Answer: The answer is provided below
Explanation:
Gross rental income = 4,000
Less: mortgage interest = (3500)
Less: Allocated Expense = (2000)
= 4000 - 5500
Net loss = (1500)
Since the house has been used for more than 10 days by April and Bob, the rental expense will be limited to the gross rental income that are in excess of deductions for the interest and taxes that are allocated to the rental use.
Therefore, option C is correct
2. Amount of only 10000 should be included in gross total income as the punitive damage recived.
Therefore, option B is correct.
Answer:
b. $2,300 gain
Explanation:
The computation of the amount of gain or loss on the sale is shown below:
But before that the net book value is
Net book value of the equipment is
= Cost of an equipment - accumulated depreciation
= $100,700 - $68,800
= $31,900
Now
Gain (Loss) on the sale is
= Sale amount - Net book value of the equipment
= $34,200 - $31,900
= $2,300 gain
Hence, the correct option is b.
Answer:
Explanation:
to influence people's lives
to inspire people
to work independently without much interaction
Answer:
All of the above.
Explanation:
The hypothesis of an efficient market can be defined as the statement that financial markets are efficient in relation to information, that is, the prices of securities must reflect all available information. This hypothesis holds that the expected return on a security is equal to the return on equilibrium, which means that an agent is not able to achieve returns above the market average, as his returns would be consistent with the public information that must be available at the time that the investment is made.
So all of the above are true.
Answer: $972.74
Explanation:
From the information given, the external finance is calculated thus:
Sales growth = ($5970 - $5000) / $5000 × 100 = $970/$5000 × 100 = 19.4%
Then, we calculate the net income which will be:
= Sales - Cost
= $5970 - ($3410 × 1.194)
= $5970 - $4071.54
= $1898.46
Total asset = $14800 × 1.194 = $17671.20
Total equity = $3800 + $1898.46 = $5698.46
External financing needed:
= Total assets - Total equity - Debt
= $17671.20 - $5698.46 - $11,000
= $972.74