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
dlinn [17]
3 years ago
12

Peter operates a dental office in his home. The office occupies 250 square feet of his residence, which is a total of 1,500 squa

re feet. During 2018, Peter pays rent for his home of $12,000, utilities of $4,800, and maintenance expenses of $1,200. What amount of the total expenses should be allocated to the home office?
Business
1 answer:
Alex777 [14]3 years ago
7 0

Answer:

$3,000

Explanation:

Per IRS form 8829, allocation of total expense to home office can be arrived by dividing the total usable area of home by the work area to get the percentage of expenses allocable to home office.

So, 250 square feet / 1500 square feet = 16.6666666%

Total expenses incurred;

Rent $12,000

Utilities 4,800

Maintenance 1,200

—————

Total $18,000x16.6666666%=$3,000

or simply, $18,000 x 250/1500 = $3,000 (to be exact in decimal points)

You might be interested in
brian buys a case of 12 bottled waters for 4.99 and a 12 pack of oreos for 5.99 for his volleyball team. there are a total of 12
RUDIKE [14]

Each player owe Brian 92 cents.

4.99+5.99 = 10.98

10.98/12 = .915 or approximately 92 cents

to check : .915 x 11 =  10.065 + .915 (brian's share) =  10.98

5 0
3 years ago
What information in a drawings title block identifies the project?
Oksi-84 [34.3K]

Answer:

/hhvkkkkkkkkkkkkkkkk

Explanation:

8 0
3 years ago
Tim wants to buy an apartment that costs $2,225,000 with an 85% LTV mortgage. Tim got a 30 year, 3/1 ARM with an initial teaser
Vika [28.1K]

Answer:

monthly payment = $10,009 (rounded to nearest dollar)

Explanation:

A 3/1 adjustable rate mortgage (ARM) means that the monthly payment will be fixed during the first 3 years only. Then they should vary, although the variance is generally upwards. The monthly interest can be calculated by using the present value of an annuity formula:

monthly payment = present value of the loan / annuity factor

  • present value of the loan = $2,225,000 x 85% = $1,891,250
  • PV annuity factor, 0.40625%, 360 periods = 188.9615

monthly payment = $1,891,250 / 188.9615 = $10,008.65256 ≈ $10,009

4 0
3 years ago
vSelected financial data for The Portland Porcelain Works Coffee Mug Division is as​ follows: Sales $ 2 comma 000 comma 000 Oper
ioda

Answer:

Capital turnover = 2.5 times

Explanation:

given data

Sales =  $2,000,000

Operating income = $400,000

Total assets = $800,000

Current liabilities = $120,000

Target rate of return = 13​%

Weighted average cost of capital = 6​%

to find out

Portland Porcelain Works Coffee Mug Division capital​ turnover

solution

we get here Portland Porcelain Works Coffee Mug Division capital turnover that is find here by dividing sales by total assets

so

Capital turnover = \frac{sales}{total\ assets}     ......................1

put here value

Capital turnover = \frac{2,000,000}{800,000}

Capital turnover = 2.5 times

5 0
3 years ago
Jerome, Sheila, Gary, and Ella agreed to purchase a tract of land and make it available for use as a free playground for neighbo
lesya [120]

Answer:

Yes

Explanation:

The damages can be recovered as Jerome and Gary hung the playground swing improperly. A child was injured due to their negligent actions. The case will be on Meadowbrook Playground and not on the individual person who has committed the mistake. According to law, the damages can be recovered as the enterprise owned the whole property, and due to their carelessness in the installation of swing, the accident took place. The child's parent has every right to recover damages from the playground owner.

7 0
3 years ago
Other questions:
  • All of the following decisions fall within the scope of operations management EXCEPT​ for: A. creating the company income statem
    9·2 answers
  • 2. You have been asked to identify the various segment in the market and then a potential targeting strategy. Describe the segme
    12·1 answer
  • Suppose that in​ 2017, a typical U.S. student attending a​ state-supported college bought 10 textbooks at a price of ​$110 per b
    12·1 answer
  • Another name for a file allocation unit is a ______ .
    5·1 answer
  • Arona Corporation manufactures canoes in two departments, Fabrication and Waterproofing. In the Fabrication Department, fibergla
    9·1 answer
  • Hey wassup I'm lowkey bored y'all wanna do sum?
    6·2 answers
  • High operating leverage means: Select one: a. 1. The company has relatively low fixed costs. b. 2. The company has relatively hi
    10·1 answer
  • State 3 typical land uses in rural-urban fringe​
    11·2 answers
  • Highlight the difference between progressive and regressive tax.
    5·1 answer
  • Help me please i need it​
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!