Answer:
Explanation:
In 2019, the gross income test is an official order that all dependents have no right to earn more than a given amount of income each year which is ($4200).
To compute the gross income for James Father, we have:
Description Amount
Gross income for rents $3000
Municipal Bond Interest 0
Dividend Income $1500
Social Security: 0
(since social security is exempted from the gross-income dependency test;
The total gross income = $4500
Thus, the gross income for James Father is $4500 as such he is not qualified to be dependent.
Answer:
B) technological changes.
Explanation:
Structural unemployment is an unemployment resulting from the change in reorganization or technological change. This makes labor's skills do not match to industrial needs. For example, introducing automation or AI to do routine tasks makes abundant workers get out of their jobs.
Answer:
Sale of Merchandise for Cash
Revenue (Shareholders Equity) = Increase $107500
Cash (Asset) = Increase $107500
Liabilities = No Effect
Cost of Goods Sold
Shareholders Equity = Decrease $ 53750
Inventory (Asset) = Decrease $53750
Liabilities = No Effect
Explanation:
Sale of Merchandise for Cash
Recognition of Revenue increases Profit in Income Statement and consequently increases shareholders equity.
Assets of Cash are increasing to depict inflow of economic benefits
Cost of Goods Sold
Cost of Goods sold represent outflow of economic benefits
Assets of Inventory are decreasing
Answer: Less than in year 8
Explanation:
Here is the complete question:
A 12-year capital lease specifies equal minimum annual lease payments. Part of this payment represents interest and part represents a reduction in the net lease liability. The portion of the minimum lease payment in Year 10 applicable to interest expense should be:
a. Less than in Year 8
b. More than in Year 8
c. The same as in Year 12
d. Less than in Year 12
A capital lease is a type of lease whereby the leader asset are financed by the lessor while the lessee gets all other ownership rights.
Based on the scenario explained in the question, the portion of the minimum lease payment in Year 10 applicable to interest expense should be less than in Year 8.
The Current yield on the bonds are calculated as :
Current yield = Annual coupon payments/ Current price
Here, we assume the face value of the bond to be $1000
Annual coupon payments are 10.6% of the face value or 0.106*1000 = 106
Current price = 108.1% of the face value = 1.081* 1000 = 1081
Current Yield = 106/1081
Current Yield = 0.098057 = 9.8057%
Current Yield = 9.81% (Rounded to two decimals)