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geniusboy [140]
3 years ago
15

Mary suffers $25,000 in uninsured losses in 2019 when her house burns down while she was on vacation. This loss was not due to a

Federally declared disaster, therefore Mary can deduct what amount of the casualty losses relating to her home on her Federal income tax return
Business
1 answer:
galina1969 [7]3 years ago
5 0

Answer:

$0

Explanation:

The Tax Cuts and Jobs Act eliminated the possibility of deducting casualty losses if they were not caused by federally declared natural disasters. The only way Mary could deduct the $25,000 loss is that she had some type of casualty gain during the year that is offset by this loss. Casualty gains result when a person receives more money from an insurance company due to an event, e.g. fire, than the basis of the property. But in this case, there is no prior casualty gain, so the casualty loss cannot be deducted.

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The Mary Company primarily sells dishes, and recently purchased a cardboard box company. Mary's new cardboard box division has n
fgiga [73]

Answer: $1.50

Explanation:

Based on the information given in the question, we are informed that the variable cost of each box is $1.50 and usually has a contribution margin of $0.80 per box.

We should note that the minimum transfer price that the box division should find as acceptable will be the relevant cost. In this case, the relevant cost is given as $1.50 pee box and therefore, the minimum transfer price will be $1.50.

8 0
3 years ago
The management of Omega Manufacturing is implementing a plan to minimize production mistakes by allowing teams that work in each
Whitepunk [10]

Answer: Quality control

 

Explanation: Quality control refers to the process under which an organisation tries to keep the quality of their goods produced as per the market standards. This process is used to keep the customer base rigid and stable or to decrease the production cost by rectifying the errors.

     In the given case, omega is planning to minimize production mistakes by making each department monitoring their performance.

Thus, we can conclude that managers are engaged in quality control.

7 0
4 years ago
The expectancy theory proposes that ________. extrinsic rewards will reduce intrinsic interest in a task employees can view work
Citrus2011 [14]

Answer: The strength of a tendency to act in a certain way depends on the strength of our expectation of a given outcome and its attractiveness

Explanation:

The Expectancy Theory defines the efforts of individuals at work. It suggests that people only work as hard as they think is needed for them to get a certain reward or benefit. This is why when there is just a basic salary, employees are not very hard-working but if a car is thrown in as a bonus for the employee of the year, they really put in work.

It therefore shows that the strength to act in a certain way is based on how an individual believes they will be compensated and if that compensation is worth it.

3 0
3 years ago
Bob has a $50,000 stock portfolio with a beta of 1.2, an expected return of 10.8%, and a standard deviation of 25%. Becky also h
4vir4ik [10]

Answer:

Combined Beta =  1

Combined return = 10%

Explanation:

given data

stock portfolio = $50,000

beta = 1.2

expected return = 10.8%

beta = 0.8

expected return = 9.2%

standard deviation = 25%

to find out

combination

solution

we get here first Combined Beta that is express as

Combined Beta = 1.2 × 50% + 0.8 × 50%

Combined Beta =  1

and

Combined return will be here

Combined return = 10.8 × 50% + 9.2 × 50%

Combined return = 10%

5 0
4 years ago
Variable costs change with Group of answer choices changes in target return pricing. changes in fixed costs. changes in the quan
kumpel [21]

Answer:

changes in the quantity being produced.

Explanation:

There are primarily two types of costs, i.e. variable costs and fixed costs. The variable cost is the cost that varies when the level of production changes while the fixed cost is the cost that remains unchanged whether or not the level of production changes

So, indirect material, indirect labor, and factory supplies are included in the variable cost, and the fixed cost includes supervision, taxes, and depreciation costs.

7 0
3 years ago
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