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3 years ago

Why did the safavid empire decline so quickly ?

1 answer:

3 0

At one point, the empire stretched from the Caucasus to Afghanistan and the Safavids were one of the "gunpowder" empires, along with the Mughals and Ottomans. "The Safavids were significant because they declared Shia as the state religion, which endures to this day.

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During the current year, Walter invests $35,000 in each of two separate corporations. Each investment gives him a 20% ownership

Bond [772]

Answer:

B) Only statement II is correct.

II. Has $20,000 of taxable income from Corporation Z.

Explanation:

One of the disadvantages of a C Corporation is that their owners (stockholders) are double taxed. That means that the corporation is taxed and then the stockholders are taxed depending on the dividends that they receive. In this case, Walter has $10,000 of taxable income from Corporation X (= $50,000 x 20%).

On the other hand, sole proprietorships, partnerships, limited liability companies and S Corporations are not taxed, they are pass through entities whose owners are taxed directly. In this case, Walter owns 20% of Corporation Z, therefore he must pay taxes on 20% of taxable income = $100,000 x 20% = $20,000.

8 0

3 years ago

At the beginning of 20x1, Sun Angel Corporation began offering a two-year warranty on its products. The warranty program was exp

Anettt [7]

Answer:

The correct answer is 1,900,000 dollars.

Explanation:

This question requires us to calculate the amount that the Sun angel will recognize as warrantly liability in it balance sheet for the year ended at 20x1.

The sales made during the year is 180 millions dollars. So the company will recognize the provision as follow (during the year)

(180M * 4%= 7.2M)

Debit Warrantly Expense $7.2M

Credit Liability $7.2M

Claim entertain during the year that has reduce the above recognize liabilty is

Debit Liabilty $5.3M

Credit Cash $5.3M

Liability to be reported = $7.2M - $5.3M = 1,900,000 dollars

6 0

3 years ago

If the demand for insulin is inelastic, an increase in insulin prices leads to

exis [7]

Extent to which the demand<span> for a good changes when income changes.</span>

6 0

3 years ago

Alexa owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her condo:

Butoxors [25]

Answer:

Part(A):

Total expenses in connection with condo:

= 2000 + 6500 + 2000 + 1400 + 2500 + 14500

= $28,900

Assuming Alexa receives $20,000 inn gross rental receipts, she will incur losses = 20000 -28,900 = (8,900)

As Alexa's AGI from all sources other than the rental property($200,000) is higher than $150,000, she will not be able to deduct any amount of loss against her active income.

Therefore the loss is not deductible and rental activity has no effect on her AGI.

Part(B):

Assuming that Alexa’s AGI from other sources is $90,000.

Since her AGI is less $100,000, she will be able to deduct loss of $8,900

Therefore, rental activity loss will reduce Alexa's AGI to = 90,000 - 8.900 = 81,100

The rental activity loss will reduce her AGI by $8,900 and her AGI would be 81,100.

5 0

3 years ago

Select the best answer for the question.

BlackZzzverrR [31]

Answer:

hope it helps you ;)

Explanation:

Retail businesses can include grocery, drug, department and convenient stores. Service related businesses such as beauty salons and rental places are also considered retail businesses.

4 0

3 years ago