Answer:
$800
Explanation:
Fred and Lucy's itemized medical expenses are:
doctor and dentist bills + hospital expenses $9,200
<u>minus reimbursements ($4,400) </u>
unreimbursed expenses $4,800
Health insurance premiums $5,000
<u>Prescribed medicines and drugs $3,000 </u>
Total medical expenses $12,800
<u>minus 10% of AGI = 10% x $120,000 ($12,000) </u>
Deductible medical expenses $800
Contribution to qualified Health Savings Accounts are deducted directly from the AGI, and should not be included as medical expenses.
Variable outcome probability price 1,500 0.3 350 0.7 yield (ton) 11 0.55 4 0.45 cost ($) 3500 0.25 7500 0.75 0.412588 is the net return if price =350, yield = 11 and cost = 7,500
<h3>What is
net return?</h3>
The overall rate of return on an investment before any fees, commissions, or expenses is known as the gross rate of return. A month, quarter, or year is used as the unit of measurement for the gross rate of return. In comparison, the net rate of return provides a more accurate assessment of return by excluding fees and costs.
A gross rate of return is the return on an investment before any costs or deductions.
The investment's return after charges like taxes, inflation, and other fees is known as a net rate of return.
The expenditure ratio of a fund measures how difficult it is to determine the net rate of return compared to the gross rate of return.
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Answer:
The correct answer is C)
Explanation:
Given that the price for bananas is cheaper in Guatemala, suppliers will be driven to make a quick profit just by buying from the Guatemalan market to sell in the Honduras economy.
This, however, will cause the prices of bananas to rise in Guatemala. Because, according to the basic principles of economics, the higher the demand the higher the price.
Cheers!
Answer:
d. Specific identification method.
Explanation:
The specific indentification method relies on the specific categorization of the ending inventory, by attaching the date or purchase and the exact cost to every item of the ending inventory.
As it can be seen, the method is very accurate, because it can give the real value of ending inventory at the end of the year. However, it is also very time-consuming and difficult to keep up with, and for this reason most companies only use this method for items that are valuable, or that can be easily categorized in a specific date and price.
Most companies use other inventory valuation methods like LIFO, FIFO, and weighted average.
Answer:
Net decrease in prepaid expenses of $30,000 will be added to the net income in adjustments to net income because it will be considered that working capital (inventory or any other expense) has been generated by the operations.
Net decrease in Accounts payable of $20,000 will be deducted from net income in adjustments to net income because decrease in accounts payable means that cash has been paid to the outstanding payables.
Net effect of the above transactions is $30,000 - $20,000 = $10,000
So, net income will be increased by $10,000 as net effect of the above adjustments.
