Answer:
A. under the minimum contracts test.
Explanation:
Minimum contract test is a procedure that a court could do in order to determine a jurisdiction for a certain case. This most likely done when one of the party resided in a different state.
In Most business transactions, minimum contracts tend to favor the sellers/producers' state as the main jurisdiction. (In this case, Alabama)
This happen because one producer can to sell their products to customers nationwide. This made the producers became a potential target of lawsuits from people in different states. Since It is almost impossible for that one company to cater to the law of different state, the company's location tend to be favored as the jurisdiction.
Answer:
The elasticity of Diet Pepsi rose, and its ability to raise revenues through price increases fell.
Explanation:
When a good has very close substitutes, like Diet Pepsi does with respect to Diet Coke, said good has a elastic price elasticity of demand, because the quantity demanded of it falls proportionally more than an increase in price since consumers turn to the substitute good when said good becomes more expensive.
If the price of Diet Pepsi rises, people can simply buy Diet Coke, potentially reducing revenue for Pepsi even more, despite the price increases.
Complete Question:
A sole proprietor with a tentative loss may deduct which of the following for qualified business use of home expenses?
a. depreciation
b. mortgage interest
c. rent
d. Utilities
Answer:
b. mortgage interest
Explanation:
The sole proprietor with a tentative loss may deduct expenses for mortgage interest, mortgage insurance premiums, and real estate taxes under the normal rules. The sole proprietor is not allowed to deduct other expenses that are normally tax-exempt expenses, including depreciation, rent, and utilities. The amount to be deducted for mortgage interest should not exceed the percentage for business use.
Answer:
$2,933.40
Explanation:
For computing the owed amount, first we have to compute the daily rate per day which is shown below:
= Rent received ÷ number of days in a month
= $4,400 ÷ 30 days
= 146.67 per day
We know that the number of days in a month is 30 days and the landlord received a rent on December 10, so the remaining days would be 20 days ( 30 days - 10 days of march month)
Now the owed amount would be
= Remaining days × per day rate
= 20 days × 146.67
= $2,933.40
Answer:
$126
Explanation:
We can calculate the amount Mira can pay for the synthetic material per unit (refrigerator) and meet its profitability goal by deducting the estimated profit and then all the cost from the selling price per unit.
Selling price per unit $260
Less
estimated return (260x30%) = ($78)
Labor costs ($32)
Overhead costs ($24)
Material $126
Amount Mira can pay for Synthetic material per unit is $126
