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Vlada [557]
2 years ago
13

Suzanne owns interests in a bagel shop, a lawn and garden store, and a convenience store. Several full-time employees work at ea

ch of the enterprises. As of the end of November of the current year, Suzanne has worked 150 hours in the bagel shop, 250 hours at the lawn and garden store, and 70 hours at the convenience store. In reviewing her financial records, you learn that she has no passive investments that are generating income and that she expects these three ventures collectively to produce a loss.
Required:
What recommendation would you offer Suzanne as she plans her activities for the remainder of the year?
Business
1 answer:
ollegr [7]2 years ago
4 0

Answer:

In order for Suzanne to be considered an active participant in her stores, she must work at least 31 hours more. That way, her total working hours will be above 500, and she can deduct any losses from her adjusted gross income.

If she doesn't work at least 31 hours more, these activities will be considered passive activities and can only offset passive income.

Explanation:

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ABC Corporation uses the weighted-average method in its process costing system.
Troyanec [42]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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7 0
3 years ago
Waterway Industries began the year with retained earnings of $316000. During the year, the company issued $421000 of common stoc
Rus_ich [418]

Answer:

<u>revenues = 1,201,100</u>

<u></u>

Explanation:

$$Beginning Retained Earnings$$$+/- Net Income/Loss$$$- Dividends$$$Equals Ending Retained Earning

beginning 421,000

+net income (revenues - 1,204,000)

- dividends 82,100

ending 336,000

421,000 + (r-1,204,000) - 82,100 = 336,000

revenues = 336,000 + 82,100 + 1,204,000 - 421,000

<u>revenues = 1,201,100</u>

5 0
3 years ago
Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 45 million cases of cola were sold ever
Genrish500 [490]

Answer:

Tax on a case of cola is $4 per case.

The burden that falls on consumers is $1 per case.

The burden that falls on producers is $3 per case

False. This is due to the fact that producers already carry a greater share of the tax burden.

Explanation:

Tax on a case of cola = Amount that consumers pay after the tax has been charged - Amount producers receive = $7 - $3 = $4 per case

Burden on consumers = Amount consumers pay after the tax has been levied - Amount consumers pay before tax was levied = $7 - $5 = $1 per case

Burden on producers = Tax on a case of cola - Burden on consumers = $4 - $1 = $3 per case

False. This is due to the fact that producers already carry a greater share of the tax burden.

4 0
2 years ago
If a egg need 5 mins to cook how many mins 7 eggs need to cook
denis23 [38]

35 its just 5 x 7 you multiply the number of eggs by how many minutes.

6 0
3 years ago
People who have a negative digestive response to milk or milk products are experiencing
Vedmedyk [2.9K]
Lactose intolerance
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3 years ago
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