The amount of the casualty loss may Robinson claim after consideration of threshold limitations is $12,900. Thus, the correct option is (A).
A casualty loss occurs when your property is damaged, destroyed, or destroyed as a consequence of a sudden, unexpected, or uncommon occurrence such as a flood, storm, tornado, fire, earthquake, or volcanic eruption.
Normal wear and tear or gradual degradation are not considered casualties.
A casualty loss is a sort of tax loss caused by an unexpected, abrupt, or unusual incident.
Here,
Calculate the loss amount as follows:
Particulars Amount
The lower decline in FMV ($200,000)
or AB of property ($350,000) $200,000
Insurance Reimbursements (175,000)
Less: $100 per casualty (100)
Less: 10% × AGI (12,000)
Casualty loss deduction $ 12,900
Therefore, the correct option is "A".
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This is an incomplete question, the complete question is:
Robinson's personal residence was partially destroyed by fire in a wildfire that was a federally declared disaster. Its fair market value (FMV) before the fire was $500,000, and the FMV after the fire was $300,000. Robinson’s adjusted basis in the home was $350,000. Robinson settled the insurance claim on the fire for $175,000. If Robinson's adjusted gross income for the year is $120,000, what amount of the casualty loss may Robinson claim after consideration of threshold limitations?
A.$12,900
B.$13,000
C.$24,900
D.$25,000
What specific marketing actions would you propose that mall of america managers take to ensure the continuing success in attracting visitors (a) from the local metropolitan area and (b) from outside of it?
Offer different retail options that attract new customers, and international stores that will attract people from outside the market. Provide increased security, entertainment, and amenities to make people feel safe and welcome.
What are some of the potential benefits of a more formalized approach to forecasting?
A more formalized approach will make it easier to translate the data into quantitative terms and use the help of computer forecasting tools.
Jo has 100 hits in softball. 5 hits are home runs. What % of her hits are home runs?
the answer is 20% 100÷5=20
Answer:
20%
Explanation:
On a 3-day fishing trip, 4 adults consumed food costing $60. for the same costs per person per day, what would be the cost of food consumed by 7 adults during a 5-day fishing trip?
The total cost is $175.
The first thing that you need to do is calculate the per day cost per person.
$60 was spent on a three day trip. $60/2 = $20 per day. There were 4 adults on the trip, so $20/4 = $5. The cost of food is $5 per person per day.
On a trip with 7 adults the formula to solve the total cost is:
7 adults x 5 days x $5/day = $175.
Final answer:
The cost of food for 7 adults on a 5-day fishing trip, at the same cost per person per day as the original group, would be $175.
Explanation:
To solve the problem of determining the cost of food consumed by 7 adults during a 5-day fishing trip, based on the original cost of $60 for 4 adults over a 3-day period, we can set up a unit cost per person per day. First, we find the cost per person per day for the initial trip by dividing the total cost by the number of adults and by the number of days:
Total Cost for 1 adult for 3 days = $60 / 4 adults = $15
Cost per person per day = $15 / 3 days = $5
Now, we use this unit cost to calculate the cost for 7 adults for 5 days:
Total Cost for 7 adults for 5 days = (7 adults) x (5 days) x ($5 per person per day) = 7 x 5 x 5
Total Cost for 7 adults for 5 days = $175
Therefore, the cost of food consumed by 7 adults over a 5-day period, at the same cost per person per day, would be $175.
Traditional savings account can you add to the balance regularly
Yes, you can add to the balance of a traditional savings account regularly. This practice, called regular savings, helps you build your savings over time and earn interest. The amount of interest you accrue depends on your bank's interest rate.
Explanation:Yes, with a traditional savings account, you are allowed to add to the balance regularly. This is actually a common practice referred to as regular savings. Regular savings involves depositing a consistent amount of money into your savings account on a routine basis, be that weekly, monthly, bi-monthly or any other interval. Doing so helps in building your savings over a period of time and also in accruing interest. The interest accrued will also depend on the interest rate offered by your bank or the financial institution where the account is held.
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Yes, you can add to the balance of a traditional savings account regularly. Traditional savings accounts are designed to accommodate periodic deposits and contributions. correct option is a.
These accounts provide a safe and straightforward way for individuals to save money over time. You can make deposits into your savings account as frequently as you like, whether it's through direct deposits from your paycheck, transfers from your checking account, or in-person deposits at your bank's branch. Adding to your savings balance regularly allows you to steadily build your savings and accrue interest on the growing sum, helping you achieve your financial goals and create a financial safety net. Keep in mind that while traditional savings accounts offer security and liquidity, the interest rates they offer may be relatively low compared to other investment options, so you may want to consider other investment vehicles for potentially higher returns on your savings.
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Complete question is:
Traditional savings account can you add to the balance regularly.
a. true
b. false
Anna and Ken go to their bank for a home equity line of credit. What collateral can they use to obtain a secured loan?
They can use their ___ as collateral and use the money to ___.
1.
a) Car
b) Home
c) boat
d) savings account
2.
a) buy groceries
b) purchase household appliances
c) pay for emergency medical services
d) buy furniture
1) B home 2) pay for emergency medical services
Answer:
Home and pay for emergency medical services.
France's thomson electronics combined with china's tcl to form tcl-thomson electronics. thomson owns 33% and tcl owns the remaining 67% of tcl-thomson electronics. this is best described as a(n) ________.
Equity strategic alliance.
This is a partnership where 2 or more firms own different levels of equity in the company and each bring their own strategic advantages and company resources to the table.
France's Thomson Electronics' combination with China's TCL, with 33% and 67% ownership respectively, to form TCL-Thomson Electronics is an example of a joint venture.
The business arrangement described here, where France's Thomson Electronics and China's TCL have combined to form TCL-Thomson Electronics with ownership stakes of 33% and 67% respectively, is best referred to as a joint venture. A joint venture is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In this case, Thomson Electronics and TCL have entered into a joint venture by combining resources to form TCL-Thomson Electronics.
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In the sentence We were hoping for an increase in revenue, the verb were is ____.
Answer:
First person plural simple past tense.
Explanation:
The speaker is referring to himself and others - First Person Plural
Since the expectation was in the past, it is a Simple Past Tense
Explain how motor vehicle production is a bulk-gaining industry ap human geo
A bulk gaining industry is one where the product gains weight or volume through the production process (the whole is greater than the sum of the parts). Due to logistical and transportation costs it is advantageous to produce bulk-gaining materials closer to where they are sold. This is why foreign car companies (Toyota, mazda, etc) have US-based production plants to save on these costs.
Motor vehicle production is a bulk-gaining industry in AP Human Geography, where the final product gains weight or volume during production. Factories need to be close to the market to reduce transportation costs. Example: adding various components to a car during assembly.
In AP Human Geography, motor vehicle production is considered a bulk-gaining industry. This means that the final product of the industry, in this case, motor vehicles, gains weight or volume during the production process. Each stage of the manufacturing process adds parts and components to the vehicle, increasing its size and weight.
For example, when a car is produced, the assembly line adds various parts such as the engine, transmission, seats, and body panels. These additional components make the final product weigh more than its individual parts combined. As a result, motor vehicle production often requires factories to be located close to the market where the vehicles will be sold. It reduces transportation costs as shipping a fully assembled vehicle long distances can be expensive due to the increased weight and volume.
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Can poorer countries do well on these alternative measures of well-being? could people be misled about differences in living standards if they only compared different countries levels of gdp per person? explain.
Yes, they could be mislead about the standard of living if only looking at the GDP. To understand the standard of living other factors need to be considerd to offer a complete perspective. For example some countries have black markets which increase the standard of living.
How long does Bankruptcy stay on your credit report?
The bankruptcy public record is deleted from the credit report either seven years or 10 years from the filing date of the bankruptcy, depending on the chapter you filed. Chapter 13 bankruptcy is deleted seven years from the filing date because it requires at least a partial repayment of the debts you owe
If you are trying to reduce the cost of college, what strategies is likely to save you the most money?
The strategies will save you the most money includes:
attending an in-state public universitypurchasing used booksliving in an off-campus apartmentWhat are saving strategy?These are strategy used to reduce the overall expenses that might be incurred.
Therefore, the decision to attend an in-state public university, purchase used books and live in an off-campus apartment will reduce the cost of college.
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Final answer:
To reduce the cost of college, start planning early, look into grants and scholarships, save money through prepaid tuition and 529 plans, and understand the economic factors influencing the opportunity cost of attending college. Financial planning and advocacy for affordable education are key strategies.
Explanation:
If you are trying to reduce the cost of college, adopting a strategic approach can lead to significant financial savings. An effective strategy to save money is to start planning early. Engage with school counselors and the college's financial aid office to explore grants and scholarships. Meeting application deadlines is crucial to take advantage of these financial aids. Additionally, saving money before college through methods such as prepaid tuition and education savings (529) plans can alleviate future financial stresses. When considering the affordability of college education, students can get involved by advocating for policies that aim to reduce tuition costs or by supporting initiatives that provide wider access to financial assistance.
Further, regarding economic factors such as a recession, it might be advantageous to pursue college if you are unemployed, as the opportunity cost is lower. In this scenario, you aren't sacrificing work hours and income, which could otherwise be a barrier to furthering your education. However, remember that obtaining higher education and saving money requires sacrifices and might involve living modestly to minimize expenses and debts.
"does sms text messaging help or harm adults' knowledge of standard spelling?"
I’d say Harms, but then again I’d also say helps it’s a mix I guess
When you die intestate you have given the court or state the privilege of determining burial arrangements beneficiary needs divisions of estate to charities guardians of dependents?
When you die "inestate" (aka without a will) state laws will determine how your assets are divided and who they go to. Most arrangement like funeral/burial, etc are handled by family or next-of-kin and state laws will again determine certain arrangements when the deceased person's wishes were not recorded through a will.
When nathan applied for a loan to expand his sailboat business, the bank required that his financial statements be carefully examined by a cpa. the bank is requiring nathan to have his financial statements?
audited, This is an example of an audit
The country of belize exported $395 million of goods in 2009 and imported goods worth $616 million during the same year. this would suggest that belize has a(n) _______.
When a county exports more than it imports the country has a negative trade balance.
Social media measurements are meaningless if:
a. they consider investment per fan and follower.
b. they are not tied to key performance indicators.
c. they do not focus on return on investment.
d. they consider the rate of accumulation.
Social media measurements are meaningless if: they lack context. B) is correct
What are the different types of banking institutions
Central Banks, Retail Banks, Commercial Banks, Shadow Banks, Investment Banks, Cooperative Banks, Credit Unions.
_______ is an alternative dispute resolution technique where a third party urges disputing parties to deal directly with each other in a positive and constructive manner.A. OmbudsmanshipB. FacilitationC. Peer reviewD. MediationE. Arbitration
The correct answer is choice d.
Mediation is an alternative dispute resolution technique where a third party urges disputing parties to deal directly with each other in a positive and constructive manner. The third party is called the mediator.
Average fixed costs always decrease as q increases.
a. True
b. False
The answer is true, as long as the variable q equals the number of products sold or produced.
The fixed cost total amount does not change, so if you are spreading it out over more items or products it is always going to decrease per item.
A group of architects and engineers has been organized to plan the construction of a new bridge. the team members are getting to know each other and are setting some preliminary ground rules. this group is in the _____ stage of team development.
a. forming
b. reforming
c. storming
d. performing
e. norming
The answer is e norming
Answer:
a. forming
Explanation:
The forming–storming–norming–performing model of group development was first proposed by Bruce Tuckman who said that these phases are all necessary and inevitable in order for the team to grow, face up to challenges, tackle problems, find solutions, plan work, and deliver results.
Forming: The team meets and learns about the opportunities and challenges, and then agrees on goals and begins to tackle the tasks. Team members come together to become oriented to the tasks as well as to one another. They meet and deliberate on defining the scope of the task, how to approach it, and similar concerns. How to move from this stage to the next, each member must relinquish the comfort of non-threatening topics and risk the possibility of conflict.
Paul, an engineer in a corrugated box manufacturing company, sets himself a goal of completing the design for a new display box for a major customer by the end of the week. he decides to reward himself by playing golf over the weekend if he is able to complete the project on time. this is an example of:
Suppose that the natural rate of unemployment in a particular year is 4 percent and the actual rate of unemployment is 7 percent. instructions: enter your answers as whole numbers.
a. use okun's law to determine the size of the gdp gap in percentage-point terms.
b. if the potential gdp is $500 billion in that year, how much output is being forgone because of cyclical unemployment?
Answer:
a. The GDP gap is: 6%
b. The forgone output is: $30 billion
Explanation:
GDP (gross domestic product) is the output produced within a country in a given time period. Okun's law establishes an inverse empirical relationship between unemployment and losses in productivity of a country. In terms of output, Okun's law states that for every percentage increase in cyclical unemployment, a country's potential output is lowered by 2%. Cyclical unemployment is the difference between the natural unemployment rate and the actual unemployment rate.
In this scenario, the natural rate of unemployment is 4% and the actual rate is 7%. Therefore, unemployment due to business cycle fluctuations is: 3% . Since the output gap is double the percentage increase in unemployment, the output or GDP gap is 6%. The dollar amount of the GDP gap given the $500 billion potential GDP is (0.06 * 500) = $30 billion
Using Okun's Law, the GDP gap with an actual unemployment rate of 7 percent and a natural rate of 4 percent is 6 percent. Consequently, for a potential GDP of $500 billion, the economy is forgoing $30 billion in output due to cyclical unemployment.
Suppose that the natural rate of unemployment in a particular year is 4 percent and the actual rate of unemployment is 7 percent. Using Okun's Law, we can determine the size of the GDP gap and the amount of output forgone due to cyclical unemployment.
a. Size of the GDP Gap
According to Okun's Law, for every 1 percent that the actual unemployment rate exceeds the natural rate, a negative GDP gap of approximately 2 percent of potential GDP is created. Hence, the difference between the actual and natural rates of unemployment is 3 percent (7% - 4%). Applying Okun's Law, the size of the GDP gap is 6 percent (3% * 2).
b. Output Forgone Due to Cyclical Unemployment
With potential GDP at $500 billion, a 6 percent GDP gap implies that $30 billion of output is being forgone (6% of $500 billion). This loss in output is attributed to the difference between potential and actual employment levels, illustrating the economic consequence of higher-than-natural unemployment rates.
Why is it important to look at external sources of information when exploring product and service information?
They help you find information about the product’s actual performance. It's good to get other's input and experience with the product/service.
Answer:
They help you find unbiased information about the product’s actual performance.
Explanation:
We all have a tendency to highlight our good actions and successes, while hiding our bad actions or failures. The same happens within a business, upper management usually gets the reports with all the wonderful statistics about how great the company's products are and how good our customer service is. Reports containing information about failures or customers' complaints are usually extremely short and not very detailed compared to the essays highlighting success.
So if you want to research information about how good or bad a product or service is, you must look outside. It is plain common sense, no employee likes to put his/her job at risk by writing about how bad the company's products are. That is why independent consultants are hired.
It is estimated that firms lose ___________ annually in productivity, absenteeism, and employee turnover due to caring for aging parents.
Answer:
$11 billion annually.
Explanation:
Firms carried out assessments based on their daily activities as well as employee assessment.
Employees in firms are assessed based on their productivity level, rate at which they are absent from work as well as their turnover rate in the firm.
Low productivity can be defined as a decrease in the production capacity of a firm due to the inefficiency of workers.
Absenteeism can be defined as when a person is not present at work. This may be due to genuine or deliberate reasons.
Employee turnover can be defined as the number of employees who leave a firm and are replaced with new employees.
Low productivity, consistent absenteeism and employee turnover rates are said to cause firms to lose a lot of money due to:
a. Payment of salary for absent workers
b. Having to find replacement for absent staffs.
c. Low productivity due to lack of or absent staffs.
It is estimated that firms lose $11 billion annually in productivity, absenteeism, and employee turnover due to caring for aging parents.
Absenteeism, estimated to cost companies $74 billion annually, significantly impacts productivity due to unscheduled employee absences, often resulting from health problems including caregiving responsibilities. Wellness programs targeting employee health are effective in reducing absenteeism.
Explanation:The question pertains to the economic impact of absenteeism in the workplace due to employees caring for aging parents. Absenteeism refers to unscheduled absences from work and is a significant cost to companies, estimated at $74 billion annually. The unpredictability of absenteeism forces companies to find last-minute replacement workers, resulting in additional costs such as hiring contingent workers, paying overtime, or managing work disruptions. A notable part of absenteeism is attributed to health problems, including the stress and responsibilities associated with caring for elderly family members. Implementing wellness programs targeting employee health has been identified as an effective strategy to reduce absenteeism, by focusing on proactive health management and support for employees dealing with such caregiving responsibilities.
Enterprise application vendors have created ________ to make their own customer relationship management, supply chain management, and enterprise systems work closely together with each other. select one:
a. middleware
b. e-business suites
c. cloud solutions
d. erp systems
e. legacy systems
b. E Business Suites
a user interface (ui) is the key to _____, which includes user satisfaction, support for business functions, and system effectiveness.
Fletcher signs a contract to buy a new electric guitar and amplifier just before reaching the age of majority. after reaching the age of majority, fletcher does not take possession or make payments. with respect to the contract, most courts would hold that this is
a. emancipation.
b. ratification.
c. disaffirmance.
d. rescission.
The answer is disaffirmance.
Disaffirmance, in the context of contract, means making a contract void. It means that the person who enters this contract declares that he or she will not be abide by it.
It also means that the individual would not have any legal obligations that she or he will be responsible for by voiding the contract. It usually applies for people who come into the age of majority.
In this legal scenario, the correct concept is disaffirmance related to a contract involving the purchase of an electric guitar and amplifier. Fletcher's lack of action post-reaching the age of majority constitutes disaffirmance. The correct answers are B and C
Ratification is the correct choice. In the context given, after reaching the age of majority, if Fletcher does not take possession or make payments for the electric guitar and amplifier that were contracted before reaching the age of majority, this would likely be seen as a form of disaffirmance. Disaffirmance refers to the action of voiding or rejecting a contract by a party who lacks the legal capacity to enter into such a contract.
The ability of a marketer to identify customers before they make a purchase is called:
a. addressability.
b. connectivity.
c. interactivity.
Explain why a city council meeting to discuss hiring more city employees must be open to the public, while a meeting to discuss firing an employee can be closed
Answer:
The answer is because people should know who is coming into office, but they do not have the right to know why someone is being fired for private reasons.
Explanation:
It’s important for the hiring discussion to be made public by the city council since it relates to the use of public funds to compensate these additional workforces. In contrast, firing processes do not relate to incurring funds and thus the public does not need to know about the reasons of the firing.
Answer:
Heres the sample response :D
Explanation:
Possible Answer: Answers will vary but students should realize that sunshine laws require the former meeting to be open because it involves general policies and decision making, while in the latter meeting the privacy rights of the employee might be involved.