Business, 22.11.2019 02:31 341404143

Joe operates a business that locates and purchases specialized assets for clients, among other activities. joe uses the accrual method of accounting but he doesn’t keep any significant inventories of the specialized assets that he sells. joe reported the following financial information for his business activities during year 0.
determine the effect of each of the following transactions on the taxable business income. (select "no effect" from the dropdown if no change in the taxable business income.)
a. joe has signed a contract to sell gadgets to the city. the contract provides that sales of gadgets are dependent upon a test sample of gadgets operating successfully. in december, joe delivers $13,950 worth of gadgets to the city that will be tested in march. joe purchased the gadgets especially for this contract and paid $9,750.
no effect? amount of deduction? amount of income ?

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 18:30

Which of the following is located at the point where the supply and demand curves intersect? a. the equilibrium price. b. the minimum supply. c. the level of efficient production. d. the maximum demand. 2b2t

Answers: 1

Answer

Business, 22.06.2019 03:50

John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is:

Answers: 1

Answer

Business, 22.06.2019 11:40

You are a manager at asda. you have been given the demand data for the past 10 weeks for swim rings for children. you decide to run multiple types of forecasting methods on the data to see which gives you the best forecast. if you were to use exponential smoothing with alpha =.8, what would be your forecast for week 22? (the forecast for week 21 was 1277.) week demand 12 1317 13 1307 14 1261 15 1258 16 1267 17 1256 18 1268 19 1277 20 1277 21 1297

Answers: 3

Answer

Business, 22.06.2019 14:00

Which of the following would be an accurate statement about achieving a balanced budget

Answers: 1

Answer

You know the right answer?

Joe operates a business that locates and purchases specialized assets for clients, among other activ...

Questions