Answer:
He can include $16,000 in his gross income.
Explanation:
As the life insurance policy was transferred for some valuable consideration so the amount of valuable consideration will be deducted from the insurance proceeds.
Also premium paid by the transferee will be deducted from proceeds.
Now as the transferee received $25,000 from insuarance company.
So Tylor can include $25,000 less $7,500 less $1,500 in his gross income.
He can include $16,000 in his gross income.
Answer:
They should not be able to successfully negotiate the terms of this loan within these parameters.
Explanation:
It has been provided that RT earns 12% on his current investments and would not like to receive an interest rate of less than 12% on the loan he gives.
if RT gives a loan of $10,000 for one year, he would charge an interest rate of minimum 12%.
Interest = $10,000*0.12
= $1,200
RT requires $1,200 in interest.
It has been provided that Cynthia earns 8% on her investment.
If she borrows $10,000 and invests the amount for one year, she can earn 8% return on such amount.
Earning = $10,000*0.08
= $800
Cynthia is going to earn $800
RT requires a minimum of $1,200 as interest for 1-year loan he gives while Cynthia can pay a maximum of $10,000 as interest for 1-year loan she takes. there is mismatch between the minimum expectation to receive of lender and the maximum expectation to pay of borrower.
Therefore, They should not be able to successfully negotiate the terms of this loan within these parameters.
Answer:
a. Book value is greater than cash received.
Explanation:
Book value of an asset is the cost of an asset less accumulated depreciation
Cash received is the price the asset is sold for.
If the asset is sold for less than its book value, it is sold at a loss
If an asset is sold for more than its book value, it is sold at a gain
Answer:
Johnson & Johnson make $51,433.28 every 20 seconds
Explanation:
<u><em>The complete question is</em></u>
I'm playing a riddle game thing and one of the questions is
"How many dollars does Johnson & Johnson make every 20 seconds?"
I found that they make 81.1 billion dollars yearly, but I have no clue how to get it to 20 seconds.
Remember that
1 year=365 days
1 day=24 hours
1 hour=60 minutes
1 minute=60 seconds
so
Convert year to seconds
1 billion=1,000 millions
1 billion=1*10^9
81.1 billion dollars=81.1*10^9 dollars
we have
Convert to $/sec
Multiply by 20 sec
therefore
Johnson & Johnson make $51,433.28 every 20 seconds
Answer:
Product Qty Cost Market LCM Result
Mountain Bikes 30 $700 $650 30*650 $19,500
Skateboards 26 $230 $260 26*230 $5,980
Gliders 12 $870 $830 12*830 $
9,960
