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tamaranim1 [39]
3 years ago
6

During the current year, Martin purchases undeveloped land as an investment. Martin intends to rent the land as pastureland and

hopefully sell it later for a profit. In the current year, Martin receives no rent but he does pay taxes of $2,800, mortgage interest of $900 and liability insurance of $500. How much of these expenses can Martin deduct (before any limitations) on his current tax return?A) $0B) $1,400C) $3,700D) $4,200
Business
1 answer:
Levart [38]3 years ago
6 0

Answer:

D) $4,200

Explanation:

Martin's expenses on land = taxes of $2,800 + mortgage interest of $900 a+ liability insurance of $500 = $4,200

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Paradise Travels is an all-equity firm that has 9,000 shares of stock outstanding at a market price of $27 a share. Management h
Vesna [10]

Answer:

$1.97

Explanation:

EBIT/9,000 = [EBIT - $25,000*(0.073)] / [9,000 - ($25,000 / $27)]

EBIT / 9,000 = [EBIT - $1,825] / 8074.07

EBIT = $17,739

EPS = [EBIT - $25,000*(0.073)] / [9,000 - ($25,000 / $27)]

EPS = [$17,739 - $25,000*(0.073)] / [9,000 - ($25,000 / $27)]

EPS = $1.97

7 0
3 years ago
Which of the following American groups benefited the most from China's turn toward capitalism?
castortr0y [4]

Answer:

Which of the following American groups benefited the most from China's turn toward capitalism?

b. Consumers

Explanation:

In order to understand it completely, first of all there is need to understand what actually happens in Capitalism.

Capitalism is a system where private sector of a country holds most of its productions, organisations and businesses. Resulting in effective running of the organisations. Organisations reach their heights in attaining success resulting in high profits. Moreover, organisations goes global and start their operations internationally with their products and services, which consequently, will be beneficial for the international consumers. International consumers will be getting better products in very much competitive prices. So, the same happened with the American Consumers, they benefited the most from China's turn towards Capitalism.

8 0
3 years ago
Ames, Inc., has $1 million of notes payable due June 15, Year 2. At the financial statement date of December 31, Year 1, Ames si
Delvig [45]

Answer: B. $40,000, $960,000

Explanation:

The long term obligation will be 80% of the collateral value which will be:

= 80% × $1.2 million

= 0.8 × $1,200,000

= $960,000.

Therefore, the short term obligation will be:

= $1,000,000 - $960,000

= $40,000

7 0
3 years ago
Which of the following situations would be most likely to lead to an increase in interest rates in the economy?
sveticcg [70]

Answer:

The correct answer is E

Explanation:

The interest rate is defined as the rate of percentage which is charged on the loan or which is paid on the savings. It is the reward for lending as well as the cost of borrowing.

When the interest rate rises or increases, then everyone tend to borrow more amount of money and the high demand of the credit states that the people are willing to pay more for the same.

So, the situation which would increase the interest rate in the economy is when the corporations set up for the expansion plans and increase the demand for the capital.

3 0
3 years ago
Veronique and lily each bought a piece of luggage that had the same price in different stores. the table below shows how they wi
myrzilka [38]

According to the information in the Graph Veronique made a better decision than Lily because the final cost of her purchase is lower including finance charges (option B)

<h3>What is a finance charge?</h3>

A finance charge is an economic term that refers to additional charges made by finance companies (such as banks) to a transaction we make, such as a purchase.

In the case of Veronique and Lilly, they both bought the same suitcase with different prices. However, the better financial decision was Veronique's because she paid less ($25) for the same bag including finance charges.

While Lilly, despite having fewer fees, will have to pay $10 more than Veronique.

Note: This question is incomplete because the image is missing. Here is the image.

Learn more about payment in: brainly.com/question/15138283

5 0
2 years ago
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