Answer: $6,000
Explanation:
As per IRS deduction rules in 2020, the maximum deductible IRA contribution for a person who does not participate in an employer-sponsored plan is $6,000.
That is therefore the maximum deductible that William can make in this scenario.
Answer:
d.9.34%
Explanation:
The formula for the weighted average cost of capital is provided below as a starting point for solving this question:
WACC=(weight of equity*cost of equity)+(weight of debt*after-tax cost of debt)
weight of equity=1-debt %=1-50%=50%
weight of debt=50%
cost of equity=13.6%
after-tax cost of debt=7.8%*(1-35%)
after-tax cost of debt=5.07%
WACC=(50%*13.6%)+(50%*5.07%)
WACC=9.34%
The discount rate is computed based on the target or preferred capital structure
Answer:
$61,000
Explanation:
For computing the inventory lost in fire, first we have to determine the various items like - cost of goods available for sale, gross profit, cost of goods sold and ending inventory
So, the cost of goods available for sale would equal to
= Opening inventory + purchase made
= $55,000 + $310,000
= $365,000
The gross profit would be
= Sales × Gross profit percentage
= $370,000 × 30%
= $111,000
And, the costs of goods sold would be
= Sales - gross profit
= $370,000 - $111,000
= $259,000
Now the ending inventory would be
= Cost of goods available for sale - costs of goods sold
= $365,000 - $259,000
= $106,000
And, the not damaged goods were $45,000
So, the lost goods would be
= $106,000 - $45,000
= $61,000
Answer:
Nations are defined by boundaries— separating others from the self. A nation is like a human body with an immune system: repelling alien “invaders” that may penetrate into the interior
Explanation:
Answer:
c) Olive receives 15% of the stock
Explanation:
In order for Marlene and Nancy's contribution to be non-taxable, they must receive in exchange at least 80% of the S corporation's voting stocks. That means that in order for this to hold, Olive has to receive 20% or less of the S corporation's voting stock, and the only possible option is C.