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Gelneren [198K]
3 years ago
8

Seth invested $44,000 in Series EE savings bonds on April 1. By December 31, the published redemption value of the bonds had inc

reased to $45,420. How much interest income will Seth report from the savings bonds in the current year absent any special election
Business
2 answers:
Alik [6]3 years ago
7 0

Answer:

Seth will not report any interest income on the Series EE savings bond unless he elects to have the increase in redemption value taxed currently.

Explanation:

On Series EE bonds, If seth elects cash-based reporting on income tax, he can defer payment of taxes on the interest income of Series EE savings bonds until he redeems the bond or 30 years from the date it is issued. So Seth has to pay report no interest income by December 31 unless he elects to have the increase in redemption value taxed currently.

Lunna [17]3 years ago
5 0

Answer: $0

Explanation:

Series EE Bonds are interest - bearing the United State of American government savings bonds which has guarantee to at least doubling in value over their normal 20-year initial terms. Few Series EE bonds pay interest above the original due date, up to 30 years from issuance

Seth will not report any interest income from the EE savings bonds currently unless he elects to have the increase in redemption value taxed currently.

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Two​ firms, A and B​, must each choose either a low price or a high price for their product. The payoff matrix shows the profit
ahrayia [7]

Answer: 1. A.Both firms will choose the low price.

2. B. Both firms would choose the high price.

Explanation:

1. If the firms cannot cooperate with each other and must choose simultaneously, both firms will choose the low price.

This is because at the low price both of them are at the highest profit they can make when they are not cooperating. For instance, if Firm B chooses Low Price and Firm A chooses High Price, Firm A will make $3 million while Firm be will make $8 million.

If Firm B decides to have a high price then firm A will take the low price and make $8 million in profit while Firm B makes $4 million. If they are not working together, they will both have to take the low price to make the most profit.

2. If the firms could cooperate with each​ other, both firms would choose the high price.

The is because they will be making more than competing and getting a lower profit. Should they cooperate they will each get $7 million in profit because they will pick the option they can both make the highest profit at. The is better than competing and making only $5 and $6 million respectively.

If you need any clarification do comment. Cheers.

4 0
2 years ago
Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
photoshop1234 [79]

Answer:

Unit product cost= $84

Explanation:

Giving the following information:

Units produced 8,700

Direct materials $13

Direct labor $55

Variable manufacturing overhead $1

Fixed manufacturing overhead $130,500

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary fixed overhead= 130,500/8,700= $15

Unit product cost= 13 + 55 + 1 + 15= $84

5 0
3 years ago
Matteo just left the Army after 20 years of service. During his service, he managed to save a little money and is now entitled t
atroni [7]

Answer:

The answer is: B) He should check out the enterprise zones in Arizona

Explanation:

Enterprise zones were created to attract new businesses and investments to certain urban areas by offering tax concessions, infrastructure incentives and reduced regulations. Companies usually can locate for free there (some give out land to businesses for free), and the business don't have to pay certain taxes for doing so (usually local and/or state taxes, but sometimes even some federal taxes).

8 0
3 years ago
Kay’s dog-walking service is a profit-maximizing, competitive firm. Kay walks dogs for $7.50 each. Her total cost each day is $4
devlian [24]

Answer:

Because he is able to cover the variable cots, he should keep going in the short run. He must increase the number of walks to cover the fixed costs.

Explanation:

Giving the following information:

Kay walks dogs for $7.50 each. Her total cost each day is $45—she spends $35 a day on gas driving to different neighborhoods, and her liability insurance and other fixed costs average out to $10 per day.

Kay walks five dogs a day.

Income= 7.5*5= $37.5

Total cost= 45

Loss= (7.5)

Because he is able to cover the variable cots, he should keep going in the short run. He must increase the number of walks to cover the fixed costs.

6 0
2 years ago
Banks make a profit by
Neporo4naja [7]
When people take money out of the bank, they have to pay them back with a little more and interest is why.<span />
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3 years ago
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