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
Anika [276]
2 years ago
8

Marvin had the following transactions: Salary $50,000 Interest on City of Chicago bonds $250 Bank loan (proceed to buy personal

auto) $10,000 Alimony payment to ex-wife (Divorce was finalized in 2018) $12,000 Child support payment $6,000 Gift received from aunt $20,000 Marvin's AGI is: A. $32,000 B. $38,000 C. $44,000 D. $56,000 E. $64,000
Business
1 answer:
Alina [70]2 years ago
5 0

Answer:

B. $38,000

Explanation:

Calculation for Marvin's AGI

Salary $50,000

Less Alimony payment to ex-wife $12,000

AIG $38,000

($50,000-$12,000)

Therefore Marvin's AGI is $38,000

You might be interested in
Green Jeans, Inc. had a mission to become the leading producer of environmentally friendly blue jeans, an emerging and in-demand
Simora [160]

Answer:

Green Jeans, Inc. purpose was to become the leading producer of environmentally friendly blue jeans, an emerging and in-demand category in the apparel industry. By one hand it aimed leveraging a network of organic cotton farmers and suppliers of environmentally responsible synthetic materials to create a product that is durable, attractive, affordable, and 100% recyclable, but it did not upgrade its outdated production facilities causing Green Jeans not to assemble its products at a low-enough cost to offer the jeans at a price that was attractive to customers, because Green Jeans' did not match its production management logistics to meet the new sustainable recyclable textile fibers global industry requirements and match it with an affordable production line process.

Explanation:

Production volume considering the variation percentage between harvest and actual production for organic cotton, average yields for land area and land area certification, ginning outburn, to estimate lint production, intercrops estimation in land in conversion is nowadays vital data required for the global textile industry usage of preferred recyclable fibers that has been increasing and involves manufacturers, retailers and suppliers to adopt these new standards for their production lines and get these certifications, to meet the quantity, quality, affordable prices and  global reach in an accelerated sector full of learning opportunities, tools, insight, standards, data,  measurement and benchmarking, accomplishing a more sustainable and responsible fiber and materials industry.

7 0
2 years ago
National income accountants can avoid multiple counting by1. only counting intermediate goods. 2. only counting final goods.3. i
lubasha [3.4K]

Answer:

2. Only counting final goods

Explanation:

When defining national income accounting and terminolgies, emphasis is always laid on "...total value of FINAL goods...". This is as a result of avoiding double counting. If intermediate goods were counted alongside final goods, it would be double counting because intermediate goods are used in producing those final goods. Final goods are good meant for final consumption. The other method used in avoiding double counting ( counting of the value of the same product more than once) apart from counting final gooda is Value added approach.

4 0
3 years ago
What is most often the cause for a change in career or lifestyle?
Margaret [11]

Answer:

Adjustment, is the right answer.

Explanation:

Adjustment is the reason that changes the career or lifestyle. For example, a girl who is working, if she gets married then there are chances that she will continue her professional life but after getting pregnant she has to adjust herself to not go outside. She will avoid going to the office, shopping malls, shopping, etc. Therefore, she has adjusted herself with the situation that changes her carrier (working professional) and her lifestyle.

4 0
2 years ago
In alphabetical order below are current asset items for Roland Company’s balance sheet at December 31, 2020.Accounts receivable
leva [86]

Answer:

Total Current assets = $622,000

Explanation:

<u>Balance sheet (For the year ending)</u>

<u>Current asses                   Amount     </u>

Accounts receivable        $220,000

Cash                                  $83,000

Stock                                 $275,000

Finished goods $89,000  

Raw materials   $94,000

W.I.P                  $92,000

<u>Prepaid expenses            $44,000     </u>

<u>Total Current assets        $622,000  </u>

7 0
2 years ago
What is the irr of an investment that costs $18,500 and pays $5,250 a year for 5 years?
saveliy_v [14]

The Internal rate of return (IRR) of an investment is found to be 13%.

<h3>What is Internal rate of return (IRR)?</h3>

The internal rate of return (IRR) is a financial analysis metric used to estimate the profitability of possible investments.

  • In a discounted cash flow analysis, IRR is a discount rate that renders the net present value (NPV) among all cash flows equal to zero.
  • IRR calculations employ the same method as NPV calculations.
  • Keep in mind that the IRR is not the project's actual dollar value.
  • The annual return is what brings the NPV to zero.

Now, according to the question;

Total investment = $18,500.

Returns = $5,250/year

Time = 5 years

Use the formula for calculation of IRR value.

$18,500 = $5,250 {[1 - 1/(1 + IRR)5] / IRR}

Simplyfying,

IRR = 12.92%

Therefore, the internal rate of returns are calculated as 13% (approximately).

To know more about internal rate of return, here

brainly.com/question/13373396

#SPJ4

6 0
1 year ago
Other questions:
  • Over one-third of female offenders are serving time for ________ offenses
    6·1 answer
  • The SIOC acts as the FBI's worldwide Emergency Operations Center. Which of these is established by the FBI in response to signif
    8·1 answer
  • What role does an entrepreneur play in the making of goods and services? A. The entrepreneur provides the labor for a business.
    9·2 answers
  • A good regression model has the fewest number of explanatory variables providing an adequate interpretation of the dependent var
    7·2 answers
  • Multiple intelligences are defined as
    6·1 answer
  • The constitution sets forth specific powers that can be exercised by the national government and provides that the national gove
    6·1 answer
  • Why might a business conduct a life cycle assessment?
    6·1 answer
  • Which type of text takes a larger proportion of money from people who make more money?
    11·1 answer
  • 25 point multiple choice
    14·1 answer
  • Which of the following are hybrid organizations that offer the same liability protection as a corporation but may be taxed as ei
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!