Answer: Option D
Explanation: As per the tax laws, the activities in which the taxpayer has expertise in and he or she is getting some kind of monetary benefit from performing it, then such activity will be seen as a business.
However, if the taxpayer do not repetitively perform an activity and derives no personal gain other than pleasure from performing such activity, then it will be a hobby.
Hence from the above we can conclude that the correct option is D.
Answer:
the annual financial advantage (disadvantage) for the company of eliminating this department is $18,500
Explanation:
the computation of the annual financial advantage (disadvantage) for the company of eliminating this department is as follows:
Annual financial Advantage (disadvantage) = $37000 - ($74000 - $18500)
= $37000 - $55,500
= $18,500
Hence, the annual financial advantage (disadvantage) for the company of eliminating this department is $18,500
It gives you a map so that you can find where u are going
Answer and Explanation:
The computation is shown below:
a. Material Price Variance is
= Actual Quantity × (Actual Rate - Standard Rate)
= 6000 × ($18000 ÷ 6000 - $4)
= $6,000 Favorable
b. Material Quantity Variance is
= Standard Rate × (Actual Quantity - Standard Quantity)
= $4 × (6000 - 5 × 1000)
= $4,000 (Unfavorable)
c. It is favorable as actual production is more than the normal monthly output
There are two main types of opportunity cost and they are:
- explicit opportunity cost
- implicit opportunity cost.
<h3>What is Opportunity Cost?</h3>
This refers to the foregone alternatives that are made when making a purchasing decision.
Hence, we can see that your question is incomplete, so I gave you a general overview to help you get a better understanding of the concept.
Read more about opportunity cost here:
brainly.com/question/8846809
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