True. If you are self-employed with earnings of more than $2,100, the IRS states that you must file.
The statement is true. According to the Internal Revenue Service (IRS) regulations, if you are self-employed and your earnings from self-employment exceed $400, you are generally required to file an income tax return. However, the threshold for filing a tax return is not solely based on being self-employed but also on the total amount of income earned during the tax year and other factors. For self-employed individuals, the filing requirements are generally triggered when their net earnings from self-employment reach or exceed $400.
This threshold is set by the IRS to ensure that individuals report their income and pay the appropriate self-employment taxes. It's important to note that the threshold for filing requirements may vary depending on your filing status, age, and other factors. It is always advisable to consult the IRS guidelines or seek professional tax advice to determine your specific filing obligations based on your individual circumstances.
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Explain the different sources of business ideas
Answer:
Hobby.
Complaints.
Exhibitions.
Experience.
Brainstorming.
Surveys.
Mass media etc…
Explanation:
1. HOBBY:
An activity you do when you’re not working.
Do you know that you can make money from whatever it is you like or enjoy doing? All you have to do is to identify the things you do most often especially when you’re free, evaluate them and act. (Just have a quiet time and reflect on how to make money from what you enjoy doing).
2. COMPLAINTS:
Expressing unhappiness.
Critically evaluate the following statements…
“I wish there was…”
“If only there were a product that could…”
“If only there were services that could…”
See Also: How to Generate Business Ideas
Most of these come up maybe when a customer is not satisfied with a product/service that he or she has tried. Your role here is to put those complaints into consideration then generate ideas to solve such problems because from what you heard above, there is a problem that needs a solution.
3. EXHIBITION:
A demonstration of a particular skill or craft.
Attending exhibition and trade fairs regularly will help you discover new products or services and give you an opportunity to meet with manufacturers, sales representatives, wholesalers, distributors, etc… They can help you with information on getting started or might need your services.
4. EXPERIENCE:
Knowledge or skill gained through been involved in or exposed to something over a period of time.
Don’t look down on any skill or training you learned or passed through because over half of the ideas of successful businesses come from the experience in the work. The background of a potential entrepreneur plays a crucial role in the decision to go into the business as well as the type of venture to be created. Your skills and experience are your most important resources, therefore, be productive and capitalize on them.
See Also: Entrepreneur - Practice of Entrepreneurship (Summary)
5. BRAINSTORMING:
This is a way of making a group of people all think about something at the same time.
Often, in order to solve a problem or to create good ideas. It usually starts with a question or problem statement and each idea leads to one or more additional ideas, resulting in a good number.
Ensure you don’t criticize or judge the ideas of others.
Consider all ideas even those that seem to be wild or crazy.
The greater the number of ideas, the better.
Combine and improve upon the idea of others.
6. SURVEY:
To look at or consider something in a general or very broadway.
This has to do with an investigation on the opinions, behavior, etc… of a particular group of people which is usually done by asking them questions. Such a survey can be or might be conducted formally or informally by talking to people, usually using a questionnaire or through interviews and, or through observation.
See Also: How to Generate Business Ideas
7. MASS MEDIA:
This is a great source of information and news such as newspapers, magazines, radio, the internet and television.
They reach and influence a large number of people from the advertisements and offers and even information you derive from the mass media, you can come up with ideas to work on.
A parcel of real estate is encumbered by a conventional mortgage with a prepayment penalty. if it is sold, the seller may pay the penalty.
a. true
b. false
False, A parcel of real estate is encumbered by a conventional mortgage with a prepayment penalty. if it is sold, the seller may pay the penalty. The prepayment penalty clause does not apply.
Some lenders charge a fee when you pay off all or a portion of your mortgage loan early. This fee is known as a mortgage prepayment penalty. The penalty fee encourages borrowers to repay their principal gradually over a longer period of time so that mortgage lenders can earn interest. Be aware that it typically does not apply if you make principal-only payments or sporadic extra payments to pay off your principal faster. Most mortgage lenders permit borrowers to make annual loan payments of up to 20%. Instead, a mortgage prepayment penalty frequently applies when large portions of a loan are refinanced, sold, or otherwise paid off.
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What is the first step in the succession management process?
The first step in the succession management process is to conduct a workforce analysis, which involves identifying key roles and positions within the organization that are critical to its success and determining the current and future workforce needs of the company.
This step also includes an assessment of the current talent within the organization, including an evaluation of the skills, knowledge, and experience of existing employees.
This information is then used to identify potential successors for key roles and to develop a plan for succession management. This step also includes identifying the gaps in the talent pool and developing a plan to fill those gaps.
Finally, the workforce analysis helps to identify any potential risks that may arise from key employee departures and to develop strategies to mitigate those risks.
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the distinction between moral development and moral competence is the description of what theory?
The distinction between moral development and moral competence is described by Lawrence Kohlberg's theory of moral development. Kohlberg proposed that moral development occurs in stages, progressing from lower levels of moral reasoning to higher levels.
Moral development refers to the cognitive and psychological growth that individuals undergo as they acquire a more sophisticated understanding of moral principles and values.
On the other hand, moral competence refers to the practical application of moral reasoning in real-life situations. It involves the ability to make ethical judgments, take moral actions, and navigate moral dilemmas effectively. While moral development focuses on the internal cognitive processes of moral reasoning, moral competence emphasizes the external manifestation of moral behavior.
Kohlberg's theory suggests that moral development and moral competence are closely related, as individuals' moral competence is influenced by their level of moral reasoning. As individuals progress through the stages of moral development, they become more capable of making principled ethical decisions and demonstrating morally competent behavior.
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A lakeside resort offered a midweek package at $199 per night for two people. The package included accommodation in a one-bedroom suite, which regularly sold for $284, breakfast for two, regularly priced at $15 per person, and a 30% discount on spa services, a value of $30 per person. (a) What was the overall markdown at which the packages were sold? (b) What was the overall rate of markdown at which the packages were sold? (. ) (a) The overall markdown was $ (Type an integer or a decimal. )
(a) The total regular price of all the included items is $284 + $30 + $60 = $374. (b) the overall rate of markdown at which the packages were sold is approximately 46.5%.
(a) The overall markdown at which the packages were sold can be calculated by subtracting the total value of the package from the regular price of all the included items.
The regular price of the accommodation is $284 per night. The regular price of breakfast for two is $15 per person, so for two people, it would be $30. The spa services have a regular value of $30 per person, so for two people, it would be $60.
Therefore, the total regular price of all the included items is $284 + $30 + $60 = $374.
The midweek package was sold at $199 per night for two people. So, for one night, the discounted price for the package is $199.
To find the overall markdown, we subtract the discounted price from the regular price: $374 - $199 = $175.
Therefore, the overall markdown at which the packages were sold is $175.
(b) The overall rate of markdown at which the packages were sold can be calculated by dividing the overall markdown by the regular price and multiplying by 100 to get the percentage.
The regular price of all the included items is $374, and the overall markdown is $175.
So, the rate of markdown is (175/374) * 100 ≈ 46.5%.
Therefore, the overall rate of markdown at which the packages were sold is approximately 46.5%.
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A house is constructed in a neighborhood that is substantially larger than the existing houses. Based on the value principle of ___________________, the larger house’s value will therefore be adversely affected.
a. anticipation
b. conformity
c. inadequacy
d. competition
Consulting. Assume, again, that book printing is a competitive industry and Amazon, as well as otber firms, are producing books, but currently earning economic losses. )How does the price of books compare to Amazon's the average total cost, average variable cost , and the marginal cost of printing books? Dah sid (e) Assuming there is no change in either demand or firms' cost curves, explain what will happen in the long-run to the price of books, marginal cost, average total cost, the q and the total quantity supplied to the market?
Printing books involves various costs, including fixed costs and variable costs. The average total cost refers to the total cost per unit of output, which includes both fixed and variable costs. The average variable cost is the variable cost per unit of output. The marginal cost is the cost of producing one additional unit of output.
In the short run, Amazon and other firms in the book printing industry may be producing books at a price that is lower than the average total cost, which results in economic losses. This could be due to various factors such as overcapacity in the industry or a decrease in demand for books. However, the marginal cost of printing books may still be lower than the price of books.
Assuming no changes in demand or firms' cost curves, in the long run, firms may exit the industry due to the economic losses they are incurring. As a result, the total quantity supplied to the market will decrease, and the price of books may increase. The marginal cost and the average total cost of printing books may also increase as a result of a decrease in the number of firms in the industry.
Overall, in the long run, the book printing industry may experience a decrease in the quantity supplied, an increase in the price of books, and an increase in the marginal cost and average total cost of printing books due to firms exiting the industry.
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money leakages, however, are quite high. required reserves and leakages amount to 33% of deposits. what is the leakage-adjusted money multiplier?
If required reserves and leakages amount to 33% of deposits, then the leakage-adjusted money multiplier would be 2.33. The money multiplier would be reduced by the proportion of deposits that are "leaked" out of the banking system.
The leakage-adjusted money multiplier can be calculated using the following formula:
Money multiplier = 1 / (Required reserve ratio + Leakage ratio)
Where the leakage ratio is the proportion of deposits that are "leaked" out of the banking system.
In this case, if required reserves and leakages amount to 33% of deposits, then the leakage ratio is also 33%. Therefore, the leakage-adjusted money multiplier would be:
Money multiplier = 1 / (Required reserve ratio + Leakage ratio)
Money multiplier = 1 / (0.1 + 0.33)
Money multiplier = 1 / 0.43
Money multiplier = 2.33
So the leakage-adjusted money multiplier in this case is 2.33.
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give questions from biology plzz and take free 20 points for that and more after you give question and ill give brainliest
Answer:
How did evolution ever lead ostriches to hide their head in the sand when an enemy approaches?
Explanation:
HOPE IT HELP
A person who earns $30,000 per year has $2,000 in childcare costs. As a
result, the state only taxes $28,000 of that person's income.
This is an example of a
A. tax deduction
B. tax assessment
C. tax dependent
D. tax credit
When a person's taxable income are reduced by things like childcare costs, this is known as A. tax deduction.
What is a tax deduction?When the taxable income of a person is reduced as a result of them having to pay for a particular expense, this is a deduction.
The person here saw their taxable income reduced because they paid for child costs so this is a tax deduction.
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if the four largest firms in a market produce 88 percent of total industry output, the market is
If the 4 biggest companies in the market produced 88% of the complete industry output, the market is a show up monopoly. Be an oligopoly, see a natural monopoly, or D perfectly competitive, or e a mon a mon capacity. The right reply is a a pure monopoly.
Which scenario may want to be the fantastic instance of an oligopoly?The nice illustration of an oligopoly is the automobile industry. An oligopoly is a market with imperfect competition in which a few predominant companies dominate the industry as the motors industry dominates severa others by providing identical goods and services.
Which of the following is located solely in oligopoly?interdependence of firms. Oligopoly refers to the M (or, Market ) shape in which there are few sellers or producers in the M promoting the product and extreme competition prevails in the M. The most awesome characteristic of an oligopoly M is that there is an interdependence of firms.
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https://brainly.com/question/3005866#SPJ4Consumers experience ______ marginal utility the more they consume of a particular good or service.
Answer:
less
Explanation:
The law of diminishing marginal utility states that, as consumption of a good or service increases, its marginal utility decreases.
Simba is looking for a financial institution to give him a loan for a new house. Which of these institutions would be LEAST likely to provide this service?
savings and loan institution
credit union
brokerage firm
commercial bank
Answer:
Brokerage firm
Explanation:
What is the type of business structure when two or more individuals agree to own and operate a business together?
The type of business structure when two or more individuals agree to own and operate a business together is called a partnership.
Partnerships are a popular form of business organization due to their flexibility, shared responsibilities, and potential for combining different skill sets and resources.
In a partnership, the individuals involved are known as partners. They come together with a common goal of establishing and running a business venture. Partnerships can be formed by a written or oral agreement, although it is always advisable to have a written partnership agreement that outlines the terms and conditions of the partnership. This agreement typically includes details such as the partners' contributions, profit-sharing ratios, decision-making processes, dispute resolution mechanisms, and provisions for the admission or withdrawal of partners.
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a bank has set aside almost 3 s a loan loss reserve. the resulting loss of income is $26,750,000. this is an example of what kind of risk?
Answer:
\(5.363 \\ 5911 + \times \)
dyggtig ghucf
\(x4.53..1 \2 {22.}^{2} [22. = ]{?} \)
What factors play a role in gendering specific occupations?
Answer:
Risk, physical demands, skill level, competence
Explanation:
When both the offeror and the offeree agree to all terms and conditions of the contract, this is known as
A. mutual assent
B. acceptance
C. counteroffer
D. offer
Answer:
mutual assent
Explanation:
hoyt co. manufactured the following units: saleable 5,000 unsaleable (normal spoilage) 200 unsaleable (abnormal spoilage) 300 the manufacturing costs totaled $99,000. what amount should hoyt debit to finished goods?
If Hoyt co. manufactured the following units: saleable 5,000 unsaleable (normal spoilage) 200 unsaleable (abnormal spoilage) 300 the manufacturing costs totaled $99,000. So, Hoyt Co. should debit $99,000 to finished goods.
To calculate the amount that Hoyt Co. should debit to finished goods, we need to find out the number of saleable units, which is obtained by subtracting the number of normal spoilage and abnormal spoilage units from the total units manufactured.
Then, we can divide the total manufacturing costs by the number of saleable units to get the cost per unit. Finally, we can multiply the cost per unit by the number of saleable units to get the total cost of saleable units that should be debited to finished goods.
Following are the calculations: Number of saleable units = Total units manufactured - Normal spoilage units - Abnormal spoilage units
number of saleable units = 5,000 - 200 - 300
Number of saleable units = 4,500
Cost per unit = Total manufacturing costs / Number of saleable units
Cost per unit = $99,000 / 4,500
Cost per unit = $22
Total cost of saleable units = Cost per unit x Number of saleable units
Total cost of saleable units = $22 x 4,500
Total cost of saleable units = $99,000
Therefore, Hoyt Co. should debit $99,000 to finished goods.
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A
person who
owns stock in a
corporation.
How is being comfortable with risk and flexibility important to having an entrepreneurial mindset?
An entrepreneurial mindset is a set of skills that enable people to identify and make the most of opportunities, overcome and learn from setbacks, and succeed in a variety of settings. This means that being too stubborn and unyielding in your approach can be a recipe for stress and potential business disaster. Being flexible as an entrepreneur can provide you with an important competitive edge. It helps you to exploit opportunities as and when they arise. Successful entrepreneurs stick to the basic principles of risk management: They look for opportunities where if they fall short they lose only a certain value, but if they win they could stand to gain 10 times as much. And the best entrepreneurs never bet more than they can afford to lose. They always consider Plan B (as well as Plan C, D and E) in case the current program doesn’t work out as expected.
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If a causal relationship can be established, expenses are reported in the same period that the related revenue is recognized.
a. true
b. false
In case if a causal relationship can be established, it is an obligation to report the expenses in the same period that the related revenue is recognized. Therefore, the statement given above is true.
What is the significance of causal relationship?A causal relationship can be referred to or considered as a relationship that is generated over a course of long run through a chain of events. The expenses are clubbed under the same account in case of such relationship.
Moreover, if the chain of events is a part of the same period, then the expenses related to the causal relationship are also considered in the same period when the revenues are recognized, even if unrealized.
Therefore, the statement given above holds true and states regarding the significance of causal relationship.
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Company Z understands that their business is at risk. How can they use step two in the
Decision Making Process to reach their end goal of increasing sales and customer satisfaction?
Company Z can use step two in the decision-making process to achieve its ultimate goal of increasing sales and customer satisfaction by gathering the relevant information about a decision.
Step two of the decision-making process corresponds to gathering relevant information after the decision has been identified. At this stage, internal and external work is necessary, analyzing the errors and successes related to a past decision.
Therefore, it is necessary for company Z to seek information from different sources, such as the results of previous decisions, studies, market research and consultancy, to ensure greater chances of a decision being effective.
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Put the life stages of a contract in order. Four parts of an enforceable contract. Discharge can occur by performance or agreement. Reformation of the contract based on equity can occur by a court. Modification, delegation or assignment may occur.
The life stages of a contract in order are:
1. Offer: The first stage in the life cycle of a contract is the offer. One party offers something to another party. It's an invitation to conduct business or make a deal, and it's frequently made in writing.
2. Acceptance: After the offer has been made, the second phase of the life cycle of a contract begins. The offeree accepts the proposal made by the offeror, which creates an enforceable contract.
3. Consideration: The third stage in the life cycle of a contract is consideration. Consideration is the price paid by one party in return for the promise of the other party.
4. Capacity: The fourth stage in the life cycle of a contract is capacity. The parties must have the legal authority to enter into a contract. This means they must be of legal age, mentally competent, and not under duress, among other things.
Four parts of an enforceable contract are: Offer Acceptance Consideration Legal Capacity Discharge can occur by performance or agreement: When the parties to a contract have met their contractual obligations, performance is complete, and the contract is discharged by performance. Alternatively, the parties to a contract may mutually agree to discharge the contract by agreement. If the parties decide to do so, they may agree to rescind or modify the contract. Reformation of the contract based on equity can occur by a court: A court may order a contract to be reformed in equity if it is necessary to make it fair and just. It occurs when a contract does not reflect the parties' intentions due to a mutual mistake, fraud, or undue influence.
Modification, delegation, or assignment may occur: If the contract allows for it, the parties can change it by modifying it. In addition, if the contract allows for delegation or assignment, the parties may transfer their contractual rights and duties to another party.
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A company opened on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books. 1. The company received $13,800 cash for services provided 2. The company paid $2,400 cash for an insurance policy covering the next 24 months. 3. The company received $6,000 cash for services provided. 4. The company purchased $6,500 of office equipment on credit. 5. The company provided $3,050 of services to customers on account. 6. The company paid cash of $1,800 for monthly rent. 7. The company paid $3,400 on the office equipment purchased in transaction #5 above. 8 Paid $305 cash for January utilities. Based on this information, the balance in the cash account at the end of January would be: Muleple Choice $45,350 \$11.895 $19.600 $15.850
The balance in the cash account at the end of January would be $11,895.
Transaction #1: The company received $13,800 cash for services provided
Transaction #2: The company paid $2,400 cash for an insurance policy covering the next 24 months.
Insurance is an asset, therefore, $2,400 / 24 months = $100/month depreciation. For the month of January, $100 is expensed to Insurance expenses.
Transaction #3: The company received $6,000 cash for services provided.
Transaction #4: The company purchased $6,500 of office equipment on credit. No cash was paid out, therefore there was no impact on the cash account.
Transaction #5: The company provided $3,050 of services to customers on account. There is no impact on the cash account, but it would increase the accounts receivable account.
Transaction #6: The company paid cash of $1,800 for monthly rent.
Transaction #7: The company paid $3,400 for the office equipment purchased in transaction #5 above. No cash went out in transaction #5, therefore the $3,400 would only be allocated to the office equipment account.
Transaction #8: Paid $305 cash for January utilities.
Opening balance = $0+ $13,800 (Transaction 1)+ $6,000 (Transaction 3)
= $19,800- $2,400 (Transaction 2)
= $17,400+ $3,050 (Transaction 5)
= $20,450- $1,800 (Transaction 6)
= $18,650- $3,400 (Transaction 7)
= $15,250- $305 (Transaction 8)
= $11,895
Therefore, the balance in the cash account at the end of January would be $11,895.
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What is the basis of the law of demand?
Group of answer choices
Self-interested behavior
Marginal utility
Utility curves
Market timing
market timing
Explanation:
because that way u wont miss customers
When a consumer sells a product directly to another consumer with or without the help of a commercial intermediary, a _____ occurs.
a. consumer-to-consumer sale
b. consumer-to-retailer sale
c. retailer-to-retailer sale
d. retailer-to-consumer sale
When a consumer sells a product directly to another consumer with or without the help of a commercial intermediary, a consumer-to-consumer sale occurs.
Consumer-to-consumer sale occurs when a consumer sells a product directly to another consumer with or without the help of a commercial intermediary. This type of transaction is also known as C2C and is becoming increasingly popular due to the growth of online marketplaces and social media platforms that enable consumers to buy and sell goods and services directly with each other.
Examples of C2C marketplaces include eBay, Craigslist, and Marketplace. C2C sales are different from B2C (business-to-consumer) or B2B (business-to-business) sales, which involve a business selling to a consumer or another business. Option a is the correct choice.
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Summarize ms. stitt the requiremtns for dientfying the preparer and review of audit documentation.
To identify the preparer and reviewer of audit documentation, several requirements need to be considered. 1. Documentation: The auditor should maintain appropriate documentation that clearly identifies the preparer and reviewer for each document.
This includes audit workpapers, financial statements, and any other relevant materials.
2. Signature: The preparer should sign or initial the document to indicate their involvement in its creation. The reviewer should also sign or initial to indicate their review and approval.
3. Date: The preparer and reviewer should include the date when they performed their respective roles. This helps to establish a timeline of when the documentation was prepared and reviewed.
4. Titles and roles: The preparer and reviewer should have appropriate titles and roles within the audit team. This ensures that qualified individuals are responsible for the accuracy and quality of the documentation.
5. Independence: The preparer and reviewer should be independent from the area being audited to maintain objectivity and ensure the integrity of the audit process.
By following these requirements, auditors can easily identify the preparer and reviewer of audit documentation, ensuring accountability and quality control. This promotes transparency and confidence in the audit findings.
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By establishing property rights, governments provide _______ for people to create new goods and services.
1.thefts
2.incentives
3.Intangible assets
Answer:
2.incentives
Explanation:
There are many local, state, and federal government incentives available at the moment which are directed towards the home buyer, especially first home buyers of new homes.
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Ava has a large inventory of electric generators in a database table. Her boss asked her to create a
table of 100 to 500 kilowatt generators that can also be used during freezing weather. How can Ava
use this table to create a promotion for their customers?
As the existing customer of the company is concern, the list of individual of the database can be incentivized either by sales discount or gift during their next purchase of generator in the company.
What is Promotion in marketing?In marketing, a promotion refers to an form of communication, contact or action aimed at influencing people to buy more of their products or services.
In conclusion, as the existing customer of the company is concern, the list of individual of the database can be incentivized either by discount or gift on their next purpose of generator in the company.
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when business owners look at leading economic indicators, they generally are doing this to help predict what will happen over the following___
three to nine weeks
there to six years
six to nine months
three to six months