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Solnce55 [7]
3 years ago
14

As the owner of a Bluetooth specialties store, Alicia Fontainebleau has an income of $72,000. She pays $30,000 per year in taxes

and another $22,000 per year in grocery bills, house mortgage, and car payment. Last year she spent an additional $4,000 on a two-week vacation at a Club Med in Rio de Janeiro. What was Alicia's discretionary income last year
Business
1 answer:
marissa [1.9K]3 years ago
6 0

Answer:

$20,000

Explanation:

The computation of the discretionary income last year  is shown below:

Discretionary income last year  = Income - taxes paid per year - other expenses paid

= $72,000 - $30,000 - $22,000

= $20,000

We simply deduct the taxes and the other expenses from the income so that the discretionary income last year  could arrive

Plus we do not considered the additional expenditure spent

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2 years ago
The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported the following information (in thousands).
creativ13 [48]

Answer:

A. $1,517,648 thousand

Explanation:

The computation of the cost of goods sold using the FIFO method is shown below:

= Cost of goods sold under LIFO - (Ending LIFO reserves - Beginning LIFO reserves)

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4 0
3 years ago
What is the purpose of NCUA Lending Regulations?
Dafna11 [192]
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3 years ago
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The statement, "You are more likely to control risks when they are identified earlier rather than later" is associated with what
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Answer:

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Answer:

C) more than 5Y

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3 years ago
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