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Wewaii [24]
3 years ago
5

During 2017, William purchases the following capital assets for use in his catering business:

Business
1 answer:
mamaluj [8]3 years ago
3 0

Answer:

$21,640.

Explanation:

So, we are given the following data or parameters or information which is going to assist us in solving this question/problem:

=> "New passenger automobile (September 30) = $61,600."

=> "Baking equipment (June 30) = 18,480"

=>" William decides to use the election to expense on the baking equipment (and has adequate taxable income to cover the deduction) but not on the automobile (which has a 5-year recoveryand he also uses the MACRS accelerated method to calculate depreciation but elects out of bonus depreciation. "

=> "Assume he has adequate taxable income."

Therefore, if we are to follow the rules of the Internal Revenue Services, the new passenger automobile that is the depreciable limit = 11,160 - 8000 = 3,160.

Hence, the maximum depreciation deduction = Baking equipment + depreciable limit = 18,480 + 3,160 = $21,640.

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The independent variable in the hypothesis "the longer a U.S. line worker has been employed at a U.S.-based assembly plant, the
alex41 [277]

Answer:

Independent Variable

"The longer a U.S. line worker has been employed at a U.S.-based assembly plant..."

Explanation:

The independent variable is the element or variable that is independent of another variable.  In this case, "how difficult it is for the line worker to find new employment when the assembly plant moves to Mexico" a dependent variable, which depends on the length of time that the "U.S. line worker has been employed at a U.S.-based assembly plant," and not vice versa.

8 0
3 years ago
What is business activity?​
jenyasd209 [6]

Answer:

Business activities include any activity a business engages in for the primary purpose of making a profit. This is a general term that encompasses all the economic activities carried out by a company during the course of business.

4 0
3 years ago
Prepare partners' capital statement and partial balance sheet. (LO 2) For National Co., beginning capital balances on January 1,
timurjin [86]

Answer: The answer had been attached below

Explanation:

The purpose of a balance sheet is to show the financial status of a business at a particular point in time. It shows an asset i.e what is owned by an entity, the liability i.e how much an entity owes and an equity i.e the amount invested in a business.

The partners' capital statement and partial balance sheet. (LO 2) for National Co., has been prepared and attached below.

5 0
3 years ago
PLEASE HELP!!!
Anestetic [448]

Answer:

True

Explanation:

Market research can be defined as a strategic technique or tool that is typically used by entrepreneurs or business owners to gather information about a particular product. This is to enable them get an insight into buying patterns, requirements or choice and location of the target market (consumers).

When a market research is done properly, it is essentially an effective tool to help plan a business to grow and develop significantly with time.

Hence, market research can help entrepreneurs gain insight into viewpoints and opinions about a new product because it interconnects the manufacturer, consumer and the finished goods or services.

Additionally, market research can be used to gather specific information about rival companies in the same market (industry) and monitor market trends with respect to price.

4 0
3 years ago
A recent college graduate from Clayton State University has the choice of buying a new car for $33,500 or investing the money fo
Mandarinka [93]

Answer:

$3,280

Explanation:

The annuity factor of 11% at four years will be;

annuity = (1 - 1 / (1 +r)^n ) / r

annuity = 3.102

P = Pmt * annuity

P = 41,000 * 3.102

P = 127,182

If college graduate decided to buy a car then the annual yield that he receives from the investment in bonds will be opportunity cost.

$33,500 * 8% = $3,280

6 0
3 years ago
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