Answer:
$12,245
Explanation:
January:
Total value = Units left in inventory × cost per unit
= (28 - 19) × $210
= $1,890
February:
Total value = Units left in inventory × cost per unit
= (38 - 18) × $215
= $4,300
May:
Total value = Units left in inventory × cost per unit
= (33 - 22) × $220
= $2,420
September:
Total value = Units left in inventory × cost per unit
= (30 - 21) × $225
= $2,025
November:
Total value = Units left in inventory × cost per unit
= (35 - 28) × $230
= $1,610
Cost of the ending inventory:
= $1,890 + $4,300 + $2,420 + $2,025 + $1,610
= $12,245
It is the duty of every licensee to immediately notify the commissioner in writing of any change in his residence address, business address, or mailing address. Hence, the given statement is true.
<h3>What is an
address?</h3>
The term "address" refers to the location of a venue where something or someone can be easily found. There are various kinds of addresses that are used by humans to locate or locate either themselves or anything else or a human.
Some of the instances of address are residence address, business address, meeting address, and many more. All legal documents that are held by a person are registered at the address that is given by them.
Thus, when any kind of change in the address occurs or happens, it is the duty of the document holder to inform the signed authority.
Learn more about address from here:
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The complete question has been attached in text form:
Every licensee must immediately notify the commissioner in writing of any change in his residence address, business address, or mailing address
False
True
Answer:
The correct answer is: high; little.
Explanation:
In monopolistic competition, a firm produces at the level of output where the marginal revenue is equal to marginal cost. The firm is able to maximize its profit at this point.
However, the socially optimal level of output is where the price is equal to marginal cost. This level of output is greater than the profit-maximizing level of output and charges a lower price.
But since the firm is a price maker, it produces at the point where MR equals MC. At this point, the price is higher and the output produced is smaller. This creates a deadweight loss in the market.
Answer:
As in her worthless note,Sandy has a zero adjusted basis. Her bad debt deduction is Nil according to Section 166 (b).
Section 166(g)(1) states that her capital loss realized on the deemed sale of this stoke is also nil because of zero adjusted basis in her worthless stock.
According to Reg. Sec.1.1366-2(a)(5) if all of her stock is disposed by an S corporation shareholder and loss carryforward attributable to the Section 1366 (d) basis. Limitaitons are permanently disaalowed.
Hence, her $7,400 ordinary loss carryforward can never be deducted by Sandy.
Sandy has no 2012 tax consequences from worthlessness of her Lindlee investments
