You are trying to decide if you are going to drive or fly to San Diego, California for your upcoming vacation. Which of the following is irrelevant when deciding whether to drive or fly to San Diego?     Cost of plane ticket.     Cost of car insurance.     Wear and tear on your vehicle.     Cost of the gasoline.

Makiko Iwanami, a student from Osaka, Japan, is in one of your classes. She is considering the purchase of a used car and has been told that she must buy automobile insurance to register the car and obtain license plates. Makiko has come to you for advice, and you have decided to focus on three aspects of automobile insurance. 1. Explain how liability insurance works in the United States. Advise Makiko about which liability insurance limits she should select. 2. Makiko is especially impressed that automobile insurance includes medical payments coverage because she has no health insurance. Explain why the medical payments coverage does not actually solve her health insurance problem, and describe the type of coverage it provides. 3. Makiko plans to pay cash for the car and doesn't want to spend more than $5000. Outline the coverage provided by collision insurance and factors that might make such coverage optional for Makiko

Is this an example of a opportunity cost? Why or why not? “To begin, I began selling prints of my pictures in the year 2019. It's now closed. USPS and UPS were the options I had during this period to ship out orders. Because UPS was more expensive at the moment, I chose to mail my prints via USPS rather than UPS. My orders were delivered on time and without damage by the United States Postal Service. The opportunity cost is the cost of UPS shipping.”

Hanshaben

Assume that you have decided to drive your car to Florida for the spring break. A classmate learns about your plans and asks about riding along with you. Required: Select how you would apply each of the following cost concepts to the task of determining how much, if any, cost you would take into consideration for the purposes of setting a price to be charged for taking the classmate with you. a. Differential cost b. Allocated cost c. Sunk cost d. Opportunity cost How to allocate? Based on number of people, weight, number of suitcases, or what? What are other opportunities for you to earn revenue? What is the cost of alternative travel for your classmate? What costs have already been incurred and cannot be recovered, even if you don't make the trip? What costs will differ if a friend comes along?

How are realized income, gross income and taxable income similar, and how are they different? I am not able to find my textbook here. I am not finding this site useful at all. I will have many more than 30 questions per month as I am really struggling with this class. But I cannot find anyone to help me figure out HOW to use the site successfully.

Insurance premiums are very high for young drivers largely due to the fact that young drivers get into more automobile accidents than other drivers. Do you think that it is fair that young people are charged more for the same insurance that other drivers have? Is it fair that regardless of how good of a driver is, just because a driver is young he or she is charged more for their car insurance?

Help me please

Bobby Reynolds, a new client of yours, is a self-employed caterer in Santa Fe, New Mexico. Bobby drives his personal van when delivering catered meals to customers. You have asked him to provide the amount of business miles driven using his vehicle. You are planning on using the standard mileage method to calculate Bobby’s deduction for transportation costs. Bobby has responded by saying, “Well, I don’t really keep track of my miles. I guess I drove around 3,000 miles last year for the business.” What would you say to Bobby?   Please give a response as if you are a professional tax accountant.

Studying for my test and I need help with this question because I really don’t understand it. Please help me to solve it so I can understand it and be ready for the test. It will help a lot. Thank you