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Delvig [45]
3 years ago
9

Generally, when business startup costs exceed the maximum amount allowed, the remaining costs may be amortized over_____ months.

(A) 240(B) 180(C) 120(D) 60
Business
1 answer:
irina1246 [14]3 years ago
8 0

Answer:

The correct answer is letter "B": 180.

Explanation:

During the first year a business operates, companies can elect to deduct up to $5,000 from their costs. If the costs are higher than $50,000, the deduction of $5,000 will be reduced by the exceeding amount. However, that exceeding amount can be amortized for up to 15 years (180 months).

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Buying a new computer for which of these reasons is most likely a sound financial decision
Anna71 [15]

Answer:

The correct answer is "You need it to do your hw".

Explanation:

A computer today is more than just a piece of entertainment. Many professionals work from home with one of these and depending on the characteristics of the job they must evaluate which computer to buy. Thus, buying a new computer involves taking into account several factors that influence the decision financially.

Have a nice day!

3 0
3 years ago
Read 2 more answers
The limited liability of a stockholder in a closely-held corporation may be challenged successfully if the stockholdera. Underca
lina2011 [118]

Answer:

The correct Option is A

Explanation:

When the limited liability of the stockholder and it is a closely held corporation which might be challenged successfully if the stockholder, undercapitalized the corporation  which means that the corporation does not have enough capital to pay creditors and conduct normal operations of the business and it will be done when it is established or formed.

5 0
3 years ago
Which of the following is not one of the four basic financial statements?
TEA [102]

Answer:

A revenue statement is not a basic financial statement.

5 0
3 years ago
Which of the following is LEAST likely to be a reason for firms to form a cartel?
GalinKa [24]

Answer:

The correct answer is letter "C": to raise competition among firms in the cartel.

Explanation:

A cartel is a group of companies or countries working together to regulate the price of a single product they produce in common. The cartel makes it impossible for a foreign business to enter the market and demand lower prices. Cartels are, in most cases, not helpful to customers. They generate high prices that remain unchanged until consumers find alternative ways to purchase the same items.

Under such a scenario,<em> cartels are unlikely to be formed to generate more competition among the companies that compose them.</em>

4 0
3 years ago
Barbara buys the same market basket each week and spends $60 on it. This week Barbara brought $60 to the store but could not buy
Arisa [49]

Answer:

there was inflation

Explanation:

Inflation may be defined as the rise in the price or the increase in the cost of a product or commodities in the market. It is when you pay more price for the same commodity that you have bought it in a less price earlier.

When there is inflation, the price of goods in the market increases.

In the context, Barbara usually buys the same market basket every week at a price of $ 60. But this week she could not buy the market basket even though she had $ 60 with her. This is because the price of the market basket increased this week due to inflation and now cost more than $60. So Barbara could not buy the market basket.

4 0
3 years ago
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