Answer:
The answer is 50.000 dollars
Explanation:
When a corporation completely liquidates, the corporation wil recognize a gain or loss as if the property were sold at fair market value.
Amount realizes as if sold $150,000
Less: Adjusted basis $ 100,000.
Equals: $50,000, which is the recognized capital gain.
Answer:
1. $3,067
2. B) $129,127.
Explanation:
a. The computation of amount deposit in transit is shown below:
The amount of deposit in Transit = Balance as per Cash Book as on 30th Sept - Cheque outstanding realized - Bank charges - Balance as per Bank Book
= $12,596 + $6740 - $16 - $16,253
= $3,067
Deposit in Transit inflates the general ledger initially till it is credited in the bank book.
b. The computation of balance should Cardinal's Cash account show
Cash Account should show a balance = Bank Statement Balance as on May 31 - Outstanding Cheque on May 31
= $180,974 - $51,847
= $129,127
As we can see that the cash account balance is less because there is an outstanding
Complete Question:
Context, content and culture are:
O Important ethical concepts
O Important marketing concepts
O Corporate ethics policy
O Three dimensions of evaluating corporate gifts.
Answer:
Context, content and culture are:
O Three dimensions of evaluating corporate gifts.
Explanation:
Corporate gifts may turn out to be regarded as bribery if they are meant to induce the other party to alter their behaviors. This is why in evaluating corporate gifts, the criteria have always included the context (the circumstances in which the gifts are given), the content (how much is given), and the culture (the accepted general practice in a particular industry, locality, or region). Generally, corporate gifts are given either as means of showing appreciation, creating positive first impression, or returning some favors.
Answer:
January:
Total overhead= $11,948
February:
Total overhead= $11,360
March:
Total Overhead= $13,302.5
Explanation:
Giving the following information:
Budgeted direct labor hours for the first 3 months of the coming year are:
January= 13,140
February= 12,300
March 15,075
The variable overhead rate is $0.70 per direct labor hour. Fixed overhead is budgeted at $2,750 per month.
To calculate the total overhead for each month, we need to sum the total variable overhead and the fixed overhead. <u>Total variable overhead is the result of applying the variable overhead rate multiplicated with the direct labor hour.</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
January:
Total overhead= (0.70*13,140) + 2,750= $11,948
February:
Total overhead= (0.70*12,300) + 2,750= $11,360
March:
Total Overhead= (0,70*15,075) + 2,750= $13,302.5
Adam's license will be suspended or revoked. It's because he was determined to have used his license to obtain insurance for family members and because it was found that he was giving insureds rebates.
After being found guilty of a significant traffic infraction, failing a road test, or providing false information on a government form, a license is frequently cancelled. One of the best rights is the ability to drive, therefore it's critical to understand whether your license is suspended or revoked as well as your options if it is. An "Administrative Review Suspension" is a unique classification of suspension used in several jurisdictions. This is given to persons whose medical conditions make it risky for them to operate a motor vehicle. Before relieving the suspension, the DMV may occasionally require written confirmation from the physician.
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