Answer:
Gina must report the $13,000 as income for the current year.
Explanation:
According to the tax benefit rule, any recovered expense ($13,000) must be included as income in the extent at which it resulted in a tax benefit.
Since Gina had a net $16,000 long term capital gains that were offset by her $18,000 loss, the $13,000 will partially replace most of the capital gains that were reduced the previous year.
Answer:
the marginal revenue product of baseball players is greater than the marginal revenue product of college professors.
Explanation:
Baseball players are responsible for a baseball teams' revenues, and they add up billions of dollars per year. For example, Max Scherzer sells jerseys, caps and other merchandise for millions of dollars, and his team winning the World Series this year increases the team's revenue greatly. Sometimes even without winning a championship some players still generate lots of revenue.
An individual's salary should be proportional to the revenue that they generate. Colleges have huge amounts of revenue, and college professors are responsible for a large portion of it.
The problem hear is that there are a lot of college professors and assistants, and the revenue must be split between many people. For example, Harvard University's revenue is about $5.5 billion per year, but it has over 16,000 employees (including about 2,400 professors).
Answer:
$1,500
Explanation:
With regards to the above, we would compute Benson's Company bad debt expense for 2013 as;
= Estimated uncollectible accounts as of 31, December 2013 - Credit balance in the allowance for doubtful account before adjustment at December 31, 2013.
= $1,800 - $300
= $1,500
Therefore, Benson Company would report $1,500 as bad debts expense in 2013.
The things which Carrie Franklin can do to<em> protect herself </em>from possible scam include:
- Calling the telephone operator to verify if the Chimney Sweeps actually exist.
- Next thing would be to enquire if the office sent anybody to her home.
- Next thing would be to ask for their ID cards.
Based on the given question, we can see that Carrie Franklin received some visitors who claimed to be chimney sweepers from a company and she would<em> have to pay them</em> for cleaning her chimney.
It is important that she verifies that they are a legitimate company then look them up in the telephone listing and if she has any additional suspicions she can call the police just to be safe.
Read more about scam here:
brainly.com/question/3422329
The correct matches are as follows:
<span>A.Pure competition
</span>Fast food restaurants
<span>
B.Near monopoly
</span><span>Computer operating systems
</span><span>
C.Monopolistic competition
</span><span>Online auctioning
</span><span>
D.Oligopoly
</span><span>Car makers
Hope this answers the question. Have a nice day.</span>