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Sherry rents her vacation home for 6 months and lives in it for 6 months during the year. Her gross rental income during the year is $4,000. Total real estate taxes for the home are $950, and interest on the home mortgage is $3,000. Annual utilities and maintenance expenses total $1,800, and depreciation expense is $4,500. Calculate Sherry's net income from the vacation home for this tax year.
in a factory components a and b are weekly used as follows normal usage - 150units maximum usage - 225nits minimum
oconnor company ordered a machine on january 1 2012 at a purchase price of 40000. on the date of delivery january 2
The service unit or output for this department is the number of procedures performed. A static budget was prepared at the beginning of the year. You are now tasked with examining that budget in relation to actual experience.
Remy's lawyers were successful, and the remaining years of benefit from the patent were estimated to be six years. The patent amortization expense for 2014 is
Journalize each transaction of Showtime Amusements as shown for July 1. Explanations are not required -
Discuss the advantages and disadvantages of at least two (2) forms of business structures. Make a recommendation regarding the structure your friend or relative should use based on this particular venture.
what are debits and credits? how are debits and credits employed to record business transactions? why do accountants
antonio is single and has a taxable income of 150000 without considerin the sale of a capitl asset land held for
please help me figure out the problems below1. on december 2 2013 leggs purchased land and building for 380000 the land
ahsan company makes 60000 units per year of a part it uses in the products it manufactures. the unit product cost of
Graff Company has cash of $40,000, net accounts receivable of $90,000, and net sales of $720,000. Last year's net accounts receivable were $70,000. Compute the following ratios.
1) Discuss how level of activity is measured in manufacturing, merchandising, and service firms.
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