THE ANSWER TO THIS QUESTION IS JOE HAS A HIGHER ONE
Answer:
Hello your question has some missing part below is the missing part
Yashari’s monthly take-home pay is $1850. What percentage of her paycheck will go toward student loans if she chooses standard repayment? Does that payment amount seem reasonable? Why or why not?
answer :
14.43% of his paycheck
The payment amount is reasonable ( $ $32035 )
Explanation:
Subsidized loans = $7000
unsubsidized loans = $19000
Annual earnings = $27,000
Monthly pay = $1850
<u>solution </u>
If Yashari chooses the standard repayment the percentage of her paycheck that will go for repayment will be 14.43% while the interest rate will be 4.3%
Therefore the total repayment will be $32035 which is a reasonable amount
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Answer:
Ending Inventory $ 64,000
Explanation:
To define the final inventory of the company it's necessary to find the cost of good of the period.
As the company had a 43% of gross profit, it means that for every dollar of sales we have 0,43 dollar of Gross Profit, with this value is possible to know the total cost of the goods sold during the period, that it's the difference between Sales Revenue and Gross Profit.
Total Sales Revenue had to be the net value after returns and discounts as it's detailed.
Income Statement
Sales revenue $ 300,000
Cost of goods sold -$ 171,000
Gross Profit $ 129,000 43%
Beginning Inventory $ 60,000
Purchases $ 175,000
Cost of goods sold -$ 171,000
Ending Inventory $ 64,000
Answer:
Loan amount = $184,193.95
Explanation:
Interest will remain same each year. Interest per year = 200,000*10% = $20,000
Installment $21,215.85
Less: Interest <u>$20,000</u>
Payment to Principal <u>$1,215.85</u>
Total principal repaid in 13 years = $1,215.85 * 13 years = $15,806.05
So, the principal left = $200,000 - $15,806.05 = $184,193.95
Answer: $107,600 ordinary gain and $530,400 Section 1231 gain
Explanation:
Section 1231 property is when a business property that's either real or depreciable is held for more than one year. It should be noted that section 1231 gain which arises when the property is sold will be taxed at lower capital gains tax rate which is versus the ordinary income rate.
Therefore, Kuong should characterize the $638,000 gain recognized on sale as $107,600 ordinary gain and $530,400 Section 1231 gain.
The correct option is C.
