Answer:
D) $4,200
Explanation:
the business investigation expenses of a taxpayer who is already engaged in a similar trade or business are fully deductible in the year incurred regardless of whether or not the taxpayer goes into a new business.
Therefore, the maximum amount of deduction for the current year is
$4,200.
Answer:JC Coffee house journal$
Date
a. June 1 2022
Bank Dr. 15,000
Gem state bank Cr. 15,000
Narration. Acquisitions of $15,000, 8%, 7c months loan.
b. June 30, 2022
Interest Dr 1200
Gem bank Cr. 1200
Interest on loan for the month of June
C. Interest as at December 31 2022
8% * $15,000*7
=$8400
Jan 1 2023
Gem state bank Dr 23,400
Bank. Cr. 23,400
Narration. Payment of $15,000, at 8% , 7 months and associated interest on maturity.
Answer:
Operating profit using absorption costing will be higher by $3,600 than operating income if using variable costing.
Explanation:
<em>The difference between profit under variable costing and under absorption costing is simply the value of the change in inventory.
</em>
<em>Usually, a decrease in inventory would cause profit under absorption costing to be lower . This is so because cost of goods sold would become higher leading to a lower profit
. And vice versa</em>
<em>Difference in profit = POAR × change inventory
</em>
Predetermined Overhead absorption rate(POAR)
= Estimated overhead/ estimated production unit
= $24,000/2,000 units = $12 per unit
Change in inventory = 1500 - 1200= 300 units
Difference in profit = 300 × $12 per unit = $3,600
Operating profit using absorption costing will be higher by $3,600 than operating income if using variable costing.
In most cases, Employee Health Insurance is free as the employer pays for it. It is offered by the employer as a benefit. Thus, the cost of the payable premium is not deducted from the employee's salary unless specified otherwise.
An oligopoly does not exist when there is a lot of variety in the number of sellers and producers of media content.
What is an oligopoly-
An Oligopoly is a type of market in which :
- Few numbers of buyers and sellers.
- High capital cost to entry in the market.
- Similar but slightly different products. (eg. Cold drink companies)
- Entry may be restricted to a few firms
- there can be informal cartels within the existing firms which do not allow others to come in.
- The action of one firm has an effect on the whole market, this will leads to a prisoner's dilemma.
An example of an oligopoly market is - the Organisation of petroleum exporting countries(OPEC).
Disclaimer- The Question is incomplete the question may be "An oligopoly exists when there is a lot of variety in the number of sellers and producers of media content, but not much variety in what they actually produce. Is this statement true or false?"
To learn more about the types of markets please click on the link
brainly.com/question/24877850
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