Whether I succeed or fail is ultimately left up to me? agree or disagree

Business

2 answers:

Tom [10]4 years ago

8 0

The correct answer to this open question is the following.

I agree with the quote "Whether I succeed or fail is ultimately left up to me."

You have to be aware that if you expect other people to determine the outcome of your actions and decisions, you will have a difficult life. It is OK to ask for help when needed but never depend on anybody to determine the kinds of actions that you need to do. Trust yourself and prepare, be perseverant, never surrender and finish everything that you start.

yan [13]4 years ago

3 0

I agree with what you say

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Gray Company, a closely held C corporation, incurs a $50,000 loss on a passive activity during the year. The company has active

-Dominant- [34]

Answer:

B) False: since it is still a closely held C corporation, it cannot reduce its ordinary income through passive losses. If it hadn't been a closely held C corporation then it could have made the deductions.

Explanation:

Passive losses are losses resulting from financial activities, i.e. investments in other corporations where the investor doesn't participate in.

Passive losses cannot offset ordinary income, they must be matched against passive gains only. If passive losses exceed passive gains, they can be carried forward without limitation.

The only exception applies to C corporations that are not;

closely held corporations or
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Qualifying C corporations can actually deduct passive losses from certain ordinary income.

Closely held C Corporations are corporations where during the last 6 months, 50% or more of its stock is owned by 5 or fewer investors.

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3 years ago

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mestny [16]

Answer:

a) The federal funds rate has a higher interest rate than the discount rate to encourage borrowing

Explanation:

The Feds fund rate is the rate at which banks borrow from each other usually overnight, while the discount rate is the interest rate charged by the Fed to commercial banks for borrowing directly from the Fed.

These borrowings help the commercial banks meet up their liquidity requirements.

The discount rate is higher than the Fed funds rate. This is to encourage banks to borrow from each other instead of borrowing directly from the Federal Reserve.

The Fed fund rate also tends to affect the prime lending rate (rate at which banks lend money to their clients).

So the statement - The federal funds rate has a higher interest rate than the discount rate to encourage borrowing. Is not correct

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3 years ago

A costing system that uses actual costs for direct materials and labor and predetermined overhead rates to apply overhead is cal

eimsori [14]

Answer: normal costing system

Explanation:

A costing system which uses the actual costs for direct materials and the labor and predetermined overhead rates to apply overhead is referred to as the normal costing system.

Normal costing system is the cost allocation method whereby cost is assigned to products which are based on the labor, materials, and the overhead which are used in their production.

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Answer:

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