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3 years ago

What are the costs and consequences of providing and to whom

1 answer:

4 0

Providing "and to whom" can be risky because it does not specify an exact name, and anybody who is in that position at a later time, can be affected by whatever is being referred.

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Kimberly, a single taxpayer, sold three capital assets during September 2019. She sold a collectible painting held five years fo

lawyer [7]

Answer:

$1,050

Explanation:

since these three transactions involved capital gains or losses (investments lasted more than 1 year), they will be taxed using the capital gains tax rate = 15%

total capital gains = $3,000 (painting) + $5,000 (stocks) - $1,000 (other stocks) = $7,000

total taxes due = $7,000 x 15% capital gains tax rate = $1,050

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3 years ago

Although best used as a last resort, many small businesses find it convenient to use __________ as a short-term source of financ

Virty [35]

Answer:

Credit cards

Explanation:

Credit cards can allow for easy access to money. They can also be expensive if the balance is carried or they are overused.

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3 years ago

Read 2 more answers

Which of the following situations describes a person who could be insolvent?a.Assets $56,000; annual expenses $60,000b.Assets $7

max2010maxim [7]

Answer:

d.Assets $40,000; liabilities $55,000

Explanation:

Insolvent: When the person is not able to pay its debts. The maximum money will be recovered from his estates as the person is not in the position to pay its dues.

From the above options, option d is the most appropriate option as the liabilities consisted of a large amount whereas the asset values are of less amount.

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2 years ago

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This famous Act banned all combinations and practices that restrained free trade. It ended up banning monopolies, vertical integ

jolli1 [7]

Answer:

The Sherman Antitrust Act.

Explanation:

The Sherman Antitrust Act was enacted by the federal on 2nd July 1890. The act was passed in response to the growing competition among the business. The act was named after Senator John Sherman the proponent of the act. The act prohibited charging of unfair prices on farmers and merchants and favoriting large companies.

This act restrained the growth of monopolies who were practices that were trying to stop free trade.

<u>It was an anti-trust act; trusts were the big business markets from which stakeholders would transfer theirs on a single trustee. This created a monopoly in the market disabling other companies</u>.

So, the correct answer is the Sherman Antitrust Act of 1890.

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3 years ago

Anita is interested in new technology that can make the processes at her business run more smoothly. What resources could she us

GuDViN [60]

There are numbers of ways that she could use to assist her in learning about new technologies which can make the processes at her business run more smoothly. This may include books related to the new technology that is related to her business. In addition, she could also hire experts or advisers that will help her learn and understand more about it. Company owners often pay someone from the company who provides that technological advancements to teach their employees how to use the new technology.

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3 years ago

Read 2 more answers