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mixer [17]
3 years ago
8

Carol sold her investment property for $450,000 and had $21,000 in closing costs. The property had a beginning basis of $312,000

, capital improvements of $34,000, and depreciation of $80,000. What was Carol's capital gain?
Business
1 answer:
MAVERICK [17]3 years ago
3 0

Answer:

$163,000

Explanation:

New adjusted basis for Carol's property will be

the Beginning basis plus capital gain minus depreciation

=$312,000  + 34,000 - $ 80,000

=$346,000 -$80,000

=$266,000

The net amount realized from the sale is

Selling cost minus closing costs

= $450,000 -$21,000

=$429,000

The capital gain will be the amount received - new adjusted basis

=$429,000 - 266,000

=$163,000

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Meat​ Packers, Incorporated​ (MPI) preserves and packages various kinds of meats for transportation to grocery stores. To prepar
Free_Kalibri [48]

Answer:

Variable cost=$750,000

Fixed costs=  $13,000

Explanation:

Giving the following information:

The firm must purchase ​$60 in raw meat and pay ​$50 in wages for labor and ​$40 in fuel costs. Also, the firm rents a factory for ​$10,000 per month and makes ​3,000 in monthly payments on meat packaging equipment. Suppose the firm prepares and transports 5,000 packages of meat per month.

Variable cost= raw meat + wages + fuel= (60 + 50 + 40)*5,000= $750,000

Fixed costs= rent + packaging equipment= 13,000

7 0
3 years ago
Compute the Work-In-Process transferred to the finished goods warehouse on April 30 using the following information:
Marina CMI [18]

Answer:

$910

Explanation:

Computation for the Work-in-Process transferred to the finished goods warehouse on April 30

Using this formula

Work-in-Process transferred to finished goods warehouse=Work-In-Process Inventory, April 1+(Direct materials used in production+Direct labor costs incurred +Manufacturing overhead costs)-Work-In-Process Inventory, April 30

Let plug in the formula

Work-in-Process transferred to finished goods warehouse=$270 + ($195 + $370 + $320) - $245

Work-in-Process transferred to finished goods warehouse=$270 +$885-$245

Work-in-Process transferred to finished goods warehouse= $910

Therefore the Work-in-Process transferred to the finished goods warehouse on April 30 is $910

8 0
2 years ago
Crocetti Corporation makes one product and has provided the following information to help prepare the master budget for the next
Andrew [12]

Answer:

The budgeted accounts receivable balance at the end of February is closest to: $4,500.

Explanation:

Prepare a Accounts Receivable Budget for January and February

                                              January           February      

Balance b/d                                $0                $4,200

Credit Sales                           $7,000             $7,500            

Cash Received (40%)           ($2,800)          ($3,000)

Cash Received (60%)                $0               ($4,200)

Balance c/d                           $4,200             $4,500

Conclusion:

Therefore, the budgeted accounts receivable balance at the end of February is closest to: $4,500

4 0
3 years ago
Pineapple whip, a company that makes an ice cream-like treat using pineapple, sells its branding, production techniques, and pro
rewona [7]

In this context, the Pineapple whip is engaged in a business arrangement called Franchising.

<h3>What is Franchising?</h3>

Franchising is a business arrangement where the franchisor (one party) grants some rights and authorities to the franchisee.

In this case, the , the franchisee will pays a fee to the franchisor because he is using the business's success, trademarks, proprietary knowledge etc.

In conclusion, the the Pineapple whip is engaged in a business arrangement called Franchising.

Read more about Franchising

<em>brainly.com/question/19565082</em>

5 0
2 years ago
What are the benifits of electric kitchens
Ksju [112]
<span>Induction offers the following benefits and performance advantages: Faster. Because energy is directly transferred within the pan metal, cooking on an electric induction range is extremely fast - even faster than gas.</span>
3 0
3 years ago
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