Answer:
The amount that is deductible as interest expense for Renee in 2021 is:
= $4,000.
Explanation:
a) Data:
Home mortgage - $110,000
Interest on home mortgage = $4,000
Home equity loan for a cruise around the world = $130,000
Interest on the home equity loan = $8,000
Deductible interest expense for Renee in 2021 is $4,000
b) Usually, the interest expenses that a taxpayer pays on her home equity loan to enjoy a cruise around the world, on personal credit card, on automobile loan, and on other types of personal consumer finance interests are not tax-deductible.
Answer:
The correct answer is:
0.50 (B)
Explanation:
The Lerner index is used by monopolists to measure market/monopolist power, and it is defined as the percent markup of price over marginal cost.
It is given by the formula:
Note: in a perfectly competitive market, L = 0, which makes Price = Marginal cost in the equation above. But in a competitive market, it is always the case that L ≥ 0
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Receiving provides 12,000 receiving hours and costs $60,000 per year.
Estimated manufacturing overhead rate= 60,000/12,000= $5 per hour
Answer:
A). A real estate development company wants to estimate the probable sales of construction services on the basis of marriage rates, population movement in the region, and interest rates on construction loans.
Explanation:
Multiple regression is elucidated as the statistical technique employed to determine the association between two or more dependent or response and independent/explanatory variables.
As per the question, the multiple regression can be employed in the first situation where 'a real estate company wishes to forecast the probable sales of construction on the basis of....loans.' Multiple regression analysis would help in representing the linear relationship between these two variables that helps in ensuring effective analysis and making predictions and ensuring optimum output. Thus, <u>option A</u> is the correct answer.
True! culinarian comes from the root word 'culinary'
