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nignag [31]
3 years ago
12

Maria runs a small business out of her home. She has expenses of $2,000 per year and uses the cash basis method of accounting. H

er only employee is her cousin who works for her part-time. What form should she use to report her business income?
Business
1 answer:
mariarad [96]3 years ago
3 0

Answer:

Maria should use Schedule C to report her business income.

Explanation:

Anyone who is running a business (as a single owner not in partnership) has to fill the Schedule C form while filling annual tax returns.

Schedule C:

It is profit or loss form of a business and tells the income as well as deductible expenses of a business for a tax year.

Note:

If someone is operating more than one business then he or she has to file a separate Schedule C  for each of business.  

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If the population growth rate is 2​ percent, real GDP per person will double in 7 years if real GDP grows by​ ______ percent per
Valentin [98]

Answer:

With a population growth of 2%, the GDP has to grow 12.6% per year in order to real GDP per person double in 7 years.

Explanation:

It is necessary to state the formula to calculate the GDP growth per person in 7 years and some assumptions. Defining as base of population and GDP the number 100 (aleatory picked) we can write our equation: GDP per person in year 7 = 100(1+x)^7/100(1+0.02)^7=2 In this equation X is the fixed percentage of GDP growth. By iteration process, we get that X=12.6%

6 0
3 years ago
Dr. Tylka is studying the way that people value relationships. For the purpose of her study, she defines an interest in relation
anygoal [31]

Answer:

Operationalization

Explanation:

Operationalization refers to the  process of defining the measurement of a phenomenon that is not directly measurable, though its existence is inferred by other phenomena. Dr. Tylka studies the way that people value relationships but she derived a subjective social variable that was based on her own personal opinion and feelings. Her opinions was inferred from her previous studies whose existence was deduced by other phenomena.

6 0
3 years ago
Crossroad chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither mar
Alex

Answer:$81

Explanation:

The options given are:

a. $76

b. $80

c. $81

d. $82

If the principal market that is, the market that the greatest volume of activity can't be identified, then the most advantageous market would be used to determine the fair value of a financial asset.

The most advantageous market is the market that has the highest net price, after transaction cost has been considered even though the transaction costs is not included into the fair value. Therefore, the second market gives the highest net price of $80 after the consideration of the transaction costs, hence, it should be utilized for fair value purposes.

The fair value amount include the transaction costs, which give $80 + $1 = $81

The fair value amount is $81.

5 0
3 years ago
Rick Corporation’s Accounts Receivable decreased by $25,000 during the year. What is the adjustment to the cash flow statement w
viva [34]

The correct answer is "Add the decrease to the net income in operating activities."

7 0
3 years ago
An article in a 2006 issue of Journal of Behavioral Decision Making reports on a study involving 47 undergraduate students in a
stich3 [128]

Answer: Yes

Explanation:

If the difference in average spending amounts between the two groups is determined to be statistically significant, it would be legitimate to draw such a conclusion.

Why?

Those who were told that it was a Tuition rebate, a reward of sorts, had spent on average, $22.04 whilst those who thought it was simply bonus income had spent significantly less at $9.55.

This means that indeed there is a CAUSE and EFFECT conclusion to be drawn between what the money was called and how much was spent because it is clear that when called a tuition rebate, more of it is spent as opposed to it being called a Bonus income.

3 0
3 years ago
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