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
ser-zykov [4K]
3 years ago
11

Question 6 (multiple choice)

Business
2 answers:
belka [17]3 years ago
7 0
I got D as my answer.
Tasya [4]3 years ago
3 0
It may be A but if it isn't I'm sorry
You might be interested in
Gordon purchased real estate for $900,000 and listed title to the property as "Gordon and Fawn, joint tenants with right of surv
xeze [42]

Answer:

a. Gordon made a gift when the real estate was purchased of <u>$450,000</u> to Fawn.

Since Gordon gave 50% of the real estate to his sister as a gift when he purchased it, the gift must be valued at the time it happened ($900,000 x 50%)

b. Gordon's estate must include <u>$2,900,000</u> as to the property.

Gordon purchased all the real estate by himself, so his estate must include the value of the whole property.

c. How would the estate tax consequences change if it was Fawn (not Gordon) who died?

Fawn's estate would include <u>$0</u> as to the property.

Since Fawn didn't buy the property, her estate cannot include any amount of it.

7 0
3 years ago
If a company has excess capacity, increases in production level will increase variable production costs but not fixed production
den301095 [7]

Answer; True

Explanation;

When a company has excess capacity, it means that potentially it could produce more than it is producing at the moment. As this potential already takes into account the fixed costs, this means that given the fixed costs it currently has, more goods could be produced on those same fixed costs and they wouldn't increase.

Increasing production level would therefore only increase variable costs which rise whenever production rises as they are directly related to the production of goods.

6 0
3 years ago
Cost ConceptOn February 3, Clairemont Repair Service extended an offer of $360,000 for land that had been priced for sale at $40
guajiro [1.7K]

Answer:

The land should be recorded in Clairemont Repair Service’s records at $380,000

Explanation:

According to the historical cost principle, the recording of the fixed assets should be recorded at the purchase price or cost price which is to be shown in the assets side under the balance sheet.

So, according to the question, on February 28, the repair service accepted the seller's counteroffer which means that the land was purchased on February 28 for $380,0000. So, by $380,000 amount, the land would be recorded.

Other costs which are mentioned in the question is ignored.

7 0
3 years ago
Which of the following statements is true?a. Using accelerated depreciation rather than straight line would normally have no eff
IRISSAK [1]

Answer:

The correct answer is letter "A": Using accelerated depreciation rather than straight line would normally have no effect on a project's total projected cash flows but it would affect the timing of the cash flows and thus the NPV.

Explanation:

Accelerated depreciation is a form of accounting and taxation used in the first years of an asset to allow greater deductions. On the other hand, the deductions are distributed evenly throughout the life of the asset using the Straight-line Depreciation method. Accelerated depreciation facilitates higher expenses to be incurred during the first years of an asset while in use, and lower expenses years later, as long as the asset depreciates.

In that sense, when it comes to the total projected cash flow of a company on a project, neither the accelerated depreciation or the straight-line method would affect it but both of them have impact on the timing of the cash flows since accelerated depreciation demands higher expenses since the beginning of the possession of the assets while the straight-line method keeps the expenses steady. Both, also affect the net present value (NPV) of the company since with the accelerated depreciation the cash flow will be less and with the straight-line method it should be constant.

7 0
3 years ago
Miracle Company purchased treasury stock with a cost of $15,000 during 2013. During the year, the company paid dividends of $20,
kodGreya [7K]

Answer:

The correct answer is option (b) $831,000 net cash inflow.

Explanation:

Solution

Recall that:

Company miracle bought stock treasury with a cost of = $15,000

Dividends paid =  $20,000

Bond issued =$ 866,000

Now,

The cash flow from financing activities is calculated as follows:

Bonds payable -Purchased treasury stock - Dividend paid

$866,000 - $15,000-$20,000

= $831,000

Therefore, The net cash flow is $831,000

6 0
3 years ago
Other questions:
  • Sanchez Company's output for the current period was assigned a $419,000 standard direct labor cost. The direct labor variances i
    15·1 answer
  • A company purchased inventory for $ 2 comma 000 from a vendor on​ account, FOB shipping​ point, with terms of 2​/10, ​n/30. The
    6·1 answer
  • Which of the following government offices help individuals fund their college education?
    11·2 answers
  • Tammy wants to track her spending in categories. What tool should she use? Saving and investing plan, net worth statement, budge
    12·2 answers
  • LO 8.5Identify several causes of a favorable material quantity variance.
    13·1 answer
  • In September 2010, the NBER's Business Cycle Dating Committee decided that the recession that began in December of 2007 had ende
    14·1 answer
  • Parsley, a world-famous chef, signs a contract to give lessons in French cooking to Curry. Parsley wants to transfer his duties
    15·1 answer
  • If 1200 dollars is invested at an annual interest rate r compounded monthly, the amount in the account at the end of 3 years is
    7·1 answer
  • On January 1 of the current year, Barton Corporation issued 11% bonds with a face value of $99,000. The bonds are sold for $94,0
    10·1 answer
  • Omg Guys! I have pictures of Elsa's feet!! If it doesn't load in just try turning your device on and off or resetting your wifi!
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!