Answer:
A. If the loan is not reclassified as equity, Swan can deduct interest expense annually of $18,000, and Tonya includes in gross income annually interest income of $18,000.
Explanation:
Loans received under $385 should not be reclassified as equity.
Interest expense is determined by multiplication of the money Tonya loans Swan multiplied by the interest rate.
Therefore,
Interest expenses = 600000 x 3%
= $18000
1.tracking your spending 2.avoiding impulse purchases 3.using credit cards infrequently
All investment strategies do involve some level of risk. Considering the evidence at my disposal, the first investment is made in the investment opportunity that is most likely to be fake.
The real dangers of investing with this company are those associated with land, stocks, goods, or legal disputes.
What potential profits may I expect from my investment?
The investment's projected return, or what we refer to as the potential return, has the potential to generate significant profit or loss.
Keep in mind that it is regarded as a type of computed metric that enables investors to determine the possible profit an investment may receive; in the example above, it may result in greater profit or loss.
Learn more about investments here;
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Currency I think. It's given in exchange for an item.
The equation for problem above is:
350.25+12/100*x=800.5
12/100*x=800.5-350.25
12/100*x=450.25
12x=45025
x=45025/12=3752.08
But the question is "at <span>least" $800.50 so the final answer is
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