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Otrada [13]
2 years ago
15

You have $3000 per month to cover your expenses. You estimate your monthly costs to be rent of $1200, car expenses of $700, util

ities of $200, insurance of $300, food of $400, student loans of $800, and going out with friends of $200. What is the end result? *
Business
1 answer:
kobusy [5.1K]2 years ago
4 0

Answer:

with the student loans you will be over 800

Explanation:

so if you subtract all of that from 3000 you will be in negatives by -800 each month

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Renee operates a proprietorship selling collectibles over the web, and last year she purchased a building for $24 million for he
Nuetrik [128]

Answer:

$30.1

Explanation:

Adjusted basis refers to the net value of an asset after considering depreciation and capital investments. It is the net value of an asset.

Adjusted taxable income is the income after adjusting for depreciation and interest.

For a sole proprietorship, the income of the business is the same as owners' income.  

For Renee, adjusted taxable income will be,

Total revenue= $85M

Net expenses equal to total revenue minus depreciation minus interest paid

=$78.1, - $10.1 - $12.7

=$54.9

Adjusted taxable income= Total revenue - net expenses

= $85 - $54.9

=$30.1

5 0
3 years ago
Jill took ​$50 comma 000 that she had in savings and started her own business. If left in investments she would have earned ​$5
dmitriy555 [2]

Answer:

$140,000 and $195,000

Explanation:

The computations are shown below:

Accounting cost would be

= Jill salary +  material and other labor costs +  Insurance and mortgage payment

= $40,000 + $80,000 + $20,000

= $140,000

The economic cost would be

= Accounting cost + investment left + loss in salary + loss in rent

= $140,000 + $5,000 + $30,000 + $20,000

= $195,000

The loss in salary would be

= $70,000 - $40,000

= $30,000

The loss in rent would be

= $40,000 - $20,000

= $20,000

4 0
2 years ago
A senator renounces his past support for protectionism: "The U.S. trade deficit must be reduced, but import quotas only annoy ou
Marat540 [252]

Answer

FALSE

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
3 years ago
Deepak's team is in charge of conducting a review of their company's waste/mistake prevention policies and procedures. Part of t
lord [1]

Answer:

True

Explanation:

Although the business segments related to waste management and information systems may seem irrelevant at start, these two are often intertwined.

In order to successfully forecast the future of waste prevention and management, managers should take into consideration IS and their benefits. For example, how can a new IS that is scheduled for implementation next year affect the existing, real-time waste management system? Can the existing process be automatized and simplified with the aid of the IS?

Therefore, it is needed to include the IS aspect in the waste prevention policy review.

5 0
3 years ago
On July 1, 2020, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $5,100,000. The county
vampirchik [111]

Answer:

Dr Taxes Receivable- Current $5,100,000

Cr Allowance for Uncollectible Current Taxes $153,000

Cr. Revenues $4,947,000

Dr Cash $4,755,000

Cr Taxes Receivable-Current $4,755,000

Dr Taxes Receivable-Delinquent $345,000

Dr Allowance for Uncollectible Current Taxes $153,000

Cr Taxes Receivable-Current $345,000

Cr Allowance for Uncollectible Delinquent Taxes $153,000

(3%*$5,100,000)

Dr Interest & Penalties on Delinquent Taxes $15,400

Cr Allowance for Uncollectible Interest and Penalties $2,150

Cr Revenues $13,250

Dr Cash $63,200

Cr Taxes Receivable-Delinquent $57,500

Cr Interest & Penalties Receivable on Taxes $5,700

Explanation:

Preparation of the journal entries to Record entries for the transactions as stated and to Prepare the journal entries to record the tax levy on July 1, 2020, in the General Fund

Dr Taxes Receivable- Current $5,100,000

Cr Allowance for Uncollectible Current Taxes $153,000

(3%*$5,100,000)

Cr Revenues $4,947,000

($5,100,000-$153,000)

Dr Cash $4,755,000

Cr Taxes Receivable-Current $4,755,000

Dr Taxes Receivable-Delinquent $345,000

$5,100,000-$4,755,000)

Dr Allowance for Uncollectible Current Taxes $153,000

(3%*$5,100,000)

Cr Taxes Receivable-Current $345,000

Cr Allowance for Uncollectible Delinquent Taxes $153,000

(3%*$5,100,000)

Dr Interest & Penalties on Delinquent Taxes $15,400

Cr Allowance for Uncollectible Interest and Penalties $2,150

($15,400-$13,250)

Cr Revenues $13,250

Dr Cash $63,200

( $57,500+$5,700)

Cr Taxes Receivable--Delinquent $57,500

Cr Interest & Penalties Receivable on Taxes $5,700

7 0
2 years ago
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