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
saw5 [17]
3 years ago
13

Arthur, age 19, is a full-time student at Gordon College and is a candidate for a bachelor's degree. During 2020, he received th

e following amounts: Tuition scholarship $2,400 Loan from college financial aid office $1,000 Cash support from parents $2,000 Ordinary cash dividend $200 Cash prize awarded from a contest $300 What is his adjusted gross income for 2020
Business
1 answer:
den301095 [7]3 years ago
4 0

Answer:

$500

Explanation:

Calculation to determine the adjusted gross income for 2020

Ordinary cash dividend $200

Add Cash prize awarded from a contest $300

Adjusted gross income $500

($200+$300)

Therefore the adjusted gross income for 2020 will be $500

You might be interested in
Puvo, Inc., manufactures a single product In which variable manufacturing overhead is assigned on the basis of standard direct l
pantera1 [17]

Answer:

I'm figuring this out for you!

Explanation:

8 0
3 years ago
Pine Street Inc. makes unfinished bookcases that it sells for $58.09. Production costs are $37.97 variable and $10.12 fixed. Bec
ololo11 [35]

Answer:

Pine Street should sell finished bookcases.

Explanation:

                                  Differential analysis

                                 Sell unfinished  Process further  Net income

                                                                                        Increase (decrease)

Sale price per unit        58.09                    73.08                  14.99

<u>Cost per unit</u>

Variable                         37.97                     44.61                  -6.64

Fixed                              10.12                      10.12                      0

Total                              48.09                     54.73                  8.35

Net income per unit      10                         18.35                  8.35

So, the book cases should be sold after processed further.

7 0
2 years ago
The Anderson Company has equal amounts of low-risk, average-risk, and high-risk projects. The firm's overall WACC is 12%. The CF
astra-53 [7]

Answer:

e. The company will take on too many high-risk projects and reject too many low-risk projects.

Explanation:

By using the WACC for discounting purposes in case of the higher risk projects the net present value would be greater in such cases and also the high discount rate is applied. It is easily accepted but at the same time it also rise the organization risk

Therefore in the given case, the option e is correct and the same is to be considered

8 0
3 years ago
Which of the following file extensions indicates a template inside Microsoft word .dotx , .xlsx , .docx , .pptx ?
lesantik [10]

.dotxis the the file extension that indicates a template inside microsoft.

4 0
3 years ago
During the first year of operations, a company sold $115,000 of goods to customers and received $97,500 in cash from customers.
rjkz [21]

Answer:

$43,500

Explanation:

<em>Net income = sales - expenses </em>

sales = 115,000

expenses (cost) = 71,500

net income = 115,000 - 71,500 = 43,500

<u>We calculate based on the matching principle.</u>

The revenues and expenses should be recognized during the period they occur.

In this case, the sales are for 115,000 regardless of the amount collected during the period or subsequent periods

The expenses for the period are 71,500 Even if a portion remains unpaid at the end of the year, all the expenses for the year should be included in the calculation.

8 0
3 years ago
Other questions:
  • A cost accountant is developing a regression model to predict the total cost of producing a batch of printed circuit boards as a
    14·1 answer
  • Most people buy a house with cash. True False
    15·2 answers
  • Which is the most challenging kind of supply chain to manage according to hau lee?
    6·1 answer
  • The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this
    6·1 answer
  • Which of the following items is included in Japan’s GDP? A. the estimated value of production accomplished at home, such as ba
    7·1 answer
  • Most stock exchanges today use floor trading with human brokers.
    8·1 answer
  • The original cost of a LIFO inventory item is below both replacement cost and net realizable value. The net realizable value les
    12·1 answer
  • Imagine you live in a society with progressive taxation. Your friend makes half of your salary and pays 20 percent in income tax
    7·2 answers
  • Discuss five ways negotiators can get along in order for their cultural background not to affect their bargaining process?
    5·1 answer
  • Suppose the market for hamburgers is unregulated. That is, hamburger prices are free to adjust based on the forces of supply and
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!