Answer:
Schedule E- Allocation of Rental and Personal Expenses.
Explanation:
Hello so I am gonna assume your talking about what I said above if you use your dwelling unit for both rental and personal purposes, divide your expensive between the rental use and the personal use based on the number of days used for each purpose.
Hope this helps :)
Answer:
$21,000
Explanation:
initial investment $25,000
we need to determine the expected value of every possibility:
- $15,000 loss ⇒ 20% x $10,000 = $2,000
- $29,000 loss ⇒ 15% x $5,000 = $750
- $40,000 gain ⇒ 5% x $65,000 = $3,250
- break even ⇒ 60% x $25,000 = $15,000
total expected value = $21,000
Answer:
The adjusting entries are given below
Explanation:
Adjusting Entries
Dec 31 (Accrued Interest) Debit Credit
Interest expense $410
Interest payable $410
Dec 31 (Service Revenue) Debit Credit
Account receivable $1,790
Service revenue $1,790
Dec 31 (Salary expense) Debit Credit
Salary expense $750
Salary payable $750
Pure competition simply means a market that's has a wide range of competitors who are selling the same products.
Your information is incomplete. Therefore, an overview of pure competition will be given. In pure competition, all the companies sell identical products.
In pure competition, the market share does not influence the price. Also, companies can enter or exit the industry whenever they like as there's no barrier. The buyers have perfect information as well.
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