Andy and Leo had a total of 41 cards at first. After Andy lost 5 of his cards and Leo los 1/2 of his cards, they had an equal number of cards left. How many cards did Leo have at first?
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- Scrooge is thinking of selling his money lending business. He has been the sole owner for 6 years since his partner died. He has three employees – Bob, Cindy, and Dale. He decides to sell the company to the three of them. The business is worth $120,000. Each employee puts in $40,000 to buy the company. According to the Howey Test, was a security issued? A. Yes, because there was an equal investment of money B. No, because he did not register with the SEC C. Yes, because there was a common enterprise D. No, because there was a complete sale of the businessMorgan won $2,315 at a work raffle. They deposited $1898.30 into their savings account. What percent of their winnings did they deposit into their savings account?Joel brought a sum of money for his trip. On the first day, he spent 1/4 of his money and misplaced $4. On the second day, he spent 1/4 of his money on 2 identical boxes of tea leaves. On the third day, he decided to buy another 5 boxes of tea leaves. He had $6.40 left in the end. How much money did he have at first?
- Kensley enjoys playing blackjack at the casino every Thursday night after work. This year, she has won $3,850, which she included in gross income. She lost $9,540. Her adjusted gross income is $150,000. How much of the losses can Kensley deduct? (Do not use commas or dollar signs. Round to the nearest dollar.)Andy, Bala, Chunli and Danny shared some money. Andy had $296. Bala had $60 less than Chunil. Danny had 1/5 of what Chunli had. Bala had 35% of the total amount of money. (a) How much money did all of the have altogether? (b) What percentage of the total amount was Andy's share of the money?Trivia Williams purchased 5 pounds of irish at the market for $180. He received six irish. If all the irish were the same size, how much is for 4 single irish??
- Jason purchased 300 shares of the hodge and mattox energy fund. Each share cost 15.15. Fifteen months later, he decided to sell his shares when the share value reached 18.10. A what is the amount of his total initial investment? B what was the total amount Jason revived when he sold his shares in the hodge and mattox fund? C how much profit did he make on his investment?Lauren purchased a $50,000 T-bill for $46,919. A few months later, Lauren sold the T-bill for $48,453. What was Lauren's return on the T-bill? (Round to two decimal places.)5) Jon has a credit limit of $15,000 on his credit card. He had a previous balance of $427.51. He made a payment of $400. The total of his purchases that cycle was $989.22. What is Jon's available credit?
- Seth had some marbles. He gave 2/3 of his marbles to Henry and bought 4 new marbles. After that, he gave 2/7 of his remaining marbles to his cousin and bought another 7 new marbles. In the end, Seth had 47 marbles. How many marbles did Seth give to his cousin? How many marbles did Seth have at first? H h hhhh hhGeorge and Almaida sold their property. The deposit was $40,000 and was paid to the real estate broker. The total commission was $34,400. Will George and Almaida get the difference back, and if yes, how?Carol, age 40, has an IRA with Blue Mutual Fund. Her balance in the fund is $150,000. She has heard good things about the management of Red Mutual Fund, so she opens a Red Fund IRA. Carol requests her balance from the Blue Fund be distributed to her on July 1, 20XX. She opted to have no withholding on the distribution. a. How much will Carol receive from the Blue Fund IRA? 150,000 v b. If the funds were distributed from a qualified retirement plan (not an IRA), how much would Carol receive? 150,000 x c. When is the last day Carol can roll over the amount received into the Red Fund IRA and avoid taxation in the current year? Assume the hardship waiver provisions does not apply. August 30 d. Assuming the funds were distributed from a qualified retirement plan, not from an IRA, how much will Carol have to contribute to the Red Fund IRA to avoid taxable income and any penalties?