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Ostrovityanka [42]
3 years ago
8

This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, th

e company awarded Ed a gold watch worth $250 and a $2,000 cash bonus. What amount must Ed include in his gross income
Business
1 answer:
wlad13 [49]3 years ago
4 0

Answer:

Both of these must be included in the gross income.

Explanation:

The reason is that the employee income that is taxable includes all the benefits in monetary amount and benefits in kind. These benefits are paid to employee as a share of salary to manage his motivation. These incomes must be included in the gross income to calculate his gross income.

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Which of these describes what can happen with an adjustable-rate mortgage?
olga55 [171]

Answer:the answer is D

Explanation:

It goes up and down due to the adjustable rate of the mortgage

4 0
3 years ago
Read 2 more answers
If Q equals the units sold, P is the selling price per unit, V is the variable expense per unit, and F is the fixed expense, the
lakkis [162]

Answer:

The correct answer is: option D

Explanation:

The degree of operating leverage (DOL) is a measure used to evaluate how a company's operating income changes after a percentage change in its sales. A company's operating leverage involves fixed costs and variable costs. It is a financial ratio that measures the sensitivity of a company’s operating income to its sales. This financial metric shows how a change in the company’s sales will affect its operating income.

There are two main formulas to calculate the DOL:

DOL= Contribution Margin/ Operating Income

or

DOL= [Qx(P-V)] / [QX(P-V)-F)

Where:

Q: the number of units

P: the price per unit

V: the variable cost per unit

F: the fixed costs

7 0
4 years ago
The marketing manager of ToyBiz indicated that due to manufacturing efficiencies and market buzz, a new toy they were about to l
Yuliya22 [10]

OPTIONS:

A. economic feasibility

B. legality

C. ethicalness

D. practicality

E. functionality

Answer:

C. ethicalness

Explanation:

Ethicalness as to do with the quality of how morally right a a course of action is. It borders on principles of morality. As stated in the question above, it is already a known fact that the toy has  a risk of malfunctioning which could most likely cause injury to the user. Going ahead to launch s toy that can cause injury is morally not right, even though the toy met the set industry standards. We can imply that ethicalness was ignored by the company executive in the decision making.

6 0
3 years ago
Find the cost of equity for Consolidated Wheels and Axles Inc. using the information below: The firm's beta estimate is 0.9 The
SpyIntel [72]

Answer:

r or expected rate of return = 0.1077 or 10.77%

Explanation:

Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.

The formula for required rate of return under CAPM is,

r = rRF + Beta * rpM

Where,

  • rRF is the risk free rate
  • rpM is the market risk premium

r = 0.051 + 0.9 * 0.063

r or expected rate of return = 0.1077 or 10.77%

8 0
3 years ago
A Ground Fault Circuit Interrupter (GFCI) is designed to do which of the following?
Ymorist [56]

Answer: Protect people from severe and sometimes fatal electrocution by monitoring for electrical leakage to ground.

Explanation:

The main purpose of a Ground Fault Circuit Interrupter (GFCI) is to ensure that when a person gets electrocuted, the flow of electricity is cut off quickly so that no serious injuries or death occurs.

It works by monitoring the electrical leakage to the ground by checking to see if the current going to and coming from the equipment differ by a certain amount and if it does, the GFCI will interrupt the circuit.

5 0
3 years ago
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