Answer:
B. Bought the bonds from Dalrymple and sold them to the public
Explanation:
As the Investment Bankers for the event, The Commonwealth Bank of Australia were underwriters to the issue.
One of the methods of Underwriting that Investment bankers embark on is called the FIRM COMMITMENT Principle which states that the Investment bank will.buy all the bonds or shares and then resell them. If they are unable to resell them however, the remaining bonds or stock is their problem.
extranaughtee kitties, inc., sells obscene materials. this is
bhbhh lh l lljh l lh ;h ;hh hkkhh hj hjb Answer: jhh ki
Explanation:
In the Month of March, Digby received orders of 159 units at a price of $15.00 for their product Drat, and in April receives an order for 40 units of their product Drat at $15.00. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 0 units in March, 159 units in April and 40 units in May. They received payment for 159 units in April, and payment for 40 units in May. How much revenue is recognized on the March income statement from this order
Answer: 0
Explanation:
Accrual accounting method simply means when revenue or expenses are written down and recorded at the time that the transaction took place and not when payment was gotten.
The revenue that is recognized on the March income statement will be 0. This is because the delivery was in April and none took place in March.
bruin manufacturing has expected ebit of $26,000 in perpetuity. a tax rat 35% and debt equity ratio of 60 percent. the firm has $60,000 in outstanding debt at an interest rate of 8percent and its wacc is 12 percent. what is the value of the firm according to m&m proposition 1 with taxes?. should bruin change its debt-equity ratio if the goal is to maximize the value of the firm? explain.
The value of the firm according to M&M proposition 1 with taxes will be as follows,
WACC = .12 = (100/160)RE+ (60/160)(.08)(.65) ;RE= .1608
RE= .1608 = RU+ (RU– .08)(.6)(.65) ;RU= .1381
VU= EBIT(1 – t)/RU= ($26,000)(.65)/.1381 = $122,348.96
VL= VU+ Dt = $122,348.96 + .35D = $140,833.33
Or
VL= EBIT(1 – t)/WACC = ($26,000)(.65)/.12
= $140,833.33
What is M&M proposition?Miller and Modigliani theory mentions two propositions. Proposition I state that the market value of any firm is independent of the amount of debt or equity in capital structure. Proposition II states that the cost of equity is directly related and incremental to the percentage of debt in the capital structure.
B) Applying M&M Proposition with tax the capitals, the firm has increased its value by issuing debt. As long as M&M Proposition holds, that is, there are no bankruptcy costs and so then the company should continue to increase its debt equity ratio to maximize the value of the firm.
Thus, the value of the firm according to M&M proposition 1 with taxes will be $140,833.33.
Learn more about M&M proposition here,
https://brainly.com/question/16032884
#SPJ1
Tilted Arcis big and rusty.
multiple choice - Helpful in focusing perception to elicit a favorable response
- Helpful in focusing perception to elicit an unfavorable response
- Too vague to focus perception
- False or implausible and therefore unable to focus perception
- Irrelevant to focusing perception
Tilted Arcis big and rusty is irrelevant to focusing perception.
What is perception?To represent and grasp the information or environment that is being provided, sensory data must be recognized, organized, and interpreted. Neuronal system impulses that are generated by chemical or physical stimulation of the sensory system pass through all perceptions and are responsible for their existence. Perception is the active interpretation of these signals, in addition to the recipient's learning, memory, expectation, and attention. Sensory input is the process of converting low-level information into higher-level information. Despite being dependent on complex brain system activity, perception appears to be essentially effortless since this processing happens outside of conscious awareness. Since the advent of experimental psychology in the 19th century, psychology's understanding of perception has improved through the synthesis of several approaches.
To learn about perception, visit:
https://brainly.com/question/26281225
#SPJ4
What is the function of the evaporator?
Answer:
The evaporation of water is a physical process by which water changes from a liquid state to a gaseous state or water vapor. This process takes place on the surface of the water from a certain temperature and until the space is saturated with steam.
JIT involves
a.large carrying cost
b.no carrying cost
c.no order cost
d.none
Answer:
The answer is
No order cost
Fitz Company reports the following information.
Selected Annual Income Statement Data
Net income $373,000
Depreciation expense 45,200
Amortization expense 8,800
Gain on sale of plant assets 6,300
Selected Year-End Balance Sheet Data
Accounts receivable decrease $ 140,100
Inventory decrease 51,500
Prepaid expenses increase 6,800
Accounts payable decrease 9,700
Salaries payable increase 2,300
Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31.
Answer:
operating activities section
Net income 373,000
Adjustment for non cash items :
Depreciation expense 45,200
Amortization expense 8,800
Gain on sale of plant assets (6,300)
Adjustment for Changes in Working Capital :
Accounts receivable decrease 140,100
Inventory decrease 51,500
Prepaid expenses increase (6,800)
Accounts payable decrease (9,700)
Salaries payable increase 2,300
Net Cash Provided by Operating Activities 598,100
Explanation:
The operating activities section of its statement of cash flows for the year ended December 31 has been prepared above using indirect method.
the legal affairs attorney working at AMD would most likely occupy an
The legal affairs attorney working at AMD would most likely occupy an in-house counsel position.
What is inhouse counselAn in-house counsel is a lawyer who is employed by a company or organization to provide legal advice and representation on a range of legal issues related to the company's operations, contracts, intellectual property, compliance, and litigation.
The role of an in-house counsel is to ensure that the company's actions and policies comply with relevant laws and regulations and to represent the company in legal proceedings when necessary. The in-house counsel works closely with the company's executives and employees to provide legal guidance and to identify and mitigate potential legal risks.
Read more on legal affairs here:https://brainly.com/question/1922718
#SPJ1
how hospital capacity considerations differ from a factory.
Answer:
One of the differences between hospital and factory capacity is that a hospital can add capacity easily by adding more staff and beds. A factory is usually technologically limited and therefore must plan well in advance to add capacity.
Explanation:
Identifying relevant information Dave Schneider manages an IT department for a large corporation. Blair Murphy, vice president for marketing, has asked him to help her evaluate two statistical packages for monitoring customer purchases. Stat-Max costs $912,000, requires 2 gigabytes of disk storage space and 80 programmer hours for customization, and has no annual license fee. The software vendor provides 150 hours of user training and offers 24-hour technical support. Buy Tracker costs $500,000, requires 2 gigabytes of disk storage space and 125 programmer hours for customization, and carries a $10,000 annual license fee. The software vendor provides 150 hours of user training and offers technical support from 8:00 A.M. to 5:00 P.M. Central Standard Time.
Required;
What information is relevant to the decision to purchase one of these statistical packages?
What other information would you want to know?
Will the out-of-pocket cost of the software be more or less than the relevant cost? What causes the difference?
The relevant information that is required to decide which of the two statistical packages to buy is as follows: Cost of the software: Stat-Max is $912,000 while Buy Tracker costs $500,000. Cost of customization : Stat-Max requires 80 programmer hours while Buy Tracker requires 125 programmer hours. Annual license fee : Stat-Max has no annual license fee while Buy Tracker carries a $10,000 annual license fee. Both software vendors provide 150 hours of user training and offer technical support. However, technical support for Buy Tracker is only offered from 8:00 A.M. to 5:00 P.M. Central Standard Time.
Other information that one would want to know before making a purchase decision include: The features and functionality of each software package: It is important to know the specific features and functionalities that come with each software package. This will help determine which package is better suited to meet the needs of the organization.
The experience of the software vendor: Knowing the experience of the software vendor in developing and supporting the software is important. This will help ensure that the organization can get the required technical support when needed.
The reputation of the software vendor: Knowing the reputation of the software vendor is important. A vendor with a good reputation is likely to provide good quality software that meets the needs of the organization. It is also likely to provide good quality technical support.
The out-of-pocket cost of the software will be less than the relevant cost for Buy Tracker. This is because Buy Tracker has an annual license fee of $10,000, which is not included in the out-of-pocket cost. Therefore, the relevant cost for Buy Tracker is $510,000.
The out-of-pocket cost for Stat-Max is the same as the relevant cost since it has no annual license fee.
Therefore, the out-of-pocket cost for Stat-Max is $912,000, which is higher than the out-of-pocket cost for Buy Tracker. The difference in cost is due to the annual license fee for Buy Tracker.
For more question on license
https://brainly.com/question/31346973
#SPJ8
In 2020, Cullumber Company reported net income of $585000. It declared and paid preferred stock dividends of $111000 and common stock dividends of $54000. During 2020, Cullumber had a weighted average of 300000 common shares outstanding. Compute Cullumber's 2020 earnings per share.
Answer: $1.58
Explanation:
Earnings per share is the amount of a company's earnings that is available to the common shareholders.
Formula is;
Earnings per share = (Net Income - Preferred dividends) / Weighted average common share outstanding
= (585,000 - 111,000) / 300,000
= $1.58
LaFevor Co. acquired 70% of the common stock of Dean Corp. on August 1, 2022. For 2022, Dean reported revenues of $960,000 and expenses of $780,000, all reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $21,000. What is the effect of including Dean in consolidated net income for 2022
Answer:
$66,250
Explanation:
Calculation for What is the effect of including Dean in consolidated net income for 2022
Effect of including Dean in consolidated net income for 2022=[($960,000-$780,000)*5/12]- ($21,000 × 5/12)
Effect of including Dean in consolidated net income for 2022=($180,000 × 5/12)- ($21,000 × 5/12)
Effect of including Dean in consolidated net income for 2022=$75,000-$8,750
Effect of including Dean in consolidated net income for 2022=$66,250
(Note that August 1 to December 31 will give us 5 months)
Therefore the effect of including Dean in consolidated net income for 2022 is $66,250
Advanced computer part these is the perpetual inventory system on May 5 advanced old merchandise with a cost of $1500 for $5000
OA Cash
Accounts Receivable
OB. Cash
Accounts Receivable
OC. Cash
Sales Discounts Forfeited
Accounts Receivable
ect
OD. Cash
Accounts Receivable
Sales Discounts Forfeited
Advanced Computer Parts uses the perpetual inventory system. On May 5, Advanced sold merchandise with a cost of $1,500 for $5,000 to a customer on account with terms of 2/10, 30. Which of
the following journal entries correctly records the payment received from the customer on May 30?
4,900
5,000
Masterwork Project x
4,900
100
5,000
4,00
5,000
5,000
Question 6 of 27
4,900
100
Content Lecture Chi X
Course Home
Test 3
Update
Ava rohani 08/07/22 7:57 PM
This test: 80 points possible
This question: 2 points) possible
Submit test
The journal entries that correctly records the payment received from the customer on May 30 is:
Debit to Cash for $4,900Debit to Sales Discount for $100Credit to Accounts receivable for $5000What is a journal entry?This refers to the act of keeping or making records of any transactions either for economic or non-economic reasons.
The main purpose of a journal entry is to record every business transaction properly and accurately.
Date Journal Entry Debit Credit
May 30 Cash $4,900
Sales Discount $100
($5,000 * 2/100)
Accounts receivable $5000
The answered question "Advanced Computer Parts uses the perpetual inventory system. On May 5, Advanced sold merchandise with a cost of $1,500 for $5,000 to a customer on account with terms of 2/10, 30. Which of the following journal entries correctly records the payment received from the customer on May 30?"
Read more about journal entry
brainly.com/question/14279491
#SPJ1
hedge funds are a type pf mutual fund for wealthy investors and therefore subject to most of the same regulations and disclosure requirements as other mutual funds.
Hedge funds typically require a high minimum investment and are only open to accredited investors, such as wealthy individuals and institutional investors.
What is investors?An investor is any person or other entity (such as a firm or mutual fund) who commits capital with the expectation of receiving financial returns. Investors rely on different financial instruments to earn a rate of return and accomplish important financial objectives like building retirement savings, funding a college education, or merely accumulating additional wealth over time.A wide variety of investment vehicles exist to accomplish goals, including (but not limited to) stocks, bonds, commodities, mutual funds, exchange-traded funds (ETFs), options, futures, foreign exchange, gold, silver, retirement plans, and real estate. Investors can analyze opportunities from different angles, and generally prefer to minimize risk while maximizing returns.To learn more about mutual fund refer to:
https://brainly.com/question/23601898
#SPJ4
California allows which of the following deductions for this year?
Which banker would a software company most likely visit for help to raise large amounts of capital to acquire, or buy out another company?
a community banker
an investment banker
a commercial banker
an executive banker
Answer and Explanation: it's B
The banker that would be visited to raise large amounts of capital to buy another company is an investment banker
Who is an investment banker?
This is a person that is involved in helping to raise capitals for large corporations and organizations.
The answer to this question is best suited to the explanation because the banker is helping to raise the money that woiuld be used to acquire a company.
Read more on investment banking here:
https://brainly.com/question/12301548
Perform a financial analysis for a project using the format provided in the book. Assume the projected costs and benefits for this project are spread over four years as follows: Estimated costs are $100,000 in Year 1 and 525.000 each year in Years 2, 3, and 4. (Hint: Just change the years in the template file from 0, 1, 2, 3, and 4 to 1, 2, 3, and 4. The discount factors will automatically be recalculated.) Estimated benefits are 50 in Year 1 and 580,000 each year in Years 2, 3, and 4. Use an 8% discount rate. Use the business case financials template provided on the companion Web site to calculate and clearly display the NPV, ROI, and year in which payback occurs. In addition, write a paragraph explaining whether you would recommend Investing in this project based on your financial analysis.
Answer:
A B C D E
Year 1 100000 0 0.925 92500 0
Year 2 25000 80000 0.857 21425 68560
Year 3 25000 80000 0.793 19825 63440
Year 4 25000 80000 0.735 18375 58800
Total 152,125 190,800
Cost of the project = A, Benefits = B, Discount Factor at 8% = C, NPV of Outflows = D, NPV of Inflows = E
1. Financial Analysis using NPV
Net present value of the Cost and Benefits = NPV of Inflows - NPV of Outflows
NPV = $190,800 - $152,125
NPV = $38,675
Conclusion: NPV is positive hence the project should be accepted
2. ROI = The Earnings / Cost of investment made.
ROI = 240,000 / 175,000
ROI = 1.371429
ROI = 137.14%
3. Payback Period
A B C D
Year 1 100000 100000 0 0
Year 2 25000 125000 80000 80000
Year 3 25000 150000 80000 160000
Year 4 25000 175000 80000 240000
Cost of the project = A, Cumulative Cost = B, Benefits = C, Cumulative benefits = D
Here, it is apparent that cost in project is achieved in the Year 3 itself but, $25,000 invested every year, so that cost need to be recovered from the cost. Incremental cost is $25,000 but incremental earning required is Only $175,000 - $160,000 = 15000$.
So, Year 4, $80,000 is earned in 12 months, then $15,000 in how many months, require
So, accordingly 12 * $15,000 / $80,000 = 2.25 Months.
Pay back period is 3 years and 2.25 months
Hence, it is advisable to take up the project.
Farris Company reported the following information for its two products:
Product X Product Y
Selling price per unit
$ 25 $35
Variable cost per unit
15 20
Due to labor constraints, demand for each of the products is greater than its supply. Product X requires one hour of labor to produce and product Y requires three hours of labor to produce. Which of the following statements is true?
Answer: To determine which statement is true, we need to compare the contribution margin per unit of each product. The contribution margin is the amount by which the selling price exceeds the variable cost per unit, and it represents the amount of revenue available to cover fixed costs and contribute to profit.
Explanation: The contribution margin per unit for each product is calculated as follows:Product X: $25 selling price - $15 variable cost = $10 contribution margin per unitProduct Y: $35 selling price - $20 variable cost = $15 contribution margin per unitHowever, since Product Y requires three times as much labor as Product X, we need to consider the contribution margin per hour of labor:Product X: $10 contribution margin / 1 hour of labor = $10 contribution margin per hour of laborProduct Y: $15 contribution margin / 3 hours of labor = $5 contribution margin per hour of laborTherefore, the true statement is that Product X has a higher contribution margin per hour of labor than Product Y. Even though Product Y has a higher total contribution margin per unit, it requires more labor to produce, which reduces its contribution margin per hour of labor. As a result, if there is a labor constraint, it may be more profitable to produce more units of Product X rather than Product Y.
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
8. In the 2011-2012 season, Billy Beane was voted top GM on the American League. What
was his team's record and what was his payroll? What was the New York Yankees record and
what was their payroll?
His team, the Oakland Athletics, finished the regular season with a record of 94-68. Despite having a relatively low payroll compared to other teams in the league. The New York Yankees had a record of 95-67 during the same season, finishing just one game ahead of the Athletics. However, the Yankees had a much higher payroll than the Athletics, with an estimated total of $203 million compared to Oakland's estimated $66 million.
The Athletics were able to succeed due to Beane's strategic use of analytics and statistics to identify undervalued players. Beane's success with the Athletics during the 2011-2012 season highlighted the importance of using data-driven decision-making to build a competitive team, even with a smaller budget.
His approach inspired a new era of analytics in baseball, with many teams now using advanced statistics to evaluate players and make strategic decisions. Overall, Beane's success with the Athletics serves as a testament to the power of innovative thinking and data-driven decision-making in sports and beyond.
For more such questions on payroll
https://brainly.com/question/29792270
#SPJ11
#hi makenzie thomas this is the owner of Brainly we or taking away some of your coins because of the inappropriate language and offensive cheating you have been using
:Thank You
Answer:
girl yk you aint nobodies owner
Explanation:
A truck costs $8,000 with a residual value of $1,000. The truck is expected to have a useful life of 70,000 miles. Assuming the truck is driven 15,000 miles the first year, the depreciation expense would be
Based on the cost of the truck, the residual value, and the useful life, the depreciation expense for the first year would be $1,500.
What is the depreciation expense?This can be found by the formula:
= Miles driven in first year / Useful life x (Cost - residual value)
Solving gives:
= 15,000 / 70,000 x (8,000 - 1,000)
= $1,500
Find out more on depreciation at https://brainly.com/question/1287985.
#SPJ1
A firm has production function y = f(x1, x2) = x 1^1/3 x 2 ^2/3 , where y is the amount of output, x1, x2 are the amount of input 1 and 2 respectively.
(a) Suppose the firms chooses to produce with inputs x1^0 , x2^0 . Calculate the marginal product with respect to input 1 and input 2. (Express them in terms of x1^0 , x2^0 .)
(b) What’s the firm’s technical rate of substitution given input level x1^0 , x2^0 ?
(c) Suppose the prices for input 1 and input 2 are are respectively w1 = 8, w2 = 2. The market price for the output is p = 50. In order to produce a fixed level of output y 0 = 8, what’s the optimal amount of each input that the firm chooses to use for production?
Answer: B
po yata ayan po yata yung sagot ?
Suppose Charles and Dina are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Charles chooses Right and Dina chooses Right, Charles will receive a payoff of 7 and Dina will receive a payoff of 4.
Dina
Left Right
Charles Left 6,3 6,4
Rigt 3,3 7,4
Required:
a. The only dominant strategy in this game is for_______ to choose _____
b. The outcome reflecting the unique Nash equilibrium in this game is as follows: Charles chooses_______ and Dina choose ______
Answer and Explanation:
As per the data given in the question,
a) Dominant strategy is that strategy in which a player chooses strategy irrespective of the strategy which other player has already chosen.
For Charles, If Dina chooses right he will choose right because payoff is higher (6 > 3) but if Dina chooses left he will choose left because payoff is
is higher (7>6) So, he doesn't have any strategy.
For Dina, he will choose right because it gives highest payoff whether Charles choose right or left.
The dominant strategy is for Dina to choose right.
b)
The outcome matching the unique Nash equilibrium in this game is :
Nash equilibrium is that in which both players will chose after keeping in mind the other players' strategy.
Here equilibrium is :
Charles chooses right(while Dina chooses Right) and Dina chooses right (while Janet chooses right).
Explain in two ways how your community can support the 16days of activism
Hosting events and creating social media campaigns are just two ways that your community can support the 16 days of activism campaign. By coming together and taking action, we can create a safer.
The 16 days of activism is a global campaign that aims to raise awareness about gender-based violence and empower individuals to take action against it.
Hosting Events: One way to support the 16 days of activism is by hosting events in your community. These events can range from panel discussions, workshops, film screenings, and rallies.
By hosting these events, you can bring together members of your community to discuss the issue of gender-based violence, share their experiences, and brainstorm ways to address it. Additionally, hosting events can help to raise awareness about the campaign and encourage more people to get involved.
Social Media Campaigns: Another way to support the 16 days of activism is by creating social media campaigns. Social media has become a powerful tool for advocacy, and you can use it to raise awareness about gender-based violence and the 16 days of activism campaign.
You can create posts that highlight the importance of the campaign, share stories of survivors of gender-based violence, and encourage others to take action. By creating social media campaigns, you can reach a wider audience and inspire more people to get involved in the fight against gender-based violence.
For more such questions on campaigns visit:
https://brainly.com/question/30090780
#SPJ11
The persistent rise in the cost of goods and services.
Interest
O Savings Rate
O Deflation
Inflation
Answer:
Inflation
Explanation:
Inflation can be regarded as general rise in the level of price of an economy during particular period of time. As the general price level experience a rise, each unit of currency will only buys fewer goods as well asservices. When there is decline of purchasing power of a particular currency over period of time, then it can be regarded as inflation. It should be noted that inflation is The persistent rise in the cost of goods and services.
<
The members of a team you are leading have very specific responsibilities that do not overlap, Occasionally a team
member is pulled away briefly to handle other company functions, delaying your team's work because that team
member's tasks cannot be completed. Your team members have in the past expressed reservations about being
cross-trained on each other's responsibilities.
What would you do?
Attempt to set more flexible deadlines for your team's projects so that delays can be
accommodated.
Use temporary workers to fill in for team members when they are pulled away to handle other
company functions.
Implement a program to train the team across job responsibilities, indicating that the needs of
the team outweigh team member's reservations,
Explain to your team the benefits for both the group and their own careers of building a diverse
range of job skills.
Work with management to create an incentive program that would promote cross-training
across job responsibilities.
Since the members of the team have specific responsibilities that do not overlap, you have to: Work with management to create an incentive program that would promote cross-training across job responsibilities. Last option.
What is meant by an incentive program?An incentive program is a structured plan designed to encourage or promote certain actions or behaviors by a certain group of individuals over the course of a predetermined amount of time. In instance, incentive programs are utilized in sales to entice and keep customers as well as in business management to inspire personnel.
Programs for rewarding employees are intended to draw in, keep, and develop talent. Rewards and perks are used as incentives to encourage positive workplace habits. They take many different shapes, including paying for college, giving employees extra time off, and giving employers more flexibility.
Hence the last option in the question is the answer to the problem that we have here. You would have to work with the management.
Read more on incentive programs here: https://brainly.com/question/26677410
#SPJ1
Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?
Reggie's medical expense deduction is $7,276.
AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.
Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:
Drugs (prescribed by physicians): $5,701
Marijuana (prescribed by physicians): $1,470
Health insurance premiums-after taxes: $1,280
Doctors' fees: $1,320
Eyeglasses: $445
Over-the-counter drugs: $270
Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.
Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486
Reimbursements: $570
Medical expenses after reimbursements: $10,486 - $570 = $9,916
To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.
Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.
Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.
Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276
Therefore, Reggie's medical expense deduction is $7,276.
Know more about Adjusted gross income here:
https://brainly.com/question/31249839
#SPJ8
Now- a quick question. Assume at the beginning of Year2, Becker Company has a credit (positive) balance in the AOCI account of $10800. Becker Company reports $653000 of net income for Year2. Becker has an unrealized gain of $12000 during Year2. The gain qualifies as OCI (Other comprehensive income). 1. What will Becker report as Accumulated Other Comprehensive Income on the Year2 balance sheet
Answer:
Becker Company
The amount that Becker will report as Accumulated Other Comprehensive Income on the Year 2 balance sheet is:
= $22,800.
Explanation:
a) Data and Calculations:
Year 2 Beginning balance:
Accumulated other comprehensive income (AOCI) = $10,800 credit
Year 2 reported net income = $653,000
Unrealized gain during Year 2 = $12,000
The Accumulated Other Comprehensive Income on the Year 2 balance sheet is:
Beginning balance $10,800
Unrealized gain 12,000
AOCI for Year 2 = $22,800
b) Becker's Accumulated Other Comprehensive Income includes unrealized gains and losses arising from some investments, pension plans, and hedging transactions. These are usually reported in the equity section of the balance sheet and then netted off from the retained earnings.
if the pictures are not the same size when they are selected from a file