1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anit [1.1K]
2 years ago
11

XYZ Inc. has the following net income before any application of any net operating losses: 2016 $9,000 Net income 2017 $12,000 Ne

t income 2018 ($20,000) Net income 2019 $10,000 Net income 2020 $6,000 Net income What is the income for 2019 after applying any applicable NOL?
Business
1 answer:
Evgesh-ka [11]2 years ago
3 0

Answer:

$9000

Explanation:

The income for 2016 is $ 9,000, there would not be any application of net operating losses as the loss has been incurred in 2018. Net operating loss cannot be applied to previous years profit. Hence, 2016 income would remain at $ 9,000.

Net operating loss of 2018 can be applied against the income of future years i.e. income of the year 2019 and 2020.

You might be interested in
Teddy's Pillows had beginning net fixed assets of $471 and ending net fixed assets of $550. Assets valued at $319 were sold duri
photoshop1234 [79]

Answer:

Net Capital Spending = $121

Explanation:

The Net Capital Spending is the amount of money a company spends in the acquisition of fixed assets during the year. Mathematically, it is represented as:

Net Capital Spending = Ending net fixed asset - Beginning net fixed asset + depreciation

Net Capital Spending = 550 - 471 + 42 = $121

∴ Net Capital Spending = $121

3 0
2 years ago
G according to the neoclassical theory of distribution, the real wage earned by any worker equals that worker's marginal product
alexgriva [62]
<span>A. According to the neoclassical theory, technical progress that increases the marginal product of farmers causes their real wage to rise. B. The real wage in (a) is measured in terms of farm goods. That is, if the nominal wage is in dollars, then the real wage is W/PF, where PF is the dollar price of farm goods. C. If the marginal productivity of barbers is unchanged, the their real wage is unchaged. D. The real wage in (c) is measured in terms of haircuts. That is, if the nominal wage is in dollars, then the real wage is W/PH, where PH is the dollar price of a hair-cut. E. If workers can move freely between being farmers and being barbers, then they must be paid the same wage W in each sector. F. If the nominal wage W is the same in both sectors, but the real wage in terms of farm goods is greater than the real wage in terms of haircuts, then the price of haircuts must have risen relative to the price of farm goods.</span>
6 0
3 years ago
The investments of Steelers Inc. include a single investment: 42,730 shares of Bengals Inc. common stock purchased on September
Inga [223]

Answer:

Explanation:

A. The journal entries are shown below:

On September 12

Investment A/c - Bengals Inc A/c Dr $598,220   (42,730 × $14)

          To Cash A/c                                     $598,220

(Being the acquired investment including brokerage commission is recorded)

On December 31

Unrealized gain or loss on available-for-sale securities A/c Dr $85,460            

            To Valuation allowance for available-for-sale securities $85,460

(Being decline in share value is recorded)

The computation is shown below:

= 42,730 shares × ($14 per share - $12 per share)

= 42,730 shares × $2 per share

= $85,460

B. The unrealized gain or loss for available-for-sale investments is shown in the Stockholder equity section on the balance sheet. It is to be shown in the negative item in the equity section.

7 0
2 years ago
In a given time period, a person consumes more and more of a good or service and, as a result, enjoys each additional unit less
Natalka [10]
I believe the right answer is c
3 0
3 years ago
Eskimo​ joe's sells​ branded, ready-to-wear​ clothing, hats, drink​ ware, coasters, and other products directly to end consumers
Leokris [45]
<span>These product categories represent the breadth of Eskimo Joe's product assortment. The breadth of product assortment refers to the amount of product lines, not necessarily the amount of a single product. Here, Eskimo Joe's frequently sells different product lines (clothing, hats, etc.). Thus, these categories represent the breadth of his assortment.</span>
8 0
2 years ago
Other questions:
  • Your grandfather tells you that he earned $7,000/year in his first job in 1961. You earn $35,000/year in your first job in 2016.
    11·1 answer
  • Which of the following stages of the new-product development process is the first filter, which serves to eliminate new-product
    14·1 answer
  • Ford Motor Company bonds have 20 years remaining to maturity. Interest is paid annually, they have a $1000 par value, the coupon
    12·1 answer
  • The Covington Engine Company is considering opening a new plant facility to build truck engines. As part of a detailed analysis
    7·1 answer
  • A firm just paid a dividend of $6 per share. Next year the dividend is expected to grow 8 percent, thereafter 10 percent forever
    12·1 answer
  • For traditional retailers selling physical goods, _____ is the biggest constraint limiting a firm's ability to offer customers w
    14·1 answer
  • Which of the following best describes a valuable asset used to secure a loan from a lender?
    5·1 answer
  • Jose opened a Premier account at City National Bank of Iowa with a minimum required deposit of
    6·1 answer
  • Anyone wants to talk with me
    6·2 answers
  • The​ ________ view of social responsibility is that managers today are employees with a primary responsibility to shareholders a
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!