A hydroelectric dam is projected to produce annual benefits that grow in concert with the regional economic growth rate of 2%. The first benefit amount, $600,000, occurs at the end of year 5 (after the dam is constructed and the reservoir fills). If the interest rate is 8% and the benefits are assumed to continue growing through year 50 (50-year planning period), what is the present value of benefits (at t

After all revenue and expense accounts have been closed at the end of the fiscal year, income summary has a debit of $2,450,000 and a credit of $3,000,000. at the same date, retained earnings has a credit balance of $8,222,600, and dividends has a balance of $125,000. required: a. journalize the entries required to complete the closing of the accounts on december 31. refer to the chart of accounts for exact wording of account titles. b. determine the amount of retained earnings at the end of the period.

If you miss two payments on a credit card what is generally the penalty

Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?