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hodyreva [135]
3 years ago
5

Susan purchases and places in service property costing $1,050,000 in 2019. She wants to elect the maximum Sec. 179 deduction all

owed and does not plan to apply bonus depreciation. Her business income is $900,000. What is the amount of her allowable Sec. 179 deduction and carryover, if any? Group of answer choices 179 deduction Carryover $1,020,000 0 179 deduction Carryover $900,000 0 179 deduction Carryover $900,000 $120,000 179 deduction Carryover $900,000 $150,000
Business
1 answer:
9966 [12]3 years ago
4 0

Answer:

d) Sec.  179 deduction $900,000

Carryover  $150,000

Explanation:

The amount of Susan allowable Sec. 179 deduction is $1,050,000 (cost of asset) but it is limited to her business income ($900,000)

Hence,

          Sec. 179 deduction $900,000

                          Carryover  $150,000

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Financial ratios that reflect the degree to which a firm relies on borrowed funds are called ________ ratios. leverage liquidity
Vanyuwa [196]
Leverage would  be your answer.

3 0
3 years ago
The Blanket Company (TBC) manufactures two types of blankets. One is made of nylon. The other is made of wool. The budgeted per-
Ksenya-84 [330]

Answer:

contribution margin of nylon blankets = $64

contribution margin of wool blankets = $120

annual fixed costs = $743,000

sales mix = 75% nylon blankets, 25% wool blankets

weighted contribution margin = ($64 x 75%) + ($120 x 25%) = $78

if TBC wants ot make $115,000 in profits it must sell:

= ($743,000 + $115,000) / $78 = 11,000 units

TBC must sell 2,750 wool blankets and 8,250 nylon blankets.

The Blanket Company (TBC)

Income Statement

Sales revenue                   $1,804,000

Variable costs                    <u>($946,000)</u>

Contribution margin            $858,000

Fixed costs                         <u>($743,000)</u>

Operating income                $115,000

4 0
3 years ago
Evelyn, who owns and operates Eve's Farm &amp; Garden Company, agrees to sell Hill &amp; Dale Produce, Inc., fifty bushels of ap
IrinaK [193]

Answer:

The answer is: A) breached

Explanation:

Evelyn breached her contract with Hill & Dale because she failed to perform her duties. In order for the contract to end, both parties must fulfill their duties or both parties must agree to cancel the contract. Any party involved in a contract can sue for damages, so Hill & Dale are entitled to sue Evelyn for compensatory damages.

5 0
2 years ago
Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations
DochEvi [55]

Answer:

c) $ 24,200

Explanation:

Computation of Total Period costs

Fixed selling and Administrative expenses                       $  8,800

Variable Selling and Administrative costs

$ 7 per unit * 2,200 units sold                                            <u>$ 15,400</u>

Total period costs                                                                $ 24,200    

The fixed manufacturing overhead is part of manufacturing costs so not considered.

The variable selling and administrative costs are based on units sold and not units produced.

5 0
3 years ago
Sample answer for brainliest! Most accurate and detailed answer gets brainliest! All answers get 30 points. No guesswork, NO lin
riadik2000 [5.3K]

Answer:

business is something to help out people by giving them money it doesn't matter what the actual thing you are doing but it is basically a online website or store or something or some sort till just make money and talk with people and business business is a lot of things I can't really name all of them because it's just a lot but LOL

Explanation:

sorry I know this is probably a not a probably not a good answer but yeah

5 0
2 years ago
Read 2 more answers
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