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Vladimir79 [104]
3 years ago
10

LO.9 Renata Corporation purchased equipment in 2017 for $180,000 and has taken $83,000 of regular MACRS depreciation. Renata Cor

poration sells the equipment in 2019 for $110,000. What is the amount and character of Renata’s gain or loss?
Business
1 answer:
Pani-rosa [81]3 years ago
7 0

Answer:

It will be considered a long-term capital gains as Renata Corporation holded for a priod of time longer than a year.

The gain will be the difference between tax basis (cost - tax purporse depreciation) which amount to $13,000

Explanation:

selling price           110,000

180,000 - 83,000 = 97,000 tax basis

long.term capital gain 13,000

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g Financial statements are linked within and across periods in that a) The income statement and the balance sheet are linked via
Annette [7]

Answer:

Financial statements are linked within and across periods in that

d) All of the above.

Explanation:

The linkage of all the financial statements can be traced to how they share interconnected information about the financial position and performance of an entity.  The three more prominent financial statements include the income statement for the period, the statement of cash flows, and the balance sheet.  While the income statement shows the financial performance by determining the profitability, the statement of cash flows concentrates on the inflow and outflow of cash, and the balance sheet shows the financial position, disclosing the assets, liabilities, and equity balances.

7 0
3 years ago
Think of two methods used to improve productivity in business. Discuss your reasons for choosing these methods
Andrej [43]

Answer:

Actually we have 2 method of launching a product. First simultaneously which isn't the best way. Second is sequentially in one market after anther. And this method seems to be more useful than others.

6 0
3 years ago
g Because of the downward sloping demand curve, a monopolist can increase its revenue is by ________. Group of answer choices on
guapka [62]

Answer:

only increasing price on its goods

Explanation:

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

A natural monopoly occurs due to the high start-up costs or a large economies of scale.

Natural monopolies are usually the only company providing a service in a particular region  

Because the demand curve for a monopoly is downward sloping, marginal revenue is less than price. As prices fall, more units of the product are bought.

In a monopoly When the average cost is falling, the marginal cost lies below the average cost. If the government sets price to be equal to marginal cost, which lies below the average cost, the monopoly would incur losses

5 0
3 years ago
Rutgers Industries has the following inventory information for 2019: Jan 1 Beginning Inventory 240 units at $100 per unit June 1
timofeeve [1]

Answer:

$86,000

Explanation:

FIFO means first in, first out. It means that the first purchased inventory is the first to be sold.

This means thay the 500 units sold would be taken from the earliest purchased inventory and the ending inventory would be the most recently purchased inventories.

Ending inventory = (80 × $150) + (370 × $200) = $12,000 + $74,000 = $86,000

I hope my answer helps you

4 0
3 years ago
Stacey purchased 300 shares of Coulter Industries stock and held it for 4 months before reselling it.
Rainbow [258]

Answer:

The value of m is Three (3)

Explanation:

The annualized return or annual return on investment s the percentage that tells you how much an investment has increased in value on average per year over a period of time.

Annual return can be a preferable metric to use over simple return when you want to evaluate how successful an investment has been or to compare the returns of two investments you've held over different time frames on equal footing.

Now, to calculate the annual returns,

We look up the current price and  purchase price.

If the stock has undergone any splits, make sure the purchase price is adjusted for splits. If it isn't, you can adjust it yourself. For example, if you held a stock for 4 years, during which time it has had a 2:1 and a 3:1 split, then you can calculate your split-adjusted purchase price by dividing your purchase price by 6 (2 x 3).

Then we calculate the simple return percentage

After which we go ahead to annualize it.

3 0
4 years ago
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