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Vlad [161]
2 years ago
5

On July 1 of the current year, Marcia purchases a new home and borrows $320,000. Marcia is required to pay two points on the loa

n. The loan is secured by the residence and the charging of points is an established business practice in the area. The term of the loan is 20 years, beginning on July 1 of the current year. How much, if any, of the points may Marcia deduct in the current year?
Business
1 answer:
Masja [62]2 years ago
4 0

Answer:

$6,400.

Explanation:

Because these points are paid in connection with the purchase of a principal residence, Marcia may deduct $6,400 ($320,000 × 2%) as interest expense during the current year.

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C. Benefit

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Your investment banker has presented you with the following list of business characteristics of a small company your company is
wariber [46]

Answer:

A

Explanation:

The list contains more weaknesses than strengths

The list of weaknesses are:

Excess manufacturing capacity relative to market; If you are producing more than you are selling then its a weakness

Large inventories; that dont sell its a weakness

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Management turnover; if you keep changing management it will affect the company as skilled workers will be leaving

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Cost advantages; cost advantage against your competitors is an added strength

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6 0
3 years ago
If a society wants to get the most out of the available resources, money should be spent on pollution control​ (A)​ until pollut
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Answer: Option C  

           

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In the given case, we want to use the available resources at their best, therefore, the money on pollution control should be spent only until the benefit of spending one more dollar is greater than the cost of doing so.

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5 0
3 years ago
Barry and his wife mary have accumulated over $4 million during their 45 years of marriage. they have three children and five gr
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Answer:

49

Explanation:

You just add them together

6 0
3 years ago
Assume that Leyia and Larry could be persuaded not to begin a family for another five years. What specific budgeting recommendat
xxMikexx [17]

Answer:

The budgeting recommendations will be cutting the expenses on feeding, groceries and every other expenses, in other to save over the next five years. This will prepare Leyia and Larry beforehand to begin a family and also, mitigate hosterity effects of their variable expenses financially for an anticipated $2,400 loss of income for 18 months as well as the expenses for the new baby.

Explanation:

Beginning a family can be a tough task for low income earners. Leyia and Larry will need to wait for five years and cut their expenses( Every expenses) over this waiting period of five years. By so doing, they will have saved enough money to carter for the expenses of new baby.

Also, a $2,400 loss of income, in 18 months is anticipated. Cutting of expenses over the period of five years will reduce the financial hardship effects on the family which Leyia and Larry will begin, after the stipulated five years.

7 0
3 years ago
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