Answer:
$150000
Explanation:
Solution
The first step to take is to calculate the recognized gain.
Given that:
the outside basis = $100,000
Cash =$10,000
The fair market value of the boot manufacturing company is = $260,000
Now,
The Recognized gain is stated as follows:
The Fair Market Value - (Outside Basis + Cash)
= $260000 - ($100000 + $10000)
= $260000 - $110000
= $150000
Therefore her calculated gain is $150000
Answer:
servant leadership
Explanation:
Definition:
A servant leader focuses primarily on the growth and well being of people and communities to which they belong. The leader shares power, puts the needs of others first and helps people develop to their fullest potential.
How Malcolm could have demonstrated servant leadership:
- Focus on serving employees’ needs
.
- Develop employees to unleash potential in them
.
- Coach and encourage others to participate in organizational activities
.
- Create enabling work environment for personal growth and maximum participation by all.
-
Move away from self –serving, domineering leadership to respect, value and motivate subordinates
.
Answer:
Consists of goods being manufactured that are incomplete.
Consists of materials to be used in the production process.
<u>Calculation of amount of stockholders' equity at the end of the year:</u>
At the beginning of the year, Morales Company had total assets of $816,000 and total assets increased $178,000 during the year, hence Total Assets at the end of the year shall be 816000+178000 = $994,000
At the beginning of the year, Morales Company had total liabilities of $526,000 and total liabilities decreased $82,000 during the year. Hence Total Liabilities at the end of the year shall be 526000-82000 = $444,000
Now we can calculate amount of stockholders' equity at the end of the year as follows:
Equity = Assets – Liabilities
= 994,000-444,000
= $550,000
Hence, the amount of stockholders' equity at the end of the year shall be <u>$550,000</u>
Answer:
Direct material price variance= $21,450
Explanation:
Giving the following information:
Direct materials 4 pounds $4.70 per pound
May:
Jackson purchased 107,250 pounds of direct material at a total cost of $525,525.
To calculate the direct material price variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Actual price= 525,525/107,250= $4.9
Direct material price variance= (4.7 - 4.9)*107,250
Direct material price variance= $21,450
