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emmasim [6.3K]
3 years ago
12

Todd has made total contributions of $75,000 to his traditional IRA of which $15,000 were nondeductible contributions. Todd is 6

0 and is considering taking a $20,000 distribution from his IRA, which currently has a fair market value of $175,000. This will be the only distribution from his IRA this year. How much of the distribution will be taxable to Todd?
a. $0
b. $4,000
c. $16,000
d. $20,000
Business
1 answer:
Over [174]3 years ago
3 0
The answer is C
........ i think
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Which one of the following statements about strategic groups and strategic group mapping is false?
katrin2010 [14]

Answer:

B. Part of strategic group map analysis always entails drawing conclusions about where on the map is the best place to be and why.

Explanation:

A strategic group is a classification of a companies or businesses in an industry based on their competitive strategy and business model. Variables such as their pricing, and what gives them an edge in competition are considered. Strategic group map analysis(used in identifying strategic groups) pays attention to where a business falls in strategic competition and the competitive dynamics of the industry. strategic group map analysis is not concerned with identifying the best competitive position for a business and why it should be in this position

5 0
3 years ago
in the theory of percect competition the assumption of easy entry into and exit from the market implies
jeka94

In the theory of perfect competition, the assumption of easy entry into and exit from the market implies <u>zero economic profits in the long run.</u>

<u />

<h3>What Is Perfect Competition?</h3>

The term perfect competition refers to a theoretical market structure. In a perfect competition model, there are no monopolies.

This kind of structure has a number of key characteristics, including:

  • All firms sell an identical product (the product is a commodity or homogeneous).
  • All firms are price takers (they cannot influence the market price of their products).
  • Market share has no influence on prices.
  • Buyers have complete or perfect information (in the past, present, and future) about the product being sold and the prices charged by each firm.
  • Capital resources and labor are perfectly mobile.
  • Firms can enter or exit the market without cost.

There are five assumptions in the perfectly competitive model of markets:

  1. Goods are identical, rival, and excludable.
  2. Buyers and sellers have sufficiently information to make informed decisions.
  3. There are no external effects; and two others. List the two other assumptions and discuss their significance in a sentence or two.
  4. Everyone is a price taker.
  5. There is free entry and exit.

The price taking assumption implies the demand perceived by a seller is perfectly elastic. That is, they can sell as much or as little as they want without affecting the market price. Also, when the firm is a price taker, the profit maximizing rule: MR = MC, can be written P = MC since price equal marginal revenue in perfect competition. The market output where price equals marginal cost is the level the level of output where the sum of consumer and producer surplus is maximized.

The free entry and exit assumption insures economic profits are zero in the long-run and more importantly, resources are perfectly mobile in response to a change in demand or supply conditions.

If demand for a good increases, for example, firms will experience short-run profits, which will induce an expansion of the industry. The increased supply lowers price until profits are zero for the typical supplier.

Therefore, we can conclude that the correct option is C.

Your question is incomplete, but most probably your full question was:

In the theory of perfect competition, the assumption of easy entry into and exit from the market implies

a. positive economic profits in the long run.

b. losses in the long-run equilibrium.

c. zero economic profits in the long run.

d. zero economic profits in both the short run and the long run.

e. positive economic profits in both the short run and the long run.

Learn more about Perfect Competition on:

brainly.com/question/1488584

#SPJ4

3 0
2 years ago
Type the correct answer in the box. Spell all words correctly. While executing a project, it is important to express mutual_____
jonny [76]

Answer:

Respect.

Explanation:

Execution of a project according to the intended plan is very crucial to ensure the success of the project. In order to effectively execute the plan, it becomes crucial to display 'mutual respect and decency' between all the participants as it not only helps in preventing any kind of dispute or conflict in the team but also keeps the entire team focused and motivated to give their best. It develops a positive work environment by accepting each other's individual differences and going together as a team instead of a group of individuals.

5 0
2 years ago
Waterway has a standard of 2 hours of labor per unit, at $12 per hour. In producing 3800 units, Waterway used 7350 hours of labo
Vadim26 [7]

Answer:

Direct labor time (efficiency) variance= $3,000 favorable

Explanation:

Giving the following information:

Standard= 2 hours of labor per unit, at $12 per hour.

In producing 3800 units, Waterway used 7350 hours of labor.

<u>To calculate the direct labor quantity variance, we need to use the following formula:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Standard quantity= 2*3,800= 7,600 hours

Direct labor time (efficiency) variance= (7,600 - 7,350)*12

Direct labor time (efficiency) variance= $3,000 favorable

7 0
3 years ago
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.4 hours
dexar [7]

Answer:

the  labor efficiency variance is $35,244 favorable

Explanation:

The computation of the labor efficiency variance is shown below:

As we know that

Efficiency Variance is

= Standard rate × (Standard hours - Actual Hours)

= $13.20 × (9.4 ×1,050 units - 7,200 hours)

= $13.20 × (9,870 hours - 7,200 hours)

= $35,244 favorable

hence, the  labor efficiency variance is $35,244 favorable

7 0
2 years ago
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