Answer:
The maximum price we should be willing to pay for this IBM bond is $ 877.
Explanation:
The price of bond can be determine by discounting all future cashlows we will get from bond in form of interest payment or redemption amount using expected rate of return.
The detail calculation is given below.
Price = 1000 * Discount factor + annuity factor * 80
Price = 1000 * 0.386 + 80 * 6.145 = 878
Discount factor = (1+10%)^-10 = 0.386
Annuity factor = (1 - (1+10%)^-10)/10% = 6.145
Question options:
a) NeNe can exclude all of the housing payment because she worked more than 330 days overseas
b) 16,128
c) 23,872
d) 14,112
e) None of her salary can be excluded from gross income
Answer:
a) NeNe can exclude all of the housing payment because she worked more than 330 days overseas
Explanation:
US citizens working and living abroad would still have to remit taxes to the US, albeit with exclusions.
Under US tax law, IRS states that US citizens may deduct/exclude the value of meal and lodging expenses granted to them by the employer. Under the foreign housing exclusion, Nene qualifies for the benefits of housing exclusion because she has a foreign earned income and has lived at least 330 days within a period of 12 consecutive months in the foreign country.
<span>B. When the rent money coming in is more than the monthly mortgage, taxes, and maintenance, rental real estate is profitable.</span>
Answer and Explanation:
The accounting principles and the suggestions are shown below:
a. Business Entity Concept:
In this given situation, the amount of $500 should be refunded to the business or it can be recognized as the withdrawal amount by Cathy Miller. The suggestion is that She should use a personal check for paying daycare in the future for her son
b. Going Concern Concept:
Since the business is closed for month-long vacation in the month of June. As Cathy's Antiques is not closing the business for permanent. As she plans for reopening on July 1. The suggestion is that she should hold an inventory decline sale or for other relevant sales.
c. Monetary Unit Concept:
The invoice should be restated in the united states for the purpose of accounting
d. Revenue Recognition Concept:
The revenue should be recognized when it is realized or earned. As the table is not delivered so the revenue should not be recognized.
The amount of $1,500 should be recorded for an account like deposits received from the customers until the delivering of the table is not done
Answer: The correct answer is "a. Significantly negative impact on cost and schedule".
Explanation: The typical impact on a program's cost and schedule when unestable requirements lead to changes late in the system's development is the significantly negative impact on cost and schedule.
