Answer:
$21,640.
Explanation:
So, we are given the following data or parameters or information which is going to assist us in solving this question/problem:
=> "New passenger automobile (September 30) = $61,600."
=> "Baking equipment (June 30) = 18,480"
=>" William decides to use the election to expense on the baking equipment (and has adequate taxable income to cover the deduction) but not on the automobile (which has a 5-year recoveryand he also uses the MACRS accelerated method to calculate depreciation but elects out of bonus depreciation. "
=> "Assume he has adequate taxable income."
Therefore, if we are to follow the rules of the Internal Revenue Services, the new passenger automobile that is the depreciable limit = 11,160 - 8000 = 3,160.
Hence, the maximum depreciation deduction = Baking equipment + depreciable limit = 18,480 + 3,160 = $21,640.
Answer:
The accounts receivable turnover is computed by dividing <u>net sales by average net receivables.</u>
Explanation:
The accounts receivable turnover is used to quantify a company's effectiveness in collecting its receivables from its clients.
Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable
A high receivables turnover ratio can indicate that a company’s collection of accounts receivable is efficient and a low receivables turnover ratio might be due to a company having a poor collection process.
Answer:
Net Revenue=$120,000
Explanation:
Given Data:
Tax abated=4%
Assessed property tax value of the facility=$20,000,000
New assessed property tax value of the facility=$23,000,000
Required:
Net effect on County G’s current year tax revenue from the abatement=?
Solution:
Decrease in revenue=(0.04*$20,000,000)
Decrease in revenue=$800,000
Decrease in Revenue due to economic boom=0.04*$23,000,000
Decrease Revenue due to economic boom=$920,000
Net Revenue= Decrease Revenue due to economic boom-Decrease in revenue
Net Revenue=$920,000-$800,000
Net tax Revenue=$120,000
Answer:
Bump clause
Explanation:
A bum clause is a clause that is used in real state transactions that allows the sellers to get into a contract with a buyer while allowing them to maintain the property in the market and if they get another offer, they have the right to take it. This is generally used when buyers include conditions like selling their home first to allow the seller to keep looking for another opportunity.
According to this, the answer is that the type of clause that enables a seller to keep a property on the market after receiving a contingent offer, and to accept an offer from a second buyer is a bump clause.
I think that its either A or D! hope this helps
