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Papessa [141]
3 years ago
14

Raymond’s grandfather recently passed away. He left Raymond $1,000,000 in his will. Raymond’s lawyer tells him not to spend all

$1,000,000 because he will owe some of it to the government. Why is this MOST likely true?
A. Raymond will have to pay inheritance tax.


B. Raymond will have to pay real estate property tax.


C. Raymond will have to pay excise tax.


D. Raymond will have to pay estate tax.
Business
1 answer:
djverab [1.8K]3 years ago
5 0

im pretty sure its A

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Mini-CaseSparky Weyer, president and CEO of Minimotors, Inc., a growing manufacturer of small (some of them downright tiny) elec
dangina [55]

Answer:

<u>C. materials requirement planning (MRP).</u>

Explanation:

It is noteworthy that throughout the discourse of Sparky Weyer, president and CEO of Minimotors, Inc. he mentions the company's material needs inorder to increase their production.

At a point he mentions that the suppliers need detailed information about when parts are needed by the company for its new machinery. Thus this is a good example of material requirement planning.

4 0
3 years ago
Regardless of whether you are looking through the microeconomics microscope or the macroeconomics telescope, the fundamental sub
VARVARA [1.3K]

Answer:

Regardless of whether you are looking through the microeconomics microscope or the macroeconomics telescope, the fundamental subject material of the interconnected economy does not change.

Explanation:

Yes, regardless of whether we are looking through the microeconomics microscope or the macroeconomics telescope, the fundamental subject material of the interconnected economy does not change. Because there is very strong interlink between the elements of an economy and there are interlinked quite perfectly as well. As we have two main parts of an economy which are organisations and households, which have coordination in three different types of markets which are goods and services, labor and financial market. Organisations sell their products to the households. Money taken from household is taken by firms. Organisation needs to have people in order to make their products so the money flows to the labor market simultaneously as well. Organisations put their savings and profits whit the financial institutions and in this way money flows and all of these factors are interlinked with one another.

4 0
3 years ago
Oriole Company purchased equipment for $41600. Sales tax on the purchase was $2496. Other costs incurred were freight charges of
Aleksandr [31]

Answer:

The cost of the equipment is <u>$45,416</u>.

Explanation:

The cost of a newly purchased equipment is the addition of all relevant costs uncured in order to make the equipment ready for use.

The cost of the equipment includes costs such as purchase price, tax paid on the purchase, installation costs, etc.

However, any cost incurred to repair any damage to an equipment during installation is not part of equipment cost. Such repair costs are just ordinary expenses that are charged to the income statement during the period.

Based on the explanation above, the cost of the equipment by Oriole Company can be calculated as follows:

Equipment cost = Purchase price + Sales tax + Freight charges + Installation costs ..................... (1)

Since,

Purchase price = $41,600

Sales tax on the purchase = $2.496.

Freight charges = $624

Installation costs = $696.

Substituting the values into equation (1), we have:

Equipment cost = $41,600 + $2,496 + $624 + $696 = $45,416

Therefore, the cost of the equipment is <u>$45,416</u>.

5 0
3 years ago
If a plant has an effective capacity of 6 comma 500 and an efficiency of 80​%, then its actual​ (planned) output​ = nothing unit
grin007 [14]

Answer:

5,200 units.

Explanation:

The actual capacity is the capacity planned while planning and building the plant. However, the plant is rarely able to operate at 100% capacity (usually due to safety measures) and it operates at an effective capacity, which should be considered when determining output. Given the effective capacity and the efficiency, the output (O) is:

O=C_E*E=6,500*0.8\\O=5,200\ units

The planned output is 5,200 units.

5 0
3 years ago
Crane Co. leased equipment to Riggs Company on May 1, 2021. At that time the collectibility of the lease payments was not probab
9966 [12]

Answer:

$ 661,000

Explanation:

Solution

Given that:

Since the lease meets none of the capital lease categorization criteria ,The lease is an called a lease that is operating and  the asset  will stay in books of lessor

Lease revenue                               $1524000

less:

Maintenance               $123000

Depreciation              $740000     $863000

Income before taxes                      $661000

Therefore, The amount of expense incurred by Riggs from this lease for the year ended December 31, 2021 is $ 661,000

3 0
3 years ago
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