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ipn [44]
3 years ago
14

Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable cont

ributions and assuming that the American Heart Association plans to sell the antique painting to fund its operations. Ray Ray has owned the painting and Coca-Cola stock since 1990.

Business
1 answer:
sergejj [24]3 years ago
7 0

Answer:

Complete question is attached in form of image.

a). Maximum amount of charitable deduction for Cash Contrbutions = 7650 + 5450

= $ 13100

a). Maximum amount of charitable deduction for Property Donations

= 15250 + 18375

= $ 33625

The amount of deduction for contribution to American Heart Association will be the amount equal to the cost of antique painting given to the american heart association.

The amount of deduction for contribution to First Methodist Church will be the amount equal to the FMV of Coca-Cola stock given to the first methodist church.

FMV stands for Fair market value.

Maximum amount of charitable deduction for Cash contribution = $ 13100 and Maximum amount of charitable deduction for Property donation = $ 33625.

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James, a casino manager, defines and uses signals and symbols to influence corporate culture by communicating central values to
matrenka [14]

Answer: Cultural Leadership

Explanation:

A) Egalitarian leader is WRONG

B) Cultural Leader: This is the kind of leader that instills cultural heritage such as customs, believe, past stories and values in his/her subodinate as in the case of James who uses signals and symbols to influence corporate culture by communicating central values to employees.

C) Servant Leader is WRONG. It can be likened to a leader that performs almost all the duties of the subodinate

D) Totalitarian Leader is also WRONG

E) Transitional Leader is WRONG

8 0
3 years ago
"what is unsolicited email that plagues employees at all levels and clogs email systems?"
Naddik [55]
Unsolicited email that plagues employees at all levels and clogs email systems is also known as spam. Spam emails are typically flooding everyone within the organization, with the same message and is usually something one would not choose to receive. The majority of spam emails that are sent out are commercial advertising which takes time away from receiving other necessary emails. 
4 0
3 years ago
Crane Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During
Ugo [173]

Answer:

A. Debit unearned subscription revenue $21,000

Credit Subscription Revenue $21,000

B. Debit Unearned Subscription Revenue $63,000

Credit Earned Subscription Revenue $63,000

Explanation:

A. Preparation of the adjusting entry at December 31, 2022, to record subscription revenue in December 2022.

Debit unearned subscription revenue $21,000

Credit Subscription Revenue $21,000

[($28 per year*9,000)/12]

(Being to record subscription revenue )

B. Preparation of the adjusting entry at March 31, 2023, to record subscription revenue in the first quarter of 2023.

Debit Unearned Subscription Revenue $63,000

Credit Earned Subscription Revenue $63,000

[($28 per year*9,000)/12*3]

(Being to record subscription revenue in the first quarter)

8 0
3 years ago
Blossom provides environmentally friendly lawn services for homeowners. Its operating costs are as follows.
Elina [12.6K]

Answer:

Break-even point = 110 lawns & Break-even sales point = $8,800

Explanation:

Total fixed costs = Depreciation + Advertising + Insurance

Total fixed costs = 1,400 + 200 + 3,680

Total fixed costs = $5280/month

Total variable cost per unit = Weed + Direct labor + Fuel

Total variable cost per unit = 13 + 16 + 3

Total variable cost per unit = $32/lawn

Contribution margin ratio = (Sales per unit - variable cost per unit) / sales per unit

Contribution margin ratio = (80 - 32) / 80

Contribution margin ratio = 0.6

Contribution margin ratio = 60%

Break-even sales = Fixed costs / contribution margin ratio

Break-even sales = $5280 / 60%

Break-even sales = $8800

Break-even sales units = Break-even sales / sales per unit

Break-even sales units = 8800 / 80

Break-even sales units = 110 lawns

Break-even point = 110 lawns & Break-even sales point = $8,800

8 0
3 years ago
The $1,000 face value ABC bond has a coupon rate of 10%, with interest paid annually, and matures in 3 years. If the bond is pri
dybincka [34]

Answer:

Bond Price  = $951.9633746 rounded off to $951.96

Explanation:

To calculate the quote/price of the bond today, which is the present value of the bond, we will use the formula for the price of the bond. As the bond is an annual bond, we will use the annual coupon payment,  annual number of periods and annual YTM. The formula to calculate the price of the bonds today is attached.  

Coupon Payment (C) = 1000 * 10% = $100

Total periods remaining (n) = 3

r or YTM = 12%  

 Bond Price = 100 * [( 1 - (1+0.12)^-3) / 0.12]  + 1000 / (1+0.12)^3

Bond Price  = $951.9633746 rounded off to $951.96

7 0
3 years ago
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