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vovikov84 [41]
3 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]3 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

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t is often costly to obtain the information necessary to make good decisions. yet your own interests can be best served by ratio
goldenfox [79]

Answer:

The answer is below

Explanation:

1. Yes, making uninformed decisions is irrational. This is because it will cost the individuals making uninformed decisions to lose money in the process. Such individuals may also lose another important aspect concerning their decision, such as technological advantage, political assistance, social benefits, economic privilege, etc.

2. To determine how much information is the right amount is to ensure you continue to acquire information as long as the benefit of the additional information exceeds the additional costs. Otherwise, it is no longer the right amount anymore.

3 0
3 years ago
Which of the affirmative action strategies would involve an employer changing the company policy or the way an organization is d
TiliK225 [7]

Identifying and removing employment practices which are working against minority applicants and employees is the affirmative action strategies would involve an employer changing the company policy or the way an organization is decorated.

Affirmative action includes a set of policies and practices within a government or organization which seeks to include particular groups based on their race, gender, sexuality, or nationality.

In no way does affirmative action require an employer to hire an unqualified minority over a qualified non minority, which is important to note. Thus, affirmative actions include outreach efforts, training programs, and other positive steps.  

Hence, affirmative action gives a certain advantage to the minority groups in the recruitment process.

To learn more about affirmative action here:

brainly.com/question/15393594

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8 0
2 years ago
Cinnamon Corp. started business in 2007, uses a periodic inventory system and uses the weighted average cost method. During 2007
Nesterboy [21]

Answer:

€4,883,000

Explanation:

The computation of cost of sales is shown below:-

Inventory = 35,000 ÷ €12

= 2,917 units

Weighted average cost of inventory

= (2,917 × €12) + (35,000 × €14)

=  €35,004 + €490,000

= €525,004

So weighted average cost = €525,004 ÷ €40,833.33

= €12.85

So, cost of sales = weighted average cost × sold units

= €12.85 × 38,000

= €4,883,000

3 0
4 years ago
A $50,000 note payable is retired at its $50,000 carrying (book) value in exchange for cash. The only changes affecting retained
Andre45 [30]

Answer:

Increase in Cash is $3,500

Net cash flow from operations $143,310

Net cash flow from investing activities $4,500

Net cash flow from Financing activities -$135,310

Explanation:

Please refer to the attached for detailed prssentation

5 0
3 years ago
Effective managers their dominant decision style to avoid making mistakes. for each example, select the decision style that most
Vaselesa [24]

Simply put, Decision making is defined as the process involved in making a decision. It involves comparing alternatives and finding a solution to a problem.

The four styles of decision making are directive, analytical, conceptual and behavioral. Each style is a different method of weighing alternatives and examining solutions.

Kyle prefers to base decisions on lots of data, both objective data from information systems and qualitative data from people - Analytical decision style

Bill prefers simple, clear-cut solutions to problems. - Directive decision style.

Josie likes to talk to people one on one to find out how the decision will affect them - Behavioural decision style.

4 0
4 years ago
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