Answer:
Joel would save tax of $540 if the stock was held for more than a year
Explanation:
If the stock is held for more than one year and then sold then the gain on sale would be long term capital gain
The long term capital gain would be charged at preferential rate of 15%
Calculate long term capital gain tax on sale
Long term capital gain (Sale price - Purchase price)*No of shares
Long term capital gain (58-31)*100
Long term capital gain $2700
Tax on long term capital gain 2700*15%
Tax on long term capital gain $405
Savings in tax 945 - 405
Savings in tax $540
Thus, Joel would save tax of $540 if the stock was held for more than a year
Answer:
$123 Unfavorable
Explanation:
Budgeted cost = $2,420 + (33 * $9) = $2,717
Actual cost = $2,840
Variance = Budgeted cost - Actual cost = $2,717 - $2,840 = $123 Unfavorable
Therefore, the activity variance for materials and supplies in August would be closest to <u>$123 Unfavorable</u>.
very much indeed. thanks for the points
Answer:
variance analysis
Explanation:
a comparison between actual and projected expenditures is called variance analysis