Answer:
correct option is a.$0
Explanation:
given data
passive activity losses = $150,000
active business income = $120,000
portfolio income = $30,000
to find out
how much passive activity loss can White Corporation deduct
solution
as per given we know that here white corporation is a Personal Service Corporation
so that it is not deduct the passive loss against the portfolio income
so correct option is a.$0
Option 2, When a buyer returns merchandise purchased for cash, the buyer will record the transaction as a debit to Cash and a credit to Merchandise Inventory.
When goods are returned, the accounts receivable or cash account is credited to repay cash or lower what the buyer owes, and the sales returns and allowances account is debited to reduce sales. The accounts involved in the transaction are the purchases account and the cash account if goods are paid for in cash. It debits the purchases account and credits the cash account. The cash account and buyer sales account are the accounts involved in a transaction when goods are sold for cash. It debits the cash account and credits the sales account.
learn more about Merchandise Inventory here:
brainly.com/question/27046371
#SPJ4
Answer:
The number of ounces started and completed during the period is <u>42,000 ounces</u>.
Explanation:
The number of ounces started and completed during the period can be computed by simply deducting the beginning work in process from the number of ounces completed.
Since we have the following from the question:
Number of ounces completed by Filling = 46,000 ounces
Beginning work in process = 4,000 ounces
Therefore, we have:
Number of ounces started and completed = Number of ounces completed by Filling - Beginning work in process = 46,000 ounces - 4,000 ounces = 42,000 ounces
Therefore, the number of ounces started and completed during the period is <u>42,000 ounces</u>.
Answer:
the answer is option B) the leaders of Jayhawk Foods should pursue a multidomestic strategy that includes new "local" brands.
Explanation:
Understanding how best to meet your customers needs is a sure way to maximize profits and generate more sales.
Having identified the need for a high degree of local responsiveness when it comes to food, Jayhawk Foods Inc., a snack manufacturer that wants to expand globally should pursue a multi domestic strategy for their branches globally.
Multi Domestic strategy is an international marketing strategy that is responsive to the local market by driving advertising and sales efforts towards the needs that the local consumers are most responsive to.
