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shtirl [24]
4 years ago
9

Iris, a calendar year cash basis taxpayer, owns and operates several TV rental outlets in Florida and wants to expand to other s

tates. During 2019, she spends $14,000 to investigate TV rental stores in South Carolina and $9,000 to investigate TV rental stores in Georgia. She acquires the South Carolina operations but not the outlets in Georgia. As to these expenses, Iris should:
Select one:a. None of the above.b. Expense $9,000 for 2018 and capitalize $14,000.c. Expense $23,000 for 2018.d. Capitalize $14,000 and not deduct $9,000.e. Capitalize $23,000.
Business
1 answer:
nasty-shy [4]4 years ago
6 0

Answer:

C) Expense $23,000 for 2018.

Explanation:

Iris owns and operates TV rental outlets, so all the expenses she makes while investigating possible purchases of related businesses (other TV rental outlets) can be deducted from her income. This deductions can be made regardless of whether Iris ended up purchasing the new stores or not.  

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Modesto broker Killian Johnson has just received a money deposit and the related instructions from the buyer, Luis Alverez. Whic
Angelina_Jolie [31]

Answer:

B) Deposit into Killian’s account, then figure out his commission, deduct that number to arrive at the final amount (due to the principal) and then write a check to the principal for the monies due to him, within 3 business days.

Explanation:

Killian can deposit the money in the principal's account, in an escrow account or even deposit it in the broker's trust fund, whatever suits his mind or has been previously agreed with the seller, but he cannot keep the money for himself. Killian can only collect his commission once the sale has been completed.

There is no such thing as commissions in advance, since there is always the possibility that the deal is not completed, e.g. the house might burn down, the banking system may completely collapse, the buyer or seller might die, etc. Even though the possibility of extreme events occurring may be very low, it still exists.

5 0
3 years ago
In the context of key economic considerations when entering a foreign market, the transportation infrastructure in a country mos
shepuryov [24]

Answer:

The correct answer is letter "D": roads.

Explanation:

Depending on the industry of a company conducting operations in a foreign market, such as mining, the firm is likely to need to construct <em>roads </em>to create communication means between the area where the company is to operate and where the products manufactured are going to be traded.  

<em>Foreign investment involves large amounts of money that is why some companies prefer other methods to have a presence in other countries such as franchising or licensing.</em>

6 0
3 years ago
You buy a share of The Ludwig Corporation stock for $21.70. You expect it to pay dividends of $1.00, $1.16, and $1.3456 in Years
Vesnalui [34]

Answer:

g = 16%

dividends yield:

Year 1 4.60%

Year 3: 4.78%

<u>expected rate of return: </u>

year 1 20.6%

year 3 20.78%

<u></u>

Explanation:

<u>grow rate:</u>

D1 /D0 = g

1.16/1.00 - 1 = 0.16

1.3456/1.16 - 1 = 0.16

the grow rate is 16%

<u>dividend yield:</u>

dividends/stock price =  dividend yield

1/21.7 = 0,0460 = 4.60%

1.3456/28.15 = 0,04780 = 4.78%

<u>expected rate of return: </u>

dividend yield + grow rate

4.60% + 16% = 20.6%

4.78% + 16% = 20.78%

8 0
3 years ago
if I left from Florida tonight at 10pm and my flight will land in California at 3am. how long would the flight be?
baherus [9]
The flight would take 8 hours.
6 0
3 years ago
beverly would like to take action to improve interprofessopmal communication among staff members. To be a successful agent of ch
zhannawk [14.2K]

The action that Beverly has to take first to be able to promote interprofessional communication would be Collection information about the situation.

<h3>What is interprofessional communication?</h3>

This is a term that has to do with the communication that takes place between the people that have similar occupation or profession.

It is when people in health are able to communicate within themselves, their patients and families in a more responsible way.

Read more on interprofessional communication here:

brainly.com/question/25709454

#SPJ1

3 0
2 years ago
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