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mr_godi [17]
3 years ago
9

In January of year 0, Justin paid $4,800 for an insurance policy that covers his business property for accidents and casualties.

Justin is a calendar-year taxpayer who uses the cash method of accounting.
1. What amount of the insurance premium may Justin deduct in year 0 in the following scenario?
a) The policy covers the business property from April 1 of year 0 through March 31 of year 1.
Business
1 answer:
ratelena [41]3 years ago
8 0

Answer:

$4,800

Explanation:

The total amount of the premium can be deducted under the 12-month rule. The reason for this is that the insurance does not cover more than 12 months and can not cover any time that is outside the next year end.

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Dove, Inc., had additions to retained earnings for the year just ended of $637,000. The firm paid out $70,000 in cash dividends,
Viktor [21]

Answer:

the earning per share is $1.02

Explanation:

The computation of the earning per share is shown below;

Earnings per share = (additions to retained earnings + cash dividends) ÷ (No of common stock outstanding )

= ($637,000 + $70,000) ÷ $690,000

= $1.02

hence, the earning per share is $1.02

We apply the above formula so that the correct per share value could come

8 0
3 years ago
A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if inves
WARRIOR [948]

Answer:

. $11.98

Explanation:

D1 = D0(1+g)

D0 = Last dividend

r = Required rate of retrun

g = Growth rate

Stock price formula = D1/(r-g)

Stock price = D0(1+g)/(r-g)

Stock price = 1*(1+0.054) / (0.142-0.054)

Stock price = 1.054 / 0.088

Stock price = 11.97727273

Stock price = $11.98

4 0
3 years ago
Don and maria jefferies take $500 a month from savings. don and maria also receive social security, but maria receives 120 perce
bazaltina [42]

Don's monthly social security benefit is $772.73.

Let Don's monthly social security benefit be 'x'.

Don and Maria's monthly drawing from Savings =$500.

Maria's social security = 120% of Don's social security.

Total income = $2200.

So,

500+x+\frac{120}{100}x = 2200

500+x+1.2x = 2200

2.2x = 1700

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6 0
3 years ago
Read 2 more answers
Which is an example of a withholding you might see on your pays stub?
serg [7]
The answer is D. Neither A or B
8 0
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(Population projection) The US Census Bureau projects population based on the
ludmilkaskok [199]

Explanation:

I have provided the code below which is producing the correct answers. Answers are verified by actual answers from calculator.

I have used a for loop for fast calculation and print.

ANSWER CODE:

population = 312032486;

seconds = 365*24*60*60;

births = seconds//7;

deaths = seconds//13;

immigrations = seconds//45;

years = {1,2,3,4,5}

change_in_pop = births - deaths + immigrations;

for val in years:

   new_population = population + val*(change_in_pop)

   print("The population after " + str(val) + " years is " + str(new_population)+"\n")

5 0
4 years ago
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