Answer:
Edward can deduct his $7,000 loss from his adjusted gross income (AGI). Partnerships are investments that you make regardless of whether you work for them or not. One of the key characteristics of partnerships is that they are not taxed as separate entities, they pass-through their income or losses to the partners.
The Walmart store manager in Fayetteville, Arkansas, is engaged in Tactical planning when developing a quarterly expense budget or making out weekly employee work schedules.
Explanation:
To achieve the long-term objectives set by strategic planning in an organization, tactical planning is done to set short-term targets and action plans. The phase of tactical planning happens in real-time, following the short-term results.
Hence, the horizon is shorter than the strategic plans and this kind of planning is usually carried out by separate departments or functions of the business. Therefore tactical planning in an enterprise is the prerogative of middle / departmental level managers.
Answer:
a. In 2017 the company is collecting faster than in year 2018.
Explanation:
Account receivable turnover tells us that the number of times any business is collecting it average account receivables. This formula is used to identify the ability of the business to collect from its account receivables.
Hence, the situation was better in 2.17 as compared to 2018 because the company was collecting its money from account receivables at a better recovery rate.
Good Luck.
Answer:
a. is liable to purchasers as a manufacturer/seller of toys.
Explanation:
Mattel is the producer of the toys even if it was it's manufacturer in China that made the toys. Using lead paint can lead to poisoning of children. So the toys produced can be considered to be harmful and defective.
The manufacturer of a product has a product liability on every good delivered to the consumer. Product liability is that borne by the manufacturer of a good for putting defective product in the hand of the consumer.
So for any damage or health issues that come up as a result of use of the toys, Mattel is liable.
