Answer:
Assuming Simon’s AGI is $40,000.
Gambling losses are only deductible to the extent of gambling winnings. Thus,Simon cannot deduct any of the $4,300 gambling losses. The $3,160 transportation expenses are also nondeductible as they are deemed to be personal expenses. The $2,650 broker management fees are deductible as investment fees (miscellaneous itemized deductions subject to the 2% AGI floor), and the $1,030 tax return fees are also deductible as miscellaneous itemized deductions subject to the 2% AGI floor.
Thus, $2,650 + $1,030 – (2% x $40,000 AGI) = $2,880 deduction
Emphasizing labor productivity in labor-intensive environments is not among the chief reasons organizations fail.
<h3><u>
Explanation:</u></h3>
Labor intensive production technique involves the usage of higher amount of labor for the production of goods and services. Here the other factors of production such as capital is used less compared to labor. When we are in a need of producing goods or services only at a small scale then we can opt for the Labor-intensive means of production.
For those organisation that has an environment to be of labor intensive then the process of using labor productivity will be appreciated for the success of the organisation. Focusing on the financial performance in short-term basis, over emphasis on the design of the product, poor communication in the internal organisation,not investing in capital and human resources are the reasons for the failure of many organisation.
Answer:
Bill must earn at 4.89% interest rate
Explanation:
The rate that Bill must earn on the $26,000 in order to be able to accumulate $30,000 in three years' time is computed below using the future value formula:
FV=PV*(1+r)^N
FV is the future value of $30,000
PV is the principal to be invested today of $26,000
N is the duration of the investment of 3 years
r is the unknown
30,000=26000*(1+r)^3
divide both sides by 26,000
30000/26000=(1+r)^3
divide the index on both sides by 3
(30000/26000)^(1/3)=1+r
r=(30000/26000)^(1/3)-1
r=1.048856246
-1
r=0.048856246
r=4.89%
Answer:
$125,000
Explanation:
Given the following resorted data from the question:
Spot Rate Forward Rate for
March 16, 2020 Delivery
November 16, 2019 $1.250 $ 1.248
December 31, 2019 1.260 1.255
March 16, 2020 1.265 1.265
The applicable rate to use to calculate the amount the company will report sales revenue on its 2019 income statement is the spot rate ruling on the date the company made the sale to the customer in Germany, i.e. $1.250 on November 16, 2019.
Therefore, we have:
Sales revenue = €100,000 * $1.250 = $125,000.
Therefore, the amount the company will report sales revenue on its 2019 income statement is $125,000.
