1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Y_Kistochka [10]
3 years ago
7

Charlotte owns a custom publishing business. She uses 500 square feet of her home (2,000 square feet) as an office and for stora

ge. All her business has come from telemarketing (telephone sales), direct mailings, or referrals. In her first year of operation, she has revenues of $37,000, cost of goods sold of $25,900, and other business expenses of $8,100. The total expenses related to her home are:

Business
1 answer:
leva [86]3 years ago
7 0

Answer:

As calculated below (attachment)She must deduct the expenses related to interest and taxes first, then deduct her other business expenses, then at last the depreciation.She may carry forward the $1,105 ($145 limit- $1,250 current depreciation) which she is not ble to use in the current year to a future year when her business has sufficient income to absorb the deduction.

Explanation:

You might be interested in
You want to buy a new sports coupe for $74,500, and the finance office at the dealership has quoted you a loan with an APR of 6.
Pachacha [2.7K]

Answer:

a) Monthly payments = $22,969.38

b) Effective rate of return= 7.12%

Explanation:

<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest. </em>

The monthly installment is computed as follows:  

Monthly installment= Loan amount/annuity factor

Loan amount; = 74,500

Annuity factor = (1 - (1+r)^(-n))/r

r -monthly rate of interest, n- number of months

r- 6.9%/12 = 0.575 % = 0.00575, n = 36 =

Annuity factor = ( 1- (1+00575)^(-36)/0.00575= 32.434

Monthly installment = Loan amount /annuity factor

=  74,500/32.434= 22,969.38

Required monthly payments = $22,969.38

Effective annual interest rate

Effective rate of return = ((1+r)^n- 1) × 100

where r - monthly interest rate- 6.9%/12 = 0.575%

n- number of months= 12 months

Effective rate of return - (1+00575)^(12) - 1× 100=  7.12%

Effective rate of return= 7.12%

5 0
3 years ago
Which of the following is the reason most people give for transferrin from a two year school to a four year school
dangina [55]

The reason could be that they want a higher education. 4 year degree is more rewarding than a 2 year degree. they want a higher education so they can get a better job that pays them even more. thats my opinion. remember this has to do more with money. the more you prepare yourself the more money you are able to get.

7 0
3 years ago
In 2005, mandy and hal (mother and son) purchased land for $600,000 as joint tenants with right of survivorship. of the $600,000
Romashka [77]

Answer:

$500,000

Explanation:

Actual amount contributed by Hal to the land purchase = Contribution - Gift from mandy = $300,000 - $200,000 = $100,000

Hal's contribution weight in the land = 100,000 ÷ 600,000 = 1 ÷ 6

Hal's gross estate in the land = $3,000,000 × (1 ÷ 6) = $500,000

Therefore, as to the land, hal's gross estate must include $500,000.

4 0
3 years ago
A statement of cash flows helps answer all of the following:
Lina20 [59]

Answer:

1. What explains the changes in the cash account?

2. Where does a company spends its cash?

4. How does a company receives its cash?

Explanation:

The Cashflow statement deals with the cash transactions of the company with a view to know how actual cash moves through the company. As a result, it can answer questions related to the cash transactions of the company.

This includes:

  • Why there were changes in the cash account because it shows what activities brought in cash and which took cash.
  • Where the company spends its cash because those entries will be shown.
  • Where the company gets its cash as well.
6 0
2 years ago
Which of the following is one of the three core issues in developing and implementing organizational strategy? A. Political issu
IgorLugansk [536]

Answer:

The answer is B. Behavioral issues

Explanation:

Behaviour is embedded into the people and when this occur for a very long period of time, it becomes highly difficult to change these behaviours and moreover it becomes difficult for the employees change their attitudes and mindset as well.

Behavioral issues are among key obstacles when in implementing a new organisational strategies.

5 0
3 years ago
Other questions:
  • The most recent data from the annual balance sheets of N&amp;B Equipment Company and Jing Foodstuffs Corporation are as follows:
    11·1 answer
  • What is an example of a problem in the world today, not mentioned in the chapter, that has an economic dimension?
    5·1 answer
  • The 2016 financial statements of Leggett &amp; Platt, Inc. include the following information in a footnote. (in millions) 2016 2
    13·1 answer
  • Decathlon Corp., a sports shoe manufacturer, launches a new line of sports shoes. To promote the product, Decathlon Corp. invite
    14·1 answer
  • Eli Lilly is very excited because sales for his nursery and plant company are expected to double from $600,000 to $1,200,000 nex
    5·1 answer
  • Clarissa wants to fund a growing perpetuity that will pay $ 4 comma 000 per year to a local​ museum, starting next year. She wan
    6·1 answer
  • A company issues 9%, 5-year bonds with a par value of $140,000 on January 1 at a price of $145,678, when the market rate of inte
    6·1 answer
  • The future of crime-and-justice reality provides for differing scenarios. the scenario that portrays the commercial media as ope
    15·1 answer
  • What are the differences between the five-stage model of team development and the punctuated equilibrium model?
    14·1 answer
  • Which of these is an example of a natural monopoly? electricity service grocery delivery retail store security driveway concrete
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!