Brooke owns a sole proprietorship in which she works as a management consultant. she maintains an office in her home where she meets with clients, prepares bills, and performs other work-related tasks. the home office is 300 square feet and the entire house is 4,500 square feet. brooke incurred the following home-related expenses during the year. unless indicated otherwise, assume brooke uses the actual expense method to compute home office expenses.

real property taxes $3,600
interest on home mortgage 14,000
operating expenses of home 5,000
depreciation 12,000
repairs to home theater room 1,000
required:

what amount of each of these expenses is allocated to the home office?
what are the total amounts of tier 1, tier 2, and tier 3 expenses, respectively, allocated to the home office?
if brooke reported $2,000 of schedule c net income before the home office expense deduction, what is the amount of her home office expense deduction and what home office expenses, if any, would she carry over to next year?

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.

Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?

Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.