Answer and Explanation:
Her deductible loss is $27,000.
Answer:
c. $1,890
Explanation:
As for the provided information, we have
Net income is the income after allowing expenses of every nature, and after taxes, but does not include the dividend as is not an expense but allocation or distribution of profits.
Thus net income shall be as follows:
Sales - Expenses
Sales = $10,000
Expenses = $4,000 + $1,100 + $1,750 = $6,850
Profit before taxes = $3,150
Less: Taxes @ 40% = $1,260
Net Income = $1,890
Correct option is
c. $1,890
Answer:
33.8%
Explanation:
Purchase price of the bond will be computed using the formula below.
where A = annual coupon = 10% * 1000 = 100
r = yield to maturity = 0.1384
n = time to maturity = 20 years
F = face value = $1,000
p = price of the bond.
Therefore, if Janet sold the bond a year later for $994.79,
the profit on sale = 
= 33.8% profit (rate of return).
Answer: The answer is e. $264,000 of net cash provided.
Explanation:
Marjorie Company
Statement of cash flows
Purchase of equipment ($260,000)
Proceeds from sale of equipment 87,000
Purchase of land (91,000)
Net cash flows from investing activities $264,000
Answer:
Good-faith bargaining generally refers to the duty of the parties to meet andnegotiate at reasonable times with willingness to reach agreement on matters within the scope of representation; however, neither party is required to make a concession or agree to any proposal.
