Answer:
Adjusted Gross Income =$ 102,000
Explanation:
Gross Income $ 200,000
Business Expenses $ 60000
Gross income earned from your self-employment $140,000
Less alimony to his former spouse $30000
Less Health Insurance Premium $6000
Less Medicine and Doctor fees $ 2000 (Assuming its under Qualified Medical Expenses)
Adjusted Gross Income =$ 102,000
Since mortgage interest relates to personal home, it is not deductiable.
Answer:
$3,500
Explanation:
This is because every Health and Disability Income Policy express the conditions and provisions for continuation of the contract on the new income level.
Answer:
Explanation:
the fruit cola should be discontinued as it has decreased the net income by$1275000
check the attached file bellow for further explanation
The effective interest rate on a discounted note is
.. 1/(1-r) = 1/0.9 ≈ 11.11%
_____
The amount and time have nothing to do with it for simple interest.
The difference is only in the strategy the company wants to use. For some market segments calculating the cost of goods sold by the permanent or periodic method may be more advantageous and allow a better monitoring of business efficiency and profitability. Companies often choose the method that best fits their organizational strategy. The periodic method, for example, as used by Kelty Industries, can be useful for greater input and output control, process optimization, consumer behavior assessment, and other advantages. But if Howe and Kelty wanted to change the calculation method, it would not affect anything, as the result would be the same regardless of the calculation, periodic or daily.
