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3 years ago

2. List 12 things you should consider when buying a used car.

Business

2 answers:

Marina CMI [18]3 years ago

5 0

Find out if the car has been recalled

inspect the color

Check all the glasses

inspect the mirror

inspect the interior

look for leaks

Ensure that the car drives smoothly

Test the suspension

that's all I know

hope you will find this helpful

patriot [66]3 years ago

3 0

1. interior and exterior condition
2. test drive
3. working conditions of accessories
4. clean title
5. how many miles it has
6. worn our tires
7. paperwork
8. condition under the hood
9. frame issues
10. vehicle history
11. rust damage
12. upholstery

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Ellie (a single taxpayer) is the owner of ABC, LLC. The LLC (a sole proprietorship) reports QB) of $ 900,000 and is not a specif

Colt1911 [192]

Answer:

$148,000

Explanation:

Ellie's taxable income before the QBI deduction is greater than the $207,500 threshold, the W–2 Wages/Capital Investment Limit has to be considered.

20% of QBI = $900,000 x 20%

= $180,000

But no more than the greater of:

50% of W-2 wages

= $300,000 x 50%

= $150,000

25% of W-2 wages + 2.5% of the unadjusted basis of qualified property

= ($300,000 * 25%) + ($30,000 * 2.5%)

= $75,750

$75,750

Is not more than:

20% of modified taxable income

= $740000 x 20%

= $148,000

Ellie's QBI deduction for 2019 is $148,000.

7 0

4 years ago

What happens if you fail to pay your annual taxes?

aleksklad [387]

Answer and Explanation:

Simply enough, the IRS comes for you and charges a failure to pay penalty. The penalty is 0.5% of your previous unpaid taxes for every month. So if you wouldn't want to lose more money, I'd suggest you pay your taxes.

7 0

2 years ago

Salvatori, Inc., manufactures and sells two products: Product A4 and Product Q5. Data concerning the expected production of each

zimovet [89]

Answer:

Cost per unit of overhead = $330,891.46/550 = $601.62

Explanation:

Total units produced of A4 = 550

Activity Total cost Activity rate of A4 Total Activity

Labor Related $160,558 3,575 DLH 6,550 DLH

Machine Setup $8,050 550 Setups 1,000 Setups

Order Size $497,027 3,700 MHs 7,700 MHs

Total $665,635

Overhead applied to Product A4

Labor = $\frac{160,558}{6,550} \times 3,575 = 87,632.80$

Machine Setup = $\frac{8,050}{1,000} \times 550 = 4,427.5$

Order Size = $\frac{497,027}{7,700} \times 3,700 = 238,831.16$

Total Cost for 550 units = $87,632.80 + $4,427.5 + $238,831.16 = $330,891.46

Cost per unit of overhead = $330,891.46/550 = $601.62

8 0

4 years ago

Corporation A and Corporation Z go into partnership to develop, produce, and market a new product. The two corporations contribu

sasho [114]

Answer:

You didn´t post the complete information of the exercise, I searched the exercise online and tried to ask the most useful question.

Explanation:

a. Corporation A realized a $4.000 loss, and Corporation Z realized a $68.000 gain on the contribution of business equipment to AZ partnership. Neither corporation recognizes gain or loss.

b. A's basis in it's one-half equity interest in AZ Partnership is $134.000, while Z's basis in it's one-half equity in AZ partnership is $62.000.

c. AZ partnership's basis in the equipment contributed by A is $34.000 and in the equipment contributed by B is $12.000.

6 0

4 years ago

The following data are for Lily Kay Company. Total sales revenue $250,000 Number of units sold 50,000 units Contribution margin

eduard

Answer:

b. 51,429 units

Explanation:

If x = Number of units

Net Income = Sales Revenue - Variable Cost - Fixed Cost

Net Income = Contribution Margin - Fixed Cost

where,

Net Income = $80,000

Contribution Margin per unit = $3.50

Fixed Cost = $100,000

Contribution Margin = Net Income + Fixed Cost

$3.50x = $80,000 + $100,000

$3.50x = $180,000

Dividing the above equation by $3.50 we get

x = $180,000 / $3.50

x = 51,429 units

Hence 51,429 number of units must be sold to generate the net income of $80,000.

3 0

3 years ago