answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
swat32
2 years ago
15

On March 1, Roxanne acquires a house for $160,000. She pays $20,000 down and borrows the remaining $140,000 by obtaining a 15-ye

ar mortgage. Roxanne pays $3,500 in closing costs and $2,500 in points in purchasing the house. During the year, she pays $10,300 of interest on her mortgage. a. Roxanne's allowable interest deduction for the year is $. b. How would your answer to the above question change if Roxanne already owned her home and the points paid on March 1 were for a 15-year mortgage to refinance her existing mortgage. Her total allowable home mortgage interest deduction is $ .
Business
1 answer:
natali 33 [55]2 years ago
4 0

Answer:

a)$12,800.00

B)$10,439

Explanation:

Please see attachment

Download pdf
You might be interested in
Kelly has joined Drake's team. Drake sends Kelly an email explaining details of the project that she will be working on. Which o
Marat540 [252]
B, C and D are all examples of good etiquette
8 0
2 years ago
Read 2 more answers
Customers have a defined ________ when it comes to waiting in line at a retail checkout counter. The amount of time consumers ar
balu736 [363]

Answer:

The correct answer to the given above question is Zone of tolerance.

Explanation:

Zone of tolerance in simpler terms can be defined as the difference between a consumers desired level of service and the level of service a consumer considers adequate. This zone consists a range of various service performance that a consumer considers to be satisfactory. We can see this zone of tolerance when a consumer will stand in a line at a retail store , a consumer would be willing wait longer in the line if he or she thinks that product or service is valuable or a necessity to him and the waiting time would also depend on the type of store it is.

6 0
2 years ago
Read 2 more answers
Deb has found it very difficult to repay her loans. Because of these difficulties, the bank decided to forgive one of her most r
antiseptic1488 [7]

Answer:

$9,000

Explanation:

Calculation of the amount that Deb must include in her gross income

Total assets $264,000 -Remaining loans $255,000 =$9,000

Therefore the amount that Deb must include in her gross income would be $9,000. Hence a discharge of indebtedness will not be taxable in a situation where the taxpayer is insolvent before and after the debt might have been forgiveness and in a situation where the the discharge of indebtedness tend to makes the taxpayer solvent, the taxpayer will tend ro recognizes the taxable income to the extent of his solvency.

3 0
2 years ago
In December 2016, Shire Computer’s management establishes the 2017 predetermined overhead rate based on direct labor cost. The i
Oksana_A [137]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will incur $754,000 of overhead costs and $580,000 of direct labor cost.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 754000/580000= $1.3 per direct labor dolar

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

5 0
2 years ago
The GoT cups are a fast seller and you need to ensure that you have enough rolls of paper to fulfill demand. The first stage in
jarptica [38.1K]

Answer:

EOQ = 414 rolls

Explanation:

In order to calculate the number of orders to minimize the cost, we should calculate that by using the Economic order quantity model.

DATA

Holding cost = $1.75/unit

Annual demand = 500 rolls x 12 = 6000 rolls

Ordering cost = $25

Formula

EOQ =\sqrt{\frac{2Cod}{Ch} }

Where

Co = ordering cost

D = Annual demand

Ch = Holding cost

Solution

EOQ = \sqrt{\frac{2(6000)(25)}{1.75} }

EOQ = \sqrt{\frac{300000}{1.75} }

EOQ = 414 rolls

They should order 414 rolls to minimize the cost.

4 0
2 years ago
Read 2 more answers
Other questions:
  • On July 1, the inventory of at Barnett Shoes was $60,000. Because of anticipated back-to-school sales, the owner wants to have a
    8·1 answer
  • Maria Mendez is division controller and James Dalton is division manager of the Hestor Shoe Company. Mendez has line responsibil
    11·1 answer
  • Campbell Soup uses electronic networks to improve the efficiency of outbound logistics. These networks also helped Campbell Soup
    11·1 answer
  • Whispering Corporation had income from continuing operations of $10,775,400 in 2020. During 2020, it disposed of its restaurant
    12·1 answer
  • The expected rate of return on a constant growth stock is equal to the ____ plus its _____. Select one: a. risk-free rate; infla
    9·1 answer
  • Frank and Jasmere are both shopping for a new car. They are looking for a $20,000 loan to pay for the new car that they will pay
    13·1 answer
  • You have a portfolio that is invested 11 percent in Stock R, 56 percent in Stock S, and the remainder in Stock T. The beta of St
    8·2 answers
  • You move 18% of your online checking account balance of $2,525 to your savings account. How much of your checking account did yo
    6·1 answer
  • Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion
    8·1 answer
  • Internal rate of return method The internal rate of return method is used by Testerman Construction Co. in analyzing a capital e
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!