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3 years ago

Brad owns a small townhouse complex that generates a loss during the year.

Business

1 answer:

My name is Ann [436]3 years ago

7 0

Answer:

a. Brad might be allowed to deduct up to $25,000

or Brad may be allowed to deduct the loss if he works more than 750 hours as a material participant in connection with the townhouse complex and more than half of personal service.

b. The reduction is equal to 50% of AGI in excess of $100,000. The deduction will be phased out completely if AGI reaches $25,000

Explanation:

Adjusted Gross Income is the final taxable income after all the allowable deductions are adjusted in the income. A tax payer can deduct up to $25,000 for the passive losses. This is standard deduction which Brad can deduct from the income.

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In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $22,000 and ending

saul85 [17]

Answer:

The total cost to be accounted for under the weighted-average method would be $184,000

Explanation:

Given information ,

Beginning work in process inventory = $22,000

Ending work in process inventory = $27,000.

The cost of units transferred out from the department = $157,000

Under weighted average method, the beginning Work in process inventory is not considered. So, the total cost would be displayed below.

Total cost = The cost of units transferred out from the department + Ending work in process inventory

= $157,000 + $27,000

= $184,000

Thus, the total cost to be accounted for under the weighted-average method would be $184,000

7 0

3 years ago

Thornton Company started year 1 with $300,000 in its cash and common stock accounts. During year 1, Thornton paid $225,000 cash

bixtya [17]

Answer and Explanation:

The computation is shown below;

a. Total assets are

= Stock + Cash

= [$294,000 ÷ 1500 × 300] + [$300,000 - $225,000 - $69,000]

= $64,800

And, Total expenses is

= Materials + Labor

= $225,000 + $69,000

= $294,000

The Name of the expense is Purchases, Salaries

b. Total assets are

= Cash

= $300,000 - $225,000 - $69,000

= $64,800

And, the Total expenses = $294,000

The Name of the expense is Supplies, Salaries

4 0

3 years ago

Consider each of the following scenarios. For each, would it cause a shift in demand, a shift in supply, or neither a shift in d

Andreyy89

If Adidas lowers its price, there would be a shift to a shift in demand to the left.

An increase in the wages of labor would lead to a shift in supply to the left.

As a result of the report, there would be a shift in demand to the right.

The arrest of the celebrity will neither shift demand or supply.

A decrease in the price of Adidas' shoes will neither shift demand or supply.

<h3>What cause a change in demand?</h3>

A change in consumers' expectation : when there is a favourable change in this factor, the demand curve would shift to the right. When the change is unfavourable, there would be a shift to the left.

A change in the taste of consumers : when there is a favourable change in this factor, the demand curve would shift to the right. When the change is unfavourable, there would be a shift to the left.

A change in consumer's income: : when there is a favourable change in this factor, the demand curve would shift to the right. When the change is unfavourable, there would be a shift to the left.

A change in the price of substitute goods: when the price of the substitute good increases, the demand for the good would increase. The opposite is the case when the price of the substitute good decreases.

Here is the complete question:

Nike is wondering how Adidas's decision to lower its prices will affect Nike.

2. Apple, which makes the iPhone, is forced to pay its workers higher wages.

3. A new report indicates that eating hot dogs can prevent cancer.

4. Adidas decides to lower the prices of its shoes.

5. A celebrity who endorses Subway is arrested.

For more information about the change in demand, please check: brainly.com/question/25871620

6 0

2 years ago

Due to the unique nature of this product, tom and melody have decided to develop a half-hour tv program to demonstrate the benef

Ber [7]

It is <span>hoped that this Integrated Marketing Communication program will provide a great start in the market.

It is an idea of showcasing interchanges arranging that perceives the additional estimation of the extensive arrangement that assesses the key parts of an assortment of correspondence disciplines. It consolidates all components of advancement blend into one thorough and bound together procedure. The thought is to utilize every single limited time device and assets to make a brand picture.
</span>

7 0

3 years ago

Richland’s real GDP per person is $10,000, and Poorland’s real GDP per person is $5,000. However, Richland’s real GDP per person

dangina [55]

Answer:

It will take approximately 36 Years to Poorland to catch up to Richland.

Explanation:

Given data:

The GDP increase in Poorland per year = 1 %

The GDP increase in Richland per year = 3 %

Calculations:

Step 1: For Richland:

The formula for calculating the per year GDP increase for Richland is:

GDP = 10,000 + (10,000 x (1/100)) ---- (1)

GDP for first Year = 10,100$

GDP for second Year = 10,201 $

Similarly using the formula (1) we calculated the values for 10 and 20 years

GDP for 10th Year = 11046.2$

GDP for 20th Year = 12201.9$

Step 2: For Poorland:

The formula for calculating the per year GDP increase for Poorland is:

GDP = 5,000 + (5,000 x (3/100)) ---- (1)

GDP for first Year = 5,150$

GDP for second Year = 5,304.5 $

Similarly using the formula (1) we calculated the values for 10 and 20 years

GDP for 10th Year = 6719.6$

GDP for 20th Year = 9030.6$

Step 3: When will Poorland catch up to Richland:

By calculating values using the above formulas, we have found that for 38th year, Poorland will catch upto Richland and will have more GDP.

Poorland GDP for 36th Year = 14491.4$

Richland GDP for 36th Year = 14307.7$

6 0

4 years ago