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Iteru [2.4K]
3 years ago
11

Bonita earns $31,000 from her job, and she has $1,000 of interest income. She has itemized deductions of $35,000. There are no c

asualty or theft losses in the itemized deductions. What is Bonita’s net operating loss for the current year?
Business
1 answer:
andrezito [222]3 years ago
4 0

Answer:

$0

Explanation:

Bonita is a person, not a company, therefore she cannot record operating losses. This is a not a common situation since you generally don't have more deductions than gross income, but it is a possible situation. For example, if Bonita had a lot of medical expenses during the last year and they accumulated to actually more than her salary. She may have paid them using her savings, selling some assets or by obtaining a loan.

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Loop 1604 Inc. has prepared a static budget at the beginning of the month. At the end of the month the following information is
Charra [1.4K]

Answer:

Flexible budget variance for Sales Revenue = $3,960 Favorable

Explanation:

Provided budget is static budget, firstly for calculating flexible budget variance for Sales Revenue.

For this flexible budget is made of same level of quantity as of actual level.

therefore Flexible budget sales = 990 units @ $70 per unit price will be same as of static budget.

Therefore Variance = Standard Flexible Budgeted Sales - Actual Sales

Standard Flexible Budgeted Sales = 990 \times $70 = $69,300

Actual Sales Revenue = 990 \times $74 = $73,260

Since actual revenue is more than budgeted sales this is favorable.

Flexible Budget Variance for Sales Revenue = $69,300 - $73,260 = $3,960

Since actual revenue is more than budgeted revenue therefore this is a favorable variance.

Flexible budget variance for Sales Revenue = $3,960 Favorable

3 0
3 years ago
A communication plan is a key component for giving guidelines on how to track project:________a. Issues.b. Costs.c. Defects.d. B
AfilCa [17]

Answer: a. Issues

Explanation:

A Communication plan for a project allows for easier information flow between the stakeholders in the project including the client, the company and the workers.

By setting standards on how and what should be communicated the plan will let the stakeholders know how to communicate any issues affecting the project. The plan will also let the stakeholders know how to track issues that will be reported.

3 0
3 years ago
You want to make sure your account reflects the spending you’ve actually done, so you pull receipts out of your clothes pockets
erica [24]

Based on the information given, the items that can be reflected in the account activity but that the person cannot account for include bank charges and transactions involving the use of ATMs.

From the complete information, it should be noted that there are bank charges that are charged by the banks.  In this case, the account may not reflect the spending that has actually been done.

Also, there are taxes that are charged on the goods that the person bought. Therefore, this will be reflected on the account activity and will give rise to a higher value than the amount that the person actually spends.

Read related link on:

brainly.com/question/25675366

3 0
2 years ago
​________ is the extent to which a selection tool produces consistent results over time.
shusha [124]
This answer would be reliability.
6 0
3 years ago
Per OSHA guidelines, the five major components of an effective safety and health program are: management commitment & hazard
Rainbow [258]

Answer:

Worksite Analysis

Explanation:

Based on the information provided within the question it can be said that the final major component of the OSHA guidelines are Worksite Analysis. This component refers to the various actions that provide all the information needed to help an individual recognize and understand all the dangers and potential hazards of the workplace environment.

4 0
3 years ago
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