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
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

You might be interested in
Personalized products is a small manufacturing firm specializing in custom-order tool and die work. a computerized accounting sy
sashaice [31]

Personalized products are a small manufacturing firm specializing in custom-order tool and die work. a computerized accounting system would help personalized products by helping management identify cash flow and other financial difficulties more quickly.

Customizing items to suit clients' unique requirements and preferences is known as product personalization. These personalized products may be made-to-order utilizing a conventional production process with a variety of options offered within existing parameters or they may be specially manufactured items made for a particular customer.

The majority of customers are more inclined to make purchases from a merchant who offers more pertinent messages, recommendations, and incentives as well as experiences that are more catered to their unique interests.

The company will be able to provide more items than was previously possible thanks to quicker updates, shorter time-to-market, and improved business procedures using automated and collaborative workflows.

To learn more about product personalization refer to:

brainly.com/question/15006525

#SPJ4

8 0
1 year ago
Baylor Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of
inn [45]

Answer:

Cash= $183,950

Explanation:

Giving the following information:

Baylor Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of business are $156,800, $198,200, and $217,600, respectively, for April, May, and June. Depreciation, insurance, and property taxes represent $28,800 of the estimated monthly manufacturing costs. Insurance was paid on March 31, and property taxes will be paid in November. Three-fourths of the remainder of the manufacturing costs are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month.

May:

Manufacturing cost= 198,200 - 28,800= $169,400

Cost for June= 169,400*0.25= 42,350

June:

Manufacturing cost= 217,600 - 28,800= $188,800

Cost from May= 42,350

Cost for July= 188,800*0.25= -47,200

Cash= $183,950

6 0
3 years ago
You are asked to recommend whether a firm should make or purchase product A. The following are data concerning the two options.
Alexxandr [17]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

For the purchase​ option:

Buying price= ​$22 per unit.

For the make​ option:

Weekly rental payment of ​$30,800

The firm also has to hire five operators to help make product A. Each operator works eight hours per​ day, five days per week at the rate of ​$14 per hour.

The material cost for the make option is ​$15 per unit of product A.

A) We need to find the number of units that makes the unitary fixed costs= $7

Weekly rental= 30800

Direct labor= ($14*8 hours*5workes)*5 days= 2800

Total fixed costs= $33,600

Unitary fixed costs= total fixed costs/ Q

7=33600/Q

Q= 4800 units

B) Now Q= 6600

Buy= 6600*22= $145,200

Make= 6600*15 + 33600= $132,600

3 0
3 years ago
Characteristics of capital projects include: Group of answer choices Involves long-lived assets Usually requires long-range plan
Verdich [7]

Characteristics of capital projects include (B) usually requires long-range planning and extensive financing.

<h3>What are capital projects?</h3>
  • A Capital Project is one that serves to maintain or improve a City asset, also known as infrastructure.
  • A project must meet ONE of the following requirements (criteria) to be included in the Capital Budget.
  • It is a project that involves the construction, enlargement, renovation, or replacement of an existing building or facilities.
<h3>Characteristics of capital projects:</h3>
  1. Long-lasting assets are involved (e.g, buildings, roads and bridges, etc.)
  2. A construction project is usually included.
  3. Long-term planning and extensive financing are usually required.
  4. Maintain a project-life emphasis rather than a year-to-year concentration.

Therefore, characteristics of capital projects include (B) usually require long-range planning and extensive financing.

Know more about capital projects here:

brainly.com/question/7442083

#SPJ4

Correct question:

Characteristics of capital projects include:

Group of answer choices -

(A) Involves long-lived assets.

(B) Usually requires long-range planning and extensive financing.

(C) Usually has a year-to-year focus.

4 0
2 years ago
You're a project manager in your company. an end user has suggested that everyone undergo extensive training to learn how to use
Sidana [21]

You're the project manager in your company. An end-user has suggested that everyone undergo extensive training to learn how to use a new system being developed. The next step you should take will be to analyze the impact of including the training in the project.

<h3>What is the role of the project manager?</h3>

The primary responsibility for designing, carrying out, overseeing, controlling, and wrapping up projects falls on project managers. The entire project scope, the project team and resources, the project budget, and the project's success or failure are all under their responsibility.

<h3>Is a project manager necessary?</h3>

Teams with project managers can divide a large undertaking into smaller, more manageable tasks. Project managers may manage their teams more effectively and respond to problems more quickly by dividing the project down into a clear sequence of assigned tasks, milestones, and deadlines.

Learn more about project team: brainly.com/question/19569405

#SPJ4

6 0
1 year ago
Other questions:
  • Use the following advice from most financial advisors to solve the problem. ∙ Spend no more than 28% of your gross monthly incom
    11·1 answer
  • U.S. Products operates two divisions with the following sales and expense information for the month of May: North Division: Sale
    7·1 answer
  • The Is financial statements detailing a firm assets liabilities and owners equality
    9·1 answer
  • A 30-year U.S. Treasury bond has a 4.0 percent interest rate. In contrast, a 10-year Treasury note has an interest rate of 2.5 p
    6·1 answer
  • Swifty Corporation manufactures widgets. Bowden Company has approached Swifty with a proposal to sell the company widgets at a p
    15·1 answer
  • Microsoft and a smaller rival often have to select from one of two competing technologies, A and B. The rival always prefers to
    5·1 answer
  • Jaymes Corporation produces high-performance rotors. It expects to produce 69,000 rotors in the coming year. It has invested $8,
    12·1 answer
  • Which of the following strategies is used in the following ad:
    13·2 answers
  • How do you give brainliest?<br><br> I cant figure it out.
    6·2 answers
  • Profitability measures such as return on assets (roa) and return on equity (roe) are ___ rates of return.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!