Answer:
$8,400
Explanation:
total commission = $300,000 x 8% = $24,000
50% co-brokerage split = $24,000 x 50% = $12,000
Walt's commission = $12,000 x 70% = $8,400
the 70% commission split between Walt and his broker means that Walt keeps 70% of the commission and the broker keeps 30%.
total commission is split between the two firms because the Walt's listing was sold by another firm.
Answer:
$ $
Net Income (137000*30%) (a) 41,100
Add:
Unrealized gains in the beginning inventory 40,000
Unrealized gains at the end of the year 25,000
Difference 15,000
(NCI in Unrealized gain (15,000*30%) (b) 4,500
Non-controlling interest's share of Devin's net income for 2012 ($41,100+$4,500) 45,600
Non-controlling interest's share of Devin's net income for 2012= $45,600
Explanation:
Answer:
a. Must have a good faith belief that the tax return position will be accepted by the IRS.
Explanation:
Certified Public Accountant (CPA) is a term used to refer to the state title of approved accountants in the Uniform Certified Public Accountant Examination. The CPA allows these professionals to issue opinion statements in financial reports, following a few rules. For example, the Tax Services Standards Statement No. 1 states that a basic principle of the provision of tax services that the CPA has is to have a good faith belief that the tax return position will be accepted by the IRS.
Answer:
Option (C) is correct.
Explanation:
Given that,
Actual direct labor hours = 8,200
Actual rate = $12.40 per hour
Original production = 1,100 units
Actual units produced = 1,000
Labor standards = 7.6 hours per completed unit
standard rate = $13.00 per hour
Labor time variance:
= (Standard hours - Actual hours) × Standard rate
= (1,000 × 7.6 - 8,200) × $13
= 7,800 Unfavorable
Answer:
The forecast inflation rate is implied by these interest rates is 1.13%
Explanation:
when dealing with inflation, we have that:
(1 + nominal interest rate) = (1 + real interest rate) * (1 + inflation rate)
1.0144 = 1.0031 * ( 1 + inflation rate)
inflation rate = 1.0144/1.0031 - 1
= 1.13%
Therefore, The forecast inflation rate is implied by these interest rates is 1.13%
