Answer:
The answer is: B) $24,000
Explanation:
This type of exchange is classified as a like-kind exchange (1031 exchange); it is a transaction that allows a company to dispose an asset and acquire another replacement asset without generating a tax liability from the sale of the replaced asset.
$40,000 (replacement asset) + $4,000 (cash paid) - $20,000 (replaced asset) = $24,000
Answer:
Chemical Mines
The most likely outcome of this situation given that some shareholders are happy with the existing management is:
A) proxy fight for control of the board.
Explanation:
Proxy fight is a competitive struggle that shareholders of Chemical Mines can engage in to support their factional sides by using proxy votes to gain control of the board of directors, thereby stirring decisions to their sides. Proxy votes are the votes of shareholders elected to represent the absentee shareholders by those present at the annual general meeting, where directors can be appointed.
Answer:
$246,287.86
Explanation:
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate = 7/4 = 1.75%
N = number of years = 4 x 3 = 12
$200,000( 1.0175)^12 = $246,287.86
Answer:
b $18.50
Explanation:
We have to divide the Procurement cost pool over the total number of order which is the cost driver of this activity.
<em><u>Cost pool:</u></em> 370,000
Disk drives purchase orders: 4,000
Tape drivers purchase orders: 4,000
Wire drivers purchase drives: <u> 12,000 </u>
<em> Total purchase order 20,000</em>
Now, we know the variables values so we can calculate the rate:
$370,000 cost pool/ 20,000 purchase order = $ 18.5
Mr. Simpson has the rights to remove the limb from his property because although the tree is residing in Mr. Jones' property, it does not mean that Mr. Simpson has no rights when the limbs of the tree has occupied his lot. He has the right to do so because the limbs are in his lot, which means he could also has the right to do what he wants with it. If the limbs of the tree was not on his property, then it is only right that he does not meddle with the tree or remove it.
