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3 years ago

Proper use of child safety seats reduces

2 answers:

7 0

It gives the child more protection so like say we didn't have seat belts then you got into a car accident then you would fly forward and if you had a seatbelt it wouldn't make you fly forward

k0ka [10]3 years ago

6 0

Injury in car accident

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Tom takes a loan of $60,000 at 4% annual interest to purchase a property worth $100,000. He earns an annual income of $10,000 af

guajiro [1.7K]

Based on the given data, Tom's leveraged return on the real estate investment is 13.3%.

A leveraged return means an investment return on equity partially financed with debt.

Investment in property = $100,000 - $60,000

Investment in property = $40,000

Interest = $60,000 * 4%

Interest = $2,400

Net income after tax = ($10,000 - $2,400) * (1 - 30%)

Net income after tax = $7,600 * 0.70

Net income after tax = $5,320

Leveraged return = Net income after tax / Investment in property * 100

Leveraged return = $5,320 / $40,000 * 100

Leveraged return = 0.133 * 100

Leveraged return = 13.3%

Hence, Tom's leveraged return on the real estate investment is 13.3%.

Learn more about leveraged return:

<em>brainly.com/question/14005616</em>

8 0

2 years ago

Sheridan, Inc. acquired 40% of Pina Corporation's voting stock on January 1, 2021 for $1060000. During 2021, Pina earned $364000

docker41 [41]

Answer:

$102,500

Explanation:

As per the given question the solution of gain be on sale is provided below:-

For reaching the gain be on sale first we need to follow some steps which is following below:-

Step 1

December 31, 2021 Investment = Initial investment + Net income - Dividend

= $1,060,000 + ($364,000 × 40%) - ($250,000 × 40%)

= $1,060,000 + $145,600 - $100,000

= $1,205,600 - $100,000

= $1,105,600

Step 2

July 1,2022 Investment = December 31, 2021 Investment + Net income - Dividend

= $1,105,600 + ($533,000 × 6 months ÷ 12 months × 40%) - ($138,000 × 40%)

= $1,105,600 + $106,600 - $55,200

= $1,212,200 - $55,200

= $1,157,000

Step 3

Now, the investment half value = $1,157,000 ÷ 2

= $578,500

and finally

So, Gain = Stock - Half value of Investment

= $681,000 - $578,500

= $102,500

So, we have calculated the gain be on sale in Sheridan's 2022 income statement by using the above formula.

7 0

2 years ago

Alchemy Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Ref

kondaur [170]

Answer:

Explanation:

Opening units 0

Started 56000

56000

Transffered 30000

Closing 26000

Production Table

Using Weighted Average Method

Cost Element Complete Closing WIP Equivellant production units

Material 30,000 26,000 56,000

Labour Cost 30,000 19,500 49,500

6 0

3 years ago

Suppose that consumers' incomes increased, such that more video games were demanded at each price level. After the increase in d

Marina86 [1]

I Believe the answer is A

6 0

2 years ago

Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remaind

OlgaM077 [116]

Answer:

The amount of cash collected in March should be:

$51,000.

Explanation:

a) Data and Calculations:

Budgeted sales and Cash Collections:

January February March April

Total sales $50,000 $60,000 $40,000 $30,000

Collections:

35% month of sales 17,500 21,000 14,000 10,500

45% month following 22,500 27,000 18,000

20% second month 10,000

Total collections in March $51,000

b) The above calculations concentrated on the month of March, being the month of interest. Though, sales on account totals $40,000, the cash collections for the month amounts to $51,000. This arises from cash collections from the months of January and February.

4 0

2 years ago