Answer:
Taxable Income for this year is $115,000
Explanation:
Particulars Amount ($)
Gross income of 3rd year 535,000
Less: Net loss of last years <u>(145,000)</u>
Gross Income 390,000
Less: Deductions <u>(275,000)</u>
Taxable Income <u>$115,000</u>
Working
Net loss of last years = $93,000 + $52,000
= $145,000
Answer:
a lot of competition from other artists that also have similar skills as Natalie.
Explanation:
The problem that Natalie is facing is that there is too much competition in the theater industry and jobs are scarce. The supply of talented artists is much higher than the demand, therefore, she is only able to earn a small amount of money.
Answer:
Who is Hired and Fired
Explanation:
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An investor who goes short in a futures contract will pay any increase in value of the underlying asset and will receive any decrease in value in the underlying asset
<h3>Who is an investor?</h3>
An investor is an individual who has invested certain amount of money in a business, firm or organization.
There is an agreement on the amount invested and how profit will be shared in the business.
Therefore, an investor who goes short in a futures contract will pay any increase in value of the underlying asset and will receive any decrease in value in the underlying asset.
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Answer:
allocated during the month 137,600
Explanation:
To determinate the overhead rat, we distribute all the overhead cost over a cost driver. In this case it will be the labor hours
total overhead cost 335,400
direct labour hours 78,000
rate: 335,400 / 78,000 = 4.3
now we calculate the applied overhead
actual hours x rate
32,000 x 4.3 = 137,600
This will be amount allocated to work in process during the month