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Paraphin [41]
2 years ago
6

Samuel slips on an icy spot in front of an apartment and is hospitalized for three weeks. The owner of the apartment pays Samuel

$14,000 for medical expenses and gives him $4,000 for his pain and suffering. Samuel receives his regular $1,800 salary from his employer while he couldn't work and also receives $7,000 in disability pay from a plan that he had purchased. Samuel's gross income from these payments is: a. $-0-. b. $1,800. c. $2,500. d. $5,800. e. $8,800.
Business
1 answer:
andrey2020 [161]2 years ago
8 0

Answer:

B) $1,800.

Explanation:

$14,000 in medical expenses are not part of Samuel's gross income.

$7,000 in disability payments are not included in Samuel's gross income because he paid the premiums.

$4,000 in pain and suffering compensation are not part of your gross income.

The only payments that are part of Samuel's gross income and therefore are taxed, are his regular monthly salary payments = $1,800. If Samuel's disability insurance premium had been paid by his employer, then the $7,000 would have been taxable.

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A stock will have a loss of 13.6 percent in a recession, a return of 12.3 percent in a normal economy, and a return of 27 percen
SpyIntel [72]

Answer:

Standard deviation =21.34

Explanation:

<em>Standard deviation is measure of the total risks of an investment. It measures the volatility in return of an investment as a result of both systematic and non-systematic risks. Non-systematic risk includes risk that are unique to a company like poor management, legal suit against the company .</em>

<em>Standard deviation is the sum of the squared deviation of the individual return from the mean return under different scenarios</em>

Expected return (r) = (13.6% × 0.33 ) +  (12.3% × 0.36)  + (27%× 0.31)=17.3%

Outcome           R       (R- r )^2           P×(R- r )^2

Recession        13.6       13.6                 4.5

Normal         12.3         24.9                  8.9

Boom           27%        94.4              <u>     29.3 </u>

Total                                                <u>   42.7 </u>

Standard deviation = √42.7 = 21.34

Standard deviation =21.34

3 0
2 years ago
Which statement regarding headings is accurate? Group of answer choices Headings provide visual distraction for readers; thus th
storchak [24]

Headings highlight information and improve readability.

<h3><u>Explanation:</u></h3>

Any documents readability can be improved with the usage of headings. The headings and sub headings of any documents helps in the representation of important concepts and also the ideas that are supporting those main concept. They help in enhancing the importance of the document through the proper visual representation.

The differences that we use in the text of the documents helps the readers in distinguishing the main concepts and ideas from the rest of the text in the documents. Thus, headings will be appearing in a little bigger size and helps in highlighting information and improving readability.

3 0
2 years ago
A bank efficiency ratio is the ratio of a bank's expenses to its revenue, expressed as a percentage. If a bank has \$222$222doll
Ann [662]

Answer:

$296 million

Explanation:

Data provided in the question:

Expenses of the bank = $222 million

Efficiency ratio of the bank = 75%

Now,

The Efficiency ratio is given using the formula as:

Efficiency ratio = \frac{\textup{Expenses}}{\textup{Revenue}}

thus,

Revenue = \frac{\textup{Expenses}}{\textup{Efficiency ratio}}

on substituting the respective values, we get

Revenue = \frac{\$\textup{222 million}}{\textup{75}\%}

or

Revenue = \frac{\$\textup{222 million}}{\textup{0.75}}

or

Revenue = $296 million

Hence, the revenue for the bank is $296 million

7 0
2 years ago
Falmouth Corporation's debt to equity ratio is 0.6. Current liabilities are $120,000, long term liabilities are $360,000, and wo
Digiron [165]

Answer:

$1,280,000        

Explanation:

We know that

Debt to equity ratio = Debt ÷ total equity

0.6 = $360,000 + $120,000 ÷ total equity

0.6 = $480,000 ÷ total equity

So, the total equity = $800,000

In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

                    = $480,000 + $800,000

                    = $1,280,000

8 0
2 years ago
Carpet Renewal dyes carpets for residential customers. The company is interested in estimating fixed and variable costs. The fol
irakobra [83]

Answer: c. $47 per carpet

Explanation:

Total variable costs are:

= Cleaning supplies + Hourly wages  + Transportation

= 5,140 + 11,000 + 3,600

= $19,740

The variable cost per carpet is:

= Total variable cost / Number of carpets dyed

= 19,740 / 420

= $47 per carpet

6 0
2 years ago
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