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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?

1 answer:

Dvinal [7]3 years ago

5 0

Answer:

$30,000 is the correct answer.

Explanation:

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<span>Expected utility is calculated by multiplying the utility of each possible outcome by its probability and summing the products. So if Terri has a 25% chance of becoming disabled and purchases a policy then her expected utility is: (.25 x $20,000) + (.75 x $80,000) = $5,000 + $60,000 = $65,000. On the other hand, if Terri does not purchase a policy then her expected utility is (.25 x $0) + (.75 x $80,000) = $0 + $60,000 = $60,000.</span>

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3 years ago

Journalize the following transactions for Powell Company using the gross method of accounting for sales discounts. Assume a perp

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Answer:

Jan 7

Dr Cost of Good Sold 7,860

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Cr Revenue 13,100

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Dr Sales Returns 2,620

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Dr Cash 10,480

Cr Account Receivable 10,480

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* further working note on Jan 18 transaction: As Stewart had return $2,620 sales; the Receivable from Stewart is just $10,480 ( 13,100 - 2,620). Also, the term of receivable is 5/10, n/30; the repayment after 10 days received from Steward is not eligible for discount.

Explanation:

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The Occupational Safety and Health Act (OSHA) mandated that first-aid kits be available in business establishments employing mor

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Answer:

The correct answer is D

Explanation:

OSHA stands for Occupational Safety and Health Act, which is passed in order to encourage the safer workplace conditions in the U.S. They set the standards as well as perform the inspections at the job sites.

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According to keynes what should the government do to improve economic conditions during a recession? group of answer choices

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Keynesian economists generally argue that aggregate demand is volatile and unstable, and as a result, market economies often experience inefficient macroeconomic consequences. They further argue that these economic fluctuations can be mitigated through coordinated economic policies between governments and central banks. Fiscal and monetary policy measures, in particular, help stabilize economic output, inflation, and unemployment throughout the business cycle. Keynesian economists generally advocate a regulated market economy. Although primarily the private sector, it plays an active role in government intervention during recessions.

Learn more about Keynesian economics here : brainly.com/question/20036871

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2 years ago

Salerno Inc. desires to lock in a minimum rate at which it could sell its net receivables in Japanese yen but wants to be able t

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Answer:

purchasing put options.

Explanation:

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3 years ago