Reference no: EM131893240
Edward has always enjoyed sailing. In 2016, he entered several regattas and managed to win prize money of $1,700. His expenses associated with the regattas exceed $23,000. Which of the following statements is correct?
1. Edward may absolutely not deduct any of these expenses.
2. Edward should only deduct 50% of these expenses.
3. Edward's expenses far exceed his winnings. Therefore, he needn't worry about reporting the winnings on his 2016 income tax return.
4. The fact that Edward derives significant personal enjoyment from the activity may be a factor in determining if all of his expenses are deductible.
2. Union membership as a percentage of the labor force has been falling for half a century. Why do you think union membership has declined? Briefly discuss
3. If the firm maintains a capital structure containing 40?% debt and 60% ?equity, its weighted average cost is?
4. Explain the general rules of agency that govern the actions of agents and their relationship to insureds.
Rate these brands on the basis of their various attributes
: Assuming the brands not chosen know how consumers might rate these brands on the basis of their various attributes,
|
Capital structure includes bonds-preferred ans common stock
: MNO's capital structure includes bonds, preferred stock, and common stock. The target capital structure calls for 43 percent common stock,
|
Completed development of new game machine
: completed development of new game machine, Prepare financial summary of new Play stadium for each of first two years.
|
What are some limitations of financial ratio analysis
: what are some limitations of financial ratio analysis?
|
Entered several regattas and managed to win prize money
: Edward has always enjoyed sailing. In 2016, he entered several regattas and managed to win prize money of $1,700
|
What is the firm total corporate value in millions
: Suppose that Bryson Corporation's projected free cash flow for next year is FCF1-$220,000, what is the firm's total corporate value in millions?
|
What are the convexity and duration of the bond
: What are the convexity and duration of the bond? What price would be predicted by the duration equation?
|
Differ because of differences in their credit exposures
: Treasury curves and swap curves can differ because of differences in their credit exposures, liquidity, and other supply/demand factors.
|
Tristan toys invested in new manufacturing system
: Tristan's Toys invested in a new manufacturing system. What is the minimum price that the company must charge per unit to breakeven on the investment?
|