Answer: No contribution can be made
Explanation:
The options to the question are:
a. No contribution can be made
b. A contribution can be made based only on the income received from the trust fund.
c. A contribution can be made based only on the alimony payments received
d. A contribution can be made based on both the income received from the trust fund and the alimony payments received
From the question, we are informed that a divorced woman with 2 young children has a small trust fund that gives her $2,500 a year in income and that she collects another $2,500 per year in alimony payments.
Based on the above analysis, the woman cannot make a contribution to an Individual Retirement Account this year.
Answer:
$24,000
Explanation:
From the time an asset is acquired until the time it is sold, an asset experiences a number of events which causes an increase or decrease of its total value. Th adjusted basis of a given asset, takes the base price of an asset and adjusts it for changes in value reflecting enhancements and or depreciation. For instance, a given asset purchased for $100, depreciates by $10 and has an improvement of $60 would have an adjusted basis of $100 - $10 + $60 = $150.
Now when Mary bought her furniture, the adjusted basis was $20,000. At the time of exchange, the fair market value of the furniture is $4,000 whereas Mary also gave $4,000 to the dealer in the transaction. This $4,000 changes the value ans is added to the previous adjusted basis of $20,000.
Mary's adjusted basis in the new furniture after the exchange is:
= $4,000 + $20,000
= $24,000
Answer:
1. d. $825
2. b. $750
3. c. $795
Explanation:
1. Transfer price under the resale price method
Acceptable price under resale method = Selling price of Subsidiary - Profit%
= $1,100 - 25%*$1,100
= $1,100 - $275
= $825
2. Transfer price under the cost-plus method
Cost plus method = Cost+Markup
= $500 + $500*50%
= $500 + $250
= $750
3. Transfer price under the comparable profits method
Comparable profits method = Selling price - Profit - Other costs
= $1,100 - $1,100*5% - $250
= $1,100 - $55 - $250
= $795
Check the TEC, ensure that a valid DA Form 1687 is on file for the unit,
screen the Overdue Document list tasks does the stock control specialist perform before the unit arrives at the asp.
<h3>What are ASP personnel responsible for?</h3>
Ammunition Supply Point (ASP) are responsible for receiving, storing and issuing all class V ammunitions required to support all TRADOC, FORSCOM and SOCOM units/activities assigned to the installation, as well as US Army Reserves and US Army National Guard units from Georgia, Alabama and Florida.
They inspect boxes and containers and calculate quantity based on brass weight.
Once residue is turned in, residue personnel properly stores and ships residue according to the ASP's SOP and Army procedures.
To learn more about ASP, refer
brainly.com/question/24607535
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Answer:
The new price of the bond is $928.94
Explanation:
Initially the bond's price is equal to its par value which means the coupon rate on bond and the market interest rates are the same i.e. 6%.
Th bond's price is calculated as the sum of the present value of the annuity of interest payments by the bond and the present value of the face value of the bond that will be received at maturity. The discount rate used to calculate the present values is the market interest rate.
As the bond is a semiannual bond, we will use the semi annual coupon payment, the semi annual percentage of the annual rate of interest on market and the number of semi annual periods outstanding.
Semi annual coupon payment = 1000 * 0.06 * 6/12 = $30
Number of semiannual periods till maturity = 10 * 2 = 20 periods
New market interest rate = 6 + 1 = 7% annual
New semi annual market interest rate = 7% / 2 = 3.5%
Price of bond = 30 * [ (1 - (1+0.035)^-20) / 0.035 ] + 1000 / (1+0.035)^20
Price of bond = $928.938 rounded off to $928.94
We used the present value of annuity ordinary formula for preset value of interest payments and the normal present value of principal formula for the face value.
