Answer:
$3500 is deductible
Explanation:
The question is not complete . Please see the solution below :
The Investment Interest expense can be set off against Net Investment income ( Interest income - Investment expenses i.e $25000-$2000=$23000) to the extent and the remaining is carried forward to the next year. so here the investment interest expense is wholly set off against the interest income i.e $3500 is deductible
By questioning the proposal done by Hugh, Irene showed the characteristic of being able to scrutinize properly certain things. This attitude is helpful especially when we are in doubt of the certain subject. By doing so, we can help those who proposed it to further do improvements on the certain subject.
The Great Depression, the recession, I don't know the other one.
Answer:
$267.1211
Explanation:
return on preference share per unit is $6 , thus at 12% annual rate of return. Initial value of preference shares will be $50 per unit ( $6 divided by 12%).
Total value of preference shares = $50 multiplied by 100 preference shares = $5000
Future value of preference shares = 5000 (1.12)^5 = $8,811.7084
to find the value of money to be deposited to be able to buy the preference shares at the end of 5 yrs.
we work back to get the present value using the mutual fund annual rate
$8811.7084 = pv (1.06)^60 the rate is compounded monthly. Hence we shall compound the return 60 times in 5 years
Bank account money = 8811.7084 divided by 32.9877 = $267.1211
Answer:
B) False
Explanation:
Trade usually benefits all the nations involved. We can use an extreme example, Chinese-American trade. America has a huge trade deficit with China, but still the whole country benefits from it. America lost some manufacturing jobs, but they have been replaced by higher paying service related jobs (currently service related jobs account for more than 70% of the total jobs in America).
And more important, American citizens are able to buy very good and cheap products from China and other places. Imagine if we had to pay for only domestic products, we would spend a much larger portion of our income in them.
