Answer:
$74,000
Explanation:
Calculation to determine the taxpayer’s adjusted gross income for the year
Taxpayer’s adjusted gross income=Net loss from Partnership B+Capital gain from sale of stock
Let plug in the formula
Taxpayer’s adjusted gross income=$70,000+ $4,000
Taxpayer’s adjusted gross income=$74,000
Therefore the taxpayer’s adjusted gross income for the year is $74,000
Answer:
C. The equilibrium interest rate will rise.
Explanation:
According to the question, When the economy made the transition from the short run equilibrium to the long run equilibrium than there is a rise in the supply that results in rise in the nominal wages but the real wage would remain unchanged or constant
Therefore the option c is correct and the rest of the options are wrong
Answer:
<em>Controllable cost variance = </em><em><u> </u></em><em>$51,600. favourable</em>
Explanation:
<em>The controllable cot variance is the difference between the the standard controllable cost for the actual output and the actual controllable cost</em>
$
Standard controllable cost for the output achieved
( $3.80 × 40,000) = 152,000
Actual controllable cost (169,400-69,000) = <u> 100,400</u>
<em>Controllable cost variance </em><em> </em><em><u> 51,600. Favorable</u></em>
<em> </em>
<em>Note that the fixed cost of $69,000 is not a controllable cost, hence it is deducted from the total overhead cost</em>
Answer :
$1,099.54
Explanation :
As per the data given in the question,
Face value = $1,000
Coupon rate = 8% per year paid semi annual
Time = 6 year × 2 = 12 semiannual period
Coupon payment = 8% × $1,000 × 0.5
= 40
Market interest rate = 6% compounded semiannually is 3% semi annual period
Present value of bond = $40 × (P/A , 3%, 12) + $1,000 × (P/F , 3%, 12)
= $40 × 9.9540 + $1,000 × 0.7013798802
= $398.16 + $701.38
= $1,099.54
We simply applied the above formula
