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3 years ago

8

Matthew is an ordained minister. His church provides him a housing allowance, all of which Matthew spends to rent his home and p

ay his utilities. Matthew can:

1 answer:

yanalaym [24]3 years ago

5 0

Answer:

Exclude the housing allowance from net earnings for income tax.

Explanation:

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A $300,000 bond was redeemed at 98 when the carrying value of the bond was $292,000. the entry to record the redemption would in

Kobotan [32]

Answer:

correct option is a. loss on bond redemption of $2,000

Explanation:

given data

bond = $300,000

redeemed at = 98

carrying value of bond = $292,000

to find out

entry to record the redemption would include

solution

we know here that Redemption value is

Redemption value = bond × redeemed

Redemption value = $300,000 ×98%

Redemption value =$294,000 ................1

and here Carrying value is $292,000

so we paid excess amount that is

paid excess amount = $294,000 - $292,000

paid excess amount = $2000

so here correct option is a. loss on bond redemption of $2,000

6 0

3 years ago

John (45) and Cynthia (46) are married, and they will file a joint return. During the year, they earned investment income consis

svetlana [45]

Answer:

Calculation of Net taxable income

Particulars Amount Amount

Interest income from savings interest $200

Interest income from certificate deposit $350

Dividend from saving account with $100

local credit union

Interest income from us treasury note $250

Tax exempt interest from municipality bond $500

Ordinary dividend <u>$1,700</u>

Gross total income $3,100

<u>Income exempt</u>

Dividend from saving account $100

Dividend from treasury note $250

Tax exempt interest from municipality bond <u>$500</u> <u>$850</u>

Net taxable income <u>$2,250</u>

8 0

3 years ago

cornelius owns grand games, a high-end store that retails games and toys that are handcrafted and carefully selected. cornelius

Nitella [24]

All of Cornelius’s activities are aimed at giving grand games a sustainable competitive advantage through <u>strategic positioning.</u>

Strategic positioning simply refers to the methods that a business can use in distinguishing itself from its competitors. It is the decision taken by a firm on how to serve the customers and deliver quality products to them.

Based on the information given, Cornelius owns a high-end store that retails games and toys that are handcrafted and carefully selected. Also, Cornelius targets customers who value artisanal work, this is referred to as strategic positioning.

In conclusion, the correct option is strategic positioning.

Read related link on:

brainly.com/question/24979995

8 0

3 years ago

GenX has a target capital structure of 40 percent common stock, 5 percent preferred stock, and 55 percent debt. Its cost of equi

AVprozaik [17]

Answer:

12.085 %

Explanation:

WACC = Cost of Equity x Weight of Equity + Cost of Preference Stock x Weight of Preference Stock + Cost of Debt x Weight of Debt

Remember to use the after tax cost of debt :

after tax cost of debt = interest x ( 1 - tax rate)

= 8.00 % x (1 - 0.35)

= 5.20 %

therefore,

WACC = 22.00 % x 0.40 + 8.50 % x 0.05 + 5.20 % x 0.55

= 12.085 %

thus

the firm's WACC given a tax rate of 35 percent is 12.085 %

6 0

3 years ago

Recommendations for a successful pitch include all of these except:

Inga [223]

The answer is letter a, it is because when doing a successful pitch or in order to achieve one, a person is not even required to stand behind a podium as it does not necessarily need or refer to a specific place to stand on when delivering a pitch but it is more important to show the product or service to attract the consumers.

8 0

3 years ago