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Sphinxa [80]
3 years ago
8

a customer has $12,000 of capital losses and $4,000 of capital gains in a tax year. On that year's tax return, the investor has

a: A $3,000 capital loss deduction with no loss carryforward B $3,000 capital loss deduction and a $5,000 loss carryforward C $8,000 capital loss deduction with no loss carryforward D $12,000 capital loss deduction
Business
1 answer:
Oksi-84 [34.3K]3 years ago
8 0

Answer:

B $3,000 capital loss deduction and a $5,000 loss carryforward

Explanation:

The computation is shown below:

The Net capital loss is

= $12,000 - $4,000

= $8,000

There is the maximum deduction with respect to the net capital loss arise from the other sources i.e. $3,000

So,  

Loss carry forward is

= $8,000 - $3,000

= $5,000

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klio [65]
Metro by T-Mobile is a prepaid wireless carrier brand owned by T-Mobile US. It previously operated the fifth largest mobile telecommunications network in the United States using code division multiple access. 
3 0
3 years ago
1. _______ is the process of setting up business units to do specialized tasks such as marketing and accounting. Organizational
Bogdan [553]

Answer:

Departmentalization

Explanation:

The departmentalization refer to the framework of the organization that involves various types of departments like finance, accounting, human resource, marketing, sales and services, etc

It is important to setting up each department so that the day to day task could be accomplished with the specified time and the company could achieve its organizational objectives

Therefore, as per the given situation, the most appropriate answer is departmentalization

5 0
3 years ago
Healthy Living, a diet magazine, collected $240,000 in subscription revenue on May 31. Each subscriber will receive an issue of
stich3 [128]

Answer:

Revenue that has been earned by the end of December is $ 140,000

Explanation:

When entity uses the accrual method of accounting, the transaction is recorded as and when it occurs.

The subscription revenue received relates to services to be rendered over 12 months. Therefore the Revenue is recognised as magazines are issued over - time.

<em>From the first issue June to end of December , there exists 7 issues of magazines.</em>

Revenue to be recognised = $240,000 × 7/12

                                             = $ 140,000

7 0
3 years ago
In this market research step, the data are compiled, studied, and interpreted:
Nuetrik [128]

Answer:

Data Preparation/Assembling Analysis

Explanation:

In the data analysis step of Market Research, the data collected in the research are put together, arranged in an organized form, put through detailed review, properly verified by an valid process, interpreted and expounded

In the preparation and analysis step, the data is formatted by editing, coding, transcription and verification to enable accurate analysis of the collected information. Data validation process is put in place to ensure that the proper data that quantifies the desired metrics are obtained.

The process of data preparation and analysis enables the decision making process by promoting the process of suggesting conclusions, whereby useful information is highlighted by the modelling, transformation, cleaning, and inspection data analysis processes

4 0
3 years ago
The current exchange rate between U.S. Dollar and Euro is $1.355/.738. It means that:______a. one Euro can buy 0.738 Dollars.b.
Verdich [7]

Answer:

b. one Dollar can buy 0.738 Euros

Explanation:

Given that

The Current Exchange rate is

= $1.335 ÷ 0.738 Euro

The 0.738 represents the indirect exchange rate now transform it into direct exchange rate

Direct Exchange rate is

= $1 ÷ 0.738 Euro

= $1.3550

Now bid price for purchase one euro is $1.335 and ask price to purchase one euro is $1.355

But the person could purchased at ask price only

Therefore the option b is correct

4 0
3 years ago
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