The available options are:
A. No contribution can be made because the woman does not have earned income
B. A contribution of up to $6,000 is permitted, but the contribution is not tax deductible.
C. A tax deductible contribution of up to $7,000 is permitted
D. A tax deductible contribution of up to $9,000 is permitted
Answer:
No contribution can be made because the woman does not have earned income
Explanation:
Unlike in the previous years before 2019, concerning divorce agreements, alimony is now declared to be no longer deductible by the payor and at the same time is considered to be a tax-free income to the recipient. In essence, this indicates that alimony is no longer qualifies as earned income and therefore, cannot be utilized to fund an Individual Retirement Account.
Hence, in this case, since it is , year 2020, the correct answer is "No contribution can be made because the woman does not have earned income."
Answer:
30.86%
Explanation:
It is a financial ratio used for the capital budgeting. It is the ratio of the average return generated by the capital asset and the its average book value in the given period.
Formula for ARR is as follow
ARR = Average Net Income / Average Investment
Average Net Income = ( $1,558,888 + $2,933,312 + $3,261,712 ) / 3
Average Net Income = $2,584,637
Average Investment = $8,375,000
Placing values in the formula
ARR = $2,584,637 / $8,375,000
ARR = 0.3086 = 30.86%
Answer:
Discounting the future cash flows
Explanation:
The reason is that the future returns will devalue with money received because of the Inflation. The money received after some years will result in fall in its value. So the amount received after some year of an equal amount to the amount today will not be worth the same. So discounting of future value receipts helps in decision making in todays value.
Correct answer is C, Pantry Chef.
The area where salads, cold appetizers, pates, canapes, terrines, etc are made is called Pantry. And the person who is in charge of this area is called the Pantry Chef.
A pantry chef is responsible for the making of the above mentioned food in the pantry area.
Answer:
$24,550
Explanation:
Computation for the estimated cost of the ending inventory
Net Sales = $415,000
Gross Profit rate= 37%
Cost of goods Sold = 100%- 37% = 63%
Cost of Goods Sold =$415,000*63% = $261,450
Cost of Goods Available for sale = $286,000
Using this formula
Estimated Cost of Ending Inventory= Cost of goods available for sale - Cost of Goods Sold
Let plug in the formula
Estimated Cost of Ending Inventory = $286,000-$261,450
Estimated Cost of Ending Inventory = $24,550
Therefore the estimated cost of the ending inventory is $24,550
