Answer:
Explanation:
The net assets would increase. This is because the $100,000 earnings from investments are additional cash inflows hence an increase in current assets. For the $3,000,000 if invested, it will be considered an asset. It is a cash donation invested to generate earnings for the non-profit organization. Thus, these two instances add onto the net asset value of Lifeworks.
Answer:
C) report $5,000 of hobby income and deduct nothing from AGI since Juanita does not itemize deductions.
Explanation:
After the passage of the Tax Cuts and Jobs Act (HR 1, “TCJA”) from the period 2018 to 2025 the hobbies deduction is no longer valid.
Thus Juanita cannot declare any deduction. As hobbies aren't businesses. They aim for fun and entertainment not profit is not entitled to the tax deduction businesses are.
The
gross margin ratio is also known as the gross profit margin or the gross profit
percentage.<span>
The gross margin ratio is computed by dividing the
company's gross profit dollars by its net sales dollars.</span>
swim department net sales--------------------- $1,150,000
cost of goods sold<span> -------------------------------- $638,400</span>
This means its gross profit is $511,600 (net sales of $1,150,000
minus its cost of goods sold of $638,400) and its gross margin ratio is 44%
(gross profit of $511,600 divided by net
sales of $1,150,000).
Answer:
look i don't care...
Explanation:
just joking i don't know that question
