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8_murik_8 [283]
3 years ago
15

Mickey is a 12-year-old dialysis patient. Three times a week for the entire year he and his mother, Sue, drive 20 miles one way

to Mickey’s dialysis clinic. On the way home, they go 10 miles out of their way to stop at Mickey’s favorite restaurant. Their total round trip is 50 miles per day. How many of those miles, if any, can Sue use to calculate an itemized deduction for transportation? Use the mileage rate in effect for 2019.
Business
1 answer:
gavmur [86]3 years ago
4 0

Answer:

The right approach will be "$ 1123.2".

Explanation:

The number of miles to be used will be:

= 40 \ miles \ round \ trip\times  3 \ trips \ per \ week\times 52 weeks

= 6240 \ miles

Now,

The item deduction will be:

= Number \ of \ used \ miles\times 18 \ cents \ per \ mile

= 6240\times 1123.2

= 1123.2 ($)

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Chiquita produces bananas for an average explicit cost of $0.25 per banana and sells 1 million bananas per week for a price of $
VLD [36.1K]

Answer:

Chiquita makes an economic profit of $250,000.

5 0
3 years ago
Florida groves has a $380,000 bond issue outstanding that is selling at 97.4 percent of face value. The firm also has 2600 share
leva [86]

Answer:

Maket value of the comapny                                $

Market value of bond ($380,000 x 97,4/100)    370,120

Market value of preferred stocks (2,600 x $61) 158,600

Market value of common stocks (37,500 x $19) 712,500

Market value of the company                              1,241,220

Weight to assign to common stocks = $712,500/$1,241,220 x 100

                                                            = 57.40%

The correct answer is E

Explanation:

The market value of each stock is the number of stocks issued multiplied by current market price. Market value of the company is the aggregate of market value of bond, market value of preferred stocks and market value of common stocks. The weight to be assigned to common stocks is the percentage of market value of common stocks to market value of the company.

8 0
3 years ago
jillian currently has $500 in an account with an annual rate of return of 4.3%. she has set a goal to travel and would like to h
Alchen [17]

Jillian currently has $500 in an account with an annual rate of return of 4.3%.She needs to save $46.07 each month for the trip to Hawaii

The $500 in her account will grow to =500*(1+0.043)^4 = 591.71

So she has to save 3000-591.71 = 2,408.29

The 2,408.29 becomes the FV and we have to calculate the PMT with a monthly rate of 0.043/12 and nper = 4*12 =48. We use the PMT function of excel

So she needs to save each month =PMT(rate,nper,pv,fv)  in excel = PMT(0.043/12,48,0,2408.29) = 46.07

So she needs to save $46.07 each month for the trip to Hawaii

Rate of return is a profit on funding. It accommodates any trade in value of the investment, and/or cash flows which the investor gets from that funding, which include interest payments, coupons, coins dividends, inventory dividends or the payoff from a spinoff or based product.

Learn more about rate of return here:brainly.com/question/24301559
#SPJ4

5 0
2 years ago
Help please!! I’ll give Brainliest!
disa [49]

Answer:

1.You’re unrealistic. We all want to be able to have unlimited amounts of money.

2. You think budgeting is too complicated. Don’t be scared. Budgets are fun!

Explanation:

Strategy: Take it slow and go with the flow don't get so excited about the fact of making money.

7 0
3 years ago
Read 2 more answers
Arkansas Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about t
givi [52]

Answer:

C. ​$(44 comma 000​)

Explanation:

The computation of cash flow from investing activity is shown below:

Purchase of equipment for cash ($63,000)

Sale of equipment ($19,000)

Net cash flow from investing activity = - $63,000 + $19,000 = - $44,000

In this activity, the purchase of fixed assets should be negative as it is an outflow of cash whereas the sale of fixed assets should be positive as it is an inflow of cash.

7 0
3 years ago
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