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3 years ago

Select the correct answer.

Business

1 answer:

Novosadov [1.4K]3 years ago

3 0

Answer:

B. False

Explanation:

Delegating is using one's authority to assign some responsibilities to team members. Usually, delegations stem from a senior officer to a junior officer but can also be between co-workers. It is authorizing and empowering someone else to execute some of your responsibilities on your behalf.

In delegation, the delegating authority must provide clear guidance on how the assigned duties are discharged. Some level of supervision is still required as delegating does not take away the accountability element from the delegating authority.

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Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square f

aleksandrvk [35]

Answer:

Explanation:

a. Computation of Rita’s home office deduction for the current year:

Actual expenses method, Rita is allowed to deduct all the expenses and the total deductions are =6,700+800+1,600 = $9,100.

Simplified method:

Rita’s home office deduction will be limited to =300square feet × $5 application rate= $1,500.

However, she can deduct expenses relating to interest and taxes = $6,700 as itemized deductions.

Thus, the total deductions = $1,500+ $6,700 = $8,200.

<em>Take a look to the document attached.</em>

b. Computation of Rita’s home office deduction for the current year if Gross income is $10,000:

Actual expenses method, Rita is allowed only mortgage interest and taxes and all other expenses relating to tire 2 and 3 are carried forward to next year.

<em>Take a look to the document attached.</em>

<em />

Simplified method:

Rita’s home office deduction will be limited to =300square feet × $5 application rate= $1,500.

However, she can deduct expenses relating to interest and taxes = $6,700 as itemized deductions.

Thus, the total deductions = $1,500+ $6,700 = $8,200.

c. Rita's AGI = Sole proprietorship income + income from business

= $60,000 + 300 = $60,300

d. Based on the above calculations Rita can deduct all the expenses in this year itself, thus she does not carry any expenses to next year.

Download xlsx

8 0

3 years ago

Where do you see Dow Jones in the coming two years ?

kenny6666 [7]

Dow jones the business, is that what you or asking sorry just want to make sure so i answer the question correctly

4 0

3 years ago

Rapid Enterprises applies manufacturing overhead to its cost objects on the basis of 75% of direct material cost. If Job 17X had

lozanna [386]

Answer:

Direct material cost = $112,000

Explanation:

<em>Pre-determined overhead absorption rate rate = Estimated overhead for the period / estimated direct material cost</em>

Pre-determined overhead absorption rate rate (OAR= 75% of direct material cost

Applied overhead = OAR × direct material cost

Applied overhead = 75% × direct material cost

Let direct material cost be represented by y

84,000= 75% × y

y = 84,000/75%= 112000

Direct material cost = $112,000

5 0

4 years ago

Timken roller bearing is a manufacturer of seamless tubes for drill bit collars. Company is planning to add larger capacity robo

RoseWind [281]

Answer:

the equivalent amount the company can spend 3 years from now in then-current dollars is $3,943,200

Explanation:

The computation of the equivalent amount the company can spend 3 years from now in then-current dollars is shown below:

= $2,400,000 × (1 + 17.8%)^3

= $2,400,000 × 1.63942

= $3,943,200

Hence, the equivalent amount the company can spend 3 years from now in then-current dollars is $3,943,200

5 0

3 years ago

Savings by _____ in small dollar amounts is the origin of much of the money that funds business loans in an economy

sukhopar [10]

Savings by<u> Household</u> in small dollar amounts is the origin of much of the money that funds business loans in an economy.

<h3>What is loan budget a business?</h3>

Business financing is a funding opportunity for business owners to access company loans to be able to pay for things like temporary cash flow interruptions, development schemes, inventory and equipment, and seasonal points in activity.

<h3>What is a good excuse for a business loan?</h3>

Probably the most obvious reason to think a small business loan is to invest in an increase opportunity for your business. When business is booming, continuing to grow your company can help ensure that your profits don't table or shrink.

To learn more about Business financing , refer

brainly.com/question/25534066

#SPJ4

3 0

2 years ago