When an economist says that the demand for a product has increased, this means that

Common forms of _____ used by consumers are car loans, home mortgage loans, and credit cards.

Lostsunrise [7]

ANSWER: CREDIT ACCOUNTS

5 0

3 years ago

Jamie has an undergraduate degree in finance and is employed full-time by a bank. She is taking courses at a local university le

ivann1987 [24]

Answer:

Please find the detailed answer as follows:

Explanation:

a) The cost of obtaining an MBA degree for someone who is employed in a business position normally is a deductible education expense. But if the reason for taking course is to qualify her for a new trade or business then the expense will not be deductible or disallowed.

Reasons Deductible or Nondeductible

It is to maintain or improve existing skills required in her present job. Deductible

It is to meet the minimum educational standards for qualification in her existing job. Deductible

It is to qualify her for a new trade or business. Nondeductible .

It is to meet the express requirements of her employer or the requirements imposed by law to retain her employment status. Deductible.

b) $4,000 will be allowed as deduction for qualified tuition under § 222. Except for this amount of tuition portion, Jamie must itemize to claim the deduction and it will also be subject to the 2% of AGI limitation.

5 0

4 years ago

Paraphrasing a sender's message is an effective tool to promote understanding.

Korvikt [17]

The answer is b, false.

7 0

3 years ago

If marginal cost becomes higher than price, what happens to a company

juin [17]

Increase price value profit becomes higher than price, what happens to a company

5 0

3 years ago

Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil f

zubka84 [21]

Answer:

a. Raw Material Purchases (Dr.) Nkr200,000

Accounts Payable (Cr.) Nkr200,000

b. Work in process (Dr.) Nkr185,000

Raw material (Cr.) Nkr185,000

c. Manufacturing Overhead (Dr.) Nkr63,000

Selling and admin Overheads (Dr.) Nkr7,000

Utility expense (Cr.) Nkr70,000

d. Direct Labor wages (Dr.) Nkr230,000

Indirect Labor wages (Dr.) Nkr90,000

Selling and admin Salaries (Dr.) Nkr110,000

Salaries Expense (Cr.) Nkr 430,000

e. Maintenance expense (Dr.) Nkr54,000

Cash (Cr.) Nkr54,000

f. Advertising expense (Dr.) Nkr36,000

Cash (Cr.) Nkr36,000

g. Depreciation Expense (Dr.) Nkr95,000

Accumulated depreciation (Cr.) Nkr95,000

h. Rent Expense (Dr.) Nkr20,000

Cash (Cr.) Nkr20,000

Explanation:

i. No entry

j. Finished goods (Dr.) Nkr770,000

Cost of goods manufactured (Cr.) Nkr770,000

k. Cash (Dr.) Nkr1,200,000

Sales (Cr.) Nkr1,200,000

8 0

3 years ago