She is permitted, according to the applicable tax legislation, to donate $30 000.
This is further explained below.
<h3>How much can Sue's mother give under current tax laws?</h3>
In most cases, Sue's mother is able to pay Ken the first fifteen thousand dollars and then proceed to give Sue the remaining fifteen thousand dollars. Because Sue's mother gave this to her, there will be no tax placed on it because it is considered a gift.
The act or process of passing tax laws, as well as the body of laws that allow for the levying of taxes and the administration of taxes, are together referred to as tax legislation.
Any object or document that is verifiable and that is frequently accepted as payment for goods and services as well as the repayment of obligations, such as taxes, in a given nation or socio-economic setting is considered to be money in that nation.
In conclusion, Sue's mother and father could give Ken and Sue a gift of $15,000 each, bringing the total amount of money they give to each of them to a grand total of $60,000 each.
Read more about tax laws
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Answer:
Option (b) 6.0
Explanation:
Data provided in the question:
Purchases = $960,000
Cost of goods sold = $900,000
Ending inventory = $180,000
Now,
Beginning inventory = Cost of goods available for sale - Purchases
= ( $900,000 + $180,000 ) - $960,000
= $120,000
Thus,
Average inventory = ( $120,000 + $180,000 ) ÷ 2
= $150,000
therefore,
Inventory turnover = Cost of goods sold ÷ Average inventory
= $900,000 ÷ 150,000
= 6.0
Option (b) 6.0
Answer:
variable costs of $45,500 and $33,000 of fixed costs
Explanation:
The computation of the variable cost and the fixed cost is shown below:
The fixed cost is $33,000
And, the variable cost is
= 39,000 ÷ 6,000 units × 7,000 units
= $45,500
Therefore variable costs of $45,500 and $33,000 of fixed costs
Hence, the same is to be considered and relevant
Answer: Business intelligence
Explanation:
Business intelligence is a class of analytics tools that helps an organization align its strategy with what is happening within the operation.
Business intelligence (BI) combines data tools, mining, visualization, business analytics, and infrastructure, in order to assist businesses to make more decisions that are data-driven.
Answer:
B) Abstraction forms an important part of economic analysis.
Explanation:
Economic abstraction refers to ignoring certain factors while doing economic analysis. Some minor or even important economic details must be assumed when trying to analyze certain situations. That is why economists love to use ceteris paribus (everything else constant). Macroeconomic theory is impossible to prove in a scientific way, only certain microeconomic theories can be tested scientifically. In order to perform macroeconomic analysis, economists must simplify the real world, since economy is too complex and has too many factors that can alter any possible analysis. It is impossible to analyze a nation's economy as a whole since millions of people and businesses make billions of economic decisions very day.
