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Goryan [66]
4 years ago
14

Desai and Lucy divorced in 2018. Lucy has custody of their child, Andrea, and under the divorce decree Desai pays Lucy $120,000

per year. The payments must be made in cash and will cease if Lucy dies or remarries. The payments drop to $100,000 per year once Andrea reaches the age of 18. How much of the payments should Lucy include in gross income this year
Business
1 answer:
ioda4 years ago
4 0

Answer:

$100,000

Explanation:

Lucy will include $100,000 in gross income during the taxable year, Constant income of $100,000 will receive per year in any case.

In the given scenario, Desai has to pay $120,000 but if Lucy Die or remarries, he have to pay only $100,000.

So, $100,000 qualify as Lucy Gross taxable income during the year.

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Sam's Pizza is considering a new store location. For accounting purposes, fixed operating costs for a store are $245,000 a year,
Yuki888 [10]

Answer:

33,793   pizzas

Explanation:

The annual break-even sales level for the number of pizzas sold in the location is computed using the break-even sales units formula  below:

break-even sales=fixed costs/contribution margin per pizza

fixed costs=$245,000

contribution margin per pizza=selling price-variable cost

selling price=$12.50

variable cost=selling price*42%

variable cost=$12.50*42%

variable cost=$5.25

contribution margin per pizza=$12.50-$5.25 =$7.25

break-even sales=$245,000/$7.25 = 33,793   pizzas

5 0
3 years ago
Reflection of food and beverage
hram777 [196]

Answer:

The interpretation of the sort of situation is characterized following portion.

Explanation:

  • Food and beverage organizational leadership would be important for generosity, tourist activities, and instructional design learners. Relatively increased educators are encouraged throughout the resource allocation of different approaches.
  • Because several learners have the understanding and although F&B capitalists, evaluation using these thoughts and feelings can be an essential part of the strategy.
4 0
3 years ago
Tax savings generated from deductions are considered cash inflows.
lubasha [3.4K]
Tax savings generated from deductions are considered cash inflows.

Answer: false

Hope this helps
3 0
4 years ago
In a period of rising prices, the inventory method which tends to give the highest reported net income is:
Blizzard [7]

Answer:

b. first-in, first-out.

Explanation:

Generally, there are three methods for estimating the inventory shown below:

1. First-in-first, the company is selling the old products in this way than the new ones, which means first selling the old products and then selling the new ones

2. Weighted average method: Weighted cost is measured by considering the total revenue and total purchase

3. Last-in-first-out: Contrary to the first-in-first-out process, the first sale of new goods, then selling of old goods.

4. Base stock: The process by which the orders of the consumer are fulfilled by holding the less inventory

In the FIFO method, the highest ended inventory results in the lower cost of goods sold at the highest net profits.

7 0
3 years ago
Cane Company manufactures two products called Alpha and Beta that sell for $150 and $105, respectively. Each product uses only o
DedPeter [7]

Answer:

1. $2461000

2.$1605000

3. $24000

4. $45000

Explanation:

See attached files

8 0
3 years ago
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