Answer:
$64,000
Explanation:
In order to be deductible, a business expense must be both ordinary and necessary. Being ordinary means that it is a plausible expense for this business, since the expense in question is related to accounting services, it is ordinary. Being necessary means that the expense is the minimum required and is appropriate and helpful to the business. In this case, all of the expense was not required, therefore, only $64,000 (the reasonable market value for the services provided) are deductible.
Answer:
3200
Explanation:
im smart because i said so
Answer:
$1,666,666.67
Explanation:
This is a time value of money(TVM) question specifically, a perpetuity.
Use the formula for present value of perpetuity to solve it. It is as follows;
PV or perpetuity = Recurring cashflow / interest rate
PV = CF / r
Recurring annual cashflow ; CF = 100,000
rate; r = 6% or 0.06 as a decimal
PV = 100,000 / 0.06
PV = 1,666,666.667
Therefore, your parents will deposit $1,666,666.67 today
hi i think 528 i don't know have a nice day :)
My answer will be E all of the above. I hate credit card debit
