William is a single writer (age 35) who recently decided that he needs to save more for retirement. His 2019 AGI before the IRA contribution deduction is $66,000 (all earned income). (Leave no answer blank. Enter zero if applicable.)If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2018?

Answer:The answer is (a) The selling company has the right to payment for the good or service

Explanation:

The contract for the sale of goods can be defined as an agreement between the buyer and the seller in which the seller agree to sell the goods to the buyer in exchange for value known as money..in sale of goods contract, there are two terms that goes to the fundamental of the contract for the sale of goods which are sale and agreement to sale.

Sale can be defined as the situation whereby the seller has agree to sell the goods to the buyer in exchange for value known as money and the buyer has actually made payment for the goods. In this case the ownership of the goods has passed from the seller to the buyer. On the other hand, agreement to sale is when the seller has agreed to sell the goods to the buyer in exchange for money but the buyer has not actually made payment, in this case the ownership of the goods still reside with the seller of the goods.

The ownership of the goods however will be passed to the buyer at a future date or at a time in which the conditions that goes with the contract between the buyer and the seller has been fulfilled. The basis of the contract for the sale of goods is the ownership of the goods bought by the buyer from the seller. In the contract the seller has the legal right to sue the buyer for the price when the ownership of the goods passes to the buyer.

Answer

The answer and procedures of the exercise are attached in a the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Answer:

The depreciation expense for 2018: c. $25,375

Explanation:

Grover Corporation uses the units-of-production depreciation method. Depreciation expense is calculated  by the following formula:

Depreciation Expense = [(Cost of asset − Salvage Value )/Life in Number of Units

] x Number of Units Produced = Depreciation Expense per unit x Number of Units Produced

In the company,

Depreciation Expense per mile = ($109,200-$4,200)/120,000=  $0.875

The truck was driven 29,000 miles in 2018, so the depreciation expense for  2018: $0.875 x 29,000 = $25,375

Answer:

59 orders

Explanation:

For computing the how many rolls should order at a time, first we have to determine the economic order quantity which is shown below:

The computation of the economic order quantity is shown below:

= [tex]\sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}[/tex]

where,

Carrying cost = $875 × 20% = $175

And, other items values would remain the same

ow put these values to the above formula

So, the value would be equal to

= [tex]\sqrt{\frac{2\times \text{3,000}\times \text{\$75}}{\text{\$175}}}[/tex]

= 50.71 units

Now The number of orders would be equal to

= Annual demand ÷ economic order quantity

= $3,000 ÷ 50.71 units

= 59 orders

Using the Economic Order Quantity (EOQ) formula, it's determined that Yellow Press should order approximately 51 rolls at a time to minimize costs.

Explanation:

To determine how many rolls Yellow Press should order at a time, we apply the Economic Order Quantity (EOQ) model. The EOQ formula is given as:

EOQ = √(2DS)/H}

where:

D is the annual demand (in this case, 3,000 rolls),

S is the cost per order (in this case, $75),

H is the annual holding cost per unit (which is 20% of the cost per roll, so 0.20 x $875 = $175).

Plugging the numbers into the EOQ formula, we get:

EOQ =√{(2 × 3000 rolls × $75) / $175}

EOQ = √{(450,000) / $175}

EOQ = √{2,571.43}

EOQ ≈ 50.71 rolls

Since Yellow Press cannot order a fraction of a roll, it should order 51 rolls at a time to minimize the combined costs of ordering and holding inventory.

Answer:

8.62%

Explanation:

Weighted average cost of capital  is WACC.

First, find the market values of equity and debt

Market value of equity = 10,000*35 = 350,000

Market values of Debt =  250,000

WACC formula is ;

WACC= wE*rE + wD*rD(1-tax)

whereby,

wE = weight of equity = 350,000/(350,000+250,000) = 0.5833

rE = Cost of equity = 11% or 0.11 as a decimal

wD = weight of debt = 250,000/(350,000+250,000) = 0.4167

rD = pretax cost of debt = 8% or 0.08 as a decimal

tax = 34%

So, WACC = (0.5833*0.11) + [ 0.4167 *0.08(1-0.34) ]

WACC = 0.0642 + 0.02200

= 0.0862

Therefore, weighted average cost of capital (WACC)= 8.62%

Answer:C. Smaller stock have lower volatility than larger stock.

Explanation:

Volatility refers to the prones of a stock price to changes in market conditions. The higher the impact of changes in market conditions on a stock the higher the volatility level and the lower the impact of changes in market conditions on a stock price the lower the volatility. However the size of a stock does not necessarily determine the level of his volatility, a

stock may be small but still have a large volatility level and stock may be large and have low volatility level.

Answer:

The correct answer is B that is $42.40

Explanation:

As per the dividend discount model, present price of the share is the present value of future dividend is computed as:

Price of the firm in 10 years = Dividend at the end of the year 10 × (1 + Growth rate in dividends) / (Required return - Growth rate in dividends)

where

Dividend at the end of the year 10 is $2.00

Growth rate in dividends is 6%

Required return is 11%

Putting the value above,

= $2.00 × (1 + 6%) / (11% - 6%)

= $2.00 × (1 + 0.06) / 5%

= $2.00 × 1.06 / 0.05

= $ 2.12 / 0.05

= $42.4

Answer:

13.50%

Explanation:

The computation of the market rate of return is shown below:

Current selling price for share = Annual dividend ÷ (Market rate of return - growth rate)

$22 = $2.42 ÷ (Market rate of return - 2.5%)

(Market rate of return - 2.5%) = $2.42 ÷ $22

(Market rate of return - 2.5%) = 11%

So, the market rate of return would be

= 11% + 2.5%

= 13.50%

The market rate of return for Bet'R Bilt Bikes, given the current annual dividend of $2.42 per share, an expected annual dividend growth rate of 2.5% and the current share price of $22, is calculated to be approximately 13.5%.

Your question is about determining the market rate of return for Bet'R Bilt Bikes, given the annual dividend and the expected annual dividend growth. To do this, we use the Gordon Growth Model, also known as the Dividend Discount Model (DDM). The formula is as follows:

Market Rate of Return = (Annual Dividend payment/Price per share) + Annual Growth Rate

Plugging in the values from your question, we get:

Market Rate of Return = (2.42 / 22) + 0.025 = 0.135 or 13.5%

So, the market rate of return for Bet'R Bilt Bikes, given the information provided, is approximately 13.5%.

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Answer:

$102 unfavorable

Explanation:

The computation of the spending variance is shown below:

= Actual supplies cost - expected supplies cost

where

Actual supplies cost is $3,160

And, the flexible supplies cost would be

= Actual level of activity × price per boat + supplies cost per month

= 12 boats ×$44 + $ 2,530

=  $528 + $ 2,530

= $3,058

Now put these values to the above formula  

So, the value would equal to  

= $3,160 - $3,058

= $102 unfavorable

= $11,389

Now put these values to the above formula  

So, the value would equal to  

= $11,700 - $11,389

= $311 unfavorable

All optionsTotal real income increased.probably occurred as the U.S. economy experienced increasing real GDP in 1954

When the economy grows and real GDP rises, overall income tends to increase as more goods and services are produced, leading to higher wages and earnings.

Economic growth typically leads to job creation, as businesses expand production and hire more workers, reducing unemployment.

Corporate profits increased: With a growing economy, businesses often experience higher demand for their products and services, which generally leads to increased profits.

Answer:

42,000 unfavorable

Explanation:

The computation of the direct materials efficiency​ variance is shown below:

= (Actual quantity - Standard quantity) × standard price

= (6,500 pounds - 3,000 pounds) × $12 per pound

= 3,500 pounds × $12 per pound

= 42,000 unfavorable

Since the standard quantity is less than the actual quantity so the direct material efficiency variance would come unfavorable

All other information which is given is not relevant. Hence, ignored it

Jiu may have $23,000 in suspended losses to carry over to future years. She can offset $57,000 of her $105,000 real estate rental activity loss with her passive activity income and potentially deduct an additional $25,000 of the loss against her AGI of $95,000, due to IRS allowance for rental real estate losses.

The question pertains to whether Jiu has any suspended losses to carry over after accounting for rental activity losses, additional rental income, other passive activity income, and her adjusted gross income (AGI). Suspended losses are losses from passive activities that exceed income from passive activities and cannot be deducted in the current year, but can be carried forward to future tax years.

Jiu's real estate rental activity loss is $105,000. She actively participates in this activity, which allows her to offset this loss against her passive activity income ($25,000 from other rental income and $32,000 from additional passive activity income), totaling $57,000.

After applying the passive activity income ($57,000) against the rental activity loss ($105,000), Jiu would be left with $48,000 ($105,000 - $57,000) in losses that cannot be currently deducted. Considering her AGI of $95,000, which is before considering these items of income and loss, the nondeductible portion depends on additional tax rules that apply to losses from passive activities and her income level.

However, the IRS allows up to $25,000 in rental losses to be deducted if the taxpayer's modified AGI is $100,000 or less, with the deduction phaseout starting at an AGI of $100,000 and completely phasing out at $150,000. Since Jiu's AGI is $95,000, she can deduct $25,000 of the loss, potentially reducing the suspended loss to $23,000 ($48,000 - $25,000). The remaining loss may be carried over to future years.

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Jiu has $23,000 suspended losses to carry over after offsetting $25,000 special allowance and $57,000 passive income.

To determine if Jiu has any suspended losses to carry over, we need to consider the passive activity loss (PAL) rules under the Internal Revenue Code. Passive activity losses can only offset passive activity income unless certain exceptions apply.

Jiu's scenario is as follows:

- Real estate rental activity loss: $105,000

- Other rental income: $25,000

- Other passive activity income: $32,000

- Adjusted Gross Income (AGI) before considering these items: $95,000

Step-by-Step Analysis:

1. Calculate Total Passive Activity Income:

  - Other rental income: $25,000

  - Other passive activity income: $32,000

  - Total passive activity income: $25,000 + $32,000 = $57,000

2. Offset Losses Against Passive Income:

  - Jiu can use her passive activity income to offset her passive activity losses.

  - Loss from real estate rental activity: $105,000

  - Passive activity income available to offset this loss: $57,000

  Therefore, $105,000 (loss) - $57,000 (income) = $48,000 (remaining loss)

3. Special Allowance for Real Estate Activities:

  - The IRS allows an exception for real estate professionals and those who actively participate in rental real estate activities, permitting them to offset up to $25,000 of real estate losses against non-passive income if their AGI is $100,000 or less. This allowance phases out between $100,000 and $150,000 AGI.

  - Jiu's AGI before considering these items is $95,000, so she qualifies for the full $25,000 special allowance.

  Therefore, from the remaining $48,000 loss:

  - Special allowance: $25,000

  Remaining loss after special allowance: $48,000 - $25,000 = $23,000

Conclusion:

Jiu has $23,000 of suspended passive activity losses to carry over to future years because she has utilized $25,000 against the special allowance and $57,000 against passive income.

Summary in 20 words:

Jiu has $23,000 suspended losses to carry over after offsetting $25,000 special allowance and $57,000 passive income against $105,000 loss.

The student needs assistance with a tax-related issue for the Jasper family, but further details are required to provide a specific and concise response.

The student appears to be asking for help with tax-related information for the Jasper family. To answer the question accurately, we would need more information about what is specifically being asked. Are they looking for help in filing their taxes, understanding tax law, or calculating their tax refund or liability? The mention of earnings and withholdings for 2018 suggests this could be an accounting or tax preparation exercise. Clear instructions are necessary to provide a complete and factual response.

we are provided with information about the Jaspers' personal details and earnings. However, there is no specific question asked related to this information. It seems like this information is provided for reference purposes, possibly for a business or financial analysis.

Therefore, the grade of this question is High School.

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Answer:

Realized gain = $353,580.

Recognized gain = $103,580

Explanation:

Data provided in the question:

Sales = $596,400

Adjusted basis = $213,000

Selling expenses = $29,820

Now,

Amount realized = Sales - Selling expense

= $596,400 - $29,820

= $566,580

Realized gain = Amount realized - Adjusted basis

= $566,580 - $213,000

= $353,580

Recognized gain = Realized gain - Exclusions

also,

since Constanza is single her exclusion will be $250,000

Hence,

Recognized gain = $353,580 - $250,000

= $103,580

Manufacture A:

- Sales: $13.50 per unit

- Costs: $11.00 per unit

- Avoidable costs: $6.00 per unit

- Unavoidable costs: $5.00 per unit ([$11.00 - $6.00] per unit)

- Total costs: $11.00 per unit

Purchase Product B for Resale:

- Sales: $11.30 per unit

- Cost to purchase: $6.00 per unit

- Total costs: $6.00 per unit

The company should purchase Product B for resale rather than manufacturing Product A, as the total cost per unit for Product B is lower compared to the total cost per unit for manufacturing Product A.

The incremental cost analysis compares the costs and revenues associated with manufacturing Product A against purchasing and reselling Product B. For manufacturing Product A, the sales price is $13.50 per unit, with a cost of $11.00 per unit. However, $6.00 per unit of these costs can be avoided, leaving $5.00 per unit as unavoidable costs. Thus, the total cost of manufacturing Product A remains at $11.00 per unit.

On the other hand, purchasing Product B for resale incurs a cost of $6.00 per unit but allows sales at $11.30 per unit. In this scenario, the total cost per unit for Product B is $6.00, which is lower than the $11.00 total cost per unit for manufacturing Product A. As a result, opting to purchase Product B for resale would be more beneficial for Kando Company, offering a lower total cost per unit and potentially increasing overall profitability compared to manufacturing Product A.

Answer:

The interest expense should be recognized on the zero-interest-bearing promissory note is 22.000

Explanation:

Interest expense = (Fair value of the land * Interest rate)

Supposing a interest rate of 11% we get:

Interest expense = 200.000 * 11% = 22.000

The interest expense that should be recognized on the zero-interest-bearing promissory note will be $22000.

From the complete question, the land that was purchased have a fair value of $200,000 and the company has to pay 11% interest for funds from its bank.

Therefore, the interest will be calculated thus:

= Interest rate × Fair value

= 11% × $200,000

= 0.11 × $200,000

= $22000.

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The two transactions related to the issuance of shares by Clothing Frontiers should be recorded by debiting cash for the total amount received, crediting common stock for the amount equal to number of shares times the par or stated value, and crediting 'Paid-In Capital in Excess of Par – Common Stock' for the remaining amount. This applies to both the original 700 shares and the 110 additional shares.

When a corporation issues stock, an entry is made to recognize this transaction in the books. Assuming Clothing Frontiers has either $1 par value common stock or $1 stated value stock, the entries would be recorded as follows:

1. The issuance of 700 shares of common stock for $34 per share would be:
Debit: Cash (700 shares * $34)= $23,800
Credit: Common Stock (700 shares *  $1)= $700
Credit: Paid-In Capital in Excess of Par – Common Stock=$23,100

2. The issuance of 110 additional shares of common stock for $38 per share would be:
Debit: Cash (110 shares * $38)= $4,180
Credit: Common Stock (110 shares *  $1)= $110
Credit: Paid-In Capital in Excess of Par – Common Stock=$4,070

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Clothing Frontiers' common stock issuances are recorded by debiting Cash for the total funds received, crediting Common Stock for the par or stated value, and crediting Additional Paid-in Capital for the excess received over par value.

The transactions occurring in Clothing Frontiers during the year are related to the issuance of common stock. Assuming the company has either $1 par value or $1 stated value common stock, the recording of these transactions in the ledger would look as follows:

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Answer:

$9,631

Explanation:

In 2019, the Standard mileage rate deduction for the business purposes is 58 cents per mile.

Therefore,

Her deduction is as follows:

= (No. of miles drove × 58 cents per mile) + Tolls associated with the business mileage

= (16,200 × 58 cents per mile) + $235

= 9,396 + 235

= $9,631

Therefore, by using the standard mileage method, her deduction is $9,631.

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

First, figure out what the price of each espresso is in relation to the number of espressos the shop sells. $2 per expresso is the correct answer.

[tex]\text{N} = -100 \text{ x }\text{P}+300\\\text{Profit} = \text{Revenue - Cost}\\\text{Profit} = \text{P} \text{ x } \text{N} - 200\\\text{Profit} = \text{P} \text{x} (-100 \text{ x } \text{P} +300)-200-(-100 \text{x} \text{P}+300) \\= -100 \text{ x } \text{P}^2+400\text{P}-500\\\text{P} = 2, \\\text{Profit} = -300\\[/tex]

The choice of the price will be $2/ coffee to maximize their profit.

For more information about costs and profit, refer below

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Answer:

Belotti would record depletion in 2012 of:

(C) $52,480.

Explanation:

During 2011, Belotti loaded and sold 4,000 tons, it means a  depletion during 2011 of  $32,800.

At  December 2011 the monetary balance of the quarry was  $131.200  

At January 1, 2012, Belotti estimated that 20,000 tons still remained.

The new unit cost of the quarry is $6,56

During 2012, Belotti loaded and sold 8,000 tons, it means a depletion during 2012 of $52,480, 8,000 tons * $6,56 = $52,480

Answer:It will not be ethical for Aaron to attend the meeting and share relevant cost data

Explanation:

Sharing of the relevant cost data will enable the competitor to have a good idea of what goes into Aaron production and it's pricing policy which may be use to the advantages of the competitor.

Furthermore there is no law that protect a firm from his competitor abuse of information obtain through mutual consent.

Sharing cost data with a competitor would be unethical and potentially illegal. Aaron should decline the invitation and communicate the concerns to his superiors.

It would not be ethical for Aaron to attend the meeting and share the relevant cost data. As a cost accountant, Aaron has a responsibility to his company and its customers to keep sensitive information confidential. Sharing proprietary cost data with a competitor could harm his company's competitive advantage and violate confidentiality agreements.

Furthermore, sharing cost data with a competitor could be seen as anti-competitive behavior and may even be illegal under antitrust laws. Companies are expected to compete fairly and independently determine their prices based on their own cost structures.

Aaron should decline the invitation and communicate the potential ethical and legal concerns to his superiors. He could suggest exploring other strategies for determining a fair and equitable price, such as market research, customer feedback, or benchmarking against industry standards.

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Answer: The correct answer is "C. Not recoverability test but fair value test".

Explanation: The impairment test to be used is Not recoverability test but fair value test. To determine whether intangibles of indefinite life have deteriorated and must present another value in their balance sheet, they must implement the fair value test.

Final answer:

The decline in wage rate results in movement along the demand curve for labor. The decrease in the price of televisions and the exit of several firms from the TV market in China cause the demand curve for labor to shift to the left. New vocational courses could potentially shift the demand curve for labor to the right.

Explanation:

When analyzing shifts in the market demand curve for labor in electronics factories in China, different factors will have distinct impacts. Below are the analyzed scenarios:

Answer:

D. if profit were​ positive, then firms would​ enter, decreasing​ price, and if profit were​ negative, then firms would​ exit, increasing price.

Explanation:

Perfectly competitive firms are price takers, hence they cannot influence the price of their products.

Perfectly competitive industries have no barriers to entry or exist of firms ,so if in the short run, firms are earning economic profit, then firms would​ enter into the industry , decreasing​ price, and if profit were​ negative, then firms would​ exit, increasing price. This makes perfect competitive firms to earn zero economic profit in the long run.

Answer:

C.) $3,540

Explanation:

The loan borrowed is the Principal = $88,500

Interest rate per year = 12% or 0.012 as a decimal

Interest accrued formula = Principal * rate * time

Note: time will be from Sep1 - Dec 31 = 4 months or [tex]\frac{4}{12}[/tex]years

Interest accrued = 88,500 * 0.012 * [tex]\frac{4}{12}[/tex]

Interest accrued = 3,540

Therefore, as of December 31st, 2014, $3,540 would be the interest accrued hence choice C is correct.

Answer:

A) Alternative A has the lowest preak-even point at 3,572 units

B) Both alternatives A and B will produce the highest profit of $180,000.

C) 10,000 units between A and B

2,500 units between A and C

4,000 units between B and C

Explanation:

The revenue functions for each of the alternatives are:

[tex]R_A = (\$50-\$22)n - \$100,000\\R_B = (\$50-\$20)n - \$120,000\\R_C = (\$50-\$30)n - \$80,000[/tex]

Where 'n' is the annual output, in units produced.

A) At the break-even point, revenue is equal to zero. The break-even outputs for each alternative are:

[tex]0 = (\$50-\$22)n_A - \$100,000\\n_A = 3,572\\0 = (\$50-\$20)n_B - \$120,000\\n_B = 4,000\\0 = (\$50-\$30)n_C - \$80,000\\n_A = 4,000\\[/tex]

Alternative A has the lowest preak-even point at 3,572 units.

B) The revenues for each alternative at n=10,000 units are:

[tex]R_A = (\$50-\$22)10,000 - \$100,000\\R_A = \$180,000R_B = (\$50-\$20)10,000 - \$120,000\\R_B= \$180,000\\R_C = (\$50-\$30)10,000 - \$80,000\\R_C =  \$120,000[/tex]

Both alternatives A and B will produce the highest profit of $180,000.

C) As seen above, for n=10,000 the company would be indifferent between A and B.

Between A and C:

[tex]R_A = R_C\\ (\$50-\$22)n - \$100,000 = (\$50-\$30)n - \$80,000\\n=\frac{100,000-80,000}{28-20} \\n=2,500[/tex]

Between B and C:

[tex]R_B = R_C\\ (\$50-\$20)n - \$120,000 = (\$50-\$30)n - \$80,000\\n=\frac{120,000-80,000}{30-20} \\n=4,000[/tex]

The break-even quantity, highest profits for an annual output of 10,000 units, and volumes of output where the company would be indifferent between each pair of options can be calculated using principles of cost-analysis and revenue. These involve the calculation of break-even points, profits and equality of total costs.

In order to calculate the break-even quantities for alternatives A, B, and C, we need to figure out the point at which the total revenue equals the total costs. This can be done using the formula for break-even point: Break-even quantity = Fixed costs / (Price - Variable costs per unit).

To find the highest profits for an annual output of 10,000 units, we need to calculate the total costs for each option and subtract these from the total revenue. This yields the profit for each option: Profit = Total revenue - Total costs.

Lastly, to determine at what volumes of output the company would be indifferent between each pair of choices, we need to set the total costs for each option equal to each other and solve for the quantity: Total costs_A = Total costs_B = Total costs_C.

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Answer:

The correct answer is : reach multiplied by frequency.

Explanation:

In marketing, the Gross Rating Point or GRP measures the size of an ad campaign during a given medium or schedule. The concept is typically confused with the measure of the size of potential consumers reached but GRP is not in charge of that matter. The GRP is calculated in percent of the target market reached multiplied by the exposure frequency.

Answer:B. Teddy's agreement with Andrea and Cami, only.

Explanation:

Consideration is anything of value that moves from both parties to a contract, it must equally be specific and devoid of ambiguity.

The agreement with Andrea and Camil both meet these requirements. However the agreement with Lorne is not devoid of ambiguity because we are not sure of the amount of his consideration.

Answer:C. the sixth step determining the promotional mix: which tools to use, when and how much.

Explanation:

By working on his product, the market, the message content, advertising methods,the target market, all this show that he his in the sixth step.

Answer:

$1300 U    

Explanation:

Budgeted cost of plastic per yard = $91

Actual cost of the plastic per yard = $90

Actual units made = 4100

Budgeted units to be made = 3300

Actual plastic used = 4160 yards

Now,

Materials quantity variance

= ( Budgeted material - Actual material ) × Actual cost

= ( 1 × 4100 - 4160 ) × $90

= -$5,400       [Here negative sign means unfavorable ]

Materials price variance = ( Budgeted cost - Actual cost ) × Actual units

= ( $91 - $90 ) × 4100

= $4100

Therefore,

Total material variance = $4,100 - $5,400  

= - $1,300

i.e $1300 U