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OLga [1]
3 years ago
8

Simmons LLC purchased an office building and land several years ago for $250,000. The purchase price was allocated as follows: $

200,000 to the building and $50,000 to the land. The property was placed in service on October 2. If the property is disposed of on February 27 during the 10th year, calculate Simmons's maximum depreciation in the 10th year.
Business
1 answer:
AysviL [449]3 years ago
4 0

Answer: $641

Explanation:

Based on the information that have already bee given in the question, if the property is disposed of on February 27 during the 10th year, then Simmons's maximum depreciation in the 10th year will be calculated as:

= 200000 × 2.564% × 1.5/12

= 200000 × 0.02564 × 0.125

= $641

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andrew11 [14]

Elias is creating an agenda for his team's upcoming sales meeting, expected outcomes include in the agenda

The process of leading to the sale of goods or services is referred to as sales. Businesses have segmented sales organizations made up of various teams. Additionally, these sales teams are frequently chosen based on the market they are targeting, the good or service they are selling, and the target client. A meeting's agenda is a list of the topics that will be discussed, starting with the call to order and ending with the adjournment. It typically contains one or more specific items of business that need to be handled. Specific times for one or more activities may be included, but they are not required to be. Agendas typically include: Informational items: updating the group on relevant information.

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7 0
1 year ago
Consider a firm with a 2013 net income of $20 million, revenue of $60 million, and cost of goods sold of $25 million. If the bal
Nostrana [21]

Answer:

Weeks of supply = 4.16 weeks

Explanation:

given data

net income = $20 million

revenue = $60 million

cost of goods sold = $25 million

inventory = $2 million

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to find out

how many weeks of supply does the firm hold

solution

we know here that Weeks of supply will be express as

Weeks of supply = \frac{average inventory}{cost of goods sold} × 52 weeks          ....................................1

so put here value we get weeks of supply

Weeks of supply =  \frac{2}{25} × 52 weeks

Weeks of supply = 4.16 weeks

3 0
3 years ago
Why are we forced to make choices in day-to-day life? we are forced to make choices in day-to-day life because of resources.
rewona [7]
We are forced to make choices in our day to day life because our resources are limited.

An example of this limited resources is our financial resources, we need to work to earn money to buy our necessities to live a comfortable life. Simply put, no work no pay. No pay, no food. No food, no life. So, no choice but work.
6 0
3 years ago
Read 2 more answers
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kati45 [8]

Answer:

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dybincka [34]

Answer and Explanation:

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8 0
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