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lbvjy [14]
3 years ago
12

Under a divorce decree executed in 2019, Duron is required pay $800 of alimony and $400 of child support each month for the next

10 years. In addition, Duron makes a voluntary payment of $200 per month. How much of the total monthly payments are deductible by Duron
Business
1 answer:
pashok25 [27]3 years ago
4 0

Answer:

The total monthly payments that are deductible by Duron are:

$1,200 each month for the next 10 years.

Explanation:

According to the IRS rules, if Duron pays his ex partner payments each month which are not documented by the court, the money is not tax deductible. Therefore, it is beneficial for Duron to receive a court order to pay the additional alimony if Duron plans on enjoying a tax deduction for the additional spousal support of $200.

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Brooks Co. purchases debt investments as trading securities at a cost of $66,000 on December 27. This is its first and only purc
Thepotemich [5.8K]

Answer:

                                                  Dr.               Cr.

December 31

*Securities FV adjustment      $6,000

Unrealized Gain                                       $6,000

January 3

Cash                                         $4,000

Securities FV adjustment                        $1,000

Trading Securities                                    $3,000

* Securities FV adjustment is a sub asset account of trading securities.

Explanation:

Trading security are reported on its fair market value at each period end. The gain or loss should be recorded.

Dec 27, Purchase price = $66,000

Dec 31, Fair value = $72,000

Unrealized gain = $72,000 - $66,000 = $6,000

3 0
4 years ago
Costco believes that most of its sales are to small businesses rather than consumers -- and that women are more likely to be mak
Kisachek [45]

Answer:

<em>Hypothesis</em>

Explanation:

The scenario which is given, is an example of <em>hypothesis.</em>

Basically, hypothesis is something in which a person or an individual makes a believe or have a taught by observing or having an illustration.

Now as we can say, that Costco has a believe that is an example of hypothesis, that Costco can examine through the marketing research as well.

4 0
3 years ago
Rayman Automobiles, an automobile manufacturing company, was founded in 1912. The company primarily focused on creating greater
kiruha [24]

Answer:

Option C: Production Era

Explanation:

The production era. Is known as Stage 2 of marketing's evolution. found in the 1930s, highest production capability than ever before. The problem now became competition then. It was characterized by mass production of lots of products increased the availability of product in the marketplace that is available.

8 0
3 years ago
Bob has a $50,000 stock portfolio with a beta of 1.2, an expected return of 10.8%, and a standard deviation of 25%. Becky also h
4vir4ik [10]

Answer:

Combined Beta =  1

Combined return = 10%

Explanation:

given data

stock portfolio = $50,000

beta = 1.2

expected return = 10.8%

beta = 0.8

expected return = 9.2%

standard deviation = 25%

to find out

combination

solution

we get here first Combined Beta that is express as

Combined Beta = 1.2 × 50% + 0.8 × 50%

Combined Beta =  1

and

Combined return will be here

Combined return = 10.8 × 50% + 9.2 × 50%

Combined return = 10%

5 0
4 years ago
ou have an outstanding student loan with required payments of $ 550 per month for the next four years. The interest rate on the
sergiy2304 [10]

Answer:

Approx 34 months are required to payoff the loan

Explanation:

In order to calculate How long will it take you to pay off the​ loan we would have to calculate first the Loan amount outstanding as follows:

Loan amount outstanding = 600 *4 *12 = $ 28,800

Therefore, to calculate How long will it take you to pay off the​ loan we use the following formula:

Amount =Payment (1+ r/n)^t

28,800 = 775 (1+ .09/12)^t

28,800 /775 = (1 +.0075 ) ^t

37.16 = (1.0075)^ t

when we used it and trial method the compounded value comes to be 37.85 when t= 34 months

Hence, approx 34 months are required to payoff the loan

7 0
3 years ago
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