When calculating the long term capital gain on the sale of the property, it is important to make sure adjustments are made from the original date of purchase and when the land was gifted.
To solve:
Adjusted amount = Original purchase amount + (gift tax X difference in what the land was worth/original land worth amount)
Adjusted amount = $20,000 + ($40,000 X $80,000/$100,000)
Adjusted amount = $52,000
Land owned for $200,000
Adjust amount is $52,000
$200,000 - $52,000 = $148,000
The long-term capital gain on the property is $148,000.
Answer:
$30,000
Explanation:
The computation of the royalty revenue reported is shown below:
= Patent-related sales for the year × given percentage
= $300,000 × 10%
= $30,000
The revenue is recognized when it is earned or realized so only $30,000 is to be reported as the royalty revenue
The remaining amount i.e $20,000 would be treated as an unearned royalty revenue
Answer:
The balance of Allowance for Uncollectible Accounts, after adjustment, will be $2,100.
Explanation:
Allowance for Uncollectible Accounts = Allowance for Uncollectible Accounts prior to adjustment + Current year's Allowance
Allowance for Uncollectible Accounts = $1,000 + $1,100
Allowance for Uncollectible Accounts = $2,100
So, The balance of Allowance for Uncollectible Accounts, after adjustment, will be $2,100.
This would be called representative money because the token itself is worth money as well as the commodity <span />
Answer:
Supply chain management
Explanation:
Managing the supply chain relates to maintaining the day-to-day operations related to the goods and services.
The goal is to turn the raw material into the finished goods by going through the manufacturing work cycle so that the product is ready to be sold and shipped to the consumer with specified time and exact location.
In turn, it also focuses on achieving a strategic edge and increasing customer satisfaction.
