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algol [13]
3 years ago
15

Racine started a new business in the current year. She incurred $52,000 of start-up costs. If her business started on November 2

3rd of the current year, what is the total amount she may deduct with respect to the start-up costs for her initial year, rounded to the nearest whole number?
Business
1 answer:
Lerok [7]3 years ago
3 0

Answer:

$3,544

Explanation:

The maximum immediate expenses amount of $5000 phases out for dollar if more than $50,000 of start-up cost are incurred. Thus, the immediate expensing is  $3,000

   ($5000 - ($52,000 - $50,000))

∴ ($5000 - ($2000) = $3000

The amortization is $544

($49,000/180) × 2 months

= $544

The total amount she may deduct = $3000 + $544 = $3544.

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_______ is the practice of sharing with employees at all levels of an organization vital information previously meant for manage
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1 year ago
You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money?
Ne4ueva [31]
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3 0
3 years ago
One timing problem with fiscal policy to counter a recession is a "recognition lag" that occurs between the:
Daniel [21]

Answer:

The correct answer is A

Explanation:

Recognition lag is the lag where there is time delay among when an economic shock like a bust or a sudden boom occurs and it is to be recognized by the central bankers, government and economists.

It is the timing problem with the fiscal policy for counter a recession is the recognition lag which occurs among the beginning of the recession and the time which it takes to acknowledge the recession which has started.

6 0
3 years ago
Epsilon Co. can produce a unit of product for the following costs: Direct material $ 8.80 Direct labor 24.80 Overhead 44.00 Tota
sergeinik [125]

Answer:

Make since the relevant cost to make it is $62.20.

Explanation:

There is an option below the question ask for details

The computation of the total product cost is shown below:

= Direct material per unit + Direct labor per unit + Overhead cost per unit

where,

Overhead cost per unit would be

= Overhead cost per unit × remaining percentage

= $44 × 65%

= $28.6

All the other items values would remain the same

Now put these values to the above formula  

So, the value would equal to

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4 0
3 years ago
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