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2 years ago

What is a tax refund?

Business

1 answer:

Tatiana [17]2 years ago

8 0

Answer:

A tax refund is essentially a payment to the taxpayer when the taxpayer pays more tax than they owe.

Explanation:

May I have brainliest please? :)

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An insurance policy sells for $1200. Based on past data, an average of 1 in 100 policyholders will file a $10 comma 000 clai

Tanzania [10]

Answer:

Expected Value = $740

Expected profit = $22.2m

Explanation:

We can easily calculate the expected value and expected profit/loss in this situation by some minor working

Expected values = Expected Claim - per policy cost

Expected profit/loss = (Expected claim - per policy cost) x number of policies

As you can see per policy cost and no of policies are given in the question data we just need to find expected claim for calculation of expected profit or loss and expected value

Expected Claim = (1/100x$10,000)+(1/250x$40,000)+(1/400x$80,000)

Expected Claim = 100 + 160 + 200

Expected Claim = 460

Now we have a value of expected claim lets put it into Expected profit/loss formula and expected value formula

Expected value = 460-1200

Expected value = -740

-$740 is the value per policy

Expected profit/loss = (460 - $1200 per policy) x 30,000

Expected profit or loss = -22,200,000

Expected loss to the customer = -$22.2 m

Expected profit for the company = $22.2m

3 0

3 years ago

When Julia was young, she and her mother would have a girls' night out every month. They would go shopping, watch a movie, and h

Irina-Kira [14]

Answer:

The correct answer is letter "B": episodic memory.

Explanation:

Episodic memory stores unique specific personal experiences. The perception of this event is different from each individual who experienced it. Episodic memory relates factors such as emotions, objects or places at the time the experience is remembered by the individual.

7 0

3 years ago

Each of the following items must be considered in preparing a statement of cash flows. Indicate where each item is to be reporte

Mashcka [7]

Answer:

(a) Operating activity

(b) Financing activity

(c) Operating activity

(d) Investing activity

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.

So,

(a) Increase in accounts receivable come under the operating activities, and this is to be in a negative amount

(b) Issue of preference shares comes under financing activity, and this is added while computing the financing activities

(c) The depreciation expenses are added in the net income whereas the bond premium amortization is to be deducted from the net income. These both items have come under operating activities

(d) An increase in land value comes under the investing activity.

4 0

3 years ago

Both the Government and the contractor have the option of going to court to resolve disputes between them. True False

julia-pushkina [17]

Answer:

True

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

A contractor can be defined as a self employed individual or business entity that provides services or work for another for an agreed fee.

This ultimately implies that, a contractor is a non-employee of the organization he provides services or work for. Some examples of a contractor are consultants, engineers, lawyers, accountants, auditors, doctors etc.

Basically, the government of a country usually employs the services of contractors for the execution of public projects and works.

Hence, both the Government and the contractor have the option of going to court to resolve disputes between them.

7 0

3 years ago

Beta industries manufactures floppy disk that consumers perceive as identical to those produced by numerous other manufacturers.

serious [3.7K]

Answer:

a. Fixed costs for businesses are the ones that don't depend on Q. Fixed costs= 20

b, thus. dC / dQ= d(20 + 2Q^2)/dQ= 4Q

c. Many companies say the economy competes perfectly. For such a scenario, the company is a price-taker and would demand the same $10 price as other firms on the market to sell its products.

d. Most companies expect a reasonably open market. Hence, MR= $10 in size.

Max profit: MC= MR, then 4Q= 10= > Q= 10/4= 2.5 Optimum production level to optimize profits= 2.5 units e. Profits= Sales-Expenses= price* Q-( 20+ 2Q^2)= 10* 2.5-20-2* (2.5)^2= 25-32.5 = -7.5 Profits are thus-$ 7.5 ($7.5 loss).

f. The organization will continue to survive in the short term because $7.5 losses are smaller than the $20 fixed expense. In other words, the company can pay more than its rising output expenses, and will thus continue to work in the short run.

8 0

3 years ago