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Anna35 [415]
3 years ago
6

Clarence is a sole proprietor who started his business on July 29, 2017. He has not elected any particular tax year. Generally,

when is Clarence's federal income tax return due?
Business
1 answer:
astra-53 [7]3 years ago
6 0

Answer:

Clarence must file his tax returns on schedule C which is April 15, 2020 (for 2019 taxes).

Explanation:

As a sole proprietor of a small business Clarence must include his personal tax return when he files the sole proprietorship's tax returns. Tax returns must be filed on different dates depending on what type of business is filing:

  • Sole proprietorship and single-member LLC by April 15, 2020.
  • Partnership by March 16, 2020.
  • Multiple-member LLC by March 15, 2020.
  • S corporation by March 15, 2020.
  • Other corporations (not S corporations) by the 15th day of the 4th month after their fiscal year ends.

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What is the shape of MP curve?
Serga [27]
EXPLANATION: The MP curve is one of three related curves used in the analysis of the short-run production so basically the marginal product (MP) curve plays in key role in the economic analysis of short-run production by firm

Answer: MP curve looks like a reverse U shaped curve or are invertedly U-shaped
8 0
3 years ago
In todayâs workplace, teams are a vital force, and the majority of business professionals must collaborate on the job. The trend
Sphinxa [80]

Answer:

c) response more quickly

Explanation:

Teamwork refers to working in collaboration towards attainment of a common goal. Teamwork leads to synergistic gains as the collective group work exceeds the work carried out individually.

Following points highlight the importance of team work in an organization:

  • Promotes problem solving skills: Working in a team helps individual develop problem solving skills.
  • Improved coordination and communication: Teamwork leads to better familiarity and thus improves coordination.
  • Increased efficiency and quicker responses: Teamwork leads to synergistic gains as collective effort exceeds individual effort and also expeditious performance.  
  • Promotes learning: One to many interactions among team members promotes learning
  • Builds a sense of belonging: Since all team members are united by one common goal, teamwork builds a sense of belonging w.r.t organization.
5 0
3 years ago
Universal Travel Inc. borrowed $501,000 on November 1, 2021, and signed a 12-month note bearing interest at 7%. Interest is paya
Anon25 [30]

Answer:

Interest = $5,834.67

Explanation:

In November 1, the note bears 12 month = 7%

From November 1 to December 31 = 2 month

Hence for 2 month Interest = 2 * 7/12(%) = 1.1667%

Thus, interest = $500,100 * 1.1667%

Interest = 5834.6667

Interest = $5,834.67 approximately.

3 0
3 years ago
Closure is the property of an operation and a set that the performance of the operation on members of the set always yields a me
SashulF [63]

Answer:

Set.

Explanation:

Closure property in algebra asserts that 'when an operation(multiplication, addition) takes place among the members of a set, the result produced would surely be a member of that same set.' For example, if we add or multiply two real numbers(members of the same set), the result would be a real number for sure(a member of the same set). It implies that 'real numbers are closed under multiplication and addition.' While if I subtract two real numbers, I may or may not get a real number. Thus, the real numbers are closed under subtraction.

5 0
3 years ago
The Commerce Ministry of a country conducts regular surveys on goods and services sold within the country. Researchers at the Mi
denpristay [2]

Answer:

The correct option is C.

Explanation: Price elasticity is the measure of the rate of change in the level of quantity demanded due to a change in the level of price.

Price elasticity is usually negative, this means that it follows the law of demand; as price increases quantity demanded decreases.

Also, another incidence that can affect price elasticity is an availability of cheaper alternatives. If cheaper alternatives of a particular product are introduced into the market, the demand for that product will reduce, because consumers will abandon it for its cheaper alternatives, thereby driving the elasticity of that product higher.

Therefore, in the scenario given above, the elasticity is higher than -1.2 because there are new brands that have just been introduced into the market.

6 0
3 years ago
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