Answer:
Statement of retained earnings
For the year ended 2017
Retained earnings, January 1, 2017 $0
Add: Net Income $54,000
Less: Dividends $<u>22,000</u>
Retained earnings, December 31, 2017 <u>$32,000</u>
Statement of retained earnings
For the year ended 2018
Retained earnings, January 1, 2018 $0
Add: Net Income $59,000
Less: Dividends <u>$34,000</u>
Retained earnings, December 31, 2018 <u>$25,000</u>
Answer:
Second-degree price discrimination.
<h3>
Explanation:</h3>
- Second-degree price discrimination occurs when a company charges a different price for different quantities consumed, such as quantity discounts on bulk purchases.
- It involves pricing goods and services in such a way that it drums up demand and consumption.
- There are various degrees of this strategy, notably first-, second-, and third-degree price discrimination.
To learn more about second-degree price discrimination, refer
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Answer:
too crowded. better to be happy alones at homes with computers. unless you got a big home with a lot of rooms and can still be alones
Answer:
25%
Explanation:
Data provided
Risk free return = 3%
Beta = 2
Expected return on the market portfolio = 14%
Risk-free rate of return = 3%
The computation of cost of retained earnings is shown below:-
Cost of retained earnings = Risk free return + Beta × Risk premium
= 3% + 2 × (14% - 3%)
= 3% + 2 × 11%
= 3% + 0.22
= 25%
Therefore, for computing the cost of retained earning we simply applied the above formula.
Answer: $3,500
Explanation:
The American Opportunity Tax Credit is a credit offered by the IRS for educational expenses paid on qualified students in their first 4 years of tertiary education.
The credit offered stands at a 100% of the first $2,000 paid per student. Afterwards this drops to 25% for the next $2,000.
To be able to claim the full credit however, some income conditions must be met. The most relevant to this question is that your Modified Adjusted Gross Income (MAGI) should be $80,000 or less if filing singularly or $160,000 or less if jointly signing as a married couple.
That means that Kyle and Alyssa qualified for 100% of this credit.
They get to claim $1,000 on Jane.
For Jill they get to claim the first $2,000 and then 25% of the next $2,000,
= 25% * 2,000
= $500
= 500 + 2,000
= $2,500
They get to claim $2,500 on Jill.
Total of $3,500 for both Jane and Jill.