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3 years ago

Van pays the following medical expenses this year:

Business

1 answer:

lorasvet [3.4K]3 years ago

7 0

Answer:

The amount Van can include on his return as qualified medical expenses before limitation is $2,700

Explanation:

The amount of medical expenses that Van can include on his return as qualified medical expenses before limitation are the following:

a. $1,500 for doctor bills for van's son who is claimed as a dependant by Van's former spouse.

b. $300 for Van's eyeglasses

c. $900 for Van's dental work

Therefore, amount Van can include on his return as qualified medical expenses before limitation=$1.500+$300+$900

amount Van can include on his return as qualified medical expenses before limitation=$2,700

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Blaine bought 4 pairs of pants and 2 shirts at a department store in California. Each pair of pants cost $25.85 and each shirt c

Mazyrski [523]

Answer:

$57.11

Explanation:

$25.85 × 4 = $103.40

$15.70 × 2 = $31.40

Total cost of purchase = $134.80

6% tax = 0.06 × $134.80 = $8.09

Total cost of purchase including tax = $142.89

Change received by Blaine = $200 - $142.89 = $57.11

I hope my answer helps you

3 0

3 years ago

Stanley hart invested in a municipal bond that promised an annual yield of 6.7 percent. the bond pays coupons twice a year. what

shtirl [24]

The effective interest rate is given by

$r= \left(1+\frac{i}{t}\right)^t-1$

Given that the <span>bond yeilds an annual yield of 6.7 percent and pays coupons twice a year.

The effective interest rate is given by:

$r= \left(1+\frac{0.067}{2}\right)^2-1 \\ \\ =(1+0.0335)^2-1 \\ \\ =(1.0335)^2-1=1.0681-1 \\ \\ =0.0681=6.81\%$ </span>

3 0

3 years ago

For a firm in a perfectly competitive market, price is

Zigmanuir [339]

Answer:

The correct answer is D. equal to both average revenue and marginal revenue.

Explanation:

A perfectly competitive market or market of perfect competition is that market in which two characteristics are fulfilled:

1) there is a large number of buyers and sellers in such a way that the influence they individually exert on prices is negligible;

2) the goods or services that are exchanged are the same. [Supply and demand] Perfect competition is the situation of a market where companies lack the power to manipulate the price (price-acceptors), and there is a maximization of well-being.

This results in an ideal situation of the goods and services markets, where the interaction of supply and demand determines the price. A perfectly competitive market has the following characteristics: There are many buyers and sellers in the market. The goods offered by different vendors are largely identical. Companies can freely enter and exit the market.

8 0

3 years ago

Adding new records, modifying existing ones, and deleting<br> ones no longer needed

nignag [31]

Answer:

Good

Explanation:

3 0

3 years ago

The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods invent

weqwewe [10]

Answer: $57,000

Explanation:

Given that,

Beginning finished goods inventory in units = 0

Units produced = 7,000

Units sold = 5,100

Sales = $663,000

Materials cost = $140,000

Variable conversion cost used = $70,000

Fixed manufacturing cost = $490,000

Indirect operating costs (fixed) = $102,000

Total Variable cost of units produced = Materials cost + Variable conversion cost used

= $140,000 + $70,000

= $210,000

$Variable\ cost\ per\ unit = \frac{Total\ variable\ cost}{units\ produced}$

= $\frac{210,000}{7,000}$

= $30

Units in ending inventory = Units produced - Units sold

= 7,000 - 5,100

= 1,900

Value of Variable costing ending inventory = Units in ending inventory × Variable cost per unit

= 1,900 × $30

= $57,000

5 0

3 years ago