The damages to personal residence from hurricane in a federal disaster area would produce a deductible loss in 2022.
<h3>What losses are deductible under business?</h3>
The deductible loss must have occurred within the tax year and not have been covered by insurance. If the taxpayer suffers a loss due to a casualty or theft of their personal, household, or living property, the loss must be the consequence of an identifiable, harmful, swift, unexpected, and unusual event.
The loss must be ancillary to the operation of the assessor's business and must result directly from, grow out of, or be related in some way to that activity. No restriction on its deductibility should be stated in the Income Tax Act's requirements.
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B
Because the marketing company undertook the payroll service company as a cost cutting measure.
Answer:
1. inventory turnover: 10 times
2. Average daily cost of goods sold: $536 per day
3. Number of days’ sales in inventory: 36.5 days
Explanation:
Inventory turnover ratio an efficiency ratio that indicates how many times a company sells and replaces its stock of goods during a particular period
Inventory turnover ratio is calculated by using following formula:
Inventory turnover ratio = Cost of Goods Sold/Average Inventory
In there:
Average Inventory = (Inventory beginning of year + Inventory end of year )/2
In the company:
Average Inventory = (20,500 + 18,628)/2 = $19,564
Inventory turnover = $195,640/$19,564 = 10 times
Average daily cost of goods sold = $195,640/365 = $536 per day
Number of days’ sales in inventory = (1/10)x365 = 36.5 days
Answer:
11.20 %
Explanation:
Solution
Recall that,
Exxon-Mobil Corp. has a dividend payout ratio = 60%
The expected earnings per share = $6
The price of stock currently = $72
ROE = 13%
The rate of growth = 6.2%
Now,
Based on DCF Model, we have define the following
The Stock Price = Expected Dividend in Year 1/(Cost of Retained Earnings – growth rate) =
Thus,
72 = 6*60%/(Cost of retained Earnings-6.2%)
The Retained cost of Earnings = 11.20%
Therefore, the cost of retained earnings is 11.20 %
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