Answer:
A. $287,000
B. $192,050
Explanation:
a. Based on the information givenwe were told that company ABC had net income of the amount of $287,000 after deducting Robert's salary of the amount of $86,100 which therefore means that ROBERT'S QUALIFIED BUSINESS INCOME will be the amount of $287,000.
b. Calculation to determine whether your answer to part (a) would change if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $181,050
Based on the information given the amount of $192,050 will be the additional amount of salary that can be deducted which is Calculated as:
=[$287,000 - ($181,050-$86,100)]
=$287,000-$94,950
=$192,050
Answer:
6.896; 50.97
Explanation:
Average inventory = (Beginning inventory + Ending inventory) ÷ 2
= ($180,000 + $197,000) ÷ 2
= $188,500
Therefore,
Inventory Turnover ratio = (Cost of goods sold ÷ Average inventory)
= $1,300,000 ÷ $188,500
= 6.896
Days sales in inventory = 365 ÷ Inventory turnover ratio
Days sales in inventory= 365 ÷ 6.89
= 50.97
When a consumer has to decide between buying a new smartphone or renting a new car, the determination of opportunity costs is difficult, as both the expenses have different utilities.
<h3>What is opportunity cost?</h3>
The cost, which is undergone in order to let go of an alternative divestment of such cost, is known as an opportunity cost. An opportunity costs may be backed by emotions and other external factors.
Hence, the significance of opportunity costs is given above.
Learn more about opportunity cost here:
brainly.com/question/13036997
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Answer: The correct answer is "a. decrease; decrease; decrease".
Explanation: Suppose the Federal Reserve engages in open-market operations. It sells $20 billion in U.S. securities. It also raises the reserve ratio. This causes excess reserves to <u>decrease</u>, the money supply to <u>decrease</u>, and the money multiplier to <u>decrease</u>.
Answer:
$5778.31
Explanation:
The correct answer is as follows:
Overhead cost = 9*31.62+666*2.86+77*46.61
= 5778.31
