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3 years ago

Which item(s) are tax deductible for consumers who are buying or renting a home?

Business

2 answers:

castortr0y [4]3 years ago

6 0

A deductible expense is one you can subtract from your taxable gross income.

For consumers who are buying or renting a home deductible tax is the interest and property tax portions of your mortgage payment, medical bills, etc. After you purchase a home, you are allowed to deduct all of your interest payments on any mortgage up to $750 million.

Mumz [18]3 years ago

5 0

<span>You can deduct the interest and property tax portions of your mortgage payment, medical bills, etc.

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Consider the following information for Maynor Company, which uses a periodic inventory system: Transaction Units Unit Cost Total

Stells [14]

Answer:

FIFO LIFO WEIGHTED AVERAGE

Ending inventory 4494 3878 4193

Cost of Goods Sold 6875 7491 7176

Explanation:

STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC FIFO

RECIEPTS COST OF GOODS SOLD BALANCE

DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $

balance 21 71 1491 21 71 1491

Purchasse

28-Mar 31 77 2387 31 77 2387

22-Aug 42 81 3402 37 81 2997 5 81 405

14-Oct 47 87 4089 47 87 4089

TOTAL 141 11369 89 6875 52 4494

STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC LIFO

RECIEPTS COST OF GOODS SOLD BALANCE

DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $

balance 21 71 1491 21 71 1491

Purchasse

28-Mar 31 77 2387 31 77 2387

22-Aug 42 81 3402 42 81 3402

14-Oct 47 87 4089 47 87 4089

TOTAL 141 11369 89 7491 52 3878

STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC WEIGHTED AVERAGE

RECIEPTS COST OF GOODS SOLD BALANCE

DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $

balance 21 71 1491

Purchasse

28-Mar 31 77 2387

22-Aug 42 81 3402

14-Oct 47 87 4089

TOTAL 141 80.63 11369 89 80.63 7176 52 80.63 4193

5 0

2 years ago

Combines technology with manual employee effort to identify trends, perform comparisons and highlight opportunities in supply ch

Phoenix [80]

Answer:

Supply chain analytics

Explanation:

Supply chain analytics combines technology with manual employee effort to identify trends, perform comparisons and highlight opportunities in supply chain processes, even when large amounts of data are involved.

When supply chain analytics is used to analyze customers by gathering information from them, it would help an organization to better predict future customer demands, needs or want.

Generally, if properly harnessed it also helps business entities to decide what products should be minimized when they are becoming less beneficial, profitable to the business. Additionally, supply chain analytics assist firms to understand what a particular customer's needs could be after their initial order of a product or service. Visual representation tools such as graphs or charts are used in the supply chain analytics.

6 0

3 years ago

What is the chief disadvantage of the sole proprietorship as a form of business organization when compared to the corporate for

Yuri [45]

Answer:

The correct answer is unlimited liability for personal assets.

Explanation:

Both terms can be described as follows:

Sole Proprietorship: This type of business has only one owner of the firm and he is totally responsible for any liability or loss. Liability can be recovered by acquiring the personal assets of the owner.

Corporation: This type of business can have a number of shareholders and each shareholder has limited liability for any loss in the company. in the case of any loss, the money he invested in the company can be acquired and there is no threat to his personal assets.

Hence, the chief disadvantage of a sole proprietorship is unlimited liability for personal assets.

4 0

3 years ago

Groups are select one:

sergij07 [2.7K]

This is a logical question m8 the answers A

5 0

3 years ago

Horseshoe Stables is losing significant market share and thus its managers have decided to decrease the firm's annual dividend.

Naya [18.7K]

Answer:

$3.90

Explanation:

using the discount model we can calculate the stock price:

stock price = [dividend x (1 - g)] / (RRR + g) ⇒ since the growth rate is negative, we need to change additions for subtractions and vice versa.

stock price = [$0.86 x (1 - 3.5%)] / (17.8% + 3.5%) = ($0.86 x 0.965) / 0.213 = $0.8299 / 0.213 = $3.90

4 0

3 years ago