What types of things do you buy with a credit card

Jamarcus, a full-time student, earned $2,500 this year from a summer job. He had no other income this year and will have zero fe

Ne4ueva [31]

Answer:

The correct answer is: No, Jamarcus is not required to file a tax return.

Explanation:

According to the Internal Revenue Service (IRS) requirements for 2019, taxpayers who are single under 65 years-old with an income of $12,200 or higher must file a tax return. Taxpayers who are 65 years old or older with an income of $13,850 or higher are also obligated to report their income to the IRS.

Thus, as Jamarcus' income for the year was $2,500 only, he is not required to file a tax return.

4 0

4 years ago

Ramirez Company sells a product for $80 per unit. The variable cost is $60 per unit, and fixed costs are $4,850,000. Determine (

labwork [276]

Answer:

(A) Break even will be $19,400,000 or 242,500 units
(B) Target profit in sales units will be 267,500 units

Explanation:

Break Even Point (dollars) = Fixed Cost / contribution margin ratio

Break Even Point (units) = Fixed Cost / contribution margin per unit

Contribution Margin Unit = Sales Price - Variable Cost = 80 - 60 = 20

Contribution Margin Ratio = Contribution per unit / Sales Price = 20 / 80 = 0.25

Break even will be $19,400,000 or 242,500 units

Remember:

Contribution Margin will be sales minus variable cost

while the ratio is doing the contribution over the sales price

Trget profit (units) = target profit / contribution per unit +BEP =

500,000/20 + 242,500 = 267,500

or (target profit + fixed cost) / contribution margin per unit =

(4,850,000 + 500,000) / 20 = 267.500

Remember:

Target profit always must be higher than BEP (break-even point) If not, either or both are wrong, because in order to make gains, first you need to pay the fixed cost (BEP) so target profit number needs to be higher than that, always.

4 0

3 years ago

Masters Corp. issues two bonds with 20-year maturities. Both bonds are callable at $1,050. The first bond is issued at a deep di

I am Lyosha [343]

Answer:

Explanation:

a)

The YTM of the bond at par value is equals to its coupon rate, 8.75%. Other things being equal, this 4% coupon rate bond will be more eye-catching as the coupon rate is lower than the current market yields, and its price is far below the call price. So, if yields drop, capital gains on the bond will not be restricted by the call price.

b)

If an investor foresees that yields will fall considerably, the 4% bond proposes a better expected return.

c)

Implicit call protection is offered in the sense that any likely fall in yields would not be nearly enough to make the firm consider calling the bond. In this sense, the call feature is almost irrelevant

3 0

3 years ago

Credit cards can help _____________ when paid off on time regularly.

Oksi-84 [34.3K]

Answer:

lower your debt

Explanation:

3 0

3 years ago

Sometimes bonds currently sell for ghs 1,150. they have a 6.75% annual coupon rate and a 15-year maturity and are callable in 6

ipn [44]

The rate of return should an investor expect to earn if he or she purchases these bonds is 4.81%

<h3>What is rate of return?</h3>

A return in finance is a profit on an investment. It includes any change in the investment's value and/or cash flows received by the investor, such as interest payments, coupons, cash dividends, stock dividends, or the payoff from a derivative or structured product.

Annual Rate of Return: Definition and Calculation

For example, if an investment is worth $70 at the end of the year and was purchased for $60 at the start of the year, the annual rate of return is 16.66%.

A good return on investment is generally thought to be around 7% per year. Based on the historical average return of the S&P 500 after correcting for inflation, this is the barometer that many investors utilize.

(complete solution in attached image)

To know more about rate of return follow the link:

brainly.com/question/24301559

#SPJ4

4 0

1 year ago