Answer:
$20,700 ordinary loss
Explanation:
Based on the information given if the first Operating assets generated a gain of the amount of $38,700 while the second assets generated a loss of the amount of $59,400 after been sold out which indicate or means that Hugo should recognize the amount of $20,700 ORDINARY LOSS which is calculated as :
Ordinary loss =-$59,400+$38,700
Ordinary loss =-$20,700
Therefore As a result of these sales, Hugo should recognize:$20,700 ORDINARY LOSS
Answer:
Butcher's warranty expense for Year 4 is $10,000
Explanation:
Since in the question, it is given that 5% of the toys are returned, and the warranty expenses should be charged on the replacement service or repair service. Even, the question has said the same.
So, the warranty expense computation is shown below:
= Sale units of toys × selling price per toy × returned percentage
= 10,000 toys × $20 × 5%
= $10,000
The warranty obligation part is irrelevant. Thus, we don't consider in the computation part. Therefore, it is ignored.
Hence, Butcher's warranty expense for Year 4 is $10,000
In the buying center, the Buyer exists the individual who selects the supplier and negotiates the purchase while the Gatekeeper manages the flow of information to all other roles.
<h3 /><h3>Who is a
buyer?</h3>
A buyer's call exists as an agreement between a buyer and seller in which the purchase of a commodity exists at a characteristic price above a futures contract that exists for the same grade and quantity. A business buyer exists as one who immerses in the purchase or acquisition of a part or the whole business organization. A business buyer can be a person, a group of individuals, or a corporation.
The gatekeeper determines what information should move past them (via the information “gate”) to the group or individuals beyond, and what statement should not. Gatekeepers exist at a high level, data decision makers who manage information flow to a whole social system. Gatekeepers exist as people or policies serving as a go-between, controlling access from one point to another. They may restrict, control or delay access to services. Alternatively, they may also be used to oversee how to work exists being done and whether it satisfies certain standards.
In the buying center, the Buyer exists the individual who selects the supplier and negotiates the purchase while the Gatekeeper manages the flow of information to all other roles.
To learn more about buyer refer to:
brainly.com/question/7126249
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Answer:
The answer is: Depends on what is considered entertainment, it can vary from $0 to $300.
Explanation:
You can deduct ordinary and necessary expenses from your business income.
Ordinary expenses are expenses commonly paid by other taxpayers in your same industry.
Necessary expenses considers things that you need to pay in order to do business.
Some expenses can only be deducted partially even if they are ordinary and necessary, like having meals with your clients. If Olga took the clients to dinner she can deduct up to 50% of what she paid for the meal ($600 x 50% = $300)
With the introduction of the 2017 Tax Reform Law entertainment expenses (e.g. theater tickets) are no longer deductible expenses. So if Olga took her clients to a concert, then she can't deduct any amount of money.
Answer:
It will take 8.8 years to double the investment given an interest rate of 8.8% annually.
Explanation:
Giving the following information:
Interest rate= 8.8%
<u>The rule of 70 is a means of estimating the number of years it takes for an investment or your money to double. </u>We will use the following formula:
<u></u>
Number of Years to Double= 70/Annual Rate of Return
Number of Years to Double= 70/8.8
Number of Years to Double= 7.95
It will take 8.8 years to double the investment given an interest rate of 8.8% annually.
