1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maw [93]
3 years ago
14

​the irs says you must do what a "reasonable business person" would do to make a profit when running your own business.

Business
1 answer:
Lady bird [3.3K]3 years ago
4 0
This implicates that you have to pass several tests from IRS, usually revolves around your primary employment and the amount of income you get from your business. If you somehow do not meet the standard in IRS test,  IRS will classify your business as a hobby business and you wouldn't be allowed to use any expenditures as tax deductions
You might be interested in
What happen during periods of hyperinfation?
Mashutka [201]
The value of money decreases rapidly
7 0
3 years ago
Why should you dress professionally and do some research beforehand?
kiruha [24]
B. you dress professionally because you need to be good in their eyes because some people judge by the way you wear and you need to make research to make you very confined and competent with your self , this will make you talk like a super star on the stage
6 0
3 years ago
Read 2 more answers
What does Accenture help businesses implement to ensure their data is trustworthy and reliable? data citizenship and literacy pr
FinnZ [79.3K]

Answer:

data governance and management policies.

Explanation:

A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.

Basically, a data database system typically contains the records about all the data elements (objects) such as data relationships with other elements, ownership, type, size, primary keys etc. These records are stored and communicated to other data when required or needed.

One of the world's largest management and technological consulting company that provide services such as database management, consulting, strategy and outsourcing is Accenture.

Accenture help businesses implement data governance and management policies in order to ensure their data is trustworthy and reliable.

7 0
3 years ago
Mary's Baskets Company expects to manufacture and sell 24 comma 000 baskets in 2019 for $ 7 each. There are 2 comma 000 baskets
denis23 [38]

Answer:

The budgeted sales revenue is : $168,000

Explanation:

In 2019, as Mary's Basket Company has the opening Inventory balance of 2,000 baskets; projects to manufactures 24,000 baskets, plans to maintain ending inventory at $2,000 baskets without any work-in-process inventory; We have the baskets available for sales in the year of 2019 is:

  Actual Ending Balance of 2018 + Projected manufactured baskets during the year 2019 - Planned ending Balance of the year 2019 = 2,000 + 24,000 - 2,000 = 24,000

The unit price is projected at $7.

Thus, we have the projected sales revenue is:

  Projected Unit price x Projected baskets available for sales = 7 x 24,000 = $168,000

7 0
2 years ago
Explain the effect that price has on goods and services are produced
Zinaida [17]

Positive coorelation.

A price goes up, more companies will produce goods and services because they want to take advantage of the higher price.

4 0
3 years ago
Other questions:
  • Greg’s Golf Carts produces two models: Model 24 has sales of 500 units with a contribution margin of $40 each; Model 26 has sale
    14·1 answer
  • What is a good online website for a highschool student to do 40 hours volunteering?​
    6·1 answer
  • What term describes the execution of business transactions in a paperless environment, primarily through the Internet
    5·1 answer
  • The marginal propensity to consume is defined as the
    6·1 answer
  • Gdp most commonly used measurement
    11·1 answer
  • The financial statement that shows revenue and expenses for a period of time is the
    5·1 answer
  • Which entity is placed in charge of determining whether a state discriminated against goods or people from another state
    9·1 answer
  • A monopolist maximizes profits at the output at which Group of answer choices total revenue is at its greatest, assuming that th
    11·2 answers
  • What do americans consider to be a signal of progress in a business negotiations with foreigners?
    15·1 answer
  • True or false: it is generally the case that indifference curves have the same shape across all consumers.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!