Jenny and jerry have a home with a fair market value of $625,000. they borrowed $400,000 ten years ago to purchase the home (home value at that time was $450,000). they currently owe $250,000 on the acquisition loan. they recently borrowed $110,000 on a home-equity loan. the proceeds were used to purchase a car, take a vacation, and redecorate their home. what is the maximum amount of their indebtedness that can generate deductible interest in the current year?

•broussard skateboard’s sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. its assets totaled $5 million at the end of 2016. broussard is already at full capacity, so its assets must grow at the same rate as projected sales. at the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. the after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. use the afn equation to forecast broussard’s additional funds needed for the coming year

What two elements normally must exist before a person can be held liable for a crime

The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?