During 2018, Raines Umbrella Corp. had sales of $810,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $580,000, $90,000, and $135,000, respectively. In addition, the company had an interest expense of $91,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.) Suppose the company paid out $55,000 in cash dividends. If net capital spending and net working capital was zero, and if no new stock was issued during the year, what is the net new long-term debt

Answers

Answer 1

Answer:

$6,000

Explanation:

The computation of the net new long term debt is as follows:

But before that following calculations to be done:

Sales $810,000

Less: COGS ($580,000)

Less: S&A Expenses ($90,000)

Less: Depreciation ($135,000)

EBIT $5,000

Less: Interest ($91,000)

Taxable Income ($86,000)

Less: Taxes(21%) $0

Net Income(loss) ($86,000)

Now

OCF = EBIT + Depreciation - Taxes

= $5,000 + $135,000 - $0

= $140,000

Change in NWC = Net capital spending = Net new equity = 0

Cash flow from assets = OCF - Change in NWC - Net capital spending

= $140,000 - $0 - $0

= $140,000

Cash flow to stockholders = Dividends - Net New Equity

= $55,000 - $0

= $55,000

Cash flow to creditors = Cash flow from assets - Cash flow to stockholders

= $140,000 - $55,000

= $85,000

Cash flow to creditors = Interest - Net new LTD

$85,000 = $91,000 - Net new LTD

So,

Net new LTD is

= $91,000 - $85,000

= $6,000


Related Questions

how does inflation affect money as store value ?​

Answers

Inflation means that the value of money decreases. ... This means that it is harder to place a value on money, thus it becomes more difficult to use it as a store of value. With a high rate of inflation, the real value of debt erodes. This means that it is effectively easier to pay back the debt.

NEED HELP WILL GIVE BRAINLIEST!!
Francis has recently started an advertising campaign that includes numerous advertisements across various media formats. Since the campaign began,
sales are up 20%. He wants to increase his investment in the advertisements that have been most effective, but he doesn't know which ones to do. What has he failed to include in his advertisement planning?
A. Determining his target audience
B. Planning his advertising budget
C. How to measure advertising effectiveness
D. Knowing what types of media formats are available

Answers

He failed to include in his advertisement planning, knowing what types of media formats are available, hence option (D) is correct

What is an advertisement?

The term advertisement refers that the promotion of a product to people digitally or a sample-based of product it can be under advertisement there are different types of advertisements are being also there as newspapers, and television are the source for the advertisement as well.

By not knowing the right advertisement Francis are not been able to make the sales it wanted to make as for the sales more advertisements are being required and by the advertisement they can make better work and more effectively in it but not knowing the current values in the sales he was not able to work on it.

Therefore, option (D) is correct.

Learn more about advertisements here:

https://brainly.com/question/3163475

#SPJ2

The wide range of different social and ethnic backgrounds of people from varied cultures, genders, sexual orientation, religion, and other unique life perspectives is called

cultural sensitivity
diversity
inclusivity
variety

Answers

Answer:

cultural sensitivity

Explanation:

A

Answer:

Explanation: DIVERSITY

Diversity refers to the condition of having people varying in social and ethnic backgrounds, genders, sexual orientations, etc

14) You are in a virtual one-on-one meeting. How should you conduct yourself in this kind of meeting?

A) Dress casually to make the one-on-one conversation feel more casual.

B) Maximize the amount of time you spend looking directly at the camera

C) focus your gaze on yourself so the other person does not feel uncomfortable

Answers

Answer:

The answer is B) Maximize the amount of time you spend looking directly at the camera.

Explanation:

Looking directly at the camera is important because it simulates eye contact and helps to build trust and connection. It also shows that you are paying attention and engaged in the conversation, while avoiding the impression of being distracted or disinterested.

You’ve just read the article about Macy’s and Nordstrom’s. Why do you think companies like Macy's have to move to an Omnichannel strategy for selling their products?

Answers

The companies like Macy have to move to an Omnichannel strategy for selling their products because in Omnichannel strategy, products are sold through several distribution channels.

What is a distribution channels?

Distribution channel serves as the means by which companies make their products to be available to final consumer.

This channels encompass retailers as well as wholesaler, and in In omni channel, all the distribution channels are linked to each other.

Learn more about distribution channel at;

https://brainly.com/question/25630633

Which of the following typically never has to be repaid?
A) student loan
B) work-study program
C) scholarship
D) private bank loan

Answers

Out of the given options C) scholarship never has to be paid.

A scholarship is a prize or a gift, which do not have to be compensated. Numerous organizations, including employers, individuals, private businesses, nonprofits, communities, religious organisations, and professional and social associations, offer thousands of them.  Scholarships make going to an institution simpler for students by lowering the amount of tuition fees that they must pay.

This provides the benefit of reducing the student's financial load because the student will never have to pay it back. They are frequently given out based on a variety of factors, including academic excellence, diversity and inclusion, athletic prowess, financial need, etc. The requirements for scholarships typically reflect the ideals and objectives of the award's originator or giver as well.

Read more about scholarship on:

https://brainly.com/question/30129338

#SPJ1

Answer: C) scholarship

Explanation: A scholarship is a prize or a grant that does not have to be repaid. Thousands of them are available from a variety of organizations, including employers, individuals, private corporations, nonprofits, communities, religious organizations, and professional and social associations.  Scholarships make it easier for students to attend college by reducing the amount of tuition they must pay. This has the advantage of lessening the student's financial burden because the student will never have to repay it. They are frequently awarded based on a number of criteria, such as academic success, diversity and inclusion, athletic prowess, financial necessity, and so forth. Scholarship conditions frequently reflect the values and goals of the award's creator or presenter.

why banks exist as financial intermediaries.

Answers

Answer:

Banks act as financial intermediaries because they stand between savers and borrowers. Savers place deposits with banks, and then receive interest payments and withdraw money. Borrowers receive loans from banks and repay the loans with interest.

Explanation:

;)

can banks create money?

Answers

Answer:

yes

Explanation:

most of the money in our economy is created by banks in the form of banks deposits - eg the numbers that appear in your account. Banks create new money whenever they make loans

During the taking of its physical inventory on December 31, Barry's Bike Shop incorrectly counted its inventory as $222,138.00 instead of the correct amount of $184,409.00. The effect on the balance sheet and income statement would be:______.
a. assets overstated by $52,094.00; retained earnings understated by $52,094.00; and net income statement understated by $52,094.00.
b. assets overstated by $223,182.00; retained earnings understated by $171,088.00; and no effect on the income statement.
c. assets, retained earnings, and net income all overstated by $52,094.00.
d. assets and retained earnings overstated by $171,088.00; and net income understated by $223,182.00.

Answers

Answer:

c. assets, retained earnings, and net income all overstated by $37,729.

Explanation:

since the ending inventory was overstated by $222,138 - $184,409 = $37,729, it means that cost of goods sold was understated by that same amount. Since COGS were less, that resulted in higher operating income and net income.

Merchandise inventory will be overstated by $37,729 (current asset), while retained earnings will also be overstated by $37,729 since net income increases retained earnings.

1a. Tell me why OJ Simpson was found not guilty of murder in acriminal trial, and why he was found liable in a wrongful deathaction for the deaths of his ex-wife and the pizza delivery guy. Wewill

Answers

OJ Simpson was found not guilty of murder in a criminal trial due to a lack of sufficient evidence to prove beyond a reasonable doubt that he committed the murders of his ex-wife and the pizza delivery guy.

However, he was found liable in a wrongful death action because the burden of proof in a civil trial is lower than in a criminal trial. In the wrongful death action, the plaintiffs only had to prove by a preponderance of the evidence (i.e. more likely than not) that Simpson was responsible for the deaths. The evidence presented in the civil trial was different from that presented in the criminal trial, and the plaintiffs were able to provide enough evidence to show that Simpson was liable for the deaths.

O.J. Simpson was found not guilty of murder in his criminal trial due to the inability of the prosecution to provide sufficient evidence to convince the jury beyond a reasonable doubt. Key factors in the acquittal were inconsistencies in the evidence, potential contamination of the crime scene, and doubts about the credibility of some witnesses.

On the other hand, Simpson was found liable in a wrongful death action because the standard of proof in a civil trial is lower, requiring only a "preponderance of the evidence" to establish liability. In this case, the jury found that it was more likely than not that Simpson caused the deaths of his ex-wife and the pizza delivery guy, resulting in a judgment against him for damages.

Learn more about murder here:-

https://brainly.com/question/30361773

#SPJ11

Explain any two (2) value chain activities that Coca-Cola makes use of.

Answers

Coca-Cola employs marketing and sales activities to create brand awareness and optimize their supply chain and manufacturing process to produce and distribute products efficiently.

Coca-Cola, one of the world's leading beverage companies, employs various value chain activities to produce and distribute its products effectively. Here are two examples of value chain activities that Coca-Cola uses

Marketing and Sales: Coca-Cola invests heavily in marketing and sales activities to create brand awareness and promote its products. They use various channels such as TV commercials, billboards, social media, and sponsorship of events to reach their target customers.

Operations: Coca-Cola has a highly efficient supply chain and manufacturing process that helps them produce and distribute their products efficiently. They have established production facilities in various regions worldwide, allowing them to produce and distribute products locally.

Overall, these value chain activities enable Coca-Cola to produce and distribute its products efficiently while maintaining the quality of its products and building brand loyalty among customers.

Learn more about Coca-Cola here

brainly.com/question/31367333

#SPJ1

1. If the two totals of a trial balance are equal, does it mean that there are no errors in the accounting records? Explain

2. Assume that when a purchase of supplies of $2,650 for cash was recorded, both the debit and the credit were journalized and posted as $2,560. (a) Would this error cause the trial balance to be out of balance? (b) Would the trial balance be out of balance if the $2,650 entry had been journalized correctly but the credit to Cash had been posted as $2,560?

Answers

1. If the two totals of a trial balance are equal, it does not mean that the accounting records are free of errors.

2a) The error of commission cannot cause the trial balance to be out of balance.

2b) If the $2,650 entry had been journalized correctly but the credit to the Cash had been posted as $2,560, the trial balance would not balance because another account was debited with $2,650.

What are the errors that do not affect the trial balance?

The errors that do not affect the trial balance or cause it to be out of balance include:

Errors of principleErrors of original entryErrors of omissionErrors of commissionCompensating errors.

A trial balance will be out of balance if an error is made on one side of the ledger.

Learn more about the trial balance and accounting errors at https://brainly.com/question/25671660

#SPJ1

If you are a debt investor, how do you make money from your investment?

Answers

Explanation:

You trade to make money. Which is done by investing into a trade market

Answer:

Lending money and charging interest

Explanation:

is global economic resistance good or bad?​ why?​

Answers

Answer:

The global economy can be a little frustrating because globalization and the global economy are terms that mean different things to different people. I have found that some people talk about the global economy and what they mean is the opening of markets and trade among nations—so that today you can buy products in a store that have been made everywhere around the world, and people everywhere around the world are buying products that we make.

That didn’t used to be the case, partly because transportation and communication technologies were inadequate and partly because there were a lot more political barriers and even wars going on that prevented people from trading with each other. But in the twentieth century—especially in the late twentieth century—there’s been a large-scale dismantling of political barriers to trade combined with a dramatic increase in communication and transportation technology that has opened up a new global market.

Sales 101 teaches you to: Always just answer the question the customer has Never try to get more information about what the customer needs Always answer a question with another question Never look the customer in the eye

Answers

Answer:

I think it's A) Always just answer the question the customer has.

Explanation:

I know it's not D) "Never look the customer in the eye."

I don't think it's C) "Always answer a question with another question" that just seems like it would be confusing for the customer.

And I don't think it's B) "Never try to get more information about what the customer needs" because part of you're job as a salesman is find out what the customer needs.

So that leaves answer choice A

I need help how I define followership?

Answers

Followership is the capacity and willingness of individuals to work collaboratively with a leader to achieve a common goal or purpose. It involves recognizing and respecting the authority and expertise of the leader, while also contributing one's own skills, knowledge, and ideas to the collective effort. Effective followership requires active engagement, commitment, and a willingness to share responsibility for the success of the group. Followership can take many forms, from providing support and feedback to the leader, to challenging assumptions and proposing alternative strategies. It is a critical component of effective teamwork, as well as of effective leadership, as leaders rely on followers to help implement their vision and achieve their goals.

While this answer may provide you with helpful infromation regarding your assignment, it is important to remember that using it verbatim could be seen as plaigiarism. To avoid this, it is best to cite your own sources, and put everything in your own words.

I hope I helped!

~~~Harsha~~~

The 15-year average return for the S&P 500 from January 1973 to December 2016 (29 separate 15 year periods) was as high as a 20% average annual return and as low as a 3.7% average annual return. Additionally, the average dividend yield for the S&P is 4.11% and the average annual dividend growth rate is 6.11%.

Using this information, please compare the investment in the 5% 15-year corporate bond with a $100,000 investment in a stock with a 3.7% dividend yield (10 percent less than the S&P 500 average yield) and a 3% dividend growth rate (50 percent of the S&P 500 dividend growth rate).

The annual investment returns are as follows:
Year 1 (13.40%) Year 2 (23.37%) Year 3 26.38% Year 4 8.99%
Year 5 3.00% Year 6 13.62% Year 7 3.53% Year 8 (38.49%)
Year 9 23.45% Year 10 12.78% Year 11 0.00 Year 12 13.41%
Year 13 29.60% Year 14 11.39% Year 15 (0.73%)


The bond interest payment of 5 percent is paid annually and not reinvested. To compare accurately with the bond investment, the stock dividend will not be reinvested, but paid annually as well.


Please calculate the value of the stock account at the end of each year and the dividend income from the stock on an annual basis.


Once you have performed the calculations, please let me know if you prefer to invest in a 5% corporate bond for 15 years or the stock and why.


What is the value of the stock after year 2? Year 8? Year 11? When does the annual dividend income of the stock exceed the annual interest income of the bond?

Answers

1. The value of the stock account after Year 2 is $155,401.626.

2. The value of the stock account after Year 8 is $96,110.0674.

3. The value of the stock account after Year 11 is $96,110.0674.

4. The annual dividend income of the stock exceeds the annual interest income of the bond at the end of Year 15.

Bond interest rate: 5%

Stock dividend yield: 3.7% (10% less than S&P 500 average yield)

Stock dividend growth rate: 3% (50% of S&P 500 dividend growth rate)

We'll assume an initial investment of $100,000.

Year 1:

Bond interest income: $100,000 * 0.05 = $5,000

Stock dividend income: $100,000 * 0.037 = $3,700

Value of stock account: $100,000 + ($100,000 * 0.2337) = $123,370

1. Year 2:

Bond interest income: $100,000 * 0.05 = $5,000

Stock dividend income: $100,000 * 0.037 = $3,700

Value of stock account: $123,370 + ($123,370 * 0.2638) = $155,401.626

2. Year 8:

Bond interest income: $100,000 * 0.05 = $5,000

Stock dividend income: $100,000 * 0.037 = $3,700

Value of stock account: $155,401.626 + ($155,401.626 * (-0.3849)) = $96,110.0674

3. Year 11:

Bond interest income: $100,000 * 0.05 = $5,000

Stock dividend income: $100,000 * 0.037 = $3,700

Value of stock account: $96,110.0674 + ($96,110.0674 * 0) = $96,110.0674

4. At the end of Year 15, the dividend income of the stock exceeds the interest income of the bond.

Stock dividend income: $100,000 * 0.037 = $3,700

Bond interest income: $100,000 * 0.05 = $5,000

For such more question on account:

https://brainly.com/question/28326305

#SPJ8

Critique the case: How did Karin originally approach the project? Comment specifically about Karin’s project management skills and approach? 2. While assessing the case, draw a project organigram, identifying the role-players/ stakeholders and whether they were all in original agreement of the project?​

Answers

The project organigram should identify the role-players and stakeholders involved in the project and determine if they were all in original agreement.

Who are the role-players and stakeholders involved in the project?

The project organigram outlines the key individuals and entities involved in the project including project managers, team members, clients, executives and any other relevant stakeholders.

It also highlights their roles, responsibilities, and relationships within the project structure. Assessing whether they were all in original agreement requires examining the project's initiation phase and the documented agreements such as contracts, memorandums of understanding or project charters.

Read more about project organigram

brainly.com/question/31255959

#SPJ1

If storing raw poultry in the same refrigeration until as ready to eat raw foods where should the poultry be placed ?

Answers

If stored in the same refrigerator, raw poultry should be reserved on the bottom the shelf below any organized or ready-to-eat items.

Where does raw poultry be stored?

This stands especially important in warm weather. Raw poultry should be secured in a bowl or on a platter at the bottom of the refrigerator. Your refrigerator temperature should be 38 degrees to 40 degrees F or lower. Store fresh, raw poultry for no more than one to two days.

Ready-to-eat foods exist stored at the top of the fridge, away from raw foods so that dangerous bacteria cannot transfer from the raw food to the cooked food. Raw meat, poultry, and fish in sealed receptacles to contain them from handling or dripping onto other foods.

Hence, If stored in the same refrigerator, raw poultry should be secured on the bottom of the shelf below any scheduled or ready-to-eat items.

To learn more about Raw poultry refer to:

https://brainly.com/question/1238508

#SPJ9

stion 6
yet
vered
Net exports
ked out of
Select one:
O a. decrease as real domestic income increases
lag
stion
O b. are independent of real domestic income
O c. increase as real domestic income increases
O d. are always negative
O e. are always positive

Answers

Yeah b is a he correct answers

Which of the following would appear in the cash flows from investing activities section of the statement of cash flows?
a. Cash received from stock issued
b. Cash received from bonds payable
c. Depreciation expense on equipment
d. Cash paid for equipment

Answers

The correct answer is:

d. Cash paid for equipment

Cash flows from investing activities include transactions related to the acquisition or sale of long-term assets such as property, plant, and equipment. Cash paid for the purchase of equipment would be categorized as an investing activity because it involves the outflow of cash for the acquisition of a long-term asset.

answer the following questions, please ​

answer the following questions, please

Answers

The cost reconciliation indicates a discrepancy, as the total costs assigned exceed the beginning work in process costs. This could be due to additional costs.

How did we arrive at this assertion?

To prepare a production cost report for the Welding Department for the month of February, we need to calculate the following:

1. Equivalent units of production for materials, labor, and overhead.

2. Cost per equivalent unit for materials, labor, and overhead.

3. Total costs assigned to units transferred out and ending work in process.

4. Cost reconciliation.

Let's calculate each of these steps:

Step 1: Equivalent Units of Production

Equivalent units of production are calculated based on the percentage of completion for units in process.

For materials:

Beginning work in process: 15,000 units x 10% complete = 1,500 equivalent units

Units transferred in: 64,000 units

Ending work in process: 25,000 units x 20% complete = 5,000 equivalent units

Total equivalent units for materials: 1,500 + 64,000 + 5,000 = 70,500 equivalent units

For labor and overhead:

Since the given data does not provide the percentage of completion for labor and overhead, we assume it is the same as for materials. Therefore, the equivalent units for labor and overhead will also be 70,500 units.

Step 2: Cost per Equivalent Unit

To calculate the cost per equivalent unit, we divide the total costs by the total equivalent units.

Cost per equivalent unit for materials: $135,000 / 70,500 units = $1.91 per unit

Cost per equivalent unit for labor: $57,000 / 70,500 units = $0.81 per unit

Cost per equivalent unit for overhead: $35,100 / 70,500 units = $0.50 per unit

Step 3: Total Costs Assigned

To calculate the total costs assigned to units transferred out and ending work in process, we multiply the cost per equivalent unit by the equivalent units for each category.

For units transferred out:

Materials: 64,000 units x $1.91 per unit = $122,240

Labor: 64,000 units x $0.81 per unit = $51,840

Overhead: 64,000 units x $0.50 per unit = $32,000

For ending work in process:

Materials: 25,000 units x $1.91 per unit = $47,750

Labor: 25,000 units x $0.81 per unit = $20,250

Overhead: 25,000 units x $0.50 per unit = $12,500

Step 4: Cost Reconciliation

To reconcile the costs, we compare the total costs assigned to units transferred out and ending work in process with the beginning work in process costs.

Beginning work in process costs: $32,175

Total costs assigned to units transferred out: $122,240 + $51,840 + $32,000 = $206,080

Total costs assigned to ending work in process: $47,750 + $20,250 + $12,500 = $80,500

Total costs: $206,080 + $80,500 = $286,580

Since the total costs assigned exceed the beginning work in process costs, there may be some additional costs that need to be investigated or accounted for.

The production cost report for the Welding Department for the month of February is as follows:

------------------------------------------------------------------------

| | Equivalent Units | Cost per Equivalent Unit | Total Costs |

------------------------------------------------------------------------

| Materials | 70,500 | $1.91 | $135,000 |

| Labor | 70,500 | $0.81 | $57,000 |

| Overhead | 70,500 | $0.50 | $35, 100 |

------------------------------------------------------------------------

| Total (Transferred-out) | 64,000 | | $227,240 |

| Ending work in process | 25,000 | | $80,500 |

------------------------------------------------------------------------

| Total Costs $307,740 |

------------------------------------------------------------------------

Note that the cost reconciliation indicates a discrepancy, as the total costs assigned exceed the beginning work in process costs. This could be due to additional costs.

learn more about cost reconciliation: https://brainly.com/question/16342430

#SPJ1

Careers cannot be built from any number of jobs, only a select few. True or false

Answers

Answer:

False

Explanation:

I took a quiz and looked at results.

5. Sarasota Bicycles has been manufacturing its own wheels for its bikes. The company is currently operating at 100% capacity, and variable manufacturing overhead is charged to production at the rate of 30% of direct labor cost. The direct materials and direct labor cost per unit to make the wheels are $3.00 and $3.60 respectively. Normal production is 200,000 wheels per year. A supplier offers to make the wheels at a price of $8 each. If the bicycle company accepts this offer, all variable manufacturing costs will be eliminated, but the $84,000 of fixed manufacturing overhead currently being charged to the wheels will have to be absorbed by other products. Required: a. Prepare an incremental analysis for the decision to make or buy the wheels. b. Should Sarasota Bicycles buy the wheels from the outside supplier

Answers

Answer:

It is better to make the wheels

Explanation:

Sarasota Bicycles

Incremental Analysis

                                            Make             Buy

Direct materials                 $3.00

Direct labor                        $3.60

Variable OH (3.06*30%)    1.08

Total                                   7.68                  8

Normal production  200,000                    200,000

Total Costs                    1536000            1600,000

Fixed Overheads         84,000                 84,000      

Total Costs                   1620,000             1684,000  

As fixed costs are irrelevant costs that would not change whether the company makes or buys wheels and the cost to make the wheels $7.08 is less than the cost to buy $ 8.0. It is better to make the wheels . Buying the wheels from the outside supplier  is costly.

a. Incremental Analysis for making the wheels at Sarasota Bicycles is as follows:

                                       Make              Buy                   Differential

                                  Alternative 1   Alternative 2            Cost

Relevant cost per unit      $7.68              $8.00             $0.32 ($8.00 - $7.68)

Total cost                 $1,536,000    $1,600,000    $64,000 (200,000 x $0.32)

b. Sarasota should not buy the wheels from the outside supplier.  It should continue to make them as it saves $64,000 per year from making the wheels.

Data and Calculations:

Direct materials cost per unit = $3.00

Direct labor cost per unit =        $3.60

Variable manufacturing overhead = $1.08 ($3.60 x 30%)

Total variable cost per unit =  $7.68

Number of wheels per year = 200,000

Outside Supplier's Price = $8 per unit

Thus, Sarasota Bicycles gains $64,000 by making the wheels instead of buying from the outside supplier.

Learn more: https://brainly.com/question/15313511

Waterworld Company leased equipment from Costner Company, beginning on December 31, 2019. The lease term is 4 years and requires equal rental payments of $41,933 at the beginning of each year of the lease, starting on the commencement date (December 31, 2019). The equipment has a fair value at the commencement date of the lease of $150,000, an estimated useful life of 4 years, and no estimated residual value. The appropriate interest rate is 8%.

Required:
Prepare Waterworld's 2016 and 2017 journal entries, assuming Waterworld depreciates similar equipment it owns on a straight-line basis.

Answers

The appropriate journal entries for 2016 and 2017 assuming Waterworld depreciates similar equipment it owns on a straight-line basis are:

Waterworld Company Journal entries

12/31/16

Debit Right-of-Use Asset $150,000  

Credit Lease liability  $150,000

[To record lease liability]

 

12/31/16

Debit Lease liability $41,933

Credit Cash  $41,933

[To record lease payment]

 

12/31/17

Debit Interest expense $8,645.36

[($150,000-$41,933) x 8%]

Debit Lease liability $33,287.64

($41,933-$8,645.36)

Credit Cash  $41,933

[To record interest expense]

12/31/17

Debit Amortization expense $37,500

[$150,000/4 years]  

Credit Right-of-Use asset $37,500

[To record amortization of the right-of-use asset]

Learn more here:https://brainly.com/question/15877633

Divit is single. He purchased a new main home in March of 2019 for $900,000. Divit will be itemizing his deductions. On what portion of the acquisition debt will be deductible on Divit's tax return for 2021?

Answers

Answer:jklv

Explanation:vv

Calculate your month 1 expenses by adding the contents of column 8, your month 1 expenses. What is the total amount?

Calculate your month 1 expenses by adding the contents of column 8, your month 1 expenses. What is the

Answers

The total amount after adding month 1st expenses in the 8th column is 53,900$.

How to find?

Lets add all the values in column 8-

= 2000+3000+3500+3250+4700+5575+6500+7500+8375+9500

= 53,900$

Hence, the total amount is 53,900$.

What are those expenses, exactly?

Wages, salaries, repairs, rent, and depreciation are all examples of expenses. Profits are calculated by subtracting expenses from revenue. To lessen the tax burden and increase profits, businesses are permitted to deduct certain costs from taxes.

What are costs and expenses?

Expenses are ongoing payments, whereas costs are one-time payments. Cost typically appears on the balance sheet, whereas expense appears on the profit and loss statement.

To know more on Expenses visit:

https://brainly.com/question/30659071

#SPJ1

please answer asap! In one to two sentences, explain how the money for a negative tax for low-income earners could be redistributed from high-income earners.

Answers

One way that money for a negative tax for low-income earners could be redistributed from high-income earners is by increasing tax rate on high income earners.

How to fund a negative tax ?

One plausible method to address income inequality is via an increase in tax rates for high-income earners. By doing so, a larger percentage of their revenue would be allocated towards taxes which could then be utilized to finance the negative tax program.

Another potential avenue would involve imposing a wealth tax upon individuals or households based on their net worth. This type of taxation would predominately affect those with significant lifetime acquisition of assets and resources – particularly the wealthiest members of society.

Find out more on negative tax at https://brainly.com/question/31853770

#SPJ1

Al's obtained a discount loan of $78,500 today that requires a repayment of $98,000, 3 years from today. What is the APR

Answers

Answer:

R = 8.2803%

Rounded: 8%

Explanation:

Solving our equation:

r = (1/3)(98000/78500) - 1) = 0.08280255

r = 0.08280255

Converting r (decimal) to R a percentage

R = 0.08280255 * 100

= 8.2803%

Hope this helped! :D

R= 1/3 open bracket ( 98000/98500) -1)
R=0.8280255
0.8280255 x 100

=8.82803%

You charge $500 on each of your two credit cards.
One is American Express with an interest rate of 15.99%.
The other is Chase Sapphire with an interest rate of
20.99%. Assuming that you are only making the minimum
payment of $25 to each of the credit card companies,
which card will you pay off first

Answers

It is advisable to pay off the Chase Sapphire card first to minimize the overall interest paid.

To determine which credit card to pay off first, we need to consider the interest rates and the minimum payment amounts. Let's calculate the interest accrued on each card and compare the total amounts.

For the American Express card with a balance of $500 and an interest rate of 15.99%, the interest accrued per month would be (15.99/100) * (500) = $79.95. With a minimum payment of $25, the remaining balance after the payment would be $500 - $25 = $475.

For the Chase Sapphire card with a balance of $500 and an interest rate of 20.99%, the interest accrued per month would be (20.99/100) * (500) = $104.95. After making the minimum payment of $25, the remaining balance would be $500 - $25 = $475.

Comparing the two cards, we see that the interest accrued on the Chase Sapphire card is higher ($104.95) compared to the American Express card ($79.95). Therefore, it is advisable to pay off the Chase Sapphire card first to minimize the overall interest paid.

For more such questions on interest

https://brainly.com/question/30500391

#SPJ8

Other Questions
What is the double-stranded nucleic acid? Hey everybody! Not a super hard question here! Anybody think they can help me out?Identify the correct domain and range. Question 06: Describe the evolution of job design and how organizational structure influences job design. Answer: whats the sqaure root of 987 I will give extra points pleasseeeee helpppp f per capita gdp in 2019 was $1,000 and in 2020 it was $1,200, the growth rate of per capita gdp was How you would describe the coming together of Europe, the Americas, and Africa? Was it a discovery, a conquest, a process of creating new worlds, or something else entirely? Was it a little of everything? Please help! A, B, C, or D. What are the coordinates of the image of point A after the segment has been dilated by a scale factor of 1/4 with a center of dilation at the origin. Human resources practices are considered ethical if they result in the greatest good for the greatest number, they respect basic human rights, and ______. Use a power of ten to estimate the product.104 x 56.3795,824O 563.79O 5,637.9O 5,928 Please answer quick thanks PLSSSSSSSSSSSSSSSS HELP I WILL MARK YOU BRAINLYEST Seth's family plans to drive 220 miles to their vacation spot they would like to compare the drive in 4 hours It is a process where genes are inserted into the genome of a different organism. a resembles a group of computers in which data flows in only one direction from one device to the next. What are the factors of x2-144 9+(-4)+(9)+4+8 with additive inverse the racquet store (rs) sells franchise agreements in which it charges an up-front fee of $50,000 for assistance in setting up a store, and then a monthly fee of $1,000 for national advertising and administrative assistance. steffi hingis signs a franchise agreement with rs. assume that steffi signed a $50,000 installment note when she signed the franchise agreement. rs has no experience estimating uncollectible accounts associated with these sorts of notes. rs can recognize: A restaurant sells burgers and fries. If two burgersand one order of fries cost $5.10, and one burgerand two orders of fries cost $4.80. how much isone burger and one order of fries? find the value of x