Answer:
$3,750
Explanation:
Capital Gain tax is paid on the sale property value. According to tax rule if you sale your residence building the first $250,000 is exempt from the tax and the amount above this value will be taxed using rate of 15%.
Total Amount of Gain = $275,000
Amount Exempted = $250,000
Taxable value = $275,000 - $250,000 = $25,000
Tax value = $25,000 x 15%= $3,750
Answer:
Results are below.
Explanation:
<u>First, we will determine the net income for tax purposes:</u>
Sales= 800,000
Expenses other than depreciation= (350,000)
Gross profit= 450,000
Depreciation= (200,000)
EBT= 250,000
Tax= (250,000*0.34)= (85,000)
Depreciation= 200,000
Net income= 365,000
<u>Now, for reporting purposes:</u>
Gross profit= 450,000
Depreciation= (130,000)
EBT= 320,000
Tax= (320,000*0.34)= (108,800)
Depreciation= 130,000
Net income= 341,200
Answer:
We'll start by putting into consideration, the large sample variance at the numerator.
Barron's Variance will be represented using 1 as the subscript.
i.e.
1 = $583 million
2 = $489 million
So,
0: 1²= 2²
: 1² ≠ 2²
=1² / 2²=
= $583 million² / $489 million²
= 583²/489²
= 1.42
Degrees of freedom 15 and 9
Using F table, area in tail is greater than 0.10.
Two-tail p-value is greater than .20
Exact p-value corresponding to F= 1.42 is .5874 (See F table)
p-value > .10
So,we do not reject 0.
We cannot conclude there is a statistically significant difference between the variances for the two companies.
The aggregate demand curve shifts to the right
Answer: $6000
Explanation:
Financing activities are all activities that a corporation undertakes to affect the company's long-term liabilities or equity.
You list the following activities
- receipts from customers
- receipt from bank for long-term borrowing
- payment to suppliers
- payment of dividends
- payment to workers
- payment for machinery
Any receipts to customers or payments to suppliers are short-term reimbursements for labor or purchase of product, and as such are not included in the financing activity cash flows. Your payments for machinery are not financing activities either as machinery is not considered a liability, rather, it is an asset for the company.
However, your receipt from the bank for long-term borrowing and payments of dividends affect both long-term liabilities and equity, and those are reflected on the financing cash flows as such
Receipts from the bank for long-term borrowing - $7500
Payment of dividends - ($1500)
Net cash flows from financing activities - $6000
