Answer:
Correct option is A.
<u>Interest on a loan for a 90-foot yacht (a qualified residence) with a kitchen, 3 baths and 5 bedrooms</u>
Explanation:
Assesses are permitted a conclusion for unmistakable intrigue paid or collected during the expense year. Sum and sort of derivation is reliant intentionally for which cash is obtained. Enthusiasm on credit for lease, business and eminence exercises is deducted for balanced gross pay. Enthusiasm on credit if there should be an occurrence of individual utilise like speculation intrigue, qualified home intrigue, contract intrigue prepayment punishments, intrigue identified with aloof action. Enthusiasm on credit used for buying resources producing charge excluded salary isn't deductible.
Following interest is not deductible as an itemised deduction:
1. Credit investigation fees
2. Service charges
3. Premium on convertible bonds
4. Interest paid to carry single premium life insurance
Answer:
Break-even point in composite units = 811 units
Explanation:
Number of modal;
5 Youth models
9 Adult models
6 Recreational models
Annual fixed costs total = $6,550,000
Find:
Break-even point in composite units
Computation:
Mixed contribution margin = 5[130] + 9[475] + 6[525]
Mixed contribution margin = 650 + 4275 + 3150
Mixed contribution margin = $8075
Break-even point in composite units = Annual fixed costs total / Mixed contribution margin
Break-even point in composite units = 6,550,000 / 8075
Break-even point in composite units = 811 units
Answer:
30600 less 25 000 = 5600
increase in net income
Explanation
1400 units 1000 units
sales 224 000 160 000
(1400*160) (1000*160)
variable costs (106 400) (48 000)
(1400*76) (1000*48)
contribution margin 117 600 112 000
fixed costs (87 000) (87 000)
net operating income 30 600 25000
Explanation:
The preparation of the end December Income statement for Cowboy Law Firm is presented below:
Cowboy Law Firm
Income statement
Revenue
Service Revenue $7,900
Total revenues $7,900 (A)
Less: Expenses
Salaries expense $1,500
Utilities expense $1,000
Total expenses $2,500 (B)
Net income $5,400 (A- B)
Answer:
You should add an identical hard drive, and configure a RAID-0 volume.
Explanation:
