caleb is not a professional gambler, but he does like to play slot machines and purchase lottery tickets from time to time. during the year, he won $2,000 while playing slots at lucky casino. caleb kept good records of his gambling winnings and losses, and he has documentation showing that, while he did have some winnings, his losses at the casino totaled $2,350. he also has records showing he spent an additional $200 for lottery tickets without winning anything. if caleb itemizes his deductions, how much can he claim for gambling losses on schedule a, itemized deductions?

Answers

Answer 1

If he won $2,000 while playing slots at lucky casino and kept good records of his gambling winnings and losses, and he has documentation showing that, while he did have some winnings. The amount  he can claim for gambling losses on schedule a, itemized deductions is: $2,000.

Itemized deduction

A person can tend to  deduct their  gambling losses when they  itemize their deductions on Schedule A and as well  kept a record of their winnings and losses.

Since caleb kept all record of his winnings and losses which in turn means that the amount of losses that can be deducted should not be higher than the  amount of gambling winning he reported.

This means that caleb yearly losses will be deductible  only up to the amount of his winnings which is $2,000.

Therefore If he won $2,000 while playing slots at lucky casino and kept good records of his gambling winnings and losses, and he has documentation showing that, while he did have some winnings. The amount  he can claim for gambling losses on schedule a, itemized deductions is: $2,000.

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Related Questions

-. One of the characteristics of the United States economy is competition. Which of the following is an
example of the benefits of competition for U.S. consumers?
a. Competition allows people to utilize the
things they own as they want
b. Competition leads to lower prices, more
variety and higher quality
c. Competition forces people to do whatever
is best for them at a given time
d. Competition means that everyone has to
obey the law equally

Answers

Answer:

B

Explanation:

when more companies are around, they are competing with each other to keep customers. to do this they lower prices and have higher quality products so the consumer doesn't switch to a different companies products

Which statement describes the effect of taxes on a traditional 401(k) retirement account?
A.
A traditional 401(k) is tax exempt because the income earned isn't taxed until the money is withdrawn.
B.
A traditional 401(k) is a taxable account because the income earned is taxed when it is contributed.
C.
A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.
D.
A traditional 401(k) is tax exempt because the income earned is never taxed.

Answers

Answer:

C.

A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.

Explanation:

There are two types of 401 k plans: traditional 401k and Roth 401k plans. The difference is the way there are taxed.

The traditional 401k plan is an employer-sponsored retirement scheme.  The employer withholds the employee contributions and remits the funds to the employee's 401k savings account. The amount deducted as the employee contribution is not subject to taxation at that point. Contributions to 401k plans reduce the employee's taxable income.

The amounts saved in a 401k plan are invested and generate income. Employees are not expected to pay taxes on the income generated every financial period. All taxes are deferred until the time of withdrawal.

Answer:

C. A traditional 401(k) is tax deferred because the income earned isn’t taxed until the money is withdrawn.

Explanation:

PLATO

Which statement describes the effect of taxes on a traditional 401(k) retirement account?A.A traditional

Which of the following is not a policy used to lessen the inefficiency of monopolies:
a. direct regulation
b. anti-trust laws
c. elimination of barriers to entry
d. reduction of competition
e. government ownership

Answers

Monopolies are characterized by a lack of competition, so reducing competition would only strengthen their market power and exacerbate their inefficiency. The policy that is not used to lessen the inefficiency of monopolies is d. reduction of competition.

Direct regulation involves government oversight and control of a monopoly's pricing and output decisions to ensure they operate in the best interest of the consumer. Anti-trust laws are designed to promote competition and prevent monopolies from forming or engaging in anti-competitive behaviour. Elimination of barriers to entry involves removing obstacles that prevent new firms from entering the market and competing with the monopoly. Government ownership involves the state taking over the monopoly and operating it as a public utility or service.

In summary, reducing competition is not an effective policy for lessening the inefficiency of monopolies, as it only strengthens their market power. The other policies, such as direct regulation, anti-trust laws, elimination of barriers to entry, and government ownership, are all designed to promote competition and improve efficiency in monopolized markets.

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Entrepreneurs avoid risk and place a high priority on security. T/F

Answers

Entrepreneurs do not avoid risk and prioritize security is False.

Entrepreneurs are known for their willingness to take risks and embrace uncertainty. They are often motivated by the desire to pursue opportunities and create innovative solutions. Unlike individuals who prioritize security and seek stability, entrepreneurs thrive in environments where there is a certain level of risk involved. They are willing to take calculated risks, make bold decisions, and step outside their comfort zones in order to pursue their vision and achieve success.

Risk-taking is an inherent aspect of entrepreneurship. Entrepreneurs understand that taking risks can lead to potential rewards, such as financial gains, business growth, and market dominance. They recognize that failure and setbacks are part of the entrepreneurial journey, but they view these challenges as learning experiences and opportunities for growth.

While entrepreneurs may implement strategies to mitigate and manage risks, their mindset is focused on embracing and navigating uncertainty rather than avoiding it. They possess a high tolerance for ambiguity and are driven by the desire to create value, innovate, and disrupt existing industries. Their ability to embrace risk and navigate through uncertainty is often a key factor in their success as entrepreneurs.

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What is the first step in the standard purchasing process practiced by most
companies?
A. Solicit bids
B. Requisition
C. Invoicing
D. Purchase order

Answers

Answer:

B. requisition

Explanation:

i have done this before, hope i helped

I think b
Hope its help for your questions

1. Which of the following is the money or other resources needed to pay for a part or
parts of the company?
A. Investment
B. Purchasing cost
C. Grant
D. Finance

Answers

Answer:

A. Investment

Explanation:

The money that you need to pay to purchase and acquire a part of a company is an investment. This investment can be used, for example, to buy stock. A stock is a title of ownership of a company for the percentage of the company that the stock represents. If I own 100 stocks that represent 1% of a company, then, I own 1% of that company. In other words, my investment (my money) is worth 1% of said company.

Choose a real or made up company, and describe at least three ways in which the company uses technology.

Answers

Answer:

Case of E Commerce Companies, & their technical processes.

Explanation:

Any company based on E commerce model, uses technology in its various phases of operation.

E Commerce refers to online buying & selling of goods. They use technology for website or app maintainence, for order placing, for payment, for delivery tracking & various other updates. Technology is also used for back end stock & orders management etc.

Many big online shopping companies (eg Amazon) use this model & its technical aspects.

Answer:

Dominos is a company that has many variable costs. Some examples include flour, cheese, and tomatoes.

Explanation:

Goods that are considered to be needs tend to be elastic when the price changes. inelastic when the price changes. elastic when the supply changes. inelastic when the supply changes.

Answers

Answer:

B: Inelastic when the price changes.

Explanation:

Goods that are essential in daily life have lower elasticity needs like gas,  water, oil and electricity.

Elastic demands are the requirements when the large price shift affects the demand of the product. While in inelastic the price change affects in a very small manner to the demand.

The correct answer is:

Option B: Inelastic when the price changes.

This can be explained as:

In an economy, when the goods and commodities are in static relation then it is called inelastic.

The increase in the price of the product does not affect the customers purchasing habits in an inelastic system.

Therefore, goods that are considered to be requirements tend to be inelastic when the cost varies.

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according to yeganeh and good, when thinking about changing behaviors, it is best to ___________.

Answers

According to Yeganeh and Good, when thinking about changing behaviors, it is best to focus on small, incremental changes rather than large, sweeping changes.

The authors suggest that focusing on small, achievable goals can be more effective in changing behavior because it allows individuals to build momentum and feel a sense of accomplishment. By breaking down larger goals into smaller, more manageable steps, individuals are more likely to make progress and stay motivated. Additionally, small changes can be more sustainable over time, leading to long-term behavior change.

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Assume an issuer incurs $1 million in other expenses to sell 3 million shares at $40 each to an underwriter and the underwriter sells the shares at $43 each. By the end of the first day's trading, the issuing company's stock price had risen to $70. In percentage terms, how much of the day's closing market value was absorbed by the total costs associated with the issue

Answers

Approximately 47.62% of the day's closing market value was absorbed by the total costs associated with the issue.

To determine the percentage of the day's closing market value absorbed by the total costs associated with the issue, we need to calculate the total costs and the closing market value.

The issuer incurs $1 million in other expenses to sell 3 million shares at $40 each to an underwriter. Therefore, the total costs associated with the issue are $1 million.

The underwriter sells the shares at $43 each. Since there are 3 million shares, the total proceeds from the sale are $43 * 3 million = $129 million.

By the end of the first day's trading, the issuing company's stock price had risen to $70. So, the closing market value of the issued shares is $70 * 3 million = $210 million.

To calculate the percentage of the day's closing market value absorbed by the total costs, we can use the formula:

Percentage = (Total Costs / Closing Market Value) * 100

In this case, the percentage is:

Percentage = ($1 million / $210 million) * 100 = 0.47619 * 100 = 47.62%

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many companies have argued that the evolution of strict liability has:

Answers

Many companies have argued that the evolution of strict liability has resulted in an increase in costs for manufacturers and has made it more difficult for them to innovate and bring new products to market.

This is because strict liability places a greater burden of responsibility on manufacturers to ensure the safety of their products, even in cases where they may not have been aware of potential defects or hazards.

However, advocates of strict liability argue that it is necessary to protect consumers and provide a legal recourse for those who are injured or harmed by defective products.

Ultimately, the evolution of strict liability remains a contested issue with valid arguments on both sides.

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Which of the following is not a benefit of using a switch?
It is capable of filtering undesired packets.
O It is more complex than a router.
O It is more complex than a hub.
They direct packets instead of just broadcasting them to the whole network.

Answers

Answer:

The statement "It is more complex than a hub" is not a benefit of using a switch, but rather a characteristic or disadvantage. Switches are generally considered more complex than hubs because they have more advanced features, such as the ability to filter and direct packets to specific devices. However, this complexity can also make them more expensive and difficult to configure.

Explanation:

according to the quantity theory, the primary effect of an increase in the money supply would be: a) an increase in real gdp. b) a reduction in velocity. c) a decrease in the unemployment rate. d) a proportional increase in prices.

Answers

The overall quantity supplied will increase if the price level rises while the money wage rate stays the same. This occurs because we are aware that while prices are growing, input costs are not rising at the same rate.The answer is an increase in Real GDP.

The law of supply states that the amount supplied and price level are positively correlated. Thus, the supply curve will continue to trend upward. This suggests that there is now more real GDP being produced.When there is a recession, unemployment rises and real GDP growth slows.When there is a broad decline in economic movement, there is a recession, which is a trade cycle withdrawal in economics. It typically occurs when spending completely decreases.According to Okun’s law, when unemployment decreases by 1%, the gross national product (GNP) grows by 3%. This is a very clear affirmation of the relationship between rising unemployment and declining GDP.The relationship between unemployment and GDP is the focus of another interpretation of Okun’s law.According to this, a 2% decline in GDP is caused by an increase in unemployment rates.

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What general rule of thumb connects your car payment and your monthly savings budget?

Answers

The rule would be 20/4/10 straightforward math helps cars shoppers figure out there budget look it up!

Costco Wholesale Corporation is an American multinational corporation which operates a chain of membership-only retail stores. You are an accountant and during your examination of the financial statements of Costco for the year ended December 31, Year 1, you discover net income in Year 1 is $25,000 but no adjusting entries have been prepared. Now you have to prepare the adjusting entries for Costco, and before you do so you discover the following items: a. An insurance policy covering three years was purchased by Costco on January 1, Year 1, for $2,100. The entire amount was debited to insurance expense. b. During Year 1, Costco Wholesale received a $500 cash advance from a customer for services to be provided in Year 2. The $500 was credited to sales revenue. c. All Costco's purchases of supplies were debited immediately to supplies expense. However, you discover that supplies costing $400 were on hand on December 31. d. Costco also borrowed $10,000 from a local bank on October 1, Year 1. Principal and interest at 12% will be paid on September 30, Year 2. No accrual was recorded for interest.

Answers

The financial statements for Costco Wholesale Corporation, adjusting entries need to be prepared. These include recognizing prepaid insurance for two years ($1,400) and adjusting insurance expense accordingly, deferring the $500 cash advance as unearned revenue.

Adjusting entries are necessary to ensure that financial statements accurately reflect the financial position and performance of a company. In this case, several errors and omissions were identified. First, the insurance policy purchased for three years needs to be recognized as a prepaid expense. Since one year has already elapsed, the adjustment involves reducing insurance expense by $700 ($2,100/3) and recognizing a prepaid insurance asset of $1,400 ($2,100 - $700).

Next, the $500 cash advance received for services to be provided in Year 2 should be recorded as unearned revenue, as it represents an obligation to provide future services. This adjustment reduces sales revenue by $500 and establishes a liability for unearned revenue.

The supplies costing $400 on hand at the end of the year were initially expensed, but they should be recognized as an asset. This adjustment reduces supplies expense by $400 and recognizes a supplies asset of the same amount.

Lastly, interest expense needs to be accrued for the loan from the bank. The $10,000 loan at a 12% interest rate for one year results in $1,200 of accrued interest expense.

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Where is the best minitaxi in London for tourisms?.

Answers

Patrick Egwu Transportation

Explanation:

You are considering a 5/1 ARM. What does the 1 represent?
A. The number of years between adjustments in the interest rate
B. The interest rate of the initial fixed-rate loan period
C. The total number of years in the loan D. The number of years that a fixed interest rate will be applied to the loan​

Answers

Answer:

Explanation:

The answer is A hope it helps

Answer:

A. The number of years between adjustments in the interest rate

Explanation:

Took the class

how large must each payment be if the loan is for $70,000, the interest rate is 9%, and the loan is paid off in equal installments at the end of each of the next 10 years? this loan is for the same amount as the loan in part b, but the payments are spread out over twice as many periods. round your answer to the nearest cent.

Answers

In order to calculate the size of each payment if the loan is for $70,000, the interest rate is 9%, and the loan is paid off in equal installments at the end of each of the next 10 years, we can use the formula for annuity payments.

The formula is: PMT = PVA * (r / (1 - (1 + r)^-n))where PMT is the payment, PVA is the present value of the annuity (the amount of the loan), r is the interest rate per period, and n is the number of periods. Using this formula, we can plug in the values given in the problem: PMT = 70,000 * (0.09 / (1 - (1 + 0.09)^-10))PMT = 70,000 * (0.09 / 0.38877092)PMT = 70,000 * 0.23132812PMT = 16,192.97

Therefore, each payment must be $16,192.97 if the loan is for $70,000, the interest rate is 9%, and the loan is paid off in equal installments at the end of each of the next 10 years. For the second part of the question, we are told that the loan is for the same amount as the loan in part b, but the payments are spread out over twice as many periods.

To calculate the size of each payment, we can use the same formula as before:PMT = PVA * (r / (1 - (1 + r)^-n))where PMT is the payment, PVA is the present value of the annuity (the amount of the loan), r is the interest rate per period, and n is the number of periods. However, in this case, we need to double the number of periods from 10 to 20:PMT = 70,000 * (0.09 / (1 - (1 + 0.09)^-20))PMT = 70,000 * (0.09 / 0.56935199)PMT = 70,000 * 0.15785721PMT = 11,050.01Rounding this to the nearest cent, we get $11,050.01.

Therefore, each payment must be $11,050.01 if the loan is for the same amount as the loan in part b, but the payments are spread out over twice as many periods.

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HELPPPPPP!!!! ASAPPPPP!!!!!

HELPPPPPP!!!! ASAPPPPP!!!!!

Answers

Answer:

B I believe

Explanation:

Having just one error on a cover letter may eliminate an applicant from being considered for employment.

Answers

Answer:

i think its true

Explanation:

im sorry if im wrong

"The scope of market management depends on the size and nature of the business " . Justify the statement and critically analyse the current situation

Answers

Answer:  Yes. The scope of market management depends on the size and nature of business.

Explanation:

The market management depends on various aspects of business and vise versa. It can happen both ways. Market management is the process of planning, decision making, controlling the marketing aspects of the company in terms with the goals and nature of the company. The type of marketing is determined by the size, nature and type of business. All these must go hand in hand to run  a successful business.

To understand how democracy developed in ancient Greece, you must examine the polis, which was the Greek word for a
The Greeks shared a language and culture, but each polis had a different government. In 509 BCE, Athens created a new set of rules that gave power to the people. The Greeks called this government a
Members of the Council of 500 were chosen

Answers

Answer:

To understand how democracy developed in ancient Greece, you must examine the polis, which was the Greek word for a city-state. The Greeks shared a language and culture, but each polis had a different government. In 509 BCE, Athens created a new set of rules that gave power to the people. The Greeks called this government democracy. Members of the Council of 500 were chosen randomly.

Answer:

city-state ,democracy ,randomly

Explanation:

just took the test on edge

Given corporate taxes, why does adding debt to the capital structure increase firm value?
A. Extra cash flow goes to the firm's investors rather than the tax authorities
B. Earnings before interest and taxes are fully taxed at the corporate rate
C. Personal tax rates are the same as marginal corporate rates
D. The Relative Advantage of Debt consistently proves that it is better to issue debt than sell securities.

Answers

The tax benefits of debt help to explain why adding debt to the capital structure can increase firm value, as it allows the company to retain more cash flow for its investors rather than paying it out to the tax authorities. The correct answer is option a.

When a company takes on debt, it incurs interest payments that are tax-deductible. This means that the interest paid on the debt can be deducted from the company's taxable income, which reduces the amount of taxes owed.

As a result, adding debt to the capital structure increases the firm's after-tax cash flow, which can be used to pay dividends or repurchase shares, and ultimately increases the firm's value.

In contrast, earnings before interest and taxes (EBIT) are fully taxed at the corporate rate, which means that the more earnings a company generates, the more taxes it owes.

Personal tax rates are typically lower than marginal corporate rates, but they are not relevant to the question of how debt affects firm value. The Relative Advantage of Debt is not a recognized theory in finance and has no empirical support.

The correct answer is option a.

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when is subsidy necessary in comodity supply​

Answers

Answer:

A subsidy is a benefit given to an individual, business, or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.

Explanation:

Sunshine Smoothies Company (SSC) manufactures and distributes smoothies. SSC is considering the development of a new line of high-protein energy smoothies. SSC's CFO has collected the following information regarding the proposed project, which is expected to last 3 years:


The project can be operated at the company's Charleston plant, which is currently vacant.


The project will require that the company spend $4. 9 million today (t = 0) to purchase additional equipment. For tax purposes the equipment will be depreciated on a straight-line basis over 5 years. Thus, the firm's annual depreciation expense is $4,900,000/5 = $980,000. The company plans to use the equipment for all 3 years of the project. At t = 3 (which is the project's last year of operation), the equipment is expected to be sold for $2,300,000 before taxes.


The project will require an increase in net operating working capital of $650,000 at t = 0. The cost of the working capital will be fully recovered at t = 3 (which is the project's last year of operation).


Expected high-protein energy smoothie sales are as follows:


Year Sales

1 $2,400,000

2 7,850,000

3 3,500,000

The project's annual operating costs (excluding depreciation) are expected to be 60% of sales.


The company's tax rate is 40%.


The company is extremely profitable; so if any losses are incurred from the high-protein energy smoothie project they can be used to partially offset taxes paid on the company's other projects. (That is, assume that if there are any tax credits related to this project they can be used in the year they occur. )


The project has a WACC = 10. 0%.


What is the project's expected NPV and IRR? Round your answers to 2 decimal places. Do not round your intermediate calculations.


NPV $

IRR %

Should the firm accept the project?

-Select-The firm should accept the project. The firm should not accept the project. Correct 7 of Item 1


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Partially Correct


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Set up a time line for the free cash flow analysis.


Refer to the layout in the textbook analyzing revenues and costs in the free cash flow format.


Remember to calculate operating costs.


No interest charges are deducted.


Calculate taxes.


Don't forget to include depreciation impact on the free cash flows.


Don't forget to include the tax credit if EBIT is negative in any year. (Refer to next to last bullet. )


Don't forget to include ΔNOWC in the Year 0 outlay but remember to add it back in the Year 3 termination cash flows. (There is no tax impact. )


Don't forget to include the sale of the machinery, termination free cash flows and the tax effect of selling the machinery.


Calculate the project's NPV and IRR.


Make a decision whether to accept the project or reject it based on the calculated NPV and IRR of the project. Remember, If the project’s NPV is positive then its IRR will be greater than its WACC.


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Solution


SSC is considering another project: the introduction of a "weight loss" smoothie. The project would require a $3 million investment outlay today (t = 0). The after-tax cash flows would depend on whether the weight loss smoothie is well received by consumers. There is a 40% chance that demand will be good, in which case the project will produce after-tax cash flows of $2. 2 million at the end of each of the next 3 years. There is a 60% chance that demand will be poor, in which case the after-tax cash flows will be $0. 52 million for 3 years. The project is riskier than the firm's other projects, so it has a WACC of 11%. The firm will know if the project is successful after receiving the cash flows the first year, and after receiving the first year's cash flows it will have the option to abandon the project. If the firm decides to abandon the project the company will not receive any cash flows after t = 1, but it will be able to sell the assets related to the project for $2. 8 million after taxes at t = 1. Assuming the company has an option to abandon the project, what is the expected NPV of the project today? Round your answer to 2 decimal places. Do not round your intermediate calculations. Use the values in "millions of dollars" to ascertain the answer.

$ millions of dollars

Answers

The expected NPV of the high-protein energy smoothie project is calculated by discounting the project's free cash flows at the weighted average cost of capital (WACC) of 10%. To calculate the free cash flows, we need to consider the initial outlay, annual operating costs, depreciation tax shield, salvage value of equipment, and the recovery of net operating working capital.

The project's cash flows are as follows:

Year 0: Initial outlay = -$4.9 million (equipment purchase) + $650,000 (increase in net operating working capital)

Year 1: Cash flow = Sales - Operating costs - Depreciation tax shield

Year 2: Cash flow = Sales - Operating costs - Depreciation tax shield

Year 3: Cash flow = Sales - Operating costs - Depreciation tax shield + Salvage value of equipment + Recovery of net operating working capital

Using the given sales and operating cost information, we can calculate the cash flows for each year and discount them to the present value using the WACC. The NPV is the sum of the present values of the cash flows minus the initial outlay.

To calculate the IRR, we need to find the discount rate at which the project's NPV becomes zero. By applying the internal rate of return (IRR) calculation, we can determine the rate at which the project breaks even.

Based on the calculated NPV and IRR, we can determine whether the firm should accept the project. If the NPV is positive and the IRR is greater than the WACC, it would indicate that the project is expected to generate positive returns and exceed the required rate of return.

Unfortunately, the given information does not provide the necessary data to calculate the NPV and IRR for the high-protein energy smoothie project. Additional information, such as the annual operating costs as a percentage of sales, tax rate, and salvage value, is required for a comprehensive analysis. Please provide the missing information to proceed with the calculation.

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According to Truth, what is the “fix” that white men are in? What details does Truth use to support that idea?

Answers

The "solution" is the fact that African Americans and women are beginning to fight for their rights, which will result in a shift in the role that white men have traditionally played.

What is the  “fix” ?

Generally, Truth was attempting to convince people that women, regardless of race or ethnicity, should be given the same respect as males. They ought to be granted the same privileges as males.

The "solution" is the fact that African Americans and women are starting to fight for their rights, which will result in a change in the role that white males have historically performed. This will cause a shift in the "problem" that we are trying to solve.

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What is the marginal revenue and marginal cost for this diagram?

What type of market is this? Explain your answer

What is the marginal revenue and marginal cost for this diagram?What type of market is this? Explain

Answers

Marginal revenue :

2060120200300420560

Marginal cost :

108210192640

It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.

Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.

Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.

Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.

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select the statement that best applies to the shape of the coca-cola bottle. a.) this shape is an example of a service mark. b.) this shape likely cannot be trademarked. c.) this shape is an example of a certification mark. d.) this shape is an example of trade dress.

Answers

The statement that best applies to the shape of the coca-cola bottle is this shape likely cannot be trademarked.  Thus the correct option is B.

What is a trademark?

An easily recognizable sign, design, or expression that distinguishes one product from another is what defines a trademark which is a sort of intellectual property. A trademark often safeguards brand names and emblems applied to products and services.

An EU court concluded that Coca-Cola bottles lack sufficient distinctiveness to be registered, dismissing a challenge made by the American beverage empire against the EU's trademark enforcement body.

Therefore, option B is appropriate.

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The data show the
number of railroad crossing accidents for the 50 states
of the United States for a specific year. Construct a
histogram, frequency polygon, and ogive for the data.
Comment on the skewness of the distribution. (The data
in this exercise will be used for Exercise 14 in this
section.)
Class limits Frequency
1–43 24
44–86 17
87–129 3
130–172 4
173–215 1
216–258 0
259–301 0
302–344 1

Answers

Answer:

I hope this helps

Explanation:

216-258 0

recording depreciation on plant assets affects the balance sheet and the income statement.

Answers

The effect of recording depreciation on plant assets is as follows: Effect on the Balance Sheet: Depreciation on plant assets decreases the value of the plant asset which is reported on the balance sheet under property. Effect on the Income Statement: Depreciation of plant assets is considered an expense and reduces the company's net income.

Depreciation of plant assets is the process by which the value of plant assets reduces over time because of their wear and tear and also because of their obsolescence. Depreciation of plant assets affects both the balance sheet and the income statement of a company. Below is the effect of recording depreciation on plant assets:

Effect on the Balance Sheet: Depreciation on plant assets decreases the value of the plant asset which is reported on the balance sheet under property, plant, and equipment. This decrease in the value of plant assets will cause an equal decrease in the total assets of the company. Since the value of the plant asset will be lower than its cost, it will be reported as net book value on the balance sheet.

Effect on the Income Statement: Depreciation of plant assets is considered an expense and reduces the company's net income. This will directly affect the income statement. The total depreciation expense is reported on the income statement. If the company has sold the plant asset, it may record a gain or loss on the sale of plant assets and this will also be reported on the income statement.

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