1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elan Coil [88]
3 years ago
7

This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, th

e company awarded Ed a gold watch worth $105 and a $2,490 cash bonus. What amount must Ed include in his gross income?
Business
1 answer:
Crank3 years ago
4 0

Answer:

$2,490

Explanation:

Based on the information given we were told that in order for the company to recognize his long as well as loyal service they awarded Ed a gold watch worth the amount of $105 which as well include the amount of $2,490 as cash bonus which means that the amount that Ed must include in his gross income will be the cash bonus amount of $2,490.

Therefore the amount that Ed must include in his gross income is $2,490

You might be interested in
The Besnier Company had $250 million of sales last year, and it had $75 million of fixed assets that were being operated at 80%
Elina [12.6K]

Answer:

$312.5 million

Explanation:

Given that,

Besnier Company's sales last year = $250 million

Fixed assets last year = $75 million

Previous operating capacity of fixed assets = 80%

Sales at full capacity:

= Previous sales ÷ Previous Capacity

= $250 million ÷ 80%

= $312.5 million

Therefore, if the company had operated at full capacity then the sales could have been $312.5 million.

7 0
3 years ago
1) Decide whether you would expect relationship between the following pairs of dependent and independent variables (respectively
kvasek [131]

Answer:

(a) GDP is a dependent variable and aggregate net investment is a independent variable. There is a positive relationship between the variables which means that an increase in the net investment will lead to increase GDP.

(b) There is a negative relationship between the variables which means that as the supply of wheat increases, as a result price of wheat falls. So, as the number of acres of wheat planted in a season  increases as a result price of wheat decline.

(c) There is a negative relationship between the variables which means that an increase in the interest rate in an economy will lead to increase the cost of borrowings and hence, net investment falls.

(d) There is a negative relationship between the variables because of the law of demand. It states that an increase in the price of a commodity will lead to reduce the quantity demanded for that commodity.

(e) There is no relationship between these variables. Both the variables are totally uncorrelated.

4 0
3 years ago
Job control unionism seeks to achieve all of the following except:A. Increase employee participation and decrease managerial con
Tasya [4]

Answer:

A. Increase employee participation and decrease managerial control.

Explanation:

Unions are basically the key to decrease managerial control as much as possible and increase the power wielded by the workers.

5 0
4 years ago
American Idle sells hammocks in a perfectly competitive market. This year, the price of hammocks has fallen to $24, and Simon Co
AfilCa [17]

Answer:

Shut down as P < AVC.

Explanation:

Given that,

Selling price = $24

Average variable cost = $25

Average total cost (ATC) = $30

Marginal cost = $24

He should shut down because the price received by him for the product is less than average variable cost. He should shut down its operations because he won't be able cover the average variable cost associated with the production of the product.

Price = $24 which is less than average variable cost of $25.

If he will be able to cover its variable cost then he will continue operating in this market condition.

3 0
3 years ago
Copper Conduit, Inc., and Dependable Electric Company sign an agreement that provides for the payment of "$1,000 by whichever pa
MArishka [77]

Answer:

A) ​a liquidated damages clause.

Explanation:

In contract law, a liquidated damages clause establishes a specified amount of money set as damages in case any of the parties involved breach a contract.

The specified amount of money should be an estimate of the damages that a breach in the contract would cause.

7 0
3 years ago
Other questions:
  • An enterprise resource planning (ERP) system is: a. a collection of integrated software for every functional area within an orga
    11·2 answers
  • It is important when you first start using social media to create a trial because?
    7·1 answer
  • As you read through the draft of your message, you consider whether parts of your message should be rearranged to make your poin
    15·1 answer
  • When the sponsor-investigator holds the ind for an investigational drug he or she is responsible for annual reporting of which o
    13·1 answer
  • A decline in interest rates is expected to __________.
    13·2 answers
  • All else being equal, a marketing channel that has a high cost per exposure will have a ________ return on investment.
    9·1 answer
  • The following units of an inventory item were available for sale during the year: Beginning inventory 11 units at $51 First purc
    12·1 answer
  • Zachary Airlines is a small airline that occasionally carries overload shipments for the overnight delivery company Never-Fail,
    8·1 answer
  • You will have $____ in six years if you set aside $5,000 at 8%. (use the future value tables from chapter 5.)
    5·1 answer
  • Sally is buying a home and the closing date is set for april 20th. the annual property taxes are $1234.00 and have not been paid
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!