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vova2212 [387]
3 years ago
5

In 2013, Emma purchased an automobile, which she uses for both business and personal purposes. Although Emma does not keep recor

ds as to operating expenses (e.g. gas, oil and repairs), she can prove the percentage of business use and the miles driven each year. In march 2015, Emma seeks your advice as to what income tax benefit, if any, she can derive from the use of her automobile. What would you suggest?
Business
1 answer:
yuradex [85]3 years ago
5 0

Answer:

Emma can't utilise the genuine cost technique for derivation as the records are absent.   Everything she can do is that she can guarantee finding based on miles driven per year.So she can utilise the automatic mileage technique for deduction.

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‍You have just decided to add a new line to you manufacturing plant. Compute the expected loss/profit from the addition if you e
nikklg [1K]

Answer:

The expected profit from the addition is $47,000

Explanation:

Total Addition can be calculated by netting expected values of all situations as follow:

Expected value = %Chance x additional Profit/loss

i Expected profit = 50% x $100,000 = $50,000

ii Expected profit = 30% x $0 = $0 (Profit is same there is no addition)

iii Expected profit = 20% x ($15,000) = ($3,000)

The expected profit from the addition = $50,000 + ($3,000) = $47,000

3 0
3 years ago
Population of household composition, price of real estate in the area, availability of mortgage credit, consumer tastes, and inc
Viefleur [7K]

Answer:

Demand.

Explanation:

Population of household composition, price of real estate in the area, availability of mortgage credit, consumer tastes, and income of consumers are all indicators of demand.

Demand can be defined as an economic principle which involves the willingness of a customer to pay an amount of money (price) for a desired goods or services it need or requires.

Simply stated, demand for goods and services rest solely upon the consumer of such goods and services.

6 0
3 years ago
For nonprofit organizations, strategy is long-term thinking related to
Mashcka [7]
The strategy for non-profit organizations for long term thinking I believe would be related to how they can foster social entrepeneurship to enhance their ability to serve the public in terms of research (such as of mining companies practices in foreign countries like with Mining Watch say) and in terms of how they spend their money to improve the social conditions for those they serve like say people with mental and developmental disabilities.
6 0
3 years ago
Calculating Residual Income Pelican Manufacturing earned operating income last year as shown in the following income statement:
TiliK225 [7]

Answer:

(A) $425,000

(B) $24,350

Explanation:

(a) Average Operating Assets:

= (Beginning Operating Assets + Ending Operating Assets) ÷ 2

= ($390,000 + $460,000) ÷ 2

= $425,000

Therefore, the average operating assets is $425,000.

(b) Residual Income:

= Operating Income - (Minimum Rate of Return × Average Operating Assets)

= $66,850 - (10% × $425,000)

= $66,850 - $42,500

= $24,350

6 0
3 years ago
The cost of a high-quality 250-horsepower compressor was $13,500 when recently purchased. What would a 608-horsepower compressor
frez [133]

Answer:

Cost of 608 hp compressor = $32,832

Explanation:

Given:

Cost of 250 hp compressor = $13,500

Find:

Cost of 608 hp compressor

Computation:

Cost of 608 hp compressor = Cost of 250 hp compressor x [608 / 250]

Cost of 608 hp compressor = $13,500 x [608 / 250]

Cost of 608 hp compressor = $32,832

4 0
2 years ago
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