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2 years ago

11

If Congress imposes a $5 tax on each ATM transaction, the demand for money will likely: Group of answer choices increase. decrea

se. be unaffected. fluctuate randomly.

1 answer:

Alinara [238K]2 years ago

7 0

Answer:

The answer is increase.

Explanation:

If Congress imposes a $5 tax on each ATM transaction, the demand for money will likely increase.

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Mike has one hour to spend at the gym where he will jog, play handball and cycle. jogging uses 10 calories per minute, handball

slega [8]

Let
x = minutes used for jogging
y = minutes used for handball
z = minutes used for cycling

Th total time spent is 1 hour (60 minutes), therefore
x + y + z = 60

Because Mike jogs as long as he cycles, therefore
x = z
Therefore
2x + y = 60
or
y = 60 - 2x (1)

Jogging consumes 10 calories/min, handball consumes 9 calories/min and cycling consumes 12 calories/min.
The calories consumed in 60 minutes is 580, therefore
10 x + 9y + 12z = 580
Because x = z,
22x + 9y = 580 (2)

Substitute (1) into (2).
22x + 9(60 - 2x) = 580
22x + 540 - 18x = 580
4x = 40
x = 10
y = 60 - 2x = 40
z = x = 10

Answer:
10 minutes of jogging
40 minutes of handball
10 minutes of cycling.

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3 years ago

The objective section of a resume should consist of no more than:

Alona [7]

Answer:A

Explanation:

A p e x

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2 years ago

Camila is a new employee at Dario Enterprises and is undergoing training. A senior employee from her team is assigned to mentor

Lapatulllka [165]

Answer:

C. On-the-job training

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3 years ago

The profit and loss statement of Kitsch Ltd., an S corporation, shows $100,000 book income. Kitsch is owned equally by four shar

postnew [5]

Answer:

$82000
$20500
$750
Not taxable

Explanation:

with the information provided

A) how the entity's non separately stated income is $82000

to calculate the non separately stated income

(Total long term stated income) - (total short term stated income)

long term stated income

book value = $100000

long term capital loss/gain = $6000

book value + long term capital loss = $106000 ( total long term stated income )

short term stated income

tax exempt = $3000

dividends = $9000

1231 gain = $7000

net passive income = $5000

total short term stated income = 3000 + 9000 + 7000 + 5000 = $24000

hence non separately stated income = $106000 - $24000 = $82000

B) To show how one of he kitsch shareholder is bearing $205000 income or loss

Number of shareholder = 4

non separately stated income = $82000

non separately stated income / number of shareholder = 82000 / 4 =$20500

C)

Tax exempt income = $3000

number of share holders = 4

hence Billings' share of tax exempt interest income = tax exempt income / number of share holders

= $3000 / 4 = $750

Billings income is not taxable this year because his taxable income this year is $20500

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2 years ago

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Schrute Farm Sales buys portable generators for $ 470 and sells them for $ 720 He pays a sales commission of 5% of sales revenu

tigry1 [53]

Answer:

The contribution margin statement is found below with a contribution margin of $149,800 and operating income of $145100

Explanation:

Contribution Margin Statement

Sales revenue ($720*700) $504000

Variable costs:

Cost of generators($470*700) ($329000)

Commission(5%*$504000) <u> ($25200)</u>

Contribution margin $149,800

Fixed costs

Rent ($3000)

Additional commission <u> ($1,700)</u>

Operating income $145100

Cost of rent is fixed as it is not depended on the quantity of generators sold.

Additional commission is fixed amount,so it is a fixed cost, while costs of buying generators as well as the commission of 5% are both variable costs.

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3 years ago