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Amanda [17]
3 years ago
6

This year, Major Healy paid $40,000 of interest on a mortgage on his home (he borrowed $800,000 to buy the residence in 2015; $9

00,000 original purchase price and value at purchase), $6,000 of interest on a $120,000 home equity loan on his home (loan proceeds were used to buy antique cars), and $10,000 of interest on a mortgage on his vacation home (borrowed $200,000 to purchase the home in 2010; home purchased for $500,000). Major Healy’s AGI is $220,000. How much interest expense can Major Healy deduct as an itemized deduction?
Business
1 answer:
icang [17]3 years ago
5 0

Answer:

$50,000

Explanation:

The computation of the interest expense for deduction is shown below:

= Interest on a mortgage on his home + Interest on a mortgage on his vacation home  

= $40,000 + $10,000

= $50,000

All other information which is given in the question is not relevant for the computation part. Hence, ignored it  

We simply add both types of interest related to a mortgage on the home

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Krazy Kayaks sells its entryminuslevel kayaks for​ $750 each. Its variable cost is​ $500 per kayak. Fixed costs are​ $25,000 per
Daniel [21]

Answer:

Net operating income= 565,000

Explanation:

Giving the following information:

Krazy Kayaks sells its entry-level kayaks for​ $750 each. Its variable cost is​ $500 per kayak. Fixed costs are​ $25,000 per month for volumes up to​ 1,100 kayaks. Above​ 1,100 kayaks, monthly fixed costs are​ $60,000.

Sales= 2,500*750= 1,875,000

COGS= (500*2,500)= (1,250,000)

Gross profit= 625,000

Fixed costs= (60,000)

Net operating income= 565,000

7 0
3 years ago
Assume a company makes only three products, B, C, and D:
Vsevolod [243]

Answer:

d) $13

Explanation:

contribution margin per unit:

  • product B = $45
  • product C = $39
  • product D = $25

contribution margin per machine hour:

  • product B = $45 / 2.5 = $18
  • product C = $39 / 3 = <u>$13</u>
  • product D = $25 / 1.25 = $20

the company should first produce 800 units of product D and use 1,000 machine hours. Then it should produce 680 units of product B using 1,700 machine hours. In order to produce the remaining 20 units of product B and the 600 units of product C, the company must rent machine hours and the maximum possible price per hour is $13 (contribution margin per machine hour product C).

8 0
3 years ago
Pizza Heaven is a small specialty pizza shop that just opened its doors in the downtown area this year. They serve only menu ite
Sergeu [11.5K]

Answer:

The answer is: B) concentrated/niche marketing

Explanation:

Niche (or concentrated) marketing concentrates all of its actions and promotions on small but very specific and well defined segments of the population. A niche marketing strategy focuses on becoming a big fish on a small pond, and usually charging a higher price for the niche product. The specific needs and requirements of those "niche customers" are usually not well addressed by mass marketing actions.

6 0
3 years ago
15 points &amp; Brainliest! please show your work first &amp; explain why &amp; how you got it. Alegbra 2 questions!
jasenka [17]
18a.

the y-intercept is the value of the function at x = 0.
so y-intercept is 5/8.

constant multiplier you can find by dividing a y-value by the previous y-value:

(y at x = 1) / (y at x = 0) is
(15 / 32) / (5 / 8)
but dividing by fraction is same as multiplying by reciprocal:

(15 / 32) · (8 / 5) ⇒ (15 · 8) / (32 · 5) ⇒ (3 · 1) / (4 · 1) = 3/4
(since 15 and 5 cancel to 3 and 1; 8 and 32 cancel to 1 and 4

the constant multiplier is 3/4 (you can confirm by repeat multiplying the y-values by 3/4 to get the next one)

18b.

y-intercept is 0.01

constant multplier:

(y at x = 1) / (y at x = 0) = 0.1 / 0.01 = 10

constant multiplier is 10

18c.

y = m/n(o/p)^x

y intercept is at x = 0:
y = m/n(o/p)^0
since anything to power of 0 is 1, we are left with
y = m/n

y-intercept is m/n.

The constant multiplier is o/p

i don't really have news papers or magazines around for that last bit, but if you could look for population data and such they can be exponential.



7 0
4 years ago
Ethel is a widow and is approaching 75 years of age. Historically, she has deposited all of her money into her bank savings acco
7nadin3 [17]

Answer: C. Ethel should maintain an appropriate savings balance to cover unforeseen circumstances and should consider investment in a balanced mutual fund, which carries lower risk, higher yields than CDs, and the potential for growth

Explanation:

Given Ethel situation and history, Ethel should maintain an appropriate savings balance to cover unforeseen circumstances.

As a result of her age and due to the fact that she possesses a limited investment experience, there may be too much risk for her if she focuses on large-cap securities

Therefore, she should should consider investment in a balanced mutual fund, which carries lower risk, higher yields than CDs, and the potential for growth.

5 0
3 years ago
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