1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kitty [74]
3 years ago
12

Equipment that was purchased for $900,000 has a current book value of $450,000. Assume a capital gains tax rate of 28%. Compute

the net tax payment or savings if you sell the equipment for $271,400.
Business
1 answer:
Damm [24]3 years ago
8 0

Answer: Savings on taxes of -$50,008‬

Explanation:

Book Value = $450,000

Selling Price = $271,400

Book Value is more than selling price so there is a Capital loss.

Capital gains tax will therefore become a tax saving of;

= 28% * (271,400 - 450,000)

= ‭-$50,008‬

You might be interested in
During the beginning of the 21st century, the growth in computer sales declined for the first time in almost two decades. As a r
MAXImum [283]

Answer:

Answer for the question:

During the beginning of the 21st century, the growth in computer sales declined for the first time in almost two decades. As a result, PC makers dramatically reduced their orders of computer chips from Intel and other vendors. In general, the environment in which computer manufacturers operate is very uncertain; how should we expect this feature of the market to affect the length of contracts between computer manufacturers and their hardware manufacturers?

is given in the attachment.

Explanation:

4 0
3 years ago
When designing a management support system, using a(n) ____ can help reduce frustration.
DiKsa [7]

When designing a management support system, using (n) Progress bars acan help reduce frustration.

A progress bar is a graphical control used to show the progress of advanced computer operations, such as: B. Download, file transfer, or install for visualization. Graphs may be accompanied by text representing progress in percentage format.

A progress bar is used to indicate the progress of a task. For example, when uploading or downloading something from the internet, it's a good idea to show the download/upload progress to the user. Android has a class called ProgressDialog that can be used to create a progress bar.

Learn more about progress bar here: brainly.com/question/13425287

#SPJ4

7 0
1 year ago
For February, sales revenue is $900,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising e
FinnZ [79.3K]

Answer:

Option  A

Total selling expenses for the month of February=$245,600

Explanation:

<em>The selling expenses include all the expenditure incurred in respect of activities revolving around the marketing and distribution of goods to the final consumer.</em>

<em>These expenditures may be fixed or variable in nature</em>

DATA

Sales revenue -  $900,000;

Sales commission - 5%×  900,000 =  45000

Sales manager salaries  -  96,000

Advertising expenses - 80,000

Shipping expenses - 2% × 900,000 = 18000

Miscellaneous selling expenses = 2100 + (1/2× 1%× 900,000) =6600

Total selling expenses for the month of February

= 45000 +  96,000 + 80,000+ 18000 + 6600  = $245,600

Total selling expenses for the month of February=$245,600

6 0
3 years ago
Capable Golf Cart, Inc. (CGC) manufactures two models of golf cart: LX and EX. The budget data for next month is available. LX E
Nuetrik [128]

Solution :

1. Allocation on the basis of $\text{Direct labor hours}$

                                              LX                               EX

Direct Material                    125000                       90000

Direct $\text{labor}$ cost                  90000                       60000

Manufacturing overhead      $81000$                        $121500$

                              (202500/5000 x 2000)     (202500/5000 x 3000)

Total cost                             296000                       271500

Units produced                       50                               30

Cost per unit                          5920                           9050

2. Allocation on the basis of $\text{Direct labor costs}$:

                                              LX                               EX

Direct Material                    125000                       90000

Direct labor cost                  90000                       60000

Manufacturing overhead    121500                       81000

                        (202500/150000 x 90000)     (202500/150000 x 60000)

Total cost                             336500                       231000

Units produced                       50                               30

Cost per unit                          6730                           7700

3. Allocation on the basis of $\text{machine hours}$

                                              LX                               EX

Direct Material                    125000                       90000

Direct labor cost                  90000                       60000

Manufacturing overhead    112500                        90000

                              (202500/2700 x 1500)     (202500/2700 x 1200)

Total cost                             327500                       240000

Units produced                       50                               30

Cost per unit                          6550                          8000

5 0
3 years ago
An important element of just-in-time processing is Group of answer choices dependable suppliers who are willing to deliver on sh
goldfiish [28.3K]

Answer:

dependable suppliers who are willing to deliver on short notice

Explanation:

I will first try to explain what the concept means. just in time processing is an inventory strategy that has to do with the ordering of materials at short notice and receiving these items just in time for the production process. It decreases inventory costs and waste and also raises efficiency since goods are only going to be received as they are needed for production.

Therefore the correct answer is: dependable suppliers who are willing to deliver on short notice.

7 0
4 years ago
Other questions:
  • On January 15, Cheyenne Corp. sells merchandise on account to Flounder Associates for $4500 with terms 2/10, n/30. On January 20
    15·1 answer
  • New batteries are needed to power our electronic devices—our cell phones, tablets, and computers—and that market is exploding. R
    8·1 answer
  • Financial statements does not cover a period of time but rather reports amounts at a specific point in time?
    9·1 answer
  • When an externality is present, the market equilibrium is a. efficient, and the equilibrium maximizes the total benefit to socie
    10·1 answer
  • Select the correct answer.
    12·2 answers
  • Swifty Company uses the units-of-activity method in computing depreciation. A new plant asset is purchased for $41000 that will
    10·1 answer
  • Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per
    6·1 answer
  • How to reply to brand collaboration
    9·1 answer
  • If you put $7000 in a saving account that earns 2% interest for 10 years, how much will you have in
    15·1 answer
  • The question of how a tax change might impact U.S. economic output is most closely associated with the study of
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!