Answer:
Gain = $400,000
Explanation:
The capital gain or loss from the sale of building can be computed as follows,
Purchase price = 600,000
Depreciation = 200,000
Sale price = 800,000
Gain/Loss = Sale price - (Purchase price - depreciation )
Gain = 800,000 - (600,000 - 200,000)
Gain = $400,000
The building is sold for $400,000 more than its net book value.
Hope that helps.
Answer:
Answer explained below
Explanation:
GIVEN:
options issued = 1000
exercise per share = $6
market price = $20
net income = $50000
a) Diluted earnings per share
= (Total income - preference dividends) /( outstanding shares + diluted shares)
Amount paid towards shares = Options issued * Exercise price per share = 1,000 * 6 = $ 6,000
Value of options = Amount paid towards shares / Current market price = $ 6,000 /$ 20 = 300
Diluted shares = Options issued - value of options = 1000 - 300 = 700
So Diluted Earnings per share = ( 50,000) / ( 10,000 +700) = $ 4.67 per share.
b) Calculation of diluted shares 700 (same as above )
Weighted average for the period holding i.e, 3 months = 700 *3/12 = 175 shares increased during the period.
Diluted EPS = 50,000 /(10,000 +175) = $ 4.91 per share
Answer:
$117,000
Explanation:
All costs incurred in manufacturing a product are recorded in the Work in Process Account. The Debit entry on this Account shows the increase in costs and the credit entry shows the transfer of goods to Finished Goods Inventory
So the Work In Process Account must be debited with the Total labor Cost incurred of $117,000 ($106,000 direct labor + $11,000 indirect labor)
Conclusion :
The proper journal entry to record these events would include a debit to Work in Process for $117,000
The state has extensive authority to determine what goods and services are produced and in what quantities under centrally planned socialism.
A Centrally Planned Economy: What Is It?
A centrally planned economy, commonly referred to as a command economy, is a form of capitalism where decisions about the production and distribution of goods are made by the government. Market economies, where these decisions are the consequence of hundreds of choices made by producers and consumers, are different from centrally planned economies.
Although individual businesses may occasionally be brought into economic planning, state-owned corporations produce goods and services in planned economies frequently. In most cases, a centralized bureaucracy determines the costs, salaries, and production schedules.
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the last one a manicurist who works from home or at a clients house
