Answer:
She can deduct the full $120,000. the answer is $120,000.
Explanation:
Therefore, M is following cash basis of accounting , She can deduct the full $120,000 amount. Under cash system, expenses are recorded when cash is paid irrespective of whether it is accrued or not.
A) because that is they only one that actually makes sense
<span>The ending equity is $315,000
This is just a matter of adding income and subtracting withdraws. So let's do it.
"Cragmont has beginning equity of $277,000,"
x = $277000
"net income of $63,000"
x = $277000 + $63000 = $340000
"withdrawals of $25,000"
x = $340000 - $25000 = $315000</span>
Answer:
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Answer:
The present value of the annuity is $ 825.02
Explanation:
The present value of the annuity is the today's worth of the thirty annuity payments.
Each of the annuity payment is multiplied by its discount factor,for instance the discount factor for the first payment is computed thus
=$15*(1/(1+6%/12)^1=$14.93
The 6% interest rate is divided by 12 months to show a monthly rate of return find attached.