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4 years ago

Select the correct answer.

Business

1 answer:

vladimir2022 [97]4 years ago

5 0

Answer:

The answer is B. She finds the business exciting because it relates to her interests and hobbies

Explanation:

You might be interested in

Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries,

ale4655 [162]

Answer:

I will use the 2020 tax schedule since recovery rebate credit applies to 2020:

Marc and Michelle's gross income = Marc's and Michelle's salaries + interest from corporate bonds = $64,000 + $12,000 + $500 = $76,500

they should choose the standard deduction since it is higher than their itemized deductions = ($24,400)

contribution to IRA = ($2,500)

alimony payment = ($1,500) the divorce agreement was settled on 2005

Marc and Michelle's taxable income = $48,100

Marc and Michelle's tax liability = $1,975 + [12% x ($48,100 - $19,750)] = $5,377

Interests on municipal bonds is not taxable.

The amount of taxes that they owe = $5,377 - $3,500 (federal tax withholdings) = $1,877

Refundable tax credits:

$2,000 in child tax credit

$2,900 in recovery rebate credit

total = $4,900

taxes payable or refund = tax liability - refundable tax credits = $1,877 - $4,900 = -$3,023.

Marc and Michelle should get a refund for $3,023

4 0

3 years ago

Refer to the payoff matrix at right for the profits (in $ millions) of two firms (A and B) and two pricing strategies (high

Olenka [21]

Answer: B. Both firm A and firm B choose the low price.

Explanation:

Both firm A and Firm B will choose the low price and make profits of $3 if there is no cooperation.

This is because at any other price, the other firms could go with the low strategy and get more profit.

For instance, if Firm A is using a low price and Firm B is using a high price then Firm A makes profit of $10 whilst B makes $1.

Conversely, if Firm B charges a low price and A a high price, A will make paltry profits of $1 while B would make $10.

Their best option therefore is to both pick the low price and make $3.

If they were cooperating they could both charge a high price and make $5 each.

Your question was incomplete so I attached the payoff matrix.

7 0

3 years ago

The government must mandate lower prices when beef surpluses exist; otherwise, the quantity supplied will continue to exceed the

AURORKA [14]

Answer: True

Explanation:

Beef surplus in the market simply means that there's excess of beef in the market. In this case, the quantity supplied for beef is more than the quantity that the consumers demand, which means that the price at which beef is sold is more than the equilibrium price.

Due to thus reason, the government must mandate lower prices as this will help in increasing the quantity demanded of beef, reduce quantity supplied and hence, the surplus will be curtailed.

3 0

3 years ago

You are offered a chance to buy an asset for $7,250 that is expected to produce cash flows of $750 at the end of Year 1, $1,000

Amanda [17]

Answer:

6.14%

Explanation:

The rate of return for the date given in the question for the asset shall be determined through calculating Internal rate of return on this asset, which shall be calculated as follows:

Year Cash flow Present [email protected]% Present [email protected]%

0 ($7,250) ($7,250) ($7,250)

1 $750 $714.29 $681.82

2 $1,000 $907.03 $826.45

3 $850 $734.26 $638.62

4 $6,250 $5,141.89 $4,268.83

$247.7 ($834.28)

IRR=A%+[a/(a-b)*(B%-A%)]

A%=5%, a=$247.7 B%=10% b=(834.28)

IRR=5%+[247.7/(247.7+834.28)*(10%-5%)]

IRR=6.14%

4 0

3 years ago

Agency relationships can exist outside an employer-employee relationship, and thus agency law has a broader reach than employmen

meriva

<span>True. Agency relationships can exist outside an employer-employee relationship, and thus agency law has a broader reach than employment law does.

An agency relationship is made up of a relationship between a principle and and an agent. In this relationship, the principle gives the agent </span>authority to act on their behalf when dealing with a third party. This is a legal agreement between the two.

3 0

4 years ago