Answer:
1. $27,188
2. $48,000
3. 212,000
Explanation:
Computation for the charitable contribution deduction
1. Based on the information given the calculation will be :The amount of the property's basis including 50% of the appreciation on the property
Charitable contribution deduction = [$43,500 + ($54,375- $43,500) * 50%]
Charitable contribution deduction = [$43,500 + ($54,375- $43,500) * 50%
Charitable contribution deduction =$43,500+$10,875*50%
Charitable contribution deduction =$27,188
b.Based on the information given what will be the
charitable contribution deduction is the fair market value on the date of the contribution of the amount of $48,000 reason been that it is a capital gain property Contribution.
c. Based on the information given what will be the charitable contribution deduction is the worth of the donated sculpture held as an investment of the amount of $212,000 reason been that it is a capital gain property Contribution.
Answer:
The definition becomes defined in the clarification section below, as per the particular circumstance.
Explanation:
<u>Meeting customer expectation</u>:
- This metric of success would reflect just how much the clients are represented. It will represent the quality of the service of the business and will provide them with crucial input. This metric would help the organization address the trouble areas. If the degree of customer loyalty rises, sales will also rise because more and more clients enjoy the company’s products or services.
- This would also show the pattern of clients as well during the company's measures to handle the issue.
<u>Productivity</u>:
- This is a significant parameter that indicates how much is expended on activities and whether the business gets in exchange. It extends from financial return with the introduction of new goods from marketing and distribution activities to return on invested capital. Productivity is closely linked to organizational financial efficiency.
- When productivity rises, profits rise as well. In terms of their historical and present performance, data analytics can help to decide how and why the multiple fields work.
<u>Cash flow</u>:
- It explains how well the cash flows within and without the organization. If the business later collects reimbursement from consumers but earlier pays its vendors, then it suggests significant operating inefficiency.
- These efficiencies should be worked out by the organization to minimize operational expenses and preserve favorable cash flow to boost the company's financial well-being.
Answer:
Tablet only.
Explanation:
As Given Merlin have bought tablet for $500, he return it and buy GPS device for $200 and downloaded tunes for $100.
Most of commercial agreement is unwritten and many contract does not require to be in writing, however, uniform commercial code (UCC) have made certain exception for which written contract is required.
Under uniform commercial code (UCC), certain contract for sales of goods Article 2 must be in writing.
All the sales of goods worth $500 and more must have contract in writing and must be signed by the party against which enforcement is sought. It is valid even if the contract is not written in detail, it is enforceable.
Therefore, only purchase of Tablet must have contract in writing as it is worth $500.
Answer:
1. The cost of a hard drive installed in a computer. DIRECT MATERIAL COST.
The business of the company is to make computers so when it comes to hard drives, these are fundamental parts of a computer so they will be classified as direct materials since they are directly involved in the production process.
2. The cost of advertising in the Puget Sound Computer User newspaper. SELLING COST.
Advertising is done to be able to sell gods and services so it will fall under selling costs.
3. The wages of employees who assemble computers from components. DIRECT LABOR COST.
The labor cost of those that are involved in the direct manufacture of the computer will be considered direct labor as they are directly involved in the production process.
4. Sales commissions paid to the company’s salespeople. SELLING COST.
Sales commissions are paid to encourage the salespeople to sell more so this is a selling cost as it is incurred to increase sales.
$342,000
Regardless if the amount of supplies has not been paid or not, it is still accounted for in the balance sheet. You would have a debit of 342,000 for supplies, credit of supplies payable of 240,000 and a credit to cash for 102,000 assuming that the difference between both amounts was paid for with cash.
