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kotykmax [81]
3 years ago
12

In December of Year 4, John (a cash-basis taxpayer) received a $2,000 payment from Tom who signed a year's lease to rent John's

house. The $2,000 payment consisted of the following:
1st Month's Rent (for the month of December, Year 4) $800Last Month's Rent (for the month of December, Year 5) 800Security Deposit (to be returned at end of lease) 400

How much should John include as rental income on his Year 4 tax return as a result of the $2,000 payment?
Business
1 answer:
larisa86 [58]3 years ago
6 0

Answer:

John should include $1,600 as rental income on his Year 4 tax return as a result of the $2,000 payment.

Explanation:

As a cash-basis taxpayer, John's taxable income is based on the actual cash receipts and payments made in the accounting period.  The refundable part of the rent should not be included as rental income since it is a security deposit that would be returned at the end of the lease period.  If John were an accrual-basis taxpayer, the rental income to be included would have been only $800 representing income for Year 4.

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The human resource department at Paula's Powerwheels is implementing a number of functional level strategies. These strategies i
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Answer:

The correct answer is Cost leadership.

Explanation:

Cost leadership are those strategies with which products similar to those of other companies are offered at a lower cost, that is, a certain company is considered to be the lowest cost producer in its industrial sector in order to achieve a differentiation.

At lower prices than its rivals, the leader's position translates into higher returns, however, standard products should not be sold ignoring the basis of product differentiation itself, since, if the customer does not perceive the product as comparable, The company must set very low prices in relation to the competition to achieve sales.

The sources to obtain this type of advantages are varied and depend on the structure of the industrial sector itself, including economies of scale, the use of proprietary technology, preferential access to the raw material, among others.

The cost leadership strategy aims to make a company the leader, rather than several companies struggling to reach that position, as this implies tough rivalry and competition that can have unfavorable consequences for all.

8 0
4 years ago
Roger, an affluent college graduate, buys gadgets on the day of their launch in the market. He reads expert reviews on the Inter
Masja [62]

Answer: Innovators

Explanation:  

 According to the given question, the Roger is belong to the innovators category on the basis of the given diffusion of innovation context as innovators are one of the divergent thinker.

 The innovators are not influenced by the other opinions about the market products as they search themselves about the specification and the features of the specific products on internet.

The innovators is known as the risk taking users in the market as they first experience the product by buying it and the give any review.

 Therefore, Innovators is the correct answer.  

5 0
4 years ago
Getting money to start and run a business is referred to as obtaining
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Answer:

C bc process of elimination

Explanation:

4 0
3 years ago
An insured's CGL has a Products and Completed Operations Aggregate Limit of $100,000 with a $20,000 limit per occurrence. Follow
Alexeev081 [22]

Answer:

lol i knew it then had to do something and forgot

Explanation:

7 0
4 years ago
Which inventory costing method assumes that items in ending inventory are the most recently acquired?
dexar [7]

The Last-In, First-Out (LIFO) inventory costing method assumes that items in ending inventory are the most recently acquired.

<h3>What is LIFO and FIFO methods of inventory?</h3>

LIFO refers to the Last In, First Out. LIFO is a method that assumes that the last unit that has been added in the inventory or more recently, will be sold first.

FIFO stands for First In, First Out. FIFO method assumes that the oldest unit of inventory that has been added first, would be sold first.

Basically, FIFO and LIFO accounting are the inventory costing methods used in managing inventory.

Learn more about LIFO and FIFO here:-

brainly.com/question/17236535

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4 0
2 years ago
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