Answer: $1,900
Explanation:
Theft loss deduction is calculated by adjusting the fair market value of the asset for a theft loss floor limitation of $100 and 10% of the person's AGI.
Theft loss deduction is:
= Fair value -Theft floor limitation - 10% of AGI
= 7,000 - 100 - (10% * 50,000)
= $1,900
<u>Business Analysis</u> is a comprehensive process to analyze data and produce outputs that can inform decision-making.
<h3>What is Business Analysis?</h3>
Business analysis is the collection of duties, skills, and methods needed to pinpoint business requirements and come up with solutions to enterprise-level problems. Although the general definition is identical, many sectors may have different practices and methods. In the information technology sector, systems development is a common component of solutions, but they can also incorporate process optimization or organizational change.
Business analysis can also be carried out to comprehend how a firm is doing right now or to serve as a foundation for identifying business needs. Business analysis is typically carried out to define and validate solutions that satisfy business demands, objectives, or goals.
Thus, Business Analysis is a comprehensive process to analyze data.
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Answer:
President Richard NIxon
Explanation:
The President Nixon administration came up with the idea to decentralize power as well as some programs to the state governments of the USA to reduce the pressure on the Federal government in the wake of the continued unrest from the Vietnam war alongside unemployment, etc.
In decentralizing power and programs, the giving of block grants and aids to states ensured the reduction in the dependence of the economy on the federal government and as such states began to take care of problems within it.
Cheers.
The only initial investment is the hard goods. business basics can be learned along the way as well but the first one is most beneficial.
Boomer company purchased office equipment for $1,000 on december 5. the office equipment depreciated $30 during december. the adjusting entry should include a: Debit to Depreciation expense $ 30
Adjusting entries correct previously recorded journal entries, allowing revenue and costs to be recognized as they occur.
Assume, for example, Depreciation that you bill a customer for $1,000 in services in December. They then pay you in January or February, after the previous fiscal year has ended.
To begin, you record the cash in December as profit expected to be collected in the future in accounts receivable. Then, when the client pays in February, an adjustment entry must be made to record the receivable as cash.
This is referred to as an accrued revenue adjustment entry.
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