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Feliz [49]
3 years ago
5

Arthur is a California resident. He was ordered to pay $2,000 in alimony and $3,000 in child support to his former spouse. He me

ets all the requirements when paying his support. What amount can Arthur take as a deduction for these payments
Business
1 answer:
Temka [501]3 years ago
6 0

Answer: $2000

Explanation:

Alimony is referred to as a financial support that is given to an individual when there is a divorce. This is usually an order from the court

Based on the question above, we should note that no amount should be removed from the child support as they're not deductible. Therefore, the amount that Arthur can take as a deduction for these payments would be $2000.

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Cordner Corporation has two production Departments: P1 and P2 and two service departments: S1 and S2. Direct costs for each depa
Goryan [66]

Solution:

S1  $180,000 is allocated 70% to S2 or $126,000 ( 0.7 * 180,000 )

S2  total is $162,000 + $126,000 = $288,000

S2  $126,000 is allocated 19.7% to P2 or $81000

Under the step-method of cost allocation,

the amount of costs allocated from $2 to P2 would be $81000

5 0
3 years ago
Callaway Golf Co. leases telecommunication equipment from Photon Company. Assume the following data for equipment lease form Pho
inessss [21]

Answer:

This lease is  regarded and classified  as Capital lease.

Explanation:

This lease is  regarded and classified  as Capital lease.

Here, Callaway Golf Co. is the body financing the leased asset but the right ownership is with Photon Company.

Now; the present value of future payment is calculated as:

Present value of future payment =[PVA 6%,5 × Annual payment ]+[PVF 6%,5 × Residual value]

=[4.46511 × 31000] +[0.74726 × 15500]

= 138418.27+ 11582.53

= 150000

However the present value of minimum lease payment is equal or more than 90% fair market value ,as such we therefore conclude that this  lease is a capital lease.

3 0
3 years ago
To balance columns, a _____ is inserted at the end of the text on a page.
Radda [10]
Salutations!

To balance columns, a _____ is inserted at the end of the text on a page.

To balance columns, a continuous section break is inserted at the end of the text on a page.

Hope I helped!
3 0
3 years ago
Why should you understand what you can and cannot copyright?
Alexeev081 [22]

Answer:

Copyright is important as it helps to protect the value of an author/academic/researchers work, by giving the originator of the work the ability to protect it from unlicensed or uncredited usage.

Explanation:

5 0
2 years ago
Read 2 more answers
Suppose that there are two independent economic factors, F1 and F2. The risk-free rate is 3%, and all stocks have independent fi
yarga [219]

Answer:

Rp = 3% + BP1 * 10.42% + BP2 * 6.1%

Explanation:

Portfolio A:

R_p = R_f + Beta1*Factor1 + Beta2*Factor2

32% = 3% + 1.6*F1 + 2*F2

Portfolio B

29% = 3% + 2.6*F1 - 0.2*F2

Solvig the equatios

3% = -F1 + 2.2*F2

F1 = 2.2F2 - 3%

F1 = 2.2F2 - 0.03

Substituting

29% = 3% + 2.6*(2.2F2 - 0.03) - 0.2F2

29% = 3% + 5.72F2 - 0.078 - 0.2F2

5.52F2 = 29% - 3% +0.078

5.52F2 = 0.26 +0.078

5.52F2= 0.338

F2 = 0.338/5.52 = 0.061

F1 = 2.2F2 - 0.03 = 2.2(0.061) - 0.03

    = 0.1042

The return Beta relationship in this economy  Rp = 3% + BP1 * 10.42% + BP2 * 6.1%

3 0
3 years ago
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