7. this year desi incurs certain expenses for travel, market surveys, and legal expenses to investigate the feasibility of opening a new coffee house in one of the new suburban malls in town. desi does not currently own any other business. a. what is the proper tax treatment of these expenses if desi decides not to open the new coffee house? b. what is the proper tax treatment this year of these expenses if desi decides to open the new coffee house on october 1st of the current year, assuming they spent the following different amounts: i. $3,000 ii. $6,800 iii. $50,000 iv. $52,700 v. $180,000
Answers
a. The expenses would be treated as startup costs and can be amortized over 15 years if Desi decides not to open the coffee house.
b. The expenses would be deducted in the current year if Desi decides to open the coffee house.
a. In the event that Desi chooses not to open the new café, the legitimate duty treatment of the costs brought about for movement, market reviews, and lawful costs would rely upon regardless of whether they qualify as deductible operational expense.
For the most part, costs caused before the beginning of a business are viewed as startup costs and may have explicit duty rules.
As per the IRS, in the event that the costs are brought about before the business starts, they might be viewed as startup costs and treated as capital costs. These costs can't be deducted in the ongoing year however can be amortized and deducted over a time of 180 months (15 years), beginning from the month Desi starts the café business.
b. Assuming that Desi chooses to open the new café on October first of the ongoing year, the assessment treatment of the costs caused would rely upon whether they are viewed as startup costs or working costs.
Startup Expenses: On the off chance that the costs are viewed as startup costs, the legitimate duty treatment would be like situation (a). They would be promoted and amortized north of a 180-month time frame, beginning from October first of the ongoing year.
Working Costs: Assuming the costs are viewed as normal and essential working costs, they can be deducted in the ongoing year. Desi would have the option to deduct everything of the costs in the year they were brought about.
It is essential to counsel a duty expert or bookkeeper to guarantee legitimate expense treatment in view of the particular conditions and assessment guidelines basically.
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Related Questions
Which of the following is a demographic characteristic that is a force for
change outside the organization?
O Education
O Productivity
O Job satisfaction
O Petroleum prices
Answers
A demographic characteristic that is a force for change outside the organization is Education.
Demographic characteristics refer to attributes that describe the status of people or a person such as age, gender, ethnicity or income.
Education is often strongly associated with fertility, mortality and migration experiences. As a planned long-term activity, schooling must in general be considered to be potentially and endogenous.
It also refers of a population, such as age, race, and martial status.
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Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 19 percent per year for the next 8 years before leveling off at 5 percent into perpetuity. The required return on the company’s stock is 10 percent. If the dividend per share just paid was $1.52, what is the stock price?
Answers
Answer:
Price of stock = $74.636
Explanation:
The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.
The price of the stock will the sum of the present value of the growing annuity and the growing perpetuity
Present value of dividend from year 1 to 8
The PV of the growing annuity = A/r-g) ( 1- (1+g)/(1+r)^n )
A- dividend payable now , r- required of return, g-growth rate, number of years
PV = 1.52×(1.19)/(0.1-0.19) × (1 -(1.19/1.1)^8)= 17.605
PV of Dividend from year 9 and beyond:
P = D× g/(r-g)
This will be done in two steps:
Step 1: PV(in year 8)of dividend = (1.52× 1.19^8× 1.05)/(0.1-0.05)= 122.250
Step 2 : PV in year 0 = 122.25× 1.1^(-8)= 57.030
Price of stock = 17.60 + 57.030= 74.63
Price of stock = $74.636
Why should the ar grazing system be good in the profession of farming or domesticating the goats or sheep.DISCUSS.
Answers
Answer:
the point of the grazing system is to
allow vegetation and soil a resting time to recover, and sometimes also to improve vegetation conditions so this will be good for goat and sheep because they will have more grass
In market-based forecasting, a forward rate quoted for a specific date in the future can be used as the forecasted spot rate on that future date.
a. true
b. false
Answers
In market-based forecasting, a forward rate quoted for a specific date in the future can be used as the forecasted spot rate on that future date. True
Forecasting is the technique of making predictions based totally on beyond and present statistics. Later those can be in comparison (resolved) in opposition to what happens. As an example, a corporation may estimate their revenue inside the subsequent 12 months, then evaluate it against the actual effects. Prediction is a comparable, but greater popular term. Forecasting would possibly refer to particular formal statistical techniques using time series, cross-sectional or longitudinal records, or rather to much less formal judgmental strategies or the procedure of prediction and backbone itself. Utilization can fluctuate between areas of software: for instance, in hydrology the phrases "forecast" and "forecasting" are occasionally reserved for estimates of values at positive specific destiny times, even as the time period "prediction" is used for extra popular estimates, inclusive of the number of times floods will arise over an extended duration. Threat and uncertainty are principal to forecasting and prediction; it's miles typically considered the excellent practice to signify the degree of uncertainty attached to forecasts. Anyways, the data should be updated so as for the forecast to be as correct as possible. In some cases the records used to expect the variable of interest is itself forecast.
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the workplace soft skills that equip you to accept and meet the challenges of change include
A understanding and flexibility
B tolerance and kindness
C flexibility and adaptability
D rigidity and truthfulness
Answers
Answer:
Flexibility and adaptability
Explanation:
Flexibility and adaptability are workplace soft skills that equip you to accept and meet the challenges of change.
3. What is inflation?
O When asset and consumer prices continue to fall
O The measure of dollar value of all goods and services
O The measure of change in employment
O The continuous increase in the prices of most goods and services
Answers
the soft drink industry operates as blank since it has fewer businesses than a pure-competition environment and the differences among the goods sold are small. multiple choice question.
Answers
The soft drink industry operates as monopolistic competition since it has fewer businesses than a pure competition environment and the differences among the goods sold are small.
A form of imperfect competition known as monopolistic competition pits numerous producers against one another while still providing goods that are distinguishable from one another (for example, by branding or quality) and are thus not exact substitutes.
Due to the enormous number of businesses that offer many of the same products but with different branding and marketing, grocery shops constitute a monopolistic industry.
There must be a lot of businesses, similar but not identically substitutable goods, low entry barriers, and imperfect knowledge for monopolistic competition to exist.
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Classify each of the following unemployment situations as either cyclical, frictional, or structural unemployment. Items (7 items) (Drag and drop into the appropriate area below) Paul lost his job six months ago His employment counselor at the labor office advises him to retrain. Unemployment in Michigan increased as consumer demand for automobiles fellanother job as a their jobs. during the Greatfinancial analyst. Recession. Michael is temporarily out of work. He quit his job at Citibank to find In 2011, BordersA data-entry Books filed for bankruptcy, andhis job because it 19,000 employees lost Mary graduated from college withconstruction an economics degree. She doesn't have a job yet, but she has six interviews lined up. Large numbers of employee loses was permanently outsourced to India. workers lost their jobs after the collapse of the housing bubble.
Answers
The answer is Frictional Unemployment -Michael is temporarily out of work. He quit his job at Citibank to find another job as a financial analyst.
-Mary graduated from college with an economics degree. She doesn’t have a job yet, but she has six interviews lined up.
Structural Unemployment -Paul lost his job six months ago. His employment counselor at the labor office advises him to retrain.
-In 2011, Borders Books filed for bankruptcy, and 19,000 employees lost their jobs.
-A data-entry employee loses his job because it was permanently outsourced to India.
Cyclical Unemployment -Unemployment in Michigan increased as consumer demand for automobiles fell during the Great Recession.
-Large numbers of construction workers lost their jobs after the collapse of the housing bubble.
What's the ideal way to describe unemployment?When someone actively seeks job but is unable to do so, this is referred to as being unemployed.
What exactly is unemployment, and why does it occur?When people who are capable of working actively look for employment prospects but are unsuccessful, it is said that they are unemployed. A person must be actively seeking gainful employment as a member of the labor force in order to be labeled unemployed.
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the three-step negotiating plan does not include: group of answer choicesbeing prepared to negotiate ""on the fly""ask for what you wantincreasing your leveragebeing prepared to walk away
Answers
The three-step negotiating plan does not include being prepared to negotiate "on the fly." The three-step plan involves preparation, negotiation and follow-up.
The first step is to prepare for the negotiation by gathering information about the other party, setting goals, and identifying possible concessions.
The second step is to negotiate with the other party by presenting your case, listening to their concerns, and finding common ground.
The third step is to follow up after the negotiation to ensure that both parties are satisfied with the outcome and to maintain a good relationship.
While being prepared to negotiate "on the fly" can be a useful skill in some situations, it is not part of the three-step negotiating plan. The plan emphasizes the importance of preparation and careful consideration of goals and concessions. Asking for what you want, increasing your leverage, and being prepared to walk away are all important elements of the plan that can help you achieve a successful negotiation outcome. By following the three-step plan and utilizing these strategies, you can negotiate effectively and achieve your desired results.
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what is consumer's Equilibrium?
Answers
Answer:
\( \huge{ \red{A} \green{N} \blue{S} \orange{W} \pink{E} \red{R} \blue{:-}}\)
When consumers make choices about the quantity of goods and services to consume, it is presumed that their objective is to maximize total utility. In maximizing total utility, the consumer faces a number of constraints, the most important of which are the consumer's income and the prices of the goods and services that the consumer wishes to consume. The consumer's effort to maximize total utility, subject to these constraints, is referred to as the consumer's problem. The solution to the consumer's problem, which entails decisions about how much the consumer will consume of a number of goods and services, is referred to as consumer equilibrium.
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Amanda works as an accountant at a small-sized firm that sends out multiple invoices daily. She wants to ensure that the firm's invoices have a professional look and format. Further, she wants to customize such invoices with the firm's logo. Which accounting program is most suitable for
Amanda's requirements?
A. OpenOffice Calc
В. QuickBooks
C. NetSuite
D. FreshBooks
E. Intact
Answers
Answer:
Netsuite
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Allen Furniture Company is considering offering an inexpensive line of college dorm and apartment furnishings. If they move forward, they will renovate part of their store to accommodate this new stock. Before spending the money to redesign the store, they first want to find out customer interest. In a short response of approximately 100 words, describe some of the steps they should take as they consider this project.
Answers
Answer:
Allen Furniture Company should look into conducting a survey to gauge customer interest to find what they look for, need, and find attractive. They could do so by going to college campuses and conducting random interviews. For their apartment furnishings, they could look online to see what kind of product sell and do an analysis of customer interest that way and they could also conduct a survey for people that live in apartments. They could also look into a consultant that specializes in the field and is experienced with what customers like or want.
1. What action should the Federal Open Market Committee (FOMC) take if it
sees signs of inflation rising above 2% and believes inflation will continue to
rise if it takes no action?
2. Explain how the action you suggest will work to control inflation.
Answers
Answer: Governments can use wage and price controls to fight inflation, but that can cause recession and job losses
Explanation: Governments can also employ a contractionary monetary policy to fight inflation by reducing the money supply within an economy via decreased bond prices and increased interest rates.
The national-level advisors of CTSOS
Answers
Answer: Students
Explanation:
The National Coordinating Council for Career and Technical Student Organizations (CTSO) advocate for the values that the Career and Technical Education (CTE) curriculum instills in students.
In association with the Association for Career and Technical Education (ACTE), the CTSO work to instill career skills to students in middle school, high school, and post-secondary institutions such as Business, Health science, Information Technology and Finance amongst others.
CTSOs such as Educators Rising and Business Professionals of America encourage and support CTE programs for their members which also has a Federal Support of $1.1 billion.
what does white space mean in terms of advertising?
A. Space within the advertising region that is text only
B. Space within the advertising region that is filled
C. Space within the advertising region that is colorful
D. Space within the advertising region that is left unmarked and unfilled
Answers
Answer:
D. Space within the advertising region that is left unmarked and unfilled
Explanation:
Hope this helps!!
The meaning of the word white space in advertising refers to Space within the advertising region that is left unmarked and unfilled. Thus, option (D) is correct.
What is Advertising?Advertising is a marketing strategy that involves paying for advertising space to sell a product, service, or movement. Marketing messages, or ads for short, are the real commercial messaging.
Advertising's purpose is to contact those who are most likely to be ready to pay for a company's goods or services and convince them to purchase them.
White space in a design is empty space or negative space that occurs surrounding all text in a design layout used in advertising. The space may seem to be empty, yet it is most likely the most crucial aspect of how the design seems to the human eye.
Therefore, it can be concluded that option (D) is correct.
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If mcmurphy had the opportunity to use the facility to make a different product that would have a total contribution margin of $168,000, mcmurphy should:_____.
Answers
If McMurphy had the opportunity to use the facility to make a different product that would have a total contribution margin of $168,000, he should evaluate the potential profitability and feasibility of the alternative product.
To make an informed decision, McMurphy should consider various factors, such as the demand and market potential for the new product, the production costs involved, the availability of resources and expertise required, and any potential risks or challenges associated with entering a different product line.
If the potential contribution margin of $168,000 is higher than the current product's contribution margin or offers promising growth prospects, McMurphy may consider shifting production to the new product. However, it is crucial to assess the overall profitability, market conditions, competition, and potential synergies or conflicts with the existing product line before making a final decision.
Ultimately, McMurphy should weigh the potential financial gains, market opportunities, and the feasibility of producing the alternative product to determine if it aligns with the company's strategic objectives and long-term profitability.
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According to _____, location-specific advantages are of considerable importance in explaining both the rationale for and the direction of foreign direct investment.
Multiple Choice
a. the infant industry argument
b. market imperfections theory
c. internalization theory
d. the eclectic paradigm
e. Knickerbocker's theory
Answers
The correct option d. the eclectic paradigm. According to the "eclectic paradigm," location-specific benefits play a significant role in describing the motivation behind and course of foreign direct investment.
Explain about the foreign direct investment?The goal of obtaining a long-term interest in a company located in another economy by an investor from one economy is reflected in the type of international investments known as foreign direct investment (FDI).
For instance, a US business may buy stock in a foreign firm that provides it with all the raw resources it requires. A corporation invests together in foreign company that is irrelevant to its main business in a conglomerate FDI.Economic theory, also referred to as the OLI model as well as OLI framework, is the eclectic paradigm. It gets over the drawbacks of fragmentary theories of global production and offers a comprehensive framework in which alternative and related theories of global production can coexist.Thus, according to the "eclectic paradigm," location-specific benefits play a significant role in describing the motivation behind and course of foreign direct investment.
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All employers in the U.S. Pay "payroll taxes" on behalf of employees. The Medicare portion of this is 1.45% of pay. If an employee makes $480 in a week, how much does the employer contribute for Medicare?
Answers
Answer: $6.96
Explanation:
Weekly earning = $480
Medicare tax rate = 1.45%
1.45% = (1.45/100) = 0.0145
Medicare contribution = Medicare tax rate × weekly earning
Medicare contribution = 0.0145 × $480 Medicare contribution = $6.96
The employees weekly contribution that is apportioned for Medicare is $6.96
Answer:
$7.10 USD
Explanation:
If the Employer is paying 1.48% of the employees paycheck to Medicare on their behalf then in order to calculate the actual amount we must first change the percentage into a decimal by dividing it by 100.
1.48 / 100 = 0.0148
Now that we have the percentage as a decimal we multiply it by the amount that the employee made that week, which in this case is $480
480 * 0.0148 = 7.104
Therefore we can see that $7.10 USD goes to medicate this week.
Sydnee would like a chart to appear once in her report, but she is having trouble making this occur. She does not understand why the chart is showing multiple times in the report. What is most likely causing the problem?
The chart is placed in the header and footer of a database.
The chart is placed in the field of a database.
The chart is placed in a database with one group.
The chart is placed in a database with five groups.
Answers
Answer:
The chart is placed in a database with five groups.
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PLEASE HELLPP!!!!’Hurrryyyy
Answers
Answer:
I thinkMARKETING MANAGEMENT
HOPE IT HELPEDWhat is the checking ledger used for?
A. To save money.
B. To record deposits to savings.
C. To record checks I write.
Answers
Answer:
B
Explanation:
The answers is B Its used to keep track
Hi, there! I'm Noya! <3
I'm here to help you Comprehend this question better and get the right answer. ^^
Answer:
B. To record deposits to savings.
Explanation:
A Checking ledger is used to help keep track of all transactions in the checking account, plus deposits and withdrawals.
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Please help!
a) Beatrice lives in a small town of 5,000 people. There are 1,500 people under the age of 16,
500 people who are retired, 2,750 people who have jobs, and 250 people who are actively
looking for work. What is the unemployment rate of Beatrice's town?
Answers
Answer:
8.33%
Explanation:
250 unemployed people looking for work / 3000-member labor force = 0.0833
3000 = 5000 (the population) minus 2000 (those who aren't part of the labor force; aka the kids and retirees)
Abbey Co. sold merchandise to Gomez Co. on account, $25,700, terms 2/15, net 45. The cost of the goods sold was $14,731. Abbey Co. issued a credit memo for $3,100 for merchandise returned that originally cost $1,458. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co. on the above transactions?
Answers
Answer:
Abbey Co.
Amount of gross profit earned by Abbey Co:
Net Sales = $22,600
Cost of goods sold 13,273
Gross profit $8,327
Explanation:
a) Data and Calculations:
Sales = $25,700
Sales returns = 3,100
Net Sales = $22,600
Cost of goods sold = $14,731
Inventory returned 1,458
Adjusted cost of goods sold $13,273
The gross profit is a function of sales revenue and cost of good sold. It is the first profit that is determined in the income statement. It tells the efforts of management to turn sales revenue into some profits, which will be used to offset the period's expenses before the net income could be arrived at.
Your working with an experienced acciate
Answers
When working with an experienced associate who insists on completing a task a certain way, but you know there is a more efficient method, it's important to approach the situation with respect and open-mindedness. Here are a few steps you can take:
Listen to their reasoning: Start by asking your associate to explain their thought process behind their preferred method. This shows that you value their opinion and expertise, and it may also provide insights that you hadn't considered.
Present your alternative method: Once you've heard your associate's perspective, share your own. Explain the benefits of your method and why you believe it would be more efficient.
Collaborate on a solution: Instead of approaching the situation as if there's only one right way to do things, try to find a middle ground that incorporates the best aspects of both methods. This may involve some compromise, but it can lead to a better overall solution.
Test both methods: If possible, test both methods to see which one is truly more efficient. This can be done by tracking the time it takes to complete the task, the accuracy of the results, or any other relevant metrics.
Respect their expertise: Even if your method ends up being more efficient, it's important to acknowledge your associate's experience and knowledge. Thank them for their input and let them know that you value their expertise.
By following these steps, you can work collaboratively with your associate to find the best possible solution while still respecting their experience and knowledge.
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You are working with an experienced associate. He insists on completing a task a certain way, but you know there is a more efficient method.
You intend to purchase a 10 year ,10000 face value bond that pays interest of 800 every six months.If your norminal annual required rate of return is 10 percent with semi-annually compounding ,how much should you be willing to pay for this bond ? What's the current yield
Answers
Answer:
Market price = $13,738.49
Explanation:
The yield to maturity of the bond is 8% x 2 = 16%
You require a 10% return, so the present value of the bond should be:
PV of face value = $10,000 / (1 + 5%)²⁰ = $3,768.89
PV of coupon payments = $800 x 12.462 (PVIFA, 5%, 20 periods) = $9,969.60
Market price = $13,738.49
Hi guys! 40 points!
I would appreciate some help on this one, I'm stumped lol.
What are some ways to encourage companies to get involved in exporting? Would exporting necessarily lead to a favorable balance of trade?
Answers
Answer:
1. Give companies the idea that they have an advantage in certain foreign markets and that they can earn a lot of money from this. Companies that make good business with exporting goods also earn them a reputable reputation.
2. If the exports of a country exceed its imports, the country is said to have a favourable balance of trade, or a trade surplus. Conversely, if the imports exceed exports, an unfavourable balance of trade, or a trade deficit, exists.
Explanation:
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Which of these describes information that can appear in a consumer’s credit report?
A. The name of a company that gave the consumer a car loan two years ago
B. The amount of money that the consumer loaned to a family member
C. The amount of money the consumer will need to borrow in the next five years
D. The name of a store where the consumer pays cash for all purchases
Answers
Answer:
A. The name of a company that gave the consumer a car loan two years ago
Explanation:
A credit report is the statement that contains the information related to your credit activity & the present credit situation like history of loan payment, the status of your credit accounts. This would help lenders to use these reports whether they will give you loan and if they are agree than what rate of interest they would offer you
So according to the given situation, the option A is correct
When there is too much "printing of money/monetization", and too severe a currency devaluation (which are reflationary) relative to the amounts of the other three alternatives in deleverasging what can happen? is this good or bad? why?
Answers
Deleveraging refers to the process of decreasing outstanding debt levels in an economy, which may be achieved through different means such as increasing taxes, reducing government spending, and increasing interest rates.
It is important to note that there are four alternatives in deleveraging, which include reducing outstanding debts, increasing the size of the economy, deflation, and currency devaluation. it could lead to an increase in inflation, which would be bad for the economy.
Inflation could lead to an increase in prices of goods and services, which would lead to a decrease in the purchasing power of money. As a result, people would have to spend more money to buy goods and services.In addition to inflation, too much printing of money and currency devaluation could lead to a decrease in the value of the currency.
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Controls are designed to mitigate risk and provide reasonable assurance about the achievement of an organization objectives with respect to.
Answers
The achievement of an organization objectives In control is with respect to the operations, reporting and compliance.
What is a Control?This refers to a process that is effected by an entity's board of directors, management, and other personnel.
This process is designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance.
Therefore, the achievement of an organization objectives In control is with respect to the operations, reporting and compliance.
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The balance in retained earnings equals all net income, less all dividends, since the company began operations.
a. trueb. false
Answers
The balance in retained earnings equals all net income, less all dividends, since the company began operations.is true.
What is represented by the retained profits balance?The amount of profit a business keeps after paying all of its direct and indirect expenses, income taxes, and dividends to share holders is known as retained profits. This is the percentage of the company's equity that may be utilized, for example, to fund the purchase of new machinery, research and development, and marketing.Although these two words are similar, they are not the same. The amount left over after deducting expenses from revenue is known as net income. Retained earnings, on the other hand, are the remaining net income after dividend payments.To learn more about retained earnings refer to:
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