Since the cost of entertainment are not deductible, then, the amount of expenditures that holly can deduct as a business expense will be $145.
Here, since the both are business partner, it is expected that they will both share the expenses therein.
However, the cost of entertainment are not deductible.
Holly"s expenses = $290 × 50%
Holly"s expenses = $145.
Therefore, the amount of expenditures that holly can deduct as a business expense will be $145.
Read more about deductible
<em>brainly.com/question/4708897</em>
Answer:
PV= $55,760.42
Explanation:
Giving the following information:
Monthly payment= $800
Number of periods= 10*12= 120
Interest rate= 0.12/12= 0.01
The investment is worth its present value.
<u>First, we will calculate the future value and the present value.</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly payment
FV= {800*[(1.01^120) - 1]} / 0.01
FV= $184,030.95
<u>Now, the present value:</u>
PV= FV/(1+i)^n
PV= 184,030.95 / (1.01^120)
PV= $55,760.42
Answer:
$945.50
Explanation:
The computation of the weighted average is shown below:
Ending inventory = opening inventory + Purchase - Sales
= 85 + (290 + 195 + 50) - 315
= 620 - 315
= 305
Average cost per unit = (Beginning inventory units × price per unit + purchase inventory units × price per unit + purchase inventory units × price per unit ) ÷ (Beginning inventory units + purchase inventory units + purchase inventory units)
= (85 × $2.60 + 290 × $3.10 + 195 × $3.20 + 50 × $3.60) ÷ (85 + 290 + 195 + 50)
= ($221 + 899 + $624 + $180 ) ÷ (620)
= $1924 ÷ 620
= $3.1
Weighted average = Ending inventory × Average cost per unit
= 305 × $3.1
= $945.50
Answer:
5% semi-annual.
Explanation:
Since you require to have a 10% payments from the investment, and the payments are semi-annual, your investment has to have a semi-annual payment of the 5% of the money that you invested in order to be able to reach the 10% annual that you require.
