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3 years ago

14

True or False: When fish are caught under common property rights, the market price of fish can send misleading information to de

manders and suppliers about the opportunity cost of fish consumption. TrueFalse

1 answer:

alexandr402 [8]3 years ago

3 0

The answer is true because it is common property making it everyone's problem

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Susan participates in a Section 403(b) plan at work that includes loan provisions. Susan has recently enrolled in college and ha

stiks02 [169]

Answer:

Susan qualifies for the loan under section 403(b) plan at work. However, this loan should be well negotiated as regards repayment of the interest elements and the principal.

Explanation:

When a loan is taken up, one has invariably taken up the pledge to repay the Principal component and the Interest element. At the point of funding the loan, a good and favorable interest rate should be well negotiated. As an active employee, the repayment is taken from the monthly pay, after the deduction of statutory tax payment.

It must be advised that Susan should pursue the intention of applying for the loan with utmost faithfulness, as a deviation from this will be frowned upon. Such loan are not to be invested and/or diverted for other purposes.

Susan should properly understand the attending obligation before her - the repayment of principal and interest within the agreed period of time. A default is not advised as this comes with a penalties. The entirety of the loan may be treated as an income, and subsequently taxed in same breath. Plus other penalties.

8 0

4 years ago

Which of the following is true of good salespeople?

gulaghasi [49]

Answer:

Option 2 is the best option (they have tenacity but know...)

7 0

3 years ago

Read 2 more answers

Fred and Lucy are married, ages 33 and 32, and together have AGI of $120,000 in 2019. They have four dependents and file a joint

valkas [14]

Answer:

$800

Explanation:

Fred and Lucy's itemized medical expenses are:

doctor and dentist bills + hospital expenses $9,200

<u>minus reimbursements ($4,400) </u>

unreimbursed expenses $4,800

Health insurance premiums $5,000

<u>Prescribed medicines and drugs $3,000 </u>

Total medical expenses $12,800

<u>minus 10% of AGI = 10% x $120,000 ($12,000) </u>

Deductible medical expenses $800

Contribution to qualified Health Savings Accounts are deducted directly from the AGI, and should not be included as medical expenses.

5 0

3 years ago

Identify the items/accounts from the following list that are likely to serve as source documents. (You may select more than one

balu736 [363]

Answer:

Sales ticket, Telephone bill, Invoice from supplier and Bank statement

Explanation:

Source documents are used as source of information for accounting entries that can be either electronic or paper form. It is the original document which contains the details of a business transactions. It is the source to record accounting transactions. Usually it contains 'Names of the parties involved, Amounts, the date and substance of the transaction'. Simply for the auditor it serves as an evidence to accounting transactions and for the company it serves as a proof.

<u>Source documents:</u>

Sales tickets, it is the evidence to sales revenue

Telephone bill, it is the evidence to telephone expense

invoice from supplier, it is the evidence to purchases

Bank statement, it is the evidence to 'bank charges like interest expense, interest income.

7 0

3 years ago

A furniture retailer wanted to grow but not open too many new stores. The company started opening boutique hotels instead. A man

Vikentia [17]

Answer:

was thinking "outside the box" by designing a growth strategy

Explanation:

On the given scenario the business wanted to grow but not open more furniture shops.

The strategy chosen will achieve more growth while expanding into another operation line (boutique hotels).

The supply of furniture to these boutique hotels as internal decorations and as purchase from guests is an innovative way for the furniture business to grow without opening new stores.

This is an example of thinking outside the box.

5 0

3 years ago