Parents can reduce their taxes by
using a child care tax credit. The government gives parents tax credit for each
child that they have. Unlike tax deduction and exemption, tax credit can be able
to reduce more in the parents’ tax bill. Tax deduction just tries to lower the
taxable income and not a reduction in other areas.
The SMA balance in the account would be 7500.
<h3>What is Special Memorandum Account (SMA)?</h3>
The excess margin from a client's margin account is put into a special memorandum account (SMA), which is a dedicated investment account, improving the client's purchasing power. The SMA, which is often referred to as a "special miscellaneous account," functions effectively as a line of credit.
It's important to distinguish between separately managed accounts, often known as SMAs, and special memorandum accounts.
A short account's market value decreases by $1 for every $1 of SMA to be created. The SMA balance would be $7,500 if the market value decreases by $5,000.
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Answer:
$64,500
Explanation:
Shareholders are entitled to returns they have made in companies through dividends
Zwick Company is a shareholder in Handy Corporation and hence also received its dividends returns amongst other Zwick Company investors.
<u>Zwick Company's dividend revenue will be calculated as :</u>
Dividend Revenue = Dividend Payout Ratio × Number of Share held on date of announcement
= $3 × 21,500 shares
= $64,500
Therefore, Zwick Company's dividend revenue from Handy Corporation in December 2018 would be $64,500
Answer:
A. Purchase requisitions.
Explanation:
A purchase requisition is a document initiated by the user department or the store officer notifying the purchase department of the need to purchase materials needed either in the production unit, shop floor or store.
In order to ensure that the request for material or inventory items pass through the established internal control procedure, every purchase requisition must pass through approval and authorization process.
Answer:
New England produces Milk and Middle Colonies produces Barley is correct.
Explanation:
New England's opportunity cost of producing barley= 4/3 = 1.33 ton of milk
New England's opportunity cost of producing Milk = 3/4= 0.75 ton of barley.
Because New England has lower opportunity in the production of Milk .Therefore,it has the comparative advantage in the production of Milk. Hence, New england produces Milk.
Similarly, Middle Colonies's opportunity cost of producing Barley= 5/6= 0.83 ton of milk.
And Middle colonies opportunity cost of producing Milk= 6/5= 1.2 ton of barley.
Because Middle colonies opportunity cost in the production of Barley . Therefore, it has the comparative advantage in the production of Barley. Hence, Middle colonies produces Barley.
Hence,option(C) i.e New England produces Milk and Middle Colonies produces Barley is correct.
