Answer: $1,900
Explanation:
Theft loss deduction is calculated by adjusting the fair market value of the asset for a theft loss floor limitation of $100 and 10% of the person's AGI.
Theft loss deduction is:
= Fair value -Theft floor limitation - 10% of AGI
= 7,000 - 100 - (10% * 50,000)
= $1,900
Answer:
10.52 years
Explanation:
We can work out the number of years using this relationship
V =P× (1+r)^n
V= tribe valeu = 3×3.5 = 10.5
r-growth rate -11%
n- number of years- ?
10.5 = 3.5× (1.11)^n
<em>dividing both sides by 1.11^n</em>
1.11^n = 10.5/3.5
<em>taking the log of both sides</em>
n log 1.11 = log 3
n = log 3/log 1.11
n =10.52
Answer:
$2700 supplies in hand
$3600 Supplies expense
Explanation:
As you can see in question data Sheldon has already counted the supplies in hand so, we only have to calculate supplies expense by doing some minor workings
WORKINGS
Supplies Expense = Opening + purchases - payment made
Supplies Expense = $1600 + $4700 - $2500
Supplies Expense = $3600
Automatic stabilizers are government programs that <span>exaggerate the ups and downs in aggregate demand without legislative action. By reducing the ups and downs to help the demand and supply of products, the government tries to create balance within the economy. Automatic stabilizers work so that the government doesn't have to intervene each time something is needed to help the demand.</span>
