Answer:
C) 18.2 months
Explanation:
If Brandon had paid only $40 per month with such a high APR, it would have taken him almost 74 months to pay for the computer. But since he paid $100 per month, then he will need to pay for only 18.2 months.
A 25% APR represents over $362 in interests during the first year, while his total payments would have been only $480. That is why it would have taken so long to pay the debt. By paying 2.5 times more money, the total time needed to pay the debt is only one fourth of the established schedule.
Answer:
a. Marketable securities
Explanation:
A(correct one). Capital assets are able to cover all marketable securities unless the taxpayer becomes a dealer.
B -incorrect. The inventory is not such as capital although it is asset. It is fixed asset type
C-incorrect. The assets which are depreciable must be excluded from capital assets group. Because they will be fixed ones again.
D-incorrect. Accounts receivable of a business are excluded from the definition of capital assets. because they are the other section of accounting elements and not considered as asset at all.
Intermediaries often provide valuable benefits: They make it easier for buyers to find what they need, they help set standards, and they enable comparison shopping—efficiency improvements that keep markets working smoothly. But they can also capture a disproportionate share of the value a company creates.
Answer:
$185,000
Explanation:
According to the given situation, the computation of gain is shown below:-
Recognized gain = Amount realized—stock - Adjusted basis of property transferred
= $200,000 - $15,000
= $185,000
Therefore, for computing the recognized gain we simply applied the above formula.
Hence, the gain realized on the transaction is $185,000
Answer:
See below
Explanation:
a. Given that the overhead application rate is $21.40 per direct labor hour and total labor hours used during the period are 8,250 hours
Overhead applied = $21.40 × 8,250
Overhead applied = $176,550
Actual overhead incurred = $172,500
Then, the manufacturing overhead is over applied for the period by $4,050
I.e
= Overhead applied - Actual overhead incurred
= $176,500 - $172,500
= $4,050
b. With regards to the above, if the over applied overhead is closed out to cost of goods sold, it means that the cost of goods sold amount would decrease . The reason is that since cost of goods sold is deducted from revenue to determine gross margin, a reduction in cost of goods sold would bring about an increase in the company's gross margin for the period by $4,050