John paid $300,000 for a very old guitar that belonged originally to an accomplished musician. Since John is also extremely talented and is blessed with an amazing voice, he not only believes this guitar to be a great investment, but intends to play it at local eating and drinking establishments. John has now asked you whether he can deduct this guitar as a business use asset. What would you advise him, and why or why not

Money from an allowance or job is known as .

Increases in output and increases in the inflation rate have been linked to

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.