Answer:
First in, first out (FIFO)
Explanation:
In FIFO, the assets produced or acquired first are sold, used or disposed of first and may be used by an individual or a corporation. So , since the newer costs are more relevant , the oldest cost won't affect the ending valuation.
Whole life policies provide “guaranteed” cash value accounts that grow according to a formula the insurance company determines. Universal life policies accumulate cash value based on current interest rates. Variable life policies invest funds in subaccounts, which operate like mutual funds.
Answer:
65 percent
Explanation:
Given that,
Value of investment:
= Shares purchased × Price per share
= 500 × $33
= $16,500
Initial margin = Cash ÷ Investment
= $10,725 ÷ $16,500
= 0.65 or 65%
Therefore, the initial margin requirement on this particular stock is 65 percent.
Answer:
3.
2.
5.
4.
1.
Explanation:
A measure of process output divided by input that helps us determine the effectiveness of the process. 3. Productivity
A measure of process output divided by only one input of the many possible inputs required to make the desired output. 2. Single-Factor Productivity
The measure of process output divided by more than one input, where those inputs must be expressed in a common unit of measure, like dollars. 5. Multi-Factor Productivity
A measurement of the actual output relative to the standard output expected (effective capacity). 4. Efficiency
A measurement of the actual output relative to the optimal output expected (design capacity). 1. Utilization
Answer:
Since 2019, the deduction limit for interest expense deductions on qualified higher education loans is $2,500. In order to qualify for this deduction, the taxpayer's adjusted AGI must be less than $85,000 for single filers (Lionel's income is below the threshold).
So Lionel will be able to deduct $1,440 as interest expense (above the line deduction).
Lionel can also deduct $2,500 form the American Opportunity Tax Credit for higher education expenses.
