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Mrrafil [7]
3 years ago
10

Connie has AGI of $90,000 and owns rental property generating a $27,000 loss. She actively manages the property. Her deductible

loss is
Business
1 answer:
Sedbober [7]3 years ago
8 0

Answer and Explanation:

Her deductible loss is $27,000.

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Planning for the possibility that your home might get struck by lightning and catch on fire is part of a plan for _____.
Eva8 [605]
The answer is letter D.

Planning for the possibility that your home might get struck by lightning or caught  on fire is part of a plan for protecting assets.
5 0
3 years ago
Read 2 more answers
On January 15, Cheyenne Corp. sells merchandise on account to Flounder Associates for $4500 with terms 2/10, n/30. On January 20
Leni [432]

Answer:

The amount of cash received on January 24 is $3332

Explanation:

The amount of cash received will be for the net amount of receivable after adjusting for sales returns and the sales discount as the payment is received within the discount period of 10 days as stated by the term 2/10 which means a 2% discount if payment is received within 10 days of sale.

The accounts receivable at January 15 after sale were $4500. Out of this amount, $1100 of returns are made. Thus, the remaining balance of accounts receivables after return is $4500 - $1100 = $3400

The discount received will be = 3400 * 2% =  $68

Thus, the cash received on January 24 will be 3400 - 68  =  $3332

6 0
4 years ago
The statement of retained earnings or the statement of stockholders' equity reconciles the net income, dividends paid, and the c
sdas [7]

Answer:

1.

Option B is the correct answer.

2.

Dividends Paid = $55 million. Thus, option C is the correct answer.

Explanation:

1.

The statement about shareholders' equity given in option A that it is the difference between the paid-in capital and retained earnings is incorrect as the retained earnings are a part of the equity of shareholders and are included in the calculation of shareholders' equity. Thus, option B is the correct answer.

2.

The Net Income earned by a company is usually treated in two ways. It is either paid out as dividends to the shareholders or is retained in the business and transferred to the retained earnings account or both. Thus, we can calculate the amount of dividends paid by the following equation.

Closing balance of retained earnings = Opening balance of retained earnings  +  Net Income for the period  -  Dividends Paid

700  =  595  +  160  -  Dividends Paid

700 + Dividends Paid =  755

Dividends Paid = 755 - 700

Dividends Paid = $55 million

4 0
3 years ago
A waiting line problem has an average of 250 arrivals per eight hour day. Suppose there are several servers, and each has an ave
Marat540 [252]

Complete Question

A waiting line problem has an average of 250 arrivals per eight hour day. Suppose there are several servers, and each has an average service time of 8 minutes. (Assume Poisson arrivals and exponential service times.)

What is the average service rate of a server per hour?

Answer:

7½ arrivals per hour

Explanation:

Given

Arrivals = 250 arrivals per 8 hour day

Service Time of Servers = 8 minutes

The service time of Servers is given as 8 minutes.

This means that; on average, a server will attend to 1 arrival in every 8 minutes.

Calculating this per hour;

Average service rate of a server per hour = Service Rate * 1 hour per hour

Average service rate of a server per hour = 1 arrival per 8 minutes * 1 hour per hour

(1 hour = 60 minutes);

So, we have.

Average service rate of a server per hour = 1/8minutes * 60minutes/hour

= ⅛ * 60 arrivals/hour

= 60/8 arrivals/hour

= 7½ arrivals per hour

7 0
3 years ago
Explain the common causes of expatriate failure. What are the major success factors for success expatriates? Explain the role an
pentagon [3]

Fail:

1. Individual

2. Family

3. Cultural

4. Organisational

Success:

1. Professional and technical competence

2. Relational Abilities

3. Family Situation

4. Motivation

5. Language Skills

Explanation:

Role of expatriate failure and success expatriates:

Expatriate failure is generally defined as an affix which is either prematurely terminated or viewed by top management as unsuccessful. Most studies have concluded that the rate of failures is high, and depending on the country, they can range from 20 to 50 percent.

And in order to adapt the community to their new surroundings, it is necessary for those who associate with the assigned group and contribute to the progress of their task to resolve the difficulties outlined above.

Expatriate deficiency factors. An expatriate failure research conducted at Cornell University has shown some of the most mentioned reasons: the cultural shock: the adaptability of modern, different cultures is crucial to expatriate success. Professionals with these skills can often fight in a new environment. Innately.

Expatriates are staff of companies, which are involved in long or short-term enterprise ventures of one country in another. We help their companies to operate in other countries, to reach the international markets or to migrate their business associates knowledge and skills.

7 0
3 years ago
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