Answer:
Yes he can use FHA
Explanation:
Because FHA Loans are the most forgiving of foreclosures. To qualify for an FHA mortgage loan, you must wait at least three years after the foreclosure. The three year clock starts ticking from the time that the foreclosure case has ended, usually from the date that you prior home was sold in the foreclosure preceeding. If the foreclosure also involved an FHA loan, the three year waiting periods starts from the date that FHA paid the prior lender on its claim
Answer:
$231,140
Explanation:
The computation of the amount reported in the cost of goods sold is shown below:
= Number of pool cues sold × total manufacturing cost per pool cue
where,
Number of pool cues sold would be 26,000 pool cues
And, the total manufacturing cost per pool cue would be
= Direct Materials per cue + Direct manufacturing Labor per cue + Manufacturing Overhead per cue
= $2 + $6 + $0.89
= $8.89
Now put these values to the above formula
So, the value would be equal to
= 26,000 cues × 8.89
= $231,140
Answer:
True
Explanation:
According to the IRS:
- ordinary expenses are expenses that are common and accepted in a company's trade or industry.
- necessary expenses are expenses that help your company carry on its normal business.
Tax deductible expenses must be ordinary, necessary, and reasonable.
Answer:
Permanent partial disability
<h3>
What is permanent partial Disability?</h3>
- Permanent Partial Disability — a worker's compensation disability level in which the injured employee is still able to work but not with the skill and efficiency demonstrated prior to the injury.
- As a result, the earning capability of the worker is affected.
To learn about Permanent partial disability, refer
to brainly.com/question/25689052
#SPJ4
No. of shares outstanding before stock dividend = 634000
Price per share = $46
Stock dividend issued (shares issued) = 634000 x 13%
= 82,420
Value of stocks issued as stock dividend = 82420 x $46 = $3,791,320
No. of shares outstanding after stock dividend = 634,000 +82,420
=716420
Cash dividend = 716420 x 0.60
= 429,852
Total reduction in retained earnings = total value of dividend issued
= $3,791,320 + $429,852
= $4,221,172
