Answer:
$32,600
Explanation:
Calculation to determine her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard
Using this formula
Itemized deduction =(Financing amount * 6 percent)+(Additional amount borrowed*interest rate of 8 percent)
Let plug in the formula
Itemized deduction=( $350,000 * 6 percent)+($145,000 *8 percent)
Itemized deduction=($21,000+$11,600)
Itemized deduction=$32,600
Therefore her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard wi be $32,600
Excess weight, especially excess fat are prone to cancer. This is particularly applicable to obese people who do not exercise regularly. Excess body fat affects health in metabolic reactions, hormone secretions and the immune system. Studies have already shown that 1 out of 5 cancer patients have excess body weight.
Answer:
a) diluted earnings per share = 0
Explanation:
Diluted earnings per share (DEPS) is a recalculation of the basic EPS. The difference between DEPS and EPS is, EPS represents the current position of earnings per share. No changes in number shares and/or earnings in the future are incorporated in the basic EPS.
Whereas DEPS is a representation of not only the current position of earnings and shares but also includes the commitments an entity has already made whose occurrence may result in an increase/decrease in the amount of earnings and/or number of shares. For example, in the question Culver Company has issued 10-year convertible bonds which right now have no impact on basic EPS but if in the future these bond holders exercise their right of conversion, this would result in an increase in number of ordinary shares hence decreasing/diluting the basic EPS. The entities use DEPS to show shareholders the impact of such commitments on the basic EPS to improve their decision making.
So in 2017 none of the bonds were converted therefore no diluted earnings per share is calculated in 2017.
If all of the bonds were converted in 2017 the DEPS would have been calculated as follows:
The formula for calculating DEPS is as follows;
DEPS = (Net income + interest savings) ÷ number of ordinary shares + increase in ordinary shares as a result of conversion.
Tax savings as a result of conversion=$128400 ($2140000×6%). Because if bond holders convert into ordinary shares then Culver company will not have to pay them interest and hence the amount of interest is saved.
Increase in ordinary shares upon conversion= 29960 ($2140000÷$1000=2140 bonds. Each bond is convertible into 14 shares therefore, 2140×14=29960).
Now Lets calculate DEPS as follows;
DEPS = ($296000+$128400) ÷ 91000+29960
DEPS =$424400÷120960
DEPS = $3.5
Requirements managers are responsible for documenting and analyzing and prioritizing requirements for projects and ensuring the products or services conform to the agreed upon capabiities of these. For example, in a mine a drill contractor may be required to drill a hole of only a certain diameter and complete holes say up to 300m long and have a drill that fits inside a safety canopy provided by the client.
Answer:
e. $104,000.
Explanation:
The computation of the ending capital balance is shown below:
As we know that
Ending capital balance = Opening capital balance + net income - withdrawn amount
where,
Opening capital balance = $64,000
Net income is
= Revenues - expenses
= $100,000 - $48,000
= $52,000
And, the withdrawn amount is $12,000
So, the ending capital balance i s
= $64,000 + $52,000 - $12,000
= $104,000
