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3 years ago

You bought some shares of stock and, over the next year, the price per share increased by 5 percent, as did the

Business

1 answer:

FinnZ [79.3K]3 years ago

3 0

Answer:

d. a nominal gain, but no real gain, and you paid taxes on the nominal gain.

Explanation:

Nominal gain: In business, the term "nominal gain" is described as the increase or hike in the price or cost of an asset as per the "federal tax code" and is also denoted as "nominal amount" and is considered as non-adjustable for inflation. However, when a specific product or asset or stock is being sold more than its "actual price" or above its "purchase price" then a gain or profit is noted and hence is taxed.

In the question above, the correct answer is option D.

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On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory po

Mama L [17]

Answer:

Avondale Lumber

Calculation of Inventory Amounts at the end of each year:

= Inventory cost divided by the Index:

2021: = $408,450/1.05 = $389,000

2022: = $420,740/1.09 = $386,000

2023: = $478,500/1.10 = $435,000

2024: = $513,585/1.13 = $454,500

Explanation:

a) Data and Calculations:

Year Ended Inventory Cost Index Year-End Costs

(Relative to Base Year)

2021 $ 408,450 1.05 $389,000 (408,450/1.05)

2022 420,740 1.09 $386,000 (420,740/1.09)

2023 478,500 1.10 $435,000 (478,500/1.10)

2024 513,585 1.13 $454,500 (513,585/1.13)

b) The conversion of the ending inventory cost to the base year with an index is obtained by dividing the inventory cost by the index. This gives a cost that is relative to the base year.

5 0

3 years ago

Our company makes sophisticated lenses for satellite cameras. We allocated our overhead (OH) costs using practical equipment mac

ser-zykov [4K]

Answer:

If we made the switch, our OH rate would be closest to: $30.40 per MH

Explanation:

Overhead Rate is used to allocate manufacturing overheads (indirect costs) to jobs and departments.

In our senario Overhead rate are used to allocate fixed manufacturing overheads to production of lenses for satellite cameras.

Overhead Rate = Budgeted Overheads / Budgeted Activity

= $760,000/ 25,000

= $30.40 per practical equipment machine hour

5 0

3 years ago

You are a project manager leading an IT development project. Halfway through your project, you realize that you need to hire an

aliina [53]

Answer:

The project manager can convince the project sponsors with the following reasons which are,

(1) Telling the sponsors the additional benefits that the team will have once a member enters the team.

(2)Informing the sponsors about the work not completed due to lesser number of workers.

(3)Informing the sponsors the additional benefits that the team will have once a member enters the team.

For on boarding a new worker the project manager does the following which includes:

(1)it is very necessary to share the agendas and charters of the previous meetings of the project to help individuals to familiarize with the project scope and goals.

(2)Having a one one meeting a with the individual and discussing with him/her about the project and solve his/her issues.

(3) Doing a formal introduction of the new member to both the project team and stakeholders of the project.

Explanation:

Solution:

In the half way of the project, the project manager can convince the project sponsors in the following ways shown below:

Informing the sponsors about the work not completed due to lesser number of workers
Informing the sponsors about the delays taking place due to shortage of members in the team
Telling the sponsors the additional benefits that the team will have once a member enters the team
Convincing the sponsors by discussing and talking with him/her the various drawbacks of not having the required numbers of members in the team.

For getting a new member on board for the project, it is very important to share the agendas and charters and minutes of the previous meetings of the project to enable individuals to familiarize with the project scope and goals.

Secondly, a one one meeting and discussion with the individual must be organized to brief him/her about the project and solve his/her issues.

Finally the new member must be introduced to both the project team and stakeholders of the project.

5 0

3 years ago

Disagreement about an employee’s performance as perceived by different sources is ____________ a problem.

Nadya [2.5K]

Answer:

AY YO

Explanation:

6 0

2 years ago

On january 2, fafnir co. purchased a franchise with a finite useful life of 10 years for $50,000. an additional franchise fee of

skelet666 [1.2K]

The amount should Fafnir report as intangible asset - franchise is -

Purchase value of Franchise = $ 50,000

Life of Franchise = 10 years

Salvage value = $ 0 ( not given)

Since, no other methods of amortization are specifically mentioned, straight line method will be used.

Book value of Franchise = Purchase price - Amortization expenses

Book value of Franchise = $ 50,000 - [ ( $ 50,000 - $ 0) / 10 Years ]

Straight-line depreciation = ( Purchase price - Salvage value) / Number of years

Book value of Franchise = $ 50,000 - $ 5,000 = $ 45,000

The amount should Fafnir report as intangible asset - franchise is = $ 45,000

7 0

3 years ago