Answer: $5510
Explanation:
For organizations cost up to $50,000, there'll be a deduction of $5000. The remaining non deductible expense will then be spread out for 180 months. Here, the non deductible cost will be:
= ($13200 + $7100) - $5000
= $20300 - $5000
= $15300
The capitalized cost will then be:
= $15300 / 180
= $85 per month.
Since there's an ammortization of 6 months from July, then the capitalized cost will be:
= $85 × 6
= $510
Therefore, the amount that should be deducted on its first tax return will be:
= $5000 + $510
= $5510
Answer:
The journal entry to record the purchase on August 7 is:
Debit Merchandise $9,750
Credit Accounts Payable $9,750
Explanation:
The terms of 1/10, n/30 means 1% discount for the payment within 10 days and the full amount to be paid within 30 days.
The company purchased $9,750 of merchandise on August 7, returned $1,500 worth of merchandise on August 11, paid the full amount due on August 16 and received the discount. Juniper Company uses the gross method of accounting for purchases. Following accrual accounting method, the journal entry to record the purchase on August 7 is:
Debit Merchandise $9,750
Credit Accounts Payable $9,750
Answer:
It occur where MR = MC
Explanation:
Perfectly competitive organization or firm is the one who is price taker, which states that they must accept the price at which it sells the goods to consumer.
In a firm that is a perfectly competitive, the level of output as well as the price happen where the Marginal Cost is equal to the Marginal Revenue.
It is stated as MR = MC.
When it is costly or impossible to exclude someone who hasn't paid to use a particular good from using it is called Non-excludable goods
Nonexcludable means that it's miles highly-priced or impossible for one person to exclude others from using a terrific. Nonrivalrous manner that after one person uses an excellent, it does now not prevent others from the use of it.
An externality is a fee or benefit imposed onto a 3rd party, which isn't factored into the very last price. There are main styles of externalities tremendous intake externalities, fine manufacturing externalities, negative consumption externalities, or bad production externalities
Personal goods are those whose possession is limited to the group or character that bought the best for his or her personal intake. A private top is not shared with anyone else, but may be sold at the side of shifting rights to apply or consume it.
Club goods are excludable however non-rival. Cable tv is an example of a membership proper because it can be consumed or possessed by a couple of users on the equal time however it's far excludable.
Learn more about Non-excludable goods here:-brainly.com/question/25498461
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