Answer:
$16,604
Explanation:
Calculation to determine Meghann's QBI deduction
Using this formula
Meghann's QBI deduction = Taxable income *Tax rate
Meghann's QBI deduction =$83,020 x 20%
Meghann's QBI deduction =$16,604
Therefore Meghann's QBI deduction is $16,604
Answer:cost leadership
Explanation:that uses low cost
Answer:
May's sales that are expected to be noncollectable are $7500.
Explanation:
The total collections from a months's credit sales is expected to be as follows,
35% in the month of sale
54% in the following month
6% in the second month after sale
The remaining is expected to be noncollectable.
The credit sales for a month are equal to 100%.
The percentage of noncollectable sales is = 100 - (35 + 54 + 6) = 5%
Thus, 5% of each month's sale is expected to be noncollectable.
May's sales that are expected to be noncollectable are,
Noncollectable Sales-May = 150000 * 0.05 = $7500
Answer:
$1,125,000
Explanation:
The calculation of the Equity Investment balance is shown below:-
Net equity income = Income - Dividends
= $250,000 - $25,000
= $225,000
Amortization of unrecorded patents = $600,000 ÷ 6
= $100,000
Balance of investment = Initial investment + Net equity income - Amortization of unrecorded patents
= $1,000,000 + $225,000 - $100,000
= $1,125,000