1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Strike441 [17]
4 years ago
14

Ellie has been working for an engineering firm and earning an annual salary of $80,000. she decides to open her own engineering

business. her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500. refer to scenario 13-9. ellie's annual economic costs will equal
Business
1 answer:
goldenfox [79]4 years ago
7 0
Ellie would have annual expenses of $15000+$3000+$1000+$1200+$35000=$55,200. If she cashed in her $20.000 deposit then her balance owing would be $35,200 so she would have to make at least this much or preferably the $55,200 to break even., 
You might be interested in
Please help will give brainliest
skad [1K]

Answer:

Art Direction - first choice

6 0
3 years ago
Read 2 more answers
Which of the following strategies can a country use to keep its products inexpensive for consumers in the U.S.?
Sedbober [7]

Answer:

Keeping its interest rates low

Explanation:

Interest rates correlate with the exchange rate of a country. Low-interest rates are unattractive to foreign investors. Investors associate low-interest rates with reduced returns. In the foreign exchange market, the demand for such a country's currency will below, resulting in a lower exchange rate against other currencies.

If a country has low-interest rates, its currency will be in low demand, meaning its strength will be relatively weaker against the US dollar.  One dollar will be able to buy a large quantity of goods and services from such a country. In other words, that country's exports will be cheaper in the USA.

8 0
3 years ago
Read 2 more answers
Items that save you money by allowing you to pay a relatively low price for a good or service include _____ .
sladkih [1.3K]
The question above has incomplete statement it lacks certain given choices. with this i made a research about the question and it turns out that the answer of the question in the items that save you money by allowing you to pay a relatively low price for a good or service is comparative shopping.
3 0
3 years ago
Which statement about journal entries in QuickBooks Online is true?
IgorLugansk [536]

Answer:

C. Your client can’t create an Adjusting Journal Entry.

Explanation:

In QuickBooks Online Accountant you (the accountant) make the adjusting journal entries, not your clients. It is like saying that you operate yourself while your doctor drinks coffee besides your bed.

the other options are wrong:

A. A Journal Entry cannot be used to account for depreciation of an asset.  ⇒ FALSE, QuickBooks doesn't automatically depreciate an asset, the user must do this through journal entries.

B. The Accountant user can’t create an Adjusting Journal Entry in QuickBooks Online.  ⇒ FALSE, when using QuickBooks Online Accountant you can create adjusting entries just like any other regular entry.

7 0
3 years ago
At the beginning of the current year, Sandy Brewer had a zero basis in her 38 shares of stock in Lindlee, an S corporation, a ze
Alona [7]

Answer:

As in her worthless note,Sandy has a zero adjusted basis. Her bad debt deduction is Nil according to Section 166 (b).

Section 166(g)(1) states that her capital loss realized on the deemed sale of this stoke is also nil because of zero adjusted basis in her worthless stock.

According to Reg. Sec.1.1366-2(a)(5) if all of her stock is disposed by an S corporation shareholder and loss carryforward attributable to the Section 1366 (d) basis. Limitaitons are permanently disaalowed.

Hence, her $7,400 ordinary loss carryforward can never be deducted by Sandy.

Sandy has no 2012 tax consequences from worthlessness of her Lindlee investments

7 0
3 years ago
Read 2 more answers
Other questions:
  • Which of these factors would tend to lower overall property values most in a single-family residential neighborhood?
    8·1 answer
  • Your debit card is stolen, and you report it to your bank within two business days. How much money can you lose at most?
    11·2 answers
  • A seller listed her residence with a broker. the broker brought an offer at full price and terms of the listing from buyers who
    14·1 answer
  • Which of the following people is likely to benefit from inflation? A. A person with low income B. A person who has a large savin
    7·1 answer
  • A customer buys 100 shares of XYZ stock at $43 per share. The customer then sells 1 XYZ $45 Call contract for a premium of $500.
    15·1 answer
  • What is the name for Americans who aim to reduce all government to a minimum and insist that government should protect public sa
    9·1 answer
  • According to the video, what are some hazards Stationary Engineers may face? Check all that apply. noise hazardous materials dan
    7·1 answer
  • Adecco Systems has a website service that allows the company to interact with its suppliers and share all types of data related
    13·1 answer
  • On January 1, 20A, two individuals invested $200,000 each to form Reiner Corporation. Reiner had total revenues of $20,000 durin
    11·1 answer
  • When marvel launched several successful series on netflix, including jessica jones, the defenders, iron fist, and luke cage, it
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!