Which is the largest component of Aggregate Expenditures?

How can homeowners lower their income tax?

Svetach [21]

Answer:

homeowner can deduct all interest on 2 homes on first lien up to 1 million mortgage amount accumulated

also deductible is a home eq line of credit/second mortgage on both homes up to 100,000 dollars, can borrow more than 100k if its for medical

Explanation:

HOPE THIS HELPS.

4 0

4 years ago

O'Keith Company purchased a mine on January 1, 2018, for $530,000. The mine is estimated to contain 37,000 tons of iron ore.

kondor19780726 [428]

Answer:

$210,664

Explanation:

The computation of the book value is shown below:

= Purchase cost - sale cost

where,

Purchase cost is $530,000

And, to find the sale cost first we have to determine the cost per ton which is shown below:

Cost per ton = Purchase cost ÷ estimated tons

= $530,000 ÷ 37,000 tons

= $14.32

Now the sale value of 2,500 tons for 2018 would be

= 2,500 tons × $14.32

= $35,800

And, the sale value of 19,800 tons for 2019 would be

= 19,800 tons × $14.32

= $283,536

Now the total sales cost would be

= $35,800 + $283,536

= $319,336

Now put these values to the above formula

So, the value would equal to

= $530,000 - $319,336

= $210,664

4 0

3 years ago

Why is the period from late 20s to early 40s the best time for becoming an entreprnur?

vlada-n [284]

Late 20s to late 40s: This is almost the perfect time for would-be entrepreneurs, for many reasons: At this point in life, they know what they like, and what they don't like. They have obtained business and life skills. They have some assets and credit.

5 0

3 years ago

Read 2 more answers

Question 1

Alex73 [517]

Answer:

Command

Explanation:

In the command economic model, the government determines the level of economic productions in the country. It decides what will be produced, its quantity, and the cost price. A central authority or the government owns all the factors of production.

The command economy is also the planned economy. The government plans and produces all goods and services. The private sector is not present in the command economy.

4 0

3 years ago

Meger Manufacturing uses the direct labor cost method for applying factory overhead to production. The budgeted direct labor cos

kiruha [24]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The budgeted direct labor cost and factory overhead for the previous fiscal year were $1,000,000 and $800,000, respectively.

Job 352A

Direct material= $32,000

Labor costs= $45,000

First, we need to calculate the predetermined manufacturing overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 800,000/1,000,000= $0.8 per direct labor dollar

Now, we can calculate the total cost:

Total cost= direct material + direct labor + allocated MOH

Total cost= 32,000 + 45,000 + (0.8*45,000)= $113,000

6 0

3 years ago