<span>You will often receive a technician with a different accent at a call center because the practice called diversity. It is commonplace for all or most companies to exercise what is called equal employment opportunities. Through operating call centers in other countries, companies are not only creating a diverse environment, they are enabling people and consumers who may speak different languages to be able to communicate with technicians of different cultural backgrounds.</span>
Answer:
A. $100,000
B. $0
C. $187,700
Explanation:
A. Calculation to determine How much gain will the Pratts recognize on their home sale
Amount realized from the sale$500,000
Adjusted basis $400,000
Gain realized $100,000
($500,000-$400,000)
B. Based on the information given Pratts does not need to pay taxes on their gain on the sale of their home which in turn means that Pratts will recognize $0 gain on their home sale
C.Calculation to determine How much gain will the Pratts recognize on their home sale
Gain =$500,000 × 9 months/24= $187,500 months
Gain=$187,500
Therefore Pratt’s will exclude up to the amount of $187,500 of gain on their home sale
Answer:
July 15
Dr Cash $24,960
Cr Sales $24,000
Cr Sales Taxes Payable $960
Dr Cost of Goods Sold $12,000
Cr Merchandise Inventory $12,000
On August 1
Dr Sales Taxes Payable $960
Cr Cash $960
On November 3
Dr Cash $720
Cr Unearned Ticket Revenue $720
On November 20
Dr Unearned Ticket Revenue $120
Cr Ticket Revenue $120
Explanation:
Preparation of the journal entries
July 15
Dr Cash $24,960
($24,000+$960)
Cr Sales $24,000
Cr Sales Taxes Payable $960
($24,000*4%)
Dr Cost of Goods Sold $12,000
Cr Merchandise Inventory $12,000
On August 1
Dr Sales Taxes Payable $960
Cr Cash $960
($24,000*4%)
On November 3
Dr Cash $720
Cr Unearned Ticket Revenue $720
On November 20
Dr Unearned Ticket Revenue $120
Cr Ticket Revenue $120
(1/6*$720)
Answer:
Amber's offer actually represents $4,500 more after tax money than Khalid's original claim ($158,500 vs $154,000).
Explanation:
Khalid originally demanded:
- $50,000 for pain and suffering = no taxes charged*, net $50,000
- $90,000 for loss of income = $90,000 x (1 - 35%) = $58,500
- $70,000 for punitive damages = $70,000 x (1 - 35%) = $45,500
net income after taxes = $154,000
Amber's offer:
- $100,000 for pain and suffering = no taxes charged*, net $100,000
- $90,000 for loss of income = $90,000 x (1 - 35%) = $58,500
net income after taxes = $158,500
*Money settlements resulting from pain and suffering damages are not taxed.
Answer:
Shut down
$1650
$1500
Explanation:
A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
in the shut run, a perfect competition should shut down if average variable cost is greater than price. this is the case for this firm $10 is greater than $8.
total fixed cost = average fixed cost x quantity produced = $11 x 150 = $1650
Total variable cost = average variable cost x quantity produced = $10 x 150 = $1500