Answer: D. $7,500
Explanation:
Before the $150,000 mortgage at 5%, the existing $40,000 balance of the loan was paid off. Therefore, only the mortgage was payable. At 5% x %150,000 = $7500 interest.
Therefore, the amount $7500 interest expense Kris will deduct as home related interest expense would be $7,500.
The answer to your question is IRS
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Variable manufacturing cost, $30
Applied fixed manufacturing overhead, $15
<u>Under the absorption costing method, the unitary product cost is calculated using the variable manufacturing cost and allocated fixed overhead.</u>
Unitary product cost= 30 + 15= $45
Answer: investment Income
Explanation: By Carrying the Investment at fair Value or by using equity method would ensure that the investment income is spread adequately across the Corporation over the years be it two years or three years. This would also help the corporation to make proper planning around their budget and finances as regards to units in the corporation.
Answer:
Change in checking deposit is $18,20,000
Explanation:
Checking account is the kind or form of deposit account that is held at a institution and it allows the deposits as well as withdrawals.
The change in the checking deposit is computed as:
Change in Checking deposit = Deposit amount / Required reserve ratio
where
Demand deposit is $800,800
Required reserve ratio is 0.440
Putting the values above:
Change in checking deposit = $800,800 / 0.440
Change in checking deposit = $18,20,000