Answer:
The answer is: $40,000
Explanation:
Chris's opportunity cost of working as a consultant instead of working as a business manager (her old job) is $40,000. So in order for Chris to earn normal profit, the difference between his revenue and his combined explicit (e.g. rent, assistant's salary) and implicit costs (opportunity cost) is zero.
Answer: INTEREST-ONLY LOAN
Explanation:
An interest-only loan is a type of loan where the debtor pays only interest in the interim period but the pays the principal at a specified date in a lump sum.
This kind of loan can be structured in different ways per borrower but the above is the basic nature of such loans.
Answer: Checking for conflicts/Incompatibility among the competitive strategies of the company different business.
Explanation:
This will be a waste of effort and resources because the business are different there strategies are bound to be different, trying to reconcile different strategies for different business is uncalled for and not necessary.
Ranking the performance prospect of the business, accessing the competitive strength of each busines the company has diversity into, evaluation the prospective advantage of cross busines strategic fits along the value chain of the company's various busines, checking whether the company's resources meets the current requirements of it's business line up will all help to improve the company's performance.
Classification of products by degree of CONSUMPTION divides them into three categories. They are non-durable goods, durable goods, and services.
Non-durable goods are also known as soft goods or consumables. These are goods that can be consumed and will not last for a long period of time before being replaced by goods of the same kind. It lasts for a maximum of three (3) years. Examples of non-durable goods are food and clothing.
Durable goods are goods that last for at least three years. These are goods that takes a long time before being replaced. Examples of these durable goods are appliances, vehicles, furniture, jewelry, sporting goods and consumer electronics.
Services are intangible economic goods. Examples of these services are accounting, banking, cleaning, consultancy, education, expertise, insurance, medical treatment, transportation, and any other services that man can offer.
Answer:
$2,300
Explanation:
Assuming that the requirements for qualified plan awards are otherwise satisfied, each award by itself would be excluded from income.
The excludable amount or deduction is $1,600 out of total amount of awards.
Total amount of awards = Design + Graphic + Employee of the year
= $1,340 + $1,775 + $785
= $3,900
Taxable awards = Total amount of awards – Excludable amount
= $3,900 – $1,600
= $2,300
However, because the $3,900 total value of the awards is more than $1,600, Keren must include $2,300 in his taxable income.
