Answer: $6,040
Explanation:
To find out Robin’s allowable itemized deduction for interest paid we ADD the interest paid on the acquisition debt which is her Allowed Deductible Interest to the points that she obtained in the Initial Mortgage.
This figure is what she is allowed to deduct.
Calculating that would be,
= 4,440 + 1,600
= $6,040
Robin’s allowable itemized deduction for interest paid is $6,040.
Note that Closing costs are not Deductible but are instead added to the basis of the house.
Answer:
31-Aug-22
Dr Bank Account 60
Cr Interest Received for the month of Aug22 60
31-Aug-22
Dr Sundry Creditors 360
Cr Bank Account 360
31-Aug-22
Dr Bank Charges Dr 105
Cr Bank Account Cr 105
Explanation:
Preparation of the adjusting entries to be made by Sage Hill Inc. at August 31
31-Aug-22
Dr Bank Account 60
Cr Interest Received for the month of Aug22 60
(To record Interest earned)
31-Aug-22
Dr Sundry Creditors 360
Cr Bank Account 360
($400-40)
(To correct error in recording check)
31-Aug-22
Dr Bank Charges Dr 105
Cr Bank Account Cr 105
($65+40)
(To record service charge and safety deposit box fee)
Answer:
Explanation:
1. No effect. The GDP is the total value of goods and services produced in a country in a specific period of time. If we are talking about US GDP, the purchase of a Belgium chocolate would not affect it.
2. Effect on investment. In spite Honda is a Japanese enterprise, it is producing in the United States. The GDP, is the value of all goods and services produced in country.
3. Effect on investment. Purchase of new housing affects the count of investment (not consume).
4. Affects consume. Because the air-conditioner was produced in the US.
5. Affects consume. They paid an accountant for a service produced in the U.S
6. Effect in government expenses. The salary for these workers is paid by the government, specifically the subdivision of New York.
7. Effect in government expenses. These economic benefits are paid by the government and no other private entities.
Answer:
Exports
Explanation:
In the Great Depression, spending on U.S. exports was reduced by foreign countries as well as U.S. spending on their products which made the downward spiral even worse on a global basis.
The Great Depression caused consumer spending to decline and investment fell drastically which led to steep industrial output declines.
Answer:
B. He could take deep breaths and then respond nonjudgmentally is the correct answer.
Explanation:
