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Dafna11 [192]
3 years ago
8

Seojun acquired an activity several years ago, and in the current year, it generates a loss of $50,000. Seojun has AGI of $140,0

00 before considering the loss from the activity. If the activity is a bakery and Seojun is not a material participant, what is his AGI
Business
1 answer:
ahrayia [7]3 years ago
7 0

Answer:

Seojun's Adjusted Gross income is $140,000.

Explanation: Adjusted Gross income(AGI) is a term used in Financial accounting to describe the total amount of gross income remaining after certain deductions have been made to the Gross income of a business entity over a given period of time.

Since Seojun is not a Material participant,the $50,000 loss can not be considered in calculating Seojun's Adjusted Gross income.

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Tropetech Inc.’s FCFs are expected to grow at a constant rate of 4.62% per year in the future. The market value of Tropetech Inc
weeeeeb [17]

Answer:

The total firm value is $10,877 million

Explanation:

Value of Firm = Expected FCF/(WACC - Growth Rate)

                       = $1,005 million/(0.1386 - 0.0462)

                       = $1,005 million / 0.0924

                       = $10,877 million

Therefore, The total firm value is $10,877 million

6 0
3 years ago
When Tesla receives a $1,000 reservation payment from a customer, what Tesla general ledger accounts does this $1,000 impact? Ex
Greeley [361]

<u>Solution and Explanation:</u>

• The Significant dangers and awards of responsibility for products have been moved to the purchaser.  

• The dealer holds neither proceeding with the administrative contribution to the degree generally connected with the possession nor powerful authority over the products sold.  

• The measure of the income can be dependably estimated.  

• It is plausible that the monetary advantages related to the exchange will stream to the vender.  

• The cost brought about or to be acquired in regard to the exchange can be estimated dependably. In such conditions, any thought previously got for the offer of merchandise is perceived as an obligation. So therefore, receipt of $1000 received by Tesla as a reservation payment from a customer is recorded as short term liability in its books.

Entry shall be as follows:-

Bank/Cash A/c Dr. $1000

To Advances from Customers $1000

7 0
3 years ago
Which of the following statements is true of the sources of competitive advantage?
chubhunter [2.5K]

Answer:

Which of the following statements is true of the sources of competitive advantage?

It is possible to improve quality and also enhance speed.

Explanation:

It is possible to improve quality and also enhance speed, competitive advantage helps to improve quality as a result of the competition from others as well as increase in speed at which it will be carry out in order to outsmart other competitor.

3 0
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The items in a budget that can be estimated most accurately and easily are
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fixed expenses ........... it makes sense          

4 0
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In 2019, Mr. Smith purchased a principal residence for $1,500,000. He made a down payment of $300,000 and financed the remainder
ludmilkaskok [199]

Answer:

Following are the solution to the given question:

Explanation:

Article 163(a) enables with all interest charged as well as accumulated throughout the obtainable year as rationale. On something like a duty. Not from having to stand, area 163(h)(1) for individuals continues to refuse an inference.    

Definitely competent house involvement is not really a person under Segment 163(h)(2)(D). In Section 163(h)(3)(a) characterizes skilled optimism even though paid or charged interest. Recovering for a guaranteeing responsibility or house price responsibility guaranteed by taxable year Each consumer's competent going to dwell.

Even though optimism for both the supply chain responsibility under sentence 163(h)(3), a public servant may deduct (B) Accrued interest on 1,000,000 of the 1200,000 bond that used highlight the entire living in 2009 Agreement. In getting a competent living situation, the 1200,000 responsibility has been obtained Taxpayer as well as living agreements have been secured. In the this way: 1,000,000 is obligatory Obtained under 163(h)(3) as a supply chain obligation (B).

3 0
3 years ago
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