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AveGali [126]
3 years ago
8

Hector discovered that there was an error on his 2019 Form 1040 which was filed electronically from your office. He would like t

o amend the form and claim an additional refund as quickly as possible. Which of the following procedures should be used? Prepare a Form 1040-X and_____________.A. Mail to the IRS using an overnight service.B. Instruct Hector to hand deliver it to the local IRS office.C. File it electronically.D. Mail as usual.
Business
1 answer:
Soloha48 [4]3 years ago
6 0

Answer: File it electronically

Explanation:

Form 1040 is an Internal Service Revenue tax form that is utlized for the returns of the personal federal income tax that are filed by the residents of the United States.

Form 1040 calculates the taxpayer's total taxable income and then determines the amount that'll be paid or the amount that the government would refund.

Based on the information given, the procedures that should be used would be to prepare a Form 1040-X and then file it electronically so that Hector can make his claim.

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What are the functions of depository​ institutions? The functions of depository institutions include​ _______.
Yuri [45]

Answer: Creating liquidity

Explanation:

Depository institutions includes commercial banks, credit unions, savings and loans. Depository institutions receive money from the depositors and lend out to their borrowers.

The primary function of the depository institutions is to create liquidity by making credit available to borrowers in the form of loans. Depository institutions also receive deposits from their customers in exchange for interest and then use them to create loans for people.

3 0
3 years ago
an organization that seeks to operate efficiently and effectively to achieve its goals without focusing on profit as a motive
Likurg_2 [28]

Answer: A non profit organization

Explanation: A non profit organization is an establishment created to perform efficiently and effectively, without necessarily making profit as its aim.

They most times function in the area of humanitarian needs, health and medicine, financially empowering the unemployed in communities.

The non profit organization are most times sponsored by government of nations, international bodies ( such as UN, WHO, UNESCO).

6 0
3 years ago
lpha Moose Transporters has a current stock price of $33.35 per share, and is expected to pay a per-share dividend of $1.36 at t
kirza4 [7]

Answer:

13.86%

Explanation:

Calculation to determine the flotation-adjusted (net) cost of its new common stock

Using this formula

Cost of new common stock(re) = [d1 / stock price (1-flotation cost)] +g

Let plug in the formula

Cost of new common stock(re)= [$1.36 / 33.35 (1 – 0.065)]+0.094

Cost of new common stock(re)= [$1.36 / 33.35 (0.935)]+0.094

Cost of new common stock(re)= [$1.36/31.182)+0.094

Cost of new common stock(re)=0.04361+0.094

Cost of new common stock(re)=0.1376*100

Cost of new common stock(re)=13.76%

Therefore the flotation-adjusted (net) cost of its new common stock will be 13.76%

5 0
2 years ago
If you expect the price of gold to increase in the near​ future, your demand for gold today will increase.A. TrueB. False
9966 [12]

Answer:

A. True

Explanation:

Gold is a valuable commodity acquired for various reasons.  In economists, gold is as a store of value and an investment tool. Gold is traded in the financial markets like other valuable metals such as silver and copper.

If investors anticipate the price of gold to rise in the near future, demand for gold will increase. Gold will be bought as an investment asset for speculative purposes. Traders will buy gold and the current prices and wait to sell when the prices rise. Investors take advantage of price movement to make profits.

5 0
3 years ago
Suppose that a firm's production function is given by Q = KL(MPK = L and MPL = K), where Q is the quantity of output, K is units
Lelechka [254]

Answer:

Please find the detailed answer as follows:

Explanation:

Q = KL

Wage = 30

Rent or price per unit of capital = 20

a) A firm minimizes its cost at the point where marginal rate of technical substitution is equal to the ratio of the prices of inputs.

So, marginal rate of technical substitution = marginal product of labor / marginal product of capital = wage / rent

K / L = 30 / 20

K / L = 1.5

K = 1.5L

Q = KL

Putting the value of Q = 600 and K = 1.5L in the above equation,

600 = 1.5L x L

600 = 1.5L2

L2 = 600/1.5 = 400

L = 20 is the answer.

K = 1.5L

K = 1.5 x 20 = 30 is the answer.

So, 20 units of labor and 30 units of capital should be used by firm to minimize the cost of producing 600 units of output.

b)

A firm minimizes its cost at the point where marginal rate of technical substitution is equal to the ratio of the prices of inputs.

So, marginal rate of technical substitution = marginal product of labor / marginal product of capital = wage / rent

K / L = 30 / 20

K / L = 1.5

K = 1.5L

Q = 1.23KL

Putting the value of Q = 600 and K = 1.5L in the above equation,

600 = 1.23 x 1.5L x L

L2 = 600 / (1.23 x 1.5)

L2 = 325.2

L = 18 approximately or rounded off.

K = 1.5L

K = 1.5 x 18 = 27

Total cost = (wage x units of labor used) + (rent x units of capital used)

= (30 x 18) + (20 x 27)

= 540 + 540 = 1080 is the answer.

8 0
3 years ago
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