Riva Borrows $10,000 That She Intends to Use for Purchasing

question 80

Multiple Choice

Riva borrows $10,000 that she intends to use for purchasing supplies for her business.She temporarily deposits the funds in her personal checking account.Prior to the deposit,the checking account held $40,000 of personal funds.Riva books a vacation for $6,000 and writes a check to the travel agency from her personal account.Later in the month,the business supplies bill arrives and Riva writes a check for $10,000 from the personal account.With respect to the interest expense on the $10,000 loan

• A)it will all be treated as trade or business expense.
• B)60 percent will be treated as personal interest expense and 40 percent as trade or business expense.
• C)it will all be treated as personal expense.
• D)20 percent will be treated as trade or business expense.

Explain the necessity of two nuclear divisions in meiosis.

Understand the process of mitosis and its stages.

Describe the cell cycle control mechanisms and the role of protein phosphorylation.

Understand the therapeutic communication techniques appropriate for individuals experiencing loss, grief, or trauma.

---

Definitions:

DOL

Degree of Operating Leverage, a ratio that measures how sensitive a company’s operating income is to a change in its sales, indicating the volatility of earnings.

OCF

Operating Cash Flow, which measures the cash generated by a company's regular business operations.

Sales

The activities involved in selling goods or services to consumers or other businesses.

Sunk Costs

Costs that have already been incurred and cannot be recovered or altered by any present or future decisions.