1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DochEvi [55]
3 years ago
12

Joanna is a Master Sergeant in the U.S. Air Force. In June of 2019, her duty station changed from Offutt Air Force Base in Nebra

ska to Lackland Air Force Base in Texas. She drove 918 miles and spent $1,300 to move her household items. Joanna also incurred costs of $880 when she sold her home in her former city. Included on her Form W-2, in box 12, is code P for $1,484. Joanna's moving expenses adjustment is
Business
1 answer:
steposvetlana [31]3 years ago
7 0

Answer:

$1,300

Explanation:

Based on the information given we were told that She drove 918 miles in which spent the amount of $1,300 to move all her household items which simply means that her moving expenses adjustment will be the amount of $1,300 which was the amount spent to move her household items from Nebraska to Texas.

Therefore Joanna's moving expenses adjustment is $1,300.

You might be interested in
One of the most reliable sources of money that candidates receive comes from corporations and unions. this money cannot be contr
HACTEHA [7]

Soft Money.

What is Soft Money

Contributions made outside the parameters and restrictions of federal law are referred to as soft money (also known as non-federal money). This indicates that it consists of substantial individual and PAC contributions as well as direct corporate and union contributions. Hard cash, on the other hand, refers to contributions that must comply with the FECA, i.e., limited individual and PAC contributions.

To learn more about Soft Money

brainly.com/question/12660638

#SPJ4

5 0
1 year ago
Fiber-optic cable most likely would be used in a business network when (1 point) saving money is more important than speed. the
Papessa [141]
When electrical or magnetic interference is present
8 0
3 years ago
Last year Carson Industries issued a 10-year, 12% semiannual coupon bond at its par value of $1,000. Currently, the bond can be
Nataly [62]

Answer:

YTM = 8.93%

YTC = 8.47%

Explanation:

P = \frac{C}{2} \times\frac{1-(1+YTC/2)^{-2t} }{YTC/2} + \frac{CP}{(1+YTC/2)^{2t}}

The first part is the present value of the coupon payment until the bond is called.

The second is the present value of the called amount

P = market price value = 1,200

C = annual coupon payment = 1,000 x 12% 120

C/2 = 60

CP = called value = 1,060

t = time = 6 years

P = 60 \times\frac{1-(1+YTC/2)^{-2\times 6} }{YTC/2} + \frac{1,060}{(1+YTC/2)^{2\times 6}}

Using Financial calculator we get the YTC

8.467835879%

P = 60 \times\frac{1-(1+YTM/2)^{-2\times 10} }{YTM/2} + \frac{1,000}{(1+YTM/2)^{2\times 10}}

The first part is the present value of the coupon payment until manurity

The second is the present value of the redeem value at maturity

P = market price value = 1,200

C = coupon payment = 1,000 x 12%/2 = 60

C/2 = 60

F = face value = 1,060

t = time = 10 years

Using Financial calculator we get the YTM

8.9337714%

4 0
3 years ago
Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $40,000 or $135,000, with equal
pogonyaev

Answer:

a. $76,754

.38

b. 14%

c. $73,529

Explanation:

a. The computation of portfolio is given below:-

Risk Premium

= Required return - Risk free rate

= 10% + 4%

= 14%

Expected value of the payoff

= $40,000 × 1 ÷ 2 + $135,000 × 1 ÷ 2

= $87,500

Value of portfolio = $87,500 ÷ (1 + 14%)

= $76,754.39

b. The calculation of expected rate of return on the portfolio is shown below:-

= ($87,500 - $76,754.39) ÷ $76,754.39

= 14%

c. The calculation of risk premium is shown below:-

Risk premium = Required return - Risk free rate

Required return = 15%+4% = 19%

Expected rate of the payoff

= $40,000 × 1 ÷ 2 + $135,000 × 1 ÷ 2

=$87500

Value of portfolio

= $87,500 ÷ (1 + 19%)

= $73,529

4 0
3 years ago
The 2021 income statement of Adrian Express reports sales of $20,710,000, cost of goods sold of $12,600,000, and net income of $
Verizon [17]

Answer:

Adrian Express

1. Five Profitability Ratios:

Gross profit ratio: = 39.2%

Return on assets = 20%

Profit margin = 9.6%

Asset turnover = 2.1 times

Return on equity = 37.4%

2. I think the company is:

Less profitable

than the industry average.

Explanation:

a) Data and Calculations:

Sales Revenue        $20,710,000

Cost of goods sold $12,600,000

Gross profit                $8,110,000

Net income               $1,980,000

ADRIAN EXPRESS

Balance Sheets

December 31, 2021 and 2020

                                                                          2021                  2020

Assets

Current assets:

Cash                                                              $840,000            $930,000

Accounts receivable                                     1,775,000            1,205,000

Inventory                                                      2,245,000            1,675,000

Current assets                                          $4,860,000          $3,810,000

Long-term assets                                        5,040,000            4,410,000

Total assets                                             $ 9,900,000         $8,220,000

Liabilities and Stockholders' Equity

Current liabilities                                     $ 2,074,000          $1,844,000

Long-term liabilities                                   2,526,000           2,584,000

Common stock                                          2,075,000           2,005,000

Retained earnings                                    3,225,000             1,787,000

Total Equity                                               5,300,000           3,792,000

Total liabilities & stockholders' equity   $9,900,000         $8,220,000

Industry averages for the following profitability ratios are as follows:

Gross profit ratio 45 %

Return on assets 25 %

Profit margin 15 %

Asset turnover 8.5 times

Return on equity 35 %

Gross profit ratio: = Gross profit/Sales * 100

= $8,110,000/$20,710,000 * 100

= 39.2%

Return on assets = Net income/Assets * 100

= $1,980,000/$9,900,000 * 100

= 20%

Profit margin = Net Income/Sales * 100

= $1,980,000/$20,710,000 * 100

= 9.6%

Asset turnover = Sales/Total Assets

= $20,710,000/$9,900,000 = 2.1 times

Return on equity = Net Income/Total Equity * 100

= $1,980,000/$5,300,000 * 100

= 37.4%

6 0
3 years ago
Other questions:
  • The NIPP Call to Action is meant to guide the collaborative efforts of the critical infrastructure community to advance security
    5·2 answers
  • Meeting the needs of the present through economic development without compromising the needs of future generations to meet their
    7·1 answer
  • If the federal reserve board decreases reserve requirements for banking institutions, _____.
    13·1 answer
  • Desert Trading Company has issued $100 million worth of long-term bonds at a fixed rate of 8%. The firm then enters into an inte
    14·1 answer
  • A major difference between a business plan and a marketing plan is that a business plan will include ________ while a marketing
    5·1 answer
  • Marketing-channel management is related to which of the four ps?
    9·1 answer
  • A savings account that pays interest every month is said to have a _______ interest period.
    14·2 answers
  • Exercise 7-16 (Algo) Estimating bad debts LO P3 At December 31, Folgeys Coffee Company reports the following results for its cal
    15·1 answer
  • According to Miles and Snow, a company that operates in at least two different product-market areas in which one product is stab
    9·2 answers
  • The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!