Business, 27.02.2020 20:46 fredvales19
Richard operates a hair styling boutique out of his home. The boutique occupies 420 of the home's 1,200 square feet of floor space. Other information is as follows:
Gross income from the boutique $10,000
Supplies for the boutique $ 2,400
Depreciation on total residence $12,000
Utilities for total residence $ 6,000
What amount of income or loss from the boutique should Richard show on his return?
a.$3,500 income
b.$1,300 income
c.$0 income or loss
d.$10,400 loss
e. None of these choices are correct.
Answers: 2
Business, 22.06.2019 09:00
Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?
Answers: 2
Business, 23.06.2019 07:30
What criteria does a company have to meet to be considered a monopoly?
Answers: 2
Business, 23.06.2019 07:50
One cost-of-living indicator available on the internet shows that a salary of $40,000 in santa barbara, california, is equivalent to $14,000 in wichita, kansas. this is primarily because of housing, which is much less expensive in wichita. what does this difference say about how the federal government calculates poverty?
Answers: 3
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