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3 years ago

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An increase in input costs in the production of electric automobiles caused the price of electric automobiles to rise. Holding e

verything else constant, how would this affect the market for gasoline-powered automobiles (a substitute for electric automobiles)?

2 answers:

WITCHER [35]3 years ago

5 0

Answer:

Explanation:

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SVETLANKA909090 [29]3 years ago

3 0

I’m not smart so I’m not really sure

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Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square f

jekas [21]

Answer:

a) $7,400

b)$60,000

Explanation:

First, we need to complete the question

a) What is Rita's home office deduction for the current year?

b) What is Rita's AGI for the year?

Solution

a) Rita's Home Office Deduction for the Current Year

Description Amount ($)

Gross Income 13,000

Subtract: Her Business Expenses (5,600)

The balance 7,400

Subtract: Expenses under 1st Tier (6,700)

(Interest 5,100 + taxes 1,600)

Balance 700

Subtract: Expenses unde 2nd Tier (700)

($800 Operating Expernses before limit)

Balance 0

Subtract: Expenses under 3rd Tier (0)

1,600 Depreciation before limit

<u>Net income from Rita's Business 0</u>

The Deduction allowed Rita is $7,400 a totla of the home office expenses and the home operating expenses

Note that there was no expense subtracted for the Tier 3 expenses this is because Rita's income had reduced to $0 and there was nothing to subtract from

B) What is Rita's AGI for the year?

The AGI is the Rita's reported AGI of $60,000 + $0 which is the net calculated income from her business. So her AGI remains $60,000.

6 0

3 years ago

___________ started the profession of advertising in the u.s. by using newspaper advertisements.

jenyasd209 [6]

I think it was Francis Ayer

3 0

3 years ago

Regarding the four-step closing process under the periodic inventory system, ________. A. Sales Revenue is closed with a credit

ziro4ka [17]

Answer:

The correct answer is D. the ending merchandise inventory balance must be recorded as a debit via the Income Summary account

Explanation:

In the permanent inventory system, all purchases, sales, discounts and returns on purchases and sales are recorded at cost, in the account Goods not Manufactured by the Company. Thus: Purchases: the acquisition of merchandise is accounted for with a debit in the Merchandise not Manufactured by the Company account and a credit in Banks or Suppliers, as the case may be.

The initial inventory represents the value of the stock of merchandise on the date the accounting period began. This account is opened when the control of the inventories, in the Major General, is carried out based on the speculative method, and does not return to movement until the end of the accounting period when it will be closed with charge at cost of sales or by Profit and Loss directly. And it is the detailed and detailed relationship of the stock of merchandise that a company has when starting its activities, after making a physical count.

The final inventory is made at the end of the accounting period and corresponds to the physical inventory of the merchandise of the company and its corresponding valuation. By relating this inventory to the initial one, with the net purchases and sales of the period, you will obtain the Gross Profits or Losses in Sales of that period. is the list of stocks at the end of an accounting period.

6 0

3 years ago

If a business cannot pay its debts, creditors can expect the owner(s) to pay the debts with their personal assets of the busines

lubasha [3.4K]

If this condition arises where a business can't able to pay it's debt, creditors can expect the owner to pay the debts with their personal assets of business is called- General Partnership or Sole Proprietorship.

<h2>What is sole proprietorship?</h2>

A sole proprietorship is an unincorporated company that is run and owned by one person. This type of business structure is the simplest because there is no legal distinction between the owner and the business.

The proprietor or dealer who owns the business uses their legal identity to carry on business. By registering a trade name with their local authority, they can also decide to conduct business under a different name.

This kind of business is the least expensive to launch. Small enterprises, independent contractors, and other people who work for themselves frequently use it because of this.

When the business owner decides or upon their passing, a sole proprietorship starts and ends.

To know more about Sole Proprietorship, refer to-

brainly.com/question/14593467

#SPJ4

4 0

1 year ago

Which of the following statements about public speaking skills is most accurate?

Dafna11 [192]

Answer:

a

Explanation:

For the employees to be successful in their respective fields ,one of the most essential skill required to succeed is public speaking. Public speaking is about communicating your idea or thoughts in public in an effective ways. It is all about being able to make the other people understand our thoughts.

All other options are absurd as far public speaking skills are concerned.

4 0

3 years ago