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
An example of a transfer payment is:________
Fed [463]

Unemplyment benefits are an example of a transfer payment. So, the correct option of this question is b.

Transfer payment is payment made or income received in which goods and services are not paid is known as transfer of payment. It is one-way payment. Transfer Payment is also known as Government transfer as it is given by the Government without goods and services being received in return. Transfer of payment is based on the concept of donor and recipient. A donor gives up something of value without receiving anything in return.

Unemployment benefits are given by the Government without receiving any goods or services in return so it is considered a transfer payment. The government collects money through taxes then this money is reallocated to citizens equally through welfare services.

Unemployment benefits are also provided by the Government therefore it is an example of transfer payment.

While other options are incorrect because rent, wages and government purchases dont have relation with transfer payment.

Therefore, the correct option of the given question is b i.e. Unemployment benefits.

You can learn more about transfer payment at

brainly.com/question/7176766

#SPJ4

6 0
1 year ago
As with all managerial work, arts and
lilavasa [31]
C. Especially art is what they look for
6 0
3 years ago
discuss the influences of supply and demand in your daily life. describe one good and one service you use daily, and describe th
tester [92]

Answer:

I use coffee daily. The supply for the coffee I bought (Colombian Coffee) is few then the price is expensive.  As the price is expensive I can only buy 2 pounds of this item per month. My demand is affected for the price that producers set to this coffee. I would like to buy more but then the supply of this product is limited therefore the prices will always be high.

7 0
2 years ago
You operate a small catering firm specializing in sit-down dinner parties that you prepare and serve yourself with no helpers. A
Greeley [361]
Well I would say B because the passage states that she doesn't have the staff and so on and so forth. But it didn't say that she couldn't cook it so I would cook it but make her subcontract the rest.
7 0
3 years ago
Mike, an advocate of a certain religion, publishes an article in New Times magazine insisting that Congress base all federal law
egoroff_w [7]

Answer:

<u>Press, Speech & Religion </u>

Explanation:

As per The First Amendment, the Congress had been prohibited to make any such laws which restrict an individual's freedom of speech, curtail the freedom of press or those which in any form promote or curb any religion.

In the given case, Mike, an advocate, supports a certain religion and went on to publish an article in a magazine, expressing his views and insisting upon Congress to base Federal Laws as per the principles of his religion.

The First amendment guarantees Mike, the freedom of speech i.e expression, freedom to practice the religion of his choice and the freedom of press i.e the freedom to publish an article expressing his views in a magazine.

5 0
3 years ago
Other questions:
  • In an episode of the Glee television series, members of the glee club sold home-baked cupcakes at school to raise money. The stu
    10·1 answer
  • The claims of creditors against the assets are
    10·1 answer
  • Assume the Residential Division of KappyKappy Faucets had the following results last​ year: Net sales revenue $16,320,000 Operat
    9·1 answer
  • The management of Bonga Corporation is considering dropping product D74F. Data from the company's accounting system for this pro
    8·1 answer
  • Suppose the Federal Reserve increases bank reserves and banks lend out some of these reserves, but at some point banks still hav
    6·1 answer
  • Recently, a senior software engineer complained that his boss was always in the "command and control" mode: "He doesn't trust us
    14·1 answer
  • Skipper just got hired as a media liaison for RPA Mines. He will be communicating the mission of the company, as well as giving
    9·1 answer
  • Bay City Company’s fixed budget performance report for July follows. The $440,000 budgeted total expenses include $300,000 var
    8·1 answer
  • Bonita Industries purchased a depreciable asset for $174500. The estimated salvage value is $14300, and the estimated useful lif
    8·1 answer
  • Ezmerelda jewelers has a marginal tax rate of 32 percent and an average tax rate of 20.9 percent. if the firm owes $34,330 in ta
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!