Answer:
Consider the following calculations
Explanation:
Step 1. Given information.
Asset Cost Adjusted Basis
--------------------------------------------------
Skidder 230,000 40,000
Driller 120,000 60,000
Platform 620,000 0
-------------------------------------------------
Total 970,000 100,000
Step 2. Formulas needed to solve the exercise.
Allocation for each asset = value sold * (adjusted basis / total)
Gain on sale = Sales price - Adjusted basis amount
Step 3. Calculation and Step 4. Solution.
Sales price is allocated on the basis of adjusted value.
- Skidder = 300.000 * 40.000/100.000 = 120.000
- Driller = 300.000*60.000/100.000 = 180.000
- Platform = 300.000*0/100.000 = 0
Gain on sale = Sales price - Adjusted basis amount
= 300.000 - (40.000 + 60.000 + 0)
= 200.000
The agent's commission is $5,950
A commission agent acts as a go-between for enterprises of all sizes when dealing with suppliers. A person in this position may operate in a variety of fields, including real estate, sales, and entertainment, as well as throughout the world. Additionally, a commission agent may simultaneously serve multiple companies.
An international agent who receives payment as a percentage of the sales they bring in. The Agent strictly complies with the sale terms specified to it by the Principal while making products available to potential customers in a certain territory (often a country). The Agent's and Principal's relationship is solely business-related; there is no employment connection between them.
To learn more about agent's commission here
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The best answer for this question would be:
$150,000
Because in the method of the “non-working” spouse method, they are given a calculation of (18 - youngest child's age) × $10,000 (18 being the legal age)
Resulting that the solution would be:
<span> (18 - 3) × $10,000 = $150,000</span>
Answer:
The budgeted materials needed in units for April = 67000 litres
Explanation:
The budgeted production for April = 68000 units
The budgeted production for may = 64000 units
The cost of raw material per unit = $1.70 per unit
It is given that at the end of each month the inventory should be = 25%
The April 1 inventory = 17000 units
Now calculate the material required for April production:![= [ Materials needed + ending inventory requirements - beginning inventory available ]](https://tex.z-dn.net/?f=%3D%20%5B%20Materials%20needed%20%2B%20ending%20inventory%20requirements%20-%20beginning%20inventory%20available%20%5D)
![= [ 68000 + (64000 × 25%) – 17000 ] = 67000 Litres](https://tex.z-dn.net/?f=%3D%20%5B%2068000%20%2B%20%2864000%20%C3%97%2025%25%29%20%E2%80%93%2017000%20%5D%20%3D%2067000%20Litres)
Therefore, the budgeted materials needed in units for April = 67000 litres
