Answer:
A trust
Explanation:
A trust is a kind of business that acts as a fiduciary or a trustee of property on behalf of another party.
Typical functions of a trust includes administration and management of the business.
The assets are eventually meant to be transferred to another person.
In the given scenario Hannah is running a hospitality business which she recieve backing from investors.
The investors have entrusted Hannah with the running of the business. So this is a trust
Answer: $25,000
Explanation:
Given Data:
Gross income from coal = $250,000
Income from trucking coal = $20,000
Royalty paid to Donny = $30,000
Taxable income on call excluding depletion = $40,000
Coal depletion rate = 10%
Lease agreement = $4/ton
Therefore:
brian's percentage depletion deduction for the current year is
= gross income x coal depletion rate
= $250,000 x 0.1
=$25,000
Answer:
D) Todd should include the $500 in 2020 gross income in accordance with the tax benefit rule.
Explanation:
Since Todd is a cash basis taxpayer, he included the $1,500 insurance premium in his 2019 tax return. Cash basis taxpayer report revenues or expenses when the cash is received or paid, not when the service is provided.
Since he received a $500 refund in 2020, he should include it in his 2020 tax return. As a cash basis taxpayer, any money received is considered income.
Answer:
b.advertising
Explanation:
Market segment is a strategy that a organisation decides which market to appease.
Market Segments can be drawn from sales territories , groups of customers. and products but not advertising
Answer:
0.6
Explanation:
Data provided :
Mean = 100
Standard deviation = 20
Salvage value of the tree = $ 0
Actual cost of the tree = $ 20
Selling cost of the trees = $ 50
Now, the cost of shortage = Selling cost - actual cost = $ 50 - $ 20 = $ 30
and the outrage cost = actual cost = $ 20
Now,
the service level is calculated as:
service level = 
on substituting the value, we get
service level = 
or
Service level = 0.6
