Which answer is correct

For 2021, Sherri has a short-term loss of $2,500 and a long-term loss of $4,750. a. How much loss can Sherri deduct in 2021?

lakkis [162]

Based on the information given the amount of loss that Sherri deduct in 2021 is $3,000.

<h3>Short-term loss and long-term loss</h3>

Since he had both short-term loss and long-term loss the amount of loss that is deductible is $3,000 of capital loss. ($1,500 each for married filing separately).

Both the short-term loss and the long-term loss are combined up to the limit of the amount of $3,000 and the capital loss in excess of the amount of $3,000 are carried forward to following year.

Inconclusion the amount of loss that Sherri deduct in 2021 is $3,000.

Learn more about short-term loss and long-term loss here:brainly.com/question/25117603

7 0

2 years ago

Shen wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacati

aleksley [76]

Answer:

Money plays the role as a store of value, a medium of exchange, as well as the unit cost of both the computer and vacation.

Explanation:

Money is a generally accepted medium of exchange or as a means of payment for goods ad services. The value of a product or a service is determined by how much money people are willing to pay for it. Hence money is also a determinant of value.

From the question,

Shen has $1537 in his account, this is the store of value he is willing to exchange for either a computer or vacation.

As he cannot afford both, he measures the opportunity cost and chooses the computer over the vacation. his check of $1.299 with which he buys the computer is his medium of exchange with which he purchased the computer.

The costs of both of the vacation and computer is the unit cost of value p;aced on both of them

6 0

2 years ago

If a large corporation is being sued by a much smaller entity, the corporation may submit to a deposition which is a form of gam

Oxana [17]

That statement is true
In legal term, deposition refers to an investigation that demands a sworn truth from the opposing party. The cost of pursuing legal actions tend to be realy huge. By doing disposition, we could reduce witness testimony into writing form in order to minimize discovery time.

3 0

2 years ago

Maxwell Feed & Seed is considering a project that has the following cash flow data. What is the project's IRR? Note that a p

Kay [80]

Answer:

13.31%

Explanation:

some information is missing:

Year Cash flows

0 −$1,100

1 $450

2 $470

3 $490

the easiest way to calculate the IRR is by using a financial calculator, IRR = 13.31%

but if we don't have one at hand, the IRR is the discount rate at which a project's NPV = 0

1,100 = 450/(1 + r) + 470/(1 + r)² + 490/(1 + r)³

to simplify the formula we must use trial and error:

since we already know the real IRR, I will start with a close number like 10%

1,100 = 450/(1 + 0.1) + 470/(1 + 0.1)² + 490/(1 + 0.1)³

1,100 = 409.09 + 388.43 + 368.14

1,100 ≠ 1,165.66

since the NPV is still positive, we must increase the discount rate. following the example we can use 12%

1,100 = 450/(1 + 0.12) + 470/(1 + 0.12)² + 490/(1 + 0.12)³

1,100 = 401.79 + 374.68 + 348.77

1,100 ≠ 1,125.24

we must increase the discount rate even more to 13%

1,100 = 450/(1 + 0.13) + 470/(1 + 0.13)² + 490/(1 + 0.13)³

1,100 = 398.23 + 368.08 + 339.59

1,100 ≠ 1,105.90

we keep increasing the discount rate to 14%

1,100 = 450/(1 + 0.14) + 470/(1 + 0.14)² + 490/(1 + 0.14)³

1,100 = 394.74 + 361.65 + 330.74

1,100 ≠ 1,087.13

since now the NPV is negative, the discount rate must be between 13-14%

we continue this way until we finally reach 13.31%

4 0

3 years ago

The managers of a division are given a fixed budget and are then evaluated on the basis of their ability to produce goods or ser

AlladinOne [14]

Answer: Expense budget approach

Explanation: Budgeting is a process of creating an itemized summary of intended expenditure; usually coupled with expected revenue for a particular institution, activity or time-frame. An expense budget approach is one in which managers of a division are given a fixed budget. After all expenses are made and recorded, the managers are then evaluated on the basis of their ability to produce goods or services given the amount of money made available.

8 0

3 years ago