All categories

3 years ago

If taxpayers are married and living together at the end of the year, they must file a joint tax return. True False

Business

1 answer:

scoray [572]3 years ago

5 0

Answer:

True

Explanation:

because its true

You might be interested in

The Tree Top Airline (TTA) is a small feeder-freight line started with very limited capital to serve the independent petroleum

nikitadnepr [17]

Answer:

To make it feasible it will need to operate 7 or more planes.

Explanation:

450,000 maintenance facility

useful life of 15 year

salvage value of 100,000

<u>saving cost per plane:</u>

third party cost - own facility cost = cost savings

35,000 - 25,000 = 10,000

present value of the salvage value: (present value of a lump sum)

$\frac{salvage }{(1 + rate)^{time} } = PV$

salvage $ 100,000

time 15 years

Minimum accepter rate of return: 0.12000

$\frac{100000}{(1 + 0.12)^{15} } = PV$

PV 18,269.6261

present worth of the facility:

450,000- 18,268.63 = 431,731.37

Now we determinate the PMT over a 15 years period to know the cost savings per year to justify the facility:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV 431,731

time 15

rate 0.12

$431731.37 \div \frac{1-(1+0.12)^{-15} }{0.12} = C\\$

C $ 63,388.630

As each plane cost savings are 10,000

63,388.62 / 10,000 = 6.39

the company will need to operate 7 or more planes.

3 0

3 years ago

Explicit and Implicit Costs) Amos McCoy is currently raising corn on his 100-acre farm and earning an accounting profit of $100

loris [4]

Answer:

Amos McCoy is earning an economic loss. His implicit cost ($200) is greater than his accounting profit ($100)

Explanation:

Economic profit it accounting profit less implicit cost.

Accounting profit is total revenue less total cost or explicit cost.

Implicit costs are opportunity costs.

Economic profit = $100 - $200 = $-100

Amos McCoy Is making an economic loss of $-100

I hope my answer helps you.

3 0

3 years ago

Use the following selected balance sheet and income statement information for Caroline Supply Co. (in millions) to compute asset

lidiya [134]

Answer:

3.15 times

Explanation:

Asset turnover = Sales revenue / Average total assets

Asset turnover = $1,135,420 / $360,600

Asset turnover = 3.15 times

7 0

2 years ago

Bart works as an accountant for Good Times Restaurant. He is responsible for not only keeping the books current but also for mak

GenaCL600 [577]

Embezzlement. He is taking (stealing) asserts that we’re entrusted to him. Bad Bart!

7 0

3 years ago

Innovation Class! I am having a hard time coming up with ideas for my innovation class. Can you help me brainstorm or offer a fe

Marrrta [24]

<h2> $\mathfrak{ 1. Create your own “Three Ifs”2. Practice dreaming3. Make time for cohesive creative thinking4. Learn to pitch your ideas (in an elevator)5. Bounce \: ideas \: off \: others}$ </h2>

5 0

2 years ago