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babunello [35]
3 years ago
10

Brad operates a storage business on the accrual method. On July 1 Brad paid $48,000 for rent on his storage warehouse and $18,00

0 for insurance on the contents of the warehouse. The rent and insurance cover the next 12 months. What is Brad's deduction for the rent and insurance?
Business
1 answer:
sineoko [7]3 years ago
4 0
Hi I neeed a dollar
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A municipal bond has yield to maturity of 4.83 percent. An investor with a marginal tax rate of 35 percent is indifferent betwee
mezya [45]

Answer: 7.43%

Explanation:

The yield to maturity simply refers to the total return that is expected on a bond as long as the bond is held till it matures.

In this case, since the investor is indifferent between this municipal bond and an otherwise identical taxable corporate bond, the yield to maturity of the corporate bond will be:

4.83% = Corporate bond YTM × ( 1- 35%)

4.83% = Corporate bond YTM × 65%

Corporate bond YTM = 4.83% / 65%

Corporate bond YTM = 0.0483/0.65

Corporate bond YTM = 7.43%

The yield to maturity of the corporate bond is 7.43%

3 0
3 years ago
Kingbird Corporation (a calendar year C corporation) reports the following income and expenses this year: Income from operations
Artyom0805 [142]

Answer:

$7,500

Explanation:

Taxable income:

= Income from operations + Dividends received - Expenses from operations

= $200,000 + $15,000 - 140,000

= $75,000

Deductions is allowed only to the maximum extent of 10% of the taxable income of the corporation.

Therefore,

Kingbird's charitable contribution deduction:

= 10% of Taxable income

= 0.1 × $75,000

= $7,500

8 0
3 years ago
A jewelry store promises to deliver custom-made wedding rings to a buyer within 2 weeks. However, it charges ten percent of the
Serggg [28]

Answer:

The correct answer is letter "B": It is taking deposits and progress payments.

Explanation:

Advance deposits and progress payments are the amount of money taken by an organization as part of the total amount charged for a good or service that is going to be provided. It is a form of endorsement that proves the buyer has a real intention in acquiring the good or service but also helps the organization to have immediate cash flow to pay for expenses such as the raw material that will be used for production (in the case of a good).

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Due to the limited range of input and interaction among participants, few companies believe that a joint application development
grandymaker [24]

Answer:

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Explanation:

JAD group does not produce the best definition of a new system, here is why:

• JAD system incorporates participants with different opinions. Different opinions within the team make it difficult to align goals and maintain focus

• Depending on the size of the project, JAD may require a longer time that will put a strain on the execution of a project

• JAD is too expensive and can be cumbersome/difficult if group is too large

• JAD produces a details and information that is a tentative model not a complete development methodology.

5 0
3 years ago
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A Cajun trinity, used in many Louisiana Creole and Cajun dishes such as gumbo, contains
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B. Onion, celery, and bell pepper!
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