Answer: $1,900
Explanation:
Theft loss deduction is calculated by adjusting the fair market value of the asset for a theft loss floor limitation of $100 and 10% of the person's AGI.
Theft loss deduction is:
= Fair value -Theft floor limitation - 10% of AGI
= 7,000 - 100 - (10% * 50,000)
= $1,900
Explanation:
it refers to the use of services for software development, where a service is an autonomous, platform agonstic software component that operate within an ecosystem of services
An operating agreement is required for a limited liability company to exist, but it need not be in writing.
A limited liability company's (LLC) operating agreement is a crucial document that outlines the company's financial and operational decisions, as well as its rules, laws, and requirements. The document's goal is to regulate the company's internal operations in a way that meets the unique requirements of the owners, referred to as "members," of the company. The limited liability company's members are legally obligated to abide by the conditions of the instrument once they have signed it. Only three states—California, Missouri, and New York—have laws requiring an operating agreement. The state's default norms, established by state court decisions and found in the applicable statute, apply to LLCs operating without an operating agreement.
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Answer:
$10,000
Explanation:
Net Credit Sales $250,000
Allowance for Doubtful Accounts $250,000*4%=$10,000
Bad Debt Expense will be $10,000
Bad Debt Expense Dr.$10,000
Allowance for Uncollectible Cr.$10,000
EAR = (1 + periodic interest rate)^N - 1
<u>9.25 % Quarterly %</u>
EAR = 
= 0.09575 or 9.58%
<u>16.75 Monthly %
</u>
EAR = 
= 0.1809766 or 18.10%
<u>15.25 Daily %
</u>
EAR = 
= 0.1647053 or 16.47%
<u>11.25 Semiannually %</u>
EAR = 
= 0.115664 or 11.57%
