According to the Small Business Administration, the percentage of businesses that

Krete is an unmarried taxpayer with income exclusively from wages. By December 31, year 1, Krete's employer has withheld $16,000

storchak [24]

Answer:

The answer is: $0

Explanation:

Krete would have been forced to pay a penalty only if her taxes due after withholdings were over $1,000 . Since she only owed $200 in taxes, she will not receive any penalty for underpayment. But she will still have to pay a penalty for not paying the $200 she owes (this is a separate penalty).

4 0

2 years ago

The ideas of Adam Smith and Karl Marx 1. ___ used the metaphor of the "invisible hand" to: a. Describe how the individual pursui

melisa1 [442]

Answer: 1. A - Describe how the individual pursuit of self-interest works to promote the interest of the public as a whole

2. A- Both Adam Smith and Karl Marx believed that humans are motivated by self-interest

Explanation:

1. According to Adam Smith who is known as the father of modern economics stated in his thesis that individual's self-interest and freedom of production as well as consumption is in the best interest of the society as a whole.

Each Individual's free exchange creates signals about which goods and services are valuable. These signals will spontaneously direct competing consumers, producers, distributors, and intermediaries—each pursuing their individual plans— to fulfill the needs and desires of others.

Smith’s invisible hand became one of the primary justifications for an economic system of free market capitalism.

2. Pairing that best describes Adam Smith's view of human motivation in a market economy and Karl Marx's view of human motivation in a communist economy: Both Adam Smith and Karl Marx believed that humans are motivated by self-interest as they both believe that the economy is a capitalist economy that all its good and services are in the hands of private individuals.

7 0

2 years ago

Which of the following best describes a Nash equilibrium? An outcome from which one or both competitors can improve their positi

amid [387]

The question is reconstructed below:

Which of the following best describes a Nash equilibrium?

A. An outcome from which one or both competitors can improve their position by adopting an alternative strategy.

B. The unstable outcome of a repeated game.

C. An outcome that is stable only because of credible threats.

D. An outcome which both competitors see as optimal, given the strategy of their rival.

Answer:

D. An outcome which both competitors see as optimal, given the strategy of their rival.

Explanation:

Although Nash equilibrium is a game theory, it has been widely applied in economics. It states that a competitor can achieve his desired outcome by sticking to his original strategy. Both competitors' strategies are optimal when considering the decisions of each other.

8 0

2 years ago

Most Company has an opportunity to invest in one of two new projects. Project Y requires a $350,000 investment for new machinery

vekshin1

Answer:

Most Company

Project Y Project Z

1. Annual expected net cash flows $140,500 $151,347

2. Payback period 2.5 years 2.3 years

3. Accounting rate of return 15.3% 9.9%

4. Net present value, using 9% $105,220 $33,059

Explanation:

a) Data and Calculations:

Project Y Project Z

Initial investment costs $350,000 $350,000

Useful life of project 4 years 3 years

Salvage value $0 $0

Annual depreciation $87,500 $116,667

Sales $390,000 $312,000

Expenses

Direct materials 54,600 39,000

Direct labor 78,000 46,800

Overhead including depreciation 140,400 140,400

Selling and administrative expenses 28,000 28,000

Total expenses 301,000 254,200

Pretax income 89,000 57,800

Income taxes (40%) 35,600 23,120

Net income $53,400 $34,680

Accounting rate of return 15.3% 9.9%

= Net income/Initial investment cost * 100

Annual Cash inflows:

Net income $53,400 $34,680

Annual depreciation 87,500 116,667

Annual expected net cash flows $140,500 $151,347

PV annuity factor at 9% for 4 years 3.240 2.531

PV of annual cash inflows $455,220 $383,059

Net Present Value = (Initial investment - PV of annual cash flows)

NPV = $105,220 $33,059

Payback period = Initial investment cost/Annual cash inflow

6 0

2 years ago

Assuming purchase costs are declining and a periodic inventory system is used, determine the statements below which correctly de

Gnesinka [82]

Answer:

A. In a situation where prices are declining, companies using LIFO will report the smallest cost of goods sold.

- This is because LIFO calculates goods sold as Last in, First Out. And since the cost is declining, the last in inventory will have the smallest cost of goods sold.

C. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold.

- Whether the cost of goods are rising or falling, this will always be the case.

D. Companies using LIFO will pay higher taxes than companies using FIFO, assuming all else being equal.

- This is because when using LIFO in this scenario, higher profits would be recorded and the tax is paid on profit, thus higher taxes.

F. Companies using LIFO will report the highest ending inventory on their balance sheets (as compared to companies using FIFO or weighted average,)

- This is simply because in this scenario, the LIFO sold the cheaper goods first leaving an ending inventory of the relatively expensive goods unlike FIFO which would have sold the expensive first. Again, emphasis on this scenario of declining cost.

8 0

2 years ago