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Oksi-84 [34.3K]
3 years ago
14

During the current year, Rulon’s toilet overflowed due to a pipe breaking during a nationally declared earthquake disaster. Rulo

n was at work when the earthquake hit, and by the time he returned, the water had flooded the basement, causing damage to the carpet, walls, and ceiling. The cost of repairing the damage was $9,000. Rulon has homeowners insurance that will cover half of the damage. However, because he has already had claims this year, Rulon does not want to report the incident to his insurance company for fear of a large increase in insurance rates. Instead, Rulon wants to deduct the loss a casualty loss on his tax return. His AGI for this year is $50,000, and he has other itemized deductions of $6,000. Rulon is single. What amount of the casualty loss may he deduct?
Business
1 answer:
sashaice [31]3 years ago
7 0

Answer:

Since half of his loss would be covered by insurance and he is not filing an insurance claim, he cannot take half of the loss.

For the half he can take, 4500, he must reduce it by 100 and then by 10% of his AGI. 4,500 - 100 - 5,000 = less than zero.

So he cannot deduct any of the loss.

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Which of the following is an analytical tool used in six-sigma quality improvement programs? A. LeadershipB. Pareto ChartsC. Man
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Answer: Pareto charts

Explanation: Pareto chart is a tool common to all quality efforts which includes six sigma also. A pareto chart contains both bars and lines. In such a graph the individual values are presented in form of bar and the final value depicting the cumulative total is represented by the lines.

    Six sigma is a tool used by management to identify and remove the defects from a process thus making it more effective.

Hence, from the above we can conclude that right answer to this problem is Pareto charts.

7 0
3 years ago
The acts of receiving shipments, breaking down shipments, repackaging shipments, and distributing components to a manufacturing
ehidna [41]

Answer: Cross docking

Explanation:

The cross docking is one of the logistics procedure in which the various types of goods and the services are directly distributed from supplier to the consumers.

The main aim of the cross docking process is that it helps in increase the efficiency in the supply chain and it is used for handling the inventory system.

It is the process in which the the shipment are received, repacking of the shipments and then it is supply to the customers by the distribution center.

Therefore, Cross docking is the correct answer.  

6 0
3 years ago
James hires Franco for a painting job. Their contract explicitly states that Franco's employment can be terminated if he is empl
den301095 [7]

Answer:

Condition subsequent.

Explanation:

This is rampant on agreement that deal with contracts as it is seen to be a situation that terminates a previously valid contract. Closely related legal concepts in cases of this kind are treated as conditions precedent and conditions concurrent. A condition subsequent in certain contracts are known to trigger the termination of the agreement of the said contract and also eliminates rights and obligations in the ends of the two parties. It is seen also in cases that when it occurs, it terminates any duty to perform and can also terminate rights and interests that were present under the terms of the contract.

5 0
3 years ago
Steve Wilson wants to deposit $150 per month into an account earning 4 percent for the next 3 years, so he can purchase a used c
Lelu [443]

Answer:

E

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Future value of an annuity is a method used to calculate the value of a recurring payments in the future.It involves the principal payment , a specific timeline and also interest or discount rate.

Assuming the rate of discount or interest do not change , it can help to accurately predict the value of a future payment or saving.

The interest or discount rate is factored into the present value of the annuity in order to derive the future value.

5 0
3 years ago
Suppose a farmer in georgia begins to grow peaches. he uses​ $1,000,000 in savings to purchase​ land, he rents equipment for ​$
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<span>If a farmer in georgia who grows peaches has an initial investment in his business of -$1,000,000 and a rental equipment fee of -$100,000 and wages of -$100,000, in one year he spends $1,200,000 in business. In returns he makes $150,000 baskets of peaches which sell for $4 a basket which makes him $600,000 a year. He nets a loss of $600,000 in a year ($-1,200,000+$600,000) If the interest rate on his savings, had he invested that $1,000,000 he would have had $1,040,000 by the end of the year in his investment account. If you add that to his shoe sales income of $45,000 he would have had $1,095,000 by the end of the first year. If he would have sold shoes instead of growing peaches he would have $1,695,000 more dollars by the end of the first year.</span>
5 0
3 years ago
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