Answer: False
Explanation:
Inflation refers to the general rise in prices of goods and services in an economy. It erodes the value of currency because with inflation, one is able to buy less goods.
If the inflation rate increases by 2% each year then the inflation rate is not increasing. The inflation rate is remaining constant at 2%. The inflation rate would be increasing if the prices increased by 2% then by 4% then by 6%. That way the inflation rate would be increasing by 2% every year.
If the rate at which prices are increasing is constant then, the inflation rate is the same.
Answer:
security policy is the correct answer.
Explanation:
Answer:
Cost of goods sold
Explanation:
The cost of goods sold is the cost that is directly incurred for producing the goods that are sold by the organization
Here the formula to compute the cost of goods sold is
Cost of goods sold = beginning balance of raw material + purchase made during the year - ending balance of raw material
Therefore the cost of goods sold is the right answer
Answer:
Deduction = $8.7 million
Business interest carry forward = $1.8 million
Explanation:
given data
average gross receipts = $50 million annually
net business interest = $10.5 million
adjusted taxable income = $29 million
solution
we know as per the amended rule for the interest deduction and carry forward is
Sum of following will be allowed as deduction:-
- Business interest income for the taxable year
- 30℅ of Adjusted taxable income of the tax year
- The taxpayer's floor plan financing interest paid
and here limit is applicable for all but except average annual gross receipt which is less than the $25 million
so that company have average annual receipt limit is applied.
and Deduction will be
Deduction = 30℅ of Adjusted Taxable income
Deduction = 30℅ of $29 million
Deduction = $8.7 million
and
Business interest carry forward = Actual - deduction allowed
Business interest carry forward = $10.5 million - $8.7 million
Business interest carry forward = $1.8 million
<span>being concise is the answer
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