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nydimaria [60]
3 years ago
12

Jolly Giant Burgers purchased a commercial dishwasher by paying cash of $8,000. The dishwasher's fair value on the date of the p

urchase was $10,000. The company incurred $600 in transportation costs, $500 installation fees, and paid $300 annual insurance on the equipment. For what amount will Jolly Giant Burgers record the dishwasher?
Business
1 answer:
gulaghasi [49]3 years ago
5 0

Answer:

$9,100

Explanation:

Calculation for what amount will Bahama record the dishwasher

Using this formula

Amount to record

dishwasher=Cash+Transportation costs+Installation fees

Let plug in the formula

Amount to record dishwasher=$8,000 + $600 + $500

Amount to record dishwasher = $9,100

Therefore the Amount to record dishwasher will be $9,100

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Projects A and B are mutually exclusive and have an initial cost of $78,000 each. Project A has annual cash flows for Years 1 to
Sholpan [36]

Answer:

16.99%

Explanation:

Calculation for the crossover rate

We are going to to calculate the crossover rate using cash flow function on a financial calculator by following the step below:

CF0= 0

Step 1

C01=Project A year 1 -Project B year 1

C01=$28,300-$36,900

C01= -$8,600

Step 2

C02=Project A year 2 -Project B year 2

C02=$31,500-$40,500

C02= -$9,000

Third step

C03=Project A year 3

C03=$22,300

Last step

Press CPT key in order for IRR(INTERNAL RATE OF RETURN) to be display

Hence:

Crossover rate=16.99%

Therefore the Crossover rate will be 16.99%

4 0
3 years ago
Describe the advantages that llc and S corporation‘s passed through entitles have relative to c-corporations
Anit [1.1K]

Answer:

Single-layer taxation

Explanation:

Limited liability companies and S corporations are able to pass through their income as the owner's income. "LLC and S corporations" are entities, unlike the C corporation.

Pass-through entities have a taxation advantage over non- pass-through entities. In tax computation, a pass-through entity passes its income or losses as those of its owners; hence the entity will not be subject to income tax. The business profits are treated as income to the owners, who will pay individual tax income. LLC and S corporation have only one layer of taxation.

A  C corporation is subject to taxation as an independent entity. The directors have to file corporate tax returns on behalf of the business based on the company profits. The business profits are distributed to the shareholder as dividends. The shareholders have to pay tax on the dividend received as part of their income tax. The shareholders are double-taxed, as the business owners- corporate tax and as individuals - income tax. Double layer taxation.

4 0
3 years ago
Anwer owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $8,000 fr
Evgesh-ka [11]

Solution:

(1) Maximum possible $25,000 deduction before phase-out

(2) Maximum deduction phase-out is $22,500

    [($145,000 AGI - 100,000) × 0.5]

(3) Current year overall loss $2,500 (1) - (2)

(4) Rental loss in current year $8,000

(5) Current year leasing deficit of 2,500 dollars, Lesser of (3) or (4)

Passive loss carry forward $5,500 (4) - (5)

8 0
4 years ago
Molly wants to start a new business in collaboration with her husband and sister-in-law. the features she is looking for in the
Damm [24]

The type of business ownership is best suited to her needs limited partnership. Thus option (C) is correct.

<h3>What is Partnership Business?</h3>

A partnership business consists of two or more individuals who pool their resources to create a company and agree to split the risks, rewards, and losses.

Law firms, medical groups, real estate investment firms, and accountancy groups are examples of common partnership businesses.

According to the above, scenario, Molly with her husband and the sister-in- law as partners wanted to start a business. She wants faster decision making, least regulation and ease in doing business.

All the requirement of her matches with the limited partnership type of the business where the liability of all the partners are limited to their amount of investment.

Thus option (C) is correct.

Learn more about partnership here:

brainly.com/question/12983082

#SPJ1

7 0
2 years ago
PLZZZ HELLLPP
Natalija [7]

Answer:

Nursing

Explanation:

I took the test and got it right

4 0
3 years ago
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