Juanita knits blankets as a hobby and sells them. in the current year, she earns $5,000 from her blanket sales and incurs expenses of $600. juanita does not itemize deductions. on her tax return, she shoulda) report $5,000 of hobby income and deduct $500 of hobby expenses from agi. b) report $5,000 of hobby income and deduct $400 of hobby expenses for agi. c) report $5,000 of hobby income and deduct nothing from agi since juanita does not itemize deductions. d) report no hobby income and no hobby deductions.

Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?

Which of the following describes a situation of scarcity? a. someone offers free advice about getting into college. b. someone distributes free bottles of water at the beach. c. a child charges friends for a ride on his new bike. d. a person lets the kids in the neighborhood use his pool.