Utilities. Since you don't own the property, you are not responsible for paying property taxes. Your landlord should be responsible for any maintenance. PMI is insurance paid on a mortgage - which you wouldn't have as a renter.
Answer:
$50,000
Explanation:
Since the partnership is valued at $300,000, then each partner's stake = $300,000 / 3 = $100,000
that means that each partner must purchase 2 policies (one for each of the other partners) that covers his/her stake = $100,000 / 2 policies = $50,000 per policy
<u>Solution and Explanation:</u>
As per the income tax, if the income of a single taxpayer lies in the range of $65000 and $80000, the taxpayer is elgibile for a prtial deduction on his/her education on loan interest.
The partial interest deduction amount is calculated as follows:
Partial interest deduction allowed = 
= $320
Therefore, the allowed interest deduction in this case is $320.
Answer:
Explanation:
Given:
Selling price of 1 lamp = $6
Cost price of 1 lamp = $4
Units sold per month = 3000
Let $T be the selling price set by the lamp seller.
Number of sold lamps per month = 3000 − (T − 6) × 1000
= 9000 − 1000 × T.
Monthly profit = (9000 − 1000p) × (T − 4)
= −1000T^2 + 13000T − 36000.
Obtaining the derivative,
dS/dT = −2000T + 13000
and setting it to zero
−2000T + 13000 = 0
T = -13000/-2000
optimal selling point, T = $6.5.
Answer:
5,182 Units
Explanation:
The computation of additional units is given below:-
Operating income = Contribution Margin Per unit × Units - Fixed cost
= ($4.50 - $1.75) × 29,000 - 8,500
= $71,250
Operating income is increased by 20%
Operating income = $71,250 × 1.20
= $85,500
So, per units
$85,500 = ($4.50 - $1.75) × Units - 8,500
= $94,000 ÷ 2.75
= 34,181.82
Additional Units
= 34,181.82 - 29,000
= 5,182 Units
