A(n) _____ refers to a situation where a publicly traded company is purchased and then taken off the stock market.

On December 1 of Year 1, Jones, a self-employed cash basis taxpayer, took out a loan to use in her business. The loan principal

Phoenix [80]

Answer: $6,000

Explanation:

When expenses such as this interest expense are for 12 months or more, the deduction will need to be evenly spread over the period that they apply to. As the loan was to be repaid in 24 months, the interest payment deductions should be evenly spread over 24 months.

= 12,000/24

= $500

That means that for Year 2, the relevant deduction will be for the 12 months in it;

= 500 * 12

= $6,000

4 0

4 years ago

A contractor purchased a dozer for $180,000 and anticipates using it for nine years. The salvage value of the dozer at the end o

ArbitrLikvidat [17]

The salvage value of the dozer at the end of year 1 is $163,000

The salvage value of the dozer at the end of year 2 is $146,000

The salvage value of the dozer at the end of year 3 is $129,000

The salvage value of the dozer at the end of year 4 is $112,000

The salvage value of the dozer at the end of year 5 is 95,000

The salvage value of the dozer at the end of year 6 is 78,000

The salvage value of the dozer at the end of year 7 is 61,000

The salvage value of the dozer at the end of year 8 is $44,000

The salvage value of the dozer at the end of year 9 is $27,000.

<h3>What is the book value of the dozer?</h3>

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

(180,000 - $27,000) / 9 = $17,000

Book value = cost of the asset - depreciation expense

Year 1 = $180,000 - $17,000 = $163,000
Year 2 = $163,000 - $17,000 = $146,000
Year 3 = $146,000 - $17,000 = $129,000
Year 4 = $129,000 - $17,000 = $112,000
Year 5 = $112,000 - $17,000 = 95,000
Year 6 = 95,000 - $17,000 = $78,000
Year 7 = $78,000 - $17,000 = $61,000
Year 8 = $61,000 - $17,000 = $44,000
Year 9 = $44,000- $17,000 = $27,000

To learn more about straight line depreciation, please check: brainly.com/question/6982430

5 0

3 years ago

Visit the eBay website and identify three ways a small business can use the website to support its operations.

Alex787 [66]

Answer:

The eBay website provides a platform for the small business to grow and do business using their sites.

Explanation:

eBay is a multinational e-commerce company situated on California. The company sells goods and items that is registered on its site.

Recently eBay, the e-commerce giant has pledge a 100 million dollar to support and help the small business of America. For this eBay is :

eBay is providing the new businesses in America a free of cost basic eBay store for a period of three months.
It is waiving off the fees for selling products for up to 500 sold products on eBay websites.
It will provide marketing as well as the merchandising tools, the discounted shipping supplies and the customization features so that the businesses can help build their brands.

8 0

3 years ago

When managers of firms in a competitive market observe falling profits, they may infer that the market is experiencing a. a viol

Oliga [24]

Answer:

c. the entry of new firms

Explanation:

The entry of the new firms in the market creating a market supply curves to shift to the right side and as the curve shifts the markets price then starts to decline with it

This declines the economic profits in the new and the existing firms as long as the profits exists in the markets and entry will continue to shift to supply to the right.

The diversification of the melt and the fall in the monopoly of the firms start to take place.

They take up resource ownership and technological developments. In short, they increase the competitiveness and bring rivalry into the market.

7 0

3 years ago

Consider the metaphor used in the article differentiating managerial and leadership roles (average managers play checkers, great

Jobisdone [24]

Answer:

Following are the solution to this question:

Explanation:

The metaphor of gambling, chess, and rallying related only to the degree of growing complexity and significance of different roles. In typical management needs and allocates capital, so named players. A senior executive not just uses the resource and also serves as a key motivator for both the company's so-called chess-making goals. Its successful leaders, however, not just to lead to accomplishing organizational targets, and also motivate individuals to serve a better future, and people are advised to rally to the metaphor is therefore said to have been accurate and is focused on the various positions and levels performed by the organization, thus distinguishing roles.

5 0

3 years ago