Answer:
e. $5,000.
Explanation:
To calculate deductible investment interest expense, we have to know the followings:
- total investment income for investments
- total investment interest expenses (for loans used to purchase taxable investments)
As IRS guided, if the expenses are less than net investment income, the entire investment interest expense is deductible; and if the interest expenses are more than the net investment income, we can deduct the expenses up to the net investment income amount. The rest of the expenses are carried forward to next year.
In this scenario, Clay have total $20,000 investment income from dividends on the stock and interest on the bond, while his interest expenses is $5,000 only, lower than less than net investment income.
So Clay's entire investment interest expense ~ $5,000 is deductible
Answer:
$1.15 billion
Explanation:
Given that,
Ending retained earnings = $1.52 billion
Net income = $0.41 billion
Dividends = $0.04 billion
Beginning retained earnings:
= Ending retained earnings - Net income + Dividend
= $1.52 billion - $0.41 billion + $0.04 billion
= $1.15 billion
Therefore, the beginning retained earnings of this company is amounted to be $1.15 billion.
Answer:
Check below for the explanations
Explanation:
1) No, Justin does not have a good attitude to work. The characteristic of a good employee is the ability to make sound, effective and critical decisions. There are situations that require workers to use their discretion, Justin is acting like a robot and is failing in this regard.
2) I would let him realize the importance of team work in an organization. For an organization to develop, the culture of team work and not individuality must be encouraged. I would advise him to let go of his high - mindedness and let us work as a team.
3) It was not right to argue with his co-worker most especially when he was wrong. Justin could have verified the information given to him by his co-worker and put things in order. Nobody is above mistake, the ability to identify them and listen to corrections makes one a good employee.
4) Justin was not correct. He lacks discipline for broadcasting the personal discussions between two people in an organization, more importantly when it is not malicious to the growth of the organization. That is intrusion of privacy.
5) The supervisor was probably rebuking Justin for his bad attitudes to work. His attitude of infidelity, inability to keep secret and insubordination.
She can also issue him a query for this acts
If I was one of Justin's co-workers, I would advise him on the proper work ethics and how to apply them. I would also advise him for an attitudinal change.
Answer:
$2,680
Explanation:
The computation of the overall effect on operating income is shown below:
Sale after further processing (1,800 units × $5.50) $9,900
Less: Sale at split off point (1,800 units × $2.90) -$5,220
Incremental revenue $4,680
Less : Incremental cost -$2000
Incremental income $2,680
Answer: Assuming there are a fixed amount of seats in the stadium, all seats are available to be sold, and the price of tickets before the ceiling was at an equilibrium point above $50.
The price ceiling will create a <u>SHORTAGE</u> of tickets, which will be greater if demand is more <u>ELASTIC</u>, and <u>THE SAME NUMBER OF</u> people will attend the events. Group of answer choices