Answer:
the maximum amount is $3,150
Explanation:
The computation of the maximum amount that could be used as an interest expenses while calculating the item deductions for the present year is shown below:
Here we considered only the home mortgage interest i.e. qualified i.e. $3,500
The other things would not be considered like interest on automobile loan, interest on bank loan etc as it is not allowed
Therefore the maximum amount is $3,150
Answer:
d) operating costs that are shown on the income statement in the period in which they are incurred.
Explanation:
A period cost is that which does not relate to a particular product but rather to a passage of time.
Period costs are often costs that a firm would incurred simply because it is operational and not because goods are sold. For example, whether or not a bakery produces bread, it will have to pay for rent , salaries of administrative workers, provide for depreciation of plant and machines e.t.c.
Period costs are charged are charged to the income statement as expense in the period in which they are incurred. A very popular example of period costs are selling and administrative overheads
Answer:
The answer is,
Asset
Most Liquid : $5 bill
Second-Most Liquid : The funds in a savings account
Third-Most Liquid : A bond issued by a publicly traded company
Least Liquid : Your house
The liquidity simply measures the ability to turn in to cash in a relatively short period of time. Cash at hand is the most liquid while property and other movable and immovable assets tends to be a bit difficult to be turned into cash quickly.
Explanation:
Answer:
Option D amount received by sellers minus the cost to sellers.
Explanation:
The producer surplus is the difference between the amount that the seller actually received and the amount the seller wants to receive.
Producer Surplus = Amount actually received by the seller - Amount the supplier wants to receive
All the remaining options discusses buyer influence which shows that these are totally incorrect and the only option that is correct is option D.
