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Digiron [165]
3 years ago
15

The Wilmoths plan to purchase a house but want to determine the after-tax cost of financing its purchase. Given their projected

taxable income, the Wilmoths are in the 24% Federal income tax bracket and the 8% state income tax bracket (i.e., an aggregate marginal tax bracket of 32%). Assume that the Wilmoths will benefit from itemizing their deductions for both Federal and state purposes. The total cash outlay during the first year of ownership will be $33,200 ($3,320 principal payments, $29,880 qualified residence interest payments).
As a result, the annual after-tax cost of financing the purchase of the home will be $_____________?
Business
1 answer:
iVinArrow [24]3 years ago
6 0

Answer:

the annual after-tax cost of financing the purchase of the home is $23,638.40

Explanation:

The computation of the annual after-tax cost of financing the purchase of the home is shown below:

= Installment amount - tax saving

= $33,200 - ($29,880 × 32%)

= $33,200 - $9,561.60

= $23,638.4

hence, the annual after-tax cost of financing the purchase of the home is $23,638.40

We simply applied the above formula

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Campbell Co. has net sales revenue of $1,320,000, cost of goods sold of $760,700, and all other expenses of $297,000. The beginn
olasank [31]

Answer:

3.46

Explanation:

Calculation for Campbell Co. fixed asset turnover ratio

First step is to find the Average net fixed assets

Using this formula

Average Fixed assets= Fixed assets Beginning balance +Fixed assets ending balance /2

Let plug in the formula

Average Fixed assets= $368,000 + $396,000/ 2

Average Fixed assets=$764,000/2

Average Fixed assets=$382,000

Second step is to calculate for the Fixed asset turnover

Using this formula

Fixed asset turnover = Net revenue ÷ Average net fixed assets

Let plug in the formula

Fixed asset turnover= $1,320,000 ÷ $382,000

Fixed asset turnover= 3.46

Therefore Campbell Co. fixed asset turnover ratio will be 3.46

7 0
3 years ago
TP2.
Karo-lina-s [1.5K]

Answer and explanation:

As their name describes, <em>nonprofit entities</em> are organizations whose main plan is not to have revenues out of their operations. They usually provide social services to different sectors of the population and can handle their operations mainly thanks to charity and donations. While making their budgets, these organizations cannot estimate their revenues since they cannot take donations for granted. Instead, they estimate their expenses since they will be incurred for sure.

8 0
3 years ago
Diana's editorial business was not growing and she sought ways to expand her client list. She recognized that technology provide
DerKrebs [107]

Answer:

C) knowledge

Explanation:

According to my research on different production factors, I can say that based on the information provided within the question Diana's is using the factor of production known as Knowledge. This can be said because she is learning new ways of growing her business by learning about different territories (technology) in which to expand her business.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
E6-23 (similar to) Aunt Betty Bakery reported net sales revenue of $ 59 comma 000 and cost of goods sold of $ 17 comma 000. Comp
oee [108]

Answer:

a. Ending merchandise inventory is overstated by $4,000.

net sales revenue of $59,000

cost of goods sold of $17,000 + $4,000 = $21,000

gross profit = $38,000

Since ending inventory was overstated, it means that COGS were understated.

b. Ending merchandise inventory is understated by $4,000.

net sales revenue of $59,000

cost of goods sold of $17,000 - $4,000 = $13,000

gross profit = $46,000

Since ending inventory was understated, it means that COGS were overstated.

3 0
3 years ago
_____ is the ability of a product or service to perform as expected under normal conditions.
Leona [35]
The Answer fam is.......... C) Reliability 
5 0
3 years ago
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