Answer:$100
Explanation:
Accounting profit is total earnings less total cost.
Accounting profit = Total revenue - Total cost
$150 - $50 = $100
Economic profit = Accounting profit - Opportunity cost
$100 - ($20 ×5) = 0
If my client Beth has a home in California with a first and second mortgage and is looking for a vacation home and asks if she can deduct mortgage interest, I would suggest obtaining a mortgage secured by the second home and deducting the interest from the loan.
Mortgage interest settled on a second home used personally is deductible as long as the mortgage fulfills the exact prerequisites for deductible interest as on your primary home, and if the second home is put on for rent, the loan taken for the second home will not have a limit for the deduction of interest payment.
Vacation Home with Second house mortgage
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If Jacque owns a medium sized business in the United States,
it is likely that there is approximately thirty percent of chance that her
company will have a chance of being an exporter because of the reason that
one-third of the companies in the United States has the capability of exporting
goods or services to other countries.
Answer:
there are not enough subpoints for each main point
