1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
deff fn [24]
3 years ago
9

Anna is 88 years old and under the legal guardianship of her daughter. one day anna receives a telephone call from a health insu

rance salesman and purchases a $400 a month medicare-gap insurance policy. what is the result
Business
1 answer:
AURORKA [14]3 years ago
7 0
The contract is void. The contract to be valid is that the parties should have a mutual understanding, in the situation above the party, Anna, is under the legal guardianship of her daughter, the party to should be involved in any transaction should be her daughter. 


You might be interested in
Yolanda (41), a freelance photographer, reports a net profit of $50,000 on Schedule C, Profit or Loss from Business. This is her
AleksandrR [38]

Answer:

the self-employment tax is $7,065

Explanation:

The computation of the self-employment tax is given below:

Given that

net profit = $50,000

Now the 92.35% of net profit is $46,175

As it is lower than $128,400

So,

= 15.3% of $46,175

= $7,065

Hence, the self-employment tax is $7,065

6 0
3 years ago
Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2019. For 2019, Kailey reported revenues of $810,000
777dan777 [17]

Answer:

correct option is b. $22,000

Explanation:

given data

reported revenues = $810,000

expenses = $630,000

annual amount of amortization  = $15,000

solution

we get here net income 2019 is

net income 2019 = revenue - expenses - amortization  ........1

put here value

net income 2019 = $810,000 - $630,000 - $15,000  

net income 2019 = $165,000

and

as here acquired stock on September

so we get here income for September to December that is

net income = $165,000 × \frac{4}{12}    

net income = $55000

and

non controlling interest is

non controlling interest = 40% of $55000

non controlling interest = $22,000

so correct option is b. $22,000

5 0
4 years ago
An income statement reports the revenues earned minus expenses incurred by a business over a period of time.
Alex

Answer:

True

Explanation:

This is an income statement. Ex: Rent expenses, salaries expense, total revenues, etc.

7 0
3 years ago
Read 2 more answers
Brown Company manufactures luggage sets. Brown sells its luggage sets to department stores. Brown expects to sel 1,700 luggage s
Svetradugi [14.3K]

Answer:

sales budget for January and February are given below

Explanation:

given data

luggage sets = 1700

sell =  $180 each

luggage sets = 2050

sell = $180

to find out

sales budget for January and February

solution

                                           Sales Budget  

                                                             January                      February  

Budgeted luggage sets to be sold 1,700                         2,050  

Sales price per unit                           180                            180  

total sales                                      306000                    369000

here sale is sold Budgeted luggage × Sales price

3 0
3 years ago
A small open economy with a fixed exchange rate e2 is initially at equilibrium A with LM*1 and equilibrium output Y1. If there i
anastassius [24]

If there is an increase in government spending, the new equilibrium will be at <u>B</u> holding everything else constant.

<h3>What is government spending?</h3>

Government spending can be the defined as the money spent on goods and service or money spent by government to provide services to the public.

An increase in government spending will tend to lead to increase the demand of goods and service which inturn means that consumption expenditure will as well increase.

Inconclusion the new equilibrium will be at <u>B</u> holding everything else constant.

Learn more about Government spending here:brainly.com/question/27232573

6 0
2 years ago
Other questions:
  • The members of a cross-functional team have an informal agreement that whenever a team member goes out of town on business, that
    12·1 answer
  • Kings or queens who held all the power within thier states' boundaries
    9·1 answer
  • !!!!
    9·1 answer
  • Accounts​ Receivable, December​ 31, 2017 $ 20,000​ (debit) Allowance for Bad​ Debts, December​ 31, 2017 prior to adjustment 600​
    13·1 answer
  • If the dollar buys fewer bananas in Guatemala than in Honduras, then traders could make a profit by a. buying bananas in Hondura
    7·2 answers
  • People who have been at the same job for a long time are considered:A. Good credit risk B. Bad credit risk
    8·1 answer
  • There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from J
    8·1 answer
  • When do shortages occur? When many people are unemployed. Whalen people have trouble supplying the goods and services at curt pr
    6·2 answers
  • The primary role of money in the economy is to
    6·2 answers
  • 1. What are some strategies that you can use to prepare to file taxes each year? What would
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!