Answer:
<u>True</u>
Explanation:
According to the IRS tax guidelines in such a case the unreimbursed amount is deductible as an itemized deduction from tax returns.
What this implies for Mr. and Mrs. Jones is that the $12,000 unreimbursed amount would be deducted from their tax return. <u>Thus, reducing the amount of taxes to be paid by them.</u>
Answer:
The amount of interest that is recognized for the period from April 1 to December 31 is $15,750
Explanation:
According to the given data we have the following:
interest=12%
From April 1 to December 31 we have 9 months
Sodium Inc. borrowed $175,000
Therefore, in order to calculate the amount of interest that is recognized for the period from April 1 to December 31 we would have to make the following calculation:
Interest for 9 months= $175,000 x 12% x 9 months / 12
Interest for 9 months=$15,750
The amount of interest that is recognized for the period from April 1 to December 31 is $15,750
Answer:
Price variance will be $4512.5 ( Unfavorable )
Explanation:
We have given standard material cost per yard = $2
Actual material cost per yard = $2.10
Standard yards per unit = 4.5
And actual yards per unit = 4.75
Units of production = 9500
Total number of actual quantity used = 9500×4.75 = 45125
So direct material price variance = ( standard price - actual price ) × actual quantity used = ( $2 - $2.1 ) × 45125 = -$4512.5
So price variance will be $4512.5 ( Unfavorable )
No. There are times where
some projects are so important that they need to be finished as soon as
possible. You have to make sure that
employees will be compensated for their work when they do so. Make sure that the company follows proper
guidelines in doing overtime.
The cause of this lack of incentive to engage in economic activity is <u>the lack of legalized </u><u>property right</u><u>s</u>.
<h3>What are property rights?</h3>
Property rights establish the resources ownership and control. Generally, legalizing property rights recognize the the rights of:
- Possession
- Control
- Exclusion
- To derive income
- Disposition.
Thus, having official records indicating agricultural property rights will encourage Europeans to engage in economic and agricultural activities.
Learn more about legalizing property rights at brainly.com/question/913138