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3 years ago

Consider the following statements:________

Business

1 answer:

Oksanka [162]3 years ago

6 0

Answer:

D. a and b.

Explanation:

Economic agent is defined as a person that makes decisions. Choices are made to better drive business objectives.

In a. above, consumers prefer to rent more kayaks from a vendor that is giving them at lower prices. The consumer is the decision-maker, while the incentive is lower prices.

In b. the department stores make the decision not to install security cameras (which are quite expensive) instead they increase security guards. The incentive here is that of comparably lower cost. It is less costly to have goods shoplifted than to install the cameras.

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Mensa is a society for "geniuses." one way to qualify for membership is having an iq at least 2.5 standard deviations above aver

7nadin3 [17]

According to the scale, an average person would posses the mean of 100 IQ and standard deviation of 15. If to be a member of mensa one should have an iq at least 2.5 standard deviations above average, the minimum iq should be:

2.5 = (x-100)/15

x = 137.5 >>>>> Less than 1% population belong to this IQ group or higher.

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3 years ago

Read 2 more answers

Which of the following statements is true if total fixed costs decrease while the sales price per unit and variable cost per uni

Trava [24]

Answer:

D. The breakeven point decreases.

Explanation:

Breakeven point of a business is defined as the point where it's total cost and total revenues are equal, at this point there is no gain or loss. Hen revenue is above this point profit is made, and when revenue is below this point there is loss.

The formula for break-even is

Breakeven point= Total fixed cost/(Sales price per unit- Variable cost per unit)

Since sales price and variable cost is constant, let's say

(Sales price per unit- Variable cost per unit)= constant (k)

So when we cross-multiply in the formula

Breakeven* k= Total fixed cost

It shows that Breakeven point is directly proportional to Total fixed cost.

So a reduction in Total fixed cost will result in a reduction in Breakeven point.

3 0

3 years ago

Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square f

jekas [21]

Answer:

a) $7,400

b)$60,000

Explanation:

First, we need to complete the question

a) What is Rita's home office deduction for the current year?

b) What is Rita's AGI for the year?

Solution

a) Rita's Home Office Deduction for the Current Year

Description Amount ($)

Gross Income 13,000

Subtract: Her Business Expenses (5,600)

The balance 7,400

Subtract: Expenses under 1st Tier (6,700)

(Interest 5,100 + taxes 1,600)

Balance 700

Subtract: Expenses unde 2nd Tier (700)

($800 Operating Expernses before limit)

Balance 0

Subtract: Expenses under 3rd Tier (0)

1,600 Depreciation before limit

Net income from Rita's Business 0

The Deduction allowed Rita is $7,400 a totla of the home office expenses and the home operating expenses

Note that there was no expense subtracted for the Tier 3 expenses this is because Rita's income had reduced to $0 and there was nothing to subtract from

B) What is Rita's AGI for the year?

The AGI is the Rita's reported AGI of $60,000 + $0 which is the net calculated income from her business. So her AGI remains $60,000.

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3 years ago

Journalise the followung transactions.

katovenus [111]

Answer:

Explanation:

S/No Date Transaction Dr($) Cr($)

1 Oct.1 Rent Expense 3,600

Cash 3,600

2. Oct.3 Advert. Expenses 1,200

Cash 1,200

3. Oct.5 Supplies 750

Cash 750

4 Oct.6 Office equipment 8000

Accounts Payable 8,000

5 Oct.10 Cash 1 4,800

Accounts receivable 14,800

6 Oct.15 Accounts payable 7,110

Cash 7,110

7. Oct.27 Miscellaneous 400

Cash 400

8 Oct.30 Utilities Expenses 250

Cash 250

9 Oct 31 Accounts receivable 33,100

Fees earned 33,100

10 Oct.31 Utility Expense 1,050

Cash 1050

11 Oct.31 Drawings 2,500

Cash 2,500

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3 years ago

This position on grace sees the convicting and enabling work of the holy spirit accompanying the preaching of the gospel and bel

lilavasa [31]

This position on grace sees the convicting and enabling work of the Holy Spirit accompanying the preaching of the gospel and believes this work is accomplished in every believer with the Sprit of Jesus Christ. The Sovereign Grace Churches has the main mission to spread the Gospel of Jesus.

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3 years ago