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swat32
3 years ago
15

On March 1, Roxanne acquires a house for $160,000. She pays $20,000 down and borrows the remaining $140,000 by obtaining a 15-ye

ar mortgage. Roxanne pays $3,500 in closing costs and $2,500 in points in purchasing the house. During the year, she pays $10,300 of interest on her mortgage. a. Roxanne's allowable interest deduction for the year is $. b. How would your answer to the above question change if Roxanne already owned her home and the points paid on March 1 were for a 15-year mortgage to refinance her existing mortgage. Her total allowable home mortgage interest deduction is $ .
Business
1 answer:
natali 33 [55]3 years ago
4 0

Answer:

a)$12,800.00

B)$10,439

Explanation:

Please see attachment

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firm purchased copper pipes a few years ago at ​$10 per pipe and stored​ them, using them only as the need arises. The firm coul
Lostsunrise [7]

Answer:

The opportunity cost of each pipe and what is the sunk​ cost is $77 and $67 per pipe respectively.

Explanation:

Opportunity cost: The opportunity cost is that cost which is incurred to choose the best options with the available options.

Sunk cost: The sunk cost is that cost which is not recovered in the future. Its other name is the past cost. It does not help to make future decisions as if it is incurred then it cannot be recovered again

So, the opportunity would be the current price i.e $77

And, the sunk cost is $67 per pipe ($77 - $10)

7 0
2 years ago
What line item flows from the statement of retained earnings to the balance​ sheet?
-Dominant- [34]

Answer:

Retained Earnings

Explanation:

The statement of retained earnings is prepared after preparing the income statement but before preparing the balance sheet. The reason behind this is that the statement of retained earnings is used to calculate the amount of retained earnings at the end of the period to be shown in the balance sheet.

3 0
3 years ago
LO 2.2Which of the following is not considered a product cost?
Usimov [2.4K]

Answer:

selling expense

Explanation:

The cost which is charged to manufactured a product is known as product cost

Plus product cost is a combination of direct material; direct labor and indirect cost i.e indirect material and indirect cost

In mathematically,

Product cost = Direct materials cost + Direct labor cost + manufacturing overhead cost

The indirect cost is also known as manufacturing overhead cost.

The cost which is charged to manufactured a product is known as product cost

7 0
3 years ago
Acort Industries owns assets that will have a 75% probability of having a market value of $52 million in one year. There is a 25
abruzzese [7]

Solution :

a). The current market value of the unlevered equity

   $=\frac{75\% \times \$52 \text{ million} + 25\% \times \$22 \text{ million}}{1+10 \%}$

   = $ 40.45 million

b). The market value of the equity one year from now is

  $=(75\% \times \$52 \text{ million} + 25\% \times \$22 \text{ million})- \$18 \ \text{million}$

  = $ 44.5 million - $ 18 million

  = $ 26.5 million

c). The expected return on the equity without the leverage = 10%

     The expected return on the equity with the leverage =   $=10\% +\frac{ \$22 \text{ million}}{\$ 26.5 \text{ million}}$

= 0.93 %

d). The lowest possible value of equity without the leverage = $20 million - $ 18 million

= $ 2 million

The lowest return on the equity without the leverage = 10%

The lowest return on the equity with the leverage = 2 % as the equity is eroded.

8 0
2 years ago
A stock just paid a dividend of $4.97 and is expected to maintain a constant dividend growth rate of 4.3 percent indefinitely. I
pshichka [43]

Answer:

68

Explanation:

5 0
2 years ago
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