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Sergeu [11.5K]
3 years ago
6

Tax Savings. John and Cheryl just borrowed $30,000 on a home equity line of credit. The interest rate for the loan is 6.75% for

the entire year, and they took out the loan on May 1. John and Cheryl are in the 28% tax bracket. What will be their tax savings for the first year ending December 31st
Business
1 answer:
Sauron [17]3 years ago
6 0

Answer:

$378

Explanation:

Interest expenses in current year = Amount of borrowing*Interest rate*8 month/12 months

Interest expenses in current year = $30,000 * 6.75% * 8/12

Interest expenses in current year = $1,350

Tax saving on interest expenses = Interest expenses * Tax rate

Tax saving on interest expenses = $1,350 * 28%

Tax saving on interest expenses = $378

So, their tax savings for the first year ending December 31 will be $378.

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Use brand equity as leverage to penetrate new markets.

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<h3>What do you understand by Coda Coffee and Bext360 Supply Chain?</h3>

The expense of Coda Coffee's dedication to ethical coffee was expensive. The price paid by the corporation for raw coffee beans, or cherries, was three times the commodity exchange rate. By the end of 2018, their supply chains extended from Denver to every corner of the globe. Could AI, machine learning, blockchain, and IoT provide Coda Coffee with the assurance that their premium pricing translated into higher farmer wages? In turn, could this aid their customers? Coda continuously sought to achieve this assurance through the connections they made and the sourcing strategies they pursued. In this scenario, a technology startup, Bext360, and a relatively new coffee company, Coda Coffee, partner to use Industry 4.0 technologies to increase supply chain transparency. The case discusses the reasons for starting a pilot project in Uganda.

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1 year ago
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Eddi Din [679]

Answer:

Joining a Meetup group in your area allows you to pitch your products.

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Such meet up enable one to showcase products to be sold, hence; pitch ones products

This increases the chances of increase in sales as wider customers would be met, thus; maximizes ones profit

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