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:
5,850 units
Explanation:
Units Incomplete at the beginning of the month:
= No. of units × 40% incomplete
= 600 units × 0.4
= 240 units
Units completed during the month:
= 6,000 - 600
= 5,400 units are completed
Units completed at the end of June:
= 700 units × 30%
= 210 units
Number of equivalent units of production for conversion cost for the period:
= 240 + 5,400 + 210
= 5,850 units
I think its B.
Sustainable farming focuses on producing long-term crops and livestock, while also having minimal effects on the environment.
Answer:
c. $3,600
Explanation:
The total cost of orange juice = $30,400 + $13,000
The total cost of orange juice = $43,400
So, the profit on the orange juice = $53,000 - $43,400 = $9,600
Profit when oranges are sold without juice = $36,400 - $30,400
Profit when oranges are sold without juice = $6,000
So, extra income = $$9,600 - $6,000 = $3,600
Thus, the net benefit (additional income) from processing the oranges into orange juice instead of selling as is would be is $3,600
<h3>Item 1:</h3>
Debit : Merchandise $13,888.
Credit : Accounts Payable $13,888.
<h3>Item 2:</h3>
Debit : Merchandise $560.
Credit : Accounts Payable $560.
<h3>Item 3:</h3>
Debit : Accounts Receivable $17,098.
Debit : Cost of Sales $11,536.
Credit : Sales Revenue $17,098.
Credit : Merchandise $11,536.
<h3>What is meant by inventory system?</h3>
- A supply chain's full stock, supplies, and sales are tracked using an inventory system.
- Businesses use inventory systems to make sure they are fully aware of the goods they have on hand and where they are.
<h3>What is inventory system with example?</h3>
- All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory.
- Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients.
- The car will be considered an asset.
<h3>What is inventory system and methods?</h3>
- The procedures and software you employ to plan, order, store, and manage your inventory are known as inventory control methods.
- There are generally two types of inventory control manual and perpetual.
- You must routinely perform physical counts of inventory when using manual inventory control.
<h3>What is the purpose of inventory?</h3>
- Keeping a steady supply of goods on hand for activities is inventory's primary purpose.
- Your company should look for the sweet spot between too much and too little stock, without ever running out, in order to carry out this duty efficiently.
Learn more about inventory system here:
brainly.com/question/25887081
#SPJ4
