Answer:
He can deduct on his 2019 federal income tax return for state income tax $1,550
Explanation:
According to the given data, we can conclude that Carlos cannot deduct the addition of $600 of state income until next year.
Therefore, in order to calculate how much state income tax can Carlos deduct on his 2019 federal income tax return for state income tax we would need to make the following calculation
income tax to deduct on 2019 federal income tax return= Taxes paid+ withheld state income tax from salary
income tax to deduct on 2019 federal income tax return= $800 + $750 income tax to deduct on 2019 federal income tax return=$1,550.
Answer:
Cachita should buy put on yen
Explanation:
Given:
The current spot rate = ¥120.00/$
in US $/¥ = 
or
in US $/¥ = 0.0083
Maturity time = 90 days
Put on Yen Call on Yen
Strike Price 125/$ 125/$
Strike Price in $/¥ 0.008 0.008
Premium 0.00003/$ 0.00046/$
Therefore,
Here the strike price for put on Yen and call on Yen are same
but the premium for Put on Yen is less than the premium for the call on Yen
Therefore, Cachita should buy a put on yen to get the profit from the rise of the dollar
Answer:
c. shoe leather cost.
Explanation:
During times of high inflation, interest rates usually go up. Money in the banks earns higher interest compared to when inflation is low. When the inflation rate is high, the prices of goods and services increase rapidly, resulting in a reduction in currency's purchasing power.
Individuals and firms opt to keep as little cash in hand as possible. Holding a lot of cash at such times is not prudent as banks offer high-interest rates. Keeping cash become costly due to currency depreciation. As firms and households keep most of the money in banks, they incur a lot of transport costs and time going to banks to withdraw cash for normal expenses. The time and transport costs incurred are referred to as shoe leather costs.
Answer: Freedom of religion
Explanation: In simple words, religious rights or freedom of religion are the laws protected by the first amendment of the US constitution which secures the position to its citizens for following their religion.
In the given case, Ms William has the right to exercise religion but the company made some hurdles for her to do so.
Hence we can conclude that the rights of freedom of religion has been violated.
Answer:
RECROOM EQUIPMENT COMPANY
Date Description DR CR
a. Nov 1 Note Receivable 8000
Allowance on debt 1,200
Account Receivable 9,200
<em> Being the settlement of customers deb</em>t
b. Dec 31 Interest receivable 120
Interest Income 120
<em>Being the interest accrued at the year end </em>
<em />
c. 30 April Cash 720
Interest receivable 120
Interest income 600
<em>Being the receipt of interest at maturity date</em>
<em />
d. April 30 Cash 8000
Note receivable 8,000
<em>Being the settlement of principal at maturity </em>
Explanation:
