Answer:
Deductible Interest is $11,250
Explanation:
Compute at the amount of $750,000 the interest Amy could deduct as follows:
Since the interest on loan secured by home could be deduct on the first $750,000 borrowing amount. Hence,
Deductible Interest = Interest Paid × ($750,000 / Loan Secured by income)
Deductible Interest = $12,000 × ($750,000 / $800,000)
Deductible Interest = $11,250
Hence, the Amy could deduct interest on borrowing $11,250
Based on financial analysis, the importance of thoroughly checking your SAR is that "possessing an accurate SAR gives individuals the high tendency of earning a financial aid award."
Generally, the financial aid awards depend on the accurate details given in the SAR report.
However, should there be an error in the SAR report, here is the step you can take:
Either you correct or update your Free Application for Federal Student Aid, often referred to as FAFSA form.
The FAFSA form can be filled online.
SAR is an acronym for Student Aid Report.
Hence, in this case, it is concluded that SAR information is crucial for students that need financial aids.
Learn more here: brainly.com/question/24801462
Answer:
1. a. Callie =$375,000
b. Neil $25,000
2. Equal
Explanation:
The computation of given question is shown below:-
1. Adjusted Callie contribution = $300,000
Neil contribution = $100,000 × 50%
= $75,000
Callie basis in partnership interest after the formation = $300,000 + $75,000
= $375,000
Adjusted Neil contribution = $100,000
Neil contribution = $100,000 × 50%
= $75,000
Neil basis in partnership interest after the formation = $375,000 - $75,000
= $25,000
2. Equal or in Profit-Loss Sharing Ratio
In the profit - loss sharing ratio or equal when debt is allocated between the two partners
Answer:
b. 51,429 units
Explanation:
If x = Number of units
Net Income = Sales Revenue - Variable Cost - Fixed Cost
or
Net Income = Contribution Margin - Fixed Cost
where,
Net Income = $80,000
Contribution Margin per unit = $3.50
Fixed Cost = $100,000
Contribution Margin = Net Income + Fixed Cost
$3.50x = $80,000 + $100,000
$3.50x = $180,000
Dividing the above equation by $3.50 we get
x = $180,000 / $3.50
x = 51,429 units
Hence 51,429 number of units must be sold to generate the net income of $80,000.
Answer:
$977.93
Explanation:
This is a coupon paying bond. Using a financial calculator, input the following;
Time to maturity; N = 15
Coupon payment; PMT = 7.25% *1000 = 72.5
Face Value; FV = 1,000
Annual interest rate; I/Y = 7.5%
then compute the price of the bond, a.k.a present value; CPT PV = 977.93
Therefore, the price of the bond today is $977.93
