For capital gain days held calculations, clarify if you include date sold as days held aswell?
Q: A computer, originally priced at $1,450, is marked down to $841. What is the percent markdown?
A: Percent markdown means the reduction in the original price by a specific percentage. It is normally…
Q: ns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the…
A: A dividend refers to the sum value of money dispersed by a company to its shareholders out of the…
Q: On March 25, 2021, Phillips Corporation purchased bonds of Atlas Corporation for $160 million and…
A: Gain from sale of bonds is when sale value of bonds is greater than its book value. Loss from sale…
Q: 2) A 10 year bond with 5 years remaining is sold at a discoung of $4.12 .If the face and redemption…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: he Arcade Company entered into a 10 year lease under which it made payments of R26 720 annually in…
A: In lease the right to use of assets is given to the user to use the assets during the lease period…
Q: You are thinking about opening an oil changing business. Fixed costs are $5,500 a month. You will…
A: The question is based on the concept of Cost Accounting. Break even point is the point at which…
Q: An electric switch manufacturing company is trying to decide between three different assembly…
A: The term "future value" (FV) refers to a concept in finance that places a monetary value on an asset…
Q: Selected Item Attempt Preview Make or Buy A company manufactures various-sized plastic bottles for…
A: Variable Cost :— It is the cost that changes with change in units. It is constant in per unit for…
Q: Be careful when signing a work-for-hire agreement if you are a songwriter. You may lose all rights…
A: Formula: Tax owed=Taxable amount×Tax rate
Q: DJ Industries has a cash balance of $75,000; accounts payable of $140,000; inventory of $300,000;…
A: Answer:- Net working capital meaning:- The gap between current assets and current liabilities on a…
Q: Concord Today Publishers completed the following investment transactions during 2024 and 2025:…
A: The process of recording business transactions in the books of accounts for the first time is…
Q: he objective of IAS 17 Leases is to prescribe the appropriate accounting treatment and required…
A: Lease is considered an act in which the lawful owner of the asset agrees to provide the asset to…
Q: Bill Shass pays a property tax of $2,000. In his community, the tax rate is 50 mills. What is Bill's…
A: The assessed value of a house or other piece of real estate is the sum allotted to it for property…
Q: hoose the correct letter in each item. Kindly answer all items. NO EXPLANATION NEEDED 1. Wages for…
A: Costing - Any system for allocating expenses to a business component is known as costing. In order…
Q: a calendar-year corporation. At the beginning of 2022, its election to be taxed as an S corporation…
A: Inventory - Inventory includes both the raw materials needed in production and the finished…
Q: A company has 10 million shares outstanding and a stock price of $89.25. What is this company's…
A: Market Capitalization - Market Capitalization is calculated by multiplying the price of the stock by…
Q: Susan, Preston, and Roman are partners in a firm with the following capital account balances: Susan…
A: When the capital balance of retiring partner is settled, the difference between the capital balance…
Q: Classify the following costs as period or traceable costs. Depreciation on office building Insurance…
A: All indirect costs incurred during production are referred to as period costs. Examples of period…
Q: Sales rebate Goodyear Tire & Rubber Company (GT) published the following promotion on its website…
A: Sales revenue is the total number of units sold at a unit price each. The net sales revenue is sales…
Q: Department G had 1,920 units 25% completed at the beginning of the period, 12,100 units were…
A: Equivalent units of production mean the number of units that would have been produced using the same…
Q: shareholder ensure a redemption receives
A: A shareholder can be referred to any person, company, or institution that owns the shares of any…
Q: Blue Book Printing is budgeting sales of 23,589 units and already has 3,089 units in beginning…
A: Beginning units of 3,089 units will also be sold this year. Estimated sales of 23,589 units includes…
Q: llowing information applies to the questions displayed below.] ar Diane intends to file a…
A: Adjusted gross income (AGI) refers to the amount of money gained by an entity which is further…
Q: o lose a dollar than to gain a dollar
A: Business or life is all about gaining and losing, if one person will gain something the other will…
Q: The journal entry to record the issuance of direct materials represented by the following materials…
A: DIRECT MATERIAL USED Direct material is the physical items built into a product. Direct material…
Q: Coronado Limited has the following information available for accruals for the year ended December…
A:
Q: Complete the inventory table by calculating the total cost of purchases, the goods available for…
A: Solution:- Calculation of the total cost of purchases, goods available for sale, cost of goods…
Q: Kay and Dee Manufacturing (K+D) has three business lines: • Manufacturing manufacturing of custom…
A: The direct method charges the producing departments that rely on the services directly for the…
Q: Keith and Jim formed a partnership, with the partners sharing pro year. The entry to close the net…
A: When there is partnership the loss and profits are shared equally and passed on to the capital of…
Q: The Allowance for Doustful Accounts account is a Contru-account that offsets: A. Cost of Goods Seld…
A: "Allowance for doubtful accounts" is a provision for upcoming estimated bad debts, prepared to…
Q: P9-1B At December 31, 2011, Artie Kendall Imports reported the following information on its balance…
A: When a customer is unable to pay an outstanding debt owing to bankruptcy or other financial…
Q: Many business events are recorded in the GL from feeder processes. The first list below identifies…
A: Business events are defined as the transactions that are taking place in the company. The…
Q: Question 6 Perniagaan Kompani manufactured 100,000 units wooden crafts in 2020 and reported the…
A: Every manufacturing unit should record all the costs or expenses for making the product. Companies…
Q: Atlantis Corporation has 18,000 shares of 10%, $82 par noncumulative preferred stock outstanding and…
A: Dividend - Dividend is the amount paid by the company to the shareholders. Cumulative preference…
Q: Chad Ltd negotiated a lease on the following terms: the term of the lease was 5 years; the estimated…
A: Introduction:- Leases means lessor allows another party (Lessor) to use the property/asset in…
Q: Tom, single, also participates in a qualified retirement plan at work and has modified AGI of…
A: First learn about the ROTH IRA CONTRIBUTION... Saving money for retirement can be done quite…
Q: Wildhorse Company is constructing a building. Construction began on February 1 and was completed on…
A: A weighted average interest rate is the average rate which reflects the contribution of each loan to…
Q: alifax Shoes has 33% of its sales in cash and the remainder on credit. Of the credit sales, 65% is…
A: Companies gives credit to the customers and customers pay later on so cash money is blocke in credit…
Q: their business partnership, George has an ownership interest of 58% and Ben has an ownership…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: During the month of June, a company’s direct materials costs for the production of Product X were as…
A: Answer:- 1 Material variance meaning:- This represents the discrepancy between the actual cost of…
Q: What would be the total fire insurance premium for Best Hardware if their $625,000 building belongs…
A: There is need of insurance for every physical object whether it is building or material in the…
Q: Use the 2016 marginal tax rates to compute the tax owed by the following couple. A married couple…
A: Tax credits are used as a tax for tax reduction in income tax owed by the individual,under IRS rules…
Q: A company reports the following financial information: Inventory, December 31, 2019 Inventory,…
A: Meaning of Inventory Turnover The inventory turnover ratio, also known as the…
Q: Woods Company Adjusted Trial Balance for the year ended…
A: Financial Statements - 1. Income Statement 2. Balance Sheet The first statement shows the income…
Q: K The Cash account of Queen City Security Systems reported a balance of $2,510 at December 31, 2024.…
A: Bank Reconciliation Statement :— It is the statement prepared to reconcile the balance as per bank…
Q: Requirements 1. Assume Spanelli Sign Company has a January 31 year-end. Journalize Spanelli's…
A: 1. Closing Entries - Closing Entries are required to close the temporary accounts of the income…
Q: Cost of Units Completed and in Process The charges to Work in Process-Assembly Department for a…
A: Introduction: In process costing, units completed in one department are transferred to other…
Q: es Gomez Corporation uses the allowance method to account for uncollectibles. On January 31, it…
A: Journal Entry :— It is an act of recording transaction in books of account when transaction…
Q: A borrower has two alternatives for a loan: (1) issue a $360,000, 75-day, 6% note or (2) issue a…
A: Notes payable is a promise to pay certain amount by the buyer to the seller on a date and interest…
Q: Which of the following alternatives represents the correct amount that must be disclosed as cash…
A: A Cash Flow Statement is one of the Financial Statements of a company. It shows the flow of cash…
1.
Step by step
Solved in 2 steps
- If net income before tax is 60000 OMR, tax is 2000 OMR, interest is 1500 OMR, depreciation is 1500 OMR and amortization is 1000 OMR, the EBITDA is: Select one: O a. 64000 OMR O b. Correct answer is not available O c. 62000 OMR O d. 66000 OMRCalculate the assessed Value (in K) Property tax due (in $) on and the 267,00 the property? Fair Market Assesment Rate Assesed Value Property Tax Rate Property Tax 125.60 per 1,000 due Value 80Calculate the assessed value (in $) and the property tax due (in $) on the property. Fair Market Assessment Assessed Property Property Value Rate Value Tax Rate Tax Due $145,000 100 $ $1.40 per $100 $
- 9. Calculate the assessed value (in $) and the property tax due (in $) on the property. Fair MarketValue AssessmentRate AssessedValue PropertyTax Rate PropertyTax Due $280,000 80 $ $25.60 per $1,000 $Simple Accounting - Property Tax. Market Value Tax Policy Rate Property Tax $1,370,980.00 50.75% 4.39571 a. $3,058,413.48 O b. $29,680.17 O c. $30,584.13 d. $60,264.3010. Calculate the assessed value (in $) and the property tax due (in $) on the property. (Round your answers to the nearest cent.) Fair MarketValue AssessmentRate AssessedValue PropertyTax Rate PropertyTax Due $342,900 72 $ 5.1% $
- Calculate the assessed value (in $) and the property tax due (in $) on the property. (Round your answers to the nearest cent.) Fair Market Assessment Assessed Property Tax Rate Property Value Rate Value Tax Due $342,900 74 5.1% $1.Whatare the conditions under Income Tax Act, ACT 896 forexpenditure to be allowed as a deduction when computingbusiness, employment or investment income?2.List5 allowable deductions from the assessable income3.Assumethat the written down value of assets in the pool 2 isGH 100 000 and the repairs and improvements is GH 20 000What will be the tax allowable expenses?4.Giventhat the assessable income for the company isGH 140 000 the finance cost is GH 90 000 and there is nocorresponding finance gain, what is the allowable expense?Using accrual basis, how much is the reportable gross income in 2021? A. 8,000,000B. 9,000,000C. 11,000,000D. 12,000,000
- From the following data, indicate the effect that the changes in the relevant items will have on the working capital:ParticularsJan 1, 2020Dec 31, 2020ParticularsJan 1, 2020Dec 31, 2020 Land4400068000Goodwill1300013000 Debentures2000025000Prepaid Expenses70300 Stock3000028000Bills Payable1500900 Machinery180000180000Bills Receivable30002000 Trade Creditors80005320Mortgaged Loan5000040000 Cash290009000Equity Share Capital100000120000 Long Term Investments100006250Preference Share Capital12000075000 Accrued Expenses350160Trade Debtors1900020000 Short-term Debt32205170 Your answer must indicate the overall and individual effect of changes in relevant items.2-7. The taxpayer is a real estate dealer Consideration on the sale, per deed of sale Zonal value Fair market value in the assessment rolls P4,000,000 4,200,000 4,500,000 Payments, as follows: May 5, 2018 (date of sale) November 9, 2018 May 5, 2019 November 5, 2019· Value-added tax shown in the deed of sale? Output value-added tax on May 5, 2018 col- lection? 500,000 500,000 1,500,000 1,500,000WHat is the Fixed Assets Turnover Ratio ? given Noncurrent Assets Equity securities - at fair value through other comprehensive income 8, 21 16,267,140 Due to related parties - noncurrent portion 8, 21 347,927,681 Property and equipment - net 9 6,390,497,964 Deferred tax assets 19 64,994,497 Retirement benefits asset 18 16,267,140 Other non-current assets 10, 21 30,221,963 Available for sale investment 10 - Total Noncurrent Assets 6,849,909,245 Revenue 2,104,932,423
