Answer:
c.) $10,000
Explanation:
Her 20% qualified business deduction is limited to 20% of her taxable income before the deduction.
Answer:
b.to verify that the ledger is in balance at the beginning of the next period.
Explanation:
Post-closing trial balance: In this trial balance, there is no role of net income as the temporary accounts are already closed and the net income is already transferred to the retained earnings account.
It is used to check that the debit balance and the credit balance is equal and balanced. Only the balance sheet item is displayed in this trial balance.
Thus, option b is correct as it carries forward the balance to the beginning of next period
Answer:
D. To allow consumers to rapidly place orders with Amazon.
Explanation:
The Amazon Dash Button is a small device that you can stick to virtually any surface in your home, and it let's you instantly order household items you're about to run out of.
Answer:
Percentage of the selling price
Explanation:
Markdown refers to a reduction in the regular selling price of an item. When a trader wants to clear some old inventory or in a sales promotion, they may reduce the regular price to attract more customers. The rate at which the price has been reduced in the markdown.
Markdown can be given in dollar amount. The seller indicates the amount of money that has been knocked off the price. Markdown can also be expressed as a percentage of the regular selling price. In such a case, the new price after the markdown has to be calculated.
Answer:
The bank can increase its loans by a maximum of $3750.
Explanation:
required reserves = Deposits×reserve ratio
= $5000×25%
= $1250
Lending capacity or loan = Deposits - required reserves
= $5000 - $1250
= $3750
Therefore, the bank can increase its loans by a maximum of $3750.