Answer: $1,900
Explanation:
Theft loss deduction is calculated by adjusting the fair market value of the asset for a theft loss floor limitation of $100 and 10% of the person's AGI.
Theft loss deduction is:
= Fair value -Theft floor limitation - 10% of AGI
= 7,000 - 100 - (10% * 50,000)
= $1,900
Answer:
Expected cash balance = $48000
Explanation:
Given
Cash receipts = 171000
Cash disbursements = 158000
Starting period = 35000
Minimum desired cash balance = 10000
From the above,
Cash available = Cash receipts + starting period
= 171000 + 35000
= 206000
Therefore,
Cash balance at the month end
= Cash available - Cash disbursements (payments)
= 206000 - 158000
= $48000
False.................................................
Answer:
Market testing
Explanation:
Market testing is the phase in a product development where the market is tested for how well the potential new product will be accepted before it is finally produced in a large volume.
The prototype version of this product can be used for this purpose alongside a potentially suitable advertisement method .
The response of the market to this practice suggest the next line action for the producer , whether to go on with the production or make some improvement or totally abort the production plan
