Answer:
$76.856 million
Explanation:
As we know that Balance sheet is divided in two portions.
1. Total Assets (Current Assets + Fixed Assets)
2. Total Liabilities and Share Holders' Equity.
and they both should be equal. So we can write from the above information, as:
Total Assets = Total Liabilities + Total Common Stock + Retained Earnings
N.B. We are excluding Cash from our calculation cause we assume that Cash is already been included in Total Assets.
Hence, by putting the values in above equation we can find our Retained Earnings as:
Retained Earnings + $128.230 million + $6.350 million = $211.436 million
Retained Earnings + $134.58 million = $211.436 million
Retained Earnings = $211.436 million - $134.58 million
Retained Earnings = $76.856 million
Alex, who is single, conducts an activity in 2021 that is appropriately classified as a hobby. The amount of income that Alex must report and the amount of the expenses he is permitted to deduct are:
An activity or business is classified as hobby :
- The owner of the business is not making profit from the business
- When their is no proof as to whether the business owner is making profit
- When the owner does not intend to make profit from the business etc
Based on the given information the revenues or income amount of $18,000 will be the amount that will be reported by Alex as part of the gross income.
While the expenses or property taxed amount of $3,000 is deductible because the deductions are itemized deductions.
Inconclusion Alex, who is single, conducts an activity in 2021 that is appropriately classified as a hobby. The amount of income that Alex must report and the amount of the expenses he is permitted to deduct are:
Learn more here:
brainly.com/question/16633416
Answer:
Gives equal weight to all cash flows arriving before the cutoff
Explanation:
The payback period measures how long it takes for the amount invested in a project to be recovered from a project.
A project with a shorter pay back period is favoured over projects with longer payback periods.
The payback period gives equal weights to all cash flows before arriving at a cut Off. The discounted payback period remedies this by discounting cash flows.
I hope my answer helps you
Answer:
The total amount of administrative cost to the Accounting Department is $ 14,900.
Explanation:
In order to calculate the total amount of administrative cost to the Accounting Department, first we need to calculate the Utilization Ratio of the particulars, using the following formua:
Utilization Ratio=(Total amount particular/Utilised by accounting department)
Hence, the Utilization Ratio of Administration costs
=(50/280)
=0.178
the Utilization Ratio of Maintenance fee
=(12,000/36,000)=0.33
the Utilization Ratio of Utilities=(12,000/36,000)=0.33
Therefore, the total amount of administrative cost to the Accounting Department=(0.178×$50,000)+(0.33×$12,000)+(0.33×$6,000)
=$8,900+$4,000+$2,000
=$14,900
