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slavikrds [6]
2 years ago
9

Stanford owns and operates two dry cleaning businesses. He travels to Boston to aquire a restaurant. Later in the month, he trav

els to New York to discuss aquiring a bakery. Stanford does not acuire the restaurant but does aquire the bakery on November 1, 2015.
Stand incurred the following expenses:
Total investigation costs related to the restaurant $28,000
Total investigation costs related to the bakery $51,000
What is the maximum amount Stanford can deduct in 2015 for investigation expenses?
Business
1 answer:
Olegator [25]2 years ago
4 0

Answer:

$4,522

Explanation:

As the restaurant is not acquired so the amount of $28,000 would be non-deductible

Also if the expenses is incurred so the maximum deduction allowed is in excess of $50,000 is $5,000

Now

= $51,000 - $50,000

= $1,000 reduction

And,  

= $5,000 - $1,000

= $4,000 deduction

Now

= $51,000 - $4,000

= $47,000

Now

= $47,000 ÷ 180 months

= $261 × 2 months

= 522

Now total deduction is

= $4,000 + $522

= $4,522

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den301095 [7]

Answer:

Explanation:

The sugar would dissolve in water. You could then pour off the solution and wash the remaining sand with a bit more water. Heat the water to evaporate it from the sugar, and the two are separated

7 0
2 years ago
A company has a process that results in 36000 pounds of Product A that can be sold for $8 per pound. An alternative would be to
RoseWind [281]

Answer:

Sell now, the company will be better off by $25,200

Explanation:

The effect of the action of shown below:-

Profits if sold now = Product Pound A × Sold pound

= 36,000 pounds × $8

= $288,000

If processed further Profits

= (36,000 x $14) - $241,200

= $262,800

Selling product A now = Profits if sold now - Further Profits

= $288,000 - $262,800

= $25,200

6 0
3 years ago
Wayne Company's beginning and ending inventories for the month of June were as follows:
ipn [44]

Answer:

d. $487,750

Explanation:

Cost of goods manufactured

<em>Consider only the manufacturing costs</em>

Cost of goods manufactured = $145,000 +  $200,000 +  $ 170,000 + ($5.75 x  25,000) - $171,000

                                                =  $487,750

Note : Only overheads applied $143,750 ($5.75 x  25,000) are added to cost of goods manufactured instead of actual overheads.

Conclusion

the amount of cost of goods manufactured is  $487,750

5 0
3 years ago
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Bas_tet [7]
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7 0
3 years ago
Read 2 more answers
What are the main purposes of a budget?
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3 years ago
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