How to study for a difficult college course?

Because of an accident royce was involved in, his insurance company has increased his annual premium for auto insurance by 5.2%.

ch4aika [34]

The answer is going to be D.... $571.24

5 0

4 years ago

Read 2 more answers

Which formula should be used to correctly calculate the<br> monthly mortgage payment?

Charra [1.4K]

What’s the question

7 0

4 years ago

Pina Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $453,600. The estimated fair val

ololo11 [35]

Answer:

Land = $75,600

Building = $277,200

Equipment = $100,800

Explanation:

For computing the recorded amount, first we have to determine the total assets fair value which is shown below:

= Land + building + equipment

= $86,400 + $316,800 + $115,200

= $518,400

Now the recorded amount would be

For Land:

= Land ÷ Total estimated fair value × cash payment

= $86,400 ÷ $518,400 × $453,600

= $75,600

For Building:

= Building ÷ Total estimated fair value × cash payment

= $316,800 ÷ $518,400 × $453,600

= $277,200

For Equipment:

= Equipment ÷ Total estimated fair value × cash payment

= $115,200 ÷ $518,400 × $453,600

= $100,800

5 0

3 years ago

Developing countries rely heavily on income from the export of a handful of primary commodities, which are raw materials such as

zhannawk [14.2K]

Answer:

There is no doubt that this is true or false question

The correct answer is true

Explanation:

Developing countries are countries whose industrialization base is low coupled with low development index.

By industrialization I mean the deployment of technologically powered machines for the production of goods as well as rendering of services instead of heavy dependence of labor.

In most developing countries mostly found in Africa , there is heavy dependence on foreign exchange earned from sale of primary commodities as they lack the required technological gadgets to turn them to finished products.

3 0

3 years ago

25. On January 1, X9, Gerald received his 50 percent profits and capital interest in High Air, LLC, in exchange for $2,700 in ca

coldgirl [10]

Answer:

The amount of loss that Gerald

can deduct is $5,050, and how much loss must he suspend if he only applies the tax basis loss limitation is $2,700

Explanation:

Calculation to determine How much loss can Gerald deduct, and how much loss must he suspend if he only applies the tax basis loss limitation

Calculation for Gerald's initial tax basis is

Gerald's initial tax basis= [$2,700 + $3,700 - $2,700 + (50% × $2,700)]

Gerald's initial tax basis= [$2,700 + $3,700 - $2,700 + $1,350]

Gerald's initial tax basis= $5,050

Calculation for Gerald allocation

Gerald 50% allocation =50%*$15,500

Gerald 50% allocation =$7,750

Calculation for the Remaining loss that would be suspended and carried forward indefinitely

Suspended loss= $7,750-$5,050

Suspended loss= $2,700

Therefore the amount of loss that Gerald

can deduct is $5,050, and how much loss must he suspend if he only applies the tax basis loss limitation is $2,700 ($7,750-$5,050)

3 0

3 years ago