Business, 17.04.2020 19:01, justincsh7238

Charles owns a business with two separate departments. Department A produces $100,000 of income and Department B incurs a $60,000 loss. Charles participates for 550 hours in Department A and 100 hours in Department B. He has full-time employees in both departments.

a. If Charles elects to treat both departments as a single activity, he cannot offset the $60,000 loss against the $100,000 income.
b. Charles may not treat Department A and Department B as separate activities because they are parts of one business.
c. If Charles elects to treat the two departments as separate activities, he can offset the $60,000 loss against the $100,000 income.
d. If Charles elects to treat both departments as a single activity, he can offset the $60,000 loss against the $100,000 income.
e. None of the above.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 04:40, zayo8468

Who has summer school : ( because i do : (

Answers: 1

continue

Business, 22.06.2019 07:30, kennaklein2

When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates

Answers: 1

continue

Business, 22.06.2019 13:30, starlodgb1971

Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?

Answers: 3

continue

Business, 22.06.2019 21:00, thicklooney

You are given the following information about aggregate demand at the existing price level for an economy: (1) consumption = $400 billion, (2) investment = $40 billion, (3) government purchases = $90 billion, and (4) net export = $25 billion. if the full-employment level of gdp for this economy is $600 billion, then what combination of actions would be most consistent with closing the gdp gap here?

Answers: 3

continue

Do you know the correct answer?

Charles owns a business with two separate departments. Department A produces $100,000 of income and...