if consumer incomes rise and this leads to an increase in the demand for chocolate, then chocolate is a(n) if consumer incomes rise and this leads to an increase in the demand for chocolate, then chocolate is a(n) normal good inferior good neutral good necessity complement

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Answer 1

If consumer incomes rise and this leads to an increase in the demand for chocolate, then chocolate is a(n) normal good.

A normal good is a good for which the demand increases as consumers' income rises.

So, chocolate is a normal good because as people have more disposable income, they are more likely to buy more chocolate and enjoy its taste.

This is the opposite of an inferior good for which demand decreases as income increases.

On the other hand, a neutral good is a good for which the demand remains unchanged as income changes and a necessity is a good that people need to survive regardless of their income, like food, shelter, and clothing.

A complement good is a good that is typically consumed with another good, for example, chocolate is often consumed with coffee.

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Related Questions

On December 31, Year 1 Adam Company incurred $3,000 of accrued salary expense. The Year 2 recognition of the cash payment for these expenses:
A. increases the amount of salary expense recognized in Year 2
B. decreases the amount of salary expense recognized in Year 2
C. increases the amount of liabilities shown on the Year 2 balance sheet
D. decreases the amount of liabilities shown on the Year 2 balance sheet

Answers

a Year 2 balance sheet's quantity of liabilities is decreased. Liabilities increased in Year 1 due to the recognition of accrued pay expense. Assets and liabilities drop in Year 2 as cash is paid to satisfy

Describe what you mean by liabilities.

Both your duty for something and a debt you owe to someone else for products or services are referred to as liabilities. Two examples of the homeowner's tax liabilities are the sum of property taxes due to the city and the sum of income taxes due to the federal government.

What do equity and liabilities mean?

In terms of finance, the main distinction between equity & liabilities is that, whereas liabilities are the debts or obligations a firm owes to third parties, equity reflects the ownership position that investors have in a corporation. Liabilities are taken out and assets are used to compute equity.

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which pair of issues from the bulleted list above (the first four mainly for the business community, the second four mainly for the protestors) could the mayor suggest that the two sides negotiate as an area of common interest? (from the mayor's point of view, in this immediate crisis, this would be a stasis.) select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a reduction of customer traffic to area businesses and first amendment (speech) rights of protesters b inconvenience to business owners and employees getting to work and police harassment c unsanitary condition of public property and lack of public bathroom facilities d unseemliness of large population of homeless tent dwellers and police harassment

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Take, for example, the two funda- mental, conflicting dilemmas of a negotiation: the predicament of honesty and the dilemma of have confidence (Kelley, 1966).

The quandary of honesty concerns how trustworthy each birthday celebration must be with the other.

What are the 3 motives negotiations occur?

Negotiations show up for countless reasons: (1) to agree on how to share or divide a constrained resource, such as land, or money, or time; (2) to create something new that neither birthday celebration may want to do on his or her own, or (3) to unravel a hassle or dispute between the parties.

What are the principal social factors in negotiation?

A negotiator have to apprehend the social context of the negotiation. Negotiation occurs in a context of rules, such as customs, habits, situations, cultural norms, non secular doctrine, laws, and political pressures.

What are the four kinds of dilemma?

In LDRS 111 you were added to four one-of-a-kind moral quandary paradigms: fact vs loyalty, short-term vs long-term, person vs community, and justice vs mercy.

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if a small percentage increase in the price of a good greatly reduces the quantity demanded for that good, the demand for that good is a. income inelastic. b. price inelastic. c. income elastic. d. price elastic.

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If a small percentage increase in the price of a good greatly reduces the quantity demanded for that good, the demand for that good is: Price elastic.

What is Price elastic?Price elasticity quantifies how responsively a good's supply and demand are to changes in price. It is calculated by dividing by the percentage change in price the percentage change in quantity demanded—or delivered. The quantity sought for a good is measured according to its price elasticity of demand. Almost all goods see a decrease in quantity demanded when prices rise, however certain goods experience this decrease more than others. Luxury products and particular foods and beverages are elastic goods because demand is influenced by price changes for them. Products like nicotine and prescription medications may be considered inelastic goods since demand for them frequently remains constant despite price fluctuations.

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What are the four new rights the California Privacy Rights Act empowers California consumers with?

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Californians have the right under the CCPA to equal services and rates, to be notified of data collection and rights, to have collected data released, destroyed, and to refuse to have their data sold to third parties.

What is personal information under the CCPA?

According to the CCPA, personal information is anything that could directly or indirectly identify a person. Names, mailing addresses, social security numbers, IP addresses, cookies, search histories, and details about your location and health are all included in this.

Businesses that meet the CCPA's definition of a business are required to follow its regulations. The California Consumer Privacy Act (CCPA) defines a business as a company or for-profit organisation with annual gross revenues exceeding $25 million, 50% or more of annual revenues derived from the sale of consumers' private details, or purchasing, receiving, selling, or sharing the personal information of more than 50.000 California residents, household incomes, or devices each year.

Users must be able to exercise their CCPA rights through your website, for instance, by giving them information about your personal information collection practises, demonstrating how to request disclosure and deletion, and offering a clear "Do Not Sell My Personal Information" link that they can use to decide not to have their data sold to or shared with third parties.

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The following facts relate to Duncan Corporation.

1. Deferred tax liability, January 1, 2020, $30,000.

2. Deferred tax asset, January 1, 2020, $10,000.

3. Taxable income for 2020, $105,000.

4. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $230,000.

5. Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $95,000.

6. Tax rate for all years, 20%. No permanent differences exist.

7. The company is expected to operate profitably in the future.

Instructions

(a) Compute the amount of pretax financial income for 2008.

(b) Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2008.

(c) Prepare the income tax expense section of the income statement for 2008, beginning with the line "Income before income taxes. "

(d) Compute the effective tax rate for 2008

Answers

The amount of pretax financial income for 2008 is $84,000. Income taxes payable for 2008 is $12,000. The effective tax rate for 2020 is 25%.

How do you compute the amount of pretax financial income?

a) To compute the amount of pretax financial income for 2020, we need to calculate the income tax expense for 2020 and then subtract it from taxable income.

Income tax expense for 2020 = Taxable income * Tax rate

Income tax expense for 2020 = $105,000 * 20% = $21,000

Pretax financial income for 2020 = Taxable income - Income tax expense

Pretax financial income for 2020 = $105,000 - $21,000 = $84,000

b) To record income tax expense, deferred income taxes, and income taxes payable for 2020, the following journal entry would be made:

Debit: Income Tax Expense $21,000

Credit: Deferred Tax Liability $4,000

Credit: Deferred Tax Asset $3,000

Debit: Income Taxes Payable $18,000

The deferred tax liability and deferred tax asset are calculated as follows:

Deferred tax liability = Cumulative temporary difference giving rise to future taxable amounts * Tax rate

Deferred tax liability = $230,000 * 20% = $46,000

Deferred tax asset = Cumulative temporary difference giving rise to future deductible amounts * Tax rate

Deferred tax asset = $95,000 * 20% = $19,000

The deferred tax liability and deferred tax asset are then adjusted by the deferred tax liability and deferred tax asset at the start of the year:

Deferred tax liability = $46,000 - $30,000 = $16,000

Deferred tax asset = $19,000 - $10,000 = $9,000

So the deferred tax liability is $16,000 and the deferred tax asset is $9,000

The income taxes payable is the current income tax expense less the deferred tax asset:

Income taxes payable = $21,000 - $9,000 = $12,000

c) The income tax expense section of the income statement for 2020 would be as follows:

Income before income taxes $84,000

Income tax expense $21,000

Net income $63,000

d) To compute the effective tax rate for 2020, we need to divide the income tax expense by the pretax financial income:

Effective tax rate = Income tax expense / Pretax financial income

Effective tax rate = $21,000 / $84,000 = 0.25 or 25%.

So the effective tax rate for 2020 is 25%.

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movie meaning is expressed through form in which of the following ways? select one: a. mood, tone, budget b. location, tone, marketing c. tone, location, significance d. location, significance, budget e. budget, marketing, mood

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Movie meaning is expressed through the following way (a) mood, tone and budget.

Movie meaning or Film budgeting is the method used to create a budget for a movie production by a line producer, unit production manager, or production accountant. This lengthy document, which might be over 130 pages, is used to obtain funding for the movie and to initiate pre-production and production. To reduce expenditures, the budget may need to go through several versions. Typically, there are four categories in a budget: above the line (creative talent), below the line (direct production expenditures), post-production (editing, visual effects, etc.), and other (insurance, completion bond, etc.). Film marketing and promotion are not included in the budget because they fall under the purview of the film distributor. A private investor, sponsor, product placement, film studio, entertainment firm, and/or personal finances are all possible sources of film financing.

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Which is an example of a graduated repayment plan for student loans?
a. lower and increase every 1 years
b. lower and increase every 2 years
c. lower and increase every 3 years
d. lower and increase every 4 years

Answers

Option (A) is correct, lower and increase every 1 years an example of a graduated repayment plan for student loans.

What is a student loan and how will it work?

A student loan gives you access to money with a modest monthly payback schedule, allowing you to pay for your education. These grants can assist you in paying for your tuition, registration fees, and other related expenses like lodging, books, or a computer you'll need it for your studies.

Student loans: Are They Beneficial?

Students who otherwise wouldn't be able to go to college can now do so with the help of student loans. A credit history is not required to be eligible for a student loan. Compared to private loans, student loans frequently have cheaper interest rates.

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Pureform, Inc. , uses the FIFO method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow: Units Materials Labor Overhead Work in process inventory, beginning 77,000 $ 68,900 $ 31,500 $ 43,500 Units started in process 729,000 Units transferred out 750,000 Work in process inventory, ending 56,000 Cost added during the month $ 1,194,765 $ 288,660 $ 505,155 The beginning work in process inventory was 70% complete with respect to materials and 55% complete with respect to labor and overhead. The ending work in process inventory was 50% complete with respect to materials and 25% complete with respect to labor and overhead. Required: 1. Compute the first department's equivalent units of production for materials, labor, and overhead for the month. 2. Compute the first department's cost per equivalent unit for materials, labor, overhead, and in total for the month

Answers

Considering the indicated value Total 2.75 It creates a product that moves between two divisions.

How do you define a product?

According to the definition, an item is the object that is being sold.Products can be either a company or an item. It can take the form of anything physical, digital, or cybernetic.Every commodity has a cost associated with it, as well as a price.The price that can be paid is influenced by the customer, their excellence, the promotion, and the target market.

Comparable units

Equivalent units

Materials Labor Overhead

Work in process inventory, 23,100.00 34,650.00 34,650.00

beginning

Units started and completed 6,73,000.00 6,73,000.00 6,73,000.00

Work in process inventory, 28,000.00 14,000.00 14,000.00

Equivalent units 7,24,100.00 7,21,650.00 7,21,650.00

First division initial department's cost per unit

Materials Labor Overhead Total

Current costs 11,94,765.00 2,88,660.00 5,05,155.00 19,88,580.00

Equivalent units 7,24,100.00 7,21,650.00 7,21,650.00

Price per Equal Unit 2.32 0.40 0.70 2.75

The equivalent units for materials, labor and overhead are as follows:

Equivalent units

Materials 724,000

Labor 721,650

Overhead 721,650

The price per unit in equivalent units is as follows as well:

Materials 1.65

Labor 0.40

Overhead 0.70

Total 2.75

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employer promises to pay retiree a $10,000 per year pension for the remainder of retiree's life in return for retiree's promise to pay employer $1 per year. retiree foreseeably relies on the promise by taking out a mortgage on a small vacation home. later employer, who never intended to pay the pension, unfairly reneges on his promise. employer's promise:

Answers

This situation describes a contract between the employer and retiree, in which the employer promises to pay the retiree a $10,000 per year pension for the remainder of the retiree's life in exchange for the retiree's promise to pay the employer $1 per year.

What is Breach of Pension Contract?

When a company doesn't perform the obligations indicated in a retirement account or agreement they've formed with an employee, it is a breach of the pension contract. This may include failing to pay the appropriate pension plan contributions or failing to provide the employee with the promised pension benefits. In some circumstances, the employer may also modify the pension plan's conditions without the employee's approval or completely terminate the plan, which can also be viewed as a violation of contract.

Employees may be able to claim compensation for any damages sustained as a result of an employer's breach of a pension contract if they can demonstrate the breach. Included in this are any incremental charges incurred, such as lost pension benefits, and legal fees.

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question content area volume upclosed captiondescriptionsettingsfullscreen question content areaeconomists say that the allocation of resources is efficient if a.consumer surplus is maximized. b.total surplus is maximized. c.sellers' costs are minimized. d.producer surplus is maximized.

Answers

Economists say that the allocation of resources is efficient if the total surplus is maximized. So option b. is correct. Resource allocation is the method of assigning and managing assets in a manner that supports an organization's strategic planning goals.

Resource allocation incorporates managing substantial assets such as hardware to make the promising use of softer assets such as human capital. Resource allocation affects balancing contending needs and priorities, and determining the adequate course of action to maximize the benefit of limited resources and get the fairest return on investment. In practicing resource allocation, organizations must foremost select their desired goal, such as improved revenue, enhanced productivity, or better brand recognition.

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when an accountant is not independent of an entity and is requested to perform a compilation of the entity's financial statements, the accountant:

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C - May accept the engagement and should disclose both the lack of independence and the reason for the lack of independence is correct.

Because an accountant might accept the engagement, answer A is untrue.

Because the absence of independence needs to be disclosed, answer B is erroneous.

Because AR 100 says that an accountant may accept such an assignment and that the compilation report should reveal the loss of independence but not the cause of that lack of independence, answer C is the right one. If a CPA is asked to prepare an annual account but is not required to be independent of the client, the CPA is not permitted to accept the contract.

The complete question is:

When an accountant is not independent of a client and is requested to perform a compilation of its financial statements, the accountant

a)      Is precluded from accepting the engagement.

b)      May accept the engagement and need not disclose the lack of independence.

c)      May accept the engagement and should disclose the lack of independence, but not the reason for the lack of independence.

d)      May accept the engagement and should disclose both the lack of independence and the reason for the lack of independence.

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caleb created a column chart that lists numbers from $50,000 to $0 on the left. what can he add to the chart to indicate that these are monthly revenue amounts?

Answers

Caleb can add the Vertical axis title to indicate monthly revenue amounts

The text labels that appear along a chart's horizontal and vertical axes are called axis labels. They can be used to provide descriptive information about the data or to specify the units of measurement for the data shown on the chart. In this instance, a nice method to show that the figures shown on the chart's left side correspond to monthly revenue amounts would be to add a vertical axis title.

In the case of Caleb, the terms Monthly Sales or Monthly Revenue must be straightforward and descriptive as the chart lists numbers from $50,000 to $0 on the left. This will make it easier for the viewer to comprehend the significance of the data and the size of the figures being displayed. If Caleb wanted to be more particular, he could also add a label to the horizontal axis that listed the months or the duration of the data.

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volunteers from state or private agencies who enforce fair housing by claiming to be home seekers, thereby finding out if brokers deal fairly with all clients/customers are referred to as who...?

Answers

These volunteers are known as undercover testers or fair housing testers.

Who are Undercover testers?

Undercover testers are individuals who pose as potential home buyers or renters in order to investigate and uncover discrimination in housing. They work for state or private agencies that enforce fair housing laws and may be trained to recognize and document discriminatory behavior by landlords, real estate agents, or other housing providers. These testers often conduct their investigations by contacting landlords or real estate agents, inquiring about available properties, and providing information about their backgrounds, such as their race, national origin, religion, or other protected characteristics. Any discriminatory behavior that is observed or reported is then used as evidence to support a fair housing complaint or lawsuit.

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which function refers to acquiring and retaining human resources? controlling planning staffing organizing decision making

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Staffing is the component of the management process dealing with obtaining, developing, hiring, assessing, remunerating, and keeping people so that the correct sort of people.

are available in the company at the right roles and at the right time. Human resource management (HRM) staffing is the activity of personnel recruiting, screening, and selection undertaken inside a corporation to fill job positions. Because staffing is a leadership function, this relates to directing in management. Human resource planning ensures that personnel and occupations are a good fit while preventing manpower shortages or surpluses. The HRP process consists of four major phases. They include assessing current labor supply, anticipating labor demand, balancing predicted labor demand with supply, and assisting in the achievement of organizational goals.Because staffing is a leadership function, this relates to directing in management. Human resource planning ensures that personnel and occupations are a good fit while preventing manpower shortages or surpluses.

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what four essential functions of management do all managers perform, regardless of their level, organization size or type, or what country they work in? (check all that apply.)

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The four essential functions of management do all managers perform, regardless of their level, organization size or type, or what country they work in are: Controlling, Planning, Organizing and Leading.

The management process by which we pursue goals includes planning, organizing, leading, and controlling. These are “the how” a manager pursues organizational goals, and are universally known as the four functions of management.

Leading consists of motivating employees and influencing their behavior to achieve organizational objectives. Leading focuses on managing people , such as individual employees, teams and groups rather than tasks.Proper planning without control is futile, this is because a blue print may have been put in place in the planning process but it becomes imperative for management to set up institutions or machineries to ensure that plans are executed as expected and there are remedial actions or plans in place in the event when unexpected events come up to distort achievement of the goal.

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an example of external communication involves a. a company newsletter to its employees. b. a 30-second television commercial. c. an administrative assistant talking to her manager. d. an inter-office memo.

Answers

Social media, email, newsletters, and other forms of external communication are examples.

What is meant by external communication?

The procedures in charge of contacting people and organisations outside of your organisation are known as external communications. Customers, companies, suppliers, partners, investors, governments, and law enforcement are a few of these.

A company's external environment is its exterior environment and its external environment is where it communicates with other people or entities. Consumers, future customers, suppliers, investors, shareholders, and society as a whole are some examples of these persons and entities. Social media, email, newsletters, and other forms of external communication are examples.

External communication often consists of email, brochures, newsletters, posters, advertising, and other types of multimedia marketing intended to draw clients, partners, and suppliers to engage in profitable business dealings.

Therefore, the correct answer is option C. A 30-second television commercial.

The complete question is:

An example of external communication involves

A. An administrative assistant talking to her manager.

B. An inter-office memo.

C. A 30-second television commercial.

D. A company newsletter to its employees.

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form 8995 qualified business income deduction simplified calculation

Answers

The simplified calculation for form 8995 will be:

Profit - Qualified Business + Income on Form 8995 + 1/2 SE tax break+ payment guarantees + The amount you deduct for SE Health Insurance + Income under Section 199A + Contributions to a SEP.

What is Form 8995?

The pass-through or Section 199A deduction, also known as the qualified business income (QBI) deduction, is claimed by owners of pass-through entities such as sole proprietorships, partnerships, LLCs, and S corporations using Form 8995 from the Internal Revenue Service.

To claim the pass-through deduction, using the simplified form can save a lot of paper. The business's qualified business income, potential deduction phaseouts, and the resulting deduction are all calculated using the expanded form 8995-A, which has four sections and four additional schedules.

Form 8995 is relatively simple. It only has 17 lines on one page. If your total taxable income before the qualified business income deduction is below the aforementioned threshold and you are not a patron of an agricultural or horticultural cooperative, you can use this simplified version.

It must use the more complicated form if your taxable income before the qualified business income deduction is above the threshold or if you patronize a cooperative.

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i roll a die, and i will give you an amount in pounds equal to the number on the die. for example, if i get 5, i will give you 5 pounds. what is the price you are willing to pay for this game?

Answers

Your design incorporates two more scoreboards in the infield because center field spectators cannot see this one.

How can you determine the anticipated value of a dice game?

We multiply each event's value by its likelihood before adding the results to determine the expected value. As a result, we multiply -3 times 7/36, which yields -21/36, for the case of getting a sum of 2, 4, or 10. Additionally, we multiply -2 by 6/36, which is -12/36, in the case of a sum of 7.

What is an illustration of expected value?

Definition and justification

The probability times the estimated value of each occurrence equals the expected value. A 50% chance of winning $100, for instance, is worth $50 to you if you don't win.

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the invisible hand ensures that economic prosperity is distributed equally. True/False ?

Answers

Answer: False - The invisible hand works through the price system: The interaction of buyers and sellers  determines prices. Each price reflects the good's value to buyers and the cost of producing the good. Prices guide self-interested households and firms to make decisions that, in many cases, maximize society's economic well-being.

Explanation:

Quizlet Econ Chapter 1

high roller incorporated is trying to decide whether to buy a private jet or to lease one. the finder's fee is incurred only if the private jet is bought. the finder's fee is what type of cost for this decision?

Answers

high roller incorporated is trying to decide whether to buy a private jet or to lease one. the finder's fee is incurred only if the private jet is bought . the finder's fee is relevant cost for this decision.

What is relevant cost?Any expense that is important to a choice is referred to as a relevant cost. If a decision results in a change in cash flow, the subject is relevant. Additional money that needs to be paid can alter cash flow. less money that needs to be paid. Relevant costs are those that a managerial choice will have an impact on. Costs that are irrelevant won't change whether you choose one course of action over another in the future. Overheads, sunk costs, and committed expenses are a few examples of irrelevant costs because they cannot be avoided.Only unavoidable expenses are significant. Whether or not decisions are made, fixed costs must be incurred. Sunk costs can't be recovered and are therefore useless.

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which statement describes a technique used to address the issue of ensuring the payment of adequate child support by a noncustodial parent when the parents of minor children are divorced? a) to prevent inflation from eroding the value of child support payments, the custodial parent must make periodic petitions to a court to increase such payments. b) to ensure that child support payments are continued if the noncustodial parent dies or becomes disabled before such payments are to cease, the parents must enter into a nuptial agreement. c) insurance on the life of the noncustodial parent must be owned by an irrevocable life insurance trust to prevent the noncustodial parent from changing the beneficiary. d) an irrevocable trust established and funded by the noncustodial parent to ensure payment of child support can be a valuable tool to protect such assets from the claims of future creditors of the noncustodial parent.

Answers

An irrevocable trust established and funded by the non-custodial parent to ensure payment of child support can be a valuable tool to protect such assets from the claims of future creditors of the non-custodial parent describes the technique.

What is an irrevocable trust?

An irrevocable trust is one that, once established, cannot be changed, amended, modified, or revoked. A property cannot be removed from an irrevocable trust after it has been put into one, not even the settlor.

What is an irrevocable trust's drawback?

A revocable trust cannot be used to avoid income or estate taxes when transferring assets. Lack of asset protection. Despite the fact that assets kept in an irrevocable trust are often protected from creditors, the same is not true of revocable trusts.

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Question 1

visor

Samantha is working through the Client Needs Assessment process.

BOOKS

Which 4 areas should she focus on to gather information for her

client?

(Select all that apply)

view

Doard

Who is the client

ng

Why did the client start their business

ses

U

What services does the client need

I!

How will the client work be completed

Which team member will do the work

ts

Answers

The Company Setup, Banking Activities, Common Problems, and Transaction Volume sections make up the Client Overview tab. To quickly assess the status of a client's file, you can access a multitude of real-time information.

Review of client data is where it is in QuickBooks.

For each of you clients, you can quickly determine the status of the most recent book reviews: To access the Clients menu in QuickBooks Online Accounting, click. Decide which tab is for bookkeeping. Review the column's status for book reviews.

Which four categories of goods and services are there?

Convenience goods, shopping products, specialty items, and unsought goods are the four categories of products, and each is categorized according to consumer preferences, pricing, and product features.

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if the nominal interest rate is 18 percent and the real interest rate is 6 percent, the inflation rate is

Answers

The inflation rate must be 12% based on the nominal interest rate and real interest rate.

It can be found as:

= Nominal rate - Real interest rate

Solving gives:

= 18% - 6%

= 12%

Price increases, or inflation, may be thought of as the gradual loss of buying power. The average price rise of a selection of products and services over time can serve as a proxy for the pace at which buying power declines.

A unit of money now effectively has less purchasing power than it had in earlier periods due to the increase in prices, which is frequently stated as a percentage. Deflation, on the other hand, is characterized by a drop in prices and a rise in purchasing power.

Therefore, the inflation rate is 12%.

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busy corp. prepared the following reconciliation between pretax accounting income and taxable income for the year ended december 31, year 2: pretax accounting income $250,000 taxable income (150,000) difference $100,000 analysis of difference: interest on municipal bonds $25,000 excess of tax over book depreciation 75,000 total $100,000 busy's current income tax rate for year 2 is 30%. the depreciation difference will reverse in equal amounts over the next three years at an enacted tax rate of 40%. in busy's year 2 income statement, what amount should be reported as the current income tax expense portion of its provision for income taxes?

Answers

The current income tax expense part of its provision for income taxes should be recorded at $45,000.

What exactly is income tax?

An income tax is a tax levied on persons or companies (taxpayers) based on their earnings or profits. In most cases, income tax is calculated as the result of a tax rate multiplied by the taxable income. Taxation rates may differ depending on the taxpayer's attributes and the source of income. The tax rate may rise as taxable income rises (referred to as graduated or progressive tax rates). Corporate tax is a type of tax charged on businesses that are typically applied at a flat rate.

The current portion of the provision for income taxes includes both the current income tax cost and the year's income tax liabilities.

$150,000 x 30% =$45,000

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during the evaluation of alternatives stage, consumers rely on a set of formalized steps to arrive at a decision. this type of decision making is called:

Answers

This type of decision making is called as rational decision making.

In order to optimise the quality of their outcomes, decision-makers should take a number of steps that are described in the rational decision-making model. In other words, following the formal processes of the rational decision-making model may make sense if you want to ensure that you make the best decision. A decision-making process centred on selecting decisions that produce the greatest possible profit or utility is referred to as rational behaviour. An economic theory called rational choice theory makes the assumption that people behave rationally. Since the gratification could be solely emotional or non-monetary, rational activity may not include obtaining the greatest monetary or material advantage.

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Categorize each scenario as describing a movement along a demand curve or a shift of the demand curve. Shift of the demand curve Movement along the demand curve Answer Bank 1. College students purchase many more energy drinks during finals week than during ther of the semester 2. College students reduce how much detergent they use for each load of laundry in response to higher detergent prices, 3. Students et out more often as the federal government increases how much grant money it provides students

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Shift in the Demand Curve: College students buy a lot more caffeinated beverages during last week than they do the remainder of the semester; as the national govt grows, students dine out more frequently.

Demand? What do you mean?

Desire is the user's decision to purchase a certain good or service. The desire for a specific good on the market is known as market demand. The entire demand for commodities and services inside the business is known as aggregate demand. The degree to which supply and demand are balanced determines how much a good or service will cost. recognising the idea of demand.

What is an example of full demand?

For businesses, the ideal situation is full demand, where supply and demand are balanced. This indicates that consumers are spending money at the same rate as producers.

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Which one of the following careers is the most highly resistant to economic change?

1. Video Game Designers

2. Funeral Attendants

3. Fashion Designers

4. Airline Pilots

Answers

Answer:

2. Funeral Attendants

Explanation:

The demand for funeral attendants is relatively constant and not heavily impacted by economic change, as death is a natural occurrence that happens regardless of economic conditions. Funeral attendants provide a necessary service for families and communities. While other careers such as video game designers, fashion designers, and airline pilots can be affected by changes in technology, consumer preferences and travel restrictions, the services of funeral attendants are less likely to be impacted by economic fluctuations.

Which is the most likely reason wind energy is not widely used as a replacement for fossil fuels?
a. Energy from wind is too expensive to produce.
b. Producing energy from wind causes too much pollution.
c. Wind energy is an indirect form of solar energy.
d. Few places are windy enough to produce sufficient energy.

Answers

D. Few places are windy enough to produce sufficient energy.
I hope this helps all and u<3

several public libraries in colorado were forced to close after inspectors found bathrooms had been contaminated by...

Answers

Tests conducted at several Colorado public libraries indicated hazardous levels of methamphetamine there, forcing the libraries to close.

What happen to the public library in Englewood?

Following the shutdown in Boulder, the Edgewater Public Library shuttered last week after tests levels of meth were found there as well as many library sections that tested above permitted levels.

Why was the main Boulder library closed down?

After staff saw drug use there in both November and December, the Colorado Main Library was closed for more than two weeks in late December after lavatory exhaust vents also revealed excessive amounts of methamphetamine. The facilities were among "the busiest in the city," according to the city.

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which of the following should be considered when building a portfolio? check all that apply. a. market timing. b. credit card debt. c. ability and willingness to take risk. d. the length of time available for your assets to earn returns. e. a need for liquid assets (cash).

Answers

When building a portfolio -  the length of time available for your assets to earn returns.

The correct option is d.

Understanding how various asset classes, funds, and weightings affect one another, their performance and risk, and how choices relate to an investor's goals is the process of portfolio design.

Any mix of financial assets, including stocks, bonds, and cash, is referred to as a "portfolio." Individual individuals may hold portfolios, or financial experts, hedge funds, banks, and other financial organisations may manage them.

A portfolio should be created taking the investor's risk appetite, time horizon, and investment goals into consideration. This is a widely acknowledged idea. The risk/reward ratio of the portfolio may be impacted by the monetary value of each item.

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