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:
1 answer:
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:
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Answer:
return on assets = 20%
Explanation:
given data
net income = $900
beginning total assets = $4600
ending total assets = $4400
solution
we get here return on assets that is express as
return on assets = × 100 ............1
here average assets will be
average assets =
average assets = $4500
put here value we get
return on assets = × 100
return on assets = 20%