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Alborosie
3 years ago
8

Naomi and Matt received the following amounts from a tenant who is renting their condominium during the current year (rent is $1

500 per month): 2 months rent 2200 Deposit 1600 Rent for two months would normally have been $3000, but the tenant paid $800 for plumbing repair. The repair would normally have been paid by Naomi and Matt but the problem occurred while they were out of the town. How much should Naomi and Matt report as rental income for the current tax year? C
A. $2200
B. $2400
C. $3000
D. $4600
Business
1 answer:
Ronch [10]3 years ago
6 0

Answer:

$3000

Explanation:

If a tenant pays an expense usually paid by the taxpayer in place of rent, that expense is considered as part of rental income to the taxpayer.

The income to be included will be: $ 2200 paid as deposit, Plus $ 800 paid for plumbing repairs.

= $2200+$800

=$3000

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An airline is considering a project of replacement and upgrading of machinery that would improve efficiency. The new machinery c
Nikolay [14]

Answer:

$172.25

Explanation:

initial outlay for the project = -$350

cash flow years 1-5 = [($300 - $135 - $70) x (1 - 36%)] + $70 (depreciation expense) = $60.80 + $70 = $130.80

using an excel spreadsheet and the NPV function, we can calculate the project's NPV with an 8% discount rate:

=NPV(8%,130.80,130.80,130.80,130.80,130.80) - $350 = $522.25 - $350 = $172.25

we can also do it manually:

NPV = -$350 + $130.80/1.08 + $130.80/1.08² + $130.80/1.08³ + $130.80/1.08⁴ + $130.80/1.08⁵ = $172.25

6 0
4 years ago
Mary's a marketing manager for a nationwide restaurant chain. She's considering which channel she should use to advertise her re
Vilka [71]

Answer:

Television

Explanation:

By doing the promotion in a television could be beneficial for the company as most of the audience are habitual to see the television and ofcourse many of them could aware of the company product by seeing the attractive schemes that ultimately benefit to the company and the customers

So in order to upgrade the menu, Mary used traditional channels and to reach to a broad audience, the television is one of the most traditional channel used

8 0
3 years ago
Suppose that the production of $500,000 worth of steel in the United States requires $100,000 worth of iron ore. The U.S. nomina
brilliants [131]

Answer:

The effective rate of protection for the U.S. steel industry is approximately 17.5%

Explanation:

Mathematically, the effective rate of protection is calculated as follows;

e = (n-ab)/(1-a)

where n is the nominal tariff rate on the final product , a is the ratio of the value of the imported input to the value of the finished product and b is the nominal tariff rate on the imported input

Mathematically;

a = value of iron ore/value of steel = 100,00/500,000 = 1/5 = 0.2

From the question, we can see that nominal tariff rate for steel n = 15% = 15/100 = 0.15

The nominal rate for iron ore b = 5% = 5/100 = 0.05

So we substitute all of these into the equation of e above

e = {0.15-0.2(0.05)}/(1-0.2) = (0.15-0.01)/0.8 = 0.14/0.8 = 0.175 which is same as 17.5%

3 0
3 years ago
The profit-maximizing perfectly competitive firm charges a price equal to __________ while the profit-maximizing monopolistic co
Karo-lina-s [1.5K]

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged fun fact btwwwww

Explanation:

8 0
3 years ago
the hire purchase price of a table And chairs is shilling 16800 with 25% paid as a deposit .the rest is spread over 12 equal mon
ZanzabumX [31]

Answer:

shillings . 4,200

Explanation:

The hire purchase price Shs. 16,800

The deposit is 25% of 16,800

= 25/100 x 16,800

=0.25 x 16,800

=Shs. 4,200

4 0
3 years ago
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