The term product class refers to:_______

This year, Major Healy paid $40,000 of interest on a mortgage on his home (he borrowed $800,000 to buy the residence in 2015; $9

icang [17]

Answer:

$50,000

Explanation:

The computation of the interest expense for deduction is shown below:

= Interest on a mortgage on his home + Interest on a mortgage on his vacation home

= $40,000 + $10,000

= $50,000

All other information which is given in the question is not relevant for the computation part. Hence, ignored it

We simply add both types of interest related to a mortgage on the home

5 0

3 years ago

firms should emphasize the importance of consistently good customer service to its employees so that good customer service becom

ipn [44]

Firms should emphasize the importance of consistently good customer service to its employees in order that good customer service becomes a part of the organizational culture.

Organizational culture is that the collection of values, expectations, and practices that guide and inform the actions of all team members. consider it because the collection of traits that make your company what it's. a good culture exemplifies positive traits that result in improved performance, while a dysfunctional company culture brings out qualities that may hinder even the foremost successful organizations. Organizational culture affects all aspects of your business, from punctuality and tone to contract terms and employee benefits. When workplace culture aligns together with your employees, they’re more likely to feel softer, supported, and valued. Companies that prioritize culture may also weather difficult times and changes within the business environment and are available out stronger.

Learn more about Organizational culture.

brainly.com/question/16049983.

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6 0

1 year ago

If $13,000 is borrowed at 5.8% simple interest for 10 years, how much interest will be paid for the loan

Anni [7]

Answer:

7,540

Explanation:

Principle is $13,000

Rate is 5.8%

Time is 10 years

Therefore the simple interest can be calculated as follows

= principle × rate × time

= 13,000 × 5.8/100 × 10

= 13,000 × 0.058×10

= 7,540

Hence the simple interest is 7,540

4 0

3 years ago

On June 1, Royal Corp. began operating a service company with an initial cash investment by shareholders of $3,900,000. The comp

ankoles [38]

Answer:

$7,500,000 $4,400,000

Explanation:

Accrual concept requires to record the income and expenses in the period in which they are incurred rather when these get paid.

Cash basis accounting records the transaction when it gets paid.

Service Income $7,500,000

Expenses $3,100,000

Cash Dividend $820,000

Cash Basis

Income Statement

For two month ended 31 July.

Service Income $7,500,000

Expenses $0 (Expenses been paid In August)

Net Income ($7,500,000)

Accrual Basis

Income Statement

For two month ended 31 July.

Service Income $7,500,000

Expenses $3,100,000

Net Income ($4,500,000)

3 0

3 years ago

Everyone likes to have Lydia working on their committees because she seems to have the unique ability to consider a variety of o

salantis [7]

Answer:

c. convergent thinking

Explanation:

Convergent thinking is the ability to think quickly about one or two good solutions to a problem, without needing to spend your time and thinking about it. This is especially important when it comes to decision-making processes. This is very different from a different idea, where you come up with a lot of possibilities

7 0

3 years ago

The term product class refers to:________.