Answer:
D. Cost of Goods Sold
Explanation:
The cost of goods sold or simply COGS is a numerical representation of the direct expenses incurred in manufacturing products sold to customers in a period. It is the aggregate of direct labor, direct materials, and overheads used in the production process. COGS apply to manufacturing firms and companies that handle physical goods.
The COGS is deducted from the sales revenue to give the gross profit. Calculating the COGS involves adding the purchases or goods manufactured to the beginning inventory. Ending inventory is deducted from the total to provide the COGS. As per the formula, the COGS does not apply to the service industry.
Answer:
Present value = $21,804 (approx)
Explanation:
Given:
Periodic payment = $3,200
Number of period = 12
Interest rate = 10% = 10/100 = 0.1
Present value = ?
Computation of Present value:
![Present\ value = PMT[\frac{1-(1+r)^{-n}}{r} ]\\\\Present\ value = 3,200[\frac{1-(1+0.1)^{-12}}{0.1} ]\\\\Present\ value = 3,200[\frac{1-(1.1)^{-12}}{0.1} ]\\\\Present\ value = 3,200[\frac{1-0.318630818}{0.1} ]\\\\Present\ value = 3,200[\frac{0.681369182}{0.1} ]\\\\Present\ value = 21,803.6188](https://tex.z-dn.net/?f=Present%5C%20value%20%3D%20PMT%5B%5Cfrac%7B1-%281%2Br%29%5E%7B-n%7D%7D%7Br%7D%20%5D%5C%5C%5C%5CPresent%5C%20value%20%3D%203%2C200%5B%5Cfrac%7B1-%281%2B0.1%29%5E%7B-12%7D%7D%7B0.1%7D%20%5D%5C%5C%5C%5CPresent%5C%20value%20%3D%203%2C200%5B%5Cfrac%7B1-%281.1%29%5E%7B-12%7D%7D%7B0.1%7D%20%5D%5C%5C%5C%5CPresent%5C%20value%20%3D%203%2C200%5B%5Cfrac%7B1-0.318630818%7D%7B0.1%7D%20%5D%5C%5C%5C%5CPresent%5C%20value%20%3D%203%2C200%5B%5Cfrac%7B0.681369182%7D%7B0.1%7D%20%5D%5C%5C%5C%5CPresent%5C%20value%20%3D%2021%2C803.6188)
Present value = $21,804 (approx)
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
Brett's outside tax basis in his LLC interest is $45000
Explanation:
A partner outside tax basis consist of basis of contributed property, partnership debt allocated to the partner without any debt relief. Non recourse debt that is more than basis of contributed property must be given to the partner that contributed to the property.
Brett's outside tax basis in his LLC interest = Cash contribution + basis of building - debt of building + Non recourse loan + non recourse mortgage + remaining mortgage on building
Cash contribution = $5000
Basis of building = $30000
Debt of building = $35000
Non recourse loan = Profit sharing ratio × Non recourse loan = 50% × $50000 = $25000
non recourse mortgage = $5000
remaining mortgage on building = 50% × $30000 = $15000
Brett's outside tax basis in his LLC interest = $5000 + $30000 - $35000 + $25000 + $5000 + $150000 = $45000
