Answer:
d. excise tax
Explanation:
Excise tax -
It refers to the tax , which is paid on certain type of goods and services , like the alcohol , tobacco , fuel , is referred to as excise tax.
These are basically for the business purpose and are the international level taxes , which is taken as soon as the person cross the boundary of the country.
These taxes are not noticed by the consumers directly.
Hence, from the given scenario of the question,
Janette is supposed to pay excise tax for gasoline and travel from airline.
<span>If an economy has just suffered a serious recession, we can conclude that the unemployment rate is high. After the recession when the real gdp is expanding, we can safely assume that more workers are needed to produce the gdp, which means that the unemployment rate will drop.</span>
Answer:
$45,000
Explanation:
Data provided in the question:
Selling cost of the furniture on May 1, 2015 = $300,000
Original cost of the machine on January 1, 2008 = $750,000
Depreciable Life of the furniture = 10 years
Salvage value = $75,000
Now,
Annual depreciation =
or
Annual depreciation =
or
Annual depreciation = $67,500 per year
The total duration from the date of purchase to date of selling
= 7 years 4 months
or
= 7 × 12 + 4 months
= 88 months
= years
therefore,
The total accumulated depreciation till the date of sale
= Annual depreciation × Duration
= $67,500 ×
= $495,000
Thus,
The book value on May 1, 2015
= Purchasing cost - Accumulated depreciation
= $750,000 - $495,000
= $255,000
Hence,
The gain recognized = Selling cost - Book value
= $300,000 - $255,000
= $45,000
Answer:
A)$570,000
Explanation:
Balance Sheet 2014
Cash $130,000
Accounts Receivable $100,000
Prepaid Insurances $60,000
Stock Investments $170,000
Inventory $110,000
TOTAL CURRENT ASSETS $570,000
Building $210,000
Depreciation -$40,000
Intangible Assets $140,000
Land $180,000
TOTAL ASSETS $1,060,000
Accounts Payable $140,000
Wages Payable $20,000
Mortgage Payable $160,000
TOTAL LIABILITIES $320,000
Common Stock $240,000
Retained Earnings $500,000
TOTAL EQUITY $740,000
TOTAL EQUITY + LIABILITIES $1,060,000
Answer:
10.27% and 9.11%
Explanation:
The computation is shown below:
Given that
Year Price Dividend Return
1 $43.55
2 $48.53 $.87 13.43%
3 $57.45 $.90 20.23%
4 $45.53 $.95 -19.90%
5 $52.45 $1.00 17.39%
6 $61.53 $1.08 19.37%
Total 51.34%
Now the arithmetic average return is
= 51.34% ÷ 5
= 10.27%
And, the geometric average return is
= ((1 + 13.4328%) × ( 1+ 20.2349%) × (1 - 19.9049%) × (1 + 17.3951%) × (1 + 19.3708%))^(1 ÷ 5) - 1
= 9.11%
Working Note:
Rate of Return from year 1-2 = (Ending Price - Beginning Price+Dividend) ÷ Beginning Price
= ($48.53- $43.55 + 0.87) ÷ $43.55
= 13.4328%
Rate of Return from 2-3 = ($57.45 - $48.53 + $0.90) ÷ $48.53
= 20.2349%
Rate of Return from 3-4 = ($45.53 - $57.45 + $0.95) ÷ $57.45
= -19.9049%
Rate of Return from 4-5 = ($52.45 - $45.53 + 1) ÷ $45.53
= 17.3951%
Rate of Return from 5-6 = ($61.53 - $52.45 + $1.08) ÷ $52.45
= 19.3708%