Answer:
$5,000
Explanation:
Taxpayers can claim deduction on start up cost incurred by them to start an organization. Investigation cost is one such start up cost that can be claimed as deduction. In the first year lesser of following two conditions is claimed as deduction
1. $5,000
2. Original cost incurred.
In this case, investigation cost incurred by Wanda is $13,600 which is more than $5,000, she can claim deduction of $5,000 in the first year or current year. Rest of the amount is spread across 180 months starting from the month when operations begin.
1. Be descriptive but not too general or vague. Don't choose a name that is too vague or too meaningful.
2. Use related words in a creative way.
3. Keep it simple.
4. Don't copy your competitors.
5. Avoid using your own name.
6. Choose a name that's scalable.
7. Make sure you have a related domain.
Answer: total wage per week = $7.56 (assuming he worked for 52 weeks and produced those units in a year)
Explanation:
no.units wage per unit total wage wage per week
toaster 55 2 110 2.115384615
microwave 37 4.6 170.2 3.273076923
blender 73 1.55 113.15 2.175961538
total wage 393.35 7.564423077
Answer:
The correct options are:
- A. It is used to avoid the time and cost of writing checks for small amounts.
- C. It is established to pay for small payments like postage, shipping fees, etc.
- E. It is an asset reported on the balance sheet.
Explanation:
A Petty Cash Fund is a small amount of money that is kept on hand to be used in covering for the making of purchases that are too small to bother to write a check. Money from the petty cash fund can be used to pay for minor expenses such as postage, cab fares, shipping fees or office supplies.
Petty cash fund appears in the balance sheet on the current assets section. This is because line items in the balance sheet are sorted according to their order of liquidity. Since petty cash is highly liquid, it always appears near the top of the balance sheet.
