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4 years ago

Your friend wants to open a clothing shop. A necessary capital resource is a

1 answer:

6 0

Answer: Your friend wants to open a clothing shop. A necessary capital resource is a <u>place to open the shop.</u>

Explanation: Capital is the element constituted by money and infrastructure, which are needed to take advantage of human and natural resources in the productive process, considered as essential by the capitalists, since without money and other economic resources, companies cannot settle and industries, because they need it to have facilities, furniture, machinery, buy raw materials, pay staff, and so on.

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The company acquired a machine on January 1 at an original cost of $ 81,000. The machine’s estimated residual value is $ 15,000,

sveta [45]

Explanation:

The company acquired a machine on January 1 at an original cost of $ 81,000. The machine’s estimated residual value is $ 15,000, and its estimated life is 20,000 service hours. The actual usage of the machine was as follows:

Year 1 9,000 hours

Year 2 5,000 hours

Year 3 4,000 hours

Year 4 2,000 hours

7 0

2 years ago

In 2020, Miranda records net earnings from self-employment of $158,500. She has no other gross income. Determine the amount of M

grandymaker [24]

Answer:

Miranda's self-employment tax = $21,320

AGI income tax deduction = $10,660

Explanation:

Particulars Amount

Net Earnings from Self Employment $158,500

Taxable Self employment Earnings $146,374.75

(158,500*92.35%)

Social Security Tax ($137,700*12.4%) $17,074.80

Medicare Tax ($146,375*2.9%) $4,244.88

Self employment Tax = Social Security tax + Medicare tax

Self employment Tax = $17,074.80 + $4,244.88

Self employment Tax = 21,320

Taxpayer are allowed a deduction for AGI of 50% of self-employment tax.

= $21,320*50%

= $10,660

3 0

3 years ago

. A tomato farmer has used direct distribution to sell to local consumers through an area farmers' market. Last year, she sold 4

ch4aika [34]

Answer:

the farmer's total revenue when she uses the direct channel = 400 x $2.49 = $996

if she uses the indirect channel, her total revenue = 650 x $1.63 = $1,059.50

her total revenue will increase when selling to he supermarkets, but also her variable production costs will increase. This means that it is probable that her total contribution margin decreases even if total revenue decreases.

3 0

3 years ago

creden follows all procedural steps in conveying his property to adam. however, the deed does not state what type of interest is

Pepsi [2]

In a case whereby creden follows all procedural steps in conveying his property to adam. however, the deed does not state what type of interest is transferred to adam, the type of estate does adam own is A life estate, if that is what they agreed upon.

<h3>What is a life estate?</h3>

A life estate can be described as the estate that is been created by a deed that gives the land to the person "for life.

It should be noted that in this type of estate then there is usually the identification of what should happen to it after that person dies.

Therefore, the second option is correct.

Learn more about estate here: brainly.com/question/886326

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missing options:

A conditional estate, since there is a discrepancy.

A life estate, if that is what they agreed upon.

Fee simple absolute is presumed, since the deed does not state otherwise.

Either a fee simple absolute or a life estate.

3 0

1 year ago

If you put $100 into a bank account that earns five percent interest per year, what is the formula you should use to determine t

Ainat [17]

Answer:

Future value equals the present value multiplied by one plus the rate of interest in decimals.

Explanation:

Future value = present value x (1 + interest rate)

Interest rate = present value x interest rate

3 0

3 years ago