The scenario presented in the question is an example of Personal Selling, which is an aspect of the promotional mix.
Personal selling is an act of selling products through a salesperson who establishes a personal relationship with the customer by addressing their needs and concerns by demonstrating the product and answering the questions that arise.The salesperson provides suggestions and recommendations to the customer, which can lead to increasing sales.
In addition, personal selling allows for a two-way communication process between the customer and salesperson, which helps to understand the customer's behavior, interests, and needs.It enables the salesperson to develop customer loyalty and long-term relationships by maintaining communication and providing after-sale services to customers.
Hence, Personal selling is a significant tool for businesses to attract and retain customers while increasing sales and promoting the product.
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which one of the following is not a financial intermediary?
A) Security dealers
B) Insurance companies
C) Real estate investment trusts
D) Pension funds
A. Security Dealers are not a financial intermediary.
The entry to record the write-off of a specific customer's account requires a ______. (Select all that apply.) Multiple select question. debit to Bad Debt Expense credit to Accounts Receivable credit to Allowance for Doubtful Accounts credit to Bad Debt Expense debit to Allowance for Doubtful Accounts
The entry to record the write-off of a specific customer's account requires a:
Debit to Allowance for Doubtful Accounts
Credit to Account Receivable
What is bad debt?These are debts owned to a business, which are irrecoverable. The debts here cannot be recovered hence are considered bad and are written off.
Bad debt are also referred to as Contra-assets because it reduces the value of company's asset.
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Imagine you are an economic adviser to the Commonwealth Government. The Prime Minister wants to increase spending on public transport in major cities, but does not want to raise taxes. Identify alternative sources of revenue for the government to fund its new initiatives.
Answer: A combination of 1) Increased public transportation fees, 2) raise the gasoline tax, 3) increase or institute highway tolls, or 4) reduce the road construction budget and use that money for public transportation.
Explanation:
Actions 2-4 would provide incentives to use public transportation.
Pharmacy technicians work in pharmacies that can be found where? Check all of the boxes that apply.
hospitals
drug stores
medical clinics
schools
manufacturing labs
Answer:
could be 3 of those answer choices
-hospitals
-drug stores
medical clinics
Explanation:
Answer:
1 2 3
Explanation:
True or False
( ) Structural models often derive from economic models but may also be obtained from informal reasoning.
( ) Considering the model y=a+bx+uy=a+bx+u, consistent estimation of the parameter bb relies on the following condition: C[x,u]=0C[x,u]=0.
( ) Considering the model y=a+bx+u, a simultaneity problem arises when y and x are jointly determined.
( ) In a multiple regression a sufficient condition for consistently estimating the model parameters is the absence of exact linear relationships among the explanatory variables.
( ) Structural models often derive from economic models but may also be obtained from informal reasoning.True
( ) Considering the model y=a+bx+u, consistent estimation of the parameter b relies on the following condition: C[x,u]=0.False
( ) Considering the model y=a+bx+u, a simultaneity problem arises when y and x are jointly determined.True
( ) In a multiple regression, a sufficient condition for consistently estimating the model parameters is the absence of exact linear relationships among the explanatory variables.True
The first statement is false. Structural models in economics are typically derived from economic theories and formal reasoning, rather than informal reasoning. These models aim to explain the relationships between various economic variables and the underlying economic mechanisms. They often involve the specification of mathematical equations that represent the behavior of economic agents and the interactions among them.
The second statement is true. In the model y = a + bx + u, consistent estimation of the parameter b relies on the condition C[x, u] = 0. This condition, known as the orthogonality condition, implies that the error term u is uncorrelated with the independent variable x. If this condition holds, it ensures that the estimated coefficient b is unbiased and consistent.
The third statement is true. A simultaneity problem arises when both the dependent variable y and one or more independent variables, such as x, are jointly determined. In this case, there is a feedback loop between y and x, making it difficult to disentangle the causal relationship between them. Simultaneity problems often require specialized estimation techniques, such as instrumental variables, to obtain consistent parameter estimates.
The fourth statement is also true. In multiple regression, a sufficient condition for consistently estimating the model parameters is the absence of exact linear relationships among the explanatory variables. This condition is known as multicollinearity. When exact linear relationships exist, it becomes impossible to uniquely determine the contribution of each variable, leading to estimation problems. To avoid multicollinearity, it is important to ensure that the explanatory variables are linearly independent or to employ techniques such as variable transformation or variable selection.
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Son los que se produjeron en determinado periodo: los costos de los productos vendidos o los costos de los que se encuentran en proceso
La respuesta correcta para esta pregunta abierta es la siguiente.
A pesar de que no se anexan opciones o incisos para responder, podemos decir lo siguiente.
Aquí estamos hablando de los costos históricos. Estos costos son los que se produjeron en determinado periodo: los costos de los productos vendidos o los costos de los que se encuentran en proceso.
Un buen contador dentro de la empresa, se basará en estos costos históricos para poder predecir o proyectar los costos predeterminados y tener cierta información de lo que puede suceder a corto o mediano plazo.
Recordemos que esos costos predeterminados son necesarios para que los contadores puedan elaborar presupuestos lo más apegados a la realidad y se puedan ajustar con el tiempo. Para elaborar estos costos predeterminados, el contador hace uso de herramientas estadísticas.
You have been hired as a benefit consultant by Jean Honore, the owner of Grouper Angels. She wants to establish a retirement plan for herself and her three employees. Jean has provided the following information. The retirement plan is to be based upon annual salary for the last year before retirement and is to provide 50% of Jean's last-year annual salary and 40% of the last-year annual salary for each employee. The plan will make annual payments at the beginning of each year for 20 years from the date of retirement. Jean wishes to fund the plan by making 15 annual deposits beginning January 1, 2020. Invested funds will earn 12% compounded annually. Information about plan participants as of January 1, 2020, is as follows. Jean Honore, owner: Current annual salary of $51,350; estimated retirement date January 1,2 2 45. Colin Davis, flower arranger: Current annual salary of \$37,150; estimated retirement date Jaruary 1,2050 Anita Baker, sales clerk: Current annual salary of $19,420; estimated retirement date January 1, 2040 . Gavin Bryars, part-time bookkeeper: Current annual salary of $17,220; estimated retirement date January 1,2035 . In the past, Jean has given herself and each employee a year-end salary increase of 4%. Jean plans to continue this policy in the future. Based upon the above information, what will be the annual retirement benefit for each plan participant? (Hint: Jean will receive raises for 24 years.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
To calculate the annual retirement benefit for each plan participant, we need to consider their last-year annual salaries, the retirement dates, and the provided percentages of their last-year salaries.the annual retirement benefits for each plan participant are as follows: Jean Honore: $56,656.50, Colin Davis: $48,084.34, Anita Baker: $14,779.37, Gavin Bryars: $11,798.98
Let's calculate the annual retirement benefit for each participant:
Jean Honore, owner: Current annual salary: $51,350
Retirement date: January 1, 2045
Number of years until retirement: 2045 - 2020 = 25 years
Annual salary increase factor: (1 + 0.04)^25 ≈ 2.20876
Last-year annual salary: $51,350 * 2.20876 ≈ $113,313.01
Retirement benefit: 50% of last-year salary = $113,313.01 * 0.50 = $56,656.50
Colin Davis, flower arranger: Current annual salary: $37,150
Retirement date: January 1, 2050
Number of years until retirement: 2050 - 2020 = 30 years
Annual salary increase factor: (1 + 0.04)^30 ≈ 3.24103
Last-year annual salary: $37,150 * 3.24103 ≈ $120,210.84
Retirement benefit: 40% of last-year salary = $120,210.84 * 0.40 = $48,084.34
Anita Baker, sales clerk: Current annual salary: $19,420
Retirement date: January 1, 2040
Number of years until retirement: 2040 - 2020 = 20 years
Annual salary increase factor: (1 + 0.04)^20 ≈ 1.89903
Last-year annual salary: $19,420 * 1.89903 ≈ $36,948.43
Retirement benefit: 40% of last-year salary = $36,948.43 * 0.40 = $14,779.37
Gavin Bryars, part-time bookkeeper:
Current annual salary: $17,220
Retirement date: January 1, 2035
Number of years until retirement: 2035 - 2020 = 15 years
Annual salary increase factor: (1 + 0.04)^15 ≈ 1.71093
Last-year annual salary: $17,220 * 1.71093 ≈ $29,497.45
Retirement benefit: 40% of last-year salary = $29,497.45 * 0.40 = $11,798.98
Therefore, the annual retirement benefits for each plan participant are as follows: Jean Honore: $56,656.50
Colin Davis: $48,084.34
Anita Baker: $14,779.37
Gavin Bryars: $11,798.98
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how do you the accounting equation
Answer:
1. Assets = Liabilities + Owner Equity.
2. Liabilities = Assets - Owner Equity.
3. Owner Equity = Assets - Liabilities.
Scenario 3: Buying a cell phone plan It’s time to buy a new cell phone plan, and you will be paying for this one yourself. The providers offer a lot of options, and your budget is limited. What financial information do you need? What financial decision-making strategies can you use? (Cost comparison, cost-benefit analysis, calculating future expenses, or budgeting?)
Answer:
hi bestie
cost comparison
Explanation:
management could determine the amounts due from customers by examining which ledger account?
Answer:
C. Accounts Receivable
Explanation: I took the test on usa test prep.
What is one 1 negative of living in a command economy?
In a command economy, costs are not entirely settled by the organic market. All things considered, they are set by the public authority. This can make it challenging for organizations to come to informed conclusions about what to create and the amount to deliver.
Command economies incorporate the absence of rivalry, which can prompt the absence of development, and absence of effectiveness. It doesn't fulfill the needs of shoppers, it doesn't convince individuals to buckle down, and it requires a huge dynamic government organization.
It limits opportunities for individuals who can't pick their vocations in light of their abilities and interests; rather, it depends on what the public authority drives them to do.
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Which of the statements below is correct regarding the difference between a temporary account and a permanent account?
A. A permanent account will not appear on a post-closing trial balance.
B. Permanent account balances will be transferred to the Retained Earnings account.
C. Temporary account balances will be carried to the next accounting period.
D. A temporary account will not appear on a post-closing trial balance.
Answer:A temporary account will not appear on a post-closing trial balance.
Explanation:
The difference between temporary and permanent accounts is that D. A temporary account will not appear on a post-closing trial balance.
What makes an account temporary?A temporary account is only used to record entries that take place during the course of the year and so is closed at the end of the year.
This means that it will not appear in the post-closing trial balance unlike permanent accounts that will.
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In order to resolve this problem I again recommend that jobs not be closed and invoiced until they are completed. If, in certain cases, you must invoice them in order to speed up collection of the receivable fine but leave them in unearned revenue so we do not overstate revenues, assets and income on our financial reports. In order to comply with my recommendation in paragraph three of my March 23rd memo, we should have our head inspector sign off on jobs when they are complete. This document should then be forwarded to the front office and attached to and be filed with the other paperwork for completed and earned jobs. If an exception must be made, an exception report should be completed and filed indicating the date, job number and reason for the exception. Since this should only happen on rare occasions it will cause very little additional work, maybe a minute or two per exception. Calling a job complete before its completion in order to make the financial reports look better than they actually are, is not a legitimate reason for an exception. Calling a job complete and earned should never have anything to do with what time of the month or quarter it is. In addition, we should notify anyone who received these above-mentioned financial reports of the overstatement of income and the reason for it. This should happen only after a thorough investigation to make sure the amounts are correct. I am available to assist in any way necessary for this, of course. There is one more item I feel worth mentioning here. It is critical to understand that if a job does not cover all its cost, including overhead, that job lost this company money. We incur in excess of $500,000 of overhead cost each quarter.
Implementing these recommendations would ensure accurate financial reporting and better management of the company's finances.
To resolve the problem of overstatement of revenues, assets, and income on financial reports, it is recommended that jobs should not be closed and invoiced until they are completed. In certain cases, if there is a need to speed up the collection of the receivable, the jobs can be invoiced but should be kept in unearned revenue to avoid overstatement of financials. To comply with this recommendation, the head inspector should sign off on jobs when they are completed, and this document should be filed with the other paperwork for completed and earned jobs. Any exceptions should be recorded in an exception report indicating the date, job number, and reason for the exception. However, calling a job complete before its actual completion to manipulate financial reports is not a legitimate reason for an exception. It should also be noted that calling a job complete and earned should never be based on the time of the month or quarter.
Moreover, it is critical to understand that if a job does not cover all its cost, including overhead, the job has caused a loss for the company. As the company incurs more than $500,000 of overhead cost each quarter, it is essential to ensure that the jobs are accurately assessed for profitability. Finally, if any overstatement of income is identified on financial reports, it is necessary to conduct a thorough investigation and notify anyone who received the reports of the issue and the reason for it.
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if you hire a real estate company to sell your house, you are most apt to encounter which one of the following?
If a person hires a real estate company to sell its house, Agency problem will arise as there will be a conflict of interest.
What is conflict of interest?Conflict of interest is the problem that arises when the person have to act selflessly, according to the demand and want of the person that has hired but the personal interest is contradicting with that interest and so it is important that a person remains neutral and works for the best interest of the client.
When a real estate company is hired they are offered a fee which can conflict with the interest of the person who wants to sell the house and so it is recommended that the agent works in the best interest of the client.
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a customer has a margin account with a market value of $20,000, a debit balance of $12,000, no special memorandum account (sma), and regulation t at 50%. if the customer sells $2,000 worth of stock, the amount released to sma is
The amount released to the Special Memorandum Account (SMA) when a customer sells $2,000 worth of stock is $1,000.
To determine the amount released to the SMA, we need to calculate the excess equity in the margin account after the sale of stock.
1. First, we need to calculate the equity in the margin account, which is the market value minus the debit balance:
Equity = Market Value - Debit Balance
= $20,000 - $12,000
= $8,000
2. Next, we need to calculate the minimum margin requirement under Regulation T, which is 50% of the market value:
Minimum Margin Requirement = Regulation T * Market Value
= 0.5 * $20,000
= $10,000
3. Now, we can calculate the excess equity, which is the equity minus the minimum margin requirement:
Excess Equity = Equity - Minimum Margin Requirement
= $8,000 - $10,000
= -$2,000
Since the excess equity is negative, it means that the margin account does not have enough equity to meet the minimum margin requirement.
4. However, the amount released to the SMA is equal to the smaller of the sale proceeds or the negative excess equity. In this case, the sale proceeds are $2,000, which is smaller than the negative excess equity (-$2,000).
Amount released to SMA = Smaller of (Sale Proceeds, Negative Excess Equity)
= Smaller of ($2,000, -$2,000)
= -$2,000
However, since the SMA cannot have a negative value, the amount released to the SMA will be zero.
Therefore, the amount released to the SMA when a customer sells $2,000 worth of stock is $0.
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If you see the letters "wh” on your paycheck, what do they stand for?
The amount of money that a firm receives from the sale of its output is called.
T/F? Darby, inc. has 25,000 shares of stock issued and outstanding. all the shares of stock have the same rights and characteristics; therefore, the stock is called stock.
The given statement "Darby, Inc. has 25,000 shares of stock issued and outstanding, and all of these shares have the same rights and characteristics" is true because this means that each share represents an equal ownership stake in the company and carries the same voting rights, dividend entitlements, and other privileges.
Because the stock is uniform in nature, it is classified as common stock. Common stock is the most common type of stock issued by companies, and it represents ownership in the company. When a company issues stock, it raises capital by selling ownership shares to investors. In return for their investment, investors receive shares of stock that give them certain rights and privileges.
Common stockholders have the right to vote on important corporate decisions, such as the election of directors and the approval of major business initiatives. They also receive dividends when the company earns a profit and decides to distribute some of that profit to shareholders. Overall, common stock is an important way for companies to raise capital and for investors to participate in the growth and success of a business.
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11. Which of these does NOT represent a type of credit?
*
1 point
A certificate of deposit (CD)
A credit card
A mortgage
A certificate of deposit (CD) does not represent a type of credit.
A certificate of deposit (CD) does not represent a type of credit. A certificate of deposit is a financial instrument offered by banks and credit unions that allows individuals to deposit a certain amount of money for a fixed period of time, typically ranging from a few months to several years. In return, the financial institution pays the depositor a fixed interest rate.
Unlike credit cards and mortgages, which involve borrowing money, a CD involves depositing money with the financial institution. The individual essentially lends money to the institution, and in return, earns interest on the deposited amount. The interest rate offered on a CD is predetermined and agreed upon at the time of purchase.
CDs are considered to be a low-risk investment option because they are typically insured by the government up to a certain amount. They provide a stable and predictable return on investment, making them attractive to individuals who prioritize safety and want to preserve their principal.
In summary, while credit cards and mortgages involve borrowing money, a certificate of deposit is not a type of credit. Instead, it is a financial instrument that allows individuals to deposit money with a financial institution and earn a fixed interest rate over a specified period of time.
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WILL GIVE BRAINLIEST PLZ!!!
If producers expect the price of a good to decrease in the future, what will happen to the current equilibrium price and quantity of that good?
a. The equilibrium price and quantity will both decrease.
b. The equilibrium price and quantity will both increase.
c. The equilibrium price will increase and equilibrium quantity will decrease.
d. The equilibrium price will decrease and equilibrium quantity will increase.
Explanation:
C = the equilibrium price will increase and equilibrium quantity will decrease
Answer:
C
Explanation:
which of the following is not consistent with the laffer curve marginal tax
The statement "marginal tax" is not consistent with the Laffer curve.
The Laffer curve is a theoretical concept that suggests there is an optimal tax rate that maximizes government revenue. It argues that as tax rates increase from low levels, government revenue also increases, but at some point, further increases in tax rates lead to a decrease in government revenue. This is due to the disincentive effect on work, investment, and economic activity.Therefore, the concept of the Laffer curve is not directly related to the term "marginal tax." Marginal tax refers to the tax rate applied to the additional income earned by an individual or business. It is a concept used to calculate the tax liability on incremental income.
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Why should you avoid leaving your idle
cash sitting in a bank?
A. You will not be able to access it quickly.
B. Your money will not be growing as rapidly as if you used
another option.
C. You will be required to pay a high interest rate.
Paul is an hr manager who wants to motivate his employees using the job design theory to guide his efforts. one step paul should take is to?
To motivate his employees using the job design theory, Paul should implement job enrichment by giving employees more challenging and meaningful tasks that provide a sense of achievement.
To motivate his employees using the job design theory, Paul should take the following step:
1. Job Enrichment: Paul can enrich the job roles and responsibilities of his employees. This involves giving employees more challenging and meaningful tasks that provide a sense of achievement. By allowing employees to have more control over their work, Paul can increase their motivation.
Additionally, here are some other steps Paul can take to motivate his employees using the job design theory:
2. Job Rotation: Paul can rotate employees across different job roles within the organization. This helps to prevent monotony and provides employees with opportunities to learn new skills and gain a broader understanding of the organization.
3. Job Enlargement: Paul can increase the scope of employees' roles by adding additional tasks or responsibilities. This can give employees a sense of variety and can also help them develop new skills.
4. Autonomy: Paul can give employees more autonomy and decision-making power. Allowing employees to have more control over their work and decision-making processes can increase their motivation and job satisfaction.
Remember, these steps can help Paul effectively apply the job design theory to motivate his employees.
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Emily is deciding whether to buy the same designer jacket her friends have. The jacket is much more expensive than a similar one from a lesser-known brand.
Which questions should she consider before she buys the jacket? Check all that apply.
Is advertising influencing her?
What are her motivations?
Has she compared prices?
Is she buying at the right time?
Will her sister like the jacket too?
Answer: Is advertising influencing her?
What are her motivations?
Has she compared prices?
Is she buying at the right time?
Explanation:
The questions that she should consider before she buys the jacket include:
• Is advertising influencing her?
• What are her motivations?
• Has she compared prices?
• Is she buying at the right time?
Before buying the jacket, the question "Will her sister like the jacket too?" shouldn't be considered as she is looking to satisfy her own needs and not that if her sister and in this case, he sister shouldn't have an impact on her buying decision.
Answer:
A, B, C, D
Explanation:
edge2021
Now, you are going to M/U the clothes that you purchased by 250%. 3 shirts for $3.00, 3 pants for $4.50 and 2 dresses for $5.00. What is the new TOTAL marked-up price? Group of answer choices $250.00 $22.50 $13.25 $31.25
Answer:
$ 31.25
Explanation:
Total Price = Shirts price+ Pants Price+ Dresses Price
= $3.0 + $ 4.5+ $ 5.0
= $ 12.5
Total Marked Up Price= Cost Price *(Marked %)
= 12. 5 * 250/100
= 12.5 * 2.5
= $ 31.25
The marked up percentage is multiplied with original cost to get the total marked up price.
The marked up percentage is 250% which means 250 per cent or 250/100
When we divide 250 with 100 we get 2.50
The total price is obtained by adding all the original prices of the given items.
Again multiplying 2.50 with the Total Price $ 12.5 gives the answer of $ 31.25
Imagine you are a training and development specialist.
You are tasked with creating a training workshop about strong meeting facilitation. Create an outline for this workshop.
Include:
Medium: Is your training in-person, webinar, online, or some other method? Objectives: What are your intended outcomes?
Outline: What information topics will you deliver on? What activities will you ask the people in the training to do, individually and in groups? How will the content be organized?
Deliverables: What will you have attendees produce or accomplish by the end of the training to show that they have absorbed the information?
Evaluation: What can you do at the end to measure participants' feelings about the training?
The goal of training session is to provide attendees with knowledge, skills, and understanding that they can apply in their work or personal lives.
What is training?Training is the process of teaching or learning a particular skill, knowledge, or behavior through practice and instruction. In the context of machine learning, training refers to the process of teaching a computer algorithm to recognize patterns and make predictions based on input data. During training, the algorithm is fed a large amount of data, along with the correct outputs, and it adjusts its parameters to minimize the difference between the predicted output and the actual output. This process is repeated over many iterations until the algorithm can accurately make predictions on new, unseen data. Training is a crucial step in developing effective machine learning models and is essential for a wide range of applications, from image recognition and natural language processing to self-driving cars and fraud detection.
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a c corporation description
to calculate your monthly lease payment on a three-year lease using the "residual value" of a $26,500 MSRP car, subtract the 48% residual value from the MSRP and divide the result by the number of agreed upon months. What is the approximate monthly payment on a three-year lease agreement?
Answer:
The approximate monthly payment is $383
Explanation:
Here, we want to calculate the approximate monthly payment on a 3-year lease agreement and we have been told what to do in the question.
Firstly, we start off by subtracting 48% residual value from the MSRP
48% of 26,500 = 48/100 * 26,500 = $12,720
We subtract this from $26,500
That will be $26,500 - $12,720 = $13,780
We have 3 years and that is 36 months
So the approximate monthly payment will be;
$13,780 / 36 = 382.7777777777778 which is approximately $383 to the nearest whole digit
If income summary has a $13,500 debit balance before it is closed to the capital account, the company
Answer and Explanation:
In the case when the company has the debit balance of the income summary account so there should be the net loss as the net loss have the debit balance while the credit balance net profit of the company
So
Since there is the debit balance of the income summary that means there is a net loss
So the same would be considered
Estelle is a recent accounting graduate, and while she likes the idea raised by her fellow graduate Fernando to set up business in a partnership together, she has always wanted to go into business for herself. Before Estelle makes a decision, her instructor tells her it would be a good idea to consider the effect of different tax structures on each type of business, just in case she favors one situation more than the other. Compare and contrast how partnerships and sole proprietorships differ in terms of their tax requirements.
Sanjay was recently alerted to the fact that his business will be audited by the IRS. What are some possible causes for Sanjay’s business being selected for audit? What will this audit likely entail? How can Sanjay prepare?
After getting his first paycheck, Marlon is incredulous at the amount of money that goes to FICA. “Who in the world is FICA?” he asks his mother. How does she reply?
Eloise has exactly $300 to spend on an airline ticket. Assuming that she will need to pay the passenger ticket tax, the passenger facility charge, and the Sept. 11th fee, what is the maximum base ticket price Eloise can still afford to pay, knowing that she has all these additional fees and taxes to pay? Explain.
Sloan has always been pretty lax about preparing her taxes, and she doesn't pay too much attention to the rules. However, after taking a class on tax fraud, she is a bit concerned that some of the information in her past tax returns may be questionable. Sloan should only be worried about tax fraud if she’s made certain mistakes in the past. What kind of mistakes should Sloan be concerned about? Explain.