Answer:
$11,000
Explanation:
Based on the information given What will be the MAXIMUM AMOUNT OF THE CHARITABLE CONTRIBUTION ALLOWABLE as an itemized deduction on Deet's income tax return will be the amount of $11,000 which represent the amount the art value that Deet donated to the local art museum which was valued at $11,000.
Therefore the maximum amount of the charitable contribution allowable as an itemized deduction on Deet's income tax return is $11,000
Was horrible for growing crops if I remember correctly
The realized rate of return, or holding period return, is equal to the holding period dollar gain divided by the price at the beginning of the period is true.
A holding period is the quantity of time the funding is held via an investor or the duration of the purchase and sale of a security. In an extended function, the preserving duration refers back to the time between an asset's buy and its sale.
Personal equity investments are historically lengthy-term investments with standard preserving durations ranging between 3 and 5 years. Inside this described time period, the fund manager specializes in growing the value of the portfolio organization as a way to promote it at a profit and distribute the proceeds to buyers.
In making an investment, a holding period refers to the time between the purchase of an asset or investment and its sale. Preserving periods be counted because they decide whether or not an investor can pay the short-term or lengthy-time period capital profits tax rate once they promote an investment for a profit.
Learn more about the holding period here brainly.com/question/20383546
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Answer: b. shoe-leather costs
Explanation:
This is the shoe-leather cost inflation. It refers to the time and effort expended by people to ensure that they are able to avoid their cash losing too much value to inflation. Includes for instance, going to the bank multiple times because you are holding little cash on hand so it does not lose value.
It is named shoe-leather costs as a play on words because it is assumed that the time and effort put will result in walking around alot and degrading the quality of your shoes.
Answer:
(i) $34,200
(ii) $55,860
(iii) $23,960
Explanation:
Total sales = $ 240,000 + $392,000 + $168,000
= $800,000
Department 1:
sales = $240,000
Percent of total = sales ÷ Total sales
= $240,000 ÷ $800,000
= 0.3
Allocated amount = % of total × advertising to allocate
= 0.3 × $114,000
= $34,200
Department 2:
sales = $392,000
Percent of total = sales ÷ Total sales
= $392,000 ÷ $800,000
= 0.49
Allocated amount = % of total × advertising to allocate
= 0.49 × $114,000
= $55,860
Department 3:
sales = $168,000
Percent of total = sales ÷ Total sales
= $168,000 ÷ $800,000
= 0.21
Allocated amount = % of total × advertising to allocate
= 0.21 × $114,000
= $23,940