1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
galina1969 [7]
3 years ago
8

Emeril borrows $340,000 to finance taxable and tax-exempt investments. He incurs $18,000 investment interest expense, allocated

equally between the taxable and tax-exempt investments. Ignore any possible investment interest expense limitation. How much of the interest expense is deductible, and where is it deductible?A) $18,000 for AGIB) $18,000 from AGIC) $9,000 for AGID) $9,000 from AGI
Business
1 answer:
AURORKA [14]3 years ago
3 0

Answer:

correct option is D) $9,000 from AGI

Explanation:

given data

borrows = $340,000

investment interest = $18,000

solution

we know here that he investment in 2 part equally between the taxable and tax-exempt investment

so here exemption will be

exemption = \frac{interest}{no  of investment}    ........................1

put here value in equation 1

exemption = \frac{interest}{no  of investment}

exemption = \frac{18000}{2}

exemption = $9000

so

correct option is D) $9,000 from AGI

You might be interested in
What recommendations/actions would you provide to a coworker if they did not understand an email that was written by their super
valentina_108 [34]

My recommendation would be: communicate directly to the supervisor to clarify the intend of the email

Most employees believed that asking clarification to their supervisor would reflect badly on them since it make them look incompetent.

But most supervisors are trained to provide employees with guidance if they do not understand their assignment. And, following the wrong order would be significantly worse compared to not able to understand an email.

4 0
3 years ago
Read 2 more answers
g A savings product requires you to invest the following amounts. 250 today, 450 in one year, 650 in two years, 850 in three yea
Kaylis [27]

Answer:

$3,520.65

Explanation:

The computation of the future value is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years

= $250 × (1 + 0.0275)^5 + $450 × (1 + 0.0275)^4 + $650 × (1 + 0.0275)^3 + $850 × (1 + 0.0275)^2 + $1,100 × (1 + 0.0275)^1

= $286.32 + $501.58 + $705.11 + $897.39 + $1,130.25

= $3,520.65

We do the reversing time period and according to that the calculation can come.

3 0
3 years ago
5. An ATM allows a customer to withdraw a maximum of $400. If the customer withdraws more than $200, the service charge is 3% of
tankabanditka [31]

Answer:

//algorithm for ATM money withdrawal

Algorithm: Algorithm for cash withdrawals from ATM.

Input: withdraw_amount

Output: amount+service_charges.

Algorithm:

step 1:

  balance =account balance.

  withdraw_amount = (Get input from user)

 

step 2:

  if(withdraw_amount>400)

      then, print "maximum limit exceeds"

 

step 3:

  if(withdraw_amout<1)

      then, print "enter a valid amount"

 

 

step 4:

  if(withdraw_amount>balance)

      then, print "insufficient balance.. withdraw money $30 as service charges "

 

 

step 5:

  if(withdraw_amount<400 && withdraw_amount<balance)

      if(withdraw_amount>200)

          service_charge=withdraw_amount*(3/100)

          print " Your cash is dispensed... total amount withdrawn +service_charges 30% (withdraw_amount +service_charge) "

4 0
3 years ago
Steinway produces concert grand pianos, often using the custom materials and designs desired by a specific customer. The average
vovangra [49]

Answer:

Cost-Plus

Explanation:

Cost plus pricing is a system of determining the selling price of an item by adding a determined amount called mark-up to the total cost of producing the item.Its purpose is to ensure that cost are fully recovered and profit are also made.

In a less competitive environment like Steinway's own , where pianos are being produced to the specification of waiting customers , this  gives a good opportunity for cost plus marketing as threats from competitors are minimal or even nil.

6 0
2 years ago
Meacham Enterprises' bonds currently sell for $1,280 and have a par value of $1,000. They pay a $135 annual coupon and have a 15
asambeis [7]

Answer:

The answer is d. 7.45%

Explanation:

B = Current Price of the Bonds  $1,280

C = Coupon payment paid out annually  $135

CP = Call price   $1,050.

T= number of years pending until the call date 5 years

Yield to Call Formula = (C/2) * {(1- ( 1 + YTC/2)^-2t) / (YTC/2)} + (CP/1 + YTC/2)^2t)

$1,280  = ($135/2) * {(1- ( 1 + YTC/2)^-10) / (YTC/2)} +($1,050 /1 + YTC/2)^10) = 7.45%

7 0
3 years ago
Other questions:
  • The CAN-SPAM Act regulates the use of unsolicited ads that show mature content unsuitable for ____________ .
    5·2 answers
  • As Facebook, Twitter, and text messaging become more popular ways to communicate, which type of communication is eliminated? A.
    5·2 answers
  • A grand strategy that involves reduction in the organization's efforts is the ______ strategy.
    12·1 answer
  • Harry Trading Company must choose its optimal capital structure. Currently, the firm has a 20 percent debt ratio and the firm ex
    12·1 answer
  • The Snow Hut has analyzed the carrying and shortage costs associated with its cash holdings and determined that the firm should
    9·1 answer
  • Co-marketing refers to _____.
    7·1 answer
  • Ankh-Sto Associates Co. is expected to generate a free cash flow (FCF) of $14,835.00 million this year ( FCF1 = $14,835.00 milli
    5·1 answer
  • The nation of Winstone's economic system closely approximates pure capitalism. While Winstone's economy is likely to generate a
    10·1 answer
  • Sometimes people are not aware that their personal information is being gathered. This is
    13·1 answer
  • You are looking for ways to save money when it comes to feeding your family. What is the most helpful way to cut back on food ex
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!