Answer:
$1,000
Explanation:
Donna purchased series of savings bond for $2,500 at the age of 25
This year Donna redeemed the bond of $5,000
She paid $3,000 as expenses for her daughter education
The first step is the calculate the interest income
= $3,000/$5,000 × $2,500
= 0.6 × $2500
= $1,500
Therefore the interest that will be required by Donna to include in her gross income this year can be calculated as follows
= $2,500-$1,500
= $1,000
Hence Donna is required to include an interest of $1,000 in her gross income this year
<span>Lost profits are consequential damages. Haddad is right that a buyer may not recover consequential damages that it could have prevented by cover. But Jewell-Rung offered legitimate reasons for not covering: the only Lakeland garments now available to it were those made by Olympic. Olympic would not sell a competitor the garments at reasonable prices. Further, Jewell-Rung could not rely on the quality of the garments manufactured by a different company. Jewell-Rung's failure to cover was reasonable and the company was entitled to prove its lost profits. Jewell-Rung Agency, Inc. v. Haddad Organization, Ltd</span>
The answer & explanation for this question is given in the attachment below.
Answer:
Lucia's cash flows from operating activities would be:
$132,000.
Explanation:
Accounts Receivable End: $30,000 Beginning: $29,000 = -$1,000
Accounts Payable End: $24,000 Beginning: $26,000 = -$2,000
Net Income : $ 135,000
To calculate the total cash flow from operating activities it's necessary to deduct of the Net Income the variance of these accounts which indicates a negative variance during the year, -$2,000 on accounts payable because the company paid more bills these year than before, and -$1,000 because the company expand their credit line to customers.
Cash Flow: $135,000 - $1,000 - $2,000 = $132,000.
