Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in t
he raw materials account was $24,000 and the ending balance was $44,000. Raw materials purchases during the month totaled $71,000. Manufacturing overhead cost incurred during the month was $115,000, of which $2,800 consisted of raw materials classified as indirect materials. The direct materials cost for May was:
Ramon is a sole proprietor and he has the right to take the profits from his business after conducting all the necessary tax deduction. Therefore, on the Schedule C Report, he can also document the income/profit he made after removing the self employment tax. He doesn't need to document the income from the payment card and other sources of income.
<span>The answer to this
question is False. Sanctions do not only rarely achieve their goal of forcing
change in the targeted country, but they also tend to produce collateral
economic damage in the nations that do apply them.</span>