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Andru [333]
3 years ago
7

How much interest, if any, can jaxon deduct in year 0 if his business uses the cash method of accounting for tax purposes?

Business
1 answer:
kaheart [24]3 years ago
6 0
<span>Jaxon can deduct in year 0 if his business uses the cash method of accounting for tax purposes $750 under either cash or accrual method of accounting. Jaxon can only deduct two months of interest ([$4,500/12] Ă— 2) because prepaid interest is not deductible under either method of accounting.</span>
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Cozy Nights Industries manufactures down-filled comforters and uses activity-based costing. The following information is provide
yuradex [85]

Answer:

the total manufacturing cost per comforter is $120.4

Explanation:

The computation of the total manufacturig cost per comfortor is as follows:

= Cost × activity consumed ÷ Total activity

For material handling

= $12,600 × 4 ÷ 4,200

= $12

For Assembly

= $55,440 × 4 ÷ 4,200

= $52.8

For packaging

= $10,920 × 4 ÷ 1,050

= $41.6

And, the direct material cost is $14

So, the total manufacturing cost per comforter is

= $12 + $52.8 + $41.6 + $14

= $120.4

Hence, the total manufacturing cost per comforter is $120.4

This is the answer but the same is not provided in the given options

3 0
3 years ago
Marshall has received an inheritance and wants to invest a sum of money today that will yield $5,400 at the end of each of the n
BigorU [14]

Answer:

$3,315.13

Explanation:

To determine the amount of inheritance Marshall should invest today, we have to calculate the present value of $5,400.

PV = FV (1 + r)^-n

FV = Future value = $5,400

P = Present value

R = interest rate 5%

N = number of years 10

$5400(1.05^-10) = $3,315.13

I hope my answer helps you

3 0
4 years ago
Shear-it, Inc., produces paper shredders. Shear-it is considering a new shredder design for home offices. The marketing vice pre
stira [4]

Answer:

$49

Explanation:

Desired Profit = 0.3 x $70 =&21

Target cost = $70 - $21 = $49

8 0
3 years ago
Dear Mr. Helmsley:
lana [24]

Answer: b.Give more specific information, including dates and names.

Explanation:

The things that are needed to be changed in order to make the message appropriate for both the supervisor and the legal team is to give more specific information, including dates and names.

One doesn't need to show more outrage or use a friendly tone. This is a professional settings and a serious issue hence, a friendly tone should not be used. Rather, the person should give more information such as the name of the worker, the date that it occured and possibly the time as this will be of immense benefit to the legal team which will be used in following up on the issue.

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3 years ago
Ummm someone make a <br><br>zoom
mestny [16]

Answer:

no

Explanation:

but thx for pts tho :)

6 0
3 years ago
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