Answer:
make sure workers aren't slacking and helping customers
Answer:
$304,720
Explanation:
According to the IRS, qualified principal residence indebtedness may include:
1) Debt incurred in order to purchase, build or improve your house or main residence, and the debt is secured by the house or principal residence (mortgage).
Or
2) Any house debt in (1) that is refinanced in order to improve, build or purchase something of your house or principal residence, e.g. you refinance your mortgage in order to build a swimming pool. The loan balance cannot exceed the original mortgage.
A fishing boat is not considered a home improvement, so the equity loan is not considered qualified residence indebtedness.
Answer:
$410,000
Explanation:
The computation of the ending inventory under the LIFO method is shown below:
= Year end cost + difference of amount × price level index
where,
Year end cost = Beginning cost
Difference of amount = $400,000 - $300,000 = $100,000
Price level index = $440,000 ÷ $400,000 = 1.1
So, the inventory cost is
= $300,000 + $100,000 × 1.1
= $300,000 + $110,000
= $410,000
