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notsponge [240]
2 years ago
14

Arnold, a single individual, has adjusted gross income of $65,000 in the current year. Arnold donates the following items to his

favorite qualified charities:
1. ABC stock acquired six years ago at a cost of $6,000. FMV at date of contribution was $40,000.
2. Personal clothing items purchased two years ago at a cost of $1,000. FMV at the date of contribution was $400. What is the amount of his charitable contribution for the current year?
A. 15,400
B. 23,000
C. 19,300
D. 18,800
Business
1 answer:
Olin [163]2 years ago
3 0

Answer:

Option A. $15,400

Explanation:

The net deduction allowed as an charitable contributions are as under:

                                             $

1. ABC Cop. stock

Cost $6000  

FMV <u>$22000</u>                   $16000

2. Personal Clothing Items

Cost $1000

FMV <u>$400  </u>                      <u>  ($600) </u>

Net Deduction                 $15,400

The amount that qualifies as charitable contribution for the year is $15400.

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In picking the smoothing constant for an exponential smoothing model, we should look for a value that______________.
kicyunya [14]

Answer:

Answer is the one which produces values which compare well with actual values based on a standard measure of error.

Explanation:

Exponential smoothing is one means of preparing short-term sales forecasts on a routine basis. To use exponential smoothing, however, one must decide the proper values for the smoothing constants in the forecasting model. One method for selecting the smoothing constants involves conducting a grid search to evaluate a wide range of possible values.

Exponential smoothing forecasting methods use constants that assign weights to current demand and previous forecasts to arrive at new forecasts.   Their values influence the responsiveness of forecasts to actual demand and hence influence forecast error. Considerable effort has focused on finding the appropriate values to use.

One approach is to use smoothing constants that minimize some function of forecast error. Thus, in order to select the right constants for forecasting, different values are tried out on past time series, and the ones that minimize an error function like Mean Absolute    Deviation (MAD) or Mean Squared Error (MSE) are the ones used for forecasting

3 0
3 years ago
You can afford a $200 per month car payment. You've found a 3 year loan at 4% interest. How big of a loan can you afford
Morgarella [4.7K]

Based on the payment you can afford, the interest rate, and the number of years, the loan you can afford is $6,774.15

<h3>What size of a loan can you afford?</h3>

First find the monthly interest rate:

= 4% /12

= 1/3%

Number of periods:

= 3 x 12

= 36 months

The loan you can afford can be found as:

= Payment x ( 1 - (1 + rate) ^ -number of periods) / rate

= 200 x (1 - (1 + 1/3%)⁻³⁶) / 1/3%
= $6,774.15

Find out more on loans at brainly.com/question/15088278.

4 0
2 years ago
Fusaro Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year.
WARRIOR [948]

Answer:

The amount of manufacturing overhead that would have been applied to all jobs during the period is $1,289,340.00

Explanation:

For computing the manufacturing overhead, first, we have to compute the predetermined overhead rate which is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $684,000 ÷ 20,000 hours

= $34.20

Now the applied overhead would be equal to

=  Actual direct labor-hours × predetermined overhead rate

= 37,700 hours × $34.20

= $1,289,340.00

4 0
3 years ago
Important changes are occurring on your team as task agendas become clarified and members begin to understand one another's pers
love history [14]

Answer:

storming stage

Explanation:

Based on the scenario being described within the question it can be said that your team seems to be in the storming stage of team development. This stage is regarded as one of the most difficult and important stages for a team to pass through and where success creates long-term beneficial gains for the team but failures create long-lasting and usually fatal problems for the team.

8 0
2 years ago
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"In connection with a new issue offering of a sought-after tech company issue, the underwriter offers shares to the officers of
MA_775_DIABLO [31]

Answer:

Under FINRA rules, this is:

A conflict of interest.

Explanation:

The underwriter has advised on the potential acquisition and is now offering the shares to the officers of the manufacturing company that hired the underwriting firm.  The underwriter should have allowed the officers of the manufacturing company to purchase the shares on their own since it is a public offering and not a private placement.  The information is already in the public domain.   By offering the shares directly to the officers, it looks as if the underwriter is trying to compensate them for the contract it received earlier.

5 0
2 years ago
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