Brad and Angelina are a wealthy couple who have three children, Fred, Bridget, and Lisa. Two of the three children, Fred and Bri
dget, are from Brad’s previous marriages. On Christmas this year, Brad gave each of the three children a cash gift of $6,500, and Angelina gave Lisa an additional cash gift of $41,000. Brad also gave stock worth $54,000 (adjusted basis of $13,500) to the Actor’s Guild (an "A" charity).
(Leave no answer blank. Enter zero if applicable.)
a. Brad and Angelina have chosen to split gifts. Calculate Brad’s gift tax. Assume that Angelina has no previous taxable gifts, but Brad reported previous taxable gifts of $2 million in 2009 when he used $345,800 of unified credit and paid $435,000 of gift taxes. (Reference the tax rate schedule in Exhibit 25-1 and the Unified Credit schedule in Exhibit 25-2 to answer this problem.)
(Leave no answer blank. Enter zero if applicable.)
a. Brad and Angelina have chosen to split gifts. Calculate Brad’s gift tax. Assume that Angelina has no previous taxable gifts, but Brad reported previous taxable gifts of $2 million in 2009 when he used $345,800 of unified credit and paid $435,000 of gift taxes. (Reference the tax rate schedule in Exhibit 25-1 and the Unified Credit schedule in Exhibit 25-2 to answer this problem.)
1 answer:
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Answer:
It will need to increase his marketing effort by $571,428.57
Explanation:
overall sales 70,000,000
overall marketing 16,000,000
current share 20%
14,000,000 sales revenue
3,200,000 marketing effort
potencial share of 22%
if we add a dollar of marketing effort, our competitor will also add a dollar.
So we have the following situation:
1 dollar of the company increase the marketing effort by 2 dollars, 1 of our own, and one for the competitors.
<u>We solve for X:</u>
3,200,000 + X = (16,000,000 + 2X) x 0.22
3,200,000 + X = 3,520,000 + 0.44X
X - 0.44X =3,520,000 - 3,2000,000
.56X = 320,000
X = 320,000/.56 = 571,428,5714
It will need to increase his marketing effort by $571,428.57
Answer:
185.531532 months
15.5 years
Explanation:
We use the NPER formula in this question that is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = $50,000
Future value = $0
Rate of interest = 9% ÷ 12 months = 0.75%
PMT = $500
The formula is given below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the answer in months would be 185.531532 month
And, in year it would be 15.5 years after dividing by 12 months, the number of year comes
