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3 years ago

What are eggs, toilet paper, and candy bars example of?

2 answers:

8 0

The correct option is B. Convenience goods are those goods that are widely available and are often frequently bought with minimal efforts. Convenience goods appeal to large market, they are relatively cheap and consumers bought them with little or no planning.

Alja [10]3 years ago

8 0

Answer:

B) Convenience goods

Explanation:

I took the quiz.

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Ben and Molly are married and will file jointly. Ben generates $300,000 of qualified business income from his single-member LLC

AURORKA [14]

Answer:

A. $8,000

B. $14,400

Explanation:

A. Calculation to determine their tentative QBI based on the W-2 Wages/Capital Investment Limit

First step is to calculate the Applicable Percentage

Applicable percentage= 100%-($386,600 - $326,600)/100,000

Applicable percentage=40%

Now let Calculate the tentative QBI based on the W-2 Wages/Capital Investment Limit

GREATER OF BELOW:

Tentative QBI based on the W-2 Wages/Capital Investment Limit=50% of W-2 wages ($40,000 × 50% × 40%)

Tentative QBI based on the W-2 Wages/Capital Investment Limit=$8,000

Tentative QBI based on the W-2 Wages/Capital Investment Limit=[ W-2 wages of ($40,000 × 25% × 40%)]+ [Unadjusted basis of qualified property of ($0 × 2.5% × 40%)]

Tentative QBI based on the W-2 Wages/Capital Investment Limit=$4,000+$0

Tentative QBI based on the W-2 Wages/Capital Investment Limit=$4,000

Therefore their tentative QBI based on the W-2 Wages/Capital Investment Limit will be $8,000

2. Calculation to Determine their allowable QBI deduction for 2020

First step is to calculate the General QBI deduction

General QBI deduction [($300,000 × 20%)× 40%]

General QBI deduction=$24,000

Second step is to calculate the Reduction Ratio

Reduction ratio= ($386,600 - $326,600)/100,000

Reduction ratio=$60,000/100,000

Reduction ratio= 60%

Now let calculate the allowable QBI deduction for 2020

General QBI deduction $24,000

Less Reduction of W-2 Wages/Capital Investment Limit ($9,600)

[($24,000-$8,000)*60%]

2020 Allowable QBI deduction $14,400

($24,000-$9,600)

Therefore their allowable QBI deduction for 2020 will be $14,400

4 0

2 years ago

What account is a affected when goods are sold on credit

katovenus [111]

Answer: account receivable account

Explanation:

The accounts receivable account simply refers to an asset account on the balance sheet which represents the money that is due to a business in the short term. It should be noted that the accounts receivables are created when goods are bought on credit by the buyer.

In such case, when the goods are sold on credit to the buyer, this will lead to a debit on the account receivable account and this will bring about an increase to the company's assets.

7 0

3 years ago

Being able to ________ is a key benefit for those who study management. Multiple Choice relate to their managers and deal with o

Arlecino [84]

Answer:

relate to their managers and deal with organizations from the outside

Explanation:

When you study management, you will understand the type of strategic planning that the company could implement along with the way the manager have to enforce the plan.

By having this information, you can have better understanding on what the managers want from you and act accordingly in order to win their favor. This will benefit you greatly if you want to rise in the corporate rank.

On top of that, knowledge in management also grant you with the ability to predict the plan of your competitors' management team. You can adjust your plan to counter this plan and win the competition in the market.

7 0

3 years ago

Interpret the following statement: "An increase in the price of wheat will encourage farmers to

Maksim231197 [3]

Answer:

A. The statement is correct.

Explanation:

According to the law of supply, there is a positive or direct relationship between the price of wheat and the quantity of wheat supplied i.e if the price of wheat is increases then the quantity of wheat supplies is also increases and if the price of wheat decreases then the quantity of wheat supplies is also decreases that represents the direct relationship between the price and the quantity supplied

Hence, the first option is correct

6 0

3 years ago

Public goods represent a market failure because

JulsSmile [24]

Public goods are available everywhere and are both non-excludable and non-rivalrous
They represent a market failure because by their very nature they are nonexcludable and nonrival which makes it difficult for the private sector to supply them profitably. Answer: B
Public goods are nonrival in consumption and their benefits are nonexcludable

7 0

3 years ago