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kicyunya [14]
3 years ago
7

Arthur is a truck driver who owns his own business. He has been on the road for several months, and the constant wear and tear o

n his truck results in the need for several major mechanical repairs. This generates a loss for his business. Which of the following reflects how this will affect Arthur's tax obligation?A. Will be increased.B. Will be reduced.
Business
1 answer:
uranmaximum [27]3 years ago
5 0

Answer:

<u>Letter B is correct</u>. Will be reduced.

Explanation:

In this case, Arthur's taxes will be reduced. This situation happens according to some legal criteria. Arthur is a sole proprietor of his business, and since he has had significant losses tied to his business, he has the right to reduce personal expenses on such losses by subtracting this cost from his tax obligations.

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Provide 8 factors that impede business ability of Africans
Sloan [31]

The factors that impede business ability of African can be liken to trade barriers experienced in African region.

Many potential entrepreneur have been discouraged from starting their enterprises because of various business impediment.

The factors that impede the business ability includes:

  • Lack of good road route to deliver goods.
  • High tax rate for local produced goods.
  • Very high rate of import duties.
  • Corruptions among officers with key position
  • Lack of support for Small & medium enterprises (SME)
  • Inaccessibility to finance for the business such as loan.
  • Unfavorable government policy or regulation on business corporation

Read more about this here

<em>brainly.com/question/2531460</em>

3 0
2 years ago
Which of the following is not an form of money that was traded
Semmy [17]

Answer:

(D) because you cannot sell shells.

8 0
2 years ago
The categories for people-based services include a. volunteers, skilled operators, and professionals. b. unskilled labor, skille
Alex777 [14]

Answer:

b. unskilled labor, skilled labor, and professionals

Explanation:

  • As the people services include the semi and skilled based works done they include Lawn care, security guards, and skilled labor as plumbing and catering and those of the professionals include the accountant, lawyers, and the managing consultants.
8 0
3 years ago
If jorge produces 20 pounds of green beans, he can produce _______ pounds of corn
aniked [119]

If jorge produces 20 pounds of green beans, he can produce  <u>240 </u>pounds of corn.

<h3 /><h3> Production Possibilities Schedule</h3>

Based on the  Production Possibilities Schedule table given pound of green beans is 20 while pounds of corn is 240.

Based on this if he produces 20 pounds of green beans he can as well produce 240 pounds of corn.

Jorge's Production Possibilities Schedule

Pounds of Green       Beans Pounds of Corn

20                                 240

Therefore If jorge produces 20 pounds of green beans, he can produce  <u>240 </u>pounds of corn.

Learn more about  Production Possibilities Schedule here:brainly.com/question/26492942

#SPJ12

6 0
1 year ago
Testbank Multiple Choice Question 81 At the beginning of 2020, Sunland Company issued 8% bonds with a face value of $5700000. Th
laila [671]

Answer:

$527,737

Explanation:

The Bond Payment or Coupon always includes the Interest Portion and the the Capital Potion. The question only requires the Interest Portion of the Bond.

The Bond Parameters can be set as :

<em>PV = - $5,259,870</em>

<em>FV = $5,700,000</em>

<em>PMT = ($5,700,000 x 8%) ÷ 2 = $228,000</em>

<em>N = 5 x 2 = 10</em>

<em>YTM = 10 %</em>

<em>P/YR = 2</em>

Constructing an amortization schedule for 2020 gives :

Date            Capital Portion         Interest              Balance

June 30           $34,994              $262,994        $5,294,864

Dec 30             $36,743               $264,743         $5,331,607

Total                  $71,737                $527,737         $5,331,607

therefore,

The amount of interest expense to be reported for 2020 is $527,737

7 0
2 years ago
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