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zepelin [54]
2 years ago
11

The estate of monique chablis earned $390 of income this year. is the estate required to file an income tax return?

Business
1 answer:
Tomtit [17]2 years ago
8 0

No, the estate of monique chablis does not required to file the income tax return.

Given that the income of monique chablis is $390.

We are required to find whether monique chablis is required to file the income tax return or not.

No, the estate of monique chablis is not required to file the income tax return because the income is less than $600.

Income tax is a direct tax paid by income earners to government.

Income tax return is nothing but the annual record of your income.

The person whose income exceeds the limit has to file income tax return and the limit is decided by the government.

Hence it is said that the estate of monique chablis not required to file income tax return.

Learn more about income tax at brainly.com/question/26316390

#SPJ4

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tia_tia [17]

Answer:

9.14%

Explanation:

The computation of the weighted average cost of capital is shown below:-

Debt = $500,000 × 1.02

= $0.51 m

Preferred = 40,000 × $34

= $1.36 m

Common = 104,000 × $20

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Total = $0.51 m + $1.36 m + $2.08 m

= $3.95 m

So, Weighted average cost of capital = ($2.08 ÷ $3.95 m × 0.11) + ($1.36 m ÷ $3.95 m × 0.08) + (($0.51 m ÷ 3.95 m × 0.07 × (1 - 0.34))

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= 0.091433

or 9.14%

Therefore for computing the weighted average cost of capital we simply applied the above equation.

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3 years ago
Connor Publishing's preferred stock pays a dividend of $1.00 per quarter, and it sells for $55.00 per share. What is its effecti
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Answer:

Please see the attachment  

Explanation:

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7 0
4 years ago
A company revealed the following figures: Sales revenue $2,240,000 Contribution margin $560,000 Net operating income $410,000 Ho
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Answer:

The company's margin of safety in dollars is $1,640,000 .

Explanation:

Margin of Safety is the amount in units or dollars by which sales may fall before a Company starts making a loss.

The first step is to calculate break even point  in dollar sales.

Break even point  in  dollar sales = Fixed Costs / Contribution Margin Ratio

Where,

Fixed Costs = Contribution margin - Operating Income

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Contribution Margin Ratio = Contribution margin ÷ Sales revenue

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Thus,

Break even point  in  dollar sales = $150,000 / 0.25

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Margin of Safety = Expect Sales - Break Even Sales

                            = $2,240,000 - $600,000

                            = $1,640,000

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