Answer:
option (B) 172,000
Explanation:
Given:
Amount for her loss of future income = $240,000
punitive damages = $160,000
Taxable income = $12,000
Now,
Christie must include in gross income the $160,000 of punitive damages received and the $12,000 for the previously deducted medical expenses. also,
Under tax benefit rule Medical expense recovery is included in gross.
Therefore,
Christie's Gross income in 2020 = Punitive damages + Taxes
= $160,000 + $12,000
= $172,000
Hence,
The correct answer is option (B) 172,000
Answer:
Stockholders' equity at the end of the year was $110,000.
Explanation:
Beginning Balance of Stockholder's Equity = $40,000
Net Income for the year = $90,000
Dividend declared in the year = $20,000
Ending Balance of Stockholder's Equity = Beginning Balance of Stockholder's Equity + Net Income for the year -Dividend declared in the year
Ending Balance of Stockholder's Equity = $40,000 + $90,000 - $20,000
Ending Balance of Stockholder's Equity = $110,000
Answer:
c. will earn zero economic profits but positive accounting profits
Explanation:
A competitive industry is characterised by many buyers and sellers of homogenous goods and services.
There are no barriers to entry and exit of firms. If firms in a competitive industry earn economic profit in the short run, firms enter into the industry in the long run and economic profit falls to zero.
A competitive firm earns accounting profit but doesn't earn economic profit.
Accounting profit = Revenue - Cost
Economic profit = Accounting profit - Opportunity cost
I hope my answer helps you.
Answer:
D. Contrast
Explanation:
Contrast is the situation whereby consumers are familiar with an idea and are unwilling to change the idea. It is situation whereby a product does not share enough existing or common information with known categories. In this scenario, the lemonade introduces didn't share common information with existing categories in the form of color and consistency, hence why consumers had negative response towards the drink.
Answer: A. Stark industries should acquire LENS
Explanation:
Based on the information given in the question, the best strategy that Dev should suggest is that Stark industries should acquire LENS.
Since Stark Industries require the material from LENS and it's difficult to trade, the best option is to acquire it. The acquisition will make the production of the high-quality HD movie cameras easier.
It should be noted that entering into a competition with LENS is not advisable as that'll lead to the material not gotten. Also, a short or long term agreement isn't advisable as well.
Therefore, the correct option is A.
