Answer:
$500
Explanation:
Calculation to determine the adjusted gross income for 2020
 
Ordinary cash dividend $200
Add Cash prize awarded from a contest $300
Adjusted gross income $500
($200+$300)
Therefore the adjusted gross income for 2020 will be $500
 
        
             
        
        
        
Answer: I must invest <u>$85424.14</u> today in order to buy a Ferrari nine years from now on the day I turn 30.
We have 
Price of the Ferrari nine years from now (Future Value - FV)    $215000
Expected Rate of return on the mutual fund (r)    10.8%
Time until I turn 30  (n)   9 years
We can calculate the Present Value (PV) or the money to be invested today as 



 
        
             
        
        
        
Answer:
 the  value of the stock is $21
Explanation:
The computation of the value of the stock is given below:
= Annual dividend per share ÷ required rate of return 
= $2.10 ÷ 10%
= $21
Hence, the  value of the stock is $21
We simply divided the annual dividend from the required rate of return so that the value of the stock could come