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Pavlova-9 [17]
3 years ago
5

Rhett made his annual gambling trip to Uwin Casino. On this trip Rhett won $250 at the slots and $1.200 at poker. Also this year

, Rhett made several trips to the racetrack, but he lost $700 on his various wagers. What amount must Rhett include in his gross income? Multiple Choice
a. 08 Zero - gambling winnings are not included in gross income
b. $1,450
c. $250
d. $750
d. $1,200
Business
1 answer:
kogti [31]3 years ago
3 0

Answer:

b. $1,450

Explanation:

Data provided as per the question

Winnings in slot = $250

Winnings in poker = $1,200

The computation of gross income is shown below:-

Total amount in Gross Income = Winnings in slot +  Winnings in poker

= $250 + $1,200

= $1,450

Therefore for computing the total amount in gross income we simply add winning in slot with winning in poker.

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Decrease

Explanation:

Calculation to determine overall break-even point for the entire company

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Therefore Based on the above calculation if the sales mix were to shift toward Product C90B with total dollar sales remaining constant, the overall break-even point for the entire company

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2 years ago
Students who live on campus and purchase a meal plan are randomly assigned to one of three dining halls: the Commons, Northeast,
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Answer:

What is the probability that the next student to purchase a meal plan will be assigned to the Commons?a. 0.33

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P(A) = (No. of ways A can occur)/(Total no. of possible outcomes)

P=1/3

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5 0
3 years ago
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If you noticed that one of your co-workers was stealing a very small amount of cash from the cash register each day, how would y
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Noticing a cash embezzlement done by any colleague in work area then a personal ethics tend to be involved is loyal reporting to employer with quickly and decisively response.

<h3>What are Personal Ethics at work place?</h3>

Personal ethics refers to a person's moral principles and directs individuals in their decisions both inside and outside of the workplace.

Specific moral values will impact a person on how he/she will respond to a particular situations at work and how deal with it while advancing career.

Thus if a person find his or her colleague doing cash register manipulation contact immediately the team leader or any superior for the benefit of company.

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7 0
1 year ago
You've collected the following information about a company: Assets Liabilities and Equity Cash 13,000 Accounts payable 16,000 Ma
professor190 [17]

Answer:

The answer is "$228,000"

Explanation:

Formula:

\text{Total Assets = Current Assets + Fixed Assets}

                    = [\$ 13,000 + \$ 2,000 + \$ 4,000 + \$ 95,000] + [\$ 34,000 + \$ 80,000]\\\\= [\$ 114,000] + [\$ 114,000]\\\\= \$ 228,000

8 0
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