Ms. Poppe is taxable for two gifts which are $50,000 cash to Yale university and 5,000 acres of land to her brother.
Are gifts taxed in the US?The annual gift tax exclusion is the initial way of tax-free gifting. The exclusion threshold is $15,000 per beneficiary in 2021 and $16,000 in 2022. Without incurring any estate or gift taxes, you are permitted to give any individual up to $15,000 in cash and other assets each year.Ms. Poppe gifted $6,300 to her niece which is a non-taxable gift as the cash is less than $16,000.Therefore, Ms. Poppe is taxable for two gifts which are $50,000 cash to Yale university and 5,000 acres of land to her brother.
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t the _____ level of relationship marketing, a firm uses pricing incentives to encourage customers to continue doing business with it. Group of answer choices financial customization
At the Financial level of relationship marketing, a firm uses pricing incentives to encourage customers to continue doing business with it.
What is relationship marketing?
Relationship marketing is a component of customer relationship marketing (CRM) that prioritises long-term engagement and client loyalty over short-term objectives like customer acquisition and individual sales.
You can incorporate the following relationship marketing strategy examples into your strategy: simplify the checkout procedure on your website (and other customer actions, like the onboarding experience) Construct loyalty reward schemes. Inquire about and pay close attention to client feedback and demands.
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Question 3 Brittany provides in-home hairstyling services to her clients and collects payment from them at the time of service. What type of transaction in QuickBooks Online allows her to record the sale and the payment on a single screen
Brittany provides in-home hairstyling services to her clients and collects payment from them at the time of service. A transaction in QuickBooks Online allows her to record the sale and the payment on a single screen is known as sales receipt.
A sales receipt is a record of the transaction that the seller provides to the customer at the time of the sale to confirm the goods or services were given and the price was paid. Sales receipts are frequently required by you for inventory management and tax calculation, while your clients can use them for reimbursement or accounting needs.
Writing digital receipts is quicker than writing paper ones, and it also conserves trees and ink. With Acrobat Sign, you can track papers, ask for e-signatures, send receipts to multiple recipients, and combine it with a variety of sales tools.
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Scenario: Denise is 24 and living on her own. She has a job cleaning hotel rooms. She makes about $485 a week. Her monthly rent is $432. She has a car payment of $102 a month. She also has student loans from her community college with a payment of $85 a month. She has made some of her loan payments on time and missed some of her loan payments. She has two credit cards. One is maxed out with a credit limit of $5,000. The other card has a $2,800 limit with a balance of $1000.
Denise is considering going back to school to become an LPN which would double her income. The program costs $12,000. She qualified for a loan to cover the cost of the program. However, the loan will not cover living expenses while she’s in the program.
Calculate Denise's Total Monthly Income.
The monthly income of Denise after she decides to go back to school to become an LPN will be $3880.
What is monthly income?The amount of money earned or made by an individual under employment or engaged in business activities is known as the total monthly income of such individual.
Using the given information, it can be said that the salary of Denise will become $970 a week after she becomes an LPN. So, her monthly income will be 970 × 4 = $3880.
Hence, the monthly income of Denise after she becomes an LPN is aforementioned.
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HELPPP
A computer is considered an asset because it:
OA. has social value.
B. can be used to learn something.
C. can be easily transported.
D. was imported.
Answer:
b. can be use to learn something
Which resource is focused on preparing students for careers and technical work as well as for community leadership
The resource that focused on preparing students for careers and technical work as well as for community leadership is: C. CTSO.
What is CTSO?CTSO which meaning is Career and Technical Student Organizations is an organization whose sole roles and responsibilities is to prepare students for their careers as well as technical work.
CTSO is important as it helps students to develop leadership skills.
Therefore The resource that focused on preparing students for careers and technical work as well as for community leadership is C. CTSO.
The complete question is:
Which resource is focused on preparing students for careers and technical work as well as for community leadership?
O BLS
O O*NET
O CTSO
O SBA
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In a perfectly competitive market, a. every seller tries to undercut the prices charged by its rivals. b. every seller takes the price of its product as set by market conditions. c. one seller has successfully outcompeted its rivals so no other sellers remain. d. every seller tries to distinguish itself by offering a better product than its rivals
In a perfectly competitive market, every seller takes the price of its product as set by market conditions.
What is a Perfect Competitive Market?
Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information and no transaction costs. There are a large number of producers and consumers competing with one another in this kind of environment.
Perfect competition is a market structure where many firms offer a homogeneous product. Because there is freedom of entry and exit and perfect information, firms will make normal profits and prices will be kept low by competitive pressures.
What are some examples of Perfectly Competitive Markets?3 Perfect Competition Examples
Agriculture: In this market, products are very similar. Carrots, potatoes, and grain are all generic, with many farmers producing them.Foreign Exchange Markets: In this market, traders exchange currencies.Online shopping: We may not see the internet as a distinct market.Thus, we can say that the correct option is B.
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Different creditors fighting with each other Blank______ bankruptcy costs. Multiple choice question. has no effect on increases decreases
Different creditors fighting with each other B) increase bankruptcy costs.
The person that files for bankruptcy is generally the one that pays the court submitting fee, which partially price range the courtroom device and related elements of bankruptcy cases. People who earn much less than a hundred and fifty% of the federal poverty pointers can ask to have the charge waived.
For you to avoid monetary devastation, organizations should don't forget the cost of bankruptcy while figuring out how a lot of debt to tackle, or even whether or not they should add to their debt stages at all. The cost of financial ruin may be calculated by means of multiplying the possibility of financial disaster by using its expected ordinary cost.
So, after a financial disaster discharge, the debtor is not legally required to pay any money owed which might be discharged. The release prohibits the lenders of the debtor from amassing the debts which have been discharged.
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A widget has an opportunity cost of 4 wadgets in Saudi Arabia and 2 wadgets in the United States. Given these opportunity costs, you would suggest that: Group of answer choices
You would suggest that Saudi Arabia specializes in widgets and the United States in widgets.
In microeconomic theory, the opportunity fee of a particular interest choice is the lack of fee or gain that might be incurred with the aid of engaging in that hobby, relative to conducting an alternative activity providing a better return in price or gain.
“Possibility price is the cost of the next-quality alternative while a decision is made; it is what's given up,” explains Andrea Caceres-Santamaria, senior economic schooling professional at the St. Louis Fed, in a current page One Economics: money and overlooked possibilities.
Whilst economists talk over the “possibility value” of a useful resource, they mean the price of the subsequent-maximum-valued opportunity use of that aid. If, for example, you spend money and time going to a film, you cannot spend that point at domestic reading an ebook, and you can not spend the cash on something else.
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A team of 8 to 11 volunteer employees who meet regularly to discuss and solve problems affecting their common work activities is a
A quality circle; Quality circles are based on the assumption(s) that:
The people who do the job know it better than anyone else in the management.
What is a quality circle?
The term "Quality Circle" refers to a group of people who regularly get together to talk about issues at work. The quality circles are typically intimate get-togethers facilitated by the manager or supervisor who brings the management the alternatives.
Objectives of a quality circle:
To contribute towards the development of the management.To create a healthy work environment such that employees find the place worthwhile to workTo explore the hidden potential of the individuals and drawing out the infinite possibilities.To improve the product quality and the productivity of the organization.To improve the team skills, capabilities, confidence and creativity through education, training, and participation of volunteers in the circlesLearn more about Quality Circle here:
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Data related to the inventories of Costco Medical Supply are presented below: Surgical Surgical Rehab Rehab Equipment Supplies Equipment Supplies Selling price $ 260 $ 100 $ 340 $ 165 Cost 170 90 250 162 Costs to sell 30 15 25 10 In applying the lower of cost or net realizable value rule, the inventory of rehab equipment would be valued at:
The correct option is $85
Costco Medical Supply's inventory:
Surgical Eq - Surgical Supp - Rehab Eq - Rehab Supp
Selling price $260 $100 $340 $165
Cost $170 $90 $250 $162
Costs to sell $30 $15 $25 $10
If we apply the net realizable value rule, the value of surgical supplies would be:
NRV = $100 = $15 = $85
The NRV is also the lower of cost since $85 < $90.
What is meant by NRV?Net realizable value (NRV) is is a common method used to evaluate an asset's value for inventory accounting. It is found by determining the expected selling price of an asset and all the costs associated with the eventual sale of the asset, and then calculating the difference between these two.
NRV = Expected selling price - Total production and selling costs.
I understand that the question you are looking for is :
In applying the lower of cost or net realizable value rule, the inventory of rehab equipment would be valued at:
Multiple Choice $75. $90. $85.
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A _____ is an experienced person who provides guidance to someone new to the workplace.
Once a customer account has been opened at a broker-dealer, rules require that updating information on the account record occur no less frequently than once every A) 36 months. B) year. C) other year. D) quarter.
The correct option is A) 36 months.
Once a customer account has been opened at a broker-dealer, rules require that updating information on the account record occur no less frequently than once every 36 months.
Your customers' billing data, including their company and contact details, payment terms, and preferred payment options, may all be managed in one place, called a customer account.
A financial organization known as a broker-dealer engages in the trading of securities on behalf of customers but may also trade on its own behalf. When a broker-dealer performs deals on behalf of its clients, it is functioning as a broker or agent; but, when it trades for its own account, it is acting as a dealer or principal.
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A product sells for $275 per unit, and its variable costs are 68% of sales. The fixed costs are $345,600. What is the break-even point in sales dollars
Ratio of contribution margin = ($275 - $187)/$275 = 32%
Break-even point in sales dollars = $345,600/0.32 = $1,080,000.
What is Break-even point?
The amount (total sales revenue) or output level (total units produced) at which a business has recouped all variable and fixed costs is known as the break-even point.
As a result of Total Cost Equals Total Revenue, there is no profit or loss at break-even.How do you determine the break-even point in sales volume?Three values must be known in order to calculate a company's breakeven threshold in sales volume:
a fixed price: Rent is one example of a cost that is not related to sales volume.varying expenses costs, such as the price of producing the good, that are based on sales volumePrice at which the product is sold.learn more about breakeven point at: https://brainly.in/question/31484328?msp_srt_exp=6&referrer=searchResults
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True or false: According to the textbook there are no easy answers to macro policy problems and one must blend both Keynesian and Classical insights to come to reasonable answers about macro policy.
True.
Both the classical economists and keynesian economists had effective conclusions based on their assumptions it is true to say about macroeconomic policy
What does Keynes say:
Keynesian economics is a macroeconomic theory of all out spending in the economy and its impacts on result, work, and inflation. In view of his hypothesis, Keynes pushed for expanded government expenditures and lower taxes to control demand and haul the worldwide economy out of the depression
What does classical economist say:
The classical macroeconomic structure is built upon the writings of famous
classical economists like Adam Smith, David Ricardo, J.B. Say, T.R. Malthus,
A.C. Pigou, Irving Fisher etc. Classical economists considered full employment, wage-price flexibility, absence of money illusion, etc.
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The following strategy(ies) could be used to sustain the value provided by an organization: Group of answer choices Run Strategy Block Strategy Team-up Strategy Any one or more of the above strategies could be used.
All three strategies, Run Strategy, Block Strategy, and Team-up Strategy could be used to sustain the value provided by an organization.
Technology and IP StrategyThe "block" strategy calls for great thought to go into the IP that will be produced, how it will be safeguarded, and then zealous enforcement. The company must be ready psychologically and financially to implement an intellectual property strategy methodically and with the necessary aggressivity after carefully planning it out in advance (and all the while adapting to the changing environment).The "run" method necessitates that the business is set up to move quickly from concepts to product development and out the door to customers. There is frequently minimal effort spent developing an IP strategy, and because there are more goods, there is less internal motivation to enforce or defend all IP.The "team-up" strategy depends on having distinctive qualities that appeal to the partner organization.To learn more about the IP strategy refer to:
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Bank's Balance Sheet
Assets Liabilities and Owners' Equity
Reserves $200 Deposits $1,600
Loans $800 Debt $250
Securities $1,000 Capital (owners' equity) $150
Suppose a new customer adds $100 to his account at Northeastern Mutual Bank, which the owners of the bank then use to make $100 worth of new loans. This would increase the loans account anddecrease the account.
This would also bring the leverage ratio from its initial value of to a new value of .
Which of the following is true of the capital requirement? Check all that apply.
Its intended goal is to protect the interests of those who hold equity in the bank.
It specifies a minimum leverage ratio for all banks.
The higher the percentage of assets a bank holds as loans, the higher the capital requiremen
This would increase the loans account and increase the deposits account. The initial value of 13.33 to a new value of 14. The higher the percentage of assets a bank holds as loans, the higher the capital requirement. Thus, option (c) is correct.
What is a Balance Sheet?
The balance sheet and details of reconciled transactions for each account are the two most important reports that the accountant will want.
(a) This would increase the reserves account and increase the deposits account.
(b) The bank leverage ratio refers to its Assets divided by Capital (Owner's equity).
Liabilities should match assets. Therefore, keeping both sides equal by adding $100.
= (Reserves + loans + securities)/Capital
= (200 + 800 + 1,000) / 150
initial value of 13.33
After the $100 was borrowed
= (200 + 800 + 1,000 + 100) /150
new value of 14
(c) The capital requirement increases as the proportion of an institution's assets held as loans rises. Given that loans are made from deposits, the capital requirement is intended to safeguard depositors in the event that loans are defaulted upon.
Hence, the significance of the Balance Sheet is aforementioned.
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A population growth rate of 1% means a population will double in 70 years (70/growth rate). China's growth rate is 0.65%, which means: _______.
i. The population has already begun to decrease from its peak 1.31 billion. ii. China needs to reconsider its one-child policy at the current rate, its population would double in 108 years. iii. Its population of 1.3 billion will reach 2.6 billion by 2080.
Its population would double in 108 years if things continued as they are.
What was the highest growth rate for China?From 1989 through 2022, China's GDP Annual Growth Rate average 9.09 percent, with record highs of 18.30 percent in the first quarter of 2021 and 6.80 percent in the first quarter of 2020.The real gross domestic product (GDP) growth rate in China in 2021 was almost 8.1%.Will China's growth surpass ours?According to a research released by Bloomberg Economics on Thursday, the second-largest economy in the world would only grow by 2% this year. In contrast, according to Bloomberg Economics, the US gross domestic product will grow by 2.8 percent this year.
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Which is a hospital payment monitoring program that contains hospital-specific administrative claims data for a number of CMS-identified problem areas to compare their performance with that of other hospitals
First-Look Analysis for Hospital Outlier Monitoring (FATHOM) is a hospital payment monitoring program that contains hospital-specific administrative claims data for a number of CMS-identified problem areas to compare their performance with that of other hospitals.
A Microsoft Access program called FATHOM: First-Look Analysis Tool for Hospital Outlier Monitoring enables CMS to give each State hospital-specific Medicare claims data statistics that show regions with a high payment mistake rate. These target area data act as proxies for payment mistake rates.
An observation that differs greatly from the other data in its set is considered an outlier. To find these entries, an auditor will use a variety of methods, procedures, and tools. Data mining is one such tool that the auditor might use to evaluate information.
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Which of the following statements about the accounting profession is true? Group of answer choices Accountants are typically classified as private or public accountants. Private accountants serve individuals and organizations on a fee basis. Public accountants work for local, state, and national agencies. Accountants cannot legally offer management consulting services.
All of the above statement about the accounting profession are true.
Accountants are typically classified as private or public accountants
Accountants can find employment with an accounting firm or a large company with an internal accounting department, or they can set up an individual practice.
What is Accountant Profession ?An accountant is a professional who is responsible for keeping and interpreting financial records.
Most accountants are responsible for a wide range of finance-related tasks, either for individual clients or for larger businesses and organizations employing them.An accountant is a professional who performs accounting functions such as account analysis, auditing, or financial statement analysis.Learn more about Accountants here:
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Sue can either borrow $10,\!000$ dollars for $5$ years with a simple interest of $7\%$ annually or an interest which compounds annually for $6\%$. How much more money, rounded to the nearest dollar, would she have to pay back for the more expensive interest than the less expensive interest
She would have to pay back for the more expensive interest than the less expensive interest which will be calculated in the form of simple interest and compound interest .
Simple interest
10000 x .07 = 700
700 x 5 = 3500
total 13500
Compund interest
10000(1.06)^5 = 13382.26
13500 - 13382.26 = 117.74
118 rounded
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What is the effect of an accrued expense (such as salaries expense) adjustment on the income statement and the balance sheet
A liability (such as salaries payable) will be increased. Expenses are increased is the answer.
accrued expenses are liabilities that reflect expenses that have not yet been paid or recorded in the liability during the accounting period. That is, the obligation of the company to pay for the goods and services offered for which the invoice has not yet been received.
An example of accrued expenses is when a company purchases consumables from a supplier but has not yet received an invoice for the purchase. Other types of accrued expenses include interest payments on loans, guarantees for products or services received, and taxes. All of these have been incurred or received, but no invoices have been received or paid. Employee commissions, wages and bonuses will occur during the period in which they are actually paid, although they will be paid in the next period.
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A budget system based on expected activities and their levels that enables management to plan for resources required to perform the activities is:
Answer:
A budget system based on expected activities and their levels that enables management to plan for resources required to perform the activities is: Activity-based budgeting. A budget is best described as: A formal statement of a company's future plans usually expressed in monetary terms.
GFB has created a socially conscious culture throughout the company. The first step GFB always follows in improving U.S. business ethics is
GFB has established a socially conscious culture throughout the company. The first step GFB always follows in enhancing U.S. business ethics is cultivating heightened awareness and ethical mindfulness at all organizational levels.
GFB, short for "Global Forward Brands," represents a company fostering a culture of social consciousness across its operations. With a commitment to ethical business practices, GFB prioritizes creating a positive impact on society and the environment.
By integrating responsible decision-making into its operations, GFB strives to ensure that its business practices align with the greater good.
This approach not only resonates with modern consumers who value socially responsible brands but also contributes to a more sustainable and ethically oriented business landscape.
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The standard measure of loss of bargain damages, for a total breach, would encompass the difference between the agreed contract price and the market value of the property on the date of
The damages are measured by the difference between the contract price and the market price when the seller provides the goods, or when the buyer learns of the breach.
If a party fails to either substantially or fully perform, the other party's remaining obligations, if any, under the contract are discharged.
The standard measure of compensatory damages is the difference between the value of the breaching party's promised performance under the contract and the value of her or his actual performance. This amount is reduced by any loss that the injured party has avoided.
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The internal customer base for a fire and emergency service organization is made up of employees and members of the organization while the external customer base is composed of
The external customer base of the fire and emergency service organization include members of the public.
Who are the external customer base?
An external customer base is made up of customers of a business that are not within the organisation and do not have access to non-public information.
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Darian and Ivan have been friends since college. They started a limousine rental business from scratch. They are now contemplating opening their business in Baltimore a new city for their business. They have crunched the numbers and discover it would mean adding $2 million more in expenses, and their profit would increase by $250,000 each year for the next 5 years (all other things equal). Darian and Ivan decide:_________.
a) to open in a second city because the marginal cost of the new location is low compared to other similar projects.
b) to take on the new location of Baltimore because the expected marginal benefit is greater than the estimated marginal cost.
c) to not open in a new city because the marginal costs prove to be too high.
C) To not open in a new city because the marginal costs prove to be too high.
What is inflation?
Movement, whether upward or downward, of economic activity
Monetary value of final goods and services produced within a country for a specific time period.
The rate at which the price level of goods and services rises.
A measurement used by economics to measures average prices of a market basket of consumer goods and services.
Lucille is no longer eligible for her state Medicaid program and has lost her eligibility for the D-SNP in which she is enrolled. What is her responsibility for cost sharing?
Lucille will need to be responsible for all costs including premiums, copayments, and deductibles, among others.
This program requires cost sharing, matching, or leveraging as described under. Cost-sharing is needed for studies projects to be eligible for investment through HUD's non-competitive cooperative agreement authority.
Fee-sharing reduces charges (because it saves your medical insurance organization cash) in methods. First, you're paying a part of the invoice; since you're sharing the cost along with your coverage organization, they pay less.
Individuals and families with earning as much as 250 percent of the poverty line are eligible for cost-sharing discounts if they are eligible for a top-class tax credit and buy a silver plan thru the health insurance market in their nation.
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One of the most widely used measures of financial performance is Group of answer choices share value. productivity. net profit margin. return on invested capital. net sales.
One of the most widely used measures of financial performance is return on invested capital.
Return on investment (ROIC) is a measure of return on investment that represents recurring operating profit as a percentage of a company's net operating assets. The revenue indicator used is Earnings before interest and tax or EBIT and is not affected by the capital structure.
ROIC ratio shows how well a company uses externally procured funds to generate revenue. Comparing a company's rate of return on investment with the weighted average cost of capital (WACC) shows whether the invested capital is being used effectively.
ROI is calculated by subtracting the investment start value from the investment end value (equal to net income), dividing this new number (net income) by the investment cost, and multiplying by the end. 100.
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Jeremy runs a U.S.-based company. Recently, some of his customers with global operations have placed additional orders that require Jeremy to work with their foreign subsidiaries. As a result, Jeremy has developed local distribution and service reps in three foreign markets. What stage of the global experience learning curve is Jeremy experiencing?
Jeremy is experiencing companies with foreign marketing.
What is Foreign marketing?
An international marketer is a marketing expert who is in charge of global commercial strategies. They create and implement business and marketing strategies to promote the services and products of their clients or organizations in diverse worldwide markets.The first step in international marketing is identifying the suitable market in which the exporter can sell his goods financially because each market is different and no one person can sell his product in every market around the globe.Solution -In the given situation Jeremy has developed local distribution and service reps in three foreign markets doing social marketing.
Therefore, Jeremy is experiencing companies with foreign marketing.
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