Answer:
A. Deductible Amount = $125
This is because legal advice is fully deductible while there are no deductions available for fines.
B. Deductible Amount = $ 795
This is because the amount used in reserving parking is fully deductible, while the amount for ticket for her children is personal and hence doesnt fall under deductibles.
C. Deductible Amounts = $0
For all and any political purpose, deductibles doesnt apply. Whether it is in form of cash or kind. Hence, there is no deductions in this case.
Answer:
Aidan receives a job offer from XY corporation but rejects it.
Explanation:
From the information given in the question. I figured out that Aidan receives the offer from XY corporation but he rejects the offer as the salary they were offering was below his expectations.
Caitlyn suffers from frictional unemployment.
Answer:
The answer is "Option C".
Explanation:
The Unit variable expenses should remain unchanged, paying no attention to what the price operator is doing. Both variable prices will remain constant, paying little attention to adjustments in the costing system, as adjustments in the costing system may not impact all fixed expenses.
Although full fixed costs will remain constant, paying special heed to changes in the cost engine, group fixed costs will not. Unless the amount of a costing system increases, all operating rates will continue as before, however, the full number of items will increase as well as the operating unit price will reduce.
<span>C) initial cost = 11800 </span>
This time it will take you full 4 years
5300/1.13^4 = 3250.59
<span>14855.44 - 8800 = 3055.44 </span>
<span>cash required in year 4 = 3250.59 - 3055.44 = 195.15 </span>
<span>time required in year 4 = 195.15 / 3250.59 = 0.06 </span>
<span>Discounted payback period = year 1 + year 2 + year 3 + 0.06 = 3.06 years</span>
Answer:
The company reported $61,250 amount of Cost of Goods Sold
Explanation:
As gross profit percentage is the net percentage of sales revenue and cost of goods sold. We can find the cost of goods sold percentage as follow
Gross profit = Sales - Cost of Goods Sold
Placing the percentage
65% = 100 % - Cost of Goods sold
Cost of Goods sold = 100% - 65%
Cost of Goods sold = 35%
Now calculate the value of cost of goods sold using following formula
Cost of goods sold percentage = Cost of good sold / Sales Revenue
35% = Cost of Goods sold / $175,000
Cost of Goods sold = $175,000 x 35%
Cost of Goods sold = $61,250
