Christy's 2019 tax return was audited during november 2020 the auditor proposed an additional tax due of $1,500. christy disagreed. what should christy do next?

Answer:

I

Explanation:

1

Answer:

Co-signing, a joint account, and an authorized user are all ways in which multiple people can be involved in managing a single account, but they have some key differences.

Co-signing refers to when two or more people are responsible for repaying a loan or debt. The co-signer is not the primary borrower, but they are responsible for the debt if the primary borrower fails to make payments. Co-signing is commonly used when the primary borrower has little credit history or a low credit score and needs someone with a better credit profile to co-sign in order to get the loan.

A joint account is a bank or credit account that is owned by two or more people. Each person has full access to the account and can make deposits or withdrawals, write checks, and make purchases. Joint accounts are commonly used by married couples or partners, but can also be used by business partners or family members.

An authorized user is someone who is added to a credit card account by the primary cardholder. The authorized user can use the card to make purchases, but they are not responsible for repaying the debt. The primary cardholder is responsible for all the charges on the card. Authorized users are commonly used to help a person who has no credit or poor credit to establish a credit history, or as a convenience for a parent or partner.

In a nutshell:

Co-signing: A Co-signer guarantees the debt but not a full access.

Joint account: Both have full access and are responsible for the debt

Authorized user: Has access to the account but only primary user is responsible for the debt.

When it comes to the management of finances or funds in an organization there are various solutions accessible, each with its own set of benefits and drawbacks based on which selection is made.

When is someone who has been granted authorization to use a credit card or bank account but is not liable for the debt or the funds in the account is called an authorized user.

A joint account is a bank account shared by two or more people. Each account holder has identical access to the account's funds and is accountable for its management.

A co-signer is someone who agrees to be liable for the loan if the primary borrower is unable to pay it back. Borrowers with a limited credit history or a history of loan defaults often choose this option.

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The drawback of the constant gross-margin percentage NRV method in joint costing is that it attempts to approximate the sales values at split off by subtracting from final selling prices the separable costs incurred after the split-off point.

NRV stands for "Net Realizable Value." The constant gross-margin percentage NRV approach is used to calculate the net realizable value of an entity's total inventory by taking into account a constant gross-margin percentage.

A formula is used to compute the NRV using this method:

NRV = Final Sales Value - Separable Costs

This method has a significant drawback: it assumes that the profit margin is constant across all items produced. However, this is unlikely to be the case in real life, as some products are likely to have higher profit margins than others, and some may even have negative profit margins.

Furthermore, the constant gross-margin percentage NRV approach ignores the separable costs of further processing.

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With Australia, there are both negative net exports and a trade imbalance.

An economic system's output is goods and services. Services are acts performed for the benefit of the recipients, whereas goods are tangible products made available to customers. Among the products are clothing, homes goods, and automobiles. Services include things like consulting, cleaning, and legal advice. Production at a company might be anywhere between these two concepts. For instance, a landscaping company may give a homeowner a tree (a good) and also take care of the yard (a service).

A physical object that buyers want or own is a good. Customers want services even when they are not tangible, physical objects. Frequently, a service may be provided remotely as well. What individuals consume and pay for is generally referred to as "goods" and "services."

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Hoodies as personal assets can be disposed of in these three ways: trade-in as scrap, de-recognition, outright sale.

The transaction records for each disposal method include removing the cost of the asset from the fixed assets register and its accumulated depreciation, recording the disposal receipts, and computing the profit or loss from the disposal if any.

Thus, for the disposal of hoodies (personal assets), the transaction records remove the cost and accumulated depreciation from the accounts, record the disposal receipts, and compute the profit or loss.

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The statements about positive feedback mechanisms is not true is d. positive feedback mechanisms reduce change in a system.

Positive feedback mechanisms can occur both naturally and as a result of human activity. One example of a natural positive feedback mechanism is the melting of Arctic ice. As the ice melts, less sunlight is reflected back into space and more is absorbed by the ocean, causing the water to warm and more ice to melt. This process continues and amplifies until a new equilibrium is reached. On the other hand, human activity can also lead to positive feedback mechanisms, such as deforestation.

As trees are cut down, there is less carbon dioxide absorption and more greenhouse gases in the atmosphere, leading to a warmer climate, which in turn leads to more deforestation. Therefore, it is important to be aware of positive feedback mechanisms and their potential impacts on our environment. The correct answer is d. positive feedback mechanisms reduce change in a system.

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Answer :

A blade ignition key to start the engine.

Remote keyless entry to lock or unlock the doors

The process of marketers choosing to position their products based on specific product attributes can be risky, although frequent-flyer and frequent-guest programs have proven to be highly effective.

Marketers often utilize product positioning strategies to differentiate their products from competitors and appeal to specific target markets. However, this approach carries some risks. Positioning products solely based on specific attributes can limit their appeal and create vulnerabilities if consumer preferences or market dynamics change. What might be effective positioning today could become less relevant or even obsolete in the future. Therefore, marketers need to carefully consider the long-term viability and adaptability of their positioning strategies to avoid potential pitfalls.

On the other hand, frequent-flyer and frequent-guest programs have shown tremendous effectiveness. These loyalty programs provide incentives and rewards to customers who regularly use the services of airlines or hotel chains. By offering perks such as free flights, room upgrades, or exclusive privileges, these programs encourage customer loyalty and repeat business. They create a strong incentive for customers to continue choosing a particular airline or hotel, even if competitors may offer similar products or services. The effectiveness of frequent-flyer and frequent-guest programs lies in their ability to build long-term customer relationships, enhance customer satisfaction, and create a sense of exclusivity and value for program participants. As a result, these programs have become a staple in the travel industry and have proven to be powerful tools for customer retention and brand loyalty.

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Mr. Paschal is not liable for the later consignments as he had withdrawn his agency authority from Mr. Adams. Mr. Thompson should have verified the authority before supplying produce.

When Mr Paschal authorized Mr Adams to purchase produce on his behalf, Mr Adams acted as Mr Paschal's agent. However, Mr Paschal subsequently revoked this authority, effectively terminating Mr Adams' agency. Since Mr Thompson was unaware of this development and continued supplying produce to Mr Adams, he did so without the knowledge that Mr Adams was no longer acting as Mr Paschal's agent. As a result, Mr Paschal cannot be held responsible for the later consignments, as he had effectively terminated the agency relationship. Mr Thompson should have taken steps to verify Mr Adams' authority before supplying produce to ensure that he was dealing with a valid agent.

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Activity-based costing (ABC) has been found to be useful in service industries, such as hospitals and telephone companies, except banks. The correct option is A.

Activity-based costing (ABC) is an activity-based method of determining an item's total cost by identifying and measuring each activity's contributing expenses that result in its production.The purpose of activity-based costing is to provide better information about costs and the actions that can be taken to reduce them.

Activity-based costing helps to eliminate the arbitrary allocations to goods and services that were the result of the conventional costing system. ABC assigns costs based on the activities that generate costs and is used in situations where the complexity of the business operation necessitates a more precise system for allocating indirect costs.

By focusing on activities that generate costs, ABC helps companies to identify areas where costs can be cut, as well as identify and enhance areas where money is being spent effectively.

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Classes take place on Mondays and Wednesdays from 4:00-6:00 pm EST, at The Plan Room located at 1815 W Broadway.

Have a Nice Day.

The phrase "Project manage implementation" is included under the step of Implementation when establishing a retrieval service.

The term "project manage implementation" refers to the process of overseeing and coordinating the execution and deployment of a project. It involves managing the activities, resources, timelines, and deliverables necessary for successful implementation. In the context of establishing a retrieval service, project management implementation would involve organizing and leading the efforts to bring the retrieval service from the planning and development stage to actual implementation.

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The foreign corrupt practices act outlawed d. bribery of officials in other countries.

What is corrupt practices act?

The United States passed the Federal Corrupt Practices Act, often known as the Publicity Act, in 1910 and revised it in 1911 and 1925. Up until the Federal Election Campaign Act was passed in 1971, it remained the basic legislation of the country governing campaign funding in federal elections. On June 25, 1910, President William Howard Taft signed the Act.

For House general elections, the Act set expenditure caps for political parties. By mandating political party national committees to provide post-election reports on their contributions to particular candidates and their own expenditures, it was the first federal law to call for the public disclosure of spending by political parties but not by candidates.

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Explanation:

5.From which of the following, we get more sun's energy-

1 point

Eating other people

The importance of the government for the economic well-being of the nation and the people is to create public policies that encourage the creation of new businesses capable of generating jobs and increasing the quality of life.

It is an economic model that is based on greater freedom to conduct business, without government intervention. The free market is determined by the law of supply and demand.

Therefore, the free market system guarantees greater economic development in a country, heating up the economy, generating jobs and increasing the purchasing power and well-being of the population.

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Answer:

Employees,Governments,Local communities,customer

Answer:

An advertisement (often shortened to advert or ad) is the promotion of a product, brand or service to a viewership in order to attract interest, engagement and sales. Advertisements come in many forms, from copy to interactive video, and have evolved to become a crucial feature of the app marketplace.

The manager broke the organizational culture's code of ethics.

According to Reference for Business, organizational ethics are the principles and standards by which businesses conduct themselves. Acts of fairness, compassion, honesty, honor, and responsibility are the finest ways to show these qualities.

Every organization has a set of ethical principles that direct its actions and decision-making in order to maximize production and uphold its good name. By following rules and standards, ethical behavior makes sure that staff members accomplish their task with honesty and integrity and that the organization's goals are met. The twelve basic ethical principles are: honesty, fairness, leadership, integrity, compassion, respect, responsibility, loyalty, observance of the law, openness, and consideration of the environment.

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depreciation can be thought of as A discount placed on certain aspects of your business.

Depreciation is a method of accounting that allocates the cost of a tangible item over its useful life to account for value losses over time. Depreciation refers to two aspects of the same concept: first, the actual decrease in fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation of the original cost of the assets to periods in which the assets are used in accounting statements (depreciation with the matching principle).

Thus, depreciation is the loss in asset value and the mechanism used to reallocate, or "write down," the cost of a tangible asset (such as equipment) throughout its usable life period.

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Railroads distribution system is more than 90 percent of u.s. coal shipped.

Rail transport is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a prepared flat surface, rail vehicles are directionally guided by the tracks on which they run.

Exports from Norfolk, which ships more coal abroad than any other U.S. port, increased 5.8% year over year and jumped 6.4% compared to the first quarter. The ports in Buffalo, N.Y., and Cleveland booked significant increases quarter over quarter, soaring 254.6% and 419.3%, respectively.

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Credit card debt occurs when a credit card company's customer buys an item or service via the card system.

Revolving debt, such as credit card debt, is a sort of revolving debt. You can borrow month after month as long as you repay enough to ensure that you never owe more than your credit limit. Credit card accounts, unlike installment loan accounts, can be used continuously and are canceled once the debt is paid off.

As a result, Option B is the correct answer for the blank.

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A guidance counselor is a person who works in the schools and check with the student's academic progress.

A guidance counselor are the certified professionals who are employed in the schools and different institutions.

They helps the students by giving them advise and consultancy about their career and academic growth.

They basically assess the student's ability and provides them with personal counselling.

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Answer:

D. by date due

Explanation:

The entries to a schedule of accounts payable should be ordered by "date due" (Option D). This means that the accounts payable should be listed in the order of the due dates, with the earliest due date appearing first and the latest due date appearing last. This makes it easier for the person responsible for paying the bills to prioritize which bills to pay first and to ensure that bills are not missed or paid late due to disorganization.

Answer: by date received!

Bristol

Banksy's work grew out of the Bristol underground scene, which involved collaborations between artists and musicians. Banksy says that he was inspired by 3D, a graffiti artist and founding member of the musical group Massive Attack.

Answer:

False

Explanation:

explanation

The Retained Earnings line item in a statement of stockholders' equity represents the cumulative net income of the company that has been retained and not distributed to stockholders as dividends. Therefore, the correct answer is "Net Income".

A statement of stockholders' equity reports the changes in the company's equity over a period of time. It includes various line items such as common stock, additional paid-in capital, treasury stock, retained earnings, and dividends. Net income is added to the retained earnings account, and dividends are subtracted from it. Therefore, the Retained Earnings column will include the amount of net income earned by the company during the period.

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The method used to lower the full cost of higher education is not as follows. As soon as you can, purchase every book from the bookstore.

Think about dual enrollment.

Attend a community college first.

Examine the many housing possibilities.

Pick the appropriate menu.

Purchase no new textbooks.

Earn money while attending classes.

Look into all of your available help.

Take good care of your student loans.

The cost of attending a college or university includes tuition, books, transportation, and room & board.

The Free Application for Federal Student Aid, or FAFSA, should be filled out by families that are worried about how to pay for college, according to experts. By doing this, you can access a variety of financial aid opportunities, such as loans, grants, and scholarships.

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Answer:

  $1049.09

Explanation:

The present value of the balloon payment is ...

  $20,000/(1 +.06/12)^(12·10)) = $10,992.65

So, the effective amount of the loan is ...

  $105,487.80 -10,992.65 = $94,495.15

The amortization formula gives the payment as ...

  A = P(r/n)/(1 -(1 +r/n)^(-nt)) = $94,495.15(.06/12)/(1 -(1 +.06/12)^(-12·10))

 = $94,495.15(.005)/0.450367 = $1049.09

The monthly payment is $1049.09.

The investor began a regular investment program into shares of the kapco growth fund  this recommendation would result ina taxable transaction for those shares exchanged.

Any dividends and net realized capital  growth fund accrued by mutual funds over the course of the previous year must be distributed, and even if the money is reinvestment in shares of the fund, the distributions are taxable income.

Investors who are worried about their exposure to taxes might wish to think about investing in tax-efficient equity funds. By keeping holdings turnover low and harvesting losses to offset realized gains, these growth funds are often managed with an eye toward minimizing capital gain distributions, if practicable.

T. Rowe Price financial planners strongly advise investors to concentrate largely on their long-term financial goals, even when taxable considerations may play a significant influence in investing selections.

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The complete question is :

One of your customers has recently celebrated a 58th birthday. The investor began a regular investment program into shares of the KAPCO Growth Fund over twenty years ago. The account is showing a substantial gain. Because retirement is getting closer, you suggest using the exchange privilege offered by the KAPCO fund group. Your recommendation is to place half of the holdings into the KAPCO Balanced Fund. Following this recommendation would result in.

Cost push inflation is created when businesses decide to spend billions on new capital goods.

This is the term that is used to refer to the fact that there is an increase in the general price level in a given economy. The period of inflation is usually characterized by a rise in the prices of goods and services with a lot of these being too high for the consumers to purchase.

The cost push is caused when the cost of raw materials have become too much for the businesses to obtain. Hence the Cost push inflation is created when businesses decide to spend billions on new capital goods.

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Answer:

C

Explanation:

The correct answer would be option C that says that the struggling farmers receive less assistance from the government as fiscal policies are associated with determining the expenses and taxation policies to the various sectors to regulate the direction of the economy.

There are two types of Fiscal Policy that are Expansionary and Contractionary.

Expansionary fiscal policy:

Contractionary policy:

In this case, farmers did not get assistance from the government due to reducing the amount of Federal money available for farming and farmers is an illustration of Contractionary fiscal policy.

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