Sidney can file a complaint with the local board of assessment review.
A complaint is a formal legal document that sets forth the facts and legal grounds that the filing party or parties feel are adequate to sustain a claim against the party or parties against whom the claim is lodged, entitling the plaintiff to a remedy.
The same name is used for the same pleading under civil court rules in states that have absorbed the Federal Rules of Civil Procedure. This written document comprises the plaintiff's charges against the defence, the particular laws broken, the events that led to the disagreement, and any demands for justice made by the plaintiff.
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During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2021, you come across several items needing further consideration. Currently, net income is $93,000. A. An insurance policy covering 12 months was purchased on October 1, 2021, for $19,800. The entire amount was debited to Prepaid Insurance and no adjusting entry was made for this item in 2021. B. During 2021, the company received a $3,300 cash advance from a customer for services to be performed in 2022. The $3,300 was incorrectly credited to Service Revenue. C. There were no supplies listed in the balance sheet under assets. However, you discover that supplies costing $2,400 were on hand at December 31, 2021. D. Trojan borrowed $63,000 from a local bank on September 1, 2021. Principal and interest at 12% will be paid on August 31, 2022. No accrual was made for interest in 2021
The insurance policy was purchased on October 1, 2021, for $19,800. (Option A)
How do you explain the above answer?As the entire amount was debited to Prepaid Insurance and no adjusting entry was made for this item in 2021, we should make an adjusting entry to record the insurance expense for the period October 1, 2021 to December 31, 2021.
We can calculate the expense by multiplying the cost of the insurance by the ratio of the number of days in the period October 1, 2021 to December 31, 2021 to the total number of days in the policy (365).
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What centers provide general merchandise, clothing, furniture, and home furnishings as well as other services and recreational facilities
These shopping complexes, which are often referred to as super regional centers, provide a wide selection of general goods, apparel, furniture, and home furnishings, as well as a number of other services and leisure amenities.
What kind of space falls between offices and warehouses according to standard definitions?Flex space is a general term that refers to any structure (usually a single storey) that has a mix of office and retail space as well as warehouse space.
Which of the following are benefits of purchasing a single-family home for rental purposes?When investing in single-family rental properties, investors have a wide range of options for determining their returns. Huge tax deductions, passive rental income, and long-term capital appreciation of homes are a few benefits of purchasing single family rental properties.
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6) An investment will pay $5,000 at the end of each year for 25 years and on the date of the last payment will also make a separate payment of $40,000. If your required rate of return on this investment is 5%, how much would you be willing to pay for the bond today
An investment will pay $5,000 at the end of each year for 25 years and the last payment will also make a separate payment of $40,000. If your required rate of investment is 5%, the amount will be $82281.83.
What is an easy way to define investment?A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to utilize it as a source of immediate consumption, but rather as a tool for future wealth creation.
How Do Investments Operate?The simplest way to understand how investing works is to acquire an asset for a low price and then sell it for a higher price. This type of investment return is referred to as a capital gain. One strategy to make money investing is to generate returns by achieving capital gains or selling assets for a profit.
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Julius is asked to conduct an STP analysis for his firm. The first step he should perform in this analysis is to Multiple Choice conduct a SWOT analysis. divide the marketplace into subgroups. choose the best target markets. develop a business mission statement. reposition existing segments.
Julius is tasked with doing an STP study for his company. The initial stage in this study should be to split the market into subgroups. Hence, the correct answer is to divide the marketplace into subgroups.
What is STP in research?Grasp marketing and business strategy requires an understanding of the process of market segmentation, targeting, and positioning (STP). Most marketing textbooks present the STP approach as a simple three-step process. While that method provides a fantastic introduction to this marketing concept, it falls short of addressing the smaller parts of the STP process that must also be understood.
STP marketing (Segmentation, Targeting, and Positioning) is a three-step marketing framework. Using the STP technique, you separate your market, target your consumers, and place your offering in each category.
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Matt's wife is in the Army and has received orders to a military installation 2000 miles away. Matt resigns from his current job and he and his wife move across the country. Matt then actively searches for similar positions near the military installation where his wife is working. What type of unemployment is Matt experiencing
The answer to the type of unemployment Matt is experiencing is frictional unemployment.
The frictional unemployment period is the span of time between quitting a job voluntarily and finding another. As a result, it is frequently referred to as search unemployment, even though it also takes into account employment gaps caused by changing jobs. One of the three major types of unemployment, along with structural and cyclical unemployment, is frictional unemployment. Better job possibilities, services, pay, unhappiness with the prior position, strikes by labor unions, and other non-unionized work activities are some of the factors that contribute to frictional unemployment. Because jobs and workers are both diverse, there might be a mismatch in the features of supply and demand, leading to frictional unemployment.
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What do you think is the best economic system and why?
Answer: Economy system is important for many areas of society. It can help improve living standards and make society a better place.
A retailer inflated the price of its dining room sets so that when it put them on sale, it appeared to customers that they were getting a better deal than they really were. In doing so, the retailer was engaged in _______. Multiple choice question.
Skimming the price. Skimming entails setting exorbitant costs when an item is first released and then progressively dropping the price when additional competitors come onto the scene. This kind of pricing is good for companies entering emerging areas.
How does retail inflation work?The CPI tracks changes in the costs of goods and services at country, urban, and national levels as well as retail prices at a specific level for a certain item. CPI-based inflation, also known as retail inflation, is the term used to describe the change in the inflation figures over time.
What is inflation, exactly?Inflation is defined as the rate of price growth over a predetermined time frame. The rise in the general price level or the increase in the cost of living in a country are two examples of broad measures of inflation.
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In a manufacturing business, which of the following transforms finished goods into cash?
A)sales process
B)manufacturing process
C)inbound logistics
D)warehouse operations
E)outbound logistics
In a manufacturing business, sales process transforms finished goods into cash.so option A is correct.
What what is a sales process?A sales process is a series of reiterable stages that a salesperson follows to move a potential customer from the initial stage of awareness to a closed deal. Additionally, elite sellers invest, on average, 6 hours every week in locating and analyzing their prospects. The strategy your business uses to sell clients on your good or service is called the sales process, commonly referred to as a sales cycle. From the initial contact with a lead through the successful sale, there are several phases involved. Creating a relationship with a new person is comparable to the sales process.
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Although not formally given a leadership role, Belinda has a lot of influence on other team members. They like and respect her and feel she has a unique ability to help the team reach its goals. What is Belinda
However, this management approach results in little leadership or supervisory efforts from managers and impedes the development of workers who need guidance.
What exactly is a peer-to-peer relationship?Peer relationships are formed and strengthened by interpersonal contacts involving peers or people who have attained a similar level of psychological development. Peer relationships are a type of social support .
What are the advantages of P2P?These are a few benefits of P2P networks: P2P networks don't require an expensive server to function. A network manager is not required because each user is in charge of their own computer. P2P network configuration is done using software wizards. Both homes and small companies can set up P2P networks.
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If a company is using a skim pricing strategy and prices its product at a premium price, what happens with demand for its product
Since other companies will rapidly enter if they detect the product's available artificially high margins, skimming strategy might foster competition.
What is a skimming strategy for pricing?Skimming is a pricing technique that involves setting initial product prices higher and then lowering them when rivals enter the market. Skim pricing is the reverse of price strategy, which sets low initial rates for newly released items in an effort to attract a large consumer base.
Skimming is a term used to describe reading quickly to get the gist of the material without paying attention to its deliberate and intricate meaning. Skimming will ensure that you make efficient use of your time while assisting you in finding the information swiftly.
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Charles obtained his data on the number of births from the Census Bureau. This is an example of data. (Enter one word in the blank.)
Charles obtained his data on the number of births from the Census Bureau. This is an example of secondary data.
What does the Census Bureau do?The Census Bureau releases estimates of the population as well as statistics on migration, births, and deaths each year. Age, sex, and race may all be used to sort this data, along with country, state, and county of origin.A key component of the U.S. Federal Statistical System, the United States Census Bureau (USCB), sometimes known as the Bureau of the Census, is in charge of gathering information on the population and economy of the United States. The head of the Census Bureau, which is a division of the U.S. Department of Commerce, is chosen by the president of the United States.The main responsibility of the Census Bureau is to carry out the ten-year national census, which determines how many representatives in the U.S. House of Representatives each state receives.Learn more about Census Bureau refer to :
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Why is human resource management important to all managers? What is the role of line managers in human resource management?
A human resources department is also in charge of making sure that its employees are happy and healthy.
What is the significance of human resource management?
Without effective human resources management, companies would be unable to bring in and keep top personnel, expand and improve their operations, and maintain a supportive workplace environment.
HRD is seen as the secret to increased and improved productivity since it aids in the development of the knowledge, abilities, and attitudes that employers seek in their workforce.
Employee job satisfaction may rise as a result, and team members' ability to communicate with one another may improve.
Therefore, Management of human resources plays a crucial role in every organization.
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Online advertising has the unique feature of being interactive. The use of drop-down menus, built-in games, or search engines that engage viewers are excellent examples of Multiple Choice frequency media. flexible media. raw media. rich media.
rich media. A digital advertisement is referred to as "rich media" if it has cutting-edge features like video, music, or other components that entice viewers to interact and engage with the material.
Online advertising, sometimes referred to as Internet marketing, digital marketing, or web marketing, is a type of marketing and advertising that makes use of the Internet to advertise goods and services to target markets and platform users. Online advertising encompasses a variety of display ad kinds, including online banner advertising, email marketing, search engine marketing (SEM), social media marketing, and mobile advertising. Programmatic advertising refers to the delivery of advertisements using automated software platforms that operate across several websites, media services, and platforms. Online advertising typically combines a publisher who incorporates advertisements into its online content and an advertiser who supplies the adverts to be shown on the publisher's content, just like traditional forms of advertising media.
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Greg and Jerry are depositing money into savings accounts. Greg deposits $500 into an account
for 2 years with 2% interest. Jerry despots $700 into a different account for 1 year with 3% interest.
Who eams the greatest overall percent interest? Show your work and explain.
Answer: Jerry
Explanation:
Greg deposits $500 into an account for 2 years with 2% interest, the interest gotten will be:
= $500 × 2 × 2%
= $500 × 2 × 0.02
= $20
Jerry despots $700 into a different account for 1 year with 3% interest, the interest gotten will be:
= $700 × 1 × 3%
= $700 × 1 × 0.03
= $21
Based on the calculation, Jerry makes a greater interest.
Choose the most appropriate action for making a large purchase.
a. use a credit card with attractive perks and high interest
b. use a low interest credit card and wait until the last month to pay off debt
c. even if you have to make a few late payments, use a credit card for simplicity
d. pause before purchasing to ask yourself, "do i need this item and can i afford it?"
please select the best answer from the choices provided a b c d
The most appropriate action for making a large purchase is pause before purchasing to ask yourself, "Do I need this item and can I afford it?"
Hence, Option D is correct.
What do you mean by payment?
Cash (bills and change) is one of the most widely used payment methods.The buyer's account is used to order personal checks (US checks).Debit Card: When using a debit card to make a purchase, the money is taken right out of the customer's account. In general, using credit cards as a form of payment when shopping online is the safest and most secure option. Your accounts and personal information are protected using credit cards' online security features, such as fraud monitoring and encryption.An IRA or other qualified retirement plan can be funded before the age of 5912 without incurring IRS penalties by using a SEPP, or substantially equal periodic payment.To know more about Credit card here
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Economic guided reading 7-3
The economy fluctuates between periods of expansion (growth) and contraction, which is referred to as the "economic cycle," sometimes known as the "business cycle" (recession).
What is Economic cycle?The present stage of the economic cycle can be determined using variables like gross domestic product (GDP), interest rates, total employment, and consumer expenditure.
Since the economic cycle directly affects stocks, bonds, profits, and corporate earnings, understanding it can help investors and businesses decide whether to invest and when to withdraw their funds.
The stage of the economic cycle we are in at the moment can be determined by variables like GDP, interest rates, total employment, and consumer spending.
Therefore, The economy fluctuates between periods of expansion (growth) and contraction, which is referred to as the "economic cycle," sometimes known as the "business cycle" (recession).
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An agent employed at First XYZ Securities produces his own research reports and provides them to a select group of personal clients. The agent has written permission from his employer to engage in this activity, provided the time spent on the project is conducted after working hours. Under the Investment Advisers Act of 1940, if the agent does not charge fees for the research but receives commissions from his employing broker-dealer for trades executed through the firm, A) the agent must register as an investment adviser representative B) the agent must register as an investment adviser because the research is being done after hours C) the broker-dealer must register as an investment adviser and the agent as an investment adviser representative D) neither the agent nor his employing broker-dealer need register as an investment adviser
Answer:
D) neither the agent nor his employing broker-dealer need register as an investment adviser
Explanation:
In the given scenario the agent produces his own research reports and provides them to a select group of personal clients.
He has permission from his employer to do this.
According to the Investment Advisers Act of 1940 the agent will only be excluded from being an investment advisor when he receives special compensation for giving investment advise.
Special compensation is when the agent is paid even when there are no transactions occuring.
In this case it's only when there is a transaction that the agent gets paid a commission. So this is not a special compensation.
As such neither the agent nor his employing broker-dealer need register as an investment adviser.
what would you do if you were offered a promotion that you were not certain about accepting? What factors would you take into account when making your desicion?
Answer:
Answer
Explanation:
I would most likely accept the promotion.
Several factors would influence my decision.
- The new scope of responsibilities
This will include all the additional risks and tasks that I will get by accepting the promotion. Taking new responsibilities might sound scary, and many people will be discouraged by this. But at some point, all great leaders are someone without any experience too. As long as we are open to criticism, we will adapt to our new responsibilities.
- the new pay raise
Economic gain usually comes with promotion. It will motivate me to do more for the company.
- The likelihood of me getting another promotion chance
Chances like this do not come often in our life. The fact that I'm offered a promotion means that the higher up has reviewed my previous work result and determine that I'm the best option for them. I would not let this chance go to waste.
Most likely the amount of hours compared to the pay.
Would the new responsibilities, added hours, and/or the extra stress be worth the money and perks that came with said position?
For example, if I'm starting an 9-3 job as a secretary and I get offered a position to be a 9-5 salesperson, are the extra hours being matched by pay, benefits, or more flexibility in scheduling/vacation time/job perks?
And if you had a family you may take the financial and home-life factors into play. Ex: Do my kids need to get to school? Will a spouse be working at this time too? Or will I have a pet who can't be left alone for this long?
Hope this helped!
Mark, David, Tia, and Ashley are team members in a computer programming class. they have been assigned the task of creating a computerized payroll system. Mark and tia worked very hard and created programs that worked well. David and Ashley, however, did not work as hard as they could and created programs with numerous errors. This resulted in payroll system which could not be implemeted. The team's poor performance that was a results of David and Ashley not doing their best can be termed as ______________.
Answer:
Motivational Loss
Explanation:
The motivation loss or social loafing would be reduction in the effort of an individual in the case when the people work in the groups as compared the work done individually. Since Mark and tia work very hard but on the other hand david and ashley didnot work had as they would have numereous errors so the poor performance of the team would represent the motivational loss
Freya wants to use her debit card to purchase a $135 tablet computer. What must Freya consider before using her debit card
As a result, Freya does not need to check her account's interest rate before making the purchase. She doesn't have to make sure she can pay the bills every month because they won't be needed.
What kinds of credit are available to borrowers?Credit can be divided into three categories: open credit, revolving credit, and installment credit There is a distinct structure for borrowing and repaying each of these.
Freya must take into account the following before using her debit card to purchase the $135 tablet computer:
A. She needs to make sure that her bank account has at least $135 available for the purchase.
C. She needs to make sure that her account has any scheduled automatic payments.
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Full Question = Freya wants to use her debit card to purchase a $135 tablet computer. What must Freya consider before using her debit card? Check all that apply. She must be sure there is at least $135 in her bank account for the purchase. She must check the interest rate on the debit card. She must check to see if any automatic payments are scheduled for her account. She must check her credit history. She must make sure she will be able to make the monthly payments.
If the reserve ratio increased from 10 percent to 20 percent, the money multiplier would: A) rise from10 to 20.
B) rise from 5 to 10. C) fall from 10 to 5. D) fall from 20 to 10 E) not change
C) fall from 10 to 5. If the reserve ratio increased from 10 percent to 20 percent, the money multiplier would fall from 10 to 5 This means that they have less money available to lend, resulting in a decrease in the money supply.
The money multiplier is the amount by which the money supply is increased by each unit of increase in reserves. It is calculated as the reciprocal of the reserve ratio, which is the percentage of deposits that banks are required to hold in reserve. The money multiplier is inversely related to the reserve ratio, which means that if the reserve ratio increases the money multiplier decreases. The money multiplier formula is: Money Multiplier = 1 / Reserve Ratio. So in this case, if the reserve ratio increased from 10 percent to 20 percent, the money multiplier would be: 1 / 0.20 = 0.05.
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What is meant by scarcity ?
Scarcity is a foundational concept in economics, representing the limited availability of goods, services, or resources in comparison to the high level of desire for them.
It is a basic economic problem that arises out of the conflict between limited resources and unlimited wants. When something is scarce, it means that there is a limited amount of it available to be shared by everyone.
This can lead to higher prices and competition over resources, creating a situation in which people must make choices between competing alternatives. Examples of scarce goods include oil, land, food, and water.
Scarcity is a basic economic concept that describes the finite nature of resources. It refers to the limited availability of a good or service, compared to the demand for it.
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which of the following is not true when determining the selling price for a product?
When it comes to determining the selling price of a product, as long as the selling price exceeds the variable cost, it cannot be said to be profitable in the short term. So the correct choice is A.
What do you mean by variable costing?Variable costing is a cost concept in management accounting. Manufacturing a product using this technology incurs manufacturing overhead. This solves the problem of absorption costs and allows you to grow your income to match your performance. Absorbed cost strategies allow managers to shift costs to the next period when items are sold. This artificially increases revenue throughout the manufacturing cycle as it incurs fewer costs than the variable cost approach. Variable pricing is generally not used for external reporting. Income statements must be calculated under GAAP under the Tax Reform Act of 1986.
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The complete question is as follows:
Which of the following is not true when determining the selling price for a product?
a. As long as the selling price is set above the variable costs, the company will make a profit in the short run.
b. Both variable and absorption pricing plans should be considered, to include several pricing alternatives.
c. Absorption costing should be used to determine routine pricing which includes both fixed and variable costs.
d. Variable costing is effective when determining short-run decisions, but absorption costing is only used for long-term pricing policies.
Ann Marie is a tenant with a triple net lease. Per her lease, she pays for which of the following expenses related to the property
Tenant Ann Marie has a triple net lease. Per her lease, she pays for the expenses required for Taxes, maintenance, insurance related to property.
What do you mean by a tenant?
Since a lease entails agreeing to the tenant's obligation to pay the consideration, the lessee/tenant must also be able to enter into contracts. Therefore, a child or a person who is inebriated cannot be a tenant. A juristic person, such as a company or registered firm, may also be the lessee; however, an unregistered firm is ineligible to be a lessee because it is not a juristic person. When a partner signs the lease deed on behalf of a tenant company, the tenant company remains the lessee even after the partner retires and there is no subletting by the partner to the tenant company.
So, The required answer is Taxes, maintenance, insurance related to property.
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if r represents the reserve ratio for all banks in the economy, then the money multiplier is
a. (1+R) /R
b. 1/(1-R)
c. 1/(1+R)
d. 1/R
The money multiplier is calculated as follows: 1/R, where R is the reserve ratio of all banks in the economy.(option d)
What does "reserve ratio" mean?The minimum ratio necessary by law for the commercial banks of the economy to hold the deposit with themselves is denoted by the symbol r, which stands for required reserve ratio or cash reserve ratio. This same holds true for the RBI, which serves as India's central bank. The amount of reservable liabilities that commercial banks must keep onto rather than lend out or invest is known as the reserve ratio.
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How to calculate monthly payments with interest?
To calculate monthly payments with interest, use the following formula:
M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]
Where,
M = monthly payment
P = the principal loan amount
i = the monthly interest rate (expressed as a decimal)
n = the number of payments (months)
This formula is known as the annuity formula. It is used to calculate the regular fixed payments that are made on a loan or mortgage over a period of time. The principal loan amount is the initial amount of the loan. The monthly interest rate is the annual interest rate divided by 12. The number of payments is the number of months over which the loan will be repaid. The formula calculates the monthly payment by multiplying the principal amount by a fraction that takes into account the interest rate and the number of payments.
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Company U has no debt outstanding currently and the cost of equity is 12%. Its EBIT is expected to be $ 201896 every year forever. The tax rate is 35%. Calculate the value of the firm. Company U has no debt outstanding currently and the cost of equity is 12%.
The value of the firm Company U has no debt outstanding currently and the cost of equity is 12%. Hence, the correct answer is $ 10,93,603, $1252326, and 14.51%.
What is equity?Equity is ownership of assets that may be burdened by debts or other responsibilities. Accounting equity is calculated by subtracting liabilities from the value of assets. For example, if someone owns a car worth $24,000 but owes $10,000 on the loan used to purchase it, the $14,000 difference is equity. Equity can refer to a single item, such as a vehicle or a home, or it can refer to a whole firm. A company that needs to start up or expand its operations might sell its stock to generate funds that do not have to be returned on a defined timeline.
1) Where there is no debt
Value of Company U = EBIT(1-tax rate) / Cost of Equity
= 201896(1-35%) / 12%
= 201896(1-0.35) / 0.12
= 201896(0.65) / 0.12
=131232/0.12
=$ 10,93,603
2) Where the company borrows $ 453493 and uses the proceeds to repurchase the shares
Value of company U = Value of unlevered firm + (Debt x tax rate)
= 1093603 + (453493 x 35%)
= 1093603 + 158723
= $1252326
3) here the value of equity = value of the company - the value of debt
= 1252326 - 158723
= $1093603
Thus debt to equity ratio = Debt/equity
= 158723/1093603
=0.1451
i.e 14.51%
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A customer buys $10,000 worth of new issue municipal bonds at a price of 104, and the bonds have 10 years to maturity. Four years after purchasing the bonds, she sells them at 99. What is the tax loss on these bonds
The tax loss on these bonds is D) 340.
The tax loss is a a situation in which a company or investment loses money in a particular period, so there is no tax to pay on it, and in some cases tax paid on profits in previous periods can be got back: If you make an investment that creates a tax loss, you can then use this loss to reclaim income tax paid previously.
To calculate the tax loss:
-40/10yrs = $-4 every year
-4*4 = +16
-1040-16 = -1024 + 990 = 340
A customer buys $10,000 worth of new issue municipal bonds at a price of 104 and the bonds have 10 years to maturity. Four years after purchasing the bonds, she sells them at 99. What is the tax loss on these bonds?
A) 400.
B) 500.
C) 160.
D) 340
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How will the workplace change in the future?
The workplace of the future will be more flexible and virtual, with technology playing a larger role in how work is done.
What is workplace?
Workplace is the physical and virtual environment where people come together to work and collaborate. It includes all the tools, technology, processes, and structures that enable work to be completed and goals to be achieved. It also includes the physical workplace such as office buildings, factories, and retail centers, as well as virtual workspaces such as online meetings and virtual workspaces. It includes the processes, policies, and procedures that ensure the effective functioning of an organization and the development of its employees. Workplace also encompasses the culture, values, and practices that shape the way people interact, collaborate, and work towards common goals.
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When money is acting as a store of value, it allows an individual to:
A. Exchange goods for other goods/services in the economy
B. Measure value of goods/ services in the economy
C. Transfer dollars, and therefore purchasing power, into the future
D. Trade money for goods/services
When money serves as a store of value, it enables a person to carry over money and, consequenatly, purchasing power into the future.
What do you mean by purchasing power?
The quantity of products and services that may be bought with a certain amount of money is known as purchasing power. For instance, if someone had gone to a store in the 1950s with one unit of money, they could have purchased more products than they could now, proving that money back then had more purchasing power.
The buying power of that revenue generating decreases if one's income remains constant but prices rise. Since one's income may increase more quickly than the level of prices, inflation does not necessarily mean that one's purchasing power would decrease.
So, The correct option is C.
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