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e-lub [12.9K]
3 years ago
9

"cat chaser. annette, who is angry because her neighbor, william, allows his dog to chase her cat, decides that she wants to get

even. she moves a number of farm animals into her backyard and begins playing music at all hours of the night. she also steals a nice lawn chair off of william's deck. she intends to keep the chair and not give it back. annette further took a rake off of william's deck that she plans to return after she finishes raking her leaves. william did not give her permission to take the rake. william is unhappy about the whole situation and wants to sue. what action would william have against annette for taking the rake?"
Business
1 answer:
Juliette [100K]3 years ago
4 0
<span>The next action which William would have against Annette for taking the rake is to sue her, blaming her in trespass of personal property. </span><span>A trespass is an </span><span>unauthorized action towards someone's goods. It consists of any contact with the property that was not allowed by the owner, and trespasser, in his turn, is responsible for damage to the property and its owners.</span>
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Tamarisk, Inc. just took its physical inventory on December 31. The count of inventory items on hand at the companyâs business l
Dmitry [639]

Answer:

Closing inventory = $289,000 + $13,190 = 302,190

Explanation:

Tamarisk inc.

In closing an inventory count consideration should be given to goods in transit. The agreements reached between buyer and seller will help in determining who is responsibility for the stock at each point in time.

An FOB (free on board) agreement means the seller of the goods is responsible for shipping the goods up to the port of destination and thereafter ownership, which includes risks and rewards for the goods is transferred to the buyer.

CIF (cost, insurance and freight). This implies the selling price of the seller already includes the cost of the product, the insurance and the freight getting it to the warehouse of the Buyer. In this instance, the ownership remains that of the seller until the products arrive the warehouse of the buyer

A. Richfield already has taken possession and even displayed it in his showroom as at Dec 31.

Action: do not add this to the closing inventory count

B. It is OK not to include the $20,180 goods in transit to the buyer as at DEC 31, because they were conditioned on an FOB agreement.

Action: do not add this to the closing inventory count

C. With a purchase consideration of FOB worth $13,190 still in transit as at Dec 31. The company needs to consider this as the risk and reward already transferred to it as agreed in the FOB terms

Action: add this to the closing inventory count

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mihalych1998 [28]

Answer:

none of the above

Explanation:

cause I think the answer is software applications which isnt on the options.

I hope this helps

5 0
2 years ago
Ben and Molly are married and will file jointly. Ben generates $300,000 of qualified business income from his single-member LLC
AURORKA [14]

Answer:

A. $8,000

B. $14,400

Explanation:

A. Calculation to determine their tentative QBI based on the W-2 Wages/Capital Investment Limit

First step is to calculate the Applicable Percentage

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Applicable percentage=40%

Now let Calculate the tentative QBI based on the W-2 Wages/Capital Investment Limit

GREATER OF BELOW:

Tentative QBI based on the W-2 Wages/Capital Investment Limit=50% of W-2 wages ($40,000 × 50% × 40%)

Tentative QBI based on the W-2 Wages/Capital Investment Limit=$8,000

OR

Tentative QBI based on the W-2 Wages/Capital Investment Limit=[ W-2 wages of ($40,000 × 25% × 40%)]+ [Unadjusted basis of qualified property of ($0 × 2.5% × 40%)]

Tentative QBI based on the W-2 Wages/Capital Investment Limit=$4,000+$0

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2. Calculation to Determine their allowable QBI deduction for 2020

First step is to calculate the General QBI deduction

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Second step is to calculate the Reduction Ratio

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Reduction ratio=$60,000/100,000

Reduction ratio= 60%

Now let calculate the allowable QBI deduction for 2020

General QBI deduction $24,000

Less Reduction of W-2 Wages/Capital Investment Limit ($9,600)

[($24,000-$8,000)*60%]

2020 Allowable QBI deduction $14,400

($24,000-$9,600)

Therefore their allowable QBI deduction for 2020 will be $14,400

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liubo4ka [24]
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