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2 years ago

Hi, Sierra,

Business

1 answer:

hichkok12 [17]2 years ago

5 0

Answer:

Question requires that you find five sentence fragments, one dangling modifier, one passive-voice sentence, and one parallelism fault.

Sentence Fragment

A sentence fragment is so because it is either missing a subject, or a verb, and/ or a complete thought. It is therefore an incomplete sentence.

5. Although no clear line separates fun from profit or a hobby from a business.
12. If you spend eight or more hours a day trading on eBay.
17. If you spend $5 for a garage sale vase and sell it for $50.
18. The IRS would probably consider this a business transaction.
20. Even for eBay sellers who are just playing around. (not a proper sentence)

Dangling Modifier

Attempts to modify an unclear word in the sentence

19. All profits are taxable.

It is unclear what profits the sentence alludes to.

Passive-voice sentence

In Passive voice, the subject of the text is the one that is being acted upon.

13. The IRS would tend to think you are in a business.

Parallelism Fault

This occurs when the sentence is not grammatically parallel. In other words the sentence does not follow as it is not using the same structure.

3. As you are probably already aware, you can use eBay or one of the other sellers to clean out your closets or to run a small business.

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This year Riley files single and reports modified AGI of $76,000. Riley paid $1,200 of interest on a qualified education loan. W

sleet_krkn [62]

Solution and Explanation:

As per the income tax, if the income of a single taxpayer lies in the range of $65000 and $80000, the taxpayer is elgibile for a prtial deduction on his/her education on loan interest.

The partial interest deduction amount is calculated as follows:

Partial interest deduction allowed = $\text { Interest expense } *(\$ 80000-\mathrm{AGI} / \$ 80000-\$ 65000)$

$=\$ 1200 *(\$ 80000-\mathrm{AGI} / \$ 80000-\$ 65000)$

$=\$ 1200 * \{(580000-\$ 76000 / \$ 80000-\$ 65000)}$

$=\$ 1200 * \$ 4000 / \$ 15000$

= $320

Therefore, the allowed interest deduction in this case is $320.

4 0

2 years ago

C&A sells T-shirts for $20 that cost $5 to produce. The annual holding cost percentage is 10% and the T-shirts turn 25 times

ad-work [718]

Answer:

$0.02

Explanation:

C&A sells T-shirts for $20 that cost $5 to produce

The annual holfing cost percentage is 10%

The T-shirts turn 25 times a year

The first step is to calculate the holding cost

= $5 × 10/100

= $5 × 0.1

= 0.5

Therefore, since the T-shirts turn over 25 times a year then, the holding cost that C&A incurs for each T-shirts can be calculated as follows

= 0.5/25 times

= $0.02

Hence C&A incur a holding cost of $0.02 for each T-shirts

4 0

2 years ago

The unit price of a 128-ounce jug of milk is 4.8 cents per ounce. A 64-ounce carton of milk has a unit price of 5.1 cents per ou

marshall27 [118]

Answer: The awnser is $0.38

8 0

2 years ago

Read 3 more answers

On October 31, 2018, Damon Company’s general ledger shows a checking account balance of $8,397. The company’s cash receipts for

Lesechka [4]

Answer:

1. Damon Company

Bank Reconciliation Statement

October 31, 2018

Bank Balance

Amount$

Bank cash balance as per statement 11,725

Add: Adjustment

Deposits outstanding 3,025

(74,320 - 71,295)

Bank error 300

Less: Adjustment

Check outstanding 1,485

(72,467 - 70,983)

Bank balance as per Reconciliation $13,567

Company's Cash balance

Amount$

Company's Cash balance as per General Ledger 8,397

Add: Adjustment

Interest earned 320

Note collected 5,000

Less: Adjustment

Bank service fees 150

Company's Cash balance as per Reconciliation 13,567

Hence, correct ending balance of cash as on december 31, 2016 is $13,567

2. Necessary entries to adjust the balance for cash.

Date Account Title and Explanation Debit Credit

31 Oct Cash $5,320

Notes Receivables $500

Interest revenue $320

(To record cash increase)

Date Account Title and Explanation Debit Credit

31 Oct Service charges $150

Cash $150

(To record cash decreases)

8 0

2 years ago

Management of Plascencia Corporation is considering whether to purchase a new model 370 machine costing $465,000 or a new model

Bond [772]

Answer:

Sunk cost = WDV of old machinery costing $431,000 - Any amount recovered.

Explanation:

Sunk cost is the cost that has actually been incurred and can not be avoided in any manner, currently while making both the decisions whether to buy model 220 machine or 370 machine we incurred the cost of dropping the old machinery of value of $431,000.

Therefore the book value of old machinery costing $431,000 is the sunk cost incurred in making the decision of buying new model.

In case any amount is recovered from sale of such amount then such amount recovered shall be deducted from the Written down value (WDV) of the old machinery and that will be our sunk cost.

Sunk cost = WDV of old machinery costing $431,000 - Any amount recovered.

5 0

2 years ago