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e-lub [12.9K]
3 years ago
7

Carrot Corporation, a C corporation, has a net short-term capital gain of $65,000 and a net long-term capital loss of $250,000 d

uring 2017. Carrot Corporation had taxable income from other sources of $720,000. Prior years’ transactions included the following:1. Net long-term capital gain $150,0002. Net short-term capital gain 60,0003. Net short-term capital gain 45,0004. Net long-term capital gain 35,000Compute the amount of Carrot’s capital loss carryover to 2018.
Business
2 answers:
Evgen [1.6K]3 years ago
6 0

Answer: The amount of carryover loss to 2018 ($45,000)

Explanation:

Net long term capital gain = $150,000

Net short term capital gain = $60,000

Net short term capital gain =$45,000

Net long term capital gain = $35,000

Net short term capital gain for 2017 $65,000 - Net long term capital loss for 2017 $250,000

= 65,000 - 250,000

= (185,000)

Prior year

Net short term capital gain + Net short term capital + Net long term capital gain

= 60,000 + 45,000 + 35,000

=140,000

The amount capital loss carryover

=- 185,000 +140,000

= (45,000)

Molodets [167]3 years ago
5 0

Answer:

The answer is  $45,000

Explanation:

$45,000

- Net Short Term Capital gain +Net Long Term Capital loss= 65,000+ (250,000)= -185,000

-Net Long Term Capital loss(2015)+Net Short Term Capital gain (2016)+Net Long Term Capital Gain(2017) = 60,000+45,000+35,000=140,000

-185,000+140,000= <u>(45,000)</u>

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2 years ago
A frim must choose its ______ carefully; if its picks too narrow a set it may fail to reach the volume of sales it needs but if
anygoal [31]

Answer:

target markets

Explanation:

Based on the information provided within the question it can be said that the firm must choose it's target markets carefully. In the context of marketing, target markets are the population of consumers that the marketing is aimed towards convincing them to buy the company's product. Choosing the right market would lead to an explosion in sales, but the opposite would completely kill a products sales.

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3 years ago
Gundy Company expects to produce 1,299,600 units of Product XX in 2017. Monthly production is expected to range from 73,600 to 1
SCORPION-xisa [38]

                        Monthly Flexible Manufacturing Budget

                                   For  the Year 2017

Activity level

Finished units                                           73,600     96,200        118,800

Variable costs

Direct materials($3)                              $220,800   $288,600  $356,400

Direct labor($6)                                     $441,600    $577,200   $712,800

Overhead($9)                                        <u>$662,400</u>   <u>$865,800</u>  <u>$1,069,200</u>

Total variable costs                              $1,324,800 $1,731,600 $2,138,400

Fixed cost

Depreciation[($6 * 1,299,600) 12]        $649,800    $649,800    $649,800

Supervision[($2 * 1,299,600) / 12]        <u>$216,600 </u>    <u>$216,600 </u>    <u>$216,600</u>

Total fixed costs                                    <u>$866,400</u>   <u>$866,400</u>    <u>$866,400</u>

Total costs                                            $2,191,200 $2,598,000 $3,004,800

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<em>brainly.com/question/12988342</em>

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2 years ago
Which statement is not true about the minimum wage?
Kobotan [32]
Owners are not required to pay it to foreign works is incorrect option
5 0
3 years ago
The following transactions occur for the Hamilton Manufacturers.
Radda [10]

Answer:

The answer is stated below:

Explanation:

The accounting equation is as follows:

Assets = Liabilities + Stockholders' Equity

Analyzing the transactions:

1. The service is provided to customer on account, which result in increase in assets and the stockholders' equity

So,

Assets        =   Liabilities        +  Stockholders' equity

+ $4,000    = $0                     +  +$4,000

2. The equipment is purchased by signing a note, which result in increase in liability and also increase in the assets.

So,

Assets        =   Liabilities        +  Stockholders' equity

+ $10,500  =   +$10,500         + $0

3. Paid for the advertising, which result in decrease in cash as well as decrease in the equity of the company.

So,

Assets        =   Liabilities        +  Stockholders' equity

- $1,200    = $0                        +  -$1,200

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