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pickupchik [31]
2 years ago
6

Damien paid $41,000 for a new car. A few weeks later, he received a $2,000 cash rebate from the manufacturer. Damien later claim

ed and received a $3,750 federal tax credit for purchasing and owning the vehicle. Damien's basis in the car is:
Business
1 answer:
sweet [91]2 years ago
5 0

Answer:

$35,300

Explanation:

Cash paid = $41,000

Cash rebate received = $2,000

Federal tax received = $3,700

Damian's basis of car = Cash paid - (Cash rebate received + Federal tax received)

Damian's basis of car = $41000 - ($2000 + $3700)

Damian's basis of car = $41000 - $5,700

Damian's basis of car = $35,300

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What is the return on common stockholdersâ equity based on the following: Beginning Common Stockholdersâ Equity: $10,317,000 End
Slav-nsk [51]

Answer:

13.28%

Explanation:

return on stockholders' equity = net income after taxes and preferred stock dividends / average stockholders' equity

  • net income = $1,429,000
  • preferred stocks dividends = 8,000 stocks x $75 x 6% = $36,000
  • average stockholders' equity = ($10,317,000 + $10,662,000) / 2 = $10,489,500

return on stockholders' equity = ($1,429,000 - $36,000) / $10,489,500 = 13.28%

5 0
3 years ago
The percentage which is the sum of the discount rate, the effective tax rate and the recapture rate representing the relationshi
Savatey [412]

Answer:

Capitalization rate

Explanation:

Capitalization rate is a rate mostly used in real estate valuation that is used as a standard to compare a variety of real estate investments. It is calculated in percentage and in terms of the ratio of the net operating income provided or produced by an asset to the original cost or market value of the of the asset.

Cheers.  

7 0
3 years ago
What is a credit limit? AThe required payment to your credit card company. BHow many credit cards you can own. CThe amount of in
Zolol [24]
B how many credit cards you can own
7 0
3 years ago
If Sasha works for 6 hours she can rent
zloy xaker [14]

Based on the number of apartments that Sasha can rent at 6 and 7 hours, her marginal benefit in the 7th hour is<u> 3 apartments. </u>

<h3>What is Sasha's marginal benefit?</h3>

This refers to the additional number of benefits that Sasha gets when she works an extra hour.

As a result of working one extra hour from 6 hours to make it 7 hours, the additional benefit Sasha gets is:

= 12 - 9

= 3 apartments.

Find out more on marginal benefits at brainly.com/question/11937697.

5 0
2 years ago
The Waverly Company has budgeted sales for the year as follows:
Yanka [14]

Answer:

Production= 15,000 units

Explanation:

Giving the following information:

Sales:

Q2=14,000

Q3=18,000

The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units.

To calculate the production for the second quarter, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 14,000 + (18,000*0.25) - (14,000*0.25)

Production= 15,000 units

6 0
2 years ago
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