In 2019, Elaine paid $2,960 of tuition and $1,040 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband. What is the maximum American opportunity tax credit that Elaine can claim for the tuition payment and books in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.) rev: 02_29_2020_QC_CS-202942 a. Elaine’s AGI is $103,250.

Answers

Answer 1

Answer:

$2,500

Explanation:

Elaine can deduct the first $2,000 and then [($4,000 - $2,000) x 25%] = $2,500 (maximum available deduction). Since Elaine files her taxes with her husband and their combined AGI is less than $160,000, then she can claim the full annual credit. The AOTC starts to phase out when the combined AGI is higher than $160,000 and phases out completed when it reaches $180,000.


Related Questions

Do you think being charitable can be taught?

Answers

Answer:

Yes, I feel like anyone can be taught what charitable means and what it is. Its all about helping..and anyone could learn that without being taught

Explanation:

Income Statement Project
2018 2019 2020
Revenue:
Book Sales
Ticket Sales
Total Revenue:
Expenses:
Salary
Depreciation
Supplies
Rent Insurance
Total Expense:
Net Income/Loss:
Directions: Build an income statement using the steps provided below.
1) The book store received $50,000 in book sales for 2018, with a 20% increase in revenue each year.
2) Jack's book store received $15,000 each year in ticket sales to book signing events.
3) Find the Total Revenue each year for 2018-2020 using cell referencing.
4) Jack's book store paid $16,000 in employee salaries in 2018. Each year his employee salary cost increased by 25%.
*5) Jack purchased store furniture for $25,000 that is expected to be used over the next 5 years.
6) Jack bought $3,000 in supplies in 2018 and supplies costing $1,000 were used up each year.
'7) Jack signed a contract to pay $800/month for rent between 2018-2020.
8) Jack's book store pays $500 each month to cover insurance.
9) Find the Total Expense each year for 2018-2020 using the SUM function.
10) Find the Net Income/Loss using cell referencing.

Answers

Answer:

Jack's Bookstore

Income Statement Projection:

                                    2018          2019         2020

Revenue:

Book Sales               $50,000    $60,000    $72,000

Ticket Sales                 15,000       15,000       15,000

Total Revenue:        $65,000    $75,000     $87,000

Expenses:

Salary                       $16,000     $20,000    $25,000

Depreciation               5,000          5,000         5,000

Supplies                       1,000           1,000          1,000

Rent                            9,600          9,600         9,600

Insurance                   6,000          6,000         6,000

Total Expense:      $37,600       $41,600    $46,600

Net Income/Loss: $27,400       $33,400    $40,400

Explanation:

a) Data and Calculations:

Book Sales for 2019  = $60,000 ($50,000 * 1.20)

Book Sales for 2020 = $72,000 ($60,000 * 1.20)

Salaries for 2019 = $20,000 ($16,000 * 1.25)

Salaries for 2020 = $25,000 ($20,000 * 1.25)

Depreciation expense per year = $5,000 ($25,000/5) using the straight-line method

Supplies Expense per year = $1,000 ($3,000/3)

Rent Expense per year = $9,600 ($800 * 12)

Insurance Expense per year = $6,000 ($500 * 12)

who the stakeholders

Jennie was recently hired to work as a receptionist for the front lobby. As
receptionist, she is responsible for making copies for the associates. Her son, Bruce,
comes in and needs some copies for a school project. He brought his own paper and
needs 300 copies for his class. If he doesn’t bring the copies with him, he will fail the
project. The company copier does not require a security key nor do they keep track of copies made by departments.

Answers

Answer:

The stakeholders in this scenario are:

Jennie - the receptionist who is responsible for making copies and may face consequences if the copier is misused or if there is a shortage of paper.

Bruce - the son who needs the copies for his school project and may face consequences if he fails the project.

Associates - the employees who also need to use the copier and may face inconvenience or a shortage of resources if too many copies are made.

Company - the organization that owns the copier and may face additional expenses if too much paper or ink is used, or if the copier breaks down due to overuse.

Explanation:

The selling price per box for Cynthia's Cookies is $20.43. Fixed costs are $60,000 and the variable cost per box is $10.01.


1. What is the break-even quantity?


2. If sales last year were 9,000 boxes, what was the net profit?

Answers

Based on the costs and selling price, the following are true:

1. Breakeven quantity is 5,759 boxes. 2. Net profit is $33,780

The Breakeven quantity

This can be found by the formula:

= Fixed costs / ( Selling price - Variable costs)

= 60,000 / (20.43 - 10.01)

= 5,759 boxes

The Net Profit from 9,000 boxes

= ((Selling price - Variable cost) x Volume ) - Fixed cost

= ( ( 20.43 - 10.01) x 9,000) - 60,000

= $33,780

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Suppose the market demand for cigarettes is given in the following table.

price (per pack) Quantity of demanded (millions of packs per year)
$10 2
9 4
8 6
7 8
6 10
5 12
4 14
3 16
Suppose further that smoking creates external costs valued at $2.00 per pack. Graph the market demand curve, the social demand curve, and answer two questions about the market and socially optimal quantities.

Graph the social and market demand curves.

If cigarettes are priced at $7 a pack,

Instructions: Enter your responses as whole numbers.

a. What is the quantity demanded in the market?

___ million packs per year

b. What is the socially optimal quantity?

____ million packs per year

c. If the government were to intervene and tax cigarettes, how large of a tax is needed per pack to achieve this optimal outcome?

$ ____per pack

Answers

If I did know the answer I would tell you but I don’t know so good luck to you

Which of the following statements are false?
a. Revenue provides only outward flows of cash.
b. Revenue is a subdivision of Assets.
c. Revenue provides an inward flow of cash or accounts receivable.
d. Expenses are part of Total Assets.

Answers

Answer:

a. Revenue provides only outward flows of cash.

b. Revenue is a subdivision of Assets.

d. Expenses are part of Total Assets.

Explanation:

Revenue is the income a business receives from its regular trading activities. It is the money realized from the sale of goods and services to customers. A company may have different sources of revenue such as interests received, sales, or disposal of assets.

Revenue is cash coming to the business or cash inflows.  cash outflows is money leaving the company. Expenses are an example of cash outflows.

Suppose your boss has asked you to write a letter to a client about a problem with their order. What format of writing would you use, and what kind of style would you use to write? Justify your response. :) please answer soon <3

Answers

Explanation:

If it is a letter written are put the adrees date and are put if it my boss are say dear boss

ture tions ACTIVITY 2 Consider the department that you work in. Write down the learning materials that you use regularly (for instance, this could include policy documents and guidelines and instruction manuals). Discuss how these materials are managed and who is responsible for this management?​

Answers

Our learning materials are managed by relevant departments or teams responsible for their creation, updates, and dissemination, often overseen by training and development or knowledge management departments.

What are learning materials?

Instructional material, also known as teaching/learning materials, is any collection of things, including animate and inanimate objects, as well as human and non-human resources, that a teacher might utilize in teaching and learning scenarios to assist students accomplish their learning goals.

The goal and significance of teaching and learning materials is to make classes more engaging, learning easier, and to allow teachers to explain concepts more simply. Learning tools that promote learning can dramatically boost learners' success.

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Future Cost: If one year of college currently costs $25,000, how much will it cost Grand Rapids, Michigan's resident Michelle Spindle to pay for one year of schooling for newborn daughter, Melissa, 18 years from now, assuming a 5 percent annual rate of inflation? Use Appendix A-1 or the Garman/Forgue companion website

Answers

With current rates of 25,000 dollars, Michelle Spindle will have to pay 52,360 dollars in fees for her daughter Melissa when she is 18 years old, assuming a 5 percent yearly rate of inflation.

Hence, answer is 52,360$

How to find?

Current fees= 25,000$

Annual Rate of inflation= 18%

So, by this per year increase would be = 25,000*18/100= 1250$.

After 18 years , the amount would be = 1250*18= 27,360

If, we add the current fees, then total amount would be= 25,000+ 27,360= 52,360$.

What is inflation, and what is an example?

The gradual rise in the cost of goods and services over time is known as inflation. It causes money (like the U.S. Dollar) to lose value, which has negative effects including raising the cost of living.

Consider how much a sweets bar cost when you were a young child. Consider how much the same sweets bar would cost now.

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Objectives of pep stores

Answers

Answer:

The answer is below

Explanation:

PEP is a big store that is located in South Africa and other African countries.

Based on the PEP mission and vision and according to the company's website, the Objectives of PEP stores are:

1. To be the friendliest and most trusted retailer for this market.

2. To offer wanted products and services at the lowest possible prices

3. To meet changing consumer needs.

A regular checking account commonly earns interest true or false

Answers

Answer: False

Explanation: Traditionally, checking accounts are not interest-bearing accounts as savings accounts are, as they're designed for short-term cash that you'll spend soon. Savings accounts are better-known for earning interest, but these accounts ordinarily limit how often you can make certain withdrawals from the account.

Hope this helps! Brainlist?

Identify at least five different careers within the Business, Management, and Administration and Finance career clusters that you could pursue in your home state, and choose the three that appeal to you the most. Of the three, write a one-page essay describing which one would be your career choice and the educational pathway that you would have to follow in order to obtain that career. Finally, identify at least three colleges, universities, or training programs that are suited to that career choice. You can use the following resources to help you

Answers

Answer:

Five careers within the Business, Management, and Administration or Finance clusters that would be interesting to me are treasurer, underwriter, debt counselor, corporate trainer, and public relations specialist. Of those careers, the three that I think would be best suited to my skills and interests are underwriter, corporate trainer, and public relations specialist.

As a public relations specialist, I would work to create positive relationships with the media, community leaders, special interest groups, and others to help boost the image of the company for which I work. I would write press releases, speeches, and other documents as the liaison to the media. As such, it would be important for me to have excellent writing, time management, public speaking, and interpersonal skills. Because the median salary is $55,680 with an average increase in employment from 2012–2022, it could be a great starting-off point that would allow me to get into the field of public relations.

To become a public relations specialist, I would need to start by getting a bachelor’s degree in public relations. Three schools that I would consider attending to get my degree are the University of Southern California–Los Angeles, University of Texas–Austin, and the University of Tennessee. Each of these schools has established programs that offer hands-on experience in the public relations field. They also offer master’s programs in communications, so I could work toward a master’s degree, as well.

Explanation:

Answer:

Of all the jobs within the Agriculture, Food, and Natural Resources and Energy clusters, I think that the following would be the most interesting for me: seismic technician, food scientist, nursery manager, weatherization manager, and zoologist. Of these career options, I think zoologist, food scientist, and nursery manager are the ones that I would consider pursuing. I would truly enjoy being a nursery manager.

I’ve always considered myself to be someone with a “green thumb.” I enjoy gardening, so I think I would love to make a career out of working in a greenhouse with various plants. I would need to learn about the various plants in the nursery: how to care for them, how to identify when they have a disease or pest, and how to treat problems that arise. As the manager, I would also need to supervise the people working in the nursery.

Some of the skills that will help me find success as a nursery manager are creativity and excellent communication, teamwork, leadership, and problem-solving skills. I would also need to complete on-the-job training and an apprenticeship. I think it would be great to get a job working in a nursery while in high school, so I can start training while I’m still in school. It would give me an opportunity to learn from someone with experience in the field.

Although many nursery-related careers require only a certification or on-the-job training, a manager can benefit from getting a bachelor’s degree in horticulture science. Some of the best programs for horticulture science are through Washington State University, University of Florida, or Cornell University. After completing the program, I would hope to open my own nursery where I could sell plants to homeowners, landscapers, or commercial industries.

Explanation:

Felipe has just been assigned a big project by his manager. His manager told him to create a poster to be displayed throughout their organization about how to properly wash hands. Felipe is excited about this project, but he is worried he won’t correctly deliver exactly what his manager is looking for. What are four ways he can clarify his manager’s instructions so he can best understand their expectations?

Answers

Never be reluctant to seek assistance.Always strive for goal clarity.Set up distinct boundaries for autonomy.Strive to establish rapport.Who is a manager?

A manager is a person in charge of organizing the work of others or the distribution of resources within an organization. As a result, a manager is someone who performs managerial tasks.

According to the conventional definition, a manager is only one who is responsible for supervising people's activities. Simply put, managers supervise others' efforts to accomplish goals.

In the modern workforce, managers may be in control of particular systems or tasks that don't require human interaction. The structural concept of an organization as a pyramid gave rise to the managerial job.

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lead a particular function or a subunit within a function. *
General Manager
Functional Manager
Front-Line Manager
ОСЕО

Answers

Answer:

Functional managers are accountable to manage people with specific skills and different resources within a department or section to meet functional objectives as well as corporate objectives. ... Sometimes, both functional managers and project managers have to work together to share resources and experience.

Explanation:function manager

Elmer received the following distributions from Virginiana Mutual Fund for the calendar year 2022 : - Ordinary dividends $695 - Capital gain distributions $315 - Nontaxable distributions $680 Elsie, Elmer's wife, did not own any of the Virginiana Mutual Fund shares, but she did receive $867 in dividends from Vanguard Investments and $298 in interest on California Municipal Bonds. Elmer and Elsie filed a joint income tax return for 2022 What amount is reportable as taxable dividend income?

Answers

$1,197 is the amount of reportable taxable dividend income for Elmer and Elsie on their joint income tax return for 2022.

What is taxable dividend?

A taxable dividend is a portion of a company's profits that is paid out to its shareholders and is subject to taxation by the government. When a company pays a dividend, it distributes a portion of its after-tax earnings to its shareholders, and those shareholders are required to report the dividend as taxable income on their personal tax returns. The tax rate for dividends can vary depending on the recipient's income level and other factors, but generally, they are taxed at a lower rate than ordinary income.

To determine the taxable dividend income for Elmer and Elsie, we need to first add up their total dividend income and then subtract any non-taxable distributions.

Elmer's taxable dividend income is:

Ordinary dividends: $695Capital gain distributions: $315

Total taxable dividend income for Elmer = $695 + $315 = $1,010

Elsie's taxable dividend income is:

Dividends from Vanguard Investments: $867

Total taxable dividend income for Elsie = $867

Now, we add up the total taxable dividend income for Elmer and Elsie:

$1,010 (Elmer's taxable dividend income) + $867 (Elsie's taxable dividend income) = $1,877

Finally, we need to subtract any non-taxable distributions:

Nontaxable distributions from Virginiana Mutual Fund: $680

Taxable dividend income for Elmer and Elsie = $1,877 - $680 = $1,197

Therefore, $1,197 is the amount of reportable taxable dividend income for Elmer and Elsie on their joint income tax return for 2022.

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interference from differences in personality or status is called​

Answers

The interference of personality or status differences is called personality traits, that is, a way developed by psychologists to organize different personalities according to certain dimensions.

The Big Five Personality Traits

This is one of the most accepted approaches today, which divides the personality into the following traits:

Opening Conscientiousness Extroversion Agreeableness Neuroticism

Each of the traits encompasses different personality facets that help identify which one individual has more or less of compared to another individual.

Therefore, today's organizations need to understand the personality traits of their employees through testing and analysis, to better understand the motivation of each individual and create an organizational culture based on diversity and development.

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An electronic magazine organized like a print publication, but distributed via a website, that may contain product reviews and comparisons is called ____.

Answers

Answer:

ezine.

Explanation:

This description refers to an ezine, which is an electronic magazine that is periodically made available on the internet, often free of charge, whose content addresses a certain topic.

Its characteristics include publishing and dissemination online, usually through websites, and can address several different subjects, such as computers, music and may even have a subject dedicated to commercial businesses, such as advertising ezines.

Accounts receivable $ 18,000 Long-term notes payable $ 21,000 Accounts payable 11,000 Office supplies 2,800 Buildings 45,000 Prepaid insurance 3,560 Cash 7,000 Unearned services revenue 3,000 Compute Chavez Company's current ratio using the above information.

Answers

Answer: 2.24

Explanation:

Current ratio = Current Assets / Current liabilities

Current assets = Accounts receivable + Office supplies + Prepaid insurance + Cash

= 18,000 + 2,800 + 3,560 + 7,000

= $31,360

Current liabilities:

= Accounts payable + Unearned service revenue

= 11,000 + 3,000

= $14,000

Current ratio = 31,360 / 14,000

= 2.24

[The following information applies to the questions displayed below.]

Following are the transactions of a new company called Pose-for-Pics.


August 1 M. Harris, the owner, invested $9,000 cash and $38,700 of photography equipment in the company.
August 2 The company paid $2,300 cash for an insurance policy covering the next 24 months.
August 5 The company purchased supplies for $1,710 cash.
August 20 The company received $2,650 cash from taking photos for customers.
August 31 The company paid $870 cash for August utilities.
Analyze each transaction above by showing its effects on the accounting equation—specifically, identify the accounts and amounts (including + or −) for each transaction. Use the following partial chart of accounts: Cash; Supplies; Prepaid Insurance; Equipment; M. Harris, Capital; Services Revenue; and Utilities Expense.

Answers

Answer:

Pose-for-Pics

Effects on the accounting equation:

            Assets                                                 = Liabilities + Equity

Aug 1   Cash +$9,000 Equipment +$38,700 =  M. Harris, Capital +$47,700

Aug 2  Cash  -$2,300 Prepaid Insurance +$2,300

Aug 5  Cash    -$1,710 Supplies +$1,710

Aug 20 Cash +$2,650                                        = Revenue +$2,650

Aug 31  Cash  -$870                                            = Utilities Expense -870

Total assets   $49,480                                        = Total equity $49,480                                                                                    

Explanation:

a) Data and Analysis based on the accounting equation:

August 1 Cash $9,000 Equipment $38,700 M. Harris, Capital $47,700

August 2 Prepaid Insurance $2,300 Cash ($2,300)

August 5 Supplies $1,710 Cash ($1,710)  

August 20 Cash $2,650 Service Revenue $2,650

August 31 Utilities ($870) Cash ($870)

"Aria Perfume, Inc., sold 3,210 boxes of white musk soap during January of 2021 at the price of $90 per box. The company offers a full refund to unsatisfied customers for any product returned within 30 days from the date of purchase. Based on historical experience, Aria expects that 3% of sales will be returned. How many performance obligations are there in each sale of a box of soap? How much revenue should Aria recognize in January?"

Answers

Answer:

The amount of revenue recognize in January is $280,233.

Explanation:

Sales price = Number of boxes sold * Selling price per box

= 3,210 boxes * $90

= $288,900

Sales return = Sales price * % of sales return

= $288,900 * 3%

= $8,667

Revenue recognized in January = Sales price - Sales return

= $288,900 - $8,667

= $280,233

Hence, the amount of revenue recognize in January is $280,233.

What accounting book is used to capture changes to the trial balance

Answers

The accounting book used to capture changes to the trial balance is the general Journal.

The general journal is a chronological record of all financial transactions that affect account balances, including adjustments and corrections. It is where entries are first recorded before being posted to the appropriate accounts in the general ledger.

Journal entry refers to the process of entering business transactions in a journal called a Journal, which is then used to prepare the company's financial statements. The journal data will be extracted in order to create a ledger report.

The general journal assists in maintaining an accurate and full record of all modifications made to the trial balance, assuring the accounting system's integrity.

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Some of the forklifts we use in the distribution centers will have to be replaced in the second quarter of the 2023 financial year, and we have to start thinking about it soon! We always purchased the forklifts outright from available cash resources or funded them by borrowing the required funding from the bank. We have recently learnt that many companies choose to lease their forklifts. These forklifts normally last a good ten years if we take good care of them. Prepare some relevant information that needs to be considered in a decision to lease or purchase?


Report on the following:


● Different options in the market


● Accounting treatment of the options


● Tax implications of the options


● Cost differentials and


● Cash flow implications


What would the correct decision be for the company.

Answers

Different options in the market:

The distribution center has two options when it comes to replacing its forklifts – leasing or purchasing. With leasing, the center would use the forklifts for a specified period, usually a few years, and then return them to the leasing company. On the other hand, purchasing the forklifts will give the center permanent ownership of the forklifts.

Accounting treatment of the options:

Leasing forklifts is treated as an operating expense that is reflected in the income statement. The lease payments are recorded as expenses over the life of the lease. However, purchased forklifts are treated as a fixed asset that is depreciated over their useful life. The depreciation expense is recognized over several accounting periods on the income statement.

Tax implications of the options:

Leasing forklifts can provide significant tax savings for the business as the lease payments are fully tax-deductible expenses in the financial year they are made. In contrast, depreciation and interest expense for purchased forklifts are deductible over several years, so tax deductions are delayed.

Cost differentials and cash flow implications:

Leasing forklifts would result in lower upfront costs and lower monthly payments compared to purchasing, but the total cost of leasing is typically higher over the long term. In contrast, purchasing requires a substantial upfront payment or a loan, but the total cost is lower over the long term. Cash flow implications of purchasing include funding the entire upfront cost of the forklifts and paying for any maintenance and repairs needed over the lifetime of the forklifts, while cash flow implications of leasing include lower upfront costs but higher monthly payments, which will reduce available cash flow in the short term.

What would the correct decision be for the company:

The company should decide based on its financial situation, long-term business planning, and cash flow requirements. If the company has a limited budget, a short-term need for the forklifts, or requires the latest models frequently, leasing may be a better option. But if the company values ownership, anticipates long-term use or higher utilization, and has the cash resources or access to financing, purchasing may be the more cost-effective option. The decision should consider the financial implications, tax considerations, and cash flow requirements of either option.

Match the methods to monitor on-floor selling activity and sales effectiveness to the scenario that portrays them.

Answers

Monitoring on-floor selling activity and sales effectiveness can be done through various methods that help retailers make informed decisions about their store's performance.

Here are some methods for monitoring on-floor selling activity and sales effectiveness:1. Mystery shoppingThis is where retailers hire a third-party to pose as a customer and visit the store to evaluate the level of service and sales effectiveness. Mystery shoppers can be used to evaluate different areas of the store, such as customer service, product knowledge, and sales techniques. The results can be used to identify areas of weakness and opportunities for improvement.2. Point of sale data analysisThis involves analyzing sales data collected at the checkout. This method can provide insights into sales trends, popular products, and the effectiveness of promotions and sales strategies. Retailers can use this data to make informed decisions about their store's inventory and pricing.3. In-store camerasInstalling cameras on the sales floor can help retailers monitor customer behavior, such as how long they spend in a particular area and which products they are looking at. Retailers can use this information to improve store layout and product placement.4. Customer feedback forms Retailers can use feedback forms to gather information about customers' experiences in the store.

This can include questions about the level of service, product availability, and overall satisfaction. Retailers can use this information to identify areas of improvement and make changes to the store's operations.5. Sales tracking softwareRetailers can use sales tracking software to monitor sales performance and set sales goals. This software can provide real-time updates on sales data and identify areas of strength and weakness. Retailers can use this information to make informed decisions about their store's operations and sales strategies.In conclusion, retailers can use different methods to monitor on-floor selling activity and sales effectiveness. These methods include mystery shopping, point of sale data analysis, in-store cameras, customer feedback forms, and sales tracking software. The choice of method will depend on the retailer's goals and the specific areas they want to evaluate.

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Super Carpeting Inc. (SCI) just paid a dividend (Do) of $1.68 per share, and its annual dividend is
expected to grow at a constant rate (9) of 3.50% per year. If the required return (rs) on SCI's stock is
8.75%, then the intrinsic value of SCI's shares. .............................
per share.
Which of the following statements is true about the constant growth model?
с
The constant growth model can be used if a stock's expected constant growth rate is less than its
required return.
C
The constant growth model can be used if a stock's expected constant growth rate is more than
its required return.
Use the constant growth model to calculate the appropriate values to complete the following
statements about Super Carpeting Inc.:
• If SCI's stock is in equilibrium, the current expected dividend yield on the stock will
be..................per share.
• SCI's expected stock price one year from today will be........
...per share.
. If SCI's stock is in equilibrium, the current expected capital gains yield on SCI's stock will
be.............
....per share.

Answers

The constant growth model can be used if a stock's expected constant growth rate is less than its required return. So, the correct answer is option a.

Dividends (D1) For next period = D1 (1 + g)

= 1.65 x(1.035)

= 1.7388

P0 = (Div1 )/(r - g)

= 1.7388

= .0875- .35

= $33.12 per share

Div 1 = Dividend for next period

r = required rate of return

g = growth rate of dividend

A dividend is the payment of business profits to qualified shareholders.

The board of directors of an organisation decides on dividend distributions and quantities.

When expressed as a percentage of a company's stock price, the dividend yield is the dividend paid out per share.

Many businesses save their profits to reinvest in the business rather than paying dividends.

Shareholders with voting rights must approve dividends. Although they are less prevalent, dividends can also be distributed as stock shares.

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if a start up business owner invests $25,000 cash and then borrows $15,000 from a bank, the owner's equity would be

Answers

The owner's equity would be $10,000

What is owner's equity?

Owners Equity is the residual interest that represents the portion remained to the investors such as partners and shareholders.

This is computed by deducting liabilities from the asset account, which includes capital accounts and retained earnings.

Using the accounting equation,

Assets = Liabilities + Equity

$25,000 = $15,000 + Equity

Equity = $25,000 - $15,000

Equity = $10,000

Therefore, owner's equity would be $10,000

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Some of the most important income determinants include ___. (check all that apply)

Answers

Some of the income determinants that are considered to be the most important include:

Education/skillsCareer fieldLocation Motivations, work ethic, quality of workDifficulty of jobAvailability to work “on-call”

What are income determinants ?

Education level, economic trends, and skills are a few of the variables that affect a person's income level. Depending on your educational background, your level of education might increase your access to opportunities within a certain industry and have a big impact on your future income.

For instance, investing time and money to get a post-secondary degree increases one's lifetime earning potential. On the other hand, because they control the flow of money in an economy, economic patterns like trading activity performance have an impact on people's income.

Since firms pay employees at different levels in the organizational structure varying compensation, an individual's income level ultimately depends on their skills. The difficulty of a job and the availability of one to work " on -call " also matter.

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Education/skillsCareer fieldAgeLocationMotivations, work ethic, quality of workDifficulty of jobRace/genderAvailability to work “on-call”Color shirt they wear

Can anyone please write a summery of everything that happened in the Great depression?

Answers

The price of everything in the stock market lost its value, everyone went to the bank to withdraw their money but there wasn’t enough money in the bank so people lost all their savings, and after president hoovers term ended president roosevelt became president to help the banks get back and order and helped americans trust the banks again to store their money in again. (pls mark brainliest)

Which of the following best explains what a futures contract is?
a. a contract preventing the future sale or exchange of a particular good
b. a contract limiting the future liability of one set of partners if a business fails
c. a contract setting the price for the exchange of two foreign currencies
d. a contract setting the price and date for a commodity purchase

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Answer:

d. a contract setting the price and date for a commodity purchase

Splish Brothers Inc. sold its accounts receivable of $70,300. What entry should Splish Brothers make, given a service charge of 4% on the amount of receivables sold?

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Please help me! This is due tomorrow and I really need some help! Thank you.

In a document, numerals are typically preferred over bullets unless the sequence of the items in a series is critical.

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TRUE, in a document, numerals are typically preferred over bullets unless the sequence of the items in a series is critical.

An instance of document is the united states charter. A written or printed paper that bears the authentic, reliable, or felony shape of some thing and may be used to provide decisive proof or statistics. To file in files.

A report is a written, drawn, provided, or memorialized illustration of thought, frequently the manifestation of non-fictional, in addition to fictional, content material. The word originates from the Latin Documentum, which denotes a "teaching" or "lesson": the verb doceō denotes "to educate".

A record is a file of a few records that may be used as an expert or for reference, similarly analyses or take a look at.

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