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
s344n2d4d5 [400]
3 years ago
12

Carlos opens a dry cleaning store during the year. He invests $30,000 of his own money and borrows $60,000 from a local bank. He

uses $40,000 of the loan to buy a building and the remaining $20,000 for equipment. During the first year, the store has a loss of $24,000. In the next year, Carlos has a loss from the dry cleaning store of $18,000. For the second year, Carlos can deduct $ of the loss.
Business
1 answer:
aksik [14]3 years ago
3 0

Answer:

$6,000

Explanation:

Since the main the activitity of Carlos' business is dry cleaning services, but not a trade in or business in holding real property, he is only is at risk for $30,000 which is personal money

Therefore, the total of $24,000 will be deducted in the first year while the remaining $6,000 will be deducted in the second year to have a total of $30,000 which is his personal risk.

Therefore, for the second year, Carlos can deduct <u>$6,000</u> of the loss.

You might be interested in
5. Describe what sort of packaging or products you will use in your product or service.
spin [16.1K]

Answer:

The type of packaging or products that I will use in my product of service is:

Recyclable. Thus, I won't make wast

Explanation:

The reasons for this answer are two. First of all, recyclable materials create no waste because they are able to be transformed into products of the same material after they have fulfilled their objective. Therefore, in my case, I wouldn't create waste. On the other hand, my products would create recyclable material to be used again after the proper process. Because waste as the concept defines it is something that can't be used again.

5 0
3 years ago
Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture
erica [24]

Answer:

cost of goods manufactured= $3,760

Explanation:

1.

We weren't provided with the list

2.

Direct materials: $2,600

Factory overhead: $510

Direct labor: $1,200

Beginning work in process: none (December 31, 2019)

Ending work in process: $550 (January 31, 2020)

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 0 + 2,600 + 1,200 + 510 - 550

cost of goods manufactured= $3,760

7 0
4 years ago
According to growth accounting studies, investing in research and education Group of answer choices is the best way to achieve g
kobusy [5.1K]

According to growth accounting studies, investing in research and education is the best way to achieve greater technological progress.

<h3 /><h3>What is growth accounting?</h3>

It corresponds to a metric to identify which are the factors that most impact economic growth, also finding the rate of technological progress of a business.

Therefore, the greater investment in research and education, the more effective growth accounting measurements will be for identifying technological progress.

Find out more about growth accounting here:

brainly.com/question/15093997

#SPJ1

4 0
2 years ago
A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera
Oxana [17]

Answer:

d) $57,500

Explanation:

For computation of gross margin under absorption costing first we need to find out the unit product cost under absorption costing which is shown below:-

Unit product cost under absorption costing = Direct materials + Direct labor + Variable manufacturing overhead + (Fixed manufacturing overhead ÷ Units produced)

= $32 + $45 + $2 + ($43,500 ÷ 2,900)

= $32 + $45 + $2 + $15

= $94 per unit

Gross margin = Units sold × ( Selling price - Unit product cost under absorption costing)

= 2,500 × ($117 - $94)

= $57,500

5 0
3 years ago
Jerome Corporation's bonds have 15 years to maturity, an 8.75% coupon paid semiannually, and a $1,000 par value. The bond has a
aleksklad [387]

Answer:

5.01%

Explanation:

The bond nominal yield to call is  5.01%

4 0
4 years ago
Read 2 more answers
Other questions:
  • Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,00
    9·1 answer
  • Identify the incorrect statement about sales promotions.
    7·1 answer
  • On December 16, 2015, B. Darin Company received $5,000 from S. Dee Company for rent of an office owned by B. Darin Company. The
    8·1 answer
  • A check originally payable to cash, but subsequently indorsed with the words "pay to Li Ping," must be negotiated as:
    15·1 answer
  • "because upper management must deal with problems that are ambiguous but that could have far-reaching consequences, ____ skills
    5·1 answer
  • The grapevine is perceived by most employees as being more believable and reliable than formal communiqués issued by management.
    5·1 answer
  • A full-page, fully paid spread in the new york times publicizing a major oil company is best described as ________.
    6·1 answer
  • Your savings account currently has a balance of $32,300. You opened the savings account two years ago and have not added to the
    7·1 answer
  • A company is considering replacing its air conditioner. Management has narrowed the choices to alternatives that offer comparabl
    15·1 answer
  • "Shareholder wealth" in a firm is represented by:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!