1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
saveliy_v [14]
3 years ago
7

Consider the following cases.

Business
1 answer:
Alexxandr [17]3 years ago
3 0

Answer:

a. substitutes

b.increase

c. Complements

d. falls

Explanation:

A substitute or substitute good is a product or service that can be easily replaced with another. In other words, its a product or services a consumer sees as the same or similar to another product.

Due to a fall in price of any commodity, the demand for such commodity is going to increase.

A Complementary good is a good whose use is related to the use of an associated or paired good. Two goods are complementary if using more of good A requires the use of more of good B

You might be interested in
All of the following are examples of results of unethical business actions except:
lawyer [7]
Answer: A

Explanation:
6 0
3 years ago
Read 2 more answers
In the cell phone mini case, mobile power's money-back guarantee and warrantee are a form of ________ pricing
Talja [164]
I believe its closure.
6 0
3 years ago
Describe in detail the goals you have for this unit. 2. describe how this unit will help you in your professional development .
egoroff_w [7]
I fjjrheyjyjyjrybegfvqvdgdhtbey
6 0
3 years ago
Joe operates a business that locates and purchases specialized assets for clients, among other activities. Joe uses the accrual
babunello [35]

Answer: Please refer to Explanation

Explanation:

a. No Effect on Taxable Income.

First off Joe's income is only dependent on if the test is successful. Even if it were, the test would only be conducted in year 1 March not in year 0 which is the focus of this question. Taxes are only paid when cash is received.

b. No Effect on Taxable Income.

Had there been a business discussion, Joe would have been able to claim a 50% deduction in Tax. However since there was none, there is no effect on Tax.

c. No effect on Taxable Income

The insurance is not tax deductible.

d. $12,750 in taxable income.

Even Joe believes that $2,750 of income might not be collected, he cannot deduct this from taxes until it actually happens therefore his increase in income is $12,750.

e. $2,250 reduction in taxable income

The $6,750 was paid for 3 months. Joe uses Accrual accounting however meaning that expenses have to be recorded for the period they are incurred. $2,250 was incurred for December and so that is the amount that will be deducted as an expense for the year.

f. $1,600 reduction in Taxable income.

If the representative brings back receipts that are in order, Joe can be able to reimburse her for $1,600 in expenses. This includes $550 for airfare, $600 for lodging and for food and entertainment, the maximum he can claim as deductible in tax is 50% of each which means $250 for meals and $200 for entertainment. Adding all that up will give $1,600.

g. $139.15 reduction in Taxable income

Joe drove 96 miles to and fro the factory to his house. This is not tax deductible and considered personal. He however drove 245 miles visiting company sites. This is tax deductible.

The standard rate for 2020 according to the IRS is 57.5 cents per mile so 245 * 57.5 cents per mile will give $139.15.

h. $345 reduction in taxable income

Joe spent $175 to attend to symposium. He also paid $95 in taxi fare to get to the symposium. He ate meals worth $150 during the symposium not which 50% is deductible. 50% being $75. Adding all these together is,

= 175 + 95 + 75

= $345.

This is the taxable reduction.

3 0
3 years ago
You have just been offered a promotion that your friend and coworker, Crystal, has been hoping for. Crystal knows that you had a
zavuch27 [327]

Answer:

Indirect

Explanation:

Since in the question it is mentioned tat you just promoted also at the same time you know that Crystal would be upset at the time when she heared the promotion news but she is the good friend and need to be honest so here the  indirect strategy should be used rather using the direct strategy

Therefore the first option is correct

5 0
3 years ago
Other questions:
  • You invest $1,000 in a fund. You check your statement at the end of April and you have lost 13%. When the statement for May come
    13·1 answer
  • Market​ __________ evaluates each market​ segment's attractiveness and selects one or more segments to serve.
    5·1 answer
  • In an informationally efficient capital market: Group of answer choices security prices quickly reflect new information. investo
    9·2 answers
  • What was the purpose of the movie duck and cover ​
    13·2 answers
  • _____ should not be included on a résumé.
    6·2 answers
  • Question 37Gray Company uses the periodic inventory system to account for inventories. Information related to Gray Company's inv
    12·1 answer
  • Ann is trying to decide which one of two job offers she will accept. Several items are presented below: Job Offer A(1)Base Salar
    10·1 answer
  • What do you think makes an engaging public speaker? Explain your answer. in 4-5 sentences.
    12·2 answers
  • On July 1, a company sells 8-year $250,000 bonds with a stated interest rate of 6%. If interest payments are paid annually, each
    13·1 answer
  • In a(n) ________ strategy, managers try to gain a competitive advantage by focusing the energy of all the organization's departm
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!