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Kay [80]
3 years ago
15

Bebe Rexha has AGI of $100,000 and makes the following expenditures:

Business
1 answer:
shutvik [7]3 years ago
7 0

Answer:

$31000 will be allowed as expenditure

Explanation:

given data

Wheelchair  = $10,000

Whirlpool bath = $10,000

Maintenance =  $1,000

Increased utility bills =  $1,000

various home modifications = $10,000

solution

as here value of the home increased =  $1000

and that is  increaed utility bill of the whirlpool

so that expenditure will be added to value of asset

so  

total expenditure is = $10000 + $10000 + $10000 + $1000 =  $31000

so $31000 will be allowed as expenditure

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A husband and wife have a joint account with a member firm. The wife calls the registered representative with instructions to li
natulia [17]

Answer:

A

Explanation:

Accept and execute the order as given. Even though one may be inclined to think otherwise, or want to think otherwise. The right course of action is to accept the given request, and treat it as such. Because the couple owns the account together, and they both operate it. So, either of them can actually call the representative and give instructions to them to be carried out.

8 0
2 years ago
How is marketing a service different than for a product?
satela [25.4K]
The marketing of services differs from product marketing because of the four fundamental differences involved in services: services are intangible, inseparable, heterogeneous, and perishable
4 0
3 years ago
Your mother and father are retired and need income to live on. The local financial advisor offers to sell them a product that wi
klio [65]

Answer:

To evaluate the choice, we have to calculate the present value of future cash flows and compare it with the cost. We use the following formula

    present value    =  C ×  [ \frac{1 - (1 + i)^{-n} }{i} ]​

where

                     C = yearly payments = 75000

                     i =  interest rate  = 8%

                     n = no. of years   = 15

put the given values in above equation, we get

       Present value = 75000 ×8.559478688

                               = 641,961

Since the present value of cash flow 641,961 is less than the cost 750,000, I would not recommend it.

If Interest rate = 5%, then:

Do the same procedure as above but take i=5%

        Present value = 75000 × 10.37965804

                                = 778,474

Since the present value of future cash flows 778,474 is greater than the cost 750,000, I would recommend it.

3 0
3 years ago
A negotiable certificate of deposit A. is a bearer instrument, meaning whoever holds the certificate at maturity receives the pr
lianna [129]

Answer: Option D                                                  

Explanation:  A Negotiable Deposit Certificate  refers to a $100,000 initial face value deposit contract. These are lent by a bank and therefore can typically be offered on a highly liquid resale market,although before completion of maturity period they can not be cashed in.

An NCD is brief-term, varying from two weeks and a year. Cost will be charged at completion or the unit will be bought at a discount over its face value. Rates of interest are trad-able, and an NCD's yielding depends on the circumstances of the stock market.

Thus, from the above we can conclude that the correct option is D.

8 0
3 years ago
When a company receives an interest-bearing note receivable, it will A. debit Notes Receivable for the maturity value of the not
Mkey [24]

Answer:

B. debit Notes Receivable for the face value of the note.

Explanation:

Whenever a note is receivable, it is an asset as the amount will be collected in the future, that is with exchange of such asset there is a benefit defined in terms of cash to be received by the the company.

Therefore, it will be a debit and not the credit.

Whenever a notes receivables with interest bearing element is received then the asset is carried at face value, that is recorded at face value.

As the interest to be received is part of income and not asset, therefore, notes receivables will be recorded at face value.

The correct option is:

B. debit Notes Receivable for the face value of the note.

7 0
3 years ago
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