Answer:
Albert is not required to recognize any gross income because of his terminal illness.
Explanation:
There will be no such tax consequence for Albert when he cashed out the policy. This is because of the fact that he qualified for death benefit exclusion for his Life insurance policy
Answer:
The correct answer is option (A) $2,600
Explanation:
Given data;
The data given can be tabulated below for easy understanding
Pairs Flow Distance Flow distance
X-y 30 20 600
Y-Z 280 10 2800
Z-X 180 10 1800
Total flow = 600 +2800 + 1800 = 5200
To calculate the total weekly cost, we use the formula;
Total weekly cost is = Total flow * Cost of per load
= 5200 *0.5
$2,600
An agreement containing mutual promises. Workers on a building are guaranteed that their contractors will pay them at the end of each month.
<h3><u>How do bilateral contracts work?</u></h3>
A bilateral contract is a <u>legally binding arrangement</u><u> between two parties wherein each exchanges commitments to carry out and execute </u><u>one-half of a deal</u>. Because it makes both parties into what is known as an "obligor," or a person or party who is bound to another, this contract form is one of the most often utilized binding agreements.
Due to their widespread usage, sales contracts and bilateral contracts are frequently used interchangeably. An obligor has violated the bilateral agreement if they don't carry out their obligation (and of course, vice versa).
Learn more about Bilateral Contract with the help of the given link:
brainly.com/question/14892242?referrer=searchResults
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Answer: The price increase is about 6.17 percent.
Explanation:
The price elasticity of supply (PES) is the elasticity of the quantity supplied of a product to its price change. Price elasticity of supply is the ratio of the percentage change in the quantity supplied of a good or service to the percentage change in price.
The Price Elasticity of Supply is positive as a result of the law of supply that states that there's a direct relationship between the quantity supplied and price i.e. a price increase leads to an increase in quantity supplied and vice versa.
To solve the question,
PES = 0.6
% change in quantity supplied = 3.7
% change in price = Unknown
Let percentage change in price be denoted by b.
PES = % change in quantity demanded / % change in price
0.6 = 3.7 / b
Cross multiplying,
b = 3.7 / 0.6
b = 6.17
Recall that b is the percentage change on price.
Therefore, the percentage change in price is 6.17.
277777.777778 is the answer
