adjusted gross income should be $140,000
The computation of the adjusted gross income is given below:
There is the loss of $50,000
And, the adjusted gross income prior considering the loss should be $140,000
So here $50,000 loss should be suspended under the rule of the passive loss as ray should not be the material participant
Therefore adjusted gross income should be $140,000
If the price of basketballs goes up from $7.99 to $14.99, what can be expected from suppliers of basketballs as a result there will be an increase in quantity supplied.
In economics, quantity supplied represents the number of goods or services that a supplier produces and sells at a given market price. Supply is different from the actual supply (that is, total supply). This is because price changes affect how much suppliers actually put into the market.
A quantity supplied is the quantity of a product that a retailer intends to sell at a specific price, called the delivery quantity. A time period is also usually specified when describing shipping quantities. Example: If the price of an orange is 65 cents, he has a supply of 300 per week.
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The government could achieve reduction of cigarette consumption to by imposing a per-unit tax on cigarettes of 200 billion packs per year
<h3>What can Taxation achieve?</h3>
A taxation refers to compulsory levies on individuals, business by the governments on their income, operation etc.
In conclusion, apart from the revenue that tax generates for the government official, its also serves as tool for controlling consumption.
Read more about taxation
The right solution is "$178.86".
The given values are:
New nominal interest rate,
As per the question,
On the original loan, the annul installments will be:
As we know,
The remaining 156 instalments are charged throughout the PV after the 144th deposit,
On the refinanced loan, the annul installments will be:
After refinancing, the difference in mortgage will be:
Answer: Dr Bank $5 000; Cr Rent Revenue $ 5 000
From the information given in the question, we are informed that a business receives $5 000 for Rent
Revenue and deposits this amount into its bank account, this transaction will be recorded thus:
Debit Bank $5000
Credit Rent Revenue $5000
The correct journal entry is written above with regards to the transaction.