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Nitella [24]
3 years ago
6

Carlos opens a dry cleaning store during the year. He invests $30,000 of his own money and borrows $60,000 from a local bank. He

uses $40,000 of the loan to buy a building and the remaining $20,000 for equipment. During the first year, the store has a loss of $24,000. How much of the loss can Carlos deduct if the loan from the bank is nonrecourse
Business
1 answer:
kvv77 [185]3 years ago
5 0

Answer:

$30,000

$6,000

Explanation:

Carlos risk = $30,000

Carlos risk of $30,000 is the amount of funds which he had invested in the course of his business which is why Carlos is not considered at-risk for the nonrecourse loan reason been that carlos is not found liable because the loan was not used in the business which makes him to have a risk of $30,000.

$24,000 loss that occured will reduces Carlos’ amount at-risk to $6,000

($30,000 - $24,000)

=$6,000

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asambeis [7]

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collateralized debt obligation

Explanation:a

collateralized debt obligation is referred to an emergency asset that would be used as collateral assets if a company unable to pay the loan.

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3 years ago
What is the impact of Corona virus as one of the socio economic issues on businesses​
Anna71 [15]

Answer:

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5 0
3 years ago
Determine whether the statement is true or false. if f is continuous on [a, b], then d dx b f(x) dx a = f(x).
uysha [10]

The correct answer is option (b) False.

Differentiation:

Differentiation is a technique for determining a function's derivative. Differentiation is a mathematical procedure for determining the instantaneous rate of change of a function depending on one of its variables.

Explanation:

Given:

A statement is given "If f is continuous on

[a,b], then ddx(∫baf(x)dx)=f(x)".

The objective of the question is to determine whether the statement is true or false and why.

It is known that the value of a definite integral of a function is always a constant. So, ∫baf(x)dx

is a constant.

It is also known that the derivative of a constant is always equal to 1. Therefore, the correct equation is ddx(∫baf(x)dx)=1.

Thus, the given statement is false.

To know more about integration visit

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2 years ago
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Sophie [7]
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