1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sweet-ann [11.9K]
2 years ago
9

After 1989, Donna purchased series EE savings bonds for $2,500 at the age of 25. This year she redeemed the bonds for $5,000 and

paid qualified higher education expenses for her daughter in the amount of $3,000. How much interest will Donna be required to include in her gross income this year
Business
1 answer:
Orlov [11]2 years ago
3 0

Answer:

$1,000

Explanation:

Donna purchased series of savings bond for $2,500 at the age of 25

This year Donna redeemed the bond of $5,000

She paid $3,000 as expenses for her daughter education

The first step is the calculate the interest income

= $3,000/$5,000 × $2,500

= 0.6 × $2500

= $1,500

Therefore the interest that will be required by Donna to include in her gross income this year can be calculated as follows

= $2,500-$1,500

= $1,000

Hence Donna is required to include an interest of $1,000 in her gross income this year

You might be interested in
Question 1-12
storchak [24]

The change that would encourage GDP growth to slow is the automobile industry reduces hours for factory workers.

<h3>What would cause GDP growth to slow?</h3>

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

If the hours of work for factory workers is reduced, output would be reduced and this would slow GDP growth.

To learn more about GDP, please check: brainly.com/question/15225458

#SPJ1

5 0
1 year ago
Discuss social responsibility and ethics?<br><br>​
LuckyWell [14K]

Answer:

Social responsibility: It is an ethical theory in which individuals are accountable for fulfilling their civic duty.

Social ethics: It refers to guidelines and principle if that group of people who decided to references to in order to be accepted.

8 0
3 years ago
In a newsvendor model where the demand has normal distribution, if Co &lt; Cu, i.e., the overage cost is lower than the underage
mars1129 [50]

Answer:

maximum

Explanation:

The newsvendor model may be defined as the mathematical model which is characterize by the fixed prices as well as the uncertain demand for the perishable products. This model is mainly used to determine the optimal inventory level.

According to the newsvendor model, there is only one opportunity to order. The cost of buying large quantities of the products may result in disposing them or selling the products at a lower price.

The optimal ordering quantity is maximum when the underage cost is higher than the overage cost.

8 0
2 years ago
A firm has a profit margin of 12 percent; total asset turnover of 0.55 and an equity multiplier of 2.2. What is the firm's ROA a
lutik1710 [3]

Answer:

ROA = 6.6%

ROE 14.52%

Explanation:

profit margin = net income / sale = 12%

assets turn over = sales / assets = 0.55

equity mutiplier = assets / equity = 2.2

ROE = return on equity = net income / equity

ROA = return on equity = net income / assets

we use the fraction properties to get ROE and ROA

\frac{income}{sales} \times \frac{sales}{Assets} =\frac{income}{Assets} \\ 0.12 \times 0.55 = 0.066\\

ROA = 6.6%

We apply the same property to get ROE

\frac{income}{assets} \times \frac{assets}{equity} =\frac{income}{equity} \\ 0.066 \times 2.2 = 0.14252\\

ROE = 14.52%

6 0
3 years ago
Journalize each correcting entry discovered during August of the current year: Use page 15 of the journal. Transactions: Aug. 1
Shtirlitz [24]

Answer:

Journalizing correcting entries:

Aug. 1

Debit Utilities Expense $530

Credit Repairs Expense $530

To correct wrong posting.

Aug. 5:

Debit Sales Revenue $1,200

Credit Vivian Lynum, Capital $1,200

To correct wrong posting.

July 30:

Debit Supplies Account $280

Credit Suspense Account $280

To correct the wrong posting.

Explanation:

The July 6 entry is difficult to decide the correcting entry since the wrong amount was not given.  There is nothing that can be done with the $160 supplied in the question.

7 0
3 years ago
Other questions:
  • The _____ model suggests that managers should monitor employees’ perceptions of fairness.
    7·1 answer
  • To print the Adjusted Trial Balance, select: Multiple Choice Company Center &gt; Accountant &amp; Taxes Company Center &gt; Comp
    13·1 answer
  • in its first month of operations, Waterway Industries made three purchases of merchandise in the following sequence: (1) 370 uni
    11·1 answer
  • The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the ye
    8·1 answer
  • Economic models: A. are of limited use because they cannot be tested empirically. B. are limited to variables that are directly
    14·1 answer
  • Wright Company's cash account shows a $28,900 debit balance and its bank statement shows $27,200 on deposit at the close of busi
    10·1 answer
  • Dowkkwvjwun2fsgzvzejqk82293o3o3oi​
    11·1 answer
  • You have a checking account balance of $100 and you deposit a pesonal check for $200 from your brother in your checking account.
    10·1 answer
  • A company's flexible budget for 16,000 units of production showed sales, $96,000; variable costs, $56,000; and fixed costs, $20,
    5·1 answer
  • Match the factors to the target capital structure preferred.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!