Answer:
$150000
Explanation:
Solution
The first step to take is to calculate the recognized gain.
Given that:
the outside basis = $100,000
Cash =$10,000
The fair market value of the boot manufacturing company is = $260,000
Now,
The Recognized gain is stated as follows:
The Fair Market Value - (Outside Basis + Cash)
= $260000 - ($100000 + $10000)
= $260000 - $110000
= $150000
Therefore her calculated gain is $150000
Answer:
$26.923
Explanation:
Biweekly payment means payments every 14 days or 2 weeks. One year has 52 weeks. Mark is paid 26 times per year
if the company pays 90% of $7000, then Mark pays 10% of $7000
Mark pays = 10/100 x $7000
=0.1 x $7000
=$700
The amount of $700 is spread over 26 weeks.
Each paycheck, Mark will be deducted
=$700/26
=$26.923 per check
Answer:
a. $969,000
Explanation:
Calculation for what The total product cost is
TOTAL PRODUCT COST
Direct Material Used $264,000
Direct Labor $300,000
Factory Overhead $405,000
Total Product Cost $ 969,000
($264,000+$300,000+$405,000)
Therefore The total product cost is $ 969,000
Answer: 15.68%
Explanation:
Mr. Warner's cost of not taking the cash discount will be calculated as:
= (3%/100% - 3%) × (360/85 - 14)
= (3%/97%) × (360/71)
= 0.0309278 × 5.0704225
= 0.156817
= 15.68%
Mr. Warner's cost of not taking the cash discount is 15.68%
Answer:
The Completed lost of Library is
Explanation: $1224880
Solution
Given that:
Amount Period Average expenditure
Accumulated
expenditure Jan 1 735000 9/9 735000
Feb. 28 99000 7/9 77000
Apr. 30 189000 5/9 105000
Jul. 1 45000 3/9 15000
Sept. 30 73000 0 0
Average Accumulated
expenditure 1141000 932000
Interest to be capitalized = 932000*12%*9/12= $83880
The Completed lost of Library = 1141000+83880= $1224880
