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BartSMP [9]
3 years ago
12

Chahana acquired and placed in service $1,185,000 of equipment on August 1, 2019 for use in her sole proprietorship. The equipme

nt is 5-year recovery property. No other acquisitions are made during the year. Chahana elects to expense the maximum amount under Sec. 179, and bonus depreciation is not applied. Chahana's total deductions for 2019 (including Sec. 179 and depreciation) are:___________.
A) $1,020,000.
B) $237,000.
C) $1.185,000.
D) $1,053,000
Business
1 answer:
algol [13]3 years ago
7 0

Answer:

D) $1,053,000

Explanation:

Calculation to determine what Chahana's total deductions for 2019 (including Sec. 179 and depreciation) are

Sec 179 immediate expensing $1,020,000

MACRS depreciation:

Add Basis for depreciation $33,000

[($1,185,000 - $1,020,000 Sec. 179) × .20]

Total depreciation $1,053,000

($1,020,000+$33,000)

Therefore Chahana's total deductions for 2019 (including Sec. 179 and depreciation) are:$1,053,000

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Adrian Atwood, a senior manager at MNC, spends a lot of his time assigning group members to particular tasks and scheduling thei
Triss [41]

Answer:

According to the Ohio state studies , we can say that the Adrian as leader is high in initiating structure.

Explanation:

Initiating structure can be defined as the particular degree to which a leader would define his or her role and also specify and organize the role of employees too, in order to achieve the organizations goals.

Adrian is also doing the same thing here, as she has given a lot of time in assigning employees their particular tasks and scheduling their work , in such a way that goals are achieved.

3 0
3 years ago
Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 639,000 units, estimated beginni
Margarita [4]

Answer:

dollar value=$114452

Explanation:

We need to calculate the dollar value of material A needed during this year.

First step is to calculate how many units are necessary

Budgeted Sales= 639000 units

Ending inventory=82000 units

Beginning  Inventory= 101000 units

Production of the year= 620000 (639000+82000-101000)

Second step is to calculate how much of material A is required

620000 units*0,50lb/un= 310000lb

Finally, we need to convert lb to pounds/$

1lb=0,71 punds

310000lb*0,71=220100pounds

dollar value=220100*$0,52=114452

3 0
3 years ago
Presented below is information for Marin Company.
hram777 [196]

Answer:

Debit Accounts Receivable for $104,700; and Credit Sales Revenue for $104,700.

Debit Cash for $85,400; and Credit Accounts Receivable for $85,400.

Explanation:

The (summary) journal entries to record the items noted will look as follows:

<u>Particulars                                   Debit ($)             Credit ($)        </u>

Accounts Receivable                  104,700

Sales Revenue                                                         104,700

<u><em>(To record net sales (all on account) for the year.)                        </em></u>

Cash                                             85,400

Accounts Receivable                                               85,400

<u>(Collections on accounts receivable during the year.)                 </u>

3 0
2 years ago
Alex wilson and james lawrence are discussing the high price of crude oil in the global market.​ alex, a sociology professor who
algol [13]

Answer:

Developing countries are using less oil because of substantial investments in renewable energy.

Explanation:

Solution

From the given question, the statement that would weaken James argument is that, countries that are developing are using fewer oil because of substantial investments in renewable energy.

This shows that the demand is actually higher no matter if its in growing or developing  country or a developed country and since his statement says that prices depend upon the demand, it actually supports it whereas the statement B is the only statement which is totally contradicting James statement as it doesn't talk about demand in developed country and also says that developing ones are demanding little of it.

Complete question : Alex Wilson and James Lawrence are discussing the high price of crude oil in the global market. Alex, a sociology professor who follows the financial markets closely, claims that the volume of trade in oil futures has increased indicating that speculators are responsible for the high oil prices. James, who works at an investment bank, thinks that the increase in oil prices is demand-driven. According to him, the higher price of oil reflects growing demand from developing countries.  

Which of the following, if true, would weaken James' argument?

A. A private oil drilling firm has recently discovered vast oil deposits off the coast of a remote island country.

B. Developing countries are using less oil because of substantial investments in renewable energy.

C. Per capital consumption of oil was higher in the developed countries than in the developing countries during the last year.

D. An increase in oil prices tends to accelerate inflation in growing economies.

E. Following a large oil spill, some countries have introduced new regulations for offshore oil drilling.  

4 0
3 years ago
What is the after-tax cost of debt for a firm if it pays at 21% of tax rate, and pays 15% on its debt
FinnZ [79.3K]

Answer:

= 11.85%

Explanation:

After tax cost of debt = (1 - tax rate) x debt

(1 - 0.21) x 15%

0.79 x 15% = 11.85%

5 0
3 years ago
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