Answer: $4,690
Explanation:
From the above, Chuck can include the following with his itemized deductions,
County Real Estate Tax,
School District Tax on Realty,
State Income Tax estimated Payments and
State income tax withholding.
Calculating the above,
= 950 + 670 + 1,010 + 2,060
= $4,690
the amount of taxes that Chuck can include with his itemized deductions is $4,690.
Answer:
D. a gain of $1,000,000 and an increase in income tax expense of $350,000.
Explanation:
Given that
The gain is $1,000,000
And, the taxes is $350,000
So here the income statement that disclose the impact is that
There is a gain of $1,000,000 and also at the same time the income tax expense is rise by $350,000
Therefore the option d is correct
hence, the same would be considered
Answer:
Option C is correct (8.95%)
Return on equity is 8.95%
Explanation:
Option C is correct (8.95%)
Return on Equity:
It is the measure of how well company is making profit in relation to stock holder equity.
General Formula formula for return on equity is:
ROE= Net Income/Shareholder Equity
In our Case:
Formula will become:
Net Income= $48,200
Sales=$ 947,100
capital intensity ratio=0.87
equity multiplier=1.53
Return on equity is 8.95%
Answer:
The correct answer is letter "C": objective value.
Explanation:
Subjective values are those provided by individuals based on their <em>beliefs, perceptions, ideas, feelings, </em>and <em>reflections</em>. Subjective values are biased. Objective values, on the other hand, are based on <em>facts, statistics, evidence, </em>and <em>observations</em>. Objective values are unbiased.
Answer:
$273,400
Explanation:
Given that,
Wages and salaries = $349,000
Depreciation = 290,000
Utilities = 199,000
Total = $838,000
Cost to be allocated to Assembly cost pool
:
= (Wages & salaries × 35%) + (Depreciation × 35%) + (Utilities × 25%)
= ($349,000 × 35%) + (290,000 × 35%) + ($199,000 × 25%)
= $122,150 + $101,500 + $49,750
= $273,400
