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maw [93]
3 years ago
13

Sue is a small business owner who often gives gifts to clients. She gives a $40 gift to her client, Mr. Smith, and his wife. Sue

spent $6 to wrap the gift. She also gave out 400 calendars with her company name on them. Each calendar cost $1. Sue also gave her secretary a $370 watch for his 10 years of service. How much of the above expenses may she deduct? A. $816 B. $446 C. $795 D. $801 E. None of the above
Business
1 answer:
PilotLPTM [1.2K]3 years ago
8 0

Answer:

D) $801

Explanation:

Businesses can only deduct $25 per gift per client, in this case the client's wife is not an actual client, so Sue can only deduct $25 for the gift plus the wrapping expenses. She can also deduct the $400 spent in the calendars and the $370 watch.

Sue's total deductions = $25 + $6 + $400 + $370 = $801

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A _____ risk is a risk with a possibility of loss, but no possibility of gain.
77julia77 [94]

Answer: ANSWER: Pure

Explanation: Only pure risks are insurable because they involve only the chance of loss. They are pure in the sense that they do not mix both profits and losses. ... Both speculative risk and pure risk involve the possibility of loss. However, speculative risk also involves the possibility of gain as well - even if there is no loss.

3 0
3 years ago
Read 2 more answers
Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.9 mil
goblinko [34]

Answer:

Total no. of people employed:

= No. of people working part-time + No. of people working full time

= 4.9 million + 14.53 million

= 19.43 million

Total no. of people unemployed:

= People in the working age population who are not working and have looked for work in the past four weeks

= 2.90 + 1.72 million

= 4.62 million

Labor force = Total no. of people employed + Total no. of people unemployed

= 19.43 million + 4.62 million

= 24.05 million

Labor force participation rate:

=\frac{Labor\ force}{Total\ non-institutionalized\ working\ age\ population}

=\frac{24.05}{35.9}

= 0.6699

= 66.99%

Unemployment rate:

=\frac{No. of people unemployed}{Total labor force}

=\frac{4.62}{24.05}

      = 0.1920

      = 19.20%

5 0
3 years ago
Which statements best describe how governments respond to changes in the business cycle? Check all that apply.
Harman [31]

The correct answer is 2 and 5.

(i) Government refuses to pass budget.

(ii) Government manipulates interest rates.

Another name for business cycle is economic  cycle. The upward and downward movement which is of gross domestic product.

We measure business cycle by way of considering growth rate of real gross which is of domestic product.

7 0
3 years ago
Read 2 more answers
A Quality Analyst wants to construct a sample mean chart for controlling a packaging process. He knows from past experience that
AlexFokin [52]

Answer:

There are 5 questions altogether, so the answers and explanations are below.

Explanation:

QUESTION 1

Whenever the packaging process is under control, package weight is normally distributed with mean of 20 ounces and standard deviation of 2 ounces. This makes the true mean lie between 18 and 22 [subtract 2 from 20 and add 2 to 20].

For Monday, the mean is the addition of the values then divided by 4. That is, 92/4 = 23

For Tuesday, same computation follows. We have 84/4 = 21

For Wednesday, 80/4 = 20

For Thursday, 76/4 = 19

For Friday, 80/4 = 20

For the packaging process to be out of control, the mean weight for that day of the week must be outside the interval.

The answer is option (A) Monday because the mean weight for that day exceeds the upper limit of 22 ounces.

QUESTION 2

Accordingly, he sampled 4 units of output from each machine.

We will find the mean of the output units from each machine.

M1 : (17+15+15+17) ÷ 4 = 64/4 = 16

M2 : 84 ÷ 4 = 21

M3 : 92 ÷ 4 = 23

The correct answer is option (A) Machine Number 1 because the process mean for that machine is outside the control limit specified. The value 16 is below the lower limit value of 16.71.

QUESTION 3

It is the same as question 2 BUT we are to find the estimate of the process mean for whenever it is under control.

The interval given [16.71 - 23.29] represents the interval within which the process means for machines which are 'under-control' will fall. Hence the estimate of the process mean for whenever the machines are under control is:

(23.29 + 16.71) ÷ 2 = 40/2 = 20

The correct option is (C) 20

QUESTION 4

Specification requires that the piece of material be between 52.47 and 55.53 inches.

The process that produces the piece of material yields an interval of [53.1 - 54.9].

This is gotten from the subtraction of the standard deviation/error from the process mean of 54 and adding the standard error to the process mean of 54.

The answer is option (E) None of the above. This is because the correct answer is 100%. All pieces produced by the process fall within 53.1 and 54.9 inches and this interval falls rightly within the required specification of [52.47 - 55.53] inches.

QUESTION 5

Here, process mean interval is same as the required interval. Subtracting the standard deviation from the process mean and adding it to the process mean, we get our lower limit and upper limit respectively. The distribution of output is also normal.

Since the process is under/in control, it means that the 5 samples had sample means that are within the required interval.

So, since distribution of output (mean) is Normal, 85.01% of the sample means will fall within the middle values of 85.01% of the interval.

The interval spans 1.6 points or inches. This is the distance or difference between the upper and lower limits.

85.01% of 1.6 is 1.36016

We will divide this interval into two so we can get our new standard deviation and subtract it from 59, as well as add it to 59, to get the new interval within which 85.01% of sample means will fall.

1.36016 ÷ 2 = 0.68008

So the new lower limit is 58.31992

New upper limit = 59.68008

Correct answer is Option (E) None of the above

85.01% of sample means will fall within [58.31992 - 59.68008]

If approximated to 3 decimal places as in the options given above, 85.01% of sample means will fall within [58.320 - 59.680] inches.

GOOD LUCK!!

6 0
3 years ago
Assume that you have just sold a stock for a loss at a price of $75 for tax purposes. You still wish to maintain exposure to the
Agata [3.3K]

Answer:

$87.25

Explanation:

Calculation for the effective price paid to repurchase the stock

Using this formula

Effective price = Strike Price + Price

Let plug in the formula

Effective price =$80+$7.25

Effective price =$87.25

Therefore the effective price paid to repurchase the stock will be $87.25

8 0
3 years ago
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