Look at the table below showing an example of a checkbook ledger.

Joshua and Ellen are married and file a joint return. Three individuals qualify as their dependents: their two children, ages 5

Helen [10]

Answer:

The Child tax credit would be $4,000 and the dependent tax credit would be $500.

Explanation:

There are 3 children, one age is 5 years and other is 6 months so both qualify for child tax credit and 3rd one is of 18 years, he will not qualify for child tax credit as it should be under 17. Therefore, he must be dependent.

Child tax credit would be computed as:

As one child age is 5 years and other one is 6 months, so both are eligible under the child tax credit. So, the Child tax credit per qualifying child is $2,000

As the combined income is $68,000 which is less than the threshold limit of $200,000. Therefore, the full credit will be claimed.

In this case, there are two child. Therefore,

= $2,000 × 2

= $4,000

For dependent, the tax credit amounts to $500

5 0

3 years ago

Orson takes harrison's car without harrison's permission and without just cause. orson has probably committed the tort of conver

Verdich [7]

Orson has probably committed the tort of conversion unless he can show that "Harrison does not really own the car."

Conversion is an intentional tort comprising of taking with the goal of practicing over the property a proprietorship conflicting with the genuine proprietor's privilege of possession". In the United Kingdom, it is a tort of strict liability. Its counterparts in criminal law incorporate robbery or burglary and criminal change. In those wards that remember it, criminal transformation is a lesser wrongdoing than burglary/theft.

3 0

4 years ago

Dinklage Corp. has 6 million shares of common stock outstanding. The current share price is $84, and the book value per share is

Law Incorporation [45]

Answer:

(a). Book value of equity is (6,000,000 * $5) = $30,000,000

Book value of debts ($145,000,000 + $130,000,000) = $275,000,000

Total book value of the corporation ($30,000,000 + $275,000,000) = $305,000,000

Weight equity ($30,000,000 / $305,000,000) = 0.0984

Weight debts ($275000000 / $305000000) = 0.9016

Equity / Value = 0.0984

Debt / Value = 0.9016

(b). Market value of equity is (6,000,000 * $84) = $504,000,000

Market value of debts ($145,000,000 * 0.95) + ($130,000,000 * 1.07)

= ($137,750,000 + $139,100,000)

= $276,850,000

Total market value of the corporation ($504,000,000 + $276,850,000) = $780,850,000

Weight equity ($504,000,000 / $780,850,000) = 0.6455

Weight debts ($276850000 / $780850000) = 0.3545

Equity / Value = 0.6455

Debt / Value = 0.3545

(C). Answer is Market value . As we know that market value weights are more relevant because such weights are on the basis of the prevailing market prices, hence such weights will show more accurate picture of the capital structure.

7 0

3 years ago

"Jason likes to drink a particular brand of soda and has been drinking that brand of soda for the last ten years. Lately, one of

Vedmedyk [2.9K]

Answer:

Variety seeking

Explanation:

Variety seeking buying behavior refers to consumer behavior wherein, a consumer seeks different kinds of goods and substitutes and prefers variety rather than sticking to one particular product.

Variety seeking consumers don't mind switching from one product to another since they tend to get bored quickly by consuming the same product time and again. Such consumers lack product loyalty and don't forge high involvement or association with any product.

Such behavior is prominent in case of products which don't have significant differences in the quality.

In the given case, Jason has been drinking a particular soda brand for a considerable length of time. Yet, when a new brand emerges and gains popularity, for no valid reason he wants to give it a try. This behavior is variety seeking behavior.

6 0

3 years ago

According to the Not Too Big Enough article, what are some of the sources of scale economies in

Svet_ta [14]

According to the "Not Too Big Enough" article, some of the sources of scale economies in the banking and finance industry are as follows:

1. Bigger banks can spread their investment (fixed) costs over more output, thereby reducing the cost per unit and making it impossible for smaller banks to compete in the market. Most often, the smaller banks cannot afford investments in modern banking computing power and systems management.

2. Bigger banks can consolidate banking functions with the elimination of redundancies after each merger and acquisition. The cost of redundancies also gives them economies of scale.

3. Bigger banks have access to larger pools of deposits and will not engage in borrowing at higher costs. Smaller banks cannot tow this line because of their small scale, lacking the required funding mix.

4. Finally, advertising works best where a bank has a large geographic spread. The cost of advertising over a large area is worth it, unlike when a small bank markets its services by advertising.

2. These economies of scale mean that Oligopolies are increasing on Wall Street, and there will be further consolidations of smaller banks. Of course, every small bank would like to engage in mergers and acquisitions to grab a share of the scale economies.

Thus, as banks grow large, they should be mindful that enjoying the scale economies comes with the risk of crumbling like the banks regarded as "too big to fail" when they build on a pack of cards.

Learn more: brainly.com/question/3156270

7 0

3 years ago