<span>Start with $2,000 in taxes owed subtract $775 for prepayments to get $1,225 in taxes still owed. Subtract another $2,000 for the child tax credit, resulting in a negative liability of $775. This equates a tax refund of $775.</span>
Answer:
c. 2
Explanation:
The multifactor productivity ratio can be determined using the below mentioned formula:
Multi factor productivity=Output worth/cost of material+cost of labor
In the given question:
Output worth=$1,000
cost of material+cost of labor=$300+$200=$500
Multifactor productivity=$1,000/$500=2
So based on the above calculation, the answer is c. 2
Answer:
C. $250000
Explanation:
Given:
Total assets = $600,000
Liabilities = $160,000
Stockholders’ equity = $540,000.
Fair value of the restaurant assets = $680,000
Alice Company pays = $770,000
Goodwill is when a company looking to acquire another company is willing to pay a price significantly higher than the fair market value of the company’s net assets.
Net Assets = Fair value of assets - Total Liabilities
= $680000 - $160,000
= $520,000
Amount of Goodwill = cash paid - net assets
= $770,000 - $520,000
= $250000
Answer:
$100
Explanation:
Since the standard deduction for 2017 was $6,350, and Graciela only reported $100 more, she needs to report only $100 of the state tax refund. State tax refunds are not considered income unless you itemize your deductions, and in case you did, like Graciela, you must only report the amount that exceeds the standard deduction.
Answer:
An intangible asset's annual amortization expense reduces its value on the balance sheet, which reduces the amount of total assets in the assets section of the balance sheet. This occurs until the end of the intangible asset's useful life.
Explanation:
