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yuradex [85]
2 years ago
5

Bill and Jane Jones were divorced on January 1, 2018. They have no children. In accordance with the divorce decree, Bill transfe

rred the title of their house over to Jane. The home had a fair market value of $250,000 and was subject to a $100,000 mortgage. Under the divorce agreement, Bill is to make $1,000 monthly mortgage payments on the home for the remainder of the mortgage. In the current year, Bill made 12 mortgage payments. What amount is taxable to Jane in the current year
Business
1 answer:
TiliK225 [7]2 years ago
4 0

Answer: $0

Explanation:

Based on the information given in the question, the amount that is taxable to Jane in the current year will be $0.

We should note that there'll be no deduction made for the payments made since the settlement with regards to the divorce agas already provided for the payment. The payments in this case aren't included in the gross income of the person that'll collect the payment.

Therefore, the answer is $0.

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Preparing an Ending Finished Goods Inventory Budget Andrews Company manufactures a line of office chairs. Each chair takes $14 o
tigry1 [53]

Answer:

Consider the following calculations

Explanation:

1. Direct material         $14

Direct labor (16*1.9) 3.04

Variable overhead (1.1*1.9) 2.09

Fixed overhead (1.5*1.9) 2.85

Unit product cost          $21.98

2. Cost of budgeted ending inventory = 21.98*620 = $13, 628

3 0
3 years ago
Read 2 more answers
Mark is approaching the implementation phase of the new asset management system (AMS). To test the system's viability and work o
Whitepunk [10]

Answer:

Pilot Conversion Approach.

Explanation:

According to my research on different conversion approaches, I can say that based on the information provided within the question the approach being described is called a Pilot Conversion Approach. Like mentioned in the question this approach is when a professional tests and implements a new system is slowly tested and implemented into single departments/divisions within a company as opposed to the whole company at once. This is done in order to make sure everything is running smoothly and catch errors along the way in order to be able to fix them before the whole system is implemented into the entire company.

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

7 0
2 years ago
your friend is over spending and in need of a budget whtat type of expenses should they reduce next month?a. buy fewer school bo
Elena L [17]
The answer should be b. going to the movies with friends
8 0
3 years ago
Leah deposited $50,000 in the bank. Three years later, she borrowed $40,000 for a new truck. From this description, which is the
Anarel [89]
B. leah did not have to provide collateral

5 0
3 years ago
Read 2 more answers
Pharma One’s analgesic drug KleenKare has a 50% share in the analgesics market in the country of Syria. Its closest competitor,
elixir [45]

Answer:

Pharma One

The statement that indicates that KleenKare is a cash cow according to the the Boston Consulting Group (BCG) matrix is:

2. The demand for analgesic drugs in the Syrian market is expected to maintain a low-growth, high-share status.

Explanation:

A cash cow depicts the BCG matrix quadrant where there are higher returns, high market share in a low-growth market.  The cash cow requires little investment to generate high returns.  It also provides the cash for financing the other quadrants (dogs, stars, and question marks).  Basically, the BCG matrix, also known as the Growth/Share Matrix, depicts the products' growth opportunities.

4 0
3 years ago
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