Answer:
$32,600
Explanation:
Calculation to determine her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard
Using this formula
Itemized deduction =(Financing amount * 6 percent)+(Additional amount borrowed*interest rate of 8 percent)
Let plug in the formula
Itemized deduction=( $350,000 * 6 percent)+($145,000 *8 percent)
Itemized deduction=($21,000+$11,600)
Itemized deduction=$32,600
Therefore her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard wi be $32,600
Answer:
C. Proofreading
Explanation:
Option A is wrong. In an instant message, no one is trying to create a content outline as it is not a letter or assignment.
Option B is incorrect. An instant message can be sent to many people at a time. Therefore, maximizing the number of receivers is the main idea while writing an instant message.
Option D is also not correct. Acronyms are hard to understand. Writing acronyms in an instant message will be challenging for the receivers.
Option E cannot be the answer as an instant message can be sent anytime. Therefore, it can be increased.
<em>Option C</em> is correct because while writing an instant message, proofreading is a necessary stage. If anything misspelled or miswritten, the explanation will change.
Answer:
a. in order to calculate this we must assume that the economy entered a recession:
degree of operating leverage = [($20 - $70)/$70] / [($260 - $520)/$520] = -0.7143 / -0.5 = 1.43
b. $14 million
Explanation:
strong economy:
total sales $520 million
<u>variable costs $420 million</u>
gross profit $100 million
<u>fixed costs $30 million</u>
EBIT $70 million
<u>income taxes $21 million</u>
net income $49 million
weak economy:
total sales $260 million
<u>variable costs $210 million</u>
gross profit $50 million
<u>fixed costs $30 million</u>
EBIT $20 million
<u>income taxes $6 million</u>
net income $14 million
Answer:
The after-tax cash flow (after-tax salvage value) from the sale is $18,941.20
Explanation:
The computation of the after-tax cash flow is shown below:
= Purchase of fixed asset - depreciation charged - sale value of machine + profit on sale - tax rate
= $39,000 - ($39,000 × 20% + 32%) - $19,000 + $280 - 21%
= $39,000 - $20,280 - $19,000 + 280 - $58.80
= $18,720 + $280 - $58.80
= $18,941.20
The $18,720 reflect the Written down value of the fixed asset which come from
= $39,000 - $20,280