why school cant just end why cant we have a president that stops school im not learning anything anyway

On September 1, 2020, Windsor Company sold at 104 (plus accrued interest) 3,840 of its 8%, 10-year, $1,000 face value, nonconver

Rzqust [24]

Answer:

total sales value = 3,840 x $1,000 = $3,840,000 x 1.04 = $3,993,600

since each bond carried 2 detachable stock warrants, we must include in the bond issuance the value of the stock warrants = 3,840 bonds x 2 warrants x $2 per warrant = $15,360

the premium on bonds payable = total cash received - bonds payable - stock warrants = $3,993,600 - $3,840,000 - $15,360 = $138,240

the journal entry for recording the bond issuance:

September 1, 2020, 3,840 8% bonds issued

Dr Cash 3,993,600

Cr Bonds payable 3,840,000

Cr Premium on bonds payable 138,240

Cr Additional paid in capital - warrants 15,360

5 0

3 years ago

Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square f

jekas [21]

Answer:

a) $7,400

b)$60,000

Explanation:

First, we need to complete the question

a) What is Rita's home office deduction for the current year?

b) What is Rita's AGI for the year?

Solution

a) Rita's Home Office Deduction for the Current Year

Description Amount ($)

Gross Income 13,000

Subtract: Her Business Expenses (5,600)

The balance 7,400

Subtract: Expenses under 1st Tier (6,700)

(Interest 5,100 + taxes 1,600)

Balance 700

Subtract: Expenses unde 2nd Tier (700)

($800 Operating Expernses before limit)

Balance 0

Subtract: Expenses under 3rd Tier (0)

1,600 Depreciation before limit

<u>Net income from Rita's Business 0</u>

The Deduction allowed Rita is $7,400 a totla of the home office expenses and the home operating expenses

Note that there was no expense subtracted for the Tier 3 expenses this is because Rita's income had reduced to $0 and there was nothing to subtract from

B) What is Rita's AGI for the year?

The AGI is the Rita's reported AGI of $60,000 + $0 which is the net calculated income from her business. So her AGI remains $60,000.

6 0

3 years ago

The Federal Reserve S role as a lender of last resort involves lending to which of the following financially troubled institutio

ANTONII [103]

Answer: U.S. banks that cannot borrow elsewhere

Explanation:

Lender of last resort is.a situation that occurs when the central bank in a country gives loans to the commercial banks in the country when they are going through financial difficulties.

In this scenario, The Federal Reserve S role as a lender of last resort involves lending to U.S. banks that cannot borrow elsewhere.

5 0

3 years ago

Jermaine and Kesha are married, file a joint tax return, have AGI of $82,500, and have two children. Devona is beginning her fre

Lemur [1.5K]

The American Opportunity credit available to Jermaine and Kesha for 2021 is:$5,000.

First step is to calculate the American Opportunity credit for Devona

American Opportunity credit for Devona=(100% of first qualifying expenses+ 25% of next qualifying expenses)

American Opportunity credit for Devona=(100%×$2,000)+(25%×$2,000)

American Opportunity credit for Devona=$2,000+$500

American Opportunity credit for Devona=$2,500

Second step is to calculate the American Opportunity credit for Arethia's

American Opportunity credit for Arethia's =(100% of first qualifying expenses+ 25% of next qualifying expenses)

American Opportunity credit for Arethia's=(100%×$2,000)+(25%×$2,000)

American Opportunity credit for Arethia's=$2,000+$500

American Opportunity credit for Arethia's=$2,500

Third step is to calculate the Total American Opportunity credit

Total American Opportunity credit= American Opportunity credit for Devona +American Opportunity credit for Arethia's

Total American Opportunity credit=$2,500+$2,500

Total American Opportunity credit=$5,000

Based on the above calculation total American Opportunity credit will be $5,000 reason being that both Jermaine and Kesha's Adjusted Gross Income of the amount of $82,500 is not higher than $160,000.

Inconclusion the American Opportunity credit available to Jermaine and Kesha for 2021 is:$5,000.

Learn more about American Opportunity credit here:brainly.com/question/24535935

8 0

2 years ago

Describe the effect of technology as it relates to structural unemployment and technological unemployment

nignag [31]

Structural unemployment is aggravated and reduced by technology depending on the sector and advancements coming with it.

Explanation:

Technology has been responsible for the increase and decrease in structure unemployment which in simple terms means technology has given and taken people's jobs.

This is because technology changes an industry fundamentally. The people who are replaced by self serve robots loose their jobs but many gain the jobs of handling the new installed equipment like this in companies.

This leads to the point of technological unemployment which means that some people remain unemployed because they do not have certain technical knowledge which is unfortunate for many from lower classes.

7 0

3 years ago