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Bumek [7]
2 years ago
15

Question 5 of 20

Business
1 answer:
leva [86]2 years ago
3 0

Answer:

OD is the answer because a liability can become an asset once paid

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Suppose when you are 21 years old, you deposit $1,000 into a bank account thatpays annual compound interest, and you do not with
Fofino [41]

Answer:

The difference between the two rates is $4,428.33.

Explanation:

When the interest is compounded, it is calculated over the value of the investment at the end of the previous year. So, value at year 1 will be 1,000*(1+rate). At second, it will be 1,000*(1+rate)*(1+rate), or 1,000 * (1+rate)^2.

If we extend the analysis, at year 44, the investment will be worth 1,000*(1+r)^44.

If rate is 5 percent, the result of the deposit is 1,000*1.05^44 = 8,557.15

If rate is 6 percent, the result of the deposit is 1,000*1.06^44 = 12,985.48

The difference is 4,428.33.

8 0
4 years ago
Compute the charitable contribution deduction (ignoring the percentage limitation) for each of the following C corporations.
blagie [28]

Answer:

a. Amber Corporation donated inventory of clothing (basis of $138,500, fair market value of $173,125) to a qualified charitable organization that operates homeless shelters.

  • charitable donations are valued at fair market value, in this case that equals $173,125

b. Brass Corporation donated stock held as an investment to Western College (a qualified organization). Brass acquired the stock three years ago for $70,800, and the fair market value on the date of the contribution is $113,280. Western College plans on selling the stock.

  • Again, we must use the fair market value to record donations, in this case = $113,280.

c. Ruby Corporation donates a sculpture held as an investment and worth $200,800 to a local museum (a qualified organization), which exhibits the sculpture. Ruby acquired the sculpture four years ago for $80,320.

  • use fair market once more, = $200,800

Explanation:

When you donate assets to qualifying charities, it is always better to do it by donating the itself, not selling it before and then giving the money. If you sell the asset, you will owe capital gains taxes (either long or short term). By donating the asset directly, you avoid capital gains taxes.

4 0
3 years ago
Suppose the government raises income taxes, so consumers have less take-home pay. this policy action will cause a(n)
lyudmila [28]
Hey <span>darwintoribio6449, thanks for submitting your question! 

The answer to your question is aggregate demand.

</span><span>Aggregate demand is the total </span>demand<span> for final goods and services in an economy at a given time. It specifies the amounts of goods and services that will be purchased at all possible price levels.

This is the </span>demand<span> for the gross domestic product of a country.
</span><span>
Please let me know if you need any help with anything else, have a good one!

</span>
5 0
3 years ago
An intangible asset
Rom4ik [11]

Answer:

a. derives its value from the rights and privileges it provides the owner.

Explanation:

The intangible asset are those assets that cannot be touched or seen that means it does not have any physical substance

In this, the amortization expenses are recognized.  

The intangible assets consist of patents, copyrights, goodwill, and other intellectual proprieties.        

Moreover, it is categorized on the asset side of the balance sheet

and the operating cycle contains only days inventory outstanding + days sale outstanding so the intangible asset does not relevant.

3 0
3 years ago
In recent years, a growing number of states have legalized marijuana for recreational purposes. Sales of marijuana are subject t
Aliun [14]

Answer:

Option B and C

Explanation:

In simple words, Because there is a substantial majority of the populace smoking weed, whether lawfully or unlawfully, the tax increase may be a significant stream of extra income for the country. The elasticity with such medications is usually known as inelastic.

Therefore, if the surcharge is brought up, there might be more earnings that the administration can receive after the intake has been legalized and also that income could lead to increased state expenditure in the nation.

5 0
3 years ago
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