Answer
A detailed statement of receipts and expenditure for a period of time in the future is called a Budget
Explanation
An estimate of revenue and expenses over a particular future period of time is referred as the budget. A budget can be made for a family, for an individual or a business entity. In companies, budget is utilized as an internal tool of management.
Answer: $1,355.41
Explanation:
Business expense deductible:
= Adjusted Cost of gasoline + Depreciation
As Ryan can only provide documentation for 1,300 miles, this is what the deductible will be based on:
= (Cost of gasoline * Documented miles for business / Estimated miles for business) + (Depreciation * Documented miles for business / Total miles travelled)
= (1,920 * 1,300 / 2,260) + (3,900 * 1,300 / 20,200)
= $1,355.41
Answer:
underpriced
Explanation:
Without mincing words, let us dive straight into the solution to the solution to the question. From the above problem, the following data or information are given:
=> market rate of return = 11 per cent, risk-free rate of return = 3 per cent, Lexant NV = 3 per cent less systematic risk than the market, actual return = 12 per cent.
The expected return = [ 11% - 3%] × 0.97 + 3% = 10.76%.
We are given the actual return to be 12% which is greater than the expected return which is 10.76%.
The equity is overpriced.
Qualitative forecasting is based on the information that cannot be measured while quantitative forecasting relies on historical data.
<h3>What is forecasting?</h3>
It should be noted that forecasting uses historical data to predict future trends.
In this case, qualitative forecasting is based on the information that cannot be measured while quantitative forecasting relies on historical data.
Learn more about forecasting on:
brainly.com/question/21445581
#SPJ1
Answer:
Sumika has to file tax return since the income she earned from her internship of $12,400 is greater than the threshold for earned income which is $12,200.
Explanation:
A tax return is a form that needs to be filed by with a taxing authority as proof of income, expenses and tax deductions. The tax returns allow the tax payer to determine how much tax they are required to pay, when to make such payments and refunds for paying above the required amount. Nit everyone is eligible to file for tax returns depending on the individual and the laws governing tax payments. In the U.S for example, the are factors that determine whether your are eligible to file tax return or not. They are;
1. If one is listed as a dependent
2. Marital status; married or single
3. Age
4. Whether one is blind or not
So the gross income of an individual is checked against the above factors for that particular individual to determine the minimum threshold within which he/she should file tax returns. Generally anyone who is single, or someone claims you as a dependent, or you are not 65 or older or blind you can file your tax returns depending on your income. If your unearned income is greater than $1,100 and your earned income is also greater than $12,200, then you are eligible for filing tax returns. Unearned income is income generated from investments not directly related to employment while earned income is income that one has to work for. Sumika, James, Sean, and Amy's income is earned income. The only person who is suppossed to file tax returns is Sumika since her income ($12,400) is greater than the threshold for earned income ($12,200).
