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iren2701 [21]
3 years ago
13

Using a $ sign before a column label ________.

Business
1 answer:
Licemer1 [7]3 years ago
6 0

Answer:

The alignment of the choices are off but here's the explanation for solving this question below;

Explanation:

Using a $ sign before a column label, keeps the reference to column fixed,

but allows the row reference to change. Generally, putting a dollar sign ($) before a column label or row label  puts an absolute reference to that respective column or row while keeping the other changing. For example;

In $C5, "C"  is the column reference while "5" is the row reference. Because there is $ sign before C, that column  will be fixed and the row will change

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Eric and Katie, who are married, jointly own a house in which they have resided for the past 17 years. They sell the house for $
Elodia [21]

Answer:

C) $0 $285,000

Explanation:

The §121 exclusion establishes that homeowners can exclude from their capital gains taxes the sale of their property for a maximum of $250,000 gain (or $500,000 for joint filers) if they meet two criteria:

  • they owned the property for at last 5 years
  • they use the property as main residence for at least 2 years (they can aggregate time periods).

So if Eric and Katie use the §121 exclusion they wouldn't pay any capital gains tax ($500,000 is higher than $375,000).

If they decide to forgo the §121 exclusion, then they will have to pay taxes for a gain of:

capital gain = net sale price - asst basis

capital gain = ($375,000 - $10,000) - $80,000 = $365,000 - $80,000 = $285,000

8 0
3 years ago
The following accounts appear in an adjusted trial balance of Bridgewater Consulting. Indicate whether each account would be rep
igomit [66]

Answer:

Explanation:

1. Accounts Payable - Current liabilities in liabilities side

2. Accounts Receivable - Current asset in assets side

3. Accumulated Depreciation—Building - Property, plant, and equipment in assets side

4. Cash - Current asset in assets side

5. Common Stock -  stockholders' equity

6. Note Payable (due in ten years) - Long-term liability in liabilities side

7. Supplies - Current asset in asset side

8. Wages Payable - Current liabilities in liabilities side

5 0
3 years ago
Read 2 more answers
Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses a job-order costing system wi
igomit [66]

Answer:

Results are below.

Explanation:

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (3,760,000 / 235,000) + 2

Predetermined manufacturing overhead rate= $18 per machine hour

Job P90:

Direct materials $ 1,794

Direct labor cost $ 1,287

Machine-hours used 86

<u>We need to allocate overhead costs:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 18*86= $1,548

Total manufacturing costs= 1,548 + 1,794 + 1,287

Total manufacturing costs= $4,629

6 0
3 years ago
One use of inventory is A. to provide a hedge against inflation. B. to tightly synchronize production and distribution processes
liubo4ka [24]

Answer:

A, to provide a hedge against inflation

Explanation:

An inventory is the goods or materials or items held by a company for sale at a future period. An inventory could also be called stock.

Inventory has its uses among which is to provide a hedge for inflation. Inventory helps to provide an hedge against inflation as it can be used to keep good or material or ites for sale at a later date in the situation of price rise.

Simply put, Inventory helps to hold out goods, items, materials till a period when it can be resold at a higher price.

Note that, the goods to be kept for future resale is always bought a a lower price today.

Cheers.

3 0
3 years ago
Explain the difference between a bid price and an asked price and explain why the prices are different
alexgriva [62]

Answer:

Explanation:

The bid price is what buyers are willing to pay for it. The ask price is what sellers are willing to take for it. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price.

6 0
3 years ago
Read 2 more answers
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