Mort is employed as brick layer. on the weekends, he also does some landscaping for several businesses and received five forms 1099-misc with amounts in box 7. he uses his van in his landscaping business to pick up supplies at various garden shops. his written record of his mileage shows that he drove the van 910 miles for this purpose. he used the van 25% for business in 2015 (910 business miles divided by 3,640 total miles). in 2015, mort paid $400 of interest on the van loan and he paid personal property tax of $200. how much of mort's loan interest and personal property tax can he deduct on his schedule c?

Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

Shrieves casting company is considering adding a new line to its product mix, and the capital budgeting analysis is being conducted by sidney johnson, a recently graduated mba. the production line would be set up in unused space in the main plant. the machinery’s invoice price would be approximately $200,000, another $10,000 in shipping charges would be required, and it would cost an additional $30,000 to install the equipment. the machinery has an economic life of 4 years, and shrieves has obtained a special tax ruling that places the equipment in the macrs 3-year class. the machinery is expected to have a salvage value of $25,000 after 4 years of use. the new line would generate incremental sales of 1,250 units per year for 4 years at an incremental cost of $100 per unit in the first year, excluding depreciation. each unit can be sold for $200 in the first year. the sales price and cost are both expected to increase by 3% per year due to inflation. further, to handle the new line, the firm’s net working capital would have to increase by an amount equal to 12% of sales revenues. the firm’s tax rate is 40%, and its overall weighted average cost of capital, which is the risk-adjusted cost of capital for an average project (r), is 10%. define “incremental cash flow.” (1) should you subtract interest expense or dividends when calculating project cash flow?