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Damm [24]
3 years ago
9

Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine

the amount of start-up costs Juliette can immediately expense (not including the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios:
a. She incurred start-up costs of $4,200. what amount of start-up costs immediately expensed ?___
b. She incurred start-up costs of $45,500. what amount of start-up costs immediately expensed ?___
c. She incurred start-up costs of $53,800.what amount of start-up costs immediately expensed ?___ .
d. She incurred start-up costs of $65,500.what amount of start-up costs immediately expensed ?___
e. How would you answer parts (a) through (d) if she formed a partnership or a corporation and she incurred the same amount of organizational expenditures rather than start-up costs (how much of the organizational expenditures would be immediately deductible)?
Business
1 answer:
Norma-Jean [14]3 years ago
7 0

Answer:

1) She incurred start-up costs of $2,500.

a) Amount of start up costs immediately expensed?

$2,500, computed as follows:

1 Maximum immediate expense 5000 S 195(b)(1)(ii)

2 Total start-up costs 2500 Given In

problem

3 Phase-out threshold 50000 S 195(b)(1)(ii)

4 Immediate expense phase-out 0 (2-3)

Allowable immediate expense 2500 Lessor of (2)or-(1)-(4)

______________

2) She incurred start-up costs of $41,000

a) Amount of start up cost immediately expensed

$5000, computed as follows:

 

1 Maximum immediate expense 5000 S 195(b)(1)(ii)

2 Total start-up costs 41000 Given In

problem

3 Phase-out threshold 50000 S 195(b)(1)(ii)

4 Immediate expense phase-out 0 (2-3)

Allowable immediate expense 5000 Lessor of (2)or-(1)-(4)

3) She incurred start-up costs of $51,100.

a) Amount of start up cost immediately expensed

$3900, computed as follows:

 

1 Maximum immediate expense 5000 S 195(b)(1)(ii)

2 Total start-up costs 51100 Given In

problem

3 Phase-out threshold 50000 S 195(b)(1)(ii)

4 Immediate expense phase-out 1100 (2-3)

Allowable immediate expense 3900 Lessor of (2)or-(1)-(4)

4) She incurred start-up costs of $61,250.(Leave no answer blank. Enter zero if applicable.)

$0, computed as follows:

 

1 Maximum immediate expense 5000 S 195(b)(1)(ii)

2 Total start-up costs 61250 Given In

problem

3 Phase-out threshold 50000 S 195(b)(1)(ii)

4 Immediate expense phase-out 11250 (2-3)

Allowable immediate expense 0 Lessor of (2)or-(1)-(4)

5) How would you answer parts (a) through (d) if she formed a partnership or a corporation and she incurred the same amount of organizational expenditures rather than start-up costs (how much of the organizational expenditures would be immediately deductible)?

Answer:

The answers would be the same if these were organizational expenditures instead ofstart-up costs.Note, however, that organizational expenditures only apply tocorporations and partnerships and do not apply to businesses organized as soleproprietorships

Explanation:

Hope you got it :)

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Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point below that PPF. Assuming that th
qaws [65]

Answer:

The correct answer is: a new law that interferes with economic efficiency.

Explanation:

A production possibilities frontier shows all the points where production is efficient. The resources are being completely employed. The points above the frontier are unattainable. The points below the frontier are attainable but inefficient.

If there is a movement from the frontier to a point below it. This means inefficient allocation of resources. It can happen because of some law interfering in efficient allocation of resources.

3 0
3 years ago
According to the principles of scientific management, the best way to improve productivity is to Multiple Choice give employees
Korolek [52]

The best way to improve productivity would be to find the best method of doing each job, then teach those methods to employees.

<h3>What is productivity?</h3>

In the business environment, the notion of productivity has to do with the ability of employees to carry out tasks in the work environment in a more efficient, faster and better way.

To increase productivity, it is important that the workers are taught the best way to carry out their jobs.

Read more on productivity here:brainly.com/question/2992817

5 0
2 years ago
You are the public relations director of a nonprofit hospital in a competitive market in a midsized city located in a metro area
makvit [3.9K]

Answer:

HIV AIDS is contagious disease. It is responsibility of the healthcare professionals to handle the person with special care. This virus spread quickly in the body of the victim and the person is often unaware of the disease due to very mild or no symptoms.

Explanation:

To: CEO

Park lane Hospital

Central London,

09 - 06 -2021.

Respected Sir,

It is to bring into your knowledge about the spread of HIV/AIDS in the city. The people are unaware about the disease spread and those infected are carrying disease to others. There should be campaign run by the hospital to inform people about the spread of this contagious disease and preventions measures.

There should also be special arrangement for the people infected by the disease to stay and live in a separate house so the spread can be stopped.  The hospital can allow people with symptoms for a free checkup so that more people can come and have their routine checkup.

It is high time because if the spread will increase at the same rate then controlling the disease would become difficult.

Regards,

John Andrews.

7 0
2 years ago
. In a perfectly competitive market, the demand curve facing each individual seller is assumed to be ... a) perfectly inelastic
bagirrra123 [75]

Answer:

e) perfectly elastic

Explanation:

Elasticity is a measure of the sensitivity of demand to the price of a product. If demand is elastic, bidders should avoid raising prices as demand decreases considerably. Conversely, when demand is inelastic, consumers are less sensitive to price changes. When demand is perfectly elastic, this means that a slight increase in the price of a good will cause all demand to flow to a competing supplier. This is observed in competitive markets where providers provide the same type of good for the market price. If one of them raises the price, he loses all of his market share. This is because consumers are rational and will buy the product that is offered at the lowest possible price.

8 0
3 years ago
Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint pr
SashulF [63]

Answer:

Incremental loss of Spock = $19,800

Incremental profit of Uhura = $12,300

Incremental profit of Sulu = $94,200

Explanation:

Note: See the attached excel for the determination the incremental profit or loss that each of the three joint products.

In the attached excl file, the following formulae are used:

a. Incremental sales value = Sales value of processed product -  Sales value at split off point

b. Incremental profit (loss) = Incremental sales value - Costs to process further

Download xlsx
5 0
2 years ago
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