Please help with this problem this is a tax business class.

Please Help With This Problem This Is A Tax Business Class.

Answers

Answer 1

Whenever beneficiary of a life insurance policy receives a death benefit, this money (benefit) is not counted as taxable gross income. Hence, in this case, even if Lauren report $10,000 as earned benefit, such benefit is not taxable.

What does Taxable Income mean according to IRS?

Taxable income is defined as any gross income earned that is used to calculate the amount of tax owed. Simply put, it is your taxable income less any deductions. This includes any employer wages, tips, salaries, and bonuses. Unearned income and investment income are also included.

Adding up all sources of income, excluding nontaxable items, and subtracting credits and deductions yields the taxable income. The IRS considers almost all types of income to be taxable, but a few income streams are not.

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Related Questions

Which one of the following polyatomic ions has the same charge as the hydroxide ion? Select one: a. carbonate
b. nitrate c. phosphate d. sulfate e. ammonium.

Answers

Nitrate has the same charge as the hydroxide ion. One oxygen is joined to one hydrogen to form the negatively charged hydroxide ion.

What is Nitrate?

The chemical formula for nitrate is NO3, and it is an inorganic substance made up of one nitrogen atom (N) and three oxygen atoms (O). Health risks from nitrate do not typically arise until it is converted to nitrite (NO2).

The majority of nitrate used in industry goes toward fertilizing lawns or crops. Additionally, nitrate and nitrite are used to make explosives, ammunition, and various pharmaceutical medications as well as to preserve food.

Nitrate is a naturally occurring substance that is present in some foods (like spinach and carrots) at amounts that are safe and nutritious. It is produced by natural processes like plant degradation. Numerous fertilizers used on lawns, golf courses, and crops include nitrate. Animal wastes and sewage system discharge are two more sources of nitrate.

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How is learning about the elderly and the prices of goods connected to something you know about?

Answers

Learning about the elderly and the prices of goods is connected to inflation because it shows how prices have changed overtime.

What can we learn about inflation from the elderly ?

Learning about the elderly and the prices of goods can be connected to inflation in several ways. One of them is the elderly population tends to have a lower income and may be more sensitive to changes in the prices of goods and services. They may be more affected by inflation, as they may not have the means to adjust their spending habits to accommodate price increases.

Another is the cost of living, which includes the prices of goods and services, is a key factor that affects the standard of living for the elderly population. Inflation can increase the cost of living, making it more difficult for the elderly to afford the necessities of life.

Inflation can also reduce the purchasing power of the elderly, as their fixed income may not keep pace with rising prices. This can make it more difficult for them to afford the goods and services they need, and can lead to a decline in their standard of living.

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Scheduling in service-providing firms focuses on when to assign employees and equipment to accomplish the work most efficiently without the benefit of:
A. Employees
B. Physical Inventory
C. Customers
D. Gobal Network.

Answers

Scheduling in service-providing firms tend to focus upon when to assign employees and equipment in order to accomplish the work most efficiently without the benefit of physical inventory.

Service-providing firms must optimize their scheduling to assign employees and equipment to accomplish the work most efficiently. This can be a complex task and involves balancing a number of factors such as availability of staff, customers, equipment, and resources within the global network.

However, the most important thing to remember is that scheduling without the benefit of any of the above pieces (Employees, Physical Inventory, Customers, Global Network) will be difficult to balance effectively.

Hence, option B is correct.

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Someone has offered to buy you a financial instrument that has the following cash flows:

- You will not receive any cash for the first five years. The first time you will receive a cash flow will be at the end of year 6. You will receive $100 at the end of year 6, $200 at the end of year 8, and $300 at the end of year 10.
- You will receive another payment of $100 at the end of year 11, and the payment will grow at a rate of 6% forever.
- You will need to pay a service fee. The service fee is as follows: you will pay $100 each year from year 1 to year 5 (i.e. you will make 5 payments in total. The first payment will occur at the end of year 1, and the last payment will occur at the end of year 5)

Suppose that the discount rate is 10%. How much this financial instrument is worth to you?

Answers

The financial instrument is worth $1530.85

How to calculate the worth of the Financial Instrument?

The value of the financial instrument is the present value of the future cash flows. To find the present value, we need to discount each cash flow to the present using the discount rate.

The first cash flow of $100 at the end of year 6 is worth $100 / (1.1)^6 = $67.96 in present value.

The second cash flow of $200 at the end of year 8 is worth $200 / (1.1)^8 = $120.67 in present value.

The third cash flow of $300 at the end of year 10 is worth $300 / (1.1)^10 = $162.89 in present value.

The fourth cash flow of $100 at the end of year 11 and growing at a rate of 6% forever is an annuity. To find its present value, we can use the formula PV of annuity = A / (r - g), where A is the annual payment, r is the discount rate, and g is the growth rate. In this case, A = $100, r = 0.1, and g = 0.06, so the present value of the annuity is $100 / (0.1 - 0.06) = $1,666.67

The total present value of the cash flows is $67.96 + $120.67 + $162.89 + $1,666.67 = $1917.29

We also need to subtract the present value of the service fee, which is $100/year for 5 years. The present value of the service fee is $100 x (1 - (1/1.1)^5) = $386.44

Therefore, the financial instrument is worth $1917.29 - $386.44 = $1530.85

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let $f$ be a continuous function with domain $[0,1]$ and range $[0,1]$. prove that $f$ must have a fixed point: that is, there exists some $a \in [0,1]$ such that $f(a)

Answers

= a$. The Intermediate Value Theorem may be utilized as evidence in this scenario.

What is  Intermediate Value Theorem?

The intermediate value issues regarding that if a function f(x) is continuous on the range [a, b], then for each y-value between f(a) and f(b), there exists a commensurate x-value in the range (a, b). If, however, f(x) is continuous on [a, b], then it must accept all values between f(a) and f (b). Recall that an allows customers has a graph that may be drawn without the need for a pencil.

According to question:

The Intermediate Value Theorem states that for each value of $y$ between 0 and 1, there appears some $x$ in $[0,1]$ such that $f(x) = y$. This is due to $f$ is continuous on $[0,1]$ and $f(0) = 0 and $f(1) = 1$. To be more specific, if we assume that $y = x$, then we get $f(x) = x$, which connotes that $x$ is a fixed point of $f$. In light of the fact that $y$ can take on any value between 0 and 1, we have verified the presence of at least one fixed point for $f$ in the range of $[0,1].

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Poppy (a Colorado resident) wishes to sue Damon (a Utah resident) for a state-law claim only. Poppy will seek $20,000 in damages. Where may Poppy file this lawsuit?

Answers

Where Poppy (a Colorado resident) wishes to sue Damon (a Utah resident) for a state-law claim only and Poppy will seek $20,000 in damages, Poppy file this lawsuit in Colorado.

What is the rationale for the above response?

A person can generally sue another person in a court that has jurisdiction over the defendant.

The authority of a court to hear a matter and make legal decisions is referred to as jurisdiction. In this scenario, because Poppy lives in Colorado and Damon lives in Utah, Poppy has the choice of filing the complaint in any state.

Thus, Poppy may bring the case in the state of Colorado since that is where she resides and the state has jurisdiction over her claim because it is a state-law claim.

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A news story from 2015 about the oil market​ stated, "the global glut of crude that has hit​ [oil] prices is starting to​ shrink."
In referring to a​ "global glut of​ crude," the article describes the result of a significant...
This change resulted in a...
In response to the global glut of​ oil, the market price will...
The glut will start to shrink when crude oil producers

Answers

The answer is an increase in crude oil supply relative to crude oil demand.

The required details for Supply in given paragraph

Supply is a basic economic concept that describes the total quantity of a specific good or service available to consumers. The offer may refer to the quantity available at a specific price or to the quantity available at a price range where indicated in the table. It is closely related to the demand for a good or service at a given price; unchanged, as the price of rises, producers' supply will increase as all companies seek to maximize profits. Supply is a basic economic concept that describes the total quantity of a given commodity that will enter the market for consumption. Supply is closely related to demand, and these two concepts together form a market equilibrium that determines the quantity of goods in the market and the price at which they are sold. Supply is graphed and the supply curve represents the relationship between price and quantity as an ascending line.

Supply is determined by market demand, cost constraints, consumer preferences and government policies. The offer is often divided into short-term and long-term offers, although there are other types of offers.

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If a country imports a small fraction of the world's supply, we expect it to face A. an upward-sloping residual supply curve B. a nearly perfectly elastic, horizontal residual supply curve. C. The type of supply curve it faces cannot be determined. D. a nearly perfectly inelastic, vertical residual supply curve. Suppose that the market supply elasticity, 05, the demand elasticity in other countries, e :-04, and that the United States' share of world rice out 10.0% Its residual supply elasticity r' is(round your answer to one decimal place)

Answers

We can say this that if a united states imports smaller share of world supply, then we count on that it faces nearly best elastic or horizontal residue.

Which body is referred to as perfectly elastic?

If a body totally regains its natural structure or measurement after the removal of exterior forces , it is known as a flawlessly elastic body.

If a body regains its authentic configuration right now and absolutely after removal of the deforming force, it would be known as Perfectly Elastic Body. There is no flawlessly elastic body however quartz fibre and Phosphor bronze are examples of close to perfect elastic bodies.

Perfectly elastic body: A physique which does now not regain its unique configuration at all on the elimination of the deforming force, however small the deforming pressure may be, is called a perfectly plastic body. Putty, mud and paraffin wax are examples of the nearly ideal bodies.

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which of the following is an example of electronic banking?
A. issuing stocks to raise capital
B. using ERMA to process customers checks
C. using a digital machine to
print money
D. exchanging two different currencies at an exchange office

Answers

C. Using a digital machine to print money


Good luck hope this helps

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Question 1 (1 point)
Which examples are of financial goals? (Select three answers.)
Lanelle wants to become her school's class president.
Martina wants a part-time job that will earn enough money for the maintenance
on her car.
Caleb wants to get good enough at playing the piano to win the talent show
competition.
Dante wants to save up for a new stereo.
Tyrell wants his photos to be displayed at an art gallery.
Chelsea wants to be able to afford her own apartment.

Answers

The three examples that are of financial goals include the following:

B. Martina wants a part-time job that will earn enough money for the maintenance on her car.

D. Dante wants to save up for a new stereo.

F. Chelsea wants to be able to afford her own apartment.

What is a goal?

In Business management, a goal can be defined as an outcome statement and strategic objectives that defines what an individual or a group of people (team members) hope to successfully achieve (accomplish) in the future i.e over a specific period of time.

This ultimately implies that, a goal is simply a futuristic idea, an objective, or desired result that an individual envision, plan, and commit to achieve over a specific period of time.

In this context, we can reasonably infer and logically deduce that a financial goal is mainly or primarily tied to money, especially earnings and savings.

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If a purchase is made for $100 and the sales tax rate is 9%, what is the total purchase price?​

Answers

Answer:

109

Explanation:

math

Elaborate the importance of studying Consumer Behavior in Marketing management.​

Answers

CONSUMER BEHAVIOR

Studying consumer behavior is important for marketing management as it helps to understand customers and their preferences. This understanding can help marketers develop more effective content and strategies that target the right customers. Consumer behavior studies can also provide insights into how customers perceive products and services, which can help marketers create better experiences and ensure that offerings remain relevant to current trends and interests.

Hope This Helps You!

1) Name a product brand that you consider yourself loyal to or that you were once very loyal to.
2) Describe how the promotion of the product keeps or kept you loyal.
3) Describe something the company could do or did do that would cause you to stop buying from them, and explain why.

Answers

A brand that I was once loyal to is the Nike shoe brand.

The promotion of the brand kept me loyal because it was used to depict fitness and sportsmen and women. This was something I was into.

One of the things that the company could do that would make me to stop buying from them would be racism, or discrimination against women.

What is customer loyalty?

Customer loyalty is a continuing emotional bond between you and your customers that shows in their willingness to interact with you and make repeat purchases from you as opposed to your competition.

Adding value is the best approach to win a customer for life.

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1. What is considered a responsible use of money?
A. living within your means
B. buying a new car
C. signing a lease
D. getting a promotion

2. What is considered an irresponsible use of money?
A. buying a new washer/dryer
B. spending exceeds income, or living beyond one's means
C. paying for three streaming services
D. taking out student loans to pay for college

3. What is a passive form of income?
A. a wage
B. a salary
C. interest paid on savings or bond investments
D. A and B

4. What are tips most similar to?
A. hourly wages
B. piece work rates
C. commissions
D. salaries

5. What is considered a wage?
A. Any amount paid to someone for any reason.
B. An annual amount agreed upon in advance paid to a full-time employee to perform a role regardless of time spent.
C. A fixed amount paid per completion of a unit of a good.
D. A fixed amount paid per period of time spent working.

Answers

In conclusion, despite the fact that money has existed in a variety of forms throughout history, it has always served the same three purposes: as a store of value, a unit of account, and a medium of exchange.

What is Money ?

Money is a liquid asset that is used to promote value-based transactions. It serves as a channel of communication between people and things. It can measure the value of other items and serves as both a store of value and a unit of account.

Most economies relied on bartering before the creation of money, in which people exchanged the products they already owned for the things they required.

Hence Correct Options gggfor the given Questions are

1. A

2. B.

3. C

4. C.

5. D

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If a client has lump sum amounts at his or her disposal, or is ready to pay into a savings plan to accumulate that lump sum, an agent would recommend a _________ annuity.

Answers

If a client has lump sum amounts at his or her disposal, or is ready to pay into a savings plan to accumulate that lump sum, an agent would recommend an immediate annuity.

What does a immediate annuity means?

An immediate payment annuity is a contract between an individual and an insurance company that guarantees income to the owner, or annuitant, beginning almost immediately.

It differs from a deferred annuity in that payments begin at a future date specified by the annuity owner. A single-premium immediate annuity (SPIA), an income annuity, or simply an immediate annuity is another name for an immediate payment annuity.

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On Nov.1, Lyons Company pays $2,400 cash for supplies. Show how to use T-accounts to record this transaction by selecting the correct answer below. Multiple choice question..Cash would be debited, and Supplies would be credited Supplies expense would be credited; Cash would be debited.Reason:Cash is credited and Supplies expense is not yet involved.Supplies would be credited; Cash would be credited.Reason:Supplies is debited.Supplies would be debited, and Cash would be credited.

Answers

On Nov.1, Lyons Company pays $2,400 cash for supplies. T-accounts to record this transaction by supplies would be debited, and Cash would be credited.

What is Company?

The term "company" refers to legal entities that are lawfully registered under the Company Act. The company's major goal is to increase profits while maintaining goodwill. With the assistance of management, the organization was flawlessly run. Employees are compensated by the company.

According to the Nov.1, Lyons Company was the pays on the transaction are the based on the debited and the credited. The Lyons Company transaction by supplies would be debited, and Cash would be credited.

As a result, the Lyons Company pays $2,400 cash for supplies as the significance was the aforementioned.

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Which of the following statements is accurate about the land account

Answers

Answer:

1- The Land account is increased on the left side of its T-account

2- The Land account is used to record the costs of land purchased by the business

3- The Land account is an asset

Explanation:

Which of the following is most likely a fixed cost? a. expenditures for raw materials. b. wages for unskilled labor. c. fuel cost. d. property taxes.

Answers

Property taxes are undoubtedly a fixed cost.

Explain a fixed cost.

Fixed costs are expenses that never fluctuate, therefore any rise or decrease in sales or manufacturing volumes has no effect on them. This is true since they are not actively engaged in the production of a good or the provision of a service. As a result, fixed costs are thought of as indirect costs. Costs that are fixed do not change based on volume. More time-dependent than production- or sales-related expenditures make up the majority of fixed costs. Salary, energy costs, insurance, rent and leasing fees, and loan repayments are a few examples of fixed costs. Operating profit is produced by allocating fixed expenses in the income statement's indirect expense column. One such fixed cost that is categorised as an indirect expense is depreciation.

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The focus of managerial accounting information is on the organization as a whole.

Answers

Answer:

Identification, measurement, analysis, interpretation, and communication of financial information to managers for the pursuit of an organization's objectives are all part of managerial accounting. Because its intended use is to support users within the company in making informed business choices, management accounting differs from financial accounting.

In managerial accounting, financial data is presented for internal use so that management can use it to make important company decisions. In contrast to financial accounting, managerial accounting techniques are not constrained by accounting rules.

The way management accounting data is presented can be changed to suit the demands of the end user. Product costing, budgeting, forecasting, and numerous financial analyses are all included in managerial accounting, which covers a broad range of accounting topics. Financial accounting creates and distributes official financial statements that are meant for the general public and adhere to accepted accounting standards.

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Answer:

Identification, measurement, analysis, interpretation, and communication of financial information to managers for the pursuit of an organization's objectives are all part of managerial accounting. Because its intended use is to support users within the company in making informed business choices, management accounting differs from financial accounting.

In managerial accounting, financial data is presented for internal use so that management can use it to make important company decisions. In contrast to financial accounting, managerial accounting techniques are not constrained by accounting rules.

The way management accounting data is presented can be changed to suit the demands of the end user. Product costing, budgeting, forecasting, and numerous financial analyses are all included in managerial accounting, which covers a broad range of accounting topics. Financial accounting creates and distributes official financial statements that are meant for the general public and adhere to accepted accounting standards.

Assuming only two goods X and Y, if MUX/PX = MUY/PY, then
a. the consumer is in equilibrium.
b. the consumer cannot be made better off by redirecting his purchases.
c. the consumer is deriving the same marginal utility per dollar spent on both goods.
d. a and c e. a, b and c

Answers

With just two products, X and Y, the consumer is in equilibrium if MUX/PX = MUY/PY, cannot be made better off by rerouting his purchases, and is receiving the same monetary marginal utility for both products.

What features a "balanced market"?Prices become steady when the market's supply and demand are in balance. This is referred to as being in equilibrium. Generally speaking, a shortage or undersupply causes prices to increase, which lowers demand, whereas an abundance of goods or services causes pricing to decrease, which increases demand.For a market to be effective and balanced, equilibrium is necessary. A market cannot stray from its equilibrium price and quantity since it is maintaining a balance between the amounts provided and sought.Supply and demand factors are balanced at an equilibrium price.If certain supply or demand parameters don't change, prices tend to stabilise at this level. Any movement or change in supply, demand, or both will affect the equilibrium price.

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FILL IN THE BLANK. Consumers in a generational ___ are a group of people of the same generation having similar purchase behaviors because they have shared experiences and are in the same stage of life.

Answers

Consumers in a generational cohort are a group of people from the same generation who, as a result of their common experiences and life stages, exhibit comparable purchasing habits.

In order to ascertain whether and how Gen Z differs from other significant generational cohorts in the USA, this article will identify on wine consumption preferences and behaviour of Gen Z wine consumers in the USA. In order to evaluate the differences and overlaps between age cohorts and their possible effects on future wine sales, this study applies the ideas of gen y theory to the US wine market. In terms of the preferred travel behaviour and purchasing patterns, generational cohorts created from common beliefs, preferences, and beliefs can generally produce steady results.

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a company needs to locate three departments (x, y, and z) in the three areas (i, ii, and iii) of a new facility. they want to minimize interdepartmental transportation costs, which are expected to be $0.50 per load per meter moved. an analyst has prepared the following distances and flow matrices:

Answers

The least expensive of the three combinations, this one's transportation costs come to $3. In order to reduce the expense of interdepartmental transit, this is the optimal location for each department.

Calculate the total cost of transportation for each department combination.

X-Y: (1 * 0.50) + (4 * 0.50) = $3

X-Z: (2 * 0.50) + (5 * 0.50) = $4

Y-Z: (3 * 0.50) + (6 * 0.50) = $5

Distances (meters)

From/To I II III

I - 10 20

II  - 10

III   -

Flows (loads per week)

From/To X Y Z

X - 0 80

Y 30 - 150

Z 100 130 -"

Therefore, the total cost of transportation for this combination is $3, which is the lowest of the three combinations. Therefore, this is the best location for each department to minimize interdepartmental transportation costs.

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The question is incomplete, the complete question is:

"A company needs to locate three departments (X, Y, and Z) in the three areas (I, II, and III) of a new facility. They want to minimize interdepartmental transportation costs, which are expected to be $.50 per load meter moved. An analyst has prepared the following flow and distance matrices:

Choose the combination with the lowest cost to determine the best location for each department.

X: Area I

Y: Area II

Z: Area III

Complete the table given that the following three reactions occur in the direction as written: a) Zn(s) + Ni+ (aq) → Zn2+ (aq) + Ni (s) b) Ni (s) + Pb2+ (aq) → Ni2+ (aq) + Pb (s) c) Pb2+ (aq) + Zn(s) → Zn2+ (aq) + Pb (s) Reaction Species oxidized Species reduced Oxidizing agent Reducing agent a) b) c)

Answers

This problem is based on an electrochemical series. The electrochemical series helps us to identify a good oxidizing or reducing agent.

The required details for electrochemical series in given paragraph

All substances that appear at the top of the electrochemical series are good oxidizing agents, i.e. they have a positive standard reduction potential, while those that appear at the bottom of the electrochemical series are good reducing agents and have a negative standard reduction potential. For example, an F2 electrode with a standard reduction potential of +2.87 volts is a strong oxidizer and a Li+ electrode with a standard reduction potential of -3.05 volts is a strong reductant. The different redox equilibria are arranged in the order of their standard electrode potentials and form an electrochemical series (redox potentials).

The electrochemical series is sorted with the most negative E° values ​​at the top and the most positive at the bottom.

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In a relationship among total, average and marginal products, where TP is maximized:
a. AP is maximized
b. AP is equal to zero
c. MP is maximized
d. MP is equal to zero
e. none of the above

Answers

In a relationship among total, average and marginal products, where TP is maximized 'MP is equal to zero'.

What exactly is Marginal?

Marginal is an economics term that refers to the additional amount of benefit or cost associated with a small change in an activity. It is used to measure the effect of a specific change in an activity on a related outcome. In other words, it is used to measure the effect of an incremental change.

When Total Product (TP) is maximized, it means that the production output has reached its peak and cannot be increased further. At this point, the Marginal Product (MP) is equal to zero, because any additional input (such as labor or capital) will not result in an increase in output. Thus, when TP is maximized, MP is equal to zero.

Hence, option D is correct.

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Which of the following alkyl bromide isomers would most readily undergo an SN2 reaction? (3 Points) O 1-bromo-1-butene O 3-bromo-1-butene O bromocyclobutane O All will react at the same rate. O 4-bromo-1-butene

Answers

4-bromo-1-butene would most readily undergo an SN2 reaction.

What occurs during an SN2 reaction?

If the backside route of attack is not sterically impeded by substituents on the substrate, SN2 attacks take place (ethyl chloride being the substrate above). Therefore, this mechanism generally occurs in primary and secondary carbon centers that are unobstructed.

The SN2 reactions are known to occur most quickly in primary alkyl halides. While tertiary alkyl halides undertake these nucleophilic substitution processes more rapidly than primary alkyl halides, secondary alkyl halides do so more slowly.

Therefore, in 4-bromo-1-butene, the SN2 reaction would most likely occur in alkyl bromide isomers.

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A company performs $2600 of services during the month and bills customers. The customers are expected to pay next month. Record the customer billing using accrual-basis accounting and cash-basis accounting.

Answers

Answer:

Debit accounts receivable $2600

Credit service revenue $2600

No journal entry required

Explanation:

The accounts being charged are the accounts receivable and

Click the square near each correct choice to fill it in. Be sure to mark all correct answers. Which of the following mathematical statements are​ true? Select all that apply. A.1 times 1 equals 1 1•1=1 B.1 times 2 equals 2 1•2=2 C.1 plus 1 equals 2 1+1=2 D.1 plus 2 equals 2 1+2=2 E.2 minus 2 equals 1 2−2=1

Answers

Answer:

I don't really understand the question but I can only say that A , B and C is true while D and E is false.

How does A production possibility chart assist in outlining opportunity cost?

Answers

Compare the potential benefits of one product to another. Compare the production costs of one product to another. Compare the production numbers of one product to another.

How production possibility chart assist?

Compare production numbers of one product to another. A production possibilities diagram helps define different combinations of the quantities of two commodities produced by an economy under the problem of limited or scarce resources.

What's the importance of production possibility curve?

Production possibility curves are important because they help show the maximum possible production of goods with a given amount of resources. At the macroeconomic level, this helps economists understand and predict the production activity of countries and other entities.

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Which of the following are the most beneficial credits?
O Nonrefundable tax credits
O Refundable tax credits
O Partially refundable credits

Answers

b. Refundable tax credits Tax credits that are refundable are so-called because they are refundable if you meet the requirements and the credit's value exceeds the tax you must pay.

Define and Refundable and Nonrefundabletax?

Refundable tax credits not only lower your federal tax liability, but they also have the potential to exceed your tax liability and produce a refund. Consider a scenario in which you qualify for a $1,000 child tax credit but only owe $200 in taxes. The extra $800 is considered a refund to which you are qualified.

On the other hand, a nonrefundable tax credit limits your refund to the amount you owe. For instance, if you qualify for the American Opportunity Tax Credit.

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What is financial literacy? (1 point)
A
the ability to understand how to make sound financial choices so you can confidently manage and grow your
money
B the financial management that an individual or a family unit performs
C the shift in the structure of an economic system
D the money that a person a region, a country etc eams from work from investing money from business, etc

Answers

A. The ability to understand how to make sound financial choices so you can confidently manage and grow your money.

The ability to understand how to make sound financial choices so you can confidently manage and grow your money is financial literacy. Thus, its A.

What is financial literacy?

Understanding and being proficient in the use of different financial skills, such as investing, budgeting, and personal financial management, is known as financial literacy.

Being financially educated gives you the groundwork for a relationship with money that is a lifetime learning process. The earlier you begin, the better off you will be as education is the secret to financial success.

Both short-term and long-term financial strategies can be covered by financial literacy, and which one you choose will depend on a number of criteria, including your age, time horizon, and risk tolerance.

Knowing how your current investing choices can affect your future tax payments is part of having financial literacy.

Learn more about  financial literacy, here

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