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kicyunya [14]
4 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]4 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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Who determines Brand value?
vova2212 [387]

Answer:

brand marketers is your answer

7 0
3 years ago
1 If Peter temporarily takes over Thomas's job in his absence, what does this move represent? Briefly explain what this entails.
Ludmilka [50]

Answer:

This can be a positive challenge for Peter's career, as by taking on Thomas he will handle different tasks and job challenges, and by taking on the new responsibilities effectively, he will be able to be more recognized in the organization he works with and gain more trust from your superiors and Thomas, which is a positive point in the work environment that can lead to future promotions.

4 0
3 years ago
Bennett Co. has a potential new project that is expected to generate annual revenues of $253,100, with variable costs of $140,00
Vlad [161]

Answer:

Hence, the annual operating cash flow is:  $44860

Explanation:

                                 Year 0    Year 1

Initital investment    

Inflows                                $253,100  

variable costs                       ($140,000)

fixed cost                             (53800)

Depreciton                         ($23,200)

Interest expense                 ($19,500)

Net cash inflows                   $16600 

Tax at 40%                           ($6640)

Net Cashinflows after tax      $9960

Add Depreciation                   $23,200  

Interest net of tax                   $11.700

Operating cashflows              $44860

Hence, the annual operating cash flow is: $44860

5 0
3 years ago
A company has beginning inventory for the year of $13,000. During the year, the company purchases inventory for $150,000 and end
WARRIOR [948]

Based on the opening and closing inventories as well as the purchases, the company cost of goods is $138,000.

<h3>What are the cost of goods sold?</h3>

This can be found as:

= Opening inventory + purchases - closing inventory

Solving gives:
= 13,000 + 150,000 - 25,000

= $138,000

Find out more on cost of goods sold at brainly.com/question/24561653.

#SPJ1

8 0
2 years ago
Beth, a recent college graduate, recognizes that she has lots of nice "stuff," largely thanks to her family buying it for her. B
bixtya [17]

Answer:

D

Explanation:

Wealth is the value of all the assets a person owns

Beth is pondering on the value of all her assets less her debt. So, she is pondering on her wealth

4 0
3 years ago
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