The accumulation of home office expenses

Assignment Help Financial Accounting
Reference no: EM13967520

In the accumulation of home office expenses for the business use of a home results in a net loss for the year, the expense that is the last deduction taken and thus the first expense postponed to the next year is:

a. Mortage interest

b. Property Taxes

c. Deprisiation

d. Utilities

e. none of the above

Reference no: EM13967520

Questions Cloud

Restraining force in a force field analysis : Using the example of starting a new exercise program which of the following would be a restraining force in a force field analysis? A) Concern for health B)No regular exercise partner C) coworkers entering a 10k run D)dissatisfaction with appearance.
Design 64 fft using vhdl step by step : What is FFT? Design 64 FFT using VHDL, step by step.
Shipping alternative would be most economical to ship : Determine which shipping alternative would be most economical to ship 70 boxes of parts when each box has a price of $240 and holding costs are 33 percent of price, given this shipping information: overnight, $400, two-day, $280, six-day, $200.
Stockout risk for various levels of safety stock : A newspaper publisher uses roughly 850 feet of baling wire each day to secure bundles of newspapers while they are being distributed to carriers. The paper is published Monday through Saturday. Lead time is six workdays. What is the appropriate reord..
The accumulation of home office expenses : In the accumulation of home office expenses for the business use of a home results in a net loss for the year
What is average inventory level under this ordering policy : Fisher Price produces various high quality BPA-free plastic toys. The production process requires a special industrial chemical. Currently, annual demand for this chemical 2000 pounds. How many pounds of this chemical should Fisher Price order each t..
What is the probability of waiting in line : Sharp Discounts Wholesale Club has two service desks, one at each entrance of the store. Customers arrive at each service desk at an average of one every six minutes. What is the probability of waiting in line? How many customers, on average, are wai..
Investment opportunities and rates of return : First Securities, Inc., an investment firm, has $380,000 on account. The chief investment officer would like to reinvest the entire $380,000 in a portfolio that would maximize return on investment while at the same time maintaining a relatively conse..
What is the impact on the firms ordering policy : Henry Crouch's law office has traditionally ordered ink refills 65 units at a time. The firm estimates that carrying cost is 35% of the $9 unit cost and that annual demand is about 245 units per year. For what value of ordering would its action be op..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Customers icon on the customers and sales center allows

The Balance Sheet will report a company's financial position: The Income Statement's net income or (net loss) is also shown on the: The Customers icon on the Customers & Sales center allows you to: The order of activities on the statement of cash flo..

  What are the auditor responsibilities for inventory

what are the auditor’s responsibilities for inventory maintained in public warehouses or with other outside custodians? What risks do auditors face with these different locations where inventory is stored?

  What is their yield to call

How many years would it take $50 to triple if you invested it in a bank that pays 8.25% per year and What's the future value of $2,500 after 5 years if the appropriate interest rate is 7.5%, compounded semiannually?

  Total cost-variable and fixed-the product is outsourced

Ryan is debating whether to continue making 2,000 units of product A or to outsource the manufacture of this product. The total cost (variable and fixed) to Ryan to make Product A is $16 a unit. Ryan can buy Product A from the outside for $15 a unit...

  Assume the lessor is a manufacturer or dealer

For each of the following cases, assume the lessor is a manufacturer or dealer and that the leased asset cost the lessor $84,000. A lessor and lessee enter into a lease agreement whereby an 18 wheeler with a fair value of $130,000 and a useful life o..

  How much is net cash flow from financing activities

During 2011, Tommy's Toys reported the following: short-term borrowings of $419 million; long-term borrowings of $147 million; long-term debt repayments of $45 million; interest paid, $128 million; and treasury shares repurchased $632 million.

  Evaluate the calculation of final contract price

Evaluate the Calculation of Final Contract Price - What is the final contract price?

  Waht impact will these cost changes have on operating profit

Suppose that fixed costs for the year are 10 percent lower than projected, and variable costs per unit are 10 percent higher than projected. Waht impact will these cost changes have on operating profit for the year?

  Illustrate what is the effective annual interest rate

You can purchase the equipment through the dealer's finance company over time and it will cost an additional $12,000 in interest. Illustrate what is the effective annual interest rate you will be paying using each of the following methods?

  Managing rental property

Opened a business bank account with a deposit of $45,000 from personal funds.Purchased office supplies on account, $2,000.Received cash from fees earned for managing rental property, $8,500.

  Allocated to each of the production departments

Mandy's company allocates the net cost of the company human resources department to production departments using the direct method based on the number of employees in each department. what is the amount per employee that will be allocated to each of ..

  Prepare an income statement for the year

Prepare a Supporting Schedule of Costs of Goods Manufacturing for the year ended 31 st December, 2009. Prepare an Income Statement for the year ended 31 st December, 2009.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd