Answer:
A) Piper or Sarah's income is not affected by her rent income since the cabin was only rented for 14 days and she also used the cabin for personal purposes for more than 14 days.
B) She can deduct mortgage interest ($10,000) and property tax ($1,500), she cannot deduct any other expenses because she is not engaging in any real estate rental activity. These expenses (mortgage interest and property tax) are expenses that anyone can normally deduct from their AGI.
Barry is the producer/manufacture and tom is the wholesaler/middleman
Answer:
The correct option is D.
Explanation:
The statement which is correct and true is the one that states the bank statement is a document which is received from the bank and it records the activity or transactions of the customer in the account because the bank statement is the only document which records the transaction of the customer account.
Therefore, the correct option is D.
Vested funds are the employers contribution and the non vested funds are the contribution of employee.
Answer:
C. The slope of the total cost curve
Explanation:
Marginal cost can be defined as the cost incurred as a result of producing an extra unit of goods. Marginal cost equals the slope of the total cost curve.
Marginal cost can be calculated as the change in total cost divided by the change in output.
That is,
Marginal cost (MC)= change in total cost(TC)/ change in output
MC=∆TC/∆output
Total cost(TC): This is the total cost of producing a commodity. It is the addition of fixed cost (FC) and variable cost (VC).
That is,
Total cost (TC)= fixed cost (FC)+ variable cost (VC)
Fixed cost(FC) are cost that doesn't change during the production process such as buildings, machineries, furnitures etc.
Variable cost(VC) are cost that changes during production process such as labor cost, cost of raw materials.