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Kay [80]
3 years ago
12

Kathy and Annise are a married couple who file jointly. In the current year, they have net ordinary income of $10,000 from a par

tnership interest in which they do not materially participate. They also have a net loss of $30,000 from a rent house in which they actively participate. Their adjusted gross income (AGI) exclusive of these investments is $120,000. What is their AGI after taking into account these investments
Business
1 answer:
mojhsa [17]3 years ago
3 0

Answer:

$100,000

Explanation:

As Kathy and Annise are a married couple who file jointly, their revised AGI can be calculated by deducting a net loss from the adjusted gross income.

DATA

Current AGI = $120,000

Rental loss = $30,000

Partnership gain = $10,000

Revised AGI = Current AGI - Net loss

Revised AGI = 120,000 – 20,000(w)

Revised AGI = 100,000

Working

Net loss = Rental loss – partnership gain

Net loss = $30,000 - $10,000

Net loss = $20,000

NOTE: Kathy and Annise can deduct 20,000 loss against other income as they materially participate in rental activities.

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Explain one reason why it might be an advantage for a business to set up on a busy high street.
Akimi4 [234]

Answer:

High traffic

Explanation:

Higher traffic means more visibility, more visibility means more customers.

7 0
3 years ago
Managers make assumptions in CVP analysis. These assumptions include: (Check all that apply.) Multiple select question. some uni
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The assumptions that are made in CVP analysis includes the following:

  • costs can be classified as variable or fixed.
  • costs are linear within the relevant range.
  • constant fixed cost per unit.

<h3>What is CVP analysis?</h3>

Cost Volume Profit analysis is the type of analysis that has to do with the cost accounting. This type of analysis is one that takes the impact of the various costs and volume on profit.

It helps to check how the changes that occur in the variable and the fixed cost affect profit.

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4 0
2 years ago
To do a thorough environmental scan, a marketer must consider both current and potential ________ in designing a marketing strat
inn [45]

To do a thorough environmental scan, a marketer must consider both current and potential Competitors in designing a marketing strategy.

What is a Environmental scan?

  • Environmental scanning is the examination of outside sources to find elements that affect a firm. Finding and consulting sources outside of the company is the key objective. Despite the fact that these sources cannot be controlled from the standpoint of the business, it is crucial to take them into account when making decisions.
  • SWOT analysis is one well-liked technique for scanning the environment. Strengths, Weaknesses, Opportunities, and Threats are each represented by a letter, and each should be examined. The company's internal factors make up the company's strengths and possibilities, while external variables make up the company's weaknesses and dangers.
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8 0
2 years ago
According to management scholar Henry Mintzberg, which of the following is true of managers?
Ad libitum [116K]

Answer:

They have work that is characterized by fragmentation, brevity, and variety.

Explanation:

Hentry Mintzberg, a famous American non-fiction author, wrote in one of his books on management about the roles of managers. In it, he described their work as being fragmented, short, and varied.

Fragmented means that they often have to stop what they're doing in order to jump into something else that may be more urgent. Brevity refers to the fact that they usually do things quickly because of how many obligations they have. Variety refers to the various types of work they have to perform within their obligations.

7 0
3 years ago
Champion Bakers uses specialized ovens to bake its bread. One oven costs $689,000 and lasts about 4 years before it needs to be
Strike441 [17]

Answer:

A. ​-$272,638

Explanation:

Firstly, we need to calculate the total present value of initial investment plus all operating cost of the project. Then we will use that amount to solve for equal-amount annual operating cost.

Total present value of the project is -689,000 - 41,000/(1+13%) - 41,000/(1+13%)^2 + ... + 41,000/(1+13%)^4, or -810,953.32 (negative sign mean cost).

So, the equivalent annual cost of an oven is -272,638.

The equation solving problem can be made easily using Excel or BA II plus calculator.

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