All of the above. Hope this helped
Answer:
d. Yes, the offeror must be a merchant, pursuant to the UCC definition of merchant.
Explanation:
The Uniform Commercial Code (UCC) establishes that firm offers can only be made by merchants. They also apply only to the sale of goods, but the baseball card is a type of good.
The problem is that Debbie is not probably a merchant. In order for her to be considered a merchant, she would need to be in the business of buying and selling baseball cards on a regular basis.
Answer:
- B. The former program trustee argues that the current inflation measure overcompensates seniors since it ignores the substitution effect.
- C. According to advocates for seniors, the 2020 COLA is not enough to compensate for rising healthcare costs.
- D. Elizabeth Warren has proposed using a new inflation measure that outpaces the current one used.
Explanation:
The article is, ''<em>Social Security checks to rise modestly amid push to expand benefits
'' </em>by<em> Associated Press. </em>
Blahous is a former program trustee who believes that the current inflation adjustment rate at which Social security is increasing is overcompensating seniors because it does not take into account that seniors could be switching to buying cheaper products which is the Substitution effect.
Advocates and the seniors themselves have complained that the 2020 COLA is not enough to meet their current needs especially given the rising cost of healthcare.
Elizabeth Warren and Bernie Sanders both proposed using a new measure for inflation that will adequately compensate the seniors because it outpaces the current one used.
Answer:
The answer is: $18,289.50
Explanation:
The interest earned from the investment in Birmingham Bonds is not included in Mitch's gross income.
If Mitch earned $100,000, so he will fall under the fourth bracket for single filers.
He will have to pay $14,089.50 plus 24% of any income over $82,500.
taxes due = $14,089.50 + [($100,000 - $82,500) x 24%]
taxes due = $14,089.50 + $4,200 = $18,289.50
Answer:
The company needs to borrow $25000 and option B is the correct answer.
Explanation:
If the ending amount of cash for the year is less than the desired ending balance, then the company will need to borrow to maintain the desired level of cash balance.
To calculate the amount needed to be borrowed, we first compute the ending cash balance for December. The ending cash balance will be,
Closing Balance = Opening Balance + Receipts - Payments
Closing Balance - December = 14000 + 127000 - 126000
Closing Balance - December = $15000
The difference between the closing cash balance and the desired closing cash balance is the amount that the firm will need to borrow.
Amount need to be borrowed = 40000 - 15000 = $25000
