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sergeinik [125]
3 years ago
7

Wendy is a self employed certified financial planner and began his business in 2018. During 2018, she purchased a $500 computer

and a $250 desk. She also paid $6,000 in legal/incorporation fees,and spent $12,000 for a new roof for the office building she owns. Which purchase(s) can she expense in 2018 without limitation? a) computer,desk,legal/incorporation fees,roof b) computer,desk,legal/incorporation fees c) computer and desk d) legal fees/incorporation fees, roof
Business
1 answer:
Ann [662]3 years ago
7 0

The correct answer would be option A, computer,desk,legal/incorporation fees,roof.

She also paid $6000 in legal/incorporation fees and spent $12000 for a new roof for the office building she owns. Computer, desk, legal/incorporation fees, roof, purchases she can expense in 2018 without limitations.

Explanation:

Wendy is a financial planner who began his business in 2018. She purchased computers, desks, paid legal/incorporation fees, and also spent money for a new roof for the office building.

All these purchases are already paid by him in the running year. So he does not have to worry about their limitation at least in 2018. These are mostly one time purchases that would need only maintenance in years, or he might have to pay only for the renewal of the legal/incorporation. Otherwise there would be no limitation on him in 2018 at least.

Learn more about Purchase expense without limitation at:

brainly.com/question/8050807

#LearnWithBrainly

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My name is Ann [436]

Answer:

C. Shareholders may remove the original owners from a corporation

Explanation:

Unfortunately, the founders of a corporation can be removed from the business. The process of removing a  shareholder is hectic but still possible. A shareholder's agreement binds the shareholders of a business or a corporation. The agreement is the equivalent of a contract among the shareholder.

A gross violation of the agreement by a shareholder may lead to their removal. The conditions and processes of removal are normally contained in the shareholder's agreement.

7 0
3 years ago
True or false: as a patient, your doctor must have you sign a hipaa consent and release form to share your ephi or phi with insu
Reika [66]
TRUE

As a patient, your doctor must have you sign a HIPAA consent and release form to share your ePHI and PHI with insurance providers who pay your medical bills. This is a part of HIPAA privacy rule.

HIPAA privacy rules are there to protect the medical records of an individual and also other personal information shared only to the doctors and health professionals.
8 0
4 years ago
The effective rate of a $25,000 non-interest-bearing simple discount 10%, 90-day note is
Vlada [557]
<span>For the answer to the question above, the $25,000 due in 90 days.
 I'll use 365 days per year. 10% simple discount:
25000*0.10(90/365) = 616.44
Cash in hand at the beginning of the 90 days:
25000 - 616.44 = 24,383.56

Solve for r: 616.44 = 24383.56*r*(90/365) 

r = 0.10252837 or the nearest answer is letter <span>C. 10.26%
It is not exact because maybe he rounded  off the </span></span>24383.56 
5 0
3 years ago
Banks are concerned mainly either the function of_____<br>​
Jlenok [28]
The answer is Economy
7 0
3 years ago
Read 2 more answers
Imagine you inherited $50,000, and you want to invest it to meet two financial goals: (a) to save for your wedding you plan to h
AleksAgata [21]

Answer:

<u>Solution and Explanation:</u>

<u>Evaluation for investment decisions </u>

  • Investing for Wedding
  • Investing for Retirement
  • CD – 24 months .
  • Energy sector mutual fund
  • General electric bond – 18 months
  • Johnson & Johnson stock
  • Money market shares
  • General electric bond – 2.5 years
  • Saving account
  • Dow ETF
  • Short term junk Bonds
  • Treasury Note – 60 months

CD – 24 months= Maturity period has met the criteria for short term goal and money used for their wedding

General electric bond – 18 months=Bonds are generally Long term or short term depends upon the maturity period for this bond has only 18 months maturity period

Money market shares = This instrument is readily converted into cash at any point in time

Saving account = No obligation of any maturity period saving account is personal account

Short term junk Bonds = Short term junk bonds are for a short period of time

Energy sector mutual fund = This sector mutual fund has long term maturity period and thereafter returns in the long term

Johnson & Johnson stock = It is considered as a dividend growth stock and investor invest for high growth on the market value of the share price

General electric bond – 2.5 years = This instrument has a long term maturity period

Dow ETF ETF is retained for capital gains in the near future period but their gestation period is high

Treasury Note – 60 months = Investment for 60 months which is not suited for short term goal of investor

 

6 0
4 years ago
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