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laiz [17]
3 years ago
15

The penalty for a substantial understatement is triggered when ____

Business
1 answer:
zysi [14]3 years ago
3 0

Answer:

The correct answer is A

Explanation:

A substantial understatement may occur when tax return is understated by an amount greater than 10% of the tax required to be shown on the tax return.

Example: If a tax payer that is suppose to report a $6000 tax due and choose to report a $2000 instead, to know if a penalty will be charged or not it has to be greater than 10% of the amount which is suppose to be reported (i.e $6000 x 10% = 600) . therefore in the case shown above the penalty will be applied

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Factors that cause the rivalry among competing sellers to be weak include: Group of answer choices slow growth in buyer demand a
Airida [17]

Answer:

slow growth in buyer demand, weakly differentiated products among rival sellers.

Explanation:

There a number of causes that relate to the firms rivalry among its competitors.

1. Barriers to entry.

2. Bargaining power of the buyers.

3. Bargaining power of the suppliers.

4. Threat of substitutes.

5. Slow industry growth.

6. Lack of differentiation and switching costs.

7. Diverse competitors.

8. High strategic stakes.

7 0
3 years ago
The required volume of output to produce the motors will not require any incremental fixed overhead. Incremental variable overhe
Ludmilka [50]

Answer: Income will increase by $16 per unit

Explanation:

Your question isn't complete but the completed question was gotten online and would be used in answering the question accordingly.

The effect on income if Derby decides to make the motors will be calculated thus:

In-house:

Direct material = 38

Direct labor = 50

Overhead (Incremental) = 21

Total variable cost = 109

Outside:

Cost of supply = 125

Therefore, the income per unit will increase by (125 - 109) = 16.

3 0
3 years ago
W.W. Grainger, Inc. is one of the world's largest largest business-to-business distributors of equipment, component parts, and s
cestrela7 [59]

Answer:

Merchant wholesaler

Explanation:

A merchant wholesaler is a business owner that specializes in purchasing goods in large quantities and then sell to other retailers and wholesalers.

Since they purchase their products in large quantities, they have different warehouses in their acquisition. These warehouses are used to store the products.

Merchant wholesalers are very vital in the chain of distribution as they facilitate the smooth movement of goods which takes places between the producers and the retailers.

In the scenario described above, W.W. Grainger is an example of a merchant wholesaler.

6 0
3 years ago
A company purchased a tract of land for its natural resources at a cost of $1,544,800. it expects to mine 2,020,000 tons of ore
Tasya [4]

The gradual decrease in the value of natural resource is called depletion. The deplection expense is calculated on the cost net off salvage value.

Depletion expense per ton of ore=\frac{(Cost of resource - salvage value)}{Expected Mine}                                                          =\frac{(1544800-252000)}{2,020,000}                                                         =$0.64

Therefore, Depletion expense per ton of ore would be $0.64 per ton of ore.

5 0
3 years ago
New England Co. had net cash provided by operating activities of $351 ,000; net cash used by investingactivities of $420,000; an
Ira Lisetskai [31]

Answer:

d. $248,000

Explanation:

beginning cash balance            27,000

operating activities 351,000

investing activities (420,000)

financing                 250,000

cash generate during the year 181,000

ending cash balance                208,000

<u>Note:</u>

The information of the sale of land is contained with the investment activities.

The proceeds from sales are in the operating activities.

<u>We just need to calculate using the total for each activity.</u>

7 0
3 years ago
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