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3 years ago

Which of the following is NOT a federal income tax deduction?

Business

1 answer:

11Alexandr11 [23.1K]3 years ago

8 0

Answer: a)

Explanation: All the others are deductible, whilst excise taxes are only deductible as a business expense.

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13. Average clients change their interiors every _______ years. A.2 C. 15

vichka [17]

Lacking details maybe, but since it's A or C, I'd go for C. 15 years

6 0

3 years ago

Read 2 more answers

Peter's Audio has a yield to maturity on its debt of 7.8 percent, a cost of equity of 12.4 percent, and a cost of preferred stoc

Nat2105 [25]

Answer:

the weighted average cost of capital is 9.22 %.

Explanation:

Weighted average cost of capital is the weighted return required by all providers of permanent sources of finance to the Company.

WACC = ke × (e/v) + kp × (p/v) + kd × (d/v)

where,

ke = cost of equity

= 12.40 %

e/v = weight of equity

= ($22 × 105,000) ÷ ($22 × 105,000 + $45 × 25,000 + $1,500,000 × 98%)

= 0.4709

kp = cost of preference stock

= 8.00 %

p /v = weight of preference stock

= ($45 × 25,000) ÷ ($22 × 105,000 + $45 × 25,000 + $1,500,000 × 98%)

= 0.2294

kd = cost of debt

= Interest × ( 1 - tax rate)

= 7.80 % × (1 - 0.34)

= 5.148%

d/v = weight of debt

= ($1,500,000 × 98%) ÷ ($22 × 105,000 + $45 × 25,000 + $1,500,000 × 98%)

= 0.2997

Therefore,

WACC = 12.40 % × 0.4709 + 8.00 % × 0.2294 + 5.148% × 0.2997

= 9.22 %

4 0

4 years ago

30) The theme dominating global financial markets today is the complexity of risks associated with financial globalization. List

ZanzabumX [31]

Answer and Explanation:

The following are the examples:

1. Effect on the big deficit or the public debt crisis: It involves the present eurozone crisis, in this the rate of interest and the exchange rate would be effected

2. The monetary system i.e. international would be under scrutiny. As if there is an increase in the renminbi of chinese so the outlook of the would be varied on the currencies i.e. reserved, currency exchange, etc

3. Many of the countries would continue the balance of payment that represent the country would import more goods, services as compared with the exports that would become dangereous

4. The ownership, the framework of the government would be varied over the globe

6 0

3 years ago

At the beginning of january of the current year, little mikey's catering ledger reflected a normal balance of $52,000 for accoun

ira [324]

The accounts receivable balance should be $44,700 which is calculated by starting with the current balance of $52,000, subtracting the $14,800 in collections (which lowers the balance), adding the $12,500 of additional debt (which raises the balance), then finally subtracting $5,000 for the money collected on a future debt.

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3 years ago

By how much did annualized consumption decline in november of 2008 when gdp was $14 trillion?

irga5000 [103]

Annualized consumption dropped immensely in November 2008. The 5 years prior to 2008 were some of our strongest yet, also, a GDP of $14 trillion is nothing to balk at. I am thoroughly surprised that the decline we experienced then came so soon after a long streak of winning.

5 0

3 years ago