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3 years ago

I need an ESSAY about DEDUCTIONS 5 sentence

Business

1 answer:

aleksandr82 [10.1K]3 years ago

5 0

Answer: see explenation

Explanation:

A process of reasoning that moves from the general to the specific, in which a conclusion follows necessarily from the premises presented so that the conclusion can't be false if the assumptions are true. The most common expenses that qualify for itemized deductions include: Home mortgage interest. Property, state, and local income taxes. Investment interest expense.

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For the year, Uptowne Furniture had sales of $818,790, costs of $748,330, and interest paid of $24,450. The depreciation expense

slava [35]

Answer:

Dividend paid in current year = $6,898

Explanation:

Calculating net profit

Sales = $818,790

Less: Costs = $748,330

Less: Interest = $24,450

Less: Depreciation = $56,100

Earning before taxes = Loss (10,090)

Tax benefits = $10,090 $\times$ 34% = $3,431

Net losses = $10,090 - $3,431 = $6,659

Opening retained earnings = $172,270 Less: Losses for the year = $6,659

Balance = $165,611

Less: Closing balance = $158,713 = $6,898

Thus<u> amount of dividend paid in current year = $6,898</u>

Change in value of common stock will not be considered.

5 0

3 years ago

Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 3,500 units ar

Ugo [173]

Answer:

The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be $44850.

Explanation:

For computing the cash disbursement the following equation is to be used which is shown below:

= Sales units × variable selling and administrative expense per unit + Fixed selling and administrative expense - Depreciation

= 3,500 × $4 + $35,850 - $5,000

= $14,000 + $35,850 - $5,000

= $44,850

Since all information is given on month basis, so we don't need to change in year basis as we have to calculate for march monthly only.

Hence, all things is to be considered for computing cash disbursement for march month.

Thus, The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be $44850.

6 0

3 years ago

Before buying a house, Dean and Donna Testa hired Ground Systems, Inc. (GSI), to inspect and describe the sewage and water dispo

Alexus [3.1K]

I would say that GSI would be liable for the cost of the new sewage and water disposal system since they incorrectly reported it as in good working order or at least they should be liable for the leach field, the distribution box and the cost of making the tank watertight.

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4 years ago

Consider the following data, which shows the quantities and prices of two goods produced in the economy, to answer the following

maw [93]

Answer:

$250 million

Explanation:

Given that,

Cell phones:

Quantity produced = 5 million

Price per cell phone = $100

Pizza:

Quantity produced = 25 million

Price per pizza = $10

The market value of pizza is determined by the product of quantity produced and price of each pizza.

Market value of pizza:

= Quantity produced × Price per pizza

= 25 million × $10

= $250 million

8 0

3 years ago

Characteristics of natural resources

mamaluj [8]

Explanation:

the characteristics are as follows:-

1. Natural resources are useful, profitable and beneficial .

2. Natural resources have limited availability.

3. They are potential for depletion or consumption.

4. Natural resources are non-renewable sources in nature.

6 0

3 years ago