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Pavel [41]
3 years ago
5

During the current year, Ethan performs personal services as follows: 800 hours in his information technology consulting practic

e, 625 hours in a real estate development business, and 510 hours in a condominium leasing operation. He expects that losses will be realized from the two real estate ventures while his consulting practice will show a profit. Ethan files a joint return with his wife whose salary is $125,000. The income and losses from the following ventures is considered active and not subject to the passive loss limitations:
A. Only the information technology consulting practice.
B. Only the information technology consulting practice and the real estate development business.
C. Only the information technology consulting practice and the condominium leasing operation.
D. All three of the ventures are considered active and not subject to the passive loss limitations.
E. None of the above.
Business
1 answer:
olya-2409 [2.1K]3 years ago
3 0
A only the information technology consultant practice
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A company produces 11,900 units of which 200 are spoiled units because the​ process, even though carefully and efficiently execu
Andre45 [30]

Answer:

Normal spoilage rate = 1.6978% (Approx)

Explanation:

Given:

Total unit produce = 11,900 units

Normal spoil unit = 200 units

Abnormal spoil unit = 120 units

Total normal unit produce = 11,900 - 120 = 11,780

Computation of normal spoilage rate:

Normal spoilage rate = Normal spoil unit / Total normal unit produce

Normal spoilage rate = 200 / 11,780

Normal spoilage rate = 0.0169779287

Normal spoilage rate = 1.6978% (Approx)

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3 years ago
The Rivoli Company has no debt outstanding, and its financial position is given by the following data:
anzhelika [568]

Answer:

Intrinsic value is $45

Explanation:

The starting point to determining Rivoli Company intrinsic value is to compute the earning after tax as shown below:

Earnings after tax=earning before tax*(1-tax rate)

earnings before tax is $600,000

tax rate

earnings after tax=$600,000*(1-0.25)

                               =$600,000*0.75

                               =$450,000

Then we need to compute earnings per share;

Earnings per shares=earnings after tax/weighted average number of shares

                                 =$450,000/100,000

                                =$4.5

Intrinsic value=earnings per share/cost of equity

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intrinsic value=$4.5/10%

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7 0
3 years ago
Prompt
Law Incorporation [45]

Answer:

Could you please be specific with your question?

Explanation:

8 0
3 years ago
The following is the adjusted trial balance of Wilson Trucking Company.
Troyanec [42]

Answer:

<u>PART 1:</u> Wilson Trucking Company reported Net Income of $15,854  for the year ended December 31, 2017.

<u>PART 2:</u> As per the statement of changes in equity, K. Wilson Capital Account Balance as at December 31, 2017 is $190,124

* Please note that figures in brackets represent negative values.

Explanation:

<u>PART 1</u>    

                                           Wilson Trucking Company

                     Income Statement for the year ended December 31, 2017

<u>Revenue </u>

Trucking Fees                                                         $115,500  

<u>Less Expenses:</u>  

Depreciation expense of Trucks                                  $(26,043)

Salaries expense                                                          $(54,170)

Office supplies expense                                          $(9,500)

Repairs expense -Trucks                                          $(9,933)

 

Net Income                                                                 $15,854  

 

<u>PART 2</u>  

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     Statement of changes in Equity for the year ended December 31, 2017

K. Wilson Capital Account Balance as at December 31, 2016  $193,270  

Add: Net Income for the year                                                          $15,854  

Less: K. Wilson withdrawals during the year                                  $(19,000)

K. Wilson Capital Account Balance as at December 31, 2017  $190,124  

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