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IrinaK [193]
3 years ago
13

Ten years ago, Ginny inherited $50,000 from her grandmother. She decided to invest all of this money in GE stock. Suppose she de

cides to sell the stock today so she can purchase her first home. The sale price of the stock is $64,500. Calculate the size of Ginny's taxable capital gain.
Business
1 answer:
leva [86]3 years ago
8 0

Answer:

$14,500

Explanation:

The size of Ginny's taxable capital gain = $64,500 - $50,000 = $14,500

Note: Capital gains tax is a tax on the profit realized on the sale of a non-inventory asset.

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Fitness Bands Corporation gathered the following information for Job​ #928: Standard Total Cost Actual Total Cost Direct materia
Eduardwww [97]

Question:                                      

                                                            standard total cost        Actual total cost

Direct material

Standard  2000 pints  $3.50/pint                   $7,000

Actual      2,500 pints   $5.00/pint                                                       $12,000

Answer:

Materials quantity​ variance= $1,750 unfavorable

Explanation:

<em>Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.  </em>

<em>It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price  </em>

                                                                                               pints

Standard quantity allowed                                                  2,000

Actual quantity used                                                           <u> 2,500</u>

Quantity variance                                                                 500 unfavorable

Standard price                                                                     <u> $3.50 </u>

Materials quantity​ variance                                               <u>1,750  </u>unfavorable

Materials quantity​ variance= $1,750 unfavorable

8 0
3 years ago
Which of the following statements is (are) false?(A) Operations costing accounts for material costs like job costing and convers
Airida [17]

Answer:

C. Both A and B

Explanation:

Operation Costing:

is the acccount of process costing until there is a split-point when the costing systems moves to job system.

This means the materials are calculate with calculate with process costing. And then there is a degree of customization which makes the job costing useful.

(A) FALSE is the other way around. The system use process costing until split point, when it switch to job costing for specific procedures.

(B) FALSE

An automobile manufacturer do the same car over and over.

There is no difference between the car. It will use process costing.

6 0
3 years ago
8. Brady Inc. reported FIFO ending inventory of $114,000 and FIFO beginning inventory of $110,000 for 2018. Inventory purchases
atroni [7]

Answer:

$232,825

Explanation:

Step 1: Calculation of cost of goods sold (COGS) under First In First Out (FIFO)

Since we know that;

Ending inventory = Beginning inventory + Purchase - COGS of FIFO

Therefore, we can rearrange to make COGS the subject of the formula and substitute the values as follows:

COGS under FIFO = Beginning inventory + Purchase - Ending inventory

                               = $110,000 + $237,500 - $114,000 =

COGS under FIFO = $233,500

Step 2: Calculation of COGS under Last In First Out (LIFO)

COGS under LIFO = COGS under FIFO - Rise in LIFO reserve

                              = $233,500 - $675

COGS under LIFO = $232,825

Therefore, the value of COGS LIFO for Brady Inc. in 2018 is $232,825.

7 0
3 years ago
Is simping okay? i need womans advice
Katen [24]

Answer:

Yes, as long as u know the limits :D.

Explanation:

3 0
3 years ago
Read 2 more answers
8 Steps in Organizational Development (OD) interventions
liberstina [14]

Answer:

The Eight Steps for Organizational Develpoment Intervaentions

Explanation:

Entry Signals

Purpose

Assessment

Action Plan

Intervention

Evaluation

Adoption

Seperation

... i think

6 0
3 years ago
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