few international clients, was approached by a large organizatio
torisob [31]

Answer:

C) can get started more easily and maneuver faster

Explanation:

A small business (sole proprietorship, partnership, limited liability company) can maneuver much faster than any corporation simply because the owners are the managers of the business. The owners do not have to ask anyone for permission to make any decisions or decide new business activities. Also, last but not least, you are your own boss, and that is priceless.

Small businesses are also much easier to set up and do not require a lot of paperwork and authorizations to start operating.

3 0
4 years ago
A shop sells pineapple smoothies for $ 2.75 and mango smoothies $ 3.25 . On Saturday, a total of 60 cups were used to serve smoo
Ymorist [56]

Answer:

2.75x + 3.25y = 172.50 ... Equation 1

x + y = 60 ... Equation 2

Explanation:

Where x = number of pineapple smoothies and

            y = number of mango smoothies

Also given that, cost of pineapple smoothies = $ 2.75

and cost of mango smoothies = $ 3.25

The total sales made by the company is the addition of the sum made from mango smoothies and pineapple smoothies.

Total amount made from pineapple smoothies = cost of pineapple smoothies × number of pineapple smoothies sold

= 2.75 × x

= 2.75x

Total amount made from mango smoothies = cost of mango smoothies × number of mango smoothies sold

= 3.25 × y

= 3.25y

Therefore where total sales = $172.50

2.75x + 3.25y = 172.50

Also, since there were 60 cups used in all. Where a cup is used for a smoothie,

x + y = 60

Therefore the equations representative of the situation are

2.75x + 3.25y = 172.50

and

x + y = 60

8 0
4 years ago
The Internet raises the bargaining power of customers by: A. reating new opportunities for building loyal customer bases. B. mak
Stels [109]

Answer:

C. making information available to everyone.

Explanation:

The Internet raises the bargaining power of customers by making information available to everyone. The reason for this is that the bargaining power is the degree of influence customers have to force businesses to provide better products and lower price and the internet allows everyone to have access to  lot of information which helps customers to learn about features, prices, differences in products and substitutes and this helps the customers to be educated and be sensitive about the price of the products increasing the bargaining power they have.

8 0
3 years ago
The interest rate a company pays on 1-year, 5-year, and 10-year loans is a function of:.
Firlakuza [10]

A company will pay interest based on its credit rating and the length of time over repayment is scheduled to occur (1-year, 5- years, or 10 years).

<h3>How is interest decided?</h3>
  • It is based on various risks such as credit risk and maturity risk.
  • Credit risk of a company is shown in its credit rating.
  • The maturity risk increases as the length of time to repayment increases.

The interest paid will therefore be dependent on the credit rating of the company and the term of the loan that it took out as these show different types of risk.

In conclusion, option A is correct.

Find out more on maturity risk at brainly.com/question/24780094.

3 0
2 years ago
Just before each prediction comes true, macbeth realizes that it is accurate and that he cannot escape his fate. how does he cop
faltersainse [42]
He starts to slowly realize what he's done and slip into madness and depression. He starts understanding how much evil he's committed and it doesn't suit him, and it all climaxes when he discovers who the man not born of a woman is and how the forest is moving.
4 0
4 years ago
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