Answer:
The amount of loss that Albert can claim in 2020 is limited to:
= $3,000.
Explanation:
a) Data and Calculations:
2017 Purchase cost of the tract of land = $140,000
Speculated price of the land = $200,000
Highway engineers-determined value = $180,000
2020 Value of the land after the project was abandoned = $100,000
The total amount of capital loss = $40,000 ($140,000 - $100,000)
The total amount of capital loss that Albert can claim in any tax year is limited to $3,000. The remaining amount of the capitalloss that he incurred in 2020 will be carried forward.
Answer:
d) $4.00.
Explanation:
Net Income = $34,000
Common shares outstanding = 8,500 shares
Earning Per share = Net Income for the period / Common shares outstanding
Earning Per share = $34,000 / 8,500 shares
Earning Per share = $4 per share
The company's earnings per share is $4.
Divided declared has nothing to do in the calculation of Earning per share because we just measure the earning against each share which involves net income and number of outstanding shares only.
Answer:
the overhead cost assigned to Job 971 is $1,020
Explanation:
The computation of the overhead cost assigned to Job 971 is shown below:
= Budgeted Machine overhead cost ÷ Number of set up
= $13,200 ÷ 390
= 34
Now the overhead cost assigned is
= 30 setups × 34
= $1,020
hence, the overhead cost assigned to Job 971 is $1,020
Therefore the last option is correct
Answer
It’s not accurate but...,
Entrepreneur is an individual who creates business
Bearing most of the risks and enjoying most of the reward
Commonly seen as an innovator, a source of new ideas, goods, service and business
Hope it helps at least a little
Sorry if it’s not correct or useless
Complete Question:
An important basic characteristic of common stocks that makes them a suitable type of investment for the separate account of variable annuities is:
Group of answer choices
A) the safety of the principal invested.
B) changes in common stock prices tend to be more closely related to changes in the cost of living than changes in bond prices.
C) the yield is always higher than mortgage yields.
D) the yield is always higher than bond yields.
Answer:
B) changes in common stock prices tend to be more closely related to changes in the cost of living than changes in bond prices.
Explanation:
An important basic characteristic of common stocks that makes them a suitable type of investment for the separate account of variable annuities is changes in common stock prices tend to be more closely related to changes in the cost of living than changes in bond prices.
Generally, common stocks are considered by financial experts or broker-dealers to be a suitable type of investment of variable annuities because the prices of common stocks in the market are not fixed and as such they are affected by economical changes such as inflation or recession.
