Answer:
A
Explanation:
M2= 60+70+50+220+80= $480
hence option A is correct
MZM = $480-80+100= $500
Given that Daniel spent months writing a business plan, this goes to show that Daniel understands the steps needed to start a small business.
<h3>What is a business plan?</h3>
This is a plan that shows the details of a business company. The document shows the objectives that the company has.
This document also tells how the business plans to go about achieving all the goals that it has set for itself.
Read more on business plans here:brainly.com/question/25311149
Answer:
C) $0 $285,000
Explanation:
The §121 exclusion establishes that homeowners can exclude from their capital gains taxes the sale of their property for a maximum of $250,000 gain (or $500,000 for joint filers) if they meet two criteria:
- they owned the property for at last 5 years
- they use the property as main residence for at least 2 years (they can aggregate time periods).
So if Eric and Katie use the §121 exclusion they wouldn't pay any capital gains tax ($500,000 is higher than $375,000).
If they decide to forgo the §121 exclusion, then they will have to pay taxes for a gain of:
capital gain = net sale price - asst basis
capital gain = ($375,000 - $10,000) - $80,000 = $365,000 - $80,000 = $285,000
On July 15, there is pending 6000 on the cash account.
Then on July 20, Cajon Co. returns the merchandise of 1000, so the pending cash decreases and now it is only 5000.
Afterwards, on July 24, Cajon paid for the merchandise. Since the credit terms is 2/10, 2 percent discount will be given if they paid within 10 days. So 5000 multiplied by . 02 = 100. 5000 - 100 = $4900 is the amount of cash received.
