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MrMuchimi
2 years ago
7

Mike, an attorney, earns $200,000 from his law practice and receives $45,000 in dividends and interest during the year. In addit

ion, he incurs a loss of $50,000 from an investment in a passive activity acquired three years ago. After considering the passive investment, Mike's net income for the current year is $ ?
Business
1 answer:
quester [9]2 years ago
4 0

Answer:

Mike's net income for the current year is $245,000.

Explanation:

Net income for current year

= Professional income + Dividend and Interest Income

= $200,000 - $45,000

= $245,000

Therefore, Mike's net income for the current year is $245,000.

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I didn't sign up for this and I'd like my money back and to delete this account
prohojiy [21]

Answer:

Simply ask a lot of innapropiate questions and the moderators will kick u out! Have fun!

Explanation:

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2 years ago
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How many new blogs are being created daily? 120 1200 12000 120000
nikitadnepr [17]
Easily over <span>120000 , I do not think their are any statistic or too accurate sources to go by but it is a estimate.</span><span />
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3 years ago
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Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a s
olasank [31]

Answer:

A. $10.75

B. May $6,288.75

June $4,407.5

Explanation:

A . Calculation to Determine Shadee's budgeted manufacturing cost per visor.

Budgeted direct Material $4.00

Direct labor $3.6

(0.30*$12)

ariable manufacturing overhead is $1.25

Fixed overhead per unit is $1.90

Budgeted manufacturing cost per visor $10.75

Therefore Shadee's budgeted manufacturing cost per visor is $10.75

B. Computation for Shadee's budgeted cost of goods sold for May and June.

May June

Expected sales units 585 410

Minimum cost per unit $10.75 $10.75

Budgeted cost of goods sold for May and June

$6,288.75 $4,407.5

May (585*$10.75=$6,288.75)

June(410*$10.75=$4,407.5)

Therefore the budgeted cost of goods sold for May is $6,288.75 and June is $4,407.5.

3 0
2 years ago
When a price ceiling is​ imposed, the price system is prohibited from rationing the product in the market in which the ceiling w
padilas [110]

Answer:Queuing, Favoring customers, and ration coupons

Explanation: Price ceiling is a price control mechanism used by Government and price regulators to control the market price of a product or services, price ceiling is the price of a product above which no manufacturing company or marketer is expected to sell any Product.

Rationing methods are methods used to control the sale or availability of the product to the consumer.

Queuing is rationing method which is based on the first come first serve, everyone is served According to the time he or she comes or signify interest.

Favouring Customers is.anotjer rationing technique it gives certain Customers some prevelegd based on some conditions.

Ration coupon is used to specify which Quantity can be issued to a customer at a given time.

7 0
2 years ago
how much time does a bike with an acceleration of 2ms2 takes to increase its velocity from 10ms-2 to 30ms-2​
aniked [119]

Answer:

Time, t = 10 seconds.

Explanation:

<u>Given the following data;</u>

Initial velocity, u = 10 m/s

Final velocity, v = 30 m/s

Acceleration, a = 2 m/s²

To find the time, we would use the first equation of motion;

v = u + at

Where;

  • v is the final velocity.
  • u is the initial velocity.
  • a is the acceleration.
  • t is the time measured in seconds.

Making time, t the subject of formula, we have;

t = \frac{v - u}{a}

Substituting into the equation, we have;

t = \frac{30 - 10}{2}

t = \frac{20}{2}

<em>Time, t = 10 seconds.</em>

4 0
2 years ago
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