All categories

2 years ago

Matt lives in an apartment in New York. Every month, he must pay rent and

Business

1 answer:

Morgarella [4.7K]2 years ago

3 0

Answer:

the available options of the question are,

A) investing

B) essential

C) financing

D) operating

E) entertainment

and the correct answer is B) essential.

Explanation:

if you look at this question, you can see clearly that matt lives in an apartment and not in his own place, so if he continues to live their, he must pay. this is because there is an agreement between him and the owner of the apartment and this agreement is valid and can be enforced by the law.

of he does not pay, the owner can get rid of him after giving him a notice within a fair time limit.

because of this, this action can be regarded as an "essential" one. or in other words, a must do for matt to have a roof over his head.

You might be interested in

Less certain a cash flow, the ________ the risk, and ________ the present value of the cash flow. higher; lower lower; lower hig

Akimi4 [234]

I think it’s higher the risk and the lower present value

7 0

2 years ago

Read 2 more answers

It is possible to use a decision making process for any decision.

loris [4]

I think so, but there may be some exceptions--if any.

6 0

3 years ago

Read 2 more answers

Luke is an ordained minister. Luke's salary from his employing church last year was $31,000. The church did not designate any of

nirvana33 [79]

Answer

$31,000

Explanation:

Explanation:

As per IRS for Earnings of Clergy, A licensed, commissioned, or ordained minister who performs ministerial services as an employee may be able to exclude from gross income the fair rental value of a home provided as part of compensation (a parsonage) or a housing allowance provided as compensation if it is used to rent or otherwise provide a home. In order to be able to exclude the housing allowance from income, the minister's employing organization must officially designate the housing allowance as such before paying it to the minister.The fair rental value of a parsonage or the housing allowance is excludable only for income tax purposes, and not for Self-employment tax purpose.

In the given case, the church did not designate any of Luke's salaries as a housing allowance. Hence it is not deductible from Gross Income for Income Tax Purposes and irrespective of designation or not, it is not deductible for self-employment tax.

Thus, Full salary of Luke i.e $31,000 must be included when figuring net income for self-employment tax.

7 0

2 years ago

Last year, Myron purchased a $10,000 certificate of deposit with a 3% rate of interest from his bank. The government reported th

Dmitrij [34]

Answer:

Myron gains, while the bank loses.

Explanation:

Fallen in prices is usually cause by deflation i.e a general decrease in the prices of goods and services which enhances the purchasing power of money.

In this case, 5% fall in price will increase the value of the Myron investment with bank and caused bank more money .

8 0

2 years ago

A $1000 bond with a coupon rate of 6.2% paid semiannually has eight years to maturity and a yield to maturity of 8.3%. If intere

ohaa [14]

Answer:

The price of the bond will be $879

Explanation:

Price of the bond is the present value of all cash flows of the bond. Price of the bond is calculated by following formula:

According to given data

Coupon payment = C = $1,000 x 6.2 = $62 annually = $31 semiannually

Number of periods = n = 2 x 8 years = 16 periods

Current Yield = r = 8.3% / 2 = 4.15% semiannually

Price of the Bond = $31 x [ ( 1 - ( 1 + 4.15% )^-16 ) / 4.15% ] + [ $1,000 / ( 1 + 4.15% )^16 ]

Price of the Bond = $31 x [ ( 1 - ( 1 + 0.0415)^-16 ) / 0.0415 ] + [ $1,000 / ( 1 + 0.0415 )^16 ]

Price of the Bond = $31 x [ ( 1 - ( 1.0415)^-16 ) / 0.0415 ] + [ $1,000 / ( 1.0415 )^16 ]

Price of the Bond = $521.74 + $357.26 = $879

7 0

2 years ago