Answer:
Option (C) $178
Explanation:
Data provided in the question:
Startup expense incurred by the business = $9,000
Now,
The start-up costs and organizational expenses are deducted over a time period of 180 months
also,
$5,000 can be deducted in the first year by the startup expense.
Therefore,
Amortization amount reported as a "other expense" on Schedule C per month
= [ Startup expense - $5,000 ] ÷ 180
= [ $9,000 - $5,000 ] ÷180 = $22.22
for the year = $22.22 × Number of months left in the year from May
= $22.22 × 8
= 177.78 ≈ $178
Hence,
Option (C) $178
Answer:
Endogenous factors (variables that can be controlled when performing a model test):
The Wright brothers used the wind tunnel to improve the design of their aircraft's wings.
Exogenous factors (variables that cannot be controlled when performing a model test):
- wind and rain
- air pressure
No one can control the climate.
Answer:
a. decrease by $58,800 per month
Explanation:
The computation is shown below;
<u>
Particulars Amount </u>
Contribution from product X $94,800 ($28 - $22) × 15,800 units
Less: Fixed cost -$108,000
Net loss avoided -$13,200
Non-avoidable fixed cost $72,000
The Total cost in case the product fall $58,800
Hence, the correct option is a.
Answer:
<u>$35</u>
<u>Explanation</u>:
Note the formula:
Total revenue (TR)= Price (P) x Q and Marginal revenue (MR) = Change in TR / Change in Q
<u>Total Revenue for 2 units of output sold</u>
= 2 x $50 = $100
<u>Total Revenue for 3 units of output sold</u>
= 3 x $45 = $135
<u>The Marginal Revenue=</u>
Change in TR (135-100) / Change in quantity (3-2)
= $35/1
= <u>$35</u>
Therefore, the Marginal Revenue If the firm sells 3 units of output, will be $35.
Answer:
A. Tuition $4,000
B. $8,665
Explanation:
A..Based on the information given the expenses that might qualify as deductions for AGI(ADJUSTED GROSS INCOME) is TUITION
The amount of the expenses that might
qualify as deductions for AGI is the tuition amount of $4,000 reason been that we were told that he spent the amount of $6,600 on tuition and secondly the AGI(ADJUSTED GROSS INCOME limitations are not higher than the unmarried return of the amount of $65,000
b. Calculation to determine How much of these expenses might qualify as deductions from AGI
Tuition$2,600
($6,600 − $4,000)
Add Books and course materials $1,500
Add Lodging $1,700
Add Meals $1,100
($2,200 × 50% cutback adjustment)
Add Laundry and dry cleaning $200
Add Campus parking $300
Add Auto mileage $1,265
(2,200 miles × $.575)
Total deduction from AGI $8,665
Therefore The Amount of the expenses that might qualify as deductions from AGI is $8,665
