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WARRIOR [948]
3 years ago
5

Tonya had the following items for last year: Salary $40,000 Short-term capital gain 12,000 Nonbusiness bad debt (23,000) Long-te

rm capital gain 8,000 For the current year, Tonya had the following items: Salary $45,000 Long-term capital gain 5,000 Determine Tonya's adjusted gross income for the current year. A. $43,000 B. $45,000 C. $48,000 D. $50,000 E. $53,000
Business
1 answer:
bekas [8.4K]3 years ago
6 0

Answer:

D) $50,000

Explanation:

Tonya's adjusted gross income = salary + long term capital gains = $45,000 + $5,000 = $50,000

Non-business bad debt is unrelated to the person's business, and must be totally worthless in order to be deducted. In this case, Tonya deducted the non-business bad debt last year, so it doesn't affect this year's AGI.

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A key characteristic of a successful entrepreneur is:
avanturin [10]

Answer:

C) Learning to fail intelligently

Explanation:

Economics recognizes four factors of production, the first three are land, labor and capital:

  1. land: includes any raw materials and natural resources used to produce other goods
  2. labor: human work involved in the production process.
  3. capital: physical tools and equipment involved in the production process

The fourth and probably most important factor is entrepreneurship. An entrepreneur is the person that combines all the other 3 factors of production into a business. Entrepreneurs take the risk of setting up their own business and many times are great innovators that are able to recognize opportunities and take them.

But doing business is not easy and being an entrepreneur is even harder. No matter how much positive energy and great ideas an entrepreneur has, there is chance that he will fail several times. Creative processes are not linear, they work on a trial and error basis and sometimes that also applies to running a new business. But as the great Micheal Jordan said," the important thing is not how many times you fall, but how many times you stand up."

high energy level

6 0
3 years ago
Lisah, Inc., manufactures golf clubs in three models. For the year, the Big Bart line has a net loss of $5,000 from sales $201,0
mel-nik [20]

Solution:

Differential Analysis:      

                                      Continue      Eliminate      Net income

                                                                                   Inc/Dec  

                                                                                             

Sales                               201000             0                -201000  

variable cost                     176000             0                 176000  

Contribution margin          25000              0                -25000  

Fixed cost                        30000           20300               9700  

Net income / (loss)           -5000             -20300          -15300  

No, The Product line shall not be eliminated  

4 0
3 years ago
Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the?
Elodia [21]

Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the <u>service industry</u>.

Service industry is an industry in the part of the economy that creates services rather than tangible objects. These service industry provides a service but does not produce anything.

The industries based on service are an important part of society for a variety of reasons, including- delivering essential services to the public. Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the service industry. These services too generate income.

Hence, service industry play an important role in society.

To learn more about Service industry here:

brainly.com/question/18310687

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6 0
2 years ago
Shelton Enterprises is expecting tremendous growth from its newest boutique store. Next year the store is expected to bring in n
Sedaia [141]

Answer:

B. $6,448,519

Explanation:

The computation of the present value of this growing annuity is given below:

PVA = [Cash flow at year 1 ÷ (interest rate - growth rate)] × {1 - [(1 + growth rate) ÷ (1 + interest rate)^number of years}

= [$675,000 ÷ (0.18 - 0.13)] × [1 - (1.13 ÷ 1.18)^15]

= $6,448,519

Hence, the correct option is b.

4 0
3 years ago
Refer to exhibit 4-1. in a free market, ________ units of the good would be exchanged. with a price ceiling, _______ units of th
solniwko [45]
The answer is option "<span>d. 125; 75".
</span>
Free market alludes to an economy where the legislature or government forces few or no confinements and directions on purchasers and sellers. In a free market, members figure out what items are created, how, when and where they are made, to whom they are offered, and at what value—all in light of free market activity.
4 0
4 years ago
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