The implications of this business loss is that $162,000 will be treated as the NOL carryforward to subsequent years.
<h3>What is the threshold limit of single in 2021?</h3>
From 2021 IRS, there is a threshold limit of $200,000 as defined by IRS for single.
Tim has an excess business loss = Business loss - Threshold
= $362,000 - $200,000
= $162,000
Tim may use $200,000 of the $362,000 LLC business loss to offset non business income.
Since the excess business loss is treated as the portion of the Tim's NOL carry forward, then, the excess business loss of $162,000 will be treated as the NOL carryforward to subsequent years.
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Answer:
The direct materials cost variance is $25,900 unfavorable
Explanation:
The formula to compute the direct materials cost variance is shown below:
Direct material cost variance = Standard cost - Actual cost
where,
Standard cost = Number of pounds used for direct material × direct material pound per unit
= 7,000 pounds × $11
= $77,000
And, the actual total material cost is $102,900
Now put these values to the above formula
So, the value would equal to
= $77,000 - $102,900
= $25,900 unfavorable
Answer:
Turnover index = 13.74
Explanation:
Given that,
Total no. of homes = 524
Sold homes = 72
We need to find the turnover index in this neighborhood. It is defined as the ratio total number of leavers in a month by your average number of employees in a month multiplied by 100.
In this situation,
Hence, the turnover index rate is 13.74.
Answer:
They allow government to make some economic decisions.
Explanation:
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Answer:
C. optimal debt - equity ratio
Explanation:
Cost of capital is based on source of capital, and weights of capital, therefore major components include cost of equity, cost of debt, and their weight-age thus the debt to equity ratio plays an important role,
correct option is optimal debt - equity ratio, this ratio depicts the proportion of debt to equity.
