An investor whose highest priority is getting the largest gains possible, even if

Jeffery and Cassie, who are married with modified AGI of $90,000, are sending their son to his first year of college. Their tota

Nezavi [6.7K]

Answer: B. $2,500

Explanation:

The American opportunity tax credit (AOTC) is a tax credit benefit for parents and Guardians to paying tuition on Qualified students.

A maximum of $2,500 in credit can be acquired per eligible student and to qualify for this maximum, a married couple filing together must have a Modified Adjusted Gross Income (MAGI) of less than $160,000.

With a modified AGI of $90,000, Jeffery and Cassie are below the threshold and qualify for the full figure.

3 0

3 years ago

A mother notices that when she divides brownies equally between her two children and gives each child her share on a separate pl

kobusy [5.1K]

Answer:

E

Explanation:

I think this because if the children had'nt rivaled over the brownies, they would've lasted longer.

4 0

3 years ago

Read 2 more answers

24. You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will hav

polet [3.4K]

Answer:

The most expensive car can be afforded is = $17290.89

Explanation:

The down payment of a new car = $4000

The mothly payment (annuity ) = $350

Interest rate on the rate = 12% = 12% / 12 per month.

Now we have to calculate the most expensive car that can be afforded with the finance time of 48 months.

Below is the calculation:

$Present \ value = annuity \times \left [ \frac{1-(1+r)^{-n}}{r} \right ] \\= 350 \times \left [ \frac{1-(1+ 0.01)^{-48}}{0.01} \right ] \\= 13290.89 \\$

$\text{Total value of car} = savings + present \ value \\= 4000 + 13290.89 \\= 17290.89$

7 0

3 years ago

ABC Manufacturing has total fixed costs of $460,000. A unit of product sells for $20 and variable costs per unit are $11. Prepar

labwork [276]

Answer:

Net Income (Loss) = $440,000

Explanation:

Total Fixed Cost = $460000

Total Variable Cost = $11 * 100,000 unit = $1100000

Total Revenue = $20 * 100,ooo unit = $2000000

Contribution Margin = TR- TVC = ($200,000 - $1,100,000) = -$900,000

Net Income = Contribution margin - Total Fixed cost

Net Income (Loss) = $900,000 - $460,000

= $440,000

3 0

3 years ago

On April 1st, Bob the Builder entered into a contract of one-month duration to build a barn for Nolan. Bob is guaranteed to rece

hichkok12 [17]

Answer:

a) What is the expected transaction price with variable consideration estimated as the expected value?

original cost $5,800 if job is finished in one month (15% probability)
bonus price for finishing 2 weeks earlier $5,800 x 1.25 = $7,250 (25% probability)
bonus price for finishing 1 week earlier $5,800 x 1.15 = $6,670 (60% probability)

expected transaction price = ($5,800 x 15%) + ($7,250 x 25%) + ($6,670 x 60%) = $6,684.50

b) What is the expected transaction price with variable consideration as the most likely amount?

$6,670, since it has a 60% probability

3 0

3 years ago