People who have been at the same job for a long time are considered:A. Good credit risk B. Bad credit risk

Tim loaned a friend $4,000 to buy a used car. In the current year, Tim’s friend declares bankruptcy and the debt is considered t

julsineya [31]

Answer:

e. $3,000 short-term capital loss (STCL)

Explanation:

From the given information;

Tim may deduct only $3,000 short-term capital loss (STCL) because the loan is not business-related. SO, he can claim a maximum of $3000 in the current year and the remaining can be forwarded to ordinary income on the individual return in any one tax year.

5 0

3 years ago

Short-term, intermediate-term, and long-term goals are similar in that all represent important financial objectives to be accom

lbvjy [14]

Answer:

Though its not explicity mentioned in the question, I am assuming you want to know the correct option. The correct option in this case is option 2.

Explanation:

As stated in the question, the difference in classifying goals as either long term, short term or intermediate depends on the time frame involved.

Short term goals can be achieved in a few months generally and are set to define goals with the time horizon of a maximum of 1 year.

A long term goal, as the term suggests, is one that takes a significant amount of time. Generally, long term goals are set using a time frame of 10 years.

Given that long term goals cover a longer time period while a short term goal covers a span of 1 year, individuals many times set intermediate goals to keep them motivated. Intermediate goals therefore generally cover a time frame of 2 to 5 years.

Therefore, in the context of the question, these three types of goals can take from 1 to 10 years to accomplish

6 0

4 years ago

The discovery of a large oil deposit off a nation's shores would be what type if economic variable?

Varvara68 [4.7K]

The discovery of oil off a nation's coast would be if it wasunexpected, a surprise economic variable and a very beneficial one at that as long as it happened before the present concerns about climate change and the use of fossil fuels plus concerns over oil spills in the ocean after the Gulf of Mexico major oil spill a few years ago.

6 0

3 years ago

Read 2 more answers

14 Select the correct answer. Which marketing strategy is the most effective in the modern era? O A relationship marketing B. ma

Vlad [161]

Answer:

the modern era? A. relationship marketing B. marketing mix C. relationship … ... mix. D. considering the short-term interests of society. E. customer service. 2.

7 0

3 years ago

On January 1, 2021, Tabitha Designs purchased a patent for $384,000 giving it exclusive rights to manufacture a new type of synt

Elena L [17]

Answer:

$61,750

Explanation:

Amortization expenses per year = Purchase Cost of Patent/Useful life of the Assets

Amortization expenses per year = $384,000/8 years

Amortization expenses per year = $48,000

Net Value for Depreciation = Purchase Cost of Machine - Salvage Value

Net Value for Depreciation = $149,000 - $39,000

Net Value for Depreciation = $110,000

Depreciation per year = Net Value for Depreciation/Useful life of the Assets

Depreciation per year = $110,000 / 8 years

Depreciation per year = $13,750

The amount to expense in 2024 related to the patent and equipment should be:

Amortization expenses = $48,000

Depreciation expenses = <u>$13,750</u>

Total <u>$61,750</u>

7 0

3 years ago