Answer:
A. $270,000 gain
B. $240,000 gain
Explanation:
A. Calculation to determine the tax consequences to Oriole Corporation on the distribution of the land
Tax consequences=$520,000 – $250,000
Tax consequences=$270,000 gain
Therefore Oriole will recognize a $270,000 gain on the distribution
B. Calculation to determine the tax consequences to Oriole on the distribution
Tax consequences=$490,000 – $250,000
Tax consequences= $240,000 gain
Therefore Oriole will recognize a gain of $240,000 on the distribution.
Answer:
$1,522
Explanation:
For computing the future value, first we have to determine the simple interest which is shown below:
= Principal × rate of interest × time period
= $1,000 × 5.8% × 9 years
= $522
Now the future value would be
= Principal amount + Simple interest
= $1,000 + $522
= $1,522
First, we simply applied the simple interest formula then we compute the future value by adding the principal amount and the simple interest
Answer:
The correct answer are $525, $525, $570 and $675 respectively.
Explanation:
According to the scenario, the computation of the given data are as follows:
Collection period = 45 days
Days in one quarter = 90 days
So, Amount collected during the quarter = ( 90 - 45) / 90 = 1/2 of current sales + Beginning Accounts receivables
So, we can calculated the cash collection as follows:
Q1 Q2 Q3 Q4
Beginning A/c. receivables $270 $255 $270 $300
Sales $510 $540 $600 $750
Cash Collections $525 $525 $570 $675
Ending A/c Balance $255 $270 $300 $375
Note: Ending balance is the beginning balance for next quarter.
Identification of an investment option is the first step of the financial evaluation process for capital budgeting.
<h3>What is capital budgeting?</h3>
The term capital budgeting has to do with the fact that a business would decide to undertake certain projects that they consider to be very major.
The first step to doing this is to identify a major investment option for the business.
Read more on capital budgeting here: brainly.com/question/7442083
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Answer:
One example of intangible business property protected by law and which an entrepreneur should consider when starting up a business is a trademark. A trademark is a recognizable symbol, phrase, or word that can be used to distinguish a specific product or business from other similar products or businesses. Trademarks are legally registered and cannot be used by any other person or business. Trademarks with copyrights, and patents are generally classified as intellectual property. These intangible assets are individually created and legally protected from infringement or theft.
Explanation:
Intangible business property can include any non-physical asset that possesses some commercial value. Some relevant examples of intangible business property or assets include patents, copyrights, life insurance contracts, securities investments, and partnership interests.
