Mexican american farm workers in california organized ________ to demand higher pay from their employers

Stephen and Joy own a duplex in Newport Beach, CA. They live in one unit and rent the other to another couple. Their rental inco

sertanlavr [38]

Answer:

$16,700

Explanation:

The computation of net income is shown below:-

Total expense = Insurance + Maintenance + Utilities + Depreciation

= $8,000 + $800 + $1,800 + $4,000

= $14,600

Expense of rented unit = Total expense ÷ Units

= $14,600 ÷ 2

= $7,300

Here, we assume 2 units

Net income for reporting = Rental income - Expense of rented unit

= $24,000 - $7,300

= $16,700

7 0

3 years ago

Kim received a one-third profits and capital interest in Bright Line, LLC, in exchange for legal services she provided. In addit

timurjin [86]

Answer:

f. None of the choices will be reported as ordinary business income (loss) on Schedule K-1.

Explanation:

Note: Guaranteed payments have no effect on Kim's outside basis.

Bright Line LLC will be reporting on page 1 of Form 1065, an ordinary loss of $15,000 ($150000 - $90000 - $45000 - $30000)

1/3rd of $15,000 = $5,000. That is, $5,000 loss must be allocated to Kim on Schedule K-1. So, option f is the correct answer.

8 0

3 years ago

Suppose that you start working for a company at age 25. You are offered two rather unlikely, but quite enticing, retirement plan

Harlamova29_29 [7]

Answer:

Total amount= $600,000

Explanation:

Giving the following information:

Suppose that you start working for a company at age 25.

Option 1:

$20,000 for each year of work.

Number of years of service= 55 - 25= 30 years

Now, the total retirement plan:

Total amount= 30*20,000= $600,000

8 0

3 years ago

makes handheld calculators in two models: basic and professional. Aragon estimated $ 819 comma 500 of manufacturing overhead an

irina [24]

Answer:

Overhead absorption rate = $1.1 per machine hour

Allocated overhead:

Basic model = $286,000

Professional model = $533,500

Explanation:

Under absorption costing product are cost using the full cost which is the variable cost plus the fixed production overhead.

Overheads are charged to the units produced by using a predetermined rate called Overhead absorption rate.

Overhead absorption rate (OAR) = Budgeted Overhead for the period / Budgeted machine hours

OAR = $819,500/745,000 machine hours

OAR = $1.1 per machine hour

Allocate overhead to products

Allocated overhead = OAR× actual machine hours used for production

Basic model = $1.1 ×260,000 = $286,000

Professional model = $1.1 × 485,000 = $533,500

6 0

3 years ago

What are high-risk loans?

Elan Coil [88]

I think D

Step by step explanation

7 0

3 years ago