Answer:
a) salary $112,000
Interest income $2,200
Capital gain on stock -
gross income $114,200
capital gains and losses
capital gain 10,500
capital loss 15,300
Net capital loss = 4800
net loss offset on Gross income = 3000
Net Gross income $111,200
capital loss that is carried forward = $1800
b) salary $112,000
Interest income $2,200
Capital gain on stock -
gross income $114,200
CAPITAL LOSSES/GAINS
capital gain 16000
capital loss 15300
Net Capital gain = 700
ADD taxable capital gains on Gross income
c) salary $112,000
Interest income $2,200
gross income $114,200
capital losses/ gains
capital loss 15300
capital loss 17000
Total Capital LOSS = $ 32300
Set off against income = (3000)
Losses carried forward =$29300
Explanation:
Capital losses can be offset on normal Gross income but only up to $3000 per year
Answer:
Marketing
Explanation:
There are various explanations for the term Marketing. It is essentially a group of activities aimed at creating a valuable customer relationship. Unlike traditional approaches which planned their activities based on what the customers would buy, the Marketing approach takes decisions based on wht the customer wants/needs. It places customer at the center and all the activities revolve around them.
Answer:
The price should be recorded as $167,500
Explanation:
As per the accounting principles, assets should be recorded at the price they were paid for. In case of a purchase, the accountant should record in the books the amount the company paid to acquire the asset. For sales, the amount received from the buyer is the figure to be recorded in the books.
For Reliable Repair Service, there were different prices quoted, but the buyer paid $167,500. It means the company sold the land for $165,000. This is the amount that should be recorded in the books.
Answer:
$37,100
Explanation:
Calculation for what Vaughn should report as cash and cash equivalents
Cash in bank $36,200
Petty cash 300
Short-term paper with maturity of 2 months 600
Cash and cash equivalents $37,100
Therefore Vaughn should report cash and cash equivalents of:$37,100
Answer:
a steering wheel in an automobile.
Explanation:
Abba Lerner a twentieth-century economist, is widely known for his suggestion of the utilization of fiscal policy and monetary policy as a form of Keynesian economics. In his analysis, he declared that fiscal and monetary policy is analogous to a steering wheel in an automobile.
Hence, the correct answer to the question is "a steering wheel in an automobile."
