Answer:
flexible budget amount for canoe sales revenue for April is $72000
Explanation:
given data
sell = 100 canoes
average sales price = $600
sold = 65
total sales = 130
canoes at an average price = $595
actual sales = 120 canoes
to find out
flexible budget amount for canoe sales revenue for April
solution
we know here for flexible budget april sale unit are = 120
and selling price is $600
so that April sales will be here = 120 × 600
April sales = 72000
so flexible budget amount for canoe sales revenue for April is $72000
Answer:
B.Her actions are inconsistent with the advice being given to her clients and this must be disclosed
Explanation:
A registered investment adviser often recommends real estate limited partnership investments to her wealthy clients. The RIA's personal financial statement and income are consistent with those of her wealthy clients, yet she never buys limited partnership units for her personal account. Which statement is TRUE
A real estate limited partnership (RELP) is a group of investors who pool their financial resources to invest in property purchasing, development, or leasing. Under its limited partnership status, This form of partnership has a general partner who bears full liability and limited partners who are predispose only up to the amount they contribute
The registered investment adviser does not practice what she teaches. She might just be in the profession for the money. She might also understand the risk associated with the real estate limited partnership investments and hence would want to be risk averse herself. she should let her clients know the nitty gritty of the partnership and put a disclaimer across to them
Answer:
The correct answer is letter "B": Depreciation reduces the book value of assets
.
Explanation:
Depreciation shows how much and the value of the assets was used up. This also aims to balance an asset's cost to the revenue that the asset has helped the business gain. Used as an income tax deduction, depreciation calculations offer businesses an annual allowance for the use and deterioration of tangible (physical) assets.
<em>Depreciation reduces the book value of assets because, after the depreciation calculation is done, the amount computed decreases the current value of the asset it represents.</em>
Question Continuation
Determine the tax consequences of the redemption to Tammy and to Broadbill under the following independent circumstances.
Tammy and Jeremy are grandmother and grandson.
Answer:
See Explanation Below
Explanation:
Given.
Tammy number of shares = 300
Yvette number of shares = 400
Jeremy number of shares = 300
Each of the shareholders paid $50 per share.
Tammy's Ownership is calculated by; (300+300)/1000
= 600)1000
= 60% ---- before redemption
Tammy's Ownership = (150 + 300)/850
Tammy's ownership = 450/850
Tammy's Ownership = 52.94% ---- after redemption
The constructive ownership of Tammy is more than 80%, this means that the distribution is considered as income to Tammy
Answer:
The Erie Canal
Explanation:
When it opened it dramatically decreased the cost of shipping while reducing the time to travel to the West.