Answer:
- Divorce after 2020 = Alimony is $0
- Divorce before 2020 = Alimony is $12,000
Explanation:
If the divorce occurred before 2020 then the spouse paying the alimony can deduct it from their taxes and the person receiving it has to include it in their income. If the divorce of Jake and his spouse was before 2020, he will be able to include the full $12,000 as a deduction.
In 2020, new regulation came into effect that meant that couples divorcing from thence will not be able to deduct alimony so Jake's deduction would be $0 if they divorced in 2020 and onwards.
D) an individual purchases a brand new car to drive
<u>Calculation of Bvi corporation's payout ratio for 2014:</u>
The formula to calculate the Payout ratio is as follows:
Payout Ratio = (Total Divided Paid / Net Income)*100
Bvi corporation's payout ratio for 2014 can be calculated as follows:
Payout Ratio = (Total Divided Paid / Net Income)*100
= (400000/1600000)*100
= 0.25*100
=25%
Hence, Bvi corporation's payout ratio for 2014 is <u>25%</u>
Answer:
Retail Innovation
Explanation:
Retail innovation has to do with improvements that heightens customer experience and satisfaction by providing tangible value for customers because it offers something new in the field of technology, services, products or business systems.
IKEA’s "ready to assemble" furniture and fixtures transformed retail shopping; and Nike's allowance of online customers to design their own shoes; are all examples that illustrate retail innovation.
Retail innovation has changed the way consumers connect with brands, Beginning from social shopping, voice-based commerce or drone deliveries; companies are now using technology tools to differentiate their brands and transform the retail experience of their customers.
Average daily balance method a common method to calculate finance charges.
<u>Explanation:</u>
One of the most common ways through which the financial institutions for example the credit card companies calculate the financial charges that are to be paid by their customers and clients is the average daily balance method of the credit..
If this is the method used by your financial company also then you can reduce the financial charges that you have to pay by paying off the financial balance earlier than the billing cycle.