Answer:
The short answer is that your cash reserve should be sufficient for you to feel comfortable running your business. Some experts recommend having three months of expenses. Others recommend six months. I would suggest speaking to your CPA or financial adviser to determine the right number for your business.
Explanation:
Answer:
correct option is a.$0
Explanation:
given data
passive activity losses = $150,000
active business income = $120,000
portfolio income = $30,000
to find out
how much passive activity loss can White Corporation deduct
solution
as per given we know that here white corporation is a Personal Service Corporation
so that it is not deduct the passive loss against the portfolio income
so correct option is a.$0
<span>meowner’s policy, installing smoke detectors helps to avoid risk. create risk. reduce risk. </span>
Answer: $1.3 million
Explanation:
Based on the information given in the question, if this change delayed check clearing by 1 week, then the annual savings that were realized will be:
= Weekly payroll × Cost of short term funds
= $10 million × 13%
= $10 million × 0.13
= $1.3 million
Annual savings realized is $1.3 million.
