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Nadya [2.5K]
3 years ago
12

Steve goes to Tri-State University and pays $40,000 in tuition. Steve works a part-time job to pay for his schooling and has an

AGI of $17,000. How much is his American Opportunity Credit? Group of answer choices
Business
1 answer:
xxMikexx [17]3 years ago
6 0

Answer:

$2,500

Explanation:

The calculation of American opportunity tax credit is shown below:-

According to the given situation, Steve's part-time job wouldn't come in between his not applying for the credit as the AGI is lower than the applying number.

Therefore, the credit would be 100% of first is

= $2,000 + 25% (Increased)

= $2,500

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TRV is expecting to purchase a new manufacturing line. It is expected to cost 119,000 and will require an additional 12,000 to s
Aleksandr-060686 [28]

Answer:

2.28%

Explanation:

initial outlay = $119,000 + $12,000 = $131,000

cash flows 1 - 5 = $25,000

Re = 12%

rate of reinvestments = 8%

using a financial calculator, the MIRR = 2.28%

if you want to calculate MIRR manually, you must solve the following:

MIRR = ⁿ√(future value of cash flows at reinvested rate / present value of negative values discounted at financing rate) - 1

  • n = 5
  • future value of cash flows at reinvested rate = $25,000 x 5.8666 (FV annuity factor) = $146,665
  • present value of negative cash flows = $131,000

MIRR = ⁵√($146,665 / $131,000) - 1 = 1.0228 - 1 = 0.0228 = 2.28%

7 0
3 years ago
On January 1, 2020, Sandhill Co., a calendar-year company, issued $2320000 of notes payable, of which $580000 is due on January
Bingel [31]

Answer:

Current liabilities $2320000; Long-term Debt, $1740000

Explanation:

Calculation to determine what The proper balance sheet presentation on December 31, 2020, is:

Current Liabilities will be $2320000 of notes payable

Hence,

Current liabilities $2320000

Long -term Debt =$2320000-$580000

Long -term Debt=$1740000

Therefore The proper balance sheet presentation on December 31, 2020, is:

Current liabilities $2320000; Long-term Debt, $1740000

7 0
3 years ago
Which of the following conditions might result in the best financial decisions?
Lyrx [107]

The personality dimensions mentioned in the question all refer to the Five Factor Model; with one of the dimensions missing, which is neuroticism. A person with high levels of (C) conscientiousness would make the best financial decisions, mainly because they are well-organized and prudent about things, which also translates to how they manage their finances.

7 0
3 years ago
Read 2 more answers
Car X can come with any of these 5 additional features: sunroof, stereo, tinted windows, leather seats and cruise control.
Law Incorporation [45]

This question is incomplete! here is the complete question with answer!

Car X can come with any of these 5 additional features: sunroof, stereo, tinted windows, leather seats and cruise control.

Quantity A : Number of different combinations possible

Quantity B : 25

A The quantity in Column A is greater

B The quantity in Column B is greater

C The two quantities are equal.

D The relationship cannot be determined from the information given.

Answer:

A The quantity in Column A is greater

Explanation:

Lets first analyze the number of different combinations possible!

To find out the combinations we use the following formula:

The number of ways to choose a sample of r elements from a set of n distinct objects where order does not matter.

nCr=\frac{n!}{r!(n-r)!}

Car X can have these 5  features: sunroof, stereo, tinted windows, leather seats and cruise control.

Car X has 2 options for each feature: Included or Not included

If car X has no feature at all then:

5C0=\frac{5!}{0!(5-0)!}=\frac{5!}{0!*5!}=1

If car X has 1 feature included then:

5C1=\frac{5!}{1!(5-1)!}=\frac{5!}{1!*4!}=5

If car X has 2 features included then:

5C2=\frac{5!}{2!(5-2)!}=\frac{5!}{2!*3!}=10

If car X has 3 features included then:

5C3=\frac{5!}{3!(5-3)!}=\frac{5!}{3!*2!}=10

If car X has 4 features included then:

5C4=\frac{5!}{4!(5-4)!}=\frac{5!}{4!*1!}=5

If car X has all of the 5 features included then:

5C5=\frac{5!}{5!(5-5)!}=\frac{5!}{5!*0!}=1

Now sum all the possible combinations: 1+5+10+10+5+1=32

So, quantity A is 32 and quantity B is 25

Therefore, we can conclude that the quantity in column A is greater

8 0
4 years ago
A stock has a correlation with the market of 0.49. The standard deviation of the market is 25%, and the standard deviation of th
olasank [31]

Answer:

Stock's beta  = 0.65 (Approx)

Explanation:

Given:

Correlation = 0.49

Standard deviation of stock (SDs) = 33% = 0.33

Standard deviation of market  (SDm) = 25% = 0.25

Find:

Stock's beta

Computation:

Stock's beta = Correlation(SDs) / SDm

Stock's beta = 0.49 (0.33) / 0.25

Stock's beta  = 0.65 (Approx)

4 0
3 years ago
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