<span>Mark is using what is called a lag strategy. A lag strategy can be used when there is an intended change in payment in a foreign transaction. This usually occurs when there is an expected change occurring in exchange rates. The lag occurs when the transaction is delayed, which is what Mark is attempting to do here.</span>
Answer:
$890
Explanation:
With respective to tax perspective, the following items are not available for deductions which are shown below:
1. Union dues and work uniforms
2. Home office expenses
3. Unreimbursed employee expenses
The gambling losses are extent to the gambling winnings i.e $890 is available for the itemized deductions. The 2% rate is not applicable.
Economics in many cases is an exact science, but usually it is a practical one that has applications. Thus there are some practical goals that need to be answered with the use of economics and an easy to summarize form of them are the five fundamental questions of economics. 3 of the choices above are such fundamental questions; determining the way of production, the receiver of the production as well as the ways in which the economic system can change are of fundamental importance to the science of economics. The other 2 questions are: What products will be produced ? and How can we foster progress?
Choice d is a pretty important question too (that falls somewhat under a) but the fact that it mentions the government specifically makes it less general than the other propositions so it is not a fundamental question.
Answer:
The answer is letter A.
Explanation:
No, because the relevant cost of the new machine is $10,000 more than the cost of the old machine.
Answer: $597,700
Explanation:
To find the Consolidated Net Income, one must sum up all the Separate Operating Incomes and then account for Amortization expense by deducting it.
In this scenario it will look like this,
= Operating Income of Boulder Inc + Operating Income of Rock Corporation + Operating Income of Stone Company - Amortization expense (Boulder's investment in Rock Corporation) - Amortization Expense (Rock's investment in Stone Company)
= 336,500 + 116,500 + 180,000 - 24,300 - 11,000
= $597,700
The Consolidated Net Income for the year 2018 was $597,700.
