subject
Business, 27.03.2020 22:20 oliviahopebigel

On November 1 of year 0, Jaxon borrowed $34,000 from Bucksnort Savings and Loan for use in his business. In December, Jaxon paid interest of $3,060 relating to the 12-month period from November of year 0 through October of year 1 How much interest, if any, can Jaxon deduct in year 0 if his business uses the cash method of accounting for tax purposes?

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 23:30
Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.
Answers: 1
question
Business, 22.06.2019 13:00
Amajor advantage of case studies is
Answers: 2
question
Business, 22.06.2019 17:10
Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?
Answers: 1
question
Business, 22.06.2019 19:50
The common stock and debt of northern sludge are valued at $65 million and $35 million, respectively. investors currently require a return of 15.9% on the common stock and a return of 7.8% on the debt. if northern sludge issues an additional $14 million of common stock and uses this money to retire debt, what happens to the expected return on the stock? assume that the change in capital structure does not affect the interest rate on northern’s debt and that there are no taxes.
Answers: 2
You know the right answer?
On November 1 of year 0, Jaxon borrowed $34,000 from Bucksnort Savings and Loan for use in his busin...
Questions
question
Social Studies, 17.07.2019 00:00
question
Mathematics, 17.07.2019 00:00
Questions on the website: 13722363