Answer:
$5,760
Explanation:
Calculation to determine How much interest revenue should Jaffe record from the lease for the year ended December 31, Year 4
First step is to calculate the carrying amount
carrying amount=$67,600-$10,000
carrying amount of $57,600
Now let calculate the interest revenue
Interest revenue =$57,600*10%
Interest revenue=$5,760
Therefore How much interest revenue should Jaffe record from the lease for the year ended December 31, Year 4 is $5,760
If Paddyland was a true market economy with no government interaction, then a scarcity of rice would mean that the price of rice would go up until the level of supply and demand evened out.
Answer: See Explanation
Explanation:
Your question isn't complete but let me help out. Let's assume that Scalpers bought the tickets for $90 each. To find profit, the formula to use is:
= Total revenue - Total cost
Total revenue will be:
= 8000 × $100
= $800,000
Total cost will be:
= 8000 × $90
= $720,000
Profit = Total Revenue - Total cost
= $800,000 - $720,000
= $80,000
Therefore, profit will be $80,000.
Answer:
Explanation:
In 2019, the gross income test is an official order that all dependents have no right to earn more than a given amount of income each year which is ($4200).
To compute the gross income for James Father, we have:
Description Amount
Gross income for rents $3000
Municipal Bond Interest 0
Dividend Income $1500
Social Security: 0
(since social security is exempted from the gross-income dependency test;
The total gross income = $4500
Thus, the gross income for James Father is $4500 as such he is not qualified to be dependent.
Answer:
3.82 times
Explanation:
The computation of times interest earned ratio is shown below:-
Bond Interest charges Earned = Bond Value × Interest Rate
= $1,459,536 × 8%
= $116,762.88
Net Income before Interest = Net Income Income Before Interest + Interest
= $328,796 + $116,762.88
= $445,558.88
Number of times bond interest charges were earned = Net Income before Interest and taxes ÷ Interest charges
= $445,558.88 ÷ $116,762.88
= 3.82 times