Adam is confused. He does not understand why rent on his apartment is a fixed cost and rent on a Hertz rental truck is a mixed cost. Explain the difference to Adam.
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- Adam is confused. He does not understand why rent on his apartment is a fixed cost and rent on a Hertz rental truck is a mixed cost. Explain the difference to Adam.
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- Your roommate at school believes that all fixed costs are always avoidable. Do you agree? How would you explain your point of view to your roommate?Although the selection of housing is usually based on life situation and financial factors, we should also consider what we might have to give up. In this context, it is correct to say that: * One of the main advantages of owning a previously owned house is the fewer responsability for maintenance. One of the main advantages of renting an apartment is the pride of ownership. One of the main disadvantages of owning a manufactured home (mobile home) is to be more expensive than other ownership options. The lost earnings from interest on the money used for a down payment on a home is an important opportunity cost when we decide to buy a house or make a mortgage.Which of the following taxpayers may not use the standard mileage method of calculating transportation costs? a.A self-employed CPA who drives a computer-equipped minivan to visit clients. b.An attorney who uses his Tesla for calling on clients. c.A taxpayer who has a fleet of 10 business automobiles. d.A real estate salesperson who drives a $70,000 Mercedes while showing houses. e.All of these taxpayers may use the standard mileage method.
- Alex has unexpectedly been made redundant from his job as a gardener and is struggling financially. Explain three ways that unemployment can impact negatively on an individual’s self-concept.Who among the following is most likely to be classified as a mixed income earner? Who among the following is most likely to be classified as a mixed income earner? Yeji, who is still a college student and has income from her gigs with her rock band. Lia, who is a part-time service crew at a fast-food store and a part-time saleslady at two different department stores. Yuna, who earns income from her freelance photography stints and is engaged on a per-contract basis by different companies. Chae, who is a full-time Vice President for Human Resources at a multinational company and a lessor of a five-floor apartmentMuayad is a secondary school student and is actively looking for a job but fails to find one . Which of these statements is true about him ? O a . Muyad is not considered as unemployed b . Muayad is considered as unemployed O c . Muayad is part of the labor force O d . Muayad is structurally unemployed Clear my choice
- Which of the following is not related to Opportunity costs? a. Salary given up to start a business b. Rental Income given up when you live in a house you own. c. fixed costs to be incurred when you accept a special request from an existing client. d. None of the choicesJohn is frustrated in his inability to sell his house for the amount he wants. What should Anita do to educate John? Will this education process help Anita obtain the listing? How?Ali is considering the decision of whether or not to go and study a Master degree. He is currently working as an accountant in XYZ Company. He is thinking of getting a Master Degree, If he decided to study the Master Degree, he would expect to earn higher salary than his current one. On the other hand, the study of the Master Degree would force him to take unpaid leave from his current job. Furthermore, Ali recently purchased a new car. For Ali, the cost of the car is referred to as Select one: O a. Opportunity cost O b. Sunk cost O C. Differential revenue O d. Opportunity Revenue O e. Differential cost
- After graduating from college, Shelley Williams held several different jobs but found that she did not enjoy working for other people. Finally, she and Yvonne Hargrove, her college roommate, decided to start a business of their own. They rented a small building and opened a florist shop selling cut flowers such as roses and chrysanthemums that they bought from a local greenhouse. Williams and Hargrove agreed orally to share profits and losses equally, although they also decided to take no money from the operation for at least four months. No other arrangements were made, but the business did reasonably well, and after the first four months had passed, each began to draw out $500 in cash every week. At year-end, they took their financial records to a local accountant so that they could get their income tax returns completed. He informed them that they had been operating as a partnership and that they should draw up formal articles of partnership agreement or consider incorporation or…If Kevin works off the clock, then he will sacrifice family time and responsibilities. This is an example of what type of ethical reasoning?a. What amount of these costs can Melissa deduct as business expenses? b. Suppose that while Melissa was on the coast, she also spent two days sightseeing the national parks in the area. To do the sightseeing, she paid $1,100 for transportation, $800 for lodging, and $355 for meals during this part of her trip, which she considers personal in nature. What amount of the total costs can Melissa deduct as business expenses? c. Suppose that Melissa made the trip to San Francisco primarily to visit the national parks and only attended the business conference as an incidental benefit of being present on the coast at that time. What amount of the airfare can Melissa deduct as a business expense? d. Suppose that Melissa's permanent residence and business were located in San Francisco. She attended the conference in San Francisco and paid $380 for the registration fee. She drove 182 miles over the course of three days and paid $183 for parking at the conference hotel. In addition, she spent…
