1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
juin [17]
3 years ago
5

As a result of a divorce settled in 2017, a taxpayer received the following during the current year: Child support $12,000 Alimo

ny $5,000 Cash related to property settlement $2,000 What amount, if any, must be included in gross income for the current year?
Business
1 answer:
Dvinal [7]3 years ago
5 0

Answer:

$30,000 is the correct answer.

Explanation:

You might be interested in
Selected financial information for Solomon Company for 2019 follows:
katovenus [111]

Answer:

9.89 times

Explanation:

Calculation to determine the merchandise inventory turn over during 2019

First step is calculate the Average Inventory using this formula

Average Inventory = (Opening Inventory + Closing Inventory) / 2

Let plug in the formula

Average Inventory= (154,000 + 200,000) / 2

Average Inventory= 354,000 / 2

Average Inventory= 177,000

Now let determine the Merchandise Inventory Turnover using this formula

Merchandise Inventory Turnover = Cost of goods sold/ Average Inventory

Let plug in the formula

Merchandise Inventory Turnover= 1,750,000 / 177,000

Merchandise Inventory Turnover= 9.89 times

Therefore Assuming that the merchandise inventory buildup was relatively constant, the merchandise inventory turn over during 2019 is 9.89 times

8 0
3 years ago
Product planners need to think about products and services on three levels. The second level is where the company turns the core
quester [9]

Answer:

Actual product

Explanation:

The first stage is core customer value which the company considers because this is what the customer is desiring. The second level is conversion of that core customer values into an actual product. And the last level but not least is augmented product. At this level, the company adds additional features and benefits in the product to make it attractive to its customers

4 0
4 years ago
Q 14.6: Morris Enterprises has 5,000 shares of 5.5%, $100 par value cumulative preferred stock and 100,000 shares of $10 par val
trasher [3.6K]

Answer:

Dividend paid to be paid to common  stockholder=$ 20,000

Explanation:

Common stock holders are the real risk bearers as they receive as dividends the residual amount after all other claims have been settled.

Preference shares entitles the holders to participate in a fixed dividend out of the profit made by the company. The divide is always a fixed percentage of the nominal value of the preference shares

Cumulative preference shares: Cumulative simply implies that should the company misses the payment of dividend in a particular year such unpaid dividend would be carried carried forward and paid in arrears in the following year/  

Preference dividends

2019 - 5.5% × $100 × 5,000=            $27500

2020 - 5.5% × $100 × 5,000 =            $27500

Total preferred to be paid in 2020 = 55,000

Dividends paid to common stock = Total dividend for 2020- Total preference dividend in 2020

Dividend paid to be paid to common  stockholder

= 75,000-55,000= 20,000

Dividend paid to be paid to common  stockholder=$ 20,000

5 0
3 years ago
As the video showed, there are many people who are so concerned about the viability of banks, and indeed the entire financial sy
sergeinik [125]
Hard question thx for the points give me brainlest points plz
6 0
3 years ago
Global Trade Enterprises has a policy statement making it clear that it does not tolerate sexual harassment. It set up an employ
Korvikt [17]

Answer:

Option D is correct

Explanation:

Training all employees to identify inappropriate behavior that can be termed as sexual harassment in order to avert ignorance towards type of behavioral pattern which reduce frequency of report.

3 0
3 years ago
Other questions:
  • Company purchased equipment on January​ 1, 2017 for $600,000. The residual value is $60,000 and the estimated useful life is 10
    13·1 answer
  • Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts that it wil
    5·1 answer
  • You hold a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. The portfolio's beta is 1.12. Yo
    7·1 answer
  • Porter's competitive strategies of cost-leadership and differentiation focus on ____ markets, while the cost-focus and focused-d
    14·1 answer
  • A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education w
    13·1 answer
  • 0.83 points eBookPrintReferences Check my work Check My Work button is now enabledItem 2Item 2 0.83 points A company has a fisca
    6·1 answer
  • One night, when henry got home and flipped on the light switch, the kitchen exploded leaving him severely injured. The explosion
    7·2 answers
  • Begin by reviewing the labels for the change in​ stockholders' equity and then enter the amounts for each situation.
    13·1 answer
  • americans pay federal, state, and local governments nearly percent of every dollar they earn in taxes.
    6·1 answer
  • An organization's internal stakeholders consist of Multiple Choice a.the board of directors, customers, and local government.b.t
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!