Teachers at the kindergarten through high school level may deduct up to $225 of education supplies and materials cost each year ($400 married filing jointly).

a. True

b. False

As governments downsize, they often contract with private companies to perform what was once considered to be the traditional work of government.

A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life of four years. The company uses straight-line depreciation. Calculate its book value at the end of year 3

Which of the following does not motivate entrepenuers

Marvel Woodcraft makes furniture. Marvel's expected sales are 20,000 bookcases for the quarter. The company begins the quarter with inventory of 3,000 bookcases and wants to have enough finished bookcases on hand at the end of the quarter to provide

The real interest rate tells you a. how fast the real purchasing power of your bank account rises over time b. the number of dollars in your bank account today c. how fast the number of dollars in your bank account rises over time d.

Rexeleg Company manufactures a product with the following costs per unit at the expected production of 40,000 units: Direct materials $5 Direct labor 10 Variable overhead 7 Fixed overhead 9 The company has the capacity to produce 50,000 units.

Here are selected data for sally day corporation: beginning raw materials inventory $37,000 beginning work in process inventory 61,500 beginning finished goods inventory 56,300 cost of materials purchased 151,000 cost of direct materials

How to find out how much your social security will be?

John is a young entrepreneur. He wants to insure his business. Why does he prefer an online insurance application facility?

Oriole Inc. reported total assets of $2407000 and net income of $324000 for the current year. Oriole determined that inventory was overstated by $25500 at the beginning of the year (this was not corrected).