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
vovikov84 [41]
2 years ago
10

Margaret Lindley paid $15,040 of interest on her $300,400 acquisition debt for her home (fair market value of $500,400), $4,040

of interest on her $30,040 home-equity loan, $1,040 of credit card interest, and $3,040 of margin interest for the purchase of stock. Assume that Margaret Lindley has $10,040 of interest income this year and no investment expenses. How much of the interest expense may she deduct this year
Business
1 answer:
Brums [2.3K]2 years ago
6 0

Answer:

$23,160

Explanation:

The Total interest = 15,040 + 4040 + 1040 + 3040

Total interest = $23,160

Hence, the Interest deductable this year = $23,160

You might be interested in
Stephanie was injured in a car accident was rushed to the emergency room. She received stitches for a facial wound and treatment
vichka [17]

Answer:

Hence,

the amount paid by the Stephanie = $410

The amount covered by PPO = $440

Explanation:

Given:

Percent covered by the insurance = 80%

Annual deductible = $300

Total emergency room bill = $850

Now,

The Coinsurance expenses = Total expenses − Annual deductible

or

The Coinsurance expenses = $850 - $300 = $550

The amount covered by PPO

= Percent covered × Coinsurance expenses

= 0.80 × $550 = $440

Therefore,

the amount paid by the Stephanie

= Annual deductible + (Coinsurance expenses - amount covered by PPO)

= $300 + $550 - $440 = $410

Hence,

the amount paid by the Stephanie = $410

The amount covered by PPO = $440

3 0
3 years ago
Read 2 more answers
Yared plc assembles and sells bicycles in bahir dar city. the company expects to sale 400 bicycles for br. 600 each in 2015. the
enot [183]

a. The number of units to be sold for Yared Plc to break-even is 250 units.

b. The number of units to be sold to earn a target operating income of br. 90,000 is 700 units.

c. The sales amount for Yared Plc to earn a target net income of br. 63,000 is 700 units.

Data and Calculations:

Sales units of bicycles = 400 units

Selling price per unit = br. 600

Total variable costs = br. 160,000

Unit variable cost = br. 400 (br. 160,000/400)

Contribution margin per unit = br. 200 (br. 600 - br. 400)

Fixed costs = br. 50,000

Tax rate = 30%

Net income = income after tax

= 1 - 30%

= 70%

a. The number of units to be sold for Yared Plc to break-even is given by Fixed Costs/Contribution margin per unit

= br. 50,000/br. 200

= 250 units.

b. The number of units to be sold to earn a target operating income of br. 90,000 is given as (Fixed Costs + Target Profit)/Contribution margin per unit

= (br. 50,000 + br. 90,000)/br. 200

= br. 140,000/br. 200

= 700 units.

c. The sales amount for Yared Plc to earn a target net income of br. 63,000 is (br. 50,000 + br. 63,000/(1 - 30%)/br. 200

= (br. 50,000 + br. 90,000)/br. 200

= br. 140,000/br. 200

= 700 units.

Learn more about contribution margin and target profit here: brainly.com/question/25638811

3 0
2 years ago
Economic activity in developing countries is limited at least in part due to limited investment. Investment is limited mostly du
Tpy6a [65]

Inflation is the economic condition in which the interest rate keeps increasing which is beneficial for the lenders. But not a fixed rate lender.

<h3 /><h3>What is Interest Rate?</h3>

Interest rate is the prevailing market rate which the lender of the money gets in return for the money provided as a loan.

If there is a fixed interest contract the lender will get the same percentage of return for the duration of contract, no matter the fluctuation of the interest rate in the market. This is not beneficial when the economy is facing inflation. As whatever be the rate in the market (definitely higher) the lender will get the same percentage of return.

However if there is a variable rate contract the rate is updated and the lender is paid at the updated interest rate. This is beneficial when the economy is facing inflation.

Learn more about interest rates at brainly.com/question/28142837

#SPJ1

4 0
1 year ago
Will and Bill both enjoy sunshine, water, and surfboards. Thus, the two friends decided to create a business together renting su
geniusboy [140]

Answer:

E. general partnership

Explanation:

4 0
3 years ago
Which is the most clear and precise sentence explaining what to do before submitting new content to a webmaster?
Gala2k [10]

Answer:

The correct answer is letter "A": Please consult the Frequently Asked Questions web page before submitting new content to the webmaster.

Explanation:

Webmasters are responsible for the development, coordination, and maintenance of a web site. While sending a message before others submit content to webmasters about information the individuals might also find in the Frequently Asked Questions (FAQ), we should be objective and respectful at all moments. Thus, the phrase:

<em>Please consult the Frequently Asked Questions web page before submitting new content to the webmaster.</em>

<em />

Is the segment that best reflects the guidelines previously stated.

5 0
3 years ago
Other questions:
  • Shen purchased corporate stock for $20,000 on april 10, 2015. on july 14, 2017, when the stock was worth $12,000, shen died and
    10·1 answer
  • For each hour of production, a certain factory requires 1 assembly line worker for every 25 units to be produced in that hour. T
    10·1 answer
  • The _____ is used to measure price changes in commonly used goods and services, such as food and housing.
    5·1 answer
  • The _____ summarizes a firms financial position at a specific point in time (i.e., a specific quarter or year).
    8·1 answer
  • 31) Owen expects to receive $30,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of 8.2%
    13·1 answer
  • Tawana owns and operates a sole proprietorship and has a 37 percent marginal tax rate. She provides her son, Jonathon, $8,000 a
    6·1 answer
  • What is an elevator pitch
    14·1 answer
  • Did Dan stay on budget? Why or why not? Yes, Dan spent as much as he earned. No, Dan should move to a new apartment. Yes, Dan us
    12·2 answers
  • 4. Which of the following would most likely produce the best rate of return on your investment?
    15·2 answers
  • According to the revenue recognition principle, revenue is to be recognized when:____.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!