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damaskus [11]
4 years ago
5

Cindy, who is self-employed, maintains an office in her home that comprises 24% (290 square feet) of total floor space. Gross in

come for her business is $53,150, and her residence expenses are as follows:Real property taxes 2,400Interest on mortgage 4,000Operating expenses 2,200Depreciations (based on 85 business use) 450What is Cindy office in the home deduction base on :The regular method?The simplified method?
Business
1 answer:
ZanzabumX [31]4 years ago
6 0

Answer:

The correct answer for regular method is $2,514 and for simplified method is $1,450.

Explanation:

According to the scenario, the computation of the given data are as follows:

Regular Method:

Total home deduction = ( Real property taxes × 24%) + ( Interest on mortgage × 24%) + (Operating expenses × 24%) + ( Depreciation )

So, by putting the value, we get

Total home deduction = ( $2,400 × 24%) + ( $4,000 × 24%) + ($2,200 × 24%) + ( $450 )

= $576 + $960 + $528 + $450

= $2,514

Simplified Method:

According to simplified method, the maximum deduction per square ft. can be $5.

So, Home deduction = $5 × 290 Sq. ft.

= $1,450.

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The price of hybrid vehicles in comparison to the other  vehicles would be an example of product repositioning.

<h3>What is product repositioning?</h3>

Product repositioning is when a company changes their status in the marketplace. Repositioning happens to fulfill consumer wants and needs at a particular time.

Like changes to the marketing mix including product, price, location, and promotion, repositioning refers to changing the position of product in minds of target market.

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6 0
3 years ago
According to the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) increased at an annual rate of 2.3 percent
garik1379 [7]

Answer:

a. The low unemployment rate Of early 2018 could have resulted from many discouraged workers leaving the labor force.

FALSE, the economy was growing during 2017 and 2018, so the fall in unemployment levels is reasonable.

b. Growth of real output slowed between the last quarter of 2017 and the first quarter of 2018.

TRUE, it fell from 2.9% to 2.1%.

c. In early 2018, real output in the economy rose, while unemployment declined.

FALSE, real output fell from 2.9% to 2.1% as well as unemployment that fell to 3.9%.

d. The prices of all domestic products and services rose in 2017.

TRUE, the consumer price index increased by 2.1% during 2017.

8 0
3 years ago
Juniper Company uses a perpetual inventory system and the gross method of accounting for purchases. The company purchased $9,750
scZoUnD [109]

Answer:

A. $8, 167.50

Explanation:

The fact Juniper company returned $1,500 worth of merchandise, means that it is only obliged to pay the amount of $8,250($9,750-$1,500).

However, the payment was made on 16th August, which is the discount period of 10 days, hence, the cash paid on August 16 is computed thus:

cash paid=amount of merchandise owed*(1-discount rate)

discount rate=1%(1% discount if payment is made within 10 days of the purchase date)

cash paid=$8,250*(1-1%)

cash paid=$ 8,167.50  

6 0
3 years ago
Suppose you are a senator writing a bill to index Social Security and federal pensions. That is, your bill will adjust these ben
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Answer: The answer is consumer price index (CPI)

Explanation:

The consumer price index is the most popularly used price index to measure the level of inflation in the country.it is a measure of welfare which shows the amount of money needed by the people to provide for themselves a good standard of living. The consumer price index is based on the quantity of goods consumers are buying in the market, because it measures the level of changes in the consumer goods in the economy at a given period of time. It is used to measures the level at which family can afford to buy food, clothing, and live a comfortable life in the country. The consumer price index shows the percentage increase or decrease in the prices of consumer goods in the period in which it is measured. It is calculated as

CPI = current year price index / base year price index × 100%

Therefore, to adjust the social security and federal pensions to offset changes in the cost of living the consumer price index is the most appropriate measure of welfare to used. In the sense that the cost of living is the amount of money an average family will need to provide themselves with the basic necessities of life such as food, clothing ,and shelter. The consumer price index is the most appropriate to know the effect of increase or decrease in the prices of these goods on the low income earners in the country such as the people who receives social security benefits and the pensioners in the country. During inflation the purchasing power of the people in these categories is reduced which tend to have an effect on their standard of living.

6 0
3 years ago
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aleksandr82 [10.1K]

Answer:

running a virus scan

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Running a virus scan helps to detect if a system as been infected with viruses, worms, spy wares, malware, etc. If after running such scan one detects any virus or malicious ware, one can delete such treat thereby preventing serious future problems. To get the best from scanning a computer, the computer must be scanned in the whole network. Running a virus scan helps to secure a system as well as the information on it.

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