Answer:
8050
Explanation:
he amount of income before taxes under the LIFO assumption would be:
8050 calculated as follows:
Income tax under FIFO: 7000*.30 = 2100
Income Tax under LIFO = 2100 + 315= 2415
Income before taxes under LIFO = 2415/.30 = 8050
Answer: A home equity loan can be risky because the lender can foreclose if you don’t make your payments. <em><u>The following statement is true. </u></em>
But the foreclosure depends on the value of your home. Defaulting on a home equity loan could result in a foreclosure. The home equity lender does depends on the value of your home. If you have equity in your home, your lender is more likely to start foreclosure, since it has a seemingly great chances of recovering some of its money. The more equity, the more likely your lender will choose to foreclose.
140000x-14000 to at time of sale this is a step to help you
Answer: assumed converted only if they are dilutive.
Explanation:
Diluted Earnings per Share is a calculation that is used to determine the quality of the earnings per share if a company when all the convertible securities are taken into consideration.
It should be noted that convertible securities are the outstanding stock options, convertible preferred shares, warrants and convertible debentures. During computation, the convertible bonds will be treated to be assumed converted only if they are dilutive.
Answer:
Economic Profit of Victor would amount to -$25,000
Explanation:
The formula to compute the economic profit is as follows:
Economic Profit (EP) = Total Revenue - (Opportunity Cost + Explicit Cost)
where,
Revenue is $150,000
Opportunity Cost is $100,000
Explicit Cost is $75,000
By putting the values in the formula
EP = $150,000 - ($100,000 + $75,000)
= $150,000 - $175,000
= -$25,000